Ministries, departments and agencies of the Federal Government are in deficit of over N1tn to the Consolidated Revenue Fund

Ministries, departments and agencies of the Federal Government are in deficit of over N1tn to the Consolidated Revenue Fund, the Fiscal Responsibility Commission announced on Wednesday.

It also announced that the FRC and the Independent Corrupt Practices and other related offences Commission had resolved to partner in the recovery of assets and capital projects tracking in the fight against corruption.

Both organisations also committed to the exchange of ideas and resources in prosecuting the fight against corruption in public finance management across the country.

The Head, Communications, FRC, Bede Anyanwu, said in a statement issued in Abuja that these formed part of the outcomes of a courtesy call by the management team of the FRC to the ICPC head office.

The FRC team was led by the commission’s Chairman, Victor Muruako, and was received by the the ICPC management and its Chairman, Bolaji Owasanoye.

At the meeting, Muruako told his host that while the FRC had caused over N1.75tn to be remitted to the Consolidated Revenue Fund in the last 11 years, agencies of government were in deficit of over N1tn