15 MDAs remitted N7.971 billion into Consolidated Fund in 2018
The Fiscal Responsibility Commission (FRC), has expressed dismay over non-compliance by federal Ministries, Departments and Agencies (MDAs), to promptly remit their independent revenues to government’s Consolidated Revenue Fund (CRF), as stipulated by the FRC Act 2007.
FRC worried about disputed property, delayed development
The Financial Reporting Council of Nigeria (FRC) has called on the Federal Government to urgently intervene in the disputed landed property at Guzape, Federal Capital Territory (FCT)
FRC, ACCA hinge economic growth on adherence to codes
The Executive Secretary/Chief Executive Officer of FRC, Daniel Asapokhai, who made the observation at a breakfast meeting organised by the global accounting body, ACCA....
FRC, Reps committee partner on digitised reporting for transparency
The Financial Reporting Council (FRC) of Nigeria is in partnership with the Public Accounts Committee (PAC) of the House of Representatives to digitise the committee’s operation using a modern electronic document management system. The council had facilitated the deployment of Globodox Enterprise Electronic Document Management Solution (EDMS) to enable the committee seamlessly carry out its…
NCC, FRC target compliance to corporate governance in telecoms sector
The Nigerian Communications Commission (NCC) and Financial Reporting Council of Nigeria (FRC) have agreed to strengthen the level of compliance by telecoms operators to national and sector’s corporate codes of governance.
Ajimobi accepts defeat in Senatorial race, congratulates Balogun
Oyo State Governor and candidate of the All Progressives Congress (APC) in Oyo South Senatorial district Senator Abiola Ajimobi has congratulated the candidate of the People's Democratic Party (PDP) Kola Balogun for his victory in the National Assembly election. Ajimobi, who contested the seat of Oyo South Senatorial district in the Senate, polled 92, 579…
Tax institute strengthens ties with ICPC, FRC over evasion, reporting
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) and the Chartered Institute of Taxation of Nigeria (CITN) have strengthened their ties with the signing of a Memorandum of Understanding to collaborate on training of officers of the commission. The signing of the MoU, which was effected at the commission’s headquarters, was witnessed by…
IoD, FRC partner to train SMEs on corporate governance
Plans are underway by the Institute of Directors (IoD) Nigeria, in partnership with the Financial Reporting Council of Nigeria (FRCN) to train Small and Medium Scale Enterprises (SMEs) on corporate governance, to assist them maintain high standards of business ethics and integrity in their operations. The agreement was sealed over the weekend when the governing…
New rule restricts MDs from succeeding board chairmen
It may soon become illegal for the managing director and chief executive officer of a publicly quoted company to succeed the chairman of the board of directors, except after a period not less than three years of exiting the first position.