Politics Confab Proposes an "Ill-Gotten Gain Act" To End Corruption in Nigeria



The National conference has called on the National Assembly to enact an ``Ill-Gotten Gain Act’’ that will compel individuals to explain the sources of their wealth’’ to check corruption in the country.

It recommended the appointment of two Accountants-Generals, one for the Federation and another for the Federal Government on a single term of six years.

This is to enhance accountability, transparency and avoid mistrust between the sub-nationals and the Federal Government.

It suggested that the Revenue Mobilisation, Allocation and Fiscal Commission be placed on first-line charge to make it independent from the interference of the legislative arm of government.

It recommended review of the commission mandates to include the regulation of pension, and rejected the amendment of Section 70 of the 1999 Constitution to place the salaries and allowances of political officeholders at par with senior civil servants.

It also resolved that government agencies responsible for revenue generation and collection must comply with Section 162(3) of the 1999 Constitution.

The section required them to remit gross revenue in full to the Federation Account and resort to normal budget process of obtaining budget approval from the National Assembly to fund their operations.

The conference suggested the amendment of the enabling Acts which empowered departments and agencies of government to retain revenues and surplus to fund their operations.

It, however, rejected recommendations for establishment of Revenue Courts on Tax issues and engagement of licenced professionals as tax administrators or consultants.



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