Business President Buhari Orders Probe of CBN, NCC & Nigerian Customs Service

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Nigeria's President Muhammadu Buhari during his independence day speech said he has ordered a complete audit of all revenue generating agencies in the country as a clean up measure and to make them more efficient.

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Top on the list of the agencies are the Nigerian National Petroleum Corporation, the Central Bank of Nigeria, the Federal Inland Revenue Service, the Nigerian Communications Commission and the Nigerian Customs Service.

“We have seen in the last few years how huge resources were mismanaged, squandered and wasted. The new APC government is embarking on a clean up, introducing prudence and probity in public financing.” he said.

“Prudent housekeeping is needed now more than ever in view of the sharp decline in world market oil prices. It is a challenge we have to face squarely. But what counts is not so much what accrues but how we manage our resources that is important," he added.
 
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