The Federal Radio Corporation of Nigeria, FRCN, otherwise
known as Radio Nigeria has been indicted by the Auditor General of the
Federation, AuGF report over its alleged failure to recover over N187 million
advert debts.
The query of the Auditor General against the radio station
has however been sustained by the Senate Committee on Public Accounts following
the appearance of its Director General Mansur Liman before the Senate panel and
unresolved issues.
Chairman of the committee, Senator Mathew Urhoghide (PDP Edo
South), sustained the query issued to the corporation pending the time the
advert schedule which occasioned the debt is made available to the Senate.
The query reads: “Financial records maintained at Ibadan zonal office (FRCN Ibadan) revealed huge unrecovered advert debts of ₦120,099,666.88 (One hundred and twenty million, ninety-nine thousand, six hundred and sixty-six naira, eighty-eight kobo) owed to the Corporation as at December 2016, as a result of services rendered on credit to some companies by the zonal office.
“This is contrary to the provisions of Financial Regulations 224 and 230 (2009) which stipulates that all services rendered by government must be paid for immediately on completion of the service and where possible, payment may be made in advance; and where payment is outstanding, a system of follow-up by means of reminders and final demand should be made.
“Unrecovered advert debts of ₦67,842,011.50 (Sixty-seven
million, eight hundred and forty-two thousand, eleven naira, fifty kobo) which
were in respect of services provided on credit to some companies by the Lagos
Operations of the Corporation were being owed to it as at December 2016; and
majority of them have been outstanding for more than five years.
“Requests for the companies’ files and evidence of following
due process before rendering the services as well as agreements between the
Corporation and the purported debtors were not honored.
“Majority of these debts have been outstanding for more than
five years.”
But the Director General of FRCN while responding to the
query claimed that the outstanding debts came as of bankruptcy of the companies
which led to change of business name .
Liman added that when the FRCN approached the new companies
to pay the debt, they declined on the ground that it was not part of
liabilities inherited although N28million has been recovered so far from the
debtors.
He said the services of a legal outfit has been engaged to
recover the debt.
But when the chairman of the committee demanded for advert
schedule of the debtors, the Director-General failed to present it for the
panel to see.
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