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Despite the SEC’s stance, the committee chairman expressed concerns over the SEC’s preference for dealing directly with the Accountant-General’s office rather than the FRC, which is legally mandated to oversee government agencies’ financial responsibilities.
“I don’t know why SEC is more comfortable with the Accountant-Genera’s office and I don’t want to insinuate anything, but I want to assure the FRC that from now on, all that will stop.
“We have written the SEC on December 20, 2022, intimating the commission of our computed liability for the period 2007 to 2021 and the said liability amounted to N45.01 billion only..
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