The Centre for Anti-Corruption and Open Leadership (CACOL) has appealed to President Bola Tinubu to consent to the Bill for an Act to Amend the Revenue Mobilisation Allocation and Fiscal Commission Act, CAP. R7 LFN 2010.
According to a statement by Debo Adeniran, the Chairman of CACOL, on Sunday, the Bill, which the Ninth Assembly passed, is currently awaiting Mr Tinubu’s approval.
Mr. Adeniran emphasized that the Bill’s enactment would grant the commission enhanced enforcement powers to oversee the accruals and disbursement of revenue from the federation account. Moreover, it aims to align the Act with the provisions of the 1999 Constitution (as Amended).
“The Bill, in its approved form by the National Assembly, stipulates that the commission shall receive complete funding from the three tiers of government, which are the beneficiaries of the Federation Account. As one of the 14 executive bodies recognized by the Constitution, RMAFC has been severely underfunded, unlike other heavily funded agencies such as the Independent National Electoral Commission (INEC), National Population Commission (NPC), and the National Assembly,” he explained.
The chairman of the anti-graft group further expressed his optimism that the Bill would eliminate financial, legal, and regulatory obstacles that had rendered the commission ineffective in the past, referring to it as a “toothless bulldog.”