Falana writes Buhari on N94trn unremitted to Federation Account
The Alliance for Surviving COVID-19 and Beyond (ASCAB), a coalition of 70 labour and Civil |Society Organisations (CSOs), says it has discovered N94.3 trillion which was not remitted to the Federation Account. In a letter dated September 28 and addressed to President Muhammadu Buhari, Femi Falana, interim National Chairman of the coalition, said the unremitted money can fund the national budget for more than eight years. The group maintained that “revenue leakages” have shown that the federal and state governments have the funds to ensure better welfare for the people, and as such, ASCAB will start campaigning for another increase in the minimum wage next year. “ASCAB rejects the argument of no money to provide basic goods for the masses. The wealth of Nigeria, as measured by the GDP, is now three times higher than it was in 1998, but the minimum wage is only worth half of its value then, and at least eight states have yet to fully pay the legislated N30,000 that was agreed to be paid ...