“It is imperative for regulators to ensure accountability on inaccurate rating opinions issued in Africa,” the report said.
He said the 2015 Annual Report of the Auditor-General for the Federation showed that interest of $1,829,025.45 was deposited in the ECA as interest on investments.
The assembly also approved the deduction from source of five per cent consultancy fee for the recovery of backlog of stamp duties.
The COVID-19 pandemic pushed millions of Africans below the poverty line.
The federal government got N21.950 billion, states received N73.168 billion, and LGAs got N51.218 billion.
