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The Nigerian Communications Fee has denied incurring a deficit of N17 billion by allegedly spending N35.2 billion on personnel prices and consultancy charges.
NCC’s Director, Public Affairs, Dr Reuben Muoka, made this recognized in an announcement on Tuesday in Abuja.
Muoka mentioned that the fee was involved with the lack of a web-based publication to precisely interpret the contents of its 2021 Annual Stories which had been made public.
He mentioned, in consequence, the publication gave a fallacious impression that the fee incurred a N17 billion deficit, saying, “That is removed from the reality.
“Although the assertion of the monetary efficiency of the fee for the interval ended December 2021, clearly signifies that the sum of N17.3 billion was a surplus/deficit retained for the interval).
“This doesn’t indicate that the fee incurred a money deficit because the expenditures in its financials have been each in money and accruals relevant to the 12 months.
“If the publication had inquired of the constituents of our expenditures, it will have learnt that the expenditures for the 12 months 2021 included accruals for objects present process procurement on the finish of the 12 months.
“Just like the State Accelerated Broadband Initiative being applied by the fee which was standing within the sum of about N24 billion within the monetary report,” he mentioned.
Mouka mentioned that the fee additionally remitted an Working Surplus/Spectrum Charge of an estimated N197.7 billion to the Federal Authorities beneath the identical Monetary Efficiency Reporting interval.
He mentioned the fee had a financial institution stability of about N46.97 billion, erasing any doubt that there was any deficit spending.
Mouka added, “The fee, subsequently, disclaims the fallacious impression created by the web publication and subsequent misinterpretation of our monetary report within the publication could have had within the minds of the general public and stakeholders.
“The fee reiterates its dedication to the efficient and clear processes in all its regulatory, administration and monetary actions.”
NAN
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