Thirty-eight statutory agencies of the Federal Government are yet to submit their budget proposals for the 2017 fiscal year. These agencies, which

include the Nigerian National Petroleum Corporation (NNPC), Central Bank of Nigeria (CBN) and Bureau of Public Enterprises (BPE), have

continued to make huge extra-budgetary expenditure in breach of the Fiscal Responsibility (FRA) Act 2007. This was disclosed by the Senate

yesterday during a legislative session.

Section 21 of the law makes it mandatory for all departments and agencies of the government to submit their expenditure plans to the National

Assembly for approval.

The worry of the Senate is that with five months already into the financial year in question, the lack of submission and defence of budget
proposals may lead to corruption in the agencies.

The agencies were supposed to have submitted their estimates to the finance minister who would attach the same to the national budget for

presentation by the President to the National Assembly.

culled from Guardian

you better put the link .

That culled from Guardian doesn't cut it