The Senate Committee on Finance has directed the National Agency for Food and Drug Administration and Control (NAFDAC) and the Ogun-Osun River Basin Development Authority (OORBDA) to resolve financial discrepancies within 14 days or face sanctions.

NAFDAC faced scrutiny over unaccounted funds from its operating surplus, with officials revealing that N21 billion deducted under the Treasury Single Account (TSA) policy remained unrecovered.

The agency also disclosed that President Bola Tinubu approved its removal from the revenue-generating list, though the decision hasn't been fully implemented.

The Fiscal Responsibility Commission highlighted OORBDA's failure to submit audited financial statements since 2022, with an outstanding liability of N71.5 million.

The committee emphasized that fully funded agencies must remit 100% of their revenue to the Consolidated Revenue Fund, rejecting OORBDA's claim that part of the revenue was used for equipment maintenance.

The directives aim to strengthen accountability and ensure compliance with statutory remittance obligations, with warnings of legislative sanctions for non-compliance.