Nigeria, Aug. 26 -- The Senate joint committee on finance and national planning, on Tuesday, queried the Director-General of Securities and Exchange Commission (SEC), Lamido Yuguda, for spending N10.3 billion on the annual salary of about 600 staff.

The panel also directed the agency to unfailingly remit N300 million into the Consolidated Revenue Fund (CRF) by next Thursday.

The directive was given at the final day of the public hearing on the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper.

It was sequel to the DG's submission on revenue projections for the 2021 budget where he said out of N4 billion revenue generated by SEC in 2019, only N86.835 million was remitted into the CRF.

He also said for the workforce ...