The Federal Government yesterday declared its successful feat in recovering N34billion out of the N58billion that was missing from fraudulent revenue-generating agencies.

According to report by CEOAFRICA correspondent, the Co-ordinating and Finance Minister, Dr. Ngozi Okonjo-Iweala reveals this in Abuja during the inauguration of members of the Integrated Payroll and Personnel Information System (IIPIS) and Government Integrated Financial Management and Information System (GIFMIS).

She further said that the Federal Government is doing its possible best and working out means of retrieving what is due to it from the revenue-generating agencies who had failed to remit 25percent of gross revenues to the treasury.

According to the Finance and Co-ordinating, Okonjo-Iweala, the accounts of the suspected fraudulent agencies have since last month been frozen, reassuring that the Federal Government will recover every bit of the revenue through the GIFMIS and IPPIS platforms which would in full operation before the year runs out.

Detailing on the function of the various platform, she explained that the IPPIS – Integrate Payroll and Personnel Information System will function to put personnel on a biometric date base that will enable direct payment to people from the Accountant General’s office instead of bulk payment of transfer to MDAs.

Okonjo-Iweala in her statement assured that with the platforms in place, efficiency would be advanced in personnel cost, corruption curbed and the ghost name occurrences on the payroll would seize.