Skip to main content

Reps order NNPC to cough out N236bn

By

The House of Representatives yesterday, ordered the Nigerian National Petroleum Corporation, NNPC, to return N236 billion to the treasury of the Federal Government within a month.

The order was given by the Chairman of the House Committee on Public Accounts, Adeola Olamilekan.

He said the order was in line with the query of the Auditor-General of the Federation which the corporation failed to defend before the committee.

Cross-Section of members of House of the Reps debating removal of fuel subsidy during Special Session in Abuja.

Cross-Section of members of House of the Reps

Group Managing Director of the Corporation, Mr Andrew Yakubu, was billed to appear before the committee, along with the heads of the Federal Inland Revenue Service,FIRS, Petroleum Products Pricing Agency, PPPRA, and Accountant General of the Federation, among others, over the Auditor -General’s query on the fuel subsidy regime but delegated the General Manager, Process and Procedures, Mr Abdullahi Kalami, to represent him.

The committee  turned back Mr Kalami on the ground that he was not competent to defend the corporation on such a sensitive matter and ruled that it should pay the N236 billion to the consolidated accounts of the federation within one month.

The PAC chairman  advised that the corporation could  approach a court of competent jurisdiction once the ruling was passed to the entire House for ratification, if not satisfied.

Adeola explained that the Committee took the decision as the last resort since the Corporation had refused to provide necessary documents or defend itself and that the PPPRA and other relevant agencies had appeared before the committee and submitted that the money was with the corporation.

However, Executive Director of Finance and Accounts,Mr Otti, made a sudden appearance at the Venue of the sitting about three hours after the ruling of the committee and claimed that he was on medication but the committee turned down his request to make his presentation  and advised him to liaise with its secretariat to enable it to attend  other agencies that were already hours behind.

The Central Bank of Nigeria,CBN which also appeared before the Committee on Monday clarified that the expenditure of N2.8billion which  PAC had queried was used for the reconstruction of a new office complex for its Port Harcourt branch and not for the renovation of the old complex as earlier stated.

Labels:

Comments

Post a Comment

Popular posts from this blog

DO YOU WANT TO BECOME A MASON IN NIGERIA

By
 After all i have said about this fraternity if you are still interested in becoming a mason there are just simply ways in which you can do that, but inspite of my post i am neither encouraging nor discouraging you all i am doing is just to let you know more about this frat and there's more to come about those who have joined, the so called stars like jay-z, kanye west etc i guess its just 7 simple ways to join and off you go  Are there things you want to accomplish in your life? Are there ways you want to enrich yourself? Do you enjoy being with people you like and respect? As a Freemason, you’ll find friendship and fraternity. You’ll develop life skills like self-confidence, leadership, and effective communication. You’ll learn to work as part of a team  and to better yourself as you help others. Think about taking the first step into becoming a Mason. It is widely thought that one must be invited to become a Freemason or that Freemasonry is so exclusive as to be b...
240 comments
Read more

President Goodluck Jonathan Sets-Up Amnesty Committee For Boko-Haram

By
President Goodluck Jonathan has approved the constitution of a Presidential Committee to "constructively engage key members of Boko Haram and define a comprehensive and workable framework for resolving the crisis of insecurity in the country." Announcing the setting up of the committee, a statement by Dr Reuben Abati, the Special Adviser to the President on Media and Publicity stated that the committee's terms of reference will include: -Developing a framework for the granting of amnesty -Setting up of a framework through which disarmament could take place within a 60-day time frame -Development of a comprehensive victims' support programme -Development of mechanisms to address the underlying causes of insurgencies that will help to prevent future occurrences. The committee is made up of the following Nigerians: Committee on dialogue and peaceful resolution of security challenges in the north 1.Kabiru Tanimu Turaki, Minister of Special Duties - Chairman 2....
Post a Comment
Read more