Tag: Audit query

Audit Query: How FG agency sold over N2bn assets for N13m

Aminu Imam

…Reps kick, say due process not followed The House of Representatives Public Accounts Committee, (PAC), has kicked against the selling off of the Federal Government’s Plant, Property and Equipment, (PPE), valued at over N2 billion by the Office of the Auditor-General, (OAuGF), for the Federation for N13.618 million only. The transaction was effected by Ogun-Osun River Basin Development Authority. Details of the auctions, according to documents, included an 800 KVA Perkins Diesel generating set, bought for an undisclosed amount by the agency in 2006 but was sold for N550,000 in…

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Audit Query: H/Reps C’ttee probes NPA over non-remittance of multi-million dollar revenue

Aminu Imam

The House of Representatives Committee on Public Accounts has commenced an investigation into the multi-million dollar debt owed the Federal Government by terminal operators and the failure by the Nigeria Port Authority (NPA) to account for billions of naira accruing to the national treasury. The Committee Chairman, Rep. Wole Oke, asked the Management of the NPA to explain why such a huge amount of money owed to the Federal Government by terminal operators has not been recovered and paid into the federal treasury. The investigation is the sequel to 12…

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