Business
Reps Committee orders NPA to resolve $753m, N1.61bn debts
The House of Representatives’ Committee on Public Accounts, has ordered the Nigerian Port Authority (NPA) to immediately call a meeting with firms operating Nigeria’s ports to determine their actual indebtedness to the Federal Government.
The development becomes necessary due to an audit query issued by the Office of the Auditor General for the Federation claims that 18 port terminal operators had failed to remit total sums of $753m and N1.61bn to the government.
Chairman of the committee, Oluwole Oke, thereby ordered the reconciliation meeting at an investigative hearing after one of the terminal operators listed by the NPA as one of the debtors denied owing $4.04m.
Oke said the Bureau for Public Enterprises and some of the committee members should be part of the meeting.
“I want Nigerians to understand why we invited private companies. Ordinarily, we have no business with private companies. The Auditor General for the Federation indicted terminal operators for being indebted to the Nigerian Ports Authority.
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