The House of Representatives Public Accounts Committee has summoned the leadership of the Nigerian Ports Authority and seaport terminal operators over $852.094 million and N1.897 billion and other funds owed the Federal Government.
According to the committee, N269.410 million of the N1.8 billion has been recovered while the balance of N1.6 billion “invoices processed on the encumbered areas remains unpaid.”
It added, “The sum of $504,663,452.37 is volume change on fix lease lease fee payment by APMT arising from clauses in the concession agreement between NPA and APMT out of the total sum of $852,093,730.77.
“Bills raised on encumbered areas which remain unpaid is $19,169,459.00. The following has been paid GMT-$54,707,700.08, unpaid penalties – $11,922,642.68 and unpaid VAT-$28,693,707.07”.
“$92,533,518.72 has been recovered; leaving unpaid lease and throughput fee in the sum of $139,970,637.71 (made up of $113,982,486.82 and $5,988,150.89) respectively.
The committee directed the NPA management to reconcile their records with the office of the AuGF and provide evidence of remitting the recovered N269.51m and $92.534m to the government.
Osun man on death row for fowl theft shares how police subjected 17-year-old self to…
Oil cabal sponsoring blackmails against Tompolo, Otuaro, Kyari, say Ijaw youths Stakeholders under the Ijaw…
NURTW scribe felicitates Nigerians on Xmas, urges caution The General Secretary of the National…
Why we displayed 'Jesus Christ is not God' banner at Lekki mosque -Imam …
CBN fines bank found hoarding cash N150m The Central Bank of Nigeria (CBN) has imposed…
Lagos-Calabar coastal road: Train track work begins 2025, says minister The Federal Government plans to…