The Next Edition
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
No Result
View All Result
The Next Edition
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate
Home Headline News

Reps Summon PPPRA Boss Over Unremitted N1.62bn IGR

Next Edition by Next Edition
June 29, 2021
in Headline News
Reps Summon PPPRA Boss Over Unremitted N1.62bn IGR
0
SHARES
1
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

The House of Representatives has summoned the Executive Secretary of Petroleum Product Pricing Regulatory Agency (PPPRA), Mr. Abdukadir Saidu, over unremitted N1.62 billion Internally Generated Revenue (IGR) to the Federation Account.

The Chairman, House Committee on Finance, Rep James Faleke, gave the directive at an investigative hearing into alleged 30 billion dollars annual revenue leakage on Tuesday, in Abuja.

You might also like

US Court Jails Five Nigerians For 159 Years

OOU Faces Backlash Over ‘No Bra, No Entry’ During Examination

President Tinubu Signs Bills To Establish Three Tertiary Institutions

READ ALSO: Actress Regina Daniels To Throw Lavish First Year Party For Her Son

Faleke said that the directive was necessary to enable the PPPRA boss give explicit explanation on what actually happened to the N1.62 billion IGR and why it was not remitted to the Federation Account
He said that committee would peruse the agency’s book from 2012 to date, adding that PPPRA must provide the IGR generated since 2012.

He also stated that the agency must provide the identity of the person it loaned money to, adding that the committee needed the approval letter from the Accountant General’s office.

Faleke stated that on no account shall any withdrawal be made from the revenue account, stressing that a peep into the constitution would provide a better understanding.

The lawmaker also demanded explanation on conflicting figures in the consumption of fuel in the country.
He added that NNPC was earlier quoted to have said that daily consumption of fuel was 93 million litres, while PPPRA had also said that daily consumption of fuel was 80 million litres per day.

The Executive Secretary of PPPRA, Mr. Abdukadir Saidu, failed to appear before the committee to answer questions.

However, Mr. Peter Etuk, PPPRA, General Manager Finance, PPPRA, while responding to the daily consumption of fuel stated that the consumption on daily bases differs.

He stated that some days, fuel consumption could go higher, while at some point it would reduce.(NAN)

Next Edition

Next Edition

Recommended For You

Nigeria Ranks Seventh With International Students In US

US Court Jails Five Nigerians For 159 Years

A court in the United States has sentenced five Nigerian nationals to a combined 159 years in prison for their involvement in a sweeping $17 million fraud scheme...

OOU Faces Backlash Over ‘No Bra, No Entry’ During Examination

OOU Faces Backlash Over ‘No Bra, No Entry’ During Examination

A viral video showing female students of Olabisi Onabanjo University, Ago-Iwoye, being checked for bras before entering the examination hall has sparked widespread criticism online and on campus....

President Tinubu Signs Bills To Establish Three Tertiary Institutions

President Tinubu Signs Bills To Establish Three Tertiary Institutions

President Bola Ahmed Tinubu has signed into law three bills sponsored by the Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, establishing the Federal College of...

Soyinka @ 90: Group Gathers 80 Schools Plan One Month-Long Exhibition

I Nearly Contested For President After June 12 Struggle — Soyinka

Nobel laureate, Prof Wole Soyinka, has disclosed that he almost joined the presidential race following the June 12 pro-democracy struggle. He, however, said he dismissed the idea after...

Next Post
Tearful Serena Forced Out Through Injury At Wimbledon

Tearful Serena Forced Out Through Injury At Wimbledon




Related News

Bayelsa Raises Alarm Over Worsening Security Situation

Bayelsa Raises Alarm Over Worsening Security Situation

Pakistan invites Nigerians to Karachi fair

Pakistan invites Nigerians to Karachi fair

FG Suspends Adeboye’s Helicopter From Flying

FG Suspends Adeboye’s Helicopter From Flying




The Next Edition

Office Address

3B, Agboola Aina street, Off Toyin Street,
Ikeja, Lagos.

Quick Contact Details

Phone:
08033018430
Whatsapp:
08051679910

Email:
[email protected]
[email protected]

Categories

  • Aviation
  • Beauty
  • Breaking News
  • Business
  • Columnists
  • Editorial
  • Entertainment
  • Fashion
  • Featured
  • Football
  • Foreign
  • Headline News
  • Home & Garden
  • Interviews
  • Investigations
  • North Central
  • North East
  • North West
  • Opinion
  • Parenting
  • Politics
  • Relationships
  • South East
  • South West
  • South-South
  • Special Reports
  • Sports
  • Top News
  • Vox Pops

© Next Edition Business Development Limited

  • About Us
  • Advert Rate
  • Contact Us
  • Privacy Policy
  • Terms of Use
No Result
View All Result
  • Home
  • About Us
  • News
  • Featured
  • Investigations
  • Foreign
  • Special Reports
  • Entertainment
  • Interviews
  • Advert Rate

© Next Edition Business Development Limited