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Government & Politics

Senate To Probe Corporation For Not Remitting N3.2tr

Senate
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The audit report revealed that the clerk of the National Assembly violated the financial regulations of the Federal Government by disbursing over N9b without raising payment vouchers.

The Nigerian Senate has announced that it will probe theNigerian National Petroleum Corporation (NNPC), following the revelations contained in the 2014 federal audit report.

You will recall that the report revealed that  the NNPC withheld N3.2tr ($16 billion) in revenues from the federal government in 2014

Punch reports that the Senate through its representative said“The eighth Senate has chosen to be different as we have stated several times since we came on board and for which we came up with our legislative agenda to make us different from the past because we are in the season and period of change and we want to seriously key in to that.”

Adding that “Along that line, you can see the courage that we have to make some differences from what has obtained in the past and o this note, we have passed reports of some committees like the Treasury Single Account, which is a classic example.

“Through that exercise, we were able to save the country N7bn. There are similar works that have been done. We want to say that since we have chosen to be different, we urge Nigerians to wait and see what we will make out of the investigation (Auditor General’s report).”

Premium Times also reports that the 2014 federal audit report indicted the National Assembly.

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The report revealed that the clerk violated the financial regulations of the Federal Government by disbursing over N9b without raising payment vouchers.

Source: pulse.ng


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