FCT Councils Face Fresh Audit Concerns Over Revenue, Assets
By Oluwakemi Kindness The House of Representatives Public Accounts Committee (PAC) has uncovered fresh concerns in the 2022 and part of the 2023 audit reports of six Federal Capital Territory (FCT) Area Councils. This include alleged understatement of internally generated revenue, unauthorised disposal of assets and failure to remit withholding tax. The committee also disclosed […]
Senate Panel Gives Four Oil Firms 48-Hour Ultimatum
By Anayo Akwitti The Senate Public Accounts Committee (SPAC) has given Seplat Energy, Network E&P Nigeria Limited and two other oil companies 48 hours to appear before it and respond to queries raised in the 2021, 2022 and 2023 audit reports of the Nigeria Extractive Industries Transparency Initiative (NEITI). The other companies summoned are All […]
Senate Threatens CBN, NDDC, NUPRC Over Hearing Absence
By Anayo Akwitti The Senate Public Accounts Committee has threatened sanctions against the Central Bank of Nigeria (CBN), the Niger Delta Development Commission (NDDC) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) after the agencies failed to appear before its public hearing on the Nigeria Extractive Industries Transparency Initiative (NEITI) audit reports covering 2021 to […]