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 […]
Lawmakers Give HYPREP 7 Days to Explain ₦400bn Audit Queries
By Oluwakemi Kindness The House of Representatives has given the HydroCarbon Pollution Remediation Project (HYPREP) seven days to respond to audit queries involving more than ₦400 billion in its operations. The ultimatum followed a resolution by the House Public Accounts Committee (PAC) at a public hearing attended by 27 members on Monday. The committee directed […]
Reps to Probe NNPCL, INEC Over ₦802.19bn Audit Queries
By Oluwakemi Kindness The House of Representatives Public Accounts Committee will question officials of the Nigerian National Petroleum Company Limited and the Independent National Electoral Commission over audit queries involving more than N802.19bn. The committee is scheduled to question the agencies on Tuesday, October 6, as part of its review of reports by the Auditor-General […]
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 […]
Reps Open Probe into Alleged ₦5.3tn CBN Revenue Gaps
By Oluwakemi kindness The House of Representatives Public Accounts Committee (PAC) has directed the Office of the Accountant General of the Federation (OAGF) to submit details of unremitted operating surplus and other revenues allegedly owed to the Federal Government by the Central Bank of Nigeria (CBN), the Nigerian National Petroleum Company Limited (NNPCL) and other […]
Reps Summon AGF, Threaten Sanctions Over Oversight Snub
By Oluwakemi Kindness The House of Representatives Public Accounts Committee has issued a final summons to the Accountant-General of the Federation (AGF), Shamseldeen Babatunde Ogunjimi, ordering him to appear before the committee on Monday, July 13, over his alleged failure to honour repeated invitations and submit key financial documents. The committee warned that it would […]
Reps PAC Recovers ₦521m Unremitted VAT From CBN
By Oluwakemi Kindness The House of Representatives Public Accounts Committee (PAC) says it has recovered ₦521.8 million in unremitted Value Added Tax (VAT) from the Central Bank of Nigeria (CBN) as part of an ongoing probe into revenue leakages linked to the Remita platform. The committee say the recovered sum, amounting to ₦521,765,134.17, represents VAT […]
Senate Grills NNPCL Chiefs Over Unaccounted N210trn
By Anayo Akwitti Nigeria’s Senate Committee on Public Accounts has intensified its probe into the Nigerian National Petroleum Company Limited (NNPCL), summoning top officials over an alleged unaccounted N210 trillion flagged in audit reports spanning 2017 to 2023. At a tense session on Wednesday, the committee—chaired by Aliyu Wadada Ahmed—warned that it would issue a […]