The Chairman of the Nation Accounts Committee of the Space of Representatives, Bamidele Salam, has admitted that the committee has no longer concluded their investigation into the alleged lacking budget within the Nigeria Upstream Petroleum Regulatory Fee.
A observation made to be had to PUNCH On-line on Saturday evident that “The committee already announced that billions of naira are missing from the agency’s accounts in seven years, between 2015 and 2022.”
PUNCH On-line experiences that the executives of NUPRC were summoned by means of the Space of Representatives, given the purported discovery of an alleged large monetary hollow within the organisation.
The observation reads, “The Nation Accounts Committee of the Space of Representatives is looking for explanations from the NUPRC hierarchy nearest the lawmakers claimed they came upon lacking budget operating into billions of naira.
“The PAC has evident, with out concluding investigations, that it has exposed over a N32 billion (N32,151,775,466.87) earnings loss thru leakages in a report submitted to it by means of the NUPRC. The submissions lined earnings generated for the Federal Govt in seven years, from 2015 to 2022.
“The Chairman of the Committee, Bamidele Salam, who introduced this throughout an investigative consultation on Thursday, expressed critical issues over reported earnings leakages and non-compliance with same old working procedures. He said that the panel came upon, amongst alternative issues, that N909,392,169.74 was once transferred without delay to non-public accounts in Storagefacility Cash Banks with out following due procedure and the Treasury Unmarried Account laws.
The Committee additionally showcased discrepancies, together with over N15bn (N15,476,269,397.10) in transactions indexed in Remita, that have been absent from the NUPRC information, and any other over N6bn (N6,332,212,384.25) in transactions from the NUPRC information that didn’t seem in Remita.”
It added that discrepancies in transactions operating into tens of millions have been additionally came upon between Remita and the NUPRC.
“As well as, there have been alleged worth discrepancies in transactions between Remita and NUPRC, with over N388 million (N388,103,353.31) reported decrease and over N900m (N909,392,169.74) reported upper in Remita.
“The Space committee, no longer happy with the alleged came upon discrepancies, ordered the Eminent Government Officer of the company, Gbenga Komolafe, to, together with alternative related officers, seem prior to it on Monday, November 4 to give an explanation for the inconsistencies within the document offered.
“Alternatively, when contacted by means of a journalist at the later steps of the committee, about improving the lacking budget, Salam confessed that the probe had no longer been finished.
“It’s an ongoing investigation and continues on Monday (November 4) where all parties will meet for reconciliation of figures”, the observation concluded.
Recall that during June 2024, the Space of Representatives Committee on Nation Petitions summoned the managing director and senior control personnel of the Nigeria AGIP Oil Corporate over a petition alleging the relief of $72m.
The petition was once raised towards AGIP by means of a provider corporate, De Coon Provider Restricted.