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Nigerian Port Authority Addresses Senate Committee on Unremitted Funds

The Nigerian Port Authority (NPA) addressed the Senate Committee on Public Accounts, responding to concerns over alleged unremittances of $852 million and N1.8 billion by private operators.JAMB Portal

This issue was brought to light in the 2019 Audit Report by the Office of the Auditor General of the Federation, which claimed that the NPA failed to collect these amounts from terminal operators.informationguidenigeria

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Responding to a directive from the Senate Committee, which called for the NPA’s Managing Director, Mohammed Bello-Koko, and other management staff to appear within 48 hours, the NPA presented its case. Bello-Koko explained that the mentioned sums were the total of unremitted funds accumulated from private port operators who were part of a concession agreement initiated in 2006.JAMB Result

He further clarified that the root of this issue lies in the faulty concession agreements signed with these private operators by the Federal Government in 2006. According to Bello-Koko, these agreements are largely responsible for the current situation where the NPA is held accountable for the unremittances.NYSC Portal

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Emediong Silver

Emediong Ekpe is a graduate of English. A professional Sports journalist/analyst, and a spoken word artist. He is passionate about decimating information and putting smiles on people's faces via news writing. Whatapp: 08088735884

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