The Nigerian Ports Authority (NPA) has offered clarifications to the Senate Committee on Public Accounts regarding the debt sum of N1 billion, which the committee said was not clarified in the report of the Auditor General of the Federation.
Furthermore, the NPA extended its clarifications to the $852,093,731.10 cited in the Auditor General of the Federation’s report being circulated in the media, claiming that a total of $232,354,156.43 out of the sum had been recovered.
Managing Director of the NPA, Mr Mohammed Bello-Koko, appeared before the Committee and stated that the House Committee on Public Accounts had thoroughly verified the money in the 9th Assembly and had given the Authority a clean bill of health.
The NPA’s efforts to clarify the debt sum and recovery of funds come in response to the concerns raised by the Senate Committee on Public Accounts. The NPA is committed to transparency and accountability and will continue to work closely with the committee to address any outstanding issues.
The NPA’s clarifications provide important insights into the management of funds and bring clarity to the situation, ensuring that the Authority’s financial records are accurately reported and accounted for.
