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Monday, June 17, 2024

Reps summon PPPRA boss over unremitted N1.62bn IGR

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The House of Representatives has summoned the Executive Secretary of Petroleum Product Pricing Regulatory Agency (PPPRA), Mr Abdukadir Saidu, over unremitted N1.62 billion Internally Generated Revenue (IGR) to the Federation Account.

The Chairman, House Committee on Finance, Rep James Faleke, gave the directive at an investigative hearing into alleged 30 billion dollars annual revenue leakage on Tuesday, in Abuja.

Faleke said that the directive was necessary to enable the PPPRA boss give explicit explanation on what actually happened to the N1.62 billion IGR  and why it was not remitted to the Federation Account

He said that committee would peruse the agency’s book from 2012 to date, adding that PPPRA must provide the IGR generated since 2012.

He also stated that the agency must provide the identity of the person it loaned money to, adding that the committee needed the approval letter from the Accountant General’s office.

Faleke stated that on no account shall any withdrawal be made from the revenue account, stressing that a peep into the constitution would provide a better understanding.

The lawmaker also demanded explanation on conflicting figures in the consumption of fuel in the country.

He added that NNPC was earlier quoted to have said that daily consumption of fuel was 93 million litres, while PPPRA had also said that daily consumption of fuel was 80 million litres per day.

The News Agency of Nigeria (NAN) reports that the Executive Secretary of PPPRA, Mr Abdukadir Saidu, failed to appear before the committee to answer questions.

However, Mr Peter Etuk, PPPRA, General Manager Finance, PPPRA, while responding to the daily consumption of fuel stated that the consumption on daily bases differs.

He stated that some days, fuel consumption could go higher, while at some point it would reduce.



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