Mohammed Shosanya
The Public Accounts Committee (PAC) of the Nigerian House of Representatives,has announced revenue leakages totaling N32.15 billion within the Nigeria Upstream Petroleum Regulatory Commission (NUPRC).
Its chairman,Bamidele Salam, highlighted significant irregularities in the revenue generated for the federal government between 2015 and 2022, as documented in NUPRC’s submitted report.
At a recent session of the committee,he alleged that N909 million had been transferred directly into private accounts within Deposit Money Banks, bypassing the Treasury Single Account (TSA) protocols, a violation of government financial policy aimed at curbing fraud and mismanagement.
The committee further uncovered discrepancies amounting to N15.47 billion in transactions listed in Remita,the federal government’s payment gateway, which were missing from NUPRC’s data.
Besides,N6.33 billion recorded by NUPRC did not appear in Remita, raising questions about the integrity of financial records,the committee said,adding that
inconsistencies were noted in transaction values, with N388 million reported lower in NUPRC’s records and N909 million reported higher in Remita’s records, adding to concerns about data accuracy and transparency.
The committee has summoned NUPRC’s Chief Executive Officer, Engr. Gbenga Komolafe, and other key officials to appear before them on Monday to clear air on the infractions.
