NPA: How N165.3billion Unremitted Operating Surplus Fund Put Hadiza Usman In Trouble
By Francis Ugwoke
The failure of the management of the Nigerian Ports Authority (NPA) to remit the sum of N165.3billion operating surplus to the consolidated revenue fund account was why President Muhammadu Buhari ordered the suspension and probe of the Managing Director, Ms Hadiza Bala Usman.
First, the observation was raised by the Budget Office of the Federation which in turn alerted the Ministry of Transportation.
Following this development, the Minister of Transportation, Rotimi Amaechi, had on March 4, this year, sent a memo to the President drawing his attention to the query from the Budget office.
Amaechi had in the memo also requested the approval of the President to carry out an audit of the Authority’s financial records for the period 2016 to 2020.
Amaechi in the memo argued that the audit was to ascertain the true financial position and the outstanding unremitted balance of N165.3 billion.
The President’s approval, he added in the memo was necessary to account for the gross shortfall as discovered by the Budget office.
The President had in turn approved the request on March 17
Buhari had Thursday approved the suspension of Usman with immediate effect.
The President according to a statement by the Presidential spokesman, Mr Grba Shehu, appointed the Executive Director, Administration with the NPA, Mohammed Koko, in acting capacity to replace Usman.
The President also approved that Hadiza should face a Panel which will be constituted by the Ministry of Transport.
It was gathered last night that the Panel is to be headed by the Director, Maritime Services in the Transport Ministry while the Deputy Director, Legal will serve as Secretary.
The Panel is scheduled to start work on Monday.
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The failure of the management of the Nigerian Ports Authority (NPA) to remit the sum of N165.3billion operating surplus to the consolidated revenue fund account was why President Muhammadu Buhari ordered the suspension and probe of the Managing Director, Ms Hadiza Bala Usman.
First, the observation was raised by the Budget Office of the Federation which in turn alerted the Ministry of Transportation.
Following this development, the Minister of Transportation, Rotimi Amaechi, had on March 4, this year, sent a memo to the President drawing his attention to the query from the Budget office.
Amaechi had in the memo also requested the approval of the President to carry out an audit of the Authority’s financial records for the period 2016 to 2020.
Amaechi in the memo argued that the audit was to ascertain the true financial position and the outstanding unremitted balance of N165.3 billion.
The President’s approval, he added in the memo was necessary to account for the gross shortfall as discovered by the Budget office.
The President had in turn approved the request on March 17
Buhari had Thursday approved the suspension of Usman with immediate effect.
The President according to a statement by the Presidential spokesman, Mr Grba Shehu, appointed the Executive Director, Administration with the NPA, Mohammed Koko, in acting capacity to replace Usman.
The President also approved that Hadiza should face a Panel which will be constituted by the Ministry of Transport.
It was gathered last night that the Panel is to be headed by the Director, Maritime Services in the Transport Ministry while the Deputy Director, Legal will serve as Secretary.
The Panel is scheduled to start work on Monday.
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