The House of Representatives Committee on Finance has accused the Petroleum Products Pricing Regulatory Agency PPPRA of doctoring revenue documents.
The Chairman of the committee, James Faleke, accused the agency at the public hearing on the 2022-2024 Medium-Term Expenditure Framework MTEF and Fiscal Strategy Paper FSP.
The committee walked out the agency for failing to give appropriate figures on its daily output of Premium Motor Spirit PMS and other petroleum products in the country.
The committee agreed that there were discrepancies in the records presented by the PPPRA, as well as the revenues due to the Federation Account.
Faleke asked the agency to reappear on August 26th to further clarify the discrepancies noticed in the agency’s documents saying that the documents submitted by the agency showed that the daily output of PMS and other products were the same for 2018 and 2019.
In his ruling, the Committee chairman directed PPPRA to produce the records of all the daily outputs of petroleum products, as well as the revenue remittances to the federal government, when it reappears on August 26th.
