The Senate Committee on Public Accounts has begun an investigation of the Bureau of Public Enterprises for allegedly failing to remit 679.4 million dollars realised from the concession of various ports to 23 companies the Nigerian Ports Authority over a period of 10 years.
The investigation is based on the Auditor-General for the Federation’s Annual Report on Non-Compliance/Internal Control Weaknesses Issues in Ministries, Departments and Agencies of the Federal Government of Nigeria for the Year Ended 31st December 2019.
The Acting Auditor-General of the Federation, Adolphus Aghughu, had presented the report to the Clerk to the National Assembly, Ojo Amos, on September 15th, 2021, while the Senate and House Committees on Public Accounts launched an investigation into the queries.
The query by the office against the Bureau of Public Enterprises showed that 23 companies were granted concession at various ports under the NPA for 10 years and above, with an annual rent of $679.4m payable to the NPA as of December 31 of every year.
