
The Nigeria Ports Authority (NPA) on Wednesday disclosed that it has recovered whooping sums of $89 million and N2.404 billion outstanding debt owed by some corporate organisations.
Managing Director, Nigerian Ports Authority, Hadiza Bala Usman disclosed this during the investigative hearing held at the instance of the House Committee on Public Accounts, chaired by Hon. Wole Oke, into the 16 audit queries issued by the office of the Auditor General of the Federation (oAuGF) against NPA.
Usman who was represented by NPA’s General Manager (Finance), Mr. Emeka Ezugwu who hinted on the move by the agency to write-off debts from 10 years and above.
Worried by the development, Hon. Oke who demanded for the statutory powers derived by NPA to recommend for write-off of debts, requested for the list of all the affected properties, names of all the occupants, tenancy agreements and actual rent owed, for necessary legislative action.
He observed that the Committee will deploy similar intervention for Federal Inland Revenue Service (FIRS) and Nigeria Social Insurance Trust Fund (NSITF) in the recovery of outstanding debts.
Meanwhile, the Committee has called for the unveiling of the owner and Board of Directors of Mangrove Tech allegedly owned by the cousin of a former Nigerian President, over the abandoned N7.5 billion contract awarded by Nigerian Ports Authority (NPA) since 2012 for shore reclamation and erosion protection with 14 months completion date.
According to the financial record audited by the oAuGF, the sum of N4.248 billion (56.61%) and N128 million insurance premium paid leaving the balance of N344.265 million.

The lawmakers also frowned at the sum of N539.453 million and N19.500 million paid for purchase of 3 Toyota Hilux with no documentary evidence of purchase; N13.500 million paid for annual running cost; N11.250 million compensation paid without any record of beneficiaries; N12.5 million paid for community relations as well as the sum of N128 million insurance paid for work and damages without any evidence of insurance policy.
The lawmakers also queried the presentation of NPA over the outstanding sum of N500 million allegedly owed the company despite failing to complete the project; threatened to adopt the recommendation of the oAuGF to sanction the NPA Managing Director for the infraction as well as the contreactor for failing to complete the project.
Some of the queries issued by the oAuGF include: N54.354 million unpaid insurance claims owed by Alliance & General Insurance Plc; 3 Toyota Land Cruiser Jeep unaccounted for by the NPA which were given to the former NPA Board Chairman, late Chief Tony Anenih, and Alhaji Sanusi Ado Bayero; a former NPA Managing Director, Mr. Habib Abdullahi.
Others are: N500 million over-paid to contractors, and various Corporate Social Responsibility projects on construction of classroom blocks worth N25.8 million each in Enugu and Gombe states and health centres in Niger State.
To this end, the Committee resolved to summon Managing Director of Kakatar Nigeria Limited over the N7.5 billion abandoned project as well as the alleged N500 million owed by NPA.
The Committee also summoned all the Managing Director/CEOs of Insurance companies engaged by NPA; just as it resolved to grant clemency to the late Chief Tony Anenih over the unaccounted for Toyota Land Cruiser which he took away after leaving office.
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