National Economy
Sunday, June 1, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home States & Politics

Reps Quiz NPA Over Sale Of 16 Vessels At N156m

by Taiwo Bakare
2 years ago
in States & Politics
Reading Time: 2 mins read
Mohammed
Share on FacebookShare on TwitterShare on Telegram

An ad-hoc committee of the House of Representatives is quizzing the Nigeria Ports Authority (NPA) over the sale of 16 vessels for N156.24 million in 2019.

Among the vessels were ML Pategi sold at N3.2 million; ML Misau sold at N1.06 million; PB Kabba sold at N5.4 million; SPB 3 sold at N54,000; and PC Shelleng sold at N48,000.

Documents before the committee also showed that NPA sold exotic vehicles like Ranger Pick-Up, Toyota Coaster Buses, Toyota Corolla cars, Toyota Hiace buses, Toyota Camry Salon Cars, among others at cheap prices

The documents equally indicated that NPA sold 45 million other items at the Apapa Port, Lagos in 2022 at N1 each, thereby collecting N45 million after the sales.

You May Like

NGO Rallies Coalition To Tackle Poverty In Akwa Ibom Oil Communities

Stakeholders Canvass Risk Mgt In Infrastructure, Enterprise Devt For National Growth

The property was sold through an invoice dated August 9, 2022.

The NPA also sold 10,800,700 other items at its Apapa Dockyard in 2021 also at the rate of N1 each, netting N10.800 million in the process.

The documents further showed that NPA sold 20 million scrap metals at the Kirikiri Terminal II, Apapa, at N1 each, thereby netting N20 million also.

Prof Julius Ihonvbere, chairman of the committee adjourned sitting on Wednesday to Sept. 25 to enable NPA officials to prepare answers to questions posed at them.

The officials were directed to bring along with them list of properties slated for auctioning and evaluation reports on the adjourned date.

Ihonvbere said the NPA officials should also present the committee with the names of registered property valuers involved in the transactions.

The officials were also directed to present the valuers’ reports and government approval for the sale of the property from the office of Bureau of Public Procurement.

The officials were also directed to present Certificates of No Objection to the sales by appropriate government agencies and evidence of remittances of accrued revenue into federal government’s coffers.

Ihonvbere also told the NPA officials to present bidding procedures, newspaper publications, selection and every other document that could assist the committee in its investigation.

The committee’s job is to unravel the extent of illegal auctioning of public property, non-remittance of revenue realised into the Consolidated Revenue Fund of the federal government from 2010 to 2022.

 

 

Tags: NPA
ShareTweetShare
Previous Post

TAJBank, CEO Win Global Islamic Banking Awards 2023

Next Post

Seplat Energy Flags Off 4th Edition Of STEP CSR Initiative

ANOTHER GOOD READ

Governor Umo, Others Get LEADERSHIP Awards
States & Politics

NGO Rallies Coalition To Tackle Poverty In Akwa Ibom Oil Communities

1 month ago
Stakeholders Canvass Risk Mgt In Infrastructure, Enterprise Devt For National Growth
States & Politics

Stakeholders Canvass Risk Mgt In Infrastructure, Enterprise Devt For National Growth

1 month ago
Bauchi Approves N872m PHC Counterpart Funds
States & Politics

Bauchi Approves N872m PHC Counterpart Funds

1 month ago
SMEDAN Trains 50 MSMEs On Best Practices In Delta
States & Politics

SMEDAN Trains 50 MSMEs On Best Practices In Delta

2 months ago
States & Politics

Jigawa Approves N15bn For Basic Education Programme

2 months ago
INEC Notifies Akpoti-Uduaghan Of Petition To Recall Her From Senate
States & Politics

INEC Notifies Akpoti-Uduaghan Of Petition To Recall Her From Senate

2 months ago
Next Post
Seplat Energy Flags Off 4th Edition Of STEP CSR Initiative

Seplat Energy Flags Off 4th Edition Of STEP CSR Initiative

Most Recent

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth

May 31, 2025
Adesina Set Unmatched Record At AfDB — Buhari

Adesina Set Unmatched Record At AfDB — Buhari

May 30, 2025
JUST-IN: Reps Pass Tax Reform Bills

Reps Threaten To Revoke Licences Of Defaulting Quarry Operators

May 30, 2025
AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment

AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment

May 30, 2025
JUST-IN: Tinubu Inaugurates New NNPCL Board

Tinubu Signs Executive Order To Cut Oil Project Costs, Boost Revenue

May 30, 2025
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT

Federal Gov’t Yet To Disburse 2025 Budget Funds — Fayemi

May 30, 2025
Pitcher Awards 2025: CBA Foundation Honored For Groundbreaking Widowhood Advocacy

Pitcher Awards 2025: CBA Foundation Honored For Groundbreaking Widowhood Advocacy

May 30, 2025
Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

Senate Approves N1.8trn 2025 FCT Budget

May 30, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy