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Senate threatens to report CBN, NNPCL, NCAA, others to presidency for failing to defend indictment in Auditor General’s report

The Nigerian Senate Tuesday threatened to report the Central Bank of Nigeria, CBN, the Nigeria National Petroleum Company Limited, NNPCL and other critical revenue generating agencies to the presidency for necessary sanction for failing to defend their indictment in the report of the Auditor General for the Federation.

The Senate Committee on Public Accounts chaired by Senator Aliyu Ahmed Wadada speaking at a press conference on Tuesday, expressed shock at how some billions of naira left government coffers, which the affected agencies needed to account in line with legislative provisions that empowers the parliament to investigate.

Wadada said Auditor General’s report which was humbly submitted to the Committee unearthed rots in some agencies of government, that it takes only irresponsible parliament not to conduct public investigations.
He was appalled at how these agencies conspire together to have taken decision not to honour Senate Committee invitations.
According to Wadada, the Central Bank of Nigeria, Nigeria Customs Service, Federal Inland Revenue Service, FIRS, the Nigeria National Petroleum Company Limited, NNPCL top invitation snub, while he threatened that the Senate would report heads of these agencies to President Bola Ahmed after another magnanimous opportunity.
The lawmaker who was flanked by all members of the Co mmittee at the briefing said: “All efforts to get Nigeria Custom Service to the table to know how did this happen, what is the way forward. We are still where we were from day before yesterday to now.
“The Central Bank of Nigeria, I have course on one of the issues that I’ve got to do with Central Bank of Nigeria, I have course to take it on the floor of the Senate.
“It is important for Nigerians to know, under the so-called Ways and Means. What happened under Ways and Means why Central Bank of Nigeria, debited borrower and credited borrower.
“Central Bank of Nigeria, debited consolidated revenue funds account and credited treasury single account. Which amounted to over 30 trillion.
“Consolidated revenue funds account is government’s account. And the TSA is also government’s account. And in charging the interest, instead of the interest to be charged to treasury account, they went again ahead to charge the Treasury account.
“They went again ahead to Treasury account. charge Consolidated Revenue Funds account which now have amounted to over 6 trillion.
According to him, there were correspondences between the Committee and Minister of Finance and Coordinating Minister of Economy and the Debt Management Office, DMO because of the faulty document which they were not ready to answer and have been evasive.
He said the report of the Auditor General for the Federation which the affected agencies are running away from covered 2019 till date.
The lawmaker further listed Nigeria Satellite Communications Limited which has been invited nine times, but failed to appear, Nigeria Police Force, Nigeria Civil Aviation Authority, among many others as snubbing Senate invitation.
