House of Representatives Committee on Public Petitions says it will investigate alleged missing 60.3 billion dollars Petroleum Profit Tax and Royalty revenues at the Central Bank of Nigeria (CBN).
Chairman of the committee, Mr Uzoma Nkem-Abonta (Abia-PDP), stated this on Wednesday in Abuja following failure by the CBN to appear before the committee to defend its submissions over the alleged infractions.
He said that the committee would conduct a public hearing as part of the process of investigating the allegation.
The allegation emanated from a petition by Mr Fidelis Uzonwani, a chartered accountant with Synergy Resources Nigeria Limited, to the committee.
Uzonwani, who appeared at the committee’s sitting, told the members that “from 2004 to 2016, over 60 billion dollars of petroleum profit tax and royalty revenues were unaccounted for by the CBN’’.
According to him, the CBN and the Federal Inland Revenue Service (FIRS) failed to appear before members of the committee to defend their submissions upon realising that their secrets have been unveiled.
“We discovered that something was going wrong and we approached the CBN to take actions to remedy those infractions but it remained adamant, probably that is how they benefit from the system.
“They have engaged in forgery and when in 2017 they were asked to produce the documents they made available to the Federal Government since 2006, they started manipulating them with computers.
“We discovered that the CBN adds naira and dollar into one column to arrive at a total.
“It is done even to the extent of taking money outside an account to a secret account and returning same at the end of the month after earning secret interests,’’ Uzonwani said.
Nkem-Abonta said because CBN, FIRS and Department of Petroleum Resources (DPR) had repeatedly failed to appear before the committee, “we will be left with no option than to work with materials before us’’.
“We will conduct a public hearing on the matter and we will compel them to appear because what we are trying to do is to have a situation where all the loopholes for leakages are blocked,’’ he said.
https://www.vanguardngr.com/2017/11/reps-flay-cbn-firs-alleged-missing-60bn-petroleum-profit-tax-revenue/

The level of corruption in civil service is mind boggling and mind numbing. Thank God for ICT that is blocking this loop holes everyday. TSA and IPPIS is doing wonders in this regard. no government parastastal should be exempted from this.

They are always investigating missing money in this country .

Even when it is found it goes missing again and another reinvestigation continues again and again.


NIGERIA MY COUNTRY

By d tym dis govt finishes with us, dey'll have replaced d national treasury with a wallet or handbag... Pighting Corruption in d media and with their mouths while behind d scenes its a festival of corruption going on unabated at every level

Nbote:
By d tym dis govt finishes with us, dey'll have replaced d national treasury with a wallet or handbag... Pighting Corruption in d media and with their mouths while behind d scenes its a festival of corruption going on unabated at every level

The missing money was between 2004 to 2016. When did this government enter. Read.

[s]

Nbote:
By d tym dis govt finishes with us, dey'll have replaced d national treasury with a wallet or handbag... Pighting Corruption in d media and with their mouths while behind d scenes its a festival of corruption going on unabated at every level

[/s]

Rushing to comment without comprehending the subject under discussion is an indictment on your education.

thief buhari again

[s]

tit:
thief buhari again

[/s]

Whoever stole your ability to comprehend really did you a great disservice.

vedaxcool:
[s][/s]

Rushing to comment without comprehending the subject under discussion is an indictment on your education.

I was actually waiting for morons like U before I go ahead... What happened to d leaked report of CBN's forex dealings where ppl were issued $ for as low as 67kobo to a dollar ?? U do know d DSS picked up d man who leaked dat report and dat is d last we had heard about both d man and dat report... Ur education if u actually had any has proven to b a waste considering U can't still reason

tinsel:

The missing money was between 2004 to 2016. When did this government enter. Read.

Let me refresh ur memory... A report was leaked sometime dis year about how d CBN under dis govt was shortchanging d country by trading dollar for as low as 61kobo... Let me remind us again

http://pointblanknews.com/pbn/exclusive/dss-still-detains-gbadamosi-exposed-govt-forex-fraud/
https://www.gistpals.com/gists/16766/8664/exposed-godwin-emefiele-s-shady-forex-deals

U ppl can kip fooling urselves for as long as u want

IBBG:

Uzonwani, who appeared at the committee’s sitting, told the members that “from 2004 to 2016, over 60 billion dollars of petroleum profit tax and royalty revenues were unaccounted for by the CBN’’.
According to him, the CBN and the Federal Inland Revenue Service (FIRS) failed to appear before members of the committee to defend their submissions upon realising that their secrets have been unveiled.

“They have engaged in forgery and when in 2017 they were asked to produce the documents they made available to the Federal Government since 2006, they started manipulating them with computers.
“We discovered that the CBN adds naira and dollar into one column to arrive at a total.
“It is done even to the extent of taking money outside an account to a secret account and returning same at the end of the month after earning secret interests,’’ Uzonwani said.

PDP's 16 years rule was a curse to Nigeria and Goatluck Jonaddaft was part of the whole 16 years as deputy governor, acting governor, substantive governor, vice president, acting president and substantive president. What an irony!

Nbote:
By d tym dis govt finishes with us, dey'll have replaced d national treasury with a wallet or handbag... Pighting Corruption in d media and with their mouths while behind d scenes its a festival of corruption going on unabated at every level

Buhari was in government between 2004 and 2016? You will just slump and die of hypertension over Buhari matter. Why don't you ask your ogogoro drinking ineffectual buffoon husband of the cantankerous sheppopo?

No body shld call this kind of figures again; otherwise I will look for bomb and destroy this self seeking politicians. This country only survive by the Grace of God.