OFFICE THE HONOURABLE MINISTER FEDERAL MINISTRY OF TRANSPORTATION HEADQUARTERS, BUKAR DIPCHARIMA HOUSE Central Business District, Off 3rd Avenue, P.M.B. 0336, Abuja 4th March, 2021
FM4 AlDFA/OMP/1/01

The President Federal Republic of Nigeria State House Abuja

REMMITANCE OF OPERATING SURPLUS TO THE CONSOLIDATED REVENUE FUND ACCOUNT (CRF) BY THE NIGERIAN PORTS AUTHORITY FROM 2016 - DATE

It has been observed from the records submitted by the Budget Office of the Federation that the yearly remittance of operating surpluses by the Nigerian Ports Authority from year 2016 to 2020 has been far short of the amount due for actual remittance (see the tables attached). In view of the above I wish to suggest that the financial account of the activities of Nigerian Ports Authority be investigated for the period 2016 to 2020 to ascertain the true financial position and the outstanding unrernitted balance of One hundred and sixty five billion, three hundred and twenty million, nine hundred and sixty two thousand, six hundred and ninety seven naira only (N165,320,962,697).

PRAYERS; Approve that the account and remittance of NPA in the period of 2016 — 2020 be audited to account for the gross shortfall of remitted public funds.

RT Hon. Chibuike Rotimi Amaechi
Honourable Minister


Reference:
PRES/99/MT/34
The Hon. Minister. Ministry of Transportation, Central Business Area. Abuja.
STATE HOUSE, ABUJA, NIGERIA.
17.2021
RE: REMITTANCE OF OPERATING SURPLUS TO THE CONSOLIDATED REVENUE FUND ACCOUNT (CRF) BY THE NIGERIAN PORTS AUTHORITY FROM 2016 - DATE

Reference:
A. Letter FMT/F 6 A/OF/AMP/I/01 dated 4th March. 2021.
1 write to forward Reference A to you and to convey to you Mr. President's approval of your prayers 2. Submitted for your further action. please.
Prof. Ibrahim A.Gambari .


2019 — 2020 Remittances
The Audit of the 2019 Financial Statement has been completed and awaiting consideration of the Authorities Board at which point the final figures for the 2019 operating surplus will be determined for consequent computation of the amount due for remittance to the CFR. But thus far the Authority has made a remittance of N31.683 billion for the 2019 remittance while the sum of N51.049 billion has also thus far been remitted for 2020 while awaiting the audited of the financial statement to determine the final amount required for both 2019 and 2020 at which point the Authority will make the payment of the balance as required. (Attached is are the treasury receipt for the respective payments).

Based on the above, we wish to clarify the following:

1. The Authority's computation of its remittances to the CFR are concluded arising from numbers from Audited Financial Statements using the template forwarded to the Authority from the Fiscal Responsibility Commission as herewith attached and not budgetary provision 2. That the Authority has remitted the full amount due it to CFR for the periods 2017 and 2018 arising from the Operating Surplus derived from the Audited Financial Statement for the period totaling N 76.384 billion as evidenced in attached treasury receipts. 3. That the Authority has remitted a total of N 82.687 billion for the period 2019 and 2020 pending the audit of the financial statement at which point the amount so computed arising from the value of the Operating Surplus in the audited financial statement will be remitted to the CFR.

We wish to request that the Chief of Staff requests the Office of the Accountant General of the Federation who are the statutorily custodian of status of payment to the CRF to provide clarification on the above so as to establish the true position of the Authorities remittances to the CFR
Respectfully Submitted
Hadiza Bala Usman Managing Director/CEO

Food for thought

Government nor dey use ear hear remittance, tax, revenue...

Do not allow what has a solution be a problem to you. For erectile/sperm issues use https://www.nairaland.com/3152927/testimonies-100-herbal-tea-cure+weak-organ&quick+release

Indecisive..

Ok

Hadiza's cup was full and runneth over

Wonderful!
Akwukwo Apostle Amaechi degaara Ndi Ephesus bi na Aso Rock.

Ok

abi hadiza no gree give ameachi puna...

That's their problem let them enjoy it.....we move

Bunch of hypocrites

APC is evil

End of the road

Won't be surprised if the story is true. Low oil prices means that government is suddenly looking more and more at remitances from all the agencies. What would have passed during the days of oil being above $100 per barrel is now criminal in these days of low oil prices.

But when all is said and done, Nigeria's economy is still in trobule. We need more than just remitances. We need to change our economy from being an oil dependent economy to being an economy dependent on iundustrial production. And it involves us making hard choices...choices that no Nigerian wants to make because it affects our pocket.

Who cares?

O k a y

This suspension is not enough.. But at least it's a step in the right direction

Real power tussle, make them dey handle their matters. The issue that concern us all is the issue of security.

But Buhari can not read na

Will she be protected? aPC no dey prosecute their criminals

What should I say now?

Too bad

Nawa o

Satanic party

nice one

Oga Ameachi is the supervising minister , he should have queried that with her directly, instead of reporting to Baba, but let me just keep quiet and watch as the episode ends.

PerfectlyPerfect:
Food for thought

Nnayi-uku... how does this affect matter written above?

Those quotes were made by these men that couldn't solve the problem at that time. Your ancestors didn't solve the problem, is now you that will.

Come bia, Read American civil war and what it was all about. It was way worse than our matter, but they still solved the problem and became a world power.

If you are man, don't you think God gave you that blockos other things rather than to fxxk and reproduce. You are a man. Think man, Think...

Maxymilliano:
Hadiza's cup was full and runneth over

Do not be quick to judge. What is 160billion NGN?
Amaechi don turn born again overnight, a bi?

jackcanfield:
Oga Ameachi is the supervising minister , he should have query that with her directly, but let me just keep quiet and watch as the episode ends.

Me sef just weak...