News
Alleged N13bn Fraud: Reps Threaten To Arrest PPPRA Boss
The House of Representatives Committee, yesterday, threatened to issue a warrant of arrest for the Executive Secretary of Petroleum Products Pricing and Regulatory Agency (PPPRA), Mr. Tony Okonkwo, if he failed for the third time on March 30, to honour its invitation on allegations that his agency failed to remit generated revenue from 2014 to 2019.
The Chairman of House Committee on Finance, Rep. James Faleke, issued the threat, yesterday, after his committee dismissed officials from the agency who appeared in a representative capacity.
It would be recalled that the House Committee on Finance had threatened early last month to effect the removal of the General Manager of Finance at the Petroleum Product Pricing Regulatory Agency (PPPRA), over alleged diversion of over N13billion of funds generated from operations of the agency in 2014.
The agency’s General Manager of Finance, Mr. Peter Joshua, who represented the Executive Secretary, told the committee that in the year 2014, his agency generated the only N2.8billion, even though, according to the lawmakers, PPPRA made about N13billion from 15k on every litre, deducted from sales of petroleum products.
Joshua, however, insisted that what his agency received from the actual revenue generated was only N2.8billion, with a balance of over N11billion still with the Nigerian National Petroleum Corporation (NNPC) and other marketers of petroleum products.
Joshua represented the Executive Secretary of his agency.
The House Committee on Finance became infuriated by the submission of Joshua, threatening to order his sack.
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