The Public Accounts Committee of the House of Representatives has clarified that, contrary to reports, it has not accused the Nigeria Upstream Petroleum Regulatory Commission, NUPRC, of involvement in a N32 billion revenue leak scandal or failure to comply with Treasury Single Account protocols.
The Chairman of the Public Accounts Committee, Bamidele Salam, in a statement today explained that the committee had not made any allegations of financial misconduct against the NUPRC, asserting that the committee conducts thorough scrutiny and does not issue conclusions without extensive evaluation.
Recent media reports had claimed that the Committee had identified a N32 billion revenue leak in the NUPRC’s revenue records for the Federal Government between 2015 and 2022, with another N909.3 million transferred directly to private accounts within deposit money banks without adherence to TSA protocols.
However, in his response, NUPRC Chief Executive Gbenga Komolafe expressed confidence in the NUPRC’s records, stating that all necessary documents had been provided to the committee to counter the allegations.
