TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

NPA’s failure to remit N713bn – Punch

The Citizen by The Citizen
June 10 2014
in Public Affairs, Uncategorized
A A
0

With Nigerians yet to come to grips with the absurdity of the Nigerian National Petroleum Company not remitting billions of dollars of oil income to the national treasury, another public corporation has been fingered for engaging in the dubious act. Last week, the National Conference Committee on Finance told a shocked plenary that the Nigerian Ports Authority had failed to remit N713 billion to the Federation Account over six years.

This is impunity at its worst. It is a reckless regime of sleaze that has weighed down Nigeria’s maritime industry from playing a leading role in West Africa. A combination of pervasive corruption and mismanagement has relegated our maritime industry to an also-ran in the sub-region, when, with its trade volume, it should be the hub of the shipping industry.

All the NPA board members, spanning the six-year period in question, have to be called to account. In a country which has the worst figure – 10.54 million – of out-of-school children in the world, according to UNESCO’s 2013 report, this fund would go a long way in giving these children a secure future. The unpaid funds could also build top-class social infrastructure in a nation where roads and health infrastructure are totally decrepit. This scenario makes it critical that all the withheld money be recovered and efficiently deployed in making the country better. Those who broke the law should also be prosecuted.

Citing lack of transparency in the operations of the NPA, the committee’s report is a disturbing sign of the degeneracy within revenue-generating public institutions in Nigeria. It said the NPA generated N91 billion in 2009 but remitted N5.2 billion; raked in N102 billion in 2010 but paid only N3.5 billion to government; and made N120 billion in 2011 and remitted just N1 billion. In 2012, the NPA reportedly made N128 billion but remitted only N17.8 billion to government coffers, generated N131 billion in 2013 and remitted N3.2 billion, while N172 billion has been realised up to May this year without any remittance so far.

A major loophole that makes the operations of the NPA fraud-prone is the law that set it up. Section 14 (1) of the NPA Act that permits the authority “to set aside from its revenue, appropriate amounts for replacement, contingencies and other purposes…” is instructive. So also is the subsequent provision, which states that the NPA may, “with the approval of the Minister,” (of Transport) determine how to spend its “reserve funds.” Successive NPA boards and managements have hidden under this law to plunder at will.

This is clearly in conflict with the 1999 Constitution. The NPA has been acting above the law, denying the federating units of their much needed income. NPA, therefore, has to be tamed. Like every other organisation, its operations should be in line with the constitution, which states that any money generated must first be paid into the Federation Account before distribution to the relevant units of government. The constitution affirms its supremacy in Section 1 (1), and states further in subsection 3, that “if any other law is inconsistent with the provisions of this constitution, this constitution shall prevail and that other law shall to the extent of the inconsistency be void.”

Unfortunately, the NPA and the NNPC are not the only culprits in this illegal withholding of public funds. Agencies such as the Central Bank of Nigeria, Federal Airport Authority of Nigeria and the Nigerian Maritime Administration, regularly tamper with revenues before remitting whatever is left to the Federation Account.

The National Assembly is, therefore, complicit in this unfolding saga, as it cannot claim ignorance of the injurious legislation that gives the NPA a self-accounting status. It should not take a parliament, where excessive reward is the order of the day, forever to amend this law, and make the NPA accountable to the taxpayer. Indeed, the parliament must earn its keep by amending all the other laws governing revenue-generating public agencies so that a recalcitrant body like the NNPC would not commit more havoc after already spending more than N600 billion as so-called subsidies on kerosene and over N2 trillion on petrol subsidy in 2011.

If properly run, the ports are a source of huge revenues for the country. To curb the excesses of the NPA, the National Assembly and the executive arm of government must deal with the corruption that is emasculating port operations in Nigeria. The graft in the organisation shows in the poor development of infrastructure and the notoriously tardy downtime in clearing goods.

According to “Corruption Risk Assessment in Nigerian Ports,” a study conducted by the Independent Corrupt Practices and Other Related Offences Commission last year, Nigerian ports are “swimming in corruption and (are) manned by unqualified personnel.” Consequently, the rot at Nigeria’s ports is the gain of ports in Benin Republic, to which importers turn to escape corruption and delays that are a way of life here.

This alarming situation tallies with the 2013 audit report of the United States Coast Guard on port operations in Nigeria. Threatening to lead a boycott of our ports if things – especially security – failed to improve, the USCG, in that evaluation, said Nigerian ports “seem like a regular market- place where all kinds of people have unrestricted access, while broken down vehicles litter the ports’ access roads.”

Almost a year after the report, things have not changed. The ministries of Finance and Transport, under whose purview port operations lie, should carry out a transparent, holistic review of the NPA, handing out specific terms of engagement to the organisation.

The National Assembly should swiftly bring the laws governing the NPA in line with global best-practices, while all those who have soiled their fingers in the handling of the N713 billion unremitted funds should be prosecuted to deter others.

Also, the federal, states and local governments should use the available legal instruments to force the NPA to remit the money so that they can have access to their fair share for development in their domains.

Previous Post

Funding the Judiciary – Thisday

Next Post

Troubling road accident statistics- The Sun

Related Posts

Nigeria’s damning food affordability crisis – Punch
Public Affairs

Nigeria’s damning food affordability crisis – Punch

November 2 2026
Four states hold high-level talks to tackle insecurity
Public Affairs

Boko Haram compounding Nigeria’s case – Punch

October 23 2026
Nigeria’s inflation rate falls to 15.43% in July
Public Affairs

Economic stability must become shared prosperity – Punch

October 22 2026
Nigeria’s vote-buying scourge – Punch
Public Affairs

Nigeria’s vote-buying scourge – Punch

October 21 2026
Perils of LG Electoral Commission – Punch
Public Affairs

Yes, voters, not courts, must decide elections – Punch

October 20 2026
Tariff hike: Electricity workers lock out minister, issue 14-day ultimatum
Public Affairs

Don’t involve civil servants in politics – Punch

October 16 2026
Next Post

Troubling road accident statistics- The Sun

Uzoenyi is good replacement for Echiejile –Ekpo

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Fasoranti: Family announces Dec 17 for funeral

Fasoranti: Family announces Dec 17 for funeral

by The Editor
October 23 2026
0

...

Ooni, Omisore mourn Afenifere leader Fasoranti

Ooni, Omisore mourn Afenifere leader Fasoranti

by The Editor
October 21 2026
0

...

Minister defends King’s College concession, cites infrastructure decay

Minister defends King’s College concession, cites infrastructure decay

by The Editor
September 16 2026
0

...

Lagos demolishes shanties after four die in community clash

Lagos demolishes shanties after four die in community clash

by The Editor
August 30 2026
0

...

APPOINTMENTS

Enugu APC releases updated campaign council list

by The Editor
October 31 2026
0

...

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

Gov. Okpebholo elevates ex-BBNaija housemate to adviser

by The Editor
October 22 2026
0

...

CJN swears in 68 new SANs

CJN swears in 68 new SANs

by The Editor
October 12 2026
0

...

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

Enugu governor names Nollywood’s Eucharia Anunobi, Rachael Okonkwo aides

by The Editor
September 23 2026
0

...

ODDITIES

US pastor marries second wife, says monogamy unbiblical

US pastor marries second wife, says monogamy unbiblical

by The Editor
October 26 2026
0

Indian man assaults truck drivers in Lagos

Indian man assaults truck drivers in Lagos

by The Editor
October 13 2026
0

US engineer caught on camera poisoning colleague’s water bottle

US engineer caught on camera poisoning colleague’s water bottle

by The Editor
October 12 2026
0

GLOBAL NEWS

Russia agrees to ban recruitment of Ghanaian nationals for Ukraine war

Russia agrees to ban recruitment of Ghanaian nationals for Ukraine war

by The Editor
November 2 2026
0

...

Britain shouldn’t apologise for slave trade; Africa profited, says Kemi Badenoch

Britain shouldn’t apologise for slave trade; Africa profited, says Kemi Badenoch

by The Editor
November 2 2026
0

...

UK to charge varsities $1,200 per Nigerian, other foreign student from 2028

UK to charge varsities $1,200 per Nigerian, other foreign student from 2028

by The Editor
October 27 2026
0

...

Trump seeks US ban for Norwegians over Nobel Peace Prize snub

Trump seeks US ban for Norwegians over Nobel Peace Prize snub

by The Editor
October 27 2026
0

...

Netanyahu orders army to prepare for full West Bank closure after attack

Netanyahu orders army to prepare for full West Bank closure after attack

by The Editor
October 23 2026
0

...

State of the States

Delta SUBEB denies N13.4bn unspent funds claim

Delta SUBEB denies N13.4bn unspent funds claim

by The Editor
October 31 2026
0

...

Ogun State mulls relocation of communities over gas leak

Ogun State mulls relocation of communities over gas leak

by The Editor
October 23 2026
0

...

Gombe confirms cholera outbreak, treats 74 patients

Gombe confirms cholera outbreak, treats 74 patients

by The Editor
October 21 2026
0

...

Ogun pensioners demand gratuities, pension increases

Ogun pensioners demand gratuities, pension increases

by The Editor
October 9 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
PGF denies report of Uzodimma’s removal as chairman

Why Enugu will vote for APC candidates in 2027 – Gov. Mbah

November 2 2026

Gov. Otti Judo Tourney begins in Umuahia

November 2 2026
Police probe discovery of beheaded teenager’s body in Cross River

Police probe discovery of beheaded teenager’s body in Cross River

November 2 2026
National Assembly proposes more legislative seats for women

National Assembly proposes more legislative seats for women

November 2 2026

EDITORIAL REVIEW

Nigeria’s damning food affordability crisis – Punch

Nigeria’s damning food affordability crisis – Punch

by The Editor
November 2 2026
0

Four states hold high-level talks to tackle insecurity

Boko Haram compounding Nigeria’s case – Punch

by The Editor
October 23 2026
0

Nigeria’s inflation rate falls to 15.43% in July

Economic stability must become shared prosperity – Punch

by The Editor
October 22 2026
0

Nigeria’s vote-buying scourge – Punch

Nigeria’s vote-buying scourge – Punch

by The Editor
October 21 2026
0

Perils of LG Electoral Commission – Punch

Yes, voters, not courts, must decide elections – Punch

by The Editor
October 20 2026
0

Opinion

NAFDAC mops up Europharm products nationwide

What is a Nigerian’s life worth?

by The Editor
November 2 2026
0

...

Blackouts: Broken promises, powering failure – Punch

The revenge of Band A

by The Editor
October 27 2026
0

...

2027: Wike, APC governors clash over Rainbow Coalition

Why are governors getting worse?

by The Editor
October 13 2026
0

...

As we celebrate the girl-child, let us not forget the boy-child

As we celebrate the girl-child, let us not forget the boy-child

by The Editor
October 12 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.