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EXCLUSIVE: Audit Report Exposes N18 billion Fraudulent Expenditure Under Suspended NPA MD, Hadiza Usman In 2017




The final has not but been heard of the monetary misappropriations beneath Hadiza Bala Usman, the suspended Managing Director of the Nigerian Ports Authority, because the funds audit report has once more uncovered how over N18 billion expenditure couldn’t be defined beneath her watch between 2016 and 2017.


Within the paperwork obtained by SaharaReporters, that are from the audit of the Finances Efficiency Report (BPR) for 2016 and 2017, the NPA is being investigated for “Extreme Enhance in Administrative Expenditure and Operational Bills” by which the NPA incurred questionable bills to the tune of N18 billion.

The report acknowledged that there “was poor expenditure management in 2017 and excessive likelihood that the spending was not performed in financial method” beneath Usman.  

One of many paperwork reads, “As a part of the train, the group carried out an analytical assessment of the executive and operational bills incurred by the authority as contained within the Finances Efficiency Report for the 12 months 2016 and 2017.

“It was noticed that the overall expenditure reported by the Authority elevated astronomically by 128% from N87,474,781,088.00 to N198,989,352,119.00 in 2017. Of explicit concern was the Administrative Bills which elevated by 72% from N26,126,990,784.00 in 2016 to N44,937,334,999.00 in 2017.”

President Muhammadu Buhari had on Might 6 eliminated Usman because the Managing Director of the NPA for no acknowledged cause, however on the coronary heart of Usman’s suspension are infractions and bills which allegedly didn’t observe the due course of.

SaharaReporters had additionally reported that opposite to the claims by Usman in a press release she signed in response to reviews within the media, Usman, in response to paperwork, single-handedly awarded contracts, permitted contracts with out the data and approval of the supervisory Ministry of Transportation.

SaharaReporters had reported that some stakeholders within the Nigerian ports petitioned the Financial and Monetary Crimes Fee and the Inspector-Common of Police to research Usman over alleged disappearance of over N20billion beneath her watch.

In a petition signed by the stakeholders, Comrades Olayiwole Oke, Charles Dike and Musa Yola, and obtained by SaharaReporters, the stakeholders had famous {that a} “mind-boggling N20 billion of NPA’s monetary transactions between 2016 and 2018 couldn’t be traced, documented, or defined.”

They’d urged the businesses to hold out an in depth investigation of the NPA of their petition which they copied to the Workplace of the President, amongst others.

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