Reps dismiss petition against NPA over alleged bad debt of 178bn

……Reps dismiss petition against NPA over alleged bad debt of 178bn

The House of Representatives has dismissed a petition accusing the Managing Director of the Nigeria Ports Authority (NPA), Mr Bello Koko of recording a bad debt of N178 billion in the audited financial statement of the authority in 2019.
A group, the Forum of Non-Governmental Organisations in Nigeria, had petitioned the House Committee on Public Petitions on the alleged bad debt.

However, at the resumed public hearing of the committee on Wednesday, the group failed to appear to defend the allegation.

Read Also: Reps dismiss petition against NPA over alleged bad debt of 178bn

The Chairman of the Committee, Rep Mike Etaba (APC -Cross River) dismissed the petition for lack of merit.

“This is the sixth time and the petitioner has not been in this place. The case is hereby dismissed,” Etaba said.

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NAN reports that the petitioner had requested the management of NPA to be invited to address the growth of the alleged debt from N135 billion in 2018 to N173 billion in 2024.

The petition in part reads that, ” Our attention has been brought to the 2019 audited financial statement of Nigeria Port Authority ( NPA) with special reference to Trade Accounts Receivable and the huge provision made for bad and doubt debts.

“Whilst we note that the position in 2019 would significantly changed by now, the poor quality of NPA’s trade receivable account is alarming and require urgent attention