A whopping sum of $5.1 million has been discovered by the leadership of the Nigerian Ports Authority, hidden in Heritage bank .
NPA Managing Director, Hajia Hadiza Bala Usman
The management of Nigerian Ports Authority (NPA) has recovered
$5.1million out of the sum of $24.1million it reportedly discovered
“hidden” in Heritage Bank upon assuming office in July, ShipsandPorts
reports.
This was made public yesterday in Lagos by the NPA Managing
Director, Hajia Hadiza Bala Usman who confirmed the return of
$5.1million by Heritage Bank into NPA’s Treasury Single Account with the
Central Bank of Nigeria (CBN). She said efforts were ongoing to
retrieve the balance from the bank.
She further revealed that private companies and government agencies
owe NPA about N10billion and $585million (N180billion). She however
admitted that part of the amount could be classified as bad debt as it
had been outstanding for more than 10 years.
She said, “We cannot have contractors collecting our money and
not do what is required. We have directed our procurement department to
put in place structured framework which will be signed where contractors
will be blacklisted from future contracts in the Nigerian Ports
Authority and we have also discussed this with the Bureau of Public
Procurement to convey our concerns with the fact that we are having
contractors that are not performing on their contracts.”
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