Politics

BREAKING: Reps dismiss petition against NPA over alleged N178 billion bad debt

The House of Representatives has dismissed a petition alleging Boko Koko, the managing director of the Nigeria Ports Authority (NPA), of recording a bad debt of N178 billion in the audited financial statement of the authority in 2019.

Regarding the claim, the Forum of Non-Governmental Organisations in Nigeria had petitioned the House Committee on Public Petitions on the alleged bad debt.

However, the group failed to appear to defend the accusation at the public hearing of the committee.

Rep. Mike Etaba (APC -Cross River), the chairman of the committee, 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,” Mr Etaba said.

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 reads in part: “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 doubtful debts.

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