Abdulwahab Isa 
The Fiscal Responsibility Commission (FRC) on Tuesday said it had no record of remittances by the Nigeria National Petroleum Company Limited (NNPCL) as expected by law.
The Chairman of the Commission, Mr Victor Muruako disclosed this at the ongoing probe to monitor revenue by Ministries, Departments and Agencies of the Federal Government.
He said, “Ours is just a plea as regards their remittance to the purse of the government, which is the CRF.
Represented by Mrs Victoria Adizou-Angakuru, the chairman lamented that “The Commission has observed that NNPCL has not really been having a good rapport with FRC.
“They have been meeting other agencies like RMFAC and OAGF to resolve disputes regarding their operating surplus remittances but they have never come to FRC for reconciliation.
“Our table shows that from 2007 to 2018 we have computed the liabilities against NNPCL but we are not saying these liabilities are still existing but we don’t have any evidence as against any remittance they could have made.
“We want to plead that they should also meet with FRC the custodians of the Act which these other agencies are using to determine their liability.”
But responding, the Chief Financial Officer of the NNPCL, Alhaji Umar Ajiya, said they had reconciled up to the point that they were no longer a corporation.
He said “As a corporation, we are obligated by law to remit operating surplus and we have evidence that we have remitted all that should be remitted”
Chairman of the House Committee on Finance, Hon. James Faleke, directed the NNPCL to reconcile its accounts and give feedback by next week Wednesday.
In a related development, the House of Representatives Committee on Finance has placed the National Social Insurance Trust Fund (NSITF ) on status enquiry from 2018 till date.
This followed inconsistencies in the submissions by the agency to the committee.
The Managing Director of NSITF, Mrs Maureen Allagoa, appeared before the committee but instead delegated the Director, Finance and Administration, Adedeji Adegoke to make a submission.
The committee queried the agency over discrepancies in the submissions and resolved to place it on status enquiry.
“In view of the various submissions available to us as a committee and the discrepancy noticeable in all of your submissions, I hereby move that a status enquiry be set to comprehensively the true position of the workings of your agency.
“The status enquiry is from 2018 to date. This means a comprehensive analysis of all their records. Get ready we are coming and can request any relevant documents anytime. We will not be giving you notice. Reconcile all your records,” Chairman of the committee, Hon James Faleke ruled.
