The Senate on Friday blasted officials of the Department of Petroleum Resources (DPR) over the agency’s poor remittance into the Consolidated Revenue Fund last year.
DPR remitted only N445billion out of N2.4trillion generated during its operation into the account last year.
At the ongoing interactive session on the 2021- 2023 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) organized by the Senate Joint Committee on Finance and National Planning, the Chairman of the committee, Solomon Adeola, requested to have records of the DPR internally generated revenues in 2019 and projections for 2021.
In his response, the Director of DPR, Engr. Sarki Auwalu, told the lawmakers that the agency generated N2.4trillion last year but remitted N445 billion into the Consolidated Revenue Fund.
Sarki was represented at the forum by the DPR Head of Planning, Johnson Ajewole.
READ ALSO: Nigerian to vie for seat in US Senate
The agency’s Head of Finance and Accounts, Mrs. Lilian Ufondu, was also at the interactive session.
The senators, who were unhappy with the disparity in the funds generated and remitted by DPR, described the director’s submission as unacceptable.
Efforts by the DPR finance director to explain the disparity also failed to pacify the lawmakers.
She said: “Out of the N2.4trillion generated by DPR in 2019, N88billion was removed as a 4 percent collection fee. From this, N5.72billion was remitted while the balance was used for overhead.”
She, however, failed to give satisfactory answers to questions on what happened to the over N2trillion balance.
The lawmakers, who were obviously unhappy with the distorted presentation of the DPR records, ordered the agency director and other top officials to reappear at the session next Tuesday.
Adeola said: “Information and records presented to us by both directors or heads of departments that have spoken are not clear and insufficient as regards the budget performance of DPR within the last three years and revenue projection for 2021.
“For this committee to do a proper and thorough job, comprehensive records of such budget performances must be made available latest by Monday next week, upon which your director and other top management staff, will appear before us again on Tuesday next week.
“Also, well-detailed proposals for revenues generated by the agency for 2021-2022 must be included in the expected comprehensive records.”