Last week, news broke out that the Managing Director (MD) of the Nigerian Ports Authority (NPA), Ms Hadiza Bala Usman, has been suspended pending investigation of allegations that remittances of NPA's operating surpluses from 2016 to 2020 were "far short of the amount due," with the Minister of Transportation, Rotimi Amaechi, claiming that there is an unremitted balance of N165 billion.
The suspended MD vehemently disagreed on the basis that the rules the minister applied for calculating the amount to be remitted were inapplicable. The crux of the issue concerns complicated financial accounting and illustrates the never-ending lack of transparency and accountability in government agencies.
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