ADVERTISEMENT
  • Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Sunday, September 21, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Reps C’ttee Asks NEPZA To Refund N13.3bn To Federation Account

by Adebayo Waheed
3 years ago
in News
NEPZA
Share on WhatsAppShare on FacebookShare on XTelegram

The House of Representatives he directed the Nigerian Export Processing Zones Authority (NEPZA) to refund to the federal government coffers, the sum of N13.3 billion unremitted revenue funds.

Advertisement

The ad-hoc committee of the House investigating  unclaimed government funds also asked NEPZA to provide copies of validated receipts of financial transactions including it’s remittances to government

But the director of finance and administration, NEPZA, Oyesola Oyekunle at the hearing  insisted that the agency was not in any way indebted to the federal government as all revenues generated over time have been paid to government up to date.

Oyekunle, however, contradicted himself when he told the lawmakers that since NEPZA is not fully funded, it remits only 25 per cent  generated revenue to government and has paid N3.93 billion last to government, making it to be up to date in payment between the period under review which is the year 2000 to date.

According to the director, the agency operates under a circular issued by the ministry of finance and not stipulated extant financial laws as expected by the committee hence the remittance percentage to government

Related News

Youth Coalition Tasks South-East Governors On Open Grazing Ban

11 minutes ago

Trauma And Tears: Oworonsoki Residents Share Demolition Horror Stories

16 minutes ago

The lawmakers insisted that the N13.3 billion arrived at was calculated based on the 80 per cent  revenue remittance provisions to government as contained in the financial act and not based on the circular.

Consequently, the committee adjourned for a later date to enable NEPZA reconcile their audited documents with that of the committee’s consultants to come up with a common position so as to enable the agency clear off its outstanding debt.

Join Our WhatsApp Channel

Tags: NEPZA
SendShare10172Tweet6358Share

Other News Updates

News

Youth Coalition Tasks South-East Governors On Open Grazing Ban

2025/09/21
Feature

Trauma And Tears: Oworonsoki Residents Share Demolition Horror Stories

2025/09/21
Backpage

Any Need To Relieve Lagos Ports?

2025/09/21
Business

Afriland Towers Adequately Insured As Firm Reviews Coverage Details

2025/09/21
Business

NAFDAC Intercepts Fake Cosmetics Products Worth N500m In Lagos

2025/09/21
Business

WACT-APM Terminals Renovates Teachers’ Quarters In Host Community

2025/09/21
Leadership Conference advertisement

LATEST

Youth Coalition Tasks South-East Governors On Open Grazing Ban

Trauma And Tears: Oworonsoki Residents Share Demolition Horror Stories

Any Need To Relieve Lagos Ports?

Afriland Towers Adequately Insured As Firm Reviews Coverage Details

NAFDAC Intercepts Fake Cosmetics Products Worth N500m In Lagos

WACT-APM Terminals Renovates Teachers’ Quarters In Host Community

ICSAN Pushes For Policy-Driven AI Adoption To Reform Governance

Yola DisCo Offers Free Eye Surgery, Medication To Communities

Savannah Energy To Acquire Norfund’s Stake In Klinchenberg BV For $65.4m

Nigeria’s E-commerce Market To Exceed $16bn By 2030 Amid Digital Transformation

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
    • Football
  • Health
  • Entertainment
  • Education
  • Opinion
    • Editorial
    • Columns
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.