Senate Committee considers cancellation of debts owed by state-owned enterprises, operators, others
Senate Committee considers cancellation of debts owed by state-owned enterprises, operators, others
Segun Oladipupo
The Senate Committee on Public Accounts is considering writing off legacy debts owed the Nigerian Ports Authority (NPA) which date back to 20 years
The Committee chaired by Senator Wadada on Thursday, while meeting with the Managing Director of NPA, Mr. Mohammed Bello-Koko ND his management team, to review the debts,
In a message posted on his X handle, the NPA boss maintained that the debts arose from encumbered areas, debts owed by state-owned enterprises, operators, among other claims.
The MD who did not disclose the amount of the debt said, “Earlier today, my team and I appeared before the Senate Committee on Public Accounts, led by Senator Wadada, to review the legacy debts of @nigerianports.
“These legacy debts date back over 20 years, arising from encumbered areas, debts owed by state-owned enterprises, operators, among other claims.
“The Senate Committee assigned a sub-committee to review the debts and find a lasting solution—possibly a write-off, similar to the decision of the House Committee on Public Accounts of the 9th Assembly.”
