Business Hilights

Tracking Nigeria's Headline Business News Online

NPA MD Usman
Banking/Investments

NPA denies running hidden $1bn account in any bank

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

Following the leakage of the petition against the AGF by a whistleblower over delays in paying his cut in line with the policy after giving tips that the Nigerian Ports Authority (NPA) had a secretly ran dollar account with not less than $1bn, the maritime agency has vehemently put up a strong denial.

The said petition was by one Mr. John Okpurhe to President Muhammadu Buhari, protesting denial of remuneration as a Whistleblower.

However, the Authority made the rebuttal in a statement issued by the Authority’s image-maker and General Manager, Corporate and Strategic Communications, Mr. Jatto Adams, stressing that the account the petitioner referred to actually contained only $1 million, instead of $1 billion.

“The Management of the Nigerian Ports Authority is aware of media reports based on a petition by one Mr. John Okpurhe to President Muhammadu Buhari.

“The petitioner accused the Attorney General of the Federation, Mr. Abubakar Malami (SAN) of allegedly refusing to reward him after exposing over $1bn supposedly hidden in an account with Unity Bank Plc and allegedly operated by the Nigerian Ports Authority.

“The Authority hereby states that the allegations that it operates such an account are untrue.

“Mr. Okpurhe, claiming to be a whistleblower cited an account number: 0013680344 allegedly being operated by NPA but this account does not exist as evidenced by a letter from Unity Bank Plc.

Continuing, the agency averred that “The NPA operates an account with Unity Bank Plc with account number: 0013670344 with a total sum of $1,057,772.03 (One Million, Fifty-Seven Thousand, Seven Hundred and Seventy-Two Dollars, Three Cents) as of December 4, 2019 and not $1,034,515,000.00(One Billion, Thirty-Four Million, Five Hundred and Fifteen Thousand United State Dollars) as alleged by the petitioner.

“However, the NPA account has not been in operation since August 27, 2010 due to a Suit No: FHC/L/CS/582/2010 GARNISHEE ORDER NISI in AMINU IBRAHIM & CO & ANOR. VS. NIGERIAN PORTS AUTHORITY where a garnishee order was placed on it following a case, which went from the Federal High Court to the Supreme Court over a period of eight years.

“Upon the determination of the case at the Supreme Court, the judgment creditors continued with the Garnishee process which resulted in the credit of the amount $1,057,772.03 (One Million, Fifty-Seven Thousand, Seven Hundred and Seventy-Two Dollars, Three Cents) in favour of Suit No: FHC/L/CS/582/2010 GARNISHEE ORDER NISI- AMINU IBRAHIM & CO & ANOR. VS. NIGERIAN PORTS AUTHORITY on December 4th 2019 in line with the Garnishee Order absolute.

“It is therefore obvious that there is no cloned account as speculated in the alleged whistle blowing effort of Mr. Okpurhe.

“The account under discussion was frozen on the strength of a court order in August 2010, following the completion of the case, the money was consequently transferred to the judgment creditor on December 4, 2019 in line with the Garnishee Order Absolute”, NPA maintained.

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.