PPPRA accuses Budget Office of misrepresentation over unremitted N1.34trn revenue

The Petroleum Products Pricing Regulatory Agency, PPPRA, yesterday, described as false, claims by Budget Office that it failed to remit N1.34 trillion of its Internally Generated Revenue, IGR, to Consolidated Revenue Fund, CRF, domiciled in the Central Bank of Nigeria, CBN.

In a statement in Abuja, General Manager, Corporate Services of the PPPRA, Mr. Kimchi Apollo, accused the Budget Office of misrepresentation of facts, stating that all the revenue collected by it since its inception was less than 1.6 per cent of N1.34 trillion.

The statement read; “It should be noted that since inception of the agency, the revenue collected is less than 1.6 per cent of the above mentioned figure. Therefore, PPPRA, hereby, refutes the claims of failed remittance into the CRF account and describes the assertions as misleading.”

Source: Vanguard



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