The House of Representatives has issued a 96-hour ultimatum to the Chief Executive Officer of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe, over allegations concerning revenue leakages totaling N32,151,775,466.87 accrued to the coffers of the Commission on behalf of the Federal Government between 2015 and 2022.
Speaking during the investigative hearing on Thursday, Chairman of the House Committee on Public Accounts, Hon. Bamidele Salam, expressed grave concerns regarding reported revenue leakages and non-compliance with standard operating procedures.
During the review of the documents submitted to the Committee, the lawmakers alleged that the sum of N909,392,169.74 had been transferred directly to private accounts held with Deposit Money Banks without adhering to TSA protocols.
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