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Tuesday, October 27, 2026
Polaris Bank Strengthens Cancer Advocacy Through Sustained Community Impact
Reps Shun Money Laundering Petition Against NNPC Executive
Tinubu Writes NASS, Asks For  Fresh Approval To Borrow $20.5bn, €1.05bn
Green Energy Financing Helps Nigerian SMEs Cut Power Costs And Boost Productivity

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Polaris Bank Strengthens Cancer Advocacy Through Sustained Community Impact
Reps Shun Money Laundering Petition Against NNPC Executive
Tinubu Writes NASS, Asks For  Fresh Approval To Borrow $20.5bn, €1.05bn
Green Energy Financing Helps Nigerian SMEs Cut Power Costs And Boost Productivity

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  • Trouble Looms At NPA As Reps Probe Whistle Blower $1bn Secret Account Claim
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Trouble Looms At NPA As Reps Probe Whistle Blower $1bn Secret Account Claim

News Rangers6 years ago6 years ago02 mins

LAGOS JULY 3RD (NEWSRANGERS)-The House of Representatives has resolved to investigate the alleged secret account being kept by the Nigerian Ports Authority with a balance of over $1bn.

The move followed the unanimous adoption of a motion of urgent public importance moved by Mr Kolawole Lawal at the plenary on Thursday.

The motion was entitled, ‘The Need to Investigate the Alleged Illegal Secret Account Opened by the Nigerian Ports Authority in Unity Bank to Collect Revenue from Vessels’.

Consequently, the House mandated the Committees on Finance; and Ports and Harbours to “investigate these allegations and counter-allegations, determine if the Nigerian Ports Authority or any of their personnel committed any infractions.”

The lawmaker said the whistleblower alleged that the information he gave to the OAGF led to the exposure of an illegal secret account in a Lagos branch of Unity Bank, where the sum of $1,034, 516,000 was kept, contrary to financial regulations and the Constitution.

He said the whistleblower also alleged that the information was verified and approved by the OAGF as qualified for financial reward, as prescribed under the whistleblower policy of the Federal Government.

Lawal noted that based on the advice of the OAGF, a written agreement was reached between a representative of the whistleblower, Mamman Maiyaki & Co. Legal Practitioners, and the office as evidence of the transaction.

The lawmaker also noted that the NPA, in response to the allegation, admitted it operates an account with a Lagos branch of Unity Bank with Account Number 0013670344 and a balance of $1,057,772,000.03 as of December 4, 2019, but denied the sum of $1,034,515,000.03 as alleged by the whistleblower. Punch

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