Senate panel slams Nuclear Regulatory Agency for spending unapproved N367m

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    The Senate Committee on Petroleum (Upstream) has accused the Nigerian Nuclear Regulatory Authority (NNRA) of spending N367 million without approval.

    The Senate panel chaired by Tayo Alasoadura (APC-Ondo central) disclosed that the agency generated N490 million as Internally Generated Revenue (IGR). He noted that the IGR was generated between January and November this year.

    The panel also said the Agency remitted only N122.6m to the Federation Account and spent the rest without budgetary provision.

    Also speaking, Baba Garbai (APC-Borno Central) said the Agency violated the country’s law by spending the money without approval of the National Assembly.

    “You must have the approval of the National Assembly before spending the IGR. What you have done is an infraction of the law that provides that no money is spent without being appropriated for.”

    Alasoadura therefore demanded for details of how the IGR was spent.

    “In preparing this, there is no key to show why 25 percent is remitted and you did not show the balance. What did you do with the balance because it is not captured in the Budget?

    “I know what the law says but in preparing your Budget, you should be explicit about why you remit only 25 percent of your IGR. Where is the balance? Did we appropriate that money? We didn’t appropriate the money,” he said.

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