Unremitted $49.8b: We are all guilty – Mark




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Unremitted $49.8b: We are all guilty – Mark



Senate President, David Mark, on Thursday said the National Assembly was guilty of not carrying out its oversight functions diligently before the former Governor of the Central Bank of Nigeria, Mallam Muhammadu Sanusi, raised the alarm.


Sanusi had accused the Nigerian National Petroleum Corporation (NNPC) of failing to remit $49.8billion oil revenue to the Federation account.


Mark spoke following the consideration of the report of the Senate Committee on Finance that investigated the allegation in Abuja.


The report which has generated much controversy was submitted by the Chairman, Senate Committee on Finance, Senator Ahmed Makarfi on May 28.


Mark commended the committee for presenting a courageous report based on the facts that were presented to it.


He said the committee was forthright by paying attention to details in the course of their investigation.


He lamented that the NNPC did not follow due process by disbursing unappropriated funds for subsidy payments.


He vowed that no matter before the 7th Senate would be swept under the carpet.


Mark said: “At the inception of the 7th Senate, I did say emphatically that there is no issue in this country that we cannot discuss as respected and distinguished Senators of the Federal Republic of Nigeria.


“If we have the courage to set up a committee nothing will stop us from taking the report of that committee and nothing will be swept under the carpet in this red chamber.


“I think what is glaringly from this report is that we are all guilty.  If the committees expected to carry out oversight functions on the NNPC were doing their job very well, we wouldn’t have needed the Governor of Central Bank to ring an alarm bell before reacting.”


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