- Revenue of the Department of Petroleum Resources (DPR) exceeds target Budget by 36% in 2014
Department of Petroleum Resources (DPR) through the Director, Mr. Sarki Auwali, has clarified the issue of underpayment in the cost of collection to the Federal Inland Revenue Service.
He stated this before the House of Representatives Public Accounts Committee in Abuja on Thursday, 3rd December, 2020.
Auwali explained that the revenue generated by DPR from 2010-2015 exceeded the target on revenue collection.
“It is important to note that from 2010 to 2015 we made 141, 170, 146, 129 and 135 per cent in revenue respectively. By this, in the year under review that is 2014, the DPR collected revenue over and above the budget by 36 per cent,” he said.”
Following the report by the office of the Auditor-General of the Federation (AGF) stating a variance between the budget and actual revenue figures by revenue collecting agencies. The House Representatives Committee on Public Accounts had summoned the DPR to clarify the issue.
In reaction to this report, Auwali clarifies that DPR had remitted the 4% underpaid revenue the following year, December 2015.
“An initial shortfall of N94.794 million being outstanding of cost of collection for the period November 2014 was recorded.
“However, the sum of N4.923 million and N60.458 million were paid on Dec. 23, and Dec. 30, 2014, respectively,” he added.
He further states that the outstanding N29.411 million was included in the payment of N2.549 billion being the four per cent of COC on total collection of N63.002 billion in Feb 2015.
The Chairman of the committee, Rep. Woke Oke commended the Mr. Sarki Auwali, Director DPR for a detailed and clear explanation:
“We have no claim against you, this is very clear and straight forward.”