About N13.595b belonging to the Nigerian Ports Authority (NPA) is trapped in three commercial banks and the Treasury Single Account (TSA) in the Central Bank of Nigeria (CBN).
About $24.1million (N9.399billion at N390 to a dollar) of the sum was lodged with Heritage Bank. Nothing was said about it in the handover report given to the new Managing Director of NPA, Hadiza Bala Usman.
The cash was allegedly hidden by some forces from the new management team. Another trapped sum of €6million (N2.09billion) is […]