Connect with us
study in Ukraine

Nigerian Newspapers

Misuse of N1.51tr special funds jolts Senate

Published

on

• Seeks two-year jail term for offenders

• Rejects alleged move to scrap UTME, NECO

AN alleged misuse of N1.51 trillion has prompted the Senate to process a bill seeking a minimum jail term of two years for public officials who abuse special funds’ accounts.

The bill, targeted at ensuring transparency in the use of the special funds, also seeks a N500,000 fine.

The Senate is also processing an Act to amend the Public Procurement Act to provide for a time-frame of 60 days within which the Bureau for Public Procurement (BPP) must conclude the procedure for due process to enhance easy and fast budget implementation.

The Senate also yesterday described the alleged government’s plan to scrap the National Examinations Council (NECO) and the Unified Tertiary Matriculations Examination (UTME) as a policy somersault that was capable of stalling progress in the educational sector.

Speaking through its Chairman, Committee on Education, Uche Chukwumerije, the upper legislative chamber advised the government to focus on key problems of the sector, which include access, quality, funding and institutional management rather than spend energy and resources attempting to scrap the two examination bodies.

According to Chukwumerije, if the proposed scrapping is implemented, it will not require a seer to forecast a reversal of fortune in the educational sector in the next five years.

The special funds’ accounts are the Stabilisation Account, Ecology Account and Natural Resources Account.

The bill, sponsored by the Chairman of the Senate Committee on Public Accounts, Lawan Ahmed, and five others, also stipulated, among others, that “approvals for funds from the Stabilisation Fund Account shall be subject to recommendation by the National Economic Council (NEC).”

It also provided that “the Accountant-General of the Federation shall prepare and submit to the National Assembly, not later than March 31 in each year, a report on the activities and projects undertaken with funds from the special funds accounts during the preceding year.”

A recent investigation by the Senate into the management of the special funds accounts showed that the operations of some of the accounts were grossly abused.

The Senate Committee on Public Accounts, which carried out the probe, stated that within the period of 10 years, which the investigation covered, N1.51 trillion accrued to the three accounts. Of this amount, N580.01 billion was released as a loan out of which N347.997 billion is yet to be recovered from various loan beneficiaries.

“A total of N329,329,745,916 was granted as a loan out of which N200,790,991.64 is still outstanding under the Natural Resources Account.

“In the Derivation and Ecology Account, a total of N61,000,000,000.00 was granted as a loan out of which N30,000,000,000.00 is still outstanding, “the report further revealed.

The report, which would be debated after the resumption of the Senate from its Easter break, stated among others that:

• “Several approvals of funds from the Special Funds Accounts do not conform to the purposes for which the funds were established;

• “There were no operational guidelines for the administration, regulations, approvals and procedure for the release of money from the funds;

• “The funds are practically being operated as loan granting pools;

• “Several beneficiaries of the funds utilise the fund for purposes that are not contemplated by the motives for the funds; and

• “The socio-economic development and environmental integrity of Nigeria are threatened by the continuous misapplication of the monies from the Special Funds Accounts to unrelated purposes.”

The Senate had in a motion to draw attention to the deteriorating situation in the solid minerals sub-sector of the economy, heard that the Natural Resources Fund, which is 1.68 per cent of the Federation Account meant for the funding of solid minerals development, had never been used for the purpose.

A senator alleged that in 2012, over N250 billion of the funds was withdrawn and utilised for different reasons.

The Stabilisation Fund Account is to provide for unforeseen contingencies and economic downturn while the Derivation Ecology Fund Account is to intervene and co-ordinate the general ecological problems in the country.

On the Public Procurement Amendment, a bill sponsored by Senator Danladi Sankara, which has already been admitted by the Senate, states among other things:

“The Public Procurement Act is hereby amended to stipulate specific time-frame of sixty days within which to complete all procedures for “Due Process.”

It stated that all “Due Processes” for any contract should be concluded within sixty days from the date of advertising the projects by the Ministry, Department or Agency (MDA).

The bill, which is one of those awaiting debate as soon as Senate resumes, seeks to provide further legislative frame-work for improved budget implementation by trying to speed up the processes that would facilitate timely projects execution by contractors within the financial year.

The Guardian learnt that this was one of the ways in which the Senate tries to provide solution to the perennial face-off between the Legislative and the Executive arms of government on poor budget implementation.

————————————————————————————————————————-
Posted in Nigerian Newspapers. A DisNaija.Com network.

Source: Guardian Newspaper

DisNaija.Com publishes regular posts on Nigeria News, Nigerian Newspapers, Online Nigeria Gist.

Follow us on Twitter and Facebook.


Your Opinion Counts. Be sure To Leave A Comment, If You Have Any.

Please Like, Share or Tweet. Your Support Is Appreciated.

Tribune

Nigeria records 55 new COVID-19 infections, total now 165,110

Published

on

By

Tribune Online
Nigeria records 55 new COVID-19 infections, total now 165,110

The Nigeria Centre for Disease Control (NCDC) has recorded 62 new cases of COVID-19, bringing the total number of infections in the country to 165,110. The NCDC disclosed this on its official Twitter handle on Friday. “55 new cases of #COVID19Nigeria; Lagos-21, Yobe-19, Ogun-6, Akwa Ibom-3, Kaduna-2, Plateau-2, FCT-1, Rivers-1.” YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE COVID-19: Nigeria Recorded […]

Nigeria records 55 new COVID-19 infections, total now 165,110
Tribune Online

Sourced From: Tribune Online

Continue Reading

This Day

Military, Police Ring Abuja to Forestall Boko Haram Attack

Published

on

By

•Deploy more personnel as army chief vows to wipe out terror group
•Security beefed up at N’Assembly

Deji Elumoye and Kingsley Nwezeh in Abuja

Abuja, Nigeria’s seat of power, is under a massive security cordon following threats of attacks by insurgents and the increasing wave of banditry in the contiguous states of Kaduna, Kogi, Nasarawa and Niger States, THISDAY’s investigation has revealed.

There has been a wave of kidnappings in the outskirts of the federal capital, notably Pegi, Tuganmaje and Kuje among others, which the police have battled in recent times.

The security situation in and around the Federal Capital Territory (FCT) was heightened by the pronouncement of the Niger State Governor, Mr. Sani Bello, that Boko Haram fighters who he said sacked 50 villages in the state and hoisted the terror group’s flag, were about two hours drive away from the FCT.

Security has also been beefed up at the National Assembly as operatives, yesterday, thoroughly screened every vehicle approaching the National Assembly complex in Abuja.

The deteriorating security situation nationwide prompted the National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, to warn that the 2023 general election may not hold, demanding the declaration of a state of emergency as well as the convocation of a national conference.
However, the Chief of Army Staff, Lt. Gen. Ibrahim Attahiru, yesterday restated the Nigerian Army’s determination to annihilate Boko Haram.

But the Governor of Katsina State, Hon. Bello Masari, cautioned against declaring a state of emergency, saying doing so isn’t the solution to combat the security challenges facing the country.
The security of the nation’s airports was also in focus yesterday as the Office of the National Security Adviser (ONSA) said there was no threat to them.

THISDAY’s investigations showed increased presence of troops, police, Nigerian Security and Civil Defence Corps (NSCDC) personnel and intelligence operatives at the three strategic entrances to the city notably, Keffi, Zuba and Gwagwalada.

More checkpoints were also mounted around Gwagwalada and Keffi.
THISDAY also observed increased intelligence deployment at the entrance and the borders of FCT with contiguous states.

Beyond the borders, there were more deployments and police patrols inside the city and increased intelligence deployments as well.
Security sources told THISDAY: “There are deployments here and there but they are routine. Alertness is key to a secure environment.”

It was also learnt that security agencies were involved in frenzied meetings throughout yesterday.
The meetings, coordinated by the office of the Chief of Defence Staff under the new joint operational strategy of the armed forces, were aimed at coordinating a joint response to possible threats of attack to the FCT.

“I understand the security teams have been meeting for some days now and if you look around you, you will notice that there are increasing patrols and numbers of security personnel. The threats are not been taken lightly,” a source said.

National Assembly workers, lawmakers and visitors also had a harrowing experience accessing the legislative complex due to heightened security in the area.
Security operatives thoroughly screened every vehicle approaching the National Assembly complex in Abuja, impeding both human and vehicular traffic.

The Sergeant-at-arm of the National Assembly and other security agencies supervised the operations, leading to huge traffic build-up inside the complex.

Legislative staff, visitors and lawmakers were seen patiently waiting for their cars to be searched so that they could go ahead with the business of the day.
Some staff and visitors at some point got tired of waiting and were seen alighting from their cars to trek from the gate to the complex.

Meanwhile, the ONSA has said there is no threat to the nation’s airports.
A statement by the Head of Strategic Communication, Mr. Zachari Usman, said the reports of threats to the airports were an internal correspondence of security threat assessment misconstrued as security threat to the airports.

PDP Demands State of Emergency

In a related development, the PDP National Chairman, Prince Uche Secondus, yesterday demanded the declaration of a state of emergency, warning that the 2023 general election might not hold if the federal government failed to tackle insecurity.

He called on the federal government to summon a national conference to address the spike in insecurity.
Secondus added that the national caucus of the party will meet today to discuss the state of the nation.

Addressing members of the National Executive Committee (NEC) in Abuja, Secondus said: “We are worried Abuja is not even safe. It is no longer politics. We got alert of plots to bomb and burn down our airports.

“We urge the federal government to declare a national state of emergency in security. There is the need to call a national conference to discuss the insecurity in the country.

“There may not be any election in 2023 in Nigeria due to insecurity. This government must listen to the people. The Buhari government should call a national confab to discuss security and state of the nation. It is no longer politics. This time we are not playing politics. Let’s keep politics aside and move the nation forward.”
He said the country had been grounded, regretting that there had been no matching response from the federal government.

Secondus said in the past, terrorism in the North was confined to the North-east, but with the report of Boko Haram occupying villages in Niger State, terrorism had spread to the North-central
“Herdsmen are also menacing in the West; gunmen causing havoc in the East; and the militants in the South; all killing, looting, raping, maiming and burning down homes. The situation is bad; Nigerians all over are living in fear,” he said.

The Senate Minority Leader, Senator Enyinnaya Abaribe, said the problem of Nigeria was outside of the PDP headquarters, while pledging the support of the Senate to the declaration of state of emergency in security.

Abaribe said he deliberately decided not to speak on the floor of the Senate but to allow the APC senators to speak so as to avoid being accused of giving a partisan colouration to the issue of insecurity.

He stated that only electoral reforms would give victory to the opposition party in the 2023 general election and ensure a democratic defeat of the APC-led federal government.
Also, the Minority Leader of the House of Representatives, Hon. Ndudi Elumelu, commended the NEC and the PDP leadership for their collective efforts at resolving the House leadership crisis.

The NEC meeting adopted the position of Secondus, calling on the federal government to convoke a national conference to discuss the state of insecurity in the country, according to a communiqué read by the National Publicity Secretary, Mr. Kola Ologbondiyan.

Army Chief Vows to Wipe Out Boko Haram

The army yesterday reiterated its commitment to wipe out Boko Haram.
Chief of Army Staff (COAS), Lt. Gen. Ibrahim Attahiru, told reporters in Maiduguri, Borno State that Boko Haram had been defeated in many encounters and would continue to be defeated until it’s annihilated from Nigeria.

“We will take on Boko Haram decisively, and we are committed to the focus of the operations, which is the total annihilation of Boko Haram from Nigeria,” he said.

The COAS, who was visiting the headquarters of Operation Lafiya Dole in Maiduguri for the fifth time since his appointment four months ago, said the visit was to boost the morale of the troops, reassure them and listen to any issues affecting them.

Earlier, the Theatre Commander of Operation Lafiya Dole, Maj. Gen. Farouq Yahaya, lauded the visit, which he said had continued to boost the morale of the troops.
“We are honoured, we are grateful, we are encouraged by those visits. You provided us guidance, logistics and other things we required. We are most grateful for those visits,” Yahaya said.

State of Emergency Won’t Solve Security Challenges, Says Masari

Katsina State Governor, Hon. Aminu Masari, has, however, said declaration of a state of emergency won’t solve the security challenges facing the nation.
Masari, who spoke yesterday with journalists after meeting with the Chief of Staff to the President, Prof. Ibrahim Gambari at the State House, Abuja stated that he was against the recent call by the House of Representatives for the declaration of a state of emergency in the security sector as it would not solve the problem.
According to him, declaring a state of emergency will not achieve the desired effect as the security structure and personnel to be used to execute the emergency are already overstretched in a bid to safeguard lives and property.

Sourced From: THISDAYLIVE

Continue Reading

The Nation

UFC: Usman gets N584m after beating Masvidal

Published

on

By

Kamaru Usman has raked in a mammoth £1.1million, about N584.2 million after his impressive knockout victory over Jorge Masvidal on Saturday night, Sportivation.com.ng reports.

The Nigerian Nightmare has been handsomely rewarded for his stunning performance and he was the best-paid fighter on the card which was witnessed by 15, 000 fans in Florida.

According to Daily Mail, Usman earned £538,000 to show up, £459,000 pay-per-view bonus, a £43,000 sponsorship bonus and a well deserved £35,000 Performance of the Night bonus.

Jorge Masvidal also earned £358,000 to show, £186,000 in pay-per-view money and a £28,000 sponsorship bonus.

This is the biggest payday of Usman’s career so far and the Welterweight champion also benefited from the fact that Masvidal is also a top draw for the fans.

Kamaru Usman is a Nigerian-American professional mixed martial artist, former freestyle wrestler and graduated folkstyle wrestler.

Sourced From: Latest Nigeria News, Nigerian Newspapers, Politics

Continue Reading

Premium Times

Insecurity: Lagos bans occupation of abandoned buildings

Published

on

By

The government said that no worker should stay back beyond 6:00 p.m. within premises of buildings undergoing construction.

The post Insecurity: Lagos bans occupation of abandoned buildings appeared first on Premium Times Nigeria.

Sourced From: Premium Times Nigeria

Continue Reading
Advertisement study in Ukraine

Politics

Popular Posts