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Senate : Fed Govt misappropriated N1.52tr special funds in 11 years

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•Ministries, state governments, Ghana, Sao Tome and Principe are beneficiaries

The Senate yesterday condemned the alleged misappropriation and abuse of N1,518,871,357,426.64 special funds by the Federal Government.

Its condemnation followed the consideration of the report of the Senate Committee on Public Account. The report is entitled: “Status inquiry into the Special Funds Accounts.”

Committee Chairman Senator Ahmed Lawan (Yobe North) said the funds accrued to the Federal Government between 2002 and June 30, 2012.

Senate President David Mark insisted that the development was an indictment on the National Assembly, nothing that it was unimaginable that the lawmakers looked the other way since 2002, giving the executive the free hand to misapply such huge funds.

He described this development as a wake-up call on the legislators to take their oversight functions more seriously.

Mark said: “The problem of the fund is that aside lack of guidelines; we have also, through committees responsible, not taken pains to oversight how the funds are utilised.

“That is truly an indictment on the National Assembly; it is a wake-up call on National Assembly to do its works properly.

“If we have been following the funds since 2002, it would have been addressed earlier.

“It is right to look at these ones to see how the disbursements relate to areas they were disbursed.

“In all, we shared in the blame in these disbursements.

“We urge the committees to go back and look at those ones that were not misapplied and find out who has paid back loans and those that have not paid back.

“Also, for all intent and purposes, those who have taken loans from it should be asked to pay back.

“This report has nothing to do with political parties and our contributions showed that all of us are displeased with what happened.

“It is in the national interest that this kind of thing is not allowed to continue.

“We need to go by the draft bill which was proposed to spell out how the funds should be disbursed.”

Lawan, in his presentation, listed the special fund accounts maintained by the Federal Government to include: the three per cent Development of Natural Resource Account (DNRA); 1.46 per cent Derivation and Ecology Account (DEA) and the 0.72 per cent Stabilisation Account (SA).

He stated that N1,24trillion was the total payments from the accounts as at June 30, last year.

Of the total accruals, he said N580 billion was released as loan while N348 billion is yet to be recovered from the various loans beneficiaries.

Lawan said: “The operation of the Natural Resources Account is grossly abused because several releases under this account were not related to the intendment of the account.

“A total of N329, 329,745,916 was granted as loan, out of which N200,585,790,991.64 is still outstanding under the Natural Resources Account.

“Under the Derivation and Ecology Account, a total of N61billion was granted as loan out of which N30billion is still outstanding.”

He lamented that there were monumental abuses under the three accounts.

Lawan said of the N873,400,023,790.19 that accrued to the DNRA, the sum of N701,489,494,960.61 was released.

He said the amount released was and 100 per cent abused.

According to him, the abuses under the DNRA were N612 million payment of JVC contribution deducted from Akwa Ibom grant in 2002; the sum of N1.3 billion loan granted Derivation Escrow Account in 2003 and N50billion loan to finance deficit in 2004 fiscal budget; the N3.75 billion loan to the Ministry of Foreign Affairs for the purchase of a Chancery in Tokyo in 2004; and the N865 million loan to National Health Insurance Scheme for Identity Cards Production in 2005.

Others include: the N452 million loan to Federal Government of Nigeria as payment to African Development Bank (AfDB) for the purchase of shares in 2005; the N2 billion loan granted for payment to Gitto Construczioni Generale Nigeria Limited in 2005; the N5.7 billion loan granted the Ministry of Power and Steel as payment of disengagement benefit of steel workers in 2005; N15 billion loan granted the Federal Ministry of Water Resources for Gurara Water Project – second payment in 2005; the N10 billion loan for payment of October- December 2005 arrears of monetised fringe benefit in all Federal Government Parastatals in 2006; the N11 billion loan to Federal Airports Authority of Nigeria (FAAN) – Aviation infrastructure intervention fund account to address the infrastructure problems in the aviation sector in 2006; and the N20 billion loan to Federal Ministry of of Works against 2007 appropriation for the dualisation of Abuja-Lokoja Road and dualisation of Kano-Maiduguri Road in 2006, among others.

The senator added that of the N389,983,433,066.07 that accrued to the Derivation and Ecology Account (DEA), N329,866,978,289.92 was released, lamented that N149,881,359,210, representing 45 per cent of the amount released was abused.

According to him, some of the abuses include the N200 million loan to the Presidential Research and Communications Unit in 2002 and the N500million loan to the Edo State Government in 2002.

He said N7.5 billion was loaned to the Nigerian Air Force through the Ministry of Defence’s Capital Account for some projects and N10million for the building of abattoir in Bida, Niger State – through the Secretary to the Government of the Federation (SGF) Ecological Fund Account in 2003.

Lawan added that N1 billion was released to the Ogun State Government for the Construction of Badagry-Igboho Road (Atan-Isaga Section) in 2007.

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Source: The Nation Newspaper

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Tribune

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

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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

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This Day

Military, Police Ring Abuja to Forestall Boko Haram Attack

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•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

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The Nation

UFC: Usman gets N584m after beating Masvidal

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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

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Premium Times

Insecurity: Lagos bans occupation of abandoned buildings

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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

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