News
Govt Orders Forensic Audit Of NNPC, 80 Other Agencies
The National Economic
Council (NEC) rose
from its 65th meeting
on Thursday in Abuja,
with a resolution to engage two
audit firms to conduct forensic
audit on 81 government revenue
generating agencies.
The approval followed
submission of an interim report
by the ad hoc committee of
NEC, chaired by Gov. Adams
Oshiomhole of Edo, to review
the management of the Excess
Crude Account and remittances
into the Federation Account.
The governors of Jigawa,
Baderu Abubakar; Anambra,
Willie Obiano; Lagos,
Akinwumi Ambode; and
the Minister for Budget and
National Planning, Udoma Udo
Udoma, said this in their joint
briefing to journalists.
According to Mr. Ambode,
18 core revenue generating
agencies, such as NNPC,
will be audited by KPMG, an
international audit firm, while
an indigenous firm, SIAO, will
audit other non-core revenue
generating agencies.
The governor said that NEC
would take further action on
the agencies after the firms had
completed the forensic auditing.
The Jigawa governor said
that the Accountant-General
of the Federation reported to
council that as at Dec. 31, 2015
the Excess Crude Account stood
at $2.26 billion.
The governor said that
the Central Bank Governor,
Godwin Emefiele, informed
the council of the standing of
the bailout funds given to states.
He said that 23 states had
benefitted from N10 billion
each, Excess Crude Accountbacked
soft loan, while 28 states
benefitted from the presidential
bailout for the payment of
salaries and gratuities.
Gov. Obiano gave a report
concerning some MDAs
collecting revenue in foreign
currency and remitting in local
currency into the Federation
Account.
Mr. Obiano said the
permanent secretary, Ministry
of Finance, reported that besides
NNPC, NIMASA and NPA,
other agencies involved in such
practice were FIRS, Shippers
Council, Airport Authority and
Nigeria Immigration Service.
Mr. Obiano said that the
official reported that the
introduction of the Treasury
Single Account (TSA) had
resolved the problem as all
account was now under the CBN.
He also said that Vice
President Yemi Osinbajo, who
presided at the NEC, reiterated
the Federal Government’s policy
that NNPC and other agencies
must present budget for approval
before spending in line with the
TSA.
Mr. Udoma hinted on
the 2016 budget focus of the
administration, saying that
plans were on to foster macroeconomic
stability conducive to
the grow of the GDP at 4.2 per
cent.
He said the budget’s objective
was to deliver inclusive growth
to Nigerians, create sufficient
jobs and build an economy less
vulnerable to oil price shocks.
According to Mr. Udoma,
while the government intends
to ensure more revenue drive, it
will not increase taxes, but strive
to raise the collection of VAT
Emefiele from its 20 per cent level.(NAN)
News
Pius Akutah’s Alleged Fraud at Nigerian Shippers Council Uncovered
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
*
News
Pius Akutah’s Alleged Fraud at Nigerian Shippers Council Uncovered
Investigations by Nigerian Concord Newspaper reveal that the Executive Secretary of the Nigerian Shippers Council, Mr. Pius Akutah, has allegedly misappropriated public funds for a lavish lifestyle.
According to our findings, within months of assuming office, Akutah allegedly purchased a bulletproof SUV valued at approximately N850 million. In addition, he is reported to have acquired over twenty exotic SUVs for use as a convoy.
Akutah is also said to have acquired multiple high-value properties, including three in Abuja’s Maitama and Asokoro districts worth over N2 billion, and two in Lagos’ Banana Island valued at N1.8 billion. These acquisitions appear far beyond the scope of his official salary and allowances.
Further investigation suggests that Akutah may be using public funds to support political ambitions, including allegedly grooming militants across 23 local government areas in Benue State for a potential 2027 gubernatorial bid.
Staff of the Shippers Council reportedly claim that Akutah frequently accesses the council’s treasury without proper authorization. Some insiders have indicated that a petition will soon be filed with the EFCC, ICPC, and the Presidency to report his alleged misconduct.
*
News
Special Birthday Wishes to Zege Mule U Tiv & Wazirin Adamawa
I am writing to felicitate with Your Excellency, Atku Abubakar, GCON, former Vice-President of Nigeria (Zege Mule u Tiv & Wazirin Adamawa)
on the occasion of your 79th birthday anniversary.
I join your teeming admirers globally in celebrating you on this special day, an adorable Statesman and my Boss.
I recall with nostalgia, how countless generations have benefited from your generosity, wealth of experience and benevolence including being my key benefactor even as a young lawyer for my professional success.
Your Excellency, may your special day be filled with grandeur befitting your illustrious career.
I wish you continued success, prosperity, and an unending stream of accolades.
It takes a remarkable kind of fortitude to remain active in public life well into one’s golden years. Your dedication and patriotism remain truly exceptional.
May you enjoy a day of reflection on your many years of fruitful service to humanity. It is my prayer that God Almighty grants you many more healthy, fruitful, and fulfilling years ahead, and continues to endow you with wisdom, strength, and the grace to keep contributing to our nation-building.
Happy Birthday, Your Excellency.
Michael Kaase Aondoakaa SAN.
Former Attorney General of the Federation and Minister of Justice
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