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FG lauds Kwara for financial transparency, management

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  • Says Kwara’s compliance with IPSAS, a model for others

Stephen Olufemi Oni, Ilorin

Kwara State Government on Thursday got an accolade from the Federal Government for being transparent in the handling of public funds and in compliance with the International Public Sector Accounting Standards (IPSAS).

The Accountant General of the Federation, Dr Oluwatoyin Madein, gave the commendation in Ilorin at the 44th Retreat of the Federal Account Allocation Committee (FAAC’s) Sub-committee on IPSAS’ implementation.

IPSAS is an acronym of the International Public Sector Accounting Standards which the Federal Government approved for adoption with effect from 28th July, 2010.

The AGF specifically praised Governor AbdulRahman AbdulRazaq for his commitment to public financial management that she noted serves as a model.

She said the choice of Kwara for the retreat was based on the exemplary performance of the state government, which she said has been transparent in the account reporting system.

“Our choice of coming to Kwara to have this retreat is based on the efforts and performance of the Kwara state government in the preparation of financial statements. The government of Kwara has been standing out among other states of the federation in being compliant with the IPSAS,” she said.

“As I mentioned earlier in my opening remarks, Kwara has been wonderful. In fact I personally put it aside to look at it in handling that of the federal government’s, because they’ve really done far and deep. And I commend the Executive Governor of the state for doing this, and for supporting the Ministry of Finance and the Accountant General of the state to be able to achieve this milestone”.

Madein, who is equally the Chairman of the Sub-committee for FAAC on IPSAS implementation, said the programme was aimed at reviewing the performance of all three tiers of government in Nigeria with respect to compliance to IPSAS realization, expressing satisfaction on the progress recorded so far.

“IPSAS is a way of boosting the accountability and transparency of the government to the entire world. Once the financial statements are IPSAS compliant it is very easy for it to be used by anybody in the globe because it is in tandem with global practice. That is the main reason why we are working hard to ensure that this is attained by the three tiers of government. And we are happy that we have recorded lots of progress on it,” she said.

AbdulRazaq, in his remarks, said the progress made by his administration on IPSAS is a product of hard work, resilience and the unwavering support of various public officers and other key stakeholders.

He said the retreat is a moment for the government to reflect on its achievements, share experiences, and learn from one another to strengthen the financial management systems of the administration.

“The implementation of IPSAS has provided us with a standardized and transparent framework that has improved the accuracy and reliability of our financial reporting. This, in turn, has enhanced our decision-making processes and increased public trust in our governance,” the Governor said through his Special Adviser and Counselor Alhaji Sa’adu Salau.

“Our commitment to IPSAS reflects our dedication to transparency, accountability, and efficiency in public financial management. The journey has not been without its challenges, but our commitment to prudent management of public resources has made us achieve notable milestones”.

While appreciating the FAAC Sub-committee for their support and guidance throughout the journey, AbdulRazaq urged the participants to engage actively, share valuable insights, and collaborate to identify innovative solutions that will advance our IPSAS implementation effort

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Groups condemn sponsored protests, media attacks against ex-NNPCL boss Kyari

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Coalition Of Civil Society Organisations In Nigeria (COCSON) and Bloggers and Vloggers, Content Creators Association (BAVCCA) have warned against politically engineered protests against the immediate past Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Malam Mele Kyari, who “served the nation faithfully.”

In a statement jointly signed on Thursday by COCSON’s National Mobilisation Officer Comrade Tabuko Kennedy and BAVCCA’s Spokesperson Efe John Abayomi, the two groups urged President Bola Tinubu to overlook undue distraction from enemies of his administration while rejecting a calculated attempt to malign the person and office Kyari hitherto held concerning the $2 billion crude-for-loan deal.

COCSON and BAVCCA chided agents of mischief and fake news merchants over baseless media attacks on the former NNPCL GCEO while urging anyone with genuine proof of Kyari’s wrongdoing while in office to present it through proper legal channels and not through sponsored headlines and mob protests.

The groups maintained that Kyari has done everything a true patriotic and honest leader can do. In a very difficult economic crisis and Part of the solution to Nigeria’s foreign exchange challenge, a puzzle that nearly crumbled the economy.

The statement read in part:

“We will not sit back and watch a reformer be sacrificed on the altar of politics. We call on our progressive President Bola Ahmed Tinubu to remain steadfast and not allow these desperate tactics to distract his government from the broader goal of sanitizing the petroleum sector.

“If anyone has genuine proof of wrongdoing, let them present it through proper legal channels — not through sponsored headlines and mob protests.

“Mele Kyari has done everything a true patriotic and honest leader can do. In a very difficult economic crisis, He stood for the greater good of all Nigerians instead of a few cabals. He has been Part of the solution to Nigeria’s foreign exchange challenge, a puzzle that nearly crumbled the economy.

“Let us be clear: this is not a scandal — it is a structured misrepresentation of a standard commercial transaction that predates this administration and has been carefully supervised under the regulatory and sovereign structures of the Federal Government of Nigeria.

THE TRUTH THEY WON’T TELL YOU:

“The $3.3 Billion Crude-Backed Loan Was a Sovereign Deal: This transaction, executed in collaboration with Afreximbank and backed by the Federal Government, was designed to stabilize Nigeria’s foreign exchange reserves and provide a buffer against economic shocks — not to “mortgage Nigeria’s future” as ignorantly portrayed by politically motivated street protesters hired by ungrateful elements working against the progressive leadership of President Bola Ahmed Tinubu.

“Kyari Was Not Acting Alone: Every stage of the crude-for-loan framework was vetted by relevant agencies — including the Ministry of Finance, Debt Management Office, and the Attorney General’s Office. Kyari was executing national policy, not personal ambition.

“No Missing Crude, No Diversion of Funds: There is zero evidence of crude diversion, missing shipments, or financial misappropriation. All proceeds and repayment schedules are transparent, documented, and auditable. Anyone who has a valid case should first present proof of his claims instead of taking Nigerians’ collective sense of judgment for a ride.

“Kyari Has Been Nigeria’s Most Transparent NNPC Boss in Decades: Under Kyari’s leadership, NNPC was transitioned into a commercially-run, limited liability company. For the first time in NNPC’s history, its books are published, audited, and made public. That’s not corruption — that’s reform.

PRESIDENT TINUBU REPOSES TRUST IN MELE KYARI
“On January 8, 2025, President Bola Ahmed Tinubu commended the former NNPCL GCEO, Mallam Mele Kyari, on his 60th birthday, praising his service and integrity. In the President’s words, “Kyari is a shining example and embodiment of the ideals of the Renewed Hope Agenda. I commend his commitment to creating new opportunities and ensuring the growth and sustainability of Nigeria’s energy sector.” This statement, made soon after Kyari’s exit, makes it clear that his departure was not a dismissal but a smooth transition, with his legacy of reforms and achievements in the oil and gas sector fully recognized and appreciated at the highest level.

“The Protest Is Politically Engineered: We have credible information that certain vested interests, threatened by the sanitization of the oil sector, are sponsoring protests and media hysteria to derail reforms and force Kyari out.

“We stand with Mele Kyari. We stand for due process. We stand for national interest.”

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KAM Holding GMD Felicitates Emir Of Ilorin On 85th Birthday

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  • Describes Emir As Harbinger Of Hope, Development

Stephen Olufemi Oni, Ilorin

The Group Managing Director of
KAM Holding Ltd, Dr. Kamoru Yusuf, has felicitated the Emir of Ilorin, Alhaji Ibrahim Sulu-Gambari on the occasion of his 85th birthday.

Yusuf, in a congratulatory message, praised the Emir for being an harbinger of hope and development.

The business mogul expressed delight that the reign of Sulu-Gambari has brought unparalleled development to Ilorin Emirate and Kwara State as a whole.

Yusuf added: “It is heartening that Allah has preserved Your Highness for us to cover this mileage with truckload of accomplishments in all spheres of human endeavour.

“No doubt, Ilorin has grown to be a Cosmopolitan City during your reign, and this is an attestation to Your Highness’s pragmatic leadership. With the level of growth and development in Ilorin among its contemporaries, I am of implicit confidence that what has been achieved is just a precursor for more goodies in the offing.

“On behalf of my family, management and staff of KAM Holding Limited, I congratulate Your Highness and wish you longevity of life with sound health.”

Ends

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Fire Destroys Newly Built Female Hostel at Sokoto State University

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A newly constructed female hostel at Sokoto State University was engulfed by fire on Tuesday, causing panic among students and staff.

The blaze, which started around 3:30 p.m., completely destroyed the building, which had been built to ease accommodation challenges. While the cause remains unknown, a student noted that those initially assigned to the hostel had already been relocated before the incident.

Confirming the fire, the Students’ Union President said firefighters arrived at the scene by 5:00 p.m. to combat the flames. However, authorities have yet to release an official statement on the cause or extent of the damage.

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