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Budget Shock! *Senate Uncovers Padded N969bn By MDAS*
Budget Shock!
*Senate Uncovers Padded N969bn By MDAS*

Senate yesterday uncovered how about 558 ministries, departments and agencies, MDAs of the federal government failed to provide classification of intangible assets valued at N969 billion in the 2019 budget.
The shocking revelation is contained in the 2019 annual report of Auditor-General of the Federation currently being considered by the Senate Public Accounts Committee, SPAC.
In the meeting chaired by the Vice Chairman of the committee, Ibrahim Hassan Hadejia, Senators were shocked about the huge sum of money categorized as Intangible Assets in the 2019 budget as captured in the Auditor-General of the Federation’s report.
The report reads: “Audit observed from review of notes 36 and 36A (Intangible) to the FGN Consolidated Financial Statement (CFS) that “the sum of N969billion was recognised under Notes 36A as Intangible Assets without a schedule showing the classification/nature of the intangible assets contrary to the provision of IPSAS 31.
“There was no disclosure to enable the audit confirm which of the intangible Assets has finite and infinite life, a bad for determination whether amortization should be or not.”
The representative of Office of Accountant General of the Federation, Shuaibu Sikiru, in his response before the Senate Committee said the template will be re-designed to accommodate the observation in subsequent years.
Among the 558 agencies are State House, Bureau of Public Enterprises, BPE, Bureau of Public Procurement, BPP, National Population Commission, NPC, Federal College of Forestry, Ibadan, Federal College of Forestry, Jos, National Orientation Agency, NOA, Bureau of Public Service Reforms and Nigeria Police Academy, Wudili.
Others are Federal Civil Service Commission, Office of the National Security Adviser, Federal Ministry of Interior, Nigeria Immigration Service, Federal Fire Service, Police Formation and Command, Headquarters, Nigeria Security and Civil Defence Corps, NSCDC; Office of the Head of the Civil Service of the Federation, Federal Government Staff Housing Loans Board, Federal Training Center, Ilorin, Office of the Economic Adviser to the President and the National Broadcasting Commission, NBC.
Also, Voice of Nigeria, Nigerian Film Corporation, National Theatre, Federal Ministry of Information, Headquarters, News Agency of Nigeria, NAN, Administrative Staff College of Nigeria, and many others.
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Rt. Hon. Yakubu Dogara Salutes Bishop David Oyedepo at 72 on His Birthday
Former Speaker of the House of Representatives and Chairman, Board of the National Credit Guarantee Company Limited (NCGC), Rt. Hon. Yakubu Dogara, has joined millions of worshippers and admirers across the world in celebrating Bishop David Oyedepo, Founder and Presiding Bishop of Living Faith Church Worldwide, as he clocks 72 today.
In a statement issued to mark the occasion, Dogara paid glowing tribute to Bishop Oyedepo, describing him as “a father in faith, a relentless visionary, and a servant of God whose sacrifices have uplifted millions.” He noted that the Bishop’s life and ministry have become a global testimony of dedication, discipline, and divine calling.
Bishop Oyedepo, widely regarded as one of Africa’s most influential Christian leaders, has over the past four decades built one of the largest Christian movements in the world. Winners’ Chapel, which he founded in 1981, now has thousands of branches across Nigeria and beyond, with a global presence that stretches to Europe, America, and Asia. Dogara highlighted the Bishop’s pioneering role in education, pointing to the establishment of Covenant University and Landmark University, institutions that have consistently ranked among Nigeria’s leading centers of learning.
He also commended Oyedepo’s humanitarian initiatives, which include scholarships, community development projects, and outreach programs that have touched countless lives.“Through his vision, Bishop Oyedepo has raised generations of leaders equipped with both spiritual and intellectual capacity. His teachings on integrity, diligence, and faith have inspired millions to pursue excellence in their personal and professional lives,” Dogara said.The former Speaker further emphasized that Oyedepo’s influence transcends the pulpit, noting his contributions to nation-building and his consistent advocacy for moral values and good governance. “Bishop Oyedepo has shown us that true leadership is service, and his life remains a beacon of hope and inspiration,” Dogara remarked.
Offering prayers for the celebrant, Dogara said: “May the Almighty keep him strong and vibrant, granting him many more years to continue his divine assignment. For all his sacrifices, may heaven reward him abundantly.”As Bishop Oyedepo marks his 72nd birthday, tributes have continued to pour in from across the world, underscoring his enduring legacy. From humble beginnings in Kwara State to becoming a global voice in Christianity, his journey reflects resilience, vision, and an unshakable faith in God.
His ministry has not only spread the gospel but also transformed communities through education, healthcare, and humanitarian service. Today’s celebration is not just about age but about impact. Bishop Oyedepo’s life story is one of consistency and devotion, and his influence continues to shape generations. Rt. Hon. Yakubu Dogara’s tribute captures the sentiments of millions who honor a man whose vision, faith, and dedication remain a source of inspiration across nations.
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Prince Abdulrasheed Muideen Romeo Celebrates Senator Ajibola Basiru’s CIPM Fellowship
The conferment of Fellow of the Chartered Institute of Personnel Management of Nigeria (CIPM) on Senator (Dr.) Surajudeen Ajibola Basiru (SRJ) has drawn widespread commendation, with notable tributes from leaders across sectors. Among them is Prince Abdulrasheed Muideen Romeo, founder of the Prince Romeo Foundation and Chief Executive Officer of Savewell Luxurious Homes Estate Developer, one of the largest estate developers in Abuja.In his congratulatory message, Prince Romeo described Senator Basiru as a father, mentor, and guardian, praising his dedication to human development and principled leadership. “Your commitment, sacrifice, principles, and dedication to human development have earned you this prestigious intellectual award and recognition,” he stated, noting that the senator’s efforts, though often carried out privately and independently, have been widely acknowledged.Prince Romeo’s tribute is particularly significant given his own dual legacy in philanthropy and enterprise. Through Savewell Luxurious Homes, he has played a transformative role in Abuja’s real estate sector, delivering modern and sustainable housing solutions that have reshaped the city’s landscape. His company’s reputation as one of the largest estate developers in the capital underscores his influence in urban development and his commitment to providing opportunities for families to thrive.Beyond business, Prince Romeo’s foundation has championed youth empowerment, education, and community development. His recognition of Senator Basiru’s achievement reflects the synergy between public service and private enterprise — two leaders united by a shared vision of uplifting society.Senator Basiru’s conferment as a CIPM Fellow marks another milestone in a career defined by scholarship, law, and governance. Known for his intellectual depth and passion for human capital development, he has consistently promoted ethical standards and organizational excellence. The CIPM Fellowship, reserved for individuals who have made outstanding contributions to personnel management, affirms his enduring impact on Nigeria’s professional and political landscapes.Prince Romeo’s message also underscores the importance of mentorship in nation-building. “Congratulations once again, my Father, Mentor, and Guardian. You are celebrated, honored, and deeply appreciated,” he wrote, reaffirming his admiration for the senator’s guidance and moral compass.As associates and admirers continue to celebrate Senator Basiru’s achievement, Prince Romeo’s tribute stands out for its blend of reverence and professional recognition. It highlights the diverse ways leaders contribute to national progress — whether through governance, personnel development, or enterprise. Together, Senator Basiru and Prince Romeo exemplify the values of integrity, service, and vision that Nigeria needs to advance its future.
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Hon. Hamma Adama Ali Kumo Celebrates Senator Ajibola Basiru’s CIPM Fellowship
Hon. Hamma Adama Ali Kumo, the Deputy National Financial Secretary of the All Progressives Congress (APC) and Chairman, Board of Trustees of the Industrial Training Fund (ITF), has extended warm congratulations to Senator (Dr.) Surajudeen Ajibola Basiru (SRJ) on his conferment as a Fellow of the Chartered Institute of Personnel Management of Nigeria (CIPM).Hon. Kumo, a seasoned politician and administrator, commended Senator Basiru for his outstanding contributions to human capital development and his principled approach to leadership. He described the recognition as a well-deserved honor for a man whose career has been marked by scholarship, integrity, and service to the nation.In his message, Hon. Kumo emphasized that Senator Basiru’s conferment as a CIPM Fellow reflects not only his intellectual depth but also his enduring commitment to nurturing talent and promoting professional excellence. He noted that the senator’s dedication to personnel management and governance has set a standard worthy of emulation.As APC’s Deputy National Financial Secretary, Hon. Kumo himself is deeply engaged in strengthening accountability and transparency within the ruling party. His role as Chairman of the ITF Board of Trustees further underscores his commitment to building Nigeria’s workforce through skills acquisition and institutional reforms. Against this backdrop, his tribute to Senator Basiru carries the weight of one leader recognizing another for their shared devotion to national progress.Hon. Kumo’s celebration of Senator Basiru’s achievement highlights the importance of collaboration between political leadership and professional institutions. It reflects a broader vision of governance where leaders not only serve in public office but also champion intellectual and professional standards that strengthen society.Associates and observers have described Hon. Kumo’s message as a testament to the camaraderie and respect that exists among Nigeria’s political and professional elite. His words reinforce the idea that recognition of excellence is not only about honoring individual achievement but also about inspiring others to pursue integrity, service, and innovation in their own fields.With this conferment, Senator Basiru joins the ranks of distinguished professionals whose work has shaped Nigeria’s personnel management landscape. Hon. Kumo’s tribute ensures that the honor is celebrated not just as a personal milestone but as a collective achievement for leaders committed to building a stronger, more capable nation.
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