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MTEF/FSP: Senate Flays NAIC Over Inconsistent Financial Records

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From Lateef Taiwo

 

 

The Senate Committee on Finance has flayed the Nigerian Agricultural Insurance Corporation (NAIC) over its inability to provide details of its finances from 2021, 2022, up to the third quarter of 2023.

 

At an interactive session on Monday in Abuja, members of the committee regretted the absence of receipts to prove NAIC expenditures from revenue claims.

 

The committee also charged NAIC to provide detailed receipts of remittances said to have been made with the surplus revenue generated in 2023.

 

In a document submitted to the committee, the MD/CEO of NAIC, Mrs Folashade Joseph while presenting the Corporation’s 2024 Revenue, Overhead and Capital Projections, told the panel led by Senator Sani Muhammed Musa (APC Niger North) that the agro-insurance outfit transferred N3, 847, 202, 032.03 to the Consolidated Revenue Fund (CRF) of the federal government in 2023.

 

She however contradicted her submission by arguing that the organization recorded “huge losses in 2022 hence we were unable to remit for the year.”

 

Not impressed by her submissions, the lawmakers took turns to appraise NAIC’s performance for the fiscal year, wondering why the Corporation’s fortunes continued to dwindle over three years.

 

Accordingly, the committee mandated the management of the organization to furnish it with the Corporations’s audited account covering 2021, 2022, up to the third quarter of 2023.

 

This is as the committee Chairman called for a breakdown of NAIC finances, insisting that the panel was poised to “block all loopholes all in the account of MDAs.”

 

“For a long time the accounts of MDAs have been run as personal property. We want to make a difference.

 

We want to ensure that the right thing is done, and that this government has what it wants to give Nigerians the dividends of democracy,” Senator Musa stressed.

The Committee also interacted with the Nigerian Financial Intelligence Unit (NFIU), and the Equipment Leasing Registration Authority (ELRA), with the management of the Corporate Affairs Commission (CAC) not sending representatives to the interactive session.

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Court stops APC, INEC from altering Benue APC primary winners

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The Federal High Court in Abuja has ordered the All Progressives Congress (APC) and the Independent National Electoral Commission (INEC) to maintain the status quo in a dispute over the party’s candidates emerging from the Benue State APC primaries for the 2027 general election.

The order was made on Thursday by Justice Inyang Ekwo during proceedings in Suit No. FHC/ABJ/CS/1429/2026, filed by Engr. Sesugh Akaagba and other aggrieved APC candidates from Benue State against the APC and INEC.
The plaintiffs had, through an ex parte motion filed on July 5, 2026, sought six interim reliefs, including an order restraining the APC from substituting its validly nominated candidates in Benue State through its June 29, 2026 correspondence, or any subsequent communication, to INEC, pending determination of the substantive suit.
They also sought an order compelling the APC to immediately transmit to INEC the names of candidates validly nominated during the primaries monitored by the electoral commission.

When the matter first came up on July 8, 2026, the court declined to grant the interim application immediately, directing both APC and INEC to appear and respond before any decision was taken. The matter was adjourned to July 16.

At Thursday’s proceedings, counsel representing the APC and INEC were present in court, while the plaintiffs were represented by Mohammed Ndarani, SAN, alongside his legal team.

In his ruling, Justice Ekwo held that since issues had been joined by the parties particularly with INEC now before the court, the defendants were required by law to preserve the subject matter of the litigation pending determination of the substantive suit.
When counsel to the plaintiffs urged the court to caution APC and INEC against taking any further action that could affect the disputed list of candidates, the judge responded that it was “not a matter of advice but of law,” stressing that the defendants were bound to maintain the status quo.

The court consequently restrained APC and INEC from taking any action capable of altering the disputed list of candidates pending the hearing and determination of the substantive suit.
The defendants did not object to the restraining order.
At the commencement of proceedings, the court noted that all parties had voluntarily submitted to its jurisdiction by duly filing and exchanging their respective processes.
It held that there was no procedural or jurisdictional impediment to the expeditious determination of the substantive action, and directed that the matter be heard without further delay.
In furtherance of the objective of preserving the res and safeguarding the efficacy of the judicial process, the court ordered all parties to maintain the status quo pending the hearing and final determination of the substantive suit, restraining any act or omission capable of prejudicing the rights of the parties or rendering the proceedings nugatory.
The court further directed that INEC be served forthwith with the originating and all consequential processes.
The effect of the subsisting order is that INEC is restrained from tampering with the existing list of candidates pending final determination of the suit, and from receiving, recognising, or acting upon any purported substituted list of National Assembly candidates from Benue State submitted by the APC.
The matter was adjourned to July 21, 2026, for hearing of the substantive suit.

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Goodluck Jonathan’s Family Celebrates Son’s Graduation in UK

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Former President Goodluck Ebele Jonathan and former First Lady Patience Ibifaka Jonathan recently celebrated a significant family milestone as they attended the graduation ceremony of their son, Ariara Goodluck Jonathan, at Manchester Metropolitan University in the United Kingdom.

The proud parents joined family members and well-wishers to witness Ariara receive his degree, marking the successful completion of his academic programme. The occasion was filled with joy as the Jonathan family commemorated the achievement, highlighting the importance they place on education and personal development.

The graduation ceremony attracted warm congratulatory messages from friends, associates, and admirers, who wished the graduate continued success in his future endeavours.

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2027 BENUE GUBER: MORE TROUBLE FOR GOV ALIA

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The Following names joined the political family of Sen. Dr. George Akume today after leaving the sinking Alia ship .

Under the leadership of Barr. Emmanuel Jime .

The are ;
Chief Nelson Alapa
Douglas pepe SAN senatorial Aspirant zone A,
Engr Peter Ashiekaa
QS Clement Beetseh
Former commissioners
Joy Luga
Ann itodo
Barr martins Shaagee
Miss Dorcas
Prof Usar Joseh
Prof Cephas Tushima
Chief Patrick Idoko
Hon Patience Akor
Hon Fred Idoko
Hon Lawrence Ekpo Onoja Jnr
Hon Andrew Abah
Hon Agbo Innocent Ikwumonu
Hon Simon Omachoko
Hon David Egboja
Dr John Garba
Among together,

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