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EDITORIAL

Magu and the Salami Investigation Panel

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It was a development that most Nigerians could not believe, as the Acting Chairman of the Economic and Financial Crimes Commission(EFCC), Ibrahim Magu was arrested on Monday on allegations of corruption. Magu was immediately taken under police custody and has been under interrogation.

The events of this week around the arrest and detention of the EFCC Chair could possibly Nigeria’s greatest trying period in the fight against corruption

Magu was accosted by security agents in plain clothes in front of the old EFCC headquarters on Fomella Street, Wuse 2, Abuja, at noon on Monday and compelled to appear before the presidential panel headed by Justice Ayo Isa Salami.

Magu’s worsened on Wednesday as the presidential Panel Investigating Corruption allegations against him shifted its focus to properties he allegedly acquired in Dubai, the United Arab Emirates.

The suspended EFCC boss, who has been in the police custody since his arrest on Monday, was interrogated for the third time on Wednesday.

He has been in police custody at the Force Criminal Investigation Department, Garki, since Monday, from where he has been appearing before the panel to respond to questions on the allegations raised against him by the Attorney-General and Minister of Justice, Abubakar Malami (SAN).

Like what happened on Monday and Tuesday when the panel quizzed Magu for several hours, journalists were again on Wednesday not allowed access to the Old Banquet Hall of the Presidential Villa,  venue of the interrogation.

The Justice Ayo Salami-led panel was interested in establishing if indeed Magu bought properties abroad, particularly in Dubai, where he was said to have travelled to several times on official and private visits.

It was further learnt that the panel also was preoccupied with allegations that  N39bn  had been diverted from the recovered funds.

From all indications, the Magu probe is going to unearth many things about the shaddy deals that have been going underneath in the country. For a government that claims to have war against corruption as one of its cardinal policies, the die appears to have been cast.

The nation might be treated to some of its most sordid corruption cases ever witnessed if the investigation is allowed to run its course.

 Allegations against Magu are legion. In once instance, Magu was alleged to have sold off or mysteriously released about 157 oil tankers without following due process. The vehicles were alleged to have been seized by the Port Harcourt Zonal Office of the EFCC. The money was said not to have been remitted to the government’s coffers, while those released were said to have been done after bribes were given to senior EFCC officials loyal to Magu.

A report by the Auditor-General of the Federation last year also noted that about N13.96bn reported as salaries and wages in the consolidated financial statement of the EFCC were not in the anti-graft agency’s trial balance submitted for reconciliation.

Besides, the EFCC was listed as one of the agencies with “doubtful cash balance” of over N315m. These allegations are also being looked into.

Nigerians are following the probe of Magu with keen interest. Already, some powerful people are being mentioned in the unfolding saga.

But there are a lot of gray areas in the whole scenario. For instance, since Monday, the Presidency has not come up to speak to the issues whether Magu has been suspended and if so, who is in charge of the EFFC establishment.

We welcome the indication from the Presidency that justice will be served to all concerned at the end of the investigations. Accordingly, we make haste to urge the President to make public, the findings of the Salami panel upon completion of its assignment, no matter who might be indicted. In our view, this would be one other way to extend the frontiers of the war against corruption.

EDITORIAL

Repeal Auditor-General Ordinance Act of 1956 Now

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The move to reform the Nigeria Auditor General Ordinance Act of 1956 by the National Assembly has been ongoing for over a decade. Though there were significant developments, the bill got stuck at the bi-camera lawmaking chambers where it has continued to undergo series of reviews before it will be transmitted to the president for assent.

Crafted to re-enact the Audit Act, the bill, introduced in the House of Representatives in 2014, has two significant provisions – the independence of the Office of the Auditor General for the Federation (OAuGF) and the establishment of the Federal Audit Service Commission and other matters related thereto.

The passage of the bill shall not only make the OAuGF to be financially independent but shall also grant it administrative autonomy to have powers to recruit, promote and discipline their staff.

 It will also empower the OAuGF to carry out audits on all government Ministries, Departments and Agencies (MDAs) and hold them accountable for their stewardship in the use of public resources.

Additionally, it will pave the way for the establishment of the Federal Audit Service Commission which shall be responsible for handling all matters of recruitment, promotion and discipline of members of staff of the office and the Audit Commission.

When the colonial government established the Audit Ordinance Act of 1956, the instrument provided for the position of the Director of Audit. It was meant to provide for adequate and appropriate checks and balances in the colonial financial system.

But for the first time, the 1999 Constitution of Nigeria (as amended), provided for the Office of the Auditor-General for the Federation and the appointment thereof.

With endemic corruption in the country and the continued outcry for stronger institutions to help sanitise the public financial sector, by entrenching the principles of accountability and transparency to prevent and curb corruption, it is imperative and absolutely necessary to advance the course of the 1999 Constitution by way of providing for a robust Audit Act that will make clear and unambiguous provisions required to effectively carry out the mandate of the office.

Recognizing the job of auditors in ensuring that public officials and institutions are held to account is undeniably one of the toughest jobs in government, experts have considered the Audit Bill as a powerful instrument to address issues of poor governance, wastes, inefficiency, lack of accountability and transparency in the public sector.

Therefore, when passed and passed by the president, the bill will also give a stronger backing to the fight against corruption as it guarantees and safeguards operational independence of the OAuGF as a Supreme Audit Institution(SAI).

Additionally, once the bill is passed into law, the Auditor-General shall be vested with more powers to inquire into, examine, investigate and report as he considers necessary on the expenditure of public monies and money advanced or granted to a private organization or body in which the Federal Government has controlling interest.

The financial and administrative independence which the Audit Law will bestow on the office, will complement the legal independence it already enjoys by virtue of Section 85 of the 1999 Constitution (as amended). The administrative autonomy will enable the OAuGF to attract quality human capital at competitive standards for improved efficiency; as recruitment of members of staff will now be conducted professionally by the Federal Audit Service Commission with improved remuneration packages that will challenge them to discharge their duties effectively and professionally too.

Internationally, the OAuGF shall be placed at par with other Supreme Audit Institutions (SAIs). Resultantly, the office shall be accorded more respect and recognition as a credible source of independent and objective insight and guidance to support beneficial change in the public sector. This will also enable those charged with public sector governance to discharge their responsibilities in responding to audit findings and recommendations and taking appropriate corrective actions.

When MDAs fail or delay the submission of their accounts and records or Audited Accounts to the OAuGF without sanctions, it affects timely preparation of the OAuGF Annual Audit Report to the National Assembly as envisaged by the Constitution of Nigeria (as amended) and as a result, the information contained in the report lose its capacity to influence decisions.

DAILY ASSET is of the view that aside from the passage of the bill, the OAuGF should be placed on first line charge. It must be adequately funded to enable it to effectively audit the 1023 MDAs and over 123 embassies and foreign missions.

Also, the government must ensure adequate provision of accommodation for auditors for effective discharge of their assignments. Auditors on oversight assignment should not reside in the same office with the MDAs they audit for a fair and balanced audit report.

Finally, the task of fighting corruption and blocking wastes in systems is a huge challenge that requires all hands on deck hence the need for inter-agency collaboration, cooperation and sharing of vital information between public institutions charged with responsibilities of fighting corruption.

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EDITORIAL

Urgent Need to Tackle Insecurity and Looming Hunger Crisis

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Critical stakeholders in the agriculture sector have persistently warned that the relentless wave of attacks against farmers in Nigeria by cattle pastoralists, bandits and kidnappers could further contribute to the nation’s economic woes. Already, there is unprecedented shortfall in food supplies.

This unfortunate trend threatens to push Nigeria deeper into a devastating hunger crisis.
Increasing attacks on farmers across parts of the country have led to displacement of farmers, market disruptions and loss of livelihoods.
In particular, food basket states like Benue, Niger, Kaduna, Borno, Plateau, Kogi and farming communities are being relegated and dehumanised to camps as Internally Displaced Persons (IDPs), thereby worsening the food crisis in the country.
Bandits, kidnappers and other dare-devil armed groups have been killing farmers in their hundreds while others are kidnapped and made to buy their lives with millions of naira, thus forcing many farmers to abandon their farms.To worsen the situation, there are devastating floods in many parts of the country which have claimed dozens of lives and have washed away thousands of hectares of cultivated farmlands. This has exacerbated the plight of farmers. The climate change crisis is more likely to push many more people into hunger because of the flooding and unpredictable rainfall pattern, far more severe than in previous years will further compound the food crisis.Last year, the UN estimated that more than 25 million people in Nigeria could face food insecurity this year, a 47 percent increase from the 17 million people who were already at risk of going hungry – mainly due to the ongoing insecurity, protracted conflicts, and the projected rise in food prices.In addition, an estimated 2million children under the age of five in the northeastern states of Borno, Adamawa, and Yobe are likely to be pushed into acute malnutrition while about 700,000 will face life threatening starvation.Also, in the 2023 Global Hunger Index, Nigeria ranked 109th out of the 125 countries with food shortage with a score of 28.3 in the 2023 Global Hunger Index. Thus, Nigeria has a level of hunger that is serious.Already, the food crisis, insecurity and corruption have reached an alarming rate which triggered a 10-day protest across the country last month.DAILY ASSET is of the view that for the Tinubu administration to get Nigeria out of the woods, it must redouble efforts to tame the rising spate of insecurity in the country.That the nation’s armed forces must urgently embrace technology and involve new strategies to restore security for the displaced farming communities to resume full farming activities.Additionally, the federal and state governments should explore the possibility of tackling unemployment, poverty and inequality.Also, the porous borders have to be strengthened to prevent the influx of undesirable elements through increased surveillance by security agencies.The complex challenges facing Nigeria can only be tamed through the implementation of workable strategies, commitment and cooperation among all stakeholders.

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EDITORIAL

Oloyede: Accolades to Unconventional Public Servant

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Akin to an eagle-eyed combat pilot on a reconnaissance mission – making his flight preparations, loading the right ammunition and aiming at his target without missing, so was Prof. Is’haq Olarewaju Oloyede, when he arrived the headquarters of the Joint Admissions and Matriculation Board (JAMB), upon his appointment in 2016.

In the first few months of his assumption of office, activities pervaded to the lowest ebb at the JAMB headquarters.

Like a fighter pilot on a rescue mission, Oloyede embarked on a discreet but holistic audit of the board. He was simply planning how to navigate his flight in order to hit his target, without missing.

While in the closet planning, there was a shift in the timetable date of the Unified Tertiary Matriculation Examination (UMTE) for that year and tongues went wagging, mostly from staffers of the board that the newly appointed Professor of Islamic Studies and “controversial” former Vice Chancellor, University of Ilorin, was totally confused and clueless about the demands of the office and the direction to take the examination body.

After the audit, Oloyede gathered enough information and momentum. He then released his mission and vision for the examination body, chief of which was to reposition the board technologically to eliminate all forms of examination malpractices and timely release of results to candidates – three days of sitting for the examination.

Those pronouncements were followed with wide ranging reforms, including unraveling of mind blowing malfeasance of corruption involving several workers of the board. For instance, a staff of the board in Benue State was involved in massive fraud of stealing millions of naira from the sale of examination scratch cards which she claimed was swallowed by “a snake” from the office save.

In Nasarawa State, the staff of the board who was also caught in fraudulent financial malfeasance claimed his car was burnt along Abuja-Lafia road with all the examination scratch cards that were meant for sale to prospective candidates in the state.

 In Kogi State, the staff of the board with itchy fingers claimed he had borrowed money to the state civil servants who were being owed several months of salaries. The ugly stories of massive stealing of the board’s funds reverberated in many states including the headquarters where the former helmsman, Prof. Dibu Ojorinde is currently standing trial for allegedly stealing hundreds of millions of naira.

With those monumental financial malfeasances, candidates were hitherto ripped off of their hard earned money as the examination body was shrouded in fraudulent and chaotic scheming. Consequently, floods of complaints poured in from several quarters on pre-registration and post examination irregularities.

But Oloyede’s surgical knife had cleaned the process and restored sanity after one year in office. By the second year, the examination body had saved over N8 billion and remitted same to the Federal Government, a remarkable departure from about N300 million the examination body was hitherto remitting per year to the government.

Thus, in 2018, the Muhammadu Buhari administration had to review downward the cost of registration of the UTME to N4,500 per candidate from the over N7,000 hitherto charged.

Elated by these remarkable achievements, President Bola Tinubu applauded Prof. Oloyede’s innovative ideas and financial prudence at a recent public engagement organised by the Economic and Financial Crimes Commission (EFCC). .

“One person I always respect is Prof Is’haq Oloyede. Over the years, JAMB never made up to $1m for the Federal Government.

“However, when Prof Oloyede assumed office, JAMB made over N50bn for the Federal Government in one year.”

Another landmark achievement is the initiative in providing Persons with Disabilities (PWDs) the opportunity to register for the 2024/2025 UTME at no cost. This will ensure equal educational opportunities for all, irrespective of physical abilities,

Additionally, the board has acquired some basic tools required by PWDs, like braille machines, personal computers with enlarged features, et al, for persons with special needs.

At a time of verbal rhetoric about fighting corruption by most public servants who are short on practical implementation, at a time revenue generating departments and agencies carry out opaque operations with no tangible results, JAMB, under the captainship of Oloyede, unarguably stands as a referral government agency for transparency.

DAILY ASSET, while commending the management and staff of JAMB, for their commitment to hard work, is pleased to extend warm accolades to a nonconformist and unconventional public servant with passion for accountability and service to humanity.

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