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FG to Finance NDDC Forensic Audit

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By Martin Paul, Abuja

The Federal Government has pledged its readiness to bankroll the forensic audit of 12, 000 Niger Delta Development Commission (NDDC) projects.

The Interim Management Committee (IMC) of NDDC, recently set up by President Muhammadu Buhari, disclosed that arrangement had been concluded to ensure a hitch-free exercise.

“We are grateful to Mr.

President for matching his words with action and approving the funding of the forensic exercise directly from the Presidency.

“We note that the President graciously approved this peculiar funding arrangement because he gave due consideration to the fact that the National Assembly has not passed the NDDC 2020 budget.

 “With the funding challenge now settled, we are on course to accelerate the tempo of the forensic audit, which will cover the headquarters and the projects in the 9 NDDC mandate states, to ensure that the exercise is completed on time.

“We also thank Mr. President and the Minister of Niger Delta Affairs, Senator Godswill Akpabio, for the timely appointment of Mr. Effiong Akwa, as the new NDDC Acting Executive Director, Finance and Administration, EDFA.

“The sudden death of the former EDFA, Chief Ibanga Etang, had affected the processing of the payments for the NDDC Overseas Postgraduate scholarship programme.

“Payment of the fees and stipends of the students have now commenced, as all formalities with the Central Bank of Nigeria, CBN, have been regularised”.

Director, Corporate Affairs of NDDC, Charles Odili, said in a statement eight forensic field auditors had been engaged  to audit the commission from 2001 to 2019.

The President, according to him,  approved the funding following considerations that the National Assembly had not passed the NDDC 2020 Budget.

The statement further said the payment of the fees and stipends of the NDDC scholarship students a road had commenced as all formalities with the Central Bank of Nigeria (CBN) had been regularised.

The Minister of Niger Delta Affairs, Godswill Akpabio, had disclosed that the Federal Executive Council (FEC) at its virtual meeting in Abuja, approved the auditing of 12, 000 projects executed by the commission.

He said a memorandum by the ministry for the appointment of eight firms to carry out forensic audit of the projects was also approved by the council.

Akpabio said a foreign auditing firm, Ernst and Young, which was   appointed in March as lead auditor was among the eight firms.

The international firm would be in charge of programmes and activities at the headquarters in Port Harcourt, Rivers State, while seven other auditing firms will carry out the field work and would be paid N722.3 million for the seven   to 14 days field work.

Akpabio explained that with the approval by FEC, “evaluation of the abandoned projects of NDDC in the last 19 years, estimated almost 12,000 has commenced..

”At the end, we will know the amount of monies that have gone into the region in the last 19 years and whether the value we have received, so far, are commensurate with the monies that have entered into NDDC”, he added.

Akpabio also explained that the money being used for the contracts, which ought to have been drawn from the NDDC budget, came from the Presidency. He attributed  the development  to  the delay in passing the commission’s 2020 budget by the National Assembly.

 “The first amount that was approved for the lead forensic auditors was about N318 million and then for this batch of eight field auditors, N722.3 million. We expect to complete the field audit in the next one or two weeks.

”Mr. President had last year approved an estimated amount of N2.5 billion. So, everything that we are spending now will come from that estimated sum. Initially, it should have come from the budget of the NDDC, but because of the delay and the inability to pass the 2020 budget, the entirety of the amount that will be spent will come from the budget of the Presidency.

“The job is not just forensic audit alone; you know forensic audit is different from statutory. This one (forensic audit)  is done with a view to address the issues of misappropriation, bribery, corruption, fraud or anything of that sort that could have militated against the success of the agency in the last 19 years”, he said.

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FG Invests $617m in Creative Enterprise Fund

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By Laide Akinboade, Abuja

Federal Government has invested $617million in Digital Economy and Creative Enterprises as initiative to foster entrepreneurship and innovation in the digital economy and creative industries.

The Special Assistant to the President on Arts, Culture and Creative Economy, Ayo Adeagbo who disclosed this during his address at the African Fashion and Arts Award Business and Mentorship Summit held in Abuja yesterday said the initiative tagged the iDICE fund offered access to start-up capital and resources for the nurturing of talent in Nigeria.

While describing the formation of the Ministry of Arts, Culture and the Creative Economy by the president as a “remarkable investment”, Adeagbo added that the Minister of Arts, Culture and the Creative Economy, Hanatu Musawa should ensure the building of greater pathways for young talent to reach their global potential

“After the inauguration of Mr President, one of the remarkable investments he made into the country was the creation of a ministry to handle the affairs of art, culture and creative economy.

“The ministry, ably led by Hon. Hannatu Musawa has achieved significant strides in less than a year for the benefit of our creatives and the nation as a whole.

“Some pivotal actions taken include the significant $617 million investment in Digital Economy and Creative Enterprises (iDICE), known as the iDICE Fund – an initiative that aims to foster entrepreneurship and innovation in digital technology and creative industries.”

While unveiling the enterprise, the minister made it known that the fund offers access to start-up capital and resources essential for nurturing talent in Nigeria.

The Acting Director of the FCT Department of Arts and Culture, Kayode Aiyegbusi, who also represented the Minister of State for the FCT, Dr Mariya Mahmoud noted the importance of a synergy between the private sector and the government to grow the creative economy, adding that while the government would continue to create the enabling environment, to allow the industry to thrive.

Similarly, the convener of the AFAA, Kingsley Amako, described the creative industry as “the next oil boom”, and encouraged youths to develop their skills, build capacity and learn to produce and market their products, noting that the AFAA provided a platform for their recognition.

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Reps Query OAGF Over N15bn Payment  to Remita

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By Ubong Ukpong, Abuja

Public Accounts Committee (PAC) of the House of Representatives yesterday queried the payment of N15 billion to Remita, a payment platform from the Office of the Accountant General for the Federation (OAGF).

The committee accused the Central Bank of Nigeria (CBN) and Commercial Banks of complicity in the sharing of the N150 billion remittance.

Rep.

Bamidele Salam, Chairman PAC made the allegation at the resumed investigative hearing on revenue leakages in Abuja.

Salam said that the payment of N15 billion to Remita from the OAGF from 2016 to 2018 was questionable, adding that the OAGF paid the money without agreement or contract.

He described the payment as illegal. “The money is an illegal payment. There was no budget provision, so where did they source the money from?” the chairman queried.

He said, “The CBN also shared in the money. The money is an illegal payment. There was no budget provision so where did they source the money from?

 “Ordinarily, that whole sum of VAT ought to go to the Federal Inland Revenue Service (FIRS) but what they are doing in this transaction is that they will now add that VAT to the N150.

“They will add it up, and take it to the CBN,” he alleged.

He said, “System Spec and Remita, both collect revenue for the federal government, will share 50 percent, while the banks and the CBN will also have their share.”

He said that by the time the committee finishes its reconciliation, “I am very sure that hundreds of billions of naira will be the VAT component that was not remitted to FIRS.”

According to him, each bank ought to take the money and directly remit it to FIRS.

“Now Remita is saying that those collecting should calculate the money that has been shared. How do we track this kind of money?” he asked.

The PAC chairman warned the Chairman, Federal Inland Revenue (FIRS), Mr Zacch Adedeji against disregard for the committee, stressing that Adedeji’s actions amounted to contempt of parliament.

Salam said that for four times the committee invited the FIRS chairman but he failed to show up.

According to him, “In addition to writing him officially, we have also made sure that such letters were delivered personally to his mail box and his WhatsApp number.

“And we condemn and describe it as irresponsible and arrogant, and we tell him that there will be consequences if he continues this contempt of parliament.”

He said that several letters had been written him without responses, adding that the Value Added Tax (VAT) that the federal government should be collecting on Remitta had not been collected by FIRS.

The Director of Banking Services of the CBN, Mr Ahmed Abdullahi said they deemed it fit to source for an alternative way of remitting revenue and Remita and System Spec were selected because they had been rendering similar services to banks.

According to him, Remita was engaged in 2011 and operations commenced in 2012 with system module names. The CBN only finalised the transaction

He said that the fees charged under the TSA were in line with the structure of banking. The volume of revenue collection that passed through Remita was N86 million.

Mr. Oyewole Adewale, Chief Accountant, TSA Department, representing the Accountant General for the Federation, accused the CBN of not honoring its letters to reconcile the revenue accrued to the country through TSA.

He said the OAGF had developed a system where all revenue generated by the Ministries of Departments and Agencies of Government (MDAs) could now be monitored without any interference.

Mr Aderemi Atanda, the Director of Remita Payment Services Ltd., while reading the summary of the TSA collection record, said that 10, 20, and 50 percent were shared among CBN, commercial banks, and Remitta.

He said that collections are not static, they vary.

“From 2015 to 2016, it was N4.2 million, and the fee paid was N8.5 billion; in 2016, N1.3 billion was paid.”

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Tinubu Makes Numerous Promises at Slain Soldiers Burial

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President Bola Tinubu has directed the military to within the next 90 days ensure that all the benefits of the 17 officers and men of the army killed in Okuama on March 14 be paid to their families.

Tinubu said that government would provide a house in any part of the country to each of the families of the four officers and 13 soldiers.

He said that all the children of the deceased would enjoy a Federal Government scholarship up to University level.

He described the officers and soldiers as patriotic, brave and gallant Nigerians.

The president said that the deceased gave their lives to defend and protect the Nation against internal and external threats.

At the burial ceremony of the officers and soldiers on Wednesday in Abuja, Tinubu said that their death serves as a rallying point for Nigerians to condemn crime and criminality.

“They went as peacemakers and peacekeepers, seeking to bring an end to the hostilities between the two communities.“They didn’t go with tanks, machine guns and other weapons. They were on a mission of peace.“The officers and soldiers who lost their lives that day were patriots, brave and noble men who gave their lives to defend and protect our nation against internal and external threats,” he said.The 17 military personnel killed included Lt.-Col. Ali, Maj. D.E Obi, Maj. S.D. Ashafa, Capt. U. Zakari, Staff Sgt. Yahaya Saidu, Corporal Danbaba Yahaya, Corporal Kabir Bashir, Lance Corporal Abdullahi Ibrahim, Lance Corporal Bulus Haruna, Lance Corporal Sole Opeyemi, and Lance Corporal Bello Anas.The rest were Private Alhaji Isah, Private Clement Francis, Private Abubakar Ali, Private Adamu Ibrahim, Private Hamman Peter, and Private Ibrahim Adamu.Tinubu said that the deceased have all been awarded posthumous national honours.“The four gallant Officers have been awarded Member of the Order of Niger (MON). And the 13 courageous soldiers who also lost their lives have been Awarded Officer of the Federal Republic Medals.“As Commander-In-Chief, I do not take the contributions of members of our Armed Forces for granted. I recognise your valour and bravery.

“I honour your unflinching commitment to making our country safe from criminals, bandits, kidnappers and insurrectionists.”The President urged the officers and men of the military not to be deterred by these setbacks and be prepared to continue to work for peace and harmony.Tinubu also called on Nigerians to rededicate themselves to rebuilding communities and making them places where love, tolerance and harmony reigns.“Leaders at all levels, especially community leaders and traditional rulers, must work to strengthen the bonds that unite us. We must end the cycle of violence and bloodletting.“I want to make it clear, once more, that those who committed this heinous crime will not go unpunished. We will find them and our departed heroes will get justice.“The elders and chiefs of Okuoma also have a duty to help the military in fishing out the gunmen who committed the barbaric crime against our men.”The president commended the Armed Forces for their restraint in choosing not to carry out any reprisal attacks in Okuoma or its neighbouring communities.“We must all ensure that the innocent people of Okuoma are not made to bear the punishment of the guilty and wicked among them.”

On his part, the Chief of Army Staff (COAS), Lt.-Gen. Taoreed Lagbaja, said the officers and soldiers of the Nigerian Army who were gruesomely murdered in Okuama Community in Delta on March 14, left behind 10 widows three of whom are pregnant and 21 orphans.Lagbaja made this known at the burial of the 17 personnel comprising one Lieutenant Colonel, two Majors, one Captain and 13 soldiers, on Wednesday at the National Cemetery in Abuja.According to him, the Okuama killing has added to the care of the Nigerian army and, by extension, the Nigeria state, 10 widows, three of whom are four, five, and eight months pregnant, 21 orphans, and many other dependents, including parents.“While commiserating with the families of these gallant soldiers, I assure them that the Nigerian army and the good people of this country will not leave them in the cold.“We shall do all within our power to provide succour to them and preserve the memories of their departed loved ones,” he said.Lagbaja said he considered his toughest job to be putting fine men and women in harm’s way, sometimes knowing that they might not return to their families and loved ones.He added that his men, correspondingly and intriguingly, know that in spite of the equipment, training, and other forms of preparations, sometimes some may not make it back alive, while some may return handicapped.According to him, “when soldiers die in the hands of the enemies of the State, we take it as dying for what the nation has considered a just cause; we celebrate them as gallant heroes.“But when they are gruesomely murdered by the very people they are trained, equipped, and took an oath to protect, it is highly demoralizing.“It is no longer news that 17 of the Nigerian Army’s finest men, whom we have come to bury, were murdered in a reprehensible manner on March 14 in the Okuama community of Delta State while they went on a legitimate peace-making mission.

“It grieves my heart that it took our search and recovery effort over 72 hours to recover some vital organs of the decapitated and disembowell bodies of my men that were scattered all over the Okuama community by the community youths and their friends.“I consider it the most barbaric act any citizen or community can commit against the authority of the state, and I must place on record that a lot of restraints have been exercised so far in our search and recovery efforts for missing arms, ammunition, other equipment, and body parts.“I assure the President and all Nigerians that the Nigerian Army remains committed to its constitutional responsibilities and will not be deterred by setbacks such as witnessed in the Okuama community.“As tasked by the President and Commander-In-Chief of our Armed Forces, the Nigerian Army, with the assistance of its sister services and other security agencies, is committed to bringing the perpetrators of the Okuama murder to book and recover all service and personal belongings taken from the murdered troops.“The Nigerian Army will continue to seek the cooperation of all well-meaning Nigerians, particularly in the affected area, towards swift and successful conduct of our search and recovery operations,” he said.The Chief of Defence Staff (CDS), Gen. Christopher Musa, said the fallen heroes exemplified the very best of service to nation and love for country.Musa said they were the vanguards of peace, the guardians of freedom, and the sentinels of security, adding that their selflessness and unwavering dedication to duty would forever be etched in their hearts and memories.He assured the families of the deceased officers of the support of the nation and the armed forces in every way possible, urging them to find solace in the knowledge that their loved ones made an indelible mark on the nation’s history.The defence chief said the military would honour their memory by continuing the fight against those who sought to undermine the peace and security of the nation.

“We will remain steadfast in our resolve to build a nation worthy of your sacrifice.“The loss we feel today is immeasurable, but we must not allow it to dim the light of hope within us.“Instead, let us use this moment as a rallying cry to come together as a nation, to support our armed forces, and to work tirelessly towards a Nigeria free from the grip of violence and insecurity.“We owe it to these fallen heroes to honour their memory by redoubling our efforts to create a safer and more prosperous nation for all.“Let us build a nation where every citizen can live without fear, where communities can thrive, and where our children can grow up knowing the true meaning of security and stability.“To the men and women who continue to serve in the armed forces, I want to express my deepest gratitude for your dedication to duty.“Your commitment to defending our nation, even in the face of great peril, is truly commendable,” he said.Speaker, House of Representatives, Tajudeen Abbas, Deputy Senate President, Jibrin Barau, Secretary to the Government of the Federation, George Akume, and governors of Delta, Bayelsa, Kano, Kogi and Imo states amongst others attended the burial ceremony.

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