Connect with us

COVER

Indiscriminate Waivers: NASS Raises Panel to Probe over N4trn Revenue Loss

Published

on

Share

By Ubong Ukpong, Abuja

National Assembly Joint Committee on Finance yesterday raised a special panel to probe a revenue shortfall of over N4 trillion owing to indiscriminate waivers by revenue generating agencies of government.This was as the joint committee, co-chaired by Senator Sani Musa and Rep James Faleke, held a hearing to probe the revenue profiles of Ministries, Departments, and Agencies (MDAs) and Government-Owned Enterprises (GOEs) ahead of the 2025 budget.

The hearing was to enable the Senate and House of Representatives Committees to develop accurate and realistic revenue projections for 2025.The panel to probe the shortfall followed a motion moved by Senator Adamu Aliero.
Moving the motion, Aliero said, “Due to the issue of waiver, there is a serious shortfall between what is supposed to be collected as revenue and what is actually collected.“From our record, over N5.9 trillion was supposed to be the consolidated revenue fund of the federation. But we only have N1.9 trillion. We need to set up a special committee that will investigate this serious anomaly.“We cannot continue to be allowing revenue agencies to be spending money without the National Assembly. If someone is given a waiver, we have to find out who gave that waiver. A shortfall of over N4 trillion is not a small amount.“We found out that over N 4.9 trillion has not been remitted. We should set up an investigative committee that would investigate all the money that has not been remitted,” he said.Co-chairman, Musa, said the committee was aware that a lot of GOEs collect revenues from other sources and they never disclose them.“Some of them did even disclose to the budget office. We’ve been able to get all those and we have all done our own scrutinization and we believe that GOEs and heads of departments that are here will be able to open up to give us more details of how these revenues are sourced. We have also looked at their expenditures. You can imagine an agency collecting revenue whereby it is expected that sales is self-funded.“Funds that are supposed to be remitted to the consolidated revenue fund and it’s never done. I think from now on we are going to block that leakage and we will do the needful.“We will scrutinize the expenditures of these GOEs because a GOE will collect 100% revenue and in its expenditure, you see that it’s spending about 95% of that revenue it collected. So this is the avenue at which we are able to find a lasting solution to those leakages.”He pointed out that the president, while presenting the 2025 appropriation bill before the National Assembly, mentioned the importance of heads of agencies to appear before the National Assembly to defend their budgets.He said MDAs should not be surprised to see that zero allocation is made to them if they are unable to present themselves and defend what they have presented to the budget office.The Joint Committee on Finance threatened to stop the Federal Government’s grant to the Joint Admissions and Matriculation Board in the 2025 budget proposal.The committee queried the presentation by the JAMB Registrar, Prof Ishaq Oloyede, that the agency remitted N4 billion to the Consolidated Revenue Fund, while it got a grant of N6 billion from the Federal Government.The committee queried why an agency that funds itself should be getting allocations from the Federal Government.JAMB was also queried for other issues including allocating the sum of N1.1 billion for refreshments and meals in the 2025 budget proposal.Oloyede attempted to make more clarification but was directed to come back in three days with a more comprehensive presentation.The Committee also queried the Federal Road Safety Corps for not remitting the sum of N8 billion it generated in 2024.This followed the presentation by the Deputy Corps Marshal, representing the Corps Marshal, Shehu Mohammed, who said though they had a target of N10 billion, they generated N13 billion.But the Committee queried the FRSC for remitting only N5 billion of the amount.“You had a target of 10b but generated N13 billion but only remitted N5 billion. So you just bring the balance. You need to furnish this committee with details of the unremitted fund,” Senator Sani directed.

Minister of Budget and Economic Planning, Atiku Bagudu, said the 2024 budget is the first full year budget of the present administration.He said the lessons learned from 2024 formed the basis of the assumptions in the 2025 budget which is designed to generate more revenue for the government and provide solutions for the economy.He said GOEs must do better and urged all agencies of government to cooperate fully with the National Assembly.Among the affected agencies were, the Fiscal Responsibility Commission, Federal Road Safety Corps, Nigeria Electricity Regulatory Commission, Nigeria Upstream Petroleum Regulatory Commission, Nigeria Investment Promotion Commission, Nigeria Shippers’ Council, Nigeria Midstream and Downstream Petroleum Regulatory Authority, Nigeria Customs Service, Corporate Affairs Commission, Nigeria Communication Commission, Federal Airport Authority of Nigeria, Nigerian Immigration Service, Nigerian Port Electricity Training, and Security and Exchange Commission.

COVER

Dangote Beats MTN, DSTV, AZAM to Emerge as Most Admired African Brand

Published

on

Share

By David Torough, Abuja

It was another historic milestone for pan-African investor Aliko Dangote and the Dangote Industries Limited over the weekend, as they garnered three prestigious accolades at the 15th annual Brand Africa 100 awards, held at the iconic Africa Hall in Addis Ababa, Ethiopia—the birthplace of the Organisation of African Unity (OAU), now the African Union (AU).

Dangote Industries Limited was named Most Admired African Brand, following an independent, consumer-led survey conducted across more than 30 African countries.
The company was also inducted into the Brand Africa Hall of Fame, becoming the first African firm to receive this distinction. The induction recognises Dangote’s transformative impact on African consumers and its influential role in shaping a positive narrative for the continent.
President/Chief Executive, Dangote Industries Limited, Aliko Dangote was honoured with a Lifetime Achievement Award in recognition of his leadership in driving impactful industrialisation, establishing a world-class African brand and reshaping the continent’s economic future through a benchmark, homegrown enterprise.Joining Dangote Industries in the inaugural Hall of Fame were MTN, M-Pesa, Ethiopian Airlines, and South Africa, for consistently ranking among Africa’s most admired brands over the past 5 to 15 years and for building sustainable, globally respected brands.Reacting to the awards, Group Chief Branding & Communications Officer, Dangote Industries Limited, Anthony Chiejina, said the honours reflect the unwavering commitment, excellence, and innovation that define the group’s journey. He added that they are a testament to the dedication of the company’s outstanding team, partners, and stakeholders, who continue to believe in the mission to drive sustainable development and economic growth across the continent.”We also extend our heartfelt appreciation for the Lifetime Achievement Award presented to our Founder and President, Aliko Dangote for building a purposeful world-class industrial brand that has exceptionally transformed African lives and the African narrative. This accolade celebrates not only his visionary leadership but also his tireless efforts in transforming industries, creating opportunities, and championing African enterprise on the global stage. His legacy is an inspiration to generations of entrepreneurs and leaders across Africa,” he said.Noting that the recognition would further inspire the company to push boundaries, empower communities, and deliver meaningful value across Africa and beyond, Chiejina reaffirmed Dangote Industries’ commitment to excellence, integrity, and transformative growth.In his keynote address, United Nations Under-Secretary-General and Executive Secretary of the Economic Commission for Africa, Mr Claver Gatete, praised Aliko Dangote, the Hall of Fame inductees, and the Brand Africa laureates for advancing the African agenda.He highlighted the alignment between Brand Africa and the ECA’s mission to promote inclusive industrialisation, regional integration, and private sector-led growth. He also called for increased investment in youth-led innovation, regional value chains and the establishment of a Pan-African Creative Innovation Fund to identify, finance and globalise Africa’s most promising brands.”I wish to particularly acknowledge MTN, Dangote Group, mPesa and Ethiopian Airlines for consistently maintaining their distinguished positions among the “Most Admired African Brands” category and continuing to set benchmarks in brand leadership, innovation and continental impact,” he said.

Continue Reading

COVER

Land Revocation: FCTA Seals PDP Secretariat, FIRS, Access Bank, Others

Published

on

Share

By Johnson Eyiangho and Laide Akinboade Anima, Abuja

A team from the Federal Capital Territory Administration (FCTA) on Monday sealed the Peoples Democratic Party (PDP) national secretariat, Wuse Zone 5, Abuja.The sealing of the PDP secretariat came barely 24 hours to the much anticipated meeting of the party’s National Executive Committee (NEC) scheduled for Tuesday.

The national secretariat also serves as the venue to the PDP NEC meeting.
A joint taskforce comprising officials from the FCTA, Police, DSS, Army, NDLEA and NSCDC stormed the Secretariat at about 2.04pm and sealed the office shortly after a crucial meeting of the PDP National Working Committee (NWC).However, after a briefing meeting between the FCTA and PDP officials, all cars parked in the premises of the Secretariat were allowed to move out, while the PDP’s officials rushed to Bauchi State Governor’s Lodge for the Caucus meeting of the party.
The sealing of the Secretariat is widely perceived as a strategic escalation in Wike’s ongoing feud with leadership of the party, particularly those pushing for the removal of his lackey, Senator Samuel Nnaemeka Anyanwu, as National Secretary of the party.Meanwhile, the National Working Committee (NWC) of the PDP has vowed that the National Executive Committee (NEC) meeting slated for Tuesday May 27, 2025 will be held as scheduled.A party official who did not want to be named described the sealing of the Secretariat as a temporary setback, vowing that all party activities leading to NEC and beyond will continue.The National Caucus Meeting, Board of Trustees and Governors meetings are part of activities ahead of the NEC meeting.The FCT Minister had revoked over 4,700 properties due to long-standing non-payment of ground rent to the Federal Capital Territory Administration (FCTA).Also affected by the Monday exercise are Access Bank, the Federal Inland Revenue Service (FIRS), Ibro Hotel and Total Energy in Abuja.The enforcement, which began in the Wuse District, was led by FCT Minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka, Director of Land Administration, Chijioke Nwankwoeze and Director Department of Development Control, Mukhtar Galadima.Speaking during the sealing of Plot 534, Cadastral Zone A02, Wuse Zone 1, belonging to Total PLC, Galadima said, “Today is about walking the talk. We announced this earlier, and we are here to implement what we said to take possession of all revoked properties, starting with this plot.”He noted that the Total PLC property had accumulated over 10 years of unpaid ground rent, leading to its revocation in March 2025.Also sealed was the Access Bank branch located on Plot 2456, Wuse 1, Cadastral Zone A02. The property, however, belongs to Rana Taher Furniture Nigeria Limited and was revoked due to 34 years of unpaid ground rent.Galadima said the enforcement would proceed to other parts of the city, including the Central Area, after the Wuse district.Tinubu Intervenes, Gives 14-days GracePresident Bola Tinubu has intervened on the ongoing enforcement of possession of 4,794 properties revoked for non-payment of ground rent from 10 to 43 years and has given them 14 days ultimatum to pay up.This was revealed at a briefing by the Director of Land Administration, Chijioke Nwankwoeze, in Abuja.He said the defaulters have been given 14 days to pay up all outstanding and the penalty fees.The Director of Land noted that even though properties owned by government institutions, corporate organisations and individuals were affected, the Administration is committed to carrying out its functions without fear or favour.He said, “However, the President, His Excellency Bola Ahmed Tinubu, GCFR, has intervened. Therefore, by Mr. President’s intervention, holders of the affected properties now have 14 days (TWO WEEKS) to settle the outstanding Ground Rents, with associated penalties.”For properties in the Central Area, the sum of N5 million will be paid by the defaulters as penalty, in addition to the Ground Rent owed.”Those in Maitama, Asokoro, Wuse II, and Guzape Districts will pay the sum of N3 million as penalty, in addition to the Ground Rent owed.”Defaulters in Wuse I, Garki I and Garki II will pay N2 million as penalty in addition to the Ground Rent owed”.He added, “Also, all those who purchased properties from other people, but are yet to register their interests by obtaining the mandatory Minister’s Consent and registering their Deeds of Assignment now have 14 days (TWO WEEKS) to do so at the FCT Department of Land Administration.”Furthermore, the Minister of the Federal Capital Territory (FCT), Barrister Nyesom Ezenwo Wike, CON, has granted a 14 days (TWO WEEKS) grace period to all property holders in the FCT to pay up their Right of Occupancy (R-of-O)/Certificate of Occupancy (C-of-O) bills, or risk revocation of those titles”.The FCT Minister therefore urged property owners in the FCT to ensure that they pay all necessary bills and charges on their properties as at and when due, so as to enable the government to continue to carry out necessary developmental projects for the benefit of the people.

Continue Reading

COVER

Herdsmen Attack again, Kill 42, Sack Benue Four Communities

Published

on

Share

From Attah Ede, Makurdi, Joseph Amedu, Lokoja

Over 42 persons have been reportedly killed, with seven others badly injured and two persons kidnapped in the latest attacks on four communities in Gwer west Local Government Area (LGA) of Benue State.It was gathered that most residents have fled their communities as the attacks have become a daily occurrence.

According to a local source, while over 20 persons were killed in Aondona community, seven others were killed in Ahume, five in Tyolaha along with six persons killed in Orbiam community and two others kidnapped near a military base in the local government area respectively.
The source further said that the armed Fulani herders first attacked Aondona town on Sunday at about 4pm and continued yesterday at Ahume and a Military Base at Orbiam and Tyolaha.
”I can categorically confirm to you that 20 persons were killed in Aondona, five in Tyolaha, seven killed in Ahume and 6 others were killed in Orbiam at the Military Base which is just three Kilometers away from Naka town, while seven people were injured with two others kidnapped.”The local government council in collaboration with stakeholders in Nagi set up a search and rescue operation team. So far, the search and rescue team has recovered six corpses this morning (Monday), while the injured ones have been evacuated to general hospital Naka for medical attention.”As I speak with you, our people have fled all the communities in the affected areas. The whole communities have been deserted and taken over by herders. We can no longer go to farms, children have stopped going to school, while markets and churches have been shutdown due to the activities of these Fulani terrorists occupying communities. Government must do something, they must act fast to stop these incessant killings in Benue State particularly in Gwer-West”, the source said.The Chairman of Gwer-West Local Government Council, Victor Ormin confirmed the incident, saying that the killing was still on as over 42 people have been killed so far.He described it as a “Pathetic situation”, revealing that recovery of corpses is still ongoing and over 30 dead bodies have been recovered so far between Sunday and Monday(yesterday).According to him, when he confronted the military on why they are adamant to engage the armed herders, the military personnel told him they were yet to receive a directive from higher authorities to engage them.”Only yesterday, I buried five people, fathers of children and when I confronted the military to engage the killers of my people, they told me that they are waiting for a directive from higher authorities.”So, until my people are all killed before the federal government would give directives to military personnel before engaging these people.”They are claiming that they don’t have the mandate to engage these people, that it is only the federal government that can give them the mandate to engage these people. So, my people should be killed, dead all before the federal government would talk about it; what is the meaning of this?”Yesterday I buried a father and two of his children over 40 to 50 years of age in Tse- Orbiam, very close to a military base. What is the meaning of this? Now we are talking about 40 or more people. This is genocide.”If they cannot help me, maybe I will leave this chairman seat and let it continue the way it is. I don’t care about being a chairman of a people that are all killed. Look at a child of two years old butch with cutlasses.”More than 20 people were killed in Aondona village. This is a village of the former first lady of this state, Eunice Ortom. This is the village of Tor Gwer, this is the village of Bishop of Makurdi catholic diocese Bishop Anagbe. This is talking too much to condole and I can tell you, whatever will happen, will happen. Thank you”.”We are not saying that the military is incompetent, the soldiers are waiting for the orders and the mandate to do what they have to do which have not been given.A Mobile police man, identified as Magaji, was killed yesterday. He has dedicated his whole life to service, he is always at that junction along Naka road whether he has bullets or not. Yesterday when they came, they said he finished his ammunition and was scouting for people to leave and Magaji was killed yesterday. This is genocide.As of press time, the Benue State Police Command was yet to confirm the ugly development in Gwer-West Local Government Area. All efforts to get confirmation from the command’s police public relations officer, Catherine Anene was unsuccessful as she could not respond to text or calls.Kogi Auto-Crash Claims 19, Injures EightThe Federal Road Safety Corps (FRSC) on Monday confirmed that no fewer than 19 persons died and eight others injured in an auto crash which occurred on Sunday along Lokoja-Obajana road.State Sector Commander of the corps, Kumar Tsukwam confirmed this to DAILY ASSET in Lokoja on Monday.Tsukwam said that some of the survivors sustained bruises, cuts, dislocations, fractures, and fire burns.He said that the fatal accident occurred at Gadabiu community along the Lokoja-Obajana road in Lokoja Local Government Area of the state around 4pm on Sunday.He revealed that among the 19 burnt to death, were five children.According to him, the fatal and very sad accident involved an articulated vehicle (Truck) and a Toyota Hummer Bus heading to Abuja from the South.He said that it was a head-on collision when the bus on high speed tried to overtake an articulated vehicle only to face an incoming articulated vehicle with no option.“It was very unfortunate, because it was caused by speeding and wrongful overtaking and involved 27 persons with only eight survivors.“Our rescue operation team and the police were able to rescue the eight survivors and rushed them to Fisayo Hospital, Obajana for immediate medical attention.The commander said that the highways were not race roads and appealed to motorists to avoid speed and wrongful overtaking.He also tasked motorists to always keep to traffic rules and regulations to help the corps and the federal government in reducing road traffic crashes and carnage on roads across the country.

Continue Reading

Read Our ePaper

Top Stories

NEWS3 hours ago

Ex-NBA President Seeks Higher Minimum Entry Requirements into Police

ShareA Former President of the Nigerian Bar Association (NBA), JB Daudu (SAN),has advocated for a higher minimum entry requirement for...

NEWS4 hours ago

NYCN Demands Probe into DPO’s Killing

ShareThe Northern Youth Council of Nigeria (NYCN) has called for a thorough investigation into the killing of CSP Baba Ali,...

NEWS4 hours ago

Troops Neutralise 3 Suspected Bandits, Recover Weapons in Plateau

Share Troops of Operation Safe Haven (OPSH) have neutralised three suspected bandits in Teng and Kayarda communities of Qua’an Pan...

NEWS4 hours ago

Rep Slams Malami over Tinubu Criticism

ShareRep. Donald Ojogo (APC-Ondo) has criticised former Attorney General, Mallam Abubakar Malami, over his comments on the APC’s endorsements of...

NEWS4 hours ago

Terrorists Waging War Against Nigeria, not Armed Forces – Theatre Commander

Share The Theatre Commander, Operation Hadin Kai, Maj.-Gen. Abdulsalam Abubakar, says the Boko Haram/Islamic States West African Province Terrorists are...

NEWS4 hours ago

BoT Calls for Forgiveness, Dialogue, Unity to End PDP Crisis

ShareThe People Democratic Party(PDP) Board of Trustees (BoT) called for forgiveness, dialogue and unity to resolve the party’s lingering internal...

NEWS4 hours ago

Children’s Day: Preserve The Future Generations- Gov Fintiri

Share From Yagana Ali Yola. Adamawa State Governor, the Governor Ahmadu Umaru Fintiri has reassured of his commitment to safeguarding...

NEWS4 hours ago

Expert Calls for Conversion of Emefiele’s Recovered Housing Estate to Liaison Offices

ShareFrom Joseph Amedu, Lokoja Professor Salisu Usman, a Political Economist and Development Specialist, has called for the conversion of the...

NEWS4 hours ago

AHF Nigeria Calls for Joint Actions to End Period Poverty

ShareFrom Joseph Amedu, Lokoja The AIDS Healthcare Foundation (AHF) Nigeria, has called for joint actions to ending period poverty in...

NEWS4 hours ago

Niger State Badminton chair promises better Packages For players

Share From Dan Amasingha, Minna The Special Adviser political and Strategy and Chairman of the Niger State Badminton association, Hon...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc