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Powerful Forces in Education Sector Out to Smear my Reputation –-Echono

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By John Onah, Abuja

Permanent Secretary in the Federal Ministry of Education, Arc Sonny Echono, has raised the alarm over a smear campaign allegedly launched by some powerful forces in the Education sector to discredit him.

The Permanent Secretary in an exclusive interview with DAILY ASSET said a news story published in a section of the online media recently linking him to the award of contracts by the sacked management of the National Examinations Council(NECO) led by Acting Registrar, Abubakar Gana, was part of the move to dent his image.

Echono told DAILY ASSET that he had no hand in the award of any contract by NECO adding the contract scandal at the examination body had been well investigated by a panel and a report was being awaited.

He alleged that some of the persons who suspected that the report might indict them were behind  the smear campaign against him.

“I never introduced anybody to NECO for any contract or such favours,” he stated.

He said he had refused pressures from different quarters by people seeking his recommendation or introduction to obtain  favours at NECO  and was surprised that he would be accused of having a hand in contarcts awarded by the agency.

The Permanent Secretary explained that a  letter with reference FME/FTC/PROC/Vol.II/12 – seeking for special consideration to adopt ‘Direct Procurement Method’ and Due Process Certificate of ‘No Objection’ to award some contracts in relation to the May/June 2019 SSCE cited  by the online  media did not in anyway translate to his personal involvement with contracts awarded by the Gana-led management in NECO.

“This letter, which reference was cited was  from the procurement Directorate   and those familiar with the civil service know that procurement departments work  in close liaison with BPP on matters of contract awards,” he explained adding, “it is pure mischief to insinuate that by virtue of an official communication from the Ministry, I was directly  or personally involved in NECO contracts”.

The Permanent Secretary disclosed that he and the Minister of Education, Mallam Adamu Adamu, had actually initiated the investigation of NECO contracts as well as investigations into the revenues of the Joint Admissions and Matriculation Board(JAMB)before the Presidential Committee on Continuous Audit stepped in,  and wondered why  anybody would turn around to  allege his involvement in the  contracts scandal at NECO.

Similarly, the Permanent Secretary described as complete falsehood, the allegation that he recommended one Ibrahim Peter Alih to serve as Personal Assistant to the Abubakar Gana and had also imposed him on the new Registrar of NECO, Prof Godswill Obioma.

I have never met this man called Alih, If I see him I won’t even know the person, so how can I “felicitate” the appointment of somebody I don’t know and even “impose” him on this new Registrar as erroneously published?” he queried.

He said it was the height of mischief for the online report to  allege that he had approached the Auditor General of the Federation and the Permanent Secretary in the Ministry of Finance, Budget and National Planning to “suppress investigations” into the NECO contracts.

“ I have never had cause to speak with the Auditor General of the Federation in the last one year, so this is strange to me. I spoke with the  Permanent Secretary, (Ministry of Finance of Finance) recently on phone on an official matter but it had nothing to do with the alleged appeal  to “suppress investigations,” he stated.

He told DAILY ASSET some people embroiled in the leadership crisis at the University of Lagos were also behind the reports that he had approached a powerful tradition ruler in the North to help restore the suspended Vice Chancellor of the  University of Lagos, Prof Oluwatoyin Temitayo  Ogundipe.

“This allegation is baseless. As you aware, the Federal Government has set up a Visitation Panel for University of Lagos. The Panel is yet to submit its report, so why would anybody be lobbying for a matter under presidential investigation,” he stated.

Similarly, he explained that himself, Prof Ogundipe and the Chairman of the UniLag Governing Council, Chief Babalakin among others were invited in 2019 to appear before the the House of Representatives Committee on  Procurement  over a particular contract at the University, which occasion was a public function and was attended by contractors to the project in question.

“ Contrary to what I read online, the Chairman of the Governing Council was indisposed but was represented at the meeting, I was also in attendance with members of the University Management, the question of “begging” the House Committee on behalf of the Vice Chancellor did not arise and was not an issue for discussion at the meeting,” he also explained.  

The Permanent Secretary, however said he would not be deterred to continue with the task of working with the Minister of Education to reform the education sector.

“Our insistence that the rules should be followed in all circumstances does not go down well with some people but that is what the Minister and indeed the President has asked us to do. We can not bend the rules to please certain people, no matter how powerful or influential they might be,” he said in the interview.

He said he would not be deterred by the  spurious allegations in a section of the media to continue with the discharge of his duties and responsibilities as Permanent secretary and Accounting Officer of the Federal Ministry of Education.

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Senate Investigates $18.5bn Abuja Centenary City Project

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By Eze Okechukwu, Abuja

Senate yesterday set up a seven-member ad-hoc committee to investigate the circumstances surrounding the lack of completion of the $18.5billion Abuja Centenary Economic City project, a decade after commencement.The Upper Chamber tasked the committee to review the original Public Private Partnership agreement and recommend amendments if necessary to facilitate the smooth and expeditious completion of the project.

The Senate also urged the Federal Government to prioritise the revival of the Centenary City project by providing appropriate support, resolving regulatory issues and addressing any other impediments, given its beneficial potential to the economy and people of Nigeria after 10 years of stalled progress.
The resolutions of the senate followed its consideration of a motion titled: “Urgent need to revive and complete the stalled Centenary City Project, to realise its economic and development potential” during plenary yesterday.The motion was sponsored by the Deputy Senate Leader, Senator Ashiru Yisa (APC – Kwara South).Senator Yisa in his lead debate urged colleagues to note that the Abuja Centenary Economic City project commenced in 2014 through a public private partnership to develop a modern city in the mood of Dubai, to commemorate 100 years of Nigeria’s amalgamation celebration.The Abuja Centenary Economic City Project was to be built according to the model and standard of global smart cities like Dubai, Monaco and Singapore.President Goodluck Jonathan laid foundation for the project on February 27, 2014 with a funfare.After Jonathan was defeated in the 2015 general elections, the succeeding Muhammadu Buhari administration put a halt to the project.The project driven by private investors was launched to mark the 100th anniversary of Nigeria costing $18b with 10–15 years completion period.

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CBN Gives POS Operators July 7 Deadline to Register with CAC

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By Tony Obiechina, Abuja

The Central Bank Of Nigeria (CBN) has issued a July 7, 2024 deadline for Point of Sales (PoS) operators to complete registration with the Corporate Affairs Corporation (CAC).This was revealed during a meeting between Fintechs and the Registrar-General/Chief Executive Officer (CAC) Hussaini Magaji (SAN) in Abuja on Tuesday.

Speaking at the event, the CAC boss said the two-month timeline to register their agents, merchants, and individuals with the commission, was “in line with legal requirements and the directives of the Central Bank of Nigeria”.
“The measure aims at safeguarding the businesses of Fintech’s customers and strengthening the economy,” a statement titled ‘CAC, PoS Operators Agree to Two-Month Deadline to Register Their Agents and Merchants to Strengthen the Fintech Industry”, the CAC added.
He stressed that the action was equally backed by Section 863, Subsection 1 of the Companies and Allied Matters Act, CAMA 2020, and the 2013 CBN guidelines on agent banking.Magaji explained that the timeline for the registration which will expire on July 7, 2024, was not targeted at any groups or individuals but aimed at protecting businesses.Several speakers from the Fintech industry pledged to collaborate with the commission to ensure hitch-free implementation of the directive.Some of them, however, stressed the need for adequate and collective sensitisation, to ensure that the exercise achieved the desired results.The Special Adviser to the President on ICT Development and Innovation, Tokoni Peter, in his remarks, pledged to ensure smooth facilitation of the process in line with the Renewed Hope Initiative of the present administrationThe representatives of Opay, Momba, Palmpay Ltd, Pay Stack, Fair Money MFB, Monie Point, and Teasy Pay present at the event, later signed up for a document to support the project.

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CBN Exempts Salaries, Loans, Pensions, Donations from Cyber Security Levy

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By Tony Obiechina, Abuja

Central Bank of Nigeria (CBN) has exempted 16 items from the 0.5 per cent Cybersecurity levy on all electronic transactions.CBN had directed banks to begin charging 0.5% cybersecurity levy on transactions as part of efforts to contain the rising cybercrime threats in the financial system.

According to the Apex Bank, deducted funds will be remitted to the National Cybersecurity Fund (NCF), which shall be administered by the Office of the National Security Adviser (ONSA).
A circular released by the CBN on Monday directed all commercial, merchant, non-interest and payment service banks to comply with the directive.The circular revealed that it was a follow-up on an earlier letter dated June 25, 2018 (Ref: BPS/DIR/GEN/CIR/05/008) and October 5, 2018 (Ref: BSD/DIR/GEN/LAB/11/023), in compliance with the Cybercrimes (Prohibition, Prevention, Etc.
) Act 2015.Following the enactment of the Cybercrime (Prohibition, Prevention, etc) (amendment) Act 2024 and under the provision of Section 44 (2)(a) of the Act, a levy of 0.5 per cent (0.005) equivalent to half per cent of all electronic transactions value by the business specified in the Second Schedule of the Act is to be remitted to the National Cybersecurity Fund, which the Office of the National Security Adviser shall administer.The exemptions included loan disbursements and repayments, salary payments, intra-account transfers within the same bank or between different banks for the same customer, intra-bank transfers between customers of the same bank, and Other Financial Institutions (OFIs) instructions to their correspondent banks.The exemption also applies to interbank placements, banks’ transfers to CBN and vice versa, inter-branch transfers within a bank, cheque clearing and settlements, and Letters of Credit (LCs).Others include banks’ recapitalisation-related funding only bulk funds movement from collection accounts; savings and deposits including transactions involving long-term investments such as treasury bills, bonds; and commercial papers; government social welfare programmes transactions, e.g. pension payments; non-profit and charitable transactions including donations to registered non-profit organisations or charities; educational institutions transactions, including tuition payments and other transaction involving schools, universities, or other educational institutions.Transactions involving the bank’s internal accounts, such as suspense accounts, clearing accounts, profit and loss accounts, inter-branch accounts, reserve accounts, nostro and vostro accounts, and escrow accounts, are also exempt from the levy.The central bank warned that Section 44 (8) of the Act prescribes that failure to remit the levy constitutes an offence punishable on conviction by a fine of not less than two percent of the defaulting business’s annual turnover, among other things.

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