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Reps PAC Accuses BPE of Squandering N10bn in Registering Two Failed Coys

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By Using Ukpong, Abuja

The House of Representatives Committee on Public Accounts(PAC), on Monday, accused the Bureau for Public Enterprises (BPE) of wasting about N10 billion in registering two companies for the Nigeria Postal Service, only for the companies to fold up one year after their take off.

The Committee also directed the Joint Admission and Matriculations Board (JAMB) and the Investment and Security Tribunal to at into the Consolidated Revenue Fund of the Federation, about N3.
457 billion and N6. 327 million naira respectively within thirty days and tender evidence of payment before the committee. Chairman of the Committee, Hon.
Bamidele Salam (PDP, Osun) who spoke at the resumed investigative hearing of the committee said no reasonable Nigerian will believe that N10. 4 billion was spent to register the two companies only for them to fold up barely obe year after. The two companies, NIPOST Transport and Logistics Limited and NIPOST Property reported took off in May 2023 and folded up through a Presidential directive in May 2024.BPE Head of Finance and Accounts who stood in for the Director General of the Agency, Imam Rilwan told the committee that while about N10 billion was given to the two companies for their take off, about N400 million was given to the BPE to prepare the ground for the take off of the companies. He said the issue of registering the two companies for NIPOST was approved in 2017, paving the way for the BPE to expend about N423 million in registering qnd carrying out other activities for the eventual take off of the companies. He said when the money eventually released in 2023, the Bureau had to recover its money, adding that the N423 million given to the BPE was used to rent office accommodation and carry out other essential services. He said while the Bureau paid rent for the two companies from 2022, the companies took pocession of the offices in May 2023, while they folded up in May 2024.He said all property belonging to the two companies have been officially handed over to NIPOST managementHowever, Salam said spending money from. Government coffers before the money is released is a clear violation of the provisions of the Public Procurement Act, adding that such an action was not laughable. Aside trying to justify the expenditure, the representatives of the Bureau could not explain why they would spend money meant for other activities for the two companies, demanding relevant approvals from the Bureau. While expressing displeasure about the development, Salam directed the Director General of BPE, Ayodeji Gbeleyi to personally appear before the committee on Wednesday September 11 at 12.00noon with all relevant documents relating to the transaction. While ruling on the presentation by the Joint Admission ans Matriculations Board, Salam said their refusal to reply letters from. The fiscal responsibility commission informing them of their liabilities was an admittance of their indebtedness to the government. Head of Monitoring and Evaluation of the Fiscal Responsibility Commission, Bello Aliyu Gulmare had told the committee that the exam body was defaulting in its remittance, r emitting only 25 percent of its IGR instead of 50 percent He said the Commission wrote to the Board in April informing them of their indebtedness and another letter in August, adding that the Board did not respond to any of the letters. But the Director of Finance and Account of JAMB who represented the Registrar said the Board was not receiving any capital and overhead funding from the government and was therefore required to remit 25 percent of their IGR. He said there was a government circular that exempted them from remitting 50 percent of their IGR to government, a claim that was disputed by the office of the Accountant General of the Federation. He said the Board has a letter from the Ministry of Finance granting them waiver from paying the 50 percent waiver. While insisting that the FRC was trying to impose on them revenue theybare not supposed to pay, he said they refused to respond to the letters from the commission because they have been doing the back and forth since 2017.Ruling on the submission, the committee chairman and members frowned at the refusal of JAMB to respond to the letters insisting that government us runned based on correspondence. He said the board should pay into the government coffers, the amount standing against them within 30 days. In another ruling, the committee asked the Investment and Security Tribunal to immediately recover and pay ibto government account taxes not deducted from five contractors and the accompanying fine among other liabilities standing against them.

NEWS

NPERA Deepens Transparency, Accountability in Port Sector

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By David Torough, Abuja

The Nigerian Ports Economic Regulatory Agency (NPERA), has reiterated its commitment to transparency, accountability and responsible management of public resources as it settles into its new role as Nigeria’s port economic regulator.

The Director-General/Chief Executive Officer of NPERA, Dr.

Akutah Pius, stated this when he received a delegation from the Civil Society Coalition for Transparency and Good Governance (CSCTGG), led by its Executive Director, Comr. Success Uko, on a courtesy visit to the Agency’s Abuja Liaison Office.

Akutah said the Nigerian Shippers’ Council had transitioned into NPERA under the new legal and regulatory framework, positioning the Agency to provide stronger economic regulation of Nigeria’s port sector.

He assured the delegation that NPERA remained committed to responsible management of public funds in the discharge of its statutory responsibilities, as well as promoting regulatory practices that enhance confidence and efficiency in the maritime sector.

The DG/CEO said the Agency would give due consideration to the Coalition’s request for collaboration and take appropriate formal steps to explore areas of partnership that align with NPERA’s mandate.

Earlier, the Executive Director of CSCTGG, Comr. Success Uko, said the Coalition was seeking a working relationship with NPERA to promote transparency, accountability, public awareness, stakeholder participation and good governance in the maritime sector.

Uko described NPERA as a critical stakeholder in Nigeria’s transport and maritime sector, noting that effective regulation and access to accurate information were important to improving service delivery and strengthening public confidence.

He said the Coalition had developed initiatives focusing on transparency, accountability, good governance and community development, and sought NPERA’s support towards their implementation and wider impact.

According to him, the proposed collaboration would also promote greater awareness among shippers, importers, exporters, transport operators and other stakeholders about policies, procedures, rights and responsibilities within the maritime sector.

He assured NPERA of the Coalition’s readiness to support legitimate programmes and initiatives of the Agency that are consistent with its statutory mandate.

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NEWS

2027: INEC ‌‍‍‍⁠⁠‌⁠‍‍‌‍‌Appeals for Peaceful Conduct, Promises Neutrality

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The Independent National Electoral Commission (INEC) has appealed to political parties, candidates and voters to ensure peaceful conduct before, during and after the 2027 general election.

Resident Electoral Commissioner (REC) of INEC in Ondo State, Dr Mutiu Agboke, made the appeal at a major stakeholders meeting on Thursday at the commission’s offices at Akure South and North Local Government Area of the state.

Political parties, security agencies, traditional rulers, religious leaders, NYSC members, National Association of Transport Owners (NATO) and other drivers union, among others were present.

Agboke, who visited the traditional ruler of Iju and Ita-Ogbolu in Akure North Local Government Area, said the stakeholders meeting became necessary to ensure the forthcoming election was free, fair and credible.

According to him, credible elections are a collective responsibility and that security, traditional institutions and transport unions all play a critical role in protecting voters, officials and election materials.

The REC, who said INEC would remain neutral and transparent, warned that the commission would not tolerate partisan leaning, vote-buying, intimidation or any act capable of undermining the credibility of the poll.

“This advocacy is for the commission and our major stakeholders to be on the same page because our expectation is to let votes count.

“The recent elections conducted by INEC are enough proof to show that people’s votes determine the direction of who wins.

“Meanwhile, we don’t want them to engage in violence, nobody should allow him or herself or wards to be used for violence and desist from engaging in vote buying.

“It is only votes lawfully cast and duly counted would determine winners,” he said.

He, therefore, assured that INEC officials had been trained to adhere strictly to the Electoral Act and its guidelines, while the commission’s doors remained open for questions and clarifications to avoid misinformation.

Agboke reiterated INEC’s promise of neutrality, saying that preparations for the 2027 general elections had already begun in earnest.

According to the REC, the success recorded in recent by-elections in the state will be built upon to deliver free, fair and inclusive polls that reflect the will of the people.

In their separate responses, Oba Idowu Faborode, The Ogbolu of Ita-Ogbolu; Oba Amos Farukanmi, The Okiti of Iju and religious leaders, pledged to sensitise their subjects and congregations on non-violence.

Also, Dr Gbenga Jemiloye, Akure South Local Government Chairman of All Progressive Congress (APC), applauded the commission for the meeting, saying it showed INEC was ready for the election.

The security agencies and drivers union assured of adequate deployment across the state, while the transport unions committed to timely movement of personnel and materials.(NAN)

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DAILY ASSET Loses Political Editor, Mike Odiakose at 63

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By David Torough, Abuja

The management and staff of DAILY ASSET have announced the death of the newspaper’s Political Editor, Mike Odiakose, who passed away in the early hours of Thursday at the Federal Medical Centre, Keffi, following a brief illness.

Odiakose, aged 63, was described by the management of DAILY ASSET as an accomplished journalist, who served with dedication across various media organisations in Nigeria before joining the newspaper two years ago.

In a statement personally signed by the Publisher and Editor-in-Chief of DAILY ASSET, Dr.

Cletus Akwaya, the newspaper expressed sadness over the death of the veteran journalist, saying he would be deeply missed by his colleagues and members of the wider media community.

“Management and Staff of DAILY ASSET regret to announce the sudden passing of our Political Editor, Mr Mike Odiakose in the early hours of today (Yesterday), following a brief illness at the Federal Medical Centre Keffi,” the statement said.

The management noted that Odiakose’s contributions to journalism extended beyond DAILY ASSET, where he worked for two years, having previously served with dedication in several media organisations across the country.

He is survived by his wife and children.

The newspaper prayed for the peaceful repose of his soul and offered its condolences to his family, colleagues and associates.

“May his gentle soul rest in perfect peace. Amen,” the statement added.

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