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Reps Query NIPOST over Irregularities, N10bn Withdrawal

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By Ubong Ukpong, Abuja

The House of Representatives Committee on Finance on Wednesday queried irregularities in the registration of subsidiary companies under the Nigerian Postal Service (NIPOST).

Chairman of the committee, James Abiodun Faleke (APC, Lagos) issued the query when the Ministry of Finance Incorporated (MOFI) alongside other agencies appeared before the committee for an interactive session on the 2024-2026 Medium Term Expenditures Framework/FSP.

Speaking during the session, Faleke noted that documents before the committee showed that two subsidiary companies under NIPOST were registered under individual names as shareholders instead of the Federal Government, wondering why that was so since NIPOST is a federal government asset.

He said the registration of the two subsidiary companies namely, NIPOST Property Company Ltd and NIPOST Logistics were done with individuals as shareholders.

Faleke also raised issues over the approval and withdrawals of N10 billion for the purpose of the registration of the subsidiary companies.

“Is NIPOST part of your asset? I have a document before me. The registration of NIPOST Property Development Company Ltd. I saw that the shareholders of these companies are individuals. Okoh Alexander Ayoola, Adeyemi Alexander, Aliyu Halima; these are personal names. Are people allowed to register NIPOST property in their personal names?

“I also have NIPOST Logistics also registered in personal names. I want to know from you; did you give CAC permission to register Nigerian assets in personal names; some of them were working as civil servants and some of them have retired.

“Are you also aware that N10 billion was approved and withdrawn to be used for the setup of these entities and that same N10 billion came in and also went out in the name of NIPOST from an account opened as NIPOST Property; Are you aware of that”, Faleke queried.

Responding, the Chief Executive Officer of MOFI, Dr Armstrong Takang, admitted there were irregularities within the system and that he needed the support of the committee to address them.

“The question you raised is precisely why this committee needs to partner with us in addressing irregularities in our system. That is one example, there are many cases. The simple answer is simply no; for a federal government entity, the shareholders must be registered under MOFI.

“This was recently brought to my attention and we are on it. We have sent a letter to CAC through the Federal Ministry of Finance that they should not register any shareholder in a government entity other than MOFI. That is the only way in the eyes of the law that the government can claim such property. We did also indicate in that letter that whenever anyone wants to register a commercial entity for the FG, they ought to request for a letter of no objections from MOFI to ensure that the registration process does not in any way undermine what the law states as far as ownership of government interest is. Clearly, that is what that is”, he said.

On the issue of N10 billion reportedly approved and withdrawn for processing the NIPOST subsidiary companies, Takang said the Bureau of Public Enterprises (BPE) would be in the best position to answer that.

He said, “I will defer that question to BPE because BPE supervised the process for unbundling of NIPOST to those two entities which is Logistics Company and Property Development Company.

Earlier in his opening remarks, Faleke said the federal government must not accept laxity on the part of any agency or representative acting on its behalf in signing deals that affect the country.

He said the interactive session with the Agencies and stakeholders on government finances was to ensure the passage of the MTEF/FSP before the presentation of the 2024 annual budget.

Faleke said, “The MTEF is the very basis of the annual budget which is itself the backbone of the implementation of the Federal Government’s plans and policies.

“As the representatives of the Nigerian people, a position which we occupy in trust for them, we owe Nigerians the onerous responsibility of delivering the democratic dividends to the door steps of our constituents in line with our campaign promises.

“We can only achieve them through the powers bestowed on us by the Constitution of the Federal Republic of Nigeria (Amended) i.e. oversight, representation and law making. That is the gumption of the oath we took during inauguration of the 10th House of Representatives.

“As this is the first MTEF/FSP presented by the Administration of His Excellency, Bola Ahmed Tinubu, President and Commander in Chief of the Armed Forces, and received by this 10th Assembly, this interactive session is to familiarize ourselves, we the House Committee on Finance and all the various agencies who have significant inputs in the MTEF and the National Budget”

He noted that the sessions are expected to be held at least quarterly so that projections agreed upon are monitored and oversight reports laid before the House and Nigerians on the progress of the budget.

The Committee Chairman emphasised that revenue is crucial on the outcomes of the National budget.

He said the Committee has observed various factors that have caused shortfalls in expected revenues as well as charges to Government revenues from commitments by agencies of Government.

He added, “The Committee will not accept such laxity on the part of MDAs in not negotiating the best for the Country.

“The $11 billion P&ID fiasco is still fresh in our minds where the whole Country was almost held hostage to a fraudulent agreement.

“Another agreement signed on behalf of the Government by NBET and Azura Power has committed payments of over $30m per month.

“This agreement is dollar denominated and applicable even now in times of acute foreign exchange shortages.

“The Committee is committed to ensure value for money is attained in all Government agreements.

“Our revenues have been reducing over the years due to decreases in oil revenues which used to be our major earner. The Committee has vowed to get to the bottom of these oil shortfalls.

“The NNPC, our oil asset managers, give oil theft as the main cause; however, how are our marginal field operators performing vis-a-vis the various oil fields’ potentials?”

The Accountant General of the Federation, Oluwatoyin Madein who was present at the session, said the federal government was doing everything possible to block revenue leakages and shore up the revenue of the government to meet its needs.

Health

FG Promises Access To Eye Care For Every Nigerian

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Dr Iziaq Salako, the Minister of State for Health and Social Welfare says the Federal Government will ensure that every Nigerian has access to the eye care they need.

Salako said this in Abuja on Thursday at the Eyeball Summit organized by the Optometrists and Dispensing Opticians Registration Board of Nigeria (ODORBN).

The summit’s theme was “Shaping the Future of Eye Care in Nigeria: Strengthening Systems Through Strategic Alliances”.

According to Salako, the theme is quite apt and aligns with the ministry’s current line of investment in the health sector.

He said that it also aligned with the overall goal of the Renewed Hope Agenda to ensure that Nigerians are provided with the healthcare they need at any point in time without financial hardship.

He said that in the face of rising challenges, such as the increasing burden of visual impairment and the growing demand for eye care services, the ministry may not address the issue of eye health in isolation.

“By working together, we can ensure that every Nigerian, regardless of their geographical location or economic status, has access to the eye care they need.

“This summit serves as an important platform to collectively strategise and propose concrete solutions that can strengthen the eye care system in Nigeria.

“It can not be optimally productive without strategic alliances, collaboration and cooperation.

“It is through partnerships that we can pool resources, share expertise and develop innovative solutions to overcome the gaps in eye care provision,” Salako said .

According to him, it will include increasing awareness about the importance of regular eye check-ups, ensuring that the necessary infrastructure and human resources are in place to support the delivery of services.

He said that the partnership would also promote eye health friendly policies and provide continuous professional development training to ensure that eye health care givers are up to date in their knowledge and skills.

“The government is committed to ensuring that you have the necessary tools, policies, and an enabling environment to carry out your work effectively.

“Under this administration, we will continue to expand access to affordable eye care services, which are critical in a country where a large proportion of the population live in underserved areas,” he said.

Dr Obinna Awiaka, Registrar of the board, said that the summit was, a testament to their collective commitment, resilience, and aspiration.

Awiaka said that it symbolised the board’s relentless pursuit of excellence, the prioritisation of knowledge, innovation, partnership, and an unyielding devotion to preserving and enhancing the gift of sight for all Nigerians.

According to him, in an era marked by rapid technological change, shifting patient needs, and complex healthcare challenges, it is imperative that the custodians of vision health, stay ahead of the curve.

“We must constantly evolve, embracing innovation while upholding the highest ethical and professional standards.

“The theme speaks to a fundamental truth: No single entity, no matter how skilled or committed, can achieve transformative change alone,” he said.(NAN)

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Metro

Infrastructure: We Have Renovated, Furnished 60 Schools in FCT – Wike

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The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, says the FCT Administration has renovated and furnished more than 60 public schools across the territory.

Wike stated this after inspecting some ongoing projects in Gwagwalada and Kwali Area Councils of the territory on Friday.

He explained that beyond road projects, the FCT Administration had invested hugely in improving critical infrastructure in the health and education sectors among others.

According to him, every sector will receive the needed attention, and no one will be left behind.

“We have done a lot of work in schools. The schools we have renovated and furnished are more than 60 so far.

“I can tell you that no sector would be left abandoned, every sector will be focused on.”

The minister, however, pointed out that “good road network is what brings development.

“When there are no roads, which school will you go to?

“When there are no roads, which hospital will you go to?

“So first of all, the key thing that drives development is a good road network all over the world.

“If you’re talking about agriculture, how will you go and harvest your produce when there is no road?”

Wike said that the farming communities along the A2 to Pai road would be happy that they now have a road network to take their farm produce to the city and markets to sell.

He added that good road networks also impacted positively in reducing insecurity.

He explained that when people commit offences and there was no road to chase them, it would become a problem.

“But when you see this kind of road with streetlights, you will have to think twice before you commit any offence,” the minister said. (NAN)

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JUDICIARY

Woman, 42, Docked Over Alleged Theft Of Soft Drinks Worth N7.688m

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 A 42-year-old woman, Bukola Solademi, was on Friday arraigned before a Mapo Grade A Customary Court in Ibadan over alleged theft of carbonated drinks and bottled water valued at N7.688 million.

Solademi, however, pleaded not guilty to the one-count charge levelled against her.

The court’s President, Mrs O.

E. Owoseni, admitted the defendant to bail in the sum of N500,000, with two reliable sureties in like sum.

Owoseni said that the sureties must be blood relatives, show evidence of three years tax payment to Oyo State government, present their National Identification Numbers and show evidence of ownership of landed property in Ibadan.

She, thereafter, adjourned the matter till July 4 for hearing.

The Prosecutor, Insp Ayodele Ayeni, had earlier told the court that the defendant committed the offence between March 2024 and April 2025 at Ibikunle, Ayeye area of Ibadan.

Ayeni further said that Solademi stole 12 packs of Bigi water valued at N14,750, 31; packs of big Eva water valued at N309,400, 176 and packs of Mr V water valued at N264,400.

He said that the defendant also stole 405 packs of Predator valued at N1.903,400 and 14 packs of Schewepps valued at N57,600.

The prosecutor listed other items allegedly stolen by the defendant to include: 244 packs of pet coke valued at N882,300; 20 packs of big American cola valued at N128,00012 and packs of Bigi Cola valued at N240,000.

The remaining items were one carton of Lacasera valued at N1,850,240,000; 34 cartons of Pepsi valued at N104,100; 100 cartons of Coca-cola valued at N520,000 and 243 cartons of Fearless valued at N992,300.

The other stolen drinks were: 75 cartons of Bigi Fanta valued at N240,000, 14 packs of Sosa drink valued at N4,000 and 395 packs of Bigi American cola valued at N1.422 million.

Ayeni said that the drinks belonged to one Ajoke Ayinde, a businesswoman.

According to him, the offence contravenes the provisions of section 390(9) of the Criminal Code, Cap. 38, Vol. II, Laws of Oyo State, 2000. (NAN)

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