- Excess Crude Account hits $1.803bn
The National Economic Council (NEC) has directed the Nigerian National Petroleum Corpoling about N8 trillion (about $21 billion) and another N526 billion into the Federation account. ration (NNPC) and other revenue generating agencies to immediately refund un-remitted revenues total- NEC, which comprises governors of the 36 states of the Federation and the Minister of the Federal Capital Territory (FCT), the governor of the Central Bank of Nigeria (CBN) and the Minister of Finance is chaired by the Vice President, Prof. Yemi Osinbajo.
The decision of directing the NNPC and other revenue generating agencies of government to make the refund followed the adoption of an audit report by the KPMG between 2010 and 2015.
As a result of suspected cases of revenue leakages, NEC, in August 2015, had constituted an ad-hoc committee on remittances to carry out forensic audit and investigate some government agencies said to be in the habit of remitting dollar revenue in naira into the national treasury.
The ad-hoc committee was initially chaired by the former Governor of Edo State, Adams Oshiomole, who handed over to Dr. Ibrahim Dankwabo of Gombe. Briefing State House Correspondents after yesterday’s meeting, Damkwanbo said the NEC adopted the presentations and reports of the KPMG and the recommendations and resolved to identify instances where there appears to have been criminal infringements and forward such to the Attorney-General of the Federation and the Legal Committee of the NEC for further action.
He said Council also resolved to pursue the strengthening of the NNPC governance structure to prevent further recurrence of such gross under-remittance by the NNPC and other RGAs. Dankwambo said after receiving the KPMG audit report, the Minister of Finance, Kemi Adeosun, recommended for the affected revenue generating agencies to refund the monies to government coffers.
“And the Finance Minister recommended refund of the amount underpaid,” he noted. Dankwabo, who was joined by the governor of Zamfara State and chairman of the Nigerian Governors Forum (NGF) Abdul’Aziz Yari; Governor of Osun State, Rauf Aregbesola and the Minister of Budget and National Planning, Udoma Udo Udoma, said the organizations audited include Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria Ports Authority (NPA), Nigeria Customs Service (NCS). Dankwambo said the audit was for the revenue generating agencies that have paid into the Federation Account and those that paid for Federal Government agencies.
“We are talking about federation account because those that paid by law to Federal Government are the responsibility of the Federal Government. So, all the entities in the budget that are supposed to pay revenues into government coffers were checked from 2010 to June 2015.”
“One of the resolutions of NEC today is to extend the audit to June 2017. So, the audit will continue for the remaining agencies. It is NNOC, NPDC, DPR, Customs, Federal Internal Revenue Services, NPA, Maritime Authorities, all the revenue generating agencies and the details of the infringement that are contained in the report. Because it is a voluminous report, there are a lot of items that are there.
“The most important decision that was taken is that a sub-committee will be set up, which will be an arm of the legal committee of NEC that will look into details of these kinds of infringements and make sure that those issues that are criminal and require prosecution will be handled by office of the Attorney General of the Federation. In his remarks, Yari said that NEC also discussed the idea for states to determine how much is paid as subsi-dy by government and not NNPC.
He said: “Yes, the item was brought up for discussion, but it was referred back to the sub-committee on remittances in which I’m chair. We are doing the nittygritty with NNPC in terms of remittances.
“Don’t forget that the reason we got it right in 2016 on the NNPC side is because the oil prices were too low. It was easy for everyone to get fuel into the country and then make profit.
So, when the price started jacking up, then the marketers started adjusting back because they needed to have a template of cost recovery and how they are going to make up the difference from the pump price to the landing cost of what they are importing.
“Our problem is the volume, the quantity of consumption, which is not acceptable. Working with the governors, so many decisions were taken. But by next month, we are going to adopt that position either for the governors to take responsibility for the subsidy in their states based on the consumption, or we look at other ways.
“For instance, if you say we paid N800 billion subsidy, you will ask who are we paying the subsidy to? And if you look at infrastructure development and capital programme of the Federal Government, it is about N1.1 trillion, almost 70 per cent of what you are spending developing the economy. “If there is no infrastructure development, then you cannot talk about development of the economy.
N800 billion is a huge amount that we must look at it. Who is benefiting from it? So, we are coming up with a strategy, we are going to meet in the month of May and June. By next meeting, we will definitely come up with a position of the government at both level of the volume of what is being brought into the country and what the state and Federal Government collaborate to check,” he stressed.
Meanwhile, NEC also said that the current balance in the Natural Resources Development Fund as at May 14, 2018 stands at N116.104 billion. The balance in the Excess Crude Account (ECA) as at May 14, 2018 stands at $1.830billion.
VIDEO: Sunday Igboho steals show as Moshood Adeoti declares to succeed Aregbesola
One of the leading aspirants in the race to Abere government house for the September 22nd governorship election in Osun state, Alhaji Moshood Olalekan Adeoti popularly addressed as “SHEU” by his admirers has officially declared his intention to contest for the post of the governor, to succeed his boss, Ogbeni Rauf Aregbesola under the platform of the All Progressives Congress APC.
He made his intention known when he visited the state secretariat of the party in Osogbo, accompanied by his teeming supporters, loyalists and well-wishers gathered from all local governments of the state, in his words at the occasion, “Mr. Chairman, I have come forward today as a disciplined and active party member of APC to declare my interest in contesting for the governor of Osun, I have gathered valuable experience over the years, starting from my humble political background as a councilor in Iwo to the state party chairman of Action Congress AC, Action Congress of Nigeria ACN, and now the secretary to the state government in the last eight years, i am most experienced and qualified among all the contestants from both the PDP and APC ” he said.
My interest primarily is to make success out of everywhere Governor Rauf Aregbesola has failed as we have many shortcomings as an administration but government is a continuum, our party APC made many promises which we cannot fulfill but I vow to fulfill all of them if elected as governor. I also want to align with the six integral action plan of Aregbesola and I am totally committed to fulfilling them all provided the APC will give me the platform to contest as its flag bearer, he stressed further.
Speaking at the short ceremony, one of the notable personality who accompanied Adeoti to the ceremony, Chief Sunday Igboho Adeyemo, a chieftain of PDP in Oyo State and a former ally of former Governor, Prince Olagunsoye Oyinlola who affirmed his total readiness to work assiduously for the emergence and success of Adeoti at the polls categorically assured that all known and prominent thugs within and outside Osun will be mobilized to support the ambition of Adeoti. Igboho, a known confidant of Senator Rashidi Ladoja said he has gotten approval of Ladoja to support the APC aspirant.
One of the party elders from Ejigbo who accompanied Adeoti to the event but prefers to stay anonymous expressed shock about the missed opportunity and lack of cohesion displayed by the grassroot politician of Adeoti caliber, this was an opportunity for Sheu to itemize his manifesto to the party and people, prove bookmakers wrong that he has the capacity needed to administer our state, he also failed to showcase to the public the achievements of the administration in which he served as SSG for eight years, instead was hammering on areas of weaknesses and failures of Aregbesola, the former AD councillor lamented.
“We have over 50 party leaders here, and Sunday Igboho who is not a resident, citizen or voter in Osun state was the one of the persons recognized by the SSG to address the gathering, Igboho that was in Osogbo 2months ago for the PDP state Congress where Adagunodo was elected chairman, this is an insult to our collective sensibility in Osun, the septuagenarian questioned.
When asked when he will resign his present appointment, he simply answered, there is no place in Nigeria or APC constitution where it was written that I have to resign because I want to contest for governor, I’m still the SSG, he boasted.
I built my demolished house with gratuity, says landlord
Landlords and residents of Iyeri community, located at Imota, Ikorodu area of Lagos State, have cried out over what they described as the illegal demolition of completed and uncompleted buildings in their communities.
The Iyeri community chairman, Mr Tony Aghedo, said that all the buildings in the community were demolished on April 4, 2018, by the Lagos State Building Control Agency. According to them, they were shocked to see that the bulldozers, which pulled down their homes, were escorted by hundreds of policemen and soldiers.
The community chairman said that he was disallowed to evacuate his property out of his house by the policemen and soldiers, leading to destruction of his property. Tony, who noted that it was the state Ministry of Agriculture that directed the state building control agency to demolish all buildings in the community, added that the community lawyer had already been alerted and that a protest had been held at the state government house.
Tony further said: “It was a tragic day for us. Every landlord and landlady in the community bought their land from the Shupori family. We don’t know the genesis of this land. We only heard that there had been an agreement between the Ministry of Agriculture and the family in question, which was not supposed to affect us.” In a voice filled with emotion, Tony cried out: “I built my now demolished house with my gratuity. I’m just a retired civil servant.
There should at least be a compensation of a sort for us. We must not allow this ministry to intimidate us because we are very sure there has been a conspiracy.” A landlady, who gave her name as Iyaafin Adekola, said: “On the day of the demolition, the policemen were power drunk due to the extent that phones of those who tried to defend their homes were snatched and smashed.” Adekola, a petty trader, said that she was able to raise money, buy and built her now demolished house by working to the bones.
She was said to have collapsed when bulldozers rode through the walls of her two-bedroom apartment, pulling everything to the grounds. She added: “The next place I found myself after witnessing the horrible incident was in the hospital.
I had received two drips. My children and I, live in an uncompleted building.” Comfort Oladeji, 57, implored the government to compensate the affected community members. Oladeji said that it took her 10 years to build her house, which, was demolished within seconds.
The community secretary, Mustapha Akeem, said that necessary actions had been taken, stressing that those who were affected had staged a protest to the Lagos State House of Assembly and other vital places.
He added: “I’m sad because I’m a civil servant, working under the Lagos State Government. We have staged a protest and we are happy that the Governor Akinwunmi Ambode, has given us an appointment date. We wished to be compensated.”
Fani-Kayode’s wife delivers triplets on her birthday
Precious, wife of former Aviation Minister, Dr. Femi Fani-Kayode, was yesterday delivered a set of triplets. Precious, who gave birth to three boys, made the announcement on her Instagram page on yesterday.
The former beauty queen further revealed the names of her new babies. She wrote via her handle @snowhiteey: “Thank you Lord for these special birthday gifts. My target was 35 weeks and exactly today, Ragnar, Aiden and Liam just arrived. “I’m doing fine and so are my boys. Thanks for your prayers and wishes, I really do appreciate.”
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