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Give Account For Missing N100bn Dirty Notes, Others, SERAP Tells CBN Gov
By Kayode Sanni-Arewa
The Socio-Economic Rights and Accountability Project has urged the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, “to account for and explain the whereabouts of the over N100 billion ‘dirty and bad notes’ and ‘other large sum of cash awaiting examination’ which are kept in various branches of the CBN.”
In a letter dated June 29, 2024, and signed by its Deputy Director, Kolawole Oluwadare, SERAP said the allegations are documented in the latest annual report recently published by the Auditor-General of the Federation.
The organisation said these allegations by the Auditor-General suggest grave violations of public trust, the provisions of the Nigerian Constitution, the CBN Act, and national and international anti-corruption obligations.
SERAP also asked Cardoso to “explain the whereabouts of the N7.2 billion budgeted for the construction of the CBN Dutse branch in 2010 and the N4.8 billion budgeted for the renovation of the CBN Abeokuta branch in 2009, and to publish the names of the contractors who collected the money but failed to complete the projects.”
SERAP urged the CBN boss “to explain the whereabouts of the allegedly missing outstanding loan of N1.2 billion granted to the Enugu State Government in 2015 and the outstanding loan of N1.9 billion granted to the Anambra State Government between 2015 and 2016 and to fully recover and remit the public funds to the treasury.”
It also asked him “to refer these grave violations of the Nigerian Constitution 1999 (as amended), the CBN Act and the country’s national and international anti-corruption obligations to appropriate anti-corruption agencies for investigation and prosecution, as appropriate, and the recovery of the public funds.”
The letter read in part, “We would be grateful if the recommended measures are taken within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and the CBN to comply with our request in the public interest.
“Explaining the whereabouts of the missing public funds, publishing the names of those suspected to be responsible and ensuring that they are brought to justice and the full recovery of any missing public funds would serve the public interest and end the impunity of perpetrators.
“According to the recently published 2020 audited report by the Auditor General of the Federation (AGF), the Central Bank of Nigeria (CBN) has since 2017 been keeping over N100 billion ‘dirty and bad notes’, and other large sums of cash awaiting examination in various branches of the CBN.
“The Auditor-General fears that the ‘dirty and bad notes’ initially planned to be destroyed may have been ‘diverted and re-injected into the economy.’
“The CBN in August 2010 also reportedly budgeted N7.2 billion [N7,286,500,476.76] for the construction of the Dutse branch building. The Dutse branch was due to be completed in November 2012 but the contractors have failed to complete the project.
“The Auditor-General is concerned that the project may have been ‘awarded to an incompetent contractor,’ and wants the ‘job completed without further delay.’
‘The CBN in 2009 reportedly budgeted N4.8 billion [N4,812,608,028.10] for the renovation of the CBN Abeokuta branch. The Abeokuta branch was due to be completed in 2012 but the contractors have failed to complete the project.
There is no significant renovation work on the site, several years after the proposed completion date. The Auditor-General is concerned that the project may have been ‘awarded to an incompetent contractor,’ and wants the ‘job completed without further delay.’”
SERAP said these violations also reflect a “failure of CBN accountability more generally and are directly linked to the institution’s persistent failure to comply with its Act and to uphold the principles of transparency and accountability.”
It added, “The CBN also reportedly failed to account for the missing outstanding loan of N1.2 billion granted to the Enugu State Government in 2015 and the outstanding loan of N1.9 billion granted to the Anambra State Government between 2015 and 2016. The Auditor-General fears the public funds may have been diverted. He wants the money fully recovered and remitted to the treasury.
“Paragraph 708 of the Financial Regulations 2009 provides that, ‘on no account should payment be made for services not yet performed or for goods not yet supplied.’
Section 35(2) of the Public Procurement Act 2007 provides that, ‘once a mobilization fee has been paid to any supplier or contractor, no further payment shall be made to the supplier or contractor without an interim performance certificate
Section 16(6) of the Public Procurement Act states that ‘all bidders shall possess the necessary professional and technical qualifications to carry out particular procurements; the financial capacity and adequate personnel to perform the obligations of the procurement contracts.’”
SERAP asserted that these alleged violations have seriously undermined the ability of the CBN to effectively discharge its statutory functions and the public trust and confidence in the bank.
According to the organisation, the apex bank ought to be committed to transparency and accountability in its operations.
It added, “SERAP notes that Section 15(5) of the Nigerian Constitution requires public institutions to abolish all corrupt practices and abuse of power.” Section 13 of the Constitution imposes a clear responsibility on the CBN to conform to, observe and apply the provisions of Chapter 2 of the Constitution.
Paragraph 3112(ii) of the Financial Regulations 2009 provides that, “Where a public officer fails to account for government revenue, such officer shall be surcharged for the full amount involved and such officer shall be handed over to either the Economic and Financial Crimes Commission (EFCC) or the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
“Nigeria has made legally binding commitments under the UN Convention against Corruption to ensure accountability in the management of public resources. Articles 5 and 9 of the UN Convention against Corruption also impose legal obligations on the CBN to ensure proper management of public affairs and public funds.
“Nigerians have the right to know the whereabouts of the public funds. Taking the recommended measures would advance the right of Nigerians to restitution, compensation and guarantee of non-repetition.
“The Nigerian Constitution, Freedom of Information Act, and the country’s anti-corruption and human rights obligations rest on the principle that citizens should have access to information regarding their public institutions’ activities.”
News
19 out of 38 Directors advance in race for Perm Sec slots
At least 19 of the 38 eligible directors who sat for the Permanent Secretaries’ examination sailed through the first stage and will proceed to the second stage of the selection exercise.
The process of appointing new Permanent Secretaries commenced on Monday, November 11, 2024, with a written examination. Of the 38 directors who took the examination, 19 did not pass.
The Head of Information and Public Relations at the Office of the Head of Service of the Federation, Eno Olotu, confirmed the development in a statement on Tuesday in Abuja.
She noted that the exercise continues President Bola Ahmed Tinubu’s commitment to enhancing and sustaining effective public service delivery, led by top-ranking civil servants equipped with essential 21st-century skills.
“The Office of the Head of the Civil Service of the Federation has commenced the three-stage assessment for appointing new Permanent Secretaries on Monday, November 11, 2024, with a written examination.
“Nineteen of the 38 eligible directors who sat for the examination have scaled through this first stage and will be participating in the second stage, which will test their competence in using information, communication, and technology (ICT) in conducting government business on Wednesday, November 13, 2024.
“This three-stage exercise follows the established tradition of a transparent and rigorous process, designed to ensure that the very best candidates are appointed,” Olotu stated.
The statement added that successful candidates will then proceed to the final stage, appearing before a carefully constituted panel of top bureaucrats and representatives from the organised private sector on Friday, November 15, 2024.
“This process will culminate in Mr President’s appointment of the best candidates representing the eight states of Abia, Bayelsa, Ebonyi, Enugu, Gombe, Kaduna, Kebbi, and Rivers, where vacancies exist.
“The Head of the Civil Service of the Federation congratulates all 38 candidates and appreciates the continued support of the Nigerian public in fostering meritocracy in career progression within the Civil Service,” the statement added.
News
Grid collapse: EFCC probes electricity contracts
The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, on Tuesday, attributed the country’s epileptic power supply to corruption within the power sector.
He said the commission initiated a probe into the sector, adding that what it uncovered during its investigations would make Nigerians shed tears.
Speaking during the visit of the House Committee on Anti-Corruption and Financial Crimes to the commission’s headquarters in Abuja, Olukoyede lamented that contractors awarded projects to supply electrical equipment often opted for substandard materials.
He said this practice was a major cause of frequent equipment failures, outages, and grid collapses.
Olukoyede said, “As I am talking to you now, we are grappling with electricity. If you see some of the investigations we are carrying out within the power sector, you will shed tears.
“People who were awarded contracts to supply electricity equipment, instead of using what they call 9.0 guage, they will buy 5.0.
“So, every time you see the thing tripping off, gets burnt, and all of that, It’s part of our problems.”
He also stated that during its investigations, the commission discovered that in the last 20 years, capital project implementation and execution in the country were not up to 20 per cent.
He said the country could not achieve infrastructural or other forms of growth under such conditions.
“We discovered that in the last 15 to 20 years, we have not done up to 20 per cent of our capital project implementation and execution.
“And if we don’t do that, how do you want to have infrastructural development? How do you want to grow as a nation?
“So our mandate this year is to work with that directorate and with the National Assembly to see if we can meet up to 50 per cent of execution of our capital project for the year.
“If we do 50 per cent, we will be fine as a nation. The lack of implementation of this capital project, capital budget, is one of our major problems in Nigeria.
“If we can tackle that effectively, we will make progress as a nation. So we are doing everything to see how we can achieve that with your support.”
The anti-graft boss said the commission received over 17,000 petitions, adding that over 20,000 cases were currently under investigation.
He said, “We have several cases filed in court, apart from the conviction, running to thousands.
“In the last year, we have received over 17,000 petitions in EFCC. And right now, as I’m talking to you, we are investigating over 20,000 cases.
“Between last October and now, we have opened over 4,800 new cases. And what is our staff spread? We are less than 5,000 and now, with the additional responsibility of over 700 MDAs, 36 states, 774 local governments, and all of that.”
The Chairman of the committee, Obinna Onwusibe, called on the EFCC to collaborate with the judiciary to expedite the trials of suspects and reduce the number of inmates awaiting trial.
He said, “At this point, let me add that recently, on oversight visits to the maximum and minimum correctional centres in Kirikiri, Lagos State, numerous suspects have been awaiting trial for over one year, and yet we are all acquainted with the saying that justice delayed is justice denied.
“It is on this note that we call on the EFCC, the Attorney General of the Federation, and the judiciary to improve and ensure that the administration of criminal justice works in collaboration for an effective and efficient system that will bring about justice delivery to victims and society.”
He also urged the EFCC to ensure transparency and accountability in its operation.
“The negative maxim being peddled in certain quarters is that the agency is often being used to settle political scores, and this must be corrected by the EFCC,” he said.
News
DHQ moves to stop Lukarawa’s recruitment drive
The Defence Headquarters has said the new terrorist group, Lukarawa, has begun a recruitment process to bolster its fighting capabilities.
It, however, said the military was aware of the group’s recruitment activities and working closely with other security agencies and the state government to halt the recruitment efforts.
The DHQ had, last Thursday, confirmed the emergence of a new terrorist group known as ‘Lukarawa’ in the northern region, with operations in Sokoto and Kebbi states.
The Director of Media Operations, Maj Gen Edward Buba, said the terrorists began incursion into the northern parts of Sokoto and Kebbi states from the Niger Republic and Mali axis, particularly after the coup in the Niger Republic.
He blamed residents of the region for accommodating the terrorists and failing to report their movements to the military and other security agencies.
On Friday, the new terror group attacked Mera town in the Augie Local Government Area of Kebbi State while residents were preparing for Jumaat prayers, killing at least 15 people and carting away at least 100 cows.
Speaking in an interview with our correspondent on Tuesday, Buba said the terrorists were using sermons and welfare packages to entice the youth.
He added that the terror group was also using social media to drive its recruitment efforts.
Buba said, “The group is employing social media platforms, showcasing sermons and enticing recruits with welfare packages.
“Nevertheless, we know of these plans and are working together with other security forces and the state government to thwart the efforts of the terrorist.”
A former Director of the Department of State Services, Mike Ejiofor, argued that although the group had been in existence since 2018, the country’s intelligence agencies had been monitoring their activities.
He said the sect’s members were too few to constitute a serious threat to national security.
He said, “It must be clear that this group has been there since 2018. It’s not a new group. They have been there since 2018. They were brought in there by the community leader who wanted to help them fight. This group was formed by Nassala in Niger Republic. So when he died, the Nigerien government could not control them.
“So they were invited to assist them in Sokoto. They were there, but eventually, the Sokoto State government used their non-kinetic approach to make them leave that place through negotiation.
“Some of them remained, and they’ve been operating on a very new team. So it’s not as if it’s a new terrorist group that has just emerged.
“So they’ve been there, and the intelligence agencies have been following their activities. I can’t tell you the exact number now, but they are not men that can pose a major threat to our national security.
“But that is not to say that we will leave them. The intelligence circle is also following their activities.”
Ejiofor stated that security agencies must intensify their intelligence efforts and communities must support these agencies to help eliminate the terror group.
He said, “Yes, they might be trying to recruit some people. The intelligence services are monitoring their activities with a view to putting them in check so that they don’t take root within that area.
“There’s no cause for alarm, but you cannot at the same time underplay any security threat in the country. There’s much we can do through communal support.”
He blamed the community for not reporting the activities of the bandits.
“If they report, they’ll be in trouble. If they fail to report, they’ll be in trouble. So the best thing is to support the government.
“You know, they collect taxes from these people and make them raise funds and all these things. So they are in a precarious position.
“I think the best thing for us to do is to intensify intelligence efforts and operational efforts from the security agencies to make sure they are put in check before they spread,” he said.
A security expert, Timothy Avele, said, “From open sources we gathered the group has been in existence for the past six years.
“In fact, in some Kebbi communities, they’re collecting levies and handling judicial cases and even preventing emirs from carrying out their lawful duties.
“So it means they have been existing but have not been known to the press and general public.
“If this is confirmed to be true, it, therefore, means the security agencies, especially the DSS and police intelligence department failed in their primary responsibility of gathering and analysing strategic intelligence.”
He added that with the hardship in the country, it would be difficult to stop the group’s recruitment drive.
“However, if their sources of funds are targeted and blocked and their top leadership/sponsors (both local and foreign) eliminated, including carrying out specific cyber operations, only then it could be stopped,” he said.”
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