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NNPCL, FIRS, Police fingered as govt agencies evading audit

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The Senate committee on public account, has listed the Nigerian National Petroleum Company Limited, NNPCL,  Federal Inland Revenue Services, FIRS, Nigerian Police Force, NPF, Office of the Accountant General of the Federation, among MDAs which have refused to appear before the public account committee.

Chairman of the committee, Senator Ahmed Wadada Aliyu (Nasarawa West), expressed dismay over the delay tactics and refusal of some MDAs to appear before the committee and tender account for the year ended 2019.

Aliyu, on Tuesday at a press briefing in Abuja, decried some agencies have willfully failed to honour invitations to defend their written responses to the audit queries as submitted to the Committee Secretariat.

According to Aliyu, the Committee has over time, extended invitations to those agencies providing them ample opportunities to defend their queries but for reasons best known to them, these agencies have chosen to dIsregard invitations.

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He said, “the desire of the Public Accounts Committee to timely discharge its constitutional and legislative function is being delayed by the evasive and negative actions of some CEOs or accounting officers of the concerned MDAs.

“The Committee is very displeased with the attitude of foot dragging by agencies who are by law. expected to respond to
parliamentary invitations and account for their actions.

“Section 62 (1) of the Constitution of the Federal Republic of Nigeria as altered, states The Senate or the House of Representatives may appoint a committee of its members for such special or general purpose as in its opinion would be better regulated and managed by means of such a committee, and may by resolution, regulation or otherwise, as it thinks fit, delegate any functions exercisable by it to any such committee.

“Provisions of Sections 88 and 89 of the Constitution of the Federal Republic of Nigeria and Rule 95(5) of the Standing Orders of the Senate, 2023 (as amended) vest the Public Accounts Committee with the mandate of ensuring accountability and transparency in the management of the public accounts of the Federation.

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“The Committee has powers to consider and inquire into the Report of the Auditor-General for the Federation on the Accounts of the Federation and to also embark on status inquiry on revenue generation ahd exoenditures oT the accounts of the Federation.

“Distinguished ladies and gentlemen, I have called you this afternoon as Core partners not only in our Committee’s proceedings but as constitutionally empowered workers/servants in the vineyard of constitutional democracy to express our concern and displeasure at the attitude of some MDAs and their CEOs towards Our invitations to defend the audit queries raised against them in the Auditor-General’s Annual Report for the Year ended 31st December, 2019.

“It is worthy to state that the Committee Commenced the consideration of the Audit Report in October, 2023, with a view to presenting its report.

“Beside the demand for submission of written responses to audit queries, part of the Committee’s rules of engagement requires that Accounting Officers attend the Committee’s Public Hearing to respond to questions arising from the analysis of their submissions which in turn forms a basis for informed decision on the matter by the Committee.

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“This action by the concerned MDAs impacts on the Committee’s calendar and plan to submit its report to Senate Plenary.

“It is on this note that we as a Committee have resolved that going forward, the Senate Public Accounts Committee will go ahead to consider their audit queries as contained in the Auditor-General Annual’s Report and any MDA that henceforth fails to honour invitations to respond and present its defense, the Committee will adopt the position of the Auditor.

“Also, this resolution would be added to our rules of engagement if MDAS fail to improve on their attendance to our invitations”.

MDAs evading appearance as listed by the Chairman includes, Nigeria Mining Cadastre Office, Federal Inland Revenue Service, Nigerian Upstream Petroleum Regulatory Commission (former DPR), Federal Ministry of Industry, Trade & Investment and FCT Internal Revenue Service.

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Others include, Nigeria Immigration Service, Federal Ministry of Women Affairs, Ministry of Defence and Nigeria Communications Satellite Limited.

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Brain Drain, Infrastructure, Resource Allocation Challenges Of Health Sector – Reps

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By Gloria Ikibah
The House of Representatives has highlighted the detrimental impact of the mass migration of health workers from Nigeria, describing it as a major challenge to the country’s healthcare system.
The Chairman, House Committee on Health Institutions,  Rep. Amos Magaji, stated this during a public hearing on 16 bills aimed at establishing various health institutions, on Thursday in Abuja.
Rep. Magaji underscored the need for better distribution of healthcare facilities, particularly in rural areas, to address population growth and healthcare gaps.
He noted, “Recently, there has been an enormous migration of doctors, nurses, and other health workers in search of ‘greener pastures,’ leaving Nigeria’s health sector severely understaffed. To improve the sector, we must invest in human resources, medical intelligence, and the administrative appointment of capable persons based on merit.”
The Chairman also brought to light the infrastructural deficiencies in healthcare institutions across the country, citing inadequate funding, lack of maintenance, and insufficient equipment as recurring issues.
The Minister of Health, Prof. Mohammed Ali Pate, represented by Dr. Jimoh Olawale Salahudeen, in his submission warned against the duplication of health institutions, and stated that such efforts would strain the already scarce resources.
He explained, “Existing Federal Teaching Hospitals and Medical Centers in Nigeria, including those in the North West, already provide cardiovascular care and related services. Establishing a new institute would add financial burden without addressing the core issues.”
Pate also acknowledged the migration of health workers and the need for a stronger workforce to handle emerging health challenges.
“The Federal Ministry of Health supports the establishment of new institutions but insists on considering geographical spread, population density, and disease burden in proposed locations,” he added.
The hearing emphasised the need for balanced development in the healthcare sector, adequate funding for existing institutions, and policies to retain health professionals in Nigeria.
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Access Bank (UK) Limited to Acquire AfrAsia Bank Limited

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By Gloria Ikibah
Access Holdings PLC has announced that its subsidiary, The Access Bank UK Limited (“Access UK”), has signed a binding agreement to acquire a majority stake in AfrAsia Bank Limited, the third-largest bank in Mauritius by total assets.
Mauritius, known for its strong financial sector, which contributes 13.4 per cent to its GDP, offers Access UK a strategic base to grow its personal and corporate banking services.
This was contained in a statement by its Company Secretary, Sunday Ekwochi, made available to Naijablitznews.com on Thursday.
According to Ekwochi, the acquisition will also position Mauritius as a hub for Access Bank’s trade finance operations, enhancing its ability to manage cross-border transactions across Africa and internationally.
AfrAsia Bank, as of June 30, 2024, reported total assets of over $5.7 billion and a net profit after tax of $152.4 million, underlining its solid financial position.
**Key statements on the acquisition:**
– Managing Director/CEO of Access Bank Plc, Roosevelt Ogbonna, speaking on the acquisition said:  “This acquisition is a crucial step in our African growth strategy, strengthening our position as a top Pan-African financial institution. Mauritius’ role as a financial hub aligns with our vision to unlock opportunities that drive trade, support businesses, and promote economic inclusion across the region.”
Also Managing Director of Access Bank UK, Jamie Simmonds, stated: “AfrAsia Bank’s strong balance sheet and established brand in Mauritius give us a solid platform for sustainable growth. This deal supports our strategy to diversify earnings and provide clients with seamless access to global markets.”
Access Bank UK aims to promote sustainable growth, deliver innovative financial solutions, and support trade between Africa and the world.
The acquisition process will be finalized in the coming months, with updates provided as needed.
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FEC approves ₦47.9tn 2025 budget

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By Kayode Sanni-Arewa

The Federal Executive Council, FEC, has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year.

Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu.

This was part of the Medium-Term Expenditures Framework, MTEF, for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.

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“And equally, the fiscal objectives were conservative, because we want to ensure that we study the course much as we believe the projections will be exceeded.

“The budget size that was approved for presentation to the National Assembly in the MTEP is ₦47.9 trillion, with new borrowings of ₦9.2 trillion to finance the budget deficit in 2025,” Bagudu said.

“We need to sustain the market deregulation, commendable market deregulation of petroleum prices and exchange rate, and to compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even to consider the need to amend the relevant sections of the petroleum industry act 2021 to address the significant risk to Federation.

“The Federal Executive Council approved the Medium Term Expenditure Framework and the physical strategy paper, and it will be submitted to the National Assembly.

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“This is in addition to bills that are already at the National Assembly, the economic stabilization bills and tax reform bills, which we believe we will have a very, very strong growth in 2025.”

During the meeting, the FEC approved its submission to the National Assembly as required by the 2007 Fiscal Responsibility Act.

The framework projected a gross domestic product (GDP) growth rate of 4.6 percent, an exchange rate of $75 to the naira, and oil production of 2.06 million barrels per day. [Channels TV]

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