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Senate queries State House, MDAs over N969bn budgetary allocation



The Senate through its Public Accounts Committee has queried the State House and 557 Ministries, Departments and Agencies over the failure to account for N969 billion “intangible assets” in the 2019 budget.


This revelation is contained in the 2019 Annual Report of the Auditor-General of the Federation being considered by the Senate Public Accounts Committee.


Members of the panel, chaired by the vice-chairman of the committee, senator Ibrahim Hadeija while considering the report, lamented the humongous amount categorised as Intangible Assets in the 2019 budget as captured in the Auditor-General of the Federation’s report.


The report read, “Audit observed from a review of notes 36 and 36A (Intangible Asset) to the FGN’s Consolidated Financial Statement that the sum of N969 Billion was categorised under Notes 36A as Intangible Assets without a schedule showing the classification/nature of the intangible assets contrary to the provision of the International Public Sector Accounting Standard) 31.


“There was no disclosure to enable the audit to confirm which of the Intangible Assets has finite and infinite life, and bad for a determination whether amortisation should be or not.”


The representative of the Accountant-General of the Federation, Shuaibu Sikiru, said the template would be redesigned to accommodate the observation in subsequent years.


Among the 558 agencies are the State House, Bureau of Public Enterprises, Bureau of Public Procurement, National Population Commission, Federal College of Forestry, Ibadan, Federal College of Forestry, Jos, National Orientation Agency, Bureau of Public Service Reforms and Nigeria Police Academy, Wudili.

Others are the Federal Civil Service Commission, Office of the National Security Adviser, Federal Ministry of Interior, Nigeria Immigration Service, Federal Fire Service, Police Formation and Command, Headquarters, Nigeria Security and Civil Defence Corps, Office of the Head of the Civil Service of the Federation, Federal Government Staff Housing Loans Board, Federal Training Center, Ilorin, Office of the Economic Adviser to the President and the National Broadcasting Commission.

Also, Voice of Nigeria, Nigerian Film Corporation, National Theatre, Federal Ministry of Information, Headquarters, News Agency of Nigeria, Administrative Staff College of Nigeria, and many others.


The PUNCH reports that the National Assembly last week passed the Federal Audit Service Bill which prescribes, among others, a five-year jail term for accounting officers, who prevent the office of the Auditor-General for the Federation from accessing their account books.


The chairman, Senate public accounts committee, Matthew Urhoghide, told journalists that the proposed legislation sought to strengthen the office of the Auditor-General for the Federation.


He said, “The office is supposed to check systemic corruption in Nigeria by checking all expenditures of the ministries, departments and agencies of government as provided for by Section 85 of the constitution.


“The second aspect of the bill is the establishment of the Federal Audit Commission. An audit is a very peculiar department, but right now, we have those who did not study accounting being employed and working in the Audit House probably for political reasons.


“The commission will be responsible for the recruitment of proper staff that would be able to audit the accounts of the over 797 federal agencies.

“The least penalty we have in the bill for an individual is five-year imprisonment or a fine of N5m or both.

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Taraba House Of Rep Member-Elect Dies




The House of Representatives member-elect for Jalingo/Yorro/ Zing Federal Constituency Taraba State, Hon. Isma’ila Yushua Maihanchi, is dead.


Maihanchi died in the early hours of Saturday after a brief illness at an undisclosed hospital in Abuja.

An aide to the late member-elect said he will be buried according to the Islamic rites today at the national cemetery in Abuja.


Details later…

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FG Laments Plight Of Nigerians In Sudan, Says ‘Any Flight Now Is Gravely Risky’




The Federal Government has expressed worry over its inability to evacuate Nigerians in Sudan as a deadly crisis continues to plague the North African nation.

The Chairman, Nigerians in Diaspora Commission (NIDCOM), Abike Dabiri-Erewa, disclosed Friday evening on Twitter that efforts had been put in place by the National Emergency Management Agency (NEMA) and the Nigerian Mission in Sudan.


She however noted that the authorities were experiencing challenges, particularly with regard to airlifting Nigerian nationals out of the troubled country.


“While @nemanigeria and the Nigerian Mission in Sudan have put in place necessary arrangements, any flight now is gravely risky,” Dabiri-Erewa tweeted.

“Airlines on ground at the airport were all burnt today, there is a curfew in place and no flights can operate.”


The NIDCOM boss added that humanitarian groups were making efforts to distribute food, water, and medicals, while all efforts were being put in place to hopefully get the warring parties to ceasefire.


“Our thoughts and prayers are with our citizens there, and the whole country,” she said.

The country is experiencing hostilities owing to two warring generals who seized power in a 2021 coup: army chief Abdel Fattah al-Burhan and his deputy, Mohamed Hamdan Daglo, who commands the paramilitary Rapid Support Forces (RSF).


Amid the crisis, Nigerian students in Sudan cried out to be evacuated from the in-crisis country.


In response, NIDCOM on Thursday revealed that plans were already underway to see to the evacuation of Nigerians in Sudan, saying meetings were being held as to how best to handle the evacuation process.


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FG Strategises On Subsidy Removal Without Disrupting Livelihoods




As the energy industry prepares for the removal of subsidy on Premium Motor Spirit otherwise known as petrol, the Federal Government says with consideration and possible action, the policy will have a human face.

Reacting to concerns over a continued regulated downstream oil sector, the Permanent Secretary, Ministry of Petroleum Resources, Amb. Gabriel Aduda, on Friday, stated that a lot of consideration is ongoing to buffer what may be a possible shock with subsidy removal.


It will be recalled that President Muhammadu Buhari suspended that part of the Petroleum Industry Act (PIA) for 18 months, and will effectively expire in June of this year.


“Subsidy removal is one that has been with us for a long time and I want to tell you that my minister is taking it very seriously – and all of us in the industry – because we totally understand the importance of the removal of subsidy,” Aduda said.

“But we also understand the greater importance of the citizens in the scheme of things. And as we speak, we’re still taking a very close look at how best to achieve subsidy without disrupting the entire ecosystem of livelihoods in Nigeria because that is our responsibility as government.”


According to him, buffers need to be in place to ensure that forex is made available for those that will do imports as well as some form of reinforcements where needed.


“There is quite a lot we need to put in place. And we also have to ensure that supplies are available for a minimum of six months ahead to ensure that, if we finally do that, the disruptions will be minimal.

“When looking at all of that, there are quite a number of factors that we need to look at. But yes, government is committed to removal, but we can’t be too specific until all the indices have been considered to ensure that the effect is not too hard on the average Nigerian,” he added.




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