Showing posts with label news. Show all posts
Showing posts with label news. Show all posts
Wednesday, December 4, 2019
Tuesday, September 5, 2017
Thursday, August 31, 2017
Tuesday, December 27, 2016
See Photos As Man Buries His Mother In Hummer Jeep As Coffin
Wonders they say, will never seize , especially in Nigeria. What could make a man to use Hummer Jeep as Coffin for his mother burial.
The pix currently going viral at the social media is that of a nigerian billionaire based in enugu who lately buried his mom the use of a hummer jeep.
The money bag used a latest hummer jeep in preference to the conventional casket to bury his mom.
he also splashed the hummer jeep with over 10,000 dollar.
See other photograph from the weird burial photo after the jump…. hope the woman enjoyed her son’s cash while she turned into alive.
The pix currently going viral at the social media is that of a nigerian billionaire based in enugu who lately buried his mom the use of a hummer jeep.
The money bag used a latest hummer jeep in preference to the conventional casket to bury his mom.
he also splashed the hummer jeep with over 10,000 dollar.
See other photograph from the weird burial photo after the jump…. hope the woman enjoyed her son’s cash while she turned into alive.
Monday, December 26, 2016
Boko Haram Commander Apprehended In Ikorodu, Lagos State
The Army Staff Chief , lt.-gen. tukur buratai has revealed the arrest of a boko haram terrorist in Ikorodu location of lagos state .
Buratai stated the terrorist, one of these fleeing from the hitherto boko haram stronghold of sambisa forest area, was arrested on saturday.
Buratai made the revelation in a statement before gov. kashim shettima of borno cut the tape to re-open predominant roads inside the nation that had been closed considering the fact that 2013 at the peak of the atrocities of the insurgents.
The roads are maiduguri-gubio-damasak and maiduguri-monguno-baga. they were opened inside the wake of the declaration by President Muhammadu Buhari that the terrorists had been flushed out of sambisa forest area.
Buratai charged the troops no longer to relent till all the terrorists who had waged a struggle towards nigeria when you consider from 2009 are arrested.
“You must maintain the momentum of the operation. We must pursue the terrorists wherever they are. We must not allow them to regroup,” the army chief said.
He stated despite the take over of the terrorists’ remaining robust preserve within the Sambisa Forest as said by president muhammadu buhari, “we have no time to waste”.
The seven-yr combat towards the boko haram terrorists was define by the chief of army team of staffs as “pretty sober and tochy”, saying that a number of officers and soldiers had lost their lives within the battle.
He prayed for the repose in their souls and vowed that the navy might recommit itself to the combat till “remnants’’ of the terrorists have been cleared.
The theatre commander, Maj.-Gen. Lucky Irabor operation lafiya dole, had in advance stated that the north east had been secured.
He additionally stated that insurgency had introduced untold complication on the people of borno people and the entire north east area.
Irabor stated that the roads being reopened had been closed three years in the past to check the incursion of the insurgents, adding that the reopening of such roads was an indication that the terrorists had been defeated.
In a message, the leader of defence group of workers, gen. gabriel olonisakin, additionally charged the military to preserve the tempo of operation and ensure that terrorism was removed from the north east.
Represented by means of the Chief of Administration, Defenc Headquarters, Rear Admiral A. A. Dacosta, Olonisakin restated the commitment of the navy to defeating the terrorists.
nan
Buratai stated the terrorist, one of these fleeing from the hitherto boko haram stronghold of sambisa forest area, was arrested on saturday.
Buratai made the revelation in a statement before gov. kashim shettima of borno cut the tape to re-open predominant roads inside the nation that had been closed considering the fact that 2013 at the peak of the atrocities of the insurgents.
The roads are maiduguri-gubio-damasak and maiduguri-monguno-baga. they were opened inside the wake of the declaration by President Muhammadu Buhari that the terrorists had been flushed out of sambisa forest area.
Buratai charged the troops no longer to relent till all the terrorists who had waged a struggle towards nigeria when you consider from 2009 are arrested.
“You must maintain the momentum of the operation. We must pursue the terrorists wherever they are. We must not allow them to regroup,” the army chief said.
He stated despite the take over of the terrorists’ remaining robust preserve within the Sambisa Forest as said by president muhammadu buhari, “we have no time to waste”.
The seven-yr combat towards the boko haram terrorists was define by the chief of army team of staffs as “pretty sober and tochy”, saying that a number of officers and soldiers had lost their lives within the battle.
He prayed for the repose in their souls and vowed that the navy might recommit itself to the combat till “remnants’’ of the terrorists have been cleared.
The theatre commander, Maj.-Gen. Lucky Irabor operation lafiya dole, had in advance stated that the north east had been secured.
He additionally stated that insurgency had introduced untold complication on the people of borno people and the entire north east area.
Irabor stated that the roads being reopened had been closed three years in the past to check the incursion of the insurgents, adding that the reopening of such roads was an indication that the terrorists had been defeated.
In a message, the leader of defence group of workers, gen. gabriel olonisakin, additionally charged the military to preserve the tempo of operation and ensure that terrorism was removed from the north east.
Represented by means of the Chief of Administration, Defenc Headquarters, Rear Admiral A. A. Dacosta, Olonisakin restated the commitment of the navy to defeating the terrorists.
nan
Sunday, December 25, 2016
OMG!!! 54,000 Depart On Christmas Day After Germany Finds World War Two Bomb
An unwelcome Christmas surprise in southern Germany constrained the departure of 54,000 individuals from their homes Sunday after the discovery of a bomb dating from World War II, The authorities said.
It was a British bomb that was found in the city of Augsburg and led to the biggest mobilisation in Germany — around 900 police officers — since the war itself.
The 1.8-tonne explosive had been found on Tuesday during work at a construction site in the centre of the Bavarian city, but authorities planned to defuse the bomb around mid-day Sunday.
“Today I ask everyone concerned to leave the area, if possible by themselves,” said Augsburg mayor Kurt Gribi in a video message posted on the city’s Twitter account.
Gribi also called for “each person to verify that their relatives, parents and friends have found places to stay outside the (security) zone… Look out for one another.”
The defusing could take up to five hours, according to the authorities, who estimate that the evacuees will not be able to return home before the evening.
Admittedly this was an unusual Christmas day in Augsburg, a city spokesman told TV channel n24, adding that hopefully people would voluntarily leave their homes given the expected “force of the explosion” during the defusing of the bomb.
Over 70 years after the end of the war, unexploded bombs are still discovered covered on German domain, remnants of the serious shelling effort by the Allied powers against Nazi Germany.
It was a British bomb that was found in the city of Augsburg and led to the biggest mobilisation in Germany — around 900 police officers — since the war itself.
The 1.8-tonne explosive had been found on Tuesday during work at a construction site in the centre of the Bavarian city, but authorities planned to defuse the bomb around mid-day Sunday.
“Today I ask everyone concerned to leave the area, if possible by themselves,” said Augsburg mayor Kurt Gribi in a video message posted on the city’s Twitter account.
Gribi also called for “each person to verify that their relatives, parents and friends have found places to stay outside the (security) zone… Look out for one another.”
The defusing could take up to five hours, according to the authorities, who estimate that the evacuees will not be able to return home before the evening.
Admittedly this was an unusual Christmas day in Augsburg, a city spokesman told TV channel n24, adding that hopefully people would voluntarily leave their homes given the expected “force of the explosion” during the defusing of the bomb.
Over 70 years after the end of the war, unexploded bombs are still discovered covered on German domain, remnants of the serious shelling effort by the Allied powers against Nazi Germany.
Saturday, December 24, 2016
MMM Victim Asks EFCC How Safe New Ponzi Scheme, NNN is… The Reply He Got Will Crack You
The reputable twitter account of the efcc is known to be creatively hilarious when giving answers to many of its followers who've inquiries to ask.
over time, twitter customers have come to love the twitter deal with because it cordially relates with them each day.
lately, a man who changed into unsure approximately how secure it turned into to join a popular ponzi scheme in nigeria, nnn, idea it wise to invite efcc on twitter approximately the scheme.
underneath is what he tweeted:
the efcc, in its ordinary hilarious decided to present the man a solution he'll now not forget in a hurry.
social media users have been left reeling in laughter by way of the answer. many have even asked that whoever was operating the efcc twitter take care of accept an award for his creativity.over time, twitter customers have come to love the twitter deal with because it cordially relates with them each day.
lately, a man who changed into unsure approximately how secure it turned into to join a popular ponzi scheme in nigeria, nnn, idea it wise to invite efcc on twitter approximately the scheme.
underneath is what he tweeted:
the efcc, in its ordinary hilarious decided to present the man a solution he'll now not forget in a hurry.
Who Knows This Lady? Watch Video Of This SHAMELESS Lagos Big Babe Stealing Cloths From A Boutique At Magodo Lagos
The incident occurred at La Roux Boutique Magodo on December fourteenth 2016 at 12:09pm She effectively carried off the things just for the shop owner to check cctv later and discover it out what had happened… .
The owner of the boutique needs her identify and caught. Look at how she shockingly concealed the dress things. Guess she didn't know there was cctv cameras.
Watch The Video Below ;
The owner of the boutique needs her identify and caught. Look at how she shockingly concealed the dress things. Guess she didn't know there was cctv cameras.
Watch The Video Below ;
Friday, December 23, 2016
Court Orders Suspension Of Patience Jonathan's Accounts In Several Banks (See Details)
A federal high court has ordered the immediate suspension/freezing of all accounts belonging to former first lady, patience Jonathan.
The money domiciled in the accounts are believed to be gotten from crime proceeds. A court order was gotten to support an affidavit and Ex-parte originating summons sworn to by Mr. Abdulahi Tukur, an operative of the Economic and Financial Crimes Commission (EFCC), and filed before the court by EFCC prosecutor, Rotimi Oyedepo.
Mr. Tukur averred that there is an urgent need for the court to direct the managers of the bank accounts contained in the schedule filed with the summons (FHC/L/CS/1343/16) to, in the interim, forfeit the money in the accounts, to prevent further tampering with such.
Also affected by the order alongside Patience jonathan, are five companies and one Esther Obafo. The companies collectively have over 7 billion in six commercial banks, while Esther Obafo has a balance of $429,000.
The five companies affected are Finchley Top Homes Limited, Aribawa Aruera, Magel Resort Limited, AM -PM Global Network Limited Pansy Oil and Gas Limited. Finchley Top Homes Limited is alleged to have fraudulently open account number 1102001996 domiciled with Ecobank Plc and has a current balance of N226,376,700.23 and a fixed deposit with a balance of N1,099,511,484.88.
The company also fraudulently opened other accounts These are account 1771731336, domiciled with Skye Bank and with a current balance of N14,173,848.85; Fidelity Bank account 4011019539 with a current balance of N1,800,494,000; Stanbic Bank account 0016901361 with a current balance of N40,594,12.88; and Diamond Bank account 0019213687 with a current balance of N39,418,712.12.Aribawa Aruera Reachout Foundation opened account number 1222014221 with Ecobank and has a closing balance of N479,893,431.01, while Magel Resort Limited accounts (4011019546/5250059782) with Fidelity Bank has a subsisting balance of N1,000,494,000.
According to SH , the company also operates two other accounts (1011744356) in Zenith Bank, which has a balance of N858,923,982, and 0024351590 with Diamond Bank and has a balance of N174,166,207.00.AM-PM Global Network Limited opened account number 0026718889 at Diamond Bank and has a balance of N7,213,303.50.
The account opened by Pansy Oil and Gas Limited at Fidelity Bank (4011019577) has a current balance of N1,809,666,494.68, while that at Diamond Bank (0026838491) has a balance of N55,930,024.50.
Esther Oba was found to have opened account number 0019213689 with Diamond Bank and has a current balance of $429,381.87. All funds mentioned above are believed to be proceeds of crime.
Neither Patience Jonathan or her husband, Former leader, Goodluck Jonathan have commented on this developments.
SOURCE ; Politicsngr
Tuesday, December 20, 2016
Monday, December 5, 2016
Female Apprentice Found Dead Inside Well, What She Did Will Shock You
A fashion apprentice, Blessing Alex, has been found dead in a well after she was reportedly forced to abort her three-month-old pregnancy.
The incident was said to have occured in Iselle-Azagba community in the Aniocha South Local Government Area of Delta State.
A source told our correspondent on Monday that the deceased, who hailed from Ikoto town in the Ini Local Government Area of Cross River State was discovered to be pregnant for one of the villagers, but her parents insisted that she removed the foetus.
It was learnt that Blessing, who had gone missing for about 10 days, was found dead in the well in the community on Saturday by members of the community vigilance group.
The deceased was to be attached to a sewing institute for further training when she was allegedly impregnated by her boyfriend who is an indigene of the community.
Another villager, who identified himself simply as Uche, said the incident had thrown the community into mourning.
He added that many thought that the girl might have committed suicide as a result of her parents’ stance on her pregnancy and the depression she suffered after it was aborted.
“Not too long ago, the victim, who was living with her father and stepmother, aborted her pregnancy.
“It was learnt that she was force to remove the foetus because the family members were not comfortable with her relationship with the man who impregnated her.
“Since then, she had not been herself both in composure and behaviour until she was found dead,” a source disclosed.
When asked to state the extent of investigation, the Delta State Commissioner of Police, Zanna Ibrahim, said he was not aware of the incident.
SOURCE: NAIJALOADED
The incident was said to have occured in Iselle-Azagba community in the Aniocha South Local Government Area of Delta State.
A source told our correspondent on Monday that the deceased, who hailed from Ikoto town in the Ini Local Government Area of Cross River State was discovered to be pregnant for one of the villagers, but her parents insisted that she removed the foetus.
It was learnt that Blessing, who had gone missing for about 10 days, was found dead in the well in the community on Saturday by members of the community vigilance group.
The deceased was to be attached to a sewing institute for further training when she was allegedly impregnated by her boyfriend who is an indigene of the community.
Another villager, who identified himself simply as Uche, said the incident had thrown the community into mourning.
He added that many thought that the girl might have committed suicide as a result of her parents’ stance on her pregnancy and the depression she suffered after it was aborted.
“Not too long ago, the victim, who was living with her father and stepmother, aborted her pregnancy.
“It was learnt that she was force to remove the foetus because the family members were not comfortable with her relationship with the man who impregnated her.
“Since then, she had not been herself both in composure and behaviour until she was found dead,” a source disclosed.
When asked to state the extent of investigation, the Delta State Commissioner of Police, Zanna Ibrahim, said he was not aware of the incident.
SOURCE: NAIJALOADED
See What OFM GO Apostle Johnson Suleman Said About MMM
Johnson Suleman Blast MMM “MMM Is Satanic And If You’re Involved, You’re Demonic
The General Overseer of Omega Fire Ministries International (OFM), Apostle Johnson Suleman, has told his congregation members to disassociate themselves from anything that has to do with Mavrodi Mondial Movement investment scheme, popularly called MMM.Suleman said
MMM is Satanic and that those involved in it are demonic.
Speaking during a church service, the clergyman said: “Go and check the founder of MMM. He was a fraudster in America; defrauded people, and that’s what you’re involving yourself in and you are a Christian, looking for easy way out. Many Christians have gotten involved.
If you are involved in MMM, I have to pray for you today. It’s not of God. Any quick fix way for money is not of God because some people are being defrauded to enrich some other people.” “Any quick-rich scheme is wrong. In life, everything you get if is not favour from a particular individual.
If it’s quick favour through a process, you will pay for it later. If it’s a person you know that walked up to you and blesses you, take it. That’s favour. But a quick business transaction that can bring a return of over 200 person, is not of God.”
Kidnapped Dangote’s Senior Strategist Murdered, You Won't Believe Where His Body Was Dumped
A senior strategist with Dangote Industries Limited, Istifanus Bello Gurama, who was reportedly kidnapped three weeks ago, has been murdered.
Reliable sources say Gurama’s body was found in the gutter, adding that one of the kidnappers must have alerted a member of the public to where the body was.
Gurama was believed to have been kidnapped three weeks ago but news of his murder got to his family members (today) Monday.
Sources close to him told our correspondent that as a senior strategist, Gurama was in charge of negotiations and handing ransom payment to kidnappers whenever any of the expatriates in Dangote Industries was kidnapped.
The day Gurama was allegedly kidnapped, he was said to have gone, as usual, to negotiate and pay ransom money for the release of one of the expatriates. However, on getting there, the kidnappers reportedly said he was the one they were after and he was subsequently detained.
A close friend who refused to be named said Gurama showed him some of the videos of his negotiations with kidnappers.
During a visit to her on Monday, Gurama‘s wife of 20 years, Amina, was inconsolable.
She lamented, “Gurama was a lovely person, if he is not in the house one day, the children will be asking after him endlessly.
“Now, I do not know what to tell the children because he is always chatting with them on social media and phone and for three weeks since his disappearance, they have been wondering where he was because all his activities on social media ceased and the children have observed that it is quite unlike him.”
A key source in the Dangote Industries who confirmed the kidnap however reacted to the news of Gurama’s murder with surprise.
When contacted, the Head, Media of the firm, Mr. Tony Chiejina who said Gurama was very close to him, also reacted with surprise to the news of his death.
He informed our correspondent that he will make some calls and get back to her.
But he has yet to do that as at the time of going to the press.
Buhari Bans Importation Of Vehicles Through Land Borders, See Nigerians Reaction
President Buhari has placed ban on vehicle in the following order
1. Importation of vehicles into Nigeria through the land Borders have been banned by the Federal Government. The prohibition order covers all new and used vehicles.
2. The Ban is sequel to a Presidential Directive restricting all vehicle imports to Nigeria Sea Ports only. The order takes effect from 1st January 2017.
3. The restriction on importation of vehicles follows that of Rice, whose imports have been banned through the land Borders since April 2016.
4. Importers of vehicles through the land borders are requested to utilize the grace period up till 31st December 2016 to clear their vehicle imports landed in neighbouring Ports.
Signed
Wale Adeniyi
Public Relations Officer
For: Comptroller-General of Customs
1. Importation of vehicles into Nigeria through the land Borders have been banned by the Federal Government. The prohibition order covers all new and used vehicles.
2. The Ban is sequel to a Presidential Directive restricting all vehicle imports to Nigeria Sea Ports only. The order takes effect from 1st January 2017.
3. The restriction on importation of vehicles follows that of Rice, whose imports have been banned through the land Borders since April 2016.
4. Importers of vehicles through the land borders are requested to utilize the grace period up till 31st December 2016 to clear their vehicle imports landed in neighbouring Ports.
Signed
Wale Adeniyi
Public Relations Officer
For: Comptroller-General of Customs
Soldier Jumps Through The Window As Young Shall Grow Motor Burns To Ashes (Photos)
According to a Nigerian soldier Nonso,he was on his way to Maiduguri when Young Shall Grow vehicle he boarded caught fire and burnt into ashes.He managed to survive after jumping out of the car through the window of the car.Below is what he wrote....
'Thank God for saving me.young shall grow vehicle I boarded to Maiduguri got caught up with fire and burnt into ashes .I had to jump from the window to a safe place. Thank God nobody died.#GodoverEverything'.
'Thank God for saving me.young shall grow vehicle I boarded to Maiduguri got caught up with fire and burnt into ashes .I had to jump from the window to a safe place. Thank God nobody died.#GodoverEverything'.
Sunday, December 4, 2016
Thursday, December 1, 2016
Breaking: Buhari Slashes Civil Servants’ Salaries, You Won't Believe The Percent
The Federal Government has slashed the salaries of federal government workers, effective November 2016. The reduction affects civil servants in ministries, departments and other government parastatal.
Leadership Newspaper obtained a press release announcing to staff of Voice of Nigeria (VON) that their NET pay has been reduced drastically. The statement says the salaries was reduced because of tax, pension and National Housing Fund.
The Federal Government has slashed the salaries of federal government workers, effective November 2016. The reduction affects civil servants in ministries, departments and other government parastatal.
Leadership Newspaper obtained a press release announcing to staff of Voice of Nigeria (VON) that their NET pay has been reduced drastically.
READ FG Fires Sally Mbanefo as DG NTDC Over Alleged ₦270m Theft
The statement says the salaries was reduced because of tax, pension and National Housing Fund.It is however said that those earning huge sum of money have their salary reduced as much as 50%
Leadership Newspaper obtained a press release announcing to staff of Voice of Nigeria (VON) that their NET pay has been reduced drastically. The statement says the salaries was reduced because of tax, pension and National Housing Fund.
The Federal Government has slashed the salaries of federal government workers, effective November 2016. The reduction affects civil servants in ministries, departments and other government parastatal.
Leadership Newspaper obtained a press release announcing to staff of Voice of Nigeria (VON) that their NET pay has been reduced drastically.
READ FG Fires Sally Mbanefo as DG NTDC Over Alleged ₦270m Theft
The statement says the salaries was reduced because of tax, pension and National Housing Fund.It is however said that those earning huge sum of money have their salary reduced as much as 50%
Nigeria Audits 33 Companies, Uncovers N450b Unremitted Revenue
The Minister of Finance, Kemi Adeousun, made the announcement on Thursday in Abuja at a news conference.
She said that an audit had been carried out on the agencies in compliance with the Fiscal Responsibility Act (FRA), 2007.
The minister said that a recovery committee headed by the Accountant General of the Federation had been set up to recover the money from the agencies.
Mrs. Adeosun noted, however, that some of the agencies had started returning various sums, saying that N640 million had been received from the Nigeria Shippers Council.
“The total independent revenue generated between January and October, 2016 was N272.03 billion but there is a projected increase to N811.03 billion as we recover amounts owed.’’
She said the audit revealed that there was a lot of non-remittances and under-remittances of operating surpluses and that some agencies were operating without an approved budget.
The minister added that there was overstating of budget and spending above budgeted amount, failure to reconcile accounts and existence of irreconcilable differences.
“The audit also showed that there was under-reporting of revenues, failure to submit audited financial statements, payroll fraud and exaggeration of payroll costs, over-payment of staff salaries and abuse of personnel grants,” she said.
The minister said while there was unapproved monetisation of medical and other allowances, there was also non-compliance with the PPA and failure to convert to IPSAS accounting.
IPSAS stands for International Public Sector Accounting Standards (IPSAS).
According to her, some of the agencies affected are the Nigerian Communications Commission, Nigerian Ports Authority and Corporate Affairs Commission.
Others are the Nigerian Maritime Administration and Safety Agency, Nigerian Export-Import Bank, Federal Airports Authority of Nigeria and National Open University of Nigeria.
Also affected are the Nigerian Railway Corporation, West African Examination Council, Joint Administrations and Matriculation Board and the National Hospital, Abuja among others.
Mrs. Adeosun said that some of the audit reports had been sent to the Economic and Financial Crimes Commission (EFCC).
“The financial regulations are very clear, where audit reports have indicted some of the officers, some of these audit reports are going to the EFCC.
“Some of the audit findings were so serious that the decision was taken that some of those particular reports must go to the EFCC.
“Remember that we are not a prosecuting agency, ours is to investigate and then we hand it over to the relevant agencies,” she said.
The minister said that the agencies that defaulted had been asked to come up with their repayment proposals to see how they could be made to repay the money.
“We know that in some cases that money would have already been spent so they will now give us a proposal of how they are going to repay but the money has to be paid.
“We are also looking at their Treasury Single Account (TSA) to understand how much money they actually have because in some cases these surpluses are in their accounts.
“Our plan is not to grind to a halt the activities of any agency but to institute fiscal discipline in all the agencies,’’ the minister stated.
Mrs. Adeosun also said that a circular was issued on November 22, requesting submission of estimates of revenues and expenses for the next three financial years.
Other documents that were requested are the annual budget which must be IPSAS compliant and projected operating surpluses for review and approval.
According to her, a review team has also been set up to evaluate submitted estimates before budget submission to the National Assembly.
She said that failure to comply with the provision of the FRA to review and approve their budgets as advised would be restricted to payment of salaries only until the budget was regularised.
“We have the National Assembly’s support that if an agency does not have its budget approved; it really has no business spending.
“It is wrong for an agency to operate without a budget. It is public money and that means that the agency can do literally anything it wants and that is wrong.
“It is for those agencies who know that they do not want to be in the situation where they can only pay salaries to do the right thing, everybody knows the rule.’’
She said further that a circular on the inclusion of 92 additional corporations, agencies and government owned companies to the schedule of the Act had also been issued.
According to the minister, the exercise is an ongoing process and all agencies will eventually be audited. (NAN)
SOURCE; SAHARAREPORTERS
She said that an audit had been carried out on the agencies in compliance with the Fiscal Responsibility Act (FRA), 2007.
The minister said that a recovery committee headed by the Accountant General of the Federation had been set up to recover the money from the agencies.
Mrs. Adeosun noted, however, that some of the agencies had started returning various sums, saying that N640 million had been received from the Nigeria Shippers Council.
“The total independent revenue generated between January and October, 2016 was N272.03 billion but there is a projected increase to N811.03 billion as we recover amounts owed.’’
She said the audit revealed that there was a lot of non-remittances and under-remittances of operating surpluses and that some agencies were operating without an approved budget.
The minister added that there was overstating of budget and spending above budgeted amount, failure to reconcile accounts and existence of irreconcilable differences.
“The audit also showed that there was under-reporting of revenues, failure to submit audited financial statements, payroll fraud and exaggeration of payroll costs, over-payment of staff salaries and abuse of personnel grants,” she said.
The minister said while there was unapproved monetisation of medical and other allowances, there was also non-compliance with the PPA and failure to convert to IPSAS accounting.
IPSAS stands for International Public Sector Accounting Standards (IPSAS).
According to her, some of the agencies affected are the Nigerian Communications Commission, Nigerian Ports Authority and Corporate Affairs Commission.
Others are the Nigerian Maritime Administration and Safety Agency, Nigerian Export-Import Bank, Federal Airports Authority of Nigeria and National Open University of Nigeria.
Also affected are the Nigerian Railway Corporation, West African Examination Council, Joint Administrations and Matriculation Board and the National Hospital, Abuja among others.
Mrs. Adeosun said that some of the audit reports had been sent to the Economic and Financial Crimes Commission (EFCC).
“The financial regulations are very clear, where audit reports have indicted some of the officers, some of these audit reports are going to the EFCC.
“Some of the audit findings were so serious that the decision was taken that some of those particular reports must go to the EFCC.
“Remember that we are not a prosecuting agency, ours is to investigate and then we hand it over to the relevant agencies,” she said.
The minister said that the agencies that defaulted had been asked to come up with their repayment proposals to see how they could be made to repay the money.
“We know that in some cases that money would have already been spent so they will now give us a proposal of how they are going to repay but the money has to be paid.
“We are also looking at their Treasury Single Account (TSA) to understand how much money they actually have because in some cases these surpluses are in their accounts.
“Our plan is not to grind to a halt the activities of any agency but to institute fiscal discipline in all the agencies,’’ the minister stated.
Mrs. Adeosun also said that a circular was issued on November 22, requesting submission of estimates of revenues and expenses for the next three financial years.
Other documents that were requested are the annual budget which must be IPSAS compliant and projected operating surpluses for review and approval.
According to her, a review team has also been set up to evaluate submitted estimates before budget submission to the National Assembly.
She said that failure to comply with the provision of the FRA to review and approve their budgets as advised would be restricted to payment of salaries only until the budget was regularised.
“We have the National Assembly’s support that if an agency does not have its budget approved; it really has no business spending.
“It is wrong for an agency to operate without a budget. It is public money and that means that the agency can do literally anything it wants and that is wrong.
“It is for those agencies who know that they do not want to be in the situation where they can only pay salaries to do the right thing, everybody knows the rule.’’
She said further that a circular on the inclusion of 92 additional corporations, agencies and government owned companies to the schedule of the Act had also been issued.
According to the minister, the exercise is an ongoing process and all agencies will eventually be audited. (NAN)
SOURCE; SAHARAREPORTERS
Wednesday, November 30, 2016
Why We Reversed Plans To Hike Data Price - NCC
AFTER suspending the planned increase in data price, the Nigerian Communications Commission on Wednesday said the decision to rescind its earlier directive to telecom operators to commence charging the new floor price rate for data from December 1, was to allow for further consultation with industry interest groups.
“The decision to suspend this directive was taken after due consultation with industry stakeholders and the general complaints by consumers across the country.”
Mr. Ojobo said the Commission has already asked all operators to maintain the status quo until the conclusion of study to determine retail prices for broadband and data services in the country.
Prior to the suspension, Nigerians had raised concerns about the impropriety of the decision by government to hike price of data at this time.
Several Nigerians accused the NCC of insensitivity, considering the high cost of living in the face of the current economic recession in the country.
Social media users expressed fears the government planned to limit citizens’ access to the Internet.
In its reaction, the Senate passed a vote asking the Commission to immediately halt the proposed Internet data tariff hike.
The upper chamber of the National Assembly, in a motion under matter of urgent importance by Bala N’ Allah, the Senate Deputy Leader, condemned the planned data tariff hike, and asked the NCC to halt the increase immediately.
On November 1, the Commission, after a consultative meeting on October 19 with all mobile network operators in the country, wrote to them on the need to determine an interim price floor for data services.
In the memo, the telecom sector regulator justified its decision to have a price floor, claiming it was primarily to promote a level playing field for all operators in the industry, encourage small operators and new entrants.
The price floor of N3.11 kobo per megabyte of data in 2014, it recalled, was removed in 2015, pointing out that the price floor that was supposed to flag off on December 1, 2016 was put at 90 kobo per megabyte.
Although the Commission said smaller operators, by virtue of their small market share, were exempted from the now suspended price regime, it said the decision on the floor price was to protect the consumers who are at the receiving end.
The commission said the decision was equally to save the smaller operators from predatory services likely to suffocate them and push them out of business into extinction.
“The price floor is not an increase in price, but a regulatory safeguard put in place by the telecommunications regulator to check anti-competitive practices by dominant operators,” Mr. Ojobo clarified.
He denied the regulator had fixed prices for data services, pointing out that “the NCC does not fix prices, but provides regulatory guidelines to protect the consumers, deepen investments and safeguard the industry from imminent collapse.”
Prior to the now suspended price floor of N0.90k/MB, the industry average for dominant operators, including MTN Nigeria Communications Limited, EMTS Limited (Etisalat) and Airtel Nigeria Limited was N0.53k per megabyte.
Etisalat offered (N0.94k per megabyte), Airtel (N0.52k per megabyte), MTN (N0.45k per megabyte) and Globacom (N0.21k per megabyte).
A comparison of the data prices by the major operators with that initially proposed by NCC shows that but for the reversal, majority of Nigerians would have had to pay between 90 and 300 per cent increase in data prices.
The smaller operators/new entrants, including Smile Communications, Spectranet and NATCOMS (NTEL) were allowed to charge N0.84k, N0.58k and N0.72k per megabyte respectively.
“Following concerns that visited the directive to introduce price floor for data segment of the telecommunications sector beginning from December 1, 2016, the Nigerian Communications Commission (NCC) has suspended any further action in that direction,” the director,Public Affairs at the NCC, Tony Ojobo said in a statement.
“The decision to suspend this directive was taken after due consultation with industry stakeholders and the general complaints by consumers across the country.”
Mr. Ojobo said the Commission has already asked all operators to maintain the status quo until the conclusion of study to determine retail prices for broadband and data services in the country.
Prior to the suspension, Nigerians had raised concerns about the impropriety of the decision by government to hike price of data at this time.
Several Nigerians accused the NCC of insensitivity, considering the high cost of living in the face of the current economic recession in the country.
Social media users expressed fears the government planned to limit citizens’ access to the Internet.
In its reaction, the Senate passed a vote asking the Commission to immediately halt the proposed Internet data tariff hike.
The upper chamber of the National Assembly, in a motion under matter of urgent importance by Bala N’ Allah, the Senate Deputy Leader, condemned the planned data tariff hike, and asked the NCC to halt the increase immediately.
On November 1, the Commission, after a consultative meeting on October 19 with all mobile network operators in the country, wrote to them on the need to determine an interim price floor for data services.
In the memo, the telecom sector regulator justified its decision to have a price floor, claiming it was primarily to promote a level playing field for all operators in the industry, encourage small operators and new entrants.
The price floor of N3.11 kobo per megabyte of data in 2014, it recalled, was removed in 2015, pointing out that the price floor that was supposed to flag off on December 1, 2016 was put at 90 kobo per megabyte.
Although the Commission said smaller operators, by virtue of their small market share, were exempted from the now suspended price regime, it said the decision on the floor price was to protect the consumers who are at the receiving end.
The commission said the decision was equally to save the smaller operators from predatory services likely to suffocate them and push them out of business into extinction.
“The price floor is not an increase in price, but a regulatory safeguard put in place by the telecommunications regulator to check anti-competitive practices by dominant operators,” Mr. Ojobo clarified.
He denied the regulator had fixed prices for data services, pointing out that “the NCC does not fix prices, but provides regulatory guidelines to protect the consumers, deepen investments and safeguard the industry from imminent collapse.”
Prior to the now suspended price floor of N0.90k/MB, the industry average for dominant operators, including MTN Nigeria Communications Limited, EMTS Limited (Etisalat) and Airtel Nigeria Limited was N0.53k per megabyte.
Etisalat offered (N0.94k per megabyte), Airtel (N0.52k per megabyte), MTN (N0.45k per megabyte) and Globacom (N0.21k per megabyte).
A comparison of the data prices by the major operators with that initially proposed by NCC shows that but for the reversal, majority of Nigerians would have had to pay between 90 and 300 per cent increase in data prices.
The smaller operators/new entrants, including Smile Communications, Spectranet and NATCOMS (NTEL) were allowed to charge N0.84k, N0.58k and N0.72k per megabyte respectively.
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