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Senate summons federal ministry, agencies over N7.5b 'secret' withdrawal | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News


Nigerian Senate PHOTO:Twitter
The Senate Committee on Public Accounts is upset by the alleged secret withdrawal of N7.5 billion from the National Automotive Council Design and Development Council (NADDC) Levy Account domiciled with Central Bank of Nigeria (CBN).
It, therefore, gave the Ministry of Finance, Office of Accountant General of the Federation and Office of National Security Adviser till next Tuesday to offer explanation.
The action of the Senate committee was based on the query by the Office of the Auditor General of the Federation (OAuGF) in 2015.
Two weeks ago, the committee had summoned the affected agencies to appear before it to explain the alleged secret withdrawal, but they did not honour the invitation. ....

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ICPC recovers N1.1bn loots in 2021 Q1


Owasanoye said N418.8m and $1.5m in Domiciliary Accounts were recovered between January to March 2021.
He said five plots of land, 13 businesses, 29 buildings, one vehicle and five farms were also seized within the same period.
Of these items, Owasanoye said 12 were on seizure, one on interim forfeiture; while 40 on final forfeiture.
The ICPC boss said his agency secured four convictions in the first quarter of 2021, and 26 in 2020. Also, 73 cases were filed in 2020 while only 11 cases filed between January and March 2021, he added.
He also said the sum of N147bn was restrained by the Office of Accountant General of the Federation  from personnel, overhead and capital costs on the basis of instruction issued in 2019 on the account of ICPC personnel cost review of MDAs. ....

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ICPC Recovers N1.1bn, 29 Buildings in Q1 2021


By Deji Elumoye
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has revealed that over N1.1 billion and 29 buildings were forfieted to the Federal Government between January and March, 2021.
ICPC Chairman, Prof Bolaji Owasanoye, made this known weekend in Abuja when the Senate Committee on Senate Anti-Corruption and Financial Crimes Committee led Senator Suleiman Kwari came on oversight visit to the National Headquarters of the agency in Abuja.
According to him, N418.8 million and $1.5 million in Domiciliary Accounts were forfieted to the Federal government between January to March 2021 while the anti-graft agency also seized five plots of land, 13 businesses, 29 buildings, one vehicle and five farms during the period under review. ....

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