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Senate Uncovers How Jonathan, Sambo, INEC, FAAN, Others Diverted N665.8bn

Deji Elumoye in Abuja
The Senate has uncovered how former President Goodluck Jonathan, his deputy, Namadi Sambo, Independent National Electoral Commission (INEC), Nigerian Army, Federal Airports Authority of Nigeria (FAAN) and some Ministries, Departments and Agencies (MDAs) benefitted from alleged diversion of N665.8 billion Solid Minerals Development and Stabilisation Funds through the Accountant General of the Federation (AGF).
The upper legislative chamber has, therefore, ordered the AGF to ensure that the misappropriated funds in form of loans and Special allocations were recovered and paid back to the Special Funds Accounts within 60 days.
The Senate gave the marching order to the AGF after consideration and approval of the 2015 Auditor-General’s report presented at plenary by the Chairman of the Senate Committee on Public Accounts, Senator Mathew Urhoghide. ....

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UNREMITTED FUNDS: NDLEA, SON, 30 other agencies owe FG N1.2trn -

By Tordue Salem
The Fiscal Responsibility Commission (FRC), yesterday, disclosed that 32 Ministerial Departments and Agencies (MDAs), including the Nigeria Drug Law Enforcement Agency (NDLEA), Standard Organisation of Nigeria (SON), Bank of Industry (BoI) and Bank of Agriculture (BoA) are owing the federal government over N1.2 trillion in revenues they generated but failed to remit to the federation account as required by law since 2016.
The agency’s Executive Chairman, Barr. Victor Muruako, made the disclosure during a press briefing at the National Assembly (NASS).
He stated: “Sadly, many MDAs still persist in defaulting and practically keeping money away from the federal government’s reach for funding its budgets. Our records indicate that over N1.2 trillion is still in the hands of defaulting MDAs. ....

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32 agencies fail to remit N1.2trn — FRC

He said the commission had already designed a template and would liaise with all relevant agencies to deduct from the source, from defaulting agencies which would be enabled by the Treasury Single Account.
He listed the defaulting agencies as the Administrative Staff of College of Nigeria, the Bank of Agriculture, the Bank of Industry, the Cement Technology Institute of Nigeria, the Centre for Black African Arts and Civilization, the Chad Basin National Park, the Federal Radio Corporation of Nigeria, the Gashaka Gumti National Park, the Gurara Water Management Authority, the Hadejia-Jama’are River the Basin Development Authority, the Integrated Water Resources Development Agency, the Kainji Lake National Park, the National Broadcasting Commission. ....

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INTERVIEW: We are giving SMDF world-class management structure -- Board Chair, Uba Malami

In this interview, the Massachusetts Institute of Technology-trained executive and highly regarded geologist discusses the activities of his Board, stating that ‘the ability of the Board to work with relevant stakeholders to give the SMDF a world-class structure is a key goal that will pave thebway for greater realization of government’s set goals for the SMDF and the entire mining sector.’
Mr Malami, who is certified by the Council of Nigerian Mining Engineers and Geoscientists, says the SMDF is working with the Presidential Fertilizer Initiative (PFI) to sustainably exploit the abundant deposits of Calcium Carbonate in the country, adding that the Board will continue to strengthen its capacity to meet various demands that will pave the way for the development of the mining sector. ....

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