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Reps Launch Investigation Into ₦1.32bn Allocation to Non-Existent Government Agency

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Reps Launch Investigation Into ₦1.32bn Allocation to Non-Existent Government Agency
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By Rukevwe Odeh

The House of Representatives is set to begin a formal investigation today into the controversial inclusion of ₦1.32 billion in the 2026 national budget for the Presidential Foreign Investment Promotion Council (PFIPC), an agency that has not been legally established. The probe follows growing public concern over how funds were earmarked for an organisation that does not officially exist.

An ad hoc committee headed by Hon. Yusuf Gagdi will conduct the inquiry at the National Assembly in Abuja. Acting under its constitutional oversight powers, the panel is expected to examine the circumstances that led to the budgetary allocation and identify those responsible for inserting the provision into the Appropriation Act.

The investigation was initiated after lawmakers questioned the legality of the allocation and demanded accountability. It also follows the arrest of Adeyemi Adeniyi, who allegedly posed as the Director-General of the council and is accused of facilitating the agency’s inclusion in the budget despite its lack of legal status.

The matter gained further attention after Adeniyi allegedly claimed that ₦100 million was channelled through intermediaries to the President’s Chief of Staff, Femi Gbajabiamila, to support the creation of the council. Both the Presidency and the Chief of Staff have strongly denied the allegation.

Several senior government officials and institutions have been invited to participate in the public hearing. They include key ministers, the Central Bank of Nigeria Governor, anti-corruption agencies, the Auditor-General, security agencies, and other stakeholders expected to provide relevant information to assist the committee’s work.

The committee aims to determine how a non-existent agency secured a budget allocation and establish the stage of the budget process where the controversial provision was introduced.

However, criticism has emerged over the absence of both Gbajabiamila and Adeniyi from the list of invited witnesses. Some lawmakers and public affairs commentators argue that excluding the two individuals most closely linked to the allegations could undermine public confidence in the investigation and raise questions about its credibility.

The House is expected to use the findings of the probe to clarify how the budget anomaly occurred and recommend measures to prevent similar incidents in future appropriation exercises.


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Shettima Embarks on First Official Leave Since Assuming Office

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Shettima Embarks on First Official Leave Since Assuming Office
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By Rukevwe Odeh

Vice President Kashim Shettima has commenced a two-week leave after receiving approval from President Bola Tinubu, marking his first official vacation since the current administration took office on May 29, 2023.

According to a statement issued by the Presidency, the leave, which began on Thursday, August 6, will be dedicated to study, personal reflection and intellectual development aimed at strengthening the Vice President’s capacity for public service.

The statement explained that the break will allow Shettima to review the administration’s ongoing programmes, deepen his understanding of emerging national and international policy issues, and prepare for the next phase of implementing the Federal Government’s Renewed Hope Agenda.

Since taking office, Shettima has played a prominent role in coordinating several government initiatives, including programmes focused on economic growth, food security, humanitarian affairs, digital innovation, job creation and regional collaboration.

As Chairman of the National Economic Council (NEC), the Vice President has continued to lead discussions involving state governors, the Central Bank Governor and other senior government officials on key economic and development issues affecting the country.

He has also represented President Tinubu at several regional and international meetings, where he has promoted Nigeria’s interests in areas such as investment, peace and security, climate action and economic cooperation.

The Presidency reaffirmed that Shettima remains committed to supporting President Tinubu’s administration and is expected to return to his official duties after the two-week leave with renewed energy and focus.


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NCoS Relieves Three Senior Officers After Death Row Inmate’s TikTok Broadcast

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NCoS Relieves Three Senior Officers After Death Row Inmate’s TikTok Broadcast
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By Derick Peretengboro

The Nigerian Correctional Service (NCoS) has removed the officer in charge of the Ibara Medium Custodial Centre in Abeokuta, Ogun State, along with two other senior officials, following a security breach that saw a death row inmate conduct a live broadcast on TikTok from inside the facility.

In a statement released on Thursday, the Controller-General of Corrections, Sylvester Nwakuche, described the incident as a grave violation of custodial security and confirmed that immediate disciplinary measures had been taken while investigations continue.

According to the Service, preliminary findings showed that the inmate illegally obtained a mobile phone, which was later recovered during a search operation and retained as evidence. The inmate has since been transferred to another correctional facility with tighter security arrangements pending the outcome of the investigation.

The NCoS said the removal of the three officers is a temporary administrative action aimed at ensuring a fair, transparent and unhindered investigation. It stressed that the decision does not amount to a final determination of their culpability.

The Service added that inquiries are ongoing to establish whether any correctional personnel, inmates or external collaborators were involved in facilitating the security breach. It warned that anyone found guilty of negligence, complicity or any role in the incident would face appropriate disciplinary sanctions in line with existing regulations.

Nwakuche noted that the incident has further highlighted the need to strengthen security measures across correctional centres nationwide. He reaffirmed the agency’s commitment to implementing reforms that will prevent the smuggling of prohibited items into custodial facilities and safeguard the integrity of the correctional system.

The Nigerian Correctional Service also appealed to the public to avoid speculation while investigations are ongoing, assuring Nigerians that it remains committed to ensuring the safe, secure and humane custody of all inmates under its care.


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EFCC Explains Decision to Freeze Osun Government Accounts

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EFCC Explains Decision to Freeze Osun Government Accounts
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By Derick Peretengboro

The Economic and Financial Crimes Commission (EFCC) has clarified the reasons behind its decision to place restrictions on certain bank accounts belonging to the Osun State Government, stating that the move was part of an ongoing investigation into suspected financial irregularities.

According to the anti-graft agency, the accounts were frozen to safeguard public funds and prevent any possible diversion while investigations continue. The commission maintained that its action was based on legal authority and was not influenced by the forthcoming governorship election in the state.

The EFCC also disclosed that Osun is not the only state under scrutiny, noting that it is monitoring the financial activities of several state governments where suspicious transactions have been identified. The commission urged Nigerians to disregard claims that the action was politically motivated, insisting that its operations are guided solely by its mandate to protect public resources.

The explanation followed criticism from the Osun State Government after Governor Ademola Adeleke questioned the legality of the account freeze and demanded that the EFCC publicly justify its decision. The governor argued that the action was taken without obtaining a court order and directed the state’s legal team to challenge the development in court.

Responding to allegations that about ₦11 billion had been looted from the state’s coffers, the Osun State Government denied any wrongdoing. State officials insisted that no public funds had been misappropriated and described the allegations as false, maintaining that government resources had been deployed for infrastructure, workers’ welfare and other developmental projects.

The disagreement has further heightened tensions between the state government and the anti-corruption agency, with both sides standing firmly by their positions as legal proceedings are expected to determine the next steps.


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