Audit Report
Presidency: Niger Delta Avengers’ threat unnecessary
File Photo The Presidency on Sunday reacted to the threat by the Niger Delta Avengers to bomb oil installations if some demands were not met by federal government, saying the recent threat of force by the Avengers is unnecessary. It, however, said it was curious that the threat was coming barely 48 hours after President Muhammadu Buhari met with the leadership of the Niger Delta and Ijaw National Congress (INC), at the State House, Abuja and the germane issues, especially call for restructuring of the federation, and the inauguration of a Board for the Niger Delta Development Commission (NDDC), had been thrashed out. A release on Sunday by the Media Adviser to the President, Femi Adesina, stressed that the media was Sunday awash with threats and demands by a group, Niger Delta Avengers, to...
NDDC: Ijaw youths tackle minister over forensic audit, sole administrator’s tenure
Bayelsa youths under the aegis of the Ijaw Youth Council (IYC) worldwide accused the minister of Niger Delta Affairs, Senator Godswill Akpabio of overseeing an unending forensic audit and illegal extension of the tenure of the sole administrator of the Niger Delta Development Commission (NDDC), Mr. Efiong Akwa, describing it as a delib-erate attempt to delay the constitution of a substantive NDDC board. According to the youths, though the conduct of the forensic audit was ordered by President Muhammadu Buhari and supported by the stakeholders from the region, Senator Godswill Akpabio has turned the forensic audit into an unending exercise used to perpetuate corruption and further bleed the commission of scarce funds. The spokesman of the IYC, Comrade Ebilade Ekerefe, who made the statement...
Akwa Ibom wins CIRDDOC 2020 best budget transparency award
In a move that gives credence and endorsement of the commitment of the Udom Emmanuel led administration in ensuring openness, transparency and accountability in budgeting and governance, the Akwa Ibom State Government has been ranked one of the best performing states in the 2020 sub-National Budget Transparency Survey. The survey which was conducted by the Civil Resource Development and Documentation Centre (CIRDDOC) to ascertain the level of budget performance by states of the federation revealed that Akwa Ibom and four other states topped the budget performance index for the year, 2020. The Nigerian States Budget Transparency Survey Report also revealed that Akwa Ibom and some other Nigerian States have significantly improved budget transparency and participation, and has improved the ro...
Court declares SEC sanctions against Oando management null, void
Wikipedia Oando shareholders in the persons of Alhaji Yakubu Gumel; Alhaji Kabiru Tambari, suing for himself and on behalf of the Sokoto Zone Shareholders Association; Tunde Badmus, suing for himself and for the benefits of Pacesetters Shareholders Association, bagged yet another win at the Federal High Court (FHC) Kano, in a suit filed against the Securities and Exchange Commission (SEC) for overreaching its powers. Justice A. Lewis Allagoa presiding over the ruling dismissed the regulators preliminary objection and granted all the reliefs sought by the Oando Shareholders. The FHC Kano dismissed SEC’s objection on the basis that the shareholders’ claims fall under their rights as shareholders according to the Companies and Allied Matters Act (CAMA) and is therefore not a capital markets i...
Senate: National Assembly panels will probe ‘missing N4.4 billion’
The Senate said the National Assembly Committees on Public Account would probe the allegation of misappropriation of N4.4bn by the federal parliament, as contained in an audit report. The Deputy Director of the Socio-Economic Rights and Accountability Project, Kolawole Oluwadare, had in a statement alleged that an audit report revealed that the fund budgeted for the National Assembly, was misappropriated. SERAP has therefore given Messrs Ahmad Lawan and Femi Gbajabiamila, President of the Senate and Speaker, House of Representatives, respectively, 14 days ultimatum to address and implement the recommendations contained in the audit reports. But the Chairman, Senate Committee on Media and Public Affairs, Ajibola Basiru, in his reaction said the alleged infractions occurred during the 8th Na...
