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SOCIETY JOBS | United Nations Children’s Fund (UNICEF) Fresh Job Recruitment 2016

The United Nations Children’s Fund (UNICEF) – In September 2014 UNICEF began implementing a joint programme with UN Women on Women, Peace and Security (WPS) funded by the European Union (EU). The programme will support the Nigerian Government (Federal level), three Northern Nigerian States namely Adamawa, Gombe and Plateau and selected Local Government Areas (LGAs) to strengthen women’s leadership, advance gender equality and improve protection for women and children in conflict settings.

UNICEF is responsible for implementation of Component 2 of the programme, namely ‘to increase access to reporting mechanisms and protective services for girls and women affected by human rights abuses, including gender based violence, in 3 states of northern Nigeria”. This will entail enhancing avenues for reporting of child rights violation and Gender Based Violence in Plateau and Gombe States, strengthening access to and quality of services for children and women who have experienced violence (including gender based violence (GBV), abuse, neglect and exploitation and strengthening the information management system for collecting data on violations.

We are recruiting to fill the following vacant positions:

CLICK HERE TO VIEW JOB DETAILS AND APPLY

NIPC, PHCCIMA Partner to Woo Foreign Investors

The Nigerian Investment Promotion Commission, NIPC, has expressed its readiness to partner the Port Harcourt Chamber of Commerce, Industry, Mines & Agriculture, PHCCIMA, to woo foreign investors with viable investments into Nigeria.

The NIPC said it will facilitate submission of viable and bankable project profiles of PHCCIMA members for matchmaking with foreign investors.

To this end, the Commission has requested for database of credible businesses in Rivers State to ensure they benefit from its support and incentives.

The Commission made the promise when the President of PHCCIMA, Emi Membere-Otaji led a business delegation to the NIPC in Abuja recently, as part of the Chamber’s efforts to open new vistas and frontiers that will help realise set objectives and meet the needs and aspirations of its membership.

Speaking during the visit, Membere-Otaji said that the visit to NIPC by the PHCCIMA business delegation was in response to the call for diversification of the Nigeria’s economy following the current economic depression, occasioned by the sudden collapse of oil revenue. He said the plummeting oil prices was affecting not just PHCCIMA members but others doing business in Nigeria’s oil and gas sector.

He said: “The PHCCIMA has come to identify with the clarion call for diversification, hence we are here seeking collaborations with NIPC on how to harness opportunities to diversify members businesses and uplift them to the next level of increased business activity and volume.”

 

FG Begins Reconstruction of North East

 

The Secretary to the Government of the Federation, Babachir David Lawal, has revealed that the reconstruction of schools and police stations destroyed by Boko Haram insurgents in the Northeast has commenced.

Lawal, disclosed this on Sunday, March 27, in Hong, Adamawa State, during the graduation of 500 students of Buba Industrial Village.

The skills acquisition programme was part of the youth empowerment scheme introduced by Yusuf Buba, the member representing Gombi/Hong federal constituency in the House of Representatives.

He said the reconstruction of the region was part of the election campaign promise made by President Muhammadu Buhari.

The SGF stressed that the aim was to bring lasting solutions to insurgency and rebuild destroyed infrastructure in the area.

“The federal government has begun the reconstruction of schools and police stations, among others, destroyed by Boko Haram insurgents in the Northeast region.

“The present APC-led government is determined to guarantee peaceful co-existence among Nigerians and ensure that Nigerians, irrespective of their locality or belief, benefit from the dividend of democracy,” Lawan said.

He criticised the opposition parties for what he called a campaign of calumny during the last general election, which linked the All Progressives Congress party with a particular religion and the insurgency.

Lawal said Buhari and the APC-led government would never discriminate against any Nigerian on the basis of religion or any other affiliation.

He commended Buba for initiating the skills acquisition programme for youths, describing the gesture as a “landmark achievement” worthy of emulation.

According to him, the programme was the first of its kind in the area since the inception of democracy in 1999.

 

“Foreign Carriers to Sack 2,000 Nigerian Workers” – NUATE

The National Union of Air Transport Employees ,NUATE, has revealed that foreign airlines plan to sack about two thousand (2,000) Nigerian workers due to what they claimed is their inability to transfer their earnings to their respective home countries.
In a letter addressed to the Minister of State for Aviation, Senator Hadi Sirika and made available to newsmen, Acting General Secretary of NUATE, Comrade Olayinka Abioye said the plan has destabilize the affected workers, adding that the Federal Government should wade in and prevent the huge job loss.
According to Abioye , “ The reason being adduced for this danger is that their earnings in the past year is under lock with the Central Bank of Nigeria, CBN , as they are unable to transfer these earnings to their respective home countries to meet operational costs in accordance with international rules.”
“Following concerns raised recently by leaders of these workers and other stakeholders and in appreciation of the good intent of the government’s fiscal policy, we humbly make this clarion call for your (Minister) intervention to grant foreign airlines concession to repatriate their proceeds to their home countries,” he said.
He added that should the foreign airlines go ahead with the sacking of the workers it would not be in the interest of the aviation sector and Nigeria as a whole.

Nigerian Breweries Emerges Most Compliant Firm on NSE

Giant Brewer, Nigerian Breweries Plc,  has won the Nigerian Stock Exchange, NSE, Chief Executive Officer’s Distinguished Award for Compliance in 2015.
The award also known as the Most Complaint Listed Firm award is given by the NSE to a company that demonstrates the highest degree of compliance with the rules and regulations regarding disclosure obligations of listed companies to the exchange in a particular year.
According to the NSE, Nigerian Breweries Plc again demonstrated its recognition for the importance of corporate governance in 2015 to clinch the coveted award.

While presenting the award to the management of Nigerian Breweries Plc, the CEO of the NSE, Oscar Onyema, congratulated the company on its strict compliance to the rules and regulations of the exchange and said the company represents a sterling example of compliance to corporate governance in the country. The company had earlier won the award in 2012.

Nigeria Posts 108% Foreign Portfolio Deficit

For According to a report on foreign portfolio investment, FPI, has revealed that for every dollar brought into Nigeria in 2016, more than $2 has been taken out.

A year-to-date report on FPI obtained at the weekend, indicated that Nigeria suffered a net deficit of 108 per cent in the first two months of the year.

The FPI outflow worsened in February, as uncertainties persisted over Nigeria’s foreign exchange management.

The report, coordinated by the Nigerian Stock Exchange (NSE), showed that FP outflow outpaced inflow by 108 per cent. The two-month report showed that foreign outflow totalled N58.20 billion as against foreign inflow of N27.95 billion.

Total foreign transactions of N86.15 billion represented 42.8 per cent.

Domestic investors, however, appeared to be stepping in to fill the gap left by the foreign investors. They invested N115.22 billion, representing 57.22 per cent of the total transactions, during the period.

Monthly analysis showed that FP outflow totaled N31.84 billion as against inflow of N10.94 billion. In the same period last year, foreign outflow was N81.60 billion while inflow was N52.35 billion.

In January, FPI report showed that foreign inflow stood at N17.01 billion as against outflow of N26.36 billion, representing a deficit of N9.35 billion.

Total foreign transactions thus were N43.37 billion. Nigerian investors accounted for N40.73 billion or 48.43 per cent of the total turnover of N84.10 billion recorded during the period.

In the comparable period of January last year, foreign investors appeared less edgy and there were more appetite for Nigerian equities, though the tinge of deficit was also evident then. Foreign inflow was N48.03 billion in January 2015 as against outflow of N51.08 billion.

Total foreign transactions stood at N99.11 billion or 52.24 per cent of total turnover of N189.72 billion during the period. Domestic investors accounted for N90.61 billion or 47.76 per cent of total transactions.

The FPI report further highlighted the downtrend that had marked foreign portfolio investments since 2014.

The FPI report uses two key indicators-inflows and outflow to gauge foreign investors’ mood and participation in the stock market as a barometer for the economy.

 

Seplat Posts N27billion Profit Decline

Indigenous oil firm, Seplat Petroleum Development Company Plc has reported a drop of N27 billion profit after tax in its full year 2015 financial results released to the Nigerian Stock Exchange in Lagos last week.
According to the results, profit after tax dipped from N40 billion it made in 2014 to end 2015 at N13 billion.

Also, its profit before tax went down by N23 billion represented 57.50 per cent to close the year with N17 billion from N40 billion in 2014,

Seplat Petroleum revenue slid by N11 billion in 2015, translated to 8.87 per cent from N124 billion it made in 2014 to end 2015 financial year with N113 billion.

Its gross profit went down from N74 billion to N49 billion in 2015, which is N25 billion or 33.78 per cent drop.
Earnings per share of oil and gas firm also dropped by 75 per cent from 0.08 kobo in 2014 to 0.02 at the end of December 31, 2015.

“FG Requires N25billion to Fence 22 Airports” – FAAN

The Federal Airports Authority of Nigeria,FAAN, has stated that it would require at least N25 billion to construct perimeter and operational fences across all the 22 airports it manages.

The General Manager, Corporate Affairs of FAAN, Yakubu Dati told reporterd at the agency’s headquarters in Lagos that the figure was arrived at after a recent survey carried out by the authority.

Dati disclosed that each of the 22 airports is about 50 kilometre long and would require huge investments for them to be properly fenced to the standard recommended by the International Civil Aviation Organization,ICAO.

Dati who assured all the airports’ users of absolute security and safety of humans, cargo and equipment at all times said there are other safety measures FAAN has taken in line with international best practices to boost security and safety within the nation’s airports.

Among these measures, he said, were the introduction of the perimeter patrol and construction of perimeter towers which enables the Aviation Security, (AVSEC) personnel and other security agencies to have a full overview of the airport environment, adding that the authority had installed latest technologies in strategic locations to increase surveillance.

He added that the authority had been able to tackle inside threat, saying, “We profile anybody that works within the terminal or in the terminal in line with global standards. It is after passing that we issue them the On-Duty-Card (ODC). Even at that, the ODC also has some levels of restrictions such that it is not every holder that has access to every part of the terminal. We have different levels and colours based on the level of clearance you have received.”

FG to Spend 24% of Revenue on Debt Servicing in 2016

New projections have shown that Nigeria will spend 24 per cent of its revenue in 2016 for debt servicing.

The Representative of Islamic Development Bank, IDB, in Nigeria, Abdallah Kiliaki said recently that the country pays about 75 of its debt for debt servicing.

Kiliaki was quoted to have stated during a visit to the Chairman, Senate Committee on Local and Foreign Debts, Shehu Sani.

He said: “When talking about unsustainable debt, it means that a country or a borrower is unable to pay. So, we take very that very seriously.”

“When you look at the debt GDP ratio of Nigeria, it is very low. It is 17 per cent compared to Italy and other countries which is about 150 per cent, while that of the United States is about 100 per cent.”

“But there is a caveat; it is true that debt to GDP ratio is low but when you look at the amount, the revenue to debt servicing ratio, the amount of money that the government is collecting, the revenue of the government vis-a-vis the ratio to the total debt, I think Nigeria pays about 75 to 80 per cent of its revenue to service debt,” Kiliaki had said.

 

More Trouble For NSE As Foreign Investors Withdraw Investments

Foreign investors who participated in the larger percentage of trading activities on the Nigerian Stock Exchange, NSE, have been withdrawing their investments from the market.
Foreign investors who used to dominate trading in the Nigerian stock market transacted 51.57 per cent of total market activities in January 2016, down to 36.48 per cent at the end of February trading.
According to market analysts, the foreign investors’ withdrawals can be attributed to unfavorable condition of foreign exchange currency.

According to the Nigerian Stock Exchange polls trading figures from major custodians and market operators on their Foreign Portfolio Investment (FPI) flows for the month of February, foreign investors withdrew N31.84 billion during the month against N10.94 billion invested in Nigeria market.

The percentage of transactions of foreign investors in February was 36.48 per cent compared to 74.49 per cent of domestic investors.

Total transaction on the bourse during the month stood at N117.27 billion as against N184.49 billion total transaction carried out in January.

However, domestic investors transacted N74.49 billion in February as institutional investors led with N38.25 billion while domestic investors transacted N36.24 billion. This is higher than N40.73 billion total transactions of domestic investors in January 2016 as retail investors transacted N18.88 billion as against N21.85 billion of institutional investors in January.

Meanwhile, total transactions at the nation’s bourse increased by 39.44 per cent from N84.10 billion recorded in January 2016 to N117.27 billion in February 2016.

In comparison to the same period in 2015, total transactions decreased by 36.44 per cent from the N184.49 billion recorded in February 2015.

Domestic investors significantly outperformed foreign investors by 27.04 per cent. Domestic transactions increased from 48.43 per cent in January 2016 to 63.52 per cent in February 2016 while FPI transactions decreased from 51.57 per cent to 36.48 per cent over the same period.

NRC Records 405,048 Traveller Traffic in Two Months

The Nigerian Railway Corporation, NRC document, has said that at least 405, 048 passengers travelled by trains in January and February, 2016.

The figure in the document indicates that while 207, 286 used the rail transportation in January; 197, 762 Nigerians travelled by trains in the second month of the year.

These comprise of passenger movement on all the NRC trains including the Lagos-Kano passenger train, Lagos-Ilorin intercity passenger train, Offa-Kano intercity passenger train, Minna-Kaduna Mass Transit Train (MTT), Kano-Portharcourt Intercity passenger train, Abba-Portharcourt MTT and the MTT operating between Lagos and Ogun states.

Already, the Ogun state government partnered with the NRC to provide free train ride for indigenes of the state from Lagos to Osun while the passenger traffic also rose during the season.

The corporation also expects a boost in the passenger movement with the planned commencement of standard gauge service from Kaduna to Abuja in May.

Importation of New Cars Slides by 67% on Forex Scarcity

 

Automobile industry sources over the weekend have revealed that the importation of brand new cars into Nigeria plunged by 67 per cent in 2015.

Some stakeholders have attributed the massive plunge to the federal government’s re-launched automotive policy while others opine it was mainly due to the challenges with foreign exchange liquidity.

The National Automotive Design and Development Council, NADDC, estimates annual imports at about 400,000 vehicles with 50,000 units as new cars valued at N679.65 billion ($3.45 billion).

Meanwhile, data from the NADDC revealed that there are now over 40 auto assembly plants across the country.

The latest national accounts (Q4 2015) released by the National Bureau of Statistics (NBS) showed that the motor vehicles & assembly segment of the manufacturing sector contracted by 13.0 per cent year-on-year, compared with 24.3 per cent growth recorded in the corresponding period in 2014.

 

NNPC Discharges One Cargo Of Petrol For Easter Holidays

The Nigerian National Petroleum Corporation, NNPC, said it has released one cargo of 44 million litres of Premium Motor Spirit (PMS) to ensure availability of the product across the country for the Easter Celebrations.

This is contained in a statement signed by Garba Deen Mohammed, Group General Manager, Group Public Affairs Division, NNPC, on Friday, March 25 in Abuja.

The statement read: “Our immediate concern is to make petrol available through the interventions and processes put in place so that the queues will disappear within the next one to two weeks.”

“As at 4 p.m today, one PMS cargo containing 42 million litres has completely discharged.

“Two more PMS cargos with a combined ‘Remaining on Board’ (ROB) of 44 million litres are currently discharging while another PMS cargo containing 44 million litres is berthed and awaiting discharge,” it said.

According to the statement, the corporation have enough products lined up to ensure that the supply gap which created the problem is bridged.

It added that in order to ensure effective distribution, NNPC would work with Independent Petroleum Marketers Association of Nigeria (IPMAN), oil majors and over 1,000 NNPC staff nationwide to overcome the obstacles in the distribution of the products.

Vitafoam Attributes Shareholder Value Enhancement To Product Diversification

Vitafoam Nigeria

 

The Group Managing Director of Vitafoam Nigeria Plc, Taiwo Adeniyi has attributed the company’s product diversification to enhancement of shareholder value.

Adeniyi made this known at the 2016 World Sleep Day organised by Vitafoam in Lagos at the weekend, where he explained that one of the major challenges of the on-going inclement operating environment to the manufacturers was the need to introduce innovative products that could boost shareholder value and promote the concept of healthy living.

He said the value added by the company’s “Our spring mattress is posturpedic, orthopedic and therapeutic, this mattress helps to support your body in a neutral position, one in which your spine has a nice curvature while your buttocks, heels, shoulders and head are supported in proper alignment.

“This is in line with World Sleep Day. As a global recognition of imperative of sleep for healthy living, WSD is celebrated to create enlightenment on the need to ensure adherence to the essence of sleep and the use of relevant sleep materials that address peculiar needs of individuals.

“We are confident that good sleep is an achievable dream with Vitafoam as we have gone beyond mattress to offer our target audiences other beddings products like bed frame, bed topper, bed sheets, duvet and various types of pillows (throw pillows, Music pillows and memory pillows etc) that will ensure you achieve good sleep.”

 

 

Customs Confiscates Contraband With N360million Duty Paid Value

The Nigeria Customs Service, NCS, Federal Operation Unit Zone `A`, last week said it seized vehicles and other contraband with Duty Paid Value, DPV, estimated at N360.19 million.

The Area Controller of the unit, Comptroller Mohammed Umar, announced this in a statement issued by the Zonal Public Relation Officer, Mr Uche Ejieseme, and made available to the News Agency of Nigeria (NAN) in Lagos.

According to the statement, the unit made 268 different seizures and arrested 34 suspects.

The seizures include 3,374 bags of rice; 11,854 cartons of poultry products; 23 vehicles and 2,003 kegs of vegetable oil.

Others are textile materials, foot wares, bags, used tyres, fridges, furniture, soap and detergents.

The statement added that a truck load of 1,198 fairly used tyres was intercepted by the controllers Monitoring Team `B` Idiroko Axis led by Assistant Controller Jatau Micah.

The statement quoted the controller as saying “the command had raised the standard of its anti-smuggling campaign. This is evident from the quantity of seizures made in recent times.”

 

FG Grants 25 Private Refinery Licences To Companies in 14 Years

The federal government said it has granted 25 private refinery licences to companies between 2002 and now based on reviewed guidelines for refineries in the country.

The Department of Petroleum Resources,DPR, which made this known fact in a statement, said 21 firms were granted in the Licence to Establish (LTE) category, while four were given in the Approval to Construct (ATC) category.

The statement said three of the 25 licensed companies are billed to construct conventional stick-build plants while 22 will construct modular units with a proposed combined refining capacity of 1,429,000 barrels per day.

The DPR said it granted Licence to Establish to 21 companies with a validity period of 18 months in 2002, adding that in 2004, 17 out of the earlier granted LTE were granted Approval to Construct for a 24 month validity period
The agency said in 2007,it reviewed the existing guidelines and a new guiding document, “Guidelines for the Establishment of Hydrocarbon Processing Plants in Nigeria” was introduced to ensure that only committed investors were licensed.

Stocks Value Adds N70billion in Four-day Trading Session

 

At the end of the four-day trading session on the Nigerian Stock Exchange, NSE, movement indicates that the NSE All-Share Index and marker capitalization jumped by 205.12 points and N70 billion to close at 25,899.91 and N8.909 trillion respectively.

Similarly, all other Indices finished lower during the week, with the exception of the NSE main board index, NSE 30 Index, NSE banking index and the NSE consumer goods index that increased by 1.68 per cent, 1.47 per cent, 1.37 per cent and 4.96 per cent respectively.

Meanwhile, a turnover of 1.552 billion shares worth N10.453 billion in 14,994 deals were traded this week by investors on the floor of the exchange in contrast to a total of 11.907 billion shares valued at N18.338 billion that exchanged hands last week in 19,508 deals.

The financial services industry (measured by volume) led the activity chart with 1.187 billion shares valued at N7.298 billion traded in 10,457 deals; thus contributing 76.49 per cent and 69.82 per cent to the total equity turnover volume and value respectively.

The consumed goods industry followed with 160.334 million shares worth N1.547 billion in 2,167 deals. The third place was occupied by the conglomerates industry with a turnover of 79.549 million shares worth N122.754 million in 527 deals.

Trading in the top three equities during the week are; Zenith Bank Plc, Guaranty Trust Bank Plc and United Capital Plc (measured by volume) accounted for 536.253 million shares worth N5.852 billion in 4,735 deals, contributing 34.55 per cent and 55.98 per cent to the total equity turnover volume and value respectively.

On day by day transactions, the week open Monday on a positive note with additional N71 billion to the market capitalization of equities.

Also positive sentiment trailed the equities market as the All Share Index enjoyed 208.16 basis points increase, effectively driving the index to 25,902.95 points. Also, market activity as implied by the total value and volume traded increased by 9.3 per cent and 85.6 per cent to settle at N2.07 billion traded and 412.5 million units respectively.

Sentiments mixed across the key sectors mainly driven by price appreciation seen in Zenith Bank and Guaranty Trust Bank that led financial services sector to 1.7 per cent gain. The industrial goods sector also observed a 1.7 per cent return on the back of gains of 1.8 per cent in Dangote Cement.

Nations Cup Qualifier: Nigeria Vs Egypt Ends 1-1

Oghenekero ETEBO, first goal for Super Eagles

Mohamed Salah snatched a late equaliser in Kaduna, set up by a fine pass from teenage substitute Ramadan Sobhi, to keep Egypt two points clear of Nigeria in Group G in the Nations Cup qualifier that was played in Kaduna yesterday.

Debutante, Oghenekaro Etebo handed the hosts the lead on the hour, snapping up a rebound after Kelechi Iheanacho has struck the crossbar.

Victor Moses should have wrapped up the points 10 minutes from time when he rounded the goalkeeper, after being set up by Alex Iwobi, but his effort was scrambled off the line by Egypt’s 34-year-old debutant defender Hamada Tolba.

Meanwhile, Ivory Coast claimed its first victory in 2017 African Nations Cup qualifying by beating Sudan 1-0. Following two goalless Group I stalemates, the Ivorians triumphed in Abidjan with Gervinho scoring in the 34th minute after Salomon Kalou had miscued his initial effort.

It was a far from convincing display from the 2015 winners.

Ivory Coast,  played without Manchester City star, Yaya Toure  who was due back after a year-long break from international football only to suffer a heel injury playing for Manchester City last weekend.

Gabon defeated Sierra Leone 2-1 in the same group with African Footballer of the Year Pierre-Emerick Aubameyang converting a penalty and Malick Evouna also on target in Franceville. Gabon would host the nations Cup final.

Algeria maintained their 100 percent record in Group J by thrashing Ethiopia 7-1 in Blida.

Guinea drew 0-0 with Malawi in Group L where Swaziland remained top after a 1-1 home draw with Zimbabwe.

The home team scored after two minutes through Felix Badenhorst only for Njabulo Ndlovu to put through his own net just before halftime.

Tunisian, Youssef Msakni’s 47th-minute goal helped his country to defeat Togo 1-0 to overtake its opponents at the top of Group A on goal difference.

Mali’s 1-0 home victory over Equatorial Guinea handed them the lead in Group C after Italian-based defender Molla Wague notched an 82nd-minute winner. There will be more qualifying matches for January’s finals each day until Tuesday.

Suicide Bomber Says she’s one of Chibok Girls

chibok
A screen shot of the purported Chibok Girls

A suspected suicide bomber intercepted in northern Cameroon at the weekend before she could blow herself up claimed to be one of the 219 schoolgirls kidnapped by Boko Haram in the Nigerian town of Chibok in 2014, military and local government sources said.

Two girls carrying explosives were stopped by local self-defense forces in the village of Limani, in an area of northern Cameroon that has been the target of frequent suicide bombings in recent months.

They were then handed over to Cameroonian soldiers belonging to a multi-national force set up to take on Boko Haram.

In a high-profile attack that sparked a global outcry, Boko Haram militants raided the school in April 2014 while the girls were taking exams. They loaded 270 of them onto trucks, though around 50 escaped shortly afterwards.

“One of them indeed declared that she is one of the Chibok hostages. She is around 15. We are now verifying, because on the Nigerian side they have the names and photos of these girls,” said local government administrator Raymond Roksdo.

Two military sources, who asked not to be identified as they were not authorised to speak to the press, also confirmed that the girl had claimed to have been one of the Chibok abductees.

“We need a few days to be able to confirm this information. We have to debrief all the men who were present and interrogate the two girls before we can say anything,” one of the military sources said.

Former Nigerian president Goodluck Jonathan was criticised for his slow reaction to the Chibok abductions, seen by many as indicative of his response to Boko Haram, which at its strongest held large swathes of northeastern Nigeria.

It was nearly a month before a fact-finding committee traveled to Chibok to establish whether the abduction actually happened and how many girls were missing.

President Muhammadu Buhari, who defeated Jonathan in an election last year, ordered a new investigation into the kidnappings in January.

Joint operations between Nigeria and its neighbours Niger, Chad and Cameroon succeeded in driving Boko Haram from many of its strongholds in Nigeria last year.

However, as an 8,700-strong regional task force seeks to stamp them out once and for all, the Islamists have stepped up cross-border attacks and suicide bombings, many of them carried out by young girls.

EFCC Unfolds Fresh N116bn Scam

EFCC Subsidy Fraud
EFCC

Economic and Financial Crimes Commission has unfolded a fresh N116 billion scam following which 18 officials the Office of the National Security were been probed.

The committee set up by the Federal Government to probe contracts awarded by the Office of the National Security Adviser from 2011 to 2015 indicted the 18 officials and other aides to the immediate past National Security Adviser, Sambo Dasuki.

A reliable source sad that some of the officials of the ONSA were believed to have awarded fictitious contracts to themselves through proxies in a bid to divert public funds.

The panel had indicted a former Chairman of the House of Representatives Committee on Security and Intelligence, Mr. Bello Matawalle; a former Special Adviser to ex-President Goodluck Jonathan on New Partnership for Africa’s Development, Dr. Tunji Olagunju; a former Principal General Staff Officer at the ONSA.

Brig.-Gen A.S Mormoni-Bashir; a Director at the ONSA, Ambassador Clement Layiwola; a former aide to the NSA, Col. Bello Fadile (retd.); and a former Director of Finance and Administration at the ONSA, Alhaji Shuaibu Salisu, among others.

A reliable source said some of the 18 officials might have connived with the principal suspects to perpetrate fraud.

It was also gathered that the EFCC was also investigating some firms and individuals for non-payment of Value Added Tax and other taxes on the contracts they were awarded at the NSA office.

The Presidency had, on Friday, revealed that 300 individuals and firms were indicted over contracts awarded by the ONSA between 2011 and 2015.

The firms were indicted by a committee set up by the Federal Government to probe contracts. The companies include Julius Berger PLC and Daar Investment and Holdings Limited.

 

The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, had, in a statement on Thursday, said the committee on the latest probe was different from the committee investigating the Defence Arms and Equipment Procurement.

He added that the committee discovered that there was a total disregard for salient provisions of the Public Procurement Act in the award of contracts by ONSA.

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