Skip to main content

Osinbajo: We’ll Probe N2bn Ecological Fund Shared Under Jonathan

Vice President Yemi Osinbajo says the current administration will probe the N2 billion ecological fund alleged to have been shared under the administration of former President Goodluck Jonathan.

Governors had earlier met Kemi Adeosun, minister of finance, to seek the disbursement of the country’s ecological fund.

When the issue was presented at the national economic council (NEC) meeting in Abuja on Thursday, Osinbajo said the government of President Muhammadu Buhari would investigate previous spending.

According to Laolu Akande, special assistant to the vice-president on media and publicity, the governors discussed the issue of the N2 billion, which was allegedly shared among some states under “unclear circumstances and criteria”.

“There were complaints that state governments did not have equal access to the fund amid allegations of political preferences,” Akande said in a statement.

“Vice-President Osinbajo assured the council that the matter would be properly investigated, broadly reviewed, and forthright counsel would be made to the president regarding the matter.”

Akande also quoted the vice-president as saying the government is paying diligent attention to the issue of abuses and excesses of certain revenue generating Agencies (RGA).

The statement added that Adeosun was asked to brief the council on abuses by RGAs, and that she said some agencies were paying salaries above specifications of the Revenue Mobilization Allocation and Fiscal Commission (RMAFC), and converting official cars to personal ownership under 48 hours of purchase.

“Other abuses stated include inappropriate and arbitrary monetization of medical allowances, undue and excessive overseas travels, lavish training allowances and conference spendings, excessive and personal loan approvals, including unapproved mortgages among others,” the statement read.

“These agencies were said to raise as much as N1.5 trillion annually, and spend almost 90 percent of it on recurrent expenditure in clear violation of due process and the constitution.”

The minister reportedly said the financial abuses had been going on for a decade, revealing that the agencies involved hide revenues that ought to go into the federation account.

She said such activities will now be exposed and terminated as directed by the president.
Post a Comment

Popular posts from this blog

FG and labor leaders to meet today over planned strike action against increased pump price

The Federal government, leaders of the Nigeria Labor Congress NLC ‎and Trade Union allies will be meeting today May 16th to discuss on the planned strike action by the Labor congress. The labor leaders on Saturday May 14th gave FG till midnight of Tuesday May 17th to revert to the old pup price of petrol of N86.50 or face a total strike that may begin on Wednesday May 18th.

The Federal government and Labor leaders' meeting will hold at the office of the Secretary to the Government of the Federation in Abuja by 10am..

Those expected at the meeting include Minister of Labor Chris Ngige, leaders of NLC, TUC, Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, and their Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN counterpart.

TRAGEDY IN GHANA-Police officer, pregnant wife, daughter perish in gory accident,new born baby survives

A Police officer, his pregnant wife, their 3-year-old daughter and their nephew died in a horrible accident on the Adabraka road Sunday dawn.

The Police officer identified as Sergeant Francis Essuman 42, with his nephew Kobby 21, and their daughter Wilhelmina 3, were accompanying his pregnant wife, Elizabeth Essuman, 36, to the hospital to deliver when the accident occurred.

According to Chief Inspector Lilly Rockson in an interview with Adom News said, the pregnant woman delivered a bouncing baby boy in the taxi half way to the hospital prompting them to panic.

In a bid to quickly get her to the hospital to avert any complications, the taxi driver was compelled to speed but ended up crushing into a Sprinter bus which was on top speed from Tudu in Accra.

Title-crazy civil servants to go

Title-crazy civil servants are scared of being sacked, The Nation learnt at the weekend. Officials, who violated the Public Service Rule banning titles until after retirement, may be retired in the coming civil service reforms.
Only those whose titles were traditionally inherited may be spared but their postings and conduct will be put under watch.
According to sources, the government is disturbed that most of the top civil servants with honorary awards actually bought them at high fees.
The affected civil servants violated the rules which grants them the right to such honors only after retirement.
Besides committing the resources of Ministries, Departments and Agencies (MDAS) to such awards, most of the civil servants used the window to “grant favour to groups, persons, and communities in violation of their oath of office.”