google.com, pub-7039602827030546, DIRECT, f08c47fec0942fa0
Connect with us

Uncategorized

Reps probe AGF over N2.2trn revenue accrued from foreign, domestic debts

Published

on

Spread the love

The Accountant General of the Federation (AGF) is expected to furnish the House of Representatives with a financial statement on the utilisation of the N2.2 trillion revenue accrued from the foreign and domestic debts raised by the Debt Management Office (DMO).

Chairman, House Committee on Public Accounts, Hon Oluwole Oke, issued the notice during the investigative hearing into the 2018 audit query against DMO, demanded details of the utilisation of the fund and the rationale for reflecting the fund in the DMO’s financial statement.

As reported by Tribune Online, Chairman of the Committee, Hon Oluwole Oke, was curious that the DMO could not account for the amount that was appropriated for and did not appear in the Accountant General’s books.

“We should hold you liable to the actual sum released to you. If it is in the law that the DMO had a budget of N2.2 trillion. Now, where is the money? Who got it? Was it released? This is a law and the law says that 2.2 trillion had been given to DMO. Was the money given to the DMO? No.“

Who took the money? Accountant General? Why? If you are not the manager then it should not appear in your books but the books of the Accountant General of the Federation,” Hon Oke asked.

One of the lawmakers who frowned at the development, said: “Are you saying this figure did not come from your office to the National Assembly for approval? Somebody put this figure in your budget and you just saw it here at the National Assembly? Are you now saying that there is a budget provision in your agency that you cannot account for it?”

In her response, DMO Director-General, Patience Oniha, who affirmed that the sum of N2.2 trillion accrued as interest (cost) from the loans midwives by the agency, however, stated that the sum of N721,251,798, was allocated to DMO.

On the non-rendition of the audited accounts, Ms Oniha who was represented by the Director of Finance and Accounts, Mrs Feyi Olumide-Akinyemi, disclosed that the audited account has been submitted to the Minister of Finance, Budget and National Planning for approval.”

It does not come to our books. It does not come to our account. It does not reflect anywhere in our books. We do not have access to the other one and that is why we always say it should be separated.

“During each process, the budget office requires the DMO to give them a projection of interest payments, so these are the interest projections we made that the government will bear on our domestic and external debts and then a provision to take care of local contractors which is the sinking fund,” she said.

She explained that nothing was released for capital expenditure for 2018, but noted that the fund was released in 2019.

According to her, from the total sum of N721,251,798 accounted for, the sum of N435,768,793 was for personnel cost, N110,883,005 for overhead cost, and N174.600 million for capital expenditure.

She said in the year under review, they received 89.74 per cent of the sum for personnel cost, and it was released through the office of the Accountant General of the Federation and the remaining amount was mopped up automatically.

She said out of the overhead cost they got 58 per cent of the sum, which is N64 million, and the balance was also mopped up at the end of the year.

The lawmakers also demanded the rationale behind the non-release of the fund to other agency, as alleged by the Director General’s representatives.

While responding to question on the foreign bank accounts owned by DMO and details of internally generated revenue, Ms Oniha who responded in the negative, stressed that the agency is fully treasury funded.

While responding to question on the number of staff on the agency’s nominal roll, Ms Oniha discloses that DMO currently has 110 staff on its nominal roll, for which the sum of N64 million was released in 2019.

To this end, Hon Oke who directed the Clerk to demand financial records on the utilisation of the N2.2 trillion also requested for all relevant payment vouchers issued by DMO for all its financial transactions for the years under review.

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

Gov Fintiri Performs Groundbreaking Of 2 Flyovers In Bauchi

Published

on

By

Spread the love

Adamawa State Governor, the Rt. Hon. Ahmadu Umaru Fintiri on Sunday performant the ground breaking off the construction of two Flyover bridges in the heart of Bauchi by the State Government.


Performing the flag off on behalf of the Bauchi State Government, Governor Fintiri declared that Senator Bala Mohammad has developed a legacy of promises kept.


“With the projects I have seen in Bauchi State and the ones in the offing including the overhead bridges, we are about to flag off now, I am left with no other option than to congratulate the good people of Bauchi State for having a visionary and courageous leader like Senator Bala.

“The true definition of leadership often times, is not rooted in the quantum of resources at the disposal of a leader. It is more measured by the vision and courage such a leader brings to the fore in the decision of how such resource are deployed and the craft of what project are prioritized.” He said.


Governor Fintiri while commending Senator Bala for the design and prioritization of projects, noted that only few leaders have the courage to rise above lazy routes and brace up to gigantic projects.


He said that overerhead bridges referred to as Flyovers are not just symbols of municipal ecstasies but solutions to vehicular traffic which eases movement. “Having them in Bauchi is therefore a good decision that would continue to define the vision of Senator Bala Mohammed in solving the problem of not only the present-day Bauchi but the Bauchi of tomorrow.”


Speaking earlier, the Bauchi State Governor Bala Mohammad noted that population growth informed the idea behind constructing the flyover, adding that it will redefining urban transportation.


Governor Bala said as gateway to the North East it will give a first visitor to the region a good impression.


He noted that the choice of Governor Fintiri to break the ground is deliberate, describing him as one of the best that has changed the landscape of the region through the execution of viable projects.


The Governor of Borno. Prof Babgana Zulum and that of Gombe Mohammad Inuwa Yahaya were present at the event.

Humwashi Wonosikou
Chief Press Secretary to the Governor

Continue Reading

Uncategorized

Adamawa Poly Matriculates 2,818 New Students For 2023/2024 Academic Session

Published

on

By

Spread the love

By Atanga Philip

A total of 2,818 student have been matriculated into various discipline of studies at the Adamawa State Polytechnic Yola for the 2023/2024 academic session.

Rector of the Polytechnic, Prof Mohammed Dahiru Toungos gave the revelation at the weekend in his welcome address at the school’s matriculation ceremony Polytechnic.

Breaking down the admission category, the Rector explained that Yola and Jambutu campus have two thousand four hundred and twelve, two hundred and fourteen at Numan campus while it’s National Skill Qualification, NSQF has one hundred and two.

Professor Toungos pointed out that though the institution recorded low enrollment it however poised to delivering quality service to the students.

He enjoined the matriculants to commit to their studies with tenacity and focus.

The Rector urged the learners to be regular and consistent in attendance at lecture and eschew all forms of deviant behaviours.

While assuring them of maximum security and safety, Dahiru Toungos congratulated and them successful and prosperous studies.

Earlier in a remark, the students representative of the Polytechnic, Mr. Kingsley Johanna appreciated the school’s management for the privilege to study.

He counselled the matriculating students to widen their horizon and positively impact the society during and after their stay at the Polytechnic.

Yohanna who expressed their readiness to be law abiding charged his colleagues to seek and embrace wisdom, honesty and integrity among other noble virtues.

It is now left for the students to delve into studies in earnest and all tenacity to justify the oath they took and get their parents to pride in them.

SAHEL REPORTERS

Continue Reading

Uncategorized

Bauchi Lawmaker Pledges To Expedite Passage Of Bill On Reduction Of Out-Of-School Children

Published

on

By

Spread the love

Honourable Nasiru Ala, the Chairman, House Committee on Education in the Bauchi State House of Assembly has pledged to expedite the passage of the state framework Bill to reduce Out-Of-School in the state.

He made the pledge during a two-day regional stakeholders meeting on out-of-school children and retention, transition as well as completion models in Bauchi, Gombe and Adamawa states.

According to him, any moment the bill is sent to the state House of Assembly from the Executive, the lawmakers would expedite actions to ensure that the bill is passed within three to four weeks.

He said “based on the law making, we are going to enact this particular law on the domestication of the Bauchi state framework to reduce Out-of-School children bill within three to four weeks from the day of reception from the Executive Arm.

“Our governor has been very cooperative and supportive on this particular issue of out of school children because it is a serious menace.

“As an academic, I’m not always happy anytime I hear the word Out-of-School children.

“That is why it’s not going to be a big deal in the Bauchi state House of Assembly to enact the state framework to reduce Out-of-School children in the state.

“In three weeks time In-Sha-Allah, we are going to pass into Bill this State Framework to reduce Out-of-School children in the state”.

Also speaking, Mr Raphael Aiyedipe, Education Officer, UNICEF Bauchi Field Office, said that the Universal Basic Education Commission (UBEC) had developed a National Framework of Action to Reduce Out-of-School Children and drive access to education in the country.

According to him, the framework commits to substantially and systematically decrease the number of Out-of-School children in Nigeria by 2030.

He highlighted some of the objectives of the framework to include; improve access and quality of education for all Nigerian children, drive improvement in learning and relevant skills development.

Others, he said, were to accelerate the social and economic development of communities and the country at large.

“The Framework has 5 thematic areas that includes; political actors and this means gaining the political will and government commitment.

“Best practices and alternative pathways and this translates to defeating learning poverty, Community accountability, that is engaging stakeholders to build ownership.

“Technology and ICT which means improving access through innovative solutions and Financing mechanisms, that is, reaching the most vulnerable,” he explained.

Continue Reading

Trending

Copyright © 2021 Sahel Reporters