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Fund meant to fix Nigeria is being stolen on daily basis, says Owasanoye

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Pervasive systemic corruption in the country has paved way for Money needed to fix Nigeria to be stolen on daily basis, Chairman of the Independent Corrupt Practices and other Related Offences Commission ( ICPC), Professor Bolaji Owasanoye has indicated.

Owasanoye stated this in Abuja as Guest Speaker at the 2 – day Capacity – Building Workshop organized for members of the House of Representatives Committee on Anti – Corruption and Military Officers, by the National Institute for Legislative and Democratic Studies ( NILDS)

He said on electronic transactions alone,  N24trillion has been transacted between January to June this year , which is always about  N50trillion yearly. 

Corruption in Nigeria according to him, is highly systemic as it is being perpetrated in most of the government owned agencies, particularly the revenue generating ones.

He disclosed that the ICPC intercepted N181million about being diverted or stolen by corrupt public officers between January and June this year from 19 of such agencies, saying “we are not in short supply of anti – corruption legislations but grossly in short supply of integrity “.

“If not for lack of integrity from affected public officers , Nigeria has enough anti – corruption agencies or institutions to stem the tide of systemic corruption.

“Aside ICPC and the Economic and Financial Crimes Commission ( EFCC) , public institutions like the Bureau for Public Procurement ( BPP), the Central Bank of Nigeria ( CBN) and 45 others are anti – corruption regulatory bodies .

“The CBN is an anti corruption gatekeeper, the Infrastructure Concession and Regulatory Commission, (ICRC) is an anti corruption gatekeeper…I could go on, many of them like that, if you aggregate them, you would get like about 50.

“Most regulatory bodies also play anti corruption role. Virtually, all professions are regulated…and every unethical practice that is carried out by these professionals is already prohibited by their rules, so we are not in short supply of anti corruption institutions but what we are in short supply of,  is integrity. We have a generous supply of hypocrisy, and we also deceive ourselves.

“But despite the required legislations or laws to fight the cankerworm, lack of integrity and political will from those saddled with  running of the agencies , make corruption to be so pervasive in the country .

” Unfortunately since corruption erodes capacity of state or government , to provide welfare for the people , is also fueling and aggravating insecurity in the land .

 “If corruption is fought to standstill by all relevant agencies and public officers , it will be discovered that the money  to fix Nigeria , is in Nigeria and not elsewhere because N24trillion was spent  on monitored electronic transactions alone among Nigerians within Nigerians from January to June this year, which runs to about N50trillion yearly”, he said .

He further pointed out that corruption is an existential issue for Nigeria as a country adding that the country needs to have conversation around it.

According to him, factors like weak legislative oversights by relevant committees of the National Assembly, contracts variations and duplications by MDAs, tax avoidance , evasion and underserved waivers etc , are the channels through which corrupt practices are carried out in Nigeria 

He also  blamed his colleagues in the legal profession, who at times would be acting for clients against the Commission, who are serving public servants involved in corrupt practices of using public funds for execution of projects through companies they have interests in, as according to him, it is illegal for such clients to be involved in such businesses at that time, and also ethically wrong for them to award such contracts to companies where they have interests, adding that such ethical breaches ought to be dealt with properly.

In his remarks, Chairman of the House Committee on Corruption, Hon. Shehu Garba said corruption usually denies a nation of the needed development, and making good plans for the future, adding that fighting the menace cannot be effective without collaboration.

The Chief of Defence Staff , General Lucky Irabor , represented by Major – General A. A . Adesope said there is a serious link between corruption , insecurity and instability .

He said the theme of the Workshop ” Corruption : A threat to Security in Nigeria ” , is  very apt at this time that the country and in particular , the military and other security agencies are taking the fight to those perpetrating various crimes and criminalities across the country .

“Corruption engenders insecurity and instability in the country and must be fought by all and sundry “, he said .

In his own remarks , the Director – General of NILDS, Professor Abubakar Sulaiman said the workshop was organized for members of the House Committee on Anti – Corruption and  military officers as a way of bringing to the front burner , the need for required collaboration in the war against corruption by all relevant stakeholders .

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Tinubu applauds Dangote Group over diesel price reduction

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From Ahmed Rufai, Dutse
Nigeria’s President, Bola Tinubu has commended the examplary achievement of Dangote Oil and Gas Limited, in reducing the gantry price of Automotive Gas Oil (AGO), also known as diesel.

The Group recently reviewed the gantry price of AGO, downwards from ₦1,650 to ₦1,000 per litre for a minimum of one million litres of the product, as well as providing a discount of ₦30 per litre for an offtake of five million litres and above.
The price review represented a 60% drop, which will, in no small measure, impact the prices of sundry goods and services.
A statement signed by Special Adviser to the President (Media & Publicity), Ajuri Ngelale, on Wednesday, said the president affirmed that Nigerians, domestic businesses, and the transportation sector, will benefit enormously from the price reduction.
Tinubu noted that partnerships between public and private entities were essential to advancing the overall well-being of the country
The federal government currently has a 20% stake in Dangote Refinery.
The president then called on Nigerians and businesses, to, at this time, put the nation in priority gear while assuring them of a conducive, safe, and secure environment to thrive.

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Budget 2024: Again Obi uncovers more insensitive, undeserving allocations

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The Presidential Candidate of the Labour Party in the 2023 general elections, Peter Obi has again uncorvered lopsided allocations in the 2024 federal budget

Obi in his previous remarks on the budget called for a total review of the budget

He insisted that there were various misplacement of priorities tilted against poor and vulnerable Nigerians

Obi expressed dismay that the National Assembly Hospital was receiving whooping N15b for one year, the amount which he said is five times more than that allocated to the National Hospital and six other premier Teaching Hospitals in the country.
The former Anambra Goverrnor made his observation his verified X handle on Tuesday

In his words ‘I will remain persistent in my expressions of deep concern about the 2024 budget because of its critical importance to the lives of the citizens especially the poor in our midst.
“I will continue to do so until the end of the year as a matter of patriotic engagement. This is because the many negatives of the budget have far-reaching implications for the development of our dear nation and the well-being of our citizens.

“It is evident that there are items in the budget that do not align with our current circumstances, and it is imperative to call for a review and appropriate virement. Allocating our scarce resources to high-priority areas of need is essential for the well-being of the nation.

“For instance, allocating N15 billion solely for the National Assembly hospital is unacceptable, especially when it exceeds five times the budgetary allocation to the National Hospital or the combined capital vote of our six major teaching hospitals across the nation, namely; University College Hospital, Ibadan; University of Nigeria Teaching Hospital, Enugu; Ahmadu Bello University Teaching Hospital, Zaria; Obafemi Awolowo University Teaching Hospital, Ile-Ife; Jos University Teaching Hospital and University of Ilorin Teaching Hospital.
He said the disparity reflects a low level of care for the rest of society.

“Similarly, justifying a budgetary allocation of N15.3 billion for the National Assembly library project and procurement of books, including the e-Library, in a country without a National Library is very disappointing.
“The National Library has been under construction for the past 20 years, and its budgetary allocation for 2024 is less than 1B Naira, which makes the National Assembly Library budget 15 times more.

“Again the National Assembly Library budget is more than the combined budget of the top national universities’ libraries that desperately need the Libraries for research, teaching and learning purposes.

“Furthermore, allocating N10 billion for the Senate’s and House of Representatives car parks and the National Assembly Recreation Centre, while allocating less to the Ministry of Science, Technology, and Innovation, is concerning. In an era where science, technology and innovation are crucial for the nation’s future, such allocations demonstrate a lack of foresight and basic awareness of global trends and urgent national priorities.

“This level of insensitivity to the present situation and challenges faced by the people should not be tolerated by any development-minded nation.

“Every scarce resource must be directed towards productive sectors of the economy. It is time for our nation to reassess its priorities, revisit the budget, eliminate frivolous expenditures and channel our resources properly for the benefit of the people.

“No great nation is built on a foundation of waste and frivolity.”

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CUPP scribe describes Lagos-Calabar highway contract as highway of fraud

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**Says N3000 toll fee is exorbitant

The General Secretary, Coalition of United Political Parties (CUPP), Peter Ameh has aligned with the ascertion of Former vice president Atiku Abubakar that Lagos Calabar highway contract as high way to rob the Nigerian people.
The CUPP scribe said it is high way to fraud saying that the cloud hovering over the award of the contract have all the trappings of corruption and abuse of power
In a statement he issued in Abuja on Friday Mr. Ameh said the process lacks transparency and due process, as the contract was awarded without proper oversight and competitive bidding process.
According to him, the cost of building the road per kilometer is outrageous and unacceptable.
“We are already worried that due process was not followed in both the selection and award of the contract for the project.”
He said, the intention of Federal government that vehicles would pay an average of N3,000 per toll is not acceptable and should be rejected by all Nigerian citizens as it will further increase the burden on the Suffering masses of our country.
“Anything above 300 Naira will create a lot of hardship but worst case scenario 500 Niara will be totally intolerable. Let the people breath.

“We all know that there are institutions and bodies, agencies that are created by law to take care of matters of this nature, ranging from the Federal Executive Council, which sits to consider the economic imperative of this kind of gigantic project, the National Assembly which has been constitutionally mandated to apprropriate the funds, Bureau of Public Procurement which looks at the entities that will execute the contract without the federal government spending above and beyond what the project would ordinarily have cost, and etc.

According to him, constitutional democracy which we practice, funds are not arbitrarily expended without the authorisation of the legislative arm, which controls the purse of the nation and the president ought not to have doled out a trillion naira plus to his friends without authorisation.

“But in the event that the coastal highway is a build-operate-transfer-project, due process must also be followed with the aforementioned institutions and agencies which ought to have put in their knowhow with their input taken into consideration.
“If President Tinubu, as reported in the dailies and social media, has awarded the contract to the Chagourys who are alleged to be his bossom friends and business partners without due process and due consideration to the constitutional and statutory provisions, the National Assembly (that is if we have a functioning and responsible parliament that is not beholden to the Executive Branch) is obligated to set up an ad-hoc committee to investigate and possibly call the president to order because doing what he is alleged to have done is a breach of the Constitution which he has sworn to uphold and protect.
“APC government has failed to deliver on the promises of open government and has decided to use government to reward their friends and cronies at the expense of tax payers.
All government contracts must follow open and competitive bidding process.

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