RECOVERED PROCEEDS OF CORRUPTION: OAGF WAITING FOR LITIGATION
TO END: THAT IS LIKE WAITING FOREVER MR PRESIDENT BUHARI PLEASE TURN IN THE RECOVERED
SUMS NOW, TO CHIEF REGISTRARS OF VARIOUS COURTS
Mr President Buhari
Your Excellency Sir
and the Accountant General of the Federation find a convenient argument in
saying your regime would not release the recovered proceeds of corruption
because of on going litigation until those be concluded whenever.
Here is the deal
Mr President deposit all of the monies into court, each court has an account
kept with the Chief Registrar. The Chief
Registrar of the Federal High Court or FCT High Court Abuja and others would
acknowledge receipt as the proceeds trickle in rather than keeping the Nation
in the dark.
Courts
usually
make a note of every Naira paid in and that way we would know what is
going on.
These being Exhibits sums, the rules of court abhors it, the Executive
arm do not keep the COURTS' EXHIBITS when cases are pending. It is disrespectful of the judicial
process & to the good people of Nigeria; so that truth and transparency may suppress executive deception.
Best regards,
Carol Ajie, LL.M (Int'l Legal Studies) Georgetown
Constitutional and Human Rights Law
‘Litigations stall release of funds recovered from looters’
— 25th March 2016
From Isaac Anumihe, Abuja
The Accountant General of the Federation (AGF), Alhaji Ahmed
Idris, Tuesday, said the reason the Federal Government has not released
recovered funds from former public officers was because of litigation issues
around them, stressing that until the legal processes are concluded, government
cannot release the funds.
“We must allow the legal processes to be concluded, otherwise we will be
jumping the gun. Nigerians must be told to exercise some patience and let the
legal processes be concluded,” he appealed.
Idris who spoke at the end of the Federation Accounts Allocation Committee
(FAAC), said that all allocations for February are cash-backed and
expected to hit the accounts of the states within 48 hours. This was
against the apprehension that allocations are not usually cash-backed, which
was the reason some civil servants collect their salaries late.
Giving the breakdown of the allocation for the month of February, 2016, the
Permanent Secretary in the Ministry of Finance, Alhaji Isa Mahmud Dutse, said
the total statutory allocation for the month of February was N270.499 billion
while the total net distributable was N264.238 billion.
Whereas the Federal Government got N127.200 billion, the states got N64.518
billion and the local governments collected N49.740 billion. Similarly, the
lithoral states received N22.780 billion being the 13 per cent derivation.
According to Dutse, the gross revenue of N270.4699 billion for the month of
February was lower than the N290.961 billion received in the previous month by
N20.462 billion owing to low revenue production.
“Oil production increased slightly between December 2015 and January 2016
despite explosions at Escravos Terminal, force majeure declared at Brass
terminal, shut-in and shut-down of pipelines at other terminals for repairs and
maintenance. There was revenue loss of $45.90 million as a result of drop in
average price of crude oil from $39.04 million in December, 2015 to $29.02
million in January. Also, a substantial drop in income was recorded from oil
and gas royalty, companies income tax and import duty,” he said.
He also noted that the balance in the Excess Crude Account is $2.259 billion.
Trade Fair: Coalition of South-South Chamber targets 500 local,
foreign exhibitors
From Walter Ukaegbu, Abuja
The President Coalition of South-South Chamber of Industry, Mines and
Agriculture [FOSSCCIMA], Prince Billy Gillis-Harry, has said that over 500
local and foreign exhibitors are expected at the maiden trade fair of the
chamber holding April 2016.
Gillis-Harry was speaking against the backdrop of the first South-South
International Trade Fair which is billed to come up from April 10-30,
2016 at the Isaac Boro park in Port Harcourt.
He said that the theme of the Trade Fair is “Growing the South-South Economy to
Establish Enduring Peace and Security of the Region to Impact Nigeria.”
The president said that the fair which will attract different companies from
across West Africa to showcase their products will provide temporary jobs for
more than 250 youths.
He said that children are not left out of the fair as over 1000 schools are
expected to participate to showcase their talents.
“It is a multi-sectoral trade fair which will provide an ideal and perfect
business matchmaking platform for manufacturers, importers, service providers,
traders, investors and visitors to meet and discuss business opportunities.
“It will showcase products from the manufacturing industries ranging from food
and beverages, garments, textiles and fashion accessories, footwear, gifts and
decorative items toys, health and beauty products.
“It will also showcase other products which include household and kitchenware,
jewelry and stationery, industrial equipment, electronics, communication
equipment and accessories to banking and financial products, insurance,” he
said.
“We are expecting over 500 companies from across the country and the West
African sub-region especially those with existing businesses and business
interests in the region, while urging others wishing to tap and leverage her
huge market opportunities and potentials
He said that with the theme of the trade fair in mind, FOSSCCIMA is
organising the ‘Nights of stars’ a talent hunt project to identify, showcase
and most importantly, enable potential young change makers from the region to
actualize their talent in the now money-spinning Nigerian entertainment industry.
“The region which has produced some of the best still has hundreds of hidden
and unrecognized talents.
“There is over N2m cash prizes that is available across four categories of
contestants namely Singing, dancing, comedy and DJS. Winners will be given
recording, performance, management and marketing contracts by FOSSCCIMA.
“We have invited top producers, music marketing companies and artiste managers
to attend and help us select, superintend and ultimate bring the dreams of
these youths to fruition,” he said.