Connect with us

Metro News

ICPC: Imo, Two Other States Diverted Bailout Funds Meant To Offset Salaries

Published

on

BUHARI-STATE-GOVERNORSThe Independent Corrupt Practices and Other Related Offences Commission (ICPC) yesterday disclosed that 16 states were yet to disburse about N57, 663, 185, 735 out of the bailout funds approved for them by President Muhammadu Buhari.
This is just as it fingered some states including Imo, Zamfara and Enugu, as engaging in diversion of the bailout funds which were meant for workers’ salaries, to other use.
Some states were yet to either collect or utilize the bailout funds as at the time the ICPC compiled its report.
Those in this category are Sokoto, Kogi and Bayelsa states.
The Commission made the disclosures in a statement in Abuja by its spokesperson, Edet Ufot, on the report of its investigation into the use of bailout funds by 23 states.
It would be recalled that President Buhari in a three-pronged relief package last July, approved the sharing of a total of N713.7 billion to cash strapped states to pay outstanding workers’ salaries.
The package involved the sharing of N413.7billion Liquefied Natural Gas (LNG) proceeds between the states and the Federal Government using the revenue allocation formula, a special intervention fund of between N250 billion and N300 billion from which states could obtain soft loans from the Central Bank of Nigeria, CBN, to pay salary arrears as well as a debt relief programme as proposed by the Debt Management Office (DMO), to help states restructure their commercial loans now put at over N660 billion.
In the document, ICPC/P.E/27/S.1, which was dated April 22, 2016, the commission said: “The report comes under ICPC Prevention mandate and states are welcome to use this initiative”.
Some states that have not fully utilized their bailout funds according to the ICPC, are as follows: Adamawa (N7,200,000,000); Bauchi (N195,011, 616m); Benue (N1,650, 084,000.520); Cross River (N4,715, 516, 959); Ekiti (N390,613, 747m); Katsina (N8,574,415,469); Gombe (N4, 361, 119,848.27); Ondo (N1, 537,575,050.32); Osun (N16, 311,765,418); Plateau (N26, 980,938.85m); Kwara (N29,862,014.92m); Oyo (N1,111,652, 408.40); Delta (2,806,911,019.50); and Kebbi (N4,463,975,420.27).
The commission said: “As part of the Federal Government’s effort to end the lingering crisis of unpaid workers’ salaries in most states of the federation, President Muhammadu Buhari approved a comprehensive relief package designed to salvage the situation through the Central Bank of Nigeria (CBN)’s Special Intervention Fund which offered affected states’ soft loans solely for the purpose of paying the backlog of salaries.
“Whereas the Central Bank of Nigeria (CBN) is yet to officially confirm this to the commission, the 27 benefiting states from the open sources are: Abia, Adamawa, Bauchi, Bayelsa, Benue, Borno, Cross River, Delta, Ebonyi, Edo, Ekiti, Enugu, Gombe, Imo, Katsina, Kebbi, Kogi, Kwara, Nasarawa, Niger, Ogun, Ondo, Osun, Oyo, Plateau, Sokoto and Zamfara.
“Following strident allegations of diversion of these bail-out funds and to avoid industrial unrest, ICPC in collaboration with the Nigerian Labour Congress (NLC) decided to monitor the disbursement of the bailout funds in the 27 benefiting states. However, relying on available sources we could only cover 23 states.
“The Independent Corrupt Practices and Other Related Offences Commission (ICPC), working in concert with the Nigeria Labour Congress (NLC), made good its resolve to monitor the bailout funds for the offset of salary arrears loaned to 27 states of the federation as approved by President Muhammadu Buhari.
“Following the conclusion of the monitoring exercise, the commission hereby wishes to issue, for public notice, the report of the exercise. The commission also will not hesitate to provide updates to this report where applicable.
“It is important to note that the monitoring exercise report and probable updates are being released to the public by the ICPC to foster understanding between workers and the state governments by providing a transparent process that eliminates information gaps that often lead to rumour-mongering.
“The commission is convinced that this will promote a healthy atmosphere for interaction between the parties on the matter”.

Continue Reading
1 Comment

1 Comment

  1. Abraham

    May 14, 2016 at 9:37 pm

    The Bayelsa State govt is offering a month salary to LGs after verification and after receiving bailout and also holding allocation from January to date. Is the ICPC aware of the misuse of our money (corruption)? I think the govt has used our money.

Leave a Reply

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

Metro News

Nigeria Ranks Third On Global Terrorism Index Despite Drop In Deaths – Report

Published

on

Nigeria Ranks Third On Global Terrorism Index Despite Drop In Deaths – Report

Boko Haram

Nigeria has been ranked as the third most terrorized country in the world according to a 2020 report by the Global Terrorism Index (GTI).

The report which was released on Wednesday, ranked Nigeria third only behind war-torn countries of Afghanistan and Iraq.

According to the GTI report, Nigeria witnessed an increase in Boko Haram attacks in the period under review, witnessing her worst terrorist attack in 2019 in northeastern Borno State, where at least 70 people were killed and 10 others wounded when insurgents attacked at a funeral.

Also Read: Presidency Clears Air On N150,000 Monthly Payment To Repentant Boko Haram Members

“Over the past year, Boko Haram increased attacks on military targets, with deaths rising from 26 in 2018 to 148 in 2019,” the report said.

However, the report recognized that terror-related incidents in the country fell by 27% in the same period due to a significant reduction in violence attributed to killer herdsmen.

“This reduction occurred despite a small increase in deaths attributed to Boko Haram, which has been the most active terrorist group in the country over the past decade. Deaths from terrorism in Nigeria are now 83 percent lower than at
their peak in 2014.”

 

Continue Reading

Metro News

Nigeria’s Communications Minister, Isa Pantami, Loses 13-year-old Daughter

Published

on

Nigeria's Communications Minister, Isa Pantami, Loses 13-year-old Daughter

Communications minister, Isa Pantami

Minister of Communications and Digital Economy, Isa Ali Pantami, has announced the loss of his 13-year-old daughter, Aishah Isa Ali.

The Minister took to his Twitter account on Monday night to announce this sad news.

Pantami stated that the funeral prayer for the deceased will be conducted in Abuja on Tuesday at Annur Masjeed, Wuse 2.

Also Read: Gunmen Evict NIDCOM Staff From Office On Minister’s Order

The post by the minister announcing the incident reads; “Inna lil Laahi wa inna ilaiHi Rajiun! My 13-year old daughter, Aishah Isa Ali (Amal) passed away just a moment ago.

“Due to some necessities, funeral prayer tomorrow at Annur Masjeed, Wuse 2, immediately after Zuhr prayer In sha Allah. May Allah forgive and be merciful to her.”

 

Continue Reading

Metro News

Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Published

on

Cult Violence: Wike Imposes Two-Week Curfew Around Okoro-Nu-Odu

Governor Wike

Governor Nyesom Wike of Rivers State has imposed a 24-hour total curfew for two weeks on some parts of Port-Harcourt, the state capital.

The Governor made this known during a broadcast on Sunday where he noted that the curfew begins from Monday 23rd November 2020.

The statement noted that the upsurge noticed by the state government in cases of cult activities, other forms of violence, and killings is responsible for the curfew.

Also Read: Umahi Unhappy With PDP Because Atiku Picked Peter Obi – Wike

Wike in the statement declared that the entire area along and around the Okoro-nodu flyover up to a one-kilometre radius from Saint Emmanuel Anglican Church, Rumuokoro, extending to the Rumuodomaya Slaughter and Local Government daily market will be affected.

He added that no form of trading, human or vehicular movement is allowed in the affected areas until further notice.

Continue Reading

Trending