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Senate Probes CBN, Others On Revenue Descrepancies

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The Senate on Tuesday began a probe into the alleged “misuse, under remittance, non-remittance and other fraudulent practices” in the collection, accounting, remittance and expenditure of internally generated revenue by all revenue generating agencies of the Federal Government.

It therefore constituted a “high powered” six-man ad hoc committee to investigate the leakages in revenue generation, remittance and expenditure from 2012 to 2016.

Agencies to be investigated include the Central Bank of Nigeria, Nigeria Ports Authority, Nigeria Maritime Administration and Safety Agency, National Airspace Management Agency, Federal Inland Revenue Service, Nigeria Television Authority, National Broadcasting Corporation, Nigeria National Petroleum Corporation and all other revenue generating agencies listed under the Fiscal Responsibility Act
2007.

The lawmakers took the decision based on a motion moved by Senator Solomon Adeola (Lagos West), entitled, “Urgent Need to Investigate Revenue Generating Agencies over Alleged Leakages, Non-Remittance and Misuse of Generated Revenue.”
The motion was supported by the Deputy Senate President, Senator Ike Ekweremadu; the Deputy Majority Leader, Senator Bala Ibn Na’Allah; the Chief Whip, Senator Sola Adeyeye; and Senator Ahmed Lawan.

President of the Senate, Senator Bukola Saraki, who presided over the plenary, named Olamilekan as the chairman of the probe panel, while senators Andy Uba, Fatima Raji-Rasaki, John Enoh, Yusuf Abubakar Yusuf and Yahaya Abdullahi would serve as members.

Saraki said, “As I keep on hammering, independent revenue and non-oil revenue are very important areas of our budget. This independent revenue is 37 per cent (of the total revenue).

“You remember that last year, it was almost N1.5tn and I am being told now that this year, it is likely to come down to N500bn because they could not meet their target.

“The inability to meet the target is not that they do not have the capacity to meet the target; the problem is that there is too much abuse on these operating surpluses, where people spend up to the last naira in all.

“I think the best way forward is for us to address this issue by blocking these leakages. And I believe that in constituting the ad hoc committee, we would just take the best hands and still bring people from Finance and Public Accounts Committees.”

 

Source: Punch

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Tinubu finally speaks on Lekki shooting, tells Buhari to find culprits

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Tinubu finally speaks on Lekki shooting, tells Buhari to find culprits

Former Governor of Lagos state and the All Progressives Congress (APC) Chieftain, Bola Ahmed Tinubu has commented on the Lekki toll gate shooting that left many dead and several others injured.

The Lagos politician who was interviewed via telephone by a Channels TV reporter, Olu Philips, shared his shock over the shooting and also revealed that he is ready to complain to the highest authorities.

Contrary to people’s predictions, Tinubu however denied ordering the shooting and also stated that he can only control his security guard. He again reiterated that he will never be part of any group that uses live ammunition against protesters.

Insisting that he has always been an activist, the APC Chieftain expressed sympathy for the victims of the incident and advised the federal government to “fish out whoever gave the order (for the shooting) and put them on trial”.

He then recalled how he was falsely accused of being behind #EndSARS protests. Tinubu who noted that he doesn’t believe that Buhari ordered the shooting, appealed for calm over the incident. He also denied having a stake in the Lekki toll gate or suffering a loss due to the continous blockage of the area by #EndSARS protesters.

He said,

“It is early hours of the morning, there’s no way I can talk to the authorities or wake them up now. I have tried to reach the NSA, I have tried to reach the head of the army.

“You don’t call the president at this hour, but I strongly condemn the act. There are other means of settling or dispersing protest. Why would they use live bullets? There are rubber bullets.

“I am not even sure yet they are Nigerian army, I am not sure how well the uniforms of the army are controlled. But that is not as critical as the bloodshed that has occurred.

“We have lost our sleep, we have lost our peace of mind, (and) we just have to deal with it.”

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Buhari Will Come Up With Solutions In Few Hours -Major General Babagana Monguno

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Buhari Will Come Up With Solutions In Few Hours -Major General Babagana Monguno

It has been reported that the National Security, Major General Babagana Monguno (retd), on Thursday said the President Muhammadu Buhari, would come up with solutions to the ongoing violence erupting in parts of the country ”in the next few hours”.

Babagana Monguno Says Buhari Is Coming Up With Solutions

According to Punch, May Babagana did not disclose the solutions, he said they would communicate to parties concerned.

Mongunu revealed this in an interview with State House correspondents at the end of a meeting of the National Security presided over the President.

The NSA also did not disclose whether the President will announce the solutions through a national broadcast.

He said,

“The President himself, I have just left his office, is also going to deal with these issues in a specific manner apart from what has just taken place in council.

I believe in the next couple of hours, Mr President will come up with certain solutions that will be agreeable to the entire federation.”

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Another Warehouse Loaded With COVID-19 Palliative Allegedly Uncovered In Lagos

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Another Warehouse Loaded With COVID-19 Palliative Allegedly Uncovered In Lagos

Lagos State residents have again uncovered another warehouse where COVID-19 palliatives are been stored.

The palliatives discovered on Thursday (today), October 22, were meant for residents of Festac-Okota but were secretly stored in the warehouse.

According to reports, at least four people have died at the warehouse due to the hundreds of people that gathered to cart away the food items which include rice, beans, yams, and others.

However, the individual or group of persons who stored up the food items believed to have been provisioned by the government to share for the masses to cushion the effect of COVID-19 are yet to be known as at the time this report is given.

The angry youths and some old-aged citizens in the area gain entrance into the warehouse with force and do away with food items of their choices.

See video below;

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