NLNG Corporate Respect banner First bank FinTech summit Fidelity bank card banner Emerald Energy Institute Camano banner

15 revenue-generating agencies fail to account for N8.1tr

By News Express on 22/05/2018

Gmail icon

Views: 800


 

The Minister of Information and Culture, Alhaji Lai Mohammed, has said 15 revenue generating agencies of the federal government failed to remit N8.1 trillion to the Federation Account between 2010 and 2015.

The Minister made the disclosure in Osogbo, Osun State, on Monday while commissioning the Channelization, De-silting, Flood Control and Development of Okoko and Ogbagba Rivers, phases one and two, on behalf of President Muhammadu Buhari.

He said the discovery by the auditing firm KPMG is many times worse than the N1.34 trillion carted away by 55 public officials between 2006 and 2013.

“Recently, the Federal Government ordered an audit (between 2010 and 2015) of 15 government revenue generating agencies. The result was the discovery that the agencies had not remitted over 8.1 trillion Naira to the Federation Account. This amount is about six times the 1.34 trillion Naira that was stolen between 2006 and 2015.

“It is also the equivalent, on the average, of the country’s yearly national budget! Imagine, for a moment, how many kilometres of roads could have been constructed, how many kilometres of rail tracks that could have been laid, and how many modern hospitals and schools that could have been built if that money had been properly accounted for,” Alhaji Mohammed said.

He told the mammoth crowd at the commissioning that the Buhari Administration’s fight against corruption remains very critical because it will free the much-needed resources for national development.

The Minister said the projects being executed by the present administration, including the one that was commissioned in Osogbo – one of 53 being commissioned across the country – could have long been completed but for the mind-boggling looting of the treasury by previous administrations, which deprived the nation of infrastructural growth

He said that every kobo that is not looted is a plus for development, adding: '”This is why we will not stop talking about those who have looted the public treasury, despite the pushback from their apologists. If we do not stop the looting of the treasury, there will be no money for the kind of projects we are commissioning here in Osogbo today.”

Governor Rauf Aregbesola of the State of Osun corroborated the Minister’s disclosure that 8.1 trillion Naira was unaccounted for by 15 revenue generating agencies, saying the share of his state from the said amount is 75 billion Naira which, he said, would have been more than enough to pay all civil servants their salaries and complete all infrastructural projects of the government.

Speaking on the commissioned project, the Minister said this is the first time the Ecological Fund Office is ever commissioning any project and handing it over to the host community.

He said the triple project, which was one of the twelve 4th Quarter, 2016 ecological intervention projects across the six geo-political zones approved by the President in October 2016, was due to the perennial flooding which had claimed lives and destroyed property in Osogbo Township.

“I have no doubt in my mind that the successful completion of these projects would enhance the holistic solutions to soil erosion and flood menace in Osogbo Town. This would at the same time reduce the danger to lives and property associated with erosion and persistent flooding that has been experienced here in the recent time,” Alhaji Mohammed said.

•Photo shows, from right; Minister of Information and Culture, Alhaji Lai Mohammed; Governor Rauf Aregbesola of Osun State and Mrs. Titilaoyi Tomori, the Deputy Governor of Osun State when the minister commissioned the Channelization, De-silting, Flood Control and Development of Okoko and Ogbagba Rivers, phases one and two, on behalf of President Muhammadu Buhari in Osogbo on Monday.

Source News Express

Posted 22/05/2018 05:16:40 AM

 

 

CLASSIFIED ADS

 

You may also like...
Do you have a memo for the National...

Southern president in 2023 an illusion: Babatope

85 students emerge with First Class at FUTA...

Saraki appoints Okupe Chair of Campaign Media Council...

Tiwa Savage begins search for another husband

Lagos State releases N784m for pension payments

Metuh’s counsel calls for arrest of DSS boss...

Buhari warns against bribery and extortion during police...

Massacre: Obasanjo pays solidarity visit to Benue, charges...

One killed, six injured in auto crash in...

Battered, Bruised and Broken

DFID organises workshop to promote good governance, delivery...

 

Latest News Senate uncovers secret recruitment by MDAs 86-year-old arrested in connection with 40-year-old murder case Recruitment scandal and dishonourable Senators 40 suspected robbers, kidnappers, rapists arrested in Delta Umahi distributes 68 SUVs to aides Anti-terror war: N100bn Army budget too small — NASS Neighbouring countries becoming hostile to Nigerians over border closure — Customs Agents AfDB President to train young African farmers with $1.1 prize money Hospital offers free treatment to 100 Polio victims Kogi students demand bursary payment before governorship poll HURIWA condemns clampdown on investigative journalists by govt NFIU seeks to enjoy same salary scale with CBN

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (552,915 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (448,118 views) Shameless Genevieve Nnaji exposes breasts in public (395,946 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (331,301 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (299,685 views) 10 cars more expensive than Jets (266,980 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (256,479 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (253,900 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (235,443 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (221,615 views) Lagos plane crash: Journalist releases victims’ names (198,981 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (196,119 views)

 

CBN milk production

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (105) Business & Economy (4,508) Business Verdict (85) Columnists (1,132) Complaints & Requests (97) Enterprise & Opportunities (218) Entertainment (693) Features (838) Global Business Monitor (475) ICT Monitor (66) International (4,108) Interview (205) Live Commentary (30) Love Matters (174) Maggie's Blog (456) News (53,000) Opinion (1,402) Pidgin (17) Politics (11,595) Religion (1,112) Sports (2,198) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera