Audit

This is just as the committee, chaired by Senator Mathew Uhroghide, also uncovered how the Nigerian National Petroleum Corporation (NNPC) allegedly spent N966 billion to repair pipeline between 2010 and 2015, as contained in the report of query by the Auditor General of the Federation (AuGF) over alleged unremitted N4 trillion by NNPC into the Federation Account.

In 2008 the research topic for my 2nd Masters programme was titled “International Small Arms Regime And The State:” The focus was on Africa and Nigeria.

Stakeholders in the oil and gas industry, Thursday demanded a raise of the oil operating expenditure from 2.5 per cent to 10 per cent for host communities in the new petroleum industry bill (PIB).

The office of the Auditor-General for the Federation (AuGF) has expressed concerns over irregularities and weaknesses in financial regulations across ministries, departments and agencies (MDAs) of government, especially in the disbursement and utilisation of public funds.

Senate President, Ahmad Lawan, has assured that efforts would be intensified to secure all parts of the country within the next two months.

The leadership of the National Assembly on Monday gave an assurance that it will approve extra-budgetary request of the Executive for the security agencies to wage a total war on the rising level of insecurity in the country.

In the past few years, the Independent Corrupt Practices and Other-Related Offences Commission, as part of its statutory mandate, has been conducting systems study and review of ministries and organisations in the federal public service.

An investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on Wednesday said it has uncovered deep-seated corruption bordering on budget manipulation by various Ministries, Departments and Agencies (MDAs).

The Senate has confirmed the appointment of Mr. Adolphus Aghughu as the Auditor-General of the Federation (AuGF).

The Lekki Concession Company, LCC, has explained why that it barred forensic experts hired by the Lagos Judicial Panel of Inquiry from accessing its systems as some members of the panel had alleged when stating their opposition to the company’s reopening of Lekki tollgate.

The Lekki Concession Company (LCC) has again appealed for the understanding of aggrieved youths who are bent on preventing the company from commencing the evaluation of the extent of the damage done to its assets on the night of Tuesday, October 20, 2020, citing the subsisting bank debts and the fate of its over 500 workers as compelling reasons the process ought to begin now.

The Lekki Concession Company (LCC) said the company needs to reopen the Lekki Tollgate to be able to retain its staff and pay pending debts.

The Lekki Concession Company (LCC) on Monday said it owes local and foreign lenders N11.6 billion and $31.1 million respectively.

Recent safety protocols enforced by many countries across the world, particularly those instituted by both the Nigerian and its United Arab Emirates counterpart by way of flight restrictions, are affecting both nations’ carriers economically.

Clapper CEO Edison Chen said on Thursday that the company will permanently ban QAnon-related content going forward. As of publication, Chen said Clapper has removed over 400 videos and 20 accounts for spreading QAnon or anti-vax misinformation and has increased its number of content auditors from around a dozen to 20. It will take Clapper up to 10 days to complete a full audit of its over 1 million videos, Chen said.

The House of Representatives has stated its resolve to investigate alleged financial mismanagement in the Nigerian National Petroleum Corporation (NNPC) and 17 other subsidiary agencies.

The House of Representatives Committee on Public Accounts yesterday expressed dismay over the failure of the Federal Mortgage Bank of Nigeria (FMBN) and Tertiary Education Trust Fund (TETFUND) to audit their accounts for five years, describing it as worrisome and gross violation of the 1999 Constitution (as amended).

President Muhammadu Buhari has nominated Adolphus Aghughu for appointment as the Auditor-General of the Federation pursuant to Section 86(1) of the Constitution of the Federal Republic of Nigeria (as amended).

Due process advocates, the Transparency, Accountability, Equity, and Unity Network have urged President Mohammadu Buhari to cancel the perceived resumption of secret employment in the Niger Delta Development Commission (NDDC) against due process.

Youths and agitators in Niger-Delta have kicked against the seven-day ultimatum by the Movement for the Emancipation of Niger-Delta, MEND, to the Minister of Niger Delta Affairs, Senator Godwill Akpabio and Niger Delta Development Commission, NDDC, over the issuance of deployment letter to youths employed by the interventionist agency.

Ms Ankio Briggs, an environmental and human rights activist operating in the Niger Delta region has called for attitudinal change toward the running of Niger Delta Development Commission (NDDC).

A court on Thursday convicted Angelo Caloia, a former head of the Vatican bank, on charges of embezzlement and money laundering, making him the highest ranking Vatican official to be convicted of a financial crime.