News
60 MDAs Indicted Over N4trn Non-Remittance
The Auditor
General of the Federation (AGoF) in its report, has disclosed a short-changed
of the nation to the tune of over N4 trillion over a seven-year period by
various ministries, departments and agencies (MDAs).
A 399-page audit , 93 out of 108 MDAs
failed to disclose the nature of accounts with closing balances totalling
N422,374,981,449.18 in 2009 fiscal year, while the sum of N22,941,514,567,
being “cash held from external loans,” had no comparative figure.
The AGF, Mr Samuel Ukura, signed the
399-page audit report, which covers the accounts of the Federal Government for
2009 and detailed how the Consolidated Revenue Account recorded a shortfall sum
of N254, 157,683,917.45; shortfall of N267, 674,270,493.54 in the external loan
out of N582, 621,480,000 obtained by Fund Departments and $200 million transfer
from JP Morgan, which was omitted from the Consolidated Account as of August
13, 2009.
According to the report, the sum of
N214,826,243,694 accrued into sinking fund, interest due on floatation of
bonds, among others were unknown, while N524,372,523,275.79 extracted balances
on capital accounts of 185 MDAs had not been remitted into the Consolidated
Revenue Fund.
The report also showed that the sum of
N109,449,999,997 was paid from Consolidate revenue Fund accounts into
retirement benefit bond redemption fund from 2006 to 2009 without evidence of
investments, as provided in Section 29(1) of the 2004 Pension Reform Act, which
requires the Central Bank of Nigeria (CBN) to estab-lish, invest and manage the
fund.
Another issue raised by the report was
the non-repayment of sum of N306,538,058,709.32, out of which N149,965,780,369
loans and cumulative interests for 2009 fiscal year owed by 18 MDAs to various
companies; N7,291,336,930.09 principal loans and N1,096,183,863 cumulative
interests owed by Federal Housing Authority (FHA) since 2002.
The Public Accounts Committee (PAC),
Chairman Hon. Solomon Adeola disclosed that the committee would soon lay the 1,
200-page report on the investigation of the 2003-2009 AGF’s report before the
House.
The PAC is equally probing the
operation of the Liquefied Natural Gas (LNG). The committee disclosed that LNG
has not remitted revenue into government coffers for seven years.
He said: “On the issue of LNG, you will
agree that the only thing that constitutes revenue today aside taxes is oil.
There is nowhere in the budget where it is stated that revenue from gas.
News
FG Ends Passport Production At Multiple Centres After 62 Years

The Nigeria Immigration Service has officially ended passport production at multiple centres, transitioning to a single, centralised system for the first time in 62 years.
Minister of Interior, Dr Olubunmi Tunji-Ojo, disclosed this yesterday while inspecting Nigeria’s new Centralised Passport Personalisation Centre at the NIS Headquarters in Abuja.
He stated that since the establishment of NIS in 1963, Nigeria had never operated a central passport production centre, until now, marking a major reform milestone.
“The project is 100 per cent ready. Nigeria can now be more productive and efficient in delivering passport services,” Tunji-Ojo said.
He explained that old machines could only produce 250 to 300 passports daily, but the new system had a capacity of 4,500 to 5,000 passports every day.
“With this, NIS can now meet daily demands within just four to five hours of operation,” he added, describing it as a game-changer for passport processing in Nigeria.
“We promised two-week delivery, and we’re now pushing for one week.
“Automation and optimisation are crucial for keeping this promise to Nigerians,” the minister said.
He noted that centralisation, in line with global standards, would improve uniformity and enhance the overall integrity of Nigerian travel documents worldwide.
Tunji-Ojo described the development as a step toward bringing services closer to Nigerians while driving a culture of efficiency and total passport system reform.
He said the centralised production system aligned with President Bola Tinubu’s reform agenda, boosting NIS capacity and changing the narrative for better service delivery.
News
FAAC Disburses N2.225trn For August, Highest In Nigeria

The Federation Account Allocation Committee (FAAC) has disbursed N2.225 trillion as federation revenue for the month of August 2025, the highest ever allocation to the three tiers of government and other statutory recipients.
This marks the second consecutive month that FAAC disbursements have crossed the N2 trillion mark.
The revenue, shared at the August 2025 FAAC meeting in Abuja, was buoyed by increases in oil and gas royalty, value-added tax (VAT), and common external tariff (CET) levies, according to a communiqué issued at the end of the meeting.
Out of the N2.225 trillion total distributable revenue, FAAC said N1,478.593 trillion came from statutory revenue, N672.903 billion from VAT, N32.338 billion from the Electronic Money Transfer Levy (EMTL), and N41.284 billion from Exchange Difference.
The communiqué revealed that gross federation revenue for the month stood at N3.635 trillion. From this amount, N124.839 billion was deducted as cost of collection, while N1,285.845 trillion was set aside for transfers, interventions, refunds, and savings.
From the statutory revenue of N1.478 trillion, the Federal Government received N684.462 billion, State Governments received N347.168 billion, and Local Government Councils received N267.652 billion. A further N179.311 billion (13 per cent of mineral revenue) went to oil-producing states as derivation revenue.
From the distributable VAT revenue of N672.903 billion, the Federal Government received N100.935 billion, the states received N336.452 billion, while the local governments got N235.516 billion.
Of the N32.338 billion shared from EMTL, the Federal Government received N4.851 billion, the States received N16.169 billion, and the Local Governments received N11.318 billion.
From the N41.284 billion exchange difference, the Federal Government received N19.799 billion, the states received N10.042 billion, and the local governments received N7.742 billion, while N3.701 billion (13 per cent of mineral revenue) was shared to the oil-producing states as derivation.
News
KenPoly Governing Council Decries Inadequate Power Supply, Poor Infrastructure On Campus
The Governing Council of Kenule Beeson Saro-Wiwa Polytechnic, Bori, has decried the inadequate power supply and poor state of infrastructural facilities and equipment at the institution.
The Council also appealed to the government, including Non-Governmental Organisations, agencies, as well as well-meaning Rivers people to intervene to restore and sustain the laudable gesture, dreams and aspirations of the founding fathers of the polytechnic.
The Chairman of the newly inaugurated Council, Professor Friday B. Sigalo, made this appeal during a tour of facilities at the Polytechnic, recently.
Accompanied by members of the team, Prof Sigalo emphasised the position of technology, technical and vocational education in sustainable development.
He noted that with the prospects on ground, and the programmes and activities undertaken in the polytechnic, there is no doubt that the institution would add values to the educational system in our society and foster the desired development, if the existing challenges are jointly tackled.
This was contained in a statement signed by Deputy Registrar, Public Relations, Kenpoly, Innocent Ogbonda-Nwanwu, and made available to The Tide in Port Harcourt.
The chairman who restated the intention of his team of technocrats to ensure that KenPoly enjoys desirable face-lift, said the Council would deliver on its core mandates, accordingly.
Earlier, the Rector, KenPoly Engr. Dr. Ledum S. Gwarah, commended the appointment of Professor Friday B. Sigalo as Chairman of the KenPoly Governing Council.
He described him and his team as seasoned technocrats and expressed confidence in their ability to succeed.
The Rector pledged the management’s support to the Council to ensure that KenPoly resumes its rightful place in the comity of polytechnics in the country.
Facilities visited by the Governing Council include KenPoly workshops, laboratories, skills acquisition centre, library, hostels and medical centre.
Chinedu Wosu
-
Sports1 day ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports1 day ago
CAFCL : Rivers United Arrives DR Congo
-
Sports1 day ago
NNL abolishes playoffs for NPFL promotion
-
Sports1 day ago
NPFL club name Iorfa new GM
-
Sports1 day ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports1 day ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports1 day ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Sports1 day ago
RSG Pledges To Develop Baseball