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FG To Tackle Issues Of e-Payment System

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The Accountant-General of the Federation, Alhaji Ibrahim Dankwambo, said in Abuja on Monday that government would tackle issues that affected effective and efficient implementation of e-payment system.

The News Agency of Nigeria (NAN) reports that the Federal Government introduced the e-payment system in January 1, 2009.

Dankwambo gave the assurance at a two-day training workshop on e-payment with the theme “e-Payment System and Public Financing Management Reporting System as Tool for Achieving Transparency in Government’’.

“Generally some of the problems which include delay in payment and customers getting value for services rendered are mainly human challenges.

“We are still battling with the human aspect of e-payment; there are still people who are not yet at home with the e-payment system.

“We will continue to dialogue with this people, we will continue to perfect the e-payment system to make it acceptable.

“We will also continue to train and retrain people and personnel who are working in the cause of implementing e-payment system so that the implementation will be smooth, challenges and the human factor minimised,” he said.

He added that issues of national network where everybody would hook up for the purpose of clearing and processing transaction was still on the platform.

This, he said, when finished by the end of 2010 would help eliminate some of the major challenges and enhance the e-payment system.

He said the main objective of organising the Forum was to broaden knowledge on the tools that could effectively be deployed to achieve transparency in government.

According to him, implementation of e-payment brought elimination of use of cash to facilitate speedy payments for all transaction, fast tracking the implementation of government policies through the elimination of delays in government payment system.

“Enhance transparency and accountability in payment system, achievement of economy and efficiency in government financial transactions among others,’’ he said.

Dankwambo noted that all Ministries, Departments and Agencies in the Federal Government had fully adopted the e-payment system.

In his keynote address, Mr Achi Achinuvu, Permanent Secretary, Ministry of Finance, said that considerable progress had been made over one year in realising the objectives that formed the basis for adopting e-payment.

“Such objectives include the elimination of unacceptable delays in the payment of contractors, Federal Inland Revenue Service (FIRS) and staff claims, interaction between contractors and government officials thus eliminating corrupt tendencies.

“It has fast tracked the process of implementation of government activities and removal of unnecessary bottleneck and ensured that audit trails of all payment can easily be traced to relevant accounts of individuals or companies that operate them,’’ he said.

He noted that there was need for accounting personnel in the public sector to brace to the international standard of financial reporting as it would enhance transparency in government.

He added that the Federal Government had planned Integrated Financial management Information System (GIFMIS) as steps to ensure accountability in government

“GIFMIS planned to take off in 2011, involves the computerisation of public financial management process, from budget preparation and execution to accounting and reporting with the help of an integrated system for financial management of line ministries, spending agencies and other public sector operation,’’ he said.

He tasked stakeholders to make meaningful contribution to enable the forum come out with issues that would help government achieve its goal of transparency, probity and accountability.

The Forum was organised Accountant –Generals of Nigeria in collaboration with the office of the Accountant-General of the Federation and the World Bank.

Participant were Accounting Officers drawn from federal, state and local government areas across the country.

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Pipeline Explosion In Abua Odua, LGA Chair Calls For Calm

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Fresh explosions have hit oil and gas pipelines in Odau Community, in Abua/Odual Local Government Area of Rivers State, triggering a major security and  environmental crisis that has forced residents to abandon their homes.
The first incident occurred  along the Kolo Creek – Rumuekpe crude oil pipelines, operated by Renaissance Africa Energy Company Limited.
This was followed by a gas pipeline explosion on the Ogboinbiri – Obirikom Gas Pipeline, operated by Oando Plc, in the same week.
In a statement by the Abua/Odual Council Chairman, Hon. Owolobi Michael Ofori said  the blasts, suspected to be the handiwork of militants, have unleashed persistent gas leakage in the area, raising fears of fire outbreaks and toxic exposure as residents of Odau have largely deserted the community due to the dangerous situation.
According to him, some residents of the area have been hospitalised after inhaling the leaking gas, adding that the impact has spread to neighbouring communities, including Obedum, Emirikpoko, and Anyu in Abua/Odual LGA, as well as Oruma and Ibelebiri in Bayelsa State.
Hon. Ofori expressed deep concern over the plight of the affected residents and urged the operating companies to act swiftly.
The Council expressed its deepest sympathy to all affected persons and communities and remained gravely concerned about the safety, health, and welfare of residents whose lives and livelihoods have been disrupted by these incidents.
“We call on Renaissance Africa Energy Company Limited and Oando Plc to immediately deploy all necessary technical and emergency response resources to contain the fires, halt the gas leakage, secure the affected pipeline corridors, and mitigate further environmental and public health risks.” the Council Chairman Said.
The chairman also appealed to the two oil firms to provide immediate humanitarian assistance and relief materials to the displaced residents while work continues to restore normalcy.
The Council Chairman said he is working closely with security agencies and emergency responders to monitor the situation and coordinate necessary interventions.
The Council Boss advised Residents of the Local Government Area to remain calm, cooperate with authorities, and adhere strictly to safety directives.
Ofori further called on the National Emergency Management Agency (NEMA), the National Oil Spill Detection and Response Agency (NOSDRA), the Rivers State Government, and other relevant bodies to intervene urgently to prevent  loss of lives and environmental damage.
Hon. Ofori assured that the council remains committed to the protection and welfare of its people and will continue to engage all stakeholders to resolve the crisis.
Enoch Epelle
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Fidelity Bank Collaborates YEIDEP To Empower Nigerian Students

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Fidelity Bank Plc has reaffirmed its commitment to youth empowerment, financial inclusion and entrepreneurship through a strategic partnership with the Youth Economic Intervention and De-radicalization Programme (YEIDEP), a Federal Government-backed initiative aimed at equipping young Nigerians with the skills, support and opportunities needed to build sustainable livelihoods.
Under the partnership, the bank will support the enrolment of students and young people into the YEIDEP programme, which is designed to tackle youth unemployment, promote enterprise development and expand economic participation among Nigeria’s growing youth population.
The next phase of the initiative is scheduled to end today at Nnamdi Azikiwe University, Awka, where the enrolment exercise for students and youths across the South-East that started since July 1st would be concluded at the university’s Convocation Arena.
The exercise is expected to reach more than 60,000 regular undergraduate students.
Speaking on the partnership, Fidelity Bank’s Divisional Head, Product Development, Osita Ede, said youth empowerment remains central to the bank’s vision of building a more inclusive and prosperous society.
He noted that Nigeria’s youths represent the country’s greatest asset and stressed that providing them with the right skills, opportunities and financial support is critical to unlocking their potential and driving national development.
According to Ede, the bank continues to provide young Nigerians with tools for success through its digital banking platforms, financial literacy initiatives, youth-focused products and strategic partnerships.
He added that Fidelity Bank recognises that limited access to funding, mentorship and business development support remains a major challenge for many aspiring entrepreneurs, and is committed to creating pathways that will help them overcome these barriers.
The bank said its support for YEIDEP aligns with its longstanding commitment to empowering Micro, Small and Medium Enterprises (MSMEs), which it described as key drivers of economic growth and job creation in Nigeria.
Interested students and youths have been encouraged to open Fidelity Bank accounts and register for the programme through the bank’s dedicated online portal.
Nkpemenyie Mcdominic, Lagos
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