Business
FG Probes MDAs’ Unspent Funds
Attorney-General of the Federation, Jonah Otunla, has written to all commercial banks in the country, asking for the status of the fiscal allocation lodged with them by ministries, departments and agencies (MDAs).
The federal government made this move to ensure that the March 31 deadline for the close of the capital votes in the 2011 budget is met.
The action is anticipated to bring to light MDAs who are not able to implement their capital allocations effectively and prevent them from diverting the unspent funds into personal accounts.
Personnel and overhead not spent were expected to have been returned to the treasury by December 2011 while unspent capital budget has up till March 31, 2012 to either be utilized or returned to the treasury.
The letter, dated February 15, 2012, requested for the bank accounts balances of MDAs in all banks as at 31st December, 2011. “Your submission should state the title of the account, purpose, agency, current balance, status (active or dormant), whether authorised by Office of the Attorney General of the Federation and any other information,” stated Otunla in the letter. “Your response is expected latest by 29th February, 2012.” The federal government had looked forward to N233.79 billion unspent fund from 2011 fiscal year to fund the 2012 budget.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.