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Capital Flight: NOTAP Blocks N7.3bn From Leaving Nigeria
The Director General of National Office for Technology Acquisition and Promotion (NOTAP), Dan Azumi Ibrahim, has said he blocked over N79.3billion from leaving the country through the use of technology transfer pricing guideline by heads of Federal Ministries, Agencies and Departments (MDAs).
Ibrahim, who addressed newsmen in Abuja, yesterday, to explain NOTAP’s efforts in implementing the Federal Government’s Executive Order Number 5, noted that the funds would have gone to other countries.
“Sometimes they may say they needed about 10 per cent when the guideline provided for only a maximum of five per cent. And this five per cent can only be given to complex technologies”, he said.
“Where we see that your technology is not complex, we may insist to do one or two per cent. So, if you had earlier requested for six or seven per cent, now we have given you approval for two per cent, the difference is part of the savings”, he said.
Ibrahim said his agency had secured a COREN Register of Engineering Personnel and Consulting Engineering Firms, adding that NOTAP had generated about 7,000 entities of COREN-registered engineering personnel and consulting firms in 36 states, including the Federal Capital Territory (FCT).
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RSG INAUGURATES ARMED FORCES REMEMBRANCE DAY COMMITTEE
The Rivers State Government has inaugurated a Central Planning Committee to organize the celebration of the 2026 Armed Forces Remembrance Day (AFRD) in the State.
The committee was formally inaugurated by the Secretary to the State Government, Dr. Benibo Anabraba in Port Harcourt, last Thursday.
Dr Anabraba who also serves as Chairman of the Committee
highlighted the State Government’s deep appreciation for the sacrifices of Nigeria’s fallen heroes who laid down their lives for the nation’s peace and unity.
“These heroes have given their lives for the security and peace of our nation and deserve to be celebrated. The Armed Forces Remembrance Day is an opportunity to show our gratitude for their sacrifice,” he said.
Dr. Anabraba further extended recognition to all Security Agencies in the State, emphasizing the importance of the event in appreciating their contributions to national security and sovereignty.
The annual Armed Forces Remembrance Day, observed on January 15 across the country is dedicated to remember Nigeria’s departed soldiers and honouring the nation’s veterans.
