Connect with us

News

Fresh Crisis In Bayelsa Over N207bn Debt

Published

on

A staggering sum of N207billion debts left behind by the administration of Chief Timipre Sylva may hurt projects development in Bayelsa, if the reports of the Financial Management Review Committee is anything to go by.

The committee headed by one-time Managing Director of Niger Delta Development Commission (NDDC), Chief Timi Alaibe submitted its report on Monday with the disclosure that the former regime of Timipre Sylva left behind a liability of over N207 billion.

The committee requested the government to recover funds from alleged questionable payments of contracts of N123.18 by the previous government.

Among the alleged questionable payments to the said contractors included, Moreno Construction Company, N10.2billion, Vehicles purchase N2billion, FAK Engineering, N9billion, SENECO N14.28billion and Ratana N2billion.

Chief Alaibe, who disclosed this in Yenagoa when presenting its report to Governor Seriake Dickson, revealed that only N4,500 cash was  in the state treasury when the present government emerged.

The committee recommended that government should tactically reduce the cash flow in the state and review the biometric process of payment of civil servants to expunge “ghosts” on government nominal roll.

He highlighted that N660billion was received during Sylva’s government in the past four and half years, stressing that only N2.89billion was discovered in government bank accounts which cannot be assessed.

The 11-man committee was inaugurated on February 27 by the state governor to investigate the income and expenditure of the last administration.

Alaibe said the N47.18 billion bond collected by Sylva’s government at the capital market was not repaid, as he noted that government would pay back N104.2billion.

The committee recommended that competent hands should be appointed as accountant general of the state and director of treasury to enhance internal control mechanism to provide checks in the treasury department.

Alaibe called for a fresh valuation exercise of all existing contracts in the state before performance certificate is issued to them for payment and also recommended short, medium and long term planning to increase the Internally Generated Revenue(IGR)in the state.

The report also revealed that the former Acting Governor of the state, Nestor Binabo, awarded contract of N1.8billion on February 7, immediately approved payment and the release of the contract funds without the jobs being executed.

To this end, the committee recommended that the contracts should be revoked.

Earlier, Bayelsa State Governor, Seriake Dickson, said the committee report would serve as living document and assured that government will  look at its recommendations and take action where necessary.

Meanwhile,  former Governor of Bayelsa State, Chief Timi Sylva, has said that the outcome of the report of the committee set up by the Bayelsa State Government constituted another means of witch-hunting him.

Sylva said the probe committee, headed by a former Managing Director of the Niger Delta Development Commission, Chief Timi Alaibe, was another obsession with his ghost.

According to a statement by his aide, Doifie Ola, Sylva said the outcome of the probe committee was premeditated.

He said the report never indicted him of any wrongdoing.

The statement by Ola reads in full: “Our attention has been drawn to a committee report administered by Mr. Ndutimi Alaibe in which phoney allegations of grand financial crimes were made against the government of Chief Timipre Sylva.

“Sylva dismisses these allegations as unfounded, and a failed attempt to divert attention from the calamitous political parodies committed in Bayelsa State by these accusers.

“The report of the kangaroo committee is as ridiculous as it is unsurprising to any Nigerian. The composition did not belie its intent as another mock team impulsively set up to deliver a pre-determined judgement. In their continued battle with the ghost of Sylva, those who have installed a puppet administration in Bayelsa State have once again demonstrated their loss of touch with the essence of government and their choice of shadowboxing as state policy.

“To be sure, government is an administrative structure set up to govern human beings with needs. Any normal investigation of government expenditure would try to demonstrate how the financial laws were flouted. The Alaibe committee did not attempt to do this. It simply compiled the incomes that accrued to Bayelsa State within a carefully selected period targeted to smear Sylva, and assumed that there were no needs met in the period.

“The Alaibe report did not demonstrate any flouting of the state’s financial laws and regulations. If anyone had proof of such contravention, they knew where to go. And where to go is not an illegal committee unknown to the laws of Bayelsa State and Nigeria.

“Besides, the allegations thrown up by the power usurpers in Bayelsa State are too weighty to be handled by people with vested political interests in the state and whose track record and history smell of corruption.

The report by the Alaibe committee is at best biased, petty, and heavily tainted. This is yet another manifestation of the constant distress in the camp of those who recently usurped power in Bayelsa State as they live in perpetual fear of Sylva, and guilt of the harsh judgement of democratic humanity.

“As we near a judicial resolution of the manifest political travesty in Bayelsa State, those who believe they should do nothing other than fight the ghost of Sylva should learn to mitigate their desperation, at least, for the decency of what remains of our democracy that they have tried so hard to compromise.”

In the report by the Alaibe committee, presented to the state government on Monday, Sylva was accused of mismanaging the N660.45 billion his government received from the Federation Account from 2007 to 2011.

Sylva was also accused of accumulating almost all the N207 billion liabilities on the state government in terms of debts and frittering the N50 billion bond he received in December 2009 from the capital market without utilising the funds for the capital projects it was meant for.

The Alaibe committee, tagged the Financial Management Review Committee, told the state Governor, Seriake Dickson, that the state under Sylva received N99.5 billion in 2007; N164.7 billion in 2008; N106.3 billion in 2009; N110.6 billion in 2010; and N189.1 billion in 2011.

Alaibe said though government expenditure increased from N165 billion in 2007 to N208 billion in 2010, the chunk of the money was used to finance recurrent expenditure such as personnel, overhead and other contingency costs.

He said the recurrent expenditure maintained steady increase from 48 per cent in 2007 to 80 per cent in 2010 and 2011, observing that there was 48 per cent decline in capital expenditure within the period under review.

Alaibe added: “This accounted for the absence of funds for the implementation of capital projects. In the same period, recurrent expenditure had increased to 123 per cent from 2007 to 2010. In contrast, there was 48 per cent drop in capital expenditure during the same period.”

The report said most of the spending was without supporting documents, noting that security and ‘Government House emergency expenses subheads were used as a conduit to move the cash.

It further alleged that apart from the conventional security votes contained in the recurrent expenditure, the immediate past administration claimed to have spent on security N3.3 billion in 2010, N10.3 billion in 2011 and N3.87 billion in January and February 2012.

Sylva allegedly withdrew N1.6 billion in 2010, N7.4 billion in 2011 and N155 million in January and February 2012 from the treasury under the subhead: Government House Emergency Expenses.

Alaibe said in the report: “These payments were in spite of the regular monthly security payment made out of recurrent expenditure amounting to N3.19 billion in 2010; 7 billion in 2011 and N890 million for January and February 2012. Clearly these payments are abnormal payments.  They are frivolous and in fact fraudulent.”

Dickson vowed to implement the recommendations of the committee as he lamented the collapse of institutions and processes in the past administration, adding: “It is difficult to believe that this kind of thing happened amidst poverty and so many challenges.  “Never again will the state return to the time when all institutions and processes vanished.”

Continue Reading

News

China Alerts Rivers, A’Ibom, Abia Govs To Economic Triangle

Published

on

The Mayor of Housing, My-ACE China, has alerted the Governor of Rivers, Akwa Ibom, and Abia states to what he calls an emerging ‘Economic Triangle’ within their states.

Mr China, a real estate success strategist who has won numerous local and international awards, has thus drawn the attention of the governors of the concerned states to the emerging development and has urged them to intentionally accelerate the emergence of the economic triangle.

Speaking to newsmen in Uyo, Akwa Ibom State capital at the conclusion of his business trip to the state, Mr China, who is the managing director of the Housing and Construction Mayor Limited, said the envisaged economic corridor would compete favourably with the Lagos economic hub or even better.

He said: “Talking about ‘Economic Triangle’, the only place that can wrest economic power from Lagos is Akwa Ibom, Abia, and Rivers states axis or corridor. This corridor contains more than Lagos has, if they can be interconnected with smooth roads, ports, and if their blue potentials are unlocked. They will not only wrest power from Lagos but would be more lucrative.”

The investor who is behind the emerging Alesa Highlands Green Smart City in Eleme, near Port Harcourt, said the new ‘Economic Triangle’ has a bigger potential due to massive land assets with the corridor plus blue economy and the existing hydrocarbon industry.

Explaining, Mayor of Housing said Aba (Abia State) provides the biggest fabrication capacity in West Africa to supply goods to the Gulf of Guinea; Port Harcourt provides access to the Gulf of Guinea for off-taking Aba products, and the Uyo provides deep sea port at Ibaka and international airport facilities as well as forest reserves for massive agro-economy.

He said with sea ports in Rivers State and deep seaport in Akwa Ibom, and international airports in Rivers and Akwa Ibom, Aba can focus on adequate power supply and fabrication boom to supply a new booming market around the economic triangle.

By doing this, he said, jobs would spill out in huge quantities and more manufacturers would be drawn from all over Africa to boost the fast coming African Continental Free Trade Agreement (AfCFTA). He said Nigeria would thus have two major trade nodes in West Africa; Lagos and the PH/UYO/Aba triangle.

 

He said goods going to or coming from Chad, Niger, and the rest of Central Africa can head to the Lagos ports or to the Ibaka/PH ports zone in the new economic triangle.

He said with power supply made stable, good roads, excellent security system, and ease of doing business enthroned in the zone, the South-South and South East would become the biggest economic nerve in the near future.

Mayor of Housing called on governors of the three states to be intentional about the new corridor, put away political differences (if any), and create this corridor by agreeing on projects each state would execute with a short period of time so the states would be linked by good roads, communication, security, trade laws, concessions to investors, etc.

He remarked that northerners were already heading to the Onne Port in Rivers State to export goods, saying creating a commission to oversee the development of the ‘Economic Triangle’ would fast-track its emergence.

He observed that people of the three states are peaceful and usually preoccupied with zeal for economic prosperity, saying that if they are linked to such huge opportunities staring at them in the emerging economic triangle, they would totally shun violence and focus on prosperity.

Mr China insisted that the emerging economic triangle would form a big node not only into the Gulf of Guinea economic zone but into Africa because AfCFTA is about production, certification, market availability, and easy transport nodes by sea and air. He said the new economic triangle boasts of all the factors.

“They can only realise this by working together, through collaboration. One state cannot do it but a triangle of the three will create it through seamless interconnection, ports, industrial park, etc. The people will be the richest and internally generated revenue (IGR) will be the biggest in the country,” he said.

 

Continue Reading

News

Tinubu Nominates Ex-INEC Chair Yakubu, Fani-Kayode, Omokri, 29 Others As Ambassadors

Published

on

President Bola Tinubu has sent the names of 32 ambassadorial nominees to the Senate for confirmation, days after he sent the first batch of three names.

Among them are the immediate past chairman of the Independent National Electoral Commission, Mahmud Yakubu, an aide to former President Goodluck Jonathan, Reno Omokri (Delta), and former Enugu State Governor, Ifeanyi Ugwuanyi, among others.

“In two separate letters to the Senate President, Godswill Akpabio, President Tinubu asked the Senate to consider and confirm expeditiously 15 nominees as career ambassadors and 17 nominees as non-career ambassadors,” read a statement on Saturday by the Special Adviser to the President on Information and Strategy, Bayo Onanuga.

In the statement titled, ‘Tinubu nominates 32 additional ambassadors,’ Onanuga noted, “There are four women on the career ambassadors’ list and six women on the non-career ambassadors’ list.”

“Among the non-career ambassador designates are Ogbonnaya Kalu from Abia, a former presidential aide, Reno Omokri (Delta), former chairman of the Independent National Electoral Commission (INEC), Mahmud Yakubu, former Ekiti first lady, Erelu Adebayo, and former Enugu governor, Ifeanyi Ugwuanyi.

“Others are Tasiu Musa Maigari, the former speaker of the Katsina House of Assembly, Yakubu N. Gambo, a former Commissioner in Plateau State and former Deputy Executive Secretary of the Universal Basic Education Commission.

“Professor Nora Ladi Daduut, a former senator from Plateau; Otunba Femi Pedro, a former Deputy Governor of Lagos State; Femi Fani-Kayode, a former aviation minister from Osun State; and Nkechi Ufochukwu from Anambra State are on the nomination list,” the statement read.

Also on the list are former First Lady of Oyo, Fatima Florence Ajimobi, former Lagos Commissioner, Lola Akande, former Adamawa Senator, Grace Bent, former governor of Abia, Victor Okezie Ikpeazu, Senator Jimoh Ibrahim, businessman, lawyer and Senator from Ondo State, and the former ambassador of Nigeria to the Holy See, Ambassador Paul Oga Adikwu from Benue State.

Among the nominees for career ambassador and high commissioner-designates are: Enebechi Monica Okwuchukwu (Abia), Yakubu Nyaku Danladi (Taraba), Miamuna Ibrahim Besto (Adamawa), Musa Musa Abubakar (Kebbi), Syndoph Paebi Endoni (Bayelsa), Chima Geoffrey Lioma David (Ebonyi) and Mopelola Adeola-Ibrahim (Ogun).

The other nominees are Abimbola Samuel Reuben (Ondo), Yvonne Ehinosen Odumah(Edo), Hamza Mohammed Salau (Niger), Ambassador Shehu Barde (Katsina), Ambassador Ahmed Mohammed Monguno (Borno), Ambassador Muhammad Saidu Dahiru (Kaduna), Ambassador Olatunji Ahmed Sulu Gambari (Kwara) and Ambassador Wahab Adekola Akande (Osun).

“The new nominees are expected to be posted to countries with which Nigeria maintains excellent and strategic bilateral relations, such as China, India, South Korea, Canada, Mexico, the United Arab Emirates, Qatar, South Africa, Kenya, and to Permanent Missions such as the United Nations, UNESCO, and the African Union.

“All the nominees will know their diplomatic assignments after their confirmation by the Senate,” it read.

Last week, Tinubu sent three ambassadorial nominees for screening and confirmation.

The nominees were Ambassador Ayodele Oke (Oyo), Ambassador Amin Mohammed Dalhatu (Jigawa), and Retired Colonel Lateef Kayode Are (Ogun).

All three are in the pot for posting to the UK, USA, or France after their confirmation.

“More nominees for ambassadorial positions will be announced soon,” Onanuga revealed.

 

Continue Reading

News

Investment In Education Remains Top Priority For Gov Fubara – SSG

Published

on

The Secretary to Rivers State Government, Dr. Benibo Anabraba, has reiterated that the administration of Governor Siminalayi Fubara remains committed to improving access to quality education at all levels.

Dr. Anabraba gave the assurance while receiving the Deputy Registrar/Zonal Coordinator of the West African Examinations Council (WAEC), Mr Ayanfemi Adeniran-Amusan in Port Harcourt during a courtesy visit.

He emphasised that Governor Fubara remains resolute in sustaining investment in the education sector to improve the quality of teaching and learning.

According to him, “We appreciate the work you are doing and know that our students are amongst the highest in ranking.

“His Excellency, Sir Siminalayi Fubara, takes education very seriously. He is sponsoring the free registration of students for the West African Senior School Certificate Examination (WASSCE) in Government Schools.

“Also, Governor Fubara has approved the establishment of Computer-Based Test (CBT) Centres across the State’s three senatorial districts and the 23 LGAs. The project is intended to improve access to digital learning and examination facilities for students so that our children are at breast with digital literacy, a prerequisite for today’s students.

“We are currently working assiduously to get those centres, both mega and mini, across the three senatorial districts and the 23 local government ready in order to meet up with your deadline,” he said.

The SSG also conveyed the assurances of the Governor to WAEC on Government’s willingness in providing land for its Zonal Office.

Earlier, the Deputy Registrar/Zonal Coordinator of the West African Examination Council, Mr Ayanfemi Adeniran-Amusan, promised to collaborate with the State Government in matters concerning education development.

In another development, the Secretary to State Government, Dr Benibo Anabraba, also met with officials of the National Agency for the Prohibition of Trafficking in Persons, NAPTIP, led by the Assistant Director of Intelligence, Rivers State Command, Barr. Ikediashi Nwamaka.

The SSG while appreciating the Agency for its effort in the protection of vulnerable persons, also raised Government’s concern on the activities of orphanages and care homes in unwholesome practices such as child trafficking, abuse of underaged girls also known as baby-factory, and the lack of regulations on surrogacy.

He however assured that the Rivers State Government has already put plans in place towards legislation to regulate these acts against vulnerable persons, particularly women and children.

 

Continue Reading

Trending