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Buhari Probes N165.32bn Unremitted Operating Surplus by NPA

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The President, Muhammadu Buhari , is probing alleged non-remittance of about N165bn operating surplus to the Consolidated Revenue Fund by the Nigerian Ports Authority.

There are indications that the development may not be unconnected to the recent suspension of the Managing Director of the agency, Hadiza Bala-Usman.

Documents sighted on Friday showed that the government figured out discrepancies in the remittance of operating surpluses by the NPA to the Consolidated Revenue Fund for two consecutive years under the leadership of Bala-Usman.

Findings indicated that a total of about N73.61bn (N56.3bn in 2017 and N17.31bn in 2018) realised within the two-year period was not remitted to the CRF as expected by the government, although the suspended NPA boss provided explanations to the contrary.

Also, the Federal Ministry of Transportation in a May 4, 2021 letter to the President claimed that the NPA failed to remit N165.32bn to the CRF from 2016 to 2020 and called for an investigation and audit of the financial accounts of the authority

But in a letter, with reference MD/17/MF/VOL-XX/541, dated May 5, 2021 and addressed to the Chief of Staff to the President, Bala-Usman said the NPA was aware of Buhari’s approval for the Federal Ministry of Transportation to conduct an audit of the accounts of the NPA and its remittances to the CRF.

The letter was entitled, “Re: Request for the record of remittance of operating surplus to the Consolidated Revenue Funds account by the Nigerian Ports Authority.”

In the letter, she explained that the audited financial statements of the NPA provided operating surpluses in 2017 and 2018 that were contrary to what were arrived at by the Office of the Chief of Staff to the President.

The letter read in part, “Audited financial statements of the authority for the period 2017 and 2018 provides operating surpluses of N76.782bn and N71.480bn for 2017 and 2018 respectively as contrary to the sums of N133.084bn and N88.79bn arrived at by your office from the budgetary submission.”

The letter stated that the presidential approval for the audit of the NPA accounts arose from a correspondence between the Budget Office of the Federation and the Federal Ministry of Transportation where the budget office conveyed to the FMoT an observed shortfall of the authority’s remittances to the CFR.

Bala-Usman said, “We wish to state that the authority’s basis for arriving at the operating surplus on which basis the amount due for remittance to the CFR is guided by the Fiscal Responsibility Act 2007 as amended.

“It is further based on the statutory mandate Part 1, S.3(1) (b) &(d) whereby the FRC issued a template for the computation of operating surplus for the purpose of calculating amount due for remittance to the CRF.

“Accordingly, the figures so provided by the Budget Office of the Federation as the operating surplus for the respective years on which basis they arrived at the shortfall are derived from submission of budgetary provision not the actual amounts derived following the statutory audit of the authority’s financial statements.”

She argued that in line with the template issued by the Fiscal Responsibility Commission, the accessible operating surplus of the authority stood at N51.09bn and N42.51bn for 2017 and 2018 respectively.

“This amount will give rise to a remittance due to the CFR in the sum of N40.873bn and N34.065bn representing 80 per cent of the surpluses for the year 2017 and 2018 respectively.

“Accordingly, the authority consequently made a remittance of N42.415bn and N33.969bn for the years 2017 and 2018 respectively for the full amount required as remittance for the period.”

On remittances for 2019 — 2020, the suspended MD said the audit of the 2019 financial statement had been completed and awaiting consideration of the authority’s board at which point the final figures for the 2019 operating surplus would be determined for consequent computation of the amount due for remittance to the CFR.

“But thus far, the authority has made a remittance of N31.683bn for the 2019 remittance. The sum of N51.049bn has also thus far been remitted for 2020, while awaiting the audited financial statement to determine the final amount required for both 2019 and 2020 at which point the authority will make the payment of the balance as required,” Bala-Usman noted.

She stated that based on the above, the authority wished to clarify that the computation of its remittances to the CFR were concluded from audited financial statements using the template forwarded to the authority from the Fiscal Responsibility Commission and not budgetary provision.

“The authority has remitted the full amount due to it to CFR for the periods 2017 and 2018 arising from the operating surplus derived from the audited financial statement for the period totaling N76.384bn as evidenced in attached treasury receipts,” Bala-Usman said.

She added, “The authority has remitted a total of N 82.687bn for the periods 2019 and 2020 pending the audit of the financial statement at which point the amount so computed arising from the value of the operating surplus in the audited financial statement will be remitted to the CFR.”

She said the NPA wished to request the Chief of Staff and the Office of the Accountant-General of the Federation who were the statutorily custodian of status of payment to the CRF to provide clarification on the above so as to establish the true position of the authority’s remittances to the CFR.

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Buhari Claims #EndSARS Protesters Wanted to ‘Remove’ Him

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Nigeria’s President Muhammadu Buhari Thursday claimed the #EndSARS protests against police brutality that took place in the country last October were aimed at ousting him from office.

Buhari blamed the protests on the dwindling inflow of foreign direct investment to the country.

He insisted that Nigeria’s army of young people that participated in the protests have made it unattractive to investors.

The President stated this Thursday in an exclusive interview on ‘Good Morning Show’ on ARISE News Channel, a broadcast arm of THISDAY.

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Obasanjo Slams Agitators of Secession

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Former President Olusegun Obasanjo has condemned agitators of disintegration of the country saying that that it will be “almost idiotic” for Nigeria to disintegrate at a time like this when Africa is trying to reintegrate for political, social, and economic development.

He insisted that the country is better together for all the ethnic groups in the country to remain together as one indivisible nation with fairness and equity and where all Nigerians will feel proud, rather than for each tribe to go its separate ways.

The former Nigerian leader spoke at the luncheon and investiture organised by the Nigerian Institution of Surveyor, Ogun State chapter, held at the premises of the Olusegun Obasanjo Presidential Library (OOPL) Abeokuta.

The former President called on all agitators for the disintegration of the country to shelve the idea and work for the unity and oneness of the country.

While admitting that the present situation in the country is not palatable, he stressed that calling for the disintegration of the country is not the solution.

He expressed the optimism that, Nigeria will come out stronger from all the challenges currently confronting it if all citizens shelve their personal interests and work together for the unity and progress of the country.

The former president who cited Pakistan, Yugoslavia, and Sudan as countries who have broken away, but are yet to find solutions to their problems, said Nigerians should blame themselves for the country’s woes rather than blaming God.

“If there is any Nigerian who does not feel apprehensive on the situation of the country, the person is a human being without being human.

“Any Nigerian who is human will be apprehensive, if not frustrated with the present situation in the country. We are apprehensive about security situation, apprehensive about economic situation, apprehensive about our political situation and the drum we are hearing is that of disintegration of the country.

“I am a strong believer of one Nigeria, but not one Nigeria at any cost, but one Nigeria where every Nigerian can feel proud that he or she has a stake in this country.

“No Nigerian is born a slave in this country. No Nigerian is born to be oppressed in this country and those of us that have shared part of our blood and sweat for this country, we did that because we wanted a country that every Nigerian can claim as his or her own.

“One thing that gives us strength is our diversity. If all that we have is Republic of Oduduwa for those who said so, their position is understandable. If that is all we have, members of that country will be diminished compared to be a citizen of Nigeria. Citizens of Oduduwa Republic or any other republic from Nigeria will be diminished compared to citizens of Nigeria.

“In this age and time that we are talking about the reintegration of Africa for economic development, disintegration of any country will be almost idiotic if we have Igboland as an independent country, Yorubaland an independent country and Fulani/Hausaland an independent country.

“And as a friend of mine in the military used to say then, what will become of the over 300 minorities – the Jukuns, the Gbasamas? Where will they belong? The only reason they can raise up their heads is because they belong to Nigeria. Are we thinking of them or are we are just being selfish? It doesn’t matter what we do, we will still be neighbours.

“We had seen it before, India was broken into India and Pakistan, they are still at war till today. Yugoslavia was broken into how many countries, they haven’t sorted it till today. Sudan was broken into Sudan and South Sudan, I don’t believe South Sudan is better for it and that is the truth.

“I believe it will cost us less to work for our unity, there are many things wrong, but those things are correctable if we make efforts to correct them and hold us together than what it will cost us to break up and be perpetually at war and all our money will be spent in building an army. I know what an army contains, I know what it means to keep an army, an army that may not be productive, let us think about it”, Obasanjo stated.

Speaking on the importance of survey to national development, Obasanjo said, the entire country should be surveyed to achieve economic development and transformation.

He, therefore, charged the national body of the Nigerian Institution of Surveyors to draft a proposal on the national survey of the country to the Federal Government.

“When I was the president of the country, the project of surveying the entire country began, but it got stuck and I don’t know where the project is now”, Obasanjo noted.

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Continue Using Twitter – NASS Joint Minority Caucus Urges Nigerians

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The Joint Minority Caucus of the Senate and the House of Representatives has met over the ban on Twitter by the All Progressives Congress (APC)-led Federal Government and has restated its condemnation of the embargo as draconian and unacceptable.

This position was contained in a communique signed by Senator Enyinnaya Abaribe the Minority Leader of the Senate) and Hon. Ndudi Elumelu the Minority Leader of the House of Representatives.

In the statement, the Joint Minority Caucus also dismissed threats by the APC-led government to arrest and prosecute Nigerians using Twitter and calls on Nigerians to go ahead and use their Twitter as they would not be contravening any law in Nigeria or any international statute.

The Joint Minority Caucus recognized the provisions of Articles 19 and 20 of the United Nations Charter on Fundamental Human Rights, which Nigeria is a signatory to, as well as provisions of Sections 39 and 36 (12) of the 1999 Constitution (as amended), and notes that by these provisions no one will be violating any law for using Twitter in Nigeria.

As lawmakers, the Joint Caucus said it is pained by the anguish Nigerians, especially the youths, who find the use of Twitter as a means of livelihood and genuine social interaction, are passing through just because the APC-led Federal Government feels slighted that an individual’s post, was deleted by Twitter for ethic violation.

The joint caucus, therefore, called on Nigerians to use various opportunities offered by technology and continue making use of Twitter since such does not violate any law in our country.

“It is agonizing that Nigeria and Nigerians have been losing billions of naira on daily basis since the ban on Twitter. This is completely unacceptable as it is worsening the already biting economic hardship and frightening unemployment level in the country.

“Moreover, the ban on Twitter in Nigeria appears to be in favour of criminal and terrorist elements, whose activities fester in an environment of suppressed information flow.

“The Joint Minority Caucus sympathizes with the organized private sector, manufacturing and service providing companies, small and medium enterprises, online business owners and other hardworking entrepreneurs across the country, whose genuine business and means of livelihood have been crippled by the unwarranted ban on Twitter by the APC federal government,” the statement partly reads.

The caucus also identified with our students, research-based organization, media houses, the organized civil society, faith-based organizations, community groups among others, whose information-based activities have been violently disrupted by the ban.

In the same vein, the Joint Caucus sympathized with regional, states, local government as well as members of the international community, whose genuine and constructive activities have been crippled by the prohibition of twitter in Nigeria

It also identified with traditional rulers, who have even found Twitter as a means of communicating with the constituents, especially in this era of insecurity in the country.

The Joint Caucus vehemently berated the APC-led government for abandoning its duty of addressing the serious economic and security problems confronting our nation to rather focus on dissipating energy victimizing Nigerians over their disagreement with Twitter for deleting a post by an individual.

The Caucus counseled the Federal Government to swallow its pride, accept its misdoing and go and settle whatever issue it has with Twitter instead of this resort to inflicting pains on Nigerians.

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