News
Why we held finance commissioners workshop in London – OAGF
Why we held finance commissioners workshop in London – OAGF
The Office of the Accountant-General of the Federation (OAGF) has given reasons for holding a workshop on public financial management for finance commissioners in Nigeria in London, the United Kingdom.
Speaking on the rationale behind holding the workshop in the UK, Bawa Mokwa, director of press at the accountant-general’s office, it was because the facilitators were residents of that country.
He said, “It is an annual event. The OAGF members present at the meeting are sub-committees of FAAC.
“Members of the implementation committee are commissioners of finance of the 36 states. They usually go to the UK to do it annually because the resource persons are resident in the UK and they implement it to the letter.”
The spokesperson said the event was approved by the National Economic Council (NEC).
Nigeria is currently facing a chronic foreign exchange (FX) crisis that is worsening the plight of businesses, especially manufacturers, amid a prolonged economic hardship that began after the petrol subsidy removal and naira float policies by the Bola Tinubu administration.
The workshop on public financial management and international public sector accounting standards (IPSAS) was held at Copthorne Tara Hotel, Kensington London, from March 4 to March 9, 2024.
The workshop was titled, ‘Public Financial Management and IPSAS Workshop for State Commissioners of Finance and Officials of OAGF’.
According to the event’s brochure, the five-day programme was attended by the federation account allocation committee’s (FAAC) sub-committee on IPSAS implementation in Nigeria, office of the accountant-general of the federation, Abuja.
The topics covered during the workshop included IPSAS — overview, objectives and impact on accountability; IPSAS board strategy and work programme 2024-2028 — challenges of IPSAS implementation in Nigeria; and key issues in the preparation of IPSAS-compliant financial statements.
Others are accounting and reporting in a hyperinflationary economy, public financial management (PFM) in Nigeria — implementation and challenges, budget implementation in Nigeria and challenges.
Part of the workshop activities also included a courtesy visit to the high commissioner of the Nigerian high commission in London.
The sessions started at 10am daily and ended at 2.30pm, with participants departing on March 9, 2023.
News
Late COAS Lagbaja gets CFR honour, buried amid tributes
Late COAS Lagbaja gets CFR honour, buried amid tributes
The late Chief of Army Staff (COAS), Lt. General Taoreed Lagbaja, was on Friday laid to rest in Abuja, amid tears and tributes.
President Bola Tinubu conferred a posthumous award of the Commander of the Federal Republic (CFR) on the late Chief of Army Staff.
The burial took place at the National Cemetery in Abuja to end two days of funeral rites that began in Lagos earlier in the week.
His body was lowered into the grave at exactly 4:41pm after the ceremony that lasted over two hours.
Lagbaja’s casket, draped in Nigeria’s green and white colours, arrived at the cemetery around 3pm in a white funeral wagon after a funeral service at the National Christian Centre in Abuja.
Dignitaries were led to the event by President Bola Tinubu. Others are Vice President Kashim Shettima; the Acting Chief of Army Staff, Lt.Gen. Olufemi Oluyede; the Chief of Defence Staff, Gen. Christopher Musa; Minister of Defence, Abubakar Badaru, and other top government officials and military brass.
President Tinubu announced the conferment of the CFR on the late COAS during the interment at the National Cemetery in Abuja.
The President extolled the virtues of the late warrior, especially his contributions to national security.
According to him, the appointment of Lagbaja as the COAS was one of his finest made so far.
“As an eternal symbol of our appreciation, I have granted the late Chief of Army Staff, the posthumous national honour of the Commander of the Federal Republic of the Niger (CFR),” Tinubu declared.
He thereafter invited the wife of the late COAS, Mariya, to collect the award on behalf of the Lagbaja family amid applause from the congregation.
News
Supreme Court dismisses 16 govs suit challenging EFCC legality
Supreme Court dismisses 16 govs suit challenging EFCC legality
The Supreme Court has dismissed the suit by 16 states challenging the constitutionality of the acts establishing the Economic and Financial Crimes Commission and two others.
The News Agency of Nigeria (NAN) reports that the other agencies are the Independent Corrupt Practices and other related offences Commission (ICPC) and the Nigerian Financial Intelligence Unit (NFIU).
In the lead judgment by Justice Uwani Abba-Aji delivered on Friday, the Supreme Court resolved the six issues raised for determination in the suit against the plaintiffs.
The court held that the laws establishing the anti-corruption agencies were validly enacted by the National Assembly within its legislative competence.
It faulted the claim by the plaintiffs that the EFCC Act, being a product of the United Nations convention on corruption, ought to be ratified by majority of the state houses of assembly.
Delivering judgement on Friday, Justice Abba-Aji ruled that “the EFCC Act, which was not established from a treaty but a convention, does not need the ratification of the houses of assembly.”
News
Executive Secretary FCDA Hadi Ahmad suspended indefinitely
Executive Secretary FCDA Hadi Ahmad suspended indefinitely
Executive Secretary, Federal Capital Development Authority FCDA, Engr. Shehu Hadi Ahmad, has been suspended indefinitely.
His suspicion was on the order of the Minister of the Federal Capital Territory, Nyesom Wike.
Senior Special Assistant on Public Communications and New Media to the Minister, Lere Olayinka, disclosed this in a statement on Thursday evening.
No reason was given for the suspension.
Ahmad was directed to hand over to the Director, Engineering Services in the FCDA.
The statement read: “The Executive Secretary, Federal Capital Development Authority FCDA, Engr. Shehu Hadi Ahmad, has been suspended indefinitely.
“According to a statement on Thursday, by Lere Olayinka, Senior Special Assistant on Public Communications and New Media to the Minister of Federal Capital Territory FCT, Nyesom Wike, the suspension of Engr Hadi Ahmad is with immediate effect.
“The suspended Executive Secretary has consequently been directed to hand over to the Director of Engineering Services, Engr in the FCDA.”
-
Sports1 day agoBREAKING: Super Eagles qualify for AFCON 2025
-
Aviation1 day agoDisaster averted as bird strike hits Abuja-Lagos Air Peace flight
-
metro21 hours agoCourt orders varsity to pay lecturer N40m compensation for wrongful dismissal
-
Opinion20 hours agoApomu king turns warmonger for PDP
-
Education2 days ago12-year-old Nigerian girl Eniola Shokunbi invents air filter to reduce spread of diseases in US schools
-
Politics3 days agoWhy I can’t form coalition with Peter Obi – Sowore
-
Politics20 hours agoOndo poll: Three gov candidates withdraw for Aiyedatiwa
-
News2 days agoEdo Gov Okpebholo freezes govt accounts, reverses ministry’s name