EFCC to monitor govt disbursement of funds through IPPIS – Newstrends
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EFCC to monitor govt disbursement of funds through IPPIS

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EFCC to monitor govt disbursement of funds through IPPIS

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed that the commission has been granted access to the Integrated Personnel and Payroll Information System (IPPIS) to track government disbursements and ensure funds are properly utilised.

Speaking during a visit from the Senate Committee on Anti-Corruption and Financial Crimes to the EFCC’s headquarters in Abuja on Monday, Olukoyede emphasised that the EFCC will also monitor constituency projects funded by the government.

“We now have a relationship with the Accountant General’s Office. We have been given access to IPPIS. We want to monitor the releases and track where the money goes,” Olukoyede said. He sought the cooperation of the senators, stating, “We will monitor your constituency projects. I hope you will cooperate with us.”

The EFCC chairman also announced plans to acquire specialised software to track and investigate cryptocurrency trading in Nigeria, an area where the country is reportedly losing billions of dollars due to unregulated activities. Olukoyede said, “We are losing several billions of dollars through unlicensed cryptocurrency trading in Nigeria. The lowest bid we received for the software needed to monitor this activity is 3.4 billion naira.”

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Olukoyede further highlighted the potential revenue from regulating and taxing cryptocurrency trading, noting that Nigeria could generate at least $5 billion annually if the industry were properly monitored.

Reflecting on previous corruption investigations, including the arms procurement scandal, Olukoyede linked the country’s ongoing insecurity challenges to misappropriated funds. He also defended the EFCC’s focus on tackling cybercrime, noting that Nigeria loses approximately $500 million annually to internet fraud.

“People should not criticise us for prosecuting cybercrime. We lose $500 million every year to internet fraud, and it’s a crime that has stained Nigeria’s reputation internationally,” he said.

Olukoyede urged Nigerians to support the EFCC’s efforts to combat corruption and cybercrime, warning that unchecked corruption continues to threaten the country’s stability.

 

EFCC to monitor govt disbursement of funds through IPPIS

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200,000 repentant terrorists surrender, drop arms in North East – CDS

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Chief of Defence Staff, General Christopher Musa

200,000 repentant terrorists surrender, drop arms in North East – CDS

The Chief of Defence Staff, General Christopher Musa, has disclosed that about 200,000 repentant terrorists have so far dropped their arms and surrendered to troops in the North East, noting that the twin strategy of kinetic and non-kinetic operations was responsible for this achievement.

The CDS made this known at the Security and Justice Symposium organised by the Office of the National Security Adviser (ONSA) in collaboration with the British High Commission, which began at the National Counterterrorism Centre in Abuja on Tuesday.

He disclosed that the theme of the symposium, ”Securing Peace, Ensuring Justice, Protection, Conduct, and Accountability,” speaks volumes about the deluge of security challenges the armed forces and security agencies are facing.

His words, “All the challenges we are facing today have to do with fairness, equity, justice, and accountability.

“There will not be peace without justice, equity, fairness, and accountability. In our operations, we are conducting both kinetic and non-kinetic strategies, which have to a large extent yielded significant successes, and we want to particularly thank the National Security Adviser for his great support in this regard.

“Nigeria is going through so many challenges, and we feel we’re able to address this, and everybody has a sense of belonging. A lot of the security challenges we are having, we are sure, will go down. I want to thank the National Security Advisor for all the support he’s given us, both the kinetic and the non-kinetic.

“We have said it; the kinetic aspect is just less than 30%. The non-kinetic has a lot to play. The non-kinetic, because when you have democracy, people must have the evidence of democracy. As long as it tells people to sleep well and be peaceful, and they are hungry, their children cannot eat, and all this creates more problems.

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“The issue of informants. We have to look at how we tackle this issue of informants. Because these are the people who have created the issue.

200,000 repentant terrorists surrender, drop arms in North East – CDS

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Robbers kill two members in shoot-out with Delta police

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Robbers kill two members in shoot-out with Delta police

The spokesperson for the police in Delta State, SP Bright Edafe, has confirmed the death of two robbery suspects in the state.

Mr Edafe, who disclosed this to journalists on Tuesday in Warri, said that the deceased were killed from the bullets shot by their gang members.

According to him, the incident occurred on Wednesday at Effurun, Uvwie Local Government Area of the state.

Mr Edafe explained that the deceased were leading the police surveillance team attached to the Ekpan Division to their hideout when they were caught during a shoot-out.

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“The suspects were arrested at Effurun roundabout with a bag containing 57 live cartridges and other items. They were leading the surveillance team to their hideout at Warri/Sapele road when their gang members, on sighting the vehicle of the police team, engaged them in a shootout.During the gun duel, the arrested suspects that were leading the police team were fatally wounded by the gun shot of their colleagues. The two injured suspects were taken to the hospital and later died while receiving treatment,” he said.

Mr Edafe said that items recovered from the hoodlums hideout included: one English pump action gun, one locally made cut-to-size gun and eight live cartridges.

Others were: six iPhones, Smart phones and a Rolex wrist watch.

He said that the command had intensified manhunt on the fleeing members of the gang.

 

Robbers kill two members in shoot-out with Delta police

(NAN)

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Akwa Ibom businessman abducted, driver killed, police orderly injured

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Dr. Samuel Ekerenam
Akwa Ibom businessman abducted, driver killed, police orderly injured
Gunmen kidnapped a prominent businessman, Dr. Samuel Ekerenam and k!lled his driver in Eket town, the headquarter of Eket Local Government Area of Akwa Ibom State.
Ekerena, the owner of Hephzibah Mall, was abducted about 10:00pm on Saturday, 23 November, 2024.
It was gathered that the gunmen trailed the victim to the shopping complex, shooting sporadically to scare the passers-by away before whisking him away to an unknown destination.
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The body of Ekerenam’s driver was discovered in the pool of his blood, while his police orderly was severely wounded in the gun attack.
The spokesperson of the State Police Command, ASP Timfon John, who confirmed the incident on Monday, November 25, said the Commissioner of Police, CP Joseph Eribo has deployed tactical operatives to comb for the abducted businessman.
The PPRO added that the police were on top of the game and very soon the kidnap victim would be rescued and the perpetrators made to face the full weight of the law.

Akwa Ibom businessman abducted, driver killed, police orderly injured

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