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N700bn recovered through whistleblowers – Finance minister

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The Federal Government had recovered over N700bn from corrupt individuals since the commencement of the whistle-blower policy in 2016, the Minister of Finance, Budget and National Planning, Zainab Ahmed, said on Tuesday in Abuja.

She spoke during an interview with journalists at the National Conference on Whistle Blower Policy in Nigeria.

She said some of these recoveries were made during the cleaning of the Integrated Personnel Payroll Information System; stoppage of non-compliance with the Treasury Single Account and violations of the procurement Act 2007 among others.

The minister said at inception of the policy, there was widespread enthusiasm as Nigerians volunteered numerous actionable information.

Such information or tips, she noted, were referred for further investigations by the Economic and Financial Crimes Commission; Independent Corrupt Practices and Other Related Offences Commission; Nigerian Financial Intelligence Unit and the Department of State Services.
However, she lamented that after sometime, interest in the implementation of the policy nosedived.

To address these issues, she said a committee with representatives from anti-graft and security agencies, chaired by a representative of the Federal Ministry of Justice, was set up to draft a Whistle Blower Bill.

The committee was set up taking into account all the complaints received from the public and the observations of the various stakeholders.

Also speaking at the event, Vice President Yemi Osinbajo said the Whistle Blower Policy was developed as a tool to expose corruption and corrupt actors in government.

“The Whistle Blower Policy presents a unique opportunity for men and women of conscience who are appalled by the level of corruption in the society and are looking for safe avenues to expose the perpetrators of such corrupt activities to do so in a way that their identities are protected and their positions in their places of work are secured,” he said.

The Vice President urged the developers of the new Whistle Blower Bill to expand the scope of wrongful acts that might be reported by whistleblowers.

He said, “As a violation of law, gross mismanagement, waste of public resources, or acts inimical to public health or safety should be included in the scope of activities that whistleblowers can report to the authorities.

“The law should also provide for comprehensive protection of whistleblowers, including against reprisals from their employers and those whose activities they expose.

“These may include witness protection type provisions should the whistleblower have to appear in court.”

The VP said the ability of government to deliver on promises in the areas of human capital development, provision of quality infrastructure and the general economic progress of the country depended significantly on the protection of the scarce resources from being looted and its application for the benefit of Nigerian citizens.

He also said the policy should operate widely in states and local governments as they were closer to the people and oversee about half of the nation’s revenues.

Osinbajo said government’s goal was to harness the huge potential of the people to deliver on their moral obligation to report cases of corruption within their immediate environments.

The new whistleblower policy, he insisted, would energise the people to guard their resources through increased exposure of financial and related crimes.

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Why I prefer not to be called Matthew – Obasanjo

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Former President of Nigeria, Olusegun Obasanjo

Why I prefer not to be called Matthew – Obasanjo

Former President Olusegun Obasanjo has revealed that he has dropped ‘Matthew’ from his name, stating that he never fancied it.

Speaking on Wednesday, Obasanjo emphasized the need for Africans to decolonize their names, describing it as a crucial step toward breaking free from the shackles of slavery, the slave trade, and colonialism.

According to him, Africa must liberate itself culturally to achieve meaningful progress in politics and economic development.

He spoke in Abeokuta, Ogun State, during a public lecture and book presentation to mark his 88th birthday.

The books are titled “Lest we forget: Slavery, Slave Trade, Emancipation and Reparation” and “Nigeria: Past and the Future.”

The Labour Party Presidential Candidate in the last election, Peter Obi, his running-mate, Yusuf Datti – Ahmed, Osun State Governor, Ademola Adeleke, Ogun Deputy Governor, Engr Noimot Salako – Oyedele and the business mogul, Sir Kessington Adebutu, graced the occasion.

Former Governors, Ibikunle Amosun (Ogun), Olagunsoye Oyinlola (Osun), Sule Lamido (Jigawa) and Emeka Ihedioha of Imo, traditional rulers and other top politicians were on ground to honour the former president.

In his remarks, Obasanjo maintained that Africa must free itself from the effect of colonialism for the continent to attain its desired growth and development.

“The (guest) lecturer made us to realise that part of our problem is what I may call the residue of slavery, slave trade, and colonialism. And until we can break ourselves completely out of it, we will not be able to make much progress as we should,” Obasanjo said.

The former President noted that Africa is still battling the effects of colonialism and slave trade, spanning about two centuries.

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Quoting some speakers at the event, the Ota – Farmer also pushed for what he called decolonisation of names, hinting that he no longer fancy his name, Matthew.

Obasanjo jokingly referenced comments of the African Development Bank President, Dr Akin Adesina, in a recorded speech, where he called the former president Matthew.

He told the gathering that he would stick to his native names – Olusegun Aremu Okikiola Obasanjo – but Adesina is free to retain Matthew on his part.

Obasanjo wondered why his late parents named him Matthew, a tax collector, and not names like Peter, Samuel, John and Moses, which he described as “beautiful names.”

He said “And that brings me to Akin Adesina, who wants to continue to rename me Matthew. I have no problem with his evangelical mission. Matthew was a disciple of Jesus Christ, but he was a tax collector.

“We have Peter, who was a disciple, even though he denied Jesus but he was forgiven, and he became the rock. We have John. But for me, the name Mathew I don’t fancy it. And I said it was my father and my mother… I don’t know why they decided on Mathew. They didn’t name me Peter, John, Samuel, Moses. Those are beautiful names. Not even Joseph.

“So, Akin Adesina can keep his Matthew, I will keep my Olusegun Okikiola Aremu Obasanjo.”

Speaking further on his second book on Nigeria’s past and future, Obasanjo described himself as an incurable optimistist, saying Nigeria would become a great country in his lifetime.

“On ‘Nigeria past and future’, it is for us to see where we have all gone wrong without any exception as a group. And then, is there a way out and if there is a way out, what’s the way out? If we know the way out, how do we get there? And what should we do?

“But for me, I am an incurable optimistist about Nigeria. Yes, the situation is bad , no doubt. But I believe that in my lifetime, we will have Nigeria that will be all proud of.”

In a lecture entitled “Echoes of the past, visions of the future: reflections on slavery and colonisation and Nigeria’s journey towards a promising future”, Professor Eghosa Osaghae emphasized the need for Nigeria to reimagine its history, culture, and identity, free from the lingering effects of colonialism.

Osaghae who is the Director -General, Nigerian Institute for International Affairs, also highlighted the importance of promoting indigenous knowledge systems, languages, and cultural practices, and called for a new era of African-led development, driven by the continent’s own unique values, perspectives, and priorities.

 

Why I prefer not to be called Matthew – Obasanjo

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Ex-Akwa Ibom Gov Udom Emmanuel remains in EFCC detention over N700bn fraud

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Ex-Akwa Ibom Gov Udom Emmanuel remains in EFCC detention over N700bn fraud

 

The Economic and Financial Crimes Commission (EFCC) has detained a former governor of Akwa Ibom State, Emmanuel Udom, over an alleged N700 billion fraud.

Udom, who served as governor between 2015 and 2023, arrived at the EFCC’s corporate headquarters in Abuja around 12:20pm on Tuesday following an invitation from the anti-graft agency.

He was arrested and detained after arriving at the EFCC office.

Newstrends learnt that the former governor was grilled over allegations of money laundering, diversion of funds, and stealing.

This was said to have followed a petition by a civil society organisation, the Network Against Corruption and Trafficking.

The group alleged that Udom received N3 trillion from the Federation Account for over eight years but left behind a debt profile of N500 billion and unpaid N300 billion for ongoing projects.

He was also accused of being unable to account for N700 billion.

It was revealed that investigations uncovered the withdrawal of N31 billion in cash from a single account named “Office of the Governor.”

The transactions were said to have occurred between 2019 and 2023.

 

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Tinubu appoints new Accountant-General of Federation

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Tinubu appoints new Accountant-General of Federation

 

President Bola Tinubu has named 57-year-old Shamsedeen Ogunjimi as the new Accountant General of the Federation.

A statement by Special Adviser to the President (Information & Strategy), Bayo Onanuga, said his appointment, would takes effect from 7th March 2025, the same day the incumbent, Oluwatoyin Madehin, would retire.

Ogunjimi was first named as Madehin’s successor last December.

The statement read in part, “A selection committee later chose him through a competitive, rigorous, and merit-based process involving Directors of Accounts in the Federal Civil Service. The committee conducted the process through three stages: a written assessment, an ICT proficiency test, and oral interviews.

“The selection process underscores President Tinubu’s commitment to promoting transparency, excellence, and competence in key public service positions.”

A 1990 graduate of the University of Nigeria, Nsukka, with a Bachelor of Science in Accountancy, Ogunjimi also holds a Master’s in Accounting and Finance from the University of Lagos.

He is a fellow of the Institute of Chartered Accountants of Nigeria and the Chartered Institute of Taxation of Nigeria.

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