metro
Osinbajo To Military: Account For Security Expenditure
Vice President Yemi Osinbajo has underscored the need for transparency in the management of resources meant for the acquisition of hardware for the defence and security agencies.
He spoke late Wednesday during a virtual interaction after receiving a presentation on “Defence Transformation and National Security: Strategic Options for Nigeria of the Future”, by the National Defence College Course 30 participants.
Daily Trust reports that Nigeria is facing a myriad of Foundation opens entry for Oxford scholarships challenges like terrorism, banditry, kidnapping for ransom and agitations for secession, among others.
Security breaches are ripe across all the six geopolitical zones including the Federal Capital Territory (FCT) as symbol of authority is being desecrated and civilians and security operatives killed.
While the federal government had been budgeting billions of naira on defence and security, experts believed the manner in which the resources are being spent is questionable; hence the call for transparency and in some cases probe.
In his presentation to the participants of the Defence College, the vice president said, “There needs to be more accountability because every time you hear about ‘we not having enough equipment,’ but there must be accountability.
“I will like to see a framework for greater accountability within the Ministry of Defence that ensures that they are able to account for military expenditure,” he said in a statement issued Thursday by his spokesman, Laolu Akande.
He said Nigeria’s current security challenges and emerging threats required the military and other relevant stakeholders to be several steps ahead of perpetrators while also stepping up local production of armaments.
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According to him, “If you look at the challenges that we are facing and the nature of those challenges, it is evident that we need to be many steps ahead of non-state actors in particular who are perpetrators of this asymmetric warfare that we are experiencing.”
Prof. Osinbajo, while commending the course participants for their efforts in proposing innovations in the defence sector, stressed the urgency of the local production of arms.
“If we say the local companies should produce some of the mobile platforms like Armoured Personnel Carriers (APCs) and Multi-Role Armoured Vehicle (MRAV), if we give them the contracts, they will produce, but if we choose to import rather than produce locally then we will never develop our military-industrial complex.”
Earlier in a presentation on behalf of the Course 30 participants, Col. A. A. Adamu proposed, among other things, the restructuring of the Ministry of Defence to reflect contemporary challenges as well as contain emerging threats to defence and security.
Other officials present at the event included the Chief of Staff to the President, Prof. Ibrahim Gambari; Chief of Naval Staff, Vice Admiral Awwal Gambo; the Commandant of the National Defence College, Rear Adm. Murtala Bashir, and representative of the Inspector General of Police, among other senior officers from the college.
Research report presentation by course participants to the vice president is a prominent feature in the annual academic calendar of the National Defence College.
Every year since 2016, participants of the college have presented reports of research conducted in key areas to the vice president.
Daily Trust reports that the specifics on the budget and other allocations to the defence sector are rarely made public amid outcry by troops for more equipment to confront the enemy.
There have been controversies about some releases to the security establishments.
For instance, on December 14, 2017, Nigerian governors approved the release of $1bn from the country’s excess oil account to the federal government to buy arms for the effective execution of the Boko Haram war.
The approval reportedly reduced the $2.3bn Excess Crude Account by half, a development that generated heated debate with some analysts saying the money would be stolen.
At the time of the release, Edo State Governor, Godwin Obaseki, who briefed the press on the decision after the meeting of the National Economic Council (NEC), said the money would cover the whole array of needs, which included the purchase of equipment, training for military personnel and logistics.
However, in 2019, the National Security Adviser (NSA), Maj. Gen. Babagana Monguno (retd), said a huge amount of money approved for arms purchase under the ex-service chiefs could not be accounted for.
For instance, Gen Monguno cried out that he did not know the whereabouts of the $1bn approved by the governors.
The NSA office later issued a statement saying Monguno did not say money was missing.
The Presidency also reacted saying the funds allocated for procurement of weapons during the time of the former service chiefs were not missing, adding that procurements had been made but the arms were yet to be delivered.
The service chiefs were Gen Abayomi Olonisakin (Chief of Defence Staff-CDS); Tukur Buratai (Chief of Army Staff-COAS)); Ibok-Ete Ekwe Ibas (Chief of Naval Staff-CNS); Sadique Abubakar (Chief of Air Staff-CAS).
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The Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said there was no way funds could disappear under the leadership of President Muhammadu Buhari.
He also said the NSA was misquoted, stressing that Monguno did not accuse the ex-service chiefs of misappropriation of funds.
Shehu said, “About the $1bn taken from the Excess Crude Account with the consent of state governors used for military procurements, I want to assure you that nothing of that money is missing.
“The reference by it in the interview of the BBC Hausa Service by the National Security Adviser has been misconstrued and mistranslated. NSA made two critical points -one is that we don’t have enough weapons, which is a statement of facts, and two procurements made have not been fully delivered.
“At no point did the NSA say that money has been misappropriated and that no arms seen. They have not been delivered, that is correct; these are things you don’t get off the shelves,” Shehu said.
Non-transparent military spending can create war economy – Expert
Speaking on the implication of the vice president’s demand, a financial crimes expert, Umar Yakubu, explained that non-transparency in military spending could cause a war economy.
“There is a need for more transparency in military spending because if we don’t, we are going to create a war economy where we will not be able to continue sustaining the corruption and where the war will not finish. That is one of the reasons insecurity has not gone down,” Yakubu said.
He stressed that Nigerians would have more confidence in the military and the work they do if they halt the current secrecy regarding their spending.
“If you look all over the world, one area where there seems to be lack of transparency and opaqueness is the military sector in relation to their expenditure.
“Most governments hide under the cover of insecurity to tell you that they are not going to disclose how much they are spending on insecurity.
He said for the vice president to call for more transparency, speaks volumes.
“If you look at the trajectory from 2017 to 2021, the military budget has been increasing by a minimum of N500 million every year. If I am correct, it is over N2trn now – just to the military.
“If you crosscheck with what the minister of finance said, their releases are high, it is not just only about their budget. The releases are high, maybe up to 90%.
“Now, if there is so much heavy military expenditure and when you ask them, they will tell you that they lack equipment, so what is the problem? Where does the problem lie?” he asked.
Efforts to reach the Director, Defence Information, Maj.-Gen. Jimmy Akpor proved abortive as calls to his mobile phone did not connect before filing this report.
metro
BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year
BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year
The federal government has unveiled a proposed budget of N47.9 trillion for the 2025 fiscal year.
Atiku Bagudu, Minister of Budget and Economic Planning, disclosed this to journalists on Thursday following the Federal Executive Council (FEC) meeting chaired by President Bola Tinubu.
Bagudu revealed that the council had approved the Medium-Term Expenditure Framework (MTEF) for 2025-2027.
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According to the minister, the government has pegged the crude oil benchmark at $75 per barrel, with an oil production target of 2.06 million barrels per day (bpd).
The budget also sets the exchange rate at N1,400 per dollar and aims for a gross domestic product (GDP) growth rate of 6.4%.
BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year
metro
EFCC arrests ex-NCMB boss over $35m energy project fraud
EFCC arrests ex-NCMB boss over $35m energy project fraud
The Economic and Financial Crimes Commission (EFCC) told FIJ that they have arrested Timber Wabote, the former executive secretary of the Nigerian Content Development and Monitoring Board (NCMB), on the grounds of a failed $35 million Bayelsa refinery project fraud.
Dele Oyewale, the EFCC’s spokesperson, confirmed this to FIJ on Thursday.
“It is true,” Oyewale responded to FIJ’s inquiries.
Wabote is accused of misappropriating public funds for a refinery project that should have improved local energy production.
Vanguard reported that the NCDMB under Wabote paid $35 million to support the development of energy infrastructure in the Brass Local Government Area of Bayelsa, yet there was nothing to show for it.
The EFCC picked Wabote up following the arrest of Akintoye Adeoye Akindele, the Managing Director of Atlantic International Refinery and Petrochemical Limited, for alleged misappropriation, money laundering and diversion of $35 million in public funds.
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“NCDMB under the watch of Wabote allegedly paid the $35 million to Akindele to build a 2,000 barrel per day (BPD), refinery, jetty, gas plant, power plant, data centre and tank farm at Brass free trade zone (FTZ), Okpoama Community in Brass LGA of Bayelsa State,” a source with the EFCC had explained.
Since December 2020 when the payments were made, Akindele abandoned the project with little or nothing to show for the huge sum he received.
Preliminary investigations showed that Wabote’s NCDMB financed 17 different projects, including the 2,000 BPD refinery in Brass LGA.
There has been a series of public fund misappropriation cases in the energy sector in recent times.
FIJ earlier reported that members of the House of Representatives summoned three ministers to defend how over $2 billion was spent on renewable energy with not much to show for it.
A recent FIJ report also recently detailed how residents of Yenagoa, the capital of Bayelsa, have not had power in their homes since July due to the vandalisation of the Ahoada-Yenagoa transmission towers caused by unidentified persons.
The Bayelsa state government told FIJ it was the federal government’s responsibility to provide electricity for residents. The state has no renewable energy options reliable enough to power its capital despite the multi-million-dollar NCMB energy project.
Transparency in the energy sector has become necessary at a time when Nigerians have suffered power instability due to frequent grid collapses.
EFCC arrests ex-NCMB boss over $35m energy project fraud
metro
Court adjourns Yahaya Bello’s trial till Nov 27
Court adjourns Yahaya Bello’s trial till Nov 27
The Economic and Financial Crimes Commission (EFCC) has requested an adjournment in the new case against the immediate past Governor of Kogi State, Yahaya Bello, stating that the 30-day window for the previously issued summons is still active.
The commission has granted administrative bail to his co-defendants, Umar Oricha and Abdulsalami Hudu, and asked the court for an extension of time for Bello to appear.
At the resumed hearing before Justice Maryann Anenih of the Federal Capital Territory High Court, Abuja, EFCC Counsel Jamiu Agoro noted that the court’s order from October 3rd had not yet expired.
“In that wise, we feel it will not be appropriate for us to take proceedings while that 30 days is still running. So we have discussed and agreed to come back on the 27th day of November, 2024, my lord,” he told the court.
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He also mentioned that the previously set date of November 20th was not convenient for the prosecution counsels.
Counsel to the second defendant, Aliyu Saiki, SAN, confirmed that his client had been granted administrative bail by the prosecution and had no objection to the adjournment request. The third defendant’s counsel, ZE Abass, concurred.
The prosecution counsel also requested the court to allow the notice of hearing to be pasted on the last known address of the first defendant.
After hearing from all counsels, the judge granted the EFCC’s application for adjournment and the issuance of the hearing notice.
“I have considered the application for adjournment by the complainant and issuance of hearing notice and the submission by the second and third defendants. The application is granted,” she said.
Justice Anenih then adjourned the case to November 27th for arraignment.
The former governor, alongside Umar Oricha and Abdulsalami Hudu, are being prosecuted as 1st to 3rd defendants, respectively, in a fresh 16-count charge instituted against them by the EFCC.
Court adjourns Yahaya Bello’s trial till Nov 27
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