Tag: MDAs

FG agencies, parastatals to remit 50% gross IGR – Wale Edun

Aminu Imam

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun has directed all self-funded Federal Government Agencies/Parastatals (receiving no allocation from the Federal Government Budget) to remit 50percent of their gross Internally-Generated Revenue (IGR) to the Sub-Recurrent Account. The Minister, in a signed circular, dated December 2021 on Revenue, Expenditure and Internally-Generated Revenue (IGR) Remittances to the Consolidated Revenue Fund (CRF); the following guidelines are hereby issued for immediate compliance by all Federal Government Agencies/Parastatals for the collections, utilisation and remittances of IGR, stated that  all Ministries, Departments…

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President Tinubu retires all Service Chiefs, Advisers; appoints new ones

Aminu Imam

…Dissolves Boards of Govt. Parastatals, MDAs President Bola Ahmed Tinubu has approved the immediate retirement of all Service Chiefs and the Inspector-General of Police, Advisers, Comptroller-General of Customs from service as well as their replacements with immediate effect. This is according to an issued press statement by Willie Bassey, Director, Information for the Secretary to the Government of the Federation, George Akume. The newly appointed Officers are: National Security Adviser – Nuhu Ribadu; Chief of Defence Staff – Maj.-Gen. C.G Musa; Chief of Army Staff – Maj-Gen. T. A Lagbaja;…

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Cash crunch hits MDAs over freezing of accounts

Aminu Imam

Civil servants across Ministries, Departments and Agencies (MDAs) have lamented the slow pace of activities and other schedules in the discharge of their responsibilities due to the non-availability of fund following the freezing order on their accounts by the Central Bank of Nigeria, (CBN). Senior government and low cadre officers told newsmen yesterday that the non-availability of funds was hampering the operation and expectation of the workers. Recall that the federal government had placed embargo on further payments to the MDAs of the federal government till further notice. Officials however…

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‘Stop payment to MDAs till further notice’, Tinubu orders CBN

Aminu Imam

As part of the ongoing efforts at taking firm control of his administration, President Bola Ahmed Tinubu has reportedly directed the Central Bank of Nigeria (CBN) to stop further payments to the Ministries, Departments, and Agencies, (MDAs), of the Federal Government till further notice. According a presidency source yesterday, the Presidential order was issued before the embattled CBN boss, Godwin Emefiele was suspended and handed over to the Department of State Services, (DSS) for further action. According to the source, the directive, which came immediately after President Tinubu assumed office,…

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Fraudulent N1tr Spending: Senate Audit Report indicts Heads of MDAs

Aminu Imam

The Senate has said President Muhammadu Buhari failed to act on a report that indicted top management of government Ministries, Departments and Agencies (MDAs), who have allegedly spent well over N1 trillion fraudulently. The indictment of the MDAs by the Senate, on Wednesday, was sequel to the consideration of the Senator Matthew Urhoghide–led Senate Committee on Public Accounts reports of 2017 and 2018 of Auditor General of the Federation, (AuGF). Addressing newsmen after the presentation of the reports, the Vice-Chairman of Senate Public Accounts Committee, Senator Ibrahim Hassan Hadejia, said,…

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PIA 2022: ‘Comply with Senate resolution on crude oil export terminals’ – Buhari directs MDAs

Aminu Imam

President Muhammadu Buhari, has instructed all government establishments to comply with the senate resolution asking that the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) be the sole and only regulatory entity to regulate and monitor the activities of all existing crude oil export terminals in Nigeria. The resolution was passed November 2022 in alignment with Section 7ee of the Petroleum Industry Act (PIA) 2021. Institutions affected by the directive include the NUPRC, Nigerian Midstream Downstream Regulatory Authority (NMDPRA), the Nigerian National Petroleum Company Limited (NNPCL), Federal Ministry of Industry, Trade and…

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Senate probes N1.7tr security votes to MDAs

Aminu Imam

The Senate, through its standing Committee on Public Accounts, has begun a probe of over 1.7 trillion service-wide votes allocated to federal agencies from 2017 to 2021 budgets. The Chairman of the Committee, Senator Matthew Urhogbide, who made this known during the meeting of the committee, said beneficiary government agencies needed to give explanations on how they utilised the fund. He added that service-wide votes were a disbursement for shortfall in capital and overheads. A service-wide vote, which is also known as the Consolidated Revenue Fund Charge, is more or…

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Ministries can now award N1.499bn contract without BPP – FG

Aminu Imam

The Federal Government has approved a prior review of the thresholds service-wide application for procurements in Ministries, Departments, and Agencies, (MDAs). It was gathered that the Ministerial tenders board can now award a contract of N30 million and above – but less than N1.5 billion – for works, according to a circular signed by the Secretary to the Government of the Federation (SGF), Boss Mustapha. This represents a 200% increase from the initial approval of N10 million and above — but less than N500 million. The Board can also award…

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President Buhari vows to release 100 percent 2021 capital allocations to MDAs

Aminu Imam

President Muhammadu Buhari has promised Ministries, Department and Agencies, (MDAs) of the Federal Government that they will receive 100% of their capital allocations this year. President Buhari made the pledge in Abuja yesterday, at the presentation of the 2022 Budget to the National Assembly. The President revealed that as of October 4,  only N1.732 trillion had been released for Capital Expenditure. This was less than 50% of the N3.85 trillion projected for the year. However, he vowed to change the narrative. “I am pleased to inform you that we expect to fund…

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War against corruption inaction: SERAP sues Buhari, AGF, Fin. minister over ‘missing N106bn in 149 MDAs’

Aminu Imam

President Muhammadu Buhari has been sued over “his failure to probe allegations that N106 billion of public funds was missing from 149 ministries, departments and agencies (MDAs) under his watch”. The Socio-Economic Rights and Accountability Project, (SERAP) filed the lawsuit, to force the President to ensure the prosecution of those suspected to be responsible and to recover the missing public funds. The suit followed the allegations by the Office of the Auditor-General of the Federation in his 2018 annual audited report that almost N106bn of public funds was missing, misappropriated, or unaccounted…

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