Buhari orders probe of ex-heads of JAMB over poor remittances | FG uncovers revenue diversion in JAMB

Filed in Nigerian School News by on September 14, 2017 0 Comments

Buhari orders probe of ex-heads of JAMB over poor remittances | FG uncovers revenue diversion in JAMB

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Buhari orders probe of ex-heads of JAMB over poor remittances

President Muhammadu Buhari yesterday ordered an investigation of past heads of Joint Admission and Matriculation Board (JAMB) and the Nigerian Maritime Administration and Safety Agency (NIMASA), over what it described as poor remittances. ‎

Minister of Finance, Kemi Adeosun, who briefed the Federal Executive Council (FEC) about the performances of some government agencies, said JAMB for the first time remitted N5 billion to the coffers of the government with a balance of N3 billion still to be remitted compared to maximum N3 million per annum remitted in the past.

According to the Minister, NIMASA remitted N4.95 billion in 2015 and N24 billion in 2016.

Adeosun told State House Correspondents after the meeting presided over by President Buhari, that JAMB in July announced the remittance of N5 billion to the Federal Government which happens to be the highest so far in the last 40 years of its existence.

She said the disparity in the remittances of the two agencies in the past and now necessitated the decision to probe all previous heads of the two agencies.

The minister also disclosed that other agencies with similar discrepancies in their revenue remittances would also be investigated.

The minister said the story was same in other agencies and the leakages which the government was poised to block.

Adeosun told newsmen that FEC also approved for Nigeria to rejoin the African Trade Insurance Agency.
“This is an agency that is out to provide risk guarantee for private investors coming into Nigeria as well as exporters from Nigeria.’’

She noted that the agency has an A rating international and is able to guarantee long-term projects.

‎In a related development, Minister of Water Resources, Suleiman Adamu, has assured that there is no cause for alarm over impending flooding across the country despite alerts issued by neighbouring Niger Republic of rising levels of River Niger there.

The minister who also briefed Council on the development disclosed that relevant government agencies were monitoring the situation so as to issue early warning to areas that may be affected and mitigate the effect in Nigeria

Also, Minister of Budget and National Planning, Udoma Udo Udoma said FEC had extensive discussion on the state of the economy.

He said the Council was encouraged on the Gross Domestic Product ‎(GDP) growth rate, which indicated that it was going in the right direction, adding that the policies of the government have succeeded in stopping the economic slide.

The Minister of Women Affairs, Hajia Aisha Alhassan yesterday attended the meeting, despite stirring the hornet’s nest when she reportedly declared she would align with former vice president Atiku Abubakar if President Buhari contests in 2019.

FG uncovers revenue diversion in JAMB

The Federal Executive Council (FEC) has ordered fresh investigation of its revenue generating agencies as it uncovered massive disparity in the remittance of internally generated revenue by some of the agencies.

The Minister of Finance, Mrs Kemi Adeosun, disclosed this when she addressed State House correspondents on the outcome of the council’s meeting, which was presided over by President Muhammadu Buhari.

She revealed that the council specifically directed the ministry of finance to look into the past revenue remittances of the Joint Admission and Matriculation Board (JAMB) and the Nigerian Maritime Administration and Safety Agency (NIMASA).

According to her, the disparity in the remittances of the two agencies in the past and now necessitated the decision to probe all previous heads of the two agencies, saying that other agencies with similar discrepancies in their revenue remittances will be probed.

“The highest amount that JAMB had ever remitted into the consolidated revenue fund before this management was N3 million.

“This year so far they have done N5 billion and the Minister of Education reported that they have an additional N3 billion that they are ready to remit which will take this year’s figure alone to N8 billion and they have not increased their charges, they have not increased their fees.

“So, the question the council members were asking is, where was all this money before?

“So, the directive was given that we must call the heads of all these agencies and similar ones to account (for their financial dealings), and that is the directive we have been given and that is what we intend to do and it is a similar story with other agencies.

“These are the leakages which we have now come in and we are blocking,’’ she said.

The minister reassured that the ministry was on the pathway of resetting the economy and adjusting permanently to a sort of lower oil pricing.

She announced that the Council also approved for Nigeria to rejoin the African Trade Insurance Agency.

According to the minister, this is an agency that is out to provide risk guarantee for private investors coming into Nigeria as well as exporters from Nigeria.

She said: “It will provide risk guarantees. So, instead of projects asking for sovereign guarantees, we will be able to provide that risk mitigation through the African Trade Insurance Agency. Many other countries are already members, so Nigeria will be also joining.

“This agency has an A rating internationally and is able to guarantee long term projects.

“So, what we see as a result of this is that there will be increased level of investments, particularly PPP where every often the investors want some guarantee from the government, instead the government issuing sovereign guarantee directly, this agency will step in and issue it.’’

The Minister of Budget and National Planning, Sen. Udoma Udo Udoma, also told the correspondents that he briefed the council on the second quarters NBS results on the state of the economy.

He stated that members of the council had pledged to recommit themselves to the full implementation of the Economic Recovery and Growth Plan so that Nigerians could feel the full impact of the plan.

The Minister of Water Resources, Alhaji Suleiman Adamu, disclosed that he briefed FEC on flood and possibly threats of flood in the country.

According to him, there is presently no threat of flood in the country apart from the alert the nation received from Niger Republic.

“Niger Republic has put the country on alert. The level of the River in Niamey has increased considerably and the country is at alert at the moment.

 “That is an indication that there will be more flood into the River Niger downstream towards Kainji, Jabba and of course by the time you come down on confluence at Lokoja, the situation will be compounding because you are already aware of the flood situation in Benue.

“The good thing is that we have an observatory in Niamey and another one in Lokoja to give us that real time, per second updates on the water level.

“So we are monitoring the situation and I briefed council on our efforts to monitor the situation which we are doing.’’

The minister added that the ministry was working in collaboration with National Emergency Management Agency as well as the Nigeria Hydrological Services Agency to inform and educate states along River Niger, particularly Kogi, Anambra, Delta, Benue and Rivers on the threat of flooding.

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