PERUSE Newsletter August 20, 2022

Where is Our Money?

Saturday, August 20, 2022

“The greatest danger to Nigeria today is the inaction of those who should serve and save it.”

-

 

Olusegun Obasanjo

(Former President of Nigeria)

Dear ,The government of the Republic of Niger has denied the receipt of 10 vehicles allegedly purchased by President Muhammadu Buhari's government for 1.14 billion naira.However, the Minister of Finance, Zainab Ahmed, had earlier said that the President approved funds to be used for the purchase of the vehicles, adding that it was the President's prerogative.If Niger is denying the receipt of funds, it leaves us with the question: Mr President where is our 1.14 billion naira?

N18.9 Billion to Cut Grass?

Nigerians have expressed shock at the spending of 18.9 billion naira by the Federal Ministry of Agriculture for bush clearing during the Covid-19 lockdown. This was disclosed during the House of Representatives probe hearing of the ministry's expenditure.

As if that was not enough, on Friday, August 15th, officials of the Nigeria Social Insurance Trust Fund (NSITF) allegedly told the Senate Public Accounts Committee (SPAC) that termites had eaten documents containing details of expenditure of the agency worth 17.1 billion naira in the year 2013. Apparently, termites have joined the league of thieving animals, we wonder what animal will be next!

Magu And His Lack of Priorities

The presidential panel that probed former Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has accused him of sabotaging high-profile cases while chasing after internet fraudsters, popularly known as “Yahoo Boys”.

In the final report submitted to President Muhammadu Buhari in November 2020, EFCC was said to have secured, under the leadership of Magu,  

2,446 convictions

, out of which

2,115 were yahoo boys.

However, executive briefs submitted to seek legal steps against high-profile suspects were not granted approval until the expiration of court orders.

It's like Magu lost focus!

#EndASUUStrikeNow!

On Thursday, August 18th, the Minister of Education, Adamu Adamu asked Nigerian students affected by the ongoing strike of the Academic Staff Union of Universities (ASUU) to sue the union if they want any compensation for the negative effect of the ongoing strike.If not that Adamu Adamu has immunity, he should be sued!

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Stay safe this weekend.The EiE Nigeria Team