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Again, Customs CG Fails to Appear Before Senate Panel
The Comptroller General of the Nigerian Customs Service, Hameed Ali, has failed to appear before the Senate Committee on Public Accounts despite several summons.
Asides previous invitation over the Customs audit report, Mr Ali was again summoned by the committee last week following an indictment of the Customs by the auditor-general’s report.
The report stated that the Nigerian Customs Service and the Federal Inland Revenue Service (FIRS) violated the Pension Reform Act 2014 which requires them to remit five per cent of their contributory pension to the National Pension Commission (PenCom).
The report by the auditor-general had among other things called on the accountant-general to “provide his investment ledger meant for the funds,” explain the reason the two agencies failed to comply with the provisions of the act while also sanctioning them as due.
Last week, the Accountant General of the Federation, Ahmed Idris, explained on behalf of the two.
“The noncompliance of the remittance of 5 per cent of the contributory pension (by the custom service, for instance) was as a result of insufficient funds. Also, I wish to state, as funding improves, the service will comply accordingly,” he said last week.
There was however, no representative from the Customs – hence the reason they were summoned again.
Reacting to his non-appearance, the chairman of the committee, Matthew Urhoghide, said the panel will “do a letter to the CG Customs that we are going to hold him responsible for the testimony given by the Accountant General.”
“His deliberate refusal to appear, (we) will take it that the accusations are correct and (we) are going to hold him responsible,” he said.
Ecology fund
The Secretary General of the Federation (SGF), Boss Mustapha, was also summoned over matter.
Habiba Lawal, permanent secretary of the Office Ecological fund, located in the Office of the SGF, appeared before the committee on behalf of the SGF.
She explained that over the years, from 1984, there have been several ratios for allocations to the ecological fund from the federation account.
But presently, she explained, the ratio from the federation account is: federal government 1 per cent, state government 0.72 per cent, local government 0.60 per cent, a total of 2.32 per cent.
She said the allocations to state and local governments do not come directly to the ecological fund office but is shared directly at Federation Account Allocation Committee (FAAC) every month.
Speaking on how accruals to the federal government are spent, she said “the only thing the ecological fund office knows is what is in 1 per cent accruable to the federal government – of which our office is part of”.
“Within the one per cent meant for the federal government, the act setting up NEMA, gives them 20 per cent of the accruable of monthly basis from the ecological fund to NEMA to discharge it’s functions in addition to whatever appropriation they are given from the National Assembly.
“Also, the national agency for the great green wall also had an act that gives them 15 per cent of federal share from the ecological fund.
“The third layer which is new is the North East Development Commission which will start taking from the month of January and they will take 10 per cent of the federal government share of the ecological fund,” she said.
Ms Lawal also told the panel that the federal government’s allocation is not housed in the ecological fund office, but in the CBN under the custody of the office of the Accountant General of the Federation and the office of the Minister of Finance.
“So what comes to the ecological fund office in SGF’s office is the fund meant for the specific projects the president has approved. So if the president says the road from that door to that door should be done by the office of the ecological fund at the cost of N10.
“That approval is what I will send to the minister of finance who will process and send to the account general and then the SGF’s ecological fund account in CBN also will then be credited with the project funds. The ecological fund office cannot answer for the whole federation funds because it is not in our custody and our job is to implement these projects.”
The representatives of the office of the accountant general who appeared before the panel, requested for more time to prepare the necessary documents.
They were given two weeks by the committee.
Premium Times
The Federal Capital Territory Administration (FCTA), on Thursday, published a list of 9, 532 alleged land title debtors in Abuja, giving them a two-week ultimatum to settle their outstanding bills.
The list, which includes prominent individuals and government agencies, was published on November 26, with defaulters expected to pay for their certificate of occupancy (C-of- O) within the stipulated timeframe.
Among those listed as defaulters is former Head of State, Ibrahim Badamosi Babangida (IBB), who owes N152 million for a plot of land in Asokoro, a highbrow area in the nation’s capital. IBB, who ruled Nigeria from 1985 to 1993, is not the only high-profile individual on the list.
Other notable defaulters include Samuel Ortom, former governor of Benue, who owes N950,000 for a plot of land in Bazango, and Aminu Tambuwal, senator representing Sokoto south, who owes N18 million for a plot of land in Carraway Dallas.
The FCTA has threatened to revoke the land titles of defaulters who fail to settle their bills within the stipulated timeframe. The administration has urged defaulters to settle their bills by e-payment to the “FCT department of land administration” account.
In addition to individual defaulters, some federal agencies, including the Nigerian Financial Intelligence Unit (NFIU), the navy, and police, were also named as defaulters.
The Lagos governor’s lodge in Asokoro, the Kaduna state government, and ‘State House Abuja’ were also listed as land title debtors.
This development is not the first time the FCTA has taken steps to recover outstanding debts from landowners. In June this year, the administration set up a committee to recover over N29 billion owed by property owners.
The committee has since identified 430 individuals and organisations as defaulters, with plans to prosecute them.
The FCTA has also partnered with anti-graft agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), to check the activities of land grabbers in the territory.
The Senate has granted approval to the ₦1.77 trillion ($2.2b) loan request of President Bola Tinubu after a voice vote in favor of the request.
The Senate presided by Deputy Senate President, Barau Jibrin, approved the loan after the Senate Committee on Local and Foreign Debts chaired by Senator Wammako Magatarkada (APC, Sokoto North) presented the report of the committee.
The request which was submitted by the President on Tuesday is part of a fresh external borrowing plan to partially finance the N9.7 trillion budget deficit for the 2024 fiscal year.
Tinubu had on Tuesday written to the National Assembly, seeking approval of a fresh N1.767 trillion, the equivalent of $2.209 billion as a new external borrowing plan in the 2024 Appropriation Act.
The fresh loan is expected to stretch the amount spent on debt servicing by the Federal Government. The Central Bank of Nigeria recently said that it cost the Federal Government $3.58 billion to service foreign debt in the first nine months of 2024.
The CBN report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56bn spent during the same period in 2023.
According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.37m, the highest monthly expenditure in 2023 was $641.70m, recorded in July.
The trend in foreign debt servicing by the CBN highlights the rising cost of debt obligations by Nigeria.
Further breakdown of international debt figures showed that in January 2024, debt servicing costs surged by 398.89 per cent, rising to $560.52m from $112.35m in January 2023. February, however, saw a slight decline of 1.84 per cent, with payments reducing from $288.54m in 2023 to $283.22m in 2024.
March recorded a 31.04 per cent drop in payments, falling to $276.17m from $400.47m in the same period last year. April saw a significant rise of 131.77 per cent, with $215.20m paid in 2024 compared to $92.85m in 2023.
The highest debt servicing payment occurred in May 2024, when $854.37m was spent, reflecting a 286.52 per cent increase compared to $221.05m in May 2023. June, on the other hand, saw a 6.51 per cent decline, with $50.82m paid in 2024, down from $54.36m in 2023.
July 2024 recorded a 15.48 per cent reduction, with payments dropping to $542.50m from $641.70m in July 2023. In August, there was another decline of 9.69 per cent, as $279.95m was paid compared to $309.96m in 2023. However, September 2024 saw a 17.49 per cent increase, with payments rising to $515.81m from $439.06m in the same month last year.
Given rising exchange rates, the data raises concerns about the growing pressure of Nigeria’s foreign debt obligations.
Channels TV
Self acclaimed leader of the Indigenous People of Biafra (IPOB), Simon Ekpa, has been arrested by law enforcement in Finland.
The BBC reports that Ekpa was subsequently sent to prison by the district court of Päijät-Häme for “spreading terrorist propaganda on social media”.
Ekpa was said to have committed the crime in 2021 in Lahti municipality.
The Finnish National Bureau of Investigation (NBI) also arrested four other men over alleged terrorist offences.
A citizen of Finland and Nigeria, Ekpa has described himself as leader of the separatist IPOB group since Nnamdi Kanu’s incarceration.
Finnish police say Ekpa’s activities and social media rhetoric may have fanned the flames of violence in the south-east of Nigeria.
“He carries out these activities from his social media channels, for example,” said Otto Hiltunen, detective chief inspector of the NBI.
In February 2023, Ekpa was arrested by police at his residence in Lahti but was released after hours of questioning.
Using his social media channels, Ekpa had directed Igbos not to participate in Nigeria’s 2023 general election.
In September 2021, the Biafra agitator and secessionist denounced Nigeria and vowed to return the medal he won for the country at the 2003 African Junior Athletics Championships.
