ICPC warns lawmakers, government officials against project duplication
The ICPC chairman says the commission tracks selected projects, annually digitise executive and constituency projects and upload same on its website. 3 min read
It also cautioned lawmakers against such duplication in their annual zonal Intervention projects, commonly called the constituency project.
ICPC chairman, Bolaji Owasanoye, issued the warning, Tuesday, at a Policy Dialogue on Corruption and Cost of Governance in Nigeria in Abuja.
The event, which held virtually, was organised by the training and research arm of ICPC, Anti-Corruption Academy of Nigeria (ACAN).
It had in attendance the Minister of Finance, Budget and National Planning, Zainab Ahmed, the Secretary to the Government of the Federation, Boss Mustapha, and other dignitaries.
Kunle Aderinokun
Nowadays, it is easy for money to flow across borders and this connectivity between international financial systems promotes economic growth, but it also gives rise to a global problem referred to as Illicit Financial Flows (IFF).
Illicit Financial Flows are financial flows that are illicit either by virtue of their origin (stemming from organised crime), their utilisation (to finance terrorism) or the nature of the transfer itself (money laundering).
Interestingly, the effects of IFFs are particularly devastating for developing countries and increasingly undermine international efforts to promote sustainable development.
Undoubtedly, criminal activities associated with IFFs, such as human trafficking or the illegal trade in drugs, destabilise countries and regions and thus increase the risk of violent conflicts.
It ll be suicidal for FG to contemplate salary reduction ― NLC tribuneonlineng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneonlineng.com Daily Mail and Mail on Sunday newspapers.
The minister stated this as one of the remedies to reduce the high cost of governance.
by SaharaReporters, New York
May 05, 2021
Minister of Finance, Budget and Planning, Zainab Ahmed says most of the Nigeria s capital projects are recycled thus gulping huge amount of money on a yearly basis.
She, then, said that the Nigerian government is working on review of salaries which may lead to slashing of salaries of federal workers.
The minister stated this as one of the remedies to reduce the high cost of governance.
Ahmed revealed this in Abuja at a forum tagged Policy Dialogue on Corruption and Cost of Governance in Nigeria on Tuesday.
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