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Senate kicks as petroleum ministry spends N98 4m on flyers

Punch Newspapers Sections Sunday Aborisade, Abuja The Senate Public Account Committee has described as unacceptable the payment of N98.4m by the Petroleum Resources Ministry for the printing of leaflets. The flyers, according to the 2015 Auditor-General for the Federation’s report, was meant to create awareness campaign for the Petroleum Industrial Bill. The report, currently being scrutinised by the National Assembly, also stated that the fund was released without due process. The Chairman of the Senate panel, Senator Matthew Urhoghide, also faulted the payment of N39m was into the accounts of two persons for the purpose of monitoring the ministry’s project within the Federal Capital Territory.

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About ImmuPharma PLC ImmuPharma PLC (LSE AIM: IMM - Euronext Growth: ALIMM) is a specialty biopharmaceutical company that discovers and develops peptide-based therapeutics. The Company s portfolio includes novel peptide therapeutics for autoimmune diseases, metabolic diseases, anti-infectives and cancer. The lead program, Lupuzor™, is a first-in class autophagy immunomodulator which is in Phase 3 for the treatment of lupus and preclinical analysis suggest therapeutic activity for many other autoimmune diseases that share the same autophagy mechanism of action. ImmuPharma and Avion Pharmaceuticals signed on 28 November 2019, an exclusive licence and development agreement and trademark agreement for Lupuzor™ to fund a new international Phase 3 trial for Lupuzor™ and commercialise in the US.

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Tel: +44 (0)20 3727 1000   About Beximco Pharmaceuticals Limited Beximco Pharma is a leading manufacturer and exporter of medicines based in Bangladesh. Since its inception in 1976, the Company remains committed to health and wellbeing of people across all the continents by providing access to contemporary medicines. Company s broad portfolio of generics encompasses diverse delivery systems such as tablets, capsules, liquids, semi-solids, intravenous fluids, metered dose inhalers, dry powder inhalers, sterile ophthalmic drops, insulins, prefilled syringes, injectables, nebuliser solutions, oral soluble films etc. The Company also undertakes contract manufacturing for multinational and leading global generic pharmaceutical companies.   Beximco Pharma′s state-of-the-art manufacturing facilities are certified by global regulatory authorities of USA, Europe, Australia, Canada, GCC and Latin America, among others and it has a geogra

Breaking News | Breaking News Senate queries petroleum ministry for spending N98 4m on flyers

Oba Darasimi The Senate Public Account Committee has queried the Petroleum Resources Ministry for spending  N98.4m on printing of leaflets. The ministry claimed the sum was spent to create awareness campaign for the Petroleum Industrial Bill. In the 2015 Auditor-General for the Federation’s report before the Senate,  it was established that the funds was disbursed without due process. In the report, Auditor-General of the Federation queried the petroleum ministry for the spending, challenging  it to explain why such money would be disbursed without formal approval. The AuGF query on the matter read in part, “Contrary to the procurement process, an entry in the cash book for the sum of N98.4m was made in favour of a company for printing of leaflets for awareness campaign programme for the Petroleum Industry Bill.

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