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No document on N7.5bn withdrawal, says finance ministry

Punch Newspapers
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Published 5 May 2021
THE Federal Ministry of Finance on Tuesday told the Senate Public Accounts Committee that it was not in possession of any document relating to the alleged secret withdrawal of N7.5bn.
The Senate panel had last week asked the Ministry of Finance, Office of the Accountant General of the Federation and Office of National Security Adviser to explain the alleged secret withdrawal of N7.5bn from the 2 per cent National Automotive Council Design and Development Council Levy Account domiciled with the Central Bank of Nigeria.
Speaking on behalf of Permanent Secretary, Aliyu Ahmed, a Director from the ministry, Mr Teslim Akintoye, said that the ministry was not in possession of documents concerning the transaction. ....

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Senate summons federal ministry, agencies over N7.5b 'secret' withdrawal | The Guardian Nigeria News - Nigeria and World NewsNigeria — The Guardian Nigeria News – Nigeria and World News

Nigerian Senate PHOTO:Twitter
The Senate Committee on Public Accounts is upset by the alleged secret withdrawal of N7.5 billion from the National Automotive Council Design and Development Council (NADDC) Levy Account domiciled with Central Bank of Nigeria (CBN).
It, therefore, gave the Ministry of Finance, Office of Accountant General of the Federation and Office of National Security Adviser till next Tuesday to offer explanation.
The action of the Senate committee was based on the query by the Office of the Auditor General of the Federation (OAuGF) in 2015.
Two weeks ago, the committee had summoned the affected agencies to appear before it to explain the alleged secret withdrawal, but they did not honour the invitation. ....

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Nigeria adopts policy for citizens abroad - Daily Post Nigeria

Daily Post Nigeria
Published
The federal government has adopted a National Diaspora Policy for Nigeria.
Foreign Affairs Minister, Geoffrey Onyeama, confirmed this during a chat with reporters after the cabinet meeting chaired by President Muhammadu Buhari.
Onyeama noted that the policy was formulated by the Nigerian Diaspora Commission (NiDCOM).
The minister said it would formalise the relationship between the government and nationals abroad.
“There are 17 or more million Nigerians in the diaspora and they constitute a very important part of the Nigerian community.”
Onyeama added that the policy aims to promote national development through engagement with the Nigerians overseas.
He further explained that the scheme would address voting by citizens who reside outside Nigeria and the deployment of their skills in different sectors. ....

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Nigerian Senate invites Monguno, Zainab, other over N7.5bn withdrawal from treasury

Daily Post Nigeria
Published
The Senate on Wednesday asked the three officials of the Buhari administration to appear by next Tuesday.
They are National Security Adviser Babagana Monguno, Finance Minister Zainab Ahmed, and Accountant General of the Federation Ahmed Idris.
The Red Chamber of the National Assembly is seeking answers on secret withdrawal of N7.5billion from the treasury.
The money is two percent of the National Automotive Council Design & Development Council (NADDC) levy account domiciled with the Central Bank of Nigeria (CBN).
NADDC Director General, Jelani Tukur said the agency had written to Ahmed and Idris for clarifications.
He mentioned the withdrawal of N3.7billion as loan to NAFCON, withdrawal of N3.8billion for security personnel car loan scheme, and another withdrawal of N2.3billion as loan to Steyrs Nigeria Limited. ....

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