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Federal agencies, revenue non-remittance and challenge of development

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Official document from Office of the Auditor General of the Federation has revealed how a total sum of $759,387,755.10 was withdrawn from the Department of Petroleum Resources (DPR’s) Signature Bonus Account domiciled with JP Morgan Chase Bank.
Signature bonus is a single, non-recoverable lump sum payment by the Licensee to Government upon the granting of a Petroleum Exploration Licence or Petroleum Production Licence.
The latest OAuGF 2018 annual report indicated that the sum, withdrawn in bits, was paid into different accounts in tranches between July 2014 and May 2015.
Checks by Nigerian Tribune showed that an initial sum of $469,387,755.10 was withdrawn from the said account between April 10th and April 30th 2015 and paid to an account called, “CBN autonomous FEM account Garki, Abuja Nigeria,” rather than being paid into the Federation Account. ....

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How DPR withdrew $759.4m from signature bonus account

How DPR withdrew $759.4m from signature bonus account
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.

Nigeria General , Port Harcourt , Abuja Federal Capital Territory , Federal Republic Of Nigeria , Henshaw Agubike , Wumi Iledare , Kalu Otisi , Bala Zakka , Oyinda Adedokun , Bisi Olaosepin , Premium Times Centre For Investigative Journalism , Riverman Technologies , Ministry Of Petroleum Resources , Bank Afreximbank , Central Bank , Standard Chartered Bank To First Nigeria , Office Of The Accountant , Revenue Fund , Petroleum Technology Development Fund , Nigeria Association For Energy Economics , Senate Joint Committee On , Federation Accounts Allocation Committee , Jpmorgan Chase Bank , Department Of Petroleum Resources , Nigerian National Petroleum Corporation , Office Of The Auditor ,

'Set continental record, reduced audit cost and time' -- 7 major feats Waziri Adio achieved as NEITI boss

'Set continental record, reduced audit cost and time' -- 7 major feats Waziri Adio achieved as NEITI boss
thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.

New York , United States , United Kingdom , East Timor , Columbia University , Orji Ogbonnaya , Ogbonnaya Orji , Muhammadu Buhari , Financial Crimes Commission , Macarthur Foundation , United Kingdom Department For Internation Development , Nigeria Extractive Industries Transparency Initiative , World Bank , Nigerian National Petroleum Corporation , Ford Foundation , Government Partnership , Extractive Industries Transparency Initiative , African Development Bank Af , President Muhammadu Buhari , Waziri Adio , Trust Africa , African Development Bank , United Kingdom Department , Internation Development , Federal Government , Open Government Partnership ,

The Danger of 'Cattle Imperialism'

By Olusegun Adeniyi
From Olusegun Obasanjo to Goodluck Jonathan and now Muhammadu Buhari, âtriumphalismâ by members of the ethnic group whose âsonâ is in power has become the defining ethos of their relationship with other Nigerians. This display of arrogance of powerâeven without deriving any âbenefitâ beyond the fact that the president speaks their languageânot only causes problems for their man, but creates needless tension for our fragile nation. However, at no period in the past 21 years has our country descended to the level of inter-ethnic animosity in which it finds itself at the moment. What is fueling the current angst has been aptly described by Nobel Laureate, Professor Wole Soyinka, as a not-so-subtle attempt to impose on the nation âcattle imperialismâ. ....

Nigeria General , Niger Delta , Benue State , Ogun State , Abuja Federal Capital Territory , Niger State , Frederick Fasheun , Reuben Abati , Kazeem Sorinola , Sani Bello , Edwin Clark , Justice Adewale Thompson , Chibuike Rotimi Amaechi , Muhammadu Buhari , Abimbola Oyeyemi , Olusegun Adeniyi , Bettina Peters , Olusegun Obasanjo , Government Science College , Harvard Kennedy School , National Stakeholder Working Group , Public Administration , Nigeria Extractive Industries Transparency Initiative , International Federation Of Journalists , Columbia University , Oodua Peoples Congress ,

NEITI: Waziri Adio Bows Out

By Olusegun Adeniyi,
The stewardship of my friend and brother, Waziri Onibiyo Adio, as the Executive Secretary of the Nigeria Extractive Industries Transparency Initiative (NEITI) ends today after five excellent years. It is non-renewable single term. I am proud of his achievements at the institution that also means a great deal to me.
NEITI was established in 2003 to institutionalise transparent and accountable management of extractive resources as a response to the pervasive resource curse syndrome experienced by countries like Nigeria. Appointed by President Olusegun Obasanjo to represent the media, I was a founding member of the board (the inaugural National Stakeholder Working Group of NEITI). A certain Chibuike Rotimi Amaechi, then the Speaker of the Rivers State House of Assembly, was also appointed to represent the legislature of the 17 southern states. The main catalyst, of course, was our chairperson, Mrs Oby Ezekwesili. Working with the then acting Executive ....

Chibuike Rotimi Amaechi , Olusegun Adeniyi , Olusegun Obasanjo , Public Administration , Harvard Kennedy School , National Stakeholder Working Group , Nigeria Extractive Industries Transparency Initiative , Oxford University , Columbia University , Waziri Onibiyo Adio , Executive Secretary , President Olusegun Obasanjo , Rivers State House , Mrs Oby , Fiscal Allocation , Statutory Disbursement , Paper Series , Deep Offshore , Inland Basin Production Sharing Contract , Satisfactory Progres , Beneficial Ownership , ஹார்வர்ட் கெந்நெடீ பள்ளி , ஆக்ஸ்ஃபர்ட் பல்கலைக்கழகம் , கொலம்பியா பல்கலைக்கழகம் , நிர்வாகி செயலாளர் , ஆறுகள் நிலை வீடு ,