Former Vice President Namadi Sambo has described as “total falsehood and fallacy’’ a story linking him to the ownership of Kaduna Electric Power Distribution Company of Nigeria.
Sambo stated this in a release he signed on Friday in Kaduna.
He said his attention had been drawn to an online publication on a query issued by the Nigerian Electricity Regulatory Commission to Power Distribution Companies.
“The story alleged that I own KAEDCO through a proxy.
“I wish to state unequivocally that the story is totally untrue, malicious and unfounded.
“The story is aimed at bringing my reputation to disrepute.
“For the records, I do not own a single share in the company or any of the public privatised companies under my watch, either directly or through a proxy,’’ he said.
Sambo added:”As the chairman of the Privatisation Council and indeed as public servant, I discharged my duties responsibly in accordance with laid down rules and procedures and in the interest of the nation.”
Agencies Illegally Took N5.8trn From FG Account – Report
The Nigerian National Petroleum Corporation (NNPC), the Department of Petroleum Resources (DPR) and the Federal Inland Revenue Service (FIRS), have made illegal deductions from the Federation Account estimated at N5.786 trillion between 2014 and 2017, said an audit report of the Auditor General of the Federation.
This was disclosed in Abuja during the presentation of the 2014-2017 Federal Audit Report by the Centre for Social Justice (CSJ). The report was supported by the European Union and the British Council.
The report presented by the Programme Officer of CSJ, Fidelis Onyejegbu, shows NNPC led the unauthorised deductions with N4.5 trillion; FIRS followed with N951 billion and DPR had N334bn.
It also said some key Ministries, Department and Agencies (MDAs) failed to remit N141.3bn of internally generated revenues and unspent funds into the Consolidated Revenue Fund (CRF) between 2014 and 2017.
Lead Director of CSJ, Eze Onyekpere, said the objective of the presentation was to improve federal revenue audit practice by putting the issues in the front burner of public discourse.
He emphasised the need for the country to amend its financial regulations and audit laws for better fiscal management in the best interest of the nation.
However, the NNPC and the DPR have denied the claim of illegally deducting N4.5trn and N334bn respectively.
The agencies said they couldn’t have deducted from the account since they run cashless accounts.
The DPR spokesman, Paul Osu, said the audit report was old and the agency had since debunked the claims made in it. “It was not possible to illegally deduct from Federation Account when the cashless policy is in place.”
NNPC spokesman, Kennie Obateru, also said NNPC didn’t deduct from the Federation Account.
The Director, Communications at FIRS, Mal. Abdullahi Ismaila said he was not aware of such deductions but promised to verify the true position of the agency and revert.
PETROAN Calls for Truce on Proposed NLC Strike over Petrol Price Hike
President Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr Billy Gillis-Harry has called on the Nigeria Labour Congress and the Trade Union Congress to consider dialogue as against the nationwide strike action billed from Monday, September 28, 2020
PETROAN is the second organized section in the oil and gas sector to take a position considered as capable of pulling the artery off the proposed strike action by the NLC and TUC. Last Tuesday, the Nigerian Association of Road Transport Owners (NARTO) surprisingly suspended the two-day warning strike which it commenced on Tuesday.
Although the protest of NARTO, an umbrella organisation of all commercial vehicles owners in Nigeria engaged in the haulage of petroleum products, general cargoes, and movement of goods and passengers nationwide, was unrelated to hike in petrol price hike, observers said the suspension of their strike, after a brief meeting with officials of government, was in order to ensure that their members will not participate in the NLC proposed strike.
Dr Harry said a dialogue Hon minister of state for.petroleum,Hon minister of Labour and organized labour between Saturday and Sunday, which he believes, the regulatory organs of government will be open to, will achieve a sustainable truce that will be in the interest of the common Nigerians in the street, than a mass action that will be largely destructive and worsen the hardship already inflicted by the Covid19 pandemic on Nigeria.
PETROAN is the umbrella body of over 400,000 members nationwide, who are petrol station owners and marketers. “Our members occupy the last stratum in the petrol distribution value chain. We have direct contact and final interaction with users of petroleum products. We have inflammable assets that are freely accessible to a possibly rampaging group. So, we are of the opinion that dialogue will achieve middle ground that will be favourable to the masses than a strike action,” the PATROAN President stated.
According to him, while PATROAN does not support the hike in petroleum pump price, and other tariffs, it believes that a strike action will only end up worsening things for Nigerians. “We want the Nigerian Labour Congress, the Trade Union Congress, NUPENG and all sister unions and associations to consider this dialogue option in the interest of the ordinary Nigerians. Let us exhaust all possible avenues of peaceful solution. We believe the authorities will definitely shift,” the PETROAN boss said
The NLC’s Central Working Committee handed down a two-week ultimatum to the FG to reverse the price hike or face industrial action after the National Executive Council meeting on Tuesday in Abuja. The federal government through the Petroleum Products Pricing Regulatory Agency, PPPRA, on July 1, raised the pump price of petrol to between N140.80 and N143.80 in July, one of the highest price movements in the last few months.
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