Politics
“N30bn Missing From NSITF” – Chris Ngige
The minister of Labour and Employment, Dr. Chris Ngige, in line with a presidential directive, yesterday inaugurated all the boards of parastatals under the Ministry of Labour except the board of the Nigeria Social Insurance Trust Fund (NSITF) due to the huge fraud discovered in the agency.
The boards inaugurated by the minister include those of the National Productivity Centre (NPC), National Directorate of Employment (NDE), and Michael Imoudu National institute for Labour Studies (MINILS).
LEADERSHIP Weekend recalls that the president had in October 2017 constituted the board of the NSITF with the former president of National Union of Petroleum and Natural Gas Workers (NUPENG), Chief Frank Kokori, as the chairman.
However, giving reasons why the board was not inaugurated alongside others yesterday, Ngige said he had the consent of the president to stay action on inaugurating the NSITF board the pending the outcome of the administrative enquiry recently set up by the ministry to investigate the mindless looting of the agency.
The minister urged members of the other boards so inaugurated to be accountable in the discharge of their mandates to avoid a repeat of the rot in the NSITF.
Ngige said: “The operations of the various parastatals must strictly conform to financial regulations, especially Section 32 and the provisions of the Procurement Act. The audited accounts of the parastatals must always be prepared and submitted to the relevant authorities as and when due.
“The NSITF, for example, is reeling from massive looting with no audited account for five years. A whooping sum of N5billion was unearthed by an audit panel of enquiry as having been taken out of the NSITF coffers with First Bank in a single day without vouchers.
“Worse still, the organisation maintained no cash book as required by financial regulations. This resulted in massive looting of funds by board members acting in concert with the management staff.
“When we say N5 billion was taken in one day, that’s not the only amount missing. Over N30billion cannot be accounted for and the members of the past board participated actively in the looting.
News
Senators’ Monthly N29m Earning Is Not Enough For The Demands and Challenges of Their Office – Ex Lawmaker, Ishaku Abbo
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In an interview on Arise TV on Sunday, Abbo stated that his salary and allowances while serving as a senator totaled N14.4 million, while today senators earn up to N29 million.
He said, “When I was in the Senate, cumulatively, all the allowances were N14.4 million per month. You have a wardrobe allowance, a vehicle allowance, and other allowances put together that were N14.4 million, including the N1 million salary.
“It is about N29 million now. N29 million looks big on paper. I’m saying this as a honest man. I’m not trying to support the National Assembly, and I’ve been a member of that vilified institution for five years. I am not standing with them, but I’ll bear the facts on the table.”
“I had a case of just one person I took to the hospital; I spent N14 million on one person.
“And every month, from all over Adamawa State and other states, my office was besieged with people looking for help.
“I had to start calling some state governors to help me with cases that are being brought from their states into my office.”
Abbo further alleged that some state governors go home with up to N1 billion for state responsibilities.
“From N14 million, I was paying for people’s scholarships, subsiding people’s expenses while a state governor in this country is going home with over N700 million security vote every month, some go home with N1 billion to do other security issues,” he said.
“I am poorer, much poorer as a man when I became a politician than I was before I became a politician,” Abbo added.
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News
JUST IN: Chinese Firm Releases Seized Presidential Jet For Tinubu’s France Trip
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Chinese firm Zhongshan Fucheng Industrial Investment Co. Ltd. has released one of the three Nigerian Airbus A330 aircraft that were detained in France following a court order from a Paris judicial court.
We earlier reported that the firm had seized a Dassault Falcon 7X, a Boeing 737-7N6/BBJ, and an Airbus A330-243 belonging to the Nigerian federal government, which were stationed at Paris-Le Bourget and Basel-Mulhouse airports.
In a statement on Friday, the company announced that it will release one of the seized jets as a “goodwill gesture” ahead of President Bola Ahmed Tinubu’s upcoming meeting with French President Emmanuel Macron.
The firm indicated that President Tinubu will be permitted to use the Airbus A330, which is currently detained in France due to the French court order obtained by Zhongshan, for his trip to France.
![](https://lagoslately.com/wp-content/uploads/2024/08/fb_img_17238393904616432480458317123407.jpg)
News
Protesters Carted Away Ganduje’s Corruption Trial Documents – Gov Yusuf.
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Governor Abba Kabir Yusuf of Kano State has said that all the alleged corruption cases filed by the APC National Chairman, Ganduje, residing at the State High Court, have been carted away by the violent Protesters
Kano State High Court of Justice was among hundreds of other places vandalized and set ablaze by the End Bad Government Protesters when they came out in their hundreds against hunger and starvation in the country.
However, Governor Yusuf who paid an assessment visit to the State High Court, on Wednesday, expressed worry that the corruption charges case files of former Governor Ganduje have been taken away from the court.
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