WHERE IS THE $470m ?

Explain Whereabouts Of Recovered $470m, Falana Tells FG

The lawyer also asked the federal government to declare and account for all the funds recovered since 1999 in line with the order obtained from the Federal High Court by the Socio-Economic and Accountability Project (SERAP).
emi Falana (SAN), a Lagos-based lawyer and activist, has called on the Federal Government to explain the whereabouts of $470.4 million and N8.8 billion recovered by the Nigeria Police Force.
In a statement issued on Sunday, the lawyer also asked the federal government to declare and account for all the funds recovered since 1999 in line with the order obtained from the Federal High Court by the Socio-Economic and Accountability Project (SERAP).
He said: “Last week, the Nigeria Police Force (NPF) claimed to have recovered some huge public funds, including the sum of $470.4 million and N8.8 billion belonging to the Nigerian National Petroleum Corporation (NNPC) BRASS/LNG hidden in some commercial banks in the country.
“According to the Police Public Relations Officer, Acting DSP Jimoh Moshhod, the fund, which was recovered by the Monitoring Unit of the Inspector-General of Police, Mr. Ibrahim Idris, was part of the unremitted revenue by the NNPC to the Treasury Single Account (TSA) in the Central Bank of Nigeria in violation of President Buhari’s directive that all public funds be domiciled in the TSA.
“Instead of seeking clarification from the Police authorities, the management of the NNPC swiftly dismissed the report and claimed that there was no missing fund.
“It is strange that the authorities of the Nigeria Police Force did not contact the NNPC Management before announcing the recovery of the said sum of $470.5 million and N8.8 billion.
“However, notwithstanding the lack of coordination on the part of both institutions, the Central Bank of Nigeria ought to confirm the receipt of the missing fund, which is alleged to have been deposited in the TSA.
“Apart from explaining the whereabouts of the money, the Federal Government should declare and account for all the funds recovered since 1999 in line with the order obtained from the Federal High Court by the Socio-Economic and Accountability Project (SERAP)."

Comments

Post a Comment

Popular posts from this blog

BIG HEART the Movie

Image
Voucher Entertainment presents the production of her debut movie, titled, BIG HEART. BIG HEART talks about the struggle of a single mother and the careless life lived by youths . The movie is written and produced by Abisoye Shoroye  and directed by Mr. Ishaya Solomon Lubo. For sponsorship and advert placement, contact Voucher Entertainment or call Abisoye on 07067738820
Read more

THE YORUBA HISTORY (SANGO --- GOD OF THUNDER)

Image
Sango was a royal ancestor of the Yoruba as he was the third king of the Oyo Kingdom. He succeeded Ajaka, son of Oranmiyan. His symbol is a double-headed axe, which represents swift and balanced justice. Mythologically, he (and 14 others) burst forth from the goddess Yemaja’s body after her son, Orungan, attempted to rape her for the second time. In another set of stories, Sango is the son of Aganju and Obatala. As the story goes, Obatala, the king of the white cloth was travelling and had to cross a river. Aganju, the ferryman and god of fire, refused him passage so Obatala retreated and turned into a woman and traded his/her body for passage (this would later become a conspiracy theory about homosexuality existing even in the days of old). This tension between reason represented by Obatala and Aganju would form the foundation of Sango’s particular character and nature. Sango was said to have went in search of Aganju on which he had to throw himself into a lake of burning fire...
Read more