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Bureau of Public Enterprise denies diverting N2.5 billion from PHCN to acquire property

The bureau had made several demands to ASL which had remained elusive till date.

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Bureau of Public Enterprise denies diverting N2.5 billion from PHCN to acquire property, BPE to concession Lagos Trade Fair complex

Bureau of Public Enterprises (BPE) has appealed to the general public to disregard the reports that claimed that its officials diverted funds or proceeds from the PHCN.

BPE has disclosed that its officials did not divert N2.5 billion from Power Holding Company of Nigeria (PHCN) to buy property in Aso Savings and Loans (ASL).

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This disclosure was made public in a statement by Amina Othman, the Bureau’s Head of Public Communications, on Wednesday in Abuja.

According to NAN, Othman said the bureau had made several demands to ASL which had remained elusive till date, as the ASL properties that are habitable have been sold and the money received has been paid into the government treasury.

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Hence, the alleged diversion is, therefore, a figment of the imagination of the writers of the reports.

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According to her, under the said arrangement, ownership of some completed properties that were ready for sale would be ceded to the bureau in partial satisfaction of the stranded deposits and cash repayment of N1.25 billion.

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What they are saying

Speaking about these false allegations against the Bureau, she said:

On Feb. 25, 2014, the BPE got the approval of the Accountant-General of the Federation (OAGF) to establish a banking relationship with ASL…Subsequently, the bureau made a placement in the sum of N2.5 billion in the account to facilitate access to cheap finance for its staff housing scheme but the staff were not able to access the money…

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“Following the Federal Government’s directive on Sept. 14, 2015 that all funds held with commercial banks be transferred to the Bureau’s Treasury Single Account with the Central Bank of Nigeria, it was discovered that ASL could not meet its deposit repayment obligations, as a result, ASL proposed a repayment plan of property swap valued at N1.52 billion on Oct. 18, 2016.

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“Under the arrangement, ownership of some completed property that was ready for sale were ceded to the bureau in partial satisfaction of the stranded deposits and cash repayment of N1.25 billion…

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It should be noted that some of ASL property that are habitable have been sold and the money received and paid into government treasury… From the foregoing, there is nowhere that BPE officials diverted any fund or proceeds from the PHCN. The alleged diversion is, therefore, a figment of the imagination of the writers of the reports.”

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Exited N-Power beneficiaries to apply for CBN empowerment options

A portal to enable Exited N-Power beneficiaries apply for CBN empowerment options has been launched by the Ministry of Humanitarian Affairs.

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The Ministry of Humanitarian Affairs, Disaster Management, and Social Development has launched a portal enabling exited N-Power beneficiaries to apply for CBN empowerment options.
This was disclosed by the Ministry in a social media statement on Friday evening.
According to the press release by the Ministry, “The platform which was developed in collaboration with the CBN will enable Exited N-Power Beneficiaries to log on and apply for the various economic, empowerment, and entrepreneurship options provided by the CBN.”
The statement which was signed by the Permanent Secretary of the Ministry Bashir Nura Alkali, quoted the Honourable Minister, Sadiya Umar Farouq urging interested Exited Beneficiaries of N- Power to log on to the portal and provide the required additional information for possible placements into the various CBN intervention options.
The Minister also emphasized that the NEXIT PORTAL will determine the suitability of the beneficiaries for the CBN affiliated programs.
“The NEXIT portal is to determine the suitability of the beneficiaries for the CBN affiliated programs and is dependent on meeting the criteria and conditions set by the CBN for the said programs,” she said.
Farouq pledged the Ministry’s willingness to collaborate with relevant agencies of government and other stakeholders towards the realization of that vision and congratulated the exited beneficiaries while wishing them well in their future endeavours.

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Nigeria’s University lecturers union, ASUU, calls off 8-month strike

ASUU called off its eight-month long strike that has grounded academic activities in the public universities.

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The Academic Staff Union of Universities (ASUU) has called off its eight-month-long strike that has grounded academic activities in the public universities. The union took the decision after it agreed to accept government’s total payment of N70 billion.

The was disclosed by ASUU via its Twitter handle on Friday after its meeting with the Federal Government’s team led by the Minister of Labour and Employment, Dr. Chris Ngige.

It tweeted, “The Academic Staff Union of Universities, ASUU, has shifted ground on FG’s offer. The Union insisted that payment of outstanding salaries must not be done as through the IPPIS platform as promised, if strike would be suspended.”

This is a developing story….

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Terrorism: Nigeria records 39.1% reduction in deaths – GTI Report

Nigeria has recorded a 39.1% reduction in terror-related deaths, according to the 2020 Global Terrorism Index (GTI) report.

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The 2020 Global Terrorism Index (GTI) report, published annually by the Institute for Economics and Peace (IEP), based in the United States, indicates that terrorism incidents in Nigeria fell by 27% in 2019.

This represents the lowest level of terrorism in Nigeria since 2011, with terrorism deaths in Nigeria reduced to 1,245 last year – a 39.1% dip from the 2,043 deaths recorded in 2018.

Despite the overall decline in terrorism in Nigeria last year, the country is still ranked as the third most impacted country in the world by terrorism, a position it has maintained for five consecutive years since 2015.

According to the latest annual GTI report, Afghanistan and Iraq are respectively the first and second most affected countries by terrorism.

Highlights of the report

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  • The decline in both terrorism incidents and deaths in Nigeria is attributed to a significant reduction in violence by armed Fulani herdsmen.
  • The armed herdsmen are being held accountable for majority of terror-related deaths in 2018, with the latest GTI report showing a 72% decline in fatalities attributed to the herdsmen last year.
  • Terror-related deaths and incidents attributed to Boko Haram in Nigeria increased by 25% and 30% respectively from the prior year.
  • Over the past year, Boko Haram increased attacks on military targets, with deaths rising from 26 in 2018 to 148 in 2019.
  • Globally, deaths from terrorism fell in 2019 to 13,826. This represents a 15% dip from the previous year and the fifth consecutive year of decline since peaking in 2014.
  • Conflict remains the primary driver of terrorism, with over 96% of deaths from terrorism in 2019 occurring in countries that are already in conflict.

What you should know

  • GTI report is published annually by the Institute for Economics and Peace (IEP) based in the United States.
  • The GTI report, now in its eighth year, ranks 135 countries according to how they are impacted by terrorism. The indicators used by the GTI include the number of terrorist incidents, fatalities, injuries and property damage.
  • Boko Haram, the deadliest terrorist group in Nigeria ranks second in the world, behind the Taliban in Afghanistan.
  • There are 63 countries in 2019 that recorded at least one death from a terrorist attack and 17 countries that recorded over 100 deaths from terrorism. However, only Afghanistan and Nigeria recorded over 1,000 deaths and both countries had significant reductions in the number of people killed in 2019.
  • Globally, the report estimates the economic impact of violence, including military, homicide, incarceration and terrorism to be $14.5 trillion in 2019. This is the equivalent of 10.6% of global GDP. The global economic impact of terrorism alone was estimated to be $26.4 billion last year.
  • There are emerging new threats of politically-induced terrorism in North America, Western Europe, and Oceania, though with minimal fatalities.

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