How We Are Spending Recovered Loots- Buhari

President Muhammadu Buhari has disclosed that his administration is channelling the recovered funds towards the development of critical infrastructure and the implementation of social inclusion programmes for Nigerians.

Buhari disclosed this Tuesday while presenting Nigeria’s Statement at the 71st Session of the United Nations General Assembly (UNGA71) in New York, on the theme, “Sustainable Development Goals: a Universal Push to Transform the World”.

He told world leaders that corruption freezes development and undermines the attainment of the Sustainable Development Goals (SDGs).

Buhari, who reiterated that fighting corruption remained a cardinal pillar of his administration, expressed delight that the anti-corruption campaign had started yielding positive dividends including significant recovery of stolen assets.

The president said the capacity of government agencies was being strengthened to institutionalize reforms that would ensure transparency and good governance.

According to him, Nigeria will continue to call for speedy and unconditional recovery of illicit assets stashed abroad.

“Nigeria supports the development of an international legal framework to enforce anti-corruption measures and strengthen existing international institutions to effectively deal with corrupt practices,” he stated.

President Buhari noted that Nigeria was not spared the adverse effects of the current global economic downturn.

He said his government remained undeterred and had embarked on comprehensive diversification reforms by shifting emphasis to non-oil sectors of mining, agriculture, industrialisation, infrastructure development and the creation of the enabling environment for Foreign Direct Investment.

Read More: dailytrust

Arase Makes Case For Local Breed, As Dog Spending Hit N600m

The Nigerian Police Force spent over N600 million for the procurement and maintenance of foreign dogs in the country.

The  Inspector General of Police (IGP) Solomon Arase,  disclosed this at the commissioning of the ultra-modern mounted troop/veterinary complex and state of the art dog breeding centre, yesterday in Abuja.

According to him, the construction of the Dog Breeding Centre was to aid the Nigeria Police acquire capacity to locally breed police dogs and be self-reliant in dog breeding as well as maintenance in a cost effective manner.

Arase lamented that huge funds were being expended on importation of dogs from foreign countries,  even though  some of these dogs rarely adapt to Nigeria’s policing climes, saying, “This is certainly not sustainable especially in the face of dwindling resources.”

Meanwhile, he disclosed that  in support of  government  policy on Made-In-Nigeria Goods, the Nigeria police has adopted Binggo Dog food for their dogs to help the naira and general economy.

Arase said the construction of the Dog Breeding Centre was to aid the Nigeria Police acquire capacity to locally breed police dogs and be self-reliant in dog breeding as well as maintenance in a cost effective manner.“The initiative is also designed to, in the long-term, support the operations dog requirement of sister law enforcement organisations, armed forces as well as breeding of friendly puppies for the civilian population on commercial basis. This is with the intention of evolving the centre into a self-sustaining dog breeding centre as practiced in other climes.

“The breeding centre being commissioned today has the capacity to conveniently breed and supply police dogs to the entire West African sub-region and it is projected that at optimal breeding capacity, it can produce well above 200 dogs per year. “With this commissioning, procurement of dogs for policing activities from foreign countries would now become a thing of the past.

Presidency Denies Spending N6b For Maintenance Of Presidential Jets, Gives Correct Figures

The presidency has vehemently refuted the reports in several quarters that a huge sum of N6b had been lavished on the Maintenance of presidential Air fleet (PAF) in the last 6 months.

The presidency spoke through the Senior Special Assistant to the president on media and publicity, Mallam Garba Shehu.

Shehu in a statement said that only N2.3b had been spent contrary to the figures making the rounds.

He regretted that the president has had to be distracted by some “fictional report”, which he had “caused the government a lot of negative reviews especially in the online media”.

The statement further stated thus: “The government is focused on solving the many major issues our country faces in the areas of the economy, corruption and security. Yet almost every week, the Presidency has to also deal with the distractions which do nothing but distract from the task of government.

“Referring to documents he had requested from the Operational Office of the Presidential Fleet after his attention was drawn to the speculative report, Malam Shehu pointed out that the sum of N2.3 billion was released to the Presidential Air Fleet (PAF) by the office of the Accountant General of the Federation between May and November 2015. This includes releases for personnel cost, overhead and capital expenditure out of the sum of N5,190,381,386.00 appropriated for PAF on the 2015 budget.

“The documents also showed that the sum of N2,127,103,086.66 had so far been expended, leaving a balance of N172,568,912.34 from the amount released.

“However, the sum of N149,062,791.12 was transferred from the PAG’s operation account to the Treasury Single Account, following the President’s recent directive,” he said.

“He added that the sum of N23,801,122.17 remains unutilised out of the funds so far released. During the period 31 May 2015 till date, the Fleet expended the sum of N1,358,910,962.75 to settle outstanding liabilities carried over from last year till May 2015. Furthermore, the sum of N500 million was refunded to the office of the National Security Adviser, NSA for financial support rendered to the Fleet prior to release of funds from the OAGF.

“Thus, the Fleet expended the sum of N449,081,037.25 within the last months comprising N98,500,218.00 for operations, N165,373,176.91 on training and N85,500,116.75 on personnel medicals and overhead. Additionally, the sum of N99,715,493.51 was expended on aircraft maintenance, spares, and subscription services required for operations.

“Any of these documents could have been made available had the newspaper reached out to me or to any one of my colleagues. The damage to the image of government and the good management of the Presidential Air Fleet could have been avoided”.

Credit: Vanguard

House Uncovers Extra Budgetary Spending

The House of Representatives has questioned an extra budgetary spending of over 222 billion Naira for fuel subsidy by the Executive.

The Chairman of the Ad-hoc committee on the Non-Implementation of the Capital Component of the 2015 Budget, Aliyu Pategi, made the discovery during a presentation from the Ministry of Finance on Tuesday.

The committee once again queried the presentation from the Ministry of Finance and the agencies that appeared before the committee.

The Chairman of the House Committee, inquired if a figure of 222 billion Naira said to be spent on fuel subsidy crisis was contained in the budget.

The lawmakers also queried an extra 615 billion Naira loan raised by the Executive without recourse to the National Assembly.

Read More: channelstv