Nigeria Establishes New Initiative To Track Government Assets And Prevent Theft

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According to Nigeria’s Finance Minister Kemi Adeosun, the federal government has decided to establish a new initiative designed to track existing government assets by locating, identifying, assessing and evaluating all its moveable and immovable assets of the federal government.
The initiative called “Asset Tracking and Management Project” will register and track all government assets to prevent theft of government property and making planning and control easier and improve accountability for assets.
Nigeria's Finance Minister_Kemi Adeosun pic 1
Nigeria’s Finance Minister  Kemi Adeosun
The theft of government property is a frequent and costly occurance in Nigeria and needs to be curtailed. According to the News Agency of Nigeria, some retired directors of the Federal Ministry of Water Resources illegally kept 40 government vehicles which have been recently recovered by the Independent Corrupt Practices Commission (ICPC). Further, the Economic and Financial Crimes Commission (or EFCC), also reports it recovered 40 Sports Utility vehicles from a Permanent Secretary who served in the Federal Ministry of Power and is now retired….Read more here:


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February 24, 2015
By Tom Okure, PH.D

Who Exactly is Femi Fani Kayode

If you are confused while watching these videos and the speaker Femi Fani Kayode (A Nigerian Politician), You Are Not Alone… Who Exactly is Femi Fani Kayode….Watch, Read and Learn about him:



Channels Television:
Politics Today: Fani-Kayode Says He Saw Evil, Monster In The APC Part 1

The Campaign Director of the Peoples Democratic Party presidential Campaign, Mr Femi Fani Kayode, says the monster, darkness and evil that he saw in the All Progressives Congress made him leave the party when he left the party.

Learn More About Femi Fani Kayode

Follow These Links






On the Issue of lack of functioning oil refineries in Nigeria and the importation of refined oil products.

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Keeping it Real ……African Update … On the Issue of lack of functioning oil refineries and the importation of refined oil products in Nigeria.

Source: Sahara TV
(Keeping It Real With Adeola: Episode 144) [NNPC To Scam Nigerians For Another 20 Years]


Political Cartoon and Satire depicting a recent pension law for Akwa Ibom State Governors and their deputies.

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Political Cartoon and Satire depicting a recent pension Law for Akwa Ibom State governors and their deputies.

Assembly Make the Bed, Governor LIES on it  ~ Cartoon Attribution: Mike Asukwu
Assembly Make the Bed, Governor LIES on it ~ Cartoon Attribution: Mike Asukwu

Political Cartoon and Satire depicting  a recent pension bill for State governors and their deputies passed into law in Akwa Ibom State of Nigeria. The bill has many  controversial provisions including  N100 million annual medical allowance for every past governor; N30 million for a former deputy governor; N5 million monthly allowance (N60 million annually) to  a former governor for his domestic staff and a 5-bedroom mansion in Uyo or Abuja for every former governor.

9JA+AKSG_Assebly_The Faces of Shame
Members of the State Assembly in Awka Ibom State allegedly responsible for approving a controversial pension bill that provides a pension for life at a rate equivalent to the salary of the incumbent governor to a former governor and deputy.


Many Nigerian state legislatures are rubber stamp legislatures operating to please the Executive Governor of the state. Nigerian state legislatures do not appear to assert their legal authority as it relates to the “power of the purse” vis a vis the Executive Governor. As this Akwa Ibom State pension bill proposed by the governor and passed into law clearly reveals, the Akwa Ibom State Assembly failed to exert its legislative oversight function and prerogative over executive spending of state funds. This bill is alleged  to have received a record accelerated hearing  by the state Assembly through a May 15 letter with reference number GHU/AKS/S/104/338, and passed 10 days after. On record, this bill  is alleged to be the fastest bill ever passed by the Akwa Ibom Assembly and was fast forwarded for consideration before it was first read. The pension law will become  effective on  June 1, 2014.

In any civilized society, a state governor cannot impose its will on the legislature or judiciary which are coequal arms of the state government. The weakness of state legislatures in Nigeria to effectively perform their oversight function allows state governors to spend huge amounts of unmonitored public funds without accountability.  Having control over the state purse, many Nigeria state governors spend public funds as if it is their personal funds. They are unilaterally able to freely spend state budgetary resources as they lavishly like and siphon huge amounts of public funds through their cohorts into their personal accounts overseas for their personal use and self-enrichment.

Weak State Unicameral Legislatures with Inadequate Checks and Balances in Place

The Legislature is especially weak at the State and Local Government level in Nigeria. This may be in part due to the fact that it is unicameral as opposed to bicameral in nature.  In a bicameral legislature there are two houses in place — the House of Representatives (or Assembly) and the Senate. In a unicameral Legislature there is only one House of Representative.  The unicameral legislature has a tendency to be weak especially when it is dominated by one party and the Executive (Governor) is also from the same party. In this circumstance, most legislation and resolutions introduced by the Executive simply sail through without much opposition. The inherent and difficult challenges that an Executive would typically face, for example,  in trying to pass a state budget or get legislation approved is lacking in the unicameral legislature. This is because in a state unicameral legislature, there are insufficient checks and balances from the opposition. Under these circumstances, an Executive could seek and obtain approval for a dubious budget without stringent budgetary scrutiny and legislative spending oversight.


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Source: Nigerian News Agency (NAN-H-105)
Date: Uyo, May 26, 2014 (NAN)


GovAkpabio1The Akwa Ibom House of Assembly on Monday passed former Governor and Deputy Governor’s Pension Bill 2014 into law.
The executive bill, which had earlier passed the first and second reading, was presented for deliberations at committee of the whole at plenary.

The bill seeks a pension for life at a rate equivalent to the salary of the incumbent governor to a former governor and deputy.

The law also provides for a former governor a sum not exceeding N5 million per month to employ domestic staff while the deputy gets N2.5 million for the same purpose.

A former governor will also be entitled to free medical services for himself his spouse at a sum not exceeding N100 million per annum and N50 million for a former deputy governor.

The bill also seeks to provide for a former governor a befitting accommodation not below a 5- bed room maisonette in either Abuja or Akwa Ibom.

The bill also provides for yearly accommodation allowance of 300 per cent of annual basic salary for an ex-deputy governor.

A former governor will also receive a severance gratuity of 300 per cent of annual basic salary as at the time he leaves office.

After a debate by members, the deputy house leader Dr Ekaete Okon (PDP) moved a motion for the bill to be read the third time and passed into law.

The motion was seconded by Mr Aniekan Akpan (PDP-Ukanafun).

After the passage the Speaker, Mr Samuel Ikon, directed the clerk of the House to forward a clean copy of the bill to the governor. (NAN)


Jonathan’s Government Incompetent and Callous, Says Economist Magazine

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Jonathan’s Government Incompetent and Callous, Says Economist Magazine

Date Posted: May, 09 2014,
Source: Sahara Reporters, New York

The highly influential Economist magazine has accused President Goodluck Jonathan’s government of

By Saharareporters, New York
By Saharareporters, New York

incompetence, callousness and corruption. In addition, the publication blamed the festering scourge of terrorist activities by the Islamist group, Boko Haram, largely on Mr. Jonathan’s inaction and indifference.

In its current edition, the magazine criticized the Jonathan administration for its reluctance to accept foreign help in the past in order to battle Boko Haram insurgents rampaging in the northeast of Nigeria. The publication also berated the president’s wife, Patience Jonathan, for ordering the arrest and detention of protesters demanding action by the Federal Government to rescue the abducted schoolgirls.

The full statement by the Economist is reproduced below:
Kidnappings In Nigeria -A clueless government

FOR the past few years President Goodluck Jonathan has publicly shrugged off the deaths of thousands of people, mainly in the north-east of his country, portraying them as the unfortunate but unavoidable result of a fanatical insurgency for which his government cannot be blamed. But in the past few weeks the plight of 200-plus girls abducted from a school by Boko Haram, the extremist group chiefly responsible for the mayhem, has put Mr Jonathan and his government under an international spotlight, exposing them not only as incompetent but callous, too.

As outrage spread beyond Nigeria’s borders, Barack Obama and other Western leaders, hitherto watching more or less silently from afar, have felt obliged to offer help as well as sympathy. West African leaders, led by Ghana’s president, have expressed unusual solidarity. The surge of global horror mixed with curiosity and bafflement was particularly embarrassing, at a time when Mr Jonathan was about to host a glamorous gathering of leaders, including China’s prime minister, at the World Economic Forum in Abuja, his capital, where he was hoping to celebrate the recent international re-evaluation of Nigeria’s economy as by far the biggest in Africa, well ahead of South Africa’s.

Not that there was the slightest sympathy for Boko Haram and its maniacal leader, Abubakar Shekau, who purported to be the man pictured in a video released on May 5th, making blood-curdling threats to kill all Christians. “I took the girls,” he declared, standing in front of a tank, flanked by masked men in uniforms. “By Allah I will sell them in the marketplace…I will marry off a woman at the age of 12. I will marry off a girl at the age of nine.” Some of the girls, it has been speculated, may already have been forced to marry their abductors for a bride-price equivalent to $12. The UN warned members of Boko Haram, which means “Western education is forbidden”, that if they carried out their leader’s threat they would be committing war crimes.

The girls, abducted on April 14th from a school in Chibok, a town in the north-eastern state of Borno, are probably being held in a rebel stronghold. One of these is in the dense Sambisa forest, 60,000 square kilometres (23,000 square miles) in area, south of Maiduguri, Borno’s capital. The other is in the Gwosa mountains, which straddle the cave-ridden border with Cameroon.

Boko Haram, which was founded in 2002 but began its violent insurgency in 2009, has been responsible for at least 4,000 deaths, mostly in the north-east. But it has also demonstrated an ability to strike at the centre of the country, setting off a bomb last month at a bus station in Abuja, killing at least 70 people, and another one on May 2nd near a police checkpoint, also in Abuja, killing around 20. The capital is now beset with checkpoints, snarling up traffic just when the government wants to show off the place to its foreign visitors.

In recent months Boko Haram has been aiming with increasing ferocity at soft targets such as schools and marketplaces, though it had not previously attempted a mass abduction. On May 5th, however, it was reported that it had kidnapped another eight girls from elsewhere in Borno. On the same day it was reported that Boko Haram had killed 300 people in the Borno town of Gamboru Ngala. Most secondary schools in the state had been closed before the mass abduction, for fear of an attack, but the education authorities had convened the girls at a boarding school so that they could take their final exams.

As worldwide outrage grew over the abductions, the American and British governments offered to help. A White House spokesman said that experts in intelligence, hostage negotiation and victim assistance would fly to Nigeria. The British offered to send surveillance aircraft along with soldiers from its special forces.

The Nigerians have been loth to accept such help in the past and are wary of perceived encroachments on their sovereignty. America has operated drones from a base in neighbouring Niger since 2012, but Nigeria’s government has long refused American requests to be allowed to do the same from Nigerian territory. Moreover, Nigerians are proud of their army, the biggest in Africa, with its long history of contributions to peacekeeping missions, most recently in Mali. And they are also notably secretive and prickly about its operations—and the low standards of soldiery which foreign experts would see. Though Mr Jonathan declared a state of emergency in the north-east a year ago, his army has dismally failed to defeat Boko Haram.

Indeed, it has itself perpetrated numerous atrocities against civilians suspected of harbouring or lending sympathy to the rebels, who thrive among embittered young Muslims in the north, the poorest part of the country. The army was widely castigated after a military counter-attack on March 14th following an attempted jailbreak by suspected members of Boko Haram detained at a barracks in Maiduguri. According to hospital sources, around 500 people were killed, mainly at the hands of soldiers. Such human-rights abuses by the Nigerian army make Western governments edgy about offering to join the fray, for fear of being deemed complicit.

Corruption, Nigeria’s great scourge, is another reason for foreign military advisers to keep their distance. Nigeria’s soldiers say that commanders pocket the bulk of their salaries, leaving them with little incentive to fight a well-equipped guerrilla movement that knows the rugged terrain and forests. Why risk death at the hands of Boko Haram for no reward? It is hard, in such conditions, to see how outsiders could raise Nigerian troops’ morale, let alone improve their military skills.

Patience not always a virtue
Perhaps the worst aspect of the Nigerian government’s handling of the abduction is its seeming indifference to the plight of the girls’ families. It took more than two weeks before Mr Jonathan addressed the matter in public. His government’s sluggish response and its failure even to clarify how many girls had been abducted provoked protests in several cities across Nigeria—itself an unusual event.

To make matters worse, the president’s wife, Patience, ordered the arrest of two leaders of the protests, bizarrely accusing them of belonging to Boko Haram and of fabricating reports of the abduction to smear the government. In a televised broadcast on May 4th, the first lady, who holds no official position, warned against further such marches. “You are playing games,” she said. “Don’t use schoolchildren and women for demonstration again. Keep it to Borno, let it end there,” the official News Agency of Nigeria reported.

Such statements do not give the impression that Mr Jonathan or his colleagues, who face elections next year, take the worries of ordinary Nigerians to heart.


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Source: NAN-HE-19
Date May 8, 2014

Abuja, May 8, 2014 (NAN) The Federal Government on Thursday said it had directed the Auditor-General of the Federation and Price WaterHouse to undertake forensic auditing of the alleged missing 20 billion dollars oil money.

Minister of Finance, Dr Ngozi Okonjo-Iweala
Minister of Finance, Dr Ngozi Okonjo-Iweala

The Minister of Finance, Dr Ngozi Okonjo-Iweala, announced this when at a panelist discussion on the topic: “Africa Rising’’ at the ongoing 24th World Economic Forum on Africa, in Abuja.

The Forum with theme: “Forging inclusive growth, creating jobs’’ is being attended by over 1,500 delegates from over 70 countries.

The News Agency of Nigeria (NAN) recalls that the suspended Central Bank Governor, Malam Sanusi Lamido Sanusi, had alleged that the Nigerian National Petroleum Corporation (NNPC) had failed to remit 20 billion dollars to government coffer.

Okonjo-Iweala said the exercise which started last week, would be carried out within a period of 16 weeks.

According to her, the auditors are to assist in unraveling mysteries surrounding the unaccounted 20 billion dollars.

“The issue of holding government to account, I don’t think Nigerians are laying back. We need that transparency and we welcome it.

“The (suspended) CBN Governor raised issues on unaccounted amount from the federation account.

“We at the ministry of finance have for two years been reconciling these figures with the NNPC to know what they are supposed to remit to the federation account.

“Our feeling is that the only way is to have a forensic audit that would let Nigerians know the truth on the issue.

“There is a forensic audit that the government has approved, and it is being done by PwC under the supervision of the Auditor-General for the Federation.

“The auditors said they need 12 to 16 weeks to do that, and all these would be clarified,’’ she said.

On poverty and inclusive growth, Okonjo-Iweala said the nature of economic growth in the continent had not been inclusive enough, adding that more needed to be done to change the quality of economic growth.

“It is obvious that the quality of our growth is not good enough because we are rising with inequality and without creating jobs for our people.

“We need to get people to go into farming through `Nagroprenuers’ where 750,000 youths would be encouraged to go into agriculture.

“Africans want decent jobs and we should admit that we have those at the bottom who can’t get decent jobs, so we need to create social safety nets to take care of this.

“We also need to look at building skills for our young people,’’ she said.

The minister also added that the federal government was working hard to address the issue of infrastructure, saying that a Development Finance Institution would be unveiled before the end of the year.

The institution, she said, would provide long term funding of up to seven to 15 years to address the developmental needs of the country.

NAN reports that a minute silence was observed at the various meetings to support effort at rescuing the Chibok girls. (NAN)