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ITF Summoned Over N12bn Discrepancy, NERC Pressed On N39bn Contract

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In an effort to address financial discrepancies, the House of Representatives has mandated the Industrial Training Fund (ITF) to provide details regarding a budget difference of over N12 billion as of December 31, 2022.

The directive was issued by the chairman of the House Committee on Finance, Hon James Falake, when the management of the ITF appeared before it for the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper interactive session in Abuja.

Hon Falake voiced deep concern over the ITF management’s failure to engage in revenue generation from the 128,000 private and public quoted companies operating in Nigeria.

Following a thorough review of multiple financial statements submitted to the Committee, Mr. Faleke questioned the discrepancy in the ITF’s audited report, revealing a deficit exceeding N12 billion.

He pointed out that this variance was evident in the accrued budget actuals reported by the Auditor General for the same period.

Hon Faleke raised concerns about the ITF’s 2022 operating expenditure of N39.8 billion compared to total revenue of N45.1 billion, especially considering the organisation’s nationwide staff count of only 2,691.

He cautioned that if the ITF doesn’t explain the difference within 24 hours, the fund might be compelled to refund the entire N3 billion to government coffers.

Director of Finance and Accounts, ITF, Safiya Mansur, explained that the Fund derived its revenue from the one percent training contributions from both public and private companies.

She pointed out that out of the 128,000 registered contributing companies, only 57,000 are currently up to date with their contributions.

In an effort to enforce compliance, she noted that the ITF increased monitoring of non-compliant companies, some of which pursued legal action, ultimately resolved with the intervention of the previous house committee.

Additionally, Hon Falake pressed the Nigeria Electricity Regulatory Commission (NERC) to clarify the registration of a company with no delivery capacity yet allocated N39 billion for supplying prepaid meters.

In another development, the House further called on the Nigeria Communications Commission (NCC) to clarify, within 72 hours, the reasons behind its failure to remit approximately N291 billion in revenue to the Consolidated Revenue Fund of the Federation from January 2022 to September 2023.

The NCC explained that the N291 billion was utilized for broadband connection in public spaces like markets.

Hon Faleke highlighted that Ziglasis, a company contracted by the Federal Ministry of Power, received N39 billion for supplying prepaid meters but failed to deliver on the project despite receiving the funds.

The committee raised questions about the electricity regulator licensing a company that failed to fulfill its contractual obligations despite receiving taxpayers’ money.

The House committee additionally requested the Nigeria Communications Commission to clarify how it utilized N291 billion in 2022 for broadband, considering the expectation that the funds were to be deposited into the Consolidated Revenue Fund.

The committee chairman emphasized that the NCC must present the House with specific information about the broadband projects, including the locations of the three initiatives, and provide necessary details on how the N291 billion was allocated and spent.

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Ogun Cracks Down on School Graduation Parties, Issues Immediate Ban

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Woman Dies After Setting Self Ablaze Over N70,000 Loan In Ogun

The Ogun State Government has banned graduation ceremonies and end-of-session parties in all public and private schools across the state, citing concerns over the financial burden such events place on parents and guardians.

The directive was contained in a circular issued by the Ministry of Education, Science and Technology and signed by the Director of Education (Private Schools), A.A. Bisiriyu.

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According to the ministry, the decision followed reports that some school administrators were allegedly exploiting parents through charges imposed for graduation and end-of-session celebrations.

“It has been brought to the notice of the Ministry that some administrators of both public and non-state (private) schools have started extorting parents/guardians under the disguise of organising graduation/end-of-session parties for learners,” the circular stated.

The government said it would no longer tolerate such practices, stressing that schools must immediately halt the organisation of graduation and end-of-session events.

“Therefore, it is pertinent to state that, the State Government frowns at organising Graduation/End of Session Party ceremony in all classes in both Public and Non-State (Private) schools in the State. Hence, no school owner should organise such gatherings forthwith,” the ministry added.

School owners and administrators were directed to ensure that the new policy is communicated to parents, guardians and other stakeholders to guarantee strict compliance.

The state government also warned that any school found violating the directive would face sanctions in line with existing regulations.

The move comes amid growing efforts by state governments to curb excessive spending associated with school graduation ceremonies. Recently, the Kogi State Government reaffirmed its ban on extravagant graduation events in nursery, primary and junior secondary schools, warning that erring institutions risk closure.

Similar restrictions have also been introduced in states including Benue, Ondo, Osun and Imo as part of measures aimed at reducing financial pressure on parents and regulating school-related celebrations.

The Ogun State Government maintained that the directive takes immediate effect and urged all schools to comply fully to avoid penalties.

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Adeleke Credits Judiciary with Key to Survival of Nigeria’s Democracy

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Osun State Governor, Senator Ademola Adeleke has highlighted the importance of equitable, just and fair administration of justice as a condition for the survival of democracy in Nigeria.

He made the declaration at the 2026 annual national conference of Egbe Amofin Oodua held at Ile Ife where he tasked judicial stakeholders to uphold the rule of law and ethical conduct on both the bar and the bench.

Represented by the Deputy Governor for Osun State, Prince Kola Adewusi, the governor recalled the current challenges facing the democratic process and concluded that the survival of the democratic process can be further enhanced when judicial officials and legal practitioners uphold the ethics of profession.

The governor spoke further in the keynote address: “The legal profession occupies a unique position in every democratic society because it serves as the bridge between power and justice, between authority and accountability and between the government and the governed.

“The theme of this conference, “Advancing Constitutional Democracy, Accountability and Responsible Governance: The Role of Law” goes to the heart of the challenges confronting our nation and indeed, every democratic society.

“Enduring democracy can only flourish where the rule of law reigns supreme. No society can attain sustainable peace, development or prosperity where laws are applied selectively, justice delayed or where citizens lose confidence in the institutions established to protect their rights.

“The Constitution remains the supreme expression of the collective will of the people. Institutions of Government, public office holders and the citizens are subject to its provisions. The strength of our democracy therefore lies not merely in the existence of laws but in our willingness to obey them and our determination to enforce them fairly and impartially.

“The judiciary has rightly been described as the last hope of the common man. However, for the judiciary to remain the hope of the ordinary citizen, its decisions and processes must continually inspire public confidence. The strength of the courts lies not in physical force but in the trust and credibility they command among the people.

“Our judges must therefore continue to uphold the highest standards of integrity, independence, courage and impartiality. They must remain guided solely by the law, the facts before them and the dictates of justice.

“Similarly, legal practitioners must see themselves not merely as advocates for clients but as ministers in the temple of justice whose ultimate responsibility is the preservation of the legal system and the advancement of justice.

“As a society, we must continue to insist on accountability within our justice system. Every perception of bias, favouritism, corruption, undue influence or sentiment in the administration of justice weakens public trust and diminishes the moral authority of the courts.

“Our nation cannot afford a situation where citizens continue to doubt the capacity of the legal system to protect their rights or resolve disputes fairly. Public confidence in the judiciary is one of the most valuable assets of any democracy and must be protected at all costs”, the governor posited.

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Gov Adeleke said the issue of judicial transparency has even become more critical in our electoral and democratic processes, noting that “judicial interventions in electoral matters must continue to be guided by law, evidence, fairness and constitutional principles.

“The confidence of citizens in democratic governance depends substantially on their confidence in the institutions responsible for interpreting and applying the law. When justice is seen to be fair, transparent and impartial, democracy is strengthened. When judicial outcomes inspire confidence, political stability is enhanced and national unity is reinforced”, the governor said in his keynote address.

He urged all stakeholders to remain committed to lawful conduct, democratic values and peaceful engagement, advising that “political competition should never undermine respect for the law or the integrity of our institutions”.

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Navy Uncovers Illegal Crude Oil Storage Site in Delta State

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Personnel of the Nigerian Navy Ship (NNS) Delta have exposed a camouflaged crude oil storage used to perpetrate crude oil theft in the creeks of the Niger Delta.

The naval personnel uncovered the illegal storage site during an operation code-named, Delta Sentinel, following intelligence received on suspected crude oil theft activities around the Ugbokodo Creek area of Delta State.

This was detailed in a statement on Wednesday by the Director, Naval Information, Navy Captain Abiodun Folorunsho.

According to the statement, the naval personnel first carried out a search of the area with the backing of aerial surveillance.

“Although the location initially appeared free of suspicious activity, further observation and analysis of drone imagery revealed a large freshly dug reservoir deliberately concealed beneath leaves, planks, wood, and thick vegetation to evade detection.

“Subsequent exploitation of the site uncovered approximately 17,000 litres of product suspected to be stolen crude oil stored within the camouflaged reservoir”, the statement added.

The Director, Naval Information, added, “The site also showed clear indications of recent crude oil theft and was assessed to have served as a temporary storage point within an illicit supply network.

“The discovery highlights the increasingly sophisticated concealment methods being adopted by criminal elements to sustain crude oil theft operations.

“However, the integration of intelligence-led operations and aerial surveillance capabilities continues to enhance the Nigerian Navy’s ability to detect and disrupt such illegal activities.

“The reservoir, recovered products, and associated materials were handled in accordance with extant operational procedures, effectively denying economic saboteurs access to resources intended to support further criminal activities”.

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The statement assured that the Nigerian Navy remains committed to sustaining pressure on crude oil theft networks under operation Delta Sentinel through persistent surveillance, intelligence-driven operations, and coordinated actions aimed at protecting Nigeria’s energy infrastructure and economic interests.

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