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No hidden $470.5m LNG fund in any bank – NNPC

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The Management of the Nigerian National Petroleum Corporation, NNPC on Friday said it does not run any opaque account with the commercial banks and there was neither $470.5m or N8billion of its money hidden anywhere.

The state oil company was reacting that a sensational report by the Inspector General of Police, Ibrahim Idris that its men helped to trace the money in some unidentified banks.

He said the money was kept there to avoid the Treasury Single Account policy of government.

The corporation said the police got their report mixed up.

In a Statement by spokesman Ndu Ughamadu, the the NNPC countered with an informed perspective about the money, dismissing the police angle as not only misplaced but equally misleading.

While confirming that a few commercial banks are yet to complete remittance of US dollar deposits to the Treasury Single Account (TSA), Ughamadu stated unequivocally that the Corporation had no funds hidden in any commercial bank.

He said the Presidency, the Office of the Accountant-General of the Federation, (AGF) and the Central Bank of Nigeria, (CBN) were fully aware of, and received periodic status reports on balances yet to be remitted to TSA by commercial banks.

According to him, following TSA implementation, the Corporation had made a report to the Presidency on the failure of some commercial banks to complete transfer of US dollar deposits and a Presidential directive was issued for the Central Bank of Nigeria to ensure that the funds were completely transferred to the Corporation’s Treasury Single Account in US dollars.

“Most of the commercial banks have since complied with the Presidential directive and completed transfer to the Corporation’s Treasury Single Account in US dollars, including the reported $470.5 million.

“On the purported recovery of N8 billion by the Nigeria Police Force, the Corporation is not aware of any change in the subsisting Presidential directive to the effect that all of the US dollar balances must be transferred to NNPC’s CBN Treasury Single Account in US dollars. In addition, no such funds have been deposited into the Corporation’s CBN Treasury Single Account.

“Consequently, NNPC’s record of the US dollar funds still yet to be transferred by a few commercial banks cannot reflect the said recovery.

“While the Central Bank of Nigeria executes the Presidential directive to ensure complete transfer of US dollar funds to the Corporation’s CBN Treasury Single Account, it is pertinent to reiterate our earlier position that NNPC will resist every attempt to subject these funds, which have been in the full view of Government, to five percent whistle blowing fees as this would be unreasonable and a sheer waste of public funds.

“The NNPC noted that as an entity with fiduciary responsibility to the government and people of the Federal Republic of Nigeria, its commitment to transparency and accountability remains unwavering”.

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P+ Measurement extends partnership with Global Communications Agency

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Phillips Odiakose

Media monitoring and evaluation agency, P+ Measurement Services has announced an extension of its media monitoring and evaluation partnership with global communications firm, Burness Communications for 2019. The extension will enable P+ to continue providing print, online, TV and radio monitoring and evaluation services to Burness in the Ghana market.

In a bid to continue the successful rollout of the partnership signed in 2017, P+ will continue to handle Burness Communications client public relations monitoring and evaluation activity while supporting their organizations objectives. Burness Communications specializes in advocacy campaigns, media relations, public policy engagement and event planning and P+ will help the brand maximize its communications objectives by providing real-time, high-quality media monitoring and evaluation services.

Speaking about the partnership extension, Lead Consultant P+ measurement services Nigeria, Philip Odiakose said.  “We are delighted to extend what has been an excellent partnership with Burness Communications to improve the availability of reliable, cost-effective media monitoring services across Africa. The media monitoring and evaluation market is a growing market and with the right frameworks and experts in place we believe we are on the right path to redefining the market with quantitative and qualitative analysis that adds value to marketing communications.“

“As we said at the start of this partnership, it remains true that the media monitoring and analytics market offers huge potentials to stakeholders. With the right partners providing support in the areas of media planning, analytics and reporting we believe we can help our clients make a difference in their business”. He continued.

Nigeria’s fast-growing media intelligence agency P+ Measurement Services continues to spur a PR measurement and evaluation literacy campaign for brands and government agencies in a bid to standardize a procedure that enables stakeholders to understand that implementing the right measurement and evaluation program will help companies get a clearer understanding of consumer habits and sentiment toward brand products and services.

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FMBN disburses N114.5m home renovation loan to 139 beneficiaries in Yobe

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FMBN

The Coordinator, Federal Mortgage Bank of Nigeria, in Yobe, Abdu Goni, has said the bank has disbursed N114,500,000.00 as home renovation loan to 139 staff of Federal Medical Centre, Nguru.

The coordinator disclosed this yesterday while presenting cheques to the beneficiaries in Damaturu.

He said the loan, which is under the bank’s Home Renovation Loan scheme, followed a Memorandum of Understanding MoU)  signed with their employers.

Goni explained that the loan has six percent interest rate and is repayable in five years.

“Already federal government employees in 35 states of the federation and the FCT have benefited with exception of Yobe state.

“Contributors can borrow from one naira up to N1 million to renovate their homes. We solicit Yobe state government’s cooperation and understanding toward assisting and encouraging the employees who are contributing to the NHF scheme to also benefit from this window,” he appealed.

He commended the administration of governor Gaidam for according priority to welfare of its workers in terms of prompt payment of salary and gratuity and allocation of houses on owner-occupier basis.

Earlier, the special guest of honour, Governor Ibrahim Gaidam, who was represented by Permanent Secretary, Establishment, Bukar Dapchi said the government would look into the issues raised with a view to assisting its workers benefit from the loan.

Source: DailyTrust

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PDP alleges plots to arrest Atiku, Obi, Saraki, Dogara

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PEOPLE’S Democratic Party (PDP) National Chairman Prince Uche Secondus has raised the alarm, alleging plots by the Economic and Financial Crimes Commission (EFCC) to arrest some key leaders of the opposition party on trump up charges.

Secondus listed the PDP presidential candidate, Atiku Abubakar; his running mate, Peter Obi; Senate President Bukola Saraki and House of Representatives Speaker Yakubu Dogara and the party’s other leaders as some of those marked for arrest.

But, the Presidency denied the reports claiming that the Buhari-led government ordered raid on the home of PDP presidential candidate’s son and the alleged blockage of the Obi’s bank accounts and his family.

A statement by the Senior Special Assistant on Media and Publicity, Garba Shehu, said the reports are manifestation of the PDP’s growing expertise in fake news.

He called on the public to disregard the reports.

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