TSA: NNPC Denies Operating Hidden Accounts in Commercial Banks Skye Bank, UBA refute allegation of concealment of funds Chineme Okafor in Abuja and Obinna Chima in Lagos The Nigerian National Petroleum Corporation (NNPC), yesterday denied reports that it colluded with some commercial banks
in Nigeria to prevent the remittance of $793.2 million into the federal government’s Treasury Single Accounts, (TSA), saying such claims were untrue and misleading. This is coming on the heels of
the official statements by Skye Bank Plc and the United Bank for Africa Plc (UBA) refuting allegations of contravening government’s TSA policy as alleged by a Federal High Court in Lagos on Thursday.
The NNPC in a statement from its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, in Abuja stated that it had earlier taken steps to inform the Presidency, Office of the Accountant-General of
the Federation (AGF), as well as the Central Bank of Nigeria (CBN) of the existence of the said accounts prior to the creation of the Asset Recovery Account by the government. It explained that it would
be totally out of place to move the funds to the Asset Recovery Account of the government because they are genuine funds that were disclosed to the Continued on page 8
Onagoruwa, Former AGF Dies at 80... Page 10 Saturday 22 July, 2017 Vol 22. No 8129. Price: N250
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Hate Speech, Disinformation Capable of Inciting violence, Says Lai Mohammed Seriki Adinoyi in Jos The federal government has expressed concern over the
alarming rise in hate speeches in the country, especially among the political class, warning that it could consume
the nation if not immediately checked. Minister for Information, Lai Mohammed, who gave
the warning yesterday in Jos, Plateau State at the opening ceremony of an extra-ordinary meeting of the National Council
on Information, feared that hate speech and disinformation as seen in Nigeria today were capable of destabilising the
system, inciting people to violence and weakening the Continued on page 8
Senate Alleges N30tn Leakage in Customs, Others, Queries NPA over 282 Missing Vessels Issues 4-day ultimatum to Hadiza to honour its invitation
Damilola Oyedele in Abuja The Senate Joint Committee on Customs, Excise and Tariff, and Marine Transport has queried the Nigerian Ports Authority over 282 vessels allegedly missing from the nation’s sea ports. This is as the committee frowned at the failure of the Managing Director of the NPA, Ms. Hadiza Usman, to appear before it, at two consecutive meetings despite invitations extended to her. The Chairman of the joint Committee, Hope Uzodinma, speaking yesterday during the investigative hearing on the alleged N30 trillion leakages in Customs and other agencies, said the committee would consider it to be a financial crime, if Usman fails to provide the explanations required of her. The committee subsequently issued a four day ultimatum to Usman to provide explanation on the whereabouts of the missing vessels. “We are looking for these
vessels. We have the dates of arrival, the ports of discharge and manifest. Everything is with us, but from information available to us, no money was collected by either the Customs, the NPA or any other person. So, you have four days to do your written explanation otherwise we will consider it a financial crime,” Uzodinma said. “There are also recent missing vessels that we discovered. I mean recent ones that happened under the new management. The NPA is the custodian of the vessels, it received the cargoes and the terminal is theirs. We want to know under whose authority the cargoes were released,” Uzodinma added. The Senator also disclosed that the committee's preliminary investigations have revealed that the activities of a cabal at the ports had cost the country over N30 trillion in loss of revenue. The cabal, he said, connive with officials to carry out the Continued on page 8
4000 Nigerian Girls Arrived Italy, May End up as Sex Workers, Says UN Agency.. Page 10
PROVIDING FREE HEALTHCARE FOR WOMEN... L-R: President, Society of Gynecology and Obstetrics of Nigeria (SOGON), Prof Joseph Adinwa; former governor of Ondo State/guest lecturer, Dr. Olusegun Mimiko; and President, Association of Fetomaternal Medicine Specialists of Nigeria (AFEMSON), Prof Oluwafemi Kuti at the maiden Scientific Conference of AFEMSON, at Lagos State University Teaching Hospital (LASUTH), Ikeja, Lagos ...yesterday
Lagos LG Polls Hold Today as Police Warn against Use of Firearms ...Page 10