Alleged N600m Fund Diversion: ICPC Quizzes Top Agric Ministry Officials 

*Seizes landed properties, including bakery, herbal hospital, N250 million The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has invited for questioning, four senior officials in the Department of Farm Inputs Supports Services of the Federal Ministry of Agriculture and Rural Development, over alleged diversion of funds meant for monitoring exercise and sensitisation programmes. The civil servants invited by the ICPC are the Director of the Department Mr. Kwaido Sani, Deputy Director Mr. Buba Ardo Ishaku, Mr. Elam Sam, and Head of Accounting Unit Mrs Morenike Damola.  The ICPC invitation was via a letter referenced: ICPC/OPS/GBP/OBS/220, addressed to the Permanent Secretary, Federal Ministry of Agriculture and Rural Development, drawing the attention of the Head, Farm Inputs Support Services Department. The letter dated July 19, 2023 and signed by Akeem Lawal, Director, Operation, on behalf of the ICPC Chairman, was received and acknowledged on July 20, by the office of the Permanent Secretary. Titled: “Investigation Activities”, the Commission stated that it was investigating alleged violation of the Corrupt Practices and Other Relates Offences Act 2000. “Pursuant to Section 28 of the said Act, you are kindly requested to release the underlisted persons to appear before the undersigned at the ICPC headquarters on Thursday, July 20, 2023” the letter stated. Another similar letter referenced: ICPC/OPS/GBP/OBS/222, dated July 21, 2023, was written by the ICPC to the Permanent Secretary (Agric Ministry) for the attention of the Director, Finance and Account. The letter titled, “Investigation Activities” requested Permanent Secretary to release the Director, Finance and Account to appear at the ICPC. “The Commission is investigating alleged violation of the Corrupt Practices and Other Related Offences Act, 2000. “Pursuant to Section 28 of the above Act, you are kindly requested to release the Director, Finance and Account to appear before the undersigned on Wednesday 26th July, 2023 at the ICPC Headquarters Abuja, by 10:00am. “The officer is to come along with Certified True Copies of the under listed documents of ALL payments made to the following staff of Department of Farm Input Support Services Department from 1st January 2022 to date. Kwaido Mohammed S; Buba Ishaku Ardo; Damola Morenike; Elam Sam; Aminu Dayyabu Mohammed; Mohammed Ayuba George and Chimezie Bright” the letter stated. The documents requested by the ICPC were payment vouchers, minutes of authorizing the payment, authority letter to make payment, and any other relevant documents.  It was learnt that the civil servants were arrested in a sting operation in their office and ended up being remanded in the ICPC custody for five days, aside the Director that was released on health ground. A source hinted that a cummulative amount of over N600m withdrawals were made from one of the Director’s account and changed to dollars and allegedly given to the Permanent Secretary.  Asides this, it was learnt that huge sums of money were allegedly moved from the accounts of the department into private accounts of the affected civil servants.  Also, it was gathered that over N200m was found in the bank account of one of the officials that was grilled, while over N100m was found in the bank account of one of his children. A source said that over N250m cash was found in the Abuja house of one of the suspects just as investigation by the ICPC detectives revealed an inflow of over N60m in six months into the bank account of one of the suspects. The ICPC has also seized landed properties, including a bakery and one herbal hospital, it was revealed. In addition, it was said that over N200m was discovered from the account of one of the civil servants, over N100m also found in the child’s account, with over N250m cash found in his house around Lokogoma /Prince and Princess, 2 mansion properties at Karu Abuja, 2 plazas in Abuja; one around Lokogoma and the second at Karu, Abuja, one bakery, one herbal hospital. Also, a building property at Apo resettlement and another at Dawaki, an account linked to 2 companies account with huge sums of money etc were said to have been allegedly linked to the civil servants.  Speaking on grounds of anonymity, a source said, “The world is watching to see how this case will be handled by the ICPC despite overwhelming evidences against the PS, Director, Deputy Director and the other 3 staff. “It appears the investigation of the case has been stalled because the five senior staff of the department has resumed office, carry on as if nothing happened and have also continued work. “Some staff are being targeted and witch-hunted in the Department because of this issue.  “This is to draw the attention of the ICPC Chairman so that Nigerians will know what’s going on and to avoid the image of ICPC not to be tarnished because.” 

FAAC: FG, States, LGs share N966.110bn July allocation

The Federation Account Allocation Committee (FAAC) has shared a total sum of N966.110 billion July 2023 Federation Account Revenue to the Federal Government, States and Local Government Councils.    This was contained in a communiqué issued at the end of the Federation Account Allocation Committee (FAAC) meeting chaired by the Minister of Finance and Coordinating Minister of the Economy, Wale Edun.  The N966.110 billion total distributable revenue comprised distributable statutory revenue of N397.419 billion, distributable Value Added Tax (VAT) revenue of N271.947 billion, Electronic Money Transfer Levy (EMTL) revenue of N12.840 billion and Exchange Difference revenue of N283.904 billion.    In July 2023, the total deductions for cost of collection was N62.419 billion and total deductions for savings, transfers, refunds and tax credit cancellation was N717.962 billion.  The balance in the Excess Crude Account (ECA) was $473,754.57 The communiqué stated that from the total distributable revenue of N966.110 billion; the Federal Government received N374.485 billion, the State Governments received N310.670 billion and the Local Government Councils received N229.409 billion. A total sum of N51.545 billion was shared to the relevant States as 13% derivation revenue.  Gross statutory revenue of N1150.424 billion was received for the month of July 2023. This was lower than the sum of N1152.921 billion received in the month of June 2023 by N2.497 billion.   From the N397.419 billion distributable statutory revenue, the Federal Government received N190.489 billion, the State Governments received N96.619 billion and the Local Government Councils received N74.489 billion. The sum of N35.822 billion was shared to the relevant States as 13% derivation revenue.   For the month of July 2023, the gross revenue available from the Value Added Tax (VAT) was N298.789 billion.  This was higher than the N293.411 billion available in the month of June 2023 by N5.378 billion.    The Federal Government received N40.792 billion, the State Governments received N135.974 billion and the Local Government Councils received N95.181 billion from the N271.947 billion distributable Value Added Tax (VAT) revenue. The N12.840 billion Electronic Money Transfer Levy (EMTL) was shared as follows: the Federal Government received N1.926 billion, the State Governments received N6.420 billion and the Local Government Councils received N4.494 billion. From the N283.904 billion Exchange Difference revenue, the Federal Government received N141.278 billion, the State Governments received N71.658 billion, the Local Government Councils received N55.245 billion and the sum of N15.723 billion was shared to the relevant States as 13 percent mineral revenue.  Also, in the month under review, Import and Excise Duties and Electronic Money Transfer Levy (EMTL) increased considerably while Value Added Tax (VAT) increased marginally.  Petroleum Profit Tax (PPT), Companies Income Tax (CIT) and Oil and Gas Royalties recorded significant decreases.