FG to diversify economy with $41bn railway investment.

FG to diversify economy with $41bn railway investment.

FG to diversify economy with $41bn railway investment. Punch Online

The Federal Government has started a $41bn railway expansion to reduce dependence on oil and diversify the economy, the Minister of Transportation, Mr. Rotimi Amaechi, has said.

“The plan we have now will go to every nook and corner,” Amaechi said on Wednesday in an interview in Abuja, Bloomberg reported.

The Federal Executive Council also on Wednesday approved the contract for the repair of the Itapke-Ajaokuta-Warri rail link.  Read more

TSA: Reps query AGF over non audit of system since inception.  Tribune Online

The House of Representatives on Wednesday queried the Auditor General of the Federation (AGF) Mr Anthony Ayine over the failure of his office to conduct performance audit of the Treasury Single account (TSA) since inception two years ago.

This followed the admittance of the AGF before the Hon Abubakar Nuhu led Ad-hoc Committee of the House ‎investigating the implementation of the TSA since inception that his office had not carry out any audit to confirm it’s diligence or otherwise.

‎The AGF also admitted that the non-auditing of the new system for two was detrimental to transparency in business of government and that he was not aware of transfers into the TSA.  Read more

Gunmen attack EFCC office, leave death threat.  Tribune Online

The Economic and Financial Crimes Commission (EFCC) says gunmen attacked its office at Wuse, Zone 7, Abuja, in the early hours of Wednesday.

In a statement, the spokesman for the commission, Mr Wilson Uwujaren, described the incident as a major security breach.

“The group of heavily armed bandits invaded the office at about 5 a.m. and began shooting into the premises, damaging vehicles parked in the premises in the process.”  Read more

Nigeria police, judges highest bribe-takers, says UN agency. Alleges over N400b spent on bribes yearly. It is not true, says NBA.  Guardian Online

From the United Nations Office on Drugs and Crime (UNODC) has come a revelation that about N400 billion is spent on bribes each year in Nigeria. This was contained in a report presented to the public yesterday at the stakeholders meeting to mark the end of the agency’s five-year project on corruption in the country.

Although there is still a controversy over this report, it has highlighted the problem corruption poses to development and the need for the government to do more to tackle it. According to the report, which covers between June 2015 and May 2016, law enforcement agencies and the judiciary are the highest receivers of bribes.

The survey titled, “Corruption in Nigeria – Bribery: Public Experience and Response” was presented in partnership with the National Bureau of Statistics (NBS). It was conducted in the 36 states and the Federal Capital Territory (FCT).  Read more

Government failed ASUU, minister admits. Pledges quick resolution of crisis. Union cautions against politicising strike. Senate urges teachers to resume work.  Guardian Online

The Federal Government has admitted that the failure on its part in the negotiations with the Academic Staff Union of Universities (ASUU) resulted in the ongoing indefinite strike. Briefing State House correspondents after the Federal Executive Council (FEC) meeting presided over by Acting President Yemi Osinbajo yesterday, Minister of Education, Adamu Adamu said government failed on its part of the bargain, a development which made the strike by the university teachers inevitable.

“Very sad that I am here and ASUU is on strike. Late last year, we had a meeting because ASUU gave one week notice of strike and we were able to work out some agreement. I must confess government has not fulfilled its part of the bargain,” the minister said.

Adamu, however, disclosed that efforts were being made by the government to negotiate with the teachers and work out modalities on how the strike could be called off as soon as possible.  Read more