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FG Trains Financial Operators In Bauchi

The Office of the Accountant General of the Federation has begun a 3-day capacity building training for about 100 public financial management operators in Bauchi state on International Public Sector Accounting Standards (IPSAS).
Speaking at the opening ceremony of the training in Bauchi on Monday, Mr Sylva Okolieaboh, Acting Accountant-General of the Federation, said that the training is a nationwide exercise for financial operators in the three tiers of government in all the 36 states and Federal Capital Territory (FCT).
He observed that due to certain drawbacks, not all entities of government at all levels have been able to effectively migrate from Cash Basis Accounting to International Public Sector Accounting Standards (IPSAS) Accrual Basis of Accounting.
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He identified inadequate manpower as one of the drawbacks, adding that the Sub-committee has made concerted efforts to continue to build capacities at verious levels of government to drive IPSAS full implementation.
Represented by the Deputy Accountant General, Operations, Bauchi State, Sirajo Jaja, Okolieaboh said he was highly delighted that the capacity building had been sustained, adding that the 2022 exercise was carefully packaged to address key contemporary issues on effective migration strategies for entities on IPSAS.
“As part of the efforts of the Sub-committee, relevant reference materials including accounting policies to be adopted, guidelines on the recognition of legacy assets, highlight of what is needed to know on IPSAS and other financial reporting publications and templates have been developed to further enhance the proficiency of key finance operators.
“The theme of the programme ‘continuous capacity building on IPSAS implementation’ for public financial management operators in the three tiers of government shows that the Sub-committee continues to demonstrate commitment to its promise of training and retraining finance operators.
“This is to improve their competencies and skills in the preparation and presentation of IPSAS accrual accounting compliant General Purpose Financial Statements,” he said.
According to him, when IPSAS is fully implemented, it is believed that Nigeria as a nation would be able to demonstrate higher accountability and stewardship in the management of public resources.
READ ALSO: UBEC Trains Personnel Across 36 States, FCT
He, however, urged the participants who were drawn from the state and local government services to pay close attention to the presentations that would be presented in order to equip themselves with the challenges ahead of the full implementation of IPSAS at all levels of governance in the country.
The participants of the capacity building includes treasurers, cashiers, financial officers of ministry and department from local government and state services.
News
JUST IN: Tinubu Decorates New Service Chiefs

President Bola Tinubu on Thursday decorated the new service chiefs with their respective ranks at the Council Chamber of the Presidential Villa, Abuja.
The ceremony, which began shortly after 2pm saw the President perform the decoration alongside Vice President Kashim Shettima and the spouses of the decorated officers, each dressed in their respective service uniforms.
Those decorated were General Olufemi Oluyede as the Chief of Defence Staff; Lieutenant-General Wahidi Shaibu as Chief of Army Staff; Air Marshal Kennedy Aneke as Chief of Air Staff; and Vice Admiral Idi Abbas and Chief of Naval Staff.
The Senate had, on Wednesday, confirmed the four nominees after a two-hour closed-door screening session where they were grilled on strategies to strengthen national security and improve coordination among the armed forces.
Tinubu had earlier written the red chamber, seeking an expedited confirmation process “to ensure continuity in the nation’s security leadership.”
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It was observed that the ceremony was attended by senior government officials, lawmakers family members of the service chiefs and top officers from the various arms of the military.
The President, Vice President and the officers’ spouses took turns pinning the new ranks on each of the decorated chiefs.
The decoration came barely one week after the Presidency announced a sweeping reshuffle in the military hierarchy.
In the statement signed by the President’s Special Adviser on Media and Public Communication, Sunday Dare, it said the shake-up was part of efforts to inject new direction into the nation’s defence architecture.
READ ALSO:Tinubu Under Fire Over Presidential Pardon For Drug Offenders
The Chief of Defence Intelligence, Major General E. A. P. Undiendeye, retained his position.
Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, later told our correspondent that the changes were not connected to recent rumours of a coup plot, saying, “The President acted within his authority as Commander-in-Chief. Service chiefs can be hired and fired by the President.”
On Monday, Tinubu had met privately with the new service chiefs at the Villa.
They arrived in a black Mercedes-Benz Sprinter van escorted by a green Toyota Land Cruiser, and the session lasted about 40 minutes.
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Presidency sources said the President charged them to take decisive action against insurgents and bandits, particularly in the North.
Last Friday’s reshuffle followed an October 19 report alleging that some officers were plotting to overthrow the government — a claim later dismissed by the Defence Headquarters as “false and mischievous.”
The Director of Defence Information, Brigadier-General Tukur Gusau, said the alleged arrests linked to a coup were “issues of indiscipline” within the ranks, describing the report as “intended to cause unnecessary tension and distrust among the populace.”
News
JUST IN: Eurozone Growth Beats Expectations In Third Quarter

The eurozone economy grew faster than expected in the third quarter of 2025, official data showed Thursday.
The EU’s data agency said the 20-country single currency area recorded growth of 0.2 per cent over the July-September period from the previous quarter.
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The figure was higher than the 0.1 per cent forecast by analysts for Bloomberg and FactSet.
More details later…
News
PHOTOS: Police Inspector, Others Die In Lagos-Ibadan Expressway Multiple-truck Crash

At least four persons were feared dead while several others sustained injuries in a multiple-vehicle crash involving five articulated trucks on Kara Bridge, inward Mowe, along the Lagos-Ibadan Expressway on Thursday.
A police inspector attached to the Lagos State Police Command was said to be among the victims.
The Lagos State Commissioner of Police, Moshood Jimoh, who confirmed the incident on Thursday during a visit to the scene, said emergency response teams worked through the early hours to rescue victims and clear the wreckage.
“We have a case of multiple accidents at the border between Ogun and Lagos State. Five vehicles were involved, all articulated vehicles. Precisely, three people have been rescued from the scene of the accident.
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“As early as 5 a.m., we have been on it, and we have other agencies here assisting us. We have LASTMA, the Road Safety Corps, and other security agencies,” Ishola said.
He explained that preliminary investigations showed the crash was caused by a trailer that suffered brake failure.
“At the beginning, we have a trailer that failed to brake, and it is important that everybody in charge of their vehicle ensures proper maintenance,” he stated.
The commissioner also confirmed the death of one of his officers who was part of the police advance team deployed to the scene.

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“It’s very unfortunate that we lost one of our police inspectors who came with our advance team to salvage the situation,” he said.
Ishola cautioned motorists, particularly drivers of articulated vehicles, against reckless driving, which he described as a leading cause of fatal crashes on highways.

“We want road users, especially those driving articulated vehicles, to stop this kind of recklessness. If they are not reckless in their driving habit, we won’t have this kind of accident,” he warned.

Rescue operations involving the police, Federal Road Safety Corps, Lagos State Traffic Management Authority, and other agencies were still ongoing as of press time, while efforts to remove the damaged vehicles and restore traffic flow continued.
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