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N52bn SWP Fund: Atiku’s Aide, Keyamo Bicker Over Asset Declaration



The Special Assistant on Public Communication to Atiku Abubakar, Mr Phrank Shaibu, has asked the National Assembly to make public the report of its investigation into the N52bn Special Works Programme implemented by the Minister of State for Labour and Employment, Mr Festus Keyamo, across the 774 local governments areas of the country.

Shaibu made the demand in a statement in Abuja, yesterday, in response to claims that Keyamo acquired a house in the United States valued at over $302,000.

But Keyamo in a swift reaction said he had declared his assets, asking those in doubt to contact relevant government agencies.

Keyamo told Vanguard that he is in support of Nigerians scrutinising public officers and encouraged Shaibu to compel relevant government organs to release his assets declaration form.

READ ALSO: My Properties Abroad Not Acquired With Public Funds – Festus Keyamo

His words: “Any Nigerian for that matter who wishes to know anything about any public officer, including myself, is very much welcome to compel the relevant Government organs to release any document.

“It is very patriotic to do so. I wholeheartedly encourage any Nigerian to do so. They can also ask for my Assets Declaration before I became Minister.

“I am excited to see these inquiries. Maybe they think you have to show flashy cars and jewelleries and designers’ items and expensive wristwatches for people to rate you. They are very much welcome.”

Going down memory lane, Shaibu recalled that in 2021, the Federal Government had in a bid to ameliorate the effect of the COVID-19 pandemic, approved the sum of N52bn for the hiring of 774,000 Nigerians across all the local government areas in the country for three months.

READ ALSO: How Atiku Destroyed PDP – Keyamo

The 774,000 Nigerians were hired to take on menial jobs such as clearing of drainages, sweeping of markets, cutting grasses and other community services.

He said: “Keyamo had specifically orchestrated the sacking of the Director-General of the National Directorate of Employment, NDE, Nasiru Argungu, insisting that he was in charge of the N52bn project which the National Assembly noted was a flop.

“Both the Senate and the House of Representatives had stated that many of the beneficiaries of the funds did not get anything, while others who got did not do any job. They, therefore, questioned Keyamo’s running of the programme and promised to launch an investigation into the matter.”

Shaibu further said: “The National Assembly had described the special works programme as a sham and also questioned how the funds were spent. Keyamo had, for the last two years, defended the shambolic implementation of the programme.”

READ ALSO: 2023: ‘You’re Political Prostitute, Wanderer, Back-stabber,’ Keyamo Hits Dogara

“With his open confession that he has acquired houses in the US, I hereby call on the National Assembly to publish its report on the failed project. I also call on the Economic and Financial Crimes Commission, EFCC, to immediately probe the finances of Festus Keyamo, who only became a senior advocate two years before becoming a minister.

“It is public record that Keyamo was an activist and a prosecutor for the EFCC, doing mostly pro bono cases before taking public office. However, he now boasts of being a real estate mogul after becoming a minister. This is laughable and an insult to the sensibilities of Nigerians.

“In any case, Keyamo’s time as Minister of State for Labour and Employment witnessed the highest level of unemployment, which KPMG says is about to hit 40%. Under Keyamo, universities also witnessed prolonged strikes, as ASUU proceeded on 10 months strike in 2020 and eight months industrial action in 2021. Keyamo clearly failed as a minister but grew wealthier in the process through his so-called real estate business. He thus needs to be investigated with immediate effect.”

Keyamo had said that by letters dated March 6, 2019, before he was appointed a Minister, he wrote to the relevant government agencies, informing them of the closure of his foreign accounts and the repatriation of his funds to the country since Nigerian law does not allow public officials to operate foreign bank accounts.

READ ALSO: Report Alleging Tinubu’s Involvement In Drug Trafficking ‘Sign Of Frustration’ – Keyamo

He further stated, ‘My assets declaration is there for all to see. Some of us don’t need government funds or patronage to get by. Whatever we do and whoever we support is out of our deep convictions.’

Shaibu, however, dared Keyamo to publish his asset declaration form as submitted to the Code of Conduct Bureau in 2019.

He said since Keyamo had boasted many times about being an EFCC prosecutor and an anti-corruption champion, he ought to be bold enough to make his asset declaration forms public to prove that he was telling the truth.

“Keyamo has one month left on his tenure as minister, which means he will need to declare his assets before the CCB next month. Let him make public his asset declaration forms, before and after office, to prove to Nigerians that he did not steal.

“The truth about Keyamo is that he is a hypocrite, a rabble-rouser who pretends to be on the side of the masses but is only after his stomach.

“He started as a disciple of the great Gani Fawehinmi but has since strayed from Gani’s ideals by serving as Spokesman for a man who was an anathema to Gani and who Gani had accused of forgery and fraud – Bola Tinubu.”




JUST IN: Tinubu Names New Heads For NCC, Galaxy Backbone, NIGCOMSAT




President Bola Tinubu has approved the appointment of 10 executive heads across the Nigerian Communications Commission, Galaxy Backbone Limited, and Nigerian Communications Satellite Limited, all agencies in the Ministry of Communications and Digital Economy.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale, announced the latest appointees in a statement he signed Thursday titled, ‘President Tinubu reconstitutes management teams in agencies under the Federal Ministry of Communications and Digital Economy.’

At the Nigerian Communications Commission, he appointed Abraham Oshadami as Executive Commissioner of Technical Services, Rimini Makama as Executive Commissioner of Stakeholder Management, and Opeyemi Dele-Ajayi as President and CEO of the Digital Bridge Institute.

At Nigerian Communications Satellite Limited, he named Abiodun Attah as Executive Director of Technical Services; Aisha Abdullahi as Executive Director, Finance & Administration; and Jaiyeola Awokoya as Executive Director, Marketing & Business Development.

The President also appointed Ibrahim Adeyanju, Managing Director/CEO of Galaxy Backbone Limited, alongside three executive directors.

READ ALSO: JUST IN: Tinubu Appoints Gaga NEXIM Bank ED

They include Mohammed Ibrahim, Executive Director of Finance & Corporate Services; Olusegun Olulade, Executive Director of Customer Centricity & Marketing; and Olumbe Akinkugbe, Executive Director of Digital Exploration & Technical Services.

With the reconstitution of the management teams in these agencies, President Tinubu expects the new appointees to “deliver excellent service to elevate the impact of the digital economy sector on the socio-economic development of the nation,” said Ngelale.

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JUST IN: Kwara Varsity Students Cry Out Over Alleged EFCC, NDLEA Raids




Operatives of the Economic Financial Crimes Commission, National Drug Law Enforcement Agency and the Nigeria Police Force have reportedly raided and arrested some students of Kwara State University, Malete.

In several videos sighted by our correspondent on Thursday, the students were seen running for safety while gunshots were heard in the background.

A student of the university who spoke with our correspondent Thursday night disclosed that EFCC operatives were in the school on Wednesday while operatives of NDLEA and police officers visited on Thursday and arrested some of the varsity students after raiding the student community.

READ ALSO: EFCC Arrests 48 Kwara Varsity Students For Internet Fraud

Yesterday, EFCC raided the school. Today NDLEA and police came and arrested boys (students) anyhow,” the source disclosed to our correspondent.

Meanwhile, a tweet from an X user (@babyygirlfl0) read, “EFCC came to raid in the middle of the night, two days ago, arrested over 30 students, NDLEA came in today to do the same, students tried to stop them, they joined forces with the police and started throwing teargas at students, even started shooting gun, I saw with my own eyes.

“One student is dead, another is fighting for her life! Helppppp! Tag all the handles that can help please! The network here is really bad I’m so scared mannn. Gunshots and Teargas everywhere.”

Another user with the handle @thatgoodbae posted, “This school is a mess mahn!! I don tire!! Because how in God’s name is EFCC supposed to shoot at a student’s car??? Come to raid at 2am??? Taking students that have exams in the morning???”

READ ALSO: Gov. Mohammed Pledges Support For Educational Excellence

The students, however, stormed the school gate to protest the act and arrest of their colleagues.

In November, the EFCC chairman placed a ban on sting operations at night following the outrage that ensued after operatives arrested suspected internet fraudsters in Ile-Ife, Osun State.

EFFC operatives had invaded the off-campus hostels of Obafemi Awolowo University, Ile-Ife.

Efforts by our correspondent to get the reactions of the trio of EFCC, NDLEA, and the police spokespersons proved abortive as calls made were not answered and text messages sent are yet to be responded to as of the time of filling this report.

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FAAC: FG, States, LGs Share N1.15trn For January




The total revenue accrued to the coffers of the government increased to N2.07trn in January 2024 out of which N1.15trn was disbursed to the Federal Government, states, and local government areas, the Federation Allocation Accounts Committee disclosed on Thursday.

FAAC, in a communique issued at the end of its monthly meeting in Abuja, said the revenue was shared to meet the needs of the subnational governments.

According to a press release by the Director of Press and Public Relations of the Office of the Accountant-General of the Federation, Bawa Mokwa, the amount shared is N29bn less than the N1.44trn disbursed in January 2023.

The communique said the N1.45trn total distributable revenue comprised distributable statutory revenue of N463.1bn, distributable Value Added Tax revenue of N391.8bn, Electronic Money Transfer Levy revenue of N15.9bn and Exchange Difference revenue of N279.03bn.

READ ALSO: FAAC Shares N1.100 Trillion To FG , States, LGs

It also added that a total revenue of N2.07trn was available in the month of January 2024 while N200bn was kept as savings.

“Total deductions for the cost of collection was N78.4bn, total transfers, interventions, and refunds was N640bn and savings was N200bn.

“Gross statutory revenue of N1.15trn was received for the month of January 2024. This was higher than the sum of N875bn received in the month of December 2023 by N276bn,” the communique read.

The communique further stated that from the N1.15trn total distributable revenue, the Federal Government received a total of N407.267 bn, the state governments received N379.407 bn and the local governments received N278.041bn.

READ ALSO: FAAC Shares N907b To FG, States, LGs

It added that VAT collection was reduced by N71.7bn to N420.7bn in the month ending.

The statement added, “The gross revenue available from the Value Added Tax in January 2024 was N420.733 billion. This was lower than the N492.506 billion available in the month of December 2023 by N71.773 billion.

“From the N1,149.816 billion total distributable revenue, the Federal Government received a total of N407.267 billion, the State Governments received N379.407 billion and the Local Government Councils received N278.041 billion.

“A total sum of N85.101 billion (13 per cent of mineral revenue) was shared with the benefiting States as derivation revenue.

“From the N463.079 billion distributable statutory revenue, the Federal Government received N216.757 billion, the State Governments received N109.942 billion and the Local Government Councils received N84.761 billion. The sum of N51.619 billion (13% of mineral revenue) was shared with the benefiting States as derivation revenue.

READ ALSO: FG, Others Share N2.84trn In FAAC

“The Federal Government received N58.768 billion, the State Governments received N195.894 billion and the Local Government Councils received N137.125 billion from the N391.787 billion distributable Value Added Tax revenue.”

Also, the N15.922 billion Electronic Money Transfer Levy was shared as follows: the Federal Government received N2.388bn, the state governments received N7.961bn and the local governments received N5.573 billion.

“The Federal Government received N129.354 billion from the N 279.028 billion Exchange Difference revenue. The State Governments received N65.610 billion, and the Local Government Councils received N50.582 billion. The sum of N33.482 billion (13 per cent of mineral revenue) was shared with the benefiting States as derivation revenue.

“In January 2024, Companies Income Tax, Import Duty, Petroleum Profit Tax, and Oil and Gas Royalties increased significantly, while Value Added Tax, Export Duty, Electronic Money Transfer Levy, and CET Levies decreased considerably.

“The balance in the ECA was $473,754.57,” the statement concluded.

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