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UBEC Trains 42 SUBEB Financial Officers In Bauchi

Published

11 months ago

June 14, 2023

Editor

The Universal Basic Education Commission (UBEC), has commenced a five-day training of 42 Financial officers of the State Universal Basic Education Board (SUBEB) in the North-East zone.

Speaking during the flagging off of the training in Bauchi on Tuesday, the Executive Secretary of UBEC, Hamid Bobboyi, said the training became imperative having discovered various financial infractions committed by SUBEBS.

According to him, the training which is taking place in all the 36 states and the Federal Capital Territory, was to ensure efficient and effective financial management of the Universal Basic Education intervention fund for the attainment of the desired results in all the states of the federation.

Represented by Mr Bala Zakari, Deputy Executive Secretary, Technical North, UBEC, Bobboyi explained that at least seven financial officers of SUBEB were selected in each of the six Northeastern state of Bauchi, Borno, Taraba, Adamawa, Gombe and Yobe.

“This gathering is very crucial because it provides a platform for the critical stakeholders in the UBE finance corridor to acquire the knowledge for understanding the importance and impact of Financial Management in UBE delivery.

“Sequel to the routine observations and findings in the reports of financial monitoring exercises carried out in the 36 States and the FCT, the Commission discovered various financial infractions committed by SUBEBS.

“It, therefore, felt the need to ensure sound financial management of the FGN-UBE Intervention Fund and minimise infractions, bridge the knowledge gap and capacity deficit, through training.

“Financial management is one of the most important success drivers in any organization, therefore, you need adequate knowledge of financial management like strategic planning, organizing and controlling of financial resources,” he said.

He assured that at the end of the training, participants would be exposed to sound financial management of the UBE Intervention Fund, thereby minimising financial infractions and ensuring Value-for-Money.

He urged the participants to pay attention and participate actively so that the objectives of the training could be actualised.

Also speaking, the Chairman, Bauchi State Universal Basic Education Board, Abubakar Dahiru, congratulated the participants for being selected for such an impactful training.

He thanked the UBEC Executive Secretary and the entire management of UBEC for selecting Bauchi state as the host state for the training.

Speaking on behalf of the participants, Malam Hassan Mohammed, also lauded UBEC for organising the training and promised to listen attentively and make effective use of knowledge acquired during the training.

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Ex-CBN Gov, Emefiele Faces Fresh Charge Over Printing Of Naira Emefiele

Published

2 hours ago

May 14, 2024

Editor

The Economic and Financial Crimes Commission, EFCC, has preferred a fresh charge against the former Governor of the Central Bank of Nigeria, CBN, Mr. Godwin Emefiele, over an allegation that he illegally printed Naira notes while he held sway at the apex bank.

The anti-graft agency, in the four-count charge it entered before the High Court of the Federal Capital Territory, FCT, Abuja, equally accused the former CBN boss of unlawfully approving the withdrawal of about N124.8billion from the consolidated revenue fund.

According to the EFCC, the defendant, acting in violation of law and “with intent to cause injury to the public,” okayed the printing of naira notes without the approval of both the former President, Muhammadu Buhari and the board of the CBN.

Emefiele, who is already facing multiple charges both in Abuja and Lagos, is expected to take his plea before trial Justice Maryann Anenih.

Specifically, the charge against him, read: “That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of N375,520,000.00 pieces of colour swapped N1, 000, at the total cost of N11,052, 068,062 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“That you, Godwin Ifeanyi Emefiele, between the 19th of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the Central Bank of Nigeria Act, 2007, by approving the printing of 172,000,000 pieces of colour swapped N500 (Five Hundred Naira) Notes, at the total cost of N4, 471,066,040 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“That you Godwin Ifeanyi Emefiele, between the 19th day of October 2022 and 5th March 2023 in Abuja, knowingly disobeyed the direction of Section 19 of the CBN Act, 2007, by approving the printing of 137,070,000 pieces of colour swapped N200 (Two Hundred Naira) Note, at the total cost of N3, 441, 005, 280 without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence.

“That you, Godwin Ifeanyi Emefiele, on or about the 7th day of October 2020, in Abuja, within the jurisdiction of this Honorable Court, knowingly disobeyed the direction of Section 80 of the Constitution of the Federal Republic of Nigeria, 1999 (As Amended), by approving the withdrawal of the total sum of N124, 860, 227, 865.16 from the Consolidated Revenue Fund of the Federation in a manner not prescribed by the National Assembly, which conduct of yours caused injury to the public and you thereby committed an offence.”

It will be recalled that President Bola Tinubu had on June 9, 2023, suspended Emefiele from office as the head of the apex bank.

He was later arrested at his Lagos residence by DSS operatives.

The former CBN boss was subsequently transferred to the custody of the EFCC, which on November 28, 2023, docked him on a six-count charge that bordered on his alleged involvement in procurement fraud.

Though Emefiele, who initially spent 151 days in custody of security agencies, was later granted bail to the tune of N300million and ordered to produce two sureties that the trial court stressed must be Abuja residents that have landed property within the Maitama District, the defendant could not perfect the conditions till December 23, 2023, when he was released from Kuje prison where he spent about 34 days.

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JUST IN: Tinubu Officially Suspends 0.5% Cybersecurity Levy

Published

2 hours ago

May 14, 2024

Editor

President Bola Tinubu has officially suspended the controversial 0.5% cybersecurity levy on electronic banking transactions.

Minister of Information and National Orientation Mohammed Idris said President Tinubu ordered the suspension following deliberations by members of the Federal Executive Council (FEC).

Idris disclosed this at the State House in Abuja on Tuesday after the FEC meeting.

Details later…

News

BREAKING: ASUU Threatens Nationwide Strike

Published

4 hours ago

May 14, 2024

Editor

The Academic Staff Union of Universities, ASUU, has threatened to embark on another nationwide strike to protest absence of governing councils in all federal universities across the country among other issues the government is yet to address.

The body which recalled that the federal government dissolved governing councils of the universities in May, last year, has asked Nigerians to hold the government responsible for any decision it takes to protest the action of government.

President of ASUU,Prof. Emmanuel Osodeke,spoke at a press conference which is ongoing at ASUU national secretariat,Abuja.

Details coming…