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FG Saves N500bn from Implementation of Integrated Payroll System

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  • FG Saves N500bn from Implementation of Integrated Payroll System

The Minister of Finance, Mrs. Zainab Ahmed yesterday disclosed that the federal government had recovered over N500 billion in personnel costs through the implementation of the Integrated Personnel and Payroll Information System (IPPIS).

This is as the Accountant General of the Federation (AGF), Mr. Ahmed Idris, also said the sum of N197 billion through the removal of ghost workers from the federal payroll between 2017 and 2018.

Both spoke at the opening of a retreat on the role of MDAs in the implementation of IPPIS and its effect on the worker’s condition of service and government revenue.

The programme was organised by the office of the AGF.

The IPPIS scheme is one of the federal government’s reform initiatives designed to centralise payroll and payment systems, facilitate convenient staff remuneration with minimal wastage, aid manpower training and budgeting, which began in 2007.

It further facilitates planning, monitor monthly payment of staff emoluments against what was provided for in the budget; ensure database integrity; facilitate easy storage; updating and retrieval of personnel records for administrative and pension processes.

Ahmed further noted that the concept of IPPIS was an integral part of the federation government’s public finance reform initiative aimed at ensuring transparency and accountability in the management of government payroll.

According to her, the reforms initiative was aimed at reducing the cost of governance, adding that currently, about 70 per cent of monthly revenue inflow into the Consolidated Revenue Fund is being spent on recurrent expenditure.

She said this trend, if not corrected, would not free the much-needed resources for improving the standard of living of the people.

She said: “Over the years, several attempts have been made to remove records of ghost workers as well as ensure that personnel are paid directly to prevent the diversion of personnel emoluments as was the case prior to the implementation of the policy.

“You will all recall that the first forensic audit of the IPPIS carried out at the inception of the present administration revealed multiple deficiencies in the personnel records of MDAs.

“More instances of personnel records padding as well as unsanctioned recruitment exercised were identified.

“Available records from the federal ministry of finance through the activities of the Presidential Initiative on Continuous Audit revealed a saving of over N500 billion.

“A substantial part of this amount was as a result of the continuous verification of the nominal roll and payrolls of MDAs”

The AGF, however, explained that of the N197 billion salvaged from ghost workers, the sum of N67 billion was saved in 2017 while the balance of N130 billion was saved in the 2018 fiscal period.

He said through the implementation of the IPPIS initiative, over 700,000 government workers from 515 MDAs are now on IPPIS platform.

He also said that 39 Nigeria Police commands and three formations, four paramilitary agencies and retired heads of service and permanent secretaries are also on the platform- in contrast to the 285 MDAs and over 235,000 workers in 2015.

Idris said the initiative was aimed at reducing wastage in personnel cost, facilitating easy storage, updating of personnel record and aiding manpower planning and budgeting.

According to the AGF, the successes recorded so far in the scheme were due to the political will of the administration of President Muhammadu Buhari.

He gave some of the successes of the initiative to include planning for personnel budget, reduction of ghost workers syndrome, and easy retrieval of personal records.

He gave some of the challenges of the implementation of the initiative to include institutional resistance, lack of commitment from MDAs, and delay in enrolment process among others.

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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