ICPC Warns State Govs Not to Tamper with Bailout Funds

Date: 2015-09-16

The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has warned state governments not to tamper with or divert the bailout funds released for their respective states by the Central Bank of Nigeria (CBN) for the immediate payment of workers' salaries.

The commission said it would monitor the funds and how they are utilised in all the states that benefit from the bailout. Of N338 billion set aside by the CBN to bailout states with unpaid workers' salaries, N114.662 billion has been disbursed to 11 states of the federation.

The states that have received the funds are Osun, Zamfara, Kwara, Adamawa, Abia, Bauchi, Ebonyi, Gombe, Ondo, Kebbi and Niger. Sixteen other states, which applied for the bailout will access the special intervention fund once they meet the criteria stipulated by the CBN.

Warning against the misappropriation of the funds at the commission's headquarters yesterday, the ICPC Chairman, Mr. Ekpo Nta, said the commission's interest in the disbursement of the funds was for the good of workers which it said had been owed by their respective states for several months.

He vowed to ensure that the bailout funds are released for the purpose for which the CBN with the approval of the National Economic Council (NEC) offered the special intervention fund.

He spoke while handing over different sums of monies amounting to N980 million which was embezzled from the Federal Ministry of Environment and federal government colleges in Ogun State to the institutions.

Nta said the warning to the state governors resulted from feedback from some states that the bailout funds were being diverted. He said the bailout funds belonged to the federal government and no state government had the right to misappropriate it, while not directly using it to pay the backlog of salaries of workers they owed.

"We understand that the bailout funds released to states by the federal government have not been going to the proper channels. It is important to state here today that the bailout is from the federal government to the states to assist them in paying the salaries of workers.

"We will from now on be following how the funds are disbursed in different states to ensure that they get to the appropriate beneficiaries. This is because they are government funds," he said.

Source

 

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Eleyele     Twitter     TIC     Oke-Ogun     Dankaka     Abdulrahman Abdulrazaq     Kwara Teaching Service Commission     Third Estate     Abubakar Bature Sulu-Gambari     Wole Oke     Adeola Abraham     Onilorin     Michael Ologundea     Oyeyemi Olasumbo Florence     Just Event Online     Makama Of Ilorin     Niguel Gallando Marcias     Mashood Abdulrafiu Agboola     Abdulrazaq Magaji     Abubakar Baba Sulaiman     Iyaloja-General     First Lady     Sheriff Shagaya     Ahman Patigi     Ahmed Ayinla Jimoh     Saka Keji     Babatunde Idiagbon     AbdulQowiy Olododo     NAWOJ     James Kolo     Bayo Onimago     Abubakar Olusola Saraki     Sayomi     Abdullahi Biffo     Asa     Oro Grammar School     Abdulraufu Mustapha     Wahab Issa     Www.Kwarareports.com     Saidu Kawu     Saka Isau     Turaki Of Ilorin     GRA     International Public Sector Accounting Standards     Kwara-SAPZ Project     Mohammed Yahaya Barki     Usman Rifun     General Hospital, Ilorin     Oke-Ero     Ilorin Emirate Staff Association     National Information Technology Development Agency     Tafidan Kaiama     Kamaldeen Ajibade     Abdulrauf Yusuf     Ibrahim Taiwo     Oke-Kura     Babatunde Ajeigbe     Col. Ibrahim Taiwo     Muslim Cementary     Tanke Flyover Bridge     Guber Aspirant     Kayode Zubair     Oluwatoyin Lukman     Pakata Patriots     Towoju     Issa Memunat Moyosore     Umar Bayo Abdulwahab     Bolaji Abdullahi     Ibrahim Taiwo Road     IsDB     Sabi     Principal Private Secretary     Share     National Union Of Road Transport Workers     Saliu Oluwole     Ishaq Abdulkarim     LEAH Charity Foundation    

Cloud Tag: What's trending

Click on a word/phrase to read more about it.

Ilorin East/South Federal Constituency     Oasis Muslim Care Foundation     Plat Technologies Limited     Niyi Ogundiran     Abdullateef Abdussalam     Just Law Forum     Na\'Allah     Amuda Bembe     NIPR     Aminat Ahmed     Lawyers Unite Against Corruption     Government House     Yusuf Arowosaye     Abdulmalik Bashir Mopelola Risikatullahi     Dorcas Afeniforo     AbdulHakeem Ajibola Akanbi     Raimi Iyanda     Valsolar     Alaiye     Summit University     Muhammad-Mustapha Suleiman     Pakata Development Association     Amusement Park     Aminu Ado Bayero     Kabir Shagaya     Olam Food Ingredients     Charcoal     Abdulrasaq Alaro     Baba Issa Awoye     Mansur Alfanla     Ibrahim Akaje     Akanji     Adamu Attah     RTEAN     Mahmud Babatunde Baker     Yusuf Aiyedun     Bello Abubakar     Muyiwa Oladipo Kanu     Kale Belgore     Twitter     New Nigeria People’s Party     Yusuf Amuda Gobir     Ogidi-Oloje     SSUCOEN     Saidu Kawu     Adedipe     Mohammed Kamaludeen     IDPU     Nigerian Army     Abubakar Atiku     Bola Magaji     Teachers Specific Allowance     Alimi Abdulrazaq     Saad Omo\'ya     Dairo Kunle Paul     Suraj Tunji Oyewale     Ilorin General Hospital     Atiku     Jaiz Bank     Ado Bayero     Erubu Oba Zubair     COEASU     Jimoh Saadudeen Muhammed     Kwara University Of Education     Air Peace     Jamila Bio Ibrahim     Public Holiday     Rice Farmers Association Of Nigeria     Muhammad Fawaz Abubakar     Hakeem Idris     JAMB     Shuaib Boni Aliyu     Nupe     Ebola     Saka Saadu     Muhammed Abdullahi     Moremi High School