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FG directs MDAs in states to stop operating accounts with commercial banks

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The federal government has directed Federal Pay Officers (FPOs) across the country to ensure that Ministries, Departments, and Agencies (MDAs) in the states strictly comply with the Treasury Single Account (TSA) policy by not operating accounts with commercial banks or circumventing its provisions.

The Accountant General of the Federation (AGF), Dr. Oluwatoyin Madein, issued this directive during a working visit to the Federal Pay Office in Benin, Edo State, as part of her ongoing nationwide tour to assess the operations and challenges of FPOs.

A statement from the Office of the Accountant General of the Federation (OAGF), signed by the Director of Press and Public Relations, Bawa Mokwa, said that MDAs must adhere strictly to the TSA framework. 

Dr. Madein reiterated that any MDA seeking to operate an account with a commercial bank must obtain direct approval from the President, which must be communicated through the AGF based on established guidelines.

To enforce compliance, she mandated FPOs to uphold transparency, dedication, and professionalism in their duties. As representatives of the OAGF, she urged them to maintain high ethical standards and avoid any actions that could undermine the credibility of the Federal Treasury.

Dr. Madein also stressed the importance of accurate financial records, warning that inefficiency could be perceived if records do not meet the required standards. She assured that officials from the Treasury headquarters would conduct regular inspections of FPOs to ensure compliance.

Additionally, she stressed the need for FPOs to be well-versed in financial regulations, including the Constitution, Financial Regulations, and the Public Procurement Act, to enhance their effectiveness.

Recognizing the operational challenges faced by FPOs, Dr. Madein disclosed that the federal government is constructing new office buildings in some states to provide permanent solutions to accommodation issues. She reaffirmed the OAGF’s commitment to prioritizing the welfare and well-being of FPO staff.

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JUST IN: Anthony Joshua escapes death in Ogun auto crash

An eyewitness disclosed that there were four occupants in the Lexus at the time of the crash, with Joshua seated behind the driver. While the boxer sustained minor injuries, two occupants of the vehicle reportedly died on the spot.

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World heavyweight boxing champion, Anthony Joshua, narrowly escaped death on Monday after being involved in a road accident along the busy Lagos–Ibadan Expressway at Makun area of Ogun State.

Eyewitnesses said the accident occurred at about 11:00 a.m., just before Danco Filling Station, Makun, inward the Sagamu Interchange on the Ibadan axis of the expressway.

Joshua was reportedly travelling in a Lexus SUV with registration number KRD 850 HN, which collided with a stationary truck under circumstances that are yet to be fully ascertained.

The Lexus was said to be part of a two-vehicle convoy, alongside a Pajero SUV conveying his security detail.

The Lexus was said to be part of a two-vehicle convoy, alongside a Pajero SUV conveying his security detail.

An eyewitness disclosed that there were four occupants in the Lexus at the time of the crash, with Joshua seated behind the driver. While the boxer sustained minor injuries, two occupants of the vehicle reportedly died on the spot.

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Industrialist Nuel Ojei, dies at 74, Governor Oborevwori mourns

Ojei was an outstanding entrepreneur, visionary leader and committed Deltan whose contributions to business development, job creation and philanthropy left an enduring legacy in the state and Nigeria at large,” said Oborevwori.

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• Nuel Ojei.

The Founder, Executive Chairman, and Chief Executive Officer of Nuel Ojei Holdings Ltd, Emmanuel Ojei, has died at the age of 74.

Fondly and popularly known as Nuel Ojei, the businessman died on Saturday night at his hometown, Issele-Uku, in Aniocha North Local Government Area of Delta State.

His son, Chuks Ojei, confirmed the development in a statement issued on Sunday on behalf of the family.

He described the loss as a profound shock and an irreplaceable personal tragedy.

Reacting to the obituary announcement, the Delta State Governor, Sheriff Oborevwori, describes Nuel Ojei’s death as a major loss to the state and the nation.

“Ojei was an outstanding entrepreneur, visionary leader and committed Deltan whose contributions to business development, job creation and philanthropy left an enduring legacy in the state and Nigeria at large,” said Oborevwori.

In a statement issued by his Chief Press Secretary, Festus Ahon, the governor recalled that Chief Ojei, the founder of Nuel Ojei Holdings and Nuel Auto Distributors, began his business career at Rutam Motors in 1973 before he established his own companies that later became major players in Nigeria’s automotive and allied industries.

“Under his leadership, Nuel Auto Distributors, founded in 1981, emerged as the sole agent for Mazda vehicles in Nigeria and later partnered with Mercedes-Benz for authorised vehicle servicing.

“Through Nuel Ojei Holdings, he led a large indigenous conglomerate with investments in automotive, banking, construction and other sectors, providing employment opportunities for hundreds of Nigerians.“

In recognition of his contributions to business development, Delta State University awarded him an honorary Doctorate in Business Administration in 2003.

“The late Ojei was a generous philanthropist whose Nuel Ojei Foundation touched many lives through educational, health and social interventions.”

Oborevwori extended his condolences to the Ojei family, the people of Issele-Uku and the business community, praying that God would comfort them in their grief.

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Crime

JUST IN: DSS Arrests Gang Leader, Accomplice in 2023 Murder of Prof. Ekanem Philip Ephraim

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Operatives of the Department of State Services (DSS) have arrested the alleged leader of a kidnap gang and an accomplice responsible for the 2023 abduction and murder of renowned neurology professor, Ekanem Philip Ephraim.

A credible security source confirmed that 23-year-old Patrick Essien Etim, identified as the gang leader, and 40-year-old Bassey Antiha Asuquo were apprehended on December 27 at a medical facility in Cross River State.

The duo were reportedly plotting to kidnap another prominent medical professional when DSS operatives swooped in.

The arrests bring a major breakthrough in the case that has haunted the medical community for over two years. Prof. Ephraim was abducted on July 13, 2023, by gunmen posing as patients at her private clinic on Atimbo Road, Calabar.

Her kidnapping triggered widespread protests and an indefinite strike by the Cross River State chapter of the Nigeria Medical Association (NMA), which paralyzed the health sector for over a week as doctors demanded government action for her rescue.

According to the source, the DSS had been intensively tracking the syndicate since the professor’s abduction. The suspects have confessed to killing Prof. Ephraim after receiving multiple ransom payments from her family. They also admitted to involvement in other kidnappings and the vandalism of electricity cables, with a third suspect, Isaac Ekpeyong, arrested in connection to these crimes.

“It has been two years of torment for her loved ones, not knowing what happened to the professor. I believe that with this arrest, her family and loved ones will finally have some peace and the much-needed closure they deserve,” the source stated.

The development underscores the DSS’s renewed focus on covert operations and restoring public safety, the source added.

Investigations are ongoing, with the suspects expected to face prosecution.

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