News
FG directs MDAs in states to stop operating accounts with commercial banks
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.
• Emir of Gusau, Alhaji Ibrahim Bello
Governor Dauda Lawal of Zamfara has announced the death of the Emir of Gusau, Alhaji Ibrahim Bello, aged 71, following a protracted illness.
The governor said this in a statement issued by Sulaiman Idris, his Spokesperson and Senior Special Assistant on Media.
The Emir died on Friday morning in Abuja.
He commiserated with the people of Zamfara, describing the death as a personal loss.
He said, “The late Emir of Gusau, Ibrahim Bello, was a supportive royal father and a capable leader who dedicated himself to making Zamfara State better.
“I received with deep sadness the news of the passing of our father, His Royal Highness, Dr Ibrahim Bello, the Emir of Gusau.
News
States slashing power tariff must pay subsidy – NERC
In a notice on Thursday, the national power regulator advised state governments to reflect the wholesale costs in tariffs or be ready to pay subsidies for any tariff shortfall.
The Nigerian Electricity Regulatory Commission has said that state governments do not have jurisdiction over the national grid and over electric power stations established under federal laws or operating under licences it issued.
The commission stated this in its reaction to the controversies generated by the Enugu Electricity Regulatory Commission’s decision to slash the Band A tariff.
In a notice on Thursday, the national power regulator advised state governments to reflect the wholesale costs in tariffs or be ready to pay subsidies for any tariff shortfall.
The commission acknowledged that states that have assumed full regulatory oversight over their intrastate markets are now authorized to create and regulate transactions in their state electricity markets, saying this extends to the development of tariff methodologies that shall apply to end-use customers in their respective states.
(The PUNCH).
News
Legal Practitioners’ Committee Elevates 57 New Lawyers to SAN
The list comprised 56 advocates and one from the academia.
The Legal Practitioners’ Privileges Committee (LPPC) has unveiled the list of lawyers newly elevated to Senior Advocate of Nigeria (SAN).
The list comprised 56 advocates and one from the academia.
In the document signed by the Chief Registrar of the Supreme Court and Secretary of the LPPC, Mr. Kanir Eniola Akanbi, the list was approved by Chief Justice of Nigeria (CJN), Hon. Justice Kudirat Kekere-Ekun, at the LPPC’s 169th Plenary Session held on Thursday.
Akanbi stated, “The rank of Senior Advocate of Nigeria is conferred as a mark of professional excellence upon legal practitioners who have demonstrated exceptional distinction either as advocates in the courts or as academics contributing significantly to the development of legal scholarship.
Emir of Gusau, Ibrahim Bello, dies at 71
Kayode Adaramodu quits PDP, Joins ADC in Ekiti
States slashing power tariff must pay subsidy – NERC
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