After Detecting 50,000 Ghost Workers, Minister Hunts For More, Asks CBN To Assist
Encouraged by the detection of 50,000 ghost workers in the federal government payroll, the Minister of Finance, Kemi Adeosun, is soliciting the cooperation of the Central Bank of Nigeria (CBN), to extend the requirement for Bank Verification Number (BVN) to account holders in Microfinance Banks (MFBs), to facilitate the detection of bank accounts which might have been opened and operated in such banks for ghost workers by fraudulent syndicates.
In a letter to the CBN Governor, Godwin Emefiele, the minister said that the introduction of the Bank Verification Number by the CBN has contributed immensely in improving the integrity of the Federal Government payroll on which more than 50, 000 ghost workers were detected and removed.
Adeosun said that operating bank accounts in Microfinance Banks without requirement for BVN has left a huge loophole which individuals, intent on financial crimes, could use to hide and launder proceeds of crime and successfully escape detection by law enforcement agencies.
“Our ongoing efforts to verify the integrity of Federal Government personnel costs and purge the system of fraud and error has made extensive use of the Bank Verification Number as a means of identifying recipients of multiple salaries, and salaries paid into accounts with names that differ to those held on our payroll records. The success of this effort has to date yielded the removal of over 50,000 payroll entries.”
The Minister emphasized referred the CBN Governor to the discovery that, prior to the deadline for obtaining the BVN, the movement of a large number of salary accounts of Federal employees from commercial banks to Microfinance Banks, was observed.
“This is a suspicious activity and we have already commenced a review of such cases to identify and investigate any cases of fraud.”
Adeosun said that extending the requirement for BVN to Microfinance Banks may put a huge financial strain on the smaller Microfinance Banks, adding: “some MFBs, such as National Police Force Microfinance (NPF), have over 27,000 salary accounts. Our inability to perform checks on such a large number of salary earners is a key risk.
“I am therefore seeking your co-operation to enforce compliance with BVN on any MFB with over 200 active salary accounts or those above a certain size. This will support the Federal Government’s efforts at reducing leakages to create headroom for the capital projects that will support the growth of the economy.”
It would be recalled that the CBN had in September in 2016 announced its intention to extend the requirement for the extension of the Bank Verification Number to MFBs in the country, but the exercise has yet to take off. [myad]
Buhari May Well End Up A Hero, By Emmanuel Iriogbe
President Muhammadu Buhari remains the only Nigerian leader that has commanded respect from both the common man (Talakawas) and the elites in the history of Nigeria since independence. He rode on this popularity to clinch the presidency in 2015 having gotten his hands burnt on three previous occasions in his attempts to become the country’s president through the electoral process.
Mother luck smiled on him when the progressives in alliance with the international community made his dream come true. He became president of the most populous black nation on earth and his victory was widely celebrated.
Soon after his ascendency to the throne, it became dogged with controversies with many in the land accusing him of favouritism. His Fulani kinsmen were seen as untouchables as atrocious acts by them in the maiming and killing of innocent Nigerians were ignored him. The economy nosedived leaving it in a parlous state that ultimately led to recession. The blame game of heaping the country’s woes on the past administration festered for a while before Nigerians got fed up with the sing song that it was Jonathan government’s looting of the treasury that sent us into recession.
Now came the sickness, President Buhari became incapacitated due to an undisclosed ailment that made him to be transported out of our shores, his trip oversea was first transmitted to the Senate as a ten day medical trip but later transmuted to an indefinite sojourn. Tongues starting wagging, a foreign media started the demonic gist that our dear president died in a London hospital during his medical sojourn. The Nigeria media harped on it, amplified by the social media. Haters or Wailers feasted on it, while supporters or Hailers wanted everyone to discountenance the news of the president’s death.
The president refused to speak to Nigerians but chose to speak to a select dignified few through telephone conversations. Nigerians became more befuddled and asked to hear their President’s voice, but all this to no avail.
His Vice, Yemi Osinbajo acted in his stead this while and the man made giant strides in calming the tension in the land by paying visits to aggrieved zones like the South East where IPOB was in the forefront in the agitation for an independent Biafra nation and the Niger Delta where frayed nerves was calmed over resource control.
Where Buhari failed, Osinbajo succeeded and most Nigerians prayed for an extended vacation for the Commander in Chief. Suddenly, when Nigerians were beginning to feel comfortable with Buhari’s absence, the man appeared.
His coming into the country at 7.45am on Friday, 10 March, 2017, threw a spanner in the wheel of progress as far as Nigerians were concerned. Buhari has not helped to douse the tension in the land by his return with his confessional statement that he is indeed very sick. He won the heart of critics by openly admitting that he has never felt this sick, even in his military days the way he felt and openly confessed that his capable vice, Osinbajo will continue to act in his stead while he takes a deserved rest at the Villa for three weeks before jetting out for further treatment overseas.
Now, the question pundits are asking is; if Buhari felt he was not medically fit to continue in office as the President, why bother to come back home. Some mischief makers are of the opinion that that he came home to stall any impeachment move by the National Assembly who might use constitutional provisions of absence from duty for a period of time to remove him from office.
It is advisable that Muhammadu Buhari learns from history. He must tread on the part of history to be remembered for good by throwing in the towel. It is obvious that due to health challenges, he can no longer continue as the President of Nigeria. History will celebrate him if he takes this heroic decision. Ibrahim Babangida lost it all by refusing to announce MKO Abiola winner of the 1993 presidential election.
Let Buhari not tread the same part of Babangida, because Wailers like me will celebrate him as an icon of democracy if he chooses to resign now and allow his vice, Yemi Osinbajo to continue where he stopped.
Babangida will only be celebrated by a few elites that benefited from his regime in death and ignored by the Talakawas, let Buhari learn from this. [myad]