www.peoplesdaily-online.com
Vol. 9 No. 88
Wednesday, December 12, 2012
. . . putting the people first
Al-Muharram 28, 1434 AH
N150
Govs demand $1bn from excess crude account By Abdulrahman Abdulraheem
D
Plateau state workers, protesting the non-payment of their salaries, yesterday at Joseph Gomwalk Secretariat in Jos. Photo: NAN
N195bn federal pension funds missing By Richard Ihediwa
T
he Senate yesterday announced that a total of N195 billion pension funds may have gone into private purses as officials in pensions offices of federal agencies have failed to account for the whereabouts of the money. The amount, Senate said, is made up of unspent pension funds collected in the last five years. Stakeholders at yesterday’s resumed public hearing of the Sena-
tor Aloysius Etok-led Senate joint committee probing alleged fraud in the handling of pension funds in the country, were shocked when the committee reeled out figures of unspent pension fund that have remained unaccounted for in the last five years. The missing N195 billion, investigations by the committee revealed, are pension funds belonging to the Police, the Military, CusContd on Page 2
Jonathan wants N167bn for fuel subsidy for 20 days >> PAGE 2
AGENCY
>> PAGE 3
Contd on Page 2
PD INDEX
N44.2bn N23.5bn N26.1bn
$ £ EURO CFA RIYAL
N27.7bn N39.7BN
EURO £ RIYAL $
BUYING 154.76 249.02 201.11 0.2894 41.24
SELLING 155.76 250.63 202.41 0.3094 41.53
PARALLEL RATES
Report of the Petroleum Revenue Special Task Force >> PAGE 22
11th Dec., 2012
CBN RATES
MISSING FUND
Police pension office Military pension office Dept of State Services Customs/Prisons/ Immigration Office of HOS
N4bn fraud: EFCC declares ex-Kogi governor wanted
espite the ongoing dispute in the Supreme Court between the Federal Government and state governments, governors of the 36 states of the Federation have tabled a request for the release of 1 billion dollars to them from the excess crude account. The request was made yesterday when the National Economic Council (NEC) met for five hours behind closed doors at the Council Chambers of the Presidential Villa. The governors had on Monday met under the umbrella of the Nigeria Governors’ Forum (NGF) at the Rivers state Governors’ Lodge in Abuja to take a decision on how to present the case before NEC which met yesterday. Presenting their case before the NEC meeting chaired by Vice President Mohammed Namadi Sambo, the governors said the money had to be urgently disbursed to them to take care of their respective new projects and complete ongoing ones. Fielding questions from State House correspondents after the briefing, the Deputy Governor of
BUYING 207 255 42 157
SELLING 209 256 44 158