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FEC ratifies $3.1bn Customs modernisation project

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images 30 FEC ratifies $3.1bn Customs modernisation project

The Federal Executive Council (FEC) has approved $3.1 billion for the end-to-end automation of the Nigeria Customs Service (NCS).

Minister of Finance, Budget and National Planning, Zainab Ahmed, made the disclosure at the end of the 14th virtual Federal Executive Council meeting, yesterday.

Ahmed, alongside the Attorney-General and Minister for Justice, Abubakar Malami; Works and Housing, Babatunde Fasola; Information and Culture, Lai Mohammed; Aviation, Hadi Sirika; and Communications and Digital Economy, Dr. Isa Ali Pantami, said the funds would be sourced solely by the concessionaires who would be in charge of the project for 20 years.

The minister, who said government was targeting $176 billion revenue from the project, explained that the project would enable the complete automation of NCS processes and procedures using applications and information and technology in all aspects of Customs administration.

Ahmed said the project was awarded in favour of a firm, E. Customs HC Projects Nigeria Limited, for a concessionary period of N20 years: “The main objective of the project is to completely automate every aspect of the customs business and to institutionalize the use of smart and emerging technologies that will enhanced the statutory function of the Nigeria Customs Service in the areas of revenue generation as well as trade facilitation and enhancement of security.”

The minister said the consortium, the PPP group approved for the project, was led by Messrs Y. Technologies, with four other members.

“The key point is that it is not costing the Federal Government anything. The $3.1 billion being proposed will be sourced by the sponsors and the partners.”

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DSS Agent Killed In Shoot- Out With Gunrunners In Plateau State

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5f6d01e957d14 DSS Agent Killed In Shoot- Out With Gunrunners In Plateau State

An officer of the Department of State Services in Plateau State, Barrister Muktar Modibbo, has died after armed gunmen in a gunrunning ring opened fire on him and other officers during an operation.
A top security source within the DSS told on Thursday that the incident occurred during a raid on the criminals’ hideout in Shendam Local Government Area of the state.
The gunrunners, who supply illicit weapons to sinister groups that perpetuate violence within the state, were initially traced to Qu’anpan Local Government Area by the secret police but the operation was aborted after it was discovered that intel had leaked to the gunrunners, who then swiftly changed location.
The security source said after receiving new intelligence that the arms smugglers were in Shendam, a team was constituted to burst their operation.
The operation was, however, met with heavy shooting from the criminals, who were well equipped with sophisticated firearms and seemed to have had prior intel about the raid.

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To Boost Revenues , FG Posts Treasurers To MDAs

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images 89 2 To Boost Revenues , FG Posts Treasurers To MDAs

The Federal Government on Tuesday commenced the deployment of professional treasury officers to revenue generating ministries, departments and agencies in a bid to improve the country’s revenue base.
Minister of Finance, Budget and National Planning, Zainab Ahmed, said an important sector with huge potential was the revenue generation arm of the Federal Government Owned Entities.
Ahmed spoke in Abuja at the orientation for directors of revenue in FGOEs organised by the Office of the Accountant-General of the Federation.
She said, “You may all wish to know that analysis of budgets of some of the FGOEs shows that these entities have the capacities, if properly managed, to significantly improve the revenue base of the Federal Government.
“It is in this light that the deployment of the treasury directors is considered expedient to the selected FGOEs as a pilot test.”
The minister explained that the deployment of directors of revenue to the FGOEs was in compliance with presidential approval that was conveyed via the Secretary to the Government of the Federation’s circular with reference SGF.50/S.3/C.9/24, dated October 16, 2018.
She said the circular was on the approved Revenue Performance Management Framework for Government Owned Enterprises.
Ahmed said the government was increasingly concerned about the dwindling profile of revenues, adding that the trend had to be quickly arrested particularly with key revenue generating agencies of government.

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FEC Approves ₦745 Million To Hire Auditors For NDDC

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images 88 2 FEC Approves ₦745 Million To Hire Auditors For NDDC

The Federal Executive Council (FEC) on Wednesday approved N745 million for the hiring of additional forensic field auditors for the audit of the Niger Delta Development Commission (NDDC).
The Minister of Niger Delta Affairs, Sen. Godswill Akpabio, also disclosed that the council approved the hiring of auditors to ensure that whatever comes out of the forensic audit is acceptable not just in Nigeria but to the international community.
Akpabio said: “The memo that was presented by the Ministry of Niger Delta Affairs was a concluding memo on the procurement of Field Forensic Auditors for the forensic audit of the Niger Delta Development Commission and today the council approved additional forensic field auditors at a total sum of about N745.2 million.
“This brings the total number of field forensic auditors to 16 in addition to the earlier approved Lead Forensic Auditors, Messrs Olumiluwa Bashir and Co.
“These people are now going to be in charge of the nine states of the Niger Delta which has been divided into 16 lots. As I stated earlier, lots one is Ernst and Young for the headquarters.
“They will be undertaking the 19 years of audit and also bring out the organigram for the restructuring of the NDDC for better performance in future.’’
The minister added that the council equally approved the need to attach in
vestigative security agencies to each of the team to ensure transparency in the exercise.

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