Thread by @JohnFanimokun

As we are about to finish this year, let us nourish our knowledge about some of the ways @MBuhari's administration has done to tackle corruption in Nigeria since 2015..

Let's take a look....

~ This administration implemented the Treasury Single Account(TSA) which the formal administration launched in 2012, but failed to gain traction until President @MBuhari's executive order in 2015.

the TSA allows the managers of the govt's finances to have a comprehensive overview of cash flow across the entire Government.

As at March 2018,about 1,674 MDAs had enrolled into the TSA, up from 766 in Dec. 2016 and inflow of N8.9T had been recorded from MDAs, as at March 2018.

~ The Whistleblowing Policy introduced by the Federal Ministry of Finance in December 2016 has since yielded several recoveries...this include N13.8B from tax evaders, and N7.8B, $378M and £27,800 in recoveries from public officials targeted by the whistleblowers.

~ The National Economic Council(NEC) under the chairmanship of Vice President @ProfOsinbajo, approved the audit of key federal revenue generating agencies, which has so far yielded a total sum of N526B and $21B..

Note: The money was underpaid to Federation Account between 2010 &2015.
NEC has now approved the extension of that audit to cover the period until June 2017.

~ Also, Buhari's Administration said it is addressing the issue of poor levels of remittance of operating surpluses by Ministries, Departments and Agencies (MDAs) of government..

For example, it said from remitting only N51 million between 2010 and 2016, the Joint Admissions and Matriculation Board @JAMBHQ, went on to remit N7.8 billion in 2017, and is on course to remit a similar amount in 2018.

~ This administration has also submitted an Executive Bill for the Mutual Legal Assistance in Criminal Matters between Nigeria and other foreign countries to facilitate the 'identification, tracing, freezing, restraining, recovery, forfeiture and confiscation of proceeds, ...

property and other instrumentalities of crime, in February 2016'. This Bill was passed into law in May 2017.

~ Also, this administration has signed agreements and MOUs with various countries to boost international cooperation for the investigation, tracking, freezing and return of stolen assets.

~ Buhari's government set up the Presidential Initiative on Continuous Audit (PICA), which is aimed at strengthening controls over government's finances through a continuous internal audit process across all MDAs, particularly in respect of payroll...

through the activities of PICA, 54000 fraudulent payroll entries have been identified, with payroll savings of N200B.

~ Under this administration, the @NNPCgroup has been publishing its Performance Monthly Report in Newspaper and various New Media platforms, this helps to improve the transparency and probity in the NNPC.

Also, the Petroleum Industry Governance Bill (PIGB), which was drafted by the Federal Ministry of Petroleum Resources, has now been passed into law by the NASS after 17 years of failed efforts.

~ This present government has exited the cash call arrangement by which the NNPC traditionally funded its share of the crude oil exploration and production Joint Ventures(JVs) with International Oil Companies(IOCs)..

this cash call obligations had consistently put pressure on the FG's finances, and a failure to fully fund them has resulted in the accumulation of debt arrears of $6.8B, as at December 2015...

The $6.8B have been successfully negotiated down to $5.1B by the FG, translating into immediate saving of $1.7B and a long term repayment plan has been drawn up for the balance of $5.1B.

~ This administration has also establish some reforms in the Judiciary arm of the government in it fights against corruption, one of these reforms is the creation of Presidential Advising Committee Against Corruption(PACAC), which promote the reform agenda of the government...

on the anti-corruption effort, and advise the administration in the prosecution of the war against corruption.

PACAC has trained both federal and state prosecutors on proper drafting of charges and also helped anti-corruption agencies devise clearer strategies for obtaining...

forfeiture of assets suspected to have been acquired fraudulently, mainly from state coffers, before prosecuting suspected culprits.

~ Nigeria participated in the International Anti corruption Summit Organised by the UK Govt. in May 2016 where @MBuhari pledged in the summit that 🇳🇬 would join the Open Government Paternership(OGP), an international transparency, accountability and citizen engagement initiative.

I believe that after some of you might have read and comprehend this thread, the Patriotic ones will understand that those who said CORRUPTION doesn't affect the economy of a country are ROGUES and THIEVES.

HAPPY NEW YEAR TO YOU ALL!