Lessons From Adeosungate By Reuben Abati

Nigeria’s former Minister of Finance (2015-2018), Kemi Adeosun threw in her letter of resignation on Friday, September 14, to bring to a temporary closure, the public outcry and the embarrassment that her possession of a fake National Youth Service Corps Exemption Certificate had generated since July when it was first reported. Her letter of resignation in which she blames “trusted associates” for the mishap and explains her innocence, reads like the abstract of a future memoir in which she is likely to do her utmost best to ensure that her…

Between Adeosun’s Forged NYSC Certificate and Ayodele James’ Fake ICAN Certificate By Farooq A. Kperogi, Ph.D. Twitter: @farooqkperogi

The reader is probably asking, “Who in the world is Ayodele James?” Well, Lebi-Ayodele James made headlines on July 13 when an Abuja High Court sentenced him to a two-year jail term—and asked him to refund N100,000 to the government in restitution—for forging an Institute of Chartered Accountant of Nigeria (ICAN) certificate, a coveted professional license for accountants. He was convicted of “forgery of certificate contrary to section 25(1)(a) and punishable under section 25(1)(b) of the ICPC Act 2000 and being in possession of a forged document contrary to section…

Kemi Adeosun Resigns

Daily Trust reports that she resigned over the case of her alleged falsified National Youth Service Corp(NYSC) certificate. Although TheCable could not get an official confirmation of the report, it gathered that the minister was still at the ministry working as at Friday afternoon. Adeosun reportedly failed to participate in the NYSC programme as at when due. The NYSC programme is mandatory for all graduates to qualify for gainful employment in Nigeria. According to a report by Premium Times , the minister’s exemption certificate was purportedly signed in September 2009…

FG ,other Countries Share Data on Overseas Bank Accounts, Property Owned by Nigerians

The Federal Government of Nigeria and some foreign countries, including the United Kingdom Government, have commenced the Automatic Exchange of Tax Information (AETI), particularly on overseas assets held by Nigerians. The Honourable Minister of Finance, Mrs. Kemi Adeosun, confirmed this on Friday in Abuja during the presentation of Progress Report on Tax Laws Reform by the Vice Chairman of the National Tax Policy Implementation Committee, Mr. Taiwo Oyedele. The Minister expressed satisfaction with the data being supplied to Nigeria by foreign countries under the AETI, to which the country became…

UN Appoints Adeosun into Pension Fund’s Investments Committee

The Global organisation, United Nations, has appointed Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, into the Investments Committee of the United Nations Joint Staff Pension Fund (UNJSPF). The Under-Secretary-General of United Nations, Jan Beagle, who confirmed Adeosun’s appointment, disclosed that the Minister would serve a one-year term of office effective from January 1, 2018. Beagle said, “On behalf of the Secretary-General, I have the honour to inform you that at the 55th plenary meeting of the seventy-second session of the General Assembly, the General Assembly decided to appoint you as…

GOV SANI-BELLO VISITS FINANCE MINISTER .. Says Niger Loses N15bn Annually To Wrongful Tax Remittances

Governor Abubakar Sani-Bello, on Monday, said the State Government has been losing N15 billion annually to Federal Capital Territory through wrongful tax remittances. Alhaji Sani-Bello said this in Abuja during a courtesy visit to the Minister of Finance, Kemi Adeosun, at  the Ministry headquarters in Abuja The Governor was at  the Ministry headquarters in Abuja to seek support of the finance Minister on improving the state’s Internally Generated Revenue IGR     Governor Sani-Bello said that at the moment, the State was generating about N400 million monthly as IGR. He…

Gwarzo’s Suspension: I cannot be blackmailed – Adeosun

The Finance Minister, Kemi Adeosun has said that she would not be intimidated by reactions trailing the suspension of the Director General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo. Mrs Kemi Adeosun said this in a statement signed by her Media Adviser, Oluyinka Akntunde and made available to Economic Confidential in Abuja, she said the decision to suspend Gwarzo was in order. The statement reads : “The attention of the Honourable Minister of Finance has been drawn to some misleading and mischievous media reports regarding the suspension…

N431m Whistleblower Money Ready For Payment- Adeosun

The Minister of Finance, Mrs. Kemi Adeosun, has said a total of N421.33m is ready to be paid to whistleblowers for the November batch. She said the amount included that of the whistleblower for the cash recovered from a building in Osborne Road, Ikoyi, Lagos. Adeosun disclosed this on Wednesday while answering questions from State House correspondents after the weekly meeting of the Federal Executive Council presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja. She said the money would be paid to the whistleblower who signed…

ADEOSUN SUSPENDS GWAZO, 2 OTHERS.

The Honourable Minister of Finance, Mrs. Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo, from Office, to allow for an unhindered investigation of several allegations of financial impropriety leveled against the Director-General. According to a statement signed by Patricia Deworitshe, Deputy Director, Press, Federal Ministry of Finance The suspension was in line with the Public Service Rules (PSRs) 03405 and 03406. .The Honourable Minister has set up an Administrative Panel of Inquiry (API) to investigate and determine the culpability of the…