– Dr George Uboh, CEO of Panic Alert
Security Systems speaks on the non-
compliance of some
ministries, departments and agencies to
TSA directive by President Muhammadu
Buhari
– Dr Uboh alleged that some top
government officials are hiding the truth
from the president
– Dr Uboh fingers EFCC as one of the
reasons why some politicians, ministers are
scared of saying the truth
Information reaching NAIJ.com has showed
that some of President Buhari’s ministers
might have misled him on the true state of
compliance with the Treasury Single Account
(TSA).
Contrary to claims made by some top
ministers at different occasions that
ministries, department and agencies have all
complied with the TSA as ordered by
President Buhari on August 11, 2015, it
appears that a huge amount of federal
government funds were still trapped in some
banks in Nigeria.
These monies, according to the chief
executive officer of Panic Alert Security
Systems (PASS), Dr George Uboh were still
in some Nigerian banks as at March 2016,
seven months after the supposed deadline.
Dr George Uboh
In a chat with NAIJ.com, Dr Uboh said he
traced over $5.98 million, ₦47 billion and
€23.5 million of federal government funds to
nine banks in 27 days before the relationship
between his company and Mr Malami went
sour.
“However, the bone of contention is the failure
of the AGF, Mr Malami to recover the funds
that have been traced. Instead he wants PASS
to recover the funds when according to law he
(Mr Malami) is the one empowered to do this,”
Uboh informed NAIJ.com
Some of the MDAs said not to have
complied with the TSA include, Nigerian Port
Authority, Petroleum Technology
Development Fund, National Maritime
Authority (NMA), Economic and Financial
Crimes Commission (EFCC), and Bureau of
Public Enterprise (BPE).
Prior to the commencement of TSA, Nigeria
operated over 17,000 bank accounts which
fuelled corruption and lack of transparency
and accountability.
The accountant general of the federation,
Alhaji Ahmed Idris, and minister of finance,
Mrs Kemi Adeosun at different fora
reiterated that all ministries, departments
and agencies (MDAs) have complied with
the presidential directive.
This has been found to be misleading and
untrue.
According to Dr Uboh, one of the major
reasons why these top government officials
might have been unable to come clean to
the public as regards the non-compliance
with TSA and the recovery of FG-trapped
funds could be due to the undue influence of
EFCC.
Dr Uboh said the EFCC has a history of
scaring away top politicians, governors and
individuals who might have credible
information against some sharp practices
going on within the anti-graft agency.
He particularly made reference to the
controversy that erupted when he charged
EFCC to court on behalf of the Bayelsa state
government concerning the full repatriation
of funds recovered from former governor,
Alamieyeseigha Diepreye.
Bayelsa state government later claimed that
it never engaged anyone to take the matter
up on its behalf.
Dr Uboh had also accused former EFCC
bosses, Mrs Farida Waziri and her
successor, Mr Ibrahim Lamorde of hiding
funds of the EFCC in one of the new
generation banks.
Meanwhile, the federal government has
released details of the interim report on
financial and assets recovered from May
2015 to May 2016.
The details which was published by the
federal ministry of information revealed that
the Nigerian government has successfully
retrieved total cash
amount N78,325,354,631.82,
$185,119,584.61, £3,508,355.46 and €11,
250 .
Security Systems speaks on the non-
compliance of some
ministries, departments and agencies to
TSA directive by President Muhammadu
Buhari
– Dr Uboh alleged that some top
government officials are hiding the truth
from the president
– Dr Uboh fingers EFCC as one of the
reasons why some politicians, ministers are
scared of saying the truth
Information reaching NAIJ.com has showed
that some of President Buhari’s ministers
might have misled him on the true state of
compliance with the Treasury Single Account
(TSA).
Contrary to claims made by some top
ministers at different occasions that
ministries, department and agencies have all
complied with the TSA as ordered by
President Buhari on August 11, 2015, it
appears that a huge amount of federal
government funds were still trapped in some
banks in Nigeria.
These monies, according to the chief
executive officer of Panic Alert Security
Systems (PASS), Dr George Uboh were still
in some Nigerian banks as at March 2016,
seven months after the supposed deadline.
In a chat with NAIJ.com, Dr Uboh said he
traced over $5.98 million, ₦47 billion and
€23.5 million of federal government funds to
nine banks in 27 days before the relationship
between his company and Mr Malami went
sour.
“However, the bone of contention is the failure
of the AGF, Mr Malami to recover the funds
that have been traced. Instead he wants PASS
to recover the funds when according to law he
(Mr Malami) is the one empowered to do this,”
Uboh informed NAIJ.com
Some of the MDAs said not to have
complied with the TSA include, Nigerian Port
Authority, Petroleum Technology
Development Fund, National Maritime
Authority (NMA), Economic and Financial
Crimes Commission (EFCC), and Bureau of
Public Enterprise (BPE).
Prior to the commencement of TSA, Nigeria
operated over 17,000 bank accounts which
fuelled corruption and lack of transparency
and accountability.
The accountant general of the federation,
Alhaji Ahmed Idris, and minister of finance,
Mrs Kemi Adeosun at different fora
reiterated that all ministries, departments
and agencies (MDAs) have complied with
the presidential directive.
This has been found to be misleading and
untrue.
According to Dr Uboh, one of the major
reasons why these top government officials
might have been unable to come clean to
the public as regards the non-compliance
with TSA and the recovery of FG-trapped
funds could be due to the undue influence of
EFCC.
Dr Uboh said the EFCC has a history of
scaring away top politicians, governors and
individuals who might have credible
information against some sharp practices
going on within the anti-graft agency.
He particularly made reference to the
controversy that erupted when he charged
EFCC to court on behalf of the Bayelsa state
government concerning the full repatriation
of funds recovered from former governor,
Alamieyeseigha Diepreye.
Bayelsa state government later claimed that
it never engaged anyone to take the matter
up on its behalf.
Dr Uboh had also accused former EFCC
bosses, Mrs Farida Waziri and her
successor, Mr Ibrahim Lamorde of hiding
funds of the EFCC in one of the new
generation banks.
Meanwhile, the federal government has
released details of the interim report on
financial and assets recovered from May
2015 to May 2016.
The details which was published by the
federal ministry of information revealed that
the Nigerian government has successfully
retrieved total cash
amount N78,325,354,631.82,
$185,119,584.61, £3,508,355.46 and €11,
250 .
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