{"id":104008,"date":"2023-04-02T22:45:37","date_gmt":"2023-04-02T21:45:37","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=104008"},"modified":"2023-04-02T22:45:37","modified_gmt":"2023-04-02T21:45:37","slug":"governors-meet-with-efcc-icpc-firs-cbn-on-tuesday-over-security-votes","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/governors-meet-with-efcc-icpc-firs-cbn-on-tuesday-over-security-votes\/","title":{"rendered":"Governors meet with EFCC, ICPC, FIRS, CBN on Tuesday over security votes\u00a0"},"content":{"rendered":"
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The thirty- six State Governors under the aegis of the Nigeria Governors\u2019 Forum, NGF have concluded arrangements on how to meet with the Economic and Financial Crimes Commission, EFCC and\u00a0\u00a0the Independent Corrupt Practices and other related offences Commission (ICPC) on how\u00a0 to manage their states\u2019\u00a0 Security votes.<\/div>\n
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\nAlso to be\u00a0at the meeting slated for Tuesday, April 4th through virtual to brainstorm on\u00a0\u00a0thorny issues surrounding security votes allocated to States\u00a0are\u00a0the Federal Inland Revenue Service, FIRS and the Central Bank of Nigeria, CBN.<\/p>\n

According to a statement signed by NGF Director, Media Affairs,\u00a0 AbdulRazaque Bello-Barkindo, the\u00a0\u00a0meeting will\u00a0take place virtually on Tuesday, April 4 and that the Director- General of NGF,\u00a0Asishana Bayo Okauru\u00a0said that\u00a0 the\u00a0agencies expected to be at the meeting include the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and other related offences Commission (ICPC), the Federal Inland Revenue Service(FIRS) and the Central Bank of Nigeria (CBN).<\/p><\/div>\n

\nSecurity vote is a monthly allocation given to state governments for improved security.<\/div>\n
<\/div>\n
\u00a0\u201cThe monthly fund runs into billions of naira and vary based on the level of security required by the individual state.\u201d<\/p>\n

The statement read, \u201cGovernors of the 36 states of the federation are to meet with all the economic and financial agencies in the country, with a view to ironing out thorny issues surrounding their states\u2019 security votes, towards establishing a better option of managing the funds.<\/p>\n

\u201cThe meeting, which is to take place on Tuesday April 4, according to an invitation issued by the Director General of the Nigeria Governors\u2019 Forum, Mr. Asishana Bayo Okauru, will be virtual, to ensure full attendance by all the relevant officers in the matter.<\/p>\n

\u201cThose invited to the meeting include the Economic and Financial Crimes Commission, EFCC, the Independent Corrupt Practices\u00a0and other related offences\u00a0Commission, ICPC, the Federal Inland Revenue Service, FIRS and the Central Bank of Nigeria, CBN.<\/p>\n

\u201cFurthermore, the meeting will also consider deepening the management and expansion of the cashless policy which took effect from the time of the redesigning of the national currency, the Nigerian Naira, last year, to further the financial inclusion of all citizens in the ensuing scheme of things, going forward.<\/p>\n

\u201cThis meeting is called at the instance of the Nigeria Financial Intelligence Unit, NFIU, in its letter of 30th March, which was addressed to the Chairman of the NGF and signed by the NFIU Director, Modibbo Hamman Tukur.<\/p>\n

\u201cThe letter said that apart from the facilities for national financial inclusion, it is also putting on the table the uniform development and cooperation on the national addressing and post code project, which will put Nigeria on the same pedestal as all advanced countries across the globe.<\/p>\n

\u201cAlso on the agenda is a consensus on harmonizing and updating the national tax collection and business entry standards and its requirements to help respond to the FATF and the EU grey listing in which Nigeria appeared.<\/p>\n

\u201cAll Governors are advised to prioritize the meeting as its contents had been discussed at the NGF emergency meeting of Thursday 30th March, where it was unanimously agreed that a meeting with the afore-mentioned agencies was imperative.\u201d<\/p>\n

Recall that over the years, whatever Nigerians have\u00a0 heard about the real amount being appropriated to state governors in Nigeria as security has remained a guess work, just as even those in the corridors of power, have described security votes as humongous amount of money that is spent by governors unaccounted for.
\nWikipedia had noted that security votes have not been widely accepted by citizens, as most have claimed that such funds are being abused by the state governments, because how the funds are disbursed is not accountable to any agency.<\/p>\n

According to Transparency International, Nigeria allocates an estimated N241.2 billion (about $670 million) to security votes annually.<\/p>\n

The international governance and rights watchdog had decried Nigeria\u2019s annual allocation to security votes, saying that it is more than the Nigerian Army\u2019s annual budget, 70 percent more than the Nigerian Police Force annual budget, and far higher than the United States of America and United Kingdom\u2019s security assistance to Nigeria.<\/p>\n

Transparency International said that since 2012, the US has spent $68.6 million in security assistance to Nigeria, while the UK has given over $53.5 million (\u00a340 million) in counterterrorism support to Nigeria from 2016 to 2020.<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The thirty- six State Governors under the aegis of the Nigeria Governors\u2019 Forum, NGF have concluded arrangements on how to meet with the Economic and Financial Crimes Commission, EFCC and\u00a0\u00a0the…<\/p>\n","protected":false},"author":1,"featured_media":10087,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-104008","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nGovernors meet with EFCC, ICPC, FIRS, CBN on Tuesday over security votes\u00a0 - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/governors-meet-with-efcc-icpc-firs-cbn-on-tuesday-over-security-votes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Governors meet with EFCC, ICPC, FIRS, CBN on Tuesday over security votes\u00a0 - 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