Why Nigeria's Anti-graft Agency, EFCC Arrested Ex-SGF, Anyim Pius Anyim

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ECOLOGICAL FUND SHORTFALL While serving as SGF in 2012, Mr. Anyim was linked to shortfalls of about N396 billion in the Ecological Funds deductions. Subsequently, he was invited by the Senate Committee on Special Duties and House Committee on Environment to provide details of how money for the Ecological Fund office was spent but he never showed up in any of the committees. The report by the house committee reads, “the Statement of Affairs presented by the Accountant General indicates that 1.46 percent was used in calculating inflows into the fund from January 2003 to December 2003.” This according to the statement was later reviewed downward to 1 percent from January 2004 to June 2012, in complete violation of the provision of the Federation Account Act which provides for 2 percent. The report also notes N93.8 billion was transferred from the Ecological Fund Account to Consolidated Revenue Fund (CFR) and Federation Account to fund the acceleration of capital budget advances to states and local governments to meet shortfalls and funding of 2009 as well as Third Quarter Development Funds Warrant etc. The House report said of the amount, only N50 billion was paid back leaving a shortfall of N43.7 billion unpaid. “The submissions under review also indicated that a total loan of N60,750,000,000.00 was taken from the Ecological Fund Account by both the Federal and State Governments for purposes not related to Ecological problems,” the report also stated. Of this loan, only N30.5 billion was repaid, the report states. The failure of Mr. Anyim and the then Environment Minister, Hadiza Mailafia, to appear before the Senate committee halted further probe into how the funds were being spent. Premium Times also reports that the arrest of the former SGF is also believed to be linked to his alleged involvement in fraud in the execution of the multi-billion dollars Centenary City Project. The Centenary City Project was initiated by former President Jonathan to mark the 100 years of amalgamation of Nigeria’s Southern and Northern protectorate by Britain. Mr. Anyim was alleged to own about 3, 000 acres of land at the centenary city. To Receive SKYTREND NEWS Alerts On WhatsApp, Add 0802 739 7554; For Adverts Enquiries, Whatsapp 0802 739 7554, Send Articles & News Stories To editor@skytrendnews.com. READ ALSO! First Bank’s Appalling Customer Service And Utter Disregard For Its Customers READ ALSO! Between GoDaddy And Namecheap: Making The Best Choice For Domain Name Registrar READ ALSO! Google Developing New Tools To Enhance Article Search For News Publishers On Subscription READ ALSO! The Hurdles Nigerian Youths Must Cross By 2019, By Dele Momodu READ ALSO! The Internet’s Future Lies With Its Next Billion Users — Sundar Pichai, Google CEO READ ALSO! Nigerian Filmmaker, Zuriel Oduwole Makes Forbes List Of 100 Most Influential African Women READ ALSO! Woman Marries Her Son After Getting Pregnant For Him READ ALSO! Smartphone Sales Fall As Samsung, Apple Consolidate Market Share READ ALSO! The Smart CEO: Top 5 Websites To Get Cheap Domain Name Registration ]]>