13052019 - NSITF: Kokori, Labour tackle Presidency
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Vanguard, MONDAY, MAY 13, 2019—9<br />
CBN dismisses fraud allegations against top officials<br />
By Babajide<br />
Komolafe<br />
CENTRAL Bank of<br />
Nigeria, CBN,<br />
yesterday, dismissed as<br />
false and misleading<br />
allegations of fraudulent<br />
transactions against its top<br />
officials with respect to a<br />
purported N150 billion bad<br />
loan in its accounts for<br />
2018.<br />
In a statement issued<br />
yesterday, Director,<br />
C o r p o r a t e<br />
Communications, CBN,<br />
Isaac Okoroafor, said: “The<br />
Management of the<br />
Central Bank of Nigeria,<br />
CBN, has been notified of<br />
a purported audio<br />
recording of selective<br />
conversations between the<br />
CBN Governor, Deputy<br />
Governor and some senior<br />
UNILEVER'S AGM: From left—Non-Executive Director; Mrs. Abiola Alabi; Non-Executive<br />
Director, Mr. Atedo Peterside; Independent Non-Executive Director, Mr. Mutiu Sunmonu, and General<br />
Counsel, Ghana-Nigeria & Company Secretary, Mrs. Abidemi Ademola, all of Unilever Nigeria Plc,<br />
during the company's 94th Annual General Meeting.<br />
Insecurity: We’re up to task,<br />
<strong>Presidency</strong><br />
By Johnbosco<br />
Agbakwuru<br />
A BUJA—THE<br />
<strong>Presidency</strong> has said<br />
despite security challenges<br />
in some parts of the country,<br />
the Federal Government is<br />
up to the task of reversing<br />
the trend.<br />
Special Adviser to the<br />
President on Media and<br />
Publicity, Chief Femi<br />
Adesina, in a statement in<br />
Abuja yesterday,<br />
enumerated efforts by the<br />
President Muhammadu<br />
Buhari-led administration<br />
to <strong>tackle</strong> the menace and<br />
affirmed that it was<br />
government’s<br />
responsibility to safeguard<br />
the lives and properties of<br />
the citizens.<br />
He said: “These are no<br />
officials.<br />
“Contrary to the<br />
headline-grabbing<br />
narrative that the discussion<br />
was about a fraudulent<br />
transaction, this<br />
conversation—the<br />
beginnings of which was<br />
omitted to create a different<br />
impression— was simply to<br />
proffer solutions to a<br />
misunderstanding that<br />
affected the Bank’s balance<br />
sheet.<br />
“As publicly known, the<br />
CBN was approached in<br />
2015 by the National<br />
Economic Management<br />
Team and the National<br />
Economic Council, NEC,<br />
chaired by the Vice<br />
President, to assist state<br />
governments with<br />
conditional budget support<br />
in the aftermath of the<br />
significant nose-dive in<br />
doubt times of great security<br />
challenges for our country<br />
and the President<br />
Muhammadu Buhari-led<br />
government is not leaving<br />
any stone unturned to<br />
restore sanity and calm.”<br />
The presidential aide also<br />
assured that the<br />
government remained<br />
committed to its goal of<br />
beating the criminals.<br />
Adesina said: “It is the<br />
constitutional duty of<br />
government to safeguard<br />
lives and properties. The<br />
Buhari administration<br />
remains committed to this,<br />
and despite recent spikes<br />
in the spate of crime and<br />
criminality, the evildoers<br />
will be beaten, and badly,<br />
too.<br />
“The ravening clouds can<br />
never be victorious. Soon,<br />
global oil prices and<br />
associated FAAC<br />
allocations.<br />
“In order to ensure that<br />
ordinary Nigerian workers<br />
got their salaries, pensions<br />
and gratuities, and that the<br />
economy continued to<br />
recover from recession, the<br />
bank provided about N650<br />
billion in loans at 9% with a<br />
two-year grace period to 35<br />
states of the Federation.<br />
“These monies were<br />
distributed to the states<br />
monthly with documented<br />
approval of the Ministry of<br />
Finance and the<br />
<strong>Presidency</strong>.<br />
“In closing the Bank’s<br />
2018 accounts, external<br />
auditors in their draft<br />
account, erroneously<br />
classified about N150<br />
billion of these loans as<br />
bad, which negatively<br />
they shall no longer possess<br />
the sky.”<br />
He listed some of the<br />
security initiatives taken<br />
since January to include<br />
Operation Puff<br />
Adder (Nigerian<br />
Police), Operation HARBIN<br />
KUNAMA 3 (Nigerian<br />
Army) and Exercise Egwu<br />
Eke 3 (Nigerian Army)<br />
launched to complement<br />
the<br />
existing<br />
Operations Sharan<br />
Daji (launched in 2016 by<br />
the Nigerian Army)<br />
a n d D i r a n<br />
Mikiya (launched in 2018<br />
by the Nigerian Air Force).<br />
The statement read in<br />
part: “All of these operations<br />
are focused on tackling<br />
banditry and criminality in<br />
the North-West of Nigeria.<br />
“Operation HARBIN<br />
KUNAMA 3 was launched<br />
on April 1, to ensure the<br />
complete defeat of the<br />
bandits fleeing military<br />
affected the bank’s balance<br />
sheet and shareholders<br />
fund.<br />
“The selective<br />
conversation being<br />
circulated was simply a<br />
discussion to ascertain why<br />
the auditors took that<br />
position and next steps to<br />
resolving it.<br />
“Obviously, it soon<br />
became clear that a state<br />
government loan cannot be<br />
classified as “bad” or<br />
“irrecoverable” when the<br />
state still exists and getting<br />
FAAC allocations.<br />
“The bank then reached<br />
out to the Ministry of<br />
Finance and they jointly<br />
gave comfort to the auditors<br />
who accepted in writing<br />
that these monies would be<br />
repaid.<br />
“On this basis, the<br />
auditors reversed the<br />
operations in Zamfara and<br />
escaping into Kaduna,<br />
Katsina, Kano, Niger and<br />
Sokoto states.<br />
“Hundreds of kidnappers<br />
and bandits have been<br />
arrested or killed since<br />
January, several camps/<br />
hideouts destroyed; and<br />
hundreds of hostages<br />
rescued.<br />
“In a two-week operation<br />
in February (from February<br />
4 to 14), 80 hostages were<br />
freed by the Nigerian Army,<br />
with 37 bandits killed.<br />
“Aerial bombardments of<br />
bandits’ camps have been<br />
intensified in recent<br />
months. A new Air Force<br />
Base — the 271 Nigerian<br />
Air Force Detachment (271<br />
NAF Det)— was commissioned<br />
at Birinin Gwari in<br />
Kaduna State in May, to<br />
complement the 207 Quick<br />
Response Group, QRG,<br />
established in Gusau,<br />
Zamfara State, in 2017.”<br />
negative entry and the<br />
certified that the CBN’s<br />
2018 accounts were a true<br />
reflection of the state of<br />
affairs.<br />
“Reconciliation of<br />
balance sheet items are<br />
regular conversations<br />
among senior<br />
management of many<br />
agencies and should not<br />
be misconstrued as<br />
anything but that.<br />
“Had the online media<br />
which released the<br />
selective recordings<br />
sought the comments of<br />
CBN as required of<br />
journalism practice, we<br />
would have provided it.<br />
“Clearly, those who<br />
listened to the audio can<br />
easily ascertain that the<br />
conversation had nothing<br />
to do with anything<br />
fraudulent as purported.”<br />
HEALTH TIPS<br />
By Sola Ogundipe<br />
Relief for indigestion<br />
WHEN you have<br />
indigestion, your belly<br />
hurts and you may feel sick.<br />
Indigestion affects the<br />
lining of the stomach in the<br />
upper abdomen and can be<br />
caused by lifestyle choices<br />
and medication. If you’re<br />
feeling the unpleasant<br />
symptoms of indigestion,<br />
there are simple tips for<br />
relief.<br />
A good start is to be aware<br />
of common causes that<br />
include spicy, greasy and<br />
fatty foods, as well as foods<br />
with a lot of acid like citrus<br />
and tomatoes.<br />
Keep a food diary. Note<br />
that it can take up to 72<br />
hours for food to cause a<br />
flare-up of indigestion.<br />
Note what you ate and the<br />
time you ate it, it can help<br />
you deduce what it is that’s<br />
bothering your belly.<br />
Eat slowly. It’s not just<br />
what you eat that can cause<br />
indigestion; it’s also how<br />
quickly you eat. Sit down<br />
Army, ISWA<br />
in claims,<br />
counterclaims<br />
over<br />
Borno killings<br />
By Kingsley<br />
Omonobi<br />
& Ndahi Marama<br />
THE Nigerian Army<br />
and the Islamic State<br />
for West Africa, ISWAbacked<br />
Boko Haram<br />
insurgents were,<br />
yesterday, locked in claims<br />
and counter-claims over<br />
killings, weekend, in<br />
Borno State.<br />
While the Army said its<br />
troops, on clearance<br />
operations in the North-<br />
East, engaged Boko<br />
Haram terrorists in<br />
several communities in<br />
Borno, eliminating<br />
several of them and<br />
recovering several arms<br />
and ammunition with two<br />
soldiers sustaining<br />
injuries, the terrorists<br />
claimed that they killed<br />
11 soldiers.<br />
However, the Army<br />
insisted that no soldier<br />
died.<br />
Giving details of the<br />
operations, Col Sagir<br />
Musa, Acting Director,<br />
Army Public Relations,<br />
said: “Troops of 121 and<br />
192 Battalions of<br />
Operation Lafiya Dole in<br />
collaboration with<br />
Civilian JTF and local<br />
vigilantes, on May 10<br />
continued with clearance<br />
operations to end Boko<br />
Haram terrorism.”<br />
when you eat your meals.<br />
Eat less. Over-eating<br />
can also trigger indigestion.<br />
Eating several small meals<br />
throughout the day can<br />
help. Avoid eating right<br />
before bed.<br />
Swallowing too much air<br />
while eating is also a risk.<br />
Avoid that by chewing with<br />
your mouth closed and<br />
talking less while eating.<br />
Avoid drinking with your<br />
meals. Try to limit drinking<br />
fluids to 20 minutes before<br />
or after a meal. Try sips of<br />
room-temperature water.<br />
Avoid taking soft drinks,<br />
alcohol and caffeine with<br />
your meals.<br />
Exercise at the right time<br />
after a meal.<br />
If indigestion flares, try a<br />
cup of peppermint, ginger<br />
or chamomile tea to<br />
neutralise stomach acid.<br />
Listen to your body. Pay<br />
attention to how specific<br />
meals make you feel—and<br />
take it from there.