Certificate Forgery: SERAP Gives NYSC 7 Days To Provide Document On Adeosun


Finance Minister, Mrs Kemi Adeosun


The Socio-Economic Rights and Accountability Project (SERAP) on Thursday, gave the National Youth Service Corps (NYSC) seven days to provide documents for the Finance Minister, Mrs Kemi Adeosun’s Discharge Certificate.

A statement signed by the group’s Deputy Director, Mr Timothy Adewale, released in Abuja, said that SERAP, leveraging Freedom of Information Act, had forwarded a request, asking Director-General NYSC, Brig-Gen. Sule Kazaure, to release the documents.

Adewale said that the request urged Kazaure to urgently provide information on specific details and documents on the Exemption Certificate granted to the minister.

He said that if the information was not provided to SERAP within seven days of the receipt of the request, Registered Trustees of SERAP would take all appropriate legal actions.

“SERAP also asked Kazaure to provide information and documents on whether Mrs Adeosun applied for NYSC Exemption Certificate, and if she did, to clarify whether the NYSC actually granted her the certificate.

“SERAP also wants to know the circumstances and the provisions of the NYSC Act under which the Exemption Certificate was granted.

“This is because we need the information to determine if the crime of forgery has been committed and if so, to consider possible action in the circumstances.

“The action may also include but not limited to asking the Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, to pursue prosecution or for us to consider the option of a private prosecution.”

He said that the organisation believed that by providing the FOI request on the information and documents on the Exemption Certificate, NYSC would help put an end to any insinuation of complicity.

He said that by that act, NYSC would have displaced transparency and accountability in the discharge of its statutory mandates, adding that it would also contribute to improving the integrity and image of the corps.

According to Adewale, SERAP believes Mrs Adeosun remains innocent until the allegations against her are properly tested and proven beyond a reasonable doubt in a court of competent jurisdiction.

He said that continued silence of NYSC management on the matter may create an impression that an offence may have been committed, fuelling accusation that the management had something to hide.

The director stated that SERAP had urged the NYSC management to open up on the matter and provide information and documents as requested.

He said that this would be one step in the right direction, adding that SERAP was concerned about the perceived lack of transparency and accountability of NYSC management on the matter.

Adewale said that the development had seriously undermined public trust and confidence in NYSC as a public institution established to serve the public interest.

He recalled that NYSC management issued a statement confirming that the minister applied for an Exemption Certificate, and promised to ‘investigate the origin of the purported Exemption Certificate in question.”

He said, however, that SERAP was concerned that the statement lacked specificity as to whether Adeosun was issued the certificate.

Adewale pointed out that though the statement was issued on July 9, 2018, NYSC management had so far failed or neglected to publish the outcome of the investigation as promised.

“Nigerians are also entitled to the right to truth derived from the obligations of the government and its institutions to carry out an investigation into allegations of issues like forgery that have been levelled against Mrs Adeosun.”

According to him, there is a binding legal duty to ensure that documents containing information relating to the granting of any NYSC Exemption Certificate are widely disseminated.  (The Sun)


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We’ll Investigate Kemi Adeosun’s Exemption Certificate – NYSC |RN


Minister of Finance, Mrs Kemi Adeosun

Romanus Ugwu, Abuja

The management of the National Youth Service Corps (NYSC) has said that though the Minister of Finance, Mrs Kemi Adeosun, applied for an Exemption Certificate, it would, however, investigate the origin of the purported one in question.

The Finance Minister has been linked with multiple forgeries including an NYSC Exemption Certificate.

In a statement signed by the Director, Press and Public Relations of NYSC, Mrs Adeyemi Adenike, the service, however, failed to confirm the authenticity of the certificate it issued the embattled minister.

Titled “Re-Exemption Certificate of the Hon Minister of Finance, Mrs Kemi Adeosun”, the statement from the NYSC management read: “Our attention has been drawn to the issue of the alleged forgery of an NYSC Exemption Certificate by the Honorable Minister of Finance, Mrs Kemi Adeosun.”

“Checking our records, Mrs Adeosun did apply for an Exemption Certificate. We shall investigate the origin of the purported Exemption Certificate in question,” the statement read.  (The Sun)


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You Can’t Blackmail Me, Adeosun Replies Ex-SEC Boss, Gwarzo |The Republican News

From Uche Usim, Abuja

As the suspension of the former Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, continues to raise dusts in various quarters, the Minister of Finance, Mrs Kemi Adeosun has said that all the allegations of high-handedness leveled against her by the embattled ex-SEC boss were untrue and that she would not succumb to his cheap blackmail. 

Gwarzo had in several memos leaked to the media claimed that his suspension sprang from his blatant refusal to suspend the planned forensic audit of Oando Plc, which was not in consonance with Adeosun’s desires. 

In one of the leaked memos dated November 28, Gwarzo claimed Adeosun verbally directed him to discontinue the audit during a meeting he held with the Minister the previous day, which he objected to, before he was finally suspended on November 29. 

However, in a press briefing in Abuja yesterday, Adeosun described all the circulating memos as a cocktail of lies concocted to conceal the real reasons Gwarzo was suspended and perhaps blackmail her into reinstating a man she knows has a date with the law; as evidence of impunity gathered against him are overwhelming. 

She said: “For the avoidance of doubt, there was no directive whatsoever to discontinue investigation into Oando and this was reiterated to the current SEC leadership at the formal handover meeting. The fact that the investigation has continued further corroborates that this is the Minister’s position.  

“It should be noted that Gwarzo was queried by the Ministry on 3rd November and he responded on 7th November, 2017. His response to the query was deemed unsatisfactory and further investigation was ordered. Based on the evidence from that further work and creditable reports that documents were being unlawfully removed from SEC, as well as consultations with the Economic and Financial Crimes Commission (EFCC), the decision was taken to suspend Mr. Gwarzo”, Adeosun explained. 

Though the Minister agreed that there was indeed a meeting on Monday, November 27, she said it was for him (Gwarzo) to clarify some of his responses to the query issued, which were not consistent with documentary evidence. 

On the timing of Gwarzo’s suspension (coming two days after he claimed he refused suspending the forensic audit), Adeosun said nothing more to it other than the fact that the Ministry had raked in sufficient evidence and complied with the Public Service Rules (PSRs) to suspend him. 

Meanwhile, capital market experts and economic analysts have blamed the absence of Boards in some Ministries, Departments and Agencies (MDAs) for the fraud perpetuated by their heads. 

Since President Muhammadu Buhari dissolved the Boards of parastals shortly after he assumed office in 2015, many of them have remained without Boards. 

The development has made the affected agencies vulnerable to abuse by their heads, aside slowing down their operations, since some actions are meant to be taken at Board level.    (The Sun)

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BREAKING: Reps Seek Reversal Of SEC DG, Gwarzo’s Suspension |RN

Mounir-Gwarzo                                                                                      Mounir Gwarzo

John Ameh

The House of Representatives has resolved to probe the suspension of the Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, by the Minister of Finance, Mrs. Kemi Adeosun, over alleged financial abuses.

While this is on, lawmakers want both parties to “maintain the status quo” pending the outcome of the probe.   (Punch)

Details later…

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Nigeria Not At Risk Of Huge Debts, Says Adeosun |The Republican News


Minister of Finance, Mrs Kemi Adeosun

From Uche Usim, Abuja

As tongues wag over the avalanche of heavy offshore loans heaped on the country, the Minister of Finance, Mrs. Kemi Adeosun, yesterday said there was no cause for alarm as the Federal Government’s revenue and debt management strategy would mitigate its debt service risk to fast-track development.

The Minister, who welcomed the advice of Nigeria’s international development partners, including the International Monetary Fund (IMF), said the strategy would achieve a number of objectives that include: mobilising revenue whilst reducing the debt burden by lengthening the maturity profile, increasing foreign exchange reserves, reducing crowding-out of the private sector, and creating savings in debt service cost.

In addition, the Minister noted that the Federal Government was refinancing its inherited debt portfolio, adding that it will lead to significant benefits, particularly a reduction in costs of funds.

“The proposed refinancing of US$3 billion worth of short terms Treasury Bills into longer tenured international debt is expected to save N91.65 billion per annum.

“Other benefits of our revenue and debt management strategy include: improvement in foreign reserves as well as reduced domestic debt demand, which will reduce crowding-out of the private sector and support the aspirations of the monetary authorities to bring down interest rates,” the Minister added.

Adeosun stated that a key element of the economic reform strategy was the mobilisation of revenue to improve the debt service to revenue ratio.

This, she noted, was being undertaken through a number of initiatives including, the plugging of leakages and the deployment of technology revenue management.

She specifically cited the example of the Health Pay, a pilot cashless revenue project in the health sector, which recorded material increases in revenue.

She also mentioned the ongoing Voluntary Assets and Income Declaration Scheme (VAIDS), which is expected to impact positively the level of tax collections.

Adeosun said: “The difference in our economic strategy is that we are changing the mix of revenue sources available to government from the traditional oil or debt to a combination of oil, debt and domestic revenue.

“This is a long term strategic reform which is critical to our future economic growth and in the short term will enable our debt service to revenue ratio to improve.”

The government, according to her, does not see a significant devaluation risk as the implementation of the Economic Recovery Growth Plans (ERGP) reforms, over the medium term, is such that the naira is expected to strengthen.    (The Sun)

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Recoveries From Whistle-blower Policy Exceeded Our Expectations – Adeosun

                       Minister of Finance, Mrs. Kemi Adeosun

Ifeanyi Onuba, Abuja

The Minister of Finance, Mrs. Kemi Adeosun, on Sunday said that the recoveries, which the Federal Government had made through the implementation of the whistle-blower policy, had exceeded its expectations.

Adeosun stated this in an article written by her and made available to our correspondent by her Special Adviser on Communications, Mr. Oluyinka Akintunde.

The whistle-blower policy, which was launched in December 2016, is aimed at addressing the issues of corruption in the management of government resources.

In the article entitled: ‘Positioning Nigeria for a prosperous future’, Adeosun stated that the government was doing a lot to stop the level of corrupt practices in the country.

The minister did not provide the total amount recovered under the policy. However, as of June this year, the ministry said that the sum of N11.63bn had been recovered under the whistle blower policy with about N375.8m paid to 20 providers of information.

Adeosun said that the implementation of the Treasury Single Account system had assisted the government in consolidating thousands of accounts scattered across Deposit Money Banks into a unified system that was transparent and easy to centrally monitor and track.

She said under the old system, it was common for government accounts to be converted into personal use, adding that with the TSA, this was no longer possible.

The minister stated that while there was a lot of resistance to reform by vested interests within and outside the system, the Federal Government would not relent in pursuing its reforms.   (Punch)

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Nigeria Exits 90 International Bodies To Save $70m Per Annum |The Republican News



Minister of Finance, Kemi Adeosun


****Membership cost $70m annually

From Juliana Taiwo-Obalonye, Abuja

Nigeria has begun a process to exit 90 of 310 international organizations memberships.

The decision is coming after accumulating a backlog of $120 million in membership dues and other financial commitments which costs the nation an average of $70 million annually.

Minister for Finance, Mrs Kemi Adeosun disclosed this to State House Correspondents at the end of Wednesday’sFederal Executive Council (FEC) in Abuja, chaired by President Muhammadu Buhari, the first since he returned from the United Nations General Assembly in New York.

Adeosun, who briefed alongside the Minister of Foreign Affairs, moderated by the Senior Special Assistant on Media and Publicity, Garba Shehu, said the cabinet considered the report of an inter-ministerial committee which made the recommendations.

The minister did not name the particular organisations Nigeria will be withdrawing from but disclosed that the committee was given two weeks within which to review the recommendations after which a final decision will be taken by FEC.

Adeosun explained that the decision was taken because of the huge debts Nigeria was accumulating by her membership of some many of them with little or no benefits.

She said, “Basically Nigeria is a member of 310 international organizations and a committee was set up to review the rationale of our continued membership of such a large number of our organizations, particularly in the light of the fact that in many cases we are not actually paying our financial obligations and subscriptions which is causing some embarrassment to Nigeria and our image abroad. In particular, it was discussed that there are some commitments made to international organizations made by former presidents which were not cash backed. So when our delegations turn up at those organizations we become very embarrassed. So that was what drove the committee.

“The committee made some recommendations: That out of the 310 organizations, 220 organizations should be retained and the rest we should withdraw membership from.

“But council directed that more work needed to be done, particularly there was a dispute as to the figure of how much is owed. The committee had a figure of about $ 120 million but we are clear from Ministry of Finance and other ministries that are far more than that. Our subscriptions are in arrears in a number of major organizations.

“So the directive of the council was that we should go and reconcile those figures and come back to council and have a payment plan for those figures to avoid Nigeria being embarrassed internationally. And also circulars needed to be issued on who can commit Nigeria because it was discovered it would be a director or an ambassador who attended the meeting who committed subscription on behalf of Nigeria. Of course, then the international organization then begins to chase us for its money,”, she said.

Adeosun added that “We need to tighten up the procedures of committing Nigeria to any form of subscription or donations to international organizations.

“The committee is due to come back in the next two weeks with the final figures. And then ministers were then asked to look at the recommendations of those international organizations which we want to withdraw from and ensure that they are in support of those decisions before we will finalize the work on this issue. So basically, this is just prudence and value for money. Nigeria doesn’t need to be a member of every single organization but those we are members of, we have made a decision as FEC that we must prioritize and pay our obligations because that is part of the nation’s image. That is what gives Nigeria as a country the right to sit up very straight at international meetings when you haven’t paid up your subscriptions you can’t necessarily do so.

“The subscription is $70 million per annum and there are lots and lots of arrears.”

According to Wikipedia some  of the international organizations Nigeria is a member are which include: African, Caribbean and Pacific Group of States, African Development Bank(ADB), African Union (AU), Commonwealth of Nations,  Economic Community of West African States (ECOWAS), Food and Agriculture Organization (FAO), Group of 15, G-19, Group of 24 and Group of 77.

Others are International Atomic Energy Agency (IAEA), International Bank for Reconstruction and Development (IBRD), International Chamber of Commerce, (ICC), International Civil Aviation Organization, (ICAO), International Criminal Court (ICC), International Development Association (IDA), International Finance Corporation (IFC), International Fund for Agricultural Development (IFAD), International Hydrographic Organization (IHO), International Labor Organization (ILO), International Monetary Fund (IMF), and International Maritime Organization (IMO).

Others are International Mobile Satellite Organization (IMSO), International Olympic Committee, (IOC), International Organization for Standardization (IOS), International Red Cross and Red Crescent Movement (IRCRCM), International Telecommunication Union (ITU), Interpol,  Non-Aligned Movement, Organization for the Prohibition of Chemical Weapons (OPCW), Organization of Petroleum Exporting Countries (OPEC), Permanent Court of Arbitration, United Nations Organization (HNO), United Nations Conference on Trade and Development (UNCTD), United Nations Economic Commission for Africa (UNECA), United Nations Educational, Scientific and Cultural Organization (UNESCO), United Nations High Commissioner for Refugees (UNHCR), United Nations Industrial Development Organization (UNIDO), United Nations Iraq-Kuwait Observation Mission (UNIKOM), United Nations Institute for Training and Research (UNITR) and United Nations Interim Administration Mission in Kosovo (UNIAMK).

Others are United Nations Mission for the Referendum in Western Sahara (UNMRWS), United Nations Mission in Bosnia and Herzegovina (UNMBH$, United Nations Mission of Observers in Prevlaka (UNMOP), United Nations Mission of Observers in Tajikistan (UNMOT), United Nations University (UNU), Universal Postal Union (UPU), World Confederation of Labour (WCL), World Customs Organization (WCO), World Federation of Trade Unions (WFTU), World Health Organization (WHO), World Intellectual Property Organization (WIPO), World Meteorological Organization (WMO), World Tourism Organization (WTO) and  World Trade Organization (WTO).   (The Sun)

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Probe Uncovers Massive Fraud In YouWin Programme


An ongoing probe, ordered by the Minister of Finance, Mrs. Kemi Adeosun, has uncovered a massive fraud in the Federal Government Youth Enterprise With Innovation In Nigeria programme.

A reliable source in the ministry of finance told The PUNCH that investigators had already discovered that some senior civil servants gave out or facilitated slots worth between N7m and N10m each to their spouses, children and friends.

Some of these awardees, the source said, would not have qualified for the grants if they were not aided by their “connections” within and outside the ministry.

An original initiative of the ministry which began during the former President Goodluck Jonathan’s administration, YouWin was conceived to help youth entrepreneurs grow existing businesses and create employment.

The source, who insisted that the probe had not been concluded by the investigators, added that their initial findings were so worrisome that the minister had decided that the entire programme should be restructured.

“The fraud uncovered in the programme made the minister to restructure the programme and turn its focus into enterprise education,” the source added.

The source did not, however, state whether any of the country’s anti-graft agencies had joined the investigators whom our correspondent was made to understand were ministry of finance officials.

At different times, the YouWin project had been dogged by allegations of nepotism and underhand dealings by top civil servants for years.

The source in the finance ministry stated, “Actually, allegations were persistent that there was racketeering.  Some of the applicants, especially those who lost out, claimed that some of the winners simply copied and pasted the plans of other applicants in order to win.

“Some of them also said they were asked by some civil servants to use specific consultants in order to be considered.

“Contrary to the rules of the game, awards were also given to some entrepreneurs that were operating outside Nigeria. In fact, some of these people simply took the cash and migrated to foreign countries.”

The source added that the investigators found out that the ministry under Jonathan awarded a “disproportionate” number of awards to people from a particular part of the country.

The source said, “Some of the members of the team used it to set up friends and family as awardees. In one case, a husband and his wife used the same address and pocketed N10m each. In another instance, a son of one of the directors in the ministry was given N10m.

“When the (current) administration got into power, one of the first things that the ministry did was to ask for the BVN of awardees. It was an attempt to find out if some of the awardees got more than a single slot and whether senior civil servants awarded slots to their family members.”

It was learnt that the BVN verification, which exposed the fraud in the programme and initiated the probe, might lead to the indictment of some senior civil servants.

Some of the documents sighted by The PUNCH showed the rot in the system.

One of the documents indicated that a former director in the ministry of finance might have awarded a slot to his son.

Investigators are said to be probing whether the son’s company met all the requirements.

Another document sighted showed that two awardees shared the same surname and the same address.

One of the documents also indicated that two grants were given to a couple running two different companies.

The husband’s company is said to be involved in building and construction projects while the wife’s business, stated on the form, is ‘food and catering’ services.

Sources in the ministry explained that the ongoing probe would see investigators thoroughly combing through the information supplied by the 1,491 awardees.

It was learnt that the investigators would check for alleged duplication of business places, duplication of BVNs, criminal entries and other culpabilities of some civil servants and whether the companies awarded grants existed.

Last year, some YOUWIN awardees had protested against the Muhammadu Buhari administration, alleging neglect.

After the protest, a Director of Information at the Ministry of Information and Culture, Na’inna Dambatta, said a total of 18,000 young entrepreneurs were trained in management and business skills under the YouWin programme.

Dambatta added that 3,900 of the trainees, including 1,200 women, got non-repayable grants ranging from N1m to N10m.

“The third edition of the programme, which is still running with 1,500 beneficiaries, has received the sum of N11.2bn in funding. So far, grants totalling N7.4bn have been disbursed to the awardees,” he had said.

Efforts to get the reaction of the Special Adviser on Media to the Minister of Finance, Mr. Festus Akanbi, failed to yield result on Monday.

Akanbi requested 10 minutes to get appropriate reaction when The PUNCH reached out to him for comments but did not get back to our correspondent as of the time of filing this report.  (

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Buhari Orders Fresh Paris Club Loan Refund To States |The Republican News



Olalekan Adetayo, Abuja

President Muhammadu Buhari on Thursday directed the Minister of Finance, Mrs. Kemi Adeosun, and the Governor of Central Bank of Nigeria, Godwin Emefiele, to immediately release the second tranche of the London-Paris Club loan refund to states.

He said the presidential order should be carried out “appropriately and with dispatch.”

The President, who returned to the country on Friday from his 49-day medical vacation, also turned down advice by state governors to take more rest.

Buhari said he would not take any further rest until he had addressed all issues affecting Nigerians.

According to a statement by his Senior Special Assistant on Media and Publicity, Garba Shehu, the President spoke while addressing a meeting of the National Economic Council at the Presidential Villa, Abuja.

The council, which is made up of state governors, is chaired by Vice-President Yemi Osinbajo.

Buhari, who had earlier released the first tranche of N388bn to the state governments in December 2016, said the latest release was meant to ease their financial hardship.

He stressed the need for the state governors to ensure the settlement of unpaid salaries and pension arrears of their workers with the funds.

“I will not rest until I address those issues that affect our people.

“One of these basic things is the issue of salaries.  It is most important that workers are able to feed their families, pay rent and school fees, then other things can follow,” the President was quoted to have said.

He, however, thanked the governors for their display of “love and respect” for him.

Buhari said he was overwhelmed by his recent experience in which states, irrespective of political differences, charged their citizens to pray in mosques and churches for his well-being.

He apologised to the governors for barring them from visiting him while he was in London.

“I didn’t want government to move to London. I wanted it to remain here and I am glad it did,” he said.

After narrating what he went through while on that vacation, Buhari noted the suggestion by the governors for him to take more rest, but insisted that he would remain relentless in the pursuit of the interest of the Nigerian people at all times.

This, according to him, was the only way to show his gratitude to the people who, he said, “had given so much to me.  I was overwhelmed by the celebration of my return all across the country.”

The Chairman of the Nigerian Governors Forum, Abdul-Aziz Yari of Zamfara State, assured the President, on behalf of his colleagues, that they would continue to support his policies and actions which they had adjudged as being in the nation’s best interest.

The governors of Imo, Akwa-Ibom, Osun and Abia states thanked the President for saving the day for the states through the first tranche of the London-Paris Club loan refunds.

They, however, called for the immediate release of the second one.

They also commended the trust the President reposed in Osinbajo, whom they said did not disappoint when he acted as President.

Buhari had arrived the venue of the meeting chaired by Osinbajo at about 12.30pm while it was already underway.

He went round the hall to shake hands with the state governors and deputy governors standing in for their governors one after the other.

The governors also presented the President with a “get-well” card which they all signed. (

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Fayose Storms Finance Ministry Over Unpaid Allocations


From Ndubuisi Orji, Abuja

Ekiti Governor, Ayodele Fayose stormed the Ministry of Finance in Abuja, yesterday, over alleged non-release of the state’s January federal allocation and N1.1 billion budget support fund. Governor Fayose told journalists in Abuja that his visit to the ministry was a follow-up to the alarm he raised on Tuesday, that his state was yet to receive its January allocation, after 35 states have gotten theirs. Fayose had, at a press conference in Ado Ekiti, capital of the state, raised the alarm that the Federal Government seized the state’s federal allocation and budget support fund for last month. He said the development has subjected civil servants in the state to undue hardship and that, if the federalgovernment wants to fight him, it should focus on him and not punish his people. “I believe I should do a follow-up, to meet with the Minister of Finance, Mrs. kemi Adeosun, for an update, but, she actually called me on Tuesday that she just got back and was going to look into it today (yesterday) and have it resolved as soon as possible. “You will, however, appreciate that Ekiti civil servants are restive, having spent Christmas and there is no money in January, obviously there will be challenges. “By the time I got here, the minister had left for the Federal Executive Council (FEC) meeting, but, I met her special adviser, who assured me that the matter would be resolved when the minister gets back. “What we are talking about is a part of the monthly allocation and the budget support, which is about N1.1 billion that has not been paid. “I believe this should be done immediately and I want to believe, also, that it was a mix up and not political but if it is political, they will have a lot of questions to answer why it should be so. “If they want to fight Fayose, they should fight Fayose, not the civil servants of Ekiti. I appreciate the minister’s prompt response and promise to resolve the matter. It is only Ekiti that is involved and this is the second time; that explains why I was suspicious and had to act fast…” Speaking further, fayose added:“I got a text from the Central Bank of Nigeria that the money has been paid and later, I learnt that there was a withdrawal, on that instruction that Ekiti was not included in the list, out of the entire Federation. “So, naturally, I have every reason to be curious and when it happened that it was just Ekiti State alone, I became suspicious. “The minister has given me her words; at her level, as a minister, that is good enough.” Meanwhile, former minister of Aviation, Femi Fani-Kayode has described the non-release of Ekuti federal allocation as “petty and vindictive.” In a statement yesterday, Fani-Kayode called on acting President, Yemi Osinbajo to intervene in the matter..  (The Sun)

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