Breaking: Kemi Adeosun escapes to England after resignation

Former Minister of Finance, Kemi Adeosun has returned to London less than  24 hours after announcing that she had resigned her post.

The minister arrived London Saturday afternoon to be with her mum, children and family.

The shock announcement set off speculation that Adeosun had been forced to step down by some people in government against her will.

But she said her resignation was her decision, dismissing reports she was forced to quit the government.

” I have, today, become privy to the findings of the investigation into the allegation made in an online medium that the Certificate of Exemption from National Youth Service Corp (NYSC) that I had presented was not genuine. This has come as a shock to me and I believe that in line with this administration’s focus on integrity, I must do the honourable thing and resign, she wrote in a letter to President Muhammadu Buhari.

” Her resignation was designed to “cause a positive shock” said a source close to the former Minister.

” I am glad that she followed the right path, she always said the outcome of investigation into the NYSC certificate given to her would determine the next steps.”

“The report came out and the minute she saw it, she took the decision to resign. “You only do that if indeed you are imbibed the ethos that you are here to serve, the source said Saturday morning.


Breaking: PDP calls for immediate arrest, prosecution of Adeosun

Nigeria opposition party, the People’s Democratic Party(PDP), has called for the immediate arrest and prosecution of the former minister of finance, Kemi Adeosun.

Adeosun resigned her appointment on Friday, 69 days after Premium Times published a report that her National Youths Service Corps(NYSC) exemption certificate was fake.

However, the PDP is not satisfied with the former minister’s resignation and has insisted on her immediate arrest and prosecution.

“We acknowledge the resignation of KemiAdeosun from office as Minister of Finance, but insist on her immediate arrest and prosecution for deserting national service and forging her NYSC Exemption Certificate in addition to alleged impropriety and abuse of office,” PDP spokesman, Kola Ologbondiyan said in a statement.

“The PDP, therefore, demands an immediate open inquest into the records of the Finance Ministry under Mrs. Adeosun, to unravel all improprieties by the Buhari Presidency cabal, including alleged diversion of oil proceeds, fraudulent oil subsidy deals, leading to high fuel price; depletion of our foreign reserves, embezzling of funds returned by Switzerland and other huge sleazes in the ministry,” he added.

The opposition party also stated that Buhari must be held responsible for all infractions in the finance ministry under Adeosun, as he appointed and retained her despite having information on the certificate forgery.

The “situation that confirms the decadence and lack of due diligence in the Buhari Presidency,” Oklogbodiyan said.

PDP further calls on international community to stop an alleged plot by the ruling party All Progressives Congress and the Federal Government have plans to “secretly” move the minister out of the country.

“The PDP is also aware of plots by the Federal Government to secretly move her out of the country, and for that, we urge the international community to be at alert and ensure she is repatriated to face justice in Nigeria should the Federal Government succeeds in its devious plan,” Ologbodiyan claimed.

Adeosun has since been replaced by Zainab Ahmed, who until Friday was a junior minister in the Ministry of Budget and National Planning.

Source: GuardianNG


Breaking: Atlast Buhari confirms Kemi Adeosun’s resignation

After several speculations about the resignation of the finance minister, Kemi Adeosun, Nigeria’s President, Muhammadu Buhari  has on Friday night confirmed it.

In a tweet on the official twitter page of the president it reads:

President @MBuhari Friday accepted the resignation of the Hon. Minister of Finance, Mrs Kemi Adeosun. The President thanked the Minister for her services to the nation and wished her well in her future pursuits.

The President also approved that the Minister of State Budget and National Planning, Mrs Zainab Ahmed, should oversee the Ministry of Finance with effect from today.

Read why Kemi Adeosun resigned here 



States yet to meet conditions for second tranche Paris Club refund

Six weeks after President Muhammadu Buhari ordered payment of the second tranche of Paris Club refund to states, the order has not been carried out. Investigations by The Guardian showed that states are yet to fulfill the fresh conditions listed by the Finance Minister, Kemi Adeosun. The conditions include a monitoring and evaluation of the deployment of the first tranche by the state governments, to ensure that the refunds were judiciously utilized, particularly for payment of salaries.
Adeosun also raised the suspicion that some states must have been overpaid in the first trance settlement, hence the need for a reconciliation of their balances before further reimbursement.
The conditions set by the Finance Minister followed agitation by governors for the release of the second batch payment. When President Buhari resumed work on March 13, after his medical vacation, he was passionate about the need for states to fulfill their obligations to teachers and other category of workers. He ordered the release of the second tranche of about N6000b.
Though the ministry was not forthcoming with information on the status of the monitoring, evaluation and reconciliation of states’ account. Officials who spoke to The Guardian on condition of anonymity, said most states have failed the compliance test.
The Minister incidentally is attending the 2017 Spring Meetings of the International Monetary Fund (IMF) World Bank as Nigeria’s head of delegation. However, the Director of Information in the Ministry. Alhaji Salisu Na’Inna Dambatta told The Guardian that nothing has changed since the last time the conditions were set.
The Accountant General of the Federation. Alhaji Ahmed Idris confirmed the situation to The Guardian at the weekend when he said the Finance Ministry, which was handling the exercise, has not sent any instruction to his Office to pay any state.
Ahmed said: “The Finance Ministry is the one anchoring the programme. If any instruction has been sent to my office for payment, I am not aware yet because it has not been brought to my attention.”
A further check at the Office of the Director Funds in the Office of the Accountant General Office. Mr. Alex Adeyimi also indicated that there was no payment instruction from the Federal Ministry of Finance.
Director General of the Nigerian Governors’ Forum (NGF), Ashishana Bayo Okauru, said he was not aware the governors were facing any challenge in accessing the funds. Pressed further, Okauru said: “There is a process and they are on track. I’m not aware of conditions set that the governors have not met.”
He referred any enquiry on the matter to the Federal Ministry of Finance adding, “there are requirements towards meeting those conditions, including the availability of funds. I think they are working on it.”
Okauru explained that the states met the conditions set for releasing the first tranche of payments, which included payment of salaries and pensions. He expressed optimism that the fresh conditions, which involves some processes, will be met by the states, to enable them draw on the second tranche.Kemi-Adeosun