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Fashola Tells Senate Panel To Ask SGF About N6trn Ground Rent, Says “It’s Not Under My Purview”

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The minister of works and housing, Babatunde Raji Fashola, says an ad hoc committee of the senate investigating a N6 trillion unpaid ground rent should direct its enquiries to the office of the secretary to the government of the federation (SGF).

The upper legislative chamber had set up the committee to investigate and recover over N6 trillion accrued from the non-payment of ground rent from property owners across the country.

Addressing the committee on Wednesday in Abuja, Fashola said the presidential implementation committee (PIC) will be in the best position to speak on the matter.

“About two years or so ago when they started passing C-of-Os to me to sign and I said where is the delegation. Because the power to sign C-of-Os are vested in the president for land belonging to the federal government and in the state governors for lands belonging to the states,” he said.

“In the process, I saw a body called PIC, the body that was supposedly issuing receipts and all of that. Anytime I sought to find this body, nobody showed up.

“As we are getting close to the end of term, I now formally wrote, I asked the director of lands to write them, to ask to tell me what they are doing.

“They (PIC) replied that they are not accountable to our office and they are in the SGF office and that they report to the presidency. So, as far as your letter seeks to ask us to account for the PIC, they don’t report to us.

“I will advise that you direct your enquiries about what the PIC does to the SGF since the organisation does not report to me, I cannot account for them.”

Speaking with reporters after the meeting, Adamu Aliero, the committee’s chairman, said they have interacted with the presidential panel and it said N18 billion has been recovered so far.

“Within the next three weeks, we will come back for an update. I’m sure they will be able to collect whatever is due to the federal government on all federal government property either sold or still under the hold of the federal government,” he said.

“You will agree with me that in this era of revenue shortfall, the federal government is trying to diversify all sorts of revenue other than oil.

“When they hear N6 trillion, definitely, a lot of attention will be given to it.”

BIG STORY

NOVA Bank Achieves Global Cybersecurity Milestone With ISO 27032 Certification

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NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification. This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.

The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and online transactions amid an ever-evolving cyber threat landscape. In addition to this achievement, NOVA Bank is already certified in ISO 27001 for Information Security Management and BCMS 22301 for Business Continuity Management, further underscoring its dedication to operational excellence and security.

Speaking on the achievement, Acting Managing Director and CEO of NOVA Bank, Mrs. Chinwe Iloghalu, described the certification as a pivotal moment for the Bank and its customers.

“This certification underscores NOVA Bank’s unwavering dedication to maintaining the highest global standards in cybersecurity. As we continue to innovate with customer-centric retail products, cybersecurity remains at the heart of our operations. Our customers can rest assured that their data and transactions are protected by some of the most advanced security frameworks in the industry. Trust is built on security, and NOVA is committed to providing a secure, reliable, and innovative banking experience,” Mrs Iloghalu stated. The Bank’s Executive Director for Operations and Information Technology, Dr. David Isavwe, who also serves as the President and Chairman of the Board of Trustees for the Information Security Society of Africa, Nigeria (ISSAN), emphasized the broader implications of the certification.

“The ISO 27032 certification highlights NOVA Bank’s proactive approach to addressing cybersecurity challenges. It demonstrates our readiness to protect against evolving threats and our ability to adapt to the dynamic landscape of digital banking. This certification reinforces our commitment to delivering secure and uninterrupted services to our valued customers,” Dr. Isavwe remarked.

This milestone aligns with NOVA Bank’s overarching strategy of integrating cutting-edge technology with its trademarked Phygital model—seamlessly blending physical and digital banking experiences, while maintaining an unwavering focus on customer trust and satisfaction.

As the bank prepares to launch a series of innovative retail banking products, this certification highlights its dedication to prioritizing cybersecurity, ensuring a secure and seamless banking experience for all its customers.

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BIG STORY

JUST IN: Customs Hands Over 21 Stolen Vehicles To Canadian Government

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The Nigerian Customs Service (NCS) has transferred 21 stolen “Sport Utility Vehicles” (SUVs) and other assorted vehicles to the Canadian Government, following their recovery from various locations across the country.

 

More to come…

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BIG STORY

Former Kogi Governor Yahaya Bello Now In Our Custody — EFCC

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The Economic and Financial Crimes Commission (EFCC) has revealed that former Kogi State governor, Yahaya Bello, has been detained in the agency’s custody for allegedly misappropriating over N110 billion in public funds.

The EFCC stated that the former governor appeared at its headquarters after months of ignoring invitations and avoiding court summons related to fraud connected to his administration.

EFCC spokesperson, Dele Oyewale, on Tuesday said that Bello had been detained and would be questioned about the allegations against him.

According to reports, Bello responded to the EFCC’s invitation on Tuesday, arriving at the EFCC office with his lawyers, but without his successor, Governor Usman Ododo, who had reportedly been shielding him from arrest.

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