Missing Money: NNPC/CBN Should Not Have Gone Public – Ojomu

The Former Acting National Publicity Secretary of the PDP, Bode Ojomu, on Wednesday blamed the Nigerian National Petroleum Corporation (NNPC) and the Central Bank of Nigeria for not resolving their differences privately.

Mr Bode Ojomu stressed that the NNPC and CBN’s ‘tantrum’  would cause the public to lose their trust in government.

Commenting on the controversial letter by the CBN Governor, Sanusi Lamido Sanusi, to the Nigerian President, Goodluck Jonathan, alleging that $49.8 billion was unremitted to the Federation Account funds, on Sunrise Daily, Mr Ojomu said the two agencies had not been able to live up to their responsibilities as managers of the various institutions of government.

“People have not been able to live up to their responsibilities as managers of the various institutions of government which we suppose to strengthen for basic deliveries for the essence for which government was established in the first place,” he said.

Mr Ojomu insisted that issues which could be resolved internally should be kept away from public domain for the sake of unity and for government to be regarded as responsible by the public.

“There was no need to write a letter which has the capability of entering the public domain.

“There are enough platforms which are called internal mechanisms within the framework of government for both NNPC and CBN to have resolved the tantrum,” he said.

He advised that government agencies such as the CBN “must neither stir controversy nor be in controversy.” He added that the Sanusi Lamido era of the CBN had been embroiled in too much controversy.









PENCOM Vows To Recover Unremitted Funds

The National Pensions Commission (PENCOM), has revealed that between January 2010 and December 2011, about 15,427 employers, who had registered under the contributory pension scheme, failed to remit the monthly contributions deducted from employees’ remunerations into their retirement savings accounts.

PENCOM stated this in a report, titled, “Unremitted pension contribution.

However, the report was silent on the value of accruing failed remittances for the two years.

Meanwhile, the commission has vowed to recover the unremitted funds from the defaulters through legal means, with interest as penalty.

PENCOM says it has been employing different approaches to entice employers to embrace voluntary compliance, including public enlightenment, media campaign and collaboration with regulatory and professional bodies