NAPEP: Senate uncovers N12bn fraud

ABUJA — The Sen-ate, yesterday, uncovered N10 billion belonging to the National Poverty Eradication Programme, NAPEP, that got trapped in some failed financial institutions in the country, while N150 million meant for the supply of spare-parts for the tricycles, otherwise known as Keke NAPEP, was carted away by a contractor.

The Senate made the discovery while grilling the Co-ordinator of NAPEP, Alhaji Murktar Tefawa Belawa over N12 billion poverty reduction fund.

The agency claimed it lacked the structural framework to possibly recover the missing funds and that it had been unable to recover the money because some of the banks had ceased to exist.

The Senator Ahmed Lawan-led Committee on Public Account also discovered how the agency paid additional N171 million as Customs duties for the spare-parts that were not supplied and another N605 million carted away by some Keke NAPEP operators on the umbrella of Keke Riders Association of Nigeria, KRAN.

The agency was alleged to have also paid another N1.4 billion for projects that were not verified by the Auditor General of the Federation.

Representatives of the AGF at the session, told the panel that some of the contracts, which the agency had paid for were yet to be verified.

National Coordinator, NAPEP, Alhaji Tefawa Belawa, told the committee that beneficiaries of the intervention fund failed to remit another N700 million revenue and that the agency had since written the Economic and Financial Crime Commission, EFCC, on how Auto Ban Limited had disappeared with the said N150 million paid for the supply of spare-parts.

- See more at: http://www.vanguardngr.com/2013/10/napep-senate-uncovers-n12bn-fraud/#sthash.C8zBU7nA.dpuf

And the saga continues
I thought Tafawa balewa was dead
I didn't know he was still holding office
How old is he now?
130?

Corruption everywhere, i hope some people will not come and stand by this man the way some have been supporting stella and her corruptions.

sheniqua: And the saga continues
I thought Tafawa balewa was dead
I didn't know he was still holding office
How old is he now?
130?

Yes, he died Jan.15 1966 but he is holding a posthumous political office.
Olodo!!!

Where are we heading to??

Can there ever be a country again ?

Nigeria ?

seunfly: Corruption everywhere, i hope some people will not come and stand by this man the way some have been supporting stella and her corruptions.

definitely!
The foundation has been laid!

donphilopus: Where are we heading to??

my brother,I have no idea! This country is finished!

Crucify him! Crucify him!

you see one of the reason for almajiri and boko haram

Even napep people sef? Wen next i enta keke napep ah wnt pay :/

gbanikiti: my brother,I have no idea! This country is finished!

True Talk.. Aviation sector is corrupt, the rest are equally corrupt

This country is gone. Corruption everywhere.

Tufia!

seunfly: Corruption everywhere, i hope some people will not come and stand by this man the way some have been supporting stella and her corruptions.

Like your people supported Bode George and Tinubu when they stole money and were being tried

it can only get worse.
Fresh air in action.

Its a good thing that corrupt dealings are been exposed everyday..before all this things get covered up.Now,the next step is to ensure culprits are sanctioned appropriately.

This news will die a natural death with no cries or s#it storm because 255 million is greater than 12 billion.

Coruption everywher you go.
Am Sure those guyz havnt paid their tithes that's Y, by the time he settled the neccessary pple oga at the top the case wud jux die a natural death.
If things shud continue lyk this.... Permit me to say RIP to Nigeria future
Hope God wud terminate dis our yeye leaders b4 tinx gets outta hand

See the whole terminology they use,


Uncovered N10billion naira trapped in some failed financial institution,

While 150million meant for spare part was catered away and paid 171million for ghost goods

N605million carted away by kekenapep riders

N1.4billion paid for unverified project

Failure to remit N700million naira revenue

Auto Ban limited disappeared with N150million

Like say all no be thiefin

In every developed country, the judiciary is respected and taken with high esteem by the citizens cause they play effective roles, if only our own judiciary can live up to its responsibilities, we would have gone past the stage. People tends to have a stealing habit cause previous persons have been found not guilty and it all bores down on bribery and corruption. The judiciary needs to wake up and ignore tribe, religion or region. That's the only way we can make this nation great.

i am actually amused when people shout that corruption has taken over nigeria as if corruption is not in the blood of most nigerians.

Nigeria = One Month = One Scandal = Unresolved

Coruption everywher you go.
Am Sure those guyz havnt paid their tithes that's Y, by the time he settled the neccessary pple oga at the top the case wud jux die a natural death.
If things shud continue lyk this.... Permit me to say RIP to Nigeria future
Hope God wud terminate dis our yeye leaders b4 tinx gets outta hand.

#NAPEP Has always been a scam, from the Keke to what else they ever lay their hands on.

Are they just waking up? NAPEP is a complete scam! Awooof money!! When Venture Capitalists are springing up in saner climes, the Nigerian government is busy throwing away money.

255 m > 12 b you guys should just gerrova it jare

And now this.......which way Nigeria .....
Let me confirm this story first b4 making a proper comment.

I keep laughing when people say stuff like "Nigeria will change" or "thing will soon get outta hand". Nigeria will crash dats a fact its a matter of time, but it will certainly happen. No matter hw hard we fight corruption or don't fight corruption. Tribe, religion and greed will always win. Its no more a thing its our life style, its our culture, its our blood. Nigeria can only succeed if every Nigerian suddenly vanish from d face of d earth or being ruled by non-Nigerians. The problem of Nigeria aint corruption, d problem of Nigeria is Nigerians #Fact

I am here looking for little money to support my business, NAPEP is busy sharing billions among themselves. If I do something drastic now on them, you guy will say am a bad man.

Name so so billion we dey hear. The centre must be stripped of its powers and funded by the states in a true federal a LA parliamentary system. Then there will be less reason for everyone to rush to the centre for money coming MOSTLY from INE region in the country.

# team true federalism

Nanso so billion we dey hear. The centre must be stripped of its powers and funded by the states in a true federal a LA parliamentary system. Then there will be less reason for everyone to rush to the centre for money coming MOSTLY from INE region in the country.

# team true federalism