BUSINESS

Senate probes Maritime Academy over irregular withdrawal of N1.05bn

*Gives 3 weeks to submit documents

*Rector admits, says officials frustrating Investigation

By Peter Usman://

Senate Committee on Public Accounts, has commenced investigation of the Maritime Academy of Nigeria, Oron in Akwa Ibom State over the alleged illegal diversion and irregular withdrawal of N1.05billion in a commercial bank.

The committee, chaired by Senator Mathew Urhoghide (PDP Edo South), hinged the investigation on the query by the Office of Auditor General for the Federation, OAuGF which exposed the alleged mismanagement in its 2018 Audited Report.

It was stated in the report that the sum of N457million released to the Academy on December 13, 2012 was irregularly diverted to the United Bank of Africa, UBA account number 1006476693, adding that the sum of N608million was also irregularly withdrawn from account number 02550040000037 with the same bank without stating the purpose of the withdrawal. 

However, the Rector of the Academy, Duja Effedua while responding before the panel, said that the allegations against the institution is grievous but, non of the staff is ready to talk to him on  what transpired regarding the audited report, adding that he did not take over from anybody on resumption of duty.

He said: “It is true, they won’t talk to me. They have written about 6,000 petitions against me. They want me dead, they are frustrating me, I need the help of the committee to carry out the investigation.

“I came to kick start something I don’t have any information about, they will frustrate every effort to get to the root of the matter. I want an ad-hoc committee to be set up and get to the root of the matter.”

But the chairman of the committee gave the Rector three weeks to provide the necessary documents on the allegations raised in the Auditor General’s report.

The Rector therefater told the committee that he is ready to coporate with them in order to get to the root of the mater . 

The first query reads: “Audit observed that the sum of N457million  released to the Academy on 13th December 2012 was irregularly diverted to UBA account number 1006476693. 

“All efforts made by the audit team to sight the bank statement, supporting documents for utilization of the fund and other relevant details proved abortive. 

“No response from management as at the time of this report. Risk diversion of funds is illegal and deprives the government of resources. 

“The Rector is required to recover the sum of N457, 657, 293.12 (Four hundred and fifty seven million, six hundred and fifty seven thousand, two hundred and ninety three naira, twelve kobo) irregularly diverted into a private account and furnish recovery particulars. Sanctions within FR 3106 should apply.”

Also, in the second query, “Audit observed that the sum of N608 million was irregularly withdrawn from account number 02550040000037 with the United Bank for Africa (UBA) without stating the purpose of the withdrawal. No response from management as at the time of this report. Risk diversion of public fund for purposes other than intended.”

Peterideal

A journalist by profession and I have been in active practice for so many years. A graduate of Political Science from University of Abuja. Maried with four children.

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