Latest News

NEPZA goes tough on financial regulation violators

Daramola Oluwafunmilayo
financial regulation violators, NEPZA

The Nigerian Export Processing Zones Authority (NEPZA) is seeking tougher penalties against violators of financial regulations within the Agency.

Speaking in Abuja while briefing the audit personnel, the Managing Director of NEPZA, Prof Adesoji Adesugba, warned officials of the agency against violations of financial regulations and inappropriate financial dealings.

He stated that “I would not tolerate tampering with financial regulations and corrupt activities, both in the procurement process and in the financial management of the agency.

“Let me make this very clear- I will strictly enforce extant rules and financial regulations. I will not tolerate breaching of due process in procurement and other financial transactions.”

According to the statement made available to newsmen by Marins Odeh, Head of Corporate Communication’s with NEPZA, the MD further said “I charge you to ensure proper records keeping and observance of the internal processes. Every transaction must be within the bound of the law. If there is any Infraction, I will act swiftly against culprits. There must be no excuse.

“I am a stickler for transparency and accountability. Any official who breached the financial protocols will be sanctioned. We will conduct governance audit to ensure the right things are done. We must adopt and follow our processes within the ground of extant regulations,” Adesugba stated.

He urged the staff of the agency to imbibe the culture of transparency and accountability, warning that he will not shield nor defend any official engaging in corrupt practices.

Adesugba assumed duty as NEPZA boss on 1st July after President Muhammadu Buhari approved his appointment on June 26.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Magu’s probe creates uncertainty in EFCC
AS the Justice Ayo Salami-led panel probing allegations against the acting chairman of the Economic and Financial times Commission (EFCC), Ibrahim Magu, commenced its second day of sitting inside the State House Conference entre, Abuja, on Tuesday, there appeared to be uncertainty over the leadership of the commission… Read Full Story

774,000 jobs: Keyamo again disagrees with Senate as Ngige apologises
MINISTER of State for Labour and  Employment, Mr Festus Keyamo, says the constitution empowers his office to supervise the execution of the Special Public Works Programme of the Federal Government. Kayano made the admission in an interview with newsmen after the Senate Committee on Labour called for a new… Read Full Story

Magu Moved Back To Detention At FCID
The acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, being interrogated by the Justice Ayo Salami-led presidential investigative panel, was on Tuesday, moved back to the Force Criminal Investigation Bureau… Read Full Story

US Formally Withdraws From the World Health Organisation
The Trump administration has formally withdrawn the United States from the World Health Organisation (WHO), breaking ties with the international health body as the country’s death toll from… Read Full Story

WATCH TOP VIDEOS FROM NIGERIAN TRIBUNE TV

Share This Article
Previous Article Okonjo-Iweala warns, Ohanaeze Okonjo-Iweala Igbos ,Okonja-Iweala calls for collaboration wit, h FG in tackling corruptionNigeria’s trade costs, Nigeria shares 0.33 per cent , You have made Nigeria, CAN congratulates Okonjo-Iweala, PDP felicitates Okonjo-Iweala, Okonjo-Iweala, Ngozi Okonjo-Iweala, candidates jostling for wto job, Okonjo-Iweala, Okonjo-Iweala as WTO DG Number of candidates jostling with Okonjo-Iweala for WTO top job increases to 7
Next Article FEC okays mother tongue, FG commits fresh $700 million to World Bank-assisted adolescent girls’ education, Insurgency classrooms Nigeria FG,I'm in anguish, internal turmoil over ASUU strike, Adamu laments, FG laments dominance of foreign publications as TETFund unveils 10 books, Northern governors destroying primary, nomadic education, FG appeals to ASUU, others to call off strike, embrace genuine dialogue, address national development challenges, Data key to implementation reforms, 2022 common entrance exams, FG threatens to withdraw licences, Sad that FG couldn’t avert extension of ASUU strike, Nigeria joins 53 countries to mark Commonwealth Day, 2009 ASUU agreement,Some items of 2009 agreement with ASUU not implementable, Stakeholders fault proposed bills on federal unity schools, FG constitutes white paper panels for tertiary institutions, Im waiting for ASUU, ASUU strike, implementation of 6-3-3-4 education system, poor management of funds in tertiary institutions, FG laments poor management of funds in tertiary institutions, governing councils of new 8 Polytechnics, FG seeks World Bank support, declare state of emergency on education , neglect of secondary education in Nigeria , basic education to 3 per cent , implementation of safe schools declaration, impostors in IT industry, abandoned over 10 billion UBE fund with UBEC, FG bemoans inability of states, appoint non-degree holders, Govs have hijacked appointment , FG launches child safety, protection initiative, FG inaugurates governing councils, FG approves governing councils , scholarship Commonwealth scholarship nomination, $20 million to boost education, NIN mandatory for JAMB registration, Number of out-of-school children reduced, low enrolment of students, implementation committee, special salary scale, Teachers, illegal satellite campuses, FG, Schools, , tertiary institutions, Schools reopening, waec, out-of-school children, World Bank, quality education, colleges, academic calendar, education budget, Commonwealth scholars, January 18 schools resumption, schools resumption, FG inaugurates probe panels to, FG over granting of license FG seeks World Bank support to reduce out-of-school children

Frontpage Today

Subscribe to e-Paper

E-Vending, e paper, pdf, e-paper, Tribune