TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

BVN aids FG to uncover 60,000 ghost workers – Osinbajo

The Citizen by The Citizen
July 1 2017
in Governance, Headlines
A A
0
Economy: Doing business in Nigeria now easier, says Osinbajo

No fewer than 60,000 ghost workers have been uncovered by the Federal Government since the introduction of the bank verification number (BVN), according to Acting President Yemi Osinbajo.

Osinbajo was giving an update on government’s war on corruption at the 5th Annual Christopher Kolade Lecture on Business Integrity in Lagos on Thursday night.

This is almost twice the 33,000 figure given by Finance Minister Kemi Adeosun in October last year.

The minister said at the time that the removal of the names of the 33000 ghost workers from payrolls of federal government’s ministries, departments and agencies had helped in reducing the wage bill from N166billion to N142billion.

The acting president did not say on Thursday how much government now saves with the uncovering of the 60000 ghost workers.

But he said the closure of over 20, 000 government bank accounts  and the introduction of the Treasury Single Account (TSA) has brought a great deal of sanity into handling of public funds.

Also yielding positive results, according to him, are   ‘’getting all our armed forces personnel on the electronic human resource payroll to prevent scams in the service,’’ and the whistleblower policy.

Osinbajo said the Buhari admnistration would not relent in the  anti-corruption war, although he stressed that the war was better fought by preventing it than trying to recover stolen funds.

He cited the $15billion arms funds allegedly stolen during the Jonathan presidency  and the frustrations government currently faces in recovering stolen funds stashed abroad.

His words: “In our investigations into defence spending, we discovered 15 billion dollars unaccounted for, with no guarantee that we will ever be able to recover it.

“You can imagine the damage done by that corrupt act.

“You need to engage forensic consultants and hire other experts; even then, you will only have some hope of recovering some of what has been lost.”

On repatriating stolen money from abroad, he said: “Many countries are reluctant to return proceeds of corruption by introducing legal obstacles of different kinds to ensure that we do not get back the money.

“There is a long list of ‘what if’ – what if we were able to do something or invest even half of that money in economic or infrastructure projects before it disappeared?

“If some of that money went into boosting our reserves, our exchange rate will not be where it is today; so there lies evidence that corruption is cheaper to prevent than to cure”.

The acting president said that the negative impact of corruption on human lives and development could never be fully reversible.

Osinbajo urged Nigerians neither to condone corruption nor celebrate those indulging in it.

“Corruption is the robbery of the wealth of the nation, and thieves exist in every tribe or religion,’’ he said.

Osinbajo said that the Federal Government would continually seek ways to make it harder for government funds to be stolen or diverted.

“The solution really is to ensure stiffer control to prevent fraud and corruption,” he said.

Osinbajo said that the presidency would ensure close working relationship with the judiciary and ensure that the judiciary itself “is free of corruption to successfully prevent corruption”.

“We will not succeed in preventing corruption to a significant extent unless the acts of corruption are met with appropriate levels of sanctions and deterrence,” he said.

The acting president described Kolade as an outstanding man of integrity in both the public and private sectors.

Dr Christopher Kolade is a former Director General of the old Nigerian Broadcasting Corporation (NBC),ex-Managing Director of Cadbury Nigeria PLC and former Nigerian High Commissioner to London.

The lecture was entitled: “Prevention is Better than Cure Even on the Issue of Corruption’’.

It was organised by the Integrity Organisation Ltd., an anti-corruption, research and advocacy organisation.

Previous Post

Sambo: DSS absolves agency from ex-VP’s house raid

Next Post

Buhari’s health: Plaintiff asks court to order Saraki to set up medical panel …only Buhari’s doctors can decide on his return – Oyegun

Related Posts

Police confirm abduction of corps members in Kogi
Headlines

Police confirm abduction of corps members in Kogi

August 28 2026
NFF Crisis: Tinubu orders comprehensive reform of Nigerian football
Headlines

NFF Crisis: Tinubu orders comprehensive reform of Nigerian football

August 28 2026
FG begins rehabilitation of 13 police training institutions
Governance

FG begins rehabilitation of 13 police training institutions

August 28 2026
Of bandits and their informants/sponsors
Headlines

Terrorists in Nigeria raise nearly $6m in ransom

August 28 2026
Voters’ Threat: ADC demands immediate arrest of Kuje Council chair
Headlines

Umahi orders contractor to quit Benin-Asaba road

August 27 2026
FG launches $1bn HOPE Programme to move vulnerable Nigerians to self-reliance
Governance

FG launches $1bn HOPE Programme to move vulnerable Nigerians to self-reliance

August 27 2026
Next Post

Buhari’s health: Plaintiff asks court to order Saraki to set up medical panel ...only Buhari’s doctors can decide on his return – Oyegun

Nigeria will crash without restructuring - Opposition parties

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Kano, Sokoto, others spend N53.2bn on scholarships abroad

INEC fixes Sept 19 for Kano Assembly by-election

by The Editor
August 27 2026
0

...

Awujale: Ruling House sues Ogun, kingmakers

Awujale: Ruling House sues Ogun, kingmakers

by The Editor
August 25 2026
0

...

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

Umahi’s son wins Ohaozara chairmanship as APC sweeps all Ebonyi LGAs

by The Editor
August 24 2026
0

...

Adeleke chairmen seize Osun LG secretariats

Adeleke chairmen seize Osun LG secretariats

by The Editor
August 18 2026
0

...

APPOINTMENTS

Tinubu swears in Enitan as new Head of Service

Tinubu swears in Enitan as new Head of Service

by The Editor
August 28 2026
0

...

Tinubu names new Head of Service

Tinubu names new Head of Service

by The Editor
August 19 2026
0

...

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

Sahara Upstream positions Arahas and SGIR for next growth phase, deepens investment in African oilfield services

by The Editor
August 8 2026
0

...

Police IG deploys new CPs to eight states, other formations

Police IG deploys new CPs to eight states, other formations

by The Editor
August 7 2026
0

...

ODDITIES

Umahi files N2.5b defamation lawsuit against bloggers

Umahi files N2.5b defamation lawsuit against bloggers

by The Editor
August 26 2026
0

Scavengers strip Lagos bridges, homes in widespread theft

Scavengers strip Lagos bridges, homes in widespread theft

by The Editor
August 25 2026
0

Man sets mother on fire in Cross River over witchcraft accusation

Man sets mother on fire in Cross River over witchcraft accusation

by The Editor
August 20 2026
0

GLOBAL NEWS

WHO declares global health emergency over Ebola outbreak in Congo, Uganda

WHO confirms Uganda Ebola-free, as virus continues spread in DRC

by The Editor
August 28 2026
0

...

Nepal flash floods claim160 lives, hundreds still missing after deadly surge

Nepal flash floods claim160 lives, hundreds still missing after deadly surge

by The Editor
August 27 2026
0

...

US pauses immigrant visa applications worldwide

US pauses immigrant visa applications worldwide

by The Editor
August 27 2026
0

...

Iran, Oman agree temporary Strait of Hormuz corridor

Iran, Oman agree temporary Strait of Hormuz corridor

by The Editor
August 27 2026
0

...

Uganda President’s son Muhoozi announces 2031 presidential bid

Uganda President’s son Muhoozi announces 2031 presidential bid

by The Editor
August 27 2026
0

...

State of the States

Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

Kaduna pays N6.7bn monthly on inherited loans, says Uba Sani

by The Editor
August 28 2026
0

...

Abia traditional rulers endorse Gov. Otti for second term

Abia State begins payment of N61.8bn gratuity arrears

by The Editor
August 25 2026
0

...

Kaduna State approves N300m for KASU lecturers

Kaduna State approves N300m for KASU lecturers

by The Editor
August 24 2026
0

...

Cross River governor assures SPAR fire victims of govt support, promises immediate intervention

Cross River governor assures SPAR fire victims of govt support, promises immediate intervention

by The Editor
August 24 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Police confirm abduction of corps members in Kogi

Police confirm abduction of corps members in Kogi

August 28 2026
Gunmen kill Kogi APC LG chairman

Gunmen kill Kogi APC LG chairman

August 28 2026
Ayra Starr to headline NFL London Game halftime show

Ayra Starr to headline NFL London Game halftime show

August 28 2026
Atiku faults Tinubu over cash transfer programme

Atiku faults Tinubu over cash transfer programme

August 28 2026

EDITORIAL REVIEW

Mass presence of governors in off-cycle elections – Punch

Mass presence of governors in off-cycle elections – Punch

by The Editor
August 27 2026
0

Clerics must preach peace, not division – Punch

Clerics must preach peace, not division – Punch

by The Editor
August 25 2026
0

Tax reform: Northern senators in closed-door meeting as bill scales second reading

Tax reform must end multiple taxation – Punch

by The Editor
August 24 2026
0

BREAKING: Kidnapped Oyo pupils, teachers regain freedom

Terror victims deserve care – Punch

by The Editor
August 21 2026
0

Unfilled tertiary education spaces debacle – Punch

Unfilled tertiary education spaces debacle – Punch

by The Editor
August 20 2026
0

Opinion

‘Fake’ Agency: Adeyemi insists DG appointment genuine

Fake agencies: Why Nigeria still needs Oronsaye report

by The Editor
August 25 2026
0

...

How Adeleke danced back from the dead

How Adeleke danced back from the dead

by The Editor
August 19 2026
0

...

Adeleke’s win and the cost of winning at all costs

Adeleke’s win and the cost of winning at all costs

by The Editor
August 18 2026
0

...

Airtime credit dispute and need for clarity

Airtime credit dispute and need for clarity

by The Editor
August 5 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.