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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c

PRESIDENT BUHARI SAYS CORRUPTION IN EDUCATION SECTOR UNDERMINING GOVT INVESTMENTS, URGES BETTER TRANSPARENCY.(PHOTO).#PRESS RELEASE.



PRESIDENT BUHARI SAYS CORRUPTION IN EDUCATION SECTOR UNDERMINING GOVT INVESTMENTS, URGES BETTER TRANSPARENCY



 
President Muhammadu Buhari Tuesday in Abuja said corruption in education sector continues to undermine investments, while critics downplay funding by focusing only on budgetary allocations, urging a more comprehensive re-evaluation of expenditure.
 
The President, who declared open the Fourth National
Summit on Diminishing Corruption in the Public Sector at the State House, noted that measuring financing of education sector should include total education budget of each year by both federal and state budgets and other financial commitments in their totality.
 
The Summit was organised by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), Office of Secretary to Government of the Federation (OSGF) and Joint Admission and Matriculation Board (JAMB).
 
“This year's summit will mirror how corruption undermines educational policies, investments and create an unfriendly learning environment for our youths.
 
“Incessant strikes especially by unions in the tertiary education often imply that government is grossly underfunding education, but I must say that corruption in the education system from basic level to the tertiary level has been undermining our investment in the sector and those who go on prolonged strikes on flimsy reasons are no less complicit.
 
“The 1999 Constitution places a premium on education by placing it on the Concurrent List, thereby laying the responsibilities of budgeting and underwriting qualitative education on both the Federal and State Governments.
 
“The total education budget for each year is therefore a reflection of both federal and state budgets and should be viewed other financial commitments in their totality.
 
“The allocation to education in the federal budget should not be considered via allocation to the Federal Ministry of Education and also academic institutions alone, but should include allocation to the Universal Basic Education, transfers to TETFUND and refund from the Education Tax Pool Account to TETFUND,’’ he said.
 
President Buhari noted that the aggregate education budget in all 36 states of the Federation and that of the Federal Government, combined with the internally generated revenues of the educational institutions themselves were also subjects that require attention of critics of government funding of education.
 
“In line with the National Policy on Education, this administration has been implementing the Home-Grown School Feeding Programme to provide a free balanced meal per day for each child that attends public primary school in order to encourage school enrolment and facilitate accesses to universal basic education.
 
“To mitigate the impact of security challenges on our schools, I signed the Safe Schools Declaration ratification document in December 2019. The Federal Ministry of Education followed up and developed the Minimum Standard for Safe Schools document in 2021, all part of the Safe Schools Initiative. The Safe Schools Initiative is an expression of government's commitment to continue to work towards the protection of students, teachers and the school environments,’’ the President added.
 
He expressed concern on the manifestation of various forms of corruption in the education sector.
 
“Government and stakeholders in the educational sector are concerned about the manifestation of various forms of corruption in the education sector.
 
“I am aware that students in our universities for example, use different terminologies to describe different forms of corruption they experience on our campuses. There is sorting or cash for marks/grades, sex for marks, sex for grade alterations, examination malpractice, and so on.
 
“Sexual harassment has assumed an alarming proportion. Other forms of corruption include pay-roll padding or ghost workers, lecturers taking up full time appointments in more than one academic institution, including private institutions, lecturers writing seminar papers, projects and dissertations for students for a fee, and admission racketeering, to mention only the most glaring corrupt practices,’’ he said.
 
 
President Buhari commended the ICPC for investigating and prosecuting sexual harassment as abuse of power in educational institutions.
 
“I approve and encourage them to continue to do so,’’ he noted.
 
The President assured that the Government will continue to fund education within realistically available revenue, urging stakeholders, including the media to equally advocate for transparency in the amount generated as internally generated revenue by educational institutions and how such funds are expended.
“Corruption in the expenditure of internally generated revenue of tertiary institutions is a matter that has strangely not received the attention of stakeholders in tertiary education, including unions.
“I call on stakeholders to demand accountability in the administration of academic institutions and for unions to interrogate the bloated personnel and recurrent expenditure of their institutions. Let me also implore the Unions to work with government to put faces and identities to names on the payroll,’’ the President added.

President Buhari also said the Government will continue to guarantee access and establish minimum benchmarks for quality education.
 
“Due to declining resources, government cannot bear the cost of funding education alone. I task our academics to attract endowments, research and other grants to universities, polytechnics and colleges of education similar to what obtains in other countries.
“About two weeks ago, I participated in the 77th United Nations General Assembly, in New York. One of the key events was Transforming Education Summit Leaders Day, titled: Transforming Education to Transform the World: Learning to Live Together Sustainably.

“Nigeria joined other countries in committing ‘to the vision of Education for Sustainable Development and to the objectives of the Greening Education Partnership’ and building ‘education systems that foster ethical and socially responsible global citizens’ who actively contribute to the Sustainable Development Goals.

“That is a vision which we will continue to aspire and build,’’ President Buhari stated.

He congratulated the sole winner of 2022 Public Service Integrity Award, Superintendent Daniel Itse Amah, who rejected the sum of $200,000 to drop a case, and followed up with investigations until the culprit was prosecuted.

“I also commend the Chairman, ICPC, the Secretary to the Government of the Federation and the Registrar of JAMB, for organizing this summit and bringing together the three arms of Government, MDAs and other stakeholders to deliberate on corruption in the educational sector of Nigeria.’’

President Buhari noted that he was pleased to have participated in each of the previous summits organized by the current Board of the ICPC, under the leadership of Prof. Bolaji Owasanoye, SAN, in collaboration with the Office of the Secretary to the Government of the Federation, targeting different aspects of the administration's commitment to fight corruption.

“From inception, this administration has consistently made the fight against corruption a cardinal pillar of its comprehensive commitments and agenda to reform the nation.

“We signed up to the Open Government Partnership and adopted the Open Government Declaration under which we committed to have robust anticorruption policies, mechanisms and practices that ensure transparency in the management of public finances and procurement, and to strengthen the rule of law.

“We have tried in the last seven years to keep faith with these commitments,’’ he added.

In his remarks, Secretary to the Government of the Federation, Boss Mustapha, said the education sector had steadily assumed a pariah status because of corruption that erodes values and resources, noting that education had become an enabler of corruption, instead of a tool for reforms and molding character.
 
According to him, “Corruption is eroding the practical purpose of education at all levels, primary, secondary and tertiary.’’
 
The SGF urged leaders in the education sector to emulate the JAMB Registrar, Prof. Ishaq Olarewaju Oloyede, who had provided “good example of anti-corruption leadership.’’
 
The Minister of Education, Malam Adamu Adamu, said “JAMB is without doubt one of the parastatals that has achieved what no other agency has achieved by extending the boundaries of transparency and accountability in public service.’’
 
He said corruption was a manifestation of educational failure in society.
 
In His keynote address, former Chairman of Independent National Electoral Commission (INEC), Prof. Attahiru Jega, said perception of corruption corrodes the nation’s image among nations, adding “corruption stymies development, drains resources and weakens social contract with the people.’’
 
President Buhari was presented with an award of “Anti-Corruption Icon’’ by the Chairman and Board of the ICPC.
 
Femi Adesina
Special Adviser to the President
(Media & Publicity)
October 4, 2022


 

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