WATER CRISIS DEEPENS IN NASARAWA EGGON AS RESIDENTS RESORT TO UNSAFE SOURCES. (PHOTO).

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Water Crisis Deepens in Nasarawa Eggon as Residents Resort to Unsafe Sources Residents of Nasarawa Eggon Local Government Area in Nasarawa State are grappling with severe water scarcity, resorting to stagnant ponds and muddy pools for their daily needs due to the collapse of public water infrastructure. Communities now rely on contaminated water for drinking, cooking, and bathing, raising serious health concerns. Locals described the water as foul-smelling and visibly dirty, but said they have no alternatives. “We’ve not had tap water in over two months,” said Adefu Ruth, a resident of Angwan Kuje. “We’re forced to use this dirty water.” Despite the presence of elected officials and the Commissioner for Water Resources—an indigene of the area—residents say there has been no visible intervention. Some criticized local leaders for neglecting the community after election campaigns. Efforts to get a response from the commissioner were unsuccessful. A ministry staffer, speaking anonymously,...
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AUDITOR-GENERAL QUERIES CBN OVER $4.5BN MISSING FROM FOREIGN RESERVES. (PHOTO)

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 Auditor-General queries CBN over $4.5bn missing from foreign reserves

Auditor-General of the Federation, Shaaka Chira, has asked the Central Bank of Nigeria to offer an explanation for a missing $4.5 billion fund.


An audit report from the Office of the Accountant General said the missing sum was unaccounted for in Nigeria’s foreign reserves between 2018 and 2019.


The yearly audit report provides comprehensive information about the spending and financial affairs of the various ministries, departments, and agencies under the government in a fiscal year.


According to the report, the country’s foreign reserves, which stood at US$42,594,842,852.75 in December 2018, decreased to US$38,092,720,200.72 in 2019. By a simple calculation, US$4,502,122,652.03 could not be accounted for.


The violation occurred following the COVID-19 outbreak, during the tenure of Godwin Emefiele, the former governor of the apex bank currently standing trial in court over corruption allegations.


The Accountant-General has now urged CBN to offer explanations for the missing sum.


The audit report, stressing that the stability of the exchange rate may be jeopardised if the apex bank fails to justify the fund, stated: “This violates Section 25 of the Central Bank of Nigeria Act 2007, mandating the bank to endeavour to maintain external reserves at levels considered to be appropriate for the economy and the monetary system of Nigeria.”

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