ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL. (PHOTO). #PRESS RELEASE.

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 STATEHOUSE PRESS RELEASE   ENGINEERS FAROUK AHMED, GBENGA KOMOLAFE RESIGN, PRESIDENT TINUBU NOMINATES SUCCESSORS TO THE SENATE FOR APPROVAL President Bola Ahmed Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC).   The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC. Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).   To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.   The two nominees are seasoned professionals in the oil and gas industry.   Eyesan, a graduate of Economics f...
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CAMEROON LOSES OVER FCFA 100 BILLION TO CORRUPTION IN 2023,CONAC REPORT REVEALS. (PHOTO).

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 Cameroon Loses Over FCFA 100 Billion to Corruption in 2023, CONAC Report Reveals


Cameroon lost more than FCFA 100 billion to corruption in 2023, according to a recent report from the National Anti-Corruption Commission (CONAC). The report, presented on September 26 by CONAC president Rev. Dieudonné Massi Gams in Yaoundé, shows a sharp rise in funds lost compared to previous years. 


Back in 2020, around FCFA 17 billion was reported lost due to corruption, while in 2022, the figure grew to over FCFA 43 billion. The 2023 losses represent a huge increase.


CONAC's Budgetary Disciplinary Committee took action against officials from six organizations, including the National Social Insurance Fund (NSIF) and the Cameroon Real Estate Corporation (SIC). Some managers were held responsible for a total of FCFA 6.1 billion in financial damages.


Rev. Massi Gams noted that the total amount owed to the state is estimated at FCFA 38.5 billion. The Special Criminal Court recovered around FCFA 1.47 billion, while an additional FCFA 7 billion was reclaimed through debt recovery, totaling FCFA 8.5 billion in recovered funds.

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