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Thursday, 28 April 2016

Imo State Bail Out Funds And Tenuousness Of ICPC'S Wildcat Allegations (OPINION)

 



 BY CHARLES ASOLUKA

The last few days have witnessed unprecedented media coverage, both locally and nationally, of allegations by the Independent Corrupt Practices and other related offences Commission, (ICPC) that some states, including Imo, which received bail-out funds failed to apply it appropriately for the payment of workers’ salaries.

Recall that the continuous decline in revenue from crude oil sales and the high level of corruption in the oil and gas sector of the economy has resulted to a situation where many states in the country find it extremely difficult to fulfil their obligations to civil servants as a result of extreme reduction in federal monthly allocations. This is particularly the case with Imo state which happens to have a bloated workforce and the highest number of pensioners; hence, the situation of extreme paucity of funds to discharge salary obligations has become a major challenge to the government.

 In addition, the states’ monthly wage bill has continued to outgrow its monthly allocation from the Federal Government. The state Governor, OwelleRochasOkorocha had hinted that the monthly wage bill of the state is 4.2billion naira, and this is far higher than what accrues to the state from federal allocations and internally generated revenue. The implication is that the government has been operating on a deficit. For instance, in the month of December last year, the state received a meagre 1.9b naira from the Federal Government as its share of allocation. The situation in 2016 does not seem to be different either. Again, the states’ allocation for the month of February this year was 2.29b naira (www.nairaland.com/.../see-what-each). In March, the Federation Account Allocation Committee shared the sum of #731.13b to the three tiers of government which it said is less than what was shared in February by #1.49b (www.tvcnews.tv/?q...fg). Of this amount, Imo state received a paltry 1.5b naira, after deductions of the bail-out repayment. The over-all effect is thatImo state, like many others is currently under extreme financial difficulty, more especially as the economic fortunes of the country continue to dwindle. Unfortunately however, this has been the trend since last year.

It was therefore against the above lingering background that state governors, under the aegis of Nigerian Governors Forum, approached the Federal Government soon after the emergence of President MuhammaduBuhari in 2015, for intervention. The president had initially resisted the demand, but later had a change of heart due to the high level of concern he has for workers’ welfare and the need to forestall civil unrest and mass action as a result of mass disenchantment and a sense of helplessness among the  work force in the affected states. Consequently, in collaboration with the National Economic Council (NEC) and working through the Central Bank and the Federal Ministry of Finance, a relief package or what has come to be known as bail-out fund was fashioned out by the Federal Government.

According to government sources, the package is a loan with 9% interest rate and repayable within a period of 20years. The funds are a combination of funds withdrawn from the excess crude account, proceeds of $2.1billion from the Liquefied Natural Gas operations, a Central Bank special intervention fund, and a debt relief package put together by the Debt Management Office (DMO) intended to assist states restructure their commercial loans, elongate the repayment period and lessen the burden on them. Hence, without any doubt, the Federal Government’s intervention was altruistic and intended to create financial stability in the affected states.

However, as is usually the case with most things in Nigeria, especially in a system where accountability is a very serious issue, the concern of many patriotic and well-meaning Nigerians at the time was the ability of the Federal Government to properly monitor the use of the bail-out funds so that recipient states would use the money judiciously for the purpose it was meant. As a result, calls were made for agencies of the government such as the ICPC and EFCC to put measures in place and ensure that bail-out funds were properly applied by states.

But like in the same manner in which the anti-graft agency has mishandled most corruption cases that were brought before it through sensationalising them without properly conducting investigations, the recent allegations of misapplication of the bail-out funds by 23 states, including Imo, by the agency have attracted widespread condemnation and criticisms from the states which were wrongly accused. It is no longer a secret that the ICPC has been rated as one of those agencies that have fared so badly since inception in 2000. Accused frequently of being weak, slow and tardy in the discharge of its duties, especially in the conduct of investigations, the agency can only boast of dismal performance since inception. 

For instance, the anti-graft agency has made what many consider as highly bogus, untenable, unverifiable and wildcat allegations against Imo state government. Firstly, it alleged that the 26.8b naira the state received as bail-out fund was paid into two commercial banks while part of it was transferred ‘into uses not related to workers’ salaries’. It also alleged that it discovered that N2b naira was lodged into a Government House Account, an additional N2b was paid into Imo state project account while yet another N2b naira was lodged in a Micro-Finance Bank and a ‘management fee’ of N21m naira paid into an unspecified account. It also alleged that of the 26.8b naira given to the state, only about 6b naira has been disbursed.

An in-depth and dispassionate appraisal of the statement that emanated from the ICPC reveals that it is not only hollow but wishy-washy and banal, much as it lacks investigative empiricism. It is rather disappointing and indeed embarrassing that the anti-graft agency charged with such an onerous responsibility could issue an empty and blanket statement. In a swift reaction, the state government lampooned the agency, accusing it of being economical with the truth. In a statement it issued on the matter, the government queried how the agency arrived at such nebulous conclusions of inappropriate disbursement of the funds since it dwelt only on the movement of funds to accounts, and not what the funds in those accounts were used for. It further argued that the Federal Government did not specify to the states that received bail-out funds that such funds must be domiciled in particular or named accounts as a pre-condition for approval.

The release also clarified that the amounts being bandiedabout by the ICPC which it said  were moved to the mentioned accounts were used to pay salaries and emoluments of some of the state government agencies, a point that was silent in the ICPC release. For instance, the government said that Imo Security Network, Imo Community Watch, ‘Youth Must Work’ teachers, Community Government Councils, Imo College of Nursing and Health Sciences staff were all paid their salaries in December last year from two of the accounts mentioned by the ICPC.

In the case of Imo state project account which the agency also made mention of, the government said it drew funds from this account to augment other sources for the payment of workers’ salaries prior to the approval and release of the bail-out fund. Hence, as soon as the funds were received, the government had to replenish the account from where the funds were borrowed to pay salaries before the release of the bail-out money.   The government also said that it is only in arrears of March, 2016, as February salary payment has already commenced.

However, it is pertinent to state categorically that the position of government on this issue does not in any way suggest that it is averse to proper accountability in the  manner the bail-out fund was used. What it is against is the fact that ICPC’s allegations against the state lacked proof of conviction as it appears they were made in bad fate

It has also recently been revealed that the repayment of the bail-out loan by states is having a toll on their finances. The fact is that the bail-out was only a stop gap measure, meant to clear outstanding salary arrears, which Imo state government did last year as soon as the funds were released to it. The government had fervently hoped that the price of crude would improve and by implication the revenue to the Federal Government. However, with the continued decline in revenue of the Federal Government, and consequently, monthly allocations to states, it has become a tall order for the state to meet up with its financial obligations.

The above grim economic situation informed the advice of the National Economic Council (NEC) that states should seek ways to reduce the cost of governance in terms of cutting cost through the elimination of ghost workers, reappraisal of overhead cost as well as plugging wastages. The recent re-organization and restructuring of some Ministries, Departments and Agencies (MDA’s) by the state government which brought it on collision course with labour was therefore in response to the above. It was also in recognition of the hardship being experienced by states that took bail-out money that the Federal Government recently decided to stop deductions from the loan for this month in order to give them a breathing space.

Hence, the present administration in the state under the able leadership of Owelle Rochas Okorocha has demonstrated in no uncertain terms that it is totally committed to the welfare of workers. Throughout his first term in office, the Governor did his utmost to ensure that salaries and wages were paid timely. However, the present economic hardship has redefined governance as most states, including the Federal government, are walking a tight rope. The state government has also demonstrated utmost good faith in its commitment to creating an excellent working relationship with labour. The statement from ICPC therefore is clearly intended to jeopardise the existing industrial harmony in the state and set the citizens against the government.

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