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Navy Finance Chief Unveils Book on Public Finance System

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Navy Finance Chief Unveils Book on Public Finance System

Navy Finance Chief Unveils Book on Public Finance System

By Ifeoma Ikem 

The Chief of Account and Budget of the Nigerian Navy, Rear Adm. Kashimu Bushi, recently presented to the public a book titled, Fundamentals of Nigerian Public Finance and Accounting”.
The book is the third in the series that the author, who is a Phd holder in Accounting and Finance will be published.
In his remarks, Bushi said the book was written in response to the need to adequately prepare young graduates and newly employed accountants in public sector for the job.
Bushi said,he also realised that throughout his 29 years of service in the public sector and indeed in the Nigerian Navy, most work experiences in different sphere of endeavours were not documented.
According to him, accounting graduates are not exposed to the practical issues in public sector accounting and those that are newly employed in the public sector are not well equipped with the knowledge of public sector financial management and accounting.
“Even public sector accountants are barely exposed to the regulatory aspect of public sector accounting, which often serves as a guide to accounting functions.
“Suffice to state that most accountants in government sectors improve their knowledge and skills of public financial management and accounting through safe efforts.
“Therefore, there is need to involve professional training of the public accountants.
“This informs the publication of this book to add value to the existing body of knowledge in the field of public finance and accounting in Nigeria.
“The accountants, as we know, are the key driver of government financial management system, which is key to economic development and prosperity because all policies are hinged on finance, budget and the accountants are the key implementers of our budgets,” he said.
Bush’s said that getting it right at the training stage would help the finance managers and accountants to have the knowledge of implementing policies effectively and would impact the achievements or success of the budget.
He added that developing the knowledge and skills of accountants would help in improving the performance of the national budget.
According to him, the book provides the requisite knowledge on public sector financial management and accounting.
The Chief of Naval Staff, Admiral Gambo represented by Rear Adm. Okon Eyo, who described the author as forthright officers with high sense of dedication and passion to service.
Eyo said the senior officer had continued to make the Nigerian Navy proud both in service to navy and contribution to national development, adding that Rear Adm. Bushi was a disciplined officer and a goal-getter.
According to him, it is a clear reflection of the attitude he brings to bear in his primary responsibility as the Chief of Accounts and Budget and the books that are churn out.
“He is quite becoming a prolific writer because this is the third book in quick succession and they are all on financial subjects.
“So I think he is trying to share his experience and the knowledge he has gathered both in classroom as students and practically on the on the job so people can learn from it,” he said.
The Chairman, Senate Committee on Navy, Sen. George Sekibo, commended the author for giving back to the public his wealth of knowledge through the book.
Sekibo charged the author to continue to write more books so that Nigerians could learn and benefit from his knowledge as the country would be better for it.
The book is presented to the public by the Institute of Governance and Leadership Studies in Africa (IGLSA). The Director General of the institute, Dr. Lanre Adebayo charges public office holders and Nigerians in general to use the book as an instrument of budget and financial Development. Dr. Adebayo added that utilizing the book will enhance public confidence in public finance management.
Reviewing the book,  Prof. Ibrahim Saleh, Deputy Dean, Faculty of Management Sciences, Federal University, Kashere, Gombe State highlights the major chapters and summary of the book.
A lecture with the theme: Public Financial Management and Accounting: Impact on the Nigerian Economy’ was delivered by Prof. ABC Akujuobi, a former Head of the Financial Department, Federal University of Technology, Owerri.
Emir of Lafia, Hon. Justice Sidi Bage Mohammed 1, and Emir of Kano, Alhaji Aminu Ado Bayero and other prominent Nigerians including Hon. Abike Dabiri, DG Nigerian Diaspora Commission graced the occasion.

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Rekhiat Momoh: Rise of an Amazon in the Power Sector

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Rekhiat Momoh: Rise of an Amazon in the Power Sector

Rekhiat Momoh: Rise of an Amazon in the Power Sector

 

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In a sector that has not always made space for women, Rekhiat Momoh, the newly appointed Acting CEO of Eko Electricity Distribution Plc, has fearlessly taken up a conspicuous space for herself. A self-driven professional who comes across as an enviable Amazon and achiever in an area and era where everyone seems to understate the role and worth of a driven woman, those who know Rekhiat say she exemplifies a modern yet timeless construct of femininity that manifests as a blend of relentless and noble pursuits.

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For the past three decades, Rekhiat has worked her way up in the power sector and served the EKEDC in various capacities, most recently as the Chief Commercial Officer (CCO).According to a statement announcing her new appointment, “Mrs Momoh has been in the power sector for more than 31 meritorious years. She has risen through the ranks in the power sector from the days of NEPA, PHCN, and now Eko Disco, receiving several excellence awards, commendations, and medals.

 

Rekhiat Momoh: Rise of an Amazon in the Power Sector

 

 

“A marketer by training, she has an MBA from the Lagos State University. She is a fellow of several organisations including the Nigeria Institute of Management, the National Institute of Marketing of Nigeria, and several others. She has attended several local and international leadership and management courses and training programmes.” The board further expressed confidence in her ability to perform in her new role effectively and take the company to greater heights.
The Edo State native will oversee Eko Disco’s operations, drive strategic initiatives, service improvements, and stakeholder engagement initiatives within the company through her deep industry knowledge and strategic vision, and ensure the company continues to deliver reliable and efficient power distribution services to its customers.
Indeed, Rekhiat brings extensive experience and exceptional leadership capabilities to her new role. Many described her as a proven team player, change agent, and thought leader in the power distribution space. Her colleagues unanimously said she is the ideal choice to lead EKEDC into the future as her focus on empowering teams, driving continuous improvement, and forging strong partnerships with stakeholders has positioned the company as a frontrunner in the Nigerian power sector.Her appointment further comes at a pivotal time as EKEDC seeks to ramp up productivity and enhance power distribution across its coverage areas.
Born on 7th March 1967, Rekhiat hails from Etsako West Local Government Area of Edo State. She attended Auchi Polytechnic where she obtained OND Business Administration and HND Marketing in 1991 and went on to bag an MBA (Marketing) at the University of Lagos. Without a doubt, the power and pull of Rekhiat’s rise in the power sector will make space for a new generation of young women willing to interrogate their fears and achieve greatness.

Olatunji Oke is the publisher, Lagos Indicator, Nigeria Indicator, and Africa Indicator

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Wanted Delta Monarch Reports Self To Police

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Wanted Delta Monarch Reports Self To Police

 Wanted Delta Monarch Reports Self To Police

 

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Determined to prove his innocence in the controversy surrounding the murder of 17 military men in Okuama, the Ovie of Ewu-Urhobo Kingdom, Ughelli South local government area of Delta State, His Royal Majesty, Clement Oghenerukevwe Ikolo, Urhukpe 1, has surrendered himself to the State Police Command.

 

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Wanted Delta Monarch Reports Self To Police

The monarch is one of the eight persons declared wanted by the Defence Headquarters (DHQ) for their role and connection with the gruesome killing of 17 soldiers in Okuama community in Ewu-Urhobo Kingdom of Ughelli South LGA of Delta State.

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Ikolo reported Thursday evening at the Delta State Police Command in Asaba and was received by the Commissioner of Police, CP Abaniwonda Olufemi.

The monarch had been living in London, United Kingdom, before his recent selection and crowning as Ovie of Ewu-Urhobo Kingdom.

He was presented with a staff of office by Delta State governor, Hon. Sheriff Oborevwori, in November last year.

LEADERSHIP gathered that the monarch had not returned to his kingdom since his coronation ceremony over a legal tussle arising from his selection following the passage of the former traditional ruler.

Briefing journalists before surrendering himself to the Police, the monarch denied any involvement in the killing of the 17 soldiers, comprising four senior officers and 13 soldiers of the 181 Amphibious Battalion of the Nigerian Army.

He called on the federal and Delta State governments to constitute an independent panel of inquiry to investigate the killing of the military personnel within the Okuama community of his kingdom.

HRM Ikolo further stated that he decided to present himself to the authorities to prove to the Nigerian government and the international community that he had no hand or connection with those who murdered the soldiers.

The Police Public Relations Officer (PPRO), SP Bright Edafe, confirmed that the monarch had surrendered to the Police.

Okuama, an Urhobo community, is one of the over 40 communities under the rulership of the monarch in Ewu-Urhobo Kingdom.

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Kogi Tribunal: Confusion as SDP witness contradicts self on alleged ‘affidavit forgery’ .Renders testimony baseless

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Panic As The Cardoso Family Takes Possession Of Lagos Land With 300 Houses

Kogi Tribunal: Confusion as SDP witness contradicts self on alleged ‘affidavit forgery’

.Renders testimony baseless

The testimony of a witness of the Social Democratic Party at the Election Petitions Tribunal on the Kogi State governorship election went awry, on Thursday as the witness’ statement before the Tribunal contradicted the documents submitted.

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The petitioners had delved away from BVAS, after their star witness claimed he was not in Kogi State during the said election, and alleged that the All Progressives Congress candidate, now the Kogi State Governor, Usman Ododo, forged his age declaration affidavit.

The witness, one Dan Musa Williams from the FCT High Court, in Abuja, who had said the document did not emanate from the Court, upon cross examination, could not substantiate his claims.

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When asked whether he checked the record of the registry to ascertain that it was a forged document, he said he just looked at the date, being a Saturday and concluded that it could not have been from them.

It was, however, found that the “declaration of age” affidavit was sworn in Okene, Kogi State, and not in FCT, but the witness claimed that a lawyer forwarded the one he was talking about to him.

Confusion, however, set in when the witness claimed that he also concluded that the affidavit submitted by the APC candidate was fake because it did not have the name and picture of the deponent on it.

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At this point, the attention of the SDP witness was drawn to the fact that the affidavit with INEC, which he also annexed, had both the picture of the deponent and name, and that it was sworn in Okene and not FCT.

The contradictions between what the witness said in court and the documents he (the same witness) presented to the court, seemed to have damaged his testimony beyond repair, as he could not give further defence after the discrepancies were pointed out.

Sitting was thereby adjourned to March 30, 2024 for continuation of hearing.

Pius Akubo, SAN, represented the petitioners, while Kanu Agabi SAN, JB Daudu SAN, and DC Denwigwe SAN represented the Respondents.

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