President Muhammadu Buhari has approved the appointment of Dr. Adamu Tutuwa as the substantive Director-General and Chief Executive Officer of the Federal Institute of Industrial Research, (FIIRO) Oshodi, Lagos.

This is contained in a statement signed by the Permanent Secretary, Federal Ministry of Science, Technology and Innovation, Monilola Udoh, in Lagos. The statement said that Tutuwa was the Director of the Biotechnology Centre of the National Biotechnology Development Agency in Jalingo, Taraba, until her new appointment.

READ ALSO : FEC Approves N169.7bn For Reconstruction Of 4 Roads Via Tax Credit Scheme

According to the statement, Tutuwa’s vast experience in science research and development would come in handy as a veritable tool to give FIIRO a further push into the commonwealth of renowned scientific, technology and research nations.

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The Federal Executive Council (FEC) has approved N169.7bn for the reconstruction of four roads under the tax credit scheme.

Babatunde Fashola, Minister of Works and Housing, made this known while speaking with State House correspondents on the outcome of the Council meeting presided over by President Muhammadu Buhari, at the Presidential Villa, Abuja, on Wednesday.

He said, “The two main memoranda relate to the uptake by the private sector in response to the tax credit programme, which we initiated in 2019, by Mr President signing of Executive Order 7 to allow private sector finance public infrastructure in lieu of tax and then to offset it over time, using tax credits.

“So, the first road that was awarded today on that policy initiative is the road from Bali to Sheti through Gashaka to Gembu in Taraba state – 234 kilometres, reconstruction of the road at a cost of N95.232bn

“The existing road, for those who are familiar with it, has no concrete stone base.

READ ALSO : FEC: Aviation Ministry To Acquire AIB Equipment, Office Base In Abuja At 4.045 Billion Naira

“So it’s just laterite on the asphalt so it doesn’t last and it’s breaking up and leading to potholes.

“So, we have awarded this now for reconstruction under the tax credit scheme; there’s a N20bn provision under the NNPC tax credit scheme that will be used to kick-start this immediately.

“So, this is a road that should not suffer from sustained funding challenges. Now that council has approved it, and it’s a very critical road leading to the Mambilla Plateau.’’

He further added that the approval was in response to the tax credit scheme, initiated in 2019 by President Buhari after signing Executive Order 7, to allow private sector finance public infrastructure in lieu of tax and then to offset it over time using tax credits.

The Minister also added that the FEC approved Mainstream Energy Solutions, to invest over N74 billion in the reconstruction of three roads in Kebbi and Niger States.

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 The Economic and Financial Crimes Commission (EFCC) has arrested the Accountant-General of the Federation (AGF) Ahmed Idris over an 80 billion naira fraud. 

EFCC spokesman Wilson Uwujaren confirmed his arrest in a statement, noting that Idris was arrested after failing to honour the commission’s invitations to respond to issues connected to the fraudulent act.

According to the statement, the Commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates, adding that the funds were laundered via real estate investments.

Recall that President Muhammadu Buhari had on June 25, 2015 approved the appointment of Alhaji Ahmed Idris as the Accountant General of the Federation.

Alhaji Ahmed Idris who hails from Kano State was born on the 25th November 1960 and was until his appointment the Director of Finance and Accounts in the Federal Ministry of Mines and Steel Development.

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