FG Urged to Make Public Sector Boards Transparent, Accountable to Build Citizens’ Trust

Emma Okonji

The Centre for Public Sector Governance (CPSG), chaired by the Board Chairman, MTN Nigeria, Dr. Ernest Ndukwe, yesterday, had its first virtual Public Sector Director’s Symposium, where it urged the federal government to strengthen the public sector boards for accountability and transparency that would earn public trust.

Participants and speakers at the symposium themed: ‘Reimagining Public Sector Boards: Global Insights for Africa’s Transformation’, called for a change in orientation of the system, where the public sector boards in Nigeria are managed through the political process, thereby denying real technocrats with relevant skills, the opportunity to serve in public sector boards.

They called on CPSG to help persuade the political class and decision makers to change the orientation so that the best people can serve on public sector boards.

The first speaker, Dr. Femi Ogunrinde, who is an international governance architect, based in Canada, stressed the need for the integration of younger people that are showing promising signs and educating them on public sector governance.

He also spoke about the need to appoint public sector board members on merit and in a most transparent way. 

“I understand how the Nigerian political system operates and it has been so for several years, but I have a great hope for this country called Nigeria. It will change.

It cannot continue to be what it is right now,” Ogunrinde said.

The second speaker, and Chairman, Governing Council, Pan Atlantic University, Lekki, Lagos, Mr. Odein Ajumogobia (SAN), spoke on the need to strengthen Nigeria’s public sector board as a pathway to Africa’s future.

According to him, “We’ve imagined transformation, we’ve imagined accountability, we’ve imagined efficiency, but for the most part, what we’ve imagined hasn’t quite matched what we’ve implemented or what we are experiencing as citizens on the African continent. Across Africa, public boards were designed to be the engines of accountability and performance, the guardians of public interest, and the strategic compass for public enterprises.”

He however said in Nigeria, people are standing at a defining moment, with over 1.5 million citizens, huge resources, natural resources, and one of the world’s most vibrant youth populations, and therefore called for a shift from boards that sit to boards that steer leadership.

Every nation’s progress rests on the strength of its institutions, and the strength of institutions depends on how they are governed. Nigeria must raise boards that develop strong institutions and a strong nation, Ajumogobia said, adding that boards are the custodians of strong public institutions.

They set direction, ensure accountability, and protect the public interest. When boards work well, institutions deliver. Good governance is therefore not a luxury, it’s a national infrastructure. It’s as critical as roads, ports, and electricity, he further said. He gave examples of countries like Canada, New Zealand and Singapore, where public sector governance is well practiced.  

Highlight of the symposium was the launch of the Journal of Public Sector Governance, designed for professionals and the academics. 

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    Bakari stated that the delisting of Nigeria underscores the country’s commitment to global standards in combating money laundering, terrorist financing and proliferation financing.

    The CEO recalled that Nigeria was placed on the FATF grey list in February 2023, following the identification of strategic deficiencies in its Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.

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    She added that through a strategic programme of legislative reforms, institutional strengthening and enhanced inter-agency coordination, Nigeria has demonstrated sustained commitment to financial transparency and integrity.

    According to the statement, Nigeria was represented at the Plenary by a High-Level Delegation which included the Attorney-General of the Federation and Minister of Justice, Minister of Finance and Coordinating Minister of the Economy, Minister of Interior and the Director/Chief Executive Officer of the NFIU.

    Speaking on behalf of Nigeria, the Minister of Finance, Mr. Wale Edun, reaffirmed Nigeria’s commitment to strong Anti-Money Laundering and Counter-Financing of Terrorism systems noting, “…Nigeria’s ambition was never limited to simply completing the Action Plan and exiting the grey list. Our focus has been on driving reforms, enacting legislative enhancements and strengthening institutions to ensure Nigeria effectively counters money laundering and terrorist financing. For us, the Action Plan was not the ceiling, but the floor of our aspirations.”

    He further noted that Nigeria’s commitment goes beyond compliance as it reflects a national transformation agenda that prioritises transparency, integrity and accountability.

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    The Director/Chief Executive Officer of the NFIU, Ms. Hafsat Abubakar Bakari, who has overseen Nigeria’s efforts to implement the reform roadmap, commended the collective effort that led to this achievement.

    She said “Nigeria’s removal from the FATF grey list is a true test of our resilience, coordination and unwavering commitment to reform. It is a clear signal to the world that Nigeria can meet and exceed global standards in financial integrity.”

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    Bakari pointed out that Nigeria’s success was made possible by all the stakeholders highlighted above and ensured a whole-of-society approach that enhanced the country’s technical compliance and operational effectiveness.

    The NFIU CEO thus, called on all stakeholders to sustain the efforts and ensure that Nigeria maintains its leading position in the global network and acts as a beacon for effective measures to protect and safeguard global prosperity and security.

    During the Plenary, the FATF also approved the removal of Burkina Faso, Mozambique and South Africa from the grey list, marking an impressive day for improved financial sector integrity on the African continent.

    The NFIU congratulates the delegations from these countries and looks forward to strengthened continental cooperation.

    ​  

    *Bakari: Feat a new chapter for financial integrity, global confidence Alex Enumah in Abuja Nigeria has finally exited the Grey List of the Financial Action Task Force (FATF), the global

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    Sunday Aborisade in Abuja

    The Deputy President of the Senate, Senator Jibrin Barau, on Friday declared that the National Assembly is determined to deliver the first set of amendments to the 1999 Constitution before the end of this year, in what he described as a people-centred and time-bound reform effort.

    Barau, who chairs the Senate Committee on the Review of the 1999 Constitution, according to a statement by his Media Office, stated this while addressing lawmakers at the opening of a two-day joint retreat of the Senate and House of Representatives Committees on Constitution Review in Lagos. 

    The session, he said, marked a crucial stage in the ongoing constitutional amendment process that has so far attracted broad national participation.

    According to him, the committees will consider 69 bills, 55 state creation requests, two boundary adjustment proposals, and 278 local government creation demands during the retreat. 

    He stressed that the exercise is designed to allow clause-by-clause scrutiny of all proposed amendments to ensure credibility, inclusiveness and transparency.

    Barau said: “It has been a long journey to bring the Senate and the House of Representatives’ amendment proposals together.

    “We have been at this for two years, engaging citizens, stakeholders and institutions in town halls, public hearings and consultations. 

    “The views harvested have culminated in the 69 bills and hundreds of requests now before us.”

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    According to him, “It is not going to be a simple task to conclude within two days, but I believe we can achieve it. 

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    “We are seated here as one committee. There should be no ‘we’ and ‘them’. We must be guided by what serves Nigerians best.

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    The Lagos retreat marks the most intensive phase yet in the 10th National Assembly’s constitutional review effort, which aims to address key national issues, including state creation, local government autonomy, resource control, gender inclusion and electoral reforms.

    The Deputy Senate President’s statement underscores growing momentum in the constitution amendment process, with the National Assembly expected to harmonize its proposals and transmit them to state Assemblies before the close of 2025.

    ​  

    * Barau rallies lawmakers to fast-track people-centred reforms Sunday Aborisade in Abuja The Deputy President of the Senate, Senator Jibrin Barau, on Friday declared that the National Assembly is determined

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