: National Identity Management Commission:
 
 
 
 
 
 
 

FORMAL PRESENTATION OF THE FINAL REPORT OF THE DUE DILIGENCE, AUDIT & VALUATION OF THE ASSETS OF THE FORMER DNCR BY BGL/SIAO/OLUSOLA ADEKANOLA CONSORTIA - Wednesday, September 02, 2009

Good morning Ladies and Gentlemen;

All Protocols observed;

I am humbly making this submission to the National Identity Management Commission on behalf of the BGL/SIAO/Olusola Adekanola Consortia in respect of services rendered as detailed below:

As part of its new Identity Management System initiative, the Federal Government established the National Identity Management Commission (“NIMC”) through an Act of the National Assembly to manage its progressive initiative to establish a National Identity Database.

  
 
The initiative is aimed at integrating the various identity related databases in Government Agencies, key public institutions, and the organized private sector. Additionally, in line
 
 
 
 
 
 

with Government’s realization of the growing need for proper identification of individuals in Nigeria, the new System will also lead to the introduction of chip-based general multi-purpose identity cards that will enhance the pric3ess of governance and economic activities in the country.

On of the key imperatives in the ongoing Federal Government reform of the Nigerian Identity Management System and a major role defined for NIMC in its founding Act is the take-over of the assets and liabilities of the former Department for National Civic Registration (“DNCR” or “The Department”). The DNCR had been responsible for implementing the National Identity Card Scheme which was introduced by the Federal Government in 2001.

Consequently, to facilitate adequate appreciation and effective takeover of these assets and liabilities of the DNCR, NIMC appointed consultants led by BGL Plc, SIAO Partners and Olusola Adekanola & Co, (“The Consortia”) with the mandate to carry out Due Diligence, Asset Valuation and Audit Consultancy Services on the Assets and Liabilities of the former Department. The Appointment which was finalized on November 2007, took effect on August 2008 following the formal award of the contract by the Federal Executive Council (“FEC”); and is hereby formally concluded this day Tuesday 2nd of September 2009 by the formal presentation of the final reports hereby presented.

The Consortia’s scope of work on the assignment included primarily the following:

  1. Comprehensive evaluation and detailed analysis of the status of DNCR especially in the areas of Technical, Financial, Legal, Human Resources and Information Technology.
  2. Valuation of Real Estate and Information Technology and other equipment and plants;
  3. Audit of Assets and Liabilities with regard to the aforementioned; and
  4. Assessment of all other relevant issues and stakeholders of the defunct Department.

The conduct of this due diligence and valuation exercise by the Consortia on the assets and liabilities of the former DNCR required physical inspection of such assets, verification of value of the assets and liabilities, Personnel audit, skill assessment and interviews across the entire country. This required visits and physical presence in all the 36 States and Abuja, as well as in the 774 Local Government Areas across the Federation.

Having adequately fulfilled the terms of reference of our engagement and incorporated all NIMC review comments and observations at the subsequent discussions held following submission of the draft final report, this report represents our final submission on the exercise and incorporates the following volumes:

  • Volume I: Main report body comprising Executive Summary and Findings of the Financial, Accounting, Governance, Human Resources and Legal Due Diligence (including appendices).
  • Volume II: Detailed Asset Valuation Due Diligence Report covering Valuation of Land and Buildings (Permanent Structure), Plant & Machinery, Furniture, Fittings and Equipments across the six (6) geopolitical zones and the FCT;
  • Volume III: Technical and ICT Due Diligence Report including appendices.

    • We thank you for the opportunity to assist NIMC on this important project and look forward to partnering with the Commission on future initiatives.

    Thank you and God bless.

    		 
     
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