Tag: Reps

  • Reps decry brain drain in university system

    Reps decry brain drain in university system

    The House of Representatives Committee on University Education has expressed concern over the exit of teaching and non teaching members of staff from the nation’s university system.

    The chairman of the committee, Rep. Abubakar Fulata (APC-Jigawa) raised the concern in a statement issued in Abuja on Thursday after the committee’s oversight visit to some universities in the South-East.

    According to him, it is dangerous to have lecturers exit the system by way of retirement or death without any effort to fill the gap.

    He said that the authorities of the University of Nigeria Nsukka confirmed that no fewer than 3000 teaching and non teaching members of the staff had left service since 2019.

    The lawmaker said they left either by retirement, death or resignation, adding that they were yet to be replaced.

    “The 10th House of Representatives is determined to improve on the standard of education in the country hence the oversight visit to ascertain the true condition of the universities.

    Read Also: Tinubu writes Reps, seeks N1.15tr borrowing approval to fund 2025 budget deficit

    “I think it is not normal to see lecturers and even members of non academic staff leaving the university system by retirement, death or whichever way without replacement.

    “It is not also healthy for the university system  to have about 3000 leaving the system and only have permission to recruit just about 500 people.

    “It is my humble appeal to the governing councils of the universities, Ministry of Education and other relevant government bodies to ensure our university system is working smoothly by ensuring there is no undue vacancies,” Fulata said.

    Fulata urged the management of universities in the country to ensure compliance with federal character principles in appointment and recruitment of staff.

    He said during the tour committee observed low compliance rate urging both the old and new universities to correct the anomalies.

    (NAN)

  • Tinubu writes Reps, seeks N1.15tr borrowing approval to fund 2025 budget deficit

    Tinubu writes Reps, seeks N1.15tr borrowing approval to fund 2025 budget deficit

    President Bola Ahmed Tinubu has written to the House of Representatives seeking approval for a borrowing programme of ₦1.15 trillion to fund the 2025 budget deficit.

    In a letter addressed to Speaker Tajudeen Abbas dated October 31, 2025, the President explained the request became necessary to bridge the unfunded deficit arising from an increase in the total budget size by the National Assembly.

    The letter was read during plenary on Wednesday by the Deputy Speaker, Rt Hon Benjamin Okezie, who presided.

    Tinubu noted that while the National Assembly passed a ₦59.99 trillion budget, an increase of ₦5.25 trillion from the ₦54.74 trillion earlier proposed by the Executive, this adjustment created a budget deficit of ₦14.10 trillion.

    However, the borrowing plan approved in the budget amounted to ₦12.95 trillion, leaving an unfunded gap of ₦1.15 trillion.

    Read Also: Tinubu commissions 100 housing units for widows in Kaduna

    “In view of the foregoing, it is necessary to increase the domestic borrowing limit in the 2025 budget by ₦1,147,462,863,321.39 to close this gap,” the President wrote.

    The President’s request, which was made in line with Section 44 (1–2) of the Fiscal Responsibility Act, 2007, seeks the National Assembly’s approval to establish the borrowing programme in the domestic debt market.

    Tinubu expressed confidence in the lawmakers’ prompt consideration of the request, assuring them of his “highest consideration and personal regards.”

    The letter was referred to the Committee on Aids, Loans and Budget Management for further legislative action.

  • Reps adjourn plenary over debt to local contractors

    Reps adjourn plenary over debt to local contractors

    The House of Representatives on Tuesday resolved not to hold plenary for one week in solidarity with local contractors protesting the non payment of the entitlement for work done since 2024.

    The House had resumed to a rowdy session as members argued over which committee should take charge of a proposed investigation of the alleged illegal sale of land at the Lagos International Trade Fair Complex. 

    This House asked the government to immediately pay local contractors about N3trn  owed them for completed work since 2024 while also implementing the capital component of the 2025 budget with immediate effect. 

    The House resolved to adjourn plenary for one week to give the executive time to implement the resolution while asking  the leadership to communicate the resolution to the Executive and ensure implementation. 

    Before the adjournment, a motion moved by the Chairman of the House Committee on Public Assets, Aliyu Ademorin Kuye (APC, Lagos) had requested the House mandate his committee to carry out the investigation elicited heated argument from members regarding which committee has the mandate to carry out the assignment. 

    But the Chairman of the House Committee on Rules and Business, Francis Waive drew the attention of the House to the fact that the House rules places oversight of the trade fair complex on Committee on Commerce. 

    His motion to amend the prayer was defeated through a voice vote but other members of the House insisted the Committee on Commerce be allowed to carry out the assignment. 

    Shout of point of order, point of order rented the air across the floor of the House as members held on their guns. 

    Read Also: House of Reps in rowdy session as member bicker over committee functions

    Yusuf Adamu Gagdi (APC, Plateau) said the motion was more concerned about the landed property inside the complex and not the administrative or commercial activities taking place at the complex, stating the motion should be referred the Committee on Asset. 

    An attempt to have the two committees jointly undertake the assignment was rejected by members as they voted to reject the entire motion. 

    Thereafter, the House became unruly with members refusing to listen to themselves, ignoring the call for order by the Chief Whip. 

    A group of lawmakers thereafter decided to frustrate the business of the day chorusing nay to every question for urgent motion with the Deputy Speaker and the leadership unable to control them, forcing a call for an executive session. 

    After the executive session the House adopted a motion by the Minority Leader on the plight of local contractors who had locked up the National Assembly gates in protest while vowing to remain there for one week. 

    In apparent solidarity with the local contractors, the House adjourned plenary for one to allow the Federal Government implement the House resolution for the immediate payment of the contractors. 

  • Reps approve Tinubu’s request for new external borrowing to finance 2025 budget deficit

    Reps approve Tinubu’s request for new external borrowing to finance 2025 budget deficit

    The House of Representatives on Wednesday approved the request by President Bola Ahmed Tinubu to implement the new external Borrowing plan as contained in the 2025 appropriation act to refinance maturing Eurobonds, and issue a debut Sovereign Sukuk in the International Capital Market. 

    The report of the committee on Loans and Debt was presented to the House for consideration at plenary by the Chairman of the Committee, Hassan Nalaraba. 

    However, there was a mild drama as the Deputy House Leader, Abdullahi Ibrahim Halims, who earlier moved for the consideration of the report, also said the report should be stepped down for further consultation. 

    The Speaker was not pleased with the Deputy House Leader questioning why he should be moving a motion to step down the consideration of the report when he was not fully abreast with the content of the report. 

    The House considered and approved the Implementation of the New External Borrowing of N1,843,669,786,987.16 (equivalent of USD 1,229,113,000.00 at the Budget Exchange rate of USD1.00/N1,500) provided as New External Borrowing in the 2025 Appropriation Act, to part-finance the Budget Deficit of N9,276,348,934,935.79.

    They also approved the request to refinance the USD1,118,352,000.00 Eurobonds (7.625% USD1.118BN NOV 2025) maturing on November 21, 2025.

    They also approved the request by the President to access aggregate external capital of USD2,347,465,000.00 (USD1.229BN and USD 1.118BN), through any of the following option(s) in the International Capital Market (ICM): Issuance of Eurobonds, Loan Syndications, Bridge Finance Facility from Bookrunners and Direct Borrowing from international Financial Institutions. 

    Also approved is the request to issue a stand-alone debut Sovereign Sukuk of up to USD500M in the ICM with or without credit enhancement (Guarantee).

    The President had, in a letter read at plenary on the 7th of October sought the approval of the House to implement the new external borrowing planning in the 2025 appropriation act, to refinance maturing eurobond and issue a debut sovereign sukuk in the international market. 

    Read Also: You can’t influence North against Tinubu, Alawuje tells Atiku, Obi

    The President’s letter dated 22nd September, 2025 was titled “Request for the resolution of the National Assembly to implement new external borrowing in the 2025 appropriation act, refinance maturing Euro bonds and issue debt sovereign sukuk in the international capital market.”

    President Tinubu said the purpose of the letter is to seek a resolution of the House pursuant to the provisions of sections 21(1) and 27(1) of the Debt Management Office (Establishment, Etc.) Act, 2003 to implement the New External Borrowing of ₦1,843,669,786,987.16 (equivalent of USD1,229,113,000.00 at the budget exchange rate of USD1.00/N1,500.00) in the 2025 Appropriation Act for the part-financing of the Budget Deficit. 

    He is also seeking a resolution to refinance the USD1,118,352,000.00 Eurobonds (7.625% USD1.118BN NOV 2025) maturing on November 21, 2025; access aggregate external capital of USD2,347,465,000.00 (USD1.229bn and USD1.118bn).

    The facility is to be accessed through any of the following channels in the International Capital Market (ICM): Issuance of Eurobonds, Loan Syndications, Bridge Finance Facility from Bookrunners and Direct Borrowing from International Financial Institutions. 

    Also, the request is also for a resolution to issue a stand-alone debut Sovereign Sukuk of up to USD500m in the ICM with or without credit enhancement (Guarantee).

  • Reps seek easy access to short loan for cassava farmers

    Reps seek easy access to short loan for cassava farmers

    The House of Representatives on Wednesday asked the Federal Government, through the Central Bank of Nigeria (CBN) to direct the Bank of Agriculture, the Bank of Industry (BoI) and other relevant financial institutions to provide easy access to short-term loans in favour of cassava farmers in the country. 

    The House also asked the government to immediately reconstitute the defunct Presidential Committee on the Cassava Initiative Programme, known as “Composite Cassava Flour of 2002” to improve the welfare of cassava peasant farmers in the country. 

    In a resolution following a motion sponsored by Canice Moore Chukwuugozie Nwachhukwu, the House urged the Federal Ministry of Agriculture and Food Security to embark on massive value chain training of peasant farmers on cassava production, processing and packaging. 

    Moving the motion, Nwachhukwu said cassava production in Nigeria is developing as an organised agricultural crop with locally established processing techniques for food products and livestock feeds.

    He informed cassava is produced in almost all the 36 States of the Federation, including the FCT, while the peels have a high level of Hydrogen Cyanide (HCN), particularly in bitter cassava varieties, which are common in Nigeria and used as an energy supplement in cattle, which can partly replace 30% of total Dry Matter Intake (DMI) energy concentrates, with no influence on the intake, digestibility, microbial efficiency and nitrogen retention and act as an antidote to many cattle diseases. 

    He stated that there are four planting seasons across the country’s six geopolitical zones and is therefore available all year round.

    According to him, this will give the farmers access to a better market share with good selling prices, which will ultimately increase their income while contributing their quota in feeding the nation and increase Gross Domestic Product (GDP), adding that diversification of the Nigerian economy could be achieved by using cassava as an alternative to crude oil to earn substantial amounts of foreign exchange through massive cultivation both for local consumption and export. 

  • Reps to probe TETFund funded projects

    Reps to probe TETFund funded projects

    The House of Representatives has resolved to investigate the standard and quality of completed and ongoing projects executed by the Tertiary Education Trust Fund (TETFund) in all Tertiary Institutions across Nigeria to ensure value for money. 

    In its resolution following a motion sponsored by Aderemi Oseni (APC, Oyo), the House asked the Federal Ministries of Education and Finance, the National Universities Commission, TETFund, and Development Partners to work out modalities to refurbish the First-Generation Universities to restore the glory and quality of the Universities. 

    Leading the debate on the motion, Oseni recalled that First-Generation Federal Universities in Nigeria in the early 60s exuded glory, glamour, quality and class from inception, and were also the pride of the nation in those days, adding that the standard and quality of these first-generation universities, in terms of quality of teachers, 

    students and infrastructure attract them to foreign students and international recognitions across the world. 

    Read Also: TETFund commissions N717m building projects in NSUK

    He expressed concerns that these first-generation universities which include the University of Ibadan, the University of 

    Nigeria, Nsuka, and Ahmadu Bello University Zaria, amongst others, seem to have lost the glory they exuded in the 60s due to years of neglect and unintended abandonment of infrastructure and facilities in the Universities. 

    He alleged that these years of neglect have resulted in decay and dilapidated infrastructure of the institutions’ lecture halls, hostels, auditoriums, etc. The beautiful zoos in the Universities that attracted tourists from far and near are either empty or non-existent. 

    He said Tertiary Education Trust (TETFund) intervention projects initiated to ameliorate the infrastructure gap in the universities, have executed a number of projects in selected Universities, which are of poor quality, with newly completed works deteriorating faster 

    than projects built over 60 years ago.

    He said there was the need for the Federal Government to refurbish the First-Generation Universities in Nigeria to return to their former the glory and investigate the quality of works executed by TETFund to justify value for monies spent on the projects. 

  • Reps pass Bill to strengthen Proceeds of Crime Act for second reading

    Reps pass Bill to strengthen Proceeds of Crime Act for second reading

    The House of Representatives yesterday passed for the second reading a Bill to strengthen the recovery and management of the proceeds of crimes in the country.

    The Bill, sponsored by Yusuf Adams Gagdi (APC, Plateau), seeks to amend the Proceeds of Crime (Recovery and Management Act Number 92 of 2022.

    In his lead debate on the general principles of the Bill, Gagdi recalled that the Bill was enacted to provide a uniform legal framework for the recovery, management, and disposal of proceeds of crime or unlawful activity in Nigeria.

    The lawmaker said it was a landmark legislation aimed at strengthening the fight against corruption, money laundering, and economic and financial crimes.

    According to him, in the course of implementation, certain legal, procedural, and practical gaps have become apparent.

    Read Allso: Reps panel chief hails FATF delisting, says Nigeria’s financial image restored

    Gagdi noted that the gaps have limited the effectiveness of the Act in facilitating non-conviction-based forfeiture, protecting whistleblowers, safeguarding witnesses, and ensuring expeditious judicial processes.

    He said the amendment Bill seeks to strengthen the Act by closing the identified gaps, enhancing accountability mechanisms, and expanding its operational scope to align with contemporary anti-corruption and asset recovery standards.

    Justifying the rationale for the Bill, Gagdi, who heads the House Committee on Navy, said the Bill is rooted in the need to make the proceeds of crime act more effective, responsive, and just in the recovery and management of proceeds of unlawful activities.

    He said: “The fight against corruption and illicit financial flows in Nigeria must go beyond conviction-based recovery of assets. Many cases of corruption, economic sabotage, and illicit enrichment cannot be effectively prosecuted due to death of suspects, flight from jurisdiction, or complex legal hurdles.

    “Non-conviction-based forfeiture provides an important tool for recovering assets in such situations, while still ensuring due process and judicial oversight.

    “Furthermore, the amendment seeks to introduce clarity, consistency, and procedural fairness in the operation of interim and final forfeiture orders, admissibility of evidence, and management of forfeited assets, including digital or virtual assets. This is in line with global best practices and Nigeria’s international obligations under the United Nations Convention Against Corruption (UNCAC) and the Financial Action Task Force (FATF) recommendations.”

    Gagdi said the key objectives of the Bill include strengthening the legal framework for non-conviction-based forfeiture by expressly providing for the recovery of properties reasonably suspected to be proceeds or instrumentalities of unlawful activity, even without a criminal conviction.

    The lawmaker said it would provide for whistleblowing and witness protection mechanisms under a new Section 81 of the Act, empowering relevant agencies to receive, investigate, and act on credible information while ensuring the safety and welfare of whistleblowers.

    Also, the Bill will streamline judicial procedures by defining clear timelines for publication, response, and hearing of forfeiture applications, ensuring expeditious determination of cases and minimizing abuse of court processes, while recognizing virtual assets and digital proceeds of crime by establishing a National Confiscated Wallet for Virtual Assets to be managed by the Central Bank of Nigeria alongside the Confiscated and Forfeited Properties Account.

    Besides, the law, he said, would enhance the admissibility of evidence, including hearsay evidence, where necessary for the effective prosecution and recovery process, consistent with civil forfeiture standards, strengthen institutional coordination by empowering relevant organizations to act efficiently and transparently in the recovery, preservation, management, and disposal of forfeited properties and ensure victims’ rights are protected, by allowing proceeds of forfeited properties to be applied for restitution where applicable.

    He described the Proceeds of Crime (Recovery and Management) (Amendment) Bill, 2025, as a forward-looking reform aimed at consolidating Nigeria’s anti-corruption architecture.

    He said: “It will make asset recovery more efficient, enhance transparency and accountability, and build public confidence in the justice system.

    “By supporting this Bill, we will be strengthening the institutional and legal capacity of our nation to trace, recover, and manage proceeds of crime both within and outside our borders.”

  • Reps probe abandoned multi-purpose dam project in Ile-Ife

    Reps probe abandoned multi-purpose dam project in Ile-Ife

    The House of Representatives has directed its Committee on Public Accounts to investigate the status of the Kajola Multi-Purpose Dam Project in Ile-Ife, Osun State, to determine the total amount of funds released to the contractors since its award in 2004 and ensure accountability in the use of public funds.

    The resolution followed the adoption of a motion titled “Need to complete the construction of multi-purpose dam project in Kajola Village, Ile-Ife, Osun State,” sponsored by Hon. Ajilesoro Taofeek Abimbola.

    The House further mandated the Committee on Water Resources to liaise with the Federal Ministry of Water Resources to make adequate budgetary provisions for the completion of the abandoned project in the 2026 Appropriation Bill.

    According to Hon. Ajilesoro, the contract for the construction of the Kajola Multi-Purpose Dam was awarded to Reynolds Construction Company (RCC) Nigeria Limited on December 21, 2004, at a cost of ₦2.24 billion, with an expected completion period of 24 months. 

    However, work was abandoned after only 40 percent completion due to paucity of funds.

    Read Also: Reps panel chief hails FATF delisting, says Nigeria’s financial image restored

    He recalled that in December 2011, the contract sum was revised to ₦10.87 billion following an augmentation approved by the Bureau of Public Procurement (BPP), with an additional completion period of 24 months (January 2020–December 2021).

    Ajilesoro further noted that in December 2022, the Revised Estimated Total Cost (RETC) of the project rose to ₦22.58 billion, yet the project remains incomplete, leaving residents disillusioned and communities deprived of expected benefits.

    He lamented that the prolonged abandonment of the dam has become a major source of concern, especially as the project was designed to supply bulk domestic water to residents across 11 local government areas in Osun State and parts of neighbouring Ondo State.

    The lawmaker emphasised that the completion of the multipurpose dam would significantly contribute to hydropower generation, flood control, irrigation development, fisheries, and job creation, all of which would improve livelihoods and drive economic growth in the region.

    Following the debate, the House unanimously adopted the motion, resolving to hold the contractors and supervising ministry accountable for project delays while ensuring that adequate funding is secured for the early completion of the Kajola Dam Project.

  • Southeast gets Senate, Reps nod for new state

    Southeast gets Senate, Reps nod for new state

    • Constitution Review Joint Committee okays independent candidacy
    • Recommends additional seat for women in Senate, House
    • Kalu: Additional state augurs well for justice and equity

    The quest for an additional state in the South East yesterday received a boost from the National Assembly Joint Committee on Constitution Review as members unanimously endorsed the request.

    The South East currently has five states, namely Abia, Anambra, Ebonyi, Enugu and Imo, which is one short of the six in each of the South-South, South West, North Central and North East, and two short of the seven in the North West.

    The committee’s endorsement came at a two-day retreat in Lagos, where it reviewed requests for 55 new states across the country.

    The session, chaired by Deputy Senate President Barau Jibrin and co-chaired by House of Representatives Deputy Speaker Benjamin Kalu, deliberated extensively on the matter.

    Senator Abdul Ningi (Bauchi Central) moved the motion for the creation of the new state with Representative Ibrahim Isiaka (Ifo/Ewekoro, Ogun State) seconding it.

    The motion received the unanimous support of committee members and was accordingly adopted.

    The joint committee constituted a subcommittee to consider the requests for the creation of additional states and local government areas across all six geopolitical zones.

     The committee is made up of one Senator and one Rep per state.

    The Nation gathered that the committee also approved independent candidates for all elections and one additional seat for women in each state for the Red and Green chambers of the National Assembly.

    Speaking at the retreat, DSP Jibrin urged members to rally support among their colleagues at the National Assembly and State Houses of Assembly to ensure the resolutions sail through during voting.

    “We need to strengthen what we have started so that all parts of the country will key into this process,” Jibrin said.

    “By the time we get to the actual voting, we should already have the buy-in of all stakeholders—from both chambers and the State Houses of Assembly.”

    Speaking at the opening of the retreat on Friday, Jibrin said the National Assembly had received a total of 55 requests for new states and 278 for additional local government areas (LGAs) nationwide.

    He asked lawmakers to focus on transmitting the first batch of amendments to the state Houses of Assembly before the end of the year, underlining the urgency of the process.

    “It has been a long journey to bring the Senate and the House of Representatives’ Constitution Amendment proposals that cut across several sections and deal with different subject matters,” he said.

    Jibrin highlighted that over the past two years, lawmakers had engaged constituents, civil society groups, institutions, and interest groups through town hall meetings, interactive sessions, and public hearings, culminating in 69 bills, 55 state creation requests, two boundary adjustments, and 278 local government creation requests.

    The committee is tasked with reviewing these proposals, resolving contentious issues, and making recommendations to both chambers. Jibrin expressed optimism that meaningful progress could be achieved during the retreat, even though the exercise was complex.

    He stressed the importance of patriotism and unity in the deliberations, urging participants to prioritise national interests over regional or political divides.

    “There should be no ‘we’ and ‘them’; we should be guided by the interests of Nigerians,” he said, calling for recommendations that meet the approval threshold outlined in Section 9 of the Constitution.

    Kalu and other lawmakers from the South East had said their request was anchored on principles of equity, justice and fairness.

    Senator Izunaso applauds committee’s action

    Reacting yesterday to the joint committee’s action, Senator Osita Izunaso (Imo West (Orlu) hailed it as a welcome development, which he said would boost the fortunes of the region and calm frayed nerves.

     “It’s a good thing. It’s something we have been expecting. It’s something we have been pushing for a long time, and I’m glad that the Joint Committee of the Senate and House of Representatives on the Constitution Amendment today (yesterday) approved that,” he told The Nation on the phone.

    He said the creation of the new state would bring a lot of benefits to the South East.

    Read Also: Okpebholo, PDP trade words over insecurity in Edo

    “For a start, the South East is the only region in the country that has five states. So this is not just one state for the Southeast; it’s just equality of state so that all the zones can have six states.

    “Regardless of the fact that one zone has seven. That is okay.

    “I’m glad about it. And it is something that will promote unity in the country, bring about more cohesion and more corporate action for the country. So I’m glad about it.”

    Enumerating the specific benefits of the proposed state, Izunaso said: “Southeast has only 15 senators. All the other zones have 18 and 21. If the Southeast has an additional state, they will also have 18 senators, have more seats in the House of Representatives, have more local government areas and more seats in the House of Assembly.

    “Even in terms of revenue, Southeast will get more revenue from the Federation. And a lot of other things will come to the region. So it is a win-win situation. It’s not anything that somebody shouldn’t be happy about.”

    He added that the development would also bring an end to agitations in the region.

    “Those people who are agitating for one thing or the other, if an additional state is given to the South East, what again will they be agitating for?”

    Asked how the decision was reached considering that the proposal had faced strong opposition before now, Senator Izunaso said: “Well, it was resolved because we had to appeal to the conscience of all the other people that were there.

    “There were a lot of other agitations. And we didn’t say no to other people who are agitating for states.

    “We didn’t say no because some places are having genuine agitations. But what we canvassed was, let us first of all equalize the number of states per geopolitical zone. Thereafter, every other zone that wants an additional state can be considered based on the merits.

    “And they are doing it. So it’s an open-ended thing. The South East having got this one, it doesn’t stop other states that have genuine agitation from getting it, including the South East again.

    “So it is just to appeal to the conscience of our people because what is fair is fair.

    “Today, President Tinubu has approved development commissions for all the six geo-political zones. So even if we are talking about regional government in one way or the other, then let us have equality of states within those regions. That’s what I’m saying.

    “And you know, when the military were creating these states, they didn’t have any sense of balancing. But in a democratic dispensation, we’re saying let there be fairness, let there be equality.

    “That’s the only thing that we agitated for. And our colleagues bought into it and approved it.”

    But he expressed concern over additional seats for women.

    His words: “Well, you know, to me, women have been agitating. They have looked at other climes and are agitating that additional seats be given to women, particularly in the parliament. So the advantage of it is that more women will be represented.

    “Today in the Senate, we have only about four women, which is less than 5% of the senators in the 10th Senate. So if we have additional women coming from this divide we’re talking about, it might even increase their number to 10% or more.

    “The most important thing is that we didn’t throw it out. We said, okay, we’ve accepted. But it’s still going back to the floor of the two chambers.

    “But the most important thing is that we have accepted to give them one seat at the geopolitical zone. But even how that would be achieved might still be a problem.

  • Reps move to grant EFCC more powers, pass bill for second reading

    Reps move to grant EFCC more powers, pass bill for second reading

    The House of Representatives on Thursday passed for second reading a bill seeking to amend the EFCC establishment act to give it more powers to carry out its task in line with current realities

    Leading the debate, its sponsor, Yusuf Adamu Gagdi, said the Bill seeks to strengthen the institutional Independence, operational efficiency, and accountability framework of the EFCC, with a view to making it more effective in combating the growing complexity of Economic and financial crimes in Nigeria.

    Gagdi, who heads the House Committee on Navy, said when the EFCC Act was enacted in 2004, it provided Nigeria with a pioneering legal framework to tackle corruption and financial crimes, adding that two decades later, the landscape of financial crimes has evolved far beyond what the current law envisaged. 

    He said: “Cybercrime, cryptocurrency manipulation, illicit financial flows, terrorism financing, and real estate-based money laundering have become prevalent. Yet, the EFCC operates under outdated provisions that do not adequately address these new realities”.

    He argued that the existing Act does not provide sufficient guarantees for the Independence of the Commission, exposing it to external influence and political Interference. 

    “This Bill represents a decisive step toward strengthening Nigeria’s anti-corruption

    framework. It seeks to ensure that the EFCC operates as an independent, professional, and transparent institution that is responsive to modern financial crime realities. 

    “This amendment will not only enhance Nigeria’s global reputation, but also promote good governance, economic stability and public confidence in the fight against corruption.”

    The bill which has been referred to the House Committee on Financial Crimes was unanimously passed without debate.