Tag: Reps

  • Reps to inaugurate tactical committee on recession Tuesday

    The House of Representatives will on Tuesday inaugurate a tactical committee to arrest the country’s current economic recession.

    The committee would liaise with relevant stakeholders in the sector to achieve the goal of taking Nigeria out of recession.

    The committee is expected to monitor various steps and policies initiated by the Federal Government toward returning the country’s economy to the path of growth.

    The committee will interface with government Ministries, Departments and Agencies (MDAs) and interact with Manufacturers Association of Nigeria (MAN), the Nigeria Labour Congress (NLC) and civil society organisations in a bid to arrest the recession.

    NAN

  • Reps to amend SMEDAN law to empower artisans, others

    The House of Representatives on Wednesday commenced public hearing on a bill to empower artisans and craftsmen to enable them contribute to the country’s economic growth.

    The bill proposed the repeal and re-enactment of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) Act 2003, the News Agency of Nigeria (NAN) reports.

    The agency was established through the Act to coordinate and facilitate the development of micro, small and medium enterprises.

    The sponsor of the bill, Ahmed Kaita (APC-Katsina), said the need to empower and protect a massive population with the capacity to spur the country’s economy motivated him to sponsor the bill.

    “For any economy to get it right, it must first of all empower that working population which is massive. Those people that we are referring to are large in number and can spur growth.

    “There is no government policy that will lead the country out of this economic doldrums without considering these artisan, craftsmen, market women and all those people that contribute to the economy,’’ he said.

    The lawmaker argued that most developing countries that were at par with Nigeria were able to get it right because they were able to address the issues that the bill sought to address.

  • Reps probe sale of $1b foreign exchange

    Reps probe sale of $1b foreign exchange

    • CBN: we’re not aware of NNPC/IOCs forex sale deal

    The House of Representatives  Ad hoc Committee on the Reduction of Petrol Prices has summoned Central Bank of Nigeria (CBN) Governor Godwin Emefiele, over alleged irregularities in the sale of $1billion foreign exchange (forex) last year.

    The CBN chief is also to explain how International Oil Companies (IOCs) got the powers to act as finance houses that sell forex to major oil importers as well as to the CBN.

    The committee, headed by Hon. Nnanna Igbokwe, is probing the sale of $1billion in June, last year by the apex bank, because in the preceding months, it sold far below such figure and thereafter ceded sale of forex to IOCs.

    Director, Financial Markets Department at the CBN, Mr. Alvan Ikokun,  surprised the committee members when he said IOCs had been selling forex to major oil marketers and the CBN.

    Ikokun, answering questions, said the CBN does not monitor the transaction that takes place between the marketers and IOCs and knew nothing about the agreement between the Nigerian National Petroleum Corporation (NNPC) and IOCs.

    The committee asked: “Which CBN  laws and financial regulations allow IOCs to trade foreign exchange to importers and dealers, as well as the CBN?”

    Ikokun declined to answer the question but said: “Our legal counsel will answer that.” According to him, everything was done with the authorisation of the management.

    Igbokwe said: “The $1 billion allocation which was sold to importers and marketers by CBN records came up in June. Between July, August, September, October and November 2016, they didn’t make sales. They now started in December and made sales of $372 million.

    “The explanation by CBN was that they relaxed the rules in June. In June it shot up to $1 billion and this is where we wanted to get clarification.

    “The figures they presented was just showing a summary of all allocations to importers of petroleum products and we’re insisting that they should dissect it and present a detailed schedule of all importers that have received foreign exchange.”

    According to him, the CBN had been invited to the hearing because most of the importers and marketers of petroleum products, especially petrol “ had alluded to the claim that they had difficulties in assessing forex to be able to import the products.”

    The committee thereafter summoned Emefiele to its next sitting to come with the details of the petroleum products dealers allocated forex  from January 2015 till date, all dealers allocations and the banks they passed through; the criteria to assess forex and all relevant documents to support the transactions.

    Also speaking before the committee, Director, Marine Services, Naval Headquarters, Commodore Preston Efedua, said its the multiplicity of charges that is responsible for ships preferring Lome to Lagos for offloading their products.

    According to him, the Navy does not charge any fees for its role in checking and clearing the incoming vessels, adding that the collaboration between the Nigerian Navy and Nigerian Maritime Safety Administration Agency (NIMASA) is yielding dividend in terms of security.

  • Reps summon Emefiele over foreign exchange sale to oil marketers

    Reps summon Emefiele over foreign exchange sale to oil marketers

    The House of Representatives on Monday summoned the Central Bank of Nigeria (CBN) Governor, Mr. Godwin Emefiele, over alleged sale of foreign exchange to International Oil Companies (IOCs).

    Emefiele’s invitation by the House’s Ad hoc Committee on the Review of Pump Price of Petrol followed the committee’s rejection of the records of the foreign exchange transactions presented to it.

    The committee, which continued its public hearing on the issue in Abuja, ordered that the CBN governor should appear with details of all beneficiaries of the foreign exchange deals.

    He is also expected to give insight into the banks used by the apex bank in the transaction with the oil marketers.

    While presenting the rejected record on behalf of Emefiele, the Director, Financial Market Department of CBN, Dr. Alvan Ikoku, told the committee why the bank acted as third party to oil companies and importers of petroleum products.

    He said the CBN took over the purchase of dollars from the IOCs and began to sell directly to petroleum marketers seeking foreign exchange to import products.

    The News Agency of Nigeria (NAN) reports that it was not revealed in the records how much the apex bank sold the currencies to the companies even when it stated that Emefiele determined the rate the currencies were sold to oil marketers.

    The committee Chairman, Raphael Igbokwe, directed the CBN boss to come and explain the legal provisions that allowed IOCs to operate as financial institutions selling foreign exchange to Nigerians.

     

     

  • $174m ADB loan: Senate, Reps summon Fashola over sack of TCN management

    $174m ADB loan: Senate, Reps summon Fashola over sack of TCN management

    The Senate and House of Representatives Joint Committee on Power yesterday summoned the Minister of Power, Works and Housing, Mr. Babatunde Fashola, to explain the sudden sack of the management of the Transmission Company of Nigeria (TCN).

    The minister was asked  to appear before the joint committee on Monday February 6,  to provide explanation for the removal of the management of TCN.

    The National Assembly expressed worry about the brewing crisis in the TCN over the unilateral change in the leadership of the company.

    The Nation gathered that the change in the leadership of the TCN was in fulfillment of the conditions to obtain the $174 million loan granted the Federal Government a year ago by the African Development Bank (ADB).

    The loan was specifically granted to tackle the country’s energy crisis. The removal of the management team of the TCN was said to be a major condition for the loan.

    In the absence of the management of TCN, ADB “experts” will be deployed to run the TCN and manage the national grid for six months in the first instance.

    It was learnt that President Muhammadu Buhari’s approval of the condition paved the way for the sudden removal of TCN’s Managing Director, Abubakar Atiku Tambuwal.

     Alhaji Usman Gur Muhammed, a former member of staff  of the TCN, has been penciled to replace Tambuwal..

    A statement by the joint power committee of the Senate and the House of Representatives yesterday, asked the Power, Works and Housing minister to appear to throw light on the development.

    The joint committee after its meeting also directed that “the status quo ante in respect of the management of TCN be maintained”.

    The statement endorsed by Chairman of the Senate Committee on Power, Senator Enyinnaya Abaribe and the Chairman of the House Committee on Power, Daniel Asuquo, also ordered that: “All TCN staff and relevant stakeholders should maintain the peace in the overall interest of the nation.”

    The Senate had on Wednesday wondered why a critical national asset like the TCN would be handed over to the ADB when it has not been privatised.

    The statement entitled “The TCN Leadership Crisis and its Effect on the Power Sector” reads:

    “The Joint Committee on Power of the National Assembly acting on its powers of oversight received disturbing correspondences and information regarding the sudden change in the leadership of TCN, and its attendant crisis.

    “Considering the urgency of the matter, especially due to the present economic recession, the Joint Committee resolved to invite the Hon. Minister of Power, Works and Housing to explain the decision of the ministry to “import” from the ADB (one of the lenders to TCN) yet another duplication of the Manitoba experience which had left a negative impression on the fortunes of TCN and indeed the Power Sector.

    “The Joint Committee invited the Hon. Minister for Power, Work & Housing to appear before the Committee along with relevant officials on the 3rd of February which he could not appear.

    “Consequently, the Joint Committee met and resolved as follows:

    “(a) That the status quo ante in respect of the management of TCN be maintained;

    “(b) That the Minister should endeavor to appear before the Committee on Monday 6th February, 2017 by 10 am. and

    “(c) That all TCN staff and relevant stakeholders should maintain the peace in the overall interest of the nation”

    The lawmakers were said to be “very concerned about some issues which may arise from the loan deal if implemented as agreed.”

    A member of the committee noted that they were particularly worried about: “The propriety of allowing the ADB to run the TCN even when it is yet to be privatised;the legality of removing the TCN management, which is just midway into its tenure; and the arrangement under which the critical national asset will be given to the ADB.”

  • Senate, Reps stop SGF’s office, Aviation’s budget defence

    Senate, Reps stop SGF’s office, Aviation’s budget defence

    Budget defence began yesterday on a sour note for some Ministries, Departments and Agencies (MDAs).

    Secretary to the Government of the Federation (SGF) Babachir David Lawal’s representative was turned back by senators.

    The House of Representatives committee asked the Ministry of Transportation (Aviation) to properly explain how the 2016 budget was used. The ministry was prevented from defending its 2017 estimates.

    However the Ministry of Transportation was lucky. The senate committee okayed its 2017 estimates.

     The bickering between the Senate and the SGF over alleged abuse of office leveled against Lawal, was resuscitated during a budget defence session yesterday.

     The SGF sent a permanent secretary to appear before the Senate Committee on Federal Character and Inter Governmental Affairs to defend the 2017 estimates of his office.

     Lawal’s absence did not go down well with members of the Senator Tijjani Kaura-led committee, who refused to honour the Permanent Secretary, General Services Office of the SGF, Mohammed Bukar.

    The Permanent Secretary informed the committee of the absence of the SGF minutes before commencement of the meeting.

     The SGF, it was learnt, was attending a meeting, hence he could not appear before the senate.

     But members of the committee insisted that “the permanent secretary will not be allowed to represent the SGF.

     They frowned at “the failure of the SGF to inform the committee in writing about his inability to be available for the budget defence.”

     The lawmakers put off the budget defence and proceeded to brief Senate President Bukola Saraki on why it became necessary for the meeting to be postponed.

    It was learnt last night that the SGF had indicated that he would be willing to appear before the committee at the next date.

     A member of the committee told reporters: “Much as we try to protect the SGF as a brother, there are limits to what he should do. What he ought to do was to seek the understanding of the committee to reschedule the meeting, which is a normal thing.

     “As far as the committee is concerned, courtesy demands that he should call the chairman. He did not appear and he did not show concern. Since he is not here and not ready, he should make contact with the committee to reschedule.

     “Why he is not here is not cogent enough. He said he went to condole with a family over the loss of a loved one, but here we have a colleague, a senator for that matter, who is also supposed to attend the funeral of a loved one staying back to attend the budget defence.

    “As far as we are concerned, the excuse he gave of going for the burial of a loved one is not a good one at all.”

     The relationship between the Senate and SGF became sour following the resolution of the Senate that President Muhammadu Buhari should sack the SGF over alleged abuse of office. But the President urged the senate to side step the resolution.

    Ministry of Aviation officials were prevented from defending the ministry’s budget yesterday unless a comprehensive presentation was made to the House of Representatives Committee on Aviation within 48 hours.

    This is because officials of the Ministry failed to satisfactorily defend some expenditures of the Ministry in the 2016 budget document.

    The Ministry’s Director of Finance, Akin Ijiwole, failed to convince the Nkeiruka Onyejeocha-led Aviation Committee on how N407million was committed to a N700m project  but had zero performance recorded in the budget document.

    In addition, while the Committee expressed concern over budget releases, budget performance and physical development, it questioned the rationale behind the completion of 22 capital projects out of 98 while 28 projects out of 32 were completed for Overhead.

    The Committee also sought explanation for the release of N25million out of N320milion for Enugu Airport control tower with the fiscal year running out.

    The Committee wondered if the project would not end up as another abandoned project.

    Mrs Onyejeocha said: “There is an urgent need to discuss procedures for making the aviation sector self- sustaining in line with the stance on diversification.

    “The aviation sector is of enormous importance to our nation and matters concerning expenditure and revenue projections require careful consideration to reap the benefits the sector has to offer”.

    Minister of State (Aviation) Hadi Sirika, said the decision of the government was to complete all abandoned  projects, which was the reason behind the mobilisation of contractors that had abandoned projects across the country. He cited the example of Enugu and Port Harcourt Airports

    On the closure of Abuja Airport, he said, “We have done all we can, the process for closure of the airport is complete.

    When asked to break down the figure in the budget document the Director of Finance failed to convince the Committee members with his explanation.

     This led the Committee to warn that the consideration of the Ministry’s 2017 budget would be affected unless full information on the real percentage of project completion and a comprehensive budget estimates presentation was made within 48 hours.

  • Senators, Reps to Buhari: Forward Onnoghen’s name for confirmation as CJN

    Senators, Reps to Buhari: Forward Onnoghen’s name for confirmation as CJN

    The Cross River State National Assembly caucus Tuesday asked President Muhammadu Buhari to forward the name of Acting Chief Justice of Nigeria, Justice Samuel Walter Onnoghen to the Senate for confirmation as substantive CJN.

    The caucus said that the growing sentiment is that Justice Onnoghen’s earned elevation to the rank of CJN is held in abeyance because he is not from a particular ethnic origin preferred by “powerful forces” in the country.

    It said that the feeling in some quarters is also that non transmission of Onnoghen’s name to the Senate for confirmation may have been because of his profound and at times radical judicial pronouncements.

    The National Judicial Council (NJC) in the exercise of its powers under Section 231 (1) of the 1999 Constitution (as amended), on October 13, 2016 recommended Hon. Justice Samuel Walter Onnoghen as CJN to the President.

    President Buhari appointed and swore in Justice Onnoghen as Acting CJN on November 13, 2016.

    Leader of the caucus, Senator John Owan Enoh, who spoke at a press briefing in Abuja noted that  exactly two months and 15 days, the President has delayed and withheld to forward Justice Onnoghen’s name to the Senate for confirmation as CJN as required by Section 231(1) OF THE 1999 Constitution (as amended)

    The Cross River Central lawmaker noted that they decided to speak with one voice and to insist that “Justice be done on the appointment of Hon. Justice S.W. Onnoghen as Chief Justice of Nigeria.”

    Senator Enoh lamented that the non-transmittal of the name of Justice Onnoghen as the CJN has cast a pall of uncertainty on the judiciary, leaving in its wake, a huge shadow and question on the capacity of the hallowed temple of justice to deliver justice in the overall interest of the country and its citizens.

    He noted that in approaching the issue, they were minded by the critical role allotted to them as public office holders and representatives of their people to speak in defence of “truth, equity and justice.”

    Enoh said, “You may recall that the National Judicial Council in exercise of its powers under Section 231 (1) of the 1999 Constitution (as amended), on October 13, 2016 recommended Hon. Justice Samuel Walter Onnoghen as Hon. Chief Justice of Nigeria to the President, President Muhammadu Buhari .

    “The tenure of the former Chief Justice of Nigeria, Hon. Justice Mahmud Muhammed had elapsed and the president appointed and swore in Hon. Justice Samuel Walter Onnoghen as Acting Chief Justice of Nigeria on November 10, 2016.

    “Exactly two months, and fifteen days, the presidency has delayed and withheld to forward his name to the senate for confirmation as Chief Justice of Nigeria as required by Section 231 (1) of the 1999 Constitution as amended.

    “We are worried by this development for obvious reasons. As a hallowed institution, the judiciary is the bastion of our democracy and should be insulated from undue influence, politics and manipulation of political predators.

    “It operates on an established tradition of a settled succession based on merit, and seniority. This established order and convention has imbued it with a measure of stability and positioned it to play the critical role of dispensing justice immune to undue influence of powerful vested interests.

    “Before now, the convention is for the president to forward the name of a candidate so recommended to him by the National Judicial Council in exercise of its powers and responsibility.

    “Pursuant to its mandate, what is required from the presidency in this case is a decisive action of simply transmitting the name of Justice Samuel Walter Onnoghen to the senate for confirmation which unfortunately has not happened.

    “This unfortunate development has enveloped the Supreme Court and Judiciary with an intriguing cobweb of uncertainty and given conspiracy theorists a field day to decode why this obvious travesty has endured up till now..

    “There is a growing sentiment in certain quarters that Justice Onnoghen’s earned elevation to the rank of Chief Justice of Nigeria is held in abeyance precisely because he is either not from a particular ethnic origin preferred by powerful forces or his profound and at times radical judicial pronouncements make him too principled to occupy this exalted office.

    “The president’s inaction in this instance has acted as a cannon fodder for those alluding to a vast conspiracy to deny Justice Onnoghen his earned position.

    “As political leaders, we should collectively resolve to build a just and fair society devoid of ethnic cleavages; a society where hard work and integrity are rewarded and not repudiated.

    “As leaders, we should work towards the inauguration of a just order in which the East meets the North, South and West and together in confidence, united by a common and shared destiny and mutual respect, we confront the future together.

    “We call on the presidency to act in a decisive manner to reassure Nigerians that we are all equal and that if we are able to harness our God given talents, that we can aspire to the highest position in our nation unencumbered by primordial forces. Justice Samuel Walter Onnoghen is eminently qualified to occupy the position of Chief Justice of Nigeria.

    “He earned it through decades of hard work, profound postulations and untainted integrity. He has been part of a stable reward system in the Judiciary in which order of rank is recognized and hard work rewarded.

    “In his years serving in the temple of justice, he has witnessed men and women who served with honour and distinction elevated to the highest judicial office in our clime.

    “Having worked with distinction in the temple of justice, we believe like majority of our constituents, and Nigerians, that he deserves elevation as Chief Justice of Nigeria. His case cannot be different.

    “We therefore call on the president to act in a clear and decisive manner now by transmitting without further delay, the name of Justice Samuel Walter Onnoghen to the Senate for confirmation as Hon. Chief Justice of Nigeria as recommended by the National Judicial Council.

    “This will bring to an end the swirling speculations of vendetta against the revered justice and restore confidence in our judiciary. Any action contrary to this will convey and validate growing sentiments of vendetta.

    “For the avoidance of doubt, in exercising its constitutional powers in this instance, the National Judicial Council was transparent and followed laid down procedures and processes. By appointing Hon. Justice Samuel Walter Onnoghen as Acting ChiefJustice of Nigeria, the president has foreclosed any insinuation as to incompetence or any disabling factor for him to be made Hon. Chief Justice of Nigeria.

    “Under these circumstances, the continuous delay of the president to forward the name of Hon. Justice Samuel Walter Onnoghen to the Senate for confirmation without any lawful and constitutional cause has brought the issue of the independence of the judiciary and security of tenure of judges to doubt and public discourse.

    “It has opened the floodgate of political and social insinuations and entrenched the perception of ethno-regional prejudice and politicization of the judiciary. This is most unfortunate.

    “On our part, we will continue to work for and desire a united, peaceful and progressive Nigeria in which all men are exposed to equal opportunities, a nation in which all men irrespective of their religion and ethnic origin are equal and given the opportunity to live to the fullest, their God given talents.

    Let all of us in our different capacities make collective resolve to strengthen the foundation upon which this great nation is built. This we believe is our future and pathway to renewal, greatness and prosperity.”

    Apart from Enoh, others who are demanding immediate transmission of Onnoghen’s name to the Senate for confirmation included Senator Rose Okoji Oko, Senator Gershom Bassey, Hon. Essien Ayi, Hon. Bassey Eko Ewah, Hon. Dan Asuquo, Hon. Etta Mbora, Hon. Jarigbe Agom Jarigbe,  Hon. Lego ldagbo, Hon Chris Agibe and Hon. Mike Etaba.

  • Reps urge EFCC to investigate ‘movement’ of N4bn from Keystone Bank

    The House of Representatives on Monday urged the Economic and Financial Crimes Commission (EFCC) to commence investigation into an alleged illegal movement of N4 billion from Industrial Trust Fund’s (ITF) account domiciled in Keystone Bank.

    The Vice Chairman, Public Accounts Committee, House of Representatives, Ibrahim Baba, made the call following a query issued by the Office of the Auditor-General of the Federation, the News Agency of Nigeria (NAN) reports.

    According to the query dated December 2010, a total sum of N4.2 billion was illegally moved three times in November from ITF account to other accounts, all belonging to same agency.

    The OAGF questioned the propriety of moving the money without remitting N23.5 million interest accruing from the transactions to the agency’s account.

    It also sought to ascertain who authorised the transactions and for what purpose.

    Responding to the query, the Director-General and Executive Chai ITF, Mr. Joseph Ari, said the transactions were made without the authorisation of the agency.

    Ari said the bank in its response to the query in May 2012 said the withdrawal from ITF’s remital control account was done in error.

    According to Ari, Keystone’s position was that it was a wrong posting but was later corrected.

    “However within the days the money was moved, ITF wrote Keystone Bank to remit the interest to the account accordingly but the bank didn’t reply.

    “We reported the matter to the Central Bank of Nigeria (CBN) and the CBN advised that parties should sit down and discuss the matter.

    “However, we sat down with keystone officials without finding solution,’’ Ari said.

  • Reps query police over officers’ deaths, missing ammunition

    Reps query police over officers’ deaths, missing ammunition

    The House of Representatives Committee on Public Accounts has expressed dissatisfaction over the non-reportage/ late reportage of deaths of police officers by the police hierarchy.

    The committee, led by Kingsley Chinda, at an investigative hearing, frowned at the non- reportage of arms and ammunitions carted away from police personnel during attacks reportedly caused by religious bigots, bandits, hoodlums and militants.

    The lawmakers were not pleased that the police echelon reported the deaths and missing arms late, thereby delaying the required actions.

    The committee’s hearing followed the report of Auditor General of the Federation (AGF) for the year ended December 31, 2013, which chronicled the police infractions.

    Considering the reports, the committee members discovered that after the police officers were killed, various arms and ammunitions were stolen by the bandits.

    Failure to promptly report the loss of the arms to the appropriate authorities for immediate action was an act of negligence by the police, the committee members said.

    The lawmakers noted that interest shown in the matter in 2013 by the AGF prompted the police to generate reports on some of the occurrences that took place between 2009 and 2012.

    No fewer than 128 police officers lost their lives to activities of criminals in various parts of the country in the last three months as at November 2016, the Inspector-General of Police, Ibrahim Idris, said.

    Assistant Inspector General, Accounts and Budgets Abdul Salami Iyaji, who represented the IGP to defend the allegations in the report, blamed the delay by the police on technical problems.

    “It occurs sometimes that equipment meant to transmit signals could fail us,” he told the lawmakers.

    According to him, an occurrence in 2009 was truly not reported promptly by the police until 2013.

    On the loss of ammunition, he said officers found to be negligent in the handling of arms were usually sanctioned.

    The committee chairman, in his ruling fixed February7, 2017 for continuation of hearings.

  • Reps panel threaten to arrest Emefiele over oil blocs

    The House of Representatives has threatened to issue warrant of arrest on the Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele and the Accountant-General of the Federation (AGF), Mr. Ahmed Idris, over oil licenses.

    The threat is in respect of the sale of Oil Prospecting Licenses (OPLs) and Oil Mining Leases (OMLs) to some international oil companies, the News Agency of Nigeria (NAN) reports.

    The Chairman of the House Adhoc Committee on OPLs/OMLs, Gideon Gwani (PDP-Kaduna), issued the threat while briefing journalists on Friday in Abuja.

    He said the committee’s mandate was to carry out investigation of all the OPLs and OMLs granted by the Federal Government.

    Gwani said the committee, in the course of investigation, discovered that there were many anomalies in the process leading to the award of oil blocs to IOCs by the government.

    The lawmaker said other issues being investigated by the committee include the award of marginal fields and signature bonuses among others.

    Gwani added that no production activity took place in some oil blocs awarded to the IOCs over 30 years ago.