Tag: Senate

  • N30tr revenue scam: Senate to hand over erring firms to EFCC

    N30tr revenue scam: Senate to hand over erring firms to EFCC

    Senate Wednesday said that arrangements have been concluded to hand over companies found culpable in its investigation of alleged N30 trillion revenue scam in the import and export value chain to Economic and Financial Crimes Commission (EFCC) for prosecution.

    Chairman of the Senate Joint Committee on Customs, Excise and Tariff and Marine Transport, Senator Hope Uzodinma, stated this in Abuja while briefing reporters on the activities of his committee.

    Uzodinma noted that companies to be handed over to the EFCC were “those discovered to have  manipulated the foreign exchange procedure and others involved in money laundering, round tripping and  abuse of foreign exchange manual.”

    He said the committee would pass all established evidence against the companies to the EFCC for immediate prosecution.

    Uzodinma said that companies with established cases of infractions of import, export value chain would be referred to the Nigeria Customs Service for blacklisting.

    He said, “We have also established another department for investigation, which is abuse of fiscal policies in the Federal Ministry of Finance.

    “Most of these companies that have applied and received approval as manufacturers of different products, assemblers of various products but import finished goods in the name of CKD will be charged for economic crime.

    “We are going to follow up the prosecution with all evidences available to us.

    “As we are about concluding our investigation on the 60 selected companies being currently investigated, it is very clear that so much collectable revenues are still hanging.

    “These are monies that government would have used to ease governance and provide necessary  infrastructure and amenities to the citizenry.

    “So, this committee will not sit back and allow the economy to crumble.  This is just 60 selected companies. We are visiting over 1000 companies.’’

    Uzodinma noted that the 60 companies in its first phase of investigation, the committee had been able to interact with 50 while 10 of the companies refused to appear.

    He insisted that the committee would ensure that the companies were fished out by the relevant security agencies to face justice.

    On the funds recovered so far, he said a significant amount of money had been returned by some companies.

    He said “Many of those companies have paid partially. I know that with the evidences we have against them we are confident that these companies are now aware that we caught them.

    “We cannot let go of what belongs to government.”

    He added that the committee took time to carry out preliminary investigation because it needed to establish the necessary benchmark.

    He said, “Now that we have all that and the modus operandi has been established we will put it on auto pilot and it will be faster.’’

  • Senate seeks action to fix foreign missions

    THE Senate has decried the poor state of the country’s foreign missions.

    The upper chamber resolved to convoke immediate stakeholders’ meeting to articulate ways and means to fix them, including possible reduction of number of the foreign missions.

    It followed the adoption of a motion by Tijjani Yahaya Kaura on “The urgent need for the Federal Government of Nigeria to fund our foreign missions”.

    The lawmakers took turns to paint a worrisome picture of the missions, including the inability of the embassies to pay home based staff their allowances, local staff salaries, rent for residences, chanceries and other staff official quarters.

    They highlighted the challenge of lack of funds for other rudimentary expenses.

    According to the lawmakers, host countries are threatening to revoke building permits of some properties belonging to Nigerian missions, due to their poor structural conditions.

    Kaura, in his lead debate, said: “Nigerian diplomatic missions are facing several challenges, including their inability to pay home-based officers’ allowances, local staff salaries, rent for residences, chanceries and other staff official quarters, in addition to the dire lack of funds for other sundry expenses such as; visits to Nigerians in jail and provision for other consular services;

    “There are threats by host countries to revoke building permits of some properties abroad belonging to Nigerian Missions, following their poor structural conditions, which constitute hazard to the communities, where such buildings are situated, and lack of routine maintenance that will bring such structures in line with the building codes of host countries.

    “The Ministry of Foreign Affairs budget envelope is grossly inadequate to meet its expenditure requirements even at headquarters and with this situational analysis, the ministry’s approved 2017 budget would hardly provide the needed impetus required of the ministry towards achieving Nigeria’s foreign policy goal and objectives in pursuance of our national interest.”

    The lawmakers unanimously agreed to set up an ad-hoc committee to engage stakeholders, including the Minister of Foreign Affairs, former ministers of Foreign Affairs and former ambassadors and come up with ways to address the issue.

     

  • 2017 budget: FG, Senate clash over capital vote

    2017 budget: FG, Senate clash over capital vote

    The Senate on Tuesday disagreed with the Federal Government over plans to release an insignificant fraction of the N2.177 trillion capital vote in the 2017 budget.

    This followed a revelation by the Minister of Finance, Kemi Adeosun, that the government could only release N440 billion out of the total amount.

    Adeosun, who was joined by the Minister of Budget and National Planning, Senator Udoma Udo Udoma, told the senators during an interactive session that the government lacked adequate funding for the budget.

    The ministers said government intends to release over N100 billion this week, in addition to the N310 billion earlier released in the 2017 budget.

    According to the ministers, it would be extremely difficult for the government to meet obligations in capital budget, pointing out that there was N2.3 trillion deficit in the 2017 capital budget.

    Adeosun said the 2017 budget was projected mainly on external borrowing, adding that making further capital releases would depend on how fast the government could push the borrowing process.

    She informed the lawmakers that domestic borrowing would not be enough to fund the gaps in the budget, stressing that the cost of domestic borrowing was getting too high.

    She said borrowing from foreign sources was far cheaper than domestic borrowing.

    She said even if the funds were to be available, government cannot release the entire N2.177 trillion capital vote within the three months left in the year.

    Consequently, the ministers said about 60 percent of the 2017 capital budget would be rolled over to the 2018 budget, just as that of 2016 was similarly rolled over till May this year.

    Worried by the huge gap in the capital budget and the actual amount to be released, the senators warned that the trend could cause serious injury to the economy.

    The senators drew a parallel between Nigeria and Brazil in the handling of economic recession in the two countries.

    The Brazilian economy had suffered recession for eight consecutive quarters but came out of it with 2.46 inflation rate and 10 percent misery rate.

    The lawmakers had challenged the two ministers to explain why the Nigerian economy, which suffered recession for five consecutive quarters would come out with 16.5 percent inflation rate and over 50 percent misery rate.

     

  • Senate urges FG to Nigeria’s fix foreign missions

    Senate urges FG to Nigeria’s fix foreign missions

    The Senate on Tuesday decried the poor state of the country’s foreign missions.

    The upper chamber resolved to convene a stakeholders’ meeting to articulate ways to fix the foreign missions including possible reduction of the missions.

    The resolution followed the adoption of a motion by Tijjani Yahaya Kaura on “The urgent need for the Federal Government to fund our foreign missions.”

    The lawmakers painted a worrisome picture of the missions including the inability of the embassies to pay staff allowances, salaries, rent for residences, chanceries and other staff official quarters.

    They also highlighted the challenges of posed by paucity of funds for other rudimentary expenses.

    Kaura said: “Nigerian diplomatic missions are facing several challenges, including their inability to pay home based officers allowances, local staff salaries, rent for residences, chanceries and other staff official quarters, in addition to the dire lack of funds for other sundry expenses such as visits to Nigerians in jail and provision for other consular services.

    “There are threats by host countries to revoke building permits of some properties abroad belonging to Nigerian Missions following their poor structural conditions, which constitute hazard to the communities where such buildings are situated, and lack of routine maintenance that will bring such structures in line with the building codes of host countries.

    “The Ministry of Foreign Affairs  budget envelope is grossly inadequate to meet its expenditure requirements even at headquarters and with this situational analysis, the ministry’s approved 2017 budget would hardly provide the needed impetus required of the ministry towards achieving Nigeria’s foreign policy goal and objectives in pursuance of our national interest.”

  • Senate working to attract foreign investors-Yusuf

    Senate working to attract foreign investors-Yusuf

    The Vice-Chairman Senate Committee on Science and Technology, Sen. Yusuf Yusuf, has said that the Senate was working on legislations aimed at attracting more foreign investors to Nigeria.

    Yusuf said this when he addressed journalists in Abuja on Sunday, shortly after the Slovak’s 24th National Day celebration.

    He said the Senate was also working on laws to ensure ease of doing business in the country.

    According to him, the move, collaboration with efforts by the executive, will attract more investors and boost economic development of the country.

    ”The Senate has been working on ease of doing business in Nigeria and all areas that can break the challenges investors, both local and international, have in doing business in Nigeria.

    ”We are trying to share our experiences with countries that have gone through some trying moments,’’ he said.

    On the relationship between Nigeria and Slovak Republic, Yusuf said improving the relationship between the two countries would boost economic development, particularly for Nigeria.

    He noted that Slovak Republic was doing very well in Europe by improving on its economic horizon and doing some contracts for Nigeria.

    The vice-chairman said investors from Slovak were looking into the possibility of putting their money in Nigeria.

    ”I look forward to having what we call Nigeria, Slovak Chamber of Commerce and Industry, to boost the relationship.

    ”Nigeria can benefit from this relationship in terms of medicine, defence, water resources, power and other areas.”

    Yusuf said having improved relationship with Slovak Republic, transforming from centrally plan economy to a market-driven one, would boost trade and foster peace, economic, social, technical and educational opportunities between the two countries.

    “Recently, a strong relationship was formed with the Chinese Government on the Mambilla Hydro Power Project worth about six billion dollars.

    The Slovak Ambassador to Nigeria, Mr Peter Holasek, expressed his country’s readiness to partner with Nigeria in terms of foreign investment.

    According to him, the country is willing to enter into more bilateral agreements with Nigeria, particularly in energy and agricultural development.

    ”It is my mission to improve the relationship between Nigeria and Slovak Republic.

    ”I know we are a very small country but we are very experienced using high technology, especially in the energy and agriculture sector.

    ”We are ready to work with Nigeria in these areas,” Holasek said.

  • 2017 Budget: Senate summons Adeosun, Udoma

    2017 Budget: Senate summons Adeosun, Udoma

    The Senate has asked the Minister of Finance, Mrs Kemi Adeosun and  Minister of Budget and National Planning, Senator Udoma Udo Udoma to appear before its Joint Committee on Finance and Appropriation on Tuesday, Oct. 3.

    The Senate, which had on September 26, asked the ministers to appear before it in plenary to brief it on the level of implementation of the 2017 Budget, changed its decision on Thursday.

    The decision followed a point of order raised by the Leader of the Senate, Senator Ahmed Lawan.

    The lawmakers adopted the new position following a voice vote.

    Lawan in his point-of-order appealed to his colleagues to allow the committees interface with the minister for a more robust discussion.

    According to him, some of his colleagues advised that there would be more room for the ministers to discuss the state of the economy at the committee level.

    In his remarks, Senate President Bukola Saraki urged the Clerk of the National Assembly to communicate the position of the Senate to the ministers.

    The upper chamber had summoned Adeosun and Udoma to appear before it to offer explanations on the state of the economy.

    The invitation followed a report that the country had come out of recession, and also the level of implementation of 2017 budget.

  • Rivers APC senator sworn in

    A new senator representing Rivers East Senatorial District, Chief Andrew Igbonule Uchendu, was inaugurated on Wednesday.

    A former member of the House of Representatives, Uchendu was inaugurated to take over from Senator George Thompson Sekibo.

    The Deputy Senate President, Ike Ekweremadu, who presided over the plenary inaugurated Uchendu.

    Senator Sekibo was sacked by the Court of Appeal two months ago.

    With the inauguration of Uchendu, Rivers State now has two All Progressives Congress (APC) senators against one Peoples Democratic Party (PDP) senator.

  • Nigeria unity not negotiable, says Senate

    Nigeria unity not negotiable, says Senate

    SENATORS spoke yesterday about Nigeria’s unity. It is not negotiable, they said.

    The upper chamber also asked agitators to make their case within constitutional means.

    It said that all possible measures would be explored to restore peace to all parts of the country.

    This is part of the resolutions of the lawmakers after a lengthy closed session.

    The Senate resumed plenary yesterday after a two-month recess and dissolved into executive session to address national issues.

    Sources said the Senate deliberated on burning national issues, including the agitation for restructuring, the economy and the Indigenous People of Biafra (IPOB), its proscription by Southeast governors and classification as a terrorist organisation by the Federal Government.

    Senate President Bukola Saraki, who announced the resolutions, said: “the Senate resolved that Nigeria’s unity is not negotiable and we are all committed to the territorial integrity of our country.

    “The Senate will use all possible measures to make sure that peace is restored to all parts of Nigeria.

    “The Senate hereby advises that all groups who seem to be pursuing any agitation should do so within constitutional means.”

    Senate Committee Chairman  on Media and Public Affairs Aliyu Sabi Abdullahi,speaking on the proscription and classification of IPOB as a terrorist organisation, as long as the Attorney General and Minister of Justice and President Muhammadu Buhari followed due process, the Senate agreed with them

    He said the Senate never opposed what the Federal Government did “but we insisted on due process and following the constitutional means.”

    A source at the closed session said Southeast senators briefed their colleagues on the activities of IPOB and some actions taken in the zone.

    Senators, the source said, condemned violence in any part of the country.

    Northern senators were said to have asked their Southeast colleagues to take the massage home that established channel of agitation as stipulated in the constitution should always be followed to address perceived grievances.

    Other issue said to have been discussed at the session was  the “poor implementation of the 2017 budget.”

    The source said: “Many of us wanted to know how far the country had gone with the implementation of the 2017 budget. Many expressed displeasure over the implementation of the budget especially the report that contractors are not getting money.

    “Some wanted to know whether the country is actually out of recession.

     

  • Adeosun, Udoma to face senate over 2017 budget implementation

    Adeosun, Udoma to face senate over 2017 budget implementation

    • As Saraki urges senators to stand for Nigeria’s unity

    Finance Minister, Mrs. Kemi Adeosun and her Budget and National Planning counterpart, Senator Udoma Udo Udoma have been invited to brief the Senate on the implementation of the 2017 budget.

    Senate President, Abubakar Bukola Saraki disclosed this Tuesday in his welcome address to senators.

    The upper chamber resumed plenary Tuesday after about two months recess.

    Saraki said that the invitation of the two ministers became necessary in order for senators to be abreast with the level of implementation of the 2017 budget.

    The Senate President also asked senators to always stand for the unity and indivisibility of the country as well as condemn in the strongest term all forms of violence.

    Saraki said: “By the first week of October, we expect to begin the review of the implementation of the 2017 budget. To set the stage for this, we expect to invite the Ministers of Finance and Budget Planning to come and brief the Senate on implementation so far. Nigerians want to see a more significant improvement in the level of implementation of the budget this financial year. Let me therefore use this opportunity to call on all our standing committees to begin the process of putting together their oversight plan for a close and proper review of the performance of the 2017 Budget. In the same token, we must remind ourselves of the initiative we started and for which we have significant stride – that is, the Made in Nigeria initiative. It is time to enter the next stage of this initiative; the oversight of implementation to ensure that the policy yields expected gains.

    I will like therefore to see the committees demonstrate proactivity and readiness to engage government to ensure that at least a significant portion of our annual budget is fully dedicated to local procurement. All committees of the Senate must be involved in this and find better channels to engage our people and enable feedbacks. However, for these efforts to be successful it is required that we maintain peace and political stability. Hence the need for all of us to fight to keep Nigeria united and prosperous. 

    “Distinguished colleagues, a house divided against itself will not stand. More than ever before, we need to stand for the unity and indivisibility of our country. We must condemn in the strongest possible terms all forms of violence as a form of engagement. The Constitution and laws have laid down tools and procedures for us to push through our interest as all democratic nations do. Our nation is blessed with exceptionally talented and beautiful people, we are collectively strong and indomitable and it is time for all of us to stand up for our nation. Our dream of a virile nation must keep us motivated and this dream is already at the horizon.”

    The Senate President noted that they have in the last two sessions of their term devoted enormous time, working hard on critical legislation, some with historical essence and others with relatively high-level implications for enhancing the welfare of Nigerians and putting food on their tables.

    He expressed happiness that some of the bills which has since become law have already started yielding expected gains.

    “This is especially so with the Secure Transactions in Movable Assets Act, with increased lending to private sector. We expect more to come. Our ultimate aim will be, inclusive growth, full employment for our people and frameworks that enable our young people to run viable startups,” he said.

    Saraki continued: “Distinguished colleagues, as a firm believer that economic security is first and most important security we can offer our people, it is the apparent inadequacy of this security that is at the heart of the general disaffection of our people towards government. We have done this with the belief that with less hunger on the street; with more of our people gainfully engaged; insecurity will be significantly reduced and our economy revamped. In this period, I expect us to conclude work on the National Transport Commission Bill, and the National Road Funds Bill, the Petroleum Industry Fiscal and Host Community Bill which are pending. It is my hope that we shall conclude work quickly on the Bank lending rate reduction initiative and the National Payment Systems Bill.

    “As we continue to take action to strengthen our economy, let me use this opportunity to congratulate all Nigerians for working together to get us out of recession. While we congratulate ourselves for exiting the recession, it is important that we don’t rest on our oars as this is not an end in itself. There is a lot of work ahead. Our aim is to see our economy create millions of new jobs and see growth rates of 7% or more. This is why the implementation of the 2017 budget is crucial.

    “Distinguished colleagues, as leaders, closest to our people, we must rededicate ourselves to the values we have institutionalized in this chamber. In this chamber, we are first and foremost, Nigerians. Yes, we are Igbos, Yorubas, Hausas, Fulanis. Yes, we are Muslims, Christians and traditional worshipers. But we must in all our conversations and decisions continue to be first and foremost Nigerians and as Nigerian citizens be our brothers’ keepers. Too many of our youths, too many of our families from the South to the North need a lifting. Our job is to help government give them a hand and ones again make them feel great again being Nigerians. This is our mission.

    “As we work to even make our Constitution better, it must be remembered that Constitution review is a continuous process which we must undertake with the vision of the future in our minds. The process we have already will continue in earnest with the meeting of the speakers of the various state Houses of Assembly and the National Assembly with a view to moving forward with the process. As promised, we will revisit and consider areas of the Constitution we believe will further strengthen our federation and enable our collective dream for a more prosperous Nigeria.

     “In the fight against corruption, aside the bills we have passed, it is important that we also sharpen up our oversight tools to ensure that government remains accountable always. However, I urge us all to more than ever, operate above board ourselves. In the last two years, we have successfully exposed numerous cases of corruption in our agencies and officers of government and as a result saved government enormous amount of public resources. This is what Nigerian people expect of us and we must continue to deliver on this. We must not make the mistake of resting on our oars. I say this to encourage you to keep up with the good works of exposing corruption as you have been doing so far. Yes, like Senator Isah Hamma Misau who had the courage to expose deep rooted institutional corruption, you will be attacked, blackmailed and insulted but, unlike any former Senate before this, we will not bow or be intimidated.

     “Distinguished colleagues, our focus on interventions critical to our national development will continue in this session. We will be interacting with stakeholders with the aim of repositioning our education sector and the health sector especially with the health insurance subsector as key primers of the economy. The major direction will be to expand access to basic education and health, incentivize investment in these critical sectors and find lasting solutions to issues of strikes and interruption in these sectors.

     “Dear colleagues, we are all witness to the revolutionary growth of innovative works and remarkable fits Nigerians both in the entertainment industry and software development are making across the globe. However, their ability to fully harness and reap the fruits of their effort continues to be hampered by our intellectual property regime which is yet to be reformed to meet with today’s digital realities and opportunities. We are determined to contribute our quota to make their lives easier and better by initiating and paying close attention to our intellectual property (IP) rights frameworks.

     “Distinguished colleagues, a lot has happened in our nation within the last few weeks especially with the floods. Let me take a moment to commiserate with all Nigerians who may have been affected by the recent floods. Our hearts and prayers are with you at this period.

    “On a salutary note, I am happy to report to you distinguished colleagues that while we were away, we also took note of some of the strides Nigerians have been making. We congratulate our women on the wining of the African Basket Ball Championship. We also congratulate our Super Eagles on their journey so far for the world cup qualifiers and we will continue to support and encourage them.

    “Before, I conclude this speech, let me on another winning note and on your behalf welcome Mr. President who has acknowledged his return to office through an executive communication earlier within the period of our vacation back to the saddle. We pray that the almighty Allah will continue to grant him full restoration.”

  • Nigeria’s unity not negotiable – Senate

    Nigeria’s unity not negotiable – Senate

    The Senate on Tuesday declared that the unity of the country is not negotiable.

    The upper chamber also asked groups with reasons agitation to do so within constitutional means.

    It said all possible measures would be explored to ensure that peace is restored to all parts of the country.

    This was part of the resolutions of the lawmakers after a lengthy closed session.

    The Senate resumed plenary on Tuesday after two months recess and dissolved into executive session to address national issues.

    Insiders said the closed session was an opportunity for the Senate to deliberate on burning national issues including the agitation for restructuring of the country, the economy and the activities of the Indigenous People of Biafra (IPOB), its proscription by South East governors and classification as a terrorist organization by the Federal Government.

    Senate President, Bukola Saraki, who announced the resolutions, said: “the Senate resolved that Nigeria’s unity is not negotiable and we are all committed to the territorial integrity of our country.”

    “The Senate will use all possible measures to make sure that peace is restored to all parts of Nigeria.

    “The Senate hereby advised that all groups who seem to be pursuing any agitation should do so within constitutional means.”

    The Chairman of Senate Committee on Media and Public Affairs, Senator Aliyu Sabi Abdullahi, underscored what Saraki said.

    Although not specifically mentioned, the resolution appeared to have been informed by the activities of IPOB and other groups who are agitating against alleged marginalization in the country.

    Abdullahi noted that at the closed session they unanimously agreed to defend, protect and respect the country’s constitution.

    On the proscription and classification of IPOB as a terrorist organization, Abdullahi said  as long as the Attorney General of the Federation and Minister of Justice and President Muhammadu Buhari followed due process, the Senate agreed with them on the matter.