Tag: Senate

  • Senate endorses Jonathan’s $300m Diaspora bond request

    Senate endorses Jonathan’s $300m Diaspora bond request

    The Senate Tuesday gave President Goodluck Jonathan the nod to raised $300 million Diaspora Bond from the International Capital Market.

    The approval came over one year after President Jonathan sought the approval of the Senate to raise the fund.

    The presidency increased the bond request from initial $100 million to $300 million.

    Chairman, Senate Committee on Local and Foreign Debts, Senator Ehigie Uzamere, presented the report of the joint Committee on Local and Foreign Debt and Finance which recommended that the Senate should approve the request.

    The joint Committee was mandated by the Senate to consider the request for the increase in the amount from $100 million to a maximum of $300 million to be raised through the Diaspora Bond from the International Capital Market.

    Uzamere said that the Senate at its sitting on 4th February, 2014 considered Executive Communication from Mr. President for an increase in the amount to be raised through the Diaspora Bon from the International Capital Market and referred same to the joint committee.

    He noted that the proposed increase in the Diaspora Bond is to fund critical infrastructure in the country.

    He added that the proposed increase is believed will accommodate a greater number of Nigerians in the Diaspora who have interest to invest in the development of the country.

    Uzamere informed the Senate that the provisions of Sections 41, 42, 44, and 47 of the Fiscal Responsibility Act, 2007 prescribed conditions for borrowing and verification of compliance limit upon which approval of the National Assembly will be premised.

    He noted that based on the submissions by the Director General, Debt Management Office and several interactions the joint committee had, the committee observed as follows:

    That the $100million Diaspora Bond as passed in the Borrowing Plan 2012-2014 is too small considering the life of Nigerian Diaspora.

    That the larger and present amount of $300 million is consistent with the Public Debt Management Strategy.

    That with the dwindling revenue from crude oil sale, it has become necessary to diversify sources of funding for government.
    That the Diaspora Bond is necessary to create more space in the domestic market for other borrowers particularly, private firms.

    That the Federal Government plans to utilize the proceeds of the Diaspora Bond in the construction of key capital projects in priority sectors of the economy including the second Niger bridge, the Lagos-Ibadan expressway and infrastructure for the Abuja Medical City.

    The joint committee concluded that the concept of raising funds through Diaspora Bond has been employed by several countries over the years with tremendous success.

    The issuance of Diaspora Bond, the committee said, will afford the Diasporan the opportunity to invest in the development of the country while earning good returns for their investment.

    The committee also said that it believes that the projects the Federal Government has chosen to utilize the funds are critical infrastructure that will impact on the economy positively.

    When the Senate President, David Mark, put the question whether the Senate will approve the request, the endorsement of the request was overwhelming.

    Mark commended the joint committee for a job well done.

  • Senate revisits Oceanic Bank’s  liquidation

    Senate revisits Oceanic Bank’s liquidation

    The Senate yesterday opened an investigation into the alleged shady deals in the management of the assets of liquidated Oceanic Bank Plc.

    The probe by the Senate Committee on Drugs, Narcotics, Financial Crimes and Anti-Corruption followed a petition, which alleged unwholesome dealings in the management of forfeited assets of the lender.

    Chairman of the Committee, Senator Victor Lar, shielded the identities of the petitioners from the press apparently for security reasons.

    The petitioners alleged that the Asset Management Corporation of Nigeria (AMCON) sold some of the forfeited properties of Oceanic Bank without due process.

    The petitioners specifically claimed that some of the forfeited properties were sold by AMCON without advertising them.

    They also claimed that some of the forfeited properties cannot be traced while an aircraft and United Kingdom properties allegedly owned by Mrs. Cecilia Ibru were not listed.

    The petitioners claimed that Mrs. Ibru had converted some of the forfeited properties back to her own through the back door.

    The petitioners claimed that while Mrs. Ibru was successfully prosecuted and plea bargain was reached to forfeit some assets, the handling of the plea bargain was full of anomalies.

    They claimed that the handover of assets and shares by Mrs. Ibru to AMCON and transfer of the shareholders to ECO bank never took place.

    The petitioners claimed that due to poor administration of recovery and implementation of the plea bargain note, Mrs. Ibru still controls most of the assets and shares recovered under the plea bargain.

    They claimed that Mrs. Ibru converted Oceanic Bank details with assets and cash of over 15 million pounds for her personal use.

    They also claimed that the former chief executive officer of the lender changed the name Oceanic Bank in UK to Premier European Capital transferring all Oceanic Bank’s assets and cash to the new company without the knowledge of the previous shareholders and directors of Oceanic Bank.

    Other allegations included that Mrs. Ibru opened a Trust Fund and converted properties recovered from Cecilia Ibru to the Trust Fund.

    They listed the number of properties owned by the liquidated bank to include-United States (US) properties numbering about 11, Nigeria 51, Dubai-four, South Africa, one property.

    Mr. Ibrahim Audu of the Economic and Financial Crimes Commission (EFCC),  who was the first to speak at the hearing, noted that Mrs. Ibru’s investigation was conclusively done and that there was a plea bargain between the Federal Government and Mrs. Ibru.

    He said there was a court order which directed AMCON to manage all the confiscated properties, adding that all properties recovered from Mrs. Ibru had been handed over to AMCON according to the court order.

    Acting Managing Director, AMCON, Mrs. Foluke Dosunmu, in her testimony said that EFCC did not recover any property from Mrs. Ibru.

    She said all the properties were forfeited which made their ownership to be transferred to AMCON.

    Dosunmu said: “The assets of Cecilia Ibru were forfeited to AMCON; the interest in those assets were vested and ownership were passed to AMCON.

    “N150billion was the first set of funds in respect to non-performing loans paid back to Oceanic Bank with consideration to the underlying collateral.

    “Second set of payment to Oceanic Bank was N336billion of depositors’ funds that had been eroded.

    “The primary motive of AMCON was that no depositor will lose funds.”

    The AMCON boss recalled that on September 5, 2010 Mrs. Ibru entered into a plea bargain with the Attorney-General of the Federation for the value of certain specified properties and funds illegally acquired.

    She said an order forfeiting the properties of Mrs.Ibru was made by an FCT High Court.

    She said AMCON was no party to the plea bargain between Mrs. Ibru and the Attorney- General of the Federation.

    She said AMCON paid Oceanic Bank N83 billion for assets listed in schedule four.

    Dosunmu noted that only N67 billion was received from Oceanic Bank in assets by AMCON wile N15.7 billion was lost.

    She said after parting with all the funds, AMCON assumed full ownership of the properties and does not owe Oceanic Bank anything.

  • Obanikoro: Senate didn’t play by the rules, say lawyers

    Obanikoro: Senate didn’t play by the rules, say lawyers

    The Senate has confirmed Senator Musiliu Obanikoro as a minister, despite protests by senators from his  state and others, who insisted that things must be done right. Lawyers argue that it was morally wrong for the David Mark-led Senate to have cleared Obanikoro without insisting that he should clear himself of  allegations against him, especially his role in the alleged rigging of the last June 21 Ekiti State governorship election. Moreover, the matter is in court and it is the Senate’s tradition not to touch issues that are sub judice. Lawyers say the Senate did not play by its rules in confirming Obanikoro, reports ERIC IKHILAE.

    In spite of huge protests last Wednesday, the Senate confirmed Senator Musiliu Obanikoro as minister. Arguably for the first time in the Senate’s history, opposition senators staged a walk-out to show their objection.

    The three senators representing the nominee’s state rejected him. They are Senators Ganiyu Solomon, Gbenga Ashafa and Oluremi Tinubu .

    A record of eight points of order were raised by members in opposition to Obanikoro’s confirmation.

    Despite the strident opposition, Senate President David Mark moved the Red Chamber to confirm Obanikoro  regardless of the issues raised concerning his credentials, allegations of abuse of office during his last tour of duty, the pendency of court cases challenging his suitability for public office and the need to consider the implication of his confirmation on the conscience of the society.

    Ordinarily, Obanikoro comes with a rich profile. He was  a one-time chairman of Lagos Island Local Government (remember the fire at City Hall that time), former commissioner for Home Affairs in Lagos State (remember the incident at Hajj when he was Lagos State Amirul Hajj), a former distinguished Senator of the Federal Republic, former High Commissioner to Ghana and, until recently, the  Minister of State for Defence.

    Despite his political background, however, Obanikoro’s personality has over the years attracted negative attributes. He has, of recent, been mostly associated with conduct antithetical to his profile.

    houseLeaders of his home chapter of the Peoples Democratic Party (PDP), such as Chief Olabode George and Adeseye Ogunlewe, have, in most instances, described him in uncharitable terms. His party also portrayed him in a similar light when reacting to a suit he filed against it after losing the governorship primary last December.

    Obanikoro, in the suit marked: FHC/ABJ/994/2014, accused the party and its leaders of manipulating the primary against him. He accused  George and Jimi Agbaje (who won the primary) of engaging in criminal conduct.

    But, in its response, the party accused Obanikoro of working against its interest and plotting to frustrate it from fielding a candidate for the governorship election in Lagos. The party said Obanikoro stormed the venue of the primary in Lagos “in a black jeep with other security vehicles and 30 heavily armed mobile policemen”.

    Before his party accused him of working against its interest, the Lagos State Governor, Babatunde Fashola, was at a point forced to note Obanikoro’s seeming predilection for misapplying state powers, accusing him  of bringing soldiers to physically stop ongoing public housing projects. This was during his first coming as the Minister of State for Defence.

    In Ilaje Ese-Odo, Ondo State, he was also accused of bringing soldiers to intimidate opponents of his party during a by-election to fill a vacant House of Assembly seat. His alleged love for abuse of powers got to a ridiculous height with what has now been known as Ekitigate, in which a military personnel recorded voices of Obanikoro, Minister of Police Affiars, Jelli Adesiyan, a PDP governorship aspirant in Osun State, Iyiola Omisore and Ayo Fayose (who was PDP’s candidate), at a meeting where they allegedly plotted to use the military to rig the last Ekiti State governorship election

    While Adesiyan, Omisore and Fayose had reportedly admitted attending the meeting, but denied that they plotted to rig the election, Obanikoro has continued to deny that he was at the meeting where the recording took place.

    Aside the various allegations of his involvement in election manipulation, some cases are currently pending against him in some courts, challenging his eligibility to hold public office or stand for election in view of the many questions and contradictions about his person.

    One of such suits pending before a Lagos High Court, Ikeja was filed by three PDP members. The plaintiffs – Michael Babatunde Ogun, Suleiman Olayinka Saheed and Wasiu Adeniyi Odusan accused Obanikoro of falsifying his age.

    They also accused him of voluntarily acquiring the citizenship of the United States (US) without renouncing his allegiance to Nigeria, the country of his birth.

    Ogun, in a supporting affidavit said: “Obanikoro deliberately declared falsely in his answer to Question 9 Part B of the aforementioned affidavit when asked whether he had changed his nationality in the past and if so, what the nationality was, by answering ‘that is not applicable,’ when he knew that he had in actual fact acquired the citizenship of the U S as contained in his American Passport No.025317195 issued on June 16, 1995.

    “Also, Obanikoro deliberately falsified his date of birth and age as the 28th of July 1954 and 52 years respectively notwithstanding the fact that Obanikoro knew that his official Nigerian passport and his diplomatic passport No.F0004473 and D0002471 respectively showed contrarily that his actual date of birth is the 28th of July 1960.

    “His American passport and application for admission to the Texas Southern University, Houston Texas including extracts from Obanikoro’s marriage records to Jewel M. Weller in the Harris County 1982 Marriage Records support the assertion that Obanikoro’s actual date of birth is 28th July 1960 as opposed to false declaration of 28th July 1954,” Ogun said.

    There is also the question about his actual surname, whether it is Obanikoro or Onikoro. The suit being prosecuted for the plaintiffs a Lagos-based lawyer, Wahab Shittu, has been fixed for tomorrow for judgment by Justice Kazeem Alogba.

    Obanikoro bears the heavy baggage of unresolved allegations of abuse of powers and pending cases, which query his eligibility to stand for election or be appointed to public office. These formed the basis of the objection by opposition senators, but the Upper Chamber confirmed him without caring about how the people felt.

    Many argued that the Senate’s confirmation of Obanikoro and the role played by the Senate President, again, called to question his leadership credentials, bearing in mind his antecedents.

    They queried the double standard played by Mark in the whole episode, wondering why the Senate President, who once told Senator Olubunmi Adetunmbi (Ekiti North), to drop a motion seeking the Senate to look into the role Obanikoro played in the Ekiti election on the ground that the matter was in court, chose to close his ears to the information that issues concerning Obanikoro’s suitability for appointment into public office formed the subject of a pending suit in court.

    Observers wonder whether the Senate President was not aware that court processes were legitimately served through media publications, when he argued to the effect that the Senate would not rely on media reports about the pendency of the suit before the Lagos High Court in deciding whether or not to confirm Obanikoro.

    They faulted the Senate leadership’s reliance on its funny practice that a former member of the legislative chamber must not be subjected to questioning before confirmation. They queried President Jonathan’s motive in insisting that Obanikoro, despite the allegations and court cases against him, must be made a minister.

    They also wonder whether his nomination and clearance by the Senate were intended to enable him re-enact what has now become the Ekitigate or meant as a compensation for him to back down on his alleged plot to scuttle the party’s chances in Lagos and, possibly, the Southwest.

    Lawyers, including Mahmud Magaji (SAN), Dr Ambrose Owuru, Wahab Shittu and Festus Keyamo argued that the confirmation of  Obanikoro by the Senate was not only a denigration of whatever the country stands for, it also offended the dignity of the people. They queried the haste in the Senate’s decision when the many queries about his conduct during his first coming were yet to be resolved.

    Magaji noted that it is the requirement under the Constitution that people to be appointed as ministers should be those with unimpeachable character. “And that at the verge of confirmation, the Senate President will pronounce that you have indeed, been found to be fit and proper to be appointed as a minister of the Federal Republic of Nigeria.

    “If that is the position, it means the conduct of the Senate, in clearing Obaikoro, has completely eroded the trust of Nigerians on the Senate to protect the provisions of the Constitution. And, of what benefit will it be if the international community sees us as a bunch of people led by people with questionable character.

    “This is the impression we create when we appoint people with questionable character as ministers of the Federal Republic of Nigeria. I think this will not only affect us at home, it is capable of eroding the trust and confidence that other nations have for us. It is sad,” Magaji said.

    Owuru contended that the Senate did not act well. He noted that since its members represent Nigeria, they ought to consider their action on the image of the country.

    Owuru, who is also the presidential candidate of Hope Democratic Party, argued that a responsible senate would have deferred the matter and seek to protect the nation’s image because Nigerians are already perceived as “people of anything goes; a corrupt people.

    “So, when a man is under some measure of investigation, and wants to be a minister of the Federal Republic of Nigeria, and is accused of having abused his position in previous outing, there is the need to be cautious. I do not see the need to hurry to confirm such a ministerial nomination at this time. And we are close to elections, unless they have ulterior motive. If not, it is not something that is proper to do.

    “This is sending a wrong signal out there, because they represent Nigeria and don’t forget that the world is following developments here. What if, during the next election, this fellow is found involved in any unwholesome practice, would it not attract negative reaction? This is why we must be careful. It should not all be about winning election. It should be about how we run the country for the good of all,” Owuru said.

    Shittu said although it will be wrong for him to comment on the issue, being the plaintiffs’ lawyer in the case before the Lagos High Court, the Senate ought to have waited for the outcome of the case before confirming Obanikoro.  He said the case has been adjourned till tomorrow for judgment.

    Keyamo contended that “for anything at all, they (members of the Senate) should have waited for the allegations against Obanikoro to be fully investigated before considering his nomination. That they confirmed him is a shame.”

     

     

  • Senate seat: Akpabio walks tight rope

    Senate seat: Akpabio walks tight rope

    I had argued that in Nigeria, governors can change man to woman while a President can change man to a hermaphrodite and vice versa. This perhaps explains why governors who are supposed to be suzerains of democratic ethos, rule with impunity; many of them in a brazen manner, desecrate their political parties’ constitutions, turn their zoning formulae upside-down. This arbitrariness has forced some political analysts to dub governors as the greatest threat to democracy in Nigeria!

    The Akwa-Ibom State governor, Obong Godswill Akpabio, is reputed for absolute use of power. So when the Peoples Democratic Party (PDP) apparatchik in 2011, zoned the 2015 Ikot – Ekpene Senatorial seat to Abak Division on account that even though the division is the most populous and can on its own, produce a senator without the votes of the other axis, only Senator Itak Bob Ekarika had occupied the position for a single term from the Abak axis since the return of civil rule in 1999.

    Ikot Ekpene Senatorial District is made up of 10 local governments, out of which Abak Division has five large local governments embedded in two federal constituencies: Abak, Etim Ekpo, Ika and Ukanafun and Oruk Anam federal constituencies. While Ikot Ekpene, Obot Akara, Essien Udim local governments make up a federal constituency and Ikono and Ini local governments which are predominantly Ibibio form a distinct federal constituency with the senatorial district.

    In 2011, while campaigning for the re-election of Chief Aloysius Etok, the incumbent senator, representing Ikot Ekpene Senatorial Zone, Governor Akpabio urged the people of Abak Division to vote en-mass for Senator Etok so that in 2015, it would be their turn to produce Etok’s successor! Indeed Etok was the first senator from the senatorial zone ever to have been re-elected.

    But Akpabio who is the chairman of PDP Governors’ Forum ate his words. The governor used his power of incumbency to thwart the zoning arrangement, took it to his local government, Essien Udim and brashly cornered the ticket for himself. The governor cleverly ceded a Greek gift to the Abak Five by zoning the position of deputy governor to them. Elder Moses Ekpo was the favoured one.

    Akpabio had thought that zoning the position of deputy governor to the Abak Five would appease them and make him stage a cake walk to the red chamber but the Abak people are bent on stopping the governor.

    Why? If Governor Akpabio wins the election, he would insist on doing a minimum of eight years, the implication will be that out of 24 years of unbroken civilian transition, the Abak Five, in spite of their numerical strength would have had just four years, making them a silent majority in a country where the majority groups hardly give the minority groups breathing space!

    Curiously, Ikot-Ekpene axis with just three local governments and next to Abak in population, would have taken 12 years because Senator Ibok Essien from Ekot-Ekpene, Essien Udim, Obot Akara Federal Constituency had been Senator between 1999 and 2007.

    Regrettably, the elites from the Abak axis also complain that successive governments have marginalized the Abak Five in appointments and government presence. The thinking is that only a senatorial position and not deputy governorship seat which they describe as ”spare tyre” can assuage their feeling for now.  .

    Consequently, all attempts by Elder Ekpo, running mate to the PDP governorship standard bearer, Udom Gabriel Emmanuel, to make his Abak kinsmen concede the senatorial seat to the flamboyant Akpabio hit the rocks at press time.

    The take away from my interactions with the elites and artisans of Abak Five stock is that if it is able to produce a senator, he/she could be the rallying point and an instrument to draw the Federal Government attention to what they call the Abak woes!

    It was against this background that youth and women groups, academics, civil society groups, faith-based organisations and power brokers of the Abak Division, cutting across the major political parties, persuaded one of their own, Obong  Inibehe Okori, a political war horse and astute international banker, to dump the PDP and throw his hat into the ring through the All Progressives Congress (APC). Chief Okori hails from Etim Ekpo Local Government in the Abak, Etim Ekpo, Ika Federal Constituency which interestingly, has never produced a senator.

    The APC candidate has solid cross party appeal and brings to the table, experience and terrific connection having been a two-time governorship aspirant in the state with strong ties with foreign leaders like President Barrack Obama, President Jacob Zuma and of course, President Goodluck Jonathan.

    In his recent town hall meeting, Chief Okori said if elected, he would provide purposeful leadership to his senatorial zone; consult regularly with the elites, ordinary people and party leadership, sponsor critical bills, make laws for good governance, deepen democracy, contribute to the development of the zone by attracting federal projects to his senatorial zone through lobbying, carry out proper oversight function of the executive arm of government to ensure that his people are not left out in the scheme of things, cater for the welfare of women, especially widows, youths, especially children, orphans and students, elders and the physically challenged, sacrifice his personal comfort for his people and of course, turn the Ikot  Ekpene Senatorial District into the centre of gravity of Akwa-Ibom politics!

    Indeed, Chief Okori’s entry into the race has changed the political equation. The PDP for the first time is beginning to tremble in the zone.

    This is because Okori will go into the race with the bloc support of the five local governments of the Abak Division in Ikot Ekpene Senatorial District in the March 28th polls.

    Though Akpabio has not given up on his ambition, he is banking on his cozy relationship with President Goodluck Jonathan, his deep wallet, power of incumbency and of course, his uncommon transformation mantra!

    It will be recalled that Chief Donald Etiebet from Ukanafun/Oruk Anam Federal Constituency represented the Senatorial District between 1979 to 1983, Senator Nsima Akpabio from Ikot Ekpene/Obot Akara/Essien Udim Federal Constituency was there in 1983, Senator Akaniyene Ukpanah from Abak/Etim Ekpo/Ika Federal Constituency in 1992 to 1993, Senator Emmanuel Ibok Essien from Ikot Ekpene/Obot Akara/Essien Udim Federal Constituency from 1999 to 2003, Senator Itak Bob Ekarika from Ukanafun/Oruk Anam Federal Constituency from 2003 to 2007 and Senator Aloysius Etok from Ikono/Ini Federal constituency from 2007 till date.

    — Francis Obong wrote in from Uyo via (francisobong2020@yahoo.com)

  • Obanikoro’s confirmation is a shame – Deputy speaker

    Obanikoro’s confirmation is a shame – Deputy speaker

    Nigeria’s senate has been faulted for asking Senator Musiliu Obanikoro to take a bow amidst protest by senators from the All Progressives Congress, APC.

    The action was described as a shame since Obanikoro was allegedly involved in the rigging of the Governorship election that took place in Ekiti State in 2014 as contained in an audio on the issue, which went viral few weeks back.

    Speaking further on the matter in an interview, the Deputy Speaker of the Lagos State House of Assembly, Hon. Musibau Kolawole Taiwo said that Obanikoro shouldn’t have been asked to take a bow based on what is now tagged; Ekitigate scandal, as he said that he did not go to the senate as a former senator this time around, but as a former minister.

    He stressed that if Nigeria were to be a country, where democracy thrives, even President Goodluck Jonathan ought to have resigned over the controversial matter.

    “The funniest thing is that it is not about Senator Musiliu Obanikoro being at the meeting, but he is the only person amongst those that were indicted that is still denying his involvement in the matter. Others like Governor Ayo Fayose of Ekiti State and Senator Iyiola Omisore have admitted that they were part of the meeting.

    “Obanikoro said that he was not at the meeting even, when his voice was loud and clear, which means his case is double jeopardy for Nigeria. A minister of the federation used his portfolio to rig an election. He now lied that he was not there. Even President Jonathan is just doing whatever he likes these days, if not he would not have returned such a person as a minister in this country again,” he stated.

    On the walk-out staged by APC senators during the clearance of Obanikoro at the senate chamber, the Deputy Speaker said that they did that to express their grievances over the matter, and that the PDP and Obanikoro would still have had their way since what was needed was a simple majority to pass the ministerial nominee.

    He accused some legislators of not voting according to their conscience in certain matters, and that some PDP senators would have voted against Obanikoro if they followed their conscience.

    According to Kolawole, some senators would have lost elections because of their role in the matter, while emphasising that it was time we started testing the truth in Nigeria.

    “People should look at what you have done in the past and if there is anyone that negates what you are saying now, you are in trouble. The legislature needs to explain their actions. Some actions look so simple, but they could destroy the country. I expect the people to start querying the legislature. The precedent would not have changed if they turned Obanikoro down,” he said.

    The lawmaker reiterated his views on card reader, which he said he has never seen before, but that based on the reports, he has read, the device worked well, when it was tested in some states recently, and that we need to consider its advantages.

    He said that no election can be 100 per cent accurate, but that card reader should be supported by the people and politicians, who don’t have other means of winning elections.

    Kolawole maintained that anyone that is against card reader is an enemy of the nation, adding that the INEC has successfully given PVC to 80 per cent of the registered voters.

    “The Governors of the PDP that were criticising INEC on the elections were part of the 36 state governors that locked themselves up in a room to elect the chairman of the Nigerian Governors Forum (NGF) and because they didn’t win, they were unable to announce the result of only 36 ballot papers.

    “Are they the ones, who would say something is good or not. They have no moral justification to comment about elections. They don’t even have patriotic mind to accept the result of their own club. They are talking about INEC that would conduct elections in 36 states for almost 100 million people,” he said.

    The politician faulted President Jonathan for allegedly lying that he spoke with King Mohammed V1 of Morocco on the phone, which the country has since denied and over which the country subsequently recalled her ambassador to Nigeria over the matter.

    He stated that this was enough for the president to resign as he, according to him, portrayed the country as a liar.

    “It is gross misconduct, if the National Assembly does not do anything about it, then they do not worth our votes. Why should a sitting president lie. I always say that we lose our sovereignty the moment we elect someone into an office and we cannot get it back until his tenure expires.

    “President Jonathan is Nigeria, and if a country now says that Mr. Nigeria is lying to the extent that the man now recalls his ambassador to Nigeria, then Nigeria is sick and we need a medical attention,” he explained.

  • 2015 budget: Senate, Reps agree on $53 benchmark

    2015 budget: Senate, Reps agree on $53 benchmark

    • NASS cuts budget by N30b

    The National Assembly yesterday agreed on $53 per barrel as official oil benchmark for the 2015 budget.

    This follows the harmonisation of the positions of the two chambers.

    While the Senate had approved $52, the House adopted $54 per barrel leading to the raising of conference committees. Senator Ahmed Mohammed Makarfi, headed the Senate conference committee while the House was headed by Hon.  Abdulmumin Jibrin, Chairman House Committee on Finance.

    The Nation learnt that both chambers met and agreed on  $53 per barrel as official oil benchmark. N190 to $1 exchange rate in the 2015 budget was also agreed on by the committee.

    Another area of agreement was to trim the National Assembly budget of N150 billion by N30 billion, reducing the NASS budget to N120 billion.

    The issue of scrapping the Service Wide Vote was also agreed to by both chambers.

    Also they both resolved to cut the costs of oil production by N200 billion.

    Both the Senate and House are likely to  pass the 2015 budget today before going on break for the .2015 general elections.

  • 2015 budget: Senate, Reps agree on $53 benchmark

    2015 budget: Senate, Reps agree on $53 benchmark

    The National Assembly Wednesday agreed on $53 per barrel as official oil benchmark for the 2015 budget.

    This follows the harmonization of the positions of the two chambers.

    While Senate had approved $52, the House adopted $54 per barrel leading to the raising of conference committees

    Senator Ahmed Mohammed Makarfi, headed the Senate conference committee while the House was headed by Hon.  Abdulmumin Jibrin, Chairman House Committee on Finance.

    The Nation learnt that both chambers met and agreed on $53 per barrel as official oil benchmark. N190 to $1 exchange rate in the 2015 budget was also agreed on by the committee.

    Another area of agreement was to trim the National Assembly budget of N150 billion by N30 billion, reducing the NASS budget to N120 billion.

    The issue of scrapping the Service Wide Vote was also agreed by both chambers.

    Also, they both resolved to cut the costs of oil production by N200 billion,

    Both the Senate and House are likely to  pass the 2015 budget before going on break for the .2015 general elections.

  • Senate praises troops’ feats in Northeast

    Senate praises troops’ feats in Northeast

    SENATORS yesterday praised the military’s success in the fight against Boko Haram in the Northeast.

    The Senate said if the tempo of successes was sustained, the insurgency would soon be a thing of the past.

    Senator Maina-Maji Lawan (Borno North) who came under Order 43 (personal explanation) urged the Senate to praise the military.

    Lawan said: “As this chamber is aware, I have come several times on the subject of the insurgency, from terrorists’ takeover of Baga to direct threats to state capitals and various locations.

    “About 20 local governments were inaccessible to Nigerian authorities; painful as it may have been, we solicited the support of this Senate in all the issue.

    “It is only fair Mr. President that this time around, when there is some cheering news, I should mention this to this Senate.

    “I want to say that several territories hitherto inaccessible to Nigerian authorities have been liberated. Mongno, which is a high military zone housing a whole brigade of the Nigerian Army, has been liberated.

    “Baga, my home town, has been liberated. The effort is on-going and I think that it is only fair that no matter what is left, it is important that we appreciate what is being done and I want to say that our troops are much more up and doing.

    “We appreciate their effort and we ask them to do more so that in the areas that they have liberated, mopping up is concluded for the communities to go back.

    “I am very sure that very soon, we will hear good news from Bama and Gwoza because they are the two main areas outstanding.

    “I want to say that I appreciate all the support of the Senate. Frankly speaking, I want to say that we are solidly behind our troops.”

    Lawan urged the senators to understand the emotional attachments of those whose personal houses have been taken over to the successes being recorded by the soldiers.

    “We pray that more of these successes will go on; we will continue to cooperate with our troops; we appreciate their effort and we ask that they continue with this particular stride to reclaim all Nigerian territory,” he said.

    Senator Bukar Abba Ibrahim (Yobe East) supported Lawan.

    Ibrahim said: “All the details Lawan gave are correct. With the exception of Bama and Gworza, there is not a single local government in the Northeast under the Boko Harm control.

    “Even Gulani and Gujuba have been liberated even though my house is still occupied by their wives and their children, but we will allow them to stay on humanitarian grounds.

    “I am in total support and there is need for us to show total appreciation for what is happening not only to Nigeria, but also Chad and Cameroun too; we must also appreciate what they have done.

    Senator Mohammed Ali Ndume (Borno South), said: “I want to join my colleagues to commend the Nigerian Armed forces and the other countries armed forces that have joined in this war aginst insurgency.

    “We have been crying out together for the government and the armed forces to do something and we have given them the support that is necessary in order to execute and win this war.

    “Results have started coming and we have seen it everywhere. Yesterday, I had to travel from Maiduguri to Kano by road. There is clearly a visible difference between what it used to be six months ago and now.

    “In fact, in Milo, one of the villages that was completely abandoned, their market was thriving and the people are going back.

    “Two days ago when I got to Benishe, even political activities have started picking up in those areas.

    “When we condemn and results start coming, this Senate should also stand up to commend the Nigerian Armed forces and the leadership for the great job they have been doing.

    “The challenge we face we know is that the Nigerian Army did not anticipate this kind of situation and, therefore, did not prepare for it and were not equipped for it.

    “But despite that, they were able to stand up to the occasion and I want to say as a barracks boy that I am proud of the Nigerian Armed Force.”

    Senator Chris Anyanwu (Imo East) also added her voice to the commendation.

    Senate President David Mark thanked Lawan and others who spoke on the matter.

    Mark said: “When things were not going very well, you had the courage to speak out as one united Senate and when things improved, I think you should also have the courage to say that things have improved.

    “I think we must commend our boys and girls that are in the field, who have been going through hardship.

    “Clearly with the right platform, the armed forces in this country will prove themselves that they are worthy of the international reputation that they have earned.

    “I must also commend the regional forces that have come to cooperate with us – Chad, Niger and Cameroun. Not only for their assistance, but for the cooperation because it takes much more than just desire to operate together because, particularly, they are French speaking and we are Anglophones.

    “It is a good regional effort and we must commend ECOWAS for this wonderful cooperation. Finally, I think that we must encourage our boys and girls in the field out there to bring this to a quick logical conclusion.”

  • Security vote:  Senate queries  defence ministry

    Security vote: Senate queries defence ministry

    THE Senate Committee on Defence and Army has demanded details of the expenditure of over N1.275 billion security vote appropriated for the Ministry of Defence (MOD) for the 2014 fiscal year.

    Chairman of the committee, Senator George Thompson Sekibo, who made the demand yesterday at MOD’S 2015 budget defence, directed the Permanent Secretary of the ministry,  Aliyu Ismaila, to furnish the committee with details of the expenditure within one week.

    The fund was appropriated for the MOD under the subhead of security vote, including operations/ration and allowances for Brigade of Guards.

    Sekibo wondered whether the allocation was not duplication since Service Wide Vote, which was provided for in the year under review covered the issue of security vote for Brigade of Guards.

  • Senate queries N1.275b security vote for defence ministry

    Senate queries N1.275b security vote for defence ministry

    The Senate Committee on Defence and Army on Thursday demanded details of the N1.275 billion security vote appropriated for the Ministry of Defence for the 2014 fiscal year.

    The Chairman of the committee, Senator George Thompson Sekibo, who made the demand at MOD’s 2015 budget defence, directed the Permanent Secretary in the ministry, Aliyu Ismaila, to furnish the committee with details of the expenditure within one week.

    The fund was appropriated for the MOD under the subhead of security vote including operations/ration and allowances for Brigade of Guards.

    Sekibo wondered whether the allocation was not duplication since Service Wide Vote which was provided for in the year under review covered the issue of security vote for Brigade of Guards.

    Some members of the committee also wanted to know why the office of the National Security Adviser (NSA) handles the buying of arms and ammunitions instead of the MOD.

    The members wanted to know whether the office of the NSA took over function due to loss of confidence in MOD.

    Sekibo, however, explained that it was agreed that the end user should be responsible for the purchase of arm and ammunitions.

    Ismaila said the Services under the MOD look up to the ministry for policy direction.

    He added that the relationship between the ministry and the Services under it, is cordial.

    The committee suspended consideration of 2015 budget proposal because of what Sekibo called disparity in figures.