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Lagos govt invests N103bn to boost MSMEs

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Lagos govt invests N103bn to boost MSMEs

… As Jigawa Assembly passes N20.44bn supplementary bill***

The Lagos State Government has invested N103 billion into the provision of infrastructure to provide downstream contracts for Micro, Small and Medium Enterprises (MSMEs), Gov Babajide Sanwo-Olu said on Tuesday.

The governor made the disclosure during the 6th Edition of the Lagos State MSMEs Exclusive Fair held in Ikeja.

The Fair had the theme: ”Effect of COVID-19: Charting the Way Forward for MSMEs”.

Represented by the Secretary to the State Government (SSG), Mrs Folashade Jaji, Sanwo-Olu said that the state government was passionately committed to the growth of small businesses.

He said that the state government recognised the role of the MSMEs in economic emancipation and their pivotal spot in the social and economic development of the state.

According to him, everyone has the collective responsibility of ensuring that MSMEs successfully overcame the economic and growth challenges posed by the COVID-19 pandemic.

”In the last two years, we have committed significant resources to the sustainability of the MSMEs, but the pandemic has further exposed the need for the public and private sector to meticulously develop the capacity of our MSMEs for growth and profitability.

”It is, therefore, a major reason why small businesses can always count on the Lagos State Government to provide the necessary backing for trade promotion and business development.

Also read: Lagos govt. tasks Immigration on vigilance at borders

”We extended the tax-filing deadline by 60 days and loan moratorium by 90 days to ease MSMEs’ working capital challenges.

”In addition, through the Lagos State Employment Trust Fund, we have provided low interest loans to MSMEs to the tune of N10 billion.

”Our investment in MSMEs reflects our goal of making sure that small businesses are technically and financially empowered to generate lasting wealth,” he said.

The governor said that in the last one year, his administration had put in place significant interventions to boost the trade capacity of MSMEs in the state.

According to him, the goal is to ensure that small businesses in Lagos overcome the challenges of the economic crisis associated with the pandemic, as well as the destruction and looting that followed the EndSARS protest.

He said that government was collaborating with the Central Bank of Nigeria (CBN) to resolve the problem of access to finance by MSMEs.

Sanwo-Olu said that in line with this, the CBN had established the N220 billion Micro and Medium Enterprises Development Fund (MSMEDF), among other schemes.

He called on all relevant stakeholders to collaborate and innovatively chart a new trajectory for economic diversification, growth and sustainability of MSMEs.

”As a proactive government, I assure you that we shall not relent in institutionalising policies that will enable the sustainability of MSMEs,” the governor said.

In another development, the Jigawa State House of Assembly on Tuesday approved N20.44 billion supplementary budget to fast track the completion of viable projects in the state.

The newsmen report that Gov. Badaru Abubakar, on July 12, submitted a proposed supplementary budget of N18.99 billion to the House for approval.

The proposed bill was to facilitate the completion of the ongoing roads, electrification and health sector projects across the state.

Other areas to be covered by the appropriated funds include commerce and industry, water supply, agriculture, women affairs, among others.

However, while deliberating on the bill in the Committee of the Whole, a legislator, Muhammad Abubakar (APC- Maigatari), drew the attention of his colleagues on the exigency to include constituency projects in the supplementary bill.

The committee, therefore, agreed to include N2.4 billion for constituency projects thereby bringing the total budget size approved by the lawmakers to N20,044,291,846.57.

In his contribution on the bill, Sani Saleh (APC-Kaugama), urged members to accelerate the process by allowing it to be read for second and third times to facilitate speedy passage.

Saleh said that passage of the bill would enable the state government to utilise the funds to execute viable projects for sustainable social and economic development of the state.

Also, Haruna Aliyu-Dangyatun (APC – Miga), said the projects captured in the supplementary budget were developmental and represent the wishes and aspirations of the people of the state.

He, therefore, urged the House to approve the bill in order to hasten work on the identified projects.

The House, presided by the Speaker, Alhaji Garba Idris, unanimously approved the bill and adjourned till August 3, 2021 to allow members proceed for Sallah break.

According to the letter sent to the House by the governor, N9.92 billion is for road infrastructure and electrification projects while N4.7 billion has been set aside for completion and equipping of specialist and general hospitals across the state.

Other highlights of the budget include N1 billion for contingency vote replenishment; N1.368 billion for education sector, N1 billion for commerce and industry, N375 million for water supply and N629 million allocated for agriculture, women affairs and Government House administration.

 

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Edo Assembly Impeaches Deputy Governor, Shauibu

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Edo Assembly Impeaches Deputy Governor, Shauibu

The impeachment followed the adoption of the recommendation of a seven-man judicial panel led by retired Justice Stephen Omonua.

At plenary in Benin, the Majority leader of the house, Charity Aiguobarueghian said the report of the 7-man panel presented to the house found Shauibu culpable of disclosure of government secrets.

Aiguobarueghian further disclosed that though the panel was unable to establish the case of perjury against the deputy governor, it made two findings and one recommendation upon which the decision to impeach the deputy governor was anchored.

According to him, “the seven-man judicial panel of inquiry recommended that the deputy governor be impeached on the ground of disclosure of government secrets.’’

During voting on the motion, 18 out of 19 members present at plenary voted for the impeachment of the deputy governor while one abstained from the headcount and voting process.

The Clerk of the House, Yahaya Omogbai conducted a head count of the lawmakers who voted for and against the impeachment of Shaibu.

The clerk said with the figure, the house stated that it met 2/3 (16 members of the House was needed to carry out the impeachment).

The assembly thereafter upheld and approved the recommendation of the seven-man panel and thereafter impeached the deputy governor.

The speaker, Blessing Agbebaku directed the Clerk of the House, Yahaya Omogbai to forward copies of the impeachment to Gov. Godwin Obaseki for assent.

The Edo House of Assembly on Monday impeached the Deputy Governor, Mr Philip Shaibu.

The impeachment followed the adoption of the recommendation of a seven-man judicial panel led by retired Justice Stephen Omonua.

At plenary in Benin, the Majority leader of the house, Charity Aiguobarueghian said the report of the 7-man panel presented to the house found Shauibu culpable of disclosure of government secrets.

Aiguobarueghian further disclosed that though the panel was unable to establish the case of perjury against the deputy governor, it made two findings and one recommendation upon which the decision to impeach the deputy governor was anchored.

According to him, “the seven-man judicial panel of inquiry recommended that the deputy governor be impeached on ground of disclosure of government secrets.’’

During voting on the motion, 18 out of 19 members present at plenary voted for the impeachment of the deputy governor while one abstained from the headcount and voting process.

The Clerk of the House, Yahaya Omogbai conducted a head count of the lawmakers who voted for and against the impeachment of Shaibu.

The clerk said with the figure, the house stated that it met 2/3 (16 members of the House was needed to carry out the impeachment).

The assembly thereafter upheld and approved the recommendation of the seven-man panel and thereafter impeached the deputy governor.

The speaker, Blessing Agbebaku directed the Clerk of the House, Yahaya Omogbai to forward copies of the impeachment to Gov. Godwin Obaseki for assent.

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Court Remands Emefiele In EFCC Custody As Trial Begins April 11

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Emefiele: CBN disbursed N12.65bn as agriculture intervention since January; N1.09 trillion since 2015

An Ikeja Special Offences Court on Monday remanded the embattled former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, for alleged abuse of office and fraud to the tune of $4.5 billion and N2.8 billion.
It was reported that Justice Rahman Oshodi remanded Emefiele in the Economic and Financial Crimes Commission (EFCC) custody while his co-defendant, Henry  Isioma-Omoile, was remanded in the Ikoyi custodial centre.
Oshodi remanded the defendants pending the determination of their bail applications on April 11.
The judge adjourned the case until April 11 for the determination of bail application and commencement of trial.
Earlier, EFCC arraigned Emefiele on a 23-count charge bordering on abuse of office, accepting gratifications, corrupt demand, receiving property fraudulently obtained and conferring corrupt advantage, while his co-defendant was arraigned on a three-count charge bordering on acceptance of gift by agents.
The defendants, however, pleaded not guilty to the charge.
EFCC counsel, Mr Rotimi Oyedepo (SAN) had asked the court for a trial date following the defendants’ not guilty pleas.
Oyedepo also informed the court that the prosecution would be asking for a closed section for some of its witnesses who were willing to come to court to testify but scared for their lives.

Counsel to the two defendants, Mr Abdulakeem Labi-Lawal, had in their bail applications, urged the court to grant them bail on self-recognizance and liberal terms pending the determination of the case.
Labi-Lawal, in a 35-paragraph affidavit, said that the first defendant (Emefiele) complied with the bail application given to him by Justice Hamza Muazu in his ongoing fraud trial in Abuja.
He added that the charges against the first defendant were bailable.
“Though the first defendant was granted administrative bail by the prosecuting authority, he is seeking bail based on self-recognizance, and he is ready to attend trial.
“The court should also take into consideration the status of the first defendant as he was the former CBN governor of the country,” the counsel said.
The defence counsel further said that Emefiele religiously presented himself before Justice Hamza Muazu in Abuja to answer allegations before him.
According to the counsel, the first defendant was not at flight risk as he was the first person to arrive in court.
He also prayed the court to grant bail to  Emefiele on liberal terms
Labi-Lawal also moved a bail application for the second defendant and urged the court to grant him bail on liberal terms.
Prosecution counsel, Oyedepo, did not oppose the bail applications.
Oyedepo, however, urged the court to exercise its discretion judiciously in granting bail to the defendants.
In one of the charges, EFCC  alleged that Emefiele abused the authority of his office as CBN  governor by allocating foreign exchange in the aggregate sum of $2.2 billion without bids, the act which was prejudiced to the rights of Nigerians.
It also alleged that the ex-CBN governor corruptly accepted an aggregate sum of  $26.5 million from NIPCO Plc through Donatone Ltd.
The commission also accused Emefiele of receiving the sum of $400,000 from Source Computer Ltd. on account of the approval of a “contract” in favour of the said company by CBN.
The anti-graft also alleged that Emefiele used his position as the governor of CBN  to confer corrupt advance on his associate, Limelight Multidimensional Services Ltd. by approving payment of an aggregate sum of N900 million to the company.
Emefiele was also alleged to have used his position as the CBN governor to confer a corrupt advantage on Comec Support Services  Ltd. by approving the sum of N149 million to the company.
EFCC also alleged that the former CBN governor used his position to confer a corrupt advantage on  Andswin Resources and Solutions Ltd. by approving payment of the sum of N398 million to the company.
EFCC also accused Emefiele’s co-defendant (Isioma-Omoile) of giving the sum of $100,000 to the governor as a gift reward for allocation of foreign exchange.
According to the prosecution, the alleged offences violate Sections 8, 10, and 19 of the Corrupt Practices And Other Related Offences Act of 2000, Sections 65, 73, and 328 of the Criminal Laws of Lagos State 2011.

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NAGAFF Vows to Stop Kwankwaso from Taking Over NNPP

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NNPP inaugurates 2023 Presidential Campaign Council, Aniebonam remains BoT Chairman

…Votes N150m take off professional fees for lawyers to begin litigation warfare!

Members of the National Association of Government Approved Freight Forwarders (NAGAFF) will vehemently resist the taking over of the New Nigeria Peoples Party (NNPP) by the group noted to be loyal to Senator Rabiu Musa Kwankwaso.

It would be recalled that the NNPP was originally founded by the National Association of Government-Approved Freight Forwarders NAGAFF, largely to provide a credible platform for maritime industry stakeholders to make a national impact within the nation’s political space.

It. would also be recalled that the former Governor of Kano, Senator Kwankwaso latched on the NNPP, after his effort to run as the flag bearer of another political party was dimmed by former Vice President Atiku Abubakar who emerged as the PDP presidential candidate.

NNPP inaugurates 2023 Presidential Campaign Council, Aniebonam remains BoT Chairman

Alhaji Rabiu Musa Kwankwaso

Presently, a statement issued by the NNPP National Publicity Secretary, Dr. Clement Iwegbuna, lamented that what started as a child’s play is becoming a reality with the body language and actions of Senator Kwankwaso to highjack NNPP from the original owners, the members of  NAGAFF.

In a swift move, the president of NAGAFF, leading the pack of resourceful young freight forwarders said the original are poised to match money for money and contact for contact to retrieve NNPP from the people tagged ungrateful.

The statement revealed that the sum of N150,000,000 has been contributed as a take-off professional fee for the lawyers to take on the serial litigations upcoming.

NAGAFF accused Kwankwaso of court abuse with the institution of a court case involving INEC at Kano State High Court. “And so what does it take someone who held the position of minister of defence and member of the national assembly of the Federal Republic of Nigeria to know that it is out of jurisdiction to do so.

NNPP is a national party and INEC is a federal commission. “Let Nigerians be told that there is a new order in Nigeria judiciary at the moment. If Senator Kwankwaso likes let him, Elder Buba Galadima and all of them who are the former members of the National Working Committee led by Alhaji Abbah Kawu who was alleged not to be able to write a statement at the state police command, Abuja when he reported a case against Mr Phillip Oyana the Zonal Secretary North Central of New Nigeria Peoples Party.

“Our young, vibrant and informed lawyers shall meet him and his cohorts in court. Once again we hold no malice against any person. All members of NNPP and NAGAFF are children of God and always ready to show love to all manner of people who may come our way,” the statement further said.

The statement directed and appealed to all members of NAGAFF and NNPP to keep the peace of the society and be law abiding and respectful to the constitution of Nigeria.

“Regret to note that Senator Rabiu Musa Kwankwaso had avoidably prided himself to have brought NNPP to relevance and recognition. Tell the American marine that trash for the fact that Senator Rabiu Musa Kwankwaso forgot to note that NNPP is as old as People’s Democratic Party of Nigeria spanning over 24 years in existence. He joined less than 2yrs ago.

“We consider Senator Kwankwaso as someone who is avoidably arrogant and proud for no good reasons. This is because NNPP provided him the opportunity to contest the Presidency of Nigeria 2023 with great men like the current president of Nigeria, Alhaji Atiku Abubakar (PDP) and Mr. Peter Obi of the Labour Party

“Let it be on record that if NNPP were not winning elections for the period under review it would have been deregistered like the one he facilitated which was called Alliance National Party. As a matter of fact, the current headquarters of NNPP in Abuja is the same office used by the defunct Alliance National  Party whose chairman was one Moshood.

“We also know that the current executive Gov of Kano Alhaji Abbah Kabir who was shortchanged in the previous elections took advantage of us as children of God to be protected and today those evil men could not stop him from becoming the Gov of Kano State.

“Therefore senator RABIU MUSA Kwankwaso should be taught the principles of humility and gratefulness to people who have been nice to him.

“In all of these, he may wish to distance himself from elder Buba Galadima if he wants to make headway in politics. The former President, Gen. Buhari did realise and distanced himself to combine with Asiwaju B. A. Tinubu, the grand master to become the President of Nigeria.,” advised.

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