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Probing foreign loans now, may send wrong signals to lenders- Amaechi tells Reps

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NASS Commission: Amaechi Nwoha, a credible representative – Minister

…As Senate summons Fashola, Ahmed, others over legacy projects***

The Minister of Transportation, Mr Rotimi Amechi has observed that the investigations of loans taken by the Federal Government could send the wrong signals to the lenders.

He, therefore, urges that the current probes be delayed, until the funds are collected.

Ameachi made the observation at an investigative hearing organised by the House of Representatives Committee on Treaties, Protocols and Agreements in Abuja.

He said that the investigation could cause foreign partners to withdraw such loan facilities which may have negative effect on Nigeria’s infrastructural development.

The minister said that he has raised the concerns over the ongoing investigation with the Speaker of the house, Rep. Femi Gbajabimila.

Amechi explained that the hearing could stop the loan facility the Federal Government ”is seeking for the completion of the Lagos-Ibadan and Kano rail projects”.

He, however, recommended that the hearing should be shifted to December when the loan facility would have been acquired.

The Chairman of the committee, Rep. Nicholas Ossai (PDP-Delta) said that the committee is empowered to conduct overnight before, during or after loan facilities are acquired.

He said that the committee seeks to review all Nigeria’s bilateral loan agreements to ensure the country is not shortchanged.

Also read:  Senate: NDDC IMC must refund alleged N4.923bn illegally paid to Staff, Contractor

In another development, the Senate on Tuesday summoned the Minister of Finance, Hajiya Zainab Ahmed, and the Minister of Works and Housing, Mr Babatunde Fashola, over the funding status of three Federal Government legacy projects.

Also summoned were the Accountant-General of the Federation, Mr Ahmed Idris, and the Managing Director of Nigeria Sovereign Investment Authority (NSIA), Mr Uche Orji.

 

The summoned was issued at an interactive meeting, organised by the Senate Committee on Finance with NSIA officials.

The legacy projects are the Abuja-Kano road, Lagos-Ibadan Expressway and the Second Niger Bridge. Successive administrations have attempted to complete the Lagos-Ibadan Expressway with pains to the masses, in the past 10 years.

The projects are being funded with the Presidential Infrastructure Development Fund (PIDF) managed by the NSIA.

The Chairman of the Committee, Sen. Solomon Olamilekan, said that the heads of the agencies were summoned to explain the issue of variation in the contract sum of the projects between the periods of initiation up to the time the PIDF took over the funding.

Earlier, Orji told the panel that the construction contracts were executed between the ministry of works and the contractors before they were transferred to the PIDF.

He said that all information and documentation relating to the projects prior to the handover should be sought from the ministry of works.

Orji said that the NSIA was not responsible for debts, accumulated on the projects because they preceded the establishment of the NSIA.

“All questions regarding the legacy debts are matters preceding our entrance. Those who were there should answer,” he stated.

The managing director explained further that NSIA had so far, disbursed N231.8 billion, with N60.9 billion disbursed to the Lagos-lbadan Expressway, N100.7 billion to the Second Niger Bridge and N70.1 billion to the Abuja-Kano Road.

He said the PIDF balance as at June 2020 stood at N181.4 billion.

The balance, he added, incorporated the receipt of the recovered looted asset of 311 million dollars.

“We estimate that these funds will be depleted by the beginning of Q3 2021.

“Under the PIDF mandate, NSIA is to receive two transfers of 650 million dollars.

“So far, NSIA has received one of the transfers. Once the funding in Q3 2021 is expended, NSIA will either need the additional transfer or raise funding from other sources,” he said.

 

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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 Crisis: Freight Forwarders Defy Rain To Pray For Peace

…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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