Connect with us

Headline

Abacha Loot: Reps to Probe Recovery from 1998 to Date

Published

on

The House of Representatives has resolved to set up an ad-hoc committee to investigate the total amount recovered from the Abacha loot from 1998 to date.

This is one of the four resolutions made by members of the lower chamber after a long deliberation.

The resolutions were sequel to a motion of urgent national importance sponsored by Karimi Sunday.

Mr Sunday had explained that the Abacha family in 2014 entered an agreement with the federal government, forfeiting public funds in several billions of dollars to the federal government, following a plea bargaining to drop charges against the late military ruler’s son.

He said the funds have been released to the Federation in several tranches by Switzerland Government but without much disclosure to the public by government.

Recently, the Attorney General of the Federation, Abubakar Malami, signed an agreement on behalf of the federal government on the release of the last tranche of $322million to Nigeria.

The Special Adviser to the President on‘ Justice Reforms, Juliet lbekaku-Nwagwu, was reported to have said that in line with the Memorandum of Understanding signed by the Switzerland Government and the Nigerian Government, the $322 million will be paid directly to the accounts of the poorest Nigerians without recourse to the National Assembly.

Mr Sunday, however, said by virtue of Section 12 (1) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), no treaty between the Federal Government of Nigeria and any other country shall have the force of law except to the extent to which such treaty has been enacted by the.National Assembly.

“Consequently, no agreement or Memorandum of Understanding purportedly signed by the Federal Government with the Switzerland Government can have any force of law in Nigeria, except approved and enacted by the National Assembly,” he said.

He further said by virtue of Section 80 (1-3) and 81 of the Constitution of the Federal Republic of Nigeria (as amended) a revenue raised and received by the federal government shall be paid to the Consolidated Revenue Fund.

“Section 80(3) stipulates that no such monies raised shall be withdrawn from the Consolidated Revenue Fund unless the issue of such funds has been authorised by the National Assembly. As a result, no monies can be paid or expended without National Assembly approval,” he said.

He called on the federal government to come up with a Supplementary Appropriation Bill, earmarking the funds due to it from the Abacha loot for the completion of the Ajaokuta Steel Complex/Project.

Mr Karimi frowned at the decision of the federal government to distribute the money among poor families in the country, describing it as a breach of the constitution.

“How many poor families have been identified? Let’s follow the laws of the land. This is impunity and has to be stopped,” he said.

In his contribution, Hassan Saleh supported the motion as he urged the federal government to invest the recovered loot into the Ajaokuta Steel Company.

He described the government’s decision as corruption in disguise and said the money cannot be properly distributed among poor families. He also wondered what happens if the government cannot feed the poor families tomorrow.

Abdumumin Jibrin, on his part, said although he understands the federal government has the nation’s best interest at heart, “there is nothing wrong with consulting the National Assembly” as regards what should be done with the money.

He called for thorough investigation into the recovered funds and urged his colleagues not to politicise the issue.

While stating that money recovered be invested in the Ajaokuta Company, he also urged the House to “deal with the motion in isolation.”

The House thereafter resolved to establish sources of the money recovered and if at all, charges paid to lawyers and consultants.

It also resolved to find out if procedures were followed and identify if agreements entered aligns with Nigeria’s constitution.

Premium Times

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Headline

Mike Adenuga, Emmanuel Macron Hold High-Powered Meeting in Paris

Published

on

By

Accomplished billionaire businessman and Commander of the French Légion d’Honneur, Dr. Mike Adenuga Jr., GCON, CdrLH, has held a private meeting with the French President, Emmanuel Macron.

The two powerful citizens of the world held the meeting on Wednesday at the historic Élysée Palace in Paris.

The high-level engagement underscores the longstanding relationship between Dr. Adenuga and the French Republic, as well as his continued relevance in global business and diplomatic circles. 

A respected industrialist and philanthropist, Adenuga has been widely acknowledged for his contributions to economic development, telecommunications, energy, and humanitarian causes across Africa and beyond.

The meeting adds to Dr. Adenuga’s growing profile as a bridge between African enterprise and international leadership.

Continue Reading

Headline

Free at Last: Burkina Faso Releases 11 Nigerian Soldiers, Aircraft

Published

on

By

Burkina Faso has released Nigerian soldiers who were detained after their aircraft made a forced landing in the Sahelian country earlier this month, Nigerian officials said.

The release followed a diplomatic intervention by President Bola Tinubu, who dispatched a high-level delegation led by the Minister of Foreign Affairs, Yusuf Tuggar, to meet Burkina Faso’s Military Leader, Ibrahim Traoré, on Wednesday.

In a statement, Alkasim Abdulkadir, Tuggar’s spokesperson, said both sides resolved the matter amicably and secured the release of the Nigerian Air Force pilots and crew.

The soldiers had been held for nearly two weeks after the Confederation of Sahel States (AES) described the aircraft’s landing as an “unfriendly act” carried out in defiance of international law.

The Nigerian Air Force, however, said the crew encountered a technical issue that required a precautionary landing in Bobo-Dioulasso, the nearest available airfield. It said the landing complied with standard safety procedures and international aviation protocols.

Continue Reading

Headline

Corruption Allegations: NMDPRA Boss Farouk Ahmed Meets Tinubu, Resigns

Published

on

By

The Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has resigned following a meeting with President Bola Tinubu amid corruption allegations.

Tinubu, on Wednesday, summoned Ahmed to the Presidential Villa in Abuja, following allegations of economic sabotage and corruption.

Also caught in the web of resignation was the CEO of the Nigeria Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, according to a statement on Wednesday by Bayo Onanuga, special adviser to the president on information and strategy.

Tinubu was said to have nominated successors to the senate for approval.

“Tinubu has asked the Senate to approve the nominations of two new chief executives for the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) and the Nigerian Upstream Petroleum Regulatory Commission (NUPRC),” the statement reads.

“The requests followed the resignation of Engineer Farouk Ahmed of the NMDPRA and Gbenga Komolafe of the NUPRC.

“Both officials were appointed in 2021 by former President Buhari to lead the two regulatory agencies created by the Petroleum Industry Act (PIA).

“To fill these positions, President Tinubu has written to the Senate, requesting expedited confirmation of Oritsemeyiwa Amanorisewo Eyesan as CEO of NUPRC and Engineer Saidu Aliyu Mohammed as CEO of NMDPRA.”

Onanuga said the two nominees are seasoned professionals in the oil and gas industry.

Continue Reading

Go back

Your message has been sent

Warning
Warning
Warning
Warning

Trending