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Constitution Amendment or Legislative Coup? Our Legislators Have Gone Mad Again

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Nigeria's National Assembly

In April 2015, former President Goodluck Jonathan declined assenting his signature on the 2015 proposed amended 1999 Constitution citing irregularities in its passage, whittling down the powers of the President by the legislators, and transferring some of these powers to themselves (and to the judiciary).

Three items featured in the 2015 Constitution amendment. They are;

  1. LIFE PENSION for the Senate President, Speaker of Representative, Deputy Senate President, and Deputy Speaker of the House.
  2. Immunity for the aforementioned office holders from arrest and criminal prosecution
  3. Stripping of the President the power to assent or veto any constitutional amendment. Meaning, they (legislators) should be both the only players in the process.

Nigerians were lucky that the former President not only refused to assent his signature but also approached the Supreme Court through the Attorney General of The Federation to halt the proposed bill, which the court did in May 2015.

Now it appears that the legislators have ‘gone mad’ again by reviving such items in the ongoing constitution review.

THEIR IMMORAL DEMAND FOR LIFE PENSION

As at today, many states are having difficulty to meet financial obligations to state workers and execute projects, yet they are still mandated by their state laws to pay huge money to former Governors and their Deputies in the name of pension irrespective of the offices these former state executives occupy after leaving office.

It is even funny that some of these Senators like Senate President Bukola Saraki, Sani Yerima, Muhammed Goje, Godswill Akpabio, George Akume etc were not only exGovernors but are heavy beneficiaries of the pension largesse at their respective state level chiefly due to the immoral pension that they proposed and signed into law when they were in office. Yet, they still want more money in the name of life pension to add to their already bloated financial war chest at the masses expense.

The non former Governors among them like Sen Ike Ekweremadu, who is the Chief leader of the proposal seem to want to join the train of those that are feeding fat (for life) on government resources.

Is it not immoral and wicked that after enjoying fat salaries and allowances while in office, the legislative leaders want to keep feeding fat outside office just like the former governors?

THE IMPLICATION IF PASSED

Should the legislators have their way, it means that SP Saraki will be entitled to DOUBLE life pension from Kwara state and federal government.

It also means that people like Governors Aminu Mansari and Saminu Tambawal of Katsina and Sokoto states respectively will be entitled to fat salaries/allowances as Governors, Life pension as Former Speakers, and life pension as former governors when they leave office.

This will also attract more outgoing governors to seek solace in the Senate and fight for SP or DSP offices to ‘enlarge their coast’. This will also attract more former speakers and Deputies to seek election to be Governor or Deputy in order to legally enlarge their financial powerhouse. How sustainable is this?

Let us imagine that a former Speaker/deputy is elected to serve his state as Governor. After serving the state, he was further elected to go to the Senate and eventually made Senate President or Deputy Senate President. Then he moved up to emerge Presidential candidate or running mate to a candidate, and emerge victorious. What is the implication with respect to the controversial proposal?

It simply means the man will be entitled to a life pension as former President/Vice, Governor/Deputy, Speaker/Deputy, and Senate President/Deputy. Who says politicians are not smart?

I’m sure that if this is allowed, it won’t take long for Speakers and Deputies at the state level to ‘help themselves’ out.

ON ISSUE OF IMMUNITY FOR NASS LEADERS:

In the first instance, the concept of immunity for governors and their deputies is irresponsible and absurd. Even the United States whose democracy we look up to don’t have such arrangement. While we are calling for the stripping of Governors and Deputies of immunity, the legislators are coming with their own immunity demand.

Already, these legislators enjoy immunity from prosecution on anything they say or do on the floor of their respective chambers, why are they seeking for more if not that they have to protect their skeletons?

STRIPPING THE PRESIDENT ASSENT POWERS:

I think the legislators need to be reminded that the concept of democracy demands checks and balance. Stripping the President the power of Assent simply means introduction and promotion of legislative coup. They want to be the people to make laws and shove same laws down the throat of Nigerians via the instrument of the law. This is highly irresponsible of them, and won’t be allowed to stay.

This is tantamount to legislative coup.

SECTION 9 OF THE CONSTITUTION SHOULD BE AMENDED:

Section 9 of the Constitution that deals with the process of amendment of the 1999 CFRN need to be amended to give the masses role to play in the amendment process.

Specifically, sub sections (2) and (3) that vest power to amend constitution on at least 2/3 members of both Chambers of the National Assembly, and resolution of at least 2/3 States Houses of Assembly should be amended by stripping the state legislators of such of power, and vesting same on the people through INEC organised and well monitored referendum.

This is the only true way Nigerians can be said to be part of the process.

HYPOCRISY OF SOUTHERN LEGISLATORS:

I shall end this piece by expressing disappointment in legislators from the southern region, specifically the southsouth and southeast.

Before the amendment kicked off, majority of these legislators including DSP Ike Ekweremadu, Senator Ben Murray Bruce of twitter fame, and several others were always quick to shout how restructuring and true federalism is best for the country. Instead of these people to be the chief promoters of restructuring and true federalism in this ongoing amendment, they preoccupy themselves with only amendments that would favor them. Very unfortunate…

May God Bless Us All and Bless Nigeria

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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President Buhari Accuses Governors of Stealing LG Funds

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Muhammadu Buhari

Nigerian President, Muhammadu Buhari has once again accused state governors of stealing monthly allocation due to local government under them.

The president spoke at a parley with members of the Senior Executive Course of the National Institute for Policy and Strategic Studies, Kuru, held at the State House Banquet Hall, Abuja.

Speaking at the event, the president stated that it beats anyone’s imagination how some governors collected money on behalf of council areas in their states, only to remit just half of such allocation to the council chairmen, who would further deplete the remittance by filching it. Investors King learnt. 

 ‘‘I found it necessary to digress after reading my speech and this digression is a result of my personal experience. What they did, this is my personal experience, if the money from the Federation Account to the state is about N100m, N50m will be sent to the chairman, but he will sign that he received N100m. The governor will pocket the balance and share it with whoever he wants to share it with,” the president narrated. 

‘‘This is what’s happening. This is Nigeria. It’s a terrible thing; you cannot say the person who was doing this is not educated. He was a qualified lawyer, he was experienced, yet he participated in this type of corruption.” he queried. 

Furthermore, the president clarified that state governors and local government chairmen should be held responsible for the underdevelopment in the rural areas noting that most of the local governments lack basic amenities. 

Similarly, the National Union of Local Government Employees on Thursday backed the position of the president on the embezzlement and mismanagement of local government funds.

Responding to Buhari’s position, the  President of the Nigeria Union of Local Government Employees (NULGE), Hakeem Ambali, said Buhari was merely stating the obvious.

The NULGE President nevertheless admonished the president to go beyond the statement and ensure governors, especially those in APC to sign the local government autonomy bill into law.  

“He should go beyond that statement. He is the leader of the party, he should ask them to sign the autonomy into law; he is the leader of the governors,’’ he said.

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Ramaphosa Braces for Calls to Resign Over $580,000 Theft at Farm

The panel found the president may have violated sections of the constitution following a theft of $580,000 that was stashed in a sofa at a game farm he owns.

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Cyril Ramaphosa

South African President Cyril Ramaphosa’s allies are steeling themselves before a meeting of the governing party’s top leaders at which he’s likely to face calls for his resignation.

The African National Congress’s National Executive Committee will on Thursday discuss the findings by an advisory panel that there may be a case for Ramaphosa’s impeachment. The panel found the president may have violated sections of the constitution following a theft of $580,000 that was stashed in a sofa at a game farm he owns.

The release of the panel’s report on Wednesday night triggered a slump in the rand. The NEC meeting is scheduled to start at 7 p.m.

Party officials met with the ANC’s chief whip and the speaker of parliament to discuss the report on Wednesday, according to people familiar with the matter. A group of NEC members sympathetic to Ramaphosa held a meeting of their own, said the people who asked not to be identified discussing private party matters.

Pule Mabe, the ANC’s spokesman, didn’t immediately respond to a request for comment sent by text message.

Resignation Option

The meeting of Ramaphosa’s supporters was called by Minister in the Presidency Mondli Gungubele. Two NEC members who are close to Ramaphosa expressed concern that the president may opt to resign — a replay of what happened in June when the scandal over the game-farm theft first erupted and he took advice on whether or not he should quit.

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Ibom MRO to Bring in Forex to Nigeria 

Akwa Ibom State to open a cutting-edge smart terminal building at the Victor Attah International Airport

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U.S dollar - Investors King

The governor of Akwa Ibom State, Governor Udom Emmanuel, has announced that the state is close to opening a cutting-edge smart terminal building at the Victor Attah International Airport and that this will generate foreign exchange for Nigeria. 

Investors King has also learnt that an MRO facility for aircraft would be operational from January.

This comes on the heels of praise from his Edo State counterpart, Gov. Godwin Obaseki, who attended the Tuesday reception in Uyo for two additional A320-200 Airbus aircraft that the state’s Ibom Air fleet had leased from a European company.

Speaking at the event, the governor of Akwa Ibom said that while there were already efforts underway to persuade the government to lease the MRO, the MRO is an investment because it was built with naira, despite its current depreciation, and will therefore generate income.

The Akwa Ibom governor said “Our terminal building is world-class in Africa, our MRO is world-class. If you find one today in the entire Gulf of Guinea, tell me I’ll disassemble this one and build another.

“Look at our MRO; what you see here can accommodate two 747 aircraft as well as eight CRJ aircraft, which we are flying for servicing at the same time.”

“This is the only MRO in this part of the world today, and these facilities are not built with local currency, but we are building this MRO with naira that has no value.”

“I invest in areas where we can see a return on our money. Right now without blinking an eye, I can make over $ 30 million with this MRO if we decide to sell but we are not selling, we will make a foreign exchange from this investment.

“Airbus is on us to come and lease our MRO for all their regional flights, but we are not selling.

“We are going to open up this place ( MRO facility) from January next year for commercial activities and we are going to earn in dollars.”

He thanked Ibom Air’s Board of Directors, Management, and Staff for making him proud, emphasising that “they have done very well.”

Gov. Obaseki, who spoke at the event, stated that Akwa Ibom has become the country’s flagship state for its efforts to invest in and make significant strides in the aviation sector.

Obaseki described Akwa Ibom as the country’s flagship state for its efforts to invest in and expand the aviation sector. “Ibom Air is always completely booked.” Let me thank you on behalf of Nigerians,’’ Obaseki said.

In his remarks, the Managing Director of Ibom Airlines., Mr Mfon Udom announced plans to begin regional flights in 2023.

Udom said the new addition to the fleet of Ibom Air would expand its carrying capacity and boost employment opportunities in the state by 40 per cent.

“With this new capacity coming on board, we are delighted to inform our passengers that we have increased our offerings, providing more frequencies for their convenience.

“The Uyo-Lagos and Uyo-Abuja routes now have three frequencies each every weekday, while our Lagos-Abuja passengers will have seven frequencies to choose from both ways, every weekday,’’ he said.

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