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Dogara, Others Collected N10bn as Running Costs, Alleges Abdulmumini

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SPEAKER of the House of Representatives, Yakubu Dogara

The sacked Chairman of the House of Representatives Committee on Appropriation, Hon. Jibrin Abdulmumini yesterday continued his campaign against Speaker Yakubu Dogara, and others, by alleging that monies amounting to about N10 billion had been received as running costs by all 10 principal officers, from when they joined the National Assembly.

Abdulmumini, in a statement, claimed Dogara received N1.5 billion in sub-head allowances from when he was elected into the House in 2007, to date, while Deputy Speaker Yussuff Sulaimon Lasun has received N800 million.

Dogara, was Chairman, Committee on House Services in the seventh assembly, while Lasun was Deputy Chairman, Committee on Water Resources.

According to Abdulmumini, the allowances, which he termed running costs, were collected by many members and used as personal funds.

“No more, no less – case closed! Most of these members used it to acquire properties, cars and live a life of luxury they never lived before coming to the House. Though, there exist systems for retirement of such money but a simple investigation by a primary school pupil will reveal the massive fraud therein,” he said.

He alleged that the Majority Leader, Hon. Femi Gbajabiamila, who was minority leader in the sixth and seventh assemblies received N1.2 billion, while Deputy House Leader, Jibril Buba also received N1.2 billion from 2007 to date.

“Chief Whip Alhassan Ado Doguwa who has been in the House since 2003 has received N1.2 billion, while Deputy Chief Whip has received N700 million from 2011 to date.

“Minority Leader Leo Ogor has been in the House from 2007 to date. He has received N1.2 billion. Deputy Minority Leader Barde has been in the House from 2011 to date. He has received N700 million. Minority Whip Chuma has been in the House from 2007 to date. He had received N800 million. And finally, Deputy Minority Whip, Binta has been in the House from 2011 to date. She has received N700 million,” he said.

“So, in between these 10 principal officers, the country has pumped about N10 billion – and still counting. As I have mentioned earlier, in most cases, with few exceptions, these funds are diverted for personal use. I will provide further break down of these figures in due course. I will also provide 50 additional names of members with worst cases of diversion of such funds in due course so we can name and shame them,” Abdulmumini added.

The embattled lawmaker added that the ‘running costs’ was outside of salaries of lawmakers.

“The consequential effect of dealing with corruption in the House, especially the allowances issue, will take its toll on even elections. Candidates usually spend so much money hoping that they can recoup from the huge allowances they will receive when elected into House. When you know that there is no such money in the House to be shared, I am sure nobody will want to put in so much money just to win an election to the House. The resultant effect will be that only people who truly want to serve will vie for the office, and voters will be obliged to vote according to the dictate of their conscience. This is just one advantage,” he added in the statement.

Meanwhile the House has said it would no longer join issues with Abdulmumini over his stream of allegations.

The Chairman of the Committee on Media and Publicity, Hon. Namdas Abdulrazak said the party, the All Progressives Congress (APC) has directed all parties to stop commenting publicly on the matter.

We abide by the party’s directive, Namdas said.

He however queried why Abdulmumini cannot wait for the anti-graft agencies to whom he has submitted petitions, to do their job.

It should be recalled that last week, all 10 principal officers, in a statement, jointly clarified that the decision to remove Abdulmumini, was a collective decision.

“The decision to relieve the erstwhile Appropriation Chairman of his position was a collective decision of the leadership in response to unrelenting pressures from the overwhelming majority of Honourable Members who were irked by the former Chairman’s gross abuse of the budget process. Both actions were taken in the best interest of the institution and the nation for which we take full responsibility,” the statement read.

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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