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Senate Under Fire Over N1.4tn Demand

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Bukola Saraki
  • Senate Under Fire Over N1.4tn Demand

The Senate, on Friday, came under attack over a plan to allocate 20 per cent of the national budget (N1.4tn) for constituency projects.

Socio-political groups and experts, in separate interviews with Saturday PUNCH on Friday, said the demand for N1.4tn for constituency projects, clearly indicated that the lawmakers were insensitive to the plight of Nigerians.

They noted that the lawmakers had not given a good account of themselves in handling the projects.

The Senate had on Thursday, approved for further legislative work, a bill seeking to reserve 20 per cent of annual budgets for its members to execute constituency projects exclusive of the executive arm of government.

Going by the projected budget of N7.2tn for 2017, which President Muhammadu Buhari is to present to the joint session of the National Assembly on Wednesday, the lawmakers are expected to get the sum of N1.4tn allocation for constituency projects.

Condemning the proposal, groups and individuals including the Campaign for Democracy and the convener of the Coalition of Northern Politicians, Academics, Professionals and Businessmen, Dr. Junaid Mohammed, said it was another way of increasing corruption in the country.

President of the Campaign for Democracy, Bako Usman, said that the National Assembly members should concentrate on their oversight functions.

He said, “When their primary responsibilities are something they are not meeting up with, (like issues of oversight of projects), it surprises me when constituency project allocation becomes more interesting to them.”

On his part, Mohammed described the plan to include constituency projects in the budget as an attempt by the National Assembly to legitimise corruption.

He urged President Muhammadu Buhari to stop what he described as “a heist of our common patrimony.”

Mohammed said this in response to enquiries by Saturday PUNCH on the subject during a telephone conversation on Friday.

Mohammed, who was a member of the House of Representatives during the Second Republic, said there was no justification for such a legislation.

He said, “It (the law) is not only unfair, it is also utterly irresponsible. It is a violation of all the Revenue Expenditure and Finance Act we have inherited from the British and the ones we inherited from the first, second, third, fourth, up to the current republic.

“It cannot be justified by constitution; it cannot be justified by the law they are trying to enact.

“The executive will do well to ignore such a law because it cannot be justified by our Constitution. It is ultra vires to our Constitution and any known law of decency.

“The idea that the National Assembly should initiate all matters pertaining to budget and fiscal responsibility is something I find untenable and I am yet to be persuaded.”

Speaking in a similar vein, the Executive Director of the Civil Society Legislative and Advocacy Centre, Auwual Musa, said, “What we need now are laws and policies that will take Nigeria out of this recession and not this distraction.

“Our lawmakers cannot continue to act as if Nigerians who voted them into office don’t matter. This issue of constituency projects has been used and abused by our lawmakers. I am yet to be con.tvinced that making it a part of our budget will solve our problems.”

Also, the Executive Secretary, Anti-Corruption Network, Ebenezer Oyetakin, said that the implementation of the projects should be left for the executive.

Oyetakin stated, “It is high time the National Assembly corrected itself and did the needful by identifying projects priority for their constituencies and allowing government agencies in charge to implement, execute and handle finances.

“The approach to the constituency budgets at National Assembly has become a way to recoup the huge cost of running elections and it is corruption personified.”

The President, Committee for the Defence of Human Rights, Malachi Ugwummadu, said, “The degree of disconnect between the Nigerian State actors and the citizens is incomprehensible.”

Speaking on the development, some experts described the move by the Senate as premature.

The Head, Banking and Finance Department, Nasarawa State University, Keffi, Uche Uwaleke, said that while the country needed to develop the rural communities through investment in constituency projects, channeling it through lawmakers would not guarantee the needed result.

In his comment, a former Managing Director, Unity Bank Plc, Mr. Rislanudeen Mohammed, said as far as budget implementation was concerned, constituency projects had never been effective.

He said, “Constituency projects have never been effective as far as budget implementation is concerned.”

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

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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