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Presidency Budgets N100m to Purchase Bullet Proof Tyres

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  • Presidency Budgets N100m to Purchase Bullet Proof Tyres

The ongoing budget defence in the National Assembly yesterday revealed how in contrast to general beliefs about President Muhammadu Buhari’s perceived frugal lifestyle, the State House has since last year been spending whopping sums of money to purchase printed tyres, otherwise known as bullet proof tyres.

Against this backdrop, the Presidency has planned to spend about N100 million for the purchase of same tyres as contained in 2017 budget.

The disclosure which appeared to be coming to public knowledge for the first time, was shocking to some watchers at the meeting who wondered why presidency officials should be using bullet proof tyres in the face of biting economic recession.

Making the disclosure while defending the 2017 budget of the State House before the Senate Committee on Federal Character and Inter-governmental Affairs, Permanent Secretary, State House, Jalal Arabi, said the N100 million budgeted for printed tyres this year was only 50 per cent lower than what was budgeted in 2016.

“Another area of interest Mr. chairman, distinguished senators is the purchase of tyres, a total sum of N94.5 million is proposed for 2017, representing 50 percent of actual sought for the 2016. This will hope will address the shortfalls and complement the requirements of this sector which are mostly printed tyres procured at exorbitant prices. Mr. chairman, some of the tyres being purchased are bulletproof and hence, constitute the bulk of the budget cost.

“Let me re-emphasise Mr. chairman that the state house has been consistent and indeed conservative in the budget estimates as we are always mindful of our current challenges in the areas of revenue generation over the years,” he said.

Jalabi, who however, disclosed that only paltry sums of the total budget for 2016 was released, said the State House only got N46 million capital release throughout the year adding that of N2.4 billion budgeted for State House Clinic in 2016, only 800 million, representing 30 per cent of the budget was released.

He said the poor releases had resulted in various hiccups and debt accumulation in the Presidential Villa including huge indebtedness to electricity providers. According to him, N319.6 million has been budgeted in 2017 to upset electricity bills owed by the Villa.

“A sum of N45.3 million only was approved in the 2016 budget for this purpose. Suffice it to inform that the State House electricity bill for 2016 alone as forwarded by Abuja Electricity Distribution Company (AEDC) for state House Abuja was N252 milliom with another outstanding liabilities of over N300 million for state House, Lagos facilities.

“Clearly the provision in the 2016 budget could not accommodate this. It may interest Committee to note in 2016, it took the management of the State House the installation of meters to ensure proper billing and that was what reduced the bill to a reasonable figure. However, since these bills are currently subject ofreconciliations, we have made a modest provision for sum of N319.6 million for 2017 to settle current and part of outstanding bills,” he said.

He also disclosed that the Villa owed an accumulated bill of N52.8 million sewage charges.

“There is a proposal for the sum of N52.8 million in the 2017 budget. The Committee may wish to be informed that the bills received from Abuja Environment Protection Board (AEPB) for liquid waste disposal for the state House for 2016 is in figure sum of N15.6 million with outstanding liabilities of previous years standing at N37.5 million (totaling N52.8m).

This figure has remained consistent over the years.

“This informed the provision of the same figure amount in the sum of N52.8 million in 2017. This position was the same sought for in our 2016 proposal but only paltry sum of N6.1 million was appropriated. We have however, commenced negotiation with AEPB in order to arrive at a mutually acceptable charges henceforth,” he added.

The situation however, irritated the committee which said it was unfortunate that the State House which it described as the symbol of the nation’s sovereignty and authority could be brought into such disrepute by owing sewage and electricity bills.

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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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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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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