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Magu: Senate Plans Fresh Showdown With Presidency

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  • Magu: Senate Plans Fresh Showdown With Presidency

The Senate has perfected plans to withhold the confirmation of nominees by President Muhammadu Buhari as part of the lawmakers’ strategies for a showdown with the Presidency.

This is notwithstanding the recent move by the Presidency to reconcile with the Senate.

The upper chamber of the National Assembly is considering placing an “embargo” on approval of appointments by the President until the legislature and the executive resolved the lingering crisis between them.

It was gathered on Sunday that the Senate would make the move based on the recent comment by Vice-President Yemi Osinbajo, who said he agreed with human rights lawyer, Mr. Femi Falana (SAN), that Section 171 of the Constitution empowers the President to make some appointments without National Assembly’s approval.

An impeccable source in the leadership of the Senate told our correspondent that a constitutional crisis was brewing in the country.

According to the source, the legislature and the executive have conflicting interpretation of the Constitution on their powers and responsibilities.

The source, who spoke on condition of anonymity, said while an intervention by the judiciary would be needed, the executive should go to court and not the legislature.

The Presidency and the Senate had clashed over the retention of Mr. Ibrahim Magu as acting Chairman of the Economic and Financial Crimes Commission despite the rejection of his appointment by the legislature.

The Senate had, on March 28, 2017, suspended the consideration of the 27 nominees by the President as Resident Electoral Commissioners of the Independent National Electoral Commission for two weeks.

The move was to protest the Presidency’s insistence on Magu as the acting Chairman of EFCC.

Osinbajo had ruled out the possibility of Buhari replacing Magu with another nominee, adding that the President did not find the DSS report, which was the basis for Magu’s rejection, as a strong reason to replace the EFCC boss.

He said despite being rejected twice, the government was still at liberty to renominate Magu.

Speaking to our correspondent on Sunday, the National Assembly source stated, “There is going to be a constitutional crisis in Nigeria because the Senate is now at a crossroads on what to do with the nominations made by the President for which he is seeking the confirmation by the Senate.

“Going by what Osinbajo said on Magu, it means that the nation’s Presidents from 1999, who sent nominations to the Senate for confirmation, had all breached the Constitution. Even Buhari, who has been sending nominations to the Senate, was not properly advised.”

Senate President Bukola Saraki had, at the plenary on Wednesday, read three letters from Buhari, seeking the confirmation of some of his appointments, including three non-career ambassadorial nominees,

The President, in another letter, sought confirmation of the appointment of five members for the board of the Central Bank of Nigeria.

The President also wrote the Senate separately to seek the confirmation of the appointment of the Chairman, National Electricity Regulation Commission.

Also, the lawmakers have yet to screen and confirm the two ministerial nominees sent to the Senate by Buhari.

The source added, “They may not (be considered, including those of the CBN, NERC and others just sent to the Senate, because of the claims made by the Vice-President. He spoke as if he was speaking the mind of the President.

The source added, “They (Presidency) should proceed to court to seek endorsement for their position. It is their business to go to the court, not the Senate’s. The Vice President has already stalled the nomination and confirmation processes by his unguarded statements.

“He somehow agreed with Falana that there is no need for legislative confirmation for the appointments. With the Section 171 claim by the Vice-President, the Senate is now at a crossroads on whether to go on with the confirmation (of appointments) or adopt the new claim by the Presidency.

“The National Assembly follows established laws, which have been used for all dealings with the other arms of government. If they now have a contrary view, they should go to court.”

But a member of the Senate expressed his anger over the plan in an interview with our correspondent.

The All Progressives Congress lawmaker lamented that some recent decisions by the chamber were not enjoying the support of most members.

The lawmaker said, “Between you and I, that is rubbish. The issue of Magu is rubbish; the issue of (the Comptroller General of Nigeria Customs Service) Hameed Ali is rubbish.

“If some of us insist on Magu’s removal and Ali should appear before the Senate in uniform, how does that put food on the table of Nigerians? And we are supposed to focus on what can improve the life of the average Nigerians; we are not doing that. But we are busy with Ali, Magu and other issues. It is so unfortunate.”

The Chairman, Senate Committee on Media and Public Affairs, Senator Sabi Abdullahi, could not be reached for comments on the latest development.

While he did not return our correspondent’s calls on Saturday, the lines indicated that they had been switched off on Sunday.

But the Vice-Chairman, Senator Ben Murray-Bruce, said the Senate would address all issues relating to the relationship between the lawmakers and the Presidency.

He said, “By Tuesday, Senator Sabi (Abdullahi) will speak on the issue as reflected by the joint decision of the Senate. Nobody can take any individual position (on the matter); the Senate will take the position.”

When asked to speak as the deputy spokesman for the Senate, Murray-Bruce replied, “Sabi will take that position because I have not gotten any official communication from the Senate and I don’t have any opinion (on the matter).”

President Buhari had set up a reconciliatory committee chaired by Osinbajo, which has as members ministers, who were at a time, members of the National Assembly as members.

The Senior Special Assistant to the President on National Assembly Matters (Senate), Senator Ita Enang; and Samaila Kawu (House of Representatives) are also members.

But while the Presidency said the panel had started to meet with the Senate leadership, Saraki had denied such meetings, saying the committee was not necessary.

The Chairman, Senate Committee on Media and Public Affairs, Senator Sabi Abdullahi, could not be reached for comments on Saturday and Sunday.

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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Lagos Eyes Investment Surge as Sanwo-Olu Unveils Growth Strategy

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Governor Babajide Sanwo-Olu of Lagos State is spearheading a bold push to attract significant investment inflow to boost the state’s economic growth.

During a Pre-Summit Investor Roundtable at the Africa Social Impact Summit (ASIS 3.0), held at Eko Hotels and Suites, the governor outlined strategic opportunities for investors.

With the theme “Invest Lagos – Investment Opportunities,” the summit was organized by the Sterling One Foundation in collaboration with the Ministry of Commerce, Cooperatives, Trade, and Investment.

Attended by business leaders, chambers of commerce, and industry captains, the event underscored Lagos’ potential as a hub for economic activity.

Sanwo-Olu highlighted Lagos’ positive economic outlook, citing an expanding population and sustainable infrastructure as key growth drivers.

Despite challenging business environments, the state’s economy has shown resilience, welcoming new investments while sustaining existing ones.

The governor emphasized reforms aimed at improving the ease of doing business. He mentioned that digitizing services had reduced bureaucratic hurdles, fostering a stable business climate.

Sanwo-Olu assured potential investors of the state’s commitment to creating a supportive environment that ensures returns and security for investments.

“In the last five years, Lagos’ GDP has grown by 50 percent,” Sanwo-Olu stated. “We aim to sustain this growth and ensure the gains of the past years are not reversed.”

Sanwo-Olu identified sectors ripe for investment, including transportation, tourism, health insurance, and waterways. He expressed the government’s dedication to advancing development plans in these areas.

Commissioner for Commerce, Cooperatives, Trade, and Investment, Mrs. Folashade Ambrose-Medebem, highlighted Lagos’ economic strides, noting that the state’s GDP had increased from N27 trillion to N41 trillion in five years.

She detailed strategic investments, particularly the allocation of N550.7 billion for infrastructure in 2024, and the commitment of N44.33 billion to food security initiatives.

Sterling Bank’s Managing Director, Mr. Abubakar Suleiman, pointed out that economic growth in Africa is often hindered by an unstable investment climate.

The summit aimed to build investor confidence by fostering trust and transparency in business environments.

“Lagos remains a leading destination for investors,” Suleiman noted. “The state provides clarity and access to markets, maintaining consistency in its investment strategies.”

Sanwo-Olu’s administration continues to focus on diversifying Lagos’ economy through strategic investments in various sectors.

The state’s proactive approach has positioned it as a global city and an emerging African financial center.

The governor’s initiative is expected to further solidify Lagos’ reputation as a prime investment destination, paving the way for sustained economic growth and development.

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Vice-President Harris Gathers Momentum as Democratic Nominee

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Vice-President Kamala Harris has secured the support needed to become the Democratic nominee for president.

This was after President Joe Biden announced he would not seek re-election, endorsing Harris as his successor.

According to CBS News, Harris has received endorsements from over 1,976 delegates, surpassing the threshold needed to clinch the nomination in the first round of voting at the Democratic National Convention (DNC) scheduled for August.

Delegations from at least 27 states have expressed full support, showcasing a strong backing across the nation.

In her address to campaign staff in Wilmington, Delaware, Harris expressed gratitude for the widespread support, adding that she committed to uniting the party and the country.

“We have 106 days until Election Day, and in that time, we have some hard work to do,” she stated.

Harris laid out her vision for America, contrasting it with that of her likely opponent, Donald Trump.

Speaking on the direction of the campaign thus far, she said “Our campaign has always been about two different versions of what we see as the future of our country. One focuses on the future, the other focuses on the past.”

She acknowledged the accomplishments of the Biden administration, highlighting her pride in serving as vice-president.

“My time serving as vice-president was one of the greatest honors of my life,” Harris said, underscoring her dedication to continuing the work they started.

In a phone call to his campaign team, Biden praised Harris, urging his supporters to rally behind her. “I’m hoping you’ll give every bit of your heart and soul that you gave to me to Kamala,” he said.

Despite stepping back from the race, Biden vowed to remain actively involved in supporting Harris and emphasized the importance of defeating Trump, calling him “a danger to this nation.”

Harris’s nomination marks a significant milestone, but challenges remain. The campaign will focus on addressing key issues such as healthcare, climate change, and economic inequality.

With millions of dollars pouring into her campaign since Biden’s announcement, Harris aims to capitalize on the momentum and build a coalition that appeals to a broad spectrum of voters.

As the DNC approaches, Harris is expected to formally accept the nomination, solidifying her position as the Democratic leader.

The coming months will be crucial as she works to unite the party and reach out to undecided voters. With her historic nomination, Harris stands poised to make a lasting impact on the future of American politics.

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President Declines Nomination, Endorses Harris for 2024

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In a significant political announcement on his X.com account, President Joe Biden has decided to forgo the opportunity to seek re-election in 2024, instead throwing his full support behind Vice President Kamala Harris.

The surprise move, shared with the public this morning, represents a pivotal moment in the Democratic Party’s journey toward the upcoming presidential election.

In his statement, Biden said that his choice to step aside is driven by a desire to concentrate on his remaining duties as President.

He expressed gratitude for the opportunity to serve alongside Harris, calling her selection as his Vice President in 2020 “the best decision” he has made. “My fellow Democrats,” Biden began, “I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term.”

The President’s announcement signifies a strategic shift in the 2024 election landscape. By endorsing Kamala Harris, Biden not only aims to consolidate support within the party but also to set the stage for a unified front against former President Donald Trump.

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year,” Biden declared. “Democrats — it’s time to come together and beat Trump. Let’s do this.”

This endorsement comes as a surprise to many, given Biden’s earlier commitment to seeking re-election.

However, it reflects a broader strategic maneuver to ensure party unity and strengthen the Democratic position in the face of a formidable opponent. By focusing on Harris, Biden aims to leverage her growing popularity and political acumen to fortify the party’s chances in the upcoming election.

Kamala Harris, who has served as Vice President since January 2021, will now be thrust into the spotlight as the presumptive Democratic nominee.

Her campaign is expected to build on the legacy of the current administration while addressing key issues facing the nation.

The move also raises the stakes for the Republicans, who will need to prepare for a robust campaign from a seasoned political leader in Harris.

As the 2024 election cycle ramps up, Biden’s endorsement is likely to reshape the dynamics of the race, influencing both Democratic strategies and Republican responses.

The coming months will be critical as Harris and her team work to solidify their platform and rally support from voters across the nation.

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