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Falana Advises Osinbajo not to Sign 2017 Budget

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Falana
  • Falana Advises Osinbajo not to Sign 2017 Budget

A human rights activist, Mr. Femi Falana (SAN), has advised the Acting President Yemi Osinbajo not to sign the 2017 budget because it was illegally increased by the National Assembly.

He also said that President Muhammadu Buhari is not competent to sign the appropriation bill into law because he is on vacation.

Falana spoke in Ilorin, during a colloquium organised by the Movement for Genuine Change to mark the 50th anniversary of the creation of Kwara State.

He explained that once Buhari had transmitted a letter to the National Assembly that he was proceeding on vacation, all presidential powers had automatically been transferred to Osinbajo who is now the Acting President.

He stated that until the President writes another letter to the federal parliament at the end of his vacation, he cannot exercise the powers of his office.

Falana said, “The President is not competent to sign any bill into law while he is on vacation. The constitution did not envisage that a President who is on a vacation and an acting president, who is standing proxy for him will be exercising presidential powers simultaneously.

“To that extent, pending the resumption of duties by President Buhari, the Acting President, Prof. Osinbajo, is competent to sign all bills validly passed by the NASS.

“If President Buhari did not exercise powers during his vacation even though he was in the country, why would he want to do so while he is on medical vacation abroad?

“Instead of dissipating energy over the competence of an appropriation bill signed into law by the Acting President, Nigerians should subject the 2017 budget to scrutiny.

“We are therefore calling on the Acting President of the Federal Republic of Nigeria, Prof. Yemi Osinbajo, who is a professor of law not to endorse and sign the illegal appropriation bill of 2017 into law.”

Falana also explained that the National Assembly has no constitutional powers to increase the budget presented by Buhari.

He said the legislators erred constitutionally by increasing their share of the budget.

He also said the debate over Buhari’s medical vacation should henceforth centre on the urgent need for the Federal Government to equip hospitals across the country.

The Senior Advocate of Nigeria condemned any attempt to truncate Nigeria’s democracy and urged Buratai to properly investigate the coup rumour and prosecute the culprits.

He said, “The enemies of democracy are desperately trying to exploit President Buhari’s ill health to truncate the democratic dispensation.

“Notwithstanding, the glaring shortcomings of the fragile democratic process, the people should be allowed to take advantage of the democratic structures to take their political destiny in their own hands. On their own part, the political class should stop playing into the hands of potential coup plotters.

“While the decision of the Army chief to alert the nation of the devilish plot is appreciated, the authorites should proceed to fish out the coup plotters and their civilian collaborators with a view to trying them for treasonable felony.”

The human rights activist lauded the establishment of interest free banks, adding that those who are opposed to it should rather establish their own interest free bank. He stated that interest-free banks would compel commercial banks to reduce their interest rates on borrowers.

He also lamented the abject poverty in the country and called for better economic blueprint and management that would boost the economy.

He urged the Federal Government to stop releasing funds to state governments which are unable to account for the bailout funds and London/Paris Club loan refund made available to them to fund the payment of salaries of workers and other developmental projects.

He said the anti-graft agencies have a duty to investigate and bring to book those who were alleged to have cornered and diverted the public funds.

He called on labour unions to ensure that the funds were fully accounted for as it was meant to alleviate the sufferings of the working people.

An Afenifere leader, Chief Ayo Opadokun , who also spoke on the occasion, agreed with Falana that the National Assembly had no right to increase the budget.

He said, “The legislature does not have the legal authority to increase the budget because they are not the ones that will scout the revenues that will come in and they are not the ones to execute it.”

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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