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Atiku Hails Signing of N/East Bill into Law

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  • Atiku Hails Signing of N/East Bill into Law

Former Vice President Atiku Abubakar has praised President Muhammadu Buhari for signing the North-East Development Commission (NEDC) Bill into law.

Atiku, in a press statement signed by his media office on Friday, described the conception of the bill as an important initiative of the National Assembly.”

The Waziri Adamawa explained that owing to the humanitarian crises in the North-East region brought about by the Boko Haram menace, anybody with empathy would appreciate the necessity of such development commission at this time.

According to him, the North-East had suffered the greatest economic and social devastation on account of Boko Haram terrorism that has been ravaging the region since 2010.

Atiku, whose American University of Nigeria (AUN) has been at the fore-front to containing the humanitarian problems in the North-East, said he was personally touched and devastated by the large scale damage caused to education by terrorist attacks, which led to alarming number of out-of-school children in the area.

Atiku added that “the Boko Haram terrorists have also disrupted social and economic life of our people.”

He noted that, because of terrorism, farming activities which largely accounted for people’s sources of livelihood, have been brought to a halt, thereby forcing the victims to depend on humanitarian aid for survival.

Against this background, the former Vice President said President Buhari and the National Assembly deserved commendation for what he called this “significant initiative.”

He, however, noted that the success of the Commission would depend largely on the patriotism, commitment and selflessness of those to be appointed to manage the implementation of its set objective.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market.

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Mismanagement of Public Funds and Resources Will Destroy Nigeria, Says Stakeholders

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Buhari in Port Harcourt

Some concerned stakeholders have said the broad-based financial misappropriation, abuse of public office by Public Officeholders and unchecked borrowing will destroy the nation’s present and future if not checked.

According to Auwal Musa, the Executive Director, CISLAC, who spoke at a stakeholders’ dialogue on ‘Policies, Gaps and Alternatives in Fiscal Transparency in Private Sector Governance,’ organised by Civil Society Legislative Advocacy Centre (CISLAC), and Transparency International (TI), with support from OXFAM’s country office in Nigeria, abuse of power and financial recklessness as been going on for far too long.

Musa said, “This has been going on for too long, and every singular effort from the citizens is termed as hate or unpatriotic. Meanwhile, the consequences of this anomaly are staring us in the face on a daily basis and are on the increase. Increased poverty; banditry allegedly occasioned by rising unemployment; and unpatriotic citizens trooping into leadership positions to perpetuate the looting and misappropriation due to no oversight and punitive sanctions, not to mention health, infrastructure and societal decay. The list is inexhaustible.

He also implored the Government that in order to reduce the excessive misuse of public resources, mismanagement of finances and strengthen the financial management system, the holes that encourage people to evade and undermine the collection of taxes must be bridged and in-depth economic improvement devised to close policy gaps.

There are many areas in which the government can increase its revenue drive. For instance, in the Oil and Gas sector, there are a lot of gaps as a result of lack of a clear legal framework through the PIB, which will enable the sector to be more efficient, transparent and competitive. Again, the oil theft needs to be blocked; other areas like maritime revenue can be harnessed in these sectors.

“Also, the government should block the areas where revenues are supposed to be collected and are not collected. For instance, the audit report clearly shows how the government is losing revenue.” he said.

The stakeholders urge policymakers to look for other sources of revenue that can guarantee development in Nigeria.

Also, speaking at the event was the Programme Manager, Tax, Justice, Environment and Conservation of Nature, CISLAC, Chinedu Bassey, who said one of the reasons to strengthen the Nigerian financial management system is to stop people from stealing and mismanaging resources meant for development.

Iheme Madukairo, the Manager, Large Tax Audit, Federal Inland Revenue Service (FIRS), advised Nigerians who evade taxes to stop such act that the law will take its course.

He said “Enforcement is out there, sleeves are rolled up to do the job that we are mandated to do by the act and sooner or later, we will catch up with them. The sanctions have also increased by virtue of the finance act. The penalty has been increased, once it is found out that it is a deliberate act to breach the law, the law will take its course.

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Lai Mohammed Says Buhari Has Recovered Over N800bn in Looted Funds

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President Muhammadu Buhari

Buhari Has Recovered Over N800bn in Looted Funds

President Muhammadu Buhari government has recovered over N800 billion looted by corrupt Nigerians since the beginning of this administration in 2015.

Alhaji Lai Mohammed, the Minister of Information and Culture, disclosed this on Tuesday at a press conference held in Abuja.

He said, “This administration’s fight against corruption is as strong as ever, and we have the records to back up this claim.

“This administration has recorded over 1,400 convictions, including high profile ones, and recovered funds in excess of N800bn, not to talk of forfeiture of ill-gotten properties.”

President Muhammadu Buhari has made recovery of Nigeria’s stolen assets one of his priorities since he became president in 2015.

Several of Nigeria’s untouchables have been convicted despite political experts and social commentators saying the war against corruption should not be only against opposition but also against those in the ruling party that seems to have been overlooked.

Still, the ruling party has insisted that members of the party have been convicted and one of such is Kalu.

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President Buhari Names Railway Stations After Tinubu, Jonathan, Fashola, Others

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Buhari Names Railway Stations After Prominent Nigerians

President Muhammadu Buhari on Monday named railway stations after Tinubu, Jonathan and other prominent Nigerians.

In a statement released through the Ministry of Transportation and signed by Eric Ojiekwe, Director, Press and Public Relations of the Ministry, the Minister of Transportation, Rotimi Amaechi, disclosed that the deserving citizens have contributed to the progress and development of their respective communities and the nation at large.

According to the statement, for the Lagos-Ibadan with extension to the Lagos Port Complex at Apapa railway station, the beneficiaries are:

Bola Ahmed Tinubu (Apapa station)

Mobolaji Johnson (Ebute Metta Station)

Babatunde Raji Fashola (Agege station),

Lateef Jakande (Agbado station) and

Prof. Yemi Osinbajo (Kajola station).

Others are Funmilayo Ransome-Kuti (Papalanto station)

Prof. Wole Soyinka (Abeokuta station),

Aremo Segun Osoba(Olodo station)

Chief Ladoka Akintola (Omio-Adio station)

Chief Obafemi Awolowo (Ibadan station)

and Chief Alex Ekwueme (Operation Control Centre)

For the Itakpe-Ajaokuta/Aladja-Warri Railway, the names are:

Alhaji Adamu Attah (Itakpe station)

Dr. Olushola Saraki (Ajaokuta station)

Admiral Augustus Aikhomu (Itogbo station)

Brigadier General George Innih (Agenebode station)

Anthony Eromosele Enahoro (Uromi station)

Chief Tom Ikimi (Ekehen station) and

Brig. Gen. Samuel Osaigbovo Ogbemudia (rtd) (Igbanke station)

Others according to the statement include:

Goodluck Ebele Jonathan (Agbor Station Complex)

Brigadier General David Ejoor (Abraka station)

Micheal Ibru (Opara station)

Alfred Rewane (Ujevwu station) and

Vice Admiral Mike Akhigbe (Railway Village, Agbor).

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