Connect with us

News

Hope rises for Nnamdi Kanu, Sunday Igboho as AGF says govt may consider political solution

Published

on

 

The Federal Government may consider all kinds of solutions, including political ones, in order to resolve the crisis surrounding separatist agitations in Nigeria.

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), gave the indication on Wednesday in an interview with journalists in Abuja on the pardon granted to Boko Haram insurgents while leaders of other separatist movements are facing prosecution.

The minister also spoke on other issues, including the current controversy between the Federal Government and the Nigerian Governors Forum over the Paris Club Refund, international arbitration involving Nigeria and Process and Industrial Development Company and Sunrise Power Transmission Company of Nigeria Limited and the Mambila Power Projects.

When journalists sought to know whether the Federal Government was not disposed to a political solution to the separatist agitations of the leader of Indigenous People of Biafra, Nnamdi Kanu; and Yoruba nationalist, Chief Sunday Adeyemo, also known as Igboho, Malami said although such consideration was not yet on the table, the government would not mind taking a shot at it.

“As far as the security situation is concerned and as far as governance and this administration is concerned, you cannot rule out all possibilities. But then, there has to be an approach for government to consider,” he said.

READ  Two final year students jailed, forfeit cars over cyber crimes offences

The minister, however, said he cannot be pre-emptive at this stage by stating clearly that reconciliation was being considered without an approach being made.

He said, “We will look into it (approach) for the purpose of looking at its weight, the authenticity of it, the good faith associated with it and then bring about the considerable factors relating to the negotiations or otherwise.

“So, it is not a conclusion that one can outrightly make without juxtaposing associated facts relating to the reconciliation; there has to be an approach and then a counter consideration.”

Speaking on the payment of $418 million consultancy fees to contractors who allegedly helped the 36 state governments to recover excess deductions from the Federation Account during the payment of the Paris Club loans, Malami berated the governors for “approbating and reprobating at the same time.”

He explained that the governors cannot come to deny liability in 2021, having consented to it and made several payments.

READ  I’m innocent, Bill Cosby proclaims after Supreme Court overturns sex assault conviction

While arguing that the Federal Government was obligated to obey court orders, he said the current litigation by governors over the payment of consultancy services fees was belated.

The minister said, “I have told you earlier that the judgment in contention was a 2013 judgment and it was a consent judgment in which ALGON and governors forum consented to a judgment.

“So what judgment are you talking about in 2021 against the background of the fact that they consented to the judgment in 2013, against the background of the fact they have been effecting payment as far back as 2013, against the background of the fact that they have written in there right, under their respective hands, committing to the payment of this consultancy fee we are talking about?

“So, I think it is logical for all to see that they were indeed, submissive and they were indeed in agreement, and they have indeed conceded and consented to a judgment that created the liability they are now complaining about.

READ  Tinubu deserves commendation for suspending Betta Edu – Atiku

“They have probated at a point in 2013 by way of submitting to judgment and then effecting payment over time. And in fact, among the claims relating to Paris Club that has been presented before the Federal Government over time is a component relating to consultancy fees.

“So, what they are doing is as good as approbating and reprobating at the same time conceding in 2013, and objecting 2021”.

Malami denied any relationship with the contractors or having any personal interest, saying his duty was to protect the Federal Government from unnecessary liabilities.

According to him, since the Federal Government was made a party to the suit, there is the possibility that the assets of the Federal Government can be seized to pay the debt.

Malami said, “So as far as the payment is concerned, the Office of the Attorney-General is not in any way involved. But the fact remains that judgments are meant to be enforced and then you are not expected to be speculative as far as the enforcement are concerned.”

News

Five pro-Wike commissioners quit Fubara’s cabinet

Published

on

By

 

A fresh wave of mass resignations has hit the Rivers State Government headed by Governor Siminalayi Fubara after five more commissioners, who are loyal to the Minister of the Federal Capital Territory (FCT), Nyesom Wike, have resigned from the governor’s cabinet.

 

Those who resigned are Chinedu Mmom (from the Ministry of Education), Gift Worlu (from the Ministry of Housing) and Jacobson Nbina (from the Ministry of Transport).

 

Inime Aguma resigned as the Commissioner for Social Welfare and Rehabilitation saying “there is no room for progressional development in the work place”.

 

Austin Ben-Chioma also resigned as the Commissioner for Environment “due to the political crisis befalling our dear Rivers State and other personal reasons”.

 

Mmom and Worlu cited a toxic working environment as the main reason for their exit while Nbina cited “unresolved political crisis” in the state as his reason for exit.

 

The five persons were among the commissioners who first resigned from the governor’s cabinet last December in the wake of the political crisis in the state but were readmitted into Fubara’s cabinet following President Bola Tinubu’s intervention.

READ  Two final year students jailed, forfeit cars over cyber crimes offences

 

Earlier, three commissioners, Zacchaeus Adangor, Emeka Woke and Alabo George-Kelly also resigned from the Ministries of Justice, Special Projects and Works respectively.

 

Governor Fubara recently announced a plan by his administration to set up a panel of inquiry to probe the governance of the state under the Wike administration.

The governor accused his opponents of deliberately sabotaging his administration while he was hoping that the issue in the state would be resolved amicably.

 

The move was the latest twist in the political crisis rocking the oil-rich state. The development has seen a deepening of the feud between Fubara and the state House of Assembly.

 

Last week, lawmakers loyal to the governor elected a new speaker. Fubara had also issued an executive order relocating the sitting venue of the Rivers State House of Assembly to the Government House, citing safety concerns.

 

The feud is due to the fallout between Fubara and his predecessor and current Minister of the FCT Nyesom Wike. President Tinubu had waded into the crisis last year but the imbroglio appears to be far from over.

READ  Twitter Ban: Malami orders prosecution of alleged violators

Continue Reading

News

Atiku condemns FG’s plan to use N20trn pension fund for infrastructure projects

Published

on

By

 

Atiku Abubakar, former vice-president, has condemned the Federal Government’s plan to use Nigeria’s pension fund to finance infrastructure projects.

 

In a post on X on Wednesday, Abubakar said it is a misguided initiative that must be stopped immediately.

 

On May 14, Wale Edun, the finance minister and coordinating minister of the economy, said the government has unveiled a strategic plan to harness the N20 trillion pension fund and other locally available resources for infrastructure development in Nigeria.

 

Edun said it was a significant step towards driving economic progress and addressing critical infrastructure needs.

 

However, Abubakar warned the decision could have devastating effects on the lives of Nigerians who have worked hard, saved money, and now rely on their pensions after retiring from service.

 

“My attention is drawn to a disturbing disclosure by the finance minister and coordinating minister of the economy, Wale Edun, as he addressed state house correspondents after the federal executive council (FEC) meeting at the presidential villa on Tuesday, 14 May,” Abubakar said.

 

READ  Court shifts Nnamdi Kanu’s trial to January 18, 2022

“There is, according to the minister, a move by the federal government to rev up economic growth by unlocking N20 trillion from the nation’s pension funds and other funds to finance critical infrastructure projects across the country.

 

“The minister has indicated that although “the initiative is expected to attract foreign investment interest over time”, domestic savings are his ‘immediate focus’ for now.

 

“He provided no useful details, such as the percentage of the funds to be mopped up from the pension funds, for example.

 

“Even at that, this move must be halted immediately!  It is a misguided initiative that could lead to disastrous consequences on the lives of Nigeria’s hardworking men and women who toiled and saved and who now survive on their pensions having retired from service.

 

“It is another attempt to perpetrate illegality by the federal government.”

 

FG MUST ABIDE BY PROVISIONS OF PENSION REFORM ACT 2014

READ  UPDATED: Appeal Court sets aside tribunal judgement, upholds Adeleke as Osun gov

Abubakar said the government must be cautioned to act strictly within the provisions of the Pension Reform Act of 2014 (PRA 2014), along with the revised Regulation on Investment of Pension Funds Assets issued by the National Pension Commission (PenCom).

 

“In particular, the federal government must not act contrary to the provisions of the extant Regulation on investment limits to which Pension Funds can invest no more than 5% of total pension funds’ assets in infrastructure investments,” Abubakar said.

 

“I note that as of December 2023, total pension funds assets were approximately N18 trillion, of which 75% of these are investments in FGN Securities.

 

“There is NO free Pension Funds that is more than 5% of the total value of the nation’s pension fund for Mr. Edun to fiddle with.”

 

He said there are no easy ways to address the challenges of funding infrastructure development in Nigeria.

Abubakar added that the minister needs to implement the necessary reforms to regain investor confidence in the Nigerian economy and to leverage private resources, skills, and technology.

 

READ  TERRORISM: FG to prosecute sponsors soon — Malami

 

Continue Reading

News

BREAKING: Nigeria’s inflation rate rises to 33.69%

Published

on

By

 

The National Bureau of Statistics (NBS) says Nigeria’s inflation rate rose to 33.69 percent in April, as prices of food and non-alcoholic beverages soared.

 

The NBS shared the inflation data in its consumer price index (CPI) report on Wednesday.

 

“Looking at the movement, the April 2024 headline inflation rate showed an increase of 0.49% points when compared to the March 2024 headline inflation rate,” the NBS said.

 

“On a year-on-year basis, the headline inflation rate was 11.47% points higher compared to the rate recorded in April 2023, which was 22.22%.”

 

Details later…

READ  Busted: EFCC smashes Yahoo Yahoo Academy, arrests proprietor, 16 ‘trainees’ in Abuja
Continue Reading

Trending News