Politics
Nigerian Senate to bring in CBN gov over N30trn Ways and Means loan
Published
10 months agoon
By
Ekwutos BlogThe Senate Ad-hoc Committee probing the N30tn Ways and Means loans to the Federal Government has discovered 13 infractions in the process of obtaining the loan.
The Senate also disclosed that it would summon the governor of the Central Bank of Nigeria, Olayemi Cardoso.
This came to the fore when the Chairman of the Committee, Senator Isah Jibrin (Kogi East) and other members of the committee met with officials of the CBN at the National Assembly on Tuesday.
The team of CBN officials was led by Bala Bello.
The ad-hoc committee is probing the disbursement and usage of the N30 trillion Ways and Means loan obtained during the administration of former President Muhammadu Buhari from the CBN.
Jibrin said the former governor of the CBN, Godwin Emefiele, unilaterally signed billions of naira in the approval of different tranches of the loan without following due process.
The Kogi lawmaker stated that Emefiele illegally signed billions of naira in 13 documents.
The committee chairman said Emefiele ought to have approved the loans in conjunction with the CBN board of directors but the latter unilaterally signed the loans which was contrary to the provisions of the CBN Act.
Jibrin said, “The committee of governors ought to be the signatories to the Ways and Means account but in the document we have here, the governor signed billions of naira in about 13 places.
“We want to know the total figure of the Ways and Means. We want to know the summation of the figure.”
The committee chairman further noted that documents available to him on the Anchors Borrowers Programme implemented by former President Buhari’s administration indicated that about 70 per cent of the programme has been executed, leaving 30 per cent.
He said, “On the Anchor Borrowers Programme, you have done well. You did about 70 per cent but we must ensure the completion of the remaining 30 per cent.”
Jibrin, however, informed them that the committee will summon the CBN governor, Cardoso, to give a detailed account of what he knew about the Ways and Means.
“Your governor who took over from Emefiele, should be able to stand for Emefiele because he took over from him including his assets.
“Emefiele should provide an explanation to the existing governor. We will invite the governor and in case he does not have a response, he will contact Emefiele,” he added.
You may like
Politics
Councillors impeach two Edo LG Chairmen
Published
3 hours agoon
January 2, 2025By
Ekwutos BlogCouncillors impeach two Edo LG Chairmen
Two chairmen in Uhunmwonde and Orhionmwon local government areas of Edo State have been impeached by their councillors.
The events were marked by accusations of violence, illegal actions, and political interference.
A similar situation also unfolded in Owan East, where the chairman and his deputy faced what they described as an unconstitutional impeachment process.
In Uhunmwonde, the impeachment process turned violent as armed men attacked bystanders, leaving several people injured.
The council chairman, Kenneth Adodo, accused the attackers of being policemen sent from the government house.
In Orhionmwon, the councillors impeached the Leader of the House, Daniel Osariemen, on Wednesday.
They claimed Osariemen was working to remove the council chairman, Newman Ugiagbe, and his vice, Midwest Ogbebor.
Following his impeachment, Osariemen allegedly led unknown persons to take over the council secretariat in Abudu.
He reportedly resumed work there as the acting chairman, but Ugiagbe dismissed his actions as illegal.
In Owan East, the chairman, Prince Aminu Okodo-Kadiri, and his vice, Clement Ojebuovbo, were also impeached.
Okodo rejected the impeachment, calling it unlawful and saying it did not follow proper procedures.
He argued that the law requires a seven-member investigative panel to handle such cases, but no panel was formed. He also claimed he was not given a chance to defend himself.
Okodo further pointed out that the mace used during the impeachment was not the official one for the Owan East Council, which he said made the process invalid.
He accused two suspended councillors of being part of the impeachment, even though they had not been reinstated officially.
The chairman also responded to allegations from the state governor that council chairmen misused ₦50 million meant for salaries.
Okodo said these claims were false, explaining that monthly salary expenses in most councils are higher than ₦50 million.
He added that all salaries had been paid up to November and that bank records showed no mismanagement of funds.
Okodo described the impeachment as politically motivated and vowed to take legal action.
He expressed confidence that the court would overturn the decision and restore his position.
Politics
Breaking News: I am An Igbo Man, Anioma is Igbo, Nothing like Delta Igbo. We are all Igbos – Ifeanyi Okowa
Published
5 hours agoon
January 2, 2025By
Ekwutos BlogBreaking News: I am An Igbo Man, Anioma is Igbo, Nothing like Delta Igbo. We are all Igbos – Ifeanyi Okowa
Governor Okowa said there is nothing like delta igbo or Anioma igbo. He stated that we are all igbo people.
Igbo language to be included in school curiculum in all schools in all the igbo areas in delta state.
Me:
Okowa Dalu…Bini Land grabbers…Cry more…how can you even be claiming someone who does not understand your language, practice ur culture and bear your naive names… Anioma Igbo.
Follow us Sylvester Joseph
Almighty Unify IGBOS Now Deputy Jesus
Politics
JUST IN: Governor Sim Fubara Signs N1.1 trillion Rivers state 2025 Budget Into Law.
Published
6 hours agoon
January 2, 2025By
Ekwutos BlogJUST IN: Governor Sim Fubara Signs N1.1 trillion Rivers state 2025 Budget Into Law.
His Excellency, Governor Siminalayi Fubara, has signed into law the 2025 Rivers State Appropriation Bill, totaling 1.1 trillion naira.
Below are the statements of His Excellency as he signed into law the Appropriation Bill, tagged “Budget of Inclusive Growth & Development.”
“Let me first thank the Rivers State House of Assembly for doing a very diligent job and also realizing that what we have ahead of us is to continue to work for Rivers people. So, I want to thank you for working very, very hard and ensuring that we hit the ground running in this new year.”
“I want to say this, maybe for some persons somewhere who are still mixing up issues: we have only one Assembly, and that Assembly is headed by Rt. Hon. Victor Oko Jumbo. A group of friends about nine or ten months ago embarked on what they call a “Sinbad Journey.” Halfway through the journey, while they were coasting, they realized they were entering into the den of devils and sharks. They now retrieved, but it is too late. The truth is, we are not going back. We have given enough room for peace. As it stands now, our majority target is the interest of Rivers State and to continue to defend the integrity of governance. As far as I’m concerned, we have moved on.”
“Let me thank everyone who made this possible. We made a promise to you that we would continue to keep the interests of Rivers State first. So now that this bill has been signed, I can assure you that every projection in it will be kickstarted so that the record of performance accorded to this administration in the year 2024 will be surpassed in this year.”
“Let me thank my management team, that is, my exco, for all the support, most especially my deputy and everyone—the Commissioner for Finance, Budget, and the acting Internal Revenue Chairman—for the wonderful job they did last year. We expect you to do more because we have a bigger task ahead of us.”
“We have made some promises to our people in education, health, and agriculture. We must ensure we make a good impact, just like we have done in the areas of road infrastructure and other aspects of the economy.”
“Let me, on this note, thank everyone and wish you a happy and prosperous New Year ahead as we continue the journey of making Rivers State great again.”
“Thank you.”
– John Martins®️
Thursday, 02 January, 2025
Vikings who invaded Britain were actually returning to their homeland
Hailey Bieber is slaying the post-baby body game! Just four months after welcoming her first child with hubby Justin Bieber, she’s showing off her flat tummy in a stunning new photo.
Afrobeat Icon Wizkid Achieves Historic 8 Billion Streams on Spotify, Pioneering African Artists
Trending
- Politics10 months ago
Nigerian Senate passes Bill seeking the establishment of the South East Development Commission.
- Business11 months ago
Inflation hits record high of 29.90% on naira weakness
- Politics7 months ago
BREAKING: Federal Gov’t Offers To Pay Above N60,000, Reaches Agreement With Labour
- SportsNews10 months ago
Olympic Qualifiers 2024: CAF Confirms Dates For Super Falcons Vs Banyana Banyana
- Politics10 months ago
Governor Hope Uzodinma’s New Cabinet In Imo: The Gainers, The Losers
- Entertainment11 months ago
American Singer Beyonce makes history as first Black woman to top country chart
- Trending2 months ago
NYA demands release of ‘abducted’ Imo chairman, preaches good governance
- Politics7 months ago
BREAKING: Organized Labour suspends strike for one week.