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Court Strikes Down N800 Billion Rivers Budget Approved by Pro-Fubara Lawmakers

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Justice James Omotosho of the Federal High Court Abuja has nullified the N800 billion budget passed by the Edison Ehie-led group of the Rivers State House of Assembly.

The court upheld the suit filed by the Assembly and Speaker Martin Amaewhule against Governor Siminalayi Fubara, seeking an injunction to restrain the governor from frustrating the Assembly under Amaewhule’s leadership.

Amidst a political crisis and the demolition of the Assembly Complex on December 13, 2023, Governor Fubara presented the 2024 budget proposal of N800bn to a limited group at the Government House in Port Harcourt. The Assembly Complex was demolished by the state government, and a court order restrained Ehie’s contender, Martins Amaewhule, from using it.

Ehie and pro-Fubara lawmakers passed the budget, emphasising its focus on economic development and addressing socio-economic inequality. Following Ehie’s resignation, Amaewhule was reinstated as the Assembly’s Speaker after discussions with President Bola Tinubu in Abuja.

Amaewhule and 25 lawmakers loyal to ex-Governor Nyesom Wike demanded that Fubara present the 2024 budget estimates afresh, leading to a legal dispute.

On Monday, Ken Njemanze, counsel for Amaewhule, accused Governor Fubara of interfering with the state lawmakers’ functions, violating the doctrine of the separation of powers.

Njemanze, therefore, sought an “order of injunction restraining the 1st to 10th defendants (NASS) from entertaining any request from the 11th defendant (Fubara) to take over the performance of the functions of Rivers Assembly, including its role to make laws for the peace, order and good government of Rivers in respect of matters that are within its constitutional and legislative competence.

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“An order of mandatory injunction compelling the Inspector General of Police (whether by himself or by officers and men of the Nigeria Police Force under his command) to provide and continue to provide adequate Security and protection for the 1st Plaintiff under the leadership of the 2nd Plaintiff as the Speaker of the Rivers State House of Assembly for the purpose of transacting the business of the 1st Plaintiff.

“An order restraining Fubara including the 12th, 13th and 14th defendants from withholding any amount standing to the credit of Rivers Assembly in the state’s Consolidated Revenue Fund, including salaries and emoluments due and payable to the speaker, deputy speaker and other members of the house as well as to the clerk, deputy clerk and other members of staff of the assembly,” the plaintiff’s prayed among other reliefs.

Alternatively, the plaintiff sought an injunction restraining the respondents from withholding funds essential for the Assembly’s operations, encompassing salaries, allowances, emoluments, and meeting financial obligations, regardless of their description.

Initially, Justice James Omotosho noted that the 17th defendant, Ehie, stated through his attorney, Oluwole Aladedoye, that he had resigned from the Rivers State Assembly.

Omotosho asserted that Ehie lacks the capacity to sue or be sued in this case, given his resignation as the Speaker and a member of the Assembly.

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Addressing the preliminary objection challenging his court’s jurisdiction, Omotosho affirmed that the suit was properly constituted before him.

Disagreeing with the plaintiffs regarding the governor’s powers, Omotosho noted that the authority to enact laws in a state is shared among the executive, the state Assembly, and local government areas.

Concerning the National Assembly taking over State Assembly functions, the judge clarified that such a scenario could only occur when state lawmakers are no longer conducting business, as stipulated in the 1999 Constitution and other relevant laws.

“There is nothing before this court showing that the River State House of Assembly is unable to carry out its functions,” Justice Omotosho said, and ruled that the issue was resolved in favour of the plaintiffs.

Justice Omotosho declared the removal of the Clerk of the Rivers State House of Assembly, Emeka Amadi, who was redeployed by the Rivers State Head of Service, null and void, saying its invalidity in the eyes of the law.

Highlighting constitutional provisions, Omotosho clarified that the appointment of a Clerk and Deputy Clerk is the prerogative of the Rivers State Speaker, subject to confirmation by lawmakers. Their appointment and remuneration, although civil servants, are governed by the Rivers State House Of Assembly Law.

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The judge asserted that the first plaintiff is entitled to funds in the credit of Rivers Assembly in the state’s Consolidated Revenue Fund, including salaries and emoluments.

He stressed that such entitlement cannot be halted by anyone, including the governor.

 

 

 

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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