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Reps Will Revisit Constitution Amendment To Accommodate Agitations For Restructuring -Dogara

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Speaker of the House of House of Representatives, Hon. Yakubu Dogara, has said that the House will revisit voting on the Constitution amendment in order to address agitations for restructuring of Nigeria.

Delivering his welcome address at the resumption of plenary on Tuesday, the Speaker said all questions and issues regarding restructuring can only be address through the legislature.

“Do we have a legislative response to the issues that have been thrown up? Is the National Assembly involved in the debate? Can restructuring take place outside the existing legal order? Indeed all the arguments about restructuring are at the end of the day, legislative issues.”

” It may be necessary in due course for the National Assembly to have a second look at the issues that have been thrown up. The National Assembly as a representative and product of the people cannot act contrary to the wishes and aspirations of its constituents. We need to sift all the ‘noise’ and find out what exactly a majority of our people actually want? This is a responsibility we cannot outsource.”

Going forward, Dogara said, “it is my view that we need to revisit some aspects of the voting on Constitution Alteration. Luckily we still have the legislative window of conferencing with the Senate, where we have differences.”

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He argued that it has become necesary to emphasise that Nigeria is a constitutional democracy with a clear legal framework for resolving differences that normally arise among citizens, between citizens and government as well as between the structures and arms of government.

“Make no mistake, as representatives of the people we have a duty to champion the protection and preservation of the rights of our constituents and peoples. We are very conscious and indeed jealous of the fundamental rights provided under our Constitution as well as the Human and Peoples Rights under the African Charter.”

On the NGO regulation Bill being considered by the House, the Speaker stated that public criticism of the content of the Bill is a welcome development and that it is the reason why every Bill is subjected to Public Hearing so that the inputs of stakeholders can be obtained to ensure public buy in.

However, according to him, “when opinions are targeted at disparaging the institution of the legislature then it becomes imperative to interrogate the motives driving such, especially when this emanates from those who should know.”

“Everyone should understand that the principal objective of the NGO Regulation Bill is to inject transparency, accountability and prevent the subversion of national security from both within and without.”

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“No one can nor indeed should gag the operations of NGOs in Nigeria, but just as they aspire for this freedom, it must be stated that freedom does not come without responsibility as there is no such thing as freedom to be irresponsible. There are also desperate attempts to instigate religious bodies and cultural Organizations to oppose the Bill by spreading falsehood that they are the target of this bill.”

“For the avoidance of doubt, let me state once again that Churches, Mosques, Esusu, Market Women Associations as well as Local Quasi Financial Institutions are NOT NGOs and thus the bill has nothing to do with their operations.

“The legislative process cannot be short circuited. The National Assembly cannot be intimidated into abandon its sacred legislative duties of providing a platform for Nigerians to agree or disagree on any proposed legislative measure. This openness and transparency is what the NGOs have always canvassed and promoted and they should therefore embrace this opportunity to interrogate the issues with open arms.”

Dogara also urged President Muhammadu Buhari to implement policies necessary to sustain a sound and productive economy which the National Assembly highlighted in the Resolutions sent to the President earlier should be continued with even greater vigour to ensure that “our people enjoy the positive impact of the exit. We shall in this respect make our oversight of the Executive branch more robust, effective and informed.”

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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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