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Corruption Allegations: Senate Orders Fresh Probe of Ex-CJN
The Senate Committee on Judiciary, Human Rights and Legal Matters, on Tuesday, received a fresh order to probe the erstwhile Chief Justice, Tanko Muhammed over the allegations of corruption raised against him by some justices of the Supreme Court.
14 Justices of the Supreme Court had recently leveled allegations of corruption against Tanko Mohammed, which the ex-CJN denied.
The President of the Senate, Ahmad Lawan, has then mandated the Committee led by Senator Opeyemi Bamidele to probe the allegations leveled against the ex-CJN and the crisis presently rocking the judiciary.
Lawan said, “ The chamber mandates the Senate Committee on Judiciary, Human Rights and Legal Matters to go ahead with its assignment in the quest to find a lasting solution to the matter by interacting with relevant stakeholders to address the complaints raised in the petition by the Justices of the Supreme Court.
The Senate “Mandate the Senate Committee on Judiciary, Human Rights and Legal Matters to interface with the relevant stakeholders in the three Arms of Government as well as at the Bar and on the Bench to collate aggregate views and positions on the short term, medium term and long term measures needed to decisively address the crisis facing the Judiciary, including the immediate fiscal intervention as well as long term and sustainable budgetary allocations, required for the optimal performance of the Judiciary, in line with global best practices; and urge the Senate to wish the Hon. Chief Justice well, following many years of meritorious service to the nation and to pray for his good health.”
The Senate noted that on Tuesday, June 21, 2022, Lawan drew the attention of the Senate to the media reports on the state of affairs in the Supreme Court of Nigeria, whereby Justices of the Court, through a petition signed by majority of them, raised issues bothering on deplorable welfare conditions and difficult working environment for the Justices, which was addressed to the Hon. Chief Justice of Nigeria and Chairman, National Judicial Council.
He also noted that the President of the Senate emphasised the need for the Senate to urgently step into the matter as any issue that concerns the Judiciary is an issue of urgent national importance that the Senate could not afford to sit idly by and allow to spiral out of control.
Accordingly, the President of the Senate directed the Senate Committee on Judiciary, Human Rights and Legal Matters to get involved in the matter with a view to unravelling the root cause of the recent development in the Judiciary and how best the Senate can intervene in order to address the concerns raised by the Justices
Lawan noted that Justices were taciturn and reticent in handling issues outside their judicial domain but resorting to such measures in order to protect the Judiciary, required the Senate to rise up to the occasion to ensure that their demands were addressed.
The committee chairman, Senator Bamidele said his team was taking steps to look into the matter as directed by the President of the Senate by making arrangements to interface with relevant stakeholders both at the Bar and on the Bench.
Bamidele said, “The poor welfare of Judicial Officers would affect the delivery of the judiciary in respect of their output and will prevent them from performing optimally.
“The sacred image of the Judiciary, which is the epicentre of the temple of justice should be preserved by the Senate through appropriate legislative measures in order to safeguard this highly revered institution and prevent it from being ridiculed.”
Bamidele added that it is a regret that the Hon. Chief Justice of Nigeria, Hon. Justice Ibrahim Tanko Muhammed on Sunday, June 27, 2022, voluntarily resigned his appointment on grounds of ill-health, leaving the most senior Justice to act as the acting Chief Justice of Nigeria. However, this development would not prevent the Committee from going ahead with its assignment in the quest to find a probable lasting solution to the matter.
He stated, “Though Hon. Justice Ibrahim Tanko Muhammed has stepped down as CJN, most of the issues raised by the Justices of the Supreme Court and other stakeholders within the Judiciary, still remain and need to be addressed urgently to prevent an eventual shutdown of the Judiciary.”
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2027: Lagos APC Guber Aspirant Rejects Hamzat As Consensus Candidate
All Progressives Congress (APC) governorship aspirant in Lagos State, Samuel Ajose, has declared that the endorsement of Deputy Governor Obafemi Hamzat as the next governor by Governor Babajide Sanwo-Olu and the Governance Advisory Council (GAC) will not stand.
GAC, regarded as the highest decision-making body of the All Progressives Congress in Lagos State, endorsed Hamzat, as its consensus candidate for the 2027 governorship election.
The decision was reached during a closed-door meeting held at Lagos House, Marina, indicating an early alignment within the ruling party ahead of the next electoral cycle.
Speaking after the session, GAC leader, Tajudeen Olusi, said members unanimously agreed on Hamzat, expressing confidence in his ability to sustain and build on the state’s developmental progress.
Olusi explained that the meeting was convened to deliberate on the party’s forthcoming primaries and assess the governorship position ahead of the 2027 elections.
Speaking about the GAC adoption of Hamzat as Lagos APC consensus 2027 governorship candidate on Arise News on Tuesday, Ajose said that Sanwo-Olu and others are trying to force President Tinubu into making a decision.
“I don’t think our president, Asiwaju Bola Ahmed Tinubu, is giving in to what they are doing.
“What they are just trying to do is to coerce him into taking a decision, and I don’t think that decision will stand.”
News
Reps Approve Tinubu’s Fresh $516.3m Loan Request
The House of Representatives has approved President Bola Tinubu’s request to borrow Five Hundred and Sixteen Million, Three Hundred and Thirty-three Thousand, seven ($516,333,007) US dollars in syndicated financing from Deutsche Bank AG.
The House approved it during the plenary on Tuesday in Abuja after the presentation of a report by the deputy chairman of the House Committee on Aids, Loans, and Debts Management, Abdullahi Rasheed.
The money is expected to fund the construction of sections of the Sokoto–Badagry Super Highway.
President Tinubu wrote to the lawmakers, seeking a $516.3 million loan from Deutsche Bank to support the construction of the road.
The president said the loan, to be sourced from a syndicated financing facility by Deutsche Bank, will fund sections 1, 1A, and 1B of the project, which covers about 120 kilometres.
Tinubu requested a resolution in line with Sections 16 and 21 of the Debt Management Office (Establishment) Act, 2011, to enable the federal government to secure the financing for Sections 1, Phase 1A, and Phase 1B of the project.
The project is a flagship initiative of Tinubu’s Renewed Hope Agenda and is targeted at enhancing national connectivity, improving the movement of goods across key economic corridors, and drastically shrinking travel time.
The 1,000-kilometre project will link Sokoto, Kebbi, Niger, Kwara, Oyo, Ogun, and Lagos states, connecting Illela to Badagry.
According to him, the financing arrangement will be backed by a partial risk guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).
He said the Federal government will provide counterpart funding of over N265 billion for land acquisition, compensation, and related infrastructure.
The former Lagos governor said the loan is structured for nine years and includes a three-year grace period.
It has an interest rate pegged at the Chicago Mercantile Exchange SOFR plus 5.3 per cent per annum.
Already, the Federal Executive Council has approved the financing plan.
News
EFCC Arrests Ex-Skye Bank Chair, Tunde Ayeni over Nbillions Fraud Allegations
Operatives of the Economic and Financial Crimes Commission have arrested a former chairman of defunct Skye Bank Plc, Tunde Ayeni, over alleged money laundering, misappropriation and diversion of funds amounting to N36.54bn and $30m.
Ayeni, a businessman, was arrested in Abuja on Thursday, and is currently being held at the commission’s facility.
The arrest followed an EFCC probe into alleged misappropriation and diversion of funds said to have been obtained from Polaris Bank through multiple entities linked to him.
“Operatives of the Economic and Financial Crimes Commission, EFCC, have arrested a former board chairman of defunct Skye Bank Plc and businessman, Tunde Ayeni, in connection with alleged money laundering, misappropriation and diversion of funds to the tune of N36,540,058,400.00 and $30m.
“Ayeni was arrested sequel to the investigation of the EFCC into alleged misappropriation and diversion of funds to the tune of N36,540,058,400.00 and $30m obtained from Polaris Bank Plc by different entities linked to him.
“The funds were loans obtained allegedly for specific investment projects but subsequently transferred to other entities’ accounts. Investigations showed that, though the loans were obtained for purposes such as finance of marine security activities, electricity distribution contract, estate development, they were diverted to the NITEL/MTEL asset acquisition through NATCOM account,” one of the sources said.
Another source said the commission is currently probing 12 companies allegedly linked to Ayeni, which it said were used to obtain the loans from Polaris Bank.
“Twelve different companies linked to Ayeni are being investigated by the EFCC. They are entities he allegedly used to obtain loans from Polaris Bank for his shady activities. The loans are depositors’ funds fraudulently obtained and frittered into diverse wasteful purposes. Ayeni will be arraigned in due course upon conclusion of investigations,” the source said.
When contacted, EFCC spokesman Dele Oyewale confirmed the arrest but declined to give further details.
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