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My Re-Election Bid, Not Fraud, Reason I’m Being Victimised – Adesina
Despite the clean bill of health given to the President, Africa Development Bank, Adewumni Adesina by the board of directors of the bank, the United States is insistence of conducting a fresh probe
Adesina has however, said the move to get him out, perhaps at all costs, is linked to his re-election bid and not as a result of any fraudulent action on his part.
The facts, which formed the basis of the committee’s submission to the board of governors after its preliminary examination notwithstanding, the U.S government still expressed “deep reservations about the integrity of the Committee’s process”.
In its letter of May 22, 2020 to the Chairman of the Ethics Committee, the U.S. government, through the Secretary, Department of Treasury, Steven Mnuchin, faulted the committee’s decision to “totally exonerate” Adesina of all allegations.
Noting that it was not yet time to make such a declaration, Mr Mnuchin called for a fresh “in-depth investigation of the allegations against Adesina.”
“We have deep reservations about the integrity of the Committee’s process. Instead, we urge you to initiate an in-depth investigation of the allegations using the services of an independent outside investigator of high professional standing. We emphasise that undertaking an independent evaluation of facts, at any stage, is not at odds with a presumption of innocence,” Mr Mnuchin wrote.
“The allegations set out in the whistleblower complaint submitted on January 19, 2020 raise significant issues that all relevant governing bodies of the Bank must handle with the utmost care, using all tools available to them,” he added.
But, a review of the confidential memo submitted by Mr Adesina to the committee on April 8 detailing a point-by-point response to all the 16 allegations, appears to have given an inkling into the possible reasons why the U.S government is insisting on a fresh and deeper probe into the matter.
Adesina’s memo suggests the allegations by the “Group of Concerned Staff” may have political undertones linking his bid for re-election in the forthcoming AfDB Presidency elections in August.
Recall that on May 5, the ethics committee of the board of directors of the continental bank said in its report that Mr Adesina was not guilty of any of the 16 allegations contained in a petition brought before it by a “Group of Concerned Staff” of the Bank.
The committee headed by Takuji Yano, the institution’s Japanese Executive Director charged with the responsibility of investigating the allegations, described as “spurious and unfounded” claims that Mr Adesina violated the code of conduct of the Bank.
In its petition sent to the committee on January 19, 2020, the “concerned staff members” accused Mr Adesina of 16 breaches of the bank’s code of conduct, including “unethical conduct, private gain, an impediment to efficiency, preferential treatment, and involvement in political activities.”
Copies of the petition were also sent to both the Director of the Integrity & Anti-Corruption office (PIAC) of the Bank, and the Chairperson of the Audit & Finance Committee (AUFI) in line with the Bank’s “Whistleblowing and Complaints Handling Policy”.
Between February 4 and April 9, 2020, the ethics committee held series of meetings to review documents and presentations as it conducted “preliminary examination” of the allegations against Mr Adesina to establish whether they were “based on any objective and solid facts” pursuant to Resolution No. B/BG/2008/11.
Resolution No. B/BG/2008/11 adopted at the 43rd Annual Meeting of the Board of the Bank held on May 14, 2008 made the Code of Conduct for its Executive Directors and those of the African Development Fund (ADF) also applicable to the President of the Bank Group.
Apart from the petition, other documents reviewed during the series of meetings by the committee included the confidential memo submitted by Mr Adesina detailing his defence of the allegations against him.
In the memo, Mr Adesina accused the petitioners of violating Section 6.7.2 of the Whistle Blowing Policy of the bank by breaching the confidentiality of the proceedings of the matter by making public disclosure of the matter beyond submission to the ethics committee.
He accused the petitioners of disclosing their allegations beyond the committee “by acting in concert with others outside the AfDB system”.
“The point about others acting in concert with the whistle-blowers is not speculation. A group of independent Bank staff members apparently wrote a “Disassociation Note” on March 9, 2020, in which they explained that they had been members of a group called “Group of Concerned Staff Members,” namely the whistle-blowers behind the Disclosure, but that they had been “manipulated by a group of non-regional Executive Directors behind Mr (Steven) Dowd, not for the good governance of the African Bank of Development, but to discredit the candidacy of the current President for his re-election,” Mr Adesina said in his memo to the committee.
“Certainly if the Disassociation Note is to be believed, and there is no reason not to believe it, the whistle-blowers’ complaint cannot be considered to be in good faith, because it was not designed to expose fraud, corruption or other misconduct. Instead it had another ulterior motive,” he added.
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President Bola Tinubu, on Wednesday, presented the proposed 2025 federal budget to a joint session of the National Assembly.
The N47.9 trillion budget saw a whopping N3.5 trillion allocated to the education sector.
Other sectors that got higher allocations include defence and security – N4.91tn, infrastructure – N4.06tn and health – N2.4tn.
“It is with great pleasure that I lay before this distinguished joint session of the National Assembly, the 2025 Budget of the National Assembly of Nigeria titled, ‘The Restoration Budget’ security peace, building prosperity,” Tinubu said as he concluded his 30-minute presentation at 1:10pm.
This budget highlights the government’s focus on improving education, healthcare, and infrastructure, in line with its ‘Renewed Hope Agenda’ aimed at boosting the economy and addressing key national priorities.
The live broadcast of the budget presentation today revealed the government’s plans for the next fiscal year. With a strong emphasis on human capital development, the president highlighted the budget’s commitment to improving the nation’s economic foundation.
Education sector receives major funding
A significant portion of the 2025 budget is dedicated to education, with N3.5 trillion allocated to the sector. President Tinubu stated that part of this funding would be directed toward infrastructure development, including support for Universal Basic Education (UBEC) and the establishment of nine new higher educational institutions.
“We have made provision for N826.90 billion for infrastructural development in the education sector,” Tinubu said.
This allocation aims to improve educational facilities and support ongoing efforts to strengthen Nigeria’s educational system.
Focus on human capital development
During the presentation, the president emphasized the importance of investing in Nigeria’s human capital. “Human capital development, our people are our greatest resource. That is why we are breaking record investment in education, healthcare, our social services,” he remarked.
Tinubu also pointed to the N34 billion already disbursed through the Nigerian Education Loan Fund (NELFUND) to assist over 300,000 students.
The budget includes continued investments in healthcare and social services as part of the broader goal of enhancing the quality of life for Nigerians.
Strengthening the economy and national security
Tinubu highlighted that the 2025 budget is designed to build a robust economy while addressing critical sectors necessary for growth and security.
“This budget reflects the huge commitment to strengthening the foundation of a robust economy, while addressing the critical sectors essential for the growth and development we envision; and secure our nation,” he said.
The budget aims to tackle key challenges and foster long-term economic stability by prioritizing infrastructure and development in key sectors.
Healthcare and social services allocations
In addition to education, Tinubu focused on the allocation for healthcare and social services. The government plans to increase investments in healthcare infrastructure and services to ensure broader access to essential healthcare for Nigerians.
These investments are part of the administration’s strategy to improve overall living conditions and enhance public health across the country.
President Tinubu’s proposed 2025 budget is said to reflect the administration’s commitment to achieving its development objectives, with a focus on economic growth, human capital development, and infrastructure improvement.
As the National Assembly reviews the budget, the president reiterated his administration’s resolve to address the nation’s most pressing needs.
Source: Nairametrics
Ghana’s President-Elect, Dr. John Dramani Mahama, a courtesy visit to President Bola Tinubu at his residence, Presidential Villa, State House on Monday.
Mahama won 56 percent of the votes in this month’s presidential election, compared to the ruling party candidate and Vice President Mahamudu Bawumia, who secured 41 percent.
The landslide comeback for former president Mahama ended eight years in power for the New Patriotic Party (NPP) under President Nana Akufo-Addo, whose last term was marked by Ghana’s worst economic turmoil in years, an IMF bailout and a debt default.
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Usurpation of Office: Supreme Court Absorbs Tinubu of Wrongdoings, Slams N5m Fine on Accuser
The Supreme Court has imposed a N5 million fine on a former presidential candidate, Ambrose Owuru, for instituting what it described as frivolous and vexatious suits against President Bola Tinubu.
Owuru, who contested the 2019 presidential election against former President Muhammadu Buhari on the platform of the Hope Democratic Party (HDP), was ordered to pay N5 million to Tinubu.
Justice Uwani Musa Aba-Aji issued the order while dismissing his fresh suit seeking Tinubu’s from office of President.
Apart from the N5 million fine, the apex court ordered its Registry not to accept any frivolous suit-originating summons from Owuru again.
At the day’s proceedings, Owuru, who claimed to be a lawyer called to the Nigerian Bar in 1984, sought to argue his case wearing his wig and gown.
He was ordered out of the Bar and directed to remove his wig and gown before he could be allowed to argue his case.
Upon complying with the orders, Owuru was asked why he came before the court again, having had his suits dismissed three times earlier.
Although he tried unsuccessfully to convince the Apex Court to grant him adequate audience, his explanations were rejected as unconvincing.
Following his recalcitrant attitude, the court threatened to refer him to the Legal Practitioners Disciplinary Committee (LPDC).
Justice Aba-Aji ruled that Owuru’s conduct was unbecoming of a lawyer of over 40 years, as he claimed.
In the end, the Court dismissed his suit and ordered him to pay Tinubu N5 million.
The court lambasted him for taking the Supreme Court for a ride, wasting its precious time with baseless suits and grossly abusing court processes.
Before the suit was thrown out, Bode Olanipekun SAN who appeared for President Tinubu had drawn the attention of the court to several cases of Owuru that were dismissed on account of frivolity.
He added that the direction of the fresh suit could not be understood because of the poor ways and manners it was couched by the applicant.
Olanipekun SAN also said that it was difficult for him to apologize to the court on behalf of Owuru because the conduct of the applicant had become something unbearable in the practice of the law profession.
In his own response, a professor of law and Senior Advocate of Nigeria, SAN, Taiwo Osipitan assured that the conduct of the former presidential candidate would be referred to the Nigerian Bar Association, NBA.
The Court of Appeal had previously imposed a fine of N40 million on Owuru, to be paid to Tinubu, INEC, and others, for filing a suit against them.
The new suit prayed the Apex Court to sack Tinubu on two major grounds: alleged non-qualification to hold office as Nigeria’s President and alleged usurpation of the office in contravention of the law.
Defendants in the suit were former President Muhammadu Buhari, the Attorney General of the Federation and Minister of Justice, the Independent National Electoral Commission (INEC), and Tinubu as 1st to 4th defendants, respectively.
He claimed that his suit at the Supreme Court, which would have removed Buhari from office, was technically jettisoned by the Apex Court due to a mix-up in hearing dates.
He also prayed the Apex Court to disqualify Tinubu on account of the forfeiture of $460,000 to the United States of America over an alleged drug trafficking-related offence.
Besides the alleged forfeiture, Owuru accused Tinubu of being an active agent of the CIA, a position he claimed disqualified Tinubu from holding the office of President of Nigeria.
Specifically, Owuru prayed the Supreme Court to invoke Section 157 of the 1999 Constitution to remove Tinubu from office on the grounds of being under the control of foreign authorities.
He also asked the Supreme Court to declare him Nigeria’s President and order his immediate inauguration to reclaim his alleged usurped mandate.
