Headlines
Withdraw Your Budget Padding Allegation, It’s Careless, Irresponsible – Saraki Tells Tinubu
President of the Senate, Bukola Saraki, has challenged the National Leader of the All Progressives Congress, Asiwaju Bola Tinubu, to prove that he has padded the national budgets since 2015.
Former Lagos State governor Tinubu in a statement on Sunday accused Saraki and the Speaker of the House of Representatives, Yakubu Dogara, of padding national budgets since they came to power.
“National budgets were delayed and distorted as these actors repeatedly sought to pad budgets with pet projects that would profit them,” Tinubu claimed in the statement.
“Even worse, they cut funds intended to prosper projects that would have benefited the average person. After four years of their antics, halting the progress of government, we should do all we can to prevent a repeat of their malign control of the National Assembly.
“He (Saraki) planted himself at the apex of legislative power. But his actions as Senate President showed a man devoid of compassion for the average Nigerian. All he cared for was power and position.”
But in a statement by his Special Adviser on Media and Publicity, Mr Yusuph Olaniyonu, on Monday, Saraki slammed the allegation as “careless, irresponsible and callous”.
The former Kwara State governor challenged Tinubu to prove the allegation or withdraw it.
The statement said, “In all the three budgets already passed by the National Assembly, we challenge Tinubu to make a specific reference to where Saraki and the leadership of the National Assembly ‘sought to pad with pet projects’ as he alleged.
“Tinubu should be graceful enough to substantiate this allegation. We consider that allegation careless, irresponsible and callous. We, therefore, demand that he withdraw it.”
Olaniyonu described Tinubu’s statement as “another of his now well-expected quarterly vicious attack” on Saraki.
He added, “Since we have taken it for granted that Tinubu’s attack on Saraki every three months will come as expected, we would just have ignored his statement but for the fact that it was filled with untruth, fallacies and misrepresentations. The statement was another effort to sell a concocted narrative about the 8th National Assembly and its leadership.
“To further make the points here clear, we invite Tinubu to look at the records of the time of the submission of the budgets and their passage since 2010 and he will see that, with the exception of the 2013 budget, which was passed on December 20, 2012, all the budgets were passed between March and May of the same fiscal year.
“This should give him a better understanding of the fact that the date the Appropriation Bill is submitted to the parliament and the readiness of the MDAs to defend the proposals submitted as well as a timely agreement on the figures by both chambers of the National Assembly are the main determining factors when the budget is eventually passed. So, Tinubu should see that the facts cannot support his spins and fake narrative.”
Saraki faulted Tinubu’s criticism of the leadership of the 8th National Assembly, insisting he and other leaders of the upper chamber were democratically elected.
The statement said, “It is because they are the choice of their colleagues that they have remained in office for the past 46 months despite the plots hatched by anti-democratic, reactionary and fascist elements pretending to be ‘progressives.”
It added, “In fact, Tinubu should know that if there was any mistake made on June 9, 2015, it was the miscalculation by himself and his cabal in the APC who felt they could decide for the senators-elect and House of Representatives members-elect. When they failed after their grandstanding that they could always get whatever they desired, they resorted to undermining the institution of the legislature and waging a campaign of calumny against the lawmaking body.”
Saraki’s aide also accused Tinubu of attacking his principal due to his belief that the APC chief frustrated his ambition to be President Muhammadu Buhari’s running mate in 2015 as well as his presidential ambition in 2023.
The statement said, “It is obvious his arbitrary and tactless interference in the process of the emergence of the leadership of the 9th National Assembly is already falling through. The frustration from this experience might have been responsible for this needless and baseless outbursts.”
It added, “A situation where Tinubu is dictating to elected legislators and ordering them to either comply with his directives or get out of the party will not augur well for the legislature in the next dispensation. History should have thought him that only leaders that truly enjoy the support of members can help the President and his administration to achieve their objectives.
“It is a good development that the candidates for the various positions are already reaching out to their colleagues and forging alliances. We can see that after he realised that he has misfired, he is trying to retrace his steps.”
Meanwhile, an aspirant to the House Representatives speakership, Mr Mohammed Bago, has urged Tinubu to allow the best aspirant to get the job.
Bago in a statement on Monday by spokesman for the Bago Campaign Organisation, Mr Victor Ogene, said, “Not too long ago, in 2015, when Tinubu tried to foist the same mentee of his as Speaker. In spite of the rational voices of caution by many stakeholders, many have been left wondering if the enforcement effort was at the instance of President Buhari and the party.
“Although a greater portion of the statement centred on his probable scheming for the 2023 presidential election, real or imagined, our concern revolves around the oblique reference to loyalty as the basis for his decision to stand by his adopted (son) as the next Speaker of the House of Representatives.”
The Punch
The Federal Capital Territory Administration (FCTA), on Thursday, published a list of 9, 532 alleged land title debtors in Abuja, giving them a two-week ultimatum to settle their outstanding bills.
The list, which includes prominent individuals and government agencies, was published on November 26, with defaulters expected to pay for their certificate of occupancy (C-of- O) within the stipulated timeframe.
Among those listed as defaulters is former Head of State, Ibrahim Badamosi Babangida (IBB), who owes N152 million for a plot of land in Asokoro, a highbrow area in the nation’s capital. IBB, who ruled Nigeria from 1985 to 1993, is not the only high-profile individual on the list.
Other notable defaulters include Samuel Ortom, former governor of Benue, who owes N950,000 for a plot of land in Bazango, and Aminu Tambuwal, senator representing Sokoto south, who owes N18 million for a plot of land in Carraway Dallas.
The FCTA has threatened to revoke the land titles of defaulters who fail to settle their bills within the stipulated timeframe. The administration has urged defaulters to settle their bills by e-payment to the “FCT department of land administration” account.
In addition to individual defaulters, some federal agencies, including the Nigerian Financial Intelligence Unit (NFIU), the navy, and police, were also named as defaulters.
The Lagos governor’s lodge in Asokoro, the Kaduna state government, and ‘State House Abuja’ were also listed as land title debtors.
This development is not the first time the FCTA has taken steps to recover outstanding debts from landowners. In June this year, the administration set up a committee to recover over N29 billion owed by property owners.
The committee has since identified 430 individuals and organisations as defaulters, with plans to prosecute them.
The FCTA has also partnered with anti-graft agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), to check the activities of land grabbers in the territory.
The Senate has granted approval to the ₦1.77 trillion ($2.2b) loan request of President Bola Tinubu after a voice vote in favor of the request.
The Senate presided by Deputy Senate President, Barau Jibrin, approved the loan after the Senate Committee on Local and Foreign Debts chaired by Senator Wammako Magatarkada (APC, Sokoto North) presented the report of the committee.
The request which was submitted by the President on Tuesday is part of a fresh external borrowing plan to partially finance the N9.7 trillion budget deficit for the 2024 fiscal year.
Tinubu had on Tuesday written to the National Assembly, seeking approval of a fresh N1.767 trillion, the equivalent of $2.209 billion as a new external borrowing plan in the 2024 Appropriation Act.
The fresh loan is expected to stretch the amount spent on debt servicing by the Federal Government. The Central Bank of Nigeria recently said that it cost the Federal Government $3.58 billion to service foreign debt in the first nine months of 2024.
The CBN report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56bn spent during the same period in 2023.
According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.37m, the highest monthly expenditure in 2023 was $641.70m, recorded in July.
The trend in foreign debt servicing by the CBN highlights the rising cost of debt obligations by Nigeria.
Further breakdown of international debt figures showed that in January 2024, debt servicing costs surged by 398.89 per cent, rising to $560.52m from $112.35m in January 2023. February, however, saw a slight decline of 1.84 per cent, with payments reducing from $288.54m in 2023 to $283.22m in 2024.
March recorded a 31.04 per cent drop in payments, falling to $276.17m from $400.47m in the same period last year. April saw a significant rise of 131.77 per cent, with $215.20m paid in 2024 compared to $92.85m in 2023.
The highest debt servicing payment occurred in May 2024, when $854.37m was spent, reflecting a 286.52 per cent increase compared to $221.05m in May 2023. June, on the other hand, saw a 6.51 per cent decline, with $50.82m paid in 2024, down from $54.36m in 2023.
July 2024 recorded a 15.48 per cent reduction, with payments dropping to $542.50m from $641.70m in July 2023. In August, there was another decline of 9.69 per cent, as $279.95m was paid compared to $309.96m in 2023. However, September 2024 saw a 17.49 per cent increase, with payments rising to $515.81m from $439.06m in the same month last year.
Given rising exchange rates, the data raises concerns about the growing pressure of Nigeria’s foreign debt obligations.
Channels TV
Self acclaimed leader of the Indigenous People of Biafra (IPOB), Simon Ekpa, has been arrested by law enforcement in Finland.
The BBC reports that Ekpa was subsequently sent to prison by the district court of Päijät-Häme for “spreading terrorist propaganda on social media”.
Ekpa was said to have committed the crime in 2021 in Lahti municipality.
The Finnish National Bureau of Investigation (NBI) also arrested four other men over alleged terrorist offences.
A citizen of Finland and Nigeria, Ekpa has described himself as leader of the separatist IPOB group since Nnamdi Kanu’s incarceration.
Finnish police say Ekpa’s activities and social media rhetoric may have fanned the flames of violence in the south-east of Nigeria.
“He carries out these activities from his social media channels, for example,” said Otto Hiltunen, detective chief inspector of the NBI.
In February 2023, Ekpa was arrested by police at his residence in Lahti but was released after hours of questioning.
Using his social media channels, Ekpa had directed Igbos not to participate in Nigeria’s 2023 general election.
In September 2021, the Biafra agitator and secessionist denounced Nigeria and vowed to return the medal he won for the country at the 2003 African Junior Athletics Championships.
