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Legislature

Audit Query: Reps Cttee Grills Minister, officials over excessive Loss of revenue

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***Also for Non Redition of Audited Account, expenditure of Service Wide Vote

***As minister claims ignorance, begs for more time

The Public Account Committee (PAC), of the House of Representatives on Monday grilled the Minister of
of Industry, Trade and Investment, Otunba Niyi Adebayo along with Heads of Parastatals and top officials of the Ministry on several queries from the Office of the Auditor General of the Federation.
The queries were on issues ranging from issuance of capital allowances to several companies without proper documentation to back them up, non return of audited accounts to expenditure from Service Vide Vote from 2013 to date.

In his opening remarks, the Chairman of the Committee, Hon Oluwole Oke ( PDP-Osun) explained to the Minister that before the coming of the Finance Act, only Permanent Secretaries were being invited to answer such queries, adding that with the coming into effect of the 2020 Finance Act, invitations are now being extended to Ministers.

He explained that the mission of the Committee was to bring Head of agencies under the Ministry that have refused over time to respond to invitation to come and answer to queries from the Auditor General, but rather consistently give one excuse or the other for their failure honour such invitations

According to him, “These people are appointees of the President through your office. By the provisions of the constitution, the President has often come to the National Assembly and yet, his appointees refused to come.
“If they cannot do the job they are asked to do, they should resign because there are those ready to do the job.

“We did not want to get to the level of issuing warrant of arrest for the Heads of agencies. We felt that if we invite you and ask you to come with them, they will respect you and come. We were right, today, they are here with you.

“We want them to come and explain to the Nigerian people how they spent public resources in their disposal. Is that too much to ask?
“If the President will come to the parliament, why wont his appointees? It is for accountability and transparency, the Parliament is not after anyone, even as you are here today physically, the Director General of the Standard Organization of Nigeria, (SON), is still not here, he has been avoiding the Committee, he has always been seeking for an extension of time for our invitations”

The Minister however appealed to the Committee to give him and his team more time to fine tune their documents and come back to them for proper defence of the audit queries.

He stated that the issues raised in the queries were just being brought to his notice at the hearing, stressing that he would need time to sit with his offficials and the Permanent Secretary to prepare a more comprehensive answer to the queries.

The Minister assured that he would personally come back to the Committee with the Permanent secretary for the presentation which the Committee obliged him in the spirit of fair heating

In the documents presented before the Committee, it revealed that the Ministry of Industry, Trade and Investment had issued about 4,672 certificate of capital allowance worth about N7,865,186,245,398.81 to 2, 203 companies between January 2017 and December 2021.

The documents also revealed that within the same period the Ministry recorded what they described as disallowance (finding after an audit that a business or individual taxpayer was not entitled to a deduction or other tax benefit claimed on a tax return) of N101.553 billion.

Capital Allowance is the practice of allowing a tax payer to get tax relief on capital expenditure by allowing it to be deducted against their annual taxable income.

It is akin to a tax deductible expenses and are available in respect of qualifying capital expenditure incurred on the provision of certain assets in use for the purposes of a trade or rental services and effectively allow a tax payer to write off the cost of an asset over a period of time.

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Legislature

NASS modifies NDLEA Act, Prescribes Life Imprisonment for Drug Traffickers

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The National Assembly has modified the National Drug Law Enforcement Agency (NDLEA) Act to prescribe life imprisonment for individuals found guilty of storing, transporting, or concealing illicit drugs and substances. 

The amendment was adopted on Thursday during plenary, presided over by Deputy Senate President Barau Jibrin, following broad support from the senators.

The amendment reflects a harmonised position of the Senate and the House of Representatives on Section 11 of the NDLEA Act. 

The House had earlier passed an amendment prescribing life imprisonment for drug traffickers, while the Senate had proposed the death penalty.

To reconcile the differences, a conference committee of both chambers was convened. Senator Tahir Monguno, Chairman of the Senate Committee on Judiciary, Human Rights, and Legal Matters, presented the harmonised version to the Senate. 

He urged lawmakers to adopt the House’s position of life imprisonment, arguing that enforcing the death penalty could lead to the execution of over 900 accused persons currently awaiting trial for drug-related offenses.

The Deputy Senate President who presided over the plenary had put the resolution to a voice vote, and the majority of senators supported the amendment. 

The approved version stipulates life imprisonment for offenders.
The amended section now reads:
“Anybody who is unlawfully involved in the storage, custody, movement, carriage, or concealment of dangerous drugs or controlled substances and who, while so involved, is armed with any offensive weapon or is disguised in any way, shall be guilty of an offence under this Act and liable on conviction to be sentenced to life imprisonment.”
This amendment aims to strengthen the fight against drug trafficking while addressing concerns over human rights and the judicial implications of the death penalty.
The move is part of efforts to curb the growing menace of drug trafficking and its adverse effects on Nigerian society. According to Senator Monguno, the life imprisonment penalty strikes a balance between deterrence and humane judicial practice.
With the amendment, the NDLEA now has a robust legal framework to prosecute offenders and combat drug-related crimes effectively.

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Legislature

President Tinubu urges Senate to approve ₦1.767trn External Loan

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Bola Ahmed Tinubu

President Bola Ahmed Tinubu has formally requested the National Assembly’s approval for a $2.209 billion (₦1.767 trillion) external borrowing plan to finance part of the ₦9.17 trillion fiscal deficit in the 2024 budget. The loan, included in the 2024 Appropriation Act, is critical to the government’s broader strategy for economic recovery and growth.
In a letter to Senate President Godswill Akpabio, President Tinubu noted that the borrowing aligns with the provisions of Sections 21(1) and 27(1) of the Debt Management Office (DMO) Establishment Act, 2003. He also indicated that the Federal Executive Council (FEC) had approved the plan.
The President explained that the funds would be sourced through Eurobonds or similar external financial instruments. A detailed summary of the loan’s terms and conditions accompanied the letter to guide legislative scrutiny.
“This borrowing is necessary to address the budget deficit and fulfill our fiscal strategy for 2024. Swift approval will enable us to move forward with mobilizing these funds,” the President stated, emphasizing the urgency of the request.
Senate President Akpabio referred the matter to the Committee on Local and Foreign Deb

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Legislature

Senator Natasha Transforms Kogi Central Schools with 5,000 Digital Learning Devices

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By Isah Bala

Access to quality education is a cornerstone of societal progress, and Senator Natasha Akpoti-Uduaghan is embodying this vision by bringing transformative educational tools to Kogi Central. In a groundbreaking initiative, the senator recently provided 5,000 digital learning devices to public primary and secondary schools in her district, aiming to bridge the digital divide and set a new educational standard.

The devices, unveiled at Abdul Aziz Attah Memorial College (AAAMCO), are preloaded with the Nigerian curriculum from UBEC and internationally acclaimed educational resources, including Khan Academy and Discovery Kids. Through this initiative, students will experience interactive learning, enabling them to explore subjects in depth, enhance digital literacy, and engage with complex topics in a hands-on way.

This project is just the beginning of Senator Natasha’s ambitious plan to make “smart schools” the norm in Kogi Central. She envisions a future where every child in her district has equal access to digital learning, stating, “My dream is to equip all public primary and secondary schools in Kogi Central with digital learning devices before the end of my tenure in 2027.”

Beyond device distribution, the senator’s initiative includes UBEC-led teacher training to ensure educators are equipped to integrate these tools into their classrooms effectively.
With this dual approach of student and teacher empowerment, Senator Natasha is laying a foundation that will support digital literacy and skill development for years to come.

Senator Natasha’s commitment to educational advancement represents a significant step forward for Kogi Central, ensuring that young students have access to the tools they need to succeed in an increasingly digital world. This initiative marks her dedication to the constituency that entrusted her with this mandate.

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