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Petitioners seeking Nexim Bank ED’s removal tackle Senate for holding brief for her

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***Threaten to sue the Senate

Lawyers for Reform Group (LRG) have threatened to sue the Nigerian senate over its complicity and compromise in their petition against the Executive Director of Nexim Bank, Stella Okotete.
Barrister Oladotun Hassan and Myson Nejo, almost turned the Senate hearing room for its Committee on Ethics, Privileges and Public Petition into a chaotic arena recently when they engaged the chairman of the Committee, Senator Ayo Akinyelure in a shouting match for holding brief for the respondent.
Their grouse was that senator Akinyelure invited them to appear before the panel when he was aware that the NEXIM ED was out of the country and would not honour the invitation.
Even before hearing from the petitioners Akinyelure in his opening remark had stated that, “The President is free to appoint whoever he wishes into whatever position. This appointment is that of a Development bank that doesn’t require certificates.”

He added that “Mortgage and development banks can even be run by a primary six holder, unlike the commercial banks that require a lot of professionalism.”

Akinyelure further added that he is a Chartered Account and was therefore speaking from knowledge.
Senator Akinyelure further explained to them, “Since the case was already in court, the Senate might not be able to formally hear the case.

“The case is already in court but the reason I didn’t discharge the case is that I am not sure if that’s why she is here or not. She told me that she is on medical leave abroad.

“I magnanimously allowed that the case be heard. Let us wait till she comes and we would and we would hear from both parties. And if the court papers are presented before us to show that the case is in court, then we will let you go to the court to handle the case.”
The Senator also indicated that the Nexim bank ED sent a text message to the panel to inform them that she would not be available to attend the meeting as she was currently out of the country.
His arguments and positions did not go down well with the petitioners who started shouting accusing the panel of bias and lacking in transparency.

The duo had sent a petition to the National Assembly through Akinyelure, Chairman Senate Committee on Ethics, Privileges and Public Petition to look into the issue of the appointment of the ED of Nexim Bank.

The petition filed by Hassan and Nejo demanded for a reversal of Okotete’s appointment stating that she was not qualified to hold such a position.

The petition reads, “Public complaint against criminal conspiracy to wit: unimplemented 2019 senate resolution on removal recommendation, violation of the CBN’s circular to all banks and financial institutions revised assessment criteria for approved persons’ regime for financial institutions ref; fpr/dir/cir/gen/05/014 dated 15th October 2015.

“And regulations on appointment of heads of financial institutions, serial fraudulent misrepresentations on prerequisite qualifications and deceitful withholding of CBN’s statutory position, obligations and duties as the executive director of the Nigerian Export-Import Bank against Stella Erhuvwuoghene Okotete.”

It added, “Given her lack of educational academic prerequisites and 18 years of banking service years of experience, non-professional technocratic competence and ongoing massive corruption at the Nexim bank, hence our clarion calls for her immediate replacement.”

One of the petitioners, Nejo retorted, “We don’t see the reason for coming here because you have already taken sides, defending the woman.

“If you say that the case is already in court, then you don’t need to say all of these.”
“If the Senate has done its job by monitoring things and the Central Bank of Nigeria did things rightly, there will be no need to be writing a petition.

“But things are not going in the proper manner and we have gone the extra mile to send a petition and the Senator is defending the woman, I am no longer interested in bringing this case before you.

“What we have heard from you shows that you will not give us a fair hearing because you are even telling us that the president is free to appoint whoever he pleases to appoint without the need for any certificate.

“We are telling you that we don’t want you to hear this case anymore, Mr Chairman, you’re biased sir! This is highly disappointing,” he added.

Nejo’s co-petitioner, Hassan demanded that Senator Akinyelure apologises to Nigerians or he would also sue the Senate.

He said, “ The President must have been misled over the appointment of Stella Okotete because he wouldn’t want to take Sin qua non the position of the chairman Senate Committee on Ethics and Privilege, Senator Ayo Akinyelure that further endorsed corruption. Giving corruption a bite is to put us back.

“We believe that we are supposed to be in a place where we would be moving forward but this decision in a Senate is the opposite.

“The Senate is the hope of the commonman even more than the court,” he added.

Hassan said their job was just to make the legislature see to it that the Senate resolution that was duly passed is followed through.

He added, “All we just came here for is to remind them that this was a statutory position based on a constitutional appointment by the president of the country through the Secretary-General of the Federation that do the needful,

“It shows great disrespect for us to have come from Lagos and Ondo states and we get here then you’re informing us that the other party is not here based on a text message.”

He added, “The Nexim bank is just here in Abuja but no one showed up and the senator raised the defence in absentia of the respondent.

“That shows bias, the Senate needs to apologise to us. If the Senate fails to do so, we as citizens will take the Senate on that the Senate is a total disappointment.

“We are giving the Senate through its committee on Ethics, privilege and public petition to apologize on behalf of their chairman.”

“If they fail to apologise, we will take them on as co-accomplice in our petition and if they remain a co-accomplice, it’s a huge stain on the Senate,” the lawyer added

He also reemphasized, “Senator Akinyelure has said that the position of the Nexim bank ED is a political appointment and a primary six holder even a non-educated person can be appointed.

“He even said that the Federal Mortgage Bank was once headed by a primary six holder. These are institutions that deal with finances.

“The Nexim Bank is a development bank that deals with both local and foreign investments that hold this nation in high repute.
“If someone that is not competent is therefore appointed into such positions and we have come here to present the case.”

He noted that bringing the case before the senate was not to prejudice the court but as a result of mutual respect.

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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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