Connect with us

Legislature

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

Published

on

***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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Legislature

CNG Safety Under Scrutiny: NASS Questions Readiness as Explosions Raise Alarms

Published

on

By

National Assembly Complex

The National Assembly has called for a comprehensive reassessment of Nigeria’s Compressed Natural Gas (CNG) initiative following alarming reports of vehicle explosions attributed to uncertified conversions. Lawmakers are urging the Federal Government to prioritize rigorous adaptability tests to ensure the safety and suitability of the technology in Nigeria’s unique environment.

During the 2025 budget defense session of the Joint Committee on Petroleum (Downstream), Petroleum (Upstream), and Gas, Senator Natasha Akpoti (PDP, Kogi Central) questioned the adequacy of research conducted before rolling out the CNG program.

“Nigeria’s bumpy roads and hot climate differ significantly from the smooth and cooler environments where this technology originated. Were these factors considered before introducing CNG?” Akpoti asked.

Her concerns come amid incidents of explosions in CNG-converted vehicles. The Minister of State for Gas, Hon. Ekperikpe Ekpo, attributed these accidents to uncertified conversions carried out by roadside technicians, emphasizing that certified centers adhere to strict safety standards.

Ekpo also assured lawmakers that the technology had been evaluated by a Presidential Committee on CNG and affirmed its long-term viability. “CNG has come to stay,” he stated.

The session also highlighted budgetary concerns, particularly the Ministry of Petroleum’s 2025 capital allocation of N903 million. Lawmakers criticized the sum as inadequate to address Nigeria’s pressing energy challenges.

“For a ministry driving Nigeria’s energy transition, this allocation raises concerns about commitment to infrastructure and innovation,” remarked Hon. Kafilat Ogbara.

As Nigeria seeks to diversify its energy mix, the National Assembly has stressed the need for enhanced safety measures, proper implementation, and increased funding to fully realize the potential of CNG while ensuring public safety and trust.

Continue Reading

Legislature

Umahi expresses Frustration over Fixing Nigerian Roads

Published

on

By

Dave Umahi

***Seeks Support for Loans as Budgetary Provisions Fall Short

The Minister of Works, Senator David Umahi, has voiced his deep frustration over the state of Nigeria’s road infrastructure, highlighting inadequate yearly budgetary allocations as a major barrier to progress.
Speaking during the 2025 budget defense session before the Senate Committee on Works in Abuja on Friday, Umahi described the financial constraints as overwhelming. “I’ve succeeded in most of my life’s engagements, but I feel frustrated fixing Nigerian roads with these meagre allocations,” he lamented.
Umahi disclosed that President Bola Tinubu inherited 2,064 road projects valued at N13 trillion, but rising costs have pushed the estimated expenditure to N18 trillion. He noted that the N827 billion allocated for road infrastructure in the 2025 budget is grossly insufficient to address the challenges.
“Roads are critical to economic growth and poverty reduction. They create jobs and drive economic activities. However, fixing these roads cannot be achieved with yearly budget provisions alone,” he explained.
The minister urged Nigerians to support the government’s borrowing initiatives, assuring that the funds would directly impact citizens’ lives by boosting economic activities and reducing hunger.
Senators on the committee, led by Senator Mpigi Barinaga, praised Umahi for his efficient management of scarce resources and supported his call for alternative funding mechanisms. They acknowledged the scale of the work required and admitted that the proposed budget falls far short of what is needed to resolve Nigeria’s road infrastructure crisis.
The session concluded with a shared resolve to explore additional funding options to tackle the nation’s road challenges effectively.

Continue Reading

Legislature

In another rowdy session, Lawmakers Demand Accountability Amidst Budget Defense Chaos

Published

on

By

Heineken Lokpobiri

***Minister Lokpobiri Assures of Reforms, Apologizes for Lapses

The 2025 budget defense session for the petroleum sector took a contentious turn on Friday as the Senate and House of Representatives Joint Committee on Petroleum (Upstream, Midstream, Downstream, and Gas) erupted into disorder. Tensions flared over delays in budget documentation, with lawmakers decrying the Ministry of Petroleum Resources’ perceived lack of preparedness and respect for legislative protocols.

The meeting, chaired by Senator Jarigbe Agom Jarigbe, was already fraught with logistical challenges. The cramped committee room, bursting with lawmakers and ministry officials, became the backdrop for a fiery exchange that highlighted the strained relationship between the legislative and executive branches. Calls to relocate the session to a more accommodating venue went unheeded, adding to the frustration.

Before the session could proceed, Hon. Kelechi Nwogu raised a procedural objection, pointing out the absence of vital budget documents. “We cannot engage in a meaningful discussion without the necessary materials. This undermines the integrity of the process,” Nwogu asserted.

The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, faced sharp criticism for the disorganization. Hon. Ado Doguwa, Co-Chairman of the Joint Committee, accused the Ministry of fostering an adversarial relationship with the legislature. “Minister, we see you only once a year, and even then, the lack of collaboration is glaring. This is unacceptable,” Doguwa said, his frustration evident.

Lokpobiri, in an attempt to salvage the situation, apologized for the lapses. “Distinguished Senators and Honourable Members, I deeply regret this oversight. It was not intentional. The budget documents are being distributed as we speak,” he said. He assured lawmakers that the Ministry remained committed to supporting legislative oversight and improving future engagements.

However, Lokpobiri’s lighthearted remark that the documents were being delivered in “Ghana Must Go” bags—containing no money—elicited mixed reactions. While some lawmakers chuckled, others viewed it as a diversion from the seriousness of the issue.

Doguwa, accepting the apology, stressed the need for strict adherence to legislative guidelines. “While we appreciate the apology, the late submission of documents is a breach of procedure. This cannot continue. We demand accountability and timely cooperation moving forward,” he said.

The session ultimately ended in stalemate, with lawmakers insisting on postponing the meeting until all necessary documents had been reviewed. The debacle underscores the persistent challenges of executive-legislative coordination in Nigeria’s budgetary process, particularly in critical sectors like petroleum.

As the Joint Committee prepares to reconvene, stakeholders will be watching closely to see if the Ministry of Petroleum Resources can rebuild trust and ensure a smoother process in the future.

Continue Reading

Trending

Copyright © 2024 National Update