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Reps grill EFCC, ICPC, others over recovered loots

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The House of Representatives Adhoc Committee on Assessment and Status of All Recovered Loots on Wednesday grilled the Economic and Financial Commission (EFCC), the Independent Corrupt Practices and Other Related Offences (ICPC) over recovered loots.

Others grilled by the House Committee include; the Nigeria Security and Civil Defence Corps (NSCDC), Nigeria Sovereign Wealth Fund among others in Abuja.

Mr Abdulrasheed Bawa, the Chairman, EFCC said that the agency had the available record of the amount recovered.

Bawa while answering questions on the much celebrated 43 million dollars loot recovered from Ikoyi in 2017, said that the money had been forfeited to the Federal Government.

He, however, added that only money forfeited and had gone to the Consolidated Revenue Fund (CRF) account could be utilised by the Federal Government.

Bawa said that the EFCC only relied on the annual budget for its operational cost, adding that the agency does not take money from recovered loot for operations.

The EFCC Chairman later pleaded he should be excused by the committee to attend to pressing engagement.

This request, however, did not go down well with the committee.

The Chairman of the Committee, Rep Adejora Adeogun, told the EFCC chairman that he was undermining the power of the committee.

Bawa quickly apologised and pleaded for understanding.

Adeogun asked him to go for the meeting but must return at 3:00 p.m to answer questions.

Prof. Bolaji Owasanloye, Chairman, ICPC, said that the commission had recovered N7.5 billion looted fund, adding that it currently had N2.1 billion left.

He said that the sum of N5.5 billion had gone to the Federal Government from the recovered loot.

Owasanloye said that it was disturbing that the system of assets recovery had not been efficient in terms of record.

He said that the ICPC had an assets recovery account where recovered loots were usually deposited, adding that the commission had no business with consolidate revenue fund.

The ICPC boss said that the account of the commission was open and always accessible to the Federal Government and the Minister of Finance.

He stated that there were assets the commission would not dispose off until investigations were concluded and the fund remitted to the government coffer.

According to him, if government losses the case, the assets will definitely go back to the owners.

Mr Uche Orji, the Managing Director, Nigerian Sovereign Wealth Fund, said that no money recovered had been spent.

He added that about 311 million dollars had been recovered by the agency and kept with the Central Bank of Nigeria (CBN).

He was however asked to come back for further clarification for failing to provide some documents that could aid in the investigation.

The Commandant General of NSCDS, Mr Ahmed Audi, said that the invitation letter to the corps for it to appear over recovery loot was not cleared, but had to seek interpretation from its legal department.

  1. He asked for one month extension for the NSCDC to re appear before the committee but was given two weeks. (NAN)

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Lakurawa Terrorists, Not Bandits Responsible For Zamfara Explosion — Police

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The state’s police commissioner says members of the dreaded group were seen around the scene of the incident shortly before the explosion.

The police have fingered newly formed terror group Lakurawa as the mastermind of an explosion that occurred along the Dansadau-Gusau Road in the Maru Local Government Area of Zamfara State on Wednesday.

“This Lakurawa (group) when they were dislodged by the Army in Sokoto and Kebbi, the rest of them that survived the military onslaught were trying to find new enclaves,” the state’s police commissioner Muhammed Dalijan said on Channels Television’s Sunrise Daily breakfast programme on Thursday.

“As they were passing that village to Birnin-Gwari forest, they planted a bomb under a bridge. Then a motorist was passing and step on it. It exploded and killed the driver and three other people were seriously injured.”

The police commissioner said members of the dreaded insurgent group were seen around the scene of the incident shortly before the explosion.

Dalijan said planting of explosive devices was a new development in the North-West state. He said though Zamfara has had a long battle with deadly bandits, they don’t have the capacity to plant explosive devices.

“They were seen passing through a village and as we were getting reports, trying to get ourselves prepared to pursue them, this (explosion) happened. So, we are sure that they were the ones that planted the bomb.

“The bandits here (in Zamfara) don’t use bombs because they don’t know how to make it; they don’t know how to improvise explosive devices. So, we are 100% sure that they (Lakurawa) are the ones because planting bombs in Zamfara State is a new development and bandits don’t have that capacity,” he said.

Zamfara, located in North-West Nigeria, has become the “hub of banditry” in Nigeria, as described by Governor Dauda Lawal.

The governor said the marauding bandits whose kidnapping-for-ransom trade is booming in the state can be strangulated in two weeks with the right political will.

Meanwhile, military authorities have vowed to eliminate Lakurawa insurgents and other terror groups like Boko Haram and the Islamic State West Africa Province (ISWAP).

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Senate Sets Up Committee To Review Tax Reform Bills With AGF

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The Senate on Wednesday set up a committee to to review the controversial Tax Reform Bills that are before the National Assembly.

The Committee which is headed by Minority Leader, Senator Abba Moro (PDP, Benue South) will meet with the Attorney General of the Federation, Lateef Fagbemi, to address grey areas in the bills and revert to Senate before public hearing.

The Deputy Senate President Barau Jibrin disclosed this during plenary on Wednesday.

Barau, who presided over the session, said that the executive arm of the government agreed with the Senate that there is need to resolve all the issues causing disagreements in the bills.

Barau said, “We decided to put politics, ethnicity, regionalism aside to sit among ourselves in order to find a way forward in respect to issues affecting the tax reform bills. It is on this note that we extended our view to the executive arm of government, and it was agreed that there should be a forum to sit down to look at the areas that are creating disagreements in order to resolve them so that the entire country will remain united in our efforts to solve our problems.

“Before the introduction of these bills, we know we have been faced with several problems; insecurity that we and the president have been trying to solve, issues about our economy which is in line with global economic problems. And we also agreed that we shouldn’t allow any other to come in to aggravate the problems of our country.

“It is on this note that it has been agreed by the executive and by us that there should be a forum that should sit with the Attorney General of the Federation so that we can sit and look at all the areas of disagreement and resolve them for the interest of this nation.

“It is therefore proposed that tomorrow there will be a meeting with the committee that will be set here to sit down with the Attorney General to look at those issues and resolve them. It is on this note that the Committee on Finance that the bills have been referred to halt action with public hearing and other issues until we resolve those issues.”

President Bola Ahmed Tinubu had on October 3, 2024, forwarded four tax reform bills to the National Assembly.

The proposed Tax Reform Bills have generated a lot of controversies since its introduction at the National Assembly, meeting serious resistant especially from the Northern part of the country.

Following the controversies the bills have generated, the National Economic Council had advised President Bola Tinubu to withdrawal the bills to allow for further consultations, but he had refused and said that the bills should go through the necessary legislative processes.

Last week, the bills were passed at the Senate for second reading through voice votes.

The proposed legislation seeks to harmonize, coordinate, and resolve disputes arising from revenue administration in Nigeria.

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Gov Sanwo-Olu Signs Lagos Electricity Bill Into Law

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The Lagos State Electricity Law 2024 is a comprehensive plan of Governor Sanwo-Olu’s resolve to address longstanding challenges in the energy sector.

Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill into law.

The ceremony which was carried out at Lagos House Alausa Ikeja, had in attendance the state deputy governor Kadri Hamzat, members of the State assembly, as well as the state executive council members.

Governor Sanwo-Olu commended the state House of Assembly for ensuring the speedy passage of the bill, stressing that the bill will change the socio-economic value of citizens in Lagos State.

He stated that the electricity bill has been in the works for some years, and now that is finally achieved as Lagosians can be sure of a steady power supply.

On his part, the state Commissioner for Energy and Mineral Resources, Biodun Ogunleye, said the electricity law signed will provide an additional grid for Lagos State, and also put an end to black out in the state.

“There will now be regular power supply. Host community development Trust fund, which will provide opportunities for communities to develop power plant,” he said.

Ogunleye noted that the step taken by the government stands as a beacon of progress, that will ensure uninterrupted power supply in Lagos State.

The Lagos State Electricity Law 2024 is a comprehensive plan of Governor Sanwo-Olu’s resolve to address longstanding challenges in the energy sector.

The law will lay a robust foundation for economic growth, fostering industrial growth, improved quality of life, energy equity, economic prosperity, and environmental sustainability.

Among other things, the law seeks to establish a Lagos Electricity Market that is technically sound, financially viable, and well-regulated, ensure access to affordable, reliable, and sustainable electricity for all citizens.

It also helps to promote diverse energy sources, including renewable energy, and encourage energy efficiency, foster investment, competition, and innovation in the electricity sector and electrify underserved areas, contributing to the sustainable development of Lagos State.

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