News
Senate, CBN set to clash over cash withdrawal policy
Indications emerged on Tuesday that the Senate may have a running battle with the management of the Central Bank of Nigeria, CBN, over the cash withdrawal limit policy of the apex bank.
Although the upper legislative chamber agreed to debate the latest policy on Wednesday, Senator Adamu Bulkachuwa (PDP Bauchi North), warned that the report of the Committee on Banking, Insurance, and Other Financial Institutions, chaired by Senator Uba Sani (APC Kaduna Central) must not be swept under the carpet.
This caused uneasy calm in the chamber, pointing to the fact that not many senators would agree to the cash withdrawal policy.
A member of the committee, Senator Olubunmi Adetunmbi (APC Ekiti North) had drew the attention of his colleagues to the absence of the panel chairman, who is the APC governorship candidate in Kaduna State from the chamber due to the North West zonal presidential campaign rally of the party in Kaduna.
Senator Adetunmbi said the chairman was billed to present the report of the screening exercise conducted for the two CBN Deputy Governor-nominees, Mrs Aishat Ahmad, and Mr. Edward Lametek Adamu.
Both Ahmad and Adamu were recently reappointed by President Muhammadu Buhari who requested the Senate’s screening and confirmation for their second and final tenure at the apex bank
Ahmad, who is the CBN Deputy Governor on Financial System Stability, had explained details of the policy to the panel during the screening last Friday when she and her colleague appeared for screening.
Details of the explanation given by the CBN chief was to be presented for debate, alongside the screening exercise on Tuesday by the senators.
However, Senator Adetunmbi said the debate could not take place because of the absence of the panel chairman.
He said: “Exactly a week ago the Senate resolved that the committee on banking and financial institutions should come forth today to report on the enquiries that it was mandated to make on the new policy of the Central Bank on the withdrawal limit.
“The committee was specifically mandated to interrogate these issues based on the concern that was expressed in the chamber, with the two deputy governors that were coming for clearance.
“This took place on Thursday last week. Two candidates came for clearance and the issues were thoroughly looked into, especially in the opening remarks of the chairman.
“He specifically reported that the Senate wanted the two deputy governors to elaborate on the rationale behind this policy in view of the massive public reaction to that policy.
“The deputy governors gave elaborate explanations and the committee also requested for further evidence in terms of documented reports that will enable the committee to fully understand the issues behind this policy during the plenary appropriately.
“Unfortunately, the report is not ready today because the chairman of the committee is busy on a political assignment; he is coming tomorrow to present the formal report of the committee.”
This explanation did not go down well with Senator Bulkachuwa, who said the fact that the panel didn’t submit its report should not stop the Senate debate on the CBN Nara withdrawal limit policy.
“We should not allow this thing to be swept under the carpet, it is a very serious issue and Nigerians are waiting to see what the Senate will do like the House or Representatives.
“The House of Representatives has asked the Governor of the Central Bank to stay action on this; leaving it till tomorrow is giving him another excuse and I urge this Senate to discuss this thing today,” he said.
The Senate President, Dr. Ahmad Lawan, ruled Senator Bulkachuwa out of order and insisted that the matter would be debated tomorrow (Wednesday).
He said: “I don’t think it is fair to say we are sweeping the matter under the carpet. To sweep something under the carpet in my understanding means to avoid it.
“Nobody here suggests by action or inaction that we are avoiding discussion on this matter.
“I think it is appropriate to give the Chairman of the Committee an opportunity to come and present his report personally and Senator Adetunmbi is a member of the Banking Committee.
“The Vice of the Committee who is the Chief Whip is here and they are all in attendance.
“They have something to tell us. The chairman wants to present the report himself and when he does that, we will be better informed and we can take appropriate action.
“Tomorrow is less than 24 hours by the grace of God., Please distinguished Senator Adamu Bulkachuwa, I want you to be present so that if there is anything that you want all of us to know even as all of us here feel strong about this.
“If we are going to debate it, let’s do that on the basis of information because that is when we can argue it and say no, stop it because of superior argument. So, let’s not doubt our sincerity here.”
News
State Police: Governors in support, NEC to adopt report at next meeting in January
At the 146th National Executive Council (NEC) meeting, the last for 2024, 36 states with exception of the Federal Capital Territory (FCT), submitted their reports on state police, with majority supporting its establishment to address Nigeria’s escalating security challenges, Kaduna State Governor Uba Sani on Thursday disclosed.
Speaking after the meeting presided over by Vice President Kashim Shettima, Sani revealed that 36 states have submitted proposals supporting the establishment of state police, reflecting a strong consensus among governors.
“Today, one of the discussions we had at the NEC meeting was the update on the creation of state police. As you are aware, there was a submission by States toward the establishment of state police.
”Today, about 36 states have already made their submission for establishing state police in Nigeria. And I can say here that from what is available, virtually most of the states are in agreement with the establishment of state police in Nigeria,” Sani stated.
Despite the overwhelming support, discussions on the initiative were postponed until the next NEC meeting scheduled for January.
Sani explained, “The council decided to step down the discussion until we receive a report from the secretariat. After that, there will be deliberation at the next NEC meeting.”
He also highlighted a resolution from the previous NEC meeting calling for further stakeholder engagement to refine the proposal.
“And not only that, there’s also a resolution in the last NEC meeting, which is today the Secretariate have also agreed on that, there will be further stakeholder engagement after the panel and deliberation by the members of the NEC.”
The governor acknowledged the unique security challenges faced by different regions, noting, “Considering the fact that virtually every state has their peculiarity in terms of the problem we are having of insecurity in our own states. Knowing fully well that we have a lot of ungoverned space in Nigeria, and also that we have a lot of deficit in terms of number of boots on ground, looking at the fact that a lot of security agencies, the police, the army and other relevant security agencies have no personnel to cover all the ungoverned spaces, that is the reason why most of us agreed that establishment of state police in Nigeria is the way forward toward addressing the problem insecurity in our own country.”
At the last NEC meeting, the governments of Kwara, Kebbi, and Adamawa and FCT were given one week to submit their reports on the proposed creation of state police.
Governor Sani said while others have complied, FCT failed to do so with explanations which were accepted by the council.
The council had in September, threatened to impose decisions on any state that had not complied with the request for reports.
The push for state police comes as Nigeria grapples with severe insecurity issues, including banditry and terrorism.
The NEC’s discussions follow a broader national dialogue on policing reform initiated by President Bola Tinubu earlier this year. The President has long advocated for state police as part of efforts to decentralize Nigeria’s heavily centralized security apparatus.
Daily Sun
News
Police arrest five armed robbery suspects, recover three AK-47 rifles in Lagos, Anambra
Four suspects, Akeem Alabi, Adewale Sogbesan, Emmanuel Izeagbe, and Francis Okoko have been arrested by the Lagos State Police Command for alleged armed robbery.
Force Public Relations Officer (FPRO), ACP Olumuyiwa Adejobi disclosed this in a statement in Abuja on Thursday.
He said the suspects were arrested on December 10 and confessed to being members of a robbery syndicate operating around the Costain axis in the state.
Adejobi said the arrests were in furtherance of the Inspector-General of Police, IGP Kayode Egbetokun’s assurance to Nigerians of the emplacement of intensive security measures to ensure the safety and protection of lives and property during the Yuletide festivities.
He said the IGP has directed the immediate deployment of adequate personnel to strategic locations, key areas and identified hotspots across all states, an initiative aimed at curbing traffic, highway robberies, and other criminal activities during this period of increased-mobility, public gatherings and celebrations.
Adejobi said the IGP’s directive includes the mobilisation of police officers to highways, major roads, urban centres, and recreational centres nationwide.
“Officers will be strategically positioned to deter crimes via increased police presence and visibility on major highways and roads prone to criminal activities, particularly highway robberies, which tend to spike during festive seasons,” the FPRO said.
He said the police has already made significant headway in combating these crimes with the arrest of the armed robbery suspects in Lagos and other parts of the country.
Adejobi said that on December 6, police operatives of the Anambra State Command trailed and arrested a suspected armed robber identified as Miracle Mwakaloi at Awka, the state capital.
“Upon his arrest and subsequent interrogation, the suspect led the operatives to his apartment, where during a search, 3 Ak-47 rifles were recovered.”
The FPRO said the Nigeria Police Force remains firm in its commitment to providing a safe environment during and beyond the Yuletide season.
“With ongoing proactive measures, including enhanced patrols, community engagement, and a specific focus on public safety, the Force is dedicated to ensuring that the festive season is celebrated without the shadow of crimes.
“While urging citizens to cooperate with heightened police presence which promises to be professional and law-abiding, the IGP further encourages citizens to remain vigilant and report all suspicious activities to the Police and other law enforcement agencies,” he said.
Daily Sun
News
NMDPRA begins clampdown on illegal LPG retail outlets in Akwa Ibom
The Nigerian Midstream and Downstream Petroleum Resources Authority says it has commenced a clampdown on illegal LPG retail outlets in Akwa Ibom State.
The state Coordinator, Ikechukwu Eseka, disclosed this on Thursday while receiving the state commandant of the Nigeria Security and Civil Defense Corps, Bakshar Hussaini, in his office on a courtesy visit.
He said, “We have started enforcement of LPG retailers embarking on illegal decanting of LPG, filling stations, LPG refilling plants and other illegal downstream operations in the state.
“We are currently working on the illegal proliferation of decanting of LPG in the state, Eseka stated, adding that gas is very volatile, and some of them are using gas that is not meant for the purpose.”
He said he has directed that gas plant owners should not load gas on people who don’t have licenses NMDPRA in the state, warning that “decanting of gas from cylinder to cylinder is an illegal activity which is punishable by law.”
He also called on marketers to register and renew their licenses before operating LPG in the state.
“We used the opportunity to talk on the aspects of the downstream which has to do with our enforcement, sealing of filling stations and those who are using diesel for industrial purposes that are yet to register with NMDPRA.
“We have also commenced engagement with individuals and organisations using storage tanks that are over 500 litres, to come and register with the Authority in the state,” he added.
Eseka thanked the Commandant for coming to re-strategise and collaborate with the Authority in the state.
Earlier, the State Commandant of NSCDC, Hussaini, explained that the purpose of coming was to collaborate with NMDPRA on how to checkmate indiscriminate decanting of LPG in the state.
“I know with the present situation in the country, a lot of them are going to cry and you have to use human face to handle their cases so that we don’t injure the government and the public themselves,” he said.
He lamented that some people used their houses to sell cooking gas which can cause environmental hazards to the public.
-
Politics1 week ago
Those indicted for attacks on Rivers LG secretariats won’t go free – Fubara vows
-
News1 week ago
Alleged fraud: Pastor Tobi Adegboyega won’t be deported to Nigeria, not indicted – UK lawyer
-
Sports1 week ago
EPL: Why Man Utd lost 2-0 to Arsenal – Amorim
-
Entertainment1 week ago
Asake ranked most streamed Nigerian artiste on Spotify
-
News1 week ago
EFCC announces biggest asset recovery as govt official forfeits estate with 753 duplexes
-
Business4 days ago
Why Naira is appreciating massively against dollar – CPPE
-
Opinions1 week ago
10 ways the Tax Bills will make states richer
-
News2 days ago
US issues new visa directive for immigrant visa applicants