Buhari ready to address Reps on insecurity, says Speaker – Newstrends
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Buhari ready to address Reps on insecurity, says Speaker

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The Speaker of the House of Representatives, Femi Gbajabiamila, says President Muhammadu Buhari has agreed to address the House of Representatives on the security challenges across the country.

He stated this while speaking with State House correspondents on Wednesday after meeting Buhari at the Presidential Villa, Abuja.

He said the date of the address would soon be made public.

The House on Tuesday resolved to invite Buhari to address lawmakers on efforts being made to tackle the security challenges in the country.

Gbajabiamila said the group was in the State House to convey to Buhari the House resolution summoning him to appear before it.

He said they also had the intention of fixing the date for the President’s appearance but they later declined fixing the date in deference to the President’s office.

However, he added that they eventually reached an agreement with the President on the date he would appear before them, but declined to make the date known.

“We came to see the President on developments in the country. He was so willing to listen as typical of the President; the usual democrat that he is.

“What we basically sought was to convey the resolution of the House and to fix a date which we did not fix out of respect for Mr President and his very tight schedule, what date will be convenient.

“We have agreed on a date and he will meet with the House to address the situation. We have fixed a date but we will communicate with you. He is a perfect democrat. He will come to the House to address members in the nearest future.”

According to Gbajabiamila, when Buhari appears before the House, he will not be there to address only the lawmakers, but will rather use the floor of the House as a platform to address the entire citizens of the country.

“I think he is more concerned than me and you. Uneasy lies the head that wears the crown. We will leave everything until when he comes to the House. Let me not pre-empt him. All I can tell you for now is that he is fully committed to the security of lives and property of Nigerians.

“He is coming to talk to Nigerians through the House. You know that the House, as it is constituted, every Nigerian is present in the House. Every constituency in this country is represented in the House. So, when Mr. President is talking to the House, he is talking to Nigerians through their representatives,” he added.

The House had degenerated into a rowdy session on Tuesday following a motion presented by a member from Borno State, Hon. Satomi Ahmed, on behalf of other 10 Borno State lawmakers.

Ahmed’s motion which was the fallout of the heinous killings of 43 farmers on their rice farms in Zarbamari by Boko Haram insurgents on Saturday, also demanded a declaration of a state of emergency on security matters in the country by the President.

Ahmed had disputed the claim that the number of people killed was 43, saying the exact number was not yet known, recalling how the insurgents tied up farmers and slit their throats.

However, Ahmed had in his motion deliberately omitted the prayer summoning the President, prompting one of the co-sponsors of the motion, Hon. Ahmadu Jaha, to raise a point of order, drawing his colleagues’ attention to one of the prayers in the motion which Ahmed had failed to express.

According to Jaha, all sponsors of the motion agreed that Buhari should be summoned to tell the House what he’s doing about the security situation in the country.

Jaha’s point of order, calling for the House’s resolution summoning the President, received the backing of majority of members, but some opposed it, thus throwing the House into a rowdy session, until Gbajabiamila called for the dissolution of the House into an executive session.

The motion to summon Buhari to appear before the House was raised again after the executive session.

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IMF predicts 3.3% growth for Nigeria’s economy in 2024

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IMF predicts 3.3% growth for Nigeria’s economy in 2024

The International Monetary Fund (IMF) has adjusted upwards it’s forecast for Nigeria’s economic growth for the year 2024 to 3.3 percent.

This revision was announced in the IMF’s World Economic Outlook for April, which was released on Tuesday during the 2024 Spring Meetings of the World Bank and IMF in Washington, United States.

The updated forecast marks an increase of 0.3 percentage points from the previous 3.0 per cent growth prediction published in the IMF’s January 2024 World Economic Outlook.

However, the IMF has taken a more conservative stance for the year 2025, reducing Nigeria’s economic growth forecast to 3.0 per cent, a slight decrease from the 3.1 percent projected earlier in January.

Within the broader Sub-Saharan Africa region, the IMF has maintained its 3.8 per cent economic growth forecast for 2024 but has revised the 2025 forecast downward to 4.0 per cent, from the previously projected 4.1 percent.

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The global economic outlook also received a modest boost, with the IMF raising its growth forecast for 2024 to 3.2 percent, up from the 3.1 percent projected in the January 2024 World Economic Outlook. The forecast for 2025 remains unchanged at 3.2 percent.

The IMF stated, “Global growth, estimated at 3.2 per cent in 2023, is projected to continue at the same pace in 2024 and 2025.

“The projection for 2024 is revised up by 0.1 percentage point from the January 2024 WEO Update and by 0.3 percentage point to the October 2023 WEO forecast. Nevertheless, the projection for global growth in 2024 and 2025 is below the historical (2000–19) annual average of 3.8 per cent, reflecting restrictive monetary policies and withdrawal of fiscal support, as well as low underlying productivity growth.

The report further elaborates on the expected trends in various economies.

“Advanced economies are expected to see growth rise slightly, with the increase mainly reflecting a recovery in the euro area from low growth in 2023, whereas emerging market and developing economies are expected to experience stable growth through 2024 and 2025, with regional differences.”

Specifically for sub-Saharan Africa, the IMF projects an increase in growth from an estimated 3.4 per cent in 2023 to 3.8 per cent in 2024 and 4.0 per cent in 2025.

This positive outlook is attributed to the diminishing impact of previous weather shocks and gradual improvements in supply issues.

The forecast for 2024 remains consistent with the January 2024 WEO update, as negative adjustments for Angola due to a contraction in the oil sector are largely balanced by positive revisions for Nigeria.

IMF predicts 3.3% growth for Nigeria’s economy in 2024

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Naira abuse: EFCC moves against Cubana chief priest

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Cubana Chief priest

Naira abuse: EFCC moves against Cubana chief priest

The Economic and Financial Crimes Commission (EFCC) will, on Wednesday, arraign Pascal Okechukwu, aka Cubana Chief priest, over alleged naira abuse.

This comes few days after popular cross-dresser, Idris Okuneye aka Bobrisky, bagged a six-month jail term over naira abuse.

According to the anti-graft agency, Cubana Chiefpriest will appear before the Federal High Court in Lagos for spraying and tampering with the naira.

This was contained in charge sheet filed on April 4, 2024, by EFFC’s prosecutor Rotimi Oyedepo (SAN) alongside seven other lawyers representing the chairman of the anti-graft agency.

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It reads: “That you, Okechukwu Pascal on 13th Feb. 2024, at Eko Hotel, within the jurisdiction of the court, while dancing during a social event, tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying same for two hours, and you thereby committed an offence, contrary to and punishable under Section 21(1) of the Central Bank Act 2007”.

“That you Okechukwu Pascal sometime in 2020, in Lagos during a social event, tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying same for two hours, and you thereby committed an offence, contrary to and punishable under Section 21(1) of the Central Bank Act 2007.”

”That you Okechukwu Pascal sometime in January 2024, in Lagos during a social event, tampered with funds in the denomination of N500 (Five Hundred Naira) issued by the Central Bank of Nigeria by spraying same and you thereby committed an offence, contrary to and punishable under Section 21(1) of the Central Bank Act 2007.”

Naira abuse: EFCC moves against Cubana chief priest

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Kano anti-corruption agency slams fresh charges against Ganduje

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Abdullahi Ganduje

Kano anti-corruption agency slams fresh charges against Ganduje

The Kano State Anti-Corruption and Public Complaints Commission has filed a fresh corruption charges against former Governor of Kano Abdullahi Ganduje.

The commission’s chairman, Muhuyi Magaji disclosed this in an interview on Channels Television’s Sunrise Daily programme on Tuesday.

According to Magaji, investigations uncovered the diversion of N51.3 billion from local government funds to unauthorized individuals during Ganduje’s tenure.

Magaji alleged that the Ganduje administration withdrew N1 billion monthly from state coffers before its tenure ended in May 2023, purportedly for road renovation, but diverted to Bureau de Change operators instead.

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He also cited a case involving N4 billion transferred to an agricultural company from Kano’s consolidated revenue account.

“What is happening now is a tip of the iceberg. As I am talking to you, we are investigating a case whereby N51.3bn local government funds were directly taken from the government coffers (and) sent to other individuals, and we traced it to people.

“We have filed a series of cases. We have a case whereby N1bn in April last year (2023) was removed from government coffers under the allocation of renovating 30 roads in the metropolis, and it was taken away and sent to Bureau de Change.

“We have a case of N4bn whereby it was sent from the consolidated revenue account of Kano State to an agricultural company. All these cases are before the court,” he said.

Recall that the state government has said it will arraign Ganduje, alongside his wife and son, for money laundering, later this week.

Kano anti-corruption agency slams fresh charges against Ganduje

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