General
Reps at 2: Read Full Speech of Yakubu Dogara

ADDRESS BY HON. SPEAKER, HOUSE OF REPRESENTATIVES OF THE FEDERAL REPUBLIC OF NIGERIA, RT. HON. YAKUBU DOGARA, ON THE OCCASION OF THE SECOND YEAR ANNIVERSARY OF THE 8TH HOUSE OF REPRESENTATIVES ON 9TH JUNE, 2017.
Protocols:
Permit me to welcome all of us to this very important event marking the 2nd year anniversary of the 8th House of Representatives. It is indeed a rare privilege to preside over this House on such a momentous occasion attended by many of our predecessors who made this institution what it is: a House of the Nigerian people.
- We have chosen to mark this day, not because we are in the mood for celebrations. No. We are marking this day even when the nation is struggling to exit from the excruciating economic recession and anguish being faced by our people.
- Our intention therefore is to simply appraise ourselves, to find out at mid-term, how far we have kept faith with our constituents and Nigerians in the contract or social charter we entered into at the inception of the 8th House of Representatives via our LEGISLATIVE AGENDA. We wish to be availed an honest assessment of the achievements and failures we have recorded so far, as a deliberate effort that may lead to deepening our democracy and its tools with which to approach with the needed confidence, the next two years left of our mandate.
- It is important to ask ourselves some hard questions. Have we always placed the interest of our Constituents and Nigerians first in all our endeavours? Have we always placed national interest above self, regional and other interests? Are we patriotic or partisan? Have we used our legislative authority to expose corruption, inefficiency and waste in government activities? Have we made laws for the peace, order, and good government of Nigeria? Have we shown fidelity to the Fundamental Objectives and Directive Principles of State Policy enshrined in Chapter two of the Constitution?
- The answer to above posers is the criteria and yardstick to assess who we are. Are we leaders or mere politicians? The difference is that while politicians are just interested in the next election, leaders are cultural architects because they create the environment by which others can grow and flourish.
- On my part, I will answer the above posers with qualifications. Yes, we have done reasonably well in most of the indices indicated. But there is a very large room to do even more. I answer these questions, fully conscious of the fact that self-appraisal is inherently problematic and is prone to bias. The appraisal of the general public and our peers will be more objective. Let me therefore save myself from the dishonour of marking our own script and submit to the judgement of those given the task of appraising our performance today.
- However, I must hasten to add that for our appraisal not to miss the mark, it must take into account our promise to bring change to and render nugatory the old narratives about our Parliament. We must never discount the fact that it is not what you change from but what you change to that brings true transformation. Change is about what you embrace not what you abandon. Objective assessment is often difficult in an environment such as ours where we want those in government to live the way we want but we want to be free to live anyhow.
- Hon colleagues and distinguished guests, before I hand over this issue to others, I would crave your indulgence to make few comments and observations on our scorecard. In terms of the core mandate of law-making, we have remained a bastion of legislative activism. Indeed members of the 8th House of Representatives are in keen competition with one another in fashioning out legislative solutions to myriad of problems facing the nation. That is why in all facets of law-making, we can comfortably and conveniently assert that we have broken all records.
- Statistics bear this out. The total number of Bills introduced so far are 1064 out of which Executive Bills are 50, Senate Bills transmitted to the House – 21 and Private Members Bills – 993. A total of 126 Bills have been passed by the House and the others are at various stages in the legislative mill. 27 Bills have received Presidential assent and a lot more are in the pipeline. Each of the achievements highlighted above is unsurpassed by any previous Assembly. The sheer volume of these Bills attests to the vibrancy of the House in its attempt to legislate on key areas of our national life at a very trying time in our history.
- Public Petitions received in the last two years are over 500 in number and the Committee on Public Petitions conducts Public Hearings on these petitions almost every week to ensure citizen access to the legislature.
- Whereas it is immediately difficult to measure the impact of these Bills, a thorough examination of them shows the interest of the House in getting the economy out of the current recession that has affected both large and small businesses as well as families across Nigeria.
- On issue of Budget, we kept our promise to Nigerians at the beginning of the legislative session to ensure transparent deliberation and passage of the 2017 Appropriations Bill which will be signed into law early next week. We have also carried out significant Budget Reforms. For the first time in the history of Nigeria, a Public Hearing was conducted in the National Assembly to get the input of Nigerians in the budgetary process. Further reforms introduced include the details of the Appropriation Act being available to all members before passage in plenary; the requirement that members of each Committee should sign the Report of their Committees before being sent to the Committee on Appropriations. All these novel measures are unprecedented in the history of our Parliament. These proactive measures ensured that the House’s debate and consideration of the 2017 budget proposal presented by the President was evidence based and geared towards galvanizing the economy for greater growth.
- In addition to these, the House has considered and passed several Bills designed to stimulate economic growth and promote competition. These include: The Bill for an Act establishing Federal Competition and Consumer Protection Commission, etc. This legislation has the potential to engender innovation and efficient allocation of resources, eliminate barriers to entry and restrictive trade practices in our market. It will have a hugely positive impact on the quality of goods and services and their prices in the interest of the Nigerian consumer. Several Bills and Resolutions aimed at improving ease of doing business in Nigeria have been passed and more are in the works.
- Realising that underemployment is as grave a problem as unemployment, we in the House have introduced a Bill on new minimum wage Bill to promote the welfare and well-being of Nigerian Workers especially in light of changing economic realities. For us it is unacceptable that the average Nigerian worker is shut out from the promise of democracy, which is: “life, liberty and the pursuit of happiness”. Our democracy must be made to work for all Nigerians including our workers who must have the tools with which to pursue happiness while in active service or in retirement.
- One other challenge that the country has had to grapple with is corruption. Our legislative response has been by way of legislation and Resolutions. Many Bills in this respect have been passed, and many are still in the mill. Some motions have led to the series of investigative Hearings that are ongoing. Besides we have injected oversight emphasis in that direction.
- This 8th House of Representatives introduced Sectoral Debates. The idea is to get Ministers to share their vision and how they intend to achieve them so that Parliament can hold them accountable to goals they themselves have set. The first phase of the debate on diversification of the Nigerian economy has been concluded. The other phases are scheduled in the next Session.
- I must mention this to our collective credit, that the cohesion in the House is one of the major achievements of the 8th House. Without this, all else would have fallen apart as valuable hours of legislative business would have been dissipated on the management of internal squabbles. This we achieved by always placing patriotism above partisanship which is key to the unremitting exemplary maturity that is seen on the floor, week in week out. It was Albert Einstein who said, “life is like riding a bicycle. To keep your balance, you must keep moving”. Dear colleagues patriotism is and will always be what keeps us moving and balanced. Permit me to commend and deeply appreciate you all as we look forward to even greater cohesion in the years ahead.
- This self-appraisal cannot be complete without mentioning areas for further improvement. The timely submission of Reports by various Committees require improvement in the next legislative Session. To this end, we would ensure that timelines for legislative measures referred to Committees are strictly enforced. We need to also ensure that Ad-Hoc Committees do not constitute themselves into permanent or Standing Committees.
- Furthermore, we need to do a better job of coordinating the activities of various Committees to ensure synergy and avoid overlapping of activities and functions.
- On this note, it is my singular pleasure to once again welcome us all to this Special Session, and to specially thank my Honourable colleagues for your support, solidarity, patience, understanding, comradeship, hard work and harmony exhibited in the last two years in spite of many daunting challenges. Having said this, it is now time for me, to surrender the floor to our eminent assessors for their appraisal.
- Thank you all, God bless you and bless the Federal Republic of Nigeria.
General
EFCC Admits Freezing Osun Bank Account, Alleges N11bn Embezzlement
By Modupe Gbadeyanka
The Economic and Financial Crimes Commission (EFCC) has explained why it initiated a move to freeze the bank account of the Osun State government.
Earlier on Wednesday, the Governor of Osun State, Mr Ademola Adeleke, claimed that the anti-money laundering agency asked one of its bankers, First Bank, not to release funds to the state government.
According to the Governor, this was part of the strategies to frustrate his administration ahead of the August 15, 2026, governorship election in the state.
Reacting to the issue on Wednesday night, the EFCC, in a statement, said it has been investigating the state government since March 2026 over an alleged “fraudulent handling of Ecology Funds, Intervention Funds and Federal Account Allocation Committee (FAAC) account to the tune of N11.0 billion.
The organisation noted that some officials of the state government, especially the Accountant General of the State, have had interview sessions with investigators of the EFCC.
“These ongoing investigations of the state government would not have warranted any placement of Post No Debit order on its account but for the precipitate and unwarranted movement of funds from the accounts to different suspicious accounts since August 2, 2026.
“The commission noticed huge transfers of funds into different corporate entities and had to swiftly halt the trend by freezing the accounts from which such heavy funds are being moved,” parts of the statement said.
In the disclosure, the agency noted that its preventive mandate is a public-inclined framework of safeguarding public funds, assets and resources, stressing that it cannot “watch idly while a state government’s account is being pillaged.”
“While the commission is fully aware of the impending governorship election in Osun State, it has a responsibility to act in defence of the sanctity of the funds of the state. It will be uncharitable for the commission to allow an excuse of an upcoming election to fold its arms to perform its legally-assigned functions,” it pointed out.
The EFCC disclosed that it is “keeping watch over the finances of other states like Osun State. Many of these states are on the investigative radar of the commission to ensure accountability and probity. The commission has always pointed out that it is non-partisan and non-sectarian but always working in the overall interests of Nigerians. The Osun State government account was frozen to save public funds from being looted.”
The organisation urged the public “to ignore false narratives and deliberate demonisation of the works of the EFCC. The interests of all Nigerians are greater and will always be protected by the commission.”
General
NMDPRA Launches App to Track Fuel Consumption Across Filling Stations
By Adedapo Adesanya
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has launched a mobile application designed to monitor fuel consumption patterns in real time across retail outlets nationwide.
The NMDPRA, established under the Petroleum Industry Act (PIA) 2021, is responsible for the technical and commercial regulation of Nigeria’s midstream and downstream petroleum operations. The deployment of the mobile application aligns with the authority’s broader efforts to leverage technology to improve regulatory compliance and strengthen accountability.
The pilot phase of the project began on August 1 in Abuja and its six Area Councils, the authority said in a statement published on X.
As part of the rollout, the Executive Director for Distribution Systems, Storage and Retailing Infrastructure (DSSRI), Mr Ogbugo Ukoha, led a team alongside officials from the Abuja Regional Office to assess the readiness and operational performance of the digital platform at participating retail outlets.
According to the NMDPRA, the application captures inventory and compliance data in real time, enabling regulators to monitor fuel distribution more effectively while improving operational efficiency across the sector.
The authority said the platform would generate reliable, data-driven insights to support evidence-based decision-making, strengthen national energy security planning and enhance transparency in the downstream petroleum industry.
It added that the initiative is expected to provide significant value to government, investors, operators and other stakeholders by improving access to accurate fuel consumption and compliance data.
Nigeria’s downstream petroleum sector has undergone significant changes since the deregulation of the petrol market and the removal of fuel subsidies, with regulators placing greater emphasis on data-driven supervision to ensure product availability, prevent supply disruptions and discourage sharp regional disparities in distribution.
General
Onafriq, Privy to Build Regulated Stablecoin Infrastructure for B2Bs
By Modupe Gbadeyanka
No doubt, moving money among African markets remains a slow, fragmented process that relies on multiple intermediaries and prolonged settlement cycles.
To solve this issue and drive the development of stablecoin-enabled payment services for businesses across the continent, Onafriq has joined forces with a leading stablecoin infrastructure provider, Privy.
The collaboration will enable Onafriq to create and manage embedded digital asset solutions for its partners and, in time, institutional clients where regulation allows. The initial phase focuses on cross-chain stablecoin transfers and treasury and settlement workflows, creating the foundation for future cross-border payment and liquidity solutions.
Integrating Privy’s secure infrastructure enables Onafriq to build the capabilities required to support a new generation of efficient digital payment services for banks, fintechs, and mobile money operators.
This partnership is a key component of Onafriq’s broader strategy to modernise pan-African payment infrastructure, enabling secure multi-modal wallets and more efficient movement of value across the continent.
The outcome will support a range of future institutional use cases, including stablecoin-enabled settlement, treasury management and liquidity services, as it reflects Onafriq’s commitment to driving Africa’s digital transformation agenda by investing in technologies that make financial services more efficient, connected and accessible.
It was gathered that Onafriq selected Privy for its enterprise-grade infrastructure to enable the seamless integration of digital asset wallet capabilities into its products, subject to regulatory approval, and deliver a simple user experience while abstracting the complexity of blockchain technology.
“At Onafriq, we keep investing in technology that makes payments faster and more accessible. Privy gives us a building block for faster settlement and better liquidity management. As demand for digital asset services grows, our goal is to ensure Africa’s payment ecosystem benefits securely and in line with regulatory frameworks,” the Group Chief Product and Innovation Officer at Onafriq,” Mr Luke Kyohere, said.
The chief executive of Privy, Mr Henri Stern, said, “Stablecoins will play an increasingly important role in the future of global payments, but real-world adoption depends on infrastructure that is secure, scalable and simple to implement. Working with Onafriq allows us to help build that foundation across Africa and beyond.”



