General
Reps Summon CBN Governor, COAS Over $1bn for Arms
By Modupe Gbadeyanka
The Governor of the Central Bank of Nigeria (CBN), Mr Godwin Emefiele, has been summoned by the House of Representatives.
The country’s chief banker was summoned by the lower chamber of the National Assembly to answer questions in connection with the $1 billion approved by the federal government a few years ago for the procurement of arms to fight insurgency.
The House of Representatives Ad Hoc Committee on the Need to Review the Purchase, Use and Control of Arms, Ammunition and Related Hardware by Military, Paramilitary and Other Law Enforcement Agencies in Nigeria, wants the CBN chief to appear before it alongside the Chief of Army Staff, Lt.-Gen. Ibrahim Attahiru, for grilling.
Yesterday, the duo was supposed to be before the committee with others to explain what happened with the money but they were absent.
This made the panel ask them to specifically appear to state what they know about the funds unfailingly on Wednesday, April 7, 2021.
How FG approved $1bn for arms purchase
In April 2018, the federal government, worried that the military was complaining of inability to fight Boko Haram insurgents in the northeast of Nigeria, approved the withdrawal of $1.0 billion from the Excess Crude Account (ECA) to procure arms.
The country’s main opposition party, the Peoples Democratic Party (PDP) kicked against this because it claimed the money would be embezzled.
Another reason for the opposition was because it was just less than a year to the 2019 general elections and it was speculated that the ruling party would use the funds mainly to campaign for re-election.
NSA latest comments
About two weeks ago, the National Security Adviser (NSA), Mr Babagana Monguno, insinuated in an interview with the Hausa Service of the British Broadcasting Corporation (BBC) that the money was squandered.
He claimed in the interview that the immediate past service chiefs could not account for the funds as there were no arms to show for the $1.0 billion approved by the government for the purchase of the military equipment.
However, he later recanted, claiming that the media quoted him out-of-context.
Reps wade in
In view of the reactions that trailed the NSA’s comments, the green chamber of the parliament mandated its ad-hoc committee to investigate how the funds were used.
This made the House of Reps summon the CBN Governor and the head of the army in Nigeria for explanations on what the money was used for. They were invited along with several other security agency heads and ministries.
By Modupe Gbadeyanka
The planned nationwide strike action earlier fixed for Wednesday, June 7, 2023, by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) has been suspended by the unions.
The labour unions suspended the industrial action on Monday night after a meeting with the federal government at the Presidential Villa.
Nigerian workers had planned to stay away from work to protest the announcement of the removal of fuel subsidy by President Bola Tinubu during his inaugural speech last Monday.
Recall that earlier yesterday, the central government obtained an interim order from the National Industrial Court to stop the industrial action by the labour organisations on the argument that the strike could paralyse the country.
Justice O.Y. Anuwe restrained the NLC and the TUC from the action pending the determination of the motion of notice, which was fixed for a hearing on June 19, 2023.
Later in the day, the labour unions and the federal government held a meeting, and the Speaker of the House of Representatives, who has been appointed as the Chief of Staff to the President, Mr Femi Gbajabiamila, informed newsmen last night that a committee would be set up to discuss ways to resolve the issues amicably.
“The federal government, the TUC and the NLC would review World Bank Financed Cash transfer scheme and propose the inclusion of low-income earners in the programme.
“The federal government, the TUC and the NLC to revive the CNG conversion programme earlier agreed with Labour centres in 2021 and work out detailed implementation and timing.
“The labour centres and the federal government to review issues hindering effective delivery in the education sector and propose solutions for implementation.
“The labour centres and the federal government to review and establish the framework for completion of the rehabilitation of the nation’s refineries.
“The federal government to provide a framework for maintaining roads and expanding rail networks across the country.
“The joint committee will assess all other demands submitted by the TUC to the federal government,” a communique issued at the end of the meeting said.
Business Post reports that after the NLC and the TUC agreed to “suspend the notice of strike forthwith to enable further consultations,” they fixed June 19 to reconvene a meeting with the government “to agree on an implementation framework.”
By Modupe Gbadeyanka
The proposed nationwide strike to kick against the removal of fuel subsidy by the federal government may suffer a setback as the National Industrial Court (NIC) has restrained the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) from going on with the action.
In a ruling on an interim order sought by the federal government on Monday in Abuja, Justice O. Y. Anuwe ordered the unions to stop the strike pending the determination of a suit filed by the government.
The judge directed the government to serve the NLC and the TUC the interim order and the substantive suit marked NICN/ABJ/158/2023, fixing June 19, 2023, for hearing of the matter.
“The defendants/respondents are hereby restrained from embarking on the planned Industrial Action/or strike of any nature, pending the hearing and determination of the motion on notice dated 5th June 2023.
“It is ordered that the defendant/ respondents be immediately served with the originating processes in this suit, the motion on notice, and the order of this court hereby made.
“The motion on notice is hereby fixed for hearing on 19th June 2023. Hearing notices to that effect shall be served on the defendants/respondents along with the other processes,” Justice Anuwe ruled.
Business Post reports that the Federal Ministry of Justice filed an ex-parte motion to stop the planned industrial action by the labour unions, arguing that the strike was capable of disrupting economic activities, the health sector and the educational sector.
By Modupe Gbadeyanka
Stakeholders in the Nigerian textile industry are getting prepared for the second Adire Lagos Experience organised by Ecobank Nigeria Limited.
Momentum is gathering for this event slated for June 9 to 11, 2023, because the first edition, held at the ultra-modern Ecobank Pan African Centre (EPAC) complex in Victoria Island, was the talk of the town.
Participants used the occasion to network and get the latest designs in the local adire fabric.
Ecobank has assured that this year’s programme would be bigger as those expected are top government officials from Lagos, Ogun and other neighbouring states, the CEO of Adire Oodua Textile Hub and wife of Ooni of Ife, Mrs Ronke Ogunwusi; the CEO of Dye Lab, Ms Joke Ladoja; the Creative Director, Afume Global Concepts, Mrs Funmi Sosanya; and the CEO, Aga Culture & Upbeat, Moyo Ogunseinde, among others.
The event is being partnered with the National Union Textile Garment Tailoring Workers of Nigeria (Adire Sector) and will involve the exhibition of new designs of the fabric.
The Head of Consumer Banking at Ecobank, Mrs Korede Demola-Adeniyi, said the exhibition is part of the bank’s contribution to boosting the nation’s tourism, culture and creative industry using Adire as a key driver, adding that, high profile exhibitors, vendors, dignitaries from different parts of the world have indicated interest to be part of the event.
“The bank was encouraged by the success of the maiden edition last year. It is in line with our brand promise as a Pan-African Institution to promote culture and boost tourism on the continent.
“We expect topflight exhibitors, expatriates, influencers, dignitaries from all walks of life and members of the public at the three days event,” she said.
Mrs Demola-Adeniyi stated that the event would feature a series of masterclasses and exhibitions, as well as networking opportunities with entrepreneurs, shoppers and everyone interested in the making or trading of Adire, adding that the bank has provided a cosy ambience with utmost serenity to make participants feel comfortable and safe.
She added that, “Participation is free, and you are welcome to invite family and friends to come over to witness the beautiful event.
“This exhibition also presents an opportunity not only to sell and buy products but to experience the luxuriance in our culture.
“In addition to the wonderful display of Adire clothing and products, there will be masterclasses on Adire production, picture-perfect moments, and music to vibe.”
