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Reps To Investigate Excess Charges By Banks

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The House of Representatives has mandated its committee on banking to investigate and determine the extent of alleged excess charges on public institutions and individuals accounts held in various banks.
This was sequel to a unanimous adoption of a motion by Rep. Yusuf Gagdi (APC-Plateau) at the plenary yesterday.
The committee would also liaise with financial consultants to investigate charges in the last eight years with the view to recover same in the interest of customers.
Gagdi said that when properly managed and run in accordance with banking ethics, the banking sector would open up the economy as it galvanises the critical factors of production and wealth creation.
He said where international best practices are applied in banking, the sector becomes very pivotal to economic growth and national development.
The lawmaker said as pivotal as the banking industry was  to economic development, the experiences of individuals, public institutions and corporate customers of banks have been that of mixed feelings.
He alleged that excess and illegal debits on accounts held by customers in the name of bank charges have been very disturbing.
Gagdi said that charges ranging from ATM charges, account maintenance fee, card maintenance charges, SMS notification charges, among others, have been a source of worry to customers across the country.
He said that although the Central Bank of Nigeria (CBN) had intervened on many occasions, many of these illegal charges  continued unabated for a number of reasons.
“This includes but not limited to size of the amount, logistics and cost of following the matter through to conclusion since the banks are aware that customers are not likely to abandon their jobs and businesses to pursue such cases,”he said.
He said that the banking industry was supposed to be a catalyst for economic growth and wealth creation but lack of transparency in the industry has made investment by local and foreign investors very unattractive.
“While we may choose to colour or dress the language used to qualify the action of these banks by merely referring to it as excess charges, the reality remains that it is an outright stealing of customers’ deposits by banks and every hand must be on deck by any affected customer,” he said.

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Rivers Lawmakers’ Defection, ‘Monkey Politics’-CSO

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Civil Society Coalition for Good Governance, Budget and Accountability has condemned the defection of the 27 members of the Rivers State House of Assembly from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).
Executive Secretary, Civil Society Coalition for Good Governance, Budget and Accountability, Amb. Emmanuel Nkweke, who said this in an interview with The Tide in Port Harcourt also described as illegal all legislations passed by the defected lawmakers.
Amb. Nkweke described the defection as “monkey politics’, queried the rational behind the action of the lawmakers few months after being sworn into office, adding that members of the civil society community were yet to be told reasons for the defection.
“Up till now, we are yet to be told why they defected just few months of being sworn into office. For me, that is monkey politics”, he said.
He urged the lawmakers to go back to their former party and beg Rivers people for forgiveness, adding that if that is done, they may be welcomed back.
Amb. Nkweke also cautioned the lawmakers not to allow themselves to be used to do the bidding of an individual, adding that the present administration in the state needs the support of all to move forward.
Meanwhile, the Executive Secretary of the group has commended Governor Siminalayi Fubara for giving civil societies the latitude to operate freely in the state.
He alleged that civil societies were caged in the last eight years, adding that there was no breathing space for civil societies in the last eight years in the state.
Amb. Nkweke described civil society as the engine room of democracy as it engages in sensitisation on the policies and programmes of government, regretting, however, that their inputs were never taken into considerations.
“Civil societies give signals, civil society creates the awareness and sensitize the people towards achieving a reliable democracy.
‘’i want to let you know, very frankly, that civil society space in Rivers State, for the past eight years, was suffocated. There was no breathing space, they didn’t breathe. Civil society was dead completely”, he said.
Amb. Nkweke said the situation also affected upcoming activists as some of them had to operate from hideouts.

By: John Bibor

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Sack Incompetent Officials In Your Govt, NANS Urges Tinubu

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The National Association of Nigerian Students (NANS) has called on President Bola Tinubu not to condone incompetent personalities in his government.
Addressing newsmen in Abuja, NANS President, Comrade Pedro Obi, expressed concerns about the competence of the Minister of State for Youth Development and the SSA to the President on Student Engagement.
Comrade Obi, after staging a peaceful protest at the office of the Secretary to the Government of the Federation (SGF), reiterated that the NANS will not be intimidated and will continue to fight for the interests of Nigerian students.
He said, “The message is very simple, we have incompetent people who have been appointed to offices. It’s unfortunate and it’s not the President’s fault, of course he believes in Nigerian youths and has also given us the opportunity to showcase our capacity in various roles that he has given us.
“We have the SSA to the President on Student Engagement, who has shown incompetence. He cannot continue to hold that office and we are calling on Mr. President that he should be sacked with immediate effect.
“Also we have the Minister of State for Youth Development. We are also calling that immediately he should be sacked, because he has left what he ought to do and has dabbled into the affairs of NANS.
“These people have displayed incompetence and are destroying the youth community. There are so many competent youths that President Tinubu can pick from.
“NANS can never be intimidated. This is an organisation that we grew up to meet and we will continue to protect the dignity of this organisation.”
Receiving the NANS on behalf of the Secretary to the Government of the Federation, Senator George Akume, the Permanent Secretary, General Services Office in the SGF, Dr. Maurice Nnamdi Mbaeri, assured the NANS of relaying back their complaints to the SGF which he said will land on the listening ears of President Tinubu.
According to him, “I have listened to the complaints you raised. I assure you that your complaints will get to the listening ears of Mr. President.
“Let me assure you that I’m happy this was also re-echoed in the NANS President’s speech that President Tinubu has indebt love for the youths of Nigeria and also for the students of Nigeria. This has been demonstrated by polices that (has) been put in place for the youths.
“I want to assure you that the President has your concerns in his heart and he’s always ever ready to attend to your needs.
“With this, I am going to report back to my boss the SGF, who will take up the matter with the President. I urge you to continue to maintain peace and tranquillity. Don’t do anything that will make Mr. President feel bad about you.”

 

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Ayu Withdraws Case Against PDP Ahead NEC Meeting 

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Former National Chairman of the Peoples Democratic Party (PDP), Dr. Iyiorchia Ayu, has withdrawn the court action he instituted against the party over his controversial removal from office barely two years into his four year  term.
His action has removed legal impediments likely to militate against the emergence of his replacement from the North Central.
Several meetings have been held and being planned following this new development.
On Tuesday, the party’s National Working Committee (NWC) passed a vote of confidence on the Ag. National Chairnan, Amb. Umar Damagum, whom members said has discharged his functions creditably.
It was gathered that the North Central Caucus of the party had long before now started mobilizing to ensure that the zone produces Ayu’s replacement to complete his tenure which expires in 2025.
In a related development, Amb. Damagum has held series of meetings with various groups to perhaps shore up his chances of retaining his seat as acting chairman.
He led the members of the NWC on Wednesday to interact with the PDP National Ex-officio ahead of the NEC meeting.
Immediately after the meeting with them, he led the NWC members to another meeting with the State Party Chairmen from the 36 States, including FCT, Abuja.
The meetings were  held at the NEC Hall, PDP National Secretariat at Wadata Plaza, Wuse Zone 5, in Abuja.

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