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Magu: Malami Makes U-Turn, Refuses To Testify Before Salami Panel

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The Attorney-General of the Federation, Abubakar Malami (SAN), has written a letter to the Presidential panel probing the suspended acting Chairman of the Economic and Financial Crimes Commission (EFCC), Ibrahim Magu.
Malami, who is also the Minister of Justice, told the panel led by Justice Ayo Salami, that he would not be able to appear before the investigative body because of the privileges of his office.
The development comes less than two weeks after the AGF boasted that he would appear before the panel to testify if he was invited.
Magu’s legal team led by Mr. Wahab Shittu, had subpoenaed Malami, demanding that he appear before the panel to substantiate the allegations he preferred against the suspended EFCC boss.
However, it was learnt that during the sitting of the panel, last Wednesday, Salami read out a letter from Malami stating that he would no longer be able to appear.
Confirming the incident to newsmen, yesterday, a lawyer to Magu, Mr. Tosin Ojaomo, said they were all shocked when Justice Salami read out the letter.
He said, “We were all gathered at the Presidential Villa for the day’s proceedings when Justice Salami read out a letter from the AGF. The AGF stated that he would not be able to testify because his constitutional role does not include testifying. He said his duty was to prosecute and file charges.
“I was shocked because Section 174 of the Constitution does not give the AGF such privileges. Isn’t it funny that the AGF who levelled a series of allegations against Magu is now refusing to substantiate the allegations that emanated from his office?”
When contacted, the Spokesman for the AGF, Dr. Umar Gwandu, asked our correspondent to send him a text message and he would respond appropriately.
However, he had yet to do so as of press time.
Magu was suspended in July, based on some reports by investigative panels set up by the AGF.
Some of the allegations were that Magu was unable to account for the interest accrued to over N500billion in recovered funds and that he allegedly bought a house in Dubai for N570million.
The suspended EFCC boss was also said to be at loggerheads with the AGF, and had refused to obey instructions from his office.
In the course of the investigation by the panel, the probe was extended to several other cases including that of convicted former Inspector-General of Police, Tafa Balogun.
Over 40 persons, including those standing trial for corruption, have testified before the panel, a move which has been criticised by Magu’s team and other anti-corruption groups.
The panel is supposed to have ended its sitting since last month but was given a six-week extension which lapses this month.

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Ogoni Youths Give FG 14 Days To Fix East-West Road

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No fewer than 400 youths under the aegis of Ogoni Youth Federation (OYF), yesterday, staged a peaceful protest at the Eleme axis of the East-West Road, giving the Federal Government 14 days ultimatum to mobilize to site and fix the road or have economic activities in the area grounded.
The protesters, who carried various placards with inscriptions to press home their demands, trekked from Akpajo Junction to Refinery Junction in Eleme LGA, chanting solidarity songs to register their discontent over the neglect of the road.
Addressing newsmen during the protest, President General of the Ogoni Youth Federation, Comrade Legborsi Yaamabana, said it was regrettable that the road, which was a major route to the economic hub of the nation, has remained in a deplorable state, only becoming a death trap that has terminated the lives of innocent Ogonis.
Yaamabana, who described the mass action of the youths as a ‘warning protest’, said if the contractors handling the road were not immediately mobilized to site, then, the youths will have no option than to shut down all economic activities in the area.
He said, “we cannot continue to watch our people being killed on daily basis by tankers because of the poor state of Eleme axis of the east west road, we are calling on the Federal Government to as a matter of urgency fix the road and save our people from untimely deaths as a result of the sorry state of the road, the only bridge on the road at Aleto has collapse but nothing is being done to avert the disasters faced by our people daily”.
Yaamabana also called on the Minister of Niger Delta Affairs, Senator Godswill Akpabio to constitute a substantive board for the Niger Delta Development Commission to address the development needs of the Niger Delta region, noting that the use of interim management for NDDC was “diversionary, self serving and not in the interest of the development of the Niger Delta region”.
The OYF president general also called on the Federal Government to exonerate Ken Saro-Wiwa and his compatriots who were extra-judicially murdered by the late Gen Sani Abacha military junta, and given post-humours honour as martyrs of democracy in Nigeria, while the ideals of justice they stood for should be upheld.
Also speaking, the immediate past secretary of the Ijaw Youth Council, Eastern Zone, Comrade James Tobin, who joined the protest in solidarity, decried the neglect of the East—West Road by the Federal Government, and called the immediate fixing of the road to save the teeming road users from untold pains and death.

By: Taneh Beemene

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Rising Prices Push 7m Nigerians Below Poverty Line -World Bank

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The World Bank has said that rising prices pushed about seven million Nigerians below the poverty line in 2020.
This was contained in a press statement titled, ‘Critical reforms needed to reduce inflation and accelerate the recovery, says new World Bank report,’ released by the World Bank’s Senior External Affairs Officer of Nigeria, Mansir Nasir.
The press statement was released, yesterday, in line with the latest World Bank Nigeria Development Update.
It was acknowledged that the Federal Government “took measures to protect the economy against a much deeper recession” but it was recommended that certain policies should be set for a strong recovery.”
The statement read, “The NDU, titled ‘Resilience through Reforms,’ notes that in 2020, the Nigerian economy experienced a shallower contraction of -1.8 per cent than had been projected at the beginning of the pandemic (-3.2 per cent). Although the economy started to grow again, prices are increasing rapidly, severely impacting Nigerian households.
“As of April, 2021, the inflation rate was the highest in four years. Food prices accounted for over 60% of the total increase in inflation. Rising prices have pushed an estimated seven million Nigerians below the poverty line in 2020 alone.”
Quoted in the statement, the World Bank Country Director for Nigeria, Shubham Chaudhuri, identified some of the challenges faced by the country and recommended a way forward.
“Nigeria faces interlinked challenges in relation to inflation, limited job opportunities, and insecurity.
“While the government has made efforts to reduce the effect of these by advancing long-delayed policy reforms, it is clear that these reforms will have to be sustained and deepened for Nigeria to realise its development potential,” Chaudhuri said.
Also quoted is the World Bank Lead Economist for Nigeria and co-author of the NDU, Marco Hernandez, who also gave a recommendation.
“Given the urgency to reduce inflation amidst the pandemic, a policy consensus and expedite reform implementation on exchange-rate management, monetary policy, trade policy, fiscal policy, and social protection would help save lives, protect livelihoods, and ensure a faster and sustained recovery,” Hernandez said.

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Inflation Dips To 17.93% In May, NBS Confirms

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Nigeria’s inflation rate dropped to 17.93 per cent in May, 2021, from 18.12 per cent recorded in April, 2021.
The National Bureau of Statistics (NBS) revealed this in its monthly Consumer Price Index report released, yesterday.
The drop in the headline inflation in May was the second consecutive month this year.
The report indicates that the consumer price index (CPI), which measures the inflation rate increased by 17.93 per cent (year-on-year) in May, 2021, which is 0.19 per cent points lower than the rate recorded in the preceding month.
According to NBS, food inflation dropped in the same month from 22.78 per cent recorded in April, 2021 to 22.28 per cent in May, 2021.
The report reads, ‘‘All items less farm produce which excludes the prices of volatile agricultural produce stood at 13.15 per cent in May, 2021, up by 0.41 per cent when compared with 12.74 per cent recorded in April, 2021.
‘‘The highest increases were recorded in prices of pharmaceutical products, garments, shoes and other footwear, hairdressing salons and personal grooming establishments, furniture and furnishing, carpet and other floor covering.
‘‘Others include, motor cars, Hospital services, fuels and lubricants for personal transport equipment, cleaning, repair and hire of clothing.
“Other services include personal transport equipment, gas, household textile, and non-durable household goods,” the NBS added.

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