The Fiscal Responsibility Commission (FRC) said it has generated over N2trillion since inception in 2007.
The money, according to him, has been remitted into the Consolidated Revenue Fund (FRC).
The Chairman of the commission, Victor Muruako made the revelation, yesterday, when he appeared before the Senate Committee on Finance for the public hearing of the bill that repeal and re-enact the Fiscal Responsibility Act.
The legislation, sponsored by Adamawa senator, Aisha Dahiru, seeks to curb financial fraud and wastages within Ministries, Departments and Agencies (MDAs) to ensure more effective and efficient delivery of public services.
The bill, according to Dahiru, will provide a better legal framework to back the operations of the commission, which she said has been limited.
“If passed, will expand the functions and powers of the FRC; ensure adequate funding/increased budgetary allocations to the commission; ensure the remittance of operating surplus by MDAs; ensure enforcement of penalties and establish the Fiscal Responsibility Council,” she said.
Part of the bill also proposes that the commission retains a portion of the operating surpluses paid into the CRF of the Federal Government as cost of collection.
The amendment also seeks to limit the expenditure of all other MDAs (not listed in the schedule) to not more than 75 per cent of their gross revenue.
In his presentation, Chairman of the commission, Victor Muruako stressed the need for the commission to be strengthened in all ramifications and its responsibilities, powers and functions properly streamlined.
He also said the move to repeal the Act will ultimately improve the commission’s funding and capacity to increase the generation of independent revenue into the CRF of the Federal Government as well as end the current state of impunity with which statutory obligations imposed by the Act which are routinely ignored by many MDAs & GOEs.
“The generation of independent revenue through the remittance of operating surplus is one aspect of the mandate of the commission that has added great value to governance.
“It is noteworthy that the commission has since inception caused over N2trillion to be remitted to the CRF in spite of the lapses in the present Act. It is expected that the amendment bill will cause even more revenue to be remitted into the Federal Government coffers by the present 122 Schedule corporations (increased from 30 and still counting) as well as align the same with scant legislation like the finance act 2020,” he said.
The legislation, he said, has made elaborate provisions for offenses and penalties for the infringement of the provision of the Act which include penal and financial sanctions.
“The need for a special and sustainable funding arrangement to enable it deliver on its mandate is starkly evident.
“The proposal in the bill for the retention by the commission of a portion of the operating surpluses paid into the CRF of the Federal Government as cost of collection, if passed will go a long way in securing and enhancing the crucial financial autonomy necessary for the commission to meet the expectation of the nation.”
On his part, the Executive Secretary of Nigeria Extractive Industries Transparency Initiatives (NEITI), Orji Ogbonnaya Orji, described the bill as timely and vital to the economic well-being of Nigeria and Nigerians.
He said the Fiscal Responsibility Act, which is one of the most important interventions in the history of Nigeria’s public finance reforms, shares the same objectives with NEITI – which is a transparent, accountable and prudent management of Nigeria’s resources.
“There’s no doubt whatsoever that attaining a culture of accountability in the larger economy will make it easier to achieve accountability in the extractive industry which generates the bulk of Nigeria’s economic resources.”
He also urged the panel to ensure and enhance return on government’s investment in its public corporations as well as a strengthened enforcement of its powers.
Consideration of the committee’s report from the hearing and final passage of the bill is expected to be done on another legislative day.
2023: Opobo/Nkoro Agog As Thousands Join PDP
Speaking while receiving the decampee, yesterday, in Opobo Town, the state Chairman of the Peoples Democratic Party (PDP), Amb Desmond Akawor, described their action as wise decision, assuring them of their safety and support.
Akawor, who was represented at the colourful event by his Deputy, Chukwuemeka Aaron, urged the defectors to remain calm as the PDP, the only development-oriented political party, believes in equity, unity, fair play and justice in Nigeria, saying that the party was poised to build better transformational governance that would be a beneficial to all Rivers people.
He said that it was shameful for the ruling All Progressives Congress (APC) to subject Nigerians to poverty, bad governance, sufferings and hardship, and described the administration of President Muhammadu Buhari as a ruined government with clear negative agenda that lacked quality governance for the well-being of the people.
On the 2023 general election, Akawor enjoined the defectors to join forces with the PDP to chase out APC for good by remaining loyal and supportive towards PDP victory at the polls both in the state and at the federal level.
Akawor warned that any attempt to rig the votes in the 2023 elections would create more hunger, stagnation, poverty and death in the land.
Responding, a former chieftain of the All Progressives Congress (APC) and decampee in the area, Dr. Promise Diri pledged to ensure the victory of Amaopusenibo Siminialayi Fubara as successor to Governor Nyesom Wike and Alhaji Atiku Abubakar as president in 2023, among other PDP Candidates, describing the emergence of the duo of Fubara and Atiku as God’s divine order for Rivers State and Nigeria.
Others who spoke to The Tide, described PDP as the largest development-minded political party in Nigeria, and thanked Rivers State Governor, Chief NyesomWike, and the entire PDP family for giving the governorship ticket to Opobo son.
They assured of 100 percent victory of Fubara and other candidates of the party come 2023 polls both in Rivers State.
Also speaking, Chief Ibiwari Jeremiah, said he was happy for the party whose transform agenda for the past seven years has remained remarkable, and pledged to woo more supporters for the PDP in next year’s election.
In her remarks, one of the decampee, Madam Matilda Jaja, commended Governor Nyesom Wike’s leadership qualities and charisma ,which she said, helped produce quality services in all the hooks and crannies of the state, and stressed that she would use her capacity to mobilise for votes in 2023 for PDP, adding that victory was sure in 2023 for the party’s candidates in the elections.
By: Bethel Toby
Reps Probe 12-Year Remittances, Withdrawals From Ecological Fund
Particularly, the House mandated its Committee on Ecological Fund to “investigate the total consolidated mandatory accruals into the Ecological Fund from 2010 to March, 2022,” adding that the committee should equally “evaluate the disbursement of the Ecological Fund in line with the provision of the 1999 Constitution from 2010 to March, 2022.”
The committee is also to “investigate the utilisation of the Ecological Fund by benefiting government’s departments and agencies (MDAs) from 2010 to March, 2022 and establish infractions (if any).”
To establish these facts, the House asked the committee to conduct public hearings with all the major stakeholders on the effective and efficient utilisation of the Ecological Fund and report back within six weeks for further legislative action.
These resolutions were sequel to a motion moved by a member of the House, Femi Bamisile, titled, ‘Need to Investigate the Total Consolidation Accrual and Utilisation of Ecological Fund.’
Bamisile, while in the motion, noted the existence of the Ecological Fund as an intervention fund set up by the Federal Government to address multifarious ecological challenges across the country.
He also noted that the Federal Government, the 36 states of the federation, the 774 local government areas and the Federal Capital Territory (FCT) receive funds through the Federal Allocation Committee as shares from the Ecological Fund.
The lawmaker stressed that apart from the annual statutory appropriations, four agencies of the Federal Government draw funds from the one per cent share of the Federal Government allocated to Ecology and Derivation Fund, according to their respective enabling laws.
Bamisile stated that the National Emergency Management Agency, by virtue of Section 13(2) (b) of its Act, draws 20per cent; National Agency for the Great Green Wall, by virtue of Section 12 (2) (b) of its Act, draws 15per cent; the North East Development Commission, by virtue of Section 14(12) (b) of its Act, draws 10 per cent; and the National Agricultural Land Development Authority, by virtue of Section 18 (2) (a) of its Act, draws 10per cent.
He said, “The House is worried that efforts at making beneficiaries of the Ecological Fund accountable for their accrued shared funds in the last few years have been ignored. Sections 88 and 89 Constitution of the Federal Republic of Nigeria, 1999 (as amended) empowers the National Assembly to conduct investigation and power as to matters of evidence.”
Organ Harvesting Charges UK Court Denies Ekweremadu, Wife Bail
The arrest was announced by the London Metropolitan Police, yesterday, with officials saying that the couple would be charged promptly before a court in Uxbridge.
Ekweremadu appeared before a magistrate, yesterday afternoon, and was denied bail.
The case was subsequently adjourned until July 7, after the child involved was identified as a homeless 15-year-old from Lagos.
However, details of the alleged offence of Senator Ike Ekweremadu, and his wife, Beatrice Nwanneka, were unveiled, yesterday, as they were accused of plotting to traffic a homeless child from Lagos into the UK to harvest his organs.
The court heard the couple, who have four children and a house in Willesden, North London, hoped to transplant the boy’s organs to their daughter who suffers from kidney failure.
Police were alerted to potential offences under modern slavery laws last month and arrested the couple two days ago at Heathrow Airport as they attempted to board a plane to Turkey, the court heard.
Ekweremadu, 60, is said to have had £20,000 on him at the time of his arrest, according to prosecutors.
The child is now under the care of safeguarding authorities and the Metropolitan Police, officials say.
Ekweremadu, and accountant wife, Beatrice, 55, are charged with conspiracy to arrange or facilitate travel of another person with a view to exploitation, namely organ harvesting.
The senator was wearing a grey sweater while his wife was wearing a black and white knitted cardigan at Uxbridge Magistrates’ Court, yesterday.
Prosecutor Damla Ayas said: “It is conspiracy in relation to human trafficking offences for the purposes of organ harvesting. The victim in this case is 15 years old.
“They (the couple), were interviewed at the police station. Both of the defendants have provided a prepared statement.
“Mr Ekweremadu, in his prepared statement, denied allegations of human trafficking.
“He said at no stage has he arranged transport for anyone with intention to exploit them.”
His wife similarly denied the allegations in her prepared statement, the court heard.
Counsel to Ekweremadu, Gavin Irwin, said: “There is no question this is a serious allegation. Mr Ekweremadu is a member of the Senate in Nigeria.
“He has previously held an even more senior role as deputy president of the Senate.
“He is a member of the bar in Nigeria. He is a principal in a law firm that bears his name.
“Those issues taken together go way beyond him being a person of good character…rather that he has led a blameless life as a public servant.”
Irwin added that the allegations were “nothing short of preposterous”.
Also speaking, Counsel for Mrs Ekweremadu, Antonia Gray, said: “She has never been complicit or involved in any alleged illegal trafficking of any young person.
“She is a financial accountant with an unblemished record.”
The couple have an address they could stay at in Willesden, northwest London, the court heard.
The prosecutor made an application to adjourn the matters for 14 days.
Ms Ayas said: “In respect of these offences, Attorney General’s consent is required and the Crown requires 14 days for that to be obtained.”
Magistrate Lois Sheard said: “These are serious allegations and these matters are now adjourned until July 7, back here at Uxbridge.”
Ms Sheard remanded both defendants into custody ahead of their hearing next month.
The Ekweremadus are charged with “conspiring to arrange or facilitate travel of another person with a view to exploitation….between August 1, 2021 and May 5, 2022 within the jurisdiction of Central Criminal Court”.
The investigation was launched by the Met’s Specialist Crime team after detectives were alerted to potential offences under modern slavery legislation in May, 2022.
The Met Police has confirmed that the boy is safe and being looked after.
Mr Ekweremadu was held with Nwanneka Ekweremadu in Britain this month.
Ekweremadu has been an elected senator in Abuja since 2003 after moving into politics after years as a lawyer.
His wife, five years his junior, is an academic and doctor, and also a major public figure in Nigeria.
They are believed to have four adult children.
The Metropolitan Police has said that the child, who is under the age of 18, at the centre of the alleged plot, is in care.
Organ harvesting involves removing parts of the body, often for cash and against the victim’s will.
Ekweremadu has been in the UK for, at least, the past fortnight having met with members of the Nigerian community in Britain in Lincoln around 10 days ago.
He tweeted: “It was a pleasure and an honour to receive a letter of appointment by the University of Lincoln, UK, as Visiting Professor of Corporate and International Linkages. I also got a highly treasured gift – a copy of the Magna Carter. It was created in 1215, about 807 years ago”.
The investigation was launched after detectives were alerted to potential offences under modern slavery legislation in May, 2022, the force said.
Spokesman for Ekweremadu, Uche Anichukwu, confirmed that his principal had been held in the UK.
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