Politics
No Budgetary Approval For CAC -Reps
The House of Representatives has said that there would be no 2022 budgetary approval for the Cooperate Affairs Commission (CAC) until its financial report from 2016 to 2020 is submitted.
Chairman, House Committee on Finance, Rep James Faleke, said this, yesterday in Abuja at the public hearing of 2022 to 2024 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).
Faleke called the attention of the Budget Office not to grant the commission any budgetary request until it cleared with the committee.
He said that the 2021 budgetary performance of CAC had already put it in deficit, adding that such spending would not augur well for the financial status of the country.
“I have worked in private organisation before coming to the House of Reps, and they will always regulate their expenses and not spend beyond what they generate.
“In you case, you borrow money upfront even before the money comes, therefore, you will have to submit your 2018 -2020 financial report before you are granted audience for 2022 budget,” Faleke said.
He added that from the documents submitted to the committee by the commission from 2016 to 2020, its revenue had always been lower than expenditure.
“You expended what you do not generate, this agency needs a total overhaul to turn it back to what is supposed to be.
“Today all the registration are done online, yet you are still carrying unbearable overhead, things need to change”, the committee stated.
However, the Registrar-General of CAC, Alhaji Abubakar, noted that most of the expenditures by the commission were settlement of liabilities
He stated that as at 2020 they had a liability of N2.024 billion, adding that the commission’s record was cleared and it had not been cooking its book as insinuated by a member of the House.
Politics
LP Crisis: Ex-NWC Member Dumps Dumps Abure Faction
Mr Ojukwu, who recently returned to the interim National Working Committee led by Senator Esther Nenadi Usman, noted that the party had 34 elected members in the House of Representatives, eight Senators, and 80 members at the state Houses of Assembly after the 2023 general elections.
“Now we lost all of them,” he said. “I don’t think we have as many as five members in the National Assembly.”
The former national officer of the LP talked to journalists in Abuja and said he chose to join the caretaker committee led by Senator Nenadi-Usman because they are now the officially recognized leaders of the Party.
“I chose to work with the caretaker committee to help save the Labour Party, for the benefit of the party. I also want to use this chance to ask my colleagues at the national, state, and local government levels to come together and help rebuild our party.
“Another election is around the corner. We lost everything we have. They have left to other political parties. So I’ll reach out to all my friends in the other group to get together and work on making this party stronger again.
“The caretaker committee has formed a reconciliation committee. Let’s come together and talk so that we can restore the first opposition political party in Nigeria.”
Mr Ojukwu, who was part of the Julius Abure’s group, said there are no more factions in the LP.
He added, “There is a court ruling, and since it is valid, the right people are in the correct positions.”
He urged Barr Abure and others to drop the legal cases they have filed because they are not helping the party.
“Litigations are killing political parties”, he said. “They’ve seen many political parties disappear because of legal battles, and the Labor Party is losing support every day, which makes me feel sad.”
Mr Ojukwu said he did not think joining the Senator Nenadi-Usman’s NWC was a betrayal of the Abure group, describing himself as “the oxygen” of that faction.
“I’m with this group because of the verdict. But I never betrayed anybody. Rather, I was betrayed,” he added.
