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Senate Blasts BOI Boss Over Loan Beneficiaries 

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The Managing Director of Bank of Industry (BOI), Olukayode Pitan, came under fire in Senate on Wednesday, for not knowing  the beneficiaries of loans given out by the bank across the country.
The BOI boss ran into trouble while making submissions before  the Senate Committee on Industry for 2022 budget defence.
Mr. Pitan in his comment on loans given out by the bank, claimed that the bank does not know the loan beneficiaries, but the destination of the loan.
“Loans are given to commercial banks that provide guarantees, which then forwarded the money to the beneficiaries,” he said.
Angered by his submission, the trio of Senators Adamu Bulkachuwa (APC Bauchi North), Christopher Ekpenyong (PDP Akwa Ibom North West) and Danjuma La’ah (PDP Kaduna South) , said that they were in dark about the activities of Bank of Industry in their Senatorial Districts.
Senator  La’ah said, “I don’t know what is going on with Bank of Industry activities in my Senatorial district.” 
Senator Ekpenyong also  lamented that most members of  his Senatorial District were unable to access loans from Bank of Industry, adding Union Bank and United Bank of Africa (UBA) did not give Bank Gurantee to his people. 
Senator Bulkachuwa said, “The MD/CEO, you made comments while trying to answer my questions on the distributions of loan  beneficiaries. You actually said that you were not in the position to know exactly where these loans are going to, with regards to the geopolitical areas of the country.
“Does it mean that the Bank of Industry does not  know where the loans are going to and where the actual beneficiaries are located in the country? 
“If you don’t know , we are interested in knowing where those loans go to.
“You, the giver of the loan should be more interested in the loan and where each kobo you give out is going and which part of the country is benefiting. You should be able to know. You should not leave it for the commercial banks to handle alone.
“Our interest is to know how the bank of industry is performing its duty in terms of ensuring that industries are spread across the country.”
Mr. Pitan responded by saying that the senator misunderstood him, stressing that BOI was alive to its mandate. 
“We know where every kobo goes to, but not the beneficiaries because we are not the one determining   the beneficiaries. 
“The commercial banks are the ones that give guarantees because they are the ones that would finalise the process. 
“They determine where the loans go but there is no loan that goes out of the Bank of Industry that we on our own, don’t analyse. It is a requirement every month for the Bank of Industry to provide the document. We know exactly where our monies are.”
The Committee chaired by Senator Tokunbo Abiru (APC Lagos East), also expressed dissatisfaction with meagre allocation for the Micro, Small and Medium Enterprises which are the real drivers of economy in 2021 budget.
The Bank of Industry in 2021 budget released N165 billion to large enterprises in the country while Micro, Small and Medium Enterprises got N40 billion as at September, 2021.
But the Managing Director of BOI while defending the meagre allocation Micro, Small and Medium Enterprises said most people at that level were not ready to repay the loan, believing that the money was government money. 

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NEMA warns against scooping of fuel from accidented tankers

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The National Emergency Management Agency (NEMA) has warned against the practice of scooping fuel from accidented tankers, noting it has led to the loss of many lives and property.

The agency’s Head of Operations in Ibadan, Mr Kadiri Olanrewaju, cautioned during a sensitisation programme on tanker fire accidents, held on Wednesday at Akinyele Local Government Area (LGA) of Ibadan.

The News Agency of Nigeria (NAN) reports that the programme was held in collaboration with the Oyo State Emergency Management Agency (OYSEMA) in Akinyele LGA and other stakeholders.

Olanrewaju said Akinyele LGA was selected for the awareness campaign because of its strategic location as a trailer route from the northern to the southern part of the country.

“These agencies felt that it was necessary to bring this important message to critical stakeholders in communities under the Akinyele LGA, where we have major trailer parks.

“The campaign kick-started in Ogun; we will soon move to Osun.

“The focus is to drive strong sensitisation against the scooping of fuel at the grassroots level, especially for local governments along the trailer routes to reduce needless loss of lives and property,” he said.

He charged the Federal Road Safety Corps (FRSC) and other relevant agencies to enforce the laws against underage driving and ensure the proper certification and retraining of drivers.

The Administrative Secretary of OYSEMA, Mrs Ojuolape Busari, said that Community Development Associations (CDAs) were involved in the campaign to reach a larger number of people.

Busari noted that people still scoop fuel from accidented tankers because there had not been any serious punishment attached to the offence.

She, therefore, called for stiff penalties for anyone caught perpetrating the act.

“Apart from the risk of fire outbreak that may occur during the practice, it is stealing, which is a serious offence,” she said.

Earlier, the Executive Chairman of Akinyele LGA, Hon. Akinwole Akinyele, suggested that fuel transportation should be handled through the rail system, while leaving tankers for intra-city fuel transportation.

The chairman called for an urgent review of laws and policies related to fire services and road safety to meet the urgent and modern demands.

He said that the implementation of stricter fuel transportation regulations, vehicle maintenance, drivers’ training and retraining, and safer fuel handling practices remained crucial to the fuel distribution system in Nigeria.

“The attendant costs of tanker fire accidents have been huge, both in terms of the high number of fatalities and the loss or destruction of property, environmental damage, and public infrastructure,” he said.

NAN reports that the event featured technical sessions, lectures, and presentations from the FRSC, Nigeria Security and Civil Defence Corps (NSCDC), Fire Service, traditional and market leaders, among others.

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Democracy Day: Tinubu Addresses Joint N’Assembly Today 

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…To Confer National Honours On Select Lawmakers

President Bola Ahmed Tinubu will deliver a presidential address before a joint session of the National Assembly today as part of events marking Nigeria’s Democracy Day celebration.

The event is scheduled to be held in the House of Representatives chamber of the National Assembly Complex, Abuja.

This was confirmed in a statement released on Sunday by the spokesperson of the House of Representatives, Hon. Akin Rotimi.

The statement referenced an internal memorandum issued by the Clerk of the House, Yahaya Danzaria, officially notifying lawmakers of the proceedings.

According to the memorandum, the special joint sitting will begin at 11:00 a.m. with preliminary activities before the arrival of President Tinubu, who is expected at noon.

Democracy Day is observed annually on June 12 in remembrance of the 1993 presidential election, widely regarded as Nigeria’s most credible poll since independence.

The election was won by Chief Moshood Kashimawo Abiola but was annulled by the military government led by General Ibrahim Babangida (retd).

The theme for the 2025 celebration is “26 Years of Democracy: Renewing Our Commitment to National Development.”

President Tinubu is attending the event as the Special Guest of Honour and is expected to use the platform to reflect on the state of Nigeria’s democracy and present his administration’s vision for the future.

The session will also feature goodwill messages from former presiding officers of the National Assembly.

Meanwhile, the President will confer national honours on select legislators in what organisers describe as part of efforts to recognise contributions to democratic governance.

The National Assembly views the event as an important marker of Nigeria’s political evolution.“This joint sitting represents a significant moment in Nigeria’s democratic journey,” the statement read.

“It underscores the pivotal role of the National Assembly in safeguarding democratic values, fostering accountability, and advancing national development over the past 26 years of uninterrupted civil rule.”

Lawmakers also used the occasion to urge Nigerians to reflect on the country’s democratic progress and to renew their commitment to national unity and inclusive governance.

“The House of Representatives calls on all Nigerians to embrace the spirit of Democracy Day as a time for reflection, renewed patriotism, and commitment to building a more inclusive, prosperous, and united nation,” the statement said.

Meanwhile, the Federal Government has declared today as a public holiday, to commemorate this year’s Democracy Day celebration held every June 12.

June 12 was officially designated as Nigeria’s Democracy Day in 2018, to honour the annulled 1993 presidential election, widely considered the freest and fairest in the nation’s history and won by Chief MKO Abiola.

In a statement announcing the holiday, the Minister of Interior, Dr Olubunmi Tunji-Ojo, on behalf of the Federal Government, congratulated citizens on the occasion of 26 years of uninterrupted democratic rule in the country.

“June 12 represents our historic journey to building a nation where truth and justice reign, and peace is sustained and our future assured,” Tunji-Ojo stated.

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Rivers Women Celebrate Fubara’s Second Year Anniversary With Thanksgiving

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Rivers women, under the aegis of Rivers Women Unite for SIM, have celebrated the second year anniversary of the suspended Governor of Rivers State, Sir Siminalayi Fubara, with praise and thanksgiving.
The women, who gathered at the Ecumenical Centre, Port Harcourt, last Thursday, said that no matter the prevailing circumstances in the State, Fubara has shown great capacity in leadership and deserves to be celebrated.
They emphasised that their gathering was to thank God for what He has done through Fubara and the expected restoration and peace within the State.
They commended Rivers people and all Nigerians who have been standing by the Governor and Rivers people all through these trying times, saying it is now time for peace, reconciliation and restoration.
Speaking on behalf of the women, Dr. Queen Idanyingi Karibi Botoye, said the women have been consistently praying for the State and its leaders.
She urged the leaders of the State to put their differences behind and think about the people first and come together to advance the interest of the State.
The women assured that their prayers will continue until God restores the glory of the State and ensures greater harmony amongst its leaders and people.

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