Politics
Opposition Reps Stage Walk Out During Plenary Over Ways And Means Bill
Members of opposition political parties in the House of Representatives, on Wednesday, staged a walkout over a bill seeking to raise the ways and means cash advances from five to 10 per cent.
The walk out came at plenary, after an amendment by the Minority Leader, Kingsley Chinda, that the ways and means be reduced to two per cent was rejected.
Section (38) of the CBN Act (2007) provides that the advance by the apex bank, in the form of ways and means, must not exceed five per cent of the previous year’s revenue of the federal government.
Hon Chinda moved the amendment during the consideration of the report on the bill at the committee of the whole, saying this would enhance transparency in federal government’s spending.
The report proposed raising the ways and means advances from the existing five to 15 per cent.
Chairman of the Committee on Finance, Hon James Faleke, however, opposed Hon Chinda’s amendment, urging the House not to go below the five per cent in the Act.
“For us to move on, we need to move up. For the issue of transparency and accountability, the Committee (on Banking and Currency) has the responsibility to oversight,” he said.
Contributing to the debate, Hon Ibrahim Isiaka, lawmaker from Ogun State, supported Hon Faleke’s position, proposing that it should be raised from five to 10 per cent.
On his part, former Deputy Speaker of the House, Idris Wase, from Plateau State, moved a motion for an amendment that 10 per cent should be maintained.
Benjamin Kalu, the Deputy Speaker and presiding officer, appealed to members for understanding, in view of the recent increase in the minimum wage of workers, saying the government needed more money.
“There is gap, and funding has to come from somewhere to bridge the gap in meeting government’s obligations,” he said.
Consequently, he called for a voice vote on Hon Wase’s amendment motion, the “nays” were louder than the “ayes,” but he ruled in favour of the “ayes.”
This provoked the lawmakers who loudly expressed their dissent with a repeated “no”.
It was at this point the opposition lawmakers, led by Hon Chinda, walked out of plenary.
Subsequently, the report was adopted and passed for third reading.
Ways and means is a loan facility through which the CBN finances federal government’s budget shortfalls.
The CBN law limits advances under ways and means to five per cent of the previous year’s revenue, but this has been observed in breach over the years.
Politics
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He predicted that before the next election cycle, Abia’s political landscape would witness broken alliances, surprising mergers, and new contenders emerging from within established networks.
Prophet Arogun concluded with a broader appeal to Nigeria’s political leaders, emphasizing the need for justice, peace, and integrity in public governance.
“Nigeria is the assignment. Only righteousness will stabilize this nation. Only fairness will preserve the mandate. Let those who have ears hear”, he said softly.
Politics
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Politics
Makarfi Resigns As PDP BoT Secretary
Senator Makarfi’s resignation comes on the heels of the national convention that saw the emergence of the new Chairman of PDP, Dr Kabiru Tanimu Turaki (SAN).
In his letter of resignation, which was addressed to the PDP BoT Chairman, Senator Adolphus Wabara, and made available to journalists in Kaduna on Monday evening, the former governor said, “Chairman and Members of the Board of Trustees may recall that about two months ago I had resigned as Secretary of the Board and posted same on the Board’s WhatsApp platform.
“Mr Chairman, you may also recall that you personally urged me to stay on until after a convention that produced a Chairman.”
He added that the principal reason he initially tendered his resignation then “and now, was and is still my belief that the National Chairman of the Party and Secretary of the Board of Trustees should not come from the same geopolitical zone.
“Now that a chairman has emerged from the North West, where I come from, it’s necessary to give him full space to do the needful. Accordingly, I hereby formally resign as Secretary of the Board of Trustees of the Peoples Democratic Party with effect from today, November 17th, 2025.”
While commending the BoT Chairman for his support during his tenure as Secretary of the Board, he stressed, “I truly appreciate the very respectful relationship between us during my period as Secretary,” adding that, “I also appreciate all Board members for their support and the good relationship that prevailed during my period as Secretary.”
Meanwhile, Dr Turaki on Monday pledged to ensure that power returns to the Nigerian people, urging the judiciary to uphold the tenets of democracy.
Dr Turaki, while giving his acceptance speech after the swearing-in of new officers at the end of the Elective Convention of the PDP in Ibadan, assured that there will be “no more impunity, no more suppression of the will of Nigerians”.
The chairman appealed to the judiciary to uphold the principles of stare decision, abiding by the decisions of the Supreme Court, and not to “willingly or unwillingly put yourselves in a situation where, rightly or wrongly, it may be assumed, correctly or incorrectly, that you are part and parcel of the process to truncate Nigerian democracy.”
According to him, the new leadership of the party would be open to listening to the yearnings of members, with a view to aligning with their will, declaring that “No more monkey dey work, baboon dey chop,” adding that “if baboon wants to chop, baboon must be seated to work.”
He noted that the PDP has maintained its original name, motto and logo, unlike the other parties that started with it, making it a recognised brand anywhere in Nigeria.
