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.
Accordingg to the statement, the Board and National Executive Committee of PANDEF, noted with very grave concern the recent spate of political developments in Rivers State.
“Regrettably, these developments have now degenerated into the decision of the Rivers State House of Assembly to commence impeachment proceedings against the governor and deputy governor.
“This is a deeply disturbing situation that demands urgent attention in order to forestall further escalation and breakdown of law and order.
“This concern is heightened by the critical importance and strategic centrality of Rivers to the Niger Delta region and to the broader socio-political stability and economic wellbeing of Nigeria as a whole”, the statement said.
The Forum called on all parties involved in the resurgent political imbroglio to sheathe their swords and embrace peace.
“This should be guided by the principles of give-and-take, dialogue, tolerance, and political equanimity.
“All stakeholders must place paramount importance on peace, development and the welfare of the people of Rivers.
“We must now focus squarely on good governance and development of the state,” the Forum said.
PANDEF commended President Bola Tinubu, the leadership of the All Progressives Congress (APC), respected elders of Rivers State, and other well-meaning Nigerians for their previous and ongoing efforts aimed at restoring peace and stability in the state.
Speaking in an interview on Saturday, January 10, Chief Sara-Igbe alleged that the minister had flouted regulations governing the commencement of electioneering campaigns by moving from one local government area to another to galvanise political support.
According to him, the action amounted to a clear breach of electoral guidelines being carried out with a troubling sense of impunity that could undermine the rule of law.
“Wike has violated the electoral laws of campaigning by going from local government to local government to talk to the people. He travelled from one local government to another. As a result of his visits to local government areas, he has broken election regulations and continues to do all these things without fear of repercussions”, Chief Sara-Igbe said.
The remarks came as Chief Wike was set to round off a state-wide “thank-you” tour that covered all 23 local government areas of Rivers State.
Although the minister had described the tour as an appreciation visit following support for President Bola Tinubu in the 2023 general elections, critics say the engagements have assumed an overtly political character.
Observers note that during several stops, including recent visits to Andoni and Bonny local government areas, the minister rallied supporters across party lines under what he termed a “Rainbow Coalition,” a move widely interpreted as part of a broader political strategy.
During these engagements, Chief Wike was also reported to have made remarks perceived as a veiled challenge to the authority of Governor Siminalayi Fubara, while repeatedly referencing the 2027 elections and urging supporters to prepare to “correct the mistake” of 2023.
Chief Sara-Igbe warned that allowing such activities to continue unchecked could erode public confidence in Nigeria’s electoral process and called on relevant authorities to enforce existing laws without fear or favour.
The Commission, in a statement on Wednesday, claimed that there were plans by the same group to escalate a smear campaign against its Chairman, Ola Olukoyede, to frustrate ongoing investigations and prosecutions involving prominent individuals.
The statement endorsed by the agency’s spokesman, Mr Dele Oyewale, claimed that the action was intended to distract the Commission through unfounded allegations of political bias in the discharge of its duties.
The EFCC warned that it would not stand by and watch “those recruited into this ignoble enterprise” or allow any attempt to derail it from “the patriotic task of improving public accountability in Nigeria.”
The Commission made it clear that those recruited into this venture were under close watch, adding that it would not tolerate any attempt to distract it from the patriotic task of improving public accountability in Nigeria.
“The EFCC reiterates its non-political stance in all its activities. Facts on the ground clearly show that any political actor belonging to the ruling party or opposition party, with corruption baggage, has no hiding place from the operational radar and dynamics of the Commission.
“As a matter of fact, several strong members of the ruling and opposition parties are either facing trial before the courts or being investigated by the Commission.
“It is needful that Nigerians appreciate the fact that the Commission is keeping faith with its Establishment Act in all its operations.
“Therefore, the Commission reiterates its commitment to justice, without fear or favour, in the fulfilment of its mandate,” the statement pointed out.
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