NEWS
Senate committee probes N1.7tr service Wide votes
From John Danjuma
Senate panel on Public Accounts has said it will probe the utilization of over 1.7 trillion Service Wide Votes allocation in the 2017-2021 budgets disbursed to government agencies
Service Wide Vote which is also known as the Consolidated Revenue Fund Charge is more or less the country’s contingency fund in the annual budget.
Service Wide Vote is a huge sum of money which is reserved as contingency against unforeseen expenditures by Government.
The recurrent expenditure aspect of the fund is what is actually referred to as the SWV, while the capital part is called Capital Supplementation. The SWV is domiciled in the Federal Ministry of Finance.
During a meeting of the Committee, its chairman Senator Matthew Urhogbide made the disclosure saying beneficiary government agencies must explain how they utilised the fund.
He added that Service Wide Votes is a disbursement into shortfall in capital and overheads.
The Chairman also ordered the Acting Accountant General of the Federation, Okolieaboh Sylva, who appeared before the Committee to submit details of disbursement of Service Wide Votes as quickly as possible.
According to him, “We want you to submit details of disbursement of Service Wide Votes, let us have it as quickly as possible, please we want speed.
“The other one that concerns you is the disbursement of Service Wide Votes from 2017-2021, you have not submitted the 2021 disbursement, let us have that of 2022 as quickly as possible, the reason is because we have 797 agencies to deal with all the letters, we have decided to put them on hold until we get your report of 2021, so that we don’t start writing fresh letters on 2021 again as soon as possible.
“We need to input it into our report, let be able to know that you have exercise a level of cooperation with us, give us hard copies for our members to study.
READ ALSO” Senate asks Ogun-Osun River Basin to Refund contract inflation of N450m
“We have to take you first before any other agency, you will have to appear first week of our resumption.”
Speaking further with journalists, he said the agencies need to explain how the Service Wide Votes collected have been spent adding that the Committee will need to know who authorised the disbursement of funds from Service Wide Votes, who applied for it, the authority to incure the expenditure and the supporting documents.
He said for the first time, the Senate is making inquisition into Service Wide Votes.
It could be recalled that Urhoghide, had complained about the SWV noting that they (his committee) had yet to find out how disbursement for SWV both recurrent and capital expenditure are being utilised.
According to the lawmaker, his committee has made several attempts in the past years to ensure that heads of Ministries, Departments and Agencies (MDAs) give account of what they got from the SWV but all efforts have been futile.
NEWS
Simon Ekpa’s Arrest Will Restore Peace In South East, Says Enugu Gov’t
The Enugu State Government has commended the Republic of Finland for the arrest of Simon Ekpa, a Finland-based leader of the proscribed separatist group, Autopilots.
Ekpa has been accused of orchestrating violence and chaos in Nigeria’s South East region.
In a statement issued on Friday by the Secretary to the State Government, Prof. Chidiebere Onyia, the government described Ekpa as a “common criminal, con man, and terrorist” who has exploited the Igbo people while claiming to represent their interests.
RELATED NEWS: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations
“The Enugu State Government welcomes the arrest of the Finland-based terrorist, Simon Ekpa,” the statement read.
“His arrest and trial will no doubt go a long way in strengthening peace, security, and stability in all parts of the South East.”
The state government accused Ekpa of sponsoring violent activities that have resulted in the loss of lives, destruction of property, and disruption of the region’s economic activities.
It stated that Ekpa’s actions were driven by personal greed and not genuine concern for the Igbo people.
Onyia said, “Ekpa is a murderer and fraudster who delights in killing his people and living large off their misery.
“He thrives on manipulating, exploiting, and extorting the people on the pretext of fighting for their interest and for the restoration of Biafra.”
The government emphasized its readiness to provide evidence of Ekpa’s alleged crimes to support his prosecution, whether in Finland or Nigeria.
“This arrest is in line with the demand of the Governor Peter Mbah Administration, which has repeatedly made it known that Ekpa is a megalomaniac, common criminal, murderer, and fraudster who takes joy in feeding fat on the manipulated emotions of Ndigbo and inflicting misery on the South East region,” the statement added.
The government further criticized Ekpa for fostering a climate of fear and insecurity that has harmed the entrepreneurial spirit and economic growth of the Igbo people.
“Ekpa has for long, and unfortunately from Finland, made a living by creating a siege climate and mentality in the South East, destroying lives, property, and the Igbo trademark of entrepreneurship and hard work,” Onyia said.
The Enugu State Government expressed optimism that Ekpa’s arrest would mark a turning point in the quest for peace and stability in the South East, urging residents to remain vigilant and supportive of ongoing efforts to restore normalcy in the region.
NEWS
JUST IN: COP29 Proposes $250bn Annual Climate Finance Target For Developing Nations
The COP29 presidency has unveiled an ambitious climate finance plan, calling on developed nations to provide $250 billion annually to developing countries by 2035.
The proposal, part of a broader initiative to mobilize $1.3 trillion from public and private sources each year, seeks to address the mounting challenges posed by climate change.
The five-page draft text, released on Friday, emphasizes the need for developed nations to lead the charge in financing climate action.
RELATED NEWS: COP29: Climate Summit Faces Deadlock Over Vague Funding Proposals For Vulnerable Nations
According to the document, this financial commitment is seen as a critical step toward combating the climate crisis and fostering sustainable development globally.
“In this context, it is decided to set a goal in extension of the goal referred to in paragraph 53 of decision 1/CP.21, with developed country Parties taking the lead, to USD 250 billion per year by 2035 for developing country Parties for climate action,” the draft states.
The announcement follows the release of an earlier 10-page draft on Thursday, which drew significant criticism from Global South delegations.
Many expressed frustration that the document lacked clear financial commitments from wealthier nations, falling short of expectations to support adaptation and mitigation efforts.
“There is a clear need to address the principle of common but differentiated responsibilities, especially given the diverse circumstances shaping national priorities,” a negotiator from a developing country delegation remarked.
The updated proposal aims to address some of these concerns by outlining more specific targets. However, skepticism remains among some negotiators, who feel the revisions still fail to adequately address their demands.
Meanwhile, developed countries have raised their own reservations about the proposed plan.
A European negotiator, speaking to Reuters, described the $250 billion annual target as unrealistic and criticized the lack of measures to expand the pool of contributing countries.
“No one is comfortable with the number because it’s high, and there’s almost nothing on broadening the contributor base,” the negotiator said.
The mixed reactions underscore the persistent divide between developed and developing nations in climate negotiations.
While the draft text aims to reconcile these differences, the gap between expectations and commitments remains a significant hurdle.
NEWS
Moghalu Prescribes Good Governance As Panacea To Ethnic Agitation
The President of the African School of Governance, Kingsley Chiedu Moghalu has admonished state actors against resorting to brutal force in the bid to muscle out separatist agitators.
In the aftermath of Mazi Simon Ekpa, the Finland based Biafran nationalist agitator being caught in legal web and the Nigerian government moving swiftly to seek his repatriation, the former deputy governor of the Central Bank of Nigeria (CBN) has cautioned that ‘We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.’
ALSO READ: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations
The political economist, while expressing his hope in Nigeria, made it clear that “hope is not a strategy”.
He bared his mind in a series of posts on his verified handle on micro-blogging site, X on Friday.
Moghalu wrote, “Despite sustained contemporary difficulties, I am hopeful about Nigeria. But hope is not a strategy. We need to improve state capacity for effective governance.
“We either fix our problems, or our problems will eventually “fix” us. No alternative to a renegotiated union.
“We must learn to be honest with ourselves and address the root causes of our problems. Why ignore them, when the problem is actually quite solvable? The problem with continuing with this approach is that when the danger crystallizes, those who thought they were benefiting from