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FEC Greenlights N9.6bn Life Assurance For Federal Workers

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President Bola Tinubu, leading the Federal Executive Council (FEC) on Wednesday, sanctioned the allocation of N9.6 billion for Group Life Assurance, extending coverage to federal workers, ministers, para-military, and intelligence officers.

Minister of Information and National Orientation, Mohammed Idris, unveiled this significant decision as the FEC meeting concluded in Abuja, emphasizing the government’s dedication to the well-being and protection of its personnel.

In response to a memorandum presented by the Head of the Civil Service of the Federation, Folasade Yemi-Esan, Minister Mohammed Idris stated that President Bola Tinubu endorsed the allocation of approximately N9.6 billion to involve 12 local insurance firms.

This initiative aims to provide coverage for federal workers, safeguarding them in the event of unforeseen circumstances during the course of their duties.

He said “There are about 12 insurance companies involved. It is a normal annual cover that insurance companies give workers. So, in the event of death or severe injury, they can resort to and so that their families would not have to suffer.”

At the FEC meeting on Wednesday, the Oyo State Government received the green light to independently fund the reconstruction of the Ojoo Interchange at Moniya-Akinyele.

The Federal Executive Council (FEC) granted approval for the signing of an agreement between Nigeria and the UAE, focused on eliminating double taxation concerning income taxes and preventing tax evasion and avoidance.

The Attorney General was tasked with formulating an executive bill to address the double taxation issue, aiming to support the nation’s industries and foster Foreign Direct Investment.

Additionally, FEC endorsed the ratification of the agreement between Nigeria and the UAE for the reciprocal promotion and protection of investments.

In its deliberations, the Federal Executive Council (FEC) addressed the challenges faced by pharmaceutical companies, contemplating measures such as tax and excise duty reductions to ensure affordable drugs for the public.

Additionally, the 2024 budget reinstated funding for 13 previously defunded health regulatory agencies, emphasizing a commitment to bolstering the healthcare sector.

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Ex-Minister Ordered To Reveal Details Of N729bn Fund Disbursement

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The Federal High Court in Lagos has mandated Ms. Sadia Umar-Farouk, the former Minister of Humanitarian Affairs, Disaster Management, and Social Development, to publicly disclose the details of a N729 billion disbursement to 24.3 million Nigerians over six months.

Justice Deinde Dipeolu issued the order in response to a Freedom of Information lawsuit filed by the Socio-Economic Rights and Accountability Project (SERAP).

The lawsuit sought transparency regarding the list of beneficiaries, the states involved, and the payment breakdown per state.

The court’s decision compels Ms. Umar-Farouk to reveal the selection criteria for the beneficiaries and the mechanisms used to distribute the funds.

The court also ordered Ms. Umar-Farouk to explain the rationale for distributing N5,000 to 24.3 million poor Nigerians, which amounts to five percent of Nigeria’s N13.6 trillion budget for 2021.

In his verdict, Justice Dipeolu noted that the former Minister failed to provide any reason for not disclosing the details sought by SERAP and dismissed the objections raised by her counsel, supporting the plaintiff’s arguments.

The judge further stated that failing to perform an act as required by statute will be seen as non-compliance with the statutory provision and as delinquent conduct.

He further stated, “The minister filed a preliminary objection to this suit dated the 4th of October 2022 and a counter-affidavit to SERAP’s motion on notice. I will first deal with the minister’s preliminary objection because it bothers on the jurisdiction of this Court to entertain this suit.

“The grounds upon which the preliminary objection was filed are: whether this suit is not incompetent having not been commenced within 30 days after SERAP’s request for information was deemed to have been denied.

“Having not complied with the provision of Section 20 of the Freedom of Information, whether this Court can assume jurisdiction to entertain SERAP’s application.

As arguments on both issues, the minister’s counsel submitted that by the provision of Section 4,7(4) and 20 of the Freedom of Information Act, subject to lawful exceptions within the Act, a public institution has 7 days to grant a request for information, failure of which would be deemed denial.

“SERAP’s request was deemed denied on 6th July, which is the expiration of 7 days. Therefore, SERAP has 30 days pursuant to Section 20 of the Act to apply to this Court.

“SERAP’s 30 days within which to bring this suit expired on 5th of August 2021, whilst the motion on notice was filed on the 9th of November 2021, outside the 30 days stipulated by the Act. Consequently, this suit is statute barred.”

In response, SERAP’s counsel argued that this suit was not commenced via the motion of notice dated 8th November 2021. This suit was initiated by a motion exparte dated 13th July 2021 but filed on the 15th of July 2021, after the expiration of the 7 days period required of the minister to respond to the FOI request by SERAP.

“This is in compliance with Section 20 of the Freedom of Information Act and Order 34 Rule 3(1) of the Federal High Court (Civil Procedure) Rules 2019.

“The above are the submissions of counsel as regards the preliminary objection by the minister. I agree with SERAP’s counsel that the minister did not carry out a proper search of the casefile before filing the preliminary objection.”

 

 

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Tinubu Re-elected ECOWAS Chairman For Second Term

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President Bola Tinubu has been unanimously re-elected for another one-year term as Chairman of the ECOWAS Authority of Heads of States and Government.

His initial tenure, set to conclude on July 9, 2024, was extended during the 65th Ordinary Session of the Authority held at the State House in Abuja on Sunday.

READ ALSO: https://biztellers.com.ng/president-tinubu-hosts-65th-ecowas-summit-in-abuja/

In his acceptance speech, President Tinubu expressed his commitment to advancing democratic values and serving the collective interests of ECOWAS member states alongside his fellow leaders.

He said “I have accepted to continue to deliver on this service with the great men and women on this democratic journey, to serve our interest and build democratic values on the structure we inherited.”

 

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President Tinubu Hosts 65th ECOWAS Summit In Abuja

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President Bola Tinubu is currently hosting the 65th Ordinary Session of the ECOWAS Authority of Heads of State and Government in Abuja.

The meeting, held at the Banquet Hall of the Presidential Villa, is attended by dignitaries including the Diplomatic Corps.

Key agenda items include discussions on financing the standby force against terrorism and preventing unconstitutional changes of government.

READ ALSO: https://biztellers.com.ng/niger-mali-burkina-faso-cut-ties-with-ecowas-form-new-alliance/

Another significant focus is maintaining the cohesion of ECOWAS, particularly as Niger, Mali, and Burkina Faso have yet to fully reintegrate following their bans.

Olusegun Dada, Special Assistant to President Tinubu, shared footage on social media, stating, “President Bola Ahmed Tinubu (GCFR), President of Nigeria and Chairman of @ecowas_cedeao, hosts the 65th Ordinary Session of the ECOWAS Authority of Heads of State and Government in Abuja.”

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