Connect with us

NEWS

Why Kalu-Eke Shunned Tinubu’s CBN Board Offer

Published

on

The South-East nominee of President Bola Ahmed Tinubu for the Board of Directors of the Central Bank of Nigeria (CBN) Urum Kalu-Eke has shunned the offer.

Biztellers reports that the Consultant shunned the nomination to avoid conflict of interest, being currently engaged with the World Bank and other global financial institutions.

The Senate got wind of the development in Abuja on Wednesday, in the course of confirming the five nominees sent to them by the President.

This was contained in the report of the Senate Committee on Banking, Insurance and other Financial Institutions, which was tabled by the Committee Chairman, Senator Adetokunbo Abiru (APC Lagos East).

The committee had responsibility for screening the nominees.

Sen Abiru informed the house that Kalu-Eke did not present himself for screening.

According to Sen Abiru, four other nominees, Robert Agbede , Ado Yakubu Wanka , Prof. Murtala Sabo Sagagi and Muslimat Olanike Aliyu, appeared before and were screened by the committee.

He submitted that the Committee found them worthy of confirmation for the appointments.

He thereafter urged the Senate to confirm appointments of the four nominees who attended the screening session and decline that of Kalu-Eke.

On Kalu-Eke’s rationale, a member of the Committee, Senator Orji Uzor Kalu (APC Abia North), informed the Senate that Kalu-Eke is one of his constituents.

He revealed that Kalu-Eke called him that he was declining the appointment to avoid conflict of interest.

According to Sen Kalu, Kalu-Eke is a consultant to the World Bank and other international financial institutions which would make him not have the required time to function well, as one of the directors of the CBN.

Sen Kalu said, “Mr President, I’m a member of the committee that carried out screening on nominees forwarded to the Senate for appointment as members of Board of Directors of CBN by President Bola Tinubu.

“During the screening exercise, Urum Kalu-Eke from Abia North, called me for not attending the session. He said that as a consultant to the World Bank and other international financial institutions, he wouldn’t take the appointment to avoid conflict of interest.”

Earlier in his presentation of report for confirmation of appointments of other nominees, Sen Abiru said all the nominees demonstrated comprehensive grasp of economic knowledge and policies.

He submitted that his committee did not receive any petition against any of the nominees.

Deputy President of the Senate, Senator Jibrin Barau, presiding over the session, put the matter to voice vote through which the house confirmed the nominees.

NEWS

$2bn Renewable Energy Funds Under Scrutiny As Reps Summon Ministers

Published

on

The House of Representatives Committee on Renewable Energy has summoned several key Ministers to appear on Wednesday to account for over $2 billion in investments and grants allocated for renewable energy development in Nigeria since 2015.

Despite this significant funding, power supply across the country remains poor, prompting the committee to question the effectiveness of these investments.

READ MORE: If It’s A Fair Election, I’ll Concede Defeat – Trump

The ministers expected to attend include Abubakar Kyari, Minister of Agriculture and Food Security; Uche Nnaji, Minister of Science, Technology, and Innovation; and Atiku Bagudu, Minister of Budget and Economic Planning.

This investigative hearing, chaired by Afam Ogene, representative of the Ogbaru Federal Constituency in Anambra State, aims to uncover how these funds were utilized and why they have not led to measurable improvements in energy access.

The hearings, scheduled for November 5 and 6, stem from a June 6 mandate directing the Committee to investigate the Ministries, Departments, and Agencies (MDAs) involved in managing renewable energy investments, procurement, and grants.

However, on the first day of the hearing, the ministers opted to send representatives, a move that disappointed Ogene and the committee.

Expressing his frustration, Ogene reminded officials that the Constitution grants the National Assembly power to summon public officers for investigative hearings.

He cited Section 81(1) of the Constitution, which states, “Each House of the National Assembly shall have power by resolution published in its journal or in the official Gazette of the Government of the Federation to direct an investigation into any matter or thing with respect to which it has the power to make laws.”

The Chairman emphasized that this authority also includes oversight of “the conduct of affairs of any person, authority, Ministry or government department charged, or intended to be charged, with the duty of or responsibility for executing or administering monies appropriated or to be appropriated by the National Assembly.”

During Tuesday’s hearing, Ogene invited the Minister of Budget and Economic Planning to deliver a presentation, only for Felix Okonkwo, a director in the ministry, to stand in on his behalf.

When questioned, Okonkwo admitted he was authorized to “take some responsibilities but not all,” prompting Ogene to insist that the minister appear in person on Wednesday.

“Tell your minister to appear before this committee on Wednesday. It is not meant to witch-hunt anybody. A situation where invitations are sent about three times to heads of MDAs and they would still not appear to make their presentations is not acceptable,” Ogene warned.

Similarly, when Suleiman Abubakar, Deputy Director of the Ministry of Science and Technology, tried to speak on behalf of his minister, Ogene instructed him to notify his principal to attend personally.

“You have no locus to stand in for the Minister. He should appear in person on Wednesday. We wrote to the Minister, not a directorate,” Ogene asserted.

Also summoned to the hearing on Wednesday are officials from the Office of the Accountant General of the Federation, the Niger Delta Power Holding Company, Union Bank of Nigeria Plc, and the Minister of Petroleum Resources (Gas), Ekperikpe Ekpo.

 

Continue Reading

International News

If It’s A Fair Election, I’ll Concede Defeat – Trump

Published

on

In a final push on Election Day, Republican presidential contender, Donald Trump expressed confidence about reclaiming the White House, while reiterating his concerns about the security of electronic voting machines.

After casting his ballot in Florida, Trump told reporters, “I feel very confident.”

He added, “I believe we ran a great campaign,” referring to his race against Democratic rival Kamala Harris.

READ MORE: Painkillers Damaged My Kidney, Says Ufoma McDermott[VIDEO]

While Trump voiced his confidence, he also underscored his willingness to accept defeat if the election was conducted fairly.

“If I lose an election, if it’s a fair election, I would be the first one to acknowledge it. So far, I think it’s been fair,” Trump said, though he added that his acceptance would hinge on perceived election integrity.

In particular, Trump has voiced concerns about electronic voting machines, suggesting they are less secure than paper ballots.

Wearing a red “Make America Great Again” cap, he remarked, “They spend all this money on machines… If they would use paper ballots, voter ID, proof of citizenship, and one-day voting, it would all be over by 10 o’clock in the evening. It’s crazy.”

Trump further commented on the potential for election unrest. When asked whether he would urge supporters to remain peaceful, he dismissed the question, asserting that his supporters are “not violent people.”

As voting concludes, Trump’s statements add to the polarized atmosphere of one of the most contentious U.S. elections in recent history, with the nation watching closely as results unfold.

 

Continue Reading

NEWS

Buhari Grieves Over Borno Flood, Jigawa Tanker Explosion

Published

on

 

Former President Muhammadu Buhari Tuesday undertook visits to two states-Borno and Jigawa to commiserate with the governments and their people, following the devastating floods that ravaged Borno and the deadly petroleum tanker explosion in Jigawa that claimed nearly 200 lives, all of which happened while he was away from the country.

The former president lamented the damage, destruction, and losses of life that attended the worst floods in many decades in Borno State, ascribing the catastrophic incident to destructive weather due to climate change.

He recalled his days as the Military Governor of the North-Eastern state-now split into six states – when, as said, “ we engaged in prayers for rain. Now, we are having the irony of the state being overwhelmed by rain.”

ALSO READ: JUST IN: Explosion Shakes Abuja As Fuel Tanker Overturns, Injures Many

He commended the efforts of the state and federal governments in the joint efforts to restore normalcy in the lives of the people, saying that having sent a delegation to condole the situation while he was away, he still felt unsatisfied with the gesture, necessitating the urge to make the trip to see things and personally commiserate with the state.

The state governor, Pro Umara Babagana Zulum and the Shehu of Borno, Abubakar Ibn Umar Garba Al Amin El-Kanemi thanked the former president for the “historic visit,” saying that the state would never forget the president who had visited more than any other, and one “who has done so much and so well for Nigeria and Borno state in particular.

“Without the 85 megawatts captive power plant you built here, Maiduguri would have continued in darkness. You gave us the North East Development Commission, a military university, a federal polytechnic, and a college of education and ensured the gradual return of peace after years of Boko Haram terrorism,” stated the Governor.

In Dutse, the Jigawa state, the acting governor, Engineer Aminu Usman led the former president to the Rasheed Shekoni University Teaching Hospital where he saw the victims of the fire explosion still on admission.

Muhammadu Buhari joined in prayers for the repose of the 180 plus so far dead, from the fire, and the quick recovery of those who are still on admission in hospitals.

The acting governor thanked the former president for the visit and for the cash donation to the victims of the disaster.

Continue Reading

Copyright © 2022. Biztellers, powered by Alphaxristi.