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Why Kalu-Eke Shunned Tinubu’s CBN Board Offer

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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.

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XEJET Airlines Plane Skids Off Runway At Lagos Airport

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In a worrying incident, a XEJET Airlines aircraft carrying 52 passengers veered off the runway at the Murtala Muhammed Airport in Lagos on Saturday, just 16 days after Dana Air was shut down by the Nigerian Civil Aviation Authorities.

The Airbus, with registration number 5N-BZZ, departed from Abuja and landed in Lagos at 11:29 am.

However, it skidded off the runway of the domestic wing of the airport, prompting the Federal Airports Authority of Nigeria to shut down the 18/Left runway.

The Nigerian Safety Investigation Bureau (NSIB) confirmed the incident and is investigating the cause of the skid.

No injuries or fatalities were reported, and an investigation is ongoing.

 

 

 

Details later…….. 

 

 

 

 

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Umahi Vows To Tackle House Scrutiny On N15tn Lagos – Calabar Coastal Highway Project

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Senator David Umahi, the Minister of Works, has announced his firm commitment to face the House of Representatives’ scrutiny regarding the contentious N15 trillion Lagos-Calabar Coastal Highway road project.

Umahi also revealed plans to broadcast the proceedings live on television, ensuring transparency and accessibility for all Nigerians.

Emphasizing the project’s integrity, Umahi affirmed that he and the Ministry of Works meticulously adhered to proper procedures, securing all requisite approvals and documentation prior to project initiation.

He said, “I am ready to face the National Assembly to defend the project. I will not want to say anything now till I meet with the Senators and House of Reps members. It will be live so you will also hear it. It will be live so that Nigerians will see it.

“When people say the project is on personal interest, there is a contradiction there. This is because Atiku Abubakar said the Jonathan administration wanted to do that project which would have cost about $12bn or so. So, whose interest was that administration promoting in trying to do that project?

“I have a design from the NDDC (Niger Delta Development Commission) on that project. The NDDC designs are quite bulky. When I was implementing this current project, I had to call for the design.

“There is no personal interest in this project. The idea of that project came from the ingenuity of Mr President (Bola Tinubu) when he was governor; he was the one who procured the right of way within the Lagos corridor and gazetted it.

“The reason for the project taking off now is all about how we can inject some activities into the economy. If we want to come out of inflation, we have to look at investments in infrastructure and that is what this project is addressing. It is addressing a lot of elements of return on investments. There is no personal interest associated with that.

“It is quite petty to ask why it is starting from Lagos and not Calabar. The name of the project is ‘Lagos-Calabar Coastal Road’ and not the other way around. This means there is a zero point, which happens to be at Ahmadu Bello Way, which coincides with the Eko Atlantic.”

On status of the project he opined “That is pure coincidence. We have started the project already and it is progressing. As of today, I can tell you that about 80 per cent of the first 1.3km is completed.”

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JUST IN: Tension Mounts As Police Secure Rivers Assembly Amid Crisis

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The standoff between Governor Siminalayi Fubara of Rivers State and Minister of the Federal Capital Territory (FCT), Nyesom Wike, intensified on Friday as police presence swelled at the House of Assembly quarters along Aba Road, Port Harcourt.

With approximately 30 officers securing both the primary and secondary entrances and an additional 25 patrol vans blocking other access points, the situation grew increasingly tense.

This development followed accusations by House Speaker Martins Amaewhule, who alleged Governor Fubara’s involvement in plans to demolish the legislative quarters.

Governor Siminalayi Fubara  had made a surprise visit to the facility on Thursday afternoon, stating that he wanted to assess the premises following the appointment of a new Speaker.

He said, “Is the Assembly quarters not part of my property? Is there anything wrong in going to check how things are going on there?

“You are aware of the developments. We have a new Speaker, and I went there to see for myself how things are. There might be a few things I might want to do there for the good of our people.”

According to reports, after Amaewhule’s alarm, anti-Fubara lawmakers and certain All Progressives Congress (APC) chieftains maintained a vigil around the estate until Friday.

Earlier, a Rivers court had restrained the Pro-Wike lawmakers from identifying themselves as legislators, declaring their seats vacant. Meanwhile, the ‘Sim Media Volunteers’ group, during a news briefing in Port Harcourt on Friday, urged the Inspector-General of Police to oversee police activities in the state and ensure adherence to rules of engagement.

Frank Kilsi, the Convener, expressed concern over the arrest and intimidation of the governor’s supporters by the police, warning that such actions could lead to anarchy.

Kilsi stated, “We call on the Inspector-General of Police to rein in his men and exercise restraint by stopping the unnecessary attack or wanton arrest on any of the governor’s supporters, as further harassment could lead to anarchy and breakdown of law and order that may not do our state any good.

“We, the youths of the state, under the aegis of SIM Media Volunteers do hereby emphasize the need for peace, justice and development in Rivers State.

“We implore all relevant stakeholders such as the citizens, political leaders, traditional institutions and law enforcement agencies, to ensure that the rights and freedom of the people are upheld and protected at all times.

“To this end, we would like to acknowledge and applaud the great youths of Rivers State for being peaceful and law-abiding even in the face of provocation”.

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