Tag: Senate

  • Senate intensifies campaign against Bitcoin, Ponzi schemes

    …tasks CBN, NDIC, NSE to take up campaign against return of ponzi schemes

    The Senate on Tuesday asked the Central Bank of Nigeria (CBN) the Nigeria Deposit Insurance Corporation (NDIC) and the Nigerian Stock Exchange (NSE) to mount campaign against Bit-coin, a form of Crypto- currency scheme.

    The resolution followed a motion by Senator Benjamin Uwajumogu (APC, Imo) on urgent need to investigate the proliferation of Bit-coin.


    Senate urged the financial institutions to make an unequivocal statement across all news platforms in all dialects on the dangers of Bit-coin as a store of value in Nigeria.

    It also called on the National Orientation Agency (NOA) to spread news against all forms of wonder banks and ponzi schemes operating in Nigeria.

    Senate committee on banking and other financial institutions was given two weeks to investigate the viability of Bit-coin as form of investment, come up with recommendations on how to control its uses/ trade.

    Moving the motion, Uwajumogu noted with deep concern, that Nigerians were freely advised and even persuaded to invest in this crypto currency, as it promised quick returns in certain instances, a triple or quadruple of the invested sum as profit within days.

    JP Morgan, the world renowned investment bank, in a conference held in New York City USA, and reported in the US guardian, noted that ”The digital currency (bit-coin) was only fit for drug dealers and would eventually blow up”, this reaffirmed the advice of the German Central Bank and the Reserve Bank of India against investing in Bit-coin.

    Bit-coin, is not recognized by the Central Bank, does not exist in any tangible form and is also not subject to any international or local monetary regulations, or backed up by any established government institution for that matter,” he said.

    He recalled that the MMM bubble of 2016, left millions of Nigerian families broken, devastated and many business men lost all their capital in the phony scheme.

    In his remark, Deputy Senate President Ike Ekweremadu, who presided the plenary session said any investment that promises quick return would only lead to destruction.

     

  • Senate suspends security summit in honour of Ekwueme

    The national summit on security being organised by the Senate has been postponed in honour of the late former Vice President, Alex Ekwueme who will be buried on Saturday.

    The summit, scheduled to hold on February 1 and 5 at the Banquet Hall of the State House was to be declared open by President Muhammadu Buhari.

    A statement by the chairman of the Chairman, Senate ad-hoc committee on review of security infrastructure who is also the Majority Leader, Sen. Ahmed Lawan, stated that the postponement was to honour the late former Vice President, and to also enable Federal legislators, particularly those from the South-East, participate fully in the burial programme of the late elder statement.

    Lawan said a new date for the summit would be announced in due course, and extend the committee’s apology to the invited dignitaries.
    The summit was organised to provide an all inclusive platform for heads of security and defence agencies, Governors, traditional rulers, socio-cultural groups, civil society organizations and others, with a view to finding solutions to acute and long term security challenges in the country.

    Though the now postponed summit was an initiative of the Senate as part of its contribution to the resolution of the rising security challenges, it is being convened in partnership with the Presidency to find a common solution to the issue.

  • Nobody can remove Saraki from office – Senate

    The Senators of the Federal Republic of Nigeria has once again reiterated their support for their leader, Bukola Saraki, insisting nobody can remove him from office.

    Senate Spokesperson, Sabi Abdullahi, made this known while speaking with reporters at the weekend.

    Mr. Abdullahi noted that the Senate president has provided stability not only in the National Assembly, but the entire country, ThisDay reported.

    “Nobody can remove Saraki. We elected him and we are not ready to remove him yet. From day one, ‘they’ never wanted Saraki. What we are saying is that the right to choose the Senate President lies with senators and we have chosen our leader.

    “From everything he has been doing as chairman of the National Assembly and as President of the Senate, he has provided stability. He has not only brought this to the National Assembly, but the entire country.

    “The true face of democracy is the parliament and since Saraki came in, we have not failed this democracy,”

    He noted that it was in Nigeria’s interest that the stability in the National Assembly be allowed to endure so that all hands can be on deck to tackle the challenges in the country.

    While speaking on the appointment of the Director General of the Nigeria Intelligence Agency, Ahmed Abubakar, Isa Misau, Bauchi-APC accused a minister of leading a plot to remove the Senate president.

    “When we were on holiday, so many people were going behind that they should try and remove the senate president. And it was a minister that was spearheading that thing. What is the reason, they said that the senate president would leave APC that they should create problems for him (Saraki). What kind of country is this? Everything is about religion, about tribe,” he said.

  • Buhari, Senate leaders meet over Benue killings

    President Muhammadu Buhari yesterday met with the leadership of the National Assembly led by the Senate President, Bukola Saraki at the Aso Rock Villa.

    Saraki who spoke briefly at the end of the meeting said they were at the villa to brief the president on the decisions and resolutions of the Senate regarding the Benue crisis.

    The Senate had during plenary on Tuesday given the Inspector General of Police, Ibrahim Idris, 14 days to arrest and prosecute the perpetrators of violence in Benue State. Over 70 people have been killed in Benue in 2018 in attacks by suspected herdsmen.

    A Senate committee report said ‘faceless people’ were sponsoring and harbouring foreign mercenaries who have been perpetrating killings in Benue and other parts of Nigeria. Mr. Saraki on Tuesday told reporters at the Villa that they successfully briefed the president, who received them well.

    On his part, the Senior Special Assistant to the President on National Assembly matters, Ita Enang, commended the Senate for its “robust debate on the crisis devoid of sentiments.”

    The Senate’s interim report by the ad-hoc committee on the review of the current security infrastructure in Nigeria noted that the situation in Benue is a manifestation of the larger security crisis in Nigeria.

    The chairman of the committee, Ahmed Lawan, who led the committee on a visit to Benue State presented the report on Tuesday.

    “It is very clear from our interaction that some faceless people are sponsoring and harbouring the well trained foreign mercenary elements and using them to unleash violence and criminality in Nigeria‘s rural space,” Mr. Lawan said.

  • Benue killings: Senate gives IGP 14-day ultimatum

    The Senate has given the Inspector-General of Police (IGP) Mr Ibrahim Idris 14 days ultimatum to arrest and investigate the perpetrators of Benue killings.

    This position was sequel to the consideration of a report of the Senate Ad Hoc Committee on the Review of the Current Security Infrastructure in Nigeria.

    The committee had on Friday last week, visited Benue to ascertain the level of killings in the state.

    The report was presented by Chairman of the Committee, Sen. Ahmed Lawan during plenary on Tuesday.

    He said the recommendations of the committee included re-examining, revamping and reinventing the nation’s security architecture and infrastructure in order to ensure that no community or entity was left unsecured and unsafe.

    Lawan who is also the Senate Leader said other recommendations are for the Senate to convene as a matter of utmost urgency a national security summit.

    He said the committee recommended that government should examine the recurring violence and mayhem visited rural communities before they become an existential threat to national cohesion and national survival.

    “The Federal Government should examine the deployment of security personnel in our rural communities and borders to ensure that no one gets in or out of the country without proper documentation and regular surveillance.

    “The Federal Government should ensure full compliance with the letter and spirit of the ECOWAS protocol on free movement of persons, cattle and goods with a view to ensuring that it is administered strictly to preserve the interests, safety and security of Nigeria and its people.

    “The Federal Government should immediately re-examine the current deployment of security forces, particularly the Police, DSS and Civil Defence Corp, etc. in order to strengthen their presence in the rural areas,” he said.

    He said government should beef up and re-strategise its deployment of security intelligence capabilities with a view to obtaining actionable intelligence about impending attacks and plots in order to forestall and prevent the recurrence of rural violence and inter-ethnic conflagrations.

    “The Federal and Benue State Government should ensure that all those living in IDP camps are properly catered for and the burnt infrastructure in their communities are properly rebuilt to enable the people return and resume their normal lives.

    “The government through the Ministry of Agriculture should as a matter of urgency convene a special National Council on Agriculture meeting to deliberate on the development and modernization of Nigeria’s livestock and dairy industry.”

    In an additional prayer Sen. Philip Aduda (PDP-FCT) said the President of the Senate should meet with President Muhammadu Buhari with the recommendations for immediate implementation to douse the tension in the country.

    The prayer was supported by Sen. Kabiru Gaya (APC-Kano)

    In his contribution, the Deputy President of the Senate,Mr Ike Ekweremadu said “the killings that is going on in Nigeria are assuming an alarming proportion and very disturbing.”

    He said as a responsible parliament, the senate must rise to the situation by saying “enough is enough”.

    “I don’t expect us to sit down here and not do anything. Nigerians expect us not only to say something but do something.

    “I believe that the recommendations of the Senate Leader would be of great help in addressing these problems.

    “Nigerians are not only worried but the international community are also worried.”

    He, however, stressed the need for social contract which hinged on security and welfare of the citizenry.

    Similarly, Sen. David Mark (PDP-Benue South) said this was a national issue.

    “There are immediate solutions and long term solutions to the problem. Creation of cattle colonies, devolution of power and state police those are long term solutions because we cannot do that first thing tomorrow.

    “Presently, there is no intelligence transmission between the herders, villages and the government or if there is, government is not proactive, government is not acting on intelligence.

    “Nigeria is not the country with the largest cattle in the world. There are modern ways of doing things and we must grow with time. We cannot be operating on archaic system.”

    On his part, Sen. Shehu Sani(APC-Kaduna) said cautioned against viewing the crisis from religious and ethnic perspective adding “if you are faced with a crisis and you use ethnic or religious lenses to view at it, you will see a religious, ethnic or sectional image.

    “This is not the time for diplomacy and courtesy. This is the time to provide leadership for a nation that is in national emergency and national distress,” Sani said.

    He said there must be a clear distinction between armed herdsmen who must be confronted frontally and Fulani cattle rearers.

    Also speaking, Sen. Mao Ohuabunwa (PDP-Abia) attributed the killings to lack of jobs in the country.

    He urged the Federal Government to pass the Peace Corps bill into law for intelligence gathering at the grassroots.

    In his remarks, President of the Senate Dr Bukola Saraki noted that the Senate’s debate on the clashes between herdsmen and farmers in Benue and other states had shown that it was not religious-based.

    “It was a breakdown of law and order in that part of the country.

    “I commend my Distinguished Colleagues for their sincerity and patriotism during this debate. This killing is also a wake up call for all of us to put all hands on deck to address this crisis.

    “We want to see immediate action. One point raised here today is the issue of justice. Without justice we cannot see unity and that justice stands as one of our recommendations.

    “In the next 14 days, the Inspector General of Police must find the perpetrators, arrest them, and the Attorney General of Benue State must prosecute them. That is the minimum requirement and it must happen,” he said.

    “Our resolution is that some of our discussions here need to be conveyed to Mr. President. We appreciate his actions for calling us and giving us a brief on what has happened. Hence, we owe it to him to tell him what we have discussed and the seriousness with which we have taken the issue.

    “It is a wake up call for him and it is a wake up call for us. It is a wake–up call for this government. We must address the issue of security. We cannot continue to allow this violence to keep going on from one state to another. Therefore, something needs to be done,” Saraki said.

     

  • Maina’s Case: What’re you afraid of?, Senate asks AGF

    The Senate has asked the Attorney General of the Federation (AGF), Mr. Abubakar Malami, SAN, to explain to Nigerians why he has been running around the courts seeking to stop the probe by the two chambers of the National Assembly into how Mr. Abdulrashid Maina, an Assistant Director in the Ministry of Interior, was surreptitiously reinstated into the service after being dismissed.

    In a statement by Senator Aliyu Sabi Abdullahi, Chairman of the Senate Committee on Media and Public Affairs, the Senate said it was surprised that the AGF who had utilized the ample opportunity given to him by both chambers of the National Assembly to state his case on the Maina issue is now the one going to court to stop the legislature’s investigation.

    “We are wondering what the AGF is afraid of. When he appeared before our committee, he was well received and fairly treated. He indeed expressed his happiness with the protection given to him by the committee handling the Maina case. Why then is it very important and urgent for him to stop the investigative hearing? What is the AGF trying to hide?

    “Let it be known that the legislature has the power of investigation on all institutions, bodies and individuals, particularly those who access funds that have been appropriated by us. We, however, expressed our commendation to the judiciary for upholding the principles of separation of powers and insisting on fair hearing. We believe that is the reason why the judge refused to grant the prayers of the AGF yesterday and rather insisted that the National Assembly should be put on notice and served all the court processes so that we could enter our own defence.

    “While we respect the position of the court and would respond accordingly, the Senate has further directed the committee investigating the Maina issue to expedite action and submit their reports on time. The Senate believes Nigerians are interested in knowing the how, who, why and where of what is now known as the ‘Maina Gate’. We definitely will not allow those who want the facts buried to prevail”, Abdullahi stated.

  • Maina: Senate wonders why Malami is afraid of being investigated

    The Nigerian Senate has asked the Minister of Justice and Attorney General of the Federation (AGF), Abubakar Malami, to explain why he is afraid of probe into his involvement in the reinstatement of ex-pension boss, Abdulrasheed Maina.

    In a statement released by the Chairman Senate Committee on Media and Publicity Affairs, Senator Sabi Abdullahi, the Red chambers said the AGF should tell Nigerians why he has been “running around the courts seeking to stop the probe” by the National Assembly.

    Abdullahi said: “We are wondering what the AGF is afraid of. When he appeared before our committee, he was well received and fairly treated. He indeed expressed his happiness with the protection given to him by the committee handling the Maina case. Why then is it very important and urgent for him to stop the investigative hearing? What is the AGF trying to hide?

    “Let it be known that the legislature has the power of investigation on all institutions, bodies and individuals, particularly those who access funds that have been appropriated by us. We however expressed our commendation to the judiciary for upholding the principles of separation of powers and insisting on fair hearing.

    “We believe that is the reason why the judge refused to grant the prayers of the AGF yesterday and rather insisted that the National Assembly should be put on notice and served all the court processes so that we could enter our own defence.

    “While we respect the position of the court and would respond accordingly, the Senate has further directed the committee investigating the Maina issue to expedite action and submit their reports on time. The Senate believes Nigerians are interested in knowing the how, who, why and where of what is now known as the ‘Maina Gate’. We definitely will not allow those who want the facts buried to prevail.”

  • Former Abia governor, Orji Kalu declares 2019 Senate ambition

    A former governor of Abia State, Orji Uzor Kalu, on Monday declared his intention to run for Abia North Senatorial seat in 2019.

    Kalu, who disclosed this in a chat with journalists at his Igbere country home, regretted that the people who represented the area in the past were concerned about “self- aggrandizement” at the expense of people’s welfare.

    The ex-governor recalled how he transformed the state during his tenure as governor, adding that the decision to vie for seat in the upper legislative chamber was to ensure that people of Abia North gets democratic dividends.

    He also commended President Muhammadu Buhari for approving the ongoing rehabilitation of Umuahia-Uzoakoli-Ohafia Expressway, Ozuitem-Igbere and Nkpa and other roads in the state.

  • Senate summons Dambazau over Rivers, Benue massacres

    The Chairman of the Senate committee on Interior, Andy Uba,has condemned the killings in Benue, Rivers and Kaduna states.

    He described the killings as sheer heartlessness and barbaric and urged the relevant security agencies to bring the criminals to book.

    He said the perpetrators were out to destabilise the relative peace being enjoyed across the country.

    In view of the dastardly acts in Kaduna, Rivers and Benue, the Senate Committee on Interior, has summoned Minister of Interior Abdulrahaman Dambazau, to appear before it on the outcome of his visit to Benue State and plans to mitigate further occurrence of these wanton crime.

    Dr Uba commiserated with the families that lost their loved ones in the attacks, and he prayed for God to give them the heart to bear the loss.