Politics

What has become of Nigeria’s recovered loots? Lawmakers investigate

Members of Nigeria’s lower legislative house may have began an inquest into how huge sums of money stolen from Nigeria but recovered and returned to the country is being managed

Published

6 years ago

July 18, 2018

Africa News Watch

Members of Nigeria’s lower legislative house may have began an inquest into how huge sums of money stolen from Nigeria but recovered and returned to the country is being managed. Speaker of the House of Representatives, Hon. Yakubu Dogara, gave an indication in this development recently.

Speaking at a public hearing by the House Joint Committee on Public Accounts and Finance on the need to ascertain the status of recovered Public funds and assets from 1999 to date, Dogara informed that lawmakers were bent on investigating the confusion that has trailed the exercise.

“It is common knowledge that there are a lot of conflicting reports and claims from various agencies of government concerning the status of the funds and assets recovered from some citizens and corporate entities by law enforcement agencies. As a Parliament, we cannot fold our arms and allow the confusion trailing the whereabouts of the recovered funds and assets to continue.

This is why the House of Representatives resolved to mandate this Joint Committee to investigate the issue in the interest of accountability and transparency.”

He added, “We believe that as a Parliament, we owe the people of Nigeria the duty to ascertain the resources available to government and how they are being appropriated in their interest. This is in line with the exercise of our Constitutional powers in Sections 88 and 89 of the Nigerian Constitution, 1999 as amended.”

The total value of recovered funds and assets is estimated at $2trillion and the House has also mandated its Committee on Financial Crimes to investigate whether any crimes have been committed in the course of the management and disbursement of funds recovered by the Federal Government in the last 12 years.

Related Topics:lawmakers Nigeria Nigeria's House of Representatives Nigeria’s recovered loots Yakubu Dogara

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Politics

African leaders seek change in fight against terrorism at Nigerian summit

Published

22 hours ago

April 22, 2024

Ifeoluwa Dada

At a security summit in Nigeria, African leaders have called for a revamp of institutions that fight violent extremism on the continent.

The leaders also began to push to set up a standing military force and give the government more power over efforts to keep the peace.

Attacks on citizens and the military have been happening all the time in Africa, including in the Sahel, Somalia, and Mozambique, by groups with ties to Islamic State and al-Qaeda.

President Faure Gnassingbe of Togo said that coastal states like Togo were facing more threats, even though people were being attacked the most in the Sahel.

“I say this with prudence and regret, but I think the institutions that have been in place for several decades are no longer able to respond to the security situation that we face,” said Gnassingbe.

Moussa Faki, chairman of the African Union Commission, reported that between 2017 and 2021, there were four attacks and 18 deaths a day in Africa. Last year, there were eight attacks and 44 deaths a day.

The AU chief added that last year 7,000 citizens and 4,000 military members were killed stressing that the situation was being used in some countries as a reason for military coups. The Deputy Secretary-General of the UN, Amina Mohammed, said that half of all terrorist deaths happened in the Sahel.

Until a military coup in July that called for France to leave, Niger was the West’s last major ally in the central Sahel area south of the Sahara Desert. In July, France pulled out 1,500 troops from Niger.

Faki said that Africa needed more money to help stop the spread of terrorism. Bola Tinubu, the president of Nigeria, said that more needed to be done to stop the spread of small guns and weapons. He also called for the creation of a regional standby force whose job it would be to fight terrorism.

“I am mindful of the funding, legal and logistical complexities that face the proper establishment of such a force. Such a force can stand as a strong deterrent to large scale and protracted terrorist operations and the capture, occupation or disruption of strategic land and resources,” Tinubu said.

Politics

Togo’s civil society, opposition plan mass protests following constitutional review

Published

2 days ago

April 21, 2024

Ifeoluwa Dada

Some of Togo’s opposition parties and civil society groups have called for mass protests again on Saturday following lawmakers’ approved changes to the country’s constitution a week ago.

The legislation is widely believed to enhance the continued stay of President Faure Gnassingbe in power after 19-year rule. The opposition group Dynamique Pour la Majorité du Peuple (DMP) and other signatories said in a statement that the changes to presidential term limits and how presidents are chosen were just a political move to let Gnassingbe stay in office forever.

“What happened at the National Assembly yesterday is a coup d’etat,” they said in the statement that reiterated calls for the population to mobilise against the changes.

“Large-scale action will be organised over the next few days to say ‘no’ to this constitution,” they said. In Friday’s vote, lawmakers unanimously approved an amended charter under which the president will no longer be elected by universal suffrage, but by members of parliament.

The amendments also set up a parliamentary system of government and cut presidential terms from five years to four years, with a maximum of two terms. Since the changes don’t consider time already spent in office, Gnassingbe could stay in power until 2033 if he is re-elected in 2025. This is very likely because his party controls the parliament in Togo, where his father, Gnassingbe Eyadema, took power in a coup in 1967.

The most valuable company in Abu Dhabi has made an offer of more than $1 billion to buy a 51% stake in Vedanta Resources’ copper assets in Zambia, according to two people who know about the situation.

In the past few years, the Central African Republic, Rwanda, the Congo Republic, the Ivory Coast, and Guinea are just a few of the African countries that have changed their constitutions and other laws to allow leaders to serve longer terms.

In the last three years, there have been eight military coups in West and Central Africa as well. As they were during his father’s long rule, violent police crackdowns on political protests have been common in Togo under Gnassingbe, who was returned in a landslide in 2020 that the opposition says was rigged.