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Abbas Favours Repeal of Outdated Laws to Enhance Smooth Business Operations

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By Ubong Ukpong, Abuja

House of Representatives’ Speaker Tajudeen Abbas on Wednesday, hinted on his preparedness to ensure the repeal of all outdated legislations, to enhance smooth Business operations in the country.

The Speaker said outdated laws and regulations were hindering smooth operations of public institutions responsible for facilitating business activities.

This, Abbas said, has exacerbated the economic landscape of the country which is facing significant challenges.

The Speaker made this disclosure at a public hearing on five Bills organised by the House Committee on Commerce, chaired by Hon Ahmed Munir.

The Bills were for the establishment of the Chartered Institute of Co-operators and Social Enterprise Management, Institute of Debt Recovery Practitioners of Nigeria, Agro Processing Export Free Zone, Integrated Corporate Data Management Commission, and Institute of Chartered Corporate and Business Affairs Management of Nigeria.

The Speaker said the Bills were pivotal in fostering growth, innovation, and sustainability in various sectors of our economy.

He said they had the potential to shape the future of our nation’s economic and business landscape.

 “The economic landscape of our country is facing significant challenges, exacerbated by outdated laws and regulations that hinder the smooth operation of public institutions responsible for facilitating business activities.

 “These obstacles have created barriers to entry for entrepreneurs and investors, stifling innovation and growth in key sectors of our economy.

 “One of the pressing issues we face is the absence of professional bodies to oversee and regulate important sectors such as debt recovery practitioners, co-operators, social entrepreneurs, agro-processing exporters, corporate data management, and corporate affairs management. Without proper oversight and regulation, these sectors are vulnerable to exploitation and malpractice, which can have far-reaching consequences on our economy.

 “The establishment of these proposed institutions therefore, signifies a proactive approach towards enhancing professionalism, efficiency, and accountability within these key sectors of our economy. These institutions will not only provide much-needed oversight but also set standards, ethics, and best practices in their respective fields. By creating specialised bodies such as the Chartered Institute of Co-operators and Social Enterprise Management, we aim to promote cooperative enterprises and social entrepreneurship as viable means for inclusive economic development.

 “Similarly, the Institute of Debt Recovery Practitioners of Nigeria will play a critical role in streamlining debt recovery processes, ensuring fair practices, and safeguarding the interests of both creditors and debtors. This initiative aligns with our commitment to fostering a conducive business environment built on trust and integrity.

 “Furthermore, the Agro-Processing Export Free Zone holds immense potential for boosting agricultural productivity, facilitating international trade, and creating employment opportunities in rural areas. This strategic move underscores our dedication to harnessing the agricultural sector’s full potential for sustainable growth and food security.

 “The establishment of the Integrated Corporate Data Management Commission is a significant step towards enhancing transparency, data accuracy, and regulatory compliance across corporate entities. By centralizing corporate data management functions under a unified framework, we aim to streamline processes, reduce redundancies, and enhance decision-making within the business ecosystem.

 “Lastly, the creation of the Institute of Chartered Corporate and Business Affairs Management of Nigeria underscores our commitment to promoting professional excellence in corporate governance practices. This institution will serve as a hub for capacity building, knowledge sharing, and best practices dissemination among corporate professionals across various industries,” he said.

The House Committee on Commerce, Ahmed Munir, assured collaboration with other arms of government to expedite the bill’s passage into law.

He urged stakeholders to make valid input that would assist the parliament in making people oriented laws that would positively impact the wellbeing of all Nigerians.

He assured of the Committee’s readiness to make good use of all the opinions and suggestions.

 “The House of Representatives, 10th Assembly – the People’s parliament is committed to its mandate of making laws for the betterment of our constituents who reposed so much trust in us by electing us into this Parliament for effective representation.

 “The House Committee on Commerce, being one of the Standing Committees of this Assembly, is working tirelessly in ensuring that there is a change of narrative in the lives of the citizens…

 “Every democratic dispensation is guided by laws/acts which help in the smooth running of the government thereby setting the rules to follow to ensure that citizens benefit maximally all that the government has in stock for them. Today, let us make contributions with our best interests in mind. Let us join hands together and make history,” he said.

POLITICS

APC Instigating Crises in Opposition Parties – NNPP Alleges

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By Mike Odiakose, Abuja

The National Chairman of the New Nigeria Peoples Party, NNPP, Ajuji Ahmed, has alleged that the ruling All Progressives Congress (APC) has been instiating crisis in major opposition political parties as a strategy to weaken them ahead of 2027 general election.

Speaking during the flag-off of the party’s campaign in Akure, Ondo State capital, ahead of the forthcoming off-cycle governorship election in the state, the ANPP Chairman declared that the party will support opposition parties going into alliance to upstate the ruling party and sack President Ahmed Tinubu.

While emphasising that there will be no room to manipulate the result of the poll, Ahmed said, “The fear that APC might want to manipulate the election is being expressed everywhere, no doubt in Ondo State.

Wherever you have a ruling party, the ruling party might not want to have a good opposition around it.

“But at the end of the day, it is left to us to guard our votes on the voting day by having a credible agent who will protect the votes and who will also be in charge of supervising the counting. Once we have that, we believe that there is nothing the APC can do as such.

“I do not believe that the APC is trying to create crises in opposition parties; I believe that the APC is doing whatever it can to ensure it wins the 2027 general elections.

“Certainly, there is evidence everywhere that they are interfering in other parties, but it is left for the other parties to maintain their integrity and ensure that they remain one and a viable opposition to the APC before and after the 2027 general elections.

“I believe there should be a plan by the opposition parties to unite ahead of the 2027 election. The NNPP will also be part of it if at all it materialises. We have our doors open in such a way that if there is going to be a coalition of all the political parties to go into the election, we are ready for that. But if every individual party wants to go on its own, the NNPP is also preparing for that eventuality.”

On his part, Edema, who urged the electorate not to be intimidated by the power of incumbency, appealed to them to resist any form of vote-trading capable of prolonging the current hardship in the land.

While maintaining that the antics deployed by the ruling party in Edo State will be resisted by the people of Ondo State, the NNPP standard-bearer said, “We are saying Ondo State is not Edo State. Ondo is not Lagos State. The people of Ondo are one of the most enlightened in the whole country and we are capable of protecting our votes and we will protect it.

“We do not fear them. We will dare them.

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POLITICS

S/South APC Annul Suspension of Lokpobiri

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By Mike Odiakose, Abuja

South-South zone of the All Progressives Congress (APC) has annulled the purported suspension of the Minister of State (Petroleum) Heineken Lokpobiri by the party’s executive in his local government in Bayelsa State.

In a statement by the Zonal Legal Adviser of the, Chukwuemeke Ogbuobodo, the party said the APC executive in Lokpobiri’s Ward lacks the power to suspend him as the action runs afoul of provisions of the APC constitution.

The APC South-South Zonal officers described the action as “illegal, null and void,” contending that the local government area executive cannot be a judge in its matter.

Ogbuobodo referred the local government council party executive and “whoever that is sponsoring it, to see article 21.

3 (i) (ii) (iii) (iv) (v) (vi) (a) (b) (c) (d) and (e) of the party’s Constitution and see the procedure for hearing and determination of complaints or allegations.”

He also warned the local council executive that they are not above the law and not to see any other person as beneath it; “APC is not a party for supermen but a party guided by rules of law.

Recall that the APC in Southern Ijaw and Ekeremor local government areas in separate press briefings had last week purportedly suspended Lokpobiri and the 2019 gubernatorial candidate of the party in Bayelsa State, David Lyon.

But Ogbuobodo warned the persons behind the purported suspensions to be mindful that the entire executives in the state were invalidated by the decision of the Bayelsa State High Court in Suit No YHC/16/2022.

“As a consequence, the decision by the so-called LG Executive of APC is unknown to both the party’s Constitution and the laws of the land.”

He stated that to avoid this kind of unwholesome intervention by imposters in the affairs of the party in Bayelsa State given the current vacuum created by the judgment of the High Court of Bayelsa State in suit no. YHC/16/2022 and as a law-abiding entity, party chieftains in the South-South zone would now move swiftly to get the APC National Working Committee, NWC to appoint a caretaker committee to help oversee the party’s activities in the state in the interim pending the election of a substantive state executive.

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POLITICS

PDP Mourns Victims of Jigawa Tanker Explosion, Calls for Inquest

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By Johnson Eyiangho, Abuja

The Peoples Democratic Party (PDP) has expressed deep sorrows over the tragic petrol tanker explosion which resulted in the death of over 150 people with many others injured in Majiya Town, Taura Local Government Area of Jigawa State.

The party in a statement by its Spokesman, Hon.

Debo Ologunagba, on Thursday called on the Federal Government to investigate the remote and immediate cause of the explosion in order to take measures to ensure safer transportation and prevent recurrence of such sad incidents.

“This is another sad commentary on the wave of calamitous events that have befallen our nation as a result of worsening infrastructure, economic hardship and social disorientation in the last nine years.

“Our party is saddened that innocent and heavily deprived Nigerians especially our youths and bread winners of families continue to bear the ugly brunt of misgovernance in our country,” the statement said, and lauded the efforts and courage of the police, firefighters and other Nigerians who helped to put off the fire and rescued some of the victims.

The PDP commiserated with the Government and people of Jigawa State and prays to God to grant speedy recovery to the injured and fortitude to the families of the deceased.

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