COVER
Niger Delta : Senate Summons Budget, Finance Minister
By David Torough and Eze Okechukwu, Abuja
National Assembly joint committee of the Senate and House of Representatives has summoned the Minister of Finance, Wale Edun and his counterpart in the Budget and Economic Planning Ministry, Abubakar Bagudu to appear before it in furtherance of the budget defence for the Ministry of Niger Delta Development.
The summon was a sequel to the appearance of the Minister for Niger Delta Development, Abubakar Momoh, before the joint committee chaired by Senator Jide Ipinsagba on Thursday next week.
During the interface, a member of the committee, Senator Seriake Dickson, raised a motion to adjourn the sitting indefinitely until both Ministers of Finance and Budget and Economic Planning appear with the Minister of Niger Delta Development to shed more light on the poor budgetary envelope for the Ministry of Niger Delta Development, fund released for projects among others.
Earlier, the minister had shared with the joint committee the 2023 budget performance and answered questions about project execution, project abandonment, fund releases, and a commutative debt portfolio of the ministry totalling over N50bn.
Momoh said for the 2023 budgetary provision of N11bn only N4bn was released from the capital budget which represents about 37% which he described as inadequate to meet the challenges of the region.
He said, “this gross inadequate budget has led to project abandonment and unpaid projects and so, this paucity of funds can lead to the derailment of the mission and vision of the ministry.”
While answering questions on training and empowerment for women and youths in the region, the minister said there was nothing the ministry could do, if money is not released for training and empowerment and as such, the training and acquisition of knowledge is slowed down.
“We have signed a performance bond with the president but with a paucity of funds there’s nothing we can do.
The purse of the nation is in your hands as lawmakers; we need you to empower the ministry to deliver.
“We do hope that with your approval, you will give us support for more and better funds released in the 2024 budget,” he explained.
On whether Mr. President was aware of the situation in the Ministry of Niger Delta Development, the minister said, “I cannot say he’s aware – it would be pretty difficult for the president to know all the details of happenings in all the ministries.”
The minister agreed with the legislators on why the government cannot award contracts without payments amidst a litany of abandoned projects.
He said, “I share your view. The government cannot continue to award contracts to people and would not pay.
“The system of securing cash is cumbersome. Sometimes you award a contract without knowing how much you have in your purse.
“I am talking of a cash plan system which is giving a lot of headaches. If a contractor completes his job, it’s expected that within one or two weeks they should get payment but you have to apply for it and upload it to the Ministry of Finance, which delays the system. You need to intervene in this regard.”
The minister added, “When I was outside, I saw things the way you’re seeing it now but now that I am inside, I now understand. On a poor budget performance of 37%, I agree it’s poor. It’s a statement of fact. I also share the issues you raised on the procurement process.
“I agree with that in entirety. I want to say one thing – we are in a transition year, and you cannot expect performance to be higher than 40%.
“I came on board in August when they were still running the 2022 budget and not quite a while ago they started running the 2023 budget. Once the National Assembly passes this appropriation, we will start work in earnest. You can be sure of speedy completion of projects.”
On the 2023 budgetary provision of N10bn, the minister said, “This sum cannot construct 3km of road in the heart of the Niger Delta. We need to also ask if there were adequate resources for all of these. The answer is no. We have requested additional funding even through Sukuk but we are still waiting for a reply.”
He said, “The staff in the ministry know how I operate. If you give me money today to complete a project, give me 3 months and see action if I will not deliver. On the 2024 budget, I will monitor them to make sure they are executed and I will hold my directors responsible if anything fails.
“On signature projects – we need to ask ourselves what we mean. The Ministry of Niger Delta has a star project which is the East-West road which was my focus when I came on board. But I was told that since 2021 it has been reversed to the ministry of works which should be a star of signature projects for the ministry.
“This is an interventionist ministry such as maintaining peace in the region which doesn’t signify a signature project. Left to me, the sum of N18B being the envelope for the year 2024 can be put on three signature projects and I will ask the president to come and commission projects but we cannot do that because being an interventionist ministry handling 9 states, we have to spread the projects”.
Momoh concluded by saying, “What I can assure you is that with me in the Ministry of Niger Delta Development, things will be done differently, I can tell you authoritatively”, he assured.
Dickson in commendation said, “You’re a very experienced person and we know that with you, the ministry is in good hands. We are ready to encourage and support you.”
He moved the motion for the suspension of the budget defence and it was seconded by Senator Mudashiru Lukeman.
COVER
DAILY ASSET Appoints Torough, Editor, Names Eze, Deputy
By Laide Akinboade, Abuja
As part of efforts to reposition the newspaper for optimum corporate performance, the management of Asset Newspapers Limited, Publishers of DAILY ASSET, has announced the appointment of David Torough as the Editor of the Abuja-based national daily.
A statement by the management said the appointments were part of the company’s new strategy to further penetrate the various states in the country and raise its readership and patronage.
“DAILY ASSET is widely acceptable across the country and to maintain our leadership position, we need to increase management presence, hence the need to create new Bureau offices in some locations outside Abuja and Lagos,” the statement quoted the Publisher/ Editor-in-Chief, Dr Cletus Akwaya to have said.
In a statement yesterday, Publisher and Editor-in-Chief of the fast-growing daily, Dr. Cletus Akwaya said the appointment was part of the new strategy to properly situate the paper for better productivity.
“DAILY ASSET has a commitment with the Nigerian people. We are determined to weather the storm and give Nigerian readers a Newspaper that satisfies their yearnings and reading pleasure and we can only do that with the right set of professionals,” the statement said.
Akwaya, a former Commissioner of Information from Benue State said the difficult times being faced by Nigerians posed a great challenge to the media as the people deserved credible information with which to make choices.
“We have a bond with the people, to offer credible information at all times in the best tradition of the Nigerian Press and on this scale of objectivity, truth and fairness, we pledge to remain steadfast no matter the challenges,” Akwaya was quoted to have said.
He said the newspaper will maiantin its daily print run and circulation to all states of the federation and urged advertisers to take advantage of the deep penetration of the Daily Asset brand to send their messages.
Torough, the new Editor has had a steady rise in the Newspaper in the last five years.
A graduate of Mass communication of the Benue State University, Makurdi, Torough joined the company in 2022 as Benue State Correspondent. He was spotted for his brilliance and redeployed to Abuja the following year and promoted to Deputy News Editor. He was subswuently named Deputy Editor of the paper, a position he held until the recent appointment.
Torough has attended several journalistic workshops and trainings to properly equip himself for the task ahead.
The statement also said the Management named Eze Okechukwu as Deputy Editor.
Before his elevation as Deputy Editor, Eze has been Deputy Politics Editor and DAILY ASSET Newspaper correspondent covering the Senate, having joined the organization in 2021.
Born on March 10, 1975, Eze holds a Masters Degree in Mass Communication from the Enugu State University of Science and Technology.
Eze began his journalism career with Daily Star, Enugu and later worked with Daily Trust Newspaper, Abuja as sports reporter.
Aside from his journalistic excellence, he has a great deal of passion for sports.
COVER
Insecurity: Northern Govs, Monarchs Seek Six-month Mining Suspension
From Ngutor Dekera, Kaduna and Aliyu Askira, Kano
Northern governors and traditional rulers yesterday called for the suspension of mining activities across the region for six months, blaming illegal mining for worsening insecurity in many states.
The resolution was contained in a communiqué issued after a joint meeting of the Northern States Governors’ Forum and the Northern Traditional Rulers’ Council held at the Sir Kashim Ibrahim House, Kaduna. The meeting, chaired by the Gombe State Governor and NSGF Chairman, Muhammadu Yahaya, had in attendance the 19 northern governors and chairmen of the 19 states’ traditional councils.The Forum expressed concern over the escalating violence in parts of the North, including the killings and abductions recently recorded in Kebbi, Kwara, Kogi, Niger, Sokoto, Jigawa and Kano states, as well as renewed Boko Haram attacks in Borno and Yobe.“The Forum extends its deepest condolences and solidarity to the governments and good people of the affected states,” the communiqué said, noting that the attacks on schoolchildren and other citizens had become “unacceptable tragedies” that required urgent collective action.It commended President Bola Tinubu for what it described as the Federal Government’s “firm response” to recent abductions and insurgency threats, especially the rescue of some abducted pupils.The governors also saluted security agencies for their sacrifices on the frontlines.“We resolved to renew our support for every step taken by the President and Commander-in-Chief to take the fight to insurgents’ enclaves in order to end the criminality,” the Forum stated.A major highlight of the meeting was the North’s renewed push for the establishment of state police, with governors and traditional rulers insisting that decentralised policing had become inevitable.“The Forum reaffirms its wholehearted support and commitment to the establishment of state police,” the communiqué added, urging federal and state lawmakers from the region to “expedite action for its actualisation.”On illegal mining, the governors said criminal mining networks were fuelling violence and providing resources for armed groups.As a corrective measure, they asked Tinubu to direct the Minister of Solid Minerals to impose a six-month suspension of mining activities in order to allow for a full audit and revalidation of licences.“The Forum observed that illegal mining has become a major contributory factor to the security crises in Northern Nigeria. “We strongly recommend a suspension of mining exploration for six months to allow proper audit and to arrest the menace of artisanal illegal mining,” it said.To strengthen the fight against insecurity, the governors also announced the creation of a regional Security Trust Fund.Under the proposed arrangement, each state and its local governments will contribute ₦1bn monthly, to be deducted at source under an agreed framework.They said the fund would help provide sustainable financing for joint operations, intelligence-driven interventions and coordinated security responses across the region.At the end of the meeting, the Forum reaffirmed its commitment to unity and collective responsibility.“Only through unity, peer review and cooperation can we overcome the pressing challenges before us,” it declared.The Forum agreed to reconvene on a date to be announced.Meanwhile, Nigeria’s worsening security crisis took a grim turn on Monday as bandits launched fresh attacks in Kano State, abducting 25 villagers, even as the Federal Government raced to secure the release of more than 300 Catholic school children kidnapped in Niger State.In the early hours of Monday, armed bandits invaded Unguwar Tsamiya—popularly called Dabawa—in Shanono Local Government Area of Kano State, whisking away nine men and two women after shooting into the air and assaulting residents. The attackers also rustled two cows.A resident lamented the community’s helplessness: “We cannot do otherwise; most of us cannot leave because we have nowhere to go. This is our place, our land and everything is here.”The assault came less than 24 hours after a similar attack on Yan Kamaye in Tsanyawa LGA, a community along the volatile Katsina border.In Niger State, National Security Adviser Nuhu Ribadu has assured distraught families of St. Mary’s Co-Education School, Kontagora that the more than 300 students and staff abducted on November 21 will return home “soon.” Ribadu, who led a high-level federal delegation to the school on Monday, said the abductees are safe, though he offered no specifics on their location or the status of rescue operations.According to Daniel Atori, spokesman for the Catholic bishop overseeing the school, the NSA reassured officials: “The children are where they are and will come back safely.”The St. Mary’s attack is part of a worrying resurgence of mass kidnappings reminiscent of the 2014 Chibok schoolgirls’ abduction. Security analysts warn that banditry has evolved into a “structured, profit-seeking industry,” with hundreds of Nigerians abducted in November alone.The Kontagora school abduction occurred the same week 25 girls were kidnapped in Kebbi State—victims who authorities say have since been rescued through “non-kinetic” means. About 50 of the St. Mary’s hostages have also managed to escape.Ribadu’s delegation, which included the Minister of Humanitarian Affairs and the Director-General of the Department of State Services (DSS), reaffirmed the government’s commitment to securing the freedom of all abducted citizens.As communities from Kano to Niger continue to bear the brunt of these violent incursions, the escalating spate of kidnappings underscores the urgent national demand for a more decisive and coordinated security response.COVER
Abacha Loot Probe: Malami Faces EFCC Panel Daily in December
By David Torough, Abuja
The Economic and Financial Crimes Commission (EFCC) said former Attorney‑General of the Federation and Minister of Justice, Abubakar Malami, will face a team of interrogators at its office daily throughout December.
A credible source in the EFCC said on Monday that the daily appearance was part of an ongoing investigation into the whereabouts of an alleged 490 million dollars Abacha loot secured through a Mutual Legal Assistance (MLAT) request. The source said that Malami, who was summoned for interrogation by the EFCC on Saturday, was barred from leaving Nigeria for the next one month.According to the source, one of the conditions for his release on Saturday was that he should report daily to the EFCC Headquarters in Abuja for further interrogation.The source said Malami would have to appear daily at the anti-graft office due to the volume of the investigation and the seriousness of the charges against him.”We seized his passport, it is the normal routine during investigation, but he has to report at the EFCC headquarters in Abuja every day for the next month.”He will be reporting for further investigation throughout December.”He will be reporting every day, starting from Dec. 1st to Dec. 31st.He will appear before the team of investigators for the entire month of December.”He will be reporting to EFCC for investigation for the period because of the volume of the investigation and the seriousness of the charges against him,” the source added.According to the source, a fact sheet on the former minister revealed that Malami had several issues to clarify with the EFCC within the coming weeks.“We have asked him to explain the whereabouts of the $490 million Abacha loot secured through MLAT.“We didn’t say he stole money, but he should account for the loot. This is one of the issues he will clarify to our investigators.”The commission cited the large volume of documents he must review and the need for extensive interviews as reasons for seizing his passport.The source said EFCC would not engage in a war of words but would release its findings after a thorough investigation.Malami, in a statement by his media aide, Mohammed Doka, on Monday in Abuja, however, described the EFCC investigation as a political witch‑hunt.He confirmed he honored an EFCC invitation on Nov. 28, describing the engagement as fruitful and expressing confidence that the probe would vindicate him.Malami described the EFCC’s allegations as baseless, illogical and devoid of substance, insisting they collapse under factual scrutiny.

