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Senate Assures Adequate Funding of Fiscal Responsibility Commission

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By Eze Okechukwu, Abuja

The Senate has vowed to allocate adequate funds to the Fiscal Reserve Commission and other agencies of the government which play watchdog roles, stressing that those agencies cannot continue to be weakened by underfunding, given their strategic and critical roles in compelling revenue generating agencies to comply with financial regulations.

Senate Committee Chairman on Finance, Senator Mohammed Sani Musa stated this during the 2025 budget defence of the Fiscal Responsibility Commission on Monday in Abuja, when the Chairman of the Commission, Victor Muruako appeared before him.
Sani lamented the underfunding of the Fiscal Responsibility Commission, noting that the principle of budget envelope which makes it mandatory for the Budget Office to make proposals for them was hampering their activities as adequate funds have never been allocated since its establishment in 2007.
The Fiscal Responsibility Commission was established in 2007 under the Presidency by the Act of Parliament to “promote a transparent and accountable government financial management framework for Nigeria.”The lawmaker explained that the parliament will look into FRC’s 2025 budget with a view to reconsidering it.He said: “One major area that we looked at is funding. You are not funded very well. And you are just like the watchdog of all those agencies that generate revenue. You are more like the office of the Auditor General. But yours is different because you mainly look at revenue and remittances. What they’ve done has outweighed you. And honestly, Mr. Chairman, I will commend you because you’ve been up and doing all this.”“And we will do our best to see how the authorities can reconsider your budget starting from 2025. Thank you, the commissioners, and this is the first time I’m having a full picture of your agency.“Just as I said, the Committee honestly will not go into looking at what is here, but more is to concentrate on how we can get that request approved. Because that will be the basis of which you will be comfortable that you have your working budget. And then secondly about the issue of the amendment to the act.“That was that one. And I recall vividly, this is a kind of disability act that was passed in front of the first piece of legislation, just at the beginning of this year. And we did it then with a view in bringing transparency and accountability. And when I look at the budget, it’s just the story of this great country, a very sad story.“I have written a letter to the Senate President which is still with me and I would like to discuss with him personally concerning the abysmal funding of the Commission before I submit it to him which I know will be passed to the Appropriation Committee.In his budget performance report, the Chairman of the Commission, Victor Muruako said, they were doing their best, but inadequate funding has posed a major challenge to enforcing remittances in the Consolidated Revenue Fund, CRF.According to him, the 2025 budget of N1.6 billion for the Commission was grossly inadequate for the extensive work the agency was into, while he expressed the hope that lawmakers will reconsider funding of the agency.A member of the Committee, Senator Abdul Ningi representing Bauchi Central Senatorial District and other members supported the reconsideration of the FRC budget.They also aligned with the Commission Chairman’s request for amendment of the Act to strengthen compliance by Government Owned Enterprises and improve transparency and accountability in public finance management.

NEWS

Tinubu Arrives Anambra on Maiden One-Day Working Visit

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President Bola Tinubu arrived in Anambra State on Thursday for a one-day working visit to inaugurate key development projects executed by the state government.

The President touched down at 12:15p.m. at the Presidential Wing of the Chinua Achebe International Airport, Umueri.

His arrival was met with a warm reception, including a traditional dance performance by a cultural troupe.

Welcoming the President were several dignitaries, including Anambra State Governor, Prof Chukwuma Soludo, his Deputy, Onyekachukwu Ibezim; members of the House of Assembly; top dignitaries from the state, among others.

Tinubu received some gun salutes from personnel of the Nigerian Army, Navy and Air Force.

President Tinubu would inaugurate the Solution FunCity, Anambra Country Club, New Government House, New Government Lodge, New Presidential Lodge and Emeka Anyaoku Center Unizik, Awka.

He will also inaugurate the Iconic Light of the Nation Tower located at the new state Government House, symbolising the state’s slogan.

The tower was constructed by Dutum Construction Ltd, led by its Managing Director Mr Temitope Runsewe.(NAN)

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JUDICIARY

Court Rejects EFCC’s Objection to Yahaya Bello’s Bid to Tender Previous Court Document 

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 The Federal High Court in Abuja on Thursday, rejected the Economic and Financial Crimes Commission (EFCC)’s objection to former Gov. Yahaya Bello of Kogi’s attempt to tender an earlier court judgment in his ongoing alleged money laundering trial.

Justice Emeka Nwite, in a ruling, held that the EFCC’s objection was preemptive

The former governor, through his counsel, Joseph Daudu, SAN, had sought to tender an FCT High Court judgment in suit number: FCT/HC/CV/2574/2023, between Mr Ali Bello and Incorporated Trustees of American International School.

The development occured after the EFCC called its 3rd prosecution witness (PW-3), Mr Nicholas Ojehomon, an Internal Auditor with American International School, Abuja (AISA).

However, the commission ‘s lawyer, Kemi Pinhero, SAN, opposed the admissibility of the document, arguing that the prosecution was yet to close its case.

Daudu disagreed with Pinhero’s submission.

The defence lawyer argued that the instant document, which is a judgment of another court, was relevant in the case at hand.

Delivering the ruling, Justice Nwite held that the admissibility of documents is strictly guided by law as far as it satisfies the provision of Sections 102 and 104 of the Evidence Act.

The judge listed the parameters to be considered to include “whether the facts are pleaded, whether the documents are relevant and whether the documents are admissible.”

He said it was indeed glaring that the document sought to be tender in the case of Ali Bello Vs AISA was relevant to the fact in issue.

He said the same document was a certified true copy of a judgment of FCT HIGh instituted by one Ali Bello.

He said the court was inclined to agree with the counsel to the ex-governor, Joseph Daudu, SAN, that the argument of the anti-graft agency’s lawyer, Kemi Pinhero, SAN, was preemitive.

According to the judge, moreover, the court has since moved away from the platform of technicalities to the platform of substantial justice.

“Consequently, the argument of the prosecution that the defence cannot present the document is hereby discountenance

“Having said that, the objection of the prosecution is indeed preemitive, consequently, the objection of the learner counsel to the prosecution is hereby overruled,” he ruled.

Justice Nwite therefore admitted the document in evidence and marked as Exhibit 19.(NAN)

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NEWS

Information Technologies Will Quicken Economic Diversification—Mbah

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 Gov. Peter Mbah of Enugu State says effective deployment of emerging information technologies can fast track the diversification of the nation’s economy.

Mbah said this Wednesday while inaugurating the South-East Zonal Office of the National Information Technology Development Agency (NITDA) in Enugu.

Nigeria’s economy is largely dependent on the oil sector with agriculture, industry and service sectors also making significant contributions according to National Bureau Statistics records.

The governor said that there was compelling need to diversify the economy, expressing optimism that investment into the Information Technology space would do the magic.

He said that opening NITDA office in Enugu would open more horizons for the Nigerian youths and move the country closer to the dream of diversifying its economic streams.

“It is an opportunity for our teeming youths to have a platform to improve themselves to lifelong skills that will prepare them for the dynamic global world space today and tomorrow.

“The need and urgency to diversify our economy, both at national and sub-national levels, has never been more compelling than now.

“There are few sectors that hold the opportunities for us to accomplish that like the Information Technology space,” he said.

He said that merely having the opportunities without bringing them to fruition would not bring about the desired economic results.

Dr Bosun Tijani, Minister of Communications, Innovation and Digital Economy, said that the Enugu Zonal Office would serve as a permanent bridge between national policy and local talents.

Tijani said that inauguration of the NITDA Regional Office in Enugu meant the establishment of a permanent bridge between national policy and local potential.

According to him, this in line with the Renewed Hope Agenda of President Bola Tinubu to reposition Nigeria’s economic fortunes.

“It is a strategic move under the Renewed Hope Agenda of President Bola Tinubu- a commitment to decentralising opportunity, deepening inclusion, and unlocking the full power of Nigeria’s digital economy across every region.

“By placing NITDA closer to the people right here in the South-East, we are saying clearly that no region should have to wait for innovation to reach them.

“Innovation must grow with them,” he said.

The minister explained that the NITDA office would serve as an engine room for digital skills development, through programmes such as the 3 Million Technical Talent (3MTT) initiative.

“There will be support for startups and indigenous tech solutions.

“There will also be regulatory advisory to help businesses thrive within the frameworks that protect Nigerians,” he said. (NAN) 

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