News
BREAKING: Supreme Court Orders Funds be Paid to LGAs Directly (UPDATED)
Nigeria’s Supreme Court has ordered governors of the country’s 36 states to henceforth steer clear of the funds meant for its 774 Local Government Areas.
The Apex Court says the control of funds of the local government councils by the States is unconstitutional.
This judgment is in respect of a lawsuit instituted by the Federal Government through the Attorney General of the Federation against the 36 state governors in a move to ensure full independence of the local government areas from the control of the state governors who until now controlled the funds and constitute caretaker committees to run the affairs of the local government areas.
In a landmark judgment delivered by a seven-member justice panel headed by Justice Lawal Garba, Nigeria’s Apex Court says the Constitution under Section 162 (4,5 and 6) doesn’t provide for the existence of a joint account for both the States and local government councils.
In the lead judgment prepared and read by Justice Emmanuel Agim the Court orders that, henceforth, funds meant for the Local Government Councils be paid to them directly from the Federation Account and not through the State governors.
The Court holds that the provision of the Constitution that funds meant for the local government councils be sent to the States is for them to act as agents of the Federal government for the onward disbursement of same.
It adds that the States are therefore not required to hold on to the money and use at will.
It holds that the States are exploiting the roles handed to them by the Constitution by holding onto funds meant for local government councils.
The Court also laments this has been on for over two decades, crippling the effective functioning of the third tier of government.On the aspect of the full autonomy of the Local Government Areas, the Apex Court says the state governors have for over 20 years constituted themselves “a species most dangerous” to the democratic structure of the local government councils.
It holds that Caretaker Committees installed by these governors is illegal as they have no powers to do so.
In a unanimous decision, the Apex Court further holds that the leadership of the local government councils must be by democratic means, insisting no state governor has the powers to dissolve democratically elected local government leadership and install their choice officials to run the local government councils.
As such, the Apex Court has also ordered the governors to desist from receiving, spending or tampering with funds released from the federation account for the local governments when no democratically elected local government system is put in place in the states.
It therefore holds that the constitution of Nigeria recognizes federal, states and local governments as three tiers of government and that the three draw funds for their functioning from the federation account created by the constitution.
The Apex Court orders immediate compliance by the state governors to the judgment.
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
BREAKING: Former Super Eagles Midfielder Henry Nwosu Dies at 62
2Baba in talks with Defense Minister to leverage music for Nat’l Security
Trump says he thinks Putin is helping Iran
Tech Expert, Zuckerberg trains with UFC champions, Adesanya, Alexander
Organ Trafficking: Ekweremadu bags 10 years in UK prison
SAINT OBI: Between his marriage and his death
-
Business2 days agoSenate will pass 2026 budget after Sallah break, says Akpabio
-
International2 days agoTrump says he thinks Putin is helping Iran
-
Entertainment2 days agoTiwa Savage foundation to train 100 African music talents
-
Politics2 days agoCourt bars Aiyedatiwa from re-contesting for third term
-
Politics3 days agoSenator Waziri Tambuwal Resigns from PDP, Defects to African Democratic Congress (ADC)
-
Business3 days agoStrait of Hormuz disruptions: Implications for global trade and development
-
Sports2 days agoD’Tigress regroup for Saturday’s match with the Philippines
-
Business2 days agoCBN restricts mobile banking apps operation to one device