News
JUST IN: Senate Refutes Alleged Padding Of Supplementary Budget
The Senate has said that it is not ready to join issues with some misguided and mischief makers on the recently appropriated N70bn for the National Assembly which they have mischeavously decribed as a “gift” from the Executive arm of government.
The Senate also said that the passage of the Supplementary Appropriation Act was part of the constitutional duties of the Senate to accommodate funding for the Federal Government’s Palliative for the Nigerian public among other National demands.
The reaction of the Senate to the alleged padding of the Supplementary Budget as reported in some sections of the media was contained a statement issued by the Chairman,, Senate Committee on Media and Public Affairs, Senator Yemi Adaramodu and made available to newsmen in Abuja.
According to the statement, “after the passage of the Supplementary Budget to accommodate funding for Federal Government’ Palliative for the Nigerian public, among other urgent national demands, the socio-political space has been inundated with spurious, inaccurate and irreverent misinterpretations.
“Suffice to say that the passage is part of the absolute constitutional duty of the Senate. We would therefore, not wish to join issues with the mischief and misrepresentation that a portion of the just passed Amendment Act that appropriated 70b Naira was a ‘gift’ to the Legislators,” the statement noted.
Senator Adaramodu stressed that “a visit to the Suites, offices and the general structures of the National Assembly complex would reveal a yawning and the need for exigent attention. Many Senators had to bring their chairs, tables and electronics and in many cases, do sundry repairs.
“The so much debated allocation will not be paid to any Legislator. This will be managed by the National Assembly Bureaucracy. It’s pertinent to also note that the National Assembly complex does not house only the Legislators. There are thousands of workers and service providers, whose working environment need a face-lift, and/with necessary tools.
” Since the Assembly Complex is not owned by Legislators who are merely political birds of passage, such allocation cannot be termed by anyone as a palliative to the Legislators.
“The alleged padding of the palliatve Budget by the National Assembly only exists in the minds of those who are all out to discredit the 10th Assembly. There is nothing like padding as being alleged in some misinformed media outfits.
“We wish to urge fellow compatriots to see the National Assembly as partners in the progress of Nigeria.The National Assembly is the soul of democracy and the 10th Senate shall join hands with other arms of government and our forward looking Nigerians to sing new songs of progress, development, safety and all round economic recovery and growth.
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
-
News3 days agoTinubu appoints Lamido Yuguda as CBN’s Deputy Governor
-
News3 days agoSenate confirms Oyedele as minister
-
Business1 day agoSenate will pass 2026 budget after Sallah break, says Akpabio
-
Entertainment1 day agoTiwa Savage foundation to train 100 African music talents
-
Politics1 day agoCourt bars Aiyedatiwa from re-contesting for third term
-
International3 days agoIran tells world to get ready for oil at $200 a barrel as it fires on merchant ships
-
International3 days agoIEA agrees to release record 400 million barrels of oil to address Iran war supply disruptions
-
International1 day agoTrump says he thinks Putin is helping Iran