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Lagos Assembly Approves Sanwo-Olu’s N18bn Loan Request

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The Lagos State House of Assembly on Thursday approved a request by Governor Babajide Sanwo-Olu for a loan of N18,225,336,103.89 from the Federal Ministry of Finance, Budget, and National Planning.

The loan is meant to ensure speedy completion of projects like the Lekki-Epe Expressway, according to a statement by Eromosele Ebhomele, Chief Press Secretary to the Speaker of the Lagos State House of Assembly.

The approval was granted at a sitting presided over by the Speaker of the House, Mudashiru Obasa, after a report on the loan request was laid and presented by the chairman of the House Committee on Finance, Rotimi Olowo.

Giving further information on the report, Olowo told his colleagues that the loan facility comes with an interest rate of five percent in the first two years and nine percent in subsequent years, with a two-year moratorium.

Many of the lawmakers who contributed to the debate supported that the loan is approved.

They commended the State Government for its proactiveness, saying that the loan will bring immense infrastructural benefits to Lagos.

They further said that the loan was favourable considering the conditions that come with it.

In his contribution, the chairman of the House Committee on Information, Setonji David, noted that the loan has a single-digit interest rate with a repayment period of 30 years.

He said the project for which the loan was being sought would drive sustainable economic growth and development in the State.

Speaker Obasa, after a voice vote of the lawmakers in support of the approval, directed the Acting Clerk of the House, Mr. Olalekan Onafeko, to send a clean copy of the approval to the Governor.

Meanwhile, Speaker Obasa has described Nigeria as a blessed nation loved by God in a message released by his media office in commemoration of the 2021 Christmas celebration.

Obasa urged Christians and other Nigerians to continue to replicate this love from God in their daily activities as love is what the country needs at this phase of its journey to greatness.

“Jesus Christ, the celebrated face of the Christians around the world, preached and taught love as one of the greatest commandments from God.

“If we think deeply, we will understand that love is an ultimate solution to the many challenges facing mankind.

“All the commandments that God handed man can be summarised into the need to love Him and love our neighbours.

“There is, therefore, no gainsaying that if we maintain our resolve, individually and collectively, to love one another as emphasized by Jesus, the world would be a better place,” the Speaker said.

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JUST IN: Amaechi Resigns As Minister Of Transportation

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Chibuike Rotimi Amaechi, a presidential aspirant on the platform of the All Progressives Congress, on Monday, officially resigned his position in the cabinet of President Muhammadu Buhari as the Minister of Transportation.

In a press statement issued by the Amaechi Presidential Media Committee (APMC) signed by Kingsley Wali, in Abuja, Amaechi in his resignation letter expressed profound gratitude to the President for considering him fit to serve in his administration.

He equally thanked Buhari for the enormous support given him, which he said, was responsible for the tremendous record of achievements he made in the Ministry of Transportation over the last seven years.

The statement quoted Amaechi as saying in his resignation letter: “It is with mixed feelings that I tender my resignation as the Minister of Transportation of the Federal Republic of Nigeria to contest for the Presidential ticket of our great party, the All Progressives Congress.

“Your Excellency, it has been a great honor and privilege serving as a member of your cabinet following your historic victory at the polls in 2015. Under your administration, the Ministry of Transportation has recorded significant achievements, made possible by your visionary support and commitment to ensuring that we deliver on our mandate.

“As I embark on the next phase of our mission to work towards a better Nigeria for ALL NIGERIANS, I humbly seek Your Excellency’s prayers, and blessings, and look towards your continuous support and guidance.

“Your Excellency, whilst humbly seeking your kind consideration of my request please accept the assurances of my highest esteem.”

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BREAKING: EFCC Arrests Accountant-General Of The Federation, Ahmed Idris, Over Diversion Of N80bn

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Nigeria’s Accountant-General, Ahmed Idris, has been arrested over alleged money laundering and diversion of public funds.

Those familiar with the development said Mr. Idris was intercepted in Kano by operatives of the Economic and Financial Crimes Commission (EFCC) on Monday evening and is being flown to Abuja, the nation’s capital, for interrogation.

Report has it that the EFCC has for some time been investigating a case of diversion of at least N80 billion in public funds which were allegedly laundered through some bogus contracts.

The companies used in laundering the funds have allegedly been linked to family members and associates of the accountant-general, investigators said.

Our sources further said after progress was made in the investigation, Mr. Idris was summoned repeatedly for interrogation but he failed to honor the invitations.

“We kept inviting him but he kept dodging us,” one of our sources said. “We were left with no choice but to keep him under watch and arrest him.”

The spokesperson for the EFCC could not be reached to comment on his story. One of his subordinates said he is traveling in the United Kingdom at this time.

However, a top EFCC official confirmed the development but asked not to be named because he had no permission to discuss the matter with the media.

President Muhammed Buhari appointed Mr. Idris’s accountant-general on June 25, 2015.

The position became vacant at the time after the former Accountant General, Jonah Otunla, left office on June 12, 2015.

President Buhari reappointed Mr. Idris for a second four-year term in June 2019, amid criticisms from labor groups who said the accountant-general should retire after turning 60.

Mr. Idris, a native of Kano State, North-west Nigeria, was born on November 25, 1960, and was until his appointment in 2015 the Director of Finance and Accounts, Federal Ministry of Mines and Steel Development.

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BREAKING: Embattled Ex-EFCC Chair, Ibrahim Magu, Promoted To AIG

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The Police Service Commission has promoted Ibrahim Magu, suspended acting chairman of the Economic and Financial Crimes Commission (EFCC) to the rank of an Assistant Inspector General of Police (AIG), along with five others.

AIG Magu Ibrahim who is proceeding on retirement is the most senior in the CP cadre and missed the last two promotions after returning to the Police from the EFCC.

It was gathered that the decision to promote Magu follows the recommendation of the Inspector-General of Police, Usman Baba. The PSC had last July declined to promote Magu during the promotion of 24 CPs and other officers.

This is just as the PSC confirmed the promotion of Mr. John Ogbonnaya Amadi as a Deputy Inspector General of Police, to take over from late DIG Joseph Egbunike who represented South East in the Police Management team. Also promoted DIG is Zana Bala Senchi.

The other Commissioners of Police promoted to AIG are CP Abraham Egong Ayim; Okunlola Kola Kamaldeen; Andrew Amieengheme; Akeera Mohammed Younous; Celestine Amechi Elumelu; Ngozi Vivian Onadeko and Danladi Bitrus Lalas (Airwing).

A statement by Ikechukwu Ani, Head of Press and Public Relations said 23 Deputy Commissioners of Police were promoted to Commissioners of Police

The new 23 Commissioners of Police are; Taiwo Olusola Jesubiyi, former DC, Admin and Finance, Akwa Ibom State Command; Kolawole Olajide former DC, Force CID Annex, Alagbon, Lagos; Julius Alawari Okoro, former DC, Maritime, Lagos; Adelesi Ebunoluwa Oluwarotimi, former DC DFA, Kwara State Command; George Chijioke Chuku, former DC Ops Ebonyi State Command; Paul Alifa Omata, former DC Ops, Kwara State Command; and Effiong Dominic Edem, former DC Ops, Zone 2 Lagos. Others are Yusuf Adesina Akeem, presently at the National Defence College; Mary Gbemudu George, former DC, Anti Human Trafficking Abuja; Etim Aqua Efiom, former DC Ops FHQ, Abuja; Mohammed Yakubu, former DC SCID Anambra Command; Ganiyu Alhaji Salami, former DC ZCID Zone11 Osogbo; Magaji Kontagora Ahmed, former, DC Ops, Lagos State Command; and Kolo Yusufu, presently O/c IGP Special Tactical Squad & TIU.

Also promoted CPs are Bzigu Yakaba Kwazhi Dali, presently on secondment to ECOWAS Commission, Guinea, Bissau; Ahmed Ammani, presently at the National Defence College; Afolabi Babatola Adeniyi, former DC, Ops Yobe State Command; Njoku Henry Eronini, former DC, JTF, Yenagoa, Bayelsa State; Abiodun Oladimeji Asabi; Dankwara Adamu Mohammed, former DC, SPU FHQ, Abuja; Mohammed Usaini Gumel, former DC TIU FHQ, Abuja; Ogundele Ayodeji, former DC Central Intelligence, Force CID Annex, Lagos and Idris Nagoya, former 2i/c Force Animal branch.

The Commission also approved the promotion of 23 Deputy Commissioners to the next rank of Commissioners of Police; 31 Assistant Commissioners to Deputy Commissioners of Police.

Magu’s ordeal began in July 2020 when he was suspended from office as acting EFCC chairman by President Muhammadu Buhari, over Malami’s allegations against him and he consequently appeared before a presidential panel headed by retired Justice Ayo Salami set up to probe him for alleged graft and insubordination.

More to come…

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