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Ways and Means: Senate blames CBN for frustrating its efforts

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Central Bank of Nigeria (CBN)

 

The Senate Ad-hoc Committee investigating Ways and Means facility granted to the federal government between 2015 to 2023 has taken a swipe at the Central Bank of Nigeria for frustrating its efforts to uncover how the loans were spent.

Speaking after receiving an interim report from its consultants at meeting on Tuesday, Chairman of the committee, Senator Isah Jibrin said the Central Bank of Nigeria has refused to make relevant documents available to the consultants to enable them complete their assignment.

Although the representative of the CBN, Mallam Hamisu Abdullahi, Director of Banking Services tried vehemently to say the apex bank provided all the documents requested, the chairman said the facts are different.

“None of the documents was submitted to us” adding that “as it is, we will not allow you to attend the next meeting because you have been coming here for the same reason. The least person that will attend the next meeting should be a deputy governor of CBN.

Speaking further, Senator Jibrin said “What you are telling us is not the truth. We have not received the documents. I don’t want to deceive the public here”

The Kogi East senator said the aim of the assignment being entrusted to the committee by the Senate President for them to come up with a report within the shortest possible time was being frustrated by CBN action.

“The information we have here is not different from what we have heard all along. What we did was to hand over the documents to the consultants, and when the consultants made available to us this interim report, our intention was to hold onto the interim report on the final report.

“But we’ve been compelled to make available this interim report to the general public so that they know that we let them know where the problem is, and the problem is that the Central Bank of Nigeria has denied us consistently the documents that we need to complete this assignment. That is the truth.

II was at the CBN sometimes, I met Bala the deputy governor. And they promises but nothing came out of it. The clerk has been there several times. Nothing has come out of it. The consultants themselves even took it upon themselves to go with CBN directly, because we introduced them to CBN and nothing has come out of it.

“So let the Nigerian public know that this assignment has been hindered by the Central Bank of Nigeria. They will deny those documents. After this, you must avail us, or avail the consultants, all the documents that they require to complete this assignment.

“The reason for this meeting is to let everybody know why we have not been able to finish this assignment. Because it looks as if we have compromised. And the answer is that we have not. It looks like we have compromised. I just want to say that we are going to sleep. That is not the case. This is a major assignment that God has for everybody. We want to know how these monies were utilized. Okay? We want to know how these monies were utilized.

“Preliminary reports show that there are major, major infractions, especially on the part of the Central Bank of Nigeria. We want to defend that. We need all the documents without exception. Whatever documents the consultants need to ensure that this job is completed efficiently and as soon as possible, you must provide.

“As it is, we don’t have a choice but to give them a time within which they must provide all the documents to the consultants.
You just have to make sure that the documents are sent to the consultants.

“We provided a schedule showing summary of ways and means taking direct ways and means and indirect ways and means. That folder was sent to an email provided by this committee. There was an email provided, we sent, we replied that email three times. And we can resend that document as we speak here. So we have responded, we are not aware of any document requested that we have not provided.

“If there is any document that is requested we have not provided, let us know. All the documents required are in that folder. So after the consultant reviews what is in that folder, if he needs additional documents, our expectation is that he should say one, two, three documents are not there to provide. We have provided it separately and we can provide that again”.

Business & Economy

Bayelsa Solicits Cooperation Of Business Community in Fight Against Fake Products …. Says Gas Turbines Will Reduce Cost Of Doing Business in the State.

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Deputy Governor of Bayelsa State Bayelsa senator Lawrence Ewhrudjakpo flanked by Mega Entrepreneurs Forum

By David Owei, Bayelsa

The Bayelsa State Government has called on the business community in the state to support its efforts at fighting the proliferation of fake and adulterated products that are being distributed and sold to consumers within and outside the state.

The Deputy Governor, Senator Lawrence Ewhrudjakpo, made the call at the weekend when the Bayelsa Mega Entrepreneurs Forum paid him a courtesy visit in Government House, Yenagoa.

The Deputy Governor, who described the mega entrepreneurs as the backbone of the economy of the State, however, noted that they have a critical role to play to checkmate the marketing and distribution of fake and expired goods and products which portend danger to the populace.

While encouraging the entrepreneurs to always pay their taxes to government as required by law, Senator Ewhrudjakpo, assured that the concerns raised by the group, especially the issue of multiple taxation, would be appropriately addressed.

He informed that government had prioritized the twin issues of security and power as key drivers of business and economic development, hence it had invested heavily in the security architecture of the State.

Describing power generation as the major component of the cost of doing business in the country, he further assured the Bayelsa business community that the State Government was working assiduously to meet up the December deadline for the full operation of its new gas turbine plant to solve the problem of epileptic electricity supply.

The Bayelsa number two Man equally called on the big entrepreneurs to extend their various businesses to the rural areas to stimulate a balanced economic growth in every part of the state, and not just in the capital city alone.

On the forthcoming Bayelsa Mega Entrepreneurship Summit, he said government was on top of it and would leave no stone unturned to make it a huge success.

His words: ” It is good to see that you have come together to form a group. Your coming together will do a lot of good for our state. You are a pillar to the economy of Bayelsa State.

“We believe that every good government should create the enabling environment for entrepreneurs to thrive. That is why the ASSURED Prosperity Government is taking the most important to the least. We have improved our security architecture to secure lives and property because without security, nobody can comfortably do business.

“After security, the next thing is power for businesses to thrive. Power generation to sustain business is highly capital-intensive. But very soon, there will be relief as government is working round the clock on the December deadline.

” As a government, we want to encourage you to moderate your businesses, and pay taxes as at and when due. There is also the issue of fake and adulterated products in the State. We need your support and cooperation in the fight to checkmate the proliferation of fake products being sold in the state.”

Earlier in a remark, the Technical Adviser to the Governor on Entrepreneurship Development, Mrs. Charity Kens-Godwin, explained that the visit was intended to create an opportunity for the Bayelsa Mega Entrepreneurs to interface with government.

While reminding the Deputy Governor of the Bayelsa Mega Entrepreneurship Summit that is due in a week’s time, Mrs Kens- Godwin applauded him for his good disposition towards the business community, especially on the issue of multiple taxation.

Also, the CEO of Ayalla Hotels, Chief Ayalla Robert Enogha, thanked the state government for taking the bull by the horn through the acquisition of the gas turbines to stabilize power supply in the state, noting that the cost of diesel consumes a huge chunk of profits from businesses operating in the state.

Chief Ayalla, who extolled government for creating the platform through the office of the Technical Adviser on Entrepreneurship Development, however, pleaded with government to look into the issue of multiple taxation as well as high levies being imposed on truck drivers bringing goods into the state, which translates to higher prices and cost of living.

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Business & Economy

Vehicle Manufacturers, Innoson, To Build CNG Plant In Bayelsa

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Gov Douye Diri of Bayelsa State (middle),Managing Director and Chief Executive Officer, Chief Innocent Chukwuma,(right) flanked by Innoson motors staff

By David Owei,Bayelsa

Nigerian vehicle manufacturers, Innoson Vehicles Manufcturing (IVM) Limited, has disclosed plans to establish a Compressed Natural Gas (CNG) assembly plant in Bayelsa State.

The Managing Director and Chief Executive Officer, Chief Innocent Chukwuma, stated this on Monday when he visited Governor Douye Diri in Government House, Yenagoa.

The Innoson CEO said the investment would boost the state’s transportation sector as well as provide training and create jobs.

He stated that the initiative will also promote cleaner and greener environment and enhance the country’s capacity to meet its renewable energy target by 2030.

In his presentation, the company’s Corporate Communications Manager, Mr. Kamsi Ejiofor, explained that the objective is to introduce modern CNG buses, ambulances and vehicles that would enhance mobility and public efficiency in the state.

According to him, the plant will generate 1000 jobs and thousands of direct opportunities in assembly, maintenance, logistics and local manufacturing as well as boosting Bayelsa’s economy by enhancing its industrial base.

Ejiofor said: “The usage of CNG vehicles will save cost from fuel and maintenance, improve health, cleaner air and lead to innovation in Bayelsa, making the state a clean energy and tech pioneer in Nigeria.”

Responding, Bayelsa State Governor, Senator Douye Diri, commended Chief Chukwuma for the decision to site the the CNG conversion plant in the state, noting that the investment would help grow Bayelsa’s industrial base.

While expressing his administration’s commitment to collaborate with the vehicle firm, Senator Diri described the initiative as a welcome development towards moving the state’s economy from consuming to production.

The governor, who said the investment was timely, noted that procurement of CNG vehicles was in the state government’s budget projection for 2026 and expressed delight over the economic impact of such investment, particularly in the area of job opportunities.

The state’s helmsman noted that his administration was putting in place the necessary infrastructure to support investments in Bayelsa and urged other investors to emulate Innoson to invest in the state.

“It is a welcome development for CNG vehicles plant to be sited in Bayelsa. We are ready to partner with you.

“One area that l am interested in is the CNG aspect. The world is moving towards renewal energy because of environmental pollution.

“My administration was considering purchasing CNG buses to run our upland transport system. Your coming is timely because it is part of our projections for 2026.

“I assure you that we are putting in place the right environment to enable investments thrive in terms of peace and security, infrastructure and our independent power supply, which will ensure uninterrupted electricity.”

Diri also announced an implementation committee to interface with the company.

The committee has Secretary to the State Government, Prof. Nimibofa Ayawei as chairman while other members are the Commissioner for Trade and Investment, Jones Ebieri, his Information and Finance counterparts, Mrs Ebiuwou Koku-Obiyai and Maxwell Ebibai respectively.

Others are the Commissioner for Justice and Attorney-General, Biriyai Dambo (SAN),
Preye Broderick (Transport), Mazi Johnson Onuma (General Duties), as well as the Special Adviser on Investment, Owanari Harry, and the
Technical Adviser on Entrepreneurship, Charity Kens Godwin.

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Business & Economy

Anua Offot Market builds eight new public convenience, Village Head, Market Chairman lauds NYSC, NEMA on market sanitation

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village head of Anua Offot, Uyo Local Government Area, Chief Linus Inyang flanked by NYSC Members and officials

 

By Emmanuel Ikpe

The village head of Anua Offot, Uyo Local Government Area, Chief Linus Inyang had commended effort of the Anua Offot Market Management Committee for working tirelessly to provide convenience to market women and visitors to the market alike.

Chief Linus Inyang gave the commendation while cutting the tape to open the newly built public convenience for use at the weekend, while expressing confidence in the market management team for doing everything possible to uplift the standard of living of people in the market, expressed the determination to continue to attend to the plight of those selling at the market square.

The Village Head has also commended the Community Development Service Team of the Nigeria Youth Service Corp, NYSC for choosing Anua Offot Market to carryout their practical assignment by cleaning the market, which he described it as lovely.

Speaking, the President of Environmental Protection Service Group of the NYSC, Afasare Precious, said they were at the market to sensitized the traders on waste management and control in order to keep health of the market environment high and this has been demonstrated with the general cleaning of the market square.

The President of Disaster Management Team of the NYSC, Akinwumi Ayomide said they came under the supervision of National Emergency Management Agency NEMA, and the Environmental Sanitation CDS Group, to sensitized the market women on proper waste management and flood control, and was pleased that the women hearken to the exercise.

“We came to tell the market women that if the don’t disposed their waste properly, it would lead to blockage of drainage and flooding and we don’t wished anyone to experience flood no matter how little it maybe”, she stated.

Meanwhile, the chairman of the Anua Offot Market Management Committee, Mr Ransom Unung has appreciated the NYSC, NEMA and her team for choosing the market as their place of practical assignment and for NEMA for the orientation given to the market women on waste management and flood control while describing the exercise as very important and a necessity, he laud the market women for keying into the development. Unung appreciated the village head for giving him opportunity to served in that capacity, to interpret his dream and vision to the market women, promised to double up his efforts in his services to his people and his government.

Speaking earlier, Yellow-Duke Offiong, a Disaster Rok Officer of NEMA reiterated the agency continuous commitment to work with the NYSC and relevant government agencies to carryout awareness campaign on proper waste management and flood control and it effects on environment and human live.

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