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We want to take power to appoint EFCC Chairman from the President – Reps

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The House of Representatives moved a motion on Wednesday that will give more power to the Economic and Financial Crimes Commission to fight corruption by proposing fresh amendments to the EFCC Act, 2004.

The lawmakers also want to insulate the anti-graft agency from the influence of the Presidency, enhance its financial autonomy, prescribe tougher penalties for stealing public money and create a special court for speedy trial of cases.

Four consolidated bills seeking to further empower the commission, passed second reading at a session presided over by the Speaker of the House, Mr. Yakubu Dogara, in Abuja.

The bills were co-sponsored by the Chairman, House Committee on Financial Crimes, Mr. Kayode Oladele; Mr. Bassey Ewa; Mr. Oladipupo Olatunde; and Mr. Bede Ucehenna-Eke.

One of the key amendments seeks to remove the power of appointing the chairman of the EFCC from the President, to be vested directly in the hands of Nigerians.

Under the extant provisions, the President appoints the chairman and forwards the name to the Senate for approval.

But, in the new proposal, which the House described as “more stringent” in appointing or removing the chairman, members of the public are to appoint the commission’s chairman.

Leading the debate on the proposal, Ewa explained, “This amendment will open up the EFCC so that the President will not be the sole person to either remove or appoint the chairman.

“In this new proposal, it will require a petition from the public to the National Assembly for a resolution.

“This resolution, when passed, will be forwarded to the President. Mr. President shall within one month, either accept the resolution or reject it.

“The National Assembly reserves the power to override his veto of the resolution.”

Ewa noted that this was to guard against the current practice whereby the President would want the chairman to be removed if he was not comfortable with the officer.

( Punch Nigeria)

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Akeredolu: There’s A Serious Security Crisis In Ondo

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Akeredolu: There’s A Serious Security Crisis In Ondo

Governor Akeredolu

Governor Rotimi Akeredolu of Ondo State has expressed that there is a serious security crisis in Ondo State.

He made this remark while lamenting the murder of a monarch in the state, Olufon of Ifon in Ose local government, Oba Isreal Adeusi, who was killed by suspected kidnappers.

In a statement issued by the Commissioner for Information and Orientation, Donald Ojogo, Akeredolu described the incident as a sad one for the State.

Also Read: Unknown Gunmen Kill Ondo Traditional Ruler, Olufon Of Ifon

The governor described the act as a heinous crime that is too heavy and unbearable.

He said he has directed security agencies, especially the Nigeria Police, to fish out the perpetrators of the crime.

Akeredolu also vowed to do all he can to unravel those behind the act and make them face the full wrath of the law.

He advised that caution should be exercised from making public reference in statements or utterances in respect of the “great loss.”

 

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Nigeria’s Economy May Emerge From Recession In 2021 Q1, Says Emefiele

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 Nigeria’s Economy May Emerge From Recession In 2021 Q1, Says Emefiele

CBN Governor – Godwin Emefiele

The Central Bank of Nigeria (CBN) has predicted that the nation’s economy may emerge from recession in the first quarter of 2021.

Recall that some days ago, Nigeria entered into recession for the second time since 2016.

CBN Governor, Godwin Emefiele, made the prediction on Friday during the 55th annual Bankers Dinner which held in Lagos.

He expressed that the expected economic growth was two per cent.

Also Read: Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

Emefiele said, “With the sustained implementation of our intervention measures, we do expect that the Nigerian economy could emerge from the recession by the first quarter of 2021.”

“We also expect that growth in 2021 would attain 2.0 per cent. However, downside risks remain, as restoration of full economic activities, particularly in service-related sectors, remains uncertain until a COVID vaccine is produced and made available to millions of people across the world.

“Second, with the significant rise in cases in advanced markets and the imposition of lockdowns in parts of Europe, concerns remain on the impact this could have on growth in advanced economies, commodity prices and the financial markets.”

He also called for measures to “insulate our economy from the impact of these shocks through our diversification efforts, while also working to ensure that we adhere to safety protocols in order to prevent a surge in COVID-19 related cases, as this could further cripple economic activities.

This prediction by the apex bank echoes the projection of the Minister for Finance, Budget and National Planning, Zainab Ahmed, who stated that Nigeria would exit recession in the first quarter of 2021.

 

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Shehu Sani Reacts To Hisbah’s Call For Scrapping Of Black Friday

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Shehu Sani Reacts To Hisbah's Call For Scrapping Of Black Friday

Shehu Sani

Former lawmaker, Senator Shehu Sani has reacted to the call for the scrapping of the popular ‘Black Friday’sales by the Kano State Hisbah Board.

Recall that earlier on Friday, the board asked a radio station, demanding that it stops using the word “Black Friday” to refer to Friday.

Also Read: TECNO Stormed Computer Village with BBNaija’s OZO to Wrap up its Black Friday Sales Activities

The board explained that since Friday is regarded as a holy day in Islam, tagging it “Black Friday” is derogatory and a thus, should not be condoned.

Reacting to the statement, the former lawmaker from Kaduna described the threat by the Hisbah board as ‘nonsensical.”

He wrote:

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