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Senate panel adjourns over minister’s ‘ignorance’ about Fed Govt’s housing schemes
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The Senate Committee on Housing yesterday deferred its budget defence session with the Minister of State for Housing and Urban Development, Yusuf Abdullahi-Ata.
This followed the minister’s confession that he was unaware of the difference between the National Housing Scheme and the Renewed Hope Agenda Housing Scheme initiated by President Bola Ahmed Tinubu’s administration.
At the beginning of his presentation, the minister of state told the committee that he was delegated by the main minister, Ahmed Dangiwa, who was out of the country on a trip with President Tinubu.
In the course of the session, two members of the committee – Senators Abdul Ningi and Jimoh Ibrahim – disagreed about the sites of the Renewed Hope Housing Schemes across the states of the federation.
Abdullahi-Ata said the ministry was building 7,522 housing units under the National Housing Programme, out of which 3,388 had been completed.
Members of the committee, which is chaired by Aminu Tambuwal, wanted to know the implementation status of the Renewed Hope Agenda Housing Scheme and how it was different from the ongoing National Housing Programme of the Federal Government.
Abdullahi-Ata replied: “I am still yet to understand the difference between the two.”
The minister of state, a former Speaker of the Kano State House of Assembly, joined the Tinubu cabinet last October, following a reshuffle.
On the status of the Renewed Hope Housing Scheme and Cities Programme and National Housing Programme, he said “7,522 housing units spread across the 35 states of federation and the Federal Capital Territory (FCT) are under construction, out of which 3,388 have been completed, while 4,134 units are still ongoing”.
The senators queried the visibility of the projects the minister listed in his presentation.
But he confessed that neither himself nor the permanent secretary in the ministry could give details about the projects because they were both new in the ministry.
Abdullahi-Ata appealed for a postponement of the budget defence to enable him have more time to prepare for it.
Tambuwal told the minister to “go and come back on Tuesday” next week.
Also, the Managing Director and Chief Executive of the Federal Mortgage Bank, Shehu Usman Ossidi, told the committee that out of the proposed N5 billion capital base for the bank, only N2.56 billion had been fully paid up.
Of the paid-up capital, he said the Federal Government contributed N2.5 billion while the Central Bank of Nigeria (CBN) contributed only N60 million out of its N1.5 billion share capital.
The bank chief said the Nigeria Social Insurance Trust Fund (NSITF) had also not contributed contribute its N1 billion share capital to the bank.
He urged the committee to intervene to ensure that the seed capital was not only met but that the bank recapitalised to meet the dynamics in the sector.
Also yesterday, Interior Minister Olubunmi Tunji-Ojo yesterday said the ministry successfully executed multi-billion naira capital projects in 2024, despite not receiving any capital allocation.
The ministry achieved the feat by reviewing and enforcing existing contracts and by compelling contractors to fulfill their obligations, as stipulated in their agreements.
Speaking during the 2025 budget defence session before the National Assembly’s Joint Committee on Interior, Tunji-Ojo said some of the contracts dated as far back as 1999 and that they had been abandoned by contractors, either in breach of the contract terms or under Public Private Partnership (PPP) or concession agreements.
“We were able to complete automation e-gates, the command and control centre, resource centres, visa approval centres, solar farms, and other projects by thinking outside the box,” he said.
Tunji-Ojo stressed that the ministry achieved the milestones without incurring additional costs to the government.
“We didn’t spend a kobo of government money to do some of these things. What we did was avoid entering into new contracts. Instead, we reviewed existing ones and implemented value proposition management to ensure contractors fulfilled their obligations.
“For example, someone with a contract for issuing visa approval centres (VACs) hadn’t built a VAC centre. We had to ensure they delivered. Another contractor providing border control solutions implemented the software component but failed to deliver the hardware, which is essential for e-gate solutions. I made it clear that contracts cannot be implemented partially but that they must be executed holistically,” he said.
Following his presentation, the Chairman of the Senate Committee on Interior, Adams Oshiomhole, and his House of Representatives counterpart, Abdullahi Aliyu, praised Tunji-Ojo for surpassing the 2024 revenue target, despite the zero capital allocation.
But when a committee member alluded to an omission of tender fees in the budget proposal, the minister apologised and promised to provide the details promptly.
Also yesterday, the House of Representatives Committee on Public Accounts has said weaknesses in the nation’s auditing and accounting systems fuel corruption in the public finances.
Speaking at the budget defence of the Office of the Auditor General for the Federation (OAuGF), the Chairman of the Committee, Bamidele Salam (PDP, Osun), noted that as a result of the weaknesses, pervasive corruption was depriving government of revenue to function and deliver the needed development in the country.
The lawmaker was reacting to the budget presentation by the Auditor General for the Federation, Shaakaa Kanyitor Chira.
The AuGF informed the committee that there were various challenges hindering the operations of the office.
Chira said the office was grossly underfunded and understaffed to discharge its enormous responsibilities resulting in late compilation and submission of the annual reports.
Responding, Salam said: “There is a lot of money that ought to accrue to government that we are losing as a result of weaknesses in our accounting systems, weaknesses in auditing, weaknesses in general financial management architecture. This also has been reflected even in the budget performance of the Auditor General’s office.
“The committee raised a few observations also on the need for the Auditor General to expand its coverage of major Ministries, Departments and Agencies (MDAs) of government in a manner that will put greater attention on the places that have more of the revenue.
“There are some major agencies of government that have not been well audited in the last couple of years. If you don’t audit properly, you are giving an indication that there is less attention on certain agencies and that may promote a lot of impunity happening in those agencies.
“Even though the Auditor General has limitations because of budgetary constraints, because of personnel constraints, the office is mandated to audit almost 1,000 Ministries, Departments and Agencies of government, do periodic audits, appoint auditors for those that they are not going to audit directly.
“All this will require a lot of resources and manpower. We saw these gaps again in the presentation made today, and we are going to work as a parliament in cooperation with our sister committees that directly oversight some of these agencies in a manner that will make the work of the Auditor General to be more impactful, to be more result-oriented.”
The National Assembly Joint Committee on Finance yesterday set a revenue target of N25 trillion for the Federal Inland Revenue Service (FIRS) for the 2025 fiscal year.
The committee hailed the agency’s Executive Chairman, Dr. Zaccheus Adedeji, for raking in N21.6 trillion above its target of N19.4 trillion in 2024.
The resolution of the committee was announced during an interactive session with Adedeji and his management team in Abuja.
Following Adedeji’s presentation, the Deputy Chairman of the House of Representatives Committee on Finance, Saidu Musa Abdullahi, described the performance as unprecedented.
“The feat attained by FIRS on revenue collection or generation in 2024 was unprecedented and wonderful; it’s worthy of commendation.
“That you surpassed the target set for the agency in the 2024 Appropriation Act from N19.4 trillion to N21.6 trillion is very cheering and encouraging,” Abdullahi said.
He urged the FIRS chairman to understudy the South African template, saying it helped the country to generate revenue from tax collections far above that of Nigeria, despite having a smaller population of about 45 million to 54 million people, compared to Nigeria’s estimated over 200 million population.
“We shall give you total support on your tax reforms, but you need to bring in more number of taxable citizens into the net from the informal sector,” he said.
Also, Senator Joel Onowakpo Thomas (PDP, Delta South) hailed Adedeji and his team.
He said focusing more on tax is the way to go, adding that this was why FIRS must deepen the process through targeted reforms.
Also yesterday, the National Assembly Joint Committee on Basic Education Bodies queried the National Examinations Council (NECO) for spending the revenue it generated from selling Senior School Certificate Examination (SSCE) registration forms without permission in 2024.
The committee issued the query when the NECO Registrar, Prof. Ibrahim Wushishi, appeared before the panel to defend the 2024 budget performance and 2025 proposal.
The committee stepped down the examination body’s budget defence due to discrepancies in its presentation.
Wushishi told the committee that NECO realised over N22 billion from the sales of the registration forms at the rate of N22,250 to over 1.3 million candidates for the examination in 2024.
The registrar said of the revenue, the Federal Government deducted N9.5 billion and the balance was spent on the overhead cost of the agency.
But the committee said this did not add up, as the registrar noted that the government deducts 50 per cent, leading the lawmakers to query how it would amount to N9.5 billion.
Wushishi said: “Because of the fiscal policy of the government to deduct 50 per cent directly from source, the government has taken N9.5 billion from the same account, which makes NECO difficult to operate.
“We are still reconciling and following up with the Office of the Accountant General of the Federation to see how we can reconcile and put our house in order and submit.
Following the development, the committee adopted a motion to step down the budget defence due to insufficient documents and the inability of the NECO registrar to give satisfactory explanation on the 2024 budget performance.
President Bola Ahmed Tinubu has approved the recruitment of 5,000 personnel to tackle overcrowding and strengthen the Nigerian Correctional Service (NCoS).
The acting Comptroller General of the service, Sylvester Nwakuche Ndidi, announced this during a presentation to the House of Representatives Committee on Reformatory Institutions, chaired by Chinedu Ogar.
Ndidi said though the President granted the approval in August 2024, the recruitment process was delayed due to funding constraints.
He assured the lawmakers that the recruitment would start once the Civil Defence, Correctional, Fire, and Immigration Services Board (CDCFIB) approved the funding in the 2025 budget.
During the presentation, the committee members expressed frustration over the delay, stressing the need to address overcrowding in correctional facilities.
A member of the committee, Victor Ogene, called for transparency in the recruitment process, stressing the essence of timely action.
Ndidi presented the NCS’s proposed 2025 budget, amounting to N183.6 billion.
Key allocations included personnel costs of N127 billion, overhead costs of N45.8 billion and capital expenditure of N13.4 billion.
He said a significant portion — N38 billion — was earmarked for feeding the country’s 91,100 inmates at a daily cost of N1,125 per inmate.
The acting CG raised concerns about the reduction in capital expenditure by N762 million and called for an additional N70.4 billion to modernise custodial facilities, enhance security, and digitise inmate management.
The Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Dr. Mele Kyari, has said the company remitted N10 trillion to the Federation Account last September.
He also claimed that NNPCL “is the only company in Nigeria that publishes 100 per cent of its account on a yearly basis”.
Kyari spoke during his presentation on revenue generation and performance of the NNPCL in 2024 and its projection for 2025 before the National Assembly Joint Committee on Finance in Abuja.
The GCEO described the NNPCL as the highest tax payer in the country as well as highest payer of royalty and dividends.
He announced that the company wanted a forensic audit to be conducted on the money it spent to stabilise the price of petrol from January to September 2024 and for uninterrupted supply of petroleum products.
“Until October 1, 2024, NNPCL, as mandated by the Petroleum Industry Act (PIA), acted as the supply of last resort on fuel supply, which requires forensic audit to know how much NNPCL is being owed or owing any agency.
“Our transactional account is very transparent, which is published on yearly basis, making NNPCL the only company in Nigeria noted for that and also the highest tax payer in the country as well as highest payer of royalty and dividends to shareholders as a commercial national oil company,” he said.
Kyari told the joint committee that the company’s revenue projection for 2025 would be made after the meeting of its board of directors in two weeks.
The National Assembly Joint Committee on Finance yesterday exonerated the Joint Admission and Matriculation Board (JAMB) over alleged financial impropriety the lawmakers made against it during its presentation on Monday.
JAMB’s Registrar, Prof. Ishaq Oloyede, had said the examination body spent N1.1 billion on meals, N850 million for fumigation, among others.
But Senator Adams Oshiomhole (APC, Edo North) queried the board over its spending and asked the registrar to justify N850 million allegedly spent on security, cleaning, and fumigation in 2024.
But in a statement yesterday in Abuja, 48 hours after the session, the Chairman of the National Assembly Joint Committee on Finance, Senator Sani Musa (APC, Niger East), said the JAMB registrar was wrongly accused of reckless spending based on the latest documents submitted to the committee by the examination body.
The statement, titled: Clarification on the JAMB Report on Revenue, reads: “For the purpose of clarity, the comprehensive report provided by JAMB indicates that the line items mentioned during Monday’s hearing on revenue do not suggest any mismanagement or misuse of the board’s funds.
“On the contrary, the report highlights the responsible and prudent use of resources under the leadership of the Registrar.
“The Registrar of JAMB, Professor Is-haq Oloyede, deserves commendation for demonstrating financial discipline and accountability in managing the board’s resources effectively.
“This level of stewardship serves as a model for public institutions across the nation.”
News
Edo new speaker reveals why speaker was flushed out
The newly elected Speaker of the Edo State House of Assembly, Yekini Idiaye, has revealed why his predecessor, Blessing Agbebaku, was flushed out by lawmakers over alleged poor leadership and corruption.
Idiaye, who represents Akoko-Edo Constituency I and is a third-term lawmaker, emerged as Speaker on Monday following Agbebaku’s resignation amid moves by lawmakers to impeach him.
Addressing journalists after Monday’s plenary, Idiaye accused Agbebaku of poor leadership, alleging that his tenure was characterised by corruption and prolonged adjournments.
He said, “The House was inaugurated on the 16th of June, 2023 under the leadership of Agbebaku, and since then we have been passing through a lot of challenges, corruption here and there, adjournment here and there, sometimes for 30 days without a cause. We are not happy with his leadership style. His leadership is poor, and it has been drawing the work of the government backwards.”
Idiaye added, “That is why we removed him. We must encourage our performing governor. He is doing well, anything that will derail or stop our performing governor, we must stop it. That is why we changed him. I can assure all of you that we will do everything possible to support Governor Monday Okpebholo to move this state forward.”
He said, “The House was inaugurated on the 16th of June, 2023 under the leadership of Agbebaku, and since then we have been passing through a lot of challenges, corruption here and there, adjournment here and there, sometimes for 30 days without a cause. We are not happy with his leadership style. His leadership is poor, and it has been drawing the work of the government backwards.”
Idiaye added, “That is why we removed him. We must encourage our performing governor. He is doing well, anything that will derail or stop our performing governor, we must stop it. That is why we changed him. I can assure all of you that we will do everything possible to support Governor Monday Okpebholo to move this state forward.”
Idiaye’s emergence was also said to have followed the Assembly’s zoning arrangement, which provides that when the governor is from Edo Central Senatorial District, the Speaker should come from Edo North.
Idiaye, being the oldest member from Edo North, was subsequently elected Speaker.
News
NDLEA destroys N301bn worth of cocaine, heroin, opioids, others in Lagos (Photos)
. ‘We’ll continue to dismantle drug cartels and their financial spine,’ Marwa vows
. Gov. Sanwo-Olu, CG Customs Adeniyi, Naval Chief commend partnership with NDLEA on drug war
The National Drug Law Enforcement Agency (NDLEA) has publicly destroyed 329,865.585 kilograms of assorted illicit drugs with an estimated street value of Three Hundred and One Billion, Fifty-Eight Million and Seventy-Six Thousand Naira (N301,058,076,000) only in a court-ordered exercise carried out in Lagos.
The exercise, conducted pursuant to orders of the Federal High Court, Lagos Judicial Division, disposed of uncontested concluded cases and abandoned seizures. Of the total consignment, 246,864.535 kilograms were seized by the Lagos Strategic Command of the Agency between April 2025 and May 2026, while 83,001.05 kilograms came from the Murtala Muhammed International Airport (MMIA), Tincan and Apapa Strategic Commands, as well as the Marine Command and a Special Operations Unit, all operating within Lagos.
The destroyed illicit drugs comprised mainly cocaine, heroin, methamphetamine, cannabis of different strains including Canadian Loud and skunk, ephedrine, tramadol, codeine syrup and other opioids, as well as khat leaf.
Speaking at the event held at Navy Town in Ojo area of Lagos on Monday 17th August 2026, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) described the exercise as a bold demonstration of Nigeria’s resolve to protect its people and deny criminal enterprises the resources they need to thrive. He noted that behind every kilogram of narcotics destroyed lies a story of a young life at risk, a family torn apart by addiction, and communities endangered by drug-related crime and impaired driving.
Marwa said the destroyed consignment represented more than the elimination of contraband, stressing that illicit drugs weaken the labour force, raise healthcare costs, discourage investment and drain public resources that should go into education, healthcare and infrastructure. He added that every consignment intercepted by the Agency saves the country billions of naira in potential losses linked to addiction, crime and social dislocation.
The NDLEA boss also linked the trade in illicit drugs to Nigeria’s broader security challenges, noting that drug trafficking helps fund organised crime, terrorism and violent extremism globally, and that by seizing and destroying such substances, the Agency is strengthening the country’s national security architecture.

He commended the support of President Bola Ahmed Tinubu, and his administration’s strategic backing for the Agency’s mandate, as well as the partnership of the Judiciary, the Lagos State Government, the military, sister security agencies, international partners, civil society, traditional institutions, the media and members of the public.
Marwa paid tribute to NDLEA personnel across the country, particularly those serving in Lagos while acknowledging the risks and sacrifices they make in the course of their duty.
Issuing a stern warning to drug barons, traffickers, financiers, distributors and dealers, the NDLEA Chairman declared that their days of operating with impunity are over. “Wherever you hide, whoever sponsors you and however sophisticated your network may be, the long arm of the law will reach you,” he said, vowing that the Agency remains resolute, relentless and uncompromising in pursuing and dismantling every criminal network and its financial spine.
He called on all Nigerians, parents, schools, religious and traditional leaders, and the media to become active stakeholders in the war against illicit drugs, stressing that the battle cannot be won by the NDLEA alone.
Speaking at the ceremony, Lagos State Governor Babajide Sanwo-Olu said “the scale of what has been destroyed today, about 300 tons of narcotics and psychotropic substances, is a huge and sobering reminder of the enormity of the threat that illicit drugs pose to our communities, our young people, and our collective future. It is also, in equal measure, a powerful testament to what becomes possible when law enforcement, the judiciary, and the government work hand in hand, not merely to enforce the law, but to uphold justice, protect society, and secure a better future for our people. It reminds us that when institutions unite around a shared purpose, the law becomes more than an instrument of enforcement.”
Represented by the Secretary to the State Government, Mrs. Bimbola Salu-Hundeyin, the governor assured that “Lagos State is unwavering in its resolve to confront drug abuse and trafficking, and we will not relent in our efforts to do this.”
In his goodwill message, the Comptroller General of Customs Bashir Adewale Adeniyi noted that the “NDLEA deserves all the accolades they have received from local and international partners”, adding that “It is not just about the size of what we are seeing but about the scope of what has been taken from operations conducted in our seaports, at our airports, at our land borders. This therefore represents a very strong message to drug dealers that they are no longer welcome in Nigeria.”
He noted that there’s a nexus between drug dealers and violent non-state actors because drug continues to provide the oxygen for their crime. “Bandits, kidnappers, armed robbers, insurgents, terrorists, this is their oxygen and so the destruction that we are going to witness today is symbolic of two things: drug dealers are going to be losing investments worth billions of naira and we are going to be denying non-state violent actors the necessary oxygen that they need for their heinous crime and as we hope that we suffocate them, deny them access to this kind of thing, we believe that this will continue to be their lot. They will continue to invest and they will continue to lose their investments. I want to commend the chairman of NDLEA and in fact all our officers and men operatives throughout our commands who are responsible for this”, he added.
Speaking in the same light, the Chief of Naval Staff Vice Admiral Idi Abbas represented by the FOC Western Naval Command, Rear Admiral Abdullahi Mustapha assured of continued support for Nigeria’s drug control efforts being coordinated by NDLEA.
News
See Dollar to Naira exchange rate today, August 17, 2026
The Nigerian naira opened the week relatively strong against the United States dollar, with the local currency trading around N1,357.61 per dollar at the official Nigerian Foreign Exchange Market (NFEM) window and about N1,420 per dollar at the parallel market.
Data from the Central Bank of Nigeria (CBN) showed that the NFEM rate stood at N1,357.61 per US dollar as of the latest available official market data. The rate is based on the volume-weighted average of transactions in the official foreign exchange market.
The parallel market, meanwhile, continued to quote the dollar at around N1,420, leaving a gap of approximately N62.39 between the two markets. Proshare reported that the naira had appreciated by 59 basis points at the official market to N1,357.61/$, while the parallel-market rate remained at N1,420/$.
The latest official rate represents an improvement for the naira compared with the previous week’s N1,365.69 per dollar. The appreciation has been linked to improved foreign exchange liquidity and supply conditions in the official market.
More recent market indicators also point to continued stability in the naira-dollar exchange rate. A live USD/NGN rate source put the dollar at about N1,358.30 as of the early hours of August 17, while other market data placed the currency around the N1,358 level.
The naira’s performance comes amid stronger external reserves and recent changes by the CBN aimed at improving liquidity and efficiency in Nigeria’s financial markets. Nigeria’s external reserves rose to $52.19 billion as of August 12, 2026, their highest level in 17 years, according to recent reports.
For Nigerians buying or selling dollars outside the official market, the parallel-market rate remains higher than the NFEM rate. The difference reflects continued segmentation between the two foreign exchange channels, although the spread remains relatively contained compared with periods of severe market volatility.
As trading progresses on Monday, August 17, the official NFEM rate and parallel-market quotations could change depending on dollar supply, demand from importers and other FX users, CBN interventions and broader global currency movements.
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