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Economic crisis: NASS to support manufacturing industry in Nigeria – Akpabio

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President of the Senate, Godswill Akpabio has said the 10th National Assembly will support the manufacturing industry in Nigeria to succeed.

Akpabio made the pledge on Wednesday when the Executive of the Manufacturers Association of Nigeria, MAN, paid him a courtesy visit in his office.

The Senate President identified the plight of the manufacturers as a result of the economic situation in the country and praised them for their resilience.

He explained to his guests the collaborative efforts of the National Assembly with the executive arm of government to turn things around, particularly in the areas of security and economy.

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Akpabio said: “We welcome any formal communications to make your work easier, to legislate on issues that affect you, in order to ensure that you improve on what you are doing.

“You don’t need to even mention the fact that the current power situation has adversely affected the manufacturers in the country.

“You don’t need to mention the fact that the inflation rate has affected you seriously.

“You don’t need to mention the fact that the fluctuating foreign exchange rate has affected you seriously. Then the issue of pricing comes in. When you have to manufacture at a very high cost, it means that the price to the consumers also has to increase. And then of course, with the low earning capacity of Nigerians, you may end up having products that are overpriced. That can also affect your expansion.

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“So let me commend the Manufacturers Association of Nigeria and by implication the Council members that in spite of the difficult times, you have managed to sustain this association.

“There is no need to overstate the fact that whatever this Senate or National Assembly as a whole can do to assist you, we will do so.

“We look forward to working closely with you, removing the bottlenecks and supporting you in order to make the industry flourish.

“On behalf of the Senate and the National Assembly as a whole, we assure you of our total support. You need to continue to do what you are doing to create employment opportunities for our people and also make products available for Nigerians at affordable cost and that involves also the issue of improvement in power, availability and right pricing for gas.”

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Earlier, the President of MAN, Otunba Francis Meshioye, who led the delegation, said the visit was to discuss the current state of the manufacturing sector and collaborate on identifying areas where legislative support was crucial for manufacturers to effectively fulfil their long standing roles in employment and wealth creation.

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Court dismisses SERAP’s suit against NASS budget

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By Francesca Hangeior

Justice James Omotosho of the Federal High Court sitting in Abuja has dismissed a suit by the Incorporated Trustees of the Socio-Economic Rights and Accountability Project, SERAP, challenging the powers of the National Assembly to amend its budget in the 2024 Appropriation Act.

Justice Omotosho ruled, among others, that SERAP lacked the locus standi to institute the suit.

The judge upheld the argument of Dr. Sheriff Adesanya, who represented the 1st Respondent (the Senate President), that the interest of SERAP and that of the 20 concerned citizens it represented, was no greater than that of the general public.

Furthermore, Justice Omotosho agreed with Dr. Adesanya (of Abiodun Adesanya & Co) that the plaintiff’s claims were without merit.

He dismissed the case in its entirety.

SERAP, through Andrew Nwankwo of Eko Akete Chambers, had contended that the National Assembly’s unilateral increase of its budget allocation from ?197 billion to ?344 billion contravened Section 81 of the Constitution, the Code of Conduct for Public Officers, and democratic principles, particularly the separation of powers.

The organization sought a declaration that the budgetary increase was unconstitutional and requested orders compelling the National Assembly to adhere to constitutional procedures by re-presenting any amended appropriation bills to the President for approval before enactment.
Apart from arguing that the Plaintiffs had no standing to initiate the suit, Dr. Adesanya also defended the procedural validity of the National Assembly’s budgetary actions, Saying SERAP failed to show that the lawmakers’ action was procedurally irregular.

The lawyer had told the court that “It is respectfully submitted that the presumption of regularity enjoyed by the National Assembly’s Act must be rebutted by the Plaintiffs.

“Apart from speculative claims by the Plaintiffs that the altered appropriation bill was not forwarded to the President after amendment by the National Assembly, there is no evidence (assuming such alteration necessitated representation to the President) to support this assertion.”

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Nigeria prosecutes 100 terror financiers in 2 years —Tinubu

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By Francesca Hangeior

President Bola Tinubu, yesterday, announced that Nigeria has successfully prosecuted over 100 terrorist financiers in the past two years as part of its ongoing fight against financial crimes and terrorism financing.

This effort aims to disrupt the financial networks supporting terrorist groups such as Boko Haram and Islamic State West Africa Province, ISWAP, ultimately safeguarding communities and fostering a secure environment for development.

The announcement was made by Secretary to the Government of the Federation, SGF, Mr. George Akume, who represented Tinubu at the National Anti-Money Laundering, Combating Terrorism Financing and Counter Proliferation Financing Compliance Summit held in Abuja.

He said: “By taking away the funds, resources and material support behind Boko Haram and ISWAP, we are denying them the ability to inflict terror on our communities and citizens.

“We have made progress to tackle the threats of terrorism and other violent crimes through the gallant action of our frontline troops and our security agencies.

“Through the efforts of the office of the national security adviser and the attorney-general of the federation, we have prosecuted and convicted over 100 terrorist financiers in the last two years.
“It is an approach that we are utilising as a fundamental component of our national strategies to combat serious criminal offences.”

Hafsat Bakari, Chief Executive Officer of Nigerian Financial Intelligence Unit, NFIU, who also spoke at the summit, highlighted the importance of collaboration among various stakeholders, including political leaders, financial institutions, law enforcement agencies, and international partners.

“The fight against financial crimes is not one that any single entity can win alone. It requires the collective strength and commitment of our political leaders, regulators, financial institutions, law enforcement and security agencies, and international partners,” Bakari stressed.

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Man found dead in Kano well

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By Francesca Hangeior

Kano State Fire Service has recovered the lifeless body of an unidentified 45-year-old man from a well in Babawa village, Gezawa Local Government Area of Kano State.

In a statement released on Wednesday, the Kano State Fire Service spokesman, Saminu Abdullahi, said the control room received a distress call reporting the incident.

The statement read, “Today being Tuesday 21st January 2025, at about 12:59 hrs, the State Fire Service control room received an emergency call from a police officer, ASP KABIRU LAWAN of Gezawa police division.”

“He informed the control room about the incident at BABAWA VILLAGE in Gezawa Local Government area.

“Emergency rescue team from the state headquarters were mobilised to the scene of the incident, arrived at 13:25 hrs and found a man of about 45 years old, whose identity is unknown to anyone within the vicinity.”

According to the fire service, the man appeared unconscious when first found in the well.

Efforts to rescue him proved futile, and he was later confirmed dead, suspected to have succumbed to prolonged exhaustion.

“Thereafter, the victim was handed over to ASP Kabiru Lawan of Gezawa Police division for further action,” he said.

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