News
HoR Mandates Its Cttees To Investigate Alleged Execution Of Slave Agreement Between Nigeria And China
By Kayode Sanni-Arewa.
The House of Representatives has mandated its Committees on Treaties, Protocols and Agreements, and on Legislative Compliance to investigate the allegation of Execution of Slave Agreement between Nigerian Miniseries, Departments and Agencies with Chinese State.
The House has given the directives sequel to the presentation of a motion in the floor by Hon. Ahmed Yusuf Doro seeking the House to investigate the alleged execution of slave agreement between Nigeria and the Federal Republic of China.
The House notes that, the Nigeria’s Federal and State Governments have constitutional and statutory powers to obtain loans from local and foreign creditors, but must adhere to processes and controls for fiscal, financial, and
economic stability;
Also notes that foreign loans must meet External and Domestic Borrowing Guidelines for Federal, State Governments, and Federal Capital Territory and their Agencies as a prerequisite;
Aware that Paragraph 2.2 (vii) of the Guidelines provides that all external loans must have approval in the Annual Budget of the Federation before they are obtained;
Also aware that the Federal Ministry of Finance, the Debt Management Office, and other government institutions have developed interest in obtaining loans from Chinese State entities and have increased Nigerian debt exposure to China;
Further notes that a careful review of the loans with these Chinese entities, indicates that the loans are one sided, the terms are onerous and vexatious, and they are tantamount to slave agreements;
The House has observed that, the relevant public servants and civil servants charged with the responsibility for exercising due diligence before these loans are signed are always in a hurry and do not scrutinize these loans. As a result, Nigeria has executed loans that create significant hardship for Nigeria
Also, it observed that the terms specified in these slave agreements can never be met and fulfilled by Nigeria, hence, the agreements were designed originally with the intention to fail and put Nigeria at risk. Especially the risk of national embarrassment and the potential for seizures of Nigeria’s national and international assets;
The House has expressed concern that, there is a need for an investigation and thorough review of the terms of these slave agreements and to quantify the risks, threats, and dangers associated with them, in order for pro-active steps
to be taken to prevent another repeat of the P&lD scandal and to prevent a situation where Nigeria’s sovereign assets will be threatened both home and abroad.
The House has mandated the Committees to investigate the said allegations and report back to it within four (4) weeks for further legislative action.
The lawmaker representing Kaura Namoda South Constituency in the Zamfara State House of Assembly, Aminu Ibrahim Kasuwar-Daji, has died.
It was gathered that the lawmaker passed on in his sleep during the early hours of Wednesday.
Aminu Ibrahim Kasuwar-Daji’s sudden death came as a shock to many in the state, especially his colleagues and political associates.
The All Progressives Congress (APC) in Zamfara, the party under which he was elected, expressed deep sorrow over his passage.
Members of the party, including the State Working Committee and other supporters, described his death as a great loss.
They said he was known for his dedication and honesty in serving his people.
His family, community members in Kaura Namoda South, and fellow lawmakers have been thrown into mourning as preparations for his burial began.
According to Islamic rites, he was buried today at 3:00 pm in his hometown of Kasuwar-Daji, located in the Kaura Namoda Local Government Area.
Many in the state have continued to express grief as they remember the role he played in representing the people and contributing to the work of the state assembly.
Mr. Sam Olumekun has taken over at the Independent National Electoral Commission (INEC) as Acting Chairman.
Olumekun is INEC’s National Commissioner in charge of Information and Voter Education.
He performed his first duties today, receiving a high-level delegation of the Labour Party (LP) at the Commission’s headquarters in Abuja with other National Commissioners in attendance.
The delegation was led by Abia State Governor Dr. Alex Otti, who visited the Commission to discuss key developments within the Labour Party.
It was gathered that both parties engaged in discussions centered on enhancing collaboration and reinforcing democratic values.
During the visit, Governor Otti formally presented a Certified True Copy of the recent Supreme Court judgment concerning the party’s leadership.
He noted that the meeting was aimed at fostering clarity, mutual understanding, and institutional alignment regarding the Labour Party’s current structure.
Mr. Olumekun, the Acting INEC Chairman, reaffirmed the Commission’s unwavering commitment to neutrality, transparency, and the rule of law in the discharge of its constitutional responsibilities.
Recall that a viral WhatsApp message had indicated that Prof. Mahmood was sacked by President Bola Tinubu and replaced with one Prof. Bashiru Olamilekan.
“INEC Chairman Prof. Mahmud Yakubu has been replaced with Prof. Bashiru Olamilekan by President Tinubu,” the message, which had no attribution, read. However, both INEC and the Presidency debunked the widespread report.
Yakubu, who is rounding off his second tenure in office, is expected to exit the system towards the end of this year.
The process of appointing an INEC chairman is the President nominating a candidate and forwarding his particulars to the Department of State Services (DSS) for profiling.
After such screening, the President, thereafter, takes the name to the National Council of State for its advisory review.
Based on the outcome, the President sends the name to the Senate for screening and confirmation.
Crude oil prices have dropped below $57, following a previous rate of $59.78.
This decline coincides with the imposition of tariffs on several countries by US President Donald Trump.
A report from West Texas Intermediate attributes this price slump to consistent 6% reductions observed last week.
JPMorgan Chase & Co has warned that these tariffs could likely push both the US and global economies into a recession this year.
The financial institution explained that the tariffs, set to take effect this week, are expected to have widespread economic repercussions.
Market analysts and the business community have expressed concerns about the negative implications of these measures, predicting a slowdown in economic activities and a subsequent decline in oil demand.
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