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Exchange rate: FG spends N3.8bn on 1,500 scholars studying abroad

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The executive secretary of the Tertiary Education Trust Fund (TETFund), Sonny Echono, an architect, said a total of N3.8 billion had been expended on 1,500 Nigerian scholars abroad under its academic training programme as a bailout fund to cushion the effect of the current exchange rate of the naira.

Echono, who disclosed this during an oversight visit to the Fund by the House of Representatives Committee on Tertiary Education Trust Fund led by the chairman, Princess Miriam Onuoha on Thursday in Abuja, said various amounts of bailout were given based on the circumstance of the scholars.

“We have taken care of 1,500 scholars with a total of N3.8 billion expended. We identify a cut-off point for those who will be eligible for the scholarship,” Echono said.

He said the high exchange rate caused some challenges for TETFund-sponsored scholars as many of them requested extra funding, adding that the issue has also resulted in a drop in the number of beneficiaries of the Fund’s academic training programme in foreign institutions.

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While saying that the remittances process for scholars in the past was not that good, Echono said many of the institutions came back to TETFund expressing concerns over the payment system.

He said the collection from education tax in 2020 was N257 billion, and by 2021, the Fund received a sharp decline in the tax collection of N185.5 billion and rose to N328.8 billion in 2022 and N725 billion in 2023 respectively.

On the issue of attracting foreign grants for cutting-edge research, Echono said that before now, Nigeria was not doing well, adding that through the efforts of TETFund the story has now changed as it moved from the 9th position to the 7th in Africa in terms of countries that attract the highest research grants on the continent.

In her remarks, the chairman of the committee, Rep Miriam Onuoha, said the visit was meant to see how the agency had performed in the 2021-2023 budgets, in line with the budgetary provision and to ensure that allocations are used judiciously.

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She lauded Echono for how he meticulously executed projects and other interventions in line with the mandate of the TETFund.

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Just in: Shettima jets out to attend Senegal’s independence

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Vice President Kashim Shettima has departed Abuja for Dakar, Senegal for official assignment.

The VP is expected to represent President Bola Ahmed Tinubu at the West African nation’s 65th Independence Anniversary celebrations.

Senegal marks its Independence Day on April 4 each year, commemorating its liberation from French colonial rule in 1960.

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The annual celebration is a significant event featuring national parades, cultural displays, and ceremonies highlighting the country’s achievements and unity.

A statement issued on Thursday by Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Stanley Nkwocha, said Shettima’s participation followed an official invitation from Senegalese President, Bassirou Diomaye Faye.

This underscored the strong diplomatic and economic ties between Nigeria and Senegal.

The two nations share longstanding relations, particularly within the Economic Community of West African States (ECOWAS), fostering cooperation on regional security, trade, and development initiatives.

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The event is expected to reaffirm Senegal’s commitment to democratic governance and regional cooperation.

Vice President Shettima is scheduled to return to Nigeria immediately after the one-day celebrations, continuing his engagements in national development and diplomatic outreach.

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Just in: “Ignore rumour mongers, there was no time I collapsed “-Wike asserts

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Federal Capital Territory FCT minister, Nyesom Wike on Thursday dismissed social media reports that he collapsed last week, describing the reports as the handiwork of rumour mongers trying to score cheap political points.

Wike spoke after he inspected four ongoing projects in the territory, including the International Conference Centre ICC.

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CJ transfers Natasha’s case to Justice Nyako

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The Chief Judge of the Federal High Court, Justice John Tsoho, has reassigned the suit filed by Senator Natasha Akpoti-Uduaghan against Senate President Godswill Akpabio and others to Justice Binta Nyako.

The case, which was initially handled by Justice Obiora Egwuatu, will now be heard afresh by Justice Nyako following Egwuatu’s withdrawal from the matter. His decision came after allegations of bias were reportedly raised by Akpabio, the third defendant in the suit.

Justice Egwuatu withdrew from the case on March 25, citing concerns over judicial integrity.

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“Justice is rooted in confidence in the court. Once a litigant expresses his belief that there is bias or likelihood of bias on the part of the judge, it will not be in the interest of justice for the judge to continue,” he stated.

He forwarded the case file to the Chief Judge for reassignment.

Senator Akpoti-Uduaghan, who represents Kogi Central Senatorial District, had filed the lawsuit to halt an investigation into her alleged misconduct by the Senate Committee on Ethics, Privileges, and Public Petitions. She had sought an interim injunction to prevent the committee from proceeding with disciplinary actions against her.

Justice Egwuatu previously issued an order on March 4 declaring Akpoti-Uduaghan’s suspension by the Senate null and void. However, on March 19, he set aside a portion of his ruling after hearing arguments from both sides. The Senate had filed a motion urging the court to vacate the order, arguing that it interfered with its legislative duties and could lead to a constitutional crisis.

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During legal proceedings, the Senate’s lawyer, Chikaosolu Ojukwu, argued that the court’s order restrained the Senate from fulfilling its constitutional responsibilities, while Akpoti-Uduaghan’s counsel, Michael Numa, opposed the motion, describing it as a disregard for the court’s authority. He urged the court to dismiss the Senate’s application and take disciplinary action against the defendants for contempt.

Akpoti-Uduaghan also filed a contempt charge, asserting that her suspension was a deliberate violation of the court’s interim injunction. She maintained that the court’s directive was duly served on the defendants, but they proceeded with actions in defiance of the ruling.

Nigeria’s 1999 Constitution (as amended) grants the National Assembly the authority to manage its internal affairs, including disciplining its members. However, this power is not unlimited. It must be exercised in accordance with constitutional provisions, due process, and the rule of law.

The principle of separation of powers, outlined in Section 4 for the legislature, Section 6 for the judiciary, and Section 5 for the executive, ensures that each arm of government functions independently without interference. However, courts have the authority to review legislative actions if they infringe on fundamental rights or violate existing laws.

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Judicial rulings have established that while legislatures hold disciplinary authority, their actions must align with the principles of natural justice, particularly the right to a fair hearing, as outlined in Section 36 of the Constitution. The outcome of this case could clarify the extent of legislative immunity and determine whether courts can override Senate disciplinary actions when due process is at stake.

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