News

Reps Committee Theatens To Arrest Management Of Dangote Cement

Published

4 months ago

July 10, 2024

By Gloria Ikibah

The House of Representatives Joint Committee on the Arbitrary Increase in the Price of Cement has threatened to arrest the management of Dangote Cement if it fails to appear at its next hearing.

Naijablitznews.com reports that the management of Dangote Cement has refused to honour the Committee’s invitation to address the problem of cement increase in the country.

The officials claim that there’s a suit restraining Dangote from appearing before the committee, instead they sent the Head od National Assembly Desk Dangote to represent them.

But the chairman of the Joint Committee, Rep. Jonathan Gbefwi said: “We have written four letters, 3 to Dangote and Dangote has vehemently refused to honour the invitation of the House claiming that there is a substantiative suit against another committee, not this committee Challenging their right to appear before the parliament which is their parliament. We did not stop here, we equally sought legal counsel from the national assembly and other independent legal bodies who have expressly said that the position here by Dangote and other members of cement association is foul of the law.

“We ask, was there a substantiative court order restraining the House from inviting you? No! None of such an order was produced to the House. Are you saying that the House that created you because you are a creation of the corporate affairs commission which is the law created by the House and further more the elected representatives that was voted by you cannot equally invite you.

“You say the case is before the court. Which case? The case against the joint committee or is it a case against a separate committee, where there is no ruling that you should not appear before the national assembly. Considering the fact that this country was built on separation of powers where you have the executive, legislative and judiciary”.

The special panel while advocating for the downward review of cement prices, expressed worry over the increase in cement prices and the untold hardships it has brought upon many Nigerians.

“Dangote you have in one stroke implicated yourself because it is not for you to choose what you will come for or what you will not come for. This is the House of the people, you are obligated, it is not by choice when you are invited by this House you are obligated and it is mandatory that you cause appearance.

“It is unfortunate and I find it rather insensitive on the part of Dangote that in my opinion has been forenutured by the Nigerian people. I am very aware of tax incentives, tax breaks, tax holiday you enjoy even.under the pioneer status, oil pioneer status is supposed to on product, you enjoy pioneer status on line on project not product as against the intent of pioneer status.

“You have enjoyed Nigeria but at such a time when Nigerians are groaning under such hardship, you show a high level of insensitivity and you are sending this kind of document. What do we want to achieve by this, let Nigerians hear the true position. When you are in a debate and the debate is open, Nigerians are watching, but you have chosen fir whatever reasons or whatever intent to want to avoid coming to the House.

“The Federal competition and consumer protection commission invitation you are talking about was held after we had invited you after we invited consumer protection here, and we queried them that in our opinion they have slept on their responsibility. That’s when they woke up and invited you, and you thought it wise to attend their own invitation, attend the invitation of Public Accounts attend invitation from oil industries but you will not attend to a critical matter that goes to the nerves and the pain of the average Nigerian”, the committee chairman asserted.

The committee directed the Cement Manufacturers Association of Nigeria and the Central Bank of Nigeria to cause appearances before the committee in the next two weeks, to deliberate on measures necessary to address the situation for the benefits of the people.

“They want to over profit without any sense of empathy for the citizens that have given it this platform. I think it calls for a rethink of the position of the government.

“On Dangote my ruling is simple. The laws have given us the necessary powers but we owe you a duty of care. We are going to give you one more chance. We are going to communicate a date.

“Failure to comply with that date, a subpoena will be issued, a warrant of arrest will be given for you to cause appearance before the National Assembly, no single individual is bigger than the parliament of his country. No single Nigerian is bigger than the National Assembly,” Jonathan said.

News

Core Public Servants hail Tinubu for appointing thoroughbred Procurement officer, Adedokun as BPP DG

Published

2 hours ago

November 15, 2024

Austin Ojomah

A group under the aegis of Core Public Servants, CPS hail President Bola Tinubu for appointing Dr Adebowale Adedokun, a thoroughbred Procurement officer as the Director General of Bureau of Public Procurement, BPP.

CPS in a congratulatory letter signed by Kudirat Akindero to Adedokun lauded President Tinubu for following due process and picking the most qualified to run the affairs of the soecialised agency.

In the letter, the ADSC said:

“Congratulations to Dr. Adebowale Adedokun, PhD (MCIPS, CMILT), on his appointment as the Director-General/Chief Executive Officer of the Bureau of Public Procurement (BPP).

“This significant achievement reflects his extensive expertise and unwavering dedication to advancing public procurement in Nigeria.

“With over 20 years of robust experience in public service, Dr. Adedokun has made substantial contributions to procurement reform.

“His distinguished academic background includes a doctorate in Procurement and Supply Chain Management, complemented by four master’s degrees in Procurement, Finance, Technology, and Transportation Management.

” This diverse educational foundation equips him with a comprehensive understanding of the complexities inherent in procurement processes.

“In his career, Dr. Adedokun has held pivotal roles, including serving as a National Consultant for the United Nations Development Programme (UNDP) on public procurement reforms.

“He represents Nigeria in the International Research Study on Public Procurement (IRSPP) and serves as a World Bank Resource Person on Sustainable Procurement. His commitment to capacity building is evident in his training of over 4,000 federal and state government procurement professionals nationwide.

” Additionally, he has been instrumental as the focal point officer for the UN Women Project aimed at empowering women in procurement in Nigeria and as the Project Coordinator/Procurement Node for the SPESSE – World Bank Project.

“Dr. Adedokun’s professional affiliations are extensive, including membership in the Chartered Institute of Procurement & Supply (CIPS), UK; Chartered Membership in the Chartered Institute of Logistics & Transport (CILT); Fellowship in the Institute of Strategic Management Nigeria (ISMN); Fellowship in the Institute of Management Consultants (ICMC), Nigeria; membership in the Nigerian Institute of Chartered Arbitrators (ACArb); Fellowship in the Nigeria Institute of Training & Development (NITAD); membership in the Nigeria Institute of Management (NIM); and membership in the Association of Certified Fraud Examiners (ACFE).

In recognition of his consistent contributions to reform, Dr. Adedokun was honored with a Certificate of Special Recognition by USAID’s Nigerian Reforms Project in July 2009.

As he assumes the role of Director-General of the BPP, Dr. Adedokun’s extensive knowledge and experience are anticipated to significantly contribute to the agency’s strategic repositioning.

” His leadership is expected to advance efficiency, transparency, and accountability within Nigeria’s public procurement system.

Once again, congratulations to Dr. Adebowale Adedokun on this well-deserved appointment.

News

Brain Drain, Infrastructure, Resource Allocation Challenges Of Health Sector – Reps

Published

2 hours ago

November 15, 2024

Gloria Ikibah

By Gloria Ikibah

The House of Representatives has highlighted the detrimental impact of the mass migration of health workers from Nigeria, describing it as a major challenge to the country’s healthcare system.

The Chairman, House Committee on Health Institutions, Rep. Amos Magaji, stated this during a public hearing on 16 bills aimed at establishing various health institutions, on Thursday in Abuja.

Rep. Magaji underscored the need for better distribution of healthcare facilities, particularly in rural areas, to address population growth and healthcare gaps.

He noted, “Recently, there has been an enormous migration of doctors, nurses, and other health workers in search of ‘greener pastures,’ leaving Nigeria’s health sector severely understaffed. To improve the sector, we must invest in human resources, medical intelligence, and the administrative appointment of capable persons based on merit.”

The Chairman also brought to light the infrastructural deficiencies in healthcare institutions across the country, citing inadequate funding, lack of maintenance, and insufficient equipment as recurring issues.

The Minister of Health, Prof. Mohammed Ali Pate, represented by Dr. Jimoh Olawale Salahudeen, in his submission warned against the duplication of health institutions, and stated that such efforts would strain the already scarce resources.

He explained, “Existing Federal Teaching Hospitals and Medical Centers in Nigeria, including those in the North West, already provide cardiovascular care and related services. Establishing a new institute would add financial burden without addressing the core issues.”

Pate also acknowledged the migration of health workers and the need for a stronger workforce to handle emerging health challenges.

“The Federal Ministry of Health supports the establishment of new institutions but insists on considering geographical spread, population density, and disease burden in proposed locations,” he added.

The hearing emphasised the need for balanced development in the healthcare sector, adequate funding for existing institutions, and policies to retain health professionals in Nigeria.

News

Access Bank (UK) Limited to Acquire AfrAsia Bank Limited

Published

2 hours ago

November 14, 2024

Gloria Ikibah

By Gloria Ikibah

Access Holdings PLC has announced that its subsidiary, The Access Bank UK Limited (“Access UK”), has signed a binding agreement to acquire a majority stake in AfrAsia Bank Limited, the third-largest bank in Mauritius by total assets.

Mauritius, known for its strong financial sector, which contributes 13.4 per cent to its GDP, offers Access UK a strategic base to grow its personal and corporate banking services.

This was contained in a statement by its Company Secretary, Sunday Ekwochi, made available to Naijablitznews.com on Thursday.

According to Ekwochi, the acquisition will also position Mauritius as a hub for Access Bank’s trade finance operations, enhancing its ability to manage cross-border transactions across Africa and internationally.

AfrAsia Bank, as of June 30, 2024, reported total assets of over $5.7 billion and a net profit after tax of $152.4 million, underlining its solid financial position.

**Key statements on the acquisition:**

– Managing Director/CEO of Access Bank Plc, Roosevelt Ogbonna, speaking on the acquisition said: “This acquisition is a crucial step in our African growth strategy, strengthening our position as a top Pan-African financial institution. Mauritius’ role as a financial hub aligns with our vision to unlock opportunities that drive trade, support businesses, and promote economic inclusion across the region.”

Also Managing Director of Access Bank UK, Jamie Simmonds, stated: “AfrAsia Bank’s strong balance sheet and established brand in Mauritius give us a solid platform for sustainable growth. This deal supports our strategy to diversify earnings and provide clients with seamless access to global markets.”

Access Bank UK aims to promote sustainable growth, deliver innovative financial solutions, and support trade between Africa and the world.

The acquisition process will be finalized in the coming months, with updates provided as needed.