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AGF Confirms Recovery Of $110m Worth Assets

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By Gloria Ikibah
The Minister of Justice and Attorney General of the Federation (AGF), Prince Lateef Fagbemi has confirmed the recovery and return of over $110 million assets from various countries.
The AGF disclosed this when he appeared before the House of Representatives’ Committee on Justice for the 2024 budget defence and 2025 budget proposal on Tuesday in Abuja.
However he was unable to give breakdown of the fund returned including the $52.88 million recovered assets linked to former Minister of Petroleum Resources, Diezani Alison-Madueke, by the United States government.
Fagbemi who explained that the Ministry has developed a template for most of the agreements and sharing with some of the State Governments in order to help them to review contracts, said that is where most of the damages and risks are.
While speaking on the judgement obtained against government, he recalled that the “popular case of P&ID, there were so many issues involved including engaging lawyers that are not up to the task. Some of these commercial transactions are not given to friends or lawyers merely because they are friends. They must be people who have capacities in terms of training, in terms of experience and we have learnt our lessons in this regard.
“So, we are trying our best to ensure that those we engage are those with certified  advisory given to us during the P&ID case. That whatever you want to give cases out, you don’t do it out of patronage, we look at the competence of the counsel involved.
“For instance, the mere fact that you’re a constitutional lawyer in Nigeria does not make you a good commercial lawyer or an arbitrator offshore or even here, so this one we have taken care of.”
The AGF further stated that State Governments are at liberty to engage in foreign transactions, but noted that the sub-national governments are not recognized in case there are arbitration, stressing that it is the national government that takes such responsibilities.
According to him, back home, the Federal Government can subnational governments “to pay or indemnify the national government or if they don’t indemnify, there is an implied condition that you ask them to pay or you probably deduct it from what is due to them when you’re doing the usual FAAC allocation.”
In the bid to avert future occurrences, he assured that measures are being put in place to ensure that agreements are properly signed, adding that there are instances where the Ministry has declined from approving many agreements between foreign agencies
In his address, the Chairman of the Committee, Rep. Olumide Osoba,  commended the Ministry for the landmark achievements recorded so far.
He said: “In the past year, Nigeria has witnessed significant judicial decisions that reinforce the principles of justice and governance: Supreme Court ruling on Local Government Autonomy: On July 11, 2024, the Supreme Court delivered a landmark judgment affirming the financial and administrative autonomy of local governments.
“This ruling declared it unconstitutional for state governors to withhold funds allocated to local governments or to dissolve local government councils arbitrarily, It recognized Local Governments as the third tier of Nigeria’s governance structure, thereby strengthening grassroots democracy and enhancing service delivery at the local level.
“P&ID Case Success: Nigeria achieved a significant legal victory in the case against Process and Industrial Developments (P&ID). The court quashed the previous judgment that had imposed a substantial financial liability on the country, thereby safeguarding our national assets and preserving economic stability.
“These judicial outcomes exemplify the robustness of our legal system and underscore the importance of unWavering commitment to justice and the rule of law”.
Speaking during the review of the 2024 budget defence, Rep. Osoba queried the Ministry for failure to provide details on the utilisation of N4.7 billion reportedly spent on legal services.
He explained that the Ministry is working to ensure that any entity working with Nigeria comply with the laws of Nigeria.
“There’s one critical area where we also as much as possible stand our foot, that is in the area of arbitration especially the laws that govern administration and the seat that govern arbitration.
“You know it is sad to experience a situation or situations in which people come here to take our money and still want the seat of arbitration outside Nigeria and the relevant laws that govern their transactions to be laws in England. So, they have to choose to do business with us, take our money and also comply with our own laws here.
“And so, we have arbitration and prosecution Act which was passed into law in 2023. This has significantly impacted on our fortunes in this regard”, he stated.
The lawmakers also accused the Ministry of usurping the powers of the Parliament for re-appropriating the approved funds for 2024 fiscal year for other purposes not approved by the Parliament without due process

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Verbatim Magazine Honours Prof Nnamchi For Legislative Excellence, Quality Leadership

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Hon. Professor Paul Sunday Nnamchi, was among the twenty eminent Nigerians including seating governors of four states who were honoured by the Verbatim Magazine at the Late General Yaradua Centre recently.

He was recognized by the investigative journal for excellence and quality leadership in legislative performance for year 2024 based on his contributions in the plenary of the House of Representatives, the number of Bills and motions he has sponsored so far.

Professor Nnamchi was last year rated the most performing legislator from the southeast by the authoritative organ of the National Assembly, “The Order Paper” which evaluates the work rates of the legislators annually.

As at the end of March, 2025, the lawmaker who represents Enugu East/Isi Uzo Federal Constituency in the 10th House of Representatives has sponsored thirty-six Bills and over twenty impactful motions in the House. Over twenty of the Bills have passed second reading.

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Speaking at the well attended Verbatim 13Th Anniversary Lecture delivered by the Executive Governor of Nasarawa State, Engineer Abdullahi Sule, the magazine Editor, Mr Tobs Agbaegbu, affirmed that the awardees were carefully selected through in-depth evaluation and investigation by its team of editors.

He stressed that the magazine has established itself as a leader in investigative journalism and as such would not be associated with questionable awards that lack merits.

The award recipients cut across private and public sectors’ practitioners, governors, legislators, military officers and journalists all of whom had distinguished themselves in leadership as Trail Blazers in their chosen careers.

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Just in: Presidency Insists INEC Chairman, Yakubu Not Sacked

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By Kayode Sanni-Arewa

The presidency has debunked reports that the INEC Chairman, Mahmood Yakubu has been replaced, describing it as ‘fake news.’

“Disregard any fake news making the rounds about the replacement of the INEC Chairman.

“Any such announcement will come from the SGF’s office or the any other official source.” – O’tega Ogra, Senior Special Adviser to President Bola Ahmed Tinubu on Digital Media and New Media.

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Just in: Saudi Arabia Suspends Visa Issuance to Nigeria, 13 Other Countries

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By Kayode Sanni-Arewa

Umrah, business, and family visit visas for citizens of 14 countries, including Nigeria, Egypt, and India, as part of preparations for the upcoming Hajj season.

Officials speaking to ARY News said, “The suspension of Umrah, business, and family visit visas is aimed at preventing unregistered individuals from attempting to perform the pilgrimage.”

The move comes amid concerns over the rising number of pilgrims attempting to join Hajj without official permits. In recent years, many visitors have overstayed their visas, contributing to overcrowding and serious safety risks.

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Authorities also expressed concern over the misuse of business or family visit visas by individuals who enter the Kingdom and work illegally, a violation that “disrupts the labour market and breaches visa conditions.”

The Saudi foreign ministry stated that the new measures were implemented “to streamline travel procedures and enhance safety during Hajj.

It added, “Individuals found to be staying in the Kingdom illegally may face a five-year entry ban.”

The countries affected by the ban are India, Pakistan, Bangladesh, Egypt, Indonesia, Iraq, Nigeria, Jordan, Algeria, Sudan, Ethiopia, Tunisia, Yemen, and Morocco.

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