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What has become of Nigeria’s recovered loots? Lawmakers investigate

Members of Nigeria’s lower legislative house may have began an inquest into how huge sums of money stolen from Nigeria but recovered and returned to the country is being managed

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Members of Nigeria’s lower legislative house may have began an inquest into how huge sums of money stolen from Nigeria but recovered and returned to the country is being managed. Speaker of the House of Representatives, Hon. Yakubu Dogara, gave an indication in this development recently.

Speaking at a public hearing by the House Joint Committee on Public Accounts and Finance on the need to ascertain the status of recovered Public funds and assets from 1999 to date, Dogara informed that lawmakers were bent on investigating the confusion that has trailed the exercise.

“It is common knowledge that there are a lot of conflicting reports and claims from various agencies of government concerning the status of the funds and assets recovered from some citizens and corporate entities by law enforcement agencies. As a Parliament, we cannot fold our arms and allow the confusion trailing the whereabouts of the recovered funds and assets to continue.

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This is why the House of Representatives resolved to mandate this Joint Committee to investigate the issue in the interest of accountability and transparency.”

He added, “We believe that as a Parliament, we owe the people of Nigeria the duty to ascertain the resources available to government and how they are being appropriated in their interest. This is in line with the exercise of our Constitutional powers in Sections 88 and 89 of the Nigerian Constitution, 1999 as amended.”

The total value of recovered funds and assets is estimated at $2trillion and the House has also mandated its Committee on Financial Crimes to investigate whether any crimes have been committed in the course of the management and disbursement of funds recovered by the Federal Government in the last 12 years.

Politics

Ghana’s Supreme Court reinstates ruling party’s majority

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The ruling New Patriotic Party regained its majority in the legislature ahead of the Dec. 7 election after Ghana’s Supreme Court declared on Tuesday that the speaker of parliament’s declaration of four seats as vacant was illegal.

 

Alexander Afenyo-Markin, the leader of the NPP caucus, petitioned the supreme court of the West African nation to reverse Speaker Alban Bagbin’s decision.

 

Bagbin had said that one member of the National Democratic Congress and two members of the NPP had resigned their seats when they registered to run as independents.

 

Another lawmaker with an NPP leaning filed as an NPP candidate to run for office.

 

Due to Bagbin’s decision, the NDC now holds 136 members in parliament, compared to the 135 held by the NPP, the party of outgoing President Nana Akufo-Addo.

 

The approval of Supreme Court nominees, loans, and bill enactments, as well as the presentation of a provisional budget for the first quarter of 2025, were all delayed by the indefinite postponement of two further parliamentary sessions.

 

In a televised decision, Chief Justice Gertrude Torkornoo declared that Afenyo-Markin’s appeal was successful by a majority vote of 5:2. She noted that the court will later submit the rationale for its ruling.

 

According to Afenyo-Markin, the decision permitted the parliament to return to its regular activities. Among other things, it is anticipated to approve a $250 million World Bank loan intended to support the financial industry and give corporations tax breaks.

 

 

A request for comment from Bagbin’s representative was not answered.

 

Although some observers predict a hotly contested election, opinion surveys suggest that primary opposition leader John Dramani Mahama will likely defeat NPP contender and incumbent Vice President Muhamudu Bawumia in next month’s election.

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Politics

Senegal: PM Sonko urges followers to avenge campaign violence

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Senegal’s Prime Minister, Ousmane Sonko, has advised Pastef party followers to exact retribution for claimed violence against them during the Sunday parliamentary election campaign.

 

Before a presidential election in March in some of the greatest disturbances in Senegal’s history, supporters of the prime minister, also president of Pastef, battled with police. Since Sonko’s ally, President Bassirou Diomaye Faye, won the vote, the nation has remained peaceful. He defeated then-president Macky Sall handily.

 

 

However, reports of periodic conflicts between various party supporters have surfaced recently as the nation gets ready for a legislative contest that will finally determine how much Faye and Sonko will be able to carry out their agenda.

 

Sonko claimed in a social media post attacks against Pastef supporters in the capital Dakar and other towns since campaigning began.

 

 

“May each patriot they have attacked and injured, be proportionally avenged. We will exercise our legitimate right to respond,” he wrote.

The text accompanied a photo of a young man showing a gashing wound on his forearm.

 

The first week of campaigning saw an increase in violence reported by a local civil society group involving conflicts between supporters in central Senegal and the burning of an opposition party headquarters in Dakar.

 

Calling for calm, the interior ministry said on Monday it had been notified of acts of violence and sabotage against party caravans and other campaign activity.

 

In order to stop damage, rights defender Alioune Tine asked politicians to exhibit “moderation and wisdom” in their speech and requested the interior ministry to invite various party representatives to meet.

 

 

“The verbal escalation has reached a critical threshold, we have the impression of going to war,” Tine posted on X.

 

 

Pastef is up against former ruling parties that have united ex-presidents Sall and Abdoulaye Wade into a coalition.

 

Dissolving the opposition-led national assembly in September, Faye accused legislators of not participating in substantive budget and other proposal debates.

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