- Charge AGF to gazette int’l treaties entered by Nigeria
House of Representatives, yesterday said it will probe the various intervention funds by the Central Bank of Nigeria, CBN and the Universal Basic Education Commission, UBEC, for the inability of some state governments to access the project funds across the country.
The resolution followed the adoption of two separate motions titled: “The Need to Investigate the Various Intervention Funds by the Central Bank of Nigeria” and “Urgent Need to urge States Defaulting in UBEC Funds to Step Up”, moved by Hon. Ayodele Oladimeji (Ekiti, PDP) and Hon. Aishatu Dukku (Gombe, APC), respectively on the floor of the House.
In his lead debate, Oladimeji wondered why the CBN should continue to sponsor various intervention projects running into trillions of Naira.
He argued that the CBN, which has as primary role the regulation of other financial institutions, had regrettably taken over the role of the commercial banks.
The lawmaker expressed concerns that the impact of over $2.5 trillion spent by the apex bank as intervention funds in many sectors of the economy were not felt by the citizens.
He therefore urged the House to order comprehensive investigation into the matter with a view to unravelling what these intervention funds were used for.
Speaking in favour of the motion, Hon. Abubarkar Amuda-Kannike said it was very important for the House to look into what transpired at the level of the CBN intervention funds, adding that the public was concerned that those intended to benefit from the intervention funds were usually left out.
Similarly, the House also adopted a motion urging states defaulting on UBEC funds to step up action with a view to accessing it.
The resolution was taken after the motion, which was sponsored by Hon. Aishatu Dukku on the floor of the House was adopted.
Leading the debate, Dukku noted that many states of the federation, including Abia, Enugu, Ekiti, Ondo, and Nasarawa could not access their UBEC funds due to the requirement of a 50% counterpart funding by the states.
Dukku further highlighted the mandates of UBEC Act, which provides that the 2% of the Consolidated Revenue Fund, CRF of the Federal Government should go into the Universal Basic Education Fund, UBEC.
She therefore expressed worry that not less than N3 billion state funds were lying idle at UBEC due to inability of many state governments to access such funds.
After thorough deliberation, the matter was referred to the Committee on Banking and Currency for further legislative action.
Gazette, submit all treaties to NASS, Reps urge AGF
Meanwhile, the House has called on the Attorney-General of the Federation, AGF to gazette all international treaties Nigeria has entered into and transmit same to Mr. President for onward transmission to the National Assembly.
The resolution followed a motion titled: “Call on the Attorney-General of the Federation to forward all Existing Treaties yet to be Domesticated to the House”, sponsored by Hon. Yakub Balogun.
In his lead debate, Balogun noted that such treaties cannot have the force of law unless they were laid before the National Assembly for domestication.
He said the country had not being able to harness the benefits of the treaties because it had not been laid before the National Assembly for domestication.
Speaking in favour of the motion, Nnenna Ukeje pointed out that the Ministry of Justice ought to be aware of such domestication, adding that, “The ministry should do their work by forwarding all treaties Nigeria entered into”.
In his contribution, Hon. Gabriel Onyewife said no matter how good the treaties were, once they are not domesticated at the National Assembly, they cannot be fully accepted.
The lawmakers therefore called for compliance of Section 12(1) of the constitution, which stipulates that all treaties must be in conformity with the National Assembly.
Nigerian Pilot recalls that Nigeria has in the recent past entered into many treaties, multilateral and bilateral agreements, aimed at enhancing the socio-economic development of the country without forwarding same to the National Assembly.