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FCC commissioner rebuffs Chairman’s letter for not appearing before Reps probe panel



House of Reps

Mr Moses Anaughe, Federal Commissioner, Federal Character Commission (FCC), representing Delta has countered its chairman, Mrs Farida Dankaka’s letter, stating why she could not appear before the House of Representatives probe panel on employment racketeering.

Dankaka in a letter she wrote to the ad hoc committee investigating Federal Ministries, Department and Agencies (MDAs), and Tertiary Institutions on the mismanagement of personnel recruitment in Abuja claimed she was scheduled to see her Doctor.

The ad hoc Committee is also investigating employment racketeering and gross mismanagement of IPPIS.
The letter was read by the Commissioner, representing, Taraba, stating that she had a medical appointment with her Doctor.

But in a swift reaction to the letter, Anaughe said the Chairman, was in the office as at the time of reading the letter of her purported ill-health.
“Distinguished honourable members, I want to inform this House that the FCC Chairman as we speak is in her office, this has been her usual way of dodging committee invitation.

” I just want you people to know, as we speak right now if you send somebody there now may be they will call her or send her a message she will run.

“This has been her usual practice because if FCC has done very well this issue of inviting other commission and agency will not arise because the bulk of this investigation lie on FCC, I just want this committee to know.

“And if I may request, she is in her office as we speak, she knows the duration of this committee that is why she is asking for a one week extension, I just want this honourable house to get this information.

“And I want to stress that this is the usual character of Dankaka, the chairman, FCC of abstaining from every committee that invited her.

“If she wants to collect 10 per cent of employment from any chief executive officer of MDAs, she will insist that the such chief executive must meet such person one on one, so why is she not here,” he queried.

He pleaded with the committee to ensure that Dankaka appeared before the it to explain her stewardship for three years she had been in the saddled.

Angered by the information, the chairman of the Committee, Rep Yusuf Gagdi dared the FCC Chairman to test the will of the committee, adding that the aftermath of her refusal to appear before the committee would not be pleasant.

He ordered Dankaka to appear before the committee with the entire commissioners by 12 p. m on July 26, describing the commissioners as liars.

Not satisfied with the name calling, Mr Tonye Okio, FCC, commissioner, representing Bayelsa said, “I take exceptions to you calling us liars.

There is a document from our chairman and she signed stating that she had an appointment with her Doctor today.
The committee however recommended that the Department of State Security should provide every investigation linked to the chairman of FCC
The committee also resolved that the president should saction any heads of MDAs that are taking tax payers money for granted.

Reacting to the development Anaughe said, ” As soon as I made that information, somebody among us called her, she left the office immediately and what I am saying now, MTN can proof that where she was when I made the statement.
“I want to tell this committee that all commisonera in FCC are in Abuja and we are ready to come before this committee tomorrow, ” he said.

Anaughe’s disclosure is against the backdrop of information provided by one of the commissioner supporting the chairman that some commisonera were outside Abuja.

Mr AbdulRasaq Abioye, FCC, Commissioner, representing Osun however said as at 12 p.m when he left the office, the chairman was still at the office.
Gagdi however sad that no matter where any commisonera were, they must be present by 11 a. m at the investigative hearing including the chairman of FCC.


Hardship: Protesters Defy Police Warning, Hit Lagos Streets



Residents have hit the streets of Lagos State to protest against the increasing spike in the price of food and the high cost of living in the country.

The protest was facilitated by a human rights group identified as the “Take It Back Movement.”

This comes against the warning issued by the Lagos State Commissioner of Police, Adegoke Fayoade, on Sunday.

The protesters were seen carrying placards of various inscriptions at Ojuelegba Under Bridge area of the state to express their grievances.

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CBN Lifts Ban On BDCs, Introduces New Operational Mechanism



In a major development aimed at financial stability and strengthening the naira, the Central Bank of Nigeria (CBN) plans to resume its weekly intervention in the country’s foreign exchange (FX) market through the Bureau de Change (BDC) operators.

In 2021, the central bank, in a bid to achieve its mandate of safeguarding the value of the local currency, ensuring financial system stability, and shoring up external reserves, announced the immediate discontinuance of foreign currency sales to Bureau de Change (BDC) operators in the country.

However, the resumed intervention, which would reportedly commence today for funding as well as Tuesday for collection, will see the apex bank inject FX into the subsector in a bid to rescue the naira from further depreciation against major currencies, particularly the US Dollar. The collection will be at designated CBN branches in Lagos, Abuja, Kano, and Awka, while details of the naira accounts to be credited for funding bidding will also be made available today.

CBN is also expected to publish the list of eligible BDCs to benefit from its funding using certain compliance criteria.National Executive Council of Association of Bureau De Change Operators of Nigeria (ABCON) hinted on the latest developments through a memo to its members over the weekend.

The association also warned members that it will no longer be business as usual under the new supervisory regime of the central bank, as any infringement or infraction would result in outright revocation of license and prosecution.

ABCON said through the association’s various engagements with the central bank, in conjunction with ABCON’s strategic partners, CBN had agreed to its request, under the bank’s supervision, to inject liquidity into the market through a weekly intervention beginning today.

CBN assured ABCON that the new circular on the Revised Regulatory and Supervisory Guidelines to BDCs, which was introduced over the weekend, was only a draft exposure that required the association’s inputs before the release of the final guidelines by the apex bank.

To that effect, the letters of the guidelines were not cast in stone, the association’s leadership told its members, who had been worried over the sweeping reforms in the document, which, among other things, prescribed N2 billion and N500 million minimum capital for national and state BDCs, respectively.

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