Headline

FG Will Not Name, Shame Terrorism Financiers – AGF, Lateef Fagbemi

Published

1 week ago

November 19, 2023

Flags Off Release Of 4,068 Prisoners
The Federal Government has said it will not name and shame identified financiers of terrorism in the country.

The Attorney General and Minister of Justice, Mr. Lateef Fagbemi (SAN), who disclosed this yesterday in an interview on the sidelines of the 27th Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) Ministerial Committee Meeting in Abuja, had earlier stated that the Federal Government has identified terrorism financiers in the country.

This was even as the government has flagged off the release of 4,068 prisoners in various correctional centres across the country. Fagbemi said the government would not go into name and shame because it may jeopardise further investigation or apprehension of other people involved.

Earlier in his speech, Fagbemi, while commending the good work GIABA is doing in the effort to combat money laundering and terrorist financing in West Africa, noted that it is incumbent on member states to provide all the support that is necessary for the group to conduct its work in a more effective and efficient manner.

“As a capable and technically confident organisation, GIABA can and should put before the rest of the global Anti-Money Laundering and Terrorism financing (AML/CFT) network, the aspirations and peculiarities of our region.

“I also believe we need to take some time for introspection and an assessment of where we have fallen short. In particular, looking at the effectiveness of our AML/CFT/CPF frameworks, it is clear that across the region there is significant room for improvement,” Fagbemi said.

He called on all the member states to recommit themselves to becoming champions for truly effective national AML/CFT/CPF systems; “to become leaders who push our national institutions to perform to the highest of their capabilities; to recognise that the FATF Standards are not punitive measures but tools to help us assure the safety, security and prosperity of our countries, our region, our continent and indeed the global community.”

The Minister of Interior, Mr. Tunji Ojo, who disclosed the release of the inmates in an interview, said the inmates are the non-violent offenders and those that are remanded in prison because they are unable to pay some fines. He said he had earlier promised to raise N585 million through CSR from corporate bodies to help clear the fines.

“We have been able to raise the money and we have been able to offset those fines. That is to show you that when we give our word, we want to keep it,” he said. The minister noted that the correctional centre is transformatory.

“It is a place that is meant to ensure that the fundamental rights of the inmates are protected and that they are rehabilitated to be reintegrated into the society. The target of the judicial system is not just to punish people but also to remodel and rehabilitate them so as to reintegrate them,” Ojo said.

The Director General of GIABA, Mr. Edwin Harris, commended the member states for their commitment to the fight against money laundering and terrorist financing in West Africa.

He, however, said there was a need to improve the effectiveness of their strategies. The low level of effectiveness is a major challenge in our fight against transnational crimes. This is a call to action by all and the need to defer same could be cataclysmic in implementing sound measures that deter and prevent unlawful activities,” Harris said.

Related Topics:Bandit Lateef Fagbemi terrorists

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No Student Will Drop Out While I Am President – Tinubu

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Fuel Price May Fall As Petrol Vessels Berth At Port

Headline

President Tinubu Seeks Senate Approval For Fresh $8.6billion, €100million Loans

Published

53 mins ago

November 28, 2023

Olakunle Adeniyi

The president made the request through a letter to the Senate, read during the plenary by the Senate President, GodsWill Akpabio, on Tuesday, noting that the fund was to execute critical projects in different sectors.

The President Bola Tinubu-led administration has sought the approval of the Nigerian Senate for $8.6billion and €100million borrowing plan.

The request was said to be part of the federal government 2022-2024 external borrowing plan approved by former President Muhammadu Buhari’s administration, according to the letter.

Tinubu explained that the projects to be funded with the loan cuts across different sectors of the economy, and were selected based on economic evaluation and the expected contribution to the country’s development.

The letter reads in part;, “I write in respect of the above subject and to submit the attached the federal government 2022-2024 external borrowing plan for consideration and early approval of the National Assembly to ensure prompt implementation of the projects.

“The Senate may wish to note that the past administration approved a 2022-2024 borrowing plan by the federal executive council (FEC) held on May 15, 2023.

“The project cuts across all sectors, with specific emphasis on infrastructure, agriculture, health, water supply, roads, security, and employment generation as well as financial management reforms.

“Consequently, the required approval is in the sum of $8,699,168,559 and €100 million.

“I would like to underscore the fact that the projects and programmes in the borrowing plan were selected based on economic evaluations as well as the expected contribution to the social economic development of the country, including employment generation, and skills acquisition.

“Given the nature of these facilities, and the need to return the country to normalcy it has become necessary for the Senate to consider and approve the 2022- 2024 external abridged borrowing plan to enable the government deliver its responsibility to Nigerians.”

In August, the National Assembly approved President Tinubu’s request for over $800 million loan to finance the National Social Safety Network Programme.

The National Assembly had also approved the 2022 Supplementary Appropriations Act of N819 million “for the provision of Palliatives to Nigerians to cushion the effect of fuel subsidy removal”.

Headline

Tinubu Should Review RECs Appointment – Ex-INEC Chairman, Jega

Published

11 hours ago

November 28, 2023

Ifunaya Emeka

A former Chairman of the Independent National Electoral Commission (INEC), Attahiru Jega, has called on President Bola Tinubu to review the appointments of the commission’s Resident Electoral Commissioners (RECs).

Jega said Tinubu should review their appointments due to concerns that some of the RECs are partisan.

About a month ago, Tinubu had nominated 10 RECs, with the Senate confirming their appointments.

However, some of the RECs have been accused of being involved in partisan politics.

Reacting to the criticisms, Jega said the non-review of their appointment sends the wrong signal.

Featuring on Channels Television’s Politics Today on Monday, Jega said: “I think there is no doubt that if the President were listening, my advice would be to immediately review the appointment of the Resident Electoral Commissioners that was passed by the Senate recently.

“It’s very, very important because clearly, not only does it send a wrong signal about the government’s intention to improve the integrity of elections, it also suggests, you know, that there is indifference with regards to protecting the independence and impartiality of the election management body.

“I would want to believe that Mr President was either misinformed or is not really furnished with all the necessary details with regards to these appointments.”