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Ambode Must Appear Before Us To Present 2019 Budget, Lagos Assembly Orders

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By Lukman Anusa

The Lagos State House of Assembly on today insist  Governor Akinwunmi Ambode  must appear before it to present the 2019 Budget as required by the law.

This followed the information read on the floor of the House by the Clerk, Mr. Azeez Sanni intimating the lawmakers that his office received a message from Ambode dated Monday, 17 December, 2018, but which he received on Friday, 28th December containing the 2019 Budget.

However, the Speaker of the House, Rt. Hon. Mudashiru Obasa, who commended the lawmakers for their reaction to the message, stated that this was not the time for resentment, acrimony and agitation, adding that the stake before the lawmakers was beyond 2019.

“We must do everything to sustain our government, party and the state. You have all shed light on the issue in a matured matter.

“We went on break on 18th December, 2018. The first call I received on the budget was on 24th December that the Governor was willing to present the budget on that day.

“We normally go on break for six weeks, but we went on break for two weeks as we were waiting for the budget. Also, we received the budget on 28th December, when we were waiting for the New Year break. There is no reason to shift the blame on the House that we were not willing to receive the budget,” he said.

Obasa added that the lawmakers were willing to receive the 2019 budget, saying that this was one of the reasons they were elected into office.

The Speaker, however, said that this must be done properly by the Governor in accordance with the Section 121 of the Nigerian Constitution which stated that the budget must be presented to the House before the end of a financial year.

“We are ready to receive the budget if it is done properly. We have no resentment, we have no bad blood. Our stake is beyond 2019. What we have here is not even a letter, it is presentation of budget by the Governor. The executive headed by the Governor must be ready to present the budget and we are ready to receive it,” he said.

In his contribution, Hon. Yinka Ogundimu (Agege 2) said that the letter on 2019 Budget from the Governor got to the House on 17th December, 2018 and was received on Friday 28th, December, 2018.

“We normally close early, but we closed late to receive the budget, it came about three days to the New Year and there was nothing we could have done.

“The House normally have a date with the Governor, when he would present the budget. This is a clear departure from the norm and I think this should be addressed by all,” he said.

Also contributing to the matter, Hon. Olanrewaju Ogunyemi (Ojo 2) stated that he listened to the Clerk of the House about the correspondence from the governor, which he said ought to have been read out.

Ogunyemi said that if it was the actual budget, then they would excuse the Clerk for not reading it.

He emphasized that the budget got to the House three days away from the New Year, which he said was unusual.

According to him, the second reading of the budget could not come until January, 2019, and that the House was alive to its responsibility.

In his comments, Hon. Dayo Saka-Fafunmi (Ifako-Ijaiye 1) said that the observation raised by Hon. Yinka Ogundimu was apt, and that the budget was part of the reasons they were elected into the House.

“The first reading of the budget ought to be done by the Governor, who ought to lay the estimate before us. Since this has not been done, then we must insist on the proper procedure,” he said.

This was corroborated by Hon. Moshood Osun (Lagos Mainland 2), who read Section 121 of the Nigerian Constitution, which addressed the issue of budget presentation to the lawmakers.

Oshun said that it was on record that the House normally passed the budget before the next financial year.

He said: “If the budget was brought on 28th December, there was no way we could work on it. The leadership of the House should take it up,” he said.

The Majority Leader of the House, Hon. Sanai Agunbiade, who said that the budget issue was in public domain, revealed that he received several calls on the issue, but that he did not make any comment because he wanted to get proper information from the House on it.

“It is clear that we were ready to work on the budget before the Christmas break, but we could not work on it because we did not get it in time. We all know that there were always bilateral meetings between the executive and the legislature before the budget is presented to the House.

“The constitution states that the Governor should lay the budget before the House. May be the correspondence before the Clerk is about the presentation of the budget. So, what is before the House is a document that ought to be laid before the House and the committees of the House would sit on it.

“The report could not be considered by the committees if it is not laid. “Members of the public may not know the procedure of the budget. “Section 121 of the Nigerian Constitution states that the budget must be laid before the House before the end of a financial year.

“We should handle it in our usual family way and ensure that the executive does the normal thing as we are ready to do our work,” he said.

The House then adjourned sitting to Tuesday 15 January, 2019.

 

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

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Access Bank Appoints Uche Orji as Independent Non-Executive Director

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).

This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.

Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.

He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.

Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.

He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.

Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:

“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.

We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.

His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.

On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

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Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.

The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.

Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.

Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.

According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.

Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.

Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.

She further encouraged them to apply for the loans initiated by the government as done by students in other countries.

The Speaker requested the students to formally send their complaints in written forms to the House for action.

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EFCC Tasks Corps Members on Corruption

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

EFCC Tasks Corps Members on Corruption

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.

He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.

Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”

The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.

Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”

While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”

“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.

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