Accountability
Crypto industry was ‘judge, jury and executioner’ for FTX: Pompliano
Prolific podcaster and cryptocurrency investor Anthony Pompliano has not lost faith in people or the crypto industry despite the disappointing conduct of former FTX CEO Sam Bankman-Fried. Bankman-Fried, once widely regarded as crypto’s “white knight” is now a pariah in the crypto industry due to — by his own admission — the “careless” mishandling of FTX customer funds and his ongoing strange behavior on Twitter. Appearing on Nov. 17 at the Texas Blockchain Summit, Pompliano was asked about how to ensure high-quality representation “in the halls of power,” responding that market forces eliminate bad people as quickly as bad businesses: “It might be a little counterintuitive, but the free market is a hell of a fucking referee. If you watch what just happened, this industry is who held the in...
Lagos assembly begins audit of 57 councils
The Lagos House of Assembly has commenced an audit exercise for all the 20 Local Government Areas (LGAs) and the 37 Local Council Development Areas (LCDAs) in the state. The Chairman, House Committee on Public Account (Local), Mojeed Fatai, made this known in a statement issued in Lagos on Saturday. Fatai said that the committee was expected to submit its report to the House after the weeklong exercise. The lawmaker explained that the exercise was aimed at checking probity and accountability in the local government administration as provided in the 1999 (Amended) Constitution. He said: “The essence of the exercise is to allow the committee go through the 2019 report of the Auditor General without fear or favour to any local council indicted by the officials of the Auditor General. “Also, t...
Senate vows to expose MDAs refusing to account for public funds
President of the Senate, Ahmad Lawan, has said that the upper chamber will publish the names of government agencies that have refused to appear before the Public Accounts Committee to defend the interrogations of the Auditor-General for the Federation in the 2015 report. Lawan made this known in his remarks after the Senate considered the report of the Committee on Public Accounts on the annual report of the Auditor-General for the Federation on the accounts of the Federation for the year ended 31st December, 2015. According to the Senate President, any public official that refuses to account for public funds at their disposal must be shown the way out of office. He said, “This is one of our major responsibilities as a parliament, to hold the executive to account. “[And] whoever is given t...
CDHR calls for release of abducted Ebonyi children
Committee for the Defence of Human Rights (CDHR) has urged the police and sister agencies to secure the unconditional release of the seven Ebonyi children abducted by suspected hoodlums at Enyigba community. The children were abducted from their respective homes at Enyigba community in Abakaliki Local Government Area (LGA) of Ebonyi by unknown persons, following alleged renewed conflict over a land dispute with Enyibichiri community in Ikwo LGA. A statement signed by the state secretary of CDHR, Jeremiah Oyibe, on Tuesday in Abakaliki, urged the police to ensure the safe and unconditional release of the seven abductees. The CDHR added that the police and the state government should ensure the arrest and trial of those involved in the criminal abduction of innocent children. The group expre...
Senate reassures Nigerians on PIB, electoral, constitutional amendment bills
Senate President Ahmad Ibrahim Lawan said on Friday that the Senate was closer to passing the Petroleum Industry Bill (PIB), the Electoral Act Amendment Bill, and the Constitution Amendment Bill, assuring Nigerians that the bills will be passed between now and July year. Lawan who stated this while interacting with journalists to mark the second anniversary of the 9th Senate stated that it was a mark of excellent effort that the ninth senate would soon be ready to pass the Petroleum Industry Bill (PIB) after twenty years of failed attempts. “This should happen this June, and it should increase accountability, probity, efficiency, equity and justice in that vital sector of our economy. “Our determination to pass the bill is additionally in line with our resolve to be a result-oriented parli...
Pope says Canada school discovery painful, but stops short of apology
Pope Francis said on Sunday that he was pained by the discovery of the remains of 215 children at a former Catholic school for indigenous students in Canada and called for respect for the rights and cultures of native peoples. However, Francis stopped short of the direct apology some Canadians had demanded. Two days ago, Canadian Prime Minister Justin Trudeau said the Catholic Church must take responsibility for its role in running many of the schools. Indigenous leaders and school survivors said the Church needed to do much more. “We’re all pained and saddened. Who isn’t?” said Bobby Cameron, chief of the Federation of Sovereign Indigenous Nations in Saskatchewan. Speaking to pilgrims and tourists in St. Peter’s Square for his weekly blessing, Francis urged Canadian political and Catholic...
Twitter pushes back on ban by Nigerian government
Micro blogging social platform, Twitter, has pushed back on ban by the Federal Government. It described it as brazen affront on citizens fundamental human rights and advised its users and other social media platforms in the country to download virtual private networks (VPNs) to enable them continue to use the platforms for their economic survival and social and political engagements while the “push back on this draconian order by the Nigerian government.” In a statement, Twitter said: “Today, the 4th of June 2021, the Federal Government of Nigeria announced its suspension of Twitter operations, that the application can be used as a platform for activities capable of undermining Nigeria’s corporate existence. “Many Nigerians read the announcement of the ban on Twitter as a reflection of the...
WHO seeks G7 support to meet vaccination targets
The Director-General, World Health Organisation (WHO), Dr Tedros Ghebreyesus has solicited the support of G7 health ministers to meet vaccination targets by the end of the year. In his remarks at the G7 Health Ministers’ meeting in Oxford, Ghebreyesus appealed to the ministers to provide leadership for strengthening WHO on sustainable financing. “First, we seek your support for reaching our vaccination targets for September and the end of the year; sharing doses with COVAX now is essential for achieving those targets. “We need 250 million doses by September and we need 100 million doses just in June and July. “As G7 nations, you are in a unique position to pool doses and make this happen; second, we seek your leadership for strengthening WHO, including through sustainable and predictable f...
SERAP urges President Buhari to tell Nigerians spending plan for James Ibori loot, others
The Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “urgently direct Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning to disclose spending details of the $700 million looted funds reportedly recovered by the Federal Government in the past four years, including the list and location of projects completed with the money, as well as details of the contractors that executed the projects.” SERAP also urged him to “direct Mrs Ahmed to disclose how the government plans to spend the returned £4.2m Ibori loot, including details of planned capital expenditure, and whether there is any plan to ensure that the money and any future returned Ibori loot would be spent to achieve justice and effective remedies for victims of corruption in...
Nigerian governors to meet Wednesday over financial autonomy for state legislature, judiciary
Governors of the 36 states are scheduled to hold a teleconference on Wednesday to deliberate on the executive order 10 which grants financial autonomy to the state legislature and judiciary. In a statement issued on Monday and signed by Abdulrazaque Bello-Barkindo, head of media and public affairs of the Nigeria Governors’ Forum (NGF), there will also be discussions on measures to prevent a third wave of COVID-19 infections in the country. Bello-Barkindo said the forum will take updates on the State Fiscal Transparency, Accountability And Sustainability (SFTAS), among other issues. “The meeting, which is the 30th of its kind by the Nigeria Governors’ Forum, commences at 2pm prompt but Governors are expected to start logging-in from 1pm,” he said. “The meeting will cover lessons for States ...
Firm cautions Nigerian government over sale of national assets
Agusto Consulting has cautioned the federal government over its plan to relinquish national assets to private hands, saying, the risk involved is unquantifiable. Agusto Consulting, in a report titled “Rethinking Nigeria’s Models for Infrastructure Development,” noted that, the benefits of relinquishing control to the private sector are glaring, but remain difficult to implement. Noting that the federal government’s handing off certain critical assets of the country that have been dormant over the years will positively impact on the country’s budgetary allocation, but added that this decision has caveats and risks associated with operating models that involve private sector participation regardless of the levels of participation. “First is the high level of corruption in the country and the...
Anambra election: PDP female aspirant urges electorate to shun inducement
A female aspirant in the Nov. 6 governorship in Anambra, Mrs Chidi Onyemelukwe, has urged the electorate to guard against monetary inducement in making their choice of candidates. Onyemelukwe who is aspiring for the ticket of the Peoples Democratic Party (PDP) for the race, made the call at a news conference in Awka on Monday. She said voting for the right candidate without inducement would make them demand the full dividends of from the people they had voted into power and hold them accountable. According to her, she is not intimidated by the number of aspirants and “money bags” in the race. The aspirant said that she had what it took to get the PDP ticket, win the and put Anambra on the part of economic prosperity and ensure higher degree of welfare for the citizens. Onyemelukwe, however...
