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Uproar as Buhari Makes Fresh Request for $29.96bn Loan
President Muhammadu Buhari on Thursday re-sent the $29.96bn 2016-2018 external borrowing plan to the Senate for its consideration and approval.
Buhari made the request a day after the International Monetary Fund warned Nigeria against rising debts. T he Debt Management Office has said out of Nigeria’s total debt profile of N25.7tn as of June 2019, external borrowing accounts for about 32 per cent while the 68 per cent is domestic.
The President’s financial plan was approved by the Federal Executive Council in August 2016 and sent to the 8th Assembly in September 2016.
The leadership of the federal parliament led by Senator Bukola Saraki and Yakubu Dogara, invariably rejected the request in November 2016.
Buhari had asked the 8th Assembly to approve plans to borrow the amount abroad to fund infrastructure plans from 2016 to 2018.
The President of the Senate, Ahmad Lawan, who read the fresh request sent by Buhari during plenary, did not give details of the executive communication.
In the letter, dated November 26, 2019, Buhari said the 8th National Assembly approved only a part of the External Borrowing request forwarded to it in September 2016.
This, according to him, stalled the Federal Government’s implementation of critical projects spanning across the mining, power, health, agricultural, water and educational sectors.
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Davido, Wizkid’s Songs Aren’t Selling Again, They Are Using Controversy To Stay Relevant’ – Portable
Controversial Nigerian singer, Habeeb Okikiola, better known as Portable, has reacted to the ongoing feud between his colleagues Davido and Wizkid.
We reported that Wizkid reignited the long-standing beef with Davido on his X page, marking their second major online spat in 2024.
Wizkid, who labelled Davido ‘wack with no talent,’ also threw tantrums at the singer’s family, including his uncle, Governor Ademola Adeleke.
In a series of Instagram posts on Wednesday evening, Portable criticized both artistes, claiming their songs no longer sell and are using controversy for music promotion.
The ‘Zazzu Zeh’ hitmaker also said he is now more relevant and celebrated than Davido and Wizkid. However, the claims starkly contrast with the current happenings in the music scene.
News
Breaking: CJN Kekere-Ekun Issues First Warning after Swearing-in
The newly-inaugurated Chief Justice of Nigeria (CJN), Justice Kudirat Motomori Olatokunbo Kekere-Ekun, vowed on Monday in Abuja that obedience to court orders will not be negotiable under her watch.
She said that no individual or institution, irrespective of their standing, would be permitted to treat judgments of the court with levity or disregard.
The CJN spoke on the occasion of the commencement of the 2024/2025 legal year and the inauguration of the 87 new Senior Advocates of Nigeria (SANs) held at the Supreme Court.
Justice Kekere-Ekun stated that the judiciary stands resolute in ensuring that the sanctity of legal decisions is upheld in line with the rule of law.
To achieve this new narrative, the CJN canvassed that all hands must be on deck in fostering an unwavering commitment to the full enthronement of the rule of law.
“Disobedience to court orders or non-compliance with judicial directives is a direct affront to democracy and an invitation to anarchy.
“As such, it is critical that we respect and observe all the features of an enduring democracy, for in doing so, we maintain the delicate balance that sustains our society.”
“Let us, therefore, work together collectively and tirelessly to ensure that Nigeria continues to abide by the rule of law, upholds the best democratic practices, and remains vigilant in the protection of citizens’ rights.
“The rights of every Nigerian must be valiantly safeguarded against oppression and impunity, utilizing the full array of legal instruments at our disposal.”
Maintaining that a new dawn and a new era in the Nigerian judiciary has come with her appointment, Justice Kekere-Ekun assured Nigerians of her commitment to work diligently to improve public perception of the judiciary.
According to her, “Over the years, various factors have contributed to the negative image of the judiciary. However, we are determined to change the narrative and make the judiciary a source of pride for all Nigerians.”
“When the legal compass of a nation falters, everything suffers, including public and international perception.”
“The attitude of some of us in the justice sector is sometimes less than salutary, and that has contributed to the current image deficit of the country’s legal system.”
The CJN condemned the forum shopping by some lawyers, which she claimed has led to the emergence of conflicting orders by courts of coordinated jurisdiction.
To address this ugly trend, the CJN vowed that there will be consequences for any act of indiscretion that could bring the judiciary to disrepute
News
I Won’t Tolerate Bribery, Corruption — New CJN Kekere-Ekun
The newly appointed Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, has declared a zero-tolerance policy for corruption during her tenure.
“All pre-election matters will terminate at the Court of Appeal. I have zero tolerance for corruption,” she said.
She also assured that the judiciary would maintain its independence from external influences.
Justice Kekere-Ekun is now Nigeria’s 23rd substantive Chief Justice and the second woman to hold this position in the nation’s history.
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