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IGP mandated to bring CAC Registrar General before Senate committee

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The Senate Committee on Finance has directed the Inspector General of Police to ensure the appearance of Ishaq Hussain Magaji, the Registrar General of the Corporate Affairs Commission (CAC), within 24 hours. Expressing dissatisfaction on Wednesday, the committee chairman, Sani Musa, conveyed his displeasure as Magaji ignored the committee’s invitation for the third consecutive time. The Registrar General was summoned to provide clarification on discrepancies observed by the committee in the CAC’s 2024 budget.

Despite confirmations from four senior officials of the commission, who acknowledged receiving multiple invitations, they were unable to offer reasons for Magaji’s absence before the panel. Senator Bello Mandiya expressed frustration at the CAC boss’s repeated disregard for the committee, emphasizing the significance of his appearance to defend the budget.

Senator Abdul Ningi urged the CAC officials not to return without the Registrar General, emphasizing the need for Magaji to face scrutiny and explain the agency’s financial activities. Committee chairman Sani Musa noted that the Registrar General had disregarded the committee’s instructions despite earlier discussions about discrepancies in revenue generation and expenditure by the Corporate Affairs Commission.

Musa highlighted the committee’s previous request for the CAC to address observed discrepancies, but Magaji failed to provide the necessary documents. Frustrated by the lack of cooperation, Musa invoked Section 89(2) and mandated the Inspector General of Police to compel Magaji’s appearance before the Senate Committee on Finance within the next 24 hours.

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BREAKING: Oronsaye Report: Tinubu to scrap many agencies, merge others

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President Bola Tinubu will implement some of the recommendations contained in the Oronsaye Report.

This is majorly, in order to cut the cost of governance.

This is coming 12 years after the Steve Oronsaye Panel submitted its report on restructuring and rationalising Federal government parastatals and agencies and a white paper issued two years after.

According to Bayo Onanuga, the President and the Federal Executive Council on Monday reached a decision to implement the report.

He said: “Many agencies will be scrapped and many others will be merged, to pave the way to a leaner government.”

CREDIT: DAILY POST

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‘You’re responsible for Nigeria’s economic woes’— Atiku tackles Tinubu

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Atiku Abubakar, the Peoples Democratic Party (PDP) candidate in the 2023 general election, attributed Nigeria’s economic challenges to President Bola Ahmed Tinubu.

In a statement shared on his official social media account on Sunday, the former Vice President of Nigeria urged Tinubu to take cues from Argentina’s President Javier Milei on swiftly restoring investor confidence despite inheriting a troubled economy.

Atiku criticized Tinubu for deflecting blame onto the opposition and his predecessors, calling such actions unnecessary and shortsighted. He emphasized that market dynamics respond to concrete actions, not political rhetoric.

Drawing parallels with President Milei’s leadership in Argentina, Atiku highlighted the need for well-sequenced economic reforms. He commended Milei’s proactive approach in preparing for the post-reform challenges and ensuring the availability of mitigating measures.

Atiku contrasted Tinubu’s administration’s ad hoc and hurried reforms with Milei’s strategic sequencing. He pointed out Argentina’s lean government structure achieved through reducing ministries and privatizing state-owned enterprises, contrasting it with Nigeria’s expanding bureaucracy and excessive spending on official residences.

Atiku likened Tinubu’s administration’s approach to Nero fiddling while Rome burns, accusing him of evading substantive action and blaming the opposition for policy failures, reminiscent of characters in George Orwell’s Animal Farm.

Expressing admiration for Argentina’s reforms, Atiku suggested aligning his “Recover Nigeria Plan” with Milei’s stabilization strategy to alleviate Nigeria’s economic distress. He emphasized the need for transparent policies focused on economic revival and warned against dismissing discontent, particularly among the youth, which could manifest in protests.

The statement referred to the worsening economic conditions in Nigeria, highlighted by soaring inflation rates and high living costs, as reported by the National Bureau of Statistics, with headline inflation reaching 29.90% and food inflation at 35.42% in January 2024.

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BREAKING: Fire guts FCT Minister’s residence

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A fire broke out at the private residence of Dr. Mariya Mahmoud, the Minister of State in the Federal Capital Territory Administration (FCTA), on Sunday afternoon.

Situated at No. 9, Justice Roseline Ukeji Close in the affluent Asokoro district of Abuja, the property was reportedly completely destroyed by the blaze.

Despite prompt emergency response efforts, including the arrival of fire service personnel, nothing could be salvaged from the premises.

Mr. Austin Elemue, the Minister’s Special Adviser on Media, confirmed the incident, indicating that the cause of the fire remained unknown at the time.

Authorities have initiated an investigation to ascertain the cause of the fire.

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