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14 killed, 37 injured in North China road tunnel accident

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Fourteen people were killed and 37 others injured after a bus crashed inside an expressway tunnel in northern China, state media reported Wednesday.

The accident occurred shortly after 2:30 pm local time (0630 GMT) Tuesday, state broadcaster CCTV reported, citing local authorities in Shanxi province.

The bus, which was carrying 51 people, rammed into the tunnel’s interior wall, the report said.

State news agency Xinhua confirmed the toll of those killed and injured in a separate report, without providing details on the severity of the survivors’ conditions.

The cause of the incident is now under investigation, Xinhua added.

Road accidents are common in China due to a lack of strict safety controls.

In February of last year, 16 people were killed and dozens more injured in a pile-up in central Hunan province.

The month before that, 19 people died and 20 were injured in a road accident in eastern Jiangxi province.

– S’Korean tanker capsizes –

Five people were unaccounted for Wednesday after a South Korea-flagged chemicals tanker with 11 people on board capsized in rough seas off Japan, the coastguard said.

Six members of the crew – which included two South Koreans, eight Indonesians and one Chinese — had been rescued so far, and the coastguard is “still searching for the remaining five,” a spokesman told AFP.

The tanker was “carrying acrylic acid, but there is no information yet on whether that has leaked into the ocean,” he added, without wishing to be named.

He said he was not aware of the conditions of those rescued, who were rushed to hospital.

Footage from Japanese broadcaster NHK showed the overturned red hull of the ship as well as a life raft, as a coastguard ship pounded through heavy waves and a helicopter flew overhead.

The crew notified the coastguard early on Wednesday that the vessel was tilting and requested help near the island of Mutsure, off Japan’s southwestern coast, NHK said.

The Japan Coast Guard received a rescue call soon after 7:00 am (2200 GMT Tuesday) saying that the ship it was “tilting, please help us,” the spokesman said.

NHK named the vessel the Keoyoung Sun, which specialist website vesselfinder.com said is a chemical and oil products tanker built in 1996, measuring 69 metres (226 feet) in length.

The ship’s operator declined to comment.

AFP

Accountant-General to represent finance ministry on Transcorp Hotel board

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The Accountant General of the Federation, Oluwatoyin Madein, has been named a Non-Executive Director at Transcorp Hotel.

The Group Company Secretary, Stanley Chikwendu, disclosed this in a letter addressed to the Nigerian Exchange Limited on Tuesday.

According to the letter, Madein has been appointed to represent the Federal Ministry of Finance Incorporated, a major shareholder of the company.

Over the decades of its existence, MOFI, by virtue of the provisions of its enabling Act, has been is in charge of the management of a significant portfolio of Federal Government investments, spanning a wide range of about 130 asset classifications, including Government Owned Entities and Government Linked Companies in which it controls a majority stake in more than half of them.

The letter partly reads, “We write to formally notify the investing public and the Nigerian Exchange Limited that the Board of Directors of Transcorp Hotels Plc (“the Company”), on March 5, 2024, approved the appointment of Dr Oluwatoyin Madein as a Non-Executive Director.

“Dr Madein represents the interest of one of the Company’s significant shareholders, the Ministry of Finance Incorporated, on the Board. Dr Madein is currently the Accountant-General of the Federation and has served variously as Assistant Director, Deputy Director and Director, Finance and Account in the Federal Civil Service.

“She is an alumnus of Walden University, USA, where she obtained her PhD in Management (Finance). She also obtained an MBA from Ogun State University.

“Dr Madein holds the Fellowship of various professional bodies, including the Association of Chartered and Certified Accountants, UK, Institute of Chartered Accountants of Nigeria, and the Association of National Accountants of Nigeria, among others.

“As a company that places great premium on governance as a performance enabler, we believe that this appointment will further strengthen the Board’s oversight functions, and thereby enhance value creation and delivery for all shareholder.”

No mining licences without local value addition – Alake

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The Minister of Solid Minerals Development, Dr. Dele Alake, has affirmed the resolve of the Federal Government to foreclose the acquisition of mining licences by prospective investors without requisite plans for local value addition.

Alake also stated that the government’s stance now prohibits the exportation of mineral resources such as lithium, gold, and similar commodities.

Instead, these minerals must undergo processing within Nigeria, fostering increased value and local benefit for the communities where they are sourced.

A statement by his Special Assistant on Media, Segun Tomori, said the minister gave the commitment while hosting members of the House Committee on Solid Minerals on an oversight visit to the ministry on Tuesday in Abuja.

According to him, the government has also finalised plans to incorporate a new security outfit with the existing structure of the Nigeria Security & Civil Defence Corps to secure the nation’s natural resources through the infusion of technology and specialised training.

Alake said, “We are no longer going to allow anybody or license any company that wants to go into the mineral sector without giving us a plan for local value addition like processing, and refining and this has a multiplier effect on the economy. It instantly generates employment rather than a few people carting away lithium, gold, and the like to other countries to sell. These minerals must now be processed in Nigeria, creating more value and beneficiation for local communities where they are sourced.”

He applauded the lawmakers for their support in repositioning the mining sector, stressing that changing the economic fortunes of Nigeria is a joint task by both the executive and legislature.

“The importance of this committee cannot be overstated because whether we like it or not, we are at the cusp of history and it does beckon on us individually and collectively whether as executive or legislature to change the paradigm of Nigeria’s economic fortunes because we have to diversify our economy away from the mono-cultural dependency on oil. Again, that underscores the significance of this committee because of the importance of the ministry in that regard. That is why I view your visit here today with a sense of proprietary, responsibility, and appreciation of the oversight functions that you are saddled with.

“We welcome you and believe that from the type of comradeship that I have personally enjoyed with the committee and the leadership, I have no doubt in my mind, that what the executive of this ministry needs to forge ahead to achieve its stated objectives in terms of logistics support, legislative framework crafting is assured. it gives me great confidence that when you have members of a committee that understand the issues at stake, understand the problems that the ministry faces and know how to give the necessary backup, then we in the executive will have no excuse for failure. We can only forge ahead,” the minister said.

He also seized the occasion to assure the legislators of the significant contribution of sub-nationals to mining development, stressing that state chairmen of the Mineral Resources and Environmental Management Committee and five members of the committee are nominated by state governments.

Highlighting the renewed interest of the international community in Nigeria’s mineral resources, Alake stressed that his 7-point agenda has put the mining sector on the global front burner since he assumed office

“With the support of the Permanent Secretary, management and the House committee, we have been able to project the sector globally and the result of our efforts culminated in my election as the Chairman of the Africa Minerals Strategy Group on the sidelines of the Future Minerals Forum in Riyadh, Saudi Arabia based on our 7-point agenda which was applauded by all and sundry. This is a group that consists of all African countries’ Ministers of Solid Minerals/Mineral Resources”.

On security, the Minister revealed that the Federal Government has finalised a new security outfit to secure the nation’s natural resources that will incorporate the existing structure of the Nigeria Security & Civil Defence Corps with the infusion of technology and specialised training.

“We have come up with what we believe can stem insecurity around natural resources like solid minerals, forests, and marine economy. We decided to use the existing structure of the NSCDC because of the cumbersome process of establishing a new security architecture. In terms of deterrence, the new NSCDC corps will be useful, “he asserted

According to the minister, there will be a command in every state of the country and will involve the infusion of a huge dose of technology, noting the modern-day security architecture is predicated on mostly technology rather than reliance on only boots on the ground.

“What a whole battalion can do, one single drone can do it, so the new security outfit will be largely technologically driven, and they will be under the overall command of the Ministry of Solid Minerals Development. They are to secure our mine sites, and help in stemming theft, illegal mining, and carting away of our solid minerals. The command structure of the new outfit will be inaugurated in the coming days, the Minister affirmed.

In his remarks, the Chairman of the committee, Hon. Gaza Gbefwi stated that the House Committee on Solid Minerals, in fulfilling its constitutional responsibility of oversight, paid a visit to the ministry to ensure that the executive is doing what it is supposed to do for citizens to get maximum beneficiation from the mining sector.

He expressed appreciation to the Minister for cooperating with the legislature in its oversight function of checks and balances, emphasizing that the committee will do what is necessary to back up reforms with requisite legislation that will enable the executive to propel the sector into an enviable position, with significant contribution to the nation’s economy.

Tinubu promises economic turnaround in coming months

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President Bola Tinubu on Tuesday said the economy is taking a turn for the better and Nigerians will “all smile once again” in the coming months.

He noted that some nations have undergone worse economic experiences than Nigeria has in the past few months.

Tinubu, who was represented by Vice President Kashim Shettima, made these assertions when he hosted ministers, service chiefs and other top government officials at the Banquet Hall of the Aso Rock Villa, Abuja, for a Ramadan Iftar (breaking of fast).

He said, “Luckily, the economy is turning the corner. By the grace of God, in the coming months, we will have a bountiful harvest season and we shall all smile once again.

“Honourable ministers, service chiefs, distinguished ladies and gentlemen, we have crossed the rubicon and the nation is on its path to sustained growth. Some nations have gone through worse cases in the annals of their history than us.

“The President is working for this nation. He has a good heart for the nation and we have the moral duty to support him in doing whatever way we can to salvage the nation.”

Describing Ramadan as a season of forgiveness and generosity, Tinubu called for prayers for the “restoration of peace and stability in the country.”

He said the overlap of Lent and Ramadan “buttresses the fact that what binds us together exceeds what separates us.”

On his part, the Attorney-General of the Federation, Mr. Lateef Fagbemi thanked the President for the gesture, assuring him of their support in ensuring the nation’s success.

He said, “Mr President, thank you for hosting us this evening…I pray that Allah will continue to enable you. No matter how wealthy you are, there are still things you ask from him.

“I don’t have to look at the crystal ball, but I know one or two. May he grant you your requests.

“About the state of nation, all of us will work and support you to ensure success. This is the ninth day, and I pray that we will all see the end of the Ramadan.”

The cabinet members and service chiefs are the President’s second set of Iftar guests. He is expected to host more such gatherings with senior government officials in the course of the holy month.

Brazilian police to charge ex-President for forging COVID-19 certificate

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Brazilian police have recommended that former President Jair Bolsonaro be charged for the alleged forging of his Coronavirus vaccination certificate, adding to his panoply of legal woes.

Bolsonaro has been under investigation since last year over an alleged plot to falsify his Covid vaccination records during a presidency in which he came under fire for dismissing the severity of the pandemic.

The federal police said in a 231-page report that Bolsonaro and 16 other people had plotted to issue “the false certificates to obtain undue advantages” as the virus raged.

It is now up to the Attorney-General’s office to decide whether to charge Bolsonaro in the case.

Bolsonaro, who once joked the vaccine could “turn you into an alligator,” has previously admitted he is not vaccinated.

In May 2023, the 68-year-old was questioned by the police about the allegations, and his house was also raided.

He denied the charges, saying authorities were trying to “fabricate a case” against him.

Brazil’s Comptroller-General’s office in January confirmed that Bolsonaro’s Covid vaccination certificate was forged, but recommended closing the case due to a “lack of sufficient evidence” over who had entered the false data.

– ‘I received an order’ –

Bolsonaro faced severe criticism for his management of the pandemic, after opposing lockdown measures and telling Brazilians to “stop whining” as deaths reached record highs.

Public health records showed he received the vaccine in Sao Paulo in July 2022, but the comptroller’s office found this was fraudulently entered.

Bolsonaro’s lawyer, Fabio Wajngarten, described the police allegations as “absurd.”

“While he served as president, (Bolsonaro) was completely exempt from presenting any type of certificate on his trips,” said Wajngarten, slamming “political persecution.”

The police investigation shows that a close Bolsonaro aide, Army Colonel Mauro Cid, admitted to introducing the fake data into the public health system.

“I received an order from the former president of the Republic, Jair Bolsonaro, to insert the false data on behalf of him and his daughter Laura Bolsonaro. Those certificates were printed and I delivered them into the hands of the president,” Cid said, according to an excerpt of his police statement included in the report.

Cid was arrested in May 2023 for his involvement in the scheme and later released after a plea deal.

The police report said a doctor, health officials, a lawyer, soldiers and several other Bolsonaro subordinates were also involved in the plot.

Bolsonaro is currently mired in legal challenges, including an investigation into an alleged coup plot to stay in power after he lost the 2022 election.

He is also being probed over the alleged misappropriation of gifts received from other nations, such as jewellery offered by Saudi Arabia.

Bolsonaro has also been banned from holding public office until 2030 over his attacks on the election system.

AFP

Nasarawa gov distributes palliatives to students

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Governor Abdullahi Sule of Nasarawa State has distributed palliatives to students across various educational institutions in the state.

Nasarawa gov distributes palliatives to students
Nasarawa gov distributes palliatives to students

This was made known in a statement shared on the Facebook page of the state government on Tuesday.

Sharing photos, the statement read, “His Excellency, Abdullahi A. Sule, distributes 1,000 bags of 7.5kg of rice to students of College of Agriculture, Science and Technology to be shared to 500 beneficiaries along with N5,000 each as palliative.

Nasarawa gov distributes palliatives to students
Nasarawa gov distributes palliatives to students

“The governor also shared 1,000 bags of 7.5kg of rice to 500 students. In addition to the rice, N5,000 each was shared as palliative to students of the School of Nursing Lafia.

Nasarawa gov distributes palliatives to students
Nasarawa gov distributes palliatives to students

“Governor Abdullahi Sule jointly distributed 4,000 bags of rice to 2,000 beneficiaries at the Isa Mustapha Agwai I, Polytechnic IMAP Lafia as palliative to help cushion the current economic hardship being experienced.”

Nasarawa gov distributes palliatives to students
Nasarawa gov distributes palliatives to students

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NSIA, NSP sign agreement for Shiroro solar generating firm

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Vice President Kashim Shettima has said Nigeria’s energy transition journey and its resolve to embrace clean and renewable energy solutions remains on track under the Bola Tinubu administration.

The Vice President stated this on Tuesday at the Aso Rock Villa during the signing of the joint venture agreement for the establishment of the Shiroro Generating Company, Nigeria’s pioneer 20MW On-grid Solar-Hydro Hybrid project, between the Nigeria Sovereign Investment Authority and North-South Power Company Ltd.

The Senior Special Assistant to the Vice President on Media and Communications, Stanley Nkwocha, disclosed this in a statement on Tuesday titled, ‘NSIA, NSP sign agreement for Shiroro Solar Generating Company.’

He said the event “marks a significant milestone and will boost the country’s energy transition journey.”

“The Federal Government of Nigeria, under the able leadership of President Bola Tinubu, remains steadfast in supporting initiatives that drive economic growth, enhance energy security and protect our environment,” the Vice President noted.

The Shiroro Generating Company is a joint venture project between the Nigeria Sovereign Investment Authority and North-South Power, investing in a pioneer 20MW solar-hydro hybrid project in Shiroro, Niger State.

The 20MW Pilot Project (Phase 1a) is embedded within a larger 300MW solar programme to be co-located within NSP’s existing 600MW Shiroro Hydroelectric Power Plant concession area in Shiroro, Niger State.

Speaking on the significance of the project, Shettima said Tuesday’s agreement is “a journey which is pivotal to our sustained growth and development as a nation.”

He noted that the government has resolved to take proactive steps to diversify Nigeria’s energy sources, reduce its carbon footprints and ensure a more sustainable future for generations to come.

“And this is a pioneering project in terms of hybridizing power in solar and hydro. I believe that this is a harbinger of greater things to come.

“This project will serve to attract further investments in the space by growing both the business and financial models for such projects,” added Shettima.

The Vice President also commended the vision, innovation and commitment of the NSIA for the project, noting that “it is commendable as strategic partnerships like this will create opportunities for economic growth and technological advancement while simultaneously addressing the urgent need for clean and accessible energy.

“This project will catalyse the realization of other hydro-solar projects and serve as a test case for deployment of solar energy onto the national grid.

He then implored the Nigeria Electricity Regulatory Commission, Nigeria Bulk Electricity Trading, Transmission Company of Nigeria, Bank of Industry and all other relevant stakeholders in the project to ensure that they collaborate effectively with its sponsors to guarantee the timely delivery and operation of this project.

Earlier in his remark, Minister of Power, Mr Adebayo Adelabu, said the initiative aligns with the critical priorities of his Ministry in terms of striving to increase energy output and also diversifying into renewable energy.

Adelabu reasoned that the project is expected to attract additional capital and utilise the country’s abundant renewable energy resources.

On his part, MD/CEO of NSIA, Mr Aminu Umar-Sadiq, said the partnership “will deepen Nigeria’s clean energy portfolio, create jobs, and re-affirm our dedication to energy efficient solutions as a lever for socio-economic development. It further exemplifies NSIA’s role as a catalyst for positive change, steering Nigeria towards a more sustainable future.”

In a similar vein, the Executive Vice Chairman/CEO of North South Power Company Limited, Olubunmi Peters, affirmed the company’s dedication to renewable energy solutions by stating its strategic intent to embark on this Solar-Hydro Hybridisation Project.

He described the project as “a testament to our sustained focus on renewable energy as an integral component of economic growth,” adding, “Through this project, we have further revalidated our over-arching mandate to uphold the highest standards of environmental and social responsibility, demonstrating innovation and market leadership.”

Officials from the NSIA, North-South Power and other stakeholders in the power sector also witnessed the signing ceremony.

Senate extends implementation period for 2023 supplementary budget to June 30

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The Senate on Tuesday extended the implementation period for the 2023 supplementary budget from March 31 to June 30, 2024.

The Senate, had, in December 2023, extended the implementation of the N1.3 trillion supplementary budget from December 31, 2023, to March 31, 2024.

But the Red Chamber in making a further extension of the implementation period for the budget, gave an executive bill sponsored to that effect by its Leader, Senator Opeyemi Bamidele, for expeditious consideration by passing it for second and third readings.

Similarly, the Senate on Tuesday passed the sum of N446,342,656,992.00 as the 2024 budget of the Federal Inland Revenue Service.

This followed its adoption and approval of the recommendation by its Committee on Finance which considered the budget.

The committee Chairman, Senator Sani Musa (APC, Niger East) presented the report.

Of the sum, according to the report, N177,441,479,682.00 is for Personnel cost, N156,454,385,053.00 is for Overhead cost and N112,446,822,255.00 is for capital expenditure.

The committee observed that “the Service Year 2024 budget estimates are based on Zero Based Budgeting.

“That the 2024 projected Cost of Collection of N446.34bn is 39% higher than the 2023 approved budgeted cost of collection which stood at N320.90bn.

“The personnel cost is based on staff strength on the payroll including social benefits (such as NHIA, Pension contribution, etc.) and anticipated performance bonus for the year.”

He added, “The increase in overhead projection can be attributed to the need for more robust operational activities which are critical in driving the achievement of Service core objectives e.g. Tax automation projects and other critical ones that relate directly to tax collection and administration.

“The capital cost estimates include ongoing and new projects which are to be executed during the 2024 financial year. These are as a result of expected completion of projects, payment of retention on completed projects and some new projects for effective revenue drive.”

The Senate, in another decision taken on Tuesday,  confirmed four persons as Managing and Executive Directors of the Asset Management Company of Nigeria.

Gbenga Alade was confirmed as the Managing Director of AMCON while those confirmed as Executive Directors include Adeshola Lamidi, Lucky Adaghe and Dr. Aminu Dan’amu.

The confirmation of the nominees was a sequel to requests made to that effect by President Bola Tinubu through a letter forwarded to the Senate last month.

The Senate also passed for a second reading, the bill seeking the amendment of the Extradition Act.

In his lead debate on the general principles of the bill, Senator Opeyemi Bamidele said, “The Extradition Act is the legislation that governs the process by which Nigeria can request and obtain the surrender of a person from another jurisdiction who is accused or convicted of a criminal offence outside the requesting jurisdiction’s territory.

“The Act is today set for amendment to ensure compliance with Nigeria’s obligation to the international bodies in the fight against Money Laundering and Terrorism Financing and also to ensure the delisting of Nigeria by the ICRG from the grey list through compliance.

“The amendment Bill has been read on the floor of both Houses (the Senate and the House of Representatives) respectively.”

The Senate Leader added that “Section 2 subsection 1 of the Act is amended to allow Nigeria to accede to extradition requests from countries with which Nigeria has signed an extradition treaty – as opposed to only commonwealth countries, as is the case today. The present position of the Act applies only to countries within the Commonwealth and any other country with whom Nigeria establishes an extradition treaty or arrangement.

“Section 7 subsection 4 of the Act is amended to properly set out the procedure for issuance of warrant arrest of arrest for effective execution of extradition requests.”

FG to partner NSIA on radiotherapy equipment procurement

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The Federal Government on Tuesday said plans are underway to sign a Memorandum of Understanding with the Nigeria Sovereign Investment Authority to aid in the procurement and maintenance of radiotherapy equipment in cancer centres in the country.

The Director-General, National Institute for Cancer Research and Treatment, Prof Usman Aliyu, disclosed this in Abuja at the City Cancer Challenge Initiative Stakeholder Mapping and Engagement Workshop.

Radiation therapy, also called radiotherapy is a type of cancer treatment.

It is used to treat cancer and ease cancer symptoms. When used to treat cancer, radiation therapy can cure cancer, prevent it from returning, or stop or slow its growth.

According to Aliyu, who represented the Minister of State for Health, Dr Tunji Alausa, at the workshop, the NSIA-Lagos University Teaching Hospital cancer centre has the best cancer equipment in the country and the Federal Government aims to replicate what is obtainable there in other centres.

Aliyu said this was in line with President Bola Tinubu’s directive to upgrade the six cancer centres in six geo-political zones of the country.

He said, “So the Coordinating Minister of Health and Social Welfare, Prof Muhammad Pate, wants to replicate what he saw in LUTH to virtually almost all the other regions in the country.

“This is because if you look at the major problem of our radiotherapy equipment, it is the frequent breakdown, but that has actually never happened with the NSIA platform. I think what the NSIA-LUTH have is up to 80 per cent to 90 per cent excellent actually. So that is why we are trying to get something similar in the entire country.”

He noted that the burden of cancer continues to increase in Nigeria, posing a significant threat to the population’s health and well-being.

He added that according to the 2022 Global Cancer Observatory report, 127,763 new cancer cases were diagnosed with 79, 542 mortalities from cancer in Nigeria.

“As we work towards addressing this challenge, it is crucial that we join forces, collaborate, and strategise to ensure that cancer patients in Abuja, and across Nigeria receive the best possible care and support.

“This workshop serves as a platform for us to identify and engage with the diverse range of stakeholders who play a crucial role in the fight against cancer,” he noted.

He stated that by mapping out the landscape of cancer stakeholders in Abuja, and the country at large, there would be a better understanding of the resources, expertise and gaps that exist within the current healthcare system.

The Mandate Secretary, Health Services and Environment Secretariat, Federal Capital Territory, Dr Dolapo Fasawe highlighted that the workshop was critical to the success of the project.

Fasawe said this was because it was the foundation that would determine both the success of subsequent phases of the project and the overall objectives of the project.

“This is what this challenge will do. We will have community mobilisation teams in each of our area councils, we will educate them on what early signs of cancer look like in a woman and in a man.

“As for the FCT, I assure you that with this renewed hope administration, we will find the gaps that are increasing the prevalence of cancer mortality and morbidity and making people die more.

“With this project, there’s political will to fill the gaps. The gaps may be human resource, more advocacy or more cancer treatment centres,” she said.

On her part, the Director, Africa and Europe at City Cancer Challenge Foundation, Sophie Bussman-Kemdjo, noted that the organisation which is operational in 15 cities across the world would employ a framework that has been tested in the previous cities to enhance cancer care in the FCT.

“We will set up a governance body in the city that will oversee the implementation and the rollout of the initiatives and further do city wide and intensive needs assessment to be able to know what the pressing needs in the city are. That governance body will work with all of the concerned parties to prioritise what the main needs to be put forward are and from the priority needs, there will be strategic planning in terms of which projects to put forward.

“We at the city cancer challenge will build on our network of partners to be able to support better, so it’s really like local contextualisation, we don’t come to just say this is what you should be doing. We wi support the effort that is already being made,” she stated.

Senate to invite CBN gov over N30trn Ways and Means loan

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The Senate Ad-hoc Committee probing the N30tn Ways and Means loans to the Federal Government has discovered 13 infractions in the process of obtaining the loan.

The Senate also disclosed that it would summon the governor of the Central Bank of Nigeria, Olayemi Cardoso.

This came to the fore when the Chairman of the Committee, Senator Isah Jibrin (Kogi East) and other members of the committee met with officials of the CBN at the National Assembly on Tuesday.

The team of CBN officials was led by Bala Bello.

The ad-hoc committee is probing the disbursement and usage of the N30 trillion Ways and Means loan obtained during the administration of former President Muhammadu Buhari from the CBN.

Jibrin said the former governor of the CBN, Godwin Emefiele, unilaterally signed billions of naira in the approval of different tranches of the loan without following due process.

The Kogi lawmaker stated that Emefiele illegally signed billions of naira in 13 documents.

The committee chairman said Emefiele ought to have approved the loans in conjunction with the CBN board of directors but the latter unilaterally signed the loans which was contrary to the provisions of the CBN Act.

Jibrin said, “The committee of governors ought to be the signatories to the Ways and Means account but in the document we have here, the governor signed billions of naira in about 13 places.

“We want to know the total figure of the Ways and Means. We want to know the summation of the figure.”

The committee chairman further noted that documents available to him on the Anchors Borrowers Programme implemented by former President Buhari’s administration indicated that about 70 per cent of the programme has been executed, leaving 30 per cent.

He said, “On the Anchor Borrowers Programme, you have done well. You did about 70 per cent but we must ensure the completion of the remaining 30 per cent.”

Jibrin, however, informed them that the committee will summon the CBN governor, Cardoso, to give a detailed account of what he knew about the Ways and Means.

“Your governor who took over from Emefiele, should be able to stand for Emefiele because he took over from him including his assets.

“Emefiele should provide an explanation to the existing governor. We will invite the governor and in case he does not have a response, he will contact Emefiele,” he added.