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SERAP Urges Akpabio to Reject Wike’s plan to spend N15bn on ‘a befitting residence’ for VP



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Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President, Mr Godswill Akpabio to use his leadership position “to promptly reject the plan by the Minister of the FCT, Nysom Wike to spend N15 billion for the construction of ‘a befitting residence’ for the Vice President, Mr Kashim Shettima.”

SERAP urged him to “assert Senate’s authority and constitutional oversight roles to reject the N2.8 billion on publicity for the FCTA and other proposed wasteful and unnecessary spending that may be contained in the 2023 supplementary budget and the 2024 budget proposed by President Bola Tinubu.”

In the letter dated 2 December 2023 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “The plan to spend N15 billion on ‘a befitting residence’ for the vice president is a fundamental breach of the Nigerian Constitution and the country’s international anticorruption and human rights obligations.”

SERAP said: “The Senate has the constitutional duties to ensure that Mr Wike’s proposed spending is entirely consistent and compatible with constitutional provisions including his oath of office. All public officials remain subject to the rule of law.”

SERAP also said, “The National Assembly including the Senate has a constitutional responsibility to address the country’s debt crisis, including by rejecting wasteful and unnecessary spending to satisfy the personal comfort and lifestyles of public officials.”

The letter, read in part: “The National Assembly cannot continue to fail to fulfil its oversight function. The Senate must assert and demonstrate its independence by checking and rejecting all wasteful and unnecessary spending by the executive.”

“It would be a grave violation of the public trust and constitutional oath of office for the Senate to approve the plan to spend N15 billion on ‘a befitting residence’ for the vice president at a time when the Federal Government is set to spend 30% (that is, N8.25 trillion) of the country’s 2024 budget of N27.5 trillion on debt service costs.”

“The Federal Government also plans to borrow N7.8 trillion to fund the 2024 budget. Nigeria’s public debt stood at 87.4 trillion naira as of June with 38% owed to external creditors including multilateral and commercial lenders.”

“Should the Senate and its leadership fail to stop wasteful and unnecessary spending and rein in government borrowing, SERAP would consider appropriate legal action to compel the National Assembly including the Senate to discharge its constitutional oversight roles in the public interest.”

“SERAP urges you to refer to the Economic and Financial Crimes Commission (EFCC) and Independent Corrupt Practices and Other Related Offences Commission (ICPC) the allegations of corruption in the spending of the previously approved N7 billion for the construction of a new residence for the vice president.”

“The ‘construction’ was reportedly abandoned but the whereabouts of the N7 billion remain unknown.”

“The Senate has the constitutional competence and legitimacy to compel compliance with the Nigerian Constitution and the country’s international obligations.”

“The Senate ought to assert its authority and vigorously exercise its constitutional oversight roles to check the wasteful and unnecessary spending by Mr Wike especially given the growing debt crisis and the indiscriminate borrowing by the government.”

“It is a travesty and a fundamental breach of the lawmakers’ fiduciary duties for the National Assembly to allow the executive to use the national budget as a tool to satisfy the comfort and lifestyle of public officials.”

“Nigerians have a right to honest and faithful performance by their public officials including lawmakers, as public officials owe a fiduciary duty to the general citizenry.”

“Cutting the N15 billion on ‘a befitting residence’ from the FTCA budget would be entirely consistent with your constitutional oath of office, and the letter and spirit of the Nigerian Constitution, as it would promote efficient, honest, and legal spending of public money.”

“According to our information, the Minister of the FCT, Nysom Wike and the Federal Capital Territory Administration (FCTA) plan to spend N15 billion for the construction of ‘a befitting residence’ for the Vice-President, Mr Kashim Shettima.”

“The plan is contained in the N67 billion FCT supplementary budget which President Bola Tinubu had on Tuesday transmitted to the National Assembly for approval.”

“SERAP notes that Mr Wike proposed a plan to spend N15 billion on a new residence for the vice president despite the recent allocation of N2.5 billion for the renovation of the current residence of the VP in the federal government’s supplementary budget already passed by the National Assembly and signed by President Tinubu.”

“The House of Representatives has reportedly approved the plan to spend N15 billion on ‘a befitting residence’ for the vice president.”

“The National Assembly has also approved another N3 billion for the renovation of the vice president’s residence in Lagos State. Mr Wike also plans to spend N2.8 billion on publicity for the FCTA.”

“The proposed plan to spend 15 billion on ‘a befitting residence’ for the vice president is different from the N100 billion for the FCT contained in the federal government supplementary budget.”

“SERAP notes that the Federal Government has also budgeted N8 billion on the two official residences of President Tinubu in Abuja and Lagos.”

“On top of the planned spending of N15 billion on ‘a befitting residence’ for the vice president, billions of naira have been allocated for the purchase of cars for the Villa and the Office of the First Lady.”

“Section 14(2)(b) of the Nigerian Constitution of 1999 [as amended] provides that, ‘the security and welfare of the people shall be the primary purpose of government.”

“Under Section 16(1)(a)(b), the National Assembly including the Senate has the obligations to ‘harness the resources of the nation and promote national prosperity and an efficient, a dynamic and self-reliant economy’, and to ‘secure the maximum welfare, freedom and happiness of every citizen.’”

“Under sections 59(2) and 299 of the Nigerian Constitution, the National Assembly including the Senate has legislative powers over money bills including the proposed N15 billion, and other wasteful and unnecessary spending by the Federal Government.”

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Ugo Onwuaso is an ICT enthusiast. He believes technology should be used for general good. He holds a Master of Public Administration (MPA) degree from the Lagos state University. Dear Reader, Your support matters. But we believe that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. That is why, we have devoted our energy to independent reportage of technology and finance and how they affect lives. Our incisive and analytical view of how technology news affects the daily life help individuals and organizations make up their minds. Quality journalism costs money. Today, we're asking that you support us to do more. Kindly support our effort to deliver technology and finance journalism to everyone in the world. Donate as little as N1,000. Bank transfers can be made to: UBA Plc 1017156876 Communication Week Media Ltd


Customs Says No NIN, No Food as FG Begins Distribution of Seized Food Items



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Nigerian Customs Service (NCS) has commenced the distribution of seized food items across the country, following a mandate from the federal government, in a bid to alleviate the economic hardships faced by Nigerians.

Customs Says No NIN, No Food as FG Begins Distribution of Seized Food Items

Beneficiaries would be required to provide a verifiable National Identification Number (NIN) to access the assistance.

Wale Adeniyi, customs comptroller-general, announced the initiative during a flag-off event in Lagos, highlighting the collaboration with other agencies to ensure direct distribution to those in need.

The distribution targets various segments of the population, including artisans, teachers, and religious organizations, with an emphasis on reducing food prices.

Adeniyi assured the public of the safety of the distributed rice, certified by NAFDAC, and outlined measures to prevent misuse or diversion.

The operation addresses food hoarding and smuggling, contributing to the government’s broader strategy to stabilize food prices and enhance national food security.




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Access Bank, FG Partner to Provide N50bn Funding for MSMEs



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Access Bank has said that it will be working with the Office of the Vice President to provide N50 billion as soft loans and grants to four million Micro, Small and Medium Enterprises (MSMEs), in the country.

Chioma Ogwo, Head, Emerging Businesses at Access Bank Plc, disclosed this at the Inaugural Job Creation and MSME Quarterly Communications Forum in Abuja on Thursday.

Ogwo said the initiative was aimed at empowering businesses in Nigeria, by building their capacities and providing them with financial support.

According to her, 4 million MSMEs are expected to be empowered every year for four years, with 70,000 having access to finance while 300,000 will receive training.

She also mentioned that as part of the initiative, selected SMEs will have the chance to travel overseas and observe how businesses operate in other nations through its Business Exchange Programme.

Ogwo said: “So, this initiative, called the Youth Thrive by Access, is focused on MSMEs and we are looking at empowering them. There are different ways in which we are going to empower them. We are going to empower them by building their capacity and giving them access to affordable finance.

“We are going to build their capacities in different ways. There is going to be digital, technical, and also, skill acquisition training. With regards to finance, we are going to be giving them loans, and we are also going to be giving them grants.

“The grants are free. They are not paying us back. But, we are only giving grants to deserving SMEs who have done very well and there are price ranges for different categories.

“So, we have earmarked 50 billion for this intervention. For the first year, we will look at it and then will would review it”

While praising Access Bank for the initiative, Mr. Temitola Adekunle-Johnson, Senior Special Assistant to the President on Job Creation and MSMEs, Office of the Vice-President, stated that the objective was to remove obstacles to MSMEs’ loan access and to secure lower interest rates for them.

Johnson added that after evaluating the initiative’s effectiveness, the federal government would then consider whether to expand the funding.

According to him, “What we are trying to achieve is to be able to guarantee seamless and easy access to funding for the SMEs. We want businesses to be able to apply for funding and be sure that in the worst case, in 14 days, you have the funds that you need for your business.

“We do not want businesses to apply for loans and be waiting for disbursement in six weeks. Some of these businesses can fold up within those months. So, what we want, and what they have promised us, which we know they have the capacity to deliver on, is that this disbursements will be quick after the loan assessments are processed, so that we will help reduce the bottlenecks of MSMEs running from pillar to looking for funding.”

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MoneyMaster PSB Records Increase in Customer Base



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MoneyMaster Payment Service Bank, promoted and backed by digital services company Globacom has continued to witness tremendous increase in its customer base since it commenced operations.

The PSB which launched commercial operations in May 2022 in order to deepen financial inclusion in Nigeria is focused on the unbanked and under-banked in the country.

The number of customers has been on increase with majority of them attracted by the bank’s digital channels such as USSD, mobile app and internet banking which allow them to open accounts, buy airtime and data, pay utility bills and perform other services hitch free.

The PSB has also embarked several innovations, with new services introduced in recent times for the benefit of its customers across the country.

These developments, industry sources said propelled Nigerians to join the bank in order to enjoy series of top – notch financial services and also conduct their banking transactions assurance promptly.

The sources disclosed further that “There are currently over 4,000 billers on the MMPSB platform and that the number is growing on a daily basis.

“Through the platform, customers are able to pay for many essential services such as airtime, data, electricity, cable subscription, etc”.

The PSB is also retooling and reengineering its operation with several new initiatives to be unveiled soon for better customer experience, thus assuring them of exciting times ahead.

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