TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Saraki faults EFCC for poor handling of Ikoyi Towers cash saga

The Citizen by The Citizen
April 19 2017
in Governance
A A
0
Saraki faults EFCC for poor handling of Ikoyi Towers cash saga

Senate President Bukola Saraki has said that the controversy surrounding the recovery of N13.3 billion ($43.3 million) from an apartment in Ikoyi, Lagos, by the Economic and Financial Crimes Commission (EFCC) has been poorly managed by the anti-graft agency and the parties involved.

He also said the EFCC has a responsibility to tell Nigerians who the money belongs to, as it had become embarrassing that up till now there was no clarity on the ownership of the money.

Saraki’s remarks on the cash discovery were made last night on Arise News Night, a current affairs programme on Arise News Network, a THISDAY sister broadcast station, just as it was gathered that the EFCC has obtained a warrant from a court to search all the apartments in Osborne Towers where the cash was discovered.

The Senate President said what was presently going on was not good for the image of the country, and the National Assembly, as a last resort, might step in if the parties involved are unable to resolve it and tell Nigerians what is going on.
“I believe this is something simple that the organisation (EFCC) should manage, even before the speculation started coming out. The circus has to come to end as to whether it belongs to individuals, companies, agencies or a state government.

“We, however, believe they will sort it out and eventually tell Nigerians who owns the money. Nigerians deserve to know. The circus must stop,” he said.
He said Nigerians should not see the anti-corruption campaign of the present administration as the fight of President Muhammadu Buhari, but should be seen as a Nigerian fight, as it can only be won when viewed as an institutional issue rather than a personal one.

“I believe progress will be made faster if the process is transparent. Those are ways to strengthen institutions. When the process is transparent up to the investigative stage, people will not believe that it is because of this person that so, so, person is being prosecuted.

“Corrupt people are very patient, but with a transparent process, the fight against corruption will be won.
“On our part, we are doing all it takes to strengthen institutions. We have four bills before us, one is with the Constitution Amendment Committee, one has been taken back by the executive,” he said.

When asked if it was a failure of law enforcement that the EFCC did not monitor the Ikoyi apartment, Saraki said: “I would rather not comment and prejudge them because they might come before us.
“But clearly, Nigerians must know, to save us this embarrassment. I believe they should come out and tell us who owns the money. I believe an agency like this should monitor and clear this mess.”

Also speaking on the face-off between the executive and the National Assembly, Saraki said he has often explained that the relationship between the two arms of government was cordial, and was far better than it was in 2016.
“What we have now is very cordial. If you look at the confirmation of nominations from the executive, we have cleared over 90 per cent. If you look at the national budget, the process is much better than in 2016. In a few weeks, we will be done with the process.

“I think people just sensationalise situations. The fact that one person’s nomination was rejected does not mean there is controversy between the executive and the House.
“We don’t define democracy based on individuals. We follow processes, and that is exactly what we have done. By virtue of our presidential system of checks and balances, there is bound to be one off frictions. That is what democracy is all about,” he added.
When the Arise anchor, Charles Aniagolu, reminded him that the executive recently set up a reconciliatory committee to look into the frosty relationship between the Senate and the executive, Saraki said he was not aware of any committee, as there was no need for it.

“But I don’t think that the committee was set up because we rejected one person. There are many nominees we have rejected, and been re-presented or replaced.
“But we can’t define our democracy based on individuals. There is a process; the process is transparent. The president sent a name and the nominee has been rejected. That is it, we’ve played our own part; and I don’t think the executive is basing the relationship on the rejection of one nominee.

“I’m not aware of the committee, I think it was announced after a cabinet meeting, but since then that has not happened.
“May be on second thoughts, I think the question to ask is, is the committee really necessary? Besides, when the relationship was not as good as this, when we had major issues such as the budget (last year), we didn’t have a committee.

“So this can’t define the relationship between the executive and the Senate based on one nominee, because we are addressing more important issues.
“Also, I think the word face-off is very strong to use, because of the rejection of one nominee, I think there are one or two issues there but they can’t define the relationship,” he stressed.
On why it was taking the National Assembly long to pass the 2017 budget given that the lifespan of the 2016 budget will end on May 5th, the Senate President said he was glad that there was significant improvement in the way the legislature and executive had worked together on the budget.

“I am very sure that by the time we come back from our break on April 25th, the budget will be passed. That is the time we have in place. We are checking with various committees to see that everything is in order.
“Most of the agencies have defended their budgets, so what all the committees are doing is compiling all the reports. The plan is that when we come back on the 25th (of April), that week we should go into the final consideration of the budget.

“What the Appropriation Committees are doing is to just check that the committees have done their work properly. What we are presently doing is just the house keeping part that it going on,” he explained.
Saraki also spoke on the National Assembly’s budget, stating that it was distinct from the federal budget.
“On the National Assembly budget, we hope to change the way it’s been perceived, because in the past, not much was known about the National Assembly budget.
“But when I came in, I said we were going to change that and make it transparent. We hoped that we could have done it in 2016, but in 2015, unfortunately, we did not settle down as a united Senate as quickly as we could.
“But now that everything is fine, the National Assembly’s budget will be transparent. Nigerians will know what every member receives.

“By the time the budget is passed in the next few weeks, we will make it public and it will be to our advantage, because we hear statements like National Assembly members are the highest paid, because what people do is to take the budget and divide it by 469 members and arrive at our salaries.
“But by the time we present the budget and by the time people see what goes to salaries of aides, what goes to capital, what goes to management, what goes to running costs, and what goes to actual salaries of legislators, the commentary will stop after they see the breakdown,” he said.

However, when Saraki was reminded that there is the widespread perception that Nigerian legislators collect humongous salaries estimated at $189,000 per annum, which is 116 times above Nigeria’s GDP per capita, he dismissed the notion, stating: “Those figures like I explained are arrived at when they have taken the bulk budget of N115 billion and divided it by 469 members and come with a figure of $189,000 per annum.
“When we release the detailed budget, you will see what is the salary, you will see what is allowances, you will see what is the cost of running the offices, you will see what is management, you will see the cost of legislative studies, you will see the cost of the capital budget.

“So you will now be able to actually know how much a legislator earns and how much he is even paid to run his office, which he has to retire. But because over the years, it has never been made public, people have concluded that legislators earn a lot more and they are not going to make it public.
“Then again, if you look at other countries like the UK or US, in the US, a senator gets close to $1 million to $2 million to run his office, but nobody adds that to his salary. But because we have not broken down our budget, this has caused the misrepresentation.”
He also explained that the allowances of legislators are determined by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC). – Thisday.

 

Previous Post

Life expectancy in Nigeria now 53.1 years – UN

Next Post

Lagos set to execute Rev King, others on death row

Related Posts

Senate orders arrest of terrorists flaunting cash on social media
Financial Crimes

Senate orders arrest of terrorists flaunting cash on social media

June 11 2026
BREAKING: FG bans ‘Dr’ prefix for honorary degree holders, flags fraud
Governance

FG approves guidelines to regulate honorary doctorate awards

June 11 2026
Tinubu swears in four Permanent Secretaries, INEC commissioner
Governance

Tinubu vows end to culture of abandoned projects

June 11 2026
Reps move to stop Army policy retiring SSCC, DSSC officers early
Governance

Reps move to stop Army policy retiring SSCC, DSSC officers early

June 10 2026
Nigeria’s foreign debt to hit $72.6bn in 2027
Governance

Nigeria’s foreign debt to hit $72.6bn in 2027

June 10 2026
Insecurity: Reps query defence spending, summon NSA, ministers
Governance

Insecurity: Reps query defence spending, summon NSA, ministers

June 10 2026
Next Post
Nigerian in police net for alleged robbery of four New York banks

Nigerian in police net for alleged robbery of four New York banks

Abuja airport reopens for operations

Abuja airport reopens for operations

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Court grants indigenous status to Hausas born in Jos North

Court grants indigenous status to Hausas born in Jos North

by The Editor
June 11 2026
0

...

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

by The Editor
June 11 2026
0

...

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

His Royal Majesty, Obi Ifechukwude Okonjo II: Progressive Monarch fighting for his people

by The Editor
June 4 2026
0

...

Ondo LG shuts schools over security concerns

Ondo LG shuts schools over security concerns

by The Editor
June 2 2026
0

...

APPOINTMENTS

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

by The Editor
June 11 2026
0

...

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

NCC appoints Princess Oforitsenere Emiko as interim Chairman of the Digital Bridge Institute Governing Board

by The Editor
June 9 2026
0

...

Pres. Tinubu swears in two new ministers

Pres. Tinubu swears in two new ministers

by The Editor
June 8 2026
0

...

Tinubu appoints Zainab Marwa into NDDC Board

Tinubu appoints Zainab Marwa into NDDC Board

by The Editor
June 4 2026
0

...

ODDITIES

Bus driver stabs transport officer to death in Calabar

Lady lures friend for boyfriend to kill, harvests body parts

by The Editor
June 9 2026
0

Oyo residents chant ‘Jagaban 2027’ slogan after receiving semovita

Oyo residents chant ‘Jagaban 2027’ slogan after receiving semovita

by The Editor
June 9 2026
0

Ibadan visitation: Nobody can stop me from going anywhere in Nigeria – Sheikh Gumi

Ibadan visitation: Nobody can stop me from going anywhere in Nigeria – Sheikh Gumi

by The Editor
June 9 2026
0

GLOBAL NEWS

Iran vows devastating response to Trump’s threat of seizing Kharg Island

Iran vows devastating response to Trump’s threat of seizing Kharg Island

by The Editor
June 11 2026
0

...

UK Defence Minister resigns with stinging rebuke of PM Starmer

UK Defence Minister resigns with stinging rebuke of PM Starmer

by The Editor
June 11 2026
0

...

Iran strikes 18 US military targets in two missile waves, Fifth Fleet in Bahrain hit by drones

Iran strikes 18 US military targets in two missile waves, Fifth Fleet in Bahrain hit by drones

by The Editor
June 11 2026
0

...

Greece to ban social media for under-15-year-olds

Canada moves to ban under-16s from social media

by The Editor
June 11 2026
0

...

UK Police hunt Nigerian man after prison escape

UK Police hunt Nigerian man after prison escape

by The Editor
June 10 2026
0

...

State of the States

Fubara orders fresh LG elections in Rivers State

Rivers State to shut down unapproved private schools

by The Editor
June 11 2026
0

...

Akwa Ibom Assembly passes motion to regulate dispatch services

Akwa Ibom Assembly passes motion to regulate dispatch services

by The Editor
June 10 2026
0

...

Kano screens 720 out of 3,000 couples for mass wedding

Kano screens 720 out of 3,000 couples for mass wedding

by The Editor
June 10 2026
0

...

Gov. Uzodimma declares Imo as haven for local, foreign investors

Gov. Uzodimma declares Imo as haven for local, foreign investors

by The Editor
June 9 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
State Police Bill passes second reading at Senate

State Police Bill passes second reading at Senate

June 11 2026
UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

UK Prime Minister picks ex-army officer Dan Jarvis as new defence ministe

June 11 2026
Pres. Tinubu swears in two new ministers

Pres. Tinubu to address Nigerians on Democracy Day

June 11 2026
Iran vows devastating response to Trump’s threat of seizing Kharg Island

Iran vows devastating response to Trump’s threat of seizing Kharg Island

June 11 2026

EDITORIAL REVIEW

The reign of kidnappers – Thisday

The reign of kidnappers – Thisday

by The Editor
June 11 2026
0

Foreigners looting national assets intolerable – Punch

Foreigners looting national assets intolerable – Punch

by The Editor
June 10 2026
0

Violence deepens, Tinubu must act – Punch

by The Editor
June 9 2026
0

Nigerian workers deserve a living wage – Punch

Nigerian workers deserve a living wage – Punch

by The Editor
June 8 2026
0

Gospel Kinanee’s 18-year ordeal: Fix this broken justice system – Punch

Gospel Kinanee’s 18-year ordeal: Fix this broken justice system – Punch

by The Editor
June 7 2026
0

Opinion

Bandits attack mosque, kill 1, abduct 9 in Kaduna

When terrorism becomes the talk of town

by The Editor
June 9 2026
0

...

Of bandits and their informants/sponsors

Of bandits and their informants/sponsors

by The Editor
June 1 2026
0

...

Nigeria at critical juncture – Vanguard

Nigerian economy: The street is not smiling!

by The Editor
June 1 2026
0

...

Tinubu sticking to anti-masses policy, says Afenifere

As criminals seize Nigerian babies

by The Editor
May 31 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.