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Change of govt: Senate throws out Water Resources Bill

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Barely one week and two days after former Lagos state governors, Asiwaju Bola Ahmed Tinubu, GCFR, took over as President of Nigeria, the Senate Tuesday, threw away the controversial Water Resources Bill.

The bill was lined up for concurrence in the order paper but was rejected by the majority of the senators.

There had been confrontation on the Bill between leaders from the South and others from the North over the Bill which some say was designed to annex water ways by the federal government and deny local communities the right to their natural endowments.

When the bill was read for concurrence on the floor of the Senate, Senator Gabriel Suswan from Benue North West, raised Order 85 of the Senate Rules which provides that Senators must have full details of the provisions of any bill coming for concurrence.

Senator James Manager from Delta South, who seconded Senator Suswan’s point of order, also stressed the need to have details of the bill since provision was made for only the title of bill.

The Senate President Ahmad Lawan, who later ruled in favour of the rule cited, adjourned the plenary for the day.

On its part, the House of Representatives had passed the bill in 2020 amidst suspicion by members and the general public that the proposal had sinister motives.

Before the passage, the chairman of the House Committee on Water Resources, Sada Soli, said the former Minister of Justice and Attorney-General of the Federation, Abubakar Malami (SAN), as well as commissioners for justice and attorneys-general of the 36 states of the federation had been consulted and the opinions received would be attached to the bill and distributed to all members.

Also some groups, mainly from the South subsequently raised the alarm when the bill was to be taken for the first reading.

Former President, Muhammadu Buhari, had in 2017 presented the controversial bill to both chambers of the National Assembly, which seeks to transfer the control of water resources from the states to the federal government.

The legislation was titled, “A Bill for An Act to Establish a Regulatory Framework for the Water Resources Sector in Nigeria, Provide for the Equitable and Sustainable Redevelopment, Management, Use and Conservation of Nigeria’s Surface Water and Groundwater Resources and for Related Matters.”

The summary of the bill reads, “This Act repeals the Water Resources Act, Cap W2 LFN 2004; River Basin Development Act Cap R9 LFN 2004; Nigeria Hydrological Services Agency (Establishment) Act, Cap N110A, LFN,2004; National Water Resources Institute Act Cap N83 LFN 2004; and establishes the National Council on Water Resources, Nigeria Water Resources Regulatory Commission, River Basin Development Authorities, Nigeria Hydrological Services Agency, and the National Water Resources Institute.”

The proposed bodies, if established, will “provide for the regulation, equitable and sustainable development, management, use and conservation of Nigeria’s surface water and groundwater resources.”

The 8th House passed the bill but the controversy had frustrated passage of the bill by the Senate, as the Red Chamber on May 24, 2018, considered the executive bill for second reading, during which senators were divided across regional lines.

While Northern Senators had supported the proposal and its objectives, their Southern counterparts had opposed it.

Those opposed to the bill had pointed out that if passed into law, it would further centralise power and resources of the country. This, they pointed out, would counter the move towards devolution of power domiciled with the federal government.

 

 

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FCT Minister sacks Revenue Service boss

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Myesom Wike, the Minister of the Federal Capital Territory, FCT, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, FCT-IRS, Mr Michael Ango, of his duties.

The announcement was contained in a statement late Friday by the minister’s Senior Special Assistant on Public Communications and Social Media, Lere Olayinka.

The statement added that the decision takes immediate effect.

Olayinka said the minister directed the most senior official of the FCT-IRS to immediately assume leadership of the agency

“The Minister of the Federal Capital Territory, Nyesom Wike, has sacked the Acting Executive Chairman of the Federal Capital Territory Internal Revenue Service, Mr Michael Ango,” he stated.

He added that “the most senior official of the FCT-IRS has been directed to take over the running of the revenue agency with immediate effect.”

The statement did not provide reasons for the removal.

 

 

 

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Speaker, 14 other River State assembly members decamp to APC

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15 members of the Rivers State House of Assembly, led by Speaker Martin Amaewhule, have left the Peoples Democratic Party, PDP, for the All Progressives Congress, APC.

Amaewhule disclosed the lawmakers’ decision during Friday’s plenary, attributing their defection to what he called a “clear division” within the PDP.

“Distinguished colleagues, very happily, let me announce that your Speaker has decided, and has indeed written to my ward chairman of my decision, to leave the PDP. APC is my new party,” Amaewhule said.

Amaewhule’s Deputy, Dumle Maol, is one of the 16 lawmakers that joined APC as well.

All the lawmakers, who have jumped ship, are core loyalists of the Minister of the Federal Capital Territory, FCT, Chief Nyesom Wike.

 

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CBN rolls out new directives to track financial fraud

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The Central Bank of Nigeria,has rolled out a new framework ito expedite handling of fraud accusations and refund victims.

Customers must report suspected fraudulent transactions within 72 hours under this draft guideline, and financial institutions have 16 working days to look into the matter and repay money.

The action comes in the wake of a dramatic increase in banking sector fraud.

According to data from the Financial Institutions Training Center, losses in the first quarter of 2025 increased to ₦3.29 billion, a startling 603 percent increase over the previous year. In the same time frame, reported cases also increased to 12,347.

The November 26, 2025, proposed regulations seek to improve bank accountability, expedite reimbursements, and boost prevention.

Director of the Financial Policy and Regulation Department Rita Sike signed the circular, which describes stricter regulations intended to prevent fraud before it occurs.

The apex bank’s ongoing fight against financial fraud has advanced with the adoption of this guidance. To enhance cooperation between operators, it established the Nigeria Electronic Fraud Forum in 2011.

It directed banks to establish specialized fraud bureaus four years later. By requiring BVN or NIN for account opening, it reinforced Know Your Customer checks in 2023.

 

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