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Emergency rule: Reps summons Service chiefs

13 November 2013, 19:59

Abuja - The House of Representatives summoned the Service Chiefs to brief the House on Thursday at plenary on the current security situation in Adamawa, Borno and Yobe.

The resolution emanated from a motion moved by Rep. Mulikat Akande-Adeola, the majority leader, which was unanimously adopted without debate.

The legislator said that President Jonathan, in a letter to the House on November 12, provided a detailed report by the Chief of Army Staff on the current security situation in the affected states.

She said that it was pertinent for the service chiefs to brief the House on the current security situation in the states.
This she added became necessary in view of the efforts made by security personnel deployed to the affected states,

Meanwhile, the House has mandated the Committees on Commerce and Justice to investigate the propriety or otherwise, for the appointment of foreign institutions to manage the Nigerian Sovereign Wealth Fund (NSWF).

The committees are to report back to the House within two weeks.The resolution was sequel to a motion moved by the Minority leader, Rep. Femi Gbajabiamila which was adopted.

Three foreign institutions: Goldman Sachs, UBS and Credit Swiss, has been appointed to manage the fund.

According to Gbajabiamila, if the decision is not reversed, it will go a long way to empower foreign institutions against their Nigerian counterparts.

He said that the decision would further entrust the country's economic sovereignty and security into the hands of foreigners.

The legislator said that the inauguration of the governing council of the fund cast doubt as to the transparency of the process that led to the appointment of the members of the council.

Betty Apiafi and Uzor Azubuike, who spoke against the motion, however, said that the arrangement did not pose any danger to Nigeria’s economy.  

-  NAN


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