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Reps Committee summons NSIA, 11 subsidiary, Investment firms over affordable Housing projects

The House of Representatives Committee on Public Accounts has mmoned the Managing Director of Nigeria Sovereign Investment Authority (NSIA) and heads of 11 affiliate companies over the management of public resources for the provision of affordable/social homes for the low-income earners in Nigeria.

The invitation was sent via a letter with Reference No: HR/PAC/SCOS/9NASS/QUE.64/56 dated 30th November, 2022 and signed by the Chairman of the Committee, Hon Busayo Oluwole Oke.

According to Hon Oke, the fresh invitation was aimed at revisiting the Auditor General for the Federation’s Annual Report on the management of resources for the provision of affordable/social homes in Nigeria by Family Homes Fund Limited.
The letter reads: “I refer to our letter Ref. No. HR/PAC/SCO5/9NASS/QUE.62/84 dated 18th November, 2022 inviting you to appear before the Committee on Friday 25h November, 2022 on the above subject matter. In view of the above, the Committee is in receipt of your correspondence with Ref. No. NSIA/NAS/HCPA/022/01 dated November 25, 2022 and resolved to request for a soft copy and 15 hard copies of a written brief on each of the following subsidiaries and Investment Companies of NSIA to enable the Committee carry-out its Legislative mandate.
The 11 organisations summoned by the Committee are: NSIA Motorways investment company; FGF Private Equity Co. Limited; FGF PE Beta Limited; FGF Investment Limited; NSIA Property Investment company Ltd; NSIA power investment company Ltd; NSIA Agriculture Investment company Ltd; LUTH Advanced Medical Service Ltd; FMCU Advanced Medical Diagnostic Ltd; AKTH Advanced Medical Diagnostic Limited and NSIA Healthcare Development and Investment Company Ltd.
“A new date has been fixed for your appearance. You are to cause appearance before the Committee on Monday 12th December, 2022 at 11:00am,” Hon. Oluwole Oke said in the letter.
The Committee during the investigative hearing also requested for relevant approvals from the Minister of Finance, Budget and National Planning, Dr. Zainab Ahmed authorizing NSIA to grant loan of N1.5 billion to Family Homes on interest free basis.
According to the audit report, the total capital funding of Family Homes between 2018 and 2020 stands at N65 billion was paid by Federal Ministry of Finance, Budget and National Planning, representing 13 percent of N500 billion seed capital promised by the Federal Government for provision of affordable homes for low-income earners in the country.
In the same vein, the sum of N1.500 billion as a take-off credit grant from Nigeria Sovereign Investment Authority (NSIA) in 2017.
The report further showed that during project inspection visits in Delta, Kaduna, Kano, Nasarawa and Ogun States that FHFL proposed to build 3,289 legacy homes, only 2,107 homes were completed, out of which only 675 homes were sold, representing 32% 0f the total completed as at 31st December, 2020.
While noting that the company awarded contract prices were higher than the capped cost limit, there were discrepancies in the cost of the houses.
According to the audit report, a total sum of N3,230,403,000 was generated internally by Family Homes from sales of homes, income from investment, among others between 2017 and 2020. The internally generated incomes were plough back to capital for provision of more homes.
Audit review of the Project Status Report revealed that FHFL proposed to build 3,289 legacy homes in Delta, Kaduna, Kano, Nasarawa and Ogun States between year 2018 to 2020. However, the report and projects.
The Inspection team however observed that only 2,107 homes were completed as at 31st December,2020 were sold instead of the 70% stated in section 3.1.4(1) of the FHFL Operational plan 2020. A total of 1,432 homes completed representing 68% remained unsold.
Audit further observed that out of N16,983,308,000 projected to be recouped from the completed homes, only N6,059,268,000 had so far been recouped, leaving outstanding sum of N10,924,040,000 due to the company’s inability to sell the remaining 1,432 completed homes as at 31st December, 2020.

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Jungle Justice and the collapse of Law in Nigeria
By Sunday James

The gruesome killing of 16 innocent northern hunters in Uromi, Edo State, over false accusations of kidnapping is yet another damning indictment of the failure of law and order in Nigeria.

Time and again, innocent lives have been lost to the mindless brutality of mob justice, a savage and inexcusable act that has become far too common across the country.
This is not an isolated incident. Nigeria has witnessed several tragic cases of jungle justice where angry mobs, fueled by misinformation and misplaced aggression, have taken the law into their own hands.
The Aluu Four incident in 2012, where four young university students in Rivers State were falsely accused of robbery, beaten, and burned to death in a horrific public spectacle, remains one of the most chilling examples.
In 2022, Deborah Samuel, a young student in Sokoto State, was lynched by fellow students over alleged blasphemy, an incident that sparked outrage but yielded little justice. In Lagos, several suspected petty thieves were set ablaze by mobs in broad daylight without any fair trial.
Across the country, from Anambra to Kano, Port Harcourt to Abuja, numerous cases of public executions by mobs continue to surface, often with little to no legal consequences for perpetrators.
The rise of mob justice is fueled by a cocktail of systemic failures that have left Nigerians disillusioned with formal justice mechanisms.
The breakdown of law and order, where the Nigerian police fail to deliver swift and transparent justice, has led to public distrust, encouraging citizens to take matters into their own hands. Rising insecurity, including the surge in kidnappings, banditry, and violent crimes, has left many communities in perpetual fear, triggering knee-jerk reactions to perceived threats. Ethnic and religious tensions have also played a major role, with deep-seated biases making certain groups more vulnerable to targeted attacks.
The proliferation of unregulated local vigilante groups and security outfits has further emboldened extrajudicial actions against innocent civilians. Additionally, the slow pace of criminal trials and the failure to punish perpetrators of jungle justice have normalized impunity.The Edo killings, like many before them, must not be swept under the rug.
The government must ensure immediate arrest, prosecution, and conviction of all those involved in this heinous act. Strengthening law enforcement agencies to curb vigilante excesses and restore public trust is paramount.
There must be massive public enlightenment campaigns to educate citizens on legal redress rather than mob action. Strict penalties must be enforced against communities and groups involved in jungle justice to deter future occurrences.The Nigerian government must wake up to its responsibility of protecting lives and ensuring justice for all.
If mob justice continues unchecked, no one is truly safe. This latest atrocity in Edo should be the final warning: justice delayed is justice denied. The killers must be held accountable, and a nationwide crackdown on jungle justice must begin immediately. Enough is enough. The rule of law must prevail.

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Ganduje congratulates Muslim Ummah on the occasion of Eid-el-fitr

The National Chairman of the All Progressives Congress (APC), Dr. Abdullahi Umar Ganduje, has congratulated the Muslim Ummah across the country on the occasion of Eid-el-Fitr.

The celebration marks the successful completion of the holy month of Ramadan.

In a message signed by his Chief Press Secretary, Edwin Olofu, Ganduje rejoiced with Muslims for the spiritual renewal and discipline attained during the sacred month of fasting, prayer and devotion to Almighty Allah.
He urged the faithful to uphold the virtues of piety, selflessness, and compassion that Ramadan represents while also extending love and kindness to one another, especially to the less privileged in society.
The APC National Chairman further called on Muslims and all citizens to remain steadfast in promoting unity, peace, and national progress in the country.
He emphasized that the lessons of Ramadan—patience, sacrifice, and perseverance—are essential in fostering harmony and strengthening the nation’s democratic institutions.
The two-term Kano State Governor also urged the Muslim Ummah and Nigerians to pray for President Bola Ahmed Tinubu to succeed in his efforts to lift the country from economic doldrums and resolve lingering security challenges.
He assured Nigerians of the APC-led government’s commitment to improving the welfare and well-being of all citizens, noting that Nigerians will not regret voting for President Tinubu after his first tenure.

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Abia: LG Chairman, Iheke accused of using soldiers to detain IRS agent, claims Governor Otti’s support
The Chairman of Aba North Local Government Council, Hon. Timothy Kalu Iheke has been accused of excesses and high-handedness in revenue collection at the popular Ariaria International Market.

In a statement issued on Monday by Ariaria Stakeholders Forum and signed by its Chairman, Chief Emmanuel Chukwudi and Secretary, Chief Boniface Kalu on Sunday, the Forum lamented the excesses of the Local Government where he used the soldiers to detain the Managing Director of Star Nkey Ventures, Mr Benedict Elias who is a law abiding citizen.

The statement made available to CAPITAL POST pointed out that Mr Elias was duely appointed as agent to Abia Stat3 Board of Internal Revenue Service (ABIRS), hence, he wasn’t carrying out illegality.
The LG however claimed to have the backing of Governor Alex Otti, but further findings revealed that the Governor would never support illegality to the extent that a law abiding citizen was arrested and detained.
A source told CAPITAL POST in Umuahia that Governor Otti believes in the rule of law and will not support any intimidation whatsoever.
Partof the statement read: “The attention of Ariaria Stakeholders Forum (ASF) have been formally drawn to the unlawful and improper action taken by the Local Government Chairman of Aba North Local Government, Mr Timothy Kalu Iheke who used soldiers to illegally arrest and detain the Managing Director of Star Nkey Ventures Nig, Mr Benedict Elias, a duely appointed Revenue Agent of Abia State Board of Internal Revenue Service (BIRS), regarding the revenue collection at Ariaria International Market, Aba, Abia State.
“The Local Government Chairman of Aba North, Mr Timothy Iheke had attempted to unlawfully assume control over the revenue collection operations at the Ariaria Market, which is under the jurisdiction and authority of the Abia State Government wherein the Abia State Board of Internal Revenue Service (BIRS) is saddled with the responsibility of revenue collection in the said market.
“The Local Government Chairman has no legal authority to interfere with or take control of the revenue collection process that falls under the remit of the State Government market.
“However, despite this, the LG Chairman Mr Iheke had unlawfully and wrongfully used soldiers who before now have been banned by the appreciate authorities from engaging in such illicit activities to unlawfully arrest without any warrant of arrest and illegally detain Mr. Benedict Elias without any detention order at Central Police Station (CPS) Umuahia for two days over false and baseless allegations.
“Mr Benedict Elias the Managing Director of Star Nkey Ventures Nig. a duly appointed and authorized Revenue Agent of the Abia State Board of Internal Revenue Service was falsely accused of impersonation and of being a fake revenue agent, charges that are entirely unfounded and baseless.
“We would like to emphasize that Mr. Benedict Elias was legally and duely appointed on 13 September 2024 to 31 January 2025 by the Abia State Board of Internal Revenue Service, BIRS, and was fully authorized to carry out revenue collection and enforcement duties at the Ariaria market which he stopped collection of any revenue at the expiration of the said contract with the state government.
“His appointment letter and identification as a state revenue agent, were in full compliance with the law and can be verified by the relevant authorities.
“The actions taken by the Local Government Chairman Mr Iheke and his unauthorized use of soldiers to arrest a legitimate state revenue agent are highly concerning and represent an overstep of authority.
“This interference not only disrupts the lawful revenue collection process but also undermines the authority of the State Executive Governor, Dr Alex Chioma Otti on which Abia State Board of Internal Revenue Service is working for.
“The Board Chairman of BIRS had on many occasions warned Mr Timothy iheke to desist from harassing a Mr Benedict Elias and his team who are bonafide Abia State revenue agent in Ariaria market which is state owned but Iheke blatantly refused but rather threatened to deal with the Board Chairman for telling him to desist from working against the interest of the state government.
“As Stakeholders of Ariaria International Market which most of our members have been doing business in the market for over 40 years, we know Mr. Benedict Elias and he has never been involved in any form of illegality or any questionable acts. He is a man of integrity and uprightness.
“We respectfully request that an immediate investigation be initiated into the actions of the Local Government Chairman, Mr Timothy Iheke, and the use of soldiers in this unlawful arrest. Additionally, we ask that Mr. Benedict’s name be cleared and any wrongful actions against him be rectified.
“The relevant authorities at the Abia State Board of Internal Revenue Service should be consulted to verify Mr. Benedict’s legitimate position and the legal framework governing revenue collection at the Ariaria market.
“We trust that a thorough investigation will be conducted and appropriate action taken to ensure that the Aba North Chairman, Mr Timothy Iheke is brought to book to account for the use of soldiers on an unarmed and law-abiding civilian Mr Benedict Elias.”

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