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N500 billion uneven disbursement fund: Senate threatens warrant of arrest on SMEDAN DG, others for ignoring invitation

The Director General of Micro, Small and Medium Enterprises (SMEDAN) and other head of agencies being probed for uneven disbursement of N500 billion who snubbed Senate Committee invitation risked warrant of arrest by the Senate Ad-hoc Committee.

Earlier, the Chairman of Committee on Uneven Disbursement of N500 billion, Senator Sani Musa has summoned all the affected agencies including the Central Bank of Nigeria (CBN), but the SMEDAN DG, the CBN, BOI and others failed to appear on Wednesday.

The fund which was channeled through Development Bank of Nigeria (DBN), in a motion which was sponsored by Senator Ali Ndume representing Borno South Senatorial District was unevenly distributed among the six geographical location of the country.
The warrant of.arrest threat was announced by the Chairman of the Committee, Senator Sani Musa stated while briefing journalists in Abuja.
The lawmaker vowed to arrest the Managing Director of the Bank of Industry, the Managing Director of Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), and the Director General of Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), if they fail to appear before the Committee on the next adjourned date.
According to him, became imperative when the five agencies were conspicuously absent at the investigative hearing today on the alleged uneven disbursement of the N500 billion development fund without any former communication which is not acceptable.
Musa wondered if the hands of agencies running away from the Committee probe were clean, if their conducts are anything to go by.
He expressed the disappointment of the Committee that out of the eight relevant government agencies needed for the investigation, five were invited to appear before the committee at the Wednesday session, said, “Out of these five, only two came while the remaining three which are the CBN, BOI and NIRSAL, were conspicuously absent without any letter from them explaining why.
The assignment before the committee, he said, is a very important one, requiring cooperation and compliance from all those linked to issues at hand.
Managing Director of DBN and his counterpart from the Bank of Agriculture are here for required clarifications and explanations, making it mandatory for the CBN Governor, Managing Director of Bank Of Industry and Director General of NISRAL to appear before the Committee in subsequent sessions or risk being coerced through the issuance of a warrant of arrest.
He says, the Ministers of Finance, Zainab Ahmed, Trade and Investment, Niyi Adebayo and Humanitarian Affairs, Sadiya Umar Farouq, will appear before the committee on Thursday this week for submissions on roles played in the alleged uneven disbursement of funds.
Responding, the Managing Director of DBN, Tony Okpanachi who denied deliberate lopsidedness in the disbursement of the fund, said that laid down procedure set by CBN were used for fund disbursement, adding, “Our lending has procedure and they are the same with the Central Bank of Nigeria.
According to him, for a business to qualify for the DBN loan, it must have less than 250 employees and must not have done a turnover of more than N1.1 billion, said, “We do a risk assessment of the participating financial institutions (PFIs) before they begin to lend to businesses. We don’t want to give out money and the money fritters away. So we track the end users of the loans yearly.
He says, the location of the registered MSMEs in Nigeria also explained the reason for the loan’s disbursement, adding that out of the registered MSMEs across Nigeria, Lagos alone has 25%, Southwest 23%, sought south 18%, Southeast 10%, North central 10%, Northwest 9%, FCT 4% and Northeast 2%.
The DBN boss who informed the committee that DBN has asked participating financial institutions to build the capacity of small-scale businesses, and train them on how to structure their businesses for them to be able to access the loans, said, “For DBN, it’s a continuous process to get more businesses on board.

News
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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