Saraki writes Obasanjo, vow to cut excess expenditure, fight corruption in the house

Hamilton Nwosa
Writer

Ad

Tesla sales tumble 40% in Europe as BYD surges past rival

By Obinna Uballa Tesla’s grip on the European electric vehicle market continued to loosen in July, with sales plunging 40% year-on-year even as Chinese challenger BYD posted explosive growth, according to data from the European Automobile Manufacturers Association (ACEA) on Thursday. New car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according…

Tinubu Returns to Abuja, Says Foreign Engagements ‘ll Enhance Nigeria’s Economic Growth

By Abiola Olawale President Bola Ahmed Tinubu returned to Abuja on Thursday, August 28, 2025, following a state visit to Brazil and an earlier visit to Japan. Shortly after his return, Tinubu stated that his international engagements are focused on fostering economic growth, job creation, and long-term prosperity for Nigerians. In a statement shared on…

Access HoldCo Names Innocent Ike CEO as Aig-Imoukhuede tightens grip after Wigwe’s death

By Obinna Uballa Access Holdings Plc has confirmed the appointment of Mr. Innocent Ike as its substantive Group Managing Director and Chief Executive Officer (GMD/CEO), effective August 29, 2025, following approval from the Central Bank of Nigeria (CBN). The announcement comes less than 24 hours after Roosevelt Ogbonna, the Managing Director of Access Bank, resigned…

Ad

The President of the Nigerian Senate, Bukola Saraki, has formally replied a letter ex-President Olusegun Obasanjo wrote to the National Assembly on January 13, accusing the country’s federal lawmakers of corruption, greed, lawlessness and impunity.

In his reply, dated January 29, and exclusively obtained by PREMIUM TIMES Mr. Saraki responded to Mr. Obasanjo’s concern, saying the 8th National Assembly under his leadership was already taking deliberate steps to strengthen the country’s democratic institutions and ensure prudent management of resources.

“This is to ensure that we plug all leakages and minimize waste across our expenditure systems,” the Senate president said in the two-page letter.

“Likewise, the 8th National Assembly has made the issue of plugging leakages and cutting wastages in our public expenditure system a major priority that should not be toyed with. This may have happened in the past but it will not happen with us.”

The former president had in his letter, addressed to Mr. Saraki and the Speaker of the House of Representatives, Yakubu Dogara, accused the lawmakers of fixing and earning salaries and allowances far above what the Revenue Mobilisation Allocation and Fiscal Commission approved for them.

He also alleged that most of the 109 senators and 369 members of the House of Representatives were receiving constituency allowances without maintaining constituency offices as the laws required of them.

He faulted the plans by the lawmakers to acquire new exotic cars for themselves, saying, “Whatever name it is disguised as, it is unnecessary and insensitive.”

He advised that “a pool of a few cars for each chamber will suffice for any Committee Chairman or members for any specific duty.”

“The waste that has gone into cars, furniture, housing renovation in the past was mind-boggling and these were veritable sources of waste and corruption,” Mr. Obasanjo said. “That was why they were abolished. Bringing them back is inimical to the interest of Nigeria and Nigerians.”

But in his response, Mr. Saraki told the former president that the lawmakers were fully aware of the challenges the nation was facing, saying, “As leaders with a duty, we will not disappoint Nigerians in their yearnings for a more transparent public expenditure system.”

On corruption, Mr. Saraki said the National Assembly was working with President Muhammadu Buhari to stem the menace in the country.

According to him, the legislature was already overhauling its oversight functions to make it more effective in exposing corruption in federal ministries, departments and agencies.

“We are hand in glove with the president on this matter and this is why we are overhauling our oversight functions to make it more effective in exposing corruption in the Ministries, Departments and Agencies,” the senate president said.

“We recognize the hard work our anti-corruption agencies are putting into this fight.

“The Senate is resolved to support them to perform their duty effectively by providing them with adequate funding where necessary, as their work in integral to our oversight responsibility.”

Mr. Obasanjo had written the National Assembly to amplify widespread concerns that federal lawmakers were insensitive to the economic hardship facing their country, and had continued to live in opulence at taxpayers expense.

Even as the Senate President’s letter travelled to Mr. Obasanjo, the federal lawmakers were taking delivery of exotic cars for themselves even when the nation’s monetisation policy forbids them from doing so.

The acquisition of the cars was also done in disregard of the advice of the former president urging the lawmakers to discard the plan.

The National Assembly is yet to make details of its 2016 budget public despite widespread calls on them to emulate the other arms of government – the executive and the judiciary – and do so.

See Mr. Saraki’s letter below.

SKSK 1

Ad

X whatsapp