Abuja – After a prolonged period of silence following the conclusion of the 2023 General Elections, former Speaker of the House of Representatives, Barrister Yakubu Dogara, has stated that Nigeria is, in fact, a monarchy rather than a democracy, considering recent actions taken by the President Bola Tinubu-led APC administration.
Yakubu Dogara remarked, “For those who doubt that we are in a monarchy, not a democracy, let me provide one recent example.
After the Executive had raised trillions of Naira through means and methods that lacked explicit legislative authorization and violated the express provisions of Section 38 of the CBN Act of 2007 as amended, the Parliament was asked to approve the advances to the government, which had increased from approximately N789.6 billion in May 2015 to N22.7 trillion in 2023.”
Tribune reports that this assertion was made during a paper he presented at a one-day technical session for Speakers of State Houses of Assembly organized by PERL-ECP in collaboration with the Conference of Speakers, held at Transcorp Hilton, Abuja, on Thursday, 13th July.
The theme of the session was “Effective Leadership for Emerging Legislatures: Lessons, Challenges, Opportunities, and Recommendations.”
He emphasized that “Section 38 of the CBN Act of 2007, as referred to above, empowers the Bank to grant temporary advances to the government.
However, Sub-Section 2 of the Act clearly limits the amount that can be advanced to the government, stating that the ‘total amount of such advances outstanding shall not at any time exceed five per cent of the previous year’s actual revenue of the federal government.’”
According to him, “The subsequent subsection also clearly stipulates the repayment of such advances, stating explicitly that they ‘shall be repaid as soon as possible and shall, in any event, be repayable by the end of the Federal Government financial year in which they are granted, and if such advances remain unpaid at the end of the year, the power of the Bank to grant such further advances in any subsequent years shall not be exercisable unless the outstanding advances have been repaid.’”
Yakubu Dogara added, “In the days when the powers of the legislature were on the rise, such a request from the Executive would have been rejected outright.
The Parliament was faced with an enormous dilemma because even if it had amended the CBN Act, as was subsequently done in one fell swoop, such a measure cannot legalize the violations of the laws that occurred prior to the amendment.”
The former Speaker noted, “Fortunately, the other House didn’t even consider it. This is just one example; many such cases have become routine in legislatures at all levels.
When there is effective leadership in a legislature that is aware of its responsibilities, the executive cannot approach the legislature to provide legislative endorsement for such brazen illegality.”
He then addressed the Assembly Speakers, stating, “You have been called upon to provide leadership in institutions that safeguard our liberty.
Let me conclude my presentation by urging you, regardless of how you came into office, to spare no effort in curbing executive excesses and holding the executive accountable.”
However, critics of the Bauchi State born politician accuse him of inconsistency having severally crisscrossed from the PDP to APC and vice versa severally. They also claim that his attack on President Tinubu was because he was not picked as the APC Presidential candidate’s running mate despite concerted lobbying by various Northern groups on his behalf, including the Comrade Godiya Adams led Northern Youth Association of Nigeria , NYAN.