Skip to main content

OAUSU: Budget Sitting Set To Hold On Saturday


•President and VP's Budgets not fully reviewed.
• We acted with probity, accountability,  and in the best interest of Great Ife students- Hon. Wale Oladebo.

Ayoola Omole

The Budgetary and Finance committee, Obafemi Awolowo University Students’ Union, is expected to Thursday 12th October, approach the Students’ Representative Council (SRC) with a 26-page document containing harmonized budget items for union officers, with Budget Sitting to follow on Saturday. This was revealed in an extensive interview with the committee’s chairman, Honorable Wale Oladebo. The claim is further backed by a Parliamentary Session notification released by the Clerk of the House, in which ‘Submission of Budget’ is listed the 8th agendum.

Other matters on agenda which are up for consideration on Thursday include: ‘Ratification of Security Committee’ and ‘Report of All Committees’. Honorable Oladebo envisaged that a Budget Sitting would be subsequently convened on Saturday, in the event that Thurday’s submission goes smoothly. Copies of the document is scheduled to be made available to every member of the parliament on Thursday while the House debates and ratifies the budget Saturday.

It is widely believed that the budget submission is long overdue, as students go into the academic session’s final lap. For an administration elected late last session, expectations are that the budget is at its implementation stage by now. While Honorable Wale Oladebo subscribes to such opinion, he however explained that his committee started out on a weak footing and endured an unfriendly political atmosphere. He said according to constitutional provisions, the Budgetary and Finance committee ought to have been constituted by the preceding parliament but that constitutional framework, designed by intent to enable the committee hit the ground running, was dealt a blow when union activities were proscribed and only reinstated last session.

“If you are conversant with the constitution of Great Ife Students’ Union, you will understand that the B&F committee is constituted by the out-going union officers. You will agree with me that we did not have any immediate out-going SRC members as at the time. It was not the responsibility of the current parliament to appointment members of the committee”.

Explaining how the Budgetary and Finance committee was plagued by unpredictable and uncertain political atmosphere, he cited as an instance, a period when the offices set aside for certain committees were locked up and members denied access “There was a time when the President said he did not recognize constituted committees”.

In the face of these complications, the committee persevered and carried out its activities in a unique fashion to ensure probity and accountability. “Some halls of residence (officers) over the years have been using personal accounts to run the affairs of their jurisdictions but immediately we came on board, we mandated everyone to open a corporate account for their different halls”, he said.

Findings revealed that although the constitution stipulates that budget be passed within the first 14 days of a new administration, that deadline has never been met.
         
Save for the offices of President and Vice-President, the Budgetary and Finance committee fully entertained and reviewed budgets submitted by every union officer. Honourable Oladebo said the ‘minor’ rift which ensued between the president, Ibukun Edward (Dr. Ibk) and a member of his committee stalled the president's defense. He said the committee had only reviewed a few items off his budget before the outburst.

The reported clash between the Director of Socials, Adedayo Afolabi (Lamba) and Vice President, Jacob Toisin (Emerald) proved a mitigating factor against the budget review process. The Vice President did not appear before the committee for her presentation, given her suspension, along with the DOS, by the school management. However, Lamba had defended and had his budget reviewed weeks before his suspension. The Buget

Comments

Popular posts from this blog

Understanding Prof. Yemi Osinbajo - Abraham Ogbodo

Abraham Ogbodo I am trying to understand Prof. Yemi Osinbajo, the Vice President of the Federal Republic of Nigeria. Often, he speaks out of character. That is, he talks as if he is Vice President before he is a professor of law, even when I know that the latter comes first. The man wasn’t like this when he was the attorney general of Lagos State and a teacher at the Law Faculty of the University of Lagos. Then, his statements were measured and as a seasoned lawyer, based on facts. But today, Osinbajo is sounding like Adams Oshiomhole, a union leader, who by the grace of God, became governor of Edo State for eight years. The revelations about big thefts in the economy had come more from Adams than even Ibrahim Magu, chairman of the EFCC. It was Adams who said former petroleum minister; Mrs. Diezani Allison-Madueke alone stole 13 billion British pounds from the national treasury. That is like saying she stole in raw cash almost twice as much as the entire fortune of Alhaj...

Boko Haram’s campaign against education and enlightenment - By Landry Signe

Nelson Mandela once said, “Education is the most powerful weapon which you can use to change the world.” Boko Haram, the Islamist terrorist group originating from Nigeria is frightened by this enlightening power of education. Unsurprisingly, on Monday, February 19, the group, whose name often translates to “Western education is a sin,” stormed a girls’ school in the village of Dapchi in northern Nigeria to abduct students. Of the 907 schoolgirls who were in the school the day of the attack, more than 100 are still missing as of Sunday. Since it became violent about a decade ago, Boko Haram’s actions, through these and other types of bloody attacks, have resulted in horrifying consequences. Human Rights Watch estimates that Boko Haram has left at least 7 million in need of humanitarian assistance, 2.1 million displaced, and 20,000 civilians dead. Local leaders claim the number is significantly higher. Despite such causalities, it took Boko Haram’s massive kidnapping of 276 sch...

A ‘debt trap’ awaiting aspiring governors? - Anthony Osae-Brown

In the early pages (11 and 12) of the Central Bank of Nigeria (CBN) economic report for the fourth quarter of 2017, there is information hidden between the technical language that may have significant implication for ‘wanna be state governors’ in the country. It is the fact that the current governors are piling up debt that the incoming governors would have to deal with in 2019 when they assume the title of ‘His Excellency.’ For those without a strategy to deal with this, that could signal the beginning of their troubles in that exalted office. The CBN fourth quarter report shows that while the federal government is cutting down its exposure in the domestic debt markets, state governments are fast filling up the space with new debt. The report notes that banking systems credit to the federal government at the end of the fourth quarter of 2017 went down 28 percent compared to corresponding period of 2016, when the federal government exposure to the banking sector was up 38.7 percent...