Nigeria is, in fact, a monarchy rather than a democracy, in light of recent actions by President Bola Tinubu’s APC administration, said Barrister Yakubu Dogara.
Following a long period of silence following the conclusion of the 2023 General Elections, former Speaker of the House of Representatives, Barrister Yakubu Dogara, has stated that Tinubu is a monarch leader.
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“Let me provide one recent example for those who doubt that we are in a monarchy, not a democracy,” Yakubu Dogara said.
After the Executive raised trillions of Naira via ways and tactics that lacked specific legal permission and breached the express restrictions of Section 38 of the CBN Act of 2007 as amended, Parliament was requested to authorise the advances to the government, which had grew from N789.6 billion in May 2015 to N22.7 trillion in 2023.”
This allegation was made in a paper he presented at a one-day technical workshop for Speakers of State Houses of Assembly organised by PERL-ECP in partnership with the Conference of Speakers on Thursday, July 13th, at the Transcorp Hilton in Abuja.
The session had the theme “Effective Leadership for Emerging Legislatures: Lessons, Challenges, Opportunities, and Recommendations.”
He emphasised that “Section 38 of the CBN Act of 2007, as referred to above, empowers the Bank to grant the government temporary advances.
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However, Subsection 2 of the Act specifically restricts the amount that can be advanced to the government in Nigeria, stating that the “total amount of such advances outstanding shall not at any time exceed the amount of such advances outstanding.”
“In the days when the powers of the legislature were on the rise, such a request from the Executive would have been rejected outright,” Yakubu Dogara remarked.
