MILITARY JUDGE SUPPRESSES KHALID SHEIKH MOHAMMED’S FBI CONFESSION IN 9/11 CASE. (PHOTO).

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 Military judge suppresses Khalid Sheikh Mohammed’s FBI confession in 9/11 case A military judge has excluded a confession that alleged Sept. 11 attacks mastermind Khalid Sheikh Mohammed gave to FBI agents nearly 20 years ago, ruling that the statements were not made voluntarily. The decision is a setback for the U.S. government's long-running effort to prosecute Mohammed, who is accused of helping develop the plot to hijack planes and crash them into the World Trade Center and Pentagon. Mohammed remains detained at Guantanamo Bay, Cuba, alongside other defendants awaiting trial. Lt. Col. Michael Schrama, the judge overseeing the case, scheduled a June 2028 trial for Mohammed and three other defendants earlier this week. In an order issued Friday that has not been made public, Schrama barred prosecutors from using statements Mohammed made during four days of FBI questioning at Guantanamo in January 2007. Mohammed had previously been captured and held by the CIA, where he was subjec...
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REPS APPROVE FINANCE MINISTRY AMENDMENT BILL FOR SECOND READING. (PHOTO).

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 Reps Approve Finance Ministry Amendment Bill for Second Reading


The House of Representatives on Tuesday passed for a second reading a Bill aimed at repealing the Ministry of Finance Incorporated Act of 1959 and replacing it with the Ministry of Finance Act of 2024.


Leading the debate on the Bill's general principles, Ademorin Kuye explained that the Ministry of Finance Incorporated (MoFI) was established in 1959 by an Act of Parliament to act as the sole custodian of Federal Government assets across the country. However, Kuye pointed out that since its inception, MoFI has failed to function effectively due to issues such as asset mismanagement, diversion, and abuse.


Kuye emphasized that the 1959 Act, which consists of only six sections, is outdated and lacks the framework necessary for MoFI to operate efficiently in modern Nigeria. He highlighted that the proposed new Act would introduce a comprehensive framework with 49 sections, addressing the conduct, management, and custodianship of Federal Government assets.


He further explained that, if enacted, the Bill would revitalize MoFI by establishing a robust institutional framework, improving its corporate governance, and outlining its organizational structure. The Bill aims to ensure better ownership, accountability, and management of federal assets, as well as to empower the corporation to contribute to economic growth through efficient asset management, preventing abandonment and misappropriation.


Kuye also noted that the Bill would provide a strong legal foundation for creating a national corporation capable of managing and optimizing over N300 trillion worth of federal assets. This would be achieved by granting MoFI specific powers and ensuring that its board is properly incentivized.

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