Digital
OnahNwachukwu Editor, THEWILL DOWNTOWN
Nollywood has produced several iconic actors, and over the years, it has continued to undergo a transformation that has seen the rise of new talent. These new talents are carving their paths, bringing fresh narratives and performances to the screen. They are passionate about storytelling while pushing Nollywood’s boundaries as they infuse it with dynamism and creativity. These emerging Nollywood acts have proven to be skilful in any characters they take on, from everyday heroes to more complex characters. The actors use new platforms and technologies to reach a wider audience, expanding Nollywood’s footprint as they navigate the challenges and opportunities of a fast-changing industry. They also entertain while provoking thought and sparking conversations by embracing roles that challenge societal norms and explore uncharted themes.
New Nollywood acts like Genoveva Umeh, Mike Afolarin, Tomi Ojo, Chidi Dike, and Clinton Joshua continue to impress their audience with stellar performances. We tell their stories so far on pages 8 through 10.
Body oils are pretty popular. They leave the skin looking radiant and healthy while moisturising it. However, there are ways to use body oils, which have benefits. We discuss all of these on our beauty pages. Scroll to pages 12 and 13.
All types of relationships require commitment; however, romantic relationships require a greater commitment. We discuss this on our Downtown Confidential page and who is more devoted to a relationship. You’ll find this on page 15.
As usual, we have a great playlist for you on page 16. Click on the instructions below the QR code to download the playlist. You’ll love the music selection.
Until next week, enjoy your read.
Photo:
Kola Oshalusi
@insignamedia Makeup: Zaron
Intensity Slows in Kano, Abuja, Lagos, Others as Tinubu Addresses The Nation
BY AMOS ESELE WITH ABDULLAHI YUSUF, FELIX IFIJEH, AND UKANDI ODEY
Asthe scheduled 10-Day protest entered Day Four on Sunday, there was no telling how it would end. The first three days had been marred by violence and looting in five northern states, namely Kano, Yobe, Borno, Nasarawa and Niger, resulting in a 24-hour curfew in the first three states, though it was relaxed in Kano on Friday to enable worshippers attend mosque.
The Presidency in a statement on Saturday night said, President Bola Tinubu will address the nation in a broadcast on Sunday at 7am in what appears to be bid to reassure angry Nigerians that his administration is working hard to ease the economic hardship in the country.
About 26 persons have reportedly died with 400 individuals arrested since Thursday. At least N350 billion is estimated to be lost daily during the protests, according to Mr Paul Alajje Chief Economist at SPM professionals, a business consultant management firm in Lagos.
In some states where there were no protesters, social and economic activities were scanty as people chose to stay indoors and keep their business outlets under lock and key.
On day three, which was the day one of the organisers of the nationwide protest, lawyer and Senior Advocate of Nigeria, Ebun Adegboruwa, had projected the protest would end, the protests slowed down, compared to what it was at the beginning on August 1. Still, the protesters insisted on continuing the protest until President Bola Tinubu listens their demand to reverse petrol subsidy removal and cut cost of governance.
Precious Oluchi, who articulated the views of protesters at the Gani Fawehinmi Park in Ojota, Lagos, told journalists: “Nobody can tell us when to stop the protests as there is no leader in this protest, but all hungry Nigerians are participating as equals, until the President take the price of fuel to N200 per litre.”
In Port Harcourt, the Rivers State capital, a spokesperson, Oscar Abe, spoke in similar language, “This is a planned protest, yet the government is ignoring the demands of the people. If the president does not address Nigerians, we will not leave this place.”
In Yola, Adamawa State, Bilyaminu Nuhu, a convener of the TakeItBack Movement, said the protest would continue until
the Federal Government addressed their demands.
Former Minister of Youth and Sports, Solomon Dalung, who joined the protesters in Jos, the Plateau State capital, said, “We will not stop the protest until the President comes out to address the people.”
Mr Adegboruwa, who took a phone call from THEWILL, but refused to explain further on the dynamics playing out on the streets, beyond merely confirming that he issued the statement calling for three days for the protest because he thought it had been “hijacked by sponsored agents,” appealed to the protesters to withdraw from their various protest grounds and to suspend the protests “immediately and indefinitely, to give room for meaningful dialogue and engagement with the government.”
Alarmingly, the Director of Mobilisation, TakeItBack Movement, which Adegboruwa holds brief for, Damilare Adenola, said the protest would continue until President Bola Tinubu met their demands. Adenola said, “The various orders of court restricting protesters to particular locations are an aberration. Our presence here today is an announcement that we have been oppressed for too long. Today, we have risen.
...Kano, Abuja, Lagos, Others as Tinubu Addresses The Nation
“We are saying that unless President Bola Tinubu accedes to our demands, we will remain on the streets. We want to see the President on the streets. During the protest, he was on the streets.”
Meanwhile, pro-government protesters strangely “protesting against protest,” were seen arriving at the MKO National Stadium in Abuja, which was earlier cleared for protesters by the courts, in some 16-seater buses. But they ended up complaining about hardship and demanded the balance of N3,000 of the N5,000 per head that they were promised by their sponsors.
BATTLELINE
With the stated responses, the protesters appeared to have drawn a battle line with the government. But the security authorities think otherwise. The protest is turning increasingly violent in their estimation.
Ogunmola Bolaji Joshua, a security intelligence and risk management analyst with G4S Security Nigeria Limited, thinks so too. He told THEWILL on Friday that in every gathering of angry people, there are possibilities of violence breaking out. “Now that we hear that the protesters are saying they will continue until President Tinubu addresses them. I think it is incumbent on the governors of the states to step in and take charge by addressing them and channeling their grievances to the President.
The dynamics of crowd and mobs control means that you have to take into consideration that the goodwill and ill will of the people will be present in the mob. All of them would come out together as though they wanted to protest, just like the young man among the protesters in Abuja who was arrested on Thursday for wielding a knife. If the crowd becomes violent, government security should be able to take charge and restore order.
Cautiously, he argued that security should be made available to people as part of their democratic rights and “we will all be better for it.”
Protesters, he restated, should follow the peaceful protest that they claim they are organising.
“They said they want to protest peacefully, which is okay because one of the ways of reaching out to the government when citizens feel that things are not going right is to protest. The point is that when the protest turns violent as it has done in some states, it is left for the security agencies to step in and restore order. “Citizens forced to stay at home, particularly workers, can work from home at the moment as long as data is available to power their electronic devices. I think the security agents are well briefed. They should sustain the manner they have handled the protests. You have some police commissioners in Edo and Lagos States interacting with the protesters. It is also the duty of the police to help people maintain the peace,” he said.
On Friday, after a review, the Chief of Defence Staff, General Christopher Musa warned that the army may consider a request for support by the Inspector-General of Police, Kayode Egbetokun, because the protest was getting out of hand. He said the army may have to step in to assist the police to restore order.
General Musa said in part, “I want to appeal once again for the support of all Nigerians, the Federal Government, state governments and local government councils and let us avoid anything that will bring mayhem within our communities.
“We have seen the level of destruction that was carried out just yesterday and you can imagine if this continues for so long.
“The armed forces and the entire security agencies will not stand by and see that to continue.
“We want to warn those that are in the house, those that don’t want to listen, we will not fold our hands and see our country destroyed.
“We will take action and the action will be taken professionally. Anyone that is caught will be taken to the courts to be dealt with.”
Egbetokun, had announced that he was placing all police units on red alert following incidents of violence recorded in
the ongoing protest. He also disclosed that the Force was also considering seeking assistance from the Nigerian military to halt the violence in some states
REACTIONS
Supporting the call for the protest not to degenerate into violence, Executive Director of Commonwealth Institute of Advanced and Professional Studies, CIAP, Professor Anthony Kila, however, submitted that protest in a democracy is legitimate to draw the attention of the government to its failings.
Given that the motivation for the protest rests on the existential problems in the country, he said, “One of the marks of leadership in such circumstances is to avoid protest through dialogue and not by propaganda and threats, before it escalates. “We need a listening government with a channel of communication to listen to issues raised by its citizens. Ideally government should route things through the representatives of the people in parliament, just as the people can also table demands through their representatives but unfortunately something is wrong somewhere
For Professor Bode Sowande, writer and playwright, citizens and leaders alike in the country need to embrace a communal system that is pyramidal in structure in addressing issues of national importance. He told THEWILL that such a structure would involve the grassroots and their leaders in a manner that sensitises, mobilises and engages everybody to the issues at stake at every moment.
“That way the technocratic approach to dealing with serious issues always and the electronic tyranny of the social media will be mediated by the collective input by everyone from bottom to the top,” he said.
A 36- member coalition added a dimension to the dynamics of the ongoing protest when they observed that access to the Internet in Nigeria has been intentionally disrupted following the protests.
In the joint statement copied to the Office of the National
“I
want to appeal once again for the support of all Nigerians, the Federal Government, state governments and local government councils and let us avoid anything that will bring mayhem within our communities.
“We have seen the level of destruction that was carried out just yesterday and you can imagine if this continues for so long.
“The armed forces and the entire security agencies will not stand by and see that to continue
Security Advisor, Minister of Communications, Innovation and Digital Economy, Nigerian Communications Commission and Association of Licensed Telecommunications Operators of Nigeria and made available to THEWILL on Friday, they said that "a joint reading of investigative reports by the Foundation for Investigative Journalism fij.ng, Peoples Gazette and individual measurements by netizens, using Internet measurement tools, have revealed throttling of Internet speed nationwide, aimed at slowing down information dissemination."
They contended that this action "constitutes an unacceptable breach of established norms and standards under regional and international human rights instruments to which Nigeria is a state party and must be halted forthwith.”
The Federal Government has continued to appeal to protesters to exercise patience and await its ongoing reforms designed to address the issues of governance contained in their demands.
The Minister of the Federal Capital Territory, Nyesom Wike, last Thursday appealed that the government was ready for dialogue. Minister of State for Police Affairs, Imaan SulaimanIbrahim, while leading some pro-government protesters in Abuja, reiterated the official position that it met a parlous economy, which the President is working hard to turn around through reforms on its Hope Agenda.
AT THE RECEIVING END
For doing their constitutionally assigned duty to report the protest, inform and update their audiences, journalists have been injuried, arrested or had their working tools destroyed.
The details of the incidents as documented by the International Press Centre’s Safety of Journalists Alert Desk include: Lagos State- Benard Akede of News Central Television was interrupted and harassed by Police officers and LCC officials who barred him and other journalists from interviewing anyone during a live broadcast.
Ibrahim Isah, TVC News Correspondent, was physically assaulted by hoodlums who were armed with dangerous weapons, while covering the protest in Kano. He sustained injuries on his hand.
A vehicle belonging to Channels Television and conveying about eleven (11) journalists, including Isah, was vandalised. The journalists on board were traumatised by the unfortunate incident.
Yakubu Mohammed of Premium Times was attacked and injured by Police officers who hit him with the butt of their gun and their batons and caused injuries to his head while covering the protest in Abuja.
Cameras belonging to journalists were also destroyed by Police officers. Jide Oyekunle, a photojournalist with Daily Independent was arrested and his mobile phone seized by Police officers.
Mary Adeboye of News Central Television was also affected by tear gas thrown by Police officers while covering the protest in the FCT
Hoodlums in Calabar, Cross River State, launched an attack on journalists, seriously injuring Nigerian Tribune reporter, Joseph Abasi-Abasi. The hoodlums targeted an 18-seater bus belonging to the Nigeria Union of Journalists (NUJ) that was transporting food items to the Ernest Etim Press Centre in Calabar. Jonathan Ugbal of Cross River Watch was arrested by the Police, beaten and taken to an unknown destination in Calabar. He was later released.
Matthew Ochei of Punch Newspaper, Monday Osayande of Guardian Newspaper and a Pointer reporter, Lucy, were attacked by anti-protest protesters who arrived at the location of the protest and chased away protesters amidst security agencies. The journalists were taking photoshots and conducting interviews when the allegedly pro-government protesters smashed their gadgets and attacked them.
The Press Freedom Officer of IPC, Melody Akinjiyan called on all concerned security agencies, especially the Nigeria Police Force, to investigate the attacks and bring the perpetrators to justice, saying that, “The rights of journalists to cover and report protests and other societal activities as guaranteed by the 1999 Constitution and various regulatory frameworks have not been respected as expected.”
NCAA Hasn’t Suspended, Halted Arik Air's Flight Operations - Agency
BY ANTHONY AWUNOR
The Nigerian Civil Aviation Authority (NCAA) has reiterated that it has not suspended or halted Arik Air's flight operations, which continue as scheduled and do not affect the airline's ability to operate its remaining fleet.
The clarification follows the Nigerian Airspace Management Agency (NAMA) grounding of the airline's fleet over a debt of $2.5 million owed Atlas Petroleum International Ltd.
In a statement issued on Friday, signed by the NCAA Director, Public Affairs and Consumer Protection, Michael Achimugu, stated: "It is important to clarify that the action does not include the suspension of Arik Air's overall operations by either the NCAA or the Federal Ministry of Aviation and Aerospace Development as claimed in some quarters.
"The NCAA is duty-bound to comply with the court order attaching Arik Air's aircraft (5NMJF; 5NMJQ; 5NBKX) following the determination of its case at the Supreme Court and to ensure compliance with regulatory and safety.
"We appreciate the public's understanding and patience as Arik Air works through this situation with minimal disruption", NCAA stated.
Gunmen Attack Military Checkpoint in Ebonyi
Gunmen have attacked a military checkpoint in Amangwu axis of the Amasiri-Owutu-Edda Expressway in Edda Local Government Area of Ebonyi State. verlay-cleverThe spokesman of the Ebonyi State Police Command, Joshua Ukandu, made this known to the News Agency of Nigeria. Ukandu, a Deputy Superintendent of Police, who spoke with NAN on Friday, said the attack occurred in the early hours of the day.
According to him: “The information reaching us from Owutu Police Division reveals that some hoodlums attacked a military checkpoint on Friday morning.
“It is not yet certain if there were casualties. “The attack was carried out by suspected gunmen in the area, who operated with motorcycles.
Hunger Protest: Sanusi Condemns Mayhem, Says August 1 Sad Day For Kano People
BY ABDULLAHI YUSUF
The Emir of Kano, Muhammadu Sanusi II, has condemned the mayhem perpetrated by hoodlums on the first day of the anti-hunger protest that took place in the state on Thursday, describing it as a sad development.
"Yesterday was a sad day for the people of Kano when hoodlums hijacked the protest against hunger and economic hardship in the country and perpetrated mayhem in our dear state.
"They indulged in arson and wanton looting of properties and attacked innocent people, despite the warning and advice by experts and leaders against such actions during the protest," Sanusi said.
He particularly bemoaned the ransacking and looting of the Digital Industrial Park of the Nigerian Communications Commission (NCC) in Kano and the Kano Printing Press by the hoodlums, describing the actions as unfortunate.
He said it was particularly sad that the hoodlums looted the fittings of the NCC Industrial Park just a few days before its commissioning by the Minister of Communications.
The Emir lamented that the North and Kano, in particular, were the most affected by the negative consequences of the nationwide protest, urging the people of the state not to indulge in the uprising again.
He also urged parents, guardians, community leaders and other stakeholders to prevail on their people not to embark on the protest again so as to avoid a repeat of Thursday's nasty experience.
He sympathised with those who lost their loved ones and properties during the mayhem and prayed to Allah to give them the fortitude to bear the losses. He also wished those who got injured a speedy recovery.
He said Kano had experienced more difficult times before and survived them, urging the people to persevere over this one and move on.
Sanusi also charged them to comply with the 24-hour curfew imposed on the state by Governor Abba Kabir Yusuf so as to prevent a repeat of the mayhem and protect lives and property.
Police Arrest 81 Suspected Vandals in Sokoto During Protest
BY TUNDE OMOLEHIN, SOKOTO
The Police in Sokoto State have arrested 81 protesters for alleged vandalism and looting of government and private properties during Thursday's nationwide protest against hunger and economic hardship in the state.
The Commissioner of Police, Ali Hayatu Kaigama, in a statement made available to Journalists on Friday, said the suspects were arrested while unleashing violence on innocent citizens and vandalising government infrastructure in Sokoto metropolis during the peaceful protest that later turned violent.
"In disguise of peaceful protest by the youths, mostly young persons, the protest started in the early hours of today under a very close security watch until around 03:00 pm when it started becoming violent and unruly.
“Billboards in front of Government House and Iron Rail demarcation of some Major roads within the State were vandalised.
“In the quest to maintain law and order within the State and to avoid further breaking of shops and looting of warehouses among other nefarious activities, the Joint Patrol was able to make the arrest,” he said.
The Police Commissioner, however, commended the display of swift action, professionalism and dedication to public safety by the combined security operatives in the state.
Kaigama, while acknowledging the right of the residents to protest, frowned at the destruction of public infrastructures, saying any violent protesters would be arrested and made to face the full wrath of the law.
The CP, who urged the people of the state to avoid any form of criminality during the protest, assured them of adequate security during and after the demonstration.
Protesters on Kudirat Abiola way, Oregun, during the #EndBadGovernance in Nigeria Protest in Lagos on August 1, 2024.
during the
NEWS
Two Fraudsters Bag Jail Terms in Gombe
Justice A.Y Yakubu of Gombe State High Court sitting in Gombe , Gombe State at the weekend convicted and sentenced the duo of Vanna Henry Nguna and Morgak Peter to two years imprisonment for fraud. Nguna (a.k.a.Emily Enoch) and Peter were prosecuted on one-count separate charges of personation by the Gombe Zonal Directorate of the EFCC .
Upon arraignment, the defendants pleaded guilty to their respective charges prompting the prosecution counsel, AB Kware to urge the court to convict and sentence the defendants as charged. However, counsel to the defendants, Jimoh.K and Yusuf. Ali pleaded with the court to temper justice with mercy as the defendants were first -time offenders who are remorseful of their actions.
Justice Yakubu convicted and sentenced Nguna and Peter to two years imprisonment or a fine of N40,000 each.
In addition, Peter restituted the sum of N40,000 to the victim of crime and the Samsung phones recovered from the two convicts in the course of investigation, being instruments of crime, forfeited to the Federal Government of Nigeria .
The convicts were arrested in May , 202 for internet fraud, charged to court and convicted.
In another development, the EFCC on July 31, 2023 arraigned one Mohammed Abubakar before Justice AY Yakubu of the State High Court sitting in Gombe , Gombe State.
He was arraigned on two- count charges of obtaining by false pretences by the Gombe Zonal Directorate of the EFCC.
He pleaded not guilty to the charges preferred against him by the EFCC, prompting prosecution counsel A.B. Kware to ask the court for a date for trial. However, counsel to the defendant, Ishaku David moved an oral motion for bail stating that the defendant shall offer himself for trial when needed.
Justice Yakubu granted Abubakar bail in the sum of N2,000,000 (Two Million Naira) with two sureties in like sum who shall be men of good standing in the society and shall own landed properties in the state.
The judge thereafter adjourned the case to October 21,2024 for hearing.
#IgboMustGo Protest: Southeast Senate Caucus Wades Into Controversial Report
Serving senators under the aegis of South-East Caucus said their attention has been drawn to the unfortunate and dangerous ethnic profiling of Igbos in the ongoing mass protests across the country. Speaking against the backdrop of some persons threatening genocide against Igbos in Lagos, the Caucus cautioned that such ethnic profiling is unwarranted and therefore called for immediate investigation and prosecution of instigator of such statement. They stated their position in a statement issued in Abuja and signed by Senator Enyinnaya Abaribe and Rt Hon Igariwey Iduma Enwo ( Leader of the South East Senate Caucus of the National Assembly and Leader of the South East Caucus of the House of Representatives, respectively).“For the record, the Igbo nation, in obedience to the advice of their leaders- Governors, Ohaneze Ndigbo Worldwide, parliamentarians and others in the private sector- had taken a reasoned and strategic decision not to participate in the on-going nationwide protests. “This is evident in the relative calm experienced in the five Southeastern states.
We are, therefore, surprised and disappointed, that Igbos are still made scapegoats, and targeted as instigators of protests, as shown in several statements (such as the Igbo Must Go hashtag and call by a certain ‘Lagospedia’ X(Twitter) handle) and videos seen online. “This dangerous ethnic profiling is unwarranted, and must stop. It was such profiling that led to the millions of deaths in Nigeria from the 1950’s to the unfortunate civil war in 1967 to 1970.
Elsewhere in Africa it led to the genocide in Rwanda and the xenophobia in South Africa. “Such should not be our fate again in Nigeria. “We demand therefore that the security agencies bring to book the purveyors of these hate speeches in line with the cybercrimes act and criminal laws of the country.
“We continue to appeal to Igbos across the country to stay away from the protests, and remain law abiding,” the statement partly read.
Gov Sanwo-Olu Tells Police to Hunt Down #IgboMustGo Agitators
The governor of Lagos State, Babajide Sanwo-Olu has distance himself and the government from what he described as the reckless, divisive and dangerous rhetoric, implied in a post by LagosPedia, on an X account calling on the Igbo to vacate Lagos and Southwest of Nigeria and brace up for a massive hashtag #IgboMustGo protest from 20th to 30th August, 2024, saying Lagos remains home to every Nigerian citizen regardless of their ethnic nationality. Governor Sanwo-Olu said the post was not only reckless and divisive but also an attempt to sow a seed of discord between the Yoruba in the Southwest and other tribes, especially those who have made Lagos their permanent place of abode. His Special Adviser on Media and Publicity, Gboyega Akosile said the governor has appealed to Lagosians not to allow any person or group of individuals to create tensions in the state, calling on the security agencies to promptly investigate those behind the handle and bring them to justice.
"Mr. Governor enjoined Lagosians to ignore the post and any post of that nature, promising to double his efforts towards ensuring lasting peace in the State,' Akosile said.
Protesters
#EndBadGovernance in Port Harcourt on August 1, 2024.
POLITICS
Call For Restructuring Firms up
BY AMOS ESELE
Amid the ongoing appraisal of the recent Supreme Court ruling on the financial and administrative autonomy of local government areas in Nigeria, some organisations have reignited the call for political restructuring for equity and fairness in the country.
In this light, the Coalition of Indigenous Middle-Belt Organisations has started mobilising stakeholders to demand for the participation of the Middle Belt indigenous ethnic nationalities as equal partners in the Nigerian federation.
Other Middle Belt groups like the Kwararafa People’s Assembly (KPA) had earlier made a similar call for restructuring in the country.
Last week in Abuja, the Chairman of KPA, Mr Timothy Gandu, stated that the organisation had planned a National Delegates Conference for August 9 to 10, 2024 in Kaduna, the Kaduna State capital
According to him, “The goal is to give room for the participation of the Middle Belt indigenous ethnic nationalities as equal partners in the Nigerian federation,” he said.
Disclosing that the conference, themed, ‘Restructuring and Enactment of the Peoples Constitution, Panacea to Peace and Good Growth of the Nation,’ would enable them to make inputs into the call for political restructuring of the country for equity and fairness, Gandu explained that the CIMBO began activities in 2023 following a call by the Coalition of Indigenous Ethnic Nationalities in Nigeria for indigenous ethnic nationalities across the country to come up with their positions on restructuring.
He said, “CIMBO is of the strong view that Nigeria has a constitution that has not given recognition to the minorities in consonance with the United Nation declaration on the Rights of Persons Belonging to National or Ethnic, Religious, and Linguistic Minorities in 1992 and the United Nation Declaration on the Rights of Indigenous Peoples, 2007.
“This includes the people of the Middle Belt of Nigeria, with over 400 ethnic groups and a population estimated at more than 44 million people as at 2016,” he said, adding that the organisation shall, “through peaceful, but in diligent and persistent manner” ensure that the goals set out by us are achieved.
Citing the 2014 National Conference Report which recommended the creation of more states and eight geopolitical zones, Gandu stressed that based on the report, the middle belt was supposed to have three zones – Middle-Belt East, Middle-Belt Central and Middle-Belt West, given its size and population.
He said: “The non-actualisation of the 2014 Confab recommendations and the promulgation of laws and policies detrimental to the people of the middle belt has necessitated the call for all indigenous ethnic organisations to meet and reinforce their stand as a bloc in Nigeria.
“The meeting is attracting over 100 delegates, representative of the over 400 indigenous ethnic nationalities of the Middle Belt.
“Principal amongst the issues to be discussed at the conference are the need to maintain our identity and have control of our ethnic lands, heritage and resources.
“Other issues are the removal of our ethnic groups from internal oppression, suppression and colonialism; to be part of the Nigerian federation and to benefit equally and equitably like all other groups in the nation.
“We also want to support and reinforce all positive actions of Middle Belt organisations, like the Middle Belt Forum, Conference of Autochthonous Ethnic Nationalities Community Development Associations, and Kwararafa People’s Assembly among others.”
Recently, the Kwararafa Peoples’ Assembly (KPA), a socio-cultural organisation, called on its people to embrace peace and unity to enable them uphold the defunct Kwararafa Empire’s legacies.
Spokesperson of the KPA, Prof. Emmanuel Oloja- Ejeikwu, said that the people had been neglected and ignored over the years, referred to and treated as minorities, which they are not.
He said, “The solution to this is for us to
“CIMBO is of the strong view that Nigeria has a constitution that has not given recognition to the minorities in consonance with the United Nation declaration on the Rights of Persons Belonging to National or Ethnic, Religious, and Linguistic Minorities in 1992 and the United Nation Declaration on the Rights of Indigenous Peoples, 2007
reunite and come together as one family, imbibe the spirit of strong brotherhood and the spirit of being our brothers’ keepers.”
According to him, the essence of the movement is to pull the people of the Kwararafa Empire together ideologically, so that they can tell the world that they are no longer a willing tool or conquered territory.
“We are the majority, not minorities as we are referred to in Nigeria; we intend to overcome this battle peacefully using our PVCs through our electoral strength.”
According to Oloja- Ejeikwu, the erstwhile Kwararafa Empire occupied at least 27 of the present 36 States, including the FCT. These states, according to him, spread across the current six-geo-political zones, making the Kwararafa people’s demand truly nationalistic.
He added that the people constituted a significant percentage of Nigeria’s population and over the years determined who
emerged the winner of presidential elections in the country.
Oloja- Ejeikwu said that the organisation would embark on sensitisation of its communities, villages, elders, women, youth groups, and market women in need for peace and unity.
“The Kwararafa people need to be given the due recognition in the political space and socioeconomic development,’’ he said.
Oloja- Ejeikwu said that it was important for the people of the old Kwararafa Empire to remain as one indivisible Nigeria. Other community leaders who spoke on the Kwararafa vision were Dr Nanchak Nirizing Turakin Gari Langtang North Local Government, Plateau, who called on Nigerians to elect leaders with the capability to revive the nation’s economy, promote peace and unity. .
Nirizing said: “It is imperative for Nigerians to know that without peace nothing works.
“A peaceful environment can only be sustained with a ruler that is determined, knows the people and their problems and can solve them.
“We advise every Nigerian that this time around, it should not be money inducements, tribe or religion, but it should be about who will deliver us.”
Alhaji Ali Na-Ali, Osekalago of Benue, enjoined the people to unite in order to attract development.
He said: “I advise my followers to elect credible leaders, that will lead us very well and take us to the promised land.”
He called on the citizens to shun material and monetary inducements and vote based on capabilities for the good of all. Mr Omale Tanko, Aku-gyogo of Agyogo, said that the conference was meant to bring together the people to chart the way forward for peace and progress.
“We have to join hands together so that the old Kwararafa empire can be sustained,”
“We shall meet with other indigenous ethnic nationalities in the country to put forward the demand to restructure Nigeria before 2027,” said Gandu for the August delegates conference in Kaduna.
This presidential promise, we think, should be the real source of worry about the windfall tax. Critical infrastructure that have decayed over the years need to be revived and rehabilitated while essential social amenities and programmes need to be engaged to immediately begin to grow the economy and address the escalating cost of living crisis in the country
Judicious Use of Windfall Tax
The recent move by the Federal Government to boost its sources of revenue through the imposition of windfall tax is welcome. In the first place, this shows that it is thinking outside the box. In the second place, it shows a willingness to muster the political will to involve the banking sector in real developmental issues and imbibe the idea of wealth redistribution that should, with time, begin a new policy paradigm.
Faced with dwindling resources and financial scare over borrowing to the point of saturation and creditor’s fatigue, the government’s resort to this initiative should herald a new dawn of real, practical public-private partnership.
Windfall taxes, as the words imply, are unexpectedly large profits, especially one regarded to be excessive or unfairly obtained. Therefore, fairness and equity demands that the excess, unfairly gained profit should be ploughed back into the system in which that windfall was generated. Thankfully, the bankers who met with President Bola Tinubu after the Senate amended the 2023 Finance Act to accommodate this tax proposal, have agreed to support the tax.
In the amendment bill that it passed, the Senate increased the windfall levy from the proposed 50 per cent to 70 per cent. The Upper House of the National Assembly also extended the tax’s applicability from the end of 2023 to all profits from FX transactions through 2025.
Speaking on behalf of banks, United
Bank for Africa Chairman, Mr. Tony Elumelu, said, “We believe in prosperity, in creating jobs and employment for our people, in democratising prosperity and in ensuring that Nigerians have access to the good life. So today, we spoke about the Windfall Tax. We support the government. We believe that where extraordinary income has made a part of, it should go towards helping to alleviate poverty in the country, which is what the government intends to do.
“We support that and we just believe that we should ensure that no one segment suffers, that the government is able to continue to create jobs and that businesses are also able to do well because we need mutual prosperity.”
That mutual prosperity is what is needed in present day Nigeria where the rich should pledge to carry the poor and the government should summon the courage to wield the big stick when there is a breach.
Even so, this otherwise commendable mutual agreement has been criticised by experts on what we consider technical grounds. Moody’s Investors Service and some financial analysts are said to have objected to the deal because they think it would impact the banking sector negatively.
According to them, profits of banks would be severely affected, making them unable to service toxic loans and reduce their liquidity assets. The experts also express fear that banks may transfer the tax load to customers who already face many forms of charges, thereby leading to unhelpful questions.
Doubtless, these fears are genuine but
given the duration of the tax and the purpose for its imposition, we beg to disagree.
Firstly, the windfall tax is said to be a one-time tax directed at the considerable foreign exchange gains made by banks in 2023, when banks reaped huge profits after the devaluation of the Naira in that year.
On their part, the bankers assured Tinubu of their compliance with the windfall levy, which, they said, is intended to transmit the administration’s reform agenda to the investment community and democratise prosperity and alleviate poverty.
Secondly, President Bola Tinubu during the meeting with captains of the country’s commercial banks at the State House, Abuja, made the commitment to channel the tax for crucial infrastructure, education, and healthcare projects under his Renewed Hope Agenda.
This presidential promise, we think, should be the real source of worry about the windfall tax. Critical infrastructure that have decayed over the years need to be revived and rehabilitated while essential social amenities and programmes need to be engaged to immediately begin to grow the economy and address the escalating cost of living crisis in the country.
The duty is therefore on the shoulders of both partners in this tax project, the banks paying the tax without undue pressure on their customers and the government deploying the fund realised for capital projects as part of its ongoing reforms to foster economic development.
OPINION
Olympics Dream Drowned in Controversy
he Paris 2024 Olympics, set against the backdrop of one of the world’s most iconic cities, was intended to celebrate athletic prowess and global unity. However, it has been marred by controversies that have cast a long shadow over the event, drawing comparisons with past Olympic Games, while spotlighting the unique challenges this edition faces. The Olympic spirit, traditionally a beacon of hope and camaraderie, seems to have struggled to shine through the storm of emerging issues. The Olympic Games have historically not been immune to controversy, facing challenges ranging from doping scandals to political interference. Yet, the current edition in Paris, France, appears to have amplified these issues to
Doping has long been a blight on the Olympic movement. Previous Games have grappled with highprofile cases that have threatened the integrity of the competition. In contrast, Paris 2024 has been punctuated by a series of doping scandals that have not only cast doubt on individual athletes but also raised questions about the overall efficacy of the antidoping measures in place. The atmosphere around the Games, compared to past editions, is fraught with suspicion and
Political Interference – The Cold War era saw the Olympics as a stage for political posturing, with boycotts and protests reflecting the geopolitical tensions of the time. Today, while overt political interference may be less common, the Paris Games have been subjected to a more subtle, yet pervasive influence of global political tensions. The ongoing war in Ukraine, Israel and Gaza, coupled with other geopolitical issues, has complicated the narrative surrounding the Games, overshadowing the celebration of sportsmanship (North and South Korean
Security has always been a priority for organisers of the Olympics, but the Paris Games have faced an intensified security landscape. In the wake of global terrorism threats and heightened geopolitical tensions, ensuring the safety of athletes and spectators has become a herculean task. The security measures, while necessary, have contributed to an atmosphere of unease and heightened scrutiny.
The Australian athlete, whose name has been withheld for privacy reasons, was reportedly attacked in the Olympic Village, a location traditionally thought to be one of the safest places for competitors. The assault has sent ripples through the Olympic community, drawing attention to the serious issue of sexual violence and the safety of athletes at international events.
In response to the recent tragedy, the Olympic movement and Paris 2024 organisers must strengthen security measures to ensure athlete and staff safety, offer robust psychological counselling and establish a clear reporting process for violence, promote a culture of safety and respect with ongoing education on sexual violence and investigate the incident thoroughly and hold responsible parties accountable for any security or support failures. Several factors have converged to create a particularly stormy environment for the Paris 2024 Olympics.
Social and Political Climate – France has been experiencing significant domestic challenges, including social unrest and economic difficulties. These issues have created a tense atmosphere for the Games, impacting public perception and adding to the overall sense of instability surrounding the event. Protests and strikes in the lead-up to the Games have further marred the pre-Olympic buzz, casting a shadow over the intended festive spirit. The role of social media in amplifying controversies cannot be overstated. The rapid dissemination of information, opinions and critiques has magnified the impact of various issues surrounding the Games. While social media provides a platform for voices that might otherwise be unheard, it also accelerates the spread of controversy, often overshadowing the achievements of athletes with a relentless cycle of criticism and debate.
One of the most contentious issues of the Paris 2024 Olympics has been the participation of transgender athletes. This debate has ignited passionate discussions and controversies that have overshadowed some of the sporting achievements of the Games. Imane Eddaïb, an Algerian boxer, who is transgender, has been at the centre of a heated debate regarding her eligibility and participation in the Paris 2024 Olympics. Her situation has stirred discussions about the inclusion of transgender athletes in competitive sports, with a particular focus on boxing, a sport known for its physical demands and emphasis on gender-based divisions.
Critics of transgender inclusion in women’s sports argue that transgender women, who have undergone male puberty, may retain physical advantages such as bone density and muscle mass. This, they argue, creates an uneven playing field for cisgender women. There is concern that allowing transgender women to compete in women’s categories undermines the purpose of separating divisions based on biological sex, potentially discouraging cisgender women from participating in sports. Supporters counter these arguments with several key points – Denying transgender athletes the opportunity to compete based on their gender identity is seen as discriminatory and a violation of their human rights.
The impact of transgender athletes varies greatly depending on the individual, sport, and level of competition. There is no one-size-fits-all answer, and each case should be assessed individually. The issues surrounding Imane Eddaïb’s participation in Paris 2024 extend beyond the immediate context of the Games.
*Continues online at www. thewillnews.com
Protest: Head or Tail, we May All End up Losers
All hell has been let loose, and the centre can no longer hold in Kenya over the tax revolt that has been ravaging that East-African country since June. In the wake of the crisis, a part of the parliament building was razed down by arsonists. Some public buildings were touched while several companies and shops were destroyed and looted. Sensing their relative success in forcing the government to cancel the $2.7billion in tax hikes, the mainly Gen-Z protesters are now calling for President William Ruto’s resignation. The young people have succeeded in throwing Kenya into turmoil and no one in that country can now sleep with their two eyes closed. The number of casualties has been on the rise in the ongoing protests. More than 50 people have been reported killed since June, according to Kenya’s National Commission on Human Rights. The Kenyan violence and destruction are reminiscent of the October 2020 EndSARS protest in Nigeria.
During that EndSARS protest, several police stations were burnt with some police officers beheaded. The gory video of cannibals eating flesh from the bodies of slain police officers is still chilling. There was a jailbreak and hardened criminals were let free in Lagos, Benin, and Abuja prisons. Critical infrastructure owned by the Lagos State Government was destroyed. Notable television station, TVC, was razed down. It is difficult to forget how a large number of luxury buses meant to power public transportation in Lagos were burnt and left to ruins. A friend recounted to me how a distraught Governor Babajide Sanwo-olu was going through the ruins of the burnt buses at Oyingbo and tears began to cascade from his eyes over the multi-million dollar investment destroyed.
Such was the level of the destruction, the carnage, the investment gone in flames, the trauma and the uncertainty engendered by the protest. Those insisting on replicating the EndSARS protest in the country or reproducing the Kenyan moment in Nigeria do not mean well for the country and the people. It may be argued that but protesters have a right to register their displeasure about the state of the nation, particularly with the excruciating cost of living, even in spite of government’s laudable economic policies and cushioning efforts, and this may be correct. However, the planned protest does not augur well for the country and our people. This is so for a number of reasons.
Firstly, given what transpired during that 2020 protest, there is no guarantee that any protest at this time will not turn violent or hijacked by hoodlums and other dodgy characters to foist their nefarious agenda on the country. This protest, which by most accounts is politically motivated, can only result in violence, arson and looting, as is characteristic of similar demonstrations in Nigeria and most parts of Africa. The Kenyan episode is also a case in point. In the past, Asiwaju Bola Tinubu, as he then was, and other activists had deployed the instrumentality of non-violent protest or agitation to advance the democratic cause that led to the rebirth of democracy in the land, and to correct some imbalances in the operation of Nigeria’s federalism, particularly during the regime of President Obasanjo.
Secondly, the sponsors and promoters of this protest, christened #EndBadGovernance protest, remain yet unknown. They are faceless and yet unidentified persons. I glimpsed an online interview with SaharaReporters’s publisher, Omoyele Sowore, identifying and calling for the demonstration. Meanwhile, he and his family are in their safe harbour in New Jersey. That was the same way detained
Nnamdi Kanu was giving orders from abroad, naming individuals and their properties to be destroyed in Lagos during the EndSARS’ protest.
Thirdly, it’s being established that constructive dialogue is the key to resolving issues and thrashing any misgiving or disagreement, which is bound to occur in any society. When there is a conflict between governments and groups arising from policy issues and other matters, dialogue is always the best way to resolve such disputes. In spite of the remonstrations of Organised Labour over the National Minimum Wage, eventually they still resorted to negotiations with the government during which the matter was resolved amicably and a new national minimum wage, which is over 100% of the old one, was agreed upon with even an icing on the cake as President Tinubu committed to every three-year review, instead of workers having to wait for five years before wages are adjusted.
GIVEN WHAT TRANSPIRED DURING THAT 2020 PROTEST, THERE IS NO GUARANTEE THAT ANY PROTEST AT THIS TIME WILL NOT TURN VIOLENT OR HIJACKED BY HOODLUMS AND OTHER DODGY CHARACTERS TO FOIST THEIR NEFARIOUS AGENDA ON THE COUNTRY
More importantly, the hashtag #EndbadGovernance being promoted by the unknown protesters is dubious and remains contentious. End to bad governance? This condensation reminds one of the rhetoric of still-disgruntled opponents of President Tinubu, who lost the 2023 presidential election at the polls and in court, and now want to unseat him and come to power through the back doors. This is unacceptable. The nation’s electoral laws stipulate how elections are won and lost and the electoral circles as well. They will do well to wait for the next election in 2027.
End to bad governance? Where is the bad governance, one may ask? Yes, these are challenging times. Current economic challenges are not peculiar to Nigeria alone. Almost all the countries around the world, including the most developed ones, are in turmoil. Nigeria is no exception. President Tinubu is applying the right medication to an ailing economy he inherited. This bears restating: the economic policies the government has embarked upon, which have been widely commended, have their gestation periods.
•Rahman is a Senior Presidential Aide
KENNETH EMODI
BY TUNDE RAHMAN
FX Market Records
$4.79bn Turnover as Naira Sheds
6.87% in July
The Nigerian Foreign Exchange Market (NAFEM) recorded a total of $4.79 billion turnover in the month of July, according to data obtained from the FMDQ platform.
The figures tracked by THEWILL during the 25 trading days in July also showed that the highest daily turnover was recorded on July 11 with $348.82 million, while the lowest volume occurred on July 3, when the market closed at $114.91 million.
During the just ended month, the domestic currency depreciated by N104.45 or 6.87 percent, having closed at N1,608.73 to the dollar on July 31, against N1,504.30 to one dollar it had opened with on July 1.
The highest depreciation rate was recorded on July 30 when the naira slumped to N1,60.33 to the dollar, while it registered the strongest value on July 22 with N1,500.34 to the dollar.
On Friday, August 2, marking the last trading week in July, the Naira traded at N1,617.08 to the dollar – a depreciation of N47.08 or 3 percent compared to the higher value of N1,570.00 to the dollar it had traded on the previous day. The market had recorded intraday high of N1,635.00 and a low
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EDITOR Sam Diala
Recapitalisation: Wema Bank’s H1 Results Signal Enhanced Milestone
BY SAM DIALA
Wema Bank Plc posted impressive results for its 2024 half year operations ended June 30. This will trigger a quantum leap towards an enhanced milestone in the current recapitalisation exercise to the delight of the stakeholders who are enthusiastic about the capital raise.
Amid an increasingly challenging environment, the bank’s topline and bottom line profits were positively impacted by the efficiency in asset allocation during the period. They were also impacted by the bank’s innovation in customer service through friendly and intuitive technology for which the bank is known.
That explained why, despite the unfavourable economic climate, the bank hauled N146.06 billion in interest income, which is 129.7 percent more than the N76.64 billion achieved in the preceding year. This stemmed from efficient management of expanding loan book in a challenging environment, suggesting the focus on core banking activities and an emphasis on supporting the growth of the economy, especially the real sector. Loans and advances to banks and customers increased by 76 percent to N94.24 billion against N53.52 billion achieved in the corresponding period of the previous year.
This played a major role in boosting the assets as the balance sheet rose to N2.76 trillion in H1 2024 from N2.24 trillion in FY 2023, representing a 23.2 percent growth. This suggests that the bank is coasting to a surge in asset base at the end of 2024, having surpassed the 2023 figure of N2.24 trillion by 23.2 percent.
Riding on the upward trajectory of revenues, the bank’s profit before tax rose to N30.56 billion during the review period compared with
N12.05 billion in H1 2023, translating to 153.6 percent. Similarly, profit after tax rose by 154.6 percent to N26.59 billion compared with N10.49 billion in H1 2023.
Investment in securities yielded a 120 percent increase in returns from N21.20 billion in H1 2023 to N47,29 billion in the review period on the back of a favourable interest environment as government intensified borrowings through public-offered instruments during the period.
Components of the H1 profit include non-interest income from FX transactions which surged 1,028 percent to N6.4 billion from N571 million in H1 2023. The bank harvested significantly from its electronic products for which it has a tremendous reputation as an industry leader. Revenue from e-banking platforms rose to N6.1 billion from N3.1 billion in H1 2023 - a 95 percent increase.
A game changer in digital banking solutions is ALAT. Launched in 2016, ALAT, Wema Bank’s exceptional digital banking platform, doubles as Africa’s first fully digital bank. It allows Nigerians from any part of the world to transact both in naira and dollars from wherever they are, on their phones.
To enhance its role in financial inclusion, Wema Bank also launched ALATHUB. This is its agency banking platform designed to help Nigerians of all ages in the most rural parts of Nigeria to access banking services via registered Wema Bank Agents. Customers using this platform can do anything from opening accounts, withdrawals, deposits and money transfers to accessing loans, getting cards and sorting other financial needs, without having to go to the bank. The positive revenue trajectory in H1 2024 points to the fact that
BUSINESS WEEKLY
...H1 Results Signal Enhanced Milestone
Amid increasingly challenging environment, the bank’s topline and bottom line profits were positively impacted by the efficiency in asset allocation during the period
the bank will record a huge revenue haul through its electronic banking products in FY 2024. Analysts predict an upper double-digit growth by the bank in 2024 with prospects of significant increase in interest income, e-banking revenue and FX transactions.
“Wema Bank enjoys historic customer loyalty – the best among the financial services institutions in Nigeria. The recapitalisation exercise will offer a huge opportunity for it to record a significant growth and boost its market share.. It may not join the Tier-1 group; it, however, will get stronger by the time the recapitalisation is over,” said Johnson Ikhehide, a financial analyst.
Wema Bank recently flagged off its capital raise to meet the target with the N40 billion rights issue which has been approved by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).
In a statement, Wema Bank’s Managing Director/CEO, Moruf Oseni, reiterated the bank’s resolve in retaining its Commercial Banking license with National Authorisation, adding that the N40 billion Rights Issue is a step in that direction.
He stated: “We are delighted to announce the conclusion of the 1st tranche of our Capital Raise Programme, after obtaining the relevant approvals of all regulatory authorities.
“Our move to commence our Capital Raise Programme very early demonstrates our push for excellence and with a strong emphasis on our digital play, we are set to amass more successes in the coming months.
“We were impressed by the vote of confidence given by our shareholders during the 1st Rights Issue exercise as our shares were fully subscribed. In addition, we obtained the approval of shareholders at our 2023 Annual General Meeting (AGM) to raise an additional N150 billion to meet the capitalisation threshold set by the CBN. The process is expected to be completed within 12-18 months.
“We are committed to providing optimum returns for every stakeholder and the successful conclusion of this N40 billion Rights Issue is a bold step in the right direction.”
THEWILL recalls that the CBN) in March 2024, launched a recapitalisation programme requiring banks to raise fresh capital in alignment with the minimum requirement for their respective banking licenses, within a 24-month timeline spanning April 1, 2024, to March 31, 2026. The goal of the recapitalisation programme is to simultaneously boost the Nigerian economy and strengthen the Nigerian financial services institutions to play a bigger role in the economy.
On the equities market, Wema Bank closed its last trading day (Friday, August 2, 2024) at 6.30 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.6 percent gain over its previous closing price of 6.20 NGN. Wema began the year with a share price of 5.60 NGN and has since gained 12.5 percent on that price valuation, ranking it 57th on the NGX in terms of year-to-date performance.
Data from the NGX showed that Wema Bank stock is the 26th most traded stock on the Nigerian Stock Exchange over the past three months (May 3 - Aug 2, 2024). It has traded a total volume of 216 million shares—in 8,156 deals—valued at NGN 1.44 billion over the period, with an average of 3.42 million traded shares per session. A volume high of 14.9 million was achieved on July 11th, and a low of 457,422 on May 10th, for the same period.
Capital Raise:
...Turnover as Naira Sheds 6.87% in July
of N1,550.00 before reaching the equilibrium of N1,617.08.
The market turnover for the first trading day in August was $142.32 million but dropped by $10.77 million to $131.55 million or 7.5 percent on August 2, signaling the possible weakening of the domestic currency in the eighth month.
The parallel market traded average of N1610,00 to the dollar on Friday, August 2, signifying meeting the target of the Central Bank of Nigeria (CBN) to see a convergence of the parallel and official markets as the local currency “stabilizes” in the horizon of N1,500 to the dollar. This translates to a 222 percent depreciation of the naira compared to the N472 to the dollar it traded on June 13, 2023 before the floating of the domestic currency in line with President Tinubu “bold” reforms that saw the Nair tumble to N664.04 to the dollar on June 14, when the official devaluation of the currency occurred. This has become the Achilles’ heel of the troubled economy that is now consuming virtually every sector.
The ripple effect of this includes an alarmingly high rate of inflation that has brought untold hardship to the citizens with massive loss of jobs, sharp decline in standard of living and closure of businesses, especially the small and medium enterprises (SMEs).
The National Bureau of Statistics (NBS) reported Nigeria’s inflation rate at a 28 year high of 34.19 percent in June, with food inflation hitting 40.9 percent.
To tackle inflation, the Monetary Policy Committee (MPC) of CBN raised the benchmark interest rate by a massive 400bps to 22.75 percent in February 2024. The CBN said it took the drastic measures to tackle soaring inflation (at 29.9 per cent in January) and to stem the collapse in the value of the naira. The apex bank raised the benchmark interest rate again in March, this time by 200bsp to 24.75 percent (as inflation jumped to 33.20 percent) and further jacked up the rate in May (as inflation hit a 28-year high of 33.69 per cent in April). The CBN continued to raise the monetary policy rate hitting 26.25 percent last July in its inflation-targeting policy.
This has untoward effects on the manufacturing sector, bearing the brunt of the “bold” reforms. The umbrella body of major manufacturers in Nigeria, the Manufacturers Association of Nigeria (MAN) recently declared that 767 manufacturing companies shut down while 335 others became distressed in 2023 as CBN’s tight monetary policy bites harder.
The manufacturers lamented that the continuous adoption of tight monetary policy is worsening the already bad situation of the real sector, and called for a robust synergy between the monetary and fiscal authorities. While this is being addressed, more companies are reporting losses in their half-year results as weak consumer demand.
Zenith Bank Postpones ‘Facts Behind Figures’
Zenith Bank Plc has postponed the presentation of Facts Behind the Figures earlier scheduled for Monday, August 5, 2024 at the Nigerian Exchange Limited (NGX), Lagos. The event, aimed to acquaint the capital market and investment community of its planned combined N290 billion capital raise, has been put on hold due to the public protests in Lagos and other parts of the country. Nigeria has been engulfed with public protests across the states since August 1, as members of the civil society and other groups converge to protest against economic hardships arising from the removal of petroleum subsidy and devaluation of the naira in mid-2023 by the President Bola Tinubu-led government.
A notice from The Nigerian Exchange on Friday, titled ‘Postponed Facts Behind the Figures for Zenith Bank Plc’ read:
“Please note that due to the ongoing protests and the associated safety concerns, Zenith Bank Plc has made the decision to postpone the FBO (Facts Behind the Offer) presentation.
“Once a new date has been confirmed, we will promptly communicate this information to you
and all other relevant parties.”
Zenith Bank Plc recently unveiled its plan to raise N290 billion through a combination of a Rights Issue and a Public Offer in compliance with the revised minimum capital requirements for Nigerian commercial banks introduced by the Central Bank of Nigeria (CBN).
This announcement was made during the Zenith Bank Rights Issue/Public Offer Signing Ceremony held on July 29, 2024, at The Civic Centre, Victoria Island, Lagos. This event marks a significant milestone in the bank’s previously announced capital-raising programme, aimed at bolstering its capital base and supporting its growth trajectory across its banking and nonbanking subsidiaries.
The Rights Issue offers 5,232,748,964 ordinary shares of 50 Kobo each at N36.00 per share, while the Offer for Subscription presents 2,767,251,036 ordinary shares of 50 Kobo each at N36.50 per share.
The Rights Issue affords existing shareholders the opportunity to purchase additional shares in proportion to their current holdings and is
being offered on the basis of one new ordinary share for every six existing ordinary shares held as of Wednesday, July 24, 2024. Conversely, the public offer for subscription is open to the general public and aims to attract new investors.
Speaking at the signing ceremony, the Group Managing Director/CEO of Zenith Bank Plc, Dame (Dr.) Adaora Umeoji, OON, expressed enthusiasm about the Rights Issue and Public Offer, stating.
She said, “Today, we signed the transaction documents with respect to Zenith Bank’s N290 billion Rights Issue and Public Offer. This is slightly above the N230 billion required for us to meet the CBN’s minimum recapitalisation requirement. We are extremely pleased with the level of enthusiasm we have already seen from our existing shareholders for the Rights Issue. Beyond existing shareholders, incorporating a public offer is crucial to ensure that our customers, who are not yet shareholders, can have the opportunity to join in the ownership of this premium brand.
Mohammed Bello-Koko to be Crowned Emir of Koko
Mohammed Bello-Koko, the sacked managing director of Nigeria Ports Authority, NPA already has the next phase of his life mapped out, following his ouster from the federal revenue generating organisation. He is set to become the traditional ruler of Koko, a community in Kebbi State. He will be replacing his late father, Muhammad Koko who died a year ago after a protracted illness. Until his death, the older Koko was the Emir of Koko in Koko Local Government Area (LGA) of Kebbi State. While he was Emir, he was a peaceful traditional ruler who sacrificed for his community
Continues on page 21
SEYI MAKINDE APPOINTS BOTSWANAN SA ON AFCTA
Governor Seyi Makinde of Oyo State has appointed a Botswanan, Neo Tlhaselo as his Special Adviser on African Continental Free Trade Area (AfCFTA) and International Trade. Makinde expects her to use her network and influence to promote trade and investment between Oyo state and
Continues on page 21
ENTERTAINMENT &SOCIETY WEEKLY
EDITOR
Ivory Ukonu
Agunloye
ENTERTAINMENT &SOCIETY WEEKLY
Many Opportunities in Real Estate Await Fashion Entrepreneurs in Nigeria – Olamide Agunloye
Olamide Agunloye is the brain behind the popular fashion brand, Iconola and concession store, BLK building. She speaks with IVORY UKONU about her passion for fashion and real estate. Excerpts:
Youhave been out of the public eye for a while now.
Is there a reason for this?
I am naturally a very quiet person and introverted as well. I also have super high expectations of myself and my business and I don't believe in celebrating prematurely or beating an empty drum. For now, what I do with BLK is beyond just me and Iconola, my fashion brand. It’s a platform and business idea that serves the fashion industry as a whole. It is important to sensitise fashion entrepreneurs about it.
What is BLK all about?
In simple terms, it is a concession store. But we don't stop at displaying fashion goods and services, we also do marketing and retail services for the brands we enroll. We provide photography, content creation services and also reports and remissions.
What informed your decision to set up a lifestyle retail space?
The idea is to have different brands consolidated under one roof in order to save rental and operational costs, while also keeping proper account of inventory and sales trends. In the past, 2019 through 2020, I had a few brands stock with me for a fee and they also asked to utilise my service providers and space, and it made me realise that there was a market for it. It took a prophecy and a lot of prayer to identify that it will be structured this way and to this magnitude. So, I let life lead and teach me and now I have put forward everything I am passionate about and all that I learned along the way.
How long has this been in the making?
In early 2021, the idea was super clear to me. It’s taken three years from drafting drawings and business plans and projects, to fundraising to being operational. It's a huge labour of love of fashion for me
With so many lifestyle retail spaces in the city, what is so unique about yours?
Our uniqueness is two-fold. On one hand, what we offer and our services are different. The unique offer is that it is free to enlist. And we only take commissions. We also develop content for marketing for our enrolled brands and we encourage the brands to join in the PR and invite their customers to our space. The space itself is the major unique offer. The size, layout and interior decor is beautiful, if I must say so myself. It offers ease of display and shopping satisfying both the brand owners and the shopping clientele.
Is this like a prelude to your real estate business or a one-off thing?
I have been into real estate for 10 years and counting. I do renovations, remodeling and interior decor mostly, but I have done a couple of developments. This keeps me busy. It also helps me to see what opportunities lie in real estate for fashion entrepreneurs. I have a lot of ideas about real estate solutions for different industries. It is my thought solution for fashion entrepreneurs and how I marry my love for both fashion and construction work. With the consideration that brands can pay well for space on the Island. This is also my way of pulling the light bulb switch and saying, save your money for creativity. This type of collaboration helps us do that.
What factors determine those you curate for BLK?
Beautiful, quality and consistent work is what we need. There are
lots of fashion brands out there now. People who are established can join, and people who are new can join. As long as their products are well done and beautiful. We look for quality and aesthetics.
How is Iconola, your fashion brand, doing?
Iconola is doing fine and still growing. I can't lie that there were times I wanted to stop running the brand. This is because, like I said earlier, fashion brands bleed out funds for rent and operational cost that don’t make business sense. I have often thought I am working for my landlord and the tailors and sometimes even the customers. But with new styles and strategies in place, we keep moving forward. I will also relaunch our bridal line before the end of the year. We look forward to that.
How old is it now?
I started Iconola in 2003. So, it is a full-blown adult now. It is 21 years-old this year.
You claim to be the first Ankara RTW (ready to wear) company in Nigeria. When you started it, what was the reception like?
Well, when we started, only a handful of people were receptive. Customers were territorial with the styles they bought from me. I also feel like other designers thought I wasn’t really designing because in the service of bigger markets, you curtail creativity. But now, everywhere one looks, there is a RTW brand, and I must say, a lot of our old styles are what people are still copying and that is a huge compliment. For me, having a vision has nothing to do with what you see or hear, you just have to follow your vision.
with the joneses. I honestly never look at what others are doing. The market is huge and the population is bigger. I can't imagine that I alone want to service that market. I got over a lot of the egoistic urges of being a creative a long time ago. I just create. I don’t compete and I don’t compare.
Over the years, so many fashion brands offering RTW collections have since sprung up and competition has become quite stiff. How have you managed to stay on top of your game?
With Iconola, we create what we will love to wear or see people wearing. Our production process is fast and seamless. Our customers love the cut and styles and that's enough for us. Our price points are reasonable. So, it doesn’t damage their bank accounts. To be honest, I think the one thing I don’t do is keep up
How do you see competition? Are you afraid of it particularly from younger designers?
I am inspired by the new designs and designers. I also appreciate that the entire fashion scene has changed. We are bolder, more daring and more fashionable. It’s a joy to watch. One of the reasons we created BLK is because I love collaboration. I think when people come together, they do better than when they claim a piece of the action.
What tricks did you apply to evolve while remaining authentic?
Focus. That's the main thing. I focus on my business. I was lucky
Agunloye
Agunloye
to be pushed into the construction and interior space, which also bites into my attention cookie. So, I honestly don’t have time to pay attention to anything else. My kids are there, my home, my office, my store and my sites. I am tapped at the end of it all. If I don’t focus on the stuff before me, there is no way I wouldn't have derailed.
Beside operational costs and rent like you mentioned, what are the other major challenges you have had to deal with as a designer?
Like I said, operational costs and rent constitute a major challenge and one needs to stay on top of it. It is hard when one makes money and then has so many bills to pay. Even when you work from home, it takes up a chunk of your real estate. Many times, fashion entrepreneurs don’t take account of what they are spending, both time and space. Sometimes we think we are making money, but when we sit with the books, we realise that we aren't. Another challenge is structure. And I say this because the kind of staff we hire are the ones who resist structure the most.
How have those challenges shaped you to become who you are today as a person and as a fashion designer?
It's always against all odds. One keeps moving and growing. For me, I take hits quickly at life when it's time to bend and change course. I was very protective of my initial dreams. I had to pray and open up myself to move into other areas without feeling like I will have to abandon my initial passions.
Have you always wanted to be a fashion designer? What is your story?
ENTERTAINMENT &SOCIETY
WEEKLY
I wanted to make money as a child. And I was smart, so I picked Petroleum Engineering. But fashion chose me. Art and design flows through me in a way that I have never been able to control, and I haven’t ever tried. I changed my major in my second year in the university and the rest is history.
How would you define the correlation between real estate and fashion designing?
The real correlation between real estate and fashion design is design. It is filling up empty spaces with ideas. Either on a human form or empty space. The easy way to say it is, we dress a person, we dress a space. There are aesthetic rules to follow for both. You follow it diligently and spice it up here and there and you are good to go. I like to push my processes into the mix. I like speed and I like accuracy. So, when I sew or work on a project, it is my prerogative to save time and money on the process and still make the outcome beautiful.
Which one do you love to do most?
I always think it is the same thing. You dress a space or you dress a person. I don't even know which is easier to do anymore. I just feel I’m a creative. Things speak to me. The way I’ll see a person in a dress and visualise a dress fitting their body and shape is also how I visualise a finished space when it is still undone. The space talks to me and I can immediately tell what I’ll use a corner to do. The way I will sketch a dress is the same way I will sketch a space. You have a privileged background.
Did this in any way make things easy for you, businesswise, or did you have to work your way up on your own?
I have worked my way up by myself. I grew up with a man who made it himself and believes that's the way to do it in life. We were raised with that value. You can make your own money. So, I have never felt entitled in my life. For that, I am grateful. I enjoy working and I don’t believe in retirement. Everything I have is my hard and smart work and the grace and mercy of God.
Having been in the fashion industry for this length of time, are you into some kind of mentorship for people looking to have a career in fashion?
I definitely mentored quite a number of fashion brand owners in 2020, during the COVID-19 lockdown and part of what's available under the BLK platform is mentorship and consulting. I
I have worked my way up myself. I grew up with a man who made it himself and believes that's the way to do it in life. We were raised with that value. You can make your own money, so I have never felt entitled in my life. For that, I am grateful. I enjoy working and I don’t believe in retirement. Everything I have is my hard and smart work and the grace and mercy of God “
have also trained students in pattern making as that's one of my main skills.
Who are the people you take inspiration from in the fashion industry and why?
I used to take inspiration from some particular people in the industry, but to be honest, inspiration overload is now what is available. I would not say it’s this person or that person anymore. I open Pinterest or Instagram and just resonate with quite a bit and I go from there.
What would you consider your greatest achievement in life so far?
My greatest achievement will always be my three boys. Also, because I couldn’t have done that without God. Everything else stems from me and my effort but with my boys, it's all God.
You ended your marriage due to domestic abuse. Have you remarried? Are you looking to give marriage a second chance?
I haven’t remarried and I am not planning to remarry, but like I said before, I am only going with God and if God stirs me the marrying way, I will follow. It’s been me and my boys and wanting to provide as much stability for them as I can. I, especially when I was younger, believed that remarrying was not the best thing for me and my boys. And with my situation, a lot of healing must take place before I can embrace the next phase of my life in that regard.
What are some of the qualities you desire in your ideal man?
I pray that if it's God's plan, he will bring me a good, generous and healthy man.
Agunloye
Agunloye
IVORY UKONU
Wole Olanipekun, Bukola Smith
Bag Honorary Doctorate Degrees
The duo of Wole Olanipekun, SAN, a former President of the Nigerian Bar Association and the immediate past President of the Body of Benchers, a professional body concerned with the admission of successful candidates at the Nigerian Law School Bar Final Examination into the legal profession - has been conferred with an honorary doctorate degree by Babcock University.
He was conferred alongside Bukola Smith, the Chief Executive Officer of FSDH Merchant Bank during the 22nd undergraduate and 12th postgraduate convocation of the university. Olanipekun, who also has a honorary doctorate degree from the Federal University, Oye-Ekiti in Ekiti State in Constitutional Law was awarded the degree in recognition of his contribution to the development of the legal profession in
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ENTERTAINMENT &SOCIETY WEEKLY
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STANLEY UZOCHUKWU CLOCKS 40
INigeria.
Similarly, Smith was conferred with the degree because of her strides in the financial sector.
Smith, who holds an MBA from Alliance Manchester Business School, University of Manchester, United Kingdom, is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN). She is also an Honorary Member of the Chartered Institute of Bankers, and an Associate Member, Certified Institute of Pensions (Nigeria). With over 30 years of progressive experience in the financial industry and a track record of strategic execution and leadership, Smith is also a fellow of the Chartered Institute of Bankers of Nigeria, CIBN. CIBN fellowship is the highest cadre of membership of the institute conferred on individuals as a symbol of lifetime achievements and successes after each person
members of the AfCFTA, the global community and to work for the actualisation of Oyo State's roadmap to sustainable development by 2027 and the development of the State as a whole.
Tlhaselo who is a business development expert and media entrepreneur is the founding Director of Conversation with Africa, CWA and the Business KRAAL with focus on entrepreneurship and trade, investment facilitation wing and business
development consultancy wing, with strategic partnerships in public and private sector, nongovernmental organizations and diplomatic institutions in Botswana, Africa and globally.
The 38-year-old who is a business development expert with over 17 years' experience is a member of the Global Youth Diplomatic Council. She prides herself on being a pan-Africanist and a development activist.
t is hard to believe that Dr Stanley Uzochukwu, who has achieved so much as a businessman, is just 40 years-old. The entrepreneur and Chairman of Stanel Group clocked 40 a few days ago and quite unlike many of his peers who would opt for a grand celebration, he rather chose a unique way to celebrate his landmark age. He organised an afternoon of praise and worship at his luxury 5-star hotel. The Delborough which had only close friends and family in attendance and thereafter, lunch was served.
The accomplished man received goodwill messages from world leaders, such as former Presidents, Goodluck Jonathan, Olusegun Obasanjo, Ghana’s John Dramani Mahama, and Benin Republic’s Thomas Boni Yayi. Nigeria's vice president Kashim Shettima; former Senate President Anyim Pius Anyim; Zamfara State Governor Dauda Lawal, and former Imo State Governor Rochas Okorocha also sent him their best wishes. They all praised him for his achievements in the oil, gas, and hospitality industries, and lauded his philanthropic efforts through the Stanley Uzochukwu Foundation. They particularly noted his dedication to excellence and his significant contributions to the African business landscape, especially the success of The Delborough Hotel in Lagos.
They also didn't fail to recognise that he achieved far more in his 30s than many achieve in a lifetime with Mahama urging him to open a branch of The Delborough in Ghana. These messages underscore the high regard in which Stanley is held across the continent. It is on this note he was appointed a member of the Governing Council of the Igbinedion University in Edo State, making him the youngest member of the governing council in the history of the university. He is also a member of the board of the Nnamdi Azikiwe University Business School.
From an obscure background, to setting up mega businesses, Stanley without a doubt has done quite well for himself. Just as he firmly has his money spinners on lockdown, so has he also firmly secured the home front. The gangly dude is married to Irene, daughter of former minister of women affairs, Pauline Tallen. Both were at some point allegedly separated due to circumstances beyond their control, but they are reportedly back together as man and wife.
Mohammed Bello-Koko to be Crowned Emir of Koko
and the state. He was a great scholar and a teacher. He was also a one-time member of the Governing Board of the University of Maiduguri where he demonstrated visionary leadership. Although no date has been announced for Bello-Koko’s coronation, he is poised to ensure that he replicates the strides his father took as a traditional ruler and surpass it.
Bello-Koko was appointed by President Muhammadu Buhari in May 2021 as the acting MD of NPA. His appointment, confirmed in February 2022, was supposed to lapse in 2026, but with just a year left to complete his tenure, he was given the boot. A very close confidant of Rotimi Amaechi, the immediate past minister of transport who recommended his appointment, sources reveal that he allegedly fell out of favour with a high-ranking politician in the current administration. But the former banker isn't fazed by his removal as he believes he did his best steering the NPA ship. He considers himself a fulfilled man for two reasons: Leading a team that repositioned NPA for greater operational efficiency, unprecedented revenue generation and remittance to the Consolidated Revenue Fund (CRF) of the Federal Republic of Nigeria and for leaving NPA far better than he met it.
Sanusi Lamido's Son Weds Senator Suleiman Nazif's Daughter STORIES BY
Ashraf Adam Lamido, one of the sons of the 16th Emir of Kano, Alhaji Muhammadu Sanusi II defied the ongoing #Endbadgovernance protest to wed his fiancée, Sultana Nazif the daughter of Bauchi prominent politician, Senator Dr. Suleiman Mohammed Nazif.
Anticipation of the wedding began building about two months ago and despite the announcement of a protest against bad governance and hunger, the couple remained unfazed and carried on with the wedding. Festivities for the wedding started on Tuesday July 30 with a 'Sa Lalle', an event which is strictly for the bride and her female guests. This is when the bride gets to spend the last bit of freedom with them. It is a sisterhood event that nurtures female friendship and bond It is also a way for parents to prepare the bride for marriage, an initiation process. The female bonding continued the next day on Wednesday July 31, with a henna party where the application of henna on the bride and her female guests took place. The application of henna serves several symbolic purposes, one of which implies a blissful married life emblematic of vibrance, fertility and attraction of positivity. Later that evening, there was a party where the groom joined the bride. And on Friday August 2, for the grand finale, the couple were joined in holy matrimony at the National Mosque, Abuja and a reception followed immediately after. To avoid prosecution from the Economic and Financial Crimes Commission, EFCC when it was time for naira rain, the couple opted to print their own currency with their pictures emblazoned on it.
Uzochukwu
Olanipekun Smith
The Sanusis
SHOTS OF THE WEEK
Photo Editor: Peace Udugba [08033050729]
L-R: Chief Executive Officer, NGX Regulation Limited (NGX RegCo), Mr. Olufemi Shobanjo; CEO, Nigerian Exchange Limited (NGX), Mr. Jude Chiemeka; Group Managing Director/CEO, NGX Group, Mr. Temi Popoola; Group Chief Executive Officer, FCMB Group, Mr. Ladi Balogun; Executive Director, Coverage and Investment, FCMB Group, Mr Femi Badejo and Executive Director/Group Chief Operating Officer, FCMB Group, Mr. Gbolahan Joshua, during FCMB Group Facts Behind the Offer Presentation in Lagos on July 30, 2024.
L-R: CEO, Sterling One Foundation, Olapeju Ibekwe; Programmes Manager, Oando Foundation and PSAG Education Cluster Lead, Tonia Uduimoh; Lead Consultant, Ace Analytix, Daniel Ikuenobe; Executive Vice President, Africa and Europe, REACH HQ, Toyin Adegbite-Moore and Representative of (UNHCR), Arjun Jain, during a panel discussion on the importance of foundational learning for youth employability and need to position Africa as the global talent sourcing frontier, at the 3rd edition of the Africa Social Impact Summit (ASIS), Co-convened by Sterling One Foundation and the UN Nigeria, in Lagos recently.
for
of
(SEC),
L-R: Representative, National Information Technology Development Agency (NITDA), Dr. Aminu Abdullahi; Convener, Global Tech Africa (GTA) /President, Ascend Studios Foundation, Dr. Inya Lawal; NITDA representative, Hajia Hadiza; Chief Operating Officer, Future Map Foundation, Ahamdu Galadima and Head, Online Sales and Digital platforms, Business Day, Linda Ochugbua, during Global Tech Africa Conference 2024, held at Landmark Event Centre, Lagos on July 24, 2024.
and
Summit in Lagos on
L-R: Chief Operating Officer (COO), Fintech Association of Nigeria, Babatunde Obrimah; Chief Executive Officer (CEO), New Waves Ecosystem, Femi Williams; President, Institute of Chartered Secretaries and Administrators of Nigeria, Funmi Ekundayo; Former Managing Director, Ecobank Nigeria PLC, Patrick Akinwuntan; Managing Director, SystemSpecs Technology Services Limited, Demola Igbalajobi and Chief Executive Officer (CEO), Unified Payment System, Agada Apochi, during the 2nd National Corporate Governance Summit in Lagos on July 27, 2024.
Head,
L-R: Chief Executive Officer, Centre
the Promotion
Private Experience (CPPE), Dr Muda Yusuf; Director General (DG), Securities and Exchange Commission
Dr. Emomotimi Agama
Publisher Oriental News Nigeria Online, Mrs Yemisi lzuora, during the 2024 Oriental News
July 25, 2024.
L-R:
Public Relations, Airtel Nigeria, Sam Adeoye; mother of the quadruplets, Mrs. Abiodun Olayode and Head, Brands and Advertising, Airtel Nigeria, Omobolanle Osotule, during the official presentation of N2million to the Olayode babies as part of Airtel Corporate Social Responsibility (CSR), in Lagos on July 25, 2024.
Nigeria's Olympic Nightmare: a Nation's Sporting Dream Derailed in Paris
BY JUDE OBAFEMI
The 2024 Paris Olympic Games have been nothing short of disastrous for Nigeria. What should have been an opportunity to showcase the nation's athletic talent has instead become a glaring example of the deeprooted issues plaguing Nigerian sports. From administrative blunders to disappointing performances on the field, Nigeria's Olympic campaign has been a series of setbacks and missed opportunities. The women's football team, known as the
Super Falcons, have had a tournament to forget. They suffered three consecutive defeats: 1-0 losses to both Brazil and Spain, followed by a 3-1 defeat against Japan. This string of losses not only eliminated them from the tournament but also equalled their worst-ever Olympic performance from 2008.
The team's inability to score in two of their three matches was particularly frustrating, given the talented attackers in the squad like Asisat Oshoala and Rasheedat Ajibade.
Coach Randy Waldrum's decisions have come under scrutiny, especially his continued selection of Chidinma Okeke despite her defensive errors.
Ezinne Kalu scored 18 points for Nigeria, while Murjanatu Musa contributed 14 points and nine rebounds. However, these individual efforts were not enough to overcome the French team's superior performance. The loss puts significant pressure on the D'Tigress before their final group game against Canada, jeopardising their hopes of becoming the first African team to reach the Olympic quarterfinals in basketball. Perhaps the most egregious incident of Nigeria's Olympic campaign has been the exclusion of Favour Ofili from the women's 100m sprint. Ofili, the Nigerian national champion with a personal best of 10.93 seconds, was inexplicably left out of the event by the country's athletics Federation. This administrative error has robbed a talented athlete of the chance to compete at the Olympics and potentially win a medal for Nigeria.
Ofili's omission is not an isolated incident but part of a disturbing pattern of administrative incompetence. In 2019, she almost missed the World Championships due to paperwork issues. In 2021, she was absent from the Tokyo Olympics because Nigeria failed to meet minimum testing requirements. These repeated failures have not only affected individual athletes but also damaged Nigeria's chances of Olympic success.
Nigeria's poor performance in Paris is, unfortunately, not unusual
The women's basketball team, the D'Tigress, initially provided a glimmer of hope with a surprise victory over Australia, their first Olympic win in 20 years.
This achievement was particularly noteworthy, considering that the team had been denied access to Nigeria's boat during the opening ceremony due to space limitations. However, the joy was short-lived. In their second group game, the D'Tigress suffered a heavy 75-54 defeat against France.
The game started promisingly for Nigeria, trailing only 24-20 after the first quarter, but the French team's skill and experience proved overwhelming. By the end of the third quarter, France led 56-41 and went on to win by 21 points.
The Nigerian Minister of Sports, John Enoh, has promised to investigate Ofili's exclusion. He stated that Ofili's name was included on the registration forms for the 100m, 200m, and 4x100m relay events, but the forms were not properly submitted to the Nigerian Olympic Committee. This explanation has done little to alleviate the frustration felt by Nigerian sports fans and athletes alike.
Ofili herself expressed her disappointment in a social media post, questioning the point of her four-year effort to earn this opportunity. Her frustration is understandable and highlights the human cost of these administrative failures. Such incidents not only crush the dreams of individual athletes but also tarnish the reputation of Nigerian sports on the global stage.
The systemic nature of these problems is evident in the fact that at the previous Olympic Games, 14 Nigerian athletes were barred from competing due to inadequate testing provisionsanother failure attributed to the Athletic Federation of Nigeria (AFN), Nigeria Olympic Committee (NOC), and the Nigerian Anti-Doping Committee (NADC).
Super Falcons Enoh
