MONDAY 15TH JANUARY 2024 by THISDAY Newspapers Ltd

Presidency: We Won’t Spare Anyone Found Culpable in Humanitarian Ministry Scandal Declares nobody will be left out as investigating panel goes to the root of crisis Says Tinubu will fix issues of incompetence

Deji Elumoye in Abuja The Presidency, yesterday, said

the President Bola Tinubu-led administration would not spare any individual found culpable

in the ongoing investigation into the alleged fraud in the Ministry of Humanitarian Affairs

and Poverty Alleviation and its Social Investment Programmes. Special Adviser to the President

on Media and Publicity, Ajuri Ngelale, made this disclosure when he spoke on a national

television programme.

FG Expresses Concern over Incessant Attacks on Power Assets...

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Monday, January 15, 2024 Vol 28. No 10505. Price: N400

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Mixed Reactions as Nigerians Crowdfund Ransom to Rescue Family of Six Abuja Captives Pantami says friend raised N50M Rejig security architecture, kidnappers, bandits operating unhindered, Atiku charges FG

Emmanuel Addeh and Chuks Okocha in Abuja and Chiemelie Ezeobi, Sunday Ehigiator, Ayodeji Ake in Lagos

Mixed reactions have followed the call to crowdfund a N6 million ransom demanded by kidnappers

for the release of the remaining five daughters of Alhaji Mansoor Al-Kadriyar. Six siblings were abducted from their father's

house in Bwari Council, Abuja, on December 26, 2023, alongside their father, while his younger brother, Abdulfatai, was killed

on the spot by the abductors. one of his daughters, Nabeeha, Although their father was last Friday for failing to raise the later released to go and raise Continued on page 5 the ransom, the kidnappers killed

PDP Heads to NJC over Appeal Court Verdict Ousting Plateau Lawmakers Injustice inflicted on Plateau irreversible, says Ozekhome Other senior lawyers say, state govt can approach Supreme Court to set aside judgment Chuks Okocha in Abuja and Wale Igbintade in Lagos The National Working Committee (NWC) of Peoples Democratic Party (PDP) has sent petitions to the National Judicial Council NJC) and Federal Judicial Service Commission over its members in the Senate, House of Representatives, and Plateau State House of Assembly sacked by the Court of Appeal last year. The Court of Appeal sitting in Abuja had in November last year sacked all 16 members of PDP in the Plateau State House of Assembly for pre-election matters bordering on alleged disobedience of court order and lack of political structure. Before then, the appeal court had sacked four PDP members of the House of Representatives from the state and two senators. Continued on page 5

REMEMBERING THE FALLEN HEROES... L-R: Mrs Femi Gbajabiamila, the representative of the First Lady, Senator Oluremi Tinubu; President of the Senate, Godswill Akpabio; Dr J.C Alonso; Chief of Defence Staﬀ, Christopher Musa and wife, Mrs. Oghogho, during the Armed Forces Remembrance Service, held at the National Christian Worship Center, Abuja .... yesterday

Adeniyi: We’ll Drive More Efficient, Transparent Revenue-optimised Operations in 2024...

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FG Expresses Concern over Incessant Attacks on Power Assets Set to enact new law to curb menace Emmanuel Addeh in Abuja The federal government has expressed worry over the frequent destruction of electricity assets nationwide, stressing that it was in the process of making a new law to tackle the menace. Speaking at the inauguration of a 300KWp Solar PV pilot project in Kainji, Niger State, the Minister of Power, Mr Adebayo Adelabu, reiterated that the destruction of some power towers around the country had been reported to the National Security Adviser (NSA) in order to strengthen security

around the power infrastructure. A statement in Abuja by the Special Adviser, Strategic Communication and Media Relations to the Minister, Bolaji Tunji, stressed that Adelabu again emphasised the need for Nigerians and the different communities where the facilities are located to protect them. “It is of no use to expend so much energy in providing power facilities if the delivery channel is weak, that is why the ministry is concentrating on improvement of the transmission and distribution capacity.

“But what is the essence of government and private companies expending resources on these power facilities while some elements within the society will deliberately move to destroy the facilities which are national assets. “What we witnessed towards the end of 2023 was disheartening. Some of the power towers were brought down with loss of lives, in some cases, this is quite unfortunate. We should take it as a personal and collective responsibility to protect the infrastructure,” he added. He stressed that plans were also

underway to wield the big stick on power theft through adequate legislation in order to serve as deterrence to others. While commissioning the project, Adelabu said the it will primarily increase power generation capacity, lower electricity costs while also fostering enhanced collaboration between the main concessionaire, Mainstream Energy Solution and its Chinese partner, HEDC in the renewable energy field. The minister stated that the power project comes with 675KWh Battery Energy Storage System (BESS), which is an integral part

of the extension of 1G3 and 1G4 under the rehabilitation of the 1G9 in Kainji HPP project. He said efforts were progressing in achieving President Bola Tinubu’s turnaround agenda on supply of reliable and quality power, noting that the power ministry's objective ws to meet power demand. He stated that this will be done by ensuring improved distribution and transmission infrastructure to minimize technical and commercial losses, closing the metering gap and resolving the liquidity, power theft and vandalism challenges.

Adelabu

MIXED REACTIONS AS NIGERIANS CROWDFUND RANSOM TO RESCUE FAMILY OF SIX ABUJA CAPTIVES said ransom, leaving five alive. Nabeeha's death got the family and well-wishers scrambling to raise the funds, with appeals for help flooding social media platforms. In a bid to raise money, Nigerians were urged to donate whatever they could into a crowdfunding bank account to aid the family. But the move drew mixed reactions, as some Nigerians decried the trend, noting that it would merely embolden the kidnappers to abduct more. Others were, however, of the opinion that lives were at stake and so should be the priority, and nothing was amiss since the masses had become their own government in providing basic amenities for themselves.

Joining the latter school of thought, former Minister of Communications and Digital Economy, Isa Pantami, said his friend had brought N50 million to aid the release of the girls, as the ransom deadline of Tuesday, January 16, approached. Pantami said on his X handle, "I am personally not in support of paying ransom to criminals. "However, since it became clear that we lost our daughter, Nabeeha, yesterday, and the five remaining daughters have been threatened, as I spoke with the father on the matter yesterday and today. “Furthermore, I spoke with a friend and a brother who offered to pay the remaining N50 million of the N60 million immediately. I conveyed the account number of the father of our daughters,

Mansoor Al-Kadriyar, to the friend and brother to send the money directly. "Any additional amount earlier generated from yesterday, the father can use to treat the daughters and other family members, in sha Allah." On why the NIN-SIM data, which he enforced while in office, could not be utilised in tackling crime, Pantami blamed the security agencies for failing to utilise data generated. The data generated from National Identity Number (NIN), which is linked to the Subscriber Identity Module (SIM), was initially built to track and curb crimes involving the use of mobile phone. When the order to that effect was approved by former President Muhammadu Buhari in 2020,

Nigerians whose SIM cards were not connected to NIN had their lines disconnected. Reacting to Mr Mentus’s tweet @RolandMentus, questioning the lack of NIN tracking, Pantami wrote, “NIN-SIM policy has been working. However, the relevant institutions fighting criminality are to be requested to ensure they utilise it effectively when a crime is committed. Lack of utilising it is the main problem, not the policy. "On the lack of utilisation, I am more worried than anyone, as my life was threatened by criminals for reintroducing it, including on BBC Hausa and and national dailies; I resisted and ensured its implementation. “If it is not being utilised by the relevant institutions in charge of securing lives and property, then

PDP HEADS TO NJC OVER APPEAL COURT VERDICT OUSTING 15 PLATEAU LAWMAKERS Foremost lawyer, Chief Mike Ozekhome, SAN, accused the appeal court of taking away the voting rights of the people of Plateau State, adding that the injustice inflicted on the people would last until the next four years. However, while Ozekhome was of the view that the situation was irreversible, other senior lawyers said the Plateau State government is the only one who could approach the Supreme Court to set aside the grounds which the Court of Appeal relied on in delivering its judgement which the apex court has described as "perverse." Justice Inyang Okoro, who headed the five-member panel of the Supreme Court that reversed the sack of Plateau State Governor Caleb Mutfwang, had in his consenting decision last Friday said, "The issue of nomination is exclusively the internal affairs of a political party. Therefore, it is not justiciable." Apparently referring to the sacked lawmakers, Okoro said, “My only worry is that a lot of people have suffered as a result of the Court of Appeal's decision. It was absolutely wrong. The appeal is allowed.” Equally consenting that the Court of Appeal overreached itself, Justice Helen Ogunwunmiju said, “It was very wrong for the Court of Appeal to go into the issue of party congresses. To make matters worse, the party challenging the issue is another political party.” Ogunwunmiju added that the Court of Appeal made a fundamental error by shifting the burden of proof on Mutfwang. Justice Adamu Jauro also agreed with the judgement. Justice Emmanuel Agim said, “We have held in a plethora of cases that the sponsorship of a candidate for election is an internal affair of a political party. The Court of Appeal lacks the jurisdiction to determine the validity of the candidacy of the PDP.” Based on the apex court’s decision reversing the sack of the Plateau State governor by the appeal court and the consenting opinions of the justices, Deputy National Publicity Secretary of PDP, Ibrahim Abdullahi, told THISDAY yesterday that the party had resolved to petition the relevant institutions in the federal judiciary to review the Court of

Appeal’s decisions regarding the alleged injustice against the 16 lawmakers from Plateau State. Abdullahi said, "Certainly, yes, we have already commenced efforts in that regard. This is because what the Supreme Court justices did was an indictment on the Justices of the Court of Appeal. "We have always maintained that line of argument. We are going to seek redress on the members of parliament concerned. Senate, House of Representatives and House of Assembly. The redress will focus on their respective offices." The affected PDP national and state assembly members included Senator Napoleon Bali, whose victory was nullified and handed freely to Senator Simon Lalong, the former Senate Minority Leader. Simon Mwadkon’s victory was annulled and the senatorial zone was ordered to go for another election. Those affected in the lower chamber included Hon. Beni Lar, daughter of Solomon Lar, Musa Bagos, and Musa Agah, who were sacked by the Court of Appeal on the ground of invalid nomination. Affirming PDP’s decision to go to the federal judiciary to seek a review, former governor of Plateau State, Senator Jonah Jang, said, in a statement signed by his media consultant, Mr. Clinton Garuba, “As sad as it is, the damage that has been done to Plateau by the miscarriage of justice at the Court of Appeal is of great proportion because the kind of judgements that were delivered by the court have robbed the people of their rightful representation both at the state and the National Assembly. But all hope is not lost. “The good people of Plateau State, through the government of Plateau State and the PDP, have already petitioned the National Judicial Council (NJC) to review all the judgements involving Plateau State that were delivered by the Court of Appeal, which effectively stopped those that have been elected into the national and the state of assemblies from representing their constituencies. “We thank Plateau people for their vigilance; for trooping out in their hundreds and thousands in condemnation and resistance after

the miscarriage of justice by the Court of Appeal. They all came out to lend their voice against the injustice. We salute your resilience. “With the Supreme Court’s judgement, it has become an abnormality for them to remain as legislators when they could not win elections at the poll. This should not be allowed to stand. The authorities must give back to the people their true representatives and restore their mandate.” Mutfwang also said, “We have just crossed the bridge and when we settle down to savour this victory, we will know what to do.” The governor thanked their lordships at the Supreme Court for restoring confidence in the judiciary, and President Bola Tinubu for showing himself as a true democrat. Acting National Chairman of PDP, Ambassador Iliya Damagum, had in November called for the review of the judgements of the Court of Appeal on the 16 members of the House of Assembly and the others from the House of Representatives and Senate. The party sought the review of what it described as “biased” verdicts delivered by election panels set up to entertain appeals from petition tribunals. Speaking on the recent judgement of Supreme Court, Ozekhome said there could not be a judicial review of an election petition that ended at the Court of Appeal, the court being the final court in such matters. He said the injustice inflicted on Plateau State was an irreversible damage because the Court of Appeal was the last court for National Assembly and House of Assembly matters. He stated, "In the case of Plateau State, the wrongs had been done. It is an irreversible damage because the Court of Appeal is the last court for National Assembly and House of Assembly matters. “Now that we have a full complement of the Supreme Court, there may be need to look at the Electoral Act again, to say that all such matters should henceforth go to the Supreme Court. "What it means is that the Court of Appeal successfully took away from the people their voting rights. The people voted for the people

removed from office, but the Court of Appeal did not allow their votes to count.” Ozekhome added, "While the people voted for people they wanted, the Court of Appeal said no, we are giving you different candidates. That is the concept I referred to as 'Judocracy' from my own 'Ozekpedia'. "Judocracy is a process whereby presidents, governors, senators, House of Representatives members, House of Assembly members, chairmen of local government, counsellors are integrated, midwifed, and delivered in the hallowed court of law rather than through the ballot papers. "That is crazy, that is far from 'demo' (democracy). It is not democracy, which is a famous concept conceptualised by Abraham Lincoln on the 19th of November 1863, when he described democracy as government of the people, for the people and by the people. "For those senators, House of Representatives members, and members of House of Assembly that were brought back in Plateau, they represent government of Court of Appeal, for the Court of Appeal and by the Court of Appeal. It is certainly not the government of the constituents of those senatorial zones and Houses Representatives zones, and it's very sad.” Commending the Supreme Court for speaking out against injustice, Ozekhome stated, "The Supreme Court spared no efforts in tongue-lashing Court of Appeal, and flogging them with judicial koboko on their bare buttocks for their great miscarriage of justice that they committed. These are the things that bring disgrace, shame on the judiciary. Thank God the Supreme Court rose to the occasion. "In all of the governorship matters decided, the Supreme Court decided to give vent to edify and magnify the concept of the franchise of the people, they made sacred and sacrosanct the ballots box and the ballot paper. "The Supreme Court in all its judgements showed that votes must not only be counted but must also be allowed to be counted. So, the Supreme Court's judgements on Friday were all pro-people, and I got up at the Supreme Court to praise them."

I am more frustrated than any person, as I sacrificed my life and ignored all the threats to life. This is just a point out of 100 on the policy." Reacting to the kidnap incident, former Vice President, Alhaji Atiku Abubakar, in a statement on X, lamented that kidnappers and bandits were operating unhindered in the country. Atiku wrote, “I am saddened by reports of the brutal murder of Nabeeha Al-Kadriyar, who was abducted with her siblings and has been in the custody of their abductors for almost two weeks. “This is yet another reminder that kidnappers and bandits are operating unhindered in our country. “The security architecture needs to be rejigged to the extent that it stems from the free rein of criminal elements and guarantees the safety of lives and property. “The security agencies should step up action to rescue the rest who are still in the custody of the kidnappers.” Meanwhile, spokesperson of the Nigeria Police, ACP Olumuyiwa Adejobi, drew the ire of Nigerians

on X, when he told an X user to stop crying more than the bereaved. Responding to a user with the handle, @itz_Jayb1, who had asked him to reach out to the affected family directly for more information about the incident, instead of seeking open communication, Adejobi said, “Don't cry more than the bereaved, Ok.” Salah Ad-Din II wrote, "This kind of brazen insensitivity in such trying times deserve to be sanctioned. At the very least, ACP Muyiwa should cease to be the spox of NPF. "When a spox tactlessly draws the ire of the public consistently. He's a liability to effective communication and public relations." @Allezamani wrote, "Nigerians are in for a long ride, may we never need the help of the Nigeria Police force." @Abdyekeen-Bash wrote, "You're doing more damage to the police and yourself, this is how revolution starts, talking arrogantly like this amounts to mocking the victims and the ordinary sympathisers. You can keep quiet you know."

PRESIDENCY: WE WON’T SPARE ANYONE FOUND CULPABLE IN HUMANITARIAN MINISTRY SCANDAL Shedding more light on the on-going probe, Ngelale said, “The President has given full instruction to the EFCC chairman to not only conduct a thorough investigation. “The way the president would direct such an investigation is to say that nobody, no name, should be left out if they are found wanting in the situation. No sacred cows at all. “Anywhere this investigation takes the EFCC and other investigating authorities. That is where the investigation must go and the president will take action accordingly.” The presidential spokesperson added that the president had “since made it clear to all members of his administration, that he would not tolerate any form of indiscipline, corruption, dereliction of duty or any other form of incompetence. "President Tinubu is going to let time go by. If he fully understands that somebody is not up to the task, he will fix the problem and fix it as quickly as possible,” he added. While suspending the Minister of Humanitarian Affairs and Poverty Alleviation on January 7, President Tinubu had directed the Chairman of EFCC to “conduct a thorough investigation into all aspects of the financial transactions involving the Federal Ministry of Humanitarian Affairs and Poverty Alleviation, as well as one or more agencies thereunder.” He also tasked the ministerial panel headed by the Coordinating Minister of the Economy and Minister of Finance, Mr Wale Edun, to, among other functions, “conduct a comprehensive diagnostic on the financial

architecture and framework of the social investment programmes to conclusively reform of the NSIPA, and relevant institutions and programmes in a determined bid to eliminate all institutional frailties for the exclusive benefit of disadvantaged households and win back lost public confidence in the initiative.” A presidency source re-echoed the importance of the investigation saying, "this much deeper look into all aspects of the operations of the programme." Edu became the focal point of Nigerians’ ire after a leaked memo on December 20 revealed that she allegedly directed the Accountant-General of the Federation, Oluwatoyin Madein, to transfer N585 million to a private account owned by one Oniyelu Bridget, who the ministry claimed currently serves as the Project Accountant, Grants for Vulnerable Groups. In a statement signed on January 6, 2024 by the Minister of Information and National Orientation, Muhammad Idris, the federal government affirmed that it is “determined to unravel the truth as it relates to this matter,” promising that, “appropriate action will be taken to ensure that any breaches and infractions were identified and decisively punished.” On January 12, days after suspending Edu, the president also suspended all Social Investment Programmes administered by the National Social Investment Programme Agency, including the school-feeding programme, for six weeks. A day later, he approved Continued on page 9

T H I S D AY • MONDAY, JANUARY 15, 2024

NEWS

Group News Editor: Goddy Egene Email: Goddy.egene@thisdaylive.com, 0803 350 6821, 08074010580

PRE-INAUGURATION CUM ARMED FORCES REMEMBRANCE DAY THANKSGIVING SERVICE... L-R: Imo State Chief Judge, Justice Theresa Chikeka; Governor Hope Uzodimma and wife, Chioma; Catholic Archbishop of Owerri, Most Rev. Lucius Ugorji and Deputy Governor of Imo State, Prof. Placid Njoku at the Pre- inauguration cum Armed Forces Remembrance Day Thanksgiving Service at Maria Assumpta Cathedral Owerri...yesterday

Adeniyi: We’ll Drive More Efficient, Transparent Revenue-optimised Operations in 2024 James Emejo in Abuja The Comptroller-General of Customs (CGC), Mr. Bashir Adeniyi, has said stakeholders’ engagement will define the Nigeria Customs Service (NCS)’ revenue drive towards a more efficient, transparent, and revenue- optimised operation for the benefit of the country this year. He also said the NCS will maintain a zero-tolerance stance towards indiscipline and noncompliance in the year 2024, warning all officers and stakeholders to adhere strictly to established procedures and regulations. The CGC further emphasised that the success of customs revenue drive depended on collective efforts, discipline and commitment of stakeholders, pointing out that maximum cooperation was expected from all. Notwithstanding the operational challenges the service encountered in 2023 due partly to government’s policy changes, the NCS managed

to generate a whopping N3.20 trillion for the year, a record that is unprecedented in the history of the service. Adeniyi has been commended for the frenetic and innovative strategies he employed to cause a major rebound in customs revenue collection which had witnessed a decline before his assumption of office. The year was marked by operational challenges including lower transaction volumes, compliance issues, inadequate infrastructure, and capacity gaps – compounded by delays in policy implementation and socio-political factors. Also, the anxiety associated with a major election year, prolonged cash crunch linked with the Naira redesign programme of the Central Bank of Nigeria (CBN) which temporarily impacted purchasing power and economic activities, further hampered revenue the service’s revenue prospects. Specifically, the transition of

LIRS Affirms January 31 Deadline for Submission of Annual Tax Returns The Lagos State Internal Revenue Service (LIRS) has communicated a reminder to all employers of labour to submit their annual tax returns on or before the stipulated deadline of January 31, 2024. The Executive Chairman of LIRS, Mr. Ayodele Subair, conveyed this in an official statement released by the agency, according to the Head, Corporate Communications, Monsurat Amasa-Oyelude. Subair emphasised that employers of labour with businesses located within Lagos State must adhere to the deadline, as failure to comply will result in penalties and other statutory sanctions outlined in section 81(3) of the Personal Income Tax (Amendment) Act 2011. He reiterated that the exclusive platform for filing annual income tax returns in Lagos State is the LIRS e-Tax portal: https://etax. lirs.net, as manual filing is no

longer permissible. He urged businesses and employers to leverage the e-tax portal for filing, citing its user-friendly, convenient, and secure nature. "The e-Tax portal is designed for the convenience of taxpayers, making tax transactions easily accessible from the comfort of homes and offices," noted Subair. He emphasised that the taxpayer ID is a mandatory requirement for all employers to file their annual income tax returns on the e-tax portal. Employers within the State, he said, are advised to generate a taxpayer ID (where applicable) for their employees and to file their P.A.Y.E returns through the e-tax portal. To facilitate compliance and address any filing-related concerns, LIRS, he said, has designated staff at its various offices to assist taxpayers in utilising the e-tax portal.

power to the President Bola Tinubu-led administration which brought about a new policy direction, including the removal of fuel subsidy, the floating of the exchange rate, and the closure of the country’s Northern borders with Niger Republic, all made the operating environment difficult for the service. This expectedly led to a revenue shortfall of N532 billion compared to the N1.84 trillion target in the first half of 2023. Adeniyi, who took over the helm of affairs of the customs in July 2023 in acting capacity was eventually confirmed as the substantive CGC in October. Following his appointment and his merit-based reconstitution of the customs management team, they downward trajectory of customs revenue collection was quickly reversed, leading effectively to a significant shift that enabled the service to exceed monthly revenue targets by 6.71 per cent for the first-time last year. Specifically, his efforts led to a 21.4 per cent increase in revenue

performance compared to N2.64 trillion recorded in the preceding year, but fell short of the N3.68 trillion target for the year by N478 billion in the review period. The performance was, nonetheless considered satisfactory in view of the challenging operating environment the service found itself. Adeniyi, said the consecutive expansion in revenue underscores the service’s sustained efforts in optimising collection for the federal government, noting that the growth aligned with its consistent upward trajectory as evidenced by a 17.88 per cent revenue increase in 2022. Adeniyi pointed out that the improved revenue collection in the second half of 2023 played a crucial role in significantly reducing the revenue deficit by 10 per cent from N532 billion to N478 billion by year-end. According to him, monthly revenue collection for the latter half of the year averaged N332.9 billion, a substantial increase from the initial N201.7 billion recorded in H1 2023.

On assumption of office, the CGC effected an immediate establishment of a Revenue Review Recovery Team and the dissolution of existing Strike Force Teams, as well as streamlined enforcement under the Federal Operations Unit (FOU). He said improved revenue collection in the second half of the year played a crucial role in significantly reducing the revenue shortfall by 10 per cent from N532 billion to N478 billion by year-end. According to him, monthly revenue collection for the latter half of the year averaged N332.9 billion, a substantial increase from the initial N201.7 billion recorded in H1 2023. He specifically attributed the positive trend to strategic measures, including the immediate establishment of a Revenue Review Recovery Team and the dissolution of existing Strike Force Teams, and streamlining enforcement under the Federal Operations Unit (FOU). Other notable policy changes included the strategic reassignments of Customs Area Controllers, the creation

of an ideas bank, and extensive stakeholder engagements – all of which collectively contributed to the impressive rebound in customs revenue generation last year. Obviously, the NCS would have surpassed its revenue target for the review period but for the huge revenue that was lost to waivers and concessions on goods. In 2023, the federal government approved concessions worth N2 trillion, incorporating select dutiable items under the new tariff heading Chapter 99. The deficit in revenue collection was partly attributed to the deliberate government initiatives and incentives designed to foster the growth of various sectors within the economy. Nevertheless, Adeniyi said, “It is regrettable that our understanding of these waivers is only limited to the figures but there are benefits that we can have. “But the concerns that customs have is that the environment under which we operate these waivers and concessions must be transparent.

HURIWA Kicks against Movement of Selected CBN Departments to Lagos Alleges decision politically motivated

Chuks Okocha in Abuja Prominent civil rights advocacy group, the Human Rights Writers Association of Nigeria (HURIWA) has opposed the plan by the new Central Bank of Nigeria (CBN) Governor, Mr. Olayemi Cardoso, to transfer some departments of the apex bank to Lagos. The rights group said the decision was political and was reminiscent of the “notoriously petty politics” that go on in some states of the federation whereby governors newly elected and sworn-in, rapidly move state universities to their local government areas. Besides, HURIWA argued that it makes no logical sense to say that the attempt to decongest the Abuja headquarters of the CBN was a

reason for transferring departments of the CBN to Lagos. It added that that same reason of over-congestion of the entire Lagos state was why the Federal Capital Territory (FCT) was set up in the first place by law, which is subsisting and binding on all persons and authorities as Nigeria's federal capital and seat of government. The rights group in a statement by the National Coordinator, Emmanuel Onwubiko, said the decision by the new CBN chief was tantamount to disrespecting section 298 of the constitution of Nigeria which states unambiguously that the FCT shall be the capital of the federation and seat of government of the federation. HURIWA argued that the enabling Act that set up the CBN prescribed the legal functions to

include being the official banker of the government of the federation. It argued that this emphatically means that the CBN must be domiciled wherever the seat of government is located by law, which for now is Abuja. It described the reason given for the plan to move some departments to Lagos as puerile and laughable. HURIWA accused Cardoso of executing ethnic agenda by attempting to move strategic departments of the CBN to his state of origin which is Lagos. It wondered that if the erstwhile governor of CBN for almost a decade, Mr. Godwin Emefiele had moved some departments to Asaba, the Delta State capital, which is his state of origin, whether the Lagos-born CBN governor will still

have other departments to move to Lagos as being contemplated. HURIWA urged the CBN chief executive to perish what it said was a politically toxic plot because it will be very a dangerous precedent. The rights group said the new leadership of the CBN, by planning to move departments of the bank to Lagos was dragging the hand of the clock backwards in Nigeria. It recalled that some staff members of the bank had reportedly resisted the transfer and claimed that it is motivated by tribal sentiment. The group argued that all departments of CBN headquarters must be in Abuja while those staff already in the Lagos office should be instructed to handle assignments involving banks based in Lagos.

MONDAY JANUARY 15, 2024 • T H I S D AY

T H I S D AY • MONDAY, JANUARY 15, 2024

NEWS

COURTESY VISIT BY THE MINISTER OF INDUSTRY, TRADE AND INVESTMENT... L-R: Public Aﬀairs, Communications and Sustainability Director, The Coca-Cola Company, Mrs. Nwamaka Onyemelukwe; Board member, Nigerian Bottling Company (NBC) Limited, Mr Olaolu Akinkugbe; Minister of Industry, Trade, and Investment, Dr. Doris Nkiruka Uzoka-Anite; Managing Director, NBC, Goran Sladic; and Corporate Aﬀairs and Sustainability Director, NBC, Oluwasoromidayo George, ETOP UKUTT during a courtesy visit by the minister to the Nigerian Bottling Company Ikeja Plant ... recently

Tinubu: My Government Committed to Rapid Development of N'Delta Region Promises to ensure successful execution of ongoing projects Gets update on projects, initiatives in N'Delta ministry Ogoni group urges president to probe Wike over $900m compensation Deji Elumoye in Abuja and Blessing Ibunge in Port Harcourt President Bola Tinubu, at the weekend, reiterated that his administration was committed to the rapid development of the oil-rich Niger Delta. Speaking during a meeting with Minister of Niger Delta Development, Hon. Abubakar Momoh, at State House, Abuja, Tinubu pledged unwavering support and assistance to ensure the successful execution of projects and programmes that would bring about sustainable growth and improvement in the lives of people in the region.

He expressed appreciation for the ministry's endeavours, acknowledging the critical role the Niger Delta plays in the country's economic and social life of the country. He commended the minister for the progress made and the dedication exhibited in addressing the unique challenges faced by the region. Earlier, Momoh provided a comprehensive update on ongoing activities and initiatives within the Niger Delta Development ministry. He sought the president's support and commitment towards the sustainable development of the region.

Oyebanji: Bisi Akande is a Living Legend

Gbenga Sodeinde in Ado Ekiti

Ekiti State Governor, Mr. Biodun Oyebanji, has described a former Governor of Osun State and frontline leader of the All Progressives Congress (APC), Chief Bisi Akande, as a living legend, who has contributed immensely to nation-building through his sound democratic ideas. Oyebanji, who stated this yesterday during the prebirthday lecture and inter-faith thanksgiving and prayers organised to commemorate Chief Akande’s 85th birthday at his residence in Ila Orangun, Osun State, said the former governor was a true democrat and a living example of a true leader, whose virtues of accountability, transparency, and selfless service are worthy of emulation. Expressing his admiration for Akande’s exceptional qualities, Oyebanji, who was the special guest of honour at the events, said Akande was not only a great man but also a great mind whose extensive contributions to Nigerian politics and steadfast dedication to the principles of nationalism has made him a beacon of inspiration for many leaders and aspiring leaders. He described Akande as one

the great political leaders, who worked tirelessly to ensure the emergence of President Bola Ahmed Tinubu as President of the country. While thanking the former Osun governor for the continued guidance and mentorship he provides, Oyebanji commended his remarkable depth of knowledge on various issues, spanning government, economy, international affairs, among others. “We are here to celebrate a great man, a great mind, a nationalist and a truly Awoist that is still living. Thank you for your generosity of spirit, thank you for living a selfless life and for staying connected to your root, Ila Orogun,” the governor said. Several of Akande’s followers and admirers, including children and youths, thronged his Ila Orangun residence for the pre-birthday events. Oyebanji was accompanied on the visit by the Ekiti State Chairman of APC, Barrister Paul Omotoso; Chairman, Local Service Commission, Chief Alaba Abejide; Commissioner for Wealth Creation and Employment, Otunba Kayode Fasae and Special Adviser on Media, Mr Yinka Oyebode.

Momoh highlighted the vital projects and initiatives undertaken by the Niger Delta Development ministry to uplift the socio-economic landscape of the region. He further presented a detailed overview of ongoing infrastructure projects, community development programmes, and efforts to address certain environmental concerns in the Niger Delta. The minister added that the ministry was poised to leverage the commitment from Tinubu to further advance its mission of fostering holistic development, infrastructure enhancement, and community empowerment in the region. Meanwhile, a coalition of youth groups in Ogoniland called on Tinubu to probe the alleged payment of monies

meant for Ogoni development by Shell Nigeria Exploration and Production Company (SNEPco) to Minister of the Federal Capital Territory (FCT), Nyesom Wike. The groups, under the aegis of National Youth Council of Ogoni People (NYCOP), made the call yesterday, at a meeting facilitated by the Ogoni Liberation Initiative (OLI) in Bori, Khana Local Government Area of the state. President of NYCOP, Barinuazor Emmanuel, who spoke on behalf of the groups, said the $900 million (equivalent to N1 trillion) was meant for settlement of Ogoni people between October 2021 and September 2022, over the divestment of Oil Mining Lease (OML11) to the SNEPco and the Nigeria National Petroleum Company Limited (NNPCL).

Emmanuel said the probe became necessary as the Ogoni people had not been briefed on how the money was accessed or expended. He stressed, "It has come to our notice that between October 2021 and September 2022, the Nigerian government began negotiations with Shell Nigeria Exploration and Production Company over the handing over of the Ogoni field in its possession, OML 11, to the Nigerian government via the Nigerian Petroleum Development Company (NPDC). "At the conclusion of this negotiation, which was spearheaded by the current Minister of the Federal Capital Territory, Nyesom Wike, in his then capacity as Governor of Rivers State, over $900 million, in equivalence of over

N1trillion, was paid by Shell for the development of Ogoni in addition to handing over its assets to the NPDC. "Be that as it may, Ogoni people have not been properly informed of this fund from the appropriate quarters, such as the Nigerian government, the Rivers State Government, the NNPCL, SNEPco, or former Governor Nyesom Wike, who spearheaded the negotiations on behalf of the Ogoni people. "On the other hand, information available to us shows that over $300 million (over N360 billion) of the funds meant for the development of Ogoni has been shared amongst a few individuals with no recourse to the Ogoni people. We do not only find this insulting, we also find it inciting.”

NAMA Admits Obsolete Navigation Aids, to Modernise Airspace Communication Chinedu Eze The Nigerian Airspace Management Agency (NAMA), has admitted that many of its navigational aids had become obsolete but would start the modernisation of the most critical of them all, communication in the airspace. The agency has been grappling with the Total Radar Coverage of Nigeria (TRACON), which became inefficient over the years because some of its parts had become outmoded. In a statement by the agency yesterday and signed by the Director, Public Affairs

and Consumer Protection, Addullahi Musa, NAMA said it would immediately tackle the intractable communication challenges in Nigeria’s airspace and assured the people that the myriads of problems plaguing communication between pilots and controllers would soon be a thing of the past. The Managing Director of the agency, Ahmed Farouk, promised to immediately fix the communication problem and also declared emergency on power supply, as NAMA’s installations provided 24 hours service to ensure that aircraft flew safely in Nigeria’s airspace

and therefore needed 24 hours power supply. The agency disclosed that it spent humongous amount of its revenues on diesel to power its generators and recently considered investing in solar systems. "The communication architecture of Nigerian airspace is now broadened, addressing issues that were prevalent before. We are dedicated to ensuring seamless communication between pilots and air traffic controllers," the Managing Director said. He also disclosed that the federal government has acceded to the overhaul

and modernisation of the communication architecture of the country's airspace. Air Traffic Controllers had warned that TRACON’s obsolete parts could threaten safety in the airspace and called for the upgrade of the equipment. Controllers stressed the need for urgent action to be taken to repair and upgrade the equipment, stating that TRACON had become deficient in its communications and surveillance functions and demanded urgent rehabilitation before it breaks down and jeopardises flight operations in Nigeria.

N'Assembly Extends Recess, Resumes January 30 Adedayo Akinwale in Abuja The National Assembly yesterday announced that it had extended its resumption by a week. The spokesperson of the House Committee of

Representatives, Hon. Akin Rotimi, in a statement issued said the legislative arm was initially scheduled to resume on January 23. He said the decision to extend the resumption followed a communication by the Clerk

of the House of Representatives, Dr. Yahaya Danzaria to members of the Green Chamber on Friday, January 12, 2024. Rotimi noted: "The House of Representatives has announced an extension of its ongoing recess, with resumption of

members now slated for Tuesday, January 30, 2024. "This announcement follows a communication by the Clerk of the House of Representatives, Dr. Yahaya Danzaria to members of the Green Chamber on Friday, January 12, 2024."

T H I S D AY • MONDAY, JANUARY 15, 2024

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EXPANDING BRAND EXPERIENCE... L-R: Founder, Smart Stewards Financial Advisory Limited,Sola Adesakin; CEO, Penzaarville Africa, Olufemi Oguntamu;CEO, AT3 Resources, Tosin Adefeko; Associate, Banwo & Ighodalo, Temilola Muyiwa-Ajayi; Senior Account Manager, AT3 Resources, Oluwatosin Ojebisi, and Corporate Communications Manager, Anglophone West Africa, Meta,Oluwasola Obagbemi, during the launch of Muvmnt, a multiverse of brand experience platforms in Lagos…. recently

Governor Mutfwang: We'll Provide Enabling Environment for Armed Forces to Protect Nigerians Seriki Adinoyi in Jos The Plateau State Governor, Caleb Mutfwang, has reiterated the commitment of his administration to continue to provide the necessary tools and enabling environment for the Armed Forces to effectively discharge their constitutional responsibilities of protecting the lives and property of citizens in the state. The governor stated this

during the interdenominational thanksgiving service marking the 2024 Armed Forces Remembrance Day, held at Evangelical Church Winning All (ECWA) Unity Church Rayfield, Jos. He described the service as a divine arrangement, being the first he was attending after the Supreme Court validated his election as governor of the state. He said: "This is a service in remembrance of our fallen heroes

and indeed, we want to thank God for those great men and women who devoted themselves to the service of the nation and in the line of duty, lost their lives while others were maimed or became incapacitated. “Some died in the course of battle, some died as a result of injuries sustained in the course of protecting the nation, and they left their loved ones behind. "Unfortunately, as a nation, we

have not done well in looking after those who have served the nation appropriately, and I am praying that as a nation, we will do better in looking after those who have served the nation." The governor described the Armed Forces as a crucial and critical institution for the survival of Nigeria and called for adequate attention to issues that will improve and boost the morale of the personnel for selfless service.

"I will continue to advocate that the President and Commanderin-Chief of the Armed Forces insist on the return to true professionalism within the armed forces and the security agencies, and I am sure when we begin that journey, it will be worthwhile," he added. The governor described the Supreme Court judgment that validated his election as a victory not only for him but for Plateau citizens. Director of ECWA EMS, Rev. Elisha McPhilips who delivered the sermon, took his reading from

Psalms 23, saying that "as long as God remains our shepherd, we shall not lack anything." He expressed confidence in the Nigerian Army to end the ongoing terrorism, armed banditry, kidnapping, and other criminal activities in the country. Former President of Church of Christ in Nations (COCIN), Rev. Pandam Yamsat, offered special prayers for the Nigeria Legions and the Armed Forces and prayed for more wisdom and knowledge to carry on with the herculean task of safeguarding Plateau and the nation.

Benue Governor Calls for Better Welfare for Nigerian Armed Forces FG, Abuja Community Sign MoU George Okoh In Makurdi Benue State Governor, Rev. Fr. Hyacinth Alia, has charged everyone in the society to ensure that those who served in the country's armed forces are well taken care of. The governor gave the charge on Sunday during the 2024 Armed Forces Remembrance Day Interdenominational Service, organised by the Benue State Chapter of the Christian Association of Nigeria (CAN), in conjunction with the Benue State Government, held at the Chapel of Grace, Government House Makurdi, on Sunday.

According to the governor, meeting the needs of those who have put their lives in line of duty to keep the country safe, is the only way they can forget their ugly moments while in service. He called for prayers for the families of the deceased officers, saying their bravery and sacrifices have ensured the rest of the citizens of the country are safe. The governor who described the Armed Forces Remembrance Day as a day to honour the services and unwavering commitment of the Armed forces to the security of the country, charged the people to use the occasion to ensure peace within the state and the country,

as a mark of honour to the fallen heroes. Earlier in his remarks, the Benue State Chairman of the Christian Association of Nigeria (CAN), Bishop Wilfred Achikpa Anagbe, said the Nigerian Armed Forces Remembrance Day, holds a special place in the hearts of Nigerians, especially as it reminds the people of the selfless sacrifices the members of the Armed forces have offered to the country, thereby keeping it safe from external aggressors. He called for prayers for the deceased officers, and particularly those still in service as they continue to keep the country

secured. In his sermon, the Arcbishop of the All Nations Evangelism Ministries, Arcbishop Yimam Orkwagh, after reading from the Book of Mathew 6: 9-13, centred his message on forgiveness. According to Bishop Orkwagh, as Benue people and Nigerians, there is need for the citizens to stand for each other in unity and love, praying and seeking for one another's forgiveness He admonished the people of Benue and Nigerians to learn to forgive each other, as it is the only way Christ too can forgive them, hear their prayers and they will also get to enjoy the kingdom of God.

PRESIDENCY: WE WON’T SPARE ANYONE FOUND CULPABLE IN HUMANITARIAN MINISTRY SCANDAL the establishment of a Special Presidential Panel to be led by Mr Wale Edun. The SPP, comprised of ministers representing strategic sectors and would ensure a multi-disciplinary approach to the reform effort, included the coordinating Minister of the Economy and Minister of Finance as Chairman, and the Coordinating Minister of Health and Social Welfare, Prof Ali Pate as member. Other members were the Minister of Budget and Economic Planning, Abubakar Bagudu; the Minister of Information and National Orientation, Muhammad Idris; Minister of Communications,

Innovation and Digital Economy, Bosun Tijjani; and the Minister of State for Youth, Ayodele Olawande. Meanwhile, the presidential spokesman has clarified that the speculations of a possible cabinet reshuffling by the president would have to wait until the ongoing investigations had provided conclusive ends. Some media outlets had in the wake of the Ministry of Humanitarian Affairs' blow out, as well as the suspension of the National Social Investment Programmes Agency's (NSIPA) activities, following allegations of financial impropriety, reported

purported cabinet reshuffling soon. But Ajuri, while reacting, said, “At this point, it is in the realm of speculation. What is not in the realm of speculation, however, is that the President has ordered a thorough investigation. And wherever that investigation takes him, he will act accordingly. “I do think that the president would not make such a move until he has a clear idea of exactly what that investigation has unearthed and whether or not there are other officials of the government that he feels would need to be roped into such an exercise on the basis of whatever the findings of that investigation are," he said.

Furthermore, Ngelale said, “It is only natural to drive such stories, particularly if there’s even a whisper that such a thing could occur. “But I think it’s important that we do not preempt the activities of the president. The president is fully aware of all factors related to what people are doing and not doing within his administration. “He does have a special adviser on policy and coordination in the person of Hadiza Bala-Usman, who is also monitoring the activities of the MDAs with respect to performance-related issues, and he has all of that information at any point in time," he said.

to End Breast Ironing Practice

Kuni Tyessi in Abuja The federal government has signed a Memorandum of Understanding (MoU), with the Pigba Community, Abuja Municipal Council for an immediate end to the practice of breast ironing for young girls. Breast ironing, sometimes referred to as breast flattening is a harmful practice that involves the repetitive pounding, pressing, ironing, rubbing or massaging of a pubescent girl’s breast, often using hard or heated objects in order to stop or delay them from growing or developing. During the signing ceremony at Pigba Community in Apo District, the Minister of Women Affairs, Uju Kennedy-Ohanenye stated that the age-long harmful practice was inimical to the natural development of the girl child and must therefore be abolished. "Breast ironing exposes girls to numerous health problems such as cancer, abscesses, itching, and discharge of milk, infection, dissymmetry of the breasts, cysts, breast infections, severe fever, tissue damage and even the complete disappearance of one or both

breasts" the minister said. Kennedy-Ohaneye said the act traumatises the victims and affects their general wellbeing as future mothers, thus negating the present administration’s Renewed Hope Agenda which is tailored, among others towards ensuring the well-being of all Nigerians, including the girl child. "We are here therefore to ensure that they stop maltreating the girls, as there is a law that addresses violence against women. We are trying to put an end to this so that they can live a better life" Kennedy-Ohanenye added. Responding, the District Head, Garki Chiefdom, Chief Emmanuel Gade, thanked President Bola Tinubu and the minister, as well as management and staff of the ministry for their commitment to the wellbeing of Nigerians, especially women and girls. He assured that the community will put an end to the traditional practice in line with the policy objectives of the present administration. Highlights of the event included the presentation of grinding and sewing machines to the community by the minister.

T H I S D AY • MONDAY, JANUARY 15, 2024

NEWS

CRUDE EXPORT TO TURKEY, PIPELINE SECURITY ON THEIR MINDS... L-R: Special Assistant Media and Communications to the Minister of Petroleum Resources (Oil), Ms Nneamaka Okafor; Deputy Chief of Missions Turkish Embassy, Mr. Imdat Karakoc (Ph.D); Minister for Petroleum Resources Oil, Senator. Heineken Lokpobiri; Ambassador Turkish Embassy Nigeria, Hidayet Bayraktar; Energy Counsel Turkish Ministry of Energy and Natural Resources, Dr Tabip Gulbay; and Technical Adviser Regulations to the Minister, Mr Umar Gwandu; during the ambassador's visit to the minister to discuss issues bothering on crude oil export to Turkey, pipeline security with other business related activities in the oil and gas sector in Abuja... recently

Ikimi: Why Ighodalo Emerged Sole Aspirant in Edo Central PDP Poll shows 78% of voters support zoning

Adibe Emenyonu in Benin City

The Chairman of the Edo Central Peoples Democratic Party (PDP) Special Committee, Chief Tom Ikimi, has given reasons why Asue Ighodalo was chosen as the district's sole aspirant for the party's primary election. He said this was as a result of the overwhelming support he got from co-aspirants and stakeholders in the district. Ikimi who stated this at the weekend while presenting the committee's report to the Chairman of the Edo Central PDP Caucus and the Senatorial Chairman, Archbishop Anthony

Okosun, said the committee was given the mandate to meet and interact with aspirants in the zone with a view to screening and recommending the best for the senatorial caucus to adopt. He said that the committee which commenced sitting with the tour of the five local government council areas in the district on November 15, 2023 concluded its mission on January 10, 2024 after sitting for six times. The PDP national leader stated further that during the committee's sittings, seven aspirants, 22 traditional rulers, PDP leaders and other stakeholders in Edo Central

consulted. He gave the names of the seven aspirants who met with the committee as: Senator Clifford Ordia, John Yakubu, Martin Uhumoibhi, Friday Itulah, Anselm Ojezua, Asue Ighodalo and Marcus Onobun. Ikimi said that Felix Akhabue who was not part of the seven aspirants sent an apology to the committee saying that he was in Northern Nigeria at that time. "Under this circumstance, Asue Ighodalo, remaining the only aspirant facing the Committee, after receiving overwhelming support from a majority of the other aspirants

made an impeccable presentation to the committee. "Accordingly, the committee unanimously accepted him and hereby recommends him as the consensus aspirant for the PDP Edo Central Senatorial District to contest the PDP ticket for the Edo State gubernatorial election 2024", Ikimi concluded. Meanwhile, an Eagle Badger poll of 1,017 registered voters in Edo State has revealed that 78 per cent of voters support zoning and power rotation; and that the number one pain point for voters across the three senatorial districts as the 2024 governorship election approaches is roads.

In a randomised telephone survey conducted on the January 5, 2024, the group said that majority of respondents across the state said they support the rotation of political power across the senatorial zones. When further asked where exactly political parties should zone their governorship tickets to, the group said 73 per cent of respondents picked Edo Central; 16 per cent picked Edo South and 11 per cent picked Edo North. “The two main reasons given for supporting zoning were equity, fairness and justice and inclusiveness. Conversely, the

two alternative reasons given by those not in favour of zoning were that competence and merit should be the primary determinants of who emerges as governor,” it stated. Across the three senatorial districts, it said that the main issue respondents wanted the next governor to tackle was roads. Managing Director of Eagle Badger, Sharon Orisakwe, stated that voters exhibited high levels of intention to vote in the upcoming elections and that more than 90 per cent of respondents had collected their permanent voter cards.-

Zulum Leads Borno Delegation NDLEA Intercepts Large Consignment to Spokesperson’s Funeral of UK, Italy-bound Opioids

Michael Olugbode in Abuja

Governor Babagana Zulum of Borno State, Sunday, led a delegation of Borno people to attend the funeral prayer of his spokesperson Mallam Isa Gusau held at the National Mosque in the Federal Capital Territory, Abuja. The delegation comprised Senators representing Borno Central, Barrister Kaka Shehu Lawan, Borno North, Barr. Mohammed Monguno, members of the House of Representatives from Borno, Secretary to the State Government, Hon. Bukar Tijjani and the Group Chief Executive Officer of NNPC, Mele Kyari. Before the prayers, accompanied by the Vice President President, Kashim Shettima, Zulum personally conveyed the remains of his late spokesperson from Nnamdi Azikwe International Airport to the National Mosque in Abuja where the funeral prayer was observed. Isa Gusau died on Thursday evening at a hospital in India after a protracted illness. Until his death, Gusau served as Special Adviser on Public Relations and Strategy to the incumbent Governor Babagana Zulum. He had also served in

the same capacity to the then governor of Borno State, now Vice President, Senator Kashim Shettima. Gusau died at the age of 47 and is survived by two wives, three children, and many brothers and sisters. The governor's delegation also had Borno's Head of Service, Barrister Mallam Fannami, commissioners, and several heads of government agencies and parastatals. Meanwhile, in a message after the funeral prayers, Zulum noted that the death of Gusau has thrown the entire Borno State into grief. While praying for the repose of the soul of his late spokesperson, Zulum expressed gratitude to all those that have sent messages of condolence and prayed for the soul of the deceased. Zulum said: “Inna lillahi wa Inna ilaihi raji'un, it's a very sad moment. Indeed, every soul shall taste death. May Almighty Allah admit him into Jannatul Firdaus. The demise of Alhaji Isa Gusau has created a very big vacuum in the annals of Borno State, the entire people of Borno State are in grief and we pray for Almighty Allah to forgive him.”

Seizes 300,000 tramadol pills imported from Pakistan Michael Olugbode in Abuja Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted a large consignment of Canadian Loud, an imported strong synthetic strain of cannabis, packaged in 324 bags with a gross weight of 111.2 kilogrammes in Onikan, Lagos State. According to a statement on Sunday by the spokesman of the anti-narcotics agency, Femi Babafemi, the interception happened while the consignment was being conveyed for distribution in an unregistered Grand Caravan vehicle by a 42-year-old suspect, Taofeek Yusuf. The seizure of the imported consignment, he said, followed credible intelligence which came on the heels of the arrest of another drug trafficking suspect, Godwin ThankGod, by NDLEA officers at the Murtala Muhammed International Airport, Lagos. He noted that the Milan, Italybound ThankGod was intercepted while attempting to board a Royal Air Maroc flight with quantities of codeine-based syrup and rohypnol concealed in his luggage. Babafemi said the suspect who

is a regular flyer was arrested during a search of his luggage at the Departure Gate of Terminal 2 of the airport, which revealed that he was in possession of five cartons consisting 50 bottles of codeine syrup and 300 tablets of rohypnol. The spokesman said in the same vein, NDLEA operatives at the SAHCO import shed of the airport last Friday recovered 30,000 packs of tramadol 225mg consisting of 300,000 pills after a search of a consignment. He said it came from Karachi, Pakistan on KLM Royal Dutch Airline, with airway bill number 074-62674964 and the suspect was taken into custody following a joint examination with other security agencies at the airport. He said various quantities of tramadol and cannabis sativa concealed in soles of sports canvas shoes going to Oman as well as another consignment of tramadol and rohypnol hidden in spices heading to the United Kingdom were also intercepted at two courier firms in Lagos by NDLEA operatives of the Directorate of Operation and General Investigation, DOGI

last Tuesday. Babafemi also disclosed that operatives in Oyo state last Thursday raided a clandestine skuchies factory operated by Oyadeji Dimeji, 28, in Moniya area of Ibadan. According to him, 76.6 kilogrammes of cannabis sativa, 134 grams of tramadol, 93 grams of rophynol and 50 litres of already produced skuchies, a liquid mixture containing various types of psychoactive substances, were recovered. In Ondo state, four suspects: David Iyoragie, 34; Adams Idowu, 28; Ibrahim Audu Abdullahi,54; and Ayomide Ayuba, 20, were arrested at De – Rock View Hotel, Gadson Junction off Ado- Ekiti Road, Igoba, Akure North local government area last Friday with 524.5 kilogrammes cannabis. Another suspect, Aniekeme Eyibio, 26, he said, was also nabbed at Ala forest, Akure North local government area where 293.5 kilogrammes of the same psychoactive substance and a Dane gun were recovered from him. Also, 67-year-old Franklin Eze was arrested at Otuo, Owan East

local government area, Edo state last Thursday with 454 blocks of cannabis weighing 311 kilogrammes loaded in his Lexus salon car marked EBM 812 AA. “Abdullahi Shuaibu, 43, was nabbed by NDLEA operatives last Tuesday at Ayangba, Dekina local government area, Kogi state with 43 blocks of compressed cannabis, weighing 22 kilogrammes and three pinches of methamphetamine. “In Katsina state, a suspect, Danladi Adamu aged 24 was nabbed last Wednesday with 25.5 kilogrammes cannabis sativa during a buy and bust operation at Kurmi Primary School in Malumfashi metropolis, while operatives in Gombe arrested Sulaiman Mohammed at Lapandimtai, Kaltungo, with 47 blocks of same substance weighing 30 kilogrammes concealed in two sacks of groundnut,” he stated. Babafemi noted that the War Against Drug Abuse (WADA) advocacy campaign of the agency continued in equal measure in schools, markets, worship places and others across the country in the past week.

T H I S D AY • MONDAY, JANUARY 15, 2024

NEWS

THIRD DAY FIDUA PRAYER FOR BABA ADINNI... Governor of Lagos State, Mr. Babajide Sanwo-Olu (left) exchanging greetings with former Minister of Works and Housing, Mr. Babatunde Fashola, SAN during the 3rd Day Fidua Prayer for Sheikh Abdul Hafeez Abou, Baba Adinni of Lagos, at the Eko Club, Surulere, last Saturday

Betta Edu: Stop Media Trial, Ndigbo Youths Tell Nigerians Juliet Akoje in Abuja The Ohanaeze Ndi-Igbo Youth Wing yesterday urged Nigerians to give the suspended Minister

of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu the benefit of the doubt until investigations into her involvement in the N583 million

alleged malfeasance are concluded. Ohanaeze Ndi-Igbo Youth Wing president, Mr Chukwuma Okpalaezeukwu while briefing journalists in Abuja yesterday

further called for stoppage of media trial of the minister. "As the National Youth Leader of Ohanaeze Ndi-Igbo Youth Wing, I wish to state that there

Ruling Houses, Kingmakers Reject Kogi Gov’s Deposition of Koton-Karfe Monarch Demand removal of newly-installed replacement

Sunday Aborisade in Abuja

Representatives of all the Koton-Karfe ruling houses and the kingmakers have rejected last week’s deposition of their monarch, Alhaji Abdulrazaq Isakoto by the Kogi State Governor, Yahaya Bello. Members of the eight ruling houses and the kingmakers stated this when they addressed a news conference in Abuja yesterday afternoon. The kingmakers who signed the communique were: Alhaji Dauda Mukailu Ondaki Ogbani (Madaki); Abdullahi Bako (Ohimozi Ogbani) Dangara; Saidu Ada Sani (Asanya Ogbani) Agaba. The ward heads whose signatures also appeared on the document were: Alhaji Saidu Hussaini (Odaki); Mallam Ishiaku Mamman Sani Ukwo Okoriko); Saidu Ada Sani (Ukwo Onyakwu); Abdullahi Bako (Ukwo Odohu); Mallam Sulaiman Ahmed (Odaki Onkyaku) and Saliu Usman (Ukwo Ebe).

The governor deposed and banished three monarchs in the state in a broadcast on January 8 this year. But indigenes of Koton-Karfe in the Kogi Local Government Area described the governor's action as a sacrilege. The people lamented that out of the three monarchs sacked by the governor, only their own was instantly replaced by another person without following due process. "We the representatives of all the ruling houses and the surviving pout of the four kingmakers of Igu, Koton-Karfe kingdom, Kogi Local Government Area of Kogi State, wish to state categorically and most unequivocally our total rejection of the purported deposition of Alhaji Abdulrazaq Gambo Sani Isakoto as the Ohimege Igu, Koton-Karfe. "He remains the Chairman, Lokoja/Kogi Local Government Area Traditional Council. We also reject the purported appointment of an Ohimege during a proclamation

on television and which was viral in the social media on 8th January, 2024 and since thereafter. "It is pertinent to state that out of the three royal fathers that were purportedly deposed and banished, it is only Alhaji Abdulrazak Gambo Sani Isakoto that was replaced immediately by that proclamation with the speed of light. This smacks of arbitrariness. "What has happened on this vexed issue is an anathema and a real mockery of our centuries-long and revered kingship institution of the Ohimege Igu, Koton-Karfe and which if not urgently addressed, poses great and imminent danger to our well respected and highly acclaimed kingship institution and the peace and tranquillity of our very old kingdom,” part of their jointly signed communique made available to journalists stated. They added that it was imperative to use the medium to intimate the Kogi State Government, its agents and the general public

that the capricious proclamation was unacceptable and rejected in its entirety. "It relates to our dear kingdom and the revered institution of the Ohimege Igu, Koton-Karfe. It should be put on record that desecration of our age long customs and traditions which cannot be allowed to stand. "At this juncture, we wish to draw the attention of all Nigerians to the wilful, calculated and capricious aberration and desecration of our traditional kingship institution which the Kogi State government has wittingly embarked upon with the unjust purported removal and the hasty appointment of an Ohimege in order to serve the interest of a few political jobbers” "We therefore certainly consider the abominable deposition of our loving and well respected Ohimege as an ugly political vendetta orchestrated by a few political Lilliputians with bloated images of their perceived personal self worth," they added.

Nigeria, Cuba to Sign Bilateral Agreements on Education Michael Olugbode in Abuja Nigeria and Cuba are to sign bilateral agreements that will cover education, science and technology as well as other sectors. The Cuban Ambassador to Nigeria, Mrs. Miriam Palmero disclosed this at the weekend during the celebration of 65th anniversary of the triumph of Cuban Revolution and 50th years bilateral relations with Nigeria. The envoy said: “We have an agreement on education and about 300 Nigerians are studying in Cuba and more in the nearest future. "We are signing another Memorandum of Understanding

(MoU) in science and technology, cultural and agriculture amongst others. "We want to collaborate with Nigeria. This is my second home and I want to increase our relations economically and in other areas." She noted that Nigeria and Cuba share common values and are committed to the education of their citizens. Also speaking on the occasion, the Minister of Education, Prof. Tahir Mamman solicited Cuban support to revive the education agreement between both countries. The minister of education, who was represented on the occasion by Ruqayatu Gurin, a Director in the

Ministry, said diplomatic relations between the two countries have impacted several young Nigerian doctors. “Let me use this unique opportunity to solicit the support of the Cuban government to revive our bilateral relationship on education with renewed vigour in line with the Renewed Hope Agenda of President Bola Tinubu. “Therefore, I call on the government of Cuba to extend hands of fellowship to explore academic exchange, scholarships, research, cultural interactions, and other areas of mutual benefit with Nigeria," he said. The minister added that the diplomatic relations between the

two countries have impacted several young Nigerian doctors as well as contributed to the development of the Nigerian Education Sector under a legal framework and a protocol of implementation signed on March 24, 1981 within the existing omnibus agreement. "Through the existing bilateral agreement on education between Nigeria and Cuba, about 100 Nigerian students benefitted from scholarship programmes in the fields of medicine and engineering offered by the Cuban government between 2000 and 2012. I extend our gratitude to the Government of Cuba and I hope that this cooperation is sustained," he added.

is too much of media trial around Edu, which those who wanted her out of favour with the federal government are spinning to her disadvantage" "Media trial is unfair. An allegation has been levelled against her. President Bola Tinubu has suspended her to allow for transparent and unimpeded investigation. “The best thing to do in the circumstance is to allow the process of investigation to conclude instead of bludgeoning her as if she had been found to be complicit,” Okpalaezeukwu. He urged Tinubu to review her suspension and allow her to continue as a member of his cabinet if it is confirmed in the

long run that Edu had committed some administrative infractions and not necessarily monetary diversion. "Betta Edu was entrusted with a ministry as huge as the Humanitarian Affairs, Disaster Management and Poverty Alleviation and everyone can attest to the fact that she remains one of the best in the Tinubu led government, she may have erred in her modus operandi but we can certainly say that she has not stolen a kobo. "We must not throw away the baby with the bathwater. Lets not allow those Betta exposed their corrupt practices succeed in pushing away a performing minister,” he added.

HURIWA Warns against Suppressing Plateau Christmas Eve Terror Attack

Alex Enumah in Abuja

The Human Rights Writers Association of Nigeria (HURIWA), has warned the federal government and its security agencies against suppressing the Christmas eve coordinated terror attacks in Plateau State. Over 200 villagers, mainly Christian natives, were reportedly killed and several houses burnt by marauding terrorists in 23 communities in Bokkos and Barkin-Ladi LGAs. In a statement by its National Coordinator, Comrade Emmanuel Onwubiko the rights group said, letting these huge body of criminality to go without arresting the perpetrators and sponsors was definitely a massive national security threat. HURIWA said the signal from the public statements and actions of virtually all the service chiefs, including the Chief of Defence Staff and the National Security Adviser to the President, "show a notorious proclivity to sweep these crimes against humanity under the carpet of impunity." The group restated her conviction that the only reason terrorists have continued to

attack soft targets and getting away with their crimes against humanity was because there was no consequences for offenders of the laws; accusing the government of tolerating impunity. Onwubiko, therefore, called on the President and commanderin-chief of the armed forces of Nigeria to mandate his service chiefs, the CDS primarily and his National Security Adviser to set up a high powered body of intelligence officers, investigators and forensic criminologist within and outside the security agencies, to undertake the urgent task of trailing, arresting, prosecuting and legally obtaining closures and inevitable justice for the victims of the deadly attack. Conversely, HURIWA backed the position of Governor Caleb Mutfwang of Plateau State who believed and had professed in the media that the incessant attacks on the state were acts of terrorism, claiming security agents knew the masterminds. “What I can tell you is the killings in Plateau and the attacks in recent times are pure acts of terrorism,” HURIWA quoted the governor as saying recently on Channels Television.

MONDAY JANUARY 15, 2024 • T H I S D AY

T H I S D AY ˾ MONDAY JANUARY 15, 2024

Acting Group Politics Editor DEJI ELUMOYE

POLITICS

Email: deji.elumoye@thisdaylive.com 08033025611 SMS ONLY

M O N D AY D I S C O U R S E As Supreme Court Reverses Sack of Three Governors... With the setting aside of governorship judgments of the Court of Appeal in three states of the federation by the Supreme court, the need for the amendment of the law terminating parliamentary election at the appellate court has become imminent. Besides, it’s high time judges and justices who were not meticulous in their dispensation of justice are severely punished for judicial rascality and travesty of justice, writes Alex Enumah

Yusuf

Mutfwang

he nation’s judiciary has been battling image crisis for some times now with many doubting its ability to serve as “hope for the common man”. Many, including lawyers and some retired justices believes that the bench of Nigeria’s judiciary is not only corrupt but manned by incompetent judicial officers who got their appointment and elevation through nepotism and favouritism rather than merit. Recall that Justice Musa Dattijo Muhammad at a special court session on his exit from the bench of the apex court had bemoaned the high level of corruption in the Nigerian judiciary and had advocated for urgent reforms to remedy the situation. According to him, corruption runs high from the point of appointment of judicial officers and up to the quality of judgments judges and justices at all levels deliver. Dattijo said that it has been in the public space that court officials and judges today are easily bribed by litigants, “to obviate delays or obtain favourable judgments”. Muhammad on a sad note had lamented that, “the judiciary I am exiting from is far from the one I voluntarily joined and desired to serve and be identified with. The institution has become something else”. Speaking further, the Retired Justice of the Supreme Court alleged that appointments have been polluted by political, selfish, and sectional interests. “It is asserted that the process of appointment to judicial positions are deliberately conducted to give undue advantage to the children, spouses and mistresses of serving and retired judges and managers of judicial offices. “At the Court of Appeal, it is asserted, presiding justices are now being appointed out of turn. And there is the further issue of the unpredictable nature of recent decisions of the courts as well. “A number of respected senior members of the Bar inter alia, citing the Ahmad Lawan, the former President of the Senate and Imo governorship appeals, claim that decisions of even the apex court have become unpredictable. It is difficult to understand how and where, by these decisions, the judicial pendulum swings. It was not so before, they contended. “In some quarters the view is strongly held that filth and intrigues characterize the institution these days! Judges are said to be comfortable in companies they never would have kept in the past. It is being insinuated that some judicial officers even campaign for the politicians. It cannot be more damnifying!” The above situation is best appreciated from the judgments of the Court of Appeal nullified and set aside last Friday by the apex court for being a flagrant abuse of court, travesty of justice and and a threat to democracy.

Presiding Justice of a five-member panel of the Supreme Court, Justice John Okoro, while lamenting the pain brought by the wrongly judgments of the appellate court and tribunal urged justices, particularly those of the Appeal Court to be “meticulous in doing their job” to avoid the kind of “mess” that the Kano governorship matter was. Recall that in three separate judgments the appellate court justices had voided the election of Governors Abba Yusuf, Caleb Mutfwang and Dauda Lawal of Kano, Plateau and Zamfara states respectively on grounds of alleged unlawful nomination and sponsorship and deduction of alleged illegal votes. The problem here was not just that the justices of the appellate court erred in their understanding of the law and subsequent decisions but that they

Lawal deviated from their own settled judgments as well as that of the Supreme Court to the effect that issues of party primary, nomination and sponsorship of candidates are not something the tribunal, appeal court and even the apex court can look into. Like a former Chairman of the Nigerian Bar Association (NBA), Abuja Branch, Mr Moses Ebute, SAN observed, “Unfortunately, the Court of Appeal defiantly refused to follow the decision of the Supreme Court and thereby visited grave injustice on other PDP candidates involved in national and state legislative houses election in Plateau State. “More worrisome, surprising and embarrassing is the fact that the same Court of Appeal had held and pronounced in the Presidential Election Petitions that whoever is not a member of a political party or is not an aspirant in the primary election of a political party, cannot challenge the nomination of a candidate of another party. “How and why it didn’t follow its own decision leaves much to be desired”, he queried, just as he stated that, “in a plethora of judicial authorities, the Supreme Court had held that a refusal to follow its decision as the apex court of the land on similar issues by a lower court tantamount to judicial rascality. I say no more. The lawyers were not alone in the condemnation of the justices of the appellate court. The Supreme Court also lambasted the Appeal court justices over the quality of their judgments in the election petitions brought before them. Justices of the apex court including John Okoro, Emmanuel Agim and Helen Ogunwumiju, regretted that despite several decisions of the Supreme Court that tribunals and courts lacked the jurisdiction to dabble into the internal matters of political parties, some

The Supreme Court also lambasted the Appeal court justices over the quality of their judgments in the election petitions brought before them. Justices of the apex court including John Okoro, Emmanuel Agim and Helen Ogunwumiju, regretted that despite several decisions of the Supreme Court that tribunals and courts lacked the jurisdiction to dabble into the internal matters of political parties, some justices could still go ahead and sack a winner of an election on grounds of political parties’ primaries, nomination and sponsorship.

justices could still go ahead and sack a winner of an election on grounds of political parties’ primaries, nomination and sponsorship. Delivering judgment in the appeal of Yusuf, a five-member panel of the apex court led by Justice John Okoro, in reversing the sack of the New Nigerian People’s Party (NNPP’s) Kano state gubernatorial candidate held that the Court of Appeal was wrong in affirming the judgment of the tribunal which held that Yusuf did not win majority of lawful votes cast at the March, 2023 election in Kano State. The apex court in determining the case raised two issues; whether the lower court was right in deducting the 165000 votes and whether the lower court was right in entertaining the issue of membership of political parties. According to Justice Okoro, the tribunal was wrong in deducting 165,616 votes accrued to Yusuf at the election on grounds that the ballot papers were not signed and stamped by officials of INEC. In addition, the court held that Section 71 of the Electoral Act relied upon by the lower court to deduct the alleged disputed votes does not apply in the instant case. “The provision does not refer to any regulation or action at the polling units”, he said, adding that the provision was to the exclusion of ballot papers. Having so held, the apex court went ahead to restore the deducted 165,616 votes to reinstate the victory of Yusuf at the governorship election. “The decision of the trial court cannot stand, all the ballot papers are hereby restored”, adding that the evidence did not show that the appellant interfered with the ballot papers not signed. On the second issue, the apex court also faulted the Court of Appeal for holding that Yusuf was not a member of the NNPP as at the time he contested the election, adding that the issue of nomination and sponsorship is a pre-election matter and outside the jurisdiction of the court. Besides, Okoro observed that contrary to the appellate court, the tribunal never held that Yusuf was not qualified to contest the poll but that his name was not in the NNPP’s membership register submitted to INEC. The apex court subsequently set aside the judgment of the two lower courts for being perverse and restored the electoral victory of Yusuf. Similarly, the apex court also set aside the judgment of the Court of Appeal, which voided the election of Governor Caleb Mutfwang of Plateau state, on the same grounds that the appellate court lacked the jurisdiction to entertain the issue of nomination and sponsorship. NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

T H I S D AY ˾ DAY JANUARY 15, 2024

CITYSTRINGS

Group Features Editor: Chiemelie Ezeobi Email chiemelie.ezeobi@thisdaylive.com, 07010510430

In Katsina, Reward for Rape is Death, Life Imprisonment Francis Sardauna writes that the consequence for rape in Katsina State is now death following the signing of Violence Against Persons (Prohibition) Act into Law by Governor Dikko Umaru Radda

n the wake of protests over the growing number of rape incidents in Katsina State, Governor, Dikko Umaru Radda has assented to the Violence Against Persons (Prohibition) Act 2015 to curb the incessant cases of violence against vulnerable children and women in the state. The VAPP Act was enacted by the National Assembly and assented to by the then President Goodluck Jonathan in 2015. It was passed as a result of numerous gender-based violence and human right abuse happening in the country. The Law, which stipulates stiffer punishment for rapists and their abetors, was signed on October 24, 2023, and officially unveiled on December 22, 2023 by the governor in the presence of the members of civil society organisations, security agencies, human rights organisations and top government officials. With this development, Katsina State joins the list of 29 Nigerian states that have domesticated the same law to checkmate gender-based violence such as rape, maiming of spouse, forceful ejection from home, forced isolation, acid bath, and killing after nine years. Lack of political will, early marriage and other cultural issues have been identified by feminist groups and non-governmental organisations as impediments to the early passage and assent of the VAPP Act in the state. With the main thrust of eliminating violence in private and public life, the Law prohibits all forms of violence against persons, particularly women and girls who are disproportionately affected. It provides maximum protection and effective remedies for victims; the punishment of offenders and for other related matters. It was assented to by Governor Radda after consultation with the Council of Ulamas who assured him that no section of the law is in conflict with Islam and the culture of the people of Katsina State. While other existing laws limited their scope of rape to protect only females in relation to vagina penetration without consent, the Violence Against Persons (Prohibition) Law has expanded the meaning and scope of rape to cover even abuse of persons. Thus, it defines rape as “When a person intentionally penetrates the vagina, abuse or mouth of another person with any other part of his or her body or anything else; the other person does not consent to the penetration. “Or the consent is obtained by force or means of threat or intimidation of any kind or by fear of harm or by means of false and fraudulent representation as to the nature of the Law or the use of any substance or additive capable of taking away the will of such person. “Or in the case of a married person by impersonating his or her spouse; with or without the consent of the person penetrated where he or she is below the age of seventeen or is of unsound mind.” Punishment for Offenders With globally acceptable punishment for offenders, the new Violence Against Persons (Prohibition) Law stipulates the death penalty for rape convicts who infect their victims with HIV/ AIDS and life imprisonment for other offenders. Section 4 (3) proscribes that: “Where a person commits the offence of rape knowing or having reason to believe that he is HIV positive, shall be punished with death.”

policy towards gender-based violence and other criminalities, hence the signing of the VAPP Act and the Child Protection Bill into Laws. He said that the Violence Against Persons (Prohibition) Law would provide support to survivors and protect the rights of women and children, adding that his government remained resolute to an egalitarian society. Governor Radda said: “My administration has a zero tolerance policy towards gender-based violence. Together with your unwavering determination and collaborative efforts, we shall build a Katsina State where the rights and dignity of every individual are sacrosanct.”

Gov. Radda

The law further says the use of chemical, biological or any harmful substance that causes lifetime deformity to a rape victim will attract life imprisonment without an option of fine. While any person who attempts to commit rape, will on conviction, be sentenced to a term of not less than 14 years without an option of fine as encapsulated in Section 4 (6) of the Law. Also, people who aids, abets, counsels or brokers the commission of rape would be punished in the same manner. In the case of rape by a group of persons, the Law stipulates that the offenders are “liable jointly” to a minimum of 20 years imprisonment without an option of fine as enclosed in Section 4 (2b). It noted that court would award appropriate compensation of not less than N500,000 to a victim of rape, while “A register for convicted sexual offenders shall be maintained by the Ministry of Justice and made open and accessible to the public.” The Law however states that where the offender is Less than 14 years of age, he will be dealt with in accordance with the Children and Young Persons Law CAP. 23 Laws of Katsina State (1991). Female circumcision or genital mutilation is also interdicted by the Law. Thus, any person

who performs or engages another to carry out such exercise commits an offence and is liable on conviction to a term of imprisonment not exceeding four years. The prohibition of the genital mutilation, which is contained in Section 8 (1 and 2) further stated that the offender would serve a term of four years or pay a fine of not less than N200,000 or both. Accordingly, any person who attempts to commit the offence is liable on conviction to a term of imprisonment not exceeding two years or to a fine of not exceeding N100,000 respectively. Interestingly, Section 20 (1) of the VAPP Law says, “A person who batters his or her spouse commits offence and is liable on conviction to a term of imprisonment not exceeding 3 years or to a fine not exceeding N200,000.00 or both”. By the provision of this section of the Violence Against Persons (Prohibition) Law, any person found pummelling his wife like Ekere Sunday-Ebong, the Uyo-based lawyer, would be squarely dealt with in accordance with the provisions of the Law. My Administration has Zero tolerance for Gender-based Violence —Radda Unveiling the VAPP Law alongside the Child Protection Law, Governor Radda said the Laws would help in reducing the menace of violence, especially gender-based violence and ensure that the perpetrators were prosecuted in the state. The governor explained that his administration had a zero tolerance

With this development, Katsina State joins the list of 29 Nigerian states that have domesticated the same law to checkmate gender-based violence such as rape, maiming of spouse, forceful ejection from home, forced isolation, acid bath, and killing after nine years

Implementation Strategies However, to ensure the speedy implementation of the VAPP Law, Governor Radda inaugurated a gender-based violence steering committee headed by the state’s commissioner for Women Affairs, Hajiya Zainab Musa-Musawa. The inauguration of this committee reflects Radda's unwavering commitment and determination to eradicate the menace of gender-based violence. Therefore, members of the committee should work with religious and traditional leaders, media and Civil Society Organisations (CSOs) to extirpate gender-based violence in the state. The state Ministry of Information, Culture and Home Affairs as well as the CSOs should amplify and translate the VAPP Law into major local languages and make it available to all citizens of the state. Sensitisation on the VAPP Law should be constant, while government and relevant CSOs should ensure that this sensitisation gets to every nook and cranny of the state by employing traditional media in communities. Sensitisation on the provisions of the Law would also provide first-hand and credible information to women and men. Awareness of the provisions of the Law and the punishment thereof will serve as deterrent to perpetrators. CSOs should ensure that information campaigns reach the most vulnerable through multiple communication channels to ensure that beneficiaries are aware of the VAPP Law and that they are equipped with information on how and where to get support, protection and services. Need to Integrate VAPP Law into School Curriculum There is a need for the state government through the relevant agencies of the Ministry of Education to include the VAPP Law in the school curriculum to broaden the minds of children and young people to promote respect for the rights of persons to be free from violence everywhere. Also, promotion of the Sexual Offenders’ Register in local communities to reverse the shame which aims at redirecting the stigma from the victim to the perpetrator by naming and shaming the perpetrators rather than the victim who may be stigmatised in their community. Government should also develop and deploy safe reporting mechanisms or put in place institutional mechanisms where women and girls who are victims of violence can feel free to report acts of violence against them in a safe and confidential environment. The government should establish and provide necessary infrastructure in counselling centres. It should also develop and share a register of service providers with relevant implementing partners and the public.

MONDAY, JANUARY 15, 2024 • T H I S D AY

This Week In Tech 08097710984

nosakhare.alekhuogie@thisdaylive.com

Nosa

Alekhuogie

Staveley: Redefining Gender Inclusivity, Cybersecurity and Africa’s Tech Future Africa’s most celebrated female #cybersecurity leader and inclusion advocate, Confidence Staveley, in this exclusive interview with Nosa Alekhuogie, discusses her multifaceted roles in the industry, the landscape of cybersecurity in Africa, and positioning Africa as a tech powerhouse. From simplifying complex cybersecurity concepts to fostering talent across the African continent, Staveley has been a trailblazer in redefining Africa’s place in global technology. Excerpts: Could you tell us a bit about yourself? am Confidence Staveley, and I refer to myself as the relatable cybersecurity queen. This title has grown from my knack for simplifying complex cybersecurity concepts in a way that is understandable by odyssey of all types. I proudly consider myself Africa’s most celebrated female cybersecurity leader because I have lost track of how many awards I have won. I am also the author of a book called API Security for White House Hackers. I enjoy building talent, so I’m generally building talent from the African continent, cybersecurity talent specifically. I’m very passionate about gender inclusion in tech, given the huge disparity in terms of gender, when it comes to the African continent especially, but globally speaking, it’s still a gender issue in tech, in the African continent, and even in cyber, you can see a really wide margin. I am very passionate about closing that gap and that’s a core part of the work I do. I am also the founder of cybersafe Foundation, which is a leading, non-governmental organisation that is devoted to fostering a digital inclusive and secure landscape in Africa. Our core area of focus is building capacity in terms of cyber skills and building awareness around cyber risk on the continent. We focus on minority groups like women that are vulnerable and feel left behind. I don’t want women to get jobs because of their gender but because they are skilled.

Do you think the cybersecurity industry is dominated by men? The cybersecurity domain is heavily male-dominated, presenting a systemic issue across many regions globally. But let me give you some numbers so we have some context to this. Globally speaking, women are a minority in the cybersecurity industry. We are estimated to be about 25% women in my industry globally. If you want to look at how many of those women are black, women of colour, or Hispanic, the exclusionary pattern intensifies. But if you bring it back to the African continent, despite women constituting half of the population, they make up 25% of the cybersecurity workforce, and globally, they make up merely 9% of the cybersecurity workforce. This stark contrast means that 91% of cyber-related or cybersecurity jobs in Africa are held by men. Now, that is not necessarily telling of the fact that women are discriminated against. I do not exactly feel that is the reason. There are just systemic issues that have made that happen. Similarly, certain domains, like nursing, are dominated by women, leading men to feel similarly excluded and that is what is happening with cyber. Education access, a fundamental barrier, significantly contributes to these disparities, particularly in Africa, where unequal educational opportunities persist as a significant challenge. As a prominent cybersecurity leader in Africa, how have you managed to navigate challenges related to gender inequality? In cybersecurity, unlike many other fields, success is not heavily tied to factors like race, colour, or gender. It is about expertise and capability: can you perform the job? Do you possess the necessary skills? However, barriers like limited access can impede skill development. When equipped with the right skills and able to demonstrate competence, individuals stand on equal footing with their male counterparts. Despite the industry sometimes resembling a boys’ club, what I have concentrated on as a person is showcasing competence and showing up as a person of value. Concentrating on these positive aspects has enabled me to overlook barriers and reaffirm my worth. Earlier in my journey, I encountered doubts regarding my skills and capabilities, subtle yet impactful. For instance, if both a white male and I claimed expertise as ethical hackers, the default belief often favoured him. To counter such nuances, I have consistently emphasised my strengths, working towards a future where these doubts become obsolete. Instead, the emphasis shifts to what I can contribute and offer without question. What do you envision as the future of cybersecurity in Nigeria, and how would you assess our current position in the ﬁeld as a nation? Can you provide a brief overview of Nigeria’s cybersecurity landscape?

Staveley Nigeria has grown in leaps and bounds as it has to do with technology, and this extends across the entire African continent. The digital leap has been substantial, witnessed in telecoms, IT infrastructure, and the burgeoning startup ecosystem, largely bolstered by government policies. Assessing this landscape, digital technology infrastructure has notably expanded, particularly in telecoms with substantial investments, increased mobile phone penetration, and amplified internet usage. This connectivity is pivotal, not just for accessing services and products but also for enabling virtual learning and driving prosperity through digital technology. Additionally, Nigeria has seen rapid growth in software development and digital services, evolving into a hub for tech startups and innovations. Notably, Nigeria boasts numerous unicorns and there is data to prove that showcasing the nation’s wealth of young, tech-savvy individuals. Speaking as a continent as well, we are the youngest continent in the world. The continent’s youthfulness has generated vast opportunities, fostering a booming startup and entrepreneurship ecosystem. Fintech, e-commerce, agritech, health tech, edtech, and proptech sectors are thriving. There are notable government initiatives, innovation hubs, educational programs, and an upsurge in STEM education, particularly in private schools and after-school activities. However, despite these advancements and increased integration with global markets, cybersecurity remains a significant challenge. Insufficient investments in cybersecurity posture persist, with many organisations prioritising compliance over a genuine duty of care. As technology adoption surges, there is a lack of consciousness about the associated risks, leading to inadequate protection measures. The gap between innovation pace and cybersecurity readiness is evident, where technological advancements race ahead while cybersecurity measures lag. To truly integrate cybersecurity into innovation, a shift is necessary—making security an inherent part of service deployment, product development, and business operations. We are innovating at the speed of a cheetah, and we are securing it at the speed of a snail. There is a critical need to align our speed of innovation with an equally swift pace of cybersecurity adaptation to ensure that our tools, services, and business practices are inherently secure by design.

How do you anticipate innovative methods shaping the future of cybersecurity in Nigeria, particularly with the integration of technological advancements such as machine learning, Artiﬁcial Intelligence (AI), and the Internet of Things (IoT)? How might these advancements impact the cybersecurity stance of organisations in Nigeria? Nigeria is quite a sponge at this time in terms of technology. We are taking in quite a lot, and this is bringing both opportunities and challenges. The biggest challenge I foresee is the expanding attack surface. As technology evolves and introduces new competitive arenas, it inadvertently widens the avenues for potential attacks. For instance, IoT devices significantly increase the entry points for attackers within an organisation due to their vulnerability stemming from weak security protocols. Therefore, Nigerian organisations embracing IoT devices must ensure their secure integration into their networks and implement best practices around them. This is evident in scenarios like smart cities or healthcare, where the adoption of IoT technology demands rigorous security measures. Moreover, the proliferation of AI correlates with the ascent of sophisticated cyber threats. The automation of attacks through AI amplifies their speed and efficiency, heightening the probability of successful breaches. Nigerian organisations should brace themselves for more advanced and potentially more detrimental cyber threats. However, it is crucial to view AI not only as a potential risk but also as a defence asset. Encouraging young talents to acquire AI skills becomes imperative as they innovate AI solutions that bolster cybersecurity defences. These AI-driven solutions can excel in anomaly detection and predictive analytics, enhancing cyber defence strategies. Investing in AI-powered cybersecurity solutions could revolutionise how threats are addressed and mitigated. Amid technological advancements, it is pivotal to harness the potential of the young population, converting them into global assets. Balancing technology adoption with robust cybersecurity measures is vital. This approach ensures that while we embrace technological progress, we also effectively manage associated risks. So, for Nigerian organisations, there’s a need to invest in AI-driven cybersecurity solutions that could be a game-changer to respond to threats and mitigate cyber threats. What do you foresee for cybersecurity in 2024? I would say 2023 was quite an interesting year. I projected a couple of things to happen and a lot of them happened. Looking ahead to 2024, I anticipate a surge in AI and automation being harnessed for both cyber attacks and defence mechanisms. Ransomware attacks will continue to grow, but concerted cross-border collaborations between governments and private sectors are poised to curb these strikes swiftly. Government backing will intensify efforts to prevent double extortion scenarios and facilitate data retrieval for affected organisations. Exploiting vulnerabilities within IoT devices is expected to become more prevalent. Despite the focus on sophisticated cybersecurity measures, many African businesses that have not prioritised cybersecurity could fall victim to attackers leveraging simple entry points. Emphasising basic cyber hygiene practices becomes crucial for organisations. The adoption of 5G technology may bring about widespread security challenges due to its increased speed and connectivity, potentially enabling innovative solutions or more complex attacks. Supply chain attacks, targeting larger businesses via their smaller service providers, are foreseen to rise. Attackers will exploit third-party vendors or software to access multiple targets through a single entry point. Additionally, 2024 is anticipated to witness a surge in deep fakes and disinformation campaigns, especially in the context of upcoming global

elections. These deceptive audio and video contents will likely fuel misinformation campaigns and social engineering exploits. The global cybersecurity skills gap remains a concern and may contribute to cyber attacks. Bridging this gap by training more personnel and preparing organisations is vital, especially in the face of increasing nation-state attacks sponsored by governments to drive espionage or disrupt markets. Securing the cloud will be another focal point as more organisations transition to cloud-based solutions. The demand for robust tools and strategies to safeguard cloud deployments is expected to escalate. What do you consider to be the primary cybersecurity challenges currently encountered by both the public and private sectors? The answer to that question might vary depending on the perspective you are seeking. Particularly from the end user’s standpoint, the predominant challenge revolves around phishing and social engineering attacks. These deceptive tactics aim to coax individuals into divulging sensitive information, a scenario frequently encountered by both public and private sector entities in Nigeria. While financial losses make headlines, data breaches resulting from these attacks often go unreported. Ransomware and malware attacks continue to pose significant threats in Nigeria, exemplified by a supply chain attack last year affecting a major Nigerian company. The proliferation of such malicious software can severely disrupt operations and compromise data security. Moreover, weak cybersecurity infrastructure plagues numerous Nigerian organisations. Outdated security systems, inadequate network security, and insufficient endpoint protection render these entities highly vulnerable to cyber threats. Data protection and privacy present another challenge, especially given the escalating volume of collected and processed data. Ensuring compliance with regulations and implementing robust data privacy measures, particularly with the introduction of the Data Protection Act, remains a pressing issue that demands immediate attention and implementation. How do you manage the balance between your work and family life? I do not believe in the traditional concept of worklife balance, especially for entrepreneurs, particularly female entrepreneurs. Instead, I advocate for work-life integration. It is crucial to recognise and adapt to different seasons in life, allocating focus and energy accordingly. For instance, in the past three weeks, I have been enjoying basking (with) my family. I also had a season last year where I spent three weeks away from my family in different countries and just kept up with digital technology. Understanding the power of community has been pivotal for me. Choosing the right life partner who supports my aspirations and comprehends our shared mission has been instrumental in maintaining both a thriving career and a well-managed household. It is through this community support, particularly from my spouse, that I can navigate the challenges of my demanding career. Outsourcing tasks that are not aligned with my strengths and utilising money as a tool to empower and aid in these endeavours has been a key strategy. I say that money is a tool for every woman that is climbing the ladder in her career. It is not just to be stacked, it is supposed to serve and help you. Recognising that I am not a superhuman, I readily seek and invest in assistance when needed. In a challenging field like mine, effective communication is crucial. Being a woman in this domain means constantly communicating and advocating for the work I do. This approach, combined with community support and strategic use of resources, has allowed me to excel in my career despite its demanding nature. What guidance would you offer to young women interested in entering the technology sector? I would like to share some guiding principles that have shaped my journey and can serve as advice for those interested. But the first thing I’m going to say is, it is world class or nothing. NOTE: The story continues online on www.thisdaylive.com

T H I S D AY • MONDAY, JANUARY 15, 2024

FOCUS UBA’s N1Trillion Capitalisation: A Pinnacle of Financial Success

Festus Akanbi captures the exhilarating mood in the offices and boardroom of Africa’s Global Bank, United Bank for Africa (UBA) Plc which joined the elite club of companies with over N1 trillion market capitalisation at a period the bank was named the best-performing stock on the Exchange

or the board and management of Africa’s Global Bank, United Bank for Africa (UBA) Plc, the best way to start a new operating year is by sending the right signals to all the stakeholders and its competitors that it has all it takes to sit atop of the banking ladder in Nigeria and Africa. This is because on Monday, the bank, joined the elite group of companies with a market capitalisation of over N1tn just as its share price value hit N29.90 per share. At the close of trading on Monday, the Bank’s market capitalisation hit N1,022,562,698,843, making it the third most capitalised financial institution in Nigeria, a remarkable lift from N283.8bn at the beginning of 2023. With 34,199,421,366 shares in issue, UBA’s N1tn market capitalisation mark comes amidst the bank’s share being named as the highest-performing stock in the banking sector in 2023, which underscores the bank’s robust growth trajectory and unwavering market confidence. Surpassing the monumental milestone of a N1 trillion market capitalisation, UBA Plc emerges as an unstoppable force, a testament to its unwavering dedication and outstanding performance in the financial realm. Named the best-performing bank in Nigeria for 2023, this achievement not only cements UBA’s position as a trailblazer but also underscores its exceptional prowess in navigating the dynamic landscape of banking. Financial industry observers said the resplendent growth of market capitalisation stands as a beacon of UBA’s unparalleled success, reflecting the culmination of innovative strategies, customer-centric approaches, and an unyielding commitment to excellence. According to them, this remarkable feat not only signifies financial prosperity but also symbolises the trust and confidence bestowed upon UBA by its customers and stakeholders, solidifying its standing as a pinnacle of success in Nigeria’s banking sector.

UBA Now in SWOOT Category At the close of trading on January 8, the share price of United Bank for Africa crossed N29.90, taking the bank’s market capitalisation to N1.02 trillion, making the bank the latest member of the SWOOT category. Companies with over N1 trillion market cap in the NGX are categorized as SWOOTs (Stocks worth over one trillion Naira). Current members of the category include MTN Nigeria, Airtel Africa, Dangote Cement, BUA Foods, BUA Cement, GTCO Holdings, Zenith Bank, and Seplat Energy.

Strings of Success Analysts explained that 2023 had been a splendid year for United Bank for Africa, becoming the most profitable bank in Nigeria in 2023, with a Shareholders’ Fund that has grown from N992bn as of Full year 2022 to N1.8trn as of September 2023. UBA was also appointed as the Local Arranger and Local Depository Bank for the $3.3bn FX Liquidity support facility for Nigeria in partnership with Africa Export and Import Bank (Afreximbank), providing solutions to economic solutions in Nigeria characterised by a shortage of Fx liquidity. Likewise, in 2023, UBA won the 2023 FMDQ Gold Awards in three categories including the Best FX Liquidity Provider; Dealing Institution of the Year and Best Money Market Liquidity Provider. This recognition is a testament to UBA’s impressive capital strength. United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than twenty-five (25) million customers, across 1,000 business offices and customer touch points in 20 African countries. With a presence in New York, London, Paris, and Dubai, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance and ancillary banking services.

Dominating African Continent Analysts that have been following the positive trajectory of UBA Plc said the bank was able to cross the N1trillion mark with a demonstrable top-of-the-range

Group MD, UBA, Oliver Alawuba performance having excelled in eight countries where it has offices last year. It could be recalled that UBA was named the ‘African Bank of the Year’ at the 2023 Bankers Awards organised by The Banker Magazine — a publication of the Financial Times of London. UBA Group won nine awards at the event. Dominating the African continent, UBA not only clinched the title of African Bank of the Year at the event but also propelled its subsidiaries to victory in eight additional African nations. The bank’s subsidiaries in Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Congo, Sierra Leone, and Tanzania all emerged as the Bank of the Year in their respective countries. It would be the second time in the past three years that the bank has won the regional award as the best bank in Africa, after winning the title in 2021. The bank’s group managing director, Oliver Alawuba disclosed that the recognitions come as a reassurance that the bank is on track in its goal of consolidating its leadership position in Africa and creating superior value for its stakeholders. As evidence of its impressive showing, the bank grew its revenue by 115.2 per cent to N1.31tn in the first nine months of 2023, from N608bn recorded within the same period in 2022. Its operating income for the period under review also rose by 146 per cent from N414bn in September 2022 to N1.02tn in 2023, while its profit after tax rose by 287.18 per cent to N449.30bn, from N116.04bn in 2022, surpassing its annualised return on average equity for Q3, 2023 at 131 per cent to 44.37 per cent. Specifically, between the start of January 2023

and today, the price of UBA shares has appreciated by over 250 per cent from N7.60 per share. The performance matched the trend from the previous quarters of the year where the financial institution had reported positive growth in key metrics.

Attracting Foreign Funding Having demonstrated a very strong capacity, the bank recently attracted a $175 million financial package from the African Development Bank Group and this comprises $100 million in longterm senior debt, $50 million of trade finance medium-term senior debt and a $25 million risk participation program. The long-term senior debt will enhance UBA’s capacity to finance projects in Nigeria in the key sectors of infrastructure, agriculture and related value chains, as well as manufacturing, energy, and SMEs. The facility will be complemented with technical assistance from the Affirmative Finance Action for Women in Africa (AFAWA) initiative to boost access to finance and technical assistance to women-led SMEs.

Elumelu: UBA is Committed to Deliver Unparalleled Value to Shareholders Chairman of UBA Group, Tony Elumelu, said that the bank’s remarkable journey in 2023 culminated with its shares being acclaimed as the highest performing stock within the banking sector, as he pointed out that this not only highlights the

bank’s strategic prowess but also reflects its commitment to delivering unparalleled value to shareholders and stakeholders alike. “As UBA celebrates these significant milestones, we would like all our stakeholders to know that we remain steadfast in our mission to drive sustainable growth, foster innovation, and create value for its diverse clientele across Africa,” Elumelu said. “We are witnessing the impact of the business transformation drive UBA embarked on years ago and executed well. Naturally, the market has taken note of and is duly rewarding our efforts. To our stakeholders, we promise that we will continue to work harder, deliver on what we know how to do well and create impacts across geographies where we currently operate.” he further said. According to the bank’s Group Managing Director, Olisa Alawuba, “Market participants have begun to appreciate the latent capacity in UBA’s business model as the bank unlocks enormous potentials in its pan-African and international operations. Its unique competitive advantage lies in people, processes, and technology. With Operations and offices in 24 countries and on 4 continents, UBA is the only African bank with deposit-taking license in the USA. The Bank’s fundamentals remain strong with impressive financial results that have continued to deliver sustainable value for its shareholders. At its current price, UBA trades at price-to-earning (P/E) and price-to-book (P/B) multiples of 2.27 and 0.59 which are a reflection of the market’s expectations of the Bank’s future growth potentials,” Alawuba said. In all, analysts see the new capitalisation threshold as a big deal especially as it comes a few months after the new Central Bank Governor, Dr Olayemi Cardoso hinted at a positive increase in banks’ capital base.

T H I S D AY MONDAY JANUARY 15, 2024 24 TR

UT H

& RE A SO

Monday January 15, 2024 Vol 27. No 10503

opinion@thisdaylive.com

www.thisdaylive.com

THE WHYS AND WHEREFORES OF TINUBU'S EDUCATION DRIVE

The President is committed to securing the future of children and our country, writes FREDRICK NWABUFO

See page 24

THE MERITS OF TSA

SALISU NA'INNA DAMBATTA argues that the TSA was designed to eliminate inefficiency and costs associated with multiple accounts in financial institutions

See page 25 EDITORIAL

GARLANDS FOR THE FALLEN HEROES

Dongban-Mensem and cohorts have brought the judiciary into irreparable disrepute, argues CHIDI ANSELM ODINKALU

APPEAL COURT IN THE DOCK Nearly one year after the country began voting in February last year, Nigeria’s Supreme Court is still casting the final votes in the 2023 elections. It has been a long, tortured and traumatic election season. First the people voted. Then the Independent National Election (INEC) decided what it announced as the results. By March last year, those two phases were done. Since then, judges have been casting their own votes and the courts have been busy announcing their own results. Last Friday, the Supreme Court affirmed seven governors as duly elected. In the cases concerning Kano, Plateau, and Zamfara States, the court overturned the Court of Appeal which had sacked the governors. These governors ultimately survived because there was another instance after the Court of Appeal to which they could take their grievance. Many legislators, whose own cases must end at the Court of Appeal, were not so lucky. Kano, Plateau, and Zamfara are three highly flammable theatres. The final verdicts in these cases saved the country a lot of needless bloodletting. Plateau State has been the site of resilient atrocities for over three decades, since 1994. A vast number of inquiry reports into various massacres and atrocities in the state over this period attest to this. For the past decade, Zamfara has competed with Borno State for the prize of the most prolific killing field in Nigeria. Kano, the site of many eruptions since 1953, is the most densely populated state in Northern Nigeria and arguably also the country’s most politically volatile state. It was not in dispute who got the highest votes in these states in the 2023 elections. But, following the vote by the people in March last year, the Court of Appeal under the direction of Judge President, Monica Dongban-Mensem, decided to alter the outcomes in these cauldrons with casual malevolence. In Zamfara State, they purported to unseat the Governor but did him the favour of ordering a rerun in three Local Government Areas, which they voided. The court’s perverse reason for this was that “it was wrong for the Independent National Electoral Commission (INEC) to adopt results from the IReV, because IReV is not part of the collation system, but for viewing purposes.” In Kano, the Court of Appeal issued a judgment in favour of both parties in the contest for the governorship of the state, claiming in one length to uphold the decision of the election petition tribunal invalidating the election of the incumbent on the slate of an opposition party, while in another breadth nullifying the same decision. In a reasoning that had the effect of overruling the Supreme Court, the Court of Appeal implausibly held that the Governor was not a member of the party that sponsored him in the Kano governorship election. Plateau was the state where the Court of Appeal was most willful. It is also the state of origin of Judge President Monica Dongban-Mensem. Two days before her 63rd birthday, on 11 June 2020, Mrs. Dongban-Mensem became the seventh President

of the Court of Appeal. At the time, the governor of the State was Simon Bako Lalong, a lawyer who, like Mrs. Dongban-Mensem, hails from Shendam in the Central Senatorial Zone of the Plateau State. The following year, Mr. Lalong appointed Monica’s daughter, Buetnaan Mandy Dongban Bassi, a judge of the High Court of Plateau State. Her mother sat on the National Judicial Council (NJC) which approved her appointment. Two years later, in September 2023, the same NJC sent Buetnaan’s husband and Monica’s son-in-law, Paul, to the Court of Appeal. In his previous life as Speaker of the Plateau State House of Assembly, Mr. Lalong used to be a member of the Peoples’ Democratic Party (PDP) when belonging to that party was fashionable. With impressive timing, however, he flipped to the All Progressives Congress (APC), becoming state governor on its platform in 2015. In the 2023 election, he was the Director-General of the presidential campaign of the ruling APC. In that election also, Mr. Lalong, who was born nearly six years after Mrs. Dongban-Mensem in May 1963, ran on the platform of the APC to represent the people of Plateau Central in the Senate. If he had won, Mrs. Dongban-Mensem would have been his constituent and confidant. They come from the same neighbourhood. In the event, he lost to Napoleon Bali of the PDP. Mr. Lalong thereafter challenged his loss before the election petition tribunal. For parliamentary elections, all disputes end at the Court of Appeal. The Court sits in panels of three Justices designated by the President of the Court. In Plateau State, all appeals went to a panel presided over by Justice Oluwayemisi WilliamsDawodu who has been a Justice of Appeal since March 2014. She was joined by Justice Abdulaziz Waziri, who was appointed to the court in 2021; and Okon Abang whose term on the court began only in October 2023. On 7 November, this Court of Appeal panel nullified the election of Senator Bali, claiming that “the PDP and its Senatorial candidate have no legal ground to participate in the election having failed to obey the judgment of a Plateau High Court that the party should conduct lawful elections for the purpose of having officers for Wards, Local Governments and State Council.” In his place, the court returned Simon Lalong as the winner of the

election in which he had been roundly defeated. Lalong was one beneficiary among many from a judicial hit-list methodically compiled by the Court of Appeal in Monica Dongban-Mensem’s home state. By the time its demolition job was over, the Court had sacked two PDP Senators from the state and five members of the House of Representatives elected on the PDP ticket. In the 25-member state House of Assembly, the Court of Appeal removed 16 members elected on the platform of the PDP, handing their seats and control of the state parliament - with malice aforethought - to the APC. Their victims included: Timothy Datong (Riyom); Rimyat Nanbol (Langtang); Moses Sule (Mikang); Salome Waklek (Pankshin); Bala Fwangje (Mangu South); Maren Ishaku (Bokkos); Dagogot (Quaanpan North); Nannim Langyi (Langtang North); Nimchak Rims (Langtang South); Danjuma Azi (Jos North-West); Gwottson Fom (Jos South); Abubakar Sani Idris (Mangu North); Happiness Akawu (Pengana); Ibrahim Abalak (Rukuba/ Irigwe); Philip Jwe (Barkin Ladi); and Cornelius Deyok (Qua'apan South). In all these cases, the Court claimed that the PDP should not have fielded candidates. Their reasoning overruled a long line of Supreme Court decisions. This was not a mistake; it was judicial malpractice on a very corrupt scale. At the minimum, the panel should have been called to order when they issued the first decision. But the Judge President who sent them there was getting what she wanted. Instead, inebriated with hubris from the corrupt demolition job they accomplished in Jos, one of the members of the panel, Justice Abdulaziz Waziri, traveled to Yola in Adamawa State last December to celebrate the mandates they had laid to waste, claiming that the PDP “had no structures on the ground at the point they were presenting their candidates.” He alone could explain what he meant. This was a judicial hatchet job. Any claim that the President of the Court of Appeal was not herself a member of the Panel is laughable. Such is the state of the judiciary in Nigeria at this time that the three-person panel whom Monica Dongban-Mensem sent to Plateau State could not have wrought that amount of destruction without her active consent, if not instruction. It is simply inconceivable that a Justice of Appeal, like Okon Abang - sworn in only in October 2023 - could have gone to the home state of the President of the Court to confidently wreak so much political damage without her explicit instruction. Last Friday, the Supreme Court ruled that the Court of Appeal in Plateau was rogue, procured and perverse. It set aside the reasoning of the Court which denied the people their chosen representatives. But because the Court of Appeal is the final court in these matters, the decision of the Supreme Court is no remedy for the political ruin procured under the baleful influence of Monica Dongban-Mensem. The ruin caused and supervised by this President of the Court of Appeal is incalculable. A lawyer and a teacher, Odinkalu can be reached at chidi.odinkalu@tufts.edu

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MONDAY JANUARY 15, 2024

The President is committed to securing the future of children and our country, writes FREDRICK NWABUFO

THE WHYS AND WHEREFORES OF TINUBU'S EDUCATION DRIVE Education. It is a recipe for generational transformation and an inviolable promissory note for securing the future. A nation secure and assured is one with the requisite investments, policies, initiatives, interest, ambition, and avidity for education. Educating the children is empowering the future. There is no future without the children, and there is no hope for tomorrow without an educated, illumined, and productive population. The seeds for a brighter future are our children for whom we must provide the necessary education and pedagogical accoutrements to bear our torch and carry it into the future. According to UNICEF, as of June 2022, one in three children are out of school (OOS) in Nigeria: 10.2 million at the primary level and 8.1 million at the junior secondary school (JSS) level1. Some 12.4 million children never attended school, and 5.9 million left school early. Nigeria's OOS population accounts for 15 percent of the global total. These statistics are obviously troubling, especially for a very conscientious, proactive, forward-thinking, disciplined, and determined administration. President Bola Tinubu has been on a passionate endeavour to ensure that the future of our country is secure by investing in and securing the education of our children. He had expressed concerns about the agitating figure of out-of-school children in the country, saying: “We must address this issue by establishing more schools, recruiting teachers, and providing at least one meal a day for the school children, aligning with the progressive ideology we aim to pursue.” At the presentation of the 2024 Appropriation Bill to a joint session of the National Assembly in November 2023, the President emphasised that he was prioritising ‘’human development with particular attention to children, the foundation of our nation’’. In the budget, education gets a chunk of N2.2 trillion, a much higher sum than that of 2023, which was N1.08 trillion. Speaking with members of the Progressive Governors Forum (PGF) at the State House in Abuja, on Friday, the President asked the governors to fashion a solid scaffolding that ‘’will make the implementation of the school-feeding programme more comprehensive and successful across all states of the federation, taking into consideration the peculiarities of each locality, but working towards having all children in school’’. He said: “We have children of school age who are out of school. The way to promote education is to get all governors, including the opposition governors, involved in the school-feeding programme. Please, take it seriously. We should not measure the children as statistics. We should measure their return to classrooms as our achievement. We should see economic growth in terms of value and empowerment. We should set up a committee to look into the methods. I am ready to invest in school

feeding.’’ The President also said ‘’the schoolfeeding programme would encourage more investments in agriculture, particularly in livestock farming and dairy, and that the former Kano State Governor and APC Chairman, Dr. Abdullahi Ganduje, had already worked on a proposal that would be shared for input and implementation’’. Addressing the challenge of out-ofschool children will require an intergovernmental approach, as this problem is not the exclusive burden of the government at the centre. It concerns everyone. It is about our future. Reassuringly, this is the slant from the President’s meeting with the Progressive Governors Forum. Also, the President recently approved the sum of N683 billion as the 2024 intervention fund for public tertiary institutions in the country. Universities are to receive N1.9 billion each; polytechnics -- N1.1 billion each; and colleges of education, N1.3 billion each. According to the Executive Secretary of Tertiary Education Trust Fund, TETFund, Sonny Echono, 90.75 percent of the fund is earmarked for direct disbursement; 8.94 percent for designated special projects, and 2.27 percent for response to emerging issues. This is in the fervid effort to revamp our public institutions by providing the needed funding and the necessary tools and environment for academic excellence. The Student Loan Scheme and other education-specific initiatives are in the offing as well and are aimed at addressing the long-standing issues in the education sector, as well as creating a more sustainable model of funding for tertiary education. The whys and wherefores of these deliberate, spirited, bold, and outstanding interventions on education are to secure today and tomorrow; to protect the future of our children and that of our country. We have to prepare our people for the world of today and of the future. Skills, education, and knowledge are the most important currencies in this new age. The Tinubu administration is bringing the future to citizens by its vehement predisposition to educating the children. Nwabufo is Senior Special Assistant to the President on Public Engagement

SALISU NA'INNA DAMBATTA argues that the TSA was designed to eliminate inefficiency and costs associated with multiple accounts in financial institutions

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T H I S D AY

MONDAY JANUARY 15, 2024

EDITORIAL

Editor, Editorial Page PETER ISHAKA Email peter.ishaka@thisdaylive.com

GARLANDS FOR THE FALLEN HEROES Widows and dependents of fallen officers and men should be well appreciated

he Armed Forces Remembrance Day will be marked across the country today with fanfare. In Abuja, as it is every year, colourful parades will be held, wreaths will be laid by senior military officers, and glowing speeches will be made to remember those who laid down their lives for the nation. We must commend our military, especially for the critical role they have played in the fight against insurgency, banditry, and for making sacrifices on behalf of our country. We must also commiserate with the families of all fallen heroes, even as we hope that they will be accorded the needed attention at this most difficult period. The men and women who offer themselves for military service and die in the process should be treated as the heroes they truly are. Unfortunately, the nation seems to prefer spending billions yearly on ceremonies rather than ensuring that those left behind by these gallant officers are well taken care of. For years, there have been pathetic reports on the plight of military widows and the children many left behind. Apart from burial expenses and gratuity, the insurance benefits due to some of the families are still pending aside from constant threats of eviction from barracks. These are issues that need to be considered on a day such as this. “Looking at the welfare package for those fallen heroes,” Colonel Hassan Stan-Labo (rtd) reminded Nigerians last year, “the dependents that they left behind - wives and children - I must say that whatever we think we are doing as a country is not enough.” Indeed, in many cases, entitlements and benefits of those killed in the line of duty were hardly paid, leaving their families and dependents to the vagaries of the harsh social and economic situations. Only last week, widows of the officers killed in

the 1992 air crash in Ejigbo, Lagos, bemoaned their neglect. What is even more alarming is the sheer number of families faced with this colossal tragedy. In the armed forces, deaths have become a daily affair. From a never-ending Boko Haram insurgency in the Northeast to general banditry in the Northwest, to herder-farmer crisis in the North Central, and sundry other criminalities in other parts of the country, many of our military personnel are constantly paying the supreme price. Indeed, across the country, hundreds of people are being killed almost daily either by criminal cartels or lone wolves who seem to have overpowered the capacity of the state. But the situation becomes more worrisome when these criminals also target our military personnel. The time has therefore come to realise the severity of the threat to our national security by reassessing the current strategies which have proved ineffectual. However, beyond the case for adequate training and equipment, the issue of commensurate welfare has raised a most pertinent question: How can we expect the best from those whom society literally denies justice by the shabby handling of their dependents? We must recognise that there is a strategic relationship between the well-being of the personnel of our armed services and the safety of the nation and the citizens. It is only when we take due care of these officers as well as the rank and file that we can legitimately demand that they perform their duties with optimum zeal. The tears of these widows and left-behind children are all a reminder that we have failed not merely our fallen servicemen, but also in our duty to the citizens they were mandated to defend and protect. As we join in marking the armed forces Remembrance Day, we must inculcate the habit of showing appreciation to the families of our fallen heroes.

How can we expect the best from those whom society literally denies justice by the shabby handling of their dependents? T H I S D AY

EDITOR SHAKA MOMODU DEPUTY EDITOR WALE OLALEYE MANAGING DIRECTOR ENIOLA BELLO DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN THE OMBUDSMAN KAYODE KOMOLAFE

T H I S D AY N E W S PA P E R S L I M I T E D

EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, ISRAEL IWEGBU, EMMANUEL EFENI DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, ANTHONY OGEDENGBE DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI SNR. ASSOCIATE DIRECTOR ERIC OJEH ASSOCIATE DIRECTOR PATRICK EIMIUHI CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO TO SEND EMAIL: first name.surname@thisdaylive.com

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LETTERS TINUBU AND COST OF GOVERNANCE

President Bola Tinubu’s recent announcement of a substantial 60% reduction in foreign and local trips’ expenditures has stirred a wave of curiosity and speculation across the nation. As citizens seek to comprehend the rationale behind such a bold move, it becomes imperative to delve into the stated reasons and explore the potential consequences that may accompany this significant decision. One of the primary drivers behind this decision, as communicated by the administration, is a commitment to fiscal responsibility. President Tinubu aims to streamline government spending, emphasizing the need to allocate resources judiciously towards critical national priorities. These priorities include infrastructure development, healthcare, and education, areas that demand substantial financial investment to propel the nation forward. Another key factor influencing this move is the pressing economic challenges facing the country. In an effort to address these challenges head-on, the President sees a substantial reduction in travel expenditures as a crucial step in the overall strategy to cut costs. The goal is to create fiscal space for targeted investments that can stimulate economic growth and provide much-needed relief to the nation’s financial woes.

Moreover, the decision is framed within the context of public perception and accountability. President Tinubu recognizes the increasing demand for transparency in governance and understands that curbing unnecessary expenses is a tangible way to demonstrate commitment to responsible and accountable leadership. While the decision aligns with the imperative of fiscal responsibility, its consequences extend across various domains. Diplomatically, the reduction in foreign trips may strain relationships with key allies and impact the country’s ability to assert itself on the global stage. Face-to-face interactions often play a pivotal role in international relations, and a decrease in official visits may be perceived as a diminishing commitment to global engagement. Economically, the implications are noteworthy. A diminished presence in international forums and a reduction in foreign trips could potentially hinder the nation’s ability to attract foreign investment and establish trade partnerships. Establishing trust through personal interactions is integral to securing economic interests on the international front. On the domestic front, the decision may elicit a mixed response. While it may be applauded as a responsible fiscal mea-

sure, critics argue that officials need to engage more actively with local communities to address their concerns effectively. Balancing both international and domestic priorities becomes paramount to maintaining a comprehensive governance approach. Furthermore, the tourism sector could bear the brunt of a significant reduction in local trips. Government officials’ visits often contribute to the promotion of local attractions and events, and a decline in such visits may impact the visibility and growth of the tourism industry. President Tinubu’s decision to slash foreign and local trips’ expenditures by 60% represents a strategic move to address economic challenges and foster fiscal responsibility. While the motives align with the imperative for prudent governance, the consequences, both in diplomatic relations and domestic perceptions, necessitate careful consideration. Striking a delicate balance between financial discipline and effective governance remains a formidable task for the administration, and the longterm impact on the nation’s trajectory will unfold in the coming months. Mustapha Abdullahi, Maiduguri

T H I S D AY ˾ MONDAY, JANUARY 15, 2024

BUSINESSWORLD R A T E S MONEY MARKET

A S

REPO

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Group Business Editor Eromosele Abiodun Email oriarehu.eromosele@thisdaylive.com

08056356325

J A N U A R Y

S & P INDEX

1 2 , 2 0 2 4

S & P INDEX

EXCHANGE RATE

OPR

11.25%

CALL

19.12%

INDEX LEVEL

611.31%

1/4 TO DATE

-0.07%

N795.28/ 1 US DOLLAR*

OVERNIGHT

11.50%

1-MONTH

16.25%

1-DAY

0.03%

YEAR TO DATE

0.48%

*AS AT FRIDAY, JULY 21, 2023

3-MONTH

15.75%

MONTH-TO-DATE

-0.7%

Banks Leverage SDF Gains, Deposit N902.66bn with CBN as Lending to Real Sector Wilts

Kayode Tokede It has emerged that Nigerian banks in the first eight days on 2024, deposited a whooping N902.66billion with the Central Bank of Nigeria (CBN), rather than lend to the real sector of the economy. The banks, according to the CBN “financial data”, however, borrowed an estimated N615.47 billion in the first eight days of 2024 in a nid to meet their daily business obligations. THIISDAY gathered that banks in the first eight days of 2023 had deposited and borrowed N182.8 billion and N359.88 billion from the CBN, respectively.

Banks deposit cash with the apex bank using the Standing Deposit Facility window (SDF), the banks also access funds from the apex bank using the Standing Lending Facility (SLF) window. A SDF is an overnight deposit facility that allows banks to park excess liquidity (money) to CBN and earn interest. The applicable interest rate on SDF moved to 15.75 per cent at an asymmetric corridor of +100/-300 basis points around the 18.75 per cent Monetary Policy Rate (MPR) in July 2023. The Monetary Policy Committee of the CBN unanimously narrowed

the asymmetric corridor from +100/700 to +100/-300 basis points around the MPR. Banks deposit with CBN outshined borrowing in early 2024 on the backdrop of CBN removal of cap on the remunerable policy, among others. With the removal of the limit, analysts expressed that, they expect liquidity in the money market to remain tight as banks leverage interest paid on SDF as well as the other liquidity mopping measures of the apex bank Recently, the CBN governor, Mr. Olayemi Cardoso disclosed that the CBN removed the cap on

the remunerable SDF to increase activity in the SDF window and manage liquidity. The CBN, while announcing the guideline stated, “With reference to the circular to all banks and discount houses, Re: Guidelines on accessing the CBN Standing Deposit Facility, Ref: FMD/DIR/ GEN/CIR/05/020 and dated November 6, 2014, after further review, the remunerable daily placements by banks at the SDF shall not exceed N2billion. “The SDF deposit of N2billion shall be remunerated at the interest rate prescribed by the Monetary Policy Committee from time to

time. Any deposit by a bank in excess of N2 billion shall not be remunerated. The provisions of this circular took effect on July 11, 2019.” Following the rush to take advantage of the window, the banks in a single day, deposited N352.47billion. THISDAY investigation revealed banks deposit through the SDF in 2023 witnessed significant patronage as banks deposit reached highest peak of about N2.41triillion in November 2023. However, the CBN has over the years maintained that strong patronage at the SDF confirms

healthier liquidity in the banking system. CBN had maintained that the strong patronage at the SDF confirmed healthier liquidity in the banking system, stressing that banks were in search of better yields. The CEO, Wyoming Capital & Partners, Mr. Tajudeen Olayinka, noted that the surge in banks deposit with CBN to uncurtaining in the business environment over rising insecurity, among others this year. The story continues online on www.thisdaylive.com

Adeduntan, Adedipe Predict Economic Growth in 2024, Emphasise Increased Spending on Capital Projects Nume Ekeghe The Group Managing Director of FirstBank of Nigeria Limited, Dr. Adesola Adeduntan has predicted a robust economic outlook for Nigeria in 2024 noting that the increase in capital expenditure outlined in the 2024 budget will enhance economic activities throughout the year Also, the Chief Consultant, B. Adedipe Associates Limited, Dr ‘Biodun Adedipe, has projected that Nigeria’s economy will likely

grow by 3.74 per cent in 2024. They revealed this over the weekend at FirstBank of Nigeria’s 2024 Outlook session with the theme; “Current Realities and Prospects.” Speaking on the 2024 economic direction in his opening remarks, Adeduntan said: “The year has started on a very strong footing with President Bola Ahmed Tinubu signing the 2024 appropriations bill into law with a record proposed spending of N28.7 trillion which

is the highest in the history of the country in nominal terms. “More exciting is the fact that about N9.9 trillion specifically is budgeted for capital expenditure. So, by implication, there will be significant spending that is planned that will allow desperate enough stimulus within the economy that allows significant and serious players to be able to tap into the goals and aspirations of the government. “The budget assumes a growth

expectation of about 3.76 per cent even though what is being projected by the International Monetary Fund (IMF) is slightly lower at about 3.3 per cent, which is slightly lower than the sub-Saharan African average of about 4.2 per cent. Given the size of our economy, whether you’re looking at 3 per cent or 3.7 per cent growth, the growth is significant and serious players do have the opportunity to tap into this and that is the focus of this morning’s edition.”

On his part, Adedipe, said his firm’s projection on Nigeria’s growth prospect is more optimistic than domestic and international entities. He said: “What I see more is an economy that will likely grow at about 3.74 per cent. The World Bank indicated 3.3 per cent. But, we in BA Consult see 3.74 per cent. “International Monetary Fund probably will come later and revive their own, also in their outlook, and of course, different other entities.

But, everybody is projecting this economy to grow at above three per cent this year,’’ he said. Further on prospective economic trends in Nigeria for 2024, with a specific focus on interest rates, exchange rates, and gross domestic product (GDP) growth, he stressed the likelihood of the Central Bank of Nigeria (CBN) adopting an orthodox monetary policy approach. The story continues online on www.thisdaylive.com

M A R K E T D ATA A S AT F R I D AY, J A N U A R Y 1 2 , 2 0 2 4 BONDS Change Updated Time DESCRIPTION Price Yield (%) January 12, ^13.53 230,00 2024 101.49 12.11 MAR-2025 ^12.50 22January 12, 99.40 12.84 0,00 2024 JAN-2026 ^16.2884 17109.01 12..73 -0,29 January 12, MAR-2027 2024 ^13.98 23January 12, 103.01 13.00 0,00 FEB-2028 2024 ^14.55 26January 12, 104.60 13.30 0,00 2024 APR-2029

BILLS MATURITY

Discount Yield

NTB 25-Jan24 NTB 8-Feb24 NTB 7-Mar24 NTB 11-Apr24 NTB 9-May24

1.08

January 12, 0.00 2024

1.25

1.26

January 12, 0.00 2024

1.61

January 12, 0.00 2024

2.06

2.07

January 12, 0.00 2024

2.43

January 12, 0.00 2024

2.41

OTC F X F U T U R E S

CPS

Change (%) Updated Time

MATURITY

Discount Yield

RMBL CP VI 31-JAN-24

6.52

6.54

CRSL CP II 18-FEB-24

8.96

9.04

FLOURMILLS CP III 29-FEB-24

10.36

10.50

UACN CP VI 19-MAR-24

7.78

7.89

LFZC CP IV 16-APR-24

8.74

8.94

Change (%)

Updated Time

January 12, 0,00 2024 January 12, 0,00 2024 January 12, 0,00 2024 January 12, 0,00 2024 January 12, 0,00 2024

CONTRACT Current TENOR Contract Rate ($/₦) (MONTH) NGUS JAN 13 – 29 2025 NGUS FEB 14 – 26 2025 NGUS MAR 15 – 26 2025 NGUS APR 16 – 30 2025 NGUS MAY 17 – 28 2025

Updated Time

January 12, 2024 January 12, 2024 January 12, 2024 January 12, 2024 January 12, 2024

MONDAY, JANUARY 15, 2024 ˾ T H I S D AY

BUSINESSWORLD

NEWS

Kwara, IDB to Embark on $57.2m Special Agro-industrial Project Hammed Shittu in Ilorin The Kwara State Government and Islamic Development Bank (IDB) have partnered to embark on $57.3 million special agro- industrial project in the state. The partnership according to the state government is under the Special Agro-industrial Processing Zone (SAPZ) and would boost food and nutritional security for the people of the state. Also, he said the project was designed to promote agro processing and sustainable farming, improve household incomes and foster job creation in rural agricultural communities, especially for youth and women. Already, the state governor, AbdulRahman AbdulRazaq over the weekend inaugurated the state steering committee for the implementation of the Special Agro-industrial Processing Zone (SAPZ) in the state.

Inaugurating the committee in Ilorin, the state governor, AbdulRazaq said: “This project has the capacity to radically impact the economy and livelihood of so many Kwarans. As such, it is immensely important to me as the Governor of Kwara State and chairman of the State Steering Committee. “The objective of the SAPZ project is to support inclusive and sustainable agro-industrial development in Kwara State. The SAP-Z Projects goal is to increase household incomes and foster job creation in rural agricultural communities, especially for the youth and women, thereby enhancing food and national security.” AbdulRazaq also said, “the proposed SAPZ project will support economic and social development programmes of the Federal Government of Nigeria and the participating states. “It will contribute to rural infrastructure development,

improve access to agricultural markets, increase farm productivity promote agricultural technology, climate-smart agricultural production, and processing practices. It will also increase value addition in agro processing and skills acquisition with a focus on all actors along the value chain, including small holder women and youth.” Commissioner for Agriculture and Rural Development, Mrs. Toyosi Thomas-Adebayo said the inauguration set off a steady implementation of the multipurpose project. “Rest assured, Your Excellency, of our dedication and commitment to the success of this project. We realise that it is important for the state and for you, and we are in this for impact,” she added. State SAPZ Coordinator, Busari Toyin Isiaka said the steering committee has the responsibility of strategic direction and policy guidance for the project.

How PenCom’s initiatives, Achievements Shaped Nigeria’s Pe ns i o n I n d u s t ry i n 2 0 2 3

NOVA Merchant Bank Announces Major Increase in Staff Salaries NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced a substantial increase in staff salaries, effective November 1, 2023. The increase in salary by up to 50% across all staff categories by the Board of Directors is a strategic move which shows a resounding display of commitment to its workforce and comes few months after the Bank announced the approval of its shareholders to transition into a commercial bank, marking a new era. According to the Bank, the decision to up its salary structure comes after reviewing the impact of the escalating cost of living and

dire global economic situations. Acknowledging the challenges presented by the prevailing economic conditions, the Bank has thus taken proactive steps to tackle these issues reaffirming its commitment in prioritizing employee welfare with an aim to guarantee their well-being and financial stability. In the same vein, the Bank has announced the commencement of its 2024 NOVA Graduate Trainee Program, set to begin in January 2024 in Lagos. This program is part of its commitment towards nurturing the next generation of banking professionals with relevant skills and knowledge required to drive

innovation in the financial sector. The Program is also undertaken by the Bank to empower fresh graduates and equip them with relevant skills required for modern banking practice driven by cutting-edge technologies, fostering innovation while preparing them for leadership positions. Explaining further, the Managing Director/Chief Executive Officer, Mr. Wale Oyedeji, said, “following a comprehensive assessment of the current economic conditions and their impact on our esteemed staff, we have opted to realign our salary structure to reflect the economic realities.

Stockbrokers’ Institute Renews MoU with CISI, UK The Chartered Institute of Stockbrokers (CIS), has updated its agreement with its strategic partner, the Chartered Institute for Securities & Investment in the United Kingdom through signing of Memorandum of Understanding (MoU). At the heart of the Agreement, signed by CISI and CIS, in the United Kingdom, is to further strengthen the existing working relationship between the two major professional bodies. It will also reinforce collaboration in the areas of certification,

Group Business Editor Eromosele Abiodun Deputy Business Editor Chinedu Eze Comms/e-Business Editor Emma Okonji Asst. Editor, Money Market Nume Ekeghe Senior Correspondent Raheem Akingbolu (Advertising) Correspondents Emmanuel Addeh (Energy) KayodeTokede(CapitalMarkets) James Emejo (Finance) Ebere Nwoji (Insurance) Reporters Peter Uzoho (Energy) Ugo Aliogo (Development)

Continuing Professional Development (CPD), Membership drive, integrity and sharing of the benefits of multiple learning opportunities and networking. Prior to the signing of the MoU, the President, CIS, Oluwole Adeosun, briefed the management of CISI on the historical antecedents that led to the Institute’s chartered status and the on-going efforts to expand the scope of the operations in line with its mandate by the Act of Parliament . He noted that both CIS and CISI had a lot in common, saying “ the relationship is symbiotic.” The Chief Executive Officer, CISI, Tracy Vegro, also expressed delight at the sustained collaboration of the

two professional bodies . Vegro explained that Nigeria was one of the biggest markets to attract young ones to build a career in investment-related areas. “ We are delighted to be building our already productive partnership further still. Our role as professional bodies is to ensure that our members uphold professional standard. This is one way the market can operate efficiently. We are glad to update our collaboration agreement, aiming to share the benefits of our multiple global learning and networks. The appetite for learning and upgrade of qualifications from the young people in Nigeria is second to none. “Vegro said.

SAHCO Renews British Airways Ground Handling Contract Chinedu Eze Skyway Aviation Handling Company (SAHCO) Plc has renewed their ground handling contract to continue to provide aviation ground handling services for British Airways (BA) at the Murtala Muhammed International Airport Ikeja in Lagos and the Nnamdi Azikiwe International Airport in Abuja for the next five years. SAHCO started providing Ground Handling Services to British Airways in 2020 when BA moved her ground handling contract to SAHCO after operating into Nigeria for over 40 years. They saw the need to transfer their Ground Handling contract to SAHCO due to the unrivalled services that SAHCO Provides. The decision to renew the contract for the next five years

was taken by British Airways after the Airline did their due diligence through rigorous audits from their international team for all the Ground Handling companies in Nigeria and still found SAHCO to be the best. According to the contract, SAHCO would be providing Passenger Handling Services, Baggage Handling services, Ramp Handling services, Cargo Handling services and Warehousing to British Airways at both the International Airports at Lagos and Abuja. Basil Agboarumi, Managing Director/ Chief Executive Officer, SAHCO, speaking about the contract renewal promised to continuously deliver quality and improved ground handling services through SAHCO’s well trained staff in all of SAHCO’S stations.

PENCOM DG, Aisha Dahir-Umar The National Pension Commission (PenCom), the apex regulatory authority for Nigeria’s pension industry, marked 2023 as a momentous period in the nation’s pension regulation and administration history. Demonstrating its commitment to effective oversight and innovation, PenCom successfully executed noteworthy initiatives, shaping a positive trajectory for the pension landscape. These initiatives manifested in a sustained growth of pension fund assets and CPS membership. This piece summarises PenCom’s journey, highlighting triumphs and an unwavering pursuit of excellence in 2023 as follows:

GROWTH OF PENSION FUND ASSETS AND CPS MEMBERSHIP

PenCom recorded significant growth of the Pension Fund Assets in 2023. Over the first ten months, pension assets increased by N2.67 trillion from N14.99 trillion recorded as at December 2022 to N17.66 as at October 2023. Concurrently, the CPS membership increased by 278,800 new Retirement Savings Accounts (RSAs) from 9.86 million as at December 2022 to 10.14 million as at October 2023.

THIRD EDITION OF THE PENSION ENHANCEMENT EXERCISE

The Pension Enhancement Exercise, which started in 2017, is the periodic enhancement of pensions for retirees under the CPS. The third edition of the Pension Enhancement was conducted between February and July, 2023. The exercise covered existing retirees under programmed withdrawal mode of access who had accumulated significant growth in their Retirement Savings Accounts (RSAs). Based on the analysis of retirees’ data, 111,187 retirees qualified for the third edition of the enhancement. Implementing the Pension Enhancement is a significant indicator that the CPS provides better retirement opportunities, enhancing the amount of pensions received by retirees. Pension Enhancement is another clear departure from the Defined Benefits scheme of the past, where retirees’ pensions were somewhat fixed. Previous Pension Enhancements were conducted in 2017 and 2020.

ADDITIONAL BENEFITS SCHEMES UNDER CPS

PenCom unveiled the Framework for the Establishment of Additional Benefits Schemes under the CPS to boost retirement benefits for Nigerian workers. The Framework aligns with Section 4(4)(a) of the Pension Reform Act (PRA) 2014, which allows employers to pay additional benefits to their employees upon

retirement. Accordingly, any employer may wish to provide additional benefits, such as gratuity, to its employees upon retirement. The Framework outlines the modalities for establishing and managing Additional Benefits Schemes for employers interested in increasing their employees’ retirement benefits under the CPS.

ACCESSING RSA FOR RESIDENTIAL MORTGAGE

PenCom continued to implement the Guidelines on Accessing Retirement Savings Account (RSA) Balance towards Payment of Equity Contribution for Residential Mortgage by RSA Holders in line with the provisions of Section 89 (2) of the Pension Reform Act 2014 (PRA 2014). Section 89 (2) allows RSA holders to apply a percentage of their pension savings towards payment of equity contribution for a residential mortgage. PenCom’s implementation of the Guidelines facilitated many workers in realising their dream of homeownership in 2023. A total of 1,737 pension contributors have so far accessed N18.601 billion from their RSA balances towards payment of equity contributions for residential mortgages in 2023.

ONLINE ENROLMENT/ REGISTRATION

As in the previous year, PenCom conducted the 2023 online Verification and Enrolment Exercise for retirees and prospective retirees of treasury-funded Ministries, Departments, and Agencies (MDAs) due to retire in 2024. The nationwide exercise started on October 2, 2023. To simplify the process for prospective retirees and retirees, PenCom provided two options for registration for enrolment: The Self-Assisted option and the Pension Desk Officer (PDO)/ PFA-Assisted option.

PENSION CLEARANCE CERTIFICATES

PenCom commenced the issuance of PCC to organisations in 2012 in line with the Pension Reform Act, 2014 (PRA, 2014), which mandates all organisations with at least 3 employees to participate in the CPS. The PCC is evidence of compliance with the PRA 2014 and serves as a prerequisite for all suppliers, contractors, or consultants soliciting any contract or business from the Federal Government’s Ministries, Departments, and Agencies (MDAs). Accordingly, PenCom issues PCCs to organisations that apply and have fully complied with the requirements. Consequently, from January to December 2023, PenCom issued 30,293 PCCs to private organisations that applied and fully complied with the set requirements.

T H I S D AY ˾ MONDAY, JANUARY 15, 2024

BUSINESSWORLD

INTERVIEW

Bagudu: Tibubu’s Plan to De-risk Consumer Credit, Mortgages Will Revitalise Economy The Minister of Budget and Economic Planning, Senator Abubakar Bagudu, in this interview on the sideline of the Arise News/KPMG 2024 Budget Day in Lagos, gave an overview of the 2024 budget, plans by the government to de-risk consumer credit, mortgages, agriculture to drive economic growth. He also spoke about the government’s resolve to stay within the limit for Ways and Means and the government’s drive for a private sector- led economy. Eromosele Abiodun presents the excerpts: “We chose democracy, and democracy has an opportunity cost. We have seen budget shutdowns in advanced democracies, particularly the U.S. because power is split and given to different institutions. In fact, the person who has the last say in appropriation under our laws as is the legislator, because it is the National Assembly that passes the final document.”

Bagudu Give us an overview of the 2024 signed by President Bola Ahmed Tinubu just want to contextualize, the 2024 budget that was passed by the National Assembly, derived from the renewed hope of agenda, manifesto, which President Bola Ahmed Tinubu campaigned and was elected upon. Central to that agenda is a reflection of the consensus that the nation has achieved, which is contained in agenda 2050. Meaning, we can grow faster than we are growing, because we should be growing near double digit growth. It is not unusual, it has been done in our country, it has been done elsewhere before and our rate of population growth, our infrastructure needs, is such as that, we should be at that level of growth. In fact, the agenda 2050, which is our long-term plan, says that we need to invest $100 billion a year to achieve an outcome of about $33, 000 per capita by the year 2030. And most of that should come from the private sector. So, because of that, the first major thing that President Bola Tinubu did as you all know, on the day he was sworn in, he said, we can’t afford distractions and he removed fuel subsidy, allowed the central bank to determine the exchange rate, just to give the private sector confidence that it’s not going to be a discriminatory macroeconomic polity. We don’t have the public funds to invest for our development; we rely on the private sector. So, we have to do a balancing act and provide economic stability and certainty, that the private sector appreciates. I think we paid attention, we have seen rating agencies, revising the Outlook for Nigeria, we have seen the International Monetary Fund (IMF) saying that inflation will come down. We have seen the market for our bonds, Euro bonds, which is a reflection of how investors think about our country doing better. So, that’s the context that goes into the 2024 budget. And the $28.77 trillion budget that was passed contains a lower deficit than the 2023 budget, because we want to maintain the signal. And then 39% of the budget is capital expenditure, which is the highest in a very long time in our national life. When the, there is a core capital, which is N9.19 trillion but most people do not add the capital component of the statutory transfers, which are transfers that go to the National Judicial Commission (NJC), Niger, Delta Development Commission (NDDC), North East Development Commission

(NEDC), and a number of them. So, the figure consists of both capital and, so when you disaggregate it and add it, you see that the capital is actually close to N11 trillion. And spending had increased in all the priority areas, defense and national security, agriculture and food security, infrastructure, roads, housing, and then creative economy, innovation, digital, science and technology, just to underscore the importance of innovation in enabling us to achieve a near double digit growth, as well as the creation of a system of funds, N100 billion for consumer credits, because in some countries, most economic activity is driven by the availability of credit. I don’t have to buy a car and pay 100 per cent. I don’t have to buy almost anything and pay 100 per cent. But here, potential demand is suppressed because not many people can afford to pay 100 per cent for anything. So, it was recognised that a way to support manufacturing activity is to provide a pool of capital, which can de-risk consumer credit. Equally, N65 billion was provided for mortgages, mortgage de-risking. This is too small in the context of our mortgage need, but the idea is to signal to mortgage providers that we mean business, and we will de-risk mortgage lending so that it’s more profitable. So that the private capital, private mortgage providers who can help us support the millions of homes that are needed will come into the market and boost economic activity. Equally, we have provided N100 billion for agricultural fund. This again, just like the mortgage fund, is to de-risk so that companies that will not otherwise come will see that the government is putting its money where its mouth is, so to say, and, as well as N100 billion to support school feeding and better nutritional, nutritional outcomes. We have provided N550 billion in anticipation of a negotiated wage increase with labour unions. So, money has been provided to meet commitments that we anticipate and as well as providing more for capital in the priority areas and to meet our obligations. My concern is on the deﬁcit. I know it’s much lower than the previous year. The government still plans to raise N6 trillion from the domestic market and that

means that the government will continue to crowd out the private sector, what is your response? It’s not going to crowd out the private sector because the first thing the president had directed is that we are no longer going to borrow money unlawfully. So the central bank is not going to print money for the government anymore. If, to the extent that we would borrow from the central bank, it is within what the law allows. The law allows, anticipates that every government around the world may need to go to central bank and say, “a consignment is coming next week. I need 5 per cent of the pack this week,” So it’s, not an unusual thing. So that’s why our laws allow that up to 5 per cent. What we have been doing wrong is to go beyond that 5 per cent limit. So now there’s that clarity. Where we are to borrow, we will issue bonds. It’s an option. People can invest. It even provides opportunity for some private investors who have money to buy government bonds. There are those who are looking. So certainly it will not crowd out the private sector. In the summary you gave to us, you alluded to de-risking, part of de-risking in key priority areas, like agricultural, housing, so on and so forth. Is this an omission of your plan not to de-risk, providing credit for MSMEs, since you wanted our new economy to be private sector driven? I think when I talk about the consumer credit, consumer credit affects everyone when we de-risk it and you may recall that in the first budget that was signed into law in July by Mr. President Bola Tinubu, a N75 billion fund was provided for MSMEs to support palliatives, as one of the elements of palliatives, and equally a nano credit fund of N50 billion. So, the technology penetration in the last few years has grown in quantum leap. Today, we have many technology companies that have assisted in de-risking. So, today, with identity, it’s easier to establish the GIS to link activity to a place is very easy. These are all tools that have evolved significantly, and they have provided lenders and others the opportunity to know, to reduce the risk, particularly location and identification risks. The National Assembly expanded both revenue and expenditure by adjusting the

projected exchange rate, which we thought the Ministry of Budget and Economic Planning should have envisaged. And between the executive and legislature, who could be closer to the realistic exchange rate? We chose democracy, and democracy has an opportunity cost. We have seen budget shutdowns in advanced democracies, particularly the U.S. because power is split and given to different institutions. In fact, the person who has the last say in appropriation under our laws as is the legislator, because it is the National Assembly that passes the final document. The executives can provide their proposals, just like the President graciously did on November 29. But the wisdom of the National Assembly was that the support exchange rate was much higher than the proposal we submitted. And they felt it should go up just even our revenue expectation from government enterprises. We have a very committed democrat in the President who, despite his opinion, knows that in democracy we have to respect institutions. Not surprisingly, we accepted what the National Assembly said, while calling on them, to join us in tasking everyone through oversight, interrogation and others to ensure that we achieve those thresholds we set for ourselves. What is the discussion within the government like to ramp up on investment, especially from outside to the country? Is it possible to bring all the ministries into the conversation to realise that each and each is an investment point? The Ministry of Budget and National Planning is a custodian of the national consensus, which is a perspective plan on where we want to be in 50 years. Other ministries are literally implementing that consensus. So, we remind all, at all times we engage on inter-ministries meetings that a federation consists of federal and sub-nationals needs an irreducible minimum of investment that should go into our economy per year. The estimate is about $100 billion and only about 16 per cent of it can come from the public sector, meaning we should roll out the red carpet for private investors. The President, in his wisdom, also created the coordinating mechanism for the economy under the Minister of Finance and Coordinating Minister of the Economy, Olawale Edun. And we meet all Continued on page 30

MONDAY, JANUARY 15, 2024 ˾ T H I S D AY

BUSINESSWORLD

INTERVIEW

BAGUDU: TIBUBU’S PLAN TO DE-RISK CONSUMER CREDIT, MORTGAGES WILL REVITALISE ECONOMY in the livestock sector. It is the same thing in small processing. Trade amongst ourselves. So Nigeria is a lucky country, in the sense that the domestic economy is an engine of growth by itself and even when the international policy is challenged, we can do much better to promote growth, and in what we are doing, significant growth will be generated by domestic activity. The security of the oil facility is a function of the wider security, and more money has been put into security and a lot of attention is being brought to bare. If somebody breaks a pipeline, he is destroying livelihoods. Fishing grounds will be destroyed. Even what can be planted in contaminated in that area. So these are even survival issues. Two days ago, we saw the governors forum reviving a committee on crude oil theft and prevention. Just to also lend support so that those issues that are threatening us, not just from a revenue and environmentally are contained.

the time. Even at the cabinet discussions and the retreats have shown that we should learn from what has happened both in Nigeria and what is happening elsewhere. If you go to many countries, the health sector is largely private sector. Even in Nigeria, we have some first-class hospitals. Maybe in the 70s, we though hospitals could only be built by the government. We are seeing airports owned by companies. We are seeing roads being concessioned. If we recall, when the President was a Lagos governor and we saw how the private sector could drive development even in areas like waste management. We understand that there is a lot the private sector can do. There is much money out there in the private space, which we must leverage. The role of public officers is even to lead so that that private capital can come and the President has been doing this. He visited India, the UAE, Germany and a couple of other countries for this purpose. He continues to emphasise the need to interact with investors, meet and hear their expectations. It has been announced that a coastal railway of over 780 kilometers from Lagos to Calabar is going to be undertaken by the private sector. We have seen Siemens investing more and expanding; it is supporting us more to expand our power sector. We have seen gas deals sealed. Every day we are seeing deals in different sectors. We understand that over 90 per cent of our revenue goes into debt servicing yet we continue to add more debt? Why are we piling up debts that do not translate to higher revenue? Unfortunately in our national life, some things cannot wait. We have many children. We want them to have education. We have security challenge. We need more boots on the ground. So as much as you would want to cut back on borrowing, there is an irreducible minimum that you need to do. So it is a choice. And investment in, maybe, security is not like building a house, certainly. So, you won’t see it when you come back, maybe that invisible spending. During Gen. Yakubu Gowon ear, he made the famous statement that money was not Nigeria’s problem. We became more populous country thereafter. Demand for everything – infrastructure and security – started growing. So, we need an irreducible minimum of spending and we don’t have the money to meet that irreducible minimum. Revenue is also a problem. There are countries that collect 50 per cent of their GDP. Most European countries are over 30 per cent; France is about 50 per cent. Italy, I think, is around 38 per cent. Nigeria used to be the second lowest in the world. Think of it – you don’t have revenue and you have irreducible commitments. You are in trouble somehow. But what we recognise this and that is why the 2024 budget, despite the need for spending, we want to make private sector to have confidence in us. From the economic planning point of view, what are we doing about our exchange rate policies so that prospective investors have confidence in the economy? Beyond economic planning point of view, the President has signed two executive orders, because we had been deceiving ourselves. We had run a system where we did not have foreign exchange anymore. So even if your desire is to ensure repatriation, you don’t have because you have boxed yourself into a corner. And that’s why the President said let us allow central bank to liberalise the market; let it be a rule-based market. If somebody makes legislation today that says every bag of yam must cost N100, the people who hold there will just take them quickly back to the stores and lock them up. So, the steps taken by the President and the Central Bank might be inconvenient now in terms of the fluctuation. But I will believe it will stabilise and get better. Countries that have chosen the route have done better on average in the long run. Nigeria has not tapped the international bond market in the past two years. Is there any plan to do so this year? Well Nigeria officially might not have done so, but the entities like the Bank of Industry have done well in Eurobond market. So, in terms of improving our credit rating, we appear to be in the junk territory… No, we are not. We have seen two outlooks and the Eurobond spread for Nigeria have been narrowing, which is a major sign of confidence. Once you liberalise your market, there are investors who reckon that Nigeria economy is big, it will get better and they rightly think that if Nigeria can meet its commitment into the future and with increased growth, even the exchange rate will stabilise. There will be potential for exchange rate gain. The gap between projected deficits and actual fiscal deficits has been growing partly

Bagudu because of the poor performance of revenue parameters? What are we doing to ensure this narrows in the coming years? It is beginning to narrow. The reason we have a significant jump in debt service this year provision from N6.5 trillion to about N8.5 trillion is because we took the interest payment on the N22 trillion ways and means that was securitised on. The nine per cent interest is about N2 billion – a reason we have that increase. We are realistic. The first element of conditioning or disciplining yourself is to tell the family that we are overborrowed. Maybe that will resonates. It is very tempting for a minister of budget to want more money for spending, rather than paying debt service. But we must begin to reduce the divergence and provide adequately for that. The major step being taken to narrow the gap is improving tax revenue. Even when the tax revenue comes, it should not be used to fund those things that the private sector can do but on things that will build confidence among the private sector. How will the budget impact women who constitute about 50 per cent of the population? Also, how will security of oil pipelines and global headwinds such as the war in the Middle East affect the implementation of the budget? Well, I dare not miss out on women. Because they don’t constitute 50 per cent, they constitute 100 per cent. All of us are a product of their biology and magnanimity. So we are absolutely indebted to them and the budget contains increase in areas, all of which will benefit women. I don’t know whether you heard this before, when the Ministry of Women Affairs was contemplated, there was a famous woman activist who was even against it. She said that, let there be no thought that we have given you your own and the rest belongs to women. Everything is women - education, health, infrastructure, everything. So it should be mainstreamed into everything we do. Because without getting that right, then everything else will go wrong. So the budget, the agriculture, food security, poverty alleviation, inclusivity, all are measures to ensure that everyone has a pride of place, particularly women. And there are women-specific programmes that Mr. President has just approved, for example, the expansion of the World Bank Nigeria for Women project, $550 million, which was taking place in some pilot states, but now to be extended to, and even in the choice of beneficiaries, he has always emphasised more women for government programmes. Headwinds, yes, the international economy is affecting everyone, but luckily for us, we are an economy

with a strong absorptive capacity, even as challenged as the international economy is. Because across Nigeria, in all the 36 states plus FCT, whether it is in farming, there are hard-working men and women, they are out in the farm, who if you support them with either seedling or fertilizer or input, they do better. They produce more, with which they can take care of their families, and even generate to lower inflation because less people go to market, it is the same thing in fisheries, hardworking men and women. It is the same thing

What is the government’s plan to enhance revenue from the maritime sector? Well, first, the institutional realignment of recognising and creating a ministry of Blue and Maritime Economy goes to support the point you made that we appreciate that this is a sector that deserves attention by itself. The second element is, and that’s why one of the reasons why we are here, look, we should task people. We should ask questions of public officials so that if you don’t think you can do it, step aside and allow somebody who can do it. That’s how companies are run. If you are given a sector to run and you accept that it can contribute X to our national life, and without any decent reason, you can’t, then the searchlight should be beamed on you to make a choice. President Bola Tinubu, in signing the budget, said as much, if you cannot help us, then you may consider leaving and you have all responsibilities to put us to task. A budget, just like the mission of a private company, demands hard work. It’s not a presumed achievement. It depends on the industry and hard work of those who are bestowed with delivering it. And we should put everyone to task.

T H I S D AY ˾ MONDAY, JANUARY 15, 2024

HOMES&DESIGN A & A Towers, Pride of Eko Atlantic City The A & A Towers, designed and rendered by Arkland Group, is an A-list masterpiece in Eko Atlantic City in Lagos. Bennett Oghifo writes

he Arkland A&A Towers is a 22-floor edifice consisting of two- and three-bedroom homes, shops, and offices constructed to the highest specifications. A & A Towers nestles on the serene waterfront off the coast of the Atlantic Ocean, and it is fondly described as the pride of Eko Atlantic City by its developer. It is strategically located within the innovative new metropolis. This elite Oceanfront District is among 10 expertly created residential and business zones. The Oceanfront neighbourhood, located near Eko Atlantic’s commercial sector and Lagos’ new financial centre, offers fashionable and premium seaside living with a multitude of state-of-the-art amenities and facilities in a curated, smart community maximised for optimal living conditions. Amenities in A&A Towers include breathtaking views; spacious floor plan fully fitted kitchens; upscale bathroom fittings; fitness centre; spa; restaurants; swimming pool; retail and office spaces; 24-hour concierge service; 24-hour power supply; valet and drop-off. Arkland Group is a full-service real estate organisation operating in major cities with core competencies in

property development, advisory, facility, and project management. “At Arkland Group, we specialise in acquiring, developing, and investing in sustainable housing properties in cities across

Nigeria. “With 300 developed housing units and over 2,000 ongoing units, we have earned our reputation as one of the leading real estate companies and property

developers in this market. “Our focus is longevity and sustainability, with a goal to deliver value to our clients on every investment made,” the company stated.

T H I S D AY ˾ DAY ͯͳ˜ 2024

FEATURES

Group Features Editor: Chiemelie Ezeobi Email: chiemelie.ezeobi@thisdaylive.com, 07010510430

AFRD: Remembering the Labour of Our Heroes Past Every January 15 is marked as the Armed Forces Celebration and Remembrance Day, a day set aside to celebrate fallen heroes who died in the line of duty, as well as those still in service. This year, it again afforded the military hierarchy the opportunity to solidify the unwavering commitment and heroism demonstrated by its personnel. For Nigerians, it was also an avenue to reflect on the sacrifices by our fallen heroes who gave their today for our tomorrow while defending the territorial integrity of our nation. Chiemelie Ezeobi writes

CDS, General Musa

he 10th line of Nigeria's National Anthem reads thus; 'the labours of our heroes past, shall never be in vain'. How fitting that is for our Armed Forces as they labour to protect the territorial integrity of Nigeria, whether on land, air or sea. Although the importance of celebrating our Armed Forces can never be understated, the Armed Forces Celebration and Remembrance Day (AFCRD) is a day set aside annually every January 15 to honour our fallen heroes in the military who paid the ultimate price while defending the unity, and sovereignty of the country. This year will not be different as the federal government and all states will mark the day across the nation. Armed Forces Remembrance Day Formerly celebrated on November 11 of every year to coincide with the Remembrance Day (Poppy Day) for the World War 11 veterans in the British Commonwealth of Nations, it was later changed to January 15 in Nigeria in commemoration of the surrender of Biafran troops to the federal troops on January 15, 1970, thus concluding the Nigerian Civil War that almost brought Nigeria to its knees. Annually, this national day celebrates military personnel including the Nigerian Army, the Nigerian Navy, the Nigerian Air Force and the Nigerian Legion, and in commemorating the day, several military traditions are adhered to whether marked at the federal, state or local level. Symbolisms include the release of pigeons to symbolise peace, placing of wreaths, playing of the last post, Remembrance Day parade, shooting of guns. But before all these, the Nigerian Legion Humanitarian Day, which involves community service by the veterans as well as empowerment of widows and orphans of fallen heroes, is held which then leads to emblem launch by the president. This launch set things off in motion as the sale of the emblems begins nationwide and the proceeds of the sale of the remembrance emblem are deposited to the Nigerian Legion, a body of veterans. To kick off the AFCRD properly, the Jumma’at Service at the National Mosque is followed by an inter-denominational service at the National Christian Centre, Abuja (note that all these events took place simultaneously in all the states). On the AFCRD proper, the wreath laying ceremony, which is the peak of the celebration happens when the president and other dignitaries lay wreath at the National Cenotaph in Abuja amongst other symbolisms. This will also done simultaneously by governors in their respective states. I Will Continue to Prioritise Your Welfare, Remain Resolute in Defeating All Forms of Security Threats- CDS

COAS, Lieutenant General Lagbaja In his goodwill message on the occasion of this year's AFCRD, the Chief of Defence Staff, CDS General Christopher Musa, charged personnel to remain resolute in defeating all forms of security threats so as to ensure enduring peace and security in every area of the country as he will continue to prioritise their welfare while steering the affairs of the armed forces. He said: "On this special occasion, let me also honour and acknowledge the immeasurable contributions of our gallant officers and men both serving and retired. Your selfless dedication to service in protecting our nation's freedom and security has resulted in the relative peace which we enjoy today. "I assure you of my unremitting support as you continue to uphold our values of respect for the rule of law, professionalism, loyalty to constituted authority, discipline, selfless service and courage. For those who have suffered one form of injury or the other, we appreciate you and we will continue to pray for your quick recovery. "Similarly, for those who have passed on, we thank you for your great sacrifices. Always remember that all your efforts and steadfast devotion in defence of our democracy and national unity in line with our constitutional roles will never be in vain. "Furthermore, as we reflect on the gains achieved so far, I charge you to remain resolute in defeating all forms of security threats so as to ensure enduring peace and security in every area of our dear nation. "On my own part, I will continue to prioritise your welfare while steering the affairs of the armed forces in line with my leadership philosophy which is “To Nurture a Professional Armed Forces of Nigeria that is People Centric, Capable of Meeting its Constitutional Responsibilities in a Joint and Collaborative Environment”. I therefore urge you to continue to remain vigilant and uncompromising in the discharge of your constitutional responsibilities. "Worthy of note, our profound gratitude goes to His Excellency, Bola Ahmed Tinubu GCFR, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, for his numerous and timely support to the Armed Forces of Nigeria. I assure Mr President of our unalloyed loyalty and commitment to defending our nation’s democratic

CNS, Vice Admiral Ogalla

CAS, Air Marshal Abubakar

values whilst ensuring peace and cohesion in the country. "Similarly, let me appreciate our esteemed families, particularly our spouses, for their inestimable roles in keeping the home front whenever duty beckons on us. Your untold sacrifices as a result of our prolonged absence have been impactful and productive. "This is evident in the qualitative outputs of the men and women of the Armed Forces of Nigeria in their respective areas of national assignment. While appreciating you in this regard, I implore you to sustain your efforts in ensuring that our homes remain peaceful."

Air Component Commanders of the various joint theatres of operation in the country for the series of successful air strikes undertaken since the beginning of year 2024, just as the nation prepares to celebrate the 2024 Armed Forces Remembrance Day. He said: " Indeed, as recent as yesterday, 13 January 2024, air interdiction strikes by the air component of Operation Hadin Kai at Tumbunma Baba near Lake Chad, proved successful as several terrorists were eliminated and their vehicles and structures destroyed." Speaking further, Air Marshal Abubakar noted that while the entire nation can never repay the fallen heroes, efforts at restoring peace and tranquillity in all parts of the country must be sustained to return the country to its peaceful past which was made possible by the dedication and commitment of the fallen heroes. According to him, “We have no excuse not to deliver on our mandate as the President Bola Ahmed Tinubu-led Federal Government has provided the wherewithal for us to succeed. We must, therefore, continue to sustain the momentum of our operations and give our citizens the confidence they require to go about their businesses without fear.” The CAS also called on all Nigerians to continue to offer gratitude, goodwill, solidarity and unrelenting prayers to the fallen heroes and their families. In doing so, CAS opined that the entire nation will not only be according these great patriots the honour and credit they truly deserve but also reassuring those still in service that the country would never forget their sacrifices nor forsake them in their own hours of needs. Earlier, the CAS had approved the commencement of the maiden Nigerian Air Force (NAF) Veterans Outreach Programme from 12-13 January 2024 in the three oldest NAF Commands located at Makurdi, Kaduna and Lagos. According to the DOPRI, Air Vice Marshal Edward Gabkwet, the aim is to give back to NAF retired officers, airmen and airwomen through medical outreaches, health support talks/lectures and interactive sessions with respective AOCs/Base Comds. He said: "Other objectives of the outreach include boosting the morale of the veterans by giving them a sense of belonging while also serving as a forum to discuss and resolve observed challenges that are peculiar to retirees’ welfare. "It is also anticipated that the programme will go a long way in uplifting the spirit of the veterans while also assuring them that their services and sacrifices to the nation remain deeply appreciated and unforgettable. " It will also demonstrate a positive message of care to those currently serving, reinforcing the value the NAF places on their ongoing efforts at safeguarding lives and properties of Nigerians, while encouraging them to continue to dedicate their services to the nation."

Welfare Tops the Priority of My Agenda for the Nigerian Army - COAS On the part of the Nigerian Army, the Chief of Army Staff (COAS), Lieutenant General Taoreed Lagbaja reiterated his commitment to the welfare and well-being of Nigerian Army personnel and that of their families, under his watch. The COAS gave the assurance on January 13, 2024, while addressing troops and their families at the Nigerian Army Finance Corps West African Social Activities (WASA) marking end of the year 2023, held at the Headquarters Command Finance Office Parade Ground, Arakan Barracks, Apapa Lagos. Describing welfare as the number one pillar upon which Sound Administration rests in his Command Philosophy, the COAS, reassured troops that their welfare tops the priority of his agenda for the NA. He pledged that he will not fail to improve troops' welfare at every opportunity. General Lagbaja urged the troops to be on the lookout as more efforts to improve the standard of living accommodation across NA's barracks and cantonments will become more visible in the new year. The COAS promised to work in consonance with Mr President’s stringent financial measures to curb wastage in order to revamp the country's ailing economy. According to the Army Chief, "We hope to achieve this, despite budgetary constraints, through prudent management of available resources. I assure you that irrespective of the belttightening measures that government policies may require, the Army Headquarters will continue to invest in programs and initiatives that will enhance your welfare and well-being." Sustained Momentum as Best Tribute to Fallen Heroes- CAS For the Chief of the Air Staff (CAS), Air Marshal Hasan Abubakar, there is no better way to pay tribute to members of the Armed Forces of Nigeria who have paid the supreme price in the defence of Nigeria than to sustain the joint air, ground and maritime strikes against terrorists, insurgents, economic saboteurs and other non-state actors in the country. The CAS stated this while commending the

T H I S D AY ˾ DAY ͯͳ˜ 2024

FEATURES

Rainbow Heritage: Brightening Soludo's Quest to Build a Liveable Anambra David-Chyddy Eleke reports that a real estate company, Rainbow Heritage group is making good Soludo's promise of building a liveable Anambra with the creation of Golf Residency Estate

L-R: Commissioner of Lands, Hon Ofonze Amucheazi; Director of Sale, Rainbow Heritage Group, Mrs Prinye Ngelale; Director of Strategy, Rainbow Heritage Group, Mr Emeka Onwuocha and Anambra State Commissioner for Economic Planning, Ms Nnake Okafor during the unveiling of The Golf Residency Estate, Awka

ne of Prof Chukwuma Soludo's promise that stood out during the 2021 electioneering in Anambra was to build "a liveable Anambra State". Soludo had in every political gathering stated that his aim of running for governorship was to build an Anambra that all will be proud of. In the promise, Soludo had often said: "We want to build an Anambra that any Anambra person will be proud of. We should have a homeland which any Anambra person, anywhere around the world, who feels like coming back home and enjoying the same level of luxury they enjoy where they live can come back home and be able to attain it.We want to build world class infrastructure, and provide security in the state," the governor always said. Close to two years of being on the saddle, Soludo has been working to give the people what he promised them, and because he cannot do it alone, part of those who are helping him are Rainbow Heritage Group, a world class real Estate company that is offering luxury living in the heart of Awka, the capital of Anambra State. Recently, the governor commissioned The Golf Residency, an estate owned by Rainbow Heritage Group in the new GRA, Awka, Anambra State. Soludo who was represented by the commissioner for lands, Prof Ofonze Amucheazi assured of the governor's resolve to create a new Awka; luxury housing, beautiful infrastructure and improved security. Amucheazi said: "Governor Soludo administration is happy with the Rainbow Heritage Group for coming to assist the state to make it a liveable, prosperous, mega, green city, convenient for all categories of people. "I have personally visited the estates built by the Rainbow Heritage Group in Port-Harcourt, and I was enthralled by the professionalism and aesthetics of their houses, and I enjoin Anambra State people in Nigeria and in diaspora to come and

take advantage of the Golf Residency estate in the new GRA, Awka." In a welcome address the commercial director, Rainbow Heritage Group, Mrs Prinye Ngelale said that the aim of the company was to contribute to Anambra State's development trajectory. She said: "The Golf Residency estate will offer comfort, smart community, deliver world class luxury homes comparable to modern living standard, right ambience, for excellence in living, uninterrupted water supply, commercial shops. "The estate would also feature restaurants, jogging facilities, and other recreational facilities for social gathering, central water supply system, efficient security, CCT digital cameras, C of O, conventional link to the digital world, smart cutting edge technology, dedicated commercial areas, laundry facilities, strategic partnering with institutions, good payment terms in purchasing of houses, serene environment, clinic, club, central sewage system, fiber optics door throughout the world, fire hydrants for fire safety measures, greenery for luxurious living, pedestrian walkways, healthy water

supply, shopping malls, parks, and provision for high and medium class of people." Also, the director of strategy and planning, Rainbow Heritage Group, Mr Emeka Onwuocha while speaking with journalists called on Anambra people at home and in the diaspora to see the need to come home and invest. He said The Golf Residency Estate is a partnership between the government of Anambra State and the Rainbow Heritage Group, to provide world class housing with the best infrastructure for the people of Anambra State. "While the government provided the land and also defined the kind of development needed on it, Rainbow Heritage Group is providing the infrastructures. This is a 55 hectares project, and the good thing is that we have a track record that is visible. Officials of Anambra State government have visited our properties in Rivers State and they can attest to our works. "We are calling on Anambra people to come now and subscribe. We have different packages, and the kind of buildings that will feature on the estate depends on what the subscribers agree on, and that will also determine the cost of buildings in the estate," he said. True to their claims, Rainbow Heritage Group may be on its way to helping Governor Soludo fulfill not just housing needs in Anambra,

We want to build an Anambra that any Anambra person will be proud of. We should have a homeland which any Anambra person, anywhere around the world, who feels like coming back home and enjoying the same level of luxury they enjoy where they live can come back home and be able to attain it.We want to build world class infrastructure, and provide security in the state

but to achieve the aesthetics that will guarantee luxury living as the company gave an insight into the luxury designs it intends to bring in housing. "We are the preferred urban real estate development company, offering high quality and customized solutions across sub-Saharan Africa. We at Rainbow Heritage Group create residential estates where people truly love to live. With greenery, community events, top-notch construction, and family-friendly amenities, our neighborhoods nurture the human spirit. Over the past 10 years, we've built over 500 stunning homes across Nigeria. Our special pride is crafting eco-friendly houses and spaces that bring people together. Families thrive here, whether in a cozy 2-bedroom or a spacious 5-bedroom unit nestled in nature's beauty. "Nestled in the heart of the Awka capital territory, The Golf Residency (TGR) isn't just an estate, it's a vibrant mixed use development, designed for those who appreciate the finer things in life. With first grade houses and robust infrastructure catering to middle and high income earners, this project-which is established in partnership with the Anambra State government spans an impressive 55 hectares of land areas. "At TGR, we understand that your home is more than a place. It's an experience. Our exclusive ultra modern prime residential development is crafted for tranquility, splendor, and optimal value, right here in the capital of Anambra State. Discover a community where luxury meets functionality, where your every need is anticipated and fulfilled. The Golf Residency is not just a place to live, it's a destination crafted for the discerning few who seek elegance, convenience, and a life well lived." Onwuocha revealed that already, many Anambra people from within and in the diaspora have already started subscribing to the estate. "Every day, people are placing orders and subscribing to the estate, and our resolve is that we will ensure that people get value for their money."

MONDAY, JANUARY 15, 2024

T H I S D AY

BUSINESS/MONEYGUIDE

Report: Legislation, Macro Economic DevelopmentTop Business Risks for Nigeria in 2024 Ebere Nwoji Recent reports on most important global business risks in 2024 has revealed that Nigerian businesses would face risks emanating from changes in legislation and regulation, Cyber incidents and macroeconomic developments as joint top of risks confronting businesses in the country this year. The report compiled by the global insurance giant Allianz, in the 13th edition of its Allianz risks Barometer publication put together by its team of risk management experts from over 92 countries and territories x-rayed country by country business exposure to risks during the year pointing at risks from business interruptions, natural catastrophes,

macro economic developments, fire explosions, political risks and violence as well as shortages of skilled workers as top global business risks for most countries during the year. Here in Nigeria it said risks emanating from changes in legislation and regulation, cyber incidents and macroeconomic developments would stand as joint top of risks confronting businesses in the country this year. The report said the listed risks ranked first to third positions in the ranking of the risks to be faced by Nigerian businesses saying they pooled 36 percent in its risk survey report. While market development risks, the newest among all the risks took fourth position standing at 20 percent.

Climatic change risks occupied fifth position in the ranking together with theft, fraud and corruption. The report said political risks and violence fell within the seventh position in the ranking, while energy risks, in form of supply shortages and outage, price fluctuations ranked the 8th position with new technologies, in form of risk impact of artificial intelligence, connected /autonomous vehicles, lithium-ion batteries, electric vehicles, metaverse ranked ninety position . Also business interruption including supply chain disruption ranked 10th position. In summary, the report said 2024 could see the wild ups and downs of growth, inflation and interest rates that followed the Covid-19 shock settle down.

L-R: General Secretary, Aviation Safety Roundtable Intern ational (ASRTI), Olumide Ohunayo ; Chief Operating Officer, MMA2, Tosan Odukoya; Speaker, Prof. Abiola Sanni; President, ASRTI, Air Cdr. Demola Onitiri; 2nd Vice President, Alex Nwuba; CEO Pathfinder, Mrs. Nkechi Onyenso; and former President ASRTI, Dr. Gbenga Olowo, at the quarterly Break fast meeting of ASRTI theme: Nigerian Aviation Sector Charges, Duties & Tariffs: Truly Exorbitant? at Ikeja GRA, Lagos... recently. PHOTO: ˛

SEC Grants NASDApproval to Launch Digital Securities Platform The Securities and Exchange Commission (SEC) has granted approval to NASD Plc to launch its Digital Securities Platform (NDSP), powered by Blockstation, under the Regulatory Incubation (RI) Programme. This milestone, which follows the lift of ban on trading on digital assets by the Central Bank of Nigeria (CBN), signifies a major stride towards fostering a new age of innovation that enhances transparency and deepens trust and inclusion in the Nigerian capital markets. NASD in collaboration with Blockstation Incorporation, had engaged with SEC to shape a regulatory framework for crypto and digital assets. The development of regulations and the subsequent approval for the launch of the NASD Digital Securities Platform (N-DSP) mark a significant outcome of this collaborative initiative. “Our objective is to empower millions of young investors with access to promising digital assets, ensuring they can make

purchases with confidence in a completely compliant and secure investment environment. Nigeria currently ranks second globally, for blockchain wallets, and our Exchange is poised to supporting high-quality assets, thriving on the blockchain.” explained Eguarekhide Longe, Managing Director, NASD Plc. “In a nation marked by dynamic economic forces, the confluence of digital assets and traditional financial institutions signals a transformative era for Nigeria’s economic landscape. The integration of cutting-edge technology to address the needs of, and captivate the substantially large youthful population, is set to unlock previously untapped markets. We are confident that this platform will play a pivotal role in propelling Nigeria into a new era of economic growth and development, said Jai Waterman, CEO, Blockstation. Blockstation, as a technology partner, has provided a robust enterprise blockchain-

driven platform, originating and popularizing the importance of regulated tokenized IPOs, generally called Security Token Offerings (STO’s). The N-DSP is set to transform the way of issuing, trading, and settlement of digital securities, democratizing, access to capital markets and leveraging blockchain technology to enhance accessibility while minimizing costs. The operations of the N-DSP during the RI Program will be regulated by SEC and participating institutions, such as custodians, brokers and issuing houses, will play essential roles during this phase. The focus has now shifted to market sensitization and public education before going Live. It will be facilitated by a consortium of partners, namely NASD PLC, Blockstation, Sophus Consulting and TK Tech Africa. This sandbox will involve a limited number of qualified issuers, marking a strategic approach for enhanced controlled and effective implementation.

Emir of Lafia Pledges Support for The Alternative Bank Nume Ekeghe Alternative Bank, has received the support of the Emir of Lafia, Justice Sidi Bage (rtd.), in transforming the city’s financial landscape. The bank disclosed in a statement said the Emir expressed admiration for the bank’s commitment to financial accessibility and community empowerment at the unveiling and launch of The Alternative Bank’s new branch dedicated to bringing

an unconventional approach to ethical banking. The support from the Emir signifies a significant step forward in the bank’s mission to meet the fastevolving financial needs of the Lafia community. Emir Bage said: “This bank is the first of its kind in our community. We have been yearning for an ethical banking system in line with our faith, and today, our wish is fulfilled because The Alternative Bank is here.”

He urged residents, irrespective of religious affiliation, to patronize The Alternative Bank, emphasizing that the bank caters to everyone. “We are happy that our wish is fulfilled because The Alternative Bank is here.” Executive Director of The Alternative Bank, Garba Mohammed, provided insights into the institution’s role within the Sterling Group’s transition to a financial holding company.

Credo Advisory Launches Podcast to Amplify Global Changes Credo Advisory, a leading strategic and development communications consulting firm, has announced the launch of Credo Voices, a podcast dedicated to amplifying the impact of individuals driving progress in their communities. Hosted by Awele Okigbo, the founder and CEO of Credo Advisory, Credo Voices delves deep into the stories and experiences of remarkable change agents from various

countries including Nigeria, Cameroon, the Democratic Republic of Congo, South Africa, France, Germany, the United States. It explores their journeys, challenges, and triumphs as they advance social change in various fields. Sharing the podcast’s mission, Awele Okigbo stated “We are incredibly passionate about bringing the stories of everyday heroes like Martha to the forefront. This is why Credo Voices is themed

‘Ordinary people doing extraordinary things.” All our guests are inspiring changemakers bringing about impactful change. Their dedication and resilience in the face of adversity are truly inspiring, and we believe their voices deserve to be heard by a global audience. We hope to spark important conversations, share valuable knowledge, empower individuals, and, ultimately, build a community of changemakers.”

MARKET INDICATORS MONEY AND CREDIT STATISTICS (MILLION NAIRA) August, 2023

Money Supply (M3)

65,445,154.2

-- CBN Bills Held by Money Holding Sectors

552,553.58

Money Supply (M2)

64,892,600.61

-- Quasi Money

40,870,301.28

-- Narrow Money (M1)

24,022,299.33

---- Currency Outside Banks

2,295,309.10

---- Demand Deposits

21,726,990.23

Net Foreign Assets (NFA)

7,144,158.92

Net Domestic Assets(NDA)

58,300,995.27

-- Net Domestic Credit (NDC)

87,273,966.81

---- Credit to Government (Net)

32,511,333.17

---- Memo: Credit to Govt. (Net) less FMA

0.00

---- Memo: Fed. and Mirror Accounts (FMA)

0.00

---- Credit to Private Sector (CPS)

54,762,633.63

--Other Assets Net

13,347,376.27

Reserve Money (Base Money

19,429,603.25

--Currency in Circulation

2,660,138.92

--Banks Reserves --Special Intervention Reserves

16,769,464.34 428,519.21

˾ ÙßÜÍÏ ̋

Money Market Indicators (in Percentage) Month

August 2023

Inter-Bank Call Rate

3.89

Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR)

18.75

Treasury Bill Rate

5.13

Savings Deposit Rate

5.26

1 Month Deposit Rate

7.31

3 Months Deposit Rate

7.55

6 Months Deposit Rate

8.30

12 Months Deposit Rate

8.13

Prime Lending rate

13.99

Maximum Lending Rate

27.59

˾ ÙØÏÞËÜã ÙÖÓÍã ËÞÏ ̋ ͯͱϱ

OPEC DAILY BASKET PRICE AS AT 29TH SEPTEMBER , 2023

The price of OPEC basket of thirteen crudes stood at $97.48 a barrel on Thursday, compared with $97.08 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zaﬁro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

T H I S D AY ˾ DAY, JANUARY 15, 2024

MARKET NEWS

Stock Market Gains N1.85tn as Investors as Position for 2023FY Earnings Releases Kayode Tokede The stock market of the Nigerian Exchange (NGX) gained N1.85trillion week-on-week (WoW) to extend its positive run for a second week as investors continued to take position ahead of 2023 corporate earnings. The market capitalisation closed trading at N45.442trillion, gaining N1.85trillion from N43.594trilliion it opened for trading. Last week Tuesday, the market

capitalisation gained N1.6trillion on the backdrop of investors’ demand for large-mid stocks surge banking index, among others on the bourse. Although, investor profit-taking activities briefly tempered the upbeat trend midweek, strong rallies in the NGX Consumer Goods, NGX Banking and NGX Industrial Goods indices propelled the market’s pricing gauge to a historic high, with the All-Share Index remaining above the

P R I C E S MAIN BOARD

F O R DEALS

80,000-points mark breached during week, closing at 83,042.96 basis points. Notably, increased investors’ interest in BUA Foods that gained 15.5per cent, Dangote Cement rose by 7.7per cent, and Guaranty Trust Holding Company Plc (GTCO) appreciated by 8.9per cent, resulted in a 4.2per cent Week-on-Week (WoW) gain in the All-Share Index and elevated the Year-to-Date gain to +11.1per cent. All other indices finished higher

S E C U R I T I E S MARKET PRICE

QUANTITY TRADED

with the exception of NGX Oil and Gas which depreciated by 1.61per cent, while the NGX ASeM index closed flat. The weekly market report by NGX revealed that a total turnover of 5.719 billion shares worth N88.828 billion in 80,064 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 3.320 billion shares valued at N41.755 billion that exchanged hands in prior’s week 46,994 deals.

T R A D E D

VALUE TRADED ( N )

MAIN BOARD

A S O F

According to the report, “The Financial Services Industry (measured by volume) led the activity chart with 3.873 billion shares valued at N53.364 billion traded in 39,913 deals; thus contributing 67.72per cent and 60.08per cent to the total equity turnover volume and value respectively. “The Conglomerates Industry followed with 725.490 million shares worth N9.886 billion in 7,658 deals. The third place

J A N UA RY DEALS

was the Oil and Gas Industry, with a turnover of 223.240 million shares worth N2.690 billion in 4,464 deals. “Trading in the top three equities namely Transnational Corporation Plc, FCMB Group Plc and Fidelity Bank Plc (measured by volume) accounted for 1.380 billion shares worth N17.741 billion in 12,442 deals, contributing 24.12per cent and 19.97 per cent to the total equity turnover volume and value respectively.”

/ 1 2 / 2 4 MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N)

MONDAY JANUARY 15, 2024 • T H I S D AY

T H I S D AY • MONDAY, JANUARY 15, 2024

NEWS

EXPLORING SHARED COMMITMENT TO ENHANCE PUBLIC TERTIARY EDUCATION... Director, Research and Development, TETFUND, Dr Bakare Salihu; Senior Special Assistant to the President on Technical, Vocational and Entrepreneurship Education, Madam Abiola Arogundade; Executive Secretary of TETFUND, Arc. Sunny Echono; and staﬀ of the senior Special Assistant to the President, Ms. Chidimma Obianodo during an oﬃcial visit to TETFUND’s Corporate Headquarters at Maitama, Abuja by Madam Arogundade to explore shared commitment to enhance public tertiary education in Nigeria in the areas of technical, vocational and entrepreneurial training, last Thursday

Wike: I Regret Begging Obuah, Others to Step Down for Fubara Blessing Ibunge in Port Harcourt The Minister of Federal Capital Territory (FCT), Nyesom Wike, has said he regretted pleading with the former Chairman of the Peoples Democratic Party (PDP) in Rivers State, Mr Felix Obuah and other governorship aspirants of the party to step down for Governor Siminalayi Fubara. The former governor, who made this disclosure at a thanksgiving service organised by Obuah in Omoku, begged the people of Ogba/Egbema/Ndoni Local

Government Area to forgive him for not supporting their son in his ambition to succeed him as a governor. He, however, hinted that his team has fulfilled its part of the peace accord initiated by President Bola Tinubu and endorsed by all the parties involved in the state political saga. Addressing the ONELGA people at the open thanksgiving service, Wike said despite Obuah's supports to him, he denied him the opportunity he desired. He thanked the former state

PDP chairman for his generous and forgiving heart. "Leadership is all about firmness, it’s all about courage, it’s all about transparency. When a leader takes a decision that is wrong, nothing stops that leader from coming back to say, I am sorry for that decision I took. "My relationship with Felix Obuah started 2004, when he became the Chairman of Ogba/Egbema/ Ndoni Local Government. That was my second tenure and that was his first tenure. He showed that he is a man whom God has blessed

and therefore he always contributes to people in appreciation of God's favour in his life. "It may be painful on how Obuah was treated by the then government, but he is one of those people that will not hesitate to obey my decision. That is why I say, today, I will use this opportunity to do something that is uncommon. In 2023, if you look at those which ordinarily I should support for governorship, Go Round (Obuah) should be one of them in forefront. "That is if we do things based on your contribution, based on

Akpabio: Nigeria Must Remain Inseparable, Indivisible Entity Hails fallen heroes at remembrance day service Sunday Aborisade in Abuja President of the Senate, Godswill Akpabio, has said the current administration of President Bola Tinubu was determined to ensure that Nigeria remained an inseparable and indivisible entity. He spoke at the Interdenominational Church Service for the 2024 Armed Forces Remembrance Day Celebration held yesterday at the National Christian Centre, Abuja. Akpabio noted that the continued existence of the country hinged

on its rich cultural, religious and ethnic diversity. He called on Nigerians to embrace unity, and assured the people that the Tinubu administration was ready to redouble its efforts in securing the country. He paid glowing tributes to members of the armed forces, who fell in the quest to make Nigeria remain one, stressing that their labour would never be in vain. Akpabio also asked the Christendom and other stakeholders in the Nigerian

project to join hands with the Tinubu government as well as the nation's armed forces to tackle the issues that have threatened the co-existence of the country. "The unity of Nigeria came at a great price. The sustenance and defence of this unity rests on the shoulders of the men and women of the Armed Forces. "The true weight of loss is carried by the families and dependents of these fallen heroes. If only we could share the pain they feel, then we would truly understand the imperative of

eschewing insecurity and violence in all its forms. "The year, 2023, was an eventful one, marked by general election and a change in leadership. Our nation is still grappling with the effects of long-overdue multisectoral reforms needed to propel us forward and position Nigeria among the great nations of the world. "I urge for support to the government of His Excellency President Ahmed Tinubu, GCFR, during this crucial time as we strive to achieve the Nigeria of our dreams.”

Address Issue of Food Security Immediately, KACRAN Calls on Agriculture Minister Michael Olugbode in Abuja The Kulen Allah Cattle Rearers’ Association of Nigeria (KACRAN) has called on the Minister of Agriculture and Food Security, Senator Abubakar Kyari, to immediately swing into action to address the critical issue of food security in the country, which remains the cornerstone for peace, stability, and nation-building. The group in a statement by its National President, Hon. Khalil Mohammed Bello, on Sunday said there is the urgent need for Senator Abubakar Kyari to fulfill the high expectations set by President Bola

Ahmed Tinubu and the Nigerian people in the area of food security. Bello said: “No doubt President Tinubu, who is one of Nigeria's most sincere, determined, and visionary leaders since independence, has taken decisive steps to ensure the continuity of governance at all levels. Within moments of assuming office, he implemented critical measures, including the removal of the oil subsidy, to maintain the government's momentum. “As Nigeria navigates the complexities of national development, the role of the Minister of Agriculture and Food Security becomes increasingly pivotal. Recognizing

this, President Tinubu has placed significant trust in Senator Kyari to address the critical issue of food security - a cornerstone for peace, stability, and nation-building. “KACRAN believes that the appointment of Senator Kyari, with his extensive experience in lawmaking and his commitment to food provision, signifies the President's dedication to ensuring all Nigerians have access to nutritious and sufficient food. This is further evidenced by the substantial budget allocated to the ministry, confirming its pivotal role in sustaining the government's agenda.” He added that: “The frequent

consultations between Nigeria's farmers and the Minister in Abuja underscore the confidence placed in Senator Kyari's leadership, not only by the President but also by the agricultural community. “However, KACRAN emphasizes that true justification of this confidence will come from the Minister's demonstration of capability to supply over two hundred million Nigerians with a diverse and nutritious food supply. To achieve this, KACRAN urges the Minister to administer resources with equity, advocating for a balanced approach to supporting both herders and farmers.”

your support, Go Round is the first two persons that ought to get my support. So, I want to use this opportunity to apologise to all of you, to ONELGA for taking a decision that hurt you. I am sorry. "Your judgement may not be right all the time, but I am a human being, I may make mistake, but it’s important for you realise your mistake and apologise to the people. So, I beg you to beg Go Round to forgive me. I hope one day another opportunity may come, but let nobody lose faith. "If God has blessed you, no amount of gang-up that can make you to lose faith in your God. That strength that God has given us, we will replicate it at the appropriate time. We will know who knows left and who knows right. Obuah as the leader of the party, supported me and I become the governor." Speaking on his experience during and after office as governor, Wike explained that he supported his successor, but regretted that he inherited nothing from his predecessor. "This is not time for politicking but to let you know we are there. We have the capacity. Some people said they bought the deputy governor. No problem. Tell them to eat. We know how water entered melon.

"Some people today are claiming they brought, but what is important is that we all know how it happened. I initiated the Ring road, I contracted Julius Berger before I left office to dualise the trans-Kalabari road. As the governor I approved all the major projects because I believe there is going to be consolidation of government. "I laid the foundation but nobody laid the foundation for me, I came and saw nothing. No handover note to me. I didn't have any car even on my swearing-in day. I had to borrow car from Ondo State. The governor then, Mimiko donated their own car to us for my swearing-in. "But as soon as I left as governor, I provided cars for everybody that was coming as a governor, deputy governor. It doesn't matter about people abusing me. They said Wike is wicked, is the same man that told Go Round and others to step down. You benefited from the wickedness. Don't worry, whatever you sow, you will reap." On the recent crisis in the state, Wike stressed that, "I will accept whatever Mr. President has said and to the glory of God our own team, we have kept our own part and I have also told Mr President that there is nothing in this world that will make me disobey him."

Rivers Guber: Supreme Court Hears Case against Fubara, INEC, PDP, Today Blessing Ibunge in Port Harcourt The Supreme Court has fixed today, January 15, 2024 to hear the case filed by the governorship candidate of the All Progressives Congress (APC) ion Rivers State, Tonye Cole, against Governor Siminalayi Fubara, Independent National Electoral Commission (INEC) and the Peoples Democratic Party (PDP) on the outcome of the state’s gubernatorial poll. Cole had approached the apex court, insisting that Fubara did not resign as Accountant General of the state and acted as accountant general exceeding the stipulated time as provided by the constitution and electoral act before the election. The APC candidate also argued that Fubara was not qualified to contest or even to be declared winner of the election.

The Appeal Court sitting in Lagos State had affirmed the election of Siminalayi Fubara as the governor of Rivers. The court dismissed the petition filed by Cole, against Fubara, PDP and INEC. The APC candidate had requested that the court order INEC to declare him winner of the March governorship election in Rivers. But the court held that all the appellants failed to prove the allegation of non-compliance with the Electoral Act. The court also faulted the tribunal for dismissing Cole’s appeal on the ground that APC sponsored him and had withdrawn the petition against Governor Fubara’s victory. The appellate court further held that the fact that APC withdrew its petition against Fubara’s victory did not prevent its candidate, Cole, from pursuing his appeal.

T H I S D AY • MONDAY, JANUARY 15, 2024

NEWS

COURTESY VISIT... Minister of Housing and Urban Development, Hon Ahmed Dangiwa and Founding Director, TEXEM, UK, Dr Alim Abubakre, during courtesy call to the minister...recently

SERAP Urges Akpabio, Abbas to Reduce N'Assembly Budget

Chuks Okocha in Abuja

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President, Godswill Akpabio, and Speaker of the House of Representatives, Tajudeen Abbas to “promptly

reduce the National Assembly budget of N344.85 billion, to reflect the current economic realities in the country, and cut the cost of governance.” This was contained in SERAP's letter to the leadership of National Assembly dated January 13,

2024. The letter was signed by its Deputy Director, Kolawole Oluwadare. SERAP in the letter urged the National Assembly officers to request President Bola Tinubu to present a fresh supplementary appropriation bill, which reflects

the reduced National Assembly budget for the approval of the National Assembly. SERAP also urged them to promptly publish details of the National Assembly budget of N344.85 billion, including the proposed spending details

All Who Offended Me are Forgiven, Forgive Me Too, Says Uzodimma Tony Icheku in Owerri Ahead his inauguration for a second term, today, January 15, Governor Hope Uzodimma of Imo State yesterday appealed to all Imo citizens to join hands with him in working together in an atmosphere of peace for the progress of the state, even as he apologized to persons he may have wittingly or unwittingly offended in the course of his duty as governor Governor Uzodimma, speaking at the Maria Assumpta Cathedral, Owerri, during a combined preinauguration cum Armed Forces Remembrance Day Thanksgiving Service also urged those he may have offended in the course of discharging his official duties to find a place in their hearts to forgive him as well. His words: "In renewing this covenant, I also acknowledge my imperfections as a mere mortal. In the course of doing this job as a Governor, I may have, wittingly or unwittingly offended some people. I want to take advantage of my presence here at the altar of God to apologise to these persons and ask to be forgiven. In the same spirit, I have wholeheartedly forgiven those who may have offended me. I crave peace for our state. In that wise, let us work together in the atmosphere of peace for the progress of our State." The governor affirmed that he is using the opportunity to renew his covenant with God and the people of Imo State concerning his governorship and resolve to serve only God and humanity. Uzodimma noted that he is aware that only God gives power and having entrusted same in his care, first in 2020 and now following his reelection, the last thing he would do is to misuse it, declaring : "I know for a fact that I would never have been the Governor of Imo State without

the approval of God. He made it clear that He bestows power on those He wishes. “I also know my covenant with Him, which is to serve faithfully and honestly. I am here today to renew that covenant with God and the people of Imo State. I am also here to express my gratitude to God for the privilege of making me a Governor for the second time." The Governor canvassed peace and invited all Imo people to embrace peace and unity so that the state can experience the development of everybody's dream. On the Armed Forces Remembrance Day, Governor Uzodimma said it was not a coincidence that his inauguration thanksgiving and swearing in ceremony on January 15 are taking place the same time, reminding the congregation of the need to pursue peace in our country. He sought for prayers, always, for the souls of the departed soldiers who died defending the country and at the same, appealed to the public not to forget to take care of the families the dead soldiers left behind. He promised that his government will continue to fulfill her obligations towards the wellbeing of the families of the unknown soldiers as well as those still in service. The governor assured that his message of Shared Prosperity, Renewed Hope, Rebuild Imo, Cure for Poverty, Development of Imo State as an organized society where peace, progress and tranquility shall continue to resonate. Earlier in his homily, His Grace, Most Rev Lucius Iwejuru Ugorji, the Metropolitan See of Owerri Archdiocese of the Catholic Church, reminded politicians of the need to use their positions to serve God and humanity. The Archbishop applauded the Armed Forces on their efforts to

keep Nigeria one and the efforts of the nation to remember the fallen heroes and heroines, not forgetting their families. "The Veterans (Legion) deserve our attention; they need not only our sympathy but equally our assistance by donating generously to the Nigerian Legion Trust Fund." He urged Nigerians to refrain from lives of selfishness that shield them from patriotism just as he called for holiness anchored on chastity, honesty, purity and obedience. He appealed for peace to reign in all aspects of the society, calling on those behind the terror, kidnapping and killings to sheath their swords. The Archbishop also took a swipe at those behind “media war’’ in Imo State that tends

to heat up the polity, create hatred and division and cause more problems for the society and urged those behind such to refrain forthwith. His words: "Media war has cost a lot of devastation to the State and Nigeria in general," he said and called on those using the media as a weapon of attack to “stop the crusade of calumny.” The Archbishop also harped on the need for those in positions of authority to shun corruption which he said, has become endemic in all sectors of the society. Top government dignitaries, including the Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, serving and former senators, and heads of the Armed Forces in Imo State joined the governor and his wife at the Thanksgiving Service.

of the N3 billion for the Senate Car Park and N3 billion budgeted for the House of Representatives Car Park. The organisation said: “Passing appropriation bills that are inconsistent with the provisions of the Nigerian Constitution is a fundamental breach of the constitutional oath of office by the lawmakers. “The arbitrary increase by the lawmakers of their own budgetary allocation if not cut would have significant fiscal consequences and exacerbate the country’s debt crisis. “The unilateral and self-serving increase by the lawmakers of their own allocation also offends the principles of separation of powers and checks and balances and the notion of the rule of law. “The increase in the National Assembly budget has raised serious questions in the minds of the Nigerian people about how the lawmakers are spending their commonwealth.” It noted that the National Assembly ought to be more responsible to the public interest and more responsive to it. The National Assembly, it said, has a constitutional responsibility to combat waste and abuse in its

own spending if it is to effectively exercise its oversight functions and hold the government to account. “Transparency and accountability in public administration is an essential element of democracy. Transparency in the spending of the National Assembly budget would give the public a tool to hold the lawmakers accountable. It would also protect Nigerians from any potential abuses of governmental or legislative power that may exist. “Nigerians have a right to scrutinise how their lawmakers spend their tax money and the commonwealth, especially given the precarious economic realities in the country and the impact of the removal of fuel subsidy on vulnerable Nigerians. “Cutting the N344.48 billion National Assembly budget would be entirely consistent with your constitutional oath of office, and the letter and spirit of the Nigerian Constitution. “Cutting your budget would promote efficient, honest, and legal spending of public money. It would serve the public interest and restore public confidence in the National Assembly,” it added.

119 Tons of Stolen Crude Siphoned Before Our Arrest, Captain of MT Kali Confesses Sylvester Idowu in Warri Captain of MT Kali, the vessel arrested last Thursday by operatives of Tantita Security Services Limited (TSSL) and Nigerian Security and Civil Defence Corps (NSCDC) in Bayelsa State, David Adeboye, has confirmed that the vessel had already siphoned 119 tons of stolen crude oil at the point of arrest. Adeboye gave the confirmation yesterday, during a parade of the arrested vessel, crew members and some local accomplices that were apprehended in Bayelsa State, at Oporoza in Warri South West local government area of Delta State. He said he was instructed to test-run the vessel which had been anchored for over a year and carried out some maintenance

on it before the voyage to Bayelsa State. "When we set out from Lagos State, the boat had been in Lagos for more than a year. They were doing some maintenance on it. So when we came out, we were instructed to test-run the engine. So for like 10 miles and after 10 miles, we were satisfied that it could go as far as Bayelsa, then we should let them know", he said. After a successful test run, Adeboye said he and the crew were told to sail to Bayelsa State and return to Lagos State with diesel. According to him, on anchoring the vessel in Bayelsa State, the local agent he spoke to said it was diesel that was the original plan in his statement but didn't know when crude was delivered into the vessel.

"So at which point did it now turn to crude, that is what I am still battling with up till now. Currently, we have 119 tonnes of crude oil on board the vessel. The agent brought his boys and at the end of the day filled the vessel with crude", he said. Director of Operations of TSSL, Captain Warredi Enusuo said the vessel, crew and some local accomplices were caught last Thursday stealing crude oil from one of the several platforms in Pennington Oil Field in Bayelsa State. He stated that both human and technical intelligence were deployed to track the vessel, over time, before her eventual impoundment. He also confirmed that the vessel had been involved in illegal oil thefts in the past.

The director of operations disclosed that those campaigning against involvement of private security companies were into illegal bunkering whose illegal activities were disrupted by their engagement and operations. "We want to seize this opportunity to let Nigerians know that those who campaign against the private security companies in participating in this fight are bunkerers. "They can continue but we will not relent, we will not relent in our efforts towards fighting this. We will continue to be resilient and we will definitely assist the country in resolving this. “We will assist also the Nigerian security forces, which are happy to participate in securing our assets to do this job," he said.

MONDAY JANUARY 15, 2024 • T H I S D AY

T H I S D AY • MONDAY, JANUARY 15, 2024

BACKPAGE CONTINUATION SCANDAL AS PALM OIL OF POLITICS groups and no social media, hardly a week passed without the newspapers exposing one scandalous behaviour or another by government officials. One very prominent one, pushed especially hard by Daily Times in 1973, was the case of writer Minire Amakiri, when ADC to the Military Governor of Rivers State ASP Michael Iwowari detained him and had his head shaved with a broken bottle because he published a story that annoyed the Military Governor on his birthday. Ok, there was no money involved there, only normal military men’s excess. But the Gowon regime was rocked by two affidavits in 1974 [as school children we had to rush to the Oxford dictionary to find the meaning of affidavit]. Godwin Daboh filed one against his kinsman and then Federal Commissioner [i.e. Minister] for Communications Joseph Tarka, alleging corruption. That ministry was very visible in those days because it controlled the old P&T [Post and Telegraph], which owned the Post Office and all the telephones. Soon afterwards, fellow Tivman Aper Aku filed another affidavit against then Military Governor of Benue Plateau State, Police Commissioner Joseph Gomwalk. Much like Tunji-Ojo, Gowon did not act on that one, publicly at least. Soon after Second World Black and African Festival of Arts and Culture [FESTAC] ended in January 1977, the Supreme Military Council led by General Olusegun Obasanjo retired some military officers who were involved in organizing it. Newspapers said there were scandals in the procurement of Scania buses and other items. As a young student at the time, I thought FESTAC was too juicy to escape scandal because New Nigerian newspaper reported at the time that ships arrived at Lagos ports with soft drinks worth N30 million for the dancers and artistes to drink. In those days a bottle of Coke cost 10 kobo,

so imagine how many bottles we were talking about. Not only the Federal Government, but state governments run by military governors were also full of scandals. Almost all the time there were tribunals of inquiry probing one scandal or another. Even local governments were not left out. Chanchaga Local Government of Niger State, which at the time was less than two years old [Local Governments were created in 1976 to replace the old Native Authorities] was embroiled in scandal and everyday the newspapers reported sensational testimonies at the probe panel. The Second Republic years [1979-83] were replete with official scandals. Some of the most prominent ones were political and had nothing to do with money, such as the deportation to Chad of the GNPP Majority Leader of Borno State House of Assembly, Shugaba Abdurrahman Darman, which was ordered by President Shagari’s Internal Affairs Minister Bello Maitama Yusuf, recently deceased. The uproar that followed made Shagari to do a national broadcast, saying he ordered a judicial commission to determine whether indeed Darman was a Chadian. Newspapers again attacked the presidential response and, if I remember right, a court order stopped the one-man tribunal from sitting. Some of the most widely publicized scandals were not probed in the Second Republic, such as the allegation that the Commerce Ministry was dishing out Form M [import permits] at rallies of the ruling National Party of Nigeria [NPN], and the allegation that the massive importation of Thai parboiled rice by a presidential task force was reeking of scandal. In this Republic too, since 1999, presidents have responded to scandalous behaviour by their appointed officials in different ways. The preferred option is to play the ostrich and ignore it until it blows over. Luckily for top officials, Nigerians generally and the

mass media in particular have a short attention span and after a short time, they forget about a scandalous issue and move on to another scandal, which is sure to come as night follows day. Some presidents are more impatient than others. In 2005 when the then Minister of Education Prof Fabian Osuji was said to have illegally withdrawn N55 million from his ministry’s coffers and offered it in bags to National Assembly members, including the then Senate President, in order to get his ministry’s budget passed, President Obasanjo took to the airwaves and did a live broadcast. He sacked the minister and engineered the Senate President’s fall. Obasanjo, too, swept some scandals under the carpet, such as the occasion in 2002 when N3 million cash [a huge amount at the time] was hoisted onto House of Representatives Speaker Ghali Na’Abba’s table during plenary, said to be bribe offered by a government official. There was no probe, as far as the public knew, and the culprit was never named. The reticent President Umaru Yar’adua, too, acted quickly and firmly in 2008 when his Health Minister, her Minister of State and ten senior civil servants were said to have connived and shared out N300 million of the ministry’s funds, because the year was coming to an end and they did not want it returned to the treasury. Yar’adua sacked all of them and ordered their prosecution. Some top aides have been sacked when they got embroiled in scandal despite their closeness to presidents. President Goodluck Jonathan had to sack his Aviation Minister Stella Oduah after it was revealed that she got an agency under her ministry to procure two bullet-proof cars for her use. Another memorable case was Abdurrashid Maina, head of the Presidential Pensions Task Force under President Jonathan. In the days before Humanitarian

Affairs and Social Investment Programs came along, pensioners were the moral equivalent of Betta Edu’s vulnerable persons. Yet, Maina turned the scheme into a total wreck, and Jonathan had to sack him after he fled the country. A second Maina scandal followed when he was surreptitiously smuggled back into the civil service under President Buhari. This led to a public shouting match between the Chief of Staff to the President and the Head of Service of the Federation just before the start of a Federal Executive Council meeting, with Vice President Yemi Osinbajo playing the referee. Buhari had to sack Maina again and I think he is now in jail. Probably more painfully for Buhari, he had to sack his close pal, Secretary to the Government of the Federation Babachir David Lawal, due to the “grasscutter scandal” when he awarded his firm a N200 million contract to remove “invasive weeds” from North East drainage channels. Presidents must therefore steel themselves and prepare a worst-case-scenario response system to scandals, which will come as sure as night follows day. For top executive officials, another side to scandals is that, as soon as you are embroiled in one, offer your resignation to the president. He may turn it down if he feels the situation is salvageable, but offer it all the same. In the presidential system, only the president is indispensable. Learn to act like the four Cuban burglars during the Watergate scandal, who kept their mouths shut on who sent them. Or like American national security council aide Lt Colonel Oliver North during the Iran/Contra scandal of 1987: insist that you acted on your own even when no one believes it. That way, Presidents will be grateful that you shielded them from scandal and they may find other ways to compensate you.

GREED, ETHICS, AND PUBLIC SERVICE IN NIGERIA many rules and regulations has yet to help matters. This unchecked greed by bureaucrats impedes developmental initiatives and perpetuates inequality and poverty. Joe Biden laments that "corruption is cancer: cancer that eats away at a citizen's faith in democracy diminishes the instinct for innovation and creativity; already-tight national budgets, crowding out important national investments." A situation where a director in civil service or MDAs owns billions of Naira worth of choice assets in major cities in Nigeria and abroad when his earnings, both from the service, his businesses, if any, or inheritance cannot cover the value of these assets demonstrates the malady of greed and corruption. A cursory look within our major cities will show a panoply of these circumstances, and most citizens know this. There is no accountability and no consequences for perpetrating such crass greed and corruption against Nigeria. To demonstrate the extent of the rot within our system, I will compare two examples of greed, corruption, and response to ethical issues in Nigeria and Australia. A certain Barry O'Farrell was New South Wales Premier in Australia. Under investigation, it was proven that he had received a gift of a bottle of wine from a businessman, which he did not disclose. The ethical standard of Australian society forced him to resign his exalted office. Compare this to Abdulrasheed Maina, who, at the time, oversaw pension funds, among other infractions, bought a property in Abuja and paid cash of $1.4m. Maina did not resign. It took a

tedious court process to convict him of obvious malfeasance for which ethical standards should have made him take an honourable exit. Without prejudice to the facts of the matter, in the past one or two weeks, we have been inundated with unpalatable stories of public officials who have completely jettisoned ethical and moral standards in public service. It is not just about the law and public service rules but the standard of decency acceptable in any sane society. We have the infamous cases of the alleged $6 billion electricity contract fraud, Minister Betta Edu, and the alleged diversion of funds into a private account, and Hajia Halima Shehu and the alleged N37b fraud. These are not isolated cases and represent the preponderance of allegations of fraud and misuse of public funds by public servants. At the sub-national level, things seem worse as the institutions and framework to check unethical behaviour and corruption are weak and, in most cases, non-existent. Here, accountability and transparency belong to the museum. This deserves serious focus. On the other hand, ethics are the moral principles that govern individuals' behaviour, emphasizing honesty, integrity, and accountability. In the context of public service, ethical conduct is crucial for maintaining public trust and ensuring that the interests of the citizens are prioritized over personal gains. Unfortunately, ethical lapses have been a challenge in Nigerian public service, contributing to a culture

of corruption and maladministration. When driven by ethical considerations, public servants are more likely to act in the public's best interest, but when ethics take a backseat to personal gain, the consequences are felt across society. The real issues are questions of integrity, ethical standards, and greed. Overcoming the challenges of greed and a lack of ethics in Nigerian public service requires a multi-faceted approach. Legislative reforms, institutional strengthening, reorientation and a commitment to fostering a culture of integrity are essential to this process. At the core of achieving this is proactive leadership, demonstrating a political will to tackle corruption and enthrone an ethical environment strengthened by enforcement of the rule of law, where all forms of maleficence are condemned, and the guilty are held accountable . Let us examine a few factors that are imperative to consider the issue of greed, corruption, and ethics in public service in Nigeria. First, self-interest among political appointees and politicians is more of a global convention. Politicians access power, allocate patronage to themselves and often corner the benefits in cash. Apportionment of pork is a feature of politics everywhere. It may be cash, favours, influence, and project siting. However, politicians' self-interest should be enlightened and not primitive, and money for politics comes by following the bureaucratic due process of contract procedures and procurement laws, and they must sensibly do this. But the self-interest of these politicians

feeds on the "compromise of the bureaucracy". If politicians and political appointees try to access resources while bypassing the bureaucracy, it becomes corrupt because it violates due process and extant rules. Second, the processes of the bureaucracy on matters of resource appropriation constitute the ethics of the public sector. The rules and procedures exist to protect the state, the officials, and resources. If they are violated, it becomes a free-for-all; people help themselves to whatever resources they can lay their hands on. In Nigeria, there is first a collapse of public service ethics and a lack of capacity to enforce the rules. There is also the self-interest of politicians and political appointees in a manner that needs to be more refined and enlightened. This is the foundation of greed, which feeds corruption. Third is the issue of consequence management, which must be taken seriously. Where unethical behaviour has no consequences, it becomes an incentive for others to follow suit. Charles Colton argues, "Corruption is like a ball of snow; once it sets rolling, it must increase." This is the weakest link in our fight against corruption. Thus far, we have explored the dynamics of greed, ethical considerations, and their impact on public service in Nigeria. This government must fight greed and corruption at all levels to achieve our shared aspirations of a developed Nigeria, a true giant of Africa. As Alice M Rivlin propounds, "If citizens lose faith in the integrity of public officials, democracy is at risk".

more strategic than Aso Rock, the office of the president to denigrate the military. He was soon followed by ‘militant’ turned businessman, Tompolo. Yet, open confrontations of these nature can only diminish respect for a military that is doing its best even when so overstretched and in the face of limited resources. Today, what the military needs in the conduct of its affairs is a whole of society support that will foster a sense of national cohesion and reinforce its morale and determination. The military relies on the support of the society to maintain its effectiveness in fulfilling its objectives. This support could translate into better funding, provision of equipment and improved community relations that could enhance and guarantee information gathering critical to mission success. The political class and Nigerians must take ownership of the military to bridge the existing gap. Any gain by the military must be considered a national gain, while its loss must also be a national loss. As observed, the increased utility of the military in managing internal crisis and conflicts has been overwhelming and this has a potential to bring the military into conflict with the larger society. Beyond its combat engagements in the Northeast, Northwest and North Central, the military is involved in internal security duties in about 32 of the 36 states in the country, a task which ordinarily should fall within the domain of the police. The current administration of President Bola Tinubu can help to lessen this burden on the military by instituting a viable reform in the security sector, the end state of which is to bequeath a well-staffed, structured and equipped police force capable of dealing with internal security challenges with emphasis on community and area policing rather than providing personal security for notable individuals as we have today. Some recent events have shown that the military itself has some work to do to keep its personnel especially the

lower ranks subservient to the dictate of a democratic environment where everybody is equal before the law. It must purge its lower ranks of the nuances that bring them in occasional confrontation and conflict especially with the civilian populace. Nothing infuriates members of the public about the military than seeing its personnel who are paid and sustained from taxpayers’ money, turning to visit violence on innocent civilians. It is a carryover of the archaic practice of the military era, which only helps to bring back terrible memories and fuels anger among the people. The military is known for discipline and obedience of orders. It must continue to educate and reorientate its lower ranks and file on the imperatives of subordination to civil authority and laws. Meanwhile, the military as part of its constitutional role of providing aid to civil authority is often called out to provide security during elections across the country. In the past, there have been accusations and counter accusations on the partisanship of the military during such election duties, a situation that has caused severe damage to the image and reputation of the institution. In a country of desperate politicians riddled with bad losers, the military would continue to take the knock over its role during elections. The military must maintain its respect by always remaining apolitical and professional. It must avoid the ugly incidents of the past as we had in Ekiti Elections 2014, Edo Elections in 2015 and Rivers Elections in 2019. Irrespective of the challenges that may arise, the military has done well for Nigeria. On a day such as this therefore, it is important that the people remember all those who paid the supreme sacrifice in the bid to keep our nation together.

IGNORING OUR GALLANT HEROES Force against the planned invasion, perhaps German would have been the official language in the UK today. Beyond the defence against external aggression, military support for democratic institutions rather than intervention in governance has been phenomenal in both the US and UK. Institution of state in these countries have been so well established that the military has remained subservient to democratic political control nearly all through their history. In appreciation of this, landmark military important victory dates are specially and widely celebrated nationally by all the people in those two countries. Conversely, military intervention in governance has been its albatross and has given it the notoriety it was known for hitherto. This has helped to diminish its respect and recognition by the people. Despite concerted efforts to mend its battered image through sustainable civil military relations since it withdrew back to the barracks in 1999, the Nigerian military is still only feared as an aggressor, but not sufficiently admired and respected. That perhaps accounts for some of the anomalies that we witness today. In Nigeria, 15 January every year is set aside as Armed Forces Remembrance Day and observed as a public holiday by the military. The date is significant as it marked the end of the 30 months Civil War on 15 January 1970. Close to three million people were lost due to that tragedy in battlefield deaths, diseases, and starvation. In a war characterised by such monumental loss of life, it is a shame that the 15 January date is marked as a Remembrance Day by only members of the Armed Forces and not as a national holiday. The implication of this is that the import of the Civil War and the colossal cost thereto could be lost to future generations who may not have any living relative to make any reference to in what has become a part of our national history. In the United States, the Memorial Day and Veterans

Day are two separate days set aside as public holidays. On these days, many businesses, government offices and schools are closed to observe and commemorate these important occasions. This is not so here in Nigeria. Apart from some flashes of ceremonial parades on television, not many Nigerians feel the impact of the day as one that shaped our destiny as a nation and ensured our continued existence. History also has it well documented, the roles played by the Nigerian military in the First and Second World Wars, as well as in the wars to safeguard democracy in Liberia and Sierra Leone, the Bakassi crisis and the ongoing efforts to defeat insurgency and banditry in some parts of the country. With the plethora of achievements, it is therefore surprising why the military is not well respected and admired by Nigerians just as the people do in the examples cited. Yet, it is an incontrovertible fact that the Armed Forces of Nigeria today has by every global standard remained a ‘force for good’. Since 1999, it has continued to serve the interest of the nation without overstepping its boundaries. It is carrying out its constitutional roles diligently, prioritises protection of Nigerian citizens, upholds human rights, engages in humanitarian efforts, contributes to peacekeeping and in doing all these, operates under the rule of law with accountability and transparency. These notwithstanding, some occasional knocks and outbursts against the military’s capacity to deal with threats that confront the nation suggests that not all the citizenries are pleased with their armed forces. From the occasional tirades by Borno State Governor Babagana Zulum which draws inspiration from the 2012 call by the Borno Elders Forum for the withdrawal of soldiers from Maiduguri to the grant of amnesty to bandits and terrorists, authorities in Nigeria have not shown sufficient appreciation for the efforts of the military. Only recently, Asari Dokubo, chose nowhere

•Olawumi, a retired Major General of the Nigerian Army and former NYSC Director General is a member of THISDAY editorial board.

MONDAY JANUARY 15, 2024˾ T H I S D AY

,NEWS

CHECKING NOISE POLLUTION…

L-R: Chairman, Nigerian Inter-Religious Council (NIREC), Lagos State Chapter, Dr. Abdulahi Shuaib, Member, NIREC, Dr. Ashiru Ajoke Shariyu; Special Adviser to Lagos State Governor on Religious Matters (Christian), Rev. Bukola Adeleke; General Manager, Lagos State Environmental Protection Agency (LASEPA), Dr. Babatunde Ajayi; Special Adviser on Religious Matters (Muslim), to Lagos State Governor, Mr Jebe Abdulahi, and Chairman, Christian Council of Nigeria, Lagos State Chapter, Archbishop Adekoya Olaﬁmihan, at the stakeholders’ meeting on minimising noises from worship places in Lagos… recently ETOP UKUTT

Police Nab Electrician over Attempted Murder of CLO Vice Chairman in A’Ibom Okon Bassey in Uyo

The operatives of Police Command in Akwa Ibom State have arrested an Uyo-based electrician, Ndifreke Philip Akpan, for alleged attempt on the life of the state Vice Chairman of the Civil Liberties Organisation (CLO), Eridiong Obong.

Akpan, a native of Iwok in Nsit Atai Local Government Council of the state, was alleged to have led three others to manhandle Obong, his landlord, because he queried the tampering and bypassing of the prepaid electricity meter installed in the flat the suspect rented. A petition to the state

Gombe Dissolves Board, Management of Bubayero MFB, Suspends MD/CEO Segun Awofadeji inGombe Gombe State Governor, Alhaji Muhammadu Yahaya, has approved the dissolution of the Board of Directors of Bubayero Micro Finance Bank and also suspended the managing director and chief executive officer from office. The Secretary to the State Government (SSG), Professor Ibrahim Abubakar Njodi, who conveyed the governor’s approval yesterday, said the decision followed the findings of a thorough forensic audit of the financial activities at Bubayero Micro Finance Bank,

and based on recommendations from appointed financial consultants as well as the audit report of the Central Bank of Nigeria (CBN). The MD/CEO is to hand over responsibilities to the most senior bank official, while all suspended board members and management are instructed to promptly hand over all official assets in their possession. An interim management headed by the executive director, Financial Control and Operations has been established, and is to report to the permanent secretary, Ministry of Finance and Economic Development for further directives.

Commissioner of Police by the CLO Vice Chairman titled: ‘Petition of attempted murder, malicious damage and threatening

The Kebbi State Governor, Nasir Idris, has said he will incorporate ex-servicemen into the security architecture of the state towards ensuring lasting peace in the state. The governor made this known at the launch and sales of the remembrance emblem to mark the commencement of this year’s Armed Forces Remembrance Day Celebration in Birnin Kebbi last Friday. He said: “The state government will continue to involve exservicemen in the security

architecture of the state, including membership of the state security committee. “Let me use this medium to emphasise that the Special Adviser on Security to the Government is a retired military officer.” In a statement issued by his Chief Press Secretary, Ahmed Idris, said the governor, represented by the Deputy Governor, Umar Abubakar-Tafida, acknowledged that it was apt to show respect to the fallen heroes and remember those gallant officers of the Armed Forces who sacrificed their lives to keep Nigeria and the world at peace.

Delta to Partner NDLEA on Illicit Drugs Campaign Omon-Julius Onabu inAsaba Delta State Government has expressed readiness to collaborate with the National Drug Law Enforcement Agency (NDLEA) to check the worrisome escalation in the use of psychoactive substances and illegal drugs especially among youths in Nigeria. The illicit use of these psychoactive substances, which can lead to physical, social or emotional harm, has serious economic, social and security implications for any given

country. Chief Executive Officer of Delta State Orientation Bureau (DSOB), and Executive Assistant on Communications to the Governor, Dr Wilfred Oghenesivbe, disclosed the possibility of partnering with the country’s drug law agency while speaking at a public affairs programme in Asaba yesterday. He harped on the need to curb the unlawful drug menace in the state through multifaceted campaigns and rehabilitation strategies that should be adopted by government.

inflicted serious injuries on him and his wife while attempting to stop them from packing their belongings out of his house due

to his(the suspect) refusal to pay for the damage in the flat he was occupying, which amounted to N147,000.

We Expect Credible, Free, Fair Governorship Primaries, Says Edo PDP Legacy Group

Adibe Emenyonu in Benin-city

The Legacy Coalition of Edo State Peoples Democratic Party (PDP) has said it is expecting the national leadership of the party to conduct a credible, free and fair governorship primary election for the 2024 governorship election.

The group also pointed out that with such environment, it believes that its preferred aspirant would emerge as the candidate of the party for the September 21 governorship election. The Legacy Coalition consists of members of the party who are loyal to the National Vice

Chairman of the party, Southsouth, Chief Dan Orbih, and those that defected with Governor Godwin Obaseki from the All Progressives Congress (APC) ‘but are no longer with him’. A leader of the group, Martins Osakue, in a chat with journalists yesterday also faulted the leader

of the party in Edo Central, Archbishop Anthony Okosun, for supporting and attempting to present an aspirant, Asue Ighodalo, as the consensus aspirant from the Edo Central, saying as a leader, he ought to play a neutral role rather than taking sides.

Conduct Integrity Performance Review on Cabinet Members, Tinubu Told A chieftain of the All Progressives Congress (APC) in Osun State Hon. Olatunbosun Oyintiloye, yesterday urged President Bola Tinubu to engage in integrity performance review of members of his cabinet in achieving the Renewed Hope Agenda of his administration.

Oyintiloye, a former member of the defunct APC Presidential Campaign Council (PCC), made the call while speaking with journalists in Osogbo. He said the integrity review would not only ensure that the Renewed Hope Agenda was not compromised, but also allow for

transparency and accountability by the cabinet members, head of ministries, departments and agencies of government. The president, during a retreat for his cabinet members, promised to engage in a quarterly review of performance of his cabinet members.

This, the president said would be done through the office of his Special Adviser on Policy Coordination, as head of the new Performance Bond, which contains key performance indicators ( KPI) to monitor and measure the performance of the ministers.

Obi Urges FG to Partner with Private Hospitals to Enhance Healthcare Delivery Gideon Arinze in Enugu

presidential candidate of the Kebbi to Incorporate Ex-Servicemen The Labour Party (LP) in the 2023 Peter Obi, has called into State’s Security Architecture election, on the federal government to Onuminya Innocent

violence’, “calls for holistic investigation.” He also alleged that the suspect alongside three others

collaborate with private hospitals to establish nursing schools that will nurture health workers for

enhanced healthcare delivery. This is even as he donated N75 million to the Daughters of Divine Love, owners of Annunciation Special Hospital, in Enugu State to help the hospital in building its proposed college of nursing sciences and tackle other critical areas of need.

While presenting the cheques to the management of the hospital, the former Anambra State governor said that the donation comprised N60 million ($50,000) which was donated by New York-based pediatrician, Philip Ozuah, and his own personal donation of

N15 million. Obi said that part of the challenges confronting the healthcare sector in Nigeria is the growing trend of the exodus of healthcare workers who seek greener pastures in other countries due to poor working conditions in Nigeria.

Oyebanji Strengthens Fire Fighting Service with Eight Vehicles Gbenga SodeindeinAdoEkiti Towards ensuring the fulfilment of the promise to reposition the state Fire Services for quick response to distressed calls and emergency situations, the Ekiti State Governor, Biodun Oyebanji, has strengthened the agency with eight firefighting

equipment. Giving the breakdown of the fleet while test running the vehicles in Ado Ekiti last Friday, the state Commissioner for Infrastructure and Public Utilities, Prof. Bolaji Aluko, said the new vehicles consist of refurbished six fire-fighting trucks and two water tankers to

be deployed to various offices for effective emergency responses. Aluko had in a meeting held with the state Fire Service personnel during the 2024 work-plan meeting of the ministry, said the parastatal has been making remarkable strides under Oyebanji administration by swiftly responding to the yearnings

of the citizens. He stated that Governor Oyebanji, during a visit to the Ado Fire Service headquarters, promised that the state Fire Services would be better equipped, describing the procurement as keeping to the pledge made during the assessment tour.

Gov Yusuf Sets up Kano Elders Council, Appoints Kwankwaso, Ganduje Others Ahmad Sorondinki in Kano

The Kano State Governor, Abba Kabir Yusuf, has appointed Senator Rabiu Musa Kwankwaso, two former Governors of the state, Dr. Abdullahi Umar Ganduje, and Mallam Ibrahim Shekarau; and all former deputy governors to

serve as members of the Kano Elders Council (KEC). This was contained in a statement issued by the governor’s spokesperson, Sunusi Bature Dawakin Tofa, yesterday in Kano. He said Kano State had been blessed by Allah with numerous elders and former leaders, who

had achieved the pinnacle of their careers and continued to be active and healthy. According to him, “The Council of Elders comprises former Governors, Deputy Governors, Senate Presidents, Speakers of the House of Representatives, Speakers of the State House of

Assembly, and Deputy Speakers. “Others are retired Supreme Court Justices, retired Appeal Court Justices, former Chief Justices of the state, former Secretaries to the State Government, and former Heads of State Civil Service, who are all indigenes of the State.”

Abians in Diaspora Celebrate Otti’s Supreme Court Victory Emmanuel Ugwu-Nwogo in Umuahia Abia State people in Diaspora have joined in celebrating the victory of the state Governor, Mr. Alex Otti, at the Supreme Court, saying they are happy that he eventually won the last battle to remain in

government house. Otti was among the seven governors whose mandates were on Friday affirmed by the apex court thereby giving them peace of mind to face governance without watching their backs. In a statement issued from his base in the United States, and

made available to THISDAY, a renowned renewable energy expert, Bob Ibeneme, said Otti’s victory was good for the interest of Abia State. According to him, the former bank chief was already “translating his vision for a new Abia State into reality,” hence winning the last

legal battle meant that he would continue and complete the good works he is doing in the state. Ibeneme, who is a veteran of the US Air force and member of the Abia State Advisory Council, said since Otti came to power, he has “shown exemplary and top-notch leadership in Abia State.

MONDAY JANUARY 15, 2024 ˾ T H I S D AY

NEWS XTRA

EMPOWERING THE WIDOWS…

L-R: Community Leader, Makoko Yaba Side, Chief Victor Kpanke; Pastor, Greater Height Baptist Church, Isheri, Rev. Olakunle Sunday; Founder, January Twenty-Seven International Foundation, Mrs. Doyinsola Femi-Olaiya, and Executive Coordinator, Ajoke Ayisat Foundation, Mrs. Foluke Ademokun, at the January Twenty-Seven International Foundation’s Widows’ Empowerment Programme in Lagos... recently ETOP UKUTT

Group Demands Suspension, Investigation of Tunji-Ojo Fidelis David in Akure A group, South West Integrity Group yesterday called on President Bola Tinubu to suspend the Minister of Interior Bunmi Tunji-Ojo over his alleged involvement in the recent controversy in the award of contracts at the Ministry of

Humanitarian Affairs and Poverty Alleviation. The group in a statement signed by the President, Ogunleye Adebowale and Secretary, Adeleye Adetutu and made available to journalists in Akure the Ondo State capital, alleged that minister’s actions are direct violation of the Constitution of

the Federal Republic of Nigeria. “As anti-corruption body, we have decided to join you in the very important crusade to expose and rid our nation of

The Rivers State Police Command

All Progressives Congress (APC) chieftains, Commanding Officers in Lagos State, members of the Armed Forces, members of the Nigerian Legion, religious leaders, families of the fallen heroes, Christian faithful among others. Sanwo-Olu, who was represented by his Deputy Chief of Staff, Mr. Gboyega Soyannwo, at the event organised by the state government, said the occasion presented the opportunity to remember the fallen heroes as they paid the supreme prize by sacrificing their lives for the territorial integrity of Nigeria.

“It is against this premise that we have been forced to present this petition to you to intimate to you, reckless looting of our commonwealth by one of your

ministers, Hon Olubunmi TunjiOjo, the Honourable Minister of Interior. It is certain that Olubunmi Tunji-Ojo’s integrity has been compromised.

Police Kill Notorious Robbery Suspect in Rivers Blessing Ibunge inPortHarcourt

killed a suspected leader of an Sanwo-Olu Seeks Support for has armed robbery gang in the state. Armed Forces, Fallen Heroes Speaking on the development, Lagos State Governor, Mr. Babajide Council, Permanent Secretaries, the state Police Public Relations Sanwo-Olu, has appealed to Lagos residents to continuously pray, support and remember families of the Armed Forces as well as fallen heroes, who paid the supreme prize for the peace and security of the country. The governor made the appeal at the 2024 Armed Forces Remembrance Day Interdenominational Divine Service, with the theme: ‘Honouring Sacrifice’, held at the Chapel of Christ The Light, at the Secretariat, Alausa yesterday. The service was attended by members of the State Executive

the greedy corrupt political class who only plan how to loot our commonwealth and not to join you to actualise your renewed hope agenda.

Officer (PPRO), SP Grace IringeKoko, revealed that the suspect,

Silas Oderereke, was a leader of a gang terrorising the Oderereke community in Ahoada West Local Government Area of the state. Iringe-Koko disclosed that Oderereke and his gang members have been on the run for the past four years, after allegedly committing some nefarious acts

in the area which they were subsequently declared wanted by the police. According to the police spokesperson, the reign of the suspect (Oderereke) came to an end after he and his gang members engaged the police in gun battle in a bid to vandalised property

of a prominent late monarch in the area. The spokesperson said during the interface with the police, Oderereke was fatally wounded, some of his gang members sustained injuries and were arrested, while two others escaped en route the forest in the area.

S/Court Verdict: Party Supporters, Mammoth Crowd Welcome Governor Mohammed to Bauchi Segun Awofadeji in Bauchi The Bauchi State the capital, Bauchi, was at the weekend thrown into a celebration mood as unprecedented crowd of supporters of the state Governor, Bala Mohammed, and other residents rejoiced over his victory

at the Supreme Court. THISDAY observed that the ecstatic residents of the state thronged to the Abubakar Tafawa Balewa International Airport to receive Governor Mohammed following his affirmation at the Supreme Court as the duly elected governor of Bauchi State.

It was also learnt that in the streets of the state capital, right from the airport to the Government House, thousands of supporters of the governor, including some non -members of the Peoples Democratic Party (PDP) celebrated the verdict with singing and dancing on major

roads of the Bauchi metropolis. At the airport, Governor Mohammed was warmly received by the PDP stakeholders, government officials in the state led by the Deputy Governor, Hon Auwal Jatau, as well as other well-wishers of the governor.

Unilorin Don Advocates Comprehensive Agric Policy to Maintain Low Inflation, Stabilise Economy Hammed ShittuinIlorin

so as to maintain low inflation

surplus and ensure its distribution

systems that promote transparency,

Kwara State, Opeyemi Ayinde, at the weekend canvassed for comprehensive policy on agricultural surplus management

government, private institutions, and farmers’ associations to encourage farmers to absorb excess agricultural output during times of

‘The risk of not taking risk in agricultural innovation and gender inclusivity’, the don emphasizsed the importance of governance

According to her, “There is an urgent need to prioritise agricultural risk management and gender inclusivity in Nigeria.

and stabilise the country’s to the appropriate sectors, thereby accountability, and resilience in Edo 2024: Ikhine Promises to A professor of Agricultural rates economy. curbing inflation. the agriculture sector, creating a Ayinde also called for Delivering the 251st inaugural conducive environment for risk and Farm Management Establish Food Processing Plant Economics among the lecture of the university, titled: awareness and management. in the University of Ilorin, collaboration Adibe Emenyonu in Benincity

On of the aspirants in the forthcoming Edo State gubernatorial election on the platform of the All Progressives Congress (APC), Gideon Ikhine, has promised to establish a food processing plant in the state if elected the state governor. He also said if nominated and elected, the Ojirami dam and the Agbede rice farm cluster would be resuscitated to boost power supply and food production in the state.

According to him, the food processing plant will be sited in Owan West and Owan East Local Government Areas of the state for purposes of value addition on their farm produce and for export as a way of growing the local economy. Ikhine disclosed this at the weekend when he visited Owan East, Owan West and Akoko-Edo council areas of the state in continuation of his campaign tour to canvass for nomination ahead of the APC governorship primary election in February.

Kaduna CP Embarks on Confidence-building Visit along Kaduna-Abuja Expressway The Commissioner of Police (CP), Kaduna State Command, Mr Audu Ali has charged personnel deployed on KadunaAbuja expressway to imbibe professionalism in the discharge of their duties. This is contained in a statement issued yesterday in Kaduna

by the command’s Police Public Relations Officer, ASP Mansir Hassan. Hassan quoted Ali as saying that the charge was sequel to an earlier directive of the InspectorGeneral of Police, (I-G), Kayode Egbetokun, over the state of security along the Kaduna – Abuja

expressway. According to the News Agency of Nigeria (NAN), Hassan said the CP had embarked on a confidence building as well as security assessment tour of the highway. According to Hassan, during the tour, the CP,accompanied by

other senior Police officers of the command, traversed the ever busy expressway. “Having stopovers at security operatives’ duty posts with special interests given to all flash points including, but not limited to Kurmin Kare, Gidan Busa and Akilbu prone crisis areas,” he said.

Makers Move to Resolve Coronation Impasse in Abia Community JNI Commends FG for Appointing Competent King kingmakers of the kingdom, have Orji as the Eze Aro-designate. He also absolved the state Emmanuel Ugwu-Nwogo in taken steps to resolve the issue. The President-General of Governor, Alex Otti, of having People as NAHCON Board Members Umuahia The kingmakers stated their Okennachi kindred, Mazi a hand in the impasse created by

John ShiklaminKaduna

The Jama’atu Nasril Islam (JNI), headed by the Sultan of Sokoto, Alhaji Sa’ad Abubakar III, has commended the federal government for appointing competent people as members of the board of the National Hajj Commission of Nigeria (NAHCON). In a statement issued yesterday in Kaduna, the Secretary-General of JNI, Prof. Khalid Aliyu, commended the foresight of the government in “selecting individuals with both academic prowess and a strong moral compass.”

The JNI urged the new board members of NAHCON to bring their wealth of experience to navigate the complexities of probity in the commission’s operations. The statement called on members of the board to commit themselves to collective decision-making, prayers, and above all, a deep sense of accountability to God. The statement said: “In the noble pursuit of facilitating Hajj and Umrah travels for Nigerian Muslims, the recent board appointments by the Federal Government of Nigeria for NAHCON are both strategic and commendable.

With the lingering impasse over the coronation of a new king for the Arochukwu Kingdom in Abia State, elders of Okennachi kindred, the traditional

position at the weekend at a press conference at Amuvi Arochukwu, saying they stood by the outcome of the selection process which had produced Prince Eberechukwu

Udo Chijioke, who addressed journalists on behalf of the kindred, insisted that the Eze Arodesignate, Prince Orji, emerged through a transparent process.

the tussle for the Aro kingship crown and the botched coronation ceremony which had raised tension in Arochukwu kingdom to boiling point.

Group Describes Lawal’s Supreme Court Affirmation, as Victory for Zamfara Masses Adedayo Akinwale in Abuja A group, Hope Arewa Development Initiative (HADI), has described last Friday’s judgment by the Supreme Court affirming Zamfara State Governor, Dr. Dauda Lawal, as the duly elected state governor

as victory for the poor masses of the state. Its National Coordinator, Adamu Mohammed, in a statement issued yesterday said the victory was indeed for the people of the state, “who have for long been strangulated by politicians who did not have the

interest of the people at heart.” He maintained the Supreme Court verdict had really saved the state considering the aweinspiring developmental success recorded within Lawal’s seven months in office. Mohammed noted: “This is a divine intervention, and we

salute the Supreme Court Justices for proving that they are the last hope of the common man. “HADI appreciates the fact that power is from God, but condemns in totality the clandestine moves by some political elites in the state to truncate what God has destined to happen.

T H I S D AY ˾ , ͹ͽ˜ ͺ͸ͺͼ

MONDAYSPORTS

Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com

0811 181 3083 SMS ONLY

AFCON 2023: Wasteful Super Eagles Hold Equatorial Guinea Peseiro insists Eagles were unlucky to rescue just a point against Nzalang Nationale

Duro Ikhazuagbe

teammates kick off their campaign in AFCON 2023, they were largely disappointed with Eagles tepid display. The Napoli frontman was the worst culprit of the day, missing begging chances that would have killed off the game in favour of Nigeria in the first 20 minutes. He missed an Alex Iwobi cross from the flank and similarly blasted wide when he had another opportunity in a one-on-one situation with Nzalang Nationale’s goalkeeper, Jesus Owono. Owono is the topmost star in the Equatorial Guinea team, plying his trade with Spanish LaLiga side, Deportivo Alaves,though he’s yet to taste action this season. Several other wasted opportunities by Ola Aina, Alhassan Yusuf and Moses Simon ensured that Eagles are in disadvantage position going into Thursday's clash with hosts Cote d’Ivoire. The Elephants defeated Guinea Bissau 2-0 on Match-day 1 to lead Group A comfortably on three points

Nigeria's Super Eagles began their 2023 Africa Cup of Nations in Côte d’Ivoire on a shaky start, pulling a 1-1 draw with Equatorial Guinea team dominated by mostly players from the third and fourth tiers of leagues in Europe. Equatorial Guinea's Nzalang Nationale races into the lead through Iban Edu Salvador in the 36th minute. He cashed on a mixed up between Alex Iwobi and Frank Onyeka to put his team ahead. Eagles however restored parity two minutes later through through the efforts of Ademola Lookman. However it was Victor Osimhen that finished the beautiful work for the game to tie 1-1 going into first half break. On a day that Nigerians living in Abidjan and others that came from far and near trooped out in their thousands to the brand new Stade Olympic Alassane Ouattara to see Africa's best player of the moment Osimhen and his fellow

while both Nigeria and Equatorial Guinea have a point each. Guinea

Bissau are yet to earn a point. Expectedly, Equatorial Guinea,

who are 46 places below Nigeria in the world rankings, celebrated

GROUP A Côte d’Ivoire E’ Guinea Nigeria G’ Bissau

P 1 1 1 1

W 1 0 0 0

D 0 1 1 0

L 0 0 0 1

GF 2 1 1 0

GA 0 1 1 2

GD 2 0 0 -2

ecstatically after the game as if they picked all three points. Owono was adjudged the Man of the Match of the clash for the many saves he made against Super Eagles. His Nigerian opposite, Samuel Nwabili appears to have solved the goalkeeping crisis in the Eagles with his commanding presence and directions to his backline. Speaking in a post match interview, Super Eagles Head Coach, Jose Peseiro admitted his wards deserved to win the game rather than the one point rescued from the game. “We hoped to win this match and we did everything to win. Our team was better than that of Equatorial Guinea but we lacked luck,” he said. "I am not happy. I deserved to win, this draw doesn't suit us. Our team created a lot of chances but we didn't score. We hope that next time, even with fewer opportunities, we will score. We simply have to improve our finishing,” he said.

AFCON RESULTS

Pts 3 1 1 0

Nigeria 1-1 E’Guinea Egypt 2- 2 Mozambique Ghana 1-2 Cape Verde

Today Victor Osimhen (centre) scorer of Nigeria’s goal in the 1-1 draw with Equatorial Guinea at the ongoing AFCON 2023 in Abidjan, Côte d’Ivoire celebrating his feat with Ademola Lookman (left) and Alhassan Yusuf...yesterday

Senegal v Gambia Cameroon v Guinea Algeria v Angola

Salah's Late Equaliser Rescues Point for Egypt Razzl CEO Describes AFCON 2023 Opening Ceremony as World-class against Mozambique Mohamed Salah scored a 97thminute penalty to spare the blushes of Egypt as they rescued a 2-2 draw against Mozambique and denied their opponents a first ever Africa Cup of Nations win in a Group B clash at the Felix Houphouet Boigny Stadium yesterday evening. Salah's spot-kick went in off the post after Mozambique defender Domingos Macandza committed a foul in the box. The penalty was awarded following a Video Assistant Referee check. Egypt made a fast start in Abidjan thanks to a goal inside two minutes from Mostafa Mohamed,

but Mozambique made them pay for spurned opportunities by scoring twice in three second-half minutes through Witi and substitute Clesio Bauque. But they were denied a first victory at the Cup of Nations in their 13th game as Salah kept his nerve. "It's heartbreaking to not win like that but it will only make us stronger. We are not thinking small, we are thinking big," Mozambique midfielder Guima said. Egypt now look ahead to a second pool fixture against Ghana on Thursday, while Mozambique meet Cape Verde on Friday.

Falconets Edge Burundi in Tanzania to Get Close to U20 World Cup Nigeria’s U20 girls, Falconets, brought joy to the nation’s teeming football lovers with a 1-0 defeat of Burundi in the first leg of their FIFA U20 Women’s World Cup final qualifying round fixture in Dar es Salaam yesterday. Janet Akekoromowei scored from the penalty spot in added time in the first half to give the 2022 World Cup quarter-finalists victory, and

the Burundians played with only 10 women after that following red card to defender Ariella Umuarerwa. Both teams will clash again at the MKO Abiola National Stadium, Abuja on Saturday, in the final leg of the qualification series, with the winner on aggregate qualifying as one of Africa’s four representatives at this year’s FIFA U20 Women’s World Cup finals in Colombia.

Mr. Austin Ufomba, the Chief Executive Officer of Ultimum Limited, the company producing Razzl, the exclusive Official Soft Drink of the 2023 Africa Cup of Nations (AFCON), has described Côte d’Ivoire’s opening ceremony of the ongoing tournament as world-class. Ufomba was amongst the 60,000 full capacity football fans, partners and sponsors that witnessed the spectacular opening ceremony of the 2023 AFCON inside the brand new Stade Olympique Alassane Ouattara in Ebimpe, Abidjan on Saturday. “I was amongst those who witnessed the opening ceremony last Saturday and in my own opinion, this stadium and the event itself was world-class. And like the Confederation of Africa Football, CAF, President, Patrice Motsepe said, it is the best so far in the history of AFCON,” began the Razzl drinks CEO in Nigeria. He described the event in Abidjan as an opportunity to bring the whole of Africa together. “It is a great opportunity to bring the whole of Africa together. Anything that can bring Africa together to celebrate is a worthy cause. And AFCON has proved to be that platform to bring Africa together to celebrate as one.” Ufomba stressed that the Razzl advertisement “resonate with this

point of celebrating, about inspiring one Africa, about inspiring one continent and football. This is all that Razzl is all about.” He therefore stressed that it was this philosophy that inspires Razzl to partner CAF to celebrate African football. “We as soft drink gives all that go with celebration. It is our role to be an African brand, the big African soft drink. This is why also we undertake the role of partnering this big African platform to be the best in the continent. We are just six months in the market wether in Cameroon, Nigeria or Côte d’Ivoire. We have conquered

the key things whether it is Cola, Orange, Grenadine, Lemon or Pamplemousse, we have conquered the soda market.” On Super Eagles draw against Equatorial Guinea yesterday, Ufomba said it was nothing bad as football in Africa and elsewhere has evolve beyond just a few teams dominating the space. “This is a tournament of diverse things. I love the competitiveness of the game and the surprises. Let the best team win, not the biggest name. In my view this match between Nigeria and Equatorial Guinea that ended 1-1 was a great game. Although

as a Nigerian, it is natural that I want Super Eagles to win.” The Razzl CEO however insisted that success about preparation and the drive to succeed. If Super Eagles want to win this tournament, they need to go and do more work, more practice together and if they play as a team, they can win the next game and perhaps, qualify from Group A. It is still too early in the day to think otherwise. They still have six points to play for in the group. If you ask me if Super Eagles have what it takes to be amongst the Top 3 teams of this tournament,I will say absolutely, yes.”

Chief Executive Oﬃcer of Ultimum Limited, Mr. Austin Ufomba (centre) ﬂanked by Ultimum’s AFCON Lead, Bunmi Fadayomi and Peter Ejeh, Executive Assistant to Thebes CEO and dealers of Razzl brands who were sponsored by the brand to AFCON 2023 in Côte d’Ivoire...yesterday

Nigerian Breweries Brands Fuel Fans’ Frenzy as Eagles Begin Race with Draw Despite Super Eagles 1-1 draw against Equatorial Guinea the team’s dedicated sponsors Goldberg, Life Continental, and Zagg Energy Drink are not deterred and are urging Nigerians and consumers to stand with the team. For fans at designated Live Match Viewing Centres powered by Life Continental Beer, the

experience was one to remember. Even miles away from the action, CS Park Aba buzzed with excitement as fans cheered on the Eagles and enjoyed top-notch entertainment. The fans had the chance to win unique prizes like official Super Eagles jerseys and other branded goodies. As the Super Eagles chase their

fourth AFCON title, fans in Railway Centre, Port Harcourt, Stamford Hotel Onitsha, and New Berries Centre can look forward to similar electrifying experiences. Meanwhile, Goldberg's Naija Game Fantasy League offers another avenue for fans to engage with up to N2 million in prizes up for grabs.

"The Super Eagles have shown they mean business in Côte d’Ivoire. They had better opportunities to win but missed the chances," declared the Head of Marketing Communications, Nigerian Breweries Plc, Sandra Amachree, while praising the team's powerful performance. "This is not a bad start, and we're

confident they'll only get stronger as the tournament progresses." Beyond the pitch, Goldberg, Life Continental, and Zagg are creating a vibrant atmosphere of support. From televised match parties to online prediction contests, they're ensuring fans stay connected and invested in the Eagles' journey to glory. This comprehensive engage-

ment reflects their long-standing commitment to Nigerian football. With a potential group decider against Côte d’Ivoire looming, hopes for an early knockout stage qualification are soaring. The Super Eagles, fuelled by fan passion and sponsor support, are poised to soar even higher in this year's AFCON.

Monday, January 15, 2024

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MISSILE Military to Terrorists “Our aim is to ﬁnd and destroy the terrorists wherever they may be hiding to ensure their enduring defeat...we are hunting the terrorist commanders and their senior leadership. Indeed, from their topmost leadership to the lowest commanders are dead men walking and we will stop at nothing until they are dead or surrender. The armed forces have demonstrated commitment to winning this war" –Director, Defence Media Operations, DHQ, Maj.Gen. Edward Buba, vowing the military's determination to win the war against insurgency in the country.

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MAHMUDJEGA VIEW FROM THE GALLERY

Scandal as Palm Oil of Politics T o posthumously paraphrase Chinua Achebe, scandal is the palm oil with which political words are eaten. Some Nigerians were surprised that a scandal landed rather early on President Bola Tinubu’s desk. He has been in office only seven months when a minister of his, a female one, the youngest one, a beautiful one, a professional one, an energetic one and a favourite one as well, was suddenly embroiled in scandal. She was in the President’s office days earlier to push for the suspension of a top agency head in her ministry, National Coordinator of the National Social Investment Program Agency [NSIPA], who was said to have transferred tens of billions into other accounts. Papers soon surfaced that Minister Betta Edu was less than what US President Dwight Eisenhower described in 1952 as “to be clean as a hound’s tooth.” She herself had ordered N585million to be transferred

Edu

to the personal account of a civil servant, said to be the Project Accountant of the Vulnerable Persons’ poverty alleviation scheme. The transfer apparently went ahead even after the Accountant General of the Federation warned that it was improper. Other papers were soon leaked, that Edu approved payment for air tickets for a trip to Lokoja, a city that has no airport. Compassionate commentators later said there is one [unused] airport nearby at Ajaokuta, so the minister probably aimed to land there. The president quickly appeased restless opposition figures, media and civil society agitators by suspending the minister. Trouble is, newspapers quickly lurched on other leaked documents suggesting that Minister of Interior Olubunmi Tunji-Ojo’s private firm got a N487 million contract from Edu’s ministry. The minister’s defence that he resigned from running the firm four years earlier was quite shaky because he remained a shareholder and his wife still runs

the firm while his children serve as its directors. Although some newspapers said the minister “was summoned to the Villa,” he was not suspended, either because the evidence against him was not convincing to the Villa, or because it feared even more official documents could yet leak and create a domino effect on top officials. Look, will a time ever come in Nigeria when governance will proceed without one scandal or another? Right from my early school years in the 1970s when I used to sit on the doorsteps of our home and wait impatiently for my father to return from work with a sheaf of newspapers, I got the impression that scandal is the palm oil with which Nigerian political and governance words are eaten. Even during the military era when there were no parliaments, no opposition parties, no human rights Continued on page 44

DAKUKUPETERSIDE BENEATH THE SURFACE

Greed, Ethics, and Public Service in Nigeria

igeria, a country with a rich cultural heritage and abundant natural resources, has grappled with the complex interplay of greed, ethics, and public service throughout its history. The nexus between these elements has had profound implications for the nation's development, governance, and the well-being of its citizens. The interplay of greed, ethics, and public service in Nigeria is a complex and ongoing challenge that requires sustained efforts from the government and the citizens. Addressing these issues is essential for the nation's progress and fostering a society where public servants are dedicated to serving the common good rather than their personal interests.

Margaret Smith opines, "Public service must be more than doing a job efficiently and honestly. It must be a complete dedication to the people and to the nation." The greed of the political elite and civil servants has led to the deepening of low ethical and moral values in government and society. The arithmetic sum of this geometric rise of greed and the catastrophic decline of ethical values is an epidemic of corruption. I will demonstrate how far we have gone on this cancerous path and why the political leadership, bureaucracy and a docile cum compliant civil society are all responsible. Greed and excessive desire for wealth, power,

or material possessions have been pervasive in Nigerian society, not just in public service. This insatiable appetite for personal gain has prominently manifested in public service corruption. Fuelled by greed, corruption undermines the foundation of public institutions, erodes public trust, and hinders socio-economic progress. The multiple manifestations of greed and unethical conduct in Nigeria's public service are so common that they no longer make the news or attract public opprobrium unless they are humongous in nature. It is a cliché that a budding politician of average means will, in just a short time in office, buy the latest car , 'choice-houses' at home and abroad and live a life of luxury greater than his official

emoluments can cover. This is so normalized that people expect that of him, and if he fails to live up to this expectation, he is told off by his peers and family members. Civil servants are not exempted from this cankerworm that has destroyed the fabric of our society. Political appointees rely on civil servants to guide and advise them; however, evidence abounds that they are the first to compromise and bend the rules for personal gain. Almost all spectacular public sector scandals have the seal of civil servant's compromise or are perpetuated by one. The establishment of EFCC, ICPC and Continued on page 44

JOHNSONOLAWUMI Ignoring our Gallant Heroes O GUEST COLUMNIST

n Nigeria’s 50th Independence anniversary in October 2010, many observers of the military were astounded that President Goodluck Jonathan’s elaborate 45 minutes speech did not reference or acknowledge the role of the Armed Forces of Nigeria (AFN) in the country’s journey to that milestone. Neither did he pay any tribute to the souls of those who laid down their lives to keep Nigeria as a single entity or those who have helped in the past to project the country’s power and influence within the subregion, Africa, and the world. In a presidential speech that eulogised and paid glowing

tributes to Nigerian scientists, writers, Nollywood stars, lawyers, economists, doctors, diplomats and academics, failure to recognise the military marked a sour point. It is inconceivable that on such occasion, a United States President or British Prime Minister, or indeed any other leader within the continent would make such a momentous omission. Depending on their antecedents and place in history, the military in many countries remains a highly respected and revered institution. In the United States, for instance, history has taught the people of the gallant role played by the military in the defeat of the British invaders during the American Revolutionary War of 1775-1783

which led to the declaration of independence on 4 July 1776. And when the Confederates of 11 Southern states opted to leave the union between 1860-61 over some long-standing disagreement on the institution of slavery, history taught generations of Americans thereafter, the role the military played in preserving the US as a constitutional union. In the UK, respect for the military stems from the noble roles it has played in the past to keep the sovereignty of the attractive island that overlooks continental Europe across the English Channels. From the battles of Agincourt (1415), Trafalgar (1805), Waterloo (1815), Somme (1916), and Passchendaele (1917), the

British military’s monumental sacrifice in blood and sweat has ensured the great power status it enjoys today. For several years after, the Royal Air Force exploit that thwarted Hitler’s invading Army in the famous Battle of Britain (1940) remains one unique event that is celebrated annually in the UK. As a reminder, Hitler’s planned invasion of Britain, codenamed ‘Operation Sea Lion’ was aimed at establishing control over the UK for strategic and political reasons. Some British people still hold the view that but for the heroic feats of the Royal Air Continued on page 44

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