MONDAY 8TH FEBRUARY 2021 by THISDAY Newspapers Ltd

Buhari Seeks Overhaul of AU to Make it More Relevant Deji Elumoye in Abuja

President Muhammadu Buhari has called for a comprehensive overhaul of the African Union (AU) for it to be more functional in meeting set targets and relevance, warning that failure to do so will result in the organisation

becoming stale. Buhari, in a speech during the day two of the 34th Annual Summit of the African Union held virtually, told his colleagues that global realities demand that the AU must undergo comprehensive reform for it to remain relevant in intergovernmental processes.

The president, in a statement yesterday by his media assistant, Mallam Garba Shehu, rallied his colleagues to reposition the continental organisation. He said: "As your excellences are no doubt aware, global realities demand that the AU be overhauled

if it must remain relevant in intergovernmental processes. We must work concertedly to ensure a productive, selfsufficient and purpose-driven organisation that will fully serve the interests of the people. "As we commence the operationalisation of this new

structure and system, Nigeria demands a truly reformed, efficient, and effective AU Commission, one that is fully committed to the discharge of its duties and responsibilities.’’ Buhari commended President Paul Kagame of Rwanda for presenting a special report on the need

to reform the AU. He also appreciated the support of heads of state and government in the election of Ambassador Bankole Adeoye as Commissioner, Political Affairs, Peace and Security. The president noted with Continued on page 9

NNPC Earned $108.84m from Oil, Gas Exports in November... Page 8 Monday 8 February, 2021 Vol 26. No 9437. Price: N250

www.thisdaylive.com TR

UT H

& RE A S O

CBN Investigates Cryptocurrency Companies’ Bank Accounts for Fraud Insists restrictions to safeguard Nigerians, financial system Lists inherent risks To block accounts with suspicious transactions BDC operators, groups back Emefiele on transactions' ban Obinna Chima in Lagos and Udora Orizu in Abuja The Central Bank of Nigeria (CBN) has opened investigations into bank accounts of companies involved in the trading of cryptocurrencies with the intention of blocking those with suspicious transactions and fraud.

A top central bank official while giving THISDAY more insight into last week's decision mandating banks to close all accounts belonging to cryptocurrency traders, also pushed back criticism of the policy, saying the bank won't abandon its regulatory roles to critics. Continued on page 9

Stakeholders Raise Concerns over Distribution of Extra Polling Units INEC receives 5,000 requests from 25 states, FCT Chucks Okocha in Abuja How will the Independent National Electoral Commission (INEC) distribute the new polling units it is planning to create in its efforts to expand the existing 119, 973 polling units in the country? Will the distribution ensure equity between the nation’s

two major geopolitical zones of North and South? These are the questions agitating the minds of critical stakeholders as INEC rallied support for the fresh polling units' delineation. So far, the commission has received 5,000 requests for the Continued on page 9

AMBASSADORIAL VISIT... L-R: Gombe State Deputy Governor, Dr. Manasseh Jatau; Nigeria’s Ambassador to Malaysia, Dr. Hajara Salim; and Governor Muhammadu Yahaya during the ambassador’s visit to the governor in Gombe...recently

Bandits’ Terror Reign Persists as 19 Killed in Kaduna LGs...Page 5

MONDAY FEBRUARY 8, 2021 •T H I S D AY

MONDAY FEBRUARY 8, 2021 • T H I S D AY

MONDAY FEBRUARY 8, 2021 •T H I S D AY

MONDAY, ΀˜ ͺ͸ͺ͹ ˾ T H I S D AY

NEWS

Group News Editor Ejiofor Alike Email Ejiofor.Alike@thisdaylive.com, 08066066268

Bandits’ Terror Reign Persists as 19 Killed in Kaduna LGs

John Shiklam in Kaduna

The Kaduna State Government yesterday confirmed 19 people killed, with many others sustaining injuries following bandits’ attacks on communities in Birnin Gwari and Kajuru Local Government Areas of the state. But eyewitnesses put the death toll at 24. In a statement confirming the incident, the state Commissioner for Internal Security and Home Affairs, Mr. Samuel Aruwan, said 14 people were killed in the attack on Kutemeshi, while five others were killed in the attack on Kujeni village, Kajuru LGA. He also said the bandits looted shops and burnt houses. “On a sad note, the Kaduna State Government has received reports from security agencies of the killing of 19 citizens in Birnin Gwari and Kajuru Local Government Areas of Kaduna Central Senatorial District. “The citizens were killed by armed bandits at Kutemeshi village in Birnin Gwari and Kujeni village in Kajuru, where several others were left with bullet wounds. Both attacks occurred on Saturday,” Aruwan said. He listed those killed in the attack on Kutemeshi village to include: Malan Sani Barume, Yahaya Bello Amadu Dan Korau, Samaila Niga, Jamilu

Haruna, Lawal Majiya, Dan Malam Rabo, Dauda Kafinta, Hassan Mai Makani. Bashir Haruna Lawal Ali, Mu'azu Haruna Mai Unguwa Sa'adu and Harisu Bako. “Some shops were also looted with valuable items carted away. Some of the injured have been moved to a neighboring state closer to Kutemeshi for urgent medical attention, while others are in transit to an orthopaedic hospital in Kaduna”, the commissioner said. “So far, only the 14 corpses have been recovered from Kutemeshi,” he said, adding that the state government will provide updates on any emerging developments. “In Kujeni village of Kajuru LGA, the attackers burnt several houses, storehouses with foodstuff, warehouses loaded with building materials and a church. “The following citizens were killed: Bulus Jatau, Hanatu Emmanuel, Bitrus Tuna Yohanna Mika and Monday Ayuba, while those injured include Bulus Sambayi and Godwin Yakubu.” “Governor Nasir el-Rufai, who has been monitoring the security situation at the locations since Saturday morning, expressed sadness over the attacks. “The governor who condoled with families that lost their loved

ones, offered prayers for the repose of their souls and a speedy recovery for the injured. “He further directed the Kaduna State Emergency Management Agency to urgently provide relief materials to the affected communities,” he added. Aruwan stated that the government and security agencies are following up on yet another reported attack yesterday around Kikwari village of Kajuru LGA and will provide an update as soon as

there is feedback. However, one of the eyewitnesses told THISDAY that while a total of 19 people were said to have been killed in Kutemeshi village, in Birnin Gwari LGA, five others were killed in the attack on Kujeni village in Kajuru LGA. A resident of Kutemeshi, Mr. Abubakar Mohammed, told THISDAY in a telephone interview yesterday that the attack, which occurred on Saturday at about 6 pm, lasted for about two hours.

He said the bandits were many and rode on motorcycles, with three people on each motorcycle. “As soon as they arrived the village, they started shooting sporadically in all directions,” Mohammed said. He said villages in the area, especially, communities bordering Zamfara and Katsina States were being frequently attacked by the bandits. “The bandits came at 6pm and spent almost two hours in the village. They came in a

very large number and they rode on motorcycles. Three people rode on each of the motorcycles. “Residents of the community ran to the bushes for their dear lives. The bandits were well armed and they were just shooting sporadically all over the community. “They killed 19 people and injured 13 others. Some people are still missing. The corpses of those killed were being prepared for burial this morning,” Mohammed added.

NO TO FEMALE GENITAL MUTILATION... Minister of Women Aﬀairs, Mrs. Pauline Tallen (left), and Women Leader, Gbagi Women Association, Lugbe, Mrs. Victoria Posi, during an advocacy visit to the community on zero tolerance for female genital mutilation, in Abuja...recently

Buhari, Tinubu, Okonjo-Iweala, Others to Speak at Lagos Economic Summit Segun James President Muhammadu Buhari, former Lagos State Governor, Senator Bola Tinubu; former Coordinating Minister for the Economy and Minister of Finance, Dr. Ngozi OkonjoIweala; President, African Development Bank (ADB), Dr. Akinwunmi Adesina; and the United Nations Deputy Secretary-General, Ms. Amina Mohammed, are among dignitaries lined up to speak to participants at Ehingbeti, the Lagos economic summit, scheduled to hold from next Tuesday to Thursday. Other speakers expected at the summit are Founder and Chair of Mo Ibrahim Foundation, Mo Ibrahim; Minister of Works and Housing, Mr. Babatunde Fashola and Director-General, Budget

Office of the Federation, Mr. Ben Akabueze; and United Nations Development Programme (UNDP) Resident Representative, Mohammed Yahaya. The summit, with the theme: ‘For a Greater Lagos: Setting The Tone For The Next Decade’, is billed to draw about 150 speakers from across the world to discuss and deliberate on pragmatic optimisation of the inherent opportunities in Africa’s fifth-largest economy and offer perspectives on how to manage the peculiar socioeconomic landscape of Lagos State in the coming decade. While Buhari, Tinubu, and British High Commissioner to Nigeria, Ms. Catriona Laing, will give goodwill messages, the summit opening address will be delivered by the Lagos State Governor, Mr. Babajide

Sanwo-Olu. Lagos State Deputy Governor, Dr. Obafemi Hamzat and the Speaker, Lagos State House of Assembly, Hon. Mudashiru Obasa, will lead the session on strengthening governance, institution, and legislation. Other expected speakers at the summit include Managing Director, Nigerian Breweries, Mr. Jordi Borrut Bel; Prof. Pat Utomi of Centre for Values in Leadership; Academic Director, Lagos Business School, Prof. Yinka David-West; DirectorGeneral, Lagos Chamber of Commerce and Industry (LCCI), Dr. Muda Yusuf and his counterpart at the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Ambassador Ayoola Olukanni.

The three-day summit, which is structured into segments, will have subject experts speak on specific themes such as “Destination Lagos: Becoming the World’s Best Investment Destination”, “Eko to the World: Shaping the Future of Trade and Economic Independence”, “Lagos, the Industrial Hub”, “Made in Lagos: Shaping the Future of Media, Entertainment, Culture and Tourism”, “Security, Law and Order (Balancing Regulation and Economic Growth)” and Citizens Participation in Governance”. Themes to be discussed at the conference include “The Role of Transparency, Institutional Effectiveness, and Accountability in Governance”, “4th Industrial Revolution: The imperatives and prospects for Digital Economy”,

“Digital Transformation for Smart Cities”, “Unleashing Disruptive Innovation for Development”, Shaping the Future of Governance with Technology” and Roadmap to Shared Prosperity – Ensuring Inclusive Human Development.” “Our realities from 2000 when the first Ehingbeti held, exactly 20 years ago, have significantly changed. As a state, we now have to cater to the infrastructural needs of more than 22 million population and ensure that Lagos remains on the path of continuous growth. “These considerations are the groundwork of the Babajide Sanwo-Olu administration THEMES Agenda, but translating the agenda to benefits for our people will require collaborations amongst stakeholders and a determination

to deepen the foundation for sustainable development and growth of our society. So, Ehingbeti 2020 offers us a platform to address all these,” the Commissioner for Economic Planning and Budget and CoChair of Ehingbeti, Mr. Sam Egube, said yesterday. Ehingbeti is an ingenuous socio-economic apparatus that has contributed significantly to the evolution of Lagos State into a major economy in subSaharan Africa and an admirable megacity, with expanding potentials. As a public-private sector roundtable that started as a collaborative effort between Lagos State Government and Business Club Ikeja, Ehingbeti has been hosted by successive governments in Lagos State since the beginning of the Fourth Republic.

Nigeria Meets Cameroon over Repatriation of 4,982 Borno Refugees Olawale Ajimotokan in Abuja The National Commission for Refugees, Migrants and Internally Displaced Persons (NCFRMI) has met officials of Cameroon and the United Nations High Commissioner for Refugees (UNHCR) over the repatriation of 4,982 Nigerian refugees in the neighbouring country. The meeting, at the weekend in Maroua, Cameroon, followed President Muhammadu Buhari's directive that all

Nigerian refugees in Cameroon be returned safely to Nigeria. NCFRMI stated that 3,224 of the refugees are due to be repatriated to Banki and 1,758 to Bama, both in Borno State. The Federal Commissioner, NCFRMI, Senator Basheer Mohammed, was represented at the meeting by the NCFRMI Director of Refugee and Migration, Mr. Tai Ejibunu. The latest parley between Nigeria and Cameroon over the fate of the IDPs was a follow-up to the series of

discussions in 2017 initiated by the then commissioner and now Minister of Humanitarian Affairs, Disaster Management and Social Development, Ms. Sadiya Farouk. Mohammed said the importance of the meeting of the Technical Working Groups (TWGs) of both countries on the voluntary repatriation of Nigerian refugees in Cameroon cannot be overemphasised. The commissioner, who is also the chairman, Technical Working Group (TWG) of

Nigeria on the voluntary repatriation of Nigerian refugees, said the TWGs’ meeting is a forerunner to the Tripartite Commission (TC) meeting scheduled to hold this week. “The meeting this week would provide the latitude and platform for officials of both countries to have in-depth discussions on the protocols and strategies to follow in repatriating the several thousands of Nigerian refugees that are stationed

in Minawao Camp in the Republic of Cameroon,” he said. He urged officials of both countries to be open in their discussions by considering the interest of the refugees in line with international best practices and the guidance of UNHCR offices, both in Nigeria and Cameroon. He also thanked the government of Cameroon for the love and hospitality to the Nigerian refugees, saying the country has exemplified the

true African spirit and good neighbourliness to fellow Africans. The return of the refugees is in line with the NCFRMI’s ongoing resettlement to cities project that will shelter thousands of displaced persons in two-bedroom housing units across some states, consisting of primary healthcare and education centres, security outposts, skill acquisition centres, markets and adjoining farmlands for use by the occupants.

MONDAY FEBRUARY 8, 2021 •T H I S D AY

MONDAY FEBRUARY 8, 2021 • T H I S D AY

MONDAY, ΀˜ ͺ͸ͺ͹ ˾ T H I S D AY

NEWS

NNPC Earned $108.84m from Oil, Gas Exports in November Emmanuel Addeh in Abuja and Peter Uzoho in Lagos The Nigerian National Petroleum Corporation (NNPC) yesterday put its total earnings from export sales of crude oil and gas in November 2020 at $108.84 million. In a release on the latest figures from the November 2020 edition of the NNPC Monthly Financial and Operations Report (MFOR), signed by NNPC Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, the corporation stated that export sales of crude oil and gas for the month increased by 70.33 per cent compared to those of October 2020. It stated that crude oil export sales contributed $73.09m (67.15 per cent) of the dollar transactions compared with $12.38 million in the previous month. The export gas sales amounted to $35.75 million in the month, while the total crude oil and gas export from November 2019 to November 2020 stood at $2.89 billion. Total volume sale of white products from November 2019 to November 2020, the national oil company said, also stood at 17.031 billion litres, with petrol accounting for 16.911 billion litres or 99.29 per cent. In monetary terms, it stated that N226.08 billion was made on the sale of the white products by the Petroleum Products Marketing Company Limited (PPMC) in November 2020 compared with N158.04 billion sales in October 2020. Total revenues generated from the sales of white products between November 2019 and November 2020 were N2.034 trillion. Petrol sales contributed about 99.09 per cent of the transactions

with a value of over N2.015 trillion. But on a month-on-month basis, THISDAY checks showed that a total sum of N143.4 billion was made from the sale of white products by PPMC in October 2019, compared with N125.17 billion sales in September 2019. Total revenues generated from sales of white products between October 2018 and October 2019 stood at N2.64 trillion with petrol contributing about 96.2 per cent of the total sales with a value of about N2.5 trillion. The report said PPMC recorded a total of N158.04 billion from the sales of white products in October 2020, representing a 92 per cent increase over the N80.15 billion sales in September 2020. However, the latest figures showed that it posted a “trading surplus” of N13.43 billion for November 2020, up by 54 per cent when compared with the N8.71 billion surplus recorded in October 2020. It explained that trading surplus or trading deficit is derived after deduction of the expenditure profile from the revenue in the period under review. The report indicated that in November 2020, NNPC Group’s operating revenue, as compared to that of October 2020, decreased slightly by 0.02 per cent or N0.09 billion to stand at N423.08 billion. Similarly, expenditure for the month decreased by 1.16 per cent or N4.81 billion to stand at N409.65billion leading to the N13.43billion trading surplus. “The 54 per cent increase in trading surplus in the November 2020 MFOR is primarily ascribed to the substantial decrease in expenditure from the Nigeria

Gas Company (NGC) due to cost reduction in overheads, coupled with 38 per cent reduction in NNPC Corporate Headquarters deficit. “In addition, the NNPC group’s surplus was bolstered by the noticeable improved profits for additional engineering services rendered by the Nigerian Engineering and Technical Company (NETCO) and increased revenue from import activities posted by Duke Oil Incorporated. “These healthy performances dominated the positions of all other NNPC subsidiaries to record the group surplus,” it noted. According to the NNPC, in the gas sector, a total of

222.34 Billion Cubic Feet (BCF) of natural gas was produced in the month under review, translating to an average daily production of 7,411.52 Million Standard Cubic Feet per Day (mmscfd). From November 2019 to November 2020, a total of 3,004.06BCF of gas was produced, representing an average daily production of 7,642.69mmscfd during the period. Out of this volume, production from Joint Ventures (JVs) accounted for 67.29 per cent, Production Sharing Contracts (PSCs) accounted for 19.97 per cent, while the Nigerian Petroleum Development Company (NPDC) accounted for 12.74 per cent.

A further breakdown showed that a total of 137.41 BCF of gas was commercialised, consisting of 39.99BCF and 97.42BCF for the domestic and export market respectively. The corporation said this translated to a total supply of 1,332.82 mmscfd of gas to the domestic market and 3,247.44 mmscfd of gas supplied to the export market for the month. “This implies that 62.55 per cent of the average daily gas produced was commercialised while the balance of 37.45 per cent was re-injected, used as upstream fuel gas or flared. Gas flare rate was 7.89 per cent for the month under review translating to 577.39 mmscfd.

“A total of 789mmscfd was delivered to gas-fired power plants in the month of November 2020 to generate an average power of about 3,358MW compared with October 2020 when an average of 750mmscfd was supplied,” it explained. In the downstream sector, the corporation said 1.725 billion litres of white products were sold and distributed by the PPMC in November 2020, compared with over 1.224 billion litres in October 2020. “This comprised 1.723 billion litres of petrol, 2.13 million litres of diesel and 0.33 million litres of kerosene. The November 2020 MFOR is the 64th in the series which began in August 2015,” the corporation said.

HONOUR FOR MIRACLE BOY... L-R: Father of Bayelsa State Governor, Mr. Abraham Diri; Governor Douye Diri; and his wife, Gloria, during a reception in honour of the governor in his Sampou community…yesterday

Senate: We Can’t Be Induced to Screen Ex-Service Chiefs Afenifere faults nomination of Buratai, others as envoys

Deji Elumoye in Abuja The Senate yesterday ruled out the possibility of being influenced to screen and confirm the immediate past service chiefs as non-career ambassadors. President Muhammadu Buhari had last week forwarded the names of the immediate past Chief of Defence Staff, General Abayomi Olonisakin (rtd); Chief of Army Staff, Lt. General Tukur Buratai (rtd); Chief of Naval Staff, Vice Admiral Ibok-Ete Ibas (rtd) and Chief of Air Staff, Air Marshal Sadique Abubakar (rtd), to the Senate for confirmation as envoys. While the pan-Yoruba socio-cultural group, Afenifere, has said that the Senate is in order to confirm the appointment of the new service chiefs, it, however,

described as abnormal the request of the president for the confirmation of the erstwhile service chiefs as non-career ambassadors. But the former Deputy National Publicity Secretary of the ruling All Progressives Congress (APC), Mr. Timi Frank, had in a statement yesterday alleged a plot to induce each senator with $100,000 to ensure that the nominees were confirmed. But Senate’s spokesman, Senator Ajibola Basiru, in an interview with THISDAY dismissed the allegation. He expressed optimism that the Senate will consider the nominees on merit without any interference. Basiru, however, urged his colleagues and the public not to take such an allegation seriously, especially coming from Frank. He said: "The character has

in the past been reported to make spurious allegations with reckless abandon. No serious-minded person should take any statement from such a character with seriousness." On its part, Afenifere, while saying the Senate is in order to confirm the appointment of the new service chiefs, described as abnormal the request of the president for the confirmation of the erstwhile service chiefs as non-career ambassadors. Its spokesman, Mr. Yinka Odumakin, told THISDAY a Senate diligent in its job would have queried the abnormality of appointing the former service chiefs as ambassadors. "Only a rubber-stamp legislature will allow such abnormal development to pass to be in the good book

of the executive," he stated. Also in his statement, Frank asked the Senate not to confirm the nomination of the erstwhile service chiefs. Frank added that if the Senate considers the nominees, it would go against its many resolutions in the past, including a vote of no confidence on the former army chiefs over incompetence. According to him, the confirmation of the retired officers would amount to both chambers of the National Assembly returning to their vomit. He listed occasions when the Senate and the House of Representatives had expressly urged Buhari to sack the ex-military brass over lack of capacity, incompetence and failure to stem the tide of insecurity in the country.

These, he said, included Senate’s resolution on a motion sponsored by the Senate Majority Leader, Senator Yahaya Abudullahi, titled: “Nigerian Security Challenges: Urgent Need to Restructure, Review And Reorganise the Current Security Architecture.” over the beheading of 67 rice farmers by Boko Haram insurgents in Zabarmari community in Jere Local Government Area of Borno State. He also mentioned the minority caucus in the House of Representatives which called for the sacking of the service chiefs in reaction to the attack on the convoy of the Governor of Borno State, Prof. Babagana Zulum, by suspected Boko Haram terrorists, on July 31, 2020. Frank noted that prominent groups in the

country, including Afenifere, Coalition of Northern Elders for Peace and Development, the apex Igbo socio-cultural organisation, Ohanaeze Ndi’Igbo and the Christian Association of Nigeria (CAN), at various times had called or supported calls for the sacking of the then service chiefs over their perceived failure to secure the country. He stated that Buhari had also passed a vote of no confidence on the ex-military commanders when he told them that their “best was not good enough.” Frank asked about whose interest the Senate would be serving by confirming the ‘failed generals’ as ambassadors in the face of widespread doubt over their competence, capacity, and capabilities during their tenure.

MONDAY, ΀˜ ͺ͸ͺ͹ ˾ T H I S D AY

PAGE NINE CBN INVESTIGATES CRYPTOCURRENCY COMPANIES’ BANK ACCOUNTS FOR FRAUD The bank also insisted in a statement yesterday by its Director of Communications, Mr. Osita Nwanisobi, that the restriction regime is to protect Nigerians and the financial system. The CBN, however, got allies yesterday on its ban on cryptocurrency trading through banks as the Association of Bureaux De Change Operators of Nigeria (ABCON), the Arewa Consultative Youth Movement, Ohanaeze Ndi Igbo Youth Movement, Oduduwa Youths, and Middle Belt Youths expressed support for it. The CBN, last week, had directed banks and other financial institutions to immediately close any accounts dealing in cryptocurrency or facilitating payment for cryptocurrency exchange, with immediate effect. It also directed banks to expose any individual and entity running such accounts, warning that failure to adhere to the directives would attract strict sanctions. The apex bank, in a circular, cautioned deposit money banks (DMBs), non-bank financial institutions (NBFIs) and other financial institutions (OFIs) and members of the public on the risk associated with transactions in cryptocurrency. The circular was signed by the Director of Banking Supervision, Mr. Bello Hassan, and the Director of Payments System Management

Department, Mr. Musa Jimoh. THISDAY reported exclusively on Sunday that the federal government and CBN were hinted by the Federal Bureau of Investigation (FBI) on the activities of fraudsters using cryptocurrencies to bring into the country hundreds of millions of US Dollars illegally obtained from the USA and other western economies, giving rise to the apex bank’s preemptive strike on Friday. However, the top central bank official who sought anonymity stated that the apex bank has the responsibility of ensuring the safety of the financial system and would not abandon its duty in spite of the mounting criticism of the policy. He said: “There are companies acting as crypto exchanges in this country, telling people that they have naira and are willing to exchange crypto for them and they ask such persons to go to their banks to collect the naira. We are investigating the companies and their accounts would be blocked if we detect any suspicious transactions. “The question remains: What transactions do the crypto companies do that they are offering a huge amount of returns to investors, at times 200 per cent profit?” He added that cryptocurrency is known today by all central banks as alternative money. "So, the question central bankers have been asking

themselves is: What is wrong with what is called money, the legal tender of any country today? Has anybody come up with a criticism of the use of money, whether it is naira, dollars, pound sterling? “Central bankers all over the world believe that the reason people are adopting the use of cryptocurrency is because there are certain financial transactions that the current money arrangement called currency or legal tender, would not allow. But we must understand that digital money is not the same thing as cryptocurrency. “China indeed has banned cryptocurrency. But what they (China) did was to create digital money, subject to the country’s regulation. That is electronic money that can stand in place of the country’s banknotes, but not recognised as cryptocurrency. “Cryptocurrency is now the easiest way for people to launder money, without central bankers discovering what they are doing. It has also been seen as a way of financing terrorism. “The CBN has not said don’t use your crypto. What the CBN has said is that you are not allowed to use the Nigerian banking system or Nigeria’s payment infrastructure to conduct crypto. “You are not allowed to convert your crypto to naira through any Nigerian bank because we don’t know the

business you did to get the crypto.” Reacting to a question that the CBN had earlier given the impression that it was understudying the investment instrument, he said: “We only said we were still trying to understudy it, to see whether we can regulate it. In fact, at this stage, we don’t recognise it; we are saying we are not going to allow it in our payment infrastructure.” According to him, the ban on the digital investment instrument in the country will not stifle innovation as the central bank will continue to take steps to safeguard the banking system.

Restrictions on Crypto-currency to Safeguard Nigerians, Financial System, CBN Insists In a statement yesterday, the CBN attributed the ban on cryptocurrency transactions to the need to protect the interest of Nigerians and the financial system from the risks inherent in crypto assets transactions. It said dealing in cryptocurrency has dire consequences for the integrity of the financial system and financial stability. The bank raised concerns that due to the fact that cryptocurrency is largely speculative, anonymous,

and untraceable, they are increasingly being used for money laundering, terrorism financing, and other criminal activities. The apex bank added that small retail and unsophisticated investors also face a high probability of loss due to the high volatility of the investments in recent times. The CBN added that in the light of these realities and analyses, the bank had no comfort in cryptocurrency at this time and will continue to do all within its regulatory powers to educate Nigerians to desist from its use and protect the financial system from the activities of fraudsters and speculators. The CBN said following the various comments and reactions that had trailed its recent reminder to banks to desist from transacting in/ and with entities dealing in cryptocurrency, it had become

necessary to provide further justifications about the bank's position, especially to the public. The bank added that considering the fact that cryptocurrency is issued by unregulated and unlicensed entities, the use in Nigeria goes against the key mandates of the CBN, as enshrined in the CBN Act (2007), as the issuer of legal tender in Nigeria, stressing that the "use of cryptocurrencies in Nigeria is a direct contravention of existing law." The CBN said: "The very name and nature of 'cryptocurrencies' suggest that its patrons and users have value anonymity, obscurity, and concealment. The question that one may need to ask, therefore, is, why any entity would disguise its transactions if they were legal. "It is on the basis of this Continued on page 10

BUHARI SEEKS OVERHAUL OF AU TO MAKE IT MORE RELEVANT gratitude the overwhelming and historic endorsement of the ambassador with 55 votes, an indication that all the members voted, while congratulating the career diplomat, who also serves as Nigeria’s Permanent Representative to the AU and UNECA. He urged Adeoye to deploy his knowledge and experience in foreign policy and diplomacy, particularly

on bilateral and multilateral issues, to bring value to the new position. He also assured him of the country’s support. The president congratulated all elected members of the African Union Commission 2021, which include the Chairman, Mr. Moussa Faki Mahamat from Chad, and Deputy Chairman, Dr. Monique Nsanzabaganwa, from Rwanda.

that to Ghana: between 2000 and 2020, voter turnout rose by 17 percentage points, the direct converse of the Nigerian situation. We think that this is strongly correlated to the average number of voters per polling unit. If you look at the Nigerian situation, the average number of voters per polling unit increased by 217. Conversely for Ghana, it decreased by 91 voters. So, it seems to suggest that the more voters per polling unit, the lower the voter turnout, and I think there is a logic to that.” Ibeanu said over the years, INEC had tried a number of interim solutions, which did not resolve the matter. He explained that in 2007, the commission introduced baby polling units in 2007, voting points (VPs) in 2011, and voting points settlements (VPS) in 2016 in the Federal Capital Territory (FCT). He said: “The VPs and VPS have been in use since 2011 and 2016. The critical thing is that these have been stopgap solutions. In many cases, these interim solutions have constituted their own problems. The baby units, for example, entailed bringing results from them to the mother units for collation. And each time, there was a major crisis because people were wondering where those results were coming from. The same thing applies to the voting points when in some cases, you had over-voting in them, people were wondering whether the results of the entire polling unit would be valid. A permanent solution has remained elusive. “The commission had tried to establish more polling units in line with the Electoral Act. Section 42 of the Act talks about the commission establishing an adequate number of polling units and allotting voters to them. The commission had

also tried to relocate polling units to more suitable places and also to reorganise polling units on election day. But this has been met with resistance. Stakeholders have politicised the issues and there have been all sorts of conspiracy theories about the actual intention of the commission. Perhaps, the commission should have consulted more widely before embarking on those attempts.” Ibeanu said the idea behind the engagement with leaders of political parties was to lay all the issues on the table in order to encourage the stakeholders to work with the commission to build a genuine national consensus and to try and find solutions to a national problem ahead of some major activities in the electoral calendar, such as the continuous voter registration (CVR), a number of off-season elections and the 2023 general election.

STAKEHOLDERS RAISE CONCERNS OVER DISTRIBUTION OF EXTRA POLLING UNITS creation of new polling units from 25 states and the Federal Capital Territory (FCT). INEC had said it planned to create the new polling units because the extant 119,973 polling units and 57,023 polling points were grossly in adequate for the 84,004,084 voters in the country as at 2019 general election. The decision to create the new polling units is mainly due to the rapidly growing population and changing demographics as well as the registration of new voters, creation of new settlements, including camps for internally displaced persons (IDPs), and the need to decongest crowded polling units in urban areas, especially given the COVID-19 pandemic. But THISDAY learnt that political parties and others, at a meeting with INEC last week expressed worries about how the new polling units would be distributed. They anchored their concerns on the earlier projection by the former INEC Chairman, Prof. Attahiru Jega, who in August 2014 sought to create 30,027 additional polling units ahead of the 2015 general election, with 21,615 in the North and 8,412 in the South. Controversy had trailed the proposed plan due to its lopsidedness, forcing INEC to drop the exercise. The latest concerns, according to stakeholders from the two main political parties, the All Progressives Congress (APC) and the Peoples Democratic Party (PDP), is how INEC will allocate the new polling units without necessarily giving an undue advantage to any of the political divide, the North and the South, because of the high stake associated with 2023 general election. A source told THISDAY: "In 2014, the idea was jettisoned

because out of the 30,027 additional polling units ahead of the 2015 general election, the North was allocated 21,615 while 8,412 was allocated to the South, according to in the sharing formula proposed by the commission. "This was quite disproportional in the sharing as the North got 21,615 and the South considered as densely populated received only 8, 412. This was the controversy that led to killing the idea of creating and expanding the polling units in August 2014. "At the meeting between the political parties and the INEC last Friday, we agreed that the creation and expansion of the polling units are welcomed but we don't seem to know the criteria for this. This is the fear most of us expressed at the meeting." The source said although they agreed in principle on the need for more polling units, they are waiting for the criteria so as not to repeat what happened in 2014. "This is particularly due to the coming 2023 presidential election," he stressed. But in a communiqué after the meeting, the political parties asked INEC to immediately commence the process of converting existing voting points and voting point settlements into full-fledged polling units. The six-point communiqué, signed by leaders of 17 political parties, including the APC and PDP stated that given the current state of voter access to polling units in Nigeria, expanding access to polling units is fundamental to the exercise of the right to vote and to free, fair and credible elections. Also, at the weekend, it was gathered that INEC has already received 5,000 requests for polling units from 25 states and the FCT.

INEC National Commissioner and Chairman, Electoral Operations and Logistics Committee, Prof. Okechukwu Ibeanu, gave the figure in a report titled: 'The State of Voter Access to Polling Units in Nigeria,' and made available to THISDAY. He noted that the current configuration of polling units in the country is grossly inadequate and cannot guarantee the fundamental democratic right of Nigerians to vote. He said since polling units give meaning to the right to vote, this automatically connotes that a place to vote gives meaning to the right to vote. According to him, if an individual has a right to vote without a place to cast the vote, then the supposed right is at best superficial. “If you have a right to vote, but you don’t have a place to vote, then that right is essentially academic,” Ibeanu added. He expressed the commission's belief that the current polling units are not fit for the purpose. The interesting thing, he added, “is that this problem is nationwide. It’s not about one part of the country or another; east or west, North or South.” He reiterated the INEC Chairman, Prof. Mahmood Yakubu’s statement earlier at the meeting with political parties that the current 119,973 polling units were created “a quarter of a century ago” while the situation has remained the same since then. Putting the issue in context, Ibeanu said the polling units are not only inadequate in number but are also not conducive to voters’ exercise of the right to vote, especially in the context of the ranging COVID-19 pandemic. Besides,

he added that they are also not suitable for the commission to properly conduct its work in terms of ensuring that elections are properly conducted according to rules and regulations. He said: “It is important to note that voters' access to polling units is not just about having adequate numbers. It’s not about just establishing more polling units. It’s also to ensure that those polling units, when they are established, are fit for purpose, conducive to voters in terms of exercising their democratic rights and also, perhaps as important, that they are suitable for the commission to do its work. “Unfortunately over the years, it’s just the first aspect of access to polling units that is emphasised, that is the creation of more polling units. But if the problem is just about creating more polling units, then it is clear to me that some of the solutions that the commission had tried like the use of voting points would have solved the problem. But it hasn’t solved the problem, which means it’s not just about creating polling units. It’s also about locating them in places that are conducive for voters.” He listed some of the manifestations of the crisis of voters' access to polling units as overcrowding and electoral violence. Many of the PUs, he stated, are also located in conflict areas, homes of political chieftains, deep forests and shrines. The crisis “also manifests in poor electoral services such as late commencement of polls, disruption of elections, and the declining voter turnout at elections. “To illustrate the declining voter turnout at elections, between 1999 and 2019, voter turnout in Nigerian fell by 17 percentage points. But compare

TOP GAINERS NGN NGN % NNFM 0.77 8.65 9.7 AFRINSURE 0.02 0.24 9.0 GTBANK 3.00 36.00 9.0 MULTIVERSE 0.02 0.24 9.0 MCNICHOLS 0.06 0.73 8.9 TOP LOSERS NGN % PHARMDEKO 0.15 1.35 10 PORTPAINT 0.35 3.15 10 FIDSON 0.61 5.54 9.9 TRANSCOHOT 0.61 3.25 9.7 CHAMPBREW 0.29 2.77 9.4 HPE Nestle Nig Plc ₦1,450.00 Volume: 482.186 million shares Value: N5.579 billion Deals: 5,998 As at yesterday 5/2/2021 See details on Page 37

MONDAY, ΀˜ ͺ͸ͺ͹ ˾ T H I S D AY

NEWS

Ekiti Sues IG over Dismissal of Pregnant Constable Victor Ogunje in Ado Ekiti The Ekiti State Government has taken the Inspector General of Police, Mr. Mohammed Adamu, to court over the dismissal of a constable, Ms. Omolola Olajide, for getting pregnant without serving for the required number of years. The state's AttorneyGeneral and Commissioner for Justice, Mr. Wale Fapohunda, in a suit challenging the police's decision contended that the state government took the legal option having considered the dismissal as a constitutional infraction, aberration and flagrant

discrimination against women in the force. The commissioner, in a statement yesterday by his Special Assistant on Media and Communication, Mr. Olalekan Suleiman, said the suit, marked FHC/ AD/ CS/ 8/ 2021, filed at the Federal High Court, Ado Ekiti Judicial Division, sought a determination of some questions. The suit is asking the court to determine whether by the combined provisions of Sections 37 and 42 of the Constitution of the Federal Republic of Nigeria 1999 (as amended), and Articles 2, 3, 5, 18(3) and 19 of the African Charter on Human

and Peoples' Rights, the provisions of Section 127 of Police Act and Regulation Cap. P19, Laws of the Federation of Nigeria, 2004, is not unconstitutional, null, and void. "The Attorney-General by this suit is also seeking an order nullifying Section 127 of the Police Act and Regulations as well as an order of perpetual injunction restraining the Inspector General of Police, Commissioner of Police, Ekiti State Command and the Police Service Commission from implementing the said provisions. "The Attorney-General has written to the Inspector

General of Police offering the support of the Ministry of Justice, Ekiti State in conducting a gender audit of the Police Act and Regulations," the statement added. Fapohunda said the litigation was prodded by petitions from the International Federation of Women Lawyers ( FIDA) and other women rights groups in Ekiti State to his office concerning the matter of a woman police discharged from the Nigeria Police Force because of her pregnancy status. He said: "The communication from the Nigeria Police headquarters

revealed that the woman police officer was discharged from the Nigeria Police in compliance with Section 127 of the Police Act and Regulations Cap. P19, Laws of the Federation of Nigeria, 2004. "Section 127 provides that "an unmarried woman police officer who becomes pregnant shall be discharged from the Force, and shall not be re-enlisted except with the approval of the InspectorGeneral. "The AG has reviewed the said police regulations and found several provisions in violation of Sections 37 and 42 of the Constitution of the Federal Republic of

Nigeria 1999 (as amended) as well as several regional and international treaties to which Nigeria is a party, including the African Charter on Human and Peoples' Rights.” According to him, the state government is committed to the eradication of all forms of discrimination against women in public and private life. He cited the enactment of some laws, including the Gender-Based Violence (Prohibition) Law, 2020 (as amended) and enabled policies aimed at protecting the rights of women in Ekiti State, as part of the state government's commitment to combat gender discrimination.

Why Nigerians are Afraid to Accept COVID-19 Vaccine, Says Kaigama Onyebuchi Ezigbo in Abuja Catholic Archbishop of Abuja, Most Rev. Ignatius Kaigama, has explained that many Nigerians are afraid to accept the COVID-19 vaccine because they believe that the health crisis is being manipulated by some people. Kaigama, who stated this yesterday in Abuja during his homily at St. Jude’s Parish Zuba, however, urged Nigerians to disregard insinuations that the vaccine is not medically safe and affordable. He argued that even

though many people will seriously question facts about COVID-19 and fear that there is manipulation by some people, he insisted that the pandemic is real. He said: “People very dear to us have died of COVID-19. There is no doubt that our world is currently sick, ravaged by the COVID-19 pandemic. “The fear today is that the menace of COVID-19 will continue to be with us for a long time, and so we need to be watchful and vigilant. “Many in Nigeria, however, ask if the vaccines

are medically safe and whether the poor can also benefit from them, considering that even the palliatives meant for the needy ended up in the homes of a few favoured ones or were needlessly hoarded in warehouses.” Kaigama insisted that before vaccinating Nigerians, stakeholders must ensure that the vaccines have been subjected to appropriate tests for genuineness and were properly stored, to allay the fear of contamination. He also stressed that the economic difficulties on account of the pandemic

were palpable. “The other fear is that if it takes so much time and money now to do a test for COVID-19, will it be that easy for the poor to have access to the vaccine? “As basic as the face mask, which is seriously recommended to be worn by everyone is, I have seen individuals wearing dirty face masks for days because they cannot afford new ones, another reason for more infections! “I understand that the Independent National Election Commission (INEC) is considering increasing the

polling units in Nigeria to beyond the present 119,973. Could the same polling units be used as free vaccination or face masks distribution centres?” While referencing the Biblical book of Mark 1:29-31, the Abuja Catholic prelate noted that being a Christian was not an insurance policy against sickness, suffering, and hardship. “Life is not a bed of roses. Pain and suffering and joy and fulfillment coexist, but our faith teaches us that the suffering of Jesus gave meaning to our sufferings.

Even though God permits suffering to take place, He intervenes in human situations to alleviate suffering. “In the midst of the coronavirus health crisis, we pray that things will return to normalcy soon and our God who is the same yesterday, today, and forever will grant us both spiritual and physical healing. “I urge that in all the circumstances of your life, remain solidly rooted in the Lord Jesus, and do not yield to superstition and wander from one juju healer to the other,” he explained.

According to him, rather than criticising the CBN, the critics should have advised 5he federal government to introduce digital agri-business to Nigeria's teeming youth for capacity and self-employment. “We, therefore, support the CBN measures and urge the apex bank to support a paradigm shift in Bureaux de Change (BDCs) business where we are moving from traditional bricks and mortar operations to a digitised model that boosts transparency, foreign capital inflows, and ease of monitoring and supervision of our operations," he said. He added the BDCs have so far introduced four factors authentication digital applications in their operations to improve efficiency and transparency in operations. The applications include SAAS MASTERS for a rendition of utilisation of returns to CBN online realtime; many BDCs are in the Nigeria Financial Intelligence Unit (NFIUs) GOAML platform for suspicious and cash transactions reports. “Equally, BDCs are on Nigeria Interbank Settlement System (NIBSS) Bank Verification Number (BVN) Validation portal of their members and finally, ABCON is also working with Data Pro Consultant to integrate their new Application Programming Interface (API) for Politically Exposed Persons (PEPs) and sanction list search,” he added. Gwadabe said there is nothing wrong with regulating players in the financial sector, and where such regulations are not available, caution should be applied. "There is a need for every segment of the financial system to be regulated and guided

by the CBN Act, BOFIA, Anti-Money Laundering, and Counter Financing Terrorism guidelines, Know Your Customer (KYC) Requirements for a safe and secured Nigeria and stable financial system," he said. He said ABCON will continue to support CBN's moves to tighten and strictly enforce regulations in the foreign exchange market for sustained exchange rate stability and improved economic growth. Besides ABCON, the Arewa Consultative Youth Movement, Ohanaeze Ndi Igbo Youth Movement, Oduduwa Youths, and Middle Belt Youths also supported CBN's ban on cryptocurrency trading through Nigeria's financial system. They also hailed the CBN Governor, Mr. Godwin Emefiele, for providing the leadership that made the apex bank to take such a proactive move. The groups, in a joint statement yesterday by Ohanaeze Secretary-General, Mr. Nwada Chiamaka, described the ban as patriotic and courageous. They urged Emefiele not to relent in his efforts to sanitise not only the banking sector but the entire economic landscape. "We know of a fact that this policy is a hard hit against financial criminals of the underworld who in turn will stop at nothing in their desperate bid to ensure that the policy is changed so that they can continue to have their way. We urge the CBN team not to succumb to any pressure. The policy should be strictly implemented and those who flout the rule should be sanctioned appropriately," the statement added.

CBN INVESTIGATES CRYPTOCURRENCY COMPANIES’ BANK ACCOUNTS FOR FRAUD opacity that cryptocurrencies have become well-suited for conducting many illegal activities, including money laundering, terrorism financing, purchase of small arms and light weapons, and tax evasion. "Indeed, many banks and investors who place a high value on reputation have been turned off from cryptocurrencies because of the damaging effects of the widespread use of cryptocurrencies for illegal activities." The apex bank added that the role of cryptocurrency in the purchase of hard and illegal drugs on the darknet website called “Silk Road” is well known, adding that there had also been recent reports that cryptocurrency has been used to finance terror plots, further damaging its image as a legitimate means of exchange. The CBN explained further: "More also, repeated and recent evidence now suggests that some cryptocurrencies have become more widely used as speculative assets rather than as means of payment, thus explaining the significant volatility and variability in their prices. "For those who are not conversant with the universe of cryptocurrencies, it is important to state that cryptocurrencies are digital or virtual currencies issued by largely anonymous entities and secured by cryptography. "Cryptography is a method of encrypting and hiding codes that prevent oversight, accountability, and regulation. While there are a number of cryptocurrencies now in circulation, bitcoin was the first to be introduced in 2009, and

now accounts for about 68 per cent of all cryptocurrencies. "As regards our recent policy pronouncement, it is important to clarify that the CBN circular of February 5, 2021, did not place any new restrictions on cryptocurrencies, given that all banks in the country had earlier been forbidden, through CBN’s circular dated January 12, 2017, not to use, hold, trade, and/or transact in cryptocurrencies. "Indeed, this position was reiterated in another CBN Press Release dated February 27, 2018." According to the CBN, its policy "is not an outlier as many countries, central banks, international financial institutions, and distinguished investors and economists have also warned against its use. "They have all made similar pronouncements based on the significant risks that transacting in cryptocurrencies portend, the risk of loss of investments, money laundering, terrorism financing, illicit fund flows, and criminal activities. "China, Canada, Taiwan, Indonesia, Algeria, Egypt, Morocco, Bolivia, Kyrgyzstan, Ecuador, Saudi Arabia, Jordan, Iran, Bangladesh, Nepal, and Cambodia have all placed a certain level of restrictions on financial institutions facilitating cryptocurrency transactions. "In China, for example, cryptocurrencies are completely banned and all exchanges closed as well. Banks and other financial institutions are not allowed by law to transact or deal with cryptocurrencies. China’s central bank called the Peoples Bank of China (PBoC) has provided several directives ruling out the use of these currencies." CBN also cited investor,

Warren Buffett, who has called cryptocurrency "rat poison squared," a "mirage," and a "gambling device" as one of those who have condemned trading in cryptocurrency. "Mr. Buffett believes it is a “gambling device” given that they are mostly valuable because the person buying it does so, not as a means of payment; but in the hope they can sell it for even more than what they paid at some point. "During an online forum hosted by the Davos-based World Economic Forum a few weeks ago, Andrew Bailey, the Governor of the Bank of England, highlighted the extreme price volatility of cryptocurrencies as one of the biggest flaws and explained that this flaw makes it impossible for them to be used as a lasting means of payment. “Have we landed on what I would call the design, governance, and arrangements for what I might call a lasting digital currency? "'No, I don’t think we’re there yet, honestly. I don’t think cryptocurrencies as originally formulated are it'. "It is not surprising he would take that position because Bitcoin, the bestknown cryptocurrency hit a record high of $42,000 per unit on January 8, 2021, and sank as low as $28,800 about two weeks later," the CBN said.

BDC Operators, Other Groups Back Emeﬁele on Ban However, amid the criticism of the policy, the ABCON lauded the CBN for being proactive in banning cryptocurrency trading.

ABCON President, Alhaji Aminu Gwadabe, said the banking sector regulator acted fast to curtail an emerging dangerous trend capable of eroding Nigeria's Anti-Money Laundering and CounterTerrorist Financing (AML/ CFT) gains. In a statement yesterday, Gwadabe added that before banning financial dealings that do not conform with the norm, the CBN must have got financial intelligence on such operations, as seen in kidnappers now collecting Bitcoin for ransom. Gwadabe said the new changing global behaviour towards cryptocurrency trading in Nigeria was not in tandem with Nigeria's AML/CFT compliance structure as the country battled to move out of the Financial Action Task Force (FATF) sanctions list. He said cryptocurrency trading has become pervasive and widespread that every segment and all operators in the financial industry are becoming vulnerable to their operations that are not guided by regulation. "That is why many financial sector regulators, prominent financial institutions, including global banks and investment firms are moving swiftly against the cryptocurrency operators. "All over the world, no regulatory institution has given a fiat approval of the new digital money due to its vulnerability to money laundering and counterterrorism financing. It is therefore the belief of our association that the measures of the CBN will ensure the confidence of our foreign partners to boost economic growth," Gwadabe said.

MONDAY FEBRUARY 8, 2021 ˾ T H I S D AY

NEWS

Police Confirm Murder of Former Owerri NBA Chairman How our colleague was killed in Imo, says association

Amby Uneze inOwerri The Imo State Police have confirmed the gruesome murder of a 64-year-old man, Mr. Ndieonyema Nwankwo who was the former Chairman of the Nigerian Bar Association (NBA), Owerri branch. This is coming as the Owerri branch chairman of the association yesterday confirmed that their colleague, Nwankwo, was murdered in his office at 42 school road in Owerri, after which his car and phones were taken away by the suspected assassins.

A statement issued yesterday by the Imo State Police Public Relations Officer, Mr. Orlando Ikeokwu, explained that when the command received the report of the murder, operatives were immediately deployed to the scene of the incident (his office). According to the PPRO, they met the lawyer’s lifeless body in a pool of blood and machete cuts were seen on his neck. Ikeokwu noted that while taking a further look around the office, a machete with bloodstains, suspected to have been used in inflicting the

Ortom Seeks Arrest of Fulani Spokesman over Comments on Benue Killings George Okoh in Makurdi Governor Samuel Ortom of Benue State has called for the arrest and questioning of a self-acclaimed spokesman of Fulani groups and All Progressives Congress (APC) chieftain, Mr. Garus Gololo over alleged comments on Benue killings. Gololo had recently alleged that Ortom was sponsoring attacks on Fulanis residing in Benue State. Miffed by the allegation, the governor had demanded an apology and retraction. A statement from the governor, yesterday, which was issued by his Chief Press Secretary, Mr. Terver Akase, alleged that Gololo had not been new to such false and malicious statements after his request to be appointed a Special Adviser in Benue State was turned down. “Since Governor Ortom turned down his request to be made Special Adviser preferring to appoint another Fulani man as his aide, Gololo has launched ceaseless campaign of calumny

and blackmail against the governor. “In January 2018, shortly after armed herdsmen attacked communities in Guma and Logo Local Government Areas, LGAs, killing 73 people, Garus Gololo came out on behalf of the armed Fulani groups and accepted responsibility for the massacre, alleging that the attacks were in retaliation for their cows, which he claimed were rustled. “Security reports however later proved that no Fulani cow was rustled before the 2018 attacks. “Contrary to his recent claim, there is no attack on a Fulani person in any part of Benue State. All law-abiding Fulanis are living in peace with other Benue people. “We, therefore, expect security agents to arrest for prosecution, this harbinger of mayhem whose only trade is raising false alarms to throw the society into crisis. “Gololo is closely working with other enemies of the state and he surely has questions to answer regarding the frequent attacks on innocent Benue people.

Soyinka Urges Buhari to Address Nigerians on Herdsmen Crisis Nobel Laureate, Prof. Wole Soyinka, has urged President Muhammadu Buhari, to address Nigerians and make it known publicly that he does not support the criminal activities of some herdsmen in parts of the country. Soyinka spoke in an interview with BBC News Pidgin. He warned against another civil war if nothing was quickly done to address the herdsmen crisis rocking the nation. Soyinka said, “We may enter a phase of serial skirmishes which may get more and more violent and develop – I hate to use the word – may develop into a civil war and a very untidy and messy one at that. That is my biggest fear.” A popular Yoruba rights activist, Chief Sunday Adeyemo, well known as Sunday Igboho, had issued a seven-day notice to quit to herdsmen accused of crimes in the Ibarapa area of Oyo and enforced same. Ondo State Government has also said herdsmen must register with the state government or

vacate the state forest reserves. Commenting on the herdsmen crisis, Soyinka said there should be civil mobilisation now that the herdsmen crisis is at the doorstep of the people of the South-West region. He said, “If we keep waiting for this to be centrally handled, we are all going to become, if not already, slaves in our land. That for me is intolerable and unacceptable.” “We are here to live in dignity (but) right now, our dignity is being rubbished,” he lamented. On what should constitute the speech of the President to the nation on the herdsmen crisis, the Nobel Laureate said Buhari should “address the nation in very stern, unambiguous terms”. He said the President should say openly: ‘Yes, I know I am the patron of the cattle rearers association etc. I’m a cattle rancher myself, it is a business and I run my business on business terms. I do not run my business by raping, by displacing, by torturing.

cuts on him, was found on the floor. He said it was also discovered that his car and other yet- to-be identified items were taken away. The state Commissioner of Police, CP Nasiru Mohammed, while calling for calm, has also ordered an investigation into the matter, with a view to arresting the fleeing suspects and recovering the stolen items. Meanwhile, the Owerri branch of NBA yesterday confirmed that their colleague, Nwankwo, was murdered in his office at 42 school road in Owerri, after which his car and phones were taken away by the suspected assassins. The NBA, Secretary, Mr. Chinedu Agu, in a statement, said the incident happened on February 6, 2021. He added that the whereabouts of Nwankwo’s driver said to be with him at the time of the incident was unknown. Narrating how the tragedy occurred, Agu said: “At about 8.15am today on my way to Church for 8.30am Mass, I received a call from the Chairman, JI Ogamba,

detailing me to liaise with the former Secretary, Ishmael Nkwocha to take Police to NH Nwankwo & Co, at 43 School Road Owerri, to ascertain the safety of N.H Nwankwo, who left home for work yesterday Saturday, February 6, 2021 and was yet to return from work. “However, earlier to the call, Ishmael Nkwocha, who shares same office space with him had, in response to frantic calls from his family members over the uncertainty of his whereabouts, gone to his office to meet same locked. “On opening the Entrance door, he met Nwankwo’s main office locked and with traces of blood on the door to his (Nwankwo’s) office. “Not very sure of the situation he went to the Homicide Section of the State CID, going with him Forensic Experts from the Police Headquarters to the office to have it properly opened by themselves in order not to contaminate evidential materials. “When the forensic experts

arrived at 9:56 hours with their gadgets, they opened the door only for us to find his bulky frame lying lifeless inside his office in a pool of his congealed blood. “On a closer inspection, Nwankwo appeared to have been savagely matchetted by his assailant, as a very gaping cut was seen on his neck, a monstrous cut of not less than of about 30 centimetres with only about less than 50 per cent of the flesh in his neck region holding the head. “Blood splashes were seen on the roof, fans, Printer, Computers, table, files, seats, books, bookshelves inside his office suggestive of a ferocious matchetting of his neck. “Nwankwo was suspected to have been busy working as his Printer, Computer, Standing Fan were on while a writing pad containing jottings unrelated to this incident and a Pen were found on his Desk.” He further said: “A bucket of water was seen in his office, with which the Assailant must have washed his hands and Matchet

used in this act. “A search of the office revealed a Matchet abandoned inside the Toilet of his office with which the assailant was suspected to have used to cut his neck. “When his body, which lay half prostrate was turned matchet cuts were seen on his Wrist also and the footprints captured by forensic experts suggested the act was done by two persons as the two footprints were unidentical. “As at the time of this Provisional report, Forensic Experts are still gathering evidential materials for their use accompanied by myself, LC Ugorji, Uche Osuji, Ishmael Nkwocha, JI Ogamba, DO Nosike and a host of other lawyers. “Meanwhile, his driver, who reportedly was the only person with him in the office on Saturday, is at the time of this report at large, with Nwankwo’s phones, and Car nowhere to be found. “Arrangement has just been concluded to take the lifeless body to the morgue. This is one death too many; one murder too savage

RETHINKING NON-OIL EXPORTS…

Chief Executive Officer of the Nigeria Export Promotion Council, Mr. Segun Awolowo (left), and Secretary to the Government of the Federation (SGF), Mr. Boss Mustapha, after a discussion on strategies for developing post-COVID-19 economy through the promotion of non-oil export, in Abuja…weekend

Retired NIS Officer,Three Others Abducted in Abuja FCT police arrest six suspected kidnappers, rescue victims A retired Assistant ComptrollerGeneral of Nigeria Immigration Service (NIS), Abdulahi Rakieu, and three others have been abducted in the Tungan Maje area of Gwagwalada Area Council of the Federal Capital Territory (FCT). The kidnappers were said to have raided the victims’ house and whisked them away. This is coming as the FCT Police Command has arrested six suspected kidnappers along the

Apo axis of the nation’s capital. The suspects, Frank Ozor, 26 years; Nweke Uche, 19; Chester Uzor,25; Chukwu Bethrand, 27; Chukwu Samuel, 25 and Kelechi Ngene, 26, were intercepted by police operatives on patrol on Saturday, after they had earlier abducted three persons. The police spokesperson, ASP Mariam Yusuf, said the suspects were arrested while attempting to relocate one of their victims.

“Further investigation led to the successful rescue of two other victims who identified the suspects,” she said in a statement titled, ‘Police rescue victims, arrest six suspects.’ Yusuf explained that the command has launched a strategic counter-kidnapping operation to checkmate the rising insecurity in the FCT. According to her, the police have deployed undercover operatives across Abuja as part

of covert operations against kidnappers and other criminals. She said, “We have deployed covert and overt crime-fighting strategies to strengthen security across the Federal Capital Territory, especially in areas with rugged terrain. “Furthermore, the command is working closely with sister security agencies, key stakeholders and community leaders to rid the FCT of criminal elements.”

One Killed in Benue APC Meeting George Okoh in Makurdi The All Progressives Congress (APC) registration and revalidation exercise in Benue State recorded one death as Chairman of Gboko South APC, Mr. Tersoo Ahu was yesterday killed by unknown persons in Gboko Local Government Area. Ahu and other APC ward EXCO members were said

to be engaged in training of party officials for membership registration and revalidation exercise when unknown person stormed the venue with clubs cutlass ,iron and manhandled him. The Publicity secretary of APC, Benue State chapter, Mr. James Ornguga, who confirmed the incident, said the ward chairman who sustained serious injuries

from the attack, died later at a public hospital in Gboko, where he was receiving treatment . The killing of APC ward chairman in Gboko, the ancestral home of the Tiv people may not be unconnected with the alleged factions within the party ahead of the 2023 general election . Police Public Relations Officer (PPRO) of Benue State Command, DSP Catherine

Anene, confirmed the incident and said investigation has already commenced, promising that they will arrest the suspects. “Yes, I can confirm the attack and killing of the APC ward chairman in Gboko; our men rushed to the scene but the suspects fled. However, we have identified them and very soon we shall pick them up,” Anene, said.

MONDAY FEBRUARY 8, 2021˾ T H I S D AY

NEWS

Stakeholders Hail Buhari on Hadiza Bala-Usman’s Reappointment Laud NPA reforms

Abiodun Eromosele The key stakeholders in the Nigerian maritime industry as well as some foreign investors in the free zones have unanimously thrown their weight behind the raft of measures being implemented by the Managing Director of the Nigerian Ports Authority (NPA), Ms. Hadiza Bala-Usman to attract the much-needed foreign investments into the country. In their interviews in Lagos, the stakeholders lauded the NPA boss for what they described as her bold reforms, which have restored investors’ confidence in the maritime industry and the economy at large. The hailed President Muhammadu Buhari for reappointing Hadiza Bala

Usman as Managing Director of Nigerian Ports Authority (NPA), for additional five-year tenure The Chairman of the Nigeria Port Consultative Forum, Mr. Kunle Folarin stated that the federal government is aware of the drive by Bala-Usman to ensure that the right thing is done at all times, adding that with what she has achieved, the port will in no time serve as alternative to crude oil in terms of revenue generation. According to him, “The first thing is that in the last four years, the port has been recognised as the alternative source of income to the federal government apart from oil. Hadiza came and identify all the loopholes in the Memorandum of Understanding (MOU) of the various agreements signed by the NPA over the years and she stopped

Lagos Police Arrest 27 Suspected Criminals at Hideouts Rebecca Ejifoma The Lagos State Police Command has arrested 27 suspected criminals in a planned raid of different black spots across the state between February 4 and 5, 2021. Those arrested were Olajide Kolawole, 26; Kehinde Ayoola, 25; Dola Abdullahi, 20; Michael Ogungbade, 19, and 23 others. The arrest was carried out by the operatives of the Rapid Response Squad (RRS) on the directive of the state Commissioner of Police, Hakeem Odumosu, to the RRS Commander, CSP Olayinka Egbeyemi. Egbeyemi was instructed to place certain spots especially in Ikeja, Agege, and Alimosho under surveillance and dislodge the criminals. According to the state Police Public Relations Officer (PPRO), CSP Muyiwa Adejobi, the raid

them. It takes courage to do all those things. There are some contracts where the agency was paying about $400 million; she stopped it and somebody in the authority must have allowed all that before she came but she blocked all the loopholes. “These are people that were thought to be very influential but she stopped it. She almost stopped the INTELS contract that gave Pilotage to a private company, which is the responsibility of NPA under the act. Hadiza is someone who has the courage to stop illegalities, which have been going on for a long time. In Nigeria today, courage is key and imagine if that had continued for another 10 years then several billions of Naira would have been lost.” He added, “She did what others were scared of doing. Look at the issue of access to the port when she came in which have refused to go away and she introduced badging to solve the problem. So, she has done very well and deserves the support of everyone.” Some foreign investors operating in one of the free zones, who did

not want their name in print, also lauded the NPA for the measures she introduced to enhance the ease of doing business in the country. “As foreign investors, we always feel out of place in any new environment in general. We only overcome this feeling by the warm welcome and great business practices in our new environment. In Nigeria, there are many opportunities for business but the transfer of skills and technology is always being hindered by some people who are against the achievement of the very best for this great nation. “But since Hadiza Bala-Usman came on board, we have seen a lot of positives. We believe that Nigeria needs more people with her characteristic and intellect to help steer Nigeria and its people to greater and better things from now and in the future. “Her commitment and devotion to help the Nigerian Ports Authority and especially her activities in ease of doing business to help foreign investors take a more pivotal role in the development of this country are

applauded by us and many of our counterparts are proudly investing to build a greater Nigeria for all,” one of the investors explained, on behalf of others. Also, the National Public Relations Officer, National Association of Government Approved Freight Forwarders (NAGAFF), Stanley Ezenga also praised her for her initiatives. He said, “Since Hadiza was appointed, she instituted a lot of reforms in the agency and in the industry. She has stopped a lot of corrupt practices in the sector and I can categorically tell you that she merited her position.” Speaking on the issue, the National President of the National Association of Licensed Customs Agents (ANALCA), Mr. Tony Iju Nwabunike commended her for her boldness. “I would like to thank President Muhammadu Buhari for recognising excellence and hard work, which has restored investors’ confidence in the maritime sector. If you look at the amount of work Hadiza has

done, given that people never gave her a chance and she came and turned around things, it was a good move by the president to appoint her in the first place. Again, it is to finish the good work she has started in NPA. At ANALCA, we will continue to support her; we are going to give her the platform for her to do more. “As an association, we want her to look into the concession agreement and check the excesses of terminal operators. We want her to look at the issues of holding bay and get the NPA itself to create one. The NPA should have some area set aside for stacking of containers so that you can take the goods going to dry ports, like the Kaduna Dry Port and other places without stress. The concessionaires do not have the space to do all these alone. We want her to look at the charges at the port and manage the inflow of containers from the anchorage areas into the country and the security of goods and services.”

was extended to Ile Zik, Dopemu under bridge, Shasha, Orisumbare, Iyana-Ipaja under bridge, Ile-Epo, Abule Egba, Isokoko, Alfa Nla, Capitol Road, Akilo, Marketing, and Alausa Central Business District (CBD) among others. Odumosu, however, assured residents of the state that the command would continue to intensify efforts to reduce incidences of traffic robbery, cultism and other social vices to their barest minimum. While commending the operatives for the successful operation, the CP implored parents and guardians to monitor the company their children and wards keep. He emphasised that cultism and traffic robbery remain unpardonable crimes which will not be overlooked or spared, as they attract stringent punishments in the law.

Gunmen Abduct Taraba NLC SET TO ATTRACT NEW APC MEMBERS… Chairman Executive Director, Nigeria Export Import Bank (NEXIM), Hon. Stella Okotete (left), and the Chief of Staff to the President, Prof. Ibrahim Wole Ayodele in Jalingo The Chairman of the Nigeria Labour Congress (NLC) in Taraba State, Peter Jediel, has been abducted by gunmen. Jediel was abducted at about 1 a.m. yesterday at his residence in Sunkani, headquarters of ArdoKola Local Government Area. Besides Jediel, another resident of the town, Alhaji Bello Kantoma, was equally abducted by the gunmen at his Ungwar Jauro Manu area of Sunkani. This is coming barely two weeks after the Chairman of Ardo-Kola LGA, Mr. Salihu Dovo, was equally abducted and later killed by his abductors, who dumped his corpse in the bush. Younger brother of the state NLC boss, Boniface Stephen, who confirmed the incident to journalists, said the gunmen invaded the residence of Jediel in a very large number and shot sporadically to scare residents of the area before whisking him away. Stephen, however, stated that

Gambari, during the visit of the APC Youth Wing to President Muhammadu Buhari, at the Presidential Villa, Abuja…recently

the gunmen are yet to establish contact with the family probably to demand ransom. Also confirming the incident in a statement made available to journalists in Jalingo, the Chairman of TEKAN/ECWA in the state, Rev Phillip Micah Dopah, called on the entire body of Christ in the state, particularly the Southern Conference of the UMCN Church and the TEKAN/ECWA, to pray for the safe return of Jediel, who is also the chairman of Medical and Health Workers Union in the state. When contacted, the state Police Public Relations Officer (PPRO), DSP David Misal, could not confirm the incident, but promised to get back. The spate of kidnapping in Taraba State has become very alarming recently prompting the state Governor, Darius Ishaku, to call on the federal government to allow citizens to own licenced guns for their own defence and security.

Osun Declares 24-hour Curfew in Two LGAs over CommunalViolence Yinka Kolawole in Osogbo The Osun State Government has declared a 24-hour curfew in Irepodun and Orolu Local Government Areas of the state, following the violence that broke out between Ilobu and Erin-Osun communities last Saturday. According to a statement signed by the Secretary to the State Government (SSG), Wole

Oyebamiji, said the declaration of curfew became necessary to calm tension in the troubled area. This will subsist until further notice. Recall that only about few hours ago, the state Governor, Adegboyega Oyetola, had ordered the immediate deployment of armed policemen with support from the army to restore law and order. “As a responsible and

responsive government that took the sacred oath to protect the lives and property of our citizens, we believe that the declaration of the curfew is the way to go in this circumstance. “By this, security operatives have been directed to arrest and prosecute any person found violating the curfew and those responsible for the violence. “All citizens and residents of the

affected local government areas are enjoined to comply with this directive as any person found contravening this order shall be made to face the wrath of the law. “The government enjoins all our citizens to be peaceful and to be law-abiding as all efforts shall be made to protect them and their property,” he stated.

One Injured as another Building Collapses in Lagos Segun James One person has been reportedly injured following the collapse of a building at Elegbata Street in Apongbon area of Lagos Island. THISDAY gathered that the collapse of the building occurred during a failed “controlled

demolition” attempt by the owners of the property. According to officials of the Lagos State Environment Management Authority (LASEMA), the injured man has been taken to hospital for treatment. Although it was not confirmed

if the demolition exercise got the approval of the state government, the Chief Press Secretary to the state Governor, Babajide SanwoOlu, Mr. Gboyega Akosile, in a tweet confirmed the incident. In recent times, there has been a spate of building collapse on Lagos Island area of the state.

This had forced the state government to order the demolition of buildings suspected to be structurally deficient. As at the time of this report, it could not be confirmed if the collapsed building was one of those marked for demolition by the state government.

MONDAY FEBRUARY 8, 2021 • T H I S D AY

T H I S D AY ˾ ˜ Ͷ˜ 2021

COMMENT

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

THE BUSINESS CASE FOR DEMOCRACY Omagbitse Barrow canvasses more involvement in politics

was asked on a recent TV interview by Rev Fr George Ehusani how ordinary people who are busy working in their offices could ever find the time to get registered to vote and collect their voters’ cards, considering how difficult the process has always been. He was of the opinion that it was easier for CEOs like himself and I to find the time to do this, but the same could not be said of the people who work with us. My answer was simple - if the CEOs understood the business case for a strong and virile democracy, they will have special leave days created to enable ALL employees to be registered as voters. The truth as we all know is that the private sector, rather than government is the engine for economic growth of any society. The problem is that most private sector leaders have kept to this truism so much that they have completely ignored the role that government plays in facilitating and providing a conducive environment for their enterprises to flourish. If the Dangotes, Petersides, Otudekos, Rabius, Elumelus, Ovias, Otedolas and all the up and coming multi-billionaires think that they are making plenty money now, they should consider how much wealthier they would be if we had a better democracy, and how much they stand to lose if we slip into anarchy, chaos, military rule or civil war due to failings of democracy. There is a linear relationship between good politics that creates good governance and ultimately economic prosperity. Unfortunately, our business leaders in Nigeria either sit back and watch while bad politics holds sway or are by themselves active participants in fostering such bad politics that leads to bad governance and ultimately a failed economy. Over the years, I have observed that many bright and intelligent people in the private sector have participated in governance in one way or the other in Nigeria, and I must give credit where it is due. The challenge is that the quality and quantum of that participation has been “suspect’. For example, what difference can bright people from the private sector make when they join political parties run by godfathers and money bags and end up winning elections only to continue to serve the narrow interests of such godfathers and money bags? Again, what difference does it make when our best talent from the private sector are queuing up to take on appointed roles as Ministers, Commissioners, Special Advisers and Technical Assistants to power-wielding politicians only to find out that appointees lack political power and only serve

IF THE CEOS UNDERSTOOD THE BUSINESS CASE FOR A STRONG AND VIRILE DEMOCRACY, THEY WILL HAVE SPECIAL LEAVE DAYS CREATED TO ENABLE ALL EMPLOYEES TO BE REGISTERED AS VOTERS

at the mercy of the elected (in our case ultimately serving the same godfathers and moneybags). Some private sector leaders (no need to mention names) have specialized over the years in courting as many sides of the political divide that exist, doling out of millions of naira in campaign funding to the ruling parties and their most promising opposition to ensure that whichever way the elections go their business interests are preserved. Since 1999 it seems like they have been perennially investing in the “devil” and the “deep blue sea” as if there are no better options beyond these. Sadly, like I shared with one of such business leaders - “how much has your financial support for the dominant political elite in Nigeria helped us make progress? If it had, Nigeria’s fortunes will not be in a state of perennial decline as it is.” I never got a response from him - I guess he is still thinking about it. Others work hard for political rulers who do not share their values or ambitions as members of Think Tanks and National Committees. Well, it is always good to respond to the national call to service, but do you really think that all your intellectualism will make a big difference to a political class that is devoid of values and disinterested in the common good? Yes, the common good, because at the end of the day if success at business means just making money for ourselves and shareholders without caring to uplift the lives of the common man then we will continue to live in fear and insecurity in our urban prisons (bullet-proof cars and electrified 12 feet fences). So, Fr Ehusani in that same interview remarked - but everyone cannot contest for elections? I agree, but certainly more people who have the talent, capacity and character need to if Nigeria is to make much progress. Unfortunately, many of such people are too afraid or to pre-occupied with their private businesses to do so. The question is - what can the private sector do differently? Well, start from investing in political literacy (Politeracy) - the knowledge and skills for meaningful political participation. Encourage and support awareness and enlightenment amongst your staff, stakeholders and customers in this area. Encourage and even make it compulsory for all employees to go out and get registered to vote. Stop being too “bougie” to discuss politics and please stop saying that politics is bad and therefore a no-go area. It will remain bad so long as well-meaning and forward-thinking people refuse to #GetInvolved. Omagbitse Barrow is the Director of the Abuja-based #LetsGetInvolved Program

CRYPTOCURRENCY: CBN AND NATIONAL SECURITY The ban on digital currency is in order, argues

igeria’s reserve bank, Central Bank of Nigeria (CBN), has at last taken a decisive position on the 11-year-old digital currency now a subject of dispute around the world. Cryptocurrency is a form of digital currency (money) which operates independent of third-party oversight or regulation. This insulates it from regulation by banks or governments. It has no value, it’s not a legal tender by its nature, like the naira or dollar. It’s dodgy and does not lend itself to regulation. Put simply, it renders traditional banks including central banks (regulators) useless. And it’s difficult to tax. Yet, it’s robust enough as to allow two people anywhere in the world to exchange value across the internet at the tap of buttons. And herein is the danger. Because of its shadowy and virtual nature coupled with its unobtrusiveness, being able to cut off third party control and regulation, it has become a handy tool in the hands of terrorists, their promoters and those merchandising from the deadly and capital-intensive terror ring. Many analysts and studies have tagged cryptocurrency and its adjuncts as ‘fuel for terror’, ‘stimulus for terror’ and ‘steroid for terror.’ It’s for this dark side of the digital currency trade that some jurisdictions, having experienced its threat to their internal security, have had to take actions wholly outlawing it or enacting measures to put its market under watch. Russia, China, Algeria, Ecuador, Bangladesh, Algeria and lately India are among the nations that have either banned Cryptocurrency or legislating to outlaw it. Many others are working round the opaque and blurry digital currency market to find ways to exert control on it. Recall that last June, Bitcoin was featured in a hack of prominent Twitter accounts. Purporting to be former President Obama, Bill Gates and Kanye West, hackers

persuaded Twitter followers to send $1,000 in bitcoin, promising $2,000 in return. They drew more than $100,000 before the scam was shut down. Progenitors of cryptocurrency did not create it to fuel crime and terror but it has, like most technologies, been subject of abuse and a handy weapon at the disposal of crooks. There have been very strong cases against legitimising cryptocurrency. Aside giving boom to terror, it has been established as yet another catalyst for both illicit drug trade and online scam. In recent years, a new generation of cryptoscammers have emerged on the wings of digital currency taking advantage of its obscure and ghostly nature. This explains the global caveat and institutional caution issued on cryptocurrency. Nigeria wears a notorious badge on matters of terror and cybercrime. In the 2020 Global Terrorism Index, Nigeria ranks third, only after Afghanistan and Iraq. Syria, Somalia, Yemen and India even have a cleaner record on terror than Nigeria. This is the context in which CBN’s action should be viewed as both patriotic and humanitarian. By ordering all banks to close accounts of anyone who transacts in cryptocurrency, the CBN was being proactive to stave off further deepening of the spoofy cryptocurrency trade. The order contained in a circular to banks and other financial institutions, and signed by the Director of Banking Supervision, Bello Hassan, was with immediate effect. It simply prohibits dealing in cryptocurrency or facilitating payments for cryptocurrency exchanges. The statement reads inter alia: “Further to earlier regulatory directions on the subject, the bank hereby wishes to remind regulated institutions that dealing in cryptocurrencies or facilitating payments for cryptocurrency exchanges is prohibited. Since the CBN announcement, many Nigerians have voiced their sentiment for and against the policy. Some argue that

CBN, by its action, is dragging the nation backward. Some say the apex bank is constricting the economic space and denying the youths a new mode of employment and wealth creation. Yet, nobody considers the threat of cryptocurrency to our internal security. We must first have relatively bearable security situation before we can talk about economy and national development. We can no longer pretend about the insufferable state of insecurity in Nigeria. Terrorists in diverse guises have taken over. Strangely, they are no longer confined to the north east. They are everywhere, from south west through south-south to the south east and every part of the north. They are on the highways, in the forests. They attack worship centres, and every centre. Worst of it all is that they are well-armed and have made our gallant military men look like apprentices. Several times, we saw videos made by our serving military men, from foot-soldiers to senior officers, in which they openly lament their helplessness and lack of military hardware capacity to confront and obliterate the terrorists. This should bother all patriotic Nigerians. Videos made by the terrorists and arrogantly released for public consumption, showed how armed they are. They flaunt superior fire power. They have access to the very best and most sophisticated military hardware. This is troubling. We should ask the critical questions: who funds terror in Nigeria? Terrorism is not cheap. It requires big money, usually slush funds. It requires inter-continental movement of funds? Terrorists and their sponsors (arms suppliers, financiers and advisors) have a predilection for secrecy. The more secretive their operations, the brighter their chances of growing more cells and globalising their bloody trade. Studies and investigations conducted by several global anti-crime and anti-terror agencies have shown that digital currency has provided terror merchants a smarter way to trade in arms and fund their operation without trace.

Yes, cryptocurrency, on the surface presents us with some dainties including being a source of employment, but we must never succumb to its superficial allure to the detriment of our national security. By prohibiting cryptocurrency, CBN is only being proactive to save Nigeria and Nigerians from terrorists. The order will, among other things, stymie the movement of slush funds. Cryptocurrency has no value like the naira and the dollar but two end-to-end dealers can reach an understanding to pay and accept real money at an agreed rate. This makes it a real boost for crooks especially as it cannot be tracked. Nigerians should appreciate the CBN order in the context of national security. The nation is under terror siege. The auguries are not looking bright. Day by day, the terrorists wax bolder. They show off their latest military acquisitions including rocket launchers. How did they buy them? From whom? How were the payments made? A responsible financial regulator of a country under the weight of terrorism (Number three in the world) ought to take action to cut off supplies to the insurgents. CBN has acted responsibly. It will hurt some genuine investors but it’s the sacrifice we must make to safeguard our country. Digital currency is not as fanciful as it looks. Otherwise, all the nations of the earth would have merrily, with open arms, embraced it. The global cryptocurrencyhesitancy speaks to its surreal and uncanny nature. For now, CBN should sustain the prohibition. Within this period, it should understudy the policies of other nations that are beginning to work round the treacherous labyrinth of digital currency trade to exert some measure of regulation and monitoring. Any form of global fiscal transaction that cannot be monitored, tracked or regulated lends itself to abuse. That’s the fate of cryptocurrency. Ugbechie, a public policy analyst, wrote from Abuja

T H I S D AY ˾ ˜ Ͷ˜ 2021

EDITORIAL

FIGHTING GRAFT AND THE 2020 CPI The current ranking is another wake-up call

he recently released 2020 Transparency International (TI) Corruption Perception Index (CPI) which scored Nigeria 25 out of 100 points is another dent to a government that came to power with a pledge to fight corruption. Dropping three places and scoring lower points than in the 2019 CPI ranking—a composite index which draws upon a series of surveys in both the private and public sectors of any country—is an indication that corruption is perceived to have TO BE CONSISTENTLY worsened in the RATED LOW ON THE ANTI- country within the last one year. CORRUPTION WAR IN According to TI, ADDITION TO ALL CRITICAL Nigeria is now INDICES OF DEVELOPMENT ranked 149 out of 180 countries, IS A SAD REMINDER OF which is three WHAT WE HAVE LEFT steps lower than UNDONE its 146th position in 2019. With the present ranking, Nigeria is now the most corrupt country in West Africa, second only to Guinea-Bissau. The response of the federal government is predictable and kneejerk, with the usual denial and some outlandish claims that are not backed by verifiable facts. To be consistently rated low on the anti-corruption war in addition to all critical indices of development is a sad reminder of what we have left undone. What is certain here is that government, at all levels, has not got it right in terms of judicious allocation of resources for the benefit of the populace. There is therefore an urgent need for transparency and accountability not only in government but also in the private sector. In calling for a holistic approach in the efforts to combat corruption in Nigeria, participants at a seminar in Abuja last year identified a lack of institutional capacity in the anti-graft agencies and leadership deficiency. It was

Letters to the Editor

T H I S DAY EDITOR

DEPUTY EDITOR ˜ ˜ MANAGING DIRECTOR DEPUTY MANAGING DIRECTOR CHAIRMAN EDITORIAL BOARD

EDITOR NATION’S CAPITAL MANAGING EDITOR

T H I S DAY N E W S PA P E R S L I M I T E D EDITOR-IN-CHIEF/CHAIRMAN GROUP EXECUTIVE DIRECTORS ˜ ˜

˜ ˜

DIVISIONAL DIRECTORS ˜ ˜ DEPUTY DIVISIONAL DIRECTOR

SNR. ASSOCIATE DIRECTOR ASSOCIATE DIRECTORS ˜ CONTROLLERS ˜ ˜

DIRECTOR, PRINTING PRODUCTION HEAD, COMPUTER DEPARTMENT ̓ TO SEND EMAIL: ﬁrst name.surname@thisdaylive.com

TO OUR READERS Letters in response to speciﬁc publications in THISDAY should be brief (150-200 words) and straight to the point. Interested readers may send such letters along with their contact details to opinion@thisdaylive.com. We also welcome comments and opinions on topical local, national and international issues provided they are well-written and should also not be longer than (9501000 words). They should be sent to opinion@thisdaylive.com along with the email address and phone numbers of the writer.

THE EXTENSION OF IGP’S TENURE

he three months tenure extension of the Inspector General of Police (IGP), Mohammed Adamu after he has ceased to be a police officer in the eyes of the law has raised a dust whether President Muhammadu Buhari could differentiate between constitutional democracy and military regime. Buhari seems to have adopted the 1999 constitution, as amended, and other extant laws, as the remnants of the decrees under the military regime headed by him between 1983-1985 where laws were unilaterally promulgated, retroactively rescinded and selectively executed. An old dog can’t easily be taught a new trick. Buhari’s military training in the Armed Forces was “obey the last command.” He could also be helpless to get over the illusion of the unlimited powers he enjoyed during his 1983 iron fist regime due to old age. Unfortunately, his cabinet is not helping matters. Mohammed Adamu, an educator and welltrained police officer at the international level could have professionally and diplomatically prevented the current constitutional crisis behind the scenes. If Adamu had demonstrated utmost willingness to retire within the stipulated legal confine, he would have facilitated a standby successor alongside the Police Service Commission and the presi-

observed that the absence of credible data has made fighting corruption difficult in the country while both the domestic and international communities still perceive government efforts as slow, selective and grossly ineffective. In the course of the sessions, the roles of the executive, the legislature, judiciary and the media were dissected by the participants while the conclusion was that without all these critical stakeholders working together, it would be difficult to successfully tackle the menace of graft in the Nigerian system. Anti-corruption efforts, it was also agreed, should be driven more by institutions rather than personalities. Other conclusions were that there should be a national policy and comprehensive strategy based on accurate awareness of the strengths, weaknesses, opportunities and threats to fighting corruption within the Nigerian society. The approach, it was agreed, must also include taking the highest risk with potential to make the maximum impact by including prevention, education and enforcement. At the end, there was a consensus that in the efforts to rid the country of the stigma of corruption, a lot more remains to be done by the agencies saddled with the assignment. The federal government was urged to involve the people at the grassroots whose drive would further complement the efforts of the institutionalised agencies. Meanwhile, if there is any development that has badly stained this administration and exposed its hypocrisy in the so-called fight against corruption, it is in the manner it has effectively castrated the Economic and Financial Crimes Commission (EFCC). Months after a presidential panel which probed the suspended chairman, Ibrahim Magu, submitted its report, nothing had been done to redress whatever may be the problems at the agency whose leadership has now been occupied for more than five years in acting capacity. Rather than query the assessment of TI, these are some of the issues the federal government should begin to address if it is genuinely interested in fighting corruption.

dency couple of months ago. The extension of the IGP’s tenure on the ground of proper selection of a successor has clearly indicated that Buhari doesn’t take cognizance of the rule of law. And the high - profile Adamu exploited the weakness of the latter. If Adamu’s retirement met Buhari suddenly, would Adamu also claim ignorance of the years spent in active service? Adamu, who was enlisted into the Nigeria Police Force on February 1, 1986 has attained the mandatory 35 years in service which is one of the basic criteria for police retirement in accordance with the amended Police Act, 2020. Adamu is currently not a serving member of the Nigeria Police Force he presides over - a breach against the provisions in Sec 215(1)(a) of the 1999 Constitution and Sec 7(3) of the Police Act. Power is transient. The subjugation of Nigeria’s democratic institution under any guise would create a vacuum for unimaginable tyranny to any individuals. Adamu ought to have known better with his academic and professional credentials. Muhammadu Buhari - led administration would continue to commit constitutional aberrations until the intellectuals in his cabinet begin to act selflessly, progressively and lawfully. Binzak Azeez, Faculty of Law, Obafemi Awolowo University, Ile Ife

NOMADIC CONFLICTS: REVISIT THE RUGA POLICY

t is not an understatement to say cattle rearing business which is the major occupation of Fulani nomads in the country is being threatened by many factors. Constant clashes between farmers and herdsmen have resulted in the destruction of lives and crops. Until the discovery of oil in the early 1960’s and the subsequent relegation of agriculture as the mainstay of the Nigerian economy, Fulani herdsmen were at peace with the farming communities. In Northern Nigeria, the regional government ensured the establishment of grazing reserves and routes while the Fulani herdsmen paid taxes in return. In those days, conflicts between the nomads and farmers were minimal if it ever existed. However, the encroachment and taking over of grazing reserves and routes by farmers and land developers are prelude to the present chaos between farmers and herdsmen. In 1960, the population of Nigeria is roughly 35 million. Now, the population has hit 180 million. The population explosion has led to struggle for land both for food cultivation and shelter, leaving little for the pastoralists. Climate change resulted in drought

and desertification and has adversely affected the Lake Chad region which shrank by 75 percent and pushed Fulani to South-south in search of greener pastures. The transhuman movement of herdsmen has led to collision between sedentary farmers and nomads. Added to the woes is the absent of needed legislation that would resolve the age-long conflict between the warring parties. It is obvious open grazing is no longer acceptable globally. The ranching system has been adopted in many countries of the word and has proved effective. When the Federal Ministry of Agriculture and Rural Development came up with the idea of RUGA or cattle colony many Nigerians and conflict resolution experts commended the government’s bold initiative. If RUGA can be established as designed by the government, the Fulani herdsmen would be confined within a specific area with basic amenities such as schools, hospitals, banks, etc. The area will also experience adequate security. The proposed RUGA would tackle the rising cases of banditry and kidnapping bedevilling the country. Ibrahim Mustapha, Pambegua, Kaduna State

MONDAY FEBRUARY 8, 2021 •T H I S D AY

T H I S D AY ˾ MONDAY FEBRUARY 8, 2021

Group Politics Editor NSEOBONG OKON-EKONG

POLITICS

Email: nseobong.okonekong@thisdaylive.com 08114495324 SMS ONLY

M O N D AY D I S C O U R S E

Will the New Service Chiefs Stem the Tide of Bloodletting in Nigeria? Kingsley Nwezeh writes that the appointment of new service chiefs has renewed hopes for a renewed onslaught against insurgents, bandits and other criminal gangs whose despicable activities have shot issues of insecurity into a national emergency

ith the appointment of new service chiefs last week by President Muhammadu Buhari, all eyes are now on the new military helmsmen to deliver where their predecessors failed. The appointment of the new service chiefs, notably, Major General Lucky Irabor, Chief of Defence Staff (CDS), Major General Ibrahim Attahiru, Chief of Army Staff (COAS), Chief of the Air Staff (CAS), Air Vice Marshal Oladayo Amao and Chief of the Naval Staff (CNS), Rear Admiral Zubairu Gambo, was a culmination of strident calls by stakeholders for a change of strategy in a conflict, particularly against Boko Haram insurgents that has become a war of attrition.

Insurgency War/Banditry The insurgency war has been a tragedy of immense proportions. .A former governor of Borno State, Senator Kashim Shettima, once said that 100,000 or more people have been killed since the start of hostilities in the North-east in 2009. Statistics also show that 1000 security personnel were killed in the last 11 years while 3.7 million people are internally displaced according to the 2021 statistics of the Human Rights Watch. On the North-western flank, the United Nations Committee on Human Rights (UNCHR) said 30, 000 refugees fled the North-western part of the country to neighbouring Niger Republic in the last two months The report said the refugees were fleeing “growing insecurity and atrocities across North-western Nigeria, most of it at the hands of armed gangs that rob, loot, rape and kill.” Internal Security Operations/ Human Rights Abuses The involvement of the military in internal security operations, a task that constitutionally belongs to the Nigerian Police, has also raised concerns that the lean resources of the military have been stretched. Beside the allegations of killing of 150 members of the Indigenous Peoples of Biafra (IPOB) in the South-east some years ago, new allegations of rights abuse against the military have emerged. A research and human rights advocacy group, the International Society for Civil Liberties & Rule of Law (Intersociety) in its latest report alleged that after the recent killings in Obigbo, Rivers State, where 400 Obigbo residents were abducted by soldiers and transported to secret military dungeons in the North raises questions on the involvement of the military in internal peacekeeping. The group claimed that 52 of them were rescued in Niger State, three tortured to death while 150 languished in Abacha Barracks in Abuja. In addition to that, a report last week claimed that there was secret execution of six soldiers of South-east origin in Abuja which the army authorities denied. Intersociety further alleged that “one major attribute of the dreaded Decree 2 now being used clandestinely by the then Lt. Gen. Buratai-led Nigerian Army is the extrajudicial transfer and incarceration of citizens abducted by Army at prison facilities without recourse to court orders or remands. “In other words, citizens abducted by soldiers are now sent directly to prisons from military custodies on orders of the army high command. This is one of the dreaded features of the obnoxious Decree 2 now in clandestine practice in the country,” it said. The group further alleged that “the military

Battle ready Nigerian soldiers

Buhari

Magashi

Bensouda

authorities, too, now get some magistrates to sign detention orders for them outside the courtroom and due processes. “The above was the case in the case of the 52 rescued Obigbo residents and three others that

died in army captivity in Niger State as well as 150 others presently languishing without trial in army and spy police dungeons in Abuja. The human rights group further alleged that “corroboratively, Intersociety had back in

September 2020...received some independent reports that ‘dozens of citizens of Igbo Christian extraction were being held secretly and outside the law in places like Gusau Prisons located in Zamfara State. “They are defenseless and unarmed citizens vindictively arrested across various states in old Eastern and Mid Western Nigeria, labeled “IPOB terrorists” and secretly transferred to far away Zamfara State, etc where they are secretly being held without trial. The Lekki Toll Gate incident during the #EndSARS protests and the military involvement is still fresh in our memory.

Many senior military officers have pointed to a likely synergy amongst the military chiefs especially the fact that the Chief of Army Staff, Major General Ibrahim Attahiru and Chief the Air Staff, Air Vice Marshal Oladayo Amao, are members of Regular Course 35 and would not be disposed to policies that would lead to failure.The issue of operational disharmony as it affects the services in some military operations in the North-east affected the general output in the past. There were cases of ground troops calling for air support and the air force failing to do so. This was more pronounced at a time the former army and air force bosses were allegedly engaged in gritty ego battle on who should become the next chief of defence staff which never materialised. There is, however, a remarkable improvement in recent joint operations

The International Criminal Court (ICC)/ Arms Procurement The incessant complaints of abuse of human rights abuse by Nigerian soldiers championed by Amnesty International (AI), Human Rights Watch (HRW) and other Civil Society Organisations (CSOs) cannot be wished away even when military authorities have issued denials because they are a recurring decimal. The Chief Prosecutor of the International Criminal Court (ICC), Fatou Bensouda, said recently that she had enough evidence to open full investigation into continuing violence in Nigeria by Boko Haram fighters and security forces. The ICC boss said she would seek full investigations into possible war crimes and crimes against humanity committed in Nigeria. She maintained that her office recognised a

T H I S D AY ˾ MONDAY FEBRUARY 8, 2021

MONDAY DISCOURSE

Irabor

Amao

Gambo

Attahiru

major part of the crimes were attributable to non-state actors but also found a “reasonable basis” to believe that members of the Nigerian security forces had also committed crimes. According to her, the crimes include “murder, rape, torture and cruel treatment, as well as enforced disappearance and forcible transfer of the population and attacks directed at civilians.”

are members of Regular Course 35 and would not be disposed to policies that would lead to failure.

Army Headquarters. Whether that is accurate or not, an opportunity has now come to hold Shekau by the jugular and bring him to justice. President Idris Derby of Chad last year led his troops to kill 1000 insurgents of the Boko Haram hue. This was after they attacked and killed 98 Chadian soldiers in Bohoma military base. On completing the rout of the insurgents, President Derby had said that he had cleared the Chadian axis based on the multinational joint task force arrangement and urged Nigeria and Niger to finish off the insurgents in their territory. Abubakar Shekau felt the brutal pain inflicted on his fighters and took to lamentation, urging the remnants of his fighters to take heart.

“Let me on this note thank the former Chief of Defence Staff and the former service chiefs for their various contributions throughout their tenure in office. “Let me at this time invite every Nigerian to please join effort to support us and indeed members of the armed forces and other security agencies in ensuring that security returnS to every nook and cranny of our dear country,” he said.

The Challenge before Service Chiefs The former service chiefs during their handover ceremonies spoke glowingly of the capacity of their successors to steer their various commands. They expressed the hope that the new military helmsmen would take the military to the next level. The former Chief of Defence Staff, General Abayomi Olonisakin (rtd) said, “I am confident that General Irabor will lead the Armed Forces of Nigeria to build on what we have been able to achieve in the past five and half years and take the Armed Forces of Nigeria to much greater heights.” “It gladdens my heart that the incoming Chief of Defence Staff is very familiar with these security challenges having previously served as Theatre Commander, Operation Lafiya Dole, Commander Multinational Joint Task Force and above all, the immediate past Chief of Training and Operations at the Defence Headquarters. “There couldn’t have been a better choice of a seasoned senior officer who will hit the ground running as the Chief of Defence Staff,” he said. On his part, the former Army Chief, Lt. General Tukur Buratai (rtd) urged the new Army Chief to ensure that the Nigerian Army remained professionally responsive in the discharge of its constitutional duties. Buratai said that the army under his watch ensured support for democratic rule while urging his successor to ensure that the army continued to be loyal and professional. He also urged Attahiru to remember him for three things notably improved professionalism of the Nigerian army, improved responsiveness of the army in the area of training administration and logistics needs and responsiveness to Nigeria’s democratic imperatives. In his remarks during the handover ceremony, the former Chief of Naval Staff, Vice Admiral Ibok-Ete Ekwe Ibas, took a swipe at bad eggs in the Navy, who subvert the system at every opportunity. “I refer to all those who mindlessly subvert the system at every opportunity. Our experiences in their treachery of connivance with some criminal elements, complicity in crime commission, negligence performance of duty permitting aggravation of cases in some instances,” he said. “The disrepute to the institution of Nigerian Navy in their less than professional conduct through alleged unethical behaviour,” he said urging such personnel to turn a new leaf The new Chief of Defence Staff has already hit the ground running by directing other service chiefs after their inaugural meeting to proceed on a tour of the North-east where they met war commanders to ascertain the state of affairs in the theatres of war. Many senior military officers have pointed to a likely synergy amongst the military chiefs especially the fact that the Chief of Army Staff, Major General Ibrahim Attahiru and Chief the Air Staff, Air Vice Marshal Oladayo Amao,

Joint Operations The issue of operational disharmony as it affects the services in some military operations in the North-east affected the general output in the past. There were cases of ground troops calling for air support and the air force failing to do so. This was more pronounced at a time the former army and air force bosses were allegedly engaged in gritty ego battle on who should become the next chief of defence staff which never materialised. There is, however, a remarkable improvement in recent joint operations. Collusion with Insurgents, Criminals In war situations, the issues of sabotage cannot be ruled out. There have been alleged cases of troops approaching terrorist locations only to receive instruction to halt and continue after the insurgents must have escaped. The new Naval boss while delivering his mission and vision statement warned naval personnel against collusion with drug barons and traffickers, kidnappers and armed robbers. “The established policies and measures to sanction identified Nigerian Navy personnel that collude with economic saboteurs, drug traffickers/barons, bandits, kidnappers and armed robbers shall be overhauled and strengthened,” he said. Shekau and His Band of Terrorists One of the reasons adduced for the removal of the new army chief from his command as Commander, Operation Lafiya Dole under the former Army Chief, Lt General Tukur Buratai (rtd) was that he failed to meet the target to capture Boko Haram leader, Abubakar Shekau, dead or alive. Attahiru had argued that his removal was routine deployment that took him back to

Major General Lucky Irabor As the head of the Nigerian military, Major General Lucky Irabor is battle tested. Having commanded Operation Lafiya Dole, he understands the nature of the theatre of war and the welfare requirements of troops. Having commanded the Multi-national Joint Task Force, he is in a position to handle the sometimes testy relations with other coalition partners. He will understand the welfare demands of troops especially those who have stayed more than three years on the frontlines and are battle-weary and others with salary issues. Described by colleagues as a “no nonsense officer, who will take charge,” Major General Lucky Irabor is urged to clean the Augean stable and restore the image of the military noted for its exploits in Sierra Leone, Liberia, Gambia and other International peace keeping operations and more than anything else keep a clean human rights record to enable the country access weapons from western arms manufacturers. Irabor had thanked President Buhari for considering him fit for the appointment as CDS and pledged to hit the ground running.

The incessant complaints of abuse of human rights abuse by Nigerian soldiers championed by Amnesty International (AI), Human Rights Watch (HRW) and other Civil Society Organisations (CSOs) cannot be wished away even when military authorities have issued denials because they are a recurring decimal. The Chief Prosecutor of the International Criminal Court (ICC), Fatou Bensouda, said recently that she had enough evidence to open full investigation into continuing violence in Nigeria by Boko Haram fighters and security forces. The ICC boss said she would seek full investigations into possible war crimes and crimes against humanity committed in Nigeria. She maintained that her office recognised a major part of the crimes were attributable to non-state actors but also found a “reasonable basis” to believe that members of the Nigerian security forces had also committed crimes. According to her, the crimes include “murder, rape, torture and cruel treatment, as well as enforced disappearance and forcible transfer of the population and attacks directed at civilians

The Watchmen As new service chiefs have been appointed to watch the military, Nigerians are watching them. Even their appointment are closely observed by higher heavenly authorities. The Bible says in James 4:17:”Anyone, then, who knows the good he ought to do and doesn’t do it, sins.” Proﬁle of the New Service Chiefs Major General Leo Irabor (CDS) Major General Leo Irobor is from Agbor in Delta State, he was a member of the Regular Course 39 of the NDA. He served as a Commander Training and Doctrine Command (TRADOC) of the Nigerian Army, Minna. Major General Irabor also served as Chief of Training and Operations (CTOP) Defence Headquarters. He served as the Theatre Commander Operation Lafiya Dole and headed the Multi National Joint Task Force (MNJTF) as the Field Commander. General Irabor also served as the Chief of Staff to the Chief of Army Staff. He is a trained Engineer. Major General Ibrahim Attahiru (COAS) Major General Attahiru Ibrahim until his appointment as the Chief of Army Staff, was the General Officer Commanding 82 Division, Nigerian Army. He was appointed to lead the offensive against Boko Haram in the North-East in May 2017. He was however redeployed by the then Chief of Army Staff, Lieutenant General Tukur Buratai after a string of attacks by the insurgents, including failure after he was given a deadline in July to deliver Boko Haram leader Abubakar Shekau dead or alive within 40 days. But Attahiru claimed in his valedictory speech as Theatre Commander that his removal was routine and not as a result of failure to fulfil his mandate. “Permit me to seize this opportunity to clear the air on certain insinuations that had arisen following my posting. May I point out here that such insinuations being touted by a cross section of the media are far from the truth, misleading and capable of eroding the successes so far achieved in the fight against insurgency in the North-east. “It could also send a wrong signal and precipitate disaffection among troops of the Nigerian Army and indeed the Theatre of Operation. My redeployment to Army Headquarters is a routine posting premised on needs assessment and is a normal exercise in the Nigerian Army. It is a call to higher responsibility and I assure you of my resolve to serve the Nigerian Army and the nation even better in that new capacity. NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

T H I S D AY ˾ MONDAY FEBRUARY 8, 2021

POLITICS

New Membership Drive Further Polarizes APC Adedayo Akinwale writes that the ongoing registration and revalidation exercise of the All Progressives Congress has further polarized the power blocs within the ruling party, with the Senator Bola Tinubu’s camp coming out forcefully to condemn the exercise

Buni

Tinubu

Akande

Faleke

may be, what about the timing of the exercise? With due respect Sir, it is my considered opinion that the timing is not appropriate at this time, especially given the renewed surge in the spread of COVID as it is being reported on a daily basis by the Presidential Task Force. “Our Government has for some time given directives to the religious bodies to reduce congressional attendance at both churches and mosques. So many states have cancelled social gatherings. Others are compelling the use of face masks to reduce the rate of infection and fatalities. So why must we go into an exercise that will certainly draw large crowds across the various states? “The stage is set for the exercise and I must confess that I’m personally impressed with the preparations and logistics put in place for the exercise. I have no doubt in my mind that it will be a resounding success for us and will be a springboard for achieving one strong, united party.” Faleke was of the opinion that the situation in the country occasioned by the Coronavirus pandemic compelled him to have a rethink on the desirability of continuing with the exercise as planned. “Mr. Chairman, I’m strongly of the opinion that this exercise should be postponed till a more appropriate time. Personally, I believe this will not only shore up the image of our great party but will also save the lives of Nigerians.” However, despite opposition from power blocs perceived to be loyal to Tinubu, the membership registration/revalidation got

underway last week Saturday with President Buhari assuring party members that endorsement of aspirants at the local or state level would no longer come from Abuja. Buhari after completing his party membership revalidation exercise in Daura, Kastina State said politicians would no longer be endorsed from Abuja. “No more crowning from Abuja downward. Let the people know this and appreciate it that they are in charge of their constituencies and they are in charge of the party, “Without any incentive, they must come out and defend the party at any level so that we, you and the party will feel secure and comfortable because the old time of putting hands in the pocket is over because the money is no longer available,” the President said.

with Abdullahi Samari two weeks ago. The development was a fallout of a supremacy battle between Governor AbdulRahman AbdulRazaq and a group of party leaders led by the Minister of Information and Culture, Lai Mohammed and Minister of State for Transportation, Senator Gbemisola Saraki. The national leadership of the party asked North-central leaders of the party to intervene, but the political waters in the State remains unsettled.

hen the National Caretaker and Extraordinary Convention Committee of the All Progressives Congress (APC) led by the Governor of Yobe State, Mai Mala Buni sought tenure extension in December, last year from the National Executive Committee (NEC), it was basically for it to conduct membership registration and revalidation exercise, which was hitherto not part of the mandate of the committee when it was initially inaugurated. The Caretaker committee came into being on June 25, 2020 following the sack of Adams Oshiomhole-led National Working Committee (NWC) and was given six months to conduct National Convention for the party and also reconcile aggrieved party members. Even though the constitution of the Caretaker committee was in contravention of the party’s constitution, but for the respect for President Muhammadu Buhari, the decision to install the Caretaker committee stood. Also, the need to arrest the leadership tussle within the ruling party which was already threatening its existence the Caretaker committee became inevitable. However, towards the expiration of the first six months last December, the committee sought another six months to conduct revaluation and registration exercise, as well as conduct the national convention. The request was granted by the NEC of the party and the committee’s tenure was extended. The tenure extension was wholly supported by the APC governors. Political analysts believe that the move was to ensure that the governors tighten their grip on the party structure and to whittle down the influence of the National Leader of the party, Senator Bola Ahmed Tinubu. Tinubu camps calls for cancellation of exercise Few days before the commencement of the exercise, a member representing Ikeja Federal Constituency in the House of Representatives, Hon. James Faleke, in an open letter to Buni expressed concern over the exercise. Faleke, who is a Tinubu loyalist said while the effort to update the party’s register was laudable, he expressed worry over the timing. He said: “The prevailing pandemic situation in Nigeria and the fact of being a COVID-19 survivor have compelled me to write this letter to you as a loyal and committed party member and a patriotic Nigerian. I want to state categorically here that the contents of this letter are my personal opinions based on personal experience, interaction with people and observation of events happening around us daily. “Personally, I felt the decision to revalidate and conduct new registration of members is a laudable and commendable one. As we move towards another general election in 2023, the need to update our membership register could not have come at a more opportune period. “However, laudable as the registration plan

The Kwara Debacle While the exercise was peaceful in Kastina, it was a free-for-all in Kwara State when supporters of rival APC factions clashed at a meeting called ahead of the exercise. The violence erupted at the Banquet Hall of Government House where a meeting was being held ahead of the registration exercise. The APC registration and revalidation committee called the meeting to ensure a smooth registration exercise amid the protracted crisis in the party in Kwara State which worsened after the removal of Bashir Bolarinwa as the party chairman. Bolarinwa was removed by the national caretaker committee of the party and replaced

A former Interim National Chairman of the party, Chief Bisi Akande, described the ongoing exercise as an indefensible aberration leading to certain ugly perceptions. Akande said this during the commencement of the registration and revalidation exercise of the party in his hometown, Ila Orangun, Osun state. He also declared the National Caretaker and Extraordinary Convention Committee led by Buni as an abnormality. To this end, the party chieftain warned the committee to resist all temptations of sit-tight syndromes that usually characterized most handpicked authorities in parts of the underdeveloped countries of the world. Akande emphasised that the political party register, as distinct from population census or voters register, is supposed to include the list of opinion leaders with a particular ideological orientation, saying he felt humbled to have been honoured with a singular privilege of presiding over the creation of the original register of the ruling party

More ﬁreworks from Tinubu’s camp In spite of the fact that the Action Congress of Nigeria (ACN) bloc of the APC is no longer calling the shots in the party as they have been schemed out, Tinubu’s camp drew the battle line when a former Interim National Chairman of the party, Chief Bisi Akande, described the ongoing exercise as an indefensible aberration leading to certain ugly perceptions. Akande said this during the commencement of the registration and revalidation exercise of the party in his hometown, Ila Orangun, Osun state. He also declared the National Caretaker and Extraordinary Convention Committee led by Buni as an abnormality. To this end, the party chieftain warned the committee to resist all temptations of sit-tight syndromes that usually characterized most handpicked authorities in parts of the underdeveloped countries of the world. Akande emphasised that the political party register, as distinct from population census or voters register, is supposed to include the list of opinion leaders with a particular ideological orientation, saying he felt humbled to have been honoured with a singular privilege of presiding over the creation of the original register of the ruling party. He stressed that he was also proud and happy that the original party register so created was the foundation of all the structures that stimulated the movement and pushed the “inept and corrupt” Peoples Democratic Party (PDP) out of power. The former Osun state governor warned that the next national election that would elect a successor to President Buhari is going to be the most important test of the ongoing APC membership registration and whatever structure is being envisaged to be imposed on it. Akande stated: “The first is that, in normal circumstances, a Caretaker Executive Committee for a political party is an abnormality. If not carefully controlled and expeditiously managed, most aberrant authorities end up in contempt and disgrace. “For this reason, I want to urge the present APC Caretaker Executive Committee to resist all temptations of sit-tight syndromes that usually characterized most handpicked authorities in most underdeveloped countries of the world. NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

T H I S D AY ˾ Ͷ, 2021

FEATURES

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

Localising Disaster Management In emergency response, localising disaster management has been a time-proven process that entails use of local responders embedded in communities, thereby ensuring faster response and in essence saving more lives and alleviating the suffering of victims. Keying into this, the South-west Zone of the National Emergency Management Agency has kicked off series of trainings for such local actors, writes Chiemelie Ezeobi

Participants at the Frontline Disaster Management training in Lagos

ne of the challenges emergency responders always face is getting to the scene of any incident in record time. This is not anyway limited to only state emergency responders, as the federal body also battles this anomaly as the issue of timeliness and accessibility have been an impediment, especially for emergency workers. In each emergency, responders- whether primary or secondary, there are phases of its management and they include mitigation, preparedness, response and recovery. But one common factor that binds them all is- localising the management of the disaster. In most cases, when emergency response is localised, the government acts as a buffer in such humanitarian crises but the local actors kick off response. This is because, when disaster strikes, local actors are often the first to respond before the emergency responders arrive. Essentially, localising disaster management is the process of recognising and strengthening the leadership and the capacity of local civil society in humanitarian action, in order to better address the needs of people and to prepare local actors for any future disaster or humanitarian responses. According to experts, the importance of identifying local actors in each community cannot be overemphasised, one of which is that it ensures faster response, in essence saving more lives and alleviating the suffering of victims. Another important factor is that such local actors are embedded within their communities and have the capacity to respond to the crises before the large scale intervention from emergency responders arrives. Also, given the wide range of acceptance by community members, it gives them better access to tackling disaster scenes. NEMA’s Role in Disaster Manage-

First Aid simulations

ment Expectedly, each incident that happens always bring to the fore the need for speedy response from all emergency responders involved, especially the National Emergency Management Agency (NEMA), which is the parent body of all state and local level emergency agencies. Thus, one of the issues always raised at emergency forums have always been on how NEMA and its state counterparts can efficiently overcome its usual search and rescue challenges that bedeviled it in the past. This is because the vision of the agency is building a culture of preparedness, prevention, response and community resilience to disaster in Nigeria; bearing in mind the critical aspect of

its mandate. It was in line with fulfilling the agency's mandate that the Director General of NEMA, AVM Muhammadu Muhammed (Rtd), kickstarted several processes to ensure a holistic approach to emergency response, including training and re-training of staff, which in the long run has energised and boosted the morale of staff, and has reflected in the prompt responses to disasters since his assumption of office. This specialised training of NEMA staff and stakeholders in various modern day techniques on disaster management is the first in the last six years, Also, the life savings First Aid recertification which has been due since 2014 has

been conducted. In Lagos, about 20 police officers from Disaster Management Unit, officers of Federal Fire Service, FAAN, LASEMA and FRSC are also being trained in the current phase while the next phase will include other critical stakeholders. Localising Disaster Management As part of measures to localise disaster management, the South-west NEMA Zonal office in Lagos recently held a training for local responders. Tagged Training of Grassroot Emergency Volunteer Corps (GEVC), the gathering was organised by NEMA South-west Zonal Coordinator, Ibrahim Farinloye. After the welcome address by Farinloye, the fire service did a physical demonstra-

T H I S D AY ˾ Ͷ, 2021

FEATURES

The DG of NEMA, Air Vice Marshal Muhammadu Muhammad (Rtd.)

Another First Aid simulations

tion on fire prevention and management, while the Ministry of Health educated on personal health and hygiene; the Red Cross taught Basic First Aid; and SAR handled casualty handling. Afterwards in an interview with Farinloye, he said the essence of the series of training was because “there has been issues for the need for proactive disaster management and Nigeria has not imbibed that culture. But the current DG insisted that instead of us waiting for such disaster, we need to be adequately prepared to mitigate it. Also note that the United Nations has mandated all member states to embark on proactive measures. “The first step is to mobilise local resources. These are the people who live in a community and know the challenges they are facing so they can easily find the risk. When they know these risks, it’s easier to mitigate it. When mobilised, we have to find out the risk, the traditional methods they have been employing and when we get these traditional methods, we will now imbibe the traditional methods in the modern method; equip and then empower them with all other materials. “Like today, we are giving them a lot of things. This set mostly is from Mushin, Idi-Araba axis. They have problems of flooding and fire. Why do they have problems of flooding from Surulere, Oshodi? All the rain water from these sources goes through Idi-Araba Mushin and they have serious flooding usually. From that axis, it goes down down to Apapa, Ijora Badia. Most of the houses in Ijora Badia are submerged because of rainfall. We are trying to tackle the problem of Ijora Badia, Apapa axis from Mushin. We have been there. That was where we flagged off the flooding campaign. We have trained about 40 of Mushin people two weeks ago. Now, another 56 are being trained. The next set will be Oshodi and the Surulere axis. We intervene in those places with relief materials. “These set are mainly to act as our agents of disaster management at the grassroot. The bottom up, before it gets to councillorship level, they have to handle it. Each of the tiers of local government has a responsibility in disaster management. So if one or two tiers are not doing the rightful thing, if the grassroot people are doing it, it will bridge a gap, then later local and state governments can bridge it. The cry of the DG is that we should imbibe disaster risk reduction. If you notice in Lagos, we have lesser disaster. When you have that disaster at all, you will see lesser casualty.” On why residents resist help of emergency responders, Farinloye posted that with the emergence of grassroot emergency responders, that would be tackled because such local actors are known people in the community. “These ones are just the point persons for their communities. They will go into their wards, to streets, and mobilise people within these areas. When the responders get there, they will be the ones to help, but not to attack. It's a double sword

NEMA South-west Zonal Coordinator, Ibrahim Farinloye (sixth left) with other emergency responders

not necessarily for when disaster occur. When disaster occurs, they are going to prevent disaster. The effect of their roles mitigate, allow, corporate and assist responders. “Most times when we get there during fire incidents, they know the whereabouts of fire hydrants and other key areas in their communities. It's one of the things we are teaching them. They usually get there before us and once we are alerted, we open a channel of communication with them while we are on our way. “As part of measures in localising disaster management, we are providing first aid boxes. If there is a crash, the training they received is on how they can help instead of sending people to their early graves. With what they learnt, they can assist as a first aider to sustain that person until professional responders get there to rescue that person. Already, we have mobilised the trained ones, about 150 of them from Otedola bridge to Shagamu.” Farinloye noted that the training is not only limited to fire, accidents or buildings disasters but also on steps to take in security issues. Citing the Mushin situation he said: “Like in Mushin, they have got eight secondary schools we will train. Like last year, they had four cases of kidnap of children from schools. This year, two children are still lost from Mushin. They were the ones that informed us of their situation when they came for training. We are working together, and we are empowering them. At a stage, the Red Cross will hands off. We are going to continue so that they can handle and train people on their own across the entire local government in Lagos.” Frontline Disaster Management Not limited to raising local actors as emergency vanguards, NEMA South-west Zonal office in collaboration with Nigeria

Red Cross Society recently trained frontline disaster management officers. The scope of the training covered principles of DR ABCD Recovery position, Non-breathing casualty (CPR/ AED, choking), management of blood loss, management of burns, causes of unconsciousness, treatment of fractures (upper and lower body), scenario work on fracture, dislocation,sprain and strain, transportation of casualty. Agencies that participated in the training are National Emergency Management Agency, Disaster Management unit, Lagos State Police command, Federal Fire Services, NEMA Grassroot Emergency Volunteers, Federal Airports Authority of Nigeria, Lagos State Emergency Management Agency, Federal Road Safety Corps. According to Farinloye, the DG of NEMA, Air Vice Marshal Muhammadu Muhammad (Rtd.) observed some gaps within NEMA personnel and other stakeholders and deemed it fit that collaboration and ensuring personal safety of all the emergency responders is important as well as complying with the COVID- 19 protocols while they are trying to help victims. Stating that the training was based on basic first aid certification and update, he added that it was necessary because emergency responders need to comply with the COVID-19 protocol while trying to help resuscitate a victim. “It was also meant to close the gaps between the emergency responders and people related to the victims while they are trying to give first aid to victims.” “The multi-stakeholders training was necessary especially in Lagos State considering the occurrence of multiple incident of emergency outbreak and the fact that more personnel are needed to handle each incident simultaneously.“ Also, the Zonal Coordinator Lagos West office LASEMA, Mr Bisiriyu Kabiru,

mentioned that as emergency responders, the training brought them up to speed on how to apply the COVID-19 protocols while trying to safe lives and properties. Stating that one of the major challenges they face as emergency responders is the overwhelming attitude of crowd at the scene of the event, he urged the general public to allow immediate and free access to the professionals once they arrive the scene so they can manage the situation, save more lives and manage sustainability. FRSC Staff Officer Operations, RC Edward.O. Dixon appreciated NEMA for organising this multi-stakeholders training which will inturn make their work easier as regards to management of crowds and how to attend to victims when there is an incident. Deputy PRO of Federal Fire Services, Lagos Command, Adebiyi Adekemi, stated that the training gave them opportunity to unlearn and relearn on how to tackle emergency in the area of first aid to victims while applying the COVID-19 protocol. She urged other agencies to emulate NEMA and organise more of this training inorder to build synergy among the emergency responders. W/CSP Opadola.O. Elizabeth, officer in charge of Disaster Management Unit, Lagos State Police command appreciated NEMA for organising the training as it is essential for emergency responders as they collaborate to fight one common goal which is to make sure victims are out of danger, protect people's property and make sure the environment is safe for people to live in. She urged her officers to use the training resources learnt because it is expected that when they get to the scene of disasters, they use all the trainings they have gathered to assist in resusticating victims and prevent them from losing their lives.

MONDAY FEBRUARY 8, 2021 •T H I S D AY

T H I S D AY ˾ Ͷ˜ 2021

BUSINESSWORLD

Group Business Editor Obinna Chima

Email obinna.chima@thisdaylive.com 08152447875

ͳ ˜ Ͱ ͮ Ͱ ͯ MONEY MARKET OVERNIGHT OBB

REPO 18 17.50

CALL 1-MONTH 3-MONTH

14 14 14.50

S & P INDEX INDEX LEVEL 1-DAY MONTH-TO-DATE

601.30% 0.05% 0.85%

S & P INDEX 1/4 TO DATE YEAR TO DATE

- 10.29% - 10.29%

EXCHANGE RATE N379/1US DOLLAR* ̩

Quick Takes CWG Posts N11.8bn Revenue

NEW INVESTMENT OPPORTUNTIES

L-R: Founding Partner Banwo & Ighodalo, Asue Ighodalo; Managing Director, Emerging Africa Asset Management Limited (EAAML), Ada Ijara; Chairman, EAAML, Toyin Sanni, and Lead Partner, Detail Commercial Solicitors, Ayuli Jemide, at the official launch of EAAML’s mutual funds in Lagos recently

CBN Seeks to Lure Portfolio Investors with Higher Yields Obinna Chima Indications have emerged that the Central Bank of Nigeria (CBN) could be considering wooing foreign portfolio investors (FPIs) back into the fixed income market with higher yields. The move is also expected to improve the country’s forex liquidity. Standard Bank revealed this in its latest report obtained at the weekend. According to the report, should the recent adjustments to over-the-counter (OTC) futures and open market operations (OMO) yields occur, “the CBN seems to be considering attracting FPIs again.” Last week, the FMDQ OTC futures prices were adjusted higher by an average of N9.81 on the short-end and N14.16 on the long-end of the curve. According to the report, “such

ECONOMY a big move typically connotes an imminent depreciation of the dollar/naira pair.” While noting that although the NAFEX fix was inching higher gradually, it stated that the expectation was that the move higher may be signaled by the next CBN forex intervention rate at the investors and exporters’ forex market, “which will likely be above the 400 levels.” Similarly, it pointed out that the closing OMO auction rates surged by an average of 467 basis points at last Thursday’s auction, with the 12-month paper closing at 10.10 per cent. That was the first time the rate reached double digits since April 2020. “In our January African Markets Revealed report, we argued that Nigeria could suffer ongoing idiosyncratic factors, notably the persistent forex

liquidity dearth of the past nine months. “FPIs have largely absent from the Nigerian fixed income market over the better part of the last year due to varying factors such as forex illiquidity conditions, very low interest rates and the perceived overvaluation of the dollar/naira,” it explained. This, it stated, was in sharp contrast to the seemingly overwhelming support FPIs have given to African peers like Egypt and Ghana during this period in part, due to improving global risk conditions, a convertible exchange rate and relatively higher yields. FPI inflows to the investors and exporters’ forex market were $12.44 billion and $15.77 billion in 2018 and 2019 respectively. “In 2020, the figure was a meagre $3.79bn, underscoring the significantly reduced liquidity in the FX market last year. “Should the CBN decide to

shun FPIs for a prolonged period, the FX liquidity gaps will remain apparent, particularly if the CBN continues to keep a tight leash on foreign reserves. “This scenario will sure have an impact on the growth dynamics in the short term, which may well stall the expected economic recovery over the coming year. “We estimate Nigeria’s current account deficit at about $14 billion in 2021,” it stated. Furthermore, it revealed that at the January Monetary Policy Committee (MPC) meeting, the CBN was contemplating other sources to improve FX liquidity, noting that export proceeds and diaspora remittances were top of the list. The CBN late last year amended its policy on diaspora remittances to allow recipients of the same to receive dollar, as opposed to previously where Continued on page 24

Stock Market Sheds N368bn as Investors Take Profit Emma Okonji The Carnegie Endowment for International Peace in partnership with the Foreign, Commonwealth and Development Office (FCDO), recently launched a research report carried out on UK private schools, which exposes the risks in financial transactions to UK schools from Nigeria and other West African countries. The report, titled: “West African Elites’ Spending on UK Schools and Universities: A Closer Look,” was commissioned by the UK government. The report put illicit finance flows into the UK private education system from West Africa at about £30 million in fees alone, adding that most of the funds emanated from

CAPITAL MARKET Nigeria, given the country’s size and long tradition of families sending their children to UK private boarding schools and universities, and to a lesser extent Ghana. The estimated amount was calculated using recent school and university census data, average school and university fees for the 2019/2020 academic year and the more speculative estimate that 5 per cent of university students and 30 per cent of private boarding school students from countries of West Africa have financial links to politically exposed persons (PEPs). Although the report noted that the overwhelming majority

of Nigerian students in the UK pose no corruption risk and their families do not possess unexplained wealth, it however said: “Many institutions are popular destinations for the children of politically exposed persons from Nigeria, including some who channel unexplained wealth into the UK education sector.” One of the reports key findings was that many Nigerian graduates of UK schools and universities are children of PEPs who had been convicted of corruption-related offences or had assets confiscated by UK courts. According to the report, recognising the risk illicit financial flows from Nigeria and other parts of the world poses to the UK and its educational sector,

UK educational institutions were beginning to incorporate anti-corruption guardrails into their practice. For example, the Independent Schools Bursars Association and Independent Schools Council are fully engaged with the NCA/JMLIT report and have committed to preventing proceeds of crime from entering the UK and preserving the reputation of UK independent schools. Equally, UK Government agencies are committed to implementing policies to effectively combat illicit financial flows into the UK, it stated. In response to the report, British High Commissioner to Nigeria, Catriona Laing stated: Continued on page 24

CWGPlc,oneofNigeria’sleadinginformationandcommunicationtechnology solutions and service providers has recorded a profit after tax (PAT) of N487 million in its 2020 result, representing an increase of 570 per cent when compared to N72.7 million posted in 2019. In its unaudited financial statement for the period ended December 2020, the system integration company in Nigeria, also recorded a revenue of N11.8 billion and gross profit of N2.6 billion, representing an increase of 23.4 per cent and 13.9 per cent per cent respectively compared with N9.566 billion and N2.325billionin2019. Otherkeyhighlightsofthe2020financialstatement show decline in operating expenses by 24.4 per cent to N1.8 billion. The company’s earnings before interest, tax, depreciation and amortization (EBITDA), Earnings before interest and tax (EBIT) and profit before tax (PBT) stood at N888 million, N636 million and N546 million in that order. Market analysts have said the growth in revenue was connected to the company’s resilience amid the Covid-19 pandemic, where it continued to churn out innovative solutions and invest in rewarding partnerships.

AfDB, FAO, South Sudan Seal Deal

The African Development Bank (AfDB) has signed protocols to disburse a $14 million grant to the Government of South Sudan to boost agricultural markets in a project to be implemented by the UN’s Food and Agriculture Organisation (FAO). TheAgriculturalMarkets,ValueAdditionandTradeDevelopment(AMVAT) project aims to enhance agricultural productivity and boost the marketing and trade of agricultural products in South Sudan. The project will be implemented by the FAO in close liaison with the Ministry of Agriculture and Food Security. The ﬁve-year project will help increase the productivity and incomes of almost 20,000 farming families in Central and Eastern Equatoria and Jonglei states, most of whom are formerly internally displaced persons who have now returned to their homes. The project will create aggregation business opportunities for farmers and traders, including women and youth, and provide them with new skills and the agro-processing equipment they need to produce competitive products. Twenty aggregation business centers will serve as ‘one-stop shops’ where farmers can access extension services and connect to markets for their value-added products.

Wema Bank Introduces ‘945’ Promo

WemaBanksaiditissettomakethisseasonofloveaseventfulaspossible for its customers and members of its social media community. “Withanoutlineofactivitiespepperedwithgiveawaysofallsorts,including goody bags, airtime and even data bonuses,Wema Bank is indeed poised to bringing the spirit of love, good cheer and fun to all, especially in this season,” the bank stated in a statement. The bank said its two-week long love campaign on social media had been , slatedforFebruary5thto 18th,2021,wouldbegearedtowardsencouraging new and existing customers to transact and pay bills with the *945# codes, saying such actions would be rewarded with prizes. “Knowledge of the different *945# string codes, wit and creativity in developing loved-themed messages and videos around the codes and even fastest-finger-first type quizzes amongst other activities will be featured during the 14-day campaign run,” it added. Speaking towards the kick off of the event,Wema Bank’s Head, Brand and MarketingCommunications,FunmilayoFalolasaid:“The*945#stingcodes represent the ease and simplicity of banking that we offer our customers.

Renault, Stellantis Cut Production

RenaultandStellantisarebothsuspendingcarproductionatseveralfactories as they grapple with a worldwide shortage of crucial semiconductors, the companies said on Friday. Carmakers around the world have been hit by the shortage of chips used in engine management and driver-assistance systems, which mainly come from Asia and especially Taiwan, Reuters stated. The COVID-19 crisis has driven up demand for chips used in electronics such as laptops and phones and manufacturers are struggling to keep up, with some Chinese suppliers also hit by U.S. sanctions by the former Trump administration.

“Our tax regime in this country makes it difficult for anybody, public, private or public private partnership to be able to successfully operate a shipping line. Our tax regime makes it difficult” Chairman/CEO of Starzs Investments Company Limited,

Greg Ogbeifun

T H I S D AY ˾ Ͷ˜ 2021

BUSINESSWORLD CBN SEEKS TO LURE PORTFOLIO INVESTORS WITH HIGHER YIELDS conversion to naira was done at a CBN predeterminto ed rate. Total direct remittances rose to a high of $19 billion in 2019, but fell shy of $5 billion in the first nine months to September 2020. “A sustained rise in international prices could prove supportive for foreign reserves accretion this year. “The government could also be looking to the tap the Eurobond market this year, also providing some support. The government plans N2.34 ($6bn) in external borrowing, as per the 2021 budget. “The recent surge in the OMO yields could support our bias for a further uptrend in local bond yields, largely based on market sentiment. “Domestic market participants and government over the coming months will likely remain embattled given the government’s desire for rates to remain lower for longer. “Of course, the readiness of the CBN to keep monetising the government’s fiscal deficit could dull the uptrend over the coming months,” it stated. STOCK MARKET SHEDS N368BN AS INVESTORS TAKE PROFIT

“Tackling illicit corruption in Nigeria is critical to the country’s prosperity and security, and to addressing poverty and inequality. “The UK is working in partnership with Nigeria to tackle corruption and illicit finance and has excellent relationships with Nigerian agencies and civil society who are fighting corruption. “The UK has a zero-tolerance approach to corruption and remains committed to tackling it wherever it happens, including in the United Kingdom (UK) education system. “The UK Government commissioned the Carnegie report in order to better understand the risk to the UK from illicit finance in West Africa. We will now consider the reports finding and take a view on what if any further action is required.”

NEWS

SEC Releases Rule on Registration for Nominee Function Goddy Egene

Capital Market Editor

Goddy Egene

Comms/e-Business Editor

Emma Okonji

Senior Correspondent

Raheem Akingbolu (Advertising) Correspondents

Chinedu Eze (Aviation) Eromosele Abiodun (Maritime) James Emejo (Finance) Ebere Nwoji (Insurance) Chineme Okafor (Energy) Emmanuel Addeh (Energy) Reporters

Nume Ekeghe (Money Market) Nosa Alekhuogie (ICT) Peter Uzoho (Energy)

effectively discharge its functions. In terms of code of conduct, SEC stated that a nominee company shall abide by the Code of Conduct for capital market operators and their employees as set out in the Commission’s Rules and Regulations. In addition, it stated that any person registered by the commission as nominee shall not carry out any business except the business of nominee prescribed in these rules; not

invest in securities; and have a robust risk management procedure and mechanism for compliance with anti-money laundering/ combating financing of terrorism (AML/CFT) regulations of its parent company. In the case of merger/acquisition, they are required to notify the clients, who shall reserve the right to appoint another Nominee company or elect to remain with the new entity. “Within 24 hours,

in the event that its registration is suspended /revoked, notify all its clients including custodians of the suspension/revocation and their obligation to appoint another nominee company within 90 days from the effective date of suspension/revocation. “Where any client fails to appoint another Nominee, the Commission shall appoint another Nominee to take-over custody of the assets.

The Securities and Exchange Commission (SEC) has released new rules for firms operating as nominees. The new rules require all persons not registered by the commission as custodians, carrying on the business of nominee and holding securities including equities, money market and fixed income securities, derivatives, among others, except pension assets, on behalf of actual owners to apply for registration. According to the rules, the business of the nominee shall be to take title of property, money or securities in trust for and on behalf of clients as nominee for, or representative of such clients, to hold and deal with such property, money or securities strictly in accordance with any directions given by the respective clients from time to time to the nominee company. The rule also stipulates that a nominee shall not engage in any business or activity except the business of nominee companies described above. A nominee is a company formed by a bank or other financial institution for the purpose of holding securities and other assets and administering them on behalf of the actual owners under the terms of a custodial or nominee agreement. L-R: Regional Manager, Unity Bank Plc, Mr Michael Akerele; Star Prize winner, Unity Bank Corpreneurship Challenge, Evelyn Esumai; State Coordinator, The rule prescribes that a NationalYouth Service Corps (NYSC) FCT, HajiyaWahil Isa; and Garki Area 3, Unity Bank Plc Branch Manager, Mr Idris Usman, during the CORPRENEUSHIP Nominee company shall have challengefor2021BatchBcorpmembersattheKubwaOrientationCampinAbuja...recently

PROMOTINGENTREPRENEURSHIP

Aig-Imoukhuede’s Institute Partners University of Oxford on AIG Public Leaders Programme The Africa Initiative for Governance (AIG) and the Aig-Imoukhuede Institute are pleased to announce the commencement of its AIG Public Leaders Programme in partnership with the University of Oxford’s Blavatnik School of Government. The AIG Public Leaders Programme affords 50 high potential men and women working in the Nigerian public service a once in a lifetime opportunity to participate in a seven-week world-class leadership programme, run by an accomplished faculty of expert facilitators and teachers from the University of Oxford. According to a statement, through blended classes hosted

online and in Abuja, programme participants would acquire a range of vital leadership skills, conceptual frameworks and practical tools that would empower them to be more effective as they lead their departments and organisation through the challenges of an increasingly complex and dynamic world. Introducing the programme, the Founder and Chairman of the Aig-Imoukhuede Institute, Mr. Aigboje Aig-Imoukhuede said: “As part of our objectives to drive public sector transformation, we have been working with the Office of the Head of the Civil Service of the Federation (OHCSF) to build capacity in the Nigerian public sector.

“Accordingly, we have leveraged our long-standing relationship with one of the world’s leading schools of government, the University of Oxford’s Blavatnik School of Government and are bringing their expertise to Nigeria so they can impart vital skills and knowledge to our next generation of public sector leaders. “We are pleased to offer 50 academic scholarships worth 11,500 GBP per participant for all Nigerian public servants who are successful in the application process.” Also commenting on the programme, the Dean of the Blavatnik School of Government, Prof. Ngaire Woods, stated: “We

are delighted to extend our longstanding partnership with the Africa Initiative for Governance by bringing our Public Leaders Programme to Nigeria. “We design our executive programmes for public leaders so that participants learn from world-renowned scholars, outstanding practitioners, and one another; we also take into account the current context for public sector leadership – in 2021, this means supporting heads of public organisations in renewing their leadership for the post-pandemic world.” Also, the Head of the Civil Service of the Federation, Dr. Folasade Yemi-Esan, said she was excited that AIG in partnership

with the University of Oxford, was offering the unique opportunity for Nigerian public servants to participate in the programme. “We look forward to the positive impact that it will have on the overall performance of the public sector,” she added. According to the statement, entry to the AIG Public Leaders Programme is very competitive, and the final admission decision rests with the University of Oxford’s Blavatnik School of Government. It revealed that applications would close on March 18, 2021, just as it urged interested applicants to visit the institute’s website to download the programme brochure.

Police Nab Fake CBN Agents

Group Business Editor

Obinna Chima

minimum of three sponsored individuals, one of whom shall be a compliance officer; the managing director of the company shall at all times be among the sponsored individuals by complying with the requirements for registration of sponsored individuals; a nominee company shall have necessary infrastructure, including vaults for safe custody of title documents, agreements etc. and information technology capability required to

The Police in Lagos, in a joint operation with the Edo State Command, have nabbed the mastermind behind the syndicate group, comprising over 10 fraud groups impersonating the Central Bank of Nigeria (CBN), under the name “CBN Helping Hands Investment Scheme,” to defraud unsuspecting members of the public. According to a statement, the recent arrest of the head of the syndicate, Solomon Osiga Ezemede (operating with aliases: Musa Mukarat and Solomon Musa) along with his cohorts, in Auchi, Edo State, followed a

formal report to the police by the CBN, stating that the group had severally impersonated management and staff of the Bank and deceived some members of the public to invest money with the CBN, with a promise to double the amount invested within 24 hours. The syndicate reportedly carried out its fraudulent acts on fake CBN Facebook accounts, fictitious mobile numbers, fake online profiles and paid testimonials to induce unsuspecting members of the public into paying money into numerous banks accounts.

Police sources disclosed that many digital assets seized from the syndicates are currently being subjected to forensic analysis by the cyber intelligence units of the Nigeria Police and the CBN. Meanwhile, the suspect, Ezemede, who was charged to the Magistrate’s Court in Ebute Metta, Lagos, on a four—count charge of conspiracy, obtaining money by false pretense, fraudulent act and stealing, on December 30, 2020, has been remanded in prison. The case is billed for trial on March 3, 2021. Confirming the report made by the CBN to the police, the

Acting Director, Corporate Communications Department, Mr. Osita Nwanisobi, said the move was necessary because the syndicate had succeeded in defrauding many victims, using the logo, seal, general signage and brand of the CBN. According to him, complaints received by the Bank bordered largely on funds lost to fraudsters who claimed to be agents of the CBN seeking to assist them obtain loans from the CBN. While emphasising that the CBN does not engage individuals to act as agents on its behalf for the coordination of its interven-

tion programmes, Nwanisobi cautioned members of the public to be wary of fraudsters, who parade themselves as staff or agents of the Bank to swindle them. He also advised members of the public to report suspected cases of fraud to the nearest police station in order to checkmate the activities of fraudsters. He further warned those engaged in perpetrating fraud in the name of the Bank to desist from such nefarious acts as security agencies had been adequately briefed to checkmate such fraudulent activities.

T H I S D AY ˾ Ͷ˜ 2021

FG Unveils First Locally Assembled Electric Car

NBS to Rebase GDP Estimates James Emejo and Folalumi Alaran in Abuja The National Bureau of Statistics (NBS) has disclosed that it has commenced the process that would lead to another rebasing of the economy from the 2010 base year to 2018/2019. The rebasement could further indicate an expansion or contraction of the country’s Gross Domestic Product (GDP). However, the statistical agency, in a statement by Head, Public Affairs and International Relations, Mr. Joel Ichedi, noted that the agency had commenced the National Business Sample Survey (NBSS), otherwise known as the survey of establishments, following the successful completion of listing of establishments, a component of National Business Sample Census (NBSC). According to him, the objectives of the national business sample survey were to rebase the GDP as well as provide sectoral data at national and state levels. He stated that the exercise would also revalidate the structure of the Nigerian economy and identify sectors that drive the economy as well as those that require government intervention to improve. The NBS added that the survey would further serve as a benchmark for subsequent commercial and industrial sector statistics surveys. Essentially, the survey covers the 36 states

of the federation, including Federal Capital Territory (FCT). Altogether, 17 sectors of the economy will be covered during the exercise. Ichedi said: “Already, data collection on the survey by NBS staff has commenced with lodgments of questionnaires in the selected establishments. “NBS appeals to the selected establishments to provide the necessary information for the survey as their participation is germane for the successful completion of the survey exercise.” Rebasing does not necessarily affect living standards but offers revised concepts and methodology for computing GDP and is unlikely to make tangible alteration to the critical issues in macro-economy. In the previous rebasing exercise, Nigeria’s real GDP was rebased from about $270 billion to $510 billion in 2013. The increase of about 90 per cent was attributed to new sectors of the economy such as telecommunications, movies, and retail which were previously not captured or underreported. As a result of the rebasing, Nigeria became the largest country in Africa and 26 largest in the world. However, the Statistician General of the Federation/ Chief Executive, NBS, Dr. Yemi Kale had said rebasing of the country’ GDP is not a guaranty that the economy would expand.

NIPCO to Leverage Skilled Workforce for Improved Product Supply Peter Uzoho The Nigerian Independent Petroleum Company (NIPCO) has disclosed its commitments to broaden the scope of petroleum products marketing with a view to ensuring seamless supply across the country in 2021. The Managing Director/Chief Executive Officer, NIPCO, Mr. Suresh Kumar, stated this in his New Year message, tagged “Message of Hope.” A statement at the weekend by the Assistant General Manager, Corporate Affairs, NIPCO, Mr. Lawal Taofeek, quoted the managing director as saying that the company was poised to upgrade its workforce, as it constantly reviews its safety processes and procedures to ensure a hitch-free operating system during the year. Noting that the year 2020 was the most challenging across the world due to the COVID-19 pandemic, Kumar said the company rose to the challenge with resilience and courage and described its workforce as panacea to the success story last year. He expressed delight in the way the company has risen to the pandemic challenge, noting that the resilience and courage exhibited during the year had in no small measure contributed in keeping the organisation’s core business going.

According to him, the company is committed to human capital development as panacea to the company’s success story. Kumar, therefore, implored all employees to discharge their duties with diligence and professionalism to improve service delivery to all stakeholders in the hydrocarbon industry. The MD noted that the company’s success in 2020, was also predicated on its ability to operate diligently in the industry without compromise safety, coupled with the usual stellar customer satisfaction. He urged all personnel to continue to observe the organisational core values, work towards building a more cohesive and effective organisation and strive towards greater heights by 2021. He posited that as NIPCO continues to grow, there would be more opportunities for all cadres of the workforce to advance further with the company. “As part of the digital transformation and resource development efforts, our employees would have greater access to upgrade themselves through online training platforms as well as training conducted by in-house and external trainers”, Kumar said. He hinted that broadening the company’s marketing horizon was another plank the firm intends focusing on in the new year to further improve its bottom-line.

James Emejo in Abuja The Minister of Industry, Trade and Investment, Mr. Niyi Adebayo, has unveiled the country’s first locally assembled electric car. Speaking at the ceremony over the weekend, he said a migration from the use of conventional vehicles powered by fuel and diesel to alternative powered vehicles, was in consideration of environmental degradation caused by global warming. He listed other benefits of the innovation to include reduction of queues at filling stations, particularly during times of

scarcity. “I am sure most of you can relate to that,” he said. The vehicles named Hyundai Kona, were manufactured by Stallion Motors and are the country’s first 100 per cent electric cars to be assembled locally. Adebayo said his ministry had been working in collaboration with the National Automotive Design and Development Council (NADDC) on environmentally friendly, low emission vehicles. He said both are also partnering to review the country’s auto policy, which will create an

enabling environment for all stakeholders in the industry. However, the DirectorGeneral of NADDC, Mr. Jelani Aliyu, while affirming that electric cars have become a reality which have come to stay, pointed out that the aim was to ensure that about 30 per cent of passenger vehicles in the country are electric cars by 2025. He said the Stallion Group, which led the innovation in electric vehicles in the country had so far invested about $300 million. The Chief Executive Officer of Stallion Group, Anant

Badjatya, said the company, which has been in Nigeria for over four decades had invested significantly in the country adding that electric cars are the future of the automobile industry and Nigeria should not delay keying into it. He added: “Hyundai Kona is the first electric car in Nigeria. The car has five years’ battery and manufacturers’ warranty, 100 per cent electric, zero-emission and Hassle-free charging at home and workplace. “Hyundai Kona has 482-kilometre ranger, has a capacity 1600 units, I believe that electric cars are the future of Auto.”

BUSINESSEXPANSION

L-R: Chief Operating Officer, LATC Group, Gbolahan Shaba; Marketing Manager, Brand-co, Olusayo Osinbowale; CEO, Wonuola Okoye; Strategic/Executive AssistanttoCEO,TejumadeTejuoso,and CommercialandBusinessIntelligenceManager,AdepojuAdeleke,attheofficiallaunchoftheAdidasStoreacross Nigeria,heldinLagos...recently :ETOP UKUTT

Oyo/Osun Customs Rakes in N4.8bn in January Kemi Olaitan in Ibadan The Customs Area Controller of Oyo/Osun Command of the Nigeria Customs Service (NCS), Mr. Adamu Abdulkadir, has said the command generated N4,896 billion in January 2021. This is just as he said the command has fashioned out new strategy code-named, “Operation Fish Out,” to nip in the bud, the nefarious activities of smugglers in the area. Abdulkadir, who made the disclosure while addressing journalists in Ibadan, warned that the command would track, apprehend and prosecute in accordance with section 77 of the

Customs and Excise Management Act (CEMA), those who are aiding smugglers by revealing the actions of its men to them. He said between November 19, 2020, and January 31, 2021, the Command made series of detentions and seizures amounting to a total Duty Paid Value (DPV) of N393,420,494. The Controller disclosed further that the Command succeeded in sniffing out 20Kg of Cannabis Sitiva packed in a 20Kg bag with duty paid value of N4,526,063, stating that the drugs will be handed over to the National Drug Law Enforcement Agency (NDLEA) for further action. Other seizures he said include

3,052 bags of foreign parboiled rice, 8 kegs of 25ltrs of each of vegetables oil, 60 bales of second hand clothing (Okrika), 264 pieces of used tyres, 8 units of Toyota Camry (2020 models), 1 used Toyota Highlander (2019 model) and 10 units of motorcycles used as a means of conveyance for snuggling of rice. According to him, “The Command was able to collect N4,895,772,769.90 for the month of January 2021. “The Area Command under my management has further enhances its anti-smuggling strategies by taking the battle to the door steps of the smugglers, rather than waiting for them to come out in an operation

codenamed ‘Operation Fish Out’. “While invoking sections 147 and 151 of the Customs and Excise Management Act (CEMA) Cap C45 LFN 2004 with the power to search the premises for goods whose duties were not paid and power to give rewards to informants who give genuine intelligence to help improve the capabilities of the command on anti-smuggling duties. “We shall further sharpen our intelligence and enforcement capabilities to fight smuggling and enforce compliance with reference to extant laws guiding our procedures and rules of engagement.

NSE Launches Satisfaction Survey to Enhance Customer Experience Goddy Egene The Nigerian Stock Exchange (NSE) recently launched the 2021 NSE Customer Satisfaction Survey to measure customer satisfaction and note areas of improvements. The survey is anticipated to play a role in bringing about impactful improvements that will enhance the capital market experience. According to the exchange, the customer satisfaction survey takes less than a minute to complete and participation in the survey is anonymous. The NSE explained that over the years, it had embarked on several projects aimed at enhanc-

ing market liquidity, providing diverse and innovative products, and improving market access for its global community of investors and issuers. “In line with the NSE’s aspiration to be the preferred market for end-to-end customer experience by adopting a business model that improves its market efficiency and provides flexibility to offer globally competitive products and services, the NSE embarked on the journey to demutualise. “At the heart of the demutualised NSE will be the continued goal of putting customers first, attaining service excellence, and delivering better value to investors. Consistent with its commitment

to delighting its customers, the NSE developed a Customer Needs Framework to provide a holistic view of the needs of its customers across the value chain and deliver an insight-driven customer experience. “This framework will help the NSE identify important unmet needs of its customers; establish a hierarchy of needs, antes and drivers for various customer segments; develop a comprehensive customer segmentation; achieve customer outcomes (product, service, experience design and delivery) based on segmentation and needs analysis; and increase customer acquisition, loyalty and advocacy,” it said.

The exchange added that as a customer-centric organisation, it was aware that it must thoroughly understand the needs of its customers, stay abreast of the prevalent customer sentiment and seek valuable feedback to enable continuous improvement of the customer experience. “Upon demutualisation, the NSE will assume a new organisational structure that supports its strategic ambitions to operate as a more competitive business while maintaining full compliance with its regulatory and governance requirements. The new structure will consist of a non-operating holding company and three subsidiaries”.

T H I S D AY ˾ Ͷ˜ 2021

Auwalu: Ongoing Marginal Fields Bid Round to End This Quarter The Director and Chief Executive Officer of the Department of Petroleum Resources, Mr. Sarki Auwalu, in this interview on Arise News Channel, THISDAY’s sister broadcast station, provides update on the ongoing bid exercise for the 57 marginal oil fields. Emmanuel Addeh and Peter Uzoho bring the excerpts: Where are we with the 57 marginal ﬁelds and what is the guarantee that this time around, the concern about merit, capacity, competence will be addressed, even more importantly, the interest of the Niger Delta communities, who insist that those marginal ﬁelds should be prioritised with regard to host communities’ rights? The marginal field, when we started, we reviewed the first and learnt from the experience. You know we had 24 fields awarded in 2003, unfortunately, only 13, out of the 24 are producing. So the 11 non-producing were revoked just to guarantee revenue for the nation and we didn’t really include those 11 that were revoked. We got the ones that we know that are prolific, that is about 57 of them and we had a very good interest in them because in those 57, we had over 630 applicants, we pre-qualified about 500 and about 370 companies applied for 477 applications. This confirms interest in the assets. The criteria were very open, exclusively marginal fields for Nigerian companies, and one of the key criteria for pre-qualifying any company is that, you must have impeccable evidence that you include the people of the community, you have a spread of Nigeria outlook of the company, you have strong financial base. We quite did a lot of due diligence on all the companies that applied. We contacted relevant government agencies like National Financial Intelligence Unit, Department of State Security, Federal Inland Revenue Service to really help us to qualify and validate all the information supplied by the applicants. And we put it on a portal that is up and running which every applicant can really go inside, seek for information with regard to the application because we provide robust guidelines in which people will have a transparent information on all the companies. Above all, we, at the department, since we are business enablers and opportunity providers, provided competent person reports, field-specific reports and accessibility for data prying. Despite COVID, we have a virtual data room that you can enter and see and make an offer, so that the field will be developed. And most importantly, we emphasise community involvement because if you don’t have host, you cannot really operate. We guarantee freedom for operation as the communities are fully involved in each and every applicant. So that is what gives us confidence. Where we are now, out of above 300 companies, we have 161 shortlisted companies. We are hoping to give them accounts because this is the first time in this nation whereby we seek approval to allow the acquisition cost to be paid in naira, which simplifies it for Nigerian companies. So you can pay your signature bonus either in dollars or in naira. That is a very big achievement which a lot of companies are now happier because we know that communities are involved, Nigerian naira needs to be strengthened, we don’t want to put pressure on it much. So immediately after the payment of signature bonus and compliance with the farm-out agreement, farm-out demarcation area, then we issue the award and we bring the companies together in which they can now arrange to enter the fields. We hope to finish the entire programme before end of Q1 this year. Going forward, we give about 90 days in which the OML holders will have discussion because no two fields are the same, so that, we allow these assets to be developed. We believe it will increase the reserve of this country as well as providing a lot of stimulant to the economy. So that’s the summary of the marginal fields. The last bid round almost two decades ago was fraught with litigations and some challenges that hampered the development

data prying and we use a lot of IT interface between the applicants and DPR. And we work round the clock to make sure that you have access 24/7 because you can access the data from anywhere and the time constraint is no longer an impediment. That is what we use in the marginal fields bid process. The portal is still active. Every day, the portal updates itself with where we are, where we are going, where we are coming from, so that applicants are comfortable that they are following the process more or less on real time bases. How much is the Department of Petroleum Resources hoping to make from the signature bonuses and the payment for the oil ﬁelds? Yes, in the application, you can see that the application fee and the processing fee is 500 million per field. We have 477 applications and the cost of data prying and data leasing is averaged between 65,000 to $115,000 and we have about 477 applications. So, for that, you can see that that is what has already been made out of the process. Then, for the signature bonus, you know, since it’s a competition, there are those with big pockets, that will put crazy amount, whether it is high or low. So, what we did internally was to look at the Competence Person Report and objectively estimate the average signature bonus on that field. After all, the good and valuable consideration for every asset is being computed by DPR. So, we use that as estimate to guide us on the average signature bonus that we expect, which some fields are high, some fields are low. So, that is what we put together and we estimate to have not less than $500 million which is very on the conservative side.

Auwalu

of those ﬁelds successfully producing for the nation. Are we not about to make the same mistakes regarding those 11 licences that were revoked and now being added to the bid basket? First, the 11 marginal fields that were revoked were not among the 57. So, completely, this particular bid round does not include the 11 revoked marginal assets and those 11 revoked marginal assets, the litigation is on whether or not the Petroleum Act provided for revocation. Yes, indeed, there is provision for revocation. So, this particular marginal fields that we are running is out of litigation. We do not have any encumbrances from any of the 57 because the 11 that are in court are even discussing with us to go out of court. They are seeking to see how government will reconsider them based on the work they have done before. We are assessing the work and looking at the possibility, (if they come out of court), whether government will consider re-awarding to them or to anybody that is ready to pay good and valuable consideration on those assets. But for this exercise, those 11 assets are out of it. So, that is why we are confident and that is the reason why we have this huge interest in the ongoing 57 assets.

We hope to ﬁnish the entire programme before end of Q1 this year. Going forward, we give about 90 days in which the OML holders will have discussion because no two ﬁelds are the same, so that, we allow these assets to be developed

What technology do you have in place as regards this process and how much have you been able to clean DPR itself as regards the processes and how all of these go? DPR is a technology-based organisation and generally, we are perceived to be a regulator but we are not just regulators, we are business enablers and opportunity providers. Because no investor will actually come without licence from us and no company will participate in the industry without our licence and there is no activity that will be conducted without our approval. So, the technology behind the robust marginal field bid exercise is internal. We beg not to really include external expertise because we do have capacity. So we use the National Data Repository capacity which is a repository that has been there in existence in excess of 15 years, and we leverage on that. We developed a portal internally and we created data room, we give access to all the applicants and people that indicate interest. Actually, for the bidding process, we use a lot of IT, we do have the infrastructure. If you remember, I mentioned the National Data Repository. We try as much as possible to be as remote as possible and have a lot of access to information because when you want to bid for any asset, all you need to decide is data. So, we make data available through creation of virtual data room and having an access and interface that any interested bidder can really come virtually, enter the virtual data room, access the data, pry the data, download the data and see and make his own decision on whether or not he is interested in that particular asset. So, we are proud to say that all the software that we use mostly are modified internally by DPR staff. That is to really limit the leakages and exposure because it is a competition. So, we use a lot of IT infrastructure, we use a lot of Artificial Intelligence in terms of

Is the DPR going to provide a list of the companies that have been shortlisted and information, to show us that the process is actually open and transparent and so that these complaints about opaqueness can be addressed? So, for the publication, when we started this process, we did not publish the list of applicants and when we pre-qualified the companies, we did not publish the names of pre-qualified companies, and when the companies that applied went through our due diligence, we did not publish those companies also that passed our due diligence to NFIU, DSS, EFCC. So, now that we shortlisted, we should not really publish the names of those because it’s not all the 161 that may be successful in complying or trying to meet up with the requirements in the next stage. So, it is actually premature to say that you will publish the names of companies that are yet to get any award. So, when we finish the process, obviously, people will get to know who really win. After all, we are yet to get winners, and in the process, all through, we are consistent as par our publication that only people that are interested in the process, they will be contacted and that is what we are doing. So, we want to be consistent on that and the people that are interested in the process have already been contacted. When we finish with the process, it will definitely be open and we will publish those people that are successful finally and they have their awards. I think that is even better for the nation and better for the competition because we are avoiding any third party interference because government really believes in us, and we believe the investors are having confidence in the process. So, that is why we follow our process of not publishing the names of

CONTINUED ON PAGE 27

T H I S D AY ˾ Ͷ˜ 2021

AUWALU: ONGOING MARGINAL FIELDS BID ROUND TO END THIS QUARTER people that were shortlisted because not all of them may be successful in the long run. What are the guarantees that there will be no application of discretion in the assignment of these marginal ﬁelds? And there have been complaints that in DPR, in the Ministry of Petroleum Resources, that there are checkpoints, almost analogous to Police checkpoints, even for people to be able to get letters notifying them about the status of the process? Actually, I’m not aware of any checkpoint and you know, it is just like exam, people always complain when they write exam and fail. The process is open and we have a system whereby it records every company’s activity in the portal and this portal is open. So, if you apply, whatever you put there is recorded and the marking scheme for what you are supposed to submit, whether technical, financial, economic, and field development strategy is there. In fact, that is what limits the discretion. There cannot be discretion in the process because if you discreetly award, then what is the bases since no two fields are similar? Remember, there is farm out agreement, there is farm out area demarcation, there is commercial negotiation with the OML holders. So, by the time you said you are going to do discretion without the basic information that is required in the process, that is not possible. So, that is our confidence that the discretion is very impractical. And again, people that do not have notification whether they are qualified to apply or they were not shortlisted, obviously, you don’t expect them to keep quiet. They will rather feel that they have adequate submission that qualifies them but not everyone of the applicants should have. So, we took the best. There are fields that have five applicants, there are fields that have 50 applicants. So, you can see you can’t

you take the best one; 10 applicants, we take two; 15, we take three; 20, we take four, and we got all these together and that was how we came up with the number we shortlisted. And we know not all of these numbers may be able to complete the process and that number will shrink again. So, the process started with 600 plus, we got to 500 plus, we got down to 300 plus, now we got to 161. We don’t know the number we will get down to. So, the process is on and we are optimistic that because of the process we put in place, a lot of people that feel they must have, if they are not successful to be shortlisted, they must really say whatever that is in their mind.

Auwalu

have 50 applicants in one field and cannot take the best five. You cannot have a field with 20 applicants and cannot take the best four. So, if you check how we even arrived

at the 161, objectively, we looked at fields with respect to the number of applicants on the field and we selected the best. And we put together the 57, you have five applicants,

Tell us about the National Oil and Gas Excellence Centre launched recently by the president? NOGEC, that is the Oil and Gas Excellence Centre was inspired by the highest level of government. Remember, the president, in his first January 2020 speech, made mention that Nigeria was ready for business and he called for diversification of the sector and how to get the economy running by diversifying it with oil and gas. So, the Minister of State also took it up and created ministerial priorities and said how can we really get this inspiration of president to life? So, the DPR went to the drawing board and we looked at it and now got three things. For oil and gas business to be sustained, there have to be safety, there have to be cost efficiency, there have to be value. So, the National Oil and Gas Excellence Centre was born on these three prongs, that is safety, value creation and cost efficiency; and it is all about diversifying the industry in a way that will develop the economy, get the sector to really contribute to the GDP and create more transparent and more sustainable industry. So, the National Oil and Gas Excellence Centre was born and recently commissioned by the president.

T H I S D AY ˾ Ͷ˜ 2021

FBNQuest Mutual Funds Outperform 5-year Benchmark Goddy Egene FBNQuest Asset Management, a subsidiary of FBN Holdings, recently held annual general meetings(AGMs) for five mutual funds managed by the firm. The funds are: FBN Balanced Fund; FBN Smart Beta Equity Fund; FBN Eurobond Fund; FBN Bond Fund and the FBN Money Market Fund. A review of the performance of the funds showed that The FBN Bond Fund reported the best return of 104.2 per cent over the five-year period whilst its US Dollar fund, the FBN Eurobond Fund, returned 48.43 per cent in US Dollars over the same period. The FBN Smart Beta Equity Fund also outperformed its benchmark by 38.22 per cent in the five-year period. The FBN Balanced Fund, which is one of the largest and oldest mixed-asset funds in Nigeria, having been launched in 2008, has built a track record of consistently outperforming its benchmark. It earned its investors a total return of 81.09 per cent over the five-year period. The fund provides exposure to money market securities, bonds and equities and, with a minimum investment of N50,000, offers diversification across various asset classes. This solution is suitable for investors desiring income and long-term capital growth.

Commenting on the performance of the funds, the Managing Director of FBNQuest Asset Management, stated, Ike Onyia, said: “Our strong performance track record is premised on the research capabilities, insights and experience of our portfolio management and research teams. “Our mutual funds serve as useful investment options useful in formulating unique and value-adding investment strategies for various client segments. This is because our range of mutual funds cut across various asset classes including equities, bonds and money markets.” According to him, the funds remain easily accessible, as the goal is to continue to drive financial inclusion and democratise wealth creation, by supporting the financial security aspiration of investors. “Increasingly, financial markets are becoming complex to navigate and as a result, it will not be out of place for investors to actively seek the inclusion of mutual funds in their investment portfolio, which will serve as the structured gateway to such markets. Seeking the help of experienced financial planners to assist you in establishing your risk tolerance levels and advise on suitable options is highly recommended,” he stressed.

BrokersLeadinInsurance DistributionwithN258bnPremium Ebere Nwoji

Direct sales by the insurers yielded N47.24 billion, representing 10 per cent; while bancassurance channel yielded N4.20 billion, representing 10 per cent. Also, e-channel attracted N2.32 billion and underwriters from other channels of distribution got N3.06 billion, representing three per cent. In 2018, Insurance brokers generated N220.89 billion out of the N413.85 billion gross premium income recorded by underwriters. This represented 53.37 per cent of the gross premium income generated by the sector in 2018. According to the NIAdigest, insurance agents generated N107.83 billion, representing 26.05 per cent; direct sales yielded N29.01 billion, representing 7.01 per cent, while bancassurance yielded N30.37 billion, represent-

Insurance brokers has retained the largest market share of premium generation and commission earning in the sector, with 52 per cent allocation. Recent statistics released by the Nigeria Insurance Association (NIA), in its annual insurance digest, showed that in 2019, insurance brokers generated N257.28 billion out of the N490. 80 billion gross premium income recorded by insurance underwriters during the year. This represented 52 per cent of the entire premium generated by the sector during the period. The performance was followed by insurance agents, who generated N166.20 billion, representing 34 per cent of the cumulative gross premium generated by the insurers during the period.

ing 7.34 per cent. The report showed that e-Channel sales recorded N1.50 billion, representing 0.36 per cent while sales through other distribution channels stood at N24.25 billion, representing 5.86 per cent, of the entire premium generated during the period. A breakdown of what each underwriting firm generated as gross premium revealed that the top leading firms were Leadway Assurance Limited, which posted N87.52 billion; AIICO Insurance Plc, N25.98 billion and FBNInsurance Limited, N23.03 billion. In terms of claims settlement, the top three firms were Leadway Assurance Limited, which paid out N57.93 billion; AIICO Insurance Plc, N28.55 billion and African Alliance

Insurance Plc, N8.75 billion. In terms of commission paid by the insurers to the premium generators, the NIA digest stated that non-life operators paid N29.33 billion as commission. It stated that in the period under review, FBInsurance Limited paid the highest commission amounting to N5.20 billion, followed by AIICO Insurance Plc, which paid N5.04 billion. Leadway Assurance Limited, paid N5.01 billion; NEM Insurance Plc paid N3.11 billion and Coronation Insurance Plc paid N3.11 billion. Comparing the commission paid by the insurers in 2019, to previous years, the NIA digest stated that in 2017, insurance brokers and agents were paid N38.89 billion as commissions by underwriters.

Experts Seek Passage of Railway Reform Bills to Boost Devt James Emejo and Folalumi Alaran in Abuja The Minister of Transportation, Mr. Rotimi Amaechi, the Abuja Chamber of Commerce and Industry (ACCI) and railway experts have called for an urgent passage of various railway bills before the National Assembly to open up the sector for private sector participation. The stakeholders made the plea at the transport sector webinar series with the theme: “Assessing Railway Development in Nigeria,” which was organised by the chamber. The participants said the existing legal framework for the railway constituted an impediment to the rapid development of the sector. They also criticised the outdated laws regulating the railway sector and pushed for a new legal and regulatory structures. The president of ACCI, Alhaji Abubakar Al-Mujtaba, who moderated the meeting, appealed for new legislative framework to allow private sector to construct and run railways. He also sought constitutional amendment to move railway from exclusive to concurrent list in the constitution. Al-Mujtaba, also called for the diversification of railway financing by the federal government, calling deliberate support for the development of Nigerian local railway industry and value chains. In a statement issued by ACCI

Media Officer, Latifat Opoola, he was quoted to have said: “We seek enhanced localisation in the implementation of the various railway projects. This will deepen local capacity development.” However, the minister who sent in his address, further sought the passage of the new railway bills known as, “the Nigerian Railway Authority and National Transport Commission Bills” to provide legal framework that will facilitate the participation of private sectors and to sustain the rehabilitated and modernised railway networks in the country. He said this would reduce the financial burden on the government towards railway development. Amaechi, while listing progress already made in the revitalisation of the railway sector, said, “the administration is focusing at bringing about a functional and industrial transportation backbone that would aid economic growth, leading to the high capital investment and social economic impact associated with railways.” He added: “It is my considered opinion that Nigerians should be aware of this development and how the outcome of government’s effort would positively impact on their livelihood.” The minister, however, assured that the ministry has fully embraced Public-Private Partnership (PPP) as well as reform of legal, regulatory and institutional framework of the railway sector.

CAPACITYBUILDING

L-R: Head, Business/Category Manager, Polo Luxury Group, Olamoniso Nduka; Sparkle Queen, Swarovski, Erica Ngozi Nlewedim, and Executive Director, PoloLuxuryGroup,JenniferObayuwana,attheunveilingofEricaNgoziNlewedimasbrandAmbassadorforSwarovskiheldinLagos...recently ETOPUKUTT

Institute Ranks Novartis High in Employment Raheem Akingbolu Novartis Nigeria has reaffirmed its commitment to sustain the existing tempo and remain a great workplace for employees. The assurance was made to commemorate the recent announcement by Top Employer Institute (TEI) that the firm has been certified as a top employer for a third consecutive year. The ceremony took place recently to celebrate top employers across the globe for their commitment to creating a better world of work. The TEI program was said to

have certified and recognised more than 1600 Top Employers in 119 countries across and regions, on nine key areas ranging from People Strategy, Work Force Planning, Talent Acquisition, Leadership Development, Well-being, Diversity & Inclusion and more. The Top Employer certification is an independent audit that benchmarks each organisation’s performance against other global employers. Head of Human Resources for Novartis English West Africa, Stephen Chiazor, said: Novartis is honoured

to have won this recognition. The award is evidence of Novartis’s commitment to reimagine our workplace. Cultural transformation is, for us, a key business objective and we are committed to ensure our people can fully apply their talent and energy. “The award inspires us to continually add value not only to the lives of patients with our medicines, but to ensure that we are inspiring our associates to achieve their potential.” Meanwhile, the Cluster Head for Novartis English West Africa, Adeyele Adenika,

also stated that; “I am proud that this is a testament to our journey of building an Inspired, Curious, and Unbossed culture, resulting in an empowering work environment. It is also important to note that the 2021 Top Employer recognition was on the back of an extremely challenging year due to the COVID-19 pandemic that affected how we work and how we engage internally and externally. Despite this, our employees demonstrated remarkable resilience and agility, underpinned by our commitment to putting people first” he said.

SON Reiterates Commitment to Consumers’ Safety James Emejo in Abuja The Director General, Standards Organisation of Nigeria (SON), Mallam Farouk Salim, has restated the determination of the agency to serve as role model in safeguarding Nigerians from the menace of imported and locally made substandard products. He said this would be achieved by ramping up enforcement of standards nationwide and making country hostile for

producers and distributors of substandard products. Speaking at a 4-day leadership strategy retreat for members of staff in Calabar, Cross Rivers State, Salim said he was committed to building on the solid foundation laid by previous management of the agency. In a statement issued by Head, Public Relations, SON, Mr. Bola Fashina, the DG pointed out that retreat was aimed at repositioning SON for greater effectiveness and efficiency in

delivery of its mandate of setting and enforcing standards for goods, processes and systems in the country. According to him, the SON strategy retreat is the first major outing in a series of agendasetting programmes which are part of measures to set the organisation’s targets for 2021 and beyond as well as putting it on the path of becoming the foremost standards institution in Africa.

The statement added that the retreat would deal with the art and science of execution for regulatory agencies, key performance indicators and stakeholder management, among other issues. The former Director General/ Chef Executive, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Dakuku Peterside, will deliver the keynote speech at the occasion among other facilitator.

T H I S D AY ˾ Ͷ˜ 2021

BUSINESSWORLD

PERSPECTIVE

Race Between Vaccines and the Virus Gita Gopinath

n just three months since we released our last forecast in October, recorded COVID-19 deaths have doubled to over two million, as new waves have lifted infections past previous peaks in many countries. In these same three months, multiple vaccines have seen unexpectedly strong success and some countries have started ambitious vaccination drives. Much now depends on the outcome of this race between a mutating virus and vaccines to end the pandemic, and on the ability of policies to provide effective support until that happens. There remains tremendous uncertainty and prospects vary greatly across countries. There remains tremendous uncertainty and prospects vary greatly across countries. In our latest World Economic Outlook forecast we project global growth for 2021 at 5.5 percent, 0.3 percentage point higher than our October forecast, moderating to 4.2 percent in 2022. The upgrade for 2021 reflects the positive effects of the onset of vaccinations in some countries, additional policy support at the end of 2020 in economies such as the United States and Japan and an expected increase in contact-intensive activities as the health crisis wanes. However, the positive effects are partially offset by a somewhat worse outlook for the very near term as measures to contain the spread of the virus dampen activity. There is a great deal of uncertainty around this forecast. Greater success with vaccinations and therapeutics and additional policy support could improve outcomes, while slow vaccine rollout, virus mutations, and premature withdrawal of policy support can worsen outcomes. If downside risks were to materialize, a tightening of financial conditions could amplify the downturn at a time when public and corporate debt are at record highs worldwide. Incomplete recoveries The projected recovery in growth this year follows a severe collapse in 2020. Even though the estimated collapse (-3.5%) is somewhat less dire than we had previously projected (-4.4%) owing to stronger-than-expected growth in the second half of last year, it remains the worst peacetime global contraction since the Great Depression. Because of the partial nature of the rebound, over 150 economies are expected to have per-capita incomes below their 2019 levels in 2021. That number declines only modestly to around 110 economies in 2022. At $22 trillion, the projected cumulative output loss over 2020–2025 relative to the pre-pandemic projected levels remains substantial. Great divergence within and across countries The strength of the projected recovery also varies significantly across countries, with large differences in projected output losses relative

Georgieva

to the pre-COVID forecast. China returned to its pre-pandemic projected level in the fourth quarter of 2020, ahead of all large economies. The United States is projected to surpass its pre-COVID levels this year, well ahead of the euro area. With advanced economies generally expected to recover faster, progress made towards convergence over the last decade is at risk of reversing. Over 50 percent of emerging markets and developing economies that were converging towards advanced economies per capita income over the last decade are expected to diverge over the 2020–2022 period. The faster recoveries in advanced economies are partly due to their more expansive policy support and quicker access to vaccines relative to many developing countries. Oil exporters and tourism-based economies face particularly difficult prospects given the subdued outlook for oil prices and expected slow normalisation of cross-border travel. Even within countries the burden of the crisis has fallen unevenly across groups and has increased inequality. Workers with less education, youth, women and those informally employed have suffered disproportionate income losses. Close to 90 million individuals are expected to enter extreme poverty over 2020–21, reversing the trends of the past two decades.

Policies to strengthen the recovery If vaccines and therapies remain effective against new virus strains, we may be able to exit this crisis with less scarring than was feared and arrest the divergence in prospects across and within countries. However, that will require much more on the policy front. Firstly, the international community must act swiftly to ensure rapid and broad global access to vaccinations and therapeutics, to correct the deep inequity in access that currently exists. This will require ramping up production and bolstering funding for the COVAX facility and for the logistics of vaccine delivery to poorer nations. The health and economic arguments for this are overwhelming. The new virus strains are a reminder that the pandemic is not over until it is over everywhere, and we estimate that faster progress on ending the health crisis will raise global income cumulatively by $9 trillion over 2020–25, with benefits for all countries, including around $4 trillion for advanced economies. Secondly, targeted economic lifelines to households and firms should be maintained where the virus is surging to help maintain livelihoods and prevent bankruptcies of otherwise viable firms, enabling a faster rebound once

constraints are lifted. In countries where fiscal space is limited, spending should be prioritized for health and transfers to the poor. Once infections are durably declining with broadening immunity to the virus, lifelines can be gradually rolled back by making their parameters less generous over time to incentivise labor mobility and reduce the risk of zombie firms that can impair productivity. If policy space permits, resources freed up can be reallocated to support the recovery. Priority areas include education spending to remedy the setback to human capital accumulation, digitalisation to boost productivity growth, and green investment to create jobs and accelerate the transition to a new climate economy. A synchronized green public investment push by the largest economies with fiscal space to do so can enhance the effectiveness of individual actions and boost cross-border spillovers through trade linkages. Thirdly, financial stability should be ensured in these highly uncertain times. Monetary policy should remain accommodative to support the recovery where inflation is not at risk, with close attention paid to containing the risks that will likely emerge from historically low interest rates. When pandemic measures such as moratoria on loan payments are eventually withdrawn, there will likely be an increase in bankruptcies and non-performing loans that can push already fragile banking systems into distress. Countries should develop special out-of-court restructuring frameworks to expedite processing bankruptcies, so credit creation is not impaired. Fiscal spending and the output collapse have driven global sovereign debt levels to record highs. While low interest rates alongside the projected rebound in growth in 2021 will stabilize debt levels in many countries, all will benefit from a medium-term fiscal framework to ensure debt remains sustainable. Lastly, the international community needs to do more to help poorer nations combat the crisis and not fall severely behind in attaining their sustainable development goals. The sharp easing of monetary policy by major central banks improved financing conditions for many in the developing world. However, there are others, more severely constrained, that will require further international support in the form of grants, concessional loans, and debt relief and in some cases outright debt restructuring under the new Common Framework agreed by the G-20. Confronted with an unprecedented global challenge, the international community must act now to ensure the pandemic is beaten back everywhere, the divergence in prospects across and within countries is reversed, and the world builds forward to a more prosperous, green, and inclusive future. – Gopinath is the Director of IMF’s Research Department and the Economic Counsellor of the Fund

MTN Introduces New Initiatives on NIN Registration Emma Okonji In order to support the federal government’s drive towards the National Identification Number (NIN) registration, MTN has introduced new initiatives that will increase capacity to provide enrolment services across its customer interaction touch points, which include rural locations. MTN said the initiatives

would support a reliable and sustainable national identity management system for the country, which is a critical enabler that will deliver multiple benefits to the telecoms industry and the country as a whole, while supporting national economic planning and enhance security, governance and service delivery at all levels. At locations where enrolment services have been

introduced, alongside its standard COVID-19 safety protocols, MTN has deployed a dynamic onsite appointment booking system designed to limit indoor crowding at its service centres and plans to launch an online version shortly. Following the approval of our NIN enrolment licence from the Nigerian Identity Management Commission (NIMC) in December, MTN

Nigeria commenced enrolment for NIN at a limited number of its service centres across Nigeria. This forms part of a broader commitment to roll out thousands of enrolment devices across all geo-political zones as earlier stated. The Chief Customer Relations Officer for MTN Nigeria, Ugonwa Nwoye, said: “We seek the continued patience and understanding of our esteemed customers and the

public as we continue scaling up capacity. “We are working closely with NIMC and the Ministry of Communications and Digital Economy to expand the number of enrolment centres, and ensure that they provide an access point for as many Nigerians as possible. This involves close collaboration between other Mobile Network Operators (MNOs) and NIMC to ensure certification and technical

integration is seamless while offering maximum possible protection from COVID-19. “Ensuring that every Nigerian has access to a location where they can enrol in the NIN system, while simultaneously registering their SIM cards, is critical to the expansion and deepening of our digital economy, and we are committed to collaborating with the government in their efforts to achieve this.”

Samsung, TEC Offer Nigerians Easy Payment Plan Emma Okonji Original Equipment Manufacturer (OEM), Samsung has partnered with Africa’s technology and lifestyle hub, Tech Experience Centre to offer Nigerians a six months’ interest-free payment option on

its latest devices – the Galaxy S21 series. The smartphones – the S21, S21+ and S21 Ultra – were recently unveiled to the public at the Tech Experience Centre on Yudala Heights, Idowu Martins Street, Victoria Island. Equally important, inter-

ested Nigerians have been offered a flexible way of acquiring the device and paying later within six months, with the added incentive of not having to pay any interest. The offer, exclusive only to the Tech Experience Centre, is valid until Thursday, February 11,

2021. Furthermore, interested subscribers can indicate their interest in pre-ordering any of the devices. Head of the Tech Experience Centre, Chidalu Ekeh, said the offer remained a unique one, in view of the prevailing economic constraints and the

need to lower the entry cost of acquiring new devices for Nigerians. ‘‘We understand the need to lower the entry cost for new, cutting-edge devices as these, especially when you consider the current depression in the economy. This explains the partnership between Tech Ex-

perience Centre and Samsung to make this happen. Since we rolled out this offer, we have recorded significant uptake from many interested subscribers who are keen to take advantage of the zerointerest financing opportunity to get the Samsung Galaxy S21 devices,’’ she stated.

MONDAY FEBRUARY 8, 2021 •T H I S D AY

MONDAY FEBRUARY 8, 2021 • T H I S D AY

IMAGES

T H I S D AY ˾ Ͷ, 2021

Photo Editor ÌÓÙÎßØ ÔËÖË Email ËÌÓÙÎßØ˛ËÔËÖË̶ÞÒÓÝÎËãÖÓàÏ˛ÍÙ×

L-R: Chairman House of Representatives Committee on Gas Resources Nicholas Mutu; Clerk of the committee Tijjani Ibrahim and a member of the committee Musa Umar Garo, during a brieﬁng with Nigeria Liquidiﬁed and Natural Gas (NLNG) Management at the National Assembly, in Abuja...recently

Women in ICT Initiative embark on a road show to mark the 2021 World Cancer Day in Abuja...recently

L-R: Representative of the Chairman of the occasion, Rev. Yinka Adepoju; Yeye Obawosan of Osogbo, Chief Funmilayo Olapade; Ogunsua of Modakeke, Oba Moses Oyediran; and Chairman, Governing Council of Yoruba World Congress, Chief Taiye Ayorinde, at an Emergency Yoruba International Summit in Ibadan...recently

L-R: Managing Director of Edo State Skill Development Agency, Mrs. Ukinebo Dare and the Project Oﬃcer, International Organisation for Migration (IOM), Wintana Tarekegn during the handing over of oﬃce work stations and other items donated by the IOM to the Edo Innovation Hub, in Benin City...recently

L–R: Representative of the Executive Chairman, Ogun State SUBEB, Hon. Olufemi-Ilori Oduntan; SA to the Ogun State Governor on Education, Mrs Ronke Soyombo; Olu of Owode-Egba, His Royal Highness, Oba Kolawole Aremu Sowemimo, and the Head of Human Resources at Nestle Nigeria Plc, Mr. Shakiru Lawal during the commissioning of water and sanitation facilities donated by Nestle Nigeria Plc to St Paul’s Anglican School, Orile Imo in Obafemi Owode LGA, Abeokuta....recently PHOTO: ABIODUN AJALA

L-R: Clark of the House of Representatives committee on Public Accounts, Mr. Auwal Jatau; Chairman of the Committee, Hon. Wole Oke and Deputy Chairman of the Committee, Hon. Abudullahi Sa’ad, during the committee’s investigative hearing with the federal agencies, at the National Assembly, Abuja...recently

L-R: Chairman Mainland Local Government,Hon Omolola Rashidat Essen; Senator Representating Lagos Central Senatorial District,Senator Dr Oluremi Tinubu; Chairman Surulere Local Government,Hon Tajudeen Ajide; Chief Olutayo Adenekan, and Executive Chairman, Lagos State Universal Basic Education Board (LASUBEB),Hon. Wahab Olawale Alawiye-King, during the commissioning and handing over of Unit Block Of Three Classrooms at Zumratul Islamiyya Junior High School Surulere,Lagos...recently

T H I S D AY ˾ Ͷ˜ ͰͮͰͯ

L-R: SA to the Lagos State Commissioner for Health, Dr Tunde Ajayi; Chief Executive Oﬃcer, Evercare Hospital Lekki, Rajeev Bhandari; Honourable Commissioner for Health, Lagos State, Professor Akin Abayomi; Executive Director Finance, Admin and Strategy, Evercare Hospital Lekki, Temi Awogboro; and Head, Business Development, Evercare Hospital Lekki, Kehinde Oyesiku; during a courtesy visit by the Honourable Commissioner for Health to the Evercare Hospital, Lekki in Lagos...recently

A local drama group performs a play to emphasize peace and unity at a stakeholders meeting in Kaduna... recently

President Muhammadu Buhari receiving a report from the APC National Youth Representatives Caretaker Committee, Barrister Ismael Ahmed during a virtual audience with some representatives from the Youth Wing of the All Progressives Congress party held at the State House in Abuja...recently PHOTO: STATE HOUSE

Members of Amankwo-Eke community in Udi Local Government Area of Enugu State, protesting alleged nonexecution of 498 million Naira ecological roads project in the community...recently

L- R: Head, Online Media and Special Publication Nigerian Communications Commission, NCC, Mrs. Grace Ojougboh ; Director, Technical Standards and Network Integrity, NCC. Engr. Bako Wakil ; Executive Vice Chairman/CEO Nigerian Communications Commission NCC, Prof Umar Garba Danbatta and Director, Public Aﬀairs NCC. Dr. Ikechukwu Adinde, during the Handover of the Security and Emergency Management Award (SAEMA) 2020 to the EVC in Abuja…. recently

Senior Special Assistant to thePresident on Media and Publicity, Malam Garba Shehu; Personal Assistant to the President on New Media, Bashir Ahmad; Chief of Staﬀ to the President, Prof. Ibrahim Gambari during the President’s audience with the Youth Wing of All Progressive Congress at the Presidential Villa in Abuja... recently

Kwara State Governor AbdulRahman AbdulRazaq (middle) marking his 61st birthday anniversary with students of School of Special Needs, in Ilorin...recently

T H I S D AY ˾ Ͷ, 2021

CITYSTRINGS

ÜÙßÚ ÏËÞßÜÏÝ ÎÓÞÙÜ˝ ÒÓÏ×ÏÖÓÏ äÏÙÌÓ ×ËÓÖ ÍÒÓÏ×ÏÖÓÏ˛ÏäÏÙÌÓ̶ÞÒÓÝÎËãÖÓàÏ˛ÍÙ×˜ ͖͕͔͑͑͒͑͒͑͑͘

Developing Modern Transport Infrastructure in Nasarawa An ultra modern bus terminal is underway in Nasarawa State to spur socio-economic development, wean the state from over reliance on federal allocation and also present employment opportunities for the youth, writes Igbawase Ukumba

t will not be an understatement that Nasarawa State is presently facing inadequate infrastructure with attendant increase in the cost of doing business, resulting in lower return on investment, fewer jobs and less productive force with attendant negative effect on the state's economy. Perhaps, it was in this vein that Governor Abdullahi Sule's administration took a delibrate steps to diversify the economy of Nasarawa State, in a determination to wean the state from over reliance on federal allocation. One of such initiatives was the official flagging-off of the construction work on a 900-vehicle capacity Karu Mega Bus Terminal in January, 2020 estimated to cost over N1.9 billion. With commencement of the project, the governor took a bold step towards not only tackling internal revenue issue of the state, but also addressing the perennial traffic congestion along the Keffi - Abuja expressway, particularly along the Mararaba-Nyanyan axis. Speaking at the when flaggingoff construction of the Karu Ultra Modern Bus Terminal in May last year, Governor Sule said the bus terminal was expected to collapse about 22 bus stops located on the Karu - Abuja corridor when completed. Acccording to the governor, "the Ultra Modern Bus Terminal, when completed, will change the traffic management scheme of the area and ultimately see the full take off of the Muhammadu Buhari International Market, Karu. And by extension, the project will positively affect the economy and social wellbeing of people of the state. "The project will also ease off the perpetual traffic congestion leading to the Federal Capital Territory (FCT), just as it will bring together over 22 motor parks scattered along Nyanya - Mararaba axis." Recalling the commitment of his administration to work hard and add value to what was happening in the state, Sule expressed gratitude that that was being fulfilled through the flagging-off of the construction of the terminal. "The rapid growth in transportation demand has overwhelmed the existing capacity, thereby causing serious challenges, which government has to contend with, in our determination to ensure sustainable development," the governor maintained. Welcoming guests at the flag off ceremony, the state Commissioner for Works, Housing and Transport, Chief Philip Dada, described transportation as the live wire of the economic development of any nation, stressing that the present administration was embarking on massive road development with a view to transforming the economic landscape of the state. He explained that government conceived the idea of the Mega Bus Terminal in Karu in order to address the chaotic nature and proliferation of motor parks in the area. He said: "This project is a huge investment in an infrastructure that will boost economic activities along the Abuja - Karu axis and increase the revenue generation of the state. It will also present

Karu Ultra Modern Terminal undergoing construction

Gov Sule (left) receiving brief from a site engineer during the inspection at Karu Terminal

employment opportunities for our teeming youths." He however disclosed that government was going to build similar structures in Lafia, Akwanga and Keffi towns in the state. For the principal partner of Canonic Associates, consultants for the project, Arch. Shehu Tukur, the Karu Ultra Modern Bus Terminal was the fourth largest in the country. Acccording to Tukur, "the terminal comprises a terminal building for arrival and departure, customer services facilities like banking hall/ ATM centre, parking area for about 900 vehicles, drivers' lounges, public toilets, bus stop, shops and cargo units, among others." He disclosed that it was expected that by the time the project is completed, 37 motor parks located along the Mararaba - Nyanya axis, licenced by the Nasarawa State Urban Development Board ( NUDB), will all collapse into the Karu Ultra Modern Bus Terminal, thus introducing sanity along the expressway leading to the Federal Capital Territory. He said: "Our target is that by

the time this project is completed, these 37 motor parks will all collapse into the bus terminal. We have 900 vehicle parking capacity and this is far more than enough for the entire 37 parks." Though the outbreak of the COVID-19 pandemic, with its consequential lockdowns, has affected the pace of work on the Karu Ultra Modern Bus Terminal which has 53 weeks completion period, but still contractors on site were working hard to meet the targeted timeline for the project when THISDAY visited the project site recently. This was even as the Project Manager of the Karu Ultra Modern Bus Terminal, Engineer Idris Mohammed, expressed satisfaction with the progress of work, in spite of the challenges posed by the COVID-19 when interacting with our correspondent at the project site. "For the progress of work, we are doing our best despite the challenges of COVID-19, we tried to carry on with skeletal work. That is why we have no problem with the job. ”The Karu Ultra Modern Bus

Terminal project, acccording to the Project Manager, has terminal building as its major component; where arrivals, banking hall restaurant are all included. The ticketing area, the departure and loading bay are all within the terminal building. "We have the cargo unit. We have public toilets; about two. We have the drivers lounge, shops, vehicle washing area, all within the project to complement each other for the benefit of commuters, drivers and the larger society that this project is intended to serve,” the project manager explained. Speaking to a commercial bus driver, Abdullahi Umar, who plies the Abuja - Jos route, on the possible emergence of the Kura Bus Terminal in no distance time, he said the emergence of the bus terminal would, no doubt, cushion the challenges commercial drivers encounter while discharging their duties on the Abuja - Karu corridor. Acccording to the commercial driver, "sincerely speaking, this is a very important project for Nasarawa State and the country at large. It’s a very important project for Karu - Abuja corridor. This is a project that will bring a lot of relief to traffic, to commuters, to anybody plying this route, either from the North-east, South-south or from part of North-central. "Whoever that is plying this route will certainly have some form of relief. It will bring employment, it will bring sanity, security and the traffic congestion within KaruMararaba will certainly go down." Also, a Karu-based food vendor, Mrs Mngohol Zaki Aondover, said the coming up of the bus terminal will open up more business frontiers within the Karu corridor. She said: "We thank Governor Sule for construction of the bus terminal in the Karu axis because many women and youths of the area will be opportune to venture into one form of business or other to take care of themselves and consequently generate revenue to the state to enable the state improve on the its Internally Generated Revenue (IGR).”

T H I S D AY ˾ Ͷ, 2021

CRIME&SECURITY

Special Taskforce Needed to Detect Chief Abuda’s Killers, Ekhomu Posits Stories by Chiemelie Ezeobi

ecurity expert, Dr. Ona Ekhomu has advised the federal government and Edo State government to jointly empanel a special investigative task force that will detect the killers of Chief Dennis Abuda, who was murdered and dumped at the Benin City bypass. He said that a multi-agency task force led by the Nigeria Police will have the synergy and energic resources required to locate, identify and apprehend the killers of the U.S.-based native of Fugar in Etsako Central LGA of Edo State. In a press statement issued in Lagos, Dr. Ekhomu, who doubles as the National President of Association of Industrial Security and Safety Operators of Nigeria (AISSON), said that the murder of Abuda must not be resolved by the usual practice of discounting Nigerian lives. Stressing that the death of Chief Abuda was very sad, distasteful and totemic, he noted that the event must agitate our collective conscience and must be solved. He called for the immediate setting up of a multi-agency task force to be headed by the Edo State Police Commissioner, Mr. Ogbadu, adding that the DSS Edo State Command, the newly formed Edo State Vigilance Service, Operation Wabaizigan and Edo State Special Constabulary must be involved in this task force. He further noted that the operational

Dr. Ekhomu

strategy is to combine human resources as well as investigative and intelligence capacities in resolving the brutal murder of the Edo Chief.

Ekhomu further posited that detecting and arresting the actual perpetrators will restore the confidence and respect of citizens in their government.

“The persons currently held by the Edo State Police Command are merely persons of interest who could have more information about the actual perpetrators,” he added. Also, the security expert advised the Edo State government and prominent Etsako indigenes to put up a reward purse of N20million for information leading to the arrest of the perpetrators. He also advised the Special Investigative Task Force to set up a dedicated tips hot-line where people can provide information, adding that “we must utilise the wisdom of the crowd. Citizens are everywhere and observe happenings. They can give us tips that will lead to the detection of the true killers”. He advised the Edo State government to deploy its newly formed Vigilance Service and Operation Wabaizigan to go into the forest in the vicinity of the kidnap site and hunt for the killers. “All bandits in the forest are liable to arrest and detention on suspicion of capital murder until the actual gunmen are identified and arrested,” he said. Reiterating that Abuda’s death must not be in vain, he also urged prominent Etsako sons and daughters to take ownership of this matter. He said that terrorism and attacks on soft targets are meant to instill shock and fear of the terrorist in the populace. He averred: “we shall not be cowered. We are greater than the terrorists. And as Nigerians, we shall prevail while bandits and kidnappers shall be vanquished”.

CISLAC Engages Media in Campaign for Protection of Civilians in Crisis Period The Civil Society Legislative Advocacy Centre (CISLAC) has engaged the media in its campaign to get legislation that would enhance protection of civilians in crisis periods. CISLAC reiterated the objective of the campaign at the recently held one-day media training on Protection of Civilians (PoC) and Civilian Harm mitigation in Nigeria. Organised with the support from Open Society Initiative for West Africa (OSIWA), the group opined that since human rights are key to protection, there is a vital need for effective monitoring, reporting, and investigation of human rights abuses in the field. According to the advocacy group, the media has a role to play in advocating for a legal framework on the issue of PoC and Civilian Harm Mitigation. According to CISLAC Program Manager, Mr. Salaudeen Hashim, PoC is new in the whole of Africa continent and if Nigeria begins to legislate and begin to design in-house mechanism that works, it will help develop Civilian Harm Mitigation infrastructure. He said: “Because we are pushing for legislation, it becomes imperative to engage with the media, so that they can

Executive Director CISLAC/ Head of Transparency International Nigeria, Auwal Musa Rafsanjani

actually take this forward as a medium to begin to influence decision makers in terms of how they go forward from

here.” He held that since PoC is new, his organisation felt that the media ought

to be brought into the conversation and allow them to understand the concept as well as get deeper into the ingredients that the law should actually begin to be advocated for. “PoC is new, so if Nigeria goes on to put that policy framework in place, it becomes the first in the whole of Africa to do so. And I think that those within the regime and corridors of power will want their name to go down well in history.” Acknowledging the challenges facing the media, Hashim said that the media is a reflection of every larger society and of course, every sector and profession in this country has got its own challenge. He added “We can not ignore the successes the media has recorded over the years. Post-independent Nigeria, the media has been very strategic and has come thus far, and I think that is not arguable and I think they’ve indeed provided a whole lot of contribution in terms or national development. “I think the media has a whole lot to play in terms of influencing and advocating for a legislation on Protection of Civilians and that is why we believe in using different of their own contacts to push this conversation going forward.”

Delta Police Raises Alarm over Connivance of Communities in Violent Crimes Sylvester Idowu in Warri The Delta State Commissioner of Police, Ali Muhammed has raised the alarm over alleged connivance of communities in series of kidnapping and armed robbery cases in the state. He however assured that he has devised strategies in curbing the trend to ensure a safer environment for law abiding people to thrive in their daily activities. CP Muhammed, while speaking when he paid an official visit to Warri Area Com-

mand and the Nigeria Union of Journalists (NUJ), Warri Correspondents chapel, gave an example of an arrested kidnap suspect who claimed they couldn't succeed without the connivance of the communities. "A suspect was arrested for kidnapping, murder and armed robbery and for collecting ransom. He confessed that they cannot do anything without the consent of the people of the area." CP Muhammed, who recently assumed duty as the state police boss, noted that there are internal collaborators with criminals

around the various communities and that it was the reason why cultism and kidnappings thrive in the society. He urged the traditional rulers, youth leaders and caregivers to collaborate with the police in the fight against cultism and kidnappings assuring that he would work with various groups, including community leaders to ensure a safer state. Muhammed noted that the police cannot fight the menace alone just as he stressed the need for members of the community to partner the police in the fight against the

monster which is causing serious havoc in the society. The Police Boss, who was accompanied by the Deputy Commissioner of Police, Sunday Faleye; Warri Area Commander, Abubakar Argungu; CSP Graham Imadeh and PPRO, DSP Onome Onovwakpoyeya, also assured that no human rights abuse would be tolerated under his watch. He warned that “no policeman will kill anybody and blame it on "accidental discharge". You must know how to handle your fire arms,” he posited.

T H I S D AY ˾ Ͷ , 2021

BUSINESS/MONEYGUIDE

FG Warns Farmers against Early Planting Kasim Sumaina ÓØ ÌßÔË The federal government has cautioned farmers against early planting in 2021 farming season due to severe dry spell that is expected in many parts of the country. The Minister of Aviation, Senator Hadi Sirika, while speaking at the Annual Season Climate Prediction (SCP) for 2021 weather prediction, warned farmers that Nigeria will experience early rain, as early as 1st of March 2021. He, however, said farmers should not be deceived by the rain as it would not be consistent, saying it would be followed by a long dry spell. Sirika stated that, “a normal to above-normal annual rainfall amount is expected for most parts of the country. “However, below-normal

rainfall totals are expected over a few places in the North-western parts of the country such as Sokoto, Kebbi, Zamfara and Kano states.” He added that, “Pre-Onset Rainfall (False Onset): Before the full establishment of the onset of the planting season over the various ecological zones, a couple of rainfall events are expected to occur which could be enormous and tend to give a false start of the season.” According to him, such rainfall events are not uncommon, but their frequency seems to be on the rise. “Some forcing functions have been observed to be likely responsible and will be monitored carefully and keep Nigerians informed. “Farmers should therefore avoid early planting

during this period to avoid losses,” he added. The minister further stressed that, “a severe dry spell is predicted over (Arewa Dandi, Birnin Kebbi, Argungu, Augie) Kebbi, (Illela, Gada, Tangaza, Gudu, Sabon Birni) Sokoto, (Shinkafi, Birnin Magaji, Maradun, Zurmi) Zamfara, (Kaita, Mashi, Mai’Adua, Katsina, Dutsi, Daura, Baure, Zango) Katsina, (Gwiwa, Yankwashi, Gumel, Birniwa, Sule-Tankarkar), and (Guri, Kiri Kasama) in Jigawa. “(Machina, Nguru, Yusufari, Yunusari, Karasuwa, Barde, Jakusko, Geidam) Yobe and (Abadam, Mobbar, Kukawa, Guzamala, Gubio, Nganzai, Monguno) Borno state in the months of June and July which may last between 2-3 weeks after the Onset.”

Ecobank to Raise $300m from International Debt Market Goddy Egene Ecobank Transnational Incorporated (ETI) has disclosed plan to raise $300 million senior notes from the international debt capital market. The group revealed this in a notification to the Nigerian Stock Exchange (NSE) last Friday. According to the group, the funds would be raised by its key subsidiary, Ecobank Nigeria Limited and the transaction is pursuant to the United States Securities and Exchange Commission Rule 144A and Regulation S. ETI explained that the proceeds of the Eurobond would provide medium term funding and help to enhance the capacity of the bank to support international trade and service in Africa. “Further, the Notes, which will

be issued through a Dutch special purposes funding vehicle, will be listed on the London Stock Exchange. In view of the foregoing, ETI is pleased to notify the Nigerian Stock Exchange and the investing public of the proposed launch of the Notes by the bank. “The bank intends to list the Notes on the London Stock Exchange, with the expectation that the Notes will be traded on its regulated market,” it said. The group disclosed that the Central Bank of Nigeria (CBN) has confirmed that it has no objection to the transaction, adding that the transaction is subject to prevailing market conditions and the conclusion of the necessary documentation. Ecobank Group recorded a revenue of over N630 billion for the year ended December 31,

2020, representing a growth of seven per cent when compared to N586.9 posted in 2019. Also, value of its total assets now stood at N10.2 trillion after a 19 per cent rise above N8.591 trillion. The bank also recorded improved performance in other key financial indices despite the harsh operating environment with deposits from customers went up 23 per cent to N7.3 trillion from N5.9 trillion; loans and advances to customers grew by nine per cent to N3.7 trillion, from N3.4 trillion. However, despite the bank’s good showing in deposits from customers and revenue, profits was impacted by the provisioning for goodwill of about N60 billion for the acquisition of Oceanic Bank in 2011.

NCC, Others to Strengthen Collaboration with FIRS Emma Okonji The inter-agency committee set up by the Minister of Communications and Digital Economy, Dr. Isa Ibrahim Pantami, recently held an interactive session with the Federal Inland Revenue Service (FIRS) in Abuja, where they discussed areas of collaboration in relation to the Finance Act 2020. Chaired by the Executive Vice Chairman (EVC) of the Nigerian Communications Commission (NCC), Prof. Umar Garba Danbatta, the membership of the committee is made up of the Executive Chairman of FIRS and heads of the six agencies in the ministry, which include NCC,

National Information Technology Development Agency (NITDA), Galaxy Backbone, Nigerian Communications Satellite Limited (NIGCOMSAT), National Identity Management Commission (NIMC), and Nigerian Postal Service (NIPOST). The Committee was set up to discuss critical areas of synergy for the implementation of key provisions in the amended Finance Act 2020 as they affect the operations of the agencies in the ministry. On December 31, 2020, President Muhammadu Buhari signed the Finance Bill 2020 into law. The new law, now the Finance Act 2020, which introduced over 80 amendments to 14 different laws, took effect from January

1, 2021. According to a statement issued shortly after the committee’s meeting by NCC and signed by its Director, Public Affairs, Dr. Ikechukwu Adinde, “Some of the amendments have implications for agencies under the ministry, especially regarding the provision of information for tax purposes and deployment of technology for tax operations in the country, among others.” Speaking at the interactive session, Danbatta stated that, “the objective of the interactive session is to deliberate on areas of collaboration between agencies in the ministry and FIRS for the common good of the economy.”

BrandCo Launches Adidas Franchise in Nigeria Sunday Ehigiator BrandCo Nigeria Limited, a leading fashion brand in Nigeria, through its retail expression called bCODE, has acquired and launched an Adidas franchise in Lagos and Abuja. The franchise gotten recently, just like other franchises with Sketchers and Havaianas, obtained by the brand, makes it the only licenced store by Adidas in Nigeria to sell or distribute any of its product. Speaking with journalists recently, the company’s CEO,

Wonuola Okoye said bCODE was a, “wellness fashion and lifestyle multi-brand retailer that sells apparels, accessories and footwear by Adidas, Skechers and Havaianas.” “Essentially, we are the go-to brand for athleisure and for sports. So we deal in all types of products, whether it’s footwear or apparel. We are the go-to brand in that space, and we are definitely making a statement.” She added: “So far we have 14 stores across Nigeria and West Africa. These includes the ones we just launched this week. We plan

to launch across pan-Africa, so we are looking into other countries like Senegal, Cameroon, etc. “But right now, we are very excited about Adidas because it is the third largest revenue generating sports business in the world, second to Skechers. That means two of the top three sports brands in the world are in our possession, as we are the franchise owners for these businesses in this region. “We have launched Adidas in two major states in Nigeria: one in Ikeja City Mall, Lagos and the other at Jabi Lake Mall, Abuja.”

MARKET INDICATORS MONEY AND CREDIT STATISTICS

(MILLION NAIRA)

JULY 2020 Money Supply (M3)

36,822,751.47

-- CBN Bills Held by Money Holding Sectors

3,476,121.25

Money Supply (M2)

33,346,630.22

-- Quasi Money

120,764,479.02

-- Narrow Money (M1)

12,582,151.19

---- Currency Outside Banks

2,002,026.89

---- Demand Deposits

10,580,124.31

Net Foreign Assets (NFA)

7,637,137.23

Net Domestic Assets(NDA)

29,185,614.24

-- Net Domestic Credit (NDC)

39,711,115.95

---- Credit to Government (Net)

19,521,851.08

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

0.00

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

0.00

---- Credit to Private Sector (CPS)

-130,189,264.87

--Other Assets Net

3,472,017.70

Reserve Money (Base Money

13,421,827.07

--Currency in Circulation

2,395,917.03

--Banks Reserves --Special Intervention Reserves

11,025,910.04 317,234.17

˾ ÙßÜÍÏ ̋

Money Market Indicators (in Percentage) Month

March 2018

Inter-Bank Call Rate

15.16

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

14.00

Treasury Bill Rate

11.84

Savings Deposit Rate

4.07

1 Month Deposit Rate

8.82

3 Months Deposit Rate

9.72

6 Months Deposit Rate

10.93

12 Months Deposit Rate

10.21

Prime Lending rate

17.35

Maximum Lending Rate

31.55

˾ ÙØÏÞËÜã ÙÖÓÍã ËÞÏ ̋ ͯͱϱ

OPEC DAILY BASKET PRICE AS AT THURSDAY, 4 FEBRUARY 2021

The price of OPEC basket of thirteen crudes stood at $58.25 a barrel on Thursday, compared with $57.72 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), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). SOURCE: OPEC headquarters, Vienna

T H I S D AY ˾ Ͷ ˜ ͰͮͰͯ

Briclinks Africa Plc Lists on NSE Growth Board Goddy Egene The Nigerian Stock Exchange (NSE) last Friday admitted Briclinks Africa Plc to its Growth Board with the listing by introduction of 10 million ordinary shares of N1.00 each at N6.26 per share. The listing was commemorated with a digital closing gong ceremony where the Chief Executive Officer, Briclinks Africa Plc, Mr. Mohammed Buhari, had the honour of bringing the day’s

trading to an end. Speaking at the ceremony, the Chief Executive Officer, NSE, Mr. Oscar Onyema, said: “We are delighted to welcome Briclinks Africa Plc to the exchange. This listing is a milestone in our desire to accommodate small and medium-sized enterprises (SMEs) that hitherto have been underrepresented in public markets. “It is indeed a critical step in the NSE’s efforts towards greater representation of growth companies

P R I C E S MAIN BOARD

F O R DEALS

on the bourse. With this listing, we encourage Briclinks Africa Plc as it commences life as a publicly quoted company to continue to abide by its post listing obligations whilst striving for transparency as this would ultimately create value to shareholders.” On his part, Buhari said: “It is with great pleasure that we at Briclinks Africa Plc attend this special event to mark our listing on the Growth Board of the NSE. We have dreamt about

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

QUANTITY TRADED

VALUE TRADED ( N )

this day and worked towards it with effervescence right from the moment we decided to be listed on the NSE about 17 months ago. “We have from this process emerged as a better entity welltuned to corporate best practices and culture. We would like at this point to thank our financial advisers to the listing, Afrinvest Securities, and the NSE team for their untiring support and guidance in making this day a reality.” Briclinks Africa Plc com-

T R A D E D MAIN BOARD

A S

menced its business operations as a telecommunications/general contract company in July 2018 after it was issued an Internet Service Provider (ISP) license by the Nigerian Communications Commissions (NCC). NSE launched the Growth Board in January 2020 to encourage companies with high growth potential to seize the opportunity of raising long term capital and promote liquidity in the trading of their shares. The NSE Growth

O F

Board is home to McNichols Plc, Living Trust Mortgage Bank Plc, Chellarams Plc, The Initiaties Plc and now, Briclinks Africa Plc. On the back of its achievement of all-around increased efficiency in terms of competitive pricing structures, improved turnaround time, and enhanced customer experience, The exchange remains an attractive listing destination as current market conditions favour capital-raising activities across various asset classes.

0 5 / 0 2 / 2 0 2 1 DEALS

MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N)

˾ MONDAY, FEBRUARY 8, 2021

േ

7 R S * D L Q H U V T ic k er NNFM GUA R A N T Y

7 R S 7 U D G H V E \ 9 R O X P H

P ric e

P ric e C hg %

T ic k er

8.65

9.8%

UB N

78.2

0.0%

36.00

9.1%

Z EN IT H B A N K

52.8

-2.8%

0.24

9.1%

T R A N SC OR P

31.2

0.0%

M ULT IVER SE

0.24

9.1%

UB A

26.9

-3.4%

M C N IC H OLS

0.73

9.0%

C OUR T VILLE

25.8

5.0%

F T N C OC OA

0.52

8.3%

GUA R A N T Y

24.0

9.1%

SOVR EN IN S

0.27

8.0%

M B EN EF IT

23.0

-5.0%

J A IZ B A N K

0.72

5.9%

A C C ESS

19.0

-3.9%

C OUR T VILLE

0.21

5.0%

R T B R ISC OE

18.9

4.8%

R T B R ISC OE

0.22

4.8%

FB NH

18.1

-1.4%

T ic k er

Afrinvest West Africa Limited

P ric e C hg %

A F R IN SUR E

7 R S / R V H U V

Vo lum e

7 R S 7 U D G H V E \ 9 D O X H

P ric e

P ric e C hg %

T ic k er

Value

P ric e C hg %

P H A R M D EKO

1.35

-10.0%

Z EN IT H B A N K

1374.9

-2.8%

P OR T P A IN T

3.15

-10.0%

M TNN

858.2

-0.6%

F ID SON

5.54

-9.9%

GUA R A N T Y

814.5

9.1%

T R A N SC OH OT

3.25

-9.7%

UB N

453.7

0.0%

C H A M P ION

2.77

-9.5%

ST A N B IC

424.7

0.0%

GUIN EA IN S

0.20

-9.1%

D A N GSUGA R

329.8

-4.8%

LIN KA SSUR E

0.60

-9.1%

UB A

229.5

-3.4%

FCM B

3.20

-8.6%

A C C ESS

163.3

-3.9%

H ON YF LOUR

1.30

-8.5%

FB NH

129.9

-1.4%

NP FM CRFB K

1.80

-8.2%

GUIN N ESS

79.0

0.0%

Brokerage

Asset Management

Investment Research

Adedoyin Allen | aallen@afrinvest.com

Rombert Omotunde | romo-

Abiodun Keripe |akeripe@afrinvest.com

Taiwo Ogundipe | togundi-

Christopher Omoh | comoh@afrinvest.com

Adedayo Bakare | abakare@afrinvest.com

MONDAY, FEBRUARY 8, 2021 ˾ T H I S D AY

MARKET NEWS

Global Spectrum Energy Services Grows Profit after Tax to N196m Goddy Egene

Services Plc has reported N195.589 million for the year in 2019. Details of the results billion in 2020 compared a growth of 160 per cent ended December 31, 2020, showed that the company with N2.458 billion in 2019. Global Spectrum Energy in profit after tax (PAT) to from N75.098 million posted recorded a revenue of N2.227 Profit before tax rose from A Mutual fund (Unit Trust) is an investment floor of the Nigerian Stock Exchange. Offer price: The price at which units of a trust or vehicle managed by a SEC (Securities and A REIT (Real Estate Investment Trust) is an ETF are bought by investors. Exchange Commission) registered Fund Manager. investment vehicle that allows both small and Bid Price: The price at which Investors Investors with similar objectives buy units of the large investors to part-own real estate ventures (eg. redeem (sell) units of a trust or ETF. Fund so that the Fund Manager can buy securities Offices, Houses, Hospitals) in proportion to their Yield/Total Return: Denotes the total that willl generate their desired return. investments. The assets are divided into shares that return an investor would have earned on An ETF (Exchange Traded Fund) is a type are traded on the Nigerian Stock Exchange. his investment. Money Market Funds report of fund which owns the assets (shares of stock, Yield while others report Year- to-date Total bonds, oil futures, gold bars, foreign currency, GUIDE TO DATA: Return. etc.) and divides ownership of those assets into Date: All fund prices are quoted in Naira as at 04- NAV: Is value per share of the real estate shares. Investors can buy these ‘shares’ on the Feb-2021, unless otherwise stated. assets held by a REIT on a specific date.

N112.697 million to N230.105, while PAT stood at N195.589 million.

DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS MUTUAL FUNDS / UNIT TRUSTS AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 818 885 6757 Fund Name Bid Price Offer Price Yield / T-Rtn Afrinvest Equity Fund N/A N/A N/A Afrinvest Plutus Fund N/A N/A N/A Nigeria International Debt Fund N/A N/A N/A Afrinvest Dollar Fund N/A N/A N/A ALTERNATIVE CAPITAL PARTNERS LTD info@acapng.com Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 Fund Name Bid Price Offer Price Yield / T-Rtn ACAP Canary Growth Fund 1.07 1.09 19.15% ACAP Income Funds 0.63 0.63 -13.46% AIICO CAPITAL LTD ammf@aiicocapital.com Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-Rtn AIICO Money Market Fund 100.00 100.00 0.31% AIICO Balanced Fund 3.56 3.71 0.03% ANCHORIA ASSET MANAGEMENT LIMITED info@anchoriaam.com Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Money Market 100.00 100.00 0.54% Anchoria Equity Fund 137.32 138.13 2.61% Anchoria Fixed Income Fund 1.20 1.20 -10.83% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-Rtn ARM Aggressive Growth Fund 18.96 19.53 4.52% ARM Discovery Balanced Fund 400.67 412.75 0.08% ARM Ethical Fund 35.61 36.68 5.64% ARM Eurobond Fund ($) 1.22 1.23 0.30% ARM Fixed Income Fund 1.08 1.08 -3.72% ARM Money Market Fund 1.00 1.00 0.36% AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn AXA Mansard Equity Income Fund 132.58 133.51 5.08% AXA Mansard Money Market Fund 1.00 1.00 1.30% CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Web: www.capitalexpressassetandtrust.com ; Tel: +234 803 307 5048 Fund Name Bid Price Offer Price Yield / T-Rtn CEAT Fixed Income Fund 2.09 2.09 -33.62% Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) 2.27 2.32 12.84% CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapelhill Denham Money Market Fund 100.00 100.00 1.92% Paramount Equity Fund 16.87 17.19 5.51% Women's Investment Fund 137.35 138.96 3.22% CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 1.25% Cordros Milestone Fund 2023 133.68 134.58 Cordros Milestone Fund 2028 N/A N/A Cordros Dollar Fund ($) 108.55 108.55 CORONATION ASSEST MANAGEMENT investment@coronationam.com Web:www.coronationam.com , Tel: 012366215 Fund Name Bid Price Offer Price Yield / T-Rtn Coronation Money Market Fund 1.00 1.00 1.44% Coronation Balanced Fund 1.19 1.21 -0.62% Coronation Fixed Income Fund 1.56 1.56 -1.62% EDC FUNDS MANAGEMENT LIMITED mutualfundng@ecobank.com Web: www.ecobank.com Tel: 012265281 Fund Name Bid Price Offer Price Yield / T-Rtn EDC Nigeria Money Market Fund Class A 100.00 100.00 1.04% EDC Nigeria Money Market Fund Class B 1,000,000.00 1,000,000.00 1.07% EDC Nigeria Fixed Income Fund 1,185.95 1,187.60 -1.23% FBNQUEST ASSET MANAGEMENT LTD invest@fbnquest.com Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Fixed Income Fund 1,358.64 1,358.65 -2.91% FBN Balanced Fund 189.31 190.73 0.87% FBN Halal Fund 110.76 110.76 -0.69% FBN Money Market Fund 100.00 100.00 1.01% FBN Nigeria Eurobond (USD) Fund - Institutional 123.57 123.57 1.63% FBN Nigeria Eurobond (USD) Fund - Retail 123.71 123.71 1.62% FBN Smart Beta Equity Fund 156.66 158.78 3.62% FCMB ASSET MANAGEMENT LIMITED fcmbamhelpdesk@fcmb.com Web: www.fcmbassetmanagement.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Money Market Fund N/A N/A N/A Legacy Debt Fund N/A N/A N/A Legacy Equity Fund N/A N/A N/A Legacy USD Bond Fund N/A N/A N/A FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-Rtn Coral Growth Fund 3,906.43 3,954.84 3.97% Coral Income Fund 3,323.30 3,323.30 1.75% FSDH Treasury Bills Fund 100.00 100.00 2.99% GREENWICH ASSET MANAGEMENT LIMITED assetmanagement@gtlgroup.com Web: www.gtlgroup.com ; Tel: +234 1 4619261-2 Fund Name Bid Price Offer Price Yield / T-Rtn Greenwich Plus Money Market Fund 100.00 100.00 0.60% Nigeria Entertainment Fund 129.07 129.60 20.02%

GROWTH & DEVELOPMENT ASSET MANAGEMENT LIMITED assetmanagement@gdl.com.ng Web: www.gdl.com.ng ; Tel: +234 9055691122 Fund Name Bid Price Offer Price Yield / T-Rtn GDL Money Market Fund N/A N/A N/A INVESTMENT ONE FUNDS MANAGEMENT LTD enquiries@investment-one.com Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-Rtn Abacus Money Market Fund 100.00 100.00 0.19% Vantage Balanced Fund 2.83 2.90 -1.92% Vantage Guaranteed Income Fund 1.00 1.00 4.50% Kedari Investment Fund (KIF) 155.78 156.30 0.26% LOTUS CAPITAL LTD ﬁncon@lotuscapitallimited.com Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-Rtn Lotus Halal Investment Fund 1.46 1.48 1.38% Lotus Halal Fixed Income Fund 1,131.74 1,131.74 0.79% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund N/A N/A N/A Meristem Money Market Fund N/A N/A N/A PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Balanced Fund 1.67 1.70 8.21% PACAM Fixed Income Fund 12.19 12.31 8.64% PACAM Money Market Fund 10.00 10.00 1.50% PACAM Equity Fund 1.69 1.71 PACAM EuroBond Fund 108.84 111.38 SCM CAPITAL LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn SCM Capital Frontier Fund 135.88 138.93 12.85% SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-Rtn SFS Fixed Income Fund 1.01 1.01 0.65% STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Balanced Fund 2,521.35 2,532.80 1.18% Stanbic IBTC Bond Fund 210.33 210.33 0.36% Stanbic IBTC Ethical Fund 0.88 0.89 2.54% Stanbic IBTC Guaranteed Investment Fund 273.87 273.95 0.43% Stanbic IBTC Iman Fund 154.92 156.64 1.42% Stanbic IBTC Money Market Fund 100.00 100.00 0.28% Stanbic IBTC Nigerian Equity Fund 7,674.15 7,756.30 0.56% Stanbic IBTC Dollar Fund (USD) 1.23 1.23 0.51% Stanbic IBTC Shariah Fixed Income Fund 111.46 111.46 0.34% UNITED CAPITAL ASSET MANAGEMENT LTD Web: www.unitedcapitalplcgroup.com; Tel: +234 803 306 2887 Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Balanced Fund 1.43 1.46 4.74% United Capital Bond Fund 1.90 1.90 0.57% United Capital Equity Fund 0.91 0.94 5.35% United Capital Money Market Fund 1.00 1.00 1.63% United Capital Eurobond Fund 117.72 117.72 0.54% United Capital Wealth for Women Fund 1.10 1.12 1.53% United capital Sukuk Fund 1.02 1.02 1.80% QUANTUM ZENITH ASSET MANAGEMENT & INVESTMENTS LTD service@quantumzenithasset.com.ng Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Equity Fund 12.56 12.69 5.93% Zenith Ethical Fund 13.90 14.02 13.77% Zenith Income Fund 24.13 24.13 0.67% Zenith Money Market Fund 1.00 1.00 1.94%

REITS NAV Per Share

Yield / T-Rtn

121.32 52.52

0.48% 0.23%

Bid Price

Offer Price

Yield / T-Rtn

13.41 126.93 100.88

13.51 126.93 102.78

1.47% 4.26% 1.53%

Fund Name SFS Skye Shelter Fund Union Homes REIT

EXCHANGE TRADED FUNDS Fund Name Lotus Halal Equity Exchange Traded Fund SIAML Pension ETF 40 Stanbic IBTC ETF 30 Fund

VETIVA FUND MANAGERS LTD Web: www.vetiva.com; Tel: +234 1 453 0697

funds@vetiva.com Bid Price

Offer Price

N/A

Vetiva Consumer Goods Exchange Traded Fund

N/A

Vetiva Grifﬁn 30 Exchange Traded Fund Vetiva Money Market Fund Vetiva Industrial Goods Exchange Traded Fund

N/A N/A N/A

Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund

N/A

NAV Per Share

Yield / T-Rtn

108.05

13.11%

Fund Name Vetiva Banking Exchange Traded Fund

Yield / T-Rtn

INFRASTRUCTURE FUND Fund Name Chapel Hill Denham Nigeria Infrastructure Debt Fund

The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.

MONDAY FEBRUARY 8, 2021 •T H I S D AY

MONDAY FEBRUARY 8, 2021, ˾ T H I S D AY

NEWSXTRA

Supreme Court Upholds Statoil’s Appeal Says Federal High Court has no jurisdiction to hear case Davidson Iriekpen The Supreme Court yesterday upheld the appeal filed by a Norwegian oil firm, Statoil Nigeria Limited (now Equinox Nigeria Limited), against the judgment of the Federal High Court in Lagos which ordered it to pay an indigenous company, Inducon Nigeria Limited and its promoter, Dr. John Abebe 1.5per cent net profit interest accruable to it from the three oil blocks allocated to them for bringing it to Nigeria to explore oil resources. In a unanimous decision, the apex court agreed with Statoil that the Federal High Court did not have jurisdiction to hear the case in 2010. The five-man panel of the court said Abebe and his company, Inducon, should have filed the case at the Lagos High Court which should have been the proper place to start the case, and not at the Federal High Court. Abebe and his company had in 2010 filed an action against Statoil at the Federal High Court in Lagos, contending that he brought them to Nigeria in 1990 to do business. He said he was informed by British Petroleum (BP) that it was interested in pursuing opportunities in the Nigerian oil industry together with its partner, Statoil of Stavanger, Norway with whom it had entered into an alliance agreement. According to him, the alliance, as it was represented to him, would present the first ever

opportunity for Statoil, then an indigenous Norwegian company, to operate outside its home base, Norway, and to venture into West Africa, among others. They argued that at all material times, he was told that BP and Statoil would be equal partners on a 50:50 basis in the alliance and that although the alliance would not be set up as a separate legal personality, the two companies would operate as one. The plaintiffs added that he was also instrumental to ensuring that the production sharing contracts for the blocks were signed with the Nigerian National Petroleum Corporation (NNPC) and the Department of Petroleum Resources (DPR). The businessman said much of the achievements the two companies made in Nigeria then were due to his extensive contacts in government and the oil and gas sector. He argued that Statoil was granted those blocks because of the policy of indigenous participation and transfer of technology in the oil industry and that since Statoil entered Nigeria as a result of that policy, it denied that the policy existed and has failed to live up to its undertaking to encourage the promotion of indigenous participation in the Nigerian oil industry. But in its defence, Statoil described Abebe’s claims as unfounded, adding he and his company were retained by the company throughout most of the

SERAP Urges W’Bank to Publish Documents on $500m Electricity Projects in Nigeria Udora Orizu in Abuja Socio-Economic Rights and Accountability Project (SERAP) has urged the World Bank to release information concerning its $500million fund for electricity projects in Nigeria. The World Bank board of directors had last week approved $500million to help boost access to electricity in Nigeria and improve the performance of the electricity distribution companies (Disco) in the country. SERAP, in the request, addressed to the World Bank President, Mr. David Malpass, said it would appreciate it if the bank could release archival records to identify and name any executed projects, Nigerian officials, ministries, departments and agencies (MDA) involved in the execution of such projects. In the request dated February 6, 2021, which was signed by its Deputy Director, Kolawole Oluwadare, the organisation urged the bank to also explain the rationale for the approval of $500million, despite reports of widespread and systemic corruption in the sector, and the failure of the authorities to enforce a court judgment ordering the release of details of payments to allegedly corrupt electricity contractors, who failed to execute any projects. SERAP said: “This application is brought pursuant to the World Bank’s ‘Access to Information Policy’, which is aimed at maximising access to information and promote the public good. There is public interest in

Nigerians knowing about the bank’s supervisory role, and specifically its involvement in the implementation of electricity projects, which it has so far funded. “The $500million is part of the over $1 billion available to Nigeria under the project titled: Nigeria Distribution Sector Recovery Programme. We would be grateful for details of any transparency and accountability mechanisms under the agreement for the release of funds, including whether there is any provision that would allow Nigerians and civil society to monitor the spending of the money by the government, its agencies, and electricity distribution companies. “Should the bank fail and/or refuse to release the information and documents as requested, SERAP would file an appeal to the Secretariat of the Bank’s Access to Information Committee to challenge any such decision, and if it becomes necessary, to the Access to Information Appeals Board. SERAP may also consider other legal options outside the Bank’s Access to Information framework. “SERAP is seriously concerned that the funds approved by the bank are vulnerable to corruption and mismanagement. The World Bank has a responsibility to ensure that the Nigerian authorities and their agencies are transparent and accountable to Nigerians on how they spend the approved funds for electricity projects in the country, and to reduce vulnerability to corruption and mismanagement.”

1990s and that the contract had long been terminated. It stated that the role of the businessman was to offer advice and assistance in connection with its business in Nigeria and that for a period, he had a seat on the board of Statoil’s Nigerian subsidiary until the alliance it had BP was dissolved in 1999. Statoil

wondered that if there was actually an oral agreement as claimed by Abebe, why did he not use his position as the vice-chairman of the oil firm from 1991 to 1997 to regularise it, stating that from the plaintiffs’ own evidence, there was no conceivable evidence to show that there was an agreement between them.

In his judgment, Justice Charles Archibong affirmed Abebe’s submissions and held that there was indeed an agreement between him, BP and Statoil contrary to the claim of the oil firm, which must be honoured. Justice Archibong then ordered Statoil to pay Abebe and his company, 1.5per cent net profit

interest accruable to it from the three oil blocks allocated to them for bringing the firm to Nigeria to explore oil resources. Dissatisfied with the judgment, Statoil headed to the Court of Appeal which in 2012, dismissed its appeal and upheld the judgment of the Federal High Court.

EFFECTIVE COLLABORATION...

L-R: Managing Director of APEC-Antwerp/Flanders Port Training Centre and Port of Antwerp International, Mr. Kristof Waterschoot; Director-General, Nigerian Maritime Administration and Safety Agency (NIMASA), Dr. Bashir Jamoh; and Director at Port of Antwerp International, Mr. Mario Lievens, after a meeting at the Nigerian-Belgian Chamber of Commerce, Onikan, Lagos...recently

MarwaVows to Nab Drug Barons in Edo CannabisVillage Edo NDLEA seizes N1.4bn drugs, arrest suspects Adibe EmenyonuinBenin Chairman of the National Drug Law Enforcement Agency (NDLEA), Brig. Gen. Mohammed Buba Marwa (rtd) has again warned drug barons and traffickers still unrelenting in their illicit trade that his agency is equally poised to smoke them out of their hiding places and make them face the consequences of their crime. Marwa issued the warning yesterday while reacting to the arrest of seven drug barons operating four large warehouses in Ukpuje forest, Owan West Local Government Area

of Edo State, where a total of 16, 344 bags of cannabis and seeds, weighing 233, 778kg were seized, in addition to two pump action and one double barrel guns. The estimated street value of the seized illicit drug is put at over N1.4billion. The suspects now in NDLEA custody include; Emmanuel Oki, 62, who is the chairman of the vigilante group in Ukpuje; Chief Odi Sabato, 42, and Bright Inemi Edegbe, 53. Others are Gowon Ehimigbai, 53; Enodi Ode, 37; Ayo Oni, 30 and Akhime Benjamin, 43. According to the Edo State Commander of the anti-drug

agency, Buba Wakawa, this is the largest single concentration of cannabis discovered by the command. He gave the breakdown of the drugs as follows: 318 bags of 80kg each weighing 25,440kg; 15,853 bags of 13kg weighing 206,089kg. However, while the total quantity seized is 2,249kg, others weighing 231,529kg were destroyed inside the warehouses. Wakawa ascribed the success of the operation to the enabling environment created by the new Chairman of NDLEA, Marwa. “We took delivery of two new Hilux operational vehicles presented

to the command last week. This is the first assignment of the vehicles and it turned out to be the best for the command. We are grateful to the chairman, and this is a clear warning that there is no room for drug barons in the State”. Reacting to the development yesterday, Marwa while commending the Commander, men and officers of the Edo State Command as well as those of the Nigeria Army in Benin City, for their support to ensure the success of the operation, said such offensive action will be sustained across the country.

NMA Attacks Health Workers’ Union, Says JOHESU Envious The Nigerian Medical Association (NMA) yesterday warned allied health professionals, under the aegis of the Joint Health Sector Unions, not to usurp the powers and responsibilities of doctors. The President of the NMA, Prof. Innocent Ujah, gave the warning in Abuja during a press conference attended by the body’s National Secretary, Dr. Philips Ekpe, in response to the protest by JOHESU on the public hearing on five related bills, organised by the Senate

Committee on Health. “We appeal to the general public and the National Assembly to ignore the dying voice of the paranoiac JOHESU who have sustained their attacks on Nigerian doctors purely out of jealousy and envy, to get through the backdoor what they could not achieve while in school. “NMA wishes to invite JOHESU members to join forces with the medical and dental practitioners to improve the health circumstances of our

people rather than threatening to go on strike for the wrong reasons at any slightest flimsy excuses. “Finally, I wish to appeal to governments and good spirited individuals to advise members of JOHESU and their cohort to go to medical school to read medicine or forever leave doctors and the medical profession alone. They should stop expressing their frustration towards a very intelligent group and members of the noble profession of human

medicine”, Ujah said in the text of the conference, titled, ‘JOHESU’s outbursts: Time for caution.’ He described the group as “misguided individuals, acting under an amorphous unregistered body unknown to law (and) are hell bent on blackmailing the Senate and particularly the Chairman of its Committee on Health (Senator Ibrahim Oloriegbe) over matters they could not logically advance during the public hearing.”

Kano Transmits Child Rights Bill to State Assembly for Passage Ibrahim Shuaibu in Kano Kano State Executive Council has approved the acceptable version of the proposed bill on Child Rights (protection) Act 2010, which reflected the position of Shari’ah on each section of the Child Rights Act (CRA) 2003 adopted by the federal government. The state Commissioner for Information, Muhammad Garba, disclosed this yesterday as part of resolution of the State

Executive Council meeting held at the Government House in Kano. Garba said the administration of Governor Abdullahi Ganduje, due to his commitment to child welfare, after assenting to the bill on Free and Compulsory Education, developed keen interest in seeing the passage of the CRA. The commissioner said the approved bill, when passed, seeks to protect the rights of the child and would be transmitted

to the state House of Assembly for passage and subsequent assent to the governor. The federal government has adopted the Act in 2003, while Kano State Government, with the support of other relevant stakeholders including the Ulama, academics, nongovernmental organisations, later drafted the bill in 2010. Garba said other approvals by the council included the release of N29, 311, 647.24 million for the 2020/2021 vaccination exercise

which has not been held for three years as a result of the prevailing health risk and high economic loss affecting the pastoral community in the state. The commissioner also announced that approval has been for the release of the sum of N274, 230, 000 million to the state football team, Kano Pillars Football Club, to facilitate smooth conduct of the 2021 season of National Professional Football League.

MONDAY FEBRUARY 8, 2021 ˾ T H I S D AY

NEWSXTRA

NCFront Laments FG’s Inability to Calm Heightening Ethnic Violence, Civil Strife To consult Soyinka, Joda, Nwabueze, Clark, Falae, others

Chuks Okocha in Abuja The leadership of the National Consultative Front (NCFront) has expressed disappointment and worry over the heightening ethnic violence, civil strife and looming anarchy in the country. Also, NCFront said at the weekend that it has set up a national consensus committee to immediately work out inclusive agreements among key leaders of thought and eminent politicians in the country on how to convoke an independent citizen-driven panNigerian constitutional conference of ethnic nationalities, indigenous peoples and various civil society interests in Nigeria by May 1, 2021, to prevent an impeding civil war in the country. According to a statement issued by the National Secretary of the group, Olawale Okunniye, at its last meeting, it resolved that the present government in Nigeria has become helpless, incapacitated and have lost initiative in dealing with the looming anarchy in the country, as ethnic violence, civil and religious strife in the country have now grown from worse to

worst ever in the annals of Nigeria. The statement said its Rescue Nigeria agenda committee led by Dr. Olisa Agbakoba (SAN), Dr. Hakeem Baba Ahmed, among other has sent out invitations to all ethnic nationalities, indigenous peoples and various civil society platforms for registration and participation in the People’s National Conference by March this year. According to the statement, NcFront said it would also consult with some selected eminent statesmen, leaders of thought and state governors like Prof Wole Soyinka, Dr. Ahmed Joda, Prof. Ben Nwabueze (SAN,) Commodore Dan Suleiman, Chief Edwin Clark, Prof Ango Abdullahi, Chief Olu Falae and state governors like Samuel Otorm of Benue State, Aminu Tambuwal of Sokoto State, Nyeson Wike of Rivers State, Babagana Zulum of Borno State, Kayode Fayemi of Ekiti State, Godwin Obaseki of Edo State, Seyi Makinde of Oyo States, among others before the People’s National Conference is convoked. The group explained that the

Kwara APC FactionVows to Participate in Membership Registration Exercise Dissident party members risk suspension, AbdulRazaq threatens Hammed ShittuinIlorin Kwara State elders under the aegis of All Progressives Congress (APC) Integrity Group said to be loyal to Information Minister, Alhaji Lai Mohammed, at the weekend said the ongoing crisis in the party in the state will not stop their members from participating in the party’s registration and revalidation exercise. This is coming as the state Governor, Alhaji AbdulRahman AbdulRazaq, yesterday threatened that those fanning ember of disaffection in the state chapter of the party risk being suspended from the party. The exercise is slated for tomorrow across the 36 states of the federation and Abuja. A stakeholders’ meeting convened by the Senator John Danboyi’s membership registration committee last Wednesday was disrupted by violence that marred the exercise. However, a fresh stakeholders’ meeting was held in Ilorin last Friday to intimate the stakeholders of the party on the registration and revalidation of membership of the APC in the state. Addressing journalists in Ilorin, the state capital, the group’s spokesperson, Umar Shabba, said the group was out to prove that it enjoys majority support in the party among other tendencies. He said: “What the governor’s team is out to achieve is to frustrate us. We’ll not be frustrated. But we’ll not allow dictatorship in the party. Someone cannot be dictating to us.” He foreclosed any reconciliation with the governor, saying the governor was not in any position to call them for any meeting after failed attempts to reconcile their

differences. “Who would have attended a meeting with the governor? With what happened last Wednesday, it’s not safe. It would be unreasonable for us to sit down with the governor again for any meeting,” he stated. Accusing the membership registration committee of bias and unfairness, the APC stalwart said the committee members “are unfit to do any meaningful party registration and revalidation in the state. “We, therefore, reject the committee in its entirety. But we must put on record that Hon Bashir Bolarinwa did not arrive at the venue of the failed stakeholders’ meeting in company of thugs or cultists.” Meanwhile, the state governor, AbdulRazaq, has threatened that those fanning the ember of disaffection in the state chapter of the party risk being suspended from the party. He, however, disclosed that the party would today take decisive action on the dissidents, who he alleged have been hatching series of plots from Abuja to halt the APC membership registration through needless litigation. The governor warned that the aggrieved group, which has been waging war against his administration, should either retrace their steps or quit the party, adding that APC would no longer tolerate their ‘pull him down’ attitude. While thanking the Kwara Central legislator for his quality representation in the National Assembly, the governor assured him that his government would consolidate on the achievements made in line with the change mantra of the APC.

people-driven constitutional dialogue of the NCFront shall be expected to produce a draft people’s constitution for Nigeria by October 1, 2022, and shall be expected to serve as the constitutional template upon which the next elections in Nigeria shall be conducted.

However, NCFront said some of the constitutional working documents already listed to guide the proposed national constitutional consultation include the 1963 Constitution, the 1979 Constitution, the 1989 constitution, the 1995 Constitution, the reports and draft constitutions of the

constitutional conferences under Presidents Olusegun Obasanjo and Goodluck Jonathan in 2005 and 2014 respectively, as well as the proposed peoples’ constitution produced by Peoples’ National Conference (PRONACO) chaired by Chief Anthony Enahoro of blessed memory.

Meanwhile, the leadership of the NCFront also reaffirmed that the group final national consultative retreat, where the emergent mega political movement of the NCFront shall be launched, has now been scheduled to hold between March 29 and 31, 2021.

CELEBRATION OF LIFE…

National Missioner, Ansarudeen Society of Nigeria, Sheikh AbdulRahman Ahmad (left), and Chairman/Chief Executive Officer, Nigerians in Diaspora Commission, Mrs. Abike Dabiri-Erewa, during the 8th day Fidau prayer for her mother, the late Alhaja Sadiat Abeke Erogbogbo, in Ikorodu, Lagos...yesterday KOLAWOLA ALLI

APGA Wins First Election in Niger Laleye Dipo in Minna The All Progressive Grand Alliance (APGA) has made electoral history as it won its first legislative election in Niger State last Saturday. APGA defeated the ADC and the Peoples Democratic Party (PDP) in the by-election for the Magama/Rijau federal constituency which was conducted

last Saturday by the Independent National Electoral Commission (INEC). APGA candidate, Salihu Salleh, polled 22,965 votes to beat his closet challenger, Emmanuel Alamu Endoza of the PDP, who polled 22,507 votes, and the ADC candidate, Halilu Yussuf, who scored 316 votes. The result was announced

by INEC. According to the result sheet made available to THISDAY, the total votes cast in the election were 46,499, while the total valid votes were 45,808 while the total rejected votes were 691. There were 169,000 registered voters in the federal constituency. The All Progressive Congress (APC) did not take part in the

election having been disqualified by the court. There were reported skirmishes in some polling units in Ibeto and Rijau towns, but the election was generally peaceful in other polling units. Three INEC Commissioners, including the National Commissioner in Charge of Voters Education, Mr. Festus Okoye, monitored the election.

Aig-Imoukhuede Institute Commences Leadership Programme for Public Servants TheAig-Imoukhuede Institute and the Africa Initiative for Governance have announced the commencement of the AIG Public Leaders Programme in partnership with the University of Oxford’s Blavatnik School of Government. Introducing the programme, Mr Aigboje Aig-Imoukhuede, Founder and Chairman of the Aig-Imoukhuede Institute, said: “As part of our objectives to drive public

sector transformation, we have been working with the Office of the Head of the Civil Service of the Federation (OHCSF) to build capacity in the Nigerian public sector. “Accordingly, we have leveraged our long-standing relationship with one of the world’s leading schools of government, the University of Oxford’s Blavatnik School of Government, and are bringing their expertise to Nigeria so they can

impart vital skills and knowledge to our next generation of public sector leaders. We are pleased to offer 50 academic scholarships worth 11,500 GBP per participant for all Nigerian public servants who are successful in the application process.” Aig-Imoukhuede said interested public servants should visit the AigImoukhuede Institute’s website to download the programme brochure for further information. He said

applications into the programme will close on the 18th of March, 2021. The AIG Public Leaders Programme affords 50 high potential men and women working in the Nigerian public service a once in a lifetime opportunity to participate in a seven-week world-class leadership programme, run by an accomplished faculty of expert facilitators and teachers from the University of Oxford.

APC’s New Membership Registration, Unique Opportunity forYouths, Says Olaosebikan Kemi Olaitan in Ibadan The Chairman of Media and Publicity Committee for the Membership Registration and Revalidation Exercise of the All Progressives Congress (APC) in Oyo State, Mr. Kehinde Olaosebikan, has said the ongoing exercise offers a unique opportunity for the Nigerian youths to achieve all the positive things they set to achieve with the #EndSARS protest if they are prepared to end the passivity of quality youths in active politics. This is just as he said all the youths need do is to register for

the party in good numbers at their various polling units and form the majority from the grassroots, where the lines of leadership and control begins. Olaosebikan while speaking yesterday on a radio programme monitored in Ibadan, told the youths that once they form the majority at the polling units and subsequently at the wards, they are in good stead to take the control of the party and get well involved in forming the government at different levels. He maintained that in majority the youths, including those that gathered in front of the radio station in appreciation of his

support for the youths on air, that achieving the lofty idea of decent living, functional and youth friendly police, gainful employment for all and good governance, would become easy as they would choose only those people with sufficient capacity, competence and care to lead the party from the ward to the national level. Joined on the programme by members of the committee that include Alhaji Gafar Ojetola , Hon. Wasiu Sadare and Ademola Solalu members of the committee, he advised the youth to take full advantage of the opening provided by the well timed registration exercise

taking place in more than two years before the next general elections to use the exercise in positioning themselves for leadership and greatness. Olaosebikansaidthepoliticalsituation in the country could be likened to what transpired in the 1950s and 1960s when the youths took the advantage of education to take over the leadership of the country from the elderly stating that the present youth should use the digital knowledge, which they were born into positively against the analogue system of the old to propagate themselves constructively along with their numerical strength.

MONDAY FEBRUARY 8, 2021 ˾ T H I S D AY

NEWSXTRA

Marauding Herdsmen Have Launched Guerrilla Warfare in Yorubaland, Says Agbekoya Segun James The Agbekoya Farmers Association has raised the alarm that marauding herdsmen have launched

guerrilla warfare in Yorubaland. The association, which has vowed to flush out the killer herdsmen from the South-west, also disclosed that

Dangote Commences Feeding of 1m Malnourished Children To complement and boost government’s efforts in tackling the issue of malnutrition in Nigeria, the Aliko Dangote Foundation (ADF) has initiated processes to reach and properly feed one million children across the country, commencing immediately. According to the United Nations Children Fund (UNICEF) malnutrition is a direct or underlying cause of 45 per cent of all deaths of under-five children, and Nigeria has the second highest burden of stunted children in the world, with a national prevalence rate of 37 per cent of children under five. The UN agency in a statement on its website also noted that an estimated 2 million children in Nigeria suffer from severe acute malnutrition (SAM), but only two out of every 10 children affected is currently reached with treatment. It added that seven percent of women of childbearing age also suffer from acute malnutrition, and that the first 1,000 days of a child’s life offer a unique window of opportunity for preventing under nutrition and its consequences. However, to reverse the negative trend, the Chairman of Aliko Dangote Foundation and Africa’s wealthiest man, Aliko Dangote said: “We recognise nutrition as a cross-cutting issue which affects other critical development goals, that is why nutrition has become our core

focus. We want to reach one million malnourished children in Nigeria and we know that for every dollar invested in nutrition, the nation as a whole will reap huge economic dividends... In addition, we shall reach households of children with SAM and their communities that contribute the most to the SAM burden with food security, cash-based interventions and livelihoods support, engendered infant and young child feeding, hygiene and care-seeking behaviours.” Aliko Dangote Foundation is the private charitable foundation of Aliko Dangote, incorporated in 1994 with the mission to enhance opportunities for social change through strategic investments that improve health and wellbeing, promote quality education, and broaden economic empowerment opportunities. Twenty-seven years later, the Foundation has become the largest private Foundation in sub-Saharan Africa, with the largest endowment by a single African donor. The primary focus of ADF is child nutrition, with wraparound interventions centered on health, education and empowerment, and disaster relief. The Foundation also supports stand-alone projects with the potential for significant social impact.

Eschew Revenge, Reprisal, Lalong Charges Nigerians Seriki Adinoyi in Jos Governor Simon Lalong of Plateau State has disclosed that unless Nigerians learn to forgive one another and avoid revenge and reprisals, the nation will continue to witness needless bloodshed and destruction of properties. The governor was speaking at an inter-denominational church service to commemorate the Third Plateau Day of Forgiveness and Reconciliation at the St. Louis Catholic Church, Jos. He said, “Although acts of criminality must be swiftly investigated and punished by government and its relevant organs, the long term ambition of every Nigerian who desires peace is to toe the path of reconciliation and forgiveness. “As a Government, we are very conscious of the fact that the process of restoring peace and confidence among the people cannot succeed without forgiveness and reconciliation. On this day therefore, we do not try to trivialize or gloss over the trauma, pain and agony that many people have undergone on account of the various crises that took lives and properties. Others are still bearing physical scars of their experiences. What

this day rather emphasises is how to make the best of the past ugly experiences and chart the way forward. If truly we want to move forward, then there is every need to encourage healing that makes us do things differently.” Lalong said the Plateau Peace Agency has held over 87 multi-level dialogue sessions with conflict parties across the 17 Local Government Areas of the state in order to promote the culture of peace through forgiveness and reconciliation, adding that the effort has led to the signing of several peace agreements and commitments to the pursuit of peace agreement with various fighting communities in the last five years. He frowned at the exploitation of the social media by crises merchants who generate and circulate unfounded posts suggesting that there is no peace in the state and that this government has not achieved anything. In his homily, Catholic Archbishop Mathew Ishaya Audu said the failure of individuals and communities to forgive one another increases the burden of strife, bitterness, anger and violence which provides the ready flame for crises.

it had begun a manhunt for the killer-herdsmen’s kingpin known as Mahmoud Waziri, and his men, who terrorise farmers and residents in Ibarapa Local Government Area of Oyo State. Agbekoya, in a statement issued yesterday by its National Publicity Secretary, Chief Olatunji Bandele, stated that the PresidentGeneral of the association, Chief Kamorudeen Okikiola, disclosed that after the exit of Seriki Fulani from Igangan, another kingpin, Mahmoud Waziri emerged in the town with his men, unleashing terror on innocent citizens

and killing of farmers in the area. Okikiola said that two farmers, who were working on their farms, were killed in two different locations in the area during an ambush by the killer-herdsmen, while some escaped to the town to alert the people of the community. The statement read: “The kingpin, Mahmoud regrouped the killer-herdsmen and bandits, armed them with dangerous weapons to retaliate the exit of Seriki Fulani from Igangan who is now living in a village in Kwara State. “Though the kingpin is now

on the run, his killer-herdsmen are perpetuating havoc, killing farmers and innocent citizens in Ibarapa area of Oyo State. “Agbekoya will not relent until all these criminals terrorising Yorubaland are flushed out. “The farmers’ body, however, called on farmers in the South-west to avoid going to their farms alone, but ensure that they go to their farms in groups, ready to counter any sudden attack by the bandits and killerherdsmen. “The killer-herdsmen have launched guerrilla warfare on Yorubaland and we should

be alert and be very strategic in dislodging them wherever they are located in the SouthWest. “We are using this medium to call on other security stakeholders, traditional rulers, South-west governors, politicians and Yoruba leaders to rise up to face the insecurity situation in the region. “We are also calling on the northern governors and leaders to take positive steps in calling the killer-herdsmen and bandits terrorising South-West to order. “If the situation persists, Agbekoya will not hesitate to launch a fullscale war against armed herdsmen, kidnappers and bandits.”

FUTURE OF NDIGBO ON THEIR MINDS…

L-R: Member, Centre for the Study of the Future of the Igbo (IRUKA), Mr. Azuka Onwuka; Vice Chairman, Senator Emmanuel Onwe; incoming Vice Chancellor, Alex Ekwueme Federal University, Prof. Sunday Elom; Member, IRUKA, Prof. Akachi Adimora-Ezeigbo; and Chairman, Prof. Ihechukwu Maduike, after their inauguration as Board of Trustees of the think-tank, Alex Ekwueme Federal University, Ndufu-Alike, Ebonyi State...recently

Zulum Outlaws Political Thuggery in Borno Michael Olugbode in Maiduguri Borno State Governor, Prof. Babagana Zulum has outlawed political thuggery in all parts of the state. The governor, who had in July 2019 ordered the ban of thuggery in Maiduguri and subsequently in Biu local government area in January 2021, had on Saturday extended the ban to Gwoza town where he spent the weekend on official duty.

The governor, however announced yesterday in Gwoza, before departing for Maiduguri, that the ban of thuggery would be on in all the 27 local government areas of the state. Also yesterday, the governor supervised the distribution of N80 million cash and food supplies to 16,000 female returnees in the township as part of activities in the second day of his humanitarian visit to towns and villages in Gwoza local government area of the state.

The governor who arrived Gwoza on Friday, had on Saturday, supervised the distribution of N150million to small and medium scale traders as well as food to 27,000 mostly male family members who returned after fleeing from Boko Haram occupation. In continuation of his humanitarian interventions, the governor gave a cash of N5,000 each to 16,000 people to compliment variety of food items, which was also given to

them. The intervention was part of continued support to vulnerable residents of communities whose means of livelihood are affected by activities of Boko Haram. Gwoza came under Boko Haram’s occupation between 2014 and 2015 with the insurgents’ leader, Abubakar Shekau declaring the town the spiritual and territorial headquarters of the sect. It was however liberated by the military sometimes in 2015.

Stay Away from Ogun Parks, Garages, Abiodun Warns NURTW Ogun State Governor, Prince Dapo Abiodun, has warned the leadership of the National Union of Road Transport Workers (NURTW) and their members to stay away from all parks and garages in the state to avoid incurring the full wrath of the law. In a statement issued in Abeokuta yesterday by the state Commissioner for Information and Strategy, Alhaji AbdulWaheed Odusile, the state government said the warning became necessary in

view of intelligence reports by the security agencies that the union is planning to resume collection of dues and revenues on behalf of the government at the motor parks and garages in the state, against the existing decision of the government banning the activities of the NURTW in all the motor parks and garages in the State. “It will be recalled that following crisis in the leadership of the NURTW in the State that threatened security of lives and properties, particularly public

transport in the State, the House of Assembly in June 2020 passed a resolution suspending the activities of the union in the State. The government subsequently banned the activities of the union in all motor parks and garages in the State,” the statement said further. “Security agencies have been given firm directive to arrest and prosecute any operative of the NURTW or indeed anyone, group or association that has not been approved by

the government to act on its behalf that attempts to defy the decision of the government or test its resolve to maintain peace and security in all parts of the state, including the motor parks. Unlike what obtained in the past, this administration has been methodical and deliberate in its approach to maintain peace at the motor parks as well as management of transport union activities, and will not allow anyone to undermine the prevailing peaceful environment”, the statement concluded

MONDAY FEBRUARY 8, 2021 ˾ T H I S D AY

24 HOURS...

PDP Accuses APC of Registering Kano Residents by Force Chuks Okocha in Abuja The Peoples Democratic Party (PDP) yesterday alleged that the leaders of the All Progressives Congress (APC) have resorted to harassing and threatening Nigerians, particularly civil servants in Kano State, to register as members of the APC against their will, adding that such act has further exposed the level of public rejection that is now confronting the party. The PDP described such as political terrorism, symptomatic of a dying party gasping for breath, adding that Nigerians have rejected the APC, and will never be intimidated by such threats. The opposition party was reacting to media report that some states in the North-east geopolitical zone were threatening workers with ‘no registration for the APC, no salary’. In a statement issued by the National Publicity Secretary of the PDP, Kola Ologbondiyan, the party said it shows that “one can only pity APC leaders over the crushing public apathy against their fraudulent membership registration exercise,

for which their Kano State Chairman, Abdulahi Abbas, out of frustration, threatened civil servants and other innocent Nigerians in the state to join their dying party or lose all benefits and opportunities from the state government.” According to the PDP, “It is appalling that after being exposed in their scheme of hiding under their duplicitous membership revalidation and re-registration exercise to inflate their membership register with fictitious figures, the APC leaders are now shamelessly resorting to harassing innocent civil servants and their families to register in the party against their will. “It shows the fact that the APC has been reduced to a situation where it is rather forcing and coercing Nigerians in their supposed strongholds of Kano, Kaduna and Katsina States, who ordinarily should be trooping out en masse to register, only goes to show that the APC is already dead in their consciousness, having betrayed them in the last six years. “Nigerians should therefore disregard any membership figures

House Committee Investigates Alleged Financial Mismanagement in NNPC Subsidiaries Adedayo AkinwaleinAbuja The House of Representatives has restated its resolve to investigate alleged financial mismanagement in the Nigerian National Petroleum Corporation (NNPC) and 17 other subsidiary agencies. The House Committee on Public Accounts has vowed to invoke relevant sections of the Constitution to compel the Group Managing Director of NNPC, Mr. Mele Kyari and heads of 17 subsidiary agencies to respond to various audit queries bothering on deliberate and reckless refusal to render accounts from 2014 to 2018 in breach of extant financial regulations. The committee at the weekend said, “NNPC allegedly directed all the heads of the 17 subsidiaries invited to the public hearing not to honour the invitation sent by

the House Committee on Public Accounts, in breach of extant legislations and provisions of the 1999 Constitution as amended.” In a letter with Reference No: HR/PAC/SCO5/9NASS/ PARA.5/001 dated 20th December, 2019, addressed to the NNPC Group Managing Director, the House had during its plenary session of Tuesday, December 10, 2019 mandated the Committee to conduct an in-depth investigative hearing on the deliberate and reckless refusal of non-Treasury funded agencies of government to be audited by the oAuGF for the period under review, with the view to ensuring compliance with the provisions of Sections 80, 81, 85, 88 and 89 of the 1999 as well as Sections 15, 18, 20, 22, 24 and 25 of the Public Procurement Act, 2007.

Ekiti Signs MoU with Firm to Build Power Stations VictorOgunjeinAdoEkiti The Ekiti State Government has signed a Memorandum of Understanding (MoU) with an electricity generation firm, Fen- Church Power Nigeria Limited, to build three megawatts substations in order to stabilise electricity supply in the state. The power generation concept under the Public-Private Partnership (PPP) was arranged in such a way that the firm will build the power plants and generate electricity that would be sold to the state for consumption. Speaking after the signing of the MoU yesterday, the state Commissioner for Public Utilities, Bamidele Faparusi, said the project is expected to be delivered in August 2021, and that it was conceptualised to halt sole dependence on national grid for electricity generation.

“This is an independent power arrangement that will increase electricity supply to Ekiti State-the one that will add to what we are getting from the national grid. “But the electricity will be consumed solely by government institutions in the state. With this arrangement, all government institutions will enjoy 24 hours power supply. Also, our street light, booster stations, institutions, Ekiti State University Teaching Hospital, our primary and secondary health facilities schools among others with enjoy it. “What we are getting from the federal government is not adequate. We want to take the state institutions out of the national grid, so that the little we are getting can be channeled to our people to stabilise power in the state, and it going to be a win- win situation.

that are eventually released by the APC as that would only be a product of inflated numbers made up of fictitious names and forced registration.

“More importantly, our party condemns the threat issued by the APC as completely unconstitutional, subversive and a criminal act of political banditry.”

The opposition party said the APC leaders also need to be made aware that such threats constitute a provocative assault on the constitutionally

guaranteed rights of the citizens capable of triggering a serious social unrest with the propensity of derailing the country’s democracy.

EXPANDING WORK OF GOD…

L-R: Pastor-in-Charge, Youth Province 7, the Redeemed Christian Church of God (RCCG); Pastor Jacob Obaro; his wife, Pastor Ifeoma Obaro; and Pastor-in-Charge of Region 11, RCCG, Pastor Charles Kpandei, at the Welcome Service for the new Youth Province 7 in Isheri, Lagos … yesterday

Buhari’s Loyalists in South-west Kick against Lopsided Appointments Kemi Olaitan in Ibadan Loyalists of President Muhammadu Buhari in the defunct Congress of Progressives Change (CPC) in the South-west geo-political zone yesterday raised the alarm over what they described as lopsided political appointments in the region. This is just as they alleged that most of the capable and devoted party leaders who worked for the president in 2011 in the then CPC and later in 2015 and 2019 on the All Progressives Congress (APC) platform have been neglected and

marginalised in the current scheme of things in the zone. The aggrieved Buhari loyalists, while addressing journalists in Ibadan, Oyo State, yesterday, said they are competent and professionals in their various endeavours, who organised several programmes to support President Buhari before, during and after the elections, adding that they also deserve to be given responsibilities and appointments. A member of the defunct CPC in Ogun State, Adeyemi Idowu, said: “I can tell you that the appointments have been lopsided

especially in the South-west region. It has only favoured members of former Action Congress of Nigeria (ACN). I know many educated captains of industries, even astute politicians, who rallied support for President Buhari during their time in the CPC, the party he founded, but did not get any appointment till date. They are still being shortchanged in the APC even after the merger with ACN and ANPP which produced President Buhari as the standard bearer of the APC.” He gave names of other abandoned CPC members as Hon. Lanre Kuku, Fatai Olatunji in Ogun State; Olufemi

Olaore, Hammed Elegbeleye in Oyo State; Wole Adunola, Kola Olabisi in Osun State; Adewale Agboola Dixon, Owa Babatunde in Ekiti State; Soji Ehinlanwo, Damilola Oluyemi and Hamisu Mohammed in Ondo State among others. “These were confirmed President Buhari loyalists, who gave their best for him while in CPC and even in APC. They spent personal money, energy and risked their lives, yet many of them in the Southwest have not been offered any political appointment despite their proficiencies. This isn’t fair,” he said.

Kpandei Tasks Pastors on Importance of Conscience in Ministry The new Youth Province 7 of the Redeemed Christian Church of God (RCCG) was birthed yesterday with a special call on pastors to pay special attention to the importance of conscience in the gospel ministry. Speaking at a special Welcome Service for the new Province held at its Headquarters, the Glory2Gory House, Magodo, Pastor Charles Kpandei, the Pastor-In-Charge of Region 11 of the RCCG, charged the pastors to approach their divine assignments with a pure conscience that guarantees not only the earthly achievements but also cements their position in eternity.

Drawing on the book of 1 Timothy 1:19, the senior pastor said the world was witnessing a lot of spirituality without conscience, adding that it was a sign of the end times as prophesied by the Bible. Like Paul warned Timothy in the scripture he cited, he also warned that faith and spirituality without a clear conscience would only lead men to shipwrecking their assignments. The elevation of the new Glory2Glory House to a Provincial Headquarters, headed by PastorIn-Charge of Province, Pastor Jacob Obaro, caps a major turnaround

for the parish that was until 2017 an Area Headquarters. Highlighting the turnaround, Pastor Obaro, who has been involved with the mission’s Youth Ministry for twenty years, said when he and his wife, Pastor Mrs. Obaro arrived at Glory2Glory House in 2017, they had to study the terrain to determine the most effective way of pastoring youths. “Coming here, it was to study the terrain, understand the language of the generation and then helping the youths to discover, develop and deploy their talents,” he said. He added: ‘The young people

saw an atmosphere where they could express their hidden talents; some of which they did not even know before, so they have been committed. He maintained that as a church, Glory2Glory House was committed to the overall development of youths through the specially-designed SOS or spiritually development, occupational relevance and social networking. The new province, which has Pastor John Tosin Oludoyin as the Assistant Pastor-In-Charge, is taking off with sixty-eight parishes under it.

Ganduje Organises Debate for Controversial Islamic Preacher, AbdulJabbar, Other Scholars Ibrahim Shuaibu in Kano Kano State Governor, Abdullahi Umar Ganduje, has accepted to facilitate a dialogue between AbdulJabbar Sheikh Nasiru Kabara, and other Islamic scholars. The decision was announced at the end of a special meeting with Islamic clerics from all Muslim sects, as a response to Kabara’s call for justice. A statement issued yesterday by Ganduje’s spokesperson, Abba

Anwar, and made available to THISDAY in Kano said the governor has also accepted that the dialogue should be aired live in all radio stations, both local and foreign. The governor urged the people to remain calm and peaceful before, during and after the dialogue. The statement said the meeting was attended by many prominent scholars from all Islamic sects, with the state Commissioner for Religious Affairs, Muhammad Tahar Adam;

Chief of Staff to the Governor, Ali Haruna Makoda, and former gubernatorial candidate in the state, Salihu Sagir Takai, among others. After the meeting, resolutions were reached and agreed upon by the governor that all sects of Muslims would be represented at the dialogue, while some prominent scholars would also be invited from outside the state to witness the dialogue. It said the state government would provide a venue for the

dialogue and the necessary security for the overall safety of the exercise, before, during and after. Those to be involved in the dialogue from all Muslim sects were given two weeks to prepare their points of argument/dialogue to engage Kabara in the much waited dialogue. Kano State Government has debarred an Islamic cleric, Kabara, from preaching in the state due to his mode of teachings, which it considered too incendiary.

MONDAY FEBRUARY 8, 2021 ˾ T H I S D AY

24 HOURS...

Despite FG’s Lifting of Ban, Emirates Cancels Flights from Nigeria Chinedu Eze Emirates Airlines has cancelled its Lagos-Dubai and Abuja-Dubai flights despite reaching agreement with the federal government that it would waive the introduction of Rapid Antigen Test (RDT), which the airline earlier insisted that Nigerian passengers must undergo four hours before their flight. The Nigerian government had on Thursday suspended the airline’s outbound flights from Lagos and

Abuja until it was able to provide the needed infrastructure for the conduct of RDT test. But on Friday, Emirates indicated that it would waive the test, prompting the federal government to lift the ban. However, Emirates had cancelled its Saturday and Sunday outbound flights from Nigeria and did not indicate when it would resume the flights. The airline’s media contact in Nigeria said the airline would issue

a statement today to explain what actually happened. However, there were strong indications that the United Arab Emirates government may not have approved the waiver for Nigerian passengers to come to Dubai with the RDT test. UAE has maintained that in addition to the 72 hours PCR test approved by the Presidential Task Force (PTF) on COVID-19 for Nigerians travelling out of the country, Emirates passengers must undergo rapid test before

they would be allowed in Dubai. This was due to the allegation that Nigerians travelling out of the country procure fake test results. On Saturday, the airline announced the cancellation of the two flights (Lagos-Dubai, EK784 and Abuja-Dubai, Ek786) through a memo to its trade partners, citing operational reasons. Similarly yesterday, the flights were similarly cancelled, according to the message sent to the trade partners. The mail stated: “We wish to

inform you that due to operational reasons, our flights LOS-DXB (EK784) and ABV-DXB (EK786) from Sunday 07th February, 2021 have been cancelled till further notice. “DXB-LOS (EK783) and DXBABV (EK785) will however operate to bring incoming passengers on February 7, 2021. “For passengers affected kindly apply re-booking options provided in our COVID-19 waiver policy previously communicated. “We hope to revert to you as

soon as possible, regarding the status of our future flights. “As always, we thank you for your continued support. If you require any further assistance please contact us.” The airline has decided to follow the directive earlier given them by the federal government through the Nigerian Civil Aviation Authority (NCAA), to only bring passengers back to Nigeria, until government is able to provide the facilities for RDT test.

MMA2 Imports $500,000 X-ray Machines, Upgrades Air Conditioning System Nigeria’s flagship privately operated airport terminal, Murtala Muhammed Airport Terminal 2, (MMA2) Lagos is embarking on a massive upgrading of its X-ray machine and air conditioning systems for passengers safety, security and comfort. The Bi-Courtney Aviation Services (BASL)-operated MMA2,Lagos, said in a statement yesterday that it has just spent about $500,000 in the importation of a sizeable number of X-ray machines to enhance and accelerate the screening of passengers and cargoes. BASL is owned by Dr. Wale Babalakin (SAN). Group Corporate Affairs Manager of BASL, Mr. Mikail Mumuni said in the statement that “massive resources are also being deployed to upgrade our air conditioning system for the comfort of passengers as we always treat our customers as Kings and Queens.” The BASL spokesman said the ongoing upgrading of the facilities is part of the company’s determination to continue to give Nigeria the best Airport Terminal that is comparable to those available in the developed

economies. “To satisfy our customers, we had to buy 50 per cent of the money required for the importation of the X-ray machines from the parallel market as the Central Bank of Nigeria (CBN) was only able to allocate 50 per cent to us. This, when added to the amount spent on the air conditioners, is a huge investment on our part, especially at this pandemic period when businesses are at low ebb and considering the fact that BASL is not a beneficiary of the Federal Government’s COVID-19 Palliatives to the aviation sector,” he said. Bi-Courtney Limited was granted a concession by the Federal Government of Nigeria (FGN) to design, build and operate MMA2. The company is required under the concession agreement to transfer MMA2 to the FGN after 36 years of operation. MMA2 was constructed and completed within the schedule, a rare feat in Nigeria’s aviation industry and the terminal has been a d j u d g e d t h e b e s t in the country by both the private and public stakeholders.

Buhari Condoles with Emir, Daura Community over Matriarch’s Death President Muhammadu Buhari has expressed deep condolences and sympathy over the demise of Hajiya Mairo Sa’idu Daura, wife of the Emir’s late older brother and a respected lady who worked for the welfare of the community. In a condolence statement issued yesterday, President Buhari described the demise of Hajiya Mairo an irreparable loss. The President in a statement issued by his Senior Special Assistant on Media and Publicity, Mallam Garba Shehu in Abuja said, “I remember with absolute admiration, the motherly role played by the deceased throughout the Daura community

and beyond. I am deeply shocked to learn of her sad demise. “On behalf of the government and the people and myself, I extend deep condolences to Royal Family, particularly the Emir, Alhaji Faruk Umar Faruk and the brotherly people of Daura and express my heartfelt sympathy to her children, Ambassador Adamu Sa’idu Daura, Abdulkadir Sa’idu, Executive Secretary of the Petroleum Products Pricing Regulatory Agency, PPPRA and Uba Bashir Daura.” He prayed for the salvation of the departed soul and conveyed deep sympathy to the bereaved family.

HONOUR TO THE CHAIRMAN...

L-R: Executive Secretary, Muslim Ummah of South West Nigeria (MUSWEN), Prof. Muslih Yahaya; MUSWEN President, Alhaji Rasaki Oladejo; Guest of honour and Chairman of National Hajj Commission of Nigeria, Alhaji Zikrullah Hassan; and his wife, Mutiat, during a special prayer in honour of Hassan by the Muslim Ummah of South West Nigeria, at the University of Ibadan...yesterday

Tinubu, Akande’s Disagreement with Others Good for APC, Says PGF DG Adedayo Akinwale inAbuja The Director-General of the Progressives Governors Forum, Dr. Salihu Lukman yesterday said democracy will lose its appeal once internal disagreements among leaders of political parties cease to exist. Lukeman explained that divergent views being expressed by leaders of theAll Progressives Congress over the ongoing membership registration/ revalidation exercise were not in itself a bad thing for the growth and stability of the party.

According to him, the fact that despite the misgivings expressed by the pioneer Interim National Chairman of the APC, Chief Bisi Akande, and the National Leader of the party, Senator Ahmed Tinubu, over the conduct of the exercise both party leaders demonstrated to all who care to notice, that, despite their personal misgivings, they respect the party’s decision. This was contained in a statement titled, “Significance of Leadership Disagreements to Political Contests”, in Abuja. The statement read, “Once you

eliminate internal disagreements among leaders of political parties, democracy will lose its appeal. Rather than contest, what we will end up having in politics is some notional faith in the sanctity of the party and its leadership. “Like all our religious shrines, all that we will be talking of as members of our respective parties is some claims about the purity of our leaders and our party even as we know that our only justification in joining the party is far from any imagined purity. “Integral to our decisions to join

the party is the expectations we all seem to have in terms of what being members should translate to. “This is where most times leaders often distinguish themselves. While to ordinary members, the issue is about political permutations of who is going to emerge as candidate for election, for leaders, it is more about ensuring that the party is able to retain its electoral viability. Call it enlightened self-interest, every leader will be much more concerned about the capacity to win elections as the propelling factor for personal ambitions.”

NAFDAC Seals Factory for Allegedly Revalidating Expired Products OnyebuchiEzigbo In a bid to rid the country of unwholesome foods and other consumables as well as safeguard the health of the Nigerian populace, National Agency for Food and Drug Administration and Control (NAFDAC) has shut down a food manufacturing company over alleged revalidation of expired curry and thyme spices. In a statement signed by the Resident Media Consultant to NAFDAC, Sayo Akintola, yesterday he said following a tip-off, operatives of the Investigation and Enforcement Directorate of NAFDAC swooped on the main warehouse and factory of Every Rose Limited, manufacturers of SomGeo brand of spices, located

at Petu Village, Ibeju-Lekki, and No. 23, Tunji Bello Street, Lekki, Lagos, respectively. It said sequel to the visit by the NAFDAC officials, it was discovered that large quantities of expired curry and thyme spices were stored in the warehouse with packaging materials, labels as well as stamps that were being used to illegally revalidate the already expired products (spices). The Director-General of NAFDAC, Prof.MojisolaAdeyeye,hadwarnedfirms against the act, saying the company will be heavily sanctioned for endangering public health. He said the two locations visited weresealedandplacedonhold,adding that the company staff members found revalidating the aforementioned products at the factory have been

apprehended and taken to NAFDAC Investigation and Enforcement office for further investigation. The statement added that different finished products and working tools were also found in the factory while the business owner, a lady (names withheld), is at large. The statement said records available in NAFDAC showed that the company located at 19, Adelajo Ojo Crescent, Magodo, Lagos, registered 16 different products for listing under the brand name SOMGEO and these include SOMGEO ginger powder, SOMGEO garlic powder, SOMGEO thyme leaves and SOMGEO mixed spices powder among others. The registration, however, expired on December 5, 2017. The director-general of NAFDAC

warned that there is no more hiding place for unscrupulous manufacturers and marketers who have turned themselves to merchants of death with a view to making illicit money by sending unsuspecting Nigerian consumers to their early graves through production and sale of falsified and revalidated expired products. She said the agency would stop at nothing to track down the illicit merchants wherever they are within the country. “We are ready to eliminate the incidence of falsified products in our markets and bring it down to the minimum to safeguard the health of our people,” the NAFDAC boss said.

˜ ΀˜ ͺ͸ͺ͹ ˾ T H I S D AY

MONDAYSPORTS

Group Sports Editor Duro Ikhazuagbe Email duro.ikhazuagbe@thisdaylive.com 0811 181 3083 SMS ONLY

NPFL NEWS...

Heartland, Kwara Utd Grab Away Victories, Rangers Shine at The Cathedral Duro Ikhazuagbe Coach Fidelis Ilechukwu left Agege Stadium yesterday a satisfied man after picking all three points at stake in the Match day 9 fixture of the Nigerian Professional Football League (NPFL) between host MFM FC and Heartland FC.

MATCH DAY 9 Dakkada 2-1 Abia War. Akwa Utd 3-0 Katsina Utd MFM FC 1-2 Heartland Jigawa 1-0 Adamawa Lobi 0-0 Wikki Sunshine 1-2 Kwara Utd Rangers 1-0 W’Wolves TODAY IfeanyiUbah v K’Pillars Rivers Utd v Nasarawa

Ilechukwu led the Naze Millionaires from Owerri to come snatch all three points at stake against MFM FC, the church team where he made his name as a top coach in the country. Heartland set the ball rolling with Emmanuel Adachi drawing the first blood barely eight minutes into the game from the spot. However, Olumuyiwa Lawal did not allow the visitors to enjoy the luxury of being in front for long as he leveled scores three minutes after the first half break. But Jimoh Gbadamosi grabbed the winner in the 53rd minutes to send the Olukoya Boys rueing what happened to them in their fortress. Elsewhere in Akure, visitors

Kwara United similarly recorded a sweet away victory against Sunshine Stars courtesy a 2-1 victory. Surprisingly, it was the hosts that scored first to give false hope to their teeming Owena fans. Sunshine Stars’ Player of the Month for January Sadeeq

Yusuf scored the opener in the 50th minute. But the Ilorin team fought back gallantly with goals from Issa Gata and Steven Jude doing the maximum damage against the Owena Waves. In Uyo, Captain fantastic, Ndifreke Effiong, scored a brace,

with Charles Atshimene also on target for Akwa United to pick all three points with 3-0 crushing of Katsina United. At the Cathedral in Enugu, Christian Nnaji netted the decisive goal as Rangers defeated Warri Wolves 1-0. Jigawa Golden Stars also beat

Adamawa United 1-0 courtesy of Abdullahi Musa Lala’s 50th minute strike. There was however no changes at the summit of the Nigerian topflight as Enyimba of Aba that defeated Plateau United 2-0 on Saturday remains on top on 21 points from nine matches.

PREMIER LEAGUE

Alisson Errors Extend Man City’s Stay at The Summit Two shocking errors from Alisson and an inspirational display from Phil Foden helped Manchester City extend their lead at the top of the Premier League table to five points, with a 4-1 win over Liverpool. After a tepid opening half an hour, the game sparked into life when City were awarded a penalty. Fabinho was the guilty party, tripping Raheem Sterling in the box; however Gundogan blazed his spot-kick well over the bar. After the break, the German made up for his error by opening the scoring. Raheem Sterling was instrumental in the buildup, dribbling past Trent Alexander-Arnold before laying it off to Phil Foden. Although Foden could not convert,

Gundogan was there to smash home the rebound and make it 1-0. Just after the hour mark, Liverpool leveled things up with Mohamed Salah winning and then converting a penalty, following a rare error from Ruben Dias. City did not take long to poke their noses back in front. Foden capitalised on a loose pass from Alisson, intercepting the ball and gliding past several defenders, before pulling it back for Gundogan to smash home. Alisson’s nightmare afternoon continued minutes later when he again gifted the ball to Bernardo Silva who found Sterling in the box, who tapped it into an empty net. Foden then added some gloss to the scoreline with a fine solo effort.

Thrilling Finish as South-south Emerges U-17 National Cricket Champions The 2nd edition of the National Under-17 Cricket Championship sponsored by PwC ended yesterday with the South-south team emerging the winners. Having recorded 93 runs in a tight 40 over finals match, the North-west team seemed set for a defence of the title they won last year in Abuja until the second innings when the bowling firepower of the South-south team came to the fore. Coach Theophilus Adolphus Ibodeme, who led the winning team, said he came into the game with faith in the talents and discipline that his team had. “We are very happy to be the winning team, it did not come easy, our boys deserved it and worked really hard for it,” gushed the winning coach. They halted the North-west team at 57 all out. President of the Nigeria Cricket Federation, Professor Yahaya Ukwenya, said he was particularly proud of the level of skill and talents on display as it has proved the federation to be on the right path.

“We had these teenagers display high level of performance at every point in this championship which is a nice feedback for us at the kind of work being done at different regions. “Some players have shone at this event and will get a chance to prove themselves at the National U-19 camp when it opens ahead of the World Cup qualifiers that we are hosting later in the year.” Tolulope Adeleke, who represented PwC at the event said that his company’s partnership with Nigeria Cricket Federation was an expression of shared value of team work, integrity and professionalism. The National U-17 Cricket Championship was run in the regions where states competed and winners emerged and raised a regional team that had players from competing states. The winning South-south team had players from Edo, Delta, Rivers and Akwa Ibom states. The South-west team finished in third place at the event.

Manchester City players celebrating their 4-1 thrashing of champions Liverpool...yesterday

Egbe Thumbs up Gov Diri over Bayelsa Sports Chief Executive Officer of Monimichelle, Ebi Egbe, has given a pat on the back to Governor Duoye Diri of Bayelsa State over how he is reposition sports in the state. Egbe said at the weekend that he was impressed with the decision of the governor to throw his weight behind Bayelsa United as the club step

up preparations to participate in the Nigerian National League (NNL) which kicks off next week. Gov Diri had last week ordered the immediate reconstitution of the board of both Bayelsa United and Bayelsa Queens, even as he equally bought brand new buses for both teams.

“Gov Diri has shown he wants sports to thrive in Bayelsa State. I want to thank him for taking steps that would see Bayelsa United do well in the NNL and gain promotion to the elite class of the nation’s domestic league. “The governor has also given a lot of support to wrestling which is one sport which

Bayelsa has dominated over the years. “My appeal is that he should also ensure that the facilities at the Samson Siasia Stadium do not rot away. That arena remains the only place where sports can take place in the whole of Bayelsa for now. It needs proper maintenance,” Egbe concluded.

AUSTRALIAN OPEN

Djokovic Admits Nervousness Walking on Court Down Under Novak Djokovic likened his relationship with the Australian Open to “a love affair” on Sunday, admitting he still gets nervous walking on court despite his years at the top. The 33-year-old opens his campaign for an unprecedented ninth title at Melbourne Park, and 18th Grand Slam crown, today against France’s Jeremy Chardy, and he is already feeling jittery. “Everymatch,everymatch.Every single match,” he said when asked if he still got nervous despite being in his 17th Australian Open. “I don’t want to speak on behalf of the other athletes, but I just feel like it’s almost impossible to eliminate that kind of pressure, anticipation, the nerves coming into any match really for an athlete. “It’s just that I managed over the years to train myself,” he added. “I think with the experience and with also the dedication that I had off the court to the mental preparation, that helped me react better to those kind of emotions. “But it’s still there. I don’t think it’s ever going to go away. I mean, especially when the occasion is big, when you’re playing for the biggest trophies.” Djokovic claimed his 17th Grand Slam in last year’s

gripping final in Melbourne, when he came back from 2-1 down to edge Austria’s Dominic Thiem in five sets. It was his only major success last year as he looks to close in on Roger Federer and Rafael Nadal, who both have 20 each. The Serb said he was hoping being back on Rod Laver Arena would inspire him to another title. “Well, it’s a love affair,” he said of the Australian Open and its centre court. “I’ve been feeling more comfortable on the court each year that I’ve been coming back. “I mean, the more you win, obviously the more confidence you have and the more pleasant you feel on the court. It just feels right,” he added. “When I stepped on the court this year for the first time in the practice session, I relived some of the memories from last year, also the other years that I won the tournament. “It just gives me great sensation, great feeling, confidence. “Hopefully, can be another successful year.” Chardy is his first hurdle in Monday’s night session on Rod Laver Arena, which shouldn’t pose too much of a problem.

They have met 13 times and the Serb has won them all. Despite this, Djokovic is not taking his opponent lightly. “I haven’t played him in a while now. He’s a very experienced player. He’s been on the tour for a lot of years. He has a big serve and big forehand,” he said. “But obviously playing ATP

Cup and having four matches, two singles, two doubles, on Rod Laver Arena helps to prepare well for Australian Open I think. “So that’s a positive obviously of having already quite a lot of match time on the court where I’ll start my Australian Open 2021 tomorrow night.”

Novak Djokovic...to begin campaign in Australian Open this evening

˜ ΀˜ ͺ͸ͺ͹ ˾ T H I S D AY

MONDAYSPORTS

A DOSE OF REALITY

oping is one of two major vices that threatens the integrity of sports (the other being match fixing) and the fight against doping has been resolute. Internationally there has been major legal and administrative changes to combat this problem. Nigeria on its part has had its fair share of doping issues and this problem came to the limelight in the recent “Christmas Judgement” on a high profile case in the courts. Lee Evans, an American Track and Field hero (former World record Holder in the 400m and 1968 Olympic Gold Medalist) and one of the greatest athletes of all time was given a four-year ban from the sports where is had been a top coach in Nigeria for allegedly given an athlete banned substances in order to improve performance. It was reported that during a hearing on the case organized by the Athletics Federation of Nigeria, he accepted giving the athlete a nutritional supplements while coaching her. Evans won two golds at the 1968 Mexico

City Games, where he and fellow athletes wore berets on the podium in support of the Black Power movement. He had a history of coaching in the U.S. and Africa. However, insisting on his innocence, Lee Evans took to the courts to contest his ban. After six gruesome years of legal battle, the Honourable Justice A.O Faji made his landmark Christmas Ruling on the 21st of December 2020 in what may be the beginning of great ramifications in our nation’s fight against doping. The 73-year old coach had pleaded the court that: the WADA code being an international treaty not domesticated in Nigeria law was illegal and thus cannot be used by anybody or government institution, that the ban was a way to humiliate and deny him his rights of dignity, that the Federation just wanted to ridicule him and tarnish his internationally acclaimed image. The American also claimed his hearing was not free and fair and denied him his rights to work. He prayed the court to quash the sanctions and sued for a total of N94million being

loss of earnings and legal fees during the four year period. The defendants, in this case, the Ministry of Sports, The Athletics Federation of Nigeria and Dr (now Prof) Ken Anugweje (who was the head of the AFN anti-doping committee at the time) had through their lawyers argued that the court did not have the jurisdiction to hear the case as the plaintiff (Lee Evans) has not exhausted all avenues of dispute resolution as required by his Sports. He could have appealed the decision to the Appeals panel Lee Evans... landmark dope case

of the federation, then the International Federation and then the Court of Arbitration for Sport (CAS). But he never explored these options. They made a case that Lee Evans was bound by the WADA code as he was contracted to bodies that were signatories to the code. They also argued that since the American was

not a doctor he had no right to administer any substance to the athlete and that since the athlete was a minor, she trusted him blindly. Three critical issues were raised in the case. First, did the court have jurisdiction over the matter or was the plaintiff to seek other avenues of resolution first? Second issue was on the validity of the WADA code on the case and finally, did the plaintiff get a fair hearing? On the first issue, the Honourable Justice Faji rules that the defence did not make specific citations on the relevant Anti-doping rules and also noted that since the rules were not statute, the defendants had to show and plead them. He ruled in favour of the Plaintiff. The second issue was whether the WADA code applied to the case. Having examined the arguments of both parties, adjudged that the WADA code applied to the case. The issue on whether the plaintiff had a fair hearing was a different matter. The AFN was more or less accused of being judge and jury as the lead doping control officer who collected the urine samples

from the erring athlete was also a member of the hearing committee that found the coach (Evans) guilty. The Justice also noted that their conclusions were speculative as they had no idea what was in the supplements the coach under oath said he gave the athlete as it was not tested. He also observed that the committee also did not make any definitive findings of wrong doing against Mr. Lee Evans. He then ruled in favour of the septuagenarian. However, the judgement leaves a lot to be determined as the judge awarded Lee Evans the sum of N46 million as damages due to loss of income for the four years he was suspended (based on N960,000 monthly salary he was earning as a contract staff of the Lagos State Sports Council at the time), in addition to another N350,000 as legal fees. But in the same judgement, Faji agreed that the coach was subject

to anti-doping code and punishments. His conclusions of the “Not Guilty” verdict actually comes from the technicality of the coach not being given a fair hearing. While we may not have heard the last of this case as the Ministry may appeal the judgement, it is an eye opener to Nigeria as we battle the scourge of drug abuse and doping in our sports. We need to get all legislative and regulatory acts done quickly and straighten out all administrative processes. Drug use is a reality in our sports. Drugs are abused in high doses but this case gives our administrator a dose of reality in checkmating this menace.

* Eneﬁok is an author, Speaker, administrator, Life coach, businessman and Nigeria’s ONLY Male two Time Olympic Medalist

Heavyweight Champion Leon Spinks who Shocked Ali is Dead Former world heavyweight champion Leon Spinks has died aged 67. The American achieved a famous upset win over Muhammad Ali in 1978, in just his eighth professional fight. He had suffered with health issues in his later years and was diagnosed with advanced stage prostate cancer in 2019.

“His final fight was fought with the same skill, grace and grit that had carried him through so many lifetime challenges,” said a statement from his management company. The former US marine died on Friday evening in Henderson, Nevada, with his wife Brenda Glur Spinks by his side.

“Leon fought his battle with numerous illnesses resiliently, never losing his trademark smile. Showing true Spinks determination, he never threw in the towel,” the statement added. Born in St Louis, Spinks won gold at the 1976 Olympics in Montreal, then rose to greater prominence a little more than

Premier League: Iheanacho Fires Blanks as Wolves Hold Leicester Kane & Son inspire Spurs win against West Brom

Nigerian international, Kelechi Iheanacho failed to improve on his goal scoring chart yesterday as Leicester City’s outside hopes of winning the Premier League title suffered a blow after being held to a goalless draw at Midlands rivals Wolves. Brendan Rodgers’ side lie in third place, four points adrift of league leaders Manchester City, who face champions Liverpool later yesterday and still have another game in hand. The visitors have an excellent away record this season but were flat for large periods of the contest and failed to fully test Rui Patricio. The Wolves goalkeeper gathered a couple of drives from James Maddison, but the efforts were from range and kept out comfortably.

Striker Jamie Vardy made his return from injury on the hour mark and almost won it in time added on but headed wide from a promising position. Wolves had just one shot on target throughout the game though it was the best chance for either side - substitute Fabio Silva’s low strike from close range was superbly kept out by Kasper Schmeichel at full stretch. Nuno Espirito Santo’s side defeated Arsenal last time out but have now won just once in 10 league games and remain 14th in the table. Elsewhere, Harry Kane made a surprisingly speedy return from injury to solve Tottenham’s scoring struggles and pile more misery on West Bromwich Albion. Spurs boss Jose Mourinho

had suggested the England captain’s ankle issues would sideline him until next week but Kane came back ahead of schedule to help end Tottenham’s three-game losing streak in the Premier League. Tottenham had failed to score in both matches Kane had missed but he took PierreEmile Hojbjerg’s through ball into his stride to slot home and break stubborn Albion’s rearguard resistance early in the second half. It was Kane’s 13th Premier League goal of the season, taking him ahead of strike partner Son Heung-min for all of four minutes until the South Korea striker sealed Spurs’ victory with an emphatic finish from Lucas Moura’s pass.

18 months later, given the nod via a split decision to stun Ali and claim the WBC, WBA and lineal heavyweight titles. In one of the biggest upsets in the history of the sport, Spinks defied his 10-1 underdog odds with bookmakers to prevail after 15 rounds, winning 145-140 and 144-141 on two scorecards while a third went 143-142 in favour of Ali. His reign as world champion lasted exactly seven months as a sharper and fitter Ali gained revenge in a rematch in September 1978, becoming the first three-time lineal

heavyweight champion after a comfortable points win. Spinks did get another opportunity for heavyweight glory in June 1981, but was stopped inside three rounds by Larry Holmes. Spinks then dropped down to cruiserweight but was defeated by WBA champion Dwight Muhammad Qawi in 1986. He boxed on for another nine years and finished with a record of 26 wins, 17 defeats and three draws. Known for his gap-toothed grin, Spinks’ battles in the ring contributed to his ill health in

later life. It was found he had shrinkage in the brain in 2012 before his cancer diagnosis was confirmed a few years later. His son Cory, 42, is a former undisputed welterweight champion who also won a world title in the lightmiddleweight division. Spinks’ younger brother Michael, 64, was undisputed light-heavyweight champion for a period in the 1980s, before moving up to heavyweight, where he won the IBF title and avenged Leon’s loss to Holmes.

Leon Spinks (right) shocked Muhammad Ali to with the heavyweight title in 1978

I TA L I A N S E R I E A

Ibrahimovic Surpasses 500th Goal Mark as Milan Stay Top

Tottenham Hotspur’s Harry Kane scored on his return to action against West Brom...yesterday

Zlatan Ibrahimovic broke the 500-mark for career club goals with a brace yesterday as AC Milan held top spot in Serie A with a 4-0 win over lowly Crotone. “It’s difficult to be surprised by Ibrahimovic,” said Milan coach Stefano Pioli of the 39-year-old who is powering his team’s bid for a first ‘Scudetto’ since 2011. Milan moved back two points ahead of city rivals Inter Milan who had pulled ahead after a 2-0 win over Fiorentina on Friday, with champions Juventus a further five back in third after beating

Roma by the same scoreline on Saturday. Ibrahimovic opened the scoring on the half hour at the San Siro after combining with Rafael Leao for his 500th club strike. And the Swede brought his tally to 501 in the 64th minute, finishing off a Theo Hernandez cross for his 83rd Milan goal. “To hold up at this level means you’re an exceptional professional and he’s helped by a physique that few have,” continued Pioli. “He’s a champion, an athlete

who has great motivation, he takes care of his body scrupulously. Sometimes he’s tired, but he never fails.” “He’s helping the team to grow a lot. “I have frankly never seen him go wrong. Now the players are competing to see who arrives first (at training), and obviously he’s among them.” Ante Rebic turned the game into a comprehensive win with a quick-fire brace of his own past Crotone goalkeeper Alex Cordaz.

Monday February 8, 2021

TEXT

‘COVID’ TO 58123

UT H

& RE A SO

Price: N250

MISSILE

Book Your COVID-19 Tests & Vaccinations

Oyinlola to Buhari “The Yoruba bought into the Buhari project because of restructuring, after the election,the president said he did not know the meaning of restructuring, it was baﬄing and disappointing” – Prince Olagunsoye Oyinlola, a PDP chieftain berating President Muhammadu Buhari for reneging on his campaign promise.

This service is provided in association with accredited service providers

OKEYIKECHUKWU

EDIFYING ELUCIDATIONS

okey.ikechukwu@thisdaylive.com

To Help New Service Chiefs I

f you give a man a job, you must also give him the tools and enabling environment to perform the job. It is only then that you can reasonably demand, and expect, good results. An expert without tools, and who also does not have the enabling environment to perform, will only have his hard-earned reputation ruined. Thus, when an expert is given a task he would have ordinarily performed very well, but is not given what he needs for the job, he will achieve nothing commendable. Also, for an expert to succeed, whatever he needs must be given to him on time, in the right measure and to the degree required. For instance, the most brilliant and experienced car mechanic or Maintenance Officer will not be able to change a single spark plug in a car if you just announce his appointment, read out his resume and then send him into the workshop without a tool kit. He will be a disaster. The same thing will happen if you send a great war general to the battlefield with nothing but his reputation as a great war general. Modern warfare is not traditional wrestling. A close look at events of the last decade, with regard to the Boko Haram insurgency, suggests to me that this may well be what we have been doing to some of our otherwise high flying military officers and senior security personnel. True, the New Service Chiefs already know their job descriptions. True, they have been sworn in and have pledged to carry out those duties. True, they mean well for the country. True, the real and imaginary lapses noted about the recently retired Service Chiefs were the results of human and other factors. But are we thinking about that, as the new Service Chiefs are taking over? Are there clear, measurable steps being taken as proof of lessons learnt and new engagement templates adopted? Is there any indication that the logistical and other factors that undermined the war against Boko Haram have been addressed? One of the “other” factors in question here is timing. We often hear of procurements of the best military equipment as headline news. Somehow, we rarely get to hear of their arrival, or deployment. It is only on closer reading that people discover that some of the equipment were not to arrive Nigeria for months, or even years. Meanwhile they were needed months before they were ordered. So, lives get wasted. The reputation of serious military officers get damaged. And the federal government retains the reprehensible reputation of being unserious about fighting insurgency in the Northern parts of the country. What is a soldier with poor arms and ammunition back up, and who cannot match the superior fire power and capabilities of the insurgents, expected to do? The politics of procurement and the drama of supremacy in the Military of Defence (MOD) is another matter that has been having a debilitating effect on national military and security operations, but without attracting the right kind of attention. The federal government may need to review all matters relating to the selection, procurement and delivery of military wares

President Muhammadu Buhari and kits, after issues of quality control are resolved by professional and not just any available civilians. Attention should also be paid to the fact that it is only when needed equipment are delivered and are in use at the Theatre of Conflict that we can justifiably expect, or demand, results from our officers and men. It is not enough that we have news reports announcing government’s plans to buy equipment and that we celebrate same on national television. Too many lives are being wasted, and the professional reputation and military records of too many officers that the nation spent decades and millions of naira to train, are being ruined for no just cause. No new Service Chief, no matter how well trained and how much of a patriot and strategist he is, will perform any magic unless he is properly enabled to carry out his duties. Beyond the matter of military hardware and soldiers suffering on the front, in terms of pay, rations, arms and ammunition and even the simple matter of going on regular Pass, there is also the problem of a “local economy” that has developed around the Boko Haram insurgency generally. Even though every officer and soldier is somebody’s son/daughter, husband/wife, uncle/aunt, brother/sister, etc., almost everyone rails at them to hurry up and sweep away Boko Haram. Is it that simple? What are their needs, even on the job? Are those needs being properly addressed? What should they do when we put them under pressure to satisfy their needs “by other means”? When the professional,

institutional and infrastructural logistical machinery statutorily put in place to insulate and cushion them from the vagaries of the socio-political environment around them evaporate? Did they sign up to be martyrs, or did they sign up to defend their fatherland, as regular military and security professionals? But what you get from the press today, especially since the appointment of the new Service Chiefs, is that everyone has suddenly become an expert on national security. New deadlines are being set for them to defeat Boko Haram and end kidnapping and banditry in Nigeria. They are also being warned to quickly secure Nigeria’s territorial integrity, restore confidence in the armed forces and protect our democracy by every means possible. These are sound demands. But only on the face of it. Let us get real. First, deadlines are not new. The Gowon-led federal government set a two-week deadline for an end to the Biafran threat in 1966. It was even tagged a “police action.” Yet, it lasted for three years. A disastrous mistake, right? Reason? The government did not know what it was up against. More recently, the then Chief of Defence Staff announced a specific month and date for an end to Boko Haram. The insurgents grew stronger, instead. Reason? The man had no idea what he was up against. Two years after the date in question they said that Boko Haram was “technically” defeated; at a time of rising casualties from the asymmetrical assaults of the group. The Nigerian military and security forces were never in greater disgrace. That is what happens when military and security professionals find themselves constrained to seek cheap cover in political statements. The armed forces and security agencies failed then, partly because the challenge was grossly underestimated and partly because monumental financial irregularities and procurement scandals had replaced the primary task of dealing with the insurgents. For years now, especially within the last five years, our military and security forces have been celebrating the surrender and rehabilitation of “repentant” Boko Haram insurgents. Yet they do not know where Shekau, their leader, is. Interesting, is it not? Truth is: The newly appointed Service chiefs are inheriting a thoroughly messed up theatre and socio-political environment. Before we start blaming them, let us bear it in mind that close to 40% of Northern Nigeria and much of the Lake Chad Basin are home to convoluted, and shape-shifting crises. Cameroon, Chad, Niger and Nigeria are

As many are already poised to start blaming the newly appointed Service Chiefs, let us keep it in mind that they are being sent to a place with wide and ungoverned spaces; where displaced peoples are an absolute majority. The war is totally asymmetrical

enmeshed in its many-sided manifestations. Statutory structures for government and governance do not exist in the area. There is no such thing as economic growth and the people, where they are found at all, are sometimes like moving bands. There are literally no clear templates for organised engagement. Add the foregoing to a burgeoning humanitarian crisis in an environment where desertification has abolished political boundaries, and you have the perfect recipe for all manner of challenges. As many are already poised to start blaming the newly appointed Service Chiefs, let us keep it in mind that they are being sent to a place with wide and ungoverned spaces; where displaced peoples are an absolute majority. The war is totally asymmetrical. Most communities have worked out survival formulas with the insurgents and pay toll to go to their farms. Livelihoods are decimated. There are no real local economies and structured economic activities. Economic factors, poor political leadership or outright abandonment of the people by their elected leaders, have all played into the hands of the insurgents. Yes! The person who feels abandoned, and who also has no real means of livelihood is more likely to listen to ideological narratives that promise El-Dorado. Is it any wonder, then, that “radicalization” of some areas remains an ongoing affair? The new Service Chiefs need to synergise closely with the Multinational Joint Task Force (MNJTF), which has recently been at pains to give greater multi-dimensional meaning, direction and purpose to that endeavour, under our own Gen. Yusuf. But successful military operations are not enough. An area retaken from the insurgents is not thereby automatically restored economically. Military success will not create a sense of community, or give political, environmental, economic and humanitarian and security. The military and security agencies, alongside local and international NGOs, should work with the affected communities and their traditional power centres for a cocktail of complementary endeavours, for lasting solutions. Above all, someone should tell the governors of most of the affected states, particularly in the North-east, that their abdication of governance duties has lasted long enough. We need a lot more than change of Service the Chief to change the narratives. The ‘counter messaging’ that will drive a new resolve must pay some attention to everything the Service Chiefs need in order to succeed. Templates for lasting societal revival are important. The use of emotional language by spokes persons of military and security outfits, along with the expectation that the moral condemnation of Boko Haram, or the description of its actions as “cowardly” and “inhuman” is of any real value. Sometimes, we are too busy blaming religious ‘radicalisation’ to notice that local feelings of marginalisation and discrimination has chased some into the very arms of Boko Haram. Those who have switched loyalties, due to loss of faith in government agencies are now the majority.

Printed and Published in Lagos by THISDAY Newspapers Limited. Lagos: 35 Creek Road, Apapa, Lagos. Abuja: Plot 1, Sector Centre B, Jabi Business District, Solomon Lar Way, Jabi North East, Abuja . All Correspondence to POBox 54749, Ikoyi, Lagos. EMAIL: editor@thisdaylive.com, info@thisdaylive.com. TELEPHONE Lagos: 0802 2924721-2, 08022924485. Abuja: Tel: 08155555292, 08155555929 24/7 ADVERTISING HOT LINES: 0811 181 3085 0811 181 3086, 0811 181 3087, 0811 181 3088, 0811 181 3089, 0811 181 3090. ENQUIRIES & BOOKING: adsbooking@thisdaylive.com