TUESDAY 11TH JUNE 2024

South-west Governors Adopt Common Agenda for Region’s Prosperity

Segun James Regional economic integration, food

Economic integration, security, food production top priority at meeting Back state police, Sanwo-Olu emerges forum’s chairman production, and security topped the agenda at the meeting of the South-West Governors’ Forum held in Lagos yesterday. At the meeting held behind closed-doors in Alausa, Governor

Babajide Sanwo-Olu, the host, was unanimously elected to lead the forum as chairman.

According to a statement by the forum, Sanwo-Olu stepped into the position following the Continued on page 14 vacancy occasioned by the death

www.thisdaylive.com

Lawmakers Seek Rotational Presidency, Six Years Single Term for President, Govs in Proposed Bills

Adedayo Akinwale in Abuja

A group of over 30 lawmakers in the House of Representatives under

Continued on page 14

Labour's Deadline for New Wage Expires Today, LCCI Calls for Flexibility in Negotiation

Chuks Okocha, Olawale

Ajimotokan, Onyebuchi Ezigbo in Abuja and Dike Onwuamaeze in Lagos

As the one-week suspension of the nationwide strike by organised labour expires today, the leadership of the trade unions have appealed to President Bola Tinubu to use his position to give the Nigerian workers a deserved living wage.

This was as the Lagos Chamber of Commerce and Industry (LCCI) urged all parties in the ongoing negotiation to consider an amount that would reflect a good balance of economic realities, affordability, and sustainability.

Equally, the Nigeria Governors’ Forum (NGF) has called on the federal government to gradually stop the payment of electricity subsidies saying it is “ineffective.”

The organised labour is expected to convene its organ meeting tomorrow on the matter.

Speaking to newsmen on arrival in

Continued on page 14

STRATEGIC PARTNERSHIP FOR PEOPLE'S WELFARE...

L-R: Executive Secretary/Chief Executive Officer of the National Primary Health Care Development Agency (NPHCDA) Muyi Aina; Kwara State Governor/Nigeria Governor’s Forum Chairman, AbdulRaham AbdulRazaq (CON); Coordinating Minister of Health and Social Welfare, Prof. Muhammad Ali Pate (CON); and Director General and CEO of the National Health Insurance Authority (NHIA), Kelechi Ohiri after a meeting to discuss updates and seek the support of the NGF on BHCPF reforms, Project Hope, health workers' training, polio eradication, immunisation, and other health programmes of the federal government’s at the NGF Secretriat in Abuja... yesterday

Cost of Collection: FIRS, Customs, NUPRC Getting More Revenues Than States, Says Agora Policy

Advocates direct government funding

Emmanuel Addeh in Abuja

Agora Policy, a Nigeria-based nonprofit think tank yesterday argued that current “cost of collection” approach to revenue collection, where some agencies of government receive a percentage of the revenues they collect on behalf of the federation, was no longer practicable.

In its latest policy paper titled: “Why Nigeria’s Cost-of-Collection Approach is no Longer Tenable”, the Waziri Adio-led organisation, maintained that some agencies were getting more funds than some states, an anomaly in a federation.

Specifically, these costs that are deducted at the monthly meetings of the Federation Accounts Allocation Committee (FAAC), Agora Policy pointed out, are now riddled with all sorts of problems.

At the moment, it said the cost of collection applies to three agencies: The Federal Inland Revenue Service (FIRS), which receives 4 per cent of non-oil revenues; the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), which gets 4 per cent of royalties, rents and other revenues from the oil and gas sector and the Nigeria Customs Service (NCS), which receives 7 per cent of custom duties and levies.

While the argument for centrally collecting taxes and revenues remains sound, as it allows for ease and efficiency of collection and administration, Agora stressed that the idea of turning federal agencies into commission agents of the federation remains problematic.

“The cost-of-collection approach to rewarding and funding such agencies might have served a useful purpose at some point. However, recent developments show that it is a flawed idea. It

James Emejo

in Abuja

The Central Bank of Nigeria (CBN) yesterday reaffirmed its assurance to the banking public that their deposits remained safe amid a resilient industry.

CBN acting Director, Corporate Communications Department, Mrs. Hakama Sidi Ali, gave the assurance for the umpteenth time in a statement – amid unfounded concerns about the stability of some Nigerian banks, especially in the wake of Heritage Bank Plc's license revocation recently by the apex bank.

enables abuse, distortions, distractions and wasteful expenditures. The utility of the approach has been overtaken. It is thus no longer tenable.

“A review of the fully disaggregated data on FAAC disbursements, as published by the National Bureau of Statistics (NBS), highlights some of the incongruities that the arrangement has created. For example, in January 2024, FIRS received N43.35bn as cost of collection. None of the 36 states of the federation received up to this amount as federation allocation.

“The state with the highest gross allocation for the month, Delta State, got N39.59 billion, which means that FIRS not only received an amount more than what each of all the 36 states but also got 109.49 per cent of the allocation of the state with the highest gross allocation.

“It is interesting to note that Customs Service received N16.27 billion, the lowest cost of collection for the month. But what Customs got was higher than what each of the 31 states received as gross allocation for the month,” the report showed.

Agora Policy maintained that there was even a more incongruous dimension, with the three agencies receiving a total of N78.30 billion as the cost of collection for January 2024.

But the gross allocations to the six geo-political zones for the same month, it posited , were as follows: N56.60 billion for the North-east; N55.58 billion for the North-central; N76.09 billion for the North-west; N47.75 billion for the South-east; N141.85 billion for the South-south; and N86.60 billion for the South-west.

“This shows that for the month, the cost of collection received by the three agencies (N78.30 billion) was higher than the gross FAAC allocations to each of four geo-political zones

She faulted claims that the CBN was considering revoking the operating licenses of Fidelity, Polaris, Wema, and Unity Banks’ Sidi Alli also clarified that a circular issued by the bank on January 10, 2024, notifying the public about the dissolution of the boards of Union, Keystone, and Polaris Banks - was circulated as though it was issued on June 10, 2024.

The CBN acting director insisted that the defunct Heritage’s case was isolated, adding that allegations of further revocation of licenses before the completion of the ongoing

in the country: North-east (N56.60 billion), North-central (55.58 billion), North-west (N76.09 billion) and South-East (N47.75 billion).

“The South-south and South-west got more than what the three agencies received only on account of 13 per cent derivation for the oil producing states and the allocation of N21.28 billion as the net allocation to Lagos State for Value Added Tax (VAT),” it observed.

Arguing that it is doubtful that it was part of the plan for about 90 per cent of the states to get gross allocations lower than the agency with the least commission in any month, the organisation stressed that if the designers had thought about these possibilities and the unintended consequences, they probably would have installed circuit-breakers or sunset clauses.

While the agencies could contend that they are receiving more money now simply because they are also bringing in more money to the federation, the think tank noted that this was not necessarily so.

To check this claim, it said that it tracked the FAAC disbursements

for a five-year period, from February 2019 to January 2024, with the data revealing how the revenue structure of the federation had changed within five years and in a way that gives an edge to the agencies against the three tiers of government on behalf of whom they collect the revenues.

In February 2019, the gross FAAC revenue, it said, was N619.86 billion and the total cost of collection was N13.58 billion, or 2.19 per cent of the gross allocation.

In January 2024, the gross revenue, it observed, was N2.07 trillion while the three agencies received N78.30 billion, or 3.79 per cent of it.

“On the face of it, the absolute value of the cost of collection is merely rising gross revenue. But this is not exactly so: while the gross revenues between February 2019 and January 2024 increased by 234 per cent, the cost of collection for the same period increased by 477 per cent. So, the cost of collection has increased in more than corresponding proportion than the gross revenue has.

“If the cost of collection had remained at the 2.19 per cent level of February 2019, the sum of N45.33

billion (instead of N78.30 billion) would have been due to the agencies as the cost of collection in January 2024. This means that the agencies would have received 42.11 per cent less than they did this January,” it added.

Explaining that the cost of collection approach is clearly defective, it said that this defectiveness will not be fixed simply by reducing the percentage charged, contrary to a recent proposal by the presidential committee of fiscal policy and tax reforms.

“Our position is that the three agencies should be funded, and well-funded, via appropriation by the federal government. They are providing important services and adequate provisions should be made for them.

“But their budgets should be based on verifiable, justifiable and reasonable needs. Increase in budgetary provisions for them should be tied expected improvements and returns, as opposed to the current practice where expenditure routinely rises to meet available money.

“It is also important to bear in mind that while the current approach

may yield more money than the agencies need, it may produce less than needed at some other time. What government should aim for is adequate and predictable funding for these important agencies.

“This can be a first-line charge in federal government’s revenue. But this will be a better approach than having a few over-resourced and profligacy-prone agencies.

“The federal government should receive an extra but minimal percentage as allocation for collecting revenues on behalf of the federation. But this should go to the federal government and not directly to the agencies.

“The federal government can give performance bonus to these agencies to incentivise them but this should be when they surpass pre-agreed revenue targets.

“The cost-of-collection arrangement was probably designed based on good intentions and was clearly intended to solve some problems. But it has in turn spawned its own problems. It is time to jettison it for a more transparent, more prudent and more accountable approach,” the group argued.

The Nigerian National Petroleum Company Limited (NNPC ) yes-

banking industry recapitalisation exercise were mere fabrications aimed at creating panic within the system.

She said customers, particularly those of Heritage Bank, needed not to worry about the safety of their deposits, adding that the Nigeria Deposit Insurance Corporation (NDIC) had commenced payment to the bank's insured depositors.

She, therefore urged the public to continue their regular banking activities without concern, dismissing any false reports regarding the health of specific Deposit Money Banks

(DMBs) in the country.

She stressed that the central bank, with its robust regulatory framework, was proactively ensuring the stability of Nigeria’s financial system, and guaranteeing the safety of depositors' funds in all banking institutions.

The statement further reiterated the assurances of the CBN Governor, Mr. Olayemi Cardoso that the recapitalisation of banks was intended to bolster the banking system and safeguard the sector against risks.

Sidi Ali urged all stakeholders to

cooperate in ensuring the success of the process, which she noted would be for the overall growth of the Nigerian economy.

She added, “Without prejudice to the ongoing recapitalisation process, I want to restate that the Nigerian banking industry remains resilient. Key financial soundness indicators remain within current regulatory thresholds.

“Customers are, therefore, encouraged to proceed with their transactions as usual, as the CBN is committed to ensuring the safety of the banking system.”

“NNPC is neither aware of any audit of its subsidy claims nor probe ensuing therefrom and wishes to state categorically that both ridiculous claims are products of the febrile imagination of the reporters and their respective media houses.

“NNPC Ltd will resist any attempt to drag the company into the apparent politics of fuel subsidy as it currently operates on commercial basis and on the express provisions of the Petroleum Industry Act (PIA).

“It is on record that in line with its Transparency, Accountability & Performance Excellence (TAPE) mantra, NNPC has, on several occasions, independently invited external auditors to review its books,” it said.

NNPC called on media practitioners and media houses to exercise restraint and verify information before publication in keeping with the ethics of the noble profession of journalism to avoid misleading the public.

Emmanuel Addeh in Abuja

L-R: , Governor Abiodun Oyebanji (Ekiti); Governor Dapo Abiodun (Ogun); the Forum’s chairman, Governor Babajide Sanwo-Olu (Lagos); Governor. Seyi Makinde (Oyo); Governor Lucky Aiyedatiwa (Ondo) and Governor Ademola Adeleke (Osun) during a meeting at the Lagos House, Alausa, Ikeja, ... yesterday

L-R: Partner/Head of Tax-Energy Resources and Natural Resources, KPMG, Mr Ayo Salami; Senior Partner/CEO, KPMG

Ministry of Steel Development, Dr Mary Ogbe; Group Managing

Wale Edun Advocates More Liquidity in Power Sector

NDPHC declares Calabar best power plant

sunday aborisade in Abuja Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, yesterday, said liquidity remained a major solution required by the power sector to perform optimally. Edun stated this in his submission before the Senate Committee on Power investigating the controversial Make up Gas (MUG) Reprocessing Deal, involving the Ministry of Finance, NDPHC, Calabar Power Generation Company Limited, and ACUGAS Limited.

The minister's speech was read by his Special Assistant, Mallam Dahiru Moyi.

He said the agreements on gas supply between NPDHC and ACUGAS Limited was inherited by former President Muhammadu Buhari in 2015, since it was signed in 2011 during President Goodluck Jonathan 's administration.

He said, "Just as the Ministry of Justice was not aware of the contract agreement, the Ministry of Finance was also not part of it from the beginning, but since government is a continuum,

Ministry of Finance later came into it for the purpose of facilitating the required liquidity.

"The issues on ground about contract agreements being investigated by the Senate Committee on Power is not about restructuring, but providing the required liquidity which the Ministry of Finance is doing through collaboration with the Nigerian Liquefied Natural Gas (NLNG).

"Since the NLNG pays for gas in dollars, the ministry is collaborating with it for practical solution of bringing liquidity into the age long

contract agreement through Deed of Transfer.

"Make Up Gas (MUG) belongs to Calabar Power Plant; Calabar Power Plant belongs to NDPHC and NDPHC belongs to federal and state governments, with the federal government having 52.68 per cent."

In his own submission before the committee, Managing Director of NDPHC, Mr. Chiedu Ugbo, informed the Senate Committee on Power that the Calabar Power Generation Company, under its ownership, was the best performing

Stakeholders Call for Responsible Debt Management, Fiscal Reforms

Several stakeholders in Nigeria, including policymakers, Civil Society Organisations (CSOs), media and others from diverse sectors, yesterday urged the government to ensure responsible debt management as well as institutionalise fiscal reforms.

In a communiqué released after a national policy dialogue on fiscal reforms and debt management in Abuja, organised by OrderPaper Advocacy Initiative under its Growth Initiatives For Fiscal Responsibility (GIFT) project, they said these were key to sustainable development in Nigeria. The GIFT project is supported by the United States Agency for International Development (USAID) through the Strengthening Civic Advocacy and Local Engagement (SCALE) Project, implemented by Palladium.

Signatories to the communiqué included: Executive Director, OrderPaper Advocacy Initiative , Oke Epia; Lead Director, Centre for Social Justice, Eze Onyekere and Executive Director, Public and Private Development Centre (PPD), Jubril Shittu.

The groups stated that from the rise in Nigeria’s total debt stock at N12.85 trillion in 2015 to a staggering N87.91 trillion in September 2023, the bungled N22.7 trillion Ways and Means facility to the federal government, to the ever-changing FX rates, inflation, and economic hardships, current fiscal policy failures are evident.

Recently, they noted that citizens had been met with a flurry of tax burdens, such as the removal of fuel subsidies, which has led to an over 300 per cent increase in the price of fuel.

Despite several streams of revenue generation schemes, the country’s public finance, debt profile and fiscal health, the groups said, continue to take a downward turn.

On the other hand, the inflation rates, they explained have risen as high as 33.69 per cent in April 2024, as the National Bureau of Statistics (NBS) reported.

“This alarming surge in the inflation rate underscores the ongoing economic hurdles our nation faces, dealing a blow to the hopes of millions of Nigerians who anticipate a decrease in the prices of goods and services.

“Fiscal and monetary authorities such as the Ministry of Finance, Central Bank of Nigeria, Ministry of Budget and National Planning, Budget Office of the Federation, Debt Management Office, and Federal Inland Revenue Services struggle to redirect the Nigerian economy, further highlighting the need for better debt management and fiscal reforms,” the stressed.

According to the stakeholders, this prompted the hosting of the pivotal event focused on fiscal reforms and debt management, aiming to address critical challenges and foster sustainable economic growth.

Bringing together policymakers, the event, they said, facilitated insightful discussions and constructive

exchanges on the pressing issues concerning fiscal responsibility.

Aside Epia and other participants, the Chairman Fiscal Responsibility Commission, represented by the Special Adviser, Chris Uwadoka, made a goodwill presentations.

Other speakers included: The Chairman of the House Committee on National Planning and Economic Development, Hon. Isiaka Ibrahim; Charles Abana, Head Directorate of Legal, Investigation and Enforcement, FRC as well as Olusegun Elemu, Executive Director, Paradigm Leadership Initiative (PLSI).

Ibrahim, said the lawmakers unwaveringly support fiscal reforms, particularly the Fiscal Responsibility Act, 2007 repeal and enactment bill (HB.1748), which is currently before

the House and has been passed for second reading.

He stated that the public can begin to prepare their memoranda for submission towards the public hearing for the Fiscal Responsibility Act, 2007, repeal and enactment bill (HB.1748).

“In conclusion, the insights garnered from this event will serve as a foundation for ongoing dialogue and collaboration among stakeholders committed to advancing fiscal responsibility and sustainable economic growth.

“The GIFT project is dedicated to supporting evidence-based policy reforms and capacity-building initiatives that promote fiscal reforms and sustainability,” the communiqué stressed.

power plant in the country.

Ugbo said the company, as a result of the gas supply agreement with ACUGAS Limited, was taking gas from three out of five units and generating power from Calabar plant to the national grid, which, according to him, was the best power plant in the country.

He said NDPHC went out of its way to construct 80 kilometres gas pipeline for utilisation of MUG in

Calabar and Alaoji power plants. He, however, lamented that problems relating to systemic transition, frequency and voltage issues had not made the firm to achieve the desired results. The chairman of the committee, Senator Enyinnaya Abaribe (APGA, Abia South), thanked stakeholders for giving the committee clarity on the issues, adding that it is still an ongoing investigation.

The Minister of Transportation, Sa'idu Alkali, yesterday announced that the federal government had commenced the conversion of railway locomotive engines from diesel to Compressed Natural Gas (CNG).

The minister who disclosed this during an inspection on the retrofitting exercise at Idu train station in Abuja, stated that if successful, the locomotive engines will work on 70 per cent diesel and 30 percent gas.

Alkali, while speaking on the sidelines shortly after the inspection, explained that the process was currently at an advanced stage as the engine is designed in such a way that the diesel is used to power the engine after which it is switched to gas.

He said: "We started in the last one month. Nigeria is the first African country to convert diesel

engine to gas, the engine will work 70 per cent on diesel and 30 per cent on gas. At the start of the locomotive, you use diesel ones and after starting it, you switch to gas. "We have interacted with the engineers and the process is at advanced stage and we are going to test-run the engine tomorrow (Tuesday) and then determine when we will start rolling out the CNG locomotives."

Speaking on the benefits, Alkali said it will bring down the cost of maintenance by about 60 to 70 percent as well as control emission, given that once the locomotive moves to gas, there won't be gas emissions.

He, however said that the process will be beginning with the AbujaKaduna rail corridor, given that the workshop for the conversion is in Abuja, noting that they intend to move to other corridors soon.

emmanuel addeh in Abuja

The Nigerian National Petroleum Company Limited (NNPC) last night said it had executed a Project Development Agreement (PDA) with Golar LNG for the deployment of a Floating Liquefied Natural Gas (LNG) offshore Niger Delta, Nigeria. The national oil company stated that this was in furtherance of its commitment to monetising Nigeria's vast natural gas resources, a statement by the Chief Corporate

Communications Officer, Olufemi Soneye, said.

The signing ceremony was attended from the NNPC side by the Chief Financial Officer, Umar Ajiya; Executive Vice President, Gas Power & New Energy, Olalekan Ogunleye and Executive Vice President, Upstream, Mrs. Oritsemeyiwa Eyesan, while the Golar LNG team was led by Karl Fredrik Staubo, its chief executive.

The PDA, it said, was another major milestone achievement towards

ensuring gas commercialisation through the deployment of an FLNG Facility in Nigeria.

It said that this was is in line with President Bola Tinubu’s resolve to rapidly commercialise Nigeria’s gas assets for the economic prosperity of the Nation.

"The agreement aims to monetise vast proven gas reserves from shallow water resources offshore Nigeria. The PDA also outlines the monetisation plan that will utilise approximately 400-500mmscf/d and

produce LNG, LPG and condensate. "The partners, NNPC Limited and Golar LNG have both expressed their commitment to achieve Final Investment Decision (FID) before end of Q4, 2024 and first gas by 2027," it said.

Golar LNG Limited, it said, is a renowned independent owner and operator of LNG infrastructure, including carriers, floating storage and regasification units (FSRUs), and floating liquefaction (FLNG) vessels.

Nigeria, Mr. Tola Adeyemi; Minister of Steel Development, Prince Shuaibu Abubakar Audu; Permanent Secretary,

Director /CEO, KAM Holdings, Dr. Kamoru Yusuf;, Director, Tuntise Investment Limited, Otunba Babatunde Alatise; and Partner, KPMG, Ghana, Mr. Labaran Amidu, at the KPMG 2024 Breakfast seminar themed "Mining - The Future Frontier for Nigeria's Economic Diversification' held in Lagos ... recently PHOTO:

emmanuel addeh in Abuja

Kasim sumaina in Abuja

CommiTTEE for rEviEw ANd HArmoNiSATioN of SECTorAl PoliCiES...

L-R: Senior Special Assistant to the President, Legal, Research and Compliance Matters, Bashir Maidugu; Special Adviser to the President on Policy Coordination, Hadiza Usman; and Director General, National Institute for Policy and Strategic Studies, Kuru, Prof Ayo Omotayo, at the inauguration of Committee for the Review and Harmonisation of Sectoral Policies in Abuja... yesterday

After 35 Years, Atedo Peterside Steps Down from Standard Bank Board

The Standard Bank Group Limited, yesterday announced the retirement of Mr. Atedo Peterside as non- executive director of the financial institution listed on the Johannesburg Stock Exchange (JSE).

The retirement of the founder of Chairman of Stanbic IBTC Holdings Plc (subsidiary of Standard Bank Group listed on the Nigerian Exchange Limited), comes after 35 years of active service at the financial institution.

In a filling on the JSE dated April 18, 2024, by the parent company, Standard Chartered Bank, the lender disclosed that Dr Xueqing Guan and Mr Atedo Peterside would retire as directors at the conclusion of the Annual General Meetings (AGMs) of Standard Bank Group and The Standard Bank of South Africa Limited (SBSA).

The AGM was scheduled to be held yesterday, and May 23, 2024 respectively.

Stanbic IBTC Holdings, is a member of Standard Bank Group and a leading end-to-end financial institution in Nigeria.

The notice obtained by THISDAY on X (former Twitter) stated that, “Shareholders are advised that, in accordance with the provisions of paragraph 3.59(b) of the JSE Listings Requirements and paragraph 6.39(b) of the JSE Debt Listings Requirements, Dr Guan and Mr Peterside are required, in terms of the Memoranda of Incorporation of Standard Bank Group and SBSA, to retire by rotation at the respective companies’ AGMs.”

Both directors have formally advised the Company and SBSA that they would not make themselves available for re-election.

Consequently, they would step

down from the boards and board committees that they serve on, at the conclusion of the AGMs.

“As indicated in the SENS an-

nouncement dated 28 March 2024, the notice of the Standard Bank Group’s AGM will be published on 29 April 2024.

“The boards of Standard Bank Group and SBSA express sincere gratitude to Dr Guan and Mr Peterside for their exemplary leader-

ship and significant

NDDC Defends N1.9tn 2024 Budget Before Senate, Plans to Borrow N1tn

Earmarks N100bn for debt repayments annually for 10 years

Sunday Aborisade in Abuja

The Niger Delta Development Commission (NDDC) yesterday defended N1.911trillion as its 2024 Budget before the Senate Committee on the NDDC.

Managing Director of the agency, Dr. Samuel Ogbuku, presented the

estimates of the fiscal document to the senators, in company with top management staff of the commission and the NDDC board members.

He said the budget was prepared to prioritise improvement in security, job creation, youth and women empowerment, social welfare, education and infrastructure, among others.

Access Bank Completes Acquisition of Tanzania’s BancABC, Consolidates East African Operations

Fitch Ratings upgrades Coronation Merchant Bank to 'B-’, stable outlook

Nume Ekeghe

Access Bank Plc has announced the successful completion of its acquisition of African Banking Corporation Limited (BancABC) Tanzania, aligning with its strategic expansion goals across Africa.

The milestone, it said, followed the initial announcement in July 2023, representing another step in its journey to becoming the world’s most respected African bank.

Access Bank noted that following the acquisition, BancABC Tanzania’s operations will be integrated with the consumer, private, and business banking operations of Standard Chartered Bank, Tanzania. The merger, it stressed, will result in the formation of a new entity, Access Bank Tanzania.

Access Bank in a statement noted that this furthers its aspiration to be a strong player within the East Africa region, while adding greater depth and breadth to its pan African operations.

In addition, it stated that it was creating more significant opportunities for financial inclusion, diversified product range and enhanced customer experience.

Access Bank’s presence in over 22 countries presents a robust platform that can be leveraged to boost intra and inter Africa trade and payments, it said. Commenting on the acquisition,

Access Bank’s Managing Director/ Chief Executive Officer, Roosevelt Ogbonna, stated: “This strategic move represents a notable step towards setting a railroad in Tanzania for intra-African trade within the East African region, Africa and the rest of the world.

“ It underscores our commitment to creating a robust East African banking network, driving positive change and innovation.

“We are excited about the opportunities this acquisition presents for our operations in Tanzania and are eager to leverage our combined strengths to deliver exceptional financial solutions and experiences to our customers.”

Also commenting also on the transaction, Managing Director, African Banking Corporation (Tanzania) Limited, John Imani, said: “The completion of our transaction with Access Bank, not only underscores Access Bank’s strong confidence in our operations and the Tanzanian market but brings new and exciting opportunities for our customers, employees, and stakeholders.

“ The new entity is poised to enhance our service offerings, leveraging Access Bank’s extensive resources and expertise to deliver even greater value to our clients. We look forward to an exciting and prosperous future as part of the Access Bank family, driving economic growth and financial inclusion across Tanzania.”

Meanwhile, Fitch Ratings yesterday

upgraded its Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘CC’ and its Viability Rating (VR) to ‘b-‘ from ‘cc’ for Coronation Merchant Bank.

Additionally, the Bank’s National Long-Term Rating has been upgraded to ‘BBB-(nga)’ from ‘B+(nga)’, with the outlooks on the Long-Term IDR and National Long-Term Rating rated stable.

The significant upgrade, the agency said, reflects the robust improvement in the Bank’s capital position, following the completion of a rights issue and the sale of foreign currency-denominated equity investments.

In the other relating Fitch upgrade for Coronation Merchant Bank, it stated that the substantial upgrade reflects the agency’s view that funding instability risks have receded, due to the strengthening of Coronation Merchant Bank’s capital base.

This assessment, it noted , is also attributed to an improvement in the Bank’s core profitability, aided by the softening of the Cash Reserve Ratio (CRR) regime for merchant banks.

The rating agency further remarked: “Coronation Merchant Bank Limited’s Issuer Default Rating (IDR) is driven by its standalone creditworthiness, as expressed by its VR of ‘b-’.

“The Viability Rating (VR) balances the concentration of Coronation Merchant Bank’s operations in Nigeria’s

challenging operating environment, a niche franchise and business model, high credit concentrations, moderate capitalisation and its reliance on short-term wholesale funding against good asset quality metrics.”

In addition, Fitch highlighted the Bank’s strong asset quality metrics, noting that “despite challenging macroeconomic conditions, Coronation Merchant Bank has recorded no impaired loans since converting to a merchant bank in 2015, reflecting its prudent underwriting standards and risk controls, and the lower-risk nature of its trade finance loans.”

Commenting on the upgrade, Deputy Managing Director of Coronation Merchant Bank, Paul Abiagam, said: “Our unique four-step upgrade in both ratings by Fitch is a testament to the progress the board & management have made in directing and executing strategic initiatives.

“These have effectively reinforced our financial stability and operational resilience. It reflects the hard work and dedication of our entire team and underscores our shared devotion to maintain high standards of financial management and deliver exceptional value to our stakeholders.”

The bank in the statement noted that the upgrade reflects the testament to its founder, Aigboje AigImoukhuede’s vision and leadership for Coronation Merchant Bank which remains focused on leading Africa’s merchant banking subsector.

According to him, "the proposed budget seeks to move the Commission from transaction to transformation,” saying it was a product of participatory budgeting process that involved all the major stakeholders in the Niger Delta Region with the theme “Budget of Renewed Hope Agenda”.

He said, "In preparing the 2024 Budget, our primary objective has been to sustain our robust foundation for sustainable economic development.”

He put the agency's outstanding revenue from last fiscal year at N12 billion and arrears owed by the federal government and recoveries by federal agencies at N170 billion.

Ogbuku, said the agency proposed to borrow N1 trillion; projected N324 billion as the federal government’s contribution and anticipated to receive N25 billion as ecology fund.

The Managing Director added that the commission was expecting N375 billion as oil companies' contributions and projected N5 billion as an internally generated revenue.

On expenditure, he said the NDDC planned to spend N38.545 billion as personnel cost; Overhead cost of N29.246 billion and Internal Capital of N8.785 billion.

Ogbuku, added that the agency would fund legacy projects with the N1trillion it intends to borrow from commercial and development banks while additional N835.222 billion was proposed for project development.

He said, "As of April 30th 2024, the Commission's actual aggregate revenue inflow was N683.2 billion, approximately 78 per cent of the targeted N876 billion.

"This comprise N146.4 billion representing (122%) from the federal government and N394.5 billion representing (141%) from Oil & Gas Companies. We had a carry forward of N105billion from 2023 representing (2117%).

"Investing in critical infrastructure is a key component of our fiscal strategy under the 2024 Budget Proposals.

"The present management has noted that the Commission alone would not be able to effectively address the development challenges

in the Niger Delta region.

"Towards this end, we are renavigating Its process of intervention by adopting Public-Private-Partnership model as a vehicle to drive a sustainable development in the Niger Delta Region.

"Accordingly, to this end, we are in partnership with the Industrial Training Fund to gainfully engage the youth of the region to reduce crime, economic sabotage."

On indebtedness, he said the agency made a provision for payment of legacy debt in the budget.

He added, "What we have there is about a hundred million which we believe if we phase out this, maybe in the next 10 years, we should have been able to pay off most of all these legacy debts.

"Some of these debts are even 20 years old. Some of them are 15 years old, but they are not debts you can pay in one year.

"So we just want to phase them within a period of maybe 10 years. That's why we made that estimate provision."

He said the agency was also in partnership with the Niger Delta Chamber of Commerce, Trade, Mines, and Agriculture (NDCCTIMA). Several Organisations and State Governments have approached the Commission for partnerships and we are currently engaging them to fine tune the process.

He said, "The main emphasis will be the completion of as many ongoing legacy projects that have advanced greatly.

"It is our expectation that by the end of the 2024 fiscal year we would have completed more than 200km of roads across the Niger Delta Region, as we understand that our people have different expectations on the Budget of NDDC and they believe the Commission will respond to all their demands.

"However, the reality is that resources are limited and no Budget can ever meet and satisfy the yearnings of each and every member of the rural communities.

"We can only devote our efforts to providing support for the needs of the greater number of our people.

Kayode Tokede

contribution during their tenure on the boards; and wish them well in their future endeavours, “the statement added.

FAAC Disburses N1.143tn As Federation Account Grossed over N2.324tn in May

Ndubuisi

Francis in Abuja

The federation account grossed a total revenue of N2.324 trillion (N2,324.792 trillion) for the month of May, indicating a sizable increase of more than N132 billion over the N2,192.077 trillion posted in April.

However, the Federation Account Allocation Committee (FAAC) yesterday disbursed only N1.143 trillion of the revenue haul to the three tiers of government as Federation Account Revenue for the month of May.

The shared amount was about N65 billion less than N1.208 trillion disbursed in the preceding month of April.

Minister of Finance and Coor-

Geneva for the annual conference of the International Labour Organisation (ILO), NLC President, Joe Ajaero, said that having submitted its demand to the president through National Minimum Wage Tripartite Committee, the expectation of the workers was for him to consult widely and pronounce a minimum wage that would fill the wide gap income created by economic downturn.

"Of course we should understand that the bill that will be sent to the National Assembly is an executive bill that was why the report of the Tripartite Committee was sent to the president.

"Once the bill is sent to the president, ordinarily the president has to do some consultations. In the last minimum wage report that was sent to President Muhammadu Buhari, I think it was N27,000 and after consideration he moved it to N30,000.

"So it expected that the president as the chief executive will make some adjustments as he has seen clearly that it is not just a margin, but a

dinating Minister of the Economy, Mr. Wale Edun, presided over the FAAC meeting, which was held in Abuja.

Citing a communique issued at the end of the meeting, a statement by the Office of the Accountant-General of the Federation (OAGF) disclosed that the N1,143.210 trillion total distributable revenue comprised distributable statutory revenue of N 157.183 billion, distributable Value Added Tax (VAT) revenue of N463.425 billion, Electronic Money Transfer Levy (EMTL) revenue of N15.146 billion, and Exchange Difference revenue of N507.456 billion.

The statement said the total revenue of N2,324.792 trillion available in the month of May had

gulf between N62,000 and N250,000. That is why a lot is expected from him," he said.

Meanwhile, THISDAY gathered from a reliable source that organised labour is making plans to hold an emergency meeting of its National Executive council to review the progress on the minimum wage negotiations after the expiration of the one-week suspension of nationwide strike today.

The source who spoke to THISDAY on the condition of anonymity yesterday said: "You are aware that we relaxed the nationwide strike in response to the assurance given by the President to ensure the conclusion of minimum wage negotiations.

"Now that the committee has submitted its report to the President, we expect him to do the needful and endorse our request for N250,000," he said.

The organised labour had demanded N250,000 as the new minimum wage for Nigerian workers, while the Tripartite Committee on National Minimum Wage led by

total deduction for cost of collection standing at N76.647 billion, while total transfers, interventions, and refunds amounted to N1, 104.935 trillion. It revealed that gross statutory revenue of N1,223.894 trillion was received for May.

That was lower than the sum of N1,233.498 trillion received in April by N9.604 billion.

VAT posted a gross revenue of N497.665 billion in May, an amount lower than the N500.920 billion available in April by N3.255 billion.

The sharing ratio of the N1,143.210 trillion disbursed among the three tiers of government indicated that the federal government received a total sum of N365.813 billion, states got N388.419 billion, while the local

Alhaji Bukar Goni Aji, yesterday, had recommended N62,000, which has been submitted to the Secretary of the Government of the Federation (SGF), Senator George Akume, for onward transmission to President Bola Tinubu.

Director (Information & Public Relations), Office of the SGF, Segun Imohiosen, disclosed that the report was submitted yesterday.

In receiving the report, Akume thanked Aji and members the committee for their commitment and sacrifices.

The 37-member Tripartite Committee was inaugurated by President Tinubu on January 30, 2024, in accordance with the provisions of the Minimum Wage Act, 2019 with the responsibility of recommending a new national minimum wage for Nigerian workers in public and private sectors.

The Tripartite Committee concluded its assignment last Friday.

The statement said a formal presentation of the report would be made to Tinubu for appropri-

governments received a total sum of N282.476 billion.

The sum of N106.502 billion or 13 per cent of mineral revenue was shared to the benefiting states as derivation revenue.

The federal government received N69.514 billion, states received N231.713 billion and the local government councils got N162.199 billion from the N463.425 billion distributable VAT revenue.

Similarly, a total sum of N2.272 billion was received by the federal government from the N15.146 billion Electronic Money Transfer Levy (EMTL).

State governments received N7.573 billion and the local government councils received N5.301 billion.

ate action, when the leadership of the organised labour as well as representatives of government and organised private sector, who were presently in Geneva, Switzerland, for the ongoing International Labour Organisation (ILO) Conference, return to the country.

Meanwhile, the LCCI has urged all parties in the ongoing negotiation to consider an amount that would reflect a good balance of economic realities, affordability, and sustainability.

The chamber, in a statement titled “LCCI Urges Labour to be more Flexible and Consider Affordability and Productivity in New Minimum Wage Negotiations,” stated that it was important for the negotiators to have their eyes on ‘a good balance” in order to avoid a situation where a wage is forced on the governments and businesses that would eventually lead to job losses, worsened poverty levels, and hyperinflation where too much money would be chasing too few goods.

The statement, which was issued yesterday by the Director General

LAwmAkerS Seek roTATIonAL PreSIDencY, SIx YeArS SIngLe Term for PreSIDenT, govS In ProPoSeD BILLS

Abuja, Co-sponsor of the reformers bills and member representing Ideato North/South Federal Constituency, Hon. Ikenga Ugochinyere, said the electoral reform bills have gone through first reading, adding that they would be going for a second reading on the floor of the House.

He said the bills, if passed into law, would help reduce the cost of governance and campaigns, unite the country, ensure a seamless transition, continuity, uninterrupted development, justice, equity, independence of the Independent National Electoral Commission (INEC) and efficient use of state resources, among others.

Ugochinyere explained: “We are a group of Reform minded lawmakers committed towards using the instrument of lawmaking to reform Nigeria and our political process, constitutional and electoral reform has been a burning topic in Nigeria since independence from Britain in 1960.”

He added that this was in line with the realisation that the current political arrangement has some identified distortions, defects and limitations that called for urgent, focused and realistic attention, hence the initiative on political and electoral reform.

Ugochinyere noted: “These bills which are 50 in numbers have gone through first reading but today we are starting with public unveiling of about six of them while the remaining will come in the weeks ahead.

“It ranges from governance, economic, security, and justice sector reforms to social bills that will target unifying our nation and ensuring long-lasting peace and national cohesion.”

The lawmakers stressed that they were cognisant of the fact that Nigeria in times past had deliberated on and accepted some of the proposals in the Bills, including the Justice Uwais electoral reforms, the Senator Ken Nnamani electoral reform committee, the Udoji civil service reform reports, the Confab reports, among others.

Against this background, the lawmakers said they are proposing:

“Constitutional Alteration to provide for the rotation of executive powers among the six geopolitical zones to ensure equal representation and reduce the desperation and tempo of agitation for the creation of states.

“To amend section 3 of the Constitution to provide for the recognition of the division of Nigeria into six geopolitical zones.

“To amend the Constitution to provide for a single tenure of six years for the President and Governors of the Federal Republic of Nigeria. The reduction in government spending and wastage, efficiency in governance, and national stability by providing a single term of six years for the President and Governors.”

The lawmakers are also proposing a constitutional amendment to create the office of two vice presidents from the southern and northern parts of Nigeria.

They lawmakers noted that the first vice president shall be a succession vice president, while the second vice president shall be a Minister in charge of the Economy, and both shall be Ministers.

The lawmakers added: “Constitutional Amendment to provide that the President and the 1st Vice President shall come from the same part of the country (north or south) and the 1st Vice President shall become President whenever the President becomes incapacitated, i.e., Vice President (Succession), Vice President (Administration and Economy).

“The financial autonomy and accountability of Local Government Councils by prescribing an independent Consolidated Local Government Council Account solely superintendent by Local Councils and prescribing long-term imprisonment for any misuse of Local Government funds.

“To amend section 162(5) of the 1999 Constitution to provide that where a State Government fails to remit to the Local Government Councils within its jurisdiction (or within the State), the amounts standing to the credit of that Local Government in the allocation from the Federation account, such State

Government shall not be entitled to receive a future allocation from the federal government.’

On electoral reforms, the lawmakers are proposing bills to amend the relevant sections of the Electoral Act to ensure that all elections — presidential, governorship, National Assembly, state houses of Assembly, and local governments are held on the same day.

The lawmakers are also proposing amendment to relevant sections of the Electoral Act to provide that no declaration of a winner of an election shall be done by the relevant INEC Officials until such officer has compared the results with the list of accredited voters and ensured that the results to be declared are in tandem with the list of accredited voters and the B-VAS machine or any other electronic device.

They added: “Amend the Electoral Act to provide that any INEC Officer

of former Governor of Ondo State, Arakunrin Rotimi Akeredolu, who chaired the regional caucus.

Governors Seyi Makinde (Oyo), Dapo Abiodun (Ogun), Lucky Aiyedatiwa (Ondo), Ademola Adeleke (Osun), Biodun Oyebanji (Ekiti), and Sanwo-Olu (Lagos) were all physically present at the meeting, which lasted four hours.

They all paid their last respects to the memory of the late Akeredolu, who passed away last December.

The forum reviewed security across the region, and pointed out that the South-west had been relatively peaceful.

The governors renewed their call for creation of state police to further strengthen security in the region. They agreed on the need to forge a security cooperation in order to enhance economic development and free movement within the region.

The governors also called for more collaboration between security agencies and Western Nigeria Security Network, known as Amotekun Corps.

The forum commended the

From the N507.456 billion Exchange Difference revenue, the federal government received N233.017 billion, the state governments received N118.189 billion, while the local government councils received N91.119 billion.

A total sum of N65.131 billion (13 per cent of mineral revenue) was shared to the benefiting states as derivation revenue.

According to the communiqué, in the month of May, Companies Income Tax Oil (CIT) and Petroleum Profit Tax (PPT) increased significantly while Import and Excise Duties, Royalty Crude and Gas, Electronic Money Transfer Levy (EMTL), CET Levies and VAT recorded considerable decreases.

of LCCI, Dr. Chinyere Almona, called, “on labor to be more flexible, reconsider the government's offerings, and be concerned about how private businesses can afford to pay the set wage without considering shutting down operations or cutting jobs.”

The LCCI argued that unions should consider labour productivity that is supported by infrastructure rather than high wages with weak productivity.

It stated: “We urge all parties to consider a wage that is within the financial capacity of both federal and state governments, will help maintain economic stability, and prevent potential layoffs or cuts in essential services.

“It is also pertinent to adopt a wage that supports long-term economic sustainability.

“Over-extending financial commitments could increase borrowing and debt, adversely affecting the nation's economy.

“All states can uniformly implement the new minimum wage by agreeing to a realistic and achievable wage, ensuring that workers nationwide benefit without significant delays or discrepancies.

who declares a false result will be liable for civil and criminal action personally brought against him by parties in the elections.

“An Amendment to the Electoral Act to provide that all election-related litigations must be resolved and determined by the Elections Petitions Tribunal, Appeal Courts, etc., before the winners are sworn into the respective elective offices.

“An Amendment of the Electoral Act to make provision for the conduct and conclusion of all elections and election-related litigation within a period of six months before the swearing into office of the validly elected person for the office contested.

“An Amendment of the Electoral Act to provide that all election-related documents and materials must be made available to those who participated in elections and who have reasons to question/petition the elections at the Elections Tribunal.”

House of Representatives and members of the South-west caucus in the National Assembly for their efforts in passing the South-West Development Commission Bill, urging the upper chamber of the federal legislature to speed up the bill’s passage.

To increase food production and agricultural development, the forum directed their respective states’ Commissioners for Agriculture to immediately come together and develop a comprehensive agricultural template that would leverage on each state’s comparative advantage.

At the end of the meeting, the South-West Governors’ Forum, through its chairman, Sanwo-Olu, read an 11-point resolution adopted in the communique signed by all the six governors. Sanwo-Olu said, “The Southwest Governors’ Forum, at its meeting today, June 10, 2024, deliberated extensively on contemporary issues in the South-west states and resolved to commend President Bola Ahmed Tinubu, on the ground-breaking of the Lagos-Calabar Coastal Road, and

“A wage demand exceeding state governments’ capacity could lead to industrial actions, strikes, and widespread disruptions, further hindering economic recovery and growth.”

The LCCI added that, “the federal government's proposals represent a significant increase aimed at improving the livelihood of workers across Nigeria.”

It, however, argued that it was imperative to acknowledge the fiscal constraints and economic challenges various state governments are faced with.

“Some governors under the Nigerian Governors’ Forum have already indicated their inability to meet the initially proposed higher minimum wage, citing budgetary limitations and the potential risk to essential public services,” it added.

The LCCI also enjoined all tiers of governments in the country, “to

the proposed Lagos to Sokoto road.

“We, however, encourage the federal government to rehabilitate other federal infrastructure in the region.

“On security, the forum commends the relative peace in the South-west region and notes the collaboration between all security agencies and the Amotekun Corps.

“We reaffirm our full support for State Police. We acknowledge the efforts of the federal government to strengthen food security. We decide that Commissioners for Agriculture of all the South-west states should begin to meet and set up a working template, which will ensure collaboration based on each state’s comparative advantage.”

On the lingering disagreement over minimum wage, the forum said it was in support of the efforts of the federal government, Nigeria Governors’ Forum (NGF), and the organised private sector to resolve the wage dispute, while urging continued engagement with the labour unions.

The governors said they believed

show more seriousness about cutting down the cost of governance and be committed to investing more in layers of infrastructure that support productivity and revenue generation.

“With more transparency in governments' spending, future negotiations will become easier as all parties are well aware of the realities.

“We also call on the government to commit to having the national minimum wage reviewed every five years.

“The government can show concern about personnel welfare by enhancing their allowances beyond the minimum wage, which is only calculated based on basic salaries.”

Almona, noted that beyond the new minimum wage, the chamber was more concerned about having a more productive economy supported with a robust infrastructural base and urged the government to consider implementing special noncash interventions that would see businesses spend less on production.

“Remove the import duties on food imports and critical raw materials and drastically reduce the import duty exchange rate on agricultural input and other imports that have multiplier effects on prices.

“Implement an aggressive metering programme on power supply and more investment and regulation in the sector to boost power supply through more contractual discipline and gas supply guarantees, and build infrastructure to support local production of essential medicines and more spending to upgrade our public health facilities,” she added. She summed up that with the government’s commitment to providing these support systems to Nigerians, low-income earners would spend less on these expenditure heads and have a better living standard in the long run.

However, speaking in an interview on Channels Television, yesterday, Assistant General Secretary, NLC, Chris Onyeka, said the unions won’t

the outcome of the negotiations for better wages would reflect true fiscal federalism.

The forum hailed the federal government’s efforts on exploration policies with regard to mineral resources, but called for collaboration with states in the process of granting leases to investors.

The South-west governors adopted a popular song composed by Afenifere, a Yoruba socio-cultural group, titled, “Ise wa fun ile wa,” as the common anthem for the six states in the zone.

According to the communique, “They condemned, in strong terms, nefarious activities of a group of people agitating for Yoruba nation, stating that the region remained an integral part of the country.

“The forum agrees to strengthen the DAWN Commission on operational efficiency and charges the commission to focus on economic integration, cooperation and investment promotion of South-west states. To that end, each state is mandated to appoint a state focal person.”

L

our' S

The balance in the Excess Crude Account (ECA) remained stagnant at $473,754.57.

Edun

Army Officer Shoots Truck Driver over Disagreement in Ilorin

Bandits attack military base, shoot two

Hammed Shittu in Ilorin and Laleye Dipo In Minna

An army officer has reportedly shot a yet-to-be identified truck driver on Okoolowo expressway in Ilorin, Kwara State.

The incident, according to THISDAY checks, occurred last Sunday following a disagreement between the victim and the army officer.

In another development, gunmen yesterday attacked the military base in Tegina in the Rafi local government of Niger state injuring two military personnel.

The Ilorin incident, it was learnt, led the trailer-truck drivers in the area blocking the road to protest against the tragic situation.

An eyewitness account, who sought anonymity, told journalists yesterday in Ilorin that: “The

Organisation Calls for Prosecution of Perpetrators of Religious Violence

Onuminya Innocent

A human rights and nongovernmental organisation, Christian Solidarity of Nigeria Worldwide (CSNW), has urged the federal and state governments to intensify security response and ensure prompt prosecution of persons found culpable in perpetrating violence against others.

The Chief Executive Officer of the organisation, Rev Yunusa Anmadu, made the call in Kano at four-day workshop organised by the organisation for media professionals from the 19 northern states in Nigeria.

He explained that prompt prosecution of perpetrators of religious violence would serve as a deterrent to others, saying lives are sacred to God.

Rev Yunusa maintained that freedom of religion or belief is enshrined in Nigerian Constitution,

hence, a need for everyone to be allowed to practice his or her religion.

He called for religious tolerance among the faithful for the peaceful coexistence and development of the country.

According to the cleric, “It is unfortunate that some communities are lacking in basic social amenities due to the religious intolerance existing among residents who are supposed to be united and doing things together for the common good.

“Discrimination and hostility to one another due to religious differences are against Section 38 (1) of the 1999 Constitution and the International Covenant on Civil and Political Rights.

“This is the more reason why journalists need to rise to the occasion to enlighten the people on the Freedom of Religion or Belief contained in the constitution.”

truck driver was coming at the time the soldiers were putting trees on the road and in the process they had an altercation.

“During the process, one of the officers fired shots at the truck and the bullets penetrated

soldiers

the vehicle and hit the driver in the arm and neck.

“The victim was later rushed to the University of Ilorin General Hospital (UITH) for medical attention.”

He, however, stated that “there

are reports that he later died but we don’t know whether it is true.”

But, an army source, who confirmed the incident to THISDAY, however, denied the death of the victim, adding

that the army had taken up his treatment.

The Army PRO, Sobi, Stephen Nwankwo, said yesterday that “I will get back to you once I am able to access the scene. It’s blocked now.

Rivers Community Pickets NAOC, Demands N100bn Compensation

Blessing Ibunge in Port Harcourt

Group of people, including men, women and youths of Mgbuosimini community in Rumueme, Obio/Akpor Local Government Area of Rivers State yesterday shut down activities at the operational headquarters of Nigeria Agip Oil Company (NAOC) Limited in the area.

The community members who were demanding N100billion compensation from the company for years of alleged neglect and

damages, stormed the main gate of Agip as early as 6 a.m. and stopped workers from accessing their workplace.

They alleged that the oil giant has not lived up to their expectations in the community.

In a statement issued during the demonstration, the acting Chairman of Mgbuoshimini Community Development Council (CDC), Weli Nyeche, said they shut down Agip to drive home lingering issues.

Parts of the 10-point demands of

Mgbuoshimini community include: “That the community hears that Agip Oil Company Limited has been sold to OandO Plc without carrying the host Mgbuoshimini community along knowing that Agip does not have an absolute lease on our ancestral land among many other legal issues. This is unacceptable and we demand justice.

“That Agip should pay the sum of one hundred billion naira to the Mgbuosimini community in compensation for over 60

years of neglect and several damages caused the Mgbuosimini community.

“That the irreducible demand of the Mgbuoshimini community is that any invitation for a meeting should be backed by an invitation letter to the Mgbuoshimini community chairman signed by the GMD of which the meeting shall be led by the managing director himself since the district management has failed, refused and neglected to resolve the issues.”

Buni Advises LG Chairmen to be Transparent, Accountable

Michael Olugbode in damaturu

Yobe State Governor, Mai Mala Buni, has advised the newly elected chairmen of the 17 local government councils of the state to promote transparency and accountability in handling the assets in their care.

Buni gave the advice yesterday during the inauguration of the newly elected chairmen in Damaturu.

He warned them to ensure that government properties are always reflected in handing and taking over notes, and also

urged them to maintain a contract register to facilitate monitoring and evaluation, levels of work, and their corresponding expenditures.

Buni also charged them to improve the provision of basic facilities and services such as security, water supply, sanitation, healthcare delivery, and agriculture, as well as partner with the federal and state governments in implementing programmes initiated by them.

He claimed that the overwhelming victory of the APC is a clear indication that it remains

the most popular and the darling party, while noting that the party will continue to wax stronger and win future elections at all levels with ease.

He commended the Yobe State Independent Electoral Commission for organising a credible, free, and fair election which brought in the chairmen, stressing that every candidate and political party were given the opportunity to participate, and that no voter was disenfranchised.

He said: “The just concluded local government council election

has no doubt demonstrated the entrenched and nurtured democracy in the local councils and brought government closer to the people.”

The governor, while also commending all the political parties, the contestants, and their supporters for the spirit of sportsmanship demonstrated in the peaceful and orderly conduct of the elections, appealed to the entire people of the state to continue to support and cooperate with the government and the security agencies.

‘PTI Can Train Required Personnel in Oil Sector’

Sylvester Idowu in Warri

The Permanent Secretary of the Federal Ministry of Petroleum Resources, Nicholas Agbo Ella, has stated that the Petroleum Training Institute (PTI) Effurun, Delta State, has all it takes to train the required personnel for the oil and gas industry in the country.

He, therefore, called for a consolidation of the mandate of the foremost oil and gas training institute in Africa, which has produced over 50,000 graduates since its establishment more than 50 years ago.

Speaking last weekend at Effurun, Delta State, while on a working visit to the institute, the permanent secretary said Nigeria must not fail to utilise PTI maximally.

Ella said: “We must consolidate on achieving the full potential in the institute instead of creating another petroleum institute. “I feel very proud that we have an Institute like this. I have said it earlier and I will reiterate that we cannot have a Petroleum Training Institute of this magnitude in Nigeria and fail to utilise it.”

While lamenting the huge loss of revenue incurred on foreign training, Ella stated that PTI has the capacity to train and retrain oil workers in Nigeria. He added: “Training is essential for all of us as individuals and as an organisation. We should be able to develop ourselves and our capacities as well as enhance our productivity.

Bauchi Varsity Pledges Support for Environmental Conservation

Segun Awofadeji in Bauchi

Bauchi State University Gadau (BASUG) has reiterated full commitment to give all the necessary support needed to ensure environmental conservation in the institution’s community.

The Vice Chancellor of the university, Professor Fatima Tahir, gave the assurance yesterday on the occasion of the planting of 1,000 tree seedlings and launching of orchard by Offshore Lab with support from Shell Development Company, held at the new ICT complex on the main campus of the university.

The vice chancellor commended Offshore Lab for the initiative, which she said it is good to see that the organisation has shown interest in the environment and try to conserve it. According to her, the initiative comes at the right time as the university always has the idea of establishing the orchard, hence

appreciate Offshore Lab for equally conceiving the same idea. She said: “In as much as the university always has this idea of wanting to establish something like this, I must say that this is the conception of Offshore Lab and also with the support of Shell Development Company.” Tahir said the university deemed it necessary to provide space for the establishment of the orchard considering its importance not only to the institution, but to the larger community.

The VC added: “All we did was to give them space to establish the orchard. They have done their part, it is now our turn to do our part.” She, therefore, urged particularly the students of Environmental Conservation Club of the university to take ownership of the orchard, adding that the university is also going to play its own part.

Email: deji.elumoye@thisdaylive.com

Oborevwori: One Year of Redefining Governance in Delta

Omon-Julius Onabu writes about the art of redefining governance through people-oriented programmes being executed by Hon. Sheriff Oborevwori since assuming office as Delta state Governor about a year ago.

Available statistics show that there are more than 60,000 otherwise valuable, infrastructural projects in Nigeria that are uncompleted or abandoned, with humongous financial and economic implications.

While some of these highly desirable projects, conceived with the objective of bringing certain yawning socio-economic gaps at different levels, are federal government projects, many others were initiated and designed by state governments and even local governments.

Some mind-blowing deserted federal projects and rendered white elephants and utterly useless to the Nigerian economy and the people - the intended ultimate beneficiaries of the projects - include the Ajaokuta Steel Mills, the Olokola LNG terminal, the Abuja CCTV project, the Nigeria Air carrier project, the Mabilla Hydro Power Plant, the Ovwian-Aladja Steel Company (DSC) in Delta State and the Brass LNG project.

Only recently, the Niger Delta Development Commission (NDDC), the major interventionist agency established for the oil-rich region in year 2000 by the Olusegun Obasanjo administration, admitted that it had more than 950 abandoned projects in one of the nine states under its jurisdiction alone!

Even more worrisome is the fact that trillions of naira had been sunk into these uncompleted and non-functional projects. Perhaps, these projects, which have become white elephants and environmental eyesores, are palpable tell tales of monumental corruption and unaccountability in Nigeria. According to the Chartered Institute of Projects Management of Nigeria (CIPMN), more than N17 trillion had been wasted by successive administrations in the country.

It is against the foregoing, therefore, that the pledge by Governor Sheriff Oborevwori not to abandon any project in Delta State, whether initiated by his government or inherited from the immediate past or previous administrations in the state, should be appreciated. Of more significance is the fact that Oborevwori has given credence to this commitment as demonstrated in the recent inauguration of the multi-billion naira, ultra-modern High Court Complex in Asaba, the state capital.

Former President Goodluck Jonathan, who cut the tape to declare the five-floor imposing edifice open on Tuesday, 4th June, had nothing but commendation for Oborevwori; both for the functional impetus the hi-tech facility would add to justice administration processes in the state and the less travelled democratic government policy channel in the nation’s clime of zero tolerance for abandonment or non-completion of government projects.

Jonathan, who also recalled how Oborevwori had returned more than half a billion naira unused funds to the state treasury when he was the Speaker of Delta State House of Assembly, asserted that the governor has already began to cut a niche for himself as a trustworthy and accountable leader interested in a paradigm shift in democratic governance.

The former president said, “There are some projects that are very fundamental to the growth and development of the state and we expect anybody who takes over government to continue with them and you are doing exactly that. I believe that if you go across the country today, this is one of the best judiciary headquarters in the country and I congratulate the Governor and the Judiciary of Delta State for this exemplary project.”

While calling for the strengthening of the judicial and electoral systems to address certain democratic challenges in Nigeria, Jonathan lamented that half of the thousands of postelection litigations in Nigeria were frivolous and initiated by dishonest politicians intent on manipulating or exploiting the weaknesses in the judiciary. Speedy dispensation of justice, which the new Delta high court headquarters promises, was one way of addressing the electoral problem.

Jonathan, who famously accepted defeat at the 2015 presidential poll, said, “Fifty percent of those who go to court do so because they felt they were cheated by the electoral management

system. The other fifty percent that go to court, they know that they failed the election; but they feel they can use the judiciary to declare them winners.”

Oborevwori, explained the concept and features of the judicial facility during the inauguration witnessed by Chief Justice of Nigeria, Justice Olukayode Ariwoola, who was represented by the presiding Judge of the Court of Appeal, Asaba Division, Justice Bolaji Yusuf, and the Chief Judge of Delta State Justice Tessy Diai. The facility is provided with a 350KVA generator and 150KVA generator, and it is also connected to the Asaba Independent Power Plant, to allow for uninterrupted power supply.

Included in the five-floor building are six courtrooms, six conference halls, ViP lounge, six witness waiting rooms, six

holding cells, six judges and lawyers lounge, six secretarial offices, two general conference halls as well as Internet facility and a library, the Delta State Commissioner for Housing, Mr. Godknows Angele, explained.

The governor also presented 20 Toyota SUVs (sports utility vehicles) to judges in the state during the occasion.

One year in the saddle... Oborevwori was ushered into office as the fifth elected governor of the oil-rich Delta State following his inauguration on May 29, 2023, with a development blueprint called the M.O.R.E. agenda. The M.O.R.E agenda, which is acronym for “Meaningful Development; Opportunities for All; Realistic Reforms and Enhanced Peace and Security”, is obviously an attempt at taking the development blueprint of the previous administration, namely, ‘Stronger

In one fell swoop, Oborevwori inaugurated a network of 29 roads with 31.45 kilometers line drains spanning the Madonna College Road in Asaba and Okpanam areas of Oshimili South and Oshimili North local government areas of the state. The Oborevwori government has also continued on the same trajectory as the previous administration in the areas of healthcare programme and education, with projects’ inauguration in the four state-owned universities. For instance, projects recently inaugurated at the Dennis Osadebey University, Anwai-Asaba, include 500 and double 250-seater auditoriums, building and furnishing of Faculty of Agriculture, Administrative Building as well as Vice-Chancellor’s Lodge; entrance gate and the main entrance access road. The award of over N78 billion contracts in respect of a set of projects - comprising roads, drains and flyover bridges - in the Warri and Uvwie commercial axis made headline news from Delta State.

Delta’, to a higher level.

It is noteworthy that the man sometimes regarded as a “streetwise” grassroots politician, had successfully scaled 38 legal hurdles, climaxed with a Supreme Court victory, in the making of his governorship under the canopy of the Peoples Democratic Party (PDP). Oborevwori, therefore, recalled his unprecedented legal struggle as an important landmark in the celebration of his first year in office, stressing he could only have been chosen by God for the position.

The governor has not minced words about his determination of seeing to the completion of all state projects, be they the brainchild of the current government or those initiated by previous administrations in the state. Speaking at the inauguration of a set of road projects criss-crossing Oshimili South and Oshimili North local government areas, which form the core of the State capital, to mark the traditional 100 Days in Office, Oborevwori said, “Under the M.O.R.E agenda of this administration, we are poised to raise the bar when it comes to road and physical infrastructure as well as urban renewal. I assure you that the coming months and years will witness accelerated infrastructural development of the most vital interest and impact.”

In one fell swoop, Oborevwori inaugurated a network of 29 roads with 31.45 kilometers line drains spanning the Madonna College Road in Asaba and Okpanam areas of Oshimili South and Oshimili North local government areas of the state.

The Oborevwori government has also continued on the same trajectory as the previous administration in the areas of healthcare programme and education, with projects’ inauguration in the four state-owned universities. For instance, projects recently inaugurated at the Dennis Osadebey University, Anwai-Asaba, include 500 and double 250-seater auditoriums, building and furnishing of Faculty of Agriculture, Administrative Building as well as Vice-Chancellor’s Lodge; entrance gate and the main entrance access road.

The award of over N78 billion contracts in respect of a set of projects - comprising roads, drains and flyover bridges - in the Warri and Uvwie commercial axis made headline news from Delta State.

Over and above the multi-billion naira contract to give the Warri South-West and Uvwie local government areas a long-awaited facelift was the fact that Oborevwori has invited an internationally acknowledged construction giant in Nigeria, Julius Berger Plc, to handle it. Granted that the previous government of Dr Ifeanyi Okowa had established the Warri, Uvwie and Environs Development Agency in an effort to improve construction of roads and drainages in the area, there were, however, complaints about pausity of funds to carry out its statutory assignment despite its annual budgetary allocation of over N8 billion.

Facilities in the Warri Township Stadium are also being upgraded by the state government in line with the administration’s urban renewal programme.

Nevertheless, the recent appointments made into relevant boards and various positions, including that of a substantive State Chief Job Creation Officer in the person of Ifeanyi Agwunyenga, a seasoned youth employment content creation and vocational training expert, the Oborevwori administration looks set to unleash a truly inclusive socio-economic and infrastructure development on Delta State based on the M.O.R.E template aimed at midwifing a roundly ‘Stronger Delta’ into an envisaged reality.

An old hand, with both private and public experience, Sir Fidelis Tilije, the commissioner, said that his ministry was looking to expanding the state’s internally generated revenue through extending the tax net over the informal sector even while promising not to overburden taxpayers with multiple taxation.

Oborevwori

LAWYER

CHaIRMan OF eCnBa, OLUSeUn aBIMBOLa, San

‘We’ll Set a Standard for a Seamless NBA

‘We’ll Set a Standard for a Seamless NBA Election’

Quotables

lawyer LAWYER

‘The present day, but sad reality is that, the Judiciary has stagnated on the same salary scale for over 16 years. This is totally unacceptable, and is quite antithetical to any meaningful judicial reform.' - Prince Lateef Fagbemi, SAN, Attorney-General of the Federation & Minister of Justice, Federal Republic of Nigeria

‘Changing the National Anthem, will not change anything. It is the character of those in Government, that should change. It is the policies that affect our lives, that should change. Changing the National Anthem, will not make Nigerians patriotic. We are just deceiving ourselves.' - Inibehe Effiong, Human Rights Lawyer

PROF MIKE OZEKHOME, CON, SAN, FCIArb, PH.D. LLD Constitutional Democracy, means a system of government, in which political and governmental power, is defined, limited and shared by a grundnorm called the Constitution, which provides inbuilt checks and balances. This column seeks to fiercely discuss constitutional, legal and political issues, with a view to strengthening, deepening and widening the plenitude and amplitude of democracy and good governance, without fear or favour.

The writer of this column, Prof Mike Ozekhome, SAN, is a Constitutional Lawyer, Human Rights Activist, Pro-Democracy Campaigner, Notary Public and Motivational Speaker. He co-founded the Civil Liberties Organisation (CLO), Nigeria’s pioneer human rights league, on October 15, 1987, the Universal defenders of Democracy (UDD), in 1992, and with Chief Gani Fawehinmi and others in 1998, the Joint Action Committee of Nigeria (JACON), to push out the military. In his early days, he lectured at the University of Ife. Prof Ozekhome is an author of many books. He is also a Special Counsel at the International Criminal Court (ICC), at The Hague.

CHaIRMan OF eCnBa, OLUSeUn aBIMBOLa, San

Labour Unions: Between Strike and Terrorism

The action of the Electricity Workers last week, that is, switching off the national grid and plunging the nation into darkness for two days, amounts to an act of Domestic Terrorism, that is, terrorism carried out against the Government of Nigeria and Nigerian citizens. See the case of Berende v FRN (2021) LPELR-54993 (SC) per Ibrahim Mohammed Musa Saulawa, JSC. Electricity Workers had done the same thing, switching off the national grid for 14 hours on August 17, 2022, and even though videos of workers switching off the national grid were available all over social media at the time, because the previous administration allowed them to get away with their criminal acts, Labour, be it the Nigeria Labour Congress (NLC) or the National Union of Electricity Employees (NUEE), now believe that switching off the national grid and causing a nationwide blackout is an effective bargaining chip that can be used to coerce Government into capitulating to their demands. It is not. It is a grievous offence; and, Government must make it clear that anybody that commits this offence will be prosecuted to the fullest extent of the law. It is absolutely unacceptable.

Electricity Supply: An Essential Service By virtue of Paragraph 2(a) First Schedule to Section 48 of the Trade Disputes Act (TDA), the provision of electricity is an essential service and Section 41(1) thereof prohibits essential services workers inter alia from not performing their work without giving 15 days notice of their intention to strike. So, them laying down tools suddenly for two days last week to join the NLC etc in the strike in the name of ‘esprit de corps’, and if the talks with Labour do not yield fruit and there is yet another strike, as essential service workers, they did not and would not have fulfilled the 15 days notice required before they can embark on a strike.

In the Canadian case of Reference Re Public Service Employee Relations Act (Alberta), Chief Justice Dickson defined essential services inter alia thus: “where interruption of a service would endanger the life, personal safety or health of the whole or part of the population……”. Throwing a country into a complete blackout is an endangerment to the personal safety of majority of the people, let alone a country fraught with security challenges. What would also have happened to Patients in public hospitals all over the country that required life saving operations last Monday and Tuesday, or required the use of equipment that are powered by electricity when the country was plunged into a nationwide blackout, and there was no diesel to purchase to power hospital generators, because NUPENG also joined the strike?

Unfortunately, we are a country that doesn’t seem to place much value on statistics and record keeping, so it is unlikely that we will get the figures of those who may have died in hospitals across the country as a result of the nationwide blackout, or the revenue companies lost, which would make Labour realise the gravity of what the electricity workers did when they switched off the national grid. Instead, we easily forget the things we should not, and issues that should be taken seriously, are not addressed.

Who Suffers the Most During Strikes?

By this action of switching off the national grid, Labour unlawfully used threats, intimidation and economic sabotage to coerce Government to do their will. This is one of the definitions of terrorism. Ironically, the harsh reality is that, it is the masses that suffer during the strikes, and not really those who Labour is negotiating with for an increase in minimum wage. It is those who have to work daily to be able to feed their families, and cannot get to work because most things including public transportation, have shut down or are too expensive; those who do not have the funds to store food at home that will last for whatever period of time the strike will last; those who do not have alternative means of generating electricity, that suffer. This theory doesn’t even have to be tested; the day after the strike was temporarily called off, my estate was buzzing with tankers delivering diesel to different homes, in readiness for the next blackout, while everybody started stocking up on food supplies! Can the masses prepare for the hardship that accompanies a strike? I think not.

The Right to Strike & Earning a Living Wage are Fundamental Rights

Agreed, the right to strike which is embodied in the United Nations International Covenant on Economic, Social and Cultural Rights 1966, ILO and other Charters is considered to be a fundamental right, but this right should be balanced with the suffering that it unleashes on the

onikepo braithwaite

onikepo.braithwaite@thisdaylive. com onikepob@yahoo.com

“…. the right to strike….is considered to be a fundamental right, but this right should be balanced with the suffering that it unleashes on the people….the right to strike doesn’t extend to a right to sabotaging the national grid or switching it off….to cause a nationwide blackout, fits like a glove into the definition of what constitutes acts of terrorism….”

people. The effects of a strike mostly amounts to the proverbial, “cutting off your nose to spite your face”; and, therefore, it should be a last resort and not the first line of action. Furthermore, caning workers who ignored the strike action and decided to go to work in order to punish them for their disobedience is called Assault, prohibited by Sections 252 & 326 of the Criminal Code Act 2004 and Penal Code Act 2004 respectively.

However, the right to strike doesn’t extend to a right to sabotaging the national grid or switching it off, which amounts to sabotaging the country. That is not only a gross abuse of the right to strike, it is a criminal offence, perhaps, even unconstitutional.

Undoubtedly, N30,000 (see Section 3(1) of the National Minimum Wage Act 2019, (NMWA)) and the like, are a far cry from the ‘reasonable national minimum living wage’ contemplated by Section 16(2)(d) of the 1999 Constitution of the Federal Republic of Nigeria (as amended in 2023)(the Constitution) that all workers should be paid. Government shouldn’t also make it a battle between them and Labour, every time the minimum wage comes up for an upward review. The lackadaisical and nonchalant attitude of previous administrations towards the conditions of service of workers, obviously informed Labour’s hard stance; but, this time, it appears that Labour crossed the

be equally as easy for any enemy to destabilise the country, through the same means.

Labour’s Demand: Is it Realistic?

The initial demand of Labour for an increase of the minimum wage to N615,000, appears to be on the extremely high side. But, as outlandish as their demand may seem, one cannot blame Labour. When we observe the nonsensical expenditure by Government, like the purchase of luxury SUVs for Legislators, subsidising Hajj pilgrimage with N90 billion, travelling to the Dubai COP28 Conference with almost 1,500 delegates, so many Governors and public officials accused of graft and corruption to the tune of mind boggling sums, the latest allegation being that of the Kaduna State House of Assembly against immediate past Governor of the State, Malam Nasiru El-Rufai and his administration in an amount close to half a trillion Naira. Already, we have forgotten Immediate Past Governor of Kogi State, Yahaya Bello, who is hiding under a rock somewhere, trying to evade arrest and avoid answering to charges of money laundering in excess of N80 billion. Who will be surprised if Yahaya Bello disappears into thin air (if he already hasn’t), since law enforcement has not arrested him so far? It definitely creates the impression that if such huge sums are available for graft and other illogical and needless purposes, why shouldn’t they be available for paying workers decent living wages for honest work? If so much money is available for Legislators, in terms of their salaries and allowances, making them one of the highest paid Legislators in the world, why can’t workers be paid a decent minimum living wage?

Conclusion

line, and there is no justification for switching off the national grid. In a country that has serious issues of insecurity, plunging it into complete darkness is not only a foolish and dangerous thing to do, no worker has the right to do so.

Section 2(1) of the Terrorism (Prevention and Prohibition) Act 2022 (TPA) inter alia prohibits all acts of terrorism, while Section 2(3) thereof defines different types of acts of terrorism, and the shutting down of the national grid to cause a nationwide blackout fits like a glove into the definition of what constitutes acts of terrorism as stated in Section 2(3)(a),(b),(c),(d) & (e) of the TPA. This is because switching off the national grid is an act of domestic terrorism, economic sabotage - it caused harm and damage to the country; affected businesses across the country negatively; intimidated Nigerians; destabilised the country; created a security risk and put people into fear; and, it was an attempt to influence the Government by coercion. See the case of Berende v FRN (Supra). An individual found guilty of Terrorism can face up to 20 years imprisonment - see Sections 12 & 13 of the TPA, meaning that what the electricity workers did was certainly not a petty crime. It is now time, for Government to secure the national grid better. If it’s so easy for workers to interfere with the national grid, surely, it shows how vulnerable we are; how it can

While collective bargaining/negotiation, picketing, striking and boycotting are the accepted means employed by workers’ unions to increase their wages and improve their working conditions all over the world, terrorism and sabotage are not - on the contrary, they are grave offences against the State and Citizens. It is not surprising therefore, that a school of thought has risen to argue that the nationwide blackout orchestrated by Labour last week was an attempt to cripple the Nigerian Government, particularly because this administration may not be the Government of their choice. Nevertheless, I call on both sides to be reasonable. On Government - to lead by example by tightening its own belt and agreeing to a decent minimum living wage; and, on Labour - to be realistic in their demands, as Government will not be the only party to pay the new minimuåm wage. By virtue of Section 4(1)(b) of the NMWA, every establishment that employs 25 staff and above, must also pay the minimum wage. With multinational companies that have been in Nigeria for many decades folding up and exiting Nigeria, it is obvious that there is an economic downturn. Labour must also take into consideration the private businesses, that also have to pay this wage. What can they afford? Should the minimum wage applicable to the Federal Government, be different from that applicable to the Private Sector? Should the States, in the spirit of true Federalism, be allowed to fix their own minimum wages in accordance to their own cost of living and affordability, as some have argued? Why are the State mineral resources not being harnessed properly, to shore up their revenue and make them viable? These are pertinent questions. One of the consequences of Labour insisting on a hard to afford minimum wage, may be that some workers may have to be laid off. This would be counterproductive for Labour, as the already high rate of unemployment will rise even more, thereby giving room for an increase in the crime rate, as the desperate will employ any means to survive, whether lawful or otherwise.

I have seen some somewhat unfair comparisons being made between Nigeria’s minimum wage and that of Gabon for example, whose minimum wage is over N300,000 per month. Gabon has a population of less than 2.5 million people, and a working population of 763,104 people as of 2023, in contrast to Nigeria’s estimated population of 200 million people and working population of an estimated 60 million. In 2022, Gabon’s GDP per capita was $6,637.07, while that of Nigeria was $2,207. Smaller and more industrialised countries tend to have a higher GDP per capita. In using some of these examples as a template for ours, we must be careful not to compare apples with oranges as a basis. Nevertheless, it goes without saying that the time to increase the minimum wage to a living wage, is now. It is wicked to allow Nigerians to continue to suffer like this. By a cumulative effort of successive administrations, present company included, possibly 90% of Nigerians can no longer make ends meet. It is all so depressing and disheartening.

President, Nigeria Labour congress, comrade Joe ajaero

President of National Union of electricity employees, comrade adebiyi adeyeye

Fatality of Inconsistency or Contradiction in Facts and Evidence to a Case

Facts

By the Amended Statement of Claim dated 27th September, 1984, the Respondents filed an action against the Appellants at the High Court of Rivers State for trespass. They sought declaration of title to a piece of land referred to as “Ade-Ikobo Adoghany, Omalem” situated at Amalem Abua Village in the Abua-Odua District of Ahoada, L.G.A. They also claimed damages and injunction against the Appellants. The Appellants, as Defendants, denied the claims against them in their Amended Statement of Defence dated 9th May, 1994. The matter proceeded to trial during which the Respondents called four witnesses in proof of their case, while the Appellants called five witnesses in Defence. Survey plans were tendered by consent at the trial, and admitted in evidence as Exhibit “A”- for the Respondents and Exhibit “B” - for the Appellants.

At the end of trial, judgement was entered in favour of the Respondents as per their Writ of Summons. Dissatisfied with the judgement of the trial court, the Appellants filed a Notice of Appeal to the Court of Appeal, Port Harcourt Division on six grounds. In its judgement delivered on 10th December, 2009, the court below dismissed the Appellants’ appeal for lacking in merit, and affirmed the decision of the trial court.

Further dissatisfied with the decision of the Court of Appeal, the Appellants appealed to the Supreme Court on 4th May, 2010, pursuant to the leave of the court granted on 28th April, 2010.

Issues for Determination

The four issues submitted by the Appellants to the Apex Court for determination are as follows:

1. Whether considering the pleadings, survey plan and evidence of the Respondents, there was no inconsistency or uncertainty on the location of the land which was claimed by them (Respondents).

2. Whether the Court of Appeal was right to conclude/find that the Respondents proved title to the land in dispute and their claims in this case.

3. Whether the Court of Appeal was right and fair in its consideration/treatment of the evidence/case of the Appellants vis-à-vis that of the Respondents.

4. Whether the findings and conclusions of the Court of Appeal in its judgement in this suit are proper/justified in law.

Arguments

On Issue One

Counsel for the Appellants made references to paragraph 3 of the Respondents’ Amended Statement of Claim, evidence of PW1, PW3 and PW4, Exhibit “A” wherein the land claimed is said to be situate at Amalem, Abua, and paragraph 5(b) of the Amended Statement of Claim and evidence of PW1 where it is said that the land in dispute was situated at Ikobo Village from where the Respondents migrated to Amalem, Abua, thereby showing inconsistency and uncertainty on the location of the land claimed by the Respondents. Counsel submitted that the lack of explanation of how the land claimed to have been founded in Ikobo Village was now located in a different place, Amalem, Abua, was fatal to the Respondents' claim. And, since the Respondents claimed title to the land and the Appellants did not make a counter claim, the Appellants have the burden to establish the location of the land with certainty, on the authority of UKAEGBU v NWOLOLO (2009) 1 SCNJ 49 at 77 –78. Responding, Counsel for the Respondents submitted that their pleadings in paragraph 3 of their Amended Statement of Claim and the evidence of PW1; the star witness, PW2, PW4 in respect of the location of the land they claimed, consistently show the land called “Ade-Ikobo Adoghany Omalem”, is situate at Amalem, Abua, with defined boundaries. It was then argued that the only weakness in the evidence of PW4 who said that the land in dispute is known as “Oharamon” owned by “Oto-Adoghany” family is not a material contradiction, since his evidence on the ownership and boundaries of the land is in line with the Respondents’ claim. Counsel submitted on the authority of JOHN v STATE (2011)18 NWLR (PT. 1278) 353) at 374, that

Honourable Mohammed Lawal Garba, JSC

In the Supreme Court of nigeria Holden at abuja

On Friday, the 8th day of March, 2024

Before their lordships Mohammed Lawal Garba Helen Moronkeji Ogunwumiju adamu jauro Tijjani abubakar emmanuel akomaye agim justices, Supreme Court SC.69/2010

Between

1. MR SaTuRday dIBIa aPPeLLanTS

2. CHIeF BROTHeR OKaGWa

(For themselves and as representing The OTO-eKedI Family of Ogbora Village in abua Central)

And

1. MaXWeLL O. TuBOnIMIa ReSPOndenTS

2. HenRy eBI aKaRI

3. ISRaeL eLI T. PHeSI

(For themselves and as representing The OTO-adOGHany family of amalem Village in abua Central)

(Lead Judgement delivered by Honourable Mohammed Lawal Garba, JSC)

for any inconsistency or contradiction in evidence to negatively affect its veracity, it must be materially significant to impact the case of a party and that is not the position in the case of the Respondents.

On Issues Two, Three and Four

The Supreme Court noted that Appellants issue two for determination covers and encompasses issues three and four; thus, the issues were considered together. Regarding this head, Counsel for the Appellants submitted that on the authority of ONIBUDU v AKIBU (1982), 7 SC 60 at 84 among other cases, the Respondents, who pleaded and relied on traditional evidence/history to claim title to the land in dispute, had the burden to plead and give evidence of the history of the Founder, as well as the intervening successors/ancestors through whom the

“….for an inconsistency or contradiction to affect the credibility of the evidence in question, it must be material to the facts which it seeks to prove, otherwise, it would have no adverse effect or be detrimental and fatal to the case in which it was given”

High Court to make assertions of facts on the existence of which they predicated the claims they made on the land in dispute against the Appellants, in law, they had and owed the evidential burden of proving the fact asserted on the balance of probabilities in line with the provisions of Section 138 of the Evidence Act, 2004, to the satisfaction of that court, if judgement was to be entered in their favour. The Apex Court noted that, from the Record of Appeal, the entire evidence of PW1, in-chief and under cross-examination, was not only consistent with, but was in unequivocal support and in line with the pleadings in paragraphs 3 and 5 of the Respondents' Amended Statement of Claim, that their ancestor founded the land in dispute, situate at Ikobo Village, which they retained after moving to the place now known as Ota-Adoghany Omalem owing to an epidemic which caused a lot of death. This evidence was not in any material way discredited or controverted under cross-examination, by the Appellants. As such, Their Lordships held that there was no inconsistency or contradiction between the pleadings and the evidence of PW1, on the location of the land in dispute.

The Supreme Court held that an inconsistency or contradiction is said to occur between facts and/or in evidence when two versions of facts or evidence cannot be in existence or true at the same time, because each of them automatically cancels the existence or the truth of the other in the peculiar circumstances of a case; contradiction in facts and evidence. Furthermore, for an inconsistency or contradiction to affect the credibility of the evidence in question, it must be material to the facts which it seeks to prove, otherwise, it would have no adverse effect or be detrimental and fatal to the case in which it was given. Finally on the issue, the Supreme Court that “the duty of demonstrating material contradicting or inconsistency in facts or evidence that would affect the credibility of the evidence in a case, is placed and rests on the party making the assertion or allegation of the contradiction”.

On this premise, the Apex Court held that the difference in the name given by PW4 was essentially a mere discrepancy that had nothing to do with the location and certainty of the land in dispute, on which the Appellants have primarily predicated their arguments under this issue. With the failure by the Appellants to satisfactorily demonstrate before the court that, in fact, there was a material inconsistency or contradiction and uncertainty in the pleadings and evidence of the Respondents on the location of the land in dispute, the first issue was resolved against the Appellants.

land devolved down to them, without leaving any unexplained or mysterious gaps in the chain/line of succession. He posited that the Respondents only pleaded that the land in dispute was founded by Ikobo Adoghany, but did not plead how it was so founded, e.g., by deforestation, conquest, etc and that there are mysterious and unexplained gaps in the genealogy of succession on the successors and their relationship between one and another. It is the case of the Appellants that since the Respondents failed to prove their pleaded root of title based on traditional history, they could not turn round to rely on acts of ownership/possession for claim in trespass or injunction. Responding to this, Counsel for the Respondents submitted that the court below was right to have affirmed the decision by the trial court that, by their pleadings and evidence, the Respondents proved the title claimed on the basis of traditional history evidence and acts of ownership/possession of the land in dispute. It is then argued that the evidence of DWI, the Appellants’ star witness, was discredited under cross-examination by the Respondents, and so the lower courts were right not to ascribe any probative value to it, on the authority of UGBOJI v STATE (2018) ALL FWLR (PT. 925) 68.

Court’s Judgement and Rationale Deciding the first issue, the Supreme Court held that since it was the Respondents (as Plaintiffs) who approached the trial

Determining the second issue, their Lordships held that “where a Claimant/Plaintiff relies on and bases his claim for declaration of ownership/ title to land on traditional history evidence, he must plead and prove by credible evidence on the following: (i) who founded the land; (ii) how the land was founded by the named founder, e.g. by deforestation, conquest, first settlement, gift, inheritance, purchase, (iii) names and particulars of the intervening owners to whom the land had passed or devolved from the founder and their relationships to him down to the Claimant/Plaintiff in an unbroken genealogical chain, in which there exists no unexplained gaps that would puncture the credibility of the claim”.

The Court proceeded to note that from the pleadings of the Appellants on the traditional history relied on by them and the material evidence of DWI, Sunday Dibia, who was the star witness for the Appellants at the trial, the court below was right that the trial court properly evaluated the evidence placed before it by the parties, made and drew correct inferences from it by placing it on the imaginary scale of justice, to find that the side of the Respondents weighed heavier and that the scale tilted in their favour.

In addition, their Lordships held that the Appellants had not been able to demonstrate that the concurrent findings by the two lower courts on the traditional history evidence adduced by the Respondents, were either wrong in law, perverse or had occasioned real but not imaginary miscarriage of justice in the case, to warrant interference therewith by the Supreme Court.

Ultimately, the issues were resolved against the Appellants.

Appeal Dismissed. G. Ozarah for the Appellants. Chief K. Chuku for the Respondents. Reported by

(NMLR)(An affiliate of Babalakin & Co.)

Alegeh v Awomolo: Alegeh Can’t be Removed as Appointment Committee Chairman

In a recent development, Honourable Justice LewisAllagoa of the Federal High Court in Lagos recently issued an order barring the Body of Benchers and its Chairman, Chief Adegboyega Awomolo, SAN, from removing Mr Augustine Alegeh, SAN, a former President of the Nigerian Bar Association (NBA), from his position as Chairman of the Benchers Appointment Committee.

The order follows a request by Mr Alegeh, seeking the court to direct Chief Awomolo

to recuse himself and step aside as the Chairman of the Body of Benchers, until further notice.

In the ruling, the court held “That an Order of Interim Injunction is granted restraining the Defendants from removing the Plaintiff/ Applicant and/or interfering with his duties as Chairman of the Body of Benchers’ Appointment Committee during his tenure from 28th March, 2024 to 27th March, 2027, pending the hearing and determination of the Motion

Capital Market Solicitors Are Indispensable in Nation's Economic

The Director General of Nigeria’s Security and Exchange Commission (SEC), Dr Emomotimi Agama, has disclosed that gone are the days where financial transactions and deals are carried out only by financial experts, while Lawyers and Solicitors are relegated to the background, while urging Lawyers to take their place in the capital market.

Dr Agama made this remark in his Keynote Address at the Annual Business Summit of the Capital Market Association, which was held at the Oriental Hotel, Victoria Island, Lagos on Thursday, June 6th, 2024.

Speaking on the theme “Revolutionising the Nigerian Capital Market through Innovative Financial Instruments for Sustainable Development’’, Dr Agama called for unity amongst industry practitioners, as sustainable development cannot be achieved within the fast-developing financial sector if stakeholders cannot work together.

He further stated that the Federal Government is doing a lot on its side to change, improve, and promote the nation's business environment and that evolving new trends aimed at revolutionising the capital market are always welcome, while global best practices in the capital market would always be upheld

Also speaking at the Summit, the Managing Director of One17 Capital

Mallam, Attahiru Maccido, said that Solicitors are important in all forms of business contracts, including non-interest financial transactions. He maintained that all the products of non-interest banking and financial transactions are legal documents, in as much as they are seen to uphold religious tenets.

Also speaking Mrs Elizabeth Ekpo, a Senior Manager with PricewaterhouseCoopers Nigeria, called for a legal balance in policy and the drive for profit, so as not to run into troubled waters.

She further called for a level playing field where investors interested in various fields of the economy, solicitors, stockbrokers, and other players in the financial sector can meet to cross-pollinate ideas.

In his welcome speech, the Chairman of the Capital Market Solicitors Association, Vincent Iweze, stated that given the new development within the sector, there was a need for players in the financial sector to work together, identify and come up with solutions and innovations that will move the capital market to the next level.

There were goodwill messages from Senator Osita Izunaso, Chairman, Senate Committee on Capital Market; Chairman Board of Trustees of CMSA, Chief Anthony Idigbe, SAN, as well as many other distinguished personalities.

on Notice for Interlocutory Injunction”.

Justice Ambrose LewisAllagoa granted the order, following an ex-parte application brought by Alegeh.

It can be recalled that Mr Alegeh, had strongly disagreed with the recent reconstitution of the Body of Benchers committees carried out by Chief Awomolo, the Chairman of the Body of Benchers.

During this reconstitution exercise, Chief Awomolo appointed Mr Yusuf Ali, SAN, to replace Mr Alegeh as the Chairman of the Benchers Appointment Committee. This move has led to significant contention and the subsequent legal action by Mr Alegeh, resulting in the Federal High Court's order to maintain his position until further notice.

In a protest letter dated 2nd May, 2024 Mr Alegeh warned on the dangers of side-stepping the rule of

law, saying “that I accepted to serve the full term of three years and I have not resigned my appointment as the Chairman of the Body of Benchers Appointment Committee. I believe there must be an error, which I respectfully request should be corrected immediately”.

“I therefore will continue to act as Chairman of the Committee, in the terms stated in my Letter of Appointment.”

The Committee met last Wednesday and notwithstanding some altercations, Mr Alegeh chaired the proceedings during the meeting. Though he had also urged the court to bar Chief Awomolo “from further acting as Chairman of (sic) the Body of Benchers pending the hearing and determination of the Motion on Notice for Interlocutory Injunction”, the court deferred consideration of the prayer till the hearing of the motion.

Justice Lewis-Allagoa adjourned the matter to July 8, 2024 for hearing of the Motion on Notice.

The Motion Ex-parte was dated May 21, 2024, while the ruling is dated May 27, 2024. Named as Defendants in the suit, are Chief Awomolo and Body of Benchers.

In a letter dated March 28, 2024 and titled “Appointment to Serve as Chairman of the Body of Benchers Appointment Committee”, Mr Alegeh was named as the Chairman of the all-important committee.

Signed by Mr Daniel Tela, the Secretary of the Body of Benchers, the letter stated that the appointment “shall be for a period of three (3) years”.

The former NBA President accepted the appointment the same day, and vowed to “discharge the functions of the office with great responsibility and commitment to the ideals of the Body of Benchers”.

However, less than six

weeks into his tenure, Mr Augustine Alegeh, SAN, a Life Bencher, was removed as Chairman of the Benchers Appointment Committee through a reconstitution exercise conducted by Chief Adegboyega Awomolo, SAN. This exercise, which appointed Mr Yusuf Ali, SAN as Mr Alegeh's replacement, was communicated to the Benchers via an email by Mr Tela. This swift removal and the manner in which it was communicated have further fuelled the dispute, leading Mr Alegeh to seek judicial intervention to maintain his position.

Mr Tela said that the Body of Benchers was aware of Mr Alegeh’s May 2, 2024 letter and would tackle all the issues raised. He said: “We are in receipt of the letter, and the attention of the Chairman has been drawn to it. The issues raised, will be addressed by the Chairman.

ESQ Nigeria Legal Awards Set to Hold 13th Edition

The Nigerian Legal Awards 2024 ceremony will occur on Sunday, July 7th, 2024, at the Landmark Event Centre in Lagos, Nigeria. This grand event promises to be an evening of elegance, celebration, and recognition.

Announcing the date for the event, Mr Lere Fashola, Founder, and CEO, of ESQ Trainings Limited, Organiser of the Nigerian Legal Awards, promised that this year’s event is aimed to celebrate the best of Nigerian Lawyers and their achievements, given the present-day realities and challenges that affect all business sectors.

“The Nigerian Legal Awards, now in its 13th edition, represents a beacon of excellence within the Nigerian legal landscape. Established by ESQ Legal Practice Magazine, these awards celebrate the pivotal role of Lawyers as catalysts for economic prosperity and societal development. They serve as a platform for spotlighting exceptional achievements, innovation, and unwavering dedication within the legal profession.’’

According to him, the Nigerian Legal Awards

2024 will feature diverse categories, honouring excellence across various aspects of legal practice.

From practice-based awards for law firms, to corporate in-house categories for inhouse Lawyers, as well as recognising rising stars under 40 to Editor’s Merit awards for outstanding legal icons, each category will celebrate the exemplary achievements and contributions of legal professionals of its winners.

Some Categories for the Awards include Practice Based Awards for Law Firms, which is an award that recognises law firms that have demonstrated excellence in various practice areas, setting new standards in the Nigerian legal system. The categories include corporate law, labour and employment, M&A, fintech, banking and finance, intellectual property, real estate, and more.

Other categories include Corporate In-House Categories for In-House Lawyers in Companies, Rising Stars: 40 Under 40 Who Will Shape the Future of the Legal Profession in Nigeria, Editor's Merit Awards to Outstanding

Legal Icons.

Since the inception of the award, over 100 awardees have been honoured in 26 different categories. Some of the past recipients of various categories of this prestigious award include legal icons such as, Prof Yemi Osinbajo, GCON, SAN, former Vice President of the Federal Republic of Nigeria (2019); Honourable Justice Muhammed Uwais, GCON, former Chief Justice of Nigeria; Salihu Modibbo Alfa Belgore, GCON, former Chief Justice of Nigeria; late Arakunrin Oluwarotimi Akeredolu, CON, SAN, former Governor of Ondo State (2015); Chief Folake Solanke, SAN, First Female Senior Advocate of Nigeria; Dr Sandie Okoro, former Vice President and General Counsel of the World Bank (2019); Ms Beatrice Hamza Bassey, Group General Counsel and Chief Compliance Officer at Atlas Mara Limited (2021); Prof Yinka Omorogbe, SAN, former General Counsel and Company Secretary of the Nigerian National Petroleum Corporation; Mr Kofo Salam Alada, Director, Legal, Central Bank of Nigeria; Ms Tinuade Awe, former General Counsel and Company Secretary, Nigerian Exchange; late Abimbola Ogunbanjo, CON, former Chairman of the Nigerian Stock Exchange (2018); Chief Wole Olanipekun, CFR, SAN (2017); Chief Afe Babalola, SAN (2014); Chief Mrs Priscilla Kuye, First Female President of the Nigerian Bar Association (2010); Mrs Hairat Balogun, OON (2010); and other esteemed individuals such as Gbenga Oyebode, MFR, Myma Bello Osagie and Olumide Akpata, former President of the Nigerian Bar Association. Their collective achievements underscore the prestigious legacy of this award, and further affirm its status as the pinnacle of recognition within the Nigerian legal fraternity. The Nigerian Legal Awards is endorsed by the Nigerian Bar Association, British Nigerian Law Forum, and the Nigerian Lawyers Association (USA), and has always been supported by Coca-Cola Plc, Seven Up Plc, Cadbury Plc, International Breweries Plc and Fan Milk Plc, among others.

L-R: Ekundayo Ogunjobi; Chairman, CMSA, Vincent Iweze; Comfort Agboola; Director General, Securities and Exchange Commission, Dr Emomotimi Agama; Simisola Eyisanmi; Chairman, Board of Trustees, CMSA, Chief Anthony Idigbe, SAN; and Chairman, Planning Committee, CMSA Annual Business Summit 2024, Oladele Oladunjoye

Augustine Alegeh, SAN

Temitayo Samuel (left) and Publisher, ESQ Magazine, Lere Fashola

TalkIng ConsTITuTIonal demoCraCy

The Role of Law in Maintaining Sanity and Preventing Impunity in a Democratic Setting (Part 3)

Introduction

Last month, we continued and concluded our discourse on Democratic setting, followed by an in-depth exploration of rule of law. Today, we shall focus on the concept of separation of powers and its adjunct – checks and balances. Enjoy.

Separation of Powers

It must be noted that, the doctrine of separation of powers has been developed over the centuries. The evolution of the concept of separation of powers can be traced to the British Parliament's gradual assertion of power and resistance to the royal decrees during the 14th century. James Harrington, an English scholar was one of the first modern philosophers to analyse the doctrine of Separation of Powers. Harrington in his essay, “Common Wealth of Oceana” (1656), built upon the works of earlier philosophers like Plato, Aristotle and Machiavelli, and described a utopian political system that included a separation of powers. In his second Treatise on Government (1690), John Locke, an English Political theorist, gave the concept of separation of powers more refined treatment. John Locke argued that legislative and executive powers were conceptually different. But that it was necessary to separate them in government institutions. However, in Locke’s conception, judicial power played no significant role (Ibid).

The modern idea of the doctrine of separation of powers was vigorously explored in the “Spirit of Laws (1748)” by Baron de Montesquieu, a French Political writer. He based his exposition on the British Constitution of the first part of the 18th century. As a doctrine, it postulates that, "where an individual occupies the position of both the executive and the legislature, there is the danger of the legislature enacting oppressive laws which the executive will administer to attain its own ends".

Montesquieu went on to outline a threeway division of powers in England amongst the parliament, the king and the courts, even though such a division was not in existence at that time. Montesquieu apparently believed that the stability of the English government was due to this practice of separation of powers, despite the fact that he did not use the word “separation” (Ibid).

It is worthy of note that Plato, Aristotle, Harrington, Locke, Montesquieu and other commentators saw the concept of separation of powers as a way to eliminate the arbitrary powers and check dictatorial tendencies. One condition of liberty is the separation of the legislature from the executive, and the existence of an independent and impartial judiciary. It is also as a result of this that, Montesquieu regarded the separation of powers as an essential safeguard of liberty. According to him, “there is no liberty if the judicial power be not separated from the legislative and executive” Gettel aptly captured this when he stated that the doctrine implies that the three functions of the government "should be performed by different bodies of persons; each department limited to its own sphere of action, and within that sphere should be independent and supreme" (ibid).

Hence, separation of powers is presently understood to mean that, none of the legislative, executive and judicial powers is able to interfere with the powers and function of the others. For

example, the Judges should be independent of the executive and legislature, or that the same persons should not hold posts in more than one of the three branches, and that, one branch of government should not exercise the functions of another.

For the avoidance of doubt, mention need also be made of the fact that, strict observation of the principle of separation of powers leads ultimately to checks and balances, which is also very germane in any democratic setting in ensuring that sanity is highly maintained, and impunity and rule by whims and caprices of individuals, prevented. I shall now consider briefly, the principle of checks and balances.

Checks and Balances

It is pertinent to mention here, the theory of Checks and Balances, which is intertwine with the doctrine of separation of powers. The theory of “checks and balances” is to the effect that, governmental power should be controlled by overlapping authority within the government and by giving citizens the right to criticise State actions and remove officials from office in deserving cases (ibid). Thus, in addition to separation of powers, there is great need for checks and balances to ensure that each arm of government does not abuse

“….strict observation of the principle of separation of powers leads ultimately to checks and balances, which is also very germane in any democratic setting in ensuring that sanity is highly maintained, and impunity and rule by whims and caprices of individuals, prevented”

its powers and create unnecessary political instability in the system.

In fact, it is through the proper application of these doctrines of separation of powers, and checks and balances that abuse of office and impunity in exercise of governmental powers are curtailed. Checks and balance is thus, an arrangement, whereby an arm of government supervises and checks another arm of government against any possible abuse of powers. This implies that checks and balances as a constitutional tool, enables the branches of government to resist any illegitimate expansion of power by other branches (Anyim-Ben, Francisca. O., et al, “The Doctrine of Separation of Powers and Checks and Balances in the Nigerian Executive-Legislative Relationship" Nnamdi Azikiwe Journal of Philosophy. Volume 9, No 1 p.79). Of course, this is in tandem with Magstadt’s (2006) view when he argued that:

“The Madisonian solution was to structure the government in such a way that selfish interests (faction) pursuing selfish ends would encounter as many hurdles as possible. It was this idea that won the day in Philadelphia and came to be enshrined in the Constitution of United States America as the famous checks and balances”.

Checks and balances therefore, is a mechanism for ensuring that each of the arms of government supervises and checks one another against possible abuse of powers. Hence, the different arms of government are vested with the responsibility to monitor the activities of other arm(s) and also limit the powers of other arm(s). For good governance, separation of powers and checks and balances must coexist. This implies that when an individual is vested with such powers of abating and probating or executing and adjudicating, there is every possibility that such a person will become despotic if unchecked.

Separation of Powers and Checks and Balances in Nigeria

In Nigeria, the principle of separation of power for the purposes of checks and balances are well envisaged by the 1999 Constitution of the Federal Republic of Nigeria(as altered), (the Constitution). The Constitution makes salient provisions that seek to ensure the observation of these principles. By Section 4 of the Constitution, the legislative powers of the country are vested on the legislative arm. The judicial powers on the other hand are by the provisions of Section 6 of the Constitution vested in the Judiciary, while the executive powers, are by Section 5 of the Constitution vested in the President, and may be exercised by him in person or through his vice or Ministers). The Constitution has provided overlapping functions for the arms of government in order to ensure checks and balances, to prevent impunity and abuse of power by government officials. For instance, Section 231 of the Constitution empowers the President to appoint the Chief Justice of Nigeria and other justices of Supreme Court on the recommendation of the National Judicial Council (NJC), subject to the confirmation of such appointment by the Senate. Section 4(8) of the Constitution states that save as otherwise provided by this Constitution, the exercise of legislative powers by the National Assembly or by a House of Assembly shall be subject to the jurisdiction of courts of law and of Judicial tribunals established by law and accordingly, the National Assembly or a House of Assembly shall not enact any law, that ousts or purports to (ibid) oust the jurisdiction of a court of law or of a judicial tribunal established by law.

By Section 58(1) of the Constitution, the Power of the National Assembly to make laws shall be exercised by bill passed by both houses, and except as otherwise provided by subsection (5) of this section, assented to by the President. Section 58 (4) &(5) of the Constitution is to the effect that, where a bill is presented to the President for assent, he shall within thirty days thereof signify that he assents or withholds assent. Where the assent of the President is withheld, and the bill is again passed by each House by two-thirds majority, the bill shall become law and the assent of the President shall not be required. The foregoing and so many other similar provisions in this regard, contained in the Constitution tend to ensure the observation of the doctrine of separation of powers, and to check abuse of power. For instance, the power of the National Assembly to override the assent of the President is to prevent a situation where a President would decide to whimsically veto bills by withholding his assent to bills, for his personal interest. The Power of the legislature to appropriate or approve money to be spent by the executive under Sections 81, 82 and 83 of the Constitution, and also the power to impeach the President in deserving circumstances under Section 143 of the Constitution also provide great checks against the arbitrary exercise of powers by the executive. More so, the power of the President to veto bills and to appoint members of the judiciary acts as a check on the powers of the legislature and the judiciary respectively. The judiciary on the other hand, is widely empowered to adjudicate over issues arising from the policy implementation of the government as well as other decisions taken by the other arms.

Having said that, whether or not the provisions of the law in this regard are complied with to ensure the smooth application of these principles, and in so doing ensure that sanity is maintained and impunity curtailed in our democracy is indeed a different thing altogether. An attempt shall however be made subsequently in this work, to look at germane issues on these principles and possibly take a stand on the observation or otherwise of same. (To be continued).

THOUGHT FOR THE WEEK

“In law, a man is guilty when he violates the rights of others. In ethics, he is guilty if he only thinks of doing so.”

Introduction

This intervention will briefly review the paper of the Honourable Justice Oshodi, and proceed to make comments aimed at exploring innovative strategies and best practices for enhancing the administration of justice, with a focus on improving civil justice for economic, growth and protection, increasing efficiency, and expediting criminal trials. Permit me to respond to the principal issues addressed by his lordship in the paper.

Introduction of Administration of Criminal Justice Law by Lagos State and amendments

I agree with his lordship that "The introduction of the Administration of Criminal Justice Law (ACJL) in 2007 and its subsequent amendments have aimed to streamline criminal proceedings, reduce delays, and protect defendants' rights". With respect, the law enforcement agencies have refused to comply with the amendment that has prohibited the parade of criminal suspects in Lagos State. For instance, while lowly placed suspects who are alleged to have stolen tubers of yam are paraded, politically exposed persons charged with looting the treasury to the tune of billions of Naira are dared not paraded, as their right to dignity of the person is respected by the State.

Stay of Proceedings

It is the view of his Lordship has that Section 273 of the Administration of Criminal Justice Law (ACJL) which abolished stay of proceedings has improved criminal trials in Lagos State. No doubt, the provision was designed to remove criminal proceedings from the control of a few privileged citizens who were in the habit of filing interlocutory appeals and suspending their trials by filing stay of proceedings in the trial courts and appellate courts. But, there are instances when genuine preliminary objections may terminate a frivolous charge.

Section 374 of the ACJL which allows a trial court to simultaneously determine the validity of charges and substantive issues rather than dealing with them separately, ought to be reviewed. Even though the provision has been endorsed by the Court of Appeal and the Supreme Court, it ought to be amended to allow Judges to deliver interlocutory rulings, provided that the determination of such interlocutory applications will not stay the proceedings. But, if the preliminary objection succeeds the criminal case should be terminated instead of wasting resources of the State and the time of parties and Lawyers, on a charge that may be dismissed at the end of a trial.

Trial of Criminal Suspects in Absentia

His Lordship is satisfied with Section 235 of the ACJL 2021 which allows "for the trial and conviction of Defendants in absentia under certain circumstances, such as when the Defendant has been granted bail but fails to appear in court without reasonable explanation. With respect, Section 235 requires an amendment, to permit trial in absentia when a suspect is on the run. Even though the law has recognised the service of a criminal charge on the Lawyer of the Defendant, it is suggested that there is substituted service by pasting same on the last known address of the Defendant.

Plea Bargain

In listing the advantages of plea bargain, his Lordship opined that "Apart from quick case resolution, it can also provide certainty and predictability for Defendants, who can negotiate a known outcome rather than face the uncertainty of a trial. Also, Defendants who plead guilty may receive non-custodial sentences, or shorter terms

Reforming Administration of Criminal Justice in Lagos State

These are the comments made by Femi Falana, SAN on Hon. Justice Rahman Oshodi’s Paper “Enhancing the Criminal Justice System in Lagos State: A Comprehensive Approach to Reform” delivered at the Lagos State Government Justice Sector Summit held on May 28, 2024. The Learned Senior Advocate suggests ways and means in which administration of criminal justice in Lagos can be improved, also with simple amendments to the ACJL

of imprisonment". As the majority of criminal suspects are not aware of the provisions of the ACJL relating to plea bargain, they have not been able to benefit from the procedure. It is therefore, suggested that the Ministry of Justice and the branches of the Nigerian Bar Association in Lagos State, should embark on a campaign to popularise plea bargain.

Decongestion of Correctional Centres

It is the belief of his Lordship that Lagos State has made notable progress in addressing some of the challenges in the criminal justice system through various reform initiatives, and that the establishment of specialised courts and promoting plea bargaining and adopting restorative justice has contributed to decongesting courts and correctional facilities. While the reforms are noted, it should be pointed out that the congestion of the correctional centres is on the increase as a result of the remand orders issued by Magistrates, based on the applications of the Police and other law enforcement agencies.

Pretrial Detention of Suspects

Rich suspects are usually admitted to bail, either by law enforcement agencies or trial courts. But, poor suspects are subjected to prolonged pretrial detention on the orders of Magistrates, while awaiting the legal advice of the Director of Public Prosecution. In many cases, poor suspects are held in prison custody for years, because the legal advice of the DPP is not forwarded to Magistrate

“Rich suspects are usually admitted to bail, either by law enforcement agencies or trial courts. But, poor suspects are subjected to prolonged pretrial detention on the orders of Magistrates, while awaiting the legal advice of the Director of Public Prosecution”

Courts by Police prosecutors. Permit me to cite a few cases where poor suspects have been detained for years, due to lack of communication between the office of the DPP and Police prosecutors.

In Alade v Nigeria (Suit No. ECW/ CCJ/JUD/10/12) the Community Court of Justice of the Economic Community of West African States (ECOWAS) found that the Applicant was arrested in March 2003 and detained on a holding charge on the orders of a Magistrate in Lagos for over nine years without being returned to court, either for a trial or for a review of his detention. The court declared the detention represented a violation of his rights under Article 6 (the right to personal liberty) and Article 7 (the right to a fair trial) of the African Charter on Human and Peoples’ Rights. The court also ordered his immediate release and awarded him damages of N2,700,000 ($17,000).

In November 2023, an Ikeja High Court, released three men, Peter Edialu, Godspower Friday, and Bayo Segun, after they had been held in custody for six years without trial. They were in detention for six years awaiting the Department of Public Prosecution's advice, but nothing came forth.

About two weeks ago, the Court of Appeal sitting in Lagos freed a man, Idris Musa who was arrested in 2010 by the Police over the murder of one Ali Kolo and abandoned in Kirikiri prisons for 14 years without trial. At the time of his release Musa has developed a mental disorder in prison.

It is high time the power of Magistrates to issue remand orders was reviewed, in line with the provisions of the Constitution. According to the ACJL, upon the arrival of a suspect in a Police station, the Police shall inform the next of kin of his/her place of detention and ask for the details of the suspect’s Lawyer. The suspect shall be informed of the charge against him/ her. If the suspect does not have a lawyer, the Police shall request the Legal Aid Council to provide a Lawyer to represent the suspect, even before

making a statement in the Police station. The suspect shall be informed of other rights to which he/she is entitled under the Constitution and the ACJL.

Even though the suspect is presumed innocent until the contrary is proved in a court of law by the State, the detaining authorities are permitted to apply for an order to remand the suspect. And, without hearing from the suspect, a Magistrate shall grant the application and order his/ her remand for a renewable period of 30 days. It is submitted that the order for the detention of a suspect for 30 days or more, without affording him/her the opportunity to react to the allegation made by the Police against him/her, constitutes a flagrant abuse of the fundamental rights of the suspect to personal liberty and fair hearing guaranteed by Sections 35 and 36 of the Constitution respectively.

Bail in Criminal Cases

The Constitution has liberalised bail for suspects and Defendants, involved in criminal cases in Nigeria. On account of the decision of the Court of Appeal in James Ibori v Federal Republic of Nigeria (2009) 3 NWLR (Pt 1128) 247, the granting of bail has become automatic in Nigeria. Regardless of the seriousness of an offence, a trial Judge is legally bound to consider an oral application for bail, if there is enough material evidence before the trial court. See M.K.O. Abiola v Federal Republic of Nigeria. (1995) 1 NWLR (Pt 370) 155.

Upon arraignment in a criminal court, a Defendant files a bail application. With or without any basis, the Prosecution files a counter-affidavit while the defence counsel files a reply on points of law. Arguments are taken, and a considered ruling is delivered by the trial court. Except on a very rare occasion, the bail is invariably granted, with or without conditions. Since bail is usually granted by trial courts, it is suggested that the prosecution and defence counsel should agree on the bail conditions to be imposed on a Defendant pending trial. If an agreement is not reached by

Femi Falana, SAN

‘We’ll

Set a Standard for a Seamless NBA Election’

again, nigerian Lawyers are set to elect their choice of candidates for the various national offices of the nigerian Bar association (nBa), in the next few weeks. Over the last few election cycles, the electoral process has been trailed with criticisms and post-election complaints and appeals, sometimes ending up in tedious litigation in court, to the extent that following the 2018 election cycle, two Lawyers were actually arrested and charged to court by the eFCC, for offences bordering on cybercrimes to allegedly rig the election. This year presents another opportunity, for the nBa to prove the integrity of its electoral process. Onikepo Braithwaite and Jude Igbanoi linked up with Oluseun Abimbola, SAN, former attorney-General of Oyo State and the Chairman of the 2024 Electoral Committee of the Nigerian Bar Association (ECNBA), who confirmed the eCnBa’s determination to deliver a rancour free and fair election to nigerian Lawyers this year

Elections into the national offices of the Nigerian Bar Association (NBA) are just a few weeks away. Exactly when will the elections hold? As the Chairman of the Electoral Committee of the NBA (ECNBA), what level of preparedness can you assure Nigerian Lawyers of?

The NBA 2024 Elections into

National offices, and as representatives of the NBA on the General Council of the Bar holds Saturday 20th July, 2024. Preparations are on and in top gear. We have, in line with the Constitution, issued over the last several weeks, necessary guidelines and notices in respect of compliance steps for candidates and members, while other compliance guidelines will

“We had bids from local and foreign entities, consortia, etc, before narrowing down our choice based on several parameters including capacity, experience, expertise, cyber-security offerings, etc”

still follow. Our Technical Support Consultant is in place after a competitive bid process, and they have since been working with us in preparing for the election. We have cleaned up the database of voters, and recently published the list for members’ eligible to vote for verification. We have again, after a competitive bid process involving technical and financial reviews, with the assistance of our Technical Support Consultant, made a selection of the election service provider, and have commenced a secured review and preparation of the voting platform. I would say we are on course with preparations for the elections.

The issue of the process of selection and choice of IT Provider for the balloting has remained contentious. One of

the Presidential candidates has alleged that the process of picking the IT Provider for the election has always been opaque, and not open for scrutiny. How did you handle this challenge, for this year’s election?

The Constitution does provide for the process to follow in the selection of the various expert providers, and it is transparent. It requires us to post a bid invitation, which we did by our issuance and publication of a Request For Proposals, both for the Technical Service Consultant (which we did first), and for the Election Service Provider which recently concluded. Upon preliminary review of submitted proposals, we had narrowed down to a shortlist which was published on the NBA and ECNBA websites, and is still there as released. This was followed by a technical review of the shortlisted organisations and a

Oluseun Abimbola, SAN

‘We’ll Set a Standard for a Seamless NBA

financial review, before we selected the eventual companies as Technical Service Consultant and Election Service Provider. There was nothing opaque about the selection process. We had bids from local and foreign entities, consortia, etc, before narrowing down our choice based on several parameters including capacity, experience, expertise, cyber-security offerings, etc. Every step we took is open to scrutiny, and were transparently executed. It is necessary to point out that while the Constitution mandates the ECNBA to publish the list of Shortlisted entities for Election Service Providers for comments by members of the Association, it does not require us to submit the individual bids received to members of the Association. Where we received enquiries on any issue relating to the appointment of the Election Service Provider, we promptly responded. Controversies have trailed the last few elections, from the disqualification of candidates by ECNBA to allegations of malpractice here and there through the IT Platform. What guarantee can you give to Lawyers this time around, that the voting platform is fully reliable and there is no way to manipulate it, and that the elections will be free, fair and credible?

First of all, understand that an election is a contest with contenders. This presupposes that a winner and loser will emerge in accordance with stated provisions of Statutory instruments, and that carries with it, its own sometimes negative energy, and biases even when there are no smoking guns. Disqualification of candidates, whether by this ECNBA or previous ones, is usually for stated reasons pursuant to the provisions of the Constitution, the Regulations and Guidelines. Disqualification of candidates either by previous ECNBAs or ours in the current exercise, is therefore, no exception, in terms of the energy it generates. Disqualified candidates all have justifications as to why they believe they should not have been disqualified, and again that sentiment is not strange in the circumstance of an electoral contest. That is why there is an appeal process engaged by such disqualified candidates and that was recently concluded, with parties demonstrating candour by accepting the outcome.

The ECNBA extended the date for voter verification. Lawyers hope that the compilation of the Voters List will be hitch-free this year, unlike in the past where Lawyers were unable to vote, because though they found their names on the Preliminary Voters List, their names did not appear on the Final Voters List. Can you assure Lawyers that nothing like

that will happen this time around?

By all means all qualified voters who paid their Bar Practicing Fees (BPF) between 1st January and 31st March, 2024 would have been captured on the NBA portal at the time of payment, and should make the list of voters. It is important to point out that, because the system for the payment of the BPF was done through the NBA portal after each member had verified his details, the system automatically generates a List of all persons who made payment between the 1st of January and 31st of March, 2024. The verification exercise that the ECNBA required members to do is that of their phone numbers and emails, since those are the means by which they would receive their authentication codes to vote. Verification was extended, to allow members check that their details are correctly captured on the Voters list (especially their phone/email contacts). Once the verification process ends, the corrections submitted by members would be certified and uploaded on the list, before the final Voters list is uploaded for the elections. We are doing the utmost and meticulously reviewing this to avoid any glitch, so there is no missing data during uploads. Names will not be missing in this election. The only names not on

“….we seize this opportunity to advice our members again, that the regulatory period that qualifies you for privileges of the Bar, including the right to vote and be voted for, is paying your BPF as at when due, that is, 1st January to 31st March of the year”

the Voters list, are those who did not pay for their Bar Practicing fees in 2024 within the regulated period. Some members who paid after 31st March have been trying to verify their names and found it missing, and we received various complaints by emails, calls from many, some even abusive for no just cause, when they only paid their statutory BPF fees in April, after the regulatory period. We are taking time to explain though, to all in this category, and we seize this opportunity to advice our members again, that the regulatory period that qualifies you for privileges of the Bar, including the right to vote and be voted for, is paying your BPF as at when due, that is, 1st January to 31st March of the year.

With just a few weeks to elections, your Committee is yet to lift the ban on election campaigns. What informed the decision not to lift the ban in good time, as has been the practice in the past? How and when will the candidates be able to effectively reach their supporters and canvass for votes within such a short period?

No time is fixed by the NBA Constitution, for campaign to start. However, the electoral process and logistics of planning and regulating the stages of same, demand that some activities are desirable to be concluded or commenced (as the case may be), before the ban on campaigns can be lifted.

Secondly, we must remind ourselves that ours is a professional body, not a political party campaign with the full blown partisanship campaigns. I always say that for Bar elections, all candidates belong to the same party called the Nigerian Bar Association; hence, they must observe the same standards

and principles for campaign. Our Constitution spells out the strict limits of what is allowed, and it does not necessarily require the open country campaign in political circles; so, there is plenty of time indeed, to campaign before the election.

We have issued to candidates guidelines that should govern their campaigns among other things, and in any case, the ban has now been lifted. Of utmost importance is to ensure all persons observe and maintain the decorum, nobility and professional culture the legal profession is associated with. We should not lose that to partisan politics, even in our campaigns. This is the clear spirit that governs the letters of the NBA Constitution.

Some candidates who were disqualified have gone to Press, asking their supporters to support another candidate. Does this not amount to campaign?

It is regrettable that those who live in glass houses, throw stones at it sometimes. If such persons were to still be candidates, they may qualify to be disqualified. It is a simple regard for our rules, guidelines and Constitution we simply ask all candidates and supporters for, and that is not onerous to comply with. That act was jumping the gun, without the ban on campaign being lifted yet. We urge our dear candidates and supporters, to stick to the rules of the game please. We want a clean contest, no puns, strict compliance with our rules and Constitution, and let’s set a standard for what a seamless, rancour free and fair elections should be.

It appears that there is a need for voter-education, as many older Lawyers who are neither computer literate or internet savvy, always have challenges casting their votes online. Should Lawyers expect

oluseun Abimbola, SAN

‘We’ll

Set a Standard for a Seamless NBA election’

some tutorial on the step-by-step process of casting their ballot in the election?

By all means, there will be voter education, by physical visits across regions, and also DIY video posts, etc to guide voters on the steps and process to casting their ballot. Indeed, we have started this with the clear instructions for the verification process of the Voters list, which made it a simple 3 step “do it yourself” process that anyone could easily follow. We intend to simplify the voting process, in our continuing releases.

After the elections, what is the appeal process, if and when any appeal arises?

There is already set up a National Officers Elections Appeal Committee in place, which will determine any resulting appeals that may arise. We intend to have clean polls, that even those who may lose will have no need to appeal if the process is transparent for any objective mind to see. We, on our part, will conduct a post-election audit nonetheless with our Service Providers, and issue a report of same in furtherance of our resolve to give assurance to the integrity of the process.

What would you say have been your greatest challenges in this important assignment, so far?

Nigeria has had an integrity deficiency in many sectors, processes, institutions and systems. We read narratives from a few amongst our colleagues as to whether this year’s election process will be seamless and free of the recurrent claims of inter-

ference, and we do understand those sentiments in our Nigerian environment where elections of any sort have generated such emotions.

We are doing our utmost to disabuse the minds of even the greatest sceptic, by ensuring the integrity of our systems,

“...we must remind ourselves that ours is a professional body, not a political party campaign with the full blown partisanship campaigns”

A rTI c L e

processes, and procedures. We are scientifically conducting a thorough integrity test of the voting platform, and have same duly certified. I only wish to assure our colleagues and members, to trust that this year’s election shall be void of those challenges. We have insisted in the process of selection of the Election Service Provider, that in spite of our technical assessment, they provide certified attestation of the integrity of the voter platform which they have happily significantly enhanced over the last two years. Nevertheless, ECNBA will still, in line with its constitutional mandate, give further assurance to stakeholders by hopefully having a

reputed global third party, conduct vulnerability assessments and tests on the voting platform to assure all of the processes and eventual outcome. We thank all the candidates for their cooperation so far, and appeal to them to ensure full cooperation all through the process to the end. We also appreciate the cooperation of our dear members and distinguished colleagues for their engagement with the process so far, and continue to assure them all that we shall, by the grace of God, deliver on our mandate, a free, fair and transparent elections 2024.

Thank you Learned Silk.

reforming Administration of criminal Justice in Lagos State

cont'd from page VII

counsel, the trial court should be invited to impose bail conditions deemed fit in every criminal case, and then fix a hearing date for the case.

The following are recommendations to ensure that remand proceedings and pre-trial detentions, do not continue to slow down criminal trials:

1. In line with Sections 106 of the ACJA, Kano and Delta State Government have abolished the prosecution of criminal cases by lay Police prosecutors. We suggest that more Lawyers be employed by the office of the DPP, to meet the enormous legal responsibility of the office in giving the required advice. The Lagos State Government should phase out prosecution of criminal cases by Police officers without any further delay.

2. The Chief Judge should ensure that the monthly visits to all Police stations in the State are done by Chief Magistrates, in line with the provisions of the ACJL and the Police Establishment Act. The members of the Human Rights Committee should accompany the Chief Magistrates, during such visits. The visiting Chief Magistrates are empowered

to grant bail, or order the release or arraignment of any suspects detained in a Police station. Judges designated by the Chief Judge, are empowered to conduct similar visits to other detention facilities in the State.

The 2023 Alteration of the Constitution, has transferred prisons from the exclusive legislative list to the concurrent legislative list. Thus, the Fifth Alteration (No.31) Act has empowered the National Assembly and State Assemblies to make laws establishing correctional services and custodial facilities, as well as authorities to manage them. Owing to prison congestion in Lagos State, the Government should establish a correctional centre. However, the plan of the Lagos State Government to relocate the Ikoyi Correctional Centre to Epe, should be shelved for security reasons. The perennial traffic jam on the Lekki-Epe road, may encourage the escape of prisoners. It is suggested that the Ikoyi Correctional Centre be closed down, while the facilities in Kirikiri Correctional Centre are upgraded to accommodate the inmates in the Ikoyi

Correctional Centre.

The Leadership Role of Ministry of Justice

The Lagos State Ministry of Justice should take the lead, in decongesting our courts. To achieve that objective, the Ministry has to demilitarise the psyche of its Lawyers.

Ineffective Utilisation of Technology by the Courtd

The Lagos State Judiciary operates the Efiling system which took off on September 1st, 2022. It is a feature in the Lagos State High Court Judiciary Information System (JIS). However, despite the introduction of the electronic filing system, the filing procedure of cases is still cumbersome and slow in Lagos State. Instead of speeding up the processes, the e-filing procedure has brought frustration in filing cases and getting cases assigned to courts.

Also, the Judiciary needs adequate funding to procure all that is necessary for a seamless operation of virtual operations. There is also the need for the training of all judicial staff involved in the eprocess, to fully utilise the process and for a speedy and efficient dispensation of Justice.

Conclusion

No doubt, many of the recommendations adopted in this Summit will require amendments of the ACJL of Lagos State and the Civil Procedure Rules. The Lagos State Ministry of Justice should ensure that the input of the Judiciary and the Bar is considered, before the passage of the Civil Justice Bill pending in the House of Assembly. In contributing to the economic development of the country, the Lagos State High Court should continue to promote public accountability, by prioritising matters relating to money laundering and looting of the treasury by members of the ruling class. The courts should interpret the law, to ensure that the Nigerian people are empowered to control the economy in the national interest.

Finally, it is expected that a beautiful Communiqué will be issued at the end of this Summit. As that will not be enough, it is suggested that a working committee should be set up, to ensure the implementation of the recommendations adopted in this Summit. The Committee should be constituted by selected Judges and Lawyers, as well as officials of the Ministry of Justice.

Femi Falana, SAN

oluseun Abimbola, SAN

Features Editor: Chiemelie Ezeobi

Email: chiemelie.ezeobi@thisdaylive.com, 07010510430

Commitment Towards Preventing Terrorism Financing, Violent Extremism

To drive a collective resolution and citizen-oriented approach towards the prevention of terrorism, terrorism financing and violent extremism with specific focus on North-East Nigeria, the Civil Society Legislative Advocacy Centre (CISLAC)/Transparency International in Nigeria (TI-Nigeria),º recently convened a multi-stakeholder national dialogue where commitments were made. Chiemelie Ezeobi reports

Globally, terrorism constitutes a threat, and for Nigeria, it's at a high level. Over the years, attempts to combat terrorism and violent extremism in the country have been on high heat, policy attention has been shifted towards many sources of terrorism financing, which have continued to fuel terrorism and other violent conflicts in Nigeria.

This increased level of terrorism was what necessitated the recent multi- stakeholder national dialogue driven by a collective resolution and citizen-oriented approach towards the prevention of terrorism, terrorism financing and violent extremism, organised by the Civil Society Legislative Advocacy Centre (CISLAC)/Transparency International in Nigeria (TI-Nigeria).

Financed by the Inter-Governmental Action Against Money Laundering In West AfricaEconomic Community of West African States (GIABA-ECOWAS), the event which held at Abuja Continental Hotel, was themed Dialogue on Preventing Terrorism Financing, and Violent Extremism, was a gathering of state and non-state actors as part of the effort to drive a collective resolution and citizen-oriented approach towards the prevention of terrorism, terrorism financing and violent extremism with specific focus on North-East Nigeria.

The workshop was attended by over 100 participants from Anti-corruption agencies, Security agencies, Defence institutions, Private Security outfits, Financial Sector, Traditional institution, Community-Based Organisations, Faith-Based Organisations, Women-led organisations, Youth-led organisations, State Government, Civil Society and the Media.

Some of them include Chairman Economic and Financial Crime Commission (EFCC), Mr. Ola Olukoyede; Chairman, Independent Corrupt Practices & Other Related Offences Commission (ICPC), Dr. Musa Adamu Aliyu, SAN; Chairman, House of Representatives Committee on Media and Public Affairs, Hon. Rotimi Oluwaseun Akinde; Chairman, House Committee on Capital Market and Institutions, Hon. Solomon Bob; Chairman, House Committee on Civil Societies & Development Matters, Hon. Victor Obuzor; Chief of the Air Staff represented by Air Cdre David Dung Pwajok; Head of Complaint Response Unit of the Nigeria Police Force, CSP Al-Mustapha Sani; Chairman, Kano State Public Complaints and Anti-Corruption Commission, Mr. Muyi Magaji; the National Security Adviser (NSA) represented by Commander Daminlola Owonuwa; Commissioner for Political Affairs, Peace and Security, ECOWAS represented by Dr. Isaac Armstrong; Commandant-General, Nigeria Security and Civil Defence Corps represented by Comdt. Ekundayo Remi Omolade; Commandant, NSCDC, Borno State Command, Comdt. Musa Farouk Kuram; Bauchi state Commissioner of Police represented by Police Public Relations Officer, Bauchi state Command, Mr. Ahmed Muhammed Wakil; Benue State Governor represented by Mr. Leo Angelo Viashima.

The Dialogue had some technical sessions with presentations titled: Preventing violent extremism and countering the financing of terrorism: The role of state actors (military, police, NSCDC, and other agencies) by Barrister Tijani Mohammed; and Preventing violent extremism and countering the financing of terrorism: the role of non-state actors (citizens, media & civil society) by Dr. Yakubu Sani Gombe.

Terrorism Finance

According to the Executive Director, Civil Society Legislative Advocacy Centre (CISLAC) and Head, Transparency International in Nigeria (TI-Nigeria), Auwal Ibrahim Musa (Rafsanjani), without any doubt, terrorism finance is the backbone of terrorist groups as funds go into buying weapons, recruiting militants, and operating terrorist organisations.

Quoting the United Nations Office on Drugs and Crime (UNODC) he said: “terrorist groups need money to sustain themselves and carry out terrorist acts”.

Putting it in context, he said terrorist financing encompasses the means and methods used by terrorist organisations to finance their activities, leveraging funds from legitimate sources such as business profits and charitable organisations, or from illegal activities including trafficking in weapons, drugs or people, or kidnapping.

Causes, Consequences of Terrorism Financing in Nigeria

In effect, according to the United Nations

Human Rights Council, terrorism diverts foreign investment, reduces capital inflows, destroys infrastructure, disturbs financial markets, impedes economic growth, and has significant negative impacts on social and cultural human rights.

This is why the ED Rafsanjani believes the prevention of terrorism is highly desirable and should be a top priority of "our beloved country for sustainable development. The increasing concerns about the financing of terrorist activities within the country, have triggered unfavourable indices from the 2023 Global Terrorism Index (GTI), which ranks Nigeria eighth among the top ten countries with the greatest levels of terrorism in the world.

Citing examples he said: "In March 2024, the Federal Government naming 15 entities including nine individuals and six Bureau De Change operators and firms that are said to be involved in terrorism financing has highlighted the pressing issue of terrorism and terrorist financing in the country.

"As poor awareness at community levels hamper collective monitoring and timely response to warning signals of potential terrorist activities and violent extremism, the security situation in Nigeria has become increasingly complex and uncertain, as various non-state armed groups have emerged and consolidated coercive power to terrorise the population in Nigeria, as evident with the activities of the armed bandits, criminal gangs, separatist groups, religious fundamentalists, amorphous kidnappers, and many others often referred to in the Nigerian media as “unknown gunmen”.

"The consequences of terrorism have continued to aggravate extreme poverty

rates among Nigerians, internally displacement, devastated livelihoods, just as opportunities for broader growth, development and prosperity are destroyed.

"Moreover, weak security and surveillance at national borders contribute to the issue of terrorism financing in Nigeria. This lack of control and monitoring allows terrorists, as well as small arms and light weapons, to infiltrate the country quickly.

"The former Chief of Defence Staff, Lucky Irabor, revealed that 137 out of about 261 borders in the North-East and North-West are unguarded. With such easy access, terrorist organisations conduct operations and finance their activities more efficiently. This stresses the imperative of strengthening security measures at borders by Nigerian authorities to prevent the inflow of funds and resources for terrorist activities.

"Poor collaboration on the part of law enforcement and regulatory agencies has contributed to the problem of terrorist financing in Nigeria. Effective information sharing is crucial in combating terrorism financing, yet there seems to be a lack of coordination among various agencies and institutions.

"This hinders the ability to track and intercept suspicious transactions and apprehend those responsible for financing terrorism.

The lingering inter-agency rivalry among response agencies constitutes an impediment to intelligence gathering and information sharing for coordinated Response to potential violent signals.

" Unhealthy inter-agencies rivalry and struggles for superiority among response agencies competing for resources have been identified as major barriers to coordinated response to conflict warning signals at all levels. This in September 2022 had triggered a reaction from former Inspector-General of Police, Solomon Arase, who acknowledged that rivalry existed despite the fact that no individual agency could holistically handle security issues alone.

"More importantly, the capacity gaps within law enforcement and regulatory agencies also hamper efforts to address the challenge of terrorism financing effectively. These institutions must be adequately equipped and trained to detect and disrupt the financial networks of terrorist organisations. Without the requisite capacity, it becomes incredibly challenging to investigate and prosecute individuals involved in financing terrorism."

The CISLAC ED added that poor governance and corruption drive terrorism and violent extremism, which are among observed cases in the North-East of Nigeria as they provide avenue to fund armed groups and criminal networks, prevent development of and weaken effective institutions of governance, depress social and economic development.

"Also, religious dimension, which has to do with extremism, hard beliefs and ideologies held and taught by some religious leaders have led to indulgency in the North East," he pointed out.

Policy Neglect in Legislative System, Structure According to Rafsanjani, it would be pertinent to note that the legislature has a role to play given that politics are local and people-centred.

Pointing that every state in Nigeria has a state of Assembly with members representing local governments, he said: "There are 109 members in the Senate, located in the Federal Capital Territory and 360 seats in the House of Representatives. Every lawmaker represents a Constituency, they link national and state politics to the grassroots, reinforcing the notion that politics is essentially local and people-centred.

"However, inactive Legislative Constituency Offices across the country as a primary mechanism in detection and reporting of violent signals contributes to major policy neglect in reporting system and structure."

Exploitation of the Financial Sector

The CISLAC ED also lamented on how the financial sector has been exploited for terrorism financing, adding that the use of the financial sector indicates the increasing capabilities of some terrorist groups.

These include the Bureau de Change operators, Point of Sale (POS) devices, wire transfers, and Designated Non-Financial Businesses and Professions, among other enabling platforms expanding the scope and depth of terrorism financing.

"It is worrisome that illegal money exchangers including Bureau De Change have been featured in several Terrorism Financing investigations. The 2022 National Inherent Risk Assessment of Terrorism Financing report reveals that between 2019 and 2022, about 19 companies were linked to illegal money exchangers who have used their companies to comingle funds considered to be linked to Terrorism Financing.

"Illegal money exchangers are not under any form of regulations and as such, they implement any preventive measures. The activities of the illegal money exchangers provide a channel for moving illegally obtained funds for Terrorism Financing.

"While the Banking sector in particular has in recent times been subjected to strict regulations that intend to increase transparency and identify suspicious transactions; however, studies illustrate that the Banking sector continues to offer opportunities for terrorist financing; as current measures employed by banks have proven ineffective due to the knowledge gap that surrounds concrete methods terrorist financiers employ.

"For instance, in March 2024, the Economic and Financial Crimes Commission (EFCC) revealed that 70 per cent of financial fraud in Nigeria were carried out in the banking sector. This includes the inside and outside related fraud. This disturbing report exposes the extent of illicit funds movement through the banking sector."

Role of Media in Reporting Factual Information

Also touching on the role of the media in reporting such financial crimes, the ED said over-sensationalised media reportage with profit-oriented tendency and deliberate information misrepresentation contribute to violent extremism and social instability at all levels.

"Factual misrepresentation and unverified information presentation by various media

Aondoaseer Leonard-Angelo Viashima, Director General – Benue State Bureau for International Cooperation and Developments Unit

Cross section of participants at the Multi-stakeholder National Dialogue on Preventing Terrorism Financing and Violent extremism in Nigeria, at Abuja Continental Hotel... recently

Commitment Towards Preventing Terrorism Financing, Violent Extremism

outfits trigger conflict insensitivity and violent response. Because of their roles in audience perception of events and issues, media framing and reportage are considered veritable instruments for violent prevention or de-escalation."

GIABA's Contribution to the Fight against Terrorism Financing, Violent Extremism GIABA, a specialised Institution of Economic Community of West African Stated (ECOWAS) with the mandate to coordinate the fight against money laundering and terrorism financing in West Africa, is a member of the Financial Action Task Force (FATF) and as such, GIABA is the FATF Style Regional Body for West Africa (FSRB).

As part of its contribution to the fight against terrorism financing and violent extremism, GIABA sponsored the multi-stakeholder dialogue.

According to GIABA Director General, Mr. Edwin W. Harris Jr., it was in response to the devastating effects of these crimes that the authorities of ECOWAS established GIABA in 2000 as a clear demonstration of their political will to address these challenges within the region and to support the global fight against these vices.

Harris Jr., who was represented by GIABA Country Head in Nigeria, Tim Melaye, said the primary mandate of GIABA is to develop measures to protect the economies of member States from abuse and the laundering of the proceeds of crimes and to strengthen cooperation among its member States.

In addition, GIABA is saddled with the responsibility of assessing member States' compliance with International Anti-Money Laundering and Counter-Terrorist Financing standards.

He said: "Since its establishment, GIABA has taken practical steps to promote the implementation of AML/CFT measures amongst its member States, including supporting the enactment and/or strengthening of AML/CFT legal and regulatory framework; development of National AML/CFT Strategies, national coordination through initiating the establishment of AML/CFT Inter-Ministerial committees; strengthening of Financial Intelligence Units (FIUs); and capacity enhancement of competent authorities and other critical agencies involved in the implementation of AML/CFT laws and policies, through training, mentorship and provision of equipment.

"Other efforts include public awareness and sensitisation on the ills of ML/TF.

The establishment of AML/CFT Information Centres in Lagos and Abidjan and strategic partnerships with civil society and the news media are yet other noble initiatives to promote public awareness, engender public support for regional AML/CFT campaigns, and serve as repositories of relevant information which researchers and the academia could leverage on.

"GIABA has also undertaken several research/ typology studies, including the reports on Trafficking in Small Arms and Light Weapons (SALW); Money Laundering and Insurgency, Study on Tax Fraud and Money Laundering in West Africa: A Human Development Perspective; Typologies of Tax Fraud and Money Laundering, and so on. We have also published mutual evaluation reports of member States, annual reports, etc; which could be valuable to the academic community.

"On a broader context, the leadership of ECOWAS was obviously concerned, and deeply so, about the spate of violence extremism, banditry, and terrorism in the region, thus the need to take a decisive action in addressing the spread across the region.

"From Nigeria, to Mali, to Niger, to Cote d’Ivoire, to Burkina Faso and so on. In 2018, ECOWAS developed a regional framework for counter-terrorism, The initiative was well received and led to the convening of series of experts meetings that brought stakeholders together across the spectrum. The point is to build a structure and find a homegrown (West African) solution that will abate the challenges.

"The outcome was welcomed by both the council of ECOWAS Mediation and Security Council and subsequently, the Authority of Heads of State and Government. At its extraordinary summit in Ouagadougou, Burkina Faso, in 2019 the summit gave strong consideration for the need to adopt the recommendation and take concrete steps. This led to the adoption of Regional Action plan to fight against Terrorism."

He cited the eight adopted priorities as"Strengthening national legal frameworks to prevent and combat terrorism; Enhancing broader security and controls to prevent the movement of terrorists and illicit goods; Strengthening intelligence sharing and cooperation among members States and relevant international organisation; Strengthening the capacity of security agencies to prevent and respond to terrorist threats; and Addressing the conditions that make it conducive to spread terrorism and violent extremism, including poverty, marginalisation, and radicalisation.

Others include Countering the Financing of Terrorism through enhance cooperation with financial institutions and law enforcement agencies;

Strengthening the legal and judicial framework to prosecute and bring terrorists to justice; and

L-R: Hon Solomon Bob, Chairman House Committee on Capital Markets; Spokesperson, House of Representatives, Hon. Akin Rotimi Jr; Executive Director, Civil Society Legislative Advocacy Centre (CISLAC), Head of Transparency International Nigeria, Mr. Auwal MusaRafsanjani; Executive Chairman, EFCC, Mr. Ola Olukoyede; Chairman, ICPC, Dr. Musa Aliyu; Country Head of GIABA in Nigeria, Tim Melaye; and Barrister Muhuyi Magaji Rimingado, Executive Chairman of the Kano State Public Complaints and Anti-corruption

Promoting regional and international cooperation in the fight against terrorism, including through partnerships with the United Nations and other international bodies.

Conclusively, he said it is the desire of GIABA, and indeed ECOWAS to have a safe and peaceful society, where we can all thrive, socially, politically, and economically.

Pledge by ICPC

Going down memory lane, Chairman of Independent Corrupt Practices and Other Related Offences Commission (ICPC), Dr. Musa Adamu Aliyu, SAN, said violent attacks and campaign of terror in North Eastern Nigeria started in 2009 and almost 15 years after, the region is yet to recover.

"Thousands have been killed, properties worth billions destroyed, millions displaced from their ancestral homes, millions of children are out of school, poverty and malnutrition have worsened, etc.

"The devastation caused by this campaign of terror cannot be easily quantified. The overall impact of terrorism has been profound. The process of rebuilding shattered communities and restoring stability will come at a cost but it is a task that must be done," pointed out.

"But, how did this start and how were these violent acts sustained over the years? The answers to these important questions are necessary if we are determined to dismantle the sophisticated networks that manage the illicit financial flows that facilitate the purchase of arms, the recruitment of terrorists, operational logistics, etc. that help to sustain the reign of terror.

"Tackling this intricate problem of terrorism financing is essential, as it is fundamental to crippling the operational capabilities of extremist groups and restoring peace and security to the region. To this end, this meeting could not have come at a better time.

Poverty and illiteracy have been identified as some of the main causes of terrorism in Nigeria.

"These twin ills must be tackled effectively to stop extremism and violent dissent. Bad Governance and corruption have a direct relation with the prevalence of poverty and illiteracy. The ICPC therefore has an active role to play in the prevention and elimination of these vices that create the conditions that allow extremism and terrorism to take root in the society.

"ICPC is fully committed to contributing its expertise and resources to this fight. We are prepared to intensify our efforts in financial oversight, enhance our investigative and prosecutorial capacities, and work closely with all stakeholders to disrupt the financial networks that fuel terrorism.

"Our approach encompasses not only rigorous enforcement but also preventive measures aimed at fostering economic and social development. Through community engagement, educational initiatives, and support for economic empowerment, we aim to address the root causes of extremism, building a resilient foundation for our future.

"The collaboration of every sector represented here is crucial. By combining our strengths, enhancing transparency, and reinforcing regulatory frameworks, we can sever the lifelines that enable

terrorism. Your dedication and relentless efforts in law enforcement, civic engagement, and legislative governance are vital to our collective success.

"As we move forward, let the ICPC’s commitment to this cause be clear — we are ready to stand at the forefront of these efforts, ensuring that our collective actions lead to meaningful and lasting impacts," he vowed.

EFCC’s Follow the Money Trail Focus

In confronting the scourge of terrorism financing that oxygenate the activities of violent organisations such as Boko Haram, ISWAP, and those of Yan Bindiga and Yan Tadda that are on the fringes, the Executive Chairman, Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, said: "For us in the EFCC, like most Nigerians, the concern is on how this crisis continues to defy solutions and fester? How is it that the terrorist groups in the region are able to sustain their operations, acquire more sophisticated weaponry and engage in daring combat with the Nigerian military?

"It would seem that an economy of criminality has developed around terrorism and violent extremism in the region, where actors who are profiting from the chaos do not cherish the return of civil order. How for instance do we explain the activities of supposed Non-Profit Organisations who profess to want to provide succor to the distressed but end up exploiting their misery for financial gains? How do we explain the action of unscrupulous actors who hide under the cover of humanitarian activities to fund terrorist groups? These are issues that we must continue to interrogate.

"The EFCC has had cause to prosecute socalled promoters of Non-Profit Organisation who exploited the desperate conditions in the North-east to profiteer. I am sure many of you are aware of a lady that is called Mama Boko Haram, who at the peak of the insurgency positioned herself as a credible intermediary for the insurgents, but is now in jail for exploiting the distressed citizens of the North east for personal gain.

"Part of the focus of the EFCC in the quest to tackle terrorism and violent extremism in that region is to follow the funds trail of critical actors in the region and cutting off the supply line of illicit funds to known criminal groups. This responsibility has seen the Commission pay more attention to the movement of funds by NPOs in the region, who are now required to make a declaration to the EFCC.

" Indeed the enactment of the Money Laundering( Prevention and Prohibition) Act, 2022 and the Terrorism ( Prevention and Prohibition ) Act, 2022 have strengthened the anti-money laundering and terrorism financing framework, with the Special Control Unit Against Money Laundering, SCUML which is domiciled in the Commission given powers to monitor, supervise, regulate and assess the activities of Designated Non-Financial Businesses and Professions (DNFBPs) and Non-Profit Organisations (NPOs) which are vulnerable to terrorist financing and money laundering in the country."

He charged members of the Civil Society to assist the anti-corruption agencies to tackle illicit financial flows into the region, adding that this calls for peer vigilance and willingness to blow the whistle against renegade civic society actors, just as he noted that citizens' mobilization against terrorism financing and violent extremism in the North-east, is critical.

Legislative Contributions

The legislature were not absent in this dialogue. In his goodwill message, Chairman, House Committee on Civil Society Organisations and Development Partners/Matters Hon. Engr. Victor Obuzor MNSE, DSSRS, Member of the Federal House of Representatives, representing the people of Ahoada-West/

Ogba,Egbema,Ndoni Federal Constituency, Rivers State of Nigeria, said terrorism has led to the difficult security environment that has Internally displaced an estimated two million people in Adamawa, Borno, and Yobe States, and the external displacement of more than 333,000 Nigerian refugees to neighboring countries, principally Cameroon, Chad, and Niger is on record.

He said To effectively combat terrorism, it is of paramount importance to disrupt the flow of funds to these organizations. He however said while cutting off the source of terror financing may not entirely eradicate terrorism, it can significantly impact the frequency and scale of attacks carried out by these groups

“The Nigerian government has made efforts to curb the activities of such groups through legislative measures, utilizing the law as a tool to address these security threats. However, despite these efforts, more needs to be done to effectively sever the various sources of finance available to terrorist organizations in Nigeria. Also speaking, Spokesperson, House of Representatives, Hon. Akin Rotimi Jr; said while terror financing is a global menace that poses a significant threat to security, economic development, and stability in Nigeria, terrorism financing is a pressing concern that demands immediate attention. He however commended the government and security agencies for the role they play to curb the menace, just as he pledged continued support from the legislative.

Spotlight on Human Trafficking-funded Terrorism

Aondoaseer Leonard-Angelo Viashima, Director General – Benue State Bureau for International Cooperation and Developments Unit, who represented the Benue State Governor, Rev. Fr Hyacinth Alia, touched on an angle that was overlooked by all- funding terrorism through human trafficking.

According to him, the stories that come out from cases of terrorism go beyond the norm as it has delved into human trafficking. He pointed out that most of the terrorists also fund their acts of terror by raiding villages and abducting young girls to be sold off afterwards to willing buyers. The proceeds from those sales are now channeled into funding their acts of terror. He charged the relevant authorities to raise the gusto in fighting the hydra-headed monster to a conclusive end.

Multi-Stakeholder Commitments

As expected, commitments were made and they include Deliberate tracking of funds trail of critical actors in the region and cutting off the supply line of illicit funds to known criminal groups, to tackle terrorism financing and violent extremism in the North East.; Whistle-blower protection and data security to encourage timely reporting of threat signals and elicit appropriate and coordinated response; Strengthening community surveillance system and collaboration through proactive approach and local initiative to identify and de-escalate threats to sensitisation process and de-radicalisation effort; and enhancing collaboration between Civil Society and Anti-Corruption Agencies through combined strengths, enhanced transparency, and reinforced regulatory frameworks.

Others include Relentless efforts in Civil Society advocacy towards law enforcement, civic engagement, and legislative governance for enhanced accountability and positive orientation, required to effectively tackle illicit financial flows, and disrupt the financial networks that fuel terrorism in the North East; Strengthening capacity of anti-corruption agencies to build institutionalised expertise and resources in financial oversight, enhance investigation and prosecution; and Building synergy among government agencies, civil society organizations, religious leaders, educators, law enforcement, and other stakeholders for verifiable and timely information-sharing essential for identifying and addressing emerging threats, implementing targeted interventions, and maximizing resources.

Also, Restoring community trust in counterterrorism efforts by relevant agencies through improved recruitment and promotion standards for high operational and response efficiency; Enhancing security and surveillance across national borders to prevent infiltration of small arms and light weapons and counter sources of funding for terrorism and violent extremism; Activating functional Legislative Constituency Offices across the country to facilitate proactive reporting of threat signals and timely response; Mainstreaming the Traditional Institutions, Religious/Community Leaders, women/youth-led Associations in community mobilisation against terrorism and terrorism financing, to elicit inclusiveness, trust, ownership and sustainability; Integrating the gatekeeping system led by key actors at community levels to support efficient information gathering and accurate reporting process that facilitate Early Response mechanisms; and Promoting comprehensive and inclusive regulation of social media giving cognisance to human rights as a proactive measure to de-escalate tension and violent extremism.

Segun Ajayi; and Admin Officer, Obijackson Foundation, Audrey Isah, when Nestoil and Obijackson Founder, Dr. Ernest Azudialu-Obiejesi, and his wife, Mrs. Nnenna Azudialu-Obiejesi, were honoured with the Excellence in Leadership Humanitarian Award at the HFH Gala/Fund Raising event held in Lagos…recently

L-R: Member of the Ijebu Boys Association, Olusegun Ashaye; Publisher of Obanta Newsday, Mr. Gbenga Aroyewun; Special Guest and Managing Director of PetroOrganico Nigeria Limited, Otunba Kunle Ogunade; Special Guest of Honour/ Vice Chairman, Eko Hospital (Eko Corps Plc), the Olorogun and Ogbeni Oja of Ijebu land, Dr. Sunny Kuku; Socio-political Researcher, Professor Bankole Okuwa; President of Ijebu Boys Association, Mr. Olagbuyi Oduniyi; and other members of the association, Omoba Adetola Odusote and Otunba Niyi Awonaike, at the opening ceremony of the fifth annual Ijebu Boys Association Free Medical Outreach in Ijebu Ode, Ogun State...recently

L-R: Chief of Staff, Nestoil Group, Nnaji Igwe; Team Lead, Corporate Communications, Nestoil Group, Pam Osanakpo; Executive Director, Obijackson Foundation, Pam Egbo; Founder, Hearts for Humanity (HFH), Dr.

L-R: Head, Treasury and Investment, FBNQuest Trustees Limited, Yosola Odunaiya; Regional Head, FBNQuest Trustees Limited, Abimbola Ajinibi; Private Trust Specialist, FBNQuest Trustees Limited, Mutiat Olatunji; Head of Marketing and Business Development, FBNQuest Trustees Limited, Babajide Fetuga; Private Trust Specialist, FBNQuest Trustees Limited, Thelma Jiakponna; and Head, Private Trust, FBNQuest Trustees Limited, Rotimi Obende, at the Estate Planning Conference held in Ibadan, Oyo State...recently

L-R: Founder and Editorial Director, Africa Interviews, Sam Umokoro; Executive Director and Chief Financial Officer, Providus Bank, Deoye Ojuroye; Director, External Affairs and Social Performance, Seplat Energy, Chioma Afe; and Director, Corporate Communications and CSR, Airtel Nigeria, Femi Adeniran, during the inaugural Africa Interviews Sustainability Forum, held at the Federal Palace Hotel and Casino, Lagos...recently

L-R: Councillor in charge of women and children at Apomu in Isokan Local Government Area of Osun State, Chief Taibat Raufu; Founder, African Women Foundation for Nation Building (WINBAFRICA), Dr. Bukola Jaiyesimi; Queen of Apomu Kingdom, Olori Janet Afolabi, and lya Oloja of Apomu, Chief Falilat Bello, during the launch of ‘Project Feed a Child in Need, (FACIN), organised by Olori Janet Afolabi Foundation to mark Children’s Day celebration in Apomu, Osun State...recently

L-R: Third place short-story winner, Ms. Ifeanyi Omeife; founder, Bethesda Child Support Agency, Mrs. Nkoyo Rapu; founder, GearShift Africa, Mrs. Nwamaka Okoye; and second place short-story winner, Ms. Chiamaka Obinna-Chukwu, at the Nwamaka Okoye Literature Prize presentation ceremony and the launch of ‘Coming of Age’, a coffee table book, in Lagos…recently

Minimum Wage: Between Economic Reality and Uncurbed Emotions

Emmanuel Addeh writes that although every Nigerian worker is entitled to a living wage, the principles of fairness and reasonableness in negotiations must not be sacrificed on the altar of emotions.

A Background

To be sure, the agitation by Nigerian workers for wage increment is not recent. Indeed, one historical review of wage determination traces it to the first wage commission of 1934, better known as the Hunt committee.

While the periodic call for higher wages by organised labour is a global phenomenon, the way and manner each country’s workforce decides to go about pushing for their rights also matter.

Five years ago, the Muhammadu Buhari administration passed the National Minimum Wage Act of 2019, which laid the legal framework for periodic reviews of the minimum wage every five years.

That deal between the government and organised labour set the minimum wage at N30,000, which at the time was a substantial increase from the previous N18,000 established in 2011.

With significant shifts in major economic indices, especially rising inflation, occasioned by ongoing economic reforms, organised labour represented by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) began fresh calls for a review of the minimum wage.

So, on January 30, 2024, President Bola Tinubu appointed a 37-member panel to recommend a new national minimum wage for the country. Members of the panel were made up of persons from the federal and state governments, private sector as well as organised labour, including governors, ministers, labour leaders, among others.

Since then, negotiations have been on, with organised labour first proposing over N600,000 and pushing ahead with the logic that the current minimum wage of N30,000 had since been eroded by inflation.

Economics of Wage Increase

There is no doubt that the current economic reforms, including the removal of subsidy, the ‘floating’ of the Naira and recently the hike in electricity tariff for Band ‘A’ consumers, especially as relating to business organisations, have impacted the general prices of goods and services.

Generally, wage increases result in higher salaries, allowances, social contributions, and benefits, contributing to the total personnel costs. For instance, personnel costs steadily increased over the five years from 2018 to 2022, rising from approximately N1.4 trillion in 2018 to about N1.8 trillion in 2022.

In a situation where an increase in wages does not match productivity, the impact of a raise could even be more problematic for the general wellbeing of the worker and the country than the challenge it was meant to solve.

Many Nigerians have called for caution on the part of the organised labour so as not to allow the entire building called Nigeria fall on everybody living under it. That is what the eternal argument by organised labour that if those at the top echelon of government are being ostentatious, then labour will join the fray portrays .

While wage increase, especially the one done reasonably, rather than the spur of emotions, may have its positive economic impacts, including workers’ motivation, doing so without considering the economic realities, is likely to take its toll on the entire economy, doing more harm than good.

Inflation will worsen, Small and Medium-scale Businesses (SMEs), which cannot afford the new threshold will fold up, the cost of doing business will skyrocket and this will come with inevitable job cuts. So, there’s a need for a delicate balance. Already, many of the companies are struggling with paying the existing minimum wage, given the rise in the cost of doing business. Interest on loans is over 40 per cent. In addition, the cost of raw materials has skyrocketed. By the way, experts have argued that productivity should be one of the bases for wage increases. Mention this and Nigerian civil servants will simply exit the chat room.

There have been arguments as to whether wage increase will necessarily lead to a higher inflation rate, but then Nigerians do not need to look at the experiences of other nations. When government accepted the Udoji commission in 1974, price levels skyrocketed. And that was even before government began its implementation.

OPS Agrees on N60,000 Wage

The

the course of negotiations agreed to N60,000, a 100 per cent rise in wages, after due consultation with many sectoral/industrial employers’ associations. It has also made it clear that productivity, competence, qualification and other indices should play a critical role in determining wage or salary increase.

If everyone agrees that the private sector is the biggest employer of labour, then that is enough to end the argument about an unsustainable wage increase. NECA’s Director General, Adewale-Smatt Oyerinde, warned that insisting on an unrealistic minimum wage could collapse organised businesses, causing massive job losses.

He urged representatives of organised labour to embrace the government’s proposed new minimum wage or be prepared to serve as the undertaker of businesses by insisting on N250, 000 to N400,000 as minimum wage.

The NECA DG said: “The circumstances and situation of the organised businesses have not improved significantly to accommodate the 90 (now 100 per cent) per cent increase the OPS offered.”

Oyerinde urged the wage negotiation committee to prioritise job creation and job security in view of the prevailing worrisome and increasing rate of unemployment in Nigeria. He added that productivity should be the key driver of higher wages.

“With organised businesses declaring over N1 trillion in combined losses and many shutting down their businesses for different reasons, while others are relocating to other climes, it will be practically impossible to guarantee enterprise sustainability and job security with the current demands of organised labour,” he added.

Also, the Director General of the Manufacturers Association of Nigeria (MAN), Mr. Segun AjayiKadir, has thrown the weight of the organisation behind the federal government on the about N60,000 minimum wage proposal, which was rejected by the labour unions.

Ajayi-Kadir explained that the economic environment has been challenging for both labour and private businesses, making it impossible for them to pay the wage the labour union is demanding.

He said the organised private sector concurred with the federal government that the new minimum wage should be N60,000.

The MAN president explained that the ongoing negotiations between the government and the private sector with labour are not about a living wage, but a minimum wage—the lowest amount that can be paid to any worker in the country.

FG’s Non-monetary Incentives

Government has argued that beyond the N62,000.00 per month it is offering, there are non-monetary incentives which include a recent N35,000 wage

award for all treasury-paid federal workers, N100 billion naira for the procurement of CNG-fuelled busses and CNG conversion kits.

Also, it listed N125-billion conditional grant and financial inclusion to small and medium companies, N25,000 each to be shared to 15 million households for three months, N185 billion palliatives (loans to states) to cushion the effects of fuel subsidy removal, N200 billion to support the cultivation of hectares of land to boost food production.

Besides, it enumerated the N75 billion naira to strengthen the manufacturing sector, student loans for higher education, release of 42,000 metric tons of grains from strategic reserves as well as purchase and onward distribution of 60,000 metric tons of rice from the rice millers association.

In addition, government highlighted the recent salary increase of 25 to 35 per cent on all consolidated salary structures for federal workers, 90 per cent subsidy on health costs for federal civil servants registered on National Health Insurance Scheme (NHIS) as well as the light rail commissioned in Abuja to relieve transportation cost till the end of the year. Government also reiterated the freedom of civil servants to engage in agriculture, stressing that the federal government had further approved the inclusion of ICT services for alternate sources of income.

Views from Home

One of Nigeria’s most renowned economists, Biodun Adedipe, urged the organised labour to put into consideration the economic implications of the 494,000, now N250,000 new minimum wage demand, labelling it as unproductive and unrealistic.

Speaking with Arise News Channel, he said: “What the Labour is asking is unproductive and unrealistic. It doesn’t pay any of the parties involved, that is the government, private sector and even the labour that is supposed to be a beneficiary of whatever any of these actors or agents do on a daily basis.

“If we look at what the labour is asking for, which is N494,000 as minimum, if you work out the numbers with 1.2 million workers, that gives you a figure of about N5.48 million per person, when you multiply by 1.2 million people, you are looking at an annual figure of about N7.114 trillion. But that is basic and when you factor in the allowances, you are looking at N9.5 trillion,” he said.

Adedipe also warned of potential job losses and economic instability akin to the 1994-1995 period. He therefore urged a balanced approach to the wage negotiations to mitigate adverse economic effects.

“Allowances are heavier in the private sector, in the public sector, allowances are roughly 30 per cent of the basic which accounts for the difference between N7.1 trillion and N9.5 trillion as the government

said, which means the issue of affordability becomes very heavy when you consider it,” he stressed. He argued that there was a need to consider the implications of pushing the figure so high.

Besides, a former Director General of the Voice of Nigeria (VON), Osita Okechukwu, while acknowledging that workers are currently facing some hardship, cautioned against crashing the economy.

“I’m saying that if we push more cash into the economy, we are told in primary economics lessons that if much cash is chasing few goods, it will lead to low purchasing power parity. And the same workers that labour is advocating would get poorer, and there will be an increase in hunger.

“We already have a stagflation, an economy that is stagnant, an economy ravaged by inflation. And then you are advocating for N200,000 to 400,000. When you have that, it will lead to a cost-pull to the same stagnant inflation.

“So the wealth of the labourers, or the wages of the labourers that is increased, will not be meaningful to the Nigerian workers. And I’m saying that I’ve looked into what the federal government is offering. And the private sector agreed to that, that they said is N60,000 as minimum wage

“And they also said they are working diligently to provide transportation. And they are also trying to push more money into agriculture. They are also trying to push more money into medium and small-scale enterprises. And they are also maintaining some of the freebies they are giving to alleviate the suffering of the people,” he argued.

Status of Negotiations

At the weekend, the Tripartite Committee on Minimum Wage, stated that having critically examined the issue using all necessary parameters, and having applied the social, economic and political considerations, as well as relevant International Labour Congress (ILO) Conventions and international best practices, it agreed that there was the need for an upward review of the present national minimum wage.

In view of the above, it invited the president to note that the committee adopted the motion proposing N62,000 per month as a new national minimum wage, having considered all other factors.

“The committee hereby presents N62,000 per month as agreed by government and organised private sector with policy incentives and other conditions made by states and the organised private sector,” it noted. However, it stressed that organised labour was insisting on N250,000.00 per month as new national minimum wage for consideration. As negotiations continue, it is only right that labour presents its case in alignment with Nigeria’s economic realities.

Organised Private Sector, led by Nigeria Employees Consultative Association (NECA), has in

President Bola Tinubu

NLC President, Joe Ajaero

PENGASSAN President, Festus Osifo

A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return. An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the

floor of the Nigerian Stock Exchange. A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg. Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.

GUIDE TO DATA:

Date: All fund prices are quoted in Naira

DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS

BUSINESS WORLD

Emmanuel Addeh in Abuja

Nigeria’s crude oil production made significant recovery in the first quarter of 2024, with the country raising its export of the commodity by 50.2 per cent to N15.4 trillion during the period.

Latest figures from the National Bureau of Statistics (NBS) showed that the value of the country’s sales of crude oil to other nations rose from N10.3 trillion in Q4, 2023 to a cumulative N15.4 trillion in Q1, 2024.

The earning was also far better than what Nigeria received from oil sales in Q3, 2023, which was N8.5 trillion as well as the export value in Q2, which was N5 trillion. It

also showed that the country exported N4.9 trillion crude oil in Q1, 2023, markedly lower than the revenue the country raked in during the quarter under review.

A breakdown of the Q1, 2024 export data indicated that in January alone, Nigeria sold N5.2 trillion worth of oil, higher than all its export value for Q1, 2023, increasing it to N5.4 trillion in February, but with a marginal fall to N4.8 trillion in March of this year.

“Crude oil exports in Q1, 2024 were valued at N15,486.63 billion, a rise of 50.20 per cent from N10,310.70 billion in Q4, 2023 and by 200.79 per cent from N5,148.58 billion in Q1, 2023,” the data showed.

According to the NBS report,

and the United States Department of State.

Top development organisations have pledged to forge partnerships to expand the Vision for Adapted Crops and Soils (VACS) that would build resilient African food systems based on diverse, nutritious, and climate-adapted crops grown in healthy soils.

These organisations are the African Union (AU), African Development Bank (AfDB), International Fund for Agricultural Development (IFAD), CGIAR centers

They made the pledge recently at the sidelines of the African Fertilizer and Soil Health Summit in Nairobi where they called on African countries to join the VACS strategic partnership by aligning with the AfDB’s flagship initiative known as Technologies for African Agricultural Transformation (TAAT).

The VACS would target five of TAAT’s priority crops, namely cassava, orange-fleshed sweet potato, sorghum, millet and high-iron

other oil product exports in Q1, 2024, stood at N1,901.88 billion, showing an increase of 47.70 per cent from N1,287.65 billion in Q4, 2023 and a 177.17 per cent rise from N686.17 billion in Q1, 2023.

For about four years, Nigeria has been unable to meet its Organisation of Petroleum Exporting Countries (OPEC) production quota, but had since the last quarter of 2024 begun a slow recovery.

However, in March, the last month in Q1, production declined markedly to 1.23 million barrels per day, blighting a trend that had given Nigeria hope of meeting its local and international crude supply obligation.

In April, the Minister of State for Petroleum Resources, Senator

beans, which the U.S. Department of State, the African Union (AU), and the United Nations Food and Agriculture Organisation (FAO) launched in February 2023.

The AfDB Group Vice President, Dr. Beth Dunford, said: “I am excited to see how the bank through its TAAT initiative, the United States Department of State, the African Union, International Fund for Agricultural Development (IFAD) and CGIAR centers are developing a relationship to advance the work of VACS, also Feed the Future and

Heineken Lokpobiri, attributed the low crude oil production during the previous month, to issues with the Trans-Niger Pipeline (TNP) and maintenance activities by some oil companies.

Furthermore, the minister noted that the federal government was working on policies geared towards maximising the use of all available wells across the country in a bid to generate revenue to meet budget expenses and foreign exchange to stabilise the FX market.

In Q1, 2024, the top trading export partners for Nigeria were France, Spain, the Netherlands, India, and the United States of America. The most exported commodities included crude oil, liquefied natural gas, sesamum

the African Union Fertilizer and Soil Health Action Plan, and the Soil Initiative for Africa.”

He added: “Working together under the umbrella of this plan embodies the aspirations and priorities of African nations in building a prosperous, food-secure future.”

The TAAT, which is part of the AfDB’s Feed Africa Strategy, would deliver heat-tolerant, droughtresistant and other climate-smart certified seeds to millions of Africa’s smallholder farmers, with

seeds and urea.

Besides, solid mineral exports in Q1, 2024 were valued at N63.41 billion, marking a 76.77 per cent increase from N35.87 billion in Q4, 2023 and a 143.69 per cent rise from N26.02 billion in Q1, 2023.

The data revealed that export accounted for 60.25 per cent of total trade in the reviewed quarter with a value of N19,167.36 billion, showing an increase of 51.00 per cent compared to the value recorded in Q4, 2023, that is, N12,693.62 and by 195.47 per cent over the value recorded in the first quarter of 2023, that is, N6,487.04 billion.

“Exports trade in the first quarter of 2024 was dominated by crude oil exports valued at

the goal to produce 120 million additional tons of food in Africa and lift 130 million people out of poverty while the African Union Commission-mandated Soil Initiative for Africa (SIfA) is a framework effort to systematically improve Africa’s soil health and productivity.

The U.S. Special Envoy for Food Security, Dr. Cary Fowler, said: “a Soil Initiative for Africa statement captures the urgency of the situation we face in Africa very well: ‘Since 2000 only 25 per cent of Sub-Saharan Africa’s agricultural

15,486.63 billion, representing 80.80 per cent of total exports while the value of non-crude oil exports stood at N3,680.73 billion accounting for 19.20 per cent of total exports: of which non-oil products contributed N1,778.85 billion or 9.28 per cent of total exports,” NBS said In the first quarter of 2024, China ranked highest among the top trading partners on the import side, followed by India, the United States of America, Belgium, and The Netherlands. The most traded commodities were motor spirit (ordinary), other liquefied petroleum gases, gaseous hydrocarbons, among others.

production growth came from crop yield improvement, while 75 per cent resulted from expansion area under cropland.’ Clearly that’s not sustainable.

“The African Union’s Fertilizer and Soil Health Action Plan notes, ‘projections suggest that more than half of the currently arable land may be unusable by 2050’ – if that doesn’t concentrate our attention, I’m not sure what will.”

Dike Onwu Amaeze

FG Launches National Diary Policy to Attain Self-sufficiency

Dike Onwuamaeze

The federal government has launched the National Dairy Policy (NDP) 2023- 2028 that would guide both public and private sectors’ investments in the Nigerian dairy industry for the attainment of selfsufficiency in milk production and global competitiveness.

The official unveiling of the NAP’s document was performed by the Vice President Kashim Shettima at the NAF Conference Centre, in Abuja, as part of the activities that marked the 2024 World Milk Day with the theme “Harnessing the Nutrition and Investment Opportunities in a Sustainable Dairy Value Chain.”

Shettima, who was represented by the Senior Special Assistant to the President (Agribusiness and productivity Enhancement), Dr. Kingsley Uzoma, stated that the objective of the federal government in launching the NAP is to

transform the dairy industry in Nigeria by addressing key obstacles such as the lack of modern global best practices for cross-breeding and calving, midstream challenges, amongst others.

He said: “Currently, Nigeria spends $1.5 billion annually on importing dairy products due to a production deficit, Nigerians consume an average of 1.6 billion liters of milk and its products, but domestic production is insufficient to meet this demand.”

Shettima reiterated that President Bola Ahmed Tinubu’s administration is determined to achieve national production security, with the longer term goal of exporting dairy products to other African countries under the African Continental Free Trade Agreement (AfCFTA).

Speaking during the unveiling of the policy, the Minister of State for Agriculture and Food Security, Senator Aliyu Abdullahi, said that the NAP

2023-2028 is not the first time Nigeria would be launching a dairy policy.

He discussed the evolution of the dairy industry framework, noting that the Dairy Transformation Plan and

the National Industry Policy were key outcomes of the 2016 maiden Livestock and Dairy Retreat.

The Director of Animal Husbandry Services, Mrs. Winnie Lai-Solarin, provided

a historical overview of Nigeria’s dairy industry, tracing its practices back to the 19th century with Fulani pastoralists and other ethnic groups. She also discussed current

challenges and opportunities, such as improving access to finance, technology, and training for smallholder farmers, and infrastructure development for milk collection.

IEA: Global Spending on Clean Energy Infrastructure to Hit $2tn in 2024

Stories by Emmanuel Addeh in Abuja

Global spending on clean energy technologies and infrastructure is on track to hit $2 trillion in 2024 even as higher financing costs hinder new projects, notably in emerging and developing economies, a new report by the International Energy Agency (IEA), has stated.

chains and lower costs for clean technologies.

Total energy investment worldwide is expected to exceed $3 trillion in 2024 for the first time, with some $2 trillion set to go toward clean technologies – including renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps.

in renewable power and grids overtook the amount spent on fossil fuels for the first time, the report showed.

Earnings

Savannah Announces 23,600bpd Oil Production, $260.9m

Savannah Energy Plc, a British independent energy company operating in Nigeria has announced its performance for last year, with its production total revenues as at December 31 2023 standing at $260.9 million, 11 per cent ahead of previously issued guidance of greater than $235 million.

The company, which focused on delivery of its Projects that Matter, also indicated in its audited results for the year ended 31 December 2023 that its average gross daily production was 23,600 barrels per day (bpd).

In a statement, the operator said this was broadly in line with the full year (FY) 2022 production on a like-for-like basis when adjusted for a planned maintenance programme.

Likewise, Savannah informed that its operating and administrative expenses for the year came to $68.8 million, 8 per cent below previous guidance of up to $75 million, with its capital expenditure at $13 million, well below the previously issued guidance of

up to $30 million.

The company also maintained its strong safety record in 2023, with a zero Lost Time Injury (LTI) rate.

The report further showed a continued increase in customer diversification in Nigeria with gas sold to nine customers, and a number of new and extended sales agreements signed, totalling up to 101 million standard cubic feet per day (MMscfpd).

It said the performance also included an average realised sales price of $4.51/Mscfe, representing an over 9 per cent increase on the previous year’s average realised price of $4.14/Mscfe.

However, during the FY 2023, the company signed an agreement with Amalgamated Oil Company Nigeria Limited to purchase up to 20 MMscfpd of gas over the course of the next 10 years for onward sale to its gas customers, providing a commercial route to market for third-party stranded gas resources via its c. 260km pipeline network.

nI ger IA’ S Cr UD e oIL e x P or T rIS e S over 50%, H ITS $15.4 T n I n Q1

During the first quarter of 2024, total imports were valued at N12.643.23 billion accounting for 39.75 per cent of total trade. Using the Standard International Trade Classification, the top-ranked group import was “mineral fuels” with N4,436.59 billion, representing 35.09 per cent of total imports. This was followed by machinery and transport equipment with N3,170.35 billion (25.08 per cent of total imports) and chemicals & related products with N1.786.43 billion (14.13 per cent of total imports).

In Q1, 2024, Export values to African countries stood at

N2,236.82 billion, while Imports amounted to N401.83 billion. Nigeria’s exported products in Africa mainly to South Africa (N957.06 billion), Ivory Coast (N744.59 billion), Senegal Republic (N361.29 billion), Benin rep. (N55.67 billion) and Togo (N38.01 billion). representing 96.41 per cent of exports to Africa.

In the same vein, the major importing partners were South Africa with goods valued at N97.33billion and Ivory Coast with N51.41 billion other importing countries are Togo with N40.86 billion, Egypt with N40.23 billion and Morocco with N30.07 billion.

Despite pressures on financing, global investment in clean energy is set to reach almost double the amount going to fossil fuels this year, it said, helped by improving supply

The annual World Energy Investment report, said that the remainder, slightly over $1 trillion, is going to coal, gas and oil.

In 2023, combined investment

The new report warned, however, that there are still major imbalances and shortfalls in energy investment flows in many parts of the world, highlighting the low level of clean energy spending in emerging and developing economies (outside China), which is set to exceed $300 billion for the first time – led by India and Brazil.

“Yet, this accounts for only about 15 per cent of global

clean energy investment, far below what is required to meet growing energy demand in many of these countries, where the high cost of capital is holding back the development of new projects.

“Clean energy investment is setting new records even in challenging economic conditions, highlighting the momentum behind the new global energy economy. For every dollar going to fossil fuels today, almost two dollars are invested in clean energy,” said IEA Executive Director Fatih Birol.

Dangiwa: FG’s Urban Renewal Projects Will Improve Living Conditions

Minister of Housing and Urban Development Ahmed Dangiwa, has stated that the planned slums upgrade and urban renewal projects will have significant impact on the lives and living conditions of Nigerians.

He listed housing upgrade, sanitation, environmental protection, agricultural support, boreholes and solar powered streetlights among others, as projects that will enhance aesthetics and functional spaces, as well as impact the economy.

Earlier, the Chairman of the House of Representatives Committee on Urban Development and Regional Planning, Hon. Abiante Awaji, said the committee was in the ministry to fulfil its critical part of its oversight mandate.

He stated that this was meant to assess performance, establish effective utilisation of resources and identify challenges with a view to ensuring service delivery that would impact the lives of the Nigerian citizens.

CNG: Energy Marketers Call for Best Safety Practices

Stories by Peter Uzoho

The Major Energies Marketers Association of Nigeria (MEMAN) has urged the retailers of Compressed Natural Gas (CNG) and the public to embrace best safety practices in the sale and use of the product.

This is as the federal government steps up efforts in the introduction and adoption of CNG as an alternative energy source to reduce the patronage of expensive fuels.

Stakeholders and professionals under the umbrella of the Nigerian Gas Association (NGA) have reaffirmed their commitment towards unlocking the untapped potential in the nation’s abundant natural gas resources through continuous advocacy and robust initiatives.

The association observed that with over 209 trillion cubic feet (tcf) of proven gas natural reserve and over 600tcf unproven reserve, Nigeria is hugely blessed with resources of immense value, which should be harnessed to improve the nation’s socio-economic status.

President of NGA, Mr. Akachukwu Nwokedi, stated

MEMAN made the call during its Competency Centre Workshop Series tagged, “Enhancing Operational Safety in Nigeria’s Retail Compressed Natural Gas Sector.”

Chairman of MEMAN and Managing Director of NNPC Retail Limited, Mr. Huub Stokman, underscored the importance of the association’s Competence Centre in supporting the entire downstream oil and gas industry in the country.

“We are talking about CNG

this in Lagos at the unveiling of the association’s 25th anniversary logo, pointing out that the body had been at the forefront of driving progressive advocacy and shaping the landscape of Nigeria’s gas sector.

A chartered member of the International Gas Union (IGU), Nwokedi said the association was founded in 1999 by industry giants including the then Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company Limited (SPDC), Nigeria Liquefied Natural Gas Limited (NLNG), Chevron Nigeria Limited, Nigerian

today. It’s important to realise that we’ve been on this journey for a long time. Nigeria, known as the eighth-largest gas province in the world, has extensive experience with Liquefied Petroleum Gas (LPG), which is a crucial part of our energy mix. As we introduce CNG to the public, it’s essential to ensure it is done correctly and safely”, Stokman said.

Contributing, Programme Director and Chief Executive of the Presidential CNG Initiative (PCNGI), Michael

Gas Company (NGC), among others, the NGA said it has evolved into a diverse and formidable not-for profit organisation.

He revealed that with over 200 corporate and 3,000 individual members, the association remained steadfast in its vision to improve the nation’s economy, by unlocking the latent potential in Nigeria’s abundant natural gas reserves.

He noted that over the past two decades, the group had left an indelible mark on the gas industry both in Nigeria and at the international scene.

“NGA’s influence can be seen in its focused advocacy

Oluwagbemi, described CNG as “the gas and fuel of the future for the transportation and power sectors.”

He noted the Nigerian government’s commitment to transitioning to cleaner, safer, and more reliable fuel options under the leadership of President Bola Tinubu.

Oluwagbemi acknowledged concerns regarding the safety of CNG, given its high-pressure storage requirements, assuring Nigerians of its safety.

on, and input into industrychanging gas policies together with its capacity building initiatives driven through its several learning programmes.

“These achievements have reinforced natural gas as a unique resource for Nigeria and demonstrated the NGA’s commitment to creating transformative change across various sectors of the Nigerian economy”, Nwokedi stated.

The president explained that the silver jubilee logo symbolised the core of NGA’s advocacy for the adoption of gas as the principal energy resource to drive Nigeria’s economy.

Ending PayTV Monopoly: A Clarion Call to Mike Adenuga

Chidiebere Nwobodo

“Monopolies are bad because people get bad service for high prices. Competition is good because people get good service for competitive prices.” — Timothy C. Draper

Over three decades ago, satellite television arrived the shores of Nigeria. Before then, many Nigerians were limited to terrestrial television services. The shift from terrestrial TV to satellite gave Nigerians, especially lovers of sports, entertainment and news, better option of quality of service.

Satellite TV, alias PayTV, began as an elite thing exclusively reserved for the rich and upper middle class, before gradually cascading to the masses. A similar experience with the arrival of mobile telephony services in the country known as GSM, but the only difference is that the pioneer PayTV company, MultiChoice, came into Nigeria from South Africa more than five years ahead of legacy mobile operators—MTN and Airtel (then Econet).

While MultiChoice, owners of DSTV and GOTV, started penetrating PayTV market at the speed of light, MTN and Econet (Airtel) were doing same in the mobile telephony market. Two years after advent of GSM in the country, while Nigerians were rapidly embracing the services, SIM cards were still being sold for above N30,000 each.

Calls were being made at N50 per minute. Per Second Billing system was not an option. Every appeal to these legacy operators to reduce prices of their SIM cards and consider per Second Billing system, fell on deaf ears. Soon, it was clear to Nigerians that the companies had form a duopoly, holding grip on the mobile telephony market.

Similarly, MultiChoice had become behemoth in the PayTV industry in Nigeria, having monopolistic dominance. Telecom sector had two companies’ rule—duopoly, while MultiChoice monopolized the PayTV business. The hopes of Nigerians to acquire mobile lines became forlorn, because of its exorbitant prices made possible by oligopolistic tendencies in the industry.

In 2003, there was a seismic shift in the GSM market, Globacom quaked the industry. Chief Mike Adenuga, Jr., leaving his comfort zones in the oil, and gas and banking hemispheres, showed interest in the telecom industry. Glo was launched. The yoke of duopoly was broken. The first indigenous mobile operator became the disruptor. The impossible became possible. Price of SIM cards was crashed. The Per a Second Billing (PSB), the legacy mobile operators said was not feasible was introduced by Globacom. Other mobile operators had no option than to crash their own prices; joined the bandwagon of Per a Second Billing, as a result of fear of being run out of the industry by “bullish” Globacom that ignited a bullish run in the sector.

The arrival of Glo in the GSM market brought unprecedented competition in the industry. Like Timothy C. Draper postulated in the opening quote of this piece, it became conspicuous to Nigerians that: “Monopolies are bad because people get bad service for high prices. Competition is good because people get good service for competitive prices.”

Over two decades of mobile telephony in the country, we leapfrog from paltry 4000 active

phone lives in 2001, to over 100 million in 2024. Despite challenging operating environment in the nation, Nigerians have come to take cheap GSM services for granted because it was made possible by healthy competition provided by Globacom led by Dr. Mike Adenuga, Jr. In the PayTV industry, the story is not pleasant. While MultiChoice has done a lot to provide satellite television services to millions of its customers across the country and beyond, its monopolistic nature is no longer golden for millions of Nigerians yearning for a strong competitor in the PayTV market.

Like legacy mobile operators argued in the GSM market before Glo threw its heart in the ring, MultiChoice has stock to its guns that Pay-as-You-View is not possible in Nigeria as obtained in other climes. It has remained adamant in its dogmatic position because of two factors—weak regulations and absence of a strong competition.

Pay-as-You-View in the satellite television services is closely related to Per a Second Billing in the mobile telephony services. If not that Glo disrupted the GSM industry, Nigeria would be making calls at Per a Minute rate of N150, instead of Per a Second that we have today, even at a much cheaper rate. Prices of SIM cards would have gone up from N30,000 in 2001 to about N120,000, today, instead it nosedived. These projections might sound mythical

“While Glo has online streaming app called GloTV, looking in the direction of satellite television is not out of place, especially in the interest of Nigerians clamoring for strong competition. I am sure that Dr. Mike Adenuga, Jr., even at the age of 70 plus, like a typical “The Bull”, still has the strength of character, power of ideas and financial stamina to untie the monopoly in the PayTV market.”

“The love for foreign sporting activities, entertainment programs and news, which satellite TV provides, has made Nigerian consumers helplessly beholding to monopolistic service provider. The failure of our regulatory institutions has made subscribers more vulnerable to incessant hike in tariffs in the industry.”

launch operation; raising the hopes of Nigerians, before you could say Jack; it has disappeared into thin air.

As a disgruntled subscriber to PayTV services with limited option because of strangulating monopoly, on behalf of other Nigerians, are yearning for a strong competition in the industry. I want to use this medium to passionately appeal to Dr. Mike Adenuga, Jr. to please consider investing in PayTV market.

and unrealistic, but the legacy mobile operators would had given similar reasons MultiChoice is giving today, like: “high cost of operations, exchange rate crisis, etcetera”, to continuously hike GSM charges. For instance, MultiChoice’s decoders Nigerians began purchasing less than N7,000 when it debuted in the country around 1995, is over N100,000 today.

In the last three years, MultiChoice has arbitrarily jacked up its tariffs more than five times, citing inflation and naira devaluation. Sadly, the quality of its contents has not really improved. It is still the same story of recycling of stale programs. As at today, the PayTV giant is not even considering Pay-as-You-View, to give customers commensurate value for their money.

In electricity sector, estimated billing system, which is equivalent to what MultiChoice is offering today in PayTV, has become outdated. Pre-paid metering system has empowered customers to determine consumption rate and evaluate value for power consumed. In the face of epileptic electricity supply in the country, it does not make economic sense for MultiChoice to continue with its current payment system.

Come to think of it, even Nigerians on Band A cannot boost of twenty hours of power supply. About seventy percent of DSTV/GOTV customers watch TV mainly in the evening and weekends. Where is the value for monthly payment system?

Supposed regulators of PayTV services in the country have left customers in the winter cold. We are now at the mercy of monopolistic service provider.

In the past, some indigenous companies in the satellite television market tried to provide an enviable options to Nigerians but could not measure up to the South African legacy investor, MultiChoice. It has been one pathetic story of failure one after another and series of bankruptcies after few years of operations.

From HiTV to TSTV to recently, SLTV, none of the indigenous companies has been able to break the monopoly in the market, mainly for reasons ranging from lack of technical capacity, deep pocket and media savvy, etcetera, respectively. Longevity is always the challenge. A new PayTV will

It is not only a clarion call but patriotic prayer to an entrepreneurial Icon who has demonstrated ingenuity in taking on behemoths and dismantling monopolistic tendencies as demonstrated with Globacom Limited in the last two decades of its establishment.

While Glo has online streaming app called GloTV, looking in the direction of satellite television is not out of place, especially in the interest of Nigerians clamoring for strong competition. I am sure that Dr. Mike Adenuga, Jr., even at the age of 70 plus, like a typical “The Bull”, still has the strength of character, power of ideas and financial stamina to untie the monopoly in the PayTV market.

The love for foreign sporting activities, entertainment programs and news, which satellite TV provides, has made Nigerian consumers helplessly beholding to monopolistic service provider. The failure of our regulatory institutions has made subscribers more vulnerable to incessant hike in tariffs in the industry.

Even Nigerian courts and tribunals have become toothless bulldogs in the face of crippling monopoly. For example, MultiChoice has consistently disobeyed orders of Nigerian courts/tribunal restraining the company from increasing its tariffs.

In 2015, an order of Justice C.J. Aneke of Federal High Court, Lagos, stopping MultiChoice from increasing its tariffs as proposed then, was brazenly disobeyed. Multichoice went ahead with the increment.

In 2018, similar order made by Justice Nnamdi Dimgba of Federal High Court, Abuja, in favor of Consumer Protection Council, restraining the firm from again increasing prices of its services pending the determination of matter before the Court, was ignored and tariffs were upwardly reviewed.

Orders of Competition and Consumer Protection Tribunal made against the South African company, MultiChoice, in March, 2022 and April, 2024, respectively, regarding tariffs increment were violated without consequences. No Nigerian company would dare try half of this level of impunity in South Africa where MultiChoice originated.

Regulatory agencies failed in this aspect. The intervention of Nigerian courts has been made ineffectual by consistent disobedient of its orders. In the foregoing context, only a strong indigenous competitor will protect Nigerians from exploitative tendencies of monopoly in the PayTV industry.

• Chidiebere wrote via chidieberenwobodo@ yahoo.com

Adenuga

FAAN: Flight Disruptions, Delays Eliminated with International Runway

Chinedu Eze

The Managing Director and Chief Executive of the Federal Airports Authority of Nigeria (FAAN)? Mrs. Olubunmi Kuku has assured airlines and travellers that flight disruptions and delays have become a thing of the past since the international runway, known as Runway 18R became operational.

The runway, which was put into service in February after it was closed for rehabilitation, has become functional with all the necessary facilities.

Kuku said under her watch, no expense has been spared to ensure the safety of personnel and assets, as well as maintenance and upgrade of airport infrastructure.

She disclosed that airlines on international operations from Lagos have recorded improved on-time performance since the runway was put in use.

Kuku assured the travelling public of their safety, security and comfort, adding that contrary to some reports, the runway has been operating efficiently.

“As the incident commander of FAAN, safety as a unit has a General Manager who reports directly to me. We have put measures in place such that any issues that could potentially render a runway unserviceable are taken very seriously and acted on immediately.

“Our officers regularly carry out runway inspections, keep

maintenance schedules and ensure all safety protocols are meticulously followed to ensure that all runways meet the global standards for safe aircraft operations.

“It is essential to note that the FAAN is bound by strict regulatory frameworks, national and international, that dictate the conditions under which a runway can be deemed unserviceable. Runway serviceability inspections are conducted regularly, and any discrepancies are promptly addressed to maintain the operational integrity of the airfield,” the FAAM boss said.

Reckitt Nigeria Invests N37.8m on Social Businesses

In a landmark move, Reckitt Nigeria has awarded N37.8 million in seed funding to six social businesses, marking the successful conclusion of its Fight for Access to W.A.S.H Accelerator Programme.

This initiative is poised to transform the lives of millions of Nigerians, addressing the country’s critical health challenges through innovation and collaboration.

The selected social enterprises have demonstrated exceptional potential in tackling Nigeria’s WASH (Water, Sanitation, and Hygiene) challenges, with groundbreaking solutions ranging from sustainable sanitation facilities to reusable menstrual hygiene products.

Speaking at the closing ceremony, Cassandra UzoOgbugh, Head, External Communications and Partnerships, Reckitt SubSaharan Africa, emphasised the importance of the WASH programme, stating, “We believe in the positive power that

business can have. By supporting these social enterprises, we are addressing immediate hygiene challenges and building sustainable solutions that will benefit communities for years to come.

Founder of SOSO Care, Mr Nonso Opurum, expressed his gratitude to Reckitt, saying, “The seed funding and mentorship are crucial in helping us scale our solutions and reach the communities in need. We are excited to continue creating a healthier and cleaner environment for everyone, with Reckitt’s backing.”

This initiative is a testament to Reckitt’s mission to protect, heal, and nurture in the relentless pursuit of a cleaner, healthier world. Through the WASH Accelerator Programme, Reckitt is driving positive change and empowering communities to overcome the challenges associated with inadequate WASH access, ultimately improving the overall health and well-being of Nigerians.

IMPROVED ENERGY SUPPLY ON THEIR MINDS…

Acting Managing Director/Chief Executive Officer, Rural Electrification Agency (REA), Mallam Abba Aliyu(left), and Honourable Minister of Power, Chief Adebayo Adelabu, during BusinessDay Annual Energy Conference in Lagos…recently

NIDCOM Condemns Trafficking of 10 Nigerians to Ghana

Michael Olugbode in abuja Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM), Abike Dabiri-Erewa, has condemned in strong terms, modern day slavery (human trafficking), following the intervention on 10 Nigerian girls trafficked to Ghana for prostitution., under the guise of “sales girls.” Dabiri-Erewa said this when she visited Ghana to address the rescued Nigerian girls trafficked to that country, as she commended the Chairman Board of Trustees (BOT) of NIDCOM, Ghana, Chief Calistus Elozieuwa and his team.

the Media, Public Relations and Protocols Unit of NiDCOM, Dabiri-Erewa emphasised the need for a permanent solution to eradicate human trafficking in

According to a statement yesterday by Gabriel Odu of

IG Orders Investigation into Death of Andrew Ochekwo

Ikechukwu Aleke in abuja

The Inspector General(IG) of Police, Kayode Adeolu Egbetokun, yesterday ordered the Police Monitoring Unit to conduct a thorough investigation into the suspected murder of one Andrew Ochekwo.

Egbetokun also gave the Monitoring Unit two week to complete its investigation and present a comprehensive report.

Nigeria, adding that: “We must declare a war against human traffickers.”

She urged parents to always question the whereabouts of their

children when taken away by relatives or friends and encouraged collective efforts to ensure traffickers are named and arrested.

The NiDCOM boss further

mentioned that the rescued girls would be handed over to NAPTIP, who will in turn hand them over to their various states for total counselling and rehabilitation.

A’Ibom Gov Sacks Commissioner for Special Duties

Okon Bassey in uyo

Akwa Ibom State Governor, Umo Eno, yesterday removed, from office, his Commissioner for Special Duties, Dr Bassey P. Okon with immediate effect.

A statement by Force Public Relations Officer, ACP Olumuyiwa Adejobi, noted that the directive comes amid the numerous allegations, arguments, and counterarguments surrounding the case, which also involves the disappearance of two ladies, Celine and Afiba after their trip to visit the said Andrew in Aba, Abia State, for which he was alleged to be responsible.

Adejobi said: “In light of the public interest and the gravity of the allegations, the IG has deemed it necessary to institute a meticulous investigation into the roles played by the team which carried out the initial investigation in Abia State, and the Force Intelligence Department Intelligence Re-sponse Team (IGP-IRT), to unravel the veritable facts of the matter.

Ondo Flags Off 2024 Planting Season

David

In a bid to encourage local farming and promote food sufficiency, the Ondo State Government has flagged off the 2024 planting season and distribution of inputs to farmers in the state.

The state governor, Lucky Aiyedatiwa, who stated this while speaking in Akure yesterday said his administration has done a lot to alleviate the challenges confronting farmers in the state by creating a conducive and enabling environment for them to operate.

Represented by his deputy, Olayide Adelami, the governor revealed that his administration has continued to commit enormous resources to the agricultural agencies to enable them to achieve their core mandates

“The state government under the Ondo CARES programme has distributed agricultural inputs, ranging from cassava stem, fertilizers, seeds and seedlings, including poultry feed and fingerlings, worth N317,980,200 to farmers.

A statement issued by the Secretary to the State Government, Prince Enobong Uwah, did not give reason for the removal of the commissioner from office.

“In an ongoing effort to reposition this administration in line with the ARISE Agenda, the Governor of Akwa Ibom State, Pastor Umo Eno has

relieved Dr Bassey P. Okon, Honourable Commissioner for Special Duties as Commissioner in the Akwa Ibom State Executive Council with immediate effect,” the statement stressed.

The sacked commissioner was asked to hand over to

the Permanent Secretary of the ministry.

“In the meantime, the Ministry will be supervised by the Secretary to the State government pending appointment of a new Commissioner,” the statement added.

Edo APC Chieftain Resigns from Party, Cites Irreconcilable Differences

Adibe Emenyonu in Benin-city

What could be described as political tsunami has hit the Edo State chapter of the All Progressives Congress (APC) following the resignation of the party Vice Chairman, High Chief Francis Inegbeneki, the Uzoya of Esanland, from the party.

Inegbeneki, who formally announced his resignation from the APC while briefing journalists at the Nigeria Union of Journalists (NUJ) press centre in Benin-city, said he left because his decision was not for personal gain, but that of the public.

Also, he said that top echelons of the APC within and outside

the state have reached out to him making passionate appeal to reconsider his defection, he was yet to make his next political move.

Inegbeneki disclosed that he dumped the APC after submitting a letter of resignation dated June 8, 2024, which he addressed to his Ward 9

chairman of APC in Opoji, Esan Central Local Government Area of the state.

He added that after keeping faith with the party for 25 years, some recent developments in the party in his local government area and Edo State conflicted with his core principles and values.

Stakeholders Emphasise Education’s Role in Poverty Reduction

Stakeholders in the educational sector have emphasised the critical role of education in reducing poverty and fostering economic growth. They highlighted how education profoundly impacts individual lives and contributes to national development.

Severance

James Sowole inabeokuta

Special Adviser to Governor Dapo Abiodun on Media and Strategy, Hon. Kayode Akinmade, has carpeted forum of Special Assistants(SAs) under former Governor Ibikunle Amosun, accusing them of deliberately playing to the gallery over unpaid severance allowances.

A Professor of Comparative Law in Family, Succession & Trusts in the Department of Private & Property Law at the Faculty of Law, University of Lagos, Dr. Nwudego Chinwuba, highlighted the importance of elementary education during the

Akinmade made this known in a statement yesterday while reacting to a publication where the forum blamed Abiodun for non-payment of their severance allowances.

unveiling of “The Eastern Side of Yaba Town: A Story of Ladi-Lak Institute and Lagos Elementary Education,” in Lagos.

Chinwuba mentioned that education harnesses the faculties of the mind, brain, and body to reduce poverty,

increase individual earnings, reduce economic inequalities, promote economic growth, advance efforts at maintaining the planet, awaken the human mind to a positive interaction with the brain, and distinguish humans from savages.

Akinmade said Amosun, against the extant law and protocol of civil administration, paid all his political appointees before leaving office and left his special assistants out of the arrangement.

He said blaming Abiodun on such matter was a sheer act of blackmail and mischief, adding that Amosun, and not the incumbent governor, was responsible for the non-payment of the severance allowances of the former SAs.

He added that Abiodun could not pay the former SAs any severance allowance when their former boss had decided on those he considered entitled to the allowance. He therefore, advised the affected former political appointees to first put the blame of the act of callousness and insensitivity on their former boss after which they can appeal to Abiodun for possible redress on compassionate grounds.

Kano Receives Presidential Palliatives for Vulnerable People

The President, Bola Ahmed Tinubu presented commodities, totaling 42,000 metric tons to the Kano state government for distribution among the vulnerable individuals. The president delivered the commodities through the National Emergency Management Agency (NEMA). The goods

comprise maize, millet, sorghum and garri.

During the occasion held in Kano, the Director General of NEMA, Zubaida Umar, representing the federal government, emphasized that this act aligns with President Bola Ahmed Tinubu’s commitment to

mitigating the negative impact of the current economic hardship.

With this, Kano state has been apportioned 969 metric tons of maize, 1,320 metric tons of sorghum, and 417 metric tons of millet, to be distributed equitably across all local government areas.

A fraction of the food provisions,

equivalent to 20 per cent, is earmarked for religious institutions, whereas three per cent will be allocated to boarding schools. Umar also issued a caution regarding an impending flood in 2024, referencing the Seasonal Climate Prediction and Annual Flood Outlook.

Flavour Father’s Burial: Ubah Blames Soludo for Insecurity in Anambra

The Senator representing Anambra South senatorial zone, Ifeanyi Ubah, has reacted to the movement of the burial of the father of music star, Flavour, from Anambra State to Enugu State.

Music star, Chinedu Okoli, better known as Flavour, an indigene of Anambra State, had at the weekend said that the insecurity in Anambra State was the reason he moved his father’s burial celebration to Enugu State. ºBut reacting to this, Senator Ubah apologized to the musician

for the poor security in the part of Anambra State where he hails from, but stated that the interference of the state Governor, Prof Chukwuma Soludo, was the reason Umunze, Flavour’s home town, has remained insecure.

In a statement issued by his

Special Adviser on Media and Strategic Communications, Mr. Kamen Chuks Ogbonna, Senator Ubah said: “I apologise to Chinedu Okoli (Mr. Flavour) for missing this once-in-a-lifetime opportunity to celebrate the life and time of his father in his hometown.

David-Chyddy Eleke inawka

Fidelis

in akure

‘Artificial Intelligence, Digital Revolution to Transform Global Agrifood System’

Dike Onwuamaeze

The Director-General of the Food and Agriculture Organization (FAO), Mr. Qu Dongyu, has declared that Artificial Intelligence (AI) and the ongoing digital revolution would inevitably transform the world and its agrifood systems.

Dongyu also said that urgent efforts should be made to ensure that the transformations they drive benefit everyone and contribute to solving global challenges. He stated this at the recent Business Federations of the G7 (B7) meeting in Rome.

According to him, AI is not just a technological shift but a development that would drive

fundamental economic and social transformation at the broadest level. Dongyu noted that FAO recognised the power of AI to bring potential benefits to a wide range of populations and to contribute to improved efficiency and sustainability.

He said: “Digital agriculture can revolutionise how we produce, distribute and consume food.”

He also emphasised that potential benefits of digital farming for farmers and stakeholders across agrifood systems included improved pricing data, minimising food loss and waste, enhancing food safety and stimulating adoption of better seeds, fertilizer and sustainable practices.

The B7 comprised the main

business and industrial federations of the G7 members and the European Union that meet once in a year to present its recommendations on selected priority topics to the G7 presidency.

Dongyu, spoke alongside the Secretary-General of the Organisation for Economic Cooperation and Development (OECD), Mr. Mathias Cormann, at a session that was focused on charting new courses for cross-border global cooperation.

The FAO is working closely with all partners, including governments, academia, the private sector, civil society and international organisations to broaden the positive impact of such enabling innovations.

Investment Immigration: Kano Business Community Laud Optiva Capital

Businessmen and Professionals in Kano have commended Optiva Capital Partners, for its innovative products and services in investment immigration and international real estate.

The commendation came during an exclusive business dinner organised by Optiva Capital aimed at showcasing global investment opportunities for Kano business Community during the weekend.

Speaking at the event, which held over the weekend, Group Head of Corporate Communications, Media, and Technology, Mr. Nduneche Ezurike, who represented the CEO of Optiva Capital Partners, emphasised that Optiva’s international

Onukwue:

network and global reach will avail businessmen opportunities in real estate, investment immigration, and insurance.

Ezurike highlighted testimonials from thousands of families who have benefitted from Optiva Capital’s services for over a decade.

He noted that these success stories inspired the company to bring their services to Kano. Also making a product presentation at the event, the Regional Head of Northern Operations, Ms. Sylvia Onyalu, revealed that acquiring a second passport through Optiva Capital is a legal means of accessing over 140 countries to attain various unimaginable

benefits.

She explained that a second passport provides opportunities enjoyed by citizens of those countries, including world-class education at minimal tuition fees, quality healthcare, global mobility, investment access, and overall improved quality of life for themselves and their families.

Guests at the dinner, including popular Nollywood actor Sani Danja, expressed their delight at the opportunities presented by Optiva Capital to Nigerians.

Danja praised Optiva Capital for bringing such prospects to Kano State, noting the company’s trusted track record in service delivery.

Bank Recapitalisation Will Revive Primary Market

The Chairman, Association of Securities Dealing Houses of Nigeria (ASHON), Mr Sam Onukwue has stated that with the proposed new capital requirements of banks, shall spur activities in the primary segment of the Nigerian capital market, which has remained largely inactive due to paucity of new issues over the years.

Central Bank of Nigeria (CBN), had on March 28 this year, announced new capital base on the basis of a bank’s authorization, ranging from N200 billion to N500 billion and this is expected to commence in the next two years.

Onukwue, commended the apex bank for the proposed minimum share capital, given the level of risks that banks bear nowadays. He also explained

that the development would create transactions in the primary market arm of the Nigerian capital market.

“I believe that the Central Bank of Nigeria (CBN), has done the right thing if our banks should compete in the global market, including the African Continental Free Trade Area (AfCFTA). With the current inflation rate and exchange rate, it has become almost impossible for our banks to operate in line with new global minimum capital threshold.

“Besides, the level of risks, which the banks bear today has significantly been exacerbated by the current macro-economic vagaries. I also believe the apex bank is repositioning the banks to be o able to finance the envisaged $1 trillion economy in the

ñext 7-8 years. In the light of the foregoing, I have no doubt that the apex bank is fair enough to base the new share capital on the level of authorization of each bank. The next thing is for every bank to justify why it should continue to operate in the banking sector.

“The primary market has been relatively inactive over the years because of the general lull in the economy. Potential companies that would have floated initial Public Offerings (IPOs) were reluctant for fear of undersubscription. To worsen the situation, many investors have lost money in the primary market due to failure of companies to list their shares in the secondary market after capital raising in the primary market.

FATE Foundation Announces Completion Two-year Futuremakers Project

FATE Foundation has announced the completion of the Aspiring Entrepreneurs Programme (AEP) Future makers Edition sponsored by Standard Chartered Foundation (SBF) and supported by Youth Business International (YBI).

Futuremakers by Standard Chartered is Standard Chartered Bank’s (SCB) global initiative to tackle inequality and promote greater economic inclusion for young people in underserved communities, especially youths and persons with disabilities. This initiative seeks to build young people’s capacity to access jobs and opportunities that will close the inequality gap.

In 2021, FATE Foundation partnered with SCB to implement the AEP Futuremakers project, designed to support underserved tertiary institution students in their penultimate or final year, and Persons with Disabilities (PWD), particularly young people, and female-led businesses.

Commenting, Executive Director, FATE Foundation, Adenike Adeyemi said, “I am delighted to announce the successful completion of the FutureMakers project, which speaks to the power of collaboration and innovative entrepreneurship. With the support of Standard Chartered

Foundation supported by Youth Business International, we have empowered a new generation of young entrepreneurs to drive economic growth and job creation in Nigeria. We remain committed to our vision to shape the future of entrepreneurship in Nigeria.”

AGM/Acting Head of Corporate Affairs, Brand and Marketing, Standard Chartered Bank Nigeria Limited, Joke Adu said, ‘”We are delighted to host the maiden edition of the SC Pop Up. The event is designed to promote awareness on the Bank’s Supplier Diversity and Inclusion strategy for small and women owned businesses.

DAILY BASKET PRICE

The price of OPEC basket of twelve crudes stood at $87.33 a barrel on Monday, compared with $86.00

Saharan Blend

Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

From Left, Deputy Director Small and Medium Enterprises Development Agency of Nigeria, Mr Ebere Ijomah; Chief Executive Officer Sparks Ventures Hub (SVH), Mrs Chinyere Otuonye: Director Enterprise Development Centre Coal City University Enugu, Mr Okechukwu Chukwuemeka; Enugu State Commissioner for Science and Technology, Chief Lawrence Ezeh and Executive Director Daniel Ukwu Leadership Foundation, Mr Nkemakulum Ukwu during the Commissioning of Sparks Ventures Hub in Enugu...recently

Stock Market Gains N324bn to Commence New Week on Positive Note

Kayode Tokede

The Nigerian stock yesterday opened the new week on a positive note, extending gains from the previous session as the overall capitalization gained N324 billion as investors renewed interest in fundamental stocks.

The Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 572.57 per cent or of 0.58 per cent, to close at 99,793.71 basis points. Conseqently, the overall market

capitalisation value gained N324 billion to close at N56.452 trillion.

The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; Seplat Energy, TotalEnergies Marketing Nigeria, Julius Berger, Transcorp Hotel and Flour Mills of Nigeria.

Market breadth also closed positive, as 30 stocks gained relative to 10 losers. Flour Mills recorded the highest price gain of 10 per cent to close at N41.80, per share.

TotalEnergies Marketing Nigeria

followed with a gain of 9.98 per cent to close at N353.60, while Access Holdings up by 9.86 per cent to close at N18.95, per share.

Chams Holding Company appreciated by 9.74 per cent to close at N1.69, while Veritas Kapital Assurance gained 9.52 per cent to close at 69 kobo, per share.

On the other hand, eTranzact International led the losers’ chart by 9.90 per cent to close at N4.55, while DAAR Communications followed with a decline of 9.52 per cent to close at 57 kobo, per share.

Champion Breweries and Unity Bank lost 6.67 per cent each to close at N2.80 and N1.12 respectively, while Wapic Insurance shed 2.86 per cent to close at 68 kobo, per share.

The total volume traded increased by 148.33 per cent to 963.541 million units, valued at N13.498 billion, and exchanged in 8,657 deals. Transactions in the shares of Fidelity Bank topped the activity chart with 605.257 million shares valued at N6.025 billion. Access Holdings followed with

93.067 million shares worth N1.744 billion, while United Bank for Africa (UBA) traded 58.726 million shares valued at N1.261 billion.

Nigerian Breweries traded 45.256 million shares valued at N1.267 billion, while Zenith Bank transacted 16.079 million shares worth N539.552 million.

In the week ahead, analysts at Futureview Financial Services stated that, “we anticipate a mixed sentiment in the equities market, primarily due to the enduring allure of the fixed income market among

investors. “This interest is fueled by expectations of increased rates in the NTB auction and the impending release of the inflation rate. However, amidst these factors, there remains an opportunity for sustainable growth, particularly in fundamentally strong stocks that currently find themselves in the oversold region. We foresee a selective pursuit of bargains, particularly in dividend-paying stocks, driven by the nearing corporate qualification and payment.”

INAUGURATION OF NEDOGAS PLANT UPGRADE PROJECT...

L-R: Managing Director, Nedogas Development Company Limited (NDCL), Mr. Debo Fagbami; Chairman/CEO, NDCL, Emeka Ene ; Deputy Governor of Delta State/Representative of the governor, Chief Monday Onyeme; Minister of State for Petroleum Resources (Gas), Hon. Ekperikpe Ekpo and Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB), Mr. Felix Omatsola Ogbe, during the landmark inauguration of the 300 MMSCF/D Kwale Gas Gathering (KGG) Facility and the upgraded Nedogas Processing Plant (NGPP) in Kwale, Delta State ... recently

AfDB Commits $700 Million to STEM Education, Training of 1.7m African Youths

Nume Ekeghe

The President of the African Development Bank Group (AfDB), Akinwumi Adesina, has stated that the bank has allocated $700 million towards education and skills development.

He said that the bank was also supporting 4,000 tertiary education and training institutions and granting 1.7 million African youth access to Science, Technology, Engineering and Mathematics (STEM) education.

He said this over the weekend

while delivering his keynote address at the Chatham House in London. He noted that Africa's substantial youth population necessitates significant investments in digital infrastructure to unlock the potential of the digital economy.

He said: “The African Development Bank is investing heavily in human capital to unleash the growth potential of Africa, including tapping into the scientific talents in the diaspora.

Ekpo, Kyari

“We are supporting universities

of science and technology, expanding training in science, technology, engineering and mathematics, centres of excellence in biotechnology and material sciences, as well as technical and vocational training.

“We have committed $700 million for education and skills development, which has supported 4,000 tertiary education and training facilities, and provided 1.7 million African youth with access to education in STEM.

Africa, he said, has witnessed a tripling in the number of start-ups,

reaching 5,200 between 2020 and 2021, as revenue of fintech companies is estimated to reach over $30 billion annually by 2025.

This trend, Adesina said, mirrors what Google and the International Finance Corporation (IFC) estimate that Africa’s internet economy will reach $180 billion by 2025 and $712 billion by 2050.

He reiterated that unleashing the potential of the digital economy will require large investments in digital infrastructure, including

Lead Industry Stakeholders to Brainstorm on Gas Sector Growth in Africa

Peter Uzoho

Minister of State for Petroleum (Gas), Hon Ekperikpe Ekpo and the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari, would be leading top stakeholders in the energy sector at the maiden Africa Gas Innovation Summit (AGIS) to brainstorm on revolutionising the gas industry in the continent.

The inaugural AGIS 2024, which the promoters profiled as a ground-breaking event aimed at reshaping the future of Africa's gas industry, would hold from June 13-14 this year, at the NAF Conference Centre, Abuja.

In a statement issued last night by the organisers, Society of Petroleum Engineers (SPE) Nigeria Council, it said, the programme would run with the theme, "Igniting the Future: Driving Sustainability in Africa’s Energy Landscape through Gas Technology and Innovation."

The summit expected to be a pivotal moment for the gas industry is being presented by the SPE Nigeria Council in collaboration with key partners such as the Nigerian Gas Association (NGA), Nigerian Association of Petroleum Explorationists (NAPE), Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), and Petroleum Technology Development Fund (PTDF).

Also on the list of collaborating institutions are the Association of Energy Correspondents of Nigeria (NAEC), Abuja Chamber of Commerce and Industry Nigeria, African Petroleum Producers Organization (APPO), Decade of Gas Office, Petroleum Technology Association of Nigeria (PETAN) and the African Energy Chamber, among others.

“AGIS 2024 represents a unique opportunity to drive sustainability and innovation within our energy landscape. By bringing together industry leaders, policymakers, and entrepreneurs, we aim to

foster a collaborative environment where cutting-edge research and technological advancements can thrive," Chairman of SPE Nigeria Council, Mr. Salahuddeen Tahir stated.

According to the programme's schedule, Ekpo would be the Special Guest of Honour while Kyari would be among selected guests to speak on the occasion even as the Executive Vice President, New Energies, Gas and Power, NNPCL, Olalekan Ogunleye would be the chief host of the event.

Tahir explained that the theme of the summit underscores the commitment to advancing sustainable energy practices through innovative gas technologies and highlights the crucial role of gas in Africa's energy transition.

Tahir further said: “Our commitment is to not only advance sustainable energy practices but also to unlock the immense potential of gas as a key driver in Africa's energy transition.

Tinubu Approves New Leadership For PSC, NPTF

Names DIG Hashimu Argungu, PSC chairman; Onyemuche Nnamani, Secretary; DIG Taiwo Lakanu, commission member; Mohammed Sheidu, executive secretary of NPTF To appoint other PSC members soon

Deji Elumoye in Abuja

President Bola Tinubu has approved the appointment of DIG Hashimu Argungu (rtd) as Chairman of the Police Service Commission (PSC).

Argungu takes over from Mr Solomon Arase, a former Inspector General of Police (IGP).

The President, according to a release issued on Monday by his

Media Adviser, Ajuri Ngelale, also approved the appointment of Chief Onyemuche Nnamani as Secretary and DIG Taiwo Lakanu (rtd) as member of the Commission.

The appointments are subject to confirmation by the Senate. Other members of the Police Service Commission will be appointed in due course.

Furthermore, the President has

approved the appointment of Mr. Mohammed Sheidu as the Executive Secretary of the Nigeria Police Trust Fund (NPTF) with immediate effect.

President Tinubu expects absolute demonstration of integrity, diligence, and patriotic zeal in the discharge of these important functions for the overall wellbeing of the Nigeria Police and the nation.

"AGIS 2024 is primed to a catalyst for revolutionising Africa's gas sector through cutting-edge research and technological breakthroughs.

"With a focus on promoting innovation, shaping policy frameworks, unlocking financing avenues, nurturing capacity building, and cultivating entrepreneurship, this summit aims to ignite the future and drive sustainability in Africa's energy landscape."

He informed that the summit would feature a detailed technical agenda with a variety of sub-topics designed to address the most pressing issues and opportunities in the gas sector.

fibre optics, data centres and the expansion of mobile networks to improve connectivity.

He added: “To support the businesses of young people in Africa, and drive greater entrepreneurship, the African Development Bank is establishing Youth entrepreneurship investment banks across the continent.

“These are new financial institutions that will provide tailored financial instruments to build the businesses of young people and build youth-based wealth, which will reduce migration. The first Youth Entrepreneurship Investment Banks have been approved for Liberia $16 million and Ethiopia $32 million, with several more in the pipeline.”

He pointed out that Africa is the second fastest-growing region in the world, second only to Asia, and has 10 of the 20 fastest-growing countries in the world.

He said: “As Africa’s economic resilience is bolstered, unlocking its economic prospects requires ensuring structural change of its economies, raising the productivity of agriculture, provision of electricity, accelerating infrastructure investments, supporting faster pace digitalisation, unleashing economic and job opportunities for women and youth, and driving industrialisation through greater mobilisation of the private sector.

“Assuring food security in Africa is top on the agenda for the African Development Bank. Over the past eight years, we have provided close to

$10 billion in support of agriculture.

“Our flagship initiative, Technologies for African Agricultural Transformation (TAAT), has delivered climate smart agricultural technologies for 13 million farmers. Our support of heat tolerant wheat varieties to Ethiopia turned it into a wheat self-sufficient country in under four years.”

“The African Development Bank is also developing Special Agro-Industrial Processing Zones in eleven countries to support agroindustrialisation and value addition and development of agricultural value chains. This is critical to unlocking the value of the food and agribusiness in Africa worth $1 trillion by 2030.

“Unlocking Africa’s vast renewable energy sources and assuring energy supply, access and security, is central to Africa’s economic prosperity. Africa still has close to 600 million people without access to electricity.” Furthermore, he noted that the economic prospects of Africa remain strong and that at the top of this is building the resilience of the continent to climate change. He added: “The continent loses $7–15 billion, which is expected to rise to $50 billion annually by 2030. From greater frequency and intensity of floods and droughts, no part of Africa is spared. Yet, Africa receives only 3 per cent of global climate finance, with $30 billion annually for climate adaptation, while its needs are $277 billion annually.

Aradel Declares N170 Dividend Per Share as Shareholders Approve Listing of Firm on NGX

Peter Uzoho

Aradel Holdings Plc, an integrated indigenous Nigerian energy company, has announced a final dividend of N170 per share for its shareholders having recorded an impressive financial performance in 2023.

The marginal field and refinery operator that is listed on the NASD Exchange and the FMDQ, announced this at its hybrid annual general meeting (AGM).

In a statement shared with THISDAY, yesterday, Aradel disclosed that its shareholders have approved its resolution to list on the Nigerian Exchange (NGX) by way of a listing by introduction.

Speaking at the meeting, Chairman of Aradel Holdings Plc, Ladi Jadesimi, was quoted to have said that in 2023, the company's

performance was characterised by unprecedented growth, underpinned by the sound strategic initiatives they implemented in 2022, in addition to the year’s new initiatives.

“We increased our overall crude production volumes and enhanced our well delivery performance and potential. The Alternative Crude Evacuation (ACE) system completed in 2022 was subsequently optimised further during the year under review, facilitating the safe evacuation of crude with the impact being a significant reduction in crude loss compared to levels experienced in prior years", Jadesimi stated.

The company in the year under review said it recorded revenue growth of 234.5 per cent to N221.1 billion ($342.3 million) from the N66.1 billion ($156.1 million) attained in 2022.

It added that Aradel also achieved

a significant increase of 254.9 per cent in Profit After Tax (PAT) to N53.7 billion ($69.1 million) from N15.1 billion ($35.5 million) recorded in 2022. Based on this robust financial performance, the company stated that a final dividend of N170 per share, as recommended by the Board of Directors was approved by the shareholders at the AGM. In his remarks, Managing Director and Chief Executive Officer of Aradel Holdings, Mr. Adegbite Falade, said: “The dogged pursuit of multiple initiatives, guided by the visionary wisdom of a most experienced Board of Directors, fuelled by an extremely hard-working, passionate and dedicated workforce created mutually assuring outcomes that enabled the outstanding growth in the operational performance seen in 2023.’’

WiGWe UniverSity MaScot DeSiGn coMpetition...

Kolawole Olojo-Kosoko, Ayoola Omovo, Tabith

Security Agencies Set to Flush Out ‘Youth Leaders’, Cultists in Edo after Attack on Soldiers

Obaseki mourns passing of medicine professor, Vincent Iyawe

The Edo state security council yesterday said it had concluded plans to commence the disarming and flushing out of cultists, hoodlums and ‘youth leaders’ otherwise known as Okaigheles in all communities across the state.

Special Adviser to the Edo State Governor on Media Projects, Crusoe Osagie, who disclosed this in a statement, said the move followed the ban on the activities of the ‘criminal groups’ by the state security council.

This, he said is coming on the back of data that linked the groups to the alarming rise in cult-related killings and homicides in the state as well as the recent attack on soldiers in Okomu community by the suspects.

Two soldiers and a police officer were on June 7 shot in Okomu community in Ovia South West Local Government Area of the state by suspected cultists.

Osagie noted: “The Edo State Governor, His Excellency, Mr. Godwin Obaseki has directed that the security council intensifies efforts to disarm and flush out all cultists and Okaigheles across the state.

“The security agencies are set and ready to begin massive raids across all communities in the state to disarm these criminal elements and neutralise their threat against public peace.”

The government while reaffirming its decision to ban the groups in Edo South communities, said the state security council data showed that the two groups (Okaigheles and cultists) posed the most severe threat to the security and stability of the state, resulting in the decision of the council to place a total ban on the criminal groups.

The statement cited the attack on soldiers wherein “some so-called youths opened fire on three men of the Nigerian Army attached to Okomu Oil Palm Plc., in Ovia South West Local Government Area, injuring them and throwing the community into pandemonium,” as some examples of the threat on public peace by the criminal groups.

“In the coming weeks, the government will proceed on a full-scale operation to disarm these criminal elements and neutralise their threat against public peace. Government therefore warns in the strongest terms that it will not allow any individual or organisation, no matter how highly placed to undermine the efforts of the state security council to protect the lives and property of our people.

“We reiterate that the activities of cultists, Okaigheles, and their sponsors remain banned in the state and we will spare no effort

to ensure that those who flout the ban are made to face the full weight of the Law,” the statement added.

Obaseki, has also hailed teachers in the state for their commitment and support for his administration’s reforms and programmes in the education sector over the past seven and half years, leading to the gains recorded in revamping the system and deepening quality education in the state.

Obaseki spoke in an address to teachers at the Edo Teachers for Tech Conference, held at the Sir Victor Uwaifo Creative, in Benin City, as part of events lined up to

commemorate the 2024 Education Week.

The governor, who reeled the impact of his administration’s programmes and reforms in education, said the gains recorded will be sustained with the emergence of a credible and competent successor who is able to make the necessary sacrifice for the betterment of the State and its people.

According to him, “EdoBEST is sustainable if only we vote and elect people that know what to do when they are in charge of government. That is the only way to sustain the education reforms in Edo State. The

decision you make on the 21st of September 2024 will determine the sustainability of the reforms in the education sector.

“We must make sure we participate and elect a man who means well for the Edo people and is able to make sacrifices for us. What we have done in EdoBEST and other areas are sustainable, if only leaders at all levels care enough to make sacrifices.”

Meanwhile Obaseki, has mourned the passing of the former Provost of the College of Medical Sciences, University of Benin, current Provost of the College of Medical Sciences

at the Benson Idahosa University and Bishop at the Church of God Mission, Prof. Vincent Iyawe.

In a statement, Obaseki described Iyawe as an emblem of excellence who achieved remarkable success in the various endeavours he pursued, contributing effectively to societal development.

The governor said as a professor of the College of Medical Sciences at the University of Benin, he contributed exceptionally to grooming and mentoring a generation of medical professionals who have continued to strengthen the healthcare sector both in our dear state and the nation.

African Export-Import Bank (Afreximbank) has announced the disbursement of a $40 million Intra-African Investment Facility to Fidelity Bank Plc, to support Nigerian lender’s acquisition and recapitalisation of Union Bank UK as part of its international expansion programme.

According to a statement from the multilateral institution, provided in two

Gbenga Sodeinde in Ado Ekiti

The coordinating Deputy InspectorGeneral of Police (DIG) in charge of Southwest, Sylvester Alabi, has said the Nigeria Police Force was already working on the use of modern technologies to stop kidnapping and other crimes in Nigeria.

The DIG who stated this, Monday, in Ado-Ekiti, during his maiden visit to Ekiti State Police Headquarters of the Nigeria Police Force, confirmed the force was already working on how security will imbibe varieties of technologies in a bid to achieve zero level of crime in the country.

His words: “My coming to Ekiti State is to complete my assignment in the Southwest geo-political zone.

“My mission is in compliance with the directive of the Inspector General of Police, IGP Kayode Egbetokun, who instructed all DIPs in charge of the six geo-political zones to embark on tours across the six geo-political zones and access the strategic deployment of NPF’s arsenals in crime fighting and see how the officers are doing their

“Thisjobs.is to enable us know the challenges they are facing in the course of their duty so that they can be addressed appropriately; so that their capacity and flexibility will be enhanced in delivering good services to the public.

“It’s not yet over. Technological improvement is more essential. Gadgets like drones that will gather

information for us; that will dig into kidnappers’ hideouts will help to deal with them instead of us rescuing victims.

“Technology is very important; we will definitely migrate to imbibe the technological advances. It’s obvious that we cannot effectively utilize our policing work without involving technological devices to assist us. We are not shying away from the usage of drones; we are going to get used to it”.

Speaking about the issue of shortage of manpower in the force, he said: “Manpower is as old as we are. With the constant recruitment of police officers into the force, we will overcome the manpower issues.

“Manpower problem is peculiar

tranches of $20 million each, the first tranche of the facility enabled Fidelity to part-refinance the acquisition of 100 per cent equity stake in Union Bank UK, while the second tranche was used to support its recapitalisation via the injection of additional equity into the acquired bank, as approved by the United Kingdom’s regulator.

With this acquisition, Fidelity Bank is able to birth a new pan-African

financial institution capable of providing correspondent banking and offshore banking services to banks in Africa and servicing the banking needs of Africans in the diaspora.

Commenting on the transaction,

Executive Vice President, Intra-African Trade Bank and Export Development Bank, Afreximbank, Kanayo Awani, noted that the disbursement of the facility was part of Afreximbank’s effort to promote African control and ownership of capital while improving intra-African trade and investments.

to all the states and I want to tell you that without maximum security, our economy cannot thrive”.

Alabi equally urged police officers to treat Ekiti State citizens fairly by not stamping on their fundamental human rights. This, according to him, will assist the command in their policing strategies.

The Ekiti State Commissioner of Police, Akinwale Adeniran, hailed the DIG for his proactive and selfless service in the Nigeria Police Force. He added that the command under his leadership has successfully tamed the activities of criminal elements across the state by creating an enabling environment for Ekiti citizens through the adoption and implementation of the community policing strategy.

"Fidelity Bank's acquisition of Union Bank UK aligned with Afreximbank’s Intra-African Investment Facility. It was a significant milestone for both institutions, reinforcing African ownership and control within the global financial landscape,” Awani said.

“By supporting this strategic transaction, we are not only bolstering Nigeria’s banking sector but also fostering greater financial integration between Africa and its Diaspora. This initiative is a testament to our commitment to enhancing intra-African trade, promoting economic stability and driving forward the objectives of Agenda 2063 for a prosperous and self-reliant Africa." she added.

Awani, stated that Afreximbank’s Bank Acquisition Strategy, empowers African entities to acquire financial assets divested by foreign entities in Africa and the diaspora.

This, she said was also in line with the bank’s Diaspora Strategy which

seeks to promote and finance the integration of the African Diaspora with the rest of the continent.

She noted that, through the facility, Fidelity was extending its services to the UK, in particular, to Africans and African-owned businesses in the UK, including products to support Diaspora investments.

Commenting on the fear, MD/ CEO of Fidelity Bank, Mrs. Nneka Onyeali-Ikpe said: ‘We are very thankful to Afreximbank for supporting our expansionary initiatives for international growth. It is, indeed, the result of a strong partnership between the two institutions over the years that has produced this good outcome.

The refinancing of the Union Bank (UK) acquisition by Afreximbank will unlock additional value and help create a scalable and more sustaining service franchise that will support trade businesses in Africa and diaspora banking.”

The acquisition was expected to contribute to Africa’s economic growth and development by increasing intra- and extra-African trade finance and trade flows between Nigeria and the UK, supporting the integration of the African Diaspora into regional and continental supply chains and enabling small and medium-sized enterprises across the continent to improve their export competitiveness and light export manufacturing capabilities.

L-R:

Odigili and Vice Chancellor, Wigwe University, Prof. Miles Davis at Wigwe University Mascot Design Competition Judging Ceremony @ Nike Art Gallery … recently

STRATEGISING AND AImING foR fRoNTIERS...

Amnesty Accuses Military of Detaining Girls over Suspected Link with Terror Group

Armed forces deny allegation, say operations conducted professionally

michael olugbode in Abuja

Amnesty International yesterday accused the Nigerian army of illegally detaining girls and young women who have escaped from Boko Haram captivity under the suspicion that they hold allegiance to Boko Haram insurgency.

The military in a statement however denied the allegations, which the human rights group said were based on 126 interviews from 2019 to 2024 with female former captives.

According to the Amnesty report, 31 interviewees said they were unlawfully held in military barracks for several days and some as much as four years between 2015 and mid-2023, because of their real or perceived association with Boko Haram.

The military has been involved in armed battle with the non-state actor, Boko Haram, for over a decade in the nation’s North-east, an uprising which the UN said has claimed more than 35,000 people.

Along the line, the insurgency had seen hundreds of girls abducted, with some fleeing from the hostage takers and few others returning after bargain with the federal government.

"The Nigerian government has failed to uphold their human rights obligations to protect and adequately support these girls and young women," said Samira Daoud, Amnesty International's Regional Director for West and Central Africa, in the report.

The defence headquarters responding to the allegations made by Amnesty International in its the

Violation of Rights: ECOWAS Court Declines Jurisdiction in Dasuki’s Suit Against FG

The ECOWAS Court of Justice has declared that it lacks jurisdiction in the case brought by Col. Sambo Dasuki (Retd.) requesting it to compel Nigeria to comply with and implement the court’s earlier ruling against the country in a 2016 judgment on violation of rights.

Dasuki had alleged that he obtained a judgment from the Court on October 4, 2016, declaring his arrest and deten- tion unlawful and a violation of his rights under the ACHPR and ICCPR.

He said that the court ordered the release of his seized properties and payment of N15 million in damages.

He also claimed that the respondent's failure to comply with the judgment of the ECOWAS Court of Justice has led him to seek for the enforcement of the same, before the court.

The respondent had denied the allegations and asserted that the applicant's properties are involved in ongoing criminal proceedings in Nigeria, which the applicant did not mention.

The respondent argued it has fulfilled its obligations and that the Court's Chief Registrar has already issued a Writ of Execution, making the relief prayed for by the applicant unnecessary.

In the judgment delivered by the judge Rapporteur, Justice Sengu Mohamed Koroma, the court ruled that it lacks jurisdiction to entertain

the application and dismissed the same without cost.

In its judgment, the court noted that having thoroughly assessed the claims and constitutive texts of the court, it lacks the competence to

adjudicate the present claim.

Consequently, the court dismissed the application after giving a directive as to the procedure for enforcement of its judgments as enshrined in the Community Law, and the proper

party to bring a claim for failure of non-enforcement.

The panel included Hon. Justice Edward Amoako Asante, presiding, and Hon. Justice Ricardo Claúdio Monteiro Gonçalves, member.

report, during a conference yesterday categorically denied the allegations and reaffirmed its commitment to upholding international humanitarian law and human rights principles.

Maj. Gen. Edward Buba, Director Defence Media Operations disclosed this in a statement, noting that the military operates within the bounds of the law of armed conflict and has a robust military justice system to address any proven cases of misconduct.

He said: “Accordingly, the Armed Forces of Nigeria is hereby making it unequivocally clear that, it is a professional force that operates within the ambit of international law of armed conflict as well as adheres to the humanitarian law and principles governing human rights.”

He said the military encourages organisations like Amnesty International to substantiate their allegations through established channels, rather than resorting to public statements.

He added: “It is for this reason that, there are standing court martials to treat any form of misbehaviour by erring personnel especially those that portray the military negatively to the general populace.”

According to him, under the leadership of Gen. Christopher Musa, the Chief of Defence Staff, the AFN has a zero-tolerance policy for indiscipline and improper conduct. Standing court martials, he said, are in place to address any form of misbehavior by erring personnel, ensuring that the military maintains its professionalism and integrity. Buba noted that the military remains focused on its objective of defeating terrorism and will not be deterred by self-serving statements aimed at dampening the morale of troops in operational theatres. He said the military will engage constructively with Amnesty International and continue to conduct operations diligently to protect the nation.

Human Rights: CSOs Demand More Accountability from Security Agencies

onyebuchi Ezigbo in Abuja

Civil society organisations and human rights groups have urged security agencies and other law enforcement authorities in the country to do more to improve on their human rights protection records.

The groups said that incidence of human rights violations in the country has escalated, with the police, military, departments and agencies of government cited in several cases of human rights violations reported.

Speaking at held Dialogue Session on "Exploring Remedies for Human Rights Abuses" organised by Policy and Legal Advocacy Centre (PLAC) with support from National Endowment for Democracy (NED) in Abuja on Monday, Executive Director of PLAC, Clement Nwankwo, said that recent events in the country about clash of security agents and citizens have necessitated the move to appraise the level of compliance to human rights provisions.

Nwankwo said the aim of conven-

ing the dialogue session was to share with human rights organisations and advocates, the options available for them to promote and protect human rights in Nigeria.

He said the meeting provided a platform to discuss the best strategies to tackle the challenge of increasing human right violations and shrinking civic space in Nigeria, as well as identify available remedies for victims of huma rights abuses.

According to him, "There is also now, the rising problem of the military assuming a role in apprehending individuals and investigating offences, which are ordinarily within the purview of police functions.

"This perhaps is attributed to an upsurge in the brutal attacks on military personnel. Although the courts remain a key recourse for victims of human rights abuse, the use of other instruments of redress is largely unknown and either unused or under-utilised.

"What we have done at the

meeting was to bring together human rights activists working in field to share with them concerns about where were are as a country, mechanisms and remedies available for Human victims seeking redress."

As Nigeria marks the 25 years of uninterrupted democracy, Nwankwo said that it necessary at this stage to appraise the level of respect for human rights.

He said that for democracy to survive in the country, there’s need to uphold respect and protection of human rights.

"Citizens and everyone need to towards ensuring that this is achieved," he added.

Nwankwo said that the judiciary has a lot to do to support this aspiration by looking at the human face involved while discharging justice.

A senior official in Police Inspectorate Department of the Ministry of Police Affairs, Simon Musa defended the police conduct saying that the Force has always attended cases of rights violations that were properly

brought before it. He however urged citizens and civil society activists to cooperate the security agencies in addressing any observed shortcomings.

On his part, the Programme Director of Clean Foundation said there is need to strengthen security institutions to enable them meet the accountability requirements of protecting citizen's human rights in Nigeria.

In the same vein, the representative of Amnesty International Mr. Maurice Ameh, said that the challenges most CSOs have is that they lack the capacity to go beyond calling out government and other violators of human rights in Nigeria.

He however said that the rights group has recently devised a way of bringing security agencies to account through litigation and publication of incident reports.

He said CSOs also engage in detailed documentation of civil rights violations which they submit regularly to the appropriate United

Nations agency.

He said that through these measures, CSOs will be able to put considerable pressures on the authorities in the country to respond to adequately to cases of human rights abuses.

The Executive Secretary of the Human Rights Commission who was represented by Nnamdi Obiora said that the Commission constantly monitors various security agencies to ensure their compliance with human rights provisions Responding to question on strategies the Commission is adopting to resist pressures from highly placed persons seeking to influence their work, Obiora said that by the Act setting the body, it is independent and does not succumb to such pressures.

On the recent clash between soldiers and traders at Banex Plaza Shopping Centre in Abuja, Obiora said that the incident is being investigated adding that the commission make the outcome public soon.

Founder and Chair of TEXEM UK,Dr Alim Abubakre (L) with Founder and Chair of Omnia Strategy UK, Cherie Blair CBE, KC, at Guidhall, London … recently

michael olugbode in Abuja

NatiONal

ReFORmS aND Dept maNaGemeNt...

L-R: Executive Director, Centre for Transparency Advocacy, Faith Nwadishi; Representative of the Chairman Fiscal Responsibility Commission, Chris Uwadoka; Chairman, House Committee on National Planning and Economic Development, Isiaka Ibrahim; Executive Director, Orderpaper, Oke Epia and the Representative of the Deputy Chairman House Committee on Power, Mrs. Okeke Isioma, during the National Dialogue on Fiscal Reforms and Dept Management, organised by OrderPaper in Abuja ... yesterday

Bolaji Akinyemi: Mossad’s Actions against ICC Officials Undermine Israel’s Moral Standing, Internal Cohesion

Funmi Ogundare

A former Minister of Foreign Affairs, Prof. Bolaji Akinyemi, yesterday stated that the Mossad’s actions against the International Criminal Court (ICC) officials have damaged Israel’s international image thereby

making it to lose its moral standing and internal cohesion.

Akinyemi, who was a guest on ‘The Morning Show’ on ARISE News, explained that Mossad, which is the national intelligence agency of Israel, had been going after ICC officials, blackmailing them

and even threatening their families to halt investigations into Israel.

"The ICC issue is causing Israel reputational damage," he said Akinyemi expressed concern about attempts to breach the archives of the International Court of Justice (ICJ) and possible threats against its judges

to influence their judgments.

According to him, “Israel is prepared to destroy anything and everything that stands in its way, which is not the kind of image a country wants to have internationally.”

He also cited recent reports of

Israeli soldiers in Gaza disobeying central command and acting independently, saying that this had resulted in a significant increase in Palestinian casualties.

Internally, he pointed out resignations within Israel’s cabinet, suggesting that, “the nation is losing

Make Host Communities Shareholders of Dangote Refinery, Bode George Tells Dangote

Segun James

Former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Olabode George, has advised President of the Dangote Group, Alhaji Aliko Dangote, to learn from the mistakes in the Niger Delta Region by making the host communities of his refinery shareholders.

George, warned Dangote that only under such situation would peace be guaranteed, even as he stressed that what took place in the Niger Delta region should never happen in the Ibeju-Lekki/Epe axis of Lagos, host communities of his Refinery and Petrochemical projects.

George, the leader of Lagos State PDP, while congratulating Dangote for the huge investment on the various projects in the axis and the success, described Dangote as a businessman and patriot who, through his laudable achievements was projecting Nigeria's image globally.

"I want to congratulate Alhaji Aliko Dangote. All Nigerians should be proud of him. But, let me advise him: What happened in the oil-rich Niger Delta should be avoided in Lagos.

“I was told he is helping the indigenes of that axis by giving scholarships. This is commendable. He needs to go further by ensuring that host communities housing the massive refinery project benefit as shareholders, which would reflect their inclusivity as part owners.

"The project is so massive and is eternal that the indigenes of the communities deserve more than employments and trainings.

“It is through equity holding in the company that the people can truly have a sense of inclusiveness that their inheritance had not been taken away from them for nothing.

"Being a life time business, pollution may soon start and the communities stand to lose from the degradation which the operations of the refinery would impact on the people of the communities in years ahead as the company continues in business.

"This may result in the pollution of their water which will, in turn, affect their fishing activities.

"The part ownership in the refinery is the only way to assuage the pains of indigenes of the host communities for the loss of their inheritances.”

He added: “Scholarships, training and other empowerment initiatives are good moves but for them to be fully involved in this gigantic business as a people whose inheritances were taken away from them, only part ownership of the refinery would make a lot of sense in terms of inclusiveness.

"That project is a very massive one, and is eternal, we are talking about the effect of the environmental degradation of the company's operations which will be felt by the communities for several years by generations of people of the communities. It is pertinent to accord the people of Epe and Ibeju-Lekki part ownership of the company.

“I am looking at 0.1 per cent for Epe and same for Ibeju-Lekki. It can even be higher than this ratio, depending on the magnanimity of Alhaji Dangote and his team.

"I am offering this patriotic advice because it is not only the immediate host communities within Ibeju-Lekki Local Government Area that would be affected by the environmental impact of the refinery operations. The impact would be felt by communities along the coastal area of Epe Local

Government Area.

“Several communities beyond Ibeju- Lekki would be affected due to the magnitude of the refinery operations.

"For a massive refinery worth close

to $20 billion and which is expected to produce 650,000 barrels of petroleum daily, one can only imagine the impact of environmental degradation that would be unleashed on the host communities.

its internal cohesion, a factor that Prime Minister Netanyahu has often promoted as crucial.

“The leader of the opposition in Israel has said he is prepared not to join the government but to support Netanyahu to prevent the country from breaking apart,” Akinyemi stated.

He said Israel’s actions were creating problems not only for itself, but for the rest of the world, adding that there was an increasing number of nations, particularly in Europe, recognising Palestine as a state, reflecting growing international dissatisfaction with Israel’s conduct. "If an African nation was engaging in similar actions as Israel, it would likely face government changes. The central point is that Israel has lost its moral standing in the world,” he asserted

PDP Spokesman, Activist Sue Benue Government Over Ban on Public Events

The Publicity Secretary of the People Democratic Party (PDP), Mr. Bemgba Iortyom and a human rights activists Adebayo Ogorry have approached the High Court in Makurdi, Benue State, to challenge the recent public order law the state government enacted

According to the duo, the Public Order Act is a gross violation of fundamental rights and amounts to a “reign of dictatorship” that must be halted.

The controversial law, which includes provisions such as a ban

Rainstorm: Gov Oyebanji Laments Destruction of Buildings at Itapaji, Canvasses Tree Planting

Governor Biodun Oyebanji of Ekiti

State has appealed to residents of the state to embrace tree planting around residential buildings to prevent the alarming rate of destruction of buildings by rainstorm. Oyebanji said the recurrent decimal of building wreckages being witnessed in some communities could have been averted if residents embraced tree planting that could break destructive wind during torrential downpour.

The governor spoke in Itapaji Ekiti, Ikole Local Government Area, Monday, while inspecting some buildings that were destroyed by tornado in the town over the weekend.

During the destructive rainfall, no fewer than 10 buildings, including a public institution, were blown down, with over 50 rendered homeless.

During the on-the-spot appraisal of the level of havoc wreaked in the town, Oyebanji, represented by the deputy governor, Chief (Mrs.) Monisade Afuye, regretted the alarming rate of destruction of buildings by rainstorm in Ekiti in recent times. To arrest such sordid scenarios, the governor said there was a necessity by landlords to ensure adequate maintenance of their structures to either forestall or reduce such devastating occurrence.

Sympathising with the victims, Oyebanji pledged the support of the

state government for those who had been rendered homeless as a result of the highly destructive rainstorm incidence.

His words: "This is one occurrence that was heart-rending and very devastating. I have never seen any rainstorm of this extent. Not long ago, we went to inspect some buildings that were destroyed at Ijelu and Omu Ekiti in Oye Local Government Area. The reoccurrence of this kind of incidence was becoming worrisome to us as a government.

"We thank God that nobody died. But losing property under this avoidable situation is painful. We want our people to embrace tree planting around their houses. Trees are wind

breakers that can help us protect our structures against damage.

"Besides tree planting, we should endeavour to carry out regular turn around maintenance on our buildings. This is very essential to prevent us losing our buildings to rainstorm."

The governor personally visited the home of a 120-year old victim, Chief Ajayi Fabunmi to sympathise with her over the wreckage on her building.

Conducting the governor and other officials round the wreckage, the Olu of Itapaji, Oba Abdulazees Adebanjo, applauded the state governor for showing compassion to the victims, particularly the expeditious way with which he visited the community.

on public events after 10 pm and prohibition of hawking, has been widely criticised as an attempt to stifle free speech and criminalise ordinary citizens.

The activists claim that the law is vague, oppressive, and targets vulnerable groups and perceived political enemies.

In activists words at a press conference: “We have brought an action before the High Court of Benue Holden at Makurdi, in which the government of Benue State, the executive governor of Benue State and the honourable Attorney General and Commissioner of Justice and Public Order in Benue State are all defendants, and we are seeking the intervention of the court to declare as null and void the executive order proclaimed by Governor Alia recently.

“The content is both a violation of the fundamental human rights of Nigerian citizens in Benue State, as well as constitute abuse of power and are an attempt to exercise law-making powers not donated to the governor by the constitution of Nigeria.

“We are convinced that our action is taken as a duty to save the state from the threat of executive recklessness and authoritarianism manifest in Governor Alia’s action, which, if not nipped in the bud, will undermine the cherished foundations and values of constitutional democracy upon which it is our hopes a just, strong and prosperous Benue State will be built.”

The activists urged the court to

set aside the law by the governor as null and void. They also called on the court to grant the following reliefs:

“A declaration that the requirement of “First seeking and obtaining a permit from the Department of Public Order at the Ministry of Justice and Public Order, Benue State, for the holding of rallies, wakes and other forms of public gatherings is illegal and unconstitutional as it violates sections 40, 41, 45(1) of the 1999 Constitution and Article 11 of the African Charter on Human and People’s Rights (Ratification and Enforcement) Act, Cap. 10, Laws of the Federation of Nigeria, 1990.

“A declaration that the provisions of the Public Order Act, Cap. 382, Laws of the Federation of Nigeria, 2004, upon which the Executive Order made by Governor Hyacinth Alia and signed on 27th February 2024 was purportedly premised, is in itself illegal and unconstitutional as it contravenes sections 40, 41, 45(1) of the 1999 Constitution (as Amended) and Article 7 of the African Charter on Human and People’s Rights, Cap. 10, Laws of the Federation of Nigeria, 1990.

“A declaration that the Defendants are not competent under the Public Order Act, Cap. 382, Laws of the Federation of Nigeria, 2004, or under any law made by the National Assembly or the Benue State House of Assembly whatsoever to issue any permit for holding of rallies, wakes or any such public gatherings after the hour of 10 PM.

Gbenga Sodeinde in Ado Ekiti

George Okoh in Makurdi

DialOGue ON FiScal

PHOTO: ENOCK REUBEN

2024 AkIntolA WIllIAmS Youth DeBAte CompetItIon...

Rivers Govt Denies Court Ruling Affirming Amaewhule, Others as PDP Members

Blessing Ibunge in Port

The Attorney-General and Commissioner for Justice in Rivers State, Mr Dagogo Iboroma (a Senior Advocate of Nigeria), has rejected the news going round that a State High Court in Port Harcourt, affirmed that Martin Amaewhule and 26

other lawmakers are members of the Peoples Democratic Party (PDP).

Earlier, yesterday, there was a trending report that the court presided by Justice Okogbule Gbasam of the State High Court, had held that the claimant in the said matter failed to prove that Amaewhule and 26 other lawmakers, had defected to

the All Progressives Congress (APC).

The news also stated that Justice Gbasam further allegedly held that the Rivers State government was bound to obey all laws passed by the Assembly, as they are still members of the PDP hence, their names are still in the PDP’s membership register as provided by the party.

Reacting to the alleged court ruling, the State Commissioner for Justice, Iboroma, said there was no declaration to the effect that Amaewhule and 26 others were members of PDP and the Rivers State House of Assembly, stressing that the information was meant to deceive the public.

Unity Bank Projects N5.2bn Profit in Q3

Unity Bank Plc has projected a profit after tax of N5.2 billion in the third quarter (Q3) of 2024, according to its latest earning forecast released to the Nigerian

Kano Journalists Protest Ill-treatment by State Govt, Boycott Activities

The Kano Correspondents' Chapel of the Nigerian Union of Journalists (NUJ) has boycotted all activities related to the Kano State Government with immediate effect over ill-treatment of its members.

The decision was taken yesterday, after an emergency meeting with the Chapel members who report for various media organisations in the country.

The Chapel rejected the persistent and unacceptable mistreatment of its members by the government and its agents while discharging their primary assignments.

A statement signed by the Chapel Chairman, Aminu Ahmad Garko of News Agency of Nigeria, noted that, "despite our efforts to engage with the government and its agents to address these issues, we have seen no improvement in the situation."

It added: "Members of the chapel continue to face harassment, intimidation, and even physical assault while performing their duties.

“It is particularly concerning that the government has prioritised nonprofessionals over trained journalists, making it a state policy to sideline those who are best equipped to handle the job.

“As a result, we regret to announce that we will no longer participate in press conferences, cover government events, or conduct interviews with state officials until we see a tangible commitment to press freedom and the safety of journalists.”

Exchange Group.

The lender projected a pre-tax profit of N5.7 billion while targeting a turnover of N26.93 billion in gross earnings during the quarter, an 8.2 per cent increase from the Q2, 2024 projection of N24.89 billion.

“An essential part of the earnings forecast also shows that the lender expects to record its interest income at N23 billion, with net revenue anticipated to hit N6.58 billion for the period.

“Operating income is expected

accept N62,000 or N100,000 as the minimum wage for Nigerian workers.

Onyeka described the minimum wage proposal as a “starvation wage”, saying, “We have never considered accepting N62,000 or any other wage that we know is below what we know can take Nigerian workers home. We will not negotiate a starvation wage.

“We have never contemplated N100,000, let alone N62,000. We are still at N250,000, that is where we are, and that is what we considered enough concession to the government and the other social partners in this particular situation.

“We are not just driven by frivolities but the realities of the marketplace, realities of things we buy every day: a bag of rice, yam, garri, and all of that.”

Katsina State Governor, Dikko Radda, had on Sunday, said each state government in the country should be allowed to set its own minimum wage.

Speaking on TVC Television, the governor said only Nigeria has one single minimum wage for workers across all the globe

His view represented a greater percentage of the governors who insisted the Nigeria operates a federal system and not a military system of government.

The governor said the minimum wage should be sustainability and affordability.

According to the Katsina State Governor, "It is only in Nigeria that we have one single minimum wage

to rise to N13.38 billion, while cash flow from financing activities is projected to rise to N353.6 billion.

“Moreover, the improved projected cash from financing activities and the expected increase in cash and cash equivalents highlight the lender’s strong liquidity position, which is critical for sustaining current and future business operations,” a statement added.

The lender stated that it expects the results to be achieved and surpass the projection, barring any

for labourers across all states.

"In other countries, different states have different minimum wages based on sustainability and affordability.

“What is the need for the State government to agree to pay N100,000 if they can’t implement it? he asked.

Minimum wage is currently on the exclusive legislative list, which gives power to only the federal government to determine it.

States Urge FG to Gradually Phase Out Electricity Subsidies in Power Sector

The NGF has called on the federal government to gradually stop the payment of electricity subsidies saying it is “ineffective”.

The state governors made this known in a document circulated at the tripartite meeting on the minimum wage meeting, titled: "Development of the National Integrated Electricity Policy and Strategic Implementation Plan: Policy Recommendations by State Governments to the Federal Ministry of Power’’.

“Electricity is a commodity and a product that must be paid for by consumers. The states believe that electricity subsidies and other forms of financial interventions in the power sector by the federal government over the last 15 years have been inefficient and ineffective so far,” the NGF said.

It said that rather than improve the quality and reliability of service,

unforeseen significant changes in the operating macroeconomic environment under which assumptions underlying the forecast were made.

Analysts believe that the positive outlook of the lender’s Q3, 2024 earnings forecast reflects strategic growth in key financial metrics, a focus on strengthening its income base, efficient financial management, and enhancing customer deposits geared towards maintaining a strong, stable, and profitable financial institution.

electricity subsidies in the sector had been applied to cover inefficient costs and lack of service by Distribution Companies (Discos), Transmission Company of Nigeria (TCN), Generation Companies (Gencos) and gas producers.

The governors recommended a series of policies to tackle the challenges within the power sector.

The recommendation comes at a time when regulatory authority is being transferred to states. In April, the Nigerian Electricity Regulatory Commission (NERC) transferred oversight of the electricity market in Ondo, Ekiti and Enugu to each state’s electricity regulatory bureau.

According to the document, the states recommended that wholesale and retail electricity subsidies to customers and across the Nigerian Electricity Supply Industry (NESI) value chain be reduced and eventually eliminated over time.

“Moreover, the so-called electricity subsidies benefit only customers who are connected to the national grid and enjoy some form of supply reliability. Millions of households, particularly in underserved and unserved communities, pay more than twice the average true cost of on-grid supply.

“The 2001 national electric policy recommended the restricted use of subsidies for the promotion of universal access to electricity. States agree with the retention of this policy.

“To this end, states recommend that wholesale and retail electricity

The Rivers State Attorney-General, therefore, urged members of the public to disregard such news, emphasising that the entirety of the news was not true and had no basis in law.

Speaking with journalists in Port Harcourt, yesterday, the State Attorney-General said, as the 3rd defendant in the matter registered in Suit No. DHC/20/CS/2024, his attention was drawn to a recent judgment of the court to that effect. Iboroma, explained that the suit in question, did not seek to declare the seats of Amaewhule and 26 others in Rivers State House of Assembly vacant.

According to him: "The suit of the claimants was struck out for want of locus standi and jurisdiction and also for being an abuse of court process which robbed the trial court of jurisdiction to adjudicate on the matter.

"As you all know, Martins Amaewhule and 26 others defected from the PDP to the All Progressives Congress on the 11th Day of

subsidies to customers and across the NESI value chain are reduced and eventually eliminated over time, except for pre-defined customer categories or in line with national economic growth initiatives.

“Where electricity subsidies are deemed necessary, the states propose a cost-of service analysis which will be conducted by the state to determine the cost of supply and arising electricity subsidies for each state,” the governors explained.

They stated that if subsidies must continue to be implemented as a specific policy of the federal government, there must be a provision for funding the subsidies before implementation.

The forum also asked the federal government to be transparent and precise in its regulatory framework to determine the extent of subsidies required and the category(ies) of consumers that would be eligible to receive electricity subsidies.

The states advised the federal government to implement a “nometer, no-service” policy for all new electricity connections.

According to NGF, the provision of electricity meters to close the huge metering gap is a requirement to make sub-national markets viable.

December, 2023, and stated that much in affidavit evidence deposed to by Martins Amaewhule for himself and on behalf of 26 others in Suit No. FHC/ABJ/1681/CS/2023 before Hon. Justice Donatus Okorowo of the Federal High Court, Abuja Division. The Suit is still pending in court."

Explaining further, Iboroma said: "By Section 272(3) of the 1999 Constitution as amended, it is only the Federal High Court that can determine whether Martins Amaewhule and 26 others are still members of Peoples Democratic Party and also members of the Rivers State House of Assembly. This much was held by the trial court." He recalled that, "there is a subsisting order of interlocutory injunction in Suit No. PHC/1512/CS/2024, restraining Martins Amaewhule and his co-travellers from further parading or presenting themselves as lawmakers in Rivers State pending the determination of the substantive suit, which has not been appealed against till date."

However, NGF said States Electricity Regulatory Commissions (SERCs) in conjunction with the distribution licensees should be allowed to determine the meter technology, type and form of meters to be deployed within their states’ electricity markets.

“States are of the view that the national electricity policy should mandate an immediate “no-meter, no-service” policy for all new connections, to prevent the metering gap from further increasing,” NGF said. It urged the federal government to provide low-cost, long-term funding for metering schemes as direct loans to distribution licensees or off-balance sheet funding through special purpose meter finance companies to close the metering gap. This , it said should be done while also encouraging electricity customers to directly purchase prepaid meters from accredited meter asset providers and manufacturers accredited by the SERC.

“States on their own will implement their viable metering programmes and metering regulations to close the metering gap within their state electricity market,” the governors added. In terms of electricity tariff, NGF said states will implement different end-user tariff methodologies within their markets according to the state electricity policies and strategic implementation plans, viability and market sustainability requirements and peculiar socio-economic characteristics in states.

“However, states recommend that electricity tariffs should be both efficient and cost-reflective across the federation. States urge the federal government to revert to the 2001 Electric policy recommendation

Ahmad Sorondinki in Kano

Harcourt

on

L-R: Executive Secretary, Nigeria Britain Association (N-BA), Miss. Olajumoke Adeola; President, N-BA, Mr. Sola Oyetayo; representatives of Dansol High School, winners of the Youth Debate Competition; and the School Educator, Mr. Isiolaotan Ayanfe Oluseun (right) during the 2024 Akintola Williams Youth Debate Competition organised by the N-BA in Lagos...recently.

Benin Cheetahs Beat Super Eagles to Dim Nigeria’s Chances of Qualifying for W'Cup

Femi Solaja

Nigeria’s poor run in the 2026 World Cup qualifiers continued yesterday with Benin Republic defeating the Super Eagles 2-1 to temporarily move to the top of Group C on seven points.

With a miserable three points from a possible 12, Super Eagles are stuck in fifth spot in the sixteam group. Nigeria’s chances of making it to the 2026 World Cup to be jointly hosted by Canada, USA and Mexico now hangs in the balance.

It was massive triumph for Benin Republic’s German Coach, Gernot Rohr who was sacked from the Nigerian job in 2021 after leading Super Eagles to third placed finish at AFCON 2019 and qualification for the 2018 World Cup in Russia where Nigeria crashed out in the first round.

The Coach Finidi George coached Eagles started the game on top, controlling the play and bossing

RESULTS

Benin

G’Bissau

B’Faso 2-2

E’Guinea 1-0

Lesotho v Rwanda

S’Africa v Zimbabwe

S’Sudan v Sudan

Mauritius v Eswatini

C’Verde v Libya

Angola v Cameroon

Zambia v Tanzania

Congo v Morocco

Kenya v Côte d’Ivoire

Gabon v Gambia

Ma’gascar v Mali

possession. On the other hand, Benin were content with sitting back and hitting the Super Eagles on the counter.

Nigeria created the better chances with Ademola Lookman

getting close midway into the first half. However, he was unable to find the target.

Super Eagles finally got on the front foot in the 27th minute when Samuel Chukwueze displayed a

moment of brilliance on the right side for Raphael Onyedika, who was lurking in front of the box to score within the area.

The lead did not last long, however, as Jodel Dossou capitalised

on some shambolic defending from Nigeria’s backline and scored to make it 1-1 after 37 minutes.

Eight minutes later, just before the break, Benin scored again. And it was still because of their poor defending.

The Cheetahs won a corner on the right side of their attack. The corner was a poor one, but the Super Eagles did not defend it well. Eventually, it fell to Brest attacker Steve Mounie, who struck the ball into the net with aplomb to make it 2-1.

The possibility of the Super Eagles winning the group is now very remote while picking a second

place to go into a tortuous playoff series that will involve four best second-placed teams among nine is now Nigeria’s best route to reach the Mundial.

The four best second placed teams will go into a play-off while the winner will further go into an inter-continental play-off to get to the World Cup.

The fate of Finidi George as Super Eagles gaffer will become the major subject of discussion at the NFF’s Sunday Dankaro Secretariat following his display of lack of capacity to handle the post vacated by Portuguese Jose Peseiro.

The Minister of Sports Development, Senator John Owan Enoh, has demanded a detailed technical report from the Nigerian Football Federation (NFF) following Super Eagles' disappointing performances in this June FIFA 2026 World Cup qualifiers.

in addition to the kind of open and positive working relationship between the Ministry and the NFF.

"The recent results are unacceptable," Senator Enoh stated.

Golf: Oboh’s Victory at John Shippen Women's Invitational Excites Runsewe

Olawale Ajimotokan

Nigeria’s female professional golfer, Georgia Oboh, has been commended by the President, Nigeria Golf Federation (NGF), Otunba Olusegun Runsewe, for winning John Shippen Women's Invitational in Grand Rapids, Michigan, U.S.

Benin Republic players carry Coach Gernot Rohr shoulder high in celebration of the Cheetahs famous victory over Nigeria’s Super Eagles in Match-day 4 fixture of the 2026 World Cup qualifier in Abidjan, Côte d’Ivoire...yesterday evening is reward for hard work.

The Super Eagles have only managed to secure only one point from a possible six, following a 1-1 draw with South Africa in Uyo and losing 2-1 to Benin Republic in Abidjan in its third and fourth games of the qualifying series.

"Despite the immense support from President Tinubu and the high expectations of Nigerian football fans, the Super Eagles have underperformed.

“The NFF must provide a comprehensive technical report explaining the reasons behind this poor showing and give cause why there mustn't be consequences for the disappointment caused both Government and the generality of Nigerians,” observed the Sports Minister.

She won the tournament where another Nigerian, Anita Uwadia, tied for third position with Ashley Shaw of the U.S. Incidentally, Meijer LPGA Classic for Simply Give, will hold from

Last week, 23-year-old Oboh made a giant leap in her flourishing career by winning John Shippen Women's Invitational by three-stroke to secure exemptions to Meijer LPGA Classic for Simply Give and Dow Championship, both on the LPGA Tour.

June 13 on the same Michigan course where Oboh triumphed after shooting 69-70—139 to be followed by Dow Championship, which runs from June 27-30 in Midland also in Michigan.

Runsewe, while commending Oboh, who is Nigerian first tour professional golfer, described her accomplishments as an inspiration to other children in Nigeria and for reinforcing the old maxim that there

Special Olympics Nigeria Hosts Unified Sports Competition and Fun Day

Special Olympics Nigeria (SO Nigeria) recently celebrated individuals with and without intellectual disabilities through its Unified Champion School (UCS) programme platform. The platform facilitated a oneday event titled "Unified Sports Competition and Fun Day" in Ogun and Lagos states on May 10 and June 1, 2024, respectively. These events marked the successful implementation of the UCS programme in both states. Participants included athletes (persons with intellectual disabilities), unified partners (persons without intellectual disabilities), family members, and state educators.

In Ogun State, the event took

place at St. Peter’s College Olomore’s modern sports complex. Unified teams comprising persons with and without intellectual disabilities competed in football and volleyball. In the football semifinals, four teams—Fun, Happy, Laughter, and Joy—competed. Team Laughter secured first place, with Team Joy coming second, Team Fun third, and Team Happy fourth. In volleyball, Team Wura triumphed over Team Base.

In Lagos State, the event was hosted at the National Sports Institute (NIS) sports complex within the National Stadium Surulere. Participants engaged in football and basketball competitions. Four teams—Akamu, Amala, Moinmoin

and Gbegiri—competed fiercely.

Team Moinmoin won gold in football, with Team Gbegiri took silver, and Teams Akamu and Amala securing bronze and fourth place, respectively. In basketball, Team Amala won gold, Team Moinmoin took silver, and Teams Gbegiri and Akamu earned bronze and fourth place, respectively.

All athletes received medals at the end of the competitions. The event also featured various entertaining activities, including a mothers and children dance competition, an egg race, and a bouncing castle.

A notable highlight was the attendance of Ms. Brittany Orange, the United States Political Officer to the US Consulate in Nigeria.

He said her victory was a fulcrum of great possibilities and renewed hope for Nigeria and Nigerians.

"Congratulations to our very own Georgia Oboh on your well-deserved victory at the John Shippen Women’s Invitational at Blythefield Country Club in Grand Rapids, Michigan.

"We believe in you to keep the Nigerian flag flying high and keep doing your very best to ensure that you represent our dear country as a good ambassador of the game of golf," Runwese said.

Runsewe also lauded Uwadia for her tied for third position in Michigan, describing the feat as exceptional as Nigerians are among the few black professional female golfers on the tour.

He assured of NGF’s continued support for golfers to enable them reach their full potential and exhibit their talent.

He urged parents to encourage their children to start playing golf at an early age, describing it is a sport they can be engaged in for the rest of their lives.

"Hand your child a golf club, and you might be surprised what happens.

"Your child might not be the next Tiger Woods, but golf can make a big impact in a young life.

"Many of the skills learned on the course translate to real life," Runsewe said.

These results leave the Super Eagles with a total of just three points from a possible 12, of the four games played thus far in their quest to qualify for the Mundial to be jointly hosted by USA, Canada, and Mexico.

Senator Enoh expressed his dissatisfaction with the outcomes, especially considering the substantial support the NFF has received from President Bola Ahmed Tinubu's administration

He emphasised that Nigerian the football fans demand and deserve answers and accountability from the NFF. "Our supporters are passionate and devoted. They deserve an explanation for why our national team has not been performing to the expected standards since after the last AFCON.”

Michael Olugbode in Abuja

Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, has commended the Chief Executive Officer of Daniel Ford International, UK, Mr Yemi Edun, for the extraordinary Chess Match between the Nigerian prodigy, Deborah Quickpen and Guiness World Record Holder, Tunde Onakoya, scheduled to hold today, June 11, 2024, in Lagos.

Dabiri-Erewa stated that an initiative such as this, will continuously encourage Nigerians in the Diaspora to do all they can to contribute meaningfully back home.

She said: “I commend you and your team for organising such a meaningful event and for

your dedication to the cause of education and empowerment through Chess. NIDCOM is glad to partner with you..“

She added that: “I am confident that this event will be a resounding success and contribute significantly to the growth of Chess in Nigeria and the support of Chess in slums". Deborah Quickpen is ranked Number 4 in the Global Under-12 Category, Number 3 in Africa and Number 1 in Nigeria while Tunde Onakoya is the Guinness World Record Holder. The historic Chess Competition is being organised by Daniel Ford International, a real estate and property conglomerate based in the UK and the Nigerians in Diaspora Commission, (NIDCOM).

NAPTIP to Orphanages

“We are investigating a lot of Orphanages around the country, NAPTIP is currently prosecuting some of these Orphanages. The agency is witnessing a lot with these Orphanages. No Orphanage has the right to conclude the adoption of children. NAPTIP comes in when there is an element of human trafficking” ––D-G,National AgencyfortheProhibitionofTraffickinginPersons(NAPTIP),Prof.FatimaWaziri-Azi, warnsOrphanagesagainstchild traffickinginthecountry.

TUESDAY WITH REUBEN ABATI

abati1990@gmail.com

A Day With Seyi Makinde

Seyi Makinde is the Governor of Oyo State (PDP), the only Governor to have broken the jinx of a second term in office in Oyo State. Elected in 2019, he has just completed the first year of his second term in that office. Previous Governors in that state before him since Bola Ige in the Second Republic, Omololu Olunloyo, Lam Adesina, Rasheed Ladoja, Adebayo Alao-Akala, Abiola Ajimobi did only one term in office. I spent last Saturday as his guest in Oyo state along with other colleagues. The day started quite early with a rendezvous in the Governor’s main Conference room where introductions were made as is customary and the guests were given a profile of the visit for the day: a tour in the morning, a short break during which the Governor would attend to an Olubadan function, and the second phase of the visit would be a visit to other parts of the state, Oyo, Iseyin and a place called Fashola Farms. This was not meant to be a “National Tour” – the kind of tours once organized by the Nigerian government where journalists were required to praise-sing the government.

There were many senior journalists on this visit, including a new set of editors who were probably still in primary or secondary school when the more senior persons began this journey of he said, she said, what, where, why, how, when, and to what effect, with mountain loads of analysis wedged in. But we were all in Ibadan, partly in deference to our Ibadan colleagues, better known as the Ibadan Mafia, the home-based journalists of Ibadan who have consistently proven that they belong to the national guild, and have thus sustained a strong tradition of journalism and a sense of belongingness on the bigger stage, certainly not the province. I refer specifically to the boys of Nigerian Tribune, currently led by Edward Dickson; valiant warriors of the pen all of them. I have a brother out there. I also have a brother-in-law at the commanding heights of the Imalefalafia operation. The Governor’s Special Adviser, Media and Publicity, Sulaiman Olanrewaju, also a Nigerian Tribune journalist, was our Media Adviser during the 2019 PDP Gubernatorial race in Ogun State. It was a great pleasure to reunite for a day, with the boys – one of those rare opportunities to do something different from the usual grind of monotonous routine. The Governor, Seyi Makinde blended perfectly. He dressed like the boys. He spoke like the boys. Our first port of call was an Independent Power Project (IPP), located within the vicinity of the Oyo State Government Secretariat, a power project began by Chief Obafemi Awolowo, during his time as Premier of the Western Region in the 60s. What Makinde has done is to re-vitalize the power project, to supply up to 15MW of electricity to the secretariat and other government offices as well as industrial units. It is a hybrid project, dependent on Compressed Natural Gas (CNG), and an alternative solar energy supply of one megawatt. It would take 18 months to complete and in an adjacent plot of land, visible efforts were underway to install more solar panels. We asked the Governor about cost, he said it was a public-private partnership project, and that there are more than enough off-takers already. We also asked to know where the compressed natural gas would come from. He said from the Escravos line and Lagos, but alternative arrangements are currently being made. There is no gainsaying the fact that the supply of electricity is crucial to the development process, even for the general well-being of society. The Electricity Act of 2023 is one of the major achievements of the Tinubu administration namely the decentralization of Gencos and Discos in the country, that is the removal of electricity from the exclusive list. The 2023 Act provides a wide template for state governments in the ownership of the electricity value chain. The 2024 Amendment of the same Act further affirms host communities’ involvement in the energy sector and Corporate Social Responsibility priorities. Makinde’s concern as he put it is to improve the quality of life and

Governor Makinde

provide electricity for the people of Oyo state in the context of the much-discussed energy transition.

This is akin to steps along the same lines being taken by other states like Ekiti where Governor Biodun Oyebanji has set up a State Electricity outfit known as Ile Iyi Electric Power Company Nigeria Ltd., and the Ekiti State Electricity Regulatory Bureau (EERB); Abia State where we have the 181-Megawatt Geometric Power Plant envisioned and operationalized by Professor Barth Nnaji, Enugu State where there is an Enugu Electricity Distribution Company (EEDC) and a SubCo. and of course, Lagos State, Nigeria’s commercial nerve-centre which has been in the forefront of resolving the electricity question through its Lagos State Electricity Board (LSEB). Other states including Edo, Kaduna, Kano, Nasarawa, Benue, Zamfara, Sokoto and Osun have also either signed electricity laws or are in the process of doing so.

From the Oyo State IPP project around the Secretariat, one of others across the state we were told, we moved to the Omololu Olunloyo Park, close to the airport in Ibadan, part of a bigger plan to develop the area around the Ibadan airport into an aerotropolis, a major tourist attraction and boost economic growth. Still under construction, the Olunloyo Park was flagged off by former Governor of Rivers State, Nyesom Wike, now Minister of the Federal Capital Territory in 2023. Wike is Makinde’s political ally. In 2023, he invited him to commission the Dr. Olunloyo Airport Road and the Aviation Fuel Tank Depot, and to flag-off the Olunloyo Park. The less said about the Wike-Makinde political alliance and how they and others sabotaged the People’s Democratic Party (PDP) in the 2023 Presidential election, the better, this not being a commentary on the monkey-business of Nigerian politicians. The city of Ibadan is littered with roads and monuments named after former Governors. Makinde said he has not named anything after himself because he believes that is a decision to be taken by his successors if they consider him worthy enough. I thought that was a clever thing to say and do, in a country where when a state governor buys a school bus, he puts his name on it! Omololu Olunloyo, after whom the tourism park is named is most deserving of the honour. Olunloyo, now 89, Ph.D, St Andrews University in Mathematics, was Governor of Oyo State after Bola Ige, between October and December 1983 – three months - before General Muhammadu Buhari seized power with the barrel of the gun in December 1983. Previously, Olunloyo had served as Commissioner

for Economic Development in the Western Region at the age of 27, and subsequently as Commissioner for Community Development, Education, Special Duties, Local Government and Chieftaincy Affairs and as Chairman of the Western Nigerian Development Corporation. Makinde has honoured him with a Tourism Park which also projects the cultural history of Ibadan with imagic, fine/applied and spatial arts. At the centre of the park is an open rotunda amplified with the metallic sculpture of a selection of Ibadan heroes: drummers, Basorun Ogunmola, Latoosa, Efunsetan Aniwura, Basorun Oluyole – each representing significant and signifying moments in the history of the Ibadan people. The Park is designed as a venue for social events and conferences, with every space on the walk designed with murals about the people’s culture and sociology, including tribal marks and musical instruments. Not exactly a limitless space, so we asked the Governor about parking space, when eventually the Park becomes functional. He showed us a large plot of land on the other side of the road where a multi-layered parking space would be built, and linked to the main park with a footbridge. As a student of culture, the semiotics of spaces, leisure and culture, I was naturally excited. There were many other projects that we saw that showed that the Ibadan city of today has grown beyond and better than its iconic description by J. P. Clark the poet in his 1965 poem where he said of Ibadan: “Ibadan/running splash of rust/ and gold-flung and scattered/ among seven hills like broken/China in the sun” The rust of old is gradually being replaced by upper middle-class estates and expensive roofs. No wonder many Ibadan denizens think Lagos is all show and no class.

Our next stop was the 110 km Ibadan Circular Road which consists of carriageways, eight lanes, seven bridges, five interchanges and 29 box culverts. The project was actually started by Alhaji Lam Adesina when he was Governor of the state, between 2005 and 2008, Governor Rashidi Ladoja further re-designed the road. Other Governors – Adebayo Alao-Akala and Abiola Ajimobi also tinkered with the road. The plan is to encircle Ibadan city around four sections – South East (32.2km), North East (20km) North West (33 km), and South West (24 km), and thus link the road to the Ibadan Ife Expressway, the Moniya Train Station, the Oluyole Free Trade Zone, and connect motorists to Ile Ife without passing through the notorious Iwo Road, reduce travel time thereby and make it easier to and from Lagos, by easing age-long traffic jam. By March 2024, Governor Makinde had completed the 32.2 km stretch of the road. He took us to one of the interchanges, below which was the Ibadan-Ife road - a typical Federal Government Road. “I didn’t start this road”, he said. “I met the design, but as an engineer, I am determined to deliver it. My administration may not be able to take it all the way down to the entire stretch of 110 kilometres, but we will do at least about 75 kms of it and whoever succeeds me, can complete the remaining 35 to 40 kms.” He added that the plan is to make part of the stretch of the road a hub for estate and business development. “But when we launch that, it would be proper development. Nobody will be allowed to build shanties anywhere around here. No shanties,” he said. “Many people did not believe that we were serious about this project may be because they think a state government cannot build a road anew. Even when we started, people were encroaching on the right of way, erecting structures on government land, not believing that the road would ever be built. As we worked on the road, people were roofing houses and constructing. But now that they see that we are serious, they are jittery. If we want to follow the rule of law, we will demolish all their structures and not pay compensation, but I cannot do that. We will still have to help our people.’ Journalists like to ask questions. “Mr. Governor, I think we can conveniently call you Mr. Infrastructure”. During the 2023 re-election campaign, Makinde’s

media people had rolled out a catalogue of his achievements under the handle @FeedbackOYSG crowing everyday about 60 model schools, renovation of 209 primary healthcare centres, purchase of additional vehicles for Oyo Amotekun and other security agencies, and the reconstruction/ rehabilitation of roads – Iseyin-Fidipote-Ogbomoso, Moniya-Ijaiye-Iseyin Road and Oyo-Iseyin Road, OYSEMA, OYSROMA and so on. In response, the Governor said: “To tell you the truth, I actually do not want to be known as a Governor who built roads or provided infrastructure. That is normal government work. I would prefer to be known as a Governor who built institutions. This is why we are setting up an agency that is like MAMSER in Oyo State. Professor Jerry Gana has been invited to come and launch it for us on Tuesday. Oyo state has a history of pioneering institutions. This state started the Road Safety Corps with Professor Wole Soyinka. The Federal Government went and copied it and they made a mess of it. But this state must continue to do what it does best: build people and institutions.”

The Governor later excused himself. He rushed to the Olubadan event and returned in time for us to set out again. We went to see the Oyo MAMSER agency – Oyo State Mobilization Agency for SocioEconomic Development - and then went on to the Moniya-Iseyin road, and Iseyin-Oyo road, on our way to Fashola Farms, an agribusiness Industrial hub that the Governor says he considers very important. On the way to Iseyin, we travelled between portions of the road that had been rehabilitated by the state government, after long negotiations with Federal Government and we had the chance to compare what the Federal Government did previously with an old rickety bridge that would hardly take a wide-bodied vehicle. The same Federal Government, Makinde said, insisted that certain standards must be met if the state must take over a Federal road. We saw the difference between the Federal standard and the Oyo state standard! We laughed. But the bigger revelation along the way was how the entire stretch towards Fashola Farms is made up of farms on both sides of the road: cassava, tomatoes, vegetables, with Governor Makinde boasting that agribusiness thrives in Oyo State. We even saw Obasanjo Farms to the left, stretching far into the distance. I observed however that many of the farms, with the exception of about three, had no fences, just open farms. So, why does anyone complain about cattle herders destroying their farms? I would assume that farmers have an obligation to protect their property, by just fencing the perimeter. “Cost”, both Prince Dotun Oyelade and Chief Bayo Lawal explained to me. “Farmers take loans to set up farms. How many of them can afford to use bank loans to build perimeter fences? But we have Amotekun in Oyo State. This state is very safe.” Still along the way, we saw a factory that produces brown sugar. “When we fixed this road, the owner of this factory was encouraged to return. Activities also resumed at Obasanjo Farms,” Makinde said.

We finally made it to Fashola Farms. Fashola? BRF? Former Governor and Minister? Only to be told that the whole of that area is called Fashola, and that it is the host community that insisted that the project should be named after the community. The Farm Settlement was actually established, again by Awolowo in the 1950s, over 1, 000 hectares of land, run by about 10 agri-investor companies, planting all kinds of agricultural produce. Makinde revived it. Unlike the farms we saw on the way, this particular settlement is fenced all round. We saw a tomato nursery. We trekked all the way down to a ranch, where we saw fat, well fed cows, promenading luxuriantly inside a fenced space with lush grass. They didn’t look aggressive at all. We retired in the evening to dinner, within the same neighourhood with drinks provided by Bola Okolie’s Bonix Drinks, comedy by MC Ajele, and good music by a Dee Jay. Very early on Sunday morning, I was back in Lagos…