MONDAY 14TH OCTOBER 2024

Lokpobiri: FG Targets

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Mohammed Accepts to Replace Damagum As PDP Crisis Deepens

Pledges to abide by party’s constitution Instructs Northcentral to forward names of choice candidates for

Chuks Okocha in Abuja

Efforts to resolve the leadership crisis in the Peoples Democratic Party (PDP), seemed to have taken a turn for the worse as Alhaji Ahmed Yayari Mohammed, yesterday, accepted an earlier appointment as replacement to the embattled National Chairman of the party, Illya Damagum.

This was in spite of the directive by governors of the party to all camps to sheathe their swords, following their intervention last

Friday.

Mohammed, one of the parties to the disagreements, pledged to abide by the PDP constitution in running the affairs of the party.

However, he said, “We must admit that we have not satisfactorily carried out the critical role expected of a virile opposition in a democracy.”

Mohammed, who stated in his acceptance letter, added that, "The NWC under my leadership will be

Governor Dapo Abiodun; newly installed Lapo Ekun, Tunde Odulaja, and the Awujale of Ijebu Land, Oba Sikiru Kayode Adetona, after

installation

Odulaja in Ogun State…recently

Emmanuel Addeh in Abuja The federal government at the weekend

L-R: Host, Nancy Isime; Indomie Heroes Award Winner, Physical Bravery Category, Kundushima Kwana; Indomie Heroes Award Winner, Intellectual Bravery Category, Khalifa Aminu; Indomie Heroes Award Winner, Social Bravery Category, Mary Timbee; Group Corporate Communications and Events Manager, Dufil Prima Foods, Temitope Ashiwaju; at the 16th Indomie Heroes Award Ceremony held at Ultima Studios, Lekki...yesterday

Segun Awofadeji in Bauchi Minister of Foreign Affairs, Ambassador Yusuf Tuggar, has urged Nigerians not to lose faith in

Nigeria's Foreign Debt May Hit $50bn

Nigeria's external debt stock is expected to hit $50 billion as the Debt Management Office (DMO) prepares to release the latest public debt data-- third quarter (Q3) 2024.

As of March 31, 2024, Nigeria’s

total public debt stock stood at N121.67 trillion ($91.46 billion), comprising domestic component of N65.65 trillion ($46.29 billion), while external debt was N56.02 trillion ($42.12 billion).

Fast forward to September 30-- the end of the third quarter of 2024, the country has procured

series of external loans from the World Bank and other multilateral agencies.

According to the DMO figures, as of March 31, 2024, Nigeria’s debt to the World Bank alone amounted to a total of $15.59 billion.

Since then, the federal

government had in June obtained a $2.25 billion World Bank facility for the Nigeria Reforms for Economic Stabilisation to Enable Transformation (RESET) Development Policy Financing Programme (DPF) and Nigeria Accelerating Resource Mobilization Reforms (ARMOR)

Rivers Crisis: Fubara Remains Our Leader, Secondus Declares, Says Nigeria is Drifting

Chuks Okocha in Abuja

A former national chairman of the Peoples Democratic Party (PDP), Uche Secondus, has said Governor Siminalayi Fubara of Rivers State remained the leader of the party in the state. Secondus, who maintained that two captains could not steer a ship, however, declared that Nigeria was drifting towards a failed state. There has been no love lost between Fubara and his predecessor, the Minister of the Federal Capital Territory (FCT), Nyesom Wike over control of the PDP structure in Rivers State.

While Wike said the governor had bitten “the fingers that fed

guided strictly by the constitution of our party and I will at all times be fair to all members, irrespective of their status, position or state in the party.”

THISDAY gathered that after a meeting on Friday between the chairman of PDP governors’ forum, Senator Bala Mohammed, and Damagum, it was agreed that a meeting of the governors would hold today to resolve the leadership crisis.

But Mohammed, yesterday, apparently preempting the meeting, announced the acceptance of his nomination.

He wrote: "Dear party members, it is with the deepest sense of duty that I address you at this time. The domestic events within our party in the last few days call for deep reflection about the management of the PDP, especially at this crucial time in our nation.”

He explained that this was “particularly as it relates to our role as an opposition party and general management as a constitution compliant party in the true spirit of the mission and vision of the founding fathers, which are equity, fairness and justice.”

The new nominee stressed, "I am humbled and grateful by the numerous messages of solidarity, support and best wishes received

the administration of President Bola Tinubu because of the hardship they are facing, assuring that there is going to be light at the end of the tunnel.

Tuggar made the plea over the weekend while fielding questions from journalists during an interactive session at the Tuggar Foundation office, Bauchi.

He stated that Nigeria was not the only country facing hardship currently, stressing that it is a situation that equally affects other parts of the world. According to him, the policies of the past administration contributed greatly to the hardship in the country.

Tuggar also blamed the 2008 global financial meltdown and other unavoidable calamities that affected the world, such as the coronavirus pandemic. He stated, "Nigerians over the years have been importing petrol.

We had four refineries, two were built in the 1960s in Port Harcourt.

We have the Kaduna and the Warri refineries. These were built when

him and will not relinquish the party’s structure to Fubara,”the governor has had the backing of major stakeholders in the state, including Secondus.

Speaking with newsmen, weekend, the former PDP national chairman regretted the ongoing crisis in the state, which he said was driving potential investors away from the state but expressed hope that the crisis would soon be a thing of the past.

He admonished those who were against the governor to embrace peace in the interest of the state and its people.

“There are no two captains in a ship. Governor Sim is the governor and the leader of our

from members of our party across the country. The enthusiasm and relief expressed revealed the desire and determination of our members to see a PDP that is strong, democratic and based on strict adherence to its constitution.

"Regrettably, we must admit that we have not satisfactorily carried out the critical role expected of a virile opposition in a democracy. This, it has been observed, is as a result of conflict on interests – personal or political – elevated above party interest, which continues to have debilitating effect on the ability of our party to perform effectively at various levels, particularly at the national level.

"This state of affairs continues to affect the performance and viability of our party to perform its role as expected as a platform, which Nigerians have come to admire and look up to in view of the robust constitution of the PDP (as amended in 2017) and the monumental achievements of the party in the 16 years in government, which period is referred to with nostalgia as the golden years of governance in Nigeria.

"The National Working Committee (NWC) of the PDP, desirous of revamping the party in line with the vision of its founding fathers, on

Nigeria’s population was much smaller than what it is today.

“Today we have a population of 220 million, which means the consumption of petrol has gone up, but we have not over the years been expanding our refining capacity, which made us to be importing more petrol as the price was going up globally.

"The other issue is, of course, the exchange rate, which was equally affected by the subsidy. If we are subsidising consumption and not subsidising production because what we ought to be doing over those years was to be subsidising production and industries so that we can prosper. But, unfortunately, a lot of money was going into subsidising the importation of petroleum product.

"When President Tinubu came into office, he made the decision to institute macro-economic reforms. Even if we decided not to make those reforms, we could no longer afford to be buying expensive petrol that we could be using on a daily basis. So, the president

state. Whatever that is happening in PDP wound be resolved very soon. Governor Fubara is the leader of the state and is the governor of the state.

“I pray that God will see those who are against the governor to even back down because it (the crisis) is unnecessary. We are still very pained. Our state is hot business wise, investors are running away and we should tone down, that is my general advice.

“The fight and acrimony from now on across the entire state should tone down so that the state can witness progress under the able leadership of Governor Fubara,” he said. On the state of the nation,

Thursday, October 10, 2024, appointed me as the Acting National Chairman to lead the charge to rekindle the hope and aspiration of our teeming members.”

That, Mohammed stated, included “the youths, critical stakeholders and generality of Nigerians, who wish to see a political party that is ready and willing to play the role of effective opposition in the quest to develop our democracy and seek for responsible and responsive government in our country.

"The NWC under my leadership will be guided strictly by the constitution of our party and I will at all times be fair to all members irrespective of their status, position or state in the party. Only this will guarantee and engender loyalty and commitment of our teeming members.

"In this regard, my primary goal, focus and mandate in the onerous assignment is to restore confidence of our members by immediately setting in motion the process to hold the long overdue National Executive Committee (NEC) meeting of our party already scheduled for Thursday, October 24, 2024.”

Mohammed invited stakeholders from the North-central geopolitical zone to send a nominee for the PDP national chairmanship position.

embarked on the reforms, which meant that we would no longer be subsidising the importation of petrol."

Tuggar said there were different exchange rates for different purposes, which created room for arbitrary practices.

According to him, “Some people were getting allocation of foreign exchange of dollars, which they will not use to import the raw materials that industries require but, instead, will sell it in the market and just put the money in their pocket.

“So, President Tinubu closed the exchange rate so that we will have one exchange rate. While all this was going on, the activities of crypto currency traders were undermining the system. There was in particular a crypto currency exchange that was taking advantage of these reforms and was using the opportunity to launder money.

"People who had stolen money and had kept it here in Nigeria were using crypto currency to take

Programme-for-Results (PforR). The combined $2.25 billion package was reportedly designed to provide immediate financial and technical support to Nigeria’s urgent efforts to stabilise the economy and scale up support to the poor and most economically at risk.

Secondus said Nigeria was drifting towards a failed state because the masses were suffering as a result of hike in the price of fuel by the All Progressive Congress (APC) government being led by President Bola Tinubu.

“As a person, all the indices are pointing to a failed state and democracy. All we need is prayers for our country because the masses are in trouble. They are suffering.

“The hardship is too much. In the spate of a few weeks, price of fuel has been raised to the highest level now which is N1,100 and in some places, N1,200. It’s biting harder and harder every other day,” he stated.

He stated, "In line with the provisions of our party’s constitution, the North-central zone, which is constitutionality entitled to produce a replacement to serve out the tenure of the former National Chairman, Sen. Iyorchia Ayu, is hereby requested to urgently meet and forward its nominee to my office for necessary preparation and forwarding for consideration and approval by NEC at the October 24, 2024 meeting.

"I hereby seek and solicit the co-operation, support and advice from my colleagues NWC members, all organs of the party, especially the PDP Governors’ Forum, the Board of Trustees (BoT), National Assembly Caucus as well as leaders, critical stakeholders and members towards a successful NEC meeting that we can all be proud of.

"Thank you all for the opportunity to serve. Together we can restore the glory of our party and uphold the sustenance of democracy in our country.”

Mohammed’s appointment was announced Friday in a statement by the PDP National Publicity Secretary, Debo Ologunagba.

Before his appointment, he was the PDP national treasurer. He is from Gombe State, while Damagum is from Yobe State, both in the Northeast geopolitical zone.

the money out, which meant that they were undermining the reforms that the Tinubu administration was carrying out and that of course led to further hardship.

“That is why some of the individuals that were involved in these nefarious activities or representatives of the crypto currencies traders have been arrested and have been charged to court.”

The minister explained that the president had been doing a lot to reduce the current hardship in the country, with the distribution of palliatives to citizens and fertiliser, inputs, seedlings, and pesticides to farmers.

He stated that the reforms were something that the current administration had to do to safeguard the future of the country.

“We are beginning to feel the impact, though it is slow, but we have to remember that Nigeria is not in isolation. This hardship is taking place all over the world so we will continue to remain steadfast," Tuggar stated.

A few weeks ago, the World Bank also okayed a $1.57 billion loan for three new projects in Nigeria to support the country in addressing governance challenges in education and healthcare, improving primary healthcare services as as increasing resilience to climate change through enhanced dam safety and irrigation infrastructure.

Out of the total package, the sum of $70 million is a grant in what the global development bank described as part of broader efforts to improve key sectors such as education, healthcare, and water management, while also tackling poverty and boosting productivity.

The African Development Bank (AfDB) had also in July approved $500 million for Nigeria to finance the first phase of the Economic Governance and Energy Transition Support Program (EGET-SP), a new programme aimed at accelerating transformation of the country’s electricity infrastructure and improving access to cleaner sources of energy.

Nigeria in June equally secured an additional disbursement of $925 million from Afreximbank under the syndicated $3.3 billion crude oil-backed prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL).

There are also a number of other multilateral and bilateral loans procured by Nigeria after the last foreign debt data released for the second quarter of 2024.

Records show that Nigeria’s debt service cost in the first seven months of 2024 posted a 53.63 per cent increase, from $971.47 million, to $2.78 billion, up from the $1.81 billion posted in the same period in 2023. According to the Weekly International Payments data available on the Central Bank of Nigeria’s website as of September, the external debt service cost gulped the highest amount in May at $854.36 million followed by $560.51 million in January and $542 million in July. The months of February, March and April were below $300 million with the lowest amount paid in June 2024 at $50.82 million Global rating agency, Fitch had projected that Nigeria external debt service cost would hit $5.2 billion by 2025.

Nigeria has so far secured about $6.2 billion from the World Bank alone since the emergence of the current administration under President Bola Ahmed Tinubu.

LOKPOBIRI: FG TARGETS 40,000BPD FROM NNPC,

Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, who spoke during an inspection of the project in Lagos, lauded the progress of work so far.

A statement by the minister’s spokeswoman, Nneamaka Okafor, quoted him as expressing satisfaction with the strides made “emphasising the facility's potential to boost Nigeria’s crude oil production by an additional 40,000 barrels per day”.

The FPSO project, the minister said, was one of the measures arising from the his engagement with NNPC Limited, in line with President Bola Tinubu's directive for increased production.

According to him, it is strategically designed to enhance local capacity and drive further investments into the nation's oil sector.

Nigeria, Africa’s top crude oil producer, has been unable to meet its Organisation of Petroleum Exporting Countries (OPEC) quota for years, blaming oil theft, sabotage and prolonged underinvestment.

Going by the production data from August, despite the reduction of Nigeria’s quota to 1.58 million bpd by the international oil cartel, Nigeria was only able to drill 1.35 million bpd OPEC oil during that month.

However, the federal government has said it is currently producing between 1.6 million bpd and 1.7 million bpd when condensates, which are outside OPEC computation, are added to total output.

But Lokpobiri commended the collaboration between NNPC, Century Group, and other partners, identifying the project as a critical element in Nigeria's efforts to significantly increase crude production and meet global demand.

"The work being done here is a reflection of the kind of investments we want in the oil sector. With projects like this, we are not only building local capacity but also expanding our crude production beyond current quotas.

“This facility alone will contribute an additional 40,000 bpd, which is a step in the right direction for our economy,” the minister stated.

He further underscored the

importance of increasing Nigeria’s oil output, highlighting the government's commitment to supporting partnerships that aim to revitalise the sector.

"Our goal is to see Nigeria produce well above its current quota, and this project exemplifies the kind of investments that will help us achieve that," Lokpobiri added.

“Supporting local capabilities is essential to driving the increase in our crude oil production...This facility is a clear example of how partnerships can enhance both local expertise and national output, aligning perfectly with our goal of significantly increasing oil production beyond current quota as directed by President Bola Tinubu.

“Interestingly, Mr. Ken Edward Etete, the Group Chairman of Century Group, has assured that the various upgrades underway at the facility are on track, with full completion expected by the first quarter of next year.

“This project demonstrates the kind of commitment and collaboration needed to strengthen our energy sector, and we remain supportive of similar efforts to further enhance our production capacity,” he added.

The minister commended the management team for its dedication to ensuring the project's timely delivery and urged the leadership to maintain its commitment.

He further reaffirmed the government’s readiness to support similar initiatives aimed at enhancing Nigeria’s oil production capacity.

According to him, the FPSO project stands as a testament to the power of partnerships in the oil and gas sector, with its successful completion set to make a significant impact on Nigeria's economy and global energy positioning.

Speaking on behalf of Century Group, Etete provided insights into the progress and upcoming milestones for the project, explaining that the facility will become a key contributor to Nigeria's total crude oil production in a short time.

"We have several upgrades ongoing at the FPSO facility, and we are setting targets for various stages of the work. We are on track to complete everything within the first quarter of next year.

Tinubu

Ndubuisi Francis in Abuja

ELEVATE AFRICA KING’S BANQUET...

Aftermath of COVID Intervention: 70% of Oxygen Equipment Lying Waste, Says Global Fund

Onyebuchi Ezigbo in Abuja Global Fund, an international organization providing support for the fight against the scourge of AIDS, tuberculosis and malaria across the world has alleged that an estimated 70 percent of oxygen equipment procured to help strengthen Nigeria 's health system are yet to be deployed for medical service.

The coordinator of Country Coordinating Mechanism of the Global Fund, Mr. Ibrahim Tajudeenm said that most of this oxygen equipment have been kept under lock and key at the various medical stores in the states.

Oxygen concentrator as the instrument is commonly referred to is used to provide assistance to patients in critical health situations, particularly those finding it difficult to breathe and are admitted in hospital intensive care unit.

Speaking at an Advocacy-focused Media Dissemination meeting of the Civil Society in Malaria Control, Immunization and Nutrition (ACOMIN) held in Abuja on Friday, Tajudeen said that efforts of civil society towards ensuring increased access to improved health services at the country's health facilities are quite on course.

However, Tajudeen said: "While it is important to state that we have made significant progress in terms of strengthening the health system across the 36 states and the FCT, unfortunately the findings and information at our disposal revealed that this investment towards pandemic preparedness response has not been fully optimized.

"And at this stage we need to sensitize the government entity, the civil society and the general public on the need for us to put these instruments into use.

“For example, the oxygen equipment procured through Global Fund resources as at the last count, conservatively 70 percent of these equipment are still under lock and key at various state central medical stores or teaching hospital medical stores".

Ibrahim said that the essence of the procurement of the equipment was to strengthen the health system and relieve the citizens of financial burden of out-of-pocket expenses on medical treatment.

However, he said that a situation where these equipment delivered to the states were abandoned and left to waste leaves much to be desired.

While giving details of the grants provide for pandemic preparedness,

a representative of the Federal Ministry of Health and Social Welfare said that COVID grant amounting to over $272 million was received by Nigeria, covering a period of 2020 to 2025.

She said that the grant was specifically meant for pandemic preparedness response, adding it came about due to the COVID -19 pandemic.

"The purpose for which the grant was set up was to ensure the country was able to mitigate the effects of the COVID -19 and towards provision of HIV, tuberculosis and malaria services," she said.

She noted that at the height of COVID -19 outbreak, there was disruption of health service delivery which necessitated the move to strengthen health system through setting up of laboratories and providing oxygen equipment.

According to her, the investment of the grant was targeted at not only managing the COVID health challenge but to prepare against future health emergencies.

On its part, the Civil Society in Malaria Control, Immunization and Nutrition (ACOMIN) have suggested the active involvement of communities in securing both hospitals facilities and health

workers.

The national coordinator of ACOMIN, Ayo Ipinmoye, said that lack of adequate security for the healthcare facilities is greatly affecting the operations of the hospitals especially those located in the rural areas.

He said that ACOMIN has identified various challenges impeding the ability of health facilities to deliver optimal care during the implementation of community-led monitoring activities.

These challenges include; lack of essential resources, such as medical equipment, medicines, staff shortages and inadequate security measures.

Other shortcomings also included; deterioration of infrastructure, broken equipment, lack of constant or alternate power supply and poorly maintained water and sanitation systems.

"These problems have contributed to further reduction in the efficiency and quality of healthcare services at most of the Primary Health Centres and is greatly effecting the morale of staff", Global Fund and ACOMIN said.

He said there has been a lot of reported cases of theft of hospital equipment and attacks on health workers while on duty resulting

Blue Economy Ministry Adopts Performance Management System

Kasim Sumaina in Abuja

The Federal Ministry of Marine and Blue Economy (FMM&BE) has embraced the Federal Civil Service Strategy and Implementation Plan 2021-2025 (FCSSIP 25) with the inauguration of the Core Performance Management Team (PMS) for the new Ministry.

Inaugurating the Performance Management System (PMS) Champions team of the ministry, the Permanent Secretary, FMM&BE, Oloruntola Olufemi, charged the drivers pooled from various departments to work with zeal and commitment in achieving the key results areas of this policy.

He recalled that the Performance Management System (PMS) is one of the six pillars of FCSSIP2025, a strategic plan launched by the Office

of Head of Service of the Federation (OHCSF) towards evolving the civil service into a professional, efficient and merit-based workforce.

To this end, the Permanent Secretary constituted the PMS Champions team of the FMBE to implement the plan seamlessly urging directors from all the departments to cascade the policy to their staff, stressing that they must align themselves with the goals of Mr. President and the OHCSF in actualising the ideals of the plan.

Olufemi said: "On this day, we launch our resolve to implement fully the Performance Management System (PMS), our team will ensure that the PMS becomes an integral part of our day-to-day work and our career progression.

"Performance Management, as

some people might think, is not Premium Motor Spirit, but it is, in fact, premium motor spirit. It is the fuel that will run what we do. It is not just a ritual, it is, in fact, the foundation and the fundamentals of how we do what we do.

He challenged every staff member of the ministry to play his or her role in the delivery process of nation building.

The permanent secretary further pledged total commitment and support of his office to the task, adding that he will work with every team player in advancing the fortunes of the ministry.

The Director, Maritime Safety and Security, Mr. Babatunde Bombata, noted that PMS is one of the reforms of the Head of Civil Service of the Federation that need

to be cascaded from the hierarchy to the least staff of the ministry. He maintained that PMS requires the contribution of everyone in the chain of services.

On his part, the Director, Maritime Service Department, Mr. Babatunde Sule, hinted he was part of the committee that proposed the PMS to the Ministry of Transportation, adding that productivity and set targets are seamlessly achieved when everyone does his or her job as at when due.

In her own contribution, the Director, Planning Research and Statistics, Mrs. Ibrahim Kalthum Uwani pointed out the importance of the PMS to a healthy service delivery process.

She also stated that the PMS as a policy has come to stay, urging the staff of the ministry to key into it.

from poor security at the health facilities.

"This manifests in various forms such as the absence of physical barriers, security personnel and other safety measures which pose risks to both patients and healthcare workers, particularly in high-risk areas.

"Without proper security,

healthcare facilities become vulnerable to theft, vandalism and violence," he said.

Ipinmoye said the various ways communities can secure the facilities are by establishing neighborhood watch programme, hiring security personnel to protect health workers and raising funds to install security infrastructure.

Binance Executive’s Family Laments Bail Denial, Pleads with Govt

Sunday Okobi

The family of Binance Executive, Tigran Gambaryan, has lamented that their son, a US citizen, has been denied bail by a court in Abuja despite meeting all the requirements for bail to be granted on medical grounds.

While pleading with the government to free him, his family stated the Nigerian Government unlawfully detained Gambaryan on February 26, 2024, and that it has now been over 230 days since the former US Federal Agent last saw his wife and family.

The family quoted the EFCC prosecutor as saying that Tigran is being charged because “the 1st defendant (Binance) is operating virtually. The only thing we have to hold on to is this defendant.”

Responding to the decision on the bail application, Tigran's wife, Yuki Gamabryan, in a statement made available to THISDAY yesterday, said: "We all know that Tigran was never a decision-maker at Binance and that he is entirely innocent, but I am not surprised by this decision.

“It is completely unjust to deny someone in Tigran’s condition the opportunity to seek appropriate medical help, and I just pray that when he is finally released that the damage he is suffering is not permanent. I am exhausted and deeply disappointed, but I will continue to fight for my husband’s rightful freedom."

In a recent podcast designated with Yaya Jata Fanusie, his wife Yuki stated how she is riddled with the constant fear of losing her husband.

“Tigran is innocent, and he is suffering,” she told the podcaster, as she shared how her five-year-old son does not understand why his father is not home, and recently looked at a plane flying overhead, asking if it was his dad returning home.

The podcast released at the beginning of October discusses how Gambaryan was unjustly detained, and provides commentary from his friends and former colleagues.

As the podcast launched, a truck with images and messages of awareness regarding Gambaryan’s unlawful detainment has been making its way around Washington DC in America.

Yuki Gambaryan pleaded with the US Government to help bring Gambaryan home, saying: “I beg the US Government to recognise officially that Tigran is being unlawfully detained and to take immediate actions against the Nigerian Government unless they release him.”

Also, Gambaryan's aging mother, Knarik Gambaryan, the statement added, had previously expressed her heartbreak saying: “They are treating my son not like a human,” begging the US Government to help rescue him from Nigeria.

“He's innocent. Just please bring my son home,” she added. The statement issued by his family noted that the Nigerian government invited Gambaryan to Nigeria for a meeting and assured him that he would be safe.

His wife in the statement added: “However, during the meeting his passport was taken, and he was made to pack his items from the hotel and was taken to a guest house. There, he was held for almost one month before two sets of charges were brought against him and Binance, when he was then moved to the infamous Kuje prison.

She stated further that: “During this time, Gambaryan has routinely been refused counsel. His medical condition has deteriorated rapidly to the point where he can no longer walk and needs a wheelchair, which he is most often denied.

L-R: Kwara State First Lady, Ambassador Dr Olufolake Abdulrazaq; Senator Representing Delta North, Senator Ned Nwoko; Former First Lady of Nigeria, Dame Patience Jonathan; Convener, Her Majesty Olori Atuwatse iii, Queen Consort of Warri kingdom; Co-convener, His Majesty, Ogiame Atuwatse iii, Olu of Warri kingdom; His Majesty, Omukama of Tooro kingdom, Rukidi iv, Uganda; His Majesty, Dein of Agbor His Royal Majesty King Keagborekuzi Benjamin Ikenchukwu; Chief of Defense Staff, General Christopher Gwabin Musa; wife of Chief of Defense Staff, Oghogho Musa; and Lord Mayor of Entebbe, Fabrice Rulinda; during the Elevate Africa King’s Banquet in Abuja weekend PHOTO; KINGSLEY ADEBOYE

ON THE SIDELINES OF UNGA79...

Air Peace: Our Chairman Innocent,

As US Files Fresh

States court processes not to affect operations

Chinedu Eze

The management of Air Peace Airline, yesterday, said its Chairman and Chief Executive Officer (CEO), Dr. Allen Onyema, and Chief of Finance and Administration (CFA), Mrs. Ejiro Eghagha, remained innocent in the charges of fraud filed against them by the US Department of Justice (DOJ).

Reacting to the report of the legal charges, which alleged fraud in financial transactions against the two top officers of the company, the Air Peace management stated that the charges stemmed from earlier accusations. It assured its customers that the court processes would not

affect the airline’s operations.

The additional charge against Onyema included alleged attempt to obstruct justice for submitting false documents to the government in an effort to end an investigation that resulted in earlier charges of alleged bank fraud and money laundering.

The airline said, in a statement, “Air Peace Limited is aware of the recent media reports concerning our esteemed Chairman and Chief Executive Officer, Dr. Allen Ifechukwu Onyema, and Chief of Finance and Administration, Mrs Ejiro Eghagha, in line with the latest legal charges filed by the U.S. Department of Justice.

“We understand that this may

Presidency: Votes Cast against Nigeria at UN Human Rights Council Election in Error

Olawale Ajimotokan in Abuja

The Presidency, yesterday, said whatever vote that was recorded for Nigeria at the United Nations General Assembly election held to fill the seats for 18 members to the Human Rights Council for the 2025-2027 term, must have been cast in error in the secret balloting by countries which thought Nigeria was on the ballot.

It, therefore, dismissed reports that Nigeria was snubbed during the exercise.

Special Adviser to the President on Information & Strategy, Bayo Onanuga, denied the report in a statement yesterday.

He clarified that Nigeria was not on the ballot for this cycle of elections, just like it did not stand for election in 2023,when a Nigerian medium sensationally reported that the country earned three votes.

According to Onanuga, whatever vote was recorded for the country must have been cast in error in the secret balloting by some countries which thought Nigeria was on the ballot.

He stated that countries vying for positions into key bodies like the Human Rights Council, usually received regional endorsements, stressing that the regional bloc

endorsed Benin and the Gambia, both members of ECOWAS, for the 2025-2027 term.

According to him, there was no competition in the African regional group, as the continent fielded the same number of candidates as available seats.

He affirmed that the endorsed candidates in the African regional group – Benin, Gambia, Kenya, DRC, and Ethiopia– successfully secured all five available seats.

Onanuga appealed to Nigerians not be quick to disparage or drag the country, especially on international matters.

"Given Nigeria's continued leadership in fostering African unity, the nation focused on supporting the endorsed candidates to promote collective African representation.

"This has been the hallmark of President Bola Tinubu’s leadership on the continent. This strategic approach aligns with Nigeria’s long-standing diplomatic efforts to ensure Africa speaks with a united voice on the global stage," he said.

The presidential aide also urged the media to always cross-check their information before rushing to press, asserting that was no sign this was done with the Ministry of Foreign Affairs or the country’s mission in New York.

have raised concerns, and we wish to address these reports directly. These charges levelled against our post-holders are part of an extended legal process stemming from earlier accusations of financial misdeeds that date back several years.

“While the charges have been expanded, it is essential to emphasise that both Dr. Onyema and Mrs. Eghagha remain innocent and these are mere allegations, and the case is still in court.

“Our legal team is fully engaged with the matter and is working tirelessly to ensure that justice prevails. We remain confident that, through due process, the truth will be revealed, and our CEO and co-defendant will be exonerated.”

Air Peace explained, “It

is important to note that Dr. Onyema and his legal team have consistently cooperated with authorities throughout this process, and Air Peace continues to operate without disruption, upholding our commitment to delivering top-notch services to our valued customers.

“We want to reassure the public that these legal proceedings will not impact the safety, reliability, or day-to-day operations of Air Peace. The dedication and focus of our staff remain steadfast as we continue to provide you with the best aviation experience in Nigeria and beyond.

“We thank our customers and flying public for your continued support and understanding during this time, and we remain committed to serving you with excellence and

Charges

integrity.”

In a verified X (Twitter) account, @NDGAnews (US Attorney NDGA), Dr Onyema was charged “in a superseding indictment with obstruction of justice”.

United States Attorney, Northern District of Georgia, Ryan K. Buchanan, stated, “After allegedly using his airline company as a cover to commit fraud on the United States’ banking system, Onyema, along with his co-defendant, allegedly committed additional crimes of fraud in a failed attempt to derail the government’s investigation of his conduct.

“The diligence of our federal investigation partners revealed the defendants’ alleged obstruction scheme, making it possible for the defendants to be held accountable

for their aggravated conduct of attempting to impede a federal investigation.”

The DOJ stated that following the establishment of Air Peace in 2013, Onyema travelled to the United States and purchased multiple airplanes for the airline.

It said, “However, over $3 million of the funds used to purchase the aircraft allegedly came from bank accounts for the Foundation of Ethnic Harmony, International Centre for Non-Violence and Peace Development, All-Time Peace Media Communications Limited, and Every Child Limited.”

The DOJ alleged further that the supporting documents provided by Onyema to exonerate himself from the initial allegation were fake.

TETFund to Intervene in Provision of Infrastructure in New Aviation Varsity

Kuni Tyessi in Kaduna

The Tertiary Education Trust Fund (TETFUND) has assured that it will source the required intervention fund for the provision of infrastructural and research facilities at the newly established African University of Aviation in Nigeria.

The Executive Secretary, Sonny Echono gave the assurance when he received the Minister of Aviation, Festus Keyamo who led the leadership of the university on a visit to the fund headquarters in Abuja.

Echono commended the minister for his patriotic zeal, standing up for what is right as well as his doggedness in ensuring the smooth take-off of the institution.

He reiterated that TETFUND shall extend the necessary intervention and special intervention fund as well as assist in the architectural design to ensure that the university meets global standard as a specialised institution.

He, however, promised to communicate the request of the minister and the school management to the board of TETfund, while highlighting the importance of the institution to the country’s aviation sector and the Nigerian economy.

Earlier in his remarks, the Minister of Aviation, Keyamo appreciated the executive secretary for assisting to bring the institution to fruition as a permanent secretary in the federal ministry of education. Keyamo revealed that his visit was to ask for some intervention assistance from TETFund to enable the Aviation university move to a permanent site.

Coker Takes Over from Bello as President of Abuja Metropolitan Lions Club

Emmanuel Addeh in Abuja

Erstwhile President of the Abuja Metropolitan Lions Club, Salamatu Bello, at the weekend handed over to a new head of the group, Oluyomi Coker in a colourful ceremony in Nigeria’s capital, Abuja.

Speaking at the event, Coker, who is the 15th President of the Club, expressed his belief in the power of service, stressing that the creator demands that human beings look out for one other.

Coker added that the new chapter presents another opportunity to improve society and humanity in general and with close consultation with his team, will

focus on three areas namely: Education, Hunger relief and Health care.

“ These spheres remains a critical area of concern in the history of our nation considering the statistics of individuals within the struggling social net and how it affects us a people.

“Every child deserves access to quality education and more important one within a conducive learning environment. Our goal is to ensure this citadel of learning receives the needed attention to help students thrive academically and socially,” Coker assured.

The new president, while listing the gains of the organisation, aside sponsoring the education of the less

privileged, urged members to make a lasting impact on as many lives as possible.

“Hunger remains a persistent challenge in our community, and no one should have to worry about where their next meal will come from.

Our food bank initiative will provide nourishment and hope to the most vulnerable amongst us.

“ By establishing partnerships with local businesses, donors, and volunteers, we will ensure that families facing food insecurity have access to nutritious meals with the primary intent of restoring dignity and offering a helping hand to those in difficult circumstances,” the

new president said. The outgoing president, Bello, listed projects on all the eight focal areas of Lions Club International, which are Childhood Cancer, Diabetes, Disaster relief, Environment, Feeding the Hungry, Humanitarian, Vision, and Youth Advocacy.

“As I hand over the reins to our amiable incoming president, I am confident that the future of our club is bright. I know that under the capable leadership of our incoming President, Abuja Metropolitan Lions Club will continue to grow, thrive, and make a difference in the lives of those we serve,” Bello noted.

L-R: Founding Partner, Future Africa, Iyinoluwa Aboyeji; Managing Director, Africa, Allison, Claudine Moore; Founder, African Women In Tech (AWIT), Anie Akpe and CCSO, MTN Nigeria, Tobe Okigbo at the inaugural Africa Breakfast Convos organised by Allison and BHM on the sidelines of UNGA79, held at the World Trade Center in New York on Friday

As Stakeholders Go for the Soul of PDP...

Chuks Okocha chronicles the crisis rocking the Peoples Democratic Party which peaked with the reported suspension of top national officials and the intervention of the governors elected on the platform of the main opposition party to resolve the issues at stake.

The crisis rocking the Peoples Democratic Party (PDP) was expected to happen, but not too soon. What transpired last Thursday has deepened the crisis as two factions have emerged with claims of suspending elected national officials of the main opposition party.

The genesis of the unfolding drama in the PDP can be traced to the contentious issue of who will control the party structure ahead of the 2027 general election. This has led to proxy wars between the supporters of the former governor of Rivers state, Nyesom Wike, who is now the Minister of the Federal Capital Territory (FCT) and former Vice President, Atiku Abubukar who was the party’s presidential candidate in the 2023 general poll.

The unfolding party crisis may also not be unconnected with the supposed presidential ambition of Bauchi State governor, Bala Mohammed and his Oyo State counterpart, Seyi Makinde. All of them are fighting to secure the party’s structures ahead of the 2027 presidential primaries

In fact, political observers believe the October 24, 2024 National Executive Committee (NEC) meeting would have been the battle ground to settle who controls the PDP structures, but the suspension and counter suspension that was witnessed last week have brought out the crack within the party too early.

The Umar Damagum-led faction first suspended the National Legal Adviser, Adeyemi Ajibade, and the National Publicity Secretary, Debo Ologunagba, and set up a committee to probe their disloyalty to the party.

The Ajibade faction swiftly countered by also suspending the acting national chairman, Damagum and the national secretary, Samuel Anyanwu.

In a statement issued last Friday, the party’s Acting National Publicity Secretary, Ibrahim Manga said. “Arising from its 593rd meeting on 10th October, 2024, the National Working Committee has suspended the National Publicity Secretary and the National Legal Adviser of the Party, pending the determination of allegations of disloyalty and Insubordination

levelled against the duo.

“In the meantime, the Deputies in the respective Directorates, Ibrahim Abdullahi and Okechukwu Osuoha, have stepped-in in acting capacity.”

In a prompt reaction, the suspended National Publicity Secretary, Ologunagba, in a statement entitled, “Press Release on the Decision of the National Working Committee (NWC) of the PDP on the Reported Anti-Party Activity by the Acting National Chairman, Ambassador Illiya Damagum and National Secretary, Senator Samuel Anyanwu said:

“The National Working Committee (NWC) of the PDP has extensively considered the series of complaints raised against the Acting National Chairman, Ambassador Illiya Damagum and National Secretary, Senator Samuel Anyanwu particularly with regard to the letter addressed by them to the Court of Appeal in Appeal No:CA/PH/307/2024 against the Party’s position in the case involving the 27 former members of the Rivers State House of Assembly who vacated their seats upon decamping from the PDP to the All Progressives Congress (APC).

“The NWC condemned this anti-

party activity of the Acting National Chairman and the National Secretary which is in gross violation of the provisions of the PDP Constitution (as amended in 2017) and their Oath of Office.

“Consequently, the NWC, pursuant to Sections 57, 58 and 59 of the PDP Constitution, has suspended Ambassador Illiya Damagum and Senator Samuel Anyanwu as Acting National Chairman and National Secretary of the Party respectively and referred them to the National Disciplinary Committee for further action.

“In the meantime, the two officials are suspended from all meetings, activities and programs of the NWC pending the conclusion of investigation by the National Disciplinary Committee”.

Flowing from this, the Ajibade faction appointed Alhaji Yayari Ahmed Mohammed as a replacement for the suspended acting National chairman, Ambassador Iliya Damagum.

Ologunagba, said in a statement that “Following the suspension of Ambassador Illiya Damagum as the Acting National Chairman of our great Party, the Peoples Democratic Party (PDP), the National Working Committee (NWC) has approved the appointment of Alhaji Yayari Ahmed Mohammed as the Acting National Chairman.

“The appointment which takes immediate effect is pursuant to the provisions of the Constitution of the PDP (as amended in 2017).

The latest development in the PDP has attracted the attention of the party’s Board of Trustees headed by former Senate President, Senator Adolphus Wabara, which has called for calm, urging all the camps to sheath their swords. Also, the governors elected on the platform of the party are scheduled to meet on Monday to discuss the crisis, and like the BoT, have called for calm pending their intervention.

“The NWC calls on all organs, leaders, critical stakeholder and members of our great party to remain focused at this critical time especially as the NWC commences arrangements towards the holding of the Party’s National Executive Committee (NEC) meeting already scheduled for Thursday, 24th October, 2024.”

But countering the suspension, the new acting national Publicity Secretary, Ibrahim Abdullahi Mango said they were not aware of the appointment as Damagum is still the acting national chairman.

He equally clarified that they were not induced to suspend the duo of Ajibade and Ologunagba.

The new acting spokesman said the duo’s suspension was based on disloyalty and insurbination, referring to the statement issued by by Ologunagba urging party members to participate in the recently concluded Rivers State Local Government poll.

On the reported appointment of Yayari as a replacement to Damagum, he asked “where did they meet to appoint him, where was the quorum for his appointment as acting national chairman?.

On the court order stopping the party’s NEC stopping the removal of Damagum, he said, “the court has spoken and any one against it should go to court”.

According to him: the removal of acting chairman is subject to sections 47(6) and 35 (3)of the PDP constitution.

The party’s acting national legal adviser, Ihechukwu Osuoha who talked about the constitutionality of suspending Damagum Osuoha said the ground norms of the party constitution said Damagum has to be removed through due process, but he refused to disclose what is due process.

Notwithstanding his reported suspension, the National Secretary, Senator Anyanwu was seen in his Abuja office on Friday attending to official issues.

Atiku Wike

Damagum

FEaturEs

Major General Adamu Garba Laka: With 505 Convictions, We’re Almost Getting to End of Insurgency,Violent Extremism, and Terrorism

During a brief conversation on the sidelines of the just concluded 79th United Nations General Assembly in New York, Major General Adamu Garba Laka, the National Coordinator of the National Counter Terrorism Centre shared exclusive insights with Chiemelie Ezeobi on the progress of Nigeria’s fight against insurgency and terrorism. He also discussed the ongoing efforts to establish a national centralised forensic database, which promises to revolutionise crime-fighting in the country. With 505 convictions secured against insurgents and terrorists, Major General Laka believes Nigeria is edging closer to defeating insurgency, violent extremism, and terrorism. Having risen through the ranks and served in several tactical and operational commands, the General is no stranger to the fight against insurgency. He has participated in the United Nations Mission in Sierra Leone, United Nations Mission in the Democratic Republic of Congo and United States Africa Command Exercise for West African Armed Forces in Senegal. His expertise also extends to major operations within Nigeria, including Operation RESTORE ORDER III, Operation BOYONA, Operation ZAMAN LAFIYA, and Operation LAFIYA DOLE

Can you tell us exactly what your job at the National Counter Terrorism Centre entails and a quick rundown of what you have done since assumption of office?

The National Counter Terrorism Centre is in charge of coordinating the Nation’s counterterrorism efforts. Basically, that’s what we do. I assumed office in April 2024. Initially, I was the Special Adviser to the National Security Adviser on Inter-Agency Operations. Before my assumption of duty, I conducted the Strategic Defence Partnership with the United Kingdom at the office of the National Security Adviser. This is aimed at improving security and defence partnership between Nigeria and United Kingdom. We also held a Highlevel African Counterterrorism Meeting, which brought together about 32 African countries and international partners, UN entities, and civil society organisations. The aim of that meeting was to look for African solutions to African problems on counterterrorism. Africa is slowly becoming the epicentre of terrorist organisations. We have seen a lot of influx of terrorists from Al Qaeda, Daish, and so on into Africa due to the various ungoverned spaces. These groups are slowly moving down coastal West Africa. You must have heard of recent incidents in Niger, Burkina Faso, and Mali. In Mali, terrorists even attacked the international airport. At the end of the conference, there was the Abuja declaration, which came up with recommendations on how to address the African problem, and part of it was making the National Counter Terrorism Centre a Regional Centre of Excellence for West Africa and the Sahel. In West Africa, we have the Counter Terrorism Academy in Abidjan, which focuses more on the kinetic aspect of countering terrorism. They train troops in the fight and deploy them to the field.

Similarly, there is the Kofi Anan International Peacekeeping Centre, then the National Counter Terrorism Centre in Nigeria. With our vast experience in the fight against terrorism, we are looking at focusing more on the preventive aspects. If the root causes of terrorism are addressed, then the kinetic aspect would not be necessary. We plan to partner our brother African countries and those in the Sahel on how to prevent, violent extremism and terrorism. We also plan to partner various institutions, the African Union and Counter Terrorism Centre in Abidjan and various regional bodies in Africa to pull capacity together, organise conferences, meetings, and workshops on how to prevent violent extremism, and address the threats of terrorism within the country and region.

Since I assumed office, I found out that there are lots of capabilities in the centre that have not been functional. We have various departments such as the Department of Intelligence, which collates intelligence from various security agencies, analyse them, and the output of that is sent to the appropriate security agency to address. We have the Department of Preventing and Countering Violent Extremism and as the name implies, they liaise with various international organisations and state governments on how to address, prevent and counter violent extremism. We have the Department of Technical Services, which is in charge of the control and movement of fertiliser, explosives, and chemicals within the country. As you know, fertiliser, urea, in particular has been controlled in the North-eastern part of Nigeria because it is being used for Improvised Explosive Devices. The Department is also in charge of the manufacture and movement of fertiliser, ensuring that they get to the right place and there is no proliferation of same in the market-that is control of chemicals because we know what chemicals could be used for explosives. Additionally, we have the Department of Legal, which is in charge of the prosecution of terrorism financiers and terrorists. There are a lot of terrorists from the North-east and North-west detained at the Kainji detention

facility. Nigeria firmly upholds the rule of law, and as such, individuals are presumed innocent until proven guilty. So, the Department of Legal liaises with the Ministry of Justice, and Director of Public Prosecution. We have conducted six phases of this trial with about 505 convictions of these terrorists, while those who are acquitted are moved to Operation Safe Corridor for rehabilitation and subsequent reintegration into the society. Since the acquitted detainees have been kept with high level risk terrorists, we rehabilitate them at the Operation Safe Corridor first. For those who are found not to have been involved, we have a reintegration process in place. This includes psychological counselling, vocational training, and providing them with starter packs to help them reintegrate into their communities and rebuild their lives. Right, we are about to start a new phase of the trials. We also have various forensic laboratories which have been dormant in the NCTC but we are now working closely with our international partners, in particular, the United States to make those laboratories functional and develop a database. The laboratories are toxicology labs, fingerprint labs, DNA labs, digital data extraction labs, bulk drug labs, handwriting labs, explosives lab, ballistic labs. Each of these laboratories have a role to play in the fight against terrorism and violent extremism. Furthermore, we had a lot of captured women and girls from

when terrorism started back in 2009 coming out with pregnancy. With time, there will be a lot of children without fathers. But if once we can build that database, DNA database and fingerprint database, these things could be used to trace people who make explosives, who are the fathers of these orphans, and so on. Since I took over the centre, I have been working tirelessly to develop a national database and ensure these facilities are fully functional. The laboratories are also open for use by all security agencies. We currently have the Defence Intelligence Agency, Department of State Security, and the Police sending exhibits to the laboratories for analysis. Simply bring in what needs to be analysed, and we will handle the rest. We do not even need to see the results as long as it serves the country’s best interests, that is what truly matters. We are already about 60 per cent functional from the dormant stage I met it. We hope that before the end of First Quarter 2025, our laboratories will be fully functional. The laboratories are staffed from various agencies across board. Also, we are reaching out to all Nigerian security agencies to be part of this. We need all to be part of it. With such synergy and cooperation, the sky will be our limit.

That is a really commendable initiative. However, talking about terrorism financing, what is the key role you play in this because if you do not cut terrorism at the roots, it is as if we are playing. So how do you think we can tackle the issue of people financing these terrorists?

Initially, most security agencies were working in isolation, the Economic and Financial Crimes

The insurgents, we have pushed them to the limit that they have no capability than to be attacking soft targets not like way back in 2014 whereby insurgents were taking over communities. Right now, it is not longer that way. They are on the run

Commission, the Nigeria Financial Intelligence Unit, and the Police. However, Nigeria is on the Grey List of the Financial Action Task Force and the only way we can get off this list is if these investigations are done collectively by all security agencies. So, on my resumption of office, I had a meeting with the Director General of the NFIU, Hafsat Bakari and the National Security Adviser and we formed a Task Force based in the National Counter Terrorism Centre. The Task Force is made up of all security agencies that are involved in the investigation of terrorism financing. Luckily, we are in good terms with the FBI, who sends us intelligence on terrorism financing which is then being used by the Task Force. They investigate and send the cases to the Ministry of Justice for prosecution. During the last trial, we had over 80 to 85 convictions on terrorism financing and the number is still going up. We are working together, and the aim is to get Nigeria off the grey list. We will get there by God’s grace.

So, another commendable thing you mentioned earlier was the issue of centralised database. This will certainly change the trajectory of the fight against terrorism. How holistic is that move?

Right now, we have the National Cybercrime Centre under the Office of the National Security Adviser, headed by Mallam Nuhu Ribadu and they have built a certain database. What they have is like an Octopus, whereby every security agency's data should be plugged in. Not that we do not have data in Nigeria, but every agency holds its own data. So, we have established a means of getting everything to the Octopus. But still, the National Counter Terrorism Centre has to build its own database, which will include biometrics, facial recognition, DNA. Currently, banks have our fingerprints, the Nigerian Immigration Service too have our fingerprints, pictures, BVN and NIN. We have all these already but the Centre needs to go deeper to build the database for DNA and biometrics.

So once the National Counter Terrorism Centre has the database, although it will still be connected to the one in the National Cybercrime Centre, we will be able to have a database of known criminals. This one is not of Nigerians but one of known criminals. We plan to visit all detention facilities and police stations to collect data on individuals with criminal records. This data will be integrated into the National Counter Terrorism Centre database and connected to the National Cybercrime Centre. This way, whenever a crime occurs, the first step will be to run it through this centralised database, significantly increasing the chances of identifying the perpetrator.

If this works out, that will bring another dimension to tackling criminality. Tying it to the issue of kidnapping for ransom, which is now a new cash cow in Nigeria, how will this database help in nabbing these criminals that seemingly have easy access in collecting money and even crypto from families of victims?

You definitely have to communicate to someone to ask for ransom. So definitely, the phone number matters. What the various telecomm industry has been trying to do right from time is to ensure everybody who has a SIM Card is registered with his NIN and so on. Just before the last protest, the Nigerian Communications Commission blocked some lines that are not registered and there was a wide outcry. Nigerians need to understand that these measures need to be done to address security threats. With this system in place, if someone makes a ransom call, we will be able to identify the person behind it. Even if they use someone else’s number, we have methods to trace and uncover their identity.

Major General Laka

We Have Pushed the Insurgents to their Limit, They're on the Run

So, are you going to synergise with the telecommunications industry on that or is it already in motion?

We are presently in talks with the Nigerian Communications Commission. The National Security Adviser had a meeting with the head of the organisation and that asked the Nigerian Communications Commission to give a deadline due to the outcry. Nigerians need to understand that when certain things are done, it is for their interest. The National Security Adviser understands the dynamics that need to be addressed. So, Nigerians have to be patient with the government.

You have been at the North-east so you know all the lows, the highs. So how have you brought that experience to bear in your job now at the NCTC?

Yes. I was in the North-east as a Commanding Officer of one of the battalions that was deployed close to Sambisa Forest in 2011. I spent one year and a half after which I came back to the Theatre Command in 2014, spent about six months, and I was posted out. I was asked to come back to the Theatre six months later as a Brigade Commander in Bama, which we all know was the epicentre of the Boko Haram insurgency and violent terrorism. I faced so many challenges as Brigade Commander because for every operation we conducted, we were coming out with over a 100 plus rescued people, entirely displaced persons. At a point, we had over 3,030,000 IDPs in the General Hospital in Bama. Initially, there was no coordination between the international organisations, UN entities, the forces, and the government. But luckily, the then Governor, Senator Kashim Shettima, who is presently the Vice President, was very accommodating and the state government played a big role with the international organisations in addressing the issues of IDPs. So, in that context, I was able to understand the dynamics that plays out.

I was basically there to fight Boko Haram, but I saw myself playing a humanitarian role in relating with the State Government and international partners, and it has come to play today. At the National Counter Terrorism Centre, I interface with the government (which I am part of), the Ministry of Humanitarian Affairs, international partners and UN entities. So, I understand the cocktail that needs to be mixed for there to be successes. As I said earlier, we have low-risk and high-risk insurgents being rehabilitated. So, I know what they need based on my experience.

I know what they have gone through and what needs to be done to be reintegrated into society and accepted by that society which they are going back into. And for the soldiers in the field, the security operatives, I am able to understand what operations need to be conducted, at what stage and how those who are captured needs to be handled, and so on. So, the experience I gained earlier really plays a big role. I understand the threats in the North-east and the North-west of the country, where banditry is really high. We know what the effect of Improvised Explosive Devices is on our troops in the field, who are doing a marvellous job.

Talking about the de-radicalisation and the integration of these Boko Haram suspects, and the controversy it has generated in the public domain especially with public perception being that they are rewarded for killing soldiers. How do you juxtapose that with the fact that some of them even end up being informants despite the deradicalisation process?

First and foremost, Nigeria is signatory to a lot of conventions and international law states that they should not be killed if they surrender. Most of these insurgents or terrorists that we see today, did not join out of their free will. These insurgents came to these villages, captured young boys, and indoctrinated them. So eventually, these people are rescued or captured, and they tell us their stories. And a lot of them are ready to go back to the good ways. Now definitely, you have some bad eggs among them. So, it is not written on the head that this is a bad egg or so. At the end of the day, we do our part. I can tell you that the success rate of those that have been integrated is higher than those who are still playing double.

We have pushed the insurgents to the limit that they have no capability than to be attacking soft targets unlike in 2014 whereby insurgents were taking over communities. Right now, they only depend on improvised explosive devices to attack troops. They go to innocent Nigerians and clear villages, but we are doing our part. We are not yet done, but we are almost there. Insurgency and terrorism, although we know it has no boundaries, we have done a good work so far. It took a bit long, but Rome was not built in a day.

We have currently recorded some coups by some nations in the West African region like Niger, of which we share border. Do you think this has pushed back the gains made in countering insurgency?

I do not think it has pushed back some of the gains. Those countries have their own problems as very country has its own internal issues. My only fear is that these countries feel that the Western powers are influencing a lot of things internally. However, those countries had a role they were playing that reduced the terrorist threat of terrorism. We are seeing what is happening today after the pulling out of the United States and France from Niger, Burkina Faso, and Mali. These threats were not as much as they were. They had their reasons and we respect it as an African Country. Those countries leaving equally also has a negative effect. We are all brothers, and we feel that they should come back to equalise us. Let us work together as West African brothers and address the issues they are facing.

Last month, I was part of the entourage of the Chief of Defence Staff (General Christopher Gwabin Musa) to Niger and we had fruitful discussion, but on a bilateral basis with the Chief of Defence Staff of Niger. We also signed an agreement whereby we need to come back together to secure our borders, and fight the threat that crosses our border. Nigeria shares a long line of border with Niger, and in the whole West Africa. More so, we have more relationship as they are part of us so we need to get that relationship back to secure our borders.

Niger played a major role in the Multi-national Joint Task Force in Lake Chad Basin, so whatever happens to Niger has an effect on Nigeria. The same thing in Burkina Faso and Mali because it is a long stretch. If we allow those countries to fail, it will have an effect on Nigeria. So, our President, being the Chairman of the ECOWAS is doing everything within his powers to get them back to the table.

One of the many major challenges facing the war against terrorism is misinformation and disinformation. What role do you think the media plays in all of these?

We know the role the media plays in a counterterrorism environment. We held two conferences and workshops for the media at the Centre. The first was with defence and security correspondence. This was aimed at ensuring effective reporting towards strengthening alternatives to terrorist ideology. We had that with defence and security correspondence. It was in collaboration with the Institute for Peace and Conflict Prevention. We also gave the correspondence the national perceptions of what we need them to do. We had another workshop with, news editors from various agencies, both

print and electronic media. So, we know the importance of the media houses and information, misinformation, and disinformation. Basically, we are on the same page now. We let them know what has happened because if you do not, the insurgents or terrorists bring up theirs. Then that will be in the open space. Yes, we work closely with the media closely.

The Office of the National Security Adviser, National Counter Terrorism Centre and the National Cybercrime Centre have the Departments of Strategic Communication. So, we try as much as possible to give the story of whatever we do and whatever happens first before the other the negative part comes out.

We also try to carry religious and traditional rulers along because they have a vital role to play. So, we bring the media houses, traditional rulers, and religious rulers to give them the government's narrative of what happens. We are as truthful and transparent as possible in what we do. It is now up to the media to craft and report events responsibly, keeping in mind that the Armed Forces and security agencies are working for the Nation's well-being. While there may be some bad eggs, they should not be encouraged. We must all prioritize the national interest because the success of Nigeria benefits all of us. I attended the National Defence Course in Pakistan, and I saw how fallen soldiers are immortalised. In Nigeria, we do not do the same. We just report numbers, and the individuals behind them remain unknown. Our soldiers and security agencies sacrifice daily for this country, and we need to show more respect for them. The media should do more to honour these individuals and their families with greater recognition.

One of the issues in the fight against terrorism is issue of influx of small arms and weapons. I know there is a committee already on ground trying to mop up this. So, do you people have any role to play in that?

Yes. the Office of National Security Advisor has an agency called the National Centre for the Control of Small Arms and Light Weapons that is headed by Deputy Inspector General of Police, Babatunde Kokumo (Rtd), and they are doing a marvellous work. I know recently, in collaboration with the Nigerian Customs Service, we captured a lot of arms and drugs being brought in the into the country. They also keep a database of weapons that are illegally brought into the country. This goes back to the issue of porous borders. There has been a lot of influx of arms and light weapons and we are doing everything within the Office of National Security Adviser to ensure that these weapons are controlled. The Customs, Immigration, and Police are playing a big role also. We are doing our best to ensure that with intelligence from various agencies like National Intelligence Agency and, Department of State Service to control the influx of these weapons into the Country. I think the Director General of the National Centre for Control of

Nigerians need to understand that when certain things are done, it's for the interest of Nigerians. The NSA understands the dynamics that need to be addressed. So Nigerians have to be patient with the government and know that whatever the government is doing is for the interest of the country

Small and Arms and Light Weapons is in a better position to give you the picture of what they do there.

I would like to know how you prioritise the welfare of your staff because a well- motivated workforce means efficient service delivery?

The Office of the National Security Adviser takes care of its personnel very well, but note that the major welfare you can give an individual might not be money. It is to build capacity of that person. If a staff is seconded from his agency, for instance the Department of State Services, the Nigerian Police, or the Nigerian Army, to the National Counter Terrorism Centre, my goal is to ensure that by the time he returns to his agency, he is better trained and more equipped than when he came. So, I ensure that staff attend courses both internally and abroad to develop their capacities. In every aspect you think, we build capacities which we have gotten good feedbacks from these agencies. We also do the little we can in terms of monetary incentives and allowances. A little, but not as the public think.

In this war against insurgency, violent extremism, and terrorism, where do you think we are heading as a country?

We are almost getting to the end and I feel compared to where we were five or 10 years ago, Nigerians will be the best to judges. I thank Mr President, Commander-in-Chief, Bola Ahmed Tinubu and the National Security Adviser for giving me this opportunity. I tell my staff always one thing, If we do not solve this problem now, we would leave that problem for our children or subordinates to come and solve. I would love to see a peaceful and secure Nigeria before I retire from the Service, which could be very soon. So, I would not want a situation whereby I leave the Service and I will be calling my junior colleague in my village that there is an issue of terrorists moving around, please send troops. No, the President has given me the knife and the yam. It is left for me to know what to do with it, and we are doing our best to ensure that before the end of this administration. We would solve that problem for a peaceful and secure Nigeria.

About Major General Laka

Major General Adamu Garba Laka was born on 20 June 1973 in Ikoyi, Lagos State, and hails from Niger State. He was commissioned into the Nigerian Army on 21 September 1996 as a member of the 43 Regular Course of the Nigerian Defence Academy.

Major General Laka has served in various units and held various command, staff and instructional appointments, some of which include Platoon Commander, Adjutant, Company Commander and Acting Commanding Officer Rear in 231 Tank Battalion Biu, Military Assistant to the General Officer Commanding 1 Division and also to the Military Secretary (Army). He was a Directing Staff at the Armed Forces Command and Staff College Jaji and at the Army War College Abuja. During the heat of the Boko Haram Crisis, General Laka was the Commanding Officer of 202 Battalion in Bama.

Due to his performance, gallantry and commitment to duty, he was posted back to the North-east to command a Brigade as a Colonel; an appointment meant for Brigadier Generals where his performance was exceptional.

He holds Bachelor’s Degree in Political Science and Defence Studies from the Nigerian Defence Academy Kaduna, a Post Graduate Certificate in Diplomatic Law from the University of Malta and a Certificate in Security, Stability, Transition and Reconstruction from the George C Marshall European Institute of Security, Garmisch Germany.

He also holds a Certificate in Electoral Violence from the United States Institute of Peace, Washington DC, a Master’s in International Affairs and Strategic Studies from the Nigerian Defence Academy, Kaduna, a Certificate in Strategic Leadership from the Koffi Annan International Peace Keeping Training Centre, Ghana and a Master’s in National Security and War from the National Defence University, Islamabad, Pakistan.

Major General AG Laka’s operational experience include United Nations Mission in Sierra Leone, the United Nations Mission in the Democratic Republic of Congo and the US African Command Exercise for West African Armed Forces in Senegal. He has also participated in various operations within the Country, these include Operation RESTORE ORDER III, Operation ZAMAN LAFIYA, Operation BOYONA and Operation LAFIYA DOLE.

The General also has various military, civil qualification and decorations. These include Passed Staff Course (Dagger), Fellow War College (Dagger), Meritorious Service Star, UN Medals from Sierra Leone and Congo DRC, Nigerian Army Purple Heart Medal, Chief of Army Staff Commendation Medal for Gallantry, Nigerian Army Command Medal, Nigerian Army Sports Medal and the Nigerian Army Field Command Medal.

Major General Laka

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THE SCOURGE OF BANDITRY

KOLA OYERINDE argues the need to unravel the network that has made banditry a national malaise

EFCC,

CONSTITUTION AND THE STATES Is the EFCC a child of constitutional infraction? asks ANGELA OCHIOMA

The key to turning conflict into growth is addressing it head-on, argues LINUS OKORIE

TURNING TEAM MISUNDERSTANDINGS INTO GROWTH OPPORTUNITIES

Misunderstandings are not just inevitable— they’re practically guaranteed in today’s collaborative work environment. No matter how skilled or motivated your team is, unclear instructions, mismatched expectations, or simple misinterpretations can lead to confusion and, in many cases, conflict. While it’s easy to view these moments of miscommunication as setbacks or sources of frustration, what if they were actually opportunities in disguise?

Stephen Covey famously said that "most people do not listen with the intent to understand; they listen with the intent to reply". This truth is the gap in understanding that creates conflict among the team, threatening productivity and morale. Let’s face it: the costs of team misunderstandings are high. A report by the Economist Intelligence Unit revealed that poor communication in the workplace leads to delays by 44%, failures to complete projects by 18%, and even lost sales by 25%. But here’s the good news: when handled correctly, these can become powerful drivers for improvement and innovation. By using leadership strategies that embrace clarity, conflict resolution, and proactive communication, you can turn what initially seems like a breakdown into a breakthrough.

The truth is, the best leaders don't shy away from miscommunication. Misunderstandings, when approached thoughtfully, can serve as fuel to sharpen team dynamics, leading to improved communication and stronger collaboration. When roles, tasks, or goals aren't explicitly outlined, people start to fill in the gaps themselves—and that's where things often go wrong. Imagine this scenario:

A project manager gives a team the directive to "make sure the report is thorough and wellresearched." To the manager, this seems clear. But to the team, the word "thorough" could mean different things. Some might think they need to compile extensive data, while others might focus on providing in-depth analysis on fewer points. In the end, what gets delivered isn’t what was envisioned, and frustration ensues.

it can actually be a springboard for growth. The trick is to shift the narrative: instead of viewing conflict as something to avoid or quickly resolve, view it as an opportunity to dig deeper into what’s driving the misunderstanding and how it can be corrected for future success.

During her early days, Netflix experienced internal conflicts due to varying interpretations of the company's values, especially around freedom and responsibility. Rather than sidestep these tensions, CEO Reed Hastings used them as learning opportunities. Hastings worked with his leadership team to clarify the company’s values and ensure that everyone understood the expectations around them. This approach not only quelled the conflict but also helped solidify a work culture that now emphasizes clear communication and autonomy—a hallmark of Netflix’s success today. The key to turning conflict into growth is addressing it head-on. Leaders should not fear disagreements but instead see them as windows into deeper issues that need to be addressed. Ask questions to understand each side’s perspective, focus on the root causes of the misunderstanding, and use the conflict as a way to improve team communication moving forward.

One of the simplest yet most effective ways to prevent miscommunication is ensuring that every team member understands their role clearly. Ambiguity in role definitions can lead to overlap, confusion, or even inaction, where important tasks fall through the cracks because no one knew they were responsible.

Handling conflict is an art, especially in a team setting. Whether the conflict stems from a minor misunderstanding or a deeper issue, how a leader responds can make all the difference. Here are some conflict resolution strategies that leaders can use to not only resolve tensions but also strengthen team dynamics:

One, Encourage Open Communication: Encourage team members to voice their concerns early and often. When people feel comfortable expressing their thoughts and asking for clarification, it reduces the chances of miscommunication spiraling out of control.

Two, Actively Listen to All Sides: It’s easy to jump to conclusions in the heat of conflict, but effective leaders take the time to listen— really listen—to all perspectives involved. This helps in understanding the root cause of the issue, rather than just addressing the surface symptoms. By giving each party a chance to explain their side, leaders can guide the team toward a more collaborative solution.

Three, Focus on Problem-Solving, Not Blame: In moments of conflict, the instinct might be to assign blame. But that rarely solves the problem. Instead, encourage a solutionsoriented mindset. Ask questions like, “What can we learn from this situation?” and “How can we prevent this from happening again?” This shifts the conversation from fingerpointing to constructive problem-solving.

A Gallup study found that only about 50% of employees know what's expected of them at work. When expectations are left to interpretation, it’s no wonder that miscommunication follows, leading to wasted time, incomplete projects, and even diminished morale. Leaders need to take a proactive approach to expectation setting, ensuring there is no ambiguity in what success looks like. Clear communication is the antidote to this. It's not just about telling people what to do; it's about ensuring that everyone is aligned on what the outcome should be, how to get there, and who is responsible for each piece of the puzzle. A leader’s ability to set these clear expectations can eliminate confusion and allow teams to operate at their highest potential. Conflict is often a byproduct of miscommunication, but when handled properly,

In 1970, when the spacecraft was damaged, NASA’s ground team faced a life-or-death challenge: bring the astronauts home safely. Every team member on the ground knew their precise role, and because of this clear division of responsibilities, they were able to work together efficiently to save the astronauts. Without such clarity, the outcome could have been disastrous.

In the workplace, role clarity starts with leaders who define not just the big-picture goals but also the specific contributions each team member needs to make. This involves more than just job titles; it’s about making sure that each person understands how their daily actions contribute to team success. When roles are clearly defined and well understood, team members can focus on what they do best, reducing the risk of miscommunication.

Four, Reframe Conflict as a Learning Moment: Leaders who can shift the narrative from “failure” to “learning” can turn even the most challenging conflicts into opportunities for team development. Remind your team that miscommunication is natural in dealing with humans, but it’s how they respond that matters most.

The most successful teams aren’t the ones that avoid conflict; they’re the ones that learn from it. With the right leadership strategies, every misunderstanding has the potential to become a stepping stone toward greater collaboration, innovation, and growth.

Okorie MFR is a leadership development expert spanning 30 years in the research, teaching and coaching of leadership in Africa and across the world. He is the CEO of the GOTNI Leadership Centre.

Editor, Editorial Page PETER ISHAKA

Email peter.ishaka@thisdaylive.com

SUBSIDY ON RELIGIOUS PILGRIMAGES

Subsidising pilgrimage has become a  drain

Perhaps in coming to grips with the deteriorating economy, the federal government has signalled its intention to end the concessionary exchange rate offered to religious pilgrims. The National Hajj Commission of Nigeria (NAHCON) an nounced last week that pilgrims would individual ly finance the 2025 Hajj exercise from their pockets, ending the long-standing subsidy regime offered pilgrims by the Central Bank of Nigeria (CBN). Al though the cost of subsidising Christian pilgrims for this year is not out, the federal government had offered a subsidy of N90 billion to NAHCON to support the 2024 Hajj, an amount many argue could have been ploughed to basic amenities and other social services in these difficult times.

The practice of subsidising religious pilgrimages in Nigeria dates back to several decades. Government at all levels expends billions of naira annually to support adherents of Islam and Christianity to Mecca and Jerusalem. Pilgrimages hold special significance for many people, especially Muslims. Many Christians also undertake the journey to the holy sites to deepen their connection, and “feel connected to the worldwide community of Christians,” and learn more about the history of Christianity. For Muslims, pilgrimage holds a special place as Hajj is one of the five pillars of Islam. Indeed, every Muslim is expected to make the journey to the Holy land, at least once in a lifetime, if they can afford it. However, over the last few years many have been raising their voices on the financial burden of pilgrimages on the government and the economy. Amid the prevailing hardship and the rising cost of living many have been increasingly questioning the policy on huge allocations of scarce foreign exchange to a group, on what is essentially a personal issue, and which in some instances, subject to abuse. Many states across the country who cannot provide water for residents and can hardly pay teach-

ers salary budget billions of naira annually to support a select few for spiritual voyage to the holy land. According to a report 13 state governors spent N15 billion to sponsor less than 5000 people on religious pilgrimages recently. Indeed, the Steve Orosanye Report of 2012 recommended the abolition of state-sponsored pilgrimages, adding that the NAHCON and the Nigerian Christian Pilgrims Commission (NCPC) be scrapped and their functions transferred to a department under the Ministry of Foreign Affairs. Even if government could not summon the political will to implement it at the time, the current government is doing it in bits, in the face of the current reality. “It is tantamount to prioritizing religion over the nation’s economic needs,” said the Afenifere Renewal Group, a Yoruba socio-political group.

It will be more sensible if government can redirect such funds to critical areas such as healthcare, education, and poverty alleviation

T H I S D AY

EDITOR SHAKA MOMODU

DEPUTY EDITOR WALE OLALEYE

MANAGING DIRECTOR ENIOLA BELLO

DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU

CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI

EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN THE OMBUDSMAN KAYODE KOMOLAFE T

EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA

GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, ISRAEL IWEGBU

DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, ANTHONY OGEDENGBE

DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI

SNR. ASSOCIATE DIRECTOR ERIC OJEH

ASSOCIATE DIRECTOR PATRICK EIMIUHI

CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI

DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO

TO SEND EMAIL: first name.surname@thisdaylive.com

“Education has also been adversely affected by the forex crisis with more Nigerians affected than those going on pilgrimages. Already, thousands of Nigerians studying abroad are being recalled home because their sponsors could no longer afford the fees.”

In the face of the depreciating national currency, the preferential exchange rates granted the pilgrims now constitute a huge drain on the economy. Even if obeyed fitfully, the federal government has also put some restrictions on its staff from indiscriminate trips abroad to attend conferences and related events. The objective is to conserve funds. And in the face of present reforms entailing the removal of subsidies on petrol and electricity, and other general items that affect all Nigerians, it has become imperative to adopt a similar approach towards other forms of subsidies, including those on religious pilgrimages.

As things stand, it will be more sensible if government can redirect such funds to critical areas such as healthcare, education, and poverty alleviation. We therefore endorse the new policy. Funding a religious pilgrimage is now a luxury we can ill afford.

Letters in response to specific publications in THISDAY should be brief (150-300 words) and straight to the point. Interested readers may send such letters along with their contact details to opinion@thisdaylive.com. We also welcome comments and opinions on topical local, national and international issues provided they are well-written and should also not be longer than (750- 1000 words). They should be sent to opinion@thisdaylive. com along with photograph, email address and phone numbers of the writer.

WORKERS' WELFARE AND A COMPASSIONATE DISPOSITION

We may not be able to evaluate workers' welfare properly except we revisit the Welfare Measures under the Factories Act,1948. Workers' welfare is a laid down principles, rules to ensure adequate protection, provision to all workers notwithstanding the visceral dislike of employers to most labourers. Many organizations, institutions do not have welfare officers nor a place where women can nurse their babies. Workers' welfare is a word that is less pronounced in Nigeria for political reasons. Employee welfare refers to all aspects of a workplace environment that support the well-being of its staff. This includes physical safety, mental health and stress management programs. It also encompasses employee benefits such as health insurance, vacation time, retirement plans and other support services.

Convenience and comfort are never guaranteed for the Nigerian workers. Labour Unions and Trade Unions have helped to sensitize workers on their rights, duties and privileges. Labour leaders and activists in Nigeria clamouring for the rights of workers are often taken in from the hive mind of workers to the extravagance of the political class. Nonetheless, giving Anambrarians "the stroke of victory" which is needed by ev-

eryone to overcome the present challenging economic instability is a laudable achievement. The greatest challenge facing humanity is that of life and death. In Nigeria, all over Africa, citizens bemoan their standard of living, cry for a better life and struggle not to give up in vain. The instrumentality of governance through which Governor Soludo gave employment to thousands of Nigerians in a post-subsidy era and effectiveness of the compassion (boundless, efficacious) with which he caters for their well-being is beyond imagination. Man can fail but a compassionate leader is the hand of God for the oppressed and displaced citizens. Some who have found themselves at the "corridors of power" have become "wise and learned", walking in the predilection of their understanding but the Solution Government brings resolutions and reclamation to estranged lives.

If you have ears to hear and eyes to see, you will testify that Nigerian workers cannot buy a bag of rice with N70,000 minimum wage nor visit their places of work every day of the week in a month with the same amount. Engaging in unethical conducts would never suffice for a Nigerian worker yet the political class lead the way to the door of enslavement. The question has always been: how do we give Nigerian workers a "life" not just

a living wage? Governor Soludo tackles the challenge through the convivial and savvy Chief of Staff, Ernest Ezeajughi who having served as a councillor and mayor in Brent, London, is totally against egomaniac tendencies amongst the government staff. He has put a Social Welfare Security System amongst Anambra State workers; plans for a "Food Bank" for families in hard-to-reach places or in critical conditions. Moreover, developed and civilized countries of the world cater for the welfare of the unemployed not to mention those in the labour force. And it's not cumbersome, grievous for Nigerian government to emulate such gestures. Everyone wants to experience the best in life which is not part of the lavish life of the Nigerian politicians. A Nigerian worker would want to live a life full of meaning, purpose, great times with family and friends. After all, as Schlitz used to say; "You only go around once,so you gotta grab all the gusto you can." Nigerian workers invest their time, talents and treasures to the progress of the nation which sadly is often sabotaged. Workers invest their money in their own country.

Obiotika Wilfred Toochukwu, FHA Estate, Satellite Town, Lagos

Jerusalem Mecca

BUSINESS FOCUS

The Evolution of Oando Under Wale Tinubu’s Transformative Leadership

Wale Tinubu has had an incredible 30-year journey with Oando Plc, transforming the company into Africa’s leading indigenous energy solutions provider, writes Emmanuel Addeh.

As Group Chief Executive, Wale Tinubu , the Chief Executive Officer of Oando Plc, has demonstrated exceptional leadership and entrepreneurial skills, building a global business empire that spans across the energy value chain.

Tinubu’s story began in 1990 as an attorney, specialising in corporate and petroleum law. He then co-founded Ocean and Oil Group in 1994, which later became Oando Plc.

Under his guidance, the company has grown through strategic acquisitions, including Unipetrol in 2000 and Agip Nigeria PLC in 2002 and has successfully transformed Oando from a petroleum marketing company to an integrated energy group. Throughout his career, Tinubu has received numerous awards and recognitions for his contributions to the African oil and gas industry. Some notable accolades include: “Private Sector Icon of the Year” award_ by Vanguard in 2023; “African Business Leader of the Year” by Africa Investor in 2011; “Entrepreneur of the Year” West Africa by Ernst & Young in 2015 and “Global Young Leader” by the World Economic Forum (WEF) in 2007.

Wale Tinubu’s impact extends beyond the business world. He established the Oando Foundation in 2011, which focuses on improving basic education in Nigeria through its Adopt-A-School Initiative. At the last count, the foundation has adopted 88 public primary schools, supporting over 500,000 students and training thousands of teachers.

The billionaire businessman’s remarkable leadership and vision have cemented his position as a respected figure in the African business community. His legacy continues to inspire future generations of entrepreneurs and business leaders.

His business leadership has been nothing short of remarkable. As the Group Chief Executive of Oando PLC, he has expanded Oando’s operations, pioneering innovative solutions in gas distribution and captive power and recently in the upstream oil sector.

Resulting from his astute leadership, Nigerian oil company, Oando Plc, has now been shortlisted by the Trinidadian government as one of three final contenders to take over the country’s state-owned refinery, Petrotrin.

The Trinidadian Finance Minister, Colm Imbert, speaking during a presentation of its national budget held on September 30, noted that among the initial 10 proposals, three companies had made the final shortlist including, CRO Consortium, a consortium of three Trinidadian companies, INCA Energy, an American company, and Nigeria’s Oando Plc.

The bidding process began in February 2024, when the government of Trinidad and Tobago enlisted the services of US-based Scotia Capital to oversee the refinery’s procurement by inviting “expressions of interest.”

The refinery located in Pointe-a-Pierre, Trinidad had been closed since 2018, when the country’s Prime Minister, Keith Rowley noted that the refinery was recording losses of up to $2 billion per annum. If the company’s eventually

wins the bid, its footprints in the midstream oil sector would have been sealed and delivered.

This is coming after Oando Plc in August this year completed a $783 million acquisition of Nigerian Agip Oil Company (NAOC), thus increasing the company’s interest in the different joint venture assets. With that acquisition, Oando now controls over 40 oil and gas fields, of which 24 are producing.

Wale Tinubu’s leadership style is characterised by his vision, strategic thinking, and innovative problem-solving. He has built strong subsidiary brands and businesses, specifically starting from the downstream to the midstream and upstream sectors. His ability to navigate complex business environments and make bold decisions has been instrumental in Oando’s success.

Overall, Wale Tinubu’s business leadership has been instrumental in shaping Oando into the successful company it is today.

His transformation of Oando Plc is a remarkable story of vision, strategic thinking, and bold leadership. Today, these qualities have cemented Oando Plc’s position as Africa’s privately owned oil giant.

Tinubu pioneered the development of Nigeria’s foremost natural gas distribution network and captive power solutions through Axxela Limited. He also introduced OVH Energy, which at the time boasted one of the largest distribution footprint in Nigeria. The company has now exited the downstream.

So, there is no doubt that Oando plc has made significant strides in its 30-year history, since it was co-founded by Wale Tinubu and Omamofe Boyo as Ocean and Oil Group.

Since then, it has expanded growth massively, including listing on the

Nigerian Stock Exchange (NSE) in 2002 and ramping up its upstream operations through Oando Energy Resources as well as developing Nigeria’s foremost natural gas distribution network.

From a meagre crude oil production of 4,000 bbl/day, it has now grown to the production of about 50,000 bbl/day, expanding reserves from 100 mmboe to roughly 500 mmboe in the first instance to over 1 billion barrels reserves currently.

The company has launched the Oando Clean Energy Limited for renewable energy solutions and has implemented cutting-edge technology for improved efficiency.

Oando’s remarkable journey demonstrates Wale Tinubu’s commitment to growth, innovation, and community development, solidifying its position as a leader in Africa’s energy industry.

It has had a revenue growth from about N134 billion (2010) to N659 billion (2020), with improved investor confidence and capacity to attract international investors.

With its operations now outside the shores of Nigeria, around the Sao Tome and Principe Exclusive Economic Zone (EEZ), Oando Plc has attained the status of Nigeria’s first indigenous International Oil Company (IOC).

This, no doubt, attests to the enormous hard work put in by the forward-looking team at the company led by its Chief Executive Officer, Wale Tinubu, who decades ago, seized the gauntlet and dived into the oil and gas business in Nigeria.

A leading African exploration and production company, with world-class operations, Oando prides itself as being at the cutting edge of Africa’s upstream sector, with significant investments in a robust portfolio of oil and gas fields, as well as participating interests in onshore and offshore producing assets. Its asset base covers exploration,

development, and production for both oil and gas and holds interests in over 16 licenses for the exploration, development, and production of oil and gas assets located onshore, swamp, and offshore.

Today, it has a Certified Professional Reserves Report (CPR) from D&M, the second largest in the world, which has also been auditing ENI/NAOC, Chevron, Shell and other oil Majors for decades, all thanks to Wale Tinubu’s leadership.

Recently, under the able headship of Wale Tinubu, the company has recently hit a new milestone of $4 billion valuation, giving him the bragging rights as one of Nigeria’s foremost entrepreneurs. He has navigated complex regulatory environments and economic challenges, demonstrating his ability to adapt and thrive in uncertain situations.

Overall, Wale Tinubu’s leadership qualities have enabled him to build a successful and sustainable business, while also contributing to Nigeria’s economic growth and development and substantially expanding Oando’s operations.

In terms of cost optimisation, Wale Tinubu pioneered and implemented cost-reduction strategies to enhance profitability, enhanced process automation and led the company to invest heavily in technology to streamline operations and improve efficiency.

As for talent development, the chief executive of Oando Plc has fostered a culture of innovation and employee growth, diversified revenue streams, such that the crash of one economy does not mean the end of Oando.

At Oando, Wale Tinubu’s strategic hedging has ensured the excellent management of price volatility through hedging mechanisms and in terms of compliance has ensured regulatory adherence and maintained high governance standards.

Having begin his career as an attorney in 1990, specialising in corporate and petroleum law assignments, Wale Tinubu holds a Master of Laws degree from the London School of Economics and also attended the University of Liverpool for his law degree.

Overall, Wale Tinubu’s career has been a testament to his dedication, innovative spirit, and leadership excellence in the energy industry.

People close to him praise his ability to navigate complex business environments and his relentless pursuit of excellence, which have driven Oando’s success even in the face of adversity.

Under his leadership, Oando broke impressive records, showcasing his understanding of the volatile oil and gas industry.

Those who know him describe Tinubu as a resilient and adaptable leader, able to thrive in uncertain situations. His commitment to innovation and excellence have inspired a culture of innovation within Oando.

His achievements and leadership abilities speak for themselves, solidifying his position as a respected figure in the African business community.

With Wale Tinubu leading Oando Plc, there is no doubt that Nigeria’s foremost energy company is fully set for another decade of exploits in the dynamic Nigerian energy space and even far beyond these shores.

Wale Tinubu

ANALYSIS

NPA Under Scrutiny as Escravos Water Channel Faces Major Threat

Although ordinarily, the ‘desilting’ of the Escravos Channel, a vital waterway in Nigeria’s Delta State, should be routine, it has been facing a recurring problem of clogging, threatening one of the country’s major economic arteries, writes Emmanuel Addeh

The Excravos channel, which connects the Niger Delta to the Atlantic Ocean, plays a critical role in Nigeria’s oil and gas exports, as well as cargo transportation, but is now seemingly being abandoned by the concerned authorities.

Essentially, desilting is the removal of sediments and debris from the bottom of the sea, lakes, rivers, harbours, and other water bodies as sedimentation-the natural process of sand and silt washing downstream – gradually fills channels and harbours.

It is often focused on maintaining or increasing the depth of navigation channels, anchorages, or berthing areas to ensure the safe passage of boats and ships.

This is because vessels require a certain amount of water in order to float and not touch bottom. But since massive ships carry the bulk of the goods imported into Nigeria, dredging plays a vital role in the nation’s economy.

In general, several factors have contributed to the clogging of the Escravos Channel, according to checks by THISDAY, including siltation, wherein the channel’s shallow depth and slow currents allow sediment to settle, reducing its navigability.

This challenge at the Excravos water route has further been worsened by poor maintenance as well as the much talked about climate change, leading to rising sea levels and increased storm frequency which worsen coastal erosion and sedimentation.

This severe clogging comes with its economic and environmental implications, including reduction of cargo capacity as vessels must lighten loads, thereby increasing transportation costs.

It also increases transit time, since, as expected, ships face delays, affecting supply chains, resulting in economic losses, reduced trade volumes and increased costs which have harmed local businesses.

Clogging up the Excravos Channel has also caused some environmental degradation and general disruptions to port operations, leading to job losses.

This issue has raised serious concerns among the users of the water route as they, and by extension, Nigeria, continue to lose huge revenues from their operations due to heavy build-up of silt on the waterway, hindering smooth passage of vessels.

The Nigerian Ports Authority (NPA), the operators insist, has not been helping matters, thereby further compounding the problem. The NPA aside failing to do its job, they complained, is also delaying some players in the system who are interested in getting the job done in the interest of Nigeria.

THISDAY learnt that as a result of the slow paperwork for the ‘desilting’ of the channel by the NPA, the federal government agency that manages the operations around the affected area in the Warri axis of Delta state, many of the route users are now frustrated.

The NPA plays a crucial role in maintaining the nation’s waterways, including the Escravos Channel. Although there have been attempts in the past to address the, they have not borne the expected fruits, especially since it is not conducted regularly.

If the NPA does what is statutorily expected of it, this will improve navigation and reduce transit times, increase cargo capacity and reduce transportation costs, enhance economic growth and competitiveness as well as protect the environment by reducing sedimentation. But sources who chose to remain anonymous, said nothing has been done for years.

According to them, several vessels have been running aground in the channel, further compounding the mess, because the NPA, which should ensure the orderly movement of vessels around the area, has largely shirked its responsibility.

“Typically, this is the channel that allows access into the Warri port and there are multiple users. It is also a channel that provides access for the tankers that bring in Premium Motor

Spirit (PMS) for the country.

“NNPC is a key user because those are tankers that are commissioned by them. Now, with regards to crude oil production for the country, some of the assets in the western Niger Delta corridor also convey crude oil from the fields via mid-range tankers shuttling from the asset through the channel to offshore location for export.

“Now, this channel, over the years as is typical with nature has been silted. So, increasingly, it has been difficult for vessels to navigate and once aground will require assistance to re-float with high-powered tug boats, ” one of the tug boat providers said.

THISDAY checks showed that in the past , several ocean-going vessels owned by Matrix Energy and other ship owners/charterers including MV Adebomi 3, MT Matrix Triumph, MT Matrix Asa, and MV Zola had run aground within the same axis.

It was further learnt that since the maximum draft at the channel during high tide is about 6.2 meters, many vessels now routinely get stuck in the area, leading to loss of huge revenues, including expenditure on heavy machinery for towing the affected vessels.

Before they are towed, these vessels are said to block the entire channel, thereby making it impossible for other vessels to move along the route for sometimes as many as 10 days, leading to significant financial losses.

Aside the oil companies, including Chevron and Shell, which use the route, it was further understood that other local small scale endeavours also use the line to move bulk products.

To ensure sanity on the water route pending dredging, THISDAY learnt that the users have clamoured for NPA to maintain stricter oversight on the issue of draft restrictions in order to avoid the occurrence of blockage of the channel by overloaded vessels.

“You would expect that the responsible agency would ensure that it remains navigable because of its importance because these operators are providing a service, and they are supporting the country’ cash flow plans and revenue generation, whether through the production making its way

to the terminals.

“But businesses are experiencing frustration and there’s a heightened sense of emergency to do something, anything at all, on that channel. There’s an agency there that governs or marshal out user rules and regulations.

“But you can imagine that people also play ‘try your luck’. They will load up their vessels, pass the acceptable rate for the draft, and will just try to see if they can find their way through. On the average, you could see vessels that are grounded for seven days or over 10 days.

“And what it means is that as soon as you have that, there are businesses that are suffering. There’s zero activity for the next seven days, and the ramifications or consequences is the inability to deliver service timely,” one user told THISDAY.

Another channel user added: “Every channel has a limit of six, seven, eight metres and there’s always a control tower that tells the vessels to come in at the right time, depending on their draft then.

“But what is happening now is that because that place is silted, and the chiefs in Abuja and Lagos are not making the right decisions, the harbour master in Warri and his team still give vessels green lights, even when he knows that their drafts are not accommodated by the channel.”

The user pointed out that once they get in there, they will run aground, then a tugboat will be sought for to pull it out. About three days ago, he stated that there were three blockages, which had taken an average of eight to nine days to open up. It seems this is another business for tugboat vendors which the operators are wondering what the motive is.

“So, you can understand that business activity in that axis has crumbled. And this is where you have oil production and other activities. This is the channel. There are two channels in Warri. One is the Escravos channel. One is the Forcados channel. They’ve allowed the Forcados channel to silt a long time ago. So, that one is abandoned.

“Now, this one, if they allow it to go this way, it means that it will get to a point where they will even abandon any marine economic activity

in the Warri axis as well,” the source added. According to the source, it is expected that parties move to urgently resolve the business challenge that is currently impacting business activities in the Niger Delta.

“We all are aware these could be another issue that leads to not improving the commercial and business activity in the Niger Delta.

“It seems the issue today is because as usual in Nigeria, everybody wants his interest to be covered, reason it’s taking NPA time to close the dredging mobilisation for such a critical national interest (what could be termed a water gateway) to deteriorate.

“NPA, if needed should explore initiative to fast track, including seeking the support of the users who ordinarily pay for the use of the channels. This is like a toll highway, as such funding shouldn’t be an issue.

“Clearly, the impact of this on the PMS distribution in the country is obviously from the long queues. The impact on production shut-in is almost a billion dollar in this time of below par production and shortage of Foreign Exchange for the country ,not to mention the added cost to the business due to long waiting of vessels at the channel ,” THISDAY was told.

In May this year, about seven daughter vessels carrying a combined total of 150 million litres of petrol were reported to have been trapped on the high sea at the Escravos channel, leading to a worsening of the fuel supply crises.

Also, with the channel having not been dredged for years, the fear of grounding has made heavy tonnage merchant ships to abandon the channel, throwing the ports in Warri, Koko and Sapele that are served by the channel into redundancy.

But in a response, the NPA listed the various efforts it had made to solve the problem, describing the Excravos Channel issue as ‘peculiar’.

“The Warri/Escravos Channel is quite peculiar in the sense that its dredging must of necessity be preceded by reconstruction of the Escravos breakwater which had collapsed and is resulting in unprecedented rate of silt at the entrance of the Channel.

“Fortunately the federal government has approved the Authority’s inclusion of the comprehensive rehabilitation of the breakwater in the Port Modernisation Programme which is to be implemented shortly,” the NPA said through its spokesman, Ikechukwu Onyemekara.

He added that the rehabilitation, once achieved, will pave the way for regular and routine maintenance dredging for the entire channel.

According to him, the last time a dredging campaign that specifically targeted the critical entrance area covering over 21.0 kilometres was in 2022.

The NPA spokesman recalled that the Authority made a case for urgent federal government intervention and had recently secured administrative approval to undertake maintenance dredging in the most critical section of the channel on an emergency basis.

“The contractor has concluded the in-survey and is already mobilising to site. It is expected that the campaign would be completed within 16 weeks.

“Once concluded, it would provide the much needed temporary respite pending the completion of the rehabilitation of the breakwater which would then be followed by regular/routine maintenance of the entire channel,” he added.

As a measure of ensuring business continuity, the Authority, he said, has approved the ‘lightering’ of vessels laden with products to minimise incidences of vessel grounding and facilitate easy evacuation where violations of the advertised draught results in grounding.

“In addition to the above is the Authority’s enhanced installation of navigational aids/buoys and robust stakeholder engagement with the host community and shipping lines to adhere to the ‘mitigatory’ measures being put in place to make the best of the situation,” he stated in the response.

Managing Director of the Nigerian Ports Authority (NPA), Dr Abubakar Dantsoho

TRAVELOGUE

Baku Is Set, How Ready Is Africa For COP29?

Carbon credit sales raise fears of recolonization

In a period of less than four weeks, representatives from 186 countries that confirmed their participation would be assembling in the splendid city of Baku, the Azerbaijani capital to showcase their efforts to limit global warming and host discussions to prepare for future climate change.

The expected delegates, numbering between twenty to forty thousand, coupled with about the same number of activists and other interested parties are expected to discuss the adaptation and mitigation efforts required to achieve significant positive outcomes in the coming years towards tackling climate change.

Each country has its nationally determined goals and priorities (NDCs), and these are also the points of dissonances.

Azerbaijan, speaking through their minister of environment Mansour Babayev, says they want this year’s summit to give attention to making climate finance more available, accessible and affordable to developing countries so that they can achieve their climate ambitions and implement their their NDCs.

Beyond the hackneyed issues of mitigation and adaptation, the hosts this year have stated the goal of working with others to find ways for an increase in financing climate mitigation by the Least Developed Countries, LDCs.

Determined to assist these African and other developing countries to prepare themselves well with platforms and the usual debates, Azerbaijan dispatched several teams to visit to hear the expectations and vulnerabilities of those countries.

If this works out well, Africa would be delighted with this vision and commitment of Azerbaijan’s long-serving national leader, President Haydar Aliyev and his people who have shown a rare willingness and commitment to climate positive actions much earlier than the growing, intense awareness of the climate action seen in recent years.

Azerbaijani capital, Baku (they say its historically correct name is Baki) is a repository of climate actions and policies for as long as the city had been in existence. A visit to the sprawling city would convince even the most disinclined critics that its choice as the host of COP29 global conference is not by accident.

When my hotel said at the point of check-in that their fitness centre was unfortunately out of use, I asked to be shown a public park runners could use.

For those readers who would be there 11-22 next month, November for this event, they would see that virtually all the major city streets are characterized by greenery, designed as parks and gardens geared towards sustainable lifestyles. This is the city as it had always been, not a design change or make-believe to attract the hosting rights of the COP.

Away from capital, even the newlyrecovered, Armenian-occupied territories around Nagorno-Karabakh in the latest round of war between the neighbouring countries have been designated as a “Green Energy Zone.”

With this, the region is set to witness a climate resilient development that would transport it to the future in terms of greenery and resilience.

The country’s passion for the green agenda is equally manifested by the achievements

of two key sectors - oil and gas and electric energy sectors.

As is Nigeria, Azerbaijan is an oil and gas economy. They are not in OPEC but they are, like Russia -the world’s second largest oil producer- in a sort of community with the organization, working together to decide the price of oil and other oil commodity policies. Together, they make up what they call “OPEC plus.”

It then follows that the country would be concerned, as we are here, with the growing Western rhetoric of a hastened, total ban on the use of fossil fuels. Until the Russian war with Ukraine started, the developed economies of the West were taking a number of concretely aggressive measures to limit oil production and its uses, telling their banks to stop funding oil and gas development in countries such as ours.

Azerbaijan today produces between 700,000-800,000 thousand barrels a day and SOCAR, the fully state-owned national oil and gas company headquartered in Baku is currently making strategic shift as it evolves from a traditional oil and gas company to a comprehensive energy provider with medium and long-term decarbonization targets they would further unveil at COP29.

In October 2023, Azerbaijan completed a 230 MW solar plant in Garadagh, near Baku, sending another strong message of their passion for their green agenda. This was quickly followed by the laying of the foundation of two new stations to bring available capacity to 1GW (one gigawatt), marking a major step in the march to their energy transition.

In the medium term, Azerbaijan aims to generate 30 per cent of its energy from renewable sources by 2030.

While the country’s available electricity supply is put at 5 GW, regular consumption is currently at about 3.5G W, rising to a maximum of up to 4.5 GW.

Azerbaijani food culture is, as to be expected, significantly different from our own. But visiting Nigerians would have plenty to eat - and

pleasantly 6 in the Old City, parts of which are designated as UNESCO heritage sites.

The French have a great reputation for being consumers of bread, but the Azerbaijanis eat on the average 100 per cent more bread than do the French citizens.

The Hausas will find themselves at home with their grilled meats-some of it much like our suya- and their Chay (tea), served freshly brewed, hot, and strong.

The Yorubas would not miss their hot peppered meals. Baku is not like other places where you ask them to give hot peppers, and they bring you curry powder or Tabasco. If they ask for it, they will escalate it to the level you want. Igbos will get a variety of vegetable soups and fish or cow meat they are used to, but if they must eat garri or yam, they should package some from home.

Although 90 per cent of them are Muslim, they don’t flock to the mosques as we do here. After 70 years of communist control under the Soviet system, many don’t remember how to pray five times in a day. Or even the direction of the Qibla. Yet, here and there, you can see women in their Hijab and a designated prayer place in public places. The city has beautiful mosques and a colourful orthodox-type cathedral.

When you see the free flow of alcohol and its consumption, you would think you are in a European capital or a major metropolis. In addition, they have a budding wine industry that has begun receiving global recognition.

In readiness for the climate conference, the host country has transformed the Baku stadium into a multi-venue meeting centre. The UN agencies alone have 120 meeting pavilions. There are several medical centres and a large number of fire trucks in the facility. The Green Zone has a setting to contain well-ordered demonstrations and protests, usually characterizing COP. Anything outside the approved protest guidelines will be met with a firm response. This country places law and order on a very high level, and a warning to our activists is that they should not take this lightly.

The city itself has prepared a list of 144 hotels in the third, fourth, and five-star categories, and the booking platforms are already released. A user-friendly, fast-track visas platform is available 24/7, and transportation would be available free of charge.

Baku, which is notorious for its slow movement of traffic, is promising transport management using mostly buses. Given the big inflow of people during the conference, this should mark a reduction of carbon imprint.

Negotiators at the Glasgow COP26 climate change summit agreed in November 2021 to create a global carbon credit offset trading market. By this, countries could emit a certain amount of carbon dioxide or other greenhouse gases (GHGs) and to sell the excess number of credits allowed them by the UN. Africa, which in total is responsible for only two per cent of the world’s greenhouse emissions, is increasingly becoming more or less the shopping mall for carbon credits.

A growing number of African countries see a strategic opportunity to leverage the continent’s renewable resources to earn money while advancing global climate goals. This is, however, being seen by the activist community as a precursor to a new colonial rule in Africa.

Rich countries, including some in the Middle East, are on a buying spree of swathes of African forests under the United Nations Framework Convention for Climate Change, UN-FCCC, to counter emissions by preventing deforestation.

Gabon, one of the most forested African countries, is on the record as the first country on the continent to make carbon credits available for sale.

Since then, others, including Kenya, Malawi, Togo, Burundi, and Rwanda, have entered the trade.

For example, a company called Blue Carbon, founded by Sheikh Ahmed Dalmook Al Maktoum, a member of the royal family of Dubai, has signed MOUs with the governments of Liberia, Tanzania, Zambia and Zimbabwe to manage huge swathes of their forests and produce carbon credits from conservation activities.

Notable carbon projects in Kenya include the Northern Rangeland Trust Carbon Project, the Kasigu Wildlife Corridor Project, and the Mikono Panuja Project.

These projects, in a way, give the wealthy countries and corporations a lisence to continue to pollute the planet.

Last year, the Vice President of Nigeria inaugurated a committee of experts to advise the government on the activation of a sustainable carbon market.

On the basis of this committee’s recommendations, the government is hoping to ensure the creation of “an efficient carbon market ecosystem” expected to fetch the country more than two thousand, five hundred million Dollars ($2.5 billion). Nigeria has a very hard decision to make.

With growing fears of such deals tending to breach community land ownership and violate people’s rights to have a say in the development of their land, African governments are coming under increasing criticism from international NGOs, urging them to halt the relapses into colonialism by the way of foreign rule over their territories.

How all these play out - the pro and con- at COP29 - will have a significant impact on the African, nay world order.

•Garba Shehu, Journalism and PR Practitione

Garba Shehu

Mansour Babayev

Kayode Tokede

On the back of galloping inflation, regulating expenses, and devaluation of the local currency, a total of 23 leading companies on the Nigeria Exchange Limited (NGX), reported a whooping N5.1 trillion operating expenses in the half year (H1) ended June 2024.

This is about 100.5per cent increase from N2.56 trillion reported in the half year ended June 2023.

The 23 companies are made up of financial institutions, cement manufacturing companies etc.

Nigeria’s inflation rate, according to the National Bureau of Statistics (NBS) stood at 34.19 per cent as at June 2024 from 22.79 per cent in June 2023, driven by money supply, exchange rate, net exports, interest rates, fiscal factors, agro-climatic factors and real output.

With inflation currently at 32.15 per cent, analysts have predicted further hike in OPEX this year, stressing that its impact may cut down on earnings and dividend

Nume Ekeghe

Credit to the Nigerian government surged to an unprecedented N31.15 trillion in August 2024, highlighting the government’s increasing reliance on domestic borrowing to meet its financial obligations.

This sharp rise, representing a whooping N11 trillion increase from N19.83 trillion in July 2024, reflects the growing attractiveness

payout to shareholders.

Also, the Naira depreciated to N1,482.982 against the dollar as of June 2024, from N770.38 against the dollar June 2023, influenced by the Central Bank of Nigeria (CBN) policy on Naira at the foreign exchange market.

Aside from inflationary pressure, other key factors contributing to high banks OPEX include; wages and salaries for staff, Deposit insurance premium, Asset Management Corporation of Nigeria (AMCON)’s 0.5 per cent sinking funds levy, among others. Analysis of the H1 result and accounts submitted to the NGX showed that MTN Nigeria Communication Plc, followed by Ecobank and Access Holdings Plc recorded the highest OPEX.

In H1 2024, MTN Nigeria reported N738.55 billion OPEX, about 108 per cent increase from N355.23 billion reported in H1 2023.

According to the management of MTN Nigeria, deprecation of the naira, higher energy costs and the

of government securities in a high-interest-rate environment.

Data released by the Central Bank of Nigeria (CBN), underscores the government’s expanded borrowing strategy as it navigates fiscal pressures and limited revenue options.

The CBN’s latest money and credit statistics indicate a persistent upward trend in government borrowing throughout the year,

introduction of Value Added Tax (VAT) on tower leaser in September 2023 contributed to its 108 per cent increase in OPEX.

According to MTNt, “When excluding these effects, OPEX increased by 31.7 per cent, below the average inflation rate of 32.8 per cent. This demonstrates the efforts made to improve expenses efficiencies. Although constrained by macro headwinds, our expense efficiency programme delivered N15.8 billion in cost savings in H1 2024.”

Also, Ecobank announced N728.73 billion OPEX in H1 2024, representing an increase of 165 per cent from N274.88billion in H1 2023 while Access Holdings declared N719.1billion OPEX in H1 2024, an increase of 128 per cent from N315.94 billion reported in H1 2023.

Following the 165 per cent increase in Access Holdings OPEX, its Cost-to-income ratio (CIR) remained relatively flat at 60.4per cent in H1 2024 despite

driven largely by fiscal demands.

From August 2023, when government credit stood at N22.51 trillion, borrowing has seen significant fluctuations.

While there was a moderate rise to N23.52 trillion in January 2024, a sharp surge occurred in February when credit reached N33.93 trillion, marking the highest spike during the year. However, borrowing patterns

double digit growth in inflation and devaluation in the same period.

“Cost to income was moderated as revenue outpaced operating expenses. The increase in operating expenses was primarily from ongoing IT upgrade and integration, double-digit growth in AMCON levy and NDIC premium which increased by 63.1per cent and 37per cent, respectively, and will normalise in the second half of the year, inflation-related cost-of-living adjustments, higher energy expenses, and the currency conversion impact of subsidiaries’ operating costs,” the Group in a statement explained.

In a chat with THISDAY, analysts stated that the hike in inflation rate is affecting not only banks profit generation, Speaking, the Vice President, Highcap Securities Limited, Mr. David Adnori said the hike in banks operating expenses is a reflection of global economic unrest, stressing that financial institutions operating in Nigeria

displayed volatility, with a notable dip to N19.59 trillion in March, followed by a modest rise in April to N19.98 trillion.

Following months, government credit resumed its upward trajectory, with May recording N28.38 trillion. Borrowing remained relatively stable over the next few months, hovering around N19.83 trillion in July before witnessing another

and in Africa do not operate in isolation.

He expressed that the growth in operating expenses reported by listed companies would definitely have an impact on profit and dividend payout to shareholders.

He said, “The world is currently facing a high inflation rate and Nigeria, Africa at large are not exempted from this experience, with countries on the continent witnessing record high inflation rate. The surge in inflation rate is following the rally in crude oil prices, amidst the face-off between Russia/Ukraine, among other nations.

“Reacting to the surging inflation rate, regulators of several countries where Nigerian companies operate have also raised their interest rates to curb the rising cost of goods and services. However, this is yet to yield any significant positive as the inflation rate above 30 per cent. With cost impacted, Nigerian companies may suffer slow profitability this year and it

substantial increase in August to N31.15 trillion.

The surge in government credit, analysts said, emphasises the government’s reliance on domestic credit markets as a primary funding source.

“The rise in government borrowing coincides with a broader economic environment where rising interest rates have made government securities

might impact on dividend payout,” he added.

On his part, the CEO, Centre for Promotion of Private Enterprise (CPPE), Dr Muda Yusuf stated that inflationary pressures remain a key concern in the Nigerian economy, both for businesses and the citizens. He highlighted that implications of high inflation rate include escalation of production and operating costs for businesses, leading to erosion of profit margins, drop in sales, decline in turnover and weak manufacturing capacity utilization, high food prices which impacts adversely on citizens welfare and aggravates poverty.

He further stated that weak purchasing power, which poses significant risk to business sustainability and price volatility, which undermines investors’ confidence are major implications of high inflation pressure.

increasingly attractive to investors seeking safer, higher-yielding assets.

“With inflationary pressures continuing to mount and borrowing costs rising, local investors have shown a strong appetite for government bonds, which offer relatively stable returns compared to other investment options, “analysts stated.

Wo R l D Po RT Co N f ERENCE …

Analysts Tasks FG on Mechanisms to Meet $1tn Economy Target

The federal government has been charged to put up mechanisms that will align current economic realities with the expected economic growth in order to meet its $1 trillion economy projection by the year 2030.

The Managing Director/ Chief Economist, Analysts Data Services & Resources Limited, Dr. Afolabi Olowookere, stated this at the 9th Annual National Conference of the National Association of Insurance and Pension Editors held in Lagos.

Speaking on the theme, “Towards A $1trillion Economy, Roles of Insurance And Pension Sectors,” he urged federal government to tinker with the current policies and speed up infrastructure development to

encourage more investments, to realise the $1 trillion economy projection.

According to Olowookere, the country’s Gross Domestic Product (GDP) grew from 2.98 per cent in the first quarter of the year to 3.19 per cent in the second quarter, noting that the forecasts in the short to medium term remained weak.

Speaking, the Chief Investment Officer of Access ARM Pensions, Wale Okunrinboye, has called on long-term and institutional investors to take a more active role in financing sectors critical to Nigeria’s industrialization and economic growth.

He highlighted the need for pension funds, insurance companies, and other key financial stakeholders to collaborate with the government to achieve Nigeria’s ambitious goal of becoming a $1 trillion economy.

NB Obtains SEC Approval to Extend N599.1bn Rights Issue

Nigerian Breweries Plc has announced an extension for the acceptance period of its N599.1 billion rights issue to Friday, October 18, 2024.

Group Business Editor

Eromosele Abiodun

Deputy Business Editor

Chinedu Eze

Comms/e-Business Editor

Emma Okonji

Asst. Editor, Energy

Emmanuel Addeh

Asst. Editor, Money Market

Nume Ekeghe

Correspondents

KayodeTokede(CapitalMarkets)

James Emejo (Finance)

Ebere Nwoji (Insurance)

Reporter

Peter Uzoho (Energy)

The extension, it said in a statement, follows regulatory approval by the Securities and Exchange Commission (SEC) after the acceptance period for the right issue closed today, October 11, 2024.

In a notice of extension of the acceptance period conveyed by Nigerian Breweries and signed by its Legal Director/Company Secretary, Uaboi Agbebaku, the company stated that it is pleased to notify its esteemed shareholders and the Nigerian Exchange Limited (NGX) that the acceptance period for its rights issue which opened on September 2, 2024, and scheduled to close on October 11, 2024, has been extended to October 18, 2024, following the approval of the Securities and Exchange Commission (SEC).

Agbebaku noted that the acceptance period was extended to accommodate the normal working day activities disrupted by the public holidays observed during the initially scheduled acceptance period. According to him, the extension was meant to provide shareholders with ample opportunity and time to subscribe to their rights.

He emphasised that countries transitioning from underdeveloped to developed economies typically undergo a robust phase of industrialization, followed by the growth of highservice sectors.

Okunrinboye stressed that attracting both local and foreign investments is essential

for Nigeria to become a fully industrialized economy. He urged pension funds and other long-term investors, traditionally focused on government securities, to diversify their portfolios into critical sectors that can drive industrialisation.

“To transition into a fully industrial economy, we need

to attract investments some of which should be local, and some foreign. This is where pension funds and other long-term investors come in.

A large portion of pension fund investments is currently in government securities, but recent discussions have focused on the need to invest beyond government securities as a way to catalyze and develop the economy,” Okunrinboye said. Earlier in his goodwill message, the Chairman of the occasion, and a former Commissioner for Insurance, Mr Fola Daniel, commended NAIPE for putting the programme together.

Dantsoho Seek Global Support for Nigeria’s Single Window Project

The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho has solicited the support and technical synergy of the global shipping community as Nigeria finalizes moves to implement the National Single Window (NSW) project.

Speaking as a participant at the ongoing World Ports Conference 2024 taking place in Hamburg-Germany, Dantsoho

said the renewed vigour with which Nigeria is accelerating the implementation of National Single Window project which will in fundamental terms deepen port efficiencies by eliminating human interface that hitherto undermine InCountry trade facilitation efforts, requires intensified international technical support to meet and indeed exceed global expectations.

He said, “The tremendous policy support provided by Nigeria’s Minister for Marine & Blue Economy Adegboyega Oyetola propelled the Nigerian Ports Authority’s finalisation of the crucial phase of the Port Community System (PCS) which is the precursor to the NSW.”

Responding to the call by the President of the International Association of

Ports and Harbors (IAPH), Mr. Jens Meier’s call for Ports to actively collaborate on knowledge sharing with the maritime community to accelerate decarbonisation, Dantsoho said,”The NPA is fully aligned and we were deliberate at ensuring that our ongoing Port Modernization programme is guided by the imperatives of ecofriendliness.”

NESG Reaffirms Commitment to Interventions in Health, Education

Nume Ekeghe

The Nigerian Economic Summit Group (NESG) has reinforced its commitment to enhancing Nigeria’s education and health sectors through strategic collaborations and partnerships.

In a statement, Head of Workforce Management and Academy at the NESG, Gbemisola Ibrahim, reiterated the organisation’s focus on driving meaningful interventions in these

critical sectors.

“The NESG, through its policy commission structure, has made considerable progress in both education and health.

The NESG Academy plays a pivotal role in supporting these commissions, contributing to the development of knowledge products that are actively used in Nigeria today.

“One of our key long-term objectives is aligned with the United Nations’ Sustainable

Development Goal 4, which advocates for inclusive, equitable quality education and lifelong learning opportunities. We have collaborated with NGOs to design curricula that have already been adopted in some Nigerian schools. Moving forward, we aim to expand these partnerships to increase our impact both in Nigeria and across Africa,” Ibrahim stated.

Ibrahim also underscored the NESG Academy’s essential

role in preparing volunteers for the intricate landscape of policy reform. “The Academy was founded nine years ago to equip our volunteers—whether they are seasoned experts, mid-level professionals, or early-career individuals—with the necessary knowledge and skills to navigate the complex policy reform space. We focus on building their capacity to ensure they can effectively contribute to our mission,” she explained.

Standard Chartered Hosts MGM Payout Ceremony in Lagos

Kayode Tokede

As part of its 25th anniversary celebrations, Standard Chartered rewarded loyal customers at its recent Member Get Member (MGM) payout ceremony in Lagos.

The MGM campaign is an Affluent Banking’s Referral Campaign of Standard Chartered Bank Nigeria Limited.

It is designed to motivate existing individual clients and staff of the Bank to refer their close associates (family and friends) to open accounts with

the Bank and get rewarded for their referrals.

Speaking at the event, Head, Affluent Banking and Branches Nigeria and West Africa, Chima Patience Ebor expressed her gratitude and continued support to the clients as they have played a vital role in helping us grow our business.

She said, “The Standard Chartered Bank Member Get Member Campaign seeks to encourage our existing clients as well as eligible staff members, to refer their closest associates and friends

to open qualified Priority or Premium Banking accounts and get rewarded for their referrals.

“The objective of the campaign among others is to improve our customer engagement and loyalty, enhance our Affluent Banking Customer Value Proposition, encourage meaningful interactions and strengthening ties with existing clients while also increasing our New To Bank client base.”

Country Head of Corporate Affairs, Brand and Marketing, Joke Adu

in a statement added,”‘The Member Get Member campaign event provides yet another opportunity for us to appreciate the loyalty and commitment of our customers to us especially as we celebrate our 25th anniversary. Our purpose remains to drive commerce and prosperity through our unique diversity and with our customer’s partnership on initiatives like this campaign, we can extend the reach of our customer value proposition to new to bank customers.”

Kayode Tokede

Nume Ekeghe and Ebere Nwoji

Managing Director Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho (Middle); President of the International Association of Ports and Harbors (IAPH) and CEO of Hamburg Port, Authority Jens Meier (2nd Left); Managing Director IAPH, Mr. Patrick Verhoeven (2nd Right); Executive Director Finance & Administration, NPA, Ms. Vivian Richard Edet (1st Right) and Mr. Ikechukwu Onyemekara, General Manager Corporate & Strategic Communications, NPA (1st Left) at the International Association for Ports & Harbours World Port Conference 2024 in Hamburg – Germany… recently

NDIC Reaffirms Commitment to Improved Safety of Depositors’ Funds

James Emejo in abuja

Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC), Mr. Bello Hassan, has reaffirmed the corporation’s commitment to improved customer service relations, and safety of depositors’ funds in the financial system.

Speaking at the NDIC 2024 Customer Service Week celebration with the theme, “Above and Beyond,” in Abuja, he commended its staff for exemplary performances and dedication in fostering a culture of exceptional customer service, particularly payments to depositors of the failed Heritage Bank.

Represented by NDIC Executive Director, Corporate Services, Emily Osuji, Hassan noted that the customer service week was an international celebration that recognizes the vital importance of customer service and the individuals who serve and support customers on daily basis.

He pointed out that year’s theme captures the spirit of

collaboration and the unwavering commitment of NDIC to service delivery to it stakeholders.

He said, “Today, I would like to reflect on the essence of exceptional customer service and how going above and beyond can transform not only our relationships with customers but also enhance our core mandate.”

“As you all know, our passion for what we do drives us to creating a positive and stakeholder-centric culture exceed expectations.

“The theme for this year, “Above and Beyond”, our commitment to working with excellence, understanding reflects our shared values, and providing solutions that our unique environment where competition is fierce surpass expectations.”

He said the corporation’s ability to deliver outstanding customer service in ways that create lasting impact has continued to set the organisation apart.

According to him, exceptional customer service is not the responsibility of a single nurturing but a culture that

GEN Global President Extols Nigerian Startups, Entrepreneurs

The President, Global Entrepreneurship Network (GEN), Mr Jonathan Ortmans has stated that Nigeria has extra-ordinary potential to grow much faster as a startup nation than other developed countries of the world. Ortmans, who visited Nigeria recently in preparation for the 2024 global entrepreneurship week celebration in November 2024 stated this during the conversion with GEN President event powered by GEN Nigeria. According to him, “Nigeria has got a lot of assets. It is much harder to build a healthier hyper-performing entrepreneurial ecosystem in a large economy than it is in a smaller economy. This may sound illogical because of so many complexities that the larger your country is the more difficult it can be to make it work,” he added.

In his words; “We have seen some countries do very well at this in a shorter period of time,

we think Nigeria has the right entrepreneurial culture, it has got the size of the economy as a result of some of the other areas that they have grown their gross domestic product (GDP), but it has also got the potential as a result of the high population that interested in entrepreneurship. Therefore, we see an extra-ordinary potential for Nigeria to grow much faster as a startup nation.”

Speaking on the GEN Nigeria collaboration with agencies of government, Managing Director, GEN Nigeria, Dr. Olawale Anifowose said, “GEN Nigeria is in partnership with many of the government agencies that are responsible for supporting SMEs in Nigeria. We have a strategic partnership with the Small and Medium Enterprise Development Agency of Nigeria (SMEDAN), we also have a strategic partnership with Bank of Industry (BOI), Development Bank of Nigeria.”

prioritises customer satisfaction, adding “we not only improve individual experiences but also

build a lasting reputation for excellence”.

However, National

Coordinator/Chief Executive, SERVICOM, Mrs. Nnenna Akajemeli, commended the

corporation’s efforts at ensuring improved customer relations and urged it to do more.

Nigerian Customs Service Wins Prestigious IPRA Golden World Award 2024

The Nigerian Customs Service has been selected as the winner of its Golden World Award (GWA) scheduled to take place at the Metropol Palace Hotel in Belgrade. Serbia, on Friday, 18 October 2024.

In a letter signed by the Secretary General of IPRA, Philip Sheppard which was addressed to the Comptroller General of the Nigeria Customs Service, Bashir Adewale

Adeniyi, IPRA stated that the NCS campaign entry: “100 Days of Impactful PR at Customs Service,” won the Crisis Management category of the Golden World award.

The award, which celebrates outstanding achievements across various sectors, is bestowed upon individuals and organizations committed to international standards of excellence in public relations, nation-building, good governance, community development, and sustainable peace-building.

IPRA frequently showcases PR programmes that are in line with the UN 17 Goals to Transform our World. Moreover, in October, the campaign of the Nigerian Customs Service which was carried out in collaboration with its image Merchants Promotion Limited will be crowned winner in the Crisis Management Category.

The annual IPRA Golden World Awards initiative was established in 1990. It recognizes excellence in public relations practice worldwide in 60 categories. Receipts of the award take particular pride in the recognition granted to their entry as meeting international standards of excellence in public relations.

PenCom Unveils Service Charter, Automates Pension Clearance Certificate Process

James Emejo in abuja

The National Pension Commission (PenCom), has launched its Service Charter and Framework, designed to define clear service delivery expectations, both for the commission, Pension Fund Administrators (PFAs) and other operators.

Acting Director General, PenCom, Ms Omolola Oloworaran, said the document

Kayode Tokede

Ecobank Transnational Incorporated (ETI), has announced the successful pricing of its $400 million 10.125 per cent notes due October 15, 2029, with interest payable semi-annually in arrears on April 15, and October 15 in each year, commencing on April 15, 2025.

The Group Chief Financial Officer,

Chivita|Hollandia has emerged as a major winner at the Marketing Edge Awards 2024, taking home multiple accolades in a night that celebrated excellence and innovation in marketing and brand leadership.

In recognition of its market dominance and consumer trust, Hollandia was awarded the

sets the benchmarks that will govern its interactions and “ensure that the trust placed in us by the Nigerian public is maintained and continually enhanced”.

Speaking during that commission’s 2024 Customer Service Week in Abuja, she said the launch represented a pivotal step forward in strengthening its commitments to stakeholders.

Oloworaran, specifically

ETI, Ayo Adepoju in a statement said, “The net proceeds from the issuance of the Notes will be used for general corporate purposes, including refinancing of the $350million Senior Bridge-to-Bond Loan Facility entered into in March 2024.”

“The transaction was well-received with solid demand from International and African investors achieving a final orderbook oversubscription rate,

Outstanding Dairy Brand of the Decade on the night.

“This accolade reaffirms the brand consistency and commitment to delivering top-quality, nutritious dairy products that have become staples in Nigerian households. For over a decade, Hollandia has led the market with innovations that

commended staff for their dedication to service excellence, and being part of the important transformation in the country’s pension landscape.

She said, “As we roll out these initiatives, I want to emphasise that excellent service delivery is not just a regulatory requirement—it is a key driver of confidence in the pension system. Let us work together to ensure that these commitments

are realised, delivering a pension system that not only meets but exceeds the expectations of our contributors.”

Also addressing journalists, Head, Investment Supervision Department at PenCom, Mr. Abdulkadir Dahiru, said the commission has automated the process for applying for pension clearance certificates, making it easier for employers to access the document.

reflecting the trust and confidence investors have in Ecobank’s Growth Transformation and Returns Strategy.

“We are thankful for the support and partnership from Absa, Africa Finance Corporation, African Export-Import Bank, Mashreq, and Standard Chartered Bank, who acted as Joint Lead Managers and Joint Bookrunners, and Renaissance Capital Africa, who served as the Financial Adviser for the transaction.

cater to the dynamic needs of consumers, offering a wide range of dairy beverages that combine taste, nutrition, and convenience that empower consumers to Stay Ahead with Dairy Power,” it said in a statement.

Adding to the company’s haul of awards at the event, Marketing

“We deeply value and appreciate the strong support from our Development Finance Institution partners, including the Africa Finance Corporation, PROPARCO, and the Eastern and Southern African Trade and Development Bank, who helped anchor the transaction,” the institution added.

Director, at Chivita|Hollandia (CHI Limited), Mrs. Toyin Nnodi, was named the Outstanding Marketing Personality of the Year. Mrs. Nnodi’s strategic vision and innovative approach to consumer engagement have been instrumental in driving the success of Chivita and Hollandia.

Director General of the Bureau of Public Enterprises(BPE),Mr.Ayodeji Ariyo Gbeleyi,(right), welcomes the Executive Chairman of the Federal Inland Revenue Service (FIRS),Dr. Zacch Adedeji, during a courtesy visit by the latter to the Bureau… recently.

SON: Standards Crucial for Climate Change Mitigation, Sustainable Practices

James Emejo in anuja Director-General/Chief Executive, Standards Organisation of Nigeria (SON), Dr. Ifeanyi Okeke, has said developing relevant standards remained vital for the successful implementation of mitigation strategies over climate change. He said standards are particularly crucial in achieving

realising the Sustainable Development Goals (SDGs) and facilitating the development of renewable energy, and sustainable practices.

Speaking at the 2024 World Standards Day celebration with the theme, “Shared Vision for a Better World”, over the weekend in Abuja, he said the organisation had adopted 88 international standards for

the Compressed Natural Gas (CNG) products in line with President Bola Tinubu’s agenda for energy diversity.

Okeke assed that SON remained member of the committee developing the Natural Gas Vehicles Monitoring System (NGVMS), aimed at overseeing the implementation of CNG systems in vehicles and to ensure the use of quality

products in Nigeria.

He said the organisation had also SON conducted factory visits to China and India to certify CNG components and kits, prioritising safety and quality assurance. He reaffirmed SON’s commitment to improving lives through standardisation and quality assurance, fostering consumer confidence, and enhancing global

competitiveness of Made-inNigeria products.

He noted that through global collaboration, standards bodies around the world have aligned their activities with the SDGs for peace, prosperity, and the welfare of people and the planet.

He said international standards offered practical solutions that must be identified with, to become

part of the solution since these constitute the backbone of global progress.

The SON boss said, “This 2024 celebration allows us to recognise the invaluable contributions made by stakeholders; National Technical Committee members; the conformity assessment community and other agencies dedicated to enhancing quality.”

Flutterwave Powers Smart Hotel Mgt Solutions for Nigerian Hospitality Industry

Sunday Okobi

Flutterwave has stated that it has powered the first-ever Hotel-on-PoS solution in the Nigerian hospitality industry.

In a landmark partnership that is set to alter the future of hotel management systems across Africa, the fintech giant, Flutterwave, noted that partnering 9jahotel.com

Limited to power a smart hotel management solution will significantly ease the pains of hotel owners and managers in Nigeria.

The smart hotel management solution called Roomstatus, is set to revolutionise both the cost and ease of managing hotels across Nigeria and Africa, it stated.

The partnership, the first of its type to directly benefit

the hospitality industry, will allow the award-winning hotel management solution of 9jahotel.com Limited to run very smoothly on smart POS terminals exclusively supplied by flutterwave.

According to the project Marketing Manager, Ms Hafsat Siyaka, “This technology partnership now enables each flutterwave smart POS to be

bundled with all the digital tools needed to run and manage all aspects of the hotel effortlessly and profitably from anywhere.

“The special POS terminals are already preloaded with the hotel management solution that seamlessly handles every core area of your hotel - from handling your guest reservations to managing the hotel’s bar, kitchen, laundry, housekeeping,

Fearless Wins Outstanding Energy Drink Award

Fearless Energy Drink, Nigeria’s leading energy drink brand from the stable of Rite Foods Limited, has clinched the coveted “Outstanding Energy Drink of the Year 2024” Award at the recent Marketing Edge Awards held at Sheraton

Balmoral, Lagos. Fearless Energy Drink with the Fearless Classic and Fearless Red Berry variants emerged as the winner in its category, after a thorough rating and evaluation of the highly saturated energy drink market, where the

brand made entrant in 2017 with the first-ever packaged polyethylene terephthalate (PET) bottle packaging that has been the standard for competitors.

Extolling the brand for the win, Mr. John Ajayi, the organiser, and publisher of

Marketing Edge Magazine affirmed that the Fearless Energy Drink brand has truly demonstrated its market leadership in all ramifications, surpassing its competitors through sponsorship of effective strategic initiatives. He stated

accounts and other critical departments.”

Siyaka said the app enables hotel owners and managers to set and change rates and prices at any time, compute staff payroll, and obtain all necessary financial reports to keep hotel owners and management abreast of business performance on a daily basis.

She said: “Hotel-on-PoS is an incredible innovation that frees

that the feat was also due to the brand’s distinctiveness, innovation, and the positive energy it offers.

While receiving the award, the Brand Manager of Fearless Energy Drink, Olaniyi Aderuku, expressed

hotel owners and management from the usual huge IT budgets and headaches. The solution allows the hotel to smartly serve guests at every turn, from efficient guest check-in process, to taking guest orders and receiving payments on the same PoS ensuring minimal time loss in serving guests, furthering service efficiency, curbing frauds and revenue losses.”

gratitude to Marketing Edge for the acknowledgment of the brand as the number one in its category, a position that has earned it numerous accolades and has also defined the market standard.

Nigerian Travellers Elated as Neos Begins Lagos-Milan Flight

Chinedu Eze

The long awaited flight between Nigeria and Italy has become a reality as Italian flag carrier, Neos Airline has announced commencement of direct flight service between Lagos and Milan end of October.

Milan is Italian business nerve centre, known for its awe-inspiring fashion industry; landmarks like Milan Cathedral, La Scala, and the Galleria Vittorio Emanuele II and refined and delicious cuisine, hence the choice of the city as destination from Lagos.

The airline will operate the route using a Boeing 787-800 before

deploying a wider body aircraft and it records higher load factor.

The airline which will commence operations once weekly for one month, will increase to three weekly flights afterwards, as designated by the Nigerian government.

Speaking at the event, the Managing Director of the Sky Master, Princewill Ogbonna, noted that the debut of the airline operation will further strengthen the relationship between Nigeria and Italy. Ogbonna explained that Neo airline is a private Italian airline, headquartered in Somma Lombardo, Lombardy.

The Minister of Foreign Affairs,

Yusuf Tuggar, Ambassador Italian Ambassador, the Ministry of Aviation and Aerospace Development expressed happiness for the resumption of direct flight between Italy and Nigeria.

The Minister who was represented by Alex Kefas, the Director of the European Affairs Division at the Ministry of Foreign Affairs, described the launch of the airline’s direct trip to Nigeria as an, “official re-launch of the Nigeria-Italy Airlinks. I would like to seize the opportunity and to use this occasion to congratulate the SkyMaster partnership and other stakeholders for concretising our long-awaited dreams.”

Ejikeme: Customer Experience Will Shape Future of Pension Industry

The Executive Secretary, Pension Transitional Arrangement Directorate (PTAD), Dr. Chioma Ejikeme, has said that quality customer experience was key to business sustainability in the pension industry.

Speaking during the directorates’ 2024 Customer Service Week in Abuja, she said the way pensioners are treated by pension custodians

will go a long way to determine job retention, and to a large extent, the survival of pension managers.

Represented by the Director, Civil Service Pension Department, PTAD, Mr. Kabir Yusuf, Ejikeme reaffirmed PTAD’s commitment to service delivery for pensioners, adding that the customer service week remained a key aspect of its operations.

She said, “We at PTAD prioritise pensioners’ welfare and are always

working to provide quality service by simplifying pensioners’ verification - those who cannot do it by themselves, anywhere across the country – from Abuja to Kaduna to Abia to Osun to Delta and all around.

“Also, there is a dedicated team that was mandated to go round to confirm the aliveness of those who cannot confirm their aliveness either because they are too old or those battling health issues.

Lagos Free Zone Showcases Opportunities at German-Nigeria Business Forum

Lagos Free Zone, the first privatelyowned free zone in Nigeria, is positioned to support German businesses with their growth journey in Nigeria and across the West African region.

The Chief Executive Officer, Lagos Free Zone, Mrs. Adesuwa Ladoja, disclosed this while

delivering her goodwill remarks at the 11th edition of the German Nigerian Business Forum (GNBF) titled, “Building Effective Partnership for Successful Business Development,” held in Lagos on Monday, October 7, 2024.

Ladoja stated that Lagos Free Zone provides a comprehensive

ecosystem for businesses to maximise opportunities with minimal risk. According to her, it remains the only free zone in Nigeria that is integrated with a deep sea port and equipped with world-class infrastructure and facilities that can help businesses thrive.

James Emejo in Anuja

HomeS & Design

LAPO Head Office Building Lights Up Maryland in Lagos

Victoria island Lagos has its own share of high-profile buildings of financial institutions, among others, but the Lapo Microfinance head office edifice in Maryland stands out. it is simply stunning. An architectural masterpiece. Bennett oghifo writes

The LAPO Microfinance Bank head office building is a marvel to behold. It is an all-glass building. Blue glass originally, but the colour changes to a light shade of blue or green, depending on where the sun hits it.

Coming from the local airports, at the Maryland intersection, turn left and see this rare edifice. It is a must-see piece of artwork

designed and built by some of the best architects and engineers in the construction business. It is a beautiful and nicely shaped building on a well-managed cornerpiece. The glass helps to bring natural light into the building, which improves energy efficiency, combined with the beauty and elegance of the space within the building.

With its versatility, durability, and eco-friendly properties, glass is an excellent choice for construction and architecture projects of all types.

Lift Above Poverty Organisation (LAPO) is a non-governmental community development organisation, according to the Chairwoman of LAPO Microfinance Bank, Mrs Osaretin Demuren.

She said it is a pro-poor organisation established in the late 1980s by Dr Godwin Ehigiamosoe. This building is the first to be owned by LAPO MfB in its 13 years of existence. It provides accommodation for the various units of the bank, as well as facilities that enhance staff welfare and productivity. These facilities include a well-equipped crèche for nursing mothers, a library, a gym and a learning centre.

Business Special

Unlocking Africa’s Potential in Global Carbon Market

Nigeria and its other sister african nations should tap into the emerging opportunities in the global carbon market by accelerating emissions trading, writes Peter uzoho

As the global shift towards clean energy accelerates, the carbon market has emerged as a vital mechanism for reducing emissions.

Beyond the Paris Agreement signed in 2016, which established a framework for international emissions trading, many countries such as Canada, Japan, New Zealand, and the United States have developed national and sub-national carbon markets, further expanding the reach of emissions trading.

These mechanisms not only help reduce greenhouse gases but also provide a scalable solution for mitigating climate change globally.

For instance, in June 2023, 16 companies from Saudi Arabia bought up to 2.2 million tonnes of carbon credits at an auction organised by the Regional Voluntary Carbon Market Company. Each carbon credit is measured in metric tons and the purchasing companies paid $6.27 per metric ton.

The credits were obtained from renewable energy and tree-planting projects in Kenya, Egypt, Rwanda, and South Africa. The credit is part of the strategic plan of the companies to offset their emissions to achieve net-zero emissions.

Nigerian Climate change expert, Adeoye Adekunle, noted that “Nigeria has multiple strategic advantages to aid local and international organisations in achieving their net-zero emission goals.”

He added: “This can be done through tree planting (carbon storage in the woody biomass and root), carbon sequestration by adopting climate-smart food production (including fodder production), clean energy generation and other means”.

In addition to environmental benefits, experts believe that emissions trading can serve as a significant economic driver.

For Africa, which has a relatively low carbon footprint, there exists an untapped opportunity to capitalise on carbon credits by selling emission allowances to higheremitting international companies.

However, Africa’s potential in this market remains largely underutilised, resulting in millions of dollars in unrealised revenue each year. The challenge for African nations, especially Nigeria, is

to harness this opportunity, attract investments in renewable energy, and assert their role in shaping global climate outcomes.

Emissions trading, often referred to as ‘cap and trade,’ is a system where a limit is placed on the quantity of pollution that companies are permitted to emit. These companies are issued tradable emissions allowances equivalent to the set limit and can choose to trade these allowances with other companies governed by the same system.

This market-based approach to controlling pollution has led to significant reductions in emission rates in many regions that adopt it.

With examples such as the European Union Emissions Trading System (EU ETS) and the California Capand-Trade Programme, the carbon market demonstrates its dual role: not only in reducing greenhouse gas emissions but also in generating revenue.

This revenue can be reinvested in green energy projects, energy efficiency improvements, and low-income community development, creating jobs and supporting economic growth while advancing environmental goals.

Nigeria and its other sister African countries are uniquely positioned to participate in the global carbon market in various ways. In the absence of a formal cap-and-trade system, companies can still generate emissions credits through initiatives that reduce emissions.

Under international agreements like the Kyoto Protocol and the Paris Agreement, carbon credits represent a specific amount of greenhouse gases removed from the atmosphere.

Through investments in clean energy projects, afforestation, and reforestation, Africa can generate credits to be sold in the international carbon market.

As of 2020, Africa contributed only 3.8 per cent of global greenhouse gas emissions, the smallest share.

This relatively low figure allows the continent to focus on generating credits rather than significantly

reducing its own emissions, which can attract foreign investment and increase revenue.

Unfortunately, Africa’s participation in the carbon market faces several key challenges that limit its ability to fully benefit from trading carbon credits. One significant obstacle is the lack of robust policy frameworks and regulatory mechanisms to support carbon trading at both national and regional levels.

Without clear legislation and enforcement, potential investors may hesitate to commit to clean energy or carbon sequestration projects.

Additionally, many African countries lack the technical expertise and institutional capacity to effectively measure, verify, and certify carbon credits—skills critical for participation in the global market.

Financing presents another barrier; many projects require substantial upfront investment, and without financial support or incentives, implementing large-scale initiatives becomes challenging. International cooperation, capacity building, and financial assistance from developed nations will be vital to overcoming these challenges and unlocking Africa’s potential in the global carbon market.

Equally, international cooperation and support are essential for Africa to address the challenges it faces in the carbon market. Developed nations can play a pivotal role by providing financial aid, capacity-building efforts, and technological investments to help African countries establish effective carbon trading systems.

Knowledge transfer is crucial. Therefore, enabling African nations to develop the technical expertise necessary for measuring, verifying, and certifying carbon credits is extremely important.

To this end, it is these barriers and potential solutions that will form some of the critical discourse at the Nigeria Energy Leadership Summit. The event organised by Informa Markets, serves as a vital platform for discussing Africa’s role

in the global carbon market.

Scheduled to start from tomorrow, October 15 to 17, this conference, with the themed, “Breaking Barriers in the New Energy Era: Clean, Reliable and Sustainable”, will bring together government officials, industry experts, and investors to explore potential solutions and strategies to address the continent’s unique challenges in carbon trading.

According to the Exhibition Director, Energy Portfolio, Middle East and Africa, Informa Markets, Mr. Ade Yesufu, “Nigeria and West Africa are at a pivotal moment in their energy journey, where the focus is not only on increasing access to energy but also on transitioning to cleaner, more sustainable power solutions.”

Yesufu said key topics at the session will include policy reform aimed at enhancing market access, creating incentives for investment in clean energy projects, and exploring regional collaborations to establish a unified African carbon trading platform.

By facilitating dialogue among stakeholders, the conference aims to generate actionable insights and foster partnerships that can propel Africa forward in its efforts to meaningfully participate in the global carbon market while achieving its sustainability goals.

Africa’s potential in the global carbon market is significant yet largely untapped, presenting a unique opportunity for the continent to enhance its role in the fight against climate change.

By implementing strategic policies, fostering investments in clean energy, and promoting international collaboration, African nations can unlock their vast resources and capabilities.

The organisers of the Nigeria Energy Conference believe the programme will be instrumental in this endeavour, serving as a crucial platform for dialogue and innovation.

Through collaborative efforts, Africa can not only increase its participation in the global carbon market but also position itself as a leader in sustainable energy practices, paving the way for economic growth and environmental sustainability for generations to come.

Chapel Hill Denham Advises Aradel on Listing by Introduction on NGX

Oluchi Chibuzor

Chapel Hill Denham has announced that it acted as financial adviser to Aradel Holdings Plc on its successful listing by introduction on the Nigerian Exchange (NGX). Aradel will today list 4,344,844,360 ordinary shares of 50 kobo each at N702.69 per share on the Main Board of the NGX.

Upon being listed, Aradel will immediately qualify to enter the NGX 30 Index and NGX Oil and Gas Index.

Speaking on the listing, Managing Director/Chief Executive Officer, Aradel, Adegbite Falade, commented: “Monday, October 14, 2024, will mark a historic milestone for Aradel as we list on the NGX, underscoring our

commitment to creating longterm value for our shareholders and deepening our contributions to Nigeria’s economic landscape. This listing is a testament to our resilience, adaptability, and our unwavering dedication to providing sustainable energy solutions that drive growth across our communities and industries.”

On his part, the Chief Executive Officer, Chapel Hill Denham, Bolaji Balogun, said: “We are pleased to have advised Aradel Holdings Plc on the largest ever listing by introduction on the NGX. This landmark listing reflects the strength of Aradel Holdings Plc and marks a significant milestone for Nigeria’s capital markets and we are grateful to Aradel for

entrusting us with this important mandate. We thank the SEC, NASD, CSCS and the NGX, and their leadership, for their collaborative partnership, which enabled us deliver results.”

Chapel Hill Denham has a simple and powerful model focused on investment banking and investment management.

The firm is Nigeria and Africa’s leading independent investment bank and Nigeria’s leading alternative asset manager, as well as impact investment firm.

Chapel Hill Denham’s business is focused on areas accretive to Nigeria and Africa’s economic development, namely Renewable Infrastructure, Real Estate, Digital and Financial Inclusion, Gender and SMEs, Healthcare, Education, Creative and Media.

FirstBank, JAN Celebrate Emerging Student Entrepreneurs

In a vibrant display of innovation and entrepreneurial spirit, FirstBank, in partnership with Junior Achievement Nigeria (JAN), concluded the 2024 National Company of the Year (NCOY) competition, producing a new cohort of young entrepreneurs.

Held in Lagos over the weekend, the event featured 12 schools from across Nigeria competing for top honors in the prestigious business contest.

This year’s competition marks the 25th anniversary of the partnership between FirstBank and JAN, a col-

laboration aimed at fostering entrepreneurship among secondary school students.

Since its inception in 1999, the program has undergone various phases, impacting over 1.5 million student entrepreneurs, a milestone proudly announced by FirstBank Managing Director, Olusegun Alebiosu, during the event.

Represented by General Counsel, First Bank, Raymond Mgbeokwere, he said: “This achievement reflects our commitment to equipping young Nigerians with the skills to navigate the world of business. The NCOY competition has become a vital part of that

effort, bridging the gap between classroom learning and realworld business operations.”

Alebiosu further highlighted that the competition aligns with FirstBank’s FutureFirst Initiative, a financial literacy and career counseling program established to promote financial inclusion among the youth.

“Over the last decade, our partnership with JAN has strategically driven sustainability practices through innovative programs like the NCOY competition. We are committed to nurturing the next generation of business leaders,” he added.

Eshilokun Promises Action to Enhance Safety on Nigeria’s Inland Waterways

The senator representing Lagos Central Senatorial District and Chairman of the Senate Committee on Marine Transport, Sanni Eshilokun, has expressed his condolences to the governments of Lagos and Niger following a tragic boat collision in the Lagos area that resulted in the loss of lives.

In a statement issued by his media office, Senator Eshilokun conveyed his deep sadness regarding the incident and underscored the critical need for more sustainable safety policies and strategies to protect the lives of Nigerians who rely on waterways for daily commutes.

Eshilokun pointed out the alarming frequency and severity of such accidents. He stressed that as more individuals

embrace water transport as a viable option for moving passengers and cargo, it becomes increasingly essential to enhance safety regulations within this sector.

To address these concerns, the Senator assured that his committee is actively working on a comprehensive review of the regulatory framework governing inland waterways transportation. He indicated that this effort will involve collaboration with key stakeholders, including the National Inland Waterways Authority (NIWA), the Federal Ministry of Marine and Blue Economy, and the Lagos State Waterways Authority (LASWA). Together, they aim to establish a robust and sustainable foundation for

water transport in Nigeria.

He emphasized that implementing a regulatory regime focused on safe navigation, vessel integrity, and passenger safety is vital to preventing further tragedies. While acknowledging that some incidents may be unavoidable due to unforeseen marine occurrences, he expressed optimism that the frequency of such accidents could be significantly reduced through improved safety measures and protocols.

This proactive approach underscores his commitment to safeguarding the lives of those who depend on water transport, and reflects a broader responsibility to enhance the overall safety and reliability of Nigeria’s inland waterways.

Sterling One Foundation Advocates for Gender Equality

Nume Ekeghe

Sterling One Foundation has reinforced its commitment to empowering young girls as part of the International Day of the Girl Child, highlighting this year’s theme, “Girls’ Vision for the Future.”

The Foundation in a statement emphasised the importance of enabling girls to realize their potential, particularly those in underserved communities, while urging for more decisive actions to break down barriers.

Gender equality and women’s empowerment form a key pillar of Sterling One Foundation’s strategic goals, aligning with the United Nations Sustainable Development Goals (SDGs).

The Foundation’s approach revolves around fostering economic empowerment, leadership training, and advocacy for women and girls. These initiatives aim to tackle the systemic obstacles that limit girls’ access to education and opportunities, paving the way for them to excel in sectors traditionally dominated by men, including technology and science.

Through its “STEM for Her” initiative, the Foundation has reached over 2,000 girls, primarily in rural areas, equipping them with essential skills in Science, Technology, Engineering, and Mathematics (STEM). This program not only fosters an interest in these fields but also focuses on global challenges like

MARKET INDICATORS

climate change by integrating mentorship and hands-on learning opportunities. The initiative is designed to inspire the next generation of female innovators and leaders.

Sterling One Foundation also prioritizes tackling genderbased violence (GBV), with over 3,000 beneficiaries reached so far. In collaboration with key partners like the United Nations Population Fund (UNFPA) and the British High Commission, the Foundation has rolled out awareness campaigns, advocated for stronger protective policies, and provided critical support to survivors. These partnerships aim to create safe environments for girls to pursue their aspirations.

The price of OPEC basket of twelve crudes stood at $87.33 a barrel on Monday, compared with $86.00 the previous Thursday, according to OPEC Secretariat calculations. The OPEC Reference Basket of

Crudes

following: Saharan Blend (Algeria), 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).

The senator representing Lagos Central Senatorial District and Chairman of Senate Committee on Marine Transport Sanni Eshilokun (middle), Minister of Marine Blue Economy, Adegboyega Oyetola with some members of the Committee during a session at the National Assembly….recently

Nume Ekeghe

SEC, NGX Group Lead Charge in Financial Education, Retail Investors’ Empowerment

Kayode Tokede

As part of the International Organization of Securities Commissions (IOSCO), World Investor Week, the Nigerian Exchange Group Plc (NGX Group), in collaboration with the Securities and Exchange Commission (SEC) and other market operators, organised a series of engaging events aimed at promoting financial literacy and empowering retail investors.

These activities highlighted

the growing importance of technology and sustainability in modern finance, aligning with the 2024 theme: “Technology, Digital Finance, and Sustainable Finance.”

The week kicked-off with a financial literacy seminar at PanAtlantic University, Lagos, hosted by NGX Group and the Financial Literacy Technical Committee of SEC. The event attracted hundreds of students eager to learn about the fundamentals of investing, setting the stage for a series of impactful engagements aimed at

equipping participants with the knowledge necessary to make informed financial decisions.

Following the seminar, the NGX Retail Investor Clinic provided practical insights into capital market strategies from industry experts. The week’s events culminated in the symbolic “Ring the Bell for Financial Literacy”, leveraging the NGX Closing Gong Ceremony to emphasize the ongoing efforts to educate and empower retail investors. Over 200 participants,

including representatives from institutions like the Nigerian Higher Education Foundation, the University of Lagos, and GFA Technologies, attended.

Director-General of SEC, Dr. Emomotimi Agama highlighted the importance of investor protection and regulatory oversight in fostering trust. “Our mission is to safeguard investor interests while promoting informed participation,” he emphasized.

The GMD/CEO of NGX Group, Temi Popoola speak-

ing on behalf of Alhaji Umaru Kwairanga, Group Chairman of NGX Group, stressed the Group’s leadership in using technology to drive sustainable finance and innovation. Jude Chiemeka, CEO of NGX, reiterated the importance of investor education, stating, “By equipping individuals with the right tools, we’re building a more secure and resilient investment ecosystem.”

Other notable contributions included remarks from Femi Shobanjo, CEO of NGX RegCo,

on the Exchange’s self-regulatory mandate, and Adedayo Hamzat, GMD of Zedcrest Group, who advocated for technology-driven portfolio diversification. Abimbola Babalola, Head of Trading and Products at NGX, shared insights on leveraging research and technology for smarter investing, while Dabota Ordor, Head of Retail and Digital Services at United Capital Securities, provided strategies for financial planning, budgeting, and risk management to mitigate market risks.

PRICES FOR SECURITIES TRADED ASOF OCTOBER 10/24

CHARTERED BUSINESS MANAGERS AWARDS AND GRADUATION...

Obasanjo: Nigeria Not A Basket Case, Has Everything Required for Greatness

Tinubu seeks prayers for nation's leaders

Onyebuchi Ezigbo in Abuja

Former President Olusegun

Obasanjo has said that God did not create Nigeria ‘a basket case’, stressing that Nigeria has everything it requires to become a great nation.

The former president stated this at a Special Church service by the Methodist Church to mark its 40 years in Abuja yesterday.

While speaking to journalists shortly after the Church Service, Obasanjo said: “God is God of peace, that is the first thing we

He said the situation of Nigeria was not irredeemable as God has provided enough resources and manpower for the country if only its people can change and get close to God.

have to understand and God of peace has created this world for peace, and if you go back to Genesis, everything that God created was good and what made it bad? Human greed, selfishness, lack of fear for God and lack of consideration for others.

“What do we now do to have peace? Is to be close to God. When you talk about men of God, they

should never stop being close to God and praying to God”, he said.

“I believe that God has not created Nigeria as a basket case, God has given us all that we need, what God has given us, we have messed it up. If we call the name of God and go humbly before God and we really show remorse and pray to God, He will heal our land.”

NITDA: We Have Designed Initiatives to Address Challenges in Deploying A1 Tech in Nigeria

The National Information Technology Development Agency (NITDA,) at the weekend said it has designed initiatives and policies to ensure Nigerians defeat likely challenges in the deployment of AI technologies in the country.

The agency said it has equipped the National Centre for Artificial Intelligence and Robotics (NCAIR) to achieve positive trends on the new technologies.

The Director General/Chief Executive Officer of NITDA, Mr. Kashifu Inuwa, stated this in Ilorin, the Kwara State capital, while speaking on the theme: "Leveraging Artificial Intelligence for Strategic Communication," at the unveiling of PRNigeria Ilorin centre office and its 2024 Young Communication Fellowship.

The event was organised by a media outfit, PRNigeria on the sideline of its 2024 Young Communication Fellowship

workshop on Public Relations Digital practice on the new emerging A1 technologies in the country.

He said: "The NITDA is now developing robust policies, to ensure the responsible deployment of AI technologies for the people of the country.

"And at NITDA, we believe in harnessing the power of AI to build a future that is not only innovative but also ethical and inclusive".

The DG added: "We have set forth these initiatives to foster digital literacy, AI training, and capacity building that ensure Nigeria has the human capital necessary to thrive in this AI-driven era.

"Our National Centre for Artificial Intelligence and Robotics (NCAIR) is created and dedicated to A1 research, innovation, and skills development.

"And this hub is meant to foster digital literacy, AI training, and capacity building that ensure Nigeria has the human capital necessary to

thrive in this AI-driven era."

Inuwa pointed out further that the rise of social media, digital platforms, and 24/7 news cycles have altered how information is shared and consumed.

Allaying fears entertained in certain quarters that the birth of AI would threaten many jobs, Inuwa said: "AI is now playing a critical role in managing this vast landscape.

"And, whether through automated content generation, data analytics, or chatbots for real-time customer interaction, AI enhances the efficiency and effectiveness of communication efforts."

He said that NITDA recognises the transformative potential of AI in redefining communications, engaging the public, and strategizing in an increasingly interconnected world.

His words: "AI is no longer a futuristic concept. It is here, and it is revolutionizing industries, especially the field of communication. In the

digital age, strategic communication has undergone a significant paradigm shift.

"For public relations professionals, AI offers tools to predict trends, understand audience sentiment, and tailor messages in ways that were previously unimaginable.

"Through Natural Language Processing (NLP), AI systems can analyze massive datasets, monitor media coverage, and even respond to crises in real-time.

"This gives communicators the agility needed to navigate today’s complex media environment."

Also speaking as the guest of honour at the event, the state governor and Chairman, Nigeria Governors’ Forum (NGF), Alhaji AbdulRahman AbdulRazaq, said it was high time for the media practitioners in the country to design skill development and networking opportunities so as to assist the country achieve robust communication framework.

Akume is Dependable, Tinubu Eulogizes SGF at Nephew's Wedding

George

President Bola Ahmed Tinubu on Saturday commended the Secretary to the Government of the Federation (SGF), Senator George Akume, for his exceptional contribution to the development of the country.

The president also assured the people of Benue State that he will continue to stand by Akume for serving him and Nigeria well.

The president stated this in Makurdi, at the Catholic Youth Center where he attended the solemnization of Holy Matrimony between the nephew to the SGF, Mr. Henry Akume and Mrs. Opeyemi Adepoju.

The president, represented at the occasion by Mallam Nuhu Ribadu, the National Security Adviser, in his address extolled the leadership qualities of the SGF acknowledging the quality of his contributions to his administration.

Adding that he is an accomplished Nigerian who has risen through the ranks of the civil service to politics where he served as governor for two terms, three terms as Senator, a Minister and now SGF. His words: "Sen. Akume is my friend, my colleague and my brother. Tell the world that we will not only stand by him but will continue to be with him".

Also, the Deputy Senate President,

Sen. Jibrin Barau, who represented the Senate President Godswill Akpabio, extolled the qualities of Sen. Akume as a selfless leader not only in Benue State but in North Central Nigeria and pledged their unalloyed support to his leadership.

He congratulated the couple on their wedding and beseeched God for a blissful union.

In his remarks, Sen. Akume thanked President Bola Ahmed Tinubu and all who came to celebrate with his family, promising he is committed to work with President Tinubu to better the lives of all Nigerians.

Later, at the wedding reception which held at City Bay Park, the

Minister of Steel Development, Hon. Shuaibu Audu, urged the couple to love one another and avoid third parties in their marriage.

He expressed confidence in the ability of their father, Sen. Akume, to provide proper guidance to enable the success of their wedding and expressed support to the SGF's leadership in the North Central Region.

Dignitaries present at the occasion included the Chief Judge of Benue State Justice Maurice Ikpambese, President Customary Court of Appeal, Justice Cosmos Idye, former Minister of Youth and Sports, Hon. Sunday Dare and Deputy Governor of Benue State, Sam Ode.

Also, President Bola Tinubu who was represented by the Minister of the Federal Capital Territory (FCT), Nyesom Wike said the challenges the country is facing today requires a united front, adding that the church can be a platform for social transformation where individuals come together to enact change, promote peace and uplift the people.

He charged the church to work hand-in-hand with the government to address the prevailing challenges in the country.

Tinubu further tasked the church to continue praying for the leaders of the country as their prayers are their source of strength and guidance.

“As we face multi-faceted challenges, the church must urgently continue playing its vital role. The government recognises the importance of collaborations

Emma Okonji

The Catholic Archbishop of the Metropolitan See of Lagos, Most Rev. Alfred Adewale Martins has described the youths of Nigeria as the nation's greatest asset.

Delivering his keynote address during the 17th Annual Lecture of Anthony Cardinal Okojie Foundation (ACOF) in Lagos, recently, the archbishop posited that since the youths are asset, their potential for nation building must be utilized through deliberate efforts by the federal government and all stakeholders, adding that the time to act is now.

According to him, the theme of this year's Annual Lecture titled: 'Harnessing Nigeria's Youthful Population as a Tool for Nation Building', was quite apt especially when we examine the current situation of events in our country.

He noted that harnessing Nigeria's youthful population as a tool for nation building would involve a range of actions which may include education and skills development, youth employment and economics, active political participation and social responsibility.

Among all these, Archbishop Martins remarked that the starting

with faith-based organisations in addressing these. Together we can mobilise resources, provide extension services and advocate for the voiceless.

“The church can also spearhead moral leadership and ethical governance. I urge you therefore to remain steadfast in your commitment to prayer not just for your communities but for our beloved Nigeria and its leaders. Your prayers are a source of strength and guidance as we navigate the complexities of governance,” he stated. In his sermon, the Prelate of Methodist Church in Nigeria, Most Reverend Oliver Abah charged Nigerians to remain calm and steadfast as the country will overcome its current challenges. Highlight of the occasion was when a former Military Head of State, Gen. Yakubu Gowon (rtd) was conferred with the Knight of John Wesley.

point towards nation building was education, the kind that encompasses skill acquisition for thriving in a global economy.

Speaking as the guest lecturer at the event, which took place in the event hall of The Catholic Church of Perpetual Help, Victoria Island, the Vice Chancellor, Pan Atlantic University, Lagos Prof. Enase Okonedo, stressed the urgent need to re-orientate Nigeria’s huge youth population for national development even as she contended that if properly educated, the youths can contribute bountifully in taking the country to greater heights.

The Vice Chancellor posited that if Nigerian leaders could deliberately apply huge resources in training the youths to acquire the right skills, provide an enabling environment for them to apply the skills, “chances are that, the country’s economic development would come sooner than expected.”

The university don who made an overview of the current state of Nigeria’s teeming youth population, noted that the country’s educational system has been a subject of criticism by most employers of labour as many secondary and tertiary school graduates do not have the right skills to provide the needed services.

L-R; Director, Business Development, Chartered Institute of Business Managers and Administrators (CIBMA), Dr. Ibrahim Simon; Awardee, Dr. Alfa Achile Collins; Special Guest of Honour, Dr. Izuka Okeke; Awardee, Dr. Ayanwole Bode Omolosho and Director, Research and Development CIBMA, Dr. Obinna Nweke, during the professional graduation and award of members by CIBMA in Abuja at the weekend PHOTO: ENOCK REUBEN

Okoh in Makurdi

Hammed Shittu in Ilorin

LAGOS AGRIC SCHOLARS QUIZ COMPETITION AND YOUNG FARMERS CLUB INDUCTION...

Red Cross, NCDC Intensify Efforts at Tackling Mpox Outbreak

94 cases so far recorded in Nigeria

Onyebuchi Ezigbo in Abuja

The Nigeria Centre for Disease Control and Prevention (NCDC) and Nigeria Red Cross Society have intensified its response to the ongoing mpox outbreak by mobilizing volunteers and resources

to support affected communities.

NCDC said that as at Friday, Nigeria has reported 94 confirmed cases from 25 states and the Federal Capital Territory (FCT), with Cross River state having the highest number of cases.

The President of the Nigeria Red

Over 60 Indigent Patients at National Hospital Receive Donation from Philanthropist

Onyejeocha Ezigbo in Abuja

Many patients at National Hospital in Abuja at the weekend received a surprise gift from a young philanthropist, Mrs. Juliet Rolbin, who voluntarily donated money for their treatment.

Some of these patients mostly undergoing treatment for lifethreatening conditions such as cancer, mental disorder, ectopic pregnancy as well as those in other forms of emergency situations got their bills paid by the young woman.

Rolbin was taken round the wards by staff of the Public Relations Department of the National Hospital to personally show her empathy to these indigent patients, some of who had completed treatment but could not be discharged due to their inability to offset their bills.

She paid discharge bills for some patients to be discharged and also made donations to five cancer patients who could not continue their treatment due to lack of funds.

The patient bills range from as much as N15,000 to N250, 000 each.

Rolbin also made cash donations to patients in different wards of the hospital including oncology ward where patients undergoing cancer treatment are kept, gynecology section and male medical wards.

She paid hospital bills for some patients who have been discharged but were still at the hospital because they couldn't afford to pay their bills

Among the patients were Janet Kudumi, aged 33 years and suffering from ovarian cancer and another woman who could disclose her name had ectopic

pregnancy complications.

One of the lucky patients, a mother, Mrs. Giteli Bose, said she and her newborn have been discharged for over a week in the gynecology ward but could not leave due to unpaid hospital bill.

Also, another male psychiatrist patient who has been discharged for over two weeks in the psychiatric department had his bill settled so that he could go home.

Father of a baby born with some complications and was being treated in the incubator, Steven Akila was full of joy at Mrs. Rolbin's donation saying it has brought them succour and will enable his wife to go home.

On her part, Elizabeth Kingsley who had run out funds for drugs said the donation will enable her to continue treatment for her ailment.

When asked on what motivated her gesture, Rolbin told journalists that she was driven by her compassion for the sick and indigent persons.

According to the young business woman, seeing people in very helpless situations was a source of worry and nightmare

"I have been doing this for the past seven years. I also go villages where there are humanitarian crises to assist the people," she said.

Speaking on behalf of the National Hospital Abuja, an Assistant Director, Maijama Adamu, thanked Mrs. Rolbin for the donation, saying it came in timely for many of the patients who could no longer afford treatment.

Adamu and the social welfare department of the hospital presented Mrs. Rolbin gifts from the hospital in appreciation of her gesture.

Cross Society, Prince Oluyemisi Adeaga, said during an interview with journalists at the opening of the mpox training of trainers in Abuja, that the society is employing various strategies in its efforts to combat the mpox outbreak.

The training of training trainers was organised by the Nigerian Red Cross and Norwegian Red Cross in collaboration with NCDC.

Adeaga also said: "Our volunteers are working tirelessly to educate the public on mpox prevention and control measures, and we are collaborating closely with public authorities and healthcare professionals to ensure a coordinated response."

"Volunteers have been deployed to vulnerable areas to conduct community outreach and sensitization programs, promote disease prevention, and provide essential supplies and equipment to healthcare facilities."

He said that Nigeria Red Cross Society has a significant presence in all local governments, with over

800,000 members across the country.

According to him, "The organization is leveraging its extensive network to rapidly respond to emerging health challenges."

"The Red Cross is collaborating with public authorities, healthcare professionals, and other stakeholders to bridge gaps in disease control and mitigation.

"Training programs are being conducted to equip volunteers with the necessary skills to address emerging health challenges."

On his part, the Country Manager for Norwegian Red Cross in Nigeria, Maurice Monson, explained that the organisation have been in Nigeria for quite some time focusing on community health and finance development, supporting the national society to play the auxiliary role to the government of Nigeria.

He also disclosed that one of the elements that Red Cross is strongly looking at is disease outbreaks, that is, supporting the national society to be prepared for effective response.

“So, for instance, we now have M-POX. Our role in this response is through the national society. With the national society, we will be able to reach out to the Nigerian CDC.

"We are also in touch with WHO. We are also in touch with the state primary health care development agencies., he said.

The NCDC Mpox Incident Manager, Odhnosen Ehiakhamen, said the Centre has swiftly escalated its Incident Management System and established a multi-sector, multidisciplinary coordination for the Monkeypox response, following the World Health Organization's (WHO) declaration.

He added: "We have held over 90 conferences across 35 states and the Federal Capital Territory to improve healthcare workers' capacity for prompt response.

"Our partnerships with the Red Cross, WHO African CDC, Breakthrough Action, and others support the response through the federal ministries of health, Greek, and environment."

Thailand Returnee Arrested

He also said the National Primary Health Care Development Agency collaborates with the NCDC on vaccination efforts, providing 10,000 visits, with plans to target high-risk states. His words: "Vaccination is expected to commence in select states within days. The agency is also working with the National Association of Dermatologists and the Infectious Disease Society to support case management.

"Community surveillance and health facilities play a vital role in identifying cases. To further enhance response capabilities, regional training will be conducted to complete training for remaining states, emphasizing community engagement and surveillance through the Red Cross.

"As of today, Nigeria has reported 94 confirmed cases from 25 states and the FCT, with Cross River state having the highest number of cases. A team has been deployed to support outbreak response in the state." As NDLEA intercepts N22.7b worth of opioids

Michael Olugbode in Abuja

Hidden in 6 Bags at Lagos Airport

Operatives of the National Drug Law Enforcement Agency (NDLEA) have arrested at the Murtala Muhammed International Airport, Lagos a Nigerian returnee from Thailand, Oguejiofor Nnaemeka, for importing 13.3 kilogrammes of heroin worth about N3.2 billion.

The NDLEA also at three seaports intercepted large consignments of opioids with a combined monetary value of over N22.7 billion.

A statement by the spokesman of the anti-narcotics agency, Femi Babafemi, on Sunday said Oguejiofor was arrested last Monday while attempting to smuggle out of the airport the illicit drug concealed in six backpacks and then packed into two big suitcases. He said the 29-year-old graduate of Mechanical Engineering from the Chukwuemeka Odumegwu Ojukwu University, Uli, Anambra State, had left Thailand on 3rd October on Qatar

Airways flight and stopped over in Doha where he spent two days before heading to Lagos while his luggage was routed to Accra, Ghana, his original destination.

He said after arriving Lagos on the 5th October, Oguejiofor contacted the airline to reroute his luggage to Nigeria so that he can pick them up as rush bags in a bit to beat security checks, but he was however intercepted by NDLEA officers at the point of exit; and during a search of his two suitcases, three empty backpacks in each box with a large parcel of heroin neatly sewn to all the six backpacks were discovered. The six parcels were subsequently recovered with a gross weight of 13.30kg.

Babafemi said Oguejiofor, in his statement, claimed he was hired for a fee of $7,000 upon successful delivery of the parcels. He said he was to deliver two parcels in Lagos and the other four parcels in Accra, Ghana.

In other clampdowns, Babafemi

said a total of 32,607,900 pills of tramadol worth about N12.6 billion and 1,451,994 bottles of codeine-based syrup with a street value of about N10.2 billion have been intercepted at the Lekki Deep Seaport, Apapa seaport in Lagos and Port Harcourt Port Complex, Onne, Rivers state.

He noted that the combined monetary value of the seized opioids comes to over N22.7 billion.

The NDLEA spokesman said the illicit consignments were seized from containers watch listed by the agency based on intelligence and processed for 100 percent joint examination with men of the Nigeria Customs and other security agencies at the three seaports between last Monday and Friday.

In the same vein, NDLEA operatives in Anambra on Saturday arrested a suspect, Okelue Chidera, 29, with 50,000 tablets of tramadol 200mg at Upper Iweka, Onitsha.

Also, in Edo State, operatives raided a cannabis transit and loading point at Aviose, Owan West Local

Government Area where 70 bags of the psychoactive substance weighing 1,050 kilogrammes were recovered, while a suspect Monday Akele, 38, was arrested last Friday in another raid at Owan Village, Ovia North East Local Government Area where 110 kilogrammes of same substance was seized.

Babafemi said with the same vigour, commands and formations of the agency across the country continued their War Against Drug Abuse (WADA) sensitization activities to schools, worship centres, work places and communities among others in the past week.

Meanwhile, the Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (rtd.) while lauding officers of the agency for a job well done, stated that the operational successes of officers across the country especially their balanced approach to drug supply reduction and drug demand reduction efforts are well appreciated.

L-R: Permanent Secretary, Ministry of Agriculture and Food Systems, Lagos State, Mr Emmanuel Audu; Commissioner, Agriculture and Food Systems, Lagos State, Abisola Olusanya; wife of the Lagos State Governor, Dr Ibijoke Sanwo-Olu; State Coordinator, Federal Ministry of Agriculture and Food Security, Lagos State Office, Mrs Omolara Abimbola-Oguntuyi; and Head of Service, Lagos State, Mr Olabode Agoro, during the Lagos Agric

Scholars Quiz Competition and Young Farmers Club Induction, in Lagos...Weekend

WALK SHOW TO MARK 2024 WORLD STANDARDS DAY...

L-R: Director, Public Relations, Standards Organisation of Nigeria (SON), Mrs. Bolaji Folusho; Director, Standards, SON, Engr. Bakare Yahaya; Director General, SON, Dr. Ifeanyi Chukwunoso; Chief of Staff to the DG, SON, Mr. Okafor Uchenna and Director Finance, National Council for Women Development (NCWD), Christy Sani Yakubu, during the Walk show to mark 2024 World

PINL: Two NSCDC Officers, 5 Others

Arrested for Illegal Oil Bunkering in Rivers

Seven persons including two officers of Nigerian Security and Civil Defense Corps (NCDSC) officers deployed to a logistics company at Eleme, Rivers State and some key staff of the company have been arrested for alleged involvement in illegal oil bunkering activities.

Dr. Patrick Onogwu, Senior Manager, Security and Government Pipeline Infrastructure Nigeria Ltd, who disclosed this yesterday, said PINL uncovered that the logistics company is being used as camouflage for illegal bunkering on the 28-inches Trans Niger Pipeline (TNP) along the Ebubu new road by Eleme. It was also learned that the NSCDC

officers who were arrested and are currently assisting a combined team of security agencies in their investigations, were allegedly conniving with the staff of the company to commit the crime.

While the NSCDC officers and security guard of the company were arrested between October 6 and 7, 2024, four persons, including the manager of the company, his assistant and two others were arrested on October 10 by officers from the NSCDC Rivers State Command.

Also arrested were two trailer trucks with capacity of 45,000 liters each and specially constructed for the operation and caught inside the company, Igor Logistics Services Ltd, loading crude from a valve less 200 meters away.

Onogwu who conducted journalists around the scene of the incident, said the arrest was made possible by surveillance personnel of PINL who gave credible intelligence about crude oil thieves operating along that axis.

Based on the information, he said closer security attention was paid to the area, which eventually led to the busting of the illegal operations going on in the company, saying "The company's primary business is the processing and export of precious stones, including quartz, iron and glass sand to China through the Onne port.

Onogwu said: "The oil thieves were capitalising on the proximity to the company of a valve on the TNP, which is less two hundred meters

away from the logistics company.

So, they tapped the valve and connected a hose which they pass through a hole on the company fence into the main compound to load the crude".

Onogwu explained that the closeness of the valve to the company made the operation of the crude oil thieves easy that they wouldn't need a pumping machine.

"They just connected a 9-inch hose from which they load their trucks usually concealed in front of the weighing bridge of the company.

“It is an operation that can only be detected by a careful monitoring by security agencies considering the busy activities of the company and the smart way the illegal bunkerers

Stakeholders’ Engagements: Group Applauds Presidential Amnesty Coordinator

Sylvester Idowu in Warri

South-South Reawakening Group (SSRG) has commended Presidential Amnesty Programme Coordinator, Dr. Dennis Otuaro, for engagements with stakeholders across the region in the quest to understand their needs, in terms of training and re-training of youths as well as empowerments of women and aged in various communities.

The group noted that besides creating an enabling environment for open feedback with the people, such engagements would also create an enabling environment for the people to be well informed on the activities of Amnesty program in the region and by so doing, bridge the gap

of distrust and acrimony that had existed between management and indigenes in recent past.

SSRG, in a statement issued in Warri over the weekend signed by its Convener, Joseph Ambakederimo, also Chairman Board of Trustees, Community Development Committees of Niger Delta Oil and Gas Producing Areas (CDC), called for sustainability of the stakeholders engagement, as a way of giving the people sense of belonging.

The statement read: “The Presidential Amnesty Program coordinator Dr. Dennis Otuaru’s continued engagement with stakeholders and people of the region is very well articulated and a forward looking strategy in problem solving.

“We applaud the continued transformative stakeholders’ engagements in the region, bringing the people to speed with happening in the Presidential Amnesty Programme is key, it strengthens cooperation and build trust.

“The meetings and engagements undertaken by the leadership of the hold great potential to build strong, long-term partnerships that will not only connect people of the region but drives sustainable growth across multiple strata.”

The group expressed delight that the leadership is purposeful, responsive, and people-serving and urged leaders at all strata of society and all sectors including the governors in the region to

reinvent themselves and lead with a servant leader mindset, and lead with selflessness and dignity in the mould of Dr. Dennis Otuaro.

The group stated: “The people’s livelihood, jobs and our national security are at stake if the Presidential Amnesty Programme is not sustained and improved funding is guaranteed.

“What we are advocating will cost money but some things are just too important to ignore, therefore making a case for better funding for purposes to expand the mandate of the programme will not cease.

“We will continue to make this case because the present leadership has shown undiluted capacity that needed to be encouraged and supported in all of its ramifications.

IPMAN Confirms NNPC's Refund of N15bn to Oil Marketers after DSS' Intervention

Emmanuel Addeh in Abuja

Oil marketers yesterday confirmed that the Nigerian National Petroleum Company Limited (NNPC) had started refunding the N15 billion owed its members by the national oil company.

Before the current developments in the downstream sector, the oil sector players under the Independent Petroleum Marketers Association of Nigeria (IPMAN), said that they had paid the money to the NNPC for supply of petrol.

However, members of the

association said that they were neither supplied nor reimbursed the funds, but that instead the NNPC was asking its members to augment the payment that was made months ago.

“It is unacceptable for the NNPC to ask us to add more money after withholding our payments for months without supplying the product,” Maigandi Shettima, head of the group had lamented during a television interview.

“Roughly, the amount we have paid is almost N15 billion. Our money has been with the NNPC

for nearly three months, and they have yet to provide the product we paid for. Now, they are asking us to pay the difference,” Shettima added.

But speaking on the issue in an interview yesterday, IPMAN spokesman, Chief Chinedu Ukadike, said that the NNPC had started refunding the monies to the marketers’ wallets with the oil company after the Department of State Service (DSS) brokered a peace deal.

“We went to a meeting with the Director of the DSS who intervened

in our matter,” Ukadike stated. According to him, another outcome of the meeting was that the regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) had agreed to issue the marketers licence to off-take from Dangote directly .

In addition, since Nigeria now operates a deregulated downstream market, the oil marketers, he said, have also been given the go-ahead to import petrol, given that the prospective firms have the required capacity.

managed to conceal their operations," he said.

He told journalists how the hoodlums were uncovered and arrested. His words: "Five days ago, we got intel that they loaded three trucks from this compound.

“The trucks they loaded use 40-feet containers; they build a tank right inside the container as a disguise. Once you see a container like that you think it's carrying normal products. And they use this customs seal to seal the truck then they transport it to Akwa-Ibom State.

"Now each time these trucks come out of this compound; you know there will be no suspicion. This is a normal logistics company; they deal on precious stone and all of that".

He added that the suspects ran out of luck that night when they came for another loading.

According to him, "They load like 4 times a week, so they brought in two trucks. Two 45,000 liters capacity trucks, Daff model, loaded the first one and were on the second one when the supervisor for Gbenisolo the second layer surveillance company for PINL, who was on patrol perceived the odour of crude and raised alarm.

"With that we quickly alerted our

Women

team from the Ogale camp, under the 29th Battalion, which responded. Led by one Captain Chibok, they came and upon arrival, they met two officers from the Rivers State command of the NSCDC.

"Those officers were the ones deployed to the company to guard it. In the process because the officers were involved in the crime they tried to cause some delays, which alerted the principal suspects inside who scaled the fence and escaped into the bush. The second NSCDC officer also tried to escape but was eventually caught when they were combining the bush. They have been transferred to NSCDC headquarters for further investigation".

It was also noticed that the company has been sealed with a combined team of the military and NSCDC stationed there while investigations continue.

Also, a joint venture JV inspection has been conducted on the valve and remedial work has also commenced on the line.

At press time, the Public Relations Officer of the NSCDC, Ayodeji Olufemi, was yet to confirm the arrest. When journalists contacted him, he said the matter has not got to his desk.

Entrepreneurship Summit to Witness over 10,000 Buyers, Sellers in Rivers

Blessing Ibunge in Port Harcourt

Over 10,000 buyers and sellers are expected to participate in the forthcoming Women Entrepreneurship (WE) Summit scheduled to hold in Port Harcourt, Rivers State capital, in the coming weeks.

This was revealed at a press briefing organised ahead of the Port Harcourt Fashion Experience Festival, expected to hold between October 26 and 27, 2024.

Speaking on the programme, on behalf of the organisers, Director of Communication, Oby Ivy- Fakae, said apart from the WE summit, other phases of the festival include exhibition, runway show and festival party.

She said the summit is for women doing business in Rivers State, stressing that, "It has an aspect to encourage women businesses. It has been found that most struggling businesses belong to women. They will get free booths to exhibit".

Ivy-Fakae who stated that about 500 women will participate at the

summit, said while the exhibition will be an attempt to showcase Port Harcourt to the world, the festival party will feature top musicians and celebrities, especially those from the South-South geopolitical zone. She said: “This is called Port Harcourt Fashion Experience Festival. It has phases; Exhibition, Runway show, WE Summit (Women Entrepreneurship), Festival Party, called After-party. Over 10,000 buyers, sellers and other participants are expected.

“Exhibition is open, WE Summit is for women only doing business in Rivers State. It has grant aspect to encourage women businesses. It has been found that most struggling businesses belong to women. They will get free booths to exhibit".

Noting that fashion is a big business outside oil and gas in boosting the gross domestic product (GDP), Ivy-Fakae said "Rivers State Government has endorsed the festival and even gave us the prestigious Obi Wali International Conference Centre on Ada George/ Air Port Road".

Blessing Ibunge in Port Harcourt

Standards Day in Abuja on Saturday PHOTO: ENOCK REUBEN

SIGNING CEREMONY FOR THE POWER PURCHASE AGREEMENT...

FG: We Will Adequately Fund NAF for Efficiency, Matawalle Tackles Amaechi

To take

delivery

of 34 air assets to strengthen air combat capabilities

jointly inspecting ongoing developments at the NAF 119 Composite Group (CG) provisional layout, with the governor of Sokoto State, Ahmed Aliyu, in Sokoto.

professionalism of NAF personnel, stating, “The Nigerian Air Force continues to play a critical role in safeguarding our nation.”

The federal government has pledged to ensure that the Nigerian Air Force (NAF) gets the necessary resources to maintain operational efficiency, especially in countering security threats in the North-west.

The air force, yesterday, revealed that the federal government had finalised arrangements for the acquisition of 24 M-346 Fighter Ground Attack (FGA) jets as well as additional 10 AW-109 Trekker helicopters to the two already procured to strengthen its air combat capabilities.

Minister of State for Defence, Bello Matawalle, made the disclosure while

A statement by Ministry of Defence said the minister reaffirmed government’s resolve to bolster NAF’s capacity as part of the strategic fight against insecurity in the region.

He also tackled former Minister of Transportation, Chibuike Amaechi, for allegedly inciting violence, warning him to desist from making inflammatory remarks that can threaten the peace and stability of the country.

Matawalle said government's commitment to bolster NAF’s capacity was part of its bold effort to enhance national security.

He praised the dedication and

In a separate statement, Matawalle accused Amaechi of inciting violence and unrest among the populace.

The minister stated, “It is both reckless and irresponsible for a former public servant of Amaechi’s standing to incite Nigerians against their own government. At a time when President Bola Ahmed Tinubu is working tirelessly to address the challenges facing the nation through various reforms that are yielding results.

“It is absurd, preposterous and shameful for anyone to exploit the genuine situation of our citizens for selfish political gain."

Matawalle reiterated Tinubu's commitment to safeguarding the peace and security of every Nigerian. He added, “We will not allow anyone to fuel violence or manipulate the prevailing situation of our people. Let this serve as a final warning to Amaechi and his cohorts.”

He cautioned Amaechi not to cast aspersions on government’s genuine intentions for the people, saying, “It is expected that Amaechi joins hand with the government to move the country forward, rather he chose to stay aside with myopic assertions.”

However, Aliyu commended the synergy between the federal and state governments in addressing security challenges, declaring, “Sokoto State stands firmly with the armed forces.”

Many Feared Dead, Houses, Police Station Burnt in Alleged Killing for Organ Harvesting

Adibe Emenyonu in Benin City

A midday carnage swept round Agenebode, the headquarters of Etsako East Local Government Area of Edo State, yesterday, as several persons were reportedly killed, houses burnt including a police station over unwholesome activities of criminal herders.

It was alleged that some suspected criminal herders had been kidnapping and killing people in the area for organ harvesting and sales under alleged police protection.

The incident, which led to yesterday’s carnage, according to a resident, was the case of a young man, who was said to have been

kidnapped some weeks ago and after ransom was paid, he was still not released.

It was gathered that the community youths were able to track the phone and the user was arrested and handed over to the police after the user was traced to the head of the Hausa/Fulani community in the area.

Apparently not satisfied with the way the police handled the matter, the youths of the community were said to have stormed the police station and took away the suspect, later led them to the house of the Hausa/Fulani leader where on prodding, he allegedly confessed that several kidnapped victims had

been killed and buried in shallow graves after parts of their bodies were harvested.

The infuriated youths dug out the decomposing body of the young man in the compound of the leader of the Hausa/Fulani, who had reportedly fled with his family and in the process of digging up the decomposing body, saw several bones believed to be that of human beings.

In anger, the youths were said to have burnt down the building and then the business centres of several other Hausa/Fulani youths killing some of them and then stormed the police station and set it ablaze.

One of the youths said, “Enough

is enough, this must stop. Police kill our children and still collect money from us. These kidnappers will kidnap our children, collect money and still kill them. They will collect N2.5 million, sometimes N3 million from us and still kill the victims.”

When contacted, the chairman of the Council, Mrs Benedicta Atoh, was said to be too shocked to talk as claimed by one of his aides.

The Assistant Inspector General of Police (AIG) Zone 5, Arungwa Udo and the Commissioner of Police in the State Nemi EdwinIwo, visited the place apparently to restore order and have an on-the-spot assessment.

Edo State Govt Writes Okpebholo, APC on Transition Team, Holds Inaugural Meeting

The Edo State Government has written to the Governor-elect, Senator Monday Okpebholo, and the All Progressives Congress (APC) party to initiate the formation of a transition team, expected to interface with the transition team of the outgoing administration.

In a letter dated October 10, 2024, Secretary to the State Government, Joseph Eboigbe, who hinted that an inaugural meeting would hold today,

establishing the team would allow both parties to begin meaningful discussions and share vital information that would ensure a seamless transfer of responsibilities and continuity of governance.

In July, the Edo State Governor, Mr. Godwin Obaseki, had inaugurated a 20-member transition committee chaired by Mr. Joseph Eboigbe, to pilot the smooth transition of power and knowledge to the next administration.

The letter read: "I hope this message

finds you in great spirits. As we prepare for the transition of power, we believe it is crucial to establish a smooth and effective collaboration between your team and our current administration.

"To facilitate this process, we invite you and your party, the All Progressives Congress (APC), to initiate the formation of your transition team at your earliest convenience.

"Establishing this team will allow us to begin meaningful discussions

and share vital information that will ensure a seamless transfer of responsibilities and continuity of governance."

The Secretary to the State Government noted further, "We are committed to providing you with the necessary support and resources to make this transition as effective and efficient as possible. Consequently, 14th October, 2024 is proposed for the inaugural meeting for members of both Transition Committees.

According to him, "We are committed to providing all necessary support to ensure peace and stability for our people."

He pledged continued cooperation to enhance security in the state and across the region, and commended Matawalle’s commitment to get the North-west out of its security dilemma.

The governor said Matawalle had shown resilience and bravery by penetrating what used to be a no-go-area and opening up areas that were deserted.

NAF to Take Delivery of 34 Air Assets to Strengthen Air Combat

The Nigerian Air Force (NAF) revealed that the federal government had finalised arrangements for the acquisition of 24 M-346 Fighter Ground Attack (FGA) jets as well as an addition

of 10 AW-109 Trekker helicopters to the two already procured by NAF to strengthen its air combat capabilities. A statement by Director, Public Relations and Information, Nigerian Air Force, Air Commodore Olusola Akinboyewa, said the acquisition arrangements were finalised during a meeting with Messrs Leonardo S.P.A, an Italian manufacturer. Akinboyewa stated that the Chief of Air Staff (CAS), Air Marshal Hasan Abubakar, led a team of NAF experts, along with officials from the Ministries of Defence and Finance, to participate in a Programme Management Review Meeting in Italy with Messrs Leonardo S.P.A.

"While in Italy, the CAS made a strategic stopover at the Leonardo Headquarters in Rome, where he engaged with top executives to consolidate a long-term partnership between the NAF and the company," the statement said.

Ohanaeze Alerts FG, Says Governors Are Arm-twisting Local Government Autonomy

Benjamin Nworie in Abakaliki

The apex Igbo socio-cultural organisation, Ohanaeze Ndigbo, has called on the federal government to impose stringent penalties on any governor abusing their position to browbeat or siphon funds allocated to local councils.

The body implored President Bola Ahmed Tinubu to take decisive action by withholding local government allocations from any state that persisted in these unlawful practices commencing from this month.

In a statement by the Secretary General of the organisation, Okechukwu Isiguzoro, the body revealed that governors had colluded to subvert every resource meant for the development of the local areas in the country.

"It is a tragic irony that these custodians of our collective governance are using their offices as instruments of oppression –effectively brutalising the 774 local government areas and sapping them of their financial independence and operational integrity.

"The recent judicial mandate by the Supreme Court, which unequivocally granted full administrative and financial

autonomy to local councils, is being flouted with impunity.

“Such conduct is a derision of the foundational tenets of our democratic framework, which relies on the co-equal functioning of the Executive, Legislative, and Judiciary branches of government.

"Ohanaeze Ndigbo cannot remain silent in the face of this monumental fraud being perpetrated through the brazen manipulation of the local government system.

“The imposition of puppet Chairmen, the controlling influence exerted via state-run electoral commissions, and the alarming emergence of legislation aimed at circumventing Supreme Court decisions are assaults that must be met with resolute resistance," it stated..

Citing recent actions of the Anambra State House of Assembly, which culminated in the passage of the "Anambra Local Government Administration Law 2024," Ohanaeze said it served as a glaring example of “legislative madness”.

According to it, “This law seeks not to empower local governance, but rather to entrench a system of coercion, compelling local governments to remit federal allocations to accounts beholden to state authorities."

Adibe Emenyonu in Benin City

Linus Aleke in Abuja, Onuminya Innocent in Sokoto and Linus Aleke in Abuja

L-R: Company Secretary/ Legal Director, Nigerian Breweries Plc, Uaboi Agbebaku; Senior Director, Supply Chain, AMEE, Heineken, Jan Paul Boon; Managing Director, NB Plc, Hans Essaadi; Chief Executive Officer, Konexa, Pradeep Pursnani and Director, Konexa, Joel Abrams during the signing ceremony for the power purchase agreement between Nigerian Breweries Plc and Konexa on Lagos and Ama Breweries at NB Plc corporate head office in Lagos...recently

INAUGURATION OF NEW SECONDARY SCHOOL...

Report: N'Assembly Gets Executive Bill Seeking to Raise VAT to 10% by Next Year

Emmanuel Addeh in Abuja

The National Assembly has received an executive bill and is already considering the document which is proposing an increase in the Value Added Tax (VAT) paid by Nigerians from 7.5 per cent to 10 per cent,

TheCable reported yesterday. According to the report, the executive bill is seeking to raise the tax rate to 10 per cent by 2025, while the tax will further increase to 12.5 per cent by 2026 through 2029, if it gets the approval of the lawmakers. Besides, the bill, according to the report, is proposing that by 2030, the payment by Nigerians for the tax, which is levied on consumption of goods and services will move to 15 per cent.

per cent; (b) 2026, 2027, 2028 and 2029 years of assessment 12.5 per cent (c) 2030 year of assessment and thereafter 15 per cent,” the document stated.

“VAT shall be charged on the value of all taxable supplies at the following rates (a) 2025 year of assessment 10

In addition, the bill proposes a reduction in the Corporate Income Tax (CIT) to 27.5 per cent by 2025 — down from 30 per cent — and

Abducted Journalists: Lagos SWAN Hails CDS, GOC 82 Division, IGP, Arise TV

Olawale Ajimotokan

The Chairman of Sports Writers Association of Nigeria (SWAN), Lagos chapter, Ambassador Olatutu Oladunni, and the executive committee have hailed the Chief of Defence Staff, General Christopher Gwabin Musa and the Nigerian military for their gallant role in the rescue of the sports journalists kidnapped last week on Ihiala-Orlu road, Anambra State, on the eve of Nigeria versus Libya AFCON qualifying match played in Uyo, Akwa Ibom State.

This was as the whereabouts of one of the journalists, Abdul Quadri Amao, was still unknown three days after the incident.

A statement by Oladunni, the Secretary, Lagos SWAN, Mr Omotunde Bello and Assistant Secretary, Lagos SWAN, Mr Taiwo Adelu, said the rapid rescue team was coordinated under the General Officer Commanding (GOC) 82

Division Enugu, headed by Major General H. P Dada.

They said Dada gave a swift rescue order for the overwhelming operations, which was spearheaded by Nigerian Army 302 Artillery Regiment (General Support) Onitsha, led by Brig. General U.A. Lawal and a joint significant support force from 34 Artillery Brigade Owerri.

The team, they claimed, supported the 302 Artillery Regiment (General Support) of over 50 army personnel in four armoured vehicles to rescue the journalists, who had been attacked by suspected IPOB members.

Incidentally, the oldest among the journalists, Mr Kola Omoniyi, who were on official assignment for Afro Sports, was hit by bullets from members of the IPOB and lost his life in the process.

Lagos SWAN said IPOB kidnapped the media crew while commuting on a bus and

made them pay ransom running into some millions, as well as dispossessed them of the money found in their possession while in the bush.

"However, luck ran out for the evil attackers when the military was able to track their location with their device and swung into action to rescue seven members of the crew after four of them had fled into the bush during the attack.

A police officer alongside the driver and the journalist had died through gunshots from the IPOB members. The military was able to rescue the journalists in the bush and also exhumed the body of the journalist (Kola Omoniyi) whom the IPOB members had earlier buried in a shallow grave amidst the attack," the statement said.

Lagos SWAN thanked the Army for providing an ambulance to convey those rescued as they were critically injured and handing them

over to the Army medical team.

The statement added that Oladunni had been in touch with the military, head of the operations and the NPF as they rescued the journalists to ensure that they were safe and returned safely to Lagos.

Two out of the four crew members who jumped into the bush before the security operatives arrived the scene, survived with the help of the military as they were able to track their location. They have since returned to Lagos.

The military forces also confirmed that one of the journalists, Abdul Quadri Amao, was still nowhere to be found as the operations team from the Artillery Regiment and 34 Artillery Brigade, disclosed that his location was about 500 radius away to their base and they had been in the lookout for him in the bush in the past two days, but he was yet to be found.

COAS Inaugurates 94-Bed Military Forward Operating Base in Kogi

Ibrahim Oyewale in Lokoja

The Chief of Army Staff, Taoreed Lagbaja, has inaugurated the Military 94-bed Forward Operating Base in Egbe, Yagba East Local Government Area of the State.

The Nigerian Army, however, has commended the Senator representing Kogi West, Senator Sunday Karimi for building and donating Forward Operating Base in Egbe. The Nigerian Army Forward

Operating Base, Egbe, Kogi State is a private initiative of Senator Karimi and his family built on behalf of Egbe Communities. Lagbaja, who gave the commendations, weekend, during the inauguration was represented by the General Officer Commanding 2 Division, Nigerian Army, Major General O.G Onubogu. He maintained that the project has direct bearing on everyone in the state, adding that, the Forward Operating Base was a testament

to the vision, dedication and collaborative efforts exhibited by the Kogi West Senator.

His words: "He has proven to be a man who is focused on ensuring security, and progress for his community. Let me express my heartfelt appreciation to Senator Karimi for his tenacity, and commitment in spearheading the construction and completion of this strategic facility.

"As Chief of Army Staff, I make bold to say that through this kind of partnership and shared vision.

Nigeria Army is reassured that members of the Civil Populace appreciate our efforts in curbing insecurity across the Nation.

"I'm assured that the construction of this new FOB is very timely which is in line with the operational and logistical challenges we faced when the recent rescue of kidnapped students of Confluence University of Science and Technology, (CUSTECH) who were rescued from the forest near Egbe town.”

a further cut to 25 per cent by 2026.

Companies with less than N20 million turnover are exempted from paying the CIT, according to the bill, the report stressed.

“Tax shall be levied, for each year of assessment in respect of total profits of every company, in the case of; (a) a small company, at zero percent; and (b) any other company, at the rate of-(i) 27.5 per cent in 2025 year of assessment, and(ii) 25 per cent from 2026 year of assessment,” the document added.

Notwithstanding any provision of the Act or any other enactment, where in any year of assessment, the effective tax rate of a company is less than 15 per cent, such company shall re-compute and pay an additional tax that makes its effective tax rate equal to 15 per cent, the document stated.

“The provisions of this section shall apply to (a) a company that

is a constituent entity of an MNE group; and (b) any other company with an aggregate turnover of N20,000,000,000.00 and above in the relevant year of assessment.

“The companies covered under this section and the determination of the additional tax payable shall be in accordance with regulations issued by the service.”

On June 4, Oyedele had said the presidential committee on fiscal policy and tax reforms proposed a reduction of the CIT by 5 per cent, explaining that the tax rate should drop from 30 per cent to 25 per cent to encourage businesses and investors.

The federal government has consistently raised concern over the performance of VAT in Nigeria, saying it is the lowest in the West African region and insisting that the country’s VAT rate is less than 1 per cent to the Gross Domestic Product (GDP).

Umahi, Dabiri-Erewa, Others Risk Arrest Warrants for Ignoring Senate Summons

Sunday Aborisade in Abuja

The Minister of Works, Dave Umahi; Chairman of the Nigerians in Diaspora Commission (NiDCOM), Hon Abike Dabiri-Erewa; the Head of Service of the Federation, and Mrs Didi Esther Walson-Jack, are among persons who risk arrest warrant for allegedly ignoring senate summons.

The Senate has asked its Committee on Ethics, Privileges and Public Petitions, to issue warrants of arrest on them and some other top government officials in the country, who shunned several invitations earlier extended to them.

Other public agencies whose chief executives also risk warrant of arrest are Union Homes Savings and Loans Plc; Enugu Electricity Distribution Company and Sally Best Properties Limited.

The Chairman of the Senate panel, Neda Imasuen, said the red chamber through a resolution, gave him the go-ahead to force the affected officials of the agencies to the National Assembly during plenary on Wednesday.

Imasuen, in a statement, said their flagrant disobedience to the committee’s invitations was slowing down the panel's activities.

The Labour Party chieftain, representing Edo South Senatorial District in the nation's parliament,

said the affected people had questions to answer based on on petitions against their agencies and firms.

Senate's resolution, followed Imasuen's complaint, made through a motion for the action anchored on order 42 of the Senate Standing Rules.

Imasuen in the motion, lamented that several invitations sent to heads of the affected agencies and firms to appear before his committee for explanations or defence on petitions by aggrieved Nigerians or corporate bodies, were ignored . He then requested the Senate to mandate his committee to issue warrant of arrest against the recalcitrant chief executives . Being a request made through personal explanation, the President of the Senate, Godswill Akpabio, granted him.

"You already have the power as provided for by section 89 of the 1999 constitution. Please use it by issuing warrant of arrest against any head of agencies refusing to appear before the public petition committee . "Appearances of the invited people before the committee are very important for justice and fairness on issues raised against them in the petitions before the Senate through the Public Petitions Committee,” Akpabio had said.

L-R Commissioner of Education, Science, Technology and Innovation, Engr Lawan Abba Wakilbe; Governor Babagana Umara Zulum; Deputy Speaker BOHA, Engr Abdullahi Musa Askira; and Commissioner of Transport and Energy, Aliyu Mohammed Bamanga, at the inauguration of new secondary school in Tum, Biu LGA, last Thursday

11TH GERMAN- NIGERIAN BUSINESS FORUM...

L-R:Country Managing Director, Zoomlion Nigeria, Habiba Nene Abubakar; Executive Director, Jospong Group of Companies, Haidar Said; CEO, FIMA Industries, Markus Maierhofer; and Head of Business Development FAUN, LuCas Doerr, at the signing ceremony for the Export Contract for the supply of waste treatment plants and waste collecting trucks, at the 11th German- Nigerian Business Forum In Lagos…recently

Recapitalisation: Shareholders Await GTCO, Other Banks’ Allotment

Kayode Tokede

Shareholders who invested in the just concluded public offers by five major banks are anxiously waiting for the allotment of the combined N1.27 trillion shares sold by the banks two months after conclusion of the exercise.

The banks are; Guaranty Trust Holding Company Plc (GTCO), Access Holdings Plc, Zenith Bank Plc, FCMB Group Plc and Fidelity Bank Plc.

For instance, GTCO completed its N400.5 billion public offer on August 12, 2024, but the shares are yet to be allotted two months after. Similarly, Access Holdings rights issue of N351.01 billion ended on August 23, 2024 after extending the offer by one week.

Access Holdings had concluded a Rights Issue of 17,772,612,811 ordinary shares of 50 kobo each at N19.75 per share on the basis of one (1) new ordinary share for every existing two (2) ordinary shares.

GTCO raised N400.5 billion via its offer for subscription of 9,000,000,000 ordinary shares of 50 kobo each at N44.50 per share.

GTCO in its prospectus to the offer said: “The final allocation split between retail investors and institutional investors will be determined upon completion of the capital verification exercise and the

approval of the basis of allotment. Investors shall be informed of the final allocation split and allotment through the publication of the allotment announcement.

“The CSCS accounts of successful applicants will be credited with the Dematerialised Offer Shares not later than five business days from the allotment date in accordance with the SEC Rule on the Dematerialisation of Share Certificates.”

On its part, Zenith Bank, had extended its public/ right issues for one week that ended September 23, 2024 and FCMB Group’s N110.9 billion public offer that ended September 4, 2024.

Fidelity Bank extended its N127.01 billion public offering and rights issue by two weeks. The bank applied and received the approval of Securities and Exchange Commission (SEC) to extend the closing date of the application and acceptance lists till August 12, 2024.

Fidelity Bank opened its public offer and Rights Issue on Thursday June 20. The bank was in the stock market to raise a total of up to N127.1billion by way of a Rights Issue to existing shareholders and a Public Offer (the Combined Offer).

Following the delay, some shareholders have questioned the prolonged allotment of shares, stressing that the adoption of

electronic, among other means of transactions should ease shares allotment.

Speaking on the matter, the National Coordinator Independent Shareholders Association Of Nigeria (ISAN), Mr. Moses Igbrude said: "There are many innovations involved in raising capital and then you know that it’s a Central Bank of Nigeria (CBN) induced policy and they were very specific on it.

“So, when the offer comes like this, the delay would be from CBN, because they would want to investigate or verify the source of the funds. So that’s what is responsible for the delay. “

He urged shareholders to exercise patient. He added that, CBN wants to avoid most of the issues relating to capitalisation in 2008 where banks gave loans to customers to buy their own shares.

“Those are the things they are trying to vet, so they can eliminate those shortcomings. So investors should know it’s not going to be a three months journey, as there’ll be thorough scrutiny before allotment,” he said.

Also commenting, Investment Banker & Stockbroker, Mr. Tajudeen Olayinka said, “Because of the capital verification it’s taking some time. We have even been receiving some kind of unusual requests from the lead issuing house.

of N1.27tn Shares

“I don’t think the delay is likely from the Securities and Exchange Commission (SEC). It is when they have done their capital verification that SEC can now approve. Everything is still with the CBN - that’s what I suspect.

“The allotment may take more time because of the introduction of capital verification. They did it in the past. What they normally do before was between two to three weeks, shareholders get their allocation, but now, they are investigating some investors.”

In the same vein, a Chartered Stockbroker, Mr. Charles Fakrogha stated: “I will always tell investors to remain patient, because this is not the first time we are doing this kind of fundraising.

"There are timelines for the whole exercise- the offer opening, it closes, all the backend work is ongoing and of course, the allotment approval, crediting investors that bought via their CSCS account and these things have their time.

“However, as at now, all those things are not being followed. So, I’d still just advise shareholders to be patient and of course they will get official communication from the regulators.

“For me, I believe the issuers are ready to follow the timelines, but there might be issues here and there. Just like you might say

Delta Lauds Egbema Leaders for Peaceful Disposition

Omon-Julius Onabu in Asaba

Acting Governor of Delta State, Monday Onyeme, has commended the leaders and people of Egbema-Ijaw in Warri North Local Government Area of the state for their peaceful approach to seeking redress over their exclusion gazetted oil and gas littoral communities in Niger Delta.

The gazette was based on a publication by the National Boundary Commission (NBC), Abuja, which reportedly carried out a catographic survey of the different communities in Delta State.

But Onyeme urged Nigerians to make patriotism their watchword to enable the country

to take its pride of place among the comity of nations.

Onyeme made the call on at the weekend in Asaba when members of the Egbema Leaders of Thoughts, Egbema Kingdom, Delta/Edo States, paid him a visit in his office.

He commended members of the Egbema leaders of thought for following due process in seeking the inclusion of their shallow and deep offshore communities as littoral communities in line with the Petroleum Industry Act (PIA).

"I want to thank you very much for your patience, hard work, and taking time because of the patriotic spirit in you to go to Abuja to defend what belong to your people," the

Communities

acting governor said.

He assured the delegation of Egbema leaders that government would act in accordance with its commitment to protect the interest of Deltans at all times.

He also harped on the need for Nigerians to always put the interest of the nation first before personal interest, noting that it would augur well for present and future Nigeria.

"If all Nigerians imbibe the spirit of being patriotic working not just for 'my own' but 'my people,' we will have a better State and a better Nigeria to live in and to leave behind for our children", he said.

Earlier in an address, Dr Joel Bisina, who led members of

Egbema leaders of thought on the visit, recalled the events that culminated in the exclusion.

"On the 18th March, 2024, National Boundary Commission, Abuja, made a publication of littoral communities in the various states in the 21st Schedule to the Federal Republic of Nigeria Official Gazette No. 48. Vol. III. Government Notice No. 8, in line with the provisions of PIA to the exclusion of Egbama oil and gas littoral communities," he said.

Bisina pointed out that the Egbama oil and gas littoral communities are host to oil companies and soght their inclusion in the communities in the littoral states during the review of the gazette.

you want to complete a particular project and then issues show up,” he added.

President, Progressive Shareholders Association of Nigeria (PSAN), Mr. Boniface Okezie said, “Once they get approval from SEC and CBN, they will allot through the CSCS account automatically.

“However, I don’t know why it’s taking them long to do so. We are in October, so for me, I’d say by the end of this month, they should be able to make a publication of allotment and category document, while stating if there are returns.

“However, the CBN has to do a thorough verification to ascertain where the monies come from, which shouldn’t take them more than a week because it’s online. Then go to SEC and get affirmation. Look at the papers given to them and see if there’s full compliance by the issuing houses.

“That’s why I said earlier that CBN and SEC must be proactive if they mean business. You don’t have to call the bank to the market to raise money and at the end of the day, the money will be sitting there and you deny them the essence of having those monies.”

Zwingina’s Funeral Activities Begin Wednesday

Emmanuel Addeh in Abuja

The body of Senator Jonathan Zwingina, who died 12 days ago at the age of 70, will be buried on October 22, in his hometown in Guyuk, Adamawa state after a funeral service

According to a statement signed on behalf of the Zwingina family and the funeral committee by former Senate President, Senator Ken Nnamani, and former information minister, Labaran Maku, the funeral rites will kick off in Abuja on Wednesday evening with a commendation service at First Baptist Church Garki.

This will be followed by a Night of Tributes on Thursday at Armed Forces Officers’ Mess, Asokoro. On October 21, there will be a Night of Commendations and Tributes in Yola.

In the statement, the burial committee paid tributes to Zwingina, stressing that he left an indelible mark.

“Senator Zwingina's contribution to Nigeria’s development spans across several sectors of our nation’s life: He was a Scholar, Technocrat, Public Servant and Politician of high repute. He left an indelible mark on our nation's history.

“He was a leading voice in the struggle for democracy and was the Director General of the late MKO Abiola’s Hope ‘93 Campaign Organisation during the iconic June 12, 1993,presidential election. His

intellectual depth, eloquence and unwavering commitment to democratic ideals resonated deeply with Nigerians.

“Following the return to democratic rule, Zwingina was elected twice to represent the good people of the Southern Senatorial District of Adamawa state. While in the Senate of the Federal Republic of Nigeria, from 1999 to 2007, he served as the Senate Deputy Majority Leader of the 4th Assembly.

“Due to his multivalent experience in public service, he was appointed as the Chairman Senate Committee on Works and Housing. He also served as member Senate Committees on Information; “Establishment; Internal Affairs; Special Projects; Privatization and Economic Affairs.

“In the Senate he was a vocal advocate of due process, promoter of national development priorities with particular emphasis on policy, good governance, the oversight role of the parliament In government accountability to the people, among others,” the statement added.

Prior to his time in the National Assembly , Zwingina, it pointed out, played a pivotal role in shaping national discourse as a Director of the Mass Mobilisation for Social Justice Self-Reliance, and Economic Recovery (MAMSER) programme during President Ibrahim Babangida's military administration.

SUPPORTING THE GIRL CHILD…

L-R: President, Rotary Club Jabi Lakeside, Abuja, Mr. Amobi Ogum; Member Rotary Club Jabi Lakeside, Mrs. Pat Enity; District Governor, D9127 Rotary International, Mr. Mike Nwanoshiri, and Chief of Kuchigoro Community, Ibrahim Wambi, during a programme in commemoration of the International Day of Girl Child in Abuja...recently KINGSLEY ADEBOYE

NSCDC Officers, Five Others Arrested for Illegal Oil Bunkering in Rivers

Blessing Ibunge inPortHarcourt

Seven persons including two officers of Nigerian Security and Civil Defence Corps (NCDSC), officers deployed to a logistics company at Eleme, Rivers State and some key staff of the company have been arrested for alleged involvement in illegal oil bunkering activities.

Senior Manager, Security and

Gbenga Sodeinde in ado ekiti

Ekiti State Governor, Mr. Biodun Oyebanji, last Saturday brought joy to the faces of retirees by distributing gratuity cheques to the tune of N3.5 billion to them on a day they were marking this year’s edition of the Pensioners’ Day.

At the ceremony which was marked at the Great Eagle Hall in Ado Ekiti, over 500 pensioners benefitted from the latest tranche of payment with N2.3 billion gratuity paid to state pensioners while local government pensioners got N1.2 billion gratuity.

Government Pipeline Infrastructure Nigeria Ltd (PINL), Dr Patrick Onogwu, who disclosed this yesterday, said company uncovered that the logistics company is being used as camouflage for illegal bunkering on the 28-inches Trans Niger Pipeline (TNP) along the Ebubu new road by Eleme.

It was also learned that the NSCDC officers who were

With the payment of gratuity to the latest batch of pensioners, Governor Oyebanji’s commitment to defraying of outstanding gratuity has seen the backlog cleared to March 2015 up from payment up to 2012 he met on assumption of office in October 2022.

The gesture drew a deafening applause from the appreciative pensioners inside the hall who prayed for the governor and expressed their readiness to keep him in office with their votes at the next governorship election describing him as a “pensioners-friendly governor and elders-friendly governor.”

Kano PDP Votes Kwankwaso’s ExCommissioner as New Chairman

The Kano State chapter of the Peoples Democratic Party (PDP) has elected the former state Commissioner for Agriculture during the administration of Governor Rabiu Kwankwaso, Alhaji Yusuf Ado Kibiya, as the new state chairman of the party.

The party National Chairman, Electoral Panel of the Congress, Halilu Abubakar, who was sent by the national headquarters of the party, announced the election result yesterday in Kano.

NOA

He said Ado Kibiya secured a landslide victory of 3,964 votes to defeat his major challenger, Nura Nuhu, who scored 244 votes.

According to him, “This congress was a rancor-free and by the grace of God Nigerians would come en mass in 2027 to vote out the APC out of office due bad governance.”

Shortly after the announcement, Abdul Fatah Muhammad administered the oath of office to the 39 newly elected state party leaders at both state and the local levels.

Sensitises Bauchi Residents on National Values Charter

The National Orientation Agency (NOA) has launched a sensitisation campaign on the National Anthem and National Values Charter in Bauchi State, emphasising that the unveiled standardised version of the re-adopted National Anthem ‘Nigeria We Hail Thee’, is beyond a mere song but a symbol of Nigeria’s collective identity and aspirations.

At a press conference held at Federal Secretariat in Bauchi at the weekend, the Director -General of the agency, Mallam Lanre Issa-

Onilu, harped on the importance of the new National Anthem, value orientation and attitudinal change among Nigerians. The DG also stressed that the anthem’s correct lyrics as approved by President Bola Ahmed Tinubu are crucial in maintaining Nigeria’s integrity and ensures it continues to inspire patriotism and national pride. He said the sensitisation is in fulfillment of President Bola Ahmed Tinubu’s declaration that the agency must avail Nigerians how to build the country through sensitisation and re -orientation campaigns.

arrested and are currently assisting a combined security agencies in their investigations, were allegedly conniving with the staff of the company to commit the crime.

While the NSCDC officers and security guard of the company were

arrested between October 6 and 7, 2024, four persons, including the manager of the company, his assistant and two others were arrested on October 10 by officers from the NSCDC Rivers State Command.

Also arrested were two trailer trucks with capacity of 45,000 liters each and specially constructed for the operation and caught inside the company, Igor Logistics Services Ltd, loading crude from a valve less 200 meters away.

Onogwu, who conducted journalists around the scene of the incident, the arrest was made possible by surveillance personnel of PINL who gave credible intelligence about crude oil thieves operating along that axis.

Don Expresses Concern over Effects of Cultism, Rape, Exam Malpractices in Nation’s Institutions

A professor of Education in the University of Ilorin, Onimisi Eku Abdullahi, at the weekend expressed concern over the debilitating effects in the menace of cultism, kidnapping, rape, and examination malpractices in the nation’s higher institutions.

Peter Uzoho

As Nigeria continues losing the opportunity to attract the needed foreign direct investmentS (FDIs) into the oil and gas industry, the immediate past Chief Executive Officer of the Nigeria Liquefied Natural Gas Limited (NLNG),

Abdullahi said that the development has hindered academic excellence of the students.

The university teacher stated this in Ilorin, the Kwara State capital, while delivering his 266th inaugural lecture of the institution with the theme: ‘A Psychological Perspective on the Systemic Inconsistencies in the Nigerian Educational System’.

Mr. Tony Attah, has called on the federal government to halt further delay in concluding the pending asset divestment transactions among some international oil companies (IOCs) and independent oil firms.

He also advised President

He said: “Our institutions of learning where high value of training of the youths could have been a pride have been rooted in cultism, kidnapping, rape, examination malpractices, drug abuse and disorientation.

“Hence, our cultural ethos are fast being overtaken by disillusionment as if humanity has left Nigeria.”

The educationist added that:

“The indigenous value orientation of hard work, honesty, community investigation, love and fear for the unseen have given way to value of money, comfort, dishonesty, corruption, undesirable value, violence, greed and loss in human value of being African.

Bola Tinubu to be more bullish in adjusting ministerial portfolios to focus on full integration of the oil, gas and power portfolios under one minister to be called the Minister of Energy Attah made the submissions in a paper he delivered in Lagos at the 80th Birthday Dinner of a former Petroleum Minister, Chief Don Etiebet, which was organised by the Petroleum Club.

The title of the paper, which was made available to THISDAY, was “The Future of Gas, Nigerian Economy and The Global Energy Transition.”

Abia LG Poll: Lawmaker Predicts Impressive Outing for LP Despite Internal Crisis

Emmanuel Ugwu-Nwogo in Umuahia

Despite the internal leadership wrangling rocking the Labour Party(LP), the party members are still upbeat that the ruling party in Abia State would carry the day in the forthcoming local

government election in the state.

In the run up to the LG poll scheduled for November 2, 2024, the LP leadership crisis at the national level has equally snowballed to Abia State, the only state controlled by the party.

But a member of the Abia State House of Assembly, Hon

Nwoke Kalu Mba, has brushed aside any negative impact of the battle for the soul of LP, saying that as far as the state is concerned the party remains in full control. He told journalists in Umuahia that LP was fully prepared for the grass-roots election, maintaining that there was no doubt the ruling party would come out tops in all the 17 LGAs of Abia State. Hon Nwoke, who represents Ohafia South state constituency in the legislature, said that LP was riding on the back of Governor Alex Otti, who has posted a sterling performance in less than two years of his administration.

Otuaro Seeks Partnership of NCTC on Niger Delta Peace Process

The Presidential Amnesty Programme (PAP) has sought the partnership of the National Counter Terrorism Centre (NCTC) on the sustainable peace and security initiatives for the stability of the Niger Delta region and indeed Nigeria.

Speaking during a courtesy visit to the National Coordinator

Yinka Kolawole in osogbo

A non-governmental organisation (NGO), The Kayode Michael Arimoro Foundation, has called for a peaceful selection of the new Owa Obokun of Ijesha Land in Osun State.

of the NCTC, Major General Adamu Laka, in Abuja, the PAP Administrator, Dr Dennis Otuaro, said the partnership of the centre would help deepen the programme’s ongoing peace and security process in the region.

Otuaro, in a press release issued by his Special Assistant on Media, Mr Igoniko Oduma, yesterday

said his administration would be delighted to collaborate with the NCTC, which is also under the Office of the National Security Adviser (ONSA), to make the region safer.

He noted that a peaceful Niger Delta would guarantee increase in Nigeria’s oil output and improve the economic well-being of the country in line with President Bola Tinubu’s Renewed Hope Agenda. Otuaro said: “We want to work with you. This visit is aimed at seeking support and partnership with the NCTC under the ONSA structure to make the Niger Delta a very safe place, and to continue to see that oil production increases for the benefit of the country.

The Kayode Michael Arimoro Foundation’s whose core calling is providing support to widows, girl child education, and Child education generally, with the belief that all humans must live above a globally acceptable sustainable Human Existence Index.

In a statement issued and made available to THISDAY by the Director of

Communication, Dipo Oluyemi also Commiserated with the Founder, Prince Kayode Michael Adewale Arimoro and all the people of Ijesha Land over the recent demise of Owa Obokun, Adekunle Aromolaran, the revered leader and custodian of tradition in Ijesha Land.

According to him, “Our Foundation has meticulously followed the way the late Owa Obokun has profoundly impacted Ijesha Land. As we proudly reflect on his legacy, we honour his exemplary service, dedication, and unparalleled commitment to the peace and unity of everyone across the globe. “

Indomie Heroes Awards: 3 Young Nigerians Recognised for Courageous Acts

After a six-month nationwide search for courageous and remarkable children, Mary Timbee, Khalifa Aminu, and Kundushima Kwana emerged winners in the 16th edition of the Indomie Heroes Awards (IHA) at a grand finale ceremony organised by Dufil Prima Foods, makers of Indomie Instant Noodles

yesterday in Lagos.

The winners announced by the judges were chosen after meeting the criteria outlined in the call for entries, which recognised them along three categories: Physical bravery, Social bravery, and the Intellectual bravery, all by children aged 15 years and below.

According to a statement, the selection process of this year’s winners, left a lasting impression on the judges who were greatly moved by the stories of these children who had against all odds showed grit, intelligence, compassion, and creativity as they noted that their remarkable achievements served as evidence to the potential and resilience of the Nigerian child.

“The winner of the Social Bravery category, Mary Timbee, a courageous young girl, was honoured for her exceptional bravery in escaping a forced child marriage.”

Ahmad Sorondinki in Kano

Hammed ShittuinIlorin

Segun Awofadeji in bauchi

RIVERS OF CRISES

as citizens increasingly lose confidence in the capacity of police to be an impartial law enforcement institution. The general perception is that Nigerian police is an active participant in the crisis.

The effect of this crisis is not limited to Rivers State alone. It also has broader implications for the national government, particularly the legislative and executive arms. Many Nigerians are now questioning the federal government's ability to intervene and restore order in the State. The People's Democratic Party (PDP), Nigeria's main opposition party, also feels the strain. Because all the key actors profess to belong to the party, the party's inability to resolve the political turmoil in Rivers is further damaging its public image. Already viewed by many as an ineffective opposition, the PDP risks losing even more public trust as the crisis drags on. A 2023 public opinion poll showed that only 34% of Nigerians had confidence in the PDP, compared to 42% in 2021. The internal divisions within the party, exacerbated by the conflict in Rivers, threaten to fracture it further, potentially weakening Nigeria's democratic process.

At the core of the Rivers State crisis is a fierce power struggle for control over the State's vast resources and a vague unknown entity called " political structure". Unfortunately, rather than focusing on the development of the State and the welfare of its people, political actors in Rivers are more concerned with personal gain. The fierce competition for political dominance has led to violence, instability, and the neglect of the State's economic potential. Despite being one

of Nigeria's resource-endowed states, Rivers remains underdeveloped, with inadequate infrastructure and high unemployment. In 2023, the unemployment rate in the State was estimated to be 33%, reflecting the failure of successive governments in the last ten years to translate its natural resources into tangible benefits for its citizens.

Several factors have exacerbated the crisis, including personal ego clashes between political actors, a sense of imperial entitlement among the elite, and the combative nature of political discourse in the State. Political figures in Rivers often engage in inflammatory rhetoric with little regard for diplomacy or civil discourse, which does not represent the average Rivers man who is decent and polished. This toxic communication has only deepened the divisions, making resolution more difficult. However, there are potential solutions to this crisis. Dialogue, compromise, citizens' action and focusing on the common good can help bridge the political divide. It's essential for all stakeholders to unite against the crisis, setting aside personal ambitions for the greater good. None of the actors should assume the role of Emperor-inChief of Rivers State. It would only lead to self-destruct.

Rivers' current political crisis bears a troubling resemblance to the events in Western Nigeria during the early 1960s. Known as the "Wild Wild West" era, that period of political instability, violence, and lawlessness culminated in Nigeria's first military coup in 1966. The crisis in Western Nigeria showed how unchecked political

impunity and violence could threaten the very fabric of democracy. Many fear a similar outcome could occur in Rivers if the political actors involved do not change course. The failure to learn from history may turn Rivers State into a ticking time bomb, threatening the country's democratic future.

Democracy thrives on institutions that remain impartial and strong, but developments in Rivers State threaten critical guardrails like security agencies and the judiciary. Security forces, particularly the police, have been accused of aligning with political factions, eroding public trust and escalating violence. Former President Goodluck Jonathan has voiced concern that the conflicting judgments issued by the judiciary on political matters are eroding confidence in the justice system. The Chief Justice of Nigeria and the National Judicial Council must step in and save the judiciary from self-destruction arising from the Rivers' crises.

Governor Siminialayi Fubara has a duty to steer Rivers towards stability. Having been elected to govern, he is responsible for driving the development of the State and should be allowed to provide leadership. His failure to discharge that responsibility of leadership will stain his legacy. Former Governor Nyesom Wike, now the Federal Capital Territory (FCT) Minister, must focus on his new role and allow the current governor to handle Rivers' challenges.

As history has shown, violence is not a solution to democratic issues. The burning of Local Government Area secretariats

GOVERNANCE REIMAGINED: MAPPING THE FUTURE 1

basic amenities including electricity, pipeborne water and good roads. Our people want a community where the institutions of state are effective and responsive; they want the emergency services to respond as soon as they are contacted, without hindrances or excuses, they want to go to the courts and get justice in good time, they want to go to bed each night with both eyes closed, certain that they will not be jolted awake by masked gunmen, or find themselves in the middle of nowhere, surrounded by kidnappers for whom the sacredness of human life is an abstract idea that can only be scorned. For our young ones, all that they ask is an opportunity to make a living and pursue their dreams without structural limitations. It is unfortunate that many of us are yet to fully appreciate the haemorrhage of human talent from our country fuelled by the ‘japa’ phenomenon but the situation has assumed an alarming proportion. As someone who has worked with hundreds of very smart young people in different capacities, it breaks my heart to see that so many of them have been forced by circumstances to take their talents and values to other places. We may not like what is happening but unfortunately, not much has been done to convince the younger generation of Nigerians that there would be light at the end of what has been a very long, dark tunnel. Our best brains in health sciences, software engineering, and finance could have stayed back to serve their fatherland if we had put our acts together.

Commendations and appreciations are in order to the brave and courageous ones who have resisted the temptation to leave. Thank you for your patriotic services, that is if you are not waiting for an opportunity to leave! At any rate, it is depressing to observe that the opportunities we took for granted at the conclusion of our tertiary education in the 1970s and 1980s have disappeared for the majority, however brilliant they may be. So, we have clearly regressed. It may not be very pleasing to our ears but the truth is that all of us, in one way or the other, have contributed to this sorry state of affairs. For many of us who had the advantage of quality education in public schools, the idea of training our own children in private schools, or perhaps overseas for those who can afford the cost, tells a pathetic story of its failure. There is no mild way of saying it because we refused to pay attention to what was unfolding before us. What is happening today is that we are simply paying for our failure to

read the signs and do what was needed to resist the destruction of the structures and institutions that helped us to fulfil our dreams forty, fifty years ago. We must now become very desperate to undo whatever it was that dimmed the hopes and dreams of an entire generation. The theme of this Conference, Governance Reimagined: Mapping the Future, is very apt for a time like this because it invites us to reflect on where we are and then imagine where we could be if we made a few but very important foundational changes. As we had said on several platforms, getting out of the present quagmire requires a new paradigm because just like Albert Einstein said, “We cannot solve our problems with the same level of thinking we used when we created them.” The assignment before us is to evolve new ways of tackling the

and other violent acts break the rule of law. Such actions damage the State's reputation, set her development in reverse gear, and undermine the very foundations of democracy. Political actors must recognise that self-help and violence are counterproductive in resolving democratic challenges. The Inspector General of Police has to live above board and act in the spirit and letter of the law to protect lives and properties.

Political leaders involved in the Rivers crisis must urgently exercise restraint and responsibility. The people of Rivers deserve a break from the constant chaos and conflict that has plagued their State. Rivers' people who bear the brunt of this crisis must rise to the occasion, foster discussions, express dissatisfaction with irresponsible politicians and demand good conduct.

As a stakeholder in Rivers' politics and her development, speaking out is my moral duty. Silence is no longer an option in the face of such widespread destruction and lawlessness.

I refrained from commenting on the crisis for nearly a year, hoping that reason would prevail. However, it has become clear that without solid voices defending democratic values, the state risks descending further into instability. Intellectuals and other thought leaders must step forward to provide reasoned discourse and help guide the State through these turbulent times. Rivers risks sliding into anarchy without these voices, and Nigeria's fragile democracy could be at risk.

right thing? How can a young accounting professional be the champion of the new paradigm that can turn things around for a country of about 220 million citizens? What new paradigm are we even talking about? Why is clarity of essence in this conversation? Simple: The days of empty jargons are long gone because we can no longer mask our failures with words that have no meaning to the ordinary person. It will therefore serve us well to understand what we seek to achieve, and what is expected of us as individuals and as a collective.

existential problems that confront us because we shall be doomed if we remain aloof and imagine that we shall be spared when the ship ultimately wrecks. The unfortunate truth is that there may be no life boats to jump into.

We are often not as powerless as we imagine especially in a democracy where the king has the same voting right as a commoner. The reality of the time invites us to gird our loins and get to work. The first step to progress is to believe that Nigeria is not beyond redemption and that we have within us, all that is required to fix it. It is also important to appreciate that there is very little we can do about the past but if we start doing the right thing today, we can remap the future as the theme of this Conference invites us to. The natural question to follow is: what is the

One, the right thing speaks to our obligations and duties as citizens. Thankfully, we learnt so much about citizenship even as pupils in primary school. The time to make the most of that knowledge might just be now. As accountants, I am certain that almost everyone in this room pays their taxes and other statutory fees to the government regularly so we may not have much of a problem in that area. How about being effective in our responsibilities as leaders, discharging our duties faithfully and to everyone, without ill-will or affection? How often and quickly do we contact the law enforcement agents when we are confronted with inordinate requests or presented with evidence of fraudulent transactions in the course of our duties? Do we see the wrong things and then choose the convenience of inaction? Do we seek to be part of the wrong thing for financial or other benefits? Do we still keep faith with our civic obligation of joining the process of electing leaders who will serve the best interest of the people or are we often too busy that we concede our rights to participate in the electoral process to persons who are easily manipulated — individuals who are only motivated by chants and lures of ethnicity and religious posturing? How many of us are active in the political circuit or do we only consider ourselves as ‘core professionals’ who have no business being in politics? Well, the evidence of the last 25 years of democratic practice has shown that politics should be everyone’s business because its outcome impacts everyone. Like Charles de Gaulle once said, “politics is too serious a matter to be left to the politicians.”

•These are excerpts from the Lead Presentation by Dr. Alex Otti, OFR, the Executive Governor of Abia State at the 54th Annual Conference of the Institute of Chartered Accountants of Nigeria on Tuesday October 8, 2024, at Abuja.

Tinubu

Libyans Hold Super Eagles Hostage for Four Hours at Airport

Flight diverted to another city 250km from venue of reverse fixture on Tuesday

Duro Ikhazuagbe

AFCON 2025 QUALIFIER

Libyan authorities have fulfilled their threat to subject the Super Eagles and the Nigerian delegation to inhuman treatment ahead of tomorrow’s AFCON 2025 qualifier reverse fixture in Benina. Acting on the misinformation passed on to Libyans by Captain of the Mediterranean Knights, Faisal

Al-Badri, that the team was transferred from Port Harcourt to Uyo in a rickety, non-air-conditioned bus after being subjected to delays, the plane flying the Nigerian delegation to Benghazi was yesterday diverted to another city two hour road drive from the planned destination.

According to the Media Officer of the Super Eagles, Promise Efoghe,

“about an hour to landing, the Nigerian aircraft approaching its destination, Benghazi, was diverted to another city more than two hour road drive from the original destination.”

That was not all. The players and their officials were held hostage inside the arrival hall of the Al Abaq Airport in Al Abaq for four hours without allowing them to leave airport.

Police and aviation security personnel were seen in a video recording of the rowdy scene at

the airport posted by a member of the Nigerian delegation on the Super Eagles official WhatsApp group last night.

Earlier yesterday, a Libyan news medium, LibyaNewsToday, published a report of how the Nigerian delegation would be subjected to hell ahead of the AFCON 2025 qualifier reverse fixture based on the misinformation.

Super Eagles flew out of Nigeria to Benghazi, Libya, with a stopover in Kano for Tuesday’s 2025 AFCON

qualifying reverse tie. The chartered flight was earlier approved to land in Benghazi before the Libyans changed their minds, diverting the plane instead to Al Abaq. What the Libyans have done was equivalent to flying into Tripoli which is same two hours stressful road trip to Benina, venue of the match on Tuesday. As at press time, there was no official reaction from the NFF.

Remo Stars yesterday regained the leadership of the NPFL after they dumped Nasarawa United 3-0 and previous leaders Rivers United were held at Katsina United.

They now have 15 points from six matches, a point ahead of closest rivals Rivers United, who remain unbeaten after a goalless draw at Katsina United.

Second-half goals by Sikiru Alimi, Stanley Joseph and Sodiq Ismail were enough for Remo Stars to outscore Nasarawa United 3-0 in Ikenne.

Akwa United turned back Kano Pillars 2-0, Niger Tornadoes salvaged a 1-1 home draw at the death with Lobi Stars under new coach, Daniel Amokachi, while there were home wins for Abia Warriors and Bayelsa United.

The late kick-off game between hosts Shooting Stars and Enyimba ended goalless.

RESULTS

England avoided fresh embarrassment after their Greek tragedy as Trent Alexander-Arnold's superb free-kick inspired a 3-1 win against Finland in the Nations League on Sunday.

Four days after Greece earned their first ever win over England at Wembley, Lee Carsley's side were again far from convincing for long periods in Helsinki.

But they mustered just enough quality in the final third to spare their interim manager more misery.

Jack Grealish's composed finish put England ahead in the first half, but Finland wasted several chances before Alexander-Arnold and Declan Rice sealed the win in the second half.

Although Finland's Arttu

Hoskonen netted in the closing stages, England's third victory in four games since Carsley replaced Gareth Southgate kept them in contention for promotion from Nations League Group B2.

However, in the 'land of a thousand lakes', it was far from plain sailing for Carsley, who is in the spotlight as the Football Association ponder who should succeed Southgate on a permanent basis.

After winning his first two games against Ireland and Finland in September, Carsley's tactical gamble – changing his formation to play with five attacking midfielders and no recognised striker – backfired badly in the Greece defeat and raised doubts about his suitability for the role.

in S’final

It is a battle of two former champions in one of the semifinal games of the 2024 Zenith Bank/ NBBF Women’s Basketball League with nine-time winners, First Bank, facing off against Nigeria Customs at the Indoor Sports Hall of the National Stadium, Surulere, Lagos today. First Bank returned to the Final 8 after losing out of the last edition and they have been on fire since the start of the tournament, winning all their Group B Games to finish top of the group while setting up a semifinal duel against Customs who after losing against defending champion, MFM of Lagos, had to settle for second position.

In the first semifinal of the day, defending champion, MFM will be up against the surprise team of the 2024 edition of the league,

Royal Aces, who would be looking forward to creating an upset against the Olukoya girls. The winners of the two semifinals will face each other on Tuesday for the coveted title while the losers would be engaging themselves in the third place game same day. Meanwhile, the sponsors of the league, Zenith Bank Plc, has re-affirmed its commitment to invest in women basketball as the corporate outfit look forward to the final four.

According to the Group Managing Director/Chief Executive of the organisation, Adaora Umeoji, it has been a worthy investment and looking at the performances of the teams during this year’s event, which clearly shows that women basketball has come to stay.

BOWFT: Edo Queens, Nasarawa Amazons, Bayelsa Queens, Heartland Queens

Adibe Emenyonu in Benin City

The 2024 Betsy Obaseki Women Football Tournament (BOWFT), has entered its advance stage with the final four teams battling for the two slots in the final.

This morning at 10:00am, the Moses Aduku managed Edo Queens will host Nasarawa Amazons in one of the semi final matches at the University of Benin Sports Complex. In the second semi final at the same time at the Western Boys High School Mini stadium, former champions, Bayelsa Queens and Heartland Queens of Owerri will also battle for the other ticket to the final.

In the quarter final match, Edo Queens prolific winger, Chioma Moses scored twice against Abia Angels, while Emem Essien and Folashade Ijamilusi made it 4-0 for the WAFU-B

Okpekpe

Organisers of the historic, gold label Okpekpe International 10km Road Race have congratulated Daniel Simiu Ebenyo on his successful marathon debut. Ebenyo, the 2023 Okpekpe race champion and record holder, ran 2:06.04 to finish fifth in his first ever race over the 42.195km at the Chicago Marathon on Sunday.

Okpekpe Race Director, Zak Amodu, congratulated the 29-year-old for his successful transition to a full marathon runner.

“Daniel has shown, once again, that he is one of the best distance runners in the world. A lot of athletes have either failed to make any inspiring mark or failed to finish on their marathon debut, but Daniel did not just finish,

Champions to reach the semifinals.

Bayelsa Queens' victory over Benin-based Fortress Ladies was delayed till the second half after a strong challenge by Fortress but eventually succumbed 2-0 for the ladies from Yenagoa to advance.

Heartland Queens on the other hand, pipped Espoir FC of Benin Republic 1-0 to book their semifinal berth.

In the case of Nasarawa Amazons, the ladies from the Middle Belt came from behind to beat Remo Ladies 2-1 in the game that started on Saturday afternoon but was forced to be put on hold as a result of the heavy rain that fell on Saturday afternoon at the University of Benin Sports Complex.

Match officials had to postpone the game after 72 minutes of play due to the heavy downpour with scores at 1-1.

Sports

The Lagos State Sports Commission has launched its pilot edition of the "Lagos Active Challenge" which was activated across five different locations.

The pilot edition was designed to encourage physical active lifestyle of the inhabitants of the state and acknowledged the significance of routine exercise in order to propagate a healthy society.

"Lagos active exercise" was held across five different locations compris-

ing of Mobolaji Johnson Sports Centre, Rowe Park; Adekunle; Ifako-Ijaiye; Isolo; and Obanikoro.

Speaking on the pilot edition, the Director General, Lagos State Sports Commission, Lekan Fatodu, reiterated the effort of Governor Babajide SanwoOlu's administration concern about the continue promotion of productive endeavours which had been driven by active citizens.

He said the esseence of the "Lagos Active Challenge" is to leverage on the growing number of people who are aware of importance of exercises in maintaining an active lifestyle. Fatodu stated that engaging in healthy lifestyle will help to enhance productivity and also support capabilities and abilities towards achieving goals and endeavours.

but he ran a world-class time by any standard. We are really proud of him,” said Amodu in a statement.

Ebenyo ran a course record 28 minutes, 28 seconds to win the men's title at the ninth Okpekpe international 10km road race in 2023 and went on to finish among the medalists at the World Athletics Championships in Budapest, Hungary and the World Road Running Championships in Riga, Latvia later that year.

Amodu is confident Ebenyo will win his first marathon major very soon after his debut in Chicago.

Ebenyo is the second Okpekpe road race champion to make a successful transition to the full marathon after Ethiopia's Leul Gebresilase who won

the 10km race in 2017 and placed second at the Standard Chartered Dubai marathon the following year. Last year, Gebreselassie was third in the marathon event at the World Athletics Championships in Budapest.

“We are always interested in the progress of athletes who competed at our event. The Okpekpe race has launched some of them to international stardom, and we are confident many more will follow the path created by Ebenyo and Gebreselassie,” added Amodu.

The Okpekpe road race is the first road running event in Nigeria to have its race course measured by a World Athletics accredited course measurer.

"By engaging in aerobics we are actually reducing the cost of health and taking away significance population from hospital. As a government we acknowledged the importance of physical exercises, its impact on socio-economic, advancement and development of the state", Fatodu said. Abraham Abiodun who participated at the Lagos Active Challenge at Obanikoro said it is not his first time of engaging in exercises, adding that he can even do a road jug from National Stadium to Maryland. Abiodun also lauded the initiave while thanking Sanwo-Olu for promoting

Super Eagles players and officials were subjected to four hours delay on arrival in Libya... yesterday

The remaining minutes of the game were concluded on Sunday morning at the same venue with the Amazons progressing to the semifinals after a 2-1 victory over Remo Ladies

ZENITH BANK LEAGUE FINAL

MISSILE

Peter Obi to President Tinubu

“Thisisneitherhowaneconomy'sresourcesshouldbemanagednorhowanationshould begoverned...thereisneithersoundeconomicsnornecessarycompassion.Withthe unprecedentedbutavoidablehardshipthatNigeriansareenduring,...reversingthesudden pricehike(fuel)fallssquarelyontheMinisterofPetroleumResources/Presidentofthe FederalRepublicofNigeria"-LPPresidentialCandidateinthe2023generalelections,Peter Obi,urgesPresidentTinubutoreversethepetrolpricehikeinflictingpains on Nigerians.

DAKUKU PETERSIDE

BENEATH THE SURFACE

TRivers of Crises

he ongoing economic crisis has reached every corner of the nation, touching the rich and poor, urban and rural dwellers alike. With inflation rates climbing to about 33% as of August 2024, living costs have risen dramatically. Food prices alone have skyrocketed by more than 30%, placing a significant strain on household incomes. Families that were once able to get by are now struggling to afford necessities like food, fuel, and healthcare.

This is not a crisis we can afford to ignore.

Many Nigerians feel their government, both at the local and State levels, works against them rather than for them. Government institutions, law enforcement agencies, and tax offices are often seen as riddled with inefficiency and bribery. This makes navigating daily life even more difficult for average citizens, who must contend with constant bureaucratic hurdles. It's the average citizen who bears the brunt of these systemic flaws. Amid these crises, Nigeria's democracy itself is under threat. Citizens' faith in democracy is fast eroding. When the

economic, governance, and security systems fail, the public's ability to participate in governance and enjoy basic rights promised by democracy is severely hampered. Nowhere is this more apparent than in Rivers State, a region whose political crisis has become a significant threat to

Nigerian democracy.

Despite several attempts to stabilise the situation, the crisis deepens, creating nationwide concern. Due to its oil resources and geographical location, Rivers State, one of Nigeria's most strategic states, has become a focal point for political conflict. The State's political turmoil has far-reaching consequences for Nigeria's democratic health, as instability in one of the nation's most economically significant states sends shockwaves through the broader political landscape.

Efforts by political leaders and mediators to resolve the crisis in Rivers have so far proven unsuccessful. Tensions in the State are continuously high, making it a potential battleground for violence. This situation has become so concerning that democracy advocates across Nigeria worry about the ripple effects this crisis could have nationwide. If left unresolved, the unrest in Rivers may undermine the very foundation of Nigeria's democracy, leading to a potential outbreak of violence.

One of the key reasons this crisis poses such a grave threat is its impact on democratic institutions. The judiciary, police, and security agencies, which are

meant to uphold the rule of law and protect citizens, were intensely scrutinised during the Rivers crisis. In particular, the judiciary has been accused of being politically influenced, leading to a loss of public trust in its impartiality. In Rivers, conflicting court rulings have further eroded confidence in the justice system. This manipulation of legal outcomes raises severe concerns about the future of democracy in the State and, by extension, the nation.

Similarly, the media's role in shaping public perception and its potential impact on the crisis cannot be overlooked. The media, often accused of bias and sensationalism, can escalate or de-escalate the crisis through its coverage. Its influence on public opinion can either fuel or dampen the flames of political discord. This perception undermines the credibility of these institutions, making them seem like tools of political elites rather than defenders of public safety.

The perceived compromised stance of the Nigerian police on the Rivers crisis has increased the potential for violence,

Continued on page 46

Governance Reimagined: Mapping the Future 1

Nigeria has changed dramatically in the last few decades. Unfortunately, it is not for the better. Strange events and ugly developments that were hitherto unimaginable in this part of the world a few years ago have become our daily reality. Going through regular national news reports and commentaries, one finds it difficult to accept that this is still the same country we grew up in — with so much hope and expectations. A little while ago, many would have laughed off the idea of openly raising money through social media channels to pay ransom to kidnappers. When in the past we read reports of suicide bomb attacks and similar acts of terror in places like the Middle East and Afghanistan, did we not convince ourselves that such occurrences were impossible here? Today we know better. On the economic front, things have changed even more dramatically. Neighbours whose compatriots once flooded the streets of our urban centres in search of jobs and

means of survival now mock us openly, deride our currency and make jest of us on social media platforms. Who could have thought this possible in the 1970s or even 2000s? Shall we talk about the alarming poverty and unemployment rates, the unmitigated collapse of public education, loss of faith in public institutions and all the other socio-economic problems that have forced many bright minds to pack their bags and move elsewhere (the ‘japa’ syndrome) because for them, there is just no other way to make it. How about millions of families for whom the bare necessities of life have become articles of luxury? It gets more alarming when one realises that majority of the families and individuals who would now think twice before buying a regular loaf of bread were until a few years ago, comfortable middle-income earners.

We were once a nation of optimists who held very strong hopes that we were on the ascent on the development ladder. It would have been very difficult to believe that we will still be struggling

with electricity problems in 2024. The assurance was that by the dawn of the new millennium, the problem of perennial power failure would be a thing of the past. The truth, and we must never be ashamed to admit it, is that we have failed to live up to the expectations of millions of people around the world who had imagined in the 1950s and early 1960s that this land will attain superpower status, or something very close, by the dawn of the new millennium. A lot has gone wrong in the last 64 years of our political independence but the least profitable way to use our time at this auspicious gathering is to devote any part of it to blame trading. We know of course that for many politicians and many public commentators, our worst setback was the incursion of the military in national politics. The military on their part had often cited “patriotic zeal” and failure of the “political class” for their unsolicited interventions. For the masses, however, there is no distinction between

the military rulers and the political elites; both are simply lumped together as “leaders” and blamed for the seemingly unending woes of the country. These “leaders” include bureaucrats in the civil service, university administrators, judicial officers, community leaders and everyone else who exercises some form of authority in different jurisdictions. In a continuing cycle of blames, the “leaders” often point to the “system” for its failure and this is always supported by claims of coming to power with “very good intentions.” Unfortunately, there is no clarity on the “system” construct and how to interrogate its involvement in our national woes. The truth is that the people are tired of the regurgitation of excuses by those with access to public microphones. They just want things to work — their children going to schools where they are taught in a conducive environment by properly trained and motivated teachers; they want access to

Continued on page 46

Fubara