FRIDAY 18TH OCTOBER 2024

In Sweden, Shettima Woos Investors to Nigeria's Growing Business Climate

Gluwa to invest $100m, others commit to multi-million dollar tech hubs, MSMEs, agriculture

World Bank to FG: Conduct Audit to Reconcile What NNPC Owes Federation

Global bank seeks improved reporting of oil revenues to FAAC Says reforms challenging but crucial for nation’s long-term stability 12m more Nigerians may slip into poverty, bank projects Edun: PMS now fully deregulated after 40 years Bala Mohammed: Economic reforms not working, Nigerians may lynch us

Ndubuisi Francis, Emmanuel Addeh in Abuja and Nume Ekeghe in Lagos

The World Bank yesterday urged the federal government to carry out an audit to reconcile what the Nigerian National Petroleum Company Limited (NNPC) is owing the Federation as part of overall measures to sustain and deepen the current economic reforms. It also called for improved reporting of oil revenues to the Federation Account Allocation Committee ((FAAC) as well as the maintenance of a market-reflective price on Premium Motor Spirit (PMS). These were contained in the latest Nigeria Development Update (NDU) report, which was launched by the World Bank in Abuja. In the report titled: “Staying the Course: Progress Amid Pressing

Governor of Lagos State, Mr. Babajide Sanwo-Olu (left); Deputy Leader, Afenifere, Oba Dipo Olaitan (second left); former Secretary-General of Commonwealth, Chief Emeka Anyaoku (third left); former Governor of Ogun State, Otunba Olusegun Osoba (Fourth left); Rtd. Commodore Ebitu Ukiwe (fourth right) and family of the deceased during the service of songs for late President-General of Ohanaeze N'digbo Worldwide, Chief Emmanuel Iwuanyanwu at the Eko Hotel and Suites, Victoria Island on Wednesday

L-R: The Deputy Governor (Economic Policy), Central Bank of Nigeria (CBN), Mr. Muhammad Sani Abdullahi; CBN Governor, Mr. Olayemi Cardoso; the Chairman/Chief Executive Officer of JPMorgan Chase & Co., James Dimon; and the Deputy Governor (Operations), CBN, Ms. Emem Usoro, when Mr. Dimon led a team from JPMorgan Chase & Co on a strategic visit to the head office of the CBN, in Abuja, on Wednesday

Deji Elumoye in Abuja Several investors from Sweden, yesterday,

Dangote’s Wealth Doubles to $28bn on New 650,000 bpd Oil Refinery

Emmanuel Addeh in Abuja Africa’s richest person, billionaire Aliko Dangote, has doubled his wealth on the back of his long-awaited 650,000 barrels per day oil refinery in Lagos, Bloomberg reported yesterday.

The Dangote Refinery outside Lagos is the biggest single-train oil refinery in the world and one of the most complex, capable of processing most global crude types.

It has the potential to transform Nigeria’s economy by making the country self-reliant for fuel. And it’s more than doubled his net worth to $27.8 billion, according to the Bloomberg Billionaires Index, the report stated.

“I didn’t know what we were building was a monster,” Dangote,

Challenges,” the bank also urged the federal government to ensure that the gains from the removal of PMS subsidy were flowing to the Federation as well as reform the Value Added Tax (VAT) regime and rationalise tax expenditures.

The bank equally urged the federal government to ensure that all FX-related transactions occur at the market determined exchange rate, cut wasteful expenditures that are not essential, including purchase of vehicles, and external training, among others.

At the NDU launch, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun also confirmed that PMS is now fully deregulated after 40 years of a tumultuous subsidy regime.

Also, the Governor of Bauchi State, Senator Bala Mohammed lamented that the economic reforms introduced by the federal removal which led to the removal of subsidy on PMS and the floating of the exchange rate of the naira had unleashed untold hardship on the people and needed to be revisited.

According to the NDU report, since May 2023, Nigeria implemented significant reforms to stabilise its economy, resulting in modest growth, improved fiscal health, and rising foreign exchange reserves.

However, it observed that while these measures were necessary to urgently avert a fiscal crisis and place Nigeria on a stronger development path, they have imposed shortterm pressures on households and businesses.

The report underscored the need to sustain these policies while addressing structural issues to combat inflation and promote long-term investment, growth, and job creation.

While it is still early, the report stated that positive results from these reforms were beginning to show at the macroeconomic level, citing output growth which has remained modest overall, but inched higher through mid-2024 as oil sector output has stabilized and activity in some services has been robust.

It noted that the fiscal position is also improving, with the federal

tributes to the late President-General of Ohanaeze N’digbo Worldwide, Chief Emmanuel Iwuanyanwu.

Governor Sanwo-Olu and other eminent Nigerians spoke on Wednesday evening during the service of songs and night of tributes held for the late Iwuanyanwu on Wednesday at Eko Hotels Victoria Island, Lagos. They eulogised the deceased leadership style, philanthropic works, and immense contributions to national, social and economic development.

Governor Sanwo-Olu, in his tribute, described the late Iwuanyanwu as an elder statesman, patriot and champion of peace who contributed immensely to the growth and progress of not only the Igbo land but Nigeria in general.

The governor said the late President General of Ohanaeze

67, said during a recent visit to New York. “The pressure was coming from different directions, people confusing us, disturbing us every day with different media stories that it will never work, it will never work, it will never work,” the report quoted him as saying.

But since the refinery started running in January, there have been disagreements with the government and state oil company, as well as concerns over its impact on locals and the environment. Dangote is smarting from the blowback, his tone quickly shifting from warm to bitter as he runs through the challenges.

For Dangote, who made his first billions in cement, the refinery was the most audacious undertaking of his 46-year career. Building it took 11

government's fiscal deficit narrowing to 4.4 per cent of Gross Domestic Product (GDP) in the first half of 2024 from 6.2 per cent in the first half of 2023, helping to mitigate debt-related risks.

"Foreign exchange reserves – a buffer against external shocks – have risen from $32.9 billion at the end of 2023 to more than $38.8 billion by mid-October 2024.

"However, inflation remains high, and inched up again in September 2024, mainly due to the most recent gasoline price increases and recent floods," the report said.

Given what it described as the promising results, the report argued that the new direction of macroeconomic policies should be sustained, including the Central Bank of Nigeria’s appropriately tight monetary policy stance.

The report stated that complementing them with measures to address long-standing structural constraints will enable faster progress in the fight against inflation, and spur the investment, growth, and jobs which Nigeria urgently needs.

It explained that previous distortionary and unsustainable policies were hindering Nigeria from achieving its immense potential, adding that a series of macroeconomic policy missteps between 2015 and 2023 contributed to an inflation surge in Nigeria

In his address at the launch, the World Bank Country Director in Nigeria, Dr. Ndiame Diop noted: “Nigeria took the bold and courageous move to undertake difficult but critical reforms. This against the backdrop of an already fragile economic position, high food and transport inflation, and other heightened uncertainties.

"If these reforms were not done, Nigeria would have fallen into a serious fiscal crisis that would have made it difficult for government to meet its obligations to citizens.

“Going forward, it will be important to consolidate the improving fiscal outlook and scale up the support for the poorest households to cope with purchasing power losses and hardships, while

N’digbo Worldwide during his lifetime demonstrated leadership in every facet of life, noting that in every role the late Iwuanyanwu undertook, he embodied excellence and left a lasting legacy.

He said: "He was a man of passion and boundless energy, and his life was a testament to what it means to be a true hero. He was a patriot and dedicated servant to the growth and progress of not only the Igbo land but of Nigeria in general.

“In politics, Chief Emmanuel was a respected elder statesman and a champion of unity. His voice resonated particularly in advocating not only for Igbo but for Nigeria at home and promoting across our nation.

“His message was a message of a diverse ethnic group and appreciating that we could be different, but we

years and $20 billion, three-and-a-half times as long and more than twice as much as initially planned. He financed most of it himself.

The original site for the refinery was scrapped after four years of wrangling with local officials over land issues, he said. Dangote moved the site south to Lagos state where he met more resistance, this time from residents facing relocation.

The new plot turned out to be mostly swamp which had to be dredged, reclaimed and lifted nearly 5 feet (1.5 meters) to avoid flooding from rising sea levels. Dangote’s holding company built a dam, its own port, a massive granite quarry and bought 332 cranes.

Two years into construction, Covid hit. Some of its suppliers

expanding opportunities for growth and productive jobs, especially for young Nigerians is most urgent and crucial."

Diop urged Nigerians to support the current economic reforms, adding that reversing them could pose serious negative consequences for the country.

The NDU report offered key recommendations on policy priorities to build upon Nigeria’s macro-critical reforms, and ignite growth and job creation.

It called for the maintenance of a tight monetary policy until a sustained disinflation path is achieved and continue improving policy effectiveness.

It also urged monetary authorities to ensure the exchange rate is unified and reflects market conditions, while expanding the foreign exchange market.

To reduce debt risks and create room for development and povertyfocused spending, it advised that there should be focus on four key areas.

These, it said, include continued removal of the fuel subsidy and increasing transparency in the oil sector, increase non-oil revenues through better tax policies, cutting government waste and direct spending to targeted poverty programmes, and stick to realistic budgets to avoid unplanned spending.

The report also recommended that the government should protect vulnerable groups by expanding cash transfer programs and strengthening social safety nets, as well as continue addressing long-standing structural constraints.

While presenting the report, the Lead Economist of the World Bank for Nigeria, Alex Sienaert said: "Recent reforms are starting to restore macroeconomic stability. GDP is projected to grow by 3.3 per cent in 2024, rising to an annual average of 3.7 per cent over 2025-2027; headline inflation is anticipated to peak at an average annual rate of 31.7 per cent in 2024, largely driven by the previous depreciation of the naira and increased gasoline prices.

"Yet, in the medium term, staying the course with implementation of the current policy mix will reduce

are all the same.

“His philanthropic efforts are a reflection of his generous spirit. Through his foundation, countless scholarships were awarded to underprivileged students, and his support for his community touched lives beyond his state, Imo State.

“Here in Lagos; we felt it. His commitment to improving education and expanding opportunities for the less fortunate and less privileged will forever stand as part of his enduring legacy.

“We are certainly comforted by the great legacy of integrity, the legacy of nation-building, compassion, and ensuring that no one is left behind and therefore, on behalf of the people and government of Lagos State, I want to extend our heartfelt condolences to members of the family, to all friends, and associates.

went bankrupt and the project locked down, with all workers required to stay on-site. Meanwhile, Dangote said he was paying $50 million to $60 million a year in interest for a $5.5 billion loan he’d acquired from a consortium of local banks.

Through it all, he said his goal was to address Nigeria’s economic paradox. The country is Africa’s biggest oil producer but a dearth of functioning domestic refineries meant it was exporting its own crude, refining it abroad, then re-importing it as fuel in a loop rife with waste.

Yet when Dangote’s refinery opened earlier this year it had to source crude from abroad, adding to its costs, because most of the country’s output was tied up in long-term contracts.

With a spiralling currency, a history

inflation, expected to fall to 14.3 by 2027 in the base case,” he said.

He, however, warned that 12 million more Nigerians risk slipping into poverty due to the current reforms, and the attendant job losses.

Sienaert noted that the N70,000 Minimum Wage increase was only for about 4 per cent of public sector workers, adding that only rewarding jobs can actually pull people out of poverty.

During a panel discussion, the Minister of Finance and Coordinating Minister of the Economy, Edun confirmed that subsidy on PMS had been finally "extinguished" with the full deregulation to pave the way for "market pricing."

Edun who had consistently been reluctant to admit in the past as to whether or not subsidy was fully removed, said the subsidy regime cost Nigeria about 5 per cent of its gross domestic product GDP.

“For the first time in 40 years, the vexed issue of fuel subsidy and linked to it, the foreign exchange subsidy, costing 5 per cent of GDP, have gone. It takes time to do reform. So what started on May 29, 2023, taken from one place, tried to re-exit in another place, and it was finally extinguished.

“We have market pricing of PMS and with that, there’s huge benefit not only to NNPC, which was bearing the brunt, but to the economy as a whole, including the state governments and the local governments.

"In the same regard, market pricing of foreign exchange. And it’s a difficult step, apart from all the other things that you do to ameliorate the pain generally of macroeconomic reform.

“In this case, we sat down with the unions yesterday. We explained the economic trajectory the country was on, and we explained the opportunity which we all needed to ensure that we do not miss," he said during a panel discussion, " he said.

Also in response to a question, the Bauchi State Govenor, Mohammed said the economic reforms were not working but inflicting pain on the people, calling for a revisit.

Mohammed who lamented the negative impact of the reforms on

In his tribute, the former SecretaryGeneral of the Commonwealth, Chief Emeka Anyaoku, said Chief Iwuanyanwu was an outstanding Nigerian patriot, a true icon, and a devoted leader of the people who left a great legacy in various areas of the private sector.

His words: "He was a devoted leader of his people in the war and also, at the same time, an unquestionable Nigerian patriot. He was a versatile professional and businessman. He was so versatile that he founded a conglomerate of over 20 companies. His death is a huge loss. We are saying adieu to a true icon."

Also speaking, retired Prelate of the Methodist Church Nigeria, Dr. Samuel Kalu Uche, noted that Chief Iwuanyanwu laboured for the unity of Nigeria since the civil war period.

of popular fuel subsidies and steep refining costs, negotiations with the government and the state-owned Nigerian National Petroleum Company (NNPC), have recently been mired in controversy.

To keep his crude oil sweet, Dangote struck a deal in 2021 to sell the NNPC a 20 per cent stake in the refinery at a $13.8 billion valuation. It hasn’t worked out perfectly – that stake was later winnowed to 7.2 per cent — but he said the “good price” he offered was a necessity.

“It’s an industry which you know is full of games,” he said. “It‘s an industry where people are very corrupt,” he added.

Maintaining wealth of any level has become substantially harder in Nigeria of late, Bloomberg said,

the masses, called for a reversal, adding that the governors risked being lynched by the people

He said: "I listened with rapt attention to the presentation of the World Bank, and I think the World Bank is very, very generous; very diplomatic as it is on the issue.

"Coming from the sub-national, I

with the naira having lost more than two-thirds of its value against the dollar following President Bola Tinubu’s relaxing of foreign exchange restrictions.

Dangote boasts that 80 per cent of his business is dollarised. Next year he said Dangote Group will be the biggest supplier of dollars to Nigeria, whose economic woes have been exacerbated by a shortage of the US currency.

know we are part of the Federation, and macroeconomic policies are normally under the auspices or the purview of the federal government. "We don't determine policies. We are just players and partners

IN SWEDEN, SHETTIMA WOOS INVESTORS TO NIGERIA'S

advantage of Nigeria's ever-growing investment climate, which is currently providing limitless opportunities for serious investments.

According to him, the Nigerian government, under President Tinubu, has undertaken bold reforms that were restructuring the nation's economy for sustainable growth, just as the administration's Renewed Hope Agenda was focused on a competitive business environment that attracted both foreign and domestic investments.

Speaking at Epicenter, Stockholm, Sweden, where he was on a two-day working visit aimed at boosting trade and bilateral relations between both nations, Shettima noted that Nigeria and Sweden have a time-honoured history of cooperation, particularly in trade, technology, and sustainable development.

He cited opportunities that abound in Nigeria, including the digital economy, agriculture, renewable energy, and MSMEs, among many others, pointing out that the nation is now "an ambitious nation, bound by the limitless potential of the Fourth Industrial Revolution."

Employing every negotiation skill at his disposal to woo investors at the business forum with the theme, "Trade and Investments with a Focus on the Digital Economy, Agriculture, and Renewable Energy," the vice-president assured that the Tinubu administration had done much within the last year to brighten Nigeria's investment climate, creating vast investment opportunities.

"Under the leadership of President Bola Tinubu, the Nigerian government has introduced bold financial reforms, including the unification of exchange rates and the removal of fuel subsidies. Though challenging, these reforms

In her tribute, the first daughter of the late Iwuanyanwu and the Group Managing Director of Champion Newspapers, Dr. (Mrs) Nwadiuto Iheakanwa, said her father was a superhero who believed in female children.

Dr. Iheakanwa, who disclosed that she was her father’s only child for nine years before the arrival of other siblings, said Chief Iwuanyanwu was a true gift, duty-bound, and proud of all his children.

“He has been through a lot in politics, business, and even health, yet he remained strong. I thank God for the life he lived and for always answering my prayers whenever my dad was sick. I can’t believe that he is gone. Please keep praying for us. We really need strength,” she said.

In his sermon, the Archdeacon of Ikoyi Archdeaconry of Lagos

are necessary steps in restructuring the economy for sustainable growth.

"The government's 'Renewed Hope Agenda' emphasises creating a competitive business environment that attracts both foreign and domestic investments.

“In parallel, our financial sector reforms, such as the revised Cashless Policy and Open Banking Framework, have revolutionized banking services, promoting financial inclusion and providing innovative financial products."

Identifying digital economy, agriculture, and renewable energy as global priorities and the direction in which Nigeria is headed, Shettima said these sectors are crucial to addressing pressing global challenges such as food security, climate change, and economic growth.

Charging Swedish investors to avail themselves of the business opportunities that abound in Nigeria, he said, "Distinguished guests, ladies and gentlemen, there is tremendous potential for collaboration between Nigeria and Sweden across multiple sectors.

"Whether in finance, renewable energy, digital innovation, agriculture, or education, our partnership holds the promise of immense benefits for both nations. I urge Swedish investors to seize the opportunities in Nigeria and work with us to build a prosperous and sustainable future."

The vice-president recalled that trade between Nigeria and Sweden grew by 30% in 2022, informing a greater need for deeper collaboration between both nations.

"This momentum calls us to

Diocese (Anglican Communion), The Ven. Folorunso Agbelusi, said the late Iwuanyanwu was a blessing to Nigeria. He said the deceased touched many lives and prayed that his legacy will not die.

Other dignitaries present at the event were former Governor of Ogun State, Chief Olusegun Osoba; ex-Chief of General Staff, Commodore Ebitu Ukiwe (rtd); Chairman of the Central Burial Committee, Senator Ben Obi; Publisher of Vanguard, Sam Amuka Pemu and one-time Chief of Naval Staff, Admiral Allison Madueke (rtd). Others included Bishop of Lagos Diocese (Anglican Communion), Rt. Rev'd. Ifedola Okupevi; Prof. Anya O Anya; traditional and religious leaders; captains of industries; media managers and journalists; and Igbo leaders and traders, among others.

Dangote

INVESTMENT DRIVE.. .

Aviation Working Group Removes Nigeria from Watchlist, Increases Her Rating to

Chinedu Eze

Nigeria has recorded a big achievement in the aviation industry, as Aviation Working Group (AWG) has removed the country from the watchlist and increased its rating to 75.5 per cent.

This was disclosed by the Minister of Aviation and Aerospace Development, Festus Keyamo, in Lagos yesterday during the commissioning of Juhi-2 aviation fuel depot at the Murtala Mohammed International Airport, (MMIA), Lagos.

Aviation Working Group (AWG) is a not-for-profit legal entity comprised of major aviation manufacturers, leasing companies and financial

institutions that contribute to the development of policies, laws and regulations that facilitate advanced international aviation financing and leasing.

Removing Nigeria from watchlist means that Nigeria will no more be designated as high-country risk, which indicates that Nigerian carriers can now acquire aircraft on dry lease without extraordinary costs levelled on the country identified as high-risk nations.

These achievements followed the significant efforts made by the Minister of Aviation, who in line with the Tinubu administration’s policy, decided to remove all obstacles preventing domestic airlines from

long-term leasing of aircraft, known as dry lease.

This significant move led to the signing of the Cape Town Convention Practice Direction by the federal government, which shot up the country’s rating from 49 per cent to 70.5 per cent by AWG last month.

Throwing more light of this significant achievement, the Minister told journalists that what has been achieved is the birth of a baby after a period of gestation, which involved hard work and commitment that took him to different countries to interface with global influencers in aviation and at home to meet the requirements set out to lift the country.

The latest was the signing of the Irrevocable De-Registration and Export Request Authorization (IDERA), which will enable government to support a lessor taking his aircraft out of the country when there is infringement in the conditions of leasing the aircraft to a Nigerian carrier.

Reacting to this achievement, the Minister said, “It is a major eye-opener; it is also market-opener for the aviation sector, especially the Nigerian aviation sector around the world.

“Nigerian airlines can now go global and access the world of aircraft financing and aircraft leasing. We were actually on a blacklist before.

FG Unveils Oil, Gas Compendium, Says Nigeria Positioning as Africa’s Gas Hub

Emmanuel Addeh in Abuja

The federal government yesterday released the oil and gas compendium, describing it as an ambitious initiative by the Ministry of Petroleum to provide potential investors with a comprehensive guide to Nigeria's oil and gas projects.

Speaking at the event, the Permanent Secretary of the Ministry of Petroleum, Nicholas Ella, noted that the nation currently stands on the threshold of a new era in energy, driven by the framework designed to reposition Nigeria as a leader in the global oil and gas landscape.

After nearly two decades of anticipation, the Petroleum Industry Act (PIA), Ella said, has introduced a robust legal and regulatory framework aimed at promoting efficiency, boosting transparency, and enhancing sustainable practices.

Ella, who was represented by the Director, Midstream and Downstream Department at the ministry, Mohammed Abubakar, stated that Nigeria now has huge potential in its deepwater assets, which are currently under-exploited.

“By providing clearer tax regimes, including Production

Sharing Contracts (PSCs), and royalty incentives, the PIA ensures that Nigeria remains an attractive destination for upstream investment.

“According to the International Petroleum Agency (IPA) Nigeria holds the largest oil reserves in subSaharan Africa, and implementation of these fiscal terms can unlock investments worth billions of dollars.

“This compendium is an ambitious initiative by the ministry to provide potential investors with a comprehensive guide to Nigeria's oil and gas projects. From onshore to offshore blocks, and from upstream exploration to mainstream infrastructural development, this document serves as a one-stop repository of opportunities in Nigeria's oil and gas sector.

“Importantly, it outlines the incentives available to investors, including tax holidays, capital allowances, and favourable royalty frameworks, key enablers for those looking to invest in this dynamic market,” Ella added.

In his comments, the Executive Secretary, Petroleum Technology Development Fund (PTDF), Ahmed Galadima, stated that Nigeria was committed to remaining a dominant player in the global energy sector.

He listed the objectives of the PIA to include: Optimising government revenues, creating jobs, sustainable development of host communities, and in particular, providing the atmosphere for developing new technologies.

Represented by the Deputy Manager, Finance Division of the PTDF, Muhammed AbdulRahman, he stated that Nigeria was positioned as a forward-looking energy giant in Africa, with vast potential to drive industrialisation and economic diversification.

“Our mandate is clear: To build local, human, and institutional capacity that supports the need of the Nigerian oil and gas industry with an eye on sustainability, technological advancement, and innovation.

“As we reflect on how the PIA crystallises investment, it is important to highlight how it aligns its objectives with the broader goals,” he added.

According to him, the PTDF has funded over 20,000 local and international scholarships at postgraduate levels for young Nigerian engineers, scientists, for technical skills, ensuring that Nigeria develops a workforce capable of

managing and expanding the oil and gas sector.

“In line with the PIA local content provision, we have ensured that the Nigerian oil and gas industry is staffed and operated by a pool of competent professionals,” he added.

He explained that the PTDF remains at the heart of promoting research and capacity development in gas utilisation, particularly liquefied natural gas, compressed natural gas, and auto gas technologies.

In his intervention, Chairman Amplus VG Energy JV Limited, Scotland, Dr Mohammed Baba Shehu, said that technology can be harnessed to combat oil theft and increase government revenue.

“Nigerian oil and gas sector has long been the backbone of our economy, contributing significantly to government revenue and foreign exchange gaining. However, despite our vast hydrocarbon resources, the sector has faced numerous challenges that have hindered the optimal performance.

“Issues such as regulatory uncertainty, inefficient management of resources, oil theft, revenue leakage, have brought the industry to its knees,” he stated.

“At 49.5 rating, it was a noncompliant figure. We were on that belt before. We moved up to 70.5, which was a compliant belt, but still on the watch list.

“But now we're 75.5, we are completely off the watch list. And the Aviation Working Group, cochaired by Boeing and Airbus, said this is a high score. They termed it a high score for the country, and it matches the score that you see that most of the big nations in the world have, which enable them to access these opportunities. We shall have that type of assets now; I can assure you.”

The Minister said that what the federal government did differently to achieve this is the political will; the determination to make Nigerian airlines major players in air transport

75.5%

in Africa and beyond.

According to the Minister, “I think it is the political will; the encouragement by Mr. President, the focus we have. Mr. President gave us the right direction, what to do, how to go and set the policies there.

“This request, I can tell you, has been on the ground for more than 10 years, and nobody attended to it. They thought it was something that they did not need to bother about.

“And that was why there was a policy shift in the past in Nigeria, which is to rather access other bigger countries to just come and help us, you know, take over our aviation ecosystem, to say, look, we can do it. And that was a solemn resignation to the fact that we can’t do it. But this policy shift is that we can do it.”

Tinubu, Dangote to Headline 2024 Diaspora Investment Summit, Says Dabiri-Erewa

Michael Olugbode in Abuja

President Bola Tinubu and business mogul, Alhaji Aliko Dangote are to headline this year’s Nigeria Diaspora Investment Summit holding between November 5-7 in Abuja.

Speaking at the pre-event press briefing in Abuja, the Chairman/CEO, Nigerians in Diaspora Commission (NIDCOM), Hon. Abike Dabiri-Erewa, said no fewer than 2000 participants are expected at the hybrid event, with 500 participants and exhibitors also showing interest to attend the annual event.

Dahiru-Erewq said: "We are honoured to announce that the President of the Federal Republic of Nigeria, President Bola Ahmed Tinubu will serve as our special guest of honour. This underscores the significance of this event and the Diaspora in our president’s agenda. Her words: "Business leaders including, Alhaji Aliko Dangote, will be the Guest Speaker on the first day. His presence is aimed at drawing from the wealth of his knowledge and practical experience in successfully conducting business in Nigeria.

“Mr. John Olajide will deliver the keynote address on the second day, contributing his own valuable experience and insights.

"Additionally, prominent personalities from the entertainment industry, such as Richard MofeDamijo, among many others, will also be present."

Dahiru-Erewq revealed that this year's Summit "will focus on key sectors that are pivotal to driving investment and fostering growth in Nigeria, including Finance, ICT, Fintech, Creative Industries, Sports and Entertainment, Agribusiness, Healthcare, Education, Real Estate and Infrastructure, as well as Manufacturing and Mining."

She assured interested participants that this year's Summit "promises to be exceptional, featuring insightful discussions, networking opportunities, and actionable strategies to harness the potential of the Nigerian Diaspora."

She noted that the previous summits have earned the nation lots of investment and assured that the one holding this year will usher in better return on investment.

L-R: Former Vice Chancellor of Austria, Dr. Michael Spindelegge; Governor of Enugu State, Dr Peter Mbah; and President, Parliament of Austria, Mag. Wolfgang Sobotka, during the governor's working visit to the Parliament in Vienna, Thursday.

L-R: Head, Risk Management & Portfolio Optimisation, Nigeria LNG Limited, Gbemisola Abiola-Ige; Managing Director/CEO of Transafam Power Limited, Vincent Ozoude; Managing Director/CEO, Association of Power Generation Companies (APGC), Dr. Joy Ogaji; and Managing Director/CEO, Transcorp Energy Limited, Christopher Ezeafulukwe, at the 2024 Nigeria Energy Summit in Lagos on Thursday

Transport Summit: Amaechi Laments

Abandonment of Railway Projects

Oyetola: Integration of intermodal transportation to unlock maritime potential

Sunday Okobi

Former Minister of Transportation, Rotimi Amaechi, has lamented that the first ever Wagon Assembly Plant built and inaugurated in Ogun State in 2023, the Kajola Locomotive, and the Wagon Rolling Stock Depot are currently abandoned.

He revealed the abandonment of the projects while speaking yesterday as the keynote speaker at the just

Tinubu,

concluded Transport Summit organised by the Transportation Correspondents Association of Nigeria (TCAN) with the theme: 'Internodal Transport: Prospects and Challenges’.

The two-time governor of Rivers State disclosed that the plant was built to ensure Nigeria produces wagons and other rolling stocks needed for railway development in Nigeria.

According to Amaechi, "There are so many things we had in the

Wife Rejoice with Ooni of Ife, Oba Adeyeye Ogunwusi at 50

Deji Elumoye in Abuja

President Bola Tinubu and his wife, Senator Oluremi Tinubu have felicitated the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, on the occasion of his 50th birthday.

The President, in a release issued on Thursday by his Adviser on Information and Strategy, Bayo Onanuga, joined Nigerians, the people and chiefs of Ile-Ife, and the global Yoruba community in commemorating the Golden Jubilee of the Ooni of Ife.

President Tinubu noted Ooni's extraordinary leadership and maturity since ascending the throne at 41, emphasising his significant role in preserving the rich traditions of the Yoruba people in the ancient city known as The Source.

He acknowledged Oba Ogunwusi's deep sense of duty, wisdom, and knowledge as he fulfils his responsibilities as both the traditional ruler of Ile-Ife, Osun State, and the revered spiritual leader of the Yoruba people.

The President also recognised Ooni’s critical contributions as CoChairman of the National Council of Traditional Rulers of Nigeria, where he serves as a unifying figure, a steadfast supporter of government policies, and a passionate advocate for religious tolerance, peace, and the unification of our nation.

President Tinubu commended Oba Ogunwusi's tireless advocacy for women and youth empowerment through education

and entrepreneurship, underscoring his admirable philanthropy and unwavering commitment to uplifting those in need throughout Nigeria and beyond.

With heartfelt optimism and support, the President paid tribute to the Ooni for exemplifying the traditional Yoruba values of humility, peace, and generosity while also honouring the dignity and integrity of his exalted throne.

As the esteemed Yoruba monarch celebrates this significant milestone, President Tinubu offered his sincere prayers for the continued success and prosperity of His Imperial Majesty's reign, which will undoubtedly benefit the people of Ife and the nation at large.

Also, the wife of the President, Senator Oluremi Tinubu, congratulated Oba Ogunwusi on his 50th birthday.

The First Lady, in a statement entitled '50 Hearty Cheers to Oonirisa' and personally signed by her on Thursday said:

"I heartily congratulate and felicitate with His Imperial Majesty, the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi, CFR., Ọjájá II on the joyous occasion of his Golden Jubilee.

"Fifty years is not just a marker of time, but a testament to wisdom and leadership.

"As your days are, so shall your strength be.

"I pray that you celebrate many more birthdays on the throne of your forefathers in divine health, joy, peace, happiness and prosperity.

rail project that most other countries didn't have.

"If you get to Prof. Yemi Osinbajo Train Station in Kajola, there is a Wagon Rolling Stock there. We launched that facility in 2023.

"The Kajola Locomotive and Wagon Rolling Stock was not part of the Lagos-Ibadan Rail project, but we insisted that the Chinese must build the facilitiy to enable us gain knowledge transfer in the area of wagon and rolling stock manufacturing.

"I told the Chinese contractors that I was going to give them a contract to supply Nigeria 200 rolling stock. I however told them that I won't approve the contract if they don't build a Wagon Assembly Plant in Nigeria.

“That after five years, they will start assembling and manufacturing Wagons and Rolling Stocks in Nigeria. The agreement was signed.

"The reason for doing this was to create employment and reduce foreign exchange expenditure because we will produce them here. Don't

forget that this was not part of the railway contract.

“I told the Chinese company that instead of giving me money, they should build a Transportation University, and they did.”

He revealed that the Kajola Locomotive and Wagon Assembly Plant was also one of the demands he made from the Chinese company, and it was also built.

Amaechi said: "I was in South Africa, and saw that they were producing locomotives. I asked them how they did it, and they said they awarded locomotive contract to the Chinese and asked them to build a plant for them so they will know how they did it.

"So, because I wanted Nigeria to also benefit the same way South Africa benefitted, I demanded that the Chinese build a wagon and rolling stock depot in Nigeria.

"This was done and was commissioned in 2023, but as I speak today, that facility has been abandoned. Nothing is happening

there. Until we continue to invest in transportation, we might never get it right in this country.”

In his presentation, the Minister of Marine and Blue Economy, Adegboyega Oyetola, said that a critical component of unlocking the full potential of the country's maritime sector is the integration of intermodal transportation.

Oyetola, represented by Mr. Yusuf Muhammad, director of General Service, Ministry of Marine and Blue Economy, noted that efficiently linking the ports with road, rail, and inland waterways was key to optimising the movement of goods and enhancing trade.

According to Oyetola, "Our vision is to develop a seamless transport system where goods can flow smoothly between ships, trucks, and trains, boosting trade and economic growth.

"Intermodal transportation also aligns with our broader objective of reducing congestion, lowering carbon emissions, and enhancing the overall efficiency of our logistics chain.”

The minister added that the ministry had embarked on several initiatives aimed at unlocking the vast potential of the marine resources.

The minister said: "We have developed a comprehensive policy framework to enhance maritime safety, boost investment in port infrastructure, and promote sustainable fishing practice.

"The ministry has also established the National Strategy on Blue Economy which is aimed at regulating and promoting sustainable use of our marine resources.”

He noted that the strategy was validated with the support and collaboration of InterAfrican Bureau. For Animal Resources (AU-IBAR) and the Kingdom of Norway.

Also speaking at the event, the Lagos State Commissioner for Transportation, Mr. Oluwaseun Osiyemil, said that with continued collaboration, Lagos State would become a model for integrated and innovative transport systems across Africa.

Obi Revisits Consumption to Production Capacity as Nigeria Ranks Among 20 Hungriest Nations Globally

Leader of the Labour Party, LP, and its 2023 presidential candidate Peter Obi has revisited his main campaign message in 2023 as a gloomy picture of Nigeria emerging with the country ranked among the 20 hungriest nations in the world.

In a message to mark World Food Day, Obi expressed disappointment as the Global Hunger Index ranked Nigeria among the 20 hungriest nations in the world.

"In August 2024, it was reported that more than 31.8 million Nigerians were acutely short of food due to security challenges and the removal of fuel subsidies.

According to a statement by Ibrahim Umar, his spokesman Obi said: "It was also reported that 15.6 million children in Nigeria were facing hunger.

"The United Nations predicted that 82 million Nigerians may go hungry by 2030 if the government fails to tackle the menace of food

insecurity.

"The domestic food inflation in Nigeria remains among the highest globally, with food prices increasing by 37.5% year-on-year as of August 2024.”

Obi further noted in his message that the world marks World Food Day, to raise awareness about the issues of hunger and food insecurity and serves as a reminder of the need to commit to food security and fight hunger to a standstill.

He said” 'This global observance is particularly important to us in Nigeria, where food prices are skyrocketing every day, and basic food items are becoming unaffordable to most people.

"Severe hunger has now become an unfortunate member of many households in Nigeria - the once giant of Africa, a nation that has the most arable land in the continent.

"Nigeria's struggle with a food crisis and hunger today is saddening, considering the richly blessed and vast arable lands with which we

are endowed as a nation.

"In the past, I used to lament that the majority of Nigerian households spent most of their income on food alone, sparing none for savings and other critical exigencies.

"Today, it is heartbreaking to note that most Nigerian households are no longer able to afford sustenance food with their income.

"Food prices are soaring, food inflation is skyrocketing, the food crisis is worsening by the day, and hunger has graduated to a national crisis.

"In a Food Security Update Report released last week, the World Bank likened Nigeria's worsening food security crisis to war torn countries like Yemen, noting that we have a significant rise in the number of people facing acute food shortages and an epidemic of hunger.

"I believe these reports, sad as they are, only paint a lenient picture of the severity of the food crisis and hunger in reality.

"Over the years, I have maintained

that moving the country from consumption to production remains the surest way of combating food insecurity and pulling the nation out of the present food crisis.

"I have equally stated, unequivocally, that the greatest asset our nation has is the vast uncultivated lands in the North coupled with our huge demographics.

"Therefore, we must be intentional with our agricultural investments.

"A state like Niger State, which is twice bigger in landmass than the Netherlands (excluding water) can neither feed itself nor feed the nation, while the Netherlands exports over $100 billion worth of agro products annually.

"If we can prioritize investment in agriculture by combating insecurity which has kept farmers away from the farms, and adopting modern ways of mechanized farming, we will be able to combat hunger and achieve food security for the nation.”

Chuks Okocha in Abuja

13TH SITEI PRESS CONFERENCE...

CNG: FG Warns against Patronising Quacks as Vehicle Blows Up in Benin

Emmanuel

The office overseeing the Presidential Compressed Natural Gas Initiative (PCNGI) yesterday warned vehicle owners to stop patronising quacks, following the explosion of a CNG-powered car in Benin City, Edo State.

While commiserating with the victims of the incident, the Michael Oluwagbemi-led secretariat in a

statement stressed that a close examination of the cylinder in question in Benin City showed that it was welded and modified and not approved for use for CNG.

Earlier, tragedy struck in Benin City, capital of Edo State following the explosion of a CNG powered vehicle at NIPCO filling station located at Aduwawa along the Benin-Auchi expressway.

A viral video making the round

on social media, showed the vehicle was visibly shattered while people around the vicinity ran for their dear lives as the loud sound of the explosion created panic among resident in the vicinity.

Three persons were said have sustained various degrees of injuries and we’re rushed to a private hospital for medical attention.

This came on the heels of safety concerns raised about

the conversion of petrol-powered vehicles to CNG as advocated for by the Nigerian government.

Reacting, a staff of the Nigerian Independent Petroleum Company (NIPCO), attributed the explosion to a fabricated CNG-powered cylinder by a welder.

A visit to the scene saw two heavy trucks and other commercial vehicles affected by the blast with officials of NIPCO condoning the area apparently to ensure that

Israel Confirms Elimination of Hamas Leader, Yahya Sinwar, in Gaza

Hamas leader, Yahya Sinwar, one of the masterminds of the October 7 massacre in Israel, has been killed, according to the Israeli military, quoted by CNN yesterday.

“This is the beginning of the day after Hamas,” Israeli Prime Minister Benjamin Netanyahu said, while calling on those holding Israelis captive in Gaza to lay down their weapons and return the hostages, pledging whoever does so will be allowed to “go out and live.”

An Israeli drone flying over Gaza yesterday spotted Sinwar’s body in the rubble of a building that was struck by an Israeli tank Wednesday, a source told CNN.

When soldiers went in on foot to get a closer look, they started to suspect it was the Hamas leader, and Israeli officials ran DNA tests and

used dental records to confirm his identity, the report said.

Sinwar was killed in one of the only houses still standing in a residential area of Rafah, a CNN analysis of videos and photos released by the Israel Defense Forces (IDF) found.

Yesterday, IDF spokesperson Daniel Hagari confirmed Sinwar was killed in the Tal al-Sultan area of Rafah.

It’s unclear whether Sinwar was sheltering in the area for some time or had only recently sheltered there.

But the area was largely untouched by the war until August 28, when a group of homes was destroyed just north of where Sinwar was killed, according to CNN’s review of the Planet Labs satellite imagery.

By September 2, the home where Sinwar was found was surrounded by destruction.

While US special operations forces in Israel have been primarily focused

on hostage recovery efforts, officials told CNN on Thursday that those efforts often overlapped with helping find Hamas leadership, due to their practice of keeping hostages around the group’s leaders.

“The purpose is to find the hostages, but to do that you basically have to find the (high-value individuals),” one US defense official said. “It’s hard to say they’re separate because the activity is almost one in the same.”

US officials have said since last year that special operations forces were in Israel to assist with hostage recovery, but President Joe Biden yesterday said he directed them to go to Israel after Hamas’ October 7 attacks “to help locate and track” Sinwar and other Hamas leaders.

US officials believed for months that Sinwar was underground and possibly surrounded by hostages he was using as shields. An Israeli military

spokesperson said that Sinwar was killed in an area close to where the bodies of six hostages were recovered last month.

The Israeli military believes Sinwar was trying to escape the Rafah area in southern Gaza and head north at the time he was killed.

To think through what happens next, perhaps the most crucial piece of information is the fate of his brother Mohammed. Last month a very senior Israeli official told CNN that Mohammad Sinwar had taken over as Hamas’s military commander after the killing of its pre-war chief Mohammed Deif in an Israeli air strike on July 13.

Yahya and Mohammed were always very close and rose through Hamas’s ranks together; the same senior official told CNN that as recently as late August they were often still together.

Chinese Firm to Set-up $300m New Steel Plant in Ogun State

The Minister of Steel Development, Prince Audu Abubakar, has received a delegation of Chinese Company, Inner Galaxy Steel Company Limited, who has committed to investing about $300 million to set up a new Steel Plant for the production of specialised steel products in Ogun State, Nigeria. This is as the country moves towards diversifying its economy under the Renewed Hope Agenda of the present administration.

While receiving the delegation in the company of the Permanent Secretary of the Ministry, Dr. Chris Osa Isokpunwu, with other Directors,

alongside the Chief Executive Officer of Stanbic IBTC Bank PLC, Mr. Wole Adeniyi and his team in the Ministry's Headquarters in Abuja, Prince Audu described the move as a welcome development.

He stated that the interest by the company in setting up a new steel plant In Nigeria, shows the Group's confidence in the leadership of President Bola Ahmed Tinubu to turn the fortune of the nation around through the Steel Sector. Audu, in a statement Thursday by Head, Information & Public Relations of the Ministry, Salamatu F. Jibaniya, assured them of the federal government's support in creating an enabling environment and providing

other fiscal incentives for their sustainable operation in Nigeria.

Audu said that the ministry will review the proposal of the company as well as involve relevant government authorities for concessionary benefits within the current operational framework so as to facilitate the proposed foreign direct investment.

In his remarks, the Permanent Secretary of the Ministry, Dr. Chris Osa Isokpunwu, lauded the new investment interest of the Chinese company, noting that the Honourable Minister is keen on driving the steel revival efforts of Mr. President.

Dr. Isokpunwu, reiterating the trust in the expertise of the Chinese,

stated that he expects Inner Galaxy Group to follow through with their promises by investing in local manufacturing and not becoming a transit point for steel importation.

Earlier, President of the Inner Galaxy Group Mr. Li stated that the Group, which has been in operation in Nigeria for over twenty years with current investments in steel production in excess of $1 billion is seeking the cooperation of the ministry to facilitate a further investment of $300 million for the establishment of a new Steel Plant in Nigeria for the production of specialised steel products like plates, angles, beams, and stainless products amongst others.

customers complied with the requisite regulations.

It was learnt that the welder who fabricated the cylinder which led to the explosion had been arrested for further investigation.

An official of NIPCO who left the scene before the blast said he was lucky to have escaped as the expulsion occurred barely minutes after he left the scene, adding that three persons among other who were seriously injured were currently receiving treatment at the University of Benin, UBTH.

He said: "One of my staff was directly involved and he is presently receiving treatment at UBTH. Another victim sustained injuries in eye and one had his leg cut off completely, I was just lucky to have left the vicinity before the explosion.

"A welder not far from here faked the CNG cylinder that caused the explosion. I don't know why some people will put their lives and that of others into danger by going to fabricate cylinder.”

The Presidential CNG Initiative in message on its X handle described the incident as unfortunate, adding that it was as w result of illegally modified gas-powered vehicle.

“The Presidential CNG Initiative notes the unfortunate incident that involved an illegally modified vehicle at a NIPCO CNG Station at Ikpoba Hill in Benin City on Wednesday, October 16, 2024.

"The PCNGI commiserates with those injured in this avoidable incident, and thankful that no lives were lost. The PCNGI also notes that safe handling of all hydrocarbon is critical to their safe use.

"A close examination of the cylinder in question in Benin City shows it was welded and modified and not approved for use for CNG. The police, regulatory authorities and management of NIPCO are undertaking a painstaking investigation of the incident and we are coordinating with them.

To begin vaccination in November in Bayelsa, Kebbi

Onyebuchi Ezigbo in Abuja

The federal government, Thursday, formally received one million doses of R21/Matrix-M Vaccine for malaria from Gavi.

The first phase of the vaccination will commence in November in two States - Kebbi and Bayelsa, with high prevalence of malaria, the government said.

Speaking at the formal handing over ceremony of the malaria vaccine to Nigeria by Gavi in Abuja on Thursday, Minister of Health and Social Welfare, Prof. Muhammad Pate, said the malaria vaccine is free, safe and efficacious.

He also assured that it is free at the point of use, adding that government and development partners in the Gavi Alliance are mobilizing the resources to provide vaccines.

"They are not enough vaccines. So, in the context of not enough vaccines, I want to urge all the Nigerians to take advantage of the limited availability and the fact that it's available and bring their work to where they have the opportunity to make sure they are protected with these vaccines,"

he said.

The Executive Director/CEO, National Primary Healthcare Development Agency (NPHCDA), Dr. Muyi Aina, said the vaccine will be administered to children aged 5 months to 15 months as part of Routine Immunization He said that government is commencing the first phase of the introduction in November, in two states - Kebbi and Bayelsa, with high prevalence of malaria.

Aina said the arrival of the one million doses of the R21/Matrix-M vaccine from Gavi is a testament to President Bola Ahmed Tinubu's commitment to protecting the lives of our citizens, particularly, children. Nigeria is among the top ten contributors to the global burden of malaria, accounting for approximately 27 percent of the global burden and 31 percent of malaria deaths worldwide. In 2022, nearly 200,000 deaths from malaria occurred in Nigeria. Children under five years of age, and pregnant women are the most affected, with a national malaria prevalence rate of 22 percent in children aged 6-59 months as of 2021.

Addeh in Abuja and Adibe Emenyonu in Benin City

Kasim Sumaina in Abuja

Emmanuel Addeh in Abuja

L-R: Chairman of Jurors, CAHR Africa Awards, Kate Henshaw; General Manager, Pistis Life and Leadership Institute,Mr. Emeka Odibeli; Chief Executive, CSR-in-Action and Convener, Sustainability in the Extractive Industries (SITEI) Conference,Mrs. Bekeme Masade-Olowola; Program Manager, Entrepreneurship, Access Bank, Mr. Iyke Ihaegwam; and Chief Operating Officer, CSR-in-Action, Bolaji Sanyaolu, during the 13th SITEI Press Conference held in Lagos ... recently PHOTO: ETOP UKUTT

OPENING CEREMONY OF RIVERS JUDICIARY LEGAL YEAR...

FAAC Grosses N2.25 Trillion, Disburses N1.28 Trillion to FG, States, LGs

Ndubuisi Francis in

The Federation Account Allocation Committee (FAAC), Thursday, disbursed a total of N1.298 trillion to the federal, state, and local governments from a gross revenue of N2.298 trillion for September.

The disbursement was done during the October FAAC meeting in Abuja, which was chaired by Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun.

In a statement, Director, Information and Public Relations, Federal Ministry

of Finance, Mohammed Manga, said the shared amount comprised Gross Statutory Revenue, Value Added Tax (VAT), Electronic Money Transfer Levy (EMTL), Exchange Difference (ED) and Augmentation of N150.000 billion.

Citing the communique issued at the end of the meeting, the statement disclosed that the federal government received N424.867 billion, states got N453.724 billion, and local governments received N329.864 billion, while the oil producing states received N90.415 billion as 13 per cent derivation (Mineral Revenue).

Emefiele: EFCC Gets Court's Permission to Call Witnesses Via Zoom

Alex Enumah in Abuja

Justice Maryanne Anenih of the Federal Capital Territory (FCT) High Court, Thursday, permitted two witnesses of the Economic and Financial Crimes Commission (EFCC), in the trial of former governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, to give their testimonies via Zoom or any other live audio-visual links of communication.

The judge's permission was sequel to an unopposed application by the anti-graft agency.

Emefiele is standing trial on a four-count charge of embarking on the redesigning of the Naira in 2022, without the approval of the President and the Board of Directors (BoD).

The court had last week adjourned to October 17, for continuation of trial, after the end of cross examination of the 4th Prosecution Witness (PW4), Mr. Edward Adamu, a former Deputy Governor, Corporate Services.

When the matter came up on Thursday, the anti-graft agency, represented by Mr. A. O. Mohammed, informed the court that the next two witnesses it intends to call are based in the United States of America.

"The matter is slated for continuation of trial however, we ran into a little issue in trying to bring down our witnesses, who are currently in the US.

"On that basis, we filed a motion seeking the court's indulgence to take the oral evidence of the two witnesses via Zoom or any live audio-visual devices ", Mohammed said.

Responding, Emefiele's lawyer, Mr. Hakeem Labi-Lawal said: "We

have no opposition to the motion but like to confirm from the prosecution, if this are the only witnesses left in the case ".

Mohammed explained that the prosecution still has more witnesses but are calling on the two witnesses in line with their plans for conducting the trial.

Also, when asked by the judge how the commission plans to achieve its goal since the court does not have the facility for live audio-visual facilities, Mohammed assured that the media team of the commission will handle it.

However, since there was no objection, Justice Anenih subsequently granted the application as prayed and adjourned till November 14, for continuation of trial.

Recall that the EFCC had on May 15, arraigned Emefiele on a four-count charge before Justice Maryanne Anenih of the High Court of the Federal Capital Territory (FCT), sitting in Maitama, Abuja.

Emefiele however denied the charge and was admitted to bail in the sum of N300 million.

In the four-count charge, the anti-graft agency claimed that Emefiele embarked on the naira redesign without the approval of the Board of the CBN as well as then President, Muhammadu Buhari.

Specifically, the EFCC is accusing Emefiele of approving the printing of various quantities of the new Naira notes “without the recommendation of the Board of Central Bank and the strict approval of the President, Federal Republic of Nigeria which conduct of yours caused injury to the public and you thereby committed an offence”.

The sum of N80.993 billion was given for the cost of collection, while N878.946 billion was allocated for transfers intervention and refunds.

The gross revenue available from VAT for the month of September 2024 was N583.675 billion as against N573.341 billion distributed in the preceding month.

From that amount, N23.347 billion was allocated for the cost of collection while the sum of N16.810 billion was for transfers, intervention and refunds.

The remaining N543.518 billion was distributed to the three tiers of government, with the federal government receiving N81.258 billion, states got N271.759 billion and local government councils N190.231 billion.

The Gross Statutory Revenue of N1.043 trillion received for the month was lower than the sum of N1.221 trillion received in the previous month by N177.426 billion. From the stated amount, the sum of N56.878 billion was allocated for the

cost of collection while the sum of N862.136 billion went for transfers, intervention and refunds.

The balance of N124.718 billion was distributed to the three tiers of government.

The federal government got the sum of N43.037 billion, states received N21.829 billion, the sum of N16.829 billion was allocated to local governments, and N43.021 billion went for 13 per cent given to derivation.

Also, the sum of N19.213 billion

from Electronic Money Transfer Levy (EMTL) was distributed to the three tiers of government as follows: the federal government N2.767 Billion, states N9.222 billion, local governments N6.456 billion, while N0.768 billion was allocated for cost of collection. The sum of N462.191 billion from Exchange Difference was shared also as follows: federal government N218.515 billion, states N110.834 billion, the sum of N85.448 billion was allocated to local governments, and N47.394 billion went for 13 per cent derivation.

Heirs Energies Advocates Stakeholders' Collaboration to Unlock $9.2bn Opportunities for Rural Electrification

Peter Uzoho

The Managing Director of Heirs Energies Limited, Mr. Osayande

Igiehon has called for robust collaboration of policy makers and players across the value chains of the Nigerian energy sector in order to unlock the huge opportunities in the rural electrification market which is worth over $9.2 billion.

Igiehon made the call n Lagos yesterday while speaking during a session on the last day of the Leadership Summit at this year's Nigeria Energy Exhibition and Conference.

The topic of the session was "Powering Nigeria's FutureLeveraging Gas-to-Power Solutions

for Energy Security and Sustainable Development."

giehon stated: “As industry leaders, we need to collaborate like never before to scale rural electrification through distributed solar, minigrids, and off-grid technologies.

With the potential to unlock $9.2 billion annually in solar mini-grid investments, the opportunities are immense.

"However, the challenges are multifaceted—from inadequate infrastructure and regulatory bottlenecks to financing constraints. No single entity can overcome these on its own. Only a strong partnership between the public and private sectors will deliver the results we seek".

He emphasised the need for timely

action in leveraging Nigeria’s gas resources to secure the country’s energy future and drive sustainable development.

He pointed out that by fostering strong collaboration between oil and gas upstream companies and power generation companies (Gencos), Nigeria could create a seamless value chain that fully unlocks the potential of the nation's natural resources for the prosperity of all Nigerians.

According to him, gas-to-power solutions are not just an option but are the mainstay of Nigeria’s energy future.

Igiehon added that the country was at a critical moment where the decisions made will shape the energy landscape for generations to come.

He explained: "At Heirs Energies, we believe gas-to-power offers the most reliable bridge to a sustainable energy future. While pursuing renewable energy remains essential, the reality is that a stable baseload energy supply is critical—and natural gas provides exactly that. "It offers a cleaner alternative to coal and diesel, helping us cut carbon emissions while stabilizing the national grid.

“Economically, leveraging gas for power generation is imperative. It reduces our reliance on imported fuels, strengthens energy security, and fosters a vibrant domestic gas market. This will, in turn, create jobs, attract investments, and spur growth across the entire value chain."

Over 10,000 Victims, Survivors of Breast Cancer to Receive Financial, Educational Aid

Okon Bassey in Uyo

A Non-Governmental Organization, TheSengah Foundation said plans are being initiated for more than 10,000 victims and survivors of breast cancer to receive financial and educational support to enable them cope with the condition. Similarly, arrangements have been reached to form a support community for survivors of breast cancer following the neglect and abandonment they often suffer from their spouses after a successful surgery.

Director of the Organisation, Abasiekeme Ekanem, also yesterday told newsmen during a breast cancer awareness campaign to

Dazzle International Schools in Uyo, that the project is aimed at educating girls on early signs and offering support to as many patients and survivors.

Ekanem said several orphanages and more than 500 students benefited from the programme last year while the 10,000 would be beneficiaries would be provided with educational materials and financial support in partnership with other NGOs.

On the formation of a support community for survivors, the Director explained that, "the initiative for this came from the story of a lady who although a survivor of breast cancer suffered emotional abandonment from the

husband who did not have time for her again because she had no breast again and this caused her depression.

"And so, I reasoned that if this could happen to someone and possibly other people after surviving breast cancer, then having a community of such people will go a long way in making them live a fulfilled and happy life."

She counselled the girls on early signs, symptoms and preventable measures and harped on the need for early medical checks and treatment even as many organisations are now available to offer support.

"This is important because it has been discovered that early

deaths from breast cancer are either as a result of lack of necessary information and lack of finance.

"Breast cancer knows no age so we encourage girls to once in a while examine themselves and once you detect any lump or unusual colouration of the breasts please seek for medical examination. You can also contact organisatioins like ours for support," she said.

The programme featured cash gifts to some of the students while sanitary packs were distributed to the female students. This month has been declared a breast cancer month to raise awareness on the dangers, control and management of the disease worldwide.

Abuja

L-R: Senator John Azuta Mbata; Rivers State Governor, Sir Siminalayi Fubara; and former Rivers State Governor, Sir Celestine Omehia, during the opening ceremonies of the Rivers State Judiciary's Legal Year at the Chief Judge's Special Court, High Court Complex in Port Harcourt on ...Thursday

The PDP is crying wolf where there is none, contends ALIYU ABUBAKAR IBRAHIM

KADUNA COUNCIL POLLS

It is sad and appalling that barely a few days to the Kaduna State local government council polls billed for October 19, the opposition Peoples Democratic Party (PDP) in the state has opted to muddle the political atmosphere with unsubstantiated claims. The state's political ecosystem which has been cool and serene as preparations peak for the weekend election, has been suddenly charged with the unnecessary allegations that are far from the truth by a wobbling opposition PDP.

The claim that the state assembly is planning a last minute amendment of the local government electoral laws to confer undue advantage on the ruling All Progressives Congress (APC) before the elections, has no basis in fact or truth.

However, it is gladdening to note that the Kaduna State House of Assembly has quickly and firmly denied these allegations, asserting that there is no truth whatsoever to the PDP's claims.

Chairman of the House Committee on Information, Henry Marah, who made this known in Kaduna on Wednesday, stated that no such amendment was listed in the order paper for the Assembly’s October 9 session.

The PDP, through its state chairman, Edward Masha, had alleged that the Assembly was working to amend the Kaduna State Local Government Law, 2024, just few days before the poll.

“The proposed amendment is a blatant contradiction to the local government election law, which was already amended and gazetted in July 2024,” Masha stated during a press conference on Wednesday.

The PDP chairman warned that the party would not tolerate any attempt to undermine the electoral process, accusing the Assembly of plotting to manipulate the election by altering provisions related to the declaration of results and the appointment of collation officers.

“We call on the Governor of Kaduna State, security agencies, and the general public to ensure the upcoming election is peaceful and free from violence,” Masha had said.

However, Marah dismissed the PDP’s claims, reiterating that the House had not discussed or considered any amendments related to the electoral law.

“We have stuck to our order paper, and as you can all see, there is no mention of electoral law amendments. Since the July Supreme Court ruling on financial autonomy for local governments, there has been no such discussion in the House,” Marah said.

He acknowledged that an earlier amendment had removed the use of an electronic voting machine due to logistical challenges posed by the short notice for the elections.

“The Independent National Electoral Commission increased the number of polling units across the state, and at the time, the state wasn’t prepared to procure the machines,” he explained.

What the PDP has done exemplifies a case of “crying wolf” where there is none. It is a case of fear mongering and it raises deeper concerns about the integrity and credibility of the PDP as a political force in the state.

Firstly, it is imperative to understand the context in which this allegation has emerged. The local government elections are a critical aspect of our democratic process, designed to empower citizens and ensure that governance is conducted at the grassroots level. This has become all the more pronounced

following the recent Supreme Court ruling validating the autonomy of the Third Tiers of government.

But instead of preparing to participate constructively in these elections, the PDP has resorted to unfounded claims and alarmist rhetoric. This strategy appears to be a desperate attempt to demonise the system and distract the electorate from its own shortcomings. The PDP in Kaduna, without doubt, is struggling to position itself as a viable alternative to the ruling party.

The accusations made by the PDP not only undermine its credibility, but also misrepresent the immense work being done by the current administration of Governor Uba Sani in the state that is receiving race reviews on a daily basis.

The governor's leadership style has been characterized by transparency, dedication, and a commitment to the principles of democracy and a deliberate effort to ensure inclusiveness of the people at the grassroots level. Governor Uba Sani's soaring popularity has actually condemned any opposition by whatever name called, to the political dustbin of any electoral contest in the state for now. And the PDP is well aware of this.

Rather than seeking to manipulate electoral laws for partisan gain, Governor Sani has focused on enhancing the electoral process by ensuring that every citizen's voice is heard. It is, therefore, not surprising that even members of the Labour Party (LP) led by the state chairman, and even PDP members are dumping their parties and joining the APC in droves. The LP chairman, Hon. Isah Chiroma, and the PDP Kafachan Ward B Ja’mma LGA councillorship candidate, Abdullahi Imrah, were among those who recently defected to the ruling APC.

Speaking during the flag-off campaign and presentations of flags to councillorship candidates, Hon Isah Chiroma stated that the inclusive system of governance of Senator Uba Sani and the infrastructural development in southern Kaduna motivated him to join the APC in moving the state forward.

Hon. Abdullahi said that though it is a few days until the elections, he decided to pull out of PDP and join Hon. Peter Tanko in the APC so they can work together and move the state forward. Welcoming the defectors, the deputy governor, Dr. Hadiza Sabuwa Balarabe, congratulated them for making a wise choice by joining the winning team. She assured them that they would be carried along.

She said from the turnout of the supporters, it is obvious that the APC is on track to victory in the coming election.

Ibrahim, a sociologist and public affairs analyst, writes from Abuja

JOSHUA J. OMOJUWA argues that more than one truth can co-exist in the real world

OF POLICIES, POLITICS AND THE REAL WORLD

These are not the best of times for Nigerians. I saw a post from a Nigerian skit maker where the said content creator was sending a message to former President Muhammadu Buhari’s social media account, that they miss Buhari. I thought that was interesting, especially when you consider that things got to such a point in the then president’s social media presence that the Nigerian government had to ban Twitter for several months. Today, missing Buhari is not considered out of order.

After a couple of years into President Buhari’s tenure, some people claimed they were missing his successor, President Goodluck Jonathan. It did not matter much that most voters had sent him packing out of Aso Rock when they had the chance to renew his mandate. There are those that swear that the only thing that came between then President Umaru Yar’Adua turning Nigeria into a developed country was death. As Nigeria’s challenges compound from one president to another, every president can rest assured that whatever happens during their tenure, their successor will be on hand to shift perception in their favour.

It does not take much to see why. If the country continues to do what it is used to doing, its problems can only compound. In that sense, all you need to do is maintain the status quo, handover and you will always appear better than your successor. Status quo here primarily means doing it business as usual; subsidies for instance, even if you must borrow to keep it going.

To buck that trend is to take political risks that could prove costly. Especially in a country where those who ought to lead the policy direction are quick to abandon their own ideas as soon as the first signs of its effects start to bite.

The easiest job in the world is the work of being paid to engage and criticise government and its policies and programmes. If you learn from those that play the game well, you will never go wrong.

If the government advances policy A, you can have a go at them, suggesting that they ought to do B because B worked in some country. If they then do B and it doesn’t immediately work, you can then say they didn’t do B the right way. Or on time. Or that it is not even really B. Because they did not execute it in the way you suggested they ought to. You can always use your reference country again. Context be damned.

If they do B and it works, you can take credit for it. Unlike the people who must design, apply, evaluate and reassess the policies, those whose job is to pick, point and criticise from afar will always appear to be better than those doing the job. Until they are then given the power and the office. Then, they start telling those who replaced them on the outside that, “you don’t have the full picture”. “Things are different inside”.

Everyone is playing their own game. You are either being played, or you are a player. You just must pray there are those with genuine public interest at heart. Short of that, it is a popularity contest of sort.

It also does appear like a contest of egos. Like how the same people who made endless arguments for the removal of FX arbitrage and fuel subsidies suddenly are angry about both policies. They said that both policies engender an uncompetitive system that allows for corruption to thrive. Now, they think both policies are bad. People advise you to jump, then they are shocked that you fell after making the jump. Let’s blame gravity.

They were right. That is, about those subsidies engendering an uncompetitive system. The

argument still applies. A recent United States Department of Justice criminal indictment of a Nigerian businessman comes to mind. Fuel subsidy scam and FX arbitrage scam are two of the biggest scams that were perpetrated at scale, solely advanced by government policy in Nigeria. There is no system where both exist without their correlational and causative criminal activities. You cannot suggest that citizens are free to walk naked yet hope that sexual perversion will not be on the rise. One is a gateway to the other.

When opportunity meets motivation, what’s left is capability. Trusting that people will just behave themselves, having served them free drugs and alcohol is delusional at best, wicked in a sense. If you ask corrupt

bankers which they prefer of the two policybacked scams though, they’d choose the FX scam. Because for every dollar a politician or “businessman” profited from, these bankers knew to take their cut. They generally make money from every scaled scam, but this one was the easiest of the lot. It was bazaar without noise.

The other thing about both scams is that, sometimes, the line between it being a scam and a legalised irregularity can be so thin, it becomes hard to tell the pig from man and man from pig at times — if you remember Animal Farm. But at no time in this entire chain of criminality do people not know what they were doing. Everyone knew it was an illegal party and they also were aware it was going to end at some point. Because all parties, freak-offs or holy, eventually end. Ask Diddy.

When people suggest policies, often, they never accommodate the possibility of unintended consequences. When those policies are instituted and then appear to not immediately deliver their expected results, the same people who went touring morning TV shows to advance the same policy will swear that they wanted something different, or “something a lot more robust”. Why do people find it difficult to say, “whilst things appear bad now, the policy is in the right direction. This is what we have always advocated for. That said, we are yet to see government officials themselves get to work on reducing their own allowances and other privileges”. It is a real world. More than one truth can co-exist.

is chief strategist, Alpha Reach/BGX Publishing

Omojuwa

Editor, Editorial Page PETER ISHAKA

Email peter.ishaka@thisdaylive.com

TACKLING BANDITRY IN THE NORTHEAST

All the critical stakeholders must unite to contain the criminal elements

Despite the best efforts of the military that has taken the battle to insurgents and bandits, the Northwest of Nigeria is still lurching towards chaos. Last week, the chairman of Isa Local Government Area of Sokoto State, Sharifu Kamarawa, told visiting Minister of State for Defence, Bello Matawalle, that bandits led by Kachalla Bello Turji practically run a parallel government in some communities across several local governments in the state. “The problem is in the eastern part of Isa. There are places that are still under the control of bandits. They appoint and depose village heads there,” Kamarawa said while appealing for the establishment of a military camp in the area.

Kamarawa’s portrayal of the situation in his domain is not only dire but also reveals that the response by the federal government to this festering and dangerous security situation is not enough. Bandits, who mainly operate on motorcycles, are freely roaming many of the major streets and have turned a large swathe of Zamfara, Kaduna, Katsina and recently, Sokoto States into their fiefdom. Several villages have been displaced on account of this onslaught, while economic activities, particularly agriculture, which is the mainstay of the affected region, are being paralysed.

neighbouring Niger Republic for abode and safety. Until recently, the North-west zone was a template and shining example of geo-political stability and peaceful co-existence among Nigerian communities. In the eye of the public, the zone was insulated from the security challenges to lives and property that have become the frightening badge of other parts of the region, notably the North-east and North-central zones. Sadly, while the Boko Haram insurgents are still fighting over the control of the North-east and the killings by sundry armed militia and herdsmen are yet to abate in North-central, scores of bandits are now gradually taking over the north-west, thus putting the entire northern region at risk.

Bandits, who mainly operate on motorcycles, are freely roaming many of the major streets and have turned a large swathe of Zamfara, Kaduna, Katsina and recently, Sokoto States into their fiefdom

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

Last Saturday in Kebbi State, a traditional ruler was abducted alongside his two sons and six others by bandits in Kanya, Danko/Wasagu local government area. "Yes, nine persons were abducted including the traditional ruler,” spokesperson for the Kebbi State Police Command, Nafiu Abubakar, confirmed. "One person was shot dead and three who sustained bullet wounds are responding to treatment at the General Hospital Riba." Such is the level of desperation in the Northwest that many of our citizens are reportedly fleeing to

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

Letters to the Editor

In Zamfara State, where this crisis is prevalent, bandits and other criminal elements who specialise in cattle rustling have killed many innocent people. Their bestiality now makes many people in the communities to now sleep with only one eye open out of fear of attack and abduction. As of now, the cattle rustlers have extended their tentacles to other states in the North-west, with the affected state governments and security agencies becoming helpless. Unfortunately, Matawalle has been battling his successor, Governor Dauda Lawal, with accusation and counter accusation on who is behind the banditry. That is rather unhelpful at a period when all stakeholders should unite to confront these criminal elements as common enemies.

The federal government has responded to this new danger by deploying military troops in the zone. But we are yet to see the impact. However, as we have always stated, the current culture of impunity in our country will not end until people with criminal tendencies realise that the law can, and will, always catch up with them.

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.

INCESSANT COLLAPSE

In just 24 hours, Nigeria’s national grid collapsed twice, marking the seventh collapse over the past year. These disruptions are not new; they reflect longstanding issues within Nigeria’s power sector, driven by inadequate infrastructure, maintenance challenges, vandalism, and systemic corruption. The persistence of national grid across almost all administrations that came before the President Bola Ahmed Tinubu’s administration highlights how deeply rooted the problem is.

Many ordinary Nigerians are in fact unfamiliar with the concept of the national grid. National grid is an interconnected network designed to deliver electricity from producers to consumers. The grid comprises generation stations that produce electricity, high-voltage transmission lines that carry this electricity over long distances, and distribution systems that reduce the voltage for delivery to homes and businesses.

Why does Nigeria’s national grid often collapse? Many Nigerians have come to accept that these 'collapses' are part of the country’s electricity sector.

Can Nigeria stop the frequent collapse of its national electricity grid? Certainly. Many countries have achieved reliable and efficient electricity generation, transmission, and distribution systems, pro-

OF THE NATIONAL GRID PROTECT THE CHILDREN

viding their citizens with consistent access to power. These nations have demonstrated that it is possible to overcome infrastructure challenges and create a resilient energy sector.

To achieve similar results, Nigeria should benchmark on the successes of other countries, learning from their strategies and best practices. However, it must also consider its local needs and unique challenges, such as geographical diversity, population distribution, people’s pocket, the need to support businesses and varying energy demands. An effective strategy would involve engaging local stakeholders and addressing issues like outdated infrastructure and insufficient maintenance.

With this approach, stability and reliability in the national grid can be realized. Furthermore, substantial investments in infrastructure, technology, and human resources are essential. This includes not only upgrading existing facilities but also investing in renewable energy sources to diversify the energy mix. Building a skilled workforce to manage and maintain the grid will also be crucial. Ultimately, with the right focus and investment, Nigeria can transform its electricity sector and ensure reliable power for all its citizens.

Zayyad I. Muhammad, Abuja

The Los Angeles Archdiocese has agreed to pay $880 million in response to sexual abuse claims. For a group of religious practitioners it appears they didn't read their Bibles where Matthew 18:2-6 states "If anyone causes one of these little ones—those who believe in me—to stumble, it would be better for them to have a large millstone hung around their neck and to be drowned in the depths of the sea."

How can people who are devoted to doing right including protecting children from harm do what they did? They can't. These are evil people wearing the costume and speaking the words but with blackened souls.

The $800 million will be felt but the real punishment will come when they get to the pearly gates and find they are heading downstairs because of their behaviour. Their time on earth should be spent in jail as a response to their behaviour and to prevent them doing anything more.

There are so many clergy who do so much good but there are a few that let the team down

Dennis Fitzgerald, Melbourne, Australia

Politics

Acting Group Politics Edito r DEJI ELUMOYE

Email: deji.elumoye @thisdaylive.com

08033025611 s M s O n LY

INEC: Between Progress and Criticism

Ezenwa Nwagwu writes on the need for political parties to cultivate the habit of accepting the outcome of every election instead of heaping the blame on the electoral umpire, the Independent National Electoral Commission, whenever the poll results are made public.

In my recent article on the need for political parties to introspect and reform, following the Edo State governorship poll, I emphasized that we cannot deliberately excuse the internal flaws of political parties and actions of politicians while intentionally using INEC as scapegoat for every electoral loss.

However, following the reactions that trailed that recent intervention, I have decided to reflect deeper by simply stirring a conversation that will address the ignorance that have trailed the improvements in our elections and by so doing, restore citizens’ confidence in our institutions.

As we move closer to the Ondo governorship election and also prepare for the 2027 general election, there is the need to begin to sound the note of warning early enough for parties to put their structures in place, rather than wait to blame INEC for electoral losses. People who have knowledge about this must speak up. If we don’t do that, we will then be consumed by the lies, half-truth, twisted logic, the propaganda, and the misinformation and disinformation that have become the tragedy of public commentary and engagement after every election.

My argument has always been that the election is not a one-day event. It is a process. Elections are a multi-step process that goes beyond just voting day. The voting itself is just one crucial event within the larger election process. What happens before voting day, including the behavior or misbehavior of political parties and politicians, their agents, security officials and indeed the electorate significantly influences the outcome - their victories or losses.

Unfortunately, are Nigerians paying attention to the factional and leadership crisis within many of the political parties? Sadly, one of the political parties has over a hundred cases in court over leadership tussles. How will this affect their performances in future elections, or do we just wait and expect miracle victories or blame INEC when they lose?

With that in mind, I will assess our elections by reflecting on where we started and the progress made over the past few years. I have consistently stressed that elections cannot be driven solely by emotions or miracles. Unfortunately, many Nigerians tend to overlook data and evidence. However, the available data clearly indicates that despite contrary claims, our electoral process has indeed progressed.

The challenge for us is to reconstruct our narrative in a way that single out the places where we need to improve and also highlights where things have greatly improved. Perhaps another narrative we must correct is that Nigerians often mistakenly attribute election-related issues like vote buying and violence to INEC’s oversight. However, these problems fall outside INEC’s direct responsibility and are instead symptoms of broader societal and political challenges that require a collective solution.

You know, everyone who has lost an election believes, and you hear them say that ‘this is the worst election since 1999.’ And that, for me, is scary. It is scary because it is not only a diabolical lie; it is founded on ignorance; ignorance of history, and ignorance of process. Where are we coming from?

We have had elections, and those who say our elections have not made progress, are either ignorant or clearly partisan. It is true that our elections are not perfect because, indeed, there are no perfect elections anywhere in the world. But to say we have not made significant progress in our elections is a lie we cannot continue to tolerate. After all, there are many Donald Trump supporters who still believe he won the 2020 election in the US.

Before proceeding, we should consider the following questions: Do you remember a time when election results were being announced in Abuja while people were still queuing to vote at polling stations? Isn’t it true that Nigeria has moved beyond the days when results

were fabricated inside hotel rooms or when a single person, armed with hundreds of voter cards, could vote multiple times? Haven’t we also progressed from the era of politicians snatching ballot boxes or stuffing them with ballot papers? And isn’t it equally true that, in

recent elections, we are seeing more opposition parties winning against the ruling parties? I believe clear, fact-based and objective responses to these questions, beyond partisanship or emotions, are critical and the answers would form a realistic foundation to determine if we

have made progress in our elections or not. So let’s engage objectively, factually and dispassionately, in an informed and cordial manner. As we begin our discourse, it is important to carry out a proper and dispassionate interrogation of these reforms or claims of reforms. Hence these critical questions as a guide to the intellectual discourse: What are the reforms that the current INEC has embarked on? How necessary or otherwise are the reforms, including the timing and mode of deployment? How effectively and efficiently or otherwise are the reforms being implemented? What are the exact projected gains from the reforms? What are the expected immediate, short and long term impacts of the reforms on our elections? What do you suggest that the INEC should do differently, or change entirely, if any, for better results?

For politicians, politics and elections are games. But for the Election Management Body, it’s a duty.

Only few Nigerians will appreciate the sheer scale of the logistical effort involved in organising elections across 176,000 polling units in a country with poor infrastructure and occasional security threats.

To helm, the electoral body of Africa’s most populous country is a herculean task, one that requires not only administrative competence but also the courage to face constant criticism. INEC is one institution where success often goes unnoticed, and failures are magnified.

-Nwagwu, Executive Director, Peering Advocacy and Advancement Center in Africa, writes from Abuja

NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

The House of Misplaced Priorities

The House of Representatives appears not to have gotten its bearing right with the Green Chamber now focusing its attention more on less important things, while neglecting people-oriented bills and motions that could ameliorate the sufferings of an average Nigerian. Adedayo Akinwale writes.

Ever since President Bola Tinubu declared “subsidy is gone” during his inaugural address on May 29, 2023, there hasn’t been a moment of respite for Nigerians as the current move to retool the country’s economy, albeit without a compass or a roadmap to navigate the murky waters of the fragile economy.

The Tinubu-led government had introduced several policies which the President believed would set the country on the path of economic prosperity.

However, the removal of fuel subsidy and the floating of the Naira have led to high inflation. It has also successfully eliminated the middle class in the country, while pushing more Nigerians into poverty.

The National Assembly is empowered by Section 4 of the 1999 Constitution (as amended) to make laws for the stability, peace and progress of the country through instruments such as bills and motions.

In line with this, the 10th House, tagged the People’s House has done a lot in this regard. It has even beaten records of some previous Assemblies, having received a total of 1,188 Bills; 679 motions and about 300 Petitions in one legislative session.

Having achieved this feat, it unfortunately beat the imagination of many that the House tagged the “People’s House” has suddenly turned to the “House of Misplaced Priorities”.

The macabre dance of shame of the lawmakers in the Green Chamber should be a source of concern to all lovers of democracy. Some lawmakers joyfully sponsor motions and Bills that are purely meant to create a leeway for

the politicians who might have deepened their hands in the Commonwealth of the people or even sponsor Bills for personal gratification and curry political favour.

Besides, some of the oversight functions carried out by various committees in the National Assembly were merely avenues for members of such committees to get their own share of the national cake from the Ministries, Departments and Agencies (MDAs).

Not only that, most public and investigative hearings conducted by the legislative arm and the media show they put up are just meant to get their own spoils of war from MDAs who have soiled their hands.

One might be tempted to ask, what was the outcome of the Niger Delta Development Commission (NDDC) probe; ditto the outcome of the various power sector probe; while also not leaving out the probe of National Agency for Great Green Wall. The list is endless.

When Nigerians were already thinking the 10th House might be a departure from the past, considering the number of Bills and motions passed in the first legislative year, the highly rated Assembly suddenly fell from the high pedestrian following some motions and Bills recently raised on the floor of the House.

In August 2024, the Speaker of the House, Hon Tajudden Abbas sponsored a Bill titled the “Counter Subversive Bill” which would allow the jailing of people who embarrass or disrespect government officials.

The legislation which passed the first reading at the time it was introduced sought, among other things, to criminalise certain actions deemed to be against national security and sovereignty.

The Bill includes some draconian provisions that experts believe could further stifle civic space and other democratic actors.

In the said Bill, Nigerians risk a jail term of up to two years or a fine of N4 million for any action considered to demean or embarrass a public official.

The Speaker asserted that the bill falls within Nigeria’s anti-terrorism framework and aims to address subversive activities by associations, organisations, militias, cults, bandits, and other proscribed groups in Nigeria.

Additionally, the bill proposed the death penalty for separatist activities that may lead to the death of anyone. The provision criminalising refusal to sing the national anthem generated the most public outrage.

NOTE: Interested readers should continue in the online edition on

H1 2024: Economic Turmoil Stagnates Nigeria Air Passenger Traffic

Chinedu Eze

The hope that air passenger traffic in Nigeria will improve this year has not materialise as the half year passenger traffic report showed that the sector has been stagnated by economic challenges.

Numbers obtained from the Nigeria Civil Aviation Authority (NCAA), showed that a total number of 5, 609, 146 passengers travelled between January-June.

While numbers for H1 2023 could not be accessed as at the time of filing this report, the 2024 half year air passenger traffic record is a clear indication of the distressed state of the Nigerian economy.

The NCAA), also indicated that total in-bound and out-bound international passenger traffic within the period was 1, 933, 144. This shows that while more Nigerians are travelling out of the country as aginst domestic air travel, a development some industry experts attributed to low capacity and high airfares.

Analysis of the numbers showed that from January to June 2024, Aero Contractors airlifted 376, 713 passengers; Arik Air carried 447, 403 passengers; Dana Air carried 299, 040 passengers and Overland Airways airlifted 83, 435 passengers. Also, Air Peace carried 2, 194, 476 passengers during the period,

Stakeholders

The federal government has been urged to prioritise the development of a comprehensive national policy on blue economy that will state the clear guidelines on resource management, environmental protection and private sector participation, aimed at driving economic growth of Nigeria.

Industry stakeholders made the call in Lagos recently during a one-day workshop on ‘Exploring the Potentials of Blue Economy for Sustainable Development in |Nigeria’, organised by the National Centre for Technology Management

(NACETEM), in conjunction with Federal Ministry of Innovation, Science and Technology.

In a communiqué issued at the end of the workshop, the stakeholders stressed the need for adequate investment in research and capacity building in ocean sciences, marine technology, and fisheries management to improve innovation and sustainable practices.

According to stakeholders, Nigeria has enormous potential to harness the blue economy for sustainable development. They however insisted that the potential must be explored through strategic policies; investments in innovation;

while Max Air airlifted 419, 392 passengers; Ibom Air, 587, 063 passengers; United Nigeria Airlines carried 481, 740 passengers and Green Africa carried 214, 817 passengers.

ValueJet carried 218, 448 passengers; Rano Air, 211, 243 passengers, NG Eagle airlifted 50, 182 and Azman Air lifted 26, 112 during the period under consideration.

Also, out of 1992 flights Aero Contractors recorded 740 delays; Arik Air recorded 1, 378 delays in 2, 331 flights, Dana Air, 999 in 1446 flights and Overland Airways, 696 in 1227 flights.

Air Peace also recorded 5, 350 delays in 11, 111 flights, Max Air recorded 1, 247 in 2, 297 flights; Ibom

Air recorded 1, 508 delays in 3, 879 flights; while United Nigeria operated 3, 912 and recorded 2, 439 delays. Green Africa operated 2, 368 flights and recorded 836 delays; ValuJet, 1659 flights and recorded 582 delays; Rano Air, 2, 464 flights and recorded 761 delays; NG Eagle, 567 flights with 33 delays and Azman Air operated 145 flights with 76 delays.

Further analysis showed that domestic airlines recorded a lot of flight cancelation during the period, as Aero Contractors operated 1992 flights and recorded 33 cancellations; Arik Air, 2331 flights with 32 cancelations; Dana Air, 1446 flights with 7 cancellations and Overland Airways, which operated 1227 flights

recorded 57 cancellations.

Air Peace during the period operated 11, 111 flights and cancelled 294 flights, Max Air operated 2297 flights and cancelled 23; Ibom Air, 3879 and cancelled 71 flights; United Nigeria Airlines, 3912 flights and canceled 82, while Green Africa Airways operated 2368 flights and cancelled 50.

Also, ValueJet operated 1659 flights and cancelled 18; Rano Air, 2464 flights and cancelled 14; NG Eagle operated 567 flights and cancelled 15 and Azman Air operated 145 flights but no record of cancellations.

In total, domestic airlines operated 35, 398 flights in the first half of year 2024; while international airlines

operated 7, 144 flights.

Reacting to the development, the Managing Director, Flight and Logistics Solutions Limited, Amos Akpan, said: “As the number of aircraft in operation by domestic airlines get fewer, schedules shrink, airports have fewer flights, and the domestic air traveller’s option become limited (less or no options). Domestic airlines cannot access forex to pay for turn around maintenance of their aircraft. There are fewer aircraft operating scheduled commercial flights within Nigeria now than three years ago.

maritime education and research; capacity building; and multi-sector collaborations.

The stakeholders described blue economy as the entire economic activities relating to the ocean, seas, and coasts, including renewable and marine energy, transport, engineering, fishing, and coastal tourism, as well as business and innovation ecosystems, along the shorelines.

Participants urged government and relevant stakeholders to take immediate action in developing a roadmap to unlock the benefits of the blue economy for the nation’s socio-economic growth.

In his opening remarks, the Director General and Chief Executive at NACETEM, Dr. Olushola Segun Odusanya, explained that the marine and blue economy was a well-thought-out idea by the federal government to open up new business opportunities, adding that such business opportunities for Nigerians, are all-encompassing.

According to him, there are lots of activities around the marine and blue economy, apart from extraction, tourism, and others.

“NACETEM strongly feels that those other activities will involve a lot more people, and we’ll be able to train more people on new

things that you can do with the marine environment and get many benefits that will further drive national development. It will involve processing, protecting equipment, and training, and it will also involve capacity development,” Odusanya said.

In his goodwill message, Mr. Michael Ojo, who represented the Director General, Nigerian Institute of Transport Technology (NITT), commended NACETEM for organising the workshop to spur discussion on blue economy, which he said, would create job opportunities for Nigerians and eradicate poverty in the country.

“There are lots of resources in our ocean that government and stakeholders can explore to further drive innovation and economic development,” Ojo said.

National President, Chartered Institute of Transport Administration of Nigeria (CIOTA), Prince Segun Obayendo, who was represented by Mr. Kelvin Olise, in his goodwill message, said the institute would collaborate with NACETEM in areas where transport can be developed, especially in the case of marine transport in Nigeria.

Emma Okonji

National Single Window: APM Terminals Nigeria Calls

APM Terminals Nigeria has urged the government to expedite the implementation of the National Single Window, a crucial step towards enhancing the competitiveness of Nigerian ports.

During a recent panel session titled, “Navigating Business Growth in an Era of Volatility and Uncertainty,” at the 30th Nigerian Economic Summit in Abuja, Chief Financial Officer of APM Terminals Nigeria, Courage Obadagbonyi emphasized the need for improved coordination among stakeholders within the trade ecosystem.

He stated, “While stakeholders and agencies must fulfill their statutory roles, the current practice of inspecting cargo at multiple stages by various agencies leads to delays and hampers the competitiveness of our ports. We

must move forward with the longdiscussed single window initiative.”

Obadagbonyi highlighted that volatility is a global issue, exacerbated by uniquely Nigerian challenges such as fiscal policy surrounding subsidies, foreign exchange management, and price regulations. “In today’s interconnected world, events in one region can have unforeseen impacts elsewhere,” he explained.

He referenced the ongoing ramifications of the Russia-Ukraine conflict, which has lasted over two years and has significantly affected global food supplies and inflation.

Obadagbonyi pointed out that such regulations stifle reinvestment in the country.

“Terminal operators also faced a similar situation when they were not allowed to adjust tariff for 12 years.

for Action

Barriers of this nature are factored into the cost of capital for Nigerian projects, making it challenging for global investors, who have limited resources, to fully capitalize on the investment opportunities in our market,” he said.

The panel discussion also featured insights from notable industry leaders, including Oyeyimika Adeboye, CEO of Mondelez West Africa, and Nkechi Obi, GMD/CEO of Techno Oil Limited. They focused on business strategies that can navigate the challenges posed by the current economic climate.

In a separate interview following a session on fiscal reforms, which included participation from the Minister of Finance and representatives from the World Bank, Obadagbonyi commented on the remarkable engagement witnessed at the summit.

FAAN, IATA Collaborate for Improved Passenger Experience

Stories by Chinedu Eze

The Federal Airports Authority of Nigeria (FAAN) and the International Air Transport Association (IATA) have commenced discussions on how to improve operational efficiency and seamless passenger experience at Nigerian airports.

During a recent visit to FAAN’s headquarters in Lagos, IATA’s VicePresident for Africa and the Middle East, Kamil Alawadhi, hinted that

the collaboration would ensure that Nigeria’s aviation landscape meets international standards and provides a world-class experience for travelers.

Alawadhi praised the progress made by FAAN in maintaining high standards of safety and security across its airports, remarking that leveraging digital solutions can significantly enhance passenger processing and overall operational efficiency.

He said IATA is eager to support FAAN in these areas to help meet

global aviation standards, observing that the focus should be on enhancing passenger experience which is crucial, as the aviation industry recovers from the challenges posed by the COVID-19 pandemic.

FAAN’s Managing Director, Olubunmi Kuku, said partnerships were important and emphasised FAAN’s commitment in adopting advanced technologies that would streamline airport operations and enhance security.

Zulum Commends NCAA over Improved Aviation Safety

Borno State Governor, Professor Babagana Zulum has described the safety of the Nigerian aviation sector as commendable and attributed the improvement to the foresight and leadership qualities of the the current management led by the acting Director General of the Nigerian Civil Aviation Authority (NCAA), Captain Chris Najomo.

The governor, who gave the commendation when he paid a courtesy visit to the director

general of NCAA in Abuja, said the country witnessed tremendous improvement and development in key areas of the aviation sector since the assumption of office of Capt. Chris Najomo and asserted that Najomo has ensured improved compliance with flight regulations and safety issues.

Zulum explained that despite the challenges, Nigeria continues to attract investment in the aviation sector as a result of the confidence investors repose in the regulatory

authority, adding that with the commitment of the DG and the federal government’s drive to reposition the sector for a quantum leap, the sector is set to experience astronomical growth within the next few years.

He said: “No one is and should be surprised at what is happening in the sector. On a daily basis we see developments in different aspects of the industry. It all has to do with the leadership of the civil aviation authority.”

NSIB Renews MoU with UNILAG on Science Laboratory

The Nigerian Safety Investigation Bureau (NSIB) has renewed its Memorandum of Understanding (MoU) with the University of Lagos (UNILAG) on the deployment of its metallurgical science laboratory at the Nnamdi Azikiwe International Airport (NAIA), Abuja.

The MoU signed with the University of Lagos at that time entailed relocation of some of the equipment in the laboratory to UNILAG.

Due to some logistics, the equipment had not been moved since the MoU was signed, prompting the new leadership of NSIB to renew the pact.

During the MoU signing ceremony at the Unilag Senate Building, the NSIB DG stated that the bureau would fast-track the relocation of some of the equipment in the laboratory for the use of the institution.

He stated that the initial agreement was not followed up due to some logistics reasons, disclosing that on assumption of office he met the MoU on ground,

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)

which required renewal.

“Well, the initial one was signed in 2018, like you said. And between then and now, I know there have been subsequent meetings between UNILAG and the NSIB, but there was no real follow through for whatever reasons, you know, logistics or political reasons. And when I took over, I met the MoU there needing a renewal, and I saw the lack of movement with the last MoU. So we discussed internally. We need University of Lagos expertise and other academia in Nigeria with the NSIB,” he said.

Ethiopian Airlines to Extend New Aircraft to Lagos Fleet

Ethiopian Airlines, Africa’s No 1 carrier has said it will soon introduce its newest state-of-the-art Airbus A350-1000 aircraft that offers unmatched comfort, luxury, and technological advancements to its Lagos fleet.

This is just as it marked its 78th anniversary at the 20th Akwaaba African Travel Market in Lagos.

The airline’s Sales Manager, Mrs. Adetola Alabi, disclosed this while presenting a paper titled: ‘Ethiopian Airlines, Past, Present and Future Innovations for Continued Leadership in Aviation’. She also showcased the airline’s rich history and exciting future. Alabi said that passengers

Air

WAtCh

Encomium over Nigeria-Italy Flight Route

Chinedu Eze

There was a time Alitalia, which has metamorphosed in many ways, had Lagos as its regular route.

At a point in time it was Lagos to Rome flight via Kano. That was about 10 years ago. But in 2021, the bankrupt airline operated its last flight after 74 years and transmuted to Italia TrasportoAereo (ITA).

Air Italia had brief romance with the Lagos route but since the last eight years, there has not been direct passenger flight between Nigeria and Italy.

Then comes Neos Airline, privately owned Italian commercial airline headquartered in Somma Lombardo, Lombardy that operates largely Boeing B737 and Boeing B787 aircraft to over 73 scheduled domestic, European and intercontinental destinations.

By the end of October, the airline would begin flight service between Lagos and Malpensa, Milam and would kick off with one weekly flight and later three weekly flights.

Partnering with Sky Master, which will handle its operations in Nigeria, Neos Airline will rekindle that connectivity that brought Nigeria and Italy together because there is a huge Nigerian community in Italy.

Many travel observers believe that the airline will fill a vacuum left by other airlines that operated direct flight between Nigeria and Italy, noting that there are many Nigerians in Italy who are yearning to have a direct flight between the two countries. They also observed that the new entrant would make flights to Europe more competitive, which would drive down the fares.

A senior media executive whose family lives in Sardinia, Italy, told THISDAY that it had been very stressful connecting flights through other hubs to Italy, but with direct flight, it would be easier to travel between Nigeria and Italy.

“I think the last direct flight I made to Italy from Nigeria was with Air Italy and that was in 2015, I think, but subsequently I was travelling with other airlines from other countries to connect flights to Italy. I have travelled with Turkish Airlines, Air Maroc, Etihad and Qatar Airways, but Lagos to Doha is eight hours; then three hours layover and another six hours to Rome and from Rome almost two hours to Sardinia.

That is very stressful.

“But with this new flight, it will take six hours to Malpensa, Milan and you drive to Linacre airport and connect to Sardinia. That’s a better option. So, we are happy the two countries will be connected directly again,” he said.

could expect a spacious and modern cabin with wider seats, more legroom, and a premium travel experience.

The A350-1000, Alabi informed, also features cutting-edge entertainment systems, Wi-Fi connectivity, and a quieter, smoother flight.

On the legacy of resilience and innovation, the sales manager stated that Ethiopian Airlines has been steadfast in Nigeria since the country’s independence in 1960.

She noted that despite challenging times, including the Nigerian Civil War the airline has remained committed to serving the Nigerian market.

Looking at the potential passenger traffic on the route, the former President of the National Association of Nigeria Travel Agencies (NANTA), Susan Akporiaye, told THISDAY that Neo Airline’s entrant into the Nigerian market would boost competition on the Nigeria-European destinations.

“It has opened up the European market and created more option; so, it will have to compete with Air France, KLM, Lufthansa and this will drive down the prices. Also, price will be a determining factor. Of course, there will be initial skepticism at the onset but they will be fine in the long run. They should start off with very good service,” she said.

The current NANTA President, Mr. Yinka Folami, spoke in the same vein, saying that Neos Airline will survive on the Nigerian route, noting that air travel is about connectivity; that people come from different parts of the country to travel

from Lagos to international destinations; so, the airline operating between Lagos and Milan will garner travellers to Italy and other destinations in Europe.

“There will be a market for the airline in Lagos because people come from everywhere to travel out of Lagos, but Neos will have to open connection routes to UK’s Gatwick or Heathrow Airport and US’s JFK Airport, New York and Toronto Airport, Canada. If the airline has good price they will get the passengers, but their success will be largely driven by their service. With good flight experience, the passengers will use the word of mouth to spread their good service to others,” NANTA President said.

Travel expert and organizer of Akwaaba African Travel Market, Ambassador Ikechi Uko, also said that Neos Airline has added more options on Nigeria-European destinations and shorten the distance between Italy and Nigeria, as travellers to the European nation will not go to another hub before they go to Italy; except they want to. Sky Master Managing Director, Princewill Ogbonna, expressed optimism about the flight service, knowing that there is already existing vacuum in the market, which the airline hopes to fill with efficient and competitive service. He told THISDAY in an interview that the airline operates from one West Africa destination and majority of the passengers in the flights are Nigerians, just as Nigerians constitute the larger load factor in most of the flights out of West Africa, especially Togo and Ghana.

“Nigerian’s are making other people rich and we are treated poorly. That is one of the reasons why we are starting with a strategic way of flying so that we don’t make mistakes. That is why we worked with Neos to design a strategy. Start with a 737 once a week, taste the waters and be able to encourage people to know what we have come to do. Then from the second month, we will increase to three flights a week,” Ogbonna explained why Sky Master is working with Neos Airline and expressed the determination of the airline to partner with genuine travel agents who will help to market the carrier to Nigerians.

“We want the best in the system. We want genuine travel agents to be able to sell our tickets. And also we want to be sure that the government taxes are remitted to the government directly. Not where passengers pay taxes and they are not remitted. People come with several types of technology and at the end of the day, airlines are not making the money and government is not getting their fair share and passengers are paying. That is the reason we are robustly pushing that the best system is adopted to be able to enable carriers to see their money, government gets their taxes and the passengers get the service,” he said.

The Sky Master boss said that in Neos operations in Nigeria, the airline would take one step at a time, describing the airline as a budget friendly flight operations, “where even the middle class and the low class who wants to fly can fly.”

He also disclosed that the airline is planning for cargo too because a lot of business is going on between Italy and Nigeria.

“We are looking at cargo arrangements but we are not jack of all trade. We want to be able to capture things that are relevant and are what we do and what we sell in respect to that. We are also working at expanding our relationship with other airlines going to the US and South Africa,” he said.

Campbell: Interoperability, Regulatory Harmonisation Vital to Scaling Payments across Africa

Oluchi Chibuzor

BudPay, a leading payment solutions provider for businesses across Africa, reaffirmed its commitment to financial inclusion and the scaling of digital payments within and beyond the continent.

BudPay’s Chief Commercial Officer, Unini Campbell stated this while speaking at the Moonshot by TechCabal conference during a panel discussion titled, “Scaling Payments in Africa and Beyond.”

Campbell also shared valuable insights during the panel. She discussed the company’s challenges and opportunities as it scales its operations across key African markets, including Nigeria, Ghana, Kenya, and South Africa. Campbell highlighted

the obstacles of fragmented financial systems, complex regulatory frameworks, and infrastructure gaps.

However, she emphasized that innovation and collaboration are key to overcoming these challenges and scaling payment solutions successfully across the continent.

“The most advanced platform won’t succeed without consumer trust. BudPay’s success relies on security, transparency, and user-friendliness. We design our products to align with local payment habits, such as integrating local payment methods such as mobile money and USSD in areas with limited internet access, which has significantly extended our reach. African businesses are resilient. This

Access Bank Partners SaltinGStein to Unveil

to go to a branch anymore to open a bank account.

Access Bank Plc has partnered with SaltinGTein to unveil Winbundle Airtime2Win on its digital platform that will provide customers a chance to turn airtime purchase into a potential life-changing event.

Winbundle Airtime2Win enables customers to purchase airtime via *901# and receive 70 per cent airtime value and 30 percent raffle tickets into the consumer draw, with chances to win up to N100 million weekly.

The Senior Retail Advisor, Retail Banking, Access Bank, Mr. Robert Giles, said that the partnership between Access Bank and SaltinGStein Limited is a demonstration of the bank’s commitment to rewarding its customers.

Giles said that the bank’s 901 USSD services have helped to improve access to finance.

He said: “Our 901 USSD platform allows customers to open bank accounts. So you don’t need

“You can open it from the comfort of your home. And that has enabled a much younger generation, and particularly female generation, to open bank accounts wherever they are in the country.

“It evolved further to bill payments, so you can, of course, top-up that phone that’s so important to you. You can buy data, and also you can pay for your DSTV and other services. And as we’ve as we’ve

“We have evolved in all of our banking services, we have seen that, particularly with a new and younger generation, people want to be engaged more. Simply having a phone and doing transactions is not enough. And if we look at today’s world, when we compare ourselves in the banking industry, we have to compare ourselves to big tech customers who are familiar with using social media”.

He added that the bank is pleased to be on the same page

inspires us to keep building around what works for our unique contexts. By listening to their needs, we find new ways to overcome challenges, build partnerships, and scale payment systems that meet the demands of both local and international markets,” said Campbell.

“As Africa’s tech landscape continues to evolve, BudPay is at the forefront of scaling payment solutions across African and global markets. By combining cutting-edge technology with local market expertise and fostering regulatory collaboration, we are paving the way for African businesses to transact effortlessly across borders and unlock new growth opportunities,” Campbell concluded.

Winbundle Airtime2Win

with WinBundle with the sole objective of switching utilities and Airtime payments for its customers with WinBundle’s Airtime2Win.

The Group Head, Digital Channel, Access Bank, Oluremi Tinuola Gabriel, said: “The bank is in this partnership with WinBundle because customers want more and what the bank is doing is in response to what the customers want. They stand the chance of winning upto N100M every week”.

The Chief Commercial Officer, WinBundle By SaltinGStein Limited, Ms. Stella Oshorinde, said: “If you dial *901# and select airtime on the menu, you will see items 3 and 4 for “Airtime plus raffle ticket to win up to N100M” for self and others, respectively.

“This is the future, and the future lies in the gamification of everyday utilities. This is what WinBundle by SaltinGStein represents—providing an opportunity for everyday spending to change lives.”

Providus Bank Champions Sustainable Growth in Nigeria’s Non-oil Exports

Nume Ekeghe

Providus Bank, has reaffirmed its commitment to fostering a sustainable export-driven economy.

The Managing Director and CEO, Mr. Walter Akpani, who articulated this vision in a welcome address delivered by Chief Risk Officer, Mr. Olugbile Erinwusi at the bank’s 4th Non-Oil Export Summit in Lagos, highlighted the financial institution’s strategic focus on enhancing Nigeria’s trade landscape. .

The summit, themed, “Non-Oil

Export – The Past, The Present and The Future,” builds upon the successes of previous editions held in late 2022 and throughout 2023. Akpani explained that the event serves as a platform for collaboration with key stakeholders across various sectors, including agribusiness, mining, metals and African fashion—areas pivotal to Nigeria’s non-oil export potential. He highlighted several initiatives aimed at bolstering export activities, including tailored trade support services, streamlined processing of necessary export documentation and the establishment of a dedicated export

desk for advisory and financing solutions. Notably, the bank is also implementing concessions on foreign exchange charges to enhance profitability for exporters.

Executive Director/CEO of the Nigerian Export Promotion Council (NEPC), Mrs. Nonye Ayeni, represented by Mr. Arnold Jackson, reiterated that non-oil exports could yield greater economic benefits than oil revenues. She stressed the need for Nigeria to harness its agricultural potential and bolster small and medium enterprises (SMEs) as part of its economic diversification efforts.

Afrinvest boss Loses Brother, Obaseki Condole Family

The Managing Director of Afrinvest West Africa Limited, Dr Ike Chioke, is bereaved of his younger brother, Osondu Chibuoke Chioke, alias ‘Omemgbeoji’.

A statement by the Afrinvest MD on behalf of the family, noted that ‘Omemgboji’, who was born on November 18, 1967, passed on October 7, 2024, leaving behind his wife and two young children aged 9 and 7 years.

The statement reads, “It is with profound grief and

an unfathomable sense of loss that I announce the untimely passing of my younger brother, Osondu. The unfortunate event occurred in the afternoon of Monday, October 7, at his home in Enugu State. He was 56 years old.

“The entire Chioke family, relations and many friends, colleagues and acquaintances, far and near, have been thrown into deep mourning by this unexpected tragedy. We pray for strength and fortitude at this time,

especially for Osondu’s wife, Chinenye, and his young children.”

Praying for the repose of the deceased’s soul and that of the faithful departed, the family has earmarked 31st October for the obsequies.

To condole Chioke and the family, the Edo State Governor, Mr Godwin Obaseki, led some of his friends to visit the family.

During the visit, Obaseki expressed grief over the family’s loss of a promising young man.

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).

L-R: Head, Strategy Management Office, Remita Payment Services Limited (RPSL), Chinedu Alisa; Head, Digital Assets and Partnerships, RPSL, Chika Nwogu; Executive Director, Corporate Services, SystemSpecs Holdings Limited, ukola Adeboye; Managing Director, RPSL, ‘Deremi Atanda; Head, Human Resources and AdminIstration Services, SystemSpecs Holdings Limited, Eniye Alile; and CTO, RPSL, Mujib Ishola, during the Nigeria Fintech Week 2024 in Lagos recently

Dike Onwuamaeze and Nume Ekeghe

United Capital Reports 93% Growth in Profit to N18.73bn

Kayode Tokede

United Capital Plc, yesterday announced its unaudited financial results for nine months ended September 30, 2024 with about N18.73 billion profit before tax, about 93 per cent increase from N9.72 billion generated in nine months of 2023.

From the profit & loss figures, United Capital declared N15.98 billion profit after tax, about 89 per cent increase from N8.47 billion

reported in nine months of 2023.

The company’s gross earnings in nine months of 2024 stood at N28.17 billion, a growth of 61 per cent from N17.51 billion reported in nine months of 2023.

The growth in gross earning was largely driven by growth in Fee and Commission income (+83per cent year-on-year), Net trading income (+154per cent year-on-year) and other income (+564per cent year-on-year).

United Capital’s total assets in-

creased by 36per cennt year-to-date to N1.26 trillion from N931.95 billion reported in December 2023, while shareholders’ funds grew by 27per cent year-to-date to N115.03billion from N90.71 billion reported in 2023 full financial year.

Commenting on the Group’s performance, the Group Chief Executive Officer, United Capital, Mr. Peter Ashade, in a statement said “United Capital group recorded an impressive performance in Q3 2024 despite the challenging and

uncertain business environment characterised by rising inflationary trend, volatile currency exchange rate amid the fast-changing macroeconomic landscape.

“Our performance is a testament to the resilience of our business model, strong risk management culture and effective execution of our well-crafted strategies.

“The group delivered Gross Earnings of N28.17 billion with 61per cent year-on-year growth,

Profit before tax of N18.73 billion on the back of a strong year-on-year growth of 93per cent, Shareholders’ value improved by 27 per cent from N90.71 billion to N115.03 billion.

“In September, we successfully led the historic issuance of Nigeria’s first-ever Domestic FGN US Dollar Bond, raising over $900 million and achieving an outstanding 180 per cent subscription rate. Through our focused business development initiative, we launched UCee

Microfinance Bank making the business our seventh (7th) subsidiary.” He added that, “As we proceed into the last quarter of the year, we are determined to sustain this performance with focus on delivering superior value to our shareholders. We remain committed to our vision of being the leading investment and finance hub across Africa, deploying innovation and technology to exceed client expectations.

PRICES FOR SECURITIES TRADED ASOF OCTOBER 17/24

A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager. Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.

An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the

floor of the Nigerian Stock Exchange.

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

GUIDE TO DATA:

Date: All fund prices are quoted in Naira as at 16-October-2024, unless otherwise stated.

Nuhu Ribadu: Proliferation of Illicit Weapons Exacerbates

Insurgency, Banditry, Violent Crimes

Says sizeable number of illegal arms originally belonged to government

Chuks Okocha and Linus Aleke in Abuja

The National Security Adviser (NSA), Mallam Nuhu Ribadu, yesterday, said the spread of illicit small arms and light weapons was a major threat to national security, which worsened insurgency, banditry, and other violent crimes.

Ribadu spoke during an exercise for the destruction of illicit arms at Muhammadu Buhari Cantonment, Giri, in the Federal Capital Territory (FCT).

He said a large amount of

weapons used by criminals in the country originally belonged to government, but they ended up in the hands of criminals through the activities of corrupt security personnel.

The arms destruction exercise was organised by the National Centre for the Control of Small Arms And Light Weapons, Office of the National Security Adviser (NCCSALW-ONSA).

Ribadu commended the President Bola Tinubu government for giving the centre the necessary support to ensure the safety of Nigerians.

He said, "Today's exercise is a clear evidence of that renewed resolve and marks a significant milestone in our efforts to decisively tackle the scourge of illicit small arms and light weapons in our great country."

Ribadu pointed out that a sizeable number of illicit arms being used to commit crimes in the country originally belonged to the government.

He explained that the weapons ended up in the hands of non-state actors due to corrupt elements within the security agencies.

The NSA stated, “We have to

find a way of putting a stop to this. We must, if we want to recover our country and live in peace and stability.

“The worst human being is a policeman or a soldier who will take arms from his own formations and sell it or hide it out for the bad people to come and kill his own colleagues.

“We must fight these people, but also there are merchants of death and evil from outside the world.

“The proliferation of illicit small arms and light weapons remains

15 NNPC Employees Want Judge to Recuse Self from Cooperative Dispute Suit

Director

moves to vacate contempt charge

As hearing resumed yesterday in the leadership crisis rocking the Staff Multipurpose Cooperative society of the Nigeria National Petroleum Company, NNPC Limited (NNPC), 15 defendants in the suit have brought a motion asking Justice Charles Agbaza of a Federal Capital Territory (FCT) High Court, to stay away from the suit.

They cited incidences of bias and alleged lack of ability of the court to resolve the cooperative leadership dispute.

Four aggrieved members of the Cooperative; Eze Onwuneme, Chamberlin Ajagba, Alhaji Ibrahim Yakubu and Bello Mohammed Garba had dragged the defendants to court, seeking to void the defendants'

leadership of the association.

Besides, they had filed a contempt charge against the Director, Human Resources Department of the NNPC, Fatima Yakubu, for giving the company's portal to the defendants for use in conducting the election that produced them in alleged disobedience of the order of the court.

However, at the resume hearing on Thursday, the defendants, through their team of lawyers led by Mr. Ibrahim Idris (SAN) informed the judge of a motion they have filed asking him recuse himself from the case.

"The defendants, on whose behalf the instant application is brought, have lost total and complete faith and confidence in the ability of the presiding judge in this matter to continue to entertain this suit and

serve justice without bias.

"The conduct of the presiding judge during the hearing of this suit, and particularly judging from the nature of the orders of the presiding judge so far in the suit, it only points to one impeachable conclusion that the defendants are not likely to access justice in this honourable court hence the request that the presiding judge recuse himself from further presiding over this suit," the 15 NNPC staff members added.

Citing Section 36(1) of the 1999 Constitution, the defendants noted that the court had on October 3, while there was a contention between two lawyers over who was validly briefed to represent the Cooperative Society (16th defendant), ordered one Mr. Lekan Ogunbayo to appear to

clarify who he had instructed as the President of the Management Committee of the Cooperative, to defend it in the matter.

According to the defendants: "The fulcrum of the substantive suit principally revolves around whether the tenure of the Management Committee led by Mr. Ogunbayo (which had been removed by the Congress of the Association as at then) was subsisting.

"The status quo ante bellum was that an interim Management Committee led by the 2nd and 3rd defendants as the President and Secretary, respectively, had been appointed by the Congress of the 16th defendant and indeed, had been performing the functions of their offices, hence the challenge of the said decision by Claimants before this honourable court.

Consultant Psychiatrist: Caffeinated Drinks Trigger Mental Health Challenges

Igbawase Ukumba in Lafia Consultant Psychiatrist with Federal University Teaching Hospital Lafia (FUTHLafia), Dr. Paul Agbo, yesterday said regular intake of caffeinated and energy drinks could trigger mental health challenges and suicide.

Agbo, therefore, called on residents of the state and Nigerians in general to be mindful of the

quality and quantity of such drinks before they are consumed.

The consultant psychiatrist, who is Head of Department of Behavioral and Mental Health in the teaching hospital, made the revelation while addressing journalists shortly after commemorating the 2924 World Mental Health Day in Lafia.

He also noted that depression, anxiety of self-esteem, lack of

sleep and eating disorders among individuals were factors responsible for unproductivity at various work places in the country.

He adding that such health concerns could equally make an individual to commit suicide.

The consultant psychiatrist said: "People should avoid taking substances such as caffeinated and energy drinks. The negative effect of such drinks could make

an individual to commit suicide.

"Depression, anxiety of selfesteem, lack of sleep issues and eating disorders of an individual are factors responsible for the high rate of suicide in the society."

Agbo concluded that the hospital was commemorating the World Mental Health Day 2024 in order to raise awareness of mental illnesses affecting citizens of the country including the issues of suicide.

a major threat to our national security, exacerbating issues such as insurgency, banditry and other violent crimes.”

Ribadu added, “All illicit arms, not only unserviceable, all illicit. Any weapon that is taken out there, that is through illegal process.

“We have laws that govern ownership of small arms. If you do not follow it, it is an illegal arm and it is supposed to be destroyed completely.”

Earlier in his address of welcome, Director General of NCCSALW, Deputy Inspector General of Police (DIG) Babatunde Kokumo (rtd), said over 2,400 illicit weapons, comprising a mix of unserviceable, decommissioned, and recovered arms, were destroyed during the exercise. He also revealed that the weapons were mopped up by the military, police and other security agencies across the country.

Kokumo said Nigeria will not tolerate the illegal trafficking and possession of small arms and light weapons.

He said yesterday's exercise was a testament to the federal

government’s determination to safeguard national security and foster peace across the country and the West African sub-region. Kokumo stated, "By permanently removing these arms from circulation, we reduce the risk they pose to our communities and send a clear message: Nigeria will not tolerate the illegal trafficking and possession of small arms and light weapons.

“It is also important to state that the national centre has in its custody some recovered/captured illicit SALW still undergoing tracing as well as investigations and legal processes. These include the illicit weapons handed over to the centre by the Nigeria Customs Service. These categories of weapons would be destroyed on completion of the proceedings during subsequent routine destruction exercises." He said the exercise was in line with the provisions of Article 17 of the ECOWAS Convention on small arms and light weapons as well as the UN Programme of Action to Prevent, Combat and Eradicate the Illicit Trade in SALW.

NAF Aircraft Delivers Relief Materials Donated by Tinubu’s Wife

to Borno Flood Victims

Linus Aleke in Abuja

The Nigerian Air Force's (NAF), C-130 Hercules aircraft yesterday delivered essential relief materials to flood victims in Borno State, as part of its continued commitment to provide aid to civil authority.

A statement by Director of Public Relations and Information, Nigerian Air Force, Air Commodore Olusola Akinboyewa, said the relief supplies donated by Nigeria’s First Lady, Sen. Oluremi Tinubu, under the Renewed Hope Initiative, were airlifted by the NAF' platform from Abuja to Maiduguri.

The supplies, he said comprised food items, clothing, sanitary essentials as well as toys for children.

According to Akinboyewa, "These critical resources will provide much-needed succour to affected communities in Maiduguri, that were devastated by the 10 September flood disaster.

"The relief materials were received by senior NAF officers, led by the Air Component Commander, Operation HADIN KAI, before being handed over to the Borno State Government for distribution to the flood victims".

This mission, the NAF spokesperson said highlighted the NAF's dedication to providing timely humanitarian assistance, particularly in regions severely impacted by natural disasters. He recalled that in addition to ongoing airlift missions, the NAF also launched a medical outreach programme to support flood victims and provided food for over 2,000 Internally Displaced Persons during the crisis. Akinboyewa said the collaboration between the First Lady's office and the NAF demonstrates the significance of collective effort to alleviate the suffering of those affected by the flood in Borno State.

Alex Enumah in Abuja

L-R: Director, ICT, Defence Intelligence Agency, Brig. Gen. Solomon Emmanuel; Special Assistant to the President on ICT System and Digital Skills, Mr. Barshir Shuabu; Chairman, Board of Directors, Central Securities Clearing System (CSCS), Mr. Temi Popoola; Director General, Office of the National Security Advisor to the President, Sa'ad Abubakar and Managing Director, CSCS, Mr. Haruna Jalo-Waziri, during the 2024 CSCS Cybersecurity Conference in Abuja...yesterday PHOTO: ENOCK

LASG ALERTS RESIDENTS OF OGUN RIVER BANKS OF WATER RELEASE FROM OYAN DAM...

L-R: Director Water Resources, Office of Drainage Services, Engr. Adisa Yinusa; Permanent Secretary, Office of Drainage Services and Water Resources, Engr. Mahamood Adegbite; Honourable Commissioner for The Environment and Water Resources, Mr. Tokunbo Wahab; and Permanent Secretary, Office of Environmental Services, Gaji Omobolaji, during the Media Briefing on the Release of Water from Oyan-Dam by the Ogun-Osun River Basin Development Authority, held on 17th of October, 2024, at the Lagos State Ministry of The Environment and Water Resources, Ikeja, Lagos, on Wednesday

Impeachment: Senators Pass Confidence Vote in Akpabio

House’s support for Abbas unquestionable, says deputy spokesperson

Sunday Aborisade and Juliet Akoje in Abuja

Senators at plenary, yesterday, passed a vote of confidence in the leadership of the Senate led by

its President, Godswill Akpabio. At the same time, the Deputy Spokesperson of the House of Representatives, Hon Philip Agbese, has pledged the readiness of his colleagues to continue to

support the Speaker, Tajudeen Abbas, in his quest of leading the 10th House to deliver on its Legislative Agenda.

The Senate resolution followed a motion by a former

Senate Leader, Senator Yahaya Abdullahi, who raised a point of order to draw the attention of his colleagues to a news report, which indicated that northern senators were plotting to impeach

NGE, Imo, UNICEF Engage Editors on Challenges in S’East, S’South

The Nigerian Guild of Editors (NGE), in collaboration with the United Nations Children’s Fund (UNICEF) and Imo state government, is organising a two-day workshop to strengthen the media's role in driving regional development.

The programme, which is holding in Owerri, the Imo State capital, between 23 and 24 October 2024, according to statement signed by the NGE President, Mr. Eze Anaba and the General Secretary, Dr Iyobosa Uwugiaren, yesterday, it said, underscores the media's vital role in spotlighting the socio-economic, political and environmental challenges in Nigeria’s South-East and SouthSouth geopolitical zones.

“The 50 participants at the workshop are senior editors and media executives drawn from print, electronic,

and online media, alongside the guild members employed by governments across the nine states of the South-East and South-South zones of Nigeria.

‘’Faced with a complex set of socio-economic and environmental challenges, including high levels of poverty, infrastructural deficits, environmental degradation, and socio-political conflicts, we strongly believe that the media has the capacity to play a vital role in mitigating the socio-economic and environmental challenges by raising awareness.

“This include informing the public about pressing issues; amplifying marginalised voices, and providing information on social services, policies, and programmes,’’ the editors added.

Commending the Imo state government and the UNICEF for collaborating with the NGE on the

project, the professional body of editors and media executive in Nigeria explained that the media’s impact in socio-economic and environmental issues remains huge.

The organisation noted that these include influencing public opinion and policy; mobilising community action; providing a platform for marginalised voices; facilitating dialogue and debate and holding power holders accountable.

‘’The media can robustly engage the challenges through collaborative reporting; data-driven journalism; social media engagement; investigative journalism and solutions-focused reporting.

‘’By adopting these strategies, the media can effectively contribute to addressing the socio-economic and environmental challenges,’’ the NGE

statement said.

The workshop, which will be chaired by a renowned mass communication scholar and Deputy Vice Chancellor, Paul University, Awka, Prof Stella Okunna, according to the NGE, will feature presentations by experts and stakeholders.

‘’The workshop is expected to equip participants with enhanced skills in engaging and reporting on the socio-economic and environmental challenges in the region.

‘’It will also empower them to create narratives that address the needs of vulnerable populationsparticularly children- and collaborate with UNICEF and other stakeholders to spotlight child-focused issues that when addressed, can improve overall regional development outcomes,’’ the statement added.

FCT Activates Cholera Emergency Operations Centre

Onyebuchi

The Federal Capital Territory (FCT), through its Public Health Department (PHD), has activated the Cholera Emergency Operations Centre, as part of surveillance and preparedness measures to handle any cholera outbreak in the FCT.

While activating the Cholera Emergency Operations Centre over the weekend, the Permanent Secretary of the FCT Health Services and Environment Secretariat, Dr. Baba Gana Adam said the activation became necessary in light of the number of reported cholera cases across Nigeria’s 36 states. He noted that as an emerging city, the FCT is at risk of cholera and is taking proactive steps to prevent and contain the spread of the disease in the event of an outbreak.

The Permanent Secretary assured that the Secretariat would spare no resources or efforts to prevent a cholera outbreak in the FCT.

He directed that all relevant stakeholders be involved to develop effective, reliable strategies to prevent the disease.

Following this directive, the FCT Public Health Department organized a Cholera Update meeting, bringing together key stakeholders to discuss the cholera situation in the FCT.

The meeting included mapping high-risk areas and defining the roles and responsibilities of each stakeholder in addressing the situation.

Regarding the FCT’s preparedness for a potential outbreak, Dr. Gadzama highlighted several measures that had been in place even before the first cases were recorded.

These include the identification of high-risk areas (which have been placed on red alert), public education and awareness campaigns, training for healthcare workers, and the establishment of a Cholera Incident Management team consisting of relevant stakeholders.

Gadzama further explained that cholera is an infectious bacterial disease caused by Vibrio cholerae, which spreads through contaminated food, water, and faeces.

He stressed the importance of addressing environmental factors in controlling the disease and mentioned the active engagement of the Abuja Environmental Protection Board (AEPB) in cholera control efforts.

Earlier in the meeting, the FCT State Epidemiologist, Dr. Lawal Lukman Ademola, emphasized, “Cholera is primarily associated

with a lack of potable drinking water, poor sanitation, and poor food hygiene. Addressing these issues will significantly reduce the risk of cholera outbreaks.”

He added that the government, individuals, and communities all have important roles to play in implementing preventive measures.

With the confirmation of two cases in the FCT, Dr. Ademola explained that the FCT Public Health Emergency Operations Center (FCTPHEOC) is now in response mode and will continue public awareness campaigns on the prevention, early detection, and reporting of not only cholera but also other diseases such as Mpox.

He said the campaigns will be conducted through community engagements using appropriate channels and media.

Akpabio. Abdullahi, who is representing Kebbi North Senatorial District, denied his involvement, or that of any member of the Northern Senators Forum in the alleged plot.

He said, “I am senior member of the Northern Senators' Forum and I can assure you that there is no attempt by any caucus among the northern senators to bring discord or any attempt to challenge the unity of what you are doing in the Senate.

"My privilege has been breached. Anybody trying to bring division across any regional line is undermining the progress of our democracy and undermining the capacity of this institution to deliver to deliver in the presence of governors of this country.

“Therefore, we must rise and get united under the leadership to ensure that this kind of discourse is completely negated, so that the kind of unity that we have forged in the last 18 months can be sustained and fully accomplished.”

Agbese, who lauded the speaker’s ‘humility’ stated that his legislative intelligence and

resolve to carry members along regardless of party affiliations was responsible for the unity in the House.

The lawmaker while briefing journalists noted that though lawmakers in the House were elected on the platform of eight different political parties, the unity in the legislative chamber was non-negotiable.

“People have asked me the secret to the unity in the House but what I tell them is this: ‘The Speaker of the 10th House of Representatives is a humble leader, whose kind is very rare in this part of the world. We are fully behind him because his leadership is infectious.

“Unlike what obtained in the past where members were divided along party lines, we are one in our determination to make governance count for Nigerians.

“All lawmakers whether they came to the House on the platform of APC, PDP, APGA, LP, SDP, ADC or YPP are unanimous in their belief that through effective legislation, our people back home can be happier than they are today."

House Passes Independent Candidacy Bill for Second Reading

Adedayo Akinwale in Abuja

The House of Representatives has passed the Independent Candidacy Bill for second reading.

The bill, titled "Constitution of the Federal Republic of Nigeria, 1999 (Alteration) Bill, 2024” was sponsored by Hon. Akin Rotimi.

The bill seeks to alter the Constitution of the Federal Republic of Nigeria, 1999 (As Amended), to provide for independent candidacy.

This crucial legislation, which is a legacy bill from previous assemblies, was reintroduced for consideration following its first reading on Thursday, September 26, 2024.

In a statement issued Thursday, Rotimi said the

bill would expand Nigeria's democratic space. He said: “Today, the bill was recommitted to the House Committee on Constitution Review for further comprehensive consideration and legislative action.

“This legislative action is pivotal for the continued evolution of our democracy. It recognizes the constitutional significance of offering citizens the option to run for public office independently, thereby ensuring greater inclusivity.

“This recommittal, serving as the second reading, followed a motion moved by Rep. Isah Bello Ambarura (APC, Sokoto), Deputy Chairman, House Committee on Rules and Business, and seconded by Rep. Akin Rotimi.”

Ezigbo in Abuja

2024 CAREER WEEK PROGRAMME...

L-R: Permanent Secretary, Civil Service Commission, (CSC), Mr. Akinbode Obadina; Commissioner I, CSC, Mr. Adesina Odeyemi; Commissioner II, CSC, Hon.

Urban Development, Dr. Olajide Babatunde; Chairman, CSC, Mrs.

Career Week Programme... recently

Former Presidents Obasanjo, Jonathan Task Judiciary on Political Stability

Warn democracy is wobbling, seek apex court's review of judgement affirming sack of political party's national chairmen by ward

Alex Enumah in Abuja

Two former presidents, Chief Olusegun Obasanjo and Goodluck Jonathan, have called on the judiciary to halt the present political crisis in the country,

before it derails democracy. They made the call in Abuja, while delivering their speeches as Chairman and Co-Chairman, at the 67th Birthday celebration and 50 Books Presentation of Prof Mike Ozekhome, SAN.

While Obasanjo acknowledged the political turbulence the country was experiencing and said, "there is much to say but there is not yet time for it", Jonathan on the other hand warned that Nigeria's democracy is

"like a cone turned upside down" and would be injurious to as many who step on it.

Jonathan pointed out that with the way things were going, "especially judgements relating to political cases"

WORLD BANK TO FG: CONDUCT AUDIT TO RECONCILE WHAT NNPC OWES FEDERATION

in governance. But certainly, it is good, and I appreciate that I'm invited here so that you will know the other side of the story.

"Yes, when the reform was started, the sub-nationals supported the president and the presidency, because we knew that we had to do something. And there were two things, subsidy removal and deregulation which would bring more revenues, which would make us move away from the obnoxious policy of patronage, of arbitrariness and so on and so forth.

"Governor Cardoso (CBN governor) has spoken about the orthodox system. Yes, we can go through the orthodox system to achieve economic growth. Are we achieving them? Yes, he spoke about inflation. That means the

come together and create a favorable business environment for the expansion of goods and services, from digitalisation to access to specialists," he said, pointing out that "Nigeria's financial sector is one of the most sophisticated in Africa, showing remarkable resilience in recent years."

He also emphasised Nigeria's population as Africa's largest, saying the nation's "strategic advantage is not solely based on being the largest ICT market or the most populous nation in Africa" but also on the creativity and knowledge-sharing of the youth population, which he described as the real engine of the nation's economy.

The Vice President further recalled that though the COVID-19 pandemic led to serious global economic downturn, it inspired Nigeria to diversify its economy and strengthen partnerships that have positioned the nation as a pillar of the global economy.

Identifying gender equality as another area of priority, Shettima said Nigeria was working hard to close the gender gap, particularly in STEM fields where women's participation was critical to driving innovation and economic growth,

macroeconomic policies that are creating inflation should be looked into.

"I want to say with humility that there is a lot of pain, a lot of hardship that is beyond the sub-nationals.

"We didn't bring these policies, the revenues that are coming are not enough to address the cost of infrastructure, to develop or improve livelihood. There is hunger, and the policies on agriculture, on manufacturing and so on and so forth are not yielding the required fruits.

"And I believe we should not be dogmatic and stand on the files of policy and academics. I find the report too academic. We should go back to the basics.

"Nigerians are not enjoying the regime across the board, not only the federal government, including

citing the World Economic Forum declaration that improving gender parity could add $229 billion to Nigeria's economy by 2025.

On MSMEs, he described them as the backbone of Nigeria's economy, accounting for 96% of businesses and over 84% of employment.

"Yet, they face significant challenges, including limited access to capital and markets. Swedish companies and investors can play a crucial role in helping Nigerian MSMEs overcome these barriers, particularly through access to technology and expertise in renewable energy, agriculture, and digital finance," he added.

For Nigeria's digital economy, Shettima said it is one of the fastestgrowing sectors in Africa, contributing significantly to GDP, with the nation's fintech ecosystem, led by companies such as Flutterwave and Paystack, attracting global attention, "with Nigerian tech start-ups receiving over $1 billion in funding in 2022."

He urged the Swedish investors to deploy their expertise in technology and innovation to collaborate with Nigerian start-ups, driving growth and creating jobs, even as he stressed

the states and local governments.

"Therefore, the onus rests on you, Minister of Finance, and the managers of the economy come up with a budget programme, with economic policies that will reduce hardship."

In response to a question what the states were doing with increased FAAC allocations since the removal of subsidy Mohammed said the money was not enough for recurrent expenditure and provide infrastructure at the same time.

"The money that we are sharing is not enough. How much were we getting before? We spoke about the past, and the use of Ways and Means. Yes, it's good to exit from that policy. But then what are you doing to make sure there is less hunger.

"The report (NDU) spoke about employment and wages, how many

that the partnership between both countries can accelerate this transition.

On agriculture, he said while Nigeria was working to modernise the sector, Swedish expertise in agriculture technology could assist the nation in achieving this through investments in precision farming, mechanisation, and value-chain development, with a view to improving productivity and food security.

Earlier in his welcome address, Chairman, Partner & Head of Advisory, Epicenter, Sweden, Edgar Luczak, noted that the future is digital and sustainable, assuring that the Epicenter was ready to engage not just in words but in action.

According to him, through collaboration, both countries could build a stronger economy, create jobs, and most importantly, ensure a future for the generations to come.

"We hope we can take this opportunity to launch an accelerated programme that will not only follow in the footsteps of our other excellent programmes that we do with the likes of Google, Microsoft, Singapore, and other countries but create our own path to support Nigeria in its unique

percentage of Nigerians are even employed? Most of our people live in the informal sector. We should look at how we can make them employed. The purchasing power has dwindled beyond your imagination.

" Yes, we need the reform. One of the lead economists said that there is this perception of compromise or conspiracy, yes, that is it. But you have to do your job. I agree with you, with all the numbers, and all the data you doled out.

"These policies are not working, review them, and let us have food on the table. I know you have the capacity and the knowledge; we look up to you. States are loyal. We'll follow you, but please, let us not go into blackmail, where we seem to be collecting money and doing nothing.

growth," he further said.

Director of Gluwa, a digital wallet service, Mr Akinola Jones, said as part of its contribution to the Renewed Hope Agenda of the Tinubu administration, the company would train over 30,000 people in digital skills.

Jones said they had already started training about 1,000 people in Jigawa state, adding that they were committing $100 million across Nigeria.

His words: "We have a big vision for Nigeria, and I think our vision is banking the unbanked and connecting the unconnected. We see a situation where, once we launch our satellite in December this year, we can connect direct satellite to WiFi. This is going to be a very big win for Nigeria and a very big win for the technology ecosystem.

"We have given about $100 million in loans. It is not just about disbursing loans, it is not just about trying to grow portfolios, it is really about giving back. We are pushing for a lot of impact, and we are also working with the government and presidency to train people on digital skills," he said.

the country's democracy is heading for the rock.

"When I listen to people like Olisa Agbakoba, I feel sad that democracy has gotten to that level" he said, adding, "people in the bench should

“Yes, we will implement the minimum wage, which you agreed. But what is the volume of revenue we are getting? Can we do it, and if we do it, do we have anything left for infrastructure?

"What about power, the tariff is beyond the reach of the common man. We are living with these people. We are at the risk of being lynched. Let us not stay in Abuja and say how the reforms are working. With all humility and modesty, they're not."

Mohammed's position on Nigeria’s economic reforms not working was however, countered by the Chief Economist of the World Bank, Indermit Gill, who said despite the negative impacts, the reforms would launch Nigeria into economic prosperity and stability in the long run.

Also speaking, the Managing Director of Ericsson Nigeria, Mr. Peter Olusoji Ogundele, revealed the company's plan to build a technology hub worth about $19 million in Nigeria.

"Nigeria has enough youths that can come into that field. We can train them, Ericsson will also take part in it, and some of them we can export to the world, and we will be like another India.

"Ericsson was the first to have over 1,000 sites in Nigeria and continues to invest in the country. We have been here since 1978, and for us, our partnership is an enduring one," he said.

On her part, Regional Director, North & West Africa, Energy & Transport Lead, Ms Anthonia Huard, said Nigeria has become the country's focal point in Africa for optimal engagement.

"In order to be efficient in Africa, the organization focused on prioritizing markets of which Nigeria is one and matched the areas of focus of Sweden to the needs and focus of the countries for optimal engagement," she stated.

not be carried away by political antics."

The former president, who advised lawyers and judges to take a cue from the positive political cases from many countries of the world, lamented that Nigerian courts were filled with preelection and election cases and such was not a good sign for the country's democracy.

He claimed that the foundation of the current political crisis rocking major political parties was laid on a judgement where the court held that a "ward can expel a national chairman.”

Jonathan who observed that the judgement was an aberration to natural justice said since the judgement was delivered, instability was created in the nation's political environment.

"PDP is in crisis because of that judgement. I have never seen a situation, where a sub unit can discipline the head. We are saying that a ward chairman can discipline a national chairman?

"I am pleading with the Supreme Court to review that judgement to stabilise the country's politics. The political system is wobbling because of that judgement," Jonathan claimed.

The Director, Project Accelerator, of Swedfund, Mr. Hakan Danhltor, expressed the organisation's commitment to reducing poverty and supporting sustainable development through investments in the private sector and in local private companies. For her part, Mikaela Edstrom of the Swedish Export Credit Agency said the agency was closely watching the ongoing economic reforms taking place in Nigeria and views them as positive for the future.

"We can, together with our sister organization, provide a world-class export credit system for Nigeria," Edstrom pledged.

The Vice President also held bilateral talks with the Minister of Foreign Affairs, Maria Malmer Stenergard and Deputy Prime Minister of Sweden, Ebba Busch. These discussions focused on strengthening ties and exploring new areas of cooperation between Nigeria and Sweden. He equally visited the Royal Palace, where talks centered on deepening cultural ties and reinforcing the partnership between the two nations.

Kamal Olorunoje; Special Adviser, E-GIS, Office of

Olubunmi Fabamwo; Commissioner III, CSC, Mr. Babatunde Seriki; and Commissioner IV, CSC, Hon. Hodewu Suru-Avoseh, during the Y2024

COURTESY VISIT ...

Ogun River Flooding: Relocate in Your Own Interest, Lagos Warns Residents

Segun James

Following the imminent over flowing of the Oyan Dam on the Ogun River, Lagos government yesterday warned residents and property owners on the banks of the Ogun River to be ready to relocate to higher grounds, saying the Ogun-Osun River Basin Development Authority (OORDBA) will commence a staggered release of water from the dam.

Addressing the media during a briefing at Alausa, Ikeja, the Commissioner for Environment and Water Resources, Mr. Tokunbo Wahab, said Lagosians needed to be alerted on the commencement of release of water to maintain the sanctity of the dam and its socio-economic implications

Ododo Presents 37 SUVs to High Court Judges

Ibrahim Oyewale in Lokoja

In line with the fulfilment that the present administration would continue to prioritise the welfare of Kogi State Judges and the staff of the judiciary, the state Governor, Usman Ododo, has presented a total of 37 SUVs to the newly elevated Judges in the state.

The governor disclosed this at the presentation of the four additional vehicles to the Chief Judge of Kogi State, Justice Josiah Majebi, at High Court premises in Lokoja yesterday.

The governor was represented by the state Attorney-General

and Commissioner for Justice, M. Y Abdullahi (SAN), who stated that these are in addition to the 33 SUVs earlier presented by the state government.

The governor commended the Judges and state judiciary workers, describing them as an engine room that has made the Kogi State safe.

Ododo assured the Judges of the continued cooperation and support of the executive arms of government to come to the aid of the judiciary.

He pointed out that this is just the beginning, noting that the government will not renege on all the promises.

FG Reassures Nigerians of Brighter Future

Kuni Tyessi in abuja

The federal government has reaffirmed its commitment to a brighter future for all Nigerians, pledging continued efforts to lift millions out of poverty.

Speaking at an event organised by the Ministry of Humanitarian Affairs and Poverty Alleviation in collaboration with the Solidarity Empowerment Club (SEC) to mark the International Day for the Eradication of Poverty, the Permanent Secretary of the Ministry, Abel Enitan, reassured Nigerians of the government’s dedication to creating opportunities for all.

for the state.

He said it is crucial to understand that the dam’s annual operations are informed by real-time hydrological data,

rainfall predictions from the Nigerian Meteorological Agency (NIMET) and flood outlooks from the Nigeria Hydrological Services Agency (NIHSA), emphasising that these sources guide the water release decisions to ensure both flood control and the integrity of the dam.

Rescue Nigeria’s Judiciary Now, Niger Delta Activist Urges Tinubu

Sylvester Idowu in Warri

A Niger Delta-born human rights and peace advocate, Mulade Sheriff has urged President Bola Tinubu to rescue the independence and integrity of Nigeria’s judiciary. He emphasised the importance of the judiciary as a pillar of democracy and the last hope

of the common man.

Mulade in a statement made available to journalists in Warri yesterday expressed worries over recent contentious judgement in some of the courts.

Appealing to Tinubu to restore confidence in the judiciary, he said: “Mr. President, it has become necessary to formally appeal to you to salvage our judiciary

which is the core of society and democracy.

“A fair and independent judiciary ensures fairness, equity, and justice for all Nigerians. Without it, our democratic system is at risk of crumbling under the weight of political interests.”

He lamented that Nigerians were deeply worried about some recent judgments that have created

confusion, chaos, and threatened to erode the reverence and trust in the justice system. According to him, “Nigeria’s judiciary has been the beacon of hope, not just for Nigerians, but for the African continent. However, political interference and vested interests are putting our judicial integrity under severe pressure.

EDSG, Okpebholo’s Teams to Hold Inaugural Joint Transition Committee Meeting

The Edo State Commissioner for Communication and Orientation, Chris Nehikhare has disclosed that the inaugural joint-session of the Transition Committee for the Edo State Government and incoming administration will hold today, Friday, 18th of October 2024.

Nehikhare said the primary

objective of the joint meeting scheduled to hold at the John Odigie Oyegun Public Service Academy (JOOPSA) is to facilitate a smooth handover of government. He said: “I want to let the media know that we have received the names of the All Progressives Congress (APC)

Transition Committee members and are pleased to announce to Edo people that we have scheduled the joint inaugural meeting for Friday October 18th at 10 am. The meeting will take place in JOOPSA.”

According to him, “The primary objective of the committee is to facilitate a smooth handover of government. We look forward to the collaboration of all members in ensuring a seamless transition. This is the first time Edo State is going through this kind of transition from one party to another. We have to set the protocol to make sure everything is done right.

HOMEF Tasks Rivers Stakeholders on Environmental Justice

BlessingIbungeinPortHarcourt

Stakeholders in Rivers State have been tasked on environmental justice in their various communities and to ensure that sources of climate crisis are maximally reduced.

The task was given by the Health of Mother Earth Foundation

The event, which was held under the theme “Ending Social and Institutional Maltreatment, Acting Together for a Just, Peaceful, and Inclusive Society,” emphasised the government’s efforts to combat poverty through various programmes.

Mr. Enitan highlighted initiatives under the Renewed Hope Agenda, including job creation, youth empowerment, and the provision of skills training.

Represented by the Ministry’s Director of Reforms Coordination and Service Improvement, Odii Ndubisi Barry, Mr. Enitan said together we can transform the society, uplift the impoverished, and pave the way for a brighter future for all Nigerians.

2025: YPP Elects New Party Leader in Anambra

David-Chyddy Eleke in awka

Anambra State chapter of the Young Progressives Party (YPP) has elected Dr. Chinedu Umeadi as the leader of the party in the state.

A statement issued and signed by the Anambra State chairman of the party, Mr. Moses Obi, and made available to journalists in Awka yesterday announced that Umeadi was elected at an extraordinary State Executive Council meeting of the party.

Obi said the meeting was also attended by the chairman of the

party in the 21 local government areas of the state and their secretaries. The election of the party leader may not be unconnected to next year’s governorship election in Anambra State. Late Senator Ifeanyi Ubah had contested for governorship on the platform in 2021, and had remained the leader of the party until he left the party.

The statement announcing Umeadi’s election read: “The extraordinary executive council meeting was held on October 11, 2024, at the party’s state secretariat in Awka.

(HOMEF), yesterday, at a one-day capacity building workshop on environmental monitoring, held in Okrika town, Okrika Local Government Area of the State.

The workshop, which witnessed participants from Ogu/Bolo, Port Harcourt, Fiberesima, Dumo-Ama, Angugu-Biri, Bulome-Biri, EderemeBiri, Awolome-Biri, Adedeme-Biri, Ngeme-Biri and Amanongo-Biri, focused on educating the people of the area on their right to a healthy and pollution free environment.

THISDAY observed that participants at the workshop were trained on how to build community centered network to advocate for justice and ensure that the Okrika populace gets the good life they yearn for.

Speaking with journalists at the event, the HOMEF Programme Manager, Mr. Stephen Oduware, called for an end to gas flaring, oil pollution which he identified as major challenges confronting the people.

Nigerian Women Entrepreneurs Set to Take Centre Stage in E-commerce

Mary Nnah

The Association of Nigerian Women Business Network (ANWBN), a coalition of 75 women-based and led associations with over four million members, has launched an ambitious drive to empower women entrepreneurs in Nigeria’s digital economy, preparing them to take centre stage in e-commerce.

Speaking at the ANWBN Annual Summit 2024 tagged: Future-Ready Entrepreneur: Skill up to Scale up, National Coordinator, Mrs. Angela Ajala, emphasised the importance of digital skills.

“We started digital training because we believe that women, in our communities and on social media, often lack knowledge on utilising their phones effectively. This training aims to bridge that gap and unlock new opportunities,” she said.

Nineteen Bag Distinctions, 256 First Class at the

Hammed Shittu in Ilorin

About 19 graduands of the University of Ilorin, Kwara State, would be awarded with distinctions while 256 would also bag First Class honours in the forthcoming

39th convocation of the institution.

The event is slated between October 17 and 27, 2024, on the main campus of the institution in Ilorin.

Speaking at a news conference in Ilorin yesterday,

Mrs. Ajala noted that the e-commerce platform would enable women to sell goods internationally, earn income and combat inflation. “Anybody who’s not earning a dollar next year will face challenges due to the current inflation rate,” she warned.

39th Unilorin Convocation

the Vice Chancellor of the institution, Professor Wahab Olasupo Egbewole (SAN), stated that: “Out of the 19 graduands that would bag distinctions, 18 of them are from the Pharmacy department while one is from

Physiotherapy department.” The vice chancellor also said that 3,842 graduands would bag Second Class (Upper Division), 6,178 Second Class(Lower Division), 1,299 with Third Class and 62 with Pass.

Niger Sets Up Price Control, Monitoring Board

Laleye Dipo inMinna

Worried by the increasing prices of essential and none essential commodities in markets across the state, the Niger State Government has set up an eight-man Price Control and Monitoring Board to mitigate the situation.

The board is headed by a former Permanent Secretary, Alhaji Hussain Ahmed, while the former state Statistician-General will serve as the secretary of the board. Other members of the board are Alhaji Hamza Sarki Bello, Permanent Secretary, Investment’ Alhaji Aliyu Abubakar, Permanent

Secretary, Local Government and Chieftaincy Affairs; Alhaji Garba Abdullahi of the Ministry of Basic Education; Alhaji Adamu Maikasuwa, Ministry of Agriculture, as well as Deputy Commissioner of Police, Aminu Garba, and Alhaji Aminu Ladan, chairman of Chanchaga Local Government Area.

Inaugurating the committee in Minna yesterday, the Secretary to the State Government (SSG), Alhaji Abubakar Usman, said the establishment of the board “marks a significant step in the state’s commitment to ensuring fair pricing and consumer protection.”

L-R: Vice President, Finance & Investment, Lagos Council of the Boys Brigade, Mr. Gbolaga Ajayi; Vice President, Training & Extension, Very Rev. H. S. A. Osindeinde; President Emeritus, Mr. O. P. A. Ladega; Governor Lagos State and Patron, Lagos Council of the Boys Brigade,Mr. Babajide Sanwo-Olu; President, Elder U. K. Eke; Vice President Administration & Projects, Mr. Adedeji Sebiotimo, and Chairman, Oshodi Battalion of The Boys’ Brigade, Mr. Samson Soyemi, during a visit to the governor in Lagos…recently

BRT Driver Denies Raping, Murdering Bamise

Wale Igbintade

A Bus Rapid Transit (BRT) driver, Andrew Ominikoron, standing trial for the murder of 22-year-old fashion designer, Oluwabamise Ayanwole, yesterday told a Lagos State High Court that he neither raped nor killed the deceased.

Ominikoron, who opened his defence before Justice Sherifat Sonaike, said that on February 26, 2022, he informed the court that he was on an afternoon shift, which he resumed by 1.00 p.m and his route was from Oshodi to Ajah, testified that he became a bus captain of BRT in September 2021.

He said that he made a round trip and went on the second trip back to Ajah; it was already around 7.00p.m and 8.00 pm, so he couldn’t continue working but decided to illegally pick passengers while going back to Oshodi.

The defendant is standing trial bordering on rape, conspiracy, felony, sexual assault, and murder brought against him by the Lagos State Government.

According to the charges, the incident occurred on February 26, 2022, around 7.00 p.m, near the Lekki-Ajah Conservation Centre, Lekki-Ajah Expressway, Lagos.

The prosecution alleged that Ominikoron forcibly had sexual

intercourse with Oluwabamise Ayanwole before murdering her.

These alleged offences contravened Sections 411, 223, 260, and 165 of the Criminal Law of Lagos State, 2015.

The defendant pleaded not guilty to the charges against him.

On the last adjourned date on June 24, the trial was stalled due to the defendant’s leg injury sustained in prison.

An official from Ikoyi Correctional Centre informed the court that Ominikoron fell in the bathroom on Sunday, June 23, 2024, injuring his left leg, which caused his absence in court.

Dupe Olusola Named Seven Stars Woman of the Year

Managing Director/CEO of Transcorp Hotels Plc, Dupe Olusola, has been inducted into the Seven Stars Pantheon of Hospitality and awarded the Seven Stars Woman of the Year 2024.

This has made her only the second recipient of this esteemed honour in the 12-year history of the awards. The recognition celebrates Olusola’s outstanding leadership and transformative impact on the African hospitality industry.

Earlier in the year, Olusola was honoured with the Hospitality Leadership Award by the Africa

Hospitality Investment Forum (AHIF).

Reflecting on the honours, Dupe Olusola said: “I am deeply honoured and humbled to be recognised among the leading voices in global hospitality. This award represents the hard work, passion, and commitment of the entire Transcorp Hotels team to redefine what it means to deliver luxury in Africa. It is a shared success, and it inspires us to continue our mission to redefine hospitality in Africa.”

Chairman, President & Founder of the Seven Stars Luxury

Hospitality and Lifestyle Awards, Khalil El-Mouelhy, said:“Tonight’s ceremony is a celebration of the innovation and dedication that defines our industry. We are proud to recognize those who are setting new standards in luxury hospitality.”

Also commenting, Honourary Chairman Andrea Luri, said: “The Seven Stars Awards represent a global network of exceptional hospitality. It is inspiring to see such a diverse array of talent being celebrated tonight, affirming the importance of collaboration and excellence across borders.”

Owode Onirin Market Leaders Endorse MoneyMaster PSB

MoneyMaster Payment Service Bank yesterday rounded off the week-long celebration of the 2024 Customer Service Week with a visit to the leaders of the Owode Onirin iron and steel market in Lagos.

The Customer Service Week is an annual celebration by businesses to appreciate the patronage and loyalty of their customers.

During the visit to the Owode Onirin market, the MoneyMaster team educated traders and visitors to the market on the importance of financial literacy and how to save money and earn interest. It also introduced its various banking channels and services to the audience. Some lucky persons

CHANGE OF NAME

I, formerly known and addressed as MISS BEN-KOKO MAYEN, now wish to be known and addressed as MRS JUSTIN-DAMACHI MAYEN. All former documents remain valid. The general public should take note.

I formerly known and addressed as EZEIlOEgBUNE IFEOMA MARIA-gORETTI, now wish to be known and addressed as MRS OSUCHUKwU IFEOMA MARIA - gORETTI All former documents remain valid. The general public should please take note.

I, formerly known and addressed as MISS EKENE STEpHANIE FElICIA IgwE, now wish to be known and addressed as MRS EKENE STEpHANIE FElICIA EFEIZOMOR. All former documents remain valid. The general public should take note.

who activated new accounts or carried out transactions were rewarded with instant airtime and gifts.

Speaking on the celebration of the Customer Service Week, Julius Arhebun, head of Agency Business stated that: “As a customercentric financial services brand, MoneyMaster is committed to delivering exceptional services, impactful lifestyle products and financial advisory services that help our customers to achieve their financial goals.

“As a digital bank, the service is a competitive pivot for us and we pride ourselves as a beacon of excellence in customer experience. The bank will continue to introduce initiatives to reward and celebrate the millions of account holders who continue to trust us with their hard earned money.”

Commenting on the engagement with the bank, the leader of Owode Onirin Market, Alhaji Gafaru Waheed, said: “I am delighted to be associated with MoneyMaster.”

Igala People in Sokoto Install Second Monarch

Onuminya Innocent in Sokoto

The Governor of Sokoto State, Dr. Ahmed Aliyu, has appreciated the Igala people from Kogi State resident in Sokoto State for the choice of Alhaji Mohammed Ibrahim as their new leader.

The governor, who spoke in a goodwill message held after the coronation of Alhaji Muhammed Ibrahim as the second Sokoto Onu Igala, described Ibrahim as a champion of peace and national unity.

Represented by Hajiya Maryam S.D Mass, the Special Adviser on Resident Communities and IDPs, the governor said the Igala people in Sokoto State have made a wise choice in Ibrahim.

He said: “I offer my heartfelt congratulations to the brand newly turbaned Onu of Igala in Sokoto, Alhaji Mohammed Ibrahim. This choice by the Igala people simply serves as a testament to his promotion of unity, respect and love

“The new Onu Igala in the state is a leader and champion of peace. May this coronation inspire all of us to work together to promote peace coexistence, patriotism and respect for the traditional institutions.”

Earlier, the Sultan of Sokoto, Muhammad Sa:ad Abubakar III while turbwaning the new Onu Igala Sokoto had appealed for mutual understanding among Nigerians.

The Sultan, who was represented by the Ciroma Sokoto, Alhaji Aliyu Abubakar III, declared Alhaji Muhammed Ibrahim as the second Onu (Sarkin) Igala in Sokoto State.

Edited by: MJO Mustapha Email deji.mustapha@thisdaylive.com

The Unparalleled Greatness of Prophet Muhammad (PBUH)-2 WORLD OF ISLAM

Spahic Omer/IslamiCity

The Prophet is unrivalled Nobody therefore can deny that the Prophet is in a class of his own. No other person is even worth mentioning along the Prophet’s name. This is a fact known to whosoever objectively studied his life and mission. Nobody rejected the Prophet on account of finding flaws or shortcomings in his character or performances. He was flawless, infallible (ma’sum). Those who rejected him did so mainly because of some other shallow reasons, such as the nationalistic, economic, political, egocentric and bigotry-oriented considerations.

For this reason is the scholarly honesty of Michael H. Hart to be applauded. In his 1978 book “The 100: A Ranking of the Most Influential Persons in History” he placed Prophet Muhammad (pbuh) at the top of the list. Though a non-Muslim, Michael H. Hart admitted that he had to acknowledge the obvious: “My choice of Muhammad (pbuh) to lead the list of the world’s most influential persons may surprise some readers and may be questioned by others, but he was the only man in history who was supremely successful on both the religious and secular levels.”

In his book “Memoirs of the Life, Exile and Conversations of the Emperor Napoleon”, EmmanuelAugustin-Dieudonne Las Cases wrote that Napoleon, similarly, was of the opinion that Prophet Muhammad (pbuh) was a great man, a genius who changed the face of the world. He also criticized Voltaire’s prejudiced views of the Prophet, pointing out that Voltaire was completely wrong in his assessments.

Departing “both from nature and history”, Voltaire neither wanted nor could get to the bottom of the secrets of the Prophet’s greatness. By the way, Napoleon’s unselfish admiration of the Prophet prompted speculations that, after all, he might have become a Muslim.

The Exemplary Legacy

Given the status of the Prophet, his community (ummah) was fashioned in his image. Despite its fluctuations and varying fortunes, the substance of the Muslim ummah, just like its Prophet, is the best.

It is the standard setter for the rest of the world. As per the explicit teachings of the Qur’an, Muslims are the best community that ever existed among humanity and was raised up for the universal benefit of the world. The reason for that is the truth that of all people, it is only Muslims who combine the authentic faith, good deeds and affirmative change, which is in accordance with the first two thrusts.

The Qur’an asserts: “You are the best nation produced (as an example) for mankind. You enjoin what is right and forbid what is wrong and believe in Allah” (Al ‘Imran, 110). Notably, immediately after these words, Almighty Allah gives the example of the People of the Book (Jews and Christians) as an antithesis of the Muslim paradigm: “If only the People of the Scripture had believed, it would have been better for them. Among them are believers, but most of them are defiantly disobedient” (Al ‘Imran, 110).

So, if this is the state of affairs concerning the Jews and Christians, who are closest to and most aligned with the Muslim model, one can imagine how degenerate the others are, chiefly the proponents of polytheism and non-belief and a seemingly endless plethora of their derivatives.

Therefore, the two best successors of the Prophet and, at the same time, the two best examples of the Muslim ummah: Abu Bakr and ‘Umar bin al-Khattab, were buried next to the Prophet inside the same enclosure. They deserved it from the perspective of both the realm of faith and ummah leadership.

Both the Ummah and history testify to their matchless merits. In order to complete the guild, when Prophet ‘Isa (Jesus) returns to earth, by virtue of being the best human being at the time, and by virtue of upholding, together with reinforcing, the religion of Islam as revealed to Prophet Muhammad (pbuh), he, too – based on a weak tradition, though – when he eventually dies will be interred in the Prophet’s burial chamber.

Enriching the Soul through Prophet’s Legacy

Taking all of the aforementioned elements into consideration, a visitor to the Prophet’s burial chamber should feel content, happy and proud. He furthermore should feel rich, because his are the greatest treasures of the world. Islam, the Prophet and ummah are all his. He belongs to them and they belong to him.

Positively, there are no alternatives that can replace these. They are unending and have what it takes to allow a person’s quest for self-fulfilment to move from strength to strength. The reward for possessing and properly handling the authentic treasures of this world are the infinite treasures of the Hereafter.

To be rich means to everlastingly possess much of genuinely valuable things – both material and immaterial - and experiences. Being rich is not to own bogus possessions, nor to have them today but not tomorrow, nor to work on satisfying the fleeting needs of the fleeting body (matter) but neglect the enduring needs of the enduring soul. Genuineness,

perpetuity and inclusiveness are the preconditions of true prosperity and wealth.

Journey of Spiritual Transformation

Accordingly, it is generally accepted that some of the greatest misfortunes that may befall a person – and societies - are along the lines of having something of true value and then losing it, or not having much and yet being deceived into believing he is wealthy. It stands to reason that the ideologies of materialism and hedonism are the banes of existence. They are the primary culprits of the contemporary human suffering.

Standing next to the Prophet, his two successors and the place where Prophet ‘Isa, perhaps, will be buried as well, should be, apart from enlightening and enriching, a humbling experience too. A visitor should feel appreciative and indebted, appreciative because he is the Prophet’s follower and a son of the Muslim ummah, and indebted because being a Muslim - especially nowadays when arrogance and ignorance, as the foundation of an omnipresent culture of non-belief, signify global official creeds – is as much a privilege as a responsibility. The situation is akin to an axiom that in the age of darkness, with light comes great accountability.

The Profound Impact

Positively, a Muslim cannot be a good Muslim unless his knowledge, love, appreciation and following of the Prophet and his Sunnah (life pattern) are meeting the expected standard and continue to improve. To learn about the Prophet as part of one’s learning generally about Islam is an imperative. A person cannot love, respect, or follow someone if he is ignorant about and unmindful of him.

Travelling to Madinah for the sake of visiting the Prophet’s mosque first and his grave second, and overall for the sake of walking in his footsteps, is expected to function as an impetus insofar as a visitor’s spiritual life is concerned. Such is expected to signify the beginning of a new phase in one’s affirmative relationship with the Prophet and his Sunnah. After the visit, a desirous person will never experience life the same way again. He will realize that being a Muslim and a follower of the Prophet denotes embracing quality and essence, instead of harbouring superficialities and deadening symbolism as well as ritualism.

This profound ethics of visiting the Prophet’s grave – burial chamber – is entailed in one of the main formulas a visitor is advised to utter while performing the visit. That formula is: “Peace be upon you, O Prophet, and the mercy of Allah, and His blessings. O Allah, send prayers upon Muhammad (pbuh) and upon the family of Muhammad (pbuh), as You sent prayers upon Ibrahim and the family of Ibrahim, verily You are Worthy of Praise, Full of Glory. O Allah, send blessings upon Muhammad (pbuh) and upon the family of Muhammad (pbuh), as You sent blessings upon Ibrahim and the family of Ibrahim, verily You are Worthy of Praise, Full of Glory. I bear witness that you are indeed the Messenger of Allah, that you conveyed the message and fulfilled the trust, and advised the ummah and strove truly for the sake of Allah. May Allah reward you on behalf of your ummah better than any Prophet is rewarded on behalf of his nation.”

The references - yet bearing witness - to the unparalleled greatness of the Prophet, to the success of his prophetic mission, to the fulfilment of his religious and existential trust, and to the critical importance of the ummah, as contained in the said formula, are thresholds by which an individual visiting the Prophet’s grave can relate to the domains of spirituality in general and to the Prophet in particular.

A visitor thereby can discover and appraise himself and his purpose. As if a person pronouncing the formula declares that he is a follower of the Prophet, a product of his prophetic mission, enlightened due to the Prophet’s message, progressive, plus honourable, due to his fulfilled trust, and a productive member (son) of the Muslim ummah whose ultimate aim is the pleasure of Allah.

Lessons from Quranic Panels in Madinah

The embedded messages of the following four Qur’anic verses, which in the form of three panels adorn the south section of the screen of the Prophet’s burial chamber, greeting and reminding visitors, abbreviate the above codes.

Panel one: “O you who have believed, do not raise your voices above the voice of the Prophet or be loud to him in speech like the loudness of some of you to others, lest your deeds become worthless while you perceive not” (al-Hujurat, 2).

Panel two: “Indeed, those who lower their voices before the Messenger of Allah - they are the ones whose hearts Allah has tested for righteousness. For them is forgiveness and great reward” (al-Hujurat, 3).

Panel three: “Muhammad (pbuh) is not the father of (any) one of your men, but (he is) the Messenger of Allah and last of the prophets. And ever is Allah, of all things, Knowing. O you who have believed, remember Allah with much remembrance” (al-Ahzab, 40-41).

NPFL: Plateau Dim Remo Stars

as Rivers Utd Climb to Summit

Rivers United  returned to the top of the Nigeria Premier Football League (NPFL) table yesterday evening after claiming a 2-0 victory over Shooting Stars in Port Harcourt.

Leaders Remo Stars however fell from the summit after succumbing to a 3-1 defeat against Plateau United inside the New Jos Stadium.

Rivers United coached by former Super Eagles handler, Finidi George,

are now on 17 points from seven matches, while Remo Stars dropped in the standings to second on 15 points. Enyimba that were held one all by Niger Tornadoes on Wednesday are third on 14 points.

Rivers United had to wait till the second half before they broke the stalemate in their clash with Shooting Stars through Aniekeme Okon in the 51st minute.

Ndifreke Effiong then came off the bench to make the game safe for the home side on 65 minutes.

Shooting Stars were however reduced to 10 men when Alex Aghahowa was sent off soon after the opening goal.

In Jos, Franklin Anthony’s hat trick was all Plateau United needed to claim maximum points against Remo.

Plateau United started on the front footing and were rewarded with a goal in the fourth minute when Anthony took advantage of Remo Stars’ sloppy defence to slot in from close range. The striker was

on point again in the 64th and 70th minutes to put the match beyond last season’s runner-up, who only managed to peg the scoreline in the 83rd minute through Jabbar Malik.

In Benin City, Bendel Insurance spanked Bayelsa United 3-0 to now push the Yenagoa team into the drop zone. The win was a welcome relief for the Benin Arsenal who were defeated by new comers Ikorodu City in Lagos last weekend.

Kayode Oke Solomon opened the score for the home side in the

Osimhen Back in Training with Galatasaray

Victor Osimhen has returned to full team training with Turkish champions Galatasaray after a muscle injury that sidelined him for the last two weeks.

The Napoli loanee suffered the injury during a Turkish Super Lig clash at Kasimpasa earlier this month.

The setback caused him to miss out on the Super Eagles squad for the 2025 AFCON qualifiers against Libya.

He also missed a UEFA Europa League tie in Latvia.

The 25-year-old striker could now return to action Saturday against Antalyaspor in the Turkish topflight.

‘Gala’ subsequent games are at home against Elfsborg of Sweden in the Europa League (Oct 23) and Istanbul Derby vs Besiktas (Oct 28).

LALIGA: Iheanacho, Ejuke, Aim

to

End Sevilla’s 14-year Winless Run Away at Barcelona

FC Barcelona will host Sevilla FC at the Estadi Olímpic this Sunday, October 20th at 9pm facing off in a LALIGA EA Sports  Match-day 10 fixture in which both clubs are looking to keep up their good form following the international break.

The duo of Nigerian internationals in Sevilla’s fold, Kelechi Iheanacho and Chidera Ejuke will be hoping to be part of the squad to make history, winning at Barcelona for the first time in 14 years.

This clash, like all others, is not the type the Andalusians have had much success over the years. In fact, they have only defeated Barça away from home seven times ever, with the first win coming in 1934/35.

As for Sevilla FC’s last win against Los Azulgranas in Catalonia, that was back in the 2009/10 season when they won the first leg of a Copa del Rey Last 16 tie, back on January 5th 2010. Thanks to goals from Diego Capel and Álvaro Negredo, with Zlatan Ibrahimovi scoring one for Barça, Manolo Jiménez’s Sevilla FC side overcame Pep Guardiola’s charges.

Currently, Hansi Flick’s FC Barcelona sit top of the table and they’ll be favourites in this game, the first one back after the international break. They have a squad packed with quality and have won eight and lost just one of their nine fixtures so far.

Key to these results have been Lamine Yamal, Raphinha

and Robert Lewandowski, who have formed the top-scoring front three in Europe with their 23 goals so far across LALIGA EA SPORTS and Champions League. Lamine Yamal is doubtful, though, having suffered a knock during the international break, yet FC Barcelona have several players making progress in their recoveries, such as Frenkie de Jong, Gavi, Dani Olmo and Fermín López. When they are all back, the German coach will have as many as eight players to pick from in the midfield.

For Sevilla FC, they have moved up to 12th in LALIGA EA SPORTS as they’ve now achieved three wins, three draws and three defeats this season. García Pimienta’s side entered the international break with confidence following their 1-0 win against Real Betis in Matchday 9, courtesy of a Dodi Lukebakio penalty. When the team can defend well and counter-attack efficiently, with the likes of Ejuke and Lukebakio, they can create a lot of danger in attack. In fact, Ejuke is currently the player with the most dribbles in LALIGA EA SPORTS with 28, even ahead of the likes of Lamine Yamal, Kylian Mbappé and Vinícius.

Over the international break, several Sevilla FC players have been away with their national teams, and key defender Loïc Badé also suffered a physical issue over the break. He could yet make it, which would be important for the

RESULTS

NPFL (Match-day 7)

B’Insurance 3-0 Bayelsa

Heartland 1-1 Ikorodu City

Katsina Utd 1-0 Akwa Utd

Plateau 3-1 Remo Stars

Rivers Utd 2-0 Shooting

17th minute while Nnamdi Anthony doubled the lead in the 78th minute before Michael Enaruna scored the third goal in added time.

In Owerri, coach Emmanuel Amuneke of Heartland FC had to work harder to  salvage a point at home against resurgent Ikorodu City who scored first in the 5th minute via Salaudeen Taiwo. Chukwuma Agor secured

parity for the home side in a 1-1 scoreline in the 66th minute.

Katsina United pipped Akwa United by a lone goal scored by Azeez Falolu in the 27th minute.

Action resumes this weekend as leaders, River United will play away at Niger Tornadoes while Remo Stars will host Bendel Insurance in Ikenne.

Shooting Stars will welcome Katsina United with Ikorodu City will play host to Daniel Amokachi’s Lobi Stars.

El-Kanemi Warriors will continue their season’s unbeaten run as they host Enyimba while Bayelsa United will host Heartland of Owerri. Akwa United will welcome Enugu Rangers to Uyo in another crunchy tie.

Whilst the countdown to the Sixth Edition of the Government College Ughelli, GCU Relays has begun, the 80th Anniversary celebrations of the school’s founding are well underway, just as this year’s Relay would be in honour of the departed co-founder of the Gamaliel and Susan Onosode Foundation (GAMSU), Mrs Susan Onosode.

Founded in 1945, Government College Ughelli, over the years, has made its mark both in Academics and Sports, whilst producing notable and legendary personalities for the country.

With the celebrations and rolling out of the drums confirmed for January 15th – 17th, 2025, proponents of the GCU Relays cannot but reflect on the golden days of athletics glory and the compelling need to sustain the annual Inter-Collegiate Athletics meeting.

Strikingly, two days before this year’s edition, the matriarch of the Onosode family and Co-founder of the GAMSU Foundation, Deaconess Susan Onosode, will be laid to rest a few kilometres away in Ekingbo- Ughelli.

Preceding the final farewell will be a commendation service at Good News Baptist Church, Surulere, Lagos and the service of songs at Winners Baptist Church, Ekingbo-Ughelli. GAMSU was established to foster the success of children through innovative and flexible learning opportunities while providing an enabling environment.

Since the inaugural edition, GAMSU has provided a pillar of support for the GCU Relays, which shares common values of ‘’contributing consistently to the promotion of quality education in Nigeria’’ including healthy sporting rivalry.

Adibe Emenyonu in Benin City

Nasarawa Amazons, on Wednesday, defeated Bayelsa Queens Football Club 6-5 in penalty shootouts to win the fourth edition of the Betsy Obaseki Women’s Football Tournament (BOWFT).

The final entered penalty shootouts after 90 minutes of exciting football play deadlocked with no goals.

The tensed penalty shootouts however ended  6-5 in favour of Nasarawa Amazons who were rewarded with the N10million winners prize money.

The final match of the tournament with the theme, “Say No to Teenage Pregnancy and Abandonment” was played at the Samuel Ogbemudia Stadium in Benin City.

The BOWFT is an initiative of the Edo State First Lady, Mrs. Betsy Obaseki in collaboration with private sector partners to groom and empower the girl-child and engender grassroots sports development in Edo State and Nigeria.

The tournament is Nigeria’s only pre-season women’s football tournament and has continued the tradition of promoting women’s football through a two-week long

socially-conscious programme that brings important issues to the front burner.

While the first edition of the tournament was won by Bayelsa Queens, FC Robo clinched the trophy in the second edition. The third edition was won by Edo Queens with Nasarawa Amazons lifting the trophy of this fourth edition.

Speaking sports journalists at the final on Wednesday night, the Edo State Governor, Mr. Godwin Obaseki hailed the impact and gains of the tournament over the last four years.

He called on leaders and other stakeholders to take better interest

in issues that affect young people, equipping and preparing them for future roles. Others at the event include the Edo State First Lady and host, Mrs Betsy Obaseki who was joined by the first ladies of Ogun, Oyo, Cross River, Osun, Balyesa, Taraba and Jigawa states.

Earlier, Mrs. Obaseki while speaking on the theme of this year’s competition, urged young girls across the country to hold their heads high, focusing on their life ambitions rather than allow themselves to be put in the family way when they are not ready.

Femi Solaja

Andalusian outfit considering Tanguy Nianzou is suspended after his red card in Elgran Derby.

Victor Osimhen (left) returned to training with his Galatasaray teammates yesterday after two weeks on the sideline due to a hamstring injury

Nasarawa Amazon players celebrating winning 2024 Betsy Obaseki Women’s Football Tournament after defeating Bayelsa Queens 6-5 in shootouts  in Benin City... on Wednesday night

BEFORE THE WIKE- FUBARA CRISIS

Several Alaafins down the road, Alaafin Atiba (1837-1859), sought the abrogation of the mandatory ritual suicide of a Prince as concomitant burial rite of passage of a dead Alaafin. Arrayed against the will of Atiba, was the insistence of Are ona Kakanfo Kurumi that the requisite ritual death should remain sacrosanct. With the support of the Ibadan army, Kurumi was vanquished in the ensuing Ijaiye war (1861-1863) and the wish of Atiba ultimately prevailed.

2) The Awolowo/Akintola succession crisis

Who could have penned the following birthday tribute to Chief Obafemi Awolowo on the occasion of his 50th birthday ceremony? “To Chief Awolowo, passivity is a bane and inaction an anathema. How could it be otherwise to a life which thrives on industry and to a man with fanatical faith in hard work? That was why he made himself a terror to the demagogues and Mountebanks who, with neither a chart nor a rudder, believed that they could steer the Nigerian ship of state to its destination. No pilot has a clearer vision and none a keener sense of mission than Chief Awolowo…a good blend of Gandhi’s philosophy and Nehru’s dynamism”

“In the political changes which took place in Nigeria from 1947 onwards, Dr. Azikiwe has been spasmodic and casual; Sir Ahmadu Bello has been leisurely and care-free; but Awolowo has been constant and calculating…To know Chief Awolowo as a man is to respect him. It has been my pride and pleasure to know him. He is by every standard a genius. His unimpeachable character, his faith in God, his confidence in his fellowmen, his personal devotion to duty and his loyalty…have conspired together to make him a great pillar of strength. He never lets a friend down…”

“As a political leader, Chief Awolowo is miles ahead of his colleagues. His sincerity of purpose, his democratic leadership and inspiring example are yet to be equaled by any of the leaders of other major political parties in the country…Awolowo is the nearest approximation to Mahatma Gandhi. He is a good blend of Gandhi’s philosophy

and Nehru’s dynamism and the only hope for democracy in Africa”.

It is difficult to imagine that the author of this endearing eulogy was none other than the first and last Premier of the defunct Western region, Chief Samuel Ladoke Akintola. Less than three years later the predecessor and successor were at the threshold of a bitter personality war that spiralled into the murder of Akintola and military overthrow of the first republic on January 15th 1966.

My fascination with this theme partly stems from my personal (family) experience. My dad, Chief Oduola Osuntokun, was a Cabinet Minister of the Western Region from 1955 to 1966 straddling the Premiership of both Chief Obafemi Awolowo and Chief Ladoke Akintola. In the bitter factional feud of the Action Group, within the then ruling party in the Western Region in 1962, my dad took sides with Akintola. My full name is Akintola suggesting I was named after the Premier on account of which I was given an early lesson in the politics of demonisation. Adjudged guilty in the popular imagination, the name Akintola became a byword for Yoruba-wide malicious derision.

I pleaded with my parents that I wanted to change my name to Akinjide. They were heedless and dismissive and my dad took to lecturing me on the virtues of the late Premier and how history was not fair to him. Well, victors write the. Don’t they? In the event I took the unilateral decision to effect a change of name-something akin to a unilateral declaration of independence (UDI). At the age of six years, I must be the youngest guy to resort to this degree of autonomy.

3) Abiola martyrdom and the ascendance of Tinubu

For the Yoruba, 1998/1999 was a triumphant interlude in the political history of Nigeria albeit a bittersweet passage. Given his epicurean lifestyle, who could have projected that Chief Moshood Abiola was most capable of rising up to the challenge of political martyrdom. In tandem, I marvelled at the level of sacrifice many non-partisan Yoruba luminaries were

prepared to make in the rejection of the annulment of the 1993 presidential election. No less proactive were those of us in the media, especially the op-ed columnists. Between 1996 and 1999 there was no work station I desired more than the editorial board of the Guardian newspaper. At the peak of the Guardian pyramid of resistance were Mr Alex Ibru (the publisher) and Mr Lade Bonuola (the Chief Executive). The newspaper had gone through the tribulation of being shut down, an arson attack on its premises and assassination attempt on Ibru.Yet not once did either of the duo express any reservation about the relentless barrage of criticism we piled on the Sani Abacha dictatorship.

Of groups like Afenifere and the National Democratic Coalition, NADECO (both in and outside Nigeria), it could be said of them that this was their finest hour. In their midst was a certain Senator Bola Ahmed Tinubu for whom the Lagos state governorship ticket was ‘rigged’ by Afenifere leaders, in recognition of his pro democracy activism. In an ironic twist of fate, he was central to the successful subversion and belittling of the Afenifere patriarchy. There were rumours to the effect that this grievance fast forwarded the exit of Senator Abraham Adesanya to the great beyond.

4)

In the matter concerning the kidney of Fubara

According to the former keeper of the secrets of Nyesome Wike (turned rebellious protégé in full flight) the embattled Governor of Rivers state, Siminalayi Fubara, the rejection of the demand for his kidney was non negotiable.

“As a matter of fact, I belong to that school of thought, and if I am the only person that needs to stand on that side of right, I will stand there. I don’t need anybody to stand with me. I cannot give my kidney or liver to anybody, I won’t.”. I do not know the particular details of the kidney transaction but I do know that kidneys come in a pair of two lobes and it is possible to survive on one lobe. So even if the Rivers state governor were to suffer the loss of a lobe, he could still live a full life. Beyond the contention

PROSECUTORIAL MISCONDUCT: LESSONS FROM ITALY

routinely file charges that they cannot substantiate just to satisfy their ego and that of their Bosses, intimidate accused persons to make implicating admissions, pressure witnesses to lie and conceal evidence favourable to the defence all in an attempt to secure a conviction at all costs. Such was my experience in the hands of the EFCC, where the EFCC prosecutors filed similar charges against me before the High Court of the Federal Capital Territory and the Federal High Court, Abuja, ostensibly to overwhelm me. Apart from concealing that the FHC, Abuja Coram Binta Nyako J, had delivered a judgment absolving me of any blame in the implementation of the Settlement Agreement of 2006 between Malabu Oil and Gas Limited and the Federal Government of Nigeria, the EFCC proceeded to file bogus charges against me on the same transaction.

It is on record that the High Court of the FCT roundly deprecated the conduct of Mr Bala Sanga, one of the EFCC prosecutors for pressurising one of the witnesses to lie against me. Apart from filing unsubstantiated charges against me, it took the prosecution over four years to call their witnesses, after which the Court came to a reasoned ruling that I had no case to answer. Hon. Justice Kutigi, J expressed his disapproval thus: “As I round up and because of the rather unfortunate narrative relating to the length of time of nearly four (4) years for the prosecution to

over Fubara’s kidney and in the spirit of full disclosure, I urge the governor, in the spirit of full disclosure, to serve us the other details of his dinner with the devil.

Quite a number of observers have misread the precedence of the Awolowo/ Akintola succession crisis into the Wike/ Fubara crisis. My first reaction to this analogy is that the Rivers state case does not rise to the scale and domino effect of the Western Region. Whereas Rivers state is one of 36 states, the Western region was one of three/four regions. For that matter, the federal government was even a tenant of the Western region writ-large. Hence, we are hard put to suggest that Rivers state has the capacity to follow the precedent that snowballed into the violent upheaval that rocked the Western Region in 1964/65 and became precipitous of the January 15th 1966 coup. Fubara had no input whatsoever to his ‘election’ as governor other than his instrumentality to the pillage and plunder of the resources of Rivers state for eight years. Not unlike Theodore Oji, who was ‘elected’ governor of Abia state while serving a prison term, Fubara was warehoused in the government house completely insulated from the voters who purportedly voted him into office. Beyond the proverbial sympathy that accrues to the perceived underdog, the choice between Wike and Fubara is akin to that between the rock and the hard place. He is the beneficiary of one of the most villainous instances of the grand and crude subversion of the 2023 general election. If Wike was the Satan then his chief acolyte was none other than Fubara. It was the relationship between the thief and the receiver of stolen goods.

Fanning the embers of their discord is the bottomless wealth of Rivers state and the Ministry of the capital territory and thus the capacity to become a growth industry for endless proxy fighters. It is not in the interest of those milking the crisis for there to be a quick end to the cash cow. If, however, it is possible to have peace and stability in Rivers state without regard to these two protagonists, I would say a pox on both their houses.

produce all their witnesses in proof of this case, it appears to me imperative to call on learned prosecuting counsel to show more circumspection in filing charges of this nature… A charge must, therefore, not be filed for the simple sake of doing so or to soothe the ego of any person or institution”.

The conviction and sentencing of the prosecutors in Italy for breaching their professional duty and ethics should serve as a lesson to their counterparts in Nigeria. It is a wakeup call for stakeholders in the justice sector, particularly the Attorney General of the Federation and Minister of Justice, the Nigerian Bar Association, the

Legal Practitioners Disciplinary Committee (LPDC), the Legal Practitioners Privileges Committee (LPPC), the Judiciary, and civil society. Urgent steps need to be taken to hold prosecutors accountable for any breach of their sacred duty of prosecution. This is crucial to maintaining the ethical standards that are fundamental to the justice system.

Fabio De Pasquale and Sergio Spadaro

ActionAid to IMF, World Bank

“The World Bank and IMF have been deeply involved in Nigeria’s economy for decades, pushing policies that have done far more harm than good. The SAP introduced in the late 1980s remains one of the most devastating legacies of this relationship. It crippled our local industries, especially the textile sector, and opened the floodgates for Nigeria to become heavily dependent on imported goods” –ActionAid Nigeria Country Director, Andrew Mamedu, says the IMF and World Bank are harbingers of bad economic policies in Nigeria.

AKIN OSUNTOKUN

DIALOGUE WITH NIGERIA

akinosuntokun@thisdaylive.com

Before The Wike-Fubara Crisis

AChief

not see his Successor-Houphouet Boigny

1) Oyo Empire Succession crisis in different degrees and manifestations is second nature to human society. One of the more intriguing aspects of the history of the Oyo empire was the ill starred role of Bashorun Gaa. The Alaafin (monarch) was at the pinnacle of the political power configuration of the empire but his monarchical authority was subject to the veto power of a state council comprising the seven leading kingmakers called the Oyomesi. At the head of this council was the Bashorun. In an intricate display of the constitutional regime of checks and balances, “all decisions of the Alafin (King) of Oyo required the approval of his council of chiefs... In former times, a gift of parrot’s eggs from the leader of the council was a sign to the Alafin that his death was desired by the chiefs and the people. Invariably the Alafin complied by taking poison, so the threat of a dread gift

was a safeguard against tyrannical rule., the proscription of this custom by the British “dislocated the checks and balances of the

old constitution” (Richard Sklar) Within a timespan of twenty years,1754 to 1774, Bashorun Gaa (the head of the

MOHAMMEDADOKE

GUEST COLUMNIST

Oyomesi) exercised this power to an infernal extreme. In usurpation and subversion of the inbuilt checks and balances, he fostered the aberration of compelling five reigning Alaafins to commit suicide, one after another. His reign of terror ended with the ascension of Alaafin Abiodun who teamed up with the Aare Ona Kakanfo (the supreme commander of the armed forces) Oyabi, Alaafin Abiodun to cut him down.

The Bashorun Gaa syndrome magnified the perception of the Oyomesi as a mortal threat to the reign of successor Alaafins. Hence the consequential stipulation that the war generals (the Are ona Kakanfo and the Bashorun) are barred from cohabiting with the Alaafin in the Oyo metropolitan capital. This was in acknowledgement rather than blindness to the reality of the mutual paranoia between the Alaafin and his generals. The syndrome was captured in the Yoruba idiomatic saying that Afobaje l’oba n koko pa (kingmakers are potentially the first target of newly crowned monarchs).

Continued on page 31

Prosecutorial Misconduct: Lessons From Italy

Prosecutors play a vital role in society that demands respect and recognition. They represent the State in criminal matters, presenting the necessary evidence to establish the guilt of the defendant. In discharging this responsibility, they make crucial decisions such as whether to file charges, what charges to file, and when to plea bargain. This heavy responsibility is guided by ethical considerations considered fundamental in all civilised societies. They include but are not limited to focusing on the objective of prosecution, which is to achieve justice and not merely to convict at all costs.

Justice is three-way traffic- Justice for the victim, society, and the accused person. This requires prosecutors to be impartial and unbiased, as well as uphold legal procedures and safeguard the rights of the defendant. A breach of this duty can prove disastrous to the defendant and

society at large. Hence, the reason civilised societies hold their prosecutors to the highest ethical standards, and whenever there is a breach, sanctions are promptly applied to serve as deterrence. This was what played out last week when it was widely reported in the media that “An Italian court sentenced two Milan prosecutors, Fabio De Pasquale and Sergio Spadaro, to eight months in prison on Tuesday for failing to file documents that could have supported Eni’s defense in an alleged corruption case involving a $1.3 billion oilfield in Nigeria. The case, involving Eni and Shell, centred around the $1.3 billion acquisition of a Nigerian oilfield and was regarded as one of the energy industry’s most significant corruption trials. The court noted that De Pasquale and Spadaro had omitted key evidence, including a video from a former Eni external lawyer that could have been favourable to the defence.” The sanctioning of the prosecutors in Milan

affirms the ethical standards required of their calling. It will be recalled that the Supreme Court of Nigeria had, as far back as 1966, in the case of Chief Odofin Bello V. State ( 1966) LPELR25291(SC), reiterated the time-tested duty of the prosecution to disclose all facts in the following words: “We cannot do better than remind counsel that the prosecution must put all the facts at its disposal before the Court and not to hide any fact. Anything short of this is an attempt to conceal from the Court any evidence favourable to the accused.” Per Ademola, JSC (P. 16, paras. C-D)

The Guidelines for Federal Prosecutors issued by the Attorney General of the Federation, which applies to all prosecutorial agencies and private prosecutors prosecuting on behalf of the State, also provide direction to prosecutors that “the essence of criminal prosecution is not to obtain conviction at all cost. It is to lay before the court what the

prosecutor considers to be credible evidence relevant to the allegation of a crime”. Regarding fairness, the Guidelines require the prosecutor to “inform the defence and the court of directions, warning or authorities which may be appropriate in the circumstances of the case, even where unfavourable to the prosecution”. Prosecutors are further enjoined to weigh the strength of the evidence before embarking on the prosecution that: “no prosecution should be undertaken where essential evidence if the basic elements of the offence are lacking…it is not in the public interest to use public resources on the prosecution of a case which has no reasonable prospect of success”. To do otherwise may amount to an abuse of legal process and loss of public confidence in the criminal justice system, especially where the prosecution results in an acquittal.

Continued on page 31

Friday, October 18, 2024

Price: N400

Bauole

does

Fubara and Wike