WEDNESDAY 4TH DECEMBER 2024

Senate Passes 2025-27 MTEF-FSP, Probes NNPCL

Over N11.54tn Subsidy Funds, Unremitted Taxes

Sunday Aborisade in Abuja

The Senate yesterday passed the 2025-2027 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP).

The essence of MTEF-FSP is to provide a comprehensive, multi-year plan for government spending, outlining revenue projections, expenditure priorities, and fiscal strategies. It is essentially acting as a roadmap

for managing public finances over a medium-term period, allowing for better resource allocation, policy consistency, and informed budgeting decisions across different ministries and departments.

The senate passed the fiscal document following the presentation of the report by Chairman of the Joint Committees on Finance and National Planning and Economic Affairs, Senator Sani Musa (Niger

East).

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in unpaid

(dividends). The allegation was highlighted

The senate also tasked its Committees on Finance and Petroleum as well as Gas to investigate allegations that the Nigerian National Petroleum Corporation Limited (NNPCL) with- Continued on page 9

Nigeria, S’Africa Agree to Finalise Five-Year-Old Early Warning Mechanism MoU

Reach consensus on African Union elections Call for a ceasefire, return to diplomacy over middle east crisis

Deji Elumoye in Abuja

Nigeria and South Africa have agreed to urgently finalise the five-year-old Memorandum of Understanding (MoU) on the Early Warning Mechanism, which monitors threats of violence, acts of criminality, and reprisals involving nationals of the two countries.

The decision was revealed yesterday in a communiqué released at the end of the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) in Cape town.

In

countries agreed to establish an Early Warning Mechanism to prevent such attacks.

Before the 11th BNC meeting, both parties agreed to harmonise

all contentious areas, conclude, and present during the 11th session of the BNC.

Idris: Tax Reforms Will Empower 36 States, LGAs for Development

Says resources will be invested in infrastructure, education, transportation Reveals president has directed Ministry of Justice to work with NASS on proposed legislations Senate: We're doing wider consultations on bills Kukah, CITN back bills, say reform will reduce elite’s financial recklessness Kano House rejects bills, insists its anti-north We have no hand in drafting proposed legislations, Alpha-Beta stresses

The federal government yesterday assured Nigerians that the controversial tax reform bills before the National Assembly would cushion the burden of millions of Nigerians across the country, empower and position the States and 774 local government areas (LGAs) for sustainable growth and development.

The Minister of Information and National Orientation, Mohammed Idris, stated this yesterday while itemising the benefits of the nationwide debate on the new tax reform bills currently before the National Assembly. Idris said this same day the Senate said it would embark on

BILATERAL DISCUSSION AT 11TH SESSION OF NIGERIA-SOUTH AFRICA BI-NATIONAL COMMISSION MEETING...

L-R:

state

Cyril Ramaphosa; and South Africa's Minister of International Relationship, Mr. Ro Lamola, during a bilateral discussion at the 11th Session of Nigeria-South Africa Bi-National Commission meeting on Tuesday, December 3, 2024, Cape Town Continued on page 9

Minister of

for Foreign Affairs, Bianca Odumegwu-Ojukwu; President Bola Tinubu; South Africa President,

Chuks Okocha, Olawale Ajimotokan, Sunday Aborisade, Emmanuel Addeh, Onyebuchi Ezigbo in Abuja and Ahmad Sorondinki in Kano

President Bola Tinubu and and Cyril Ramaphosa co-chaired the meeting.

the wake of the attacks on Nigerians in South Africa, both

AFTER SIGNING INTO LAW LAGOS ELECTRICITY BILL 2024...

L-R: Commissioner for Energy & Mineral Resources, Mr. Biodun Ogunleye; Deputy Governor, Dr. Obafemi Hamzat; Governor of Lagos State, Mr. Babajide Sanwo-Olu; Chairman, House Committee on Energy & Mineral Resources, Hon. Sabur Oluwa; and the Attorney General/Commissioner for Justice, Mr. Lawal Pedro (SAN), during the signing into law Lagos Electricity bill 2024, at the conference room of Lagos House, Alausa, Ikeja…yesterday (Seestoryonpage30)

NCDMB Earmarks N15bn for Oil, Gas Community Contractors’ Financing Scheme

Raises single obligor limit to N100m Industry's local content retention now 56% from 26% Lokpobiri: Nigeria has nothing to lose with ongoing IOCs' divestment

Peter Uzoho in Yenagoa

In a renewed effort to empower contractors from oil and gas producing areas in the country, the Nigerian Content Development and Monitoring Board (NCDMB) has earmarked N15 billion funding for the Community Contractors Financing Scheme.

In addition, the board has also scaled up the single obligor limit for the initiative from N20 million to N100 million, a move aimed at addressing a critical challenge faced by local contractors’ limited access to funding for contracts awarded by oil and gas companies.

Executive Secretary of the NCDMB, Mr. Felix Ogbe, disclosed this yesterday at the 13th Practical Nigerian Content (PNC) Forum's opening ceremony in Yenagoa, Bayelsa State.

The Community Contractors Financing Scheme is part of the Nigerian Content Intervention Fund (NCI Fund) designed to support local contractors in oil and gas-producing communities.

The scheme allows for financing of up to N20 million, approximately $50,000, per beneficiary at a five percent interest rate, making it more accessible for community contractors compared to other loan products under the NCI Fund, which typically have an interest rate of eight percent.

Ogbe stated, "Revised Community Contractors Financing Scheme. This

initiative addresses a critical challenge faced by local contractors’ limited access to funding for contracts awarded by oil and gas companies.

"N15 billion have been earmarked for this purpose. Also, the single obligor limit has been increased from N20 million to N100 million."

He announced to industry stakeholders at the event that NCDMB was on course in its 70 percent local content target by 2077, revealing that current Nigerian Content level had increased from 26 percent in 2016 to 56 percent by 2024.

"I am excited to announce to you that our Nigerian Content level has increased from 26 percent in 2016 to 56 percent by 2024," he added.

While listing other key achievements of the board, Ogbe said in 2017, the Board launched the 10-Year Strategic Roadmap, which was built on five Strategic pillars and supported by four enablers.

He said the board had inaugurated Amal Technologies in Idu, Abuja; and the Kwale Gas Gathering facility in Delta State

He said the board had approved 312 Nigerian Content Plans and issued 402 Nigerian Content Compliance Certificates (NCCCs).

"Due to our new PCAD contracting guidelines which has reduced our touchpoints from nine to five, the contracting cycle has been reduced to six-months," he stated.

However, Ogbe highlighted the ‘Back to the Creek,’ initiative of the

board, which he said focuses on equipping youths in host communities with the skills needed to meet industry demands, directly supporting the local content drive.

He said the initiative aligned closely with the mandate of President Bola Tinubu, to create an enabling environment for businesses to thrive.

He added, "This initiative will be implemented in three phases: first, the improvement of primary education infrastructure; next, the enhancement of secondary education; and finally, providing scholarships and facilitating employment oppor-

tunities for top-performing students from oil-producing communities."

In his ministerial address, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who admitted that the country was witnessing divestments in the oil and gas industry, told the audience that Nigeria has nothing to lose in the divestment by the international oil companies (IOCs) from onshore and shallow water.

He said the development would instead benefit the country more as Nigerian indigenous companies were the ones acquiring the divested

assets and will be paying royalties and taxes to the federation.

He stressed that no IOC was leaving the country, saying that they were rather moving into the offshore and deepwater offshore spaces in the country.

Lokpobiri said, "Today, I can stand here proudly to tell you that we are experiencing divestments from onshore and shallow waters by IOCs. But Nigeria has got nothing to lose. There are royalties, there are taxes, from the quality of services that we deliver, to guarantee sustainability in our growth. Nigeria has nothing to

fear. And that is predicated on the successes we have achieved over the past one decade as far as local content development is concerned. "These divestments are not acquired for foreigners. They are acquired by local companies. That has caused the level of achievement, the level of development we have achieved as far as local capacity is concerned.

"And I want to take this opportunity to also assure you that Nigeria has nothing to worry about. No company is leaving Nigeria. No IOC is leaving Nigeria.

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has added its voice to the controversy surrounding the functionality of the 60,000 bpd old Port Harcourt refinery, confirming that the facility is functional, but currently lacks the reformer unit critical to production of petrol.

Speaking on Arise Television, President of PENGASSAN, Festus Osifo, said the refinery had indeed

commenced operation in full, but admitted that it is currently blending petrol, which he said is not peculiar to Nigeria.

Osifo, however, said that the absence of a reformer unit, may have made the Nigerian National Petroleum Company Limited (NNPC) to resort to blending of products.

THISDAY’s checks showed that Catalytic Reforming Unit (CRU), is a key part of a refinery that produces gasoline or petrol and can produce up to 37 per cent of

FG Demands List of Defaulting Road Contractors, Says Era

Emmanuel Addeh in Abuja

The federal government has said that the era of abandoned road projects is over, calling on the Federal Emergency and Roads Maintenance Agency (FERMA) to make the list of defaulting contractors available in the next one week.

The new Minister of State in the Federal Ministry of Works, Mohammed Goronyo, handed down the directive during his familiarisation tour of the South-west section of the road maintenance agency.

A statement by the Director, Press and Public Relations in the ministry, Mohammed Ahmed, noted that the

of

minister charged the Managing Director and Chief Executive Officer agency, Chukwuemeka Agbasi, to warn contractors who fail to deliver on their contract awards to desist forthwith.

“The era of abandoning projects is over. These contracts are awarded and paid through the tax payers’ money who desire value for their money. The list of defaulting contractors must be made available to the headquarters not later than next week,” the statement made available in Abuja stated.

Goronyo also proposed the need for a strong technical committee that will criss-cross the country to

Abandoned Projects Over

monitor FERMA projects, with a view to ascertaining the quality of their deliveries.

During the familiarisation tour, the state coordinators made presentations before the minister on the progress, challenges and expectations in the course of the discharge of their duties, the statement added.

The minister also commended the Federal Road Management Engineers (FRME), from the south-west states, assuring them that all issues raised by them will be looked into to make the organisation more effective.

He stressed that though the challenges were real, huge and enormous, they were not insurmountable.

“The country must tighten its belt and combat the challenges frontally. We have been drawing from a well without water for so long. We now have a president who is willing to face the challenges head-on without complaining.

“We must be ready to support one another and do things differently. We must all support President Bola Tinubu to deliver on his mandate,” Goronyo remarked.

The minister pledged to pay unscheduled visits to contract sites to have a first hand knowledge of the commitment of contractors to projects, while also assuring that staff welfare will remain paramount.

a refinery's fuel.

However, it was learnt that the downside is that the CRU can be very expensive, sometimes costing as much as the combined cost of installing two or three refinery trains.

Stressing that no refinery can produce with a single Crude Distillation Unit (CDU), Osifo said Nigerians have every reason to doubt and question government pronouncements, considering that they had been betrayed several times.

“Nigerians have every reason to doubt the government. We have every reason to question assertions from governments, because over the years, they have actually let us down. Having said that, for us in PENGASSAN, it’s part of what we are going to address tomorrow in our National Executive Council meeting (Tuesday).

“Really, from our checks, the Port Harcourt refinery is actually working. But let me explain this. In petroleum products production, you take the crude and you pass the crude into what they call the CDU (Crude Distillation Unit).

“So, it is actually that unit that is going to bring different products. That unit today, as we speak, is working. When you pass the crude into CDU, it is going to give you what we call Kerosene (DPK), it is going to give you what we call ATK (Aviation fuel), and it’s going to give you AGO (Diesel).

“It’s also going to give you naphtha. That is that distillation unit. That unit is working. What that means is that when you pass crude into that unit, you will have these products, but the old Port Harcourt refinery was not designed to produce aviation fuel.

“So, you are going to have these three principal products: Naphtha, AGO, as well as the DPK. So normally, that Naphtha, you are going to pass it to this unit called the Reformer Unit. As we speak today, that reformer unit is not actually working. We must disclose this to Nigerians.

“What is now happening at the moment is that you are going to take that Naphtha and merge it with Crack-C5. It will now be blended with Naphtha, and some other processes take place, and now it gives us PMS (petrol)

“What Nigerians should be interested in today is that is the Port Harcourt refinery producing AGO? The answer is yes. Is the old Port Harcourt refinery producing kerosene? The answer is yes. Is it producing PMS today? The answer is yes.

“We should reduce the concentration on what the processes are, but look at the products that come out. There is no refinery in the world that has a CDU that produces PMS in a single tranche. No one produces PMS, even Dangote Refinery.

Emmanuel Addeh in Abuja

EXPLORING GLOBAL BEST PRACTICE IN HOUSING FINANCE...

L-R: Former Executive Secretary, Federal Staff Housing Loans Board, Dr. Mrs Hannatu Fika; Executive Director, FMBN Loans & Mortgage Services, Dr. Muhammad Sani Abdu; MD/CEO FMBN, Mr

Secretary General International Union of Housing Finance, Germany, Mark Weinrich; and CEO, Niche PR & Events Consultancy, Mrs

EFCC Wins Landmark Forfeiture against

753 Duplexes By Unnamed Owners in Abuja

In

court

papers,

The Economic and Financial Crimes Commission (EFCC), yesterday, won a landmark forfeiture of 753 duplexes in Abuja, against unnamed owners.

Although the EFCC, in the court papers, said it discovered the property while investigating a former governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the property, it added, were not directly linked to him.

However, in a statement, the EFCC, which denied allegations that it was shielding the identities of owners of assets, said it was the publisher of Sahara-reporters, Mr Omoyele Sowore, who linked the property to Emefiele and not the agency.

The commission, in the statement, noted that contrary to claims by Sowore and some other persons, the said property were forfeited because no individual or organisation came forward to claim ownership.

A High Court of the Federal Capital Territory (FCT) had ordered the final forfeiture of 753 duplexes, alongside other apartments on Plot 109 Cadastral Zone C09, Lokogoma District, Abuja.

The forfeiture was sequel to an application brought by the EFCC, in line with Section 17 of the Advance Fee Fraud Act.

agency says it stumbled on property while investigating Godwin Emefiele not a juristic person. This is exactly what the Commission did in respect of the Estate," the Commission stated.

A court order granting a forfeiture on the said properties, had given notice to any interested parties to appear before the court within 14 days of last month.

According to the EFCC Affidavit, “The properties sought to be forfeited are reasonably suspected to have been acquired and or developed with the proceeds of unlawful activities.”

The address and the size of the property were given by the EFCC as “Plot 109, Cad Zone C09, Lokogoma District, Abuja: Measuring 150,462.86 Sqm.”

In the court papers, the EFCC averred: “That in the cause of this investigation, it was revealed that the erstwhile CBN governor negotiates kickbacks in return for allocation of Foreign Exchange to some companies who were in desperate need of foreign exchange for their lawful and legitimate businesses.”

In the same stroke, names of some other CBN officials were mentioned such as the head of litigation.

“Upon investigation, it was revealed that one Ifeanyi Omeke, a Deputy General Manager and Head, Litigation of Zenith Bank, Plc worked closely with Godwin Emefiele and ran several errands for him which included purchase and perfection of

title documents for several properties located in highbrow areas of Lagos and Abuja.”

In all of this, however, the EFCC did not link the former CBN governor to the controversial property. The agency could not find Emefiele's name in any of the titles of the properties.

But in its reaction to the landmark recovery, Sowore had accused the antigraft agency of hiding the identity of the owner of the property, which according to him belonged to a former Governor of the Central Bank of Nigeria (CBN).

Reacting to Sowore's allegations, the EFCC in the statement, observed that the application filed sought an order of court against a property and not any individual.

"The allegation of cover-up of the identity of the promoters of the Estate stands logic on the head in the sense that the proceedings for the forfeiture of the Estate were in line with Section 17, of the Advance Fee Fraud Act, which is a civil proceeding that allows for action-in-rem rather than action-in-personam.

"The former allows legal actions against a property and not an individual, especially in a situation of an unclaimed property. This Act allows you to take up a forfeiture proceeding against a chattel that is

Lai Mohammed, Tonnie Iredia, DSS DG, Others to Speak at IPI Conference

A former Minister of Information and Culture, Mr Lai Mohammed and renowned media practitioner, Prof. Tonnie Iredia, are billed speak at the 2024 conference of the Nigeria Chapter of the International Press Institute (IPI), a statement from the organisation said yesterday.

Iredia is expected to deliver a keynote address on: "Democracy, Media Freedom and the Imperative of Protecting Nigeria's Civic Space," the release signed by IPI’s Secretary, Ahmed Shekarau said.

The event will be held on December 11 at the Abuja Continental Hotel, formerly Sheraton Hotel. The institute will also hold its annual general conference, elect new leadership and host its members and supporters to a dinner on December 12, at the same venue.

A panel of seasoned journalists has also been lined up to discuss the paper, with Busola Ajibola, a press freedom advocate and Deputy Director at the Centre for Journalism Innovation and Development, set to moderate the

discussion.

The panel will feature Waziri Adio , founder and Executive Director at Agora Policy; Garba Shehu, Director at Peoples Daily newspaper and former presidential spokesperson as well as Abigail Ogwezzy-Ndisika, professor of Mass Communication at the University of Lagos. Besides, Adeola Ajayi, the Director General of the Department of State Service (DSS), will make a presentation titled: "Dissecting the Frosty Relationship Between the Nigerian Media and Security Agencies."

Also, the Force Public Relations Officer, Muyiwa Adejobi; Funke Egbemode, a former President of the Nigerian Guild of Editors (NGE); Hussaini Abdu, Country Director of CARE and Lanre Arogundade, Director of the International Press Centre (IPC), will discuss his presentation.

In the statement, Shekarau said that the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, will make a short remark on: "How the Media and Journalists can Partner Anti-corruption Agencies in the Fight Against Cor-

ruption."

Furthermore, Lai Mohammed, will also speak on "Government Vs Media: How to Reduce Tension, Enhance Mutual Understanding, and Avoid Censorship."

While stating that the commentaries of reform-minded Nigerians to the Commission’s painstaking efforts in securing the final forfeiture of the Estate to the Federal Government of Nigeria, were appreciated, the EFCC however, warned that the "denigration of such efforts by Sowore and his think-same and act-same, is unacceptable and grossly un-charitable.”

The Commission explained that the proceedings that yielded the final forfeiture of the estate were products of actionable intelligence available to the Commission, adding that the company flagged by investigations

denied ownership of the estate, following publications made in leading national newspapers.

"On the basis of this, the Commission approached the court for an order of final forfeiture which Justice Jude Onwuegbuzie of the Federal Capital Territory, FCT, High Court granted on Monday, December 2, 2024.

"The expectation of the EFCC from citizen Sowore is a patriotic appreciation of its efforts in securing such a landmark forfeiture. It is shocking that the activist is not concerned about the systemic lassitude and unhelpful permissiveness that allowed such a monstrous corrupt act in the first instance.

"Nigerians should gear up more

against lapses and loopholes in our system that continue to make the nation vulnerable to corrupt tendencies. The EFCC will continue to safeguard the financial space of the nation against manipulators and organised brigandage.

"It is important to note that the substantive criminal investigation on the matter still continues. It will be unprofessional of the EFCC to go to town by mentioning names of individuals whose identities were not directly linked to any title document of the properties. The EFCC is unwavering in its no-sacred-cow approach to every matter and together we will make Nigeria greater," the commission assured.

Govs Back Administrative, Financial Autonomy for LGs

Chuks Okocha in Abuja

The Nigerian Governors’ Forum (NGF) has expressed support for the administrative and financial autonomy of local government councils in the country.

Chairman of the Forum and Governor of Kwara State, Abdulrahman Abdulrazaq, said this at the National Dialogue on Local Government and Constitution Amendment Constitution Amendment organised by the House Committee on the Review of the Constitution in collaboration with the Policy and Legal Advocacy Centre (PLAC), with support from the UK Foreign, Commonwealth Development Office (FCDO).

According to the NGF chairman, ''today the majority of the states have duly elected local government councils in place, reflecting a strengthening commitment to

democracy at a grassroots level.''

Represented by the Director, Legal Services of the Forum, Chijioke Chukwu, he said the NGF recognises the Supreme Court’s ruling on local government autonomy as a landmark development with profound implications for governance.

The Kwara State governor said autonomy presents, ''an opportunity to deepen service, to deepen service delivery across critical sectors, particularly health, care, education, and other social services.''

He added that, ''by empowering local governments to manage resources effectively, we can collectively ensure that development to choose every Nigerian, no matter how remote their community may be.

“The Governor’s Forum remains resolute in its commitment to the effective implementation of local government autonomy. The

Governors are keen to collaborate with stakeholders, including development partners, civil society, and other arms of government to translate this autonomy into tangible improvements in the lives of our people.

“It is our belief that a wellstructured autonomy with mutually aligned implementation framework would not only drive accountability and efficiency in resource management, but would also catalyse sustainable development goals at the sub-national level.

''Together, we can transform the local government system into a vibrant vehicle for economic growth, social development, and national integration.”

Furthermore, the NGF reiterated its readiness to ensure that the transition to local government autonomy was impactful.

Bagudu: We’re Mapping 8809 Wards to Determine Their Economic Potential

Adedayo Akinwale in Abuja

The Minister of Budget and Economic Planning, Atiku Bagudu has revealed that the federal government has resolved to design a word-based system to map the 8809 wards in the country to ascertain their economic potential.

Bagudu disclosed this yesterday in Abuja, at the 4th Local Government Economic Summit with the theme: "25 Years of Uninterrupted Democracy in Nigeria: The Place of Local Government in Rural Development and Food Security," organised by The Summit Group.

He explained that most of the local

governments are blessed with one thing or the other, saying there were opportunities for farming, fishing, livestock or combination of all.

Bagudu noted: “If you are blessed with good oil and I am blessed with groundnut oil, that is the same thing. But we have to appreciate these blessings, and we have to work hard so that we can generate value from those blessings.

“Every local government in Nigeria can do better tomorrow by focusing on what is it that our agriculture has remained largely limited, whether farming or fishing or livestock. Meaning with investment we can do more in a very short period of time.

“In Kebbi State, while I was a governor, we found out that in one cropping season, most of our farmers moved from less than one tonne per hectare to as much as five tonnes per hectare in the first project.

“This is the opportunity that is before us. How do we unlock it?

How do local governments become the center of economic activity as they ought to be, especially in this area?”

The minister stressed that there was a need for local government councils to do self-assessment to determine areas where they have a comparative advantage.

Bagudu added: “What has God

blessed us with? How can we ensure that we generate more from what God has blessed us with? How can we encourage the state government? How can we encourage the federal government to partner with us, to support us so that we can do better in those areas?

“As we speak, as a minister of National Planning, part of our mandate is the coordination of national, federal, state and local government.

“We are designing a world-based system where we are mapping the 8809 wards of this country to see what programs are running them, what economic potential are there, so that we can support them.

Shehu Osidi;

Marcella Iyitor, at a strategic engagement on Housing finance held in Abuja... recently

Emmanuel Addeh in Abuja

Alex Enumah in Abuja

CERBA LANCET AFRICA'S GRAND OPENING CEREMONY...

L-R: Former First Lady of Lagos State, Dame Abimbola Fashola; Commissioner for Health, Lagos State, Prof. Akin Abayomi; Managing Director and CEO of Cerba Lancet Nigeria, Dr. Olayemi Dawodu; Minister of Education, Dr. Tunji Maruf Alausa; Group CEO, Cerba Lancet Africa, Mr. Matthieu Gogue and Consul General of France in Lagos, Laurent Favour, during Cerba Lancet Africa’s grand opening ceremony and new unveiling of the Reference Laboratory in Surulere, Lagos…recently

Tinubu Canvasses Nigeria-South Africa Partnership to Lead Africa's Transformation

South Africa relaxes visa rules for Nigerian business men, tourists

Deji Elumoye in Abuja

President Bola Tinubu has called for the Nigeria-South Africa strategic partnership to become a model of leadership, economic integration, and shared prosperity for the African continent.

Speaking at the opening of the 11th session of the Nigeria-South Africa Bi-National Commission (BNC) on Tuesday in Cape Town, the President urged both countries to overcome what he called "irritants" that hinder their collaboration and focus on transforming Africa's global image.

President Tinubu, who co-chaired the presidential BNC with his South African counterpart, Cyril Ramaphosa, highlighted the importance of cooperation between the continent's two largest economies and its potential to redefine the global perception of the continent.

He also urged South Africa to champion Africa's interests during its current G20 presidency, reiterating Nigeria's aspiration to join the bloc alongside South Africa and the African Union.

According to him, "The continent looks up to us; we cannot afford to fail it. We need to leverage the potentials of this partnership to strengthen economic, political, business-to-business, as well as people-to-people relationships between the two countries, bearing in mind the tremendous benefits it promises.

"Our successes will change the negative narratives of seeing Africa as a country perpetually mired in poverty and conflict and with their

leaders unable to offer the kind of transformational leadership the continent deserves.

"As the adage goes, 'the glory of the eagle does not please the kite; let us remain mindful of the overt and covert hostilities that the success of our partnership will attract.

"If we are vigilant, committed and persistent, we will surely soar like the eagles over the reach of predators. So, we must remain strongly united on purpose?".

Regarding the achievements under the BNC framework, established 25 years ago, President Tinubu noted that despite many setbacks, over 30 Memoranda of Understanding (MoUs) and agreements are in operation.

He, however, stressed the need for actionable implementation of agreements.

His words: "Let us not count our successes by the number of MoUs and agreements signed. They will be mere papers until we implement them in spirit and letters. This is the job of our senior officials, and I must implore them to redouble their efforts in this regard".

Recognising the continent's youth as its most valuable resource, President Tinubu called for closer ties to harness the potential of young people in both nations.

"Beyond natural resources, our most precious resource is the huge youth population in both countries. These young people represent the future. They are the demography that must be tended to and invested in, as well as skills and potentials harvested for development.

"My administration has built an

inclusive government in which young people are now in charge of some of the key sectors of the economy, believing the future for them starts now. Let us connect Nigerian and South African Youth and leverage their potential for development," the President said.

President Tinubu acknowledged that South African companies such as MTN and Multichoice have made significant inroads into the Nigerian market. Similarly, Nigerian businesses like Dangote Group and Access Bank have extended their presence in South Africa.

"But that is not enough. I cannot pretend that all has gone satisfactorily well. We can identify the gaps and challenges, including persistent irritants in our relations, and deal with them appropriately. This is the real essence of the BNC.

"Together, we can act as engines of economic integration and development in our respective sub-regions as well as on the continent," he said.

The Nigerian leader proposed joint action on mining to tackle illegal mining and enhance professional capacity development.

He said: "Our natural resources are supposed to be mined for the betterment of our people. However, there seems to be a concerted effort flowing in the opposite direction.

Throughout Africa, illegal mining is not only robbing our nations of precious income, which could foster development.

"Sponsored by powerful outside forces, such mining is fomenting strife, servitude, poverty, environmental degradation and undermining the writ of legitimate government.

"We cannot allow this inland piracy to become a scourge to our good and healthy designs for our people. South Africa and Nigeria should and must take the lead in placing this issue before the global community and in resolving it for the good of our continent and its people".

Reflecting on Nigeria's support for South Africa during the dark days of apartheid, President Tinubu described it as a historic responsibility discharged with pride and determination.

According to him: "As was expected, our efforts put Nigeria

on a collision course with some powerful countries. Nigeria is proud to have shared the burdens of her brothers in South Africa during such critical times.

"This is the essence of brotherhood we seek for this continent: to stay side by side, shoulder to shoulder for liberation, discrimination and democratic good governance in support of the best and legitimate aspirations of the people.

"Just as we stood with you, we shall always remember how South Africa was with us at critical moments of our struggle against military rule".

Also speaking, South African President Cyril Ramaphosa announced that tourists from Nigeria can now apply for a visa without submitting a passport. He said South Africa has simplified its visa processes to facilitate travel for Nigerian business people and tourists, with measures such as five-year multiple entry visas. According to him: "Our efforts to create a favourable environment include our simplified visa process for Nigerian business people to travel to South Africa. Qualifying Nigerian business people can be granted a five-year multiple entry visa".

House Investigates N50bn Retirement Payoff Scheme for 1,000 CBN Staff

Adedayo Akinwale in Abuja

The House of Representatives has resolved to constitute an ad hoc committee to investigate the sudden retirement of over 1,000 staff of the Central Bank of Nigeria (CBN) and the N50 billion retirement payoff scheme.

It also urged the CBN to suspend further implementation of the retirement exercise and associated payoff scheme pending the outcome of the House investigation.

The resolution of the House followed the adoption of a motion moved at the plenary on Tuesday by Hon. Kama Nkemkama.

The Green Chamber said it would also engage the leadership

of the CBN to evaluate the potential economic and institutional impact of the mass retirement on Nigeria's financial sector.

Presenting the motion, Nkemkama made reference to a report published on Daily Trust dated 2nd December 2024, indicating that the CBN plans to retire over 1,000 staff across various levels as part of its restructuring process under the acting governor's leadership.

He stressed that the sudden mass retirement of over 1,000 staff, including directors and senior management, raises critical questions about the criteria for selection, transparency, and adherence to due process in line with public service guidelines and labour laws.

After over Four-month Blackout, TCN Restores Power Supply to Bayelsa

Emmanuel

After about four months of total blackout in Bayelsa state, the Transmission Company of Nigeria (TCN) yesterday announced that it had finally restored bulk electricity supply to the Niger Delta state.

A statement in Abuja by the state-owned company’s General Manager, Public Affairs, Ndidi Mbah, said that this was effected after the restoration of bulk power supply through the Ahoada-Yenagoa 132kV transmission line.

According to the organisation, this development also followed

the successful reconstruction of collapsed towers and restringing of vandalised conductors carried out by TCN contractors.

A final inspection of work done, it said, was conducted on November 28, 2024, by a team of TCN engineers, led by the Port Harcourt Region General Manager, Emmanuel Akpa. TCN added that the team verified the integrity of the 20 newly erected towers, numbered 48–64 and 97–99, that were destroyed in a series of vandalism incidents on July 29 and August 12, 2024.

“After confirming that all work met required standards, the line was

cleared for energising,“ Mbah said. On the other hand, it said that discussions were underway with stakeholders in Bayelsa and Rivers states to implement a comprehensive community engagement programme.

“This initiative seeks to educate local communities traversed by the transmission line on the consequences of vandalism and theft of power infrastructure. Additionally, the programme will involve appointing community representatives to oversee the security of power equipment in their areas.

“This approach aims to foster a sense of local ownership and

accountability for the infrastructure. These efforts are part of broader measures to prevent future incidents of large-scale vandalism, which left Bayelsa State in total blackout since July 29, 2024.

“The economic losses incurred by residents, as well as the significant financial burden on TCN to restore the towers, have been substantial.

“TCN appeals to the public to support the nationwide campaign against the vandalism of power infrastructure. Collective action is essential to safeguarding the country’s electricity assets for sustainable development,” Mbah

pointed out. Meanwhile, the Nigerian Electricity Regulatory Commission (NERC) has directed electricity Distribution Companies (Discos) to rapidly conclude the migration of its Standard Transfer Specification (STS) meters for all their customers to prevent disruption of service.

A brief note yesterday said that this was made known at the Q4 Nigerian Electricity Supply Industry (NESI) stakeholders meeting, during which the commission warned that daily penalties would be imposed for each meter not migrated effective from January 1, 2025.

The lawmaker said that such a significant decision has socioeconomic implications for the affected individuals, their dependants, and the broader economy, potentially leading to increased unemployment and public dissatisfaction.

Nkemkama added that the reported pay off scheme amounting to N50 billion might lack sufficient accountability and oversight mechanisms, posing risks of mismanagement and abuse of public funds in a sector vital to Nigeria's financial stability.

The House resolved to: “Constitute a high-level ad hoc committee to: investigate the mass retirement of over 1,000 staff of the CBN to ascertain the criteria, process, and legality of the exercise.

“Examine the N50 billion payoff scheme to ensure transparency, accountability, and proper utilisation of funds. Engage the leadership of the CBN to evaluate the potential economic and institutional impact the mass retirement on Nigeria's financial sector.”

“Urge the Central Bank of Nigeria to suspend further implementation of the retirement exercise and associated payoff scheme pending the outcome of the House investigation.”

The House also called on the Federal Ministry of Labour and Employment to ensure that the rights of the affected staff are protected in accordance with Nigerian labour laws.

It further requested the Committee to report back to the House within four weeks for further legislative action.

Addeh in Abuja

To Facilitate Capital Raising, Market Stability, PenCom Lifts Ban on Investments in Commercial Papers By LPFAs

James Emejo

The National Pension Commission (PenCom) yesterday lifted the restriction it earlier imposed on all Licensed Pension Fund Administrators (LPFAs) from investing in commercial papers where capital market operators acted as Issuing and Paying Agents (IPAs).

The commission noted that the decision to lift the ban was taken to facilitate capital raising and ensure continued market stability.

In statement, the apex pension regulatory institution, said LPFAs must nonetheless, ensure that

appropriate legal and financial due diligence are undertaken on all Prospectus/Offer Documents of all commercial papers prior to investment as stipulated in Section 2.9 of the Regulation on Investment of Pension Fund Assets.

Commercial papers (CPs) are short-term, unsecured promissory notes issued by corporations, financial institutions, or other large entities to raise funds for immediate needs such as working capital, inventory, or short-term debt obligations.

They typically have maturities ranging from a few days to 270 days and are usually issued at a

discount to face value, with the difference representing the interest.

They also constitute useful tool for both issuers seeking short-term financing and investors looking for relatively safe, liquid investments with higher returns than savings accounts or Treasury bills.

However, their unsecured nature and reliance on the issuer's creditworthiness make them riskier than some other fixed-income securities.

PenCom had through a circular dated October 23, 2024 ordered LPFAs to immediately suspend further investment in commercial papers where capital market opera-

tors (non-banks) are engaged as IPAs due to the absence of rules governing the issuance.

In lifting the restrictions, the commission said it had noted that the Securities and Exchange Commission (SEC) has developed draft rules and an amendment to rule 8 (Exemptions) to regulate the issuance of commercial papers by its regulated entities.

Accordingly, it pointed out that "SEC is addressing PenCom's concern about the role of non- bank IPAs in Commercial Paper transactions by bringing them within regulatory boundaries".

IDRIS: TAX REFORMS WILL EMPOWER 36 STATES, LGAS FOR DEVELOPMENT

wider consultations with critical stakeholders before embarking on the public hearing over the landmark tax reform bills.

Also weighing on the raging controversy surrounding the bills, the Catholic Bishop of Sokoto Diocese, Matthew Kukah and the President of the Chartered Institute of Taxation of Nigeria (CITN), Samuel Agbeluyi yesterday backed the ongoing attempts by the federal government to reform the country’s tax system.

However, Kano State House of Assembly following deliberations by its members led by the Speaker, Ismailia Falgore, strongly opposed the tax reform bills.

The tax bills currently before the National Assembly, have received mixed reactions from stakeholders, receiving commendations from a cross-section of Nigerians and condemnation from some other parts.

Speaking further, Idris said the resources to be conserved and realised from the reforms would be invested in critical infrastructure, including healthcare, education, transportation, digital technology, and social investments that will benefit all Nigerians and ensure that no one is left behind.

The minister stressed that President Bola Tinubu would always act in the interest of the Nigerian people. He described as inspiring and a definition of the very essence and meaning of democracy the views expressed by Nigerians from all walks of life on the matter which is of critical national importance.

“I call on all commentators and groups to keep up the spirit of informed engagement and to strive to be respectful and understanding at all times despite the diversity of opinions.

“In the spirit of democratic engagement, there should be no room for name-calling, or the injection of unnecessary ethnic and regional slurs into this important national conversation.

“Similarly, it is important to be aware that there is a lot of misinformation and fake news circulating around the tax bills and the overall reform agenda of the Tinubu Administration. The fiscal reforms will not impoverish any State or region of the country neither will they lead to the scrapping or weakening of any federal agencies.

“Instead, they will bring relief to tens of millions of hardworking

Nigerians across the country and empower and position our States and the 774 Local Governments for sustainable growth and development,” Idris stated.

The minister explained that Tinubu was implementing an ambitious fiscal reform agenda that would devolve more resources to Nigeria’s state and local governments and ultimately to the Nigerian people, in the spirit of harnessing democracy that works for the people.

He equally assured that the government has no hidden motive that would warrant the suggestion that the process is being rushed, stressing that in line with the established legislative procedure, the federal government welcomes meaningful inputs that can address whatever grey areas there may be in the bill.

Idris also noted that in line with the concern, President Tinubu has already directed the Federal Ministry of Justice and relevant officials who worked on the drafts to work closely with the National Assembly to ensure that all genuine concerns have been addressed before the bills are passed.

The minister stated: “We are indeed witnessing, at this moment

in the history of Nigeria, the most far-reaching, impactful and beneficial set of fiscal reforms that Nigeria has seen in decades.

“In addition to the four tax bills being debated and deliberated upon, there is also the 2023 Supreme Court ruling on financial autonomy for local governments, which will significantly empower the tier of government that is closest to the Nigerian people.

“In all, these reforms will not only facilitate increased revenues (without imposing additional tax burdens on the people), they will also make it possible for citizens to demand and enjoy greater accountability in the management of public resources at all levels of government.”

He assured the public that in keeping with the Renewed Hope Agenda, the Tinubu administration would continue to champion policies that close the loopholes and gaps through which Nigeria’s valuable public resources have been frittered away for decades.

Senate: We're Doing Wider Consultations On Tax Reform Bills

NIGERIA, S’AFRICA AGREE TO FINALISE FIVE-YEAR-OLD EARLY WARNING MECHANISM MOU

The joint communique, read by South Africa's Minister of International Relations and Cooperation, Ronald Lamola, said the two leaders underscored the urgent need to finalise the MoU.

"To this end, it was agreed that the MoU will be signed no later than March 2025, during the visit of the South African Minister of International Relations and Cooperation to Nigeria for political consultations," Lamola said. Tinubu and Ramaphosa welcomed the ongoing negotiations to conclude other new agreements.

According to the communique, both leaders renewed their commitment to work closely to broaden and sustain the two nations' bilateral relationship to enhance strategic cooperation and partnership for mutual benefit.

"In this regard, the Heads of State and Government directed the various Ministries, Departments and Agencies to deepen their cooperation in the context of the BNC.

"The Heads of State and Government welcomed the high levels of economic cooperation between the two countries.

"In this regard, they welcomed the significant investments of South African companies in Nigeria and encouraged corresponding Nigerian investments in the South African economy.

"The leaders recognised the need for the two countries to create an enabling business environment," the joint communique read further.

On the African Continental Free Trade Area (AfCFTA), which both Nigeria and South Africa have ratified, the two leaders committed to working towards increased and balanced trade between the two countries by utilising the opportunities provided by the agreement.

Nigeria and South Africa also agreed to collaborate on programmes that address mutual challenges in food and nutrition security, strengthen meaningful digital connectivity, and take leadership in developing artificial intelligence.

They also committed to expanding digital literacy initiatives and prioritising data protection and online safety

for all citizens.

Nigeria and South Africa affirmed their resolve to coordinate their positions on the upcoming African Union elections to ensure the election of candidates committed to advancing the continent's development agenda. They reiterated their mutual support for equitable representation within African Union institutions that reflect the continent's diverse perspectives.

South Africa congratulated Nigeria on the reappointment of Dr Ngozi Okonjo-Iweala as the Director General of the World Trade Organisation, as both countries agreed to work closely together in international organisations.

South Africa solicited Nigeria's support for its candidate, Ms Swazi Tshabalala, for the position of President of the African Development Bank.

Equally, Nigeria solicited South Africa's support for the re-election of Ambassador Bankole Adeoye as the African Union Commissioner for

Political Affairs, Peace and Security.

The heads of states and Governments are committed to working closely with the African Union and each other to advance the African Agenda in pursuit of the implementation of Agenda 2063.

Nigeria highlighted its efforts, as well as those of other members of the ECOWAS bloc, to foster and promote peace and security.

South Africa outlined the efforts so far undertaken by the Southern African Development Community to support peace initiatives in the eastern Democratic Republic of the Congo and northern Mozambique.

"The Delegations also underscored the need to redouble efforts to realise the African Union Agenda 2063

Aspiration to "Silence the Guns".

"In this regard, the Heads of State and Government expressed concern at the devastating conflict in Sudan, which has resulted in the loss of lives,

destruction of infrastructure and property and a humanitarian crisis.”

Similarly, the two presidents agreed to intensify support for the cause of Western Sahara for self-determination, freedom, and justice.

Nigeria congratulated South Africa on its assumption of the G20 Presidency on December 1, 2024.

It commended South Africa on its priorities, which were inclusive economic growth, industrialisation, inequality reduction, food security, artificial intelligence, data governance, and innovation.

On the escalating crisis in the Middle East, the two countries adopted a joint position calling for an immediate ceasefire and a return to diplomacy.

They emphasised the importance of upholding international humanitarian law, ensuring the protection of civilians, and promoting sustainable peace in the region.

The Senate yesterday said it will embark on wider consultations with critical stakeholders before embarking on the public hearing over the landmark tax reform bills.

Chairman, Senate Committee on Finance, Senator Sani Musa, disclosed this while briefing journalists.

He said the tax reform bills are sensitive fiscal documents that should be handled with care even as he said it was the way to go.

He said, “Another aspect which is very sensitive is tax reform. Every country that wants its economy to change will, from time to time have to look at those parameters to move the country forward.

“I have said it times without number on the floor that tax is not a tool of economic growth, what you will see that will change the face of the economy of any nation is production and it is out of that production that you can make and realise the taxes.

“So, for me, the issue of Tax Reform is before us and we are doing wider consultation.

“It's not about this region or that region. For me, it's about Nigeria and what is good for me should also be good for my brothers while what is good for my brothers should also be good for me.

“Nigerians should allow the committee and the National Assembly to do the needful and at the right time, we shall make the right statement about this.”

Meanwhile, the billionaire Chairman of the Senate Committee on Inter-parliamentary Relations, Senator Jimoh Ibrahim, has advocated the imposition of transactional taxes on rich Nigerians.

He told journalists at a press briefing in Abuja that the rich Nigerians are not paying adequate taxes to the federal government especially when they acquire luxury items.

The lawmaker, who is representing Ondo South Senatorial District in the National Assembly disclosed that he was working on a bill that would impose transactional tax on the rich.

He said, “The rich in Nigeria aren't paying adequate tax. They needs to pay more. It is comfortable for them to pay.

“I know they say they generate

employment but they need to pay more on their luxury assets.

“This is the area we should develop. I am looking at a law that will actually impose transactional tax on the rich.

“Government provides incentives for your businesses. The GDP-to-tax ratio is 18 percent in Nigeria. About 72 percent are left out of the tax net.

“We should be worried that 72 percent are not in the tax net. I am not saying we should go and tax the poor population but the rich need to do more in this difficult times,” Ibrahim added.

Kukah, CITN Back FG’s Tax Bills, Seek More Transparency, Data-driven Decisions

The Catholic Bishop of Sokoto Diocese, Matthew Kukah and the President, CITN, Samuel Agbeluyi also backed the ongoing attempts by the federal government to reform the country’s tax system. Kukah, who spoke on national television, pointed out that when implemented, the proposed legislations have the potential to curb the financial recklessness of the political elite in the country.

Describing the reforms as a step towards better fiscal management and a remedy for financial mismanagement in the country, the vocal catholic cleric argued that effective reforms were essential to setting Nigeria on the path to sustainable progress.

“I am excited because this conversation offers an opportunity to address and end financial recklessness. It is ironic that Nigerians, despite living in a richly endowed country find themselves spectators to the rascality and irresponsibility of the elite who mismanage our resources.

“These reforms should help transform the narrative and ensure the efficient management of our resources. I am hopeful that this marks the beginning of a long journey towards fiscal responsibility and the development of the nation we all aspire to build,” Kukah maintained. The founder of the Kukah Centre, however, advised the

SENATE PASSES 2025-27 MTEF-FSP, PROBES NNPCL OVER N11.54TN SUBSIDY FUNDS, UNREMITTED TAXES

by reports from the Nigeria Extractive Industries Transparency Initiative (NEITI) and the Revenue Mobilisation, Allocation, and Fiscal Responsibility Commission (RMAFC).

That was as the Office of the Auditor-General of the Federation (AuGF) said it had received the necessary and complete documents required to verify the N2.7 trillion fuel subsidy claim by NNPCL against the government.

Chairman, Senate Committee on Public Accounts, Senator Aliyu Wadada, corroborated the claims of the AuGF on the floor of the Red Chamber yesterday, when he said the NNPCL team had been consistently shunning his panel's summons over the matter.

Wadada said the Federal Inland Revenue Service (FIRS) also showed up with cooked documents it claimed were from international finance firm, J.P. Morgan.

He did not spare the Central Bank of Nigeria (CBN), as he accused the apex bank of failing to remit its profits on Ways and Means, totalling N6 trillion, since 2023, into the Federation Account.

The House of Representatives had last week passed the MTEF-FSP.

Like the senate, the House also asked its Committees on Finance, Petroleum Upstream, as well as Petroleum Downstream to investigate reports from RMAFC over allegations that NNPCL withheld N8.48 trillion as claimed subsidies for petrol.

The investigation will address the Nigeria Extractive Industries Transparency Initiative’s report stating that NNPCL failed to remit $2 billion (N3.6 trillion) in taxes to the federal government.

The committees were further directed to verify the total cumulative amount of unremitted revenue (under-recovery) from the sale of Premium Motor Spirit (PMS) by NNPCL between 2020 and 2023.

Some of the recommendations in the MTEF, as adopted by the House, were: projected oil benchmark prices of USD75, USD76.2 and USD75.3 per barrel for 2025, 2026 and 2027, respectively; and three-year projections for domestic crude oil production of 2.06, 2.10 and 2.35 million barrels

per day for the subsequent years of 2025, 2026 and 2027, respectively.

Others were GDP growth rate at 4.6 per cent, 4.4 per cent, and 5.5 per cent for years 2025, 2026 and 2027, respectively.

The senate, in its version passed yesterday, approved the exchange rate projection of N1,400 to a dollar for the 2025-2027 with a provision for review in early 2025, based on prevailing monetary and fiscal policies.

The upper chamber also resolved that any excess on the official figure would be used for debt servicing.

In its resolutions, the senate adopted inflation rate projections of 15.75, 14.21 and 10.04 per cent for 2025, 2026 and 2017, respectively.

Part of the resolutions read, “The 2025 Federal Government of Nigeria budget proposed spending of N47.9trilion of which N34.82 trillion is retained. New borrowings stood at N9.22tn, made up of both domestic and foreign borrowings.

“Capital expenditure is projected at N16.48 trillion with statutory transfers standing at N4.26 trillion and sinking

funds projected at N430.27 billion.

“Debt service was valued at N15.38 trillion; pensions, gratuities and retirees’ benefits stood at N1.443 trillion and fiscal deficit at NGN13.08 trillion.

“That the capital expenditure is projected at N16.48 trillion which is exclusive of transfers. Statutory transfers stand at N4.26 trillion, while Sinking Fund is projected at N430.27 billion.

“The committee approves the respective figures for total recurrent (non-debt) at N14.21 trillion; special intervention for recurrent and capital is at NGN200 billion and N7 billion.

“That the National Assembly do approve the Promissory Note Programme and Bond Issuance to settle outstanding claims and liabilities of federal government owed to states, high priority judgments as well as liabilities incurred by federal ministries, department and agencies on behalf of government.

“That the Committee recommends that a quarterly investigative hearing with revenue generating agencies to track their compliance with the Fiscal

Responsibility Act and punish those in clear contravention of the Act.

“That the Committee on Finance review and initiate inquiry into the implementation of the Nigerian Export Supervision Scheme (NESS) Act, specifically focusing on the inspection and monitoring of oil and gas exports by the Ministry of Finance and the Central Bank of Nigeria (CBN).

“This is to ensure effectiveness, compliance, and oversight mechanisms under the Act, identify gaps or challenges, and enhance revenue for the Government, through transparency, accountability and efficiency of export supervision in line with national economic objectives.

“That the Committees on Finance and Customs to initiate an investigative inquiry into the operations of the Import Duty Exemption Certificate (IDEC) programme, with a focus on the administration of import waivers and their impact on revenue losses by the Ministry of Finance and the Nigeria Customs Service.

in Abuja

PenCom DG, Omolola Oloworaran

CHRISTMAS

UBA FOUNDATION GARDEN IN MARINA...

L-R: CEO, UBA America, Sola Yomi Ajayi; Executive Director, Alex Alozie; Group Deputy Managing

and

Alleged N76bn Fraud: Court Orders Arrest of Ex-AMCON Boss, Ahmed Kuru

Wale Igbintade

Justice Mojisola Dada of the Special Offences Court in Ikeja, Lagos, yesterday issued a bench warrant for the arrest of Ahmed Lawal Kuru, the former Managing Director of the Asset Management Corporation

of Nigeria (AMCON), over alleged fraud involving N76 billion and $31.5 million.

The bench warrant was issued after Kuru failed to appear in court for his arraignment. The court had scheduled the arraignment of Kuru alongside Captain

Roy Ilegbodu, the Managing Director of Arik Air; Kamilu Omokide, the receiver-manager of Arik Air; Union Bank PLC; and Super Bravo Limited. They face six charges, including making false statements, fraudulent conversion, abuse of office, stealing, and dishonest conversion of property,

all brought against them by the Economic and Financial Crimes Commission (EFCC).

The Economic and Financial Crimes Commission (EFCC) alleged that in 2011, Union Bank Nigeria Plc caused the unwarranted sale of Arik Air’s loans and bank guarantees by

Nigerian Army Vows to Suppress Subversive Elements, Nation's Adversaries

The Nigerian Army (NA), yesterday, vowed to use all instruments within the ambit of the law to clamp down on subversive elements and other adversaries of the state to deny them freedom of action with a view to guaranteeing peaceful coexistence and economic prosperity.

The service also called on all law-abiding citizens to play their part in the collective desire for a peaceful and prosperous Nigeria.

The Chief of Army Staff (COAS), Lt. Gen. Olufemi Oluyede, stated this while declaring open the Directorate of Army Public Relations/Nigerian Army School of Public Relations and Information Media Workshop 2024, themed, "Leveraging Digital/ Social Media Influence for Effective Military Operations Within a Joint Environment".

Represented by Chief of Civil Military Affairs (Army), Maj. Gen. Nosakhare Ugbo, the COAS insisted that attainment of peace as we know is the collective responsibility of all citizens.

His words: "May I at this point reiterate that the Nigerian Army remains highly committed to her constitutional role of defending the nation and ensuring her democratic stability.

"We are readily available to fully support the civil authority in whatever capacity that guarantees the protection of lives and property of our citizens, which is considered the only panacea for development and progress in the country.

"We remain resolute in doing everything at our disposal and within the ambit of the law to ensure that elements of subversion and adversaries of the state do not

succeed in destabilizing our great nation."

In achieving this, he said the Nigerian Army is always ready to continually collaborate and cooperate with the media, stating that "we will among other aspect of human development, continue to build the capacity of our personnel through training of this kind both at home and abroad".

In his remarks, the Director, Army Public Relations, Maj. Gen. Onyema Nwachukwu, said the contemporary security challenges confronted by the Nigerian Army and the Armed Forces of Nigeria require galvanizing public support and understanding as force multipliers in the ongoing efforts to address these challenges.

He stated that the lukewarm attitude towards the military by some section of the media in recent times is generating a lot of public

Determined to Improve Productivity of Nigerian Workers, Says

The Director General of the National Productivity Centre (NPC), Dr. Baffa Babba Dan Agundi, has expressed his determination to work towards transforming the country's human resources into a highly productive sector.

He said the agency is cultivating and leveraging ideas and partnerships to boost productivity and create jobs across Nigeria.

He emphasized the importance of ideas and partnerships as key drivers to overcoming Nigeria's current economic challenges.

He noted that under his leadership, the NPC would collaborate with government agencies, international organizations, NGOs, and other partners to promote a culture of productivity and create sustainable jobs that engage Nigerian youths in meaningful economic activities, fostering economic growth and improving living conditions for citizens.

The NPC DG stated these during

a media parley in Abuja organized by the Labour Correspondents Association of Nigeria (LACAN) in partnership with the International Labour Organisation (ILO) and supported by the Nigeria Labour Congress (NLC), Trade Union Congress Nigeria (TUC), and Nigeria Employers Consultative Association (NECA).

Speaking on the new focus of NPC, the DG said the organisation is working with industries, SMEs, and all levels of government to implement cutting-edge productivity solutions.

“At NPC, our commitment aligns with President Bola Ahmed Tinubu’s agenda of growing Nigeria’s GDP to $1 trillion by 2027 and creating decent jobs for citizens. We are working with industries, SMEs, and all levels of government to implement cutting-edge productivity solutions,” Dr. Dan Agundi stated. He highlighted initiatives aimed at reducing youth unemployment without relying on government funding.

Through partnerships with Sicilsaldo Contracting Nigeria Limited and Accolade Dynamics, over 300,000 Nigerian youths are set to gain training and job placement opportunities in fields such as industrial pipefitting and artificial intelligence, he noted.

“We have signed agreements with Sicilsaldo for industrial skills training and job placements, and with Accolade Dynamics to onboard 200,000 NYSC members onto an AI platform. This will equip youths with the skills required to meet global job market demands,” Dan Agundi explained.

He also noted his agency's efforts at addressing food security and unemployment. "The Centre launched an innovative Aquaponics and Greenhouse Technology Empowerment Programme aimed at training over 100,000 youths in modern agricultural practices," he said.

Additionally, he revealed that the NPC has partnered IMD to analyze 340 productivity indicators.

concern and debate, not only within the military but equally in various parts and sectors of the polity.

According to him, "The ability of some social media influencers to deliberately spread hoax or distorted information with the aim of intentionally dis-informing, misinforming and misleading members of the public on the activities of the military thereby causing palpable fear and anxiety to promote other sinister motives has become a potential threat to our national security and a menace to the global information space".

Welcoming participants to the media workshop, the Commandant Nigerian Army School of Public Relations and Information, Lt. Col. Adamu Ngulde, averred that in modern warfare, the media plays a pivotal role in any successful military operation.

He said this is because the media space has become the ultimate decider of who wins or loses a war.

making false statements to AMCON regarding Arik Air’s performing loans, later transferring N71 billion to AMCON.

The Commission further claims that Kuru, Omokide, and Ilegbodu stole and fraudulently converted N4.9 billion for their own use through NG Eagle Limited in 2022.

The EFCC also accused Ilegbodu, in his role as MD/CEO of Arik Air Ltd in receivership, of stealing N22.5 million in May 2024, which he fraudulently converted for the use of Magashi Ali Mohammed's property of Arik Air Ltd.

Additionally, the Commission stated that on July 11, 2019, Kuru and Omokide, in their roles as public officers, incorporated NG Eagle Limited (RC Number 1600277) to secure undue advantage for themselves and their associates.

The accused parties are also alleged to have authorized the destruction of a Boeing aircraft, valued at $31.5 million, on February 12, 2022, in an arbitrary act harmful to the economic stability of Nigeria and Arik Air.

On November 29, 2023, the defendants allegedly converted three Boeing aircraft, registered 5N-MJG, 5N-MJN, and 5N-MJE, belonging to Arik Air, for use by Super Bravo Limited.

The EFCC charges that these offenses contravene various sections of the criminal law of Lagos State, including Sections 96, 278(1)(a), 278(1) (b), and 278(6) of the Criminal Law of Lagos State (2011 and 2015).

The scheduled arraignment on Tuesday was disrupted by Kuru’s absence, as well as the absence of his

lead counsel, Olasupo Shasore SAN.

During the court session, the prosecution, led by Dr. Wahab Shittu, SAN, announced his appearance, while Taiwo Osipitan, SAN, represented Omokide and Ilegbodu.

Olalekan Ojo, SAN, announced his appearance for the fourth defendant (Union Bank of Nigeria Plc), while Tayo Oyetibo, SAN, appeared for the fifth defendant (Super Bravo Limited), and I.B. Amefula appeared for the second defendant holding a brief of Olasupo Sashore (SAN).

However, Kuru, the second defendant, was absent and not represented, prompting the court to issue a bench warrant for his arrest.

Shittu argued that Kuru had repeatedly skipped administrative bail granted by the EFCC, was uncooperative, and had blocked all communication with the commission, making him unavailable at his residence.

Justice Dada granted the prosecution's request and issued the bench warrant for Kuru’s arrest.

Amefula apologised to the court for their earlier absence, saying that they were from the Chambers of, Olasupo Shasore, SAN. He said that Shasore was not in the country and that he would like to appear for Kuru personally.

He requested the revocation of the bench warrant, but Justice Dada ruled that the warrant would remain in effect until Kuru’s appearance at the next adjourned date. The case has been adjourned until January 20, 2025, for the arraignment of the defendants.

Olusegun Samuel in Yenagoa Bayelsa State Acting Governor, Senator Lawrence Ewhrudjakpo, has urged the Nigerian Content Development Monitoring Board (NCDMB), to engage grassroots stakeholders by incorporating diverse perspectives towards ensuring that their strategies were inclusive and reflective of the aspirations of all Nigerians.

Senator Ewhrudjakpo stated this while declaring open the 13th edition of the Practical Nigerian Content Forum held at the Local Content Towers in Yenagoa, the state capital.

Speaking on the theme, "Deepening the Next Frontier For Nigerian Content Implementation," the acting governor urged participants of the forum to move beyond dialogue to implementation with a view to ensuring that the outcomes of the conference drive real and meaningful change.

Ewhrudjakpo, described the theme

as forward-looking and enjoined participants to engage actively with a focus on transforming ideas into actionable strategies that would yield lasting impacts.

According to him, "Leveraging technology and empowering local talent will create a vibrant ecosystem that promotes creativity, entrepreneurship and sustainable development.”

The acting governor commended the NCDMB for their leadership and commitment to advancing Nigerian content that had established a framework for excellence and innovation.

He assured that: "Bayelsa remains steadfast in its collaboration with the NCDMB and other credible partners across various sectors such as energy, agriculture, healthcare and tourism which aligns with the state’s ASSURED Prosperity Agenda.

"Let us focus on building resilient and sustainable frameworks that enable communities to actively participate in emerging sectors par-

ticularly the digital economy. This will ensure shared prosperity and a future where no one is left behind.

"Together, we can redefine the landscape of Nigerian content implementation. By fostering innovation, inclusivity, and strategic partnerships, we can unlock new frontiers for growth and sustainable development."

In his keynote address, the Executive Secretary, NCDMB, Engr. Felix Ogbe, highlighted some of the milestones achieved in the last 7 years to include commissioning of the new library at the Niger Delta University, Amassoma, in partnership with Shell Petroleum Development Company and other joint partners.

Others include commissioning of the Kwale Gas Gathering and injection facility in Delta State, commissioning of 150 LPG in Kaduna State as well as inauguration of gas leak detection facility in Abuja as some of the achievements recorded.

LIGHT UP AT THE

Director, Chukwuma Nweke; GMD/CEO, Oliver Alawuba; CEO UBA Africa, Abiola Bawuah; Executive Director, Ugo Nwaghodoh;

Regional Director, East Bank, Chioma Mang, during the Christmas Light Up, to herald the Yuletide at the UBA Foundation Garden in Marina on Monday

Onyebuchi Ezigbo in Abuja

Linus Aleke in Abuja

NATIONAL CRISIS SIMULATION EXERCISE, 'OPERATION RAPID RESPONSE 1...

In Breach of Protocol, Ekiti Police Arrest Rights Activist, Dele Farotimi, in Lagos

Obi decries devt, says it’s misuse of power Defamation not crime in Lagos, declares NBA

Chiemelie Ezeobi in Lagos and Chuks Okocha in Abuja

Renowned activist and lawyer, Dele Farotimi, was yesterday arrested in Lagos by operatives of the Ekiti State Police Command without prior notification to the Lagos State Police Command or Zone 2 Command.

Sources revealed that the Ekiti State officers stormed Lagos and picked up Farotimi in a “gestapo-style", leaving both the Lagos State Command and Zone 2 Command in the dark until the incident went public.

The arrest was carried out without logging or booking the case in Lagos or informing relevant authorities in the state, as required by law.

Instead, Farotimi was immediately transported by road to Ekiti State.

Reacting to the incident, Assistant Inspector General of Police (AIG) Zone 2 Command, Adegoke Fayoade, denied his command’s involvement in the arrest.

Fayoade clarified that Farotimi had been invited to Zone 2 two weeks ago over a petition by businessman, Tony Elumelu, but was subsequently released.

A respected senior lawyer was fingered in the arrest.

“Zone 2 did not arrest Farotimi. He was here two weeks ago based on the letter by Elumelu’s lawyer. I later told him to go. We have not invited him back for anything,” Fayoade stated.

Similarly, Commissioner of Police, Lagos State Command, Olanrewaju Ishola, denied involvement of the Lagos command in the arrest.

The presidential candidate of

Labour Party (LP) in the 2023 general election, Peter Obi, condemned Farotimi’s arrest, describing it as a gross misuse of police powers.

In a statement, Obi said, "I just learnt of the arrest of Dele Farotimi, a respected human rights lawyer and advocate, over an allegation of defamation. This action is a gross misuse of police powers and a grave assault on the principles of democracy and justice in Nigeria.

"I condemn this action in totality. It represents not only an attempt to intimidate opposing voices from questioning authority. It is also a worrying signal to every Nigerian who loves and values freedom of expression and dares to demand accountability and transparency.''

Obi said the police existed to protect the rights of citizens, not to suppress them.

Obi stated, ''Defamation, by its nature, is a civil matter that should be addressed in court through due legal process in line with the dictates of the rule of law in a democracy.

''As a private citizen, former governor, and even today, I am frequently defamed, insulted, and lied about and against. Yet, I have never resorted to using the Nigeria Police or filing reports to silence others.

''Those who feel otherwise should seek redress through the proper legal channels, not by weaponising the police or abusing their access to authority or state power. The resort to police action, in this case, reeks of abuse of power and raises serious concerns about the independence and professionalism of the police as a civil force.

''I hereby request that Dele Farotimi should be released immediately and unconditionally. The police must recognise that their allegiance is to the constitution and the people of Nigeria, not to narrow interests at the behest of those in power.”

Activist and politician, Omoyele Sowore, who confirmed the arrest via X, formerly Twitter, also called the incident an abuse of police authority.

Sowore disclosed that he had spoken with the Commissioner of Police, Ekiti State Command, Kunle Akinwale, who admitted carrying out the arrest.

Sowore, who argued that the case was civil in nature and did not warrant such drastic police intervention, alleged that a businessman and a lawyer were behind Farotimi’s ordeal.

Farotimi’s arrest sparked widespread condemnation, with critics pointing to violation of inter-state arrest protocols.

The Nigerian Bar Association (NBA) strongly condemned the arrest of lawyer Farotimi and the reported invasion of his law firm by law enforcement agents.

In a statement, NBA President, Afam Osigwe (SAN), described the

action as a “troubling breach of the rule of law” and an affront to the legal profession.

Osigwe emphasised that defamation was not a criminal offense under the laws of Lagos State, citing the Criminal Law of Lagos State 2011, which repealed the criminalisation of defamation. He also referenced a 2021 Supreme Court ruling that affirmed this position.

“Arresting individuals for noncriminal matters, such as defamation in Lagos State, is not only unlawful but also a blatant violation of the principles of legality and the rule

of law,” Osigwe stated. The NBA president further condemned the reported invasion of Farotimi’s law firm and the harassment of lawyers and staff, including the seizure of their phones. He described the actions as a “severe disregard for the sanctity of legal practice and the constitutional rights of individuals”.

Osigwe demanded the immediate release of Farotimi, stating that his arrest lacks any legal basis. He also called for a swift investigation into the invasion of the law firm, with those responsible held accountable.

Enugu Govt Seeks More Private Sector Investment to Reverse Medical Tourism

As state labour leaders confirm “we received N80,000 minimum wage in November”

The Enugu State Government has called on private investors in Nigeria and the diaspora to invest in the provision of healthcare infrastructure in the state in other to reverse the trend of medical tourism.

Governor Peter Mbah made the call yesterday in Enugu, during the grand opening ceremony of Health Focus Diagnostics Nigeria, a Medical Diagnostics centre established by Health Focus, a German consultancy working to strengthen health systems across Africa and Unimedical Healthcare.

Meanwhile, the organised labour in Enugu State has refuted the media reports that the new minimum wage was yet to be paid in the state, saying that the implementation of the N80,000 minimum wage, which is above the N70,000 national minimum wage, commenced in November 2024.

The workers also said that they had no plan to go on strike since.

In his address during the grand opening ceremony of Health Focus Diagnostics Nigeria, Governor Mbah, represented by his deputy, Ifeanyi Ossai, said that it is worrying that Nigerians spend over

Lagos Health Commissioner Canvasses Increased Investment in Local Laboratory Testing

Mary Nnah

The Lagos State Commissioner for Health, Prof. Akin Abayomi, has called for increased investment in local laboratory testing, emphasising the need to build capacity and improve turnaround time for test results.

Abayomi made this call during the grand opening ceremony of Cerba Lancet Nigeria's reference laboratory in Surulere, Lagos, at the weekend. The event also marked the unveiling of the company's new name.

The Commissioner commended Cerba Lancet Nigeria for its commitment to improving healthcare in Nigeria, stating the company's investment in local testing will help reduce the country's reliance on foreign laboratories.

He also highlighted the importance of preventive medicine, noting that regular check-ups and early detection of diseases can help prevent complications and improve health outcomes.

"In Lagos State, we are committed to providing our citizens with access to quality healthcare services," Abayomi said.

"We believe that preventive medicine is key to achieving this goal, and we are happy to partner with Cerba Lancet Nigeria to make this a reality”, he added.

In his remarks, the Honorable Minister for Education, Dr. Tunji Alausa, praised Cerba Lancet Nigeria for its contributions to Nigeria's healthcare sector, stating the company's investment in the country

will yield significant returns.

“The good thing is that health and education is a continuum. And when you talk about social protection, the social sector of any country, it's education, health, and social protection. It's all interwoven. It's all connected," Dr. Alausa said.

He also commended the MD/ CEO of Cerba Lancet Nigeria, Dr. Olayemi Dawodu, for her dedication to improving healthcare in Nigeria.

"I'm not surprised at all that you took after your father,” Dr. Alausa said, adding, "He was a renowned professor, and I'm glad to see that you're following in his footsteps."

The Group CEO, Cerba Lancet Africa, Matthieu Gogue, emphasised the company's commitment to improving healthcare in Africa,

stating that Cerba Lancet Nigeria's new reference laboratory is equipped with state-of-the-art technology and offers a comprehensive range of diagnostic services.

"We are committed to providing high-quality diagnostic services that meet international standards," Gogue said, adding, "Our new reference laboratory in Lagos is a testament to this commitment, and we are proud to be partnering with the Lagos State Government to improve healthcare outcomes in Nigeria."

The MD/CEO, Cerba Lancet Nigeria, Dr. Olayemi Dawodu, expressed her delight at the opening of the new laboratory, stating that it marks a new chapter in the evolution of healthcare in pathology and diagnostics in Nigeria.

$1.5bn on medical tourism annually contributing to the economy of other countries instead of investing back home to build a strong healthcare system.

He, however noted that with the right investment, Enugu State can become the health tourism destination of Nigeria, adding that the state was best suited for investments in healthcare infrastructure, boasting of over over 9 health institutions producing medical doctors and other healthcare professionals.

His words: “We need more facilities like this in Enugu state where people can come to seek medical care because no society develops without access to healthcare. Rather than jumping out of the country, we must begin to invest in public healthcare, this is the time for our people to come home and invest in healthcare.”

Earlier in her address, Director of Health Fous, Dr. Gerlinde Reiprich, said that the facility represents a unique collaboration between partners from Nigeria and Germany, working together to advance diagnostic excellence.

She explained that the facility will focus majorly on two key areas, including cancer screening and diagnostics and combatting Antimicrobial Resistance (AMR), which is a growing global threat while also pledging that the hospital will ensure that every patient consistently receives optimal care and treatment from their healthcare providers.

On his part, the Director of

Unimedical Healthcare, Mr. Kevin Onah, said that the centre houses world-class facilities for carrying out diagnostic tests such as X-rays, CT scans, MRIs, Ultrasound, blood test and other tests.

He noted that Enugu's conducive business environment, coupled with the inspiring vision of the Governor and his Deputy Governor and the entire team informed the decision to invest in the state.

“We want to assure our people that they will get the best of healthcare delivery at an and affordable cost,” he said. “We also plan to establish outlets across the state where we can collect samples and then, carry out the test in our facility in real time.”

Meanwhile, the organized labour in Enugu said that observed discrepancies in consequential adjustment in the implementation of the N80,000 minimum wage had already been conveyed to Governor Peter Mbah and nursed no doubts that it would be addressed subsequently, as he had already earned workers’ trust by his commitment to their welfare since his assumption of office.

This was made known in a joint statement in the state capital on Tuesday by the Chairman, Nigeria Labour Congress, NLC, Enugu State Council, Comrade Fabian Nwigbo; Chairman of the Trade Union Congress, TUC, Comrade Ben Asogwa; and the Chairman of the state’s Joint Public Service Negotiating Council, JNC, Comrade Ezekiel Omeh.

Gideon Arinze in Enugu

L-R: Director General, National Emergency Management Agency, (NEMA), Mrs Zubaida Umar; Director, Presidential Crisis Communication Command and Control Centre, Rear Admiral Robert Obeya; and British Subject Matter Expert, Brigadier Tom Harper, during the national crisis simulation exercise, 'Operation Rapid Response 1' organised by Office of the National Security Adviser and held at Idu Railway Station, Abuja…recently

Email: deji.elumoye@thisdaylive.com

Amid Opposition, Tax Reform Bills Pass Second Reading at Senate

The Senate recently passed for second reading the four tax reform bills sent to it by President Bola Tinubu with the belief that the controversy associated with some provisions of the bills may be addressed during the public hearing. Sunday Aborisade reports.

The Senate last Thursday passed the tax reform bills for second reading amid tension despite a one hour close-door session to calm frayed nerves so that the federal lawmakers csn have a smooth debate on the general principles of the fiscal legislations.

The proposed landmark bills are the Nigeria Tax Bill; the Nigeria Tax Administration Bill; the Nigeria Revenue Service Establishment Bill and the Joint Revenue Board Establishment Bill.

Leader of the Senate, Senator Opeyemi Bamidele, read the lead debate when the close session ended.

According to him, the set of four legislative proposals will increase Value Added Tax (VAT) distributable to the subnational governments to 55% while reducing the federal government’s share to 10%.

Bamidele said the new legislative regimes also proposed zero VAT on exports and essential consumptions by the masses and grant of input VAT credit on assets and services in addition to goods consumed by businesses to lower the cost of production

He reeled out far-reaching proposals contained in the Tax Reform Bills, which, according to him, aims at simplifying the tax landscape, reducing the burden on small business and streamlining how taxes are collected.

When the floor was yielded to Senators who wanted to contribute, the Chairman, Senate Committee on Finance, Senator Sani Musa, urged his colleagues to give the bills chance to pass through normal legislative process while those who have dissenting voices should do so constructively.

Similarly, the Senator representing Bayelsa West, Seriake Dickson, commended the executive for coming up with the landmark tax reform bills.

He said the fiscal legislation would entrench fiscal federalism in Nigeria if passed into law.

The former Bayelsa state governor noted that Nigerians were paying tax and the government at various levels have been using it to execute developmental projects since the colonial era.

He said the situation changed when oil was discovered and the sub regional government started relying on the federal government for federal allocation.

He noted that some stakeholders objected to the bill because there was no proper consultation.

According to Dickson, “The position of the Nigerian Governors Forum is legitimate. The executive should carry out more enlightenment on the bills. As a federalist, which I’ve been all my adult life, I see these bills as a move towards entrenching fiscal federalism in Nigeria, which I fully support.

“I use this opportunity to call on all my colleagues to agree that these bills, all four of them, should be passed for second reading to enable our committee and the experts and the general public engage in accordance with our rules. The tax reform bills when passed to law, will entrench fiscal federalism in Nigeria”.

President of the Senate, Senator Godswill Akpabio, who presided over the plenary thereafter invited former Senate Leader, Senator Ali Ndume (Borno South), to make his remarks on the bills.

Rather than contributing to the debate on the general principles of the bills, Ndume said the timing for the bills introduction was wrong and advised that they should be withdrawn for proper consultation in order to get the buy-in of the critical stakeholders who are opposed to it.

He urged the Senate to consider the sensitivities of the moment, by adopting a more strategic approach to avoid

backlash.

Ndume then advocated that the bills be temporarily withdrawn to allow for more consultation with state governors, the National Economic Council (NEC), and traditional rulers. He emphasised that the reforms would be more effective if they had the buy-in of the critical stakeholders, suggesting that swift passage could occur after such consultations.

Ndume said, “Let it be on record that my problem with the bills is the timing. Number two is the issue of derivation. The issue of derivation made the reform contagious, contaminated, and contradictory in some cases. This is because the constitution has to be amended in order for some of these proposals to be effective. I’m glad we are doing a constitutional review. So even if it means reviewing the constitution.

“I agree that we should not throw away the baby with the bathwater. I would have preferred we remove the baby and throw away the water first. And that is to go with what the governors and NEC proposed. The bills should be withdrawn and re presented to the National Assembly again after getting the buy-in of the governors and NEC and even our traditional rulers.

“Let’s be honest with ourselves. If we sit down here, work on these bills, assuming as it is now, there may be a backlash. This is because the governors have not come out publicly to change their position, the traditional rulers have not sat down publicly to change their position. NEC have not sat down to change

Rather than contributing to the debate on the general principles of the bills, Ndume said the timing for the bills introduction was wrong and advised that they should be withdrawn for proper consultation in order to get the buy-in of the critical stakeholders who are opposed to it. He urged the Senate to consider the sensitivities of the moment, by adopting a more strategic approach to avoid backlash.

their position.

“As for me. I looked at the bill which contains so many good things, but these two things, derivation and VAT. Even though you say it will be addressed at the public session, it’s not something that many of us will agree to.

“You started by saying, we are going to negotiate, which is good, and it’s coming from you. Why don’t we negotiate first before we come out to take a position?

“The people through the governors and the traditional rulers say the bills should be withdrawn, make some necessary amendments and then bring it back and we can pass it in 24 hours. That is my position.”

Ndume’s position was instantly countered by the Senate Chief Whip, Senator Tahir Monguno, who disagreed with the position of Ndume. He said the views of the stakeholders who are opposed to the bills could be taken at the public hearing after the legislation had passed second reading.

Monguno, who took over from Ndume as both the Chief Whip and Vice Chairman, Senate Committee on Appropriation, following his removal, said in the course of public hearing, the governors and traditional rulers are free to ventilate their opinions.

He said Ndume’s position was strange to legislative process but could only pass for a mere academic exercise.

Monguno, former Chairman of Senate Committee on Judiciary, Human Rights and Legal Matters, expressed serious concerns that Ndume, who was minority leader in the House of Reps, a leader in the Senate, and immediate Chief Whip of the Senate with all the cognate experiences of lawmaking, came up with such arguments.

His words, “I disagree with you (Ndume), that this bill should be withdrawn first and consultation should be held with the Nigerian Governors Forum and traditional rulers.

“We have a procedure which is clearly and umambiguously stated in our rulebook for the process of lawmaking. The Constitution, in a very clear and unambiguous manner, gave us the power to regulate our proceedings.

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Barau

Bamidele

CITYSTRINGS

Group Features Editor: Chiemelie Ezeobi

Email chiemelie.ezeobi@thisdaylive.com, 07010510430

Transforming Public Service Across Africa through the AIG Leaders Programme

In a continent brimming with potential yet burdened by governance challenges, the Aig-Imoukhuede Foundation is bent on transforming the public sector in Africa. Through its AIG Public Leaders Programme, AIG PLP, Chiemelie Ezeobi writes that they exemplify this commitment by equipping public sector leaders with the skills and tools needed to tackle complex challenges, drive reforms, and create lasting impact across their respective organisations and communities

At the heart of the mission of the Aig-Imoukhuede Foundation is the belief that effective leadership is key to transforming public service delivery and enhancing the lives of citizens.

The special purpose vehicle for this was by instituting AIG Public Leaders Programme (AIG PLP). Founded by Aigboje and Ofovwe Aig-Imoukhuede, this flagship initiative has been equipping public sector leaders with the necessary tools and skills they need to tackle any challenge, while driving reforms, and creating lasting impact in their various organisations and communities.

Commitment to Public Sector Excellence

The Aig-Imoukhuede Foundation, a public sector-focused philanthropic organisation is dedicated to improving lives through transformed public service and better access to primary healthcare.

Collaborating with governments, academic institutions, civil society, and private sector organisations, the foundation has made significant strides in strengthening public sector reform initiatives, providing capacity-building programmes, and supporting healthcare access.

One of its central goals is to foster public sector leadership development, recognising the critical role that ethical, competent, and reform-minded leaders play in driving good governance. The Foundation has trained over 700 public servants to date, each one serving as a change agent within their ministries, departments, and agencies (MDAs).

The AIG Public Leaders Programme

Launched in partnership with the University of Oxford’s Blavatnik School of Government, the AIG PLP is an executive leadership programme tailored to senior public servants across Africa. Now in its fourth year, the programme is a testament to the Foundation’s dedication to building a critical mass of ethical and skilled leaders who are empowered to address the unique challenges of the African public sector. With a six-month curriculum that combines online and in-person learning, participants engage in discussions, simulations, and practical exercises designed to enhance their leadership capabilities. A distinctive feature of the programme is its emphasis on capstone projects—real-world reform initiatives that participants develop to tackle pressing challenges within their organisations. These projects ensure that learning translates into actionable solutions, creating ripple effects

of positive change.

The latest cohort, which began in November 2024, comprises 68 public servants from across Africa. Participants will convene for an intensive residential week starting 18th November, where they will collaborate on group work, develop their capstone projects, and share insights with like-minded leaders.

Filling the Gaps in Leadership Development

Many public servants excel in technical expertise but lack the leadership competencies necessary for impactful decision-making. The AIG PLP bridges this gap by focusing on strategic thinking, problem-solving, and high-stakes decisionmaking. Alumni leave the programme as well-rounded leaders capable of driving responsive, citizen-centred governance. This focus has already borne fruit, with alumni spearheading transformative reforms in diverse sectors.

For instance, Abraham Oludolapo’s project on combating sexual harassment within the National Youth Service Corps (NYSC) has provided a framework that ensures the safety of over 400,000 corps members annually. His work underscores the AIG PLP’s emphasis on ethical leadership and accountability, which are cornerstones of effective governance.

Networking and Collaboration

Public sector challenges are rarely confined to individual MDAs. Recognising this, the AIG PLP fosters collaboration among participants from different countries and sectors. By creating a space for knowledge-sharing and peer learning, the programme helps leaders develop

innovative solutions to shared problems. This collaborative approach is key to ensuring more efficient and effective service delivery across the continent.

Driving Policy and Social Impact

The exposure to world-class training and best practices from developed countries equips AIG PLP alumni with the tools to drive policy innovation and systemic reforms. Dr Ibiwunmi Olokun’s reform project at the Lagos State Primary Healthcare Board, which reduced patient wait times from 70 to 30 minutes, is a testament to the programme’s impact. By improving operational efficiency, her initiative has enhanced healthcare delivery for thousands of patients while setting a benchmark for other primary healthcare centres.

Similarly, Mohammed Ahmed’s efforts to combat financial crimes in Nigeria through improved intelligence-sharing and regulatory compliance illustrate the transformative power of strategic leadership. His work has strengthened financial integrity and accountability, vital components of a robust economic system.

PLP as a Catalyst for Change

The achievements of AIG PLP alumni speak volumes about the programme’s transformative potential. From Arc Joy Osaretin Baderin’s implementation of a performance management system in Nigeria’s Ministry of Niger Delta Affairs to Dr Chidinma Ogbonnaya’s health database upgrade at the Nigeria Immigration Service, each success story highlights the tangible benefits of investing in leadership development.

Notably, the programme’s reach extends beyond Nigeria. Caroline Kendagor, a High Court Judge in Kenya and an alumnus of the third cohort, credits the AIG PLP for preparing her to navigate the demands of judicial leadership. Her story underscores the programme’s role

The Aig-Imoukhuede Foundation’s long-term vision is ambitious yet achievable: to empower over 3,000 public sector leaders across Africa within the next decade…

The AIG PLP is not just a programme; it is a movement towards a better future for Africa. By cultivating a network of change agents equipped with innovative approaches to governance, the programme is laying the groundwork for systemic transformation that will benefit millions of citizens

in fostering ethical governance and strategic decision-making across Africa.

Promoting Ethical Leadership and Accountability

At its core, the AIG PLP champions ethical leadership and accountability. By nurturing leaders committed to transparency and integrity, the programme helps build public trust and reduce corruption. Alumni are trained to recognise and mitigate biases, fostering a culture of fairness and accountability within their institutions.

Vision for Africa’s Future

The Aig-Imoukhuede Foundation’s long-term vision is ambitious yet achievable: to empower over 3,000 public sector leaders across Africa within the next decade. By aligning its initiatives with national civil service reform strategies, such as Nigeria’s Federal Civil Service Strategy Implementation Plan (FCSSIP), the Foundation ensures its efforts are both relevant and impactful.

The AIG PLP is not just a programme; it is a movement towards a better future for Africa. By cultivating a network of change agents equipped with innovative approaches to governance, the programme is laying the groundwork for systemic transformation that will benefit millions of citizens.

The Call to Action

As the AIG PLP continues to expand its impact, the need for partnerships with private sector and philanthropic organisations has never been greater. Collaboration is essential to scaling these initiatives and ensuring that the gains made in leadership development translate into widespread improvements in public service delivery.

For policymakers, donors, and citizens alike, the message is clear: investing in leadership development is not a luxury but a necessity. The Aig-Imoukhuede Foundation’s efforts demonstrate that with the right training and support, public servants can rise to the occasion, delivering the transformative change that Africa so urgently needs.

Undoubtedly, the AIG Public Leaders Programme exemplifies the power of leadership in driving systemic change. By equipping public servants with the skills, tools, and networks they need, the programme is building a future where public institutions work for the people they serve. As alumni continue to implement reforms and rise to positions of greater influence, the ripple effects of the AIG PLP will be felt across the continent, improving lives and shaping a brighter future for all.

Participants of the Cohort 4 AIG Public Leaders Programme with Head of the Civil Service, Mrs Didi Esther Walson-Jack, OON; Chairman of the Aig-Imoukhuede Foundation, Mr. Aigboje AigImoukhuede, CFR; and Executive Vice Chair, Mrs. Ofovwe Aig-Imoukhuede, in Abuja for the Residential Week of the AIG PLP programme…recently

Kayode Tokede

Following the increase in Monetary Policy Rate (MPR) b y the Central Bank of Nigeria (CBN) and others in Sub-Saharan Africa (SSA), banks have continued to reap bountifully with Access Holdings Plc and 10 others generating an estimated N6.5trillion from customers’ loans and advances in nine months of 2024.

The amount generated in nine months of 2024 is about 118 per cent increase from N2.99 trillion reported in the corresponding period of 2023. Central banks in SSA have consistently adjusted MPR to manage inflation, stabilise currencies, and address economic challenges.

For instance, the CBN has increased its MPR from 18.75 per cent as of December 2023 to 27.25 September 2024 (currently at 27.50 per cent).

Ebere Nwoji

Pensioners under the aegis of Association of Retired Federal Senior Public Officers of Nigeria (ARFESPON), has expressed disappointment with the Pension Transitional Arrangement Directorate (PTAD), for failure to place pensioners on the normal position on government approved payment table.

ARFESPON members at the end of the year meeting held in Lagos, welcomed the new Executive Secretary of PTAD, Tolulope Odunaiya to her new office, and drew her attention to what they described as anomalies

With the hike in MPR, banks operating in Nigeria, other SSA countries have seen interest on customers loans & advances increased significantly.

For example, Access Holdings in nine months of 2024 generated N1.13 trillion income from customers loans & advances, about 146 per cent increase over N458.41billion reported in nine months of 2023. Similarly, Zenith Bank Plc reported N1.07 trillion income from customers loans & advances in nine months of 2024, about 163 per cent increase over N408.66billion reported in nine months of 2023, while Ecobank declared N1.01 trillion income from customers loans & advances in nine months of 2024, representing an increase of 139.76 per cent from N441.84billion reported in nine months of 2023.

in PTAD payment system and requested her to address the situation.

The Chairman ARFESPON Lagos branch, Olufemi Odewabi, in address regretted that during a similar meeting at the end of 2023 year, the pensioners had hoped that the year 2024 would be better, “but unfortunately it was not anything to write home about in terms of achievement.”

This, he said, was why he tagged his end of the year address, “Pensioners’ lamentation”.

According to Odewabi, at the beginning of the year, Pensioners envisaged that PTAD would mend its fault by arranging to bring

Also, the 11 banks declared increase in interest income, lending to other banks, among others in the period under review.

Analysis of their audited financial results showed that the banks reported N12.68 trillion interest income in nine months of 2024, about 145 per cent increase from N5.18trillion reported in nine months of 2023.

Lending to real sector has been on the increase in the period as the average maximum lending rate in the banking sector increased to 30.21 per cent in September 2024.

Maximum rate is the upper limit of interest rates for loans provided to the sector, which might apply to higher-risk scenarios or different loan structures.

The “Money market indicators” of the CBN revealed a correlation between hike in CBN’s MPR and

them to the normal position on government approved payment table.

He said contrary to this expectation, PTAD still maintained its stand to shortchange pensioners.

Highlighting these areas of shortchange of pensioners by the agency, Odewabi said, “The 20 percent that the government said should be paid to pensioners from January, 2024, which was paid in arrears in August 2024 was only paid to a handful of pensioners.”

According to him, PTAD had appealed to the remaining pensioners to hold on for some

increase in average maximum lending rate.

As the average maximum lending rate closed September 2024 at 30.21 per cent from 29.93 per cent in August 2024, MPR moved from 26.75 per cent in August 2024 to 27.25 per cent in September 2024.

Average maximum lending rate in Nigeria averaged 14.07 per cent from 1961 until 2024, reaching an all-time high of 37.80 per cent in September of 1993 and a record low of 6.00 per cent in April of 1975.

Analysts had predicted that the maximum lending rate would increase further as the Monetary Policy Committee (MPC) of the CBN hike rate to 26.75per cent at the last meeting in June 2024.

The average maximum lending rate had closed 2023 at 26.62 per cent on the backdrop of CBN hike in MPR to 18.75 per cent.

time, “but up to the middle of November, nothing ever came out.”

“Now is it paucity of fund or what is the reason for the delay? has PTAD come to think of it that most pensioners are living to die any moment, he quarried. He requested that any of their benefit should be given to them while they are living, adding that up till now no pensioner has enjoyed anything of the promise that the President has been mentioning.

“Another promise of N25,000 palliative for three months by the government is yet to be paid.

“Another N32,000 across board payable to pensioners

The CBN’ MPC decision to hike the MPR to 27.25 per cent likely reflects an attempt to control inflation and stabilise the naira.

The CBN, under Mr. Yemi Cardoso, has increased the MPR for the fifth time to combat inflation and foster economic stability.

Such a strategic manoeuvre aims to curb the inflation surge, which recorded a year-on-year peak of 32.7per cent in September 2024, and to mitigate the depreciative pressures on the naira.

However, the steep increase in the policy rate has sparked concerns regarding the potential impact on the cost of credit for businesses already facing economic hardships.

The first hike increased the rate from 18.75 per cent to 22.75 per cent, the second to 24.75 per cent, the third to 26.25 per cent, the fourth to 26.75 per cent and recently 27.25 per cent

(with effect from August 2024) while active workers were paid N40,000 across board have not been paid to pensioners, up till now. Pension authorities have not given reasons why grade level 15 and above pensioners have not been distinctly paid domestic servants allowances which other pensioners in others arms enjoy”

In a nutshell, Odewabi said PTAD had been unconcerned about pensioner’s rights.

He recalled that early this year, ARFESPON Lagos branch wrote the Chairman Salaries, Income and Wages Commission complaining about the non-use of the government officially

in the September 2024 Monetary Policy Committee (MPC) meeting. These increases, totalling 850 basis points since Cardoso’s appointment, have been driven by efforts to tackle the country’s persistent inflation challenges, which include high core and food inflation.

THISDAY checks revealed that average maximum lending rate opened 2024 at 27.07 per cent and it has increased by 314 basis points to 30.21 per cent reported by the CBN in the month under review. Fitch Ratings had projected that the CBN would maintain stand on continues tightening policy in the near term, which seems necessary to fully control inflation as rapid credit and money-supply growth suggests a still-loose monetary context.

approved table for payment. adding that pensioners were short changed. He said this ought to have drawn the attention of ICPC and EFCC because money for the payment would have been given to PTAD.

He further said his association wrote a letter to the Minister of Finance about the predicament of pensioners and nothing had been heard since then. He therefore called on both the new PTAD Executive Secretary and Minister of Finance to listen to their pleadings and respond positively before the pensioners leave this world.

CIS Lauds PenCom’s Lift of Suspension on PFAs Investment in Commercial Papers

The 13th President and Chairman of Council of Chartered Institute of Stockbrokers (CIS), Oluropo Dada, has commended the National Pension Commission (PenCom) and Securities and Exchange Commission (SEC) over lifting of the suspension on investments in commercial papers (CPs) by licensed Pension Fund Administrators (LPFAs) where non-bank capital market operators act as Issuing and Paying Agents (IPAs).

In a circular, dated 3rd December, signed by PenCom’s Head of the Investment Supervision Department, Abdulqadir Dahiru, said the

suspension earlier imposed has been lifted following the updated rules developed by SEC and the proposed amendments to Rule 8 (Exemptions) for the regulation of commercial paper issuances by its regulated entities.

PenCom had last month directed all LPFAs to desist from such investment due to what it attributed to regulatory concerns on the roles of non-bank operators in Commercial Paper transaction. But the announcement drew flak from capital market operators who regarded it capable of undermining their activities and dampening investor confidence in the market .

Commenting on the development, Dada advocated more collaboration among the stakeholders in the financial market .

“We at the CIS are very excited that the sanction was lifted through the timely intervention of our sector regulator, the Securities and Exchange Commission. This is a sign of what to expect from the leadership of the Securities and Exchange Commission. The leadership of the CIS will continue to advocate for greater collaboration among the regulators with mutual respect for each others,” Dada said.

CIG Motors Partners FCMB to Simplify Vehicle Ownership for Nigerians

CIG Motors has partnered with First City Monument Bank (FCMB) to make vehicle ownership more accessible for individuals and corporate entities through flexible and affordable financing solutions. The partnership enables customers to access FCMB auto loans of up to N70 million, with repayment terms of up to five years, for purchasing brand-new GAC Motor vehicles.

The auto scheme offers several benefits, including free vehicle registration, a free service package for the first year, a N600,000 fuel voucher, a fiveyear or 150,000km warranty, and complimentary accessories such as fire extinguishers and

foot mats.

Executive Director, CIG Motors, Jubril Arogundade, emphasised that CIG Motors is turning possibilities into realities. With this new partnership, we are driving towards a future where more Nigerians can enjoy world-class mobility and meet their aspirations. “By combining CIG Motors’ expertise in automotive excellence and FCMB’s robust financial solution, we are fostering economic growth and enabling dreams.”

During the Memorandum of Understanding (MoU) signing ceremony held in Lagos as part of the CIG Motors Grand Auto Fair, Managing Director, First City Monument Bank, Mrs

Yemisi Edun, said the bank’s partnership with CIG Motors provides a unique opportunity for customers to fulfil their dreams of vehicle ownership. “It eases the challenges often associated with acquiring a vehicle, turning this cherished life milestone into a smooth and enjoyable experience.”

Represented by FCMB’s National Head of Sales, Mr Emmanuel Comla, she reaffirmed the bank’s dedication to empowering Nigerians. “As a responsive institution, we ensure our customers, including first-time vehicle buyers, can now own the car of their choice without hassle, thanks to this partnership,” she said.

NAICOM Partners ICRC for Implementation of Insurance Provision for PPP Assets

Ebere Nwoji

The National Insurance Commission (NAICOM) has said that it is partnering with the Infrastructure Concession Regulatory Commission (ICRC), to implement insurance provisions for assets under public-private partnership arrangements.

The agencies reached the agreement when the commissioner for Insurance, Mr. Olusegun Ayo Omosehin paid a courtesy visit to the office of the Director General of the ICRC, Dr Jobson Oseodion Ewalefoh.

According to them, the partnership marks a signifi-

cant milestone in Nigeria’s infrastructure development. They said it would ensure that infrastructure projects were properly insured, in order to mitigate potential risks, protect investments, and promote economic growth.

Speaking during the visit, Omosehin, said NAICOM plays crucial role in advising the government on insurance matters and ensuring the protection of strategic government assets.

Meanwhile, the ICRC said it has been driving publicprivate partnerships (PPPs) to fast-track infrastructure development in Nigeria,

adding that by working together, NAICOM and ICRC could ensure that insurance coverage for PPP projects was robust, reliable, and compliant with regulatory requirements. It added, “This partnership will likely have a positive impact on Nigeria’s infrastructure development, attracting more investments and promoting economic growth.”

During the visit, a joint committee was set up to draw up modalities for the partnership. It was also agreed that come January 2025, a strong statement for compliance with insurance requirements would be enshrined in any contract going forward.

Solewant Rallies Stakeholders on Technological Innovation for Sustainable Energy

As part of the efforts to ensure sustainable energy development in Africa through technological innovation, a leading Nigerian indigenous oil and gas services provider, Solewant Group has rallied industry stakeholders on the use of technology to create sustainable energy solutions.

Africa’s oil and gas industry stakeholders gathered recently at the 8th Energy Summit of Solewant Group, held in Alode Eleme, Rivers State, at the weekend where they stressed the need for clean energy solutions to ensure the continent’s clean energy transition.

The oil and gas industry experts, in their presentations at the yearly international conference, with the theme: “Pioneering Technology and Innovation for Transition to Sustainable Energy Development in Africa,” argued that Nigeria

and other countries in Africa should utilise their abundant hydrocarbon resources to effectively transition to clean energy. They also called on the Nigerian government and other countries in Africa to invest massively in Liquefied Natural Gas (LNG), Compressed Natural Gas (CNG) and other clean energy solutions.

In his address, the Group Managing Director of Solewant Group, Mr. Solomon Ewanehi, stated that the summit was a premier platform for advancing innovation, collaboration, and sustainability in Africa’s energy sector, reflecting the company’s unwavering commitment to driving transformation in the energy landscape.

Ewanehi said: “With the theme for this year’s summit, the event underscores the urgent need for adaptable, forward-thinking solutions that meet Africa’s unique energy

demands while supporting global sustainability goals.”

He also explained that the summit was designed to drive innovation in energy technology and sustainability, foster collaboration between industry stakeholders, policymakers, and academia, and explore pathways to tackle Africa’s energy challenges while boosting opportunities.

In his paper titled “Unlocking Gas Potential as Catalyst for Energy Transition in Africa,” the High Commissioner of Trinidad and Tobago to Nigeria, Wendell De Landro, kicked against the continued flaring of gas by oil and gas companies operating in Nigeria.

De Landro, who recalled how his country utilised its gas for clean energy, noted that the Nigerian government has failed to stop multinational oil companies from flaring gas due to a lack of political will.

KPMG Holds Workshop to Strengthen Data Protection, Privacy

Arthur Eriye

The 2024 Data Protection Workshop, organized by KPMG have been concluded in Lagos.

The event with the theme, “Building Efficient & Sustainable Data Protection Capabilities,” brought together experts, data processors and controllers, regulators, stakeholders in the technology sectors with the aim of creating awareness and educating stakeholders on the importance of data protection and privacy as well as the implications for data processing and control. In his opening remarks, the Partner, Cyber & Privacy,

KPMG West Africa, Samuel Asiyanbola, highlighted the urgent need to pay attention data protection and privacy, nothing that we are at a critical stage where emerging technologies are changing our lives, changing the way we interact and the way we do business.

According to Asiyanbola, the reason for putting together the workshop is to brainstorm on the risks involved in the data collection process, the protection of the data, and how to build an efficient and sustainable data capability in organizations, as well as addressing the issues of trust with our stakeholders

and clients.

“As we are leveraging technology, data is been collected. While there is always a touch point for data collection in our daily interaction, there is the need to pay attention to the risk that are entrenched in the data collection process,” Asiyanbola explained.

The National Commissioner of the NDPC, Dr. Vincent Olatunji, delivered a keynote address. He called on data processors and controllers to prioritize data protection and security, while promoting care, accountability, and trust in the Nigerian data ecosystem.

Unilever Nigeria Appoints Tobi Adeniyi as Managing Director

Unilever Nigeria Plc has appointed Mr. Tobi Adeniyi as the Managing Director designate, effective January 1, 2025. Mr. Adeniyi will undergo a handover and phased transition process alongside the current Managing Director, Mr. Tim Kleinebenne, until the end of 2024.

Adeniyi began his career as a Unilever Future Leader in 2009 and has amassed a wealth of experience across multiple facets of the Supply Chain (strategic & operational) and Commercial operations. His expertise spans Logistics, Planning, Strategic Supply Chain, Procurement, and Sales, with assignments that have taken him across diverse markets including, Singapore, the Philippines, and Indonesia. Most recently, he has been instrumental in driving Unilever Nigeria’s sales transformation agenda, delivering impactful results through strategic initiatives nationwide. He serves as current Vice Chairman of Manufacturers Association of Nigeria Export Promotion Group (MANEG) and is a member of the Institute of Directors (IOD). Chairman of Unilever Nigeria Plc, Bolaji Balogun, said “On behalf of the Board of Directors and everyone at Unilever Nigeria, I am delighted to congratulate Mr. Tobi Adeniyi on his appointment as Managing Director Designate. Mr. Ad-

eniyi’s extensive experience and exceptional leadership skills make him an outstanding choice at this time, to lead us into a bright and even more successful future.”

Announcing the appointment, Executive Vice President, Unilever East and West Africa, Ben Langat, said, “I am pleased that we are implementing this transition which is in line with our robust succession planning initiative at Unilever. Tobi has a deep connection and understanding of the Nigerian market terrain, and coupled with his extensive background, his experience will be valuable towards the journey ahead for the business.”

following: Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

L-R: The Pro Chancellor, Dr Olutoyin Okeowo, the Chairman, FAMFA OIL LTD, Dr. Modupe Alakija,and the VC, Prof Timothy Abiodun Adebayo, Distinguished Legal Luminary and FAMFA OIL Chairman, Dr. Modupe Folarin Alakija ESQ, Receives Honorary Doctor of Business Administration from Ajayi Crowther University, Ogbomosho,Oyo State... recently

Peter Uzoho

Shareholders in Early Rush for UBA’s N239.4bn Rights Issue

Kayode Tokede

United Bank for Africa (UBA) Plc’s N239.4 billion rights issue got off to a momentous start as shareholders indicated interests to buy more shares in the pan-Africa banking group.

UBA has opened an acceptance list for a N239.4 billion rights issue, offering 6.84 billion ordinary shares of 50 kobo each to existing shareholders at N35 per share. The rights issue is pre-

allotted on the basis of one new ordinary share of 50 kobo each to every five ordinary shares held as at November 05, 2024. The rights issue is scheduled to close on December 24, 2024.

Shareholders across Nigeria’s leading shareholders’ associations said they were mobilising supports for the N239.4 billion rights issue, describing the offer as a golden opportunity to lock in more values in the bank that has shown exceptional returns to shareholders.

UBA, which pays dividends twice a year, recently paid interim dividend of N2 per share on its first half results, the highest payout by any bank and one of the three highest yields in the entire stock market.

Retail shareholders, who play actively in the Nigerian market, said they would pick up their rights and use the window for additional shares to request for more shares.

Shareholders’ leaders said

they have embarked on nationwide sensitisation to ensure that shareholders do not miss out the opportunity and that every shareholders have fair access and right to participation in the rights issue.

Minority retail shareholders constitute nearly threequarters of UBA’s nearly 280,000 shareholders. More than 200,000 shareholders hold between one and 10,000 ordinary shares in

one of Nigeria’s oldest mostwidely owned banking group. Only one shareholder holds substantial equity stake of 5.30 per cent, as at the last audit.

In separate interviews, shareholders leaders and activists said the UBA has a long history as an institution that places shareholders’ interests foremost in its decision-making.

They cited the bank’s outstanding performance in creating values for shareholders through capital gains and

dividends as well as its unique decision to distribute free shares to all shareholders that made them to be shareholders in at least four companies, all paying them dividends regularly.

Founder, Independent Shareholders Association of Nigeria (ISAN), Sir Sunny Nwosu, said UBA’s longstanding history of positive disposition to shareholders have endeared the group to the investing public.

PRICES FOR SECURITIES TRADED ASOF DECEMBER 3/24

At 100 Years, Pa Yekini Oyekanmi’s Life Lessons And Me

Ayo Arowolo spent some moment with pa Yekini Oyekanmi who turned 100 today and asked the elder statesman to share the lessons life has taught him as he reaches the 10th floor of his life. In this article he captures the wisdom tips shared by elder Oyekanmi . Please enjoy.

Since 2017, I’ve spent more time with two groups of people: friends who once had it all but have since fallen, and older individuals with whom I’ve had longstanding relationships. These conversations have broadened my perspective on life.

I often ask them, “What would you do differently if you could start all over?” From these talks, many of which were shared in my THISDAY Life Lessons column, I’ve learned that nothing is worse than reaching the end of your life and realizing you haven’t fulfilled your true purpose.

Myles Munroe said, “There is something worse than death: living a life without purpose.”

Let me share few notes from my jotters during my silent conversations with some of my two sets of friends.

Case 1: The Lesson of Impermanence

In 1989, I became close to the chairman of a prominent company listed on the Nigerian Stock Exchange. He lived a life of luxury, hosting friends every Friday in his grand Lagos home. But everything changed when his company was seized by the bank due to debts and delisted from the stock exchange. He attempted suicide multiple times but survived, eventually disappearing from public view. I later found him living in a modest apartment, where he shared life lessons with me.

One stood out:

“Nothing is permanent. When I was CEO, I never imagined a time would come when I couldn’t do anything I wanted. After my stroke, my dreams became unreachable. The lesson is simple: seize every opportunity when you have the energy, because nothing lasts forever.”

Case 2: The Value of Resilience and Comfort Zones

Another mentor of mine, a CEO of a multinational company listed on the Nigerian Stock Exchange, also faced a dramatic fall. As the CEO of a financial newspaper, I met with him monthly for mentoring sessions.. However, in the process of time, things soon took a bad turn. He was accused of misconduct, removed from his position, and faded from the public eye.

In 2018, One of the lessons he shared with me was:

“I learned my purest lessons in the valley. Sometimes the greatest lessons are learned in the valley. Many of the people I considered my friends while in the office vanished into the thin air and never wanted to have anything to do with me again This period helped me understand who I truly am and what is valuable to me.”

Why I jumped at an opportunity to interview an elder who will hit the 10th floor of life on Wednesday December 4th , 2024.

A couple of weeks ago, Mr. Remi Babalola, my Motivator-in-Chief and former Minister of State for Finance, informed me that he would be joining others in celebrating the 100th birthday of his close friend’s father, Alhaji Yekini Ayinde Oyekanmi. Alhaji Oyekanmi, born December 4, 1924, in Abeokuta, Ogun State, has lived a remarkable life dedicated to service, resilience, and integrity. As part of the celebration, Mr. Babalola asked if I could help with placing ads in THISDAY and Punch to honour him. Beyond helping with the placements, I was keen to interview the celebrant.

I visited Alhaji Oyekanmi at his residence in Surulere, Lagos, along with my multimedia team . His humility and wisdom were profound, and his close relationship with his son, Rotimi Oyekanmi, touched me deeply. I asked him about the most important lessons life had taught him. His response was both simple and profound:

“If many people knew what I now know at the 10th floor of life, they wouldn’t worry about 90% of what engages them at a young age. When you are old, your toys—cars and luxuries—won’t matter. It’s the people whose lives you’ve touched that will bring joy in your later years. The secret to a long, healthy life is simplicity and living without holding malice against anyone.”

Alhaji Oyekanmi’s life story is one of perseverance and self-improvement. He started in humble beginnings as an Account Clerk at Naraguta Tin Mines Ltd, then advanced to become a distinguished Accountant. He earned recognition as an Associate of Industrial and Commercial Accountants in London in 1957. His career took him to the Organisation of African Unity (OAU), now the African Union (AU), where he worked

for 25 years, eventually retiring in 1991 as Chief Inspector.

A quiet philanthropist and dedicated member of the Ansar-ud-deen Society, Alhaji Oyekanmi’s life has impacted many with his commitment to service, discipline, and faith. He often reflects on his adventurous youth, his professional ascent, and his approach to relationship building. Even at 100, he recalls events from his early days with remarkable clarity.

During our conversation, he shared invaluable

Lesson 1: Honesty

Alhaji Oyekanmi’s commitment to honesty was exemplified when he was nearly scammed in a property deal after the Nigerian Civil War. Despite losing money due to fraud, he discovered that honesty and vigilance are essential in all dealings.

Lesson 2: Integrity

Known for unwavering integrity, Alhaji Oyekanmi consistently follows through on his commitments. He upholds his duties with sincerity and never oversteps boundaries, earning him respect in both his community and professional life.

Lesson 3: Transparency & Accountability

In his role at the OAU, Alhaji Oyekanmi managed large sums with careful attention. His dedication to transparency was evident when, despite a small financial mishap during a trip to Somalia, he took personal responsibility to correct the error.

Lesson 4: Discipline

Discipline is a guiding principle for Alhaji Oyekanmi. He sets high expectations for himself and others, ensuring tasks are completed thoroughly and efficiently, which has been key to his success.

lessons drawn from his experiences. One of the most touching moments was his ability to remember with precision the trials and triumphs he had encountered throughout his life.

Alhaji Oyekanmi’s loyalty to Manchester United, despite their recent disappointing performances, shows his unwavering support for the things he loves. As he reflects on his extraordinary journey, his life continues to inspire all who know him.

Please read the rest of the interview for more of Alhaji Oyekanmi’s wisdom, and join us in celebrating

Lesson 5: Consistency

Consistency is at the heart of his life and work. Alhaji Oyekanmi tackles challenges head-on, never allowing obstacles to deter his progress. This persistence has been essential in achieving his goals.

Lesson 6: Humility

Humility shapes Alhaji Oyekanmi’s approach to life. He values others’ contributions, builds meaningful relationships, and remains grounded regardless of his achievements. His humility inspires those around him.

Lesson 7: Daily Ritual

Alhaji Oyekanmi’s daily routines, including prayer, fasting, and physical exercise, have grounded him spiritually and physically. His rituals shape his mindset and offer guidance in all aspects of life.

Bonus Lesson

Alhaji Oyekanmi believes that the pursuit of material wealth is less important than building relationships. As one ages, the joy comes not from possessions but from the lives you’ve touched. He emphasizes living a simple life without malice for good health and longevity.

his century of life, love, and lessons. Personal Observation

During my three-hour interview with Alhaji Yekini Ayinde Oyekanmi, it was heartwarming to witness the deep admiration and love surrounding him. His son, Rotimi Oyekanmi, and a few of his close friends were present, offering encouragement and affection.

Remi Babalola, who has become close to Alhaji in recent years, shared his admiration for the elder’s sharp mind despite his age. Alhaji remains highly informed about current events, discussing political developments with insight. His commitment to fasting and praying continues unwavering, even when advised to consult his doctor. Alhaji’s doctor has never suggested he stop fasting, as he believes it benefits his health.

Babalola spoke about Alhaji’s simplicity and authenticity, recalling a touching moment during his 99th birthday when Alhaji, with deep gratitude, prayed for just one more year of life. This sentiment has deeply affected Remi, who now prays for Alhaji daily. Alhaji’s life has always been focused on impact, not wealth. Remi recalled how, during a prayer gathering, it was revealed that Alhaji made generous donations, especially toward educational causes, which is rare for someone of his age. Remi admired how Alhaji listens attentively and shares his thoughts only after allowing the conversation to settle, always emphasizing the importance of kindness.

Akeem Kazeem, a close friend of Alhaji, spoke warmly about their 20-year friendship, describing Alhaji as humble, generous, kind, and fiercely committed to honesty. Akeem shared how he felt like family to Alhaji, often uncomfortable with being referred to as his friend, preferring to be called his son. What struck me most was the caliber of people who contributed to sponsor the adverts in honour of Alhaji Oyekanmi’s 100th birthday. It was a celebration of a life well-lived, and the coming together of silent high-achievers to express their gratitude and appreciation for the rare gift of life that Alhaji has been blessed with. These quiet, genuine individuals—some of whom are listed below—are the kind of people you want in your corner, offering unwavering support and love.

WHAT WOULD YOU DO DIFFERENTLY IF YOU WERE TO START LIFE ALL OVER AGAIN?

If I had the chance to start life again, I would focus even more on serving God. While I try to live a spiritual life now, I believe there is always room for deeper devotion. My faith is the foundation of my life, and in everything I do, I would continue to prioritize it, ensuring my actions align with my beliefs.

SECRETS OF GOOD HEALTH

Looking back, I believe my commitment to a balanced diet, adequate sleep, regular exercise, and fasting has been essential for maintaining my physical and mental well-being. Eating well fuels my body, sleep restores my energy, and exercise keeps me active. Fasting not only benefits my health but also strengthens my spirit and discipline.

In addition to these visible habits, I practice letting go of bitterness. If someone offends me, I express it, and then I let go once it’s resolved. I avoid dwelling on worries, as I’ve learned that many things we stress over never come to pass. I entrust everything to God, believing it will work out for the best. Living simply has also been key. Over the years, I’ve realized that material pursuits like reputation, possessions, and status have no lasting value. What matters is the impact we have on others. We leave this world with nothing but our character, and that is what endures. As I often say, “The only thing that walks back from the grave with the mourners and refuses to be buried is the character of a man, negative or positive.”

WHAT HEALTH ADVICE WOULD YOU GIVE TO SOMEONE IN THEIR 20s/30s?

BASED ON YOUR EXPERIENCE?

For those in their 20s and 30s, I would advise focusing on a healthy diet and regular exercise. These habits lay a strong foundation for lifelong health and energy. Equally important is maintaining a spirit free of negativity—bitterness, envy, and jealousy.

PaYekiniOyekanmi

Key Life Lessons from Alhaji Yekini Ayinde Oyekanmi

UNVEILING OF THE AMSTEL MALTA SLEEK CAN...

L-R: Marketing Director, Nigerian Breweries PLC, Emmanuel Oriakhi;Chief Executive Officer, Chrisemua and Sons Nigeria Limited, Christiana Odiaka; Head of Integrated Communication, Nigerian Breweries PLC, Ayodele Alabi; Digital and Technology Director, Nigerian Breweries PLC, Phil Aneke; Zonal Business Manager, West Zone, Nigerian Breweries PLC, Olalekan Awosanya; Portfolio Manager, Dark Malts, Nigerian Breweries PLC, Elohor Olumide-Awe; and Chief Executive Officer, Tasho Limited, Taofeek Sadiq Shodiya, at the unveiling of the Amstel Malta Sleek Can and its 30th Anniversary in Lagos ... recently

Land Acquisitions: Lagos Gives N1.5bn as Compensation to 104 Landowners

Segun James

Lagos State Government yesterday handed cheques worth over N1.5 billion to 104 landowners whose properties were acquired to accommodate infrastructure across the state.

Governor Babajide Sanwo-Olu personally presented the cheques to beneficiaries of land acquired for overriding public purpose in Lagos at Adeyemi Bero Hall, Alausa, Ikeja.

Sanwo-Olu declared, "Today marks more than just the disbursement of compensation; it is a powerful testament to the partnership between citizens and government – a partnership that shapes a future of shared prosperity.

"By honouring this commitment, we reaffirm our unwavering dedication to building a Lagos that serves and uplifts all its people.

"As a government, we deeply value the support and trust you, our respected landowners, have extended to our development initiatives. Your spirit of cooperation reflects a shared vision for a greater Lagos, where growth and inclusivity go hand in hand.

"This occasion represents more than compensation – it symbolises our commitment to transforming Lagos State’s socio-economic landscape. The lands we acquire are not just properties but vital resources for establishing critical infrastructure, fostering sustainable growth, and ensuring every resident of Lagos benefits from equitable development.

"From hospitals to schools, housing to roads, these lands become the foundation upon which we build a brighter future.”

Sanwo-Olu added, "By prioritising essential infrastructure

and community-focused projects, we are improving access to services, enhancing connectivity, and laying the groundwork for a resilient and thriving Lagos.

"Over the past few years, our administration has taken bold strides to translate these acquired lands into impactful initiatives. From constructing healthcare facilities that provide life-saving services to schools that nurture young minds and transportation systems that connect communities, each project reflects our vision of inclusive growth.

“For example, our ongoing hospital projects promise to deliver timely, quality healthcare to thousands annually, while our transportation expansion initiatives are driving efficiency and boosting productivity across the state."

The governor urged the beneficiaries to use the compensation

judiciously, telling them, "Invest in ventures that yield long-term benefits for you and your families. By doing so, you not only secure your future but also honour the spirit of partnership that has brought us here today."

In his welcome address, Permanent Secretary, Lands Bureau, Mr. Kamar Olowoshago stated, "It is our hope that the funds you receive today will

empower you and secure a future filled with opportunities and progress for you and your families.

“This gesture is not just about compensation; it is a reaffirmation of the Lagos State Government’s commitment to supporting its citizens and ensuring that our urban and infrastructural development projects contribute meaningfully to the lives of all Lagosians.”

While thanking Sanwo-Olu for his commitment to ensuring that those affected by the transformative projects were duly recognised and compensated, Olowoshago urged all stakeholders to continue on the "path of cooperation, progress, and shared prosperity, ensuring that our state grows, not only in infrastructure but in the wellbeing and happiness of every Lagosian".

Usmanu Danfodiyo University VC, Prof. Garba, Vows to Elevate Institution to Greater Heights

Wale Igbintade

The newly appointed Vice Chancellor of Usmanu Danfodiyo University Sokoto, Professor Bashir Garba, has pledged to transform the institution and elevate it to greater success.

Professor Garba’s leadership and his ability to advance both the university and the Mass Communication Department.

Ododo Presents Maiden Budget Proposal

of

Ibrahim Oyewale in Lokoja

Governor Usman Ododo of Kogi State has presented a budget proposal of N582,404,119,489.00 for the 2025 fiscal year before the State House of Assembly for approval.

The governor therefore tasked the state assembly members on quick deliberation and approval for the overall development of Kogi State.

He also told assembly members that the executive bill on the 32-year economic plans would be presented to the state parliament soonest .

The 2025 Budget tagged: “Budget of Inclusive Development,” which was divided into the Recurrent expenditure of the sum of N279,590,215, 687, 48.% and capital expenditure, N302,813,903,802 51.99% making a total of N582,404 ,119, 489.00 of the bill.

He assured the legislature that his administration is committed to completing every project in the 21 local government areas of the state.

He stressed his administration will pay the contractors commissioned to work, noting the present government will continue to cut the cost of governance and ensure that the people are the ultimate beneficiaries of the resources.

Ododo highlighted some of the objectives as, to improve the quality of education at all levels and make it

N582bn for 2025 Fiscal Year

functional and accessible to citizens, to produce articulate and skilled manpower necessary for economic transformation of the state.

Some other objectives include to "improve access to healthcare leading to improvement in efficiency of the healthcare delivery system and ensure food security and generate a high proportion of the GDP from agriculture," he added.

Earlier in his address, the Speaker of Kogi State House of Assembly, Umar Aliyu Yusuf stated that legislature recognized commitment to fulfilling the expectations of the leadership and members of the State House of Assembly, membership of the State House of Assembly Service Commission and the respective management officers and staff of the legislative service.

His words: "We all are looking forward to the governor actions with deep appreciation, particularly the assured provision of buses to ease the pains and difficulties of daily transportation, the back-up and escort vehicles to the leadership of the House.

"Furthermore, we are grateful for the ongoing efforts to construct the 4km road within the assembly quarters, complete with street lighting to ensure security and accessibility.

"The support for capacity building to the management and staff of the

State House of Assembly, and for the membership of this esteemed House to attend to official and personal matters within and outside the shores of our dear country is here mentioned to appreciate Your Excellency in ensuring effective legislative service in Kogi State" he stated .

This commitment was expressed in his first major remarks after assuming office in September 2024.

Professor Garba made the statement during a courtesy visit by the staff of the university’s Mass Communication Department in his office.

The delegation, led by the Head of Department, Dr. Abubakar Musa Mijinyawa, included former DirectorGeneral of the National Broadcasting Commission, Dr. Danladi Bako, as well as visiting senior lecturers and other staff members.

The group expressed confidence in

Dr. Mijinyawa used the opportunity to update the Vice Chancellor on key developments in the department, including the recent accreditation of the university's Mass Communication courses by the National Universities Commission (NUC) and the establishment of the Usmanu Danfodiyo University Campus Radio, which will serve as a platform for student training.

He also highlighted other notable achievements of the department.

In his response, Professor Garba congratulated the department on its accomplishments, particularly the successful graduation of the first cohort of Bachelor of Science Mass Communication students.

He also acknowledged the contributions of his predecessors, Professor Risqua Arabu Shehu and Professor Lawal Bilbis, praying that Allah rewards their efforts.

The new Vice Chancellor reaffirmed his commitment to working tirelessly to elevate the university further, urging staff, students, and the local community to offer their full and unwavering support in realizing these goals.

Professor Bashir Garba brings a wealth of experience to his new role, having previously served as the Rector of Sokoto State Polytechnic, Vice Chancellor of Sokoto State University, Secretary to the Sokoto State Government, and now, Vice Chancellor of Usmanu Danfodiyo University Sokoto. He hails from Sokoto South Local Government Area in Sokoto State.

200 Youth Gather in Abuja for 2024 Maktoub Forum

The stage is set for the annual Maktoub Youth Forum (MYF) scheduled for Abuja on December 8.

This year’s event, themed, “Ignite, Inspire, Impact”, is expected to attract over 200 youth from across Nigeria, with different backgrounds, disciplines and orientations.

The yearly MYF, a key part of the annual birthday celebration of the founder of Maktoub Magazine, MS Mariam Mohammed, focuses on helping Nigerian youth to develop the right outlook, character and values.

In a statement announcing MYF 2024, the Convener, Ms. Mariam Mohammed, said the forum would feature “a powerful lineup of guest speakers leading vibrant and interactive discourses on current/topical issues that directly impact on youth today and their hopes and dreams for a prosperous future.” The carefully selected speakers

for this edition include television personality, Seun Okinbaloye; the CEO, Karmod Nigeria Limited, Hakeem Shagaya; Founder/CEO, Kabiya Care Foundation, Dr. Adaeze Oreh; Fatima Mamman-Daura and Fatima Akinyera.

Shagaya’s topic is: “Hustling with Heart: A Raw Guide for Young Entrepreneurs to Succeed in a Competitive Business Ecosystem.”

Mamman-Daura will speak on: “You Are Enough: Rewriting the Script of Success for Life and Career Balance.”

Oreh’s subject is: “Breaking Barriers: Innovative Strategies to Career Success in a Dynamic Economy.”

Akinyera will shed light on: “Real vs Reel: Finding Yourself Beyond Social Media’s Filters and Expectations.”

Okinbaloye’s focus is: “Unbroken: Transforming Personal Pain into

Springboards for Success.”

Ms. Mohammed added: “We have an exceptional line up of speakers who will share their experiences, insights, and actionable strategies for success. This year’s MYF is more than just a conference. It’s an immersive experience that will include insightful discussions and real-world strategies from industry leaders.

“There will be networking opportunities with accomplished mentors and like-minded peers. There will be actionable takeaways for tackling life challenges and career setbacks. Young people will listen and learn from renowned speakers while giving them a chance to address shared challenges.”

She added that MYF 2024 will outline the importance of engaging youths in meaningful intergenerational dialogue: “The discussions will aim to grow and maximise their skills and

natural talents, and properly channel their strengths toward their chosen initiatives.

“The event encourages youths to discover, explore and maximise their natural potentials and create a better future for themselves in spite of hurdles.

“It is a reaffirmation that youths can be the change they want to see and underscores the power of mentoring and experienced guidance by respected professionals and key stakeholders across different sectors of national life.

“It helps each one of us – especially the young ones – to reflect on our personal and collective goals. To stop and think. What if the key to our development and progress lies in each one of us? What if we could harness our inherent and collective strength and creativity to lead us from where we are to where we want to be?”

OLUKOYA BAGS HONORARY DOCTORATE...

Sanwo-Olu Signs Lagos Electricity Bill into Law

Lagos State Governor, Mr. Babajide Sanwo-Olu, yesterday, signed the Lagos State Electricity Bill 2024, into law, setting the stage for a power supply system aimed at providing reliable electricity to residents.

The Lagos State Electricity Law

2024 is a comprehensive plan by the Sanwo-Olu government to address longstanding challenges in the energy sector. The law was designed to lay a robust foundation for economic growth, fostering industrial growth,

improved quality of life, energy equity, economic prosperity, and environmental sustainability.

The signing of the bill at Lagos House, Ikeja, was witnessed by Deputy Governor, Dr. Femi Hamzat; Chairman of the Lagos State House

Committee on Energy and Mineral Resources, Hon. Sabur Oluwa; Attorney General and Commissioner for Justice, Lawal Pedro (SAN); and Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye; as well as members of

European Union, IDEA, Others Push to Bolster ICPC Capacity to Fight Corruption in Nigeria

Chinedu Eze

A high-level conference aimed at bolstering the Independent Corrupt Practices and Other Related Offences Commission’s (ICPC) capacity for corruption prevention was held recently in Kano State where participants brainstormed on how to effectively stem corrupt practices in Nigeria.

The event, organised by the International Institute for Democracy and Electoral Assistance (International IDEA) in collaboration with the ICPC and supported by the European Union Funded Rule of Law and Anti-Corruption (RoLAC) Programme, brought together key stakeholders from government, anti-corruption agencies, and the private sector.

The conference served as a platform to discuss innovative strategies and foster partnerships to enhance the ICPC's institutional framework in addressing corruption.

Discussions focused on sustainable approaches to reducing corruption while improving transparency and accountability in governance.

Member of Nigeria Court of Appeal, Honourable Justice Lawal

Shuaibu, formally opened the event with a strong message emphasizing the need for synergy among anticorruption agencies.

“Fighting corruption is not a one-man battle; it requires a collective and collaborative effort,” he declared.

Justice Shuaibu highlighted the multifaceted nature of corruption and called for innovative approaches to tackle its challenges.

He addressed key issues, including the misuse of ex parte orders by judges to impede the work of anti-corruption agencies, which he described as a significant obstacle.

“Such actions make the war against corruption more arduous and undermine the fight for accountability,” he stated.

He urged public servants to prioritize integrity and the public interest in their duties, emphasizing that eliminating dishonesty within institutions is essential for fostering a corruption-free society.

In his keynote address, the Project Manager, Anti-Corruption of the RoLAC Programme, Dr. Emmanuel Uche, delivered an impactful speech on leveraging technology and community engagement to combat corruption.

“The fight against corruption is not a romance; it is a battle that demands every resource we can muster,” Dr. Uche declared.

Dr. Uche highlighted the transformative potential of technology in enhancing transparency and monitoring public funds. He stressed that integrating community-driven efforts into anti-corruption initiatives fosters accountability at all levels of governance.

His address reinforced the need for strategic, resource-intensive efforts that combine technological innovations with grassroots engagement to develop long-term solutions to corruption.

The conference concluded with a renewed commitment from all participants to intensify efforts in the fight against corruption.

the State Executive Council and Lagos State House of Assembly.

Speaking during the signing ceremony, Sanwo-Olu charged all relevant stakeholders to work together for the full implementation of the law.

He stated, “It is a bill that we believe will change the economic landscape and usher in socio-economic benefits for our citizens in Lagos. It is not about us; it is about the whole market and an entire system. So, it is important that the system is fully carried along, and they should see it as a win-win.

“We want, at the end of the day, for Lagosians to be the full beneficiaries of what the bill is about. We all want to see affordable and accessible light all around our state. We all have a common objective, which is to develop and improve the energy infrastructure of our State and once we do that.

“We know it will transform into economic benefits for citizens so that

people can have a better security network in terms of making Lagos a true 21st Century economy and not being scared or worried about night or illumination in some parts of the city. We want to light up Lagos. We want our citizens to feel the benefit and effects of this legislation.” Sanwo-Olu commended Speaker of the House of Assembly, Rt. Hon. Mudashiru Obasa; Chairman, House Committee on Energy and Mineral Resources, Hon. Sabur Oluwa; and the entire members of the legislative arm for taking the pain and time to produce the bill and for working tirelessly with the executive on the bill.

He also praised the efforts of the Commissioner for Energy and Mineral Resources, Mr. Biodun Ogunleye, as well as his predecessors, particularly the immediate past commissioner, Olalere Odusote. Earlier, Ogunleye announced that the implementation of the law would begin within six months.

Fubara to Implement Judicial Commission's Report on Arson, Killings in Rivers

Rivers State Governor, Siminalayi Fubara, has vowed to implement the recommendations of the report by the Judicial Commission of Inquiry into the recent arson, killings, and destruction of property in some local government council headquarters in the state.

Two days after the local government council elections in the State,

Monday, October 7, 2024, some persons invaded four councils secretariat and committed the crime.

Speaking when the seven-member commission, led by the Chairman, Justice Ibiwengi Minakiri, submitted reports of their investigation and recommendations to the governor at Government House in Port Harcourt, he vowed to end incessant violence in the state.

The governor declared that his

Trump Picks Businessman with Nigerian Connection as Aide on Arab Affairs

Emmanuel Addeh in Abuja

US President-elect, Donald Trump, has picked Lebanese American businessman, Massad Boulos, with deep Nigerian connection to serve as Senior Adviser on Arab and Middle Eastern Affairs.

Trump made the announcement on Truth Social. Boulos, the fatherin-law of Trump's daughter Tiffany, met repeatedly with Arab American and Muslim leaders during the election campaign.

Boulos is said to hold Lebanese, Nigerian, French and American citizenship. He married Sarah Boulos, who is also a businesswoman that founded the Society of the Performing Arts in Nigeria and is the owner of Cred International Lagos Island franchise. Together they have four children. In 2022, their son Michael married

Tiffany Trump, daughter of the US president-elect.

It was the second time in recent days that Trump chose the father-inlaw of one of his children to serve in his administration. On Saturday, Trump said that he had picked his son-in-law, Jared Kushner's father, real estate mogul Charles Kushner, to serve as US ambassador to France. In recent months, Boulos campaigned for Trump to drum up Lebanese and Arab American support, even as the US-backed Israel's military campaign against Hezbollah in Lebanon. Boulos has powerful roots in both countries.

Trump’s selection of Boulos as a senior adviser on Arab and Middle Eastern affairs may put Boulos, an automotive tycoon who is also Mr. Trump’s in-law, in a position to exert considerable influence over US policy

in the Middle East.

For Boulos, once a relatively obscure entrepreneur, his appointment followed a meteoric rise to prominence in recent months.

During the election campaign, he helped garner support for Trump among Arab Americans in Michigan, a key battleground state. He has become a familiar face on Lebanese television, spreading the incoming Trump administration’s message. And he has acted as something of a de facto liaison between Trump and Middle Eastern leaders, including Mahmoud Abbas, the leader of the Palestinian Authority.

Still on his connection to Nigeria, after studying in Texas, Boulos went on to build his wealth in West Africa. He became the chief executive officer of SCOA Nigeria, an automotive conglomerate. He also

runs Boulos Enterprises, a Nigeriabased company that distributes and assembles motorcycles, tricycles and power bikes.

His ascendancy from businessman to a close confidant of Trump has landed a diverse portfolio on his desk.

In September, when Mr. Boulos had been busy campaigning in Michigan for Trump, he also met with Abbas, the leader of the Palestinian Authority, on the sidelines of the United Nations General Assembly (UNGA) in New York.

At the time, Boulos told The Times the meeting was “purely personal,” though Palestinian officials described it as part of an outreach effort to Trump. Boulos had previously helped deliver a letter from Abbas to Trump in July, in which Abbas wished Trump well after an assassination attempt against him that month.

administration will neither tolerate nor allow such level of violence in the state anymore, stressing that such act is not profitable or productive.

He said: "We are not going to be part of any system that would encourage any destruction in this State. And for that reason, we had to inaugurate this commission, so that this commission should look into the remote and immediate causes of this problem.

"And I believe that the recommendations of this commission, with the help of God and the support of everyone, we will make sure that we implement the recommendations."

Fubara added: "The report will be presented to the executive council, and there, we will surely come out with the white paper and with the white paper, I can assure you, we are going to follow it to the end.

"Nobody is above the law, including me. So, provided what we are doing is within the confines of the law, we will do it with the help of every one."

Fubara recalled how, before 2014, a group of persons had run wide recklessly in the State, burning down court buildings.

He noted that it is such persons, who had recently surfaced with their destructive tendencies, and have extended the violence to local government councils, killing people and destroying government property.

He wondered why somebody will spend so much money to build a

structure intended to last as legacy of the administration but would eventually be part of its destruction in the name of politics.

He clarified that he has never been part of such destructive politics that continue to set the State backwards and frustrate progressive development strides.

Fubara said: "I make bold to say it, I have never been and will never be a party to anything that will bring shame, disgrace, destruction to our dear State.

"It is our State. If it is well with us, it will be well with everybody. As a matter of fact, why should I encourage destruction, when I know that when you finish spoiling things, you still need money to rebuild them.

"I am an accountant, I know the importance of how we can manage money. Rather than spoil, you should use that money to do a new thing for the State. So, I am going to ensure that we put a stop to that level of violence or such unreasonable violence. I call it unreasonable violence because it doesn't mean anything in politics".

He said politics is a business of interest where there is no permanent friend and no permanent enemy.

“Some persons who were not even in our support, today, they are here following us because their interest is the most important thing. Likewise tomorrow, if the interest changes, they will also go their different ways. So, why burn down the house?", he asked.

Blessing Ibunge in Port Harcourt

L-R: Registrar, Federal University of Technology Akure (FUTA), Mr. Charles Adeleye; Honorary Doctorate Recipient/General Overseer, Mountain of Fire and Miracles Ministries , Professor Daniel Kolawole Olukoya; Vice Chancellor, Professor Adenike Oladiji; representative of President Bola Ahmed Tinubu and Vice Chancellor University of Ilorin, Professor Wahab Egbewole; Governor of Ondo State, Mr. Lucky Aiyedatiwa, and Pro-Chancellor, Prof. Ladi Daduut, after the conferment of FUTA's Honorary Doctorate of Management Science on Olukoya at the combined 34th and 35th Convocation ceremony of FUTA in Akure…recently

MAN OF THE DECADE AWARDS...

L-R: Executive Producer, Megastar Man of the Decade, Adeniyi Ifetayo; Recipient, Media Luminary of the decade and Publisher Ovation Magazine, Chief Dele Momodu; Representing Governor Sule Abdullahi of Nasarawa State recipient “Special Recognition for Governance Achievement in Industrialisation for the Decade”, DG Strategic Commission Mr Yakubu Lamai; and Nasarawa State Attorney General and Commissioner for Justice, Laraban Shuaibu, at the Megastar Man of the Decade Awards at Wells Carlton Hotel Asokoro, Abuja ...recently

IDRIS: TAX REFORMS WILL EMPOWER 36 STATES, LGAS FOR DEVELOPMENT

federal government to ensure that the ongoing reforms lead to the country’s development, insisting that any form of reform must get Nigeria’s dysfunctional system working again.

“The reforms should end the narrative of Nigerians living in a country that is so richly endowed but are spectators to the rascality and irresponsibility of the elite who continue to mismanage our resources.

“So I’m hopeful that this is the beginning of a very long journey of fiscal management and efficiency that can lead to the growth and development of the kind of country that we envision,” he said.

While urging the Bola Tinubu administration to effectively communicate the ongoing reforms, Kukah emphasised that issues of massive impoverishment persist in the country.

“I am convinced that this government has lofty ideas, but there is a total absence of a constructive strategy of engagement. This government needs communication strategies. The Nigerian government needs to convince Nigerians that there is light at the end of the tunnel, and encourage them to be a little patient,” he added.

For his part, Agbeluyi, who spoke on Arise Television, THISDAY’s broadcast arm, highlighted the need for a unified database to track income and expenditure to enhance efficient tax collection in Nigeria.

“The National Identification Number (NIN), Identity Card we carry, various government agencies having shallow database have to be harmonised. The Bank Verification Number (BVN) is a key point in this. Once you do electronic transactions, all your information can be captured,” he observed.

Describing the tax reforms as a necessary step towards addressing Nigeria’s revenue challenges, Agbeluyi said the proposed legislations were a positive development in moving Nigeria forward.

“The bill is a positive one, that is clear. I doubt if anybody is actually seeing it from a negative perspective. I also agree that there are issues that have been raised in the bill, but overall, the bill is what we need,” he added.

The tax expert highlighted the inefficiencies within the current tax structure, noting that over 60 different types of taxes currently exist, but only a handful generate meaningful revenue.

He said: “The sanity that is embedded in this bill is overdue and necessary,” stressing the importance of building public trust in the country’s tax system.”

On third-party tax collection, Agbeluyi explained that while their involvement was necessary, accountability and transparency must be ensured, noting that private sector contractors could assist in data gathering and revenue generation, which will increase the efficiency of tax collection.

“In the private sector, some people can do this better than the various internal revenue services across the country. Data don’t lie. We can do another simulation, reduce the 60 percent to 40 percent, or keep constant the derivation before and

apply attribution. Let us see what is going to come out—data will solve this,” he argued.

Alpha-Beta Denies Involvement in Drafting Tax Reform Bills

Alpha-Beta Consulting LLP yesterday refuted the insinuations of its involvement in the proposed tax reform bills currently under review by the National Assembly, describing it as baseless and with the evil intent of misleading the general public.

Speaking on the matter, Managing Director of Alpha-Beta Consulting LLP, Akinsanya Doherty, in a statement made available to newsmen yesterday, pointed out that he “neither met nor had any discussions, dealings, or involvement with Mr. Taiwo Oyedele, Chairman of the Presidential Tax Policy and Fiscal Reform Committee, despite our shared profession.”

He added: "Furthermore, neither I nor the firm has made any input into the federal government’s tax reform bills. These allegations are false and should be dismissed outrightly."

The statement was in tandem with Oyedele’s recent clarification during a Town Hall Meeting on the Tax Reform Bills, organised by Channels Television, where the Chairman of the Presidential Committee had explicitly denied plans to outsource federal tax collection to any consulting firm, including Alpha-Beta Consulting LLP.

He, however, emphasised that the reforms were designed to streamline tax administration without reliance on external consultants for its collection.

Meanwhile, the Head of Corporate Communications for the organisation, Kingsley Esonu, declared that, "AlphaBeta Consulting LLP remains steadfast in its commitment to delivering technology-driven innovative solutions that enhance revenue administration and accountability.

“The company takes pride in its integrity, professionalism, and unwavering dedication to serving

its clients," the statement added.

Kano House of Assembly Rejects Tax Reform Bills Insists It's Anti-north

The tax reform bills met strong opposition from the Kano State House of Assembly following deliberations by members of the House led by Speaker, Ismailia Falgore.

The House described the bill as controversial and anti-north, capable of creating more economic gap between the south and the northern part of the country.

During its deliberations yesterday, the Majority Leader, Lawan Husseini, expressed concerns that the bills would harm the northern region’s economy and increase hardship of the ordinary Nigerians.

This decision was taken after deliberations on the house floor, led by Falgore.

Falgore, argued that the proposed Value Added Tax (VAT) allocation would unfairly favor States like Lagos, where many major corporations are headquartered.

Speaking further, Husseini warned that this could also, weaken some northern states, making it difficult for them to pay salaries and have an increase in the number of poor Nigerians.

Other lawmakers, including Hon. Salisu Mohammed and Hon. Murtala Kadage, supported the motion, urging northern lawmakers to unite against the bill.

The Kano State Assembly urged northern senators, representatives, and conference of speakers to prevent the bills’ passage.

PENGASAN Raises Fears Over Possible Job Losses in Petroleum Sector

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASAN) expressed worry that

some aspects of the bills may have negative impact on the job security of its members.

The association also said it has verified report on the commencement of operations by the old Port Harcourt Refinery, confirming that production of AGO, DPK, and blending of PMS were presently ongoing at the facility.

It also raised concern over alleged abuse of expatriate quota law by companies in the country's oil and gas industry which it stated had led to the huge influx of foreigners coming to take up relatively low-skilled jobs reserved for Nigerians.

The president of PENGASAN, Festus Osifo who spoke at the National Executive Council (NEC) Meeting of the Association Held in Abuja, yesterday, said the association welcomed the tax reform bills but would need some clarity regarding revenue collection processes from oil and gas companies.

He said: "The Association notes

the ongoing tax reforms and wish to demand that the tax relief exemptions that is given to those earning minimum wage and business should be expanded to accommodate more people and companies in that category.

"Clarity must be provided regarding revenue collection processes from oil and gas companies as some provisions in the bill have the likelihood of negatively impacting our members in some of our major branches like Nigeria Upstream Regulatory Commission (NUPRC) and the Nigeria Mid and Downstream Petroleum Regulatory Authority (NMDPRA)."

Osifo said PENGASAN would be participating actively in the public hearing where its position would be well articulated.

He urged the National Assembly to conduct a proper public hearing session where different views would be collated to amend the provisions in the bills.

On the controversy over the coming

onstream of the Port Harcourt Refinery, Osifo said PENGASAN could confirm that the refinery was now operational producing, AGO, DPK and petrol. Osifo said: "We can confirm authoritatively that the Port Harcourt Refinery is actually working.”

He said presently apart from diesel, kerosene, the refurbished refinery also produces "Nacter" which is further blended to produce petrol. Osifo however advocated the implementation of NLNG privatisation model in the operation of the rehabilitated local refineries as part of measures to guarantee sustainability and operational efficiency. On the massive divestment currently going on the country's oil and gas sector, Osifo said PENGASAN had ensured that no job was lost in the process.

Again, FAAN Orders Dismantling of Manual Search Tables at Lagos Airport

Chinedu Eze

The Federal Airports Authority of Nigeria (FAAN) has again ordered the dismantling of manual search tables at the screening points in the international terminal of the Murtala Muhammed Airport, Lagos.

It therefore directed security operatives to resort to using technologydriven screening equipment to search passengers’ luggage.

This is just as the agency has ordered Aviation Security (AVSEC) officials to apply strict measures in making sure that touts are kept away from the Murtala Muhammed International Airport, Lagos.

Over the years, security operatives at the airport have insisted on keeping

the manual screening table in order to have interface with travellers and most often harass and extort money from some of them over trivial and trumped-up infractions.

The Managing Director of FAAN, Mrs. Olubunmi Kuku, who gave the directive mandated that technology be leveraged to reduce manual searches and improve interactions with passengers. Kuku noted that collaboration and intelligence sharing among agencies were also deemed essential for enhancing service delivery.

The FAAN boss announced that management would deploy mystery shoppers equipped with body cameras to assess the performance of officials at both arrival and departure security and screening areas.

Kuku also directed that AVSEC officials must tackle the persistent problems of touting and harassment of passengers at screening points of the airports and said that this order has the full backing of the Minister of Aviation and Aerospace Development, Festus Keyamo. FAAN made this known in statement it made available to THISDAY, yesterday, which was signed by the Director, Public Affairs and Consumer Protection, Mrs. Obiageli Orah. The agency said that the managing director convened a crucial meeting with the heads of all security agencies at Murtala Muhammed Airport in Lagos and directed them to do everything possible to ensure that touts were driven out of the nation’s busiest airport.

SENATE PASSES 2025-27 MTEF-FSP, PROBES NNPCL OVER N11.54TN SUBSIDY FUNDS, UNREMITTED TAXES

“The committee will evaluate compliance, identify systemic gaps or irregularities, and recommend measures to enhance transparency, accountability and optimize revenue generation for the nation.

“That the Committee recommends that a performance metrics be established for MDAs with poor financial reporting standards and mandate regular independent audits of their accounts to ensure compliance.

“That the projected oil benchmark prices are $75, $76.2 and $75.3 per barrel be approved for 2025, 2026 and 2027, respectively.

“That the three-year projections for domestic crude oil production had a significant increase from 1.78 mbpd in the preceding year to 2.06, 2.10 and 2.35 for the subsequent years of 2025, 2026 and 2027 be approved.

“That the National Assembly, through its Committees on Finance, National Planning and other relevant Committees should carry

out in-depth investigation of such agreements by the NNPC, NLNG and Immigration Services with a view to reconcile remittances to the Federation Account.

“That the Committees on Finance, Petroleum Upstream, Downstream, and Gas are tasked to investigate reports from the Revenue Mobilisation, Allocation, and Fiscal Responsibility Commission alleging that the NNPC withheld N8.48 trillion as claimed subsidies for petrol.

“Additionally, the investigation will address the NEITI report stating that NNPC failed to remit $2billion (N3.6 trillion) in taxes to the Federal Government.

“The committees are further directed to verify the total cumulative amount of unremitted revenue (under-recovery) from the sale of Premium Motor Spirit (PMS) by the NNPC between 2020 and 2023.

“That the GDP growth rate which is projected at 4.6 per cent, 4.4 per cent and 5.5 per cent for years 2025, 2026

and 2027 respectively, be approved.

“That the projected exchange rate which stands at NGN1400/USD for years 2025, 2026 and 2027 be approved subject however to review in early 2025 according to monetary and fiscal policies.

“That the Inflation rates projections which are 15.75 per cent, 14.21 per cent and 10.04 per cent for 2025, 2026 and 2027, be approved;

“That the Federal Government of Nigeria Budget proposed spending stands at N47.9 trillion, of which N34.82 trillion was retained.

“New borrowings stood at NGN9.22 trillion which constitutes both domestic and foreign borrowings; debt service was valued at N15.38 trillion.

“Pensions, gratuities and retirees’ benefits stood at N1.443 trillion and fiscal deficit at N13.08 trillion.

“That the Capital expenditure is projected at NGN16.48 trillion which is exclusive of transfers statutory transfers stand at NGN4.26 trillion

while Sinking Fund is projected at N430.27 billion.

“That the Committee approves the respective figures for total recurrent (non-debt) at N14.21 trillion; special intervention for recurrent and capital is at N200 billion and N7 billion.

“That the National Assembly do approve the Promissory Note Programme and Bond Issuance to settle outstanding claims and liabilities of Federal Government owed to States, high priority judgments as well as liabilities incurred by Federal Ministries, Department and Agencies on behalf of government.

“That the Committee recommends that a quarterly investigative hearing with revenue generating agencies to track their compliance with the Fiscal Responsibility Act and punish those in clear contravention of the Act.”

During the debate on the report, the lawmakers also demanded a reduction in the petrol prices against the backdrop of the commencement of operations at the Port Harcourt

Refinery.

Chairman of the Senate Committee on Appropriations, Senator Solomon Adeola, stated that the federal government’s Compressed Natural Gas (CNG) initiative was part of the underlying imperatives for the adoption of the N1, 400 to one dollar.

Adeola said, “With the functioning of our refineries the demand for forex will drop.

“With the CNG initiative, Nigerians will have an option when they want to embark on a journey.

“If you leave Benin for Lagos, the amount of fuel is about N130, 000 but with CNG you can’t use more than N48,000.

“Another issue to be addressed is the recurrent to-capital ratio which is very high.”

Senator Yahaya Abdullahi (PDP, Kebbi North) stressed the need to support the manufacturing industry if the projections of the MTEF-FSP were to be achieved.

Ondo Amotekun Nabs 22 Suspected Criminals, Deploys 1,200 Officers ahead of Yuletide

Fidelis David inakure

Ahead of the Yuletide season, the Ondo State Security Network Agency codename Amotekun yesterday said it deployed 1,200 personnel to check criminal activities across the 18 local government areas of the state.

This is just as the corps said it has commenced 24-hour border patrol in the neighbouring states of Osun, Edo and Kogi, and would be in place throughout the festive season.

The state Commander of the Corps, Adetunji Adeleye, stated this yesterday while parading 22 suspected criminals arrested by the

agency within 14 days.

According to him, “We are parading 22 suspects that were arrested across the 18 local government areas of Ondo State within the last 14 days. Across the board, we have three suspects arrested for kidnapping, those that broke down law and order are 19, and two arrested for suspected robbery.

“We have one suspect for burglary and stealing of household items; two suspects for burglary and stealing of electronics.”

“On conspiracy, burglary and stealing, we have three. We have four for breaking and entry of houses.

Gov Otu Appoints Ewa as Chairman/CEO of State Green Economy Commission

The Governor of Cross River State, Senator Bassey Out, has appointed his Commissioner for Intergovernmental Relations and Special Duties, Oden Ewa, as the Chairman and Chief Executive Officer of the newly constituted Cross River State Green Economy Commission.

This is as the governor also named and constituted the State Council on Climate Change, with him as chairman.

A statement issued by the Chief Press Secretary to the Governor, Nsa Gill, noted that: ‘‘These two bodies are statutory and are expected to provide strategic direction, ensure policy implementation, and coordinate inter-sectoral collaboration to achieve the state climate change goals and green economic aspirations among other responsibilities.

“As Chairman/CEO of the

Fashion

and

nine-member Green Economy Commission, Ewa is expected to drive the policy implementation of the state green economy initiatives and ensure that Cross River State maintains its leading position in pioneering green economy development in Nigeria.”

Ewa, who is a distinguished environmentalist and advocate for green economy, is expected to bring to bear on his new appointment his over 17 years’ experience in the private sector where he has served in different organisations and capacities, notably as the executive director of Business Development and Strategy for Korpu Group, Africa.

The statement described him as a staunch believer in environmental sustainability, “who views it as integral to economic prosperity, and was recently appointed to the Cross River State’s Economic Management Team (EMT) and the states council on Public Private Partnership (PPP).”

Garment

Stealing of copper wire, motorcycle, sewing machine, and cables have five suspects.”

Equally, Adeleye said the

corps arrested a syndicate that vandalises electrical installations and transformers, and another group that engages in stealing of

gasoline pump, car tire, and batteries. He said: “So we have Sule, Gende, and Lido as suspects for kidnapping. We have Ibukun

for suspected

Suspected Internet Fraudsters Shoot Member over Sharing Formula in Edo

Adibe Emenyonu in benin city

Suspected internet fraudsters have allegedly shot one of their collaborators over disagreement arising from sharing of N94 million proceeds from their online scam.

The incident reportedly occurred on Sunday at Okhoro in Egor Local Government Area of Edo State.

It was gathered that the

unidentified gunshot victim was said to have been driving in his Sport Utility Vehicle (SUV) along Okhoro road when the gunmen, who drove in another vehicle, accosted him.

An eyewitness said: “The gunmen ordered him (victim) out of his car and shot him at close range.”

The witness also described the victim as “Aza Man” - a coded phrase used to refer to

an individual who provides a bank account through which fraudsters receive proceeds of crime from unsuspecting victims.

According to the witness, “the Aza Man is believed to have ran into trouble after he reneged on agreement with other members of the syndicate over the sum of N94 million that was realised in an online scam.

The source stated: “While the Aza man was promised a

FG, NECA Move to Optimise Job Creation

Onyebuchi Ezigbo in abuja

Federal government and Nigeria

Employers Consultative Assembly (NECA) yesterday launched an initiative that was designed to help unemployed Nigerians acquire critical skills needed for today’s jobs.

Speaking at the flag-off of the 2024 Abuja Job Fair jointly

organised by the Federal Ministry of Labour and Employment and NECA with the support of the German Development Cooperation (GIZ) programme, Centres for Migration and Development (ZME) and the Skills Development for Youth Employment (SKYE) on behalf of the German Federal Ministry for Economic Cooperation and

certain percentage of the amount on payment, he however retained the entire fund to himself and refused to share with the group.”

The Edo State police command spokesman, SP. Moses Yamu, who confirmed the shooting, said investigation has commenced, with the aim of arresting the perpetrators.

Yamu added that the victim is undergoing treatment at a medical facility.

via Modern Skill Acquisition

Development (BMZ) and the Swiss Agency for Development and Cooperation (SDC), Minister of Labour and Employment, Muhammadu Maigari Dingyadi said the platform was for empowerment and skill development.

He said the 2024 Abuja Job Fair placed a strong emphasis on equipping job seekers with

these critical skills, “ensuring they are prepared not just for today’s opportunities but for the challenges and innovations of tomorrow”.

The minister said the Initiative was meant to provide the vital support that ensures that the job seekers were empowered with right connections that are meaningful and transformative.

Group Hails PINL, Military for Uninterrupted Oil Production

Blessing IbungeinPortHarcourt

A group under the aegis of Movement for the Survival of the Izon Ethnic Nationality in the Niger Delta (MOSIEND) has commended the Pipeline Infrastructure Nigeria Limited (PINL), the military and other stakeholders for their efforts in ensuring uninterrupted crude oil production in the Niger Delta region. The group made the

Industry, Catalyst for Multibillion Dollars Investment, Says PDP Chieftain

Yinka Kolawole inOsogbo

The Special Adviser to Osun State Governor, Ademola Adeleke, on Inter-governmental Affairs, Hon. Olubi Adejobi, yesterday emphasised that the fashion and garment industry in the country, if properly harnessed, would serve as a catalyst for a multi-billion dollars investment in the country. He also made it clear that talents

have been discovered and unveiled at the Osogbo Fashion and Garment Industry Show, just as Operators in the uniformed garments were advised to harness local fabrics for the development of the industry.

Adejobi, who is the creator and organiser of a fashion pageant, further disclosed that these talents that are yet to be harnessed in the fashion industry in Osun State are talented young people brought together from

communities to showcase their design ideas, innovations and potential to markets

Speaking at the Osogbo fashion and garment week, 2024, held at Aurora Events Centre, Hon. Olubi said the uniformed garments fusion style for Osogbo traditional fabrics and others is the idea behind the event, based on community self-help to bring young and talented youths to the limelight in the fashion industry.

Gunmen Abduct Ex-Reps Member, Kigbu, Wife in Nasawara

Igbawase UkumbainLafia

Suspected gunmen yesterday kidnapped a former member of the House of Representatives, Dr. Joseph Haruna Kigbu, and his wife.

Kigbu, the founder of Doctor On-The-Move Africa, a nongovernmental organisation, was kidnapped alongside his wife in Akwanga Local Government Area of Nasarawa State.

commendation yesterday, in Port Harcourt, at a press conference themed “X-raying the gains in the fight against illegal bunkering: the surveillance prospective.”

The spokesperson of MOSIEND, Charles Omusuku, noted that through trust-building measures, employment opportunities, and corporate social responsibility (CSR) initiatives, PINL has transformed

communities from being passive observers to active partners in protecting oil infrastructure.

He said success of PINL in combating oil theft and illegal bunkering “is a testament to the power of collaboration between private-sector innovation, community engagement, and government support.”

According to Omusuku, “For

in N’Delta

decades, pipeline vandalism, oil theft and illegal bunkering have long posed significant threats to our nation’s economy and the coastal livelihoods of millions in the oil producing communities, this scourge has plagued our oil industry, resulting in significant revenue losses, environmental degradation, and insecurity within oil-producing Communities.”

The gunmen have since contacted the family demanding multi-million naira ransom for their safe release.

A police escort identified as Abdul Hassan was said to have been killed by the suspected gunmen. Efforts to reach the police for comment on the unfortunate

A family source, who confirmed the abduction of the couple, said the incident occurred on December 1 while they were returning to Abuja from Plateau State.

incident proved abortive at press time.

Kigbu had recently been conferred with the revered title of Aare Onisegun of Ekinrin-Adde Kingdom.

The Olu-Adde of EkinrinAdde Kingdom in Ijumu Local Government Area of Kogi State, HRM Olu Anthony Bamigbaye Idowu, conferred the title on him when the philanthropist paid him a royal homage at his palace.

Police Arrest Suspected Kidnappers, Armed Robbers, Others in A’Ibom

Okon Bassey inUyo

No fewer than 17 suspected criminals have been arrested in nine operations carried out by security operatives in Akwa Ibom State.

Some of the suspects were reportedly arrested in kidnap operations, armed robbery, possession of fire arms, vandalism, cultism, child theft among other crimes. The state Commissioner of Police, Joseph O. Eribo, who disclosed this yesterday at a press briefing, said while one was killed during an encounter others, who escape, were being trailed by

Ije

Jidenma

Elected

the police from the state Police Command.

He said: “Operatives of the Command, while on patrol on Ikot Ekpene/Uyo highway, received a distress call from a woman (name withheld) reporting that some armed men were attempting to kidnap her husband.

President of NigeriaSouth Africa Chamber of Commerce

Dr. Ije Jidenma has been elected the President and Chairman Board of Trustees Nigeria-South Africa Chamber of Commerce (NSCC) at the recently concluded Annual General Meeting of the chamber in Lagos. Mr. Ajibola Olomola

, a Partner & Head of Deal & Advisory , Merger and Acquisition, Tax of KPMG Professional Services , has been re-elected as the Vice Chairman of the Chamber further to his versatile and impactful role as a Director of

the Chamber while Dr Demola Sogunle a Director and former CEO of Stanbic IBTC Bank, who recently retired from the bank , has replaced by Mr Wole Adeniyi, the current Chief Executive Officer of Stanbic IBTC Bank.

Akintan

robbery. Rotimi Bidemi, Ojo, Ilesanmi for burglary. For stealing of motorcycle, we have Nelson Akinwande.

Sunday Okobi

MISSILE

NLC to Gov Nwifuru

“They are to sustain the momentum until the governor sees the need to not only behave properly but pay the minimum wage in compliance with the law. We recall that the strike action was preceded by failed conversations and notices to the governor on the need to implement the 2024 national minimum wage...In light of this, we consider the threats by the governor as irresponsible and unhelpful” --NLC President, Joe Ajaero, dismisses the Ebonyi State Governor’s threat to sack the striking workers over non-payment of the minimum wage.

MAGNUSONYIBE GUEST

How Trump Will Transform Washington

President-Elect Donald Trump, set to assume office as the 47th President of the United States on January 20, 2025, is preparing to usher in transformative changes that are already evident in the composition of his team. These changes, so striking, might have been considered heretical during historical periods of rigid orthodoxy, such as the Age of Inquisitions.

In those times, heresy—defined as expressing opinions that sharply contradicted established beliefs—was often met with severe punishments, well-documented and notorious enough to need no recounting. Today, Trump’s detractors, particularly the “Never Trumpers” who champion adherence to conventional political norms, might view him as guilty of defying what they see as the “correct” political dogma.

This perception may partly explain why Trump, who frequently labels his opponents the “radical left,” faced extreme resistance throughout his political journey. Evidently, his adversaries sought to thwart his resurgence through three significant attempts: impeachment, imprisonment, and even assassination—all of which, ultimately failed due to Trump’s unwavering faith in himself and indefatigable spirit.

To understand the depth of resistance Trump faces, one can draw parallels with historical instances where revolutionary ideas were met with fierce opposition. In the past, when groundbreaking discoveries challenged widely held beliefs—such as the realization that the Earth was not flat but spherical—those who introduced such ideas were often vilified, persecuted, or even killed for defying established norms. These innovators were seen as threats to the existing order, just as Trump’s unconventional approach has unsettled the entrenched political establishment in Washington.

The intertwining of religion and governance in historical eras often justified persecution under the guise of upholding divine order. In the modern context, Trump’s legal battles, impeachment proceedings, and public scrutiny evoke similar resistance to change—albeit in a political rather than theological sense.

Democracy, as a system of governance, emerged in Athens, Greece, during the 5th century BCE and was later refined by philosophers such as Socrates and Aristotle. Over time, it evolved through influences from thinkers like John Locke, Charles Montesquieu, and Jean-Jacques Rousseau, in France leading to its various manifestations around the world. Examples include the parliamentary system in the United Kingdom and the presidential system in the United States and India.

Despite its enduring prominence, democracy has coexisted with alternative governance systems, including monarchies, oligarchies, and diarchies, which remain prevalent in parts of the Middle East, Asia, and Japan. Some nations, like Sweden, Denmark, and Finland, have embraced “democratic socialism,” blending socialist economic policies with democratic governance—a stark contrast to the capitalist inclinations of the United States and much of the global West.

Trump’s leadership style signals a potential departure from the entrenched democratic norms that have shaped governance since the Byzantine era. His proposed reforms— and the unconventional choices for his cabinet—suggest a willingness to disrupt traditional politics in favor of a more transformative approach.

It is conceivable that by the end of his term, President Trump could draw comparisons to Constantine the Great, the Roman leader whose political and administrative reforms in the 4th century CE significantly influenced governance and shaped elements of democracy as we know it today.

Unsurprisingly, the prospect of such sweeping changes has unsettled Washington’s political class. These traditionalists, deeply rooted in the bureaucratic structures that have defined their careers, now face the disruptive reality of Trump’s second term—a term that promises to challenge the status quo and redefine the fabric of American governance. The impending shift in U.S. leadership under PresidentElect Donald Trump is generating significant anxiety, not just in Washington but globally. U.S. allies in NATO, trading partners like China, and adversaries such as Iran are all bracing for potential changes. In Africa, concern is also evident, compounded by unfounded allegations from Trump’s critics—referred to as “Never Trumpers”—who falsely claim that he harbors disdain for Black people in

the U.S and on the African continent.

For years, a baseless narrative has circulated, alleging that Trump referred to African nations as “shithole countries.”

This claim is unfounded, as Africa is a continent, not a single country, making it implausible that Trump made such a statement in the form attributed to him. These rumors appear to be part of a deliberate attempt by detractors to sow discord between Trump and Black communities worldwide.

In reality, the relationship between Africa and a second Trump administration is likely to be complex and multidimensional. However, as an analysts l would argue that Trump’s “America First” approach may introduce protectionist policies that could disrupt global trade, with potential repercussions for African economies. For instance, a reevaluation of trade initiatives such as the African Growth and Opportunity Act (AGOA) or a preference for bilateral agreements over multilateral ones could challenge Africa’s economic landscape, particularly if these moves undermine the African Continental Free Trade Area.

However, these challenges also present opportunities since Africa is a new frontier. So, if African nations act decisively, they could position themselves as viable alternatives in global supply chains, particularly in light of Trump’s campaign promise to impose a 16% tariff on imports from China. By stepping into roles vacated by China, African countries have the potential to strengthen economic ties with the U.S. under a Trump-led administration. This could be achieved through upgraded bilateral trade agreements or a reimagined “AGOA 2.0” that aligns with Trump’s vision. Who knows, there could even be Trump Tower in Abuja in the forseable future.

Security collaboration is another potential area of alignment. Strengthening the U.S. Africa Command to provide enhanced counterterrorism support could bolster peace and stability across the continent. Such efforts are critical for creating a secure environment conducive to trade and investment. Programs like Prosper Africa, launched in 2019 to promote U.S.-Africa trade and investment, could see renewed momentum if insecurity on the continent is addressed.

Ultimately, the trajectory of U.S.-Africa relations under Trump’s leadership will depend on several factors, including his administration’s policies, the responsiveness of African governments, and broader global economic trends. As such, African leaders must seize this moment to leverage emerging opportunities, particularly by adopting a strategic and business-oriented approach to engagement with the U.S. Already, the biggest American embassy in the world is under construction in Eko Atlantic City, Lagos. That to me is a demonstration of US.to Nigeria as a development partner. It goes without saying that embassys are veritable international facilitators.

For Africans—and Nigerians in particular—this could be a chance to benefit from Trump’s presidency if leaders align with the evolving U.S. policy framework. With the U.S., the world’s largest economy, potentially transitioning from its “global policeman” role to a leading creator of global wealth, Africa could capitalize on this shift for

mutual gain.

Turning to Trump’s unique and controversial persona, parallels can be drawn between his experiences and those of historical visionaries who challenged prevailing orthodoxy. Just as the discovery that the Earth was spherical contradicted the long-held belief in its flatness, Trump’s unorthodox positions—such as his initial skepticism about the catastrophic framing of COVID-19—have made him a target of political and media backlash.

These challenges are reminiscent of times in history when those who defied conventional wisdom faced severe criticism.

Throughout history, those who delivered groundbreaking insights or defied orthodoxy often faced resistance or persecution from entrenched authorities. This historical pattern mirrors the opposition that President-Elect Donald Trump is encountering from traditional politicians in Washington, as his unconventional policies aim to challenge the status quo and serve the interests of the more than 76.5 million Americans who decisively supported him.

Ancient Greek philosophers set the precedent for challenging established norms with transformative discoveries. Pythagoras (c. 570–495 BCE) observed the Earth’s shadow during lunar eclipses and hypothesized a spherical Earth, a theory further supported by Aristotle (384–322 BCE) through observations of disappearing ships on the horizon and shifting constellations. Eratosthenes (276–194 BCE) even calculated the Earth’s circumference with remarkable precision. Despite their significant contributions, these thinkers often faced skepticism and resistance from the leaders of their time.

Similarly, heliocentrism, first proposed by Aristarchus of Samos (c. 310–230 BCE) and later revived by Copernicus (1473–1543 CE), met staunch opposition. The Catholic Church opposed Copernicus’ model, and advocates like Giordano Bruno and Galileo Galilei faced severe consequences—Bruno was executed, and Galileo was confined to house arrest for defending the idea of a Sun-centered universe.

Trump’s political journey bears striking parallels to the struggles of these historical figures. Like them, he has faced significant resistance—allegations of election fraud in 2020, impeachment efforts, legal challenges, and even threats to his life during the 2024 campaign. Yet, his return to the presidency, set for January 20, 2025, underscores his resilience and broad support. The Republican Party’s simultaneous control of the Senate and the House of Representatives—a first in a century—further highlights the movement he has built.

Trump’s determination recalls figures like Ferdinand Magellan, whose historic circumnavigation proved the Earth’s spherical shape. Just as Magellan’s expedition was driven by perseverance, Trump’s commitment to “draining the Washington swamp” and instituting bold reforms is poised to reshape the U.S. political landscape.

This anticipated transformation is comparable to other seismic shifts in human understanding, such as the visual confirmation of the Earth’s shape via 20th-century satellite imagery or the revolutionary effects of artificial intelligence and social media. These innovations redefined how humanity interacts with the world, much like Trump’s policies are expected to redefine U.S. governance and global influence.

In preparation for his second term, Trump has begun assembling a team reflective of his unorthodox approach. He has appointed long-time ally Susie Wiles as Chief of Staff, crediting her for his electoral success. Key nominations include Tom Homan as Border Czar, Marco Rubio as Secretary of State, and former Congressman Matt Gaetz as Attorney General.

Other notable appointees include Tulsi Gabbard, a former Democratic congresswoman, as Director of National Intelligence; Chris Wright, an oil industry executive, as Energy Secretary; and Robert F. Kennedy Jr., a controversial figure due to his stance on vaccines, as Public Health Secretary. These choices signal Trump’s intention to challenge conventional governance and implement transformative changes during his upcoming term.

Former serviceman Doug Collins, known for defending Donald Trump during his first impeachment trial, has been appointed as Secretary of Veterans Affairs, while North Dakota Governor Doug Burgum, with extensive business and governance experience, has been named Secretary of the Interior. John Ratcliffe will serve as CIA Director, and Kristi Noem has been chosen as Secretary of

Homeland Security. Matt Gartz, defense secretary nominee has generated a lot of furore as it has been aledged that he had been accused of some improprieties. Even the current defense secretary ,Lloyed Austin suffered a similar push back based ruled that could have precluded him from eligible but in the end he received confirmation from the senate.

Among Trump’s appointments, the most innovative is the creation of a new federal agency, the Department of Government Efficiency (DOGE). This agency will be led by tech billionaire Elon Musk and former Republican rival Vivek Ramaswamy. DOGE’s mission is to streamline government by reducing excessive regulations, cutting wasteful spending, and restructuring federal agencies. Announcing the initiative, Trump stated:

“I am pleased to announce that the great Elon Musk, working in conjunction with American patriot Vivek Ramaswamy, will lead the Department of Government Efficiency (‘DOGE’). Together, these two wonderful Americans will pave the way for my administration to dismantle government bureaucracy, slash excessive regulations, cut wasteful expenditures, and restructure federal agencies—essential to the ‘Save America’ movement. This will send shockwaves through the system, and anyone involved in government waste, which is a lot of people!” These reforms are expected to challenge Washington’s entrenched systems, ushering in an era of efficiency and innovation that could influence global governance trends for years to come.

Interestingly, Trump’s DOGE initiative draws parallels to Nigeria’s 2012 Oronsaye Report, which outlined measures to reduce governance costs by consolidating Ministries, Departments, and Agencies (MDAs). Despite its potential, the report has been largely ignored for over a decade, contributing to Nigeria’s current debt crisis, which the Debt Management Office estimates currently N134.3 trillion. President Bola Tinubu’s recent reforms, such as removing fuel subsidies and devaluing the naira, align with Trump’s bold approach and could serve as inspiration for addressing Nigeria’s governance challenges. Trump is also targeting “wokeism,” a term that originally referred to awareness of social injustices but has evolved into a critique of perceived political overreach and divisiveness. Trump’s opposition to wokeism resonates with financial giants like Elon Musk, who joined his campaign partly due to personal experiences—Musk’s son underwent a gender transition, a decision Musk attributed to ideological influences propagated in US.schools to minors which he opposes. Musk reportedly contributed $118 million to support Trump’s campaign and challenge cultural trends they see as harmful.

Trump’s return to the presidency in 2025 will make him only the second U.S. president, after Grover Cleveland, to serve two non-consecutive terms. In his victory speech, Trump described this achievement as the “greatest political movement of all time” and vowed to restore the country’s values, saying:

“There’s never been anything like this in this country, and maybe now it’s going to reach a new level of importance because we’re going to help our country heal. We have a country that needs help, and it needs help very badly.”

Trump’s reforms aim to reset America’s moral compass, reflecting the values of its Founding Fathers and challenging what he perceives as a decline in societal ethics. His focus on combating wokeism and restoring traditional principles underpins his broader vision to Make America Great Again (MAGA).

While implementing these changes will be complex, Trump’s presidency could redefine governance and democracy for the modern era. Much like Athens pioneered democracy in the 5th century BCE, Trump’s efforts may reshape democratic systems globally. His forthcoming term, marked by ambitious reforms, will likely serve as a critical test for the resilience and adaptability of American democracy.

Trump’s confidence is underpinned by the over 75million American electorate who gave him their mandate to become the 47th president and drain the swamp in Washington.

•Magnus Onyibe, an entrepreneur, public policy analyst, author, democracy advocate, development strategist, alumnus of the Fletcher School of Law and Diplomacy at Tufts University, Massachusetts, USA, and a former commissioner in the Delta State government, sent this piece from Lagos, Nigeria.

US President-elect, Donald Trump