Author: The Nation

  • NEMA partners media for accurate, proactive emergency reporting

    NEMA partners media for accurate, proactive emergency reporting

    The National Emergency Management Agency (NEMA) weekend urged the media to continue to continue to uphold accurate and proactive disaster, emergency reporting to foster development.

    Director General, Mustapha Habib Ahmed, made the appeal at a workshop for media practitioners on disaster reporting organised by NEMA in Lagos, Saturday.

    Ahmed, who led senior officials of NEMA to the workshop, said it was an opportunity for the agency to interact with media practitioners, share learning, insights and equip them with knowledge that would help in their reportage as well as enable them to curb misinformation, disinformation and fake news while building resilience in the sector.

    Accoridng to him, by working together, the media and NEMA could raise public awareness, enabling individuals to make informed decisions and take necessary precautions when faced with emergencies.

    He urged media practitioners to act as gatekeepers in this era of widespread disinformation, expressing trust in their ability to counter misinformation, fake news, and the activities of citizen journalists and fifth columnists.

    He said: “We intend to foster collaboration and networking between media practitioners and NEMA. Our shared goal is to facilitate effective information dissemination during emergencies.

    “By working together, we can ensure that timely and accurate information reaches the public, creating much needed awareness and enabling them to make informed decisions and take necessary precautions where applicable.”

    Read Also: Mutfwang solicits NEMA’S support for Plateau IDPS

    The workshop featured technical presentations, panel discussions, and interactive sessions.

    NEMA’s Director of Special Duties, Dr. Onimode Bandele Abdullahi, provided a comprehensive overview of the agency’s history, mandate, and efforts in disaster management within Nigeria.

    A panel discussion, moderated by Dayo Alao, focused on “Navigating Challenges in Disaster Reporting: Insights from Media Practitioners.” Panelists included NEMA’s Director of Disaster Risk Reduction, Dr. Daniel Obot; the agency’s Head of Lagos Territorial Office, Ibrahim Farinloye; Managing Editor Daily Trust, Hamza Idris and Publisher of Eagle Online, Dotun Oladipo.

    Two additional technical presentations enriched the workshop’s agenda. Communications Management Expert, Chido Nwakanma, led a session on “Collaborative Approaches in Disaster Reporting: Strengthening Partnerships for Effective Communication,” while PR and Development expert, Toni Kan, facilitated a presentation on “Ethics in Disaster Reporting: Balancing Sensationalism and Responsible Journalism.”

    The workshop concluded with feedback from the media practitioners, who commended NEMA for organising the insightful and timely event.

  • Ododo represents Kogi’s interests, says Governor Bello’s CPS

    Ododo represents Kogi’s interests, says Governor Bello’s CPS

    As the November 11 governorship  election in Kogi State draws closer, the  All Progressives Congress (APC) candidate, Ododo Ahmed Usman, is gaining significant ground, particularly in the Eastern Senatorial District of the state.

    During a campaign at Umomi in Ofu Local Government Area, the Chief Press Secretary to the Governor of Kogi State, Onogwu Muhammed, emphasized that the APC candidate represents the interests of the entire state.

    He stressed that those advocating for an ethnic agenda are individuals who have never truly prioritized the well-being of the people.

    Describing ethnic agendas as self-destructive, Onogwu took the opportunity to recount a time when a former governor fiercely fought for his biological son to assume the position of governor, disregarding the numerous qualified candidates from the Igala ethnic group.

    He credited Governor Yahaya Bello’s administration with initiating an infrastructural turnaround for the people of Kogi East, specifically, and the state as a whole.

    “We have a lot to showcase to the world regarding the achievements of the Bello-led administration. Governor Bello rehabilitated the 56km Umomi-Akpagidigbo-Ugeolawo-Ajaka-Idah road, which was previously a death trap and had been abandoned by the previous administration.

    Read Also: Youths, students endorse Kogi APC governorship candidate Ododo

    ‘’Our community here was on the verge of devastation due to gully erosion, but Governor Bello intervened promptly. Should I mention other projects such as the Ibana-Okpo-Ikeje-Emonyoku-Ogugu road, Ikem-Adumu-Ogugu road, ANKPA township road, the conversion of Idah General Hospital to a Zonal Hospital, the construction of the Health Sciences Department at the Faculty of Medicine, Prince Abubakar Audu University, and countless others?”

    ‘’Hon Ododo Usman is qualified eminently to sustain and build on the existing legacy of the current administration.

    Onogwu urged the people to ensure victory for the APC in the November election and encouraged them to welcome others who wished to join the ruling party in the area.

     He emphasized that the APC has a strong and devoted following in Ochadamu ward, stating that the opposition has never been successful in winning the ward, even during the days of NRC, APP, ANPP, AC, ANC, and APC. He appealed to the people to maintain the party’s winning streak in the November 11  elections.

  • How NDLEA operatives killed my son, injured younger sibling by Father

    How NDLEA operatives killed my son, injured younger sibling by Father

    The distraught father of a two-year-old boy allegedly killed by stray bullet from operatives of the National Drug Law Enforcement Agency (NDLEA) Delta Command, has cried out for justice.

    The operatives on July 13, raided a suspected den for drug peddlers at Okpanam, a suburb of Asaba, Delta State, where they allegedly opened fire.

    But bullets fired at the scene allegedly hit the toddler and his infant sibling on the abdomen and eye, respectively, while they were in their mother’s shop, outside of the drug den.

    The bereaved father, Fidelis Okogbe Omorhia, 40, a salesman, who expressed fears that the case may be swept under the carpet because he had no influence; told The Nation yesterday that his toddler son, Ivan Omorhia, was eating corn with his mother and two other siblings in their mother’s shop, Hillsi Cakes n More Academy, when the straybullet hit him.

    He said the bullet narrowly missed his wife and four year old daughter, wondering why the NDLEA operatives would shoot sporadically in a crowded and busy area.

    According to him, the operatives fled the scene after they were accosted for shooting the toddler, adding that his 18-month-old baby, Eromosele, was injured in his left eye from shrapnel from shattered glasses.

    He said the straybullet pierced his son’s lower abdomen, exiting from his back and further pierced a plastic chair, shattering a glass door before lodging in a cupboard.

    He said both children were rushed immediately to the Federal Medical Center (FMC), Asaba, for surgery where Ivan died around midnight July 14, after doctors battled in vain to save him.

    Omorhia said: “I am a complete wreck. I cannot express my pain in words. As we woke up that fateful morning, it was Ivan who prayed for the family. I had no premonition of death at all. Even when I picked them from school, they wanted me to buy icecream, but I bought cooked corn which they were eating when he was hit.

    “What really happened was that I went to my kids’ school to pick them up, and dropped them off at my wife’s shop, at a Plaza close to Sweet Spirit Hotel.

    “That is where my wife’s shop is located so that I can go and meet up with my other activities. As usual I pick them up after we close for the day.”

    Read Also: Child’s death: We’re investigating Asaba shooting, says NDLEA

    “So, as I was going back to the house to pick up something, my house is just five minutes drive from the shop, my wife called me, sweetheart, please come! They don’t understand whether it is a bullet or anything. There is no gunshot within that environment. I then rushed back to the place, and when I got to the place, my wife called me and said that they are going to FMC, urging me to meet them there.

    “It is like a gunshot because my wife said she saw my boy’s intestines coming out even the glass that the bullet penetrated, affecting my son’s eye. She held two of them and started shouting for help, that was when she then called me to meet them at FMC.

    “As I was going to FMC, I said no, let me stop at the shop and know what was happening. When I got to the shop, I saw a Hilux Van, fully loaded with armed operatives of NDLEA.

    “I saw another Sienna mini bus, they drove to turn at an intersection up the road and I saw another Honda saloon. The vehicles were all occupied by NDLEA operatives. So, they then parked close to my wife’s shop.

    “According to the people around, they were chasing those guys that sell drugs but the guys ran away but I don’t know how the bullet got to my wife’s shop.

    “So, I was trying to ask some of my neighbours. My wife just told me that there’s a gunshot that hit my boy and his intestines are coming out.

    “Then one of the boys said it was the gun that was shot that hit my son. They had already parked and were trying to arrest some other boys while others ran away. The place was rowdy.

    “The information I got emboldened to meet them and I was trying to take pictures and trying to take some videos. One of the operatives came out and asked why I was videoing him, asking me if I am mad.

    “He then cracked his gun, I then told him that the gun you people shot has killed my son, and if you want to kill me, just kill me as I won’t leave. The guy (operative) punched me, I then held his hand. Immediately they heard that their gunshot killed my child, they immediately entered their cars and zoomed off.

    “I jumped inside my car and followed them till we got to Issele-Azagba, they then stopped while I pulled over in one filling station and they came to me. I told them that the gun they shot killed my son, they said they know and they have called their Commander.

    “They said I should follow them to their Head Office in Ogwashi-Uku, and getting to their office, their boss brought them out, and talked to them before coming in.

    “They started pleading with me and enquired about the condition of the child and I told him that I haven’t seen him as I decided to stay around the shop to know what happened. That was when I discovered that it could be these guys who were armed.

    “The Oga then said that was true. According to their Oga, he said what they told him is that they were chasing someone or that they wanted to cross the road and a bike or a vehicle hit the NDLEA guy, that was when the gun went off.

    “He said I should not worry and that I should go and see my children as that is the most important thing to everybody right now and that he will send one or two persons with me. Immediately, I left for Asaba to come and see them and they told me that they were in the theatre and that they were looking for blood.

    “After one and a half hour, the people that the Commander sent, then came that their Oga sent them to come and see the situation and I told them that they are trying to look for blood for him(Ivan) to survive.

    “The blood they said we should donate is a fresh one and not the one they have in their blood bank. So, we were trying to look for some of my friends that came around as I could not donate because I am B positive.

    “So, we then got one of my wife’s workers that is O positive who donated blood. We were running around and they were doing X-ray and all of that. About 7:00pm to 1:00am, Ivan had died because his intestines and kidneys were badly affected.

    “The glass shrapnel hit my eighteen months old son in his left eye and body. They took him to the theatre yesterday at about 2:00 am and they came out at 6:00am this morning trying to ensure that the cut and wounds are treated.

    “We need justice for our children. We need to take it up, it cannot just go like this. I don’t even know the condition of this one. I don’t know his fate, we need justice.

    “The one that died is supposed to graduate next tomorrow. They have given the graduation gown to him,” he lamented.

    State Commandant of the NDLEA, John Tunde, confirmed the incident but insisted that his men did not open fire on the kids.

    Tunde said when his men stormed the notorious drug joint to raid and dislodge the place, there was a Toyota Camry parked within the precincts.

    He said while the operatives were surrounding the place, the Camry “ran over one of our men while escaping. In attempts to demobilise the car, our men shot at it.

    “What we cannot tell now is whether the children were inside the car at the time of the shooting. Our men did not open fire at any shop.

    “As we speak now, our man who the car ran over, is at the Central Hospital in Ogwashi-Uku. Our attempt to stop the car was not successful as he escaped.

    “So I can confirm that it happened but it is the true account that I have told you, we can’t be that unprofessional to open fire on a shop. I was at the hospital in the night with the father of the child. We are investigating it.”

    Delta Governor, Chief Sheriff Oborevwori, yesterday, condoled with the family of the slain toddler.

    In a statement by his Chief Press Secretary, Sir Festus Ahon, the Governor said the tragic incident was regrettable and avoidable if the officers had operated based on their rules of engagement.

    He urged the NDLEA authorities and the Delta Police Command to investigate the circumstances surrounding the death of the boy and injury to his brother, with a view to bringing the culprits to book and avoiding a future occurrence.

    “This incident is tragic, painful, and grievous because of the loss of a child and injury to his younger sibling.

    “I condemn this unfortunate incident because no matter the provocation, armed security men must operate within the ambit of standard procedure as enshrined in their rules of engagement.

    “Any action taken outside these international best practices could be catastrophic as in this case.

    “I therefore call on the NDLEA and Police authorities to thoroughly investigate the circumstances surrounding the unfortunate incident and bring all the culprits to book,” he said.

    Also, a youth group, Anioma Youth Forum Worldwide (AYF-W) in a statement by its National Publicity Secretary, Ekwukwo Elvis, condemned the “shocking incident”, describing the action of the anti-drug agency as “reckless”.

    He raised alarm over the lack of professionalism in handling firearms by security agencies in the state, warning that killings of innocent people by security agents will no longer be tolerated.

    Part of the statement reads, “Such a blatant display of unprofessionalism, where firearms are handled carelessly, resulting in the loss of innocent lives, is an occurrence that has become a recurring decimal and must not be tolerated any longer.”

    He added, “the wanton disregard for safety and professional best practices demonstrated by certain operatives in Delta demands immediate attention.”

  • Profit-taking halts Nigerian equities’ historic rally

    Profit-taking halts Nigerian equities’ historic rally

    • •Stocks lose N256b •Pundits optimistic on rebound

    Nigerian equities buckled under a strong wave of sell orders as investors sought to monetise capital gains from a sustained rally that had seen investors accumulating more than N5.5 trillion in capital gains over the past six weeks.

    With nearly three out of four transactions under sell pressure, benchmark indices at the Nigerian Exchange (NGX) indicated average decline of 0.75 per cent, representing net loss of N256 billion during the week.

    Market pundits were however unanimous that the decline was a breather, a momentary profit-taking session by investors, with most expecting the market to remain resilient in the days ahead.

    The recent rally, which was triggered by the inauguration of President Bola Tinubu, drove the market to 15-year high and was few points away from all-time high. It was unprecedented in the immediate period of political transition.

    The All Share Index (ASI) – the value-based common index that tracks share prices of all quoted equities at the NGX, dropped from its week’s opening index of 63,040.41 points to close weekend at 62,569.73 points. The decline moderated the average year-to-date return for Nigerian equities to 22.08 per cent.

    Aggregate market value of all quoted equities at the NGX also declined from its week’s opening value of N34.326 trillion to close at N34.070 trillion, a drop of N256 billion or 0.75 per cent.

    The ASI, widely regarded as the main measure of the investors’ mood at the stock market, had stood at 52,973.88 points on the eve of May 29, 2023 swearing in of the new president while aggregate market value of quoted equities had stood at N28.845 trillion. The ASI and aggregate market value of quoted shares had opened 2023 at 51,595.66 points and N28.103 trillion.

    Market analysts were unanimous that the decline last week was due to profit-taking transactions.

    Futureview Financial Services Limited said that the “market’s downturn was primarily attributed to persistent profit-taking activities”, noting that there could be “mixed performance in the coming week”.

    “Despite the weak sentiment, we anticipate market recovery in the upcoming week,” Afrinvest Securities stated.

    Analysts at Arthur Stevens Asset Management said it was expected that the market would rebound from the bearish trend as “the market has proven its liquidity and the parameters for profit maximisation are available as we await second quarter earnings reports of listed companies”.

    Analysts, however, urged investors to pay close attention to global indicators as well as trends in the current global situation, noting that “investors should go for stocks with strong fundamentals”.

    Cordros Securities said the “bullish momentum lost steam as investors took a breather following the recent rallies”.

    “With the half-year earnings season on the horizon, we believe investors will look for clues on the sustainability of the decent corporate earnings released for first quarter 2023.

    “However, we expect mixed market performance in the week ahead as bargain hunting on dividend-paying stocks will be matched by intermittent profit-taking activities. Overall, we reiterate the need for taking positions in only fundamentally sound stocks as the weak macro environment remains a significant headwind for corporate earnings,” Cordros Securities stated at the weekend.

    Sectoral analysis showed mixed performance with gains by oil and gas and industrial stocks counteracted by losses by influential banking, consumer goods and insurance stocks. The NGX 30 Index, which tracks the 30 largest stocks, dropped by 0.44 per cent.

    The NGX Banking Index recorded the highest loss of 14.32 per cent. The NGX Insurance Index followed with a loss of 11.53 per cent. The NGX Consumer Goods Index dropped by 2.29 per cent while the NGX Pension Index, which tracks stocks adjudged acceptable for investment of pension funds, depreciated by 2.78 per cent.

    Meanwhile, the NGX Industrial Goods Index rode on the back of gains by Dangote Cement to post a return of 9.01 per cent. The NGX Oil and Gas Index rallied by 1.43 per cent while the NGX Lotus Islamic Index, which tracks ethical stocks that comply with Islamic finance, recorded a gain of 0.72 per cent.

    Global stock analysis showed a generally positive trend. In United States, the Dow Jones Industrial Average (DJIA) and S & P 500 rose by   two per cent and 2.5 per cent. United Kingdom’s FTSE 100 appreciated by 2.5 per cent. STOXX Europe, which tracks European markets, rose by 3.1 per cent. Japan’s Nikkei 225 inched up by 0.2 per cent while China’s SSE Index appreciated by 1.4 per cent. The MSCI EM Index, which tracks emerging markets, rose by 4.1 per cent while its twin index, the MSCI FM, which tracks frontier market, appreciated by 2.1 per cent.

    At the market, there were, however, 29 gainers to 77 losers last week compared with 78 gainers and 25 losers recorded in the previous week. Champion Breweries led the losers with a drop of 31.52 per cent to close at N3.15 per share.

    Academy Press and Wema Bank followed with a loss of 26.80 per cent each to close at N1.83 and N4.05. Sterling Financial Holdings Company trailed with a drop of 25.42 per cent to close at N3.11 while Fidelity Bank lost 24.97 per cent to close at N6.70 per share.

    On the positive side, Daar Communications led the gainers with a gain of 50 per cent to close at 30 kobo. John Holt followed with a gain of 44.80 per cent to close at N1.81.

    Deap Capital Management & Trust rose by 34.62 per cent to 35 kobo. Courteville Business Solutions appreciated by 32.84 per cent to close at 89 kobo. Golden Guinea Breweries added 32.58 per cent to close at N2.93 while Morison Industries rose by 31.02 per cent to close at N2.83 per share.

    The momentum of activities also slowed down with a total turnover of 5.246 billion shares worth N63.417 billion in 57,234 deals last week, as against a total of 9.831 billion shares valued at N145.408 billion traded in 54,478 deals two weeks ago.

    A breakdown of sectoral trading pattern showed that the traditional most active bank-led financial services sector remained atop activity chart with 3.494 billion shares valued at N38.032 billion in 28,633 deals; representing 66.60 per cent and 59.97 per cent of total equity turnover volume and value.

    The conglomerates sector followed with 451.410 million shares worth N2.186 billion in 3,147 deals while the information and communication technology (ICT) sector placed third with a turnover of 332.705 million shares worth N5.638 billion in 4,207 deals.

    The three most active stocks were United Bank for Africa, Transnational Corporation of Nigeria and FBN Holdings, which altogether accounted for 1.222 billion shares worth N15.523 billion in 8,260 deals, representing 23.28 per cent and 24.48 per cent of the total equity turnover volume and value.

  • NYSC DG urges corps members to avoid night journeys

    NYSC DG urges corps members to avoid night journeys

    The Director General of the National Youth Service Corps (NYSC), Brig.-Gen. Yushau Dogara Ahmed, has warned corps members against embarking on night journeys.

    He advised them to seek shelter in military camps and police barracks whenever they cannot continue their journeys during daytime.

    Ahmed spoke yesterday in Katsina while addressing newly sworn-in corps members.

    The NYSC boss described night journeys or travels outside the camp without proper permission as risky and against the scheme’s byelaws.

    He said: “The best form of security is your personal security. Corps members can lodge at military and police barracks when on late journeys. Don’t endanger your lives. Seek cogent permission, if you must travel.

    Read Also: Mbah urges court to dismiss NYSC’s objection to his N20b suit

    “For you to be called to service deserves a special congratulation. This is the height of it all.

    “Every camp has rules, attitude and momentum of discipline. You are all from diverse ethnic groups and some of you here may remain friends forever.”

    Ahmed admitted that every community has its good and bad persons.

    The NYSC boss advised corpse members to shun immoral conducts, including drug abuse, saying there is a camp court for the trial and judgment of every offender in any crime or misdemeanour.

    He promised to improve the state of facilities in the camp, including installation of vital equipment.

    Ahmed was taken round the facilities at the camp by the State NYSC Coordinator Aisha Mohammed.

  • President set to unveil security plan, says Shettima

    President set to unveil security plan, says Shettima

    • •VP on condolence visits in Kano, Katsina

    In the next few weeks, President Bola Ahmed Tinubu’s administration will unveil its agenda to address insecurity and poverty, especially in the North, Vice President Kashim Shettima has said.

    The Vice President announced this while addressing reporters during a condolence visit to Kano State.

    He noted that the security situation in the Northwest would have to be addressed through carrot and stick approach.

    Shettima, who was accompanied by Deputy Senate President Barau Jibrin, among others, was in Kano to commiserate with the government and people of the state on the passing of elder statesman, Alhaji Abubakar Imam Galadanci.

    A statement by the Director of Information in his office, Mr. Olusola Abiola, said Vice President Shettima announced that the President would soon unveil the Pulaaku Solution, a Fulani code of conduct, to restore peace and security in accordance with the ethnic nationality’s ethos.

    The statement said the plan would be centered on abstaining from anything that could lead to disgrace or embarrassment of the race.

    Speaking on President Tinubu’s plan to address challenges confronting Nigerians, Shettima said: “The President is determined to define the meaning and concept of modern governance and the crisis we have in the Northwest, which is further accentuated by poverty.

    “The social exclusion is also something that the President is determined to frontally confront. In the coming weeks, he is going to unveil the Pulaaku Solution.

    “Unless we want to engage in an endless war of attrition, there cannot be a military solution to the crisis in the Northwest. There has to be a kinetic and non-kinetic solution.

    Read Also: Tinubu will prioritise girl-child education, gender empowerment, says Shettima

    “In the next couple of weeks, we will unveil the Pulaaku Solution, which will address the grievances and social exclusion of our Fulbe cousins in the northwest and towards addressing the root causes of all the banditry and insurgency in the nation.”

    On arrival in Kano, the Vice President was received by Governor Abba Yusuf, and he and his delegation proceeded to the home of the Emir of Bichi, Alhaji Nasiru Ado Bayero, where he commiserated with the traditional rule on the death of the late Imam Galadanci.

    He passed President Tinubu’s condolences to the bereaved family.

    From the Emir’s palace, Shettima visited the family of the late Galadanci where he was received by Prof. Shehu Galadanci and Air Vice Marshal Nura Imam (retd.) on behalf of the extended family.

    On behalf of President Tinubu, the Vice President prayed Allah to grant the deceased eternal rest and strengthen the family.

    Prof. Galadanci stressed the need for unity among northern leaders and urged fellow Nigerians to always support the Tinubu administration in prayers and actions to ensure

    From Kano, Shettima flew to Katsina on another condole visit to renowned businessman, Alhaji Dahiru Mangal, on the passing of his first wife, Hajiya Aisha Dahiru, on Saturday in Abuja.

    The late Hajiya Mangal has been buried according to Islamic rites.

    Other members of the Vice President’s delegation included a member of the House of Representatives from Kano, Abdulmumin Jibrin, and the Senior Special Assistant to the President on Political Matters, Alhaji Ibrahim Masari.

  • Crude oil theft: Matters arising

    Crude oil theft: Matters arising

    When former Niger Delta militants’ leader, Asari Dokubo recently claimed that 99 per cent of crude oil thefts in the country were traceable to the Nigerian Army and the Navy, many considered the allegation outlandish.

    His controversial antecedents and inability to provide credible evidence may have diminished the potency of the allegation. But that may not be enough to offhandedly dismiss the issue he raised as lacking in merit.

    Hear him: “The military is at the centre of oil theft, and we have to make this very clear to the Nigerian public that 99 per cent of oil theft can be traced to the Nigerian military: the army and the Navy, especially”

    He spoke to State House correspondents after he had audience with President Tinubu during which meeting he said, discussions centred on oil theft and security. It is possible Dokubo raised the same weighty allegation in his discussions with the president.

     The Nigerian military has denied the allegation arguing they had conducted several successful operations to curb oil theft in the country. In separate statements, the Nigerian Army and the Navy dared Dokubo to furnish evidence to substantiate his claims. That may prove a hard nut for Dokubo to crack

    But events seem to be fast according credence to the claim by the former militant leader in spite of the refutation by the military. Facts surrounding last week’s interception and subsequent destruction of an 800,000-tonne capacity vessel with stolen crude oil, point to the direction that Dokubo’s allegation may after all, not be a ruse.

    Not with all the shady activities ascribed to the vessel in the last 12 years. Not with the revelation that the vessel had been caught twice in the same criminal business and handed over to the Nigerian Navy. Curiously, each time it was handed over to the Navy, the vessel resurfaced with a disguised name to continue its shady deals.

    Apprehended in the wee hours of penultimate Friday, following discrete surveillance by a private security company, the vessel which was conveying the stolen crude oil to Cameroon had 11 Nigerians and one Ghanaian on board at the time of its arrest.

    The Nigerian National Petroleum Company Limited, NNPCL gave a troubling account of the devious escapades of the vessel owned by a Nigerian registered company when it revealed that its’ original name- Ali Riza-Bey had been altered to MT Tura 11 to evade security. The NNPCL rationalized the destruction of the vessel for serially being used for crude oil stealing.

    The identities of those arrested on board of the rogue vessel as well as owners of the Nigerian registered company have remained curiously cloudy. How come the rogue vessel operated for 12 years changing names after each arrest and yet gets away with such criminality?

    At what point was this serial criminality discovered-before the recent arrest or thereafter? And what made it possible for the vessel to get away with its criminal escapades all through these years. What really changed now that made the arrest possible?

     Yes, the vessel has been destroyed to serve as a deterrent to future offenders. But that is just scratching the surface of the organized syndicate responsible for stealing crude oil in our territorial waters. The incident is just a tip of the iceberg on the monumental looting of the nation’s crude oil in the high seas by sundry rogue and unpatriotic elements.

    Read Also: Police thwart oil theft attempt from Lagos NNPC pipeline

      Figures released by the Nigerian Extractive Industries Transparency Initiative, NEITI, in April this year, indicated that the country lost 619.7 million barrels of crude oil valued at N16.25 trillion to crude oil theft between 2009 and 2020.

    This may be a rough projection given the difficulty in recording crude oil theft in view of the illicit nature of the business. Had the ill-fated vessel not been caught, it remained to be conjectured how the attendant loss would have been figured out by NEITI.

    Nonetheless, the figures illustrate the incalculable harm wrought on the collective patrimony of the suffering citizenry by crude oil thieves. They underscore most poignantly, the enormity of the challenge and why the current incident must be methodically investigated to get at the root of all those involved in this economic sabotage.

    The investigation should unveil those behind the activities of the rogue vessel, the government agencies and security officials under whose supervision the vessel had a free reign all through these years. It is important to unravel why the vessel has been operating and changing names in the last 12 year and yet nothing happened.

    The Navy was fingered as taking custody of the vessel on each of the occasions it was arrested. We need to locate the officials who were handed over the vessel to explain the circumstances that brought about this odious pass. They have a very serious case to answer whether they are still in service or out of it.

    Had they been handed over the vessel this time as they demanded, we may have had the vicious cycle of the scandal to contend with for a longer time.  It is possible someone high up there has been covering up the stealing by the vessel. That person or syndicate must be unmasked else the drama of the arrest and destruction of the vessel will be of little consequence.

     Beyond these, this singular arrest has miserably elevated to the fore some of the reservations for which fuel subsidy removal had in the past, received strident opposition from the citizenry. Here; the amount of revenue lost to crude oil theft in the face of frequent reminders by the government of what it loses by subsidizing domestic consumption of fuel comes into mind.

    When the cost of crude oil that would have been lost to Cameroon in the ill-fated deal is paired with the figures from the NEITI, the enormity of the loss becomes more glaring. Yet, this does not include losses from unrecorded crude oil theft.

     So the real issue is not just about what the government loses by ‘subsidizing’ domestic fuel consumption. Of critical importance are losses incurred from the high volume of crude oil theft due to negligence or connivance by responsible government agencies. If a particular vessel could be arrested twice in the last 12 years, yet it continued to operate in the illegal business without let or hindrance, then the matter is that hopeless.

    The country’s oil revenue losses are likely to accrue more from unrestrained crude oil theft than fuel subsidy removal. The figures given as losses from crude oil thefts strike as mere projections in view of the difficulty in getting accurate data from such illicit businesses.

    We have just been told by the federal government that domestic fuel consumption has reduced by a monthly average of 18.5 million litres in June. Figures released by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed that average daily petrol consumption fell to 48.43 million litres in June as against a previous average of 66.9 million litres.

    NMDPRA also said fuel smuggling collapsed in the neighbouring countries of Benin, Cameroon and Togo after fuel subsidy removal. These should be obvious fallouts of fuel subsidy removal.

     But reduction in domestic consumption will inescapably adversely affect government revenue projections. The situation is a bit intricate. A monthly average domestic fuel consumption drop of 18.5 million litres would imply a reduction in government revenue by that margin. When this is paired with the revenue accruals consequent upon fuel subsidy removal, one may discover that the projected revenue receipts may have substantially dropped.

    So the promise of re-investing the revenue projected from fuel subsidy removal and the prospects it holds for the citizenry may be jolted by the huge drop in revenue from domestic fuel consumption. That is the emerging dialectics in the fuel subsidy debate.

  • Students’ loan scheme: What next?

    Students’ loan scheme: What next?

    • By Tunde Adejumo

    Further to the remarkable presidential assent on the Students Loan (Access to Higher Education) bill 2023, meant for advancing interest-free loans to students of government-owned higher institutions among other things, the question on the lips of many Nigerians now is – ‘’What next?”. The new law which provides for establishment of a new development bank, “National Education Bank (NEB)”, is with a view to ensuring ease of access to tertiary education by indigent students in the country.

    Given that, since June 12 this year when the bill was signed into law by President Bola Ahmed Tinubu, the media (across the country) had been awash with discussions, different opinions and recommendations on the new law, I think it is time to begin further actions on the matter.

    While so many sections of the new law requiring further enhancement had been identified and thoroughly argued, the general consensus across the diverse viewpoints is that such innovative intervention, which reflects a lot of departure from the earlier unsuccessful attempts in the country, is long overdue. No wonder, the new law is welcomed with a lot of excitements and anticipations particularly by the financially-disadvantaged people in the country. These are Nigerians who are genuinely in need of such financial interventions.

    From the diverse arguments and numerous debates that greeted the enactment of the new law, one could see that the highest number of agitators were actually those who would never think of borrowing a dime in financing their children or wards’ higher education due to their robust financial status. Various observations raised so far about the inadequacy of the new law pertain to the stipulated threshold of the financial status of parents of students qualified to apply for the interest-free student loan. As indicated, total annual income of parents of a would-be-beneficiary of the loan is expected to be below N500,000. Considering the current inflationary situation, and the minimum salary regime of N30,000 in the country however, the stated sum truly looks ridiculous and implies that only a few among the targeted “poorest of the poor” would be eligible at the end.

    Going by the concerns raised on this inappropriate threshold, I am certain an increase of this amount to a much more reasonable level (for instance N1million) would be made before commencement of the implementation of the law.

    Similar to this concern is the pessimistic view of some critics on the ability of the operators of the loan scheme to be able to secure prompt repayments of the loan from the potential beneficiaries so as to guarantee its sustainability. The genuineness of this concern is derived from the unpalatable experiences on the previous students’ loan schemes in the country. As valid as this concern is however, am of the view that the modalities of securing the loan through two notable guarantors (chosen from civil servant with at least 12 years in service, a lawyer with at least 10 years post-call experience, a judicial officer, or a justice of peace), and associated penalty is enough to guide the proposed loan against default. Certainly, defaulters of students’ loan are indirectly stealing from the national appropriation account, and no measure meant to dissuade this unwholesome practice should be adjudged too much.

    Surprisingly, most of the critics doubting repayment of the loans by the would-be-beneficiaries are also the same group of agitators against the seemingly water-tight securitization arrangement on the loan. These are the people vehemently criticizing the reasonableness of guarantee arrangement on the proposed interest-free loan. Till date, third party guarantees still subsist in the country (as applicable in other climes) as part of critical conditions for commercial lending. Therefore, one wonders why such an arrangement on government’s interest-free loan would generate such level of condemnation.

    Read Also: Thoughts on the Student Loans Act (2)

    As higher institutions of learning in the country would soon be warming up for a fresh academic session, and given the desire of President Tinubu to have this scheme taking off by September this year, it is highly desirous that necessary machineries are swiftly put in motion to ensure prompt take off of the new bank (i.e. NEB) saddled with the implementation of the loan scheme.

    Going by the membership of the board of the new bank as provided under the law, all the members with the exception of the chairman of the board, the chief executive of the proposed bank, and secretary to the bank’s board, are known without any ambiguity. Incidentally, under the law, the three named key officials of the bank’s board are to be appointed by Mr. President. As clearly stated in the law, a professor and retired vice chancellor of any Nigerian university is to be appointed as the chairman of the board of the new bank. For the bank’s MD, it is expected that an experienced banker, economist, or finance expert shall be ideal for the role. In the case of the secretary to the board, certainly, a lawyer is usually considered for such position.

    Therefore, in order to ensure prompt take-off of the new bank, meant to pursue immediate implementation of the new students’ loan law, necessary steps should be taken towards an unimpeded take-off of the new bank. To pave way for this, Mr. President should be beseeched to appoint the three named key officials or actors of the bank, saddled with the responsibility of strategically piloting of affairs of the new development bank, and immediate implementation of the students’ interest-free loan scheme.

    We have had enough of the post-mortem reviews of the various sections and provisions of the new law. It is time to put necessary machineries in place for immediate implementation of the law. Definitely, there cannot be a better time for such if indeed the anticipated disbursement of the first tranche of the students’ loan under the new arrangement is to materialize by September this year as envisaged by Mr. President. Enough of the rhetoric, September is almost here!.

    •Adejumo, PhD, is Director-General, Osun State Debt Management Office.

  • How will Tinubu fight corruption?

    How will Tinubu fight corruption?

    It’s an inevitable question that urgently demands a reassuring answer: How will the Tinubu administration fight corruption? Last week, the question came up indirectly at two different events. It was indirect, but direct in its implication.

    At an event in Ado-Ekiti, Ekiti State, on July 10, to mark the 60th anniversary of the Call to Bar of Aare Afe Babalola (SAN), activist lawyer Femi Falana (SAN) observed that “The level of corruption in Nigeria has assumed a very dangerous dimension.”  He said: “We have a situation whereby highly placed public officers steal money meant for building hospitals, people are dying on our roads, money for ecology meant to fight erosion are also being stolen.”

    Falana added: “President Bola Tinubu must show leadership and lead an anti- corruption crusade.

    “Some of those who are going in and out of the villa are standing trial for looting the treasury of this country. So, wrong signals must not be sent to our people and the international community.”

    This event was followed by a two-day national anti-corruption conference in Abuja, July 11-12, organised by the Human and Environmental Development Agenda (HEDA) and the Centre for Fiscal Transparency and Integrity Watch (CEFTIW). The theme was “Nigeria and the Fight Against Corruption – Reviewing the Buhari Regime and Setting Agenda for the Tinubu Administration.”

    HEDA chairman, Olanrewaju Suraju, in his assessment of the Tinubu administration’s first steps towards fighting corruption, said: “If we want to go by what has been happening so far in terms of the fight against corruption, we can’t for now, say that we have any good reason to believe that there is going to be any serious fight against corruption.”

    President Bola Tinubu’s inauguration took place on May 29, less than two months ago. About two weeks after he came to power, he sent a strong anti-corruption signal by approving the “indefinite suspension” of the chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, “to allow for proper investigation into his conduct while in office.” The move, according to the federal government, was prompted by “weighty allegations of abuse of office levelled against him.” What are these allegations? Are they old accusations or fresh ones?

    Just before Tinubu’s inauguration, there had been corruption-related allegations against Bawa that dented the agency’s credibility. For instance, the then governor of Zamfara State, Bello Matawalle, had dropped a bombshell, alleging that Bawa “requested a bribe of $2 million from me and I have evidence of this.”

     Also, anti-corruption crusaders in the country, led by the chairman, Centre for Anti-Corruption and Open Leadership (CACOL), Debo Adeniran, had called for an in-depth investigation of the anti-graft agency under Bawa by “a technical Commission of Inquiry,” which would “dig into the modus operandi of EFCC investigations in the last three years by thoroughly analysing records of arrests, investigations, outcomes and final closure of each incident and individual suspects and how the matters were eventually dispensed with.”

    The anti-corruption activists alleged that “Some of the commission’s officials simply negotiate with suspects, get assets and cash retrieved and do plea bargains. This opens limitless opportunities for corrupt bargaining and self-enrichment by the operatives of EFCC.”

    On the performance of the EFCC under Bawa, they faulted his claims that the agency had secured 98.93 percent of convictions in 2022, losing only 1.07 percent, and noted that most of the convictions involved online fraudsters, and that high-profile political players were treated as sacred cows.

    Read Also: Adesina replies Kukah over corruption allegation against Buhari’s govt

    It’s been more than a month since Bawa’s suspension. He was later arrested. But there has been no further news about him. The authorities need to say and do more beyond his suspension and arrest.   

    The EFCC and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) are symbolic of the country’s fight against corruption. Fighting corruption is serious business, and these anti-corruption agencies must not give the impression that they are mere anti-corruption symbols.

    Nigeria’s immediate past president, Muhammadu Buhari, made a lot of noise about fighting corruption, but positive results were hardly visible.  “We must work tirelessly to get rid of corruption by fighting it 24/7,” he said enthusiastically at an anti-corruption event, in September 2022, in New York, USA. “This fight is a necessity and not a choice to give our citizens a better life through economic prosperity, social peace and security.”

    Contradictorily, five months earlier, in April 2022, the Buhari administration had made a move that was widely seen as a corruption-friendly action.

    The Buhari presidency had controversially listed a former governor of Taraba State, Rev. Jolly Nyame, and a former governor of Plateau State, Senator Joshua Dariye, among 159 people granted pardon and clemency based on the approval of the Council of State following recommendations of the Presidential Advisory Committee on Prerogative of Mercy (PACPM).

     They were two-term governors from 1999 to 2007.   Nyame was serving a 12-year jail term, and Dariye was serving a 10-year jail term. “Both men were jailed for criminal misappropriation, diversion of public funds, and criminal breach of public trust and misappropriation of public funds,” the EFCC had said in a statement. 

    They were not expected to be set loose without completing their prison terms. Their indefensible pardon was ultimately counter-productive. It sent the wrong message to those who occupy high office in the country that corruption-related imprisonment is not to be taken seriously, and can always be cancelled by the powers that be. 

    It is noteworthy that as EFCC boss Bawa had said that there were certain provisions in the EFCC establishment Act that gave the agency powers similar to those under the UK’s “Unexplained Wealth Order (UWO).”

    He explained: “Section 7, subsection 1b of the Act says the ‘commission has the power to cause investigation to be conducted into the properties of any person that appears to the commission that the person’s lifestyle and the extent of the properties are not justified by his source of income.’

    “This means without any complaint, if it comes to our knowledge that you have amassed so many properties that are not justified by your source of income, the EFCC can ask questions. That is the simple explanation regarding the Unexplained Wealth Order .”

     Unexplained wealth can be inexplicable. The EFCC should use its power to demand explanations concerning unexplained wealth.  It is useful to have such power. It should be used effectively.

    It remains to be seen how President Tinubu will tackle corruption. But there is no question that Nigeria needs to fight corruption, and win the anti-corruption war.  The people are tired of the monotonous song about fighting corruption.  They want to see anti-corruption results.

  • Growing the economy through agriculture

    Growing the economy through agriculture

    SIR: Massive corruption since the first military coup up till the end of the fourth republic in Nigeria has totally collapsed the economy of this giant of Africa. An economy that was once the pride of Africa as one of the great exporter of agricultural and agro allied products, would soon jettison the gains for the discovery of oil, which enabled humongous wealth creation and corruption within the country.

    The discovery of oil, rather than being a blessing, turned into a curse because of greed, avarice and the spirit of entitlement. Due to bad leadership, we abandoned or even killed the cash cow, agriculture, for uncertainty of that time.

    As a young child growing up in the North, I saw the groundnut pyramids ready for export in Kano; I knew of the palm oil plantations in the East; the Middle Belt had yam and other subsistence crops; the West had cocoa and kolanuts. 

    Food was not a problem at all. My family compound in Jos, straddled two streets with openings on both ends, surrounded by markets. Galadima Street was on the South, housing a market of varieties, including our crude abattoir, while Alhaji Fadi Street on the North housed the tomato and pepper market. All of these were in abundance, to the extent that you could go before a trader and be gifted these items. Tomatoes were left in the open and no one dared touch them. The Plateau boasted of potatoes, both Irish and sweet, in abundance and all manner of fruits. 

    Those were the days of plenty. We had little money then, but you didn’t need plenty money to feed and we were happy. As a matter of fact, those who had money did not eat anything extraordinary, except extra meat here and there. There were no eateries, few supermarkets etc. Otherwise, we all attended the same market and probably met at amala joint together at the main market area. 

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    In all of these, my thesis is that agriculture was the mainstay of the economy at that time. Even in primary schools then, we all had farms for corns, groundnuts, potatoes, both Irish and sweet, and bountiful harvests. I remember in my United Native Africa Primary School, where I started from, fetching of manure for the farms was a major pre-occupation, always welcomed by the students because, it afforded  us a time off school, away from the canes that were sure to fall on some of us slow learners.

    The discovery of oil and the making of a different kind of wealthy class saw the gradual erosion of agriculture. Children who had made some money by their new status, withdrew their fathers from the farms to enjoy their new wealth. Then the new phase of rat race began.

    A decisive government, in the kind of battered economy that we have now, would think of diversifying the economy as quickly as it can. 

    In the era of technology, the government should take advantage of this to invest massively in mechanised farming and be decisive about it. The legislature should enact strong laws to guide against corruption and diversion of funds meant for agriculture. The teeming number of youths would provide ready human resources; there would be creation of employment and a subsequent reduction in crime. 

    I am particularly happy when I read of the government’s proposed acquisition of 500,000 acres or hectares of land for agricultural purposes. One just hopes that this is not in the books only.

    States could mandate their local governments to provide land for farming to be allocated to individuals with certain conditions that would eventually transfer the land or farm to the individuals. The federal and state governments can also set up agro processing companies on the farms to add value to the raw materials produced. Huge silos for preservation can be built and a farm cooperative system should also be put in place. All of these will greatly enhance the economy and be a basis for exports to neighbouring countries and beyond. It is never too late to start. 

    The government should get involved in agribusiness to give direction.

    •Prof Tunji Oyelade,

    OAU, Ile-Ife