Author: The Nation

  • CBN cancels 2,991 BDC licences

    CBN cancels 2,991 BDC licences

    The Central Bank of Nigeria (CBN) has reduced the number of Bureau de Change dealers to 2,991.

    The CBN yesterday published a list of approved in a document entitled: ‘Approved BDCs’. The document revealed that the licenses of 2,698 BDCs have been revoked.

    A similar list was published by the apex bank last year, which approved 5,689 black market dealers. BDCs play a significant role in determining the exchange rate in Nigeria.

    The number of operators has experienced substantial growth, increasing from 74 in 2005 to 5,689 in 2021.

    Read Also: PoS operators dare CBN on service charge hike

    Former CBN governor Godwin Emefiele, later prohibited the sale of foreign exchange to BDCs due to concerns of round tripping and involvement in illicit financial activities.

    Under Tinubu’s administration, recommendations were made to implement key reforms such as increasing the capitalisation requirements for BDC operators and allowing Nigerian banks to act as primary dealers in the forex market.

    Since the floating of the naira by the CBN in June, the currency has depreciated, with the exchange rate reaching N795.28 at the Investors’ and Exporters’ FX Window.

    At the parallel market, the naira closed at N820 per dollar, N1,095 per British pound, and N905 per Euro.

  • Shettima assures of policies to drive investment, create jobs

    Shettima assures of policies to drive investment, create jobs

    Vice President Kashim Shettima yesterday assured of the Tinubu administration’s resolve to continue to develop economic policies and programmes that will drive investments and create more jobs, especially in agriculture and the digital sectors.

    He gave the assurance when the Board and Management of the Nigerian Economic Summit Group (NESG), led by the Chairman, Mr Olaniyi Yusuf,  visited him at the Presidential Villa, Abuja.

    According to a statement endorsed by the Director of Information in his office, Mr Olusola Abiola, Shettima said the President is determined to redefine the meaning and concept of modern leadership,  assuring: “We will continue to develop policies that will drive investment.”

    The Vice President explained that the Federal Government will, among other measures, enhance engagements and partnerships with the private sector, including the NESG, to achieve its objectives.

    “I will suggest that we have a quarterly mini-summit (between the NESG and NEC) so that we can digest the previous three months, cross-pollinate ideas and come up with robust solutions to our nation’s challenges. It is absolutely essential because the world is knowledge driven. Nobody has the monopoly of ideas that is why we have to constantly engage with you,” he said.

    Speaking about harnessing Nigeria’s population for development, the Vice President noted that “the trajectory of global growth is facing Africa and Nigeria will make or mar that transition.

    The anticipated demographic bulge by 2050 where we are expected to be the third most populous nation on earth is a major factor.

    Read Also: VP Shettima assures FG’s determination to develop economic policies to drive investments

     “Nigeria is a unique nation; we have to make it work. Opportunities abound everywhere. By 2035, there will be over 65 million global talent deficits. U.S.A., Russia and China will have six million talent deficits. We are at a unique position to take advantage and create jobs in the digital world’’.

    “We have the capacity to turn the anticipated demographic bulge into demographic dividends or they will be the demographic disaster that will consume all of us.

    “So, it is absolutely in our self-enlightened interest to salvage our country. Agriculture, digital education and energy transition, in terms of infrastructure, are some of the key areas that we will focus attention on,” the Vice President added.

    Earlier in his remarks, Mr Yusuf said the visit was to congratulate the VP and offer the group’s support for the Tinubu administration especially in strategic areas of the economy.

    “The NESG offers its support and is always willing to assist the new government in its strategic priorities and initiatives aimed at actualizing the mandate of the President Bola Tinubu administration,” he said.

    He said different sector experts from the NESG will always be available to provide technical and associated support for the National Economic Council and other key interventions by the Federal Government.

    Also present at the meeting with the VP were the Chief Executive Officer of NESG, Mr Laoye Jaiyeola; former NESG Chairman, Mr Kyari Bukar; NESG Chief Operating Officer, Dr Tayo Aduloju, and Lumun Feese, among others.

  • Plateau’s killing field

    Plateau’s killing field

    • •204 people killed as unknown assassins lay siege to 8 LGAs

    Once regarded as the ‘home of peace and tourism,’ Plateau State in Nigeria’s Northcentral has degenerated into a killing field of sorts. Security of lives and property is no longer guaranteed, as blood-cuddling tales of killings of innocent and hapless residents by suspected bandits and ethnic militia abound. The situation has kept the state government and security agencies on their toes in a bid to fish out the perpetrators. KOLADE ADEYEMI reports

    The unscheduled visit of the Plateau State Governor, Barr Caleb Mutfwang, to the Chief of Defense Staff, Maj. Gen. Christopher Musa, and the Chief of Army Staff (COAS), Maj. Gen. Taoreed Lagbaja, this week, in Abuja, showed that all is not well in the state.

     The visit also confirmed fears that the state governor may be hamstrung in finding a solution to the wanton killings he inherited when he took over governance on May 29.

     Plateau State, once regarded as the ‘home of peace and tourism,’ in the North Central geopolitical zone of Nigeria, has been the theatre of wanton killings, presumably by bandits and ethnic militia. As of July 7, 2023, no fewer than 204 persons were said to have been killed by gunmen.

     Barely a week after that, the casualty figure rose to 346. And at the last count, over 20,000 survivors are said to have been displaced and taking refuge in camps across the state. The number of Internally Displaced Persons (IDPs) camps, too has grown to 14 at the time of compiling this report.

     A human rights organisation known as Gideon and Funmi Para-Mallam Peace Foundation, which dished out the figures, said they were recorded within the last three months of mayhem (April-July) across the eight Local Government Areas in Plateau  State.

    The Founder and Executive Director of the Foundation, Rev. Dr. Gideon  Para-Mallam, who gave the figures, said that in the killings which took place from April 17- July 10, 2023, there were about 18,751 IDPs in 14 camps in Plateau State.

    Giving a breakdown of the casualty figures, Para-Mallam, a peace advocate, said 17 people were killed in Bokkos; Mangu, 234; Barkin Ladi, 39; Riyom, 36; Jos North, 5; Jos North 9; Mikang, 5; and Bassa 1.

    He also said 14 IDP camps are hosted by the Church of Christ in the Nation’s Local Church Councils, adding that a breakdown of the IDPs shows 2,081 widows and 6,066 orphans between ages 0-5 years.

     The activist added that old people account for 1,057 people, while teenagers and adult orphans are 828. He said a total of 6,603 households are currently affected by these deadly attacks.

    This has been the scenario in Plateau State that compelled Governor Mutfwang to run for the Chief of Defense Staff and Chief of Army Staff in Abuja. The same humanitarian problem also took the governor to the

     Ministry of Humanitarian Affairs, as well as the Office of the National Emergency Management Agency (NEMA).

     Records available to The Nation show that the prevailing killings in

     Mangu local government, for instance, began in April 2023, shortly after the governorship election. The killings persisted up till May 29, 2023, when the Governor Mutfwang government was inaugurated. And the killings have continued unabated.

     There has been no official report on the remote causes of the bloodshed from any of the security agencies. Security agencies, however, claimed they are still investigating the remote causes of the killings. But the absence of intelligence information from security agencies has given room for speculations by residents on the remote or immediate causes of the killings.

     While some argued that the killings were politically motivated, others said they were religious; some also pointed to socio-economic factors.

      For instance, the State Chairman of Miyeti Allah Cattle Breeders.”  Association of Nigeria (MACBAN), Alhaji Nuru Abdullahi, told The Nation that “from my research, the whole problem started from a case of two fighting.”

    Read Also: How 2023 general election tore Plateau APC into shreds

     Narrating further, Abdullahi said: “A Fulani man and a Mwaghavul man fought themselves in a village called Maitumbi. The two men injured each other during the fight. After a few days, the two people resumed the fighting, this time around, there were interventions from other people, and the fighting escalated to ethnic rivalry because somebody died in the fracas.”

    However, the National President of the Mwaghavul Development Association (MDA), Joseph Gwankat alleged that the killings were traceable to Fulani expansionists’ agenda. “The Fulani has been hiring external forces to kill our people to terminate our people to turn our communities into their grazing field,” he said.

     While claims and counter-claims by these socio-cultural organisations continue, people are dying, properties are being destroyed and vulnerable children and women are suffering in IDP camps. The Director of Civil Liberties Organisation (CLO), Comrade Steve Aluko, said: “There is no civil liberty in Plateau State anymore due to the activities of gunmen across the local governments.”

     According to him, there are gun-wielding men in the bushes and forests, and the government appeared handicapped on how to rid the bushes and forest of these gunmen called bandits or whatever name they are called.

     “Secondly, ethnic militancy is growing in every community across the country. That also is because the government has failed in its primary responsibility to protect citizens, hence ethnic militia are building up everywhere to defend themselves. This is dangerous and we must end it now.

     “The Federal Government is the only one with the necessary equipment to end the activities of bandits in this country. It is only the Federal Government that has the instruments of justice to deal with criminals behind the killings across the country and enforce equity and fairness.

     “It is only the Federal Government that has the power and resources to return people to their ancestral lands after their displacement by the gunmen. Enough of government creating camps for displaced citizens everywhere.”

    Comrade Aluko said it was sad that since 2001, a lot of families have been displaced from their ancestral lands and the government has done nothing to return them, and one expects a peaceful society. “The same

     Federal Government has identified these killers as foreign aggressors or foreign mercenaries yet did not know how to deal with them,” he stated.

     The CLO Director said if the aggressors become the victims, these killings will stop automatically. “But it all appears that the Federal Government has been romancing the foreign aggressors,” he regretted.

     A scholar of peace and conflict, Dr Chris Kwaja, corroborated Aluko’s remarks. He told The Nation that “the killing persists in Plateau because of the ineffective justice system of the Nigerian society. In situations where criminals involved in killings are never arrested and are not punished, you are indirectly empowering them.

     “Victims of conflicts are never given justice, and this gives room for self-help in the form of retaliation. So, criminals are emboldened knowing that they can perpetrate crime and go scot-free.  In such a society like ours, criminality will continue unabated.

     “So, the killings in Plateau and anywhere in Nigeria are acts of criminality and the criminals already know our justice system is porous or too weak to scare them. So, they are emboldened to operate as they like.”

     Dr Kwaja, however, said the Plateau State Governors cannot be blamed for the continued killings because, under a federal system currently in operation, governors have no power over government security agencies like police and the military.

     “You must have heard that Governor Mutfwang of Plateau State and that of Zamfara State have to run to the defence headquarters in Abuja looking for help. If these governors had their police, they would not have to go cap-in-hand to seek help from Abuja,” Dr Kwaja said.

     For Para-mallam, the current harvest of deaths in the Mangu Local Government Area must be treated with the utmost urgency it deserves. He said the Federal Government’s inaction in taming the killings suggested looking the other way while the current inhumanity continued.

     “Take it or leave it, a foundation for full-blown nationwide terrorism is being laid,” he warned, noting that no country allows acts of terror on its citizens.

    “Whatever the motivation behind these attacks on the Plateau, the fact remains that people are being killed in their hundreds. The burden of these killings should not rest only on the shoulders of the new Governor of Plateau State, Muftwang.

     “It should not also rest only on the shoulders of President Bola Ahmed Tinubu. The burden should rest on the shoulders of all Nigerians,” Para-mallam said.

    According to him, stakeholders in Plateau State like Miyetti Allah,  Christian Association of Nigeria (CAN), JNI and traditional rulers should strive more in searching for peace and conflict resolution.

    “There is wisdom in collective action devoid of finger-pointing or political calculations. The lives of all the indigenes and residents of Mangu LGA matter,” he emphasised.

    For now, the only hope for an end to the killings was the assurance given to the people of the state from the defence headquarters in Abuja.

     The Army Chief, Maj Gen Lagbaja, in his remarks during the visit of the governor, assured that more attention would be given to Plateau to arrest the violent attacks in the troubled areas.

    Gen. Lagbaja reportedly said: “The conflict in Plateau had been reduced to Barkin-Ladi, Riyom and Bassa Local Governments, with Mangu on the spot at the moment. We shall deploy the non-kinetic approach by convening stakeholders meeting to address the deteriorating security situation in the state.”

    Already, a stakeholders’ conference is being planned by the state government, based on the instruction of the defence headquarters. And it is hoped that a peace agreement will be signed by MACBAN and MDA.

  • Tips on investment opportunities, by Afrinvest

    Tips on investment opportunities, by Afrinvest

    Afrinvest West Africa Limited has provided  guidance to domestic investors on opportunities during reforms across key sectors .

    At the company’s mid-year investment parley yesterday in Lagos, its Group Managing Director, Ike Chioke, spoke on the opportunities provided by the naira and energy reforms to investors and how they could be explored for optimum returns on investment.

    Speaking on the theme:  “The Turning Point: Positioning for Optimal Return”, he called on investors to position themselves for the opportunities in the economy, which have been magnified by ongoing reforms.

    Chioke said the factors seen in  the domestic and global economies showed that the economy is at turning point for greatness.

    “We’ve seen global inflation rates are dropping alarmingly over the last six, seven months. We’ve seen that the rate tightening by global central banks have kind of come to a point where they are pulling back. They have achieved the objective of reining in inflation. For Nigeria, the new government and ongoing forex reforms also have implications,” he said.

    He said removal of the petrol subsidy was expected to provide fiscal savings of N2 trillion in 2023. This, together with earnings from improved oil exports and non-oil sources would buoy revenue.

    According to him, although the naira has been devalued by significantly about 40 per cent, but it has great benefits including government making huge savings around N2 trillion, just from the subsidy removal.

    Chioke added that the forex reforms by the Central Bank of Nigeria has raised hope on sustainable economic development.

    He said the spike in forex rate at the parallel market will be short-lived as more foreign investors pump dollars to the economy.

    He said naira will face pressures at the parallel market but that will be for a short time. He said the bigger picture is that more foreign direct investments will find their way into the economy. “The forex reforms has rekindled hope of domestic and foreign investors in the economy, and we expect it to pay out positively on the naira and foreign reserves in the long run,” he said.

    On his part, Managing Director of Afrinvest Consulting, Abiodun Keripe, said the reforms were courageous, and were previously thought impossible. He said the reforms in the forex market have opened the possibility of Nigeria growing its foreign reserves to $60 billion by year end .

    He said achieving the target will require increased oil production, boost in diaspora remittances, sustenance of tax and oil subsidy reforms.

    Keripe said implementing these reforms will also strengthen the naira from current status to around N550/ N600/$ by year end.

    Keripe said that despite the improved export earnings, Nigeria’s heavy dependence on importation impedes the trade balance gains. 

    Read Also: Afrinvest targets offshore investors in new growth plan

    “No policy can artificially fix the rate at 600 without further worsening the delicate condition. In fact, the incentives to substantially push the exchange rate lower are quite minimal for revenue mobilisation,” he said.

    He explained that more interesting to investors is also the impact of forex unification on the reduction in government deficit by about N350 billion (greater gain from oil revenue vis-à-vis increase in external debt service).

    He said: “Inflation is likely to touch 24.0 per cent before decelerating in fourth quarter on the back of the base effect and weakened demand pressure. Hence, monetary policy would tread cautiously by maintaining the status quo. We expect a more market- responsive FX rate, which will boost investors’ confidence and enhance trade and capital flows. However, the path to FX stability would be somewhat rocky. The FX rate is expected to stay above N700 in the near to medium term,” he projected.

    “The removal of the petrol subsidy and the process to stop the electricity subsidy are expected to keep prices elevated for the rest of 2023. Although this would spur an improved and more efficient allocation of resources by the Federal Government. Investors interest in alternative investments has consistently improved in the last decade. Thanks to innovative financial products that have consistently addressed its drawbacks- illiquidity, prolonged gestation period, lumpiness, and relatively high expense ratio,” Keripe stated.

    He advised  investors to remain overweight in fixed-income investments, with a particular emphasis on yield play.

    “Sovereign with strong fundamentals should be the center of focus while corporates should also take a substantial part for stability. The juiciest yield are seated on the short and belly of the curve. A higher yield with a shorter maturity will deliver a better risk- adjusted return,” he said.

    “Given that we expect muted volatility toward the downside, activity should be moderate. The surest bet remains to long the market. However, investors can short when the opportunity arises,” he added.

    Also speaking, Managing Director/CBO, Optimus by Afrinvest, Mr Ayodeji Eboh said the reforms represents turning point because with Nigeria’s new government, there is going to be short term pains, which will ease as time progresses.

    He however, said savings from subsidy should be tied to specific projects, that add value to the people.

    He called for investment in infrastructure and boosting policies that promote ease of doing business.

  • ‘Food security to save N6.7tr’

    ‘Food security to save N6.7tr’

    The national emergency declared on food security by President Bola Tinubu, if well-executed, is capable of ending the humungous amount of money the country spends on food importation yearly. In six years (2017 to 2022), Nigeria is said to have expended N6.7 trillion on food importation.

    Lauding the President on the declaration, the Managing Director, Silicon Valley Nigeria Economic Developments (SVNED), Mrs. Aminat Ajayi, said it is important to tap into the great agricultural potential of Nigeria to address national food insecurity or hunger, unemployment, inflation, revenue generation for the government and the development of small and medium enterprises, as it would also curb the drift toward food inflation.

    Quoting the National Bureau of Statistics (NBS) figures, Mrs. Ajayi stated over N1.9 trillion worth of food imports transactions were conducted last year as against the N2 trillion expended on food importation in 2021.

    In 2020, Nigeria imported N1.2 trillion worth of agricultural products and imported over N959billion of food products in 2019. She added that Nigeria also imported N857.6billion and N886.8 billion worth of food products in 2018 and 2017.

    Mrs. Ajayi, who also doubles as the Founder/CEO of the Nigerian American Agricultural Empowerment Programme (NAAEP), said her organisation had already keyed into the food security programme of the government through her partnership with Arewa farms, NIRSAL Microfinance Bank, and other organisations. She stated that SVNED has trained farmers and entrepreneurs and appealed to the Federal Government to support them so as to bring their wealth of training to boost food production and entrepreneurship in the country.

    Read Also: 23.4m people face acute food insecurity in Horn of Africa

    “The solution to food subsidy is national food security subsidy. I thank God that SVNED has partnered with all the Arewa farmers in Nigeria to support food security and food subsidy. We have applied on their behalf for the intervention loan for agriculture and small cottage industries. The application has already been submitted waiting for approval. NIRSAL has already approved SVNED as a registered Entrepreneurship Development Institution (EDI) to facilitate the training and processing,” she said.

    “The mandate is from NISRAL MicrofFinace Bank appointing us as one of its Entrepreneurship Development Institutions in the Agri-Business / Small and Medium Enterprise Investment Scheme (AGSMEIS) Loan Programme for 2023. One of the mandates is to train entrepreneurs in business best business practices and how to run successful businesses. After that, we certify them and forward their list to NISRAL to be able to provide access to finance so that they will be able to start up and run successfully.

    “The aim of the training is to be sure that people become enterprising so that they do not just give people money and they do not even know how to use it. Or even those who know how to use it do not know how to manage their businesses and at the end of the day, they will not do successful businesses. So SVNED is there to bridge the gap and provide them with the necessary entrepreneurship skills and business acumen to be able to run small businesses effectively,” she explained.

    She added: “For the president to remove fuel subsidy, the only thing that can combat that is food subsidy and once there is food, everything is solved. We are getting the youths involved in the whole process. We thank Nigerian Incentive-Based Risk System for Agricultural Lending (NISRAL) Plc and NISRAL MicroFinance that has partnered with us. We are happy that the CBN is working with the present administration to really go to the grassroots and give this intervention fund to the right people that have been trained. It is a loan with a single-digit interest rate which will be paid in six years with a one-year moratorium.

    “We have started planting in Jos, Plateau. We have already existing 1,000 hectares of land already cleared and we have started planting it. We can be visited anytime. We have already started implementing the food security of Mr. President and thereby started making him proud. We believe so much in his government.

    “We have been involved in the intervention programme of the government even from the past administration. For the government to identify them as one of the implementers of the intervention means they are really doing well. They have done a lot of programmes that have impacted farmers and entrepreneurs,” she said.

  • Aluo pledges positive changes in NNL

    Aluo pledges positive changes in NNL

    Newly appointed Chairman of the Nigeria National League (NNL), Mr. George Aluo has thanked the President of the Nigeria Football Federation (NFF) Alhaji Ibrahim Gusau for finding him and other members worthy of steering the ship of the nation’s second tier football league to new heights.

    Aluo, a veteran sports journalist, spoke to NNL Media shortly after the new NNL Board was inaugurated in Abuja, on Monday inside the Conference Room of the Sunday Dankaro Football House, MKO Abiola, National Stadium, Abuja.
    “I must thank Mr. President, Ibrahim Gusau in a special way for finding us worthy and capable of being given the mandate to be co-drivers of his vision of taking football in Nigeria, to the next level,” he said

    “As a team, and individuals with integrity and uncommon passion for better and efficient management of our football, and by extension our leagues; we promise to work assiduously so as not to betray the trust you have invested in us, as a unit,” the NNL boss said.

    He added:”The mandate is for us to run the NNL professionally…make it business oriented and not business as usual. God being our helper, our guiding principle would be to insist on doing things right and differently, at all times.”
    He then pledged his loyalty and that of his board members to the NFF while promising to work very hard to realize the vision of its leadership, under Alhaji Gusau, in birthing a vastly improved and self-sustaining league.
    “It is the most important league, and we are willing to make that a practical reality.

    As a team, we are committed to making the NNL very attractive for the corporate world, would be partners, the fans and everyone out there. So, we appeal to the business community to buy-into our reinvigorated league, and partner with us in advancing the fortunes of the NNL.”

    On officiating of matches in the NNL, Aluo said the new board under his watch is ready to apply all the necessary measures, with the aim of stemming the era of bad and incompetent refereeing. But clubs must also shun the erroneous impression that they must win at home, at all cost, even when it is glaring that they lack quality.

    “We shall also be setting high standards with our match venues; as there shall be no more obscure venues. Teams in the NNL must accept hosting matches, in stadium that makes playing football attractive,” he posited.

    NIGERIA NATIONAL LEAGUE BOARD: Mr. George Aluo (Chairman); Hon. Khamisu Ahmed Mailantarki (Vice Chairman); Mr. Yakubu Sarma (Member); Mallam Sani Mohammed (Member); Dr. Donald Ikpe (Member); Chief Joseph Uzoma Ebowusim (Member); Chief Dotun Sanusi (Member); Mr. Emmanuel Attah (CEO).

  • School owners get three-day training

    School owners get three-day training

    Association for Formidable Educational Development (AFED), with Edify, hosted a three-day orientation for members at Digital Bridge Institute Oshodi, and L.A King Event Centre, Port Harcourt.

    Speaking on the theme, ‘Every child deserves to learn and flourish,’ AFED’s President, Mr. Emmanuel Orji, stressed importance of education as a basic need of man.

    He added AFED will ensure resources and opportunities open to school owners are accessed to enrich academic culture.

    “Every child should be given a space for qualitative, long-lasting education to enable the child contribute to society.

    Read Also: Old Boys vow to restore glory of unity schools

    “Edify is partnering us in technology, training and grant of loans. Edify will give $20,000, $40,000, $60,000 to school owners…

    Vice President of West Africa Programmes, Godwin Fiagbor, urged school owners to have vision in running their schools.

    AFED’s Lagos State Controller, James Lartey-Lartey said “AFED schools are schools that cater for the needy. Some of these schools charge very low.”

    He added “government  should help these schools catering for children who could have been in the streets.’’

  • Sacked officers in Kwara for prosecution

    Sacked officers in Kwara for prosecution

    Police Headquarters, Abuja, yesterday said the dismissed officers in Kwara State would be prosecuted for alleged conspiracy, theft, false and malicious publication.

    The police said this while reacting to a viral video of two dismissed police officers, Sergeant Shola Akano and Corporal Babatunde Glorious, from the Kwara State Command.

    The development, the police said, was in order to set the records straight and demystify the trending allegations.

    According to the Force Public Relations Officer, FPRO, CSP Olumuyiwa Adejobi, the erstwhile officers alleged in the said video and publication that their dismissal from the Police was wrong and as a result of their refusal to receive bribe to compromise a matter they were investigating.

    Adejobi said the NPF wanted to clarify the circumstances surrounding their dismissal and reaffirm the integrity of the disciplinary process after being subjected to re-assessment.

    He said according to findings by the Special Investigation Unit, Force Criminal Investigations Department, Abuja, which reviewed their case, they were attached to the Public Complaint Bureau, Office of the Public Relations Officer, Kwara State Police Command, where their primary duty was to handle complaints brought forward by members of the public bordering on police unprofessionalism and misconduct.

    He said: “Unfortunately, during the course of investigating a case of conspiracy and advance fee fraud in February 2020, they engaged in misconduct that warranted their dismissal from the Nigeria Police Force.

    “In the course of investigating the case, the duo arrested two suspects -one Fatai Ridwan Olarewaju and one Awogbemi Samuel Olayinka, a student of the Federal Polytechnic Offa, Kwara State.

    “On 7th February 2020, the officers booked and took one of the suspects, Fatai Ridwan Olarewaju, from the police cell where he was detained to a Zenith Bank branch at Unity Road, Ilorin where they coerced the suspect into withdrawing the sum of N1,190,000 from his account, which was collected by Corporal Glorious.”

    Adejobi said following this, the suspect was returned to the cell and later released on administrative bail on the same day while the withdrawn sum, two mobile phones, and other personal effects were not released to him.

    He said rather than following proper procedure, Sgt. Shola Akano and Corporal Babatunde Glorious continued to demand more money from the suspect to close the case, thus engaging in further acts of extortion.

    “These actions were in direct violation of their duties and code of conduct as police officers, and it prompted Mr. Fatai to report the matter to the Assistant Commissioner of Police in charge of the IGP X-Squad for investigation. Subsequently, verifiable evidence, including the conversion of one of the mobile phones, an iPhone 11 Pro, for personal use by Corporal Glorious, was presented during their trial.

    “Based on a thorough examination of the evidence and the testimonies of all parties involved, the duo were found guilty and dismissed from the Nigeria Police Force. It is essential to note that the same complaint of wrongful dismissal was made by the officers before the #EndSARS panel in Ilorin, and their dismissal was upheld after a careful review of the evidence and testimonies from all concerned parties.

    “The Nigeria Police Force remains committed to ensuring discipline, accountability, and professionalism within its ranks, and condemn any form of misconduct while assuring the public that necessary actions will always be taken to maintain the trust reposed in the police. The dismissal of Sgt. Shola Akano and Corporal Babatunde Glorious clearly underscore our commitment to weeding out bad elements from the Force and upholding the values of justice and fairness,” he stated.

  • Why coup should be seen as organised crime, by Buratai

    Why coup should be seen as organised crime, by Buratai

    • •’Porous borders encouraging insecurity’

    FORMER Chief of Army Staff, Lt.-Gen. Tukur Buratai, has said coup should be seen as organised crime and punished to allow democracy to survive in Africa.

     Buratai spoke at a conference on Organised Crimes put together by Tukur Buratai Centre for Contemporary Security Affairs, and Igbinedion University Okada, yesterday, in Abuja.

    He said the battle against organised crime require experts, policy makers, and stakeholders from diverse sectors.

    Buratai said the challenges had shown the military must play its role without getting involved in governance.

     The former army chief said the causes of organised crime in Sahel, particularly in Nigeria, were multifaceted, adding porous borders remained one of the contributing factors.

    He said easy movement of criminals and illegal goods across national boundaries as well as conflicts in  Somalia, DR Congo, Libya, Mali, Burkina Faso, and Sudan, had a direct impact.

    “In Nigeria, organised crime has taken various forms, reflecting the country’s socio-economic challenges and political landscape.

    Read Also: Buratai, tough officer who believed in teamwork – COAS

    “One notable episode was the Maitatsine insurgency in the 1980s, which saw a radical sect advocating a strict form of Islamic governance, resulting in violence and loss of lives.

     “Another infamous case was the Anini saga in the 1980s, where Lawrence Anini led a gang involved in high-profile robberies and assassinations.

    Buratai noted the reality of criminal activities, from illicit theft of 500 barrels of crude oil on a daily basis to displacement of communities for purpose of mining.

    These crimes, he said, not only undermine stability and well-being of affected regions but also perpetuate a cycle of violence and exploitation.

    Buratai recommended a comprehensive approach from law agencies, government, and the public to protect us.

    Vice Chancellor, Prof Lawrence Ezemonye, said insecurity is heightened by convergence and proliferation of banditry, terrorism, human and drug trafficking, kidnapping, among others.

    He said: “Our university under auspices of Buratai Centre for Contemporary Security Affairs is poised to respond to these challenges…’’

    Chief of Air Staff, Air Vice Marshall Hassan Abubakar, said the nature of insecurity  often engenders humanitarian crises with resultant internal displacements and refugees inimical to economic growth.

    “Nigerians suffer from multiple and complex security challenges peculiar to different geo-political zones.

    “The porous nature of border regions with contiguous neighbours encourages influx of weapons and illegal migrants into the country. Thus, proliferation of weapons and cross border banditry became commonplace “.

  • Character commission for probe

    Character commission for probe

    The House of Representatives yesterday resolved to probe the employments made by ministries, departments and agencies (MDAs) of government between 2015 and 2023 to ascertain whether the provisions of the Federal Character Commission Act were been complied with.

    The House also requested the Commission to forward the returns on appointments undertaken by MDAs under its jurisdiction between 2015–2023.

    This followed a motion moved by Paul Sunda Nnamchi on the need to compel the Federal Character Commission to diligently discharge its constitutional and statutory mandate and responsibility.

    Nnamchi said the Federal Character Commission Act was enacted in 1995 and enshrined in the 1999 Constitution (as amended) to promote, monitor and enforce compliance with the principles of the proportional sharing of all bureaucratic, economic, media and political posts at all levels of government.

    According to him, 28 years after this purposeful enactment was aimed at national cohesion and equal opportunities, and 24 years after its constitutional entrenchment, the perception is that there exists brazen domination of the bureaucratic, economic, media and political posts at all levels by a section of the country at the expense of the others.

    He said it was regrettable that the Commission has virtually abdicated its constitutional and statutory responsibilities and degenerated into a personality clash of interest amongst its commissioners as was the case about a year ago.

    He maintained that the constitutional injunction is that the Federal Republic of Nigeria shall be a state based on the principles of democracy and social justice, which also propagates national integration and abjure discrimination on the grounds of place of origin, sex, religion, status, ethnic or linguistic ties.

    He said the Constitution of the Federal Republic of Nigeria, 1999 (as amended) empowered the National Assembly with the categorical powers under section 88(2) (6) to expose corruption, inefficiency or waste in the execution or administration of laws within its legislative competence and in the disbursement or administration of funds appropriated by it as our core oversight and supervisory duty.

    He stressed that by Order 17, Rule 1 (a) – b) of the Standing Orders of the House, all ministries, statutory agencies, bodies or corporations shall forward to the speaker all reports required by statute within three months of the close of the reporting period, and any violation of the same attracts sanctions as provided in the legislative houses (Power and Privileges) Act, 2017.

    He emphasised that it is within the legislative competence of the National Assembly, especially its relevant committees when constituted, to compel the Federal Character Commission to discharge its constitutional and statutory responsibilities.