Category: Saturday Magazine

  • Soludo vs Obi: A governor’s prickly polemic

    Soludo vs Obi: A governor’s prickly polemic

    Charles Chukwuma Soludo‘s letter to Peter Obi is the latest construction of awareness in Nigeria’s heated political space. The Anambra State governor spared no scruples in his 4,025-word missive to the Labour Party presidential candidate.

    Titled, History beckons and I will not be silent (1), the letter resonates as an expose and caution against the rage and aggression of Obi’s social media mob.

    The latter had characteristically attacked Soludo for his utterances concerning Obi while interviewing with Channels TV.  Soludo, a former governor of the Central Bank of Nigeria (CBN) and the incumbent governor of Anambra State, had barely finished his interview with Channels Television when Obi’s supporters and media apologists launched ugly attacks against him.

    With peculiar mob aggression, they flayed Soludo; they could not bear his indictment of their hero’s decision “to save” by investing state funds in beer producer, Intafact Beverages Limited,  while Anambra lacked critical infrastructure, and the citizenry grappled with starvation, insecurity and substandard healthcare.

    The controversial investment in Intafact Beverages Limited shares had seen Obi plow millions of dollars of Anambra’s funds into a business in which Obi is a part-owner. While Obi’s apologists insisted that he invested  20 million dollars, the Anambra State Commissioner of Finance, Ifeatu Onejeme, in a bid to set the records straight, issued a statement clarifying that the true equity investment was $12 million dollars.

    The shares were worth approximately $5.3 billion dollars, valued at CBN’s I&E exchange rate of N415.75/US$1.00 on June 20, 2022,  (and at N604/$1.00 parallel market rate, only US$3,709,051.24)” by the same date, according to Ifeatu Onejeme, Anambra’s commissioner of finance.

    But rather than mull over the manifest distortion, Obi’s supporters resorted to personal attacks, abusing and threatening Anambra’s finance commissioner as they have done to Governor Soludo for speaking up. Yet Onejeme had it easier; while the mob issued unprintable threats against Soludo, the Ohaeneze Ndigbo Worldwide, an Igbo sociocultural association, has “dragged Soludo to Igbo deities over his comment on Obi.”

    Reacting in a statement issued on Tuesday, Okechukwu Isiguzoro, secretary-general of the association, said the group has taken Soludo before “two famous divinities and deities” over his comment.

    “Governor Soludo transgressed in choosing to revolt against the Labour Party Presidential candidate, Mr. Peter Obi, who is his brother and predecessor.

    “Ndigbo has dragged Governor Chukwuma Soludo to the two famous divinities and deities (Chokoleze in Mbaise and ubiniukpabi in Arochuku) for his unreasonable public behavior,” he said.

    Under severe attack by Obi’s supporters, however, Soludo sought consolation in an acquaintance’s counsel to him. “Someone reminded me that a mob has no head and hence cannot reason,” he said.

    Thus he resorts to leading the mob on the path of reason by deploying history and unsparing critique of Obi. Referring to the latter’s controversial investments, Soludo said,  “Of course, there is room for legitimate debate about the logic or quality of the investments. For example, people might differ as to the propriety of using taxpayers’ money to promote a company in which one is a shareholder in the name of ‘investment,’ or even whether so-called ‘savings’ are warranted when there were dozens of schools without roofs or classrooms, or local governments without access roads or hospitals without doctors/nurses.

    “A Bishop recently publicly advised that I should please try to construct the “Ngige type of quality roads,” stating that the ones done by his successor (Peter Obi) had washed off, while Ngige’s remained. I promised and we are delivering quality roads that Anambra has not seen before.”

    Soludo probably understood that describing Obi in glowing terms in fulfillment of his presumed tribal obligation to a fellow Igbo, is akin to turning the foul mons of the proverbial whore of Babylon into a Holy Grail.

    Reacting to accusations that he is anti-Igbo, he said, “When Bola Ahmed Tinubu defied the political wind of the time and stood out as the ‘only man standing’ in AD and later AC (before ACN) against a sitting president of Yoruba descent, no one accused him of being ‘anti-Yoruba.’ Indeed, everyone recalls that both Tinubu and President Obasanjo disagreed politically, and probably still disagree—but none is being accused of being ‘anti-Yoruba.’ Under Tinubu, the South West strategically organised under a different political party, the ACN, and went into a formidable alliance that kicked out a sitting president (in Africa?), and that alliance is not broken yet. Igbos, in their frenzied Nzogbu nzogbu politics, have sadly found themselves in a political cul de sac. Tragic indeed! When will my people smell the morning coffee?”

    Read Also; Soludo v Obi: Truth is bitter

    Soludo’s missive resounds a prickly polemic, a candid stream of thought soothing one divide of the political class and riling up others. Among other things, it strips the LP candidate of his messianic cloak.

    Quoting the National Bureau of Statistics, he reiterated that “poverty in Anambra actually grew (from less than 25% in 2005) to about 53% under Peter Obi in 2010/2011 but fell under Willie Obiano to 14.78% in 2020. Yes, poverty more than doubled under Peter Obi and more than 50% of Ndi Anambra were in poverty under him. Go and verify!

    “I am Governor, and sitting on privileged information which I will not want to use against a political opponent. But on matters of facts, I will always state the same as is. As the saying goes, you can fool some people some of the time but never all the people all the time. Enough said for now!”

    In response, Obi claimed that, aside from his investment in the brewery, his administration saved $50 million each in Access, defunct Diamond and Fidelity banks with an interest rate of at least 6.5 percent.

    Speaking at the 2022 Lagos Business School Alumni Conference in Lagos on Tuesday, he said, “If you calculate (all of them) today, the money (invested) would have been about N60 billion.”

    Obi said he exited office as governor of Anambra leaving behind savings of about N75 billion in the state treasury and that he was not owing any contractor and supplier who had executed their jobs.

    The LP candidate also said that “For other things which I didn’t succeed, God has given him (Soludo) opportunity to do it and succeed…I have done my little own (sic) as a trader, now the professor is there. He will do his own as a professor. The schools I didn’t roof, he will roof them. That’s how government goes,” the LP candidate added.

    Yet Soludo worries that the “Ndigbo as Nigeria’s foremost itinerant tribe and with the greatest stake in the Nigerian project does not yet have a strategy to engage Nigeria—politically! Every four years, we resurface with emotive Nzogbu Nzogbu political dance (“it is our turn dance” but without organisation or strategy) and fizzle out afterward while others work 24/7 strategising and organising…When will Ndigbo understand and learn politics, especially of Nigeria?” he said.

    The Anambra governor, in his letter, further highlights the hollowness of the ‘Obidient’ political movement and the fragility of Obi’s dreams of victory at next year’s presidential election, stressing that, “Let’s be clear: Peter Obi knows that he can’t and won’t win. He knows the game he is playing, and we know too; he knows that we know.

    “The game he is playing is the main reason he didn’t return to APGA. The brutal truth (and some will say, God forbid) is that there are two persons/parties seriously contesting for president: the rest is exciting drama!”

    At the moment, Obi’s presidential dream looms as a great beached whale, marooned on the desert shores of ambition and the fringes of realisation. His fantasy of victory clearly conflicts with political reality but Obi is held hostage to the fiction by his own supporters – many of whom are nursing a thicket of unrealistic fantasies around him.

    The LP candidate’s supporters expect him to stage a remarkable upset, beating front-runners, All Progressives Congress (APC)’s Asiwaju Bola Ahmed Tinubu and People’s Democratic Party )PDP)’s Atiku Abubakar to the presidential seat.

    “Analysts tell him you don’t need ‘structure’ to win. Fantasy! Of course, LP won governorship elections in Ekiti and Osun on social media and via phantom polls, while getting barely 2,000 votes on ground,” said Soludo with wry sarcasm.

    Creating a credible third force for a presidential election in Nigeria requires a totally different strategy and extremely hard work, noted Soludo adding that “The current fleeting frenzy, if not checked, will cost Ndigbo dearly for years.”

    The Anambra governor based his summation on the South East’s unimpressive outing in previous elections stressing that, “the South East has the lowest number of votes of any region…During the 2019 presidential election, the five South East States were united for PDP but contributed merely 1.6 million votes to PDP which was about the votes that Kano state gave to Buhari. The emotions might run to the heavens but politics-power is about cold calculations, organisation, and building alliances for power. In a democracy, it is a game of numbers. So far, I don’t see any of these–and 2023 might again be a wasted opportunity for Ndigbo! What is our Plan B when Peter Obi loses in February 2023?”

    Perhaps Soludo’s epistle would do for the Igbo what painting and sculpture did for the Italian Renaissance. By his intuitive grasp and presentation of the hard, bitter truths, he puts the possibility of Igbo political rebirth in a better perspective.

    Yet hordes of Obi’s supporters, riding on spunk and acerbic posturing online, continually urge Obi towards illusive glory at the February 2023 polls. Their passion is woefully belaboured and contrived. And efforts, like Soludo’s, to nudge them towards a more realistic goal are fiercely resisted.

    Marching in virtual lockstep to innate rage and discontent with the political class, they embrace Obi as their placebo aspirant. Like the fictional child character of  James Barrie’s 2015 fantasy film, “Pan,” their passion is borne of illusion, cunning, pixie dust, and an unrealistic belief in mass culture.

    Mass culture, like Chris Hedges rightly notes, is a Peter Pan culture that posits that if a mob like the Obidients, for instance, visualise and have faith in what they want, if they believe in miracles, they would live to see Obi emerge victorious at the 2023 polls against all odds.

    Such mob retreat into illusion is a form of magical thinking. It presages the debauched revels of the South East’s troubled political culture. By sticking to an unrealistic theory of Obi’s victory at the 2023 polls, they are setting themselves up for disappointment.

    Ultimately, an ominous divide looms between those who chase after Obi’s manufactured illusions of victory, and realists like Soludo, who are able to puncture the illusion with the sharp lance of realism.

  • Muda Luxe unveils “AFRO QUEEN 2022” collection

    Muda Luxe unveils “AFRO QUEEN 2022” collection

    • By, Kehinde Oluleye 

    Muda Luxe, a leading Nigerian clothing brand and a trailblazer in the African fashion industry, has recently released its highly anticipated collection titled “AFRO QUEEN 2022.” This remarkable collection demonstrates the brand’s unwavering commitment to preserving African culture and promoting diversity in the realm of fashion. Under the visionary leadership of CEO and creative director Oluyemisi Omolayo, Muda Luxe has become synonymous with bridging the gap between traditional and contemporary African fashion.

    In an era where African culture faces the risk of fading due to the pervasive influence of Westernization, the importance of preserving and celebrating cultural heritage cannot be overstated. Muda Luxe recognizes this urgency and has taken on the noble responsibility of safeguarding African traditions. The brand understands that fashion plays a crucial role in cultural preservation, extending its efforts beyond clothing alone.

    In today’s increasingly globalized world, Westernization has left its mark on every facet of life, including fashion. Muda Luxe aims to address the issue of cultural exclusion by offering a broader range of clothing options to African individuals, both within their home countries and abroad. Challenging the norm of traditional styles, Muda Luxe seeks to empower Africans to embrace their heritage through African-inspired outfits that go beyond conventional fashion boundaries.

    The AFRO QUEEN collection represents a significant milestone for Muda Luxe, heralding a new era for the brand. Each piece in this collection has been meticulously crafted by local artisans who possess an innate understanding of African aesthetics and cultural significance. By skillfully blending traditional elements with contemporary designs, Muda Luxe celebrates the richness of African heritage while embracing the spirit of modernity.

    Read Also: Muda Luxe presents debut collection ‘Simbi’

    The AFRO QUEEN collection by Muda Luxe goes beyond being a mere fashion statement; it is a joyous celebration of African culture and a resolute step towards cultural preservation. By offering a diverse range of clothing options that showcase the beauty and uniqueness of African traditions, Muda Luxe encourages individuals to embrace their heritage with pride. This collection serves as a powerful reminder of the importance of cultural diversity and the transformative power of fashion in shaping and preserving our collective identity.

    In conclusion, Muda Luxe’s “AFRO QUEEN 2022” collection stands as a testament to the brand’s commitment to African culture and diversity in fashion. With each meticulously crafted piece, Muda Luxe showcases the vibrancy and richness of African heritage while pushing the boundaries of contemporary fashion. By empowering individuals to embrace their roots and express their identity through clothing, Muda Luxe reinforces the significance of cultural preservation and inspires a sense of pride among Africans around the world.. 

  • My regrets, frustrations as lawmaker — Ex-Ondo Majority Leader Araoyinbo

    My regrets, frustrations as lawmaker — Ex-Ondo Majority Leader Araoyinbo

    Otunba Gbenga Araoyinbo is the current president of the Ondo State Chambers of Commerce, Industry, Mines and Agriculture (ONDOCCIMA). He was also the Majority Leader of the Ondo State House of Assembly, representing Akoko North West Constituency II. In this interview with GBENGA ADERANTI, he talks about his business and political career, especially his trying times as the Majority Leader of the state assembly.

    IT will be interesting to know what a successful businessman like you is doing in politics.

    I found myself in politics because of the love I have for my people. Although as a businessman I was trying my best to impact the lives of my people  I realised that my personal best could not really impact them very well. I decided to get involved in politics so that I can use political power to impact on them better than I was doing when I was a private person.

    Some would argue that going into politics is not worth it because the electorate makes so many demands. What is your take on this?

    Yes, you are right. People make demands when they notice that you are representing them. Yes, you are their leader. Yes, they need to enjoy the dividends of democracy where you are representing them. Even if you are not representing them, they still make demands. Those demands are a result of the level of poverty in the country.

    The level of poverty in our society is really high and it has eaten deep into our system that people can hardly have three square meals in a day. So, whosoever God has given the opportunity to have one or two things should assist others, and that is what they have been doing. They make demands because of the level of poverty in our society.

    That brings us to the issue of corruption. The saying has been that politicians are corrupt because of the people they represent…

    It happens. But we can’t say that because our people are making demands from us, we will not contest or we will not give them quality representation if the opportunity comes. If somebody has decided not to contest and has been giving out to people before he found himself in politics, he wouldn’t say he will not contest again. If such a person stays off, the spirit of giving is not in that person.

    Our people can be so terrible, but what we need to do more is to tell them what democracy, representation means in the actual sense of it.

    We should tell them that it is not about you making such demands, because by the time you start making demands and you want somebody to go and represent you after he or she gets into that position, he might not even remember you again because you have collected those things he believes you ought to live on him to represent you well. So, we need to continue to educate our people. We need to continue to sensitise them. We need to continue to let them know that representation is not about immediate gain alone; there are lots of things that have to do with representation, which are greater than you demanding something from your representative.

    Right now we have three or four prominent political parties in Nigeria mostly tailored along ethnic lines. When we had two parties, Social Democratic Party (SDP) and National Republican Convention (NRC), things were a bit better. What do you think the current arrangement portends?

    You are very right. During that time we had a two-party system, NRC and SDP. It was not ethnicised as it is today. Then, the two parties were given to us by the military. In a popular democratic setting, we should allow political parties to spring up so that people can contest. Let there be a multi-party system because there are people who would want to contest from various localities for the fact that the existing popular political parties might scheme them out of things. In view of this, they may go to smaller parties and contest maybe as members of the House of Assembly, the Senate or just to represent their people. They might be the choice of the people but because of bureaucracy in the bigger political parties, they might be denied. But with the existence of another smaller party, he might decide to go to a smaller party where he can realise the objectives for representing his people. It is always like that.

    I have seen a lot of people out there who the bureaucracy in the bigger party would not allow to contest and they go to smaller parties to contest and win elections, even against the candidates of bigger parties. Multi-party system is cool because it gives everybody a sense of belonging. There is no need for anyone to say this is our party.

    I want you to assess the three political parties and considering the stiff opposition your party is facing, particularly from the Labour Party, do you think it will do better than it did in the last election?

    I don’t see the Labour Party as a strong political party. It is not about a party this time around; it is about an individual going everywhere. Maybe the youth believe that they want to support this person. When you look at the supporters of the Labour Party, they make it look as if it is an ethnic party which is not. But because of the person, the followers of that particular person, not the followers of the party, it is the followers of that individual we should be talking about, not the political party. Before the emergence of Obi as the candidate of that particular party, they did not have any representative in any state of assembly in the whole of the federation not to talk of the House of Representatives or the Senate. We cannot talk about governor or any other thing. So that party was no party before now. That is to tell you that it is not about the party, it is an individual that people are talking about.

    If you are looking at it from that perspective, the Accord Party was relatively unknown but it made an impact in Oyo State…

    That is what I was telling you. It was not about Accord as a party, it was about Ladoja as an individual, as a personality. We were in the state when Mimiko contested an election under the Labour Party in Ondo State. It was not about that party, it was about Mimiko, it was about his antecedents. When Mimiko left that party, what happened to that party?

    What happened? Why did your party lose the Osun election?

    You lose some, you win some. We won in Ekiti State, nobody is talking about it. That is what I’m saying. Our party lost in Osun not because people hate our party, it was because the people of Osun had one or two things against the governor himself. You can go and verify, you will understand exactly what I’m talking about. It was not about the party, maybe the people had grouses with him which is very glaring, and we understand that. Maybe he did some miscalculations, maybe that was what people did not like about him. They said ‘okay, we want to show you, we want to vote for the PDP, but when it comes to the presidential election, APC is our party.’

    Are you now admitting that your party lost the election in Osun?

    Well, the umpire, that is INEC, said we lost the election, who am I to say no? If experts want to go into technicalities of how we lost, how PDP won, and now believe we can still get something out of that election, so be it. But originally, the INEC has said look, they won. That is where I stand today. But if the court of law or tribunal says we won, based on whichever technicality, we will take it and be happy.

    You were a member of the legislature in Ondo State, precisely, Majority Leader of the House. Considering the security situation in the state, how much advice did you give to the governor as a security expert?

    I am a security expert. When I was in the House, I was once vice chairman of the House Committee on Security. I was also the chairman of the Local Government and Chieftaincy Affairs Committee. That means my committee covered every part of the state, especially the grassroots and local governments. Then we did advise the government.

    I must be sincere, the present governor is doing his best in terms of seeing to the security of our people. We all know what is happening in our state. Right now, when we talk about security, it is not that easy. We still need to be very careful when we discuss security issues. Security issue is an issue that concerns everybody. But in this part of the world, we always believe that our security is in the hands of the government. Operatives cannot do anything without intelligence, without information and they can’t gather the information without we the people.

    Security is mostly in the hands of the people. The people need to synergise with security operatives in order to be well secured. Security is not the business of the government alone; it is the business of everybody. The earlier we realise that it is the business of everybody, the better for us. We should not harbour criminals. All the criminals live within us. If we have the kind of society that is highly proactive about giving out information to security experts, I think this nation will be better for it.

    The Southwest governors created a security outfit, codenamed Amotekun, but what they can do is very limited…

    But that is not in Ondo State. You can go and verify. The outfit is really working. They are doing their best and the governor is really supporting them, I must confess to you. Let’s leave politics aside when it comes to Amotekun in Ondo State.

    But the kind of ammunition they have are inferior to what these criminals have

    Even our conventional security, police and others, do they have the kind of sophisticated weapons those bandits use? They don’t have it. So it is not peculiar to Amotekun. Amotekun is still trying, they don’t have it. We need to look into all those things, but Amotekun is still trying when it comes to crime fighting. Most of the kidnappers’ hideouts, it is the Amotekun that has been busting them and has been arresting them, smoking them out of their hideouts.

    Recently, the northern governors joined in the call for state police. What is your take on that?

    Sincerely, I agree with them 100 per cent. You know it was the Southern governors that have been agitating for this for a very long time. It is good that the northern governors now realise that. We need to have state police. When you have state police, let’s say somebody living in Niger to come and police part of Lagos, he can’t know this place more than those in Lagos.  He will just be going up and down getting information from people who live around. But if you have a Lagosian to police Lagos, he will do it far better than somebody coming from outside. I think that is why we need state police.

    But some would want to argue that the politicians will abuse this…

    That will depend on the law that will create such an outfit. When we talk about state police, it should not be something that someone will just stay somewhere and say we are creating state police. There should be enlightenment, serious advocacy and serious debate about it. We must discuss it very well. We have different states with different peculiarities, and the way we operate here is different from the way they operate in Kaduna State. If we want to police ourselves we should look at our peculiarities, what type of state police do we want? So, it depends on the law that creates the outfit. Nobody can turn it into his tool when the law is there. We should come together to discuss the type of state police that we want. We should not rush into it because if you rush into something, you won’t get the best out of it.

    Many Nigerians would think that with the acquisition of Tucano fighter jets, the issue of banditry ought to have ended. As a security expert, why is it that the war against banditry is dragging?

    Tucano is available now and we are not seeing the impact? Let me tell you one thing, when we are talking about war, we have conventional war and we have asymmetric war. The kind of war you fight and you know your enemy, you face your enemy directly, that is conventional war. The asymmetric war is the one you fight and you don’t even know your enemy. Boko Haram will be with the people they capture, you would not want to go there and bomb them and bomb the people they captured. They would be within a particular community, they have innocent citizens, and you cannot bomb them and bomb the innocent citizens. Tucano is not the kind of equipment that can do such a thing. We don’t have the kind of equipment that can do that kind of operation. We don’t have the wherewithal to acquire such.

    The equipment the American government used in taking out Osama bin Laden was very expensive. Go and find out. The war we are fighting against terrorists is not the conventional warfare; it is an asymmetric warfare. We have to be very careful.

    We need serious intelligence gathering. Tucano is normally used when there is conventional warfare. As it is, our security outfits are really trying. They are giving it back to the terrorists and bandits.

    Was there a time your life was threatened as a member of the state assembly?

    Not really like that in terms of the opposition. But there was a time we had an issue with the executive arm of government when we decided to impeach the speaker. I was the leader of the House and we decided to impeach the Speaker because we realised that the guy was not representing us well. Unfortunately, the executive arm of government rose in his defence. They denied that they ever did that, but we believe that they sent the National Union of Road Transport Workers (NURTW) to invade the House, beat legislators, drive them out of the complex. That was too bad. It wasn’t too good for our system. That was the only time I felt threatened.

    We wanted to exercise our rights as legislators in the state House of Assembly. Anybody can be the Speaker. We can decide that we want a change. It is our right. Maybe the governor saw something in him that we did not see. They said those people should go in there and destabilise the House, beat, machete, it was so serious.

    We thank God it wasn’t more than that anyway. And at the end of the day, we were unable to impeach him because of that, but some of our demands were then met by the governor.

    What are your regrets as a politician?

    As I said, the bad aspect of it as a legislator was just what I just narrated now. The executive arm of the state pocketed the legislative arm of government in the state, which was not good. It is like that because the legislative arm is not autonomous when it comes to funding and every other thing. You go to the executive arm of government to beg them for funds. If they (legislative arm) have their autonomy, I think things would not be like that. So those are the areas I don’t really like. There, most of them are rubber stamps.

    You were elected to speak for your people, but the executive arm chose to pollute the mind of your people. Your people would tell you that they didn’t send you there to fight the governor.

    I could remember telling the executive arm of government that what it was doing was not good. I could remember that they sponsored people from my locality to abuse me on the radio, telling me that they didn’t send me there to fight with the governor.

    Houses of Assembly need to be autonomous, that is when we can see proper governance in the states. Presently, governors are like kings; nobody is checkmating them. The state assemblies are meant to checkmate and balance the activities of governors. Even though it may interest you that the legislative arm of government is the mirror of every democracy because in every kind of government, there will definitely be an executive and there will be a judiciary, but when the legislature is absent, we should not call that democracy any longer.

    What makes a government a democracy is the legislative arm of government. Legislature is the mirror through which you see through democracy. Without it, there is nothing like democracy.

    With all the lapses you just reeled out, were you frustrated?

    Yes, I was. That was exactly what I was telling you. When I was unable to perform my duty when you say I’m representing my people and I tell you what my people want and you tell me I don’t have the rights.

    Things were not even provided for me to do that job. The executive arm of the government provided everything for themselves to do the job. You even need to go and prostrate for them to get things to even work with. It was as bad as that.

    I will still continue to advocate that the state house of assembly should be autonomous.

    Are you planning to seek higher positions?

    Yes, by the special grace of God. Everything is in the hands of God. When God says yes, nobody can say no.

    I know you have investments here and there. How would you describe the business climate in Nigeria?

    You can’t discuss business without adequate security. It is not too good presently. It is not peculiar to Nigeria alone. It is not too good for business people out there. But we are trying to be in business.

    You talked about insecurity. Do you think private security outfits have a role to play here?

    Very well. They have a lot of roles to play. I don’t know why they are not given any chance.

    Tell me about your early life

    It was rough, but I thank God with what He has done in my life.

  • Cultural splendour at Osun monarch’s coronation

    Cultural splendour at Osun monarch’s coronation

    The rich cultural heritage of the Modakeke community was on display on Thursday November 3, as the ancient town witnessed the coronation of Oba Olubiyi Joseph Toriola (Ajibise Ogo 1) and 20th Ogunsua of Modakeke. On that day, the kingdom stood still as Governor Adegboyega Oyetola presented the Staff of Office to the new monarch. TOBA ADEDEJI reports

    THE ancient town of Modakeke in Osun State, the community of warriors and generals, stood still on Thursday November 3, 2022. That day, those indigenous to the town were like hordes of soldiers waiting for the last command on the battlefield. It was the day the Staff of Office was presented to Oba Olubiyi Joseph Toriola (Ajibise Ogo 1), the 20th Ogunsua of Modakeke.

    The sons and daughters of the community were thrilled as they basked in the euphoria of a new dawn. Indeed, it was a day of prayers, laughter, reunion, and the offering of libation to the gods of the land. The coronation ceremony of Oba Toriola would remain evergreen in the history of the town, as dignitaries thronged into the town to participate in the exhilaration that is usually experienced once in a very long time; when another warrior is installed on the stool of his forebears.

    The coronation ceremony was held at Modakeke Civic Centre. The ceremony reached a climax when Oba Toriola was adorned with the symbolic Akoko Leaf in Modakeke in April 2022. He succeeds the late Oba Moses Oyediran III, who joined his ancestors in March at the age of 95.

    The Osun State Governor, Adegboyega Oyetola, who presented the Staff of Office, led his cabinet members to the ceremony. The 80-year-old Oba Toriola was born on April 3 1942 to the family of the late Chief and Mrs Samuel Bolarinwa Akano Toriola of lle-Ogo Compound, Modakeke.

    He attended St Stephen’s Primary School, Modakeke, and had his Secondary Education at Gbongan and later sat for the General Certificate of Education (GCE) O/Level and Advanced Level that qualified him for further studies. He won a United Nations Educational, Social and Cultural Organisation (UNESCO) scholarship to study at the Centre for Museum Studies, Jos. He holds a Higher Diploma in Taxidermy from North Western School of Taxidermy Omaha, United States. He later proceeded to Bern, Switzerland, to complete his studies in Science Museum Technology and then became the first Nigerian taxidermist in 1971.

    He started his museum career in the field of conservation and preservation of Nigeria’s natural and cultural heritage in 1962 under the Nigeria National Commission for Museum and Monuments, having worked at Lagos, Ife, Esie and Owo museums. In 1971, he joined the then University of Ife (now Obafemi Awolowo University, OAU) as one of the pioneer members of staff of the Natural History Museum, the University of Ife.

    Governor Adegboyega prayed for long life for the monarch as he wished him a successful tenure. The governor commended residents of the community for supporting his administration, even as he enjoined the people of the community to continue their support for Oba Toriola to ensure progress, unity, peace and the overall development of Modakeke.

    He vowed that his government will not relent in its effort to play its role in this regard. He said: “Today opens another chapter in the history of the great and ancient town of Modakeke. It is an occasion that His Royal Highness and the people of this community have been waiting for.

    “I am proud to be a part of the history and I congratulate the royal father on being considered worthy of ascending the throne of your forefathers. There is no gainsaying the fact that this presentation is made possible because of the cooperation and peaceful co-existence of the people of this community. I am, therefore, appealing to all the people of this community and beyond to continue to sustain the existing peace and shun all acts of violence.”

    He then presented the Staff of the Office to Oba Toriola and the community hailed the new monarch of Modakeke. The President of Modakeke Progressive International (MPI), Yemi Animasaun, reiterated their commitment to upholding the legacies of their forebears and a firm commitment to the preservation of the town’s heritage. He said the installation of Oba Joseph Olubiyi Toriola has presented all of the residents an opportunity to work in unison towards the development of Modakeke across all sectors of life.

    “Before his ascendance to this historical position,  Oba Olu Toriola has always demonstrated both in words and actions that he believes in the Modakeke project. This is evidenced by his huge investments, which have not only given our ancient town a facelift but also provided sources of livelihood to hundreds of our sons and daughters; even when he had the opportunity to divert these important interventions to major cities in the country for greater patronage and profits.

    “For us at Modakeke Progressive International in the United States of America, it is gladdening that our Kabiyesi’s ascendance to the throne of his forebears has presented him with greater opportunity to lead from the front, and also challenges him to do more than ever before. We hope that we are all prepared to do more for Modakeke. This is the only way that can guarantee sustainable development.

    “As members of Modakeke Progressive International USA, we reassure Kabiyiesi and all that is indigenous to Modakeke that we will not leave you alone in these herculean tasks. We promise to continue to collaborate and facilitate the needed development of our land through youth education; youth empowerment; infrastructure development; improvement of the local economy; and peace-building among others,” Animasaun.

    He pleaded with critical community stakeholders to jointly work together to take Modakeke to greatness. He noted that, for many decades, self-funding has always been the major tool for community development. He said: “It is possible to recommit and rededicate ourselves to this path of honour for the prosperity of all and the greater good of our community.”

    Animasaun appealed to the youth to shun violence and false lives, stressing that crimes and social vices are not the right way out. The MPI President intimated the community that several projects are ongoing such as the drilling of boreholes at strategic and remote areas of the community, annual scholarship awards for hundreds of senior secondary school students of Modakeke, ICT and skills acquisition training for students and provision of free health care access to those indigenous to Modakeke.

    Oba Toriola saluted Governor Oyetola and his deputy for their support. He also praised the Ooni of Ife, Oba Adeyeye Ogunwusi for championing global peace. He said: “I greet our father, His Imperial Majesty, Oba Enitan Adeyeye Ogunwusi Ojaja II (CFR), globally-acclaimed Champion for Peace, the Arole Oodua and Ooni of Ife, the authority without whose consent no Ogunsua can be appointed and crowned.

    “That we are here today is because there is peace in Ife land, which God made possible through the efforts and the attitude of good community leadership. Peace in Ife land is often predicated on the stance and attitude of community leadership. For the peace reining now, we thank God who gave us the present Ooni. Long may you reign, Kabiyesi.”

    He also commended the Oyo royal stool that was represented at the event by High Chief Yusuf Akinade Ayoola. Oba Toriola said: “Oyo is represented here today in a dual capacity. First, representing the Office of the Alaafin of Oyo and, in his personal capacity, as the head of Oyomesi, the kingmakers of Oyo.”

    He said his focus as the monarch of the ancient town will centre on working for peace, the safety of life and properties in our community, harnessing Modakeke resources and human potential (home and abroad) for the accelerated socio-economic development in the community and our villages; particularly with appropriate emphasis on small-scale industrialisation that will reduce the embarrassing level of unemployment, especially among our educated youths.

    Oba Toriola said: “I will focus on creating an environment conducive to raising the profile of Modakeke through socio-cultural rejuvenation that will attract our children back home along with investors and tourists.”

    Continuing, he said: “Realising these agendas will require all hands to be on deck. We will run an open administration. The task ahead is enormous and challenging. I crave your prayers for guidance and enablement by the Almighty God. We will do all it takes to encourage, welcome and support ideas, innovations and pursuits that can help in transforming our communities into the Modakeke of our dreams.

    “I call on all our Chiefs and residents to be ready for more interactive engagements on the way forward. We look forward to seeing more of you at home and we will be available to honour your invitations to events outside Modakeke; as long as we are assured that a better future for us all is being promoted.”

    He stressed that today would not have turned out as it did if the leadership of Ile-Ogo, his family compound, did not push him forward as their Arole. That was how this journey to the throne started when he installed the Arole Ile-Ogo on March 27 1979.

    “My journey from Arole to Ogunsua has taken some 43 years of rising through the ranks by promotion, as is our tradition in Modakeke. I hope that this serves as a metaphor for patience and that it ministers to our youths. In life, not everything will be available in short order. Enduring things require patience and the blessings of God. May our future be fulfilling and glorious.”

  • How collapsed building killed four traders, injured scores in Onitsha market

    How collapsed building killed four traders, injured scores in Onitsha market

    BARELY a week after a chemical explosion rocked the Science and Lab Line of Ogbo Ogwu, Bridgehead Market, Onitsha, Anambra State, shop owners in the market are still mourning and counting their loses from the mishap.

    About four persons were said to have lost their lives while scores sustained varying degrees of injury in the incident that occurred around 12.45 pm, which reportedly led to a stampede as traders scampered for safety. More than N850 million was said to have been destroyed alongside 80 shops in the disaster.

    One of the traders, Nweke Uchenna, said majority of them had opened their shops for their daily business activities when they heard a loud explosion like a bomb blast. He said thick smoke was coming from many shops and pandemonium ensued as the chemical products were highly inflammable.

    He said: “We were in our shops as usual when we heard a loud noise like a bomb blast and we saw thick smoke from some shops upstairs and everyone started running for safety. While some others shouted for help, we saw people carrying bodies from those shops on fire and some were badly burnt while some seemed to have suffocated from the smoke and the stampede.

    “We don’t know how much have been lost to the fire but it can be estimated to be between N850 million and N1billion because the goods are strong chemical products that are highly inflammable.”

    Reacting, the chairman of the market, Chinedu Ezekwike, told newsmen that the explosion emanated from one of the chemical shops along Progressive Science Union line.

    He said: “The chemical explosion that started from one of the shops even collapsed the building and in the process sent four into early graves. We still want the dust to settle so that we find out from the debris if there are more deaths. But scores were injured.

    “The explosion caused thick smoke and used iron and stones from the shop where it exploded from to hit some people also. We fear the casualty figure may increase. As you can see, we are putting up efforts to protect the market from the fire and two trucks of the fire service men are fighting and have succeeded in putting off the fire.”

    A member of the caretaker committee of the market, Comrade Peter Okala, while lamenting the deaths recorded in the incident, stressed the need for those who have knowledge of chemical substances to be dealers of such. He also accused the immediate past regime of the market led by Chief Sunday Obinze of not procuring fire fighting trucks for the market despite the huge amount generated.

    “Most traders who deal in chemical products in the market do not know how to handle them. Besides, if the former executive of the market had procured fire fighting trucks, it would have helped in a situation like this. Unfortunately, the huge sum they generated went into their private pockets,” he stated.

    On his part, the Chairman, Onitsha South Local Government Area, Mr Emeka Orji, who stormed the area with members of his staff on hearing the news, described the incident as unfortunate, regretting that the decongested market almost made it difficult for fire fighters to put out the fire.

    “We are happy that the Anambra State Fire Service came on time to prevent the inferno from spreading. Our proactive measures about fire outbreak also paid off because we had put in place fire fighting gadgets in some lines and that was what the traders and market task force team used to fight the fire before the arrival of the state fire service,” he said.

    Orji, who noted that the number of casualties could not be ascertained, expressed joy that the injured who were rushed to nearby medical facilities were responding to treatment.

    He said: “I contacted the state fire service chief, Martin Agbili, who deployed his men that battled the fire in collaboration with their counterparts from Asaba, Delta State.

    “I also contacted Divisional Police Officer, Fegge, Rabiu Garuba, who deployed officers and men to guarantee security of goods belonging to the traders.

    Director, Fire Service in the State, Engr. Martin Agbili, who confirmed the incident, said the fire outbreak was caused by a heavy chemical explosion at Ogbo Ogwu Market.

    “Immediately, we deployed our firefighters and fire fighting trucks to the scene of fire. During the fire fighting operation, firefighters from the Federal Fire Service attached to Anambra State were also there fighting the fire.

    “The explosion which led to the collapse of part of the market building and fire outbreak caused the loss of life of some people. The total number of casualties have not been ascertain as the time of this report.

    “The cause of fire was an explosion which emanated from a chemical stored in the market. You know there are inflammable materials you don’t just store anyhow. There are designated places they’re meant to be stored. Besides, there must be enough ventilation in the place. Otherwise, it will heat up to a point it will expand and lead to explosion. That was what happened.

    “But before fire started, there was a vibration that caused the collapse of the building. A lot of safety measures have been taken to protect the entire market. There are casualties but we can’t ascertain the actual number of death and the injured.

    “There were about 80shops affected in the incident. It was however a section of the market, where chemical equipment including acid are stored. Some of these materials don’t like water. But we were able to manage the situation with our chemical foam compound.

    “Some persons were trapped in the debris. It’s after excavation that we’ll know the actual number of casualties. They were complaining about a woman whose whereabouts were yet unknown.”

    On how to prevent a reoccurrence, Agbili said: “Such inflammable materials are not meant to be in such confined space where there is not much ventilation and air. Those items are supposed to be stored in warehouses where they can conveniently take their customers to. The traders can have their offices in the market.”

    Police spokesperson, Tochukwu Ikenga, while corroborating the Fire Chief, said the situation was handled following the arrival of the deputy commissioner in charge of operation and operatives of fire service.

    The Nation however gathered that barely 24 hours after the inferno was put out by the fire fighters, fresh fire broke out at the same market early Wednesday morning. But for the intervention of the fire service that remained at the market since the Tuesday incident, the inferno would have continued at the market.

    According to the Publicity Secretary of the Bridge Head Market Traders Association, Sir Peter Okala,”we came to the market this morning and discovered that the fire had started again, and because the fire service men were there since yesterday, the fire could not continue and the fire service had to fight it to the end.

    “The problem we have in the market is that past leadership of the market did nothing to protect the market despite the huge revenue that they were collecting.

    “Also, all the exit routes in the market have been blocked with the construction of illegal structures and shops. Hence when incidents like this happen, people are trapped. That explains the number of deaths and casualties during the fire incident”

    Okala urged Governor Charles Soludo to expedite action in improving fire facilities around the market and other markets in the state.

    Meanwhile, President Muhammadu Buhari has commiserated with families of those who died in the explosion. Buhari, in a condolence message by his spokesman, Garba Shehu, said he shared the pain of loss with those who had investments in the market. He also prayed that almighty God would grant the injured quick recovery, just as he urged all emergency, humanitarian and security agencies to provide all the necessary support for the victims. He also urged security agencies to ensure thorough investigation into the incident.

    Also, Governor Chukwuma Soludo sympathized with traders who lost their wares and families of those who lost their lives in the unfortunate incident. He commended the gallantry and quick response of the State Fire Service personnel who were on hand to extinguish the fire and prevented it from spreading further and causing more havoc.

    He called on the market leadership and traders to support the effort of the present administration to relocate the market from such an enclosed location to the ongoing ultra modern pharmaceutical hub in Oba.

    He assured of working round the clock to deliver on his mandate of achieving a livable and prosperous homeland where everyone will live, work and enjoy.

    Commissioner for Health, Dr Afam Obidike, during a visit to the victim in nearby Asaba, Delta State where they are being treated, pledged government’s continued assistance and visit to the victims with provision of medical services.

    Obidike said: “I was in Asaba with my medical personnel and the victims are responding to treatment. We shall continue to assist and visit those victims and provide medical services for them, because it is an unfortunate incident.

    “Preliminary findings revealed that some containers of chemicals exploded at the Government Line in the market and unfortunately, many people got injured while some lost their lives. Goods worth millions of naira were damaged in the inferno.

    “We are deeply saddened by the loss of lives, many injuries and material losses recorded as a result of this unfortunate incident.”

  • Anxiety in Cross River community over manhunt for killers of suspected witches

    Anxiety in Cross River community over manhunt for killers of suspected witches

    •Elders flay alleged invasion by security agents

    PENULTIMATE week, Ndon Owong, a community in Odukpani Local Government Area, Cross River State, consisting mainly farmers and fishermen, made the headlines as some youths allegedly marked 15 women accused of witchcraft for killing.

    It was gathered that five of the accused women were eventually killed and buried in a forest; a development that provoked outrage within and outside the community and caused the police to wade into the matter.

    The irate youths reportedly abducted three of the police officers whose intervention prevented the youths from killing all the 15 women marked as witchcraft suspects.

    The abducted police officers  including an Assistant Superintendent of Police (ASP) serving under the Odukpani Divisional Police Station, Cross River State Command, were eventually rescued from their abductors while some elders and chiefs in the community invited by the police were detained and set free after a few days.

    According to a source in the community, “on the same day the police freed the chiefs, six police vans loaded with officers entered the community and started destroying things.”

    Confronted with the fact that he was merely making an allegation, the source sent pictures of the alleged destructions.

    He also disclosed that the community was irked by the destruction and had chosen five chiefs to take up the matter and defend their interest.

    On the issue of witchcraft allegation and killing of five persons, another source from the community who identified himself simply as Paul, said that no one would say anything about that.

    “The only thing the chiefs can talk about is the destructions carried out by the police in the community,” he said.

    When contacted, the Police Public Relations Officer in the state, Irene Ugbo, a Superintendent of Police, confirmed the killings over allegations of witchcraft, adding that they had two suspects in their custody and are already making progress in apprehending others fleeing suspects.

    “Nobody can take the law into their hands. Our constitution does not recognise anything like witchcraft.

    “If they had a case, they should have taken the appropriate channel to address them; not taking innocent lives in cold blood.

    “Five person were gruesomely murdered in cold blood and buried in shallow grave inside the forest over what I described as unfounded allegations.

    “It is barbaric, it is unacceptable and we will leave no stone unturned in ensuring they face the full weight of the law,” SP Ugbo said.

    It was gathered that the alleged police attack on the community followed the incident where three police officers, including an Assistant Superintendent of Police (ASP) serving under Odukpani Divisional Police Station, Cross River State Command, were rescued from their abductors.

    The Operation to rescue the three law enforcement agents was carried out by SP Awodi Abdulhameed’s Anti-Cultism and Kidnapping Squad (ACKS), following directives from the Commissioner of Police. The squad recovered a service pistol during the rescue operation, it was gathered.

    The incident Which occured at Ndon Owong, Odukpani Local Government Area on October 13, 2022, followed the hacking to death of five women out of the 15 marked for killing by village youths over allegations that they were witches.

    A security source who pleaded anonymity, told The Nation that this was not the first time irate youths would hold policemen hostage in the same community.

    The source added that after the killing of the five women, 10 others were let off the hook while the five killed were buried in a shallow grave in the “evil forest.”

     “It was on the strength of this information that the police swung into action and invited the village head.

    “Our men from the division where the incident occured went to deliver an invitation letter that the youths of the community held the three officers hostage.

    “They formed a mob and disarmed an ASP with a service pistol. They started beating and cutting the trio with machetes, inflicting various degrees of injuries on them.

    “It took the intervention of the Anti-Cultism and Kidnapping Squad to rescue the officers and also recovered the service pistol and arrested two suspects.

    Amomg those arrested are Etim Effiong (34), and Micheal Etim Udoh (32)

    “They have made useful statements and we have already launched a manhunt for other fleeing suspects involved in the killing of the five women as well as those that held the three police officers hostage,” the source revealed.”

  • How floods destroyed our crops, turned us into beggars, Katsina, Kogi, Nasarawa  farmers  lament

    How floods destroyed our crops, turned us into beggars, Katsina, Kogi, Nasarawa farmers lament

    •Say climate change forced their migration from North to Southwest

    Taiwo Alimi captures the heart-rending tales of Nigerian farmers rendered homeless, farm-less, and now begging for a living.

    FASASI Awodiran (45) was born on the farm and he is still living there. He farms during the day and hunts animals at night in the bushes of Obafemi Owode LGA of Ogun State. He is knowledgeable about all kinds of weather conditions and how to grow all kinds of cash and food crops. Yet, the weather condition of 2020 left him reeling in confusion.

    “I’ve been in the business of farming since I was born. I worked on my father’s farms and began to cultivate my own farms as a teenager.

    “I can smell the coming rain, and can read the colours of the sky when drought is coming,” he said.

    For Awodiran, who looks older than his age and could pass for a 60-year-old with the way he carries himself, the climate disorder in 2020 left him puzzled and topsy-turvy at the same time.

    He recounted his experience: “By March, I smelled the rain would come on schedule or even early, and I started preparing my farms in earnest.

    “I have three farms for different crops, so I had to engage extra hands to get it ready.

    “I brought in Hausa farmhands to clear a fresh land for tomato and pepper, and waited for the first rain.”

    The first burst of rains came by early April as he had anticipated. By the time the second rain dropped, he gathered more hands to sow tomato, pepper, maize and cassava.

    Then, the unexpected happened. “The rains stopped, and for weeks I was left wondering what was happening.

    “I knew that whatever happened, it must rain heavily in May and June. It was not to be, and that was how I lost everything.”

    Awodiran had exhausted close to N150,000 in proceeds from the 2019 farming season on the farmlands.

    “It was after that I started hearing about climate change. I was told that rain can no longer be predicted. That it can delay, and elongate, and the pattern can change from year to year.

    “I was told that we no longer predict the longevity of the rainy and dry seasons.”

    Finding the new notion difficult to comprehend, the old-timer has not gone back to farming since then. Instead, he operates a commercial motorcycle, popularly called ‘okada’, to feed his young family. The hundreds of hectares of family farmlands lie unfarmed and wasted.

    “I’m looking for whoever will buy it. I will keep some till I’m ready to go back to the farm,” Awodiran concluded. 

    Facts about climate change

    The United Nations (UN) described climate change as “Long-term shifts in temperature and weather patterns. These shifts may be natural, such as through variations in the nullar cycle. But since the 1800s, human activities have been the main driver of climate change, primarily due to burning fossil fuels like coal, oil and gas.”

    For Awodiran, and large numbers of farmers in the rural areas of Nigeria, who eke out a living from the ground, climate change is still alien to them, though they have experienced its devastation, such as extreme heat, flooding, and drought, which has led to soil degradation, resulting in low crop yields.

    Mass Communication graduate turned farmer, Dele Awoleri, said, climate change has sent many farmers out of work. “Decline in agricultural productivity discourages farmers and may lead to change in livelihood, especially in the rural settings.”

    Another farmer from Awa Ijebu in Ogun State, Yemi Ogunyemi, narrated how climate change changed his life negatively.

    He said: “I am a leader in my community because of my experience in farming. Other farmers come to me for advice from time to time and I do my best to solve their problems based on my experience.

    “The weather condition of 2020 was beyond my mental image. I suffered heavy losses because of the rain pattern.

    “I borrowed money for expansion but ended up losing my capital and loan. I also lost my cassava crops to drought.

    “I have never seen anything like it in my years of the farming business.”

    Ogunyemi, who is a specialist in tomato and pepper cultivation, added: “I rely on tomato and pepper for the most income every year. In 2020, I did not get up to two baskets which, of course, we could not sell but consumed at home.”

    Due to the huge loss, the 69-year-old farmer lost his confidence and stayed away from his farm for one year.

    “I was in debt and angry. I only regained a little confidence to return to farm this year (2022).”

    Sadly, the climate change problem is not abating as 2021 and 2022 have proved to be even more disastrous for farmers in the country.

    Ogun State 

    Two hundred fish farmers in Ikangba/Agoro-Odogbolu LGA of Ogun State, are counting their losses after a deadly flood hit their clusters of fish ponds on July 8, 2022, washing away an investment they put at over N500 million.

    According to Lazarus Okole, who spoke on behalf of the affected farmers, said five fish farmers clusters of Ifeoluwa, Asejere, Progressive, Joye, and Kajola, had been experiencing mild flooding, but the magnitude and impact of the losses suffered could not be compared with that of the latest disaster.

    Kogi State 

    Toyin Ajisafe, a civil servant and farmer in Kogi State, had a personal experience with climate change last year (2021).

    “Though a lot of people were affected by the drought of 2020, I was not badly affected because I did dry-season maize and they came out well.”

    It was the following year that disaster struck like lightning. She was optimistic that she would have a better yield than in 2000 because the rains began on schedule  But then, the flood came.

    “I knew Nigerian Meteorological Agency (NiMet) predicted heavy rain that year, but I did not see it happening in my area. It came in July when my three hectares of maize and cassava were ready for harvesting.

    “All the corns were swept off. For a month I could not enter the farm, and by that time the cassava had rotten. I lost everything.”

    It is more story of woes from the northern parts of the country; from Nasarawa to Kebbi and Katsina states.  

    Nasarawa

    Olam Nigeria Limited, an agric business company, paid heavily after its multimillion-dollar rice farm in Rukubi Doma LGA was overrun in the latest of floods that ravaged the country this year.

    Ade Adefeko, the firm’s vice president, said the incident affected the company’s $20 million investment.

    Olam produces about 25 percent of Nigeria’s rice needs.

    Adefeko described the situation as “very terrible”, adding that climate change is real despite all efforts put in place to prevent the damage.

    “The entire team from the farm worked very hard to prevent the colossal damage that arose, but River Benue burst its banks,  broke the dyke of the farm and overran an investment of over $20 million.

    “Of course, we are insured, but you can insure crops, you cannot replace crops. So, you have to grow again. So, we are talking about 4400 hectares of farmland submerged due to climate change. So, it’s very serious.

    “When they say it rains, it’s not raining, it’s pouring. It’s terrible.

    “For example, we have been battling this water in the last two to three weeks. But finally, the water pressure from the dam took over and broke the dykes and multiple spots, which we couldn’t control. It was the burst from the seams of River Benue and River Niger.

    “Doma, where we are, is where we have the largest facility. We have the largest rice farm and mill on the continent. It is a $140 million investment, the national $20 million investment, which brought everything to $160 million.

    “On our journey to the communities where we operate, it is terrible. I mean, you need to come and see what is happening.

    “We have over 57 kilometres of dikes surrounding the farms. The farm was built 12 kilometres by 7 kilometres and 57 kilometres of dikes were meant to stop the flow from entering but this was made after the 2012 major crisis.

    “Based on that, we put a lot of things in place, but you know what? Climate change is real,” Adefeko said.

    Katsina State 

    Dr. Abba Abdullahi, Special Adviser on Agriculture to Katsina State Governor, Aminu Bello Masari, said no fewer than 60 per cent of farmers across the 34 local government areas of the state lost more than 1.7 million metric tonnes of grains as a result of drought orchestrated by climate change in 2021.

    Abdullahi said that 500,000 hectares of farmlands were also affected by the drought within the period under review.

    He explained that sorghum, millet, cow beans, rice, soybean and maize were among the worst affected in the southern part of the state, while maize and rice were mostly among the crops that were affected in the central and northern zones.

    Abdullahi said that 20 per cent of the farmers in Daura, Kaita, Mashi and Dutsi local government areas lost 70 per cent of what they planted, mostly millet and sorghum, while others lost about 40 to 90 per cent of their crops due to shortage of rainfall.

    According to him, based on the data that was collated from the field by the Katsina State Ministry of Agriculture, 60 per cent of the farmers across the 34 local government areas experienced one crop loss or the other during last year’s farming season.

    He said: “Farmers lost 158,000 metric tonnes of sorghum; 761,000 metric tonnes of millet; cowpeas, 200,000 metric tonnes; rice 92,000 metric tonnes; soybean 105,000 metric tonnes; maize 137,000 metric tonnes, among others.

    “In all, there was a total loss of 1,754,000 metric tonnes of grains in the 2021 wet season cropping due to drought across the 34 local government areas of the state,” Abdullahi added.

    Reality bites

    The reality is that whatever economic policy and measure may have been put in place by the Nigeria Federal Government (FG) to alleviate the soaring food inflation and food insecurity, has been rubbished by the colossal loss to man-made disaster occasioned by climate change.

    As a result, economic experts have predicted that Nigeria’s poverty index will rise, unemployment and underemployment rates will soar, inflation will not abate, and the figure of out-of-school-children will jump up.       

    Influx to Southwest

    More worrisome is that many farmers have lost their main sources of livelihood and now have to beg to feed. Their children can no longer go to school but join them on the streets to beg. The spiral effect is that more adult and child beggars are springing up in the more stable Southwest Nigeria.

    Abdullahi Musa, a beggar, was sighted under Arepo Bridge in Obafemi Owode LGA of Ogun State.

    He sat astride a rough tent built out of old cellophane, nylon, clothes, and carbon papers. The tent is not for him, and other male beggars, as he later explained, but for their wives and children.

    “The male adults are responsible for the women and children. We sleep in the open under the bridge, but the shelter houses our women and children.”

    Musa hails from Katsina State where he grows grains (millet, maize, and soya beans) on a farm he inherited from his father.

    He said: “I’m from Kaita and I have a big farm which I’ve been cultivating from infant under the tutelage of my father.

    “It is a family land and my children also work with me on the farm. We had enough to eat and we sold the leftover in the market.”

    He said their problem began in 2020 when the drought began to bite hard. The following year, it was the turn of torrential rain to wreak havoc on their farm. 

    Musa said: “It was last year (2021) that flood sacked us from the farm and our home.

    “One of my children had come to Lagos in 2020 during the famine period. Sometimes, he would come back home with money to help us on the farm.

    “He advised we should all move here after the flood.”

    Musa and one of his wives and five children made the journey to the Southwest stopping at Arepo, with some of their friends. He said they have been living a beggarly life.

    He said: “My wife and I stay under the bridge, begging motorists and pedestrians for money and food.

    “My oldest son and his two brothers live in the nearby community. They ride okada (commercial motorcycle). Sometimes they bring food and money for us too.”

    As for their youngest daughters, he said they are mostly with them, helping them to beg.

    Communities along the Lagos-Ibadan Expressway are inundated with hundreds of teenagers whose daily occupation is the okada business. They collect the motorcycles from their owners and pay a fixed sum daily. The surplus is what they take home for the day.

    Badamosi is one such. The 17-year-old is among the growing number of okada operators plying the Lagos/Ibadan Expressway, due to the gridlock recently experienced by travellers and residents.

    He moved to the Expressway, despite the risks, to make more money on the job. Badamosi speaks passable English; a virtue that makes him very proud.

    He said: “I am from Nasarawa State. We have a big farm there where I work with my parents. I also have a smaller one for myself.

    “Drought made me to come here in 2020 and since then, I have been doing this work.

    “I used to ply the Magboro route, but since the gridlock on the expressway began, we have more customers ready to part with extra money on the Expressway.

    “I run the Arepo to Berger route.”

    He said he would leave his present position to return home when things return to normal. Normal, to him, means when their farmlands can yield good crops again.

    He added: “Life is difficult here. I don’t have a decent place to sleep at night.

    “My friends and I (mostly Northerners) sleep in an open space let out to us by a community leader in Magboro. We have to pay him an amount every day to sleep and use the convenience room.

    “Most of us sleep on our motorcycles because the space cannot accommodate us all. Once we get a space for our motorcycle, we sleep on it.”

    He said scores of boys from his area have joined the ‘army of fortune’ since he arrived two years ago. “Though some people have left, they are always coming back. Sometimes, they come back with two or more of their family members or friends.”

    Aminu, 20, who is from Katsina State and also a farmer, has found solace in tilling the ground as he moves from one farm to another as a farmhand or labourer.

    He also lives in a better environment than Badamosi.

    “I live in an incomplete building in Arepo. The property belongs to a man I work for.

    “I clear weeds on his compound and other landlords for money, and once in a while, I work in farms to make a living.”

    Aminu goes back home whenever he is needed at home or on the family farm.

    “My wife and child are in Katsina, so I go there to give them money and farm when I can.

    “Most of the farmlands have been eaten away by drought, so I spend most of my time in Arepo and its environs doing whatever I can to make money.”

    Badamosi and Aminu represent hundreds of young exuberant farmers displaced by climate change who eke out a living in their shadows surging into the already overpopulated cities to multiply poverty, crime, and dirt.

    It will interest you to know that Musa, Badamosi, and Aminu don’t have any idea about climate change, though they have been farming for many years.  

    Way out

    According to a 2022 report, ‘Assessing Climate Change, COP26 Commitments in Africa: Case Studies of Nigeria, South Africa, and Uganda,’ put together by The Corporate Accountability and Public Participation Africa (CAPPA), African Institute for Energy Governance (AFIEGO), and South African Climate Action Network (SACAN), the African governments need to stop further policy summersault on climate change issues and articulate the project properly with clarity, to attack the scourge that has come to their doorsteps squarely.

    The report’s release coincides with the COP 27 Climate Summit in Egypt, following a year of climate-related disasters and broken temperature records. 

    It appealed to African leaders to leverage Green Economic Opportunities including increased demands for electric vehicles, solar panels, batteries, and so on, which are produced with critical minerals, some of which are sourced from Africa.

    This, it argued, puts Africa at a vantage point to renegotiate its position on the global stage while stimulating inclusive economic growth.

    Other demands include: Removing barriers to renewable energy technologies in Africa; such as Import Tariffs to make renewable energy accessible and affordable to most of the energy-poor African population, while, withdrawing support for heavy-carbon projects. 

    The report further called on African govern ments to harness the capacity to secure funding support to finance Africa’s climate ambition: “The Africa Group of Negotiators has called for $1.3 trillion a year in climate finance to be made available from 2025.

    “There is a need to utilise the global stage afforded by COP 27 to campaign and secure commitment to this as well as a strategy to follow up and net in the commitments after the conference and increase climate change education and awareness.”

    Mayokun Iyaomolere, an environmentalist, believes the Nigerian government is not doing enough to tackle climate change.

    “We must begin to put preventive measures in place rather than corrective measures and reduce our national contribution to climate change or the effects we feel from contributions from other countries,” he said.

    Desmond Majekodunmi, Chairman, Lekki Urban Forest and Animal Initiative, said education and awareness are key to reversing the environmental degradation in the country. “Nigeria must create more education and awareness among Nigerians to the extent that ordinary people know what to do to mitigate the impact of climate change.

    “We can’t afford to do things the same way and expect different results,” he said.

  • Who wants Mele Kyari dead?

    Who wants Mele Kyari dead?

    And Mele Kyari cried. The Group Managing Director of the Nigerian National Petroleum Company Limited (NNPCL) recently sounded the alarm on his travails as a hunted man.

    “There is a threat to life, I can say this, I have several death threats but we are not bothered about this, we believe that no one dies unless it is his time.

    “But this is the cost of change. When people move away from what they are used to and are faced with something new that will take away value and benefit from them, they will react. That reaction is beneficial to all of us and we will work together to make sure it works out,“ he said.

    Kyari made this known on Wednesday in Abuja at the Legislative Transparency and Accountability summit organised by the House of Representatives Committee on Anti-Corruption.

    The summit was titled, ‘Enhancing Transparency and Accountability in the Oil and Gas Sector: Challenges and Prospects.’ The NNPC boss said that as a result of the implementation of the Petroleum Industry Act (PIA), a lot of changes are ongoing that affect the old order.

    He said the company had taken down several illegal oil refineries affecting the volume of oil production in the country. As a result of the activities and effects of the illegal refineries, daily crude oil production had been reduced by 700,000 barrels, he said.

    Kyari had blamed various sections of the society for being complicit in the theft of millions of barrels of crude oil, mentioning even that make-shift pipelines and stolen fuel have been found in churches and mosques.

    During the crackdown, illegal refineries, reservoirs, and metal tanks for storage purposes were destroyed, and seized trucks were burned. Also, vessels, speed boats, trucks and cars were impounded, while different suspects were arrested in connection with various cases of theft of petroleum products.

    It has been outlined that the bigger culprits are political and economic elites. Even the federal government had promised to expose the names of prominent figures responsible for crude oil theft in the nation.

    Indeed, the timeless saw which hol ds that there is no smoke without fire aptly captures Kyari’s recent outcry that there are threats to his life.

    While Kyari alleged a threat to his life, a circus of adversaries has reportedly been mobilised against him by certain powerful figures angered by his moves to curtail oil theft and save Nigeria revenue running into trillions of naira.

    The NNPCL chief who did not mention those behind the threat to his life justified the decision to engage the oil pipeline surveillance team, Tantita Security Services Nigeria Limited, led by Tompolo, arguing it was aimed at curtailing the massive theft of oil in the country.

    Kyari lamented that the scale of theft was enormous and that the NNPCL had taken down thousands of illegal refineries in the past 45 months. The magnitude of financial hurt has put Nigeria in dire straits. The cost to the economy is huge, he noted.

    Over the years, the quantum of financial losses Nigeria incurred as a result of crude oil theft necessitated some reforms and collaboration with security agencies to clamp down on oil thieves and saboteurs.

    Persistent oil theft and pipeline vandalism had foisted on the country a calamitous situation; the oil sector experienced low production as operating facilities were shut down.

    As part of measures aimed at boosting the level of security for the country’s oil assets, the Chief of Defence Staff, General Lucky Irabor, the Inspector-General of Police, Usman Alkali Baba, and the Commandant-General of the Nigeria Security and Civil Defence Corps, Ahmed Abubakar Audi, held series of meetings with the governors of the Niger Delta states, and several crackdown operations were conducted.

    The federal government also launched the ‘Crude Theft Monitoring Application,’ a platform created for members of host communities and other Nigerians to report incidents of oil theft.

    Similarly, the Kyari-led NNPCL awarded a multi-billion naira pipeline surveillance procurement to a former leader of the Movement for the Emancipation of Niger Delta, Tompolo.

    But how far can Kyari go? Tackling oil thieves requires political will and a massive cache of cojones, as past efforts to bring the preparators of the heinous economic crime to justice have proved ineffective.

    The fight against economic saboteurs and other criminal elements is too important to be left in the hands of selected stakeholders. It must be a collective responsibility of the government, civil society and the citizenry.

    Despite the blurring of the lines between hope and despair, Nigerians continually seek the elixir of hope and assurance that oil theft in the country will soon become a thing of the past.

  • Ararume wants his job back

    Ararume wants his job back

    The last may not have been heard of the legal action instituted by the former Senator representing Imo North, Ifeanyi Ararume, against President Muhammadu Buhari for allegedly removing him as Board Chairman of the Nigerian National Petroleum Company Limited (NNPCL).

    The scalding 75-paragraph affidavit in support of the suit by Ararume also cast a critical eye on the matter, thereby raising eyebrows and a medley of discordant tunes. 

    Predictably, Ararume’s supporters argued in his favour stressing that no reason was given for the unceremonious removal of Ararume as NNPCL board chairman.

    Some pundits argued that Ararume was edged out due to power play between him and the political caucus in his home state. He had allegedly been in a long-standing feud with the Imo State Governor, Hope Uzodinma.

    The genesis of the current feud dates back to Ararume’s appointment as board chairman of the corporation in September 2021 by Buhari; afterwards, he was tactically replaced with Margaret Chuba Okadigbo in January. Margaret is the widow of the late Chuba Okadigbo, a former president of the senate.

    Apparently irked by his humiliating removal, Ararume protested quietly at first, but when he couldn’t endure the humiliation any longer, he went all out for war.

    Ararume sought legal intervention on the matter, so he contracted his legal team to act on the situation.

    The former chairman of the Senate Committee on Local and Foreign Debts, in the suit, is also demanding a whopping sum of N100 billion compensation for damages suffered as a result of his unlawful removal.

    Among the issues Ararume raised for determination include: whether in view of the provisions of the Memorandum and Articles of Association of the NNPC, Companies and Allied Matters Act, 2010 and the Petroleum Industry Act, 2021 (PIA), the office of the non-executive Chairman was not governed and regulated by the stated provisions of the law.

    The suit marked FHC/ABJ/CS/691/2022 was instituted on his behalf by a group of Senior Advocates of Nigeria (SANs) comprising Chief Chris Uche, Ahmed Raji, Mahmud Magaji, Ogwu James Onoja, K.C Nwufor and Gordy Uche.

    Ararume also wants the court to determine whether by the interpretation of section 63 (3) of the Petroleum Industry Act 2021, the President can lawfully remove him as non-executive Chairman of the NNPC for any reason outside the provisions of the law.

    He had argued that upon the passage of the PIA 2021, the former Nigeria National Petroleum Corporation and its subsidiaries were unbundled to become Nigeria National Petroleum Company registered with the Corporate Affairs Commission with number 1843987.

    Ararume explained that on October 20, 2021, Buhari approved his appointment as a non-executive Chairman for a period of initial five years and subsequently, his name was registered in the Memorandum of Articles of the Company and the appointment was announced to the whole world.

    Based on the appointment, Ararume averred that he attended the 23rd World Petroleum Congress in the United States of America but surprisingly on January 7th, 2022, Buhari, inaugurated the NNPC Board without recourse to him while another person was named in his place.

    By a letter of January 17, 2022, he was informed of the withdrawal of his appointment but without any reason whatsoever to justify the purported removal.

    Consequently, Ararume asserted that he had suffered a loss of credibility and goodwill, untold emotional, mental and psychological trauma and public humiliation, degradation and embarrassment by his purported removal by President Buhari.

    He, therefore, prayed the court to award him N100 billion in compensation and to order his return to office in line with the letter and conditions of his appointment.

    A Federal High Court in Abuja has fixed the 15th of December for the hearing, all eyes are on the judiciary to see how it would adjudicate the matter.

  • How microfinance bank officials duped us of life savings, vanished  into thin air —Traders

    How microfinance bank officials duped us of life savings, vanished into thin air —Traders

    The bid by some traders in Lagos to make savings that they can fall back on when the need arises has ended up rending their hearts. The financial intuitions they saved their monies with have closed shops and bolted with their savings INNOCENT DURU reports that some of the victims have ended up in hospitals while some others have had to shut down their businesses. But in spite of the havoc they are wreaking, fraudulent financial institutions are spreading without any proactive steps by the regulatory bodies to tame them and save unsuspecting citizens.

    MUMMY Success, a frozen food seller in Igando area of Lagos State, was filled with fear when she was approached by officials of Wegrow, a financial organisation based at Hotel Bus Stop on LASU/Isheri Road, to start saving part of her income with them.

    After much persuasion and conviction about the need to save for the rainy day, the chubby looking woman agreed to do business with the organistion. For more than two years, she had a chummy relationship with the organisation and even went out of her way  to recommend them to friends and neghbours.

    After engaging in some serious expenditure that ate into her capital three months ago, she decided  to take part  of her savings to re-stock but got the shock of her life.

    The heartbroken trader said: “They have finished me. They have disappeared with the money I saved with them. I have cried and cried without any solution.

    “See, my shop has become empty because the money I had with them was what I planned to use to restock my shop. Where do I start from?”

    She said the ugly development had turned her into an object of scorn in her neighbourhood.

    “I have become the subject of mockery at the hands of people. My enemies are ridiculing me, saying that I went to take a big shop when I didn’t have money to stock it with goods.

    “See the shame that Wegrow has brought to my life. I have cried and cried without any solution to my problem.

    “What I have done is to put the card in which they marked my name each time I made payment in the Bible on the altar of my church. Let God handle the case for me because there is no other person I can run to.”

    Explaining how she became aware that the company had stopped operation, she said: “We got to know that they were no more in operation when the field officer was not seen for some days.

    “Her absence raised serious suspicion as everybody became agitated and moved to know what was wrong.

    “It was at that point that we knew the company had folded up.”

    Recalling how her relationship with the company started, the distraught woman said: “I started banking with Wegrow over two years ago. They proved very reliable and dependable all along.

    “Their field officers used to move around to collect our savings on a daily basis.

    “Many of us bought the idea because it saved us the time and stress of going to the bank to deposit money.

    “Besides, the sums we saved with them were not the kind for which one should go to the bank. It was meant to encourage petty traders like us to save money.

    “At times, I would call them on a weekend that I needed money and before you know it, they would send it into my account.

    “They were that reliable.”

    Although she is weighed down by her plight, Mummy Success says she sometimes takes solace in the fate that befell another customer of the defunct financial organisation who lost millions of naira in deposits.

    She said: “A woman who deposited a huge sum of money fainted when she heard that they had folded up.

    “I learnt that she deposited about N5 million with them.  She was rushed to a hospital and admitted before she later regained consciousness.

    “I learnt that she was promised N750 interest on a daily basis for keeping the money in their care.

    “After calculating what she would get over a period of time, she agreed to deposit the money with them for an agreed period.

    “The agreed period had not lapsed before they closed shop and disappeared with everybody’s money.”

    A fashion designer, who gave his name simply as Mayowa, also lost the money he was saving to pay his children’s school fees to the organisation. Mayowa said: “I decided to be saving money with them in order to have money to pay my children’s school fees at the beginning of every term.

    “I was convinced that they were genuine because they made us understand that they were an affiliate of a popular new generation bank in the country.

    “We were paying into their account domiciled in that new generation bank. With that in mind, I concluded that they were genuine and that I should not have anything to fear about.”

    Mayiwa said before the company went underground, “it was as if my wife had a foreboding that the company was up to something untoward.

    “At a point, she asked me to go and withdraw my savings but I told her that I would spend it if I did and would not be able to achieve the purpose for which I was keeping the money if I should withdraw it at that time.

    “Unfortunately for me, the company stopped operations shortly before the time I needed the money.

    “When I went to their office to ask for the money, I saw that they were no more in business.

    “Other depositors had gone there to vandalise the premises and made away with whatever they could lay their hands on.

    “That was how I lost my savings to them and couldn’t pay my children’s school fees as and when due.”

    A petty trader, Gladys, said: “I have lost all my savings to the company. It was the savings I was making to boost my business but it has all gone down the drain.

    “The promoters of the company came to us looking very real and innocent. They never gave any clue that they were fraudsters.

    “It was after they stopped operations that it dawned on me that criminals could court you for many years to make you feel at home before carrying out their evil plan.

    “Many people in this area were banking with them because they appeared reliable and dependable for years.”

    Gladys also told of a beer seller in her area who slumped and had to be admitted in a hospital.

    She said: “The woman had more than N200,000 with the company. Immediately she heard that the company had folded up, she slumped and had to be rushed to hospital. It took her days to regain consciousness.”

    A cooking gas dealer identified simply as Moses was unwilling to comment when our correspondent approached him, saying it was an unpleasant experience unworthy of remembering or talking about.

    “The company has caused untold setback, grief and heartache for many people in this area and beyond.

    Read Also: DSS arraigns impersonator who also duped Osogbo businesses

    “They gained the confidence and trust of hundreds of people over a long period of time but we never knew that they had a terrible plan,” he said.

    When our correspondent visited the defunct company’s area at Oko Oloyun area, Hotel Bus Stop, along LASU/Isheri Road, the residents decried the damage they did to the lives of their teeming customers.

    “Hope your money was not much?” one of the neigbours asked. “The company has liquidated. That is the simple way I can put it.

    “They stopped operation and fled this place more than two months ago. People have been coming from all nooks and crannies of Igando to look for them.

    “There was a time that this area could not contain the victims who came to see if the company still existed.”

    Before the Wegrow incident, some traders in Oke-Odo area of Abule-Egba, a Lagos suburb, had suffered a similar fate.

    One of the victims, Mrs. Alimi, said she was swindled by the operators of a microfinance bank in the neighbourhood known as Moneyplus.

    “My entire life has crashed! Where do I start from now? How do I pick up the pieces of my life?” she said.

    “I gave them N40,000 and they promised to give me five times my money but they have disappeared into the thin air.

    “I have been scammed of my hard-earned money. My life has finished,” she added.

    But she was not alone in her plight. Olajide Ojo, a welder, shares the same experience. Ojo said he deposited close to N50,000 with the microfinance outfit in the hope that he would be able to get a facility to purchase a welding machine that would cost about N300,000, but like other victims of the bank, his hope was dashed as the operators of the finance house bolted when it was time to reward their unsuspecting customers with sums that were twice their deposits as loans. Ojo said: “I’ve been duped. I’ve been duped. My N150,000 gone just like that. If I knew that they were fraudsters, I would not have patronised them at all.

    “The money I deposited with them was proceeds of some jobs I did for my customers in the last six months. I saved hard and denied myself and my family of luxuries just so I could save for the equipment I had been trying to acquire to boost my work, not knowing that I would live to regret it.

    “Actually, it was a friend that introduced the finance house to me. He had been depositing his money with the firm but he too was swindled.”

    A trader, Bisi Mohammed, said she lost more than N30,000 to the financial institution, saying: “I was hoping to get a bountiful loan as promised by the operators of the finance firm, not knowing that they were fraudsters.

    ”My N30,000 is gone and my hope of obtaining a loan 10 times the sum I deposited has hit the rock.”

    Incident damaging economy, killing savings culture, says expert

    An economic expert, Dr Austin Nweze, decried the ugly trend, saying it goes a long way in killing the savings culture and damaging the economy.

    His words: “The incident is damaging to the economy because they are killing the savings culture.

    “We don’t have a savings culture and then the small business who saves with them hoping to draw the money to do more business or  borrow more money is damaging.

    “It is not good for the economy. People are losing confidence and investments.

    Bawa and Nweze

    “When investors begin to lose confidence, they would not put their money in savings; they would rather keep it under their mattresses.

    “This reduces interaction between banks and potential customers they may not yet have a relationship with. It is bad for the economy.”

    Nweze said he was not sure if such savings and loans organisations are covered by the NDIC, but he said that “they should be able to make sure that no customer loses his money.

    “Mushroom financial organistions are under the microfinance system but supervision is the issue.

    “They are regulated but there is no proper supervision. They are focusing on the banks.

    “I think they should be insured by the NDIC so that nobody loses his money.

    “If they are not insured, they must be forced to be insured.”

    Explaining why some financial companies go under, he said: “It depends on the motive of setting up that business. The motive could be to defraud and another motive could really be to do business but the economic environment may have been too harsh for them to continue and they are not able to manage their costs.

    “For instance, there was a microfinance bank that was seemingly doing well but the MD felt he was a bank manager and should live like a conventional bank MD, forgetting that  he was running  a microfinance bank.

    “They ran diesel all day at home with the wife, watching Nollywood movies and  living a very high life.

    “Not quite long, the bank went under.

    “Some of the banks are well intentioned and others may not be well intentioned.

    “The thing is that anything you don’t manage well, you lose. Management is the issue.

    “In a business like a microfinance bank, they tend to forget what they are there for.

    “Once they start seeing people’s money, they can make some wrong investments.

    “They could invest short term funds in long term projects thinking that investors may not call for their savings as soon as possible.

    CBN keeps mum

    The Central Bank of Nigeria (CBN) was yet to react to our  inquiry on what it is doing to save innocent citizens from the menace of fraudulent financial institutions thriving across the country.   The Head of Corporate Communications at the Central Bank of Nigeria (CBN), Mr Osita Nwanisobi, was yet to react to a message sent to his mobile line.

    The Central Bank of Nigeria (CBN) on Wednesday announced plans to  redesign some denominations of the  naira notes.

    The CBN governor, Godwin  Emefiele, said one of the challenges for reaching the decision primarily is  significant hoarding of banknotes by members of the public, with statistics showing that over 80 percent of currency in circulation are outside the vaults of commercial banks.

    He said as at the end of September 2022, available data at the CBN indicate that N2.73 trillion out of the N3.23 trillion currency in circulation, was outside the vaults of commercial banks across the country; and supposedly held by the public.

    “Evidently, currency in circulation has more than doubled since 2015; rising from N1.46 trillion in December 2015 to N3.23 trillion in September 2022. This is a worrisome trend that cannot be allowed to continue.”

    Experts are of the view that unwholesome practices such as the ones above could be part of the reasons why there is more money in the public than in the banks.