Tag: enforcement

  • Fed Govt intensifies efforts to end torture by law enforcement agents

    Fed Govt intensifies efforts to end torture by law enforcement agents

    …begins review of Anti Torture Act and Regulations

    The federal government has intensified efforts to eliminate the practice, among security agents, of deploying torture and related inhuman treatments as means of interrogation.

    To this end, the federal government has commenced reviewing the Anti-Torture Act and Regulations to expand the definition of torture and improve mechanisms to discourage and eradicate torture in places of detention.

    The Solicitor General of the Federation and Permanent Secretary, Federal Ministry of Justice, Mrs. Beatrice Jedy-Agba disclosed this while speaking in Abuja on Wednesday.

    Mrs. Jedy-Agba spoke at a sensitization/workshop designed to highlight the responsibilities conferred on the Federal Government, particularly its law enforcement agencies and other public officials to prevent torture in the country.

    She said: “We are currently reviewing the Anti-Torture Act and Regulations to expand the definition of torture and improve mechanisms to discourage and eradicate torture in places of detention such as deprivation of liberty in Nigeria, such as police stations, prisons and other detention facilities, psychiatric hospitals, and any other places where persons are not permitted to leave at their own will.

    “However, in our experience, it is not enough to punish perpetrators for committing acts of torture. The government also has the responsibility to ensure restitution and rehabilitation of victims of torture.”

    Mrs. Jedy-Agba said the workshop is in pursuit of the Fed Govt’s policy directive on the improvement of justice delivery in Nigeria.

    Read Also: Building collapse: Estate developers seek strict enforcement of National Building Code

    She added: “This sensitization event was initiated in fulfillment of the mandate of the Committee and the Federal Ministry of Justice, as part of measures to eradicate the use of torture by public officials, particularly Law Enforcement.

    “The session also focuses on strategic interaction between stakeholders to address concerns and challenges associated with implementing anti-torture measures in compliance with international obligations.

    “You may also wish to note that the prohibition of torture has since been elevated to the international law standard of jus cogens.

    “This means that the international community recognizes the prohibition of torture in all ramifications as so fundamental, that it supersedes all international treaties.

    “The federal government therefore prioritizes initiatives aimed at preventing torture and other forms of cruel, inhuman, and degrading treatment,” she said.

    The workshop drew participants from law enforcement agencies, ministries, extra-ministerial departments, and agencies (MDAs) among other relevant stakeholders.

  • ‘Enforcement key to achieving noiseless Lagos’

    The Lagos State government’s target of noiseless smart city through the reduction of noise pollution is achievable, the founder, Kemi Remi-Dairo Hearing Foundation, Kemi Remi-Dairo has said.

    She said although, a noiseless Lagos megacity of everybody’s dream is a gradual process, the decision of the state government, through its relevant law enforcement agencies, to manage and reduce noise pollution in the state means that the dream is achievable.

    She spoke with The Nation on the sideline of the “Fourth Annual Stakeholders’ Interactive Session on Noise Pollution Control in Lagos State” held in Alausa, Ikeja. It had: “Noise Mapping and New Urban Development Plan-The Lagos Experience” as its theme.

    According to the General Manager of Lagos State Environmental Protection Agency (LASEPA), Engr. Antonio Ayodele, the session, which is organised every year, was aimed at sensitising and creating awareness on emerging issues and impacts of noise pollution with a view to providing lasting solutions to the menace.

  • Tackling substandard products through effective law enforcement

    The Standards Organisation of Nigeria (SON) Act 2015, if well enforced, can help rid the country of substandard products. Legal experts examined the Act at a stakeholders’ forum in Lagos, reports JOSEPH JIBUEZE.

    Substandard products kill. From building collapses to knocked engines on lonely highways, using substandard products can have dire consequences.

    The Federal Government, through the Standards Organisation of Nigeria (SON), is battling the menace of substandard and fake products, but the problem persists.

    Legal experts Dr Paul Ananaba (SAN) and a leading federal prosecutor and law teacher at the University of Lagos (UNILAG) Mr Wahab Shittu believe that an effective implementation of SON’s enabling law can help.

    They were guest speakers at a stakeholders’ forum organised by SON in Lagos, with the theme: SON Act 2015: enhancing quality, harnessing opportunities.

    Ananaba said the SON Act has undergone several amendments since its enactment on January 1, 1970.

    According to him, the SON Act 2015 was in response to stakeholders’ clamour for a total overhaul of the 2004 amendment, which did not impose strict penalties for violations.

     

    SON Act 2015 provisions

     

    According to Ananaba, the SON Act 2015 expands the Organisation’s scope by vesting it with additional powers.

    The Act saddles SON with the responsibility of evaluating quality, and with powers to establish product surveillance, certification and conformity assessment scheme to ensure that products imported and exported are up to the expected standards.

    The Act empowers SON to establish a mandatory conformity assessment programme for locally manufactured products, and to impose fees, fines or penalties on persons who contravene the law.

    The Organisation is empowered to register all manufactured products consumed throughout Nigeria, train and accredit institutions, establish a register for national standards, investigate production premises and raw materials to ensure they meet standards, and establish relevant quality assurance systems, among others.

    “Quite a number of additional functions introduced by the Act are to assist the organisation in being more proactive in the prevention of substandard products in Nigeria.

    “If the structures are put in place to register, track, maintain surveillance and assess the quality of products produced or imported in Nigeria, there won’t be such influx of fake and substandard products in our markets,” Ananaba said.

     

    Penalties for non-compliance

     

    The penalties in the old Act, according to Ananaba, “were grossly incompetent in serving its deterrent purpose”.

    “They did not constitute enough punishment for the havoc being wrought by substandard goods,” he added.

    The SAN said the SON Act 2015 creates some other offences and imposes stringent penalties on defaulters.

    For instance, evasion of fees or levies payable under the Act is an offence which upon conviction attracts a prison sentence.

    There has also been an upward review of the penalties.

    According to Ananaba, financial liability for most of the offences has been reviewed to N1million, while imprisonment term has been increased.

    Ananaba noted that under the Act, the Minister of Industry is vested with power to direct a supplier to recall a defective commodity on SON’s recommendation.

    According to him, compulsory product recall was introduced to ensure that consumers are given maximum protection from defective products.

    The Act also gives authorised officers the power to stop and search any vehicle suspected to be conveying substandard products.

    Such officers can search premises reasonably suspected to be warehousing or storing fake or counterfeit products in contravention of the Act.

    SON has the power to designate ports for special entry of goods, in which certain products shall be imported only through a designated port, thus allowing SON to track goods and ensure they comply with minimum industrial standards.

    Among others, the Act also empowers SON to destroy substandard goods, impose the cost of destruction on the owner after due notice, and seal up the premises where a hazardous product is manufactured.

     

    ‘Strict enforcement needed’

     

    Ananaba believes that an effective implementation of the SON Act will check importers who flood the country with fake goods.

    “It was with impunity that people flouted the directives of the Organisation in time past, but that will no longer be tolerated under the new Act.

    “Now, where a person refuses, neglects or fails to comply with any directive lawfully given by the Organisation, he commits an offence under the Act.

    “In addition to the forfeiture of any article or product seized, he is liable on conviction to a fine of not less than N1million or to imprisonment and, in the case of a continuing offence, to a further fine not less than N250,000 for every day during which the offence continues,” Ananaba said.

    The SAN, represented by the Head of Chambers, Dr. Paul C. Ananaba (SAN) & Co, Mr Okey Barrah, said the issues of standard and quality are so fundamental that they affect everybody directly or indirectly.

    “It is good for products and services to meet required standards especially in these days of global competiveness, trade protection or technical barriers to trade,” he added.

     

    Shittu: SON’s huge obligations

     

    Shittu emphasised that SON’s functions cover a plethora of responsibilities.

    They include testing of products, investigation of quality, certification, verification, checking of weights and measures on international standard system, standardisation, among others.

    These functions, he said, place enormous responsibilities on SON to comprehensively manage product standards.

    “A good management, therefore, is needed to execute these functions. The people of Nigeria have been inundated with the fact that the sole problem of the nation is leadership.

    “This may be translated to managerial abilities of the functionaries of the Federal, state and local governments. The same goes for corporations established by statutes, such as SON.

    “To enhance the quality of products to be consumed by all, SON must live up to its creation.

    “In executing its mandate under the statute, it is necessary to deploy fit and proper persons into the organisation. The idea of political jobbers cannot work here.

    “Intellectuals with qualifications in the required fields are needed to execute the powers, duties and authorities imposed under the Act.

    “This is an intellectually managed organisation. It is not open to mediocre nor to political manipulations,” Shittu said.

    The law teacher was of the opinion that sections 8, 9, 10, 11, and 12 of SON Act 2015 must be strictly adhered to by the appointing authority.

    The minister, he advised, must not allow political exigencies to influence him in many key SON appointments.

    “Section 9 allows the D-G to ‘freely manage the organisation in accordance with the Act.’ This is a noble provision,” Shittu said.

     

    Other offences, powers

     

    According to Shittu, the SON Act 2015 provides for a criminal proceeding against any person who violates it by using a fake mark or not complying with the applicable industrial mark.

    “By section 28, Ports of special entry are to be designated for the purpose of standardisation.

    “Goods or products designated as such can only be imported through such a port. Contravention is criminal.

    “A person so convicted pays not less than N2million fine or jailed for five years or both.

    “The provision of Section 28 covers both corporate and individual breaches. See Section 28 generally.

    “Section 29 allows the Director-General to proceed against hazardous products.

    “It prohibits sale of such products, allows the Director-General to apply to court, seal up premises, direct the person to rectify the deficiency, etc.

    “The power given to the Director-General herein is novel. It prohibits the police from undertaking this duty, for which they are not familiar,” Shittu said.

    According to him, the provision has put paid to hawkers of poisons and their sponsors, who are faceless manufacturers inside and outside Nigeria.

    Shittu added: “Section 30 gives the Director-General and SON employees powers to enter upon suspected premises.

    “To allow effectiveness, the Director-General is mandated to delegate his powers in writing to his staff.

    “The requirement of furnishing returns to SON by manufacturers is novel and effective. This will engender the enhancement of quality for products manufactured by industries, etc.

    “Section 31 deals extensively with evasion of fees, levies, etc, and the liability for the offences, same with section 32 and 33.

    “Section 34 provides for legal proceedings. It allows SON, subject to the 1999 Constitution, to prosecute offenders as may be necessary.

    “Section 35 – 37 deal with jurisdiction, etc.  All offences under this Act are to be tried by the Federal High Court.”

    Shittu said to enhance service delivery, Section 39 limits lawsuits against the Organisation.

    The time to sue SON, he said, is within six months of the commission of damage or injury.

    Section 40, he noted, provides that services of processes shall be on the Director-General or by sending it to him at the head office by registered post.

    “I am not too happy with this. I believe that a service on any of its offices suffices. This section may not be accepted by our court,” Shittu said.

    The leading federal prosecutor commended the general nature of the Act, especially Section 44 that mandatorily provides for the SON Council to submit reports to the minister-in-charge.

    “A peculiar mess in corporate governance in Nigeria is impunity and corruption.

    “Most heads of federal agencies/organisations operate like emperors, without recourse to the enabling law. Some do not report to their board or council.

    “Here, SON reports so published must be distributed to the National Assembly, department of Federal Government or state, etc, and to the general public. This is a check on arbitrariness.”

    The respected law teacher believes that if the SON Act 2015 is well managed and enforced, Nigeria can be rid of defective, fake, hazardous and inhumane products.

     

    ‘N300b worth of goods seized’

     

    SON Director-General Osita Aboloma, a lawyer, said the event’s theme was in tune with Federal Government’s efforts to turn the economy around.

    He described the Son Act as a revolutionary legislation deployed to carry out the Organisation’s mandate.

    The Director-General said: “The big hauls of seizures which the agency made recently are testimonial that we mean business by harnessing to the fullest the enormous powers which the Act has accorded us.

    “Within the last few months, we have confiscated fake and sub-standard products worth over N300billion across the country.

    “We have since embarked on arraignment and trial at the various courts of some of the suspects linked with the impounded goods. We are not resting on our oars.

    “We, therefore, appeal to all to be aware of the Act and comply with its provisions, particularly areas dealing with how operators should do the right thing for their businesses to grow.”

    Aboloma, represented by SON’s Ports and Border Head, Yaya Burka, said the work of standardisation is aimed at ensuring industrial and economic development.

    “Operators are urged to always certify their products quality with SON in order to make made-in-Nigeria products and services good to go anywhere in the world,” he said.

    Aboloma reassured consumers of the quality and safety of locally-made and imported goods.

    “It, therefore, behooves on operators to deliver on consumers’ expectations.

    “All products manufactured in Nigeria must be certified to the Nigerian Industrial Standards (NIS) through the agency’s Mandatory Conformity Assessment Programme (MANCAP), which is subject to legal enforcement.

    “All imported products must be certified to the Nigerian Industrial Standard (NIS) or other approved standards through SON’s Offshore Conformity Assessment Programme (SONCAP).

    “Product registration and certification is a vital tool for product competitiveness.

    “SON has internationally accredited laboratories to support export promotion, particularly agricultural products.

    “Certified made-in-Nigeria products enjoy both local and global acceptance.

    “The SON Act is good for everyone. Please, ensure you do the right thing,” Aboloma urged stakeholders.

  • Lawyer seeks review, enforcement of tax laws

    The Managing Solicitor of TRIAX Solicitors, Moses Oruaze Dickson, has called for the review of the legislative framework for tax and taxation in the country.

    Dickson spoke at the annual 20th tax conference with the theme: Institutionalising a Tax-Paying Culture, at the Nigerian Air Force Conference Centre in Abuja, the nation’s capital.

    The lawyer recalled that the last time there was any legislative review of the nation’s tax laws was in 1976.

    He said this makes the tax laws to be obsolete for a progressive society like Nigeria.

    Dickson noted that even though Nigeria is not a tax haven, it is easy to do business in the country without paying tax, as required.

    The lawyer said while businesses operating in Nigeria are willing to pay taxes to protect their reputation, the loopholes in the tax laws create opportunities for such companies to evade taxes without being penalised.

    Oruaze also emphasised that if solid legislations are put in place and enforced, they will impact on the tax-paying culture of Nigerians and companies operating within its territory.

     

  • Falana seeks enforcement of Nigerians’ fundamental rights

    lagos lawyer and activist Femi Falana has urged President Muhammadu Buhari  to direct all security agencies in the country to respect the fundamental rights of every citizen.

    A statement by the lawyer in Lagos yesterday titled: “Emergence of incipient fascism in Nigeria” said since the federal government has undertaken to stop impunity and respect the human rights of every person living in Nigeria under the rule of law, “the human rights community should be prepared  to halt fascism which has continued to rear its ugly head in the land”.

    Falana lamented that the All Progressive Congress (APC)-led federal government has allowed the security agencies in the country to disperse peaceful rallies convened by aggrieved citizens.

    “Under the pretext of maintaining law and order scores of unarmed protesters have been brutally killed by the police and the army. The arrest and detention of criminal suspects and law abiding people without court orders has continued unabated.

    “To compound the brazen violations of the human right of Nigerians to personal liberty the orders for the release of certain persons made by competent courts have been treated with contempt in defiance of the Rule of Law. Curiously, officials of the federal government have continued to expose the country to unwarranted ridicule by defending the illegal detention of citizens without trial,” he said.

    Falana cited the case of Senator Enyinnaya Abaribe is being detained by the State Security Service (SSS)  on account of his links with the Indegenous People of Biafra (IPOB).

    He added that the Senator had stood surety for Mr. Nnamdi Kanu, the leader of IPOB and that since Kanu failed to show up in court, the Senator has been asked by the Federal High Court to produce the defendant in the treason charge against him.

    He contended that the Federal Government ought to have allowed the law to take its course.

    “However, if there is evidence that the Senator has committed any other criminal offence whatsoever he should be arranged in court without any further delay. And if the State Security Service has not concluded the investigation of the allegations against the Senator, he should be admitted to administrative bail pending his possible arraignment in court”.

    Falana also recalled that last week the Committee for the Protection of Journalists and 18 other international press organisations demanded for the release of a journalist,  Mr. Jones Abiri from illegal custody.

    In justifying the action of the detaining authority, he noted that a presidential spokesperson, Mr. Garba Shehu claimed that Abari is not a journalist because  he is not a member of any chapel of the Nigerian Union of Journalists but alleged that “Abiri’s stock-in-trade and notoriety in the liberalised media industry include fronting as a spokesperson for militants engaged in economic sabotage in the Niger Delta.

    ” Assuming without conceding that Mr. Abari is a not a journalist why should he be subjected to indefinite detention and not arraigned in a court of law for alleged economic sabotage? Mr. Shehu did not refer to any law that compels every journalist in Nigeria to be a member of the Nigerian Union of Journalists,” he stated.

    He added that under the defunct regime of the People Democratic Party (PDP),  the leaders of the All Progressive Congress (APC) cried out against the incessant infringements of the fundamental rights of their members and other innocent Nigerians and  that the human rights community did not hesitate to take up the complaints of the victims of such abuse of human rights.

    He said: “At the instance of the defunct All Nigerian People Party and other opposition political parties, our law firm challenged the constitutional validity of police permit when the Nigeria Police Force violently disrupted the rally held by the ANPP in Kano in May 2003 to protest against the rigging of the 2003 general election by the Olusegun Obasanjo regime. General Mohammadu Buhari and other ANPP chieftains were tear-gassed and dispersed on the grounds that they had assembled without obtaining police permit.

    “The Federal High Court granted the reliefs sought by the Plaintiffs. In upholding the fundamental rights of Nigerians to freedom of expression and assembly the Court declared that  police permit for rallies and public meetings was illegal and unconstitutional.

    “The appeal filed against the judgment by the Inspector-General of Police was dismissed by the Court of Appeal which held that police permit was a relic of colonialism which cannot be justified under a democratic dispensation. On the basis of the verdicts of both  the Federal High Court and the Court of Appeal the National Assembly amended the Electoral Act in 2015 to provide for police protection for Nigerians during demonstrations.

    “ Under the current human rights law regime, no citizen shall be detained in any custody beyond 48 hours without a remand order issued by a court of competent jurisdiction.”

  • Navy begins enforcement of ‘quit Lagos bridges order’

    The Navy has commenced the enforcement of a military/ state government order for truck to be removed from Lagos bridges.

    The truck drivers last Wednesday got a 48-hour deadline to relocate their vehicles.

    The ultimatum was issued during a stakeholders meeting at the Apapa Headquarters of the Western Naval Command (WNC).

    The stakeholders warned that the trucks’ presence on the bridges constituted a security and safety risk.

    Yesterday, Flag Officer Commanding, Western Naval Command, Rear Admiral Sylvanus Abbah told The Nation that his men would begin an operation to remove non-compliant vehicles.

    The Nation observed that some truck drivers are yet to comply.

    At 4:50pm yesterday, long queues of articulated vehicles were at a standstill on the Iganmu Bridge.

    A Lagos State Traffic Management Authority (LASTMA), official who spoke on condition of anonymity, said there were no signs of compliance.

    “As you can see, they are still here. This is their house. They don’t move. They sleep here, eat here; they do everything here,” he said.

    On the short bridge on Apapa-Oworonsoki Expressway near Mile Two, a few trucks were at a standstill. The situation was the same on Berger Car Depot Bridge a few metres away.

    But at Sunrise Bridge on the Apapa-Oworonsoki Expressway, some police officers told our reporter that the Nigerian National Petroleum Corporation (NNPC) tankers parked there were temporary.

    “They load their trucks and leave,” one of the officers said.

    On Eko Bridge, a long line of Dangote Group trucks stretched over 100 metres towards the Apapa Wharf.

    But one of the drivers, who identified himself as Isah, said the firm’s trucks were being moved twenty apiece into its premises at the wharf.

    “Manager dey move the trucks 20, 20,” Isah said in pidgin English.

    According to him, 60 trucks had already gone in.

    There was, however, full compliance on the Ojuelegba and National Stadium bridges. Not a single truck was found on the road yesterday afternoon.

    The situation was similar on the Ebute Ero Bridge area near Lagos Island. The Alaka Bridge was also clear of trucks.

    Apart from Rear Admiral Abbah, those who attended Wednesday’s meeting include: Permanent Secretary, Lagos State Ministry of Transport, Dr. Taiwo Salau; Commander, 9 Brigade, Nigerian Army (NA), Brig.-Gen. Adiku Attu; Base Commander, Nigerian Air Force  (NAF) Air Commodore Mike Olatunji.

    Also present were a Nigerian Ports Authority (NPA) manager, Aisha Ali-Ibrahim, representatives of Dangote Group, National Union of Petroleum and Natural Gas Workers (NUPENG), containerised truck drivers, Apapa Residents Association, the police and the Lagos State Traffic Management Authority (LASTMA).Abbah said the trucks’ presence on the bridges could be easy targets for terrorists.

    The FOC warned that the bridges could collapse because of the static weight they had been forced to carry for over a decade.

  • Groups seek immediate enforcement of tobacco control Act

    Civil society groups under the auspices of Environmental Rights Action/Friends of the Earth Nigeria (ERA/FoEN) and National Tobacco Control Alliance (NTCA) have urged the Federal Government to urgently enforce the National Tobacco Control (NTC) Act.

    Speaking in Lagos yesterday at a press conference tagged: Enforcing Tobacco Control Act is Everyone’s Duty, Deputy Executive Director of ERA/FoEN, AkinbodeOluwafemi, stressed the time to enforce the law was now.

    The groups expressed worries there were no concrete actions to show the Federal Ministry of Health was determined to implement the Act signed into law in 2015.

    Akinbode lamented the tobacco industry was having a field day addicting Nigerians kids into smoking three years after Minister of Health Professor Isaac Adewole announced commencement of the enforcement of nine key provisions of the Act.

    He cited some of the provisions to include: Prohibition of sale of tobacco products to and by anyone below 18; Ban of sale or offer for sale or distribution of tobacco or tobacco products through mail, internet or online devices; Prohibition of interference of tobacco industry in public health and related issues among others.

    Akinbode stated it was regrettable the federal government was yet to commence serious public education as well as clampdown on violations.

    NTCA Programmes Director, Oluseun Esan enjoined government to begin the enforcement of the nine key provisions of the NTC Act that do not require regulations such as smoke-free public places, restriction on underage access and ban of sale of single sticks, among others.

     

     

    “Relevant government agencies such as the Consumer Protection Council (CPC) and security agencies should begin clampdown on infractions.

    “There is need for the commencement of mass public education to be spearheaded by the Ministry of Health and the National Orientation Agency (NOA),” he said.

     

  • ‘No discrimination on noise pollution enforcement’

    Lagos State Environmental Protection Agency (LASEPA) will  not discriminate in the implemention of the  laws on noise eradication.

    Its General Manager, Adebola habi, made this known to reporters in his office.

    According to Shabi, the essence of government is to serve the people and the Governor Akinwunmi Ambode-led administration is determined to bequeathe a healthy environment to the people. He added that the government desired a clean sustainable environment for all.

    He said LASEPA was empowered to rid the state of any form of pollution, saying: “The agency as the environment regulator has been monitoring the state environment without fear or favour. The agency has been enforcing environmental regulation around the state based on petitions received from the public and there are procedures which the agency adopts in carrying out its operation”.

    He further said: “Upon receiving of any petition, the agency sends out its inspection team to ascertain the true state of things.”

    On identifying any environmental infraction, the agency summons the parties involved to a mediation meeting, where memoranda of understanding were usually written for abatement of the environmental nuisance by the concerned parties.

    ‘’It is after such agreements were seen to be violated by any party that the agency enforces compliance, by shutting down the defaulter,” he said.

    Shabi emphasised that the agency was not biased in its operations and that at no time had the administration  directed the agency to go after any particular religion or faith.

    ‘’As the governor is a governor for all Lagosians and this is evident in his developmental projects which are being spread across the state, for the benefit of people in all walks of life, irrespective of tribe, religion or class,’’ he added.

    He maintained that the number of churches, mosques, companies and organisations being shut by LASEPA for environmental offences were all based on petition received from the public regardless of the faith or belief such petition fall into.

    Shabi enjoined all Lagosians to co-operate with the agency and the government to ensure that they do not in any way contribute to this menace of noise and air pollution as the agency will not hesitate to go after offenders whenever petitions are raised by the public.

  • CBN begins enforcement of dollar sales to BDCs

    CBN begins enforcement of dollar sales to BDCs

    To increase the volume of dollar in the market and stabilise the naira, the Central Bank of Nigeria (CBN) may compel banks to sell foreign currency proceeds of international money transfers to Bureaux De Change (BDCs).

    The CBN is likely to begin the enforcement of its directive to that effect soon, it was learnt yesterday.

    In a July 22 circular to the banks, titled:  “Sales of foreign currency proceeds of international money transfers to BDCs”, signed by its Acting Director, Trade & Exchange, W.D Gotring, CBN said the policy shift was intended to ensure the stability of the exchange rate and boost participation of all critical stakeholders in the foreign exchange (forex) market.

    Banks are yet to comply with the directive nearly two weeks after the circular was issued.

    The naira closed on Friday at N375 to the dollar in the parallel market, and exchanged at N330 to dollar in the official market. The local currency has lost over 35 per cent of its value against the dollar since January.

    Last January, CBN stopped all forms of forex sales to BDCs, accusing them of round tripping and frustrating the policies meant to stabilise the naira. But despite the stoppage of dollar sales to BDCs, the naira has continued to depreciate.

    An industry source told The Nation that the CBN is already talking with the banks and international money transfer agents like Western Union and MoneyGram to see that at least 50 per cent of the $21 billion Diaspora remittances targeted in the policy is channelled through the BDCs.

    Although the banks and money transfer agents are averse to implementing the policy, the CBN is pushing to see that BDCs are integrated into the dollar flow mechanisms that would boost liquidity and expand the forex playing field.

    “Both the banks and money transfer companies are worried over the CBN moves because selling dollar to BDCs means that the volume of dollar they transact with will be drastically reduced,” the source said.

    The volume of funds coming from the Diaspora remittances is expected to hit $35 billion yearly, following the tactical devaluation of the naira, which remains an incentive for more dollar inflows to the economy.

    Gotring directed all authorised dealers, who are agents to approved International Money Transfer Operators to sell foreign currency accruing from inward money remittances to licensed BDCs  with immediate effect.

    He explained that all International Money Transfer Operations were required to remit foreign currency to the agent banks for disbursement in naira to the beneficiaries, while the foreign currency proceeds shall be sold to the BDCs.

    “The foreign currency proceeds of International Money Transfer sold to BDC operators shall be retailed to end-users in compliance with the provisions of the Anti-Money Laundering Laws and observe the appropriate Know Your Customer  principles, including use of Bank Verification Numbers (BVNs)”.

    Gotring urged authorised dealers and BDCs to render returns on their operations daily and monthly to the CBN through the Electronic Financial Audit Sub-System (e-FASS) application in accordance with extant regulation, failing which there would be sanctioned, including withdrawal of dealership licence.

    Association of Bureau De Change Operators of Nigeria (ABCON) President Aminu Gwadabe has said the international money transfer monopoly enjoyed by Western Union and MoneyGram would soon be broken.

    He said the CBN is processing new applications from prospective operators to widen the international money transfer space, adding that  accepting new entrants into the international money transfer market would strengthen the naira and get the country out of its currency crises.

  • IPMAN urges DSS to stop fuel price enforcement

    The Independent Petroleum Marketing Association of Nigeria (IPMAN) has appealed to  Director of State Security (DSS) operation to leave fuel price for its Task Force on Petroleum Monitoring in Kogi State.

    The Federal Government directed that the Premium Motor Spirit (PMS) be sold at N86.50 per litre.

    Leader of the IPMAN task force in the state, Mr. Nwozuzu Henscchenl, whose operatives with men from the Nigerian Security and Civil Defence Corps (NSCDC), moved  around fuel outlets across the state, said interference by some DSS officers hampered their work.

    The team sealed some petrol stations in Lokoja, the state capital, for selling fuel above the approved price.

    Other infractions by the filling stations, he said, include shortchanging of customers through adjustment of dispensing meters and selling at an average of N110 per litre.

    He said the taskforce’s operations, which lasted two days, led to the shutting of some petrol stations, including three in Lokoja. He alleged that he was inundated by calls from people claiming to be DSS operatives, requesting that they either release those arrested or reopen sealed outlets.

    Asked to identity those who called him, Henschenl said he did not know them. He however said when he called the DSS office in Lokoja, he was assured that none of their operatives would engage in any illegality.

    “The places we visited so far, what we saw on their meters is N86.50, but that is in disguise. Mostly, they use calculator and sell at N110; we have our exhibits. Not only that, most of them shortchange customers by dubiously adjusting their meters; when you buy say 10 litres, what you get could be nine litres.

    “We experienced a lot of interference. For example, when we embarked on night enforcement, a lot of the stations had closed, having gotten wind of our operations during the day. After a while, some came, saying they were officers from the DSS, and I had to soft-pedal to manage the situation,’’ Henschenl said.

    He said he had called the DSS headquarters in Abuja to ascertain their identity and complained about their nefarious activities in the state.