Tag: Nigerian news

  • Top five banks post N417b profit in six months

    Nigeria’s five topmost banks recorded a total profit of N416.55 billion in the first half of this year as a result of improved technology and an enhanced efficiency

    The average profitability of the top five banks rose by a marginal one per cent to 34.14 per cent from 33.35 per cent in the corresponding time last year.

    Shareholders of the top five banks, which traditionally pay cash dividends twice  yearly, will get N44.22 billion as interim cash dividend for the period under review. It will be based on the interim dividend per share ranging from 20 kobo to N1.

    The top five banks, by market capitalisation, otherwise known as Tier-1 banks, are Guaranty Trust Bank (GTB) Plc, Zenith Bank International Plc, Stanbic IBTC Holdings Plc, Access Bank Plc and United Bank for Africa (UBA) Plc.

    Banks use the January to December cycle by extant regulations, making June 30 the end of the first half of the year.

    A market intelligence report by The Nation at the weekend showed all top five banks witnessed steady growth across key performance indicators with the exception of Stanbic IBTC, which suffered decline in profitability.

    The top-five banks’ gross earnings rose by 9.79 per cent from N1.17 trillion in the first half of last year to N1.29 trillion in the first half of this year. Their total pre-tax profit grew by 12.08 per cent to N416.55 billion in first half 2019 compared with N371.66 billion in comparable period of 2018. Total net profit increased by 13.22 per cent from N303.8 billion to N343.96 billion.

    The average gross earnings within the top-five group increased from N234.79 billion in the first half 2018 to N257.77 billion this year. Average profit before tax also improved from N74.33 billion to N83.31 billion. After taxes, average net profit increased from N60.76 billion to N68.79 billion.

    Read Also: Banks seek more investments in FinTech, human capital

    GTB, Nigeria’s largest financial institution, remains the most profitable in terms of profit size and intrinsic profit-making capability. GTB’s pre-tax profit margin, which measures the underlying profitability of a company’s operations, increased by almost four peercentage points from 48.37 per cent to 52.19 per cent, more than 14 percentage points ahead of its closest rival on pre-tax profit margin. It led on profitability with pre-tax profit and net profit after tax of N115.8 billion and N99.13 billion respectively.

    Zenith Bank, Nigeria’s second most capitalised bank, maintains its lead as the bank with the highest gross earnings, raking N331.6 billion within the first six months of this year. Access Bank which consummated a landmark merger recently, took major leaps to become the second on the top-line ranking and third on profit-size chart.

    Stanbic IBTC’s pre-tax profit margin dropped from 44.42 per cent to 38.04 per cent, depressing the actual pre-tax profit from N50.73 billion to N44.65 per cent. After taxes, net profit declined from N50.73 billion to N43.08. However, Stanbic IBTC will be paying the highest interim dividend of N10.24 billion, representing interim dividend per share of N1. GTB and Zenith Bank will pay interim dividend per share of 30 kobo each, while Access Bank will pay 25 kobo and UBA paying 20 kobo.

    Key extracts of its audited report showed that GTB’s profit before tax rose by 5.6 per cent to N115.8 billion in the first half 2019 as against N109.6 billion recorded in the corresponding period of 2018. Profit after tax also improved from N95.58 billion to N99.13 billion. Gross earnings however declined from N226.63 billion to N221.87 billion. Earnings per share improved from N3.38 to N3.50.

    Zenith Bank grew gross earnings by 3.0 per cent from N322.2 billion in first half of 2018 to N331.6 billion in the corresponding period of 2019. Profit before tax rose by 4.0 per cent to N111.7 billion in first half 2019 compared with N107.4 billion in comparable period of 2018. Net profit rose from N81.74 billion in first half 2018 to N88.88 billion in first half 2019. With this, earnings per share improved by 9.0 per cent from N2.60 to N2.83.

    UBA’s profit before tax rose by 21 per cent, while profit after tax increased by 29.6 per cent. The gross earnings grew by 14 per cent and the profit before tax rose to N70.3 billion in first half of 2019 as against N58.1 billion in the corresponding period of 2018.

    After taxes, net profit increased from N43.8 billion in the first half of 2018 to N56.7 billion. Gross earnings rose from N257.9 billion in the first half 2018 to N293.7 billion in the first half of 2019.

    Stanbic IBTC Holdings increased gross earnings from N114.21 billion in first half of 2018 to N117.37 billion in first half of 2019. Profit before tax dropped from N50.73 billion to N44.65 billion. Profit after tax declined from N43.08 billion to N36.25 billion. With these, earnings per share dropped from N4.16 in first half 2018 to N3.42 in first half 2019.

    Access Bank, which released its half-year results at the weekend, grew top-line by 28.1 per cent from N253 billion in first half 2018 to N324.3 billion in first half 2019. Profit before tax jumped by 61.6 per cent from N45.8 billion to N74.1 billion while profit after tax leapt by 59 per cent from N39.6 billion to N63 billion. Earnings per share thus improved from N1.38 to N1.94.

    These results have clearly shown that notwithstanding the vagaries and undulating movement of stock prices in the equities market, considerable confidence of Return On Investment still exists thus giving shrewd investors the clout to continue to play on the floor of the Nigerian Stock Exchange (NSE).

  • Eating our own flesh

    While youths rage here and in South Africa, we should remember that our own juvenile boil has been targeted at fellow citizens. Their grouse is not because of so-called xenophobia but because they belong to the same country and community. Fellow Nigerians suffocate them. They hate them because they want them to be outcasts in their country. They also want to cast them out of the earth. So, no use for moral superiority here. We also did it against Ghana in the Shagari era.

    In the aftermath of the herders imbroglio that consumed citizens in rural areas, Governor Simon Lalong secured funds on the platform of AfriJapan as part of the drive to rebuild the broken lives like the citizens of Nghar village of the cleric who saved Christians in a mosque from the jaws of marauders. They made bonfires of their homes and properties and they became IDP habitués.

    Rather than focus on violence, we can look to more peaceful ways to engage countries and our young, and some of our leaders do that. One of them was the AfriJapan arrangement that Governor Lalong secured $300 million to improve livelihoods in rural areas

  • The Irish wizard

    So, we think that the problem was that South Africa’s loathes Nigerians. But it is. A failure of temperament and collapse of decorum. Yet it masks an angst lodged in both countries: Elite and government failure. The hatred launched itself with a subterfuge. It crept into our soul with a new word but “xenophobia” reflected how language can detract from the very malaise of the times.

    The states of both countries were trading diplomatic tackles while quietly congratulating themselves. The reason? The angry mobs were not a vote of no confidence on the state. It was a vote of no confidence of the poor in one country against the poor of another. In both countries, mass unemployment abound. One idle class the poor, and the other idle class the rich cherished a solidarity of indolence. They lashed out at the hardworking poor. For the elite though, diplomacy was a sport, a ceremony of violence minus the blood. The savage sport was down the ladder: blood, gore and eyesore belonged far away in the pit and squalor of hoi poloi.

    So this essay will peer, without reverence, at one episode that reflects why the state makes the poor impolite. It is the story of a company known as Process and Industrial Development (P&ID) that wants to milk Nigeria of $9.6 billion because of Nigeria’s tissue infection: corruption.

    That money was secured against the Nigerian state by a roadside mechanic who became a showbiz hustler. He knew everyone that was anybody in the Nigeria’s vortex of power. He knew Obasanjo, the late President Yar’Adua, the vocal, self-righteous Danjuma. Having failed to make it as a big name in showbiz in his native Ireland, he turned Nigeria into a showbiz for himself.

    His name was Michael Quinn. Though a big name among the Nigerian elite, he was of no value to the economy except to ruin it. A name without integrity, yet he was trusted by those who worked him and with him. He embodied the honour among thieves. He fit into how the Revelations described a false grandeur: “Thou hath a name that thou livest, but thou art dead.”

    He did not have a university education, set up companies that no one could trace their origins or staff, but he succeeded in turning this country into a cesspit and a laboratory of his experiments in lies, deception, and connivance. He was a laundromat of corrupt officials, a sick lever to review contracts over and over, a conman for decoys from the eyes of investigators. He was everything to everyone. He was a golfer to the athletic, an engineer to the scientist, a medical expert to the doctor, an oil baron to the oil industry, a gun runner to the miscreant, an accountant to the fiddler of figures, a spy to the diplomat, a fashionista, a military expert, a foodie who loved fish and chips, a socialite, a father and husband.

    He was a complete man in a wrong definition of manhood. He was the reverse of the universal man of the renaissance. My history professor Femi Omosini described Leonardo Dan Vinci as “a universal man of the Renaissance, a veritable jack of all trade and master of many.” Quinn was a master of the wrong trades and mastered them all. He was involved in oil bids, oil and gas deals, HIV projects. He had a prime finger in the construction era boom of the 1970’s. Remember  the Cement Armada, a scandal that ate up the career of Benjamin Adekunle, the “Black Scorpion? Quinn was an unseen spirit working the miracles.

    He was the chameleon who sparkled with the right colour for the environment. This mechanic was also a fop, dressed in his suits, a debonair look, moustachioed. So ruddy and smooth were his whiskers that he was compared to the goat species called mohair.  He was not good at businesses in Europe where things followed a civilised standard. He tried though with a fellow showbiz man, Albert Reynolds, when that fellow became prime minister of Ireland. Typical “men of grace” like him never get caught. The European Union flung its cobweb at him, but the roach crept out into the dark.

    He set up quite a few businesses, including one to make video cassettes, but they went belly up like a roach. In Nigeria, his businesses did not have to succeed. They only needed to be set up. In fact, his businesses were setups, entrapments for Nigeria in collaborations with Nigerians. Unlike in a scandal in Europe where his name and company were apparently traced including transactions, he was squeaky clean here. In the Mahon Tribunal scandal in Europe, they found his signature and company accounts in regard to some unkempt transactions. He denied. In Nigeria, he never had to deny and was free. In the Mahon Scandal, the weight of evidence dropped like a log but he ducked. No one knows why.

    He had a sense of religious irony. The company that built a factory with government money to make equipment to treat HIV patients was called Trinity, but it never took off. The company whose first name is Sheda was shed. Another irony.  He was also a military contractor who raked in millions of dollars for repairing and procuring parts of military tanks in Bauchi that never happened. The contracts were endlessly reviewed.

    The company that secured a $9.6 billion fine is like Quinn. It has no website, no staff, no known offices, no pedigree of successes.  General Theophilus Danjuma, who kept mum while the matter was raging until Bloomberg Businessweek interviewed him, said he knew the man and he had invested $40 million in the business and the man ran away with the investment. We need more explanation from the general. Even if Bill Gate’s $10 million were taken away by such a conman the world would know. He would be pursued to the ends of the earth.

    The general is quick to aerate about the murderous herdsmen and failures of coups and governance.  He could not find his voice until western reporters barrelled into his space and forced the words out of his commander lips.

    It is obvious Quinn did the business with Nigerian connivance. The story is also the failure of due process, unfruitful dalliance of our bureaucracy, the incompetence of our attorneys-general, including Malami who had an opportunity to clear it away when they offered $850 million dollars in settlement, including the rapacious naivety of our lawyers. The only Nigerian witness who appeared in court did not know anything about the case. Yet the interest mounts $1 million a day. The money amounts to seven years of education budget, or a quarter of our annual budget. It is about oil and gas but the fine could end gas flaring forever.

    It is a story of colonial mentality and inferiority complex. We assume the superior mentality of the western partner. We still have stories today like Siemens, about how the white man comes here to collude with our Nigerian official to fleece us. It is also a narrative of the military and their footloose morality and how they gave contracts and looted. Our civilians took over from where they left.

    Quinn was like the character in Kosinski’s novel Being There, of a man who cannot read but, by the happenstance of capitalism, rises and is being touted to become the United States president.

    Quinn was also like Jay Gatsby in the novel The Great Gatsby, who came from nothing, grew rich from questionable sources, and threw parties frequently to gain the attention of his childhood sweetheart who never materialised. He was a man without a community, except himself.

    No wonder, just like Gatsby at his funeral, Quinn was alone. At his funeral the music, the Lonesome Boatman, was his swansong. He was a serpent, and died like one – alone.

    Just as it is light out for Quinn, it’s still lights out for Nigerians for whom the P&ID contract was supposed to provide electricity. Cynically, the Irish wizard and his cohorts clinched the deal when, on sick bed, Yar’Adua as president was going “gentle into that good night,” apologies to Dylan Thomas. A necromantic affair.

  • Petition against PDP lawmaker dismissed

    The Abia State election petition tribunal in Umuahia has dismissed the petition against the lawmaker representing Arochukwu/Ohafia Federal Constituency, Uko Nkole.

    The All Progressive Congress (APC) candidate in the election, Nnamdi Orji, approached the tribunal to invalidate Nkole’s election, alleging corrupt practices and non-compliance with the Electoral Act.

    He claimed that Nkole of the Peoples Democratic Party (PDP) did not score majority of lawful votes cast to be declared winner of the February 23 election.

    Read Also: Tribunal sacks James Manager, orders fresh election

    Orji alleged that the election in some areas were either marred by massive irregularities, or failed to hold, and so prayed the tribunal to order a supplementary there.

    Tribunal chairman Justice Cornelius Akintayo held that the inability of Nkole’s lawyer to prove his allegations of massive irregularities and criminal practices in the election beyond reasonable doubt rendered his petition incompetent and unmeritorious.

  • Fayemi: no Mosque demolished in Rivers 

    Chairman of the Nigeria Governors’ Forum (NGF) and Ekiti State Governor Kayode Fayemi has denied evidences that a building existed on the disputed land in Rainbow Town, Port Harcourt, Rivers State, where the government demolished a Mosque.

    Fayemi, who addressed reporters after a joint assessment of the disputed land with Governor Wike yesterday, described the controversy as a storm in a tea cup.

    He said: “With what I have seen here, I cannot see any evidence of any building that was demolished. If you are somebody who wants a place of worship, you should find a way to oblige them. I know within your capacity it will be possible to find a place for them.

    “From what I have seen here, I think it is a storm in a tea Cup. There is nothing to warrant this kind of media hype that has been given to it.”

    Fayemi said his assessment visit was necessitated by a call to Wike after the controversy on the land broke out.

    According to him, he called Wike when the controversy started and he (Wike) emphasised that no Mosque was demolished. He noted that the Rivers State Governor explained that the dispute began during the Amaechi administration though it was already in court.

    Read Also: Fayemi urged to implement erosion control master plan to curb flooding

    Fayemi added: “You cannot allow people build on a sewer. Even in my state I will not allow people to build on a sewer. There is no Governor that I know who will allow that to happen. If they are willing and prepared to have their place of worship elsewhere, that shouldn’t be too much of a request. It is important for us to promote harmony, rather than discord.”

    Governor Wike thanked Fayemi for exhibiting leadership by visiting the state to see things for himself. According to him, Fayemi’s visit has confirmed that no Mosque was demolished as was wrongly reported.

    He said: “I thank the Chairman of my forum for coming to see things for himself. He called me and I said you know I can’t do something like that. He promised to come see me and he has fulfilled that promise; that shows leadership.

    “From what he has seen, there was no Mosque here. There is no way I will see a Mosque and order the Ministry of Urban Development to demolish it. Assuming there was a Mosque and government doesn’t want it there, we will tell them to look for alternatives. But there was no Mosque here. I don’t know why people should make politics out of the issue; it’s not important.”

    Wike promised the state’s readiness to provide an alternative place to the Muslim Community if they desire it. He urged the people not to create discord among the religions as they worship the same God.

    The governor has also appointed Alhaji Abdulrazak Deprieye as the Sole Administrator of Rivers State Muslims Pilgrims Welfare Board.

    The appointment takes immediate effect, a statement by the governor’s media aide, Simeon Nwakaudu, said.

  • Igbinedion’s petition dismissed

    The election petition tribunal in Benin City, Edo State, has dismissed the petition by Omosede Igbinedion for lack of merit.

    Igbinedion is challenging the victory of Dennis Idahosa, who was declared winner of the Ovia Federal Constituency seat s the House of Representatives.

    She asked the tribunal to declare her winner of the election on grounds that Idahosa was not qualified to contest the election, being a Canadian citizen, and did not resign his appointment with the Federal Ministry of Environment.

    The tribunal said there was no merit in the petition.

    Tribunal Chairman Justice O. Ogundana said Omosede failed to prove allegations of over voting, forgery and falsification of results.

    Justice Ogundana, who had earlier ruled that the Independent National Electoral Commission (INEC) filed its reply out of time, noted that allegations of over voting, electoral malpractices bothered on criminal offences that must be proven beyond reasonable doubt.

    On non-qualification by Idahosa following allegations of being a Canadian citizen, the tribunal held that the petitioners failed to show any prove of the allegation as the witness called did not testify regarding the allegation.

    Read Also: Tribunal affirms victory of former Senate Deputy Whip, Alimikhena

    The tribunal ruled that Idahosa proved he is a Nigerian by birth by presenting his International Passport and proof of his resignation as a board member of the National Agency for Great Green Wall (NAGW).

    The tribunal said: “The argument of the petitioners is most untenable. They did not show relevant documents and pleaded facts are not before the tribunal. Aside the pleading of the grounds, the petitioners did not place anything on their side. They did not make prima facie case. Averments in petitions prove nothing without evidence. The onus of proof has not shifted to the defendants.

    “The petitioners failed to prove non-qualification. All these allegations have not been proven. Even if ground three has not been struck out, it would not have survived.”

    Idahosa hailed the judiciary for remaining the hope of the common man. He promised to deliver dividends of democracy to the people of Ovia.

  • Araraume, Uzodinma, others urge tribunal to nullify Ihedioha’s election

    Governorship candidate of the All Progressives Grand Alliance (APGA) Ifeanyi Ararume;  Senator Hope Uzodinma of the All Progressives Congress (APC) and Uche Nwosu of the Action Alliance (AA) on Sunday adopted their written addresses asking the court to nullify the election of Emeka Ihedioha as Imo State Governor.

    The candidates and their parties approached the tribunal to challenge Ihedioha’s victory in the March 9 governorship election.

    According to the petitioners, Section 179 of the Constitution says a winner must have the highest number of votes and also obtain the constitutional one quarter of the votes in at least two-thirds of the 27 local government areas of the state, a condition Ihedioha failed to meet.

    At the adoption of their final addresses on Sunday, the petitioners said there were glaring evidences that Ihedioha did not win the March 9 election.

    Araraume, in challenging the outcome of the election, said the Independent National Electoral Commission (INEC) declared Ihedioha winner in error because he didn’t meet the constitutional requirements.

    Read Also: Aide outlines Ihedioha’s accomplishments in first 100 days

    He asked for an order to void the Certificate of Return issued to Ihedioha – on the grounds that there were massive irregularities in the election. He also averred, through his lawyers – Awa Kalu (SAN), Ahmed Raji (SAN), K.C Nwufo (SAN) and I. K Bawa (SAN) – that all the scores and votes from Ehime Mbano local government area and 17 others were unlawful.

    According to him, there was unexplained change of electoral officers at the last minute by INEC, and massive hijacking and diversion of electoral materials.

    Araraume and APGA asked the tribunal to nullify and set aside the March 9 election for being invalid and not complying with the provisions of the Electoral Act 2010 and the 1999 Constitution.

    Uzodinma asked the tribunal to declare him winner of the election after accusing INEC of excluding APC results in 388 polling units.

    The results, he said, were declared at the polling units but were not collated at the ward levels.

    According to him the results at the polling unit were in form EC8A and were issued to the petitioner’s agent but were omitted by INEC during the declaration of general results.

    He said if the results were added by the tribunal, he would defeat Ihedioha with over 40,000 votes.

    Nwosu asked the tribunal to order a rerun between him and Ihedioha because the governor lacked the 2/3 spread in the state to be declared winner. He also argued that INEC failed to order a rerun in 258 polling units where results were said to have been cancelled by INEC.

    But Ihedioha’s lawyer Onyechi Ikpeazu; INEC’s lawyer Eke Ejelam and PDP’s lawyer Ken Njemanze asked the panel to dismiss the petitions and uphold Ihedioha’s victory.

    Uzodinma’s lawyer Olusola Oke said the code of Tribunal made it illegal for the tribunal to sit on a Sunday. He asked the tribunal to adopt Sunday as a sitting day as to legalise the day’s proceedings; the tribunal immediately adopted Sunday as a sitting day.

    Oke, therefore, urged the tribunal to declare his client winner of the election.

    Tribunal chairman Michael Adewara said the date of the judgments would be communicated to the parties.

  • Arrest order: Okorocha seeks Onyeaguocha’s sanction

    Former Imo State Governor Rochas Okorocha has urged his successor, Emeka Ihedioha, to sanction the Secretary to the State Government, Uche Onyeaguocha, for giving an illegal order  for his arrest.

    Governor Ihedioha denied declaring the former governor wanted after many groups condemned the order.

    A statement by Okorocha’s media aide, Sam Onwuemeodo, reads: “Imo State Governor Emeka Ihedioha was quoted as saying he never ordered the arrest of his predecessor, Senator Rochas Okorocha. This denial, which has been reported in the media, was part of a statement issued by his media aide, Chibuike Onyeukwu, on September 7.

    “We hail the governor for the denial, having known that the arrest order was uncivilised, disgraceful and embarrassing to the state and every enlightened society, though it came somewhat late; several weeks after the incident happened, thus making it appear belated or an afterthought.

    Read Also: Imo: Fresh moves to resolve Ihedioha, Okorocha feud

    “However, the governor could also add fibre to the denial by sanctioning the Secretary to the State Government, Uche Onyeaguocha, who gave the order. When a senior government official in the capacity of Secretary to the State Government makes such disturbing pronouncement, the conclusion is that he has spoken on behalf of the governor and the government; the governor’s long silence is not golden.

    “If the governor stops at the denial only, the public would still view it like the partial demolition of Akachi Tower which the government also denied authorising, but has failed to arrest those who demolished the edifice 24 hours after his inauguration.

    “Senator Okorocha is a peaceful man and that was why, throughput his eight years as governor, he never witch-hunted anybody, including those who made themselves his arch opponents.”

  • No division in Bayelsa PDP, says Diri

    The Peoples Democratic Party (PDP) governorship candidate in Bayelsa State, Senator Douye Diri, has debunked rumours of rift in the party.

    According to him, the transparent and credible primaries which produced him as the party’s candidate proved doomsday prophets, who earlier predicted implosion in the party, wrong.

    He added that the transparent process made it easy for other aspirants to concede defeat and so promising to work for the party’s success in the November 16 governorship election.

    Diri described the primaries as the most transparent in the history of the state, saying after the exercise, his co-contestants either called him on telephone or came in person to express their loyalty to the party.

    The senator, who knelt to thank party faithful for believing in him, urged them to be united in ensuring victory for PDP at the general election.

    He said: “There is no dispute at all because Bayelsa PDP is one. I also thank my co-contestants. That morning when the results were announced they came one by one to congratulate me. We had 21 aspirants in one state contesting the same position. People concluded that the Bayelsa PDP was going to implode, and would never come together again. But today we are more united than before. The doom they foresaw was never in Bayelsa. Bayelsa is transparent, peaceful, credible, and open for the world.

    Read Also: Bayelsa: Dickson drubs Jonathan in battle for PDP’s governorship ticket

    “We are still one family; those not here have called me and the governor to say they would work for the party. I am humbled. If all of you stand by me, and with God on our side, we will win this election.”

    PDP Chairman Cleopas Moses said the governorship election was between the PDP and other ‘small parties that are making noise’.

    He said: “The primary is the most transparent in the history of our state. I congratulate the others for accepting the results. The party is proud of you. We ask you to support the candidate so that we can win the election and carry the restoration agenda to the next level of prosperity.

    “We have restored. This is the time for enjoyment. That is what the incoming government shall do. Go to every ward and ensure the PDP is delivered in the next election”.

    Some other aspirants, including the Secretary to the State Government, Kemela Okara, who attended the reception at the Peace Park in Yenagoa, hailed the primaries and declared their loyalty to the party.

  • PDP governors seek probe of Umahi’s home raid

    The Peoples Democratic Party (PDP) Governors’ Forum has condemned the invasion of the Abuja residence of Ebonyi State Governor David Umahi.

    In a statement on Sunday by the Chairman and Governor of Bayelsa State, Seriake Dickson, the forum described the raid as an attack on democracy.

    “It is assault on the sensibility and integrity of Ebonyi people, and an affront on their fundamental rights, the forum of PDP governors, millions of PDP members and all Nigerians,” Dickson said.

    Read Also: Anger over Umahi’s home raid

    The governors said the raid was already generating anger, and so called on the Inspector General of Police (IG), Idris Adamu, to investigate it. According to the forum, the investigation was important since the invaders were alleged to be security operatives, while the police denied such an operation.

    The statement reads: “We are worried that the police authorities have denied the foreknowledge of the operation. The fact that the police high command, including the Office of the Inspector General of Police, have distanced themselves from the invasion makes it a suspicious operation.

    “We, therefore, urge the IG to probe the raid. This should be carried out immediately to unveil the circumstances and people behind the action.”

    The governors also called on the Federal Government to intensify efforts to ensure protection of lives and property.