FRIDAY 27TH JUNE 2025

FIRS Renamed Nigeria Revenue Service in Sweeping New Tax Laws Effective January 2026 Tinubu: This is way forward for Nigeria’s prosperity Essential goods including food, healthcare now VAT-free NECA urges smooth implementation Deji Elumoye and Onyebuchi Ezigbo in Abuja

President Bola Tinubu yesterday signed into law the four new tax bills recently passed by the National

Assembly, which among others, included renaming the Federal Inland Revenue Service (FIRS) as

Nigeria Revenue Service (NRS).

At the event in Abuja, the President described the sweeping new

legislations as pivotal to the success of the administration’s reforms and the country’s prosperity.

The bills are the Nigeria Tax Bill Continued on page 9

Friday 27 June, 2025 Vol 30. No 11037. Price: N400

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Emergency Rule over Soon in Rivers as Tinubu Reconciles Wike, Fubara, Assembly...

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THISDAY ˾ ˜ ͺͿ˜ ͺ͸ͺͽ

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ÜÙßÚ ÏáÝ ÎÓÞÙÜ˝ Goddy Egene ×ËÓÖ˝ Goddy.egene@thisdaylive.com, 0803 350 6821, 0807 401 0580

TINUBU SIGNING TAX BILLS INTO LAW...

L-R: Leader of the Senate, Senator Opeyemi Bamidele; Speaker, House of Representatives, Tajudeen Abbas; President of the Senate, Senator Godswill Akpabio; President Bola Ahmed Tinubu; Kwara State Governor, AbdulRahman AbdulRazaq; Chief of Staff to the President, Femi Gbajabiamila; Imo State Governor, Senator Hope Uzodimma; and Minister of Finance and Coordinating Minister of PHOTO: GODWIN OMOIGUI Economy, Wale Edun, during the signing of the 2025 Tax Bills into Law, held at the Presidential Villa, Abuja, yesterday

Audit Report: Senate Issues 10-Day Ultimatum to NNPCL Over N201trn Discrepancy Rejects 2-month delay request from national oil firm Sunday Aborisade in Abuja The Senate Committee on Public Accounts (SPAC) yesterday issued a 10-working-day ultimatum to the Nigerian National Petroleum Company Limited (NNPCL) to address 11 critical audit queries involving a staggering N210 trillion in discrepancies found in its audited financial statements from 2017 to 2023.

The decision came after NNPC requested a two-month postponement of its appearance before the committee, citing the absence of senior executives currently on a retreat and the need to gather documentation.

However, the Senate committee rejected the request, describing it as “unacceptable and suspicious,” and insisted that the company appear by July 10, 2025.

The committee, chaired by Senator Aliyu Wadada, expressed strong dissatisfaction with NNPC’s conduct, particularly the delay in responding to queries derived directly from its own financial records.

Wadada emphasized that the audit questions are not new but had already been raised during a prior engagement.

He warned that failure to comply with the new deadline would be regarded as contempt of the National Assembly and could result in the invocation of constitutional powers to compel the company’s leadership to appear and provide clarity.

At the heart of the controversy are massive inconsistencies and conflicting figures in NNPC’s books.

One of the most striking is a report that a subsidiary, National Petroleum Investment Management Services (NAPIMS), declared a profit of N9 trillion between 2017 and 2021, while NNPC as a whole recorded a loss of N16 billion over the same period.

Additionally, the company listed accrued expenses totaling N103 trillion.

These include over N600 billion in retention fees with no traceable contract references, as well as vague legal and auditor fees, all without detailed justifications.

Further compounding the issue are receivables also amounting to N103 trillion.

The Senate committee highlighted that NNPC submitted a fresh document just before the latest session began, which presented data inconsistent with what had been previously submitted in the audited financial statements.

This new information, the lawmakers said, raises serious concerns about the credibility and accuracy of the company’s financial reporting.

Wadada expressed alarm over the magnitude of the figures, calling them “mind-boggling” and “scary.”

He underscored the need for financial transparency, especially under President Bola Tinubu’s Renewed Hope Agenda, which prioritizes

fiscal responsibility and national development.

According to him, reconciling such discrepancies is critical in a period when the government is actively seeking funds for key national initiatives.

“This kind of financial opacity has to end,” Wadada said, noting that the credibility of the country’s oil revenue management system is at stake. He questioned how such vast inconsistencies could make it into audited reports that have already

Peter Uzoho in Lagos and Blessing Ibunge in Port Harcourt To accelerate oil and gas production in Nigeria, Renaissance Africa Energy Company Limited has rallied the support of nearly 500 chief executive officers and business leaders, who are registered vendors with the company.

The commitment was sealed at the 2025 “Leaders and Contractors CEOs Safety Leadership Conference”, held on Wednesday in Port Harcourt, Rivers State, with the theme: “Sustaining Goal Zero in a Transition Environment – Our Part to Play.”

Hails his contributions to national development President Bola Tinubu has extended warm felicitations to Group Chief Executive Officer of Oando Group, Jubril Adewale Tinubu on the occasion of his 58th Birthday on June 26, 2025.

Wale Tinubu, a lawyer and globally-respected energy executive, co-founded Ocean & Oil Group in 1993, transforming it from a trading outfit into Oando - a quoted company that is currently Sub-Saharan Africa’s foremost integrated indigenous energy group.

The President, in a release issued on Thursday by his Adviser on Information and Strategy, Bayo Onanuga, described Wale Tinubu as a visionary business leader and patriot

whose accomplishments continue to reflect positively on Nigeria’s energy sector and national development.

Reflecting on Wale Tinubu’s exemplary entrepreneurial journey and contributions to Nigeria’s economic growth, President Tinubu affirmed that his work with Oando Plc and its subsidiaries showcase a deep commitment to innovation, sustainability and empowerment.

President Tinubu also acknowledged the role of Mr. Tinubu in the clean energy transition through the establishment of Oando Clean Energy Limited which is partnering the Lagos State Government to introduce electric mass transit buses as an innovative move toward achieving sustainable urban transport and Nigeria’s climate

agencies: the Economic and Financial Crimes Commission (EFCC), the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Nigerian Financial Intelligence Unit (NFIU), and the Department of State Services (DSS).

The committee stated that these agencies would remain actively involved in the investigation to ensure a comprehensive and transparent process.

It will be recalled that in response

to the committee’s grilling last week, NNPC officials led by Chief Financial Officer, Mr. Dapo Segun, defended the company’s position.

They disagreed with the Senate’s conclusions and asserted that the discrepancies were due to ongoing reconciliation efforts.

The CFO promised to submit a corrected version of the financial records within the week, though this explanation did little to allay the lawmakers’ concerns.

Renaissance Partners 500 CEOs to Advance Nigeria’s Oil, Gas Growth

Tinubu Eulogises Oando’s CEO, Wale Tinubu, on 58th Birthday Deji Elumoye in Abuja

been released to the public, especially as NNPC prepares for a potential Initial Public Offering (IPO).

The Senate’s concerns were further heightened by the absence of NNPC’s external auditors from the hearing.

Their non-attendance was described as a glaring omission and raised further doubts about the integrity of the company’s audit process.

Present at the session were representatives from Nigeria’s key anti-corruption and financial oversight

goals.

Beyond the energy sector, the President highlighted Wale Tinubu’s philanthropic work through the Oando Foundation, which has positively impacted over 500,000 Nigerian children through school adoption, digital learning, and teacher training.

“On this occasion of his birthday, I congratulate my brother Wale Tinubu for his exemplary life and the hard work that has made him one of the significant contributors to our country’s economic growth and development.

“I wish him good health, greater accomplishment, and more useful services to Nigeria and humanity”, President Tinubu further stated.

A statement by the indigenous oil and gas producer explained that the conference served as a strategic platform for partners and stakeholders to align with Renaissance’s vision to become Africa’s leading oil and gas company, driving energy security and industrialisation sustainably.

Speaking at the event, the Managing Director and Chief Executive Officer of Renaissance, Tony Attah, described the company’s emergence as a symbol of ambition, renewal, and national opportunity.

“Renaissance is more than a name; it is a signal of a new era and a renewed commitment to excellence. We see it as a platform to catalyse Nigerian-led industrialisation, job creation, and economic growth,” Attah declared.

He described the Renaissance safety leadership conference as an

essential part of the company’s journey.

“It not only enhances collaboration and knowledge sharing, but it also reaffirms our commitment to a unified safety culture across all operations,” he added.

He charged the business leaders to embrace the core values of Renaissance of collaboration, respect, integrity, safety, and performance which he said were foundational to Renaissance’s corporate culture and vendor expectations.

He said, “As we begin this new chapter, safety and asset integrity remain non-negotiable. We will walk this path together with our contractors, committed to our shared Goal Zero: zero harm to people and the environment.”

In their addresses, Chairman of Renaissance, Dr. Layi Fatona, and other senior leaders of the company,

including General Manager, Supply Chain, Gregory Abimbola; and General Manager, Greenfields Capital Projects, Mrs. Abimbola Tijani, reinforced the message of shared responsibility and collective ambition.

Tijani said, “This is not about production targets. It’s about generational impact. With over 600 million Africans still lacking access to electricity and 400 million of them in poverty, our mission is to unlock Nigeria’s immense resources and deliver prosperity through energy. But it requires deep partnership with our service providers, and above all, action.”

Responding to the charge by Renaissance leadership, Group Managing Director of The Future Concerns Group, Mr. Tony Oguike, expressed his company’s commitment to the Renaissance safety and leadership goals.

Senate Confirms Leadership of Boards for Three Regional Development Commissions Sunday Aborisade in Abuja In a significant move aimed at accelerating regional development, the Senate on Thursday confirmed the appointments of key officials to lead three newly created regional development commissions.

They are, the South West Development Commission (SWDC), South-South Development Commission (SSDC), and the North Central Development Commission (NCDC).

The confirmations followed the consideration and adoption

of reports by the Senate Committees overseeing each commission during plenary.

For the South West Development Commission, the Senate confirmed Senator Olubunmi Adetunmbi as Chairman and Dr. Charles Akindiji Akinola as Managing Director.

Others confirmed as Executive Directors include Mr. Olusegun Joshua Olufehinti (Projects), Mr. Tele Ogunjobi (Finance), Rt. Hon. Barr. Funmilayo Tejuosho (Corporate Services), Mr. Fatai Ibikunle (Commercial & Environmental Development), and Alhaji Lateef

Oladimeji Ajijola (Social & Human Capital Development).

The board also includes representatives from across the South West and other geopolitical zones, such as Hon. Bolaji Idris Ariyo (Lagos), Hon. Scholastic Olanike Omoworare (Osun), and Rear Admiral Abdul Biu Adamu (North East), among others.

In the South-South Development Commission, Hon. Chibudom Nwuche was confirmed as Chairman, while Usoro Offiong Akpabio takes the helm as Managing Director.

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GO YE AND IMPLEMENT THE NEW TAX LAWS...

President Bola Ahmed Tinubu (left) in a handshake with the Executive Chairman, Federal Inland Revenue Service now renamed Nigeria Revenue Service, Mr. Zacch Adedeji, during the signing of the four tax bills into law by the President in Abuja, yesterday

NGX Group: Dangote Refinery Embodies Energy Security, Job Creation, Industrial Growth Says listing of refinery, Dangote Fertiliser, natural next step Ndubuisi Francis in Abuja, Peter Uzoho and Kayode Tokede in Lagos Nigerian Exchange Group (NGX) has described Dangote Refinery as a monumental achievement, a symbol of Nigerian enterprise, resilience, and ambition.

NGX said the refinery embodied the promise of enhanced energy

security, industrial growth, job creation, and strengthened global competitiveness for the Nigerian economy.

NGX Chairman, Dr. Umaru Kwairanga, made the comments when he led a delegation of the capital market community on a tour of the refinery complex in Lagos.

According to him, while celebrat-

ing the remarkable success of the project and other initiatives within the Dangote group, the nation’s foremost bourse is looking forward to the potential listing of both Dangote Refinery and Dangote Fertiliser on NGX. Kwairanga said such listings would mark a natural next step in Dangote Group’s journey of

transparency, market leadership, and inclusive wealth creation.

They would also provide investors with additional opportunities to participate in national assets that generate lasting economic value, Kwairanga added.

His address read, “I am honoured to extend our heartfelt appreciation to Alhaji Aliko Dangote, GCON, and

Tinubu Orders Comprehensive Personnel Audit, Skills Gap Analysis in Civil Service Olawale Ajimotokan in Abuja President Bola Tinubu yesterday disclosed that he has authorised a comprehensive personnel audit and skills gap analysis across the federal civil service to deepen capacity.

Declaring open in Abuja the International Civil Service Conference hosted by the Office of the Head of the Civil Service of the Federation, the President opined that this will guarantee the high performance culture the country deserves by placing the right people in the right roles.

Besides, Tinubu maintained that innovation is a critical tool that will ensure that the civil service remains a dynamic, digital, ethical and globally competitive institution.

He also directed all ministries, extra-ministerial departments, and agencies to capture information and safeguard under the Nigeria Data Protection Act 2023, and release it swiftly for public value, ensuring the

highest data protection and privacy standards.

He said the theme of the conference: “Rejuvenate, Innovate & Accelerate!” was timely, apt and compelling as it captured the administration’s collective ambition to reimagine and reposition the service.

The President noted that an innovative civil service would enable the government to meet today’s needs and overcome tomorrow’s challenges.

Tinubu said: “Civil servants, you are not just the backbone of effective administration across borders but the very essence of it. Your role as the quiet architects of stability, innovation, and public trust is invaluable.

“The civil service as the vehicle through which the government delivers public goods, has steered us through economic cycles, constitutional transitions, and social democratic consolidation. Today, we stand on the sturdy foundation our predecessors built, and your leadership and stakeholder

roles remain crucial and integral in modernising and fortifying the Civil Service for generations unborn.

“This vision aligns with our Renewed Hope Agenda, a comprehensive roadmap for building a secure, inclusive, and prosperous Nigeria. At the heart of this Agenda is a public service that works efficiently and effectively for every Nigerian.

“A revitalised civil service is not a supporting actor but the central platform for delivering national transformation and the Renewed Hope Agenda, a future we can all look forward to with optimism.

Your role in this transformation is indispensable”.

He lauded the international partners and delegates for rendering invaluable guidance towards building a worldclass civil service that is efficient, accountable and people-centred.

The President also commended the Head of the Civil Service of the Federation, Mrs. Didi Esther Walson-

Women Missing in Leadership: Experts Call for Urgent Reforms Despite Historic Workforce Participation Sunday Aborisade in Abuja Despite making up an unprecedented 95.6 per cent of Nigeria’s labour force, Nigerian women remain critically underrepresented in leadership roles across the public and private sectors.

This glaring disparity has sparked renewed calls for urgent structural reforms in leadership pipelines.

Discussions on the subject matter took place at a high-level virtual media briefing hosted by

policy advisory firm Gatefield, and attended by our correspondent yesterday.

Stakeholders from governance, finance, and civil society dissected new findings from the 2024-2025 McKinsey Women in the Workplace report.

The discussion highlighted Nigeria’s persistent gender leadership gap and its long-term implications for national development.

The participants noted that while more women are entering the formal workforce than ever

before, only 33 per cent occupy entry-level roles in the private sector, with significantly fewer advancing into senior or executive positions.

“This is not about a lack of competence,” said Aishah Ahmad, Board Trustee at WIMBIZ and former Deputy Governor of the Central Bank of Nigeria.

Ahmad said: “The data confirms what we’ve known all along: women are being filtered out by the system, not by their ability. We must stop admiring the problem and start dismantling it.”

Jack, for her outstanding leadership and tireless pursuit of reform.

He added that her stewardship has driven the successful implementation of the Federal Civil Service Strategy and Implementation Plan 2021-2025, marked by milestones such as digitalising work processes, continuous learning initiatives, and launching Service-Wise GPT - a homegrown AI tool to enhance policy execution and efficiency.

The President reinforced the administration’s commitment to workers’ wellbeing, particularly the new national minimum wage, the consequential adjustments to salaries arising from the new minimum wage, and the approval of the Pension Bond Scheme, among others.

the entire Dangote Group for warmly hosting us at this truly remarkable facility, the Dangote Refinery.

“Today’s visit reflects NGX Group’s continued commitment to fostering deeper engagement between the capital market and the key drivers of Nigeria’s industrial and economic transformation.

“The Dangote Refinery stands as a monumental achievement, a symbol of Nigerian enterprise, resilience, and ambition. It embodies the promise of enhanced energy security, industrial growth, job creation, and strengthened global competitiveness for our economy.

“I would like to particularly commend Alhaji Aliko Dangote for his enduring contributions to the development of the Nigerian capital market.”

Kwairanga stated, “As many of us know, Alhaji Dangote served with distinction as President of Council of the Nigerian Stock Exchange, where his vision, leadership, and steadfast belief in the power of capital markets helped lay the foundation for the progress we celebrate today.”

He stressed that in addition to Aliko Dangote’s personal leadership, the industrialist had, through the Dangote Group, demonstrated exemplary corporate citizenship within the market ecosystem.

Kwairanga added, “With the list-

ing of Dangote Cement Plc, Dangote Sugar Refinery Plc, and NASCON Allied Industries Plc on NGX, the Group has significantly deepened market liquidity, enhanced investor confidence, and driven long-term value creation for shareholders.

“This visit offers more than a tour of an industrial complex. It is a moment of collective reflection on the power of private sector innovation, local capacity building, and the pivotal role of capital markets in financing transformative projects.”

Kwairanga explained, “With a refining capacity of 650,000 barrels per day, the Dangote Refinery is the largest single-train refinery in the world. Its operations promise to reduce Nigeria’s dependence on imported refined petroleum products, conserve foreign exchange, generate employment, and position our nation as a net exporter of refined products.

“To all capital market stakeholders here present, your presence underscores our shared commitment to strengthening the bridge between investment capital and national development.

“As we celebrate the remarkable success of this project and other initiatives within the Dangote Group, we look forward with great anticipation to the potential listing of both Dangote Refinery and Dangote Fertiliser on NGX.

W’Bank, IAEA Agree to Support Safe, Secure, Responsible Use of Nuclear Energy in Developing Countries Ndubuisi Francis in Abuja The World Bank Group and the International Atomic Energy Agency (IAEA), Thursday sealed an agreement to partner in supporting the safe, secure and responsible use of nuclear energy in developing countries.

The partnership agreement, signed by the World Bank Group President, Ajay Banga and IAEA Director General, Rafael Mariano Grossi, finally formalised multiple engagements between the two institutions over the last year, and marked the World Bank Group’s first concrete step to re-engage with nuclear power in decades.

The agreement also reflects a new, broader approach by the World Bank Group to electrification—one that prioritises accessibility, affordability, and reliability, while managing emissions

responsibly.

The World Bank Group works to create a world free of poverty on a livable planet through a combination of financing, knowledge, and expertise. It consists of the World Bank, including the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA); the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID).

The IAEA is an international organisation that seeks to promote the peaceful use of nuclear energy and to prevent its use for military purposes. The IAEA supports its member states in developing robust and sustainable nuclear safety and

security infrastructures and applies safeguards to verify the peaceful use of nuclear material and technology.

With electricity demand in developing countries expected to more than double by 2035, partnership approach aims to help countries deliver the energy people need by enabling pathways that best fit their national context, including development objectives and Nationally Determined Contributions.

Nuclear energy provides continuous baseload power, enhancing grid stability and resilience.

Reliable baseload electricity is essential for job-generating sectors such as infrastructure, agribusiness, healthcare, tourism, and manufacturing. Nuclear power is also a source of high-skilled employment and stimulates investment across the broader economy.

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GOV BABAJIDE SANWO-OLU’S 60TH BIRTHDAY CELEBRATION...

L-R: Managing Director, THISDAY Newspaper, Eniola Bello; President/CEO PRAfrica International, Prince Dapo Adelegan; and Pastor Dotun Ojelabi, at Gov. Sanwo-Olu’s 60th birthday celebration in Lagos, yesterday

At Afreximbank’s Annual Meetings, Obasanjo Laments Africa’s Retarded Growth Trajectory Hails AfCFTAas game-changer, says agriculture can unlock $40 billion annually Declares democracy not working, waste, corruption hamper growth James Emejo in Abuja Former President Olusegun Obasanjo, yesterday said African countries must collaborate to realise their economic aspirations, noting that growth had retarded in the continent in recent times.

He spoke at the 2025 Annual Meetings of Afreximbank, with the theme, “Building the Future on Decades of Resilience”, in Abuja.

Obasanjo said for Africa to achieve economic prosperity, its leading economies including Nigeria, Egypt, Ethiopia, Democratic Republic of Congo (DRC) and South Africa among other, must first grow as expected before helping weaker economies such as Morroco, Kenya and Senegal to grow.

He alluded to the fact that economic prosperity cannot be realised in isolation - as stronger economies needed to pull the weaker ones along to achieve an all-round growth that will be inclusive.

But he expressed worry that the so-called major economies have themselves experienced slower growth, talk of assisting smaller countries.

Referring to them as “lions and cubs”, the former president said stronger and weaker nations must work together to clear economic obstacles and trade with one another.

Yet, he declared that there are “country’s that must make it (grow) for Africa to make it together.”

He said, “If they (major African economies) are moving forward they will move Africa forward - But are they moving?”

However, he hailed the African Continental Free Trade Area (AfCFTA) agreement as what the continent appeared to have gotten right - given its ability to facilitate intra- Africa trade.

He also commended Afreximbank for ongoing initiatives to evolve an African payment system that will encourage trade within the continent as well as de-emphasised reliance on the dollar and other major currencies in the world.

Obasanjo declared that Nigeria had not been growing steadily as it ought to - sometimes recording positive growth rate only to regress at other times.

In general, he said Africa had achieved minimum growth, then retrogressed and retarded.

He said, “Lions have not moved as they should before moving the continent. We can get the lions to move, and cubs will follow.”

He stressed that Africa must move collectively towards achieving economic targets as well as invest in knowledge, querying how much political leaders know about the obligations of the international community to Africa.

He maintained that knowledge was crucial at all levels of government.

“We cant expect the world to give us what the world can’t give,” he said.

Obasanjo further lamented that the continent depended too much on foreign aid, adding that there must be substitute for aid?

“We won’t get it right that way,” he added.

The former president also questioned

why Africa can’t be food secure, noting that food sufficiency can unlock $40 billion annually for the continent.

He pointed out that in the 1980s, Ethiopia had a terrible drought which threatened its food security, adding that the country later overcame the situation, and became a net exporter of wheat.

He said, “How come we cannot feed ourselves”?

Obasanjo also called for a review

consumers.

MultiChoice, through its counsel, raised a preliminary objection, arguing that pricing decisions do not fall within the tribunal’s remit and that the suit was improperly filed as a class action without first seeking the tribunal’s leave.

In its ruling on Thursday, the tribunal’s three-member panel led

by Justice Thomas Okosun held that the core issues raised, which were pricing and tariff regulation, fall under the exclusive purview of the executive branch, particularly the President, as stipulated under the Price Control Act. “The issue of price regulation is a matter that falls within the exclusive purview of the President of the Federal Republic of Nigeria,” Okosun stated.

as enemy, everybody works together in a communal ideology.

He said, “Before advent of colonialsm we work together...time has come to say its (democracy) not working for us.”

He added that democracy appeared to have been monetised (monitocracy), serving the selfish interest of those in power.

He Africa must nonetheless, continue with positive initiatives

such as the AfCFTA among others.

He said, “Afrexim has made currency to trade within. Why look for euro and dollar? Why can’t we transact in local currencies?

He urged central banks to unite towards making African local currencies more relevant in In yeah African trade.

Among other things, he said waste and corruption could continue to hamper growth and development of the continent

NCDMB, Dangote Refinery Inaugurate Joint Committee to Deepen Local Content at Facility Peter Uzoho

Nigerian Content Development and Monitoring Board (NCDMB) and Dangote Petroleum Refinery and Petrochemical Company have inaugurated a Joint Technical Committee (JTC) aimed at advancing local content implementation during the operational phase of the 650,000 barrels per day refinery plant.

The inauguration ceremony, which took place on Tuesday at the Dangote Free Trade Zone, Ibeju-Lekki, Lagos State, marked a pivotal moment in fostering strategic collaboration between both institutions, and was a significant move to reinforce local content development in the oil and gas sector.

The ceremony presided by Executive

Tariff Hikes: Tribunal Dismisses Class Action Suit Against MultiChoice The Competition and Consumer Protection Tribunal (CCPT) in Abuja has dismissed a class action suit filed by one Uche Diala and 961 other DStv and GOtv subscribers against MultiChoice Nigeria and the Federal Competition and Consumer Protection Commission (FCCPC), citing lack of jurisdiction.

The suit challenged MultiChoice’s subscription price increases in November 2023 and May 2024, which the claimants described as arbitrary, exploitative, and unfair.

Diala and others sought to reverse the hikes and compel the company to adopt a more flexible billing model, such as a pay-as-you-view system used in other countries like South Africa.

They also accused MultiChoice of price discrimination against Nigerian

of current democratic principles in Africa, recommending a return to communism.

He said Africa needed to internalised and interrogate western liberal democracy as it’s no longer delivering results.

He said this would ensure that those aspects which are not relevant to society were reviewed.

He said unlike in Nigeria where opposition voice is crushed and seen

While the tribunal acknowledged it holds both original and appellate jurisdiction under the FCCPC Act, it emphasized that such authority does not cover general price control unless abuse of market dominance is established, a point the claimants failed to prove.

On the procedural matter of filing a class action without prior approval, the tribunal noted that although it is ideal to obtain leave, failure to do so was not fatal in this instance since the claimants demonstrated a shared grievance and common interest.

Nonetheless, the tribunal upheld MultiChoice’s objection, ruling that it lacked jurisdiction to adjudicate the matter. “The preliminary objection of the first defendant succeeds,” the panel held. “This suit is accordingly struck out for want of jurisdiction.”

Secretary of NCDMB, Mr. Felix Ogbe, and Group Vice President, Oil and Gas, Dangote Group, Chief Edwin Devakumar, featured the formal sign-off of the Committee’s Terms of Reference (ToR), a guided tour of the refinery, other critical facilities, and the official commencement of the JTC’s responsibilities.

A statement signed by General Manager, Corporate Communications, NCDMB, Dr. Obinna Ezeobi, explained the visit also featured presentation of the certificate of the Nigerian Content Downstream Operator of the Year Award won by Dangote Petroleum Refinery and Petrochemical Company at the inaugural Champions of Nigerian Content Awards held recently in May. Executive Secretary NCDMB made the presentation to President of Dangote Group, Alhalji Aliko Dangote, who expressed delight at the recognition, stating that he would display the certificate proudly in his office.

Ogbe congratulated Dangote Group on the successful development and

commissioning of the largest single train refinery in the world, as well as petrochemical and fertiliser plants, describing the projects as a “historic milestone” not only for Nigeria but also for the entire continent.

He emphasised that Dangote Refinery stood as a testament to the success of the Nigerian Oil and Gas Industry Content Development (NOGICD) Act of 2010 and the transformative potential of Nigerian-led industrial projects.

“At an optimal daily production capacity of 650,000 barrels, this refinery will significantly enhance Nigeria’s energy security and contribute to the supply of refined petroleum products across West Africa,” the executive secretary stated.

“Nigerians have to own the plant; we have to make sure that the plant works well. We have to secure it, we have to maintain it,” he added.

He said NCDMB would continue to collaborate with Dangote Petroleum Refinery, while highlighting the need

to ensure more value retention in the sector, as mandated by the NOGICD Act 2010.

Ogbe demanded compliance with Sections 32 and 33 of the NOGICD Act, with particular reference to local manpower utilisation and requirements for NCDMB’s approval prior to the engagement of expatriates.

He stated, “The NOGICD Act stipulates that no expatriate can be employed in any organisation in the oil and gas industry without the prior approval of the NCDMB. We will work with you. We have to protect jobs for Nigerians.”

He said commended the company for training and employing Nigerian engineers.

Ogbe said, “This collaboration must ensure qualified Nigerians are given opportunities across all operational roles. It is critical to job creation, skills development, and national capacity building in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu.”

NSITF Vows to Uphold Transparency in Its Operations Disburses N172.5 million to beneficiaries Onyebuchi Ezigbo in Abuja The Nigeria Social Insurance Trust Fund (NSITF), has assured Nigerians it will continue to operate in a transparent manner and ensure the scheme is efficient and effective to meet their yearnings and expectations.

The support provided by NSITF in the form of financial compensation helps employees who sustain injuries and their families to cope with the

financial and emotional strain of the unforeseen and unfortunate incident, thus enabling them to recover and return to work or maintain a reasonable standard of living.

The Employees’ Compensation Scheme (ECS) supports the rehabilitation of employees who suffer work-related injuries or illnesses, helping them regain their ability to work and reintegrate into the workforce The Fund said it has recently

disbursed over N172 million compensation to seven employees of different organisations who are beneficiaries of the Employees’ Compensation Scheme.

A statement signed by the Deputy General Manager Corporate Affairs Alex Mede quoted the Managing Director, NSITF, Oluwaseun Faleye, as having given the assurance on Wednesday, at the maiden edition of the International Civil Service Conference in Abuja.

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Tanimu Yakubu: Multiple, Overlapping Budget Operations Legal Under Current Fiscal Statutes Says coordination, transparency of execution paramount James Emejo in Abuja Director-General, Budget Office of the Federation, Dr. Tanimu Yakubu, yesterday, said the country’s overlapping budget processes were legal under current fiscal laws.

Yakubu admitted that Nigeria was currently operating three budget instruments concurrently, including 2024 Main Appropriation Act, 2024 Supplementary Budget, and 2025 Appropriation Act. Yakubu’s clarification came against the backdrop of public concerns about the federal government’s simultaneous operation of multiple budgets.

Critics said such development will alter the January-December budget cycle, and make implementation ineffective.

However, Yakubu stated that the operation reflected the real-world overlap between budget law, execution delays, and system-wide reform efforts.

He said while the multiple budget scenario might raise eyebrows, “it is not a fiscal anomaly.”

According to him, “This is not fiscal dysfunction, it is the transitional cost of trying to modernise a complex, high-volume national budget system.”

The director-general said the operation of multiple budgets concurrently was technically necessary due to multi-year projects and delayed implementation. He said the Nigerian situation was comparable to practices in other countries navigating budget reform and absorptive constraints.

Yakubu said, “This situation illustrates a system adapting to real-time constraints, not one losing control.”

He further clarified that existing law permited an overlap, adding that the Finance Act, Appropriation Act clauses, and Central Bank circulars provide the legal basis for coexistence by allowing rollover of capital releases across fiscal years, cash-flow bridging

Yakubu to support early implementation of new budgets, and parallel accounting for complex or externally-financed infrastructure and social programmes.

Yakubu said rather than being a contradiction, the arrangement was

an example of institutional flexibility in managing fiscal transitions.

He said, “This situation is not unique to Nigeria. In India, Indonesia, and Kenya, similar overlaps occur, as governments reconcile planning

cycles with execution realities.

“The presence of multiple concurrent budgets does not imply fiscal confusion. It reflects a performancebased, transitional budget system where the 2025 budget is being implemented in earnest, while residuals from the 2024 and supplementary budgets are lawfully closed out and disbursed.

“This is part of building a more agile and accountable public finance framework. The real issue is not the existence of three budgets, but the coordination and transparency of their execution.”

According to him, “The 2024 Appropriation Act, signed in January 2024, remains valid through December 31, 2024, unless formally repealed or extended. It is the primary legal framework for federal spending in 2024 and remains active—especially for capital projects, statutory obligations, and contracts tied to 2024 project codes.

“The 2024 Supplementary Appropriation Act, passed mid-year, was designed to address escalating security and humanitarian demands, revenue windfalls or reallocations, emerging economic shocks and sectoral urgencies not accounted for in the main budget.”

Yakubu added, “As is standard in public finance, a supplementary budget amends or extends the main budget. It runs concurrently, not as a duplicate, but as a legal and fiscal continuation.

“Although the 2025 Appropriation Act was signed before the end of 2024 – part of efforts to maintain the January-December budget cycle – the transition hasn’t been seamless.

“The execution of the 2025 budget coexists with unspent but already committed capital allocations from 2024, procurement delays and disbursement lags, and multi-year or donor-funded projects that legally span two or more fiscal years.”

FIRS RENAMED NIGERIA REVENUE SERVICE IN SWEEPING NEW TAX LAWS EFFECTIVE JANUARY 2026 (Ease of Doing Business), which aims to consolidate Nigeria’s fragmented tax laws into a harmonised statute; the Nigeria Tax Administration Bill, which will establish a uniform legal and operational framework for tax administration across federal, state, and local governments.

Others are the Nigeria Revenue Service (Establishment) Bill, which repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performancedriven national revenue agency— the Nigeria Revenue Service (NRS); and the Joint Revenue Board (Establishment) Bill, which provides for a formal governance structure to facilitate cooperation between revenue authorities at all levels of government.

The Nigeria Employers Consultative Association (NECA) expressed support for the new tax legislations.

However, at the signing ceremony held in his office at the State House, Tinubu said the occasion presented a new lease of life to every Nigerian and future generations.

“What we did a few minutes ago is the way forward for our country’s prosperity. Leadership must help people take off, lead the way, and navigate every turn and twist. We must help them reach their destination. That is what we are doing.

“We are in transit; we have changed the roads, we have changed some of the misgivings, we have opened the doors to a new economy, business opportunities. We have shown the world that Nigeria is ready and open for business,” the

President stated.

Tinubu commended the leadership and members of the National Assembly for passing the bills despite initial misunderstandings.

“It was initially difficult, but not all roads will be easy in nationbuilding. What you have provided is leadership and courage in the face of mounting disputes. Nowhere in the world would tax reforms be easy,” the President said.

Earlier, Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele extolled the President’s leadership in enabling the passage of the four bills.

He thanked the President for all the support, without necessarily teleguiding the committee, and only asked necessary questions.

“History will remember you for good for transforming our country because you went for a fundamental reform,” he added.

Oyedele told newsmen after the ceremony that Tinubu has directed the proper implementation of the laws while ensuring the collective participation of all stakeholders.

His words: “The journey is just beginning, writing the law, no matter how beautiful, no matter how transformative, no matter how innovative, it means nothing if it is not properly implemented. So we are mindful of that. We are not going to relax.

“Mr. President has given us the charge that now is the time to move to implementation, and we are ready.

We are prepared. It is not something we can do alone, even from the government side. It is something

we have to be collective,” he added.

Oyedele added that the committee would now include the private sector, public sector, civil society, professional bodies as well as international partners.

According to him: “The private sector, public sector, civil society, professional bodies, tax consultants, everyone, including our international partners, who mean well and will work for Nigeria.

“This is the time to implement with sincerity, lesser purpose, and with purpose, so that when we look back in another one or two years, three years, five years, 10 years down the line, we will say, Yes, we came together as a people, and we directed our country well.”

Most significantly, Oyedele announced that essential goods and services, including food, healthcare, education, transportation, and accommodation, are now exempted from VAT, a move expected to lower the cost of living for millions of Nigerians.

“These essential categories account for over 80 percent of average household spending in Nigeria.

By removing VAT, we’re putting money back in the hands of ordinary people,” he added.

Also speaking, Chairman of the Federal Inland Revenue Service, Dr. Zacch Adedeji, described the day as the happiest day of his life and the passage as a dream come true.

Adedeji further told newsmen after the signing ceremony that the implementation of the newly signed landmark fiscal reforms would commence on January 1st, 2026.

He said the new tax laws would now build a framework for a more focused and unlocking system, creating opportunities for all.

Adedeji further explained that the six months between the enactment of the new fiscal laws was designed to give Nigeria ample time to carefully prepare for their implementation, ensuring that all Nigerians are adequately sensitised.

He also disclosed that with the Nigeria Revenue Service Establishment law, the Federal Inland Revenue Service is now to be known as the Nigeria Revenue Service (NRS).

According to him, the new law now defines the NRS’ expanded mandate, including non-tax revenue collection, and lays out transparency, accountability, and efficiency mechanisms.

Said Adedeji: “The Nigeria Revenue Service (Establishment) Bill, the third bill, repeals the current Federal Inland Revenue Service Act and creates a more autonomous and performance-driven national revenue agency.

“Two hours ago, before we were FIRS, now we are NRS with expanded scope to focus on tax collection and with match efficiency”.

On his part, President of the Senate, Godswill Akpabio, eulogised Tinubu for his leadership qualities.

His words: “We have always known that you are a thinker, that you are intellectually sound, and that you care for your country. You campaigned based on change for the country.

“Those who have doubts can now dissect into two major actions.

LGA Autonomy: NULGE Urges Tinubu to Stop Further Violation of Supreme Court Order Onyebuchi Ezigbo in Abuja Nigeria Union of Local Government Employees (NULGE) has asked President Bola Tinubu to stop attempts to disobey the Supreme Court order on local government fiscal autonomy.

NULGE said the president should ensure that allocations to the third tier of government were paid directly to the legitimate accounts of each of the 774 local government councils in the country.

Addressing journalists at the union’s headquarters in Abuja on Thursday, the NULGE PresidentGeneral, Comrade Aliyu Kankara, lamented the inability of the federal government to enforce the judgement of the apex court on local government fiscal autonomy.

According to him, it is now over one year since the Supreme Court gave the judgement on restoration of fiscal autonomy to local government

councils, but some state governors have been seeking ways to bypass the law.

Speaking with particular reference to local government councils in Osun state, Kankara accused the Central Bank of Nigeria (CBN) and Office of the Accountant General of the Federation of move to transfer funds belonging to local governments to account not recognised by law.

He stated, “I stand here today to address a very critical issue where some state actors are creating atmosphere of discord and throwing clean cogs in the wheel of progress of Osun State local government areas by working in contravention of the landmark judgement of July 14th, 2024 on local government fiscal autonomy, where the Central Bank of Nigeria refused to respect the Supreme Court judgement on direct payment of local governments’ allocations to their respective accounts.”

The NULGE boss referred to a letter dated June 10, 2025, signed by one Okolie Rita in which the Office of the Accountant General of the Federation, allegedly, directed that any two of the chairman, treasurer or director of finance and administration or personnel management in each of the local governments in Osun State should endorse an application letter for the opening of an account for each of the local government councils.

He described such action as an aberration and a clear contravention of the law on local government fiscal autonomy.

Kankara called on CBN not to recognise any intending signatories to the local government accounts in Osun State other than career officers, who were designated by law and as enshrined in the approved guidelines for the administration of local government areas in Osun State.

He said, “As a union, we are embarrassed, to say the least, by this surreptitious move to supplant extant law and place the running of the accounts of Osun State local governments in the hands of impostors who are not recognised by law.”

Kankara said NULGE was appealing to the CBN governor, Minister of Finance, and Accountant General of the Federation to, as a matter of urgency, work together and ensure the release of the withheld Osun State Local Government Allocation from January 2025 to date to the legitimate Local Government Officers.

He said the law stipulated that “authorised signatories to local governments accounts are career officers, specifically, the director of finance and supplies, with the local government chairmen and heads of local government administration to countersign for confirmation. “

The first was the cancellation of fuel subsidy that many regimes could not oblitrate. You came and you did it, and today, Nigeria is better for it.

“Many did not know that by the time you took office in 2023, Nigeria was on life support, we were using about 98 percent of the daily revenue of this country for debt service, and almost 90 percent was on oil subsidy, and so Nigeria was heading to the brink of collapse.

“Then you came, and you said that God brought you for a time like this, and you are prepared to ensure that Nigeria is saved.

“Here again, you have harmonised the entire tax system in this country.

Stamp Duties Act, I think it was in 1901, but last reviewed in 1939 and then here we are in year 2025 we are still operating uneven taxes and laws on taxations that were here before the colonial masters left, they were all incorporated into our laws and you said, this cannot be allowed to continue, Nigeria must be modernised and modernising the tax system means bringing more money for the development of the country.

“Today, you are signing these historic bills into Acts of Parliament, and I can tell you that even some of the states, when they see the outcome of what you are doing today, generations unborn will remember you.

“I want to say that myself and my brother, the Speaker, we had no doubt that you came with a vision, and we were determined in parliament that nobody can thwart your mission for this country. You campaigned on the basis of changing the country, changing the perception and so there was no need for people, no matter what they said, the parliament was determined to look at the bills and find out whether indeed they were good for this country and they will benefit the vulnerable and the common man and woman in the society.”

Also speaking to newsmen after the event, Chairman of the Senate Committee on Finance, Senator Sani Musa, and his counterpart in the House of Representatives, Hon James Faleke, praised the President’s courage, especially in the face of initial resistance.

Musa likened the reform to the removal of fuel subsidy, another tough but necessary decision by the Tinubu administration.

“This isn’t about raising taxes. It’s about plugging leakages, leveraging technology, and ensuring fair contributions across all sectors,” he said, adding that state and local governments should expect increased revenue from 2026 onward.

Faleke said the National Assembly had taken its time to consult widely and harmonise over 70 disparate taxes across federal, state, and local governments.

Reacting to the development, NECA expressed support for the

new tax legislations.

Speaking in an interview with journalists at Nigeria Employers’ Summit in Abuja, yesterday, the Director General of NECA, Mr. Adewale-Smart Oyerinde, commended the federal government for enacting the law and urged it to ensure its effective and smooth implementation to achieve the desired result.

“My immediate response is, Uhuru, thank God, because we have canvassed for this for a long time. The challenges of taxes, levies and fees have been an issue for the upwards of over 10 years.

“Efficiency of tax collection has been an issue for every rational stakeholder for a long time.

“And when the Excellency came up with the Presidential Committee, we think it was a step in the right direction. And the committee did a very good job coming up with that bill, with the many controversies and unnecessary distractions that came up. At the long last, the bill is to be signed today, which we believe is the beginning of the reform,” he said.

Oyerinde also urged the federal government to be diligent in the implementation of the tax law, adding, “it’s one thing for you to come up with the bill, the main work will start when the implementation starts, because implementation will always come with its own challenges that we’re all not aware of for now”.

“But we’re happy that he’s signing it today, we’re happy that the reality for organised businesses in the context of harmonised tax, harmonised levies and harmonised fees have started. So, for us, it’s good news,” he said.

When asked the specific aspect of the tax laws that would impact businesses, Oyerinde said all four bills would play complementary roles in promoting and driving the organic growth of businesses in the country.

“So, you don’t grow from the top, you grow to promote businesses, some that affect MSMEs, some that affect SMEs, some that affect big businesses, some that affect individuals. So, it’s a chain reaction that we expect, that affects the whole economy together.”

Regarding the implementation of the law, Oyerinde said NECA and the private sector are being represented in the presidential committee and they made their inputs readily available during the enactment of the tax law.

“I can rest assured that we are much more interested in the implementation. But that is the next phase of this engagement.

“And yesterday also, during the first session of the summit, I also mentioned that we’re also going to deepen our engagement with the Federal Inland Revenue Service (FIRS). Because the FIRS is the principal agency to drive this conversation,” he said.

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NEWS

TRANOS GROUNDBREAKING CEREMONY...

L-R: Radanuwa of Idado, Sagamu, Ogun State, HRM Oba Musiliu Oriyomi Soile; Executive Director, Large Scale Enterprises, Bank of Industry, Ifeoma Uzokpala; Special Adviser to Ogun State Governor on Energy, Eng. Jide Onakoya; MD, Tranos, Mr. Jude Abalaka; MD/CEO, Coleman Wires and Cables, Mr. George Onafowokan; MD, Rural Electrification Agency of Nigeria, Mr. Abubakar Aliyu; and HRM Oba Oduayo Babatunde PHOTO: SUNDAY ADIGUN Gabriel, Aminisan of Oko, Sagamu, during the groundbreaking ceremony of Tranos held at KM 45, Lagos-Ibadan Expressway, Mowe Town, Ogun State, on Wednesday

Tinubu: War Against Illicit Drugs Must Be a National Movement Lauds Marwa, NDLEA personnel on globally acclaimed successes Marwa lists agency’s feat to include 66,085 arrests, 11.1million kg seized drugs, 12,201 convictions, 26,393 rehabilitated addicts in over four years Deji Elumoye and Michael Olugbode in Abuja President Bola Tinubu said on Thursday in Abuja that the fight against drug abuse and illicit drug trafficking in the country must be embraced by all as a national movement rather than being left for government alone.

Delivering a keynote address at the grand finale of a weeklong

programme to commemorate the 2025 World Drug Day, held at State House Conference Centre in Abuja, Tinubu declared, “Let us also be clear: this fight is not one for governments alone. It must be a national movement—driven by families, faith leaders, civil society organisations, youth groups, community leaders, businesses, and, crucially, people with lived experience. Their voices matter.

Their stories inspire. Their leadership is essential.

“At the same time, we must not ignore the deeper roots of this crisis. Drug abuse is tied to poverty, inequality, violence and conflict. To effectively tackle this problem, our approach must be comprehensive.

We must foster peace. We must promote inclusive development.

And we must uphold human rights every step of the way.”

Tinubu, who was represented by Secretary to the Government of the Federation (SGF), Senator George Akume, assured that Nigeria stood firmly with the global community in the effort to tame the scourge of drug abuse and its consequences.

According to the president, “We are committed to working hand in hand with all nations to end this menace and tame illicit trafficking of substances. Together,

WHO: 252 Million People Engage in Illicit Drug Use Globally US trains Nigeria, others on effective drug enforcement Onyebuchi Ezigbo and Michael Olugbode in Abuja The World Health Organisation (WHO) has estimated that 292 million people (5.6 percent of those between the ages of 15 and 64) used drugs in 2022.

This revelation comes as special agents from the United States Drug Enforcement Administration (DEA) move to host an advanced-level course for 35 law enforcement, prosecutors, magistrates, and training personnel from Botswana, Ghana, Nigeria, Senegal, Sierra Leone, The Gambia, and Togo.

According to the WHO, there are 64 million individuals suffering from drug use disorders.

A statement by the organisation revealed that, “In 2022, in the Eastern Mediterranean Region, an estimated 6.7 percent of the population aged between 15 and 64 years used drugs,

and more than 3.4 million people suffered from drug use disorders.”

It noted that despite the alarming levels of substance use, and the fact that investing in substance use treatment offers returns of between US$4 to $12 for every dollar spent, in 2022, only one in 11 individuals with drug use disorder globally, and one in 13 in the region, received treatment.

In the statement issued to mark the International Day Against Drug Abuse and Illicit Trafficking, WHO urged governments, health organisations, and communities across the Eastern Mediterranean Region and globally to unite in combating drug use disorders.

“Together, we can create a healthier future for all by ensuring that everyone, everywhere, has access to the care and support they need.

“The regional flagship initiative on

accelerating public health action on substance use is a call for decisive, collective action to confront one of the most pressing public health challenges of our time.

“With the right investments in sustainable, evidence-based solutions, we can significantly reduce morbidity, mortality, and the social costs associated with drug use disorders and build a more stable society.

“On International Day Against Drug Abuse and Illicit Trafficking, marked on 26 June, the WHO is highlighting the drug trade’s devastating effects on the health and well-being of populations.

“Drug use impacts security, safety, and development, costing some countries up to two percent of their GDP due to health-related expenses, crime, and lost productivity.

“Beyond its economic burden, drug use constitutes a significant public health issue, linked to a

range of health issues, including mental health conditions, hepatitis, tuberculosis, and cardiovascular diseases.

“Despite these public health implications, drug use has been overwhelmingly addressed through a law enforcement and supply restriction lens, using strategies that reinforce stigma and overlook the health dimensions of the issue.”

WHO said that in order to reduce morbidity, mortality, and the social costs associated with substance use disorders, its regional office for the Eastern Mediterranean launched the “Regional Flagship Initiative on Accelerating Public Health Action on Substance Use” in October 2024.

we can dismantle the systems that sustain this crisis.

“Together, we can build a future where prevention is strong, treatment is accessible, and recovery is not just possible, but celebrated.

There is no doubt that in the past two years, this has been the focus of the renewed hope agenda of our administration; breaking the burden of poverty, uplifting millions out of squalor and caring for the needs of the masses especially our youth population through student loans scheme and other empowerment initiatives.”

Tinubu commended “the great efforts of the NDLEA, its personnel and the leadership headed by Brigadier-General Mohamed Buba Marwa (rtd) for their globally acclaimed successes not only in the area of drug supply reduction but equally in drug demand reduction through aggressive nationwide sensitisation aimed at prevention, treatment, rehabilitation and reintegration of treated drug users back into their families and the society”.

He stated that the efforts “have not only attracted commendations from international partners and Western nations but more support and collaboration with Nigeria in the global effort to curb the scourge of substance abuse and illicit drug trafficking”.

Earlier in his welcome address,

Marwa stated that there was no better time than now for the country to take illicit drug use prevention seriously.

He stated, “The reality around us is a strong indication—a wake-up call—for us as parents, guardians and governments to step up preventive measures.

“For our nation, prevention is particularly critical, as we are already grappling with a serious challenge. Seven years ago, we came to the stark realisation that Nigeria had one of the highest drug abuse prevalence rates in the world.

“Today, with a population exceeding 230 million, it is both urgent and pragmatic to prevent new individuals from being drawn into the population of drug users.

“As parents, guardians, and leaders, we must be more vigilant and recognise that the issue of drug abuse is not distant—it is close to home. We must acknowledge that children are especially vulnerable, and we should not dismiss experimentation with illicit drugs as behaviour limited to a particular demographic.”

He said NDLEA had continued to strengthen prevention strategies while being fierce in its drug supply reduction activities, adding that addressing the socio-economic drivers of drug abuse is also crucial, as a prevention strategy.

Shettima Departs Abuja on State Visit to Ethiopia STRIDE Campaign Launches in Lagos, Honours Iyalode Tejuoso’s Entrepreneurial Legacy Sunday Ehigiator In honour of the enduring entrepreneurial legacy of the late Iyalode of Oke-Ona and Egbaland, Bisoye Tejuoso, the 1st Female Industrialist in Nigeria, the STRIDE Campaign was recently launched in Lagos to promote mental health and well-being awareness, accelerate action for gender equality whilst, honouring Nigerian women’s achievements.

The Panel discussion for the Stride campaign, themed ‘Em-

powering Change & Creating an Equitable and Just Nigeria’, embodied the spirit of women’s empowerment, recognising the vital roles women play in Nigeria’s development and how important it is for women’s empowerment and wellbeing to be crucial to a nation’s success.

The event, convened by one of Iyalode’s granddaughters, Princess Abisola Lekan-Akanbi, featured fashion showcases, a documentary on Iyalode’s legacy and inspiring discussions from experts, including

Yetunde Bankole-Bernard, Dr. Gbonjubola Abiri, Stephanie Kadiri, Maryjane Ugbaja, and Edememe Oladiji-Wusu. Awards of Excellence were presented to women who have made significant impacts in their fields.

In her remarks, Abisola Akanbi noted: “Today, we are celebrating and launching the Stride Campaign in Honour of the Late Iyalode Bisoye Tejuoso, the first Iyalode of Oke Ona Egba, the third Iyalode of Egba Land, and the first female industrialist in Nigeria.

To participate in launch of Ethiopia’s green legacy programme Will also tour key industrial zones and integrated agricultural facilities

Deji Elumoye in Abuja Vice President Kashim Shettima on Thursday departed the nation’s capital, Abuja for Addis Ababa, Ethiopia, on an official State visit at the invitation of the Prime Minister of the Federal Democratic Republic of Ethiopia, Dr. Abiy Ahmed Ali. During the visit, the Vice President, according to a release issued by his spokesperson, Stanley Nkwocha, will participate in the official launch of Ethiopia’s Green Legacy Programme, a flagship environmental initiative.

The programme designed to combat deforestation, enhance biodiversity, and mitigate the adverse effects of climate change targets the planting of 20 billion tree seedlings over a four-year period.

In line with strengthening bilateral ties in agriculture and industrial development, Shettima will also embark on a strategic tour of key industrial zones and integrated agricultural facilities across selected regions of Ethiopia.

These include the Adama Industrial Zone, Mojo Poultry Farm, Shera

Dibandiba Mojo Family Integrated Farm, Lume Avocado Nursery Site, and the Bishoftu Pea Youth Farm.

As part of the State visit, Prime Minister Ahmed will host the Vice President and his entourage to a State Dinner at the National Palace, further reinforcing the long-standing diplomatic and cooperative relations between Nigeria and Ethiopia.

Nigeria and Ethiopia share a robust history of bilateral engagement, with notable collaboration in areas of military support, regional peacekeeping, and economic partnership.

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FRIDAY JUNE 27 2025 • T H I S D AY

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NEWSXTRA

DEVELOPMENT OF AFRICA ON THEIR MINDS…

L-R: Chief Operating Officer (CEO) of Corporate Council on Africa (CCA), Hilary Lucas; Chairman of the Boulle Group, Jean-Raymond Boulle; CEO of the Corporate Council on Africa, Florie Liser; Vice President of Angola, Esperança Maria Eduardo Francisco da Costa; Chairman of CCA, John Olajide; Director of Programmes of the CCA, Biova Kabine, and Angolan Ambassador to the United States(US), Agostinho Van-Dúnem, during the US-AFRICA Business Summit in Angola…recently

Human Trafficking, Cyber Fraud: Police Apprehend Seven Suspects, Rescue 46 Victims Linus Aleke in Abuja

The Nigeria Police Force, through the INTERPOL National Central Bureau (NCB), Abuja, has apprehended no fewer than seven transnational human traffickers and cyber fraudsters and rescued 46 victims.

The police stated that the arrest followed a coordinated operation based on a message received from INTERPOL NCB Accra.

A statement by Force Spokesperson, Olumuyiwa Adejobi, an Assistant

Commissioner of Police, said that operatives of INTERPOL NCB successfully rescued 31 victims who had been trafficked from Ghana to Nigeria under the false pretence of securing employment opportunities in Europe.

The victims, Adejobi said, were lured by deceptive promises and later coerced into fraudulent internet marketing activities linked to the QNET network.

He stressed that preliminary investigations revealed that in August 2024, one Samuel

Dankwah Opoku, a Ghanaian national, was deceived by one George Tenkron, who falsely assured him of employment in Spain.

Opoku, the Force said was directed to travel to Nigeria, where he became ensnared in QNET’s fraudulent schemes.

“It was further uncovered

that the victim had paid GHC 30,000 to one Attah Amankwaah, a Ghanaian residing in Nigeria and a known member of the QNET network. This syndicate

specialises in manipulating and confining individuals into exploitative online marketing scams under duress and false obligations.

Police Arrest Monarch for Raping 12-year-old Girl in Ondo NGO demands justice for abused of 11-year-old girl in Kwara

Fidelis David in Akure Hammed Shittu in Ilorin The Ondo State Police Command has arrested a traditional ruler (Baale) of Laaagba community in Ondo East Local Government Area of the state for allegedly raping a 12-year-old girl.

Also, a leading youthfocused non-governmental organisation in Kwara State, the Brain Builders Youth Development Initiative (BBYDI), has condemned the alleged sexual abuse of an 11-year-old girl by her Arabic teacher in Ilorin, the

state capital.

THISDAY gathered that the traditional ruler whose name was given as Chief Adeniyi Ifedayo, allegedly lured the girl into his house in the community and harboured her in the house for two weeks where he sexually

harassed her.

The victim, who is currently recuperating in an undisclosed health facility in Ondo town, said she was lured to the house of the monarch by a commercial motorcycle rider in the community.

Michael Olugbode in Abuja

by the Ministry of Justice in collaboration with the National Human Rights Commission (NHRC), yesterday in Abuja, the Solicitor General of the Federation and Permanent Secretary, Ministry of Justice, Mrs. Beatrice Jedy-Agba while appreciating all stakeholders for efforts at eradicating torture in the country, said more

collaborations is needed to put a stop to the scourge.

She said: “The eradication of torture in Nigeria requires sincere collaborative efforts of all stakeholders, particularly citizens and CSOs, who play key roles in highlighting incidences of torture and advocating necessary measures to prevent and penalise such incidences.”

She added: “As you may be aware, the Federal Ministry of Justice has over the years focused on prevention of torture through creating awareness and sensitization of law enforcement organisations, and initiating reform of our legal and regulatory frameworks on torture prevention and penalisation.”

FG Distributes Free Cooking Gas Cylinders in Sokoto ‘Eradication of Torture, Needs Collaboration of All Stakeholders’ Onuminya Innocent in Sokoto

As part to curb global warming due to environmental pollution, the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, in collaboration with the Decade of Gas Initiative yesterday, flagged off the distribution of free cooking gas cylinders to approximately 250 women in Sokoto State.

Speaking at the event in Sokoto, Ekpo maintained that the distribution of cylinders is part of the government’s initiative to provide 1 million homes with access to clean cooking by the year 2030.

According to him, President Bola Tinubu approved the initiative because he was concerned about the health of his people.

He encouraged the women to transit from cooking with firewood, kerosene, and charcoal to LPG, noting that it is clean, safe, and beneficial for the environment.

Ekpo warned the women not to sell the cylinders, stating that gas would be available to them at a reduced rate.

Earlier, Governor Ahmed Aliyu of Sokoto State thanked the minister for choosing Sokoto from the North West to flag off the programme.

He expressed gratitude to President Bola Ahmed Tinubu and the Ministry of Petroleum Resources for choosing Sokoto as the venue for the programme.

He maintained that the initiative would promote the use of LPG as a cleaner and more efficient energy source.

A call has gone for collaboration of all stakeholders, including citizens and all civil society organisations (CSOs) to eradicate torture in the country.

Speaking at the 2025 Commemoration of the International Day Against Victims of Torture, organised

Drug Abuse: Attention Must Now Shift to Prevention, Says ACPN Onyebuchi Ezigbo in Abuja

The Association of Community Pharmacists of Nigeria (ACPN), has advocated urgent, coordinated, and sustained actions to combat drug abuse which has constituted a major public health menace in our country.

In his message to mark the International Day Against Drug, the National Chairman of ACPN, Ezeh Ambrose Igwekamma, said that focus should now be home prevention, education, early intervention, and rehabilitation.

“As the National Chairman of ACPN, I join millions around the world to reaffirm

our commitment to the fight against drug abuse and to call for urgent, coordinated, and sustained actions to combat this public health menace in our dear country,” he said.

Igwekamma said the theme for this year’s celebration, “The Evidence is Clear: Invest in Prevention,” resonates deeply

with our vision at the ACPN. “It reminds us that we must shift our focus from reaction to prevention. As community pharmacists—trusted, accessible healthcare providers on the frontlines—we witness firsthand the silent crisis of substance abuse in our communities, especially among our youth.”

Senate Urges FG to Immortalise Ex-Gov Adebayo, Prof. Aminu for National Service

Senate yesterday called separate motions presented by celebrated the legacy of observed a minute of silence African Church Crises: The on the federal government Deputy Senate Leader, Senator Professor Aminu, praising in honour of the deceased former Kwara Oyelola Ashiru, and Senator his immense impact on and resolved to send official Primate Slams Rebels toStateimmortalise Governor, late Cornelius Abass Iya, during plenary.

Nigeria’s educational sector delegations to condole with

Mary Nnah

The African Church is reeling from a deep-seated crisis, with the Primate, His Eminence Julius Osayande Olayinka Abbe, at the centre of the storm. However, Primate Abbe has slammed suspected rebels within the church, dismissing their claims and accusing them of power-hungry ambitions.

At a press conference convened at The African Church Model College, Ifako-Ijaiye, Lagos last Tuesday, Primate Abbe shed light on the ongoing crisis and the decisive actions taken to address it, revealing a church torn apart by internal power struggles and rebellion.

According to Abbe, “The crisis began with a group of individuals,

including high-ranking officials, who refused to accept the outcome of the 2018 Conference election.

Despite being defeated in a vote, they have continued to cause trouble and disrupt the peace within the church. “It’s a battle.

There are forces within the church that do not want the church to survive or evolve. They don’t want the church, the gospel of Christ, to be beneficial to others.”

The Primate declared: “We urge the public to understand that these brethren are not motivated by concerns for Church planting, doctrine, or evangelism. Their sole focus is on securing offices, titles, and authority within the church, neglecting spiritual programmes and often engaging in unbecoming behaviour.”

Adebayo, and former Minister of Education, late Professor Jibril Aminu, in recognition of their outstanding contributions to national development.

This resolution followed the unanimous adoption of two

While leading the debate, Senator Ashiru paid glowing tributes to Adebayo, describing him as a principled leader whose service to the nation stood as a beacon of integrity and patriotism.

On his part, Senator Iya

and diplomacy.

In its prayers, the Senate urged the federal government to name national monuments or institutions after both men, to ensure their legacies endure for future generations.

The lawmakers also

their respective families.

Both Adebayo and Aminu were widely regarded as elder statesmen, with decades of public service that left indelible marks on Nigeria’s political and educational landscape.

Rotary International District 9111 Inaugurates Sickle Cell Disease Centre

Rotary International District 9111 is set to inaugurate Sickle Cell Disease Centre at the State General Hospital, Ota, Ogun State, tomorrow, June 28, 2025.

Rotary International District 9111 District Governor, Rotarian Dr Oluwole Kukoyi, disclosed that “the ultra modern Sickle Cell Disease Centre facility is poised to cater for and revolutionise care for

individuals living with sickle cell disorder in Nigeria and beyond.”

According to Kukoyi, “This Star project is a beacon of Rotary’s compassion and global reach. With the Sickle Cell Disease Centre, we have provided hope and succor for families affected by this condition.”

Also speaking on the development, the District’s Fundraising Committee Chair,

Rotarian Bamidele Onalaja, stated that the facility was built by donations for Rotarians in District 9111 and fully equipped with state of the art medical equipments by Global Grant from The Rotary Foundation (TRF).”

Onalaja added:“The inauguration will be graced by Honourable Commissioner for Health Ogun State, Dr. Tomi

Coker, as Chief Host, ably led by the District Governor Rtn. Dr. Oluwole Kukoyi and other Rotary leaders.”

Onalaja further noted that “the facility is expected to serve as a critical healthcare hub for diagnosis, treatment, education, and support services for sickle cell patients in Ogun State and beyond.”

15

FRIDAY JUNE 27 2025 • T H I S D AY

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Born Born B orn 10 0th April Ap p10ril April 1954 195 541954 (Aged 70 Years) th

With Immense gratitude to God and in complete submission to His call, the Nwakuche Family of Oguta Imo state announce the death of our beloved Inlaw, Grandfather and Father Mr Stephen Nloghali Nwokolo of Uruokokwu Oba, Anambra State.

FUNERAL ARRANGEMENTS: WAKE KEEP: May 30th 2025 VENUE: Obi Oba Okota, 14/16 Agabiaka Street, GKS Bus Stop off Ago Palace Way Okota. TIME: 12 NOON SERVICE OF SONGS: Thursday June 26th VENUE: His Compound in Oba TIME: 7:00PM BURIAL: JUNE 27TH 2025.

Body Leaves Ukwu Achala Mortuary to his compound at Uruokokwu Oba for Lying in State

CHURCH FUNERAL SERVICE Tine: 11:00am VENUE: Church of Pentecost, Uruokokwu.

RECEPTION: Merchant of Light School, Oba Anambra State.

THANKSGIVING SERVICE: June 29th 2025.

VENUE: Church of Pentecost Anglican church Oba. TIME: 9:00am

Ekene - Ollie-Anya, Ifeyinwa, Kanye, Kamfu and Kamfe Nwakuche

16

FRIDAY, JUNE 27, 2025 ˾ THISDAY

TRIBUTE Hashim At 56 a Life of Activism, Politics, Service

By Imoukhuede Ahonkhai

A

t 56 , life goes on for the activist, politician, businessman and philantropist, who has served society through many humane platforms.

His birthday, no doubt, is a celebration of a worthwhile existence, industry, power of investment, diligence and resilience, and the art of giving, which enables him to make great impact on humanity through the extention of goodwill and duty of care to fellow human beings.

These virtues have endeared Gbenga OlawepoHashim to many people beyond the shores of Nigeria.

During his 55th birthday last year in Barcelona,Spain, a preserved personal letter of the late President Nelson Mandela of South Africa, bought at an auction, was presented to him.

The letter invoked the memory of a contributor to the icon’s efforts at mobilising youths for a greater future in the former apartheid enclave,the letter was written in 1997.

The letter purchased at the Auction by Dr Gbenga Hashim’s friends also Mirrors his contribution to give young people a better life through education .He gave out achilarships to many as he has also empowered thousands with his digital training skills.

In 2003 Gbenga Olawepo-Hashim supported the resettlement of Liberian students in Ghana by supporting the All African Students initiative with thousands of Euros .For this and for more he was honoured with the Kwame Nkrumah leadership Award.

He was an anti-apartheid activist, an involvement that led him and three other student leaders of the university to the detention in the over-crowded Police cell in Lagos.

That was in 1987 after an anti-apartheid protest.

He was again detained in September 1989 in Solitary confinement under the Security Detention of Persons Decree 2.His case and that of his colleague- Gbenga Komolafe and Gbenga Olawepo Vs Attorney General of the Federation because landmark case on Decree 2 as the Hon Justice Tajudeen Odunowo assumed Jurisdiction in Security Detention of Persons case for the first time in Nigeria.

The university authorities later seized his certificate for five years when he gratuated. He had to depend on his skills to survive. Ironically, when civil rule was restored in 1999, and he became a member of the then ruling Peoples Democratic Party (PDP), his push for more democratic reforms along with other compatriots met a brickwall.

However, Olawepo-Hashim has built a reputation for greatness in the private sector and the polity, where he had canvassed an alternative route to national recovery, based on altruism and patriotism.

Ploughing back to society has been a pastime for the entrepreneur. The targets of the Gbenga Hashim Foundation are the needy in the society. Beneficiaries can testify to the Small and Medium Enterprises

Hashim (SMEs) loan in Kwara State and Abuja, the Federal Capital Territory (FCT). the drainages that were constructed and the roads that were graded and riads tarred .

Olawepo-Hashim is a Global Energy Executive, former presidential candidate and founding Deputy National Publicity Secretary of the PDP. He is chairman of Oilworld Ltd., operator of OPL 241 in the continental shelf of Nigeria as well as chairman Transnational Energy Limited, Farmee of Hely Creek and Abigborodo fields on OML 49. He is chairman of Bresson A.S. Limited, owners of the 90mw Magboro Independent Power Producing (IPP) project. He is generally acknowledged as principled and courageous.

Olawepo-Hashim started exhibiting leadership qualities from his elementary and secondary school days. In Cherubim and Seraphim College, Ilorin, he was appointed Health Prefect. He was also elected President of the Dramatic Society. At the School of Basic Studies, he was elected General Secretary of the Anti-Apartheid Association, Youth Solidarity on Southern Africa. In 1988, he was elected one of the leaders of the National Association of Nigeria Students (NANS).

He was incarcerated under the Detention of Persons Decree 2 of 1984 (as amended in 1989), as a result of his leadership role in 1989 Anti-SAP protests, and his Pro-Democracy activities. The Amnesty International adopted him Prisoner of conscience for Nigeria in 1989.

He was also a notable pro-democracy figure in the then Global pro-democracy resistance of the late ‘80s and a respected youth leadership voice from Africa.

He played prominent role in the 13th International Festival of Youths and Students in 1989 in Pyongyang North Korea. He participated in the International Peace Trek at the Demarcation line between North and South Korea in July 1989.

In 1990, Olawepo-Hashim became the National Administrative Secretary of the National Consultative Forum, led by the indefatigable patriot and democrat extraordinaire, former President of the Nigerian Bar Association, Mr. Alao Aka Bashorun. The group had in its fold, the technocratic group led by Alhaji Danshida, Tayo Akpata, Philip Asiodu, etc. It also had a political group led by former Zikist activist, including Chief Kola Balogun and others like, Chief RBK Okafor, Mahmud Waziri and Alhaji Tanko Yakasai.

The group was the first to advocate for devolution of power and the convocation of a national conference under the military rule.

Born in Yelwa, Yauri, Kebbi State by a Yoruba mother to a Hausa father, Olawepo-Hashim spent his early years in New-Bussa, Niger State and was raised in the family of his step-father. A Christian, he attended NEPA Junior Staff School, New Bussa; Cherubim and Seraphim College, Ilorin; School of Basic Studies, Ilorin; University of Lagos and University of Buckingham, United Kingdom, where he obtained a Masters Degree in Global Affairs and was best student in his cohort, securing the Max Bellof Prize for Global Affairs. He was also the first student to obtain a distinction in the department course – History of the international systems.

In a letter of commendation to Gbenga on the Max Bellof prize he won, the chairman of the International Studies Degree Programmes, M.J.M. Crostie wrote: “It is always pleasant to dwell on success and you should make a point of mentioning the prize in your curriculum vitae because it is this sort of distinction that will set you apart from other candidates.” He has also received training in International Petroleum Management at the International Human Resources Development Centre – Boston Massachuset, United States.

His mentors in partisan politics were the late Chief Solomon Lar and Alhaji Abubakar Rimi. He had at a time functioned as the National Publicity Secretary of the National Democratic Party, under the joint chairmanship of Ambassador Jolly Tanko Yusuf and Alhaji Yunusa Kaltungo. In 1998, working closely under the supervision of Professor Jerry Gana (Secretary), Olawepo-Hashim and two other young political leaders - the late Senator Dahiru Ahwesu Khuta (Administration) and Dubem Onyia (Organization) helped in the years of the G-34 initiative for the formation of political parties at the group’s secretariat.

After the election of President Olusegun Obasanjo in 1999, in the intervening transitional period, OlawepoHashim served as member/Secretary Youth and

Women Development Sub-Committee of the General T.Y. Danjuma Policy Advisory Committee with Late Hajia Laila Dogonyaro as chairman of the Youth and Women Sub-committee.

In 1999, he was elected as the first Deputy National Publicity Secretary of the then ruling Party, Peoples Democratic Party (PDP). He was a highly influential national officer and became the founding chairman of the Group of 54 NEC members. The group had His Excellency, Dr. Chris Ngige as Secretary and Alhaji Ahmed Gusau, former Minister of Mines, as Deputy chairman.

He was known for his commitment to the principle of internal democracy in the party, transparency and good governance. As a national officer, he spoke truth to power then at great risks.

On Olawepo-Hashim’s courage, deep patriotism, and selflessness, the late Chief Ojo Maduekwe, former Nigerian Foreign affairs Minister and Nigerian High Commissioner to Canada, said at a reception in 2005:“The lives of people like Gbenga should inspire us to speak well of ourselves. Olawepo-Hashim is an inner driven person, not afraid to stand alone, not afraid to be unpopular, not afraid to hold a view. “ A man who is inner driven, listens to the music of his own universe, listens to the applause of the spirit inside that have etched out an horizon, which he must conquer and moving in that direction; he takes the lead and others follow. Who can see the horizon with him, of such is the stuff of history, of such is the stuff of greatness.”

Olawepo-Hashim was appointed in 2003 as a member of the Political Advisory Committee to the President (In the office of the Political Adviser.)

He resigned from PDP in 2006. He was one of the founders of the Democratic People’s Party(DPP).He was a member of the party’s national caucus and governorship candidate Kwara State in 2007 election.

The DPP did well in Kwara in 2007 as well as in Delta, Sokoto and Plateau States.

A bridge builder and completely detribalised, charismatic and excellent negotiator, Olawepo-Hashim’ experience and deep roots in popular organisation’s and the broad political sphere will be useful in formulating a national consensus for Nigeria and Unity at a time of great division. His understanding of political economy and the global architecture of international finance will also be invaluable for an economy that desperately needs growth and development and a people that urgently need prosperity.

Olawepo-Hashim has many honours, including The Kwame Nkrumah African Leadership Award conferred by the continental student body – All African Student Union, at Accra Ghana in 2003; The Veteran Award-in 2005 by the International Union of Students and World Federation of Democratic Youths, (WFDY). He has also received the 2000 Nigerian Union of Journalist Award for Professional Excellence. He is a fellow of the Institute of Corporate Administration. r"IPOLIBJ JT B -BHPT CBTFE IVNBO SJHIUT BDUJWJTU

PERSPECTIVE

Ensuring Service Delivery with Assets Recovery, Olukoyede’s Example

By Tony Egbulefu

E

nsuring that recovered funds and other assets are not rechanneled into private use or mismanaged by beneficiary entities is a challenge that the Executive Chairman of Economics and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede is confronting with singlehandedness. Achieving this goal falls well within the policy objectives of his administration, which he evolved right upon assumption of office in October 2023.

All too often, funds recovered from corrupt individuals and entities would simply redisappear once they are returned to the state or its establishments. This ugly circle is nourished by lack of robust monitoring mechanisms on how these monies are reapplied.

Seeing to it that recovered assets are deployed for public good is the terminal of EFCC’s asset recovery efforts under Olukoyede, knowing that the assets can be looted again at just the very point he took his eyes off the ball.

By maintaining such vigilance, robust oversight and accountability measures, the EFCC chairman seeks to guarantee that the hard-won resources are channeled towards public services, infrastructure development, social programmes, and other initiatives that uplift people and communities.

The implementation of systems that track the application of recovered funds and subjecting their use to scrutiny generally involves

regular and detailed reporting and disclosure by individuals and entities as well as audits by the Commission.

Under Olukoyede, these measures are observed to the letter between the EFCC and benefactor entities of the Commission’s asset recovery efforts. This, for starters, has been the rule of engagement between the Niger Delta Development Commission, NDDC and the EFCC in the past one and half years, following a massive recovery of looted funds and their handover to the NDDC by the Commission.

A strict oversight by the EFCC on the applications of the recovered funds by the Samuel Ogbuku leadership of the NDDC, ensured that they were put into the execution of projects, needful to the people. The transparency and accountability contents in the projects’ implementation, earned them Olukoyede’s presence for good measure at their commissioning in Bayelsa State, few days ago.

Though not strictly within the mandate of the Chairman to commission projects, he declared at the event that his participation was a demonstration of the fact that “we can make anti-corruption work in Nigeria.”

By way of reporting to the Commission, Olukoyede disclosed at the event in Otuokpoti, Ogbia Local Government Area of Bayelsa State that the NDDC Managing Director, always filled him in on the progress of the projects.

“Sam always called me, saying we are at this stage of completion of this project. We have

attained this milestone, we have attained this level,” he said. Speaking further, Olukoyede said, “We have had many NDDC MDs in the past but I tell you this is a product of the leadership of our President, Asiwaju Bola Ahmed Tinubu. Under this President, NDDC is working. Under this President, good governance is being delivered. Under this President, anti corruption is working. For the first time in the history of this country we recovered the biggest real estate, being a product of crime in Nigeria. As a matter of fact, it’s a world record. The essence of the fight against corruption is not to jail people.

It is for it to impact the lives of Nigerians.

So it is my delight, my joy to be part of the transformational agenda of the NDDC. To be part of this life-transforming projects to the people of Niger Delta, people of Bayelsa State, people of Ogbia Local Government area of Bayelsa and particularly to the people of Otuokpoti. Could you have imagined somebody like me coming to sit down with the MD of NDDC, three or four years ago? It wouldn’t have been a possibility,” he said.

Shedding more light on why he zealously guard recovered assets and ensure their deployment for the good of the people on Wednesday, June 18, 2025 in Kachia, Southern Kaduna, he delightfully announced that the money the EFCC recovered for NDDC “was used specifically for those projects,” adding that “the EFCC monitored their execution and they were delivered within one and a half

years. So I had to go to Bayelsa to commission the projects to prove to Nigerians that this is the benefit of the fight against corruption in Nigeria. That this is proceeds of crime that was applied for the benefit of the people. That is the message we are trying to put across.”

Olukoyede had gone to Kachia to inspect the Federal University of Applied Sciences.

The school, formerly Nok University was finally forfeited to the federal government on Friday, June 7, 2024 on the orders of Justice Joyce Abdulmalik of the Federal High Court, sitting in Abuja, following an application for a final forfeiture of the university by the EFCC, pursuant to Section 17 of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and Section 44(2) of the 1999 Constitution of the Federal Republic of Nigeria.

Having earlier secured an interim forfeiture of the school, the Commission filed for the final forfeiture order after diligently establishing that the owner, one Anthony Hassan, a former Director of Finance and Accounts in the Federal Ministry of Health, established it with proceeds of unlawful activities. Physical assets of the forfeited school include a Senate building, ICT building, Faculty of Medicine building, Science Deanery building, two academic buildings , a Faculty Hall and others.

Upon the formal takeover of the university on February 12, 2025, the federal government renamed it Federal University of Applied Sciences, Kachia.

Addressing dignitaries, community

leaders, and stakeholders at the premises of the university, Olukoyede stated that the inspection visit was in reinforcement of the transparency and accountability of President Tinubu’s administration, and reaffirmed that the EFCC will continue to ensure that recovered assets will not only be safe-guarded but utilized for the benefit of the people.

“Good governance is a possibility in Nigeria.

The President has provided leadership. He has given the marching order. Recovered assets will not be allowed to be looted again because Nigerians deserve to enjoy the benefits of recovered proceeds of crime. The essence of government and the essence of the fight against corruption is not for us to recover, only for some people to reloot. This property has been delivered and given back to the people and we will always ensure that recovered assets are deployed for public good.

“What we are seeing here is an edifice. Most universities in Nigeria don’t have these types of facilities. So, my advice is that we need to take this as our own, protect it, preserve it, so that generations after us will benefit from it. Under this regime, good governance is a reality. We are showing Nigerians real proof.

My visit is to confirm that the property has been deployed for the exact purpose the President approved.” r"$& 5POZ &HCVMFGV JT PG UIF .FEJB BOE 1VCMJDJUZ 6OJU PG UIF &'$$

17

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T H I S D AY ˾ FRIDAY JUNE 27, 2025

POLITICS

Acting Group Politics Editor DEJI ELUMOYE Email: deji.elumoye@thisdaylive.com 08033025611 SMS ONLY

DHQ Prioritises Non-kinetic Approach to Countering Violent Extremism Linus Aleke writes that implementing strategies that focus on winning hearts and minds through nonkinetic means will address the root causes of terrorism, banditry, kidnapping and other emerging security threats, and promote sustainable peace and national security.

T

he Defence Headquarters (DHQ) is prioritising a non-kinetic approach to countering violent extremism, focusing on winning the hearts and minds of the populace.

This strategic shift underscores the recognition that military action alone is insufficient to address the complex drivers of insurgency and terrorism. By engaging local communities, promoting social cohesion and addressing the root causes of radicalisation, the military aims to build trust and foster a collaborative environment that supports sustainable peace and security.

This approach aligns with global best practices in counter-terrorism, where the importance of soft power and communitycentric strategies is increasingly acknowledged. Through this initiative, the Nigerian military demonstrates its commitment to a holistic approach to security, one that balances military strength with social understanding and community engagement.

It is on this premise that the Defence Headquarters (DHQ) Department of CivilMilitary Relations organised the Maiden Annual Defence Headquarters Civil-Military Relations Conference to chart a way forward in dismantling the strongly held negative perception about the Nigerian military.

This will set the stage for robust civilmilitary engagement, leading to winning the hearts and minds of the civilian populace, who will contribute their quota to the nation’s counter-insurgency effort by willingly cooperating with troops in intelligence sharing.

With credible and actionable intelligence from the masses, the ongoing terror war will be half won, as terrorist, bandit and kidnap kingpins will be taken out and their terror networks dismantled. This will pave the way for farmers in local communities to return to their farms without fear of terror attacks, guaranteeing food security, better nutrition, an improved standard of living and, above all, peace and tranquility, economic growth and sustainable development.

Speaking at the conference, the Chief of Defence Staff (CDS), General Christopher Musa, ordered military commanders to protect communities within their areas of responsibility to build trust and reverse the negative perception that the Nigerian military is an occupying force. General Musa stated that historically, the relationship between the Armed Forces of Nigeria and the civilian population has, at times, been characterised by suspicion, fear, and mistrust. The CDS stressed that this unfortunate legacy has often hampered the ability to effectively work together, particularly in times of crisis or national emergency.

He said, “The military has been seen not as a partner in progress, but as an occupying force, alien to the people it is meant to serve and protect. Today, we must acknowledge that perception and commit ourselves to changing it. The reality is that the Armed Forces of Nigeria is a constitutionally established institution, deeply rooted in democratic principles and accountable to the Nigerian people.”

The mandate of the military, he explained, is to safeguard the territorial integrity of the country and support civil authority in ensuring peace, stability, and development.

He posited that the overarching goal of the conference is to win the hearts and minds of citizens and shift from a purely kinetic, force-based approach to one that prioritises trust-building, respect for human rights, and community partnership.

He stated that the theme of the conference, “Winning Hearts and Minds: Non-Kinetic Approaches to National Security,” encapsulates this new direction, stressing that it challenges the military to think beyond

In his keynote address, Minister of Information and National Orientation, Mohammed Idris, applauded the leadership of the Armed Forces of Nigeria for recognising the urgent need to bridge the widening gap between the military and the civilians they are sworn to protect. Represented by the Permanent Secretary of the Ministry, Mr Ogbodo Nnam, the Minister stressed that the conference was not just timely but essential. He stated that the conference was a recognition that the military’s effectiveness and efficiency depend on the full ownership and participation of all Nigerians. According to him, “The reality we face today is uncomfortable but undeniable: a trust deficit exists between the military and many segments of the Nigerian population.

Civilians, in some quarters, perceive the Armed Forces not as partners in peace but as a force of aggression, brutal, offensive and distant. This perception, whether based on history, misinformation or isolated incidents, poses a grave threat to national unity and stability. Yet, let us remember that the Armed Forces of Nigeria are not a foreign entity.

They are not a detached machinery. They are a national institution, owned, funded and mandated by the Government of the Federal Republic of Nigeria, on behalf of every Nigerian citizen. In truth, the Armed Forces belong to the people.” weapons and warfare.

“It calls us to invest in human security, to build resilient communities, and to reinforce

the idea that every Nigerian, whether in uniform or not, has a stake in the peace and prosperity of our great nation,” he said.

NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

Anambra Guber: How Nwosu’s ADC is Tilting Balance of Victory Olise Mabuechi writes that the candidate of the African Democratic Congress for the November 8, 2025 gubernatorial poll in Anambra State, John Nwosu, stands out among the four leading candidates itching to govern the state.

W

eeks after the Independent National Electoral Commission (INEC) released the final list of candidates for the November 8, 2025 Anambra governorship election, the serious political parties participating in the contest have rolled out their campaign machineries.

Although the incumbent All Progressives Grand Alliance (APGA), is yet to hit the towns and communities in the state, the popular sentiment is that six contenders, including All Progressives Congress (APC), Labour Party (LP), African Democratic Congress (ADC), Young Progressives Party and Peoples Democratic Party (PDP) will define the race.

Among these six top contenders, residents maintain that they are looking forward to a three horse race, giving the challenges in some of the frontline parties, particularly PDP and LP which are embroiled in leadership crisis at the national leadership levels.

Then, two others, namely APGA and APC, are contending with internal contradictions, including accusations and high-handedness and poor reputation outlook. This observed scenario has put some shine on the remaining two political platforms, which are parading fresh faces in the governorship contest of the state.

The initial permutation, which placed APGA, APC and LP as frontrunners has been significantly altered by the emergence of John Chuma Nwosu (JCN) as the candidate of the African Democratic Congress (ADC).

Anambra voters are saying that Nwosu shares a lot in common with Mr Peter Obi, the LP presidential candidate in the 2023 general

elections, remarking that apart from parading the same charming looks, charismatic posture and trajectory in Anambra politics, Nwosu insists on transparency and accountability in leadership.

For instance, like Obi did in 2003, Nwosu appeared as a little known figure in Anambra politics about four years ago, only to make himself relevant within a very short period, by earning an appointment into the LP presidential campaign council. He was one of the favourites for the LP governorship ticket, but later pulled out of the primary election, when factionalisation broke out in the national leadership of the party.

In his determined resolve to pursue his ambition to govern Anambra State and change

the narratives of governance, Nwosu resigned from the crisis-ridden LP and joined the ADC, a party that has been gaining prominence as the preferred choice of the emerging opposition coalition in the country. Incidentally, Obi is also associated with the coalition talks.

And, following the voluntary withdrawal of Patrick Obianyo as the party’s governorship candidate, ADC conducted a fresh congress, where the members, through a voice vote, unanimously adopted Nwosu as the standard bearer in line with Section 33 of the Electoral Act 2022. That legal position empowered political parties to replace candidates who voluntarily withdrew from further participation after their emergence.

To keen observers of political events in Anambra State, Nwosu’s emergence as the ADC candidate marked a milestone in the quest for a generational shift from the old to the new breed in the governance of the state.

So, unlike the three other frontrunners who are veterans, Nwosu contested for the first time in 2021, when he vied for the APGA ticket, but lost to Soludo.

Recall that Soludo contested for the first time in 2010 under the platform of the Peoples Democratic Party (PDP), but came a distant third behind the eventual winner, Peter Obi, then of APGA and the first runner-up, Chris Ngige of the Action Congress of Nigeria (ACN).

-Mabuechi writes from Awka, Anambra State capital.

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FRIDAY JUNE 27 2025 • T H I S D AY

IMAGES

19

Photo Editor Abiodun Ajala Email abiodun.ajala@thisdaylive.com

L-R: Arise News Finance Director and Lagos Information and Branding Director, Information Systems Audit and Association (ISACA), Dr. Nduka Moseri; Arise News Media Director of Engagement and Liaison, Mr. Joseph Usighale; President, ISACA, Lagos chapter, Mr. Justus Osuji; Certification and Membership Director, ISACA, Michael Ojih; Lagos Marketing Director, ISACA, Obiageli Chiaghanam; Arise News Director of News, Mr. Yemi Ajayi; and Assistant Secretary, ISACA, Lagos chapter, Mr. Okechukwu Maha, when ISACA Lagos chapter Board of Directors visited ARISE News in Lagos… recently

Director-General, National Youth Service Corps (NYSC), Brigadier-General Olakunle Nafiu (left), presenting a souvenir to the Rivers State Sole Administrator, Vice Admiral Ibok-Ete Ekwe Ibas, during General Nafiu’s advocacy visit to the Government House in Port Harcourt… recently

L-R: Deputy Vice Chancellor, Academics, Lagos State University, Professor Oseni Afisi; Chief Executive Officer, iCentra and PMI Person of the Year, Taopheek Babayeju; and acting Head of Department (HoD), Physics Department, LASU, Dr. Oluwafunmilayo Ometan, during the Inspiring Excellence Tour/Homecoming and Endowment programme by Babayeju at the Lagos State University, Ojo… recently

L-R: Group Head, Communications and Partnerships, NGX Group, Clifford Akpolo; Group Chief Finance, Investment and Strategy Officer, NGX Group, Adebayo Opatade; Permanent Secretary, Lagos State Health District IV, Dr. Abimbola Bolawale; and Executive Director, Health Emergency Initiative (HEI), Paschal Achunine, during a strategic engagement focused on advancing NGX Group’s community health and development efforts in Lagos… recently

L -R: National Economist, United Nations (UN) Women Nigeria, Dr. Chukwuemeka Onyimadu; UN Women Country Representative to Nigeria, Beatrice Eyong; Executive Director, MTN Foundation, Odunayo Sanya; National Consultant, Private Sector Partnerships, UN Women Nigeria, Hansatu Adegbite; and Senior Manager, Programme Implementation, MTN Foundation, Edward Fagbohun, during the presentation of the plaque signifying UN Women Nigeria’s recognition of MTN Foundation’s contribution to women empowerment in the country… recently

L-R: Marketing Director, VISA West Africa, Oluwaseun Adaramola; winners of the VISA x Chipper Kenya Trip, Gbemi Dennis, Chiamaka Nwokedi, and Henry Uduku; and Vice President and Head of VISA West Africa, Mr. Andrew Uaboi, at the prize presentation held at the VISA Nigerian office in Lagos… recently

1

T H I S D AY FRIDAY JUNE 27, 2025 20

Friday, June 27 , 2025 Vol 27. No 10514

opinion@thisdaylive.com

www.thisdaylive.com

DRIVING COMPETITIVENESS THROUGH INFRASTRUCTURE The goal of Oborevwori’s infrastructure drive is to stimulate the local economy, contends ADAEZE EMMANUEL

See page 21 See page 21

THE NIGERIAN POLICE OFFICER AND HIS SHOES The officers and men of the Police Force should be well-provided for, argues JOSHUA J. OMOJUWA

See page 21 EDITORIAL

ON DRUG ABUSE AND ILLICIT TRAFFICKING

22

OMOTARA L.E. FAGBUYI urges the Lagos State government to invest in proactive emergency preparedness

LAGOS AND THE BENUE VIOLENCE Lagos, a city of more than 20 million people, is the nerve centre of Nigeria’s commerce and culture. Its establishment as a separate state in 1967 gave it a dedicated administrative framework and laid the foundation for the mega-metropolis that now drives much of West Africa’s economy. Behind Lagos’s coastal glamour, however, lies a less visible dependence on inland roads and farms and crises hundreds of kilometres away can quickly expose how closely this Atlantic city is tied to the regions that stock its markets.

Between June 13 and 15, 2025, marauding gunmen stormed Yelewata and neighbouring villages in Benue, Nigeria’s ‘food basket’. About two hundred residents were killed, farmlands and barns were incinerated, and thousands ÁHG IURP WKHLU KRPHV $ UHVLGHQW 6KLQNX Moses lamented ‘I lost eight persons, brothers, wives and children’. The carnage was Benue’s worst since 2018 and is fresh proof that bullets ÀUHG XS FRXQWU\ ULFRFKHW LQWR WKH ZDOOHWV RI Lagosians, because within 48 hours, the shock from the attacks had reached markets in the VRXWK SDUWLFXODUO\ /DJRV 6WDWH $ 1LJHULDQ EDVHG ÀQDQFLDO QHZV GLJLWDO platform, Nairametrics’ June survey recorded that staple food prices in major markets including Mushin, Mile 12, Oyingbo, and 'DOHNR PDUNHWV KDG LQFUHDVHG E\ RYHU ÀIWHHQ per cent. One trader complained, “We are seeing transport fares double because of fuel hikes and road issues, especially coming from WKH QRUWK ,W·V DͿHFWLQJ HYHU\WKLQJµ ,Q MXVW hours, prices of dry onions had skyrocketed from N85,000 to N100, 000, a 17.65 percent jump. Market stakeholders blame the hike on several reasons including seasonal scarcity, road LQVHFXULW\ DQG DERYH DOO WKH VLJQLÀFDQW FULVLV in states where the bulk of food commodity is sourced including the recent attack in Benue 6WDWH 7KLV VXJJHVWV WKDW WKRXJK /DJRV PD\ EH far removed from Benue in physical distance, it is not immune from the economic shock waves occasioned by the incessant insecurity incidents in the North. %HQXH 6WDWH VXSSOLHV RYHU SHUFHQW RI Nigeria’s soybeans and hosts some of the largest food markets in Nigeria. Zaki-Biam for instance, often described as the world’s largest open-air yam market, loads about over 200 truckloads of tubers daily, alongside other staple food products including rice, citrus and cassava which are deployed all over the country, especially to the south. Yet, insecurity is squeezing this bounty as a recent risk study show that every one-percent rise in local violence in Benue’s crop output fall by 0.21 percent and livestock output by 0.31 per cent.

In a country already grappling with a national IRRG LQÁDWLRQ RI SHUFHQW Year - on-year, each additional percentage point adds roughly N55 billion to household food budgets and a painful blow on about 133 million Nigerians who currently live in multidimensional poverty. Even in relatively prosperous Lagos, where residents already spend more than 40 per cent of income on food, QR RQH LV LQVXODWHG IURP WKH ULSSOH HͿHFW RI HVFDODWLQJ IRRG LQVHFXULW\ LQ %HQXH 6WDWH This chronic insecurity is costing far more WKDQ PRQH\ LW LV FRVWLQJ OLYHV %HQXH 6WDWH

University Teaching Hospital overwhelmed by casualties from the Yelewata raid ran out of blood and issued an urgent appeal for blood donations. In the same vein, damaged boreholes vandalised during the attack forced survivors to draw from rivers and unprotected wells which are ideal breeding grounds for FKROHUD /DJRV 6WDWH LWVHOI H[SHULHQFHG D FKROHUD outbreak in June 2024, after 324 suspected cases were reported within six days. Meanwhile, The United Nations Children’s Fund (UNICEF) warns that recurrent cholera epidemics across Nigeria pose substantial health risks especially for children.

Indeed, women, children and older people are often hit the hardest in most crises. In Nigeria, women form the backbone of the trading ecosystem, about 70 percent live and work in rural communities and roughly three quarters run the petty trade stalls that keep local markets alive. When violence such as the UHFHQW DWWDFNV LQ %HQXH 6WDWH GHVWUR\V KDUYHVW and freezes commerce, these women traders and their families who are already living on thin margins, confront new layers of hardship and poverty. Under such strain, the sudden ORVV RI FDVK ÁRZ TXLFNO\ FDVFDGHV LQWR KXQJHU school dropouts and domestic abuse. In May 2025 alone, the National Human Rights Commission’s dashboard recorded 3,361 cases of domestic violence and 1,152 sexualviolence incidents nationwide while the United Nations Population Fund estimates that 1.7 million Nigerian women now require urgent reproductive health care.

Migration and the subject of population management present another pressing concern.

While Nigerians have always drifted to greener pastures especially to booming cities like /DJRV WRGD\·V ÁRZ LV OHVV GULYHQ E\ DVSLUDWLRQ It is more often a matter of survival, turbocharged by violent attacks, chronic unrest and a bruised economic shock. For instance, the recent displacement numbers recorded by the National Emergency Management Agency (NEMA) counts more than six thousand people from the current Benue assault, while the International Organisation for Migration’s (IOM) April assessment puts the total number of internally displaced people in North Central and NorthWest Nigeria at 1.3 million, with 38 per cent of them from Benue. Many of these individuals typically head south, drawn to Lagos and lured by the promise of work or the hope of shelter

with distant relatives, yet a heartbreaking proportion often end their journey sleeping under the bridges or squeezed into the city’s sprawling slums.

Geography is destiny only when it is properly insured. Lagos thrives by harnessing the opportunities that chance and shoreline handed it, but that same openness leaves the city exposed to the tremors from the hinterlands. Its GLVWLQFW FRVPRSROLWDQ FRQÀGHQFH VR GLͿHUHQW from up-country states, can become a seductive illusion that breeds a false sense of security.

-XVW OLNH WKH JXQÀUH WKDW HFKRHG DFURVV Yelewata recently reverberated through major PDUNHWV LQ /DJRV 6WDWH E\ 0RQGD\ PRUQLQJ LI XQFKDOOHQJHG ZLOO ÀQG LWV ZD\ LQWR WKH KRVSLWDO URRPV LQÁDWLRQ FKDUWV DQG FULPH EULHÀQJV across Nigeria’s commercial capital. Treating up- country mayhem as someone else’s tragedy LV D OX[XU\ WKH FLW\ FDQ QR ORQJHU DͿRUG :KDW then, needs to be done? I think three modest reforms can potentially narrow the gap between ZDUQLQJ DQG UHVSRQVH )LUVW /DJRV 6WDWH (PHUJHQF\ 0DQDJHPHQW $JHQF\ /$6(0$ could adopt a pre-cleared alert protocol that UROOV RXW ORFDOLVHG DQG YHULÀHG XSGDWHV RQ XS country crises within minutes. The agency DOUHDG\ LVVXHV ÁRRG ZDUQLQJV WKURXJK WKH V\VWHPV DQG GUDZV RQ WKH /DJRV 6WDWH 5HVLGHQWV 5HJLVWUDWLRQ $JHQF\·V /$655$ database, so the infrastructure is largely in SODFH 6HFRQG WKH VWDWH QHHGV WR DVVHPEOH D north-to-south risk tracking dashboard that stitches together daily police reports, real-time commodity prices and weekly displacement snapshots. With this intelligence, Lagos can pre-position food reserves, beef-up transport policing and subsidise haulage in markets before panic-fuelled prices spike set in. National Emergency Management Agency (NEMA) multi-state hub could potentially supply much of the raw data. Third, mobilise trusted foot soldiers of the informal economy including the market women associations, transport unions, mosques and church networks. They have the UHDFK DQG FDQ UHOD\ WKH VDPH YHULÀHG PHVVDJHV R΁LQH DQG FDQ RYHUFRPH PLVLQIRUPDWLRQ DW grassroot level. This can be achieved by using the very networks the National Orientation Agency (NOA) and National Cooperative Development Corporation (NCDC) relied on during COVID-19 pandemic to overcome misinformation. The question is no longer whether Lagos chooses to treat attacks in Benue and beyond as distant thunder, or as a siren warning of its own exposure. The city can invest in clearer roads, stronger public health systems, proactive emergency preparedness, or continue to budget for the next panic-driven market price surge. In a megacity fed by hinterland harvests and highways, the cost of shortsightedness is already quoted in today’s staple food prices and compound interest starts tomorrow. History rewards cities that prepare, not those that merely pray, Lagos must choose foresight over regret.

0D\ DOO WKH EHUHDYHG IDPLOLHV LQ %HQXH 6WDWH including residents like Mr Moses, ÀQG FRPIRUW Dr. Fagbuyi is a Nigerian born UK-based strategic communications advisor, and awardwinning innovation champion

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FRIDAY JUNE 27, 2025

The goal of Oborevwori’s infrastructure drive is to stimulate the local economy, contends ADAEZE EMMANUEL

The officers and men of the Police Force should be well-provided for, argues JOSHUA J. OMOJUWA

THE NIGERIAN POLICE OFFICER DRIVING COMPETITIVENESS AND HIS SHOES

THROUGH INFRASTRUCTURE In a rapidly globalizing world, sub-national governments are increasingly turning to strategic partnerships and infrastructure investment to remain competitive. In Delta State, Governor Sheriff Oborevwori is emerging as a bold advocate of this development model, demonstrating how purposeful governance can transform local economies and improve the quality of life for citizens.

His recent engagement in Beijing, China, with the top management of China Civil Engineering Construction Corporation (CCECC), one of the world’s foremost infrastructure giants, underscores

his commitment to delivering sustainable, inclusive development. The meeting, held at the global headquarters of CCECC, was a strategic move by the governor to open new investment channels and attract technical expertise to accelerate infrastructure growth across Delta State. Accompanied by the Commissioner for Works and Public Information, Mr. Charles Aniagwu, and his Technical Assistant, Mr. Bob Nakpodia, Governor Oborevwori made a compelling case for deeper collaboration, outlining a comprehensive development strategy rooted in his MORE Agenda, an acronym for Meaningful Development, Opportunities for All, Realistic Reforms, and Enhanced Peace and Security.

Governor Oborevwori’s Beijing mission is more than just diplomacy; it reflects a broader drive to lay the physical and institutional groundwork for a modern, competitive Delta State. His infrastructure blueprint is holistic, aiming to link previously underserved riverine communities to urban centers, modernize road networks, and build climate-resilient transport systems that serve both economic and social needs.

Delta State’s unique topography—featuring a blend of highland and coastal areas, requires innovative approaches to infrastructure. The governor has responded by prioritizing projects that improve accessibility, reduce travel time, and stimulate commerce in previously disconnected areas. For instance, the construction and rehabilitation of critical roads and bridges in places like Patani, Burutu, Warri South-West, and Bomadi have already begun yielding significant dividends in terms of trade facilitation and security. In his remarks at the CCECC meeting, Governor Oborevwori emphasized the urgency of infrastructure transformation as a catalyst for development. “Infrastructure is the bedrock of any thriving economy. By improving connectivity within Delta, we are unlocking access to education, healthcare, markets, and innovation,” he said. Since assuming office in 2023, the Oborevwori administration has flagged off and completed numerous road projects spanning several local government areas. In Warri, Uvwie, and Effurun axis, notorious for congestion and flooding, the governor has commissioned road expansion, drainage rehabilitation, and flood control works that are already easing transportation challenges and enhancing urban resilience. Among the signature projects is the Orere Bridge Project, which connects communities across the riverine axis of Ughelli South and Burutu LGAs—areas that were previously cut off during the rainy season. The project not only improves movement but also serves as a lifeline for farmers and traders, linking agrarian communities with urban markets. Also, in Asaba, the capital city, several arterial roads and interchanges are under

construction, including the Maryam Babangida Way expansion, the Okpanam Dual Carriageway, and the Stormwater Management Project, which aims to mitigate flooding—a persistent challenge in the capital. Beyond roads and bridges, the administration is investing in broader connectivity and public transport systems. Plans are underway to introduce modern transit terminals in key urban hubs such as Warri, Asaba, and Agbor. These hubs will serve as intermodal transportation nodes, accommodating buses, taxis, and future waterway transport systems.

Governor Oborevwori’s vision extends to water transportation—an often overlooked sector in Delta despite its extensive river networks. His administration is working on reviving jetties, constructing floating terminals, and introducing safe watercraft to serve riverine communities like Gbaramatu, Ogulagha, and Okerenkoko. By creating a network of roads, waterways, and transport hubs, the governor is not only easing the movement of people and goods but also attracting investors and encouraging tourism—a sector with huge potential in Delta’s natural wetlands and cultural heritage sites. The Oborevwori administration has also initiated housing and urban renewal projects aimed at addressing the growing demand for affordable housing. Through partnerships with private developers, civil service cooperative societies, and international firms, the government is building new estates in fast-growing areas such as Osubi, Ughelli, and Ibusa. A landmark initiative in this area is the Delta Affordable Homes Scheme, which is set to deliver 5,000 housing units over four years for low- and middleincome earners.

The scheme combines flexible mortgage plans with durable infrastructure and basic amenities, reflecting the government’s emphasis on dignity and equity in housing. Understanding that human capital development goes hand in hand with physical infrastructure, the Oborevwori-led government has committed resources to upgrading healthcare and education facilities across the state. In the healthcare sector, new primary health centers have been completed in rural LGAs, while general hospitals in Agbor, Oleh, and Sapele have received major renovations and equipment upgrades. The flagship Mother and Child Hospital in Owa-Alero, now fully operational, is serving as a regional referral center for maternal and pediatric care. Similarly, the Delta Smart School Initiative is modernizing classrooms across the state, introducing digital tools, training teachers, and improving learning environments.

Over 100 schools have received furniture, labs, and solar-powered ICT facilities, enabling students in remote areas to compete globally. The ultimate goal of Governor Oborevwori’s infrastructure drive is to stimulate the local economy. The improved roads are opening up new farmlands, the bridges are linking markets, and the urban renewal programs are creating jobs. It is a deliberate strategy to empower Deltans, attract investments, and reposition the state as an economic leader in Nigeria’s South-South region. The governor’s collaboration with firms like CCECC adds an international dimension to this effort, ensuring that Delta benefits from worldclass engineering, technical support, and long-term infrastructure financing models. As Mr. Charles Aniagwu, Commissioner for Works and Public Information, noted: “The future of Delta State lies in building strong foundations today. That is exactly what this administration is doing—laying bricks of progress, one project at a time.” Governor Sheriff Oborevwori’s journey to Beijing is emblematic of a broader vision—a vision of a Delta State that is not just functional but globally competitive. With his administration’s firm focus on infrastructure, economic growth, and human development, the state is witnessing a silent transformation. The road ahead may be long, but the path is clear. And under Oborevwori’s leadership, Delta State is not just moving forward—it is building forward.

Emmanuel writes from Ugheli, Delta State

At times, you look for the story, other times, the story finds you. I had just sent in my article on the need for state policing, without addressing the pathway forward for the National Police. As if one needed a reminder, I encountered a Nigerian police officer, that in many ways represents the average officer. In his story, you get to have an understanding of why the police is what it is and how, if things continue as they are, we are only going to get a worse Nigerian Police than the one we have now.

I was driving in Abuja when this police officer stopped me. He said, “argh! I dey see you for TV, show me love my brother”. I felt like he had seen me on TV really, because he sounded certain. But I told him, “you don dey confuse me with Seun Okin o. I no dey TV. Use another style my brother.

Lol”. He said, “bros, God don bless you, you sef bless me”. I was weak because I didn’t think that needed any comeback other than an act of giving.

However, that’s not even the story.

I had some notes in my pocket, so I handed them to him. Amidst that, he started ranting. He was probably thinking, “he will go say this on TV”.

perpetually low morale. The officer I saw, and the ones you need to start taking an extra look at, do not look like they are in such high spirits to want to defend the people. Their motto reads, ‘Police is your friend’, and many Nigerians have come to question that. The average Nigerian Police officer is not known for fitting into that expectation of ‘friend’. I see why. They appear more like our punishment for setting them up for a job that has little to no regard for their welfare, sets them up to raise their livelihood, in one form or another, by begging or forcing it out of citizens via various schemes, some as dangerous as outrightly kidnapping citizens and emptying their bank accounts. This piece is not about their failings, we know those, it is about the inputs the Nigerian society made to get the outcomes that, if you choose to be sincere, we just about deserve. We are reaping the police that we sowed.

Our police officers do not earn enough to take care of themselves and their family.

In retirement, they do not get paid enough benefits to make them look back at their career

He ranted about their pay, the fact that the police camouflage costs N80k and he is not able to afford it, asking rhetorically, “how much be my salary?” He shared concerns about his family and the difficulty of raising them. Then he said, “my brother, see your police shoe na”. He asked that I take a look at his shoes.

Out of curiosity, I stretched my neck out the window to have a peak. My fellow Nigerian, when I saw his shoes, I told him, please let me park. That was the first time I ever parked without a police officer telling me to, in that context. His shoes weren’t just worn out. They were tattered. I have seen better shoes on mentally disturbed people on the road. His shoes reflect the prevailing stories of abandonment and inadequacy of the men, and sometimes women, that we expect to protect us.

The officer couldn’t tell a more sorry story than the one reflected by his shoes. It was heartbreaking.

He starts to say, “I no fit steal. Dem no dey steal where I come from. But this thing no easy my brother”. This police officer was carrying a gun. I knew the implication of him turning into a criminal officer. By this time, I had collected his account number to transfer something meaningful, instead of just what I handed him earlier. He said, “make my wife call you thank you?” I was just lost in thoughts.

I knew my state police article was going to be published by THISDAY the next day, then I realised, state police or not, the National Police needed saving. From the perspective of this officer’s shoes, those shoes tell the story of the average Nigerian Police Officer. And the longer we don’t see it, the worse it gets, and we will all continue to pay for it.

As I drove away, I understood their almost

with pride, and were they to die on the job, their families will most likely be left with regrets and if lucky, a token from the NPF to get by. Why is this the case? The easy answer is corruption.

That the money intended for them and their welfare gets to be cornered by those who are meant to be looking out for them. This is true.

But it is not the whole truth.

The Nigerian Police just does not get enough funding. To address this, the Nigerian Police Trust Fund (NPTF) was set up in 2019. In the six years since then, it has not made an impact on the issues it was intended to address; the welfare of officers, their training, equipment and infrastructure. What looked like a good idea on paper has so far floundered in implementation.

The Senate passed N124.4 billion budget for the NPTF last month. This sum, representing the highest it has ever gotten, is for the 2024 budget cycle. It got less than half of this, N57billion, in the 2023 budget. It is concerning that the sum has been approved outside the budget cycle it was intended for. You’d have to hope that there are measures in place to ensure that the money does not end up like the trillions of others that found their way into private pockets instead of what they were intended for. Spending money is and will never be enough, we must look at our officers and their welfare and ask how much of these expenses are reflecting in their lives. They are people with dreams too.

Omojuwa is chief strategist, Alpha Reach/ BGX Publishing

22 4

T H I S D AY

FRIDAY JUNE 27, 2025

EDITORIAL

Editor, Editorial Page PETER ISHAKA Email peter.ishaka@thisdaylive.com

ON DRUG ABUSE AND ILLICIT TRAFFICKING All stakeholders should do more to contain the menace

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Letters to the Editor Letters in response to specific publications in THISDAY should be brief (150-300 words) and straight to the point. Interested readers may send such letters along with their contact details to opinion@thisdaylive.com. We also welcome comments and opinions on topical local, national and international issues provided they are well-written and should also not be longer than (750- 1000 words). They should be sent to opinion@thisdaylive. com along with photograph, email address and phone numbers of the writer.

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T H I S D AY ˾ FRIDAY, JUNE 27, 2025

23

BUSINESSWORLD R A T E S MONEY MARKET

A S

REPO

A T

Group Business Editor Eromosele Abiodun Email oriarehu.eromosele@thisdaylive.com

08056356325, 07034471123

J U N E

S & P INDEX

2 6 , 2 0 2 5

S & P INDEX

EXCHANGE RATE

OPR

25.34%

CALL

23.25%

INDEX LEVEL

595.26

1/4 TO DATE

0.24%

N1,582,53/ 1 US DOLLAR*

OVERNIGHT

25.18%

1-MONTH

21.37%

1-DAY

0.10%

YEAR TO DATE

-10.99%

*AS AT THUR, JUNE 26, 2025

3-MONTH

22.41%

MONTH-TO-DATE

0.24%

Report: Out of 266.2bn Global Real-time Transactions in 2024, Nigeria Accounted for 2.97%

Eromosele Abiodun A report by EnterpriseNGR has revealed that out of the 266.2 billion global market real-time transactions, Nigeria accounted for 2.97 per cent or 7.9 billion in 2024, the most advanced in Africa and placed in the company of India, Brazil, Thailand, China, and South Korea.

The report disclosed that realtime transactions in 2024 stood at 129.3 billion in India; 37.4 billion in Brazil; 20.4 billion in Thailand; 17.2 billion in China, and 9.1 billion in South Korea.

The report titled, “The State of Enterprise 2025 Report: Insights into Nigeria’s Financial and Professional Services Sector,” stated that Nigeria real-time transactions far exceed the volumes recorded by other African

economies, including South Africa (284 million), Egypt (39 million), and Kenya (20 million).

The report, however, noted that for Nigeria to better compete with countries like India, Brazil and Thailand in digital payments, it must expand both the scale and depth of usage.

According to EnterpriseNGR, “This requires strengthening the quality of the payment ecosystem, extending infrastructure coverage, and enhancing regulatory support.

Key priorities include achieving seamless interoperability across banks, FinTechs, mobile money operators, and traditional financial institutions; improving internet connectivity and mobile penetration in underserved, cash-reliant areas; and adopting user-centric

regulatory frameworks that promote innovation while safeguarding consumer interests.”

The report stated that the widespread adoption of mobile banking, internet banking, and Unstructured Supplementary Service Data (USSD) channels continue to reshape financial service delivery in Nigeria.

“These platforms enable users to conduct transactions such as fund transfers, bill payments, airtime purchases, and account management with ease and convenience. Usage of point-ofsale (POS) terminals, mobile apps, and web platforms has expanded significantly,” the report explained.

The report expressed that there has been a clear shift toward technology-driven business models,

with financial institutions enhancing digital channels to expand market reach and advance financial inclusion.

It stated further that the digital transformation improved operational efficiency, boosted non-interest revenue, and raised service delivery standards in 2024.

According to the report, Nigeria’s banking sub-sector plays a vital role in facilitating cross-border transactions, trade finance, and investment, positioning it as a key driver of global economic engagement.

The report cited that the financial sector attracted approximately $3.8 billion in foreign capital, representing a 586.4per cent increase from $549.3 million in the same period in 2023 and accounting

for 52.1 per cent of total capital importation as of Q3 2024.

“Much of this inflow occurred in the first half of the year, reflecting strengthened investor confidence amid economic volatility and evolving monetary policies. A significant portion of the investment was driven by banks’ capital-raising efforts to meet new Central Bank of Nigeria (CBN) requirements.

“The sector’s resilience, underpinned by foreign exchange reforms and monetary adjustments, remains critical to Nigeria’s economic stability, capital inflows, and financial market development heading into 2025,” it noted.

On diaspora remittances, the report by EnterpriseNGR stated that it remained a crucial source of foreign exchange for Nigeria.

The World Bank in a report had disclosed that Nigeria remains the top recipient in Sub-Saharan Africa, with inflows estimated at $19.8 billion in 2024, up from $19.55 billion recorded in 2023, ranking the country 9th globally.

EnterpriseNGR in its report said these inflows are largely facilitated by the banking sub-sector under the leadership of the Central Bank of Nigeria.

It explained, “To further enhance remittance inflows, the CBN is considering issuing a dedicated diaspora bond in the United States in 2025, building on the success of its previous issuance and targeting up to $1 billion in subscriptions.

The story continues online on

www.thisdaylive.com

Stakeholders: Dry Aircraft Leasing will Boost Capacity, Cut Cost, Reduce Capital Flight Chinedu Eze As Nigeria gets set to receive its first dry lease aircraft after over 10 years of operating wet leasing, aviation experts have identified some of the benefits of migrating from wet leasing of aircraft to dry leasing.

According to them, dry leasing operation will boost capacity, cut down on air fares, and also reduce capital flight.

The development is sequel to the effort of the Minister of Aviation and Aerospace Development, Festus Keyamo, who through legal processes

and the federal government policy, rekindled relationship between Nigeria and international lessors.

Airlines acquire aircraft in two major ways: through outright purchase, which is capital intensive or leasing of the equipment. Leasing is divided into major ways with some other agreements in-between: dry lease and wet lease.

A dry lease in aviation refers to an arrangement where an aircraft is leased to another party without any crew or additional services provided by the lessor. In this type of lease, a lessee (the party leasing the aircraft,

the airline), assumes full responsibility for the operational aspects, including hiring the flight crew, maintenance of the aircraft and insurance payments.

The airline assumes ownership of the aircraft until the termination of the lease agreement.

But wet leasing is a lease agreement in aviation when a lessor provides a fully operational aircraft, while the lessee utilizes it under its own branding and flight numbers. Wet lease is also known as Air, Crew, Maintenance and Insurance (ACMI). The idea behind it is to meet unexpected short term

needs or increase seasonal capacity without buying and staffing new aircraft. It is similar to the wet leasing Nigerian airlines do towards the Yuletide season, which is the highest season in flight operations in Nigeria.

According to Aersale (aersale.com), aircraft maintenance and service company, aircraft leasing saves operators the financial overhead of purchasing costly assets.

Wet leasing is very costly type of leasing whereby the airline makes huge monthly payment to the lessor, takes care of the crew. In Nigeria, the crew, both

cockpit and cabin, is expatriate, which increases expatriate quota and also increases forex payments.

The Managing Director and CEO of Aero Contractors Limited, Captain Ado Sanusi, spoke about the benefits of dry lease in a telephone interview with THISDAY on Wednesday.

According to him, dry lease benefits the lessee because it enhances capacity building, as the airline will use its own cockpit, cabin crew, engineers and conducts its own maintenance; so, it enhances technology transfer. In that way, it enables it conserve foreign exchange,

cuts down on capital flight and because airlines pay less at a time on dry lease compared to wet lease, it helps to cut down fares.

“The rate is lower than in wet lease. It gives an airline the chance to survive, to make more profits and opens opportunities for more leases. It stabilises the operations of the airline because dry leasing takes a longer time, from five to seven years and it allows airlines to plan.

The story continues online on

www.thisdaylive.com

M A R K E T D ATA A S AT T H U R S D AY, J U N E 2 6 , 2 0 2 5 BONDS DESCRIPTION Price Yield Change Updated Time (%) June ^16.2884 170.00 26, 2025 96.59 18.63 MAR-2027 ^19.94 20June 101.78 18.61 -0.01 26, MAR-2027 2025 June ^13.98 230.00 26, 89.79 19.01 2025 FEB-2028 ^21.00 20June 104.75 18.65 0.00 MAR-2028 26, 2025 ^14.55 26June 88.93 18.70 0.01 APR-2029 26, 2025

BILLS MATURITY NTB 10-Jul25 NTB 7-Aug25 NTB 4-Sep25 NTB 9-Oct25 NTB 6-Nov25

Discount Yield

Change (%) Updated Time

MATURITY

16.70

16.81

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17.80

18.17

June -0.01 26, 2025

17.25

17.84

June -0.01 26, 2025

18.00

18.98

June -0.01 26, 2025

19.80

June -0.01 26, 2025

MCIL CP II 16-JUL-25 FAST CP VI 11-AUG-25 MTNN CP XII 30-JUL-25 SALC CP II 3-OCT-25 LFZC CP X 16-SEP-25

18.46

CLEARED NAIRA-SETTLED NDFS

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20.99

24.42

25.20

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21.65

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22.45

Change (%)

Updated Time

June 0.07 26, 2025 June -0.15 26, 2025 June -0.06 26, 2025 June -0.52 26, 2025 June -0.47 26, 2025

CONTRACT Current TENOR Contract Rate ($/₦) (MONTH) NGUS JUL 13M – 29 2026 NGUS AUG 14M – 26 2026 NGUS SEP 15M – 30 2026 NGUS OCT 16M – 28 2026 NGUS NOV 17M – 25 2026

Updated Time

June 26, 2025 June 26, 2025 June 26, 2025 June 26, 2025 June 26, 2025

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FRIDAY, JUNE 27, 2025 ˾ T H I S D AY

BUSINESSWORLD

ECONOMY

80 Years of Impact: How Wema Bank is Empowering Businesses to Scale As the world commemorates World MSME Day today, Sunday Ehigiator highlights the pivotal role that the nation’s oldest indigenous bank, Wema Bank, has played in shaping the future of indigenous businesses in Nigeria, empowering MSMEs to thrive, boosting the economy

M

SMEs are arguably the lifeblood of the economy. The United Nations reports that MSMEs account for 90 per cent of businesses, 60-70 per cent of employment and 50 per cent of GDP worldwide, outnumbering big businesses and corporations and playing a crucial role in sustaining livelihoods. In Nigeria specifically, the impact of MSMEs on economic growth and national development cannot be overemphasised.

According to the NBS/SMEDAN MSME 2021 survey report, MSMEs constituted 96.9% of businesses, contributed 46.32 per cent to GDP, accounted for 6.21 per cent of exports, and 87.9 per cent of employment. Essentially, the MSME sector is the backbone upon which the economy thrives, presenting both an opportunity and a challenge.

The opportunity: empower the MSME industry to keep the economy thriving. The challenge: How? MSME empowerment is one of the key drivers to a thriving economy. This empowerment, however, is one that requires collective efforts from the government, public and private individuals and industries. This is why individuals and organisations that go the extra mile to bridge the gaps in MSME Empowerment, are key to sustaining a thriving economy. Wema Bank is one of such private-sector organisations that have not only identified the need for collective efforts towards MSME empowerment but also gone steps ahead to champion its own movement for empowering MSMEs on various scales, partnering with governments and other credible institutions where necessary to amplify impact. The 80-yearold bank’s MSME Empowerment track record spans decades, with many referring to the Bank as “Nigeria’s SME Bank”, a term the Bank has earned as a result of its rich history of supporting businesses and empowering them with practical solutions tailored to their needs. More specifically, Wema Bank’s history and track record of MSME empowerment can be traced as far back as the Bank’s inception in 1945.

EMPOWERING MSMEs Wema Bank clocked 80 years on May 2nd 2025, commemorating the 80th anniversary of Nigeria’s oldest indigenous bank. However, the Bank’s track record of MSME-Empowerment dates back to its inception in the 1900s, when an illustrious Nigerian employee-turned-trader, Late Chief Mathew Adekoya Okupe, discovered a gap in access to financial services for indigenous Nigerians. At the point when Chief Okupe ventured into trading, he saw firsthand as a business owner, what it meant to own a business in Nigeria, what was required to help that business thrive and more insightfully, why it was important to create an enabling environment for businesses to thrive.

In an era where colonial rule had the system wired to favour the colonial government and expatriates, indigenous Nigerians could neither access the financial support they needed to make a living nor the platform to thrive towards financial independence. At this pivotal point, a vision was brought to life, one that would change the trajectory of Nigeria’s MSME sector forever. This vision was Nigeria’s oldest indigenous bank, Wema Bank, established in 1945 to provide financial services tailored to the needs of indigenous Nigerians and built to empower intending and existing Nigerian MSMEs to become and remain economically active.

Over the years, Wema Bank continued to evolve with the times, consistently enhancing its capabilities to meet the needs of its equally evolving customers.

As the digital evolution rejigged industries in the second half of the 20th century, Wema Bank continued to adapt and evolve, leveraging the opportunities provided by the growing digital era to not only improve on itself, but also generate more impact. After pioneering Africa’s first fully digital bank, ALAT, in 2017, Wema Bank went on to launch ALAT For Business in 2018, changing the game for Nigerian businesses.

Recognising digital as the future, Wema Bank proactively introduced Nigerian businesses to ALAT for Business, a platform that would allow businesses operate and access financial services 24/7 from any part of the world, using registered digital devices like phones and PCs. This meant greater efficiency, increased profitability and more sustainability for these

businesses as the world continued to evolve.

As ALAT For Business continued to impact businesses, Wema Bank went on to launch its SME Toolkit, its suite of digital tools and resources curated strategically to support MSMEs by optimising operations, eliminating tedious processes and increasing efficiency.

Included in this toolkit are ALATPay, the SME Business School, SME Advisory Services, as well as the ALAT For Business App.

ALAT REVOLUTION Introduced in 2024, ALATPay is a unique payment gateway that facilitates end-to-end payments by enabling customers to buy and pay at a go while businesses receive instant settlement in any available currency. From tech enthusiasts like software developers to business owners seeking global reach, ALATPay changed the game for Nigerian businesses. Alongside ALATPay and the ALAT For Business App were the Bank’s SME Advisory Services, customised for entrepreneurs.

Crowning the Wema Bank SME Toolkit off was the SME Business School, Wema Bank’s MSME-focused academy of practical learning designed specifically for MSMEs. Wema Bank didn’t stop at empowering existing businesses. In 2019, the Bank launched its youth-focused hackathon, Hackaholics, which provided a platform for young Nigerians with creative ideas and solutions to transform their game-changing ideas into business ventures.

Since 2019, Hackaholics has discovered over 5000 business ideas and disbursed over $200,000 in grants to emerging businesses across various sectors and verticals. Beyond pioneering innovative solutions, Wema Bank went further in empowering innovators. After ALAT, the Bank had paved the way for FinTechs in Africa, but a gap existed: Infrastructure.

Recognising this gap, Wema Bank did the unthinkable. Rather than hoard, Wema Bank began to host promising FinTechs on its secure network, allowing them to operate with the backing of a credible financial institution, hence the reason Wema Bank is the name behind several FinTechs. Today, over 80% of Nigerian FinTechs are powered by Wema Bank.

WEMA BANK’S APPROACH TO MSME EMPOWERMENT Wema Bank, living up to its promise of “With You, All The Way”, adopted a lifelong approach to empowering businesses. This meant that Wema Bank would not stop at simply providing financial support. Instead, Wema Bank continued to journey with businesses from scratch, providing business advisory services that gave entrepreneurs guidance on the right way to do business.

The Bank continued to steer businesses in the right direction, providing them with the intellectual resources and insights to maximise the financial resources at their disposal to remain profitable in the long run. Covering the last major gap in the Nigerian MSME industry, Wema Bank went on to provide market access to over 3,000 entrepreneurs with 135,000+ customers, resulting in $4,000,000 in sales. The Bank further initiated several partnerships with credible private and public sector players to amplify reach and generate more impact.

The most prominent of these partnerships include the FGN-ALAT Digital Skillnovation Programme, launched in partnership with the Federal Government of Nigeria to empower 2 million youth and 1 million businesses with digital and business skills for long term sustainability; the NYSC-ALAT Accelerator Programme launched in partnership with the National Youth Service Corps to empower Nigerian youth with seamless school to work transition by refining their skills and providing business support ahead of their advent into the labour market; and the Transforming Nigerian Youth Programme, launched in partnership with the Enterprise Development Centre of Pan-Atlantic University to provide hundreds of thousands of MSMEs with entrepreneurial and managerial capacity-building support.

Within the past three years, Wema Bank has successfully disbursed over N350,000,000,000 in Grants and Loans to businesses across Nigeria, disbursed over N300,000,000 towards Financial Literacy and over N6,000,000,000 in promoting access to market for businesses nationwide.

Wema Bank’s infallible approach? Provide aspiring entrepreneurs with capital, existing businesses with funding, and all business with intellectual resources, insights, access to market, a platform to scale and a bouquet of solutions tailored to their needs, every step of the way.

8 DECADES, COUNTLESS BUSINESSES EMPOWERED Through the various changes and challenges that have shaped Nigeria’s economic conditions, Wema Bank has remained unwavering in its support for MSMEs. It is clear that from its inception, Wema Bank has devoted its lifetime to ensuring that Nigerians get the support they need to become economically active and businesses get the support they need to scale. It’s beyond words, the numbers and beneficiaries speak for themselves. Hundreds of business ideas were built into ventures with capital funded by Wema Bank and dozens more continued to scale with financial support provided by the Bank over the years.

One of such businesses is Elizade Motors,

the sole dealer of Toyota Nigeria Limited. Its Founder, 87-year-old Chief Michael Ade-ojo, recounted the encounter that led to him becoming one of the “believers of Wema Bank”, a term he used in reference to those who have developed an unwavering trust in the Bank and its future.

According to him, “My business is a business that needs financial support. I knew I could not do it alone so I began to seek a solution, which is what led me to approach Wema Bank for support and I must say, I made the right choice”. Today, Elizade Motors continues to grow and create more jobs for Nigerians of various ages. “It was easy to speak to Wema Bank, and they made it so easy. They shared my passion, understood the needs of my business and knew where to come in and support. I will simply say that I have been satisfied with the service I have received from Wema Bank. This is a Bank that has proven itself in the committee of banks, a reliable and committed financial institution, and a true partner. It is my prayer that Wema Bank continues to grow stronger, and I congratulate them on 80 years of true impact.”

Elizade Motors is just one out of thousands of businesses driven to scale by Wema Bank. Adaolisa Miracle, founder of Chrisbeks, a small-medium scale leather manufacturing business referred to Wema Bank as the backbone of her business, a trait she found commendable especially in light of prevalent economic fluctuations. The mother of 4, Adaolisa Miracle, said, “For my brand, Chrisbecks, Wema Bank has been a backbone. I remember receiving a huge contract which I didn’t have the funds to execute and I reached out to Wema Bank. Within the shortest time, Wema Bank came through and I was able to execute that contract successfully, thanks to Wema Bank. I don’t know how they do it but it shows commitment. I give kudos to Wema Bank”, she concluded.

Referring to Wema Bank as an institution that is empathetic of the situation MSMEs face in Nigeria, Sakinah Bello, a research enthusiast and founder of Berriepearl Enterprise, spoke on how Wema Bank helped support her business ventures as she navigated financial struggles particularly during the COVID-19 era. As a woman who started business after getting her degree in her early 20s, a financial institution that was committed to MSME and youth empowerment was the perfect solution she needed to survive as an entrepreneur. George Chukwuka, another entrepreneur who has benefitted greatly from Wema Bank’s SME Loans and business advisory services, gave credit to Wema Bank for the Bank’s role in building his aluminum business into a strong and competitive player in the industry. From a guarantor to a beneficiary, Mr. Stanley, another business owner, narrated how he went from standing as a guarantor for his friend to kickstarting his business relationship with Wema Bank. Seeing as his friend was doing well with Wema Bank’s support, Mr. Stanley made the smart move and now, boldly advises legitimate businesses to trust Wema Bank for financial support, as he did. Such are the countless testimonials of Wema Bank’s impact in empowering businesses to thrive and scale for 8 decades.

A FUTURE OF POSSIBILITIES Needless to say, Wema Bank’s impact on MSMEs is deeply rooted in the very veins of Nigeria’s MSME industry. It is evident in the ideas that have become reality, the small businesses that have become empires and the many more success stories to come as Wema Bank continues to prove itself to be the Bank that supports MSMEs all the way. Wema Bank has identified the potential that MSMEs possess in keeping Nigeria’s economy perpetually stimulated and the Bank has clearly developed its own solution to the challenges that pose a threat to this great potential.

As the world commemorates World MSME Day on June 27th, 2025, Nigeria is reminded of the pivotal role that the nation’s oldest indigenous bank, Wema Bank, has played in shaping the future of indigenous businesses in Nigeria, empowering MSMEs to thrive, boosting the economy and inadvertently, promoting national development; through 80 years of impact and a future of promising possibilities.

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BUSINESSWORLD

AIR WATCH

‘National Carrier Will Buoy Tourism Development in Nigeria’ Stories by Chinedu Eze Travel and aviation experts have declared that for Nigeria to realise its full potential in tourism, it must establish a national carrier to buoy the sector.

The experts spoke at the just concluded Aviation Summit 2025 conference themed: “Governance Strategies for Aligning Aviation Development with Sustainable Tourism Goals,” organised by the Institute of Chartered Secretaries and Administrators in Nigeria.

According to the experts, all the countries that have developed their

aviation industry in Africa have national airlines.

Currently, the projected revenue contained in a global travel industry database released by Statista, indicates that Nigeria’s travel sector will generate about $2.953 billion by the end of 2025 and the revenue is expected to rise to $3.746 billion by 2027.

However, the experts said that the revenue would multiply if a national carrier is established to support the sector.

Travel expert and organiser of Akwaaba African Travel Market, Ambassador Ikechi Uko, in his

presentation said some countries establish national airlines to use them and support tourism and trade and gave example with South Africa Airways (SAA), which has recorded losses over the years, but the airline has supported tourism and trade that rake in billions of dollars to South Africa economy every year.

According to him, top countries that are doing well in tourism include Morocco, Egypt, Tanzania, South Africa, Tunisia, Algeria, Zambia, Mauritius, Cape Verde and Seychelles, noting that most of these countries have national airlines.

A I R WATCH Challenge of Sustaining On-time Performance

NOG Energy Week to Unite Industry Leaders, Drive Investment, Growth

As international oil companies (IOCs) increasingly shift their operations to deep offshore locations, Nigeria’s oil and gas landscape is witnessing a surge in local ownership and strategic investments. The ongoing divestment from onshore assets has sparked significant changes in the industry, creating unprecedented opportunities for indigenous companies to take on a greater role in the transformation of the energy sector.

Recently, the federal government announced that Nigeria has attracted

over $8 billion in Final Investment Decisions (FIDs) for deep water oil and gas projects in under one year. This milestone underscores the positive impact of presidential directives aimed at removing longstanding bottlenecks and creating a more enabling environment for investment in the sector.

Speaking on what stakeholders should expect at NOG Energy Week 2025, Wemimo Oyelana, Country Director – Nigeria & Portfolio Director – Energy for

dmg Nigeria events, emphasised, “For over 25 years, NOG Energy Week has provided a trusted platform where industry leaders come together to have honest conversations and collaborate on solutions that move the sector forward. This year, the focus is on some of the most pressing issues shaping the future of Nigeria’s energy industry, from attracting international and regional funding to positioning natural gas as the transition fuel of choice.

Finchglow Travels Marks 19 Years with Strategic Internal Shift Finchglow Travels has announced that it is marking 19 years of redefining the Nigerian travel space with a strategic shift at Finchglow Instead of conventional festivities, the company launched an intensive internal initiative aimed at empowering its team and strengthening service excellence.

The event tagged: ‘Summer90 Plus: Power Up and Shine’, spanned three days and focused on workforce realignment and innovation. It gathered employees

from across Nigeria for workshops on emerging travel trends, technology upgrades, and core business values.

Managing Director Finchglow Travels, Mr. Ezekiel Ikotun, described the anniversary as a turning point in the company’s journey. He emphasized the importance of responding swiftly to changes in the global travel landscape.

“This anniversary marks a strategic inflection point for Finchglow Travels.

The travel industry is evolving rapidly. Our answer is to evolve even faster from within,” he said.

According to Ikotun, Finchglow is investing deliberately in its people, processes, and platforms.

The company aims to maintain industry leadership by driving transformation from the inside out.

“Our people remain our greatest asset. We’re investing in training, data use, automation, and cutting-edge tools like artificial intelligence,” he stressed.

African Leaders Unite at ASIF 2025 to Drive Continental Transformation The Africa Sovereign Investors Forum (ASIF) 2025 wrapped up in Abuja with a renewed commitment to transform Africa’s sovereign wealth into a force for structural change. Hosted by the Nigerian Sovereign Investment Authority (NSIA), the summit gathered political leaders, fund managers, and private sector stakeholders under the theme: “Leveraging African Sovereign Wealth Funds to Mobilize Global Capital for Transformative Development in Africa.”

President Bola Ahmed Tinubu,

represented by Vice President Kashim Shettima, opened the forum with a bold call for action: “The time has come for African nations to harness our collective sovereign wealth as engines for pan-African prosperity.”

That message reverberated throughout the two-day summit as leaders unveiled concrete steps toward long-term economic resilience. Chief among them was the launch of the ASIF Investment Platform, an ambitious pan-African initiative aiming to raise $50

billion in blended finance for infrastructure, agriculture, and renewable energy by 2030.

NSIA CEO, Mr Aminu UmarSadiq announced that Africa’s sovereign funds will now allocate 30% of their portfolios to climateresilient projects by 2030, building on Nigeria’s existing $1 billion climate guarantee facility.

“By uniting our sovereign wealth, we’re not just preserving assets but building Africa’s future,” Umar-Sadiq said.

NAHCO Wins Aviation Ground Handling Company of the Year Award Group Business Editor Eromosele Abiodun Deputy Business Editor Chinedu Eze Comms/e-Business Editor Emma Okonji Asst. Editor, Energy Emmanuel Addeh Asst. Editor, Money Market Nume Ekeghe Correspondents KayodeTokede(CapitalMarkets) James Emejo (Finance) Ebere Nwoji (Insurance) Reporter Peter Uzoho (Energy)

In recognition of its unparalleled contributions to the development of the Nigerian aviation sector and excellent operating year, 2024, the Nigerian Aviation Handling Company Plc has been presented with the Aviation Ground Handling Company of the Year Award by Transport Day Media.

Commenting on the tremendous stride the company has made consistently over the years, the organiser of the Awards praised NAHCO’s resilience, its strength and strong brand value.

“It is a Company that the Nigerian aviation community should be proud of,” says Chairman/Editor -in – Chief, Transport Day Media, Mr. Frank Kintum, The Award came on the heels of other awards which the company had received in the course of the year including the Champion of the

Industry Award conferred on it by the industry’s regulator, NCAA, and the Aviation Handling Company of the Year Award, given by the Air Transport Quarterly.

The latest award was presented to the company in Lagos, at the Transport Day Annual Lecture, where other key players in the Nigerian transportation sector were also recognised for their contributions to sustainable development of the transportation sector in the country.

Commenting on the award, the Group Executive Director, Corporate Services, NAHCO Plc, Dr. Sola Obabori, said the company was delighted to be the recipient of the Award. “This is well deserved because everyone in the aviation sector recognises the important role NAHCO plays in the industry,” Obabori said.

Chinedu Eze Flight delay and cancellation have been a problem associated with Air Peace over the years that it seemed as if it is the only airline that fails to keep to its take off time.

In order to address frequent flight cancellation, the airline decided recently to adopt a very radical measure to significantly reduce the problem.

There is a nexus between an airline’s capacity and the tendency to have more flight delays and cancellations because the more flight an airline operates the more it confronts the challenges of flying, which include infrastructure limitations, including sunset airports, which are the airports in Nigeria an airline cannot fly to after 6:00 pm. There is also the challenge of inclement weather, crowded ramp, delay in fuel supply and other factors.

Air Peace currently operates about 80 flights a day, which is the highest capacity offered by a domestic airline in Nigeria. So, if 10 per cent of its flights are delayed or cancelled, it will be more than an airline which operates 20 flights a day but 30 per cent of its flights were delayed or cancelled.

For example, in the 2024 flight operations data from the Nigeria Civil Aviation Authority (NCAA), were published, which indicated that Air Peace operated 25, 232 flights that year and delayed 1, 854 flights, which is 58 per cent. In the same period, Arik Air operated 5, 265 flights and delayed 3, 134 flights, which is 69 per cent. Dana Air before it was shut down (almost half year) operated 4, 033 flights and delayed 3,081, which 73 per cent. Also, during that time United Nigeria, which sent some of its aircraft on C-check then operated 6, 093 flights, delayed 4, 290, recording 77 per cent.

From the above figures, it is obvious that despite operating the highest number of flights, Air Peace does not record the highest delays in the domestic market, going by the percentage of flights delayed.

But complaints about the airline are rife because it has the highest number of aircraft deployed for service.

In a recent interview, the airline said it has taken a drastic measure to significantly curb delayed and cancelled flights. It said it kept three aircraft on standby to mitigate delays by deploying them when any of the operating aircraft suffers bird strike (which is frequent) or develops technical problem.

About two weeks ago two flights of the airline suffered bird strike in Port Harcourt and Owerri respectively and two out of the three aircraft were dispatched to continue with the flight service while the aircraft that had bird strike were grounded. The one at the Owerri airport was grounded for four days before it was ferried back to Lagos.

The Chairman and CEO of the airline, Dr. Allen Onyema, explained that keeping the aircraft on standby is a huge revenue loss to the airline because in commercial flight operations profit margin comes in trickles; so, airlines maximise their usage of their aircraft, but keeping three airworthy aircraft on standby is “a huge sacrifice.”

But the decision is paying off. The airline said that it started implementing the new strategy on May 10 and from May 12, it started recording improvement; that the airline as at last week recorded about 85 per cent on time performance, which it hopes to improve on in the coming weeks.

But in order to keep up with the new strategy, the airline strictly abides by the closure of boarding by 45 minutes to departure time. This has given rise to another complaint, as passengers complain of being left behind when they arrive at the airport at the time boarding has closed.

THISDAY visited the General Aviation Terminal (GAT) at the Murtala Muhammed International Airport, Lagos, where Air Peace operates most of

its domestic flight early in the morning on Monday, June 23, 2025 and witnessed cacophony of passengers protesting that they were left behind because they came “a bit later than the boarding time”.

Obviously, if an airline must keep to its departure time it must abide by the boarding closure time, especially when other flights are being programmed simultaneously and each wants to take off on time.

This explained why the exasperated spokesman of Airline Operators of Nigeria (AON), Professor Obiora Okonwko, wondered why there were several complaints against the airline now that it decided to significantly improve its on-time departure to stem the criticism of delayed flights and doing that at huge expense of the airline in terms of revenue earnings.

“Come to think of it, we have seen a number of Nigerians who are saying, Air Peace is delaying flights, Air Peace is delaying flights. Right? And here is Air Peace saying, we don’t want to delay flights anymore; that prompted them to leave passengers who were late behind. That means they are ready to lose revenue for them to be on time. So how would you satisfy the person?

When you delay flights, they blame you; when you are on time, they blame you for being on time,” Okonkwo wondered.

Although bad weather, which constitute the major cause of flight delays in Nigeria and globally may not be tamed by keeping aircraft on standby, but other causes of delay have been adequately addressed, as the airline would deploy any of the standby to take over from any distressed aircraft caused by bird strike or tech issues.

This will enable the airline to significantly improve its own time performance, as it aims to achieve over 90 per cent on-time performance (OTP) before end of the year. To make this happen, the airline received additional aircraft earlier in the week, an Embraer E190 aircraft to its fleet and in the coming weeks, it would add more aircraft to connect more destinations both in domestic, West Coast and international destinations.

The airline will reinforce its operations to Dakar, Doula, Banjul and Abidjan.

In a recent interview, Air Peace argued that whenever there is flight delay, airlines lose money; so, they cannot push for delays if not for critical safety reasons. Because when they cancel flights they lose money, passengers schedule is disrupted, which can also cost them opportunities, including loss of money.

“Over time, it was as if we were seeing Air Peace announcing delays, cancellations and all that. But let the truth be told; no airline under the sun cancels or delays flights for the fun of it because you are losing money. You know better than I do, that no airline will gain from delaying or cancelling flights. You are losing instantly. So, do you think any airline will deliberately want to cancel or delay flights? They keep talking about Air Peace. A lot of videos they post on social media about Air Peace are fake. A lot of videos out there are deliberately done to bother us. Even recently, they started recycling old videos against this airline, making them look as if they happened now.

“But this has pushed us to search for ways to mitigate this challenge because we would want our passengers to be happy. We would want them to have more confidence in the airline as dependable and reliable service provider in air travel. We now provide buffer for our flight (standby aircraft).

Buffer means you do your scheduling and leave one aircraft on standby.

The story continues online on

www.thisdaylive.com

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T H I S D AY ˾ FRIDAY, JUNE 27, 2025

BUSINESSWORLD

AVIATION

Addressing Ripple Effects of Flight Cancellations Over the years, air travelers in Nigeria have been violently rebelling against airlines when flight schedule decisions like flight delays and cancellations do not favour them. The Federal Airports Authority of Nigeria and airlines have decided to come together to put an end to the menace, writes Chinedu Eze

W

hat any air traveler in Nigeria will notice within few weeks of his visit to the airport is passengers confronting airlines’ ground staff, as a result of delayed or cancelled flights.

Sometimes they beat up the staff, sometimes confront Aviation Security (AVSEC) of the Federal Airports Authority of Nigeria (FAAN), destroying desktops and other equipment of the airlines in their wake.

This is a unique behaviuor peculiar to Nigeria and Nigerians, and they do this at Nigerian airports intentionally but they do not do that of outside Nigeria, especially when they travel overseas or to any other destination in the world.

Many industry observers posit that Nigerian passengers do this because they know that they can do anything at the airport and possibly get away with it and also, due to lack of enlightenment about how airlines operate.

They believe that any delay is caused by the airline; even when airlines or the airports announces that delays are caused by weather, VIP movement or any other factor.

When passengers violently confront airline’s ground staff they cause further delay of their own flights and the flights of others because the equipment they usually destroy are the same equipment that will be used to board the passengers. Why some industry stakeholders attribute part of the menace to lack of enlightenment is because the air travelers do not know that most of the time, airline may decide to cancel flight for the safety of the travelers.

MAJOR CAUSES OF FLIGHT DELAYS According to the International Air Transport Association (ICAO), key factors that cause flight delays and cancellation globally and the ones that also affect Nigeria peculiarly include weather, which is the major cause of flight delay in Nigeria. Other factors according to ICAO, include technical issues like when the aircraft develops fault or picks a bird in bird strike or hits an antelope while taking off or landing on the runway and when the airport terminal is crowded like during the high season of the Yuletide, when baggage management becomes difficult and causes delays.

There are also security issues, when security threats in airport leads to suspension of flight movement until after investigation. These happen when there is insider threat or other threats at the airport. There is also late arrival of aircraft when an aircraft is delayed by many factors, including technical problem, delay in passenger facilitation, weather, congestion on the tarmac and other factors. Another major one that airlines are often silent about is fuel supply delays. In Nigeria where is no fuel radiant at the ramp, so bowsers supply fuel to the aircraft on the tarmac. Bowsers could be delayed by traffic on

the road, for example, from the tank farms at Apapa to the airport or from where the oil marketing companies have their tank farm to the tarmac. Another major factor that causes flight delay include: ‘operation of the national aviation system with delay.’

A good example of this in Nigeria is VIP movement, which happens when a very prominent personality like the President of Nigeria or the Vice President of Nigeria is about to take off from the airport. The Air Traffic Controller orders temporary suspension of flights until presidential jet takes off or lands.

WEATHER DISRUPTIONS Bad weather is the major cause of flight delays and cancelations in air travel.

According to aviationfile.com, heavy rain and low visibility, as intense rainfall can significantly reduce visibility, making landing and take-off hazardous. This can lead to delays or even cancellations, diversions for safety reasons.

“Thunderstorms can be dangerous for both aircraft and passengers. Flights may be delayed or rerouted to avoid these stormy patches,” aviationfile.com said.

Also in Europe and other parts of the world, freezing temperatures and moisture combine to disrupt flights. Ice can accumulate on the wings and other critical parts of the aircraft. This added weight can affect the aircraft’s performance and handling, leading to delays or cancellations.

“Rain can have a significant impact on air traffic, both in terms of safety and efficiency. Heavy rain can reduce visibility, making it difficult for pilots to see the runway and other aircraft. It can also create turbulence, which can make flying uncomfortable and dangerous.

“In addition, rain can make it difficult for aircraft to generate enough lift to take off and land. This is because water droplets on the wings can reduce the amount of air that flows over them. In severe cases, this can lead to an aircraft losing lift and crashing. For these reasons, air traffic controllers often impose delays or even cancel flights during heavy rain. This can be a major inconvenience for passengers, but it is necessary to ensure the safety of all involved,” aviationfile.com, said in a statement.

NIGERIAN PASSENGERS ATTITUDE From the analysis above, it is clear that weather and other extraneous factors beyond the airline cause flight delays but air travellers in Nigeria have one way reaction to it, disruption of the airline’s operations.

A manager of one of the airports terminals in Lagos told THISDAY that Nigerian passengers do not care about

what caused the delay or cancellation; once his flight did not depart as scheduled, “he or she becomes incensed, restless and angry and begins to express his anger with his hands.”

“What really disappoints me is that passengers do not consider the reason for the delay before they start fighting the airline. Not that any reason should make them fight the airline but the truth is that weather delays are beyond anybody’s cause.

It is natural phenomenon. I also come to know that passengers do not believe most of the information given by the airlines as reason for delays. The expression they hate most is, due to operational reasons. But I know why airlines use that phrase. Do you know that if you tell Nigerian passengers in Nigeria that we just finished working on the engine of the aircraft, some of them may decline to embark on the trip? But if they are in the UK and British Airways tells them, ‘we just finished working on the engine of the aircraft or we are working on the engine of the aircraft’, they won’t bother to complain. So, you see unconscious rejection of your own, which is the major problem with us. This happens across board, among the elite too,” the Lagos Airport Terminal official said.

IATA’S POSITION Frowning on the menace of unruly passengers and how they disrupt flight operations, the International Air Transport Association (IATA), said: “There is growing concern from airlines, governments and passengers at the increasing frequency and severity of these incidents that involve violence against crew and other passengers, harassment and failure to comply with safety and public health instructions.

Committed by a minority of passengers, unruly incidents have a disproportionate impact, threatening safety, disrupting other passengers and crew and causing delays and diversions. However, due to loopholes in existing international air law, such offenses often go unpunished.”

FAAN’S COLLABORATION As the manager of most airports in Nigeria and the agency vested with authority to train aviation security officials that man all the airports in the country, the Federal Airports Authority of Nigeria (FAAN), has promised to collaborate with airlines to end the threat of unruly passengers.

FAAN’s security operatives have often arrested passengers that exhibit restive behaviour, both in the aircraft and at the terminal and have taken them to court. AVSEC officials are now poised to investigate and arrest anyone that may violently protest at the airport because of flight delay or cancellation. The security

operatives have at different situations arrested passengers engaged in on-board theft who become violent when accosted by the cabin crew.

The management of FAAN said that it would deploy more security officials at the airport terminals to monitor the behaviour of passengers, especially when flight delay or cancellation is announced.

ABOUT FLIGHT DELAYS, CANCELLATIONS Recently at a press conference, the Chairman and CEO of Air Peace Limited, Dr. Allen Onyema, explained that flight delays and cancellations were global phenomena aligned with air travel. He wondered why Nigerian travelers react differently to such announcements and always refuse to listen to explanations.

“It is not as if delays and cancellations are synonymous with Nigerian airlines. But what are the factors causing the delays? If it is about communication, we communicate, but there are times our staff out of fear of what the passengers will do become confused about what to do. If they announce any development, they may not know how they will respond to that. They may start beating them up as usual.

“Maybe an aircraft lands now, and they say, oh, guys, something happened. There is going to be three hours delay. How are we going to tell these passengers that the delay is for three hours? You see staff running around, running around in circles, they don’t know what to do. There is one fact that passengers should know. If we can be civil at airports, you have airlines that will serve you better. It will significantly cut these issues of delays. Let me tell you what happens. We go out of our way to do what is not done in civil aviation, to satisfy a particular group of passengers,” Onyema said.

According to him, Nigerians travelling to Ghana, Togo, or to any other country, keep quiet and obey the rules but when they arrive Nigeria, they become belligerent, restive and irate.

“Let us run aviation the way it is run worldwide. Let passengers follow the rule and they will know that peaceful proceeding at the airports will benefit them more. Because if you give airlines that opportunity to run it the way it is run, your time will be shortened in handling your issues. But when they become unruly, they cause problems for everybody.

That is what happens. No airline enjoys it when flights are delayed or cancelled. It will cost the airline additional money to delay flight or cancel any flight,” he said.

If air travellers know airlines lose revenue anytime they cancel flights and it also disrupts their operations, travellers will know that airlines also suffer whenever they cancel flights and therefore, flight delays or cancellation are not meant to punish them but largely to save their lives at a huge expenses to the airlines.

27

T H I S D AY • FRIDAY, JUNE 27, 2025

MARKET NEWS A Mutual fund (Unit Trust) is an investment vehicle managed by a SEC (Securities and Exchange Commission) registered Fund Manager.

Investors with similar objectives buy units of the Fund so that the Fund Manager can buy securities that willl generate their desired return.

An ETF (Exchange Traded Fund) is a type of fund which owns the assets (shares of stock, bonds, oil futures, gold bars, foreign currency, etc.) and divides ownership of those assets into shares. Investors can buy these ‘shares’ on the

floor of the Nigerian Stock Exchange.

A REIT (Real Estate Investment Trust) is an investment vehicle that allows both small and large investors to part-own real estate ventures (eg.

Offices, Houses, Hospitals) in proportion to their investments. The assets are divided into shares that are traded on the Nigerian Stock Exchange.

GUIDE TO DATA: Date: All fund prices are quoted in Naira as at 25 June-2025, unless otherwise stated.

Offer price: The price at which units of a trust or ETF are bought by investors.

Bid Price: The price at which Investors redeem (sell) units of a trust or ETF. Yield/Total Return: Denotes the total return an investor would have earned on his investment. Money Market Funds report Yield while others report Year- to-date Total Return.

NAV: Is value per share of the real estate assets held by a REIT on a specific date.

DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS MUTUAL FUNDS / UNIT TRUSTS AFRINVEST ASSET MANAGEMENT LTD aaml@afrinvest.com Web: www.afrinvest.com; Tel: +234 818 885 6757 Fund Name Bid Price Offer Price Yield / T-Rtn Afrinvest Equity Fund 493.17 497.72 24.06% Afrinvest Plutus Fund 365.64 365.64 13.51% Nigeria International Debt Fund 100.00 100.00 17.88% Afrinvest Dollar Fund 113.64 113.64 3.20% AIICO CAPITAL LTD ammf@aiicocapital.com Web: www.aiicocapital.com, Tel: +234-1-2792974 Fund Name Bid Price Offer Price Yield / T-Rtn AIICO Money Market Fund 0.00 0.00 0.00 AIICO Balanced Fund 0.00 0.00 0.00 AIICO Eurobond Fund 0.00 0.00 0.00 Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Money Market 100.00 100.00 19.93% Anchoria Equity Fund 1.50 1.50 14.87% Anchoria Fixed Income Fund 332.03 336.08 28.52% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Fund Name Bid Price Offer Price Yield / T-Rtn ARM Aggressive Growth Fund 41.58info@anchoriaam.com 42.84 17.29% ARM Discovery Balanced Fund 894.18 921.14 12.49% ARM Ethical Fund 81.08 83.52 18.24% ARM Eurobond Fund 1.18 1.18 13.47% ARM Fixed Income Fund 1.27 1.27 24.41% ARM Money Market Fund 1.14 1.14 20.85% ARM Shariah Fixed Income Fund 1.09 1.09 14.82% ARM Short Term Bond Fund 1.02 1.02 5.06% ARM Short Term Eurobond Fund 1.00 1.00 22.15% AVA GLOBAL ASSET MANAGERS LIMITED info@avacapitalgroup.com Web: www.avacapitalgroup.com; Tel 08069294653 Fund Name Bid Price Offer Price Yield / T-Rtn 109.42 109.42 12.58% AVA GAM Fixed Income Dollar Fund 1,143.73 1143.73 14.75% AVA GAM Fixed Income (Naira) Fund 1.00 1.00 20.20% AVA GAM Money Market Fund AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn 0.00 0.00 0.00% AXA Mansard Equity Income Fund 0.00 0.00 0.00% AXA Mansard Money Market Fund CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Web: www.capitalexpressassetandtrust.com; Tel: +234 803 307 5048 Fund Name Bid Price Offer Price Yield / T-Rtn 2.63 2.63 14.19% CEAT Fixed Income Fund 5.33 5.45 35.64% Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) CARDINALSTONE ASSET MANAGEMENT LIMITED mutualfunds@cardinalstone.com Web: www.cardinalstoneassetmanagement.com; Tel: +234 (1) 710 0433 4 Fund Name Bid Price Offer Price Yield / T-Rtn 1.12 1.12 15.78% CardinalStone Fixed Income Alpha Fund 1.08 1.08 8.75% CardinalStone Equity Fund 1.49 1.51 20.19% CardinalStone Dollar Fund 1.07 1.07 6.67% CardinalStone Money Market Fund 1.00 1.00 21.87% CardinalStone Balanced Fund CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapel Hill Denham Money Market Fund 0.00 0.00 0.00 Nigeria Bond Fund 0.00 0.00 0.00 Nigeria Dollar Income Fund 0.00 0.00 0.00 Paramount Equity Fund 0.00 0.00 0.00 CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 0.00% 111.62 111.62 12.91% Cordros Fixed Income Fund 118.05 118.05 10.24% Cordros Halal Fixed Income Fund Cordros Dollar Fund ($) 114.75 114.75 7.16% Cordros Milestone Fund 211.13 212.72 15.59% CORONATION ASSETS MANAGEMENT investment@coronationam.com Web:www.coronationam.com, Tel: 012366215 Fund Name Bid Price Offer Price Yield / T-Rtn Coronation Money Market Fund 0.00 0.00 0.00 Coronation Balanced Fund 0.00 0.00 0.00 Coronation Fixed Income Fund 0.00 0.00 0.00 EDC FUNDS MANAGEMENT LIMITED mutualfundng@ecobank.com Web: www.ecobank.com Tel: 012265281 Fund Name Bid Price Offer Price Yield / T-Rtn EDC Nigeria Money Market Fund 0.00 0.00 0.00 EDC Nigeria Balanced Fund 0.00 0.00 0.00 EDC Nigeria Halal Fund 0.00 0.00 0.00 EMERGING AFRICA ASSET MANAGEMENT LIMITED assetmanagement@emergingafricafroup.com Web:www.emergingafricagroup.com/emerging-africa-asset-management-limited/, Tel: 08039492594 Fund Name Bid Price Offer Price Yield / T-Rtn Emerging Africa Money Market Fund 1.00 1.00 21.94% Emerging Africa Bond Fund 1.21 1.21 11.98% Emerging Africa Balanced Diversity Fund 1.57 1.59 23.38% Emerging Africa Eurobond Fund 110.94 110.94 7.09% Emerging Africa Halal Fund 1.10 1.10 11.93% FBNQUEST ASSETS MANAGEMENT LIMITED invest@fbnquest.com Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name Bid Price Offer Price Yield / T-Rtn FBN Money Market Fund 100 100 21.61% FBN Bond Fund 1721.55 1721.55 11.14% FBN Dollar Fund 130.82 130.82 7.42% FBN Halal Fund 154.42 154.42 14.73% FBN Specialized Dollar Fund 123.43 123.43 8.02% FBN Blended Dollar Fund 102.12 102.12 2.12% FBN Balanced Fund 396.27 399.79 22.26% FBN Smart Beta Equity Fund 424.22 429.63 31.01% FCMB ASSET MANAGEMENT LIMITED fcmbamhelpdesk@fcmb.com Web: www.fcmbassetmanagement.com; Tel: +234 1 462 2596 Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Money Market Fund (LMMF) 1.00 1.00 0.00% Legacy Equity Fund (LEF) 3.81 3.81 10.57% Legacy USD Bond Fund (LUBF) 4.43 4.53 18.89% FCMB-TLG Private Debt Fund 0.00 0.00 0.00% FSL ASSET MANAGEMENT LIMITED Adeniran.Daniel@fsl.ng Web: https://www.fsl.ng/asset-management ; Tel: +2348062727759 Fund Name Bid Price Offer Price Yield / T-Rtn FSL Money Market Fund 1.00 1.00 19.35% FSL Euro Bond 1.00 0.00 8.83% FSDH ASSET MANAGEMENT LTD coralfunds@fsdhgroup.com Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Fund Name Bid Price Offer Price Yield / T-Rtn Coral income fund 4,634.36 4,634.36 11.97% Coral money market fund 100.00 100.00 21.15% FSDH HALAL FUND 1,261.23 1,261.23 13.12% FSDH dollar fund 1.30 1.30 6.57%

Coral Balanced Fund 9,805.74 9,894.19 59.41% HILLCREST CAPITAL MANAGEMENT dabbey@hillcrestcapmgt.com Web: https://hillcrestcapmgt.com/; Tel: +2348075144540, 0214540094 Fund Name Bid Price Offer Price Yield / T-Rtn Hillcrest Balanced Fund 0.00 0.00 0.00 LOTUS CAPITAL LTD fincon@lotuscapitallimited.com Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-Rtn LOTUS HALAL FIXED INCOME FUND 1,272.34 1,272.34 13.78% LOTUS HALAL INVESTMENT FUND 2.62 2.67 31.77% LOTUS HALAL EQUITY EXCHANGE TRADED FUND 41.33 45.69 72.23% LOTUS WAQF ENDOWMENT FUND 1,134.09 1,134.09 7.19% MERISTEM WEALTH MANAGEMENT LTD info@meristemwealth.com Web: www.meristemwealth.com/funds/; Tel: +2348028496012 Fund Name Bid Price Offer Price Yield / T-Rtn Meristem Equity Market Fund 0.00 0.00 0.00 Meristem Value ETF 0.00 0.00 0.00 Meristem Growth ETF 0.00 0.00 0.00 Meristem Fixed Income Fund 0.00 0.00 0.00 Meristem Dollar Income Fund 0.00 0.00 0.00 Meristem Money Market Mutual Fund 0.00 0.00 0.00 MANGO ASSET MANAGEMENT jetadafe@mangoam.com Web:https://mangoam.com/; Tel: +234 7030839517 Fund Name Bid Price Offer Price Yield / T-Rtn Mango Naira Money Market Fund 1.00 1.00 21.10% NORRENBERGER INVESTMENT AND CAPITAL MANAGEMENT LIMITED enquiries@norrenberger.com Web: www.norrenberger.com, Tel: +234 (0) 908 781 2026 Fund Name Bid Price Offer Price Yield / T-Rtn Norrenberger Money Market Fund (NMMF) 100.00 100.00 21.17% Norrenberger Islamic Fund (NIF) 106.74 106.74 14.38% NORRENBERGER DOLLAR FUND (NDF)-----($) 105.47 105.47 9.56% NORRENBERGER TURBO FUND (NTF)-----(N) 104.85 104.85 14.51% PAC ASSET MANAGEMENT LTD info@pacassetmanagement.com Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Balanced Fund 0.00 0.00 0.00 PACAM Fixed Income Fund 0.00 0.00 0.00 PACAM Money Market Fund 0.00 0.00 0.00 PACAM Equity Fund 0.00 0.00 0.00 PACAM EuroBond Fund 0.00 0.00 0.00 SCM CAPITAL ASSET MANAGEMENT LIMITED info@scmcapitalng.com Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn The Frontier Fund 0.00 0.00 0.00% SFS CAPITAL NIGERIA LTD investments@sfsnigeria.com Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Fund Name Bid Price Offer Price Yield / T-Rtn SFS Fixed Income Fund 0.00 0.00 0.00% SFS REIT 0.00 0.00 0.00% UH REIT/SFS 0.00 0.00 0.00% STANBIC IBTC ASSET MANAGEMENT LTD assetmanagement@stanbicibtc.com Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Money Market Fund Stanbic IBTC Bond Fund Stanbic IBTC Shariah Fixed Income Fund Stanbic IBTC Enhanced Short-Term Fixed Income Fund Stanbic IBTC Absolute Fund UPDC REIT Stanbic IBTC Balanced Fund Stanbic IBTC ETF 30 Fund Stanbic IBTC Ethical Fund Stanbic IBTC Guaranteed Investment Fund Stanbic IBTC Imaan Fund Stanbic IBTC Nigerian Equity Fund SIAML Pension ETF 40 Stanbic IBTC Aggressive Fund Stanbic IBTC Conservative Fund

STL ASSET MANAGEMENT LIMITED Web: WWW.STLASSETMGT.COM; Tel: 8136115170 Fund Name STL MONEY MARKET FUND STL BALANCED FUND STL DOLLAR FUND

UNITED CAPITAL ASSET MANAGEMENT LTD Web: www.unitedcapitalplcgroup.com; Tel: +234 01-6317876 Fund Name United Capital Money Market Fund United Capital Sukuk Fund United Capital Fixed Income Fund United Capital Nigerian Eurobond Fund United Capital Global Fixed Income Fund United Capital Stable Income Fund United Capital Equity Fund United Capital Balanced Fund United Capital Wealth for Women Fund VETIVA FUND MANAGERS LTD Web: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Vetiva Banking Exchange Traded Fund Vetiva Consumer Goods Exchange Traded Fund Vetiva Griffin 30 Exchange Traded Fund Vetiva Money Market Fund Vetiva Industrial Goods Exchange Traded Fund Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund QUANTUM ZENITH ASSET MANAGEMENT & INVESTMENTS LTD Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 Fund Name Zenith Balanced Strategy Fund Zenith Income Fund Zenith Money Market Fund ZEDCREST INVESTMENT MANAGER LIMITED Web: www.zedcrestwealth.com; Tel: +2348075881240 Fund Name Zedcrest Money Market Fund Zedcrest Fixed Inocme Fund Zedcrest Dollar Fund

REITS Fund Name SFS REIT UPDC REIT

10.00 259.03 135.27 139.68 5,168.20 11.59 8,009.83 375.00 3.83 373.47 710.35 33,192.10 292.01

10.00 259.03 135.79 143.18 5,170.86 11.59 8,095.53 375.00 3.88 374.13 718.94 33,680.04 292.01

20.23% 0.15% 0.97% 1.52% 0.02% 1.92% 25.66% -8.54% -98.09% 5.58% 42.52% 31.03% -63.95%

10,521.60 8,132.44

10,653.52 31.35% 8,171.22 19.69% jemenike@stlassetmgt.com

Bid Price 100.00 1,266.27 103.31

Offer Price Yield / T-Rtn 100.00 20.74% 1,285.30 27.58% 103.31 3.31% unitedcapitalplcgroup.com

Bid Price 1.00 1.15 1.90 120.98 1.20 118.12 1.60 1.93 1.50

Offer Price Yield / T-Rtn 1.00 19.53% 1.15 10.21% 1.90 8.94% 120.98 9.58% 1.20 9.00% 118.12 20.33% 1.61 25.46% 1.94 17.54% 1.51 18.72% funds@vetiva.com

Bid Price Offer Price Yield / T-Rtn 13.01 13.11 57.63% 26.44 26.54 71.57% 44.19 44.39 22.48% 1.00 1.00 20.57% 37.03 37.23 -20.85% 147.83 149.83 0.00% service@quantumzenithasset.com.ng Bid Price Offer Price Yield / T-Rtn 28.97 29.36 36.32% 28.74 28.74 3.02% 1.00 1.00 20.74% investmentoperations@zedcrest.com Bid Price 1.00

Offer Price 1.00

Yield / T-Rtn 22.92%

1.24 $ 1.31

1.24 $ 1.31

32.01% 10.59%

NAV Per Share

Yield / T-Rtn

0.00

0.00%

8,171.22

19.69%

The value of investments and the income from them may fall as well as rise. Past performance is a guide and not an indication of future returns. Fund prices published in this edition are also available on each fund manager’s website and FMAN’s website at www.fman.com.ng. Fund prices are supplied by the operator of the relevant fund and are published for information purposes only.

This

Weekend

T H I S D AY ˾ AY, JUNE 27, 2025

Group Features Editor: CHIEMELIE EZEOBI chiemelie.ezeobi@thisdaylive.com

07010510430

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UTH

& R E ASO

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WEEKLY MAGAZINE

Skyewise at 10: Celebrating a Decade of Powering Progress, Growth and Impact, Charts Bolder Future

T H I S D AY ˾ AY, JUNE 27, 2025

29

COVER

Skyewise at 10: Celebrating a Decade of Powering Progress, Growth and Impact, Charts Bolder Future Skyewise Group, one of the fastest growing diversified integrated conglomerate, just recently concluded a week-long celebration that reflected not just a milestone, but a decade of resilience, growth, and impact. Founded by Dr. Elvis Abuyere, the wholly Nigerian-owned conglomerate has expanded across sectors including investment, automobile sales, finance, travel, and youth empowerment — emerging as a bold symbol of enterprise and innovation in today’s business landscape.

Chiemelie Ezeobi writes that having stepped into its second decade and with established operations in Abuja, Lagos, and Benin City, the Group aims to scale its footprint across Africa and become a globally competitive, even more socially responsible business thatcontinuesto empowerpeople,drive economic growth, and set new standards for Nigerian enterprise on the world stage

CEO Skyewise Group, Dr. Elvis Abuyere and others depicting the decade sign

Cutting the anniversary cake with well wishers and clients

Dr. Abuyere and serial entrepreneur, Seyi Vodi with a guest

Timi Dakolo serenading the host and his guests

I

n an increasingly competitive and unpredictable business climate, ten years is no small feat—especially for a wholly Nigerian-owned conglomerate operating across multiple sectors.

But for Skyewise Group, the last decade has not only been about survival- it has been a bold journey of transformation, resilience and impact.

Founded by Dr. Elvis Abuyere, Skyewise Group has evolved into one of Nigeria’s fastest-growing diversified companies, with thriving interests in investment advisory, automobile sales, cooperative finance, travel and tourism, and corporate social responsibility. What began as a modest business vision has matured into a conglomerate that is not just turning profit, but creating meaningful opportunities for individuals, communities, and the economy at large.

“For me, it’s been 10 years of building a sustainable investment platform, 10 years of undoubted credibility, and 10 years of empowering society and giving back to people,” said Dr. Abuyere during the pre-celebration media chat. “We’ve achieved so much despite the challenges, and the next 10 years will be even more impactful—locally and globally”.

Commemorating a Decade of Excellence To commemorate a decade of excellence and thriving against all odds, the Skyewise Group held a week-long celebration to mark its 10th anniversary in business. The festivities culminated in a grand gala night and a thanksgiving service, highlighting a decade of achievements and steady growth.

The commemorative activities kicked off on 31st May with a vibrant roadshow in Abuja, officially launching the anniversary events. This was followed by a series of engagements including a novelty football match, an open house and customer value

drive, and a Corporate Social Responsibility (CSR) initiative. The gala night, held on Friday, stood out as a highlight of the week, followed by a heartfelt thanksgiving service at Champion Faith Assembly, Abuja.

Speaking at the gala night, the CEO expressed deep gratitude to the company’s partners for their unwavering support over the years, acknowledging their vital role in the brand’s growth. He also commended the staff for their dedication and commitment, which, he noted, had enabled the group to break new ground and unlock fresh opportunities.

Reaffirming the company’s vision, he pledged that Skyewise Group would continue to deliver world-class services to its clients in Nigeria and across the West African sub-region. The group currently operates in various sectors, including loan facilities, automobile sales and services, among others.

The evening was further enlivened by a performance from award-winning music artist Timi Dakolo, who serenaded guests with his soulful songs. The celebration drew to a close with a thanksgiving service at Champion Faith Assembly, where the presiding pastor prayed for continued success for the company, the personal growth of its CEO, and the wellbeing of its staff and customers.

In a fitting conclusion to the festivities, select staff and partners were honoured for their contributions, with awards presented during the gala. The evening also featured fireworks, entertainment, and an abundance of food and drinks—offering a jubilant atmosphere to celebrate a decade of landmark achievements.

Meanwhile, the award of excellence recognised individuals and organisations who had made significant impact in the service of humanity.

Some of those recognised at the award ceremony

in Abuja include Rear Adiral Omor Emmanuel (rtd), Mrs Blessing Ogbonna, Mrs Joy Nosika, Mr. Innocent Onwumere and a host of others, as Dr. Abuyere, congratulated the award recipients for distinguishing themselves in their various endeavours.

For guests and award recipients alike, it was commendations for Skyewise Group to still be standing strong a decade later, despite the odds.

The group was also commended for continuously giving value to its customers and clients.

Laying the Foundation for Growth, Push for the Future Established in 2015, Skyewise Group was born from a deep desire to offer practical solutions to everyday financial and lifestyle challenges faced by Nigerians. Its flagship entity, Skyewise GIS, is a Securities and Exchange Commission (SEC)-certified investment advisory firm that provides tailored financial guidance to both individuals and corporate organisations.

Alongside this, the Group rapidly diversified to include Skyewise Automobiles, which has grown into a reputable auto dealership redefining vehicle sales and servicing in Nigeria. Then came Skyewise Travels and Tours, offering functional and affordable logistics for travel within and outside the country.

In response to a growing demand for financial flexibility, the company launched Skyewise Cooperative, its associate finance arm. Through this platform, members can access soft loans and fixed deposit opportunities that support their economic activities.

What perhaps most distinguishes the Group, however, is its commitment to social impact through Skyewise Foundation, the conglomerate’s corporate social responsibility (CSR) arm. Through targeted initiatives

such as youth empowerment, skill acquisition, and outreach to persons with disabilities, the Foundation is helping young Nigerians transition from dependency to enterprise.

In the past decade, Skyewise Group has created hundreds of jobs, supported the growth of small businesses, and provided strategic investment advice to thousands. It has also trained youths in vocational skills ranging from digital marketing and fashion design to auto mechanics and catering, contributing directly to poverty reduction and economic inclusivity.

At its core, Skyewise Group remains rooted in its founding values: integrity, credibility, innovation, and impact. These are not just slogans, but guiding principles that influence how the company operates and engages with society.

Charting Progress for the Future As the company looks beyond its 10th anniversary, it is clear that Skyewise Group is more than a conglomerate; it is a movement—one that champions economic empowerment, local ingenuity, and sustainable development.

Under Dr. Abuyere’s leadership, the Group is not only rewriting the narrative of Nigerian enterprise but also laying the blueprint for what responsible capitalism can look like on the continent and even beyond.

And after a decade of proving what is possible with established operations in Lagos, Abuja and Benin City, the Skyewise Group is only just getting started.

In this second decade and even more, the Group aims to scale its footprint across Africa and become a globally competitive, even more socially responsible business that continues to empower people, drive economic growth, and set new standards for Nigerian enterprise on the world stage.

30

T H I S D AY ˾ FRIDAY, JUNE 27, 2025

BUSINESS/MONEYGUIDE

FITC: ESG Central Lever of Economic Competitiveness, Institutional Resilience, National Transformation Dike Onwuamaeze The Managing Director/CEO, Financial Institution Training Centre (FITC), Dr. Chizor Malize, has declared that the concept of Environmental, Social and Governance (ESG) are no longer peripheral disciplines, but are central to economic competitiveness, institutional resilience, and national transformation.

Malize made this declaration yesterday in Lagos in her welcome address at the opening of the “FITC Sustainability and ESG Conference 2025” with the theme “Building a Prosperous Future: Unlocking Growth Opportunities Through Sustainability and ESG Innovation.”

She also highlighted that firms with strong ESG fundamentals enjoy up to 20% lower cost of capital Malizee said: “It is with immense privilege and deep

strategic intent that I welcome you to the inaugural FITC Sustainability and ESG Conference 2025, which is a seminal gathering at the intersection of purpose, policy, and performance.

“Today, we are not merely convening an event, we are activating a movement. A movement rooted in the conviction that sustainability and ESG are no longer peripheral disciplines, but central levers of economic competitiveness, institutional resilience, and national transformation.

“Our theme, ‘Building a Prosperous Future: Unlocking Growth Opportunities Through Sustainability and ESG Innovation,’ speaks not only to a moral imperative but to a compelling economic thesis.”

Malize said that the integration of ESG is fast becoming the global standard for how forward

looking institutions create longterm value—balancing profit with purpose, growth with equity, and innovation with integrity.

In his keynote speech, a Professor of Law and Senior Advocate of Nigeria, Professor Fabian Ajogwu, of the Kenna Partners, said that ESG has become a strategic necessity, with its overall importance influenced by multiple factors that allow for a comprehensive assessment of a company’s value, evaluating its environmental impact, social relationships with employees, consumers, and stakeholders, and its dealings with regulators.

Ajogwu described ESG as “an acronym for Environmental, Social, and Governance Factors.

At its core, ESG represents the principle that businesses and investors should identify and consider environmental, social, and governance factors when making decisions.”

Shettima Seeks Private Sector Support on Policy Reforms Vice President, Kashim Shettima has advocated for support from the organised private sector on the myriads of reforms being carried out by the Federal Government in order to build a resilient and inclusive economy.

Speaking at the opening session of the 4th edition of Nigeria Employers’ Summit with a theme, “Enabling Sustainable Enterprise in a Transitioning Economy; Aligning Fiscal, Trade and Regulatory Reforms for Rapid National Development,” held in Abuja, Shettima tated that the nation was currently undergoing a transition with the wave of bold reforms that are designed to steer our volatility economy into becoming a more stable, sustainable economy.

Represented by the Special Adviser to the President on Job Creation and MSME, Temitola Adekunle-Johnson, he stressed that though these reforms, may be difficult in the short-term, they are meant to lay the groundwork for a more transparent, competitive,

diversified and investor-friendly business environment.

“The vision of the President Bola Ahmed Tinubu administration is to build an economy where sustainable enterprises, like yours, can thrive, create decent jobs, and contribute to a society where prosperity is shared by all, not just a privileged few. And it is for this very purpose that this administration is committed to the intricate but essential task of ensuring that its fiscal, trade, and regulatory reforms are aligned to enable sustainable enterprise in Nigeria,” he stated.

Also speaking at the occasion, The Minister of Interior, Olubunmi Tunji-Ojo expressed the commitment of the Federal Government to embark on policy that would drive growth for the private sector.

Tunji-Ojo noted that President Bola Tinubu is willing to collaborate with the private sector to achieve collective good.

Citing instance of collaborative approach between President Bola

Tinubu administration and NECA, Tunji-Ojo noted that through the Expatriate Administration and Visa Policy, both the government and the private sector contributed a great deal in finetuning and arriving at a more satisfactory policy document that addresses issues such as quota abuse and streamline visa processes adding that the policy is expected to come into effect by July 1, 2025.

In his welcome address, the Director General, NECA, Adewale Smatt-Oyerinde stated that the essence of the summit was to build consensus around Federal Government policy reforms with a view to transforming them into actions that are favorable to businesses.

Smatt-Oyerinde noted that NECA as a body remains determined to working with government to create an economy that is not only competitive but can serve as platform to advance African economy.

First Fiduciary, NUPRC Leads Dialogue on Industry Lessons, Future Pathways As Nigeria’s petroleum industry continues to navigate the evolving landscape of community engagement and sustainable development, stakeholders are being called to assess the progress of Host Community Development Trusts (HCDTs). Four years into implementation, concerns persist among host communities about the pace of development and the tangible impact of the Trusts.

This moment presents a critical opportunity for all parties to reflect on lessons learned, identify gaps, and recommit to the core intent of the framework, fostering lasting, inclusive development in oil-producing areas.

To address these pressing issues, First Fiduciary Limited, in partnership with the Nigerian Upstream Petroleum Regulatory Commission, is hosting a high-level roundtable in Lagos.

The event, themed “Four Years After the Petroleum Industry Act: Rethinking the Experience, Restating the Future,” will bring together key industry stakeholders including operators, regulators, trust board members, legal professionals, and community leaders to assess the current state of Host Community Development Trust implementation and chart a more effective and inclusive path forward.

“The industry has mastered the mechanics of Host Community Development Trust establishment,” says Oyeyemi Oke, Managing Director of First Fiduciary Limited. “However, operational excellence in trust administration requires a fundamentally different approach to stakeholder engagement. The operators achieving real community impact have moved beyond transactional compliance to create strategic partnerships aligned with both development and business sustainability. This roundtable will explore what makes those models work and why others are falling short.”

SOSG Unveils SubsidiSed Food Shop For Citizens Onuminya Innocent ÓØ ÙÕÙÞÙ In a bid to alleviate economic hardship, Sokoto State Governor, Ahmed Aliyu Sokoto, has launched a subsidized food program for citizens.

The program, dubbed, “Shagon

Sauki Na Amadun Alu,” aims to provide essential food items at reduced rates to state civil servants, local government staff, and pensioners.

At the launch ceremony, Sokoto explained that the program is a strategic investment to improve the well-being of citizens.

“We are committed to prioritizing the welfare of our people through various initiatives that would make life meaningful,” he said.

Speaking at the event, Jigawa state governor, Malam Umar Namadi, commended Governor Aliyu for prioritising the welfare of the people of Sokoto

MARKET INDICATORS MONEY AND CREDIT STATISTICS (MILLION NAIRA) Month

NOVEMBER

Money Supply (M3)

108,966,480.44

-- CBN Bills Held by Money Holding Sectors

19,796.18

Money Supply (M2)

108,946,684.26 72,672,756.90

-- Narrow Money (M1)

36,273,927.36

---- Currency Outside Banks

4,652,527.74

---- Demand Deposits

31,621,399.62

Net Foreign Assets (NFA)

17,347,112.78

Net Domestic Assets(NDA)

91,619,367.66

-- Net Domestic Credit (NDC)

115,576,757.67

---- Credit to Government (Net)

39,616,629.91

---- Memo: Credit to Govt. (Net) less FMA

0.00

---- Memo: Fed. and Mirror Accounts (FMA)

0.00

---- Credit to Private Sector (CPS)

75,960,127.77

--Other Assets Net

12,147,461.96

Reserve Money (Base Money)

30,871,571.25

--Currency in Circulation

4,878,125.22

--Banks Reserves

25,993,446.02

--Special Intervention Reserves

278,860.37 ˾ ÙßÜÍÏ ̋

Money Market Indicators (in Percentage) Month

November

Inter-Bank Call Rate

28.88

Minimum Rediscount Rate (MRR) Monetary Policy Rate (MPR)

27.50

Treasury Bill Rate

18.00

Savings Deposit Rate

6.56

1 Month Deposit Rate

8.48

3 Months Deposit Rate

9.53

6 Months Deposit Rate

12.13

12 Months Deposit Rate

14.22

Prime Lending rate

18.39

Maximum Lending Rate

31.06

NSE MARKET INDEX NSE

% Change

CAP

0.75%(52%YoY)

Index

0.9% (29%Y/D) ˾ ÙØÏÞËÜã ÙÖÓÍã ËÞÏ ̋ Ͱ͵˛ͳͮϱ

OPEC DAILY BASKET PRICE AS AT 6TH JANUARY , 2025

The price of OPEC basket of twelve crudes stood at $76.18 a barrel on Monday, compared with $75.89 the previous Friday, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

31

T H I S D AY ˾ FRIDAY, JUNE 27, 2025

MARKET NEWS

Stock Market Halts Six-days Winning Streak, Drops by N307bn Kayode Tokede The Nigerian stock market yesterday halted a six-day positive momentum due to investors profit-taking in BUA Foods Plc and 36 others, dragging market capitalisation lower by N307 billion.

With BUA Foods dropping 6.46 per cent to close at N449.00 per share, the Nigerian Exchange Limited All Share Index (NGX ASI) shed 485.01

basis points or 0.40 per cent to close at 120,772.68 basis points.

Similarly, the market capitalisation lost N307 billion to close at N76.454 trillion.

Consequently, the NGX ASI month-to-date and yearto-date returns moderated to +8.1per cent and +17.4per cent, respectively.

Investor sentiment, as measured by market breadth closed negative as 32 stocks gained, while 37 lost. Unilever Nigeria

P R I C E S MAIN BOARD

F O R DEALS

recorded the highest price gain of 10 per cent each to close at N95.15, 22 kobo and N68.20 respectively, per share.

Honeywell Flour Mills followed with a gain of 10 per cent to close at N51.70, per share. NEIMETH International Pharmaceuticals rose by 9.98 per cent to close at N5.40, while UACN increased by 9.97 per cent to close at N38.05, per share.

CAP rose by 9.92 per cent to close at N47.10, while Prestige

S E C U R I T I E S

MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N )

Assurance rose by 9.80 per cent to close at N1.12, per share.

On the other hand, Thomas Wyatt Nigeria led the losers’ chart by 10 per cent to close at N2.07, per share. NAHCO followed with a decline of 9.99 per cent to close at N91.00, while Oando declined by 9.96 per cent to close at N61.90, per share.

ABC Transport depreciated by 8.92 per cent to close at N2.45, while Champion Breweries declined by 8.34 per cent to

T R A D E D MAIN BOARD

close at N10.00, per share.

Meanwhile, the total volume traded rose by 3.63 per cent to 892.971 billion units, valued at N18.226 billion, and exchanged in 25,375 deals.

Transactions in the shares of Ellah Lakes topped the activity chart with 113.499 million shares valued at N851.090 million. Access Holdings followed with 76.192 million shares worth N1.738 billion, while Caverton Off-

A S O F

shore Support Group traded 64.862 million shares valued at N334.833 million.

Japaul Gold & Venture traded 61.565 million shares valued at N126.663 million, while Zenith Bank sold 60.301 million shares worth N3.471 billion.

On market outlook, Afrinvest Limited said, “we expect the local bourse to extend the negative performance, driven by continued profit taking activities.”

J U N E / 2 5 / 2 5 DEALS

MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N)

32

FRIDAY, ͺͿ˜ ͺ͸ͺͽ ˾ THISDAY

IMAGES Inauguration of the Kugbo Bus Terminal, Abuja …yesterday

R-L: MD, Planet Projects, Abiodun Otunola, FCT Minister, Nyesom Wike, Senate President, Godswill Akpabio, Senate Leader, Opeyemi Bamidele and APC National Chairman, Dr Umar Ganduje

FCT Minister, Nyesom Wike, Senate President, Godswill Akpabio, APC National Chairman, Dr Umar Ganduje and others at the Kugbo Bus Terminal’s CCTV Control Room

Senate President Godswill Akpabio and FCT Minister, Nyesom Wike using the Bus Terminal’s elevator

Friendship! Chairman of Rivers State Elders Council, Chief Ferdinand Alabraba watches as Senate President Godswill Akpabio and FCT Minister, Nyesom Wike exchange greetings

L-R: Senator Philip Aduda, former Deputy Speaker of the House of Representatives, Hon Chibudom Nwuche, PDP National Secretary, Senator Samuel Anyanwu, Senator Mao Ohuabunwa, former Governors of Enugu and Benue States, Ifeanyi Ugwuanyi and Samuel Ortom

R-L: APC National Vice Chairman (South South), Hon Victor Giadom, his PDP counterpart, Chief Dan Orbih and Senator Olaka Nwogu

R-L: MD, Planet Projects, Abiodun Otunola, Senator Asuquo Ekpenyong, Senator Solomon Olamilekan Adeola, FCT Minister, Nyesom Wike, Senate President, Godswill Akpabio, APC National Chairman, Dr Umar Ganduje, Senate Leader, Opeyemi Bamidele, Senate Minority Whip, Osita Ngwu and Chairman of Senate Committee on FCT Area Council, David Jimkuta

L-R: Hon Emeka Woke, Hon Emmanuel Deeyah, Senators Sandy Onoh and Magnus Abe

The Kugbe Bus Terminal

R-L: FCT Minister, Nyesom Wike, MD of Planet Projects, Abiodun Otunola, Senate President Godswill Akpabio, APC National Chairman, Dr Umar Ganduje, Senate Leader, Opeyemi Bamidele taking a tour of the Bus Terminal

33

THISDAY ˾ ˜ ͺͿ˜ ͺ͸ͺͽ

NEWS

GRAND FINALE OF A WEEKLONG PROGRAMME TO COMMEMORATE WORLD DRUG DAY...

Chairman/Chief Executive of NDLEA , Brig Gen Mohamed Buba Marwa (Rtd); Secretary to the Government of the Federation, Senator George Akume and Executive Chairman of EFCC, Mr. Ola Olukoyede at the grand finale of a weeklong programme to commemorate the World Drug Day at the Conference Centre, Presidential Villa, Abuja ... yesterday

House Demands Urgent Probe into Alleged N50bn Corruption, Asset Stripping in Nigeria Police Force Raises concerns over unauthorized sale of barracks, fraudulent contracts, misuse of security funds Juliet Akoje in Abuja The House of Representatives has urged an immediate and thorough investigation into the Nigeria Police Force (NPF) following serious allegations involving over N50 billion in corruption, fraudulent contract awards, and unauthorized disposal of police assets.

This resolution followed the adoption of a motion of urgent national importance moved by Hon. Ibe Okwarra Osunwa, Hon. Mark Esset, and Hon. Jafaru Leko, at plenary on Thursday.

Introducing the motion, Hon. Osunwa condemned what he described as widespread decay within the Police Force, warning that persistent financial irregularities, abuse of office, and illegal asset disposal seriously endanger Nigeria’s internal security and erode public confidence.

He referenced multiple investigative reports which revealed that the Police Procurement Department allegedly broke down a N6 billion uniform supply contract into 66 smaller transactions in a bid to circumvent the provisions of the Public Procurement Act, 2007.

The lawmakers said: “there were reports that key national assets such as the Garki Police Barracks in Abuja,

Falomo Barracks in Lagos, and Bompai Barracks in Kano were sold off to private buyers associated with Exima Realty Ltd. “These transactions reportedly took place without approvals from the Infrastructure Concession Regulatory Commission (ICRC), the Ministry of Police Affairs, or the Federal Executive Council (FEC).”

Hon. Esset said: “This is more than a financial irregularity. it’s a direct attack on our national

security infrastructure. Selling off accommodation meant for law enforcement officers without due process seriously undermines our crime-fighting capability.”

Also, the lawmakers alleged that several suspicious contracts worth tens of billions of naira were issued under the 2024 budget to firms such as Dexterity Development Ltd., KC Construction Ltd., and Strong Tower Infrastructure Development Ltd. These contracts reportedly lacked

Alex Enumah in Abuja Justice Binta Nyako of the Federal High Court, Abuja, has fixed a new date for judgment in the suit filed

by Kogi Central Senatorial District Senator, Natasha Akpoti-Uduaghan, challenging her suspension from the National Assembly.

The court had on May 13, fixed June 27, for judgment in the suit seeking to nullify her suspension for being illegal and unlawful.

However, less than 24 hours to the June 27 date for judgment, a notice of a new date of July 4, has been sent to lawyers representing parties in the suit.

No reason was however given for the change in the date.

After taking arguments from lawyers representing parties in the suit, Justice Nyako had announced that judgment would be delivered on June 27.

While the Kogi senator is the sole

Ukraine-Russia conflict leads to cancellation of 2,000 flights per day The International Air Transport Association (IATA) has cried out about the safety and security challenges airlines face flying people across the global airspace ridden with conflicts.

IATA’s Senior Vice President, Operations, Safety and Security, Nick Careen, has lamented increasing threats to flight operations and safety of air travellers when carrying them from one part of the world to another amid series of wars going on across the globe.

Careen reminded war mongers of the long-standing agreement by states that civilians must never be targets of military operations, as contained in the Chicago Convention, which is the bedrock of international civil aviation, but sadly, despite this, there were few times commercial flights were inadvertently targeted and many lives were consumed in tragic crashes.

He said recent conflict in the Middle East “understandably” has

lighted that more than N50 billion was allegedly disbursed to questionable or unqualified firms - such as PSGL Nigeria Ltd., SOLYD Nigeria Ltd., Toffy Ventures Ltd., Rush Rights Ltd., Value Exchange Ltd., and Radio Tactics Global Services - for equipment and supplies including firearms, boots, gunboats, and forensic tools, most of which were reportedly never delivered.

“These disclosures point to a deeply entrenched culture of lawlessness and intentional subversion of procurement

and accountability frameworks within the Police Force,” said Hon. Jafaru Leko.

In response to the allegations, the House has however directed its Committees on Public Accounts and Procurement to launch a detailed investigation into the following the unauthorized sale of police property, breaches of procurement regulations, fund misappropriation, and contract related frauds linked to the 2024 budget.

Alleged Unlawful Suspension: Court Shift’s Judgment to July 4 in Akpoti-Uduaghan’s Suit against Senate, Akpabio, Others

IATA Bemoans Security Challenges in Operating in Conflict-ridden Global Airspace Chinedu Eze

the necessary procurement procedures, including Bureau of Public Procurement (BPP) no-objection certificates and relevant ministerial endorsements.

They also raised red flags over the alleged diversion of N2.9 billion intended for the Safe School Initiative to a company named Vigiscope Ltd., which allegedly lacks the required statutory clearances, including the compulsory NITDA certification for ICT-related contracts.

Furthermore, the lawmaker high-

passengers asking what measures are in place to keep flying safely when there are military activities including missile launches.

“It’s a legitimate question. The downing of Azerbaijan Airlines flight 8243 in December last year was a fresh reminder that the risks in conflict zones are real. And a simple internet search will find other examples.

“These extremely rare tragedies drive everyone in aviation to do their utmost to keep flying safe at all times, and especially when there is armed conflict,” he said.

Careen noted that most travellers will be completely unaware of the work that this involves; observing that while assessing risk is subjective in nature, there is a layered approach to managing flying when conflicts break out or escalate.

“The first layer is the longstanding agreement by states that civilian aircraft must never be the target of military operations. This is written in the Chicago Convention which is the bedrock of international civil

aviation.

“The second layer of protection is the obligation of states to consider any risks and declare their airspace open, closed or restricted in any way. This information is broadly circulated among governments, airlines, providers of air traffic management services and others through a system of NOTAMs - or Notices to Airmen. If airspace is closed or restricted, airlines cannot, do not and will not use it.

“A third layer is the airline’s regulator who may decide, based on their assessment, that airlines operating under their jurisdiction must avoid certain areas or take extra-precautions. These restrictions are also communicated to all airlines through NOTAMs and other means of direct communication.

“In many cases aligned states will follow the lead of key regulators like the FAA (US Federal Aviation Administration) or EASA (European Union Aviation Safety Agency) on such judgements,” he said

plaintiff in the suit, the Clerk of the National Assembly, the Senate, the Senate President, Godswill Akpabio and the Chairman of the Senate Committee on Ethics, Privileges, and Public Petitions, Senator Nedamwen Imasuen are 1st to 4th respondents respectively.

The Senate had on March 5, suspended the senator representing Kogi Central District at the National Assembly for six months, for allegedly breaching the rules of the Senate, after she refused to relocate to the new seat allocated to her in the red chamber.

Besides her refusal to vacate her former seat for the new allottee, the Senator had engaged in argument with the Senate President, as well as laying allegations of sexual harassment against Akpabio.

Displeased with the decision of the leadership of the upper house, Akpoti-Uduaghan had approached

the court to declare her suspension as unlawful and illegal.

Besides, she brought an application seeking the committal of Akpabio to jail for violating an order of the court issued on March 4, restraining the leadership of the Senate from taking any action against her until the hearing of the substantive suit.

In his final submission AkpotiUduaghan’s lawyer, Michael Numan, SAN, urged the court to grant his client’s relief by reversing the Senate Committee’s decision. He also countered allegations of contempt of court.

Meanwhile, the respondents challenged the jurisdiction of the court to hear the matter.

They further urged the Court to dismiss the case instituted by the suspended Kogi Central Senator, for being incompetent and lacking in merit.

After taking arguments from all parties in the matter, Justice Binta Nyako announced that judgment had been fixed for June 27.

The judge held that her verdict will be delivered alongside two applications bordering on disobedience of the orders of the court by parties.

While the Clerk of the National Assembly and Akpabio who are both 1st and 3rd respondents respectively, had accused Akpoti-Uduaghan of disobeying the orders of the court which had barred parties from speaking with the media, the suspended senator argued that the respondents violated the March 4, orders of the court, when they went ahead to suspend her for six months.

Akpoti-Uduaghan also claimed that two senior lawyers, Chief Olisa Agbakoba and Monday Ubani, had commented on the subject matter before the court on the media.

Okpebholo: Edo Govt Not Obtaining N100bn Loan But Credit Facility for Contractors Adibe Emenyonu in Benin City The Edo State Government on Thursday said it is not obtaining N100 billion loan but sought a credit facility for contractors handling various projects in the state.

A statement by the Chief Press Secretary (CPS) to Governor Monday Okpebholo, Mr. Fred Itua and made available to journalists in Benin City, noted the state government is strategically positioned as a guarantor for contractors handling critical infrastructural projects across the state which guarantee them secure the necessary funding for project execution from First Bank Plc. The statement added the clarification is crucial to correct any misconception

arising from reports suggesting the governor had directly obtained an approval to borrow the aforementioned sum.

The statement read in part: “The arrangement is specifically a contractor loan facility designed to empower nominated contractors with direct access to capital for their projects, with the State’s guarantee underpinning the financial transaction.

“This innovative approach is a deliberate move by Governor Okpebholo’s administration to accelerate the development of key infrastructure across Edo State. The funds, which will be disbursed by First Bank Plc directly to the contractors based on their project demands, have a tenure of 40 months.

“The Edo State Government is fully committed to fulfilling its guarantee obligations by ensuring timely payments to the bank as agreed, thereby guaranteeing the seamless and expeditious execution of these vital projects.

“Among the priority projects earmarked for execution under this funding mechanism are: Construction of a flyover bridge at Adesuwa Road; Construction of Evbhukhu-Sapele Road with surface and underground drainage system in Oredo LGA; Construction of Eguaolor-Iguomo-Uvbenisi-Oza Road with Spur to Ohe community in Uhunwonde LGA; and Construction of Okpagha-Amufi Road with Spur to AG Bonze Street, Daddy J Road, and Michael Agbedon Street in Uhunwonde/Ikpoba Okha LGA.

34

FRIDAY, J ͺͿ˜ ͺ͸ͺͽ ˾ THISDAY

NEWS

INTERNATIONAL WIDOWS DAY CELEBRATION 2025...

L-R’: Vice President Zone D, (North Central), Nigerian Association of Women Journalists (NAWOJ), Comrade Chizoba Ogbeche; Founder, Helpline Social Support Initiative (HSSI), Dr. Jummai Ahmadu; Minister for Women Affairs, Imaan Suleiman Ibrahim and the Permanent Secretary Federal Ministry of Women Affairs, Dr. Maryam Ismaila Keshinro, during the HSSI in collaboration with Ministry of PHOTO: ENOCK REUBEN Women Affairs to mark 2025 international widows Day celebration in Abuja ... recently.

NJC Recommends Retirement of 10 Imo Judges, Appoints 21 Others Reiterates directive to Governor Uzodimma to swear in most senior judge as acting CJ Alex Enumah in Abuja The National Judicial Council (NJC) has recommended the compulsory retirement of 10 judges of the Imo State Judiciary over various offences.

While nine of the judges recommended for sack were found guilty of age falsification, the 10th, Justice T. N. Nzeukwu is to be relieved of his appointment for breaching constitutional provisions on hierarchy of judges.

The decision to sack the affected judicial officers was said to have been

taken at the end of the NJC’s 109th Meeting presided over by the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun.

The meeting looked at the reports of its Investigation Committee on allegations of age falsification against eighteen (18) Judges of the Imo state judiciary on the one hand and the queries issued to Justices V. U. Okorie and T. N. Nzeukwu.

The report disclosed that nine of the 18 judges were found to have altered their dates of birth in their official records in order to confer on

themselves the undue advantage of staying longer in service.

Those recommended for sack according to a statement issued by NJC’s Deputy Director, Information, Kemi Babalola Ogedengbe, included; Justice M. E. Nwagboso (High Court); Justice B. C. Iheka (High Court); Justice K. A. Leaweanya (High Court); Justice Okereke Chinyere Ngozi (High Court); and Justice Innocent Chidi Ibeawuchi (High Court).

The others are; Justice Tennyson Nze (Customary Court of Appeal); Justice Ofoha Uchenna (Customary

Court of Appeal); Justice Everyman Eleanya (Customary Court of Appeal); and Justice Rosemond Ibe (Customary Court of Appeal).

Those exonerated are; Justice I. O. Agugua (High Court); Justice C. A. Ononeze-Madu (High Court); and Justice L. C. Azuama (High Court).

“The two Judges given a clean bill of health owing to provision of acceptable explanation for discrepancies in their dates of birth are: Justice Vincent I. Onyeka (High Court) and Justice Vivian O. B. Ekezie (High Court).

“Council directed that Justice

St. Jude, LUTH, TDCF Partner, to Improve Pediatric Cancer Survival in Nigeria Sunday Ehigiator In a renewed push to bridge the alarming survival gap in childhood cancer between high-income and low-income nations, St. Jude Global Alliance has strengthened its commitment to Nigeria through expanded partnerships and capacitybuilding initiatives with the Lagos University Teaching Hospital (LUTH) and The Dorcas Cancer Foundation (TDCF).

With a mission that “no child should die at the dawn of life,” St Jude supports a global alliance to combat childhood cancer through research, education, innovation, evidence-based strategies and clinical partnerships.

Representatives from the St. Jude Global Alliance visited Nigeria for a high-level working visit, following

its recent admission of TDCF as the first Nigerian non-profit organisation to join this global network of over 400 institutions across more than 80 countries.

The Director for sub-Saharan Africa and Pediatric Oncologist at St. Jude Children’s Research Hospital, Dr. Nickhill Bhakta, engaged directly with key stakeholders in Lagos to support accelerating pediatric oncology transformation in Nigeria.

He said the focus is on how to further empower the team at LUTH and their foundation partners, to ensure more children across Nigeria have access to quality treatment.

Bhakta said currently, childhood cancer survival rates in Nigeria hover below 20 per cent, a stark contrast to over 80 per cent in countries like the United States describing this as “one of the

greatest health-related disparities in modern medicine,” and stating that St. Jude is determined to help close this gap.

He said the initiative targets a global survival rate of 60 per cent for childhood cancer by 2030.

The Executive Director and Founder of The Dorcas Cancer Foundation, Nigeria’s first pediatric radiation oncologist, Dr. Adedayo Joseph, said the visit highlights the importance of collaborative action in addressing the unique challenges and opportunities facing countries worldwide, including those in Africa, in delivering childhood cancer care.

Joseph, who also serves as the Director of Clinical Research and Head of Pediatric Radiation Oncology, Medserve–LUTH Cancer Centre, said for the first time in Nigeria and West Africa, young

Niger Govt Closes IBB Varsity over Robbery Attack Laleye Dipo in Minna As tension persisted at the IBB University, Lapai, following attacks by armed robbers, which led to the death of a 200 level Chemistry/Education student, Abdulwahab Jafar, the Niger State Government, has announced an indefinite closure of the institution.

This was just as the Lapai Emirate Council reviewed the curfew it imposed on the town for the same reason.

Secretary to the state Government, Alhaji Abubakar Usman, Wednesday

night, in a statement, said Governor Mohammed Umaru Bago approved the indefinite closure “in light of recent security breaches and the unfortunate loss of lives within the university community.

“The safety and security of all citizens, including the students, remain a top priority for the government,” adding that the state government was deeply saddened by the recent incidents and measures were being taken to address the situation swiftly.

The government urged the university community to remain

vigilant, calm, and cooperate with the authorities during this period of closure, pointing out that government was working diligently to restore order, ensure the safety of all citizens, and maintain peace within the state.

Usman assured the public that every effort was being made to investigate the security breaches and bring perpetrators to justice, stressing that, “The government is resolute in its commitment to upholding law and order, as well as protecting the lives and property of all residents in Niger State.”

people with brain tumors, kidney tumors and even leukemias have access to and modern radiotherapy with techniques such as intensity modulated (IMRT) and Volumetric Arc Radiation known as VMAT at LUTH. Joseph, who is also a pioneer in hypo-fractionated radiotherapy in Nigeria, said the team at LUTH is currently undergoing an intense training programme with the St. Jude Children’s Research Hospital, which is one of the many opportunities this alliance opens up for Nigerian providers and their patients.

Onyeka and Justice Ekezie must maintain the date of birth supplied by the Council of Legal Education in their official records.

“Four other Judges absolved on account that they genuinely corrected their dates of birth to their disadvantage are: Justice P. U. Nnodum (High Court); Justice Alma Ngozi Eluwa (High Court); Justice Matthew Chinedu Ijezie (High Court); and Justice Ononogbo Chidi Linus (High Court)”, the statement said.

Meanwhile, Justice T. N. Nzeukwu was found to have made himself available to be sworn in as acting Chief Judge of Imo State High Court knowing fully well that he was number four in the hierarchy of Judges of the Imo State Judiciary and contrary to Section 271 (4) of the Constitution of the Federal Republic of Nigeria, as amended”, the statement read in part.

The committee which subsequently recommended the compulsory retirement of Justice Nzeukwu did not however found the President of the Customary Court of Appeal, Imo State, Hon Justice V. U. Okorie who chaired the Commission that nominated Justice Nzeukwu as acting Chief Judge guilty on the grounds that he dissented on record against the recommendation to appoint Justice T. N. Nzeukwu as acting Chief Judge.

“Council however reiterated its earlier direction to the Imo State Governor, Senator Hope Uzodinma to swear in the most Senior Judge of the State as the acting Chief Judge”, the statement added.

In a related development the NJC has barred a Judge of the National Industrial Court, Justice Isaac J. Essien, from being considered for promotion to a Higher Court for three years due to misconduct.

Justice Essien was found to have wrongly ordered the confiscation of over N1 billion belonging to the Nasarawa State Government and its Local Government Councils, despite being aware that there was a pending appeal and a pending application for stay of execution.

“Council also noted that he refused to step aside from the case after the Nasarawa State Government raised concerns about possible bias”, it said.

“Justice Essien was a former staff member of the State University, which owed him gratuity, and he had earlier demanded payment using the official letterhead of the Court — a clear breach of Code of Conduct for Judicial Officers.

“Council further criticized him for personally visiting the Court of Appeal registry to confirm if an appeal had been filed in the case — an action considered highly inappropriate for a Judge.

“His Lordship was found to have violated several rules in the Revised Code of Conduct for Judicial Officers and was reprimanded and barred from elevation to a higher judicial office for a period of three years”, the statement noted”, the statement said.

Meanwhile, the NJC have recommended the appointment of 21 judicial officers.

IFS Group: 80 Hospitals Shut in Two Months as Brain Drain Widens Skills Gap Dike Onwuamaeze The Chief Executive Officer of the International Facilities Services Limited (IFS) Group, Dr. Tunde Ayeye, yesterday bemoaned the drain on the Nigerian labour force by the ‘Japa’ syndrome, stressing that 80 hospitals were shut down by the group in Victoria Island and Ikoyi axis of Lagos State within two months.

Ayeye made this disclosure in his keynote presentation during the June 2025 Breakfast Forum of the Nigeria-South Africa Chamber of Commerce (NSACC) with the theme: “The Future of Work and Workplace: A Looming Crisis.”

He said: “The point I want to make is that in the last two months our healthcare business has shut down 80 hospitals in Lagos Island alone due

to a dearth of skills because of ‘Japa.’

I am not talking about the whole of Lagos State. I mean in Victoria Island and Ikoyi alone because of all these challenges.

“The question we should be asking is whether the graduates we are producing are ready for the labour market?”

He said that this should be the major conversation the sector should have as business people and as a nation with the hope of coming up with sustainable solutions.

“It is one of the toughest challenges big businesses are facing in the country. The truth of the matter is that I believe that our human capital situation is really at the precipice of a major crisis and we need to address this very decisively in a structured manner,” he said Ayeye described the mass

exodus of skilled manpower out of the country as a manifestation of mental behavior that is characterised by irrational decisions. “Right now, we have introduced robots because I cannot get good managers,” he said.

In her welcome address the Chairman of NSACC, Dr. Ije Jidenma, said that the theme was urgent because across Africa and the globe, “we are witnessing seismic shifts in how, where, and why we work.”

She added: “Some call it transformation. Others call it disruption.

But what we all recognise is that the world of work is keyed for spiralling change that has not been experienced in recent times.”

She said that technological displacement in the form of AI, automation, and digital tools are reshaping job roles faster than the sector is retraining for them.

35

THISDAY ˾ ˜ ͺͿ˜ ͺ͸ͺͽ

NEWS

SANWO-OLU IS 60...

R-L: The celebrant/Governor of Lagos State, Mr. Babajide Sanwo-Olu; First Lady, Dr. Ibijoke; the governor’s daughter; wife of the Deputy Governor, Mrs. Oluremi Hamzat; her husband, Dr. Obafemi Hamzat; and Iyaloja-General, Chief (Mrs) Folashade Tinubu-Ojo, during a special thanksgiving service to mark the 60th birthday of Governor Sanwo-Olu, at the Eko Hotels and Suites, Victoria Island, Lagos, on Wednesday

Senate Holds Nationwide Security Dialogue CDS meets Benue chiefs, Yelewata tops agenda Afenifere renews call for Restructuring FG to introduce national flood insurance policy to combat perennial flood disasters Michael Olugbode, Sunday Aborisade in Abuja, George Okoh in Makurdi and Fidelis David in Akure The Senate, yesterday, unveiled plans to engage stakeholders across the country’s six geo-political zones in a series of nationwide consultations aimed at crafting sustainable solutions to the mounting insecurity.

Also, yesterday, the Chief of Defence Staff, General Christopher Musa, convened a peace advocacy meeting with their Royal Majesties, the Tor Tiv, Professor James Ortese Ayatse, and the Och’Idoma, John Odogbo, with other traditional leaders also in attendance, in a renewed drive for sustainable peace and security in Benue State.

This was as Afenifere, has called for the establishment of state police and restructuring of the country to address the current security challenges facing the nation.

In a related development, the federal government, has moved to combat the perennial flood disasters in the country with the development of a National Flood Insurance Policy and Implementation Framework.

Senate Leader and Chairman of the Ad-hoc Committee on National Security Summit, Opeyemi Bamidele, made the senate announcement during the committee’s inaugural meeting.

Bamidele stressed that development efforts would continue to falter without lasting peace and security.

“No amount of investment in infrastructure can yield meaningful results if insecurity persists,” he said, adding that peace remained the bedrock of national progress.

The 20-member committee was constituted to organise a national security summit and formulate actionable strategies to address Nigeria’s complex security challenges.

Members included Senate Chief Whip, Senator Tahir Monguno; Senate

Minority Leader, Senator Abba Moro; Minority Whip, Senator Osita Ngwu; and chairpersons of key committees overseeing the nation’s security architecture.

Others were Senators Adams Oshiomhole (Interior), Ahmad MalamMadori (Police Affairs), Gbenga Daniel (Navy), Ahmed Lawan (Defence), and Abdulaziz Yar’Adua (Army).

Addressing the committee, Bamidele underscored the need for a context-specific approach to security reform.

“Our mission is to ensure that every Nigerian, regardless of region, ethnicity, or status, can live, work, and thrive in peace,” he declared.

As part of its mandate, the committee would host zonal dialogues that engage not only political and security stakeholders, but also victims of armed violence, whose voices Bamidele said must be heard in shaping Nigeria’s security future.

“We are going to the zones to listen to the fears, frustrations, and hopes of our people. Only by understanding the root causes and hearing from those directly affected can we propose real, effective change,” he stated.

According to him, “Violence is no longer confined to traditional flashpoints. It is spreading to areas once considered safe, like Kwara, and intensifying in places such as Benue.

“In the South-East, kidnapping and separatist violence are almost daily occurrences. In the South-West, ritual killings are on the rise. Meanwhile, the South-South continues to battle oil sabotage and maritime crime, threatening our national economy,” Bamidele added.

He assured Nigerians that the Senate would explore bold, inclusive solutions by collaborating with traditional rulers, security agencies, civil society groups, local governments, and the media.

“Peace, unity, and inclusion are

non-negotiable foundations for Nigeria’s development. This committee is committed to delivering actionable recommendations that will restore hope and security to all Nigerians,” Bamidele concluded.

CDS Meets Benue Chiefs over Insecurity The Chief of Defence Staff, General Christopher Musa, has convened a peace advocacy meeting with their Royal Majesties, the Tor Tiv, Professor James Ortese Ayatse, and the Och’Idoma, John Odogbo, with other traditional leaders also in attendance, in a renewed drive for sustainable peace and security in Benue State.

The meeting, held at the Old Banquet Hall of Government House Makurdi, marked the second in a series of engagements with royal fathers and community stakeholders.

Briefing journalists after a closed door session, General Musa emphasised the sincerity of the federal government and military leadership in resolving the security challenges confronting Benue State.

He recalled previous consultations, including the recent visit by President Bola Ahmed Tinubu, as part of ongoing efforts to secure the state and ensure displaced citizens return to their communities.

“We have a challenge in Benue State, and I believe working together, we will find a solution,” he said, adding: “When we sit down and talk sincerely, bringing out all that is affecting us, we’ll be able to find the solution.”

The CDS appreciated the Tor Tiv and Och’Idoma for their candid contributions and called for continued collaboration between the communities and security agencies.

He urged royal fathers to regard the military as partners and “sons” working towards peace in a region with shared history and struggles.

2027: Hunger, Insecurity May Sack You If Not Addressed, Ohanaeze Warns Tinubu Benjamin Nworie in Abakaliki

The Ohanaeze Ndigbo, has warned President Bola Tinubu that he might be sacked in 2027 if he failed to address the escalating insecurity, extreme poverty and hardships in the country.

The body also warned that Northern governors mightultimately disappoint Tinubu’s expectations during the 2027 elections, siding instead with their constituents, who feltalienated from his policies.

In a statement by the Deputy President General of the body,

Okechukwu Isiguzoro, Ohanaeze Ndigbo noted that Nigerians were enduring overwhelming suffering and if their grievances remained unaddressed, a revolt against Tinubu’s administration through the ballot box would be a reality.

Isiguzoro said, “Southern governors will likely remain divided, attempting to navigate their political survival at the expense of their support for your agenda. This division will complicate the efforts required to secure your backing in their respective states.”

He stressed that the federal

government must confront the harsh truths surrounding worsening insecurity, relentless hunger, and extreme poverty that have now reached intolerable levels.

“The devastating effects of hunger, insecurity, and poverty have reached a point where they will impede the ability of all 36 governors to secure your reelection.

“Many of these governors are offering nothing but false promises, leading you to believe they can deliver their states to the APC while existing in a perilous ‘fool’s paradise’.

Responding, the Tor Tiv acknowledged significant improvements since the last engagement and expressed optimism that the renewed dialogue would help to permanently address the state’s security woes.

“Our people also have some roles in the conflict, including cattle rustling. We are taking responsibility and working to bring our people under control to prevent further clashes,” he stated, urging security forces to apprehend and prosecute any criminal elements within the traditional domain.

The Och’Idoma, on his part, stressed the need to differentiate between peaceful Fulani residents and armed herders responsible for violence.

“We are not saying all Fulani should leave. The known, peaceful ones have been with us for years. We are asking only those carrying arms and causing terror, killing, raping, and destroying our farms to leave,” he said, adding that the people of Benue must be able to return to their farms and feed the nation as the “Food Basket of the Nation.”

Reacting to the traditional rulers’ remarks, Musa warned that certain individuals, both internal and external, were fueling the crisis for political or economic gains.

He emphasised that the military would not condone illegal arms possession or criminal activities, regardless of the perpetrators’ identity or affiliation.

“Anybody bearing arms illegally will be arrested. If he threatens security forces, he will be neutralised. That is the mandate,” the CDS asserted, adding that the military was committed to replicating peace-building

successes recorded in other troubled regions.

He cautioned military personnel against complacency and reminded them of their constitutional duty to protect lives, their colleagues, and host communities.

Speaking on the recent Yelewata attacks, General Musa confirmed the arrest of suspects, adding that prosecution would now follow, a development he said was long overdue.

“We are committed to ending the era where crimes go unpunished.

There will be no sacred persons.

Anyone involved in violence must face justice,” he said.

On the resettlement of displaced persons, the CDS revealed that Yelewata was now secure with additional forces deployed, and preparations were underway to facilitate the immediate return of IDPs to their communities.

Afenifere Renews Call for Restructuring Afenifere, has renewed its call for the establishment of state police and restructuring of the country to address the current security challenges facing the nation.

Afenifere also called on President Bola Tinubu to forward an Executive Bill to the National Assembly to amend the Constitution to allow the establishment of state police and restructuring of the country to address the current security challenges facing the nation.

In a communique by its National Publicity Secretary, Comrade Jare Ajayi, issued at the end of an expanded executive committee meeting held in Akure, the group expressed concern

over the increasing insecurity in Yorubaland and other parts of Nigeria.

“State Police must be established without further delay. In this respect, Afenifere calls on President Bola Tinubu to forward an Executive Bill to the National Assembly to amend the Constitution to allow the establishment of State police in line with his pronouncement that says that State Police is now a necessity.

“We call on the president to use his authority to ensure that the process that will lead to the actualisation of state police get done immediately,”Afenifere noted, adding that while the security agencies were trying their best, the current situation could not be quelled by force of arms alone.

The group recommended several steps to address the security situation, including the establishment of state police, procurement and deployment of modern technology equipment, and dealing with internal collaborators.

“Modern technology equipment be procured and adroitly deployed.

Some of these are drones, close circuit cameras etc. While the above are important, the need to deal with internal collaborators is also very crucial.

“As stated by various people in the position to know, including some top government officials, elements within the community, in political offices and among security agencies are collaborating with those who are terrorizing the country,” it stated.

Afenifere also supported the enforcement of anti-open grazing laws and called on President Tinubu to forward an executive bill to the National Assembly to amend the constitution to allow the establishment of state police.

Wike: I Didn’t Allocate 2,082 Hectares of Lands in Maitama and Asokoro to My Son Olawale Ajimotokan in Abuja Minister of the FCT, Nyesom Wike, has debunked as falsehood, reports that he allocated 2,082 hectares of land to one of his sons in Maitama and Asokoro parts of Abuja.

The rebuttal was in a statement yesterday his Senior Special Assistant on Public Communications and Social Media, Lere Olayinka.

Olayinka said not even a single plot of land had been allocated to any of the minister’s children and described the report as “another falsehood from the vault of those whose main job is to malign.”

He derided the purveyors of the publication as quack journalists, who lacked basic training in journalism, asking: “In Asokoro and Maitama of today, where can the FCT Minister

see 2,082 hectares of land to allocate to anyone?

“Only quack journalists will go to town with story of allocation of 2,082 hectares of land in Asokoro and Maitama, reason some of us have continually advocated for professionalism in journalism.”

The minister’s aide challenged the online publisher of the publication to provide evidence of any land allocation bearing the name of any of the minister’s children, saying he was malicious and coated with bitterness.

“My attention has been drawn to yet, another malicious falsehood coming from the same elements whose job is to defame and malign the FCT Minister, Nyesom Wike.

“Even though it is the right of the Minister and members of his family, both immediate and extended

to own lands anywhere in Nigeria, including the FCT, provided all necessary conditions are met, no land has been allocated to any of his children.

“In the publication, a Right of Occupancy (R-of-O) issued to JOAQ Farms and Estate Limited, for Agricultural purpose was the only evidence used to justify the claim.

“For the avoidance of doubt, JOAQ Farms and Estate Limited, a company duly registered in Nigeria got land allocation in Bwari Area Council for the purpose of farming.

“So what’s is wrong with a farmer getting land allocation strictly for the purpose of agriculture? Therefore, the publication, claiming that the FCT Minister allocated 2,082 hectares of land to his son, is false and should be disregarded.”

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FRIDAY, J ͺͿ˜ ͺ͸ͺͽ ˾ THISDAY

NEWS

2025 TECHNOLOGY DINNER AND AWARDS NIGHT...

L-R: Past President, Nigerian Academy of Engineers, Prof. Peter Onwualu; President, Prof. Rahamon Bello; innovator of the Crucible Furnace, Prof. Babson Ajibade and Chairman, Organising committee, PHOTO: ABIODUN AJALA Mr. Keluo Chukwuogo during the 2025 Technology Dinner and Awards Night of the Nigerian Academy of Engineering in Lagos...Wednesday

PDP BoT: Postponing NEC, Reinstating Anyanwu Violate Our Constitutional Order Court hears case on INEC, national secretary crisis on September 22 Chuks Okocha and Alex Enumah in Abuja The Board of Trustees (BoT) of the Peoples Democratic Party (PDP) has described the postponement of the proposedJune 30 National Executive Committee (NEC) meeting of the party as well as the reinstatement of Senator Samuel Anyanwu as the national secretary as a gross violation of the party’s constitutional order.

In a statement by the BoT Chairman, Senator Adolphus Wabara, the action of the acting national chairman was ‘’an unconstitutional pronouncement, purporting to cancel the 100th National Executive Committee (NEC) meeting scheduled to hold on Monday, 30th June, 2025 and directing Senator Samuel Anyanwu to resume as National Secretary of

the Party.’’

Wabara spoke in defence of the Constitution of the PDP, which stated that, ‘’These pronouncements by the Acting National Chairman are null, void and of no effect, being inconsistent and in gross violation of the express provisions of the Constitution of the PDP (as amended in 2017). ‘’For the avoidance of doubt, the National Executive Committee (NEC) is the highest decision-making Organ of the Party, second only to the National Convention. By virtue of Section 31 (3) of the PDP Constitution, the resolution of the NEC at its 99th NEC meeting held on Tuesday, 27th May, 2025 to hold its 100th meeting on Monday, 30th June, 2025 is binding on all Organs and members of the PDP.

‘’To this effect, being a NEC decision, no Organ, group or individual has the power or competence to cancel, adjust or postpone the 100th NEC meeting already scheduled

by NEC to hold on Monday, 30th June, 2025 ‘’It is therefore not within the remit or authority of the Acting National Chairman, to override a collective decision of the NEC. Such conduct amounts to an affront to the constitutional authority of NEC and the collective will of our Party. ‘’The statement purporting to reinstate Senator Samuel Anyanwu as National Secretary is equally spurious and offensive to the spirit and letter of the PDP Constitution, the outcome of the Supreme Court judgment and the resolution of NEC. ‘’The decision of the National

Working Committee (NWC) at its 600th meeting directing the Deputy National Secretary to act as National Secretary in accordance with the extant powers of the NWC remains valid, having not been set aside by the NWC or NEC. The attempt by Amb. Damagum to overturn that decision is a gross abuse of office,’’ he explained.

The BoT chairman said the Board of Trustees, being the conscience of the party could not stand by idly and watch the party descend into chaos through acts of impunity, unilateralism and disregard for constitutional procedures.’

But a joint statement by Hon. Timothy Osadolo, deputy national youth leader; Ibrahim Abdullahi, deputy national Publicity Secretary; Esq Okechukwu Osuoha, Esq

...Suswam: With What’s Going On, I May Leave PDP Soon Chuks Okocha in Abuja With the crisis rocking the Peoples Democratic Party (PDP) becoming seemingly intractable, a former governor of Benue State, Gabriel Suswam, has declared that he might soon dump the party if the situation was not resolved.

The ex-governor said there was a possibility he would dump the party, where he served as a twoterm governor and senator for an alternative party.

Suswam’s comment followed PDP’s fresh conflict after Samuel

Anyanwu was reinstated as the party’s national publicity secretary.

However, the National Working Committee (NWC) of the party was not pleased with the development as the party’s leaders blasted the Acting National Chairman, Umar Damagum, over Anyanwu’s reinstatement.

The NWC, in a statement released on Wednesday, accused Damagum of making statements and taking actions that undermined the party’s constitutionally recognised structures.

The development compounded PDP’s long-standing crisis, with party

leaders divided.

Speaking on a television programme, Suswam said he was tired of the lingering crisis in the party.

Asked if he planned to leave the PDP, he said, “There’s a possibility that I will.”

He added that he could move to any alternative party, including “the Labour Party and the New Nigeria Peoples Party (NNPP). Kwankwaso is a colleague and a friend. So, there are lots of alternatives. ‘’There is a possibility that I will.

There are so many alternatives. There is Labour Party, there’s Alliance

Yahaya Hails Tinubu for Establishing College of Education, Orthopedic Hospital Segun Awofadeji in Gombe Gombe State Governor, Muhammadu Inuwa Yahaya, yesterday expressed deep appreciation to President Bola Tinubu for signing into law, two landmark bills establishing the Federal College of Education (Special) in Dukku and a Federal Orthopedic Hospital in Billiri, both located in Gombe State.

Yahaya described the presidential assent as a profound demonstration of responsive and inclusive leadership that would leave a lasting impact on

education and healthcare in Gombe State and the North-East subregion.

“On behalf of the government and good people of Gombe State, I sincerely commend President Bola Ahmed Tinubu for this historic gesture. These institutions will not only enhance access to quality education and specialized healthcare but will also create employment and stimulate development in our dear state,” the governor said.

He also commended Hon. Ali Isa J.C. and Hon. Abdullahi El-Rasheed for their roles in sponsoring the bills

that led to the establishment of the two federal institutions in Gombe State.

He praised their legislative foresight and commitment to the advancement of their constituencies and the state at large.

He acknowledged the invaluable contribution of the leadership and members of the National Assembly in facilitating the passage of the bills and lauded the collective efforts of all stakeholders whose advocacy and collaboration made the establishment of these vital institutions a reality.

for Democracy, there’s NNPP by Kwankwaso. ‘’ he stressed Asked if he could join the ruling All Progressives Congress (APC), Suswam said he does not rule out the ruling party, saying, “APC can be an alternative.”

, deputy national legal adviser; deputy national women leader, Hajia Maryam; Hon D.U Kamale and David Eneh Chuba, supported the decision to cancel the NEC meeting and reinstate the national secretary.

Court to Hear INEC, Anyanwu, Udeh-Okoye, Others September 22 A Federal High Court in Abuja, has fixed September 22, for hearing in the suit on the authentic National Secretary of the PDP. While the trial court and appellate court had last year sacked Senator Samuel Anyanwu as the National Secretary of the PDP, the Supreme Court had in a unanimous judgment held that issues relating to the leadership of a political party were outside the jurisdiction of any court and subsequently voided the judgments of the two lower courts.

However, before the apex court judgment Anyanwu had approached the Federal High Court in Abuja, for an order of interim injunction, restraining INEC from accepting, acting on or giving effect to any correspondence from the PDP not signed by him pending the hearing and determination of the motion on notice for interlocutory injunction.

In the ex-parte application marked: FHC/ABJ/CS/254/2025 dated and filed on February 13, Anyanwu through his lawyer, K. C. Njemanze, SAN, also sought an order of interim injunction restraining Mr Damagun

from dispatching to INEC any correspondence purportedly emanating from PDP signed by the acting chair and not counter signed by him.

After taking arguments from lawyers representing parties in the suit, Justice Ekwo later fixed judgment for March 25, for judgment.

However, on the scheduled date for judgment, Anyanwu had brought an application seeking to amend their originating process to correct the issue for determination.

Following, the request the court then fixed May 19, for hearing of the motion which was also objected by parties in the suit. Besides, Justice Ekwo had slammed a fine of N150,000 against Anyanwu for stalling the court’s judgment.

Following applications for joinder, the court had included the PDP and Mr Udeh-Okoye in the suit as 3rd and 4th defendants. It also joined the National Vice Chairman, PDP South-east, Ali Odela and Deputy National Secretary of the party, Setonji Koshoedo as 5th and 6th defendants respectively.

However, the case was later transferred to Justice Umar, for determination.

At yesterday’s proceedings, Anyanwu, who was represented by U. C. Njemanze-Aku, informed the court that the matter was originally slated for mention, adding that the plaintiff had received a letter from the 5th defendant requesting that the case be adjourned till September.

INEC Fixes August 16 for Byelections in 16 Constituencies IPAC: Justify Nigerians’ confidence in you by conducting free, fair elections

Adedayo Akinwale in Abuja The Independent National Electoral Commission (INEC) has fixed August 16th, 2025 for by-elections in 16 constituencies across 12 states of the country.

INEC Chairman, Prof. Mahmood Yakubu, disclosed this on Thursday in Abuja at the second regular consultative meeting with political parties.

He revealed that the elections would involve a total of 3,553,659 registered voters spread across 32 Local Government Areas, 356 Wards and 6,987 Polling Units.

Yakubu explained that in the last two years since the inauguration of the national and state assemblies in June 2023, vacancies requiring byelections had occurred nationwide.

He recalled that in February last year, the Commission conducted nine by-elections to fill vacancies resulting from the death or resignation of members of the National and State Houses of Assembly.

The chairman noted that since then, more vacancies had been declared across the country.

He said the outstanding byelections involved two Senatorial Districts — Anambra South and Edo Central; five Federal Constituencies — Ovia South West/Ovia South East in Edo State; Babura/ Garki in Jigawa State; Chikun/ Kajuru in Kaduna State; Ikenne/ Shagamu/Remo North in Ogun State and Ibadan North in Oyo State.

He stressed that the by-elections would also rate place in as nine

state constituencies — Ganye in Adamawa State, Onitsha North I in Anambra State, Dekina/Okura in Kogi State, Zaria Kewaye and Basawa in Kaduna State, Bagwai/ Shanono in Kano State, Mariga in Niger State, Karim Lamido I in Taraba State and Kauran Namoda South in Zamfara State).

“Consequently, the Commission has fixed Saturday 16th August 2025 for bye-elections in 16 constituencies across 12 States of the country involving a total of 3,553,659 registered voters spread across 32 Local Government Areas, 356 Wards and 6,987 Polling Units.

“The Commission will deploy 30,451 officials. However, in spite of the declaration of vacancies, byeelections will not hold in two State constituencies for the time being.

FRIDAY JUNE 27 2025 ˾ T H I S D AY

37

NEWS XTRA

IG Orders Probe of Alleged WORLD OF ISLAM Police Pension Fraud Muharram: The Start of

Edited by: MJO Mustapha Email deji.mustapha@thisdaylive.com

Linus Aleke in Abuja

The Inspector-General (IG) of Police, Kayode Egbetokun, has ordered a comprehensive investigation into the allegations raised in a viral video by a retired Superintendent of Police concerning the welfare and retirement benefits of police pensioners.

The IG therefore, tasked the NPF Pensions Limited to urgently examine the claims, identify any possible lapses, and ensure that appropriate action is taken to address the concerns raised.

A statement by Force Spokesperson, Olumuyiwa Adejobi, an Assistant Commissioner of Police, said the Police were not insensitive to the plight of its pensioners, many of whom dedicated their lives to the service and safety of the nation.

“The IG views the welfare of both serving and retired officers as a priority and recognises that timely and adequate pension administration is crucial to sustaining morale and institutional integrity.

“While efforts have consistently been made to

improve the pension system, the IG acknowledged the importance of constructive feedback in prompting necessary reforms.

“The IG reassures all officers, both serving and retired, and their families of the Force’s commitment to improved welfare and building a system that honours their sacrifices.”

Egbetokun urges stakeholders to remain calm and patient as the NPF Pensions carries out its investigations and engages relevant agencies to ensure lasting solutions.

Gunmen Abduct, Kill Community Leader after N15m Ransom in Anambra David-Chyddy Eleke in Awka Grief and outrage have enveloped Nimo community in Njikoka Local Government Area of Anambra State following the brutal murder of a prominent traditional titleholder and community leader, Chief Ogbuefi Ozo Nnayelugo.

This is coming as a major crackdown on key enablers of violent crimes in the state, led operatives of the state Police Command to bust a drug den in the community.

The respected elder statesman, who was a member of the prestigious Nimo Royal Cabinet, was abducted in his farm by gunmen suspected to be kidnappers.

According to eyewitness accounts, the masked assailants stormed the farm, causing panic among workers who fled the scene, leaving the High Chief vulnerable. He was taken away at gunpoint.

Despite the reported payment of a N15 million ransom to secure his release, the abductors killed him.

His lifeless body, bearing deep machete cuts to the head, was later found dumped in the same farmland where he was kidnapped, a chilling end that has sent shockwaves through

CHANGE OF NAME I, formerly known and addressed as ODELEYE BLESSING ELIZABETH IBUKUN, now wish to be known and address as ADEKOLA ELIZABETH IBUKUN. All former documents remain valid. The general public should take note.

I, formerly known and addressed as MISS UDOM SATURDAY EVELYN, now wish to be known and address as MRS EKWERE UKO EVELYN. All former documents remain valid. The general public should take note.

I, formerly known and addressed as MISS ATAMBI ELE ALEXANDRIA, now wish to be known and address as MRS EFEURHOBO ELE ATAMBI. All former documents remain valid.

The general public should take note.

I, formerly known and addressed as MISS IFUNANYA JENNIFER MMODU, now wish to be known and addressed as MRS IFUNANYA JENNIFER PETER. All former documents remain valid. The general public should take note.

I SULEIMON BALIKIS AYOMIDE, my name was wrongly spelt as SULAIMON BALIKIS AYOMIDE instead of SULEIMAN BALIKIS AYOMIDE and my DoB was wrongly written as 18th April, 1986 , that correct DoB is 18th September 1986. All former documents remain valid, the general public should take note.

the community.

A source in the community described the incident as “barbaric and senseless,” lamenting that even after the ransom was paid, the perpetrators still chose to take the life of the revered elder.

Security operatives have since cordoned off the area, and investigations are underway to track down those behind the heinous act.

As of press time, the Anambra State Police Command has yet to release

an official statement.

Meanwhile, barely one week after gunmen suspected to be cultists attacked students of Federal Polytechnic, Oko, killing two and abducting two others, police in Anambra State have tightened up security in the area and also raided some drug spots.

In the operation, carried out in the early hours of June 25 by operatives of the Special Anti-Cultism Squad based in Enugwu Ukwu, six persons were arrested.

I’m Vulnerable without My husband, Says Ajimobi’s Wife Kemi Olaitan in Ibadan

The wife of the immediate-past Governor of Oyo State, late Senator Abiola Ajimobi, Florence, has said not having her husband around in the last five years has made her so vulnerable, adding that she is stronger and better by the grace of God and the lessons her husband taught her while alive.

She said this at the fifth annual memorial fidau prayer for the first two-term governor of Oyo State, held at his Oluyole Estate, Ibadan residence.

Ajimobi died in Lagos on June 25, 2020, after a brief illness arising from COVID 19 complications.

According to her, she remembers her husband as a friend, mentor, and leader who was always supportive, stating that he was a principled and disciplined man who was forgiving and eloquent.

Despite the challenges she has faced since his passing, she said

she is determined to uphold his legacy and continue his work, while thanking supporters of her husband known as Ajumose Marines for standing by her.

She said: “Five years and it just seems like yesterday to me. I lost a friend, because my husband was not just my husband, he was my friend. He was my number one supporter, mentor and leader. Indeed, he was my cheerleader.

“So not having him around me just makes me feel so vulnerable. But honestly, I want to say thank you to the Almighty God. The one who has kept me going, the one who has sustained me, and the one who has enabled me to be able to stand on my feet.

“Life has not been the same.

But I know that one day everybody has to go. He’s not the first to go, and he won’t be the last to go. It’s what we call God’s time. When it is our time, we all will go. I miss him so much. I really do miss him.

Delta Lauds NUJ Asaba Correspondents On Solar Power Project Omon-Julius Onabu in Asaba Delta State Government has commended the Asaba Correspondents Chapel of NUJ on its Solar Power Project Initiative to address the electricity needs of its members, and reassured them of government’s readiness for sustained collaboration with the media towards the promotion of good governance through its policies and programmes.

The government stressed that the initiative was worthy of emulation by other chapels of the NUJ in the state.

Delta State Commissioner for Works (Rural Roads) and Public Information, Mr. Charles Aniagwu, gave the commendation during the inauguration of

a Solar Power Project at the chapel secretariat in Asaba, yesterday.

Aniagwu, who was represented by a director in the ministry, Mr Harold Ojji, said that it was a delightful development for journalists to embark on infrastructural projects other than their personal needs.

Aniagwu said: “With this energy mix, members of Asaba Correspondents Chapel of NUJ do not need to go elsewhere to charge their gadgets to do their work.” ‘’We as a government will keep commending the media for being our partners in progress, and we will keep appealing for their support and cooperation to ensure that the developments and other activities of government are publicised.’’

the Islamic Calendar

By: Muhammad Taqi Usmani/IslamiCity

Happy New Islamic Hijri Year Muharram is the month with which the Muslims begin their lunar Hijrah Calendar. It is one of the four sanctified months about which the Holy Quran says, “The number of the months according to Allah is twelve months (mentioned) in the Book of Allah on the day in which He created heavens and the earth. Among these (twelve months) there are four sanctified”.

These four months, according to the authentic traditions are the months of Zulqadah, Zulhijjah, Muharram and Rajab.

All the commentators of the Holy Quran are unanimous on this point, because the Holy Prophet (pbuh) in his sermon on the occasion of his last Hajj, has declared: “One year consists of twelve months, of which four are sanctified months, three of them are in sequence; Zulqadah, Zulhijjah, Muharram, and the fourth is Rajab.”

The specific mention of these four months does not mean that any other month has no sanctity, because the month of Ramadan is admittedly the most sanctified month in the year. But these four months were specifically termed as sanctified months for the simple reason that their sanctity was accepted even by the pagans of Makkah.

In fact, every month, out of the twelve, is originally equal to the other, and there is no inherent sanctity, which may be attributed to one of them in comparison to other months. When Allah Almighty chooses a particular time for His special blessings, then it acquires sanctity out of His grace.

Thus, the sanctity of these four months was recognized right from the days of Sayyidina Ibrahim. Since the Pagans of Makkah attributed themselves to Sayyidina Ibrahim they observed the sanctity of these four months and despite their frequent tribal battles, they held it unlawful to fight in these months.

In the Shariah of our Holy Prophet (pbuh) the sanctity of these months was upheld and the Holy Quran referred to them as the “sanctified months”.

The month of Muharram has certain other characteristics peculiar to it, which are specified below.

Fasting during the month The Holy Prophet (pbuh) has said: “The best fasts after the fasts of Ramadan are those of the month of Muharram.”

Although the fasts of the month of Muharram are not obligatory, yet, the one who fasts in these days out of his own will and choice is entitled to a great reward by Allah Almighty. The Hadith cited above signifies that the fasts of the month of Muharram are most reward-able ones among the Nafl fasts i.e. the fasts one observes out of his own choice without being obligatory on him.

The Hadith does not mean that the award promised for fasts of Muharram can be achieved only by fasting for the whole month. On the contrary, each fast during this month has merit. Therefore, one should avail of this opportunity as much as we can.

The day of Ashurah Although the month of Muharram is a sanctified month as a whole, yet, the 10th day of Muharram is the most sacred among all its days. The day is named Ashurah.

According to the Holy companion Ibn Abbas. The Holy Prophet (pbuh), when migrated to Madinah, found that the Jews of Madinah used to fast on the 10th day of Muharram. They said that it was the day on which the Holy Prophet Musa (Moses) and his followers crossed the Red Sea miraculously and the Pharaoh was drowned in its water.

On hearing this from the Jews, the Holy Prophet (pbuh) said, “We are more closely related to Musa than you” and directed the Muslims to fast on the day of Ashurah.

(Abu Dawood) It is also reported in a number of authentic traditions that in the beginning, fasting on the day of Ashurah was obligatory for the Muslims.

It was later that the fasts of Ramadan were made obligatory and the fast on the day of ‘’Ashurah was made optional. Sayyidah Aishah has said: “When the Holy Prophet (pbuh) came to Madinah, he fasted on the day of Ashurah and directed the people to fast it. But when the fasts of Ramadan were made obligatory, the obligation of fasting was confined to Ramadan and the obligatory nature of the fast of Ashurah was abandoned.

One can fast on this day, if he so wills, or can avoid fasting, if he so wills.”

However, the Holy Prophet (pbuh) used to fast on the day of Ashurah even after the fasting in Ramadan was made obligatory.

Abdullah ibn Masud reports that the Holy Prophet (pbuh) preferred the fast of Ashurah to the fast of other days and preferred the fast of Ramadhan to the fast of Ashurahh. (Bukhari and Muslim) In short, it is established through a number of authentic hadith that fasting on the day of Ashurah is Sunnah of the Holy Prophet (pbuh) and makes one entitled to a great reward.

According to another Hadith, it is more advisable that the fast of Ashurah should either be prefixed or suffixed by another fast. It means that one should fast two days: the 9th and 10th of Muharram or the 10th and 11th of it. The reason of this additional fast as mentioned by the Holy Prophet (pbuh) is that the Jews used to fast on the day of Ashurah alone, and the Holy Prophet (pbuh) wanted to distinguish the Islamic way of fasting from that of Jews. Therefore, he advised the Muslims to add another fast to that of Ashurah.

Some traditions signify another feature of the day of Ashurah.

According to these traditions one should be more generous to his family by providing more food to them on this day as compared to other days. These traditions are not very authentic according to the science of Hadith.

Yet, some Scholars like Baihaqi and Ibn Hibban have accepted them as reliable.

What is mentioned above is all that is supported through authentic sources about Ashurah.

However, there are some legends and misconceptions with regard to Ashurah that have managed to find their way into the minds of the ignorant, but have no support of authentic Islamic sources, some very common of them are these: This is the day in which Adam was created. This is the day in which Ibrahim was born.

This is the day in which Allah accepted the repentance of Sayyidina Ibrahim. This is the day on which the Qiyamah (dooms-day) will take place. Whoever takes bath in the day of Ashurah will never get ill.

All these and other similar whims and fancies are totally baseless, and the traditions referred to in this respect are not worthy of any credit.

Some people take it as Sunnah to prepare a particular type of meal in the day of Ashurah. This practice, too, has no basis in the authentic Islamic sources.

Some other people attribute the sanctity of Ashurah to the martyrdom of Sayyidina Husain during his battle with the Syrian army. No doubt, the martyrdom of Sayyidina Husain is one of the most tragic episodes of our history. Yet, the sanctity of Ashurah cannot be ascribed to this event for the simple reason that the sanctity of ‘Ashurah was established during the days of the Holy Prophet (pbuh) much earlier than the birth of Sayyidna Husain. On the contrary, it is one of the merits of Sayyidna Husain that his martyrdom took place on the day of Ashurah.

Another misconception about the month of Muharram is that it is an evil or unlucky month, for Sayyidna Husain was killed in it. It is for this misconception that people avoid holding marriage ceremonies in the month of Muharram. This is again a baseless concept which is contrary to the express teachings of the Holy Quran and the Sunnah. Such superstitions have been totally negated by the Holy Prophet (pbuh). If the death of an eminent person in a particular day renders that day unlucky for all times to come, one can hardly find a day, free from this bad luck, out of 365 days of the whole year, because each and every day has a history of the demise of some eminent person. The Holy Quran and the Sunnah of the Holy Prophet (pbuh) have made us free from such superstitious beliefs, and they should deserve no attention.

Another wrong practice related to this month is to hold the lamentation and mourning ceremonies in the memory of martyrdom of Sayyidna Husain.

As mentioned earlier, the event of Karbala is one of the most tragic events of our history, but the Holy Prophet (pbuh) has forbidden us from holding the mourning ceremonies on the death of any person. The people of Jahiliyyah (Ignorance) used to mourn over their deceased relatives or friends through loud lamentations, by tearing their clothes and by beating their cheeks and chests. The Holy Prophet (pbuh) stopped the Muslims from doing all this and directed them to observe patience by saying “Inna lillaahi wa innaa ilayhi raaji oon”. A number of authentic hadith are available on the subject.

To quote only one of them: “He is not from our group who slaps his cheeks, tears his clothes and cries in the manner of the people of jahiliyyah.”

All the authentic jurists are unanimous on the point that the mourning of this type is absolutely impermissible.

Even Sayyidna Husain shortly before his demise, had advised his beloved sister Sayyidah Zainab not to mourn over his death in this manner. He said: “My dear sister, I swear upon you that you, in case I die, shall not tear your clothes, nor scratch your face, nor curse anyone for me or pray for your death”.

It is evident from this advice of Sayyidna Husain that this type of mourning is condemned even by the blessed person for the memory of whom these mourning ceremonies are held. Every Muslim should avoid this practice and abide by the teachings of the Holy Prophet (pbuh) and his beloved grandchild Sayyidina Husain.

Blessings of Muharram It is the first month of the Islamic Calendar.

The word “Muharram” means “Forbidden.” Even before Islam, this month was always known as a scared month in which all unlawful acts were forbidden, prominently the shedding of blood.

There are many bounties of this month, especially the tenth of Muharram. On this day he who spends more lavishly for the sake of his family members, Allah Taala will bestow blessing upon the sustenance of the following year.

Abu Qataada has related that the Prophet (pbuh) has reported to have said, It is my thought that by fasting on the 10th of Muharram Allah Taala will pardon the sins of the past year. (Tirmizi) Events of Muharram Hadhrat Hussain was martyred in this month.

Shaykhain Tirmizi & Haakim has narrated from Anas that the following verse: “Allah may forgive thee of thy sins that which is past and that which is to come.” (Al-Fath) was revealed on the 10th of Muharram.

The Prophet Muhammed (pbuh) went to defeat Bani Muhaarin and Bani Tha’laba (Tribes of Bani Gatfan) in the year 4 A.H. (Asahhus-siyar)

38

˜ ͺͿ˜ ͺ͸ͺͽ ˾ T H I S D AY

BACK PAGE CONTINUATION UPDATE ON YORUBA-IGBO PHOBIA then presidential candidate, Bola Ahmed Tinubu, in the prior presidential election, furiously repudiated their “detribalised” stance and branded the Labour party candidate, Gbadebo Rhodes Vivour, the the Igbo candidate. They came to this conviction on account of the fact that Gbadebo’s mother and wife are Igbo!

As the Director General of the Labour Party presidential campaign, it was my duty to monitor the elections.

On the day of the governorship election, my driver, who had gone ahead of me to vote, rushed back to inform me that Igbo people were being barred from voting at the pain of being macheted. I hurried to the polling booth to verify the report. On getting there, my worst fears were confirmed. I saw some people cowering in poodle groups. I went over to them to hear their tales of sorrow.They had been brutalised and hounded like criminals.

When I added the momentary strange anti-igbo venom of some of my friends who had turned coat, the history of the latter part of 1966 resurfaced in my imagination. I had even been threatened when I interceded for the right of every Nigerian to vote.

Tapping from the precolonial and amalgamation roots of disparate peoples comprising Nigeria, it does not take rocket science to project the evolution of Nigeria into near permanent disunity and discord. In tandem are the prevalent and pervasive conspiracy theories.

The problem with Nigeria and just about any other multi ethnic African country that were arbitrarily pooled together to form a state is that the inherent disunity was adopted and cultivated as colonial policy.The colonialists weaponised such fractiousness to ensure that the post-colonial states remained weak and subordinate to them. Let’s go down memory lane again.

“In administration, in land policy, in a dozen different fields of colonial government, the administration reinforced not the unity of the colony, but the differences between North and South” “The colonial governor of the Northern region, Sir Theodore Adams, went as far as to say, in 1941, that the emirs considered the Northern provinces as a separate country and that enforced cooperation with the South would lead to a demand for ‘Pakistan” “A frequently heard quip was that if all the Africans were to leave Nigeria, the Southern and Northern administrations could go to war” ‘Aided by his wife Lugard’s fabrications still colour Whitehall’s attitudes to Nigeria, which can be summed up as pale-skinned Moslem North good, black-skinned Christian South bad’ Following in the footsteps of their colonial masters, the Yoruba and the Igbo never run short in inventing bitter conspiracy theories against one another.

In contemporary times none fared worse than the internationally renowned scholar, Chinua Achebe in the predilection to demonise Awolowo/Yoruba.

Shortly before he passed on, he said this of Awolowo “It is my impression that Awolowo was driven by an overriding ambition for power, for himself and for his Yoruba people.

Gbadebo Rhodes-Vivour “Awolowo saw the dominant Igbo at the time as the obstacles to that goal, and when the opportunity arose – the Nigeria-Biafra War – his ambition drove him into a frenzy to go to every length to achieve his dreams”.

“In the Biafran case, it meant hatching up a diabolical policy to reduce the numbers of his enemies significantly through starvation – eliminating over two million people, mainly members of future generations.”

‘At the other end of the bigoted exchange was the typical Yoruba position during the 2023 governorship election in Lagos state.”In the weeks leading up to the 2023 gubernatorial elections, candidate Gbadebo Rhodes-Vivour who is part Yoruba (from his father’s side) and part Igbo (from his mother’s side) had anti-Igbo attacks directed at him. Though he has two ethnic backgrounds he was repeatedly questioned based on his Igbo ancestry and his wife’s Igbo identity’.

My brother, Bayo Onanuga, came out swinging with a below-the-belt sucker punch. “Let 2023 be the last time of Igbo interference in Lagos politics. Let there be no repeat in 2027. Lagos is like Anambra,

Imo, any Nigerian state. It is not No Man’s Land, not Federal Capital Territory. It is Yoruba land. Mind your business”, bellowed the presidential spokesman.

The Oba of Lagos, Rilwan Akiolu, had set the ball rolling with the threat of throwing Igbos who were not prepared to vote for Yoruba candidates into the Atlantic Ocean. Then came the Tony and Ijeoma Duru discovery of how the Igbo were the original inhabitants of Ife. Being a discovery based on nothing more pea-brained than the mis pronouncement of the name Obàtálá Òsèèrèìgbó.

Anyone who is fluent in Yoruba language would readily attest Igbó as annotated above does not tally with the pronunciation of Ìgbò. In reference to the futility of behaviour like this, the Yoruba would say that what you went to search for in Sókótó is right inside the pocket of your trousers (Sòkòtò). So it is with this superfluous controversy. It is obvious that the Igbó in reference here is the neighbouring Ugbó community in the Ilaje area of Ondo state.

There must be something compelling about the Yoruba that makes other ethno nationalities want to

seek validation by insinuating themselves into their history. There was the recent whooper of Farooq Kperogi claiming a northern heritage for the Yoruba with a series of false citations and dubious testimonies. There is the latter day historical revisionism of the identity of Oduduwa championed by the Oba of Benin.

It is noteworthy that this ‘new discovery’ somehow eluded the academic vigilance of Nigerian expert historians including Kenneth Dike, Ade Ajayi, Robin Law, Robin Horton, Akinjogbin, Akintoye, Osuntokun and Adiele Afigbo, who found no occasion to deem the thesis of ‘Igbo original ownership of Ife’ worthy of consideration. As Olomola said: “There is no book or research work that traced the history of Igbo to Ile-Ife. Some of their scholars claimed they are part of Jews that did not follow Israelites to the Promised Land.”

If there is no basis for the speculations of Tony and Ijeoma Duru, so is there no warrant for the virulent rejoinder of Yoruba netizens in the social media To begin with, this narrative of Yoruba conquerors putting the Igbo to the run from their original home in Ife is not one the Ndigbo should be proud of. It is a sad commentary on their martial prowess. It is akin to trading places with the red Indians in their rout and displacement by the Gringos (white Americans) or how the British/ Dutch conquerors and settlers supplanted the black Africans in South Africa.

It is also very unlikely that this ethnic identification, Igbo, have survived down the ages from antiquity with its integrity intact. There was no ethnic formation, known by that name until two centuries ago. In the same manner, it is also quite improbable that the Oduduwa era society would have understood and perceived themselves as Yoruba. Obaro Ikime shed further light on this. “It is a fact of our history that these ethnic groups( Yoruba, igbo, Hausa, Edo, fulani, idoma...) did not exist as such in pre colonial Nigeria.

What did exist were many groups within each of today’s ethnic groups, each of which was independent of one another and had its specific interests to protect”.

Nearer home is the somewhat akin situation of how the Fulani supplanted the Yoruba in Ilorin.

Should the Yoruba take pride and seek validation in this historically humiliating encounter?. At any rate if we adopt the creation day myth of history that Ife is the cradle of mankind including the Igbo, doesn’t this lend authenticity to the desire of the Igbo to have emanated from Ife since all of mankind is native to Ife! The most notable scholarly work on the subject of inter ethnic migration between the Yoruba and Igbo communities was this observation by Kenneth Dike “In Yorubaland, incessant strife and related insecurity of tribal states was principally fomented by slave raiding.The ensuing massive population dislocations and dispersal resulted in the phenomenon of the abnormally high population density of the Eastern Nigeria forest belt.

Professor Kenneth Dike attributed this phenomenon, in part, to an influx of people from the West and the North, seeking to escape the raids of slave chieftains in the more open country”.

NEWS

Emergency Rule over Soon in Rivers as Tinubu Reconciles Wike, Fubara, Assembly Deji Elumoye in Abuja and Blessing Ibunge in Port Harcourt Strong indications emerged last night that the subsisting emergency rule in Rivers State may be over soon as President Bola

Tinubu brokered truce among the key gladiators in the crisis that precipitated the proclamation of emergency rule.

Pictures of the meeting between the president and the Rivers feuding characters had flooded

the social space without specific details of what transpired at the meeting believed to have held at the residence of the president.

In some of the pictures, the president was with the Rivers State Governor, Siminalayi Fubara and

his estranged leader, who is also the FCT Minister, Nyesom Wike.

In other pictures, the president posed for a group picture with not only Fubara and Wike, but also with members of the state House of Assembly and some

leaders in Rivers State, equally considered stakeholders.

Yet, some other pictures showed Fubara with Wike and others, who attended the meeting leaving the residence of the president together, either for other meetings or to

N1.4bn Investment Dispute: Court Adjourns Suit Against Ex-Police Commissioner to Nov 25 Wale Igbintade Justice A.M. Lawal of the Lagos High Court sitting in Ikeja has adjourned further hearing in the suit filed by thirty-two investors against a former Anambra State Commissioner of Police, Aderemi Adeoye, and four others, to November 25, 2025.

The court adjourned the matter to allow the defendants’ counsel respond to an application filed by the claimants.

At the proceedings yesterday, Mr. Deji Adeyeye appeared for the claimants, while Mrs. A. Amonwe represented the 1st to 4th defendants.

Counsel to the claimants, Mr. Adeyeye, had attempted to move an application before the court, but this was opposed by the defendants’ counsel, Mrs. Amonwe, who stated: “My Lord, I have just been served and I need to respond to this application on points of law.”

The claimants are seeking a court order compelling the defendants to render a full account of all funds

collected from them and disclose properties acquired by Alpha Trust Investment Club (ATIC) from inception to date.

In Suit No. ID/11520GC/MW/24, the claimants allege that as at the time of their expulsion from ATIC, their combined investment stood at N1,449,156,450.00 (one billion, four hundred and forty-nine million, one hundred and fifty-six thousand, four hundred and fifty naira).

They accused the former police commissioner of running ATIC, allegedly valued at over N20 billion, exclusively online through Facebook, with no physical office or structure.

The claimants include Ronke Iyabode Adejare, Kingsley Nwabugwu, Henry Adebayo, Dr. Adesoji Adeniyi, and 28 others.

The suit is filed against Aderemi Adeoye, Mr. Egbele David Kaykay, Mr. Babatunde Olarenwaju Akanbi, ATIC (Eti-Osa) Cooperative Multipurpose Society Ltd, and the Director of Cooperatives, Lagos State Ministry of Commerce, Cooperatives, Trade and Investment.

They are praying the court to declare as unlawful the unilateral valuation of their shares without an independent audit, and the alleged refusal to allocate lands already fully paid for before their expulsion.

The claimants further alleged a refusal to hold elections into ATIC’s Board of Trustees and Executive Committee, and failure to subject its accounts to certified independent audits.

Consequently, they prayed the court for the following reliefs: “A full account of all monies collected and properties acquired by ATIC from inception.

“An independent audit conducted by a certified accountant appointed by the President of ICAN. “An investigation by the 5th defendant to determine ATIC’s compliance with Lagos State cooperative laws”.

In a 54-paragraph sworn statement, the 28th claimant, Oluwasegun Akinyemi Akindele, said the claimants are Nigerians based across the UK, U.S., Canada,

Cyprus, Australia, and Nigeria.

Akindele explained that many were drawn to the investment club after following the 1st defendant’s Facebook page, where he presented himself as a principled police officer and anti-corruption advocate.

He said that in 2017/2018, Adeoye proposed forming an investment club focused on real estate and stock market opportunities.

Members were told that financial experts would manage the club, while Adeoye would serve in an advisory capacity.

Claimants allegedly made payments into a Guaranty Trust Bank account under the name “ATIC Venture and Business Services”.

However, they later discovered that the club was registered as a private business allegedly co-owned

by Adeoye, Kaykay, and Akanbi.

According to Akindele, members who demanded transparency, such as the establishment of a board of trustees, a physical office, and a website were labelled “toxic” or “rebels” by the defendants.

Despite contributing over N332 million between 2018 and 2023, the claimants alleged that no title documents or credible investment records were provided.

Properties allegedly acquired include: Manhattan Phase 2 Estate, Abuja – 200 plots. Bridge Estate and Ocean View Estate, Ibeju-Lekki.

Miami Beachfront – 500 plots. Epe Pavilion Estate – 600 plots. Ansfield Garden (ATIC City). Swiss Luxury Estate. CITA Estates 1 & 2, among others Akindele also alleged that members were lured into a “Customised Crypto Investment” scheme with promises of 10% monthly returns, allegedly guaranteed personally by Adeoye.

Despite the billions allegedly collected, claimants stated that no land was ever allocated and no receipts or land titles have been produced.

They further alleged that most of the lands were never paid for by the defendants, despite their financial contributions.

retire for the morning.

Since Tuesday, March 18, when Tinubu declared a state of emergency in Rivers in the wake of the crisis between Fubara and Wike, the suspended governor had met with the president a couple of times with a view to resolving the crisis.

Although his repeated visits to the Villa and the Lagos home of the president, had sparked speculations that Fubara, too, might likely join the ruling All Progressives Congress (APC) as part of the soft-landing deal being negotiated for his return to office, he had been unable to make any headway until last night.

Sources had also hinted that while Fubara had made overtures to join the APC long before the emergency declaration, Wike had deliberately blocked him, using his closeness to the president and the Villa to fend him off.

However, with the emergency rule still in play, it became apparent that Fubara had to make peace with Wike to return to office and also take other critical decisions, like joining the APC. But with the meeting last night, sources claimed the president was inclined to lifting the emergency rule in the state, a development that may come any moment from now.

While details of the peace meeting were not made public, observers were of the view that Fubara could not be blamed for whatever decisions he might take going forward, being a result of his evident helplessness.

39

THISDAY ˾ FRIDAY, JUNE 27, 2025

FRIDAYSPORTS

Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com

0811 181 3083 SMS ONLY

Ajunwa Describes Ofili’s Plans to Switch Country to Turkey as Embarrassing Insists those who made her miss two Olympic events should have been punished Duro Ikhazuagbe Nigeria’s first and only individual gold medalist at the Olympic Games, Chioma Ajunwa, has described as unfortunate and embarrassing the decision of sprinter Favour Ofili, 22, to dump the country for Turkey.

Last Saturday, Jamaica-based journalist, Kayon Raynor, announced on his X handle Ofili’s request to World Athletics to switch her allegiance from Nigeria to Turkey.

The sprinter who was denied the chance to run the 100m event that she qualified for the entry standard at the Paris 2024 Olympic Games, cited her frustrations with the Athletics Federation of Nigeria

(AFN) in her letter to the Athletics Integrity Unit (AIU).

Before the entry fiasco in Paris, Ofili was one of the 13 Nigerian athletes who were denied participation in the Tokyo 2020 Olympic Games because AFN didn’t do the needful mandatory dope testing needed to make the athletes eligible to compete in Tokyo.

Speaking yesterday at her yearly Chioma Ajunwa Foundation seminar on drug abuse for secondary school kids in Lagos, the Atlanta ‘96 Women’s Long Jump gold medalist, said inasmuch as Ofili was ill-advised on the decision to quit competing for Nigeria, those responsible for denying her the chance to compete

at two Olympic Games should have been punished.

“I know it is not proper for her to resort to trying to leave Nigeria for another country but those who caused her to miss Tokyo 2020 as well as not competing in Paris 2024 100m event should have been punished. They are still at the AFN and this may have infuriated her to taking this extreme decision,” observed the retired senior police officer.

Ajunwa insisted that it was painful for an athlete to Train night and day for four years only to be denied

the opportunity to compete at the highest level of the sport.

“I know what it means to train for four years and when it is time to showcase what she has been working night and day for, some officials now deny her that. That was wicked and a great pain for an athlete of her level,” stressed the multitalented former athlete.

She however insisted that AFN should have done so much to ameliorated her pains after both Tokyo 2020 and Paris 2024 but none of such took place. “Something should have been done to ease her pains. Nothing

of such happened. Besides, those officials responsible for her missing her events at two Games are still at the AFN and it was possible for a third time to happen. This I believe, must have pushed her to take this step of wanting to switch country to Turkey where she believes her talent will be better appreciated,” Ajunwa observed.

The former athlete however warned that Nigerian sports officials must learn to do the right things at the right time to avoid the situation of the country’s top athletes seeking better future in other countries.

Enyimba, Shooting Stars Resume Camp for Eko International Cup

TRANSFER NEWS

Ronaldo Seals New Two-year Al Nassr Deal Cristiano Ronaldo has signed a new two-year contract with Al-Nassr that means he will stay with the Saudi Pro League club until beyond his 42nd birthday.

The Portugal captain, 40, joined the Riyadh-based team in December 2022after leaving Manchester United in acrimonious circumstances, having criticised the cluband said he had “no respect” for manager Erik ten Hag. Ronaldo’s Al-Nassr deal had been due to expire at the end of June and there was speculation he could leave, but that has now been quashed.

In a post on X, Ronaldo wrote: “A new chapter begins. Same passion, same dream. Let’s make history together.”

Although Al-Nassr have not added to their nine domestic titles during Ronaldo’s time at the club, they have benefited from a flood of goals from the five-time Ballon d’Or winner.

Ronaldo scored 35 times in 41 matches across all competitions last

term and was the league’s top scorer for a second consecutive season.

He has managed 99 goals in 111 appearances overall for Al-Nassr and is well on his way to reaching 1,000 senior goals in his career, with a current tally of 938 for club and country.

Having helped Portugal win the Uefa Nations League a little over two weeks ago, the former Manchester United, Real Madrid, Sporting and Juventus forward will almost certainly now be targeting a sixth World Cup appearance next summer.

Only a month ago, Ronaldo posted on social media to say “the chapter is over”.

That came after the Saudi Pro League wrapped up with Al-Nassr finishing third and trophyless once again.

The comment fuelled rumours that Ronaldo was ready to leave the league where he reportedly became the best-paid player in football history with an annual salary of £177m when he joined.

Chioma Ajunwa...says Favour Ofili’s decision to dump Nigeria was embarrassing

Cristiano Ronaldo...renews Al Nassr contract for another two seasons

Enyimba Football Club of Aba and Shooting Stars of Ibadan have resumed camp in preparation for the forthcoming Eko International Cup football tournament taking place in Lagos The two elite teams in the Nigeria Premier Football League started training last weekend respectively to gradually build up for the tournament involving eight teams.

The pre-season football tournament, which runs between July 6 and 13, will take place at the Mobolaji Johnson Arena, formerly Onikan Stadium, with two matches to be played on a daily basis.

SKI-Hi Entertainment, in collaboration with the Lagos State Government, is organizing the competition to prepare teams for the next football season and also to entertain lovers of the game in the off-season period.

Five NPFL teams have been confirmed to take part in the tournament with two others coming from outside the country.

They are Remo Stars, Ikorodu City, Shooting Stars, Enyimba of Aba, and two other teams expected to be unveiled soon.

Waldrum Dismisses NFF’s Handling of Finances IBB Club Members Commend in His Four Years in-charge of Super Falcons Wike, BOT for Moves Towards Reopening of Golf Course

Olawale Ajimotokan in Abuja Members of the IBB International Golf and Country Club, Abuja have expressed gratitude to FCT Minister, Nyesom Wike, and the Board of Trustees (BoT) led by Justice Monica Dongban-Mensem for their efforts to reopen the club.

The golf club was indefinitely closed arising from internal schism among members.

The looming crises, however, provided a vista for the FCT Minister to effect renovations to the course that would bring the facilities up to international standards.

Wike as a result of all the efforts of the Chairman and members of the BOT, last Saturday visited the club to assess the facilities.

During the visit he assured stakeholders that the clubhouse would be renovated immediately, first under an emergency intervention, focusing on areas where golfers socialise and relax.

The minister also promised that other sections of the club would be renovated and upgraded in phases.

In reaction to the visit, some members of IBB Club expressed

excitement at the latest developments, adding that, but for the efforts of the BoT, all these would not have been possible.

They emphasised the importance of reopening the club and commended the Nigeria Golf Federation (NGF) President, Otunba Olusegun Runsewe, for setting up a committee under the leadership of AVM B.D Solomon, which drove the reconciliation efforts and petition signing exercise at the stadium.

The members expressed their eagerness to resume their activities and social events at the club, adding that the renovation would enhance their overall experience.

Iyabo Adebola thanked Wike and the BOT for their efforts, noting that the renovation of the IBB Golf club was necessary and long overdue as the club was a vital recreational and social hub in Abuja.

She stressed that the IBB Golf Club was a vital part of Abuja’s recreational and social scene.

She noted that the club, which was built around 30 years ago, has indeed become worn out due to excessive use and lack of maintenance, necessitating a major renovation for its over 5,000 members.

Duro Ikhazuagbe

Former Super Falcons Head Coach, American Randy Waldrum, has dismissed Nigeria Football Federation’s handling of finances during his four-year in-charge of the country’s senior women’s football team as poor.

The 68-year-old took charge of the Nigerian senior women’s team in October 2020 after initially declining to take on the role three years prior.

Speaking in an interview with Eagles Tracker Podcaston YouTube yesterday, Waldrum insisted that if not for the fact that he had a second job as coach of the University of Pittsburgh Panthers women’s football team, he would have lost his house in the US

on mortgage as well as his car and medical insurance due owed wages at the NFF. “Without a disrespect to the federation (NFF), it was the best decision (not to resign as coach of University of Pittsburgh Panthers women’s football team), as there were times that I wasn’t paid for 14 months. And If I wasn’t working at Pittsburgh, I would have lost my home here (US), so I needed the security,” observed Waldrum who qualified Super Falcons for the 2023 Women’s World Cup as well as the Paris 2024 Olympic Games football event.

The former Trinidad and Tobago

great things on both the men and women’s side in Nigeria, and my hope when I took the job was that I could bring some new ideas and thought process, especially with our women being the best in the World here in the United States.

“I thought I could bring some of the organizational ideas, the long-term planning. I had developed a ten-year plan for Nigeria, for youth football and how it would translate into winning a World Cup within the next ten years and I hoped I could influence it that way because I knew Nigeria had great players.

Nigeria’s Akinyosoye Stuns Top Seed at 23rd African Fencing Championships Kunle Adewale

Randy Waldrum....reveals why he took a second job while on Super Falcons job

coach stressed that he would have dropped the second job if things were properly managed at the NFF. “I was willing to step down if I got there and everything was the way it should’ve worked with the payments, but it wasn’t the same,” restated.

Although Waldrum admitted enjoying working with the Super Falcons and had 10-year long that would have culminated in Nigeria winning the Women’s World Cup, he however had to step down to look after his wife, Dianna, who had an open heart surgery last year.

“There’s so much potential to do

Nigeria’s Oluwafolayemi Akinyosoye delivered one of the standout performances of the 23rd African Fencing Championships, pulling off a major upset in the individual men’s sabre event by defeating top seed and Olympic silver medallist, Fares Farjani of Tunisia, in the preliminary round.

The 20-year-old, who recently switched allegiance to Nigeria after representing England at cadet and

junior levels, edged Farjani 5-4 in a tense bout that sent shockwaves through the competition and sparked jubilant celebrations among Nigerian supporters.

His victory over the Paris 2024 silver medallist not only marked a personal milestone but also secured his place in the knockout stages.

Akinyosoye carried his momentum into the round of 16, where he dispatched Algeria’s Lotfi Ibrihen with a commanding 15-9 win.

However, his impressive run came

to an end in the quarterfinals, where he fell 15-8 to sixth seed Ahmed Ferjani of Tunisia.

Despite the loss, Akinyosoye’s spirited display earned widespread applause and signaled a promising future for the young fencer on the continental stage.

Meanwhile, fellow Nigerian Inkosi Brou, a bronze medalist at the African Junior Championships and grandson of the late NAFDAC Director-General Prof. Dora Akunyili, narrowly missed out on a podium finish.

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TINUBU MEETS RIVERS STAKEHOLDERS...

President Bola Ahmed Tinubu(middle); Governor of Rivers State, Siminalayi Fubara; Federal Capital Territory Minister, Nyesom Wike; some members of Rivers State House Assembly and Stakeholders of Rivers State, during a meeting with the President at his Aso Rock residence, Abuja…last night

L-R: Governor of Rivers State, Siminalayi Fubara, President Bola Ahmed Tinubu, and Federal Capital Territory Minister, Nyesom Wike, after the meeting last night

OSUNTOKUN Update on Yoruba-Igbo Phobia “T DIALOGUE WITH NIGERIA

his BOOK OF LIES, intended for the INDOCTRINATION of Ibo children into a LIFE OF FALSEHOODS, was written by two Ibo people. It was approved by an agency of the Federal “One Nigeria” Government in the Education Ministry.

And it was allowed to be published.

I bet it is already in circulation and being taught to their children. Nobody says nothing. Our Obas say nothing. Our Politicians, lawmakers and Governors say nothing.

“Yoruba parents whose kids are going to be hearing the stories from their Ibo peers and whose collective future is about to be mortgaged are saying nothing.

Even Oòniòrìsà whose words the people are quoting extraneously has said nothing. Everywhere is quiet as the Ibo people are saying THEY OWN ILÉ-IFÉ

President Bola Tinubu AND BY EXTENSION THE WHOLE OF YORUBA LAND. You will think it is a joke. It is because you

akin.osuntokun@thisdaylive.com

don’t know what ZIONISM is about. They don’t play.

They know what they are doing”.

“Soon, your children who you are teaching liberal i-am-yoruba-but philosophy will soon join the Gbarebos and Davidos to propagate the story.

These people are hijacking the history of UGBO people in broad daylight and appropriating it as Ibo history.

This is exactly the way the Ashkenazi Jews of Eastern Europe started in Palestine. The companion piece titled ZIONISM IS TERRORISM. IT HEARS AND RESPECTS NO OTHER LANGUAGE BUT A BALANCE OF TERROR is a rehash of the earlier one above” To these wild allegations, the federal ministry of education has adequately responded: “The attention of the Federal Ministry of Education has been drawn to a petition titled ‘Petition to Defend Yoruba History from Ethnic Distortion in Nigerian

Textbooks,’ submitted by the Concerned Citizens of Yoruba Origin and Supporters of Truth, through its National Chairman, Otunba Abayomi Odunowo,” .

The statement further said, “The Ministry wishes to clarify that the said textbook was not authored, commissioned, or approved by the Federal Ministry of Education. “It is not among the instructional materials approved for use in public basic education institutions across the country, and the Ministry is not in any way affiliated with the publication”.

The governorship election in Lagos in the general elections of 2023 brought to fore the dangerous heights the latent animosity between the Yoruba and Igbo has attained. Hitherto, those Yoruba who were liberal and cosmopolitan enough to vote for Peter Obi against the

Continued on page 38

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