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Subsidy: Tinubu Directs Immediate Review of N8,000 Cash Transfer Orders unveiling of entire palliative package to Nigerians Deji Elumoye in Abuja President Bola Tinubu, yesterday, directed the immediate review of the N8,000 cash transfer to each of the vulnerable 12 million Nigerian households, intended to cushion the

effect of the fuel subsidy removal, following reservations expressed by many Nigerians about the cash policy.

Tinubu also ordered the immediate unveiling of the entire palliative package to Nigerians, while grains

and fertilisers were to be made available to 50 million farmers and households in all the 36 states of the federation and the Federal Capital Territory (FCT), Abuja.

Special Adviser to the President on Special Duties, Communications and

Strategy, Mr Dele Alake, disclosed the position of the president, in a press statement titled, "Review of N8,000 Cash Transfer."

Alake noted that much as the cash programme was not the only item in the government relief package, as a

listening leader, who had vowed to always put Nigerians at the heart of his policy and programme, Tinubu had given new directives.

These, Alake said, included, "That the N8, 000 conditional cash transfer programme envisaged to

bring succour to most vulnerable households be reviewed immediately.

This is in deference to the views expressed by Nigerians against it.

"That the whole gamut of palContinued on page 10

Illegal Ex-parte Order: Court Orders Ecobank to Pay Honeywell N72bn ... Page 10 Wednesday 19 July, 2023 Vol 28. No 10325. Price: N250

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APC: President Had No Telephone Conversation With CJN, Ariwoola... Page 8

Challenged By Bleak Future, Newspaper Owners, Stakeholders Deliberate on Ways Forward Worried by the declining fortunes of newspapering in the country and its potentially bleak future, the

Newspapers Proprietors’ Association of Nigeria (NPAN) and other industry stakeholders, yesterday, at a Publish-

ers’ Retreat in Victoria Island, Lagos, deliberated on some of the ways to salvage the future of the business.

Publisher of BusinessDay Newspaper, Frank Aigbogun, presented the lead paper, on the topic, “The

Newspaper: Emerging Trends, Opportunities and Strategies for Survival and Sustainability, while

subsequent discussions were led by Continued on page 10

Fuel Price: Labour Threatens to Pull Out of Talks with FG Litre now N617, Kyari attributes hike to market forces NLC accuses government of insensitivity Says no transparency in disbursement of palliative NNPC GCEO says no shortfall in product supply NMDPRA blames rising crude prices, freight costs NECA kicks, urges FG not to kill those it’s trying to save

Deji Elumoye, Chuks Okocha, Onyebuchi Ezigbo, Emmanuel Addeh, Sunday Aborisade in Abuja, Dike Onwuamaeze in Lagos and Francis Sardauna in Katsina Nigeria Labour Congress (NLC) has warned that it may be forced to withdraw from the dialogue with the federal government over the cushioning of the hardship brought on Nigerians by the withdrawal of petrol subsidy by President Bola Tinubu. This followed yesterday’s decision by the Nigerian National Petroleum Company Limited (NNPC) to raise the pump price of petrol in its Abuja filling stations, from N537 per litre to N617.

In a statement yesterday, signed

by NLC President, Joe Ajaero, the union accused the government of callousness, saying its palliative Continued on page 10

DEMOCRACY AND SECURITY ON THEIR MINDS...

L-R: President, ECOWAS Commission, Omar Alieu Touray; President, Niger Republic, Mohamed Bazoum; President Bola Ahmed Tinubu; President Benin Republic, Patrice Talon and President Guinea- Bissau , Umaro Sissoco Embalo during Tinubu's meeting with the three west African Leaders on Democracy and Security in Abuja….yesterday PHOTO: GODWIN OMOIGUI

Federal Character: House to Probe MDAs’ Appointments from 2015 to 2023... Page 9

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Group News Editor: Goddy Egene Email: Goddy.egene@thisdaylive.com, 0803 350 6821, 0809 7777 322, 0807 401 0580

NEWS

SHARING IDEAS ON CREATING SYNERGY...

L -R: Chief of Staff to the President, Hon. Femi Gbajabiamila; Ogun State Governor Dapo Abiodun and Imo State Governor Hope Uzodimma at Presidential Villa Abuja... yesterday

PHOTO: GODWIN OMOIGUI

FCCPC Vows to Move against Trade Associations Behind High Food Prices in Nigeria Traders not responsible for high food prices, association tells agency Dike Onwuamaeze Barely a week after President Bola Ahmed Tinubu’s administration declared a state of emergency on food security, the Executive Vice Chairman of the Federal Competition and Consumer Protection Commission (FCCPC), Mr. Babatunde Irukera, has threatened to proceed against market associations that have formed themselves into illegal cartels for orchestrating upward manipulation of food prices in the country.

Irukera, issued the threat yesterday, during the, “Fair Food Prices in Nigeria, Multi-stakeholder Workshop,” which was organised by the FCCPC and the Consumer International, a foreign non-governmental organisa-

tion, in Lagos State.

He said: “It is associations, whether in input supplies in fertilizer or market traders’ association that constitute cartels that are increasing food prices.

“There are issues like price gauging, anti-competitive conduct and some commercial issues that certainly contributes to the extremely high food prices. We will identify some of these issues and develop strategies to tackle them.

“The trade associations in many places have become cartels that are illegal. I can understand why trade associations are important but certainly not to discuss pricing, supply or restricting supply or demand that happens in some of the trade

associations.”

He added: “Trade associations are vital and important to business; they are import to the wellbeing of the society but there are limitations on what they should engage in. One of the most important limitations are the control of supplies or affecting trade and commerce in a manner that reflects in price.

“Market associations and transport associations should know that they should promote commerce and not destroy trade. We must in addition to advocacy develop strategies for enforcements. We must have the will and the stamina to proceed against them.”

He also tasked governments and regulators on the need to muster the

will to focus on very hard decisions, painstaking efforts, desired commitment as well as stamina to develop and enforce strategies that would deal with these cartels.

Irukera said: “Part of the things we will confront is how do these associations operate? What is the strategy for advocacy in dealing with them, and beyond that when advocacy fails what is the strategy for enforcement?

“There is little control that we have over climate change. But one thing that we as civil societies and regulators must never ever succumb to is citizens’ exploitation of fellow citizens. And if we do not prioritise that it will continue.”

He clarified that the FCCPC is not

only to regulate the big companies or the formal sector; it is also to regulate the informal sector. The purpose of competition regulation is to unlock the market and enable it to behave the way it should and let price be negotiated between a seller and a buyer, which is always the surest way to arrive at the fairest possible price.

“Any action by an association or a group or combination of businesses that affect or diminish free market competition is wrong and most unacceptable when it happens in foods and worst when it happens in place like Nigeria, with rising poverty, population and inflation on citizens with limited income and the amount of disposable income that is spent on food.”

FG Owing TETFUND N323bn, Executive Secretary Reveals Says no missing funds Reps not witch-hunting agency, Oke declares Juliet Akoje in Abuja The Executive Secretary of the Tertiary Education Trust Fund (TETFUND), Mr. Sonny Echono, yesterday revealed that the federal government was owing the agency the sum of N323 billion.

Echono, made this known during his appearance before the House of Representative's Ad-hoc Committee’s public hearing on the alleged missing N2.3 trillion.

The House of Representatives had last Tuesday, set up the Committee, headed by Hon Oluwole Oke, to investigate the alleged abuse of N2.3 trillion generated from the Tertiary Education Tax by the Fund from 2011 to 2023.

Echono, who said the allegation was not true, added that the actual sum generated from education tax from 2011 to 2022, was N2.476 trillion out of which the Federal Inland Revenue Service (FIRS) retained N99 billion as cost of collection.

"The federal government since 2013 had borrowed N371.3 billion from the Fund out of which it had paid N48 billion so far. We do have challenges, but these challenges have nothing to do with fraud.

“They are basically issues of governance and I would start by explaining what the challenges are. First in absolute terms, so we have a clear picture of what we are

talking about. From the year 2011 to 2022, total education tax collected by the FIRS as presented to us in their documentations, as confirmed from the statements we received from the Central Bank of Nigeria (CBN) which we have also attached for the Committee to peruse is N 2, 476, 733, 181, 679.75."

According to the executive secretary, “Out of this amount, a total sum of N99 billion were retained by the FIRS as cost of collection leaving a balance of N2.37 trillion. So the total fund that had hit education pool account at the CBN is N2.3 trillion from 2011 to date. “The federal government over time in the course of governance and to meet pressing needs has borrowed funds from these accounts.

“The total borrowing is approximately N371.339 billion. These borrowings happened over time and most of the borrowings started in 2013.

“The federal government acknowledges that it was borrowing and we have full documentation of this and all the correspondences that accompanied it. Other borrowings since then are being tabulated and given to you (the lawmakers).

“We did secure presidential approval for the refund of this borrowing since 2015 and the FG has been refunding, albeit in piece meal."

He further revealed that, “to date,

total borrowing is over N371 billion.

But total repayment to this date is about N48 billion. Last year, N12.8 billion was given to us, this year another N12.89 billion was given to us.

They are just paying. God knows how long this will take to defray the principal amount."

Echono, consequently called on the Ad hoc Committee to assist the Fund in recovering the money and that consultations were ongoing to suspend foreign scholarships as a result of the current exchange rate.

"The tax accruable to the fund is generated by the FIRS and the fund’s

account is domiciled in the CBN. Some of the tax comes in foreign currencies to CBN, but when it is time to pay fees for scholars abroad, the apex bank insists on TETFUND source forex by itself."

While urging the committee to intervene and compel the CBN to allow TETFUND access to forex to pay fees as at when due, he added that, “We operate a system where our forex is being sold on our behalf at an official rate and we apply like anybody else to get it, sometimes it leads to additional cost.

“Currently as I speak, we are in consultations with all our stakehold-

ers to suspend foreign training for a year or two. This is because of the recent exchange rate adjustment. We are unable to continue based on our disbursement guideline. The money we allocated in naira cannot cover the dollar requirement for training.

“Those who are currently there, we now need more naira to pay for the dollar that is required for their annual fees. We are trying to put a hold.”

He also noted that they had earlier decided that only limited courses where they do not have capacity in Nigerian institutions would qualify for foreign sponsorship.

He found it regrettable that associations would come together to determine what prices beans should be sold and to determine that nobody in a particular market should take rice or beans etc. from any other person except members of their association.

However, a representative of the Marketers and Traders Association of Nigeria, Mr. Ayo Abiola, has refuted the allegations that market associations were manipulating the prices of food items.

Abiola, said Nigerians shy away from focusing on the real factors responsible for food price hike like the multiple taxations and extortions that happen from the point food products leave the farm till it gets to the market.

He said: “It is a shame that while prices are going down in the rest of the world the reverse is the case in Nigeria. When the product leaves the primary source and is going to the intermediary and to the final point, we wonder why the price has jumped from this from this point to that point.

“We did an investigation about three months ago that when your product leaves the port within Lagos to Alaba you will incur almost N1 million cost on that consignment.

“That is why as an association we have been shouting and thankfully our cry has attracted the ear of the federal government. Traders are not responsible for the problems.”

The representative of the Consumer International, Mrs. Davine Minayo, who is also a specialist, Fair Food Prices in Africa, emphasised the need to think on how to make food safe and fairly priced.

CBN, Egypt Central Bank Sign MoU to Deepen Payment Systems, Financial Inclusion James Emejo in Abuja The Central Bank of Nigeria (CBN) and the Central Bank of Egypt (CBE) have signed a Memorandum of Understanding (MoU) to establish a Nigeria-Egypt Fintech Bridge.

The move which seeks to accelerate financial inclusion, deepen Nigeria’s payment systems and drive economic growth across the African continent, followed a series of engagements between both parties.

Speaking at the ceremony, which took place at the Seamless North Africa 2023 Conference at the Egypt International Exhibition Center, Cairo, CBN Deputy Governor, Financial System Stability, Mrs. Aishah Ahmad, who signed on behalf of the CBN, said the apex bank was extremely excited over the partnership with the CBE after months of engagement.

In a statement, she said, “We look forward to cultivating an innovative space for fintech startups and

entrepreneurs in Egypt and Nigeria to accelerate financial inclusion, deepen our payment systems and drive economic growth across the African continent.”

The Deputy Governor, Bank of Egypt, Mr. Rami Aboulnaga, commended the MoU and expressed optimism that the partnership would yield the desired expectation.

The groundbreaking partnership between the apex banks of the two largest economies in Africa encom-

passes a broad range of collaborative initiatives, including joint regulatory innovation projects, coordinated licensing and supervisory frameworks, information sharing, fintech cross referrals, and talent development.

The conference was hosted by the Central Bank of Egypt and had in attendance over 4,000 policymakers, payment service providers, financial institutions, and technology startups from both countries and across the continent.

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NESG'S COURTESY VISIT TO THE VICE PRESIDENT...

L-R: Chief Operations Officer, Nigerian Economic Summit Group (NESG), Dr/ Tayo Aduloju; Board Director, NESG, Mr Kyari Bukar; CEO NESG, Mr Laoye Jaiyeola; Chairman, NESG, Mr Niyi Yusuf; Vice President, Federal Republic of Nigeria, Senator Kashim Shettima; and Deputy Chief of Staff, Office of the Vice President, Senator Ibrahim Hadejia, during the NESG's courtesy visit to the vice President in Abuja ... yesterday

APC: Tinubu Had No Telephone Conversation With CJN, Ariwoola Says Atiku, Obi’s evidence poor, minuscule, deficient Adedayo Akinwale and Alex Enumah in Abuja The All Progressives Congress (APC), yesterday, denied ‘rumours’ that President Bola Tinubu had a telephone conversation with the Chief Justice of Nigeria (CJN), Justice Olukayode Ariwoola, over the ongoing case before the Presidential Election Petition Tribunal.

This was as the party has submitted that the evidence adduced by Atiku Abubakar of the Peoples Democratic Party (PDP) and Peter Obi of the Labour Party (LP) were not weighty enough to elicit response not to talk of nullifying the February 25 election National Publicity Secretary of the APC, Felix Morka, said this in a statement responding to a tweet by one Jackson Ude, who claimed the president had a conversation with CJN. He said, “We have become aware of a decidedly mischievous and intentionally misleading tweet by one Mr Jackson Ude. He alleged that President Bola Ahmed Tinubu was in telephone conversation with the Chief Justice of Nigeria, Justice Olukayode Ariwoola, in which the CJN purportedly told the President and APC to prepare for a presidential election rerun.

“It is disturbing and disgraceful for Mr Ude to fabricate a falsehood of this kind on a matter of serious national importance that is actively under review by the Presidential Election Petitions Court (PEPC).”

Morka stressed that Tinubu and the ruling party won the last presidential election without a doubt, and did not have any need to engage in side conversations with the CJN regarding

pending petitions before the PEPC. “As the core democrat that he is, the president respects the right of aggrieved candidates in the election to seek redress for any grievances that they may have. The Constitution and Electoral Act provide effective guarantees of that right,” he said.

The ruling party noted that the PEPC should be afforded the time and space to perform its important constitutional and statutory duty of adjudicating and delivering a verdict in the matter without needlessly calling the integrity of our Judges

into question.

According to him, “Falsehood and conjecture by the likes of Mr. Ude only aim to inflame political passions, create doubt and panic, and peremptorily undermine the verdict of the courts in this important matter.

“We are confident that Nigerians are smarter and more discerning than to be affected by this opposition brand of tasteless and crass mercenary expedition.”

Meanwhile, the APC, in its final written address in response to the petitions of Atiku and Obi against

the contentious presidential poll, said Atiku and Obi’s evidence were poor, minuscule, and deficient in credibility to upturn Tinubu's electoral victory.

APC in its final address dated and filed July 14, urged the court to dismiss the two separate petitions for lacking in merit, adding that they were doomed to fail, because the averments and materials attached to the petitions were “grossly insufficient to sustain the petition apart from the incompetent grounds on which it was predicated.

APC’s lawyer, Prince Lateef Fagbemi, SAN, said, “Your Lord-

ships are thus enjoined to dismiss the Petition without going into the merits of same as we have urged in the motions on notice filed on May 8, 2023, on which the rulings of this Court are pending”.

Reacting to the petition filed by Obi, the APC submitted that the flaw in his pleading no doubt explained why he led evidence by calling witnesses from only a pocket of polling units, wards, local Government Areas and Local Area Councils from the disputed States and the Federal Capital Territory, Abuja.

Similarly, the APC stated that the 27 witnesses called by Atiku “is not only poor and minuscule but also deficient in credibility to disturb the presidential election of 25 February 2023 which was held all over the federation in substantial compliance with the provisions of the law.

“Hence the petition is a stillbirth having regard to abject failure by Petitioners to offer credible and reliable evidence in each of the polling units it challenged. That awesome, herculean and daunting task placed on them by law in this petition was its undoing.”

Turner: US Investors Want Certainty, Less Restrictive Environment in Nigeria Nigeria, Houston seek to boost $1.6bn annual bilateral trade relations, mull resumption of direct flights James Emejo in Abuja The Mayor of Houston, Texas, United States of America, Mr. Sylvester Turner, yesterday emphasised that foreign investors would steer clear of Nigeria unless major regulatory constraints are resolved.

Specifically, he said potential investors from Houston would like to see certainty and clear regulatory environment before investing in the country.

Turner, who led a 30-man diverse business delegation on a courtesy visit to the Federal Ministry of Industry, Trade and Investment, said investors like certainty of policies rather than a back-and-forth scenario.

Addressing top officials of the ministry led by the Permanent

Secretary, Dr. Evelyn Ngige, the mayor said as much as the Houston delegation would like to facilitate increased investments in Nigeria, it is critical that the environment of certainty was assured.

He encouraged Nigeria to endeavour to set up a Counsellor’s Office in Houston in order to further boost trade facilitation.

Turner also called for resumption of direct flights between Houstin and Nigeria, lamenting that the current 16 hours multiple flights between then could strain trade relations. He noted that there used to be direct flights between Nigeria and Houston around 2016/2017, before it was stopped.

He expressed Houston’s readiness to invest in energy, agriculture, technology and some key economic sectors in Nigeria.

According to him, Houston remains the energy capital of world, adding that this was not enough until it reaches out to the world.

While commending the relationship between Houston and Nigeria over the years, he estimated the trade value between both parties at $1.6 billion annually as at 2022, adding that this could be improved going forward.

He said Houston was ready to invest in Africa, particularly Nigeria for the growth of the continent, adding that the visit was aimed at further establishing a bond.

In her response however, Ngige expressed Nigeria 's willingness to collaborate with Houston to improve trade and economic relations.

She pointed out that Nigeria remained one of the US largest

trading partners particularly in sub-Saharan Africa, adding that the relationship culminated into massive inflow of Foreign Direct Investment (FDI) into the country.

Noting that there are Nigerian companies and professionals doing business in the US, she said, “We hope to continue to strengthen our ties as Africa’s economic giant. It is important to mention that our relationship over the years had stimulated the signing of several agreements.”

Ngige further expressed appreciation that Nigeria was selected as one of the three countries earmarked for the trade mission, to expand relationship in healthcare, technology, agriculture, education, and especially in the energy sector, including Nigeria’s participation at the Houston’s annual Africa Day.

She said, “I am happy to highlight that Nigeria is Houston’s 41st largest trading partner with trade averaging $1.6 billion. We hope to further boost the existing trading activities between two partners in order to double this figure for the overall benefit of our countries and the ministry is happy to work with you to take this relationship to the next level, in line with the renewed hope of the current administration.”

The permanent secretary express that the delegation’s focus sectors are in convergence with the present administration’s development agenda for renewed hope, National Development Agenda 2021 – 2025 and Nigeria Agenda 2050.

She said, “Our doors remain open for collaboration, partnership, cooperation and synergy with our trading partners.”

Access Holdings Raises Funds to Secure Future for African Children at UK Polo Day Access Holdings has once again demonstrated its dedication to ensuring children have the chance to access quality education.

Through its recent Polo Day, held in United Kingdom, the group secured pledges for the construction of 100 classroom blocks in Nigeria.

According to a statement, the classrooms would go a long way in ensuring countless underprivileged children have access to a safe and nurturing learning environment, ultimately inspiring them to dream, learn and become more.

In his remarks at the event, the Group Managing Director of

Access Holdings, Herbert Wigwe, highlighted the significant milestones made in line with the organisation's objectives.

“Today, we stand on the shoulders of the remarkable achievements from previous editions. Each one, a testament to our commitment to making a tangible difference in the lives of children in need of education and optimism. Together, we have made good progress in ensuring children are given a fair chance at a brighter future through quality education.

“Our collective and continuing support of free and equitable educa-

tion for children reflects a view of our role as change agents that can help institute socio-economic development through responsible business practice and social initiatives.

“As such, we will continue to seek out innovative ways to garner resources and invest in the future of our society. We are part of the community and we support its wellbeing,” Wigwe stated.

Since the polo fundraising initiative was launched in partnership with Fifth Chukker and UNICEF, Access Holdings, through its flagship subsidiary, Access Bank Plc

has seen to the refurbishment of several schools in Kaduna and has put over 12,000 children through continuous education. At the same time, 60 classrooms and a computer literacy building have been commissioned.

The communities surrounding the schools are supported with boreholes for water, while households have been empowered with equipment and training to secure employment, stimulating economic and social development.

The completion of the new set of classroom blocks would represent a significant step in the organisation’s

goal of attaining a student-to-class ratio of 35-40 students per class in line with the national target, the statement added.

Restating plans to empower even more communities, the Managing Director, Access Bank Plc, Roosevelt Ogbonna emphasised that, "The Group’s true victory does not lie solely in the goals scored during the tournament, but in the lasting impact we can create beyond these moments.”

“We are proud to be a driving force in the pursuit of access to education and look forward to creating a world where every child

has the opportunity to thrive,” he concluded.

The event brought together distinguished guests and personalities from around the world. Among the notable attendees were the Executive Governor of Lagos State, Babajide Sanwoolu; 14th Emir of Kano, Khalifa Muhammadu Sanusi II, CON; 21st Olu of Warri, His Majesty, Ogiame Atuwase III; Chairman, Coronation Capital, Aigboje Aig-Imoukhuede; Chairman, Access Bank Plc, Paul Usoro (SAN); former Chairman of Access Bank Plc, Ajoritsedere Awosika, and more.

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NATIONAL WOMEN DEVELOPMENT CENTER NOW MARYAM BABANGIDA NATIONAL WOMEN DEVELOPMENT CENTER...

L-R: Mrs Moji Makanjuola ; First Lady, Senator Oluremi Tinubu ;Director General Nigerians in Diaspora Commission, Abike Dabiri-Erewa, and Hon. Nkeiruka Chidubem Onyejocha, during the renaming PHOTO: GODWIN OMOIGUI of the National Women Development Center to Maryam Babangida National Women Development Center in Abuja.... yesterday.

House to Investigate Destruction of Vessels with Stolen Crude Oil Urges NCDC to stop further spread of anthrax

Adedayo Akinwale and Juliet Akoje in Abuja The House of Representatives yesterday resolved to investigate the destruction of a vessel laden with stolen crude and what happened to the 150,000 barrel of crude in the vessels.

The resolution followed the adoption of a motion on the ‘Need to Discourage the Destruction of Vessels Laden with Stolen Crude Oil with a view to Curbing Environmental Pollution in the Niger Delta Region,’ moved

by Hon. Thomas Ereyitomi, at plenary.

Ereyitomi, while presenting his motion recalled the recent reports of interception, arrest and subsequent destruction of vessels laden with stolen crude oil in the Niger Delta region, the most recent being MT TURA II on Friday 7" July, 2023 in the escravos river in Warri South-West Local Government Area, Delta State.

He noted that the vessel MT TURA, an 800,000 tonne capacity vessel was at the time of arrest and destruction, laden with about

150,000 metric tonnes of stolen crude oil.

The lawmaker said the vessel was set ablaze by a joint team of Nigeria security forces and representatives of the NNPC Ltd. on 11" July, 2023.

"In October 2022, a vessel named MT DEIMA which was laden with 1500 metric tonnes of stolen crude oil, was also arrested and set ablaze in the Warri escravos river. “That setting ablaze stolen crude oil laden vessels will further destroy the well-endowed ecosystem of

the Niger Delta region already ravaged by oil exploration," he added.

He, however, stressed that the act if allowed to continue, would further affect the livelihood and the overall wellbeing of the Niger Delta people who have fishing as their main occupation.

The House consequently mandated its Committee on Environment (when constituted) to ensure compliance.

Meanwhile, the House of Representatives yesterday, called on the National Centre

Federal Character: House to Probe MDAs’ Appointments from 2015 to 2023 Adedayo Akinwale in Abuja The House of Representatives has resolved to constitute an ad-hoc committee to request the Federal Character Commission (FCC) to forward the returns on appointments undertaken by Ministries, Departments and Agencies (MDAs) under its jurisdiction between 2015–2023.

Moving the motion at the plenary yesterday, Hon. Paul Nnamchi, said the FCC Act was enacted in 1995 and enshrined in the Constitution of the Federal Republic of Nigeria, 1999 (as amended) with the primary responsibility to promote, monitor and enforce compliance with the principles of the proportional sharing of all bureaucratic, economic, media and political posts at all levels of government.

He recalled that no other constitution in Nigeria’s history had entrenched such regulatory body and vested same with powers to facilitate national integration through equitable, transparent and unbiased sharing of national wealth and public official positions.

The lawmaker lamented that 28 years after the purposeful enactment was aimed at national cohesion and equal opportunities, and 24 years after its constitutional entrenchment, the perception was that there exists brazen domination of the bureaucratic, economic, media and political posts at all levels by a

section of the country at the expense of the others.

Nnamchi alleged that the FCC had virtually abdicated its constitutional and statutory responsibilities and degenerated into personality clash of interest amongst its commissioners as was the case about a year ago.

He emphasised that the constitutional injunction shall be state-based and on the principles of democracy and social justice, which also propagates national integration and abjure discrimination on the grounds of place of origin, sex, religion, status, ethnic or linguistic

association or ties.

The lawmaker noted that the constitution empowered the National Assembly with the categorical powers under section 88(2) (6) to expose corruption, inefficiency or waste in the execution or administration of laws within its legislative competence and in the disbursement or administration of funds appropriated by it as part of its core oversight and supervisory duty.

Nnamchi noted further that

by Order 17, Rule 1 (a - b) of the Standing Orders of the House, all Ministries, statutory Agencies, Bodies or corporations shall forward

to the Speaker all reports required by statute within three months of the close of the reporting period, and any violation of the same attracts sanctions as provided in the Legislative houses (Power and Privileges) Act, 2017.

The House therefore resolved to constitute an Ad-hoc, "Committee on Federal Character to request the Federal Character Commission to forward the returns on appointments undertaken by Ministries, Departments and Agencies under its jurisdiction between 2015–2023 and report back within four weeks for further legislative action."

for Disease Control (NCDC) to put in place measures to stop the further spread of anthrax.

It also called on the Federal Ministry of Agriculture and Rural Development to collaborate with relevant stakeholders in implementing effective surveillance, vaccination and awareness campaigns to contain the outbreak of the disease.

It further urged the Ministry to provide adequate resources and support to affected communities, including compensation for losses incurred due to the outbreak.

The resolution of the House was sequel to the adoption of a motion titled, 'Urgent need to curtail the Outbreak of Anthrax discovered in a farm at Gajiri Village, Suleiman, Niger State.'

Moving the motion at plenary yesterday, Hon. Adamu Tanko, noted the report of the Ministry concerning the presence of anthrax in Nigeria.

The lawmaker added that the laboratory test conducted on the collected samples by the National Veterinary Research Institute, which confirmed the first reported case at a livestock farm located in Gayin village along the Abuja Expressway, Suleja, Niger State.

Tanko added that similar cases of the diseases were confirmed in Northern Ghana, Burkina Faso and Togo with symptoms, including sudden death and blood oozing from natural body openings —nose, ear, mouth, and

anal region and spread through affected livestock, bush meat, and contaminated environments.

He expressed concern over the potential spread of the disease to other livestock farms in the country and its possible impact on public health.

The lawmaker also expressed worry that anthrax might affect humans in direct contact with affected animals and contaminated products, with potential inhalation, through sores or wounds.

He, therefore, said there was urgent need for proactive measures to prevent spread of Anthrax in Nigeria and protect the health and livelihoods citizens by placing public health precautions in place such as strict surveillance and monitoring of livestock farms, as well as proper disposal of infected animals and contaminated material.

The lawmaker acknowledged efforts of the Ministry of Agriculture in promptly addressing the issue by implementing necessary measures to contain the spread of anthrax and protect both livestock and human health.

The House therefore resolved to, "urge the National Centre for Disease Control to put in place measures that will stop the further spread of anthrax."

It also mandated the Committees on Agricultural Production and Services | and Legislative Compliance (when constituted) to monitor compliance.

Summit to Drive Agenda for Green Growth, Climate Finance Solutions for Africa Registration is now open for the inaugural Africa Climate Summit (ACS) and the annual Africa Climate Week 2023, landmark events cohosted by the Republic of Kenya, the African Union Commission, and the United Nations Framework Convention on Climate Change (UNFCCC) respectively.

Scheduled to take place from 4th to 6th September in Nairobi, the ACS would convene Heads of State and Government, policymakers, civil society organisations, the private sector, multilateral institutions, and youth representatives from across Africa and beyond to address the

pressing challenges posed by climate change and foster collaboration for a sustainable future.

Guided by the theme, 'Driving Green Growth and Climate Finance Solutions for Africa and the World,' a statement disclosed that Africa would through the ACS, seek to consolidate global climate action around climate financing and climate positive development, solidify her standpoint on climate change going forward, and use the Summit to showcase her immense climate action potential and attract new partnerships in green growth, especially in niche sectors such

as renewable energy, sustainable agriculture, and critical minerals among others.

"We are deeply honored as Kenya to have been picked by the African Union and the United Nations Framework Convention on Climate Change (UNFCCC) to host both the first-ever Africa Climate Summit and the 2023 annual Africa Climate Week. We acknowledge the huge task entrusted to us and assure our co-hosts, the African Union Commission and UNFCCC, and the entire world of a successful twin event from September 4th to 8th here in Nairobi.

“As Kenyans, we have a strong legacy of catalyzing global climate action and are glad that we are shepherded through the organisation of the Africa Climate Summit and the Africa Climate Week by our President, H.E Dr William Ruto, who is also the current Chairperson of the Committee of the African Heads of State and Government on Climate Change (CAHOSCC)," Kenya's Cabinet Secretary for Environment, Climate Change and Forestry, Soipan Tuya said.

She added: "The Africa Climate Summit provides a platform for the African continent to consolidate

its climate action potential and standpoint, take lessons from the rest of the world and collectively shape climate finance solutions that empower the continent and inspire the world. Kenya will play its part in ensuring that the objectives of the Africa Climate Summit as established by the African Union are met.”

"The summit will provide a platform for policymakers and private sector players to discuss and develop climate finance solutions for African economies," said Mr Joseph Ng'ang'a, Africa Climate Summit CEO.

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Illegal Ex-parte Order: Court Orders Ecobank to Pay Honeywell N72bn Wale Igbintade Justice Muhammad Lima of the Federal High Court in Lagos has ordered Ecobank Plc to pay the Honeywell Group N72 billion over an illegal ex-parte order obtained by the bank against Honeywell Group.

In his judgment, delivered via zoom, Justice Liman granted all reliefs sought by Honeywell, dismissing Ecobank’s request.

The court held that “The plaintiff (Honeywell Flour Mills) was denied the use of funds in his account based on the ex parte order granted in favour of the Defendant.

"It is therefore, my firm view that the Plaintiff is entitled to the amount claimed in relief 2.

"The argument of the Defendant in his written address is therefore, not acceptable as the contents of the document are the best evidence and they speak for themselves,” Justice Liman stated.

He also frowned at Ecobanks’s lawyer’s approach stating that, “The purpose of an undertaking to pay damages has been held in a legion of cases to indemnify the party for the losses he may suffer on the bases of an ex parte order.

Note that Rule 4 of the Winding Up

Rules provides that all applications which affect the rights of parties in a winding-up proceeding must be made on notice.

“The provisions of the winding up rules are very clear and unambiguous. The Defendant cannot claim ignorance of this provision as ignorance of the law is no excuse and it is even more inexcusable if it is committed by a lawyer.

"The ex parte application was therefore made ultra vires.”

Bode Olanipekun, a Senior Advocate of Nigeria and legal counsel representing Honeywell, expressed his agreement with the

court's findings and commended the thoroughness of the judgment.

He noted: “it’s a commendable decision and precedent in an area of our jurisprudence that has been scarcely tested. The court has awarded damages in a claim brought on the premise of an undertaking given for the grant of ex parte orders which both the Court of Appeal and Supreme Court have found were improperly sought and granted.”

The case dates back to 2015 when Ecobank obtained ex-parte orders to freeze the bank accounts of Honeywell Flour Mills under suit number FHC/L/CP/1689/2015.

However, over time, the orders were modified, initially granting Honeywell limited access to its accounts. Following Honeywell Flour Mills’ appeal to the Court of Appeal, the ex-parte orders were set aside, restoring HFMP's full account operations.

Dissatisfied with the Court of Appeal's ruling, Ecobank pursued further legal recourse by filing an appeal at the Supreme Court.

However, the Supreme Court upheld the decision of the Court of Appeal and clarified that ex-parte injunctions are not permissible in winding-up petitions.

In light of the damages suffered by HFMP during the asset freezing order and in accordance with Ecobank's previous undertaking, HFMP filed a lawsuit seeking substantial damages in the amount of N72.2 billion.

The claims made by HFMP include losses due to foreign exchange devaluation, interest on unutilised cash balances, loss of revenue, and aggravated and exemplary damages.

Hon. Justice Liman's judgment in the damages suit meant Ecobank Nigeria was legally obligated to compensate HFMP with a sum of N72.2 billion as a result of the damages caused.

reflective cost."

Commenting on the petrol price issue also, Chief Executive Officer, Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, said the fuel price increase stemmed from rising crude prices. Ahmedalso cited changes in freight prices alongside other ancillary costs importers incur during distribution.

He said, "So, when you say market forces are working, basically, what it is that you buy; you consider the price of crude going up. A couple of weeks ago, the price of crude was hovering around $70/barrel.

“Now it’s hovering around $80/ barrel. So, the crude price also drives the product price. You know, because the importers are importing, they are basing it on the cost of importation plus the freight and other cost elements in terms of local distribution."

Ahmed also disclosed that 10 out of 56 oil marketing companies recently licenced to import petrol would start supplying effective from this month through September. This move, he said, would encourage the liberalisation of the petroleum market for all to import within the framework in terms of quality.

According to him, "Ten out of the 56 oil marketing companies have indicated to supply within the third quarter, which is July, August, September. Already, we received some cargoes from these markers: Prudent Energy, AYM Shafa and Emadeb. Emadeb Cargo is arriving tomorrow.

“So, this is just an encouragement to see that the market is liberated and everyone is free to import so long as you are working within the framework, especially in terms of quality.

"But to pricing, as a regulator, we are not going to put a cap on

the price, because we are not part of those importing. We are not a marketing company; we are just a regulator."

the meetings, is yet to inaugurate the National Steering Committee, thus, stalling the work of the proposed committees.

"If the government had wanted an expedited action, which Nigerians want more, the best approach would have been to quickly inaugurate the committees and allow them do their work. But as we write, nothing has been done, except the continuation of the borrowing spree and subsequent allocation to themselves."

NLC said it would “not want to continue to be part of the usual charade of committees with outcomes that are never implemented.

“We do not want to provide a cover for government to get away with the hardship it has imposed on the people. We do not want to legitimise impunity.

"As a result, if the government does not want to stop these fortuitous actions that it is pursuing in the name of palliatives, we will be forced to constructively review our engagement with the government on this vexatious issue and take matters in our own hands."

NLC further stated, "We have restrained ourselves from making further comments publicly on the vexatious issues around the recent, but unfortunate, unilateral hike in the price of Premium Motor Spirit (PMS) in the guise of the so-called subsidy withdrawal, which has unleashed predictably as we had earlier warned unimaginable and unprecedented hardship, sorrow, anguish and suffering upon Nigerian workers and masses.”

It said the federal government seemed to have been misled into believing that resorting to impunity and imperiousness in governance in a democracy was a beneficial option

FUEL PRICE: LABOUR THREATENS TO PULL OUT OF TALKS WITH FG measures to address the repercussions of the subsidy removal lack transparency.

But Group Chief Executive Officer (GCEO) of NNPC, Mele Kyari, claimed market forces were responsible for the increase in pump price of petrol. Kyari said there was no shortage in product supply.

However, Nigerian Employers’ Consultative Association (NECA) kicked against the upward adjustment of the petrol pump price. NECA appealed to the federal government to lessen the burden on citizens brought about by harsh economic decisions.

With regard to the latest petrol price hike, while rates are likely to be higher in the far north due to transportation cost, they are expected to be slightly lower in the south.

THISDAY observed that at its service stations at the Central Area of Abuja, NNPC’s old price had been adjusted to the new one.

Private filling stations also followed suit, yesterday, adjusting their prices in the Federal Capital Territory, in response to the new price, as early movers rushed to buy the product at the previous price, thereby causing temporary queues in the city.

Many petrol stations in Abuja shut down their operations for a while, as they tried to adjust their fuel pumps to reflect the new price of N617.

In Lagos and Abeokuta, the Ogun State capital, yesterday, queues returned to filling stations following news of the increase in petrol pump price by NNPC. Few

independent marketers were seen selling the product at their stations between N570 and N700 per litre, while the major marketers sold at N580 per litre.

Owing to the development, very few vehicles were on the streets in Abuja. Consequently, taxi fare increased sharply from N100 to about N240 per drop.

Tinubu announced the full deregulation of the downstream of the petroleum industry during inauguration on May 29.

The federal government had earlier in the year budgeted N3.6 trillion on under-recovery for the first half of 2023, with the Nigeria Extractive Industries Transparency Initiative (NEITI), recently, disclosing that the country had spent N13.7 trillion on fuel subsidy in the last 13 years.

On Monday, the downstream regulator, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), announced that 56 companies had been licensed to import petrol, thereby breaking NNPC's monopoly.

Aside the price of Brent crude oil, which has risen from about $74.75 per barrel to roughly $82.74 per barrel this week, the rate at which importers sourced the dollar had also risen from about N460/$ to over N800 currently.

Kyari: Market Forces Responsible for Fuel Price Hike

Kyari blamed market forces for the increase in pump price of petrol

S U B S I DY: T I N U B U D I R E CT S I M M E D I AT E R E V I E W O F N 8 , 0 0 0 C AS H T R A N S F E R liative package of government be unveiled to Nigerians. Immediate release of fertilisers and grains to approximately 50 million farmers and households, respectively, in all the 36 states and the FCT. "The president further assures Nigerians that the N500 billion approved by parliament to cushion the pain occasioned by the end of subsidy regime will be judiciously utilised. The beneficiaries of the reliefs shall be Nigerians, irrespective of their ethnic, religious or political affiliation.”

Alake also stated, "President Bola Tinubu has promised to always prioritise the wellbeing of Nigerians and he is irrevocably committed to the vow. A number of decisions taken so far by this administration have buttressed this stance.

"You will agree with me that it has become part of the culture of President Bola Ahmed Tinubu administration to constantly dialogue with Nigerians, who voted him into office. The president covenanted with Nigerians that their welfare and security will be topmost in the Renewed Hope Agenda of his government.

"In the last few days, the conventional and new media platforms have become awash with stories of the government intending to embark on conditional cash transfer to vulnerable households mostly affected by the painful but necessary decision to remove subsidy from petrol.

"The story has been widely reported that the federal govern-

ment is proposing to give 12 million households from the poorest of the poor N8, 000 monthly for a period of six months as government palliative to reduce the discomfort being experienced by Nigerians consequent upon subsidy removal.

"A lot of ill-informed imputations have been read into the programme by not a few naysayers. The administration believes in the maxim that when there is prohibition, there must be provision. Since subsidy, the hydra-headed monster threatening to kill the economy, has been stopped, government has emplaced a broad spectrum of reliefs to bring help to Nigerians.

"You will recall that the president took a similar decision after listening to complaints from the business community/stakeholders about burdensome taxes, particularly multiplicity of taxes they are made to experience. This warranted the signing of four (4) Executive Orders cancelling some classes of taxes, while suspending the implementation dates of others.

"In addition, the president has also set up a Tax Reform/Fiscal Policy Committee to bring up recommendations that will engender a wholesome fiscal environment for the country and remove anti-business barriers.

"I wish to assure Nigerians that President Tinubu will continue to be a listening leader whose ears will not be dull to the views expressed by the citizenry. The president believes government exists to cater for the interest of the people and he has demonstrated this so clearly."

from N537 to N615 per litre.

Speaking with newsmen yesterday after meeting with Vice President Kashim Shettima at the State House, Abuja, the NNPC boss explained that the increase was not based on short supply of fuel.

According to him, "They are just prices depending on the market realities. This is the meaning of making sure that the market regulates itself.

Prices will go up and sometimes they will come down also.

“No, there is no supply issue. It is not a supply issue. When you go to the market, you buy the product, you come to the market and sell it at its prevailing market price. It has nothing to do with supply. We don’t have supply issues.

“We have a robust supply. We’ve had over 32 days of supply in the country. That’s not a problem."

Kyari declared that market forces would continue to regulate price, saying fuel prices are bound to fluctuate from time to time.

He said, "Yes, what I know is that the market forces will regulate the market. Prices will go down sometimes; sometimes it will go up.

But there will be stability of supply and I’m also assuring Nigerians that this is the best way to go forward so that we can adjust prices when market forces come to play.

"I don’t have the details this moment, but I know that our marketing wing acts just like every other company in this business. I know that a number of companies have imported petroleum products today.

“So, many of them are on line.

Market forces have started to play; people have started having confidence in the market. Private sector people are importing products, but there is no way they can recover their cost if they cannot take market

NLC Threatens to Pull Out of Talks with FG

Notwithstanding the explanation by Kyari and Ahmed, NLC threatened to pull out of ongoing talks with the federal government on how to cushion the effects of the petrol subsidy removal on its members.

The congress described Tinubu's proposal to pay National Assembly members N70 billion and the judiciary N36 billion as most insensitive and outright bribery of the other arms of government to endorse his aberrations.

NLC said the federal government seemed bent on forcing the committee negotiating the fuel hike matter to also endorse a predetermined outcome, which would not be palatable to workers and ordinary Nigerians.

Regarding the mode of implementation of the palliatives, NLC said it did not have confidence in how the data for "the never-changing 12 million poorest households was generated neither do we have confidence in the mechanisms being pursued for the distribution of the cash transfers".

In a statement signed by NLC President, Joe Ajaero, the labour movement said they would not want to waste the time of Nigerians, especially workers, on committees that had already been programmed to fail.

The statement said, "It is important to inform Nigerians that despite having shown our readiness to commence work in the committees, the federal government, which convenes

Continued on page 43

CHALLENGED BY BLEAK FUTURE, NEWSPAPER OWNERS, STAKEHOLDERS DELIBERATE ON WAYS FORWARD the Founder/CEO of The Journalism Clinic Integrated Marketing Specialist, Taiwo Obe and a former editor of the defunct Next Newspaper and founder, Radio Now, Kadaria Ahmed.

Other prominent industry stakeholders at the event were the President of NPAN, Malam Kabiru Yusuf; Publisher of the Vanguard Newspaper, Mr. Sam Amuka; and a former governor of Ogun State, Aremo Olusegun Osoba.

Also at the retreat were the Chairman/Editor-in-Chief of THISDAY and Arise Groups and former NPAN president, Prince Nduka Obaigbena; Vice-Chairman of NPAN, Lady Maiden Alex-Ibru, as well as the managing directors, and editors of the various media organisations in the country, sufficiently represented.

The NPAN president, Yusuf, who laid the template for preliminary discussions, established the understanding that newspapering had turned out a success over the years and as such, owners and practitioners could not shy away from dealing with its new challenges.

According to him, the current and disturbing issues could not be said to be entirely new, but noted that it was one thing to moot ideas on ways forward as concerned bodies had always done and another to execute the suggestions therefrom.

He noted that, largely, the business owners had not succeeded in collaborating as expected, tracing

this existential challenge to needless competition.

Yusuf suggested that the time had come to look outside the industry for help, including government and the private sector, without necessarily begging, but seeking help to sustain the business.

He, therefore, pleaded with stakeholders to ensure something enduring was taken away from the two-day retreat, ending today, Wednesday.

Osoba made ample references to experience and cited examples that could be borrowed from the past and modulated to suit the present day challenges.

Specifically, the former Ogun governor said, industry stakeholders had been agonising about collaboration since 1975, and that with the current state of things, there was no choice but to embrace collaboration and pooling of human and material resources in collective interest for the survival of the newspaper.

Addressing phantom rivalry and distribution challenges, he urged stakeholders to start considering joint printing press in major cities of the country like Abuja, Port Harcourt and Enugu, among others.

Reiterating the need for cooperation on all fronts, he said newspaper owners must start to pool reporting and distribution, including photography to save cost and improve revenue, saying, “Like it or not, you all must go online.”

The THISDAY publisher, Obaigbena, who gave rather short but pungent introductory notes, equally alluded to the need for collaboration for survival, and added that his organisations had since embraced the initiative with Punch and Daily Trust newspapers.

Obaigbena, who contended that collaboration was though key and should go beyond printing, queried the imperative of newspaper houses having 36 offices across the states of the federation, for example, while suggesting a good use of the Nigeria News Agency (NAN) platform and the need to start making Google pay for stories as against offering grants, which is what obtains in some parts of the world.

The lead discussant, Aigbogun, gave a rather frank delivery of the topic, and left nothing to chance in his attempt to delve extensively into the problems with newspaper business in the country and what needed to be done to survive the imminent extinction, drawing examples from different parts of the world.

Starting with an African proverb on the Gazelle and the Lion, the Business Day Publisher, who said every individual and organisation must go to bed and wake up thinking survival and keep running everyday of their lives, made the need for diversification the core of his presentation.

“It’s important to think diversification,” he said, adding: “There must be something to hand over to our

children,” even as he advised that, “Seeing opportunities and taking advantage” must not elude any business owner intending to grow their businesses.

He held that on some occasions, things might appear tight, but as managers, it wastheir responsibility to find ways and means to overcome them, stressing that business models must change through innovations and the structuring of costs.

Aigbogun, who was roundly commended for doing justice to the topic, said the world was moving and the market dynamics were changing too, and such, approach must change to reflect the current realities.

Arguing that newspapers could not be managed differently if the existential struggles must be properly acknowledged, he went further to say, “editors must become business managers of their newspaper organisations to meet the new challenges.”

He observed that the, “Time for doing things for free is done.

Everything must have some path of revenue. Everything that generates value should generate revenue. Good journalism is valuable, don’t give it away for free.”

In conclusion, before the retreat went on lunch break and subsequently dissolved into technical groups, he addressed the imperative of audience engagement as a way of assessing the performance of each news story, as well as the imperatives of building well-off data bases, to boot.

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POLITICS

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

As Adamu, Omisore Exit APC’s National Working Committee...

The exit of both the National Chairman of the All Progressives Congress, Senator Abdulahi Adamu and National Secretary, Senator Iyiola Omisore, from the National Working Committee of the party was only a matter of time but many never thought it would come so soon. Adedayo Akinwale reports.

Tinubu

T

he crisis rocking the National Working Committee (NWC) of the All Progressives Congress (APC) reached a crescendo Monday with the eventual resignation from office of the former National Chairman of the party, Senator Abdulahi Adamu and the Secretary, Senator Iyiola Omisore.

Before the duo took the exit door, the ruling party had fixed the National caucus and National Executive Committee (NEC) meetings of the party to hold on July 18 and 19 respectively.

However, the recent development forced the leadership of the party to postpone indefinitely the National caucus and NEC meeting, with the promise to announce a new date in the future.

Addressing newsmen at the end of the NWC meeting held at the party’s secretariat in Abuja on Monday, the Deputy National Chairman, North, Senator Abubakar Kyari announced that both Adamu and Omisore have resigned their positions.

Other NWC members in attendance at the meeting were: Deputy National Chairman (South), Emma Eneukwu; National Vice Chairman (North-West), Salihu Lukman; National Organising Secretary, Suleiman Arugungu, Deputy National Organising Secretary, Nze Duru; National Vice Chairman (North-East), Salihu Mustapha; National Vice Chairman (North Central), Muazu Bawa; National Vice Chairman (South-West), Issacs Kekemeke; National Vice Chairman (South-East), Ejoroma Arodiogu and the Deputy National Secretary, Festus Fuanter.

Kyari stated: “The NWC wishes to inform you of the resignation of the National Chairman, Senator Abdullahi Adamu and that of the National Secretary, Senator Iyiola Omisore.

“And with this development and according to the constitution of the All Progressive Congress (APC), it is now incumbent on my humble self Senator Abubakar Kyari as a Deputy National Chairman, North to assume the office of the acting National Chairman of the All Progressives Congress (APC).

“And subsequently also, the Deputy National Secretary, Festus Fuantar will now assume the office of the acting National Secretary of the All Progressives Congress (APC).”

Adamu was appointed as the national chairman of the party in March 2022 after he was anointed for the position by former President Muhammadu Buhari.

Nevertheless, the frosty relationship between Adamu and President Bola Tinubu did not start last week. The cat and mouse relationship started when all the presidential aspirants of the party were criss-crossing the nation, canvassing for votes ahead of the presidential primary of the party.

When Tinubu sensed that there was a fierce opposition against him, he came down hard on the powers perceived to be against his ambition.

“If not for me that stood behind Buhari, he wouldn’t have become the President. He tried the first time, he failed. The second time, he failed. The third, he failed. He even wept on national television and vowed never to contest again. But I went to meet him in Kaduna and told him he will run again, I will stand by you and you will win, but you must not joke

Adamu

with Yorubas and he agreed”, he had said in Abeokuta, Ogun State capital while campaigning to secure APC presidential ticker.

But, Adamu, the then chairman of the party did not take Tinubu’s utterances lightly. He summoned an emergency press conference at the party’s national secretariat, where he described his action as unbecoming and insulting.

His words: “His utterances are very very insulting. It’s very very unbecoming for a person of that standing to do what he did to the sitting president of the Federal Republic of Nigeria, the President produced by the votes of the APC. Yesterday we saw some part of a retraction but that effort is not adequate.

It is not sincere. It doesn’t wipe out the impression that that event has left in our minds”.

Also, two days before the presidential primary of the ruling party in 2022, Adamu announced the former Senate President, Ahmad Lawan as the consensus presidential candidate of the party.

Addressing newsmen after Adamu made the announcement, APC National Organising Secretary, Sulaiman Argungu, confirmed the development.

According to him,Adamu announced the consensus decision during the meeting of the party’s national working committee (NWC), held in Abuja.

Argungu, however, maintained that the APC national chairman’s position is not that of the NWC. It took the firm decision of the NWC members and the APC governors who stood their ground by insisting that all the presidential aspirants must be allowed to go to the field before they were able to quash Adamu’s coup.

Following the triumph of Tinubu at the February 25, 2023 presidential poll, both Adamu and the president have been trying to manage their frosty relationship.

Omisore

N’Assembly’s Principal Officers: The last straw During the election of presiding officers of the 10th National Assembly in June, 2023, THISDAY investigation revealed that Adamu had expressed strong reservations about President Tinubu’s imposition of Godswill Akpabio, Jibrin Barau and Abbas Kalu as anointed candidates for both chambers.

A member of the APC NWC who preferred anonymity said the Presidency felt embarrassed

by Adamu’s denunciation of the list of principal officers when he was actually privy to it.

Recall that Adamu had told the APC Governors at a meeting that his leadership was not aware of the list read on the floors of both chambers.

“You will get an update on the national election in the national assembly’s sharing of powers particularly in the leadership of the chambers. The election of the principal officers of the Senate by the Senate President and Deputy Senate President. The election of the speaker and the Deputy Speaker of the House of Representatives have been determined and announced and their responsibilities.

“The remaining offices which will be determined by the two chambers is yet to be done. I had a courtesy call on Saturday from the President of the Senate and his Deputy.

“The following day, which was Sunday, | received the visit by the Speaker and the Deputy Speaker coming to me for Sallah’s homage.

“But, I am just hearing as a rumour now from the online media that there has been some announcements in the Senate and House of Representatives. The national headquarters of the party or the NWC has not given any such information or communicated about the choice of offices.

“And until we formally resolve and communicate with them in writing which is the norm and practice, it is not our intention to break away from traditions. So whatever announcement is done either by the President of the Senate, Deputy Senate President, Speaker or Deputy Speaker, is not from this Secretariat,” he had said

The State Chairman of the All Progressives Congress, Mr Ade Adetimehin, disagreed with the Young Peoples Party (YPP), insisting there were no hitches in the running of the government in the state.

He said: “They should go and do their findings very well; there is no hitch in the running of the government. We all know that Governor Akeredolu has handed over to Aiyedatiwa before going and he (acting govenor) is performing his duties. I believe the YPP are talking just to be heard that they exist, but they got this wrong because there is no division anywhere in the government”.

Apart from the frosty relationship between Adamu and President Tinubu, the former Nasarawa state governor’s leadership style and his refusal to carry members of the NWC along had been a major concern among the party leadership.

Interestingly, it wasn’t long before members of the NWC resumed hostilities. The APC National Vice Chairman (North-West), Dr. Salihu Lukman, was the first to bell the cat in April, 2023 when he accused Adamu and Omisore of turning other members of the NWC to rubber stamp.

He accused the duo of taking decisions bordering on managing the finances of the party without the knowledge of other NWC members.

Lukman in a statement wondered why the National Advisory Council (NAC) of the party had not been inaugurated more than a year after the Adamu-led NWC assumed office.

He said the constitution of the party under Article 13.2B.(i) stipulates that, “the National Secretary shall, not later than one month after an elective convention, convene the meeting of the National Advisory Council”; but added that one year after assuming office, Omisore has never proposed any action towards the inauguration of NAC. Also, Lukman during a recent interview accused Omisore of mismanaging Osun State governorship election campaign funds.

According to him: “Part of the issue with that is that I’m aware the party has given some campaign funds to Osun which was handled by the National Secretary and to some extent, he has either mismanaged it but more importantly, he’s not been accounting to anybody and you have to activate the process of accountability”.

The allegation did not go down well with Omisore who threatened to sue Lukman.

The party’s scribe in a letter by his attorney dated March 15, 2023 demanded for a retraction, apology, and payment of N500 million damages for the libelous statement against his person.

But Lukman who had already don his comradeship toga said Omisore cannot bully him into silence, insisting that he must render account of the money provided for the prosecution of the Osun governorship election.

The Kaduna-born politician ensured that he did not give both Adamu and Omisore any respite as he also put pen to paper on April 5, 2023, where he gave one week notice to Adamu to convene NEC meeting.

Following the expiration of the one-week ultimatum, Lukman dragged the Adamu-led NWC before an Abuja High Court over his refusal to convene NEC and National caucus meeting of the party.

Against this background, on May 3rd, Adamu summoned an emergency meeting of the NWC following a lawsuit instituted by Lukman.

The crisis, however, got messier when the National Legal Adviser, Ahmad El- Marzuq, recommended the expulsion of Lukman, in his letter to Adamu.

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

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FEATURES

Group Features Editor: Chiemelie Ezeobi Email: chiemelie.ezeobi@thisdaylive.com, 07010510430

From Nigeria to UK: Chigozie Anozie's Journey to Earning and Thriving Prince's Trust International, PTI, which metamorphoses young Nigerians to dream jobs, was founded

by His Majesty, King Charles III, to tackle the global crisis of youth unemployment. Since 2015, the platform has supported over 50,000 young people across 20 countries within the Commonwealth and beyond across Asia, Africa, the Caribbean, the Middle East and Europe. They work with local partners to develop programmes and interventions to help young people to build their futures. They are committed to amplifying the voices of young people on the global stage and putting their needs at the very heart of the design and delivery of our work in line with Sustainable Development Goals. One of its success story, 28-year-old Nigeria, Chigozie Anozie, after two years of wandering in the labour market, is currently basking in the euphoria of his new job —as a solar engineer in a renewable energy firm. Recently, Anozie was a coronation guest of Prince Charles in the UK. At the recent launch of PTI in Lagos where 120 applicants and critical stakeholders converged to change their career trajectories, he tells Rebecca Ejifoma about his quest to light up communities and villages across Nigeria and Africa

C

ould you walk us through your journey as a guest at the Coronation of King Charles III in the UK? I got the Prince's Trust International (PTI) invitation on January 16 last year when I was still in Imo state. A friend of mine sent me the invitation to register for the programme, Get Into Renewable Energy programme. I thought it was an employment. But on registering, I found out it was training. I knew I needed the skills to get into the fields, and solar energy is something I've always wanted to do.

I applied for the programme. Surprisingly, I got invited. I left Imo state for Lagos on a Sunday by road [about nine hours of travel excluding traffic gridlock]. I attended the interview. Luckily for me, I was part of the applicants who were interviewed.

I'm thrilled; my experience at the coronation of King Charles III was unique, attending an event I had always wished to attend. I got an invitation from the King after I did the PTI programme and got employed.

The Coronation is one of the most significant, highest, most respected ceremonial events in the world. I wore my Isi agu [native attire of the Igbos from the eastern part of Nigeria]. I don’t think there’s any event that could beat that.

Having had such a memorable lifetime experience, what impact would the PTI programme have on you and your career?

It was after the PTI programme I got employed.

Before that, I was learning different skills. Even though I applied to companies for jobs, no one ever called me. It felt sad, depressing, and frustrating.

I rounded off my university education in 2018.

I studied Mechanical Engineering at the Michael Okpara University of Agriculture, Umudike, in Abia State. After completing the compulsory National Youth Service Corp (NYSC) in 2019, I was home for about two years.

PTI sent me to a company in Lagos for my internship after training for a month in 2022.

Anozie I was determined to give it my best when I got there. So, before the internship ended, the company offered me employment immediately after the PTI programme. I was overjoyed. I was the first person to gain employment after the programme. I was proud to be. I'm grateful to PTI. Being at home without a job for two years was frustrating. I wasn't earning income for those years. I tried my best to see if I could meet the demand in the market. Despite all those glaring challenges, I was optimistic when I got

the invitation from PTI. In the end, it worked out for me.

What hurdles would you say the youth in the country face using your experience as a reference?

One of the biggest challenges facing youth in Nigeria, speaking from experience, is not giving us a chance to showcase our talent, our strengths.

I believed in myself. I knew what I could do. But I never got to express it with all the applications I sent. I applied to companies I was sure I could bring much value to, but they never accepted the applications, much less gave me

a chance to express my abilities.

I would implore companies in Nigeria to start accepting applicants applying to their companies, not based on recommendations alone. Some people don't have anyone to recommend them. Some people are capable, resilient, and enthusiastic about the job but continue to while away the time at home. Some of them are venturing into different activities they never wished to do. However, if these companies can be more receptive and welcome applicants who reach the qualifications or are fit for that role, it will help.

Interview them, and employ them if they qualify.

Again, some of these young people even applied for internships, but the companies never accepted them. For some companies, when they accept these applicants, they won't pay them.

Encouraging fellow youth to see the light at the end of the tunnel I would advise my fellow youth, who are still without jobs, to embrace impactful programmes like this PTI with positivity. In Nigeria, most of us think that programmes like PTI are far touch from reality. Keep learning; there's no limit to what you can achieve.

There's hope in Nigeria. Sometimes, however, our government makes hope seem impossible.

For those travelling for studies, you can acquire the knowledge and return home. I know a lot of CEOs in Nigeria who travelled to study abroad and returned to the country, employed labour and contributed their quota. So, I want to encourage our youth to remember home when they leave the country.

Now that you have a platform to express your career strength, what is your aspiration for society, nation and continent?

Now I'm in the renewable energy line—even though I believe I have other skills I haven't displayed yet—I'm still growing. I want to power our communities and villages in Nigeria and Africa someday. I want to give these communities electricity. I don't know how long it will take.

But this is my target.

GREE: Showcasing Cutting-edge HVAC Solutions at Mega Clima Exhibition Precious Ugwuzor

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REE Electric Appliances, a leading global provider of innovative Heating, Ventilation, and Air Conditioning (HVAC) solutions, successfully participated in the highly anticipated Mega Clima Exhibition 2023 held from July 11th to 13th at Landmark Centre, Victoria Island, Lagos.

As an industry pioneer, GREE unveiled its latest advancements in air conditioning technology at the event, demonstrating its commitment to sustainability, energy efficiency, and superior comfort. The exhibition served as a platform for industry professionals, decision-makers, and technology enthusiasts to exchange knowledge, explore emerging trends, and discover stateof-the-art products and solutions.

Known for pushing the boundaries of innovation in the air conditioning industry, GREE showcased its latest product lineup at Mega Clima Exhibition 2023. The showcased models featured cutting-edge advancements in energy efficiency, air quality, and smart connectivity.

Chief Diana Chen, Chairman of Choice International Group, owners of GREE Air Conditioners in Nigeria expressed enthusiasm about participating in the Mega Clima Exhibition 2023 and emphasized its significance as a platform that brings together industry leaders and stakeholders. Chief Diana stated that the

L-R: Emmanuel Ugboh, GREE Nigeria Sales Manager, Modern Trade; Yewande Bamidele, Group Operations Manager, Landmark Africa Group; Ouyang Conghui, GREE Nigeria Sales Manager, Commercial; Paul Onwuanibe, Group CEO, Landmark Group; John Anuma, GREE Nigeria Marketing Manager; Opeyemi Kola Sodipo, Development Manager, Landmark Group at the Mega Clima Exhibition at Landmark, Lagos recently exhibition provided an opportunity to demonstrate GREE's commitment to revolutionizing the air conditioning industry through groundbreaking technology, energy efficiency, and sustainable practices. The company looks forward to engaging with visitors, exchanging knowledge, and showcasing

their latest innovations.

Visitors at the GREE booth had the chance to experience the advanced features of the company's flagship products, including GREE GMV6, Free Match, U-Match, Floor Ceiling Unit, GMVX, GMV5 Slim, General Static Pressure Duct Type Indoor Unit, 360 degrees Air Discharge Cassette Indoor Unit,

High Efficiency Water-cooled Screw Chiller, Variable Speed Air-cooled Screw Chiller, DC Inverter Rooftop Packaged Air Conditioners, Air handling unit, Fairy Inverter Series, G-Tech, Kimbe II Series and other range of Residential Air Conditioners.

GREE's innovative air conditioning solutions integrate advanced engineering, sustainable design, and user-centric features, resulting in exceptional efficiency and enhanced environmental responsibility. The exhibition attendees were treated to a diverse range of products tailored to meet the unique needs of residential, commercial, and industrial applications.

Apart from the comprehensive product showcase, GREE Nigeria also provided informative presentations by its team of industry experts. These presentations offered valuable insights into the latest advancements in air conditioning technology, their impact on energy efficiency and sustainability, and included a question-and-answer segment with exciting prizes for winners.

With a commitment to technological advancement, environmental responsibility, and customer satisfaction, GREE has established itself as a trusted worldwide brand. GREE Nigeria continues to push the boundaries of air conditioning technology, offering a comprehensive range of products that meet the diverse needs of customers in residential, commercial, and industrial sectors.

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T H I S D AY ˾ ͯͷ˜ 2023

FEATURES

Ensure Security of Your Baracks, Cantonment, COAS Charges GOCs, Commanders Stories by Chiemelie Ezeobi

T

he Chief of Army Staff (COAS), Major General Taoreed Abiodun Lagbaja, has charged general officers commanding and commanding officers of various formations and units to ensure security of the barracks and cantonments under their area of responsibility.

The COAS gave this charge at the closing ceremony of the second Commanding Officers Workshop held at Nebo Hall Abalti Barracks, Ojuelegba Surulere, Lagos and hosted by 81 Division General Officer Commanding, Major General Obinna Ajunwa.

Themed “Enhancing Operational Capacity of Commanding Officers for Better Performance in a Joint Environment”, the commanding officers were drawn from formations/ units within and outside 81 Division Area of Responsibility.

Lagabja, who was represented by the Corp Commander, Army Engineer, Major General Phillip Eromosele, stressed the importance of building strong relationships with officers and their families to promote a

Major General Taoreed Abiodun Lagbaja high level of camaraderie with host communities and other security agencies.

He said: "Let me emphasise

at this juncture that the security of your barracks and cantonments, as well as lives and property therein, is a command responsibility you must take seriously. You must foster good relationships with your officers, soldiers, and their families.

“You must equally strive to maintain a high level of cordiality with your host communities and other security agencies. You must understand that the place of jointness and collaboration cannot be overemphasised if you must be in tune with my command philosophy."

He said it has become expedient now considering the fact that they are commanding under a volatile, uncertain, complex and ambiguous environment.

He further charged the officers to think of fresh ideas aimed at tackling insurgency, noted that the commanders’ ability to make administrative, operational or tactical judgment and exercise effective leadership must be unquestionable.

On the course, he said already the senior military officers have been equipped with necessary professional knowledge and ad-

ministrative competencies that will enhance their quality during the training period.

He however stated that the knowledge gained must be adequately applied for a positive outcome.

He noted that "I am confident that with the choice of the topics, quality of resource persons and the brainstorming sections, you have therefore been equipped with the necessary professional knowledge and administrative competencies to enhance the quality of your output as Commanding Officers.

“You must, however, realise that knowledge gained must be applied for a positive outcome. Let me emphasise at this juncture that the security of your barracks and cantonments, as well as lives and property therein, is a command responsibility you must take seriously.

“As I declare the workshop formally closed, I wish to express my gratitude to the General Officer Commanding, 81 Division Nigerian Army, Major General Obinna Ajunwa, invited guests, resource persons and participants."

Change of Baton at WNC as Rear Admiral Abdullahi Pledges to Uphold Navy's Policing Role

R

ear Admiral Mohammed Abdullahi last Thursday, took over the mantle of leadership as the 23rd Flag Officer Commanding (FOC), Western Naval Command (WNC).

Pledging to uphold the Nigerian Navy's policing roles, he also said the navy’s constitutional role of defending the maritime territorial integrity will be discharged with utmost professionalism.

He made this pledge at the handing and taking over ceremony at WNC in Apapa, Lagos.

Rear Admiral Abdullahi, who was the immediate past Director of Communications in Naval Headquarters, appreciated the Chief of Naval Staff, Rear Admiral Emmanuel Ogalla for the appointment as the FOC, assuring that he would do his best and redouble efforts.

He also assured officers and men that the mandate of the CNS would be accomplished, adding that “I believe in the core value of team work and professionalism and together I believe we will conquer.

“We will do well as a command to make sure that the navy’s constitutional role of defending the maritime territorial integrity, policing roles, are all discharged with utmost professionalism. “ I want to thank the outgoing Flag Officer Commanding for doing well because he has achieved a lot of progress.

“For the rest of us I solicit for your support because it is our navy and I believe all of us will do it well because no man can do it alone".

As he handed over to Abdullahi to assume the role of Chief of Policy and Plans, Naval Headquarters, the 22nd FOC of the WNC, Rear Admiral Joseph Daniel Akpan, was commended and recognised for his exceptional accomplishments within a remarkably short span of time.

One notable achievement under his leadership was the Presidential Fleet Review held from May 19th to May 22nd, 2023, which was hailed as the most outstanding ever conducted in the Nigerian Navy's history.

In his efforts to strengthen bilateral relations, Rear Admiral Akpan facilitated the visit of esteemed foreign Naval vessels to the Nigerian Navy.

These visits fostered collaboration in areas such as training, joint operations, and potential research and development initiatives.

In his capacity as the Force Commander for Operation AWATSE, Rear Admiral Akpan played a crucial role alongside other security agencies in apprehending individuals involved in illegal activities. Notably, he was instrumental in the arrest of individuals aboard a wooden boat carrying Geepee tanks filled with crude oil siphoned from an oil wellhead in Ayetoro, Ilaje, Ondo State.

The Western Naval Command, under Rear Admiral Akpan's leadership, successfully

The FOC Western Naval Command, Rear Admiral Mohammed Abdullahi and his predecessor, Rear Admiral Joseph Akpan flanked by their wives, Hajia Abdullahi and Mrs. Akpan, respectively intercepted approximately 218 bags of suspected Cannabis Sativa that were unloaded from large wooden boats at Orimedu Beach, Ibeju Lekki, earlier this month.

In June, the command also dismantled an illicit refinery site located at Oke Siri waterside, Ondo State.

In addition, the command's efforts resulted in the arrest of three notorious cultists and the seizure of over 3,000 bags of foreign rice along various beaches in Badagry, which were subsequently handed over to the Nigeria Customs Services.

Rear Admiral Akpan said: "On assumption of duty, our first task as a command was to conduct the Presidential Fleet Review from 19 – 22 May 2023. It is on record that the PFR, was adjudged the best that was ever conducted in the NN. "In line with my command philosophy of getting the man ready for the job, mentally, physically and spiritually, by creating the right workplace atmosphere, we immediately we set out to address the challenges that our personnel face at work place and at the home front.

"Consequently, a talk was held on behavioural and attitudinal patterns, both at the parade ground here for NN personnel and at Navy Town Stadium for our families.

"The attendance, interest generated,

and feedback indicated that the talk resonated with the participants as issues of stress, drug abuse, health and other welfare issues were discussed. We intended to make this talk more frequent.

“As the Premier Command, Western Naval Command has remained the gateway to the NN as most of the port calls by foreign navies are conducted within the Command’s Area of Responsibility.

"In May 2023 alone we had port visits by a Spanish Naval Ship BAM ODAZ, Italian Navy Ship BORSINI, Ghana Navy Ship BLIKA and French Navy Ship COMMANDANT BIROT, including the latest visit by the Chinese Escort Task Force 162 comprising Destroyer NANNING, Frigate SANYA and Logistics Ship WEISHANHU. "We equally had visits from the Ethiopian Navy, emissaries from the United States Senate Committee on Foreign Affairs and other partners with the NN. This port visits have strengthen our bilateral relationship and collaboration with the visiting navies in the areas of training, operations and possible Research and Development.

"I am glad to announce to us that the visitors have met a ready Western Fleet and personnel to the effect that we were able to carry out fleet exercise with most of these navies. This has impacted positively to our efforts to secure the maritime environment for enhanced socio-economic activities.

“Gentlemen, as you are all aware, I doubled as the Force Commander for Operation AWATSE which is mandated to curb the incessant vandalism on NNPC System 2B pipeline from

Atlas Cove in Lagos to the Depot in Ibadan.

"Though the task involves other agencies such as the NA, NAF, NSCDC and NPF, I am glad to report that the NN personnel taking part in the operations have remained professional with result to show for it.

"Within the period under review, the Command arrested a wooden boat laden with Geepee tanks filled with crude oil siphoned from an oil well head at Ayetoro, Ilaje Ondo State.

"Also, early this month, the Command was able to intercept about 218 bags of consignment suspected to be Cannabis Sativa offloaded from large wooden boats at Orimedu Beach, Ibeju Lekki.

In the month of June, the command destroyed an illegal refinery site at Oke Siri water side Ondo State. Added to this are the arrest of three notorious cultists, seizure of over 3,000 bags of foreign rice along several Badagry Beaches which was handed over to the Nigeria Customs Services.

“In achieving this feat, the command combined aggressive patrols by our boats and ships as well as combined surveillance efforts of the NN helicopters and Maritime Domain Awareness Facilities comprising the Falcon Eye and the RMAC. "The sustained presence at sea and continuous surveillance make it difficult for perpetrators of criminalities such as piracy, robbery at sea, pipeline vandalism, crude oil theft to operate freely.

“As I conclude, let me seize this opportunity to our sister services, NPF, DSS, NCS, NDLEA and stakeholders in the Maritime Industry such as the Private Maritime Logistics Support Companies for their cooperation, collaboration and show of spirit-de-corps.

I also wish to thank the Comds of Western Fleet, NNS BEECROFT, NAB Ojo and NNS WEY, as well as the Comdts of NNSSs/ NNPSs, including my staff at the HQ WNC for their support. You all made my job easy.

Finally, I wish to thank the Chief of the Naval Staff, Rear Admiral Emmanuel Ikechukwu Ogalla, Admiralty Medal for his support and for bringing onboard pragmatic leadership since his assumption of office.

"He has promised that no stone will be left unturned in providing the tools/equipment and preparing the NN personnel to render efficient service in support of the constitutional role of the NN. It is on this ground that I also extend the same charge to my successor, Rear Admiral Mohammed Abdullahi, an amiable senior officer who I have known and worked with for decades.

"I trust that he will even do more than we have achieved in the short stay. Please, this is an operations command, so make sure that unscrupulous elements in our maritime space feel the weight of the law and your dedication to duty."

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24 T H I S D AY WEDNESDAY July 19, 2023

Wednesday July 19, 2023 Vol 27. No 10117

opinion@thisdaylive.com

www.thisdaylive.com

ATIKU AS MONOLITH OF NIGERIA’S DEMOCRACY: A RETROSPECTION ‘Landmark Constitutional Law Cases in Nigeria’ is still as relevant as ever, argues TUNDE OLUSUNLE

See page 25

TWITTER, THREADS AND THE BEAUTY OF COMPETITION Sonny Aragba-Akpore reckons Threads might never be Twitter—but it might be a friendlier place for conversations

See page 25 EDITORIAL

UNRELENTING VIOLENCE ON THE PLATEAU

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1

VALENTINE OBIENYEM pays tribute to Obi, former Anambra State governor and Presidential Candidate of Labour Party

HAPPY BIRTHDAY, PETER OBI Nigeria is crying for liberation. A lot of things go wrong in the country. Anambra was once like that but underwent a profound transformation from 2006 to 2014. In those years, the state witnessed an interregnum of peace and progress. At the end, the state was left with over N75 billion and other surpluses amidst recording the highest development among all the states. Unfortunately, his successor ended up destroying everything that he built; proving that from civilization to barbarism only take years provided a barbarian lurking around the gate is offered a little inroad. To whom, more than any other one man, do we owe that precious and epochal liberation? To Mr. Peter Obi As Obi turns 62 today, how do we rate him?

How shall we, who fret at the pinpricks of private tribulations, understand a man who came far ahead of his time? I am perhaps among the most privileged to talk about him. The fact is that if we should subpoena even his most virulent critics to the judgment box of truth they will speak eloquently of him when hatred and subjectivity are cast aside.

Born on 19th July, 1961, he started early in life and at every age engaged in what ordinarily his mates were considered as too young to do. With a little modification, we can say of him as Achebe said of Chimamanda, “he came fully mature.” As a pupil of primary school he was already a successful trader. In secondary school, his trading craft further blossomed and as an undergraduate was already bearing fruits.

With the same commitment with which he conquered every challenge he had faced, he entered politics and at once made his marks. If one cares to study his life as a model of growth and development, one would be happy to include unusual political achievements that really introduced new order to the country. This will be our focus today as we celebrate his 62nd year on earth – the boundless possibilities of man’s contributions to his society.

The Nigeria we all used to know was a place nobody had ever taken post-election litigation seriously. At the end of each election, those that were obviously cheated would threaten to bring down heavens only to later chicken out. They do this either out of promise by the crooked “winners” to carry them along or because they had been paid off using the resources of the state.

However, when Obi felt cheated, he went to court and defied all odds and became the first Governor to ascend the throne through the arbitrament of the tribunals.

Soon after Obi succeeded, he proved to Nigerians the infinite possibilities of our courts when approached with sense of duty, commitment and godliness.

His initial governance of Anambra State was perilous. Coming into government with an entirely different orientation unknown to the “ekperima’s” of politics, he started by trying to upturn the old, entrenched system. It did not go well with the old, they ended up impeaching him. Undaunted, he fought the impeachment vigorously, trusting in the judicial process. Eventually he was returned. Again, he set the record that impeachment is not a death sentence, especially when you mess with the wrong person. I recall that momentous period in the history of Anambra State, when impunity was the order of the day and decency took a flight.

Added to his very nature, his peculiar experience in the state and the unusual challenges imposed on him the task of changing the psyche of the people to see politics for what it is supposed to be and not the congregation of gangsters. He succeeded because, under him, Anambra moved many notches up in the scale of human and infrastructural developments and became an exemplary state. As the Governor, he displayed abilities rarely combined: rugged zeal and administrative skill. He showed us the infinite possibilities of the state once it is rightly governed. Even at times he was drawn into controversies; he attacked ideas, not characters.

In 2009, when the time for election was approaching, Obi wrote to INEC informing them that constitutionally he was supposed to serve out his

tenure, excluding the period Sen. Chris Ngige served wrongly. INEC not only refused, but went ahead to conduct an election. Again, Obi returned to court and successfully won, because the court agreed that he was constitutionally bound to complete his tenure. This was the reason Sen. Andy Ubah, the interim King, lasted just 17 days. This is the reason Anambra holds gubernatorial election on a different day. Soon, other States followed his footsteps, regained their states from usurpers and today hold elections on different days.

This remains a precedent by Obi, showing the nation the infinite possibilities of one man to change a corrupt system.

Many years after he left office, he goes about like the Sophist of Socrates time, dishing out in full scale, words of political and economic wisdom that if imbibed by our leaders would restore the glory of the

country. However, the president we had at that time, Gen. Muhammadu Buhari was impervious to good governance and reason which was why many people regarded him as a disaster. He is one of the many men of his time of whom it might be said that it would have been better for the country and humanity if they had never been born. His years were unmitigated disaster such that for once, noting the danger, Nigerians became united in the clamour for Obi to come on a rescue mission.

His involvement has exposed to us the true nature of man and has made some of us lose faith in humanity. One particular person and a class mate I had considered as a genuine activist was the most surprising. The election exposed him and his ilks as fake. It also exposed us to the antics of many Nigerians for what they really are. In some of the fora I belong to, it was distressing seeing human beings turning truth and our values topsy-turvy in the name of politics.

What lessons are we teaching the young ones when we have failed at our ages to follow the example of the reasoner who is seeking truth, and not of the eristic who is contradicting for the sake of what Nigerians call “stomach infrastructure”? We can now speak or write vividly about some characters we encountered during electioneering for the simple reason of using them to teach Nigerians what to embrace and what to run away from. This is in line with actions associated with Obi always being didactic by their very nature.

Who remembers the group whose two members were shamefully named in the recent EU report on the 2023 election? They think that politics is about eloquence aimed at hair-splitting and quibbles of words. I once describe their tribe as that of the depraved who carry paunches of poison under their tongues; when they speak this venom mingle with their words and pollute all the surrounding air. Clearly they speak with their hopes and wishes rather than with their brains. The unfortunate sequel is that they usually end up overwhelming little minds without illuminating any mind. What of our Anambra brother? He is like an orange in their hand; one squeezes the orange, and throws away the peel. During the election, they all made themselves targets for public contumely where they will remain for the reminder of their years.

On the contrary, we also witnessed men, amidst the political decay, who preferred edifying ethics to those of their time. We are not ashamed to mention their names. We have our own Chimamanda Adichie, whose voice came when it was needed most; Prof.

Okey IKechukwu, who knows how to make thoughts shine through words; Mr. Atedo Peterside, a worthy representative of ennobling expectations from elders; Prof. Pat Utomi, who always teaches us that to give life a meaning and chart a new course for a country like Nigeria, that Nigerians should strive to have a purpose larger than selves; Aisha Yesuf, is always ardent at escalating unjust instances on a bravely broadening scale; the young Ndi Kato reminds us of the ancient “Cato the Younger”, admired for his integrity and insistence that dictatorship must be resisted; Kenneth Okonkwo deliberately made himself seem fierce by his actions accentuated by a full jaw ready to masticate stupidity. Their speeches and releases are warm with love of freedom, democratic ideals, toleration, justice and reason.

The dynamics of the election also exposed us to the hypocrisy of some Nigerians. Here, I had a personal encounter. I have a good friend who I usually send my broadcast messages to. Recently, when I shared a particular message, he replied in words as shocking as they were revealing. Why must our people see things from ethnic prisms? Why must our people prefer their tribesmen for the governance of the state when it is clear to them that the man is wholly incapable of governance on account of age and infirmities? The “gragra” of strength we are witnessing is a case of a man using the last burst of his dwindling energy to deceive Nigerians and himself – it will not last.

Today Obi is at the Tribunal trying to regain the mandate, which, by popular acclaim, Nigerians gave to him. We hear side talks of the impossibility of removing a sitting president through the courts.

Those saying this may have forgotten that he did it at the State level and could do it again. Today all eyes are on him and on the judiciary.

Showing the interest as they never did in the past, Nigerians have been following his case and are astonished at the sheer weight of evidence he brought to the table. It was clear that the All Progressives Congress (APC) deliberately rigged him out of the first position to the third position so that he would not go to court. You could even see the disappointment of his followers by incessant lamentations that a person that got third position went to court rather than resting in his house.

All hands must be on deck to stop the grand buffoonery that is the present government founded on rigging. As the case at the Court of Appeal is gradually coming to the end, may I once again remind the Lord Justices to go beyond legalism and do the right things. Besides ennobling the judiciary, they would have written their names for ever in the hearts of Nigerians. Because they also live in the society, they are as aware of the nonsense that INEC did like the man next door. They should understand that continued acquaintance with the pervasive pertinacity of nonsense will destroy the society their children are part of. Buhari was very bad, we wanted him out and voted for a better man, Mr. Peter Obi. To allow the thieves of election to succeed is to ignore how Nigerians successfully delivered themselves from the foxes only for the judiciary to deliver us to the wolves.

As Obi turns 62, he offers us the opportunity to reflect about our lives and that of our country Nigeria.

Things are really very bad and history beckons on him to salvage the country. May no institution be an obstacle towards this great re-birth. Having seen how far men could go for the sake of power and to thwart this re-birth, we must advise ourselves to continue to love and cherish our country, but must at all times keep our gunpowder dry within the laws of the land.

Obienyem is media adviser to Peter Obi

T H I S D AY

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WEDNESDAY July 19, 2023

‘Landmark Constitutional Law Cases in Nigeria’ is still as relevant as ever, argues TUNDE OLUSUNLE

ATIKU AS MONOLITH OF NIGERIA’S DEMOCRACY: A RETROSPECTION By some prodigious coincidence, this year 2023 and Yakubu Maikasuwa, SAN. Andrew M. Malgwi leads a long list of other makes one full decade of the publication of a compendium on groundbreaking constitutional very learned and experienced attorneys who litigations filed by former Vice President Atiku are involved in the Atiku presidential petition.

Abubakar. Titled: *Landmark Constitutional Law They include: Ifeanyi Iboko; Yusuf Dankofa; M.S. Cases in Nigeria: 2004 - 2007: The Atiku Abubakar Atolagbe; O.A. Dada; Abdulazeez A. Ibrahim; Cases,*thebookwasauthoredbyMaxwellMichael Jamiu Olabode Makinde; Ahmed T. Uwais; Gidado, SAN, and Chudi Nelson Ojukwu. It was Adedamola Fanokun and Silas Onu. Also on the released in 2013, six years after Atiku completed Atiku matter are: Bashir Faisal Folorunsho; Jacob his second term in office as the first Vice President Ochai Otakpa; Priscilia Ejeh; Falilat Olajumoke of the Nigeria’s Fourth Democratic Republic. The Olawoyin and Nheoma Ndu Asobinuanwu. relevance and profundity of the effort is accentuated There are also a host of learned volunteers and by the fact that no less a jurist of the class of the enthusiasts who are making themselves available Honourable Justice Dahiru Musdapher, GCON, for the Atiku matter. Such is the quality and graciously signed the *Foreword* to the book. diversity engaged in the Atiku petition, who have Now of blessed memory, Musdapher was the been diligently at work at the PEPT in the last few Chief Justice of Nigeria, (CJN), from August 2011 months.

As Obasanjo unleashed the apparatus of state to July 2012. In a locale where otherwise revered against his deputy at every turn, the ever calm Atiku sought recourse in the judiciary. It would appear that the nation’s legal system was much more professional, discerning, courageous and independent-minded than many latter day jurists. Despite the overarching presence of a strong and influential President, Commander-inChief, adjudicators in that circa dispensed justice without quivering and fretting fear or favour. The manner of hounding, harassment and humiliation suffered by the judiciary under Buhari, however, is unparalleled in the nation’s history. Their privacy in their residential sanctuaries were repeatedly violated in the dead of night, their homes serially encircled by security agents.

Among the cases filed by Atiku during the years of his persecution by Obasanjo as reflected in jurists departed office in an admixture of dust *Landmark Constitutional Law Cases in Nigeria* and mud, Musdapher continues to be celebrated co-edited by Gidado and Ojukwu, concerned the “Removal of the Vice President.” The suit posthumously.

Gidado and Ojukwu assembled in this book, was recorded as that of the *Attorney-General landmark judgments in seven cases instituted of the Federation v. Alhaji Atiku Abubakar.* The

by Atiku between 2004 and 2007, in his second judgment of the Supreme Court on this was to term as the nation’s Number Two citizen in the the effect that the power to remove a President or Olusegun Obasanjo/Atiku Abubakar presidency. Vice President was solely the preserve of National Political historians recall that those were testy years Assembly. Such removal can only be feasible for Nigeria’s teething democracy. The President following the process laid down under the launched multipronged assault on the office and Constitution. Between the Court of Appeal and person of his deputy. Governance took a major the Supreme Court where the matter was heard hit no thanks to the festering, distracting debacle respectively, it was decided that “the President had between both political heavyweights. It has been no powers to declare the Office of the Vice President serially suggested that the leadership curse which vacant.” The National Assembly as custodian of has befallen Nigeria since 2007, is a direct spinoff these powers cannot share it with the President.

Another chapter in the book under review deals of those topsy-turvy years of avoidable high stake political fisticuffs. The strong and resilient with “Disqualification of Candidates for Election.”

Obasanjo/Atiku ticket which steered the country This was a matter of the *Action Congress (AC) to economic resurgence and global readmission v. Independent National Electoral Commission, and adulation, gave way to a rapid cascade (INEC)* Heckled out of the Peoples’ Democratic down the valley. This was accentuated under the Party, (PDP) under which he primarily desired superintendence of the bland and blank, distant to contest for the presidency, Atiku sought and and disinterested epoch of Muhammadu Buhari. received succour in the erstwhile AC. Despite It is apposite to revisit Atiku’s legal contestations peacefully leaving the PDP which was the ruling and triumphs as captured in the publication under partyatthetime,INEC,obviouslyplayingthemusic review released one full decade ago, against the of its masters disqualified Atiku from participating backdrop of goings-on at the Presidential Elections in the election. The entity AC subsequently became Petitions Tribunal, (PEPT). The book under the Action Congress of Nigeria, (ACN), before its inquisition like we noted earlier was published in amalgamation with other smaller parties to become 2013. Here we are in 2023. The book encapsulates the contemporary All Progressives Congress, judgments which have since become *locus (APC). The Supreme Court ruled that INEC lacked classicus* in Nigerian jurisprudence. All the seven the powers to disqualify candidates for an election. cases captured in the book were resoundingly This paved the way for Atiku’s participation in the won by Atiku. The future is pregnant. Following 2007 presidential election.

Badgered by officials of state who sought to manifest irregularities and glaring electoral frauds, forgeries and falsification which characterised subject Atiku to criminal prosecution, the High the February 25, 2023 presidential election, Atiku Court and Court of Appeal respectively, ruled has since filed for judicial mediation. His prayers against such indiscretion by the government. among others include the disqualification of the This is captured in yet another section of the book winner of the poll as declared by the Independent also titled *Attorney-General of the Federation v.

National Electoral Commission, (INEC), Bola Alhaji Atiku Abubakar.* It would be recalled that Tinubu, who was inaugurated as President a few a three-man investigation panel was set up by weeks back. Atiku is also pressing for the removal the Obasanjo government to prosecute Atiku. It of the incumbent national helmsman on the was the height of executive impudence and gross grounds that he, Atiku, won the clear majority of disrespect for the Office of the Vice President, that any official or group of individuals will dare validly cast votes.

Atiku’slegalteamreadslikethe“Who’sWho”in instigate investigative proceedings against the Nigeria’s legal firmament. They include: Joe-Kyari occupant of that office. A member of the Federal Gadzama, OFR, SAN; Chris Uche, SAN; Paul Executive Council, (FEC), reportedly suggested at Usoro, SAN and Saka Abimbola Isau, SAN. There oneofthemeetingsofthebodythatAtiku,whowas are also Eyitayo Jegede, SAN; Mike Ezekhome, present, be summarily barred from participating in CON, SAN; Nella Andem-Ewa Rabana, SAN; FEC meetings. Obasanjo who presided over that Ken E. Mozia, SAN and Garba Usman Tetengi, session read the unpopularity of the proposition SAN. Others include Mahmud Abubakar Magaji, and overruled it. Pertinently, the courts ruled that SAN; Joe Abrahams, SAN; A.K. Ajibade, SAN; the Nation’s Number Two citizen “could not be Abdul A. Ibrahim, SAN; Olalekan Ojo, SAN and subjected to criminal prosecution under any court Paul Harris Ogbole, SAN. The very formidable including the Code of Conduct Tribunal.” team equally features Maxwell Gidado, SAN; Olusunle, PhD, poet, journalist, scholar and author is Olusegun O. Jolaawo, SAN; O.M. Atoyebi, SAN; a Member of the Nigerian Guild of Editors, (NGE) Nureini S. Jimoh, SAN; Kemasuode Wodu, SAN

SONNY ARAGBA-AKPORE reckons Threads might never be Twitter—but it might be a friendlier place for conversations

TWITTER, THREADS AND THE BEAUTY OF COMPETITION With a promise of being user-friendly, the advent of Mark Zuckerberg’s Threads may jolt competition with Twitter and other similar social media platforms.

Threads hit 100milelion sign-ons within five days of launch, beating bookmakers predictions. It’s fastest growth recorded after ChatGPT hit 100million in two months.

Threads is riding on the loopholes created by Elon Musk’s Twitter when limits of how many tweets can be read or posted by users per day. Besides, the new Twitter business models of subscriptions didn’t go well with users and it limits how many people could sign on and cope with bottlenecks created by Musk.

Threads walks on familiar terrains created by Facebook, Instagram that have formidable members already and the idea of interoperability adds to the beauty of Threads as Facebookers and instagrammers may switch between platforms seamlessly.

So while Twitter remains a one-way traffic, many roads lead to Threads. Although, Threads appears flexible, it’s not clear how far Zuckerberg will run with it.

Threads arrives at a particularly weak moment for Twitter. Musk’s recent announcement that free Twitter accounts would, temporarily, only be able to view 600 tweets per day was met with derision. Such moves will likely further hurt advertising on the platform— worsening a crisis that’s been ongoing throughout Musk’s tenure.

Technical troubles at Twitter converging with a slow news week have set the stage for Threads. “Suddenly, you have something that’s improbable: Meta has gotten into microblogging and people are actually digging it,” according to John Wihbey, a professor in the School of Journalism and Media Innovation at Northeastern University who has worked as a contracted consultant for Twitter.

Threads, the latest of Meta’s copycat innovations, faces a long slog in its bid to topple Twitter as the microblogging platform of choice. It has jumped into a feeding frenzy for users that have grown increasingly heated since Musk bought the platform last year. But Threads comes with big potential, thanks to its polished tech, built-in user base, and a reputation for better moderation that’s likely to please big-money advertisers.

Threads, which is closely linked to Instagram but is actually a different app, has a major advantage over other Twitter copycats—it already has a huge potential pool of users on Instagram, and those people can choose to follow accounts they already follow on Instagram as they come onto Threads.

After months of chaos at Twitter, many people are looking for something different—but most have yet to commit to a single platform, which is good news for Threads. “They’ve definitely got a fighting chance if all of their protections for communities and individuals are firmly in place,” says Tama Leaver, a professor of internet studies at Curtin University in Australia. “If Threads can displace Twitter’s current toxicity, it may well steal Musk’s crown.”

And people don’t generally seek out Twitter and Instagram to meet the same needs. Twitter allows some nudity, while Instagram has barred it. Instagram is, at times, about aesthetics and positivity and personal updates—though it’s notorious for veering into toxic positivity and overly edited and carefully selected images. Twitter’s brand lies in snark, memes, and breaking news. It’s doubtful those two energies can merge seamlessly. “My take is it’s less about text versus photos and videos and more about what public conversations you want to have,” Adam Mosseri wrote in a Thread about the platform’s purpose.

With the backing of Meta, Threads has a team of engineers that volunteer-run networks like Mastodon can’t rival. People can also post Threads directly to their Instagram stories. And, according to a post recently from

Instagram head Mosseri, Threads will eventually have support for ActivityPub, the protocol behind Mastodon, which would let people take their followers to another service if they leave Threads or the app ever shuts down.

Threads can’t do all that Twitter can—yet. People need an Instagram account to sign up, and Threads is not available in the European Union, which has strict privacy standards that the app may not meet.

The feed defaults to a mix of accounts people follow and a slurry of posts selected by an algorithm; there’s no direct messaging feature; and the feed’s order is algorithmic, not chronological. Threads doesn’t have a trending topics section, and the search feature seems to only bring up accounts, not specific topics or posts, which makes it initially less appealing for anyone following big news events. There are also no ads—yet.

But Threads had a mostly smooth launch and largely positive reception, aside from a slight hiccup when Zuckerberg’s own Threads failed to load at some point.

Still, microblogging remains a risky bet, as social platforms focusing on it haven’t been consistently profitable. At the same time, Threads may boost Meta’s brand as Twitter’s reputation falters. And it’s a chance to capitalize on advertisers that have ditched Twitter.

Threads might never be Twitter—but it might be a friendlier place for conversations. For now, most of the posts on Threads are about the platform itself.

But it will have to hold attention past its launch to avoid being shuffled off into the Meta graveyard of failed imitators.

But Meta has a mixed history when it comes to cannibalizing its competitors. Instagram Reels leveraged some of TikTok’s popularity, and Instagram Stories, a Snapchat copy, has become a key part of the app—although neither has killed the rival networks, which remain two of Meta’s top competitors for attention among younger generations.

It looks like Threads might be the shiny Twitter rival of the day, but Meta has unsavory record with projects outside its core apps. Its all-in bet on the metaverse hasn’t yielded the immersive world Zuckerberg envisioned, even when it added legs.

In the past year alone, Meta has killed other offshoots, including Super (a Cameo copy), Facebook live shopping, and Neighborhoods (a Nextdoor clone). A podcast push also packed up shop earlier in 2022. And Meta followed Twitter in announcing a paid subscription tier that would come with verification and better features earlier this year.

What’s the fastest way to grow a new social network? It turns out converting your existing 1 billion+ users over to the new thing isn’t a bad idea.

How precedented is 100 million users in less than a week?

Back in February, ChatGPT set a new record for the fastest-growing consumer application after crossing the 100 million threshold within two months of launching.

“In 20 years following the internet space, we cannot recall a faster ramp in a consumer internet app,” a UBS analyst wrote at the time.

For comparison, Instagram reached the same milestone after two and a half years about a decade ago.

The landscape is obviously different in this decade. TikTok only took nine months to hit 100 million users. But the appetite for a more mainstream alternative to Twitter is especially strong right now.

Still, virtually no one saw the immediate success of Threads coming. Just a month ago, there were thoughts Instagram’s “Project 92” app just looked like the comments section from Instagram.

There were also thoughts it was a no-brainer move that let Meta take advantage of the ActivityPub/Fediverse movement. Now it seems like Meta could have never promised to support interfacing with Mastodon and other federated Twitter alternatives.

Of course, the next challenge for the folks at Instagram is to make Threads stick. The 1.0 version of the app is especially bare bones. It’s also easier to have users sign up than it is to have users stick around and engage.

Apple has joined the fray on Threads, though, which signals this thing might be more than a small tight knit community.Via the App Store, Threads is available everywhere except the EU .

Aragba-Akpore is a member of THISDAY Editorial Board

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T H I S D AY

WEDNESDAY July 19, 2023

EDITORIAL

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

UNRELENTING VIOLENCE ON THE PLATEAU Security agencies could do more to stem the bloodshed

U

nrelenting violence across the North central has slid into chaos and forcing many out of their homes in droves.

In the past three months dozens of innocent people have been killed in eight local government areas in more than 6000 households in Plateau State. A human rights organisation, Gideon and Funmi Para-Mallam Peace Foundation, stated in its report last week that killings and sustained attacks, summary executions and burning of homes have been on for weeks in Bokkos, Barkin Ladi, Riyom, Jos North, Mikang, Bassa, and Mangu, and in the aftermath creating huge humanitarian problems.

President Bola Tinubu has directed security DJHQFLHV WR ÀVK RXW WKH masterminds of the killings, following last week violence in Vwang district of Jos South local government. “It is most unfortunate that in this orgy of violence, an innocent eight-month-old baby GLHG LQ D FRQÁLFW VKH NQHZ QRWKLQJ DERXW µ KH VDLG Not many people will be comforted by the presidential directive. Armed violence and brutal killings have persisted on the Plateau, and indeed elsewhere, despite similar promptings by the immediate past government. Violence in Plateau State now constitutes one of Nigeria’s major security threats.

Communal clashes and reprisal killings over scarce grazing land and water resources have plagued Nigeria’s central region for decades. Since 2001, the once peaceful Plateau State with a glorious climate, has been embroiled in ruinous and costly communal clashes which has consumed thousands of lives and displaced tens of thousands. At the last count, more than 12,000 lives had been wasted while the local economy is bleeding. Benue, and to extent Nasarawa States, are also impacted badly by cattle grazing and bloody disputes between herders and farmers, and in the process laying waste the country’s food basket.

The clashes are also fuelled by the dichotomy between

WKRVH ZKR FRQVLGHU WKHPVHOYHV ´LQGLJHQHV µ DQG WKH )XODQLV ZKR DUH UHJDUGHG E\ PDQ\ DV ´VHWWOHUVµ Plateau State has many ethnic groups, but the clashes are mainly between Muslim Fulani herders and Christian farmers. In August 2021, an attack on Muslims travelling through Jos for a religious event led to the deaths of more than a dozen people. As a measure of resolving the crisis, a local special task force, codenamed Operation Safe Haven, has been deployed to the state since 2001, but it has remained ODUJHO\ LQHͿHFWXDO *RYHUQPHQW HͿRUW DW ERWK WKH federal and state in resolving the crisis has also been half-hearted. They have been unable to decisively address the unfortunate situation by their persistent refusal to confront reality.

Nor have security forces provided much cheer as they often arrive scenes of violence after the damage had been done. Indeed, some have been implicated in the past for taking sides.

Even community leaders as well as religious leaders who ordinarily should help in bringing peace and order are mostly often the ones leading the rhetoric of hate which fuels the cycle of violence.

As we have repeatedly said, the solution to the persistent violence on the Plateau lies in addressing headlong the problem of open grazing. It is time to end indiscriminate grazing of farmlands by cattle in Plateau State, and indeed across the country.

Many countries in Africa like Botswana, South Africa, Mozambique, Kenya and Ethiopia have long HPEUDFHG UDQFKLQJ DQG LW LV SD\LQJ RͿ ,W LV WKH WUHQG across the world. There is a crying need for the nation to promote ranching which would allow pastoralists access a large expanse of land for grazing without encroaching on farmers’ land.

In addition, the country’s new security chiefs must take the directive of the President seriously and stop the cycle of violence on the Plateau, and indeed elsewhere in the country.

The solution to the persistent violence lies in addressing headlong the problem of open grazing. It is time to end indiscriminate grazing of farmlands by cattle in Plateau State, and indeed across the country T H I S D AY EDITOR SHAKA MOMODU DEPUTY EDITORS WALE OLALEYE, OBINNA CHIMA MANAGING DIRECTOR ENIOLA BELLO DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN THE OMBUDSMAN KAYODE KOMOLAFE

T H I S D AY N E W S PA P E R S L I M I T E D EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, ISRAEL IWEGBU, EMMANUEL EFENI DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, ANTHONY OGEDENGBE DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI SNR. ASSOCIATE DIRECTOR ERIC OJEH ASSOCIATE DIRECTOR PATRICK EIMIUHI CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO TO SEND EMAIL: first name.surname@thisdaylive.com

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.

LETTERS MITIGATING THE IMPACT OF FLOODING Recently, Nigeria’s National Emergency Management Agency (NEMA) warned that at least 31 communities across 14 states of Nigeria would experience heavy downpours that may lead to GHYDVWDWLQJ ÁRRGV 7KH\ XUJHG VWDNHKROGHUV WR take precautionary measures to forestall its impact. This looks like a deja vu of last years’ expeULHQFH ZKHQ ÁRRGV UDYDJHG PDQ\ FRPPXQLWLHV DFURVV GLͿHUHQW UHJLRQV RI 1LJHULD 7KH ÁRRGV were described as the worst in decades. According to the federal government, it claimed over 600 lives, displaced over 1.3 million people and more than 200,000 houses damaged. :KLOH WKHUH DUH PDQ\ RWKHU FDXVHV RI ÁRRG HVpecially in Nigeria, it is important to understand the critical role that climate change plays in the HQWLUH ÁRRGLQJ HSLVRGH 7KHUH LV QR GRXEW WKDW climate change has contributed immensely to incessant precipitation. This is basically caused by unusual warmth around the planet leading to warmer ocean waters and more moisture in the atmosphere thereby producing rains that could

OHDG WR ÁRRGLQJ 7KXV GRQ·W EH VXUSULVHG ZKHQ the same drainage system that contained penultimate year’s rain is unable to contain this year’s downpour. With the unpredictable nature of climate change across the world and the fact that the phenomenon has come to stay, there is no better time to educate young people, communities, schools, and community-based organizations on how to mitigate the potentially devastating imSDFW RI FOLPDWH FKDQJH HVSHFLDOO\ KRZ LW DͿHFWV developing countries like Nigeria.

While there are general geography subjects in secondary schools, this is an opportunity to review the curriculum to include practical courses related to climate change and how it impacts even the school and surrounding environments. This can be achieved via laboratory sessions, showLQJ KRZ FOLPDWH FKDQJH FDQ OHDG WR ÁRRGLQJ DQG how it can be mitigated. While schools are used to excursions to fancy and historical locations, an empirical experience of locations that have EHHQ RU DUH YXOQHUDEOH WR ÁRRGLQJ GXH WR FOLPDWH

change will also go a long way in improving understanding of the process. Beyond experience-sharing sessions in schools, educating students on climate change could also trigger service projects supported by educational trust funds amongst others.

Community-based organizations also have a responsibility to educate members of their communities on actions to take in order to mitigate the negative impact of climate change. There is a need to integrate Social and Behavioral Change Communications (SBCC) into strategic programming on FOLPDWH FKDQJH WR HQVXUH EHQHÀFLDULHV WDNH necessary actions that can help mitigate imSDFWV OLNH ÁRRGLQJ )RU LQVWDQFH WUDLQLQJ RQ action points can be stepped down to traditional, religious rulers and other community LQÁXHQFHUV LQ D ELG WR SURPRWH PRUH FRPpliance among citizens of vulnerable communities. %H\RQG MXVW ÁRRGLQJ DV DQ LPSRUWDQW HI-

fect of climate change, there are immense opportunities to develop a comprehensive toolkit on every other aspect of human endeavours that climate change can potentially LQÁXHQFH $ FOLPDWH FKDQJH HGXFDWLRQ UHSHUtoire will not just decentralise knowledge about the potential impact but will prompt the right actions to prevent the escalation of any negative impact.

Governments at all levels must take intentional steps by investing in both human and ÀQDQFLDO UHVRXUFHV WR GHFHQWUDOL]H FOLPDWH change education and ensuring climate FKDQJH HͿHFWV DUH FXVKLRQHG 7KXV PLQLVtries, agencies and departments must develop a strategic framework and put the right structures in place to enable individuals, JURXSV DQG FRPPXQLWLHV WR WDNH HͿHFWLYH DFWLRQ WR PLWLJDWH WKH HͿHFWV RI FOLPDWH FKDQJH Olasupo Abideen, Kwara State coordinator, NotTooYoungToRun movement

T H I S D AY ˾ WEDNESDAY, JULY 19, 2023

27

BUSINESSWORLD R A T E S MONEY MARKET

A S

REPO

A T

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

08056356325

J U L Y

S & P INDEX

1 7 , 2 0 2 3

S & P INDEX

EXCHANGE RATE

OPR

11.25%

CALL

19.12%

INDEX LEVEL

611.31%

1/4 TO DATE

-0.07%

N795.28/ 1 US DOLLAR*

OVERNIGHT

11.50%

1-MONTH

16.25%

1-DAY

0.03%

YEAR TO DATE

0.48%

*AS AT MONDAY, JULY 17, 2023

3-MONTH

15.75%

MONTH-TO-DATE

-0.7%

Bank Customers Lament as Maximum Lending Rate Hits 28.94%

Kayode Tokede In addition to multiple economic challenges, banking sector customers have decried rising interest ratres as average maximum lending rate increased to 28.94 per cent in June 2023, making it the highest so far this year.

The Central Bank of Nigeria (CBN), in line with current global practice, has on several occasions raised the Monetary Policy Rate (MPR) to tackle inflation.

The Central Bank of Nigeria in its money market data revealed that average maximum lending rate that opened in January 2023 at 27.63 per cent has increased to

28.94 per cent in June amid 18.5 per cent MPR and 22.97 per cent inflation rate as at June 2023.

The average maximum lending rate was at 27.61 per cent in June 2022 on the backdrop of 13.00 per cent MPR. Maximum lending rate refers to the rate charged by Deposit Money Banks (DMBs) for lending to customers with low credit rating.

According to THISDAY investigation, average maximum lending rate in the banking sector reached record high June 2023 and over six-month high.

The average maximum lending rate closed December 2022 at 29.13 per cent, making it the highest

since January 2020 when its was at 30.77per cent.

The data by apex bank revealed that average prime lending rate dropped to per cent in June 2023 from 14.07 per cent in May 2023.

Average prime lending is the interest rate that DMBs charged on loans and products held by customers with the highest credit rating.

The rate reached 14.07 per cent in May, the highest in 2023 and 13.62 per cent lowest as of February 2023.

Finance analyst attributed the decline in average prime lending rate to banks aggressive ways of attracting more lending to high

credit rating customers amid struggle economy.

Responding to hike in maximum lending rate, Chief Research Officer, InvestData Consulting Limited, Mr. Omordion Ambrose said, “Businesses need a lot of credit facilities to survive, but in an environment where the lending rate is astronomical high, many enterprises, especially small and medium-scale, might find it extremely difficult to survive as their products will remain uncompetitive and the cost of production and the sale prices to consumers will remain high.”

He added that, “A hike in interest rate is often considered a manufacturers’ nightmare as it stifles

productivity and expansion. A hike in interest rate slows down productivity, as manufacturers struggle to keep machinery in operations and pay salaries. Those who look forward to borrowing for expansion and production will have to shelve such ideas in the face of the high cost of accessing funds.”

The Head, Financial Institutions Ratings at Agusto & Co, Mr. Ayokunle Olubunmi, had stated the gradual increase in MPR impacted on average maximum lending rate since 2022.

He noted that the increase, of course, would affect businesses and probably reduced borrowing rate in the banking sector.

He said, “For businesses that have taken loans, they will be paying more interest rate on these loans and it will affect their profitability. Also, any businesses or individuals that wanted to borrow money now will think twice amid hike in interest rate.”

Olubunmi added that, “The hike in MPR by CBN is a contractionary monetary policy. The move is to reduce the number of people that will take new loans and it will reduce the amount of money in circulation which is expected to reduce inflation.”

The story continues online on www.thisdaylive.com

Despite Economic Crunch, Pension Fund Records N335.57bn Growth in Five Months Ebere Nwoji Despite the general economic crunch plaguing businesses in the country, the National Pension Commission (PenCom) has said that pension fund recorded a monumental growth of N335.572 billion within the first five months of this year.

It added that the total pension asset accumulated by all the licensed Pension Fund Administrators (PFAs) stood at

approximately N15.772 trillion.

This is contained in the unaudited financial report released by the commission which said the above figure was as at May 31,2023.

According to PenCom report, this showed approximately N15.582 billion growth from April figure of N15.582 trillion total assets.

It also shows that whereas the pension sector in the first five months of the year recorded N335.572 billion growth, in the first

four months of the year that is April 30th 2023, the sector recorded approximately N189.180bn growth.

In the month of March that is first quarter of the year, pension total assets stood at N15.45 trillion while the monthly growth rate recorded was N132.6 billion.

Giving a break down of how the funds were invested, PenCom said the funds were invested in various asset classes, adding that as at May 31,2023, federal government securities still retained the lion share

by having N910.97billion in the existing scheme, “with closed PFAs fund I taking N48,649.69, fund II; N4,482,533.69 while fund III took N3,232,851.53 fund IV took N876,975.24 while fund V took 166.89; whereas fund VI active fund took N2,425.65 bringing the total pension assets in the federal government securities to N10,435,225.58.”

PenCom said investments in federal government bonds has N866,532.45 remaining “with

the existing scheme, N793,823.58 with closed PFAs, N46,083.71 in fund I N4,325,344.66 in fund II N3,116,530.36 fund III, N848,157.65 fund IV, N132.05 for fund IV, N7,765.75 for fund VI Active and N1,112.98 for fund VI retiree.This is followed by investment in federal government treasury bills which stood at N 33,758.84 in existing scheme, N8,169.75 in closed PFAs.” The commission said fund I took N33,758.84Fund I I took N90,722.47, Fund III N47,148.26,

fund IV 30.18 fund V N30.18 while fund VI retiree took 19.56.Active took N381.66.

According to the PenCom unaudited report, investment in money market instrument shows that N232,085.93 is retained in the existing scheme, “closed PFAs took N143,641.37 fund I took N8,044.75 , fund II took N709,,959.58, fund III took N478,808.36, fund IV took N161,928.36, fund IV took N230.03 fund VI active took N9,096.14Fund 6 retiree took N1,444.05.”

M A R K E T D ATA A S AT T U E S D AY, J U LY 1 8 , 2 0 2 3 BONDS Change Updated Time DESCRIPTION Price Yield (%) 14, ^13.53 230.12 July 106.12 9.51 2023 MAR-2025 ^12.50 2214, 103.32 10.95 0.36 July JAN-2026 2023 ^16.2884 14, 112.91 11.84 0.00 July 17-MAR-27 2023 ^13.98 2314, 105.04 12.50 0.00 July FEB-2028 2023 ^14.55 2614, 109.77 12.14 0.00 July APR-2029 2023

BILLS MATURITY

Discount Yield

Change (%) Updated Time

MATURITY

NTB 24-Aug23 NTB 7-Sep23 NTB 26-Oct23 NTB 9-Nov23

6.03

14, 0.00 July 2023

NTB 7-Dec23

JULI CP II 25OCT-23 ZEDC CP I 17-NOV-23 NSDL CP IIA 22-NOV-23 MTNN CP V 23-NOV-23 NSDL CP IIB 23-NOV-23

6.07

6.03

6.08

5.09

5.16

5.27

5.36

5.64

5.77

OTC F X F U T U R E S

CPS

14, 0.00 July 2023 14, -0.01 July 2023 14, 0.00 July 2023 14, 0.00 July 2023

Discount Yield

Change (%) Updated Time

17.77 18.70

14, 0.00 July 2023

15.44 16.30

14, -0.01 July 2023

19.49 20.95

14, -0.01 July 2023

12.17 12.73

14, 0.00 July 2023

19.47 20.94

14, 0.00 July 2023

CONTRACT Current Updated Time TENOR Contract Rate ($/₦) (MONTH) July 14, NGUS JUL 1 892.95 31 2024 2023 July 14, NGUS AUG 2 905.96 28 2024 2023 July 14, NGUS SEP 3 916.80 25 2024 2023 July 14, NGUS OCT 4 927.64 30 2024 2023 July 14, NGUS NOV 5 938.48 27 2024 2023

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PERSPECTIVE

Dispute Over OPL310 and Doctrine of Res Judicata-Our Rejoinder Hamilton Esi The attention of Afren Investments Oil & Gas (Nigeria) Limited and Lekoil 310 Limited have been drawn to a publication in THISDAY Newspaper of Saturday 8th July, 2023 with the caption “Dispute over OPL 310 and doctrine of res judicata”, and a publication in THISDAY Newspaper of Wednesday 12th July 2023 with the caption “Optimum Petroleum Tackles Lekoil over OPL 310” both authored by one Wale Igbintade. Both publications are full of distortions capable of deliberately misinforming the public. For the purposes of clarity, there is a need to correct the records.

Suit No. FHC/L/CS/482/2018 between Lekoil 310 Limited (“Lekoil 310”) & Anor. v. The Honourable Minister of Petroleum Resources & Anor., was instituted in 2018 Afren Investments Oil & Gas (Nigeria) Limited (AIOGL) before the Federal High Court, Lagos to address the protracted delays in the receipt of ministerial consent to Lekoil 310’s bona fide acquisition (the “Share Acquisition”) of the entire issued share capital of Afren Investments Oil & Gas (Nigeria) Limited (AIOGL) from Afren Nigeria Holdings (UK) (“ANHL”). By mutual consent and for valuable consideration, Lekoil 310 entered into the Share Acquisition with ANHL in 2015. ANHL isthe parent company to AIOGL at the time) in 2015.

AIOGL is the holder of 22.86% participating interest in OPL 310 (the “Interest”). ANHL duly sought ministerial consent for the Share Acquisition in 2016, but this was challenged

by Optimum. The challenge by Optimum and the delay in securing ministerial consent to the Share Acquisition culminated in the 2018 Court action. In its judgment, the Court held that the Share Acquisition was at the time “inchoate and invalid” because it lacked ministerial consent The Court also held that Optimum’s consent was required for the Share Acquisition.

In line with the Court judgment and provisions of the Petroleum Industry Act, AIOGL formally notified, and requested Optimum’s consent to the Share Acquisition.

Optimum however refuses to acknowledge AIOGL’s subsequent formal notification, and request for consent from Optimum. This is not only acting mal a fide but is also in violation of the same provision that Optimum relies on to demand consent for the Share

Acquisition. This provision specifies that Optimum can only withhold consent for the Share Acquisition if Lekoil 310 fails to demonstrate its financial and technical capacity to fulfill its obligations as the parent company of AIOGL regarding OPL 310.

To address this impasse, AIOGL and Lekoil 310 instituted Suit No. FHC/L/ CS/563/2023 seeking interpretation of the previous judgment in Suit No. FHC/L/CS/482/2018. The suit aims to determine, whether the court’s finding of “inchoate and invalid”, implies that AIOGL’s shares and participating interest in OPL 310 reverts and/or devolves to Optimum or indeed any other person or authority instead of AIOGL. The new suit also seeks a determination of whether the judgment does not imply that AIOGL can make further representations in respect of the application for requisite consent, as against expropriation of its rights and interests in OPL 310. The suit does not

seek to re-litigate the subject matter of Suit No. FHC/L/CS/482/2018 but rather the former validates and derives functional support from the latter.

It is difficult to surmise how the subsequent lawsuit raises the issue of res judicata. Res judicata is a doctrine that rides on the pillars of the triple identity test of sameness of parties, issues and subject matter. It is not a doctrine that arises by sheer collateral relationship between an earlier suit and a subsequent one especially where the subsequent suit is a derivative of the former. When a decision appears unclear, ambiguous or leaves the parties with residual question, it is axiomatic that a party may petition the court for interpretation of the decision.

This process does not amount to an appeal and it is illogical to suggest that the court has become functus officio in respect of the later suit. To the extent that Suit No. FHC/L/CS/563/2023 seeks interpretation of the judgment in Suit No. FHC/L/

CS/482/2018, it does not in any way violate the doctrine of res judicata, not even remotely.

It should also be noted that section 95 (10) of the PIA preserves the right of an interest holder in an OPL even after application to assign the interest thereof to a third party has been refused. This enables the interest holder to make further representations in respect of the application for assignment. Consequently, a denial of consent [by the Minister or by Optimum] to the Share Acquisition, does not mean that AIOGL loses its interest in the OPL, or that any other interest holder in the OPL can lay adverse claims over AIOGL’s Interest in the Asset, based on a perceived reversionary right in the Interest. AIOGL is entitled to preserve its Interest in the OPL by any available legal means.

It is concerning that the author of the publications shunned the opportunity to ascertain the veracity of the statements and imputations contained in the publications.

The author could have reviewed processes filed on behalf of the Plaintiffs in Suit No. FHC/L/CS/563/2023 or could have sought an audience with counsel to AIOGL or Lekoil 310 to, at least, balance the scales prior to going to the press. The publications therefore lack balanced journalism, are partisan, reckless, and are antithetical to the ethos of investigative journalism and balanced reportage. Further, as this matter remains sub judice, mounting an organized media campaign in any way to influence court proceedings remain an ethical violation of the principles of the rule of law and could give rise to contempt of court violations.

In conclusion, the court is public venue where the matter in respect of Suit No. FHC/L/CS/563/2023 will be heard, we therefore implore the discerning public to look beyond the superficial nature of the publication. We also use this opportunity to issue a caveat and caution all those who are dealing or considering dealing with the 22.86% participating interest held by AIOGL that this matter remains in the Federal High Court of Nigeria and all persons even though not party to this suit, are to avoid anything that will amount to assisting a breach of the court’s orders. t )BNJMUPO &TJ JT UIF (FOFSBM .BOBHFS $PSQPSBUF $PNNVOJDBUJPOT -FLPJM /JHFSJB -JNJUFE

NAICOM Inaugurates Committee on IFRS A X A M a n s a rd Launches Motor Insurance Campaigns

Ebere Nwoji

The National Insurance Commission (NAICOM) has inaugurated the Nigerian Actuarial Society Discount Rate Committee (NAS-DRC) to address the insurance industry’s challenges and promote global accounting standards.

The commission said the committee would also ensure the implementation of the international financial reporting standards (IFRS17) and see that it is fast-tracked.

Speaking at the inauguration of the committee, the Commissioner for Insurance, Sunday Thomas,

said the NAS-DRC was established to support the determination of standardised discount rate factors for use by the insurance industry and other stakeholders in the financial services sector.

He said this would help the implementation of the International Financial Reporting Standard (IFRS 17) for underwriting companies in the sector.

The commissioner explained that the objectives of the NAS-DRC would include determining the risk-free yield curve for the insurance industry

and providing commentary on market movements that may impact the risk-free yield curve determination.

“The inauguration of the NAS-DRC is expected to enhance accountability, prudence, and comparability in financial reporting, thereby supporting the stability of the Nigerian financial system,” he said.

Thomas welcomed the NAS-DRC, which comprises representatives from the Nigerian Actuarial Society (NAS), NAICOM, actuarial representatives from audit firms

and resident actuaries of insurance operators involved in the annuity business.

He said NAS would provide the secretariat for the committee, while its president would serve as the chairman, adding that a representative from NAICOM, not below the rank of a director, will serve as the Co-Chairman.

He emphasised the crucial role of actuaries in implementing IFRS 17 and the need for a credible, prudent, consistent, and sustainable discount rate that is not subject to manipulation by different stakeholders.

Nigerian Police Beneficiaries Get N535m Group Life Insurance Claims Leadway Assurance Company Limited, has led a consortium of insurance firms including Sanlam Insurance, Mutual Benefits and LASACO, to disburse the sum of N535 million as Group Life Insurance claims to 68 beneficiary members of the Nigerian Police Force (NPF).

The company presented the claims Cheques in a ceremony at the Force’s Headquarters in Abuja.

The firms explained that the claims payment validates the benefits of procuring insurance

policies for Nigerians, especially those whose noble profession consistently putso them in harm’s way.

Commenting at the ceremony that heralded the distribution of the claims to 68 beneficiary families of the deceased officers and those injured or rendered disabled in the line of duty, the Acting Inspector General of Police, Olukayode Egbetokun, reiterated his belief that human life is valuable and would hence prioritise the wellbeing of all officers and

men of the Force.

Also speaking, the Managing Director, Leadway Assurance, Mr. Tunde Hassan-Odukale said, “We extend our deepest condolences to the families of the departed officers who made the ultimate sacrifice in the service of our nation.

As an organisation, we are fully committed to fulfilling our promise of providing financial security to our policyholders. This prompt claim payout to our heroes further demonstrates the

benefits of insurance and our unwavering dedication to supporting the families left behind.

“This consortium is proud to be at the vanguard of protecting the financial wellbeing of the personnel of the Force and their families. We believe in the importance of honouring our obligations promptly and stand as beacons of trust for the insurance industry as an assured partner in safeguarding the wealth and wellbeing of Nigerians.”

Ebere Nwoji AXA Mansard Insurance, in a deliberate move to deepen insurance penetration in Nigeria has flagged off a motor insurance promotional campaign targeted at rewarding customers who purchased their motor insurance cover from the underwriting firm.

The motor insurance promo, tagged “Double Double Awoof (Awoof Extra and comprehensive motor insurance promo), features different kinds of gift packages including cash rewards, phones airtime rewards and 100 percent fire coverage for customers of the firm.

The company said the target was to drive insurance penetration in Nigeria.

At the media launch of the campaign held at the company’s corporate head office in Victoria Lagos, the Chief Executive Officer AXA Mansard, Kunle Ahmed, said the target of the company in flagging off the campaign was to close the 8.6 million motor insurance gap in Nigeria.

“There are 12 million registered vehicles but only 3.4 million are insured, we hope to close that gap”.

He said the promo would last between launch date till the end of 2023 for new or returning

customers who would buy or renew their Motor insurance premium within the given period.

According to him, for the awoof extra promo, AXA Mansard customers can purchase premium and redeem gifts using a scratch card, debit card, or through any of the company’s advisors.

“For instance, for every N10 million third motor insurance premium purchased, there is a N10 million fire insurance coverage for your homes. Also, customers can choose between property coverage or insuring the building itself”.

He said to access the promo, customers should renew or buy their comprehensive motor insurance policy through the website, company’s advisors or welcome stores nationwide.

Speaking on the low penetration rate of insurance in the country, Chief client officer AXA Mansard, Olajumoke Odunlami said although the promo was aimed at attracting more vehicle owners to adopt insurance, lack of proper awareness and education was the most significant reason for the low insurance adoption. She therefore called on the media to give more support by amplifying the voices of the various insurance companies in Nigeria.

T H I S D AY ˾ WEDNESDAY, JULY 19, 2023

29

BUSINESSWORLD

NEWS

CBN, NMDPRA, Others Glean Insights on How to Win in Turbulent Times

TEXEM, a renowned learning platform for executives and organizations in the UK, recently concluded a highly successful two-day customized executive development programme titled “Winning in Turbulent Times.” The executive development programme occurred on the 12th and 13th of July, 2023, at The Wheatbaker Hotel in Ikoyi, Lagos State, Nigeria. The programme aimed to equip leaders with essential skills and strategies to navigate and succeed in challenging business environments.

Day 1 of the programmea commenced with an Introduction of TEXEM by the Founder and Chair of TEXEM, Dr Alim Abubakre; this was followed by an enlightening session by Prof. Tahir, titled “Challenges, Risk, and Opportunities - The Nigerian Context.”

Prof. Tahir shared insights into the unique challenges leaders face in Nigeria and highlighted the potential risks and opportunities that arise in such contexts.

The session provided a comprehensive understanding of the Nigerian business landscape and set the stage for subsequent discussions.

Prof. Rodria Laline, a distinguished leadership development and governance expert, took the stage to discuss “Critical Skills that Leaders Need to Win.” Prof. Laline outlined the key competencies leaders require to thrive in turbulent times, emphasizing the importance of adaptability, resilience, and effective decision-making. Her session provided valuable guidance to the delegates on enhancing their strategic and leadership abilities.

Dr Alim Abubakre delivered a thought-provoking presentation on “Leading in Volatile Times,” shedding light on the strategies and mindset needed to lead successfully amidst volatility and uncertainty. Dr Abubakre emphasized the importance of agility, innovation, and effective communication in navigating turbulent situations.

In another session led by Prof. Laline, titled “Strategic Leadership in an Age of Disruption,” the delegates learned how to develop strategic thinking and innovative approaches to tackle disruptions in the business environment. Prof. Laline shared real-world examples and encouraged interactive discussions to explore actionable strategies for dealing with disruptions.

A panel session featuring Prof. Laline and Prof.

Tahir, moderated by Dr Abubakre, provided an opportunity for in-depth discussions on various leadership topics. The panellists delved into the nuances of winning strategies and governance dynamics within organizations. Delegates actively participated, contributing their perspectives and experiences, which enriched the dialogue.

To reinforce the concepts learned throughout the day, the programme organizers incorporated an engaging game, a multiple-choice question-based educational assessment. The game assessed the delegates’ understanding of the discussed concepts in a gamified manner. The first day concluded with the game and the presentation of gifts to the winners.

Each session throughout the day also included interactive discussion sessions, where delegates were encouraged to apply the strategies and concepts learned. They shared insights on strategies that worked and those that failed, fostering a rich exchange of knowledge and experiences.

Day 2 began with Prof. Tahir’s session on “Examples of Strategies That Work and Others That Fail in the Public and Private Sectors in Turbulent Times.” Prof. Tahir showcased real-life case studies and drew lessons from successful and failed strategies in navigating challenging environments.

The session provided delegates with valuable insights to inform their future decision-making processes.

Prof. Laline returned with her expertise in “Winning Strategies Irrespective of the Context,” guiding the delegates in developing effective strategies that transcend specific circumstances. She emphasized the significance of understanding and leveraging core business principles to achieve sustainable success.

Continuing her valuable contributions, Prof. Laline also shared insights on “Winning Strategies in a Digital Age,” highlighting the increasing importance of digital transformation and innovation. Her session explored the intersection of technology and strategy, equipping delegates with the necessary knowledge to harness the digital landscape for organizational growth.

In addition to these sessions, Prof. Laline addressed the critical issue of cyber security, discussing its implications for leaders and organizations. The session emphasized the importance of proactive measures and risk mitigation strategies in protecting against

cyber threats.

Similar to the previous day, a panel session chaired

by Dr Abubakre brought together Prof. Laline and Prof.

Tahir, allowing for robust discussions on leadership challenges and strategies. The panellists shared their expertise, responded to delegate questions, and further enriched the learning experience.

Once again, the programme organizers incorporated an engaging game to assess and reinforce the knowledge gained on the second day. The interactive game ensured active participation from the delegates and enhanced their understanding of the concepts discussed.

The programme culminated with a certificate presentation, acknowledging the delegates’ successful completion of the two-day immersive learning experience.

The participants expressed their satisfaction with the programme, highlighting its eye-opening nature, comprehensive coverage of strategy development, and insights into effective governance dynamics within boards.

“Winning in Turbulent Times” provided an invaluable platform for leaders to acquire critical skills, develop winning strategies, and explore governance dynamics in challenging business environments. The programme fostered extensive networking opportunities, allowing delegates to connect with like-minded professionals and unlock shared value.

TESTIMONIALS:

“Winning In Turbulent Times” has been an eye-opener, talking about strategies, how to develop strategies, from strategies that failed, and then identifying those winning strategies. We also went through the governance dynamics of the board and how to make an effective board.” “…looking at TEXEM, I think they are doing a great job. The knowledge, and the faculty, are quite top-notch. The ambience, and the environment, are good for learning. So thank you, TEXEM, and I see that we’re going places and would be able to continue to deploy knowledge that would be quite useful to our environment and to the globe generally.” - Chidinma Justina Obiejesi, Group Head, Human Resources, Megalectrices Limited.

“TEXEM, that is These Executive Minds, whatever they do in the UK was exactly replicated here in Nigeria. And I’m really impressed with the organizers of this training programme, and I wish them the best of luck in future.”- Dauda Ardo Adamu, Head, Human Resources, Nigerian Security Printing & Minting Plc.

STEVE AYUBA,

Chief of Staff to the CEO, Nigerian Midstream and Downstream Petroleum Regulatory Authority Okay, my name is Ayuba Steve. I’m a staff of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. For TEXEM this is my fifth executive capacity building programme with TEXEM. What I’ve consistently seen is the commitment to delivering high value in every area of capacity development that TEXEM has chosen. Between yesterday and today, I have, again, like I’ve always done in other training, in other capacity development programmes of TEXEM, learned exceptionally new context in leadership and strategy development, and like It’s always been. Between yesterday and today, the networking opportunities that I’ve been able to use are very extensive. So thank you to TEXEM. I would say keep up doing what you’re doing because you’re truly creating exceptional value for African organizations and government entities like us.

AWODUN MARIAM MOJISOLA

Head, Human Resources Zenith Pensions Custodian Limited My name is Awodun, Mariam Mojisola. I am the Head of HR of Zenith Pensions Custodian Limited.

The programme I found to be very stimulating and very enlightening. The concepts that I learned, I know, and I believe that it’s going to be very impactful in my work. I am returning to my organization better than I came in. I thank TEXEM for this very exciting training. I got to learn of TEXEM through our directors, that have attended previous training. And what I saw here for the two days has really, really improved me a long way. And I think TEXEM is doing very great in that area. I believe TEXEM is going to compare favourably with institutions like NOTE: Interested readers should continue in the online edition on www.thisdaylive.com

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WEDNESDAY, JULY 19, 2023 ˾ T H I S D AY

BUSINESSWORLD

FINANCE

Testament of Excellent Banking Nume Ekeghe writes on the recent accretion of awards received by First Bank which reflects on the brand’s unwavering drive for excellence and customer satisfaction First Bank of Nigeira has continued to affirm its position as the bank of choice in the country, clinching more than 11 awards from across the globe attesting to the bank’s exceptional commitment to promoting national, regional and global economic growth and development through constructive engagements with the public and private sectors of various economies, and its host communities.

Being woven into the fabrics of the society, the bank’s outstanding services has attracted numerous recognitions and awards most especially on the its delivery of excellent banking services to its customers across Sub-Saharan Africa.

PROMOTING PAN AFRICAN TRADE Most recent in its bouquet of awards is the Financial Institution of the Year Award at the African Export-Import Bank (Afreximbank) inaugural and Pan African Business and Development Awards which it clinched last month at the 30th anniversary of Afreximbank hosted in Ghana.

The award which was in association with the Business Council for Africa, in Accra, Ghana was bestowed on the bank for its excellent performance in the business and financial sector. It was also in recognition of its pan-African spirit through its leading role in promoting trade and investment across the continent, which have been instrumental to strengthening the economic and multilateral business relationship across nations.

Amongst its role in facilitating transactions across borders, in 2021, the bank launched its First Global Transfer (FGT) initiative, specifically designed to ensure safe, timely and improved efficiency in the transfer of funds across the network of FirstBank subsidiaries in Africa.

The FGT is not restricted to FirstBank Group’s Customers alone but it is also open to every individual resident in the country the funds transfer is originating from.

UNIQUE CUSTOMER SERVICE The bank’s unique and satisfactory customer service also earned its medals as it was named Best Private Bank for Sustainable Investing in Africa Award 2023 by Global Finance, in acknowledgement of its exceptional attention to the unique requirements of high net-worth individuals as they seek to increase, protect and pass on their wealth.

It was also named the Best Private Bank Award by World Finance in recognition and commendation of its exceptional dedication to meeting the distinct needs of affluent individuals as they strive to grow, safeguard, and transfer their wealth.

Similarly, at the Global Banking Finance Awards, First Bank had been named Best Corporate Bank Western Africa 2023 for its remarkable achievement in providing exceptional corporate banking services across Western Africa.

At the International Finance Awards it had won the Best Retail Bank - Nigeria 2023 medal in recognition of its unwavering commitment

Field Communication card on a designated ATM.

Ad eduntan to advancing financial inclusion through its extensive branch network, Agency Banking and cutting-edge digital solutions that provide a wide range of retail products First Bank had also earned the Next 100 Global Awards for Retail Bank by Global Banking & Finance, in appreciation of its sterling performance in the Retail Banking sector as well as Next 100 Global Awards for Digital Experience Centre by Global Banking & Finance. The Award was presented to FirstBank for its prominent role in promoting innovation by launching the Digital Experience Centre.

INNOVATIVE DRIVER OF FINANCIAL INCLUSION Having played a critical part in promoting financial inclusion in the country, the banks effort in taking financial services to the remotest part of the country has also not gone unnoticed. It had been awarded the Best Financial Inclusion service provider in Nigeria 2023 by Digital Banker Africa.

The bank through its vast network of

Firstmonie agents have promoted financial inclusion in the country with presence in all 774 local government areas in the country. According to the Digital Banker Africa, FirstBank received recognition for its exceptional achievement in spearheading the market with innovative financial solutions aimed at addressing the needs of underserved communities.

FirstBank had achieved this by employing dependable, secure, and advanced technology that is both robust and cost-effective for its agents and customers. Its innovative spirit had also grabbed global attention as it was crowned the Most Innovative Retail Banking Product – FastTrack ATM – Nigeria 2023 by International Finance Awards.

The Bank had won the Award for demonstrating its commitment to innovative financial solutions by pioneering the FastTrack ATM. The touchless solution enables USSD string or mobile banking app to initiate and later complete transactions by tapping contactless Near

HUMANOID ROBOTS Recently, the bank had launched a Humanoid Robot in it’s state-of-the-art self-service branch at Adetokunbo Ademola VI, Lagos called Digital Experience Center.

Humanoid robots are professional service robots built to mimic human motion and interaction. They provide value by automating tasks in a way that leads to cost-savings and productivity.

The first industry-led robot according to the bank is equipped with Video Banking and Artificial Intelligence (AI), taking on the role of a friendly branch staff and can engage customers in conversations as well as through a touch screen strapped to his chest.

The services performed by the robot include responding to customer enquires on cash deposits, withdrawals and ATM cards, aids complaint management as customers can log a complaint via QR with feedback generated within the advised time, keeps customers up to date with happenings about the bank including products launch and upgrades designed to strengthen the customer experience and satisfaction.

Other accolades that were earned by the bank in the course of this year include the African Bank of the Year by African Leadership Magazine, which was presented with the Award as a testament to its exceptional performance.

It was also named the Best CSR Bank Western Africa 2023 from Global Banking and Finance Awards, for the impactful implementation of its SPARK initiative in fostering and advancing conscious acts of kindness across West Africa.

Speaking on the awards, Chief Executive Officer, FirstBank, Dr. Adesola Adeduntan said, “The recognition reinforces our commitment to promoting trade, finance and investment opportunities across borders which have been instrumental to the continued growth and development of the continent and the world. On behalf of the Board and Management, this award is dedicated to all employees at the FirstBank Group for their diligence and hardwork as well as to our esteemed customers for their loyalty and patronage in over 129 years of existence.

“The multitude of awards earned by First Bank of Nigeria is a testament to its unwavering dedication to excellence in banking.

With a commitment to promoting economic growth, providing exceptional services, and driving innovation, the bank has solidified its position as a leader in the industry. These accolades are a recognition of the hard work and diligence of the bank’s employees, as well as the loyalty and patronage of its valued customers. First Bank remains committed to delivering outstanding banking solutions and contributing to the continued growth and development of the nation and beyond.

Tetracore CEO Emphasises Need for Tech Integration to Unlock Africa’s Gas Potential Oluchi Chibuzor The key to Nigeria’s prosperity lies in its abundant natural gas reserves which are backed up by sustainable industrialisation, the CEO of Tetracore, a Diamond Sponsor at the 2023 NOG Energy Week, Olakunle Williams has said.

Williams who reiterated this in his presentation during the NOG Energy Week, added, “Usually, collaboration among local, regional, and continental investors is the key to achieving this success.”

He emphasized the urgent need for investment to achieve tech integration and advancement in Africa’s gas industry, thereby unlocking energy potential and paving the way for cleaner access and generally cleaner society.

The NOG Energy Week, Subsharan’s biggest energy conference that brougt together policymakers, stakeholders, and

energy leaders around the globe across the entire oil, gas, LNG, renewables, power, and energy spectrum to discuss the industry’s most immediate challenges and ambitions to achieve energy security for the nation while navigating the journey towards a secure, sustainable and just energy transition for Nigeria.

Williams during his presentation on, “Exploring Emerging Opportunities for Future Energy Demand,” analyzed the three significant challenges people face in a bid to get access to affordable and clean energy on the continent, including availability, affordability, and sustainability.

Leveraging on the reality of the African energy security scenario, he stated, “These factors continue to hamper the development of African economies despite the presence of sufficient energy resources on the ground.”

Williams He further showed how Tetracore’s impact on the gas utilization initiative has influenced industrialization and energy access. In his presentation, he brought to the fore the importance of Tetracore in aiding the utilization of gas

as over 2,000 jobs were created by the industries the company supplies gas to, and about 60% of energy costs are saved with a significant reduction in harmful air emissions”.

One of the backing points in this presentation is that, “a huge energy deficit continues to remain in Africa, despite being home to abundant energy resources thereby inhibiting its growth potential in industrialization. 1 out of every 3 people born between now and 2040 would be Africans and as our population grows, the energy demand would increase.

“As Africa’s share in global manufacturing grows from its current 1.9 per cent, industrialization willincrease demand for reliable energy.

Population growth and industrialization policies promoted by several African markets, including Nigeria, will

also drive the energy demand, and a need for additional funding and technology adoption for the African gas sector then becomes very crucial.

“The opportunity presented by this growth for African energy companies to deliver integrated solutions to the continent’s industries and households must be approached diversified energy mix. In countries like Nigeria with over 200 Tcf of proven gas reserves, opportunities abound to leverage recently adopted legislation such as the Petroleum Industry Act and the Electricity Act to grow the natural gas value chain.”

Olakunle added that, “Our abundant and cheap natural gas reserves make gas the forefront energy fuel to support the continent’s sustainable industrialization.

The development of midstream and

downstream gas infrastructure, including LNG terminals, could support the growing energy demand in Africa while meeting the supply gap globally.”

For Africa to make the best of its abundant energy resources, he recommended that key sustainable provisions be put in place, adding that, “These include technology transfers and adoption, especially to decarbonize the gas valuechain with carbon capture and storage, but also investments into research & development to stay ahead of industry trends.

In a concluding speech, the CEO recommended stronger cooperation between local, regional, and continental investors to unlock funding and meet the growing energy needs of the continent and incentives to be put in place to unlock domestic sources of capital, including from institutional investors.

31

WEDNESDAY, JULY 19, 2023 • T H I S D AY

MARKET NEWS A Mutual fund (UnitTrust) 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 InvestmentTrust) 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 17-July-2023, 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 N/A N/A N/A Afrinvest Plutus Fund N/A N/A N/A Nigeria International Debt Fund N/A N/A N/A Afrinvest Dollar Fund N/A N/A N/A 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 100.00 100.00 11.57% AIICO Balanced Fund 4.29 4.36 26.70% ANCHORIA ASSET MANAGEMENT LIMITED info@anchoriaam.com Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Money Market 100.00 100.00 6.26% Anchoria Equity Fund 183.42 185.70 26.54% Anchoria Fixed Income Fund 1.36 1.36 10.34% ARM INVESTMENT MANAGERS LTD enquiries@arminvestmentcenter.com info@anchoriaam.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 27.77 28.61 26.56% ARM Discovery Balanced Fund 614.31 632.83 17.86% ARM Ethical Fund 48.57 50.04 7.66% ARM Eurobond Fund ($) 1.14 1.14 1.64% ARM Fixed Income Fund 1.13 1.13 2.32% ARM Money Market Fund 1.03 1.03 3.22% ARM Short Term Bond Fund 1.01 1.01 -2.21% AVA GLOBAL ASSET MANAGERS LIMITED info@avacapitalgroup.com Web: www.avacapitalgroup.com; Tel 08069294653 Fund Name Bid Price Offer Price Yield / T-Rtn AVA GAM Fixed Income Dollar Fund 99.79 99.79 9.85% AVA GAM Fixed Income Naira Fund 1,131.41 1,131.41 5.60% AXA MANSARD INVESTMENTS LIMITED investmentcare@axamansard.com Web: www.axamansard.com; Tel: +2341-4488482 Fund Name Bid Price Offer Price Yield / T-Rtn AXA Mansard Equity Income Fund 165.08 166.24 22.38% AXA Mansard Money Market Fund 1.00 1.00 9.23% CAPITAL EXPRESS ASSET AND TRUST LIMITED info@capitalexpressassetandtrust.com Web: www.capitalexpressassetandtrust.com; Tel: +234 803 307 5048 Fund Name Bid Price Offer Price Yield / T-Rtn CEAT Fixed Income Fund 2.21 2.21 10.03% Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) 2.71 2.77 81.63% CARDINALSTONE ASSET MANAGEMENT LIMITED mutualfunds@cardinalstone.com Web: www.cardinalstoneassetmanagement.com; Tel: +234 (1) 710 0433 4 Fund Name Bid Price Offer Price Yield / T-Rtn CardinalStone Fixed Income Alpha Fund 1.01 1.01 4.64% CHAPELHILL DENHAM MANAGEMENT LTD investmentmanagement@chapelhilldenham.com Web: www.chapelhilldenham.com, Tel: +234 461 0691 Fund Name Bid Price Offer Price Yield / T-Rtn Chapelhill Denham Money Market Fund 100.00 100.00 11.25% Paramount Equity Fund 25.23 25.71 35.05% Women's Investment Fund 179.45 182.57 22.59% CHD Nigeria Bond Fund 103.92 103.92 12.38% CHD Nigeria Dollar Income Fund 1.02 1.02 11.90% CORDROS ASSET MANAGEMENT LIMITED assetmgtteam@cordros.com Web: www.cordros.com, Tel: 019036947 Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Money Market Fund 100.00 100.00 8.33% Cordros Milestone Fund 152.80 153.91 19.44% Cordros Fixed Income Fund 106.90 106.90 10.40% Cordros Halal Fixed Income Fund 104.14 104.14 5.81% Cordros Dollar Fund ($) 112.19 112.19 7.37% CORONATION ASSETS MANAGEMENT investment@coronationam.com Web:www.coronationam.com, Tel: 012366215 Fund Name Bid Price Offer Price Yield / T-Rtn 1.00 1.00 9.29% Coronation Money Market Fund N/A N/A N/A Coronation Balanced Fund N/A N/A N/A Coronation Fixed Income Fund 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 Class A N/A N/A N/A EDC Nigeria Money Market Fund Class B N/A N/A N/A EDC Nigeria Fixed Income Fund N/A N/A N/A 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 N/A N/A N/A Emerging Africa Bond Fund N/A N/A N/A Emerging Africa Balanced Diversity Fund N/A N/A N/A Emerging Africa Eurobond Fund N/A N/A N/A 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 Bond Fund 1565.27 1565.27 11.76% FBN Balanced Fund 241.16 243.34 20.76% FBN Halal Fund 131.02 131.02 13.01% FBN Money Market Fund 100.00 100.00 10.23% FBN Dollar Fund 124.45 124.45 7.12% FBN Smart Beta Equity Fund 231.82 234.67 39.98% FBN Specialized Dollar Fund 109.82 109.82 9.49% 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 1.00 1.00 7.51% Legacy Debt Fund 3.52 3.52 -1.59% Legacy Equity Fund 2.54 2.60 27.40% Legacy USD Bond Fund 1.30 1.30 3.03% 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 Balanced Fund 5,092.55 5,127.60 38.75% Coral Income Fund 3,866.72 3,866.72 7.68% Coral Money Market Fund 100.00 100.00 10.40% FSDH Dollar Fund 1.17 1.17 5.56%

GUARANTY TRUST FUND MANAGERS LIMITED enquiries@investment-one.com Web: www.gtcoplc.bank; Tel: +234 812 992 1045,+234 1 448 8888 Fund Name Bid Price Offer Price Yield / T-Rtn Abacus Money Market Fund N/A N/A N/A Vantage Balanced Fund N/A N/A N/A Vantage Guaranteed Income Fund N/A N/A N/A Kedari Investment Fund (KIF) N/A N/A N/A Vantage Equity Income Fund (VEIF) - June Year End N/A N/A N/A Vantage Dollar Fund (VDF) - June Year End N/A N/A N/A 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 Investment Fund 1.76 1.79 10.36% Lotus Halal Fixed Income Fund 1,178.68 1,178.68 5.50% 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 15.54 15.63 34.35% Meristem Money Market Fund 10.00 10.00 11.54% 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 Islamic Fund (NIF) 102.04 102.04 10.12% Norrenberger Money Market Fund (NMMF) 100.00 100.00 10.68% Norrenberger Dollar Fund (NDF) ($) 101.71 101.71 10.75% 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 1.96 2.01 24.79% PACAM Fixed Income Fund 11.68 12.02 5.86% PACAM Money Market Fund 10.00 10.00 9.78% PACAM Equity Fund 1.90 1.93 33.78% PACAM EuroBond Fund 127.19 130.94 14.49% 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 SCM Capital The Frontier Fund 149.76 153.83 19.13% 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 1.05 1.05 11.04% 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 Balanced Fund N/A N/A N/A Stanbic IBTC Bond Fund N/A N/A N/A Stanbic IBTC Ethical Fund N/A N/A N/A Stanbic IBTC Guaranteed Investment Fund N/A N/A N/A Stanbic IBTC Iman Fund N/A N/A N/A Stanbic IBTC Money Market Fund N/A N/A N/A Stanbic IBTC Nigerian Equity Fund N/A N/A N/A Stanbic IBTC Dollar Fund (USD) N/A N/A N/A Stanbic IBTC Shariah Fixed Income Fund N/A N/A N/A Stanbic IBTC Enhanced Short-Term Fixed Income Fund N/A N/A N/A Stanbic IBTC Absolute Fund N/A N/A N/A Stanbic IBTC Aggressive Fund N/A N/A N/A Stanbic IBTC Conservative Fund N/A N/A N/A UNITED CAPITAL ASSET MANAGEMENT LTD unitedcapitalplcgroup.com Web: www.unitedcapitalplcgroup.com; Tel: +234 01-6317876 Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Equity Fund 1.21 1.22 32.86% United Capital Balanced Fund 1.69 1.70 30.70% United Capital Wealth for Women Fund 1.31 1.32 22.89% United Capital Sukuk Fund 1.13 1.13 12.52% United Capital Fixed Income Fund 1.89 1.89 7.08% United Capital Eurobond Fund 121.32 121.32 5.81% United Capital Global Fixed Income Fund 1.05 1.05 8.77% United Capital Money Market Fund 1.00 1.00 9.17% Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Balanced Strategy Fund N/A N/A N/A Zenith ESG Impact Fund N/A N/A N/A Zenith Income Fund N/A N/A N/A Zenith Money Market Fund N/A N/A N/A VETIVA FUND MANAGERS LTD funds@vetiva.com Web: www.vetiva.com; Tel: +234 1 453 0697 Fund Name Bid Price Offer Price Yield / T-Rtn Vetiva Banking Exchange Traded Fund 6.48 6.58 60.87% Vetiva Consumer Goods Exchange Traded Fund 8.62 8.72 47.06% Vetiva Griffin 30 Exchange Traded Fund 23.16 23.36 30.82% Vetiva Money Market Fund 1.00 1.00 9.48% Vetiva Industrial Goods Exchange Traded Fund 27.47 27.67 37.29% Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund 144.58 146.58 -8.31%

REITS NAV Per Share

Yield / T-Rtn

119.40 54.58 101.72 10.09

4.92% 2.94% -11.65%

Bid Price

Offer Price

Yield / T-Rtn

20.44 88.00 260.98 17.40 16.40

20.54 88.00 260.98 17.50 16.50

32.02% -31.63% 158.78% 35.36% 52.02%

NAV Per Share

Yield / T-Rtn

107.58

0.00%

Fund Name

SFS REIT Union Homes REIT Nigeria Real Estate Investment Trust UPDC REIT

EXCHANGE TRADED FUNDS Fund Name Lotus Halal Equity Exchange Traded Fund SIAML Pension ETF 40 Stanbic IBTC ETF 30 Fund MERGROWTH ETF MERVALUE ETF

I N F R AST R U CT U R E F U N D Fund Name Chapel Hill Denham Nigeria Infrastructure Debt Fund

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.

32

WEDNESDAY JULY 19, 2023 •T H I S D AY

WEDNESDAY JULY 19, 2023 • T H I S D AY

33

34

T H I S D AY WEDNESDAY, JULY 19, 2023

BUSINESS/MONEYGUIDE

MAN Laments Displacement of Local Manufacturers in Execution of National Mass Metering Programme Dike Onwuamaeze The Manufacturers Association of Nigeria (MAN) has expressed deep concern over the exclusion of Nigerian manufacturers in the supply and installation of 1.250 million smart energy meters to 11 electricity distribution companies in the implementation of National Mass Metering Programme (NMMP) Phase II. The NMMP Phase II, according to MAN, is being funded by the World Bank in BID:DREP-PPI, CREDIT NO: 9206-NG, PROJECT ID NO: P172891.

The Director General of MAN, Mr. Segun Ajayi-Kadir, expressed this concern in a press statement he issued last week in which he observed

that local manufacturers and assemblers of meter had been displaced.

Ajayi-Kadir said: “We are deeply concerned over the impending displacement of local meter manufacturers and assemblers in the downstream of the power sector in the process of government’s implementation of the NMMP Phase II World Bank funded supply of 1.250 million smart energy meters.”

He also asserted that “the advertised financial requirements and the technical specifications by the Transmission Company of Nigeria (TCN) appears to be skewed against local manufacturers as they are outrageously stringent and negate the CBN guidelines

for the implementation of National Mass Metering Programme (NMMP).

“This is a federal government intervention in power sector to accelerate energy meter supply in the country to bridge the metering gap and ought to be in sync with our overall national economic development objectives.

“We warn that this portends grave danger for the power sector as we may be witnessing a repeat of the ugly scenario in 2012 when local manufacturers where sidelined in the meter supply and the nation was greeted with supply of substandard meters supplied by the foreign companies that were awarded the contract that were later removed from the network.”

INTELS Donates Fully Equipped Fashion Design Shop to Rivers Indigene INTELS Nigeria Limited has donated a fully furnished and equipped fashion and tailoring shop to Esther Wehere, an indigene of Rivers State.

Wehere emerged as the Best Graduating Student, 2022 Batch ‘B’ of INTELS’ Women Empowerment Project Scheme Synergy (WEPSS).

The Managing Director of INTELS Nigeria Limited, Mr. Pasquale Fiore, while presenting the keys to the fully equipped and furnished facility recently, said the donation to Wehere is in line with the company’s commitment of empowering women in the host communities and beyond.

He said when women are empowered economically, their families and the entire society benefits.

Mr. Fiore said in the past ten years, INTELS has trained about 1,800 women in tailoring and fashion design under its acclaimed Women Empowerment Project Scheme Synergy (WEPSS) as part of its corporate social responsibility.

He said the company invested substantially in setting up the WEPSS Training Centre at the Federal Lighter Terminal (FLT), Onne Port, Rivers State, where the women are trained in tailoring and fashion design in two batches every year.

The vision for establishing WEPSS, according to him, is to train and empower 5,000 community women over a 20-year period.

The INTELS Managing Director said the fashion industry in Nigeria plays an

important cultural role and contributes significantly to the country’s economy.

A delighted Esther Wehere, who was accompanied by her family members and community leaders to receive the keys to her new shop, expressed appreciation to INTELS for training her and for donating the fully equipped facility to her.

Wehere said since completing her training at the INTELS’ WEPSS centre, she has set up a fashion design firm named Esty’s Fashion and created a cloth line known as Red Closet.

She assured the management of INTELS of judicious use of the facility located in Rumuokwurusi, Obio-Akpor Local Government Area of Rivers State.

NASENI Invites Producers of Lithium Batteries to Manufacture in Nigeria The National Agency for Science and Engineering Infrastructure (NASENI) is seeking investors that would collaborate with the agency in local production and domestication of Lithium batteries among other renewable energy solutions.

The Executive Vice Chairman/CEO of NASENI, Dr, Bashir Gwandu who disclosed this while receiving a business delegation from LEMI Technology Shenzhen, China at NASENI headquarters in Abuja said, “NASENI is already doing a lot in the area of Solar Panel Production.”

He said the agency was ready to partner with international companies that are willing to set up their industries in Nigeria and start local production of renewable energy solutions, electric vehicles parts and other capital goods that could create jobs and reduce Nigeria dependence on foreign goods that exert pressure on our foreign exchange for the country.

He said the Agency has held meetings with other companies from around the world with a view to seeking partnership on local production of lithium-based end-products in Nigeria as

against the normal practice of foreign companies exporting the raw materials outside the country for processing.

The founder of LEMI Technology, Ms. Joyce Chen in her speech said the company is ready to partner with NASENI and invest in the country, promising that they look forward to a rewarding relationship with NASENI and the Nigerian government. Other members of the delegation include the Chief Investment Officer, Mr. Rocky Hu; Chief Financial Officer, Ms. Biju Yao; Oversea Business Director, Ms. Monica Liang and Engineer Mr. Lucia Peng.

UBA Empowers Staff, Launches CX School of Excellence Africa’s Global Bank, United Bank for Africa (UBA) Plc, has launched the Customer Experience (CX) School of Excellence, a first-of-its-kind initiative aimed at empowering its workforce to deliver topnotch services to its customers.

The comprehensive program is expected to equip the bank’s employees with the necessary skills and knowledge to provide superior customer experiences across all business segments.

UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, explained that

the program which is in line with the bank’s philosophy of the ideals of ‘Enterprise, Execution and Excellence’, will involve training staff on the latest advancements in customer experience knowledge, while enabling them to provide personalised, innovative, and seamless banking experiences.

He said, “At UBA, the core of our Group strategy is our ‘Customer 1st’ Philosophy, which is our promise to always put our customers first, and as we intensify our focus on delivering our C1st agenda, I

am delighted to announce the launch of the UBA CX School of Excellence, the first of its kind in the industry.

“This program has been developed to ensure all UBA staff are equipped with the required skills and knowledge to deliver exceptional service to our customers. It reflects globally recognised CX knowledge relevant to serving today’s customers, their evolving needs and expectations and will strategically position UBA as the bank of choice across all our business segments.”

L-R: Managing Director of INTELS Nigeria Limited, Mr. Pasquale Fiore; Best Graduating Student, 2022 Batch B of INTELS’ Women Empowerment Project Scheme Synergy (WEPSS), Esther Wehere and the Project Manager of WEPSS, Nancy Freeborn, during the presentation of the keys to a fully equipped fashion design and tailoring shop donated to Wehere by INTELS a the Federal Lighter Terminal, Onne Port, Rivers State... recently

MARKET INDICATORS MONEY AND CREDIT STATISTICS (MILLION NAIRA) MARCH 2023 Money Supply (M3)

54,634,063.50

-- CBN Bills Held by Money Holding Sectors

442,402.18

Money Supply (M2)

54,191,661.32

-- Quasi Money

32,839,133.46

-- Narrow Money (M1)

21,352,527.87

---- Currency Outside Banks

1,445,439.42

---- Demand Deposits

119,907,088.45

Net Foreign Assets (NFA)

5,992,904.55

Net Domestic Assets(NDA)

48,641,158.95

-- Net Domestic Credit (NDC)

70,596,115.20

---- Credit to Government (Net)

27,529,720.19

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

0.00

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

0.00

---- Credit to Private Sector (CPS)

43,066,395.01

--Other Assets Net

11,123,812.79

Reserve Money (Base Money

15,975,739.59

--Currency in Circulation

1,683,498.35

--Banks Reserves --Special Intervention Reserves

14,292,241.24 419,889.49

˾ ÙßÜÍÏ ̋

Money Market Indicators (in Percentage) Month

April 2023

Inter-Bank Call Rate

15.80

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

18.00

Treasury Bill Rate

5.73

Savings Deposit Rate

4.59

1 Month Deposit Rate

7.32

3 Months Deposit Rate

7.92

6 Months Deposit Rate

9.84

12 Months Deposit Rate

8.18

Prime Lending rate

14.05

Maximum Lending Rate

28.59

˾ ÙØÏÞËÜã ÙÖÓÍã ËÞÏ ̋ ͯͱϱ

OPEC DAILY BASKET PRICE AS AT 17 JULY, 2023

The price of OPEC basket of thirteen crudes stood at $82.06 a barrel on Friday, compared with $81.53 the previous day, according to OPEC Secretariat calculations.

The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), 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).

T H I S D AY ˾ AY, JULY 19, 2023

35

MARKET NEWS

Stock Market Up N449bn on Interest in Dangote Cement, Others Kayode Tokede The Nigerian Exchange Limited (NGX) stock market yesterday extended gains for the second consecutive session by N449 billion, driven by investors’ renewed interest in Dangote Cement Plc and 49 others.

The stock price of Dangote Cement gained 6.67 per cent to close yesterday at N352 per share from Nere330 per share

it opened for trading, bringing the NGX All-Share Index (ASI) gained to 823.37 basis points or 1.31 per cent to close at 63,766.72 basis points.

Consequently, the market capitalisation rose by N449 billion to close at N 34.722 trillion. As measured by market breadth, market sentiment was positive, as 50 stocks gained relative to 20 losers. Honeywell Flour Mills, NEM Insurance and

P R I C E S MAIN BOARD

F O R

DEALS

NPF Microfinance Bank emerged the highest price gainer of 10 per cent each to close at N3.30, N5.94 and N1.87 respectively, per share.

Eterna followed with a gain of 9.92 per cent to close at N26.05, while PZ Cussons Nigeria advanced by 9.88 per cent to close at N17.80, per share.

On the other side, Japaul Gold & Ventures led others on the losers’ chart with 10.00

S E C U R I T I E S

MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N )

per cent to close at 81 kobo, per share. FTN Cocoa processors followed with a decline of 9.84 per cent to close at N2.29, while Courteville Business Solutions shed 8.64 per cent to close at 74 kobo, per share.

Sovereign Trust Insurance lost 8.16 per cent to close at 45 kobo, while Secure Electronic Technology depreciated by 8.11 per cent to close at 34 kobo, per share.

T R A D E D MAIN BOARD

The total volume of trades increased by 22.36 per cent to 868.803 million units, valued at N42.807 billion, and exchanged in 8,970 deals. Transactions in the shares of FCMB Group led the activity with 153.879 million shares worth N956.074 million.

Japaul Gold and Ventures followed with account of 110.534 million shares valued at N90.948 million, while Dangote Cement traded 104.883 million shares

A S O F

valued at N35.815 billion.

Access Holdings traded 49.544 million shares worth N849.240 million, while Fidelity Bank traded 41.906 million shares worth N312.593 million.

According to analysts at InvestmentOne Research, “The Nigerian bourse recorded an uptick in performance today driven by the northward movement observed across major sectors.

J U LY / 1 8 / 2 3 DEALS

MARKET PRICE

QUANTITY TRADED

VALUE TRADED ( N)

36

T H I S D AY ˾ DAY JULY 19, 2023

EDUCATION Kola-Olusanya: Reviewing Students’ Loan Will Prevent Youth Stacking up Debts Prof. Anthony Kola-Olusanya is the Deputy Vice-Chancellor (Academic Research Innovations and Partnerships) at the Osun State University, Osogbo. In this interview with Funmi Ogundare, the professor of Environment and Sustainability explained why the government has to take another look at the students’ loan recently introduced by President Bola Tinubu’s government and explore the countries where such loans are successfully used for education so that it doesn’t stifle the life out of students who apply for it, among other issues. Excerpts:

A

s a professor of environment and sustainability, what do you think about climate change and global warming?

Global warming is the driver of climate change. This is an occurrence of natural incident in the atmosphere. We have natural occurring carbon dioxide which is needed at certain percentage for the planet, so when the sun comes and strike the planet, in other to keep the planet habitable, it traps some of the heat. That heat is trapped down by some of the naturally occurring carbon dioxide in the atmosphere. That is normal, then the plants take in carbon dioxide and human takes in oxygen and gives out carbon dioxide.

At equilibrium, everything is okay. Subsequent on industrial revolution, with humans actions, things began to change until it got out of hand and you now have more than the naturally occurring carbon dioxide in the atmosphere. So the level has thickened and it’s keeping more heat within.

Anthropogenic causes such as industrialisation, fossil fuel usage and deforestation, now promote global warming and thus lead to climate change.

Climate change also happens naturally, that is the dilemma of it. It can happen naturally and won’t affect anything.

What can be done to control the effect of human activities?

There is a global positioning now that we should keep the carbon dioxide at 1.5 degrees centigrade that should not go beyond 2.0 degrees centigrade to keep us at 1900 realm so that the planet will still continue to exist as we are. Anything above that will wipe us out. How do we do that? There have been several efforts being put in place. One is the global pact, the Paris Club agreement signed by all the countries in the world, but enforcing it is an issue. In Nigeria, there has been that confusion here because we are a developing economy, but this is not peculiar to this country alone. Developing economies are expected to retool their industries for alternative energy. However, this will cost a lot of money.

For us to really get on that, every country, like Nigeria, will have to work within that realm and limit the amount of emission released into the atmosphere. That is one major one. You also have to embark on re-afforestation, which is a big deal because if there is more forest, it will soak in the excess carbon dioxide. However, you are also dealing with the population. Some groups will argue that we should reduce the population. It is not a straightjacket thing. But those measures that can help us to really control are within the Sustainable Development Goal (SDG). When people are educated, they know what to do and control their activities. So these days, the economy is working with the environment in mind, and that way, you are able to limit the amount of emission into the atmosphere. For instance, if industry A is emitting effluent at a certain amount, you are to retrofit the emission point such that it can be filtered and what is going out will not be as dangerous. Secondly, you also have cars. The West is moving away from fossil fuel-driven cars, but we are still using that, which is still a problem. Those are measures.

We can only piggyback on what the Western

Prof Anthony Kola-Olusanya, Deputy Vice Chancellor Academic Research Innovations and Partnerships, Osun State University world is doing, take a cue from them and move on. Nigeria has signed a lot of conventions, the biggest is the Paris pact, but it takes a lot of political will to do the needful.

What new study is currently being carried out by your university in this area?

During the tenure of the last vicechancellor, part of what we did, was to reforest the campus. When the campus was built, a lot of natural forest was pulled down. Of course, that would have an effect on the environment. We then came up with the idea that every student must plant trees. So once you are matriculating, you plant a tree, and then you nurture the tree throughout your stay in the university. The essence is that even after graduation, you can always come and look at it. So far, I think we have planted over 15,000 seedlings by now because it’s ongoing yearly.

Your institution’s Global Affairs and Sustainable Development Institute recently organised a sustainable development dialogue. How is this supposed to impact the school and the nation?

What we do in the university is to generate ideas through research, community service and teaching. The SDG dialogue is another way to explore the

indigenous angle, which is our culture, value and what we represent, and how we relate with nature knowing fully well that indigenous people are in a close relationship with the environment.

That is what the dialogue is advancing; to take us to how we can marry Western development with indigenous development and seek a way forward.

What steps is Osun State University taking to attract grants and ensure that effective research is carried out?

When the new vice-chancellor came in, he came with research-driven scholars to ensure the university wins grants. These have been happening on a daily basis. In the last two or three years, the university has been winning grants, including TETFund and the world global grant.

What has been the impact on the lecturers?

The impact is that they are able to put their ideas to the world in the form of research and coming up with decisions and conclusions that can be derived from results which will also improve their classroom teaching abilities.

The Tinubu dispensation recently introduced the students’ loan. How will this help students in tertiary institutions and unburden parents?

Students’ loan is a little bit alien to our society.

The idea of training children through schools is not alien to parents. There is a difference between taking a loan to study and getting a job at the end of the day. The expectation is that once you finish your studies, you get a job, but today

things have changed. It means that you will have to do extra for you to get a job. Now the question is that even in societies where they take loans to study, does that work for them? Did they get a job immediately? Yes, to an extent, but the idea of university education is not just to get jobs. It is for you to become somebody who can be creative and think independently.

That is the idea. However, the problem I find with the loan is the structure itself. I have read the Act and other contributions about it. The problem with it is how effective it will be and the conditionality attached to it. It will be very tough. I am not unmindful of the fact that the loan document was hurriedly put together late last year, perhaps when ASUU’s negotiation with the leadership of the House of Representatives was ongoing. Loans are not structured like that.

You don’t put a condition to a loan like I must pay. For a federal government loan, you don’t need a guarantor. The federal government in a country is a guarantor of the loan. For instance, if you are taking a loan and have your NIN tied to it, there is a moratorium period of two years. Even the two years that are fixed are not a final date. There will be variation, or there should be, in the Act. What if somebody does not get a job within two years? You have to give a waiver to such a person, and conditions should be stated clearly so that if, in five years, you still don’t get a job, the government has to start thinking about how to deal with the loan.

You can’t say if the person is unable to pay back, then he will go to jail. No. That is not how to do a loan document. You have your NIN, and you took a loan, which means you are carrying a debt forever. Even if you run anywhere in the world, you would be a debtor. Even if you must travel, the country has to know where you are and going to be and work, such that you will always be able to pay back. The loan is not meant to stifle life out of you. You don’t have to pay immediately. It is the workability of the loan as it is presently drawn, there are a lot of problems with it. Then you can’t have a federal government loan alone. It’s impossible. The government might lose money over-centralisation.

The state should also have a contribution to it. There is a state and federal portion to the loan so that at the end of the day, by the time the student is finishing, a certain percentage of the two loans is written off automatically.

So the chunk that remains is what the student will pay. What Nigeria should have done is explore countries where the loans are used for education and work. The kind of loan that we have now for education is like a commercial bank loan that requires guarantors. The idea that there is going to be an education bank, where is that coming from? The loan board will just be an administrative structure. TETFund is giving money to universities but doesn’t have a bank. It is keeping money on behalf of the government and distributing it on behalf of the universities. That is the job of the loans board, to distribute it. There is a way TETFund monitors the project.

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

Insecurity: FG Moves to Protect Bauchi Schools from Threats Segun Awofadeji ÓØ ËßÍÒÓ

To secure students and provide a serene teaching and learning environment, the federal government, through the ministries of finance and defence, has taken a measure to protect selected schools in Bauchi State from any security threat.

The permanent secretary of the Bauchi Ministry of Education, Dr Sule Madara, announced this during a news conference in his office at the

weekend.

Madara, the acting education commissioner, also explained that a team from the two ministries had already visited Governor Bala Mohammed and intimated that Bauchi was selected as one of the pilot states to benefit from the intervention.

According to him, in line with the intervention tagged ‘Financing Safe

Schools Initiative’, the team requested the state government to provide it 48 schools prone to security threats across Bauchi.

He added that the intervention is through a fund dedicated to providing security to schools in vulnerable areas by the federal government in helping the state combat these security issues in schools in prone areas.

Madara noted that visiting Governor Bala Mohammed was to introduce the delegation

from the federal ministries of finance, defence and other security agencies “to come to Bauchi and assess the security situations of securityprone schools.”

Madara added, “They came and intimated the government about the fund that is made available to address the security challenges of schools that are prone to security issues in the country, and they have chosen Bauchi state as one of the pilot states.”

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T H I S D AY ˾ DAY JULY 19, 2023

EDUCATION

OOU Don Tasks IGCSE Excellence: Greensprings Students Authorities, Parents Win Award Sixth Consecutive Years on Girl-child Training, Uchechukwu Nnaike Perspective, Literature, French, Feyisara Ojugo, said, “We the Top in Country award Drama etc., and one of them, are immensely proud of the in five subjects won by our Development In what can be described Honour Olatunji won the Top in exceptional accomplishments students altogether. We extend as a consistent outstanding the World award in Mathematics of our students in the 2022 our warmest congratulations James Sowole in Abeokuta

A professor of New Testament and Christian Theology in the Department of Religious Studies, Olabisi Onabanjo University (OOU), Ago Iwoye, Ogun State, Olatundun Oderinde, has tasked authorities and parents to train girl-child, as a human being, who is capable of performing any task.

After delivering the 110th Inaugural Lecture of OOU, held at the Otunba Gbenga Daniel Multipurpose Hall on the school campus, the professor threw the challenge as part of her recommendations.

The lecture titled ‘Woo-Man, Woe-Man, Woman? Redefining The Nomenclature in God’s Perspective’, was attended by the academic community, traditional rulers from Yewaland led by the Olu of Ilaro and paramount ruler of Yewaland, Oba Olukehinde Olugbenle, religious leaders and principal officers of the institution.

According to the don, who

delved into various forms of discrimination against young girls and women, training the girls becomes necessary to change the old narratives about women and give proper orientation about the true identity and personhood of women in the present and coming generations.

Oderinde, the OOU deputy vice-chancellor (academics), said the socialisation process for girlchild must be all-encompassing.

She said, “The socialisation process in content and process must be such that inspire the girl-child must be a responsible, pro-active, strong, formidable, fearless, resilient social being. We must inculcate into the personality of the girl-child skills and values that enable her to adjust and play different social roles, take responsibility for her life, learn disciplined behaviour and habits that promote a humane society and not conceive herself as an appendage of men- one who must seek the pleasure and blessings of men in order to succeed in life.”

achievement, four 2022 graduates of Greensprings School, Emmanuela Ilok, Oreoluwa Moradeyo, Uwadiae Guobadia and Kosisochukwu Okoye, have been distinguished for winning the Top in Country award in five subjects in the recently released 2022 International General Certificate of Secondary Education (IGCSE) results.

The students’ achievement makes it the sixth consecutive time since 2016 that Greensprings Students will be awarded as Top in Country in various subjects.

Over the last six years, Greensprings students have received the country’s top award in subjects like Mathematics, English, Physics, Biology, Global

in 2016.

For the recently released 2022 Outstanding Cambridge Learner Awards, the students were awarded Top in Country in Physics and First Language English, won by Emmanuela Ilok; information and communication technology, won by Oreoluwa Moradeyo; Biology, won by Uwadiae Guobadia; Literature in English, won by Kosisochukwu Okoye and Emmanuela Ilok. In addition to being the country’s best in these subjects, one of the awardees, Ilok, won the Overall Best Across Eight Subjects in Nigeria award.

Commending the students’ achievements, the school’s acting Deputy Director of Education,

IGCSE results. Their achievements are a reflection of their commitment, resilience, and hard work. The commendable feat also reinforces our school’s commitment to academic excellence and the dedication of our skilled educators who have supported them throughout their academic journey.”

She said over the past six years, 25 Greensprings students have won the Top in Country award in various subjects, and one of them won the Top in the World award in Mathematics.

“This year’s achievement is special because one of the students won the Overall Best Across Eight Subjects in Nigeria award. This is in addition to

to our exceptional students on their outstanding achievements and express our deepest gratitude to everyone who has contributed to their success,” she noted. “These remarkable young individuals truly embody the spirit of excellence, and we have no doubt that they will continue to shine brightly in all their future endeavours.”

The Cambridge IGCSE exam is an international exam taken by students aged 14 to 16. The exam is administered at the final secondary school year of various international schools in Nigeria, with the British Council and Cambridge Assessment International Education being the administrators.

RECTEM Matriculates 326 Students Mary Nnah The Redeemer’s College of Technology and Management (RECTEM) has formally admitted 326 students into various programmes approved by the National Board for Technical Education (NBTE) and Joint Admissions and Matriculation Board (JAMB).

The Rector, Dr (Mrs) Stella Mofunanya, revealed this during the fifth matriculation ceremony of the institute at Redemption City of God, Mowe, Ogun State, recently.

She said the event was important to the school as it marked the official enrollment of the matriculating students into the college academic programme and was in line with the criteria of the NBTE. While congratulating the new students, she reminded them that RECTEM is an institution where the fear of God reigns supreme, adding, “We are indeed committed to high moral and academic standards in line with our motto: ‘Raising Champ ions’.”

Mofunanya implored the

new students to obey the rules and regulations put in place for optimal development.

She stressed that the mission of RECTEM is “to be a trailblazer in raising champions, who will be first-class professionals in the field of science, technology and management for middle-level technological needs of the nation.”

The rector noted further that “one of the main objectives of the matriculation exercise was to formally accept the new students into the college, adding that “as fresh students, once you are matriculated, it is expected that you will abide by all the rules, regulations and culture of this institution and participate in all activities of the college.”

She, therefore, encouraged the students to take full advantage of their studentship in the institution and propel themselves into greatness through humility, hard work, and dedication to the services of God. She told the students that at RECTEM, attendance at lectures, college chapel programmes, and other special events was a priority.

UNN Appoints Prof.

Nwachukwu as DVC UNEC A professor of Human Physiology at the University of Nigeria, Nsukka (UNN), Daniel Nwachukwu, is now the new deputy vice chancellor of the University of Nigeria, Enugu Campus (UNEC).

A statement from the institution said Nwachukwu emerged victorious in a keenly organised election supervised by a team of university officials following the expiration of the tenure of his predecessor, Prof.

Edith Nwosu, who served for two tenures.

Nwachukwu, who hails from Okposi-Okwu in Ebonyi, attended the Government Secondary School in the town and later concluded at the Federal School of Arts and Science, Suleja, Niger State, in 1988.

And with the ambition to achieve greatness in academics, young Daniel proceeded to the University of Lagos for his first degree in Human Physiology in 1995 and later moved to the University of Benin for his master’s degree in 1997 and PhD in 2012.

L-R: Emmanuela Ilok, Oreoluwa Moradeyo, Uwadiae Guobadia and Kosisochukwu Okoye, students of Greensprings School who secured Top in Country award in various subjects in the recently released 2022 International General Certificate of Secondary Education results

Atlantic Hall Graduates 79 Funmi Ogundare

It was celebration all the way recently as Atlantic Hall School, Poka, Epe, graduated 79 students.

The programme, held at the school hall, witnessed the presentation of various awards to prefects and other graduating students who stood out in academics, music, drama and sports, as well as pastoral care and best behaved.

Speaking at the 31st valedictory service and graduation ceremony, the principal, Dr Terry Howard, encouraged the graduands to hold tight to the personal and religious values that have become a part

of them.

He advised them to work hard to achieve their goals, stand up for what they believed in, and be cautious of those who might suggest that they change to become someone they are not.

“Continue everything that you take on with the same level of dedication you have shown during your years at Atlantic Hall,” stated Howard. “Continue to work hard to achieve your goals. Continue to make your parents proud. Continue to learn and grow. Continue to enjoy the good things that come to you.”

Howard admonished them to learn to ask for and accept help,

stressing that “all of you are fortunate to have other people whom you can lean on to help you through. No one has to face the challenges alone.”

In her remarks, the valedictorian, Miss Mofetoluwa Kuponiyi, who had a Cumulative Grade Point Average (CGPA) of 4 out of 4, active in music, sports and the school’s media and public speaking club, expressed delight about her success.

She stated that the provision of textbooks and other learning materials was helpful in students’ excelling in their studies.

She attributed her success to the time she spent sourcing resources on the internet and reading on her own.

Speaking with journalists, the valedictorian stressed the need for teachers to be well-trained “because sometimes you meet them for help, they can’t help you with your assignments and the topics you don’t understand and can’t explain it the way you want it.”

Kuponiyi, who will be attending a university in Canada to study Chemical Engineering, advised students to have resilience and aim for success.

“You need to have faith in yourself and remind yourself that you can do it. Don’t mix with people that will tell that you can’t make it, but those that will encourage you,” said Kuponiyi.

Avail International Consult Bags Oxford Education Group Award Funmi Ogundare

Avail International Consult Limited (AICL) recently received the award for the ‘Best Performing Agent’ in Nigeria from the Oxford International Education Group (OIEG), aimed at recognising and appreciating their exceptional contributions to the organisation.

Speaking at a gala night in Lagos, the Chief Executive Officer, AICL, Mrs Bola Agunbiade, thanked OIEG for

the support and opportunities the university partners had provided.

She acknowledged the remarkable role, culture, and values deeply ingrained within OIEG. Agunbiade said, “You will recall that very recently, we received a similar award from NAVITAS and QA Higher Education. The unwavering commitment to fostering a growth-oriented environment has been instrumental in shaping our journey towards

excellence. The culture of collaboration, innovation, and continuous learning has allowed us to thrive and achieve remarkable results.”

The CEO added that the opportunities and resources provided to her organisation have been invaluable in honing their skills, expansion of knowledge, and realising their full potential.

Agunbiade also commended members of staff and mentors for their unwavering support

and guidance within the consulting firm.

“Their expertise, mentorship, and encouragement have played a pivotal role in our professional growth and success. The spirit of collaboration and teamwork that permeates our organisation has allowed us to learn from the best and continuously improve,” stated Agunbiade.

Agunbiade also acknowledged the recognition and rewards that accompanied the firm’s achievements.

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WEDNESDAY JULY 19, 2023 •T H I S D AY

39

T H I S D AY ˾ WEDNESDAY, JULY 19, 2023

FOREIGN DESK

COMPILED BY BAYO AKINLOYE

Panama’s Ex-President Martinelli Sentenced to Over 10 Years in Prison A Panamanian court sentenced former President Ricardo Martinelli to more than 10 years in prison for money laundering, the attorney general’s office said on Tuesday, threatening the front-runner’s bid for a new term next year.

The case, known as “New Business,” was opened in 2017 when authorities became aware of possible financial crimes linked to the purchase of a news outlet, the statement said.

The former president’s defence will appeal the sentence and exhaust all the legal options available, Martinelli’s lawyer Carlos Carrillo said in a news conference.

“Ricardo Martinelli Berrocal’s candidacy is solid,” Carrillo said, noting he is still eligible to run for the presidency since there is time to challenge the sentence.

A survey published in May by polling firm Campaigns & Elections Mexico put Martinelli as the front-runner, followed by former President Martin Torrijos.

The court imposed a $19.2 million fine on Martinelli, judicial authorities said in a statement.

Martinelli became the first official candidate for Panama’s 2024 presidential election last month after he was elected by the party Realizando Metas, a group he founded two years ago.

Cameroon Military, Separatists Dispute Civilian Killings

Cameroon’s military says it has arrested scores of rebels suspected in the shooting deaths of 10 civilians Sunday in the northwest town of Bamenda. The military says separatists disguised themselves as government troops to try to frame them for the killings, which a rebel spokesperson denies.

Bamenda city mayor Achombong Paul, who visited Bamenda Regional Hospital on Tuesday morning, said city residents are living in fear after Sunday’s brutal killings.

Hospital director Nsame Denis said at least 600 people have visited the hospital since Sunday’s killings to find out if their family or friends are among the victims.

Cameroon’s military, in a July 17 statement, said about 12 heavily armed fighters dressed in military gear similar to that of the central African state’s military shot indiscriminately at civilians at Nacho Junction in Bamenda.

The military said scores of suspects had been arrested in a crackdown operation less than 48 hours after the killings.

Deben Tchoffo, governor of the Northwest region, said fighters want to create panic among civilians collaborating with the military by reporting suspected separatists.

UN Blasts UK, Says Migration Bill Contrary to International Law

platform in elections due by May 2024.

Mallikarjun Kharge, president of the main opposition Congress Party, said INDIA stood for “Indian National Developmental Inclusive Alliance.”

“The main aim is to stand together to safeguard democracy and the constitution,” Kharge told reporters at the end of a two-day meeting of 26 opposition parties in the southern city of Bengaluru.

The Bengaluru meeting of opposition parties is their second in a month to build a common platform ahead of next year’s elections, in which BJP remains the favourite to win.

The first meeting last month had 15 parties agreeing to unite against the BJP. The parties, many of which are regional rivals and have been splintered at the national level, hold fewer than half the 301 seats BJP has in the 542-member lower house of parliament.

They have, however, sought to set aside their differences to challenge the BJP after Congress party leader Rahul Gandhi was convicted in a defamation case and disqualified from parliament in March.

Britain’s Illegal Migration Bill, aimed at stopping thousands of migrants arriving in the country, is at odds with London’s obligations under international law, the United Nations said Tuesday.

The bill, passed by parliament and now awaits the formality of being signed into law by King Charles III, means migrants arriving by boat will be refused the right to apply for asylum in the UK. The bill “is at variance with the country’s obligations under international human rights and refugee law and will have profound consequences for people in need of international protection,” the UN refugee and human rights chiefs said.

In a joint statement, they said the bill blocks access to asylum in Britain for anyone who arrives irregularly, having passed through a country — however briefly — where they did not face persecution.

The UN human rights chief Volker Turk and the UN refugees head Filippo Grandi said the bill bars people from presenting refugee protection claims, whatever their circumstances, and creates sweeping new detention powers with limited judicial oversight.

“This new legislation significantly erodes the legal framework that has protected so many, exposing refugees to grave risks in breach of international law,” Grandi said.

US Nuclear Submarine Visits South Korea in Show of Force

Indian Opposition Parties Form Alliance Called ‘INDIA’ for 2024 Elections

Former US President Donald Trump said Tuesday special counsel Jack Smith told him he is a target of the federal grand jury investigation into whether he illegally tried to upend his 2020 reelection loss to Democrat Joe Biden.

Trump, the leading Republican candidate for the party’s presidential nomination in the 2024 election, claimed in a statement on his campaign letterhead that “HORRIFYING NEWS for our country was given to me by my attorneys” two

More than two dozen Indian opposition parties said on Tuesday that they had joined hands to form an alliance called ‘INDIA’ to take on Prime Minister Narendra Modi’s ruling Bharatiya Janata Party (BJP) in parliamentary elections next year.

Naming the alliance INDIA is seen as an attempt by the opposition parties to challenge the BJP on its own nationalist

The United States is backing tough talk on provocations and sabre-rattling by North Korea with a show of force, sending a nuclear-armed submarine on a visit to South Korea.

The Ohio-class nuclear ballistic missile submarine USS Kentucky arrived Tuesday in the South Korean port of Busan, escorted by two US guided missile destroyers.

A statement from US Forces Korea said the visit “reflects the United States’ ironclad commitment to the Republic of Korea” and “demonstrates the flexibility, survivability, readiness, resolve, and capability of the US Navy submarine forces.”

The visit comes as high-level talks are underway in Seoul between U.S. and South Korean officials to coordinate a nuclear response should war break out with North Korea.

White House Indo-Pacific coordinator Kurt Campbell, who is leading the US delegation, confirmed the visit by the USS Kentucky, calling it the first visit by a nuclear-armed submarine to South Korea since the 1980s.

Trump Says He’s Target of 2020 Election Fraud Investigation

days ago.

“Deranged Jack Smith, the prosecutor with Joe Biden’s (Department of Justice), sent a letter (again, it was a Sunday night!), stating that I am a TARGET of the January 6th Grand Jury,” Trump said.

The former US leader referred to the day in 2021 when some 2,000 Trump supporters stormed into the US Capitol and tried to block lawmakers from certifying that Biden had defeated Trump in the 2020 election.

On his Truth Social platform, Trump said that Smith gave him “a very short four days to report to the Grand Jury, which almost always means an Arrest and Indictment” is imminent.

South Africans Lament State of Nation on Mandela Day

Every year on Nelson Mandela’s birthday (July 18), the South African government calls on citizens to honour the global icon’s legacy by doing good deeds. But almost 10 years after the anti-apartheid legend’s death, with South Africa suffering record levels of unemployment, widespread blackouts and corruption scandals, many say the current government is itself failing to honour Mandela.

Mandela, who spent 27 years in prison in his fight against racist white minority rule, is a hero to many in South Africa and across the world. After he became the country’s first democratically elected president in 1994, there was a great sense of hope for South Africa under his leadership of the African National Congress party, or ANC. But his successors — all from the ANC — have had mixed reviews, with one — former President Jacob Zuma — facing trial on multiple counts of corruption.

Many critics say the once-storied liberation party has become bloated, corrupt and inept, though others argue the brutal legacy of the apartheid system has made it hard to turn the country around.

What ordinary South Africans who spoke to VOA on the streets of Johannesburg did agree on this Mandela Day, however, was that the man many refer to as “tata,” or father, is sorely missed.

Mass Protests on National Day of Resistance in Israel

Tens of thousands of protesters all over Israel blocked roads, snarled traffic and clashed with police after calling a National Day of Resistance to protest the Israeli government’s planned judicial overhaul.

Tens of thousands of Israelis opposed to the Israeli government’s plan to overhaul the judicial system and take power away from the Supreme Court took to the streets for a National Day of Resistance Tuesday.

They blocked roads and snarled traffic all over the country. A protestor in central Israel was seriously injured in a hit and run, although the police said it might have been a traffic accident.

The demonstrators called the Day of Resistance after the right-wing government of Prime Minister Benjamin Netanyahu moved ahead with the first piece of legislation that would take power away from the Supreme Court and give it to the government.

Under one proposed change, Israel’s parliament, the Knesset, could overrule Supreme Court decisions with a simple majority.

The legislation had been on hold for several months, but this week the government moved ahead and said it wants to pass it before the Knesset starts a recess at the end of the month.

The protests have been going on for six months since Netanyahu first announced the reforms. But now a growing number of Israel army reservists, including thousands of pilots, cyber warfare experts, intelligence operatives and elite combat soldiers, say they will no longer report for reserve duty if the legislation goes through.

Israel Recognises Moroccan Sovereignty over Western Sahara

Israel announced Monday it was recognising Moroccan sovereignty over Western Sahara, joining the United States as the only countries to acknowledge Morocco’s annexation of the disputed North African territory.

The announcement came shortly after Morocco’s Foreign Ministry issued a statement that King Mohammed VI received a letter from Prime Minister Benjamin Netanyahu recognizing Morocco’s claim over the territory.

Netanyahu’s office later confirmed the announcement. Israeli Foreign Minister Eli Cohen said recognition of Western Sahara as Moroccan territory “will strengthen relations between the countries and the nations” and advance regional stability.

Israel and Morocco reestablished diplomatic relations as part of the Abraham Accords brokered by former President Donald Trump between Israel and Arab states. The two countries had low-level diplomatic ties in the 1990s, disrupted by the Palestinian uprising in 2000.

In exchange for Morocco normalizing relations with Israel, the Trump administration promised in December 2020 to recognize Moroccan sovereignty over Western Sahara.

The announcement upset decades of US policy and international consensus that a UN referendum should settle Western Sahara’s status. Morocco annexed Western Sahara, a former Spanish colony believed to have considerable offshore oil deposits and mineral resources, in 1975, sparking a conflict with the pro-independence Polisario Front.

The UN brokered a 1991 ceasefire and established a peacekeeping mission to monitor the truce and help prepare a referendum on the territory’s future.

Disagreements over who is eligible to vote have prevented that vote from taking place.

40

WEDNESDAY, ͹΁˜ ͺ͸ͺͻ ˾ T H I S D AY

NEWS

COURTESY VISIT...

L-R: Representative of Ukrainian Chamber of Commerce and Industry in Nigeria, Olena Nedryhailo; President of the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), Dele Oye Esq., and Ambassador Extraordinary and Plenipotentiary of Ukraine to the Federal Republic of Nigeria, Ivan Kholostenko, during a courtesy visit, in Lagos.

Criticism as DSS Makes Bizarre Comment on Emefiele, Describes Lawyer as ‘Outlawed IPOB Counsel’ CJ assigns suit against suspended CBN Governor, may be arraigned during court vacation Emefiele asks court to grant him bail on self recognition Kingsley Nwezeh in Abuja, Wale Igbintade and Sunday Ehigiator in Lagos The Department of State Services (DSS) has come under heavy fire for making bizarre comments about the suspended Governor of the Central Bank of Nigeria, (CBN), Mr. Godwin Emefiele, who is still in its custody and his counsel, Maxwell Okpara, whom it tagged as an “outlawed IPOB Counsel” The DSS in a series of tweets yesterday accused Okpara of mobilising other like-minded lawyers against the Services' Director General, Yusuf Bichi.

It described Okpara as a “Biafran Republic agitator” and that the lawyer needs to understand the law on Emefiele’s arrest.

In a tweet on its official account, @OfficialDSSNG the DSS wrote, “Charge and bail, overzealous uninformed IPOB/ESN lawyer Maxwell Okpara mobilises other like-minded lawyers against DGSS, futile Efforts.

Well, Nigerians, beware! This is in bad faith, transferred aggression.

“A Biafran Republic agitator and Outlawed IPOB counsel defending the suspended CBN Governor. Is IPOB defending one of theirs????

What a contradiction.....hmmm... what's the connection? Is someone telling us something? May Maxwell be properly educated on points of law, please.”

Okpara is one of the lawyers fighting to secure the release of the embattled CBN governor. The lawyer had represented Nnamdi Kanu, leader of the Indigenous People of Biafra (IPOB), on a couple of occasions.

Recently, a group of lawyers led

by Okpara and Ahmed Tijani, had initiated a contempt charge against Bichi and asked the court to order his arrest, for failing to release Emefiele, despite a court order mandating his release on bail.

The lawyer had stated that the DG of DSS should have ordered Emefiele’s release from custody in light of the prevailing judgements and orders issued in separate instances.

They cited orders by M. A. Hassan, Garki FCT high court judge; Hamza Muazu, Maitama FCT high court judge and Bello Kawu, APO FCT high court judge. Emefiele has been in DSS custody since his arrest on June 10.

Many Nigerians criticised the DSS over the tweet. A twitter user, @DanielRegha, wrote, “Whoever is handling the DSS' account needs orientation; Making a statement is one thing, but name-calling and

profiling make no sense.

“The post about Maxwell Okpara reeks of hate towards the Igbos which is unprofessional. Someone can easily mistake that for a parody acct. Shame.”

Meanwhile, the DSS has insisted that contrary to claims about court judgements against it, the court actually refused to grant the reliefs of the applicant.

"Justice Kawu in his judgement refused to grant the following reliefs of the Applicant: an Order setting aside his arrest and detention by the Service; an order setting aside the detention order obtained by the Service; "An Injunction restraining the service from further arresting and detaining him.

"He, however, noted that since the detention order exhibited by the service has expired on 10th July 2023 the service is hereby ordered to arraign him within 48hrs or release him on bail and the service had already charged him as stated yesterday", a guide provided by the Spokesman of the DSS, Peter Afunanya said.

Relatedly, the Chief Judge of the Federal High Court, Justice John Tsoho, has assigned a suit brought against Emefiele.

Court documents revealed that the suit had been assigned to Justice Nicholas Oweibo of the Federal High Court, in Lagos, but no date was fixed for hearing.

However, there were indications that the matter may be heard during court vacation which commences on Monday July 24, 2023.

Already, Justice Oweibo and

Justice Akintayo Aluko have been designated to adjudicate on cases at the federal high court, Lagos Division during vacation.

The federal government had in a two-count charge dated 13th of July 2023, filed by the Solicitor General of the Federation accused the former CBN governor of unlawful possession of firearms.

The two-count charge was signed by, M B Abubakar, from the Department of Public Prosecutions, Federal Ministry of Justice, Abuja.

The federal government, in the charge, had accused Emefiele of possessing a single-barrel shotgun (JOJEFF MAGNUM 8371) without a licence.

The government had maintained that the offence was contrary to Section 4 of the Firearms Act, Cap F28 Laws of the Federation 2004, and punishable under Section 27 (1b) of the same Act. In the second count, the suspended CBN governor was also accused of having in his possession 123 rounds of live ammunition (Cartridges) without a licence, which is contrary

to Section 8 of the Firearms Act Cap F28 Laws of the Federation 2004 and punishable under Section 27 (1)(b)(il) of the same Act.

Emefiele asks court to grant him bail on self recognition

Meanwhlie, Emefiele, has asked the Federal High Court sitting in Lagos to admit him to bail on self recognisance pending the hearing and determination of the charge filed against him by the federal government.

The bail application which was filed by his lead counsel, Senior Advocate of Nigeria, Joseph Daudu was brought pursuant to the relevant provisions of the constitution, the Administration of Criminal Justice Act of 2015 and the inherent powers of the court.

It was not yet certain when Mr Emefiele would be arraigned on the two counts of illegal possession of a firearm and ammunition but there are indications that it would be sometime during the annual vacation of the court which commences on Monday, July 24, 2023.

The suspended CBN governor’s case has been assigned to Justice Nicholas Oweibo, who is one of two vacation judges for the court.

The other is Justice Akintayo Aluko.

Emefiele’s application for bail was premised on nine grounds.

First, he contended that the offences for which he was charged were bailable. He also said he has never been convicted of any offence and he is presumed innocent until proven guilty.

The suspended CBN governor also said that granting him bail would afford him adequate time and facilities to prepare his defence to the charge.

Referring to his reputation and past credible record as well as his status of being a former CBN governor, the defendant said he is not a flight risk and would not jump bail if it is granted.

He also pointed out that since investigations have been concluded, there is no likelihood of interference on his part. While promising to attend trial punctually, the defendant also indicated his willingness to provide

Eight Katsina Permanent Secretaries Fail Competency Exams Francis Sardauna in Katsina The Katsina State Government has revealed that eight out of the 21 permanent secretaries who sat for its written and oral competency examinations failed.

The state Head of Civil Service,

Mr. Usman Isyaku, who disclosed this in an exclusive interview with THISDAY, said 13 out of the 21 permanent secretaries passed the examinations.

He explained that those who passed the written and oral examinations were reappointed,

while those that failed were given options by the government to either retire as permanent secretaries or return as directors.

Isyaku said: "Twenty-one permanent secretaries sat for the examinations. And out of these twenty-one, thirteen of them

EFCC: We Didn't Ask Lawyer to File Fraud Charge against Oduah Alex Enumah in Abuja The Economic and Financial Crimes Commission (EFCC), yesterday, told Justice James Omotosho of the Federal High Court, Abuja, that it never instructed one Mr Ibrahim Mohammed to file any charge bordering on forgery and fraud against a former Minister of Aviation, Senator Stella Oduah.

The EFCC, in a report on Mohammed, said, "The counsel was de-seconded back to the Nigeria Police Force on November 14, 2022.

He was not sent to represent EFCC or prosecute the defendant."

EFCC's counsel, H. A. Okonofua, at the resumed trial, said the report was filed at the court today.

A mild drama had played out

responsible sureties as may be required by the Court as a condition for the grant of bail.

A total of 10 lawyers including five senior advocates have been listed to defend the suspended CBN governor. They’ll be led by a former President of the Nigerian Bar Association, Senior Advocate of Nigeria, Joseph Daudu.

The other senior advocates are Akinlolu Kehinde, Bert Igwilo, Victor Opara and Emeka Obegolu.

In documents put before the court in support of the bail application, Emefiele denied being guilty of the offence with which he is presently charged.

The suspended apex bank governor has been in the custody of the DSS since June 10.

Already, 60 Constitutional and human rights lawyers have asked a High Court of the Federal Capital Territory (FCT) to commence a committal to prison proceedings against the Director General of the State Security Service (SSS), Mr. Yusuf Bichi, to Jail for alleged disobedience of the Order on Emefiele’s release

in court last Tuesday, when Justice Omotosho ordered the EFCC to investigate Mohammed, a Police lawyer, over a criminal charge instituted against Oduah.

The order, he stated was to clarify whether the anti-graft agency was in the know of the suit since it was being prosecuted by the Police.

Oduah was expected to be arraigned before the court on a eight count charge bordering on alleged complicity surrounding her National Youth Service Corps (NYSC) certificate and fraudulently receiving money from the federal government.

However, when the matter was called, Oduah was not in court.

Responding, Mohammed, who introduced himself as a lawyer with the Police Legal Department, Force

Headquarters, Abuja, told the court that the defendant was not in court because she has not been served with the charge.

According to him, Oduah had told them she was not feeling well when invited to come for the charge.

Reacting, Omotosho, who expressed doubt about the status of the person standing before him, queried why the charge came from the EFCC. Mohammed replied that it was as a result of human error, disclosing that he was seconded to the anti-graft agency but returned to the Police last November, andthat he only resumed at the police legal department on January 23, this year.

Asked if the anti-graft agency was aware of the charge, the prosecutor

answered in the negative, explaining that he filed the charge mistakingly with his EFCC address in Benin City, Edo State.

Not satisfied, Omotosho held that he would need some clarification from the Commission concerning the status of the lawyer as well as the filing of the charge.

He consequently called on Police personnel attached to the court to accompany the lawyer to the office of the EFCC with an order on the Commission to "investigate the fact and report back on July 18."

According to the judge, the prosecution lawyer admitted being disengaged from the EFCC since November and yet could file a charge in the name of EFCC seven months after.

successfully pass the written examination and oral interview.

"Eight of them couldn't make it but the government decided to extend its magnanimity by giving them options to either retire as permanent secretaries or revert to their substantive civil service posts as directors".

He added that 23 directors were also vigorously examined and elevated to the rank of permanent secretaries, bringing the number of permanent secretaries in the state civil service to 36.

Isyaku, noted that the main purpose of conducting the examinations was to test the capacity or competence of the permanent secretaries not to witch-hunt or an agenda to sack civil servants in the state.

He said the 13 reinstated and 23 newly appointed permanent secretaries would undergo a series of training and induction courses "for them to know the dos and don'ts of the office" for effective service delivery.

According to him, "There are also plans by the state government to also train all cadres in the state civil service from ordinary civil servants to directors".

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NEWS

NORTH CENTRAL PEOPLES FORUM, NCPF VISITS SGF...

L-R: Deputy Auditor, North Central Peoples Forum, NCPF, Hajia Larai Kolo; Member BOT, Chief Stephen Lawani; Secretary to the Government of the Federation, Senator George Akume and BOT Chairman, rtd. Lt. Gen. Jeremiah Useni when the members of the NCPF visited the SGF in Abuja…recently

How Ex-APC Chair, Adamu, Ran into Problems with Tinubu

Some sketchy details of how the immediate past National Chairman of the ruling All Progressives Congress (APC), Senator Abdullahi Adamu, who was forced to resign from his position on Sunday, ran into problems with President Bola Tinubu, have begun to come to public knowledge.

Adamu and the party’s National Secretary, Iyiola Omisore, were forced to resign following an alleged directive of Tinubu, whom sources claimed could no longer tolerate their excesses.

A source close to the corridors of power told THISDAY yesterday, that Adamu’s problems started

from the time he conspired with some members of the cabal of the Muhammadu Buhari administration to push former Senate President, Ahmad Lawan, forward as the preferred presidential candidate of the ruling party.

While that was filed away at the time, the THISDAY source hinted that Adamu, despite the billions made from the sale of nomination forms and other sources, refused to fund the election of Tinubu, and allegedly denied the states funds, a move the president considered deliberate.

As if that was not enough sabotage, Adamu’s disposition

and body language during the election of the presiding officers of the National Assembly, the source said, were clear indications to the president that the ex-national chairman was not on his side.

The source further alluded to the fact that Adamu’s attitude to the candidates of the party for the National Assembly presiding offices, Godswill Akpabio and T.J Abbas, when he told them to stop acting as if they had won already and that other contestants had the right to step into the race, was divisive and intentional.

The last straw that broke the camel’s back, the source said, was the former chairman’s statement

after other principal officers of the National Assembly had been announced by the presiding officers, that the party was not aware of the decision of a rather independent arm of government.

This, the source explained, was further complicated by Adamu’s recent interview, where he openly confirmed supporting Lawan as the APC presidential candidate, but still delivered Tinubu at the poll.

These series of events, the source claimed, came off as red flags for Tinubu, who concluded, “There cannot be two presidents and immediately asserted himself by yanking them off their posi-

tions.”

Asked what the sins of Omisore were, the source said while the former secretary had never been a true progressive and, therefore, how he colluded with Adamu to “mangle” the finances of the party was completely displeasing

Jonathan: I Will Be More Regular at State House in Coming Days Deji Elumoye in Abuja

Tinubu, Obasanjo, Govs, Others to Grace Burial of Late Prelate Mbang

Okon Bassey in Uyo

Plan has been concluded for the burial of the Prelate Emeritus of the Methodist Church of Nigeria(MCN), late Sunday Mbang.

Top dignitaries including President Bola Tinubu, former President Olusegun Obasanjo, some state governors and other leaders including president of World Methodist Council, Secretary-General of the World Methodist Council, National President Christian Association of Nigeria are expected to honour the burial.

At a press briefing yesterday in Uyo, the family of late Mbang said August 11,2023 has been fixed for the final obsequies of the patriarch, who died on May 16,2023 at the age of 86.

Speaking on behalf of family, late Mbang's first son and Chief mourner, Ini Mbang, listed the funeral arrangements, and mentioned names of political and religious leaders expected at the obsequies of the father.

He said, "Papa had his best friend, former president Obasanjo who will be there. We also have confirmations of some governors; even the incumbent president, Bola Tinubu will be there.

"We are going to have several distinguished Nigerians in attendance.

And then we are going to have

the president of World Methodist Council, Secretary-General of the World Methodist Council, National President Christian Association of Nigeria and the President-General of the Islamic Council of Nigeria which is the Sultan of Sokoto.

"You know Papa started the Inter-Religious Council with the former Sultan of Sokoto and he was in good relationship with

other Sultans of Sokoto. So these eminent leaders will come and honour him".

He also stated that there would be a special service today by his alma mater, the Methodist Boys High School Old Boys followed by a novelty football match between the Methodist Old Boys and Hope Waddel Old Boys at Shelter Afrique field, Uyo.

"On Wednesday 26th July, 2023 a commendation service is slated to hold at the Methodist Church of the Trinity, Tinubu in Lagos by 10am.

"On Thursday 3rd August, 2023 there would be a special service to be conducted by the Christian Association of Nigeria, CAN at the National Christian Centre, Abuja by 4pm.", he stated

Former President Goodluck Jonathan on Tuesday, said his visit to the State House, Abuja, will be more regular in coming days because of the many challenges facing the West African subregion.

Jonathan gave the hint while speaking to newsmen after meeting with President Bola Tinubu at the Aso Rock Villa.

The former President, who is the Economic Community of West African States (ECOWAS) Special Envoy, leading its mediation mission on Mali, was at the Villa to discuss developments on conflicts with President Tinubu.

Obaseki Urges Increased Global Action, Synergies to Improve Food Security Edo State Governor, Mr. Godwin Obaseki, has called for urgent action to improve food security, ensuring increased collaboration among global stakeholders to support more farmers to embrace climate-smart agricultural practices and technologies to improve their yields and ensure food sufficiency.

The governor made the call in commemoration of Nelson Mandela International Day, marked on July 18, each year by the United Nations.

This year’s theme is “The Legacy Lives on Through You: Climate, Food, and Solidarity.”

The governor said, “The 2023 International Nelson Mandela Day

presents another fine opportunity for governments, policymakers, and other stakeholders to review efforts at addressing one of the world’s most pressing challenges, climate change which poses a threat to our planet and the well-being of our communities, with its devastating impact on agriculture, livelihoods, and the environment.

“It is projected that without a solution, an estimated 43 million people in Africa alone could fall below the poverty line as a result of crop failures and hunger from climate change. This calls for increased action among stakeholders, ensuring better policies and sustained partnerships

to support climate-smart agriculture across the agriculture and food value chains to enhance food productivity and improve climate resilience.”

He added, “In Edo State, we are aware of the profound impact that climate change has on agriculture and food production, and are partnering with the private sector and other stakeholders in the State to empower smallholder farmers, providing them with access to resources and technology, and supporting sustainable farming practices that protect the environment while increasing productivity.”

In his message to mark the day, the Secretary General of the United Na-

to the president and he could not save him.

The source, however, dismissed insinuations of any backlash likely from the development, saying anyone in Tinubu’s shoes would also not have tolerated Adamu’s high-handedness.

tions, António Guterres, said, “Today, poverty, hunger and inequality are on the rise. Countries are drowning in debt. The climate crisis is destroying the lives of those who have done the least to cause it, and our unfair and outdated international financial system is not fulfilling its function as a global safety net. We have it in our power to solve each of these problems.

“So, as we commemorate Nelson Mandela’s life and legacy, let us be animated by his spirit of humanity, dignity and justice. Let us stand with women and girls, young people and change-makers everywhere. And let us take action to build a better world.”

Jonathan said he will frequently have issues of ECOWAS regional concerns to discuss with President Tinubu, who is currently the Chairman of the Authority of Heads of State and Government of the regional body.

He said: "I've been a part of ECOWAS from 2020, as the ECOWAS Mediator in Mali and now that we're lucky our President has been appointed as the Chairperson of the Authority of Heads of State and Government of ECOWAS, in fact, I will be coming here almost every week so Nigerians should not be surprised because we have a lot of challenges in the sub-region and those were the things we were discussing.

"We have crisis in Mali, crisis in Guinea, crisis in Burkina Faso, I'm really handling Mali, but still oversighting others. So we came to put our heads together. I'm also the Chair of the ECOWAS Council of the Wise, we hold meetings and we see that Chair of the Authority to have conversations on how to move things forward.

"So since he just came back from the AU programme in Nairobi and I'm traveling tomorrow, so I've decided to come and brief him to know how to move ahead with the ECOWAS challenges", Jonathan said.

President Tinubu also yesterday evening hosted Governors Hope Uzodimma (Imo), Dapo Abiodun (Ogun), and AbdulRahman AbdulRazaq (Kwara) at the Villa.

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NEWS

DIRI BOOSTS RESEARCH...

Bayelsa State Governor, Senator Douye Diri (left) and a TIME Magazine 2023 100 Most Influential Persons in the World recipient, Bayelsa-born Prof. Dimie Ogoina, during a courtesy visit to Government House, Yenagoa... on Monday

Tinubu: Africa Ready to Combat Terrorism in West Coast Says no problem raising funds against all forms of insecurity Troika+ issues resolutions on region’s challenges Orders NDLEA to bring to book killers of 2-year-old in Delta Deji Elumoye in Abuja President Bola Tinubu and Chairman of ECOWAS Authority of Heads of State and Government, yesterday, declared that the security challenges facing the West Coast, had been thoroughly reviewed and a properly-funded strategy would be instituted to tackle terrorism.

Tinubu made the disclosure about a new approach by ECOWAS leaders to tackle security, with more measurable results, after a meeting in Abuja, yesterday with Presidents of the Republic of Benin, Patrice Talon, Guinea-Bissau, Umaru Sissoco Embalo, and Niger Republic, Mohamed Bazoum, at the State House.

Responding to a question on how the ECOWAS Commission hoped to fund its avowed campaign against terrorism and other forms of insecurity within its region, Tinubu said the countries within the community have the means and wherewithal to fight the menace out of their region.

“We have no problems raising funds. We believe we have the instruments to do that. We believe we are capable of raising necessary funds to combat terrorism in the sub-region,” the president told newsmen after the meeting.

He noted that the West African leaders had extensive deliberations on sustaining democracy on the West Coast and fashioning out the framework for confronting security.

The four West African leaders, during their meeting, also reviewed

the political and security situations within the sub-region, especially the political transition issues in Mali, Burkina Faso and Guinea, as well as the security concerns across entire region.

Speaking to newsmen on the resolutions reached during the meeting after the meeting President of the ECOWAS Commission, Touray, disclosed that President Talon of Benin would soon embark on a mission to the three West African countries, on behalf of the Authority of Heads of State and Government.

He said: “Regarding the political situation in the sub-region, the leaders have reviewed the transition in Mali, Burkina Faso and Guinea.

Regarding the transition in those three countries, the leaders have taken the decision to re-engage the three countries at the highest level.

“A member of the Troika, in the person of His Excellency, the President of the Republic of Benin, will undertake a mission to these three countries on behalf of the heads of state. That mission will be undertaken shortly.

“The leaders have reaffirmed their commitment to the expeditious transition to democracy in each of the three countries. The transition must be in accordance with ECOWAS protocols and in accordance with their individual transition charters. ECOWAS has resolved to support a credible and inclusive transition in each of the three countries.”

On security, Touray disclosed

that the resolution included “to provide a robust regional response to any threat to security in the region. The regional response shall include the operationalisation of the ECOWAS Plan of Action with the region's own troops and regions own financing. Financing from other partners will be welcomed.

“The security response shall also include support to the individual member states of the region. The response shall also include the use of specific arrangement, such as specific models of peace and security. Adequate resources will be

provided to the region's response to peace and security,” he said.

Meanwhile, Tinubu has directed the management of the National Drug Law Enforcement Agency (NDLEA) to speedily and thoroughly investigate the recent killing of a two-year-old Ivan Omhonrina by a stray bullet during an operation by officers of the agency at Okpanam in Oshimili North Local Government Area of Delta State.

This move, he explained, was with a view to punishing those found culpable among the NDLEA

operatives over the incident.

The president, according to a release by his Special Adviser on Special Duties, Communications and Strategy, Mr Dele Alake, charged security agents to be more professional and careful when conducting their operations to avoid risking the lives of innocent Nigerians.

President Tinubu also expressed sadness over the death of the toddler, saying, "I mourn the death of little Ivan Omhonrina and sympathise with his parents for the painful experience of losing

Fubara: Allowing Individuals Brandish Firearms is National Embarrassment Blessing Ibunge in Port Harcourt

Rivers State Governor, Mr Siminialayi Fubara, has frown at the unauthorised handling of firearms by some individuals in the society, stressing that the military ignoring such act was an embarrassment to the country.

Fubara wondered why the Nigerian military, has not considered it necessary to clamp down and bring to justice civilians, who had continued to maintain armed camps in some communities in the state, brandishing sophisticated firearms publicly.

The Rivers State governor, spoke yesterday, when the new General Officer Commanding (GOC) 6 Division, Nigeria Army, Major General Jamil Abdussalam, visited the Government House, Port Harcourt.

Fubara warned the visitor, "Don't indulge in politics. Your predecessors, who indulged in politics here ended up badly. If you don't listen and you engage, when we (Rivers people) finish our prayers, you will go with sickness.

"At this particular time, what is most critical is security. I know one of your roles is to comple-

ment police efforts on internal security, especially, when it concerns criminal activities. The army has capacity to combat this area of security."

The governor disclosed how some civilians move freely with arms in a locality of the state, where the military maintained a camp, asserting that the development raised a red flag on the role of the army in the security of the state.

Fubara explained, "I feel very embarrassed that there is a camp somewhere in Degeme (Local Government Area). It's a military base and civilians parade arms

CAN President Charges Church Leaders to Monitor Govt’s Policies President of the Christian Association of Nigeria (CAN), Archbishop Daniel Okoh, yesterday, called on church leaders across the country to pay greater attention to government policies in order to enlighten members especially smallholder farmers.

This came as the Organisation of African Instituted Churches (OAIC), called on the federal government to show more concern to the plight of smallholder farmers.

The CAN President, who was also the International Chairman

of OAIC, spoke at a workshop on "Climate Change Adaptation for Smallholder Farmers in Nigeria" themed: Adaptation for Smallholder Farmers and Responsive Public Policy: A Faith-based Response."

He said church leaders must pay more attention to government’s policies in order to enlighten church members especially smallholder farmers.

"Eighty per cent of the food we produce in Africa are from smallholder farmers. When we talk about insecurity, we have to talk of

an innocent child in a most tragic manner.

"Ivan did not deserve to die that way. We must ensure the incident did not end like that and that what happened to Ivan does not happen to any other person again. I also pray for the quick recovery of Eronmonsele, who was reportedly injured in that unfortunate event."

Tinubu, therefore, insisted: "That incident is unacceptable. We must unravel those who foisted agony on the Omhonrinas and ensure they are brought to justice."

smallholder farmers. Anything that affects them affects us including those in government.

"We must find a way to stand in the gap for them as many of them are members of our churches.

We must take action, we must inspire confidence in smallholder farmers as church leaders.

"We must make our input in policy making. CAN has a powerful voice," he said, maintaining that the workshop would enable CAN engage government to highlight some issues not receiving adequate

attention from it.

"The church should move closer and closer and we should have our eyes on government policies.

We need to sensitise farmers on government policies. You may say I will help farmers but they may not even know so that even when government says palliatives, they may not even understand it," he said.

Meanwhile, the OAIC has called on the federal government to show more concern to the plight of smallholder farmers.

In his remarks, President of OAIC Nigeria/Prelate Motailatu Church Cherubim and Seraphim Worldwide, Elder Israel Akinadewo, said smallholder farmers were the backbone of agricultural systems.

He said the are the ones, "who face an array of daunting challenges. They work tirelessly to feed our communities yet they are often confronted with limited access to resources, climate change-induced uncertainties, market volatility and social inequities."

around there. Is it that our laws now allow individuals to brandish AK47s, that people can display these arms before military personnel and you don't do anything about it?

"It is an insult to the state, to Federal Government of Nigeria.

I don't know where it is coming from, maybe you people allow it for a reason, but you look into it. Also, see what to do about the situation in the Elele axis. You also have a base there and we are always having challenge from people outside the state coming from that axis to cause problems."

Abdussalam has however pledged the 6 Division's support for the new Rivers administration's and sought sustained support from the state in mutual trust for enhanced security.

"Rivers government has been supporting us on provision of fuel for our operations, provision of ration cash allowance for our personnel deployed and so many other assistance that cannot be quantified.

"I solicit more support for our troops in the field and to congratulate you on the giant stride made in such a short time with flag off of the Port Harcourt Ring Road project. We know even at federal government level, this project is gigantic,” he said.

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NEWS

NIGERIAN POLICE FORCE CLAIMS CHEQUE...

L-R: Insurance Officer, Nigerian Police Force, ACP Uzairu Abdullahi; Managing Director/CEO, Anchor Insurance Company Limited, Mr. Ebose Augustine Osegha; and the Ag. Inspector General of Police, Kayode Egbetokun during the presentation of N70m claims cheque to the Police by the Anchor Insurance Company in Abuja ….recently

Appeal Court Dismisses Enugu APC Candidate’s Suit against Mbah The Enugu Division of the Court of Appeal has dismissed the suit filed by the candidate of the All Progressives Congress (APC) in the 2023 Enugu State governorship election, Uche Nnaji, challenging the victory of Governor Peter Mbah of the Peoples Democratic Party (PDP).

The decision of the three-man panel of the appellate court was delivered by Justice J.O.K Oyewole yesterday.

Nnaji, whose petition was initially dismissed by the Justice K.M Akanoled Enugu State Governorship Election Petitions Tribunal on June 20, had approached the appellate court to seek redress.

The APC candidate, in the petition, contended that Mbah was not constitutionally qualified to vie for the office of the governor at the time of the election for allegedly presenting a forged certificate to

the Independent National Electoral Commission (INEC).

Among others, Nnaji, who polled 14,575 votes against Mbah’s 160,895 votes, to place a distant fourth in the election, equally averred that his PDP counterpart was not duly elected by the majority of lawful votes cast at the election.

Also joined as respondents were the candidate of the Labour Party (LP), Chijioke Edeoga, and that of

the All Progressives Grand Alliance (APGA), Mr Frank Nweke Jr., who, according to the appellant, were not qualified to contest the election, having allegedly run foul of the asset declaration law.

He, therefore, asked the tribunal to disqualify Mbah, Edeoga, and Nweke and either declare him the winner or order INEC to conduct a runoff election between him and other remaining candidates.

However, delivering judgement on the petition marked EPT/EN/ GOV/05/23, the Chairman of the Tribunal, Justice M.K Akano, said the lawsuit was not filed in accordance with the provisions of the Electoral Act and could not be heard pursuant to paragraph 18(3) (4) of the First Schedule of the Electoral Act, 2022.

Consequently, Nnaji approached the Court of Appeal, praying for

it to send the dismissed petition back to the tribunal for hearing and determination of the suit.

But at the resumed hearing of the appeal marked CA/E/E/EP/ GOV/EN/01/2023 on Tuesday, the Court of Appeal upheld the decision of the tribunal and dismissed the suit accordingly.

The appellate court equally awarded the sum of N250,000 each against Uche Nnaji and the APC.

Hamisu said if the federal government could use the N500 billion to purchase buses and distribute them to every state, it would significantly cushion the effect of transportation faced by Nigerians.

He urged the government to, as a matter of urgency, bring human capital development policies and innovations that will tackle the difficulties bedevilling workers and other Nigerians.

Human Rights Writers Association of Nigeria (HURIWA) also condemned the petrol price hike.

HURIWA, in a statement by its National Coordinator, Emmanuel Onwubiko, yesterday, stated, “The silence of Nigerians in the face of cocktails of toxic and elitist economic measures by the newly inaugurated President Ahmed Bola Tinubu will inevitably lead the masses to ‘economic Golgotha’ meaning that the next best meals Nigerians will resort to so as to survive the devastating and excruciating absolute poverty is to eat grass like goats or cows.”

HURIWA condemned the current administration for continuously inflicting economic hardship on Nigerians through many thoughtless and anti-poor policies, “whereas the salaries of public office holders have been reviewed upwards and the National Assembly has just been allocated N110 billion as palliatives to cushion the effects of the withdrawal of fuel subsidy, whereas over 130 million multi-dimensionally poor Nigerian households are abandoned to a cruel fate of constant upward reviews of the pump price of fuel, which inevitably affects the costs of foodstuffs and leads to spiralling inflationary trends.”

Director General of NECA, Mr. Adewale-Smatt Oyerinde, expressed this view yesterday.

Oyerinde said it was quite unfortunate and worrisome that the upward review in the price of petroleum was coming at a period when businesses and Nigerians were facing challenges amid rising inflation that was eating away consumers disposable income and talk about impending increase in electricity tariff.

Oyerinde said, “The petrol price going up adds to the burden that not only Nigerians are facing but also the organised businesses. Once the disposable income goes down the ability of average Nigerians to purchase is impaired. And once they cannot purchase, businesses cannot produce or cannot sell what they have produced.

“It is a worrisome trend and I want to call on the government to take a dispassionate look at all these issues. We will reiterate our position that government should not kill those that it is trying to save.

“We are kicking against the price.

We cannot continue to be saying that Nigerians should sacrifice, when we are not seeing corresponding sacrificial activities on the side of government.

“We are against this new price adjustment. Let the market take the lead, that is the expectation and not the ‘deregulated regulation’ that we are currently seeing. It is a bit confusing and businesses and Nigerians need clarity on the direction that we are actually going.”

subsidy removal must have caused Nigerians some difficulties, but assured that they would soon get the benefit of their sacrifices.

The governor stated spoke at the National Assembly after a courtesy call on President of the Senate, Godswill Akpabio, and Senate leader, Opeyemi Bamidele, as well as Ekiti State members of the National Assembly.

The governor said, “Nigerians should be patient with President Bola Tinubu. You cannot eat an omelet without breaking an egg, there is no microwave solution to our problem, you must confront these challenges head-on.

“You must thank the president for having the courage for taking the bull by the horn. If we are going to get out of this woods, we must take very hard decisions.

“I just plead with Nigerians to be patient, very soon they will know that the president meant well.”

Oyebanji expressed appreciation to the leadership of the ruling All Progressives Congress (APC), the president, and the entire senate for the choice of Opeyemi Bamidele as Senate Majority Leader.

He said regarding the senate leader, "He is the best choice anybody can make. Bamidele is a worthy representative from Ekiti State, we are proud of him.

"He is my brother, he is my collaborator, and he has the capacity and the ability to assist the leadership of the senate to ensure smooth implementation of the president’s agenda at the senate.

“In Ekiti State, he has contributed immensely to political developments in the state.

"You can see us together today, we just met with all the members of the National Assembly from Ekiti, both in the senate and in the House of Representatives on the need to align our priorities in the interest of our people.”

FUEL PRICE: LABOUR THREATENS TO PULL OUT OF TALKS WITH FG to achieve its stated and unstated objectives.

NLC stated, "It is this belief that we are sure has continued shaping the actions of this government since its inauguration on the 29th day of May, 2023, to continue inflicting mindless and heartless pains on the populace one after the other without the decency of embracing the tenets of democracy, which requires wide and deep stakeholder consultation on weighty matters of state.”

NLC noted that despite provocations by the government after the unilateral withdrawal of fuel subsidy and hike in prices, the workers remained committed to the principles of the rule of law, good conscience, and democracy.

It noted that the proposal to pay National Assembly members the sum of N70 billion and the judiciary N36 billion was the most insensitive, reckless and brazen diversion of the collective patrimony into the pockets of public officers whose responsibility it was to protect the country’s treasury.

The union said, "We believe that this may amount to hush money and outright bribery of the other arms of government to acquiesce the aberration.

“It is unconscionable that a government that has foisted so much hardship on the people within nearly two months of coming into office will make a proposal that clearly rewards the rich in public office to the detriment of the poor.

“What this means all this while is that the government is seeking ways of robbing the very poor Nigerians so that the rich can become richer.

There is no other way to explain the proposal to pay a misery sum of N8, 000 to each of the mysterious poorest 12 million households for six months, which amounts to N48, 000, and pay just 469 national legislators N70 billion or about N149 million each, while the judiciary that has

about 72 appeal court judges, 33 National Industrial Court judges, 75 Federal High Court judges, and 21 Supreme Court judges and a total of about 201 judges receives a total of N35 billion or N174 million each.

“If these other two arms are projected to receive this, what members of the executive council will receive is better left to the imagination of Nigerians, perhaps, the balance N150 billion will go to them.

"These proposals are not just unacceptable to Nigerian workers but are also dictatorial, thus, undemocratic.

It is not a product of social dialogue, which would have produced collectively negotiated outcomes by critical national stakeholders."

In addition, NLC alleged that the federal government had in the wake of the dispute on withdrawal of fuel subsidy procured "unholy injunction from the courts, which were served us in gestapo style by trucks laden with fully armed soldiers and policemen.

"Nigerians would remember that the federal government had called for dialogue in the aftermath of its disastrous forlorn trajectory in the astronomical increase in petroleum product price and our subsequent call for a nation-wide industrial action.

"We were also witnesses to the actions of the federal government in procuring an unholy injunction from the courts which were served us in gestapo style by trucks laden with fully armed soldiers and policemen.”

The union recalled, “Remember that the $800 million, which was already proposed before the devaluation of the naira by this government, was worth about N400 billion then, but is now worth about N650 billon after devaluation.

"It is from this; it proposes to bring out N500 billion for distribution.

The proposal to pay N8,000 to each of the so-called 12 million poorest Nigerian households for a period of six months insults our

collective intelligence and makes a mockery of our patience and abiding faith in social dialogue, which the government may have alluded to albeit pretentiously.

"Furthermore, the actions of the federal government show that it does not have trust and confidence in the very presidential committee that it set up to take a comprehensive look at the consequences of the petroleum product price hike and make recommendations on the way forward to ameliorate its negative impacts upon the citizenry.”

In a similar vein, the Katsina State chapter of NLC rejected the new petrol pump price. The state NLC chairman, Dr. Hussaini Hamisu, who disclosed this yesterday, in an interview with some journalists in Katsina, said the development would not augur well for Nigerians.

Hamisu, during the media chat, described the development as another way of aggravating the hardship faced by Nigerians, especially the downtrodden in communities across the country.

He said the primary responsibility of every government was to bring succour to its citizens, "but since this government came in, workers and the general public have been experiencing hardship."

He added, "I don't think this increment will augur well for Nigerians. We are not in support of the increment. So, I am using this medium to appeal to the government to critically look at ways of solving this problem.

"Instead of giving N8, 000 to individuals, which I believed those that are supposed to get that money will not get it, the politicians will bring the names of their sons, daughters and their maids to collect it.

"The downtrodden, who are suffering will not get that money. So, the government should consider using that N500 billion to purchase buses that can be distributed nationwide."

NECA Kicks Against Petrol Price Increase

NECA also has kicked against the upward adjustment of the petrol pump price from N500 to N617.

Be Patient with Tinubu, Oyebanji Urges Nigerians

Ekiti State Governor, Abiodun Oyebanji, however, urged Nigerians to exercise patience with the administration of President Bola Tinubu over the sudden hike in the pump price of petrol.

Oyebanji noted that recent fuel

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WEDNESDAY JULY 19, 2023 •T H I S D AY

WEDNESDAY JULY 19, 2023 ˾ T H I S D AY

45

NEWS

ONLINE BOOK CLUBHOUSE UNVEILED…

L-R: President, FROT Group, Mr. Frank Momoh; renowned Media Personality, Noble Igwe; Commander of Narcotics, National Drug Law Enforcement Agency (NDLEA), Ogun State Command, Mrs Ibiba Jane Odili; entrepreneur/mother of the author, Ifeoma Mbonu; author, Munachi Mbonu; veteran Actor/Producer, Joke Silva, and Director of Administration and Finance, Nigerian Maritime Administration and Safety Agency, Chudi Offodile, at the ‘Upfronts With Munachi’ to unveil Nigerian first online book clubhouse and Munachi’s latest book, PEARL in Lagos…recently

CLO Accuses Tinubu of Fraternising with Corrupt Politicians Oghenevwede Ohwovoriole in Abuja The Civil Liberties Organisation (CLO) has accused President Bola Ahmed Tinubu of fraternising with “The Group of 99”, a set of former state governors between 19992003, believed to have laid

the foundation for Nigeria’s economic ruin.

The CLO President, Igho Akeregha, who accused the president of fraternising with this group of politicians whom he believes laid the foundation for the nation’s economic downturn, made the allegation at a press conference yesterday

Gov Mohammed Dissolves Bauchi 20 LG Caretaker Committees

SegunAwofadejiinBauchi

Bauchi State Governor, Senator Bala Mohammed, has approved the dissolution of all the Local Government Caretaker Committees of the 20 local government areas in the state with immediate effect.

It could be recalled that the caretaker committees for the 20 LGAs were inaugurated in 2022 following the expiration of the tenure of the elected councils in line with the Local Government Administration laws of the state.

The dissolution of the caretaker

committees of the LGAs was contained in a three-paragraph statement signed by the Secretary to the State Government (SSG), Ibrahim Muhammad Kashim, as some copies were made available to journalists yesterday.

The statement said: “Accordingly, the chairmen of the Local Government Caretaker Committees are therefore directed to hand over the affairs of the local government areas to their respective heads of administration pending the appointment of substantive caretaker committees.

in Abuja.

The theme of the press conference was “Beware of Regrouping of Corrupt Politicians in Aso Rock, CLO

Warns Tinubu.”

These former governors, he stated, have nothing good to offer Nigerians, and that they are coming to the seat of power

to protect their selfish interest.

“We appeal to President Tinubu whose election is being seriously challenged at the election petitions court to not

convert the highest office of the President of the Federal Republic of Nigeria into a rehabilitation centre for politicians who put the country in this sorry state.”

Kogi Guber: Court Sacks Mubarak, Declares Abdullahi Authentic NNPP Candidate Court Affirms Ododo’s qualification to contest APC’s primary Alex Enumah inAbuja A Federal High Court in Abuja yesterday ordered the sack of Musa Mubarak as the candidate of the New Nigerian Peoples Party (NNPP), for the November 11, gubernatorial election in Kogi State.

Justice James Omotosho made the order while delivering judgment in a suit filed by Hassan Abdullahi challenging his removal as winner of the NNPP governorship primary election in Kogi state.

This is just as Justice Obiora Egwuatu of a Federal High Court

in Abuja yesterday held that Mr Ahmed Ododo can lawfully continue to fly the flag of the All Progressives Congress (APC) in the forthcoming governorship election in Kogi State.

The judge, who observed that the case of the plaintiff

was meritorious, subsequently ordered the Independent National Electoral Commission (INEC) to immediately recognise Abdullahi as the governorship candidate of NNPP and remove the name of Mubarak, earlier forwarded to the commission by the NNPP.

Anambra Community Protests Death of Youth in Police Custody David-Chyddy ElekeinAwka Some members of Aguleri community in Anambra State have protested the death of a youth of the community, Mr. Chidubem Ezenwa.

The youth was taken into police custody alongside three others three weeks ago after he and his friends were accused of violence in a hotel

in the community.

He was, however, said to have died in custody, after alleged to have been tortured by police operatives who arrested him and also being beaten up by fellow inmates in the cell.

Father of the deceased, Mr. Sunday Ezenwa, who spoke to journalists during the protest by members of

The Senate has mandated its committee on the Niger Delta Affairs to look into the urgent need to save Aiyetoro, a seashore community in Ondo State, currently under heavy sea incursion from

panel, when constituted, to probe the N6.4 billion contract awarded to Gallet Nigeria Limited aimed at constructing a shoreline protective wall designed with a geo-tube technology in Ayetoro.

the community, said his son came back from his base in Asaba, Delta State, to check on his friend who was involved in an accident, but later died.

According to him, “After they were told of the death of his friend, he and his other friends went to a hotel to wait, while the body of their friends was being taken to the

mortuary.

“In the process, one of them, while reminiscing on the death of their friend broke a bottle. They later paid for the bottle when the hotel management protested, but the President-General of the community, Ifeanyi Iloakasia, called the police and got them arrested, and in the process, he died.

3,000 Nigerian Youths to Benefit from Senate Moves to Save Ondo Seashore Community from Extinction going into extinction.

The decision was taken by collecting 25 per cent mobilisation.

China’s Capacity Building Programme SundayAborisadeinAbuja The red chamber also asked the the upper legislative chamber He noted that the oil producing

No fewer than 3,000 Nigerian youths are to benefit from the capacity building programme midwifed by the National Council for Arts and Culture (NCAC) in collaboration with the Peoples Republic of China later in the year.

The Director General, NCAC, Otunba Segun Runsewe, revealed this to journalists when he received in audience the Chinese Cultural Attache Lee Xuda in Abuja.

Runsewe stated that his recent visit to China gave him an opportunity to understudy

the secret behind the ingenuity and creativeness of the Chinese in goods production. According to him, there is need for Nigerian youths to be exposed and trained in such environment to gain the needed skills and knowledge in various area of goods production.

He reiterated that this capacity building programme, when finalized, will involve selected youths from every state of the federation and the Federal Capital Territory (FCT) who will be sponsored to China by the state governments in Nigeria including FCT.

following a motion by the Senator representing Ondo South Senatorial District, Jimoh Ibrahim, yesterday.

Ibrahim lamented that the construction firm allegedly abandoned the project despite

Ayetoro remained a phenomenal historical and cultural settlement along the coastal stretch of Ilaje Local Government Area of Ondo State and also a major source of revenue for the nation

Police Academy tocourses, Introduce Faculty of Education, Diplomas, Others diploma and certificate (NUJ), in his office yesterday, said be recruited as teachers for both Ahmad Sorondinki inKano The Commandant of the Nigeria Police Academy in Wudil, AIG Abubakar Sadiq, has said the Academy has concluded arrangement to introduce faculty of education postgraduate

programmes for paramilitary and civilians.

The Assistant Inspector of Police (AIG), who revealed during an interactive session with members of the Kano State Correspondents’ Chapel, Nigeria Union of Journalists

the Academy is also making plans to offer courses on security studies, most especially, forensic studies.

He said what informed the introduction of the faculty of education in the Academy was to train police officers who will

primary and secondary schools, including tertiary institutions.

Sadiq explained that the initiative on other courses would save cost and the risk of officers and civilians who are interested in security studies from travelling abroad.

Assembly Moves to Recover Legislative Quarters from Police Bayelsa Police Command Ekiti occupation of the legislative recover the property at the at the attitude of some Gbenga Sodeinde in Ado quarters by the police, with continuation of screening of members of the public who Gets New Commissioner Ekiti a view to recovering the the commissioner-nominees are fond of sitting on the

Olusegun Samuel inYenagoa

A new Commissioner of Police, CP. Tolani Alausa, has resumed duties at the Bayelsa State Police Command.

Alausa took over on 18 July, 2023, according to a statement signed by the Command’s Spokesman, Asinim Butswat, who described him as a seasoned police officer with vast experience in operations and investigation.

Butswat said: “He has served in various commands and formations

in various capacities. Until his appointment as the Commissioner of Police, Bayelsa State Command, he was the commissioner of police for Administration, Force Headquarters, Abuja.

The command, therefore, solicits the cooperation and partnership of the good and well-meaning people of Bayelsa State to accord the new commissioner of police the necessary support to discharge his duties of maintaining law and order in the state,” the statement said

The Ekiti State House of Assembly has promised to look into circumstances surrounding the takeover and

property.

The Speaker, Rt. Hon. Adeoye Aribasoye, pledged the commitment to

held at the Assembly complex yesterday in Ado Ekiti.

Aribasoye also frowned

vacant seats of legislators in the Assembly promising to henceforth invoke the law to punish the culprits.

Sacked MD of Abuja Market Management Locks Out Successor Olawale Ajimotokan inAbuja

Crisis is brewing at the Abuja Market Management Limited (AMML), one of the revenuegenerating agencies of the Federal Capital Territory Administration (FCTA) after the Managing

Director(MD), Alhaji Abubakar Usman Faruk locked out the acting MD Abbas Yakubu with the backing of the Police.

Although the immediate past FCT Minister, Malam Muhammad Bello, suspended Faruk, the latter obtained a subtle restraining court

order and is allegedly scheming to retain his appointment with the help of some powerful forces.

He premised his ground on the fact that his appointment letter was not tenured and as such he could not be removed unceremoniously from office.

But in a statement signed yesterday by Yakubu, AMML insisted that Faruk had been relieved of his duties as the company’s MD and CEO following a resolution of the company’s shareholders at an Extra-ordinary General Meeting held on July 17.

WEDNESDAY JULY 19, 2023 ˾ T H I S D AY

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NEWSXTRA

ICAN TEAM VISITS ARISE MEDIA GROUP…

L-R: Finance Director, ARISE Media Group, Mr. Nduka Moseri; Group Finance Director, ARISE Media Group, Mr. Peter Iwegbu; Vice President, Institute of Chartered Accountants of Nigeria (ICAN), Chief Davidson Chizuoke Alaribe; ICAN President, Dr. Innocent Iweka Okwuosa; Deputy Managing Director, ARISE News, Mr. Emmanuel Efeni; Second Deputy Vice President, ICAN, Mrs. Queensley Seghosime; Director, Engagement & Guests Liaison, ARISE News, Mr. Joseph Ushigiale, and Deputy Registrar (Technical Services),ICAN, Dr. Ijeoma Anaso, when the ICAN team visited the corporate headquarters of ARISE News in Lagos... recently

Zone 16 AIG Warns Police Officers against Rights Abuse Blessing IbungeinPortHarcourt

The Assistant Inspector General (AIG) of Police, Zone 16, Yenagoa, Mr. Benjamin Okolo, has warned men and officers of the Nigerian Police Force under his command to shun any act of human rights abuses and harassment of civilian.

Okolo urged the officers to treat

people with dignity and respect in order to gain public trust that is needed to achieve success in crime fighting.

He also tasked them on behavioural and attitudinal change in their line of duty.

The AIG gave the charge yesterday during a familiarisation tour of the Rivers State Police

Remi Tinubu Pledges to Boost

Empowerment of Women Kuni Tyessi in Abuja

Fame in Abuja.

The first Lady, Sen. Oluremi Tinubu, on Tuesday, pledged to support the empowerment of women for greater impact in national development.

Tinubu disclosed this during the renaming of the Maryam Babangida National Centre for Women Development (MBNCWD) and induction of first women achievers on the Nigeria Women Hall of

According to her, the legacies left by the late former Head of State, Dr Maryam Babangida ameliorated the sufferings of Nigerian women, especially those in rural areas.

Also, Dr Asabe Vilita-Bashir, Director-General of the centre said the centre was renamed in recognition of her significant contributions and dedication to women’s development.

Command at the police officers’ mess, Port Harcourt.

He advised the officers to maintain synergy with sister agencies in terms of intelligence

sharing and other critical areas, adding that they must uphold justice fairness and protect human dignity at all times.

Okolo said: “As officers of the

Nigerian Police, you must ensure that you uphold justice, fairness and protect human dignity. Our values are to do the right thing.

“We have one, two, three or four

persons who have vowed that the Nigerian Police will continually be painted in bad light. We will not allow that. Ensure that you work within the confines of the rules.

Court Fixes Nov. 14 for Adoption of Addresses in Suit against Ex-Lagos Speaker, Ikuforiji Wale Igbintade Justice Muhammad Lima of the Federal High Court in Lagos yesterday fixed November 14, for the adoption of written addresses in the trial of former Speaker of the Lagos State House of Assembly, Hon. Adeyemi Ikuforiji, over alleged N338.8 million money

laundering.

The Justice Lima adjourned for adoption of written addresses after the defence lawyer tendered the Certified True Copy of court proceedings before Justice Ibrahim Buba in 2014.

At the resumed hearing of the proceedings yesterday, the Defence Counsel, Mr. Dele Adesina (SAN),

called as a witness, the former Chief Accountant of the Lagos State House of Assembly, Mr. Adewale Olatunji, to tender the Certified True Copy of the 2014 proceedings.

The court also admitted as exhibit, Olatunji’s statement made during interrogation with the Economic and Financial Crime

Commission (EFCC).

Olatunji, who was subpoenaed by the court, had earlier testified as the second prosecution witness in the trial.

At the last adjourned date on May 4, 2023, the former speaker during his examination-in-chief, told the court that his trial was politically motivated.

Ogun: Tribunal Dismisses PDP’s Objection on Similarities in Witnesses’ Statements James Sowole in Abeokuta The Governorship Election Petition Tribunal (GEPT) sitting in Abeokuta, capital of Ogun State, yesterday dismissed an objection raised by the Counsel to the Peoples’ Democratic Party (PDP), Mr. Gordy Uche (SAN), that petitioner’s witness should not

be asked to compare his witness statement with those made by other petitioners’ witness that were not authored by the witness.

Counsel to the 1st Respondent (INEC), Dr. Remi Olatubora, had put questions across to a witness called by the PDP, Hon. Aina Adewale, from Sagamu, based on the similarities of his witness

statement with two others, Sowande Seun, from Sagamu and Mr. Ademola Adekunle, from Abeokuta North.

The similarities, according to INEC’s counsel, were word for word and omission for omission, hence, the need to question the witness thoroughly with the aim of ascertaining his veracity and

accuracy.

However, in an objection to the application, the petitioner’s counsel said that the tribunal should not allow his witness to be questioned on documents which he did not author, quoting copiously Section 67 of the Evidence Act and other decided authorities.

BirminghamCityUniversityAppoints Edo PDP Chieftain Decries Cardinal Onaiyekan’s Statement on 2023 Elections David Mba as Vice-Chancellor Adibe Emenyonu in Benin City

Professor David Mba has been appointed as the new Vice-Chancellor of Birmingham City University (BCU), United Kingdom, pledging to put the student experience at the centre of ambitious plans for 2030 and beyond.

Professor Mba , who is currently Deputy Vice-Chancellor, Research, Knowledge Exchange and Enterprise, University of the Arts London (UAL), will take up his new role on October 1, 2023 and will replace Professor

Philip Plowden, who is retiring after six years.

Commenting on his appointment, Professor Mba said: “I am incredibly excited by the opportunity to take on the leadership of BCU at a pivotal moment for the University, as we begin work to define – and then deliver – our significant ambitions for the next decade. BCU has grown hugely in recent years, in a city which itself has been transformed, providing a powerful base from which we can accelerate towards 2030.

A chieftain of the Peoples Democratic Party (PDP) in Edo State, Mr. Charles Idahosa has carpeted the Emeritus Archbishop of Abuja, John Cardinal Onaiyekan on his

description of the 2023 elections as worst in Nigeria’s history.

Cardinal Onaiyekan few days ago reportedly said there have been previous instances of flawed elections but that the flaws in the last elections were unparalleled.

Speaking to journalists in

Benin City, capital of Edo State, Idahosa said the 2023 elections remained one of the best in the country with the kind of upsets it created and new colouration in the National Assembly where not less than eight political parties won seats in the two chambers.

According to Idahosa the position of Onaiyekan was deliberately sponsored by one of the opposition parties ahead of expected ruling by the Presidential Election Tribunal which he said the opposition parties were likely going to lose.

Emerging Security Challenges: Army Moves to Enhance Capacity of Officers Declaring the seminar with the training and retraining of its officers in the country.

Onuminya Innocent in Sokoto In view of emerging security challenges in the country, the Nigerian Army has organised a seminar to enhance the capacity of its officers to confront the challenges.

theme: ‘Capacity Development of Nigerian Army Personnel to Meet Contemporary Security Challenges in a Joint Environment’, open, the Chief of Army Staff (COAS) MajorGeneral Taoreed Lagbaja, said the Nigerian army is committed to

to enable them meet the country’s security challenges.

Represented by Maj-General Aligbe Kelvin, Lagbaja said it is imperative to produce well-trained officers that will effectively confront the prevailing security challenges

COAS further explained that the seminar was in line with his vision of having “a professional army ready to accomplish the assigned mission within a joint environment in the defence of Nigeria.

election to the 10th National Assembly, the Peoples Democratic Party (PDP) Senator representing Adamawa Southern

to meet the yearnings of the less-privilege and the poor in his district.

Yaroe said his renowned

as well as saving lives of the less privileged who cannot afford to pay medical bills in his constituency.

free medical outreach, which was held at the General Hospital in Ganye Local Government Areas of the state.

Former Presidential Adviser, Jumoke Yaroe Embarks on Four-Day Free Medical Outreach in Adamawa Oduwole, Appointed Senior Sen senatorial district, Binoes Dauda and famous health service The senator made the Daji Sani in Yola Yaroe, has embarked on a crusade is aimed at improving disclosure yesterday at the Fellow at Harvard University Just two months after his re- four-day free medical outreach and enhancing the well-being flagging-off ceremony of the The former Special Adviser to the President on Ease of Doing Business, Dr Jumoke Oduwole, has recently been appointed as a Senior Fellow at Harvard University’s Kennedy School of Government in the United States of America.

In a letter conveying the appointment, Richard Zeckhauser, Frank Plumpton Ramsey Professor of Political Economy said Oduwole would be affiliated with the Mossavar-Rahmani Centre for Business and Government from

1 July 2023 through 30 June 2024.

Prof Zechauser noted that Oduwole was subjected to “a rigorous screening process” from a large and strong pool of globally acclaimed high achievers.

“Only a few individuals are invited to be Senior Fellows each year.”

He added: “We believe that you will make a valuable contribution to the Centre, to Harvard Kennedy School, to Harvard more generally, and to effective public policy.”

Abuja Innovative Hub to Collaborate with Govt to Create Million Jobs MichaelOlugbodeinAbuja

An Abuja innovative hub, ECube, has expressed its willingness to work with the Nigerian Government to create over a million jobs in the area of agriculture in the next five years.

The Country Manager and

Managing-Director of ECube, Ilan Lugassy, said his organisation, which is eco-friendly, has planned to support 1,000 communities across the country, as part of the efforts to ensure the success of President Bola Tinubu’s administration in addressing extreme poverty in the country.

Lugassy gave the promise during a webinar on the occasion of the African Youth Leaders Dialogue on Climate Change, which was organised by ECube, a non-governmental organisation, in collaboration with the CMPI and the United Nation in Abuja.

He noted that the innovative hub is currently running a pilot project in Abuja, where it is using solar energy to power all its activities with the intention of making the project national, as it will help to address the Sustainable Development Goals (SDGs).

47

WEDNESDAY, ͹΁˜ ͺ͸ͺͻ ˾ T H I S D AY

WEDNESDAYSPORTS

Group Sports Editor: Duro Ikhazuagbe Email: duro.ikhazuagbe@thisdaylive.com

0811 181 3083 SMS ONLY

Tobi Amusan Consolidates, Wins Gyulai Istvan Memorial in Hungary Ese Brume picks silver in long jump, Enekwechi’s season yet to peak Duro Ikhazuagbe World champion and record holder in women’s 100m hurdles, Tobi Amusan, scorched to her second consecutive win of the season yesterday at the Gyulai Istvan Memorial 2023, a World Athletics Continental Tour Gold in Szekesfehrvar, Hungary.

The petit-Nigerian ‘express train’ cruised to the finish line in 12.35secs to leave American duo of Nia Ali

(12.41) and Alaysha Johnson (12.50) for the second and third positions.

The win for the Nigerian track queen is coming barely days after claiming victory in a meeting record of 12.34 ahead of Kendra Harrison and Nia Ali at the Wanda Diamond League in Chrorzow in Poland.

It was a deserving win for Amusan. She confirmed that her feat in Chorzow was no fluke despite Ali winning the US National

Championships in Eugene in 12.37 and finishing third in 12.38 in Chorzow.

In the 100m event, Julien Alfred got a pound of revenge as she beat Sha’Carri Richardson to second.

Alfred ran a legal 10.89secs to pick the gold while Richardson clocked

10.97. Tamari Davis (11.02) was third.

Nigeria’s other star girl in the long jump, Ese Brume, could only settle for the silver of her specialty event with a 6.69m jump.

Serbia’s Milica Gardasevic jumped 6.80m to take the gold while Hungary’s Petra Banhidi-Farkas

(6.66m) picked the bronze medal.

Brume started her outing at the Gyulai Istvan Memorial 2023 with a 6.68m. The Delta girl then improved to the 6.69m in her second jump.

She had a no jump in her third jump. Her 4th, 5th and final 6th jump failed to meet the 6.6m mark.

She clocked 6.40, 6.54 and 6.47 to settle for the silver.

Nigeria’s shot putter, Chukwuebuka Enekwechi’s slow start to his 2023 outdoor season continued with him placing 9th at the Gyulai Istvan Memorial 2023. His best throw was 20.41m

Nigeria Ready for the World Cup, Says Onome Ebi With 24 hours to the kickoff of the 2023 FIFA Women's World Cup in Australia and New Zealand, Super Falcons’ Captain, Onome Ebi, insisted yesterday that the Nigerian ladies are ready to tale on the rest of the world.

Speaking with CAFOnlineyesterday from the team’s camp in Australia, Ebi, said the tournament starting on Wednesday is another opportunity for Falcons to make a bold statement despite not doing well at the lastWomen’s Africa Cup of Nations in Morocco.

“Our preparation is going on okay and we are focusing on improving on all fronts; from defence to attack.

We are adjusting everything to be ready for the World Cup which is fast approaching. We are focusing on the small details which we don’t want to miss and also, we don’t want to repeat mistakes that we have had in the past,” began the Falcons captain.

The multiple African champions have been drawn in Group B where they will battle out against Canada, Ireland and hosts Australia, and the ambitious Nigerians are slowly folding their sleeves and getting ready to work for a good performance down under.

“Our ambition, definitely, is to do our best. We approach this World

Cup with the mindset of performing to our utmost best and conquering.

We had some disappointments at the last TotalEnergies Women’s Africa Cup of Nations where we did not put the best performance.

“We have the opportunity at the World Cup where we do not want to disappoint again. I have faith in my team and I like our current state of mind. The team is united and I believe we will be able to do great things at the World Cup. We are motivated and we want to hoist Nigeria’s flag to the highest point.

The ball is in our court as players and we have to do everything to be on fire physically and mentally for this opportunity,” stressed Ebi who is one of the oldest players at this edition at 40.

She admitted that having Africa’s top player, Asisat Oshoala, in the Nigerian squad was a great advantage.

“It's a blessing to have her (Oshoala) in this team. She is a great professional and an example for the whole team. Her performance at club level is incredible. “Many people forget that few months ago she was injured and today she is up on the pitch putting up huge performances both in the local league and the Champions League.

“She is one of the best players in the World and speaking to her,

Onome Ebi...believes Super Falcons will do well at the World Cup starting tomorrow in Australia and New Zealand.

Tobi Amusan easily won her 100m hurdles event at the 2023 Gyulai Istvan Memorial Meeting in Szekesfehervar, Hungary...yesterday

Emenalo Intrigued by Audacity of Saudi’s Pro League Project The Saudi Pro League's new Director of Football, Michael Emenalo, is "intrigued by the audacity" of its new acquisition and youth development strategy.

Emenalo will lead a player acquisition centre of excellence to provide a centralised approach to luring more "world-class international players".

The former Chelsea technical director will also assist with "squad mapping".

"I believe this is a role that I've spent the last 45 years preparing for," said the 57-year-old former Super Eagles player.

"I am intrigued by the audacity of the project and the ambition."

The league says it has appointed Emenalo, who oversaw Chelsea's recruitment and restructured the club's academy and scouting system while technical director from 2011 to 2017, to "ensure a dynamic, young yet sustainable future".

High-profile players such as Karim Benzema, N'Golo Kante

StarTimes to Broadcast Manchester United Friendlies Live

Manchester United fans can follow all their pre-season matches and updates live on MUTV channel, the official TV channel of the English club, on StarTimes.

Manchester United fans in Nigeria will be able to watch their team play against Leeds United, Lyon, Arsenal, Wrexham, Real Madrid, Borussia Dortmund, RC Lens and Athletic Club from July 12th to August 6th.

The matches will air on MUTV channel 252. The channel is available

to StarTimes dish users and on StarTimes-ON mobile app.

Lined-up matches include Manchester United vs Lyon at 2pm on July 19, Arsenal vs Manchester United at 10pm on July 22, Manchester United vs Wrexham on July 26, Real Madrid vs Manchester United on July 27, Manchester United vs Borussia Dortmund on July 31, Manchester United vs RC Lens on August 5, among others.

MUTV offers exclusive round-theclock content, featuring first-team

and academy games, live manager’s press conferences, player interviews, award-winning documentaries and news, among others.

“By adding the Manchester United friendlies to our rich football offering, StarTimes aims to satisfy the huge demand of Manchester United fans in Africa and to showcase the quality and performance of one of the most popular teams in the world,” Lazarus Ibeabuchi, PR Manager, StarTimes Nigeria said.

and Ruben Neves have followed Cristiano Ronaldo to Saudi Arabiathis summer, while Steven Gerrardhas been named manager of Al-Ettifaq.

The country's Public Investment Fund (PIF) has also taken over fourof the SPL's leading clubs as the league aims to become one of the top five in the world.

"This project has been in the making for a while," added the former Nigeria defender Emenalo, who was sporting director at French

side Monacofrom 2017 to 2019.

"It's not a spur-of-the-moment decision, it's well thought out. I'm impressed by the knowledge and input that's gone into this.

"The Saudi Pro League offers a new opportunity first and foremost for the entire industry, and I think will create avenues for good competition and for more development of young talent."

The new strategy aligns with the Saudi Arabian Football Federation's

youth programme and aims to "foster young Saudi talent alongside securing the best international talent and improving the governance of all clubs for long-term success".

Among a number of new regulations to be implemented from the 2023-24 season, the SPL will reduce the age of eligibility for Saudi players from 18 years old to 16, and reduce squad sizes from 35 overall to 25 senior players plus 10 under the age of 21, from 2025-26.

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

Aluo, a veteran sports journalist, spoke to NNL Media shortly after the new NNL Board was inaugurated in Abuja, on Monday inside the Conference Room of the Sunday Dankaro Football House, MKO Abiola, National Stadium, Abuja.

"I must thank Mr. President, Ibrahim Gusau in a special way for finding us worthy and capable of being given the mandate to be co-drivers of his vision of taking football in Nigeria, to the next level."

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

unit," the NNL boss said.

He added…"The mandate is for us to run the NNL professionally... make it business oriented and not business as usual. God being our helper, our guiding principle would be to insist on doing things right and differently, at all times."

Aluo then pledged his loyalty and that of his board members to the Nigeria Football Federation; while promising to work very hard to realize the vision of its leadership, under Alhaji Gusau, in birthing a vastly improved and self-sustaining league.

"It is the most important league, and we are willing to make that a practical reality.

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

NNL, Mr. Aluo said the new board under his watch is ready to apply all the necessary measures, with the aim of stemming the era of bad and incompetent refereeing.

“But clubs must also shun the erroneous impression that they must win at home, at all cost, even when it is glaring that they lack quality.

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

NNL Board Members 1. Mr.George Aluo -Chairman 2. Hon.Khamisu Ahmed Mailantarki -Vice Chairman Other members .

3. Mr.Yakubu Sama 4. Mallam Sani Mohammed 5. Dr.Donald Ikpe 6. Chief Joseph Uzoma Ebowusim 7. Chief Dotun Sanusi 8. Mr.Emmanuel Attah -Chief Executive Officer (CEO)

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Wednesday, July 19, 2023

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& RE A SO

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Price: N250

MISSILE Advocacy Group to SSS “The SSS should, as a matter of urgency and natural justice, free Emefiele from its detention, and obey the rule of law. The agency should also stop tainting Tinubu’s rule of law record with illegal detention of Emefiele without evidence to back the frivolous allegation.” – An advocacy group, United for Truth, Integrity and Justice Inc. (UTIJ), expressing disappointment over the detention of former Governor of Central Bank of Nigeria (CBN), Dr Godwin Emefiele, by men of the Department of State Security Services (SSS).

KAYODEKOMOLAFE THE HORIZON

kayode.komolafe@thisdaylive.com

0805 500 1974

For Cash Transfers

I

t is certainly a measure of the gross inequality that defines the unjust Nigerian system that some members of the elite cannot imagine what N8,000 could do in the life of an extremely vulnerable member of the society.

The mental gap between the poorest and the rest of us on the higher steps of the socio-economic ladder is visibly widening. Hence, there is an instinctive distaste for the idea of cash transfer in the public sphere. The idea is dismissed with so much contempt in Nigeria as if no one has ever thought deeply about it.

Yet the critics of cash transfer are dead wrong!

If N8,000 cannot buy you a good lunch, it doesn’t mean that this little amount is meaningless in the life of each of the poorest people.

The subjective distance that exists between classes in the Nigerian society is manifest in the highly obfuscating debate on the plan of the administration of President Bola Tinubu to spend N500 billion on cash transfers.

Doubtless, the programme invariably raises the challenge of policy articulation and implementation on the part of government.

To be sure, cash transfers can only be a marginal component of a properly conceived poverty reduction policy. More structurally located components such as revitalising the economy, the institution of a decent national minimum wage, revamping infrastructure and boosting investment in the social sector (education, universal healthcare, social housing, mass transit etc.) are, of course, imperative before a government can seriously talk of poverty reduction.

Cash transfers could be conditional or unconditional. In some countries poor people in rural areas and urban slums have been mobilised by governments by making enrolment of children in primary schools or vaccination of infants a condition for access to cash transfer. On the contrary, the unconditional transfer is accessible to all those who have been methodically classified as the most vulnerable. The appropriate option for Nigeria in the present socio-economic situation is the unconditional transfer. By definition, it is not even all the poor people that would be qualified for unconditional transfers because of the obvious limited resources.

It is the most materially vulnerable people who need cash transfers from the N500 billion. Here we are talking of those who do not even have N5,000 to spend in months, regardless of whatever the statisticians call the rate of inflation. In this socio-economic regime, a worker earning below the national minimum wage is not even qualified for cash transfer because he is at least earning “something” as they say in the streets. So anyone who is a member of a union affiliated to the NLC, much less, the TUC is not in the category of the most vulnerable persons envisaged as the beneficiaries of cash transfers. The Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) should, therefore, examine the concept of cash transfers more carefully before joining the chorus of those who reject it on elitist grounds.

The same criterion applies to a woman frying akara by the road side or an apprentice artisan. In fact, those who are established to be dependants of those who could at least pay the bills may not also be qualified for cash transfers. Cash transfers are for those already excluded by the system and are, therefore, not economic agents at all.

For some technocrats , cash transfer is an utterly senseless thing to do. The experts tell us that N500 billion could be used to buy buses to be distributed to all states or set up cottage industries for job creation. The economically sensible things that could be done with N500 billion are indeed legion.

However, the irony of the Nigeria’s political economy

President Bola Ahmed Tinubu is that at the micro level, those who are opposed to cash transfers receive calls and text messages from known and unknown persons asking them for “financial assistance.” More often than not, the humanity in the givers would compel them to give money to the people desperately in need.

Those in need of money are not in the mood to receive lessons on “sensible economic programmes.”

They want to receive cash. Now, the government programme of cash transfer is just an enlargement (in a structured manner) of what is being done daily on individual basis.

Nigeria is not inventing anything new by embarking on cash transfers to the poorest persons in the present dire economic circumstances. The programme has been evaluated favourably in countries such as Tanzania, Indonesia and Chile.

With a proper social register and structured mechanism for implementation cash transfers could be done successfully in Nigeria too. The debate about the usefulness of cash transfers is not new.

It came up during the administration of President Muhammadu Buhari. About this time seven years ago, this reporter made a similar case on this page to the one being made today for cash transfers as a small element of poverty reduction. On that occasion the attention of government was drawn to the universally acclaimed success story of the cash transfer programme brilliantly executed by the government of President Lula da Silva in Brazil.

The suggestions made to the Buhari administration then could also be made to the Tinubu government today.

All you need to do is to mentally substitute the name Tinubu for Buhari as you read the piece.

Below are excerpts from the column entitled “What Buhari can Borrow from Lula” published on May 9, 2016: “As the Buhari administration grapples with the

challenges of economic management there is the urgent need to explode some myths surrounding policymaking. Policies do not serve all class interests equally; that is why there are trade-offs. President Muhammadu Buhari has to choose what should be the trade-offs of his policies. Given the import of his ascension to power, the President’s policies must be deliberately in favour of the poor who are in the majority. The rich can take care of themselves.

But the poor, especially the most vulnerable, would require state intervention to survive in the present economic climate.

“Economic problems do not mean the same thing to all classes of people. For the very rich it may mean inability to acquire another private jet; but for the very poor it may mean uncertainty about their next meal today. If Buhari makes the choice of focusing on poverty reduction and tackling inequality he would be acting genuinely democratic. Here we are not talking of liberal democracy that the Nigerian elite is enamoured with, but social democracy, which legitimises socio-economic rights of the citizens.

“Policymakers are not saying anything new when they lecture us ad nauseam about diversification of the economy, revamping infrastructure, industrial development, shifting emphasis to agriculture for the purpose of food security and job-creation and other things in their worn-out rhetoric. There is hardly any fresh idea on the table anymore. “In at least the last 40 years, there has been no period that a government (with the technocrats influencing policies) has not fed the poor with this rhetorical diet.

“You would find the diet in the budget speeches, the Structural Adjustment Programme (SAP), the various programmes endorsed by the World Bank and the International Monetary Fund (IMF), Vision 2010, the National and Economic Empowerment Development Strategy (NEEDS) and several other documents. In fact, before the neo-liberals took over the centre stage of policy to the peril of Nigeria, the better structured Development Plans of the 1960s and early 1970s were more visionary and programmatic in articulating these policies.

“The only new thing that can happen is to implement the myriad policy prescriptions. “Buhari should ask his advisers to come up with a solid anti-poverty agenda. That is the only new menu that can come from the policy kitchen in Nigeria today.

“Globally, poverty and inequality are issues at the centre of policy discourse; but in Nigeria all you hear is about projects and award of contracts without relating them to how it solves the urgent question of poverty and inequality.

“For instance, the important magazine of the American Council on Foreign Relations, ‘Foreign Affairs,’ devoted its January/February 2016 edition to ‘Inequality: What Causes It; Why It Matters; What Can Be Done.’ In searching for what is to be done, the Managing Editor of the journal, Jonathan Tepperman, discussed ‘Brazil’s Anti-poverty Breakthrough’ in a very illuminating chapter.

“It is an analysis of the stupendous success story of conditional cash transfer called Bolsa Familia (Family Grant) in Brazil. The programme has moved over 55 million persons out poverty and has reduced inequality by honestly integrating the poor into the economy. This feat was performed by the administration of President Luiz Inácio Lula da Silva, a labour leader, who won election

“If N8,000 cannot buy you a good lunch, it doesn’t mean that this little amount is meaningless in the life of each of the poorest people”

at the fourth attempt. During the campaign in the 2002 presidential election, Lula promised radical anti-poverty programmes.

“The experts at home and abroad became jittery and scoffed at the promised experiments. For instance, Goldman Sachs reportedly began to warn investors of risks in Brazil in a ‘Lulameter’ in case Lula won the election. Lula won. He experimented with the cash transfer, which has gone down in history as the biggest and most successful cash transfer among over 40 countries that have implemented the policy.

“Reflecting on the prospects and challenges of implementing the programme later, Lula reportedly said: ‘When millions can go to the supermarket to buy milk, to buy bread, the economy will work better. The miserable will become consumers.’ Our own experts and technocrats who scorn the idea of cash transfers cannot imagine that many families especially in remote rural areas are effectively outside the economy, while they are celebrating its credit rating and brandishing its size and jobless growth rates.

“The extremely poor are just incapable of effective demand. In fact, as reported by Tepperman in ‘Foreign Affairs,’ Lula put the matter more graphically like this: ‘It sometimes bothers my educated friends when I say this… but the number one teacher in my life was a woman who was born and died illiterate: my mother. With all due respect to experts and academics, they know very little about the poor. They know a lot about statistics, but that’s different, isn’t it? To an intellectual, putting $50 in the hands of a poor person is charity; an academic has no idea what a poor person can do with it. But that’s because at university, they don’t teach you how to care for the poor. And it’s because most experts have never experienced what the poor go through every day. They’ve never had to go to work without breakfast. They’ve never lived in a flooded house, or had to wait three hours at a bus stop. To experts, a social problem like inequality is only numbers.’

“Lula does not claim to be an expert or a technocrat, but the cash transfer programme he fought for politically has been described by a political scientist as ‘the single largest ten-year change to a country’s class structure since Japan after World War II.’ And at least 63 countries have reportedly sent their own experts to Brazil to see how Lula did it.

So it is not enough to dismiss the programme as mere hand-outs to the poor. And by the way, the elite should learn to answer the pointed poverty question by at least respecting the dignity of the human person of the poor.

“The context might be different, but the Brazilian experiment is replete with useful lessons for Nigeria.

Take a sample. Sceptics say cash transfer will be unworkable in Nigeria because of the lack of capacity for implementation, corruption and politicisation.

“Now, hear Lula’s reported answer to these legitimate worries in the Brazilian context: ‘Part of the reason Bolsa Família has been so successful is because the money is paid directly, with no intermediary.

It is the beneficiary who goes to the bank with a plastic card to withdraw the money. So this person doesn’t owe any favours to the president, to their governor, to their congressman, or to their mayor.’

“So the challenges of lack of technical capacity, corruption and politicisation in implementing any anti-poverty programme are actually surmountable.

That is the basic lesson from Brazil.”

All told, the purpose of governance in respect of this programme is to confront the legitimate issues raised by critics so as to remove the obstacles to successful implementation of a cash transfer programme. The way to go is not to dodge the programme because of the envisaged problems.

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