UN Report Exposes Secret Programme for Repentant Terrorists Intelligence agencies probe authenticity of recent surrender of 1, 200 insurgents How they’re given houses, paid monthly stipends Kingsley Nwezeh has detailed a secret government Haram and the Islamic State for livelihood. recent surrender of over 1,200 learnt, seeks to ascertain whether in Abuja with agency reports programme tagged, Suhlu, West African Province (ISWAP) The development is coming terrorists and their families in the surrender was genuine or a designed to pull commanders of out of the forests, rehabilitate them as intelligence agencies have the last three weeks. ploy to activate and coordinate A United Nations (UN) publication terrorists groups, including Boko and provide them a means of begun investigation into the The investigation, THISDAY Continued on page 56

Court Judgement: FIRS Insists on Collecting VAT, Warns Taxpayers against Default...Page 10

Monday 23 August, 2021 Vol 26. No 9632. Price: N250

www.thisdaylive.com T RU N TH & REASO ADVERTISEMENT AMCON Gives Court Undertaking on NICON –Record of Court proceedings What appears to this Court very disturbing is the contention that while the suits depicted in exhibits A, B, B1, D and D1 (i.e. suits in different Courts of record including the Federal High Court), the Defendants can still go ahead to disregard those Court processes and proceed to take actions that would have the effect of destroying the outcome of the various suits pending... –Court

52 2 MONDAY AUGUST 23, 2021 •THISDAY MONDAY AUGUST 23, 2021 • THISDAY 3 4 MONDAY AUGUST 23, 2021 •THISDAY MONDAY AUGUST 23, 2021 • THISDAY 5 6 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY

Group News Editor: Goddy Egene Email: [email protected], 0803 350 6821, 0809 7777 322 NEWS Sukuk: FG Borrowed N350bn in Three Years for Road Projects, Says Jaiz Bank Backs CBN’s move against BDCs James Emejo in Abuja that the federal government road projects across the country. has been able to expand credit groups and those at the bottom of governor of the central bank and utilised Islamic financing instru- Speaking on Arise News to the real sector of the economy, the pyramid to deepen financial the bankers' committee." The Managing Director/Chief ments, particularly the Sukuk, Channel, a sister broadcast arm financing Small and Medium inclusion. He said further, "They tried to , Jaiz Bank Plc, Mr. to raise over N350 billion within of THISDAY over the weekend, Enterprises (SMEs) as well as Also, commenting on the do almost everything that is pos- Hassan Usman, has disclosed the past three years to execute Usman also said that the bank working with women, vulnerable recent decision by the Central sible to support the community Bank of (CBN) to and the government to deliver work with commercial banks whether it is social services or rather than Bureau De Change some national issues to intervene operators in administering foreign where necessary. exchange to customers, the Jaiz "And this is also a case where Bank boss said the banks have the bankers' committee has taken the traditional mandate to engage this assignment very seriously in forex transaction. not only to ensure that foreign He pointed out however, exchange is available to custom- that the apex bank in a bid to ers but also to strengthen the bring forex services closer to system so that those who are customers decided to use the gaming this system would be BDCs, a privilege which he said, checked out and be dealt with. had been abused by the latter. "And so that the nation will be On the growing appeal for better for it because few people ethical financing option, he should not be gaming our system said, "This mode of financing and making policy strategies of for public expenditure means the fiscal and monetary authori- you cannot divert the resources, ties impossible." you cannot use the monies raised He stressed that Islamic except for that which you have financing tends to be more intended. So it gives credence to involving and therefore ensures the utilisation and also ensure that extra disciple in the utilisation of this resources are earmarked for resources to guarantee delivery. specific developmental projects." He said the financing instru- He said, "Now if you look ment also further creates the right the other side where you are environment for Public-Private looking at the SMEs, Islamic Partnerships where the private finance tends to be more risk sector using Islamic banking bearing and sharing with the products could work with the SMEs and so encouraging this government to develop long type of financing or banking term infrastructure as the profit means that the SMEs sector can sharing arrangement allows that grow with the support of this to happen. type of financing which shares He added that since 2012 risks and reward of whatever when the bank started opera- business is done." tions, it has been able to grow Usman, while backing the its activities around financing CBN's decision to engage the real sector of the economy as the deposit money banks to well as financing and nurturing undertake foreign exchange new companies and industries transactions going forward, amidst the challenging business said, "As you know, traditionally, environment. it's the banks' job to provide all He said, "Rather than a loan, of these anyway but in other we give them equity and share to bring this very close to the in their profits and the downside, customer that's why the central if it happens, we also are ready bank was using the Bureau De to do that by controlling the risk change. environment and ensuring that "But as you know, this process people do not take advantage had been abused and it's becom- of that product with the type ing a very huge hole for leakages of discipline through the group in the system. I think that the arrangement." banks, if you watched over the The Jaiz Bank MD attributed last couple of years have been the company's recent positive trying to be very responsible and financial performances to its very conscious of the need of the commitment to customer base nation and banks have come to to create value and, "share that OBASANJO PAYS HOMAGE TO OLU OF WARRI… participate in every issue and value between us with very high Former President Olusegun Obasanjo (left) paying homage to newly-installed Olu of Warri, Utienyinoritsetsola Emiko, Ogiame Atuwatse lll, at every situation that requires our level of equity around it and Ode Itsekiri, the ancestral home of Iwere people in Warri, Delta State... yesterday help under the leadership of the that makes them to patronise the organisation the more." He said, "We've also tried to consolidate and expand to cover many areas of the commercial Obasanjo, Okowa, Ibori, Others Attend centers in Nigeria in addition to the fact that with the introduc- tion of the Sukuk, our treasury function has improved because Olu of Warri’s Coronation Thanksgiving if you know that for more than six years of our life as a bank, Former president: I’ve seen the installation of three Itsekiri monarchs, I don’t pray to see a fourth one we didn't have instruments to invest our surplus liquidity into Sylvester Idowu in Warri crowned as the 21st Olu of Warri the happiest on your installation whatever situation you may and I know that it will be well until the Sukuk came in 2017." on Saturday at Ode-Itsekiri, the because God has specially find yourself and God will with the Itsekiri people. He said through a number of Former President Olusegun ancestral home of the Itsekiri, in favoured me to see three Olus surely make a way for you,” “You have a lot of work to initiatives, the bank had been Obasanjo and Governor Ifeanyi Warri South Local Government and I don’t pray to see a fourth Obasanjo stated. do, not just in Itsekiri nation, but able to grow profits at over 50 Okowa of Delta State yesterday Area of Delta State. one. Okowa, in his remarks, also in the entire nation. per cent annually as well as the led the pack of dignitaries Speaking at the church event, “I want to emphasise that congratulated the new Olu “On behalf of the government size of the organisation which that attended the coronation Obasanjo charged the Itsekiri the position you occupy today on his successful coronation, and people of Delta, we had grown at over 30 per cent thanksgiving of His Royal Majesty, monarch to work for the unity is given to you by God, but with describing him as a man of congratulate you and the Itsekiri within the last three to four years. Ogiame Atuwatse III. of his kingdom and Nigeria as your own people surrounding peace. The governor urged the people on your successful The Managing Director further Other top dignitaries at the a whole. you, and you must always monarch to work for the unity coronation. stated that the bank grew its church thanksgiving held at the The former president said he remember that. of the Iwere nation. “We know that your reign will balance sheet by about 40 per Olu of Warri Palace were former was highly favoured to see the “If God has given you a role Okowa said, “I congratulate truly bring peace and development cent in 2020 while its risk assets/ Delta State governors, Chief crowning of three Olus, stating, to perform you will be offending you because I know that you are and I believe the Lord God has James Ibori and Dr Emmanuel however, that he never wishes God if you fail to perform that a man of peace and I know that prepared you for a time like this financing also increased by 54 Uduaghan; former President, or prays to see the installation task.” the Lord God has chosen you to and may the presence of God be per cent while customer deposits Christian Association of Nigeria of another Olu of Warri. The former president said the ascend the throne at this time. It with you on this throne.” also grew by about 40 per cent. (CAN), Pastor Ayo Oritsejafor; He prayed for the new title of Majesty carried a lot of is a time for healing and a time Guest Speaker, Apostle Tomi He added that despite the Deputy Governor of Delta State monarch, saying his reign would responsibilities, stressing that the for your Majesty to ensure that Arayomi, said God ordained the adverse impact of the COVID-19 Kingsley Otuaro; and Speaker, be long and peaceful, as well monarch has started well and the kingdom comes together. king to rule at this time, and God pandemic, the bank experienced Delta State House of Assembly, as bring unity and prosperity would lead the Itsekiri people “I know that some people can was willing to partner with people a relatively successful year add- Rt. Hon. Sheriff Oborevwori. to Itsekiriland. to a new dawn. be very stubborn, but I urge you who were willing to partner with ing that this positive trend had Ogiame Atuwatse III was Obasanjo stated, “I am one of “Be very close to God in to extend the olive branch to them the spirit of God. persisted. MONDAY AUGUST 23, 2021 • THISDAY 7 8 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY NEWS

WE FEEL YOUR PAIN... L-R: State Governor, Mr Babajide Sanwo-Olu; his counterpart, Prince Dapo Abiodun and Chairman, Nigerian Governors' Forum/Ekiti State Governor, Dr. Kayode Fayemi, during a condolence visit to the Abioduns on the demise of their patriarch, Dr. Emmanuel Abiodun, at their family house in Iperu, Ogun State... yesterday PIA: It’s No Use Crying Over Spilled Milk, Ndoma-Egba Tells South-south Leaders Bassey Inyang in Calabar the National Assembly members some say it should have been for in the bill, then it is a clear of politics. The people of the bill was passed, then President for blame. He said it was the three, five or 10 per cent maybe. evidence of the failure of region are crying over spilled Olusegun Obasanjo withheld his Former Leader of the Senate, stakeholders and political class of I am saying that if the host politics in the region because milk. Steps ought to have been assent to the bill, but the National Victor Ndoma-Egba, has told the region that failed the people. communities actually wanted for a sensitive issue like that taken long before now to engage Assembly overrode the president political leaders, stakeholders, Ndoma-Egba, who was Leader a figure higher than three per there usually ought to have one another to ensure that their and passed it into law. and communities in the of the Seventh Senate and one- cent, there should have been been a high level stakeholders’ interest were protected but I did “But, that could happen South-south that there is no time Chairman of the Board of some stakeholders’ engagement engagement with the governors, not see such engagement." because the lawmakers engaged point bemoaning the recently the Development prior to the passage of the bill National Assembly members, Ndoma-Egba also said, "You stakeholders from every part enacted Industry Act Commission (NDDC), said between stakeholders of the traditional rulers, major players cannot just make scapegoat of of the country and that is how (PIA) 2021. the signing of the Petroleum region and their legislators in in the region, and experts from the National Assembly, every politics is played. The governors The new petroleum law, Industry Bill into law by President the National Assembly. that region on how to proceed. leader of the region should share then were involved but I did which allocated a paltry three could be “If the stakeholders are “I saw no evidence of that in the blame. not see that kind of serious per cent of petroleum proceeds viewed as a major step towards dissatisfied with the three per kind of engagement, so it is “In an example during my stay engagement by stakeholders to oil bearing communities in the attaining fiscal federalism in the cent that has been provided just the question of the failure in the senate, when the NDDC of the region this time around." South-south, has been rejected country. by the people. The former senate leader But Ndoma-Egba said it was stated, "For me, the issue is what the failure of stakeholders in the should be our final destination in region to present a common our federalism and that is fiscal NNPC Ventures, Shipping, Refineries, Lead political front and goals that federalism in which every state robbed them the opportunity should be in position to control to get a better bargain. her resources. That should be in Corporation's N56.1bn Loss in April Speaking in an interview aired our ultimate decision. by a local radio station in Calabar, "But, before we get there, , 92.3 Sparkling we are looking at incremental Oil records longest deficit run since 2019 FM, at the weekend, Ndoma-Egba improvement in our situation. Emmanuel Addeh in Abuja respectively, just as the shipping posted gains for the month under lower, tumbling for a seventh day said it was wrong to single out I have heard the arguments, arm of the NNPC business recorded review. and extending the week’s decline Seven subsidiaries and business units a deficit of N1.123 billion during Although the deficit recorded by to 8.9 per cent. of the Nigerian National Petroleum the month. the NNPC corporate headquarters The losses recorded during the Corporation (NNPC) contributed a In the same vein, NNPC ventures remained unexplained, it was an week were on the back of the COVID-19: Obaseki Flags off cumulative N56.177 billion to the posted a loss of N4.684 billion while increase on the loss by the cost COVID-19 pandemic which remains 's total losses in IDSL recorded N2.120 billion losses centre, which was N21.822 in the a threat to energy demand, especially April this year, latest financial and in the month under review. previous month of March. across Asia, with key importer Second Phase Vaccination Today operations data from the corporation NNPC Ventures is responsible As the main operational centre restricting mobility to combat a recent The Edo State Governor, Mr. more residents take the vaccines have indicated. for consolidating existing and new for the country’s oil operations, outbreak. Godwin Obaseki, will today, to protect them from COVID-19. A THISDAY review of the businesses across diverse industries NNPC headquarters generated The falling price of the commodity Monday, August 23, 2021, flag “All is set for the rollout of information released by the NNPC for the NNPC with a mandate to no real revenue. It was also not may also force the Organisation of off the second phase coronavirus the vaccines to all communities showed that the seven subsidiaries incubate new investments as well as clear if the corporation’s staff Petroleum Exporting Countries (COVID-19) vaccination exercise across the 18 local government and units that posted losses included nurture the subsidiaries into viable costs, administrative expenses, (OPEC) and its allies to consider to inoculate more Edo citizens areas in the state, as the the NNPC Ventures, the Integrated long-term businesses that provide or support function it renders to halting their next planned production against the deadly virus. government is committed to Data Services Limited (IDSL), the "best-in-class" services. its subsidiaries are incorporated increase during its coming September The flag-off for the rollout ensuring the health and safety Corporate Headquarters (CHQ), The IDSL is a subsidiary of the into the headquarters' overheads, 1 meeting. of the vaccines follows the of residents. and the NNPC Shipping. NNPC established in 1988 that as it usually does not give such The pandemic continues to successful delivery of 76,712 "We charge all those, who took As expected, the Kaduna Refinery provides breakdowns in its reports. disrupt plans to restart economic doses of COVID-19 vaccines the first dose of the vaccine to and Petrochemical Company services in the local and international But the report noted that NNPC G activities, impeding mobility and at the weekend. They include make themselves available for the (KRPC), the Port Harcourt Refining oil and gas industry, including the as and Power Investment Company demand for fuels from Australia, 65,016 doses of Moderna and booster dose, meant to provide Company (PHRC) as well as provision of geophysical, geological, (GPIC) set up in 2016 to promote which has extended Sydney’s two- 11,696 doses of AstraZeneca full protection against the virus. Warri Refining and Petrochemical reservoir engineering and data gas utilisation, as a cleaner fuel month long lockdown to the United vaccines. “We are also calling on Company (WRPC) also recorded storage and management services. is currently “consolidated and States, where more companies have Speaking to journalists, Health everyone, who is yet to be various losses during the month Similarly, NNPC Shipping reported,” under the corporate announced plans to keep workers Educator, Edo State Primary vaccinated to come out and get under consideration. participates in the marine headquarters operations. at home as the virus spreads. Healthcare Development Agency the vaccines as they are safe, A breakdown of the losses transportation of crude oil and The Group Managing Director Nigeria’s oil , Brent (ESPHDA), Mrs. Irene Uabor, free and effective. for the month indicated that the petroleum products along the deep of the corporation, Mallam Mele crude has also continued its charged residents to complement “Vaccination is very important headquarters had the largest share sea, coastal and inland waterways; Kyari, had repeatedly assured that downslide as it fell below $65 a government’s effort at containing in the war against this common of N30.448 billion with expenses including ship management and it would declare dividends to its barrel for the first time since May. the pandemic by coming out enemy of mankind. We charge gulping N30.473 billion, while it marine supplies. shareholders, namely the federal, WTI for September delivery fell and getting vaccinated against you to visit the nearest vaccination generated a paltry sum of N25 However, the NNPC report state and local governments by the $1.37 on the last day of trading, to the virus. points in event centers, churches, million. showed that the Nigerian Petroleum year-end. settle at US$62.32 a barrel as Brent According to her, “Governor mosques, banks, markets, private Whereas the three refineries, Development Company (NPDC), Meanwhile, crude oil closed for October settlement declined Godwin Obaseki will tomorrow hospitals, parks, schools, primary namely KPRC, PHRC and WRPC, National Engineering and Technical last week with the longest losing US$1.27 to end the session at (today), Monday, August 23, healthcare centres, government which have not been operational for Company Limited (NETCO), streak since 2019, with West Texas $65.18 a barrel, down for a seventh 2021, flag-off the second phase hospitals, among others, to take years, recorded expenses of N6.569 Nigerian Gas Company (NGC) as Intermediate (WTI) futures ending day, its longest run of losses since vaccination exercise to enable your shots,” she charged. billion, N6.369 billion and N4.829 well as its retail unit and Duke Oil the weekend’s session 2.2 per cent February 2018. MONDAY AUGUST 23, 2021 • THISDAY 9 10 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY NEWS

YUSUF, WIFE ZAHRA HOST DIGNITARIES TO LUNCH... L-R: Chief of Staff to the President, Professor. Ibrahim Gambari; Senate President; Dr. Ahmed Lawan, Emir of Bichi, Nasiru Ado Bayero; newly married couple, Mr.& Mrs Yusuf and Zahra Buhari; President Muhammadu Buhari; Vice President, SAN; Mallam Mamman Daura; and Secretary to Government of the Federation, Boss Mustapha, at a Luncheon hosted by the couple to conclude their wedding ceremony in Abuja...yesterday. PHOTO: STATE HOUSE FIRS Insists on Collecting VAT, Warns Taxpayers against Default Ndubuisi Francis in Abuja the Director, Communications Federal High Court Port Harcourt general public that, before the of the appeal. Court and that the Federal High and Liaison Department, FIRS, Division on August 9, 2021 in above-mentioned steps taken by “All parties to the suit are Court is yet to deliver a ruling The Federal Inland Revenue Abdullahi Ismaila Ahmad said the Suit No: CS/149/2020. the Government of , aware that both applications on FIRS’s applications for stay Service (FIRS) has directed attention of the Service had been It added: "The suit was about the FIRS had lodged an appeal were heard on the 19th and 20th of execution and injunction, taxpayers in the country to drawn to the trending report that who has the constitutional duty against the above judgment and August 2021, and are awaiting members of the public are advised continue to pay their Value Added on August 19, 2021, the Rivers for the collection of VAT and had also filed an application for the decision of the Court. to continue to comply with their Tax (VAT) to it or risk penalties State government took steps to Personal income tax in Rivers stay of execution on the judgment “Given that the Court of Appeal Value Added Tax obligations until for failing to do so. enact a VAT Law for the state State. as well asking the Court for an is yet to rule on the Appeal from the matter is resolved by the The FIRS said it decided to following the Judgment of the “We wish to inform the injunction pending determination the judgement of Federal High appellate courts," the FIRS said. issue the directive following numerous enquiries in view of a recent court ruling obtained by Rivers State at a Federal High Court, Port Harcourt, that states, Buhari's Son, Yusuf, Wife, Host Dignitaries to Post-wedding Luncheon and not the federal government, Deji Elumoye in Abuja and his wife which commenced luncheon for yet another crowd President, Dolapo Osinbajo; Dave Umahi. are constitutionally empowered on Friday. of dignitaries, including some of Senate President, Senator The Group Managing-Director to collect VAT. Yusuf Buhari and his wife, Zahra, Yusuf had taken Zahra, those who attended the initial ; Secretary to the of the Nigerian National The FIRS, in a statement titled, yesterday hosted dignitaries that daughter of the Emir of Bichi, wedding ceremony in Bichi. Government of the Federation Petroleum Corporation (NNPC), “Rivers Judgment: FIRS Urges included President Muhammadu Nasiru Ado Bayero, as wife at Although there was no official (SGF), Mr. Boss Mustapha; Chief Mele Kyari, was also not left out Taxpayers to Continue to Pay Buhari; his wife, Aisha Buhari, an elaborate ceremony in Bichi, statement as at the time of filing of Staff to the President, Professor Other invitees included former VAT,” argued that since it had and Vice President Yemi Osinbajo, , Friday, playing host this report, pictures from the Ibrahim Gambari; and father of First Ladies: Dame Patience already appealed the Rivers to a post-wedding luncheon in to a huge crowd of dignitaries, State House Media Department the bride, Emir of Bichi, Nasiru Jonathan; Hajiya Turai Yar'Adua; judgment seeking a stay of Abuja. including President Buhari, the revealed that the grand occasion Ado Bayero. Hajiya Maryam Abacha; First execution order, the status quo The colourful event, held at Vice President, governors, other had many dignitaries, including Governors in attendance Lady of Niger Republic, Hadiza ante subsists on the VAT collection the Old Banquet Hall of the politicians and business moguls wives of foreign heads of state included those of Imo, Hope Ben Mabrouk; First Lady of authority, hence taxpayers should State House, was the concluding from within and outside the in attendance. Uzodinma; Kebbi, Atiku Bagudu; Guinea Bissau, Dinisia Reis continue to pay their VAT to it. part of the marriage ceremony country. The guests at the luncheon Kogi, Yahaya Bello; Plateau, Embalo; wives of state governors, The statement issued by between the son of the president On Sunday, the couple held a included wife of the Vice Simon Lalong; and Ebonyi, among other VIPs. Lagos Insists on Reviewed Fees Fayemi, Sanwo-Olu, Mua'zu for Boarding Model Colleges Eulogise Abiodun's Late Father Ministry of Education maintenance services analysis education and the purpose of the The Chairman, Nigeria Governors' fought good fights, won many that he was a father of all and a has appealed to some parents showed that N125, 000 would establishment of Model Colleges Forum and Governor of Ekiti battles and he did his own on good teacher to those who had of Model College students to be required to keep a student and Upgraded Schools. State, Dr. Kayode Fayemi, his mother earth before transiting to the privilege of being his students. accept the upward review of in a Model College with 80% She spoke extensively on Lagos State counterpart, Babajide God's bossom, and for that, we "I am not here to share the the boarding fees, because it of the cost to be expended on the major interventions and Sanwo-Olu and former governor have every reason to celebrate him. sadness or mourn about the death was in the overall interest of meals. infrastructure upgrade in public of , Adamu Mua'zu, "He taught many people, who of Baba. I am here to celebrate his the students. The resolve to peg the boarding schools by the government, have described the late father of have become champions in their death because his life is worthy of Commissioner for Education, fees at N50,000 per term was noting that, not less than 1,097 the Ogun State governor, Dapo chosen fields. We thank God for emulation. He lived his life to the Mrs. Folasade Adefisayo made premised on the understanding projects have been executed Abiodun, as a man who lived the life of excellence, service and fullest and part of what he had the plea while addressing the that the state government would in 970 schools; 87,000 units of an excellent and a sacrificial life. sacrifice," Fayemi stated. done is to raise this young and concern of some parents on the bear N75,000 subsidy per child; dual composite furniture for 775 They also submitted that Pa He said though nobody, no dynamic man God has chosen review of the fees for boarding while the School would receive primary and secondary schools Emmanuel Abiodun used the matter how old, would cherish to be the governor despite all the students in the 32 Model Colleges subventions per term to cater and other facilities have been teaching profession to produce the departure of a loved one, the obstacles," Mua'zu said. across the State from the 25,000 for the expected gaps. provided. champions for the country. fact that Pa Abiodun left a legacy While urging the governor and charged per term at N79.30k per According to the commissioner, There were also rehabilitation The trio gave this tributes in called for celebration. his family to be happy because meal for a student in the past feeding a child at N73.30k per and new classrooms and their separate remarks, when they He, therefore, urged the people his father lived an impactful life, 18years. Many parents have meal was not healthy for growth hostels, security infrastructure, paid condolence visits to Abiodun to reflect on their lives on what Muazu charged Abiodun to work shown understanding in the hence the government could not investment in technology for on the demise of his father at the would be said of them after harder as he was chosen by God matter. be running a boarding system students, institutionalisation of Iperu-Remo Family House of the their departure. Sanwo-Olu too to work for the people. The Ministry had meetings and with same amount that has been a maintenance plan for schools governor, on Sunday. noted that Pa Abiodun was a role Abiodun, who responded engagements with the parents’ in place for over 18 years. and increase in school running Fayemi noted that Pa Emmanuel model, a disciplinarian, who used on behalf of the family, said his fora of the model colleges and It is worthy of mention cost, among others. Abiodun played important part his teaching profession to impact father was a great teacher, who upgraded schools, where reasons that the government runs a The commissioner, therefore, in the education development in positively on the lives of so many used the teaching profession to for the review were “clearly and free education policy, pays all pleaded for understanding the Western Region and Ekiti State people. reshape the society by producing unambiguously” stated. public school students’ external from parents, stressing that in particular, as a teacher at the He said that though he was no eminent personalities, who have It was agreed that the review examinations fees, provides and government’s decision was to Christ School, Ado-Ekiti, describing more, it was imperative for those been making positive impact in of the fees became necessary due maintains infrastructure while give the students a better life the deceased as a thorough bred he left behind to appreciate God the country. to economic realities viz-a-viz parents of Model College students while in school. teaching professional, who tutored for what He used the deceased to He expressed his gratitude to the current cost of food stuff, are only levied for the students’ Her words: “We did not come people to become champions in achieve, declaring: "Pa Abiodun God for granting him the grace provision of energy, medical care feeding and maintenance. up with this cost randomly, their chosen fields of endeavours. lived a good life and his memories to survive his father, whom he and general school maintenance. Adefisayo, however, said the but it took a lot of thinking, "When we look back to what will linger for a long time". noted was a humble and dedicated The commissioner hinted government would continue brainstorming and economic Baba achieved in his life time, On his part, Mua'zu, described family man that contributed his that as at June 2021, the market to subsidise the boarding analyses, with the aim of giving we cannot be sad, no reason to the deceased as a man, who modest quota to the development cost of commodities and school fees to improve the quality of the children comfort.” be sad. We are thankful to God did his best for the people, his of not only his immediate family, that he lived well, served well and environment and beyond, adding but his community. MONDAY AUGUST 23, 2021 • THISDAY 11 12 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY NEWS Bandits Release 15 Kaduna Baptist Students, 63 Others Still in Captivity Gunmen Kill another 9 in Ma-Dooh community John Shiklam in Kaduna to release all of them. He expressed gratitude to God of them escaped. That is why the themselves against onslaught from “The assailants fled on sighting However, a total of 15 of the for the release of the children, figures did not tally with what the security operatives. the troops. Nine corpses have Bandits, yesterday, released 15 students escaped from captivity in adding that he was hopeful we earlier told you earlier.” Meanwhile, on the fresh attack been recovered so far following students of the Bethel Baptist High various batches at different times. that God would bring out the He declined to comment on on. Ma-Dooh, the a search of the village,” he said. School, Damishi, Kaduna, while The bandits were said to have remaining 63 students. how much ransom was paid, Commissioner for Internal Security The commissioner listed those still keeping with them, 63 other collected the money but reneged “We have just gathered today saying the bandits asked for and Home Affairs, Samuel Aru- killed as Moses Dangana, Mary victims. on their promise to release all to give thanks to the Almighty something. wan, disclosed this in a statement Dangana, Jummai Dangana, President of the Nigerian Baptist the students, instead, promised God for the release of these 15 “I don't know anything about on Sunday, where he claimed nine Jerry James, Happy James, Convention, Rev. Israel Akanji, to release them in batches. children. Although the number that (ransom), but what I know is people were killed. Endurance Stephen, Comfort however, confirmed the develop- The bandits were said to have was smaller than what we were that the bandits are asking us to But sources in the community Emmanuel, Jummai Tanko and ment yesterday in an interview demanded for a fresh ransom of expecting, because we had 78 give them something. We want to said 15 people were killed while Mary Clement. with journalists in Kaduna, shortly N80 million for the release of the children out there. They had thank God, well wishers, relatives 10 others were injured with several He added that one Magdalene after reuniting the 15 students remaining students. earlier given us 15, that means and the church of God, who houses burnt by the invaders. Dangoma, sustained gunshot with their parents at a brief event, Sources claimed that N50 63 to come. actually have been supporting A resident of the community injuries and was receiving treat- which held at the Secretariat of million was paid after series of “But in everything God said to ensure that our children are said the gunmen stormed the vil- ment in the hospital, including the Kaduna Baptist Conference. negotiations, but again, the bandits we should give thanks and we released,” Jangado said. lage at about 11pm on Saturday two houses burnt in the attack. Unfortunately, this happened reneged on their promised again, are giving thanks for what he Asked whether the Kaduna night and unleashed mayhem The statement said, the “Acting about the same time nine people releasing only 15 students after has done. We are trusting that State government has been as- on residents. Governor Dr. Hadiza Balarabe were killed in an attack on collecting the money. the same God, who has brought sisting in ensuring the release of “Most of us had to run to the received the reports with sadness, Ma-Dooh community, Atyap The children were looking frail, this 15 out, is going to help us the children, Jangado said, “We bushes for our dear lives and and condemned the recent spate Chiefdom in Zangon Kataf Local weak and malnourished as they to receive the other 63. We have want to thank God for what God we slept there till the next day,” of devastating attacks in the area. Government Area of Kaduna were reunited with their parents great hope in God; we will keep is using our government to do. he said. “She prayed for the repose of State by gunmen suspected to amid tears. praying and asking God for help,” We want to pray that God will Aruwan, however, said nine the souls of the deceased, and be Fulani herdsmen. The parents were prevented Akanji said. give them the grace to work very corpses were recovered in the sent condolences to their families. On July 5, 2021, bandits invaded from speaking with journalists But in a separate interview hard to see how we can be able community following the attack. The Acting Governor wished the the school and abducted 121 of by officials of the Baptist church. with news men, President of to recover all children”. The commissioner said troops injured resident a quick recovery, the students and on the 25of the Akanji said he had expected the Kaduna Baptist Conference Hopes were initially high that of “Operation Safe Haven” also and urged security agencies to same month, they released 28 of freedom for all the students but and proprietor of the school, Rev. the students might be rescued rescued 12 persons, who were sustain diligent investigations the students after the parents al- the bandits released only 15 of Ishaya Jangado, clarified the mixed following the ongoing security fleeing from the attack. into the attack.” legedly paid a ransom of N100m them. up in the number of students operations against bandits and “This was reported to the The commissioner said troops being held by the bandits. kidnappers terrorising the state. Kaduna State Government by were still carrying out search Jangado said, “In-between the But, it was learnt that the troops of Operation Safe Haven, and rescue operations and would time, 28 of the students were bandits might have been using who responded to distress calls make public the exact number 14.3 Million Nigerians Engage released on July 25 to now, some the students as shield to protect and mobilised to the area. of casualties. in Drug Abuse, Says FG Onyebuchi Ezigbo in Abuja people between the ages of 15 and 64. Minister of State for Health, Dr. “This is about three times more Olorunnimbe Mamora, says the than the 2017 global prevalence menace of drug abuse has reached of 5.6 per cent among the adult an alarming proportion in the population." country and there is need for Mamora said though law concerted effort by all Nigerians enforcement and sanctions to tackle the problem. played a key role in reducing Quoting the 2018 National availability and accessibility of Survey on Drug Use and Health illicit drugs and their use, such estimates, Momora said the measures should be balanced prevalence of drug usage in with adequate drug demand Nigeria stood at 14.4 per cent, reduction strategies. which was estimated at 14.3 He suggested the adoption of a million people between the ages holistic and integrated approach, of 15 and 64 years. with equal attention being paid The minister gave the health to drug supply and demand statistics at the weekend in Abuja reduction, as the way forward. during a media briefing on the Mamora said the measure dangers of non-medical use of was in line with the spirit of the Opioid pharmaceuticals and three International Conventions other substances of abuse. He on drug control, adding that the said the figure was about three conventions were established times more than the 2017 global to protect human health by prevalence of 5.6 per cent among preventing drug abuse and the adult population. dependence and ensuring According to the 2015 World access to controlled medicines ALEGE PRESENTS LETTER OF CREDENCE TO UKRAINIAN PRESIDENT… Health Organisation (WHO) for medical and scientific President of Ukraine, Volodymyr Zelenskyy and Nigeria's Ambassador to Ukraine, Amb. Shina Alege, during his presentation of estimate, psychoactive drug use purposes only. Letter of Credence to the President of. Ukraine… on Thursday. PHOTO: Nigerian Embassy in Ukraine was responsible for more than 450,000 deaths yearly. WHO also stated that the drug-attributable disease burden accounted for about 1.5 per cent of the global Villagers Flee as Bandits Kill 18, Burnt Houses in Katsina burden of disease. It noted that injection drug Call for my resignation is absurd, says Masari use (IDU) accounted for an estimated 30 per cent of new Francis Sardauna in Katsina and foodstuffs ablaze during Relations Officer, Gambo Isah, means it wasexclusively a federal "As constitutionally elected HIV infections outside sub- the invasion. however, told journalists that the government affair. office holders, Governors do Saharan and contributed Gunmen suspected to be bandits A vigilante member, who craved bandits killed only 12 people and The governor was reacting to not succumb to the intimidation significantly to the epidemics of and rode on motorcycles launched anonymity, told THISDAY in a injured six others in the community. resignation calls by the Katsina of some self-serving disgruntled hepatitis B and C in all regions a fresh onslaught on Duba village telephone interview on Sunday He explained that the joint State chapter of the Coalition of elements, masquerading as human of the world. in Batsari Local Government Area that the hoodlums killed 18 people team of the police and the military Northern Groups (CNG) and the rights campaigners by resigning. While lamenting the situation of Katsina State, killing no fewer on the spot and injured scores in went to the village but the bandits Peoples Democratic Party (PDP) "If they are found wanting in the in the country, Mamora said drug than 18 persons, including children the village. retreated to the forest by the time in the state. discharge of their responsibilities, trafficking and illicit drug use and women. He said: "Yesterday (Saturday) the security personnel arrived the The statement read: "In matters the Nigerian Constitution has were not only a threat to security THISDAY reliably gathered that over 300 bandits armed with scene. of security, a governor is the Chief provided the protocols for easing and governance, as well as the many other residents sustained sophisticated weapons including Isah, a Superintendent of Police Security Officer of his state only in them out of office, and no house of health of citizens. gunshot wounds in the incident anti-aircraft launchers and GMP said, "The bandits, numbering over name, because the various security assembly is in the dark about that. The minister said, "The menace that lasted from 9pm to 10:45pm machine guns attacked our village three hundred and armed with chiefs working in the state take "Masari is not the first Governor of drug abuse has reached an on Saturday, while many survivors (Duba) and killed 18 persons. sophisticated weapons including orders not from him, but from to make the suggestion. In states epidemic proportion and, thus, have fled the village. “They (bandits) injured more GMP machine guns and anti- their superiors in Abuja. where the citizens do not politicise requires concerted efforts by all. This, however, came at the time than 10 people, including children aircraft launchers stormed the "The only things they take from security issues, they rally round Drug trafficking and use are Governor Aminu Bello Masari of and women, who were sleeping village (Duba) at 20.45 p.m on governors are the financial and their leaders who had similarly not only a threat to security, the state, has described those calling when the bandits arrived the Saturday. material assistance (both solicited admonished their people. governance and development of for his resignation over his recent village. Those killed were burried "They (bandits) ransacked houses and unsolicited), which they extend "Therefore, to suggest that a nation but also to the health call on residents of the state to on Sunday according to Islamic and looted shops. They also killed to the security institutions in the Governor Masari should resign for of its citizenry. acquire armsand defend themselves rites". 12 people and injured six others. states. his patriotic candor and courage in "Nigeria is not immune to as absurd. The source noted that hundreds Our officers are still combing the "The massive increase in the admonishing his people to wake up the menace of drug trafficking But on the new attacks, of residents, mostly women and forest with a view to finding the number of security formations in and resist the bandits by acquiring and abuse. The 2018 National investigations have further revealed children, who survived the deadly hoodlums." Katsina State, and the North West arms for self defence, betrays a Survey on Drug Use and Health that the bandits numbering over invasion, had fled the village to But, Masari, in a statement by in general, was due to the dogged sheer lack of the understanding estimates the prevalence of drug 300, and armed with sophisticated Batsari, the headquarters of Batsari his Director-General on Media, commitment and determination of the letter and spirit as well as use in Nigeria at 14.4 per cent, weapons including anti-aircraft Local Government Area for fear Abdu Labaran Malumfashi, said of Governor Masari to see to the the workings of the Nigerian corresponding to 14.3 million launchers and GMP machine of a reoccurrence. security was on the exclusive list of successful prosecution of the war Constitution, or a motive which guns, set many houses, shops The Katsina State Police Public the Nigerian Constitution, which against banditry. is anything but altruistic." MONDAY AUGUST 23, 2021 • THISDAY 13 14 THISDAY • MONDAY, AUGUST 23, 2021

Editor, Editorial Page PETER ISHAKA COMMENT Email [email protected] ZAMBIA’S HISTORIC YOUTH-DRIVEN VOTE The Zambia election holds lessons for Nigeria, writes Matthew Ayibakuro

ast week, Zambians elected a new President in a Some of these actions include the high number of young historic vote. Opposition leader Hakainde Hichilema people that registered to vote at the polls, the massive turnout won by a landslide against the incumbent, Edgar at the polls as highlighted above, the use of social media to Lungu, who was seeking a second term. The margin mobilise, despite attempts by the government to restrict same, was a massive 2.8 million to 1.8 million votes. Voter especially on election day and a simple determination to engen- turnout at the polls was also at a historic high level at der change that would have practical impact on their lives. L70 percent; the highest since the country held its first multiparty As youth across Nigeria struggle to keep alive the spirit and elections in 1991. generational drive for change that underpinned the EndSARS Arguably the most important headline from the elections, movement of 2020, the question of the impact that youth action however, was the participation of young people. and participation would have on the 2023 general elections This was an election where, as the BBC put it, “young voters remain up in the air. held the cards”. With over half of the country’s seven million One thing is clear though – every well-meaning and conscious registered voters being under the age of 35, there are no extra Nigerian youth must be jealous of the feat of our Zambian points for guessing the significance of the role of young people in counterparts. The question is if we are ready to go beyond the the outcome of the election. distant admiration and sense of hope we feel reading the news I was, however, interested in understanding what informed the from Zambia and decide to take action. central role of the youth vote in Zambia, and what lessons could What constitutes action in this context is obvious – (a) be drawn for Nigeria? It is, of course, not possible to attribute the Participate in INEC’s ongoing Continuous Voter Registration outcome of an election to just one particular factor, but as I spoke exercise by registering to vote; (b) Register as members of political with Chisala, my friend from Zambia, there were clear indications parties and/or create/join movements that would mobilise and parallels for Nigeria. around issues of interest to young people and campaign in Firstly, the data showed that this election was held against the the build up to the elections; (c) Avoid being caught up in the backdrop of enormous economic challenges. Zambia plunged into regional and ethnic divides and debates that have inhibited recession last year from the effect of the COVID-19 pandemic. young people across the country from collectively mobilising Unemployment had risen to 12.17 percent in 2020, meaning that for change – focus on issues; (d) Support and mobllise for a one in five youth in the country were without jobs. There is high candidate that can address Nigeria’s inflation with a resultant rapid increase in the cost of living. The socio-economic challenges; and finally, (e) Come out on the day country’s rising debt burden – mainly used to finance infrastruc- of elections and vote. ture projects – also meant that it became the first African country Some persons believe that the EndSARS movement came along to default on a loan during the pandemic. too soon and would have been more impactful if it took place Despite Zambia being a relatively small country in terms of closer to the 2023 polls. Others would point to myriad issues population compared to Nigeria, one could easily substitute the that would prevent young people in Nigeria from mobilising name Zambia for Nigeria and change the figures for most of those collectively across the country to bring about democratic change. indicators without noticing a difference in the economic trends These are all good points, but the EndSARS movement also highlighted above. In some cases, they are actually worse for demonstrated the ability of young people to mobilise above and Nigeria. beyond all these issues. And whilst it may seem like much of the So young people came out en masse and voted for a President movement has fizzled out, our counterparts in Zambia provide with a sound economic background who provided them the best a timely and much-needed inspiration to go one step further chance of addressing the massive economic challenges that the ZAMBIA PROVIDES A TIMELY AND MUCH- and engender the change that young people in Nigeria need and country faces. It was, however, not just the problems, but rather NEEDED INSPIRATION TO GO ONE STEP deserve. the determination to take action to bring about a democratic FURTHER AND ENGENDERS THE CHANGE So, over to you. solution to these problems that led to the historic youth-led vote THAT YOUNG PEOPLE IN NIGERIA NEED AND Dr Ayibakuro, a Governance Expert, is a lecturer, Niger in Zambia. DESERVE Delta University ON KWARA BOND AND OTHER ISSUES Rafiu Ajakaye writes that Kwara’s N35bn private bond is legal, and one of the lowest

y growing up as a teenager was also the private bond. No fewer than 10 states — done by the government peopled by members of administration has not done anything at the iconic filled with privileged exposures governed by either PDP or APC — have accessed the current opposition who now write petitions to Offa Grammar School, over a year after it reportedly to interesting scholars like Sheikh private bonds over the past three years. Kwara’s block the bond. Thomas is a friend of that lacklustre concluded contractual agreements. Had he upheld Muyideen Ajani Bello, a witty N35bn private bond is one of the lowest. Private administration. Everyone complains that Kwara the basic tenet of journalism of ‘clarify when in and fiery Muslim preacher then bond issuance is ethical, legal, and faster as it remains hugely dependent on handouts from the doubt’, he would have known that the people of based in Kano. Quoting another bypasses certain bureaucratic niceties. The Kwara centre. But are there alternatives to changing that Offa requested the government to rehabilitate other Mscholar, I heard him categorise humans into four bond followed every legal step there is, such as status except enough resources go into infrastructural schools in the town because the OGS is a beneficiary groups: those who know and know that they know; cabinet and legislative approvals. For emphasis, development and creating economic centres? No. of some communal and CBN interventions that those who know but often forget that they know; ‘public hearing’ is not a legal requirement in bond We must spend our way to unlocking the Kwara are underway. They understandably did not want those who do not know and they readily admit that issuance. The Debt Management Office (DMO) has potential as the southernmost northern state. This a duplication of efforts. Government yielded to they do not know; and those who do not know not only certified the state as financially healthy to is exactly what the administration seeks to do with that request and has instead invested the resources and do not admit that they do not know. He called take N35bn or more, it has also green-lighted the the bond. The bond will fund some ongoing projects meant for comprehensive renovation of OGS in eight the fourth category a bunch of perpetual fools who procedures so far taken by the government. The man to completion, and do many more. These projects schools in the community. These are Iyeru Grammar should be cautioned or lectured. Everyday interac- again displayed ignorance when he said that some of include the abandoned University School; Community Secondary School; Government tion has revealed this to be true. the projects listed in the budget are also to be funded Campuses at Osi (Kwara South) and Ilesha Baruba Day Secondary School; Government Secondary A certain Mr. Kayode Thomas, a rabid antagonist with the bond. I failed to see any contradiction in it, (Kwara North); the Ilesha Gwanara Road; and a few School; Nawairudeen Grammar School; Anglican of the administration, has recently published an particularly when he admitted that provisions made others. These are projects inherited from the past College of Commerce; Moremi High School; and article in which he claimed that the ‘N35bn bond’ for the said projects in the budget are way below the administration. Had the administration chosen the Okin High School. taken by the administration is an exercise in cost of the projects. For instance, only N100m was self-serving post-2003 path of governance in the state, By every fair standard, the Otoge administration executive lawlessness. What I see in Thomas’s article earmarked for the innovation hub in the budget, it will simply abandon those projects and conceive has changed the story of Kwara for good. “Too are a combination of mischief, ignorance, and what whereas the total project cost is N1.1bn. What is the its own for politics. But it is not doing that because much had gone wrong with Britain (read Kwara) I call the divine rights of the king syndrome. The fuss if the bond will complete the huge facility with the funds already sunk into them came from the for it all to be put right in a matter of few years,” latter in this context means that he sees himself as a balance of N1bn as would be accommodated in public purse. This administration has a reputation of a former British Prime Minister Margaret Thatcher a kingmaker whose words are laws and who pos- the supplementary budget? attending to abandoned projects in the interest of the once remarked. With various rehabilitation and sesses all the knowledge to fix Kwara from its rock Indeed, Kwara got parliamentary approval to raise people who brought it to power. If that does not fit remodelling works ongoing across 600 schools, 4,701 bottom position in basic ratings of human capital N35bn. However, it has only raised N27bn at the into the Otoge revolution, then nothing else should. competent teachers recruited in the most transparent development in 2019 to the Disney Land in just extant 15% market rate. Kwara is essentially an agrarian state. Atop the and apolitical process, first-of-its-kind innovation two years. It is not our attitude to respond to every A few concerns have been raised on the bond. blessing of rich arable lands is its rich tourism po- hub and visual arts centre under construction, and opinion, grandstanding, or postulations as that may That included the viability to pay back. Kwara is tentials. Kwara is home to the Owu Fall, the highest high-end facilities installed and historic accreditation mean any of three things on our part: lack of focus, solvent and can easily pay back. That is the expert waterfall in West Africa. But it is inaccessible to date. secured for the state’s premier general hospital, joblessness, or a tendency to want to read just sweet conclusion of the DMO, the national statutory Count the economic loss. The bond will part-fund Kwara is ticking the right boxes in basic education, things about us. None of these defines the Governor body that regulates lending by the national and the road leading to this treasure. Job-creating projects healthcare, agric, fair, equitable and apolitical access or his administration. We are not jobless. We remain subnational governments in Nigeria. The administra- like garment factory, innovation hub, visual arts to public-funded programmes, gender inclusion focused as ever! And we are not ashamed to admit tion has cut waste and cannot in good conscience centre, film factory, and agroprocessing firms, spread and youths empowerment, and improved access our imperfections nor are we deaf to Kwarans, be accused of profligacy. It has earned itself various across the state, will also be funded. The govern- to agrarian communities. The administration has our employers, pointing out to us what we should cognomen for ending the corrupt, unproductive ment will also construct a flyover to decongest the recorded great feats never seen in Kwara since its do better next time. For this reason, I will restrict patronage system of the past. Bond redemption will intractable traffic along the densely populated Tanke creation, a couple of which had been documented in myself to responding only to a few of his claims that take seven long years, charged to the state’s monthly axis in , along with other roads that would previous communications on the achievements of the needed clarifications. allocation from the federal government. Bolstered boost economic activities. The Gbugbu international government. There is no local government without a He gratuitously claimed that the ‘norm is for by internal revenue, the plan is such that no basic market in Kwara North will receive a fair chunk of clear presence of the new administration. In a matter bonds to be issued by Security and Exchange commitment of the government will be affected. the bond to attain its potentials as a melting pot for of months, the new Ilorin master plan will be ready Commission (SEC) and Nigeria Stock Exchange but Some persons have also said the N35bn is a tad continental trade. — the second since 1970s. A 10-year development neither was part of this arrangement’. Ignorance. much. Measured against infrastructural deficits Delving into other issues he raised, Mr. Thomas blueprint will be launched soon. Bond issuance may take two broad forms. Apart in Kwara, it is not. As of 2016, the deficits were is out of touch with his own native Offa town. Ajakaye is the CPS to the Governor of Kwara from the one issued by SEC and NSE, there is valued at N256bn. This valuation, ironically, was How do you argue with such a person? He said the State THISDAY • MONDAY, AUGUST 23, 2021 15 EDITORIAL THE N4.973 TRILLION AUDIT QUERY

Will this query make any difference?

he latest financial report of the federal from money due to the federation account by revenue col- government by the Office of the Auditor- lecting agencies, irregularities in payment and expenditure, General of the Federation has further irregularities in contract award and execution. reinforced the perception that many of our critical agencies and institutions are t should worry President Buhari that there are mount- so well-heeled in unwholesome practices ing instances of tardiness on issues of transparency that they no longer abide by any fiscal and accountability in public office and institutions of rules. From the audit carried out on the government under his watch. Perhaps more frustrating 2019 federal government consolidated financial statement, Iis that previously identified lapses have not been adequately Tunsubstantiated balances amounting to N4.973 trillion were addressed leading to a situation of repeated violations. So, observed. That sum, according to the report submitted to the we ask: will the present query make any difference? Will it Senate on Thursday by the Auditor-General of the Federa- curb the recklessness on constant display in every arm of tion, Adolphus Aghughu, far exceeded the ‘materiality level’ government? of N89.34 billion set for the audit. As we previously pointed out, all the raging issues of No matter the gloss the federal government may want to deficits of enlightened governance and lack of fidelity to put on it, this is a serious indictment on the administration rudimentary public morality run counter to the avowed of President Muhammadu Buhari that came to power with a commitment of the Buhari administration to right the pledge to instil accountability and transparency in the public wrongs of our past. The administration’s record on corrup- arena. More disturbing is that this has become a familiar tion in the last six years cannot, by any stretch of imagina- story in the past few years. In August 2019, for instance, tion, be said to be better than that of its predecessors. Some the same office stated that the ministries, departments, will in fact wager that it is far worse. Having failed to grasp and agencies (MDAs) the meaning of corruption, fighting it has become a hollow ONCE RULES ARE without audited reports ritual to our collective shame as a nation. THISDAY IGNORED, ALL OTHER had increased from 148 EDITOR SHAKA MOMODU While audit queries do not necessarily impute that TEMPLATES FOR in 2014 to 323 in 2018. DEPUTY EDITOR WALE OLALEYE, OBINNA CHIMA money has been stolen, the essence of audit is to determine MANAGING DIRECTOR ENIOLA BELLO TRANSPARENCY AND That report listed the DEPUTY MANAGING DIRECTOR ISRAEL IWEGBU whether financial reports are fairly stated, or breach accepted ACCOUNTABILITY LOSE Economic and Financial CHAIRMAN EDITORIAL BOARD OLUSEGUN ADENIYI standards. The goal is to make those accountable to accept Crimes Commission EDITOR NATION’S CAPITAL IYOBOSA UWUGIAREN responsibility. Sadly, a combination of weak and compro- THEIR VALIDITY MANAGING EDITOR BOLAJI ADEBIYI (EFCC) established THE OMBUDSMAN KAYODE KOMOLAFE mised institutions has allowed the culture of impunity to to fight graft as one of the agencies with “doubtful cash thrive. Besides, that accountability does not score high in the balance.” Nigerian is underscored by Aghughu’s lam- Unfortunately, such allegations of financial infractions in THISDAY NEWSPAPERS LIMITED entation that his office has practically been crippled hence our public sector have become so rife that Nigerians hardly EDITOR-IN-CHIEF/CHAIRMAN NDUKA OBAIGBENA cannot effectively perform its statutory oversight function of GROUP EXECUTIVE DIRECTORS ENIOLA BELLO, KAYODE KOMOLAFE, care anymore. Many of the MDAs are riddled with financial ISRAEL IWEGBU, IJEOMA NWOGWUGWU, EMMANUEL EFENI detecting mismanagement of public funds by the MDAs. wrongdoings as they breach accounting procedures with DIVISIONAL DIRECTORS SHAKA MOMODU, PETER IWEGBU, With the damning audit reports, the link between abuse impunity. Every year, the Office of the Auditor-General of ANTHONY OGED ENGBE of, or general disregard for, extant rules and corruption DEPUTY DIVISIONAL DIRECTOR OJOGUN VICTOR DANBOYI the Federation cites widespread sharp practices ranging SNR. ASSOCIATE DIRECTOR ERIC OJEH cannot be made clearer. Once rules are ignored, as it is from irregular expenditures to failure to surrender surplus ASSOCIATE DIRECTOR PATRICK EIMIUHI evident in the annual reports by the auditor general, all other CONTROLLERS ABIMBOLA TAIWO, UCHENNA DIBIAGWU, NDUKA MOSERI revenues to the treasury, all running into billions of naira. DIRECTOR, PRINTING PRODUCTION CHUKS ONWUDINJO templates for transparency and accountability lose their Other infractions include details of unauthorised deductions TO SEND EMAIL: first [email protected] validity.

TO OUR READERS Letters to the Editor Letters in response to specific publications in THISDAY should be brief (150-200 words) and straight to the point. Interested readers may send such letters along with their contact details [email protected] . 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 (950- 1000 words). They should be sent to [email protected] along with the email address and phone numbers of the writer. WIKE, VAT AND TRUE FEDERALISM PRESIDENT BUHARI AND GRAZING ROUTES “Boldness is not second to everyone, it is intentionality.” The bone of the contention is Value Added Tax (VAT). — Janna Cachola Recently, Rivers State government went to court to challenge federal government’s collection of VAT via Federal Inland Revenue eventeen governors of states in the southernmost half of istory is being made in Rivers State. There is a Service (FIRS). It argued that FIRS did not have the constitutional Nigeria joined up to express disdain for roving and deadly bold move by the state government at challenging right to collect VAT and Personal Income Tax (PIT) on behalf of free-ranging by jihadi Fulani cattlemen and these governors the retrogressive status quo of the federation. local governments, states and federal government. It advocated expressed their desire to encourage modern animal hus- Nigeria’s political structure is not only lopsidedly that states should be allowed to collect VAT—and not federal bandry methods in order to protect their vulnerable farming skewed against the states but has become a government. On August 9, Justice Stephen Pam of Federal High communities located in the midst of the bush from terror clog on the nation’s wheel of progress. Like Court, Rivers State, ordered the tax agency of the FG, the FIRS and Sattacks. Hlocal government areas, the states are mere appendages of the the Attorney General of the Federation, from collecting VAT and Note the term “southernmost,” carefully chosen herein to bring behemoth centre—yet we call this country “Federal Republic of Personal Income Tax (PIT) from residents of Rivers State. Federal attention to the geographical fact that “South Nigeria” is the contigu- Nigeria”. Government via FIRS fumed and vowed to appeal the judgement. ous lower-half landmass of present-day Nigerian if a line of latitude The rattling question is: what is federal about a country struc- Rivers State government did not stop there, it ensured that the is drawn to bisect it at its central median locator, thereby positioning tured along unitary system by respective military dictatorships? State Assembly legislated on it through a bill, which was swiftly most of , the southern halves of Kaduna and Bauchi States, In the last few years, there had been agitations for a restructured signed into law on August 19, 2021, as Value Added Tax Law all of Plateau, Benue, Taraba, Nasarawa, the FCT, Kogi, and a good Nigeria where states will have the needed autonomy to determine No. 4 of 2024 by the man behind the wheels—Governor Nyesom chunk of Adamawa State in this “South Nigeria.” and unleash their socio-political cum economic potential. Wike. I doff my cap for this courageous move of Rivers State The governors of these 17 states are representatives of a huge chunk Failure to make any meaningful progress in the direction of government. of the human-mass that constitute the Nigerian nation, thus they must restructuring, in the last few years, has birthed agitations for There are insinuations in the media that FIRS is lobbying be hearken to; after all, on local security issues, they are the designated self-determination, especially in southern Nigeria. Restructuring National Assembly to put VAT in the exclusive list, in order to “Chief Security Officers.” Now, it becomes real troubling that President advocates are opposed to separatist campaigners calling for legitimate its illegality—to continue the exploitation, and but this Muhammadu Buhari would simply dismiss the informed-decision balkanization of the country. While true federalists believe that move is dead on arrival. Rivers State government and others will concerns of these governors with respect to rampaging foreign killer Nigeria can still be salvaged via restructuring, self-determination not allow this to happen. Fulani hordes and just go ahead to sign papers that signals the proponents have been pummeling them for not walking their talk. Governor Wike has demystified the bogus term called expropriation of great swaths of landholdings in some 25 constituent Rivers State government has changed the game. Age-longed restructuring cum true federalism. It is not rocket science. ingehas and designate these real-estates as “grazing reserves” problems cannot be solved by persistently talking about them proved that easiest way to handle mountainous challenge is by that have been “encroached” upon by agrarian natives who must quit without action. There comes a time in history when courageous compartmentalising it. My own definition of restructuring of to let the foreign Fulani marauders settle in. Isn’t this true-life situation and well-calculated actions are left to do the talking because all which Governor Wike has accentuated, is using legitimate avenues stranger than fiction? This is the true state of Nigeria in the month of talk and no action makes someone a rabble-rouser. Rivers State to get back your resources and power that were illegally taken August of the year 2021. decided to confront the hydra-headed monster of unitary structure away by military regimes. Sunday Adole Jonah, Department of Physics, Federal University of that made states subservient to the center. Chidiebere Nwobodo, Abuja Technology, Minna, Niger State 16 MONDAY AUGUST 23, 2021 • THISDAY THISDAY ˾MONDAY AUGUST 23, 2021 17

Group Politics Editor NSEOBONG OKON-EKONG Email: [email protected] POLITICS 08114495324 SMS ONLY MONDAY DISCOURSE 2023: How Will PIA Shape Elections in Niger Delta? Will voters in the Niger Delta sanction the All Progressives Congress and its candidates in the 2023 national elections, given their take on many sensitive issues affecting the region? Nseobong Okon-Ekong asks

Lawan

Buhari

ore circumstantial evi- the strict sense, there are five Niger State in its kitty; in the South-south dence are emerging that Delta states, which includes Akwa region. the outcome of the 2023 Ibom, Bayelsa, Cross River, Delta national elections in the and Rivers. Cross River and Ijaw Youths Niger Delta region of Ni- Until Governor Ben Ayade of Cross Disappointed Gbajabiamila Mgeria may be influenced by perception River State switched political party One of the supposed inducements arising from the Act loyalty from the main opposition that attracted Ayade to the APC was recently signed by President Muham- Peoples Democratic Party (PDP) to the promise of a more rewarding madu Buhari. the ruling party at the centre, the relationship with the government The Petroleum Industry Act provides All Progressives Congress (APC), at the centre. Citizens of Cross legal, governance, regulatory and fiscal the APC was not in control of any River are beginning to ask what framework for the Nigerian petroleum state in the Niger-Delta/South- use their governor’s friendship with industry, the development of host com- south. Last year, Edo, where the the Federal Government is, if any. munities, and related matters. APC had a foothold was lost to Ayade himself has not hidden his The Senate had passed the PIB on the PDP when Governor Godwin anger at how things have turned July 15, 2021, while the House of Rep- Obaseki defected to the PDP. As out. He asserted that the Petroleum resentatives did same on July 16, thus things stand currently, President Industry Bill (PIB) recently signed ending a long wait since early 2000s, and Buhari’s APC has only Cross River into law by President Muhammadu notching another high for the Buhari administration. However, overwhelming opinion by stakeholders and influential individu- als from the oil-rich states have largely The 2023 national elections may be decided criticised the President for enacting the law while divergent views were being on four important issues which also defined canvassed on some of the details of the law, particularly the vexatious issue of the 2019 Election. They are insecurity, the three percent for host communities. The economy, corruption and the quest for a peoples Niger Delta region is loosely composed of nine states; Abia, Akwa Ibom, Bayelsa, constitution, which will define the relationship Cross River, Delta, Edo, Imo, Ondo and Rivers. In this regard, it cuts across two between the central government and the sub- of the six geopolitical zones; namely, the South-east and the South-south. But in national governments; that is, the states Sylva 18 THISDAY ˾MONDAY AUGUST 23, 2021 MONDAY DISCOURSE

Okowa Emmanuel Diri

Buhari seeks to perpetuate injustices that Intelligence, a Nigerian research topical in the Niger Delta as they of these personalities may be imminent. the state has suffered over the years. group, claims that 2,732 people were are elsewhere.There is abundant Another cogent justification for the Ayade said the law failed to address killed in 33 states and the federal evidence that the effect of all these negative perception of APC and Buhari the concerns of the state in spite of the capital Abuja between April and national malaise appear strongest in the Niger Delta is the thinking that presentation he made to the relevant June 2021. in the Niger Delta states, where there is threat to Christianity should Senate committee. These include attacks by the Boko Buhari and the APC lost in 2019 to the APC be allowed a major in road to What has become clear is that the Haram terrorist group and other the PDP. The PDP has maintained the Niger Delta. While this point is not political identity of being an APC State, militias, kidnappings, communal its winning ways in that part of the entirely provable with empirical evidence which Ayade, in his naivety believed fights, and clashes between farmers country, since the turn of this era of supporting the idea that there is Northern could influence the behaviour of the and herders. The victims included democracy in 1999; never dropping agenda to stretch the rule of Islam from President has turned out to be an illu- 215 security personnel – 173 soldiers, the ball in states like Akwa Ibom, the desert to the Atlantic, the concern sion. Trying to fix the mistakes of the 39 police officers, and three civil Bayelsa, Delta and Rivers, with an is palpable and on the lips of many in past by becoming a political ally of the defense officers – and six vigilantes. unbroken record of victories. the Niger Delta. President has not yielded the expected In a bid to get a grip on the col- results for Ayade in this instance. lapsed economy, the Nigerian gov- Observations and Partiality From the Presidency The PIA has definitely impacted nega- ernment has gone on a borrowing Voters in the Niger Delta region Presidential Spokeman Femi Adesina tively on APC’s flagging reputation in frenzy. As at March 31, Nigeria owed generally think of the APC as a expectedly thinks President Muhammadu the Niger Delta/South-south. Combined China $3.402 billion, according to Hausa/Fulani-controlled party. Buhari deserves accolades not knocks, with other enduring burning issues like the Debt Management Office. The This line of thought has been fu- for the PIA. According to him, Buhari, open grazing and killing of innocent amount covers 11 loan facilities from elled by apparent lopsidedness in “has done what Napoleon couldn’t do. citizens by suspected Fulani herdsmen, the China Exim Bank since 2010. appointment into sensitive national Again and again. The Bill had defied the APC central government led by Prices of basic commodities have offices which tend to favour a par- Olusegun Obasanjo who introduced it, Buhari is held in the highest contempt skyrocketed, thereby putting a lot ticular ethnic group since Buhari got the better of Umaru Musa Yar’Adua by indigenes of the South-south/Niger of pressure on families, even as became president. Mr. President has (God rest his soul), worsted Goodluck Delta. employers are forced to cut losses by also been consistent in not openly Jonathan, but has finally been subdued The Ijaw Youths Council (IYC) has laying off staff. This has contributed condemning misdemeanours by by Buhari. The man has proven to be declared the Minister of State for Petro- to an all time high in unemployment his kinsmen. Therefore, voters in adept at concluding things that had long leum, Chief Timipre Sylva and President rate. the Niger Delta may sanction the trounced and vanquished many leaders Buhari, persona non grata, saying their Though the Buhari-led government APC and its candidate for their odd before him. The PIB overwhelmed the safety may not be guaranteed in the was given a benefit of the doubt approach on many sensitive issues first to eighth National Assembly, which Niger Delta. Sylva, a former governor of based on his personal reputation affecting the region. couldn’t pass it into law. But through Bayelsa also chairs the FG’s PIA imple- as an anti-corruption crusader, a Though many eminent personali- synergy and cooperation between the mentation committee. The composition recent statement by a former military ties from the Niger Delta are in the Executive and the Ninth Assembly, Ni- of the committee is another sore point, President, Gen. , top echelon of both the APC and geria now has a law for her cash cow, as there are many non-indegenes of the saying that from what they know of the Buhari administration, they are the oil and gas industry, more than 50 region in the body. cases of corruption in this adminis- widely viewed as traitors and apolo- years after the last legislation, which IYC National Spokesman Ebilade tration, his government which was gists of the Hausa/Fulani who have had become obsolete. Ekerefe in a statement issued in Yena- also labelled corrupt was a saint. contributed to the suffering of their “Step forward President Buhari, and be goa, the Bayelsa State, saying, “With While no wrong doing has been people. In particular cases; names garlanded for being the Master Finisher. the amount of speed the president used directly linked to the President, key like Senator Godswill Akpabio, Practical examples abound in different in signing the PIB without recourse to personnel in his cabinet and many Minister of Niger Delta Affairs, Mr. spheres of National life, of projects, poli- the stand taken by stakeholders from of his political associates are being Rotimi Amaechi, Minister of Trans- cies, proposed laws that had been in the the region, the President has further investigated by anti-graft agencies. portation, Chief Festus Keyamo, works for more than two decades, but demonstrated that the opinions of the Perhaps, his refusal to act decisively Minister of State for Labour and which have been seen to fruition by the Niger delta people don’t matter in his by apportioning blame or punitive Employment, Senator Ovie Omo- tough but easy going man from Daura.” government as we have witnessed in action renders him an accomplice. Agege, Deputy Senate President and At the Federal Executive Council (FEC), other areas that require urgent attention The growing call for a redefini- Chief Timipre Sylva are fingerred meeting last Wednesday, Buhari said of his government. tion of the relationship between as persons who triggered the sub- that the passage of the PIB into law was “In the light of the foregoing, there’s federation units of Nigeria has jugation of the Niger Delta by the the “end of decades of uncertainty and no better time for the people of the Niger never been so loud. From ethnic Buhari administration. Therefore, under-investment in the petroleum Delta region to intensify the struggle for self-determination groups, some of personalities like Governor Nyesom industry. resource control and self-determination. which have become extremists and Wike have seized the moment to “To consolidate the commitment of We believe strongly that will be the only violent to sub-national governments frequently play to the gallery; riding this administration to delivering the sure path upon which our God-given and influential individuals, there on the wave of prevalent emotion in value proposition of this law, I have natural resources can be managed by us is a concern for a restructuring of the Niger Delta. Apart from loss of approved an implementation framework and not this impunity we have witnessed the federation. political capital in their home states, commencing immediately to ensure the from a repressive federal government All these issues are very much a severe threat to the personal safety industry envisaged in the new law begins under President Muhammadu Buhari,” to take shape. he said. “The implementation process to be headed by the Hon Minister of State, Significant Issues in the Election Voters in the Niger Delta region generally think Petroleum Resources is hereby tasked The 2023 national elections may be with the completion of the implementa- decided on four important issues which of the APC as a Hausa/Fulani-controlled party. tion of this act within 12 months. I am also defined the 2019 Election. They are therefore directing all relevant Ministries, insecurity, the economy, corruption This line of thought has been filled by apparent Departments and Agencies of govern- and the quest for a peoples constitu- ment to fully cooperate in ensuring the tion, which will define the relationship lopsidedness appointment into sensitive national successful and timely implementation between the central government and of this law. the sub-national governments; that is, offices which tend to favour a particular ethnic “Let me now commend the leadership the states. group since Buhari became president. Mr. President of the 9th Assembly for their continued No where in the country is safe from pursuit of our national aspiration and killer herdsmen, kidnappers, unknown has also been consistent in not openly condemning demonstration of mutual harmony with gunmen, armed robbers, ethnic militias, the Executive in the pursuit of a patriotic bandits and ritualits. A report by SBM misdemeanours by his kinsmen outcome in the passage of the PIB.” THISDAY ˾MONDAY AUGUST 23, 2021 19

POLITICS Gbajabiamila: A Round Peg in a Round Hole Udora Orizu x-rays some of the laudable legislative interventions, as well as, criticism faced by Hon. , Speaker of the ninth House of Representatives

Gbajabiamila

he Speaker of the House of Repre- during lockdown although the two Government was being implemented The Speaker is currently one of the top sentatives, Hon. Femi Gbajabiamila months free electricity for Nigerians and called for an enabling legislation in Bills and Motions sponsors. He sponsored was elected to the House in 2003, was never achieved. line with global best practices. critical Bills such as the Physically-challenged representing Surulere I Constituency Also last year, the maltreatment of some Farouq’s ministry was, therefore, (Empowerment) Bill 2019; Criminalization of of Lagos State. Gbajabiamila has spent Nigerians living in China drew the atten- directed to overhaul the scheme. The Estimated Billing System Bill 2019; Students overT one decade as a principal officer in the tion of Gbajabiamila, who expressed deep ministry was also told to discard the Loan (Access to Higher Education Bill), 2019, parliament. From being a member, he rose in concern over the issue. The Speaker, in register and all indices used to gener- amongst others. One of his notable Bills which the legislative ranks to become the Minority reaction to the viral videos from Beijing, ate those that are poor and vulnerable was recently passed, is the Bill which seeks to Whip, Minority Leader, Majority Leader of which showed Nigerians being forced out across the 360 federal constituencies in amend the Constitution of the Federal Republic the House, before eventually clinching the of their houses and hotels, rounded up the country. of Nigeria to provide for inclusion of young Speaker seat in 2019, after defeating his op- and their passports seized by the Chinese At another forum, the Speaker slammed persons and persons with disabilities (PWDs) ponent Mohammed Umar Bago. The Speaker police, said the inhuman treatment of the Minister of Health, Osagie Ehanire, in political appointments. who’s a member of the ruling All Progressive Nigerians must be addressed forthwith. over hazard allowance to health work- Congress (APC) is very diplomatic and one Meeting with the Chinese Ambassador ers. At the meeting with members of the Criticisms of the few active legislators currently in the to Nigeria, Zhou Pingjian, Gbajabiamila Presidential Task Force on COVID-19, While the seasoned legislator has achieved ninth House. Overtime, he has been able to confronted him with the video of the in- Gbajabiamila asked the minister if the some commendable feat over the years, as a apply his leadership skills to deliver on the cident, where a Nigerian was challenging medical personnel handling Coronavirus public servant, he’s not immune to scrutiny main functions expected of any legislator. Chinese officials over his maltreatment. cases were paid any hazard allowance, or criticisms. Gbajabiamila said there should be an to which he responded: “I am not aware Under his leadership and that of his counter- Legislative Interventions official explanation for treating Nigerians of it.” part in the Senate, it appears that the principle In the area of constituency representation, in such a manner. He faulted the Minister for saying he of checks and balances may have disappeared. Gbajabiamila is known to have attracted several He said, “If the diplomatic relationships didn’t know if health workers treating For instance, despite the country’s rising debt Federal projects to Lagos state, particularly between our two countries are for the COVID-19 patients were being paid profile, since the duo assumed office, almost his constituency Surulere. This has attracted mutual benefits of our citizens, then, there hazard allowance. The Speaker told the every loan request sought by President Muham- praises to him from his state governor and must be respect for our citizens, and we Minister it was not enough to say he was madu Buhari has been given express approval. traditional rulers. It might also be the reason should not compromise it. As a govern- not aware, adding that by saying that, This has been frowned upon by many Nigerians why he has consistently won his re-election ment, we will not allow Chinese or other he just dropped the ball. who believe that some of the requests shouldn’t campaign since 2003. nationals to be maltreated just as we will Security, which is one of the major have been approved by the parliament. At the House inauguration in June 2019, he not allow Nigerians to be maltreated in priorities listed in the legislative agenda Under his leadership, the House was also rolled out a ‘joint task’ agenda which he said other countries. The way you treat your of the ninth House, has been tasking to the criticized for keeping mum after the President would be the framework to guide operations citizens, we expect that’s how you’ll treat leadership of Gbajabiamila. At different refused to honour their invitation to brief law- in the next four years. Two years on, the ninth others. We will not tolerate our citizens sittings, he sought for ways to help the makers on what his government was doing House under his leadership has achieved some breaking your laws, but the crime of one executive arm of government bring an to end insecurity in the country. Because the of their priorities on the agenda. These include citizen cannot be used to stigmatize the end to insecurity currently bedeviling parliament has the constitutional backing to return to the January-December budget cycle, whole country. It appears that’s what the country. Aside from passing several invite the President when need be, critics believe passage of the Petroleum Industry Act, Finance happened in this case. You can’t use one security related bills and motions, the that the way Mr. President treated the legisla- Act, the Police Reform Act, the Companies and brush to smear the whole wall. Whatever House held a Special Summit on National tors was a misdemeanor which the parliament Allied Matters Act (CAMA), amongst others. the reason, it cannot be used and taken Security in Abuja on May 25, where major shouldn’t have taken lightly. In March last year, Gbajabiamila was able to out on the entire community in China.” stakeholders examined the security chal- Gbajabiamila also faced criticism when he in- get all the 360 lawmakers in the House to donate Also in 2020, at a meeting with the lenges of the country and came up with troduced the Control of Infectious Diseases Bill. their two months salary to the fight against the Minister of Humanitarian Affairs, Sadiya recommendations. Gbajabiamila, later The Bill generated so many controversies and Coronavirus pandemic. He has intervened and Farouq, Gbajabiamila and his Senate led other principal officers to the State was condemned by Nigerians, who described sometimes been able to resolve several disputes counterpart faulted the way the Social House in Abuja to present the document its provisions as infringing on fundamental by bodies such as the Nigeria Labour Congress Intervention Programme of the Federal to President Muhammadu Buhari. human rights. (NLC), the National Association of Resident The most recent criticism came on the heels Doctors (NARD) and legislative aides. He also of the passage of the long awaited Petroleum helped resolve the trade dispute between Nigeria Industry Act and Electoral Act (Amendment) and Ghana, this got him commendation from Bill. While the passage of the two landmark Nigerians based in Ghana. While the seasoned legislator has achieved some legislations can be seen as a great achievement The Speaker also ensured that the House commendable feat over the years, as a public servant, for the ninth National Assembly, however, many took a definite stand when Nigerians suffered Nigerians were against some provisions in the xenophobic attacks in South Africa. He equally he’s not immune to scrutiny or criticisms. Under his two bills which were adopted by the lawmak- held a meeting with the Minister of Power over ers despite opposition. They include the three better electricity supply for Nigerians during the leadership and that of his counterpart in the Senate, percent adopted in the PIA as the equity share lockdown in response to a Nollywood actor’s it appears that the principle of checks and balances to the oil producing communities and the rejec- complaint, while also leading the charge for a tion of electronic voting and transmission of two-month free electricity supply to Nigerians may have disappeared election results in the electoral act. 20 MONDAY AUGUST 23, 2021 •THISDAY THISDAY ˾Ͱͱ˜ͰͮͰͯ 21

Group Features Editor: Chiemelie Ezeobi FEATURES Email [email protected], 07010510430 Captors Not Husbands: The Sad Reality of Girls Abducted by Terrorists Vanessa Obioha writes that the re-emergence of two of the abducted Chibok girls and their captors, whom they had children for, has drawn mixed emotions for many Nigerians. Given that these victims of war now have ties with these insurgents, albeit involuntarily, this has led to renewed criticisms of the federal government's Operation Safe Corridor initiative for "ex-Boko Haram members"

Governor Zulum with Hassana Adamu and the children she had for her captor

he opening scene of the trailer of Haram on that fateful April night, a Boko Haram fighter to whom she ducted Girls 'Daughters of Chibok' captured returning home as mothers. was married and had two children In 2017, the BBC reported the ordeal the anguish of Yana Galang, one while in captivity. of the Chibok girls in the hands of their of the mothers of the kidnapped Recent Reappearance abductors as captured by some of the Chibok girls. Galang, like other The recent reappearance of two of Her parents were reached to kidnapped schoolgirls. Naomi Adamu mothers,T still anticipates the return of the missing Chibok girls sparked an confirm her identity. who was the oldest among the girls is the her daughter Rifkatu, who was abducted outcry across the nation. Not neces- A week later, the Nigerian army protagonist in a new book by journalists by insurgents in 2014 at Government sarily because of their motherly status handed over Hassana Adamu, along Joe Parkinson and Drew Hinshaw. In her Girls Secondary School, Chibok in Borno but the identity of the men who with her two children to the governor. narration, she said the girls suffered many State. At the time, the government had accompanied them home. According “The schoolgirl, Hassana Adamu, hardships and were moved frequently to only rescued about 80 girls out of the to reports, Ruth Pogu and Hassana alongside her two children, was avoid being caught. They were mostly 276 abducted, while some escaped. Adamu returned home after seven handed over to Governor Zulum in the Sambisa forest where they didn't Galang was often filled with hope each years in captivity with children. by the Commander, 26 Task Force have access to water or food. time she was told about the return of Pogu was the first to be received by Brigade, Brigadier General DR “We even had to use soil to clean a missing child. As the woman leader the state governor, Babagana Zulum. Dantani,” Gusau said. ourselves up when we were on our of the Bring Back Our Girls (BBOG) Zulum's spokesman, Isa Gusau The young women are to undergo periods,” she told the BBC. campaign in Chibok, the news reached revealed that the young woman a rehabilitation and reintegration Adamu said the high-ranking officers her first before she relayed it to other was received at the Government programme that will focus on health, in the terrorist group tried marrying her parents. Her hope of seeing her daughter House where she reunited with psychosocial wellbeing, and future off to one of the fighters but she resisted. often turned to unbearable pain after her parents. Pogu was said to have ambitions. Each refusal fetched her a beating. Other scanning the faces of the returned girls, surrendered to Nigerian troops in girls who refused were given equal if some of them a shadow of themselves. Bama, Borno, on July 28 alongside Reflections on Ordeal of Ab- not worse treatment. The weaker girls Yet, her optimism remains unwavering. who gave in to their demands did not In the Virtual Reality (VR), Galang is suffer less. They were also deprived of seen folding her daughter's clothes as if food and Naomi and her band of brave expecting her to walk through the door. girlfriends smuggled food to them. The 2019 virtual reality documentary It is therefore triggering to see reports where She was later released in May 2017 by Joel Benson attempted to capture the alongside other diarists, and by September harrowing experience of the waiting their captors are referred to as husbands. Their of that same year, the government sent mothers who despite their agony, live them to study at the American University in poverty. Some of them like Galang captors are terrorists. Their captors are criminals. of Nigeria in the north-eastern town of subsist on their farm produce. About 33 Their captors are slave drivers. Their captors Yola. parents according to the documentary died waiting for their children to return. are members of a deadly terror group that has Captors Not Husband It is therefore unimaginable the feeling With such scenarios still fresh in the of these mothers seeing their innocent engaged the Armed Forces of Nigeria in war for minds of many Nigerians, while rejoicing daughters whose bright futures were dimmed by the menacing hands of Boko over 12 years. Their captors are NOT husbands Continued on page 22 22 THISDAY ˾Ͱͱ˜ͰͮͰͯ FEATURES

Borno Governor, Zulum; Ruth Pogu and son with Mrs. Pogu over Pogu and Adamu's return, they were Nigeria has witnessed a spike in on life. The programme is based on enough to bring relief to Nigerians and however irked by the term 'husband' mass school abductions. In 2018, the De-radicalisation, Rehabilitation the thousands of dead and maimed? used to describe Pogu's captor. Recently, terrorists stormed the Government and Reintegration (DRR) of former “What of all the men and women in a Christian group, Christian Solidarity Girls' Science and Technical College, members of the terrorist group. uniform murdered by them? Who can Worldwide Nigeria (CSWN) condemned Dapchi, Yobe state, kidnapping In July last year, the federal govern- count the thousands of widows and the acceptance, urging the Nigerian more than 100 female students. Of ment said it reintegrated 601 ex-Boko orphans they have created? And what government to prosecute insurgents the kidnapped students, a young Haram terrorists and in February this is the difference between them and the who violate the fundamental rights of student, Leah Sharibu who reportedly year, the army announced that the (Sunday) Ighohos or ESN of Nigeria? the girls. resisted the kidnappers and refused second batch of 603 ‘repentant’ Boko None. “The Nigerian government may continue to renounce her faith is yet to regain Haram insurgents had completed “So, what do we do with them? Should with its re-radicalisation programme freedom. Last December, a group their de-radicalisation programme. we just embrace them and trust them that birthed the worrying terminol- of boys were kidnapped in Katsina wholesale? Are their moves informed ogy of ‘repentant terrorists, but we in state but were swiftly rescued by Resistance by altruistic repentance? We seriously CSWN, in view of the fact that Nigeria the government a week later. Notwithstanding, many Nigerians doubt.” is governed by laws, call for the full This year, there have been student vehemently kicked against the The Shehu of Borno, Abubakar El- application of all relevant laws on those abductions in Kaduna State including programme. To them, it was like Kanemi didn't find the idea to cohabit who violated the girls. This would show Greenfield University and Federal choosing to let an evil spirit back with insurgents welcoming at all. “Many the supremacy of law over lawlessness College of Forestry Mechanisation, into your home instead of exorcising people were killed along with their and impunity, and a consolation to the Afaka. it. So when the army announced property for 12 years. And you people victims of insurgency trying to rebuild The mass abduction of students that it was reintegrating the 1,000 and the media expect us to forget and their lives or still wallowing in IDP is rampant in the northern region, surrendered terrorists, criticisms forgive the repentant terrorists?” camps,” said the group. particularly Zamfara, Niger and flew in from different angles. The anger was equally expressed by This stance was reiterated by Edith Kaduna. Chairman of the Senate Commit- Internally Displaced Persons (IDPs) in Yassin, a broadcast journalist based in The infamy of Boko Haram tee on Army, Ali Ndume released the North-east. They queried the sincerity Abuja, in a piece published in THISDAY propelled the rise of banditry and a stream of vitriols. “The war is of the repentant terrorists. by Enough is Enough Nigeria. According herdsmen carrying out similar crimes. not over and some criminals that Interestingly, Zulum had last March to her, it is triggering to see reports where Following the death of Abubakar have been killing people you say raised concerns that the rehabilitated their captors are referred to as husbands, Shekau, the leader of Boko Haram that you are doing Operation Safe terrorists act as spies. He had spoken stressing that "their captors are terror- in May, after a battle with rival Corridor for them. I am completely at the North-East Governors’ Forum ists. Their captors are criminals. Their Islamist group Islamic State West against that idea. They know my meeting in Bauchi that the initiative captors are slave drivers. Their captors Africa Province (ISWAP), the latter position on that. You are just telling needs to be reviewed because some of are members of a deadly terror group seeks to absorb Shekau's fighters people to go and join Boko Haram the ex-Boko Haram members only come that has engaged the Armed Forces of and unify the groups which during and then repent…that’s a totally to spy on communities and then return Nigeria in war for over 12 years. Their Shekau's tenure fought one another unacceptable way of solving the to join the group. captors are NOT husbands. for control of territory in North-east problem.” Recently, he said that the surrender by "These terrorists have a war economy Nigeria and around Lake Chad. Another voice of reasoning came Boko Haram fighters has left his state that thrives on gun running, illegal taxa- from the Former Agriculture Minister with two extremely difficult situations. tion, drug trafficking, human trafficking Operation Safe Corridor and current chairman of the Arewa “We are in a very difficult situation and sex slavery. These sons of Nigeria Recently, the Nigerian Army Consultative Forum (ACF), Audu over the ongoing surrender by insurgents. abducted the daughters, nieces, and claimed that more than 1,000 Boko Ogbeh. We have to critically look between two cousins of other sons of Nigeria. It is Haram members and their families “We are currently witnessing large extreme conditions and decide our future. cruel. It is evil. It is wicked. had recently surrendered due to scale surrender of large numbers We have to choose between an endless war "Several fathers have died from the intense pressure from troops' of Boko Haram insurgents, among or to cautiously accept the surrendered heartbreak. Many have developed life sustained offensive actions. whom are bomb makers, command- terrorists, which is really painful and threatening ailments. It is therefore brutal Through the Operation Safe ers, arsonists, rapists, and child difficult for anyone that has lost loved to refer to any of these abductors as Corridor initiative established by snatchers. Do we have good reason ones; difficult for all of us and even for husbands. A husband is a legitimate the army in 2016, terrorists who to cheer and hope for an end to this the military, whose colleagues have died partner, a celebrated spouse, and a surrendered are given a new lease decade-old insanity? Is ‘I am sorry’ and for volunteers.” bringer of joy and support. Albeit, the federal government needs "There is no religion, tribe or creed that to ramp up their efforts in rescuing the will confer the title of husband on this remaining girls. It is not enough that after violent abuse of Nigeria's daughters. Media seven years, the girls are still held in reportage should be more circumspect The war is not over and some criminals that have captivity under unthinkable conditions. and words must be chosen carefully. been killing people you say that you are doing For many Nigerians, the trauma of Careless and insensitive use of words can having a captor as your husband is better confer nuances that benefit perpetrators Operation Safe Corridor for them. I am completely left unimagined but these are what some of sexual violence to the detriment of of the girls are living through. But when victims and survivors. The female victim against that idea. They know my position on choices are scarce and resolve broken, suffers a hundredfold when her captor survival is the only hope. and abuser is referred to as husband." that. You are just telling people to go and join The parents may not have a choice but to accept their forced and unwanted Spike in School Abductions Boko Haram and then repent…that’s a totally in-laws, but they have a reason to rejoice Since the insurgents carried out the and for people like Galang, the hope Chibok abduction on April 14, 2014, unacceptable way of solving the problem to one day see their child still glows. THISDAY ˾Ͱͱ˜ͰͮͰͯ 23 FEATURES Addressing Nigeria's Humanitarian Challenge Chiemelie Ezeobi writes that the recently commemorated World Humanitarian Day provided an opportunity to reinforce the need for Nigeria and her development partners to holistically address the nation's humanitarian crisis by stopping the triggers, as well as effectively resettling the displaced population

Aid workers attending to internally displaced persons Photo: Google

igeria contributes 4.3 per cent of Cameroon’s Anglophone crisis has pushed $1.01 billion is needed for the intervention. and protection programmes in Nigeria with a the global figures of 79.5 million in more than 60,000 people across the Bakassi According to the United Nations Office for vision to also create sustainable and inclusive terms of humanitarian crises, making peninsula into Nigeria, according to As- the Coordination of Humanitarian Affairs, social systems that promote human dignity in her one of the top 10 countries with sessment Capacities Project (ACAPS), an Nigeria’s Humanitarian Response Plan the country. the highest risks of a humanitarian independent Humanitarian information 2021 indicates that with incoming funds Ndisaster. That was in 2019. Now? Nothing much source. Years of violence between farmers of about $37 million, only 3.7 per cent of Way Forward has changed, rather, the situation has worsened. and herders have displaced about 300,000 the requirement will be covered." Suggesting solutions, the newsletter stated that For stakeholders and those in the know, the people across the country," they also posited. "since internally displaced persons suffer from 2021 World Humanitarian Day (WHD) was an Gaps inadequate supplies, the government must ensure opportunity to tackle the challenge and posit Displacement Margins The group further posited that despite the that the target population can access available relief ways to address the triggers of displacement Stressing that Nigeria’s displaced population enormous gaps between available funds and materials. Corruption and poor camp management given that new displacements in Nigeria will are trapped in margins of vulnerabilities, the targeted populations in humanitarian crises, services further reduce the availability to solve worsen the humanitarian crisis, thereby exposing group noted that the humanitarian crisis other challenges exist. "First, the manage- humanitarian challenges. the displaced population to vulnerabilities that being experienced by the displaced population ment of internally displaced persons’ camps "The government needs to set up a task force may lead them to crime. range from seeking refuge in overburdened has been linked to corruption scandals. A that will focus on monitoring activities in camps In a newsletter made available to THISDAY, and often unsafe camps, limited access to 2016 report by the International Centre for and ensure that designated materials get to the Nextier Security, Peace and Development (SPD), an food, healthcare and education, adding that Investigative Reporting (ICIR) holds that right people. Additionally, the government must international development consulting firm based "millions of people in the humanitarian crisis “corruption is killing children in internally seek accounting experts’ services to set up a digital in Nigeria which utilises evidence-based research face malnutrition, inadequate social protection, displaced person camps”. framework for distributing relief materials to IDPs. and policy in developing knowledge and skills for sexual violence, and uncertain timelines for "The report highlights accusations of relief The framework will form the basis for a routine governing the society, harped that as the world a return to normalcy. materials diversion and reduction of IDPs’ audit of relief materials distribution in the camps. marks the WHD, new conversations, especially "Continued displacement resulting from the rations by camp officials. Second, inadequate "There is also a need to address the triggers for Nigeria and her development partners, should conflict and natural causes may increase the regulations within the camps make it dif- of displacement. New displacements in Nigeria be managing the humanitarian crisis, stopping the humanitarian indices, especially in displace- ficult for relief services to reach the target will worsen the humanitarian crisis, expose the triggers, and resettling the displaced population. ment camps where they seek refuge and population. An unannounced visit by the displaced population to vulnerabilities that may succour. According to the United Nations Governor of on March 7, 2021, lead them to crime. Nigeria contributes 4.3 per World Humanitarian Day Office for Coordination of Humanitarian Af- led to the discovery of about 650 fake IDP cent of the global figures (79.5 million), making According to the United Nations, in 2021, 235 fairs, the Humanitarian Needs Overview 2021 households who pose as displaced persons her one of the top 10 countries with the highest million people will need humanitarian assistance for Nigeria shows that about 8.7 million people to receive relief materials meant for IDPs." risks of a humanitarian disaster in 2019. and protection, noting that the number has risen require urgent humanitarian assistance. The "As the Boko Haram insurgency continues, to one in 33 people worldwide - a significant displaced population dwell in overburdened Efforts by Government unmanaged Cameroon’s Anglophone crisis, ongoing increase from one in 45 at the launch of the Global camps for internally displaced persons with To effectively tackle such humanitarian farmer-herder crisis, banditry and other conflict Humanitarian Overview 2020, which was already mounting welfare needs and where essential challenges, President Muhammadu Buhari, vistas and natural disasters, more people will the highest figure in decades. structures are luxuries". on August 21, 2019, established the Federal be trapped in the humanitarian crises waiting With the alarming figures, the UN and partner Ministry of Humanitarian Affairs, Disaster to be returned and resettled by the Nigerian organisations aim to assist 160 million people New Conversations Management and Social Development and government. most in need across 56 countries and will require For NextierSPD, as the world marks WHD, appointed Hajiya Sadiya Umar Farouq as "Like the rest of the world, Nigeria must a total of $35 billion to do so. new conversations, especially for Nigeria and the substantive minister. attend first attend to its displacement popula- Therefore, the WHD, held every August 19, her development partners, are managing the The ministry was charged on developing tion. Second, it must also address the triggers seeks to "educate the public on issues of concern, humanitarian crisis, stopping the triggers, humanitarian policies and provide effective of displacement. The achievement of returning to mobilise political will and resources to address and resettling the displaced population. coordination of national and international and resettling internally displaced persons will global problems, and to celebrate and reinforce The newsletter stated that "for instance, humanitarian interventions, ensure strategic be more meaningful if the causes of displacement achievements of humanity". with about 8.7 million people needing urgent disaster mitigation, preparedness and have been relatively addressed. humanitarian assistance in North-east Nigeria, response and manage the formulation and "Government must also ensure that the Statistics only 6.4 million people are targeted. About implementation of fair focused social inclusion returning population are resettled in a secure According to Nextier SPD, in 2021, millions of environment where they can restart their lives. Nigerians suffer from mounting humanitarian This will ensure that they are not displaced again crises resulting from conflict and natural disasters. due to insecurity or internal crisis between them. In the North-east, 11 years of the Boko Haram Therefore, security efforts must be increased to conflict has displaced about 1.8 million people Like the rest of the world, Nigeria must attend first manage the escalating crisis that forms triggers in Nigeria. of displacement. They further revealed that combining displace- attend to its displacement population. Second, it "Early warning mechanisms must also be ments in the broader Lake Chad Basin (LCB) puts tailored to specific disasters of natural causes, the displaced population at 2.6 million. Ruthless must also address the triggers of displacement. The especially in locations prone to it. Nigeria’s banditry in the North-west has displaced about achievement of returning and resettling internally population in humanitarian crisis are exposed 160,000 people in Sokoto, Kaduna, Kebbi, Niger, to conflict and natural disasters that lumped Zamfara and Katsina States. displaced persons will be more meaningful if the them into humanitarian needs and endless cycles "Also, about 41,000 people have fled the zone of exposure to disease outbreaks and reduced to the Niger Republic. Down South, years of causes of displacement have been relatively addressed availability of essential survival tools." 24 MONDAY AUGUST 23, 2021 •THISDAY THISDAY ˾MONDAY AUGUST 23, 2021 25

Group Business Editor Eromosele Abiodun Email [email protected] BUSINESSWORLD 08056356325 RATES AS AT AUGUST 20,2021 MONEY MARKET REPO S & P INDEX S & P INDEX EXCHANGE RATE OBB 16.75% CALL 4% INDEX LEVEL 547.96% 1/4 TO DATE 2.8% N410.80/ 1 US DOLLAR* OVERNIGHT 17.25 % 1-MONTH 6% 1-DAY 0.51% YEAR TO DATE -18.25% *AS AT LAST FRIDAY 3-MONTH 10% MONTH-TO-DATE 2.00% Abdullahi: National Digital Economy Policy Will Boost Media, Entertainment Industries’ Value to $30bn by 2030

Eromosele Abiodun and reach $30 billion by year 2030, done through the startups in the ministry of communication almost more than 50 per cent of economy Raheem Akingbolu surpassing PwC’s projection of the ICT sector to boost the and digital economy are also Nigeria’s gross domestic products “There are two promising $10 billion by 2023, the Director entertainment industry. working round the clock to (GDP). These startups are part emerging technologies that are With proper implementation General, National Information The federal government, position the SMEs as the bedrock of the SMEs. But what we want going to change a lot of things of National Digital Economy Technology Development Agency, he stated, is doing everything of the Nigerian economy. to achieve with this is how we in the world: Blockchain and Policy and Strategy (NDEPS), (NITDA), Kashifu Inuwa Abdul- humanly possible to encourage According to him, “Globally, can use innovation and IT to Artificial Intelligence. Based other government interventions lahi, has stated. investment in that direction to be SMEs provide more jobs than enable all SMEs.” on two reports by PWC, they and investment in infrastructure, Abdullahi who stated this in able to achieve its 2030 agenda. any other industry. In Nigeria, He said emerging technologies projected that by year 2030, the value of Nigeria’s media and an exclusive interview THISDAY He said his agency and more than 98 per cent of jobs and Nigeria IT ecosystem are entertainment industry will pointed out that a lot is being other relevant agencies under are from SMEs. It is contributing accelerating growth in digital Continued on page 27 Zenith Bank, GTCO Lead Five Others in N801.3bn Dividend Payowut to Investors in Three Darasimi Adebisi Despite domestic and contributed 30.4 per cent. years. Bank declared N58.6billion THISDAY that the dividend foreign macroeconomic Others financial institutions Zenith Bank between 2019 as dividend while FBN Hold- payout by these banks is on Despite the harsh operating challenges, these financial under consideration are Access and 2020 financial year paid ings dividend amounted to the heels of Central Bank of environment in the country, giants over the years have Bank Plc, United Bank for Africa investors N87.91billion and N39.13billion. Nigeria (CBN) policies to seven listed financial institu- sustained dividend payout (UBA) Plc, FBN Holdings, N86.34billion in 2018 as In addition, Fidelity Bank strengthen the financial sector, tions on the Nigerian Exchange to shareholders coupled with Fidelity Bank Plc and Stanbic dividend respectively. declared N15.35billion as stressing that the sector role Limited (NGX), paid investors growth in profit. IBTC Holdings. On its part, GTCO last year dividend between 2020 and is the nation’s economy is a total sum of N801.3 billion The National Bureau of Further analysis revealed that paid N83.1billion as total 2018. remarkable. as dividend between 2018 Statistics (NBS) had disclosed five out of the seven financial dividend while in the previous A review of the data showed Analyst at PAC Holdings, and 2020, data obtained by that financial Institutions under institutions have maintained a year, N81.01billion was paid that Zenith Bank leads in Mr. Wole Adeyeye said the THISDAY at the NGX has Financial and Insurance sector policy of paying interim and as total and interim dividend. the banking sector as the financial sector has benefited revealed. grew by 13.34per cent in full final dividend, a key factor Closing following them is management maintained heavily from the nation’s Analysis of the NGX data year 2020 from 2.4per cent in that has sustained investors’ Stanbic IBTC Holdings, which robust payout in the three economy, stressing that revealed that the seven banks 2019 and 1.41per cent in 2018. confidence in the domestic declared N101.3billion in the years under review. technology oriented services in 2020 paid N278.84 billion as Out of the N801.3billion capital market. period under review while Guaranty Trust Holdco came have impacted on profit that dividend, while N271.81billion dividend declared by these Specifically, Zenith Bank and United Bank for Africa declared second in terms of dividend to translates into profit and and N250.64billion was paid seven financial institutions, GTCO declared N262.16billion N81.05billion as dividend investors amid growing profit dividend to investors. as dividend between 2019 and Zenith Bank contributed and N243.57billion as dividend between 2018 and 2020. and other fundamentals. 2018, respectively. 32.7 per cent, while GTCO respectively in the last three During the period, Access Commenting, analysts told Continued on page 27 MARKET DATA AS AT FRIDAY, AUGUST 20, 2021 FGN BONDS BILLS OTC FX FUTURES CPs DESCRIPTION Price Yield Change MATURITY Discount Yield Change (%) CONTRACT Current MATURITY Discount Yield Change (%) (%) TENOR Contract Rate ($/₦) 11.150 FGNSB (MONTH) UNCP CP III 27- 100.49 2.86 -0.02 NTB 9-Sep-21 2.80 2.80 0.00 3.65 3.65 -0.07 11-SEP-2021 1 NGUS AUG 25 2021 420.93 AUG-21 12.364 FGNSB NTB 16-Sep-21 2.96 2.96 0.00 VAAG CP I 27- 9.62 9.63 -0.07 12-SEP-2021 100.59 2.89 -0.02 2 NGUS SEP 29 2021 422.38 AUG-21 TTNG CP II 31- 12.175 FGNSB 0.06 NTB 30-Sep-21 3.27 3.28 0.00 4.08 4.09 -0.06 10-OCT-2021 101.18 3.55 3 NGUS OCT 27 2021 423.83 AUG-21 SIBP CP I 2-SEP- 11.244 FGNSB 0.08 NTB 14-Oct-21 3.59 3.61 0.00 3.65 3.65 -0.05 16-OCT-2021 101.16 3.69 4 NGUS NOV 24 2021 425.28 21 NBRP CP XIII 10.296 FGNSB 0.17 NTB 28-Oct-21 3.90 3.93 0.00 5 NGUS DEC 29 2021 426.73 4.33 4.33 -0.05 13-NOV-2021 101.36 4.33 2-SEP-21 26 MONDAY AUGUST 23, 2021˾THISDAY BUSINESSWORLD STATUS REPORT Total Migrates from Half-year Loss to Profit

Darasimi Adebisi H1 2020, and the company’s ability receivables dropped by 49.6 per N186.9billion as at June 30, 2021 from to substantially push out volumes cent to N67.6million in H1 2021 from N143.6billion reported in full year ended otal Nigeria Plc migrated from given its vast storage and distribution N134.14million in H1 2020 to position December 31, 2020. half year 2020 loss to a profit channels. Also, cost of sales rose by operating profit to N12.53billion in The 30 per cent increase in total assets for the half year ended June 33.43 per cent to N125.83 billion in H1 H1 2021 from a loss of N716.8million was driven by 34.4 per cent increase in trade 30, 2021 following its improved 2021 from N94.3 billion in H1 2020. in H1 2020. & other receivables to N55.57billion as at revenue and cut in finance cost. Consequently, the proportion of On finance, the company reported June 30, 2021 from N41.34billion reported TEffective management of finance cost and cost of sales/Revenue dropped to finance income of N94.6million in H1 in ful year ended December 31, 2020. Impairment loss on trade receivables was 83.15per cent in H1 2021 from 88.2 2021 from N2.15billion in H1 2020 as Customers account contributed to current Total Nigeria’s profit defensive strategy to per cent in H1 2020. the company was not paid Petroleum trade & other receivables in the period, compensate for last year weak revenue. With increase in revenue, the Subsidy Fund (PSF) in the period under accounting for N20.8 billion as at June 30, The petroleum marketing company report company’s Gross profit grewreview compared to N2.04billion paid 2021 from N17.4billion reported in full year for half year (H1) ended June 30, 2021 significantly by 105.67 per cent in H1 2020. ended December 31, 2020. shows that the first quarter (Q1) revenue to N25.5billion in H1 2021 from Interest on unclaimed dividend also Advanced supply of products nearly growth and finance cost reduction reflected N12.4billion in H1 2020. dropped to N13.5million in H1 2021 doubled at about 97 per cent growth to on H1 2021 performance, forcing the Other income also grew by 217.4 from N32.45million in H1 2020, while N17.8billion in H1 2021 from N9.06 billion management to declare interim dividend. per cent to N2.47billion in H1 2021 interest on loans and receivables closed reported in full year ended 31, 2020. With positive performance in profit, from N779.4million reported in H1 H1 2021 at N63.78million in H1 2021 Total equity closed the period at the company declared interim dividend 2020, attributable to N1.26billion from N62.67million in H1 2020. N32.82billion as at June 30, 2021, about of N4.00 per ordinary 50 kobo per share. network income in H1 2021 from Finance cost, however, dropped by 17 per cent increase from N28.15billion The interim dividend translates into N763.4million in H1 2020. 57 per cent to N842million in H1 2021 reported in full year ended December 31, N1.36billion payout to shareholders of About 191.54 per cent increase in from N1.95billion in H1 2020. 2021. the company. Gain on disposal of property, plant Majorly, 41 per cent drop in Total Retained earnings played a significant From the profit & loss figures, revenue and equipment to N46.8million in Nigeria’s decline in finance Interest role in total equity increase in the period, showed increasing performance as the H1 2021 from N16.05million in H1 on bank overdrafts and loans to gaining 16.7 per cent to N32.65billion as at company leveraged on hike in price of 2020 also contributed to growth in N635.3million in H1 2021 from June 30, 2021 from N27.98billion reported Premium Motor Spirit (PMS). other income of Total Nigeria. N1.08billion in H1 2020 was responsible in full year ended December 31, 2020. Total Nigeria’s revenue returned to its In the period, the company for drop in finance cost in the period. pre-pandemic level as it grew by 41.8 also reported N184million and With effective management of finance, ANALYSTS REVIEW per cent to N151.33billion in H1 2021 N986.43million Gain on disposal of Profit before income taxation closed for from N106.7billion in H1 2020. raw material and Net foreign exchange the period at N11.78billion as against Commenting, analysts at Cordros securities Revenue from Total Nigeria’s gain respectively, other two factors loss of N796.9million reported in prior said they remain optimistic for second half petroleum products grew by 36.2 per that contributed to other income. half year result and accounts. year performance of Total Nigeria. cent to N114.04billion in H1 2021 from The company in prior half year Profit for the period closed at They said, “As the economy has effectively N83.74billion in H1 2020, while revenue reported N241.7 million Net foreign N8.07billion in H1 2021 from loss of reopened, we believe demand for petroleum from lubricants and others rose significantly exchange loss amid the instability N537.2million in H1 2020. products in the year will return to pre- by 62.3 per cent from N22.96billion in foreign exchange due to dwindling The company’s Earnings per share pandemic levels. As such, we forecast H1 2020 to N37.3billion in H1 2021. global oil prices and the loss was closed H1 2021 at N28.76 per share from 33.6per cent revenue growth in 2021FY. Total Nigeria’s revenue reported revenue not reported in the current half year. a loss of N1.58 reported in H1 2020. Over the medium term (2022–2025FY), showed that it remained a top pick in the Selling & distribution costs rose we model average annual revenue growth oil and gas downstream sphere, given Selling & distribution costs rose by TRADE & RECEIVABLES of 10.5% per cent, given our expectation its robust distribution network (over 560 nearly four per cent to N1.61billion in that Total Nigeria will sustain its volume outlets major marketers’ outlets). H1 2021 from N1.67billion reported in The petroleum marketing company expansion drive. As evidenced so far in H1 2021, Total H1 2020, while administrative expenses grew its total assets in the period under “We estimate gross margin will decline Nigeria has leveraged its scale in making rose by 16.3 per cent to 13.78billion review following growth recorded in by 200bps to 13 per cent in 2021E, given up for the pandemic-induced slump in in H1 2021 from N11.85billion in H1 its Current trade & other receivables (1) the pass-through impact of the rise in earnings in 2020 financial year. 2020. and loans & borrowing. crude oil prices on costs of production and The growth was driven by a solid Impairment loss on trade The company total assets hits (2) inflationary pressures due to structural performance across the business’ three inefficiencies and currency weakness. segments – Network (+43.1per cent; 71 “As the economy has effectively reopened, we However, we expect the topline growth per cent of revenue), General Trade (+305 to support EBITDA and EBITDA margin per cent; 24 per cent of revenue) and believe demand for petroleum products in the year and cushion the pressure from higher Aviation (+893.2 per cent; five per cent operating expenses. of revenue). will return to pre-pandemic levels. As such, we “Thus, we project 2021E EBITDA and accompanying margin will increase by INCREASE IN DEMAND forecast 33.6per cent revenue growth in 2021FY. 64.3 per cent and 113bps, respectively. We forecast EPS of N18.56 in 2021E, implying The increase across the business lines Over the medium term (2022–2025FY), we model growth of 205.4 per cent y/y compared to can be attributable to increase in demand the decline in 2020FY (-9.5 per cent y/y). given that the economy has effectively average annual revenue growth of 10.5% per Further out, we forecast an EPS CAGR of reopened, higher PMS prices (Average cent, given our expectation that Total Nigeria 10.6% in 2021-2025FY. Our EPS forecast price: N167.18/litre in H12021 vs N137.60/ aligns with Bloomberg consensus estimate litre in H1 2020) relative to Q2-20 and will sustain its volume expansion drive.” of N18.00 in 2021FY.” THISDAY ˾MONDAY AUGUST 23, 2021 27 BUSINESSWORLD NEWS ZENITH BANK, GTCO LEAD FIVE OTHERS IN N801.3BN DIVIDEND PAYOUT TO INVESTORS IN THREE YEARS He said: “The financial sector sector is growing tremendously to manufactured any products. All Shareholders Association of Progressive Shareholders Association has benefited from non-interest and investors are always expecting other sectors depend on the banks Nigeria (ISAN), Sunny Nwosu of Nigeria, Boniface Okezie com- income and interest income rev- returns.” to operate and it is responsible to said the dividend payout by mended these financial institutors enue. Financial institutions fees According to the MD/CEO their growth and dividend payout Zenith Bank, others give investors on dividend payment to investors, and commission has also increased Enterprise Stockbrokers Plc, Mr. every year, ”he said. confidence to retain their stocks stressing that the likes of Zenith following different online paying Rotimi Fakayejo, Zenith Bank, On his part, Arise TV Analyst, Mr. and invest more on NGX. Bank, GTCO, among others have channels. COVID-19 lockdown GTCO, among others are into Chika Mbonu; said the dividend He said: “If the dividend is put mechanism in place to sustain impacted on robust dividend last financial service delivery that payout by these financial institutions attractive, it encourages inves- dividend payout. year as a lot of banking activities cut-across sectors. is helping the liquidity of their tors to buy more -we call that According to him: “These banks was online. These banks that pay He said the sustained dividend stocks and creating room for high capitalism! If these banks have through the CBN policies have put dividend have actually grown over payout by these financial institu- demand on the NGX. not sustained dividend payment down a solid foundation and it is the years. The economy growth has tions highlight effective policies According him: “When inves- in the last three, it means the expected to make them maintain actually favoured the banking sector implementation by their board of tors know these banks are to pay sector has no hope. Investors are dividend payout to investors. Even in terms of technology advancement. management and how the nation’s dividend by half year and full meant to enjoy capital appreciation Access Bank and Fidelity Bank are “Meanwhile, investors now have economy has grown over the years. year, it attract them to buy their and dividend payout. It is always not left out as they continue to grow confidence investing in the banking “These banks have sustained shares. It is expected to boost delight these companies are paying in key fundamentals. As long as sector because they believed interim themselves amid the economy situa- their liquidity and drive economy dividend to shareholders. t is a the business continued to boom and final dividend will be paid. tion in Nigeria. Zenith Bank, among formation in a long term.” huge advantage when investors despite the economy challenges, The likes of GTCO and Zenith others that pay dividend on NGX Speaking from shareholder’s invest in companies that pay we shareholders expected them to Bank yield on dividend payout are service-oriented companies and perspective, the National Coor- dividend.” continue to pay interim and final last year was 10 per cent. The they don’t depend on raw materials dinator Emeritus, Independent Reacting also, the Chairman, dividend every year.”

ABDULLAHI: NATIONAL DIGITAL ECONOMY POLICY WILL BOOST MEDIA, ENTERTAINMENT INDUSTRIES’ VALUE TO $30BN BY 2030 Blockchain technology will per cent to the GDP. If Nigeria billion, Flutterwave $1 billion, we are on track based on our believed that one must first Speaking on the relevant add up to $1.76 trillion to targets only $10 billion, which Interswitch $1 billion, and then initiatives, based on government understand technology before training initiatives being put in global GDP. The report added is far less than 5.6 per cent of Jumia is already valued at $1.9 policies like the National Digital embracing it for use.” place to strengthen this drive, that developing countries can our GDP today, we can have billion. Roughly you have $6 Economy Policy and Strategy “To this end, we are work- he disclosed that the agency add 4 per cent of the GDP if $20 billion comfortably, ”he said. billion in Lagos alone talk less of (NDEPS), and other government ing on two folds; firstly, we recently launched its digital they use that technology. Speaking on how is NITDA the other parts of the country.” interventions in form of policies are committed to getting all state initiative which majorly “For example, Nigeria’s GDP supporting Tech Startups in Ni- He added, “If you look at and infrastructural interven- Nigerians to understand how targeted three areas; Microsoft today is more than $400 million. geria, he said, “Based on Startups the media and entertainment tions. All these can help us to to use digital devices. Because Word, Excel and PowerPoint. The 4 per cent of $400 million Genome report of 2020, Lagos industry, it is powered by digital reach that target of $30 billion you need to understand how to Other focused areas accord- is more than $10 billion. That is startups ecosystem is valued at technology, mostly startups. by 2030.” use the devices before you can ing to him are; digital content the minimum GDP Blockchain more than $2 billion and also Based on PWC report, the Abdullahi said digital skills be part of the digital economy. creation and digital marketing. technology can generate. They recently, two of our startups have Nigeria media entertainment and literacy is a pillar in the So, we embarked on so many Also, he explained while also projected that Artificial Intel- reached unicorn level that means sector will be valued at $10 Strategic Roadmap and Action initiatives, on training people NITDA appears to be focus- ligence can add more than $10 evaluation of more than $1billion billion by 2023. So, you can Plan under the National Digital with special needs, people living ing more on digital platforms, trillion to the global GDP by 2030. each. They are Flutterwave and see that we are almost at that Economy Policy and Strategy with disabilities, children, women, pointing out that the decision They said developing countries Interswitch. So, now we have $4 targeted $30 billion. So, we hope adding, “The government is and artisans on how to use digital was strategic to deepening like Nigeria can add up to 5.6 billion. Lagos ecosystem has $2 we will exceed that target and serious about it because it is technology,” he stated. digital revolution. 28 MONDAY AUGUST 23, 2021˾THISDAY BUSINESSWORLD INTERVIEW Sharubutu: Dearth of Skilled Manpower, Bane of Agriculture Despite its vast arable land, Nigeria is nowhere near food sufficiency or security, a situation attributed to various reasons. To Prof. Garba Sharubutu, Executive Secretary/Chief Executive, Agricultural Research Council of Nigeria (ARCN), the dearth of skills is a major drawback. In this exclusive chat with James Emejo, he shares his aspirations to overturn the existing template for funding agricultural research, strengthen communication between farmers and research institutes as well as publicise the contributions of research to national development, among other objectives Could you give a brief introduction would not know what is there. of the ARCN and its primary mandate? And on out own part, we have an introvert hank you. The Agricultural Research type of activity because we felt we are all- Council of Nigeria (ARCN) is a in-all and that people would always come parastatal under the Federal to us for them to get information. So one, Ministry of Agriculture and Rural we are bedeviled by the fact that people do Development, established as far back not even see us as nation builders and so asT 2007 by an Act of the National Assembly. people do not seek information from us to It was actually established to coordinate actually know what we’re doing. and supervise agricultural extension training However, events of nowadays have come and research. Before now, the Agricultural to prove that these research institutes have Research Institute, about 15 of them, were been doing quite a lot. If you go out there operating in isolation and because their on the field, the typical village farmer knows operations were in isolation, they suffered the existence of various varieties of rice, they two to three disadvantages. know the existence of varieties of cassava, One, they were subjected to the bureaucracy and they know the ‘mini-sett’ technique for of the and as a research institute, yam farming. They know a lot about the if you subject them to such bureaucracy, horticultural products that are there, which certain things get delayed. The second issue variety of okro is doing well. that it was meant to address was the issue Now, let me narrow down to the few of publication of research activities. Each achievements that we have recorded recently. research institute needed to be given a specific Look at what the National Veterinary Research mandate that would cover a specific crop Institute had done in Vom, in terms of keying and in order to do that, it needed a body into the issues of diagnosis of COVID-19. that would coordinate its activities. Thirdly, Right now, it is a center for diagnosis of this the funding or budgetary allocation for the disease within the North-Central zone. Before various research institutes were done in a now, in 2004 or thereabout, we had been a civil service manner: that is it followed the regional centre for fighting animal diseases for ministerial order. And for research institutes West and Central Africa. This is our research that are supposed to be ongoing and rolling institute but because this does not come into for over 10 years, if you subject them to the the focus of the general population, they type of funding that is given at the various don’t see anything. The typical herdsman, ministerial levels, it is going to be a problem the pastoralist knows of the existence of the and it would affect them. National Veterinary Research Institute because So these were the three reasons the we provide the vaccines even though not government felt that there was a need for adequate, for fighting animal diseases. a coordinating body for all the agricultural When Rinderpest came out in 1992 or research institutes and this is essentially what thereabout, it was our research system in the ARCN was meant to achieve. this country that brought about the end But in establishing the body, government of Rinderpest to the extent that we have also in its own wisdom decided to give about eradicated Rinderpest in this country, and nine mandates and they include principally the it is the efforts of our research institutes. fact that the council will advise government on When the Avian Influenza was reported policy issues that have to do with agricultural in this country, the research system coupled research, extension and training to cover with the universities, the research institute the universities and our research institutes, in Vom and of course, government policy polytechnics and generally anything that has were responsible for the control of the Avian to do with research. influenza far before countries. That is for The second thing is that having understood veterinary research. the policy direction of government, the Now, if you go to Shika, where you have council will be responsible for monitoring a new breed of chickens that we have come and supervision and coordination of the Sharubutu up with - that is Shika Brown - if you go agricultural research training and extension. to the Federal University of Agriculture, Thirdly, the council will be responsible for be negotiating funding for the purpose that such institutions particularly the Abeokuta, they have developed a new the design of researches and the designs are and the need to do that is because in agricultural research entities have been variety of chicken that can grown very not because the various research institutes do isolated fashion, government may not be failing in this regard. How do you fast. Now, if you go to the National Root not know how to design but the responsibility aware of those who are actually assisting react to this perception? Crop Research Institute, Umudike, they have of the council is to design it in line with the in developing our potentials. Well, I have a double approach to succeeded in developing a variety of cassava policy direction of the government. So when the council gets the funding, this question. The perception may be that has incorporated vitamin A in order to The fourth one has to do with the issue if they will inform government during correct but I am of the view that it is solve the problem of eyesight. The National establishing linkages with organisations that budgetary hearing, they will inform the not correct from my own point of view. Institute of Horticultural Research conducted are outside the government or outside the Federal Ministry of Agriculture and the Now, why do I say that the perception is a research during the dreaded tomato blight. country. There’s nowhere in this world that ministry will in turn inform the Federal correct? You know until now that we are We were the ones that developed the control research will be conducted without adequate Ministry of Finance, Budget and National bringing out some of our findings, until of that tomato blight in this country and of knowledge of the government - and so nobody Planning. now that the situation has forced people course, the tomato farmers know that very just gets into the country and begin to operate The sixth mandate has to do with to now go into farming, people virtually well because it was devastating. If you go and conduct research, bringing in materials documentation. Our research findings neglected agriculture to the background. to ABU Zaria, just recently because of the from other places, testing and carting away must be documented in such a way that And so whatever is happening in terms problem of cowpea - beans- everybody knows our various potentials. it’s easily accessible to people. There’s of agriculture people do not know. about the problem of low productivity of So the council will be responsible for linking no need for a situation whereby people If you listen to all the FM radio stations, cow pea. The insect pests that are destroying our various research institutes to international want to know what’s happening in this we popularise music more than we the beans right from the field to the extent donor agencies so we will be an arbiter in country and then they will not know. If popularise agriculture, we popularise that it made it very difficult for us to export case there’s need for intervention. we allow the various research institutes ceremonies more than we popularise our beans. The fifth one there is that we should to operate independently, you will find agriculture. You will find out that if a Right now, with the collaboration of the be responsible for sourcing out funding out that there will be no coordinated ceremony is about to take place, whether it African Agricultural Technology Foundation forthe various research institutes because information. And so we have to document is wedding or political activity or cultural (AATF), we have come up with a variety as a council, right now the world is going the research works. These are some of dance, the publicity given to them by of SAMPEA 20-T; we developed this in this towards a one- council operation where all our mandates, among others. the media or sponsors of these occasions country and this is to fight against that pest. countries key into the CGRA, which is the far outweigh what we do in agriculture. So, with these chains of activities you see grand council internationally for regulation It is believed that research You would find out that even in the print it’s something big. If you go to the South of research activities. institutions exist to find solutions to media, a small column is always given Western part of this country you will find out As part of that council, we will be able to societal problems, but it would appear to the issues of agriculture. So people that the various state governments know the THISDAY ˾MONDAY AUGUST 23, 2021 29 BUSINESSWORLD INTERVIEW

You are a major stakeholder in the contribution of the Institute of Agricultural agricultural sector. What do regard as key Research and Training in Ibadan. The Ahmadu challenges to maximising the potentials Bello University Institute of Agricultural of the sector? Research has the responsibility of bringing You see, skills acquisition by our various various varieties of millet, okro, sorghum farmers is crucial. And I have said these and maize. These are all available. things times without number - agriculture What we need to do is to move from out is a science, farming is a profession and you cocoon, burst the cocoon and come out and must put these two together. If you ask who tell people that this is it. I told you initially is a farmer, can you define a farmer? You that the perception that the research institutes can’t define a farmer and because you cannot may be right - it’s because for each research define who a farmer is, everybody at his institute we have created sub- stations but leisure becomes a farmer. these sub-stations, because of the funding President Muhammadu Buhari, from my situations, have remained dormant. They are own experience, has released more money non functional so to say. We have personnel than any government in this country in terms and infrastructure there but the Minister of of trying to help people to farm. Through Agriculture and Rural Development, Alhaji the Anchor Borrowers Scheme, and the Sabo Nanono, in his own wisdom has decided Agric Small and Medium Enterprise Scheme to direct that these sub-stations must start (AGSMEIS), the central bank has made a lot functioning and he has directed that every of resources available and I am not arguing Institute’s budget must reflect what activity they whether it reaches the people or not but I are going to do at each of the substations and can tell you and I have discussed with my he meant it very seriously because he didn’t state governor - Governor Simon Lalong of just communicate verbally, he communicated , and they have all attested to in writing and in public activities. the fact that look, some of these resources Apart from that, he said our extension had been distributed. activities in order to augment what the state governments are doing, our extension activities People have confessed that they have seen must kickoff. So he wants the establishment these resources but you know farming is of outreach centers not located in the cities not about getting the money. One, who is this time around but in areas of concentration the farmer that had received the money? of the farmers and that involves not only What is the interest of that farmer that out research institutes but also involved our has received the money and where is the federal colleges of agriculture. farm he is cultivating? Before we talk about other factors of In recent times, there has been mixed production, we must recognize that the skills feelings among farmers and Nigerians to a are not there. It is the skill that makes you large extent over the safety of genetically “You see, skills acquisition by our a farmer. In the comfort of this office, I can enhanced crops, animals and birds. These be an absentee farmer; I don’t know when concerns have come amidst isolated cases various farmers is crucial. And to plant, I don’t know when to grow, I don’t of food poisoning, among others. As an know when to weed, I don’t know when to authority in the food research space, are I have said these things times do anything and government comes to say there really side effects to these genetic take N10 million and go and invest. It’s going alterations in agriculture? without number - agriculture is a down the drain. So this is a major challenge. Thank you very much. Productivity is Acquisition of skill is not just meant for driven by policy. Policy is the handwork of the student of agriculture but it’s meant a government. Without singing praises, the science, farming is a profession and for the farmer because it is only when the current government decided that there would farmer has the skills that he will know all be no policy somersault but rather they will you must put these two together.” these stages of farming and he will know prefer to build on what had existed before. all he needs to do in order to protect his The President MuhammaduBuhari regime investment. has created and strengthened existing bodies If you move from Abuja to Keffi, there that have regulatory functions on some of So these are some if the things that finish the first phase, funding should are many farms established by the roadside, those things, and it is based on this that I this government has done. Before then, be released on proper accountability they’ve all come up and collapsed. This is due am telling people that if products get into yes, some of these organisations existed for the second phase to take-off. to lack of skills not because they don’t have anywhere and they are adjudged as poisonous but in order to strengthen and ensure But a situation where you use the money. By merely seeing the infrastructure then you know that it is not the regulatory safety, more have been created and of budget template in the country and they have put there you know they’ve mechanism that has failed, but may be there’s course to ensure synergy for us to do you release money in April and then spent money but because the skill is not a criminal involvement. that. And you know that these are not the next batch of money is coming in there those farms are subjected to pilfering So, what are those things that have been organisations that are under one ministry. September; now you finish one phase and maladministration and poor techniques put in place? One, the Soil Science Council The Ministry Of Science is there, Ministry and you have to wait until funding is of doing things, and these also affects out has been put in place to regulate what goes Of Environment is there and the Ministry available before you move to the second farmer in the village. on with the soil. The Plant Protection Bill Of Agriculture is there. phase. This is a major challenge and Let us subject our agricultural students to has just been passed and signed into law a very serious challenge. internship. Can we train them for a period of by President MuhammaduBuhari. The seed What are the challenges confronting Now, one other thing which remains a three months just like the medical students council has been strengthened and given agricultural research in the country, challenge is honestly the issue of capacity. after graduation are subjected to internship for better capacity and funding to exist. The and how are the various institutions The capacity is a problem because we one year, the student of veterinary medicine National Agricultural Quarantine Services has being strengthened to be more effective always give priority to one sector over to internship...there they’ll develop the skills been strengthened, the bill has been signed in their roles? the other. So if you go to a research and love. into law and very strong executive powers There is one major problem affecting institute for example now, you will find So, the syndrome of paper qualification will have been given to the council to ensure agricultural research and for our council out that we tend to align our training be removed through that internship. Now, prosecution. The National Variety Release specifically: it is the issue of the template methodology toward a particular side. those who have successfully passed through Committee has also been strengthened. for budgeting. And I want people to Today we say maize is very important the internship can then be the beneficiaries of What we have done to assure people get that very clear. We are not talking and so everybody wants to go into our anchor borrower scheme and interventions. is that there is now a synergy in the about funding because for now honestly maize, thereby neglecting other areas. By do doing; we will not be losing a good strengthened organisations and the funding is on the increase. But the We need a lot of breeders that are number of them to recharge card selling and new ones that are created by President template for the release of funds is trained to international standards and to fraud or crime, among others. Buhari. How is that being done? We our major problem. what we are talking about is a training developed at our research institutions new If you subject the research institutes that would ensure this. The council is now At the end of your tenure at the ARCN, crop varieties and we are not allowed to the funding templates of the budget, trying to organise what we call twining what legacies would you like to leave to develop and propagate. These are it is going to be a problem because for of laboratories to try and see how we behind? subjected to environmental and human research there is always a methodology can partner with other laboratories. Even What I need to achieve now is a focused safety procedures. These are now sent to the until the end result. within the country, once you are better budget on research. We want to redesign the national seed council which deliberates on So, once you have a stop at a certain in terms of biochemistry for example, template for funding research. That’s one. it, sends them to the National Biotechnology phase, it would affect the next phase we make sure that this laboratory links Two, we want to have a better synergy among Development Agency (NABDA) again for you will enter because researches are up with you; we may be better in one all the agencies of government that has to human and environmental safety. expected to be time-bound. So at a certain part and you are better in other part do with agricultural research. Three, I want From there, there is a meeting of variety point in time when the money budgeted and so we link up. We want to ensure an effective communication system for the release committee and before an item is for that purpose is not released, then regular interaction between our various farmers; to take research findings from the released by that committee. It is a very there’s a problem. staff and researchers so that we will be research institutes to the farmer and these tedious process; you have to defend and Elsewhere, from my experience of the able to build this capacity. will involve an efficient agricultural radio on convincingly tell people that this thing is World Bank sponsoring our research, And of course one final challenge 24- hour service and an efficient television safe. Now, it is only when it is approved they budget the money and that money which I hope the Plant Protection Bill on 24-hour service. For now, our studio is by the variety release committee that these does not lapse. So you have that money will be able to address is our capacity ready, our mast has been erected, we have things are being sent to the public. not under your custody but with the for conservation. Most of the crops you paid for registration and we are now trying Now, the direct sending to the public is sponsoring body - may be at the level see in this country now we rely on what to come out by the end of this year. not also done; we get offtakers, those that are of the accountant general or central is coming from the outside. But with the Lastly, I want the presence of all our interested. Reputable seed companies have bank. Once you say okay this research Plant Protection Bill, with our insistence research institutes in every nook and cranny to key in, take off these products; develop will take N10 million but we phase on trying to see that we establish our of this country through the establishment them and they also in their own laboratories the costing of this research - may be gene bank, the issue of conservation will of numerous outreach centers so that our subject the seeds to quality assurance before there are five phases of N2 million become a thing of the past within a very farmers will not find it difficult to access being released to the public. each, immediately you are about to short time. information. 30 MONDAY AUGUST 23, 2021˾THISDAY BUSINESSWORLD PERSPECTIVE When Not To Be Finance Minister Bisi Daniels we sit down and reconcile our revenues f as it has been suggested, facial and tally up the numbers. We are working expressions and body movements on interfacing all the IT systems to see account for between 60 to 65 per companies’ revenue on a real-time or near cent of all communication, the plain real-time basis. public face of Mrs Zainab Ahmed offers “I am prioritising revenue generation nothingI in body language about her current as the biggest challenge,” she said. “As a position as Minister of Finance, Budget and result, I am steering my team to implement National Planning. some revenue growth strategies aimed at As prestigious as the portfolio is, it comes boosting revenue performance, by deploying with delicate responsibilities and high public new initiatives.” expectations. The minister also constituted Tax Appeal The occupant of that office is the immediate Tribunals across the country to accelerate recipient of blame for an economy gone the resolution of over 209 pending cases wrong; and with the current economic relating to tax revenues of about $18.804 challenges, the seat must be hot enough billion, N205.654 billion and €0.821 million. to leave traces on her. To improve accountability and ultimately Yet, at best, people gifted with the power of improve the performance of Government- description can only describe Ahmed’s public owned Enterprises (GOEs), the expenditure face as plain, tending towards seriousness plans of the revenue generating entities and devoid of emotions. were reviewed for the introduction of more A lady called her “Obirin Metta” in the proactive revenue tracking and monitoring Yoruba language, meaning a powerful woman mechanism. with a three-in-one portfolio, but even that Also, through improved planning and a leaves no shade of pride or fatigue on her. harmonious relationship with the legislature, “If she wears pride because of her the country has restored its more business- important ministry,” one observer said, friendly January-December budget year. “you would have heard lawmakers, she The 2020 winner of the Finance Minister often meets with, accuse her of arrogance Prize of the African Banker Awards has been or even threaten her with arrest. commended for “pushing through a set Another test of her humility came when of difficult reforms as well as successfully Edo State Governor, Godwin Obaseki, accused engaging international partners to help the the government of “economic rascality” for country navigate an extremely challenging allegedly printing money for the Federation economic environment.” Account Allocation Committee to share She admitted last week that, “The year among the tiers of government. 2020 was like no other year, particularly due Her response was measured. She said, to the impact of the COVID-19 pandemic, “The issue that was raised by the Edo Ahmed Our three-year consecutive growth in the State Governor for me is very, very sad GDP was stalled at the second quarter of because it is not a fact. “What we distribute above $70 per barrel will create major or be afflicted with a poor maintenance 2020 by the harsh economic impact of the at FAAC is revenue that is generated and, distortions in the corporation’s projections habit. The debt will still be there. global pandemic. in fact, distribution of the revenue is public and add more problems to it. The Director-General of the Budget The Ministry helped to take the economy information. We publish revenue generated Clearly an embarrassing irony, but Office of the Federation, Ben Akabueze, through the frightening months of COVID-19, by FIRS, the Customs and the NNPC, and as a top member of a government that recently provided another dimension of and also helped to set it on a path to steady we distribute at FAAC. It is not true to say chooses socio-political stability at a high the revenue question when he admitted growth. we printed money to distribute at FAAC; economic opportunity cost, a finance that Nigeria’s federal budget, at 4.6 per Under her charge, the Finance Act 2019 it is not true.” minister can only add the search for cent of the gross domestic product (GDP), was passed at a record time before the The weight of her portfolio, including the a balance to her job. is “too low in terms of number and the 2020 budget. Counting the benefits, she unceasing flow of high-level meetings she Also, although she has persistently socio-economic challenges. said, “Through the Finance Act, we have attends frequently are expected to leave stress argued that the country’s increasing According to him, the country’s achieved the following: Value added tax marks of her face, but none is visible. Not debt burden is manageable, Ahmed revenue to GDP is currently about eight (VAT) rate increase from 5 percent to 7.5 even the burden of the national economy does not fail to recognize the poor per cent, just a percentage ahead of percent, which was implemented in February has been able to leave marks, any more revenue match. Sudan, which sits on the bottom of the 2020; introduction of a N25 million threshold than her trademark glasses has. According to her, “The Nigerian debt regional ranking. South Africa’s 29 per for small and medium enterprises (SMEs) Confident on of her job, she looked like is still within sustainable limit. What cent, and ’s 33 per cent compared for eligibility for VAT collection; reduction one who has no worries for a long time we need to do as I have said several to a 22 per cent regional average. of tax rates for SMEs (0 percent and 20 until she confessed she has them, including times is to improve our revenue to Also, with an inflation rate of 17.38 percent respectively); administering of the one that causes her sleepless nights. enhance our capacity to service, not percent, down for three consecutive Finance Act 2019; automation of import duty Asked by Poju Oyemade, senior pastor only our debt, but to service the needs months; 82.9 million Nigerians adjudged exemption certificate (IDEC) and vehicle of Covenant Christian Centre, during “The of running government on day to day to be living in poverty, Gross Domestic registration (V-REG); and automation of Platform,” (an annual conference organised basis. So our debt currently at about Product of 152,32 trillion Naira in 2020, the collection of stamp duty.” to mark Nigeria’s Independence anniversary), 23% to GDP is at a very sustainable and an annual growth rate of 0.51 per Other achievements include defraying to list three things that keep her awake at level if you look at all the reports that cent as at March, 2021, the macro- inherited debts and liabilities since 2015, night, the minister replied: “Number one you see from multilateral institutions.” economic indicators look promising such as the refund of the $5.4 billion Paris is revenue, number two is revenue and Similarly, the Debt Management but could be better for a country in Club debt over deductions; payment of the three – I would say, is revenue.” Office (DMO) recently reacted swiftly need of fast development. $6.8 billion Joint Venture (JV) Cash Call Ahmed’s availability for the event also to recent reports that the World Bank The problem boils down to the low arrears and N1.9 trillion contractor/Export attests to the modesty and accessibility of had classified Nigeria among high–risk revenue base of the country with a Expansion Grant as well as N488 billion a minister who has also granted lengthy debtor countries. widening expenditure profile. refund to states for roads. interviews to many mainstream newspapers. Denying that Nigeria is a high-risk An observer said recently that anytime Despite her achievements, challenges Knowledge of the complexities of her country, the DMO said that Nigeria’s she hears of fresh payment approvals by persist, some of them as big as the urgency portfolio should also equip her with the IDA’s debt stock as at June 30, 2021 was the Federal Government, especially for to increase revenue streams and growing understanding that Nigeria’s lean revenue $11.7 billion, explaining that IDA loans unions that should know the state of the the economy fast enough to effectively base, which has been further eroded by the represent one of the most favourable economy, she pities the Finance Minister, address poverty, as well as ensuring an socio-economic impact of the COVID-19 borrowing options for countries like wondering if “Nigeria’s cloth is being all-inclusive economy. pandemic, offers scary scenarios to anybody Nigeria and is also consistent with the cut according to size or the material.” The challenges are some of the reasons it who understands basic economics. Medium Term Debt Management Strategy Concerned about the trickling revenue may not be the right time for one to enjoy However, even as one rejoices with the of the Federal Government. However, stream, Ahmed said: “We have been the leadership of the A-class ministry. minister over recent increases in oil prices, the current burden of debt-serving could trying to block and also enhance the But Ahmed is showing that when not the joy is quickly discounted by the burden be intimidating. cohesion of our people, especially within to be a finance minister, is when one is, of fuel subsidy the Federal Government While it may be comforting that chucks the revenue ecosystem. We have invested indeed, needed. has tied around its neck. of the borrowed funds go into infrastructure in IT system and trying to collaborate Critics who have said she is not a core One observer was recently rejoicing for financing, it can only be hoped that the and bring things together,” Ahmed said. economist, like some other countries have, her over the affinity of oil prices with the next government will not be profligate “We have a process whereby monthly, are faulted by her obvious economic literacy roof at over $70 per barrel until the Group and the fact that in the face of the daunting General Manager of the Nigerian National economic challenges, she has shown calmness Petroleum Corporation, NNPC, Mele Kyari “Despite her achievements, challenges and courage, doing her job effectively without deflated him with the explanation that higher drama and clatter. Her experience as Minister oil price was ironically bad news for the persist, some of them as big as the of State for Budget and National Planning economy. before her promotion has also served her He described the rising price of crude oil urgency to increase revenue streams well. as a “chicken and egg” situation, expressing With hardwork and belief in the economic concern that the prices had started exiting the and growing the economy fast enough prosperity of the country, even during scary comfort zone set by the NNPC to becoming times like the recent recession, Ahmed a burden. to effectively address poverty, as well as continues to inspire hope. Kyari put the comfort zone globally at t #JTJ JT BO BVUIPS BOE KPVSOBMJTU $58-$60, saying that for the NNPC, anything ensuring an all-inclusive economy.” CBTFEJO-BHPT THISDAY ˾MONDAY AUGUST 23, 2021 31 BUSINESSWORLD NEWS AGSMEIS: Loan Application Cumbersome, EDIs Frustrating Scheme Says APSAN Gilbert Ekugbe federal government through the frustrating the government’s nificantly to the nation’s Gross is why we are seeing the rise in from hydrocarbon resources. CBN so that farmers can access plan to diversify the economy Domestic Product (GDP), noting food prices. We are calling on Even at a time when inflation The Agricultural Produce loans, but some of these policies through agriculture that concrete efforts must be the federal government to be reduced, the prices of commod- Sellers Association of Nigeria are not being implemented Reacting to the spate of carried out to ensure that the very serious about transforming ity were still high because these (APSAN) has bemoaned the effectively. Some people have insecurity hindering farming safety of farmers is guaranteed. the agricultural sector because farmers could not go to the cumbersome process of ap- applied since February 2020 activities, he said the nation’s “The herder-farmer conflict is it is one of the surest ways to farm or take their produce to plying for the Central Bank only to see their application agriculture contributes sig- affecting the economy and this diversify the nation’s economy the markets,” he added. of Nigeria (CBN) Agribusiness declined after spending money Small and Medium Enterprises on the training and business Scheme (AGSMEIS), noting that plan. This has created an avenue Entrepreneurial Development for EDIs to exploit people. This Institutions (EDIs) are taking is not good. We have over 100 advantage of the situation to EDIs that are exploiting people.” extort money from applicant. According to him, many In a chat with THISDAY, the of its members have fallen National president of APSAN, victims, calling on the CBN Aloy Akortsaha commended the to scrap EDIs. scheme, but said the purpose “Our members have fallen for which the programme was victims of this and they keep introduced is being defeated bringing complaints to my no thanks to EDIs. table. The policy is good, but Meanwhile, the Nigeria the process is not encouraging Incentive-Based Risk Sharing and we want the CBN to stop system for Agricultural Lending the EDI from exploiting us. (NIRSAL) Microfinance Bank The process is wrong that is had issued a statement to deny why the EDIs are capitalising this claim and promised to grant on it to make money. They approvals for loan requests. charge N5, 000 for business Akortsaha said: “The AGS- plan, N10,000 for consultation MEIS purposely introduced and N10,000 for training which by the federal government to makes it N25,000 altogether. give long term loans of 8 years, The process is very cumber- but NIRSAL has succeeded in some that an individual cannot empowering or creating an apply on his own from the avenue for EDIs, because before beginning to the end, so you accessing these fund, you must must pass through these EDIs go through the EDIs who would and they will exploit you and train and prepare a business it is very unfortunate,” he plan for you for about N25, stressed. 000, but after paying this fee, He however stated that applicants still cannot access there are commendable poli- BOOSTING PORT OPERATIONS… the loans just a fragment of cies being formulated by the L-R: Planning Manager, APM Terminals Apapa, Riyaz Melekolangath; Captain of CMA CGM LAPIS, Capt Aly Ghari; Commercial successful applicants have so Ministry of Agriculture and Manager of APM Terminals Apapa, Temilade Ogunniyi and Deputy Operations Manager, APM Terminals Apapa, Ogechi Obinna far accessed this loan since the Rural Development aimed at Uzoma, onboard the CMA CGM LAPIS at the launch of APM Terminals Apapa’s Berthing Window service in Lagos… recently inception.” helping farmers in the country, He added: “NIRSAL is a but stated that the implementers very wonderful policy by the of these laudable policies are ‘Logiscool Will Transform Nigerian MTN Reassures Children, Small Businesses’ School Manager of Logiscool, fun-based activities, they do not have too many staff, it is popular, there are no country Nigerians on Long Term Jasmina Marcikic, launch of its would become much more not a big investment, so it also boundaries. We have some of first Computer Coding School prepared to fit into the highly an investment opportunity for these kids that can not go to for kids and teens, Logiscool, demanding tech market space; small businesses, the returns of proper schools but if we can in Business Relationship will transform Nigeria’s digital because I know they do not the investment is very fast and the future maybe find proper literacy. get this type of training in the then we give them know-how partners we are willing to give Emma Okonji key roles in the 20 years journey Logiscool, is an international regular schools and universities, from the marketing training. this kind of education to many of MTN Nigeria. programming school that orga- from my experience it is not They get the proper training in broader students.” MTN Nigeria, yesterday, restarted “The customer is key to nizes regular computer coding just Nigeria, this age group is our franchise, ”Marcikic added. In a world driven by technol- its commitment to promote long us and we do not take them after- school classes and summer usually not targeted,” she said. The school manager pointed ogy, Marcikic added that the term business that will enhance for granted. As our customer camps for kids, teens which Marcikic also stated the out that not all Nigerians can school uses a carefully designed economic growth of Nigeria. base increases, we also invest was first started in Budaörs, launching of the school in afford the training for their curriculum to teach children CEO of MTN Nigeria, Mr. Karl in our network to accommodate Hungary in January 2014. Nigeria provides investment kids, hence the reason for their how to become active creators Toriola restated the ommitment more customers. We support In a statement, Marcikic opportunities for small busi- plans to partner with NGOs of technology, not just passive during the 20th anniversary our customers to ensure that said the school’s main aim is nesses, which also offers chances to help the less privileged users. celebration of MTN operations they receive quality service that to create a platform that would of making high returns. Nigerian children be a part “Children do not just use in Nigeria, which held in Lagos. will keep them active on the ehnace the development of “There is a master franchise of the training process. their phones to play gams, According to Toriola, “MTN network during communica- digital literacy amognst young and there is also an opportunity She said, “Not everybody can here they actually learn to Nigeria is a Nigerian entity and tion,” Nwoye said Nigerians. for us, as you can see, the school afford this type of education and create something and be will continue to do things that “ MTN has established “We want to create digitally here to sell the franchise to come directly to our schools, but creatos. We are not just creat- will promote the growth of partnerships with Nigerians literate young people with the other single units. So we are through NGOs, we think that ing programmers, we are the Nigerian economy, though from all walks of life and we knowledge they gain here, not also searching for our partners the kids and underprivileged creating digital literates kids partnerships and long term have sustained our customers just in programing skills, but because this one is for small- kids can learn digital literacy. and through unique kind of value business. As part of the and partners since 2001.In the through the problem-solving sized businesses. After all, we Nigeria is starting to be very learning methodology.” celebration, MTN had initially area of job creation, MTN has announced it would give out empowered millions people 20 brand new Honda cars to directly and indirectly, which 20 customers.” cut across MTN staff, site engi- The customers who received neers, airtime vendors, service APM Terminals Apapa Boosts Service the keys to the new cars providers among others,” the yesterday, were selected from Chief Sales Officer said among MTN customers across According to Sanya,” MTN Delivery with Berthing Window the country who bought MTN sets aside one per cent of SIM cards from inception in its profit to fund the MTN APM Terminals Apapa has Window by the Commercial and exporters,” Smith said. ping is all about time and time 2001 and are still with the Foundation, which has touched launched a Berthing Window Manager, Temilade Ogunniyi, The Port Manager of Lagos is money. We want to reduce MTN brand. many lives and saved several service to reduce the waiting said the service will enable the Port Complex Apapa, Olu- the number of ships that are Chairman of MTN Board, Dr. sick people. MTN has equally time of ships and help consignees allocation of a fixed time period funmilayo Olotu, who also kept waiting at anchorage. So Ernest Ndukwe narrated the supported students through its take prompt delivery of their for vessels to berth, discharge, witnessed the launch of the for every minute that a vessel journey of MTN Nigeria since scholarship programne designed consignments at the port. load and sail. Berthing Window, commended is kept waiting, we are talking the rollout of its telecoms services for Nigerian students across The first Berthing Window for He said the new Berthing APM Terminals Apapa for the of global economic implications. in Nigeria in August 2001, and tertiary institutions of learning.” the WAF/MWX service (operated Window is another major new initiative, which she said Therefore, our duty is to ensure thanked loyal customers who The Chief Technical Officer by Hapag Lloyd, CMA-CGM & milestone achievement at APM would boost service delivery and that we reduce the waiting remained with the brand since (CTO) at MTN Nigeria, Mr. Arkas) was launched recently Terminals Apapa to enhance eliminate ship waiting time at time to the barest minimum, inception. Mohammed Yusuf, while field- with the arrival of the 4,360 service delivery and improve the port. and we are collaborating with Chief Customer Officer at ing questions from journalists, TEU CMA CGM LAPIS at customer experience. “This development means the APM Terminals to ensure that MTN Nigeria, Ugonwa Nwoye, said MTN would continue to APM Terminals Apapa, which “The berthing window is a schedules are sent ahead and customers are satisfied,” Olotu who featured at a panel ses- work with state governments is located within the Lagos Port major step towards bringing there will be no more waiting said. sion along side the Executive and state government agencies Complex, Apapa. structure to the berth schedule, time. We are placing premium Also speaking at the event, Secretary of MTN Foundation, to address the issue of Right The Chief Commercial cutting waiting time to zero, as- on professionalism and profes- Senior Manager, Operation Odunoya Sanya and the Chief of Way (RoW) charges, to en- Officer of APM Terminals sisting shipping lines to maintain sionalism means aligning with at Hapag-Lloyd, Abimbola Sales Officer of MTN Nigeria, able MTN rollout more of its Apapa, Richard Smith, who was a regular fixed arrival time, and international best practices, one of Kolade, commended APM said MTN decided to honour its services, including broadband represented at the launch of the allowing us to deliver better which we are witnessing today. Terminals for launching the customers because they played and 5G services. maiden edition of the Berthing services to Nigerian importers “It has been said that ship- Berthing Window. 32 MONDAY AUGUST 23, 2021˾THISDAY BUSINESSWORLD NEWS Automotive Industry Critical to Economic Development, Says NADDC Boss

James Emejo in Abuja Represented at the occasion to contribute not just to the Aliyi said earlier beneficia- also take this programme very your products including final by NADDC Director, Research, automotive industry in Nigeria ries of the software training seriously and at the end of the element analysis.” The Director General, Na- Design and Development, Mr. but also the development of have been able to open shops programme, you need to also Also, member of the council’s tional Automotive Design Fidelis Achiv, he said empha- the global automotive industry. and are already employers establish your own venture board of directors, Dr. Nankin and Development Council sised his desire to ensuring that He said the initiative will of labour. where you can design.” Bagodu, said the country (NADDC), Mr. Jelani Aliyu, Nigerian youths assed value the also help to make them self He said, “They are designing He said, “So much money needed more engineers to has said that the automotive national economy by gaining sustaining and employers of components for the automo- has gone into making this offer proper solution to the industry remained central to the relevant entrepreneurial skills labour. tive industry and the global programme... and equip you challenges in the sector. country’s economic prosperity. in the automotive industry. He said the software capac- automotive industry and have and give you all the necessary He pointed out that NADDC Also, he said that the role of He said the training was for ity building programme was also solved the problem of gadgets to be able to design was moving forward with the youths in the development of 20 participants in the North aimed towards training talented youth unemployment. They these components. global dynamism and stressed the nation’s automotive industry East a well as three from the Nigerian youths in the use of have employed themselves “The software will teach the need for youths to seize could not be underestimated. Federal Capital Territory (FCT) software to design automotive and employed other people. you how to design, how to the opportunity to leapfrog the Aliyu spoke in Abuja during with engineering backgrounds and other allied components. “It is our hope that you simulate and how to test all country into prosperity. the opening of the Midas NFX after similar exercises in the software capacity building Northwest, and Southeast. programme, organised by the The NADDC boss said the NADDC in collaboration with capacity building programme Midas IT company of South was initiated to ensure that the Korea. Nigerian youths are empowered Ezekwesili Lauds Torrens’ Varsity Partnership with Ehizua Hub Emma Okonji scholarship for African students to Torrens University Australia Former Minister of Education, is driven by our pledge to Dr. Oby Ezekwesili, has com- fundamentally ‘Be Good’. mended the recent partnership This simple but powerful between Torrens University ethos affirms our commitment Australia, and Ehizua Hub of to champion the power of Nigeria, designed to provide education to connect Africa African students with greater for good. It is embedded in access to online study options. support for our students.” The new partnership will Education Partnership also see the introduction of Director of Ehizua Hub, new scholarships for African Martha Hendra, who is cur- students, available across a rently in Nigeria supporting range of Torrens University the activities of Ehizua Hub, courses. said: “This partnership provides According to her, the partner- the opportunity for students to ship would further strengthen access local tailored internship online courses and provide opportunities, teamwork, and opportunity for African students online learning.” L-R: Chief of the Naval Staff, Vice Admiral Awwal Gambo and the Managing Director/Chief Executive Officer, National to connect to the world, while Students and graduates of Oil Spill Detection and Response Agency (NOSDRA), Mr Musa Idris, during thecourtesy visit of NOSDRA’s CEO to the carrying out academic research. Torrens University in Nigeria Ezekwesili who is the ad- can access Ehizua Hub for Naval Headquarters, Abuja... recently visory board chair of Ehizua computer labs with reliable Hub, described the scholarship internet and relevant software. initiative as a direct commitment Ehizua Hub provides a platform of Torrens University Australia for students to learn more about FG, Friesland Sign MOU to Strengthen Dairy Value Chain and Ehizua Hub, in creating studying in Australia, and to Oluchi Chibuzor strengthen the smallholder as the Center for Nigerian sourcing in Nigeria’. access to quality education for connect, network, and workshop dairy farming business. Dutch Dairy Development “Building on the progress women and youth in Africa. with peers. The Ministry of Agricul- Nanono noted that it would (CNDDD) and the Value for made, the renewal of the Ehizua Hub is a social CEO of Ehizua Hub, Mat- ture and Rural Develop- help transform the largely Dairy Consortium has been MoU will enable both par- enterprise that provides equal thias Ehizua, said: “Access to ment (FMARD) and nomadic cattle herders to pulling together value chain ties to replicate the successes access to education, as well affordable quality education FrieslandCampina WAMCO sedentary dairy farmers and actors with the right support achieved in the past 10 years as fostering innovation and and fostering innovation and have signed Memorandum of also provide the required from expert partners. in Oyo, Ogun, Niger, Osun and entrepreneurship by bridging entrepreneurship are the best Understanding (MOU), aimed infrastructure and training He lauded the Kwara states, in other parts financial and digital divides. ways to achieve inclusive and at strengthening the nation’s in the Dairy Value Chain. FrieslandCampina WAMCO of Nigeria whilst supporting Senior Vice President, equal education with enhanced dairy value chain. He pointed out that as part for its commitment towards various dairy co-operatives International at Torrens graduate outcomes in Africa The MoU is focused on of the agreement, ‘’the Ministry carrying out programs and in the country. University, Mark Falvo said: and beyond. These beliefs developing Nigeria’s dairy will set up crossbreeding projects aimed at accelerating “Under the MoU, both par- “Our commitment with Ehizua drive the founding values of smallholder farmers across the centers to produce quality the pace of development in ties will provide a networking Hub to facilitate admission and Ehizua Hub.” country towards improving heifers and strengthen the the Dairy Value Chain in environment for 30,000 cattle the quality of locally produced capacity of pastoralists and Nigeria. herders and transform dairy milk, boost production and smallholder dairy farmers to In his remarks, the farming practices by introduc- AMMBAN Confab to increase the network of milk produce and supply raw milk Managing Director, ing improved techniques and suppliers in the country. to increase the market share of FrieslandCampina WAMCO, also providing farmers with Explore Framework for Disclosing this through a locally produced milk as well Mr. Ben Langat, stated that, extension services to enhance statement signed by Informa- as create employable labour “the initial MoU established a raw milk quality and farm Financial Inclusion Gains tion Officer 11, Mohammed and expansion of investment structure and model for dairy productivity. We will intro- Emma Okonji For instance, the Shared Agent Abdullahi Gana, for the opportunities for farmers’ development in Nigeria. It duce commercial credit to Network Expansion Facilities Director of Information, prosperity.” brought to focus the urgent farmers and build confidence The 5th conference of the (SANEF) has recorded 700,000 FMARD, Nanono said that According to him, previous need to put in place the right between benefiting farmers Association of Mobile Money mobile money and banking the significance of the Dairy collaboration with the firm infrastructure and expertise and financial institutions for and Bank Agents in Nigeria agents spread across the country. Value Chain MoU was to on key programmes such that will support local milk viable agri-business.” (AMMBAN), which holds in This is a good sign that we November in Abuja, with the have made progress and the theme “Sustaining the Gain of federal government financial Financial Inclusion: Exploring inclusion target has been met Private Security Professionals Seek Synergy, Policy Advocacy suitable framework for last and exceeded. mile Drivers,” seeks to explore “We believe that we need to Nume Ekeghe result in coherent articulation us to lobby at the National enable the industry to achieve suitable framework to sustain ensure that we work and build of a security blueprint that can Assembly for standardization, practice standardization. Also, gains achieved in the financial on these gains by creating a Professional security practitioners be presented to the government ”he said. competencies, new capabilities inclusion initiative of the Central sustainable framework that will under the auspices of ASIS for improved security in the According to the Group and proper regulations in Nige- Bank of Nigeria (CBN). make us to achieve the results International has advocated for country. Managing Director of Halogen ria are strategic to accelerating National President of we desire, beyond getting the convergence of interventions and “Driving quality and ex- Group, Mr. Wale Olaoye, there the private security practice to AMMBAN, Mr. Victor Olojo, numbers, other things need to be vital policy advocacy as keys to cellence within the security is no better time for the private global standards”, Olaoye said. who made the disclosure recently, put in place such as regulations, revolutionising security practice industry requires knowledge security industry in Nigeria to In her contribution, Founder, said the conference would be proper framework, agents welfare and improving the standards and leadership. That is why it is seek standardization of their Bulwark Intelligence, Mrs looking into the best ways for and security of agents, issues within the industry in Nigeria. very important at this point for practice than now. Tanwa Ashiru, described the last mile drivers to sustain the around broadening the scope Speaking recently at the us to strategically situate cyber He noted that collaboration retreat as a very productive gains of financial inclusion. and ensuring that we are able to Lagos ASIS Chapter 206 retreat and physical security conver- and knowledge sharing are key knowledge-sharing platform According to Olojo, “Looking do other services beyond cash- and leadership conference at gence in moving forward as an to achieving the much-desired capable of catapulting the back over the past five years that in cash-out such as insurance, Epe, Lagos State, the Chapter industry. Secondly, we should excellence in the industry. industry to its desired height. AMMBAN started, we are happy micro-pension, micro –investment Chairman, Mr. Peter Okoloh also look at the possibility of “Collaborative engagement She also opined that technology to say that we have witnessed for us to be able to capture the affirmed the need for industry- developing a private security should be looked into by private has become an indispensable meaningful gain in the industry. informal market.” wide collaboration that will industry profile that will help security service providers to tool for solving security issues. THISDAY ˾MONDAY AUGUST 23, 2021 33 BUSINESSWORLD NEWS Yuguda: Capital Market Must Strengthened to Drive Production, Create Employment Darasimi Adebisi arable land, abundant rainfall, particularly for a developing over 30per cent. as the apex body responsible human and natural resources, good drainage, and a large economy like Nigeria. With a The SEC boss said by serving for regulating and developing but expressed dismay that the The Director-General of the and growing pool of savings GDP growth rate of -1.92per these functions, the financial the Nigerian capital market country is listed among the Securities and Exchange Commis- are available. cent in 2020 and an IMF growth sector often facilitates domestic undertakes specific activities poorest countries in the world sion (SEC), Mr. Lamido Yuguda He said, “Infrastructure is the forecast of only 2.5per cent for production and employment, to ensure investor protection, in term of per capita income. has expressed the need for the area where we have a major 2021, Nigeria requires higher and especially when capital flows preserve the integrity of the According to him: “Just capital market to be strengthened problem, and here I mean roads preferably double-digit growth efficiently into the production market and improve its overall recently, in 2020, the country to accelerate domestic production and rail transportation, power rate to be able to reduce poverty process, leading to employ- efficiency through registration, fell into its second economic and employment given the direct generation and distribution, and provide for the welfare of ment generation, increase in surveillance and enforcement recession in 5 years, although correlation between increase in health infrastructure, and the its citizens. household disposable income, activities. largely attributed to the covid-19 production and job creation. like. I believe the capital can play In addition, he said there is improved purchasing power and In his remarks, President/ pandemic which affected all To achieve this, he said there is a vital role in the financing of a need to urgently address the ultimately resulting in higher Chairman of Council of CIS, countries in the world. We exited the need to leverage the capital infrastructure and forums such country’s high unemployment economic growth. Mr. Olatunde Amolegbe said the recession in the fourth quarter market for intermediation by as this one would do well to rate, which currently stands at Yuguda disclosed that the SEC, Nigeria is blessed with immense of the same year 2020. facilitating access to capital. dwell on this important subject. This, he said, can be done by “Recall that at independence making it easy for corporates to in 1960 the domestic savings access long-term finance in an ef- pool was rather limited, yet ficient manner, the capital market the new nation was able to enhances the production levels mobilise adequate funds from of companies, thereby improving both domestic and foreign the capacity of such companies sources to fund the construc- to expand their operations and tion of highways, railways and employ additional labour. large power projects. These Lamido spoke at the Annual same projects are in a dismal workshop of the Chartered state today when the population Institute of Stockbrokers with the has grown more than threefold. theme, “Leveraging the Financial The Commission is increasingly markets to achieve double digit focusing its attention on this economic growth for Nigeria,” subject because of its impact on held in Abuja. economic development and the The SEC boss posited that quality of life of our citizens.” it should truly not be difficult According to Yuguda the theme to achieve double digit growth of the workshop, “Leveraging in Nigeria given that most key the Financial Markets to Achieve factors of production like a large Double Digit Economic Growth vibrant youthful population, for Nigeria,” is very relevant,

CAC to Unveil New NEW ERA… L-R; General Manager, Human Resources, Total Nigeria Plc, Mrs Adesua Adewole; Company Secretary, Mrs Olubunmi Business Registrations Popoola; Managing Director, Imrane Barry; General Manager, Commercial, Weruche Nwagbara and Executive Director, Lexley Baxter during the launching of new name/logo, Total Energies Marketing Nigeria Plc for the company in Lagos James Emejo and Folalumi that such rejected names had on Friday PHOTO: ABIODUN AJALA Alaran in Abuja security implications while oth- ers were deceptive or abstract. The Registrar-General, Corpo- He therefore advised custom- rate Affairs Commission (CAC), ers to always approach the Stakeholders Call for Effective Implementation Garba Abubakar, has disclosed commission with fully quali- that two new forms of business fied names that equally agree registrations which were pro- with objects of the association vided for by the Companies and or organisation applying for of Nigeria’s Local Content Policy Allied Matters Act (CAMA) 2020 registration. Emma Okonji Executive Vice Chairman, and thereby enhance national this new office called NODITS,” will be available to Nigerians The registrar general who also Nigerian Communications competitiveness and prosperity Danbatta said. by the end of August. used the forum to highlight the Stakeholders in telecommuni- Commission (NCC), Prof. for indigenous/local players With the constitution of the He said the Limited Partner- commission’s ongoing reforms cations who gathered at the Umar Garba Danbatta, who in Nigeria.” NODITS, the industry should ship (LP) and Limited Liability stated that filing of statement of maiden edition of the Policy was represented by a deputy Danbatta who highlighted expect new guidelines and regu- Partnership (LLP) were becom- affairs and biannual statements Implementation Assisted Forum director at NCC and Team Lead, NCC’s roadmap for imple- lations bothering on indigenous ing increasingly desirable across were now conducted seamlessly (PIAFo), which focused on Nigeria Office for Developing mentation of the policy, said content, local manufacturing of various jurisdictions around the on the companies registration National Policy for Promotion Indigenous Telecoms Sector the commission established the telecom equipment, outsourcing world. portal. of Indigenous Content in the (NODITS), Babagana Digima, Nigeria Office for Developing of services, construction and Abu Bakar, at a stakeholders’ He added that all but two Nigerian Telecommunications said NCC would continue to the Indigenous Telecoms Sector lease of telecoms ducts, succes- forum in Port Harcourt, Rivers forms of post incorporation Sector, have stressed the need promote local investment (NODITS), in order to address sion planning in the telecoms State, also said that the com- filings were now available for effective implementation of in digital infrastructure and the timely implementation of sector, corporate governance, mission was making arrange- online 24 hours a day on the the policy. competition in the provision of local content policy. and corporate social responsibil- ments to deploy a Customer company registration portal. The virtual forum, organised accessible high speed broadband “The office is saddled ity, as the need arises, Danbatta Relationship Management Abubakar stressed that the recently by Business Metrics infrastructure. with the responsibility of further said. (CRM) software next year. CAC no longer entertain filing Nigeria, with the theme: Facili- According to Danbatta, implementation of the local The Executive Director, He said the solution was of share transfer as it was alien tating Policy Implementation to “President Muhammadu content policy as well as the Broadbased Communications designed to interact with to the law, pointing out that Deliver Value in the Nigerian Buhari, recently presented the Executive Orders 003 and Limited, Mr. Chidi Ibisi, spoke customers and resolve their information on Person with Telecoms Sector, was designed National Policy for the Promo- 005. Relevant portions of the on the need for the support of challenges within 24 hours. Significant Control (PSC)to ensure proper implementa- tion of Indigenous Content in Nigerian National Broadband local industry players through The CAC boss also doused was available free of charge tion of the indigenous content the Nigerian Telecom Sector. Plan (NNBP) 2020-2025 as well interventionist funding windows customers’ concerns over the on the CAC website inline with policy in the telecoms sector The policy seeks to acceler- as the National Digital Economy of the Central Bank of Nigeria commission’s denial of certain global anti-money laundering beyond verbal commitment. ate the pace of indigenous Policy and Strategy (NDEPS) (CBN), to further drive policy names for registration, adding requirement. In his keynote address, the digital capacity development are also under the purview of on local content. Group Petitions 7-Up over FG Launches Digital Hub Alleged Quality Compromise for Agribusiness James Emejo in Abuja The institute stated that must be squarely addressed, an aggrieved consumer of if only to alert the unsuspect- Folalumi Alaran in Abuja MSMEs have access to a wider (SGDS), climate concerns, the The Institute of Leadership the company’s product, Mr. ing teeming consumers and market and can be matched with advent of AfCFTA and position for Policy Implementation Anthony Adejoh, had lodged safeguard the public health The Minister of Industry, Trade customers and clients. Nigeria as Africa’s premier invest- (ILPI) has petitioned the 7-Up a complaint with it, alleging to space of the nation in the critical and Investment, Mr. Niyi He said, “Navigating interna- ment destination.” The founder Bottling Company (SBC) over have bought a 35-CL volume and all-encompassing area of Adebayo, has launched a digital tional trade can be a daunting and Chief Executive Officer of an alleged unwarranted risking glass bottle of 7-UP, a popular beverage consumption,” the agribusiness hub, known as I- experience for small businesses Inara Foundation, Mrs. Aisha of the public health space and brand of the SBC from a shop petition read in part. Produce, to link young farmers and I am pleased that the I- Wazir Umar, said iProduce is a violation of consumer rights in shop at the Gwagwalada The institute had on behalf with international investors and Produce platform will provide virtual agribusiness ecosystem for and psyches with quality- axis of the Federal Capital of the complainer, sought for markets. opportunities for businesses to entrepreneurs, investors, input compromised products. Territory (FCT). legitimate redress from the The digital hub was created by learn more about capitalizing suppliers, logistics companies, The petition dated May The consumer allegedly upon company, urging the latter to Inara Foundation and funded by on opportunities under AfCFTA and financial service providers. 29, 2020 was signed by its close examination, discovered unequivocally accept respon- the Islamic Development Bank. and understanding cross-border Umar, who is a lawyer and legal counsel, Mr. Waziri that the said soft drink was sibility for the production and The minister at the launch in trading “ The minister said that his humanitarian worker in the Dada Ahmed and chairman badly polluted and corrupted infiltration of the tainted soft Abuja recently said the federal ministry remained committed to North East of Nigeria, said the of institute’s standardisation by a sputum-like suspension drink into the Nigerian public government fully understood the ensuring that the country thrived hub would guide young Nigerians and industrial ethics monitoring floating therein even with the health space with its potency importance of digital platforms in the international business arena. on how to create home grown committee, Dr. Tope Alabi, and bottle still uncorked. of jeopardising not only the like I-Produce adding that this was He said, “We expect to conclude internationally oriented companies addressed to the production “The complainer understand- consumer’s health but also the why it established the Micro, Small the development of a world-class through training, links to deals, manager of the beverage ably strongly feels that the generality of the consuming and Medium Enterprise (MSME) investment policy that reflects standardisation, and access to company. intolerably shocking experience public. Innovation Portal to ensure that Sustainable Development Goals international markets. 34 MONDAY AUGUST 23, 2021 •THISDAY THISDAY ˾MONDAY AUGUST 23, 2021 35 HOMES&DESIGN FOURSCORE HOMES’ 360 DEGREES TOWERS 7 STAR LIVING IN IKOYI 36 MONDAY AUGUST 23, 2021˾THISDAY HOMES&DESIGN HOW TO NAVIGATE REAL ESTATE RISKS AND BREAK EVEN Olufemi Adegoke Osibona, the initiator of 360 Degrees Towers, has the Olympian spirit of Citius, Altius, Fortius. A well-drilled property developer, illustrious and daring, Osibona has turned not a few deadpan properties into flourishing ventures. His three high-rise real estate pieces built on Gerrard Road, Ikoyi, Lagos, demonstrate the real estate mogul’s height and depth. He shares some commercial nuggets with Bennett Oghifo. Here’s his glorious journey to building skyscrapers in Nigeria

ourscore Homes Chairman Femi Osibona Nigeria, and guess what? When I came back from possesses exquisite vision. His fusion Nigeria, my lawyer said she did not sell it. Why, of belief and dreams is remarkable. His she said, because the guy was not ready to pay perspicacity belies a never-say-never £1500. I said, ‘I didn’t tell you £1500. I said £500.’ spirit. His God-factor hunch provides a Amid that seeming confusion, Osibona realised thrillingF twist to his already extraordinary life’s that he could make more money developing the adventure as a businessman. In human values property. After consulting an architect, he decided and temerity, Osibona stands taller than the to have two flats on the land. He got approval skyscrapers he loves building. His latest venture, from the town planner for the construction. “That the three towers that make up the 360 Degrees was how my property business started in 1997,” edifice on Gerrard Road, Ikoyi, is breathtaking. stated Osibona. “I was earning money from the The facility is conceived, designed, and rendered rent I was being paid and also my shoes. The as “Luxury in the Sky.” 360 Degrees offers luxury building was sold in 1998.” high-rise four-bedroom maisonettes, flats, duplex, On February 1, 1999, he bought 8D Beatty Road. and penthouses on Gerrard Road Ikoyi, Lagos. Not a few thought it was a bad call. “We got The towers are designed as serviced flats for approval. It was a big house. We applied for a stress-free lifestyle characterised by a hotel conversion. Therefore, we applied for a two-storey flair with open outdoor recreation with outdoor building at the back, but guess what, the council television, a gym, and a swimming pool. wanted to write two-storey. But they wrote three- The facility is 80 per cent completed. It will storey,” he recalled. That singular mistake fetched be fully ready for habitation in 2022. However, him “a lot of money.” Well, not without a threat 65 per cent of the real estate masterpiece have of demolition. been sold. Price starts from $1.2 million, and the penthouse is $5 million. The swimming pool MADE RICHER BY MISTAKE? and other facilities are in the recreation area. “Due to their mistake, I made a lot of money. “Everything you want in a seven-star hotel It was very interesting. They first threatened me is there,” stated Osibona. The property has a that they were going to demolish it. We went for setback of 200 metres with provision for water a committee meeting. I won. I took advantage of fountains on both walls. their mistake,” Osibona admitted. “So 8 Beatty Road is standing to date. To God be the glory. I MEET THE HIGH-RISE HONCHO bought that one in 1999. I finished it in 2000. In Osibona has been a consultant to firms and 2000, I bought numbers 41 and 42, Barforch Road.” individuals in Nigeria’s real estate sector as a The Barforch Road property had two lands property developer. He had not always been a owned by two different people. The land then property merchant. “I started right from when was worth about £160,000 to £180,000. He bought I was in secondary school at Mayflower School, it for £100,000. Separately, the owners sold each of Ikenne, Ogun,” he narrated. His trade went as the lands to him at £35,000 and £45,000. “I prayed far as London. “I would go and buy biscuits to God, and he answered me. The Bible says, in Ijebu-Ode and bring to sell in school and ‘All things are possible to him that believeth.’” make money. I also bought shoes from Ijebu By the time Osibona bought the Beatty property, Ode and sold them in London.” the price had started to go up. Then, he bought Beckham, a part that “nobody wants to live” DEVELOPMENT IN LONDON because it was “a rough area.” In London, he started the Avion Drive project. “When I bought the property, the price started That was in January 2003, and “we finished going up. I was shocked. Therefore, the first one in 2005.” Towards the end of 2005, he thought I sold was for £185,000. The other one, I sold for of relocating to Ghana. “I went to see Dele £250,000. That is 41 and 42 Barforch Road. It was Mormodi; I was thinking of relocating to Ghana. finished in 2002. When I bought Barforch Road, I went there. But after looking at it again, I I already moved to Nigeria,” the 360 Degrees changed my mind and went back to London,” owner. “I was living in Nigeria but developing said the high-rise honcho. He pitched his tent at abroad.” Manchester. “If anybody knows Manchester... I knew me right from 1991 that I was going one changing money, and I was changing He added, “Then, after Barforch, there was a will tell you this: Manchester year 2004 an area to be rich.” money for people from 1£ to 1$. and people mansion. It’s still there in London today at 113 called Moston, Openshaw, and Clayship,” he His shoe business also took him to did not know I was making money every Albion Drive, London field. I bought Barforch Road, recollected. “I started buying properties there in another entertainment superstar. “Through night. I was making about $2000 to $3000 September 11, 2001, and my daughter was born that September 2004, and most of those properties my service, I met Ebenezer Obey. That’s every Friday, Saturday, and Sunday.” same day. It was double blessings.” Osibona was doubled within six months. They were rundown why Baba Obey can never forget me. “I have, at this point, to say, I thank hesitant about developing the property. He felt it properties. People were not ready to live there. I Somebody introduced me to Ebenezer Wasiu,” Osibona noted. “He was so kind was a risky venture planning to have a five-story was not even renovating. I only got information Obey. The person told me that Ebenezer to me. All the money they paid him, he building on the property. “But I bought it, so I that the European Union was spending money Obey’s foot was size 15. I went to meet would give to me to change. No doubt was looking for a partner. I realised that he was in the area.” He was buying property for £20,000. him in Dockland. Because they told me his Osibona has always been a businessman. trying to use my property to raise money. I told In about six months, the value of the properties size was 15, I was joking about his feet. From selling shoes, he ventured into selling him to add his money to aid the development. doubled in 2004, reaching £40,000. But he was also looking at me like, ‘Why suits. “I started going to 8B to buy suits This guy was going to make more than £500,000,” “Guess what,” said the nostalgic 360 Degrees is this guy laughing at my feet?’ The guy and shoes. I’d buy shoes in London,” he said Osibona. I was worried about how to go boss. “By the time the prices started going up, who introduced me got off the phone, and stated. Well, though making a killing, Osibona about it. I was scared. I never knew of anyone my bank favoured me again and started giving he said, ‘Oh, this is Mr Femi, the guy who admitted: “I was tired of selling shoes.” He who was doing development. I must have been me 75 per cent on all the properties I had. sells shoes.’ Obey then said, ‘Oh, now I wanted something different. the pioneer. I wanted to develop the property. I Imagine it had already doubled, and the bank have peace of mind.’ He bought a lot of didn’t know what to do.” was giving me 75 per cent on them again.” shoes from me.” THE GOD-FACTOR BUSINESSMAN Around that time, he began to renovate the Continuing, the 360 Degrees chairman Today, Osibona did not ignore the God-factor THE BUSINESS SIDE OF THE BIBLE properties. “I thought to myself, ‘oh my God, I stated, “By the time I started doing in his life. In material successes, he has risen Bereft of ideas, Osibona revealed he found a have arrived.” Osibona had completed the Avion development, about a year after, 1997. He to the sky. Underscoring this admission, he way around the dilemma after considering Isaiah Drive project, trading monthly in Manchester, went with me to my project because he related: “By the special grace of God, I bought 48:17. “When I read that verse, it was as though and had thought, “Oh, I can’t live in London.” was very happy. He said, ‘I knew you were 4 New Crossroads.” It was at half its price. light came down from heaven. Grace came, I He decided to move to Africa “so that I can going to go places.’ By the time he came He added, “I want you to understand that became bold and courageous. I told myself, I’m enjoy my money there.” He was a graduate of to London, I have the pictures. He went everything I’m telling you, without God going to do it. I was bold enough to tell the man, Coredin College, now East London University. with me to see my project at 8D Beatty behind me, it wouldn’t have been possible.” ‘If you’re not ready to put money down, then I’m His backstory dated back to 1991 selling shoes. Road Stoke Newington. He said, ‘I knew He recalled that the owner of the property not ready to go ahead.’ When I told him that, you are going somewhere.’ was desperate to sell. “Whatever I gave him, he agreed. He had already started demolition, BREAKING POINT TO BREAKTHROUGHS More businesses soon opened up for he took it. After buying this property, it had and he charged me for it.” “I started selling shoes in 1991. I went to Osibona. “After my services, there were a land behind it. The land was called 5A and Osibona chose to face the odds, determined America for the first time to buy jeans. On people that wanted to invest. They wanted B, Baildon Street. I bought that property 5A he would beat them. But, first, he had to equip coming back to London, I’d sell two pairs of to bring Wasiu to , and I was going and B, Baildon Street. I converted it,” said himself. “I went for a seminar on building houses. jeans that I bought for $10, for £20. The ones to be one of the investors. All I told them Osibona. “That’s how I started my property I took classes on building houses. I learnt a lot that I bought for $60, I’ll sell for £120. In that was, ‘I’m ready to invest. But I will be in business. As I bought it, I never thought of things from that seminar,” he acknowledged. same 1991, I met Wasiu Ayinde, a singer,” charge of changing money.” They did not about developing it. I did not know you In due time, he had a seven-storey building in Osibona disclosed. “Then they used to sing know what he meant by “changing money.” could develop.” That was not the end of Albion. “It is standing to date,” said the 360 based on the yuppie. When he was singing At the time in London, people could not the bargain. Degrees boss. young yuppie, I was selling shoes to him. That bring in £1. “The lowest denomination “Let me tell you my story: I was ready to in paper currency was £5. The lowest sell this land for £15,000. I told my lawyer: is why he loves me to date. There was a day NOTE: Interested readers should continue in he saw me at the club, and he told his band, denomination in America’s paper currency ‘They will be giving you a £500 deposit, take ‘This is the guy I was talking about!’ That he was $1,” he narrated. “Guess what, I was the it, and they will pay the balance.’ I went to the online edition on www.thisdaylive.com MONDAY AUGUST 23, 2021˾THISDAY 37 BUSINESSSPECIAL AS ACCESS BANK INTENSIFIES FIGHT AGAINST FINANCIAL SYSTEM FRAUD Oluchi Chibuzor writes on efforts by Access Bank Plc to protect customers from the activities of fraudsters n recent times, the activities of fraudsters Make sure your card is returned after every have increased and the banking sector is purchase. Never give card numbers over the grappling with efforts to tackle this menace phone, unless you have initiated the call. Always headlong. verify the transaction amount before signing The trend showed that globally, banks the sales receipt. Ihave been under increasing sophisticated fraud “Always check sales vouchers to verify that attacks, such that the long-running menace the amount on the customer copy of the receipt continues to siphon off billions of dollars from matches the amount recorded on the merchant lenders every year. copy. Know who has access to your cards. Do For instance, the Association of Certified Fraud not leave cards in the glove compartment of Examiners (ACFE) revealed that organisations your car. Report lost or stolen cards to your in developed economies were losing about five issuing bank immediately and report suspicious per cent of their annual revenues to fraudulent activities to your issuing bank. activity. Given that banking-industry revenues “Do not use your card to make purchases amount to trillions when combined, the sheer online on websites you are not sure of its extent of funds being seized by criminal activity security. Some of those websites do not require cannot be underestimated. your PIN for payments to be made from your Also, a recent report by KPMG Global’s Global account. Banking Fraud Survey which surveyed 43 retail “Where it is a fraudulent website, your card banks, of which 13 are in the Asia-Pacific region, details can be used to make purchases online. five in the Americas, and 25 are in Europe, the Enrol for VbyV so as to minimise the risks of Middle East and Africa, revealed that fraud being defrauded. Your card is as important costs are increasing at a faster rate than fraud as your PIN,” the bank stated. risk management spend. According to an Executive Director of A radical rethink is urgently required, the Access Bank, Victor Etuokwu, “Access Bank International Banker, quoted KPMG’s global is imploring its customers to be wary of any forensic leader, David Hicks to have said. message, demanding their personal or bank “Over half of the survey respondents globally details. experienced rising external fraud in terms of both “Customers must remember that the bank will total value and volume, with the most pronounced never ask for their BVN, full card PAN, PIN, increases in fraud typologies globally from 2015 mobile app activation code, OTP or password to 2018 coming from identity theft and account as most of this information is readily available takeover, cyber-attacks, card-not-present fraud to the Bank via its database. Any call, email and authorised push-payments scams. and text message, claiming to be from Access “What’s more, more than half of respondents Bank and demanding for any of these details recovered less than 25 percent of fraud losses, is certainly a scam. further underlining the importance of early fraud “Also, customers are advised to refrain from detection and prevention. sharing user-generated codes when migrating “One might have assumed that advancements from the old mobile applications to the Access in technology and digital banking would help More app. With knowledge of this pin, these in the fight against fraud. But what’s even more fraudsters can gain entry to your bank app, evident is just how useful such technology is and from there have access to the money in proving to be to criminals in their searches to your account,” he added. commit ever more sophisticated types of fraud. Etuokwu expressed concern about the growing “The sheer volume of digital-banking transactions number of fraud cases being reported. He today means cybercriminals can use a variety of implored customers to take more responsibility advanced techniques to scam banking customers in safeguarding their funds and offered and ultimately acquire their assets. reassurance of the bank’s commitment to “And to compound matters even further, the providing information relevant to identifying digital landscape that is now home to millions and fending off fraudsters. of daily transactions is also well suited for such “Over the last few months, the number of criminals to hide their fraudulent activities,” the reported fraud cases has spiked considerably. report added. This is not unexpected as the current economic That is why in Nigeria, a lot of financial hardships experienced due to COVID-19 have institutions have intensified efforts in the fight caused many to be vulnerable. against fraudsters across all the banking platforms. “However, this trend has become very Once of such institutions is Access Bank Plc. disturbing, while we urge customers to Access Bank is a full service commercial bank Wigwe become more aware of the tactics employed operating through a network of 348 branches and by fraudsters. Access Bank will continue to service outlets located in major centres across data protection and customer education are scam to fall for. educate customers on how to avoid falling Nigeria, Sub Saharan Africa and the UK. required in countering security threats in Digital “Informed and alert consumers assist in the victims as well as deploy resources to ensure The bank serves over six customers in Nigeria payments,” he added. frontline of defense against payment fraud. the security of customers’ funds.” Etuokwu said and has enjoyed what is arguably Africa’s most In line with this, the CBN and the Bankers’ Access Bank and her partner card schemes “The bank has identified smishing, phishing, successful banking growth trajectory in one decade, Committee had launched a cyber-security (Interswitch, Visa, Valucard) will never send you social engineering, and identity theft as the ranking among Africa’s top 15 banks by total and fraud awareness campaign, called ‘Moni an e-mail asking for confidential information most common methods used by fraudsters. assets and capital. Sense,’ to educate members of the public on such as account numbers, passwords, PIN To aid the fight against this common enemy, The bank established an anti-fraud unit in 2013, the benefits of protecting their bank and other numbers, credit card numbers or social security we have put more power in the hands of our to deal with cases of fraud resulting from an related transaction details. numbers. customers, through the *901*911# USSD code. increase in the use of electronic channels. “Protect yourself from fraudulent e-mails “We have provided a platform through which Specifically, the initiative, implemented to protect ACCESS BANK’S EFFORT (phishing) claiming to be from a credit card customers can immediately deactivate their customers on its channels for transactions, also The bank over the years has remained company, bank’s website or any other website USSD profile by dialling *901*911# from any provides a veritable outlet for proactive information committed to educating its customers, informing for that matter. Delete unsolicited e-mail or SMS phone in the event their mobile devices get dissemination of anti-fraud programmes, policies and protecting them from fraudsters. Access that asks for this type of personal information. lost or stolen,” he added. and guidelines to the bank’s varied stakeholder Bank has been proactive in ensuring that its “If you suspect you’ve provided confidential Etuokwu added that, “Customers should be groups. This effort has heightened staff consciousness customers are safe from fraudulent activities information to a fraudulent site or individual, on alert as the bank will never ask for personal and boosted customers’ awareness as well as as it asked customers to be on the lookout for contact the customer service number on the information such PIN, BVN, 16-digit card frustrated several fraudulent schemes. fraudsters who are using new scam methods back of your card or from your account number, CVV, Password, OTP or Authentication The bank was recently admitted into the to rip people off by preying on the distress statement. Code for the mobile banking app. We urge our prestigious Fraud Advisory Panel. This membership that comes with the nation-wide lockdown. “You can report e-mail fraud claiming to customers to ignore such calls, text messages gives us the opportunity to share valuable The bank has also created dedicated pages be from any of our partner card schemes or emails.” knowledge in fraud-related information with on its official website that constantly educate by forwarding the suspicious message to: Access Bank also advised that customers member institutions globally. customers on the schemes and tricks employed [email protected],” it advised should not enter their card details in an Group Managing Director/CEO, Access by fraudsters. its customers. unsecured Website, never reply an email or Bank Plc, Herbert Wigwe, had said in Nigeria, The bank said fraudsters contact their potential Furthermore, it advised customers not to text requesting for their card details, protect customers are culturally not attuned to security victim either via mail, phone call or text to ever write down their Personal Identification their PIN, check their bank statements often, issues around digital transactions, pointing out request for sensitive banking details with the Number (PIN), but to always memorise it! amongst others. that even well-educated people run the risk of promise of crediting their account, after which “Never disclose PIN numbers to anyone. Financial analysts and security experts believe falling victim to social engineering and identity they proceed to withdraw the money in the When selecting a PIN, do not choose numbers that banks and security agencies such as the theft traps. victim’s bank account. and letters that can be easily identified. Avoid anti-fraud department of the Nigerian Police, “We must go beyond educating customers on In addition, they also come under the guise using initials, phone numbers or birth dates. the Economic and Financial Crime Commission the protection of crucial information to actual of government officials, social advocates and Make sure you sign your card on the signature (EFCC) work together to tame fraud monsters. data protection and integrity amongst operators false NGOs allocated to share the relief fund panel as soon as you receive it. Therefore, all hands must be on the deck in and stakeholders,” Wigwe had said. that was promised by the government. “Make a record of card account numbers order to combat fraud and fraudulent activities “I am a great believer in collaboration to This, unfortunately, is a fraudulent scheme and telephone numbers for reporting lost or in banks as financial institutions alone cannot solve problems. Our collaborative efforts in and given the current state of affairs, an easy stolen cards. Keep this list in a safe place. win the battle. 38 MONDAY AUGUST 23, 2021˾THISDAY INTERVIEW

ADESINA: SECTORAL ALIGNMENT, PROPER TARIFF NEEDED TO DRIVE POWER SECTOR Mr. Kola Adesina is an Executive Director at Sahara Group, a leading international energy and infrastructure conglomerate with operations in over 42 countries across Africa, Middle East, Europe and Asia. Sahara is a dynamic leader in various energy sub-sectors via its Power (Generation and Distribution assets), downstream, and upstream businesses. Adesina is an entrepreneur with experience that cuts across various sectors. He is leading the vision of the Group aimed at bringing energy to life by deploying diversified power sources to light up lives, businesses and sustainable interventions in Nigeria and across Africa. Adesina is passionate about empowering young people and takes great pride in mentoring youths to seek creative ways of galvanising their energies for sustained excellence and productivity. In this interview, he says the Petroleum Industry Act has established a progressive fiscal framework to encourage investors to invest their money for the purpose of optimising revenue flow accruing to government. He discloses that the Sahara Group is already moving to take advantage of the emerging opportunities in the sector in line with its commitment of bringing energy to life in Nigeria and beyond. Obinna Chima and Peter Uzoho provide the excerpts:

Last week the President signed the Petroleum revenue flow accruing to government. So, these doing approximately about 2500MW in this have gone up geometrically. So, essentially, it Industry Bill into law after several years. As essentially, are the pillars. So, we are hopeful, country and the epileptic nature of power was a good decision. Now, where the problem an investor in the Nigerian energy sector, what we are ready, Sahara is already moving to was horrible; there was no clarity. There was is, is the fact that there was misalignment in the is your take on this historic development? take advantage of the emerging opportunities no commercial orientation, there was zero value chain. Over time, there was this mindset irst and foremost, we are glad that after many in the sector in line with our commitment of profitability, there was no incentive whatsoever that privatisation was a silver bullet that would years of working on and discussing the bringing energy to life in Nigeria and beyond. for fresh investments. Of course, we came in cure all the challenges in the power sector. But Petroleum Industry Bill (PIB), the document As far as we are concerned, everything and thankfully, I can say the difference is clear. that is not the case. has now become a law we expect to be the government is doing in the sector is For instance, Egbin Power Plant, one of the There are quite several conditionalities that were transformational. So, we are glad that the ultimately, for the benefit of the Nigerian assets we acquired was doing about 400MW. meant to be fulfilled by government that were not sectorF is set to move into a new gear of efficiency, people and we commend the government Today, Egbin is doing almost 1,000MW, fulfilled. This affected the pace of development transparency, fresh investment, better community for taking this very strategic step towards with capacity to even generate at our installed we would have seen in the power sector. When engagement and sustainability. deepening and further expanding the energy capacity of 1,320MW if not for gas constraints we bought the power plant, our desire was to The objective of the Petroleum Industry Act sector. Whatever will work for Nigeria will and ongoing repairs and overhauls. That’s the double the capacity as quickly as we took over. (PIA), amongst many other things, is to ensure work for us at Sahara. So, we are glad that benefit of privatisation. Some of the advantages But, again, the reality on ground, in terms of the that the system becomes more commercially the PIA has come to stay, and we are ready we have brought to the table are because of revenue profile, the tariff that we are receiving, oriented, and profit driven. That is really what is to create more value across the energy sector the privatisation. With regards to Ikeja Electric, the regularity of payments we are receiving, driving the agenda of government and governance value chain through our various operations the quantum of energy we used to receive, all these became an albatross that affected the today as well as business. The aspiration of the in the upstream, midstream, downstream, and supply has increased geometrically. We expansion we desired to do. But be that as it may, PIA is equally to deregulate and liberalise the and power sectors to make Nigeria become are presently doing between 600 and 750MW when you go to Egbin Power Plant today, you downstream sector, create efficient and effective economically viable and strong. of power and we are ready to push more to will most certainly see the impact of the huge regulatory agencies, and promote transparency our customers. investment we have made both in terms people, and openness in the industry so that those of us No, do you think the unbundling of Our plan is to go as high as 1500MW, and infrastructure, environment and machinery. In terms that have huge aspirations could, indeed have the power sector seven years ago was even more. Now, we didn’t have any cluster of people, we now have a collection of some of clarity in terms of what we need to do, how we are the right decision taken by government, that would tell you that they were getting the most uniquely talented, knowledgeable, and going to invest our money, what kind of revenue considering the development in the sector almost 24/7 electricity before we came on dedicated power sector professionals in Africa, we are looking at, what kind of tax policies will afterwards? board. Today, we have Magodo and Ikeja GRA. running the largest thermal plant in sub-Saharan guide our investments, how is the industry is to I will tell you unequivocally that it was a Today, when you look at the range of supply Africa excellently well. function, what kind of environment are we going fantastic decision. Everything we are doing and the quality of power they are receiving, Our investment in training, learning and to be operating in, among others. as individuals and as a nation is reflective the number of hours they are receiving the development is huge, while we are equally leading So, ultimately, this is just meant for the purpose of our visions, objectives and decisions we energy, that’s an apparent and remarkable the way in terms of promoting environmental of enhancing the exploration and exploitation of the are taking. We need to highlight the state endorsement for privatisation of electricity in sustainability – deploying electric buggies petroleum resources for the benefit of all Nigerians. of the sector at the time the decision was Nigeria. In terms of customer experience in and scooters, planting trees, decarbonizing the The PIA establishes a progressive fiscal framework taken to be able to appreciate the importance terms of the speed to remedy faults, we have environment and managing our operations in line which is going to encourage investors to invest of the decision to unbundle and implement improved this significantly. The number of with global standards. We continue to empower lives their money for the purpose of optimising the privatization in the power sector. We were substations, feeders, transformers, and meters and businesses in our host communities through THISDAY ˾MONDAY AUGUST 23, 2021 39 INTERVIEW FOR INSTANCE, EGBIN POWER PLANT, ONE OF THE ASSETS WE ACQUIRED WAS DOING ABOUT 400MW. TODAY, EGBIN IS DOING ALMOST 1,000MW, WITH CAPACITY TO EVEN GENERATE AT OUR INSTALLED CAPACITY OF 1,320MW sustainable interventions in health, education, and So, payment structure has gotten better, but we capacity building. In terms of the power plant itself, still have some disruptions. As I speak to you like I said, the generation level was 400MW before know there is a letter that is going to the president we took over. Today, we are doing 1400MW when from generation companies seeking for payments. you add our generation from First Independent Because the plants we are running and managing Power Limited which we equally co-own with today need consistent maintenance and overhauls the Rivers State Government. In fact, so much for them to work optimally. Most of the things we investment has gone into the power sector from use by way of generation are all import-oriented, the private sector in terms of what we are doing they are dollar-denominated. It’s not something and investment by other operators. And by the we can source locally. So, the less the time we way, remember, when the privatisation took place, give to maintaining them, the more likely the how much did government receive from those machine will break down. It’s important that of us that bought the assets? $3.4 billion. If $3.4 due attention is paid with regards to payment billion was received by a system like ours, I can of power generators’ bills. assure you anywhere in the world, that’s a very Our invoices are outstanding, and they are huge, huge figure. And customer experience, which is and that’s not just for us as Egbin. If you put a number one to us, more than any other thing, cumulative figure together, we would be talking has increased geometrically. So, we are now more of about a lot of money. But the Office of the directly connected with our customers than was Vice President, Governor of CBN, the Minister of the case before we took over the assets. Finance Mare doing incredibly well in resolving the payment issues Our regulator, Ministry of Power, You said there are many conditions NERC and BPE are agencies driving the changes government is yet to meet. What are these we are seeing as they are actively and positively conditions and are there efforts by the providing options and solutions to remedy the government to meet any of them? challenges the sector is having. Kudos to them Well, one of them and the most important for the things they are doing so far, but we need one is cost-reflective tariff. We have always said more. Until our customers can boost of enjoying that the right price represents the incentive for 24/7 electricity as it exists in developed countries, investment anywhere in the world. We cannot we will keep pushing aggressively. Our customer make an investment based on a price that is not comes first right. The price must be able to meet up with the cost of production. So, if the cost of ensuring Gas constraint has been a major problem stable electricity is higher than the price electricity in the power sector. How has it impacted on is sold, of course, we all know the consequence your operations and what is the way out of and the implication of that kind of scenario. this challenge? The right price is not there. But of course, as For us, yes, gas is number one because without Sahara, as Ikeja Electric, as Egbin Power, as FIPL, gas, the entire value chain will collapse because we are change agents. We are not going to just part of what most people don’t know is that, when wait to get to El-Dorado before we invest. We you look at the load factor for the hydros, it’s are increasingly creating clusters of excellence to just approximately between 20 and 30 per cent at demonstrate possibilities that can be brought to best, which invariably means that 30 per cent of life in the power sector. We continue to take on the time is only when they operate. Seventy per what most people term impossible, because for cent of the time, they don’t operate optimally. So, us in Sahara, there is nothing called impossible. largely, Nigeria is still depending on thermal power It simply doesn’t exist. We are going to continue plants to be able to get electricity available and to push the frontiers of knowledge, technology, the thermal plants are relying heavily on gas for and service excellence to the highest possible limit. them to work optimally. If gas and the essential That’s exactly what we did by serving Magodo. In infrastructure are made readily actively available, Magodo, we were able to put together a framework that is the only time we can have stable electricity. that guarantees stable, regular supply of power Without that, we will continue with this epileptic for up to 23 hours every day, except there is a arrangement that we are currently running. I would system collapse. say, at Egbin, we have a fantastic relationship with There was a need for us address the challenge Chevron and NPDC, they have been doing very of tariff. What did we do? We are charging Adesina well. Egbin’s improvement in supply is largely approximately the right tariff in those locations because we are getting more gas than we used to. and based on this, we are able to put the right Personally, I would desire to see the So, it has affected our generation portfolio positively. infrastructure and investment together to be able What is the latest on the ongoing industrialisation of my country Nigeria. I But when you go to FIPL, our generation asset in to ensure that power is readily available in those negotiation between the government, desire to see that education is top priority Rivers State, we are still struggling to get gas, most locations. Thankfully, the government saw the idea labour unions and power firms on the and for this to happen, electricity must be especially from one of our power plants where and bought into it. That is why you now have tariff issue? number one. For power to be steadily available, Agip gives us gas. So, we are still constrained by what we call the service-based tariff. Now, what It’s an ongoing conversation. But that I see only collaborative efforts amongst the quite a number of things. But we are trying our the service-based tariff is doing is primarily for conversation must be predicated on the key stakeholders driving the positive change best to see if they would be resolved. So, gas is the purpose of charging based on affordability. objective that government wants to achieve. we seek to see. The Government and the still a challenge. My take again is, government Now, that’s okay. Stability of supply, accessibility Now, I, as an individual, my own view will stakeholders are having this all-important needs to come in, bring all the gas suppliers of supply is now predicated on those who can be: you want to industrialise, you want to conversation and we believe that ultimately and all the generation companies together and afford to pay the right price. So, having the right expand your manufacturing sector, you want the right decision will be taken in the best sit down with them to find a way to resolve the tariff in place is a challenge we’ve had to contend people to buy your commodity, you want interest of Nigeria. gas challenge. We need to fix gas infrastructure with, and it is ongoing. In terms of tariffing, the to become export-oriented, you want your issues and make gas available to thermal plants government needs to take a decision as to what it commodities to be bought by consumers across How are the generation companies for power to be generated. really intends to do. If we want to industrialise as Africa and beyond Africa, invariably, pricing participating in the federal government’s a nation, government needs to look at how much of your feedstock/commodity is important, power deal with Siemens? We observed that Egbin and the Nigerian industrial consumers and commercial consumers and the critical component of that price is The Siemens arrangement is more pro- National Petroleum Corporation (NNPC) have can pay as against the aspiration of ensuring that the cost of electricity. transmission and distribution. But lately, they been meeting and engaging of recent. Where there is stable supply of power. So, if government has taken a position that have come to realise that there is a need for are those engagements leading to? This will enhance the drive towards truly, we want to industrialise, we want to coherence in the value chain for them to be Ultimately the plan is to achieve the perfect industrialisation to address systemic inefficiencies do all these big things that are required to able to get to the level they desire to achieve. customer experience across all our operations. So, and expand infrastructure development to drive address systemic inefficiencies, unemployment, If there is a projection to ramp up generation we continue to engage several stakeholders who the growth that government desires to see, either eradicate poverty, make resources readily more to about 10,000, 15,000, 25000MW in so short a are able to influence or enhance what we need to in Gross Domestic Product (GDP) or associated available, motivate and incentivise the citizens time, there must be harmony and handshake give our customers that one-of-a-kind experience. areas are made possible. But the point remains that to do more, then, it means government needs across the value chain in the sector so that all We need to ensure we have everything our assets the tariff must be right. The tariff is not right yet to address the question of pricing. stakeholders can speak with one voice and need to produce uninterrupted electricity. Gas is but the government is working with us, and quite You either let law of demand and supply act in harmony. a critical requirement for success in Egbin, so it closely I must say, to deliver a robust power sector. govern the pricing of electricity or you intervene. But from the generation perspective, for means we must purse all available channels of The interaction today is stronger and better. We Like I said earlier, your objective must drive us as Sahara, we are in conversation with collaboration to ensure gas is readily available now have a clear understanding of the challenges, your decision. The responsibility in the triangle Siemens with regards to how they can come to power our ambitious plans in Egbin. The and we equally now seem to have unanimity of and architecture of payment of electricity is, in to enhance our assets and in some of the essence of the meeting with NNPC is to ensure opinion and voice around what needs to be done. either it’s the customer, the government, or other areas we are looking at from expansion that we forge a new partnership and collaboration So, what needs to be done now is for us to find the service provider. Of course, it shouldn’t perspective. We have had conversations with arrangement to guarantee stable supply of gas to a way of addressing the tariff issue in a manner be the burden of the power companies who them and the conversation is still ongoing, but our power plants today and create a platform for that is strategic. are in business not only to add value but to the key thing is this, fundamental issues of expansion of generation to power our economy. And part of what government has done, which equally make profit, so that we can improve tariff, sectoral alignment, alongside, regulatory/ Big power, big economy I believe is quite commendable, is the reduction in and expand capacity. policy clarity. Then, with proper tariff, with the gas price. It’s equally a factor government took into All we clamour for as investors are, law right environment, with the right incentive, I There is this belief that the Discos have consideration for the purpose of tariff of electricity, and order, enabling environment, positive believe that we should be on course. not made enough investment in the sector. seeing that between 45 and 60 per cent of cost of and clear regulations, policy alignment that What is your take on that as an investor in generation for thermal power plant is gas. So, if promotes investments and pricing regime In July, you told some lawmakers that Ikeja Disco? Also, how far has IE gone in that cost has gone down, of course, it goes straight that captures costs with reasonable profits. visited your facility that NBET was owing metering its customers? back to the consumer. So, ultimately, over time, We want to actively support manufacturers your company about N388 billion. Do Whenever I get to hear this kind of question, the tariff will ultimately be friendly enough for the and commerce in a way that will create and you have any assurance that this money I only use facts to answer them. The very first consumer with the added advantage of economies promote employment, expand infrastructure will be paid? fact which we need to mention is the fact that of scale. This will make power more affordable and customer experience. At Sahara we are Yes, most definitely, 100 per cent. They would there is a huge difference between Ikeja Electricity and with affordability, the system continues to poised to work with all our customer categories pay. One of the things the government has Distribution Company in 2013 and the brand it improve and then, there is accessibility, which is to ensure they achieve their goals and improve done is taking the position that will ensure has become now as Ikeja Electric. We had to one of the critical components of the vision of the their quality of lives and livelihoods. That’s the issues in the sector are addressed robustly. transform the business units and undertakings. government for the power sector. our priority. We had to infuse a new spirit of service excellence 40 MONDAY AUGUST 23, 2021˾THISDAY INTERVIEW OUR DESIRE IS TO CONTINUE TO ADD VALUE ON A SUSTAINABLE BASIS through investment, learning and development. a unique and novel metering programme we customers. We want to make power available We had to replace and overhaul critical will soon launch. This involves features that for those who want electricity for the purpose infrastructure on our network to pave the way will make it impossible for any consumer to of lighting up their homes, improving their quality for reliability and expansion. We have changed bypass our meters and capture the energy of life, manufacturing, and sundry socio-economic the perception of the company by repositioning being used in a manner that is verifiable, valid, pursuits. For those who will desire and aspire Ikeja Electric as a technology driven, nimble and dependable, and reflective of the reality of that every time, anytime, for whether industrial, smart power distribution company. We deployed consumption. So, we are using investment commercial, or whatever use, electricity is readily a robust culture and change management strategy in technology to do that and also a lot more and steadily available, we are going to continue to to drive reorientation and empower our people to work across the network to drive Ikeja Electric’s work towards helping them achieve their aspirations. imbibe the culture of excellence against all odds. brand promise of bringing energy to life. Ikeja After all, we are in the sector to bring energy Our investment in the asset since we took over Electric was the first to introduce e-billing to life. That is the only way we can survive. in 2013 has been immense. The aspiration for us in Nigeria. Innovation is important to us as an organisation. in IE is to give 24/7 electricity. We now do billing by text messages, We have created our own new business model It’s a mandate that is self-imposed and a mandate providing regular updates via text messages which is centred around our customers. And that’s that must be delivered. You made mention of the and the social media, optimising our contact why we are going to see the deployment of a metering infrastructure in the system. If you go centre for the ultimate customer experience. hybridized model that includes grid, off-grid and and check in the system, part of what you will Our aspiration of lighting up opportunities renewable solutions. We are going to personalize probably be told is the fact that Ikeja Electric was is not just in Nigeria. Our aspiration is to and decentralise electricity to our customers, the first distribution company that invested in make a difference and add value in Africa because as far as we are concerned, that 24/7 advanced metering infrastructure, which is what and beyond. For us, the best part of the aspiration cannot just rely on the grid alone today. you call Smart meters. investment has been on our people. Ikeja Electric Invariably, we need to have alternative means With smart meters, we felt introducing technology leads the sector in all parameters when it which we can now bring together to ensure will discover energy theft, confirm consumption, and comes to human capital profile. The quality that our customers’ satisfaction is guaranteed decrease human interaction with the attendant room of our people stands out in the sector. We are through our service. for corruption and host of untoward behaviour. We concluding plans to again re-energize and And we can only do so if we have that 24/7 were the first to embark on customer enumeration, incentivise our human capital so that they aspiration. Anything less than 24/7, count us asset mapping and technical audit, all in a bid can be motivated to continue to make us a out. For us at Sahara, we will not be part of to ensure that we get our facts right and take brand of repute, globally. anything less than brilliant, anything less than strategic decisions which has positioned to provide Adesina the best. We are good, we are going to get better, excellent customer experience. Ikeja Electric has Under the current investors in the and we will ensure that we continue to better deployed multiple physical and online channels of metering and leading the sector in this power sector, the Gencos and the Discos, our best. Nigeria gave birth to Sahara. Therefore, to enhance seamless customer experience and regard. So, we are aggressively metering. is constant, 24/7 power supply realisable by the law of procreation, Sahara Group will prompt technical interventions. Most people assume that the distribution in Nigeria? create and nurture visions, initiatives and ideas We have obtained quite several international companies are clamouring for estimated As Sahara, as Ikeja Electric, as Egbin, as that will energise our nation, continent, and certifications that reinforce our commitment to quality billing because that’s where they make more FIPL, we are committed to working towards youths to achieve their aspirations to become assurance, safety and sustainability. We’ve done money. Unfortunately, that’s not the case. It’s achieving 24/7electricity. We are not just being home-grown African brands and models of network optimisation projects that have facilitated only a lazy distribution company that would optimistic; it’s something we are already doing. excellence in infrastructure, technology, and the implementation of improved power supply, want to continue with estimated billing. As Like I have mentioned earlier, we have clusters sustainable energy. almost 24 hours in some of the areas under our a company that has high integrity quotient, and locations that currently enjoying almost We are committed to harnessing our natural network. We’ve equally done customer metering we are keen on robust metering to promote 24/7 electricity supply except for system failure. resources and converting them to tangible global which you mentioned earlier. Our metering project transparency and match energy received, energy Sahara has a robust approach which we call the products. Sahara Group will continue to nurture has seen us metering about 49 per cent of customer dispensed and revenue received. But again, we Connected Strategy which involves developing innovation, creativity and entrepreneurship. metering and we are improving by the day. When must consider the fact that metering involves a relationship between us and our customers Barriers can’t and won’t stop us from making the Federal Government in conjunction with CBN huge investments which takes us back to the so that they don’t have episodic interactions Africa the hub of investment in people, technology came up with the National Mass Metering Project, issue of ensuring right pricing of electricity with us. We want them to continuously have and promoting sustainable agenda through one million meters were to be deployed in the as the backbone of driving investments that a relationship that is positive and beneficial promotion of clean energy and environmental system, we were the first to meet and surpass the will guarantee uninterrupted power supply. to both parties. sustainability. We have been doing this innovatively target the Presidency/CBN/Ministry of Finance This conversation of right pricing will always We want to make sure that we meet the for the past 25 years and we are excited about gave us. be critical to achieving Nigeria’s quest for a hierarchy of needs of our customers, which what the future holds for Sahara Group in Africa Now, we have made good progress in terms robust power sector. At Ikeja Electric, we have is residential, commercial, and industrial and across the globe. WHEN BEING MAD IS DESIRABLE, INSPIRING Asha Rami “It gets even better. The life. Its Foundation has achieved the feat of mining of hydrocarbons and massive optimisation empowering more than 2,000,000 beneficiaries of gas to boost access to cleaner fuels and power. t’s interesting how words that were hitherto MAD Company is bullishly through sustainable development projects You would most certainly take an emission-free considered as having negative connotations lending its weight to across Africa. In 2020, the company set up ride on the company’s electric buggies and scooters now engender widespread admiration. So, an Impact Fund with access to over $100,000 when you visit Egbin Power - its sprawling power you’re clad in an outstanding outfit and conversations on energy in grants and funding for entrepreneurs and generation asset that is the largest privately-run you get compliments like, “dirty”, “wicked” transition in Africa, social innovators in Africa. The involvement thermal plant in sub-Saharan Africa. Talk about Iand “insane”. It gets more interesting. When of the company’s employees as volunteers promoting decarbonisation, healthy living and leveraging its businesses to you work in an organisation that’s everyone’s in the Foundation’s quest of giving wings environmental sustainability. dream, you’re on the “mad” team. Madness as promote more responsible to aspirations is remarkable. They do this The company couldn’t be prouder of its African a compliment? Well, why not, if being MAD mining of hydrocarbons and with so much commitment and gusto. heritage and how its successes are shaping the means you’re “making a difference? When Covid-19 disrupted the world, the narrative of enhanced capacity and tailored global Twenty five years ago today, a mad phenomenon massive optimisation of gas MAD Company responded with its “Saving energy solutions from Africa to the world. kicked off in Lagos, Nigeria, propelled by a to boost access to cleaner a million lives” campaign. It spearheaded But do you know the MADDEST aspect of the one-of-a-kind company. The company’s ethos fuels and power.” and supported major Covid-19 interventions company? Its uniquely diverse employees who was MAD and the people who embodied the in Africa including delivery of the 300-bed flourish in a workplace culture that encourages phenomenon were MADDER. Their attention Thisday Dome Isolation and Treatment Centre being MAD. You don’t get a job at Sahara Group, to detail was MAD as was their stakeholder becoming a business that would go beyond alongside other stakeholders, donation of you are immersed into a family where agile, management expertise. They would go the extra Africa. - bringing energy to life responsibly. medical equipment as well as the provision of nimble and adaptive learning makes you better. mile to create and extract value from seemingly It was no surprise when just after two food and relief materials to tens of thousands of At Sahara, your job is not done until the job impossible situations. years of operating in oil and gas trading beneficiaries, sanitizers, oxygen to support ICU is done. The business encourages you to excel In spite of being fledgling businessmen who in Nigeria, the MAD Company moved operations, personal protective equipment and within and outside the workplace. This is driven were completely green in the sector, their vision its trading hub to Geneva, Switzerland in translation of Covid-19 awareness literature by the work hard-play harder culture that finds was MAD. They sought the tall order of “bringing 1998 - unleashing its global credentials. to local African languages. expression in Saharians as exceptional poets, energy to life” and “to be the provider of choice Similar expansion would be the trend as The company would earn the privilege singers, writers, fashion designers, footballers, wherever energy is consumed.” Many scoffed at the company extended its footprint across of becoming an important partner in the chess grandmasters, sports enthusiasts, chefs, their MADNESS, declaring them upstarts who’d Africa, Asia, Europe and the Middle East, pursuit of the sustainable development goals, social media influencers, thought leaders and soon fizzle out. They never imagined the word ultimately ramping up employee numbers working closely with the United Nations as much more. Ambidexterity at its best! disruption had any place in their close-knit sector. to almost 5,000, comprising exceptional well as other regional and global partners. Being MAD is desirable and inspiring when But a few would be inspired, birthing a professionals from over 50 nationalities. It would also join the league of businesses you work in Sahara Group. Since 1996, Sahara handful of other MAD companies, enhancing It would become an energy conglomerate championing the cause of integrity in business Group has continued to redefine excellence in the emergence of “indigenous players” in the with operations in the Upstream, midstream, under the aegis of the World Economic the energy sector in a transformative way. These once exclusive oil and gas sector. downstream, power and infrastructure sectors. Forum’s Partnering Against Corruption past 25 years have been phenomenal. The next Many more MAD people would join the How this MADNESS made the fledgling Initiative (PACI). Promoting good corporate 25 years and beyond would certainly be...yes, company as it traded its way into prominence company emerge as the largest private governance and citizenship, reinforcing the MAD...you guessed right. through sheer grit and brilliance. They quickly power business in sub-Saharan Africa is role of business as a force of doing good – You’re thinking of joining the MAD team became a company that was looked upon with a phenomenon that’s the subject-matter of responsibly, transparently and sustainably. right? Your journey to being MAD starts at respect; making believers of those who thought many case studies. It gets even better. The MAD Company is Sahara Group. they’d run out of gas. How wrong they had It’s interesting to note that the achievements bullishly lending its weight to conversations t"TIB3BNJJTPGUIF$PSQPSBUF been. It was not about the allure of oil money above are dwarfed by the company’s on energy transition in Africa, leveraging $PNNVOJDBUJPOTEFQBSUNFOUPG4BIBSB for this MAD Company. They had their sights on commitment to bringing benevolence to its businesses to promote more responsible Group MONDAY AUGUST 23, 2021˾THISDAY 41

With Lanre Alfred | 08076885752

T R U N FACT T H & R E ASO FILE TRUTHTRUTH BEHIND THE HHEADLINES,EA CONSPIRACIES, COVER-UPS, TRIALS AND TRIUMPHS Grief Behind the Glitter: How Anita Okoye Went from Chairwoman to Charwoman ll over Nigeria and beyond, music fans who tied the knot with Paul in 2014, asked an Abuja and followers are still ruing the avoidable, high court to dissolve their seven-year-old marriage. acrimonious separation of now-defunct According to documents, there are so many reasons Anita Psquare founders Peter and Paul Okoye. wants her calamitous marriage to the dark-hued dude While both are still very active in the music dissolved. According to Anita in the petition, Paul denied Aindustryindusstr and doing relatively okay, the contention her any form of companionship and love, which are the remainsremaain that they were better off together while integral components of all successful marriages. Like theirr separations was an injustice to fans. storms in a China shop, bitterness and distrust wracked Yes,Yees, they were musical sweethearts of many and her marriage, leaving her empty and disillusioned. posterpostp ter boys of the Nigerian hip-hop music industry. Contrary to her dreams of matrimony, the sweet, YouthfulYouuth and good-looking with finely chiselled passionate love that endeared her and her estranged bodies,boddie energetic on and off stage, they gifted husband to each other suddenly turned sour. While NigeriansNigger a string of commercially successful albums she struggled to save it, it evaporated into thin air. In thatthaat earnede them a place among the pantheon of the highest boughs of her marriage, love rustled like contemporaryconnte music stars in a short while. They branches of a dying oak with roots falling off, and couldcouul croak into the microphone with production like several other couples whose passion and affection wizardrywiza and almost effortlessly sell millions of extinguished in the raging inferno of mid-life crises and copies,coppie nick multi-million naira endorsement deals love gone sour, the marriage died amid trials. and pperformance engagements. This is even though That was too much for Anita. So disenchanted was their musicm thrived on sloganeering and ephemeral she with the marriage that she flinched whenever it was lyrics. lyrics.y mentioned to her; anger curdled with regret and leapt However,Howeeve in the last couple of days, the blogosphere out of her distressed soul, like knives from the sleeves has beenbeeen abuzz with reports that the end might have of a medieval Samurai. She accused the music star of come fforor Paul’s marriage. Now, their heterogeneous shirking his responsibility as a husband by refusing to fans areare about to have their hearts broken again support her and the family. They no longer communicate as PaulPaau Okoye’s marriage to Anita Okoye has run as a couple. its fufullul course. While tragedy booms at deafening Finally, we only hope Anita is enjoying a reprieve

decibels,deccib cluttering the reticent dreadlocks-wearing from the grating agony of her failed marriage to Paul

Pau PaulPauul Okoye’s household with snivelling and sobs, as she has demanded he pays $15,000 (N7.8 million) joyy blares a steady tune, drowning out the melody monthly as spousal support. Anita made the demand ofo pain. in the petitions she put before the court. She demanded Last Friday, Anita Okoye’s divorce from music Paul be responsible for their three kids’ general welfare stars Paul Okoye hit the blogosphere. Anita, in the United States of America.

FROM BOARDROOM TO saints but beneath their skin and righteous MDs amount to hundreds of billions of of their peers. mien festered unrepentant crookedness. naira. This constitutes great strains on the For instance, it took ex-Bank PHB boss GUARDROOM: BANKING Despite their seeming invincibility, many banks’ capital and other resources, thus Francis Atuche a trip to the prison to CZARS WHO FELL FROM were caught with hands in the till leading plunging the banks into abysmal financial understand that his intimidating wealth GRACE TO GRASS to their sack and prosecution. For instance, woes. and affluence are transient. Led by his lust The only thing that endures is character. at the backdrop of recent revelations of Major culprits are repeat offenders who are for riches and the spotlight, he danced too Status and wealth—all these are illusions. scandalous exploits of local bank MDs, often currently embroiled in scandals tantamount close to the bonfire of material lust until And fame, to be precise, is nothing more than in connivance with criminal masterminds to advance fee fraud, money laundering, he got burned, leaving the vivid air soured the quintessence of all the conceits collecting among top-ranking officers of the immediate- and outright embezzlement of public with his charred aspects. around a trumped-up name. Those that past administration, the Central Bank of funds in conspiracy with corrupt public On June 17, the former managing director strive to touch the stars stumble at a straw. Nigeria (CBN) launched an investigation officers. Many of them have been quietly of the defunct Bank PHB was convicted It’s a classic bonfire of the vanities - and into local banks’ operations and activities of sneaking to the Economic and Financial of fraud by a high court in Ikeja, Lagos, it burns. Scalded by the flames of their presiding bank chiefs. To the consternation Crimes Commission offices to refund money and subsequently sentenced to six years in greed, some former managing directors of the apex bank, the investigation revealed misappropriated by them in collaboration prison. The ruling came after a lengthy legal of Nigerian banks rue their descent from shameful truths about the nation’s bank with former public officers currently cooling battle that lasted about a decade. Cecilia grace to grass even as you read. chiefs. their heels in EFCC custody. Ibru: On October 8, 2010, the former chief In their prime as bank chiefs, they carried At the end of the exercise, many bank Having lost their jobs, the affected MDs executive officer of the defunct Oceanic on like egotistic tyrants. The world was directors were found culpable of major are currently running helter-skelter to bribe Bank was convicted and sentenced to six theirs to dominate as they assumed the financial woes. Besides masterminding regulatory and judicial officers in charge months’ imprisonment after a plea bargain deportment of pirates and feudal lords, several fraudulent internal and external of their investigation to save them from that saw her pleading to fraud charges. plundering bank coffers to fulfil their transactions, many bank MDs are owing imminent jail terms. Some were prosecuted She was ordered to pay back more than €1 inordinate hankering for wealth. their banks outrageous loans which have and served varied sentences across the billion, following 25 counts of fraud. Ibru, Their relationship with their banks was turned into bad debts. These loans are country’s correctional centres. Their sojourn at the bank in the early 90s as a general akin to a game in which a sharper plays not serviced by the bank directors nor do in prison rid them of their hitherto enviable manager, rose to become the managing with a dupe, entitled ‘Heads I win, tails they have any intention of refunding the repute and social capital. No longer are director seven years after. During her time, you lose.’ There is no gainsaying these scandalous sums they borrowed from their they the darlings of high society as their Oceanic Bank evolved from being a family- bank chiefs operated like crooks; many of banks. Further investigations revealed that oft-publicised trials and convictions cost owned financial institution to become one of them flaunted the deportment of ethical the loans owed to some banks by individual them the loyalty and fawning admiration Nigeria’s biggest publicly-listed companies.

Atuche Ibru Nwosu Akingbola 42 THISDAY ˾MONDAY AUGUST 23, 2021 FACT FILE Hard Times for ‘Baba Ijebu’ Kesington Adebutu as CBN Freezes Company’s Account

hese are indeed not jubilation times for Resources Limited, Himark Intertrades,trades, CCharblecomharblecom Premier Lotto owner Kesington Adebutu Concept Limited, Wudatage Globalbal Resources.Resources. AlsoAlso aka Baba Ijebu. Like the fabled merchant included are Treynor Soft Ventures,es, FFyrstrymyrstrym GGloballobal of the backwoods, whose dogged exploits Concepts Limited, Samarize Globalbal NNigeriaigeria LLimited,imited, are dogged by doom, the odds strike his and Zahraddeen Haruna Shahru. Tenterprise and rip his fortune. While the CBN did not state a reasonson for the directive, Adebutu seems to have encountered that proverbial findings revealed that the apex bbank’sank’s action might moment in the life of a magnate, that fate accords him be connected to the ongoing clampdownmpdown on illegal the rare chance to feel and see what it’s like coming foreign exchange trading since thee bbanan on forex sales down. To freeze the account of Adebutu’s firm, the to BDCs. The inclusion of Premierer LLottootto inin ththee lilistst Central Bank of Nigeria has directed banks to place imposes grievous strains on Adebutu’sbutu’s fortune and a post-no-debit on Premier Lotto’s bank accounts. repute. Can he wriggle his way outut ooff this as he had A post-no-debit means that all debit transactions, done in the past? Given his renown as a busbusinessmaninessman including ATMs and cheques, have been blocked but with friends in high places, woulduld he be can receive inflows. able to rally the much-needed ssupportupport On Thursday, a circular signed by Haruna B. Mustapha, and interventions, this time around,ound, to director of banking supervision, also instructed banks steer his Premier Lotto from hthee brinbrinkk to send details of the accounts. “You are hereby of bankruptcy? directed to place all accounts of the under-listed There is no gainsaying the last fewew years customers on post-no-debit (PND) restriction,” the have been punctuated by severityy fforor the circular stated. Ijebu billionaire. But sources close to thee llottootto Aside from Adebutu’s company, other affected boss, also fondly called Odole Oodua, saidsaid companies include Namuduka Ventures Limited, he is rock solid in finance and social Crosslinks Capital and Investment Limited, Bakori Mega capital. Yet, it must be asserted Services, Ashambrakh General Enterprise, IGP Global that it’s always a different story Synergy Limited, Urban Laundry, and Davedan Mille when the government picks a fight Investment Limited. Others are Advanced Multi-Links with you. Often, the cookies come Services Limited, Spray Resources, Al-Ishaq Global crumbling down.

She was accused of granting credit facilities forthcomingh gubernatorialb l polls.ll SekiboSkb YhYahaya, among 39 suspects paradedddf for of N16 billion to a company that “had was forced to take such drastic action various crimes at the defunct headquarters no collateral.” Although she denied any after enduring in silence for years. The of the outlawed Special Anti-Robbery Squad wrongdoing, over 100 properties in different eminent politician refused to refund a big (SARS), Abuja, explained that the bank accounts parts of the world, from Nigeria to Dubai loan taken from the bank until it became of many Nigerians receiving alerts are easy and the United States, were confiscated. non-performing and bad debt. to access by using their account and phone So also were her shares in 77 companies. On Monday, June 21, and under Sekibo’s numbers. The suspects were arrested across However, under her stewardship, the watch, a motley crew of protesters from the country by the Force Investigation Bureau bank reportedly experienced tremendous Heritage Bank stormed the politician’s of Intelligence Response Team (IRT) led by growth. Okey Nwosu: The CEO of the residence in Abuja in a supposedly peaceful Tunji Disu, who took over recently from the defunct FinBank (now part of First City protest. According to the protesters, the suspended Abba Kyari. Monument Bank Plc) was among the five intent was to peacefully urge the debtor to “My name is Zakarriyah Yahaya. I was bank managing directors that were fired settle his debt with the bank. They argued born and brought up in Jos. I was arrested by the Central Bank of Nigeria on August that his failure to do that would result in last month in Mabushi here in Abuja. I used 13, 2009, on allegations of fraud, money job losses for the bank employees keeping to reset any SIM card that received a bank laundering, etc. vigil in front of his house. alert. I would reset it and steal all the money He was accused alongside three directors of Predictably, the move incited criticism inside the bank account,” he told journalists. the bank: Dayo Famoroti, Agnes Ebubedike, within and outside the banking and political “I do reset it with victim’s bank account and Danjuma Ocholi, in a 26-count charge, sectors as several stakeholders and leaders number through the bank code from the first centring on conversion and theft of N10.935 of thought condemned the measure as to the last number. Any bank that we get, billion. They denied any wrongdoing. In unruly and very unprofessional conduct. we first use it to buy recharge cards. From January 2021, Justice Lateefa Okunnu of the Sekibo Now that Heritage Bank is in the eye of the there, they will send us the alert. From the high court sitting in Ikeja Lagos found all storm again, Sekibo is wary of blowback alert, we will now get the account number.” the accused guilty and sentenced Messrs Stuck in the eye of the storm, the Managing from vested interests within the bank, who His gang focused on First Bank customers Nwosu and Famoroti to three years in jail. Director (MD) of the bank, Ifie Sekibo, has are becoming increasingly uncomfortable because their online transaction details are Meanwhile, there are other top bankers his hands full as he grapples with the odds with what has been perceived as his feeble easy to reset. He disclosed that he began the also facing trial for alleged fraud. They are hurling his administration towards the struggles to stabilise the bank. crime two years ago, and no fewer than 11 still on trial, and it is unclear how their tipping point. Although the bank’s staff on the EFCC’s people worked for him, operating in Kano, cases will end. Erastus Akingbola: In On Sekibo’s watch, the proverbial good radar had reportedly been granted bail in Plateau, and Abuja. August 2010, the former managing director ending seems elusive to Heritage Bank, like the wake of intervention by vested interests Police spokesman Frank Mba said Yahaya of the defunct Intercontinental Bank, Erastus the fabled golden fleece coveted by all yet within its management, the storm isn’t over and cohorts usually acquired SIM packs in Akingbola, was arraigned for fraud in a attainable by only a paltry few. And the for Heritage Bank and its beleaguered MD. large numbers and re-activated old phone 22-count charge by the EFCC. He pleaded reason is not far-fetched. At the heel of a numbers people didn’t use again to access not guilty to all counts. clampdown on the bank by the Economic CRIME KINGPIN REVEALS several customers’ bank details. Akingbola was accused of N47.1 billion and Financial Crimes Commission (EFCC), HOW GANG EMPTIES “They have two main modus operandi: The fraud in what the commission described over alleged shady dealings by Mike Danneil, first is to go and purchase or acquire MTN as “fictitious transactions.” It was alleged the principal officer of the bank’s FINCON NIGERIANS’ ACCOUNTS IN lines, the new starter kits in large numbers. he manipulated Intercontinental Bank’s arm, MD Sekibo is forced to operate in an BANKS When they get these, they tried to hack BVN. share price and extended loans without atmosphere of panic, taking frantic decisions If banking is the art of passing currency Experience has shown them that at this stage, board members’ approval. Charles Ojo: to steer the bank clear of trouble. from hand to hand until it finally disappears, some of our service providers are recycling In October 2009, the erstwhile managing Rumour has it that EFCC swooped on then Zakarriyah Yahaya, aka His Excellency, old numbers,” said Mba. “Persons who had director of the extinct Spring Bank (now part the bank after it discovered that the so- may have just perfected the art of making used phones and probably for some reasons of Heritage Bank) was originally arraigned called Mike had failed to remit monies depositors’ funds from banks’ accounts, have travelled out of the country, or for any alongside Atuche at the Lagos Division of belonging to the Nigerian Ports Authority vamoose. other reason chose not to use the number the Federal High Court in a N125 billion (NPA) into the federation account. This has Yahaya, the police have claimed, is a again, and those numbers are dormant and fraud case. reportedly led to a bad debt situation and perfect symbol of the proverbial thief who currently being recycled and being re-issued has driven the bank towards bankruptcy, assumes comradeship with darkness to to persons as new numbers.” UNREMITTED NPA FUND: given its persistent failure to meet the perfect his scores on innocent victims. Yet, Mba revealed that the culprits also attacked HEADACHE FOR HERITAGE financial obligation. This is not the first given enough rope, he eventually wound their victims physically to dispossess them time Heritage Bank would be caught in it around his neck in a suicidal swirl that of their phones and acquire their SIM cards. BANK MD IFIE SEKIBO AS the heat of a financial storm and ethical left his feet dangling as recent revelations “Once they get your SIM card, they tried EFCC SWOOPS ON STAFF impropriety. Recently, Sekibo completely showed. Nobody trusts a bank that would to play around with it and see if they could Heritage Bank may crash and burn if lost his cool and threw caution to the winds expose its customers to great risk. Thus find anything that can link them or take mischief-makers could attach the lasso of as he grappled with retrieving a bad debt the recent arrest of Yahaya has been hailed them straight into victims’ accounts, and truth to the rumours about it. The centre from one of the bank’s biggest customers. as a worthy achievement by the Nigerian they had done this successfully,” the police refuses to hold for the bank as a widening Anger became an effective negotiating tool police. The 46-year-old suspect, according spokesman further stated. “With that, if gyre of bankruptcy. Mayhem and distrust to the bank’s MD and the last resort to save to the police, sang like a canary, revealing they get access to your bank details, they envelop the bank, pitting shareholders against his job as he instructed his underlings to how he and his gang emptied the bank go straight to steal your money. The lesson bank management, depositors against staff, go for broke against the Anambra political accounts of several Nigerians using lost for all of us here is that we must guide and a frenetic battle of wits and will. godfather and contender for the state’s or stolen SIM cards our phones jealously.” MONDAY AUGUST 23, 2021˾THISDAY 43 FACT FILE MERRIMENT, CLASS AS powerful and influential families engaged in a frantic tussle to secure an invitation to YUSUF BUHARI WEDS what turned out to be the most exclusive ZAHRA BAYERO party in 2021 so far. Yusuf Buhari has found his Eden. He has felt Kano won’t forget, in a hurry, the day Yusuf the cuddly curl of the heart and the passion’s and Zahra Nasiru Bayero got married. On soothing caress. Yusuf discovered in uncommon that day, the emirate convulsed to the true hours, where love’s lights and shadows lace as power of wealth and celebrity. The emirate the wind lifts the clover. Immediately, the young city submitted to the grace of Nigeria’s most Buhari saw the luminous face of Zahra Nasiru powerful figures, like a vessel tilting to the Bayero, he discovered the sublime blindness of splendorous splatter of the Atlantic. The city courtship and the acceptable follies of affection. paid homage to high society figures as they He knew right there and then that cupid’s united to celebrate the union of Yusuf and aeonian arrow had struck him. Zahra. And the rest is history. One thing led to another, and the lovebirds consolidated their … AND THEY FLOUTED affection in an enviable union on Friday. The COVID-19 PROTOCOLS ancient city of Kano would not forget in a Contracting the coronavirus is like living hurry, the day Yusuf and Zahra got married. between the fire and the plague. Yusuf, Talban Daura, married Zahra, daughter Through the horror of affliction, many have of the 2nd Emir of Bichi, in a well-attended found no word for their pain. Many more wedding (Nikkah) in the Bichi Emirate Council waste quietly into a clinically mute universe. of Kano. The wedding ceremony was officiated Ultimately, they learn to live at peace with by the Minister of Communications and Digital the odds and war with their innards. Economy, Dr Isa Ali Pantami, after the groom’s If epidemics are truly more influential than representative, Malam Mamman Daura, paid statesmen and soldiers in shaping the course N500,000 to the representative of the bride of social history, then the coronavirus may, Malam Aminu Dantata, as dowry. for a very long while, tarnish the moods The wedding ceremony, which took place at of civilizations. The vicious circle of fear, the Emir’s Palace in Bichi, attracted the creme prejudice, and ignorance has increased the of Nigeria and Africa’s high society, including spread of the virus to an alarming level. Due governors, ministers, traditional rulers, captains to fear and prejudice, many still do not want of industries, politicians, and members of the to listen. Yet, coronavirus is a killer. global diplomatic community. Former Nigerien However, according to 1st News, at the President Mouhamadu Yesuofu, former President wedding of Yusuf Buhari, son of President Goodluck Jonathan, and former Vice President Muhammadu Buhari, many high-profile guests Atiku Abubakar were present. witnessed the flouting of basic COVID-19 Other dignitaries in attendance included protocols. Yusuf, the groom, and former Vice the host Gov. Umar Ganduje, IGP Usman President, Atiku, were pictured at the event Baba-Alkali, Governor of Borno Prof. Babagana without face masks, specifically during what Zulum, former Chief of Army Staff Tukur appeared to be a moment of consultation Buratai, former IGP Mohammed Adamu, over the payment of the bride price. Governor of Enugu, Ifeanyi Ugwuanyi, No doubt, the principle of social distancing Governors of Niger, Nasarawa, Kogi, Gombe, was blatantly flouted at the well-attended Jigawa, Katsina, Sokoto, Bauchi, Zamfara, Zahra and Yusuf Buhari wedding. Considering the huge number Cross River, among others. of dignitaries, VIPs, and other attendees The nuptials of the affluent are infinitely one citizen exchanged vows with the princess be the same for the couple and both families who honoured the occasion, it would have high-class and gorgeous. They are never for of Bichi. after the ceremony. The Bichi family, among taken a miracle to observe any form of social the fainthearted; glamour and lyre, pageantry, There is no gainsaying the duo have entwined other things, would attain the leverage and distancing. Consequently, caution was thrown and cut stones are simply flashes of the cache their hearts where fortune melds with acclaim. pride of place frantically sought by many to the winds as attendees all pressed into each unapologetically displayed; there is always Add power to the mix, and you have a perfect an affluent family. other’s personal spaces throughout the event. more treasure to be showcased, more pleasure picture of a union forged on earth, approved Predictably, both families treated their The development runs contrary to laid-down to be had. At the countdown to the wedding, by mortals and sanctified by the blessed breath friends and other loved ones to first-class non-pharmaceutical preventive protocols high society waited with bated breath; not of heaven. Besides the fact that the marriage seats to their theatre of wealth, high-octane against the COVID-19 pandemic; while also a few people were eager to be part of the is between Nigeria’s most powerful families, soirees, and status-play. As the wedding representing a worrisome development in celebration as the son of Nigeria’s number it is also an open secret that life would never drew nearer, Kano was agog as the most the light of current realities.

BIG BROTHER OF FILTH: Tempers Flare as DSTV Persists in Amoral Programming

orals and meanings stumble in the Big Brother Naija TV show Naija season six ‘Shine Ya Eye’ reality show. He asserted that the programme was against the lure of filth and soulless debauchery. Participants tango transmitting immorality into the lives of its viewers or audience. in sin, tapping nimble partners for sexual pleasure on the house’s In a Facebook post, the pastor said, “I blocked the Big Brother channel from patio, its makeshift ballroom, in its unisex bath, toilet, and bedroom. my decoder. I am not against the entertainment industry making money, but I Could there be filth deeper than what the BBN show currently am against what Big Brother Naija is promoting in our society. Big brother Naija Mrepresents? Over time, the so-called reality show has become a cesspit of debauchery is promoting immorality in our society, so anybody watching Big Brother Naija and humanity’s worst characterisation of reality. But rather than move to check the is doing more harm to his or her spiritual life.” excesses of the show, the housemates and its producers, the Nigerian government, Agochukwu said part of the danger of watching BBN was that its viewers and broadcast regulatory authorities have continually turned a blind eye like the now see sinful lifestyles as normal, insisting “there’s nothing Big Brother Naija proverbial mother duck who looks the other way while its ducklings are snatched is teaching us.” away by a predatory eagle. He added, “The other day, I was scrolling down my phone, and I saw one Big Brother Naija broadcasts negative mental messages to the youths via young lady in the Big Brother house masturbating. Our Children are getting uncensored broadcasting. This involves publicising nude activities capable of more corrupted day after that by the programme showing on sex. Sorry to say triggering and promoting rape actions in viewers, particularly the young ones, this, every year Big Brother Naija is getting worst.” argued a concerned citizen who recently wrote a petition to the National Assembly He advised Nigerians to avoid watching the programme, adding that the moral to ban the programme. There is no gainsaying Nigeria deserves more didactic fabric of the society and the upcoming generation were at stake. broadcast programming and enforcement of compliance by the regulatory authorities “If you’re watching Big Brother Naija, Get ready for the spirit of lust, the spirit to promote progressive cultural values. of lies, the spirit of masturbation, sexual sin. You don’t need to enter any porn Recently, the General Overseer of the Shekinah Arena International Gospel site again. Big Brother house is now a porn programme. Watching Big Brother Ministries, Gospel Agochukwu, urged Nigerians to stop watching the Big Brother Naija will corrupt your soul; abstain from it,” he warned. 44 THISDAY ˾Ͱͱ˜ͰͮͰͯ

Group Features Editor: Chiemelie Ezeobi CITYSTRINGS Email [email protected], 07010510430 Need to Reconsider Soldiers Retired without Justification With the Chief of Defence Staff, General Lucky Irabor and the Chief of Army Staff, Lt- General Faruk Yahaya, last week calling on retired soldiers to offer their expertise in the fight against insurgency, observers are also asking them to reinstate some of the 38 senior military officers who were compulsorily retired without justification not only because the courts have ordered their reabsorption but because they are young and still have a lot to offer the nation. Chiemelie Ezeobi writes

he Chief of Defence Staff (CDS), questions about the Army’s desire to adhere General Lucky Irabor and Chief of to the rule of law and provide justice for Army Staff, Lt-General Faruk Yahaya, these officers. last week called on retired soldiers For instance, in delivering his judgment to offer their expertise in the fight on February 5, 2020 in Col M. A. Sulaiman Tagainst insurgency. v Nigerian Army and others, Justice Sanusi While speaking at the opening of the Kado corroborated the officers’ arguments by 2021 second quarter of the veterans’ affairs stating that: “The compulsory retirement of the seminar/workshop in Plateau State, General claimant (Col MA Sulaiman), is hereby declared Yahaya, who was represented by the Director null and void and of no effect whatsoever, as of Army’s Personnel Services, Major General it was not done in line with the extant rules Boniface Sinjen, said the retired soldiers have and regulations.” This has been the pattern major roles to play toward tackling current in the cases that have been concluded. security challenges. In fact, in a society where the rule of law is He said the workshop, with the theme: ‘The supreme and strictly adhered to, the plethora Role of Nigerian Army Veterans in Nigeria’s of losses the Nigerian Army has suffered National Security Architecture’, will afford would have caused a judicial review of the the army the opportunity to tap from the retirements. But this has not been the case experience of retired personnel. as sources close to Army authorities revealed “The importance of this seminar/workshop that the former COAS and the others may cannot be overemphasised, bearing in mind the have bluntly sworn “with their last blood” special roles our retired/discharged colleagues never to revisit the retirements while they play in the society, especially at a time like Chief of Defence Staff, General Lucky Ira- Chief of Army Staff, Lieutenant General Fa- remained at the helm of affairs of the Army this when our nation is faced with diverse but bor ruk Yahaya as that would be an admission that they lied surmountable security challenges,” he said. against the 38 officers. “These challenges include activities of the Many observers have since questioned Boko Haram/Islamic State of West Africa “We have to tap from their (retired to higher authorities for consideration. Buratai for his action. Firstly, what manner Province (ISWAP), farmers/herdsmen clashes, senior personnel) adequate training, So, it took us time; we have our own of due process was followed by the supposedly banditry and kidnapping. I am particularly experience and years of service. They process also; our administrative process highly professional Nigerian Army that made impressed with the selection of the theme for have the capacity to think logically in dovetailing into legal review and so on.” the 38 senior officers to be retired without this workshop, which will provide a forum identifying the security challenges and However, it did not take long for being found guilty of an offence? When and for us to tap into the wealth of experience of proffer solutions,” he said. Nigerians to know that none of the 38 where were all the officers charged, tried, our veterans in tackling the issue of insecurity Since the above mentioned officers officers was found guilty of any offence, and found guilty? Is there any evidence of in Nigeria. made the comments, many stakehold- and were never charged, tried or found the dates and times the Court Martials sat? “This workshop is also aimed at broaden- ers have been wondering why the army guilty, let alone even appeared before Were the officers granted fair hearing? What ing the knowledge of our veterans on their authorities have been ignoring calls from any court martial. were the status of the appeals of the officers important roles in Nigerian national security. different quarters for the reinstatement Several of the officers who felt the Army to Mr. President? When will the Nigerian This is in line with my desire to uplift the and reabsorption some of the 38 senior breached its extant rules and regulations Army comply with the rule of law and obey standard of both serving and retired/discharged officers compulsorily retired under the in carrying out the retirements took their the court orders and judgments? personnel, while diligently performing our former Chief of Army Staff, Lt-General grievances to courts to clear their names. In Wing Commander Mshelia v. NAF & constitutional role of securing the nation. Tukur Buratai without justification. This was after they had appealed to ANOR (2014) the Court of Appeal held: “The “This combined effort of all persons, es- They feel that some of the officers who President Muhammadu Buhari for his Armed Forces as a body, is supposed to be pecially those of us in uniform, both serving were prematurely retired from service, intervention and reinstatement, but no exemplary, in discipline, the world over. To and retired, in securing our nation is further still have a lot to offer the country than response from the presidency or the army. violate the law and retire a member of that encapsulated in my vision for the Nigerian those who are completely spent since Seven of the officers have since won body in consequence is not an exhibition of Army, which is to have a ‘professional Nigerian they are still in their 40s. their cases in courts which ordered their discipline or exemplary conduct. To refuse Army ready to accomplish assigned missions Recall that at the time the officers were reinstatements into the Force. The officers to act in accordance with Section 178 of the within a joint environment in the defence sent packing, they were informed by the who got judgments against the Army Armed Forces Act 2004, and to continue to of Nigeria’. then Army spokesman, Brig. Gen S.K. are: Maj Gen Ijioma, Cols Hassan and keep the appellant in suspense, is an abuse “So, I enjoin you all to use this unique Usman, that they were compulsorily Suleiman as well as Lt Cols Arigbe, Dazang of office, calculated at denying the appellant opportunity provided by this seminar to dig retired on “disciplinary grounds, serious Mohammed and A.S. Mohammed. In the right to seek redress in a court of law, into your kitbags, bring out those special offences”. the first half of the Year 2020 alone, the and that is why the Public Officers Protection expertise and experience acquired over the Even the then Minister of Defence, Brig. army lost four of these cases. Added to was invoked. years, have engaging interactions with your Gen Mansur Dan-Alli (rtd) and Buratai these seven, are another two officers who "The law does not give reprieve in such colleagues and let us see how we can jointly himself, corroborated Usman’s statement, obtained National Assembly resolutions a situation. No one will be allowed on the defend Nigeria, our beloved country.” alleging further that due process and fair ordering their reinstatements representing one hand, to act in breach of the law in a A day after Yahaya spoke, the CDS, General hearing were granted to all the 38 officers, some 20 per cent of the 38 officers. high-handed manner, and on the other hand, Irabor while speaking Makurdi, the implying that they were found guilty by Some of the officers, who are still seek the protection of the law. The courts capital, during a meeting with retired senior a competent legal procedure. in their 40s, are hoping that the Army will not open their doors to such unlawful military officers from the North-central zone, Specifically, Buratai the then COAS said: authorities would carefully examine their acts and dereliction of duty, a duty imposed said Nigeria “needs to fall back on retired “It took us painstaking procedure to ensure case in the interest of justice because they by law… military officers” in the fight against insecurity. we did not pick innocent ones. We started still have a lot to offer the country in "As earlier opined, the Public Officers Protec- The CDS added that retirees could use their with one inquiry from One Division GOC military service. tion Act is meant to shield public officers and experience of living with civilians to provide to the other. After that, we subjected it Curiously, Buratai refused to comply bodies, lawfully and conscientiously carrying security intelligence that can help in efforts to legal review. After the legal review, with both the court judgments and out their duties, within the scope of their to secure the country. we forwarded our recommendations the resolutions. This has led to serious authority, from attack. It is not meant to be He urged the ex-servicemen not to consider used as a sword by public officers acting themselves as retired personnel, but combatants without good faith and in flagrant disobedi- in active service. ence of the law, to attack and maim others, “To make a significant impact in ensuring more so when those others, are members of that peace takes pre-eminence in the country, The Armed Forces as a body, is supposed to be the same family, engaged in the service and we need to fall back on the retired military exemplary, in discipline, the world over. To violate defence of our country.” officers. This is because they also live among Despite this "locus classicus" judgment of the the people, thereby having a lot to offer the law and retire a member of that body in Court of Appeal, and the series of legal losses regarding security issues. sustained by the army, the illegal and unjust “Once a military officer, you remain a military consequence is not an exhibition of discipline or retirements of the 38 senior military officers officer for life, whether serving or retired. The was not reviewed under the Buratai-led army. motto of the country, which is ‘Unity, Peace exemplary conduct. To refuse to act in accordance This is why the stakeholders are urging and Faith’, is what we swore to defend, and both the CDS, General Irabor and the COAS, we are committed to it,” Irabor said. with Section 178 of the Armed Forces Act 2004, General Yahaya to ensure that justice is served On his part, Chief of Defence Civil Military and to continue to keep the appellant in suspense, on the retired officers. They appealed to them Corporation (CDCIMIC), Rear Admiral Frederick not emulate the former service chiefs, in order Ugo, added that the country’s current security is an abuse of office, calculated at denying the for them to make a difference in their time situation requires that “all hands must be and comply with the court judgments in the on deck”. appellant the right to seek redress in a court of law interest of fairness, justice and equity. THISDAY ˾Ͱͱ˜ͰͮͰͯ 45 CRIME&SECURITY NNS Beecroft Arrests Four Europe- CRIME SITUATION REPORTS bound Stowaways, Hands over to NIS SECURITY: WHY YOU MUST EXERCISE CAUTION WHILE EMPLOYING DOMESTIC STAFF (2)

Gbolahan Samuel Moronfolu staff was recovered from her pant. Secondly was a case where the INSTANCES OF ABUSE AGAINST domestic staff that the employer DOMESTIC WORKER had already fixed in a place where EXAMPLE: Twice I lost conscious- she was learning the skill of fashion ness as a result of the beatings. The designer in addition to her domestic first time it was raining and there was job. She suddenly disappeared from a leak in the house and I forgot to put IFSFNQMPZFSTIPVTFUPBOVOLOPXO a bowl out [to catch the water]. She EFTUJOBUJPO$POTFRVFOUMZ UIFQBS- hit me with a mop. The second time, ent of the domestic staff alleged that when I washed the clothes, the color the employer that the employer had changed and the employer hit me. used her daughter for money rituals. I said I was sorry and that I would The case was reported in one of the return the cost by deducting it from TUBUFQPMJDF$*% UIF1PMJDFXFOUJOUP my salary, but she still hit me. She investigation only to discover later never sent me to see a doctor or to the that the domestic staff has ran to her hospital. Once I was a hit by a wooden former boss house. The parent of the stick and she hit me until the stick maid who accused the employer was broke. When I woke up late, after 5 now the one begging the employer a.m., the employer would pour hot to forgive them for their wrongful water on me, like if I woke up at 6 a.m. allegations etc. Women and girls employed as SOLUTIONS domestic workers around the world r*NQSPWFUIFJSTUBOEBSEPGMJWJOH face an appalling array of abuses. such as an increase in the minimum The stowaways The most serious criminal offenses wage perpetrated against domestic work- r-JTUFOJOHUPUIFJSQSPCMFNTBOE ers include physical, psychological attend to them Chiemelie Ezeobi Osas Kennedy (22 years); and Onyibe was at Sagbo Koji community they and sexual abuse; food deprivation; r 5IFZ NVTU IBWF B HPPE SFMB- -VDLZ ZFBST XFSFGPVOEJOTJEF heard about stowaway missions and forced confinement; and trafficking tionship between households and ersonnel of the Nigerian the propeller housing. decided to travel to Europe. into forced labor. domestic workers /BWZ4IJQ //4 #&&$- 5IF$PNNBOEFS//4#&&$30'5  The suspects have been handed Employers who abuse their do- r"MMPXUIFNUPGBDFUIFJSXPSLBOE ROFT, recently arrested $PNNPEPSF #BTIJS .PIBNNFE  over to the Nigerian Immigration mestic workers often enjoy impunity. reduce hours of time spend four Europe-bound stow- in a signed statement, stated that Service (NIS) for further investigation Many factors militate against domestic r$SFBUJOHUJNFPSPGGEVUZ BXBZTPOCPBSE.53*7&3 findings during the interrogation and prosecution. workers reporting abuse, including r"WPJETFYVBMIBSBTTNFOUGSPN 4)*/&3WFTTFMBU-BHPTBODIPSBHFP revealed that the stowaways had $PNNPEPSF.PIBNNFE XIJMTU restrictions on their movements and anyone The arrest was done by NNS come from different parts of the DPNNFOEJOH//4#&&$30'5QBUSPM lack of awareness about their rights. r)FMQUPJNQSPWFJOFEVDBUJPOBM #&&$30'5QBUSPMUFBNEVSJOHUIF country to Lagos state in search team their vigilance, advised Nigeri- Yet governments have by and large status SPVUJOF)BSCPVSQBUSPMXIFOUIFZ for jobs. ans to always follow due process of failed to take steps to address these r(PPENFEJDBMBUUFOUJPOTFUDww observed suspicious movements of a The suspects claimed that they migration to avoid being sanctioned. barriers, for example by launching r $POEVDU TFSJPVT QIZTJDBM wooden boat around the stern part lived with a friend at Sagbo Koji )FGVSUIFSSFJUFSBUFEUIF$IJFGPG campaigns to raise awareness and background checks before granting of the vessel and decided to conduct community, an island settlement /BWBM4UBGGTDPNNJUNFOUUPXBSET instituting accessible reporting employment not such archaic back- a search. along Sea school channel- Apapa supporting the NIS and other mari- mechanisms, and actively prosecuting ground check given to consultants 5IFGPVSTUPXBXBZT)BQQZ"[VLB channel on arrival to Lagos. time stakeholders in curbing crimes abusive employers. When domestic as it is common this days ZFBST 'FMJY#SJHIU ZFBST  Additionally, they confessed that it within the maritime domain. workers do report criminal abuse, r5IFSFNVTUCFDPODJTFUFSNTPG police often dismiss their claims due agreement between the employer to difficulty of gathering evidence of and the domestic servants and their abuses committed in private house- referrals The Inaccurate Comparison of Taliban holds poses challenges to effective r*OTUBMMJOHBMPDBM$$57DBNFSB prosecution. in the house to monitor the activities of domestic servants with Boko Haram TYPES OF ABUSE ON DOMES- r-JNJUJOHUIFBDDFTTPGWJTJUPST TIC WORKERS to the house and discouraging do- Dr Bashir Mijinyawa and determination of Taliban to Taliban and unlike Afghanistan, r$POUSPM mestic servant from working in the take over power in their country Nigeria could not be described r1IZTJDBM"CVTF FNQMPZFSTSPPNXJUIPVUBEFRVBUF ollowing the take over of again. as a predominant Muslim r4FYVBM"CVTF monitoring control and authority by We also need to remember that country and it is unlikely for any r&NPUJPOBM"CVTF*OUJNJEBUJPO r&NQMPZFSTBSFOPUUPMJWFDBSF- the Taliban from ousted Afghanistan has a predominant insurgency to turn Nigeria into an r*TPMBUJPO lessly no matter their task schedule government of President Muslim population like Indonesia, Islamic country. r7FSCBM"CVTF$PFSDJPO 5ISFBUT  of duty of business FAsraf Ghana,several Nigerian Malaysia,Pakistan, , Saudi 5IF64BOEJUBMMJFTIBWF #MBNF &NQMPZFSTBSFUPFOTVSFBEFRVBUF had compared the Taliban with "SBCJB 6"&FUD5IFTFQSFEPNJ- realised that it is not cost effective r6TJOH.BMF1SJWJMFHF verification exercise is conducted UIF#PLP)BSBN5FSSPSJTUTUIBU nant Muslim countries are either to keep spending trillions of r&DPOPNJD"CVTF on the domestic servant before the have been waging an insurgency proclaimed as Islamic Republic %PMMBSTPGUIFJSUBYQBZFSTNPOFZ employment against the Nigerian state for (like in the case of Iran and to continue to defend a largely 3*4,"440$*"5&%8*5)&.- 'JOBMMZRVPUFi)BQQJOFTTIBTNBOZ NPSFUIBOZFBST Pakistan) or implement Sharia unpopular government.That it is 1-0:*/(%0.&45*$803,&34 roots, but none more Important than It is very inaccurate in my MBXXIJDIUIF64BOEXFTUFSO not cost effective and unsustain- r5IFGUPGWBMVBCMFT TFDVSJUZu4JODFFNQMPZFSTSFRVFTUFE WJFXUPFRVBUFUIF5BMJCBOXJUI world do not have major issues able and decided to pull out and r.BMUSFBUNFOUPGDIJMESFOVOEFS the services of the domestic servants UIF#PLP)BSBNGPSTFWFSBM with in as much as it will not allow the Taliban that is "popular" their care to guarantee comfort, easy life and reasons. allow the support and propaga- with the Afghans to take over r&YQPTVSFPGIPNFTUPDSJNJOBMTPS happiness for themselves and their Taliban was the government tion of extremist ideologies that and chart a new course for their giving vital information to criminals family members, there is need for them with power and authority in HPFTBHBJOTUUIFJOUFSFTUPGUIF64 country. r1PJTPOJOHGPPEESJOLTPGFN- to understand that their security to a "GHIBOJTUBOQSJPSUPXIFO and Western world. 5IF6,1BSMJBNFOUBMTP ployers and family members large extent rest in the hands of their B$PBMJUJPOMFECZ"NFSJDBGPSDFT 5IF64WJFXTUIFJNQMFNFOUB- held an emergency session to r *OJUJBUJOH  FNQMPZFST GBNJMZ domestic workers and should do invaded the country and remove tion of Islamic Laws as an deliberate on the unfolding members into witch craft or secret all that is possible to maintain good them from power for one major issue that largely constitute FWFOUTJO"GHIBOJTUBO5IF6, spiritual cult or other domineering working relationship with them so SFBTPOSFBTPOBDDPSEJOHUPUIF64 the internal affairs of the 1SJNF.JOJTUFS #PSJT+PIOTPO spirits. as to guarantee security of lives of President ; *harbouring terrorists Muslim Majority countries. The VOFRVJWPDBMMZTUBUFTUIBULFFQJOH r"CBOEPONFOUPGEVUZXJUIPVU their family members. such as Osama bin Laden who NBKPSDPODFSOPGUIF64BOE foreign troops in Afghanistan notification )PXFWFS UIFSFJTBTBZJOHUIBUOP plans and execute attacks against western Nations therefore is that to continue to defend the r"CTDPOEJOHGSPNIPNFXJUIPVU matter how you clean a pig, the pig UIF64BOEJUJOUFSFTUT 5IJTJT countries should not support overthrown government of recourse to the terms of employment must definitely go to the mud, the UIFNBJOSFBTPOUIF64JOWBEFE individuals or organisations Ashraf Ghani is unrealistic and with employers. employer should ensure they work in Afghanistan and removed Taliban with extremist ideologies that is unsustainable. r1JMGFSJOH5IFGUPGWBMVBCMFTGSPN consonance with the referrals and the GSPNQPXFSZFBSTBHPBDDPSE- inimical to their interest. It is very The world has therefore come UIFFNQMPZFFTIPNF terms of agreement of the job descrip- ing to the recent address by the QPTTJCMFUIBU64IBEBTTVSBODFT to the realisation that it is more Instances include a situation where tion and ensure they are guided with 641SFTJEFOU +PF#JEFO from Taliban that I will not do so rational and cost effective to allow a domestic servant informed her em- the report from the background check Again and very important is moving forward. the Taliban to take over power ployer took permission to see her par- conducted on the domestic servant. that the Taliban enjoy popular 5IF#PLP)BSBNJOUIF and form a broad based and all ent at home, the employer suspected support among the people of other hand are extremists who inclusive government that respect sudden decision of the domestic staff to -Moronfolu is a seasoned security Afghanistan even during the launched an insurgency that do UIFSJHIUTPGBMMDJUJ[FOTJODMVEJOH travel. They suspected something was consultant with many years of secu- ZFBSTPG64JOWBTJPO5IJT not have the support of majority women and minority groups. amiss and had to send for a security rity and policing experience. FELLOW, NBEFUIF64UPDPNFUPUIF of the people in the area where expert to join them in conducting Fourth Estate Professional Society realisation that their continued they operate as opposed to the -Mijinyawa is a Physician and search on her, at the end of the search (FFPS), he has also partaken in peace stay in Afghanistan to defend case of Taliban in Afghanistan. Public Affairs commentator. He it was shocking to the employer that keeping operations within and outside the government they support They were never in significant writes from Abuja Nigeria and the sum of fifty thousand naira stolen the country and has flair for general is unsustainable and could not control of government and can be reached through bashirmi- from their wardrobe by the domestic security education. defeat the unwavering resistance authority at any level like the [email protected] 46 MONDAY AUGUST 23, 2021 •THISDAY MONDAY AUGUST 23, 2021 • THISDAY 47 48 THISDAY MONDAY, AUGUST 23, 2021 BUSINESS/MONEYGUIDE Nigeria to Attract $150bn Investment from $4trn Halal Trade Gilbert Ekugbe where Nigerian companies can Middle East are seeking ways to take advantage of to forge new enter the Nigerian market not just Organisers of the International businesses. to bring in their products, but also Halal Expo, Abuja Chamber The event, which is jointly expanding their manufacturing of Commerce and Industry organised by the Abuja Trade activities in the country. (ACCI) have stated that Nigeria Centre (ATC) has so far attracted He said the expo would also is expected to attract over $150 interest from different countries give Nigerian exporters the op- billion investment from the in Africa and the middle East. portunity to break even into the Halal trade exhibition. “We are already in touch Middle East markets through the The organisers stated this at a with so many organisations Halal certification virtual press conference to herald in Taiwan, Malaysia, Jordan Reacting to the rejection of Ni- the expo scheduled to hold on Morrocco and Algeria. Going gerian goods at the international the 14th to 16th of September forward, we are going to be market, he said the MoU would 2021 at the Abuja Trade and having this expo on a yearly go a long way in increasing the Convention Centre, Abuja. basis and would be championed level of acceptability of Nigerian The president, ACCI, Dr. as part of our activities,”he said. products, Al-Mujtaba Abubakar, said Also speaking, the Executive “Most importantly, the products investment would target Nigeria’s Director, Abuja Trade Centre must have the Halal certification. cosmetic, pharmaceutical and (ATC), Jude Chime, said the It is a very wonderful platform to tourism sectors, adding that the $50 billion trade by Nigerian help promote export especially for expo would also serve as a launch companies is majorly in the our exporters and manufacturers,” pad to attract new businesses beverage and food industry, he said for Nigeria and Africa at large. calling on Nigerian businesses The first Deputy president, He said globally, the Halal to leverage on the opportunities Nigerian Association of Chambers business is worth over $4 trillion, the platform provides. of Commerce, Industry, Mines saying that Nigeria is currently “We will be signing a and Agriculture (NACCIMA), doing about $50 billion worth Memorandum of Understanding Dele Oye, said the Halal expo of trade in the Halal industry. (MoU) to expand the frontiers is about promoting trade and He added: “We have been of trade in the Halal industry. investments taking cognisance of working on the expo for the We are targeting the tourism, religion to reach a wider market. past four months as plans are pharmaceutical and cosmetics He urged members of the MARKET INDICATORS ongoing as we are giving it all industry. Nigeria is going to business community to take it takes for the expo to succeed.” benefit a lot from this expo advantage of the opportunity MONEY AND CREDIT STATISTICS (MILLION NAIRA) According to him, the Halal investment wise,” he said. while also restating NACCIMA’s business also covers all assets of He pointed out that a whole commitment to supporting the JANUARY 2021 commerce, banking, production lot of foreign companies in the expo. Money Supply (M3) 38,779,455.43

-- CBN Bills Held by Money Holding Sectors 1,039,129.55 Adebayo Wants Financial System Money Supply (M2) 37,740,325.88 -- Quasi Money 21,779,302.69 Broadened to Aid Sustainable Growth -- Narrow Money (M1) 15,961,023.19 ---- Currency Outside Banks 2,364,871.13 James Emejo ËØd Folalumi agreement. the development of a healthy Alaran ÓØÌßÔË He said,”As the economy financial sector. ---- Demand Deposits 13,596,152.06 grows, the financial services He noted that the focus is cur- Net Foreign Assets (NFA) 7,414,275.50 The Minister of Industry, Trade sector needs to keep pace with rently on reforms that strengthen and Investment, Mr. Adeniyi changing industry demands, the rights of borrowers and Net Domestic Assets(NDA) 31,365,179.93 Adebayo has said that the especially in terms of assess- lenders, strengthen the credit -- Net Domestic Credit (NDC) 42,916,586.63 financial system should be ing the prospects for risk and rating system, lower the costs broadened and deepened return. of obtaining credit as well as ---- Credit to Government (Net) 12,304,773.44 to sustain the growth of the “Sustainable growth of streamline dispute resolution. ---- Memo: Credit to Govt. (Net) less FMA 0.00 economy. the economy needs to be Commenting further on the The minister at the 2021 na- underpinned by a broadening AfCFTA, he said,”This market ---- Memo: Fed. and Mirror Accounts (FMA) 0.00 tional workshop of the Chartered and deepening of the financial size allows manufacturers to Institute of Stockbrokers (CIS) in system, capable of serving increase capacity and expand into ---- Credit to Private Sector (CPS) 30,611,813.19 Abuja, stressed that the financial the needs of all parts of the other African countries. “This will --Other Assets Net 3,892,112.74 sector was central to an economic economy.” enable investors to benefit not growth. He said economies which had only from the Nigerian market Reserve Money (Base Money 13,264,585.14 He also said that the sustained long-term growth have but from other countries on the implementation of the Africa experienced enormous structural continent as well. --Currency in Circulation 2,831,167.19 Continental Free Trade Area change by shifting from being pre- “To put this in context, Nigeria --Banks Reserves 10,433,417.96 ˾ÙßÜÍÏ̋ Agreement (AfCFTA) will dominantly rural and agricultural contributes an estimated 76 pet --Special Intervention Reserves 317,234.17 enhance the continent’s capacity to a more urban, manufacturing cent of total trading volume in to unlock growth and create jobs and service-based structure. the ECOWAS region. This is by building the nation’s industrial He said,”This was certainly the made possible because of the Money Market Indicators (in Percentage) capacity, enlarging its productivity history of many industrialised ECOWAS treaty which provides Month March 2018 as well as becoming competitive countries as the countries’ for the free movement of people Inter-Bank Call Rate 15.16 globally. economies diversified, their and goods throughout 15 West Adebayo said with the larg- financial systems grew in depth African countries.” Minimum Rediscount Rate (MRR) est economy and population and breadth.” According to him, AfCFTA in Africa- $500 billion in GDP The minister added that grants access to 54 countries Monetary Policy Rate (MPR) 14.00 and a population of 200 million now that the country is pres- with a population of around Treasury Bill Rate 11.84 respectively, the country could ently experiencing economic 1.3 billion and a market value benefit immensely from the trade growth, there was the need for of about $3.4 trillion. Savings Deposit Rate 4.07 Datapro Assigns “A” Rating 1 Month Deposit Rate 8.82 3 Months Deposit Rate 9.72 to DLM Capital Group 6 Months Deposit Rate 10.93 12 Months Deposit Rate 10.21 Darasimi Adebisi very good financial strength, Group Limited is supported by operating performance and its Good Revenue Profile, Good Prime Lending rate 17.35 DataPro Limited, a lead- business profile when compared Asset Quality and Experienced Maximum Lending Rate 31.55 ing national Credit Rating to the standard established by Management.DLM Capital Group Agency (CRA) recognised DataPro. This Company, in our Limited subsequently got a and approved by the Securi- opinion, has the ability to meet short-term rating of“A1”. This ˾ÙØÏÞËÜãÙÖÓÍãËÞÏ̋ͯͱϱ ties & Exchange Commission its ongoing obligations. indicates Good Credit Quality (SEC), has in its latest report “The DataPro Rating Com- and satisfactory capacity for OPEC DAILY BASKET PRICE AS AT THURSDAY, 15 JULY 2021 assigned “A” rating to DLM mittee approved the Rating after timely payment of financial Capital Group Limited with assessment of the Company’s commitments.” The price of OPEC basket of thirteen crudes stood at $73.15 a barrel on Thursday, a stable outlook for the year financial Performance, Parent DataPro notes that the rating compared with $75.29 the previous day, according to OPEC Secretariat calculations. 2020/2021. Company, Subsidiaries, Corporate carries a maximum shelf life of The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan The Managing Director/CEO, Governance& Risk Manage- 12 calendar months, in line with Blend (Algeria), Girassol (), Djeno (Congo), Zafiro (), Rabi Light DataPro Limited Abimbola ment, Risk Factors, Regulatory international best practice. The (), Iran Heavy (Islamic Republic of Iran), Basra Light (), Export (Kuwait), Adeseyoju in a signed statement Environment, Future Outlook of rating is therefore not an offer to Es Sider (), Bonny Light (Nigeria), Arab Light (), Murban (UAE) and said the “A” Rating indicates its current healthy profile in the trade in securities nor a substitute Merey (). Low Risk. medium to long-term period. for the user’s judgement. It is According to him, “It shows “The Rating of DLM Capital meant for reference purposes. THISDAY MONDAY, AUGUST 23, 2021 49

MARKET NEWS Shareholders Disagree With SEC over N170bn Unclaimed Dividend Darasimi Adebisi further create awareness and 2020 from N15.88billion reported The DG of SEC, Lamido declaration by SEC is “just government, a lot of sharehold- reduce unclaimed dividend in 2019. Yuguda, said the figure had speculation”. ers have come forward to claim Shareholders of quoted com- in the capital market. FBN Holdings reported increased from N158 billion According to him: “I don’t their money from registrars. The panies in the country have THISDAY reliable gathered N9.62billion unclaimed dividend as of December 2019. think the figure disclosed N170billion quoted by SEC’s DG disagreed with Securities and that unclaimed dividend in the in 2020 from N8.09billion in 2019. Unclaimed dividend in the by SEC’s DG on unclaimed is unrealistic and ambiguous. Exchange Commission (SEC) on banking sector in 2020 increased Further findings revealed capital market has increased dividend is true. Has SEC find They will need to sit down and the use of the reported N170bil- as banks recorded growth in that Dangote cement unclaimed from over N2 billion in 1999 to out from registrars how much do their homework. SEC needs lion unclaimed dividend in the dividend paid to shareholders. dividend closed 2020 at N4billion N120 billion recorded in 2018. is unclaimed dividend in the to reach out to registrars and Nigerian capital market. Specifically, Zenith Bank Plc from N3.5billion. But in a telephone chat with capital market and how the ask for how much paid out and They expressed shock on in 2020 financial year reported The Commission recently THISDAY, at the weekend, Commission confirmed that how much is left.” N170billion reported by the N28.04billion unclaimed dividend attributed growth in unclaimed Chairman, Progressive Share- we have N170bilion unclaimed He added, “Commission is Commission, stating that from N25.6billion while Access dividend to identity management holders Association of Nigeria, dividend? looking for avenue to corner registrars on their part have Bank unclaimed dividend and multiple subscriptions of Boniface Okezie said the N170 “Since SEC announced that unclaimed dividend in the NCM worked with shareholders to dropped to N15.73billion in investors. billion unclaimed dividend the fund has been taken over by and it can’t work.” PRICES FOR SECURITIES TRADED AS OF 20/08/2021

MAIN BOARD DEALS MARKET QUANTITY VALUE TRADED MAIN BOARD DEALS MARKET QUANTITY VALUE TRADED PRICE TRADED ( N ) PRICE TRADED ( N ) 50 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY MONDAY AUGUST 23, 2021 • THISDAY 51 MARKET NEWS A Mutual fund (Unit Trust) is an investment floor of the Nigerian Stock Exchange. Offer price: The price at which units of a trust or vehicle managed by a SEC (Securities and A REIT (Real Estate Investment Trust) is an ETF are bought by investors. Exchange Commission) registered Fund Manager. investment vehicle that allows both small and Bid Price: The price at which Investors Investors with similar objectives buy units of the large investors to part-own real estate ventures (eg. redeem (sell) units of a trust or ETF. Fund so that the Fund Manager can buy securities Offices, Houses, Hospitals) in proportion to their Yield/Total Return: Denotes the total that willl generate their desired return. investments. The assets are divided into shares that return an investor would have earned on An ETF (Exchange Traded Fund) is a type are traded on the Nigerian Stock Exchange. his investment. Money Market Funds report of fund which owns the assets (shares of stock, Yield while others report Year- to-date Total bonds, oil futures, gold bars, foreign currency, GUIDE TO DATA: Return. etc.) and divides ownership of those assets into Date: All fund prices are quoted in Naira as at 19- NAV: Is value per share of the real estate shares. Investors can buy these ‘shares’ on the Aug-2021, unless otherwise stated. assets held by a REIT on a specific date. DAILY PRICE LIST FOR MUTUAL FUNDS, REITS and ETFS MUTUAL FUNDS / UNIT TRUSTS GREENWICH ASSET MANAGEMENT LIMITED [email protected] AFRINVEST ASSET MANAGEMENT LTD [email protected] Web: www.gtlgroup.com ; Tel: +234 1 4619261-2 Web: www.afrinvest.com; Tel: +234 818 885 6757 Fund Name Bid Price Offer Price Yield / T-Rtn Fund Name Bid Price Offer Price Yield / T-Rtn Greenwich Plus Money Market Fund N/A N/A N/A Afrinvest Equity Fund 156.46 157.82 -3.35% Nigeria Entertainment Fund N/A N/A N/A Afrinvest Plutus Fund 100.00 100.00 4.87% GROWTH & DEVELOPMENT ASSET MANAGEMENT LIMITED [email protected] Nigeria International Debt Fund 319.90 319.90 -17.60% Web: www.gdl.com.ng ; Tel: +234 9055691122 Afrinvest Dollar Fund 109.07 109.07 -2.66% Fund Name Bid Price Offer Price Yield / T-Rtn ALTERNATIVE CAPITAL PARTNERS LTD [email protected] GDL Money Market Fund N/A N/A N/A Web: www.acapng.com, Tel: +234 1 291 2406, +234 1 291 2868 INVESTMENT ONE FUNDS MANAGEMENT LTD [email protected] Fund Name Bid Price Offer Price Yield / T-Rtn Web: www.investment-one.com; Tel: +234 812 992 1045,+234 1 448 8888 ACAP Canary Growth Fund N/A N/A N/A Fund Name Bid Price Offer Price Yield / T-Rtn ACAP Income Funds N/A N/A N/A Abacus Money Market Fund 100.00 100.00 7.86% AIICO CAPITAL LTD [email protected] Web: www.aiicocapital.com, Tel: +234-1-2792974 Vantage Balanced Fund 2.68 2.75 -6.00% Fund Name Bid Price Offer Price Yield / T-Rtn Vantage Guaranteed Income Fund 1.00 1.00 4.50% AIICO Money Market Fund 100.00 100.00 7.51% Kedari Investment Fund (KIF) 152.39 152.66 -2.00% AIICO Balanced Fund 3.30 3.46 -2.88% Vantage Equity Income Fund (VEIF) - June Year End 1.27 1.32 1.10% ANCHORIA ASSET MANAGEMENT LIMITED [email protected]@anchoriaam.com Vantage Dollar Fund (VDF) - June Year End 1.09 1.09 0.41% LOTUS CAPITAL LTD fi[email protected] Web:www.anchoriaam.com, Tel: 08166830267; 08036814510; 08028419180 Web: www.lotuscapitallimited.com; Tel: +234 1-291 4626 / +234 1-291 4624 Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Money Market 100.00 100.00 7.76% Fund Name Bid Price Offer Price Yield / T-Rtn Anchoria Equity Fund 140.93 142.57 5.95% Lotus Halal Investment Fund 1.43 1.45 4.86% Anchoria Fixed Income Fund 1.13 1.13 -14.99% Lotus Halal Fixed Income Fund 1,145.16 1,145.16 5.47% ARM INVESTMENT MANAGERS LTD [email protected] MERISTEM WEALTH MANAGEMENT LTD [email protected] Web: www.arm.com.ng; Tel: 0700 CALLARM (0700 225 5276) Web: http://www.meristemwealth.com/funds/ ; Tel: +234 1-4488260 Fund Name Bid Price Offer Price Yield / T-Rtn Fund Name Bid Price Offer Price Yield / T-Rtn ARM Aggressive Growth Fund 19.66 20.25 8.39% Meristem Equity Market Fund 11.46 11.49 9.32% ARM Discovery Balanced Fund 432.31 445.35 7.98% Meristem Money Market Fund 10.00 10.00 7.65% ARM Ethical Fund 38.17 39.32 13.24% PAC ASSET MANAGEMENT LTD [email protected] ARM Eurobond Fund ($) 1.09 1.09 -1.21% Web: www.pacassetmanagement.com/mutualfunds; Tel: +234 1 271 8632 ARM Fixed Income Fund 0.97 0.97 -7.49% Fund Name Bid Price Offer Price Yield / T-Rtn ARM Money Market Fund 1.00 1.00 8.21% PACAM Balanced Fund 1.66 1.69 7.16% AVA GLOBAL ASSET MANAGERS LIMITED [email protected] PACAM Fixed Income Fund 11.52 11.51 -5.27% Web: www.avacapitalgroup.com PACAM Money Market Fund 10.00 10.00 5.44% Fund Name Bid Price Offer Price Yield / T-Rtn PACAM Equity Fund 1.66 1.67 4.84% AVA GAM Fixed Income Dollar Fund 105.77 105.77 3.99% PACAM EuroBond Fund 112.81 114.65 2.69% AVA GAM Fixed Income Naira Fund 1,018.81 1,018.81 1.88% AXA MANSARD INVESTMENTS LIMITED [email protected] SCM CAPITAL LIMITED [email protected] Web: www.axamansard.com; Tel: +2341-4488482 Web: www.scmcapitalng.com; Tel: +234 1-280 2226,+234 1- 280 2227 Fund Name Bid Price Offer Price Yield / T-Rtn Fund Name Bid Price Offer Price Yield / T-Rtn AXA Mansard Equity Income Fund 134.38 135.32 6.50% SCM Capital Frontier Fund 131.76 134.35 8.60% AXA Mansard Money Market Fund 1.00 1.00 9.62% SFS CAPITAL NIGERIA LTD [email protected] CAPITAL EXPRESS ASSET AND TRUST LIMITED [email protected] Web: www.sfsnigeria.com, Tel: +234 (01) 2801400 Web: www.capitalexpressassetandtrust.com ; Tel: +234 803 307 5048 Fund Name Bid Price Offer Price Yield / T-Rtn Fund Name Bid Price Offer Price Yield / T-Rtn SFS Fixed Income Fund 1.05 1.05 10.10% CEAT Fixed Income Fund 2.02 2.02 -9.62% STANBIC IBTC ASSET MANAGEMENT LTD [email protected] Capital Express Balanced Fund(Formerly: Union Trustees Mixed Fund) 2.13 2.17 -7.22% Web: www.stanbicibtcassetmanagement.com; Tel: +234 1 280 1266; 0700 MUTUALFUNDS CARDINALSTONE ASSET MANAGEMENT LIMITED [email protected] Fund Name Bid Price Offer Price Yield / T-Rtn Web: www.cardinalstoneassetmanagement.com ; Tel: +234 (1) 710 0433 4 Stanbic IBTC Balanced Fund 3,290.52 3,325.52 2.45% Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Bond Fund 232.39 232.39 3.35% CardinalStone Fixed Income Alpha Fund 1.01 1.01 2.46% Stanbic IBTC Ethical Fund 1.22 1.24 4.24% CHAPELHILL DENHAM MANAGEMENT LTD [email protected] Stanbic IBTC Guaranteed Investment Fund 306.05 306.05 3.87% Web: www.chapelhilldenham.com, Tel: +234 461 0691 Stanbic IBTC Iman Fund 224.93 228.28 3.06% Fund Name Bid Price Offer Price Yield / T-Rtn Stanbic IBTC Money Market Fund 100.00 100.00 8.16% Chapelhill Denham Money Market Fund 100.00 100.00 8.02% Stanbic IBTC Nigerian Equity Fund 10,399.36 10,550.37 -0.89% Paramount Equity Fund 16.64 16.95 4.06% Stanbic IBTC Dollar Fund (USD) 1.27 1.27 3.46% Women's Investment Fund 137.13 138.73 3.05% Stanbic IBTC Shariah Fixed Income Fund 115.32 115.32 3.82% CORDROS ASSET MANAGEMENT LIMITED [email protected] Stanbic IBTC Enhanced Short-Term Fixed Income Fund 103.10 103.10 - Web: www.cordros.com, Tel: 019036947 UNITED CAPITAL ASSET MANAGEMENT LTD Fund Name Bid Price Offer Price Yield / T-Rtn Web: www.unitedcapitalplcgroup.com; Tel: +234 01-6317876 Cordros Money Market Fund 100.00 100.00 7.56% Fund Name Bid Price Offer Price Yield / T-Rtn Cordros Milestone Fund 2023 119.50 120.27 United Capital Balanced Fund 1.30 1.32 1.97% Cordros Milestone Fund 2028 N/A N/A United Capital Bond Fund 1.91 1.91 4.21% United Capital Equity Fund 0.87 0.89 9.90% Cordros Dollar Fund ($) 107.97 107.97 United Capital Money Market Fund 1.00 1.00 9.23% CORONATION ASSEST MANAGEMENT [email protected] Web:www.coronationam.com , Tel: 012366215 United Capital Eurobond Fund 119.83 119.83 4.21% Fund Name Bid Price Offer Price Yield / T-Rtn United Capital Wealth for Women Fund 1.06 1.08 3.98% Coronation Money Market Fund 1.00 1.00 7.72% United capital Sukuk Fund 1.06 1.06 5.98% Coronation Balanced Fund 1.21 1.22 0.57% QUANTUM ZENITH ASSET MANAGEMENT & INVESTMENTS LTD [email protected] Coronation Fixed Income Fund 1.39 1.39 -12.20% Web: www.quantumzenith.com.ng; Tel: +234 1-2784219 EDC FUNDS MANAGEMENT LIMITED [email protected] Fund Name Bid Price Offer Price Yield / T-Rtn Web: www.ecobank.com Tel: 012265281 Zenith Equity Fund 12.90 13.01 8.67% Fund Name Bid Price Offer Price Yield / T-Rtn Zenith Ethical Fund 14.24 14.37 16.58% EDC Nigeria Money Market Fund Class A 100.00 100.00 8.31% Zenith Income Fund 24.29 24.29 1.28% EDC Nigeria Money Market Fund Class B 1,000,000.00 1,000,000.00 7.68% Zenith Money Market Fund 1.00 1.00 6.21% EDC Nigeria Fixed Income Fund 1,145.83 1,161.73 -0.52% FBNQUEST ASSET MANAGEMENT LTD [email protected] REITS Web: www.fbnquest.com/asset-management; Tel: +234-81 0082 0082 Fund Name NAV Per Share Yield / T-Rtn Fund Name Bid Price Offer Price Yield / T-Rtn SFS REIT 125.34 10.92% FBN Fixed Income Fund 1,404.32 1,404.32 11.08% Union Homes REIT 51.90 2.86% FBN Balanced Fund 190.87 192.21 1.70% EXCHANGE TRADED FUNDS FBN Halal Fund 111.92 111.92 8.35% Fund Name Bid Price Offer Price Yield / T-Rtn FBN Money Market Fund 100.00 100.00 9.31% Lotus Halal Equity Exchange Traded Fund 13.38 13.48 1.19% SIAML Pension ETF 40 122.04 125.09 1.50% FBN Nigeria Eurobond (USD) Fund - Retail 126.75 126.75 3.79% Stanbic IBTC ETF 30 Fund 97.59 99.73 -1.64% FBN Smart Beta Equity Fund 156.48 159.79 3.51% MERGROWTH ETF 17.46 17.56 FCMB ASSET MANAGEMENT LIMITED [email protected] MERVALUE ETF 18.25 18.35 Web: www.fcmbassetmanagement.com; Tel: +234 1 462 2596 VETIVA FUND MANAGERS LTD [email protected] Fund Name Bid Price Offer Price Yield / T-Rtn Web: www.vetiva.com; Tel: +234 1 453 0697 Legacy Money Market Fund 1.00 1.00 5.67% Fund Name Bid Price Offer Price Yield / T-Rtn Legacy Debt Fund 3.96 3.96 2.39% Vetiva Banking Exchange Traded Fund 3.91 3.95 3.44% Legacy Equity Fund 1.60 1.63 4.97% Vetiva Consumer Goods Exchange Traded Fund 5.56 5.64 -2.20% Legacy USD Bond Fund 1.18 1.18 4.24% Vetiva Griffin 30 Exchange Traded Fund 17.63 17.73 8.60% FSDH ASSET MANAGEMENT LTD [email protected] Vetiva Money Market Fund 1.00 1.00 6.31% Web: www.fsdhaml.com; Tel: 01-270 4884-5; 01-280 9740-1 Vetiva Industrial Goods Exchange Traded Fund 19.72 19.92 -3.88% Fund Name Bid Price Offer Price Yield / T-Rtn Vetiva S&P Nigeria Sovereign Bond Exchange Traded Fund 155.36 157.36 -29.25% Coral Balanced Fund 3,712.92 3,776.68 -0.72% Coral Income Fund 3,358.16 3,358.16 2.50% INFRASTRUCTURE FUND Fund Name NAV Per Share Yield / T-Rtn Coral Money Market Fund 100.00 100.00 3.53% Chapel Hill Denham Nigeria Infrastructure Debt Fund 107.40 13.11% 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. 52 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY

1 ADVERTISEMENT AMCON Gives Court Undertaking on NICON –Record of Court proceedings

53 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY 53

ADVERTISEMENT AMCON Gives Court Undertaking on NICON –Record of Court proceedings

2 54 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY TRIBUTE FAREWELL TO AHMED JODA, MY WARTIME BOSS

Lindsay Barrett f I must tell the truth, when I first met Ahmed Joda in early 1967, I was probably naïve and ignorant about Nigerian issues. He might well have considered me a novice Iwho was engaging in something I was not ready for. He was the permanent secretary of the Federal Ministry of Information, and I had lived in Nigeria for less than a year. However, I had made friends with some extraordinarily well-informed and professionally competent members of the ministry’s staff, prominent among whom were Messrs Scott-Emuakpor and Sam Epelle. Both of these gentlemen were articulate and highly professional media practitioners, and I sought their assistance in obtaining background information as I embarked upon my early efforts at reporting Nigerian affairs for West Africa magazine. My meeting with the permanent secretary actually came about as I was trying to understand and interpret the threat of the Civil War, which had become the major element in the global evaluation of Nigerian political affairs at the time. The general attitude of the Western press then suggested that the nation was about to descend into an orgy of ethnic violence and religious conflict. As a young and somewhat idealistic advocate of Pan-African values, I was profoundly opposed to the destruction of Nigerian unity because I believed in Nigeria’s role as the giant of black nationalist aspirations. When I was asked to contribute to the anti-secessionist advocacy of the federal government, I accepted enthusiastically. When I was posted to head the Enugu office of the Information Ministry as the civil war commenced, I saw no reason to reject the appointment. With encouragement from Prof. Essien Essien-Udom and my close and dear friend Ukpabi Asika from the University of Ibadan, I went to meet Alhaji Joda through the intervention of Alhaji M.D. Yusuf, the then head of the E Department, the intelligence arm of the he was sending an officer from the Nigerian Police Force. Unknown to me “Alhaji Ahmed Joda’s commitment to headquarters to assist me. at that time, Alhaji Yusuf and some of By then, I had published a few reports the officials of the Nigerian civil service harmony in diversity was deep-rooted, abroad and established a newsletter had read some commentaries that I had called The Enlightener for distribution written in Paris in the years before I and he expressed it in consistent terms in the war zone. What I remember came to Africa and were impressed most effectively from that period are by my commitment to African unity throughout the wartime period when I the annual information conferences and progress. However, Alhaji Joda’s collaborated with the ministry.” that were held in different parts of the first question was whether I felt that country to formulate and consolidate I would be able to be objective and the national policy on communication neutral in reporting from Enugu. and propaganda. This surprised me because I had not enormous one for even the most to me that civil war was inevitable Alhaji Ahmed Joda’s commitment to expected the nation’s chief information experienced Nigerian, so I should although not desirable. harmony in diversity was deep-rooted, officer to expect me to be objective in not assume that my task would be Over the next two and a half years, and he expressed it in consistent terms reporting a conflict that I felt was initiated easy. Then in his usually humorous as I worked under the guidance of the throughout the wartime period when I by the federalists. He then elaborated manner, he told me to make the best East Central State Government and collaborated with the ministry. He was on the issue by telling me that as far of what he was sure would be an the Federal Authorities, I had several a very modest individual even though as he was concerned, the message we uncomfortable ride. He then suggested opportunities to observe and interact he was often described as one of the had to promote was one of a return that I meet and speak with some with Alhaji Joda and to seek his advice. so-called “Super PermSec’s” Gowon to harmony among all the peoples of military officers to comprehend the I was especially moved when after I administration. He never let power or Nigeria rather than to place blame for reality of Nigerian nationalism at that had spent just about three months in position go to his head, and he remained the conflict on anyone. period. That was how I eventually met Enugu, he told me that the ministry committed to inter-ethnic cooperation He felt that the task would be an Col. Martin Adamu, who explained highly appreciated my efforts, and to the end of his days. MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY 55 NEWS ANALYSIS Olusola Akanmode: Salute To a Rare and Community-Minded Patriot at 71 By Tunde Olusunle operationalisation of the Vice the development of the state, under Wada and President's office. There was very continued to support the administration in several f you didn't know him in his days as a high regular interface between the Vice ways. Akanmode had also been a resource advisor flying bureaucrat in the Old Kwara State, President, and his principal officers, to the administration of Olusegun Mimiko, when either by way of a physical encounter, or to keep them up to speed with the latter was governor of . perhaps you gleaned his face in the media, government's intentions, initiatives, Akanmode has been serially misunderstood as Iyou probably encountered him in high end social policies and plans. Akanmode arrogant and standoffish in some circles, ascriptions circles in Ilorin, capital of the state. He was at various deftly navigated the intricate which cannot be empirically substantiated, given times a Permanent Secretary or Director-General, relationship between the two the mass respect and acceptance he enjoys in the depending on the nomenclatural preference of top shots, especially against the political firmament in Kogi. Back home, his political the federal bureaucracy which set the pace for backdrop of the peculiarity of his alias is "The Bridge," a corroboration of his exertions the states, under military rulership. designation as Deputy Chief of and investment in rallying people across the state He served nearly half a dozen military governors Staff to the President, in the Office together. Truth, though, is that he has minimum at the time and also established *The Niche Club* of the Vice President. This curious tolerance for people of contestable intellectual a classy hangout for select middle class patrons complexion of his job, implied constitution, fringe characters and freestyle laggards, in Ilorin, capital of the state. *The Niche* was that he was first and foremost who cannot add value in any way. He chooses located in the serene Adewole Housing Estate, an appointee of the President, his friends and associates, from a broad spectrum away from the stomp and shove of the city centre, before his deployment to the of his immediate constituency and beyond, and an idyllic hub for winding down after work hours Office of the Vice President. This they are usually people he holds in high esteem. or networking. was definitely a different scenario He is extremely witty, by the way, but he is To be sure, between January 1984 and August from what obtained elsewhere, careful to choose his audience at every turn, so he 1991, he served in the administrations of Salaudeen especially in the United States of is not misconstrued. In the course of a meeting of Latinwo, (both airforce America (USA), whose presidential leaders from Kogi West chaired by Jemibewon for group captains) and ; Ibrahim democracy Nigeria copied, and instance, the mobile phone of the General rang, Alkali and Alwali Jauji Kazir, respectively, (all army had to be carefully managed. even when he thought it was on the silent mode. colonels), who were all military governors between Quietly and unobtrusively, The ring tone was a popular disco tune, even the regimes of Muhammadu Buhari and Ibrahim Akanmode worked behind as the octogenarian tried to regulate the phone. Badamasi Babangida, as the nation's military the scenes to help mitigate the Akanmode didn't spare the opportunity to take a helmsmen. He functioned at various times in emasculation of Kogi West jibe at the senior citizen. "General," he said, "This different ministries, departments and agencies, Senatorial Zone in the national ring tone is too funky for an old man," which (MDAs), notably Finance, Health, Governor's Office scheme, those early years of drew laughter from the audience. and Office of the Head of Service. He equally popular rule. With the governor Back home in Okunland especially during served in Education, Government House as well of Kogi State coming from Kogi festivities, Akanmode is your quintessential host. as Commerce and Industry. East and his Deputy from Kogi He throws his bar and kitchen wide open for his His work ethic circumscribed by unwavering Central, between 1999 and 2012, guests, usually visiting Okun kinsmen from various commitment, focus, hard work, diligence and the highest ranking political office parts of the country and home folks, in archetypal versatility, earned him something of a magical holder from Kogi West during the Okun fellowship and camaraderie. This is usually ascendancy in the . He became a Obasanjo years, therefore, was the characterised by handshakes, laughter, backslaps, Permanent Secretary, within 13 breathtaking years, Speaker of the House of Assembly. hugs, general bonhomie and teasing jokes, in variants at the age of 37. Reaching the peak of the civil Expectedly, he wielded minimal of our mother tongue, as people catch up with service at that level, is statutorily attained either influence in the political scheme issues and happenings, enjoying the rejuvenating before 35 years in service, or ahead of the 60th Akanmode of the state. Elected and appointed breeze of the countryside. birthday of a civil servant. He was also one of public officers in the Obasanjo The commemoration of his 70th birthday last pioneering public servants in the newborn Kogi TRIBUTE government from Kogi State, met regularly year, attracted dignitaries like Jemibewon and his State, created by Babangida August 27,1991, and synergised to ensure that the state was not wife, Dupe; former Kogi State governor Wada; following the excision of parts of the erstwhile undermined with regards to the appropriation of former Senator representing Kogi West, Dino Benue and Kwara states, to constitute the present by the state government, in the days of trickling dividends of democracy by way of appointments Melaye; National Publicity Secretary of the PDP day Confluence State. monthly allocations to state governments, from and infrastructural projects. Kola Ologbondiyan; former General Manager In the new creation, he served as premier the federal purse, with the states contending with Differences between Obasanjo and Atiku in Corporate Communications of the Federal Housing Permanent Secretary in an omnibus Ministry of debt overhangs and workers' emoluments. The the aftermath of the 2003 presidential election, Authority (FHA) Tunde Ipinmisho, Richard Olonisua Works, Water Resources, Lands and Housing, programme, coordinated by his office as SSG, culminated in the wholesale decimation of the of the Assets Management Corporation of Nigeria, under the four-month foundation-laying regime recorded some level of success. But as with many office of the Number Two citizen, whose staff were (AMCON), among others. of Danladi Mohammed Zakari, also an army brilliant initiatives powered by government, the wilfully sacked by Obasanjo. Akanmode resigned At the event, Akanmode the celebrant didn't miss colonel, in the state. He worked with Zakari to idea petered out, soon after the exit of the Omeruo his appointment in December 2006, in solidarity the opportunity to send his guests into laughter, articulate a framework for the takeoff of the new administration. with his Principal. So bitter was the acrimony when Dino Melaye opened a bottle of champagne state, which was to be driven by the brimming Under the military, the functions of the COS in between both leaders, that Akanmode was denied and served him, before the toast was proposed in his quality and abundance of manpower in the state. It the office of the Number Two man in a federal the national honour automatically due to him by honour. "I hope everyone is watching," Akanmode was expected that the state will take full advantage setup, the Chief of General Staff, CGS, were overseen virtue of his appointment and contributions to said. "This celebrant is being served by a Senator, a of its geophysical location at the intersection of by a high ranking military officer, not below the the Obasanjo regime, a development which he whole Senator of the Federal Republic of Nigeria. Nigeria's two largest rivers, the Niger and Benue rank of Brigadier General, (or its equivalent in the reflects on, from time to time. It's not easy to get here, you know," which drew in Lokoja, capital of the new state; its touristic other arms of the military). He was referred to as Akanmode returned to his birthplace, Aiyetoro- guffaws from guests at the event. Akanmode endowments as a Lord Lugard era capital of Principal Staff Officer, (PSO). It was therefore the Gbedde in Ijumu local government area after his indeed told a reporter who interviewed him on Nigeria; its multiplicity of solid minerals which responsibility of Akanmode and his colleagues in disengagement from the Obasanjo government, the occasion, that he "didn't feel like 70." had already bred the Ajaokuta Steel Complex; its the office of the President, Olusegun Obasanjo, to to pursue his passion in agriculture and the President Muhammadu Buhari congratulated abutment with nine states and the federal capital demilitarise and domesticate the office to conform development of cottage industries. As at 2018, Akanmode on that landmark, saluting him for territory and its immense agricultural potentials. with the needs of a democratic dispensation. his farm spanned 350 hectares of high yield being "a distinguished public servant who served Olusola Akanmode, better known in the national Much as he served predominantly under military cassava, while a small plant which he operated, on many committees and special task forces, at space, since the outset of democratic governance leaders, Akanmode had substantial experience produced *garri* in cellophane packages. The state and federal levels," as part of his contributions in 1999, when he served as Chief of Staff, COS, to in grassroots politics and popular mobilisation. heightened activities of rampaging herdsmen, to aggregate national development. Former Vice Vice President, Atiku Abubakar, had a longserving, Following his exit from the Omeruo administration however, have ensured that he has suspended President Atiku Abubakar equally celebrated fulfilled and inspiring career in the public service. in the first half of 1995, he spent quality time his farming activities for a while. The losses he Akanmode as "a brilliant individual with exceptional He had been properly groomed for challenges in his community and homeland in the Okun suffered following the discontinuation of his pet skills at achieving success in his endeavours, an and tasks which he encountered in his latter years country, availing himself of better understanding project remains a profound source of unhappiness asset to Nigeria and a leader who has paid his dues in the service to the nation. Back in 1993, shortly and appreciation of his people. He was one of the for him. towards the growth of our fatherland." The Ooni after the ouster of the regime of Ernest Shonekan, initiators of the "Okun New Initiative," (ONI), an A prince from the Akanmode royal family in of Ife, Adeyeye Enitan Ogunwusi and Akanmode's Head of the Interim National Government (ING), apolitical sociocultural assemblage of select Okun Aiyetoro-Gbedde, Olusola Akanmode was born former boss in Kwara State, General Alwali Kazir put in place by Babangida, Akanmode was recalled leaders, including Jide Omokore, Funso Owoyemi, August 18, 1950. He attended what was then equally felicitated with him on the milestone. from retirement to serve as Secretary to the State Olu Owa and so on, to chart a new political direction known as the Provincial Secondary School, Okene, Akanmode was a delegate representing Kogi State Government, SSG, in Kogi State. for Okunland, serially victimised in the political beginning from 1963. He proceeded to lead his at the 2014 National Conference initiated by the The dodgy, hurriedly cobbled together ING scheme, under various political arrangements. class in the University of Cambridge-moderated administration of President Goodluck Jonathan, to contraption, was Babangida's way of availing himself A protege of the revered Okun bureaucrat and Higher School Certificate Examination, HSC and dilate issues of national concern, build a consensus a soft landing in the boiling political conundrum leader, Sunday Bolorunduro Awoniyi, Akanmode was admitted to study French at the nation's and chart a new sociopolitical trajectory for the of the nation at the time. This followed strident was involved in the Abacha era politicking which premier university, the University of Ibadan, nation. The conference was applauded as being agitations by Nigerians and the international produced five political parties. This included: between 1970 and 1974. After the mandatory a success, as it was very representative of our community, after Babangida annulled the "June Convention for National Consensus (CNC); United one-year National Youth Service Corps (NYSC) multilevel diversities and tendencies, as a people and 12, 1993" election, won by the business mogul, Nigeria Peoples' Convention, UNCP; National Centre he joined the civil service of the Old Kwara State, a nation. Unfortunately, despite unanimous consent Moshood Kasimawo Olawale Abiola, hailed as Party of Nigeria (NCPN); Democratic Party of Nigeria in 1975. He opted for the civil service, even when about the prospects of the report of the conference *MKO* for short, in the national political arena. (DPN) and Grassroots Democratic Movement (GDM) he had an opportunity to pursue a career in the in addressing the national question, the Buhari The clamour centred around the imperative of registered by the National Electoral Commission, academia, following the advice of his childhood milieu has left the document to accumulate dust the restoration Abiola's mandate. (NECON) in September 1996. friend, Samuel Adedoyin and he has not looked and cobwebs in bookshelves of the establishment. Sani Abacha, himself an army general and The UNCP was the dominant party in that back ever since. He obtained a masters degree in And don't be surprised if you find Prince Babangida's confidant, kicked out Ernest Shonekan milieu and Akanmode, alongside Awoniyi, David , on the job, to consummate Akanmode caressing the most up-to-date electronic and the democratically elected governors and Medaiyese Jemibewon, Jonathan , his lifelong career in the public space. appliances. He is an irrepressible "gadgets freak," parliaments in November 1993, and appointed Ado Shuaibu, Stephen Olorunfemi and others, In 2011, he staked a claim to the leadership of for your information. If you haven't seen the most military administrators in place of the civilian rallied the electorate in the senatorial zone, behind Kogi State, participating in the primaries the the recent version of an I-Phone, a *Bose or Bang and governors. Paul Uzoanya Ndimele Omeruo, then the UNCP. The UNCP dissolved into the Peoples' PDP. That was a golden opportunity for Kogi West Olusfen* compact music player or similar device, an army colonel from the artillery corps of the Democratic Party, PDP, following the emergence of to clinch the ticket of the party for the election. you are most likely to find them with him. He Nigerian Army, was appointed chief executive of Abdulsalam Abubakar as military Head of State Unfortunately, the zone literally went to battle remains very up to date with trends and events, Kogi State. Akanmode thus became the de facto in June 1998, after the demise of Sani Abacha. with too many commanders. With over half a despite being a septuagenarian now. I once joked Number Two man in the administration, in the The PDP was one of the three political parties dozen aspirants from Kogi West, the plausibility with him that he needs to resuscitate the age old absence of a deputy governor, military or civilian. registered by the successor electoral umpire to of block delegate votes for one candidate, was concept of *The Niche* here in Abuja, assuring him One of the highlights of his stint in office NECON, the Independent National Electoral frittered. Much as he didn't make it on that occasion, that we his younger ones will graciously concede under Omeruo, was the launch of a Kogi State Commission, (INEC). The other two parties were Akanmode as a loyal party man, supported the the deejay's position to him! He loves good music Industrial Trust Fund, to create awareness about, the All Nigeria Peoples' Party (ANPP) and the candidature of Idris Ichalla Wada, who emerged and playing with his grandchildren. and raise resources for the industrial takeoff of the Alliance for Democracy (AD). PDP flagbearer, after a repeat primary, later that *Tunde Olusunle, PhD, is a Member of the state, a desire which could not be totally borne Akanmode's polyvalent experiences over year. He was on the Professor Francis Idachaba- Association of Communication Scholars and time, came very handy in the organisation and led committee which articulated a blueprint for Practitioners of Nigeria, ACSPN. 56 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY NEWS Anambra: Ubah Chides Soludo over WAEC Comment, Challenges Him to Debate Deji Elumoye and of governance in . brought to the fore by the present decide their preferred candidate, access to equal opportunities to all tagged; The Anambra Sustainable Udora Orizu in Abuja Making reference to Bill Gates, government. whose agenda resonates with the Anambrarians, guarantee quality Socio Economic Transformation Mark Zuckerberg and so on who “In this regard, I am challenging layman and electorate. infrastructural development, (A.S.S.E.T), which is an economic Governorship candidate of the all rose to the apex of success Prof. Soludo to an open public "My manifesto which is tagged qualitative education, improved blueprint that incisively articulates Young Progressive Party (YPP) without degrees, Ubah said Soludo manifesto debate with me. Let ‘Arise, a New Anambra is Possible’ security and rapid industrialisation and provides detailed Socio- in the forthcoming gubernatorial should know that those money us put our manifestos out before is a comprehensive road-map for in Anambra State. Economic context/perspective on election in Anambra State, Senator bags he wasallegedly anticipating the court of public opinion and the actualisation of a New and “Furthermore, I will also my Policy Thrust and Economic Ifeanyi Ubah, has challenged his to bankroll his campaign in adjudication so as to let the people Better Anambra that will open unveil my Policy Document Roadmap for Anambra State." counterpart in the All Progressive Anambra were also not degree Grand Alliance (APGA), Professor holders. Charles Soludo to within 48 He also noted that those who hours provide his manifesto for gave him employment both in Nigerians in Italy Fault Edo Ex-Commissioner's Claims against Government the November 6 governorship the past and present were not Adibe Emenyonu in Benin City He added that he was "a Osemwenvie-Ero, they (the Italian and some have even integrated election. degree holders. victim of racial discrimination judiciary) wouldn't have freed into the Italian society and married He also expressed his willingness The only YPP Senator in the Nigerians in Italy have refuted a and manipulation of a very him from detention for lack of Italians, while Italians also married to face him in a public debate National Assembly, however, recent claim by a former Commis- corrupt prosecutor of the Italian evidence on the allegations leveled Nigerians. within the next seven days. opined that anybody, who sioner for Arts, Culture, Tourism Justice system," and that many against him. "Some have also acquired Ubah's challenge came on the wantedto govern Anambra has and Diaspora Affairs in Edo State, Nigerians over there were also While noting that no fewer than their citizenship. Definitely, if heels of the recent comments the right to contest and should Mr. Osaze Osemwengie-Ero, that languishing in Italy. 100,000 Nigerians live in Italy and Nigerians are targeted by the of Soludo that WAEC School not be tongue-lashed because of over 300 Nigerians residing in Italy However, reacting in a state- that the two countries have also Italian authorities, how come certificate holders could not be a basic requirement by INEC. were being maltreated by their ment, Oputteh Ifeoluwa Michael, inter-married, Oputteh argued that the same Italy gave Nigerians allowed to govern Anambra State. "I sincerely retain the belief that host government and unlawfully Welfare Officer, National Union if Nigerians were target of racial good abode in Italy. Why are these The Senator, in a release the era of textbook grammatical detained in the country. of Nigerian Associations in Italy discrimination as insinuated, there over 100,000 thousand Nigerians on Sunday while describing grandstanding and theoretical Osemwengie-Ero, who returned (NUNAI), described Ero's claim wouldn't have been such large not arrested and put in prisons? Soludo's comment as mudslinging politics is over in Anambra. Our from Italy to Nigeria in June, this as false, stressing that Italian number of Nigerians living there. "It is also surprising that Mr. Ero and needlessly disruptive, said people now want a leader with year, after he was released from authorities have never targeted "Italian authorities have never is accusing the Italian Judiciary the statement was a game of practicable ideas and dynamism detention by the Italian authori- Nigerians for any harassment or targeted Nigerians for any harass- of corruption and manipulation. misdirection, which sought to to move the state forward. ties, raised the alarm that over racial discrimination. ment neither are they engaged in The same corrupt judiciary tried distract them from focusing “Ideas that will proffer 300 Nigerians were presently He added that if the Italian racial discrimination. Precisely, we him and set him free for lack on robust policy arguments sustainable solutions to the socio- languishing in Italian prisons, government and judiciary were have more than 100,000 Nigerians of enough evidence. It means and constructive debates that economic problems beclouding claiming that he too was wrongly corrupt and discriminated living legally in Italy. These people the judiciary is very fair and wouldresolve the palpable crises the state due to bad governance detained by that government. againstrace as claimed by are engaged in lawful businesses transparent," he said.

UN REPORT EXPOSES SECRET PROGRAMME FOR REPENTANT TERRORISTS terror sleeper cells across the She is also former Boko Haram, to dialogue – a potential break- number of reasons, explained a Cameroon, Chad, and Niger – the the more predatory Boko Haram country. and they have been set up with through in a deadlocked conflict. Nigeria-based researcher, who rear bases of the insurgency – he under Shekau, it has tended to North-east communities the rent-free house in Kaduna, A total of 150 Mujahideen have asked not to be named so they pumps them for news and gossip. think more about civilian hearts and traditional institutions a business license, and a small surrendered their weapons and could speak freely. Then, when he judges the time and minds. have protested the potential monthly stipend provided by crossed over since 2019, according “Some [defectors] have lost is right, he badgers them to quit. Aliyu denied he was at fault. reintegration of the insurgents Nigeria’s domestic spy service, to people familiar In the last few faith in their leaders, accusing "It’s not an easy conversation. Instead, he described a falling out into their communities. better known as DSS". weeks, there has been a separate them of corruption; some have Uppermost in any potential with ISWAP’s then-commander Governor Babagana Zulum The price of this largesse: to surge, related to internal feuding even forgotten why they were defector’s mind is the fear of of the army, Mustapha Kirimima, of Borno State and Shehu of work for DSS to turn other jihad- within the jihadist movement fighting; others just want their being sent to Giwa Barracks, a whose aggressive hardline stance Borno, Alhaji Abubakar Umar ists under a clandestine project following the death this May children to go to school.” notorious detention facility on persuaded others to also leave. Garbai El-Kanem, had also raised known as sulhu – Arabic for of Abubakar Shekau, who had But allowing jihadists to the edge of a quiet Maiduguri Kirimima is reportedly in concerns that the communities peacemaking. It’s so controversial led Boko Haram since 2009. return to civilian life is clearly suburb. detention after a leadership shuffle where thousands of people were that no government representative Some of those Mujahideen, problematic. The military’s far “Everyone is afraid of that earlier this year that made Abu killed by the terrorists and houses would go on record to discuss like Aliyu, were commanders, more limited OSC initiative, place, and the people in the lake Musab al-Barnawi – the eldest destroyed might not be in the it, and given Abuja’s increasing known as qaid – in charge of resettling low-risk Boko Haram, [Chad] don’t trust the government surviving son of the founder of right frame of mind to accept hostility to independent reporting several districts. Such was the has run into a wall of criticism [won’t send them there],” said Boko Haram – the interim leader. the surrendered insurgents, who on security matters, few Nigeria- importance attached to the initial – including from some senior Aliyu. “If it wasn’t for Giwa, more Aliyu is trying to rebuild his recently sought the forgiveness based civil society figures wanted group that they were invited to politicians, who misrepresent would come – [the abuse that life. He’s in school, learning to of Nigerians. to be named either. Abuja, where they met representa- Mallam Sidi as a holiday resort, happens there] is the biggest read and write English, and However, the report by a Sulhu is applauded by its tives of President Muhammadu where “killers” are pampered. mistake the military has made.” keen on it. He attends a regular United Nations' publication, supporters as smart warfare – a Buhari. And there’s no appetite from The conversations aren’t mosque – nothing radical – and The New Humanitarian, said a means to remove senior jihad- Under Sulhu, defectors the government to even begin one-way, either. Aliyu’s former is close to his new wife. clandestine Nigerian government ists from the battlefield more are enrolled in a six-month to publicly discuss Sulhu. comrades bait him, reminding “One day, they [the commu- programme was reaching out to effectively than the stuttering “deradicalisation” course in the “There’s a lack of buy-in and him of the life he led in the nity] will find out we are Boko senior jihadist fighters in the bush orthodox military campaign. military’s demobilisation and a lot of pushback from sections Dawla – the territory ISWAP Haram, but if we are together, we to encourage them to abandon “We have a proof of concept; reintegration centre in Mallam of the military and political office administers under shariah law can bear [the stigma],” he said. their goal of building a caliphate it’s working,” said an Abuja-based Sidi, in northeastern Gombe State. holders, who don’t see the need and regards as independent from “If all mothers could welcome by force of arms, and to defect. analyst, who wouldn't agree After promising to renounce for this process,” said an Abuja- Nigeria. their sons, those in the forests, tell It said the report was based to be identified beyond that violence and be good citizens, based lawyer. In this zone, in the far north of them no harm will come to them, on six months of reporting and description. “It’s depleting the they are issued with a graduation Yet almost 60 per cent of people Borno and Yobe States, beyond they will come home", he said. research. enemy’s fighting force.” certificate, signed by a high court surveyed across the northeast in the reach of the military and aid Meanwhile, intelligence agen- Government officials, former But the men on the Sulhu judge – and some have then gone 2018 said they could agree to agencies, rijal have almost total cies have begun investigation jihadists, analysts, journalists, programme are almost certain on to set up businesses, from reconciliation with repentant power over at least one million of the surrender of over 1,200 displaced people, and civil society to have been involved in atrocities. cap-making to chicken-rearing. jihadists if that was a path to villagers they refer to as awam terrorists and their families. workers were interviewed, but They have not been granted a Sulhu is run by DSS and the peace: though acceptance was – or “commoners”. The investigation, THISDAY nearly all asked to have their formal amnesty, but neither have military, but is separate from the far lower in areas hardest hit by “They say when you were learnt, seeks to ascertain whether names withheld or altered due they been held to account for army’s much larger disarmament, the conflict, and among women in the lake [a region controlled the surrender was genuine or a to security concerns. any crimes committed in a brutal demobilisation, and reintegration – the victims of so much sexual by ISWAP], you were somebody ploy to activate and coordinate Some have almost certainly conflict that is now in its twelfth initiative, known as Operation violence. important, now you have noth- terror sleeper cells across the committed atrocities but are year. Safe Corridor (OSC) and also Aliyu feels relatively ing,” Aliyu explained, and you can country. unlikely to be prosecuted. It’s a war that has killed 35,000 based in Mallam Sidi. comfortable in big cities like feel the loss of prestige irks him. North-east communities The Bama massacre in 2014 people – 350,000 if you include OSC is aimed at low-risk Kaduna and Maiduguri. But The logo on his otherwise clean and traditional institutions killed hundreds of civilians, the victims of the accelerating former combatants, although as there are places where he knows t-shirt is loose, and the seam in the have protested the potential but one of the commanders humanitarian crisis – and upended many as 75 per cent of those on he would receive a far rougher crutch of his faded black trousers reintegration of the insurgents involved is now living free on the lives of millions more, ac- the programme may never have reception. “People suffered,” he is coming apart. But there is still into their communities. the government’s payroll. cording to the UN. held a weapon – just villagers acknowledged. “They lost a lot an air of entitlement about him. Governor Babagana Zulum of Security officials believe sulhu “These are mass killers, yet snagged in the military’s catch-all [because of us].” He was mock scandalised by Borno State and Shehu of Borno, could open the door to a peace on a programme sponsored by dragnets, with years spent in For DSS, Sulhu makes strategic the price of a bottle of water in the HRH Abubakar El-Kanemi, had deal, ending a stalemated conflict Nigerian taxpayers,” explained a detention without trial. sense. Aliyu, for example, is a quiet restaurant, where The New raised concerns that the communi- that is now in its twelfth year. But former government-Boko Haram Those on the Sulhu initiative so-called “pioneer”, an early Humanitarian first interviewed ties where thousands of people critics argue such a deal would intermediary. are the turbaned rijal seen in the member of Boko Haram as well him, and he feigned outrage that were killed by the terrorists and reward mass killers. He has been in touch with low-res YouTube videos, exultant as a qaid – this means he has a motorbike taxis were not allowed houses destroyed might not be One of the former commanders the movement almost from the in victory, killing without remorse. deep and intimate knowledge into the middle-class district. in the right frame of mind to and beneficiary of the programme, start, when it was still a local Before joining ISWAP, prior to of the movement and the men “I will always fight injustice accept the insurgents, who Aliyu, has a new life now. The old religious sect led by a young the 2016 split from Boko Haram, he fought with. wherever I see it,” Aliyu said recently sought the forgiveness was the decade he spent fighting cleric, Mohammed Yusuf, before these men had been obedient The Humanitarian said, "Since grandly, seemingly the qaid – in of Nigerians. with Boko Haram and then with it declared war on the Nigerian to a maximalist “takfir” creed, he crossed over two years ago, his own mind at least – he once A source told THISDAY that the breakaway Islamic State of state in 2009. promoted by then-leader Shekau, his job has been to find other rijal was. there were concerns and the need West Africa Province (ISWAP) in Sulhu grew out of the behind- who declared that anybody living wavering in their commitment to be certain that the repentant the scrubland of the North-east. the-scenes attempts to free the outside their zone of control was to the jihadist cause. He says Mothers and Sons insurgents had good intentions. "It’s the two wives and four more than 270 Chibok schoolgirls an infidel, punishable by death he has personally persuaded The publication noted that it's "There is the need to be sure of children he left behind when he seized by Boko Haram in 2014. or enslavement. more than 20 of them to slip unclear why Aliyu chose to run. what we have on our hands. Do defected, and the power he once After years of painstaking More than 1,000 Boko Haram into frontline northern towns There was a suggestion by some we have people, who are eager wielded as a jihadist rijal-literally contact-making through a network fighters have surrendered to like Geidam, make pre-arranged close to jihadist networks that to give up or is it a strategy to a 'man' – in zones under the of mediators, it dawned on the the army in the last few weeks contact with the military, and then he and some of his men had spread across the country and insurgents’ control. negotiators that not only did they - handing over the weapons start their journey into the Sulhu rustled cattle in the Lake Chad continue the spread of terror", "In his early thirties, with a have an opening to secure the they carried. programme. region and he was about to be a source said. wispy goatee, Aliyu has remarried release of some of the schoolgirls, ISWAP is militarily on the front "All he needs is a cell phone punished. Attempts to access the reaction to a forthright woman from the but there were also Mujahideen foot, but there can be exhaustion and recharge card. When his ISWAP considers stealing of the military high command northeastern city of Maiduguri. signalling they might be open with the years of conflict for any connections pop up, sometimes in from Muslims a crime. Unlike was unsuccessful. MONDAY AUGUST 23, 2021 • THISDAY 57 NEWS MTN Plans N600bn Investment in Network Infrastructure across Nigeria Goddy Egene and Emma Okonji services and promote long that were underserved across digital economy and we look do things that would promote cars to 20 customers. term business that will enhance the country. forward to building it together the growth of the Nigerian The customers, who received The Chairman of MTN Nigeria economic growth of Nigeria. He said: “We plan to connect with all stakeholders.” economy, through partnerships the keys to the new cars Communications plc, Dr Ernest Ndukwe, who disclosed approximately 1000 rural Also speaking, the Chief and long-term value yesterday, were selected from Ndukwe, yesterday said the this during the company’s communities to our network Executive Officer (CEO) business. among MTN customers across company will invest over N600 20th anniversary celebration, this year with an additional of the company, Mr. Karl According to him, as part the country, who bought MTN billion in network infrastructure said the firm was committed 2000 communities in 2022. We Toriola said of the celebration, MTN had SIM cards from inception in in the next three years to to specifically expanding its are optimistic about what MTN Nigeria is a Nigerian initially announced it would 2001 and are still with the improve telecommunications rural connectivity to reach areas the future holds for Nigeria’s entity and would continue to give out 20 brand new Honda MTN brand. Don’t Criminalise Agitation for Self Determination, Catholic Bishops Tell FG Onyebuchi Ezigbo in Abuja Speaking on the calls for independence being demanded The Catholic Bishops in Nigeria, by some parts of the country, the operating under the auspices of bishops advised everyone to be the Catholic Bishops Conference calm and to exhaust extensive of Nigeria (CBCN), has urged consultation. the federal government to Akabueze said: “The avoid the temptation of trying federal government as well to demonise or criminalise as those leading the call for opposition elements or those independence of some regions calling for independence of should be listened to. Everyone their region. must avoid the temptation to The bishops restated their demonise those who disagree opposition to any form of with them. electoral system that would “The first step that should made it possible for the votes of be taken is an open and STAKEHOLDERS’ MEETING… Nigerians not to be respected. unconditional dialogue with L-R: Lawmaker representing Lagos Mainland II at the Lagos State House Assembly, Hon. Oshun Olanrewaju; The Onigbobi Sabe of The clerics also lamented that every group. Dialogue is Igbobi-Sabe, Oba Owolabi Adeniyi, and a former federal lawmaker, Hon. Oshun Olawale, at the 7th annual constituency stakeholders’ the level of insecurity in every always better than the taking meeting held in Yaba, Lagos…recently part of the country is of great up of arms. No one should concern to them. call for the killing of military These views were contained personnel, and no military in the address by the President personnel should intimidate Police Arrest Suspected Cocaine, Indian of the CBCN, Archbishop any Nigeria because of their Augustine Akubeze, at the views. Freedom of speech and Hemp Dealer in Ekiti second plenary held in Enugu respect for diversities of opinions on Sunday. must be respected.” Victor Ogunje in Ado Ekiti deals in cocaine and Indian a credible tip-off that a group the hoodlums took to their hemp in the state. of hoodlums suspected to heels, but one of them The Ekiti State Police Command The state police spokesman, be armed robbers were in identified as Ojo Fadeyi Femi has arrested a suspected drug ASP Sunday Abutu, made Atikankan area of Ado-Ekiti. was arrested. Plateau Crisis: Kogi dealer, Ojo-Femi Fadeyi, for the allegation in a statement According to him, “The RRS “The scene was searched and allegedly being in possession made available to newsmen operatives, upon the receipt items such as 43 wraps of weed Evacuates Stranded of 83 wraps of substances yesterday. of the information, swung suspected to be Indian hemp, suspected to be illicit drugs. Abutu said on August 20, into action and mobilised to 40 wraps of white powder Students in Jos Fadeyi, according to the 2021, at about 11.30 p.m., the scene which is one of the suspected to be cocaine, two police, was a major drug operatives of the Rapid known blackspots in Ado-Ekiti. sharp cutlasses and N52, 750 Ibrahim Oyewale in Lokoja “Kogi State students studying barons and peddlers, who Response Squad(RRS) received “On sighting the operatives, were recovered.” in the University of Jos and other Following the recent violent crises higher institutions in Plateau in Plateau State, particularly in Jos State have been successfully Daily Trust Invites Nominations for African of the Year 2021 Award North Local Government Area evacuated by the Kogi State of the state, and the subsequent Government. “The students A leading independent newspaper ordinary Africans who have made nominee between October 1, Amadou Mahtar Ba (West Africa), closing down of the University of returned in buses with heavy in Nigeria, DAILY TRUST, extra-ordinary contributions to 2020 and September 30, 2021, Ms. Gwen Lister (Southern Jos by the school management, security escorts provided by the has called for nominations of humanity in any field from any and nominations are to be made Africa), and Pastor Rigobert the Kogi State Government has state government. exemplary personalities for part of the continent. online at award.dailytrust.com. Minani Bihuzo (Central Africa). evacuated all students of the state “This was as a result of the the coveted African of the Year Daura disclosed that the award The eventual winner would The Chairman of the Board of for safety reasons. directive of the state Governor, 2021 award. Nominations are consisted of three components, be selected by a six-member Media Trust Limited, Mr. Kabiru This was contained in a Yahaya Bello, mandating that open from August 22, 2021 to namely, a permanent plaque, a prize committee chaired by His Yusuf represents the award statement signed by the Chief everything necessary must be midnight of October 22, 2021. certificate of merit and a cash Excellency, Mr. Festus Mogae, promoters.The DAILY TRUST Press Secretary to the governor, done to return the students back In a statement issued at the reward in aid of the awardees former President of Botswana. Ag. CEO, emphasised that a Muhammed Onogwu, which was home safely,” statement noted. weekend, Ag. CEO of Media or their chosen charity projec t . Other members of the winner would emerge, strictly made available to journalists in While describing the event in Trust Limited, publishers of Valid entries for the 2021 award Committee who represent Africa’s based on the selection criteria Lokoja yesterday. Plateau State as unfortunate, the DAILY TRUST, Mr. Nura Daura, would be for works, events or regional blocs are: Ambassador and not the number of entries It stated that the action was governor assured the students of said ideal nominees should be activities undertaken by the Mona Omar (North Africa), Mr. submitted on his/her behalf. to avert the looming danger on their quick return to school, noting the students after the closure of that the authority in Plateau State their various institutions in Plateau was on top of the situation to Security Chiefs Move to Tackle Proliferation of Arms State as result of the ongoing crisis. restore law and order in the state. Kingsley Nwezeh in Abuja the National Centre for the timely inauguration of the in the sea ports and creeks. Control of Small Arms and NCCSALW to lead the drive “The navy has intensified The Chief of Naval Staff, Vice Light Weapons (NCCSALW). to eradicate illicit arms in the its anti-piracy operations, and Admiral Awwal Gambo; The security chiefs made country. it is beginning to yield good Ooni Caucus Advises Chairman of the National the pledge when the National Gambo said government’s results,” the CNS said. Drug Law Enforcement Coordinator of NCCSALW, efforts to decongest the The naval chief further against Feud between Agency (NDLEA), Brigadier- Maj. Gen. Abba Dikko (rtd), seaports were occasioned implored the centre to as General Buba Marwa (rtd), paid separate courtesy visits by the illegal flow of arms a matter of priority, devise Ife, Modakeke and other heads of security to the agencies. into the country as a result of means of checking illegal arms The Ooni Caucus, a think “We commiserate with agencies at weekend expressed Speaking while receiving sharp practices in that area. craft even as he reiterated tank formed by the Ooni of the families and community determination to tackle arms the weapons centre boss He disclosed that efforts that all stakeholders had Ife, Oba Adeyeye Ogunwusi, of the deceased and pray proliferation in the country, in his office, the naval were ongoing to fully resume the responsibility to render has urged the people of Ife against any such recurrence. even as it rallied support for chief commended the the role of the Nigerian Navy support to the centre. and Modakeke not to take Most worrisome regarding actions that will lead to any this untoward development Elites Responsible for Lawlessness in Nigeria, Says Former Lawmaker crisis and break down of law is the attempt to make and order. it serve the purpose of James Sowole in Akure masses were encouraged Nigeria Union of Journalists, elite, broke the laws at will.He A statement by the rekindling a feud between by the elite to also break Ondo State Council, in Akure said: “Take for instance, the BRT Coordinator of the Caucus, Mr. Ife and Modakeke. Those A former member of the the law as they take cue at the weekend.Delivering Lane is meant for BRT buses, Akin Osuntokun noted that its orchestrating the development House of Representatives, Hon from them. The renowned the public lecture entitled: but some elites would decide attention had been drawn to should immediately cease and Joseph Akinlaja, has blamed activist and former Deputy “Insecurity: Roles of The Society to drive through the lane and a recent incident that resulted desist such mischief for the the current insecurity and Chairman of the Nigeria And The Media”, Akinlaja Danfo drivers would follow. in the tragic death of seven sake of our common humanity lawlessness in the nation on Labour Congress (NLC), stated stated that there are enough “When the elite escape individuals from Modakeke and peace, unity and stability the elite’s flare for breaking this at a public lecture and laws in the country guiding from the punitive measures, in Toro, a Modakeke village of Yorubaland and indeed the law of the land. media nite organised by the against all forms of crimes, but then the laws would become in Osun State. Nigeria,” he said. Akinlaja noted that the Correspondents’ Chapel of the some people, particularly the ineffective.” 58 MONDAY AUGUST 23, 2021 • THISDAY NEWSEXTRA Wanted Drug Dealer Arrested in Lagos Church Michael Olugbode in Abuja Enforcement Agency (NDLEA) August, 2021, to a popular after he stepped out of the of illicit drugs weighing 69.65 had been sent to the airport for trying to traffic large Pentecostal church at Mike church service. kilogrammes going to the UK for export through a freight A major drug dealer wanted quantity of drugs through Ajari Street, Ojodu Berger, Babafemi revealed that through the Lagos airport on forwarding company, which in for attempting to export 69.65 the NAHCO export wing where the operatives of the his arrest followed the Thursday, 12th August, 2021. turn gave a driver to deliver kilogrammes of cocaine, heroin of the Murtala Muhammed agency arrested him soon interception of a consignment He said the illegal baggage it at the NAHCO export shed. and cannabis to the United International Airport, MMIA, Kingdom has been arrested Lagos, to the United Kingdom. at a Pentecostal Church in A statement by the Lagos. spokesman of the NDLEA, Afam Ikeanyionwu, has Femi Babafemi, yesterday been on the wanted list explained that Ikeanyionwu of the National Drug Law was tracked on Sunday 15th Bayelsa SSG’s Mother Regains Freedom after 32 Days in Captivity Olusegun Samuel inYenagoa led by Christian Nwaogbo. Three suspects have been arrested in Operatives of the special security connection with the abduction. outfit, Operation Puff Adder, have It was also gathered that a secured the release of Madam sum of N4 million was paid to Benital Benson, mother of the the kidnappers and two android Secretary to the Bayelsa State phones. A payment described Government (SSG), Mr. Kombowei by the Bayelsa SSG, Kombowei CATHOLIC BISHOPS’ CONFAB… Benson, from the kidnappers’ den Benson, as a token gift to the Governor Ifeanyi Ugwuanyi of Enugu State (sixth right); Francis Cardinal Arinze (seventh left); Papal Nuncio to Nigeria, MostRev. after 32 days in captivity. kidnappers and not ransom Anthonio Guido Filipazzi (sixth left); President, Catholic Bishops’ Conference of Nigeria (CBCN), Most Rev. Augustine Obiora Akubeze The 90-year-old woman wwas payment. in a jubilant mood when she was Madam Bental Benson, while (seventh right), former Governor of Anambra State, Mr. Peter Obi (third right ), and other bishops during the Opening Mass of CBCN handed over to his son at about laying hands and praying for the second plenary meeting, at Holy Ghost Catheral, Ogui, Enugu, Enugu State… yesterday 5.30pm in presence of relatives Commander of the Operation Puff and security operatives. Adder, expressed her gratitude to Our correspondent gathered God and the men of the police Falana Asks FG to Release N6bn to States for Ranching that her release was security after force for securing her release from Wale Igbintade COVID-19 and Beyond (ASCAB), of the federal government to reviving ‘grazing reserves’ on pressure from the operatives of the kidnappers. She said though Operation Puff Adder of the State her abductors treated her well, she stated this in a statement issued the position of the law that its own as it doesn’t control Command of the Nigerian Police was happy to be back home safely. Human rights lawyer, Femi yesterday, stressing that ‘what while the land in the Federal land use. Falana (SAN), has called on is good for the goose is good Capital Territory (FCT)is The Lagos-based laywer President Muhammadu Buhari for the gander’. vested in the president, the advised that instead of chasing to approve the allocation of N6 He said his demand is in land in the each state of the the shadows of grazing reserves, Pervasive Injustice billion to all states government consonance with Section 17 (1) of federation is exclusively vested the federal government should in the country for ranching the constitution, which stipulates in the governor pursuant to the support the state governments development purposes, just that the people of Nigeria provisions of the Land Use Act, to develop ranches on its own as Threatening Nigeria’s as he did for his home state shall have equality of rights, Cap. L5, Laws of the Federation it has done in Katsina State as a of Katsina. obligations and opportunities of Nigeria, 2004. solution to the problems arising Falana, who is also the interim before the law. He maintained that the federal from the obsolete agricultural Unity, Says Okonkwo chair, Alliance on Surviving Falana also drew attention government has no business practice of open grazing. Emameh Gabriel in Abuja The politician, who has been penciled down as one of the key Chairman, United Nigeria speakers, said it was an honour SERAP Sues Buhari, Others over Missing Airlines and a leading candidate to have been chosen to deliver for the November 6 Anambra the key lecture at the occasion, State governorship election noting that he believes that the N106bn in 149 MDAs on the platform of the Zenith fate placed in him to do justice Udora Orizu in Abuja the Office of the Auditor-General of the seeking an order of mandamus to direct measures to promote transparency Labour Party (ZLP), Dr Obiora to the topic would be justified. Federation (AuGF) in its 2018 annual and compel President Buhari to promptly and accountability in the management Okonkwo, has said pervasive According to him, “Nigeria’s Socio-Economic Rights and audited report that N105,662,350,077.46 of investigate the alleged missing public of public finances. injustice is responsible for the development trajectory is nothing Accountability Project (SERAP) has public funds is missing, misappropriated funds, ensure prosecution of anyone “President Buhari’s constitutional persistent instability, disunity to write home about; leaving filed a lawsuit against President or unaccounted for across 149 MDAs. suspected to be responsible, and the responsibility to ensure the investigation and security challenges currently much of the citizens with nothing Muhammadu Buhari over his failure Those joined in the suit as respondents full recovery of the money. and prosecution of allegations of rocking Nigeria. but nostalgia and hopelessness.” to probe allegations that N106 billion are Minister of Justice and Attorney The suit filed on behalf of SERAP by corruption, as well as recovery of Okonkwo made the assertion at He added that even within of public funds is missing from 149 General of the Federation, Abubakar its lawyers, Kolawole Oluwadare and any missing public funds is contained the weekend when he received the the family unit, when injustice is ministries, departments and agencies Malami (SAN), and Minister of Finance, Joke Fekumo, read in part: “The failure in Section 15(5) of the Nigerian leadership of the Nigerian Institute perceived, revolt is bound to be (MDAs), and to ensure the prosecution Budget and National Planning, Zainab to investigate the allegations of grand Constitution, which provides that ‘the of Public Relations (NIPR), which the natural outcome, just as he of those suspected to be responsible, Ahmed. corruption in the 2018 annual audited state shall abolish all corrupt practices paid him a courtesy visit in Abuja pointed out that short sightedness as well as the recovery of any missing In the suit number FHC/ABJ/ report constitutes a grave violation and abuse of power’, and in the Oath as a prelude to the annual Dr and individual personal greed public funds. CS/903/2021 filed last week at the of the duty placed on the Nigerian of Office in the Seventh Schedule of Sam Epelle Memorial Gold Paper have escalated the situation and The suit followed the allegations by Federal High Court in Abuja, SERAP is Government to take appropriate the Constitution’. lecture of the Institute. brought the country to the edge. Nigeria’s Land Tenure System Impeding COVID-19: Ekiti Seals Progress, Says Surveyor-General Bank, Eateries for Miracle Chukwu in Abuja delivering a paper titled: enacted by Lord Lugard in title to land through the high ‘Surveying Practice in Federal 1900 disregarded the principle commissioner. Violating Protocols Surveyor-General of the Capital Territory: The Burden of native law and customs, and While also criticising the Land Federation, Mr. Taiwo Adeniran, of Land Tenure System and provided that title to land can and Native Rights Act of 1916, Victor Ogunje in Ado Ekiti led by the Chairman of the has stated that the current Lack of Adaptability to Change’, only be acquired through the Adeniran said the present land COVID-19 Task Force, Dr. land tenure system practiced at a seminar organised by the high commissioner. ownership system in Nigeria For allegedly violating the Jimlas Ogunsakin, at the in the country is incapable of Association of Private Practicing He posited that the as enshrined in the Land Use COVID-19 protocols, norms weekend, also visited mosques, unleashing private sector-led Surveyors of Nigeria (APPSN). ordinance was enacted to kill Act of 1978 had its origin in and description orders, the churches, market places as well entrepreneurship and critical The surveyor-general the institution of family and the 1916 document enacted Ekiti State COVID-19 Task business organisations within development needed in Nigeria. complained that the Land communal land ownership by in the North by the colonial Force Monitoring and the state to sensitise them on Adeniran stated this while Proclamation Ordinance facilitating the acquisition of masters. Enforcement Team has sealed the need to keep strictly to two popular eateries and a the pandemic protocols. new generation bank in Ado- Addressing journalists School Fees Hike: Niger, SUG, PDP Disagree Ekiti, the state capital city. during the operation, Laleye Dipo in Minna Babangida University in Lapai, The state government after the students (indigene) from N67,925 to The eateries and the financial Ogunsakin, who is also the and the Peoples Democratic Party outcry from major stakeholders N50,000; new students (indigene) house located at Ajilosun Senior Special Assistant to the The recently reduced tuition (PDP) in the state. advised the Governing Council of from N129,675 to N95,000; non- and Irona roads were found Governor on Public Health, fees announced by the Niger The management of the the institution to review the fees indigene students (returning) from allegedly violating the rules of said the exercise was a routine State Government for new and government-owned IBBUL had downwards by about 10 percent. N117,325 to N100,000; new students the pandemic as stipulated by one by the taskforce team to returning students as well as two weeks ago announced a more A statement from the office (non-indigene) from N201,210 to the state government during engage the communities on indigenes and non-indigene than 100 percent review of fees for of the Secretary to the State N170,000; new foreign students the visit of the team to the the need to prevent residents students have been rejected by all categories of students which Government (SSG) advised the from N329,625 to N250,000, while areas. of the state against the third the Student Union Government takes effect from the new academic University Governing Council to returning foreign students would The operation, which was wave of the pandemic. (SUG) of the Ibrahim Badamasi year beginning today. reduce the fees as follows: returning pay N200,000 instead of N266,760. MONDAY AUGUST 23, 2021 • THISDAY 59 NEWSEXTRA Ortom Urges Security Agents to Nab Killers of Two Pastors in Benue George Okoh In Makurdi yesterday while condemning government’s efforts to end the of his administration not to to enable them succeed in their between Bonta and Ukpute the murder of the pastors, crisis between Konshisha and Oju surrender the state to criminals, operation. would soon be demarcated, as Benue State Governor, Samuel and described the incident as that they won’t escape justice, no and appealed to Benue people to Ortom called on the people the committee set up to facilitate Ortom has tasked security unacceptable. He urged the matter who they are. support security agencies with of the area to remain calm, and the demarcation has concluded operatives to arrest those chairman of Konshisha Local He reaffirms the resolve timely and useful information gives assurance that the boundary arrangements for the process. responsible for the killing of Government Area and other two Pastors, Moses Ijoko and stakeholders in the area to ensure Emmanuel Aleje, in Ochoro that the killers and their sponsors community in Konshisha Local are apprehended to face justice. Government Area of the state. The governor warned The governor gave the task those jeopardising the state Jos DISCO Calls for Creation of Special Tribunal for Electricity Vandals George Okoh in Makurdi For proper comprehension of the statute, Section 3 of the The Managing Director of act states that: “Any person who Jos Electricity Distribution unlawfully or with intent to Company (JEDC) Plc, Hashim destroy or damage any public Ibrahim Bakori, has called for property, removes, defaces or the establishment of a special damages any public property tribunal dedicated to try and shall be guilty of an offence convict electricity thieves and and liable on conviction to vandals of electricity infrastructure imprisonment for a term not TOWARDS ECONOMIC GROWTH… in the country. exceeding 21 years without L-R: First Vice President, Chartered Institute of Stockbrokers (CIS), Mr. Oluwole Adeosun; Minister of Finance, Budget and National The call was contained in a the option of a fine.” Planning, Mrs. Zainab Ahmed; President and Chairman of Council, CIS, Mr. Olatunde Amolegbe; Minister of Industry, Trade and statement signed and issued Also, Section 9 of the Act Investments, Mr. Adeniyi Adebayo; Second Vice President, Mr. Oluropo Dada; and Ag. Registrar and Chief Executive, Mr. Josiah Akerewusi, by the Head f Corporate states that: “Any person who at CIS’ national workshop on “Leveraging the financial markets to achieve double digit economic growth for Nigeria” in Abuja…recently Communications of JEDC, Dr. unlawfully disconnects, removes, Friday Adakole Elijah, yesterday. damages, tampers, meddles The Chief Executive Officer with or in any way whatsoever of the electricity company also interferes with any plant, works, Killings: ASUU Tasks FG on Security of UNIJOS called for the invocation of the cables, wire or assembly of wires Seriki Adinoyi in Jos union lamented the attacks and spread to other parts of Jos. by residents of the immediate Miscellaneous Offences Act (2004 designed or used for transforming killing of some students during The university is a citadel of environment. CAP M17) under which electricity or converting electricity shall be The Academic Staff Union of recent mayhem in Jos. learning where every category of “It is rather unfortunate criminals could be tried with stiff guilty of an offence and liable Universities (ASUU) has tasked He said: “The university individual works regardless of to note that some of these penalties via the instrumentality on conviction to be sentenced the federal government to secure administration has over the years ethnic and religious affiliations attacks on the university are of Sections 3, 9 and 10 of the Act. to imprisonment for life.” the University of Jos against made overtures to neighboring and as a result, whenever, there carried out by residents that attacks and killing of its staff communities in terms of is any security breach in town, have encroached into the and students, warning that the undergraduate admissions and this citadel of learning should university lands, operators of African Women Honour school should not be reopened staff employment, yet our staff not be affected. tricycle (Keke) and others who until adequate security measures and students are killed at the “But sadly, as soon as crisis besiege the university arena to Dangote, Rabiu, Others in Dubai had been put in place. slightest provocation. situation erupts in any part of the sell their goods and patronized In a statement signed by ASUU “The recent is the crisis that town, the university students and by the same staff and students, Kuni Tyessi in Abuja African Entrepreneur of the Year Chairman, University of Jos occurred on Saturday, August staff suddenly become targets but turn back and kill them at for his donation of N1 billion Chapter, Dr. Lazarus Maigoro, the 15, 2021, which eventually for assassination and butchery the slightest opportunity. Business man, Aliko Dangote, to the Nigerian Government and the Chairman of BUA as COVID-19 response grant. Group, Abdulsamad Rabiu, Liberian Vice President, Jewel Osinbajo, Ugwuanyi, Anglican Primate Felicitate were among the distinguished Taylor, who was also among the Africans who were honoured awardees, was decorated as the at the African Women Summit Trail Blazer of the Decade for with Catholic Bishops 2021, organised by the Coalition female political participation. The Vice President of the yesterday. Filipazzi, all the Cardinals, minute silence in honour of of Women in Africa for Peace In his address, the founder of Federal Republic of Nigeria, Osinbajo, who was ably Archbishops and Bishops, the wife of late Dr. Michael I. and Development (COWAP). COWAP, Belema Meshack-Hart, Professor Yemi Osinbajo (SAN) represented at the event by said: “Our Vice President, an Okpara, the former Premier of At the event, which was held noted that the need to celebrate and Governor OF Enugu State, Ugwuanyi, extended his warm esteemed and urbane statesman, Eastern Region, Mrs. Adamma at Dubai’s Hilton Alhabtoor people and organisations across Mr. Ifeanyi Ugwuanyi, were felicitations to the catholic is widely acknowledged for his Okpara, who died in the early Hotel in the United Arab Africa that empower the woman among the dignitaries who bishops. manifest practice of the Christian hours of yesterday and pointed Emirates (UAE), Dangote and girl-child is a focal point graced the opening mass of the Ugwuanyi, who also extended faith and has requested that I out that his administration, at was named Man of the Year of the group. Second Plenary Meeting of the the reverential greetings of convey his best wishes for a inception, committed Enugu for women empowerment in “Women at all levels are Catholic Bishops’ Conference of the government and good very memorable second plenary State to the hands of God, recognition of his Foundation’s critical to national development Nigeria (CBCN), held at Holy people of Enugu State to the meeting of the CBCN.” adding that “we have continued micro grant programme which and bear the brunt of hardship, Ghost Cathedral, Ogui, Enugu, Papal Nuncio, Antonio Guido The governor called for a to seek His hands in all we do”. empowered 391,000 women with thus anyone empowering them N3.1 billion. is a hero to us,” Belema, Chairman of BUA Group, who is a ‘He for She’ global EY Unveils New Global Strategy Consultancy in Nigeria Rabiu, was honoured as the ambassador, stated. EY has launched its new According to the company, now facing huge strategic to supply chains. global business strategy the launch of the new entity challenges. The pandemic Speaking on the EY offering called ‘EY-Parthenon’, came against the backdrop has prompted what may Parthenon, EY Africa Chief Kwara PDP Counsels in a move that brings its that businesses across sectors be described as ‘new world’ Executive Officer (CEO), Ajen specialist strategy consulting and industries are in a period unfolding at break-neck speed, Sita, said business chief AbdulRazaq over Move arm and connected corporate of ongoing disruption and with business leaders having executives are no longer and transactions strategy change. With so much to grapple with the changes just running companies but to Issue N35bn Bond offering to not only in Nigeria COVID-19 pandemic-driven to doing business, such as a are also managing complex Hammed Shittuin Ilorin that, the public outcry that has and West Africa, but across uncertainty in the world over more distributed workforces, ecosystems as the pandemic greeted government’s planned the Africa continent for the the past 18 months, nearly the rapid shift to digitisation, has brought home to so many The Kwara State Chapter of borrowing have shown that first time. every business concern is sustainability and challenges businesses. the Peoples Democratic Party majority of Kwarans were not (PDP)) at the weekend advised in support of the government’s the State Governor, Alhaji plan. Kyari: PSC Awaits IG’s Report AbdulRahman AbdulRazaq The party also said the Kingsley Nwezeh in Abuja Kyari. service rules as then concern prompted the setting up of to rescind the move to obtain alleged mass rejection of the “The PSC does not want a the affected officer,” a source the PSC committee. a N35 billion bond in order move was a reflection that the The Police Service Commission situation where when the IG’s close to the investigation said. But the police swiftly not to plunge the state into proposed credit facility was (PSC) is awaiting the report of report comes, we will begin There were reports that debunked the reports and uncontrollable debts. not in the interest of the state. the DIG Joseph Egbunike panel the process of minuting to the DIG Joseph Egbunike-led clarified that the committee Already, a group in the Ashaolu stressed that, set up to look into the allegations deferent departments for their panel, which was set up by has not submitted its report. state, Kwara Consultative “though, we are not of fraud against suspended input before we get to plenary, the police high command to A statement issued by the forum have dragged the against borrowing to fund Deputy Commissioner of Police which will take time. probe allegations of involvement Force Headquarters said: “The governor to court over the infrastructure, the state (DCP), Mr. Abba Kyari. “I learnt the commission is in fraud leveled against Kyari Nigeria Police Force wishes move. government has however The commission is said to working to ensure that when by the United States Federal to inform the general public But the party in a statement not demonstrated any be working towards ensuring the IG’s report finally gets to Bureau of Investigation (FBI), that the probe into the alleged issued in Ilorin, signed by sincerity, transparency and that as soon as the IG’s report it, the committee (PSC) report has submitted the report which indictment of DCP Abba Kyari its State Publicity Secretary, accountability on the issue reaches it, there would be no would have taken the necessary was rejected by the IG on the by the FBI, being conducted by Mr. Tunde Ashaolu and made as the whole process has been reason to delay any action it steps to ensure that actions to ground that it was too lenient the NPF Special Investigation available to journalists stated shrouded in secrecy. may deem necessary against be taken will align with public on Kyari, which allegedly Panel (SIP), is still ongoing. 60 MONDAY AUGUST 23, 2021 •THISDAY MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY 61 Group Sports Editor: Duro Ikhazuagbe Email: [email protected] MONDAYSPORTS 0811 181 3083 SMS ONLY Rohr to Release 30-man Super Eagles’ List Today NFF awaits CAF regulation on crowd capacity to be allowed in home matches Femi Solaja 2021 matches last March was 2022 QUALIFIERS the mop up period for the Ahead of the Match-day 1 round Covid-19. of matches of the 2022 World new season in Europe, there Benin Republic and Lesotho to With the third wave spreading Cup qualifiers, the 30-man list it is likely that a few changes qualify Nigeria for the African fast with the Delta Variant of invited players submitted by may happen in the team. tournament next January in considered more deadly, the Head Coach of the Super Eagles, Another source however Cameroon. NFF is expected to enforce Gernot Rohr to the Nigeria hinted that just few players from Meanwhile, the NFF is yet to strict protocol compliance. Football Federation (NFF), is AFCON 2019 where Nigeria ascertain from the Confederation “We don’t know yet the expected to be released today. won the bronze may make the of African Football (CAF) the percentage of crowd to be Super Eagles are to take new look squad to prosecute numbers of fans to be allowed allowed in attendance but we are on the Lone Star of Liberia 3 the Qatar 2022 qualifiers. into Eagles home matches at looking at about 30% approval September, 2021 at the Teslim Few changes were made to the Teslim Balogun Stadium across board to all federations,” the AFCON 2019 squad that in Lagos. Balogun Stadium and four the Top NFF official responded. Gernot Rohr...to list Eagles 30-man list today days later play away to Cape picked maximum points against The last round of AFCON Verde’s Blue Sharks in Group C to mark the first two days of the series. THISDAY checks revealed at the weekend that the list of players pencilled down by the coach is 30. Apart from the 23-man lists, there is an addition of seven alternate players just in case any of the invited players gets injured and is unavailable. “The lists should be out Monday. We are also trying to make sure all the rough edges are sorted out to avoid hitches. “There would be a 30-man list out of which alternate players will emerge in case of injury by any of the invited players,” a top level management staff confirmed to THISDAY last night. Although the official confirmed some players from the domestic league are in the list, he declined to name them until all clear signal from the Sunday Dankaro secretariat of the NFF. However, as has become the norm, more than 90 per cent of the team’s composition is expected to be made up of foreign-based players. With several new Nigerian players in excellent forms in the Aisha Buhari Cup: Okon L-R: Poland’s Kornelia Lesiewicz, Imaobong Nse Uko and Sylvia Chelangat of Kenya celebrating coming up tops in the Insists No Underdogs women’s 400m event. Uko won the individual gold in the 400m and was part of the inaugural 4x400m mixed relay as well as Among the Invited Teams the women’s 4x400m squad that won the two gold medals in the events at Nairobi, Kenya Former Nigerian manager who will be ready to die on and Head Coach of NWFL the field of play defending Premiership side, Rivers Angels, the honour and name of the Dare Salutes Nigeria’s U20 Athletes Edwin Okon has voiced his country and the reason I will conviction that there are no canvass for increased presence more pushovers in modern of the NWFL products in our day football, saying the same team selection. on Record Performance in Kenya obtains for the upcoming Aisha “Aisha Buhari Cup is a Minister of Sports, Sunday Dare, athletes on their record-breaking generation of Nigerian athletes. “At the World Athletics U20 Buhari Invitational Women’s very good development; the has hailed Nigerian athletes to performance at the World U20 There is much hope. We thank level, the last time Nigeria won Football Tournament. biggest thing that’s happening the just-ended World Athletics Athletics Championships in President Muhammadu Buhari a gold medal was in 2008. For Describing the Aisha Buhari to women football in Nigeria U20 Championships in Nairobi, Nairobi, Kenya. “Through their for his continuous support for 13 long years we have struggled Cup as a most laudable project and Africa. I wholeheartedly Kenya for their record-breaking excellent performances Nigeria sports developments in Nigeria.'' to win another gold. Now we in the land in recent times, Okon support its developmental performance. earned a third place on the Dare further describes the feat have won not one but four, opined that team selection in messages and commend the Nigeria won an unprecedented medals table out of 114 countries in Kenya as a new beginning the most in one edition and favour of the domestic players initiators. four gold and three bronze that participated. This third for sports. have an unprecedented seven will give the tournament its “I had one or two medals to finish third on the position places Nigeria on the ''This is truly a new beginning medals to make the Nairobi 2021 biggest catch. conversations with the Ghanaian final medals table. world map of the world athletics for sports in Nigeria. We started Championships truly our best “Every team prepares well coach at the recent CAF Women Speaking on the feat yesterday, and signposts a new trajectory by rewriting our bad record at ever performance. for this kind of tournament. It Champions League qualifiers in Dare said the athletes have for athletics in Nigeria,” added the Olympics since 2008 by not The duo of Imaobong Nse Uko will be wrong for us to consider Abidjan and they are coming in returned Nigeria to global Dare who promised the team only winning two medals but (400m) and Udodi Onwuzurike Mali to be a pushover, I do not a big way for the tournament. reckoning in track and field. will be kept together so that also getting as many as five (200m) won individual gold think so, and nobody should go “He said they are going to “I want to specially they can end up as Olympic athletes in the finals of their medals while the 4x400m to sleep because Mali is on the beef up the squad with quality congratulate the athletes and medallists like their predecessors events. mixed and the women's 1600 table. Morocco is a country we players and that the country’s their coaches for achieving our who also cut their teeth through “It was a clear departure relay teams also won our first do not know much about and Vice President is interested in best-ever performance in the this championships. from what we had at the 2012 ever relay gold medals at the for a team you do not know the team. I can tell you for free history of the Championships,” ''We will keep this team, and (London) and 2016 (Rio de Championships". it becomes risky to sleep in that the Ghanaian side that will began the sports minister. train them. We will design a Janeiro) Olympics where we Dare also revealed that Nigeria, one’s preparation; we must be coming will be a very good ''These young athletes programme for them and won just a bronze medal and for the first time in the history give adequate and due respect one and possibly a hard nut deserve our respect for have them prepared for more produced just two individual of the Championships was to all our opponents. to crack at the tournament,” representing Nigeria so very well. victories. We have started medallists in two Olympics,” the represented in all the relay events. “For us, we need players said Okon. Congratulations to our young building a new and younger Sports Minister further remarked. 62 MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY SPORTS A TWEET IN TIME! s social media buzz continues to consume the populace, sports has been one industry whereA the platforms have been very active. It is not uncommon to see leaders of nations use these platforms to get their messages commercial context at the global pay through their noses to get across to their people. Immediate levels, Rwanda had built, from similar slots that was offered to past US President, Donald Trump, scratch, over a 10-year stretch, Rwanda by Arsenal FC. Thirdly, was very active on twitter while a niche tourism product that football is very big business in the same social media platform needed visibility befitting its Europe. Most leading European ran into troubled waters for trying invested dollars on the ground. teams are owned and run by to censor the Nigerian President A conservative estimate of the highly successful business leaders. Muhammadu Buhari. However entire value chain that Rwanda Reports say Google search for some leaders have used the was marketing under “the visit “Rwanda” for first two weeks platform for more innovative Rwanda” deal comes to more of the deal yielded a 1,000% ways to help their country in than US$1 billion in form of both increment while the official these trying times. hard and soft infrastructure. Visit Rwanda social media In their opening 2021/22 This includes a relatively good channels saw a huge growth Premier League match, Arsenal number of high-end hotels and with instagram registering over FC lost to newly promoted lodges, the air transit system 577% jump, Twitter by over 77% Brentford and the criticisms comprising the national carrier growth and Facebook registering were numerous. One however RwandAir and its associated over 44% growth. stood out. Rwandan President services such as Kanombe The results of the sponsorship and Arsenal fan, Paul Kagame, International Airport, tours was encouraging, the results of vented his frustration at the club's Arsenal have succumbed to second defeat in the first two matches of the new season and travel services as well as Arsenal on the pitch was not. shock defeat by a newly promoted a diversified menu known as Rwanda’s president had seen club on the opening day of the of a ‘foreign’ soccer team, it partnership, known to be one of investment, based on analytics MICE (Meetings, Incentives, visibility lost in Arsenal’s failure English Premier League season. goes beyond that. The president the biggest sleeve sponsorship provided by sports research Conferences and Exhibitions). to qualify for European football “We just must NOT excuse or is not just a fan, but a major deals in Premier League history, and consulting firm Nielsen, Rwanda’s football sponsorship and especially the Champions Accept mediocrity. A team has stake holder. Since 2018, the divided opinions when it was social media and sponsorship deals are therefore instrumental League, he was going to wait to be built with purpose to win Rwandan government has had announced. Many questioned the measurement provider Blinkfire from a strict commercial to see the team battle relegation. win win. So that when we lose....it a controversial sponsorship deal intentions of Rwanda’s President Analytics and research agency perspective in a number of ways. He complained openly. Arsenal was not to be expected! I am sure worth more than £30m, which Paul Kagame, a committed Hall and Partners. First, Rwanda, tiny as it is responded quickly by spending we all know on whose shoulders involves a "Visit Rwanda" logo Arsenal fan, in spending such Belise Kariza, the RDB chief perceived, is the first African 65 million pounds completing the heaviest burden rests. I hope displayed on Arsenal shirt sleeves. money when his country is one tourism officer, said that the economy to link the region’s two transfers, and again Rwanda they know too or even accept it!!! For a country that depends a huge of the poorest countries in the agreement factored into the 1.7 tourism destination with the acknowledged by signing a new End.” He tweeted. In two further deal on tourism for its foreign world. million people tourists that visited lucrative source markets of 3-year contract worth about 10 rapid-fire tweets, he demanded reserve, the results of Arsenal FC However, early results of the Rwanda in 2018 thanks to the Europe using football as a million pounds a year. "a plan that really works" and economically affects the country. sponsorship showed that the brand exposure Arsenal gave to commercial medium. Second is If these investments bring lamented that "fans don't deserve For a country recovering from Rwandan Government had Visit Rwanda. There were also the unique business model at play. benefits on and off the pitch for to kind of get used to this". years of war, it would seem at made a return on Investment reported assorted returns are Rwanda is paying top dollar just Arsenal and Rwanda respectively, While a lot of people criticized first glance like a subsidy to a of 36 million pounds in its in the form of quantum jump like any other advertiser would only time will tell but from the him for making such a statement rich British club, but the Rwandan first year alone. The Rwanda in visitations to Rwanda from be asked to pay. It is entitled to actions swiftly taken soon after as a public figure and leader of Government would tell you it’s Development Board (RDB) had United Kingdom (UK), and other get high marketing returns. In the the match that was lost, Paul a country, over his perceived an investment in tourism. And reported that the country had destinations. world of corporate sponsorship, Kigame can be proud that his pastime and affection for love quite rightly so. The three-year already recouped the £30 million To put things into proper leading companies of the world was a tweet in time. Lukaku Back with a Bang as Chelsea Defeat Arsenal Romelu Lukaku scored their opening two Premier his first ever Chelsea goal PREMIER LEAGUE League matches in a season. - almost a decade after his Elsewhere, Manchester debut - as Thomas Tuchel's James' pass. United failed to build on their team deservedly beat Arsenal. James got the second opening day demolition of Lukaku, who was at himself as he slammed the Leeds United as Southampton Chelsea as a teenager, started ball into the roof of the net earned a fully-deserved 1-1 at the Emirates after his from Mason Mount's pass to draw at St Mary's. £97.5m signing from Inter make it two wins from two Also, Dele Alli scored his Milan and looks to have given in the league. first league goal in 17 months the Blues an ominous new Lukaku almost made it 3-0 and Harry Kane made his dimension. but his header was tipped long-awaited return from his His hold-up and link-up onto the bar by Bernd Leno. extended summer break as play caused Arsenal problems Arsenal, missing centre-back Tottenham maintained their all day - and the Belgian duly Ben White through Covid, 100% start to the season with gave them the lead. have now lost more London 1-0 win at Wolves. Lukaku was involved in the derbies in the Premier League Alli's ninth-minute penalty build-up and then finished this season than last - after proved enough to separate the the move from close range just two games. It is only the sides in a breathless encounter into an empty net from Reece third time Arsenal have lost at Molineux. Osimhen Sees Red as Italian Serie A Begins Aribo scores Rangers triumph in Scotland Super Eagles forward, Victor international, David Okereke Hirving Lozano and Insigne, Osimhen, started the Italian was not included in Venezia’s but Ceccaroni’s interception Serie A new season on a wrong matchday squad as he is yet only went as far as Eljif Elmas, footing last night. He was to be cleared after his transfer. who slotted home. sent off in the 23rd minutes Napoli thought they had Elsewhere in Europe, another of Napoli’s 2-0 home win found the breakthrough on 57 Nigerian midfielder, Joe Aribo, against Venezia. minutes when Mattia Caldara scored his first goal of the The former Lille forward clumsily used his arm to block season as Glasgow Rangers in the French Ligue1, had a a Mario Rui cross in the box. recorded a 4-2 away win promising start to the game as Lorenzo Insigne stepped up, against Ross County at the he twice harassed the Venezia but tried to lob his penalty into Victoria Park goalkeeper and defence into the far top corner, missing the Aribo put the Gers ahead early errors with his pressing. target entirely. on 15 minutes after he was But the referee refused to However, Napoli opened teed up by Alfredo Morelos. give him a second chance scoring on 62 minutes from Connor Goldson doubled for his aggressive shoving the penalty spot after Pietro Rangers lead four minutes later. of Venezia defender, Daan Ceccaroni used his arm to However, Harry Clarke Heymans, as they tussled charge down Giovanni Di reduced the deficit for the home on a corner ball. Lorenzo cross in the area team five minutes before the Venezia with two Nigerian and this time Insigne kept it half-time break. players in their fold, only simple, sending Maenpaa the Aribo was replaced by featured Tyronne Ebuehi who wrong way. Kemar Roofe in the 83rd joined them on loan going off And in the 73rd minute minute, while his international in the 51st minute. Napoli doubled their lead with teammate Leon Balogun was Romelu Lukaku...scored his first goal for Chelsea against Arsenal...yesterday Another Nigerian a well-worked move between on for 90 minutes. MONDAY, ͺͻ˜ͺ͸ͺ͹˾THISDAY 63 SPORTS Nigeria’s U-20 Athletes Flourish in Kenya to Signal Prosperous Future MONDAY Report By DURO IKHAZUAGBE

Good times are here again for Davidson Ezinwa, Olopade Nigeria’s track & field. After Adeniken, Seun Ogunkoya and Team Nigeria returned from the Francis Obikwelu. Obikwelu last last three Olympic Games with won the World Under-20 title just one silver and two bronze for Nigeria in 1996 in Sydney, medals to show in the last 13 Australia before switching years, there is now light at the allegiance to Portugal as a end of the tunnel, giving signs senior athlete. of a turnaround very soon. That Golden boy Onwuzurike who silver medal didn’t come from is American Collegiate fastest the track & field that used to be runner in the longer sprint, our saving grace at multi-sports outpaced Letsile Tebogo of global outings. Rather, it was Botswana who came second won from the wrestling mat by in a time of 20.38, while South a female wrestler. That itself, is Africa's Sinesipho Dambile won a story for another day. bronze in a time of 20.48. Back to track & field, The event (200m) in both the Nigerian youngsters have men and women categories were L-R: Nigeria’s U-20 4x400m mixed relay quartet of Imaobong Nse Uko, Bamidele Ajayi, Opeyemi Oke and Johnson Nnamani brought back joy to athletics clean sweep for Africans at this celebrating their victory at the U-20 World Athletics Championships in Nairobi, Keny PHOTO: Dan Vernon aficionados in the country and edition in Nairobi with Nigeria, beyond. Their performances at Namibia, Botswana and South leaving Poland (3: 19: 80) and the World Athletics Under-20 Africa taking all six medals at FINAL MEDALS TABLE India (3: 20: 60) to settle for the Championships which ended stake to bring an exciting end to Gold Silver Bronze silver and bronze medals. yesterday in Nairobi, Kenya, has a historic night at the Kasarani That same feat was repeated rekindled hopes that Nigeria is Stadium in the heart of Nairobi. 1. Kenya 8 1 7 on the final day of competitions on the route to reclaiming her Prior to the World U20 2. Finland 4 1 0 yesterday as Nigeria’s 4x400m place of pride in the continent Championships in the East 3. Nigeria 4 0 3 women’s relay quartet of and beyond. African country, not much was 4. Ethiopia 3 7 2 Opeyemi Oke, Iniobong Uko, Udodi Chudi Onwuzurike, known about Onwuzurike, but Ella Onojuvwevwo and Favour Imaobong Nse Uko, Favour the 18-year-old was in a class of 5. Jamaica 3 6 2 Ofili stormed to the gold in Ofili, Chinecherem Nnamdi, his own at the championships 6. South Africa 3 2 4 3:31.46 leaving Jamaica and Italy Godson Oghenebrume, Favour where he represented Nigeria 7. Botswana 3 1 0 to pick the silver and bronze Ashe, Opeyemi Oke, Praise for the first time. 8. Sweden 3 0 0 respectively. Few minutes earlier before Ofoku, Tima Godless and He had the fastest time of all 9. France 2 4 2 a host of other young lads the heats (20.47) and stormed the last event of Nairobi 2021, have proved that Athletics to a fast 20.13 in the semifinals 10. Neutral Athletes 2 1 0 Nigeria’s 4x100m women’s relay Federation of Nigeria (AFN) which would have been a 11. Czech Rep 2 0 1 quartet of Praise Ofoku, Favour youth development programme championship record but for 12. Namibia 1 3 0 Ofili, Anita Taviore and Tima Godbless ran a season best was on course. They have the wind (2.4m/s). 13. Belarus 1 1 3 done the country well, wiping In the final, he was quick time of 43.90 seconds to win away the tears over the dismal out of the blocks and came off 14. 1 1 0 the bronze behind Jamaica and outings at the last editions of the bend before everyone else, 15. Turkey 1 1 0 Namibia. the Under-20 where we went coasting home to gold with a 16. Cuba 1 0 2 As it has become the norm even in the senior category, just to complete the numbers national U20 record of 20.21, 17. Israel 1 0 0 of participants. Onwuzurike making him Nigeria’s first 200m Nigeria’s youth development and Uko in particular stood out gold medalist at the World U20 18. Lithuania 1 0 0 programme so far has produced from the lot. While Onwuzurike since 1996 when Obikwelu won 19. Serbia 1 0 0 better result with the female won the men’s 200m, Uko the sprint double. 20. Poland 0 2 3 athletes. Nairobi 2021 typifies emulated the likes of past Onwuzurike, whose father how the women’s folks have Nigerian junior quarter-milers was at the stadium to cheer been dominating track & field Bisi Afolabi, Fatimah Yusuf, him on, gushed after picking the career. My coach and I really since the last decade and half. Falilat Ogunkoya and Sade precious metal: “It feels amazing. worked hard on this, I'm so Except for the period Olusoji Abugan in winning the women’s I had a very rough year and excited, it would only get better. Fasuba reigned as Africa’s record 400m gold. It was a refreshing had injuries numerous times. Coming here to make so much holder in the 100m, the male departure from poor recent I feel like my numbers weren’t impact makes me feel so happy.. folks in the sprint and quarter outings with little or nothing really good and showing what Udodi Onwuzurike... won an individual gold medal in the 200m event It means more hardwork, but mile have all taken back seats, to show. Oghenebrume although I’m capable of, so coming out the future is so bright." watching the ladies grow from finished outside the podium in to show on the global stage from behind to beat Poland's best so far in her career. In the women's 200m event, strength to strength. AFN cannot the 100m event despite being that I’m the best is amazing.” Kornelia Lesiewicz to second Speaking shortly after Favour Ofili finished third with lay claim to the gold won by ranked fastest junior going to Uko also had that beautiful position in a time of 51.97 while winning her second gold in a time of 22.23 to secure bronze Onwuzurike as the lad is just the Championships in Nairobi, Saturday, cruising to the homegirl Sylvia Chelangat of a time of 51.55, the youngster on an impressive day for Team competing for Nigeria for the he remains one of the country’s women’s 400m gold medal in Kenya finished 3rd in a time said " It was very tough because Nigeria. The event was won first time. He is a product of a brightest sprinters expected to 51.55secs. The Akwa Ibom-born of 52.23. of the weather.This is just the by Namibia's Christine Mboma better clime before the American step into the shoes of Deji Aliu, 17-year old quarter miler came Uko's time is her personal beginning of great things in my in a time of 21.84, while silver Collegiate is doing the final went to Beatrice Masilingi of honing of his talent. Namibia. The usual problem of poor Sports Ministry Clarifies Cash Rewards for Medalists Chinecherem’s javelin bronze baton exchange that has been is the first to be picked at the with us for ages, caused The Federal Ministry of Youth beneficiaries who are still in Development would hold an unprecendented haul of four Wold Under-20 by any Nigerian Oghenebrume and colleagues and Sports Development colleges in America. the cash rewards in trust for gold and three bronze medals athlete. in the men’s 4x100m relay to (FMY&SD) has given According to the Ministry, those affected by the NCAA in Nairobi, Kenya. In the relays, these Nigerian further clarifications to the "We know about the NCAA regulations while the others not It is the highest feat Nigeria finish outside the podium in announcement of cash rewards regulations and we won't affected by it would be handed has ever recorded on the kids got it right on the opening the event they were primed to medal winning Team Nigeria want any of these young and their rewards,” the statement medals table. Prior to the day of the World U-20 in Kenya, for the gold or silver. athletes at the World Athletics promising talents, who are our concluded. just ended event in Kenya, running a national record in In all, the outing in Nairobi U20 Championships in Nairobi, hopes for the future, to breach Nigeria's U-20 track and field Nigeria achieved her seventh the 4x400m mixed relay. The was soul lifting for track & field Kenya. the rules as it affects the rewards athletes rewrote the history of place finish at the third edition quartet of Johnson Nnamani, followers and a pointer to good FMY&SD said the clarification we announced,” stressed the country’s participation at the of the championships in 1990 Uko, Oke and Bamidele Ajayi things to expect from these kids became necessary following statement. biennial World Athletics U20 in Plovdiv, Bulgaria where they made history as the first winners if properly managed. These enquiries about the NCAA As such, “the Federal championships, finishing third won two gold, two silver and of the inaugural event at the kids are the future of athletics status of some of the country’s Ministry of Youth and Sports on the final medals table with two bronze medals. World Under-20 in 3:19:70, in Nigeria. T RU N Monday August 23, 2021TH & REASO Price: N250 MISSILE PDP to APC “The All Progressives Congress (APC) knows that it has been rejected by Nigerians, having failed woefully and that there is no way it can win elections under any condition.” –– The Peoples Democratic Party (PDP) accusing the APC of allegedly using the state apparatus of power to decimate and muzzle opposition and dissenting voices and foist an anti-democratic situation on Nigerians. KAYODEFAYEMI GUEST COLUMNIST Ahmed Joda: A Courageous and Fearless Administrator ne of the most serious length and breadth of the country to speak on consequences of our history the need for a conciliatory spirit sharpened of military intervention in by empathy and lasting peace through fair governance is the widespread accounting, justice, and healing. He never scepticism about public sector hesitated to put his professional competencies leadershipO and the politicization of the civil and counsel at the disposal of those who, service that has been seeded into the national in his keen consideration, held a promise psyche. of delivering on the mandate of the people. It is the popular belief that the civil service About three years after our memorable has long lost its lustre and all its practitioners engagement, I had a public disagreement have become carrots of patronage. And yet with the House of Representatives over even if many civil servants on our shores the plans to concession Ajaokuta Steel have earned well-deserved reputations for Complex when I was serving as Minister dishonour, painting the entire civil service with of Mines and Steel Development. The such sordid colours, is an unfair generalization. National Assembly at that time had publicly There are men and women of principle and criticised our concession plans and vowed competence who served in the civil service to resist the process. I found their position without blemish - one of such exemplars surprising because all we had done was to being the quintessential administrator, Ahmed commence the process of implementing the Joda who passed away on August 13, 2021. concession that they approved. Joda called Joda was one of the best and brightest me up after my rather tough statement that civil servants with compelling character in I was ready to give Ajaokuta Steel Complex the post-civil war era. He belonged to the to any serious investor who could come early generation of public servants who up with a workable plan to turn the white placed greater emphasis on competence over elephant into an industrial behemoth. He charisma, substance over style, and results advised that we make the bidding process over rhetoric. It was the era of absolute open and transparent, and encouraged me concentration of energy and grit on nation to pursue my conviction without minding building which led to evident productivity the criticisms. If we had succeeded in doing and steady progress for our country. They that, perhaps the Ajaokuta challenge would bequeathed to succeeding generations, the have been resolved by now. tradition they equally inherited from their From the trajectory of the life of men like forebears and exemplified values such as Joda Ahmed Joda, it is apparent that Nigeria accountability, brilliance, courage, decency, as a correspondent from 1956 to 1960. He rose remained an impartial patriot seeking to serve worked when the civil service worked. The empathy, and frugality which became the to the position of Chief Information Officer to the best of his abilities and contribute country’s unfortunate reputation as a place building blocks for our nation. with the Northern regional government, and to preserving a social order threatened by where institutions don’t function optimally I was privileged to know him and closely later as Permanent Secretary from 1962 to centrifugal tensions. Yet beneath the gentle corresponds with the era of the civil service’s observe him demonstrate raw patriotism 1967. exterior of his petite frame lay the man Joda decline. We must therefore rediscover the and courage of conviction when I served Sequel to the outbreak of the Nigerian himself: a fiercely courageous, truthful, intrepid, role of the civil service as the creative hub under him in 2015 as the Director, Policy Civil War in 1967, Joda was seconded to and industrious administrator. He won the of policy-making and implementation - the Research and Strategy of the 19-member the Federal Civil Service as a Permanent respect and admiration of both his colleagues brains thrust of government and the custodian Transition Committee tasked with liaising with Secretary serving in the federal ministries and superiors for his reputation and moral of institutional memory. We must restore a counterparts from the Jonathan administration of Information, Education, and Industries. stature to act as an arbiter during a time of missionary sense of purpose to the public to ensure a smooth transition to the current Historians place the contributions of the civil national distress and uncertainty. service - to get civil servants to see their administration. It was during this assignment service from 1966 to 1975 when the nation He retired in 1978 and ventured into private work once again as serving at the altar of that I encountered and forged a much treasured fought a civil war and steered itself towards business where he served as chairman and a transcendent purpose. friendship with late Ahmed Joda. I found him recovery and reconstruction as remarkable. board member of various companies in The greatest tribute we can pay the departed to be a personable, deeply religious, humble, It was during this time that Joda alongside Nigeria. As an institutional builder, he was patriot is to ensure that the stock of human and thoughtful individual, who was fiercely other such as Simeon Adebo, instrumental to the growth of the Nigerian resource of the civil service is replenished committed to a progressive and egalitarian Philip Asiodu, Liman Ciroma, and Alison National Petroleum Corporation (NNPC), with administrators of his stature – those nation. As Chairman of the committee, he Ayida earned the sobriquet “Super Permanent Nigerian Communications Commission single-mindedly dedicated to achieving policy tackled his assignment with immense cerebral Secretaries” by which they became famously (NCC), Pastoral Resolve (PARE), SCOA objectives and delivering good governance. acuity, diplomacy, and moral authority, and known during the administration of General Nigeria PLC, Chagoury Group, Flour Mills For Ahmed Joda, only a public service led was a good listener who respected the opinions Yakubu Gowon. This was regarding their of Nigeria PLC, and the Nigerian LNG and populated by our best and brightest of others, regardless of differing ethnic and prowess, successes, and strategic role in Limited (NLNG). Joda was never cynical can justly and efficiently provide the public religious backgrounds. driving the public service as the engine in his pursuit of change and transformation. goods such as education, healthcare and Born in Yola, Adamawa State, on February of governance and the fulcrum of policy He demonstrated throughout his career a housing that will achieve the developmental 13, 1930, Joda attended Yola Elementary School implementation during the darkest period broad outline for extricating ourselves from aspirations of our people. His passage marks and Yola Middle School before proceeding to of our nation’s history. the present transactional politics to a future the departure of one of the great voices of Barewa College, Zaria from 1945 to 1948. He In the absence of civil authorities and with of transformational ethos. reason, frugality, and sobriety in our society, had a brief stint working with Moor Plantation the military leaders as opposing protagonists, He showed in his exemplary way that it arguably at a time when the polity needs in Ibadan before venturing into journalism it fell on the leaders of the federal civil service is possible to develop the delivery capacity these traits the most. We can only hope that at Gaskiya Corporation, Zaria. He departed to articulate and defend the ideal of ‘One within public and private sectors to take a inspired by his example, our generation and to Pitmans College, London to further his Nigeria’. Though Joda’s visible activism and proposal and translate from a bright idea the ones behind us will rise in his stead. education in journalism from 1954 to 1956. advocacy in favour of the federal union into a truly tangibly transformative policy May his soul rest in perfect peace. Upon completion of his study, he returned to gave him a higher profile in the national with material consequences. Even in his latter r%S,BZPEF'BZFNJ $0/(PWFSOPS &LJUJ4UBUF work with the Nigerian Broadcasting Service consciousness than he had ever enjoyed, he years, he was very agile as he traversed the /JHFSJB$IBJSNBO /JHFSJB(PWFSOPST'PSVN Printed and Published in Lagos by THISDAY Newspapers Limited. Lagos: 35 Creek Road, Apapa, Lagos. Abuja: Plot 1, Sector Centre B, Jabi Business District, Solomon Lar Way, Jabi North East, Abuja . All Correspondence to POBox 54749, Ikoyi, Lagos. EMAIL: [email protected], [email protected]. TELEPHONE Lagos: 0802 2924721-2, 08022924485. Abuja: Tel: 08155555292, 08155555929 24/7 ADVERTISING HOT LINES: 0811 181 3085 0811 181 3086, 0811 181 3087, 0811 181 3088, 0811 181 3089, 0811 181 3090. ENQUIRIES & BOOKING: [email protected]