News
There were indications on Sunday that South-West state executive councils would on Wednesday discuss the bills on Amotekun corps.
It was gathered that a security network agency would be established in each state to oversee the Amotekun corps.
Ondo State Attorney General, Mr Kola Olawoye, said after the passage of the bill, each state would apply to Inspector General of Police, Mr Mohammed Adamu, for a gun licence for the Amotekun corps.
South-West governors, had at a summit organised by the Development Agenda for Western Agenda on January 9 agreed to set up Operation Amotekun to address killings and kidnapping in the zone.
Federal Government initially said the security outfit was illegal, but during a meeting in Abuja attended by Vice-President Yemi Osinbajo; Southwest governors and Attorney General of the Federation, Mr Abubakar Malami, both FG and the governors agreed that the Southwest states should give a legal backing to the security outfit.
Attorney General and Commissioner for Justice in Ekiti State, Mr Wale Fapohunda, in an interview with our correspondent, confirmed that the bill for a law establishing Amotekun corps provided for the establishment of a security network agency to oversee the operations of the corps.
Fapohunda, who said the Amotekun bill for Ekiti State was ready, stated that the state Governor, Mr Kayode Fayemi, had directed that it should be presented to the state executive council on Wednesday.
He said, “We have drafted a bill that is concise and comprises only the most necessary provisions.
Community policing is an important component of the proposed Ekiti State Amotekun Law.
“The key features of the Ekiti State Amotekun Law include the establishment of Ekiti State Security Network Agency that will oversee the operations of Ekiti State Amotekun Corps.”
He said the bill also provided for “the establishment of an independent Amotekun Corps Complaints Board to expeditiously inquire into and report any matter regarding the conducts of Amotekun corps, specifically as it relates to abuse of power including corruption and human rights violation.”
Explaining functions of the Ekiti State Security Network Agency, Fapohunda said besides overseeing Amotekun corps, it would “collaborate with and assist the police and other security agencies in maintaining law and order.”
He added that it would make available to the police and other security agencies relevant information on crime and crime-related activities, suspicious activities and suspects.
The AG added that the agency would undertake “routine day and night patrols on major roads, remote areas, hinterland, forests and inland waterways.”
According to Fapohunda, it will ensure that offenders are identified, arrested, registered and promptly handed over to the nearest police station or post.
He also listed the functions of the agency to include “disarming unauthorised persons in possession of arms and other dangerous weapons.”
Fapohunda added that it would also render prompt assistance to crime and accident victims as well as undertake joint operations with the police and other security agencies.
On his part, Ondo State Attorney General and Commissioner for Justice, Olawoye on Sunday, said the proposed law was given to the state Governor, Mr Rotimi Akeredolu, on Saturday, after the Friday meeting of the AGs.
He said, “We harmonised the bill and we gave a copy of the bill to the governor yesterday (Saturday). It will be presented to the state executive council where it will be deliberated upon after which it will be sent to the House of Assembly.”
On the time it would be sent to the legislature, Olawoye said the speaker of the Assembly would get the bill after its approval.
He also explained that the security outfit would be called Ondo State Security Network Agency “but it would be driven by Amotekun corps. It will be replicated in other South-West states.”
Olawoye also said each state would apply to Inspector General of Polic for a gun licence for the Amotekun corps.
It would be recalled that the police warned Amotekun operatives against carrying firearms. They said Oodua Peoples Congress members and hunters working as Amotekun operatives could only carry Dane guns, which do not use cartridges.
But Oyo State Attorney General, Mr Oyelowo Oyewo, who briefed journalists after the AGs’ meeting in Ibadan on Friday, said, “Carrying of arms is legalised by the law and Amotekun outfit will comply with all the laws of the land.”
Olawoye said, “A section of the bill stipulates that the Amotekun corps will be carrying arms licensed by Inspector General of Police, in line with the Police Act. Each state will apply for the licence. After the law has been made, we will apply to the IG for the licence for the corps. Each state will have a corps commander, who will be in charge of administration, operational guidelines and other things.
“The agency will have a governing board. The commander will be a member of the board. The commander must be a person of proven integrity, who will be a retired military or police officer of 10 years cognate experience. This is how it will be in other five states. The corps commanders of the states will be meeting if the need be. I am sure the individual state should be able to pass the law before the end of the month.”
Punch
Cost of funds is expected to decline further this week in response to massive liquidity inflow of N1.3 trillion into the interbank money market.
Last week, short term cost of funds fell by 870 basis points (bpts) to 5.9 percent from 14.65 percent the previous week.
Specifically, interest rate on Collateralised (Open Buy Back, OBB) lending fell by 850 bpts to 5.5 percent last week from 14 percent the previous week.
Similarly, interest rate on Over night lending fell by 897 bpts to 6.33 percent from 15.3 percent the previous week.
The sharp decline in cost of funds was triggered by inflow of N327.6 billion from matured secondary market (Open Market Operations, OMO) treasury bills, which cancelled the impact of outflow of N128.2 billion through OMO TB sales conducted by Central Bank of Nigeria (CBN).
This week, the interbank money market will enjoy massive inflow of liquidity estimated at N1.3 trillion.
This comprise N606.4 billion from maturing FGN Bonds, N440 billion from maturing OMO TBs, N158.8 billion from maturing Nigeria Treasury Bills (NTBs) and N47.17 billion from bond coupon payment.
These inflows, according to analysts, will prompt further decline in cost of funds this week.
In their forecast for the week, analysts at Cowry Assets Management Limited said: “In the new week, T-bills worth N595.27 billion will mature via the primary and secondary markets which will offset T-bills worth N154.38 billion to be auctioned by CBN via the primary market; viz: 91-day bills worth N4.38 billion, 182-day bills worth N10.00 billion and 364-day bills worth N140.00 billion. Hence, we expect the stop rates to decline marginally amid increasing demand for the instruments.”
Making similar projection, analysts at Cordros Capital said, “In the coming week, we expect money market rates to remain within the single digit band as OMO maturity worth ¦ 440.9 billion is expected to flow into the system.”
Naira depreciation persist as CBN injects $428m Meanwhile the naira, last week, depreciated for the second consecutive week in the Investors and Exporters (I&E) window of the foreign exchange market.
Analysis showed that the naira fell by 40 kobo as the indicative exchange rate of the I&E window rose to N364.37 per dollar last week from N363.97 per dollar the previous week.
However, volume of dollars traded in the window (turnover) rose sharply by 118.5 percent to $2.1 billion last week from $966.2 million the previous week.
Naira also depreciated by 30 kobo in the parallel market as the exchange rate rose to N358.3 per dollar last week from N358 per dollar the previous week.
On its part, CBN ramped up its efforts to defend the naira, as it increased weekly foreign exchange intervention to $448 million last week from $210 million.
In addition to the $210 million injected into the interbank foreign exchange market on Tuesday, the apex bank on Friday, injected $218.4 million through the retail Secondary Market Intervention Sales (SMIS).
The apex bank also injected CNY 18 million in the spot and short-tenored forwards segment of the inter-bank foreign exchange market.
According to the apex bank’s Director, Corporate Communications Department, Mr Isaac Okorafor, the intervention, like in previous exercises, was for requests in the agricultural and raw materials sectors, adding that the Chinese Yuan, on the other hand, was for Renminbi-denominated Letters of Credit.
Okorafor further expressed satisfaction over the stability of the foreign exchange which, according to him, was largely due to sustained intervention by the bank.
He assured that the CBN Management would remain committed to ensuring that all the sectors of the forex market continue to enjoy access to the needed foreign exchange, stressing that the stability in the foreign exchange market continued to attract investors.
External reserves continue downward trend to $37.7bn Meanwhile the nation’s external reserves continued its seven months slide as it fell to $37.725 billion last week Thursday.
Data from CBN showed that the reserves fell to $37.725 billion on Thursday, February 6, from $38.056 billion on Thursday, January 30.
This translated to week-on-week (w/w) decline of $331 million, up by 68 percent from the w/w decline of $197 million recorded the previous week.
Vanguard
Independent National Electoral Commission, on Thursday, deregistered 74 political parties as preparations for the 2023 general elections gather momentum.
With the new decision, Nigeria now has 18 political parties, according to the INEC Chairman, Mr Mahmood Yakubu, at a press conference in Abuja.
The successful parties are Accord Party, Action Alliance, African Action Congress, African Democratic Congress, All Progressives Congress, All Progressives Grand Alliance and Allied Peoples Movement.
Others are Labour Party, New Nigeria Peoples Party, National Rescue Movement, Peoples Democratic Party, Peoples Redemption Party, Social Democratic Party, Young Progressives Party, and Zenith Labour Party.
According to him, 75 parties didn’t satisfy the requirement but one went to court.
Mahmood also said the Booth Party, which registered after 2019, would continue to exist “Nigeria now has 18 parties,” Mahmood stated.
Here is the full list of the 74 deregistered parties:
(1) AAP – Advanced Allied Party
(2) ABP – All Blending Party
(3) ACD- Advanced Congress Of Democrats
(4) ACPN – Allied Congress Party Of Nigeria
(5) AD – Alliance For Democracy
(6) AGA – All Grassroots Alliance
(7) AGAP – All Grand Alliance Party
(8) ANDP – Advanced Nigeria Democratic Party
(9) ANN – Alliance For New Nigeria
(10) ANP – Alliance National Party
(11) ANRP – Abundant Nigeria Renewal Party
(12) APA – African People Alliance
(13) APDA – Advanced People’s Democratic Alliance
(14) APN – Alternative Party Of Nigeria
(15) ASD – Alliance Of Social Democrats
(16) AUN – Alliance For A United Nigeria
(17) BNPP – Better Nigeria Progressive Party
(18) CAP – Change Advocacy Party
(19) CC – Coalition For Change
(20) CNP – Change Nigeria Party
(21) COP – Congress Of Patriots
(22) DA – Democratic Alternative
(23) DPC – Democratic People’s Congress
(24) DPP – Democratic People’s Party
(25) FDP – Fresh Democratic Party
(26) FJP – Freedom And Justice Party
(27) GDPN – Grassroots Development Party Of Nigeria
(28) GPN – Green Party Of Nigeria
(29) HDP – Hope Democratic Party
(30) ID – Independent Democrats
(31) JMPP – Justice Must Prevail Party
(32) KP – Kowa Party
(33) LM – Liberation Movement
(34) LPN – Legacy Party Of Nigeria
(35) MAJA – Mass Action Joint Alliance
(36) MDP – Modern Democratic Party
(37) MMN – Masses Movement Of Nigeria
(38) MPN – Mega Party Of Nigeria
(39) MRDD – Movement For The Restoration And Defence Of Democracy
(40) NAC – National Action Council
(41) NCMP – Nigeria Community Movement Party
(42) NCP – National Conscience Party
(43) NDCP – Nigeria Democratic Congress Party
(44) NDLP – National Democratic Liberty Party
(45) NEPP – Nigeria Elements Progressive Party
(46) NFD – Nigeria For Democracy
(47) NGP – New Generation Party Of Nigeria
(48) NIP – National Interest Party
(49) NPC – Nigeria People’s Congress
(50) NPM – New Progressive Movement
(51) NUP – National Unity Party
(52) PCP – People’s Coalition Party
(53) PDC – People For Democratic Change
(54) PDM – People’s Democratic Movement
(55) PPA – Progressive People’s Alliance
(56) PPC – Providence People’s Congress
(57) PPN – People’s Party Of Nigeria
(58) PPP – People’s Progressive Party
(59) PT – People’s Trust
(60) RAP – Reform And Advancement Party
(61) RBNP – Re-Build Nigeria Party
(62) RP – Restoration Party Of Nigeria
(63) SNC – Save Nigeria Congress
(64) SNP – Sustainable National Party
(65) SPN – Socialist Party Of Nigeria
(66) UDP – United Democratic Party
(67) UP – United Patriots
(68) UPC – United People’s Congress
(69) UPN – Unity Party Of Nigeria
(70) UPP – United Progressive Party
(71) WTPN – We The People Nigeria
(72) YDP – Young Democratic Party
(73) YES – Electorates Solidarity
(74) YP – Youth Party
Punch
Federal Government on Tuesday explained why it decided to approach the China-Exim Bank for a $17bn loan request.
It said other lending institutions like the World Bank and African Development Bank were not showing much interest when Nigeria approached them during recession.
Minister of Finance, Mrs Zainab Ahmed, stated this in Senate while defending the decision of the regime of President Muhammadu Buhari to borrow $29.96bn loan to fund critical infrastructure across the country.
She explained that the 8th National Assembly had approved about $6bn for the Federal Government out of the $29.96bn loan, leaving a balance of $22.8bn.
Ahmed told Senate Committee on Local and Foreign loans that the Federal Government and some state governments were jointly requesting the loans from various lending institutions.
She said 70 per cent of the loan, which is about $17bn, would come from China-Exim Bank while others would be sourced from other lending institutions such as the Islamic Development Bank.
The minister maintained that the country had no issue with its current debt profile but noted that its dwindling revenue could not fund the various projects that were expected to have meaningful impact on the lives of Nigerians.
She said, “The funds ($22.8bn) will be channelled to the funding of infrastructure, which will enhance the productivity of our economy.
"Other projects are in healthcare and education. It also includes projects for the rehabilitation of the North- East geopolitical zone, which has been ravaged by insurgency.
“Others are Mambila Hydro Power project ($4.9bn), Lagos-Kano modernisation rail project ($4.1bn), the Development Finance project loan being provided by a consortium of World Bank and African Development Bank agencies ($1.28bn).
“Above all, the loan will help us to improve our electricity supply, reduce poverty, create jobs, ensure access to finance, agricultural productivity, guarantee food security, achieve high school enrolment, provide clean potable water, rehabilitate major roads and develop the mining industry.”
On why the country is seeking 70 per cent of the foreign loan from China, the minister said, “it is meant to make funds available to our own development institutions so that they can give out loans because access to finance has been difficult for the SMEs.”
On the debt profile of the country, the minister said, “The 2016 – 2018 external borrowing plan is both for the Federal Government and the states. So, some states would be responsible for the payment of some of the loans.”
On the sustainability of the nation’s debt portfolio, the minister said Nigeria’s current portfolio ceiling as set by the Fiscal Responsibility Act was 25 per cent of total debt to GDP.
She said, “The ratio for December 2018 was 19.09 per cent but it reduced to 18.9 per cent by the middle of 2019.
"The debt service to revenue ratio is however high and it provides us strong justification for us to drive our revenue.
"For 2017, the ratio was 57 per cent and 51 per cent in 2018.”
The minister said the nation’s debt level was low compared to other countries like the USA, the United Kingdom and Canada.
Chief of Staff to Kaduna State Governor, Mr Mohammed Abdullahi, defended the state’s $305m loan request before the panel.
A representative of Katsina State Government, Mr Yakubu Danja, said the state planned to source $100m out of $110m from Islamic Development Bank.
He said the state would enjoy between 20 to 50 per cent grants and that projects to be executed would cover the entire local government areas of the state.
He also said that the loan was interest-free. Kogi State Government’s Commissioner for Finance, Budget and Planning, Mr Ashiru Idris, said the $100m that the state was requesting would be used to develop infrastructure to encourage investors and diversify the economy.
Punch
With the official launch of the federal government’s new visa policy yesterday in Abuja by President Muhammadu Buhari, the president has disclosed that the document would propel Nigeria to attain a globally competitive economy, improve the country’s business environment and boost tourism.
Under the new policy, Africans willing to visit Nigeria without visa can now obtain visas on arrival at four entry ports excluding the land borders.
Tagged: “New Visa Policy,” the new document launched in the State House by Buhari in company with Minister of Interior, Mr Rauf Aregbesola, and Comptroller General of the Nigeria Immigration Service (NIS), Mr Mohammed Babandede, broadened the scope of visa obtainment in Nigeria from the hitherto existing six categories to 79.
Mr Buhari had on December 11, 2019, announced in Egypt while attending Aswam Forum for Sustainable Peace and Development that Nigeria would soon launch a visa on arrival policy for Africans.
Speaking at the launch yesterday, Buhari said the document sought to complement federal government’s efforts towards protecting Nigeria’s national identity as well as the defence of its sovereignty and territorial integrity.
He said the new policy was aimed at attracting innovation as well as specialised skills and knowledge to complement what is locally available, submitting that the document would propel Nigeria to attain a globally competitive economy, improve the country’s business environment and boost tourism.
According to him, the new policy also provides the platform to achieve what he described as African integration without compromising national security.
“Nigeria Visa Policy 2020 is intended to attract innovation, specialised skills and knowledge from abroad to complement locally available ones.
“I am confident that the implementation of the Nigeria Visa Policy 2020, will support the attainment of a globally competitive economy for Nigeria by building on the efforts of the Presidential Enabling Business Environment Council.
The policy is expected to improve the business environment, attract Foreign Direct Investment and boost tourism without compromising national security.
“This Nigeria Visa Policy 2020 provides an avenue to achieve African integration by the introduction of visas on arrival for short visits to Nigeria for holders of passports of African Union countries,” Buhari said.
Briefing journalists after the launch, Aregbesola said the visa on arrival policy could only be obtained in four international airports in the country, listing them as the Nnamdi Azikiwe International Airport, Murtala Muhammed International Airport, Aminu Kano International Airport and Port Harcourt International Airport.
Aregbesola echoed Buhari that the new policy would not by any means compromise national security because the package is made up of adequate measures aimed at checkmating violations and abuse.
"The implementation of the NVP2020 will not compromise national security as adequate measures have been provided both before and after entry into Nigeria,” he said.
According to the minister, the new policy comprises special offers to Nigerians in Diaspora with dual citizenships.
“The NVP 2020 introduces special visas for Nigerians in diaspora who either by birth, marriage or naturalisation, have assumed dual citizenship. Such category of Nigerians will now be able to make use of the passports of their adopted countries to visit Nigeria without the need for short stay visa,” he said.
Aregbesola added that although there were three initial visa classifications, which he enumerated as short visit, temporary and permanent visa categories, these categories were later increased to six classifications, adding that the six categories have now been raised to 79 to address every aspect of human needs from entry to exit.
He explained that the process has been digitised in a way that the involvement of human elements in the process is drastically reduced as applications and payments will be made online, adding that there will be no encounter with any man until the beneficiary eventually arrives at the immigration desk.
Aregbesola further explained that the visa categories were expanded to 79 groups because Nigeria wants to be detailed with enhanced security, pointing out that if anyone beats a security watch at one point, he will be caught at the other end.
“Why 79 classes of visa from six? The reason is simple. We want to be detailed in the classifications of people who we have to bring into our country so as to limit the chances of any of them escaping our watch.
“Secondly, it is to expand our economy. Let me give you an example. I won’t mention a name. A university wrote me as the Minister (of Interior) to request for a specific number of visa allocation so as to enhance the number of students coming to that institutions,” he said.
According to him, the 79 categories cover various spheres of activities which include: visa to boost economy, visa for education for students, visa for religious tourism, medical tourism visa, journalist visa, among others.
Asked what measures have been put in place to curtail the abuse of the new visa policy through the land borders, Aregbesola who said in line with ECOWAS treaty, there is free movement among member states, was swift to add that any West African citizen entering through the land borders must possess the usual valid travel documents.
He added however, that such arrangement is only applicable for people paying a short visit to the country.
Also speaking, Babandede said the new policy was conceived to address the Nigerian experience in line with the traditions of nations to handle issues on visa in accordance with their needs, insisting that the new policy cannot compromise national security.
He also explained that the biometrics of every beneficiary of the new visa on arrival policy would be taken at the port of entry with the five fingers which he said would make it easy for such an individual to be tracked by INTERPOL.
According to the NIS Comptroller-General, once the biometrics are taken, affected persons can be monitored every 24 hours, adding: “everything about you is exposed. There is no way Nigerian security can be compromised.”
Under the new policy, the federal government introduced a multiple-entry, multi-year visa for Nigerians by birth who had to renounce their citizenship.
According to a tweet by Special Assistant on Digital/New Media to the President, Mr Tolu Ogunlesi, the visa is available to people who renounced their Nigerian status to become citizens of other countries.
Journalists, entertainers and sportsmen wishing to visit Nigeria will now also get single-entry, short-visit visas.
“If you’re a Nigerian by birth but have had to give up your citizenship because your new country doesn’t allow dual citizenship (China, Israel, India, etc), you are now eligible to get a multi-year, multiple entry visa that allows you to visit Nigeria easily,” Ogunlesi tweeted.
“Israelis by birth can acquire dual citizenships but people acquiring Israeli citizenship by naturalisation – which is what would apply to a Nigerian who acquires Israeli citizenship – must first renounce their original citizenship.
“Nigeria today launched special Short Visa classes (single entry) for the following categories of people: journalists, clerics, sportspeople, artists/entertainers/musicians, religious tourists, humanitarian workers, etc.”
Thisday
About 250 cattle alongside their herders were at the weekend chased back to Kwara state by Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) from Ijare, Ondo state.
Barely three weeks earlier, the people of Ijare in Ifedore Local Government Area of Ondo state had kicked against invasion of the town by herdsmen who they claimed were destroying their farms.
It was gathered that about five herdsmen had led the cattle back to Ijare community again, purposely to allow the cattle graze.
But in swift reaction, as Miyetti Allah’s chairman was informed, he reportedly ordered the herdsmen to lead the cattle back to their base in Kwara state.
The state Chairman of Miyetti Allah, Mr Bello Garba, who spoke with our correspondent over the weekend said immediately he was alerted, he went to the palace of Olujare of Ijare and sent the five herdsmen back to Kwara after talking to the owner of the cows.
He appealed to the people of the state to report any signs of farm disruption by herdsmen or any individual, to the men of Ondo State Police Command adding that “we all work together to ensure peace in the state.”
Daily Trust
Police on Monday said the community policing service would be purely voluntary and the constables to be recruited would not receive any salary.
State commissioners of police, who stated this in separate interviews with The PUNCH on Monday, said police commands had started meeting traditional rulers and community leaders with a view to recruiting constables for the community policing initiative.
Federal Government had on January 23 directed the police hierarchy to commence recruitment of special constables nationwide preparatory to the implementation of its community policing policy.
Inspector-General of Police, Mr Mohammed Adamu, in a wireless message directed state police commands to set up screening committees for the recruitment of community policing constables.
The IG ordered all state commissioners of police, assistant commissioners of police and divisional police officers to liaise with traditional rulers and community leaders in their domains to screen volunteers who would be engaged after passing the screening tests.
The Federal Government plan came on the heels of the South-West states’ launching of a security outfit, Operation Amotekun, to address incessant killings and kidnapping in the zone.
As part of moves to recruit community policing constables, Ekiti State Police Command on Sunday said it had sent recruitment forms to police stations in all the local government areas of the state.
According to the command, applicants must be between ages of 21 and 50. It’s not another job opportunity – Ebonyi CP Commissioner for Police in Ebonyi State, Mr Sola Awotinde, in an interview with one of our correspondents on Monday, shed light on the community policing policy.
Aworinde said the proposed recruitment was meant for Nigerians who were already employed. He said that it was important for Nigerians to be told the truth so that whoever wanted to be part of the scheme, should be prepared to know what to expect.
The police commissioner added that people had misconstrued the recruitment order of the IG into the community policing to be another paid job opportunity.
He said, “We have not been given the green light to recruit anybody. We are just at the committee level. I mean the committee that will screen the would be special constables. No command has been given the go-ahead to commence the said recruitment. Force Headquarters has not done that.
“It is the headquarters that would say go ahead and we will start. But no command has been given such an order. The first stage is screening and we are just setting up the screening committee.
“And please, people should be told this truth and sound it clear to them; it is not remuneration-based job. It is voluntary. It is just going to be like the special marshal of the Federal Road Safety Corps.
“It is for those who are gainfully employed or self-employed. There is no salary for anybody in the community policing scheme. People are misconstruing it to mean another job opportunity and I have received so many calls over this.
“It is not a paid job. Again, it is a voluntary job. And there is nothing like recruitment of constables. Also those to be engaged must be between the age of 21 and below 50.”
Recruitment not for the unemployed, but for professionals – Force PRO When contacted, Force spokesman, Mr Frank Mba, confirmed that the special constables would not be paid any salary, but stipends.
According to him, this informed the police decision to engage employed people as special constables.
Mba stated, “The special constables will not be on basic salary, but they would be paid stipends or allowances. That explains the reason the target is not unemployed persons, but employed people like journalists, lawyers, doctors, teachers, traders and those who are gainfully employed.
“The special constables are people who can give us part of their time. That is why it is modelled after the United Kingdom community policing system where people volunteer to provide services.”
Punch
The crisis over local government administration in Oyo State worsened on Monday when a man identified as Abdulasisi Isa was shot dead during a clash in Surulere Local Government Area of the state.
The deceased is a member of PDP in Surulere local government.
He was killed when supporters of All Progressives Congress (APC) and those of Peoples Democratic Party (PDP) clashed over who is the authentic chairperson of the local government.
There have been pockets of violence between supporters of the local council chairpersons sacked by Governor Seyi Makinde and those of the caretaker committees he appointed in their place.
The sacked officials are members of APC while those he appointed are members of PDP.
Many people were also injured when supporters of the two parties clashed in the local government area.
It was gathered that several weapons were on display during the fracas. Prior to the Surulere mayhem, there were incidences of violence in other local government areas such as Ogbomoso North Local Government.
Mr Olamiju Alao-Akala, son of a former Governor of the state, Mr Adebayo Alao-Akala, alleged that he was also attacked.
Alao-Akala junior who is the Chairman of Ogbomoso North Local Government before he was sacked by Mr Makinde with his counterparts in other councils.
Early Monday morning, he said he was attacked by hoodlums believed to be supporters of PDP.
The caretaker chairperson in the local government area, Mr Ibrahim Ajagbe, denied the claim. Ajagbe said it was the son of the former governor that led armed thugs to disperse his own group from the council secretariat.
Ajagbe said eight people that were injured by the APC loyalists were taken to hospital.
Publicity Secretary of PDP, Mr Akeem Olatunji, while reacting, said the deceased is a chieftain of PDP in the local government area.
Olatunji alleged that he was shot dead by APC loyalists.
“A chieftain of PDP in person of Mr Abdulasisi Isa was shot dead and another person was hospitalised as a result of gunshots. They were allegedly shot by the former Chairman of Surulere North local government, Mr Ogunniran Akinwumi Master.
Also, some APC thugs led by Mr Ibraheem Gbodeniyi, and Alao-Akala, with one Akeem Alaroje and Sunday Adeniran”.
But, Publicity Secretary of APC, Mr Abdulazeez Olatunde, insisted that it was PDP that caused the violence. Mr Olatunde said that despite the Court injunction which certified that the elected chairpersons were the authentic occupants of the seats, PDP still went ahead to cause trouble.
“It is very unfortunate that despite the court injunction that affirmed APC as the authentic occupants, PDP still went ahead to attack our people. Despite all these, they went ahead to cause trouble. It was yesterday that we got the information that they would attack us. It was not APC that attacked them. PDP is the one that is causing trouble,” he said.
Efforts made to get reaction of the police spokesperson, Mr Olugbega Fadeyi, failed. Several calls put through Fadeyi’s telephone line were not successful. Similarly, an SMS sent asking him to react to the matter has not been replied as at the time of filing this report Monday evening.
PT
Three persons were feared dead while several others were injured as police and tricycle operators clashed in Ijora, Lagos, yesterday.
Tricycle operators and commercial motorcycle riders (Okada), had taken to the streets of Lagos protesting the ban handed by the state government on some routes and local government areas.
Police were alleged to have accosted the protesters, who made bonfires on the streets, and engaged them in a fight that left three persons dead and many others injured.
The victims included a student, a woman in an Ilorin-bound vehicle, and a tricycle operator.
However, police public relations officer, Mr Bala Elkana, denied the alleged killing, saying no casualty was recorded.
This is in spite of witness accounts claiming that police bullets hit the victims, as officers attached to the Badia division shot randomly to scare off the protesters.
Some tricycle operators and Okada riders had reportedly gathered at the Ijora causeway axis of Apapa road, lighting bonfires, to protest the restriction order by the state government.
The protesters were alleged to have vandalised some vehicles, including that of a policeman. Having been dispersed from their earlier spot, it was learnt that the protesters regrouped in front of the secretariat of Apapa Iganmu LCDA, along Gaskiya Road, but they were again chased away by cops.
However, the protest escalated and spread to Ajegunle, as Keke and Okada riders prevented commercial vehicles from carrying out their duties.
Meanwhile, it was a harrowing experience for workers, traders, students, artisans and other commuters across several councils and LCDAs who had to trek kilometres to get to their various destinations as the ban on Okada and Keke took its toll.
On February 1, the state government began enforcement of the extant Transport Sector Reform Law 2018, which banned commercial motorcycles and tricycles in some local governments and local council development areas.
While announcing the restriction of Okada and Keke to certain areas of the state, government lamented that the operations of unregulated transporters had claimed 600 lives in three years in the state.
Governor Babajide Sanwo-Olu, who described Okada and Keke as a menace, also disclosed that available data for three years (2016 to 2019) on accidents and deaths arising from the system of transportation was scarce.
The restriction was fully implemented in the 15 local council areas of the state, with some residents lamenting the order.
Following their sad experiences, tricycle and motorcycle operators and commuters have appealed to government to reconsider the ban on Keke and Okada on major highways and bridges.
“As much as I appreciate the good intention of the state government, the hardship on resident, particularly commuters, is unbearable,” said Sola Omitogun, a Lagos resident, as he trekked from Ikeja-Along to Haco Bus Stop, Ikeja.
Another commuter, Ebenezer Aramide, along with his children, who admitted that Okada and Keke have been a way of life for them in the recent past, wondered why government would make such an order without providing alternatives.
“It is only in Nigeria that a government would place a ban on such a critical sector without making alternative arrangements for the teeming masses. The pain is too much for us to bear, since it became effective last Saturday,” he said.
Mrs Ijiola Akande and Benedict Ariwoola, who said they trekked from their respective residences to their workplaces in Ikeja, appealed to government to rescind the order.
“This order must not be allowed to stay too long in the state because it will affect productivity in the state. Imagine the negative effects that trekking a distance of about two kilometres before getting to work would have on my employers,” she said.
While tricycle owners and riders’ associations held peaceful marches in Surulere and Ikeja over the ban, there were also sporadic protests and bonfires in several areas, including Ijora and Ikeja.
Meanwhile, the state government has rolled out 65 high-capacity buses, in addition to the number of buses already in service, as part of palliative measures to the restriction of commercial motorcycles and tricycles in parts of the state.
Managing director of Lagos Bus Services Limited, Mr Idowu Oguntona, announced this deployment at a press conference on Monday.
Oguntona disclosed that the buses, which started work yesterday, have recorded about 10,000 customers in the early hours of Monday alone, adding that the 65 buses would convey a total of 35,000 people daily.
He also disclosed that the buses would ply seven routes across the affected areas. According to the police spokesman, 24 suspects were arrested for blocking major roads in Ijora, following the recent ban of Okada and Keke.
Elkana said in a statement that suspected hoodlums caused major obstructions on the roads, burnt tyres, looted and snatched valuables from road users. He said that hoodlums, suspected to be Okada riders, came out in large numbers armed with cutlasses around Ijora Oloye, Amusu, Ijora 7-Up, Ijora under bridge, Sifa Junction and Gaskiya Gangare area, all within Ijora Badia Division.
“Police officers from Ijora Badia, Area B Command and Special Strike Force on Social Miscreants were promptly deployed to the scenes.
“The situation was brought under control. The obstructions were cleared for free flow of traffic.
“No life was lost; 24 suspects were arrested. Investigation is ongoing and the suspects will be charged to court,” Elkana said.
Tricycle operators in Lagos Mainland, Yaba and Oyingbo also staged a peaceful protest in Maryland against the ban.
The operators urged the government to rescind its order restricting commercial motorcycle and tricycle operators in 15 LGAs. Mr Tayo Oshidele, vice chairman of the association, claimed over 2,000 members of the association would be affected as a result of the development.
Oshidele said that the majority of the operators acquired the tricycles on hire-purchase where the money was being remitted on a weekly basis. In a related development, commercial tricycle and motorcycle operators in areas not listed on the ban on Monday alleged that policemen were extorting money from them under the guise that they were plying restricted routes.
Theo Uchechukwu, an operator, claimed policemen were harassing operators in some parts of Igando, Ikotun and Alimosho, not listed as restricted areas. “I didn’t see Alimosho on that list, but you know with this new law the policemen just have another opportunity to feed on.
“If we are caught we don’t have any choice than to pay, we like to benefit from other peoples pain in this country,” he said.
Meanwhile, Lagos State Commissioner of Police, Mr Hakeem Odumosu, has warned police officers not to arrest motorcycles used for courier services, as they were not part of the restrictions. In a statement by Elkana, he stated that:
“Lagos State Police Command wishes to reiterate that motorcycles used for courier services are not included in the restrictions placed on motorcycles in Lagos State. Operators of courier services must strictly obey traffic laws and ensure that they do not drive against traffic (one way).
"Dispatch riders must put on their crash helmets and should have the dispatch box fixed at the back of the motorcycle. The bike must strictly be used for courier purposes, no carrying of passengers. Power bikes are also not affected by the restrictions.”
Sun
Three persons were feared dead while several others were injured as police and tricycle operators clashed in Ijora, Lagos, yesterday.
Tricycle operators and commercial motorcycle riders (Okada), had taken to the streets of Lagos protesting the ban handed by the state government on some routes and local government areas.
Police were alleged to have accosted the protesters, who made bonfires on the streets, and engaged them in a fight that left three persons dead and many others injured.
The victims included a student, a woman in an Ilorin-bound vehicle, and a tricycle operator.
However, police public relations officer, Mr Bala Elkana, denied the alleged killing, saying no casualty was recorded.
This is in spite of witness accounts claiming that police bullets hit the victims, as officers attached to the Badia division shot randomly to scare off the protesters.
Some tricycle operators and Okada riders had reportedly gathered at the Ijora causeway axis of Apapa road, lighting bonfires, to protest the restriction order by the state government.
The protesters were alleged to have vandalised some vehicles, including that of a policeman. Having been dispersed from their earlier spot, it was learnt that the protesters regrouped in front of the secretariat of Apapa Iganmu LCDA, along Gaskiya Road, but they were again chased away by cops.
However, the protest escalated and spread to Ajegunle, as Keke and Okada riders prevented commercial vehicles from carrying out their duties.
Meanwhile, it was a harrowing experience for workers, traders, students, artisans and other commuters across several councils and LCDAs who had to trek kilometres to get to their various destinations as the ban on Okada and Keke took its toll.
On February 1, the state government began enforcement of the extant Transport Sector Reform Law 2018, which banned commercial motorcycles and tricycles in some local governments and local council development areas.
While announcing the restriction of Okada and Keke to certain areas of the state, government lamented that the operations of unregulated transporters had claimed 600 lives in three years in the state.
Governor Babajide Sanwo-Olu, who described Okada and Keke as a menace, also disclosed that available data for three years (2016 to 2019) on accidents and deaths arising from the system of transportation was scarce.
The restriction was fully implemented in the 15 local council areas of the state, with some residents lamenting the order.
Following their sad experiences, tricycle and motorcycle operators and commuters have appealed to government to reconsider the ban on Keke and Okada on major highways and bridges.
“As much as I appreciate the good intention of the state government, the hardship on resident, particularly commuters, is unbearable,” said Sola Omitogun, a Lagos resident, as he trekked from Ikeja-Along to Haco Bus Stop, Ikeja.
Another commuter, Ebenezer Aramide, along with his children, who admitted that Okada and Keke have been a way of life for them in the recent past, wondered why government would make such an order without providing alternatives.
“It is only in Nigeria that a government would place a ban on such a critical sector without making alternative arrangements for the teeming masses. The pain is too much for us to bear, since it became effective last Saturday,” he said.
Mrs Ijiola Akande and Benedict Ariwoola, who said they trekked from their respective residences to their workplaces in Ikeja, appealed to government to rescind the order.
“This order must not be allowed to stay too long in the state because it will affect productivity in the state. Imagine the negative effects that trekking a distance of about two kilometres before getting to work would have on my employers,” she said.
While tricycle owners and riders’ associations held peaceful marches in Surulere and Ikeja over the ban, there were also sporadic protests and bonfires in several areas, including Ijora and Ikeja.
Meanwhile, the state government has rolled out 65 high-capacity buses, in addition to the number of buses already in service, as part of palliative measures to the restriction of commercial motorcycles and tricycles in parts of the state.
Managing director of Lagos Bus Services Limited, Mr Idowu Oguntona, announced this deployment at a press conference on Monday.
Oguntona disclosed that the buses, which started work yesterday, have recorded about 10,000 customers in the early hours of Monday alone, adding that the 65 buses would convey a total of 35,000 people daily.
He also disclosed that the buses would ply seven routes across the affected areas. According to the police spokesman, 24 suspects were arrested for blocking major roads in Ijora, following the recent ban of Okada and Keke.
Elkana said in a statement that suspected hoodlums caused major obstructions on the roads, burnt tyres, looted and snatched valuables from road users. He said that hoodlums, suspected to be Okada riders, came out in large numbers armed with cutlasses around Ijora Oloye, Amusu, Ijora 7-Up, Ijora under bridge, Sifa Junction and Gaskiya Gangare area, all within Ijora Badia Division.
“Police officers from Ijora Badia, Area B Command and Special Strike Force on Social Miscreants were promptly deployed to the scenes.
“The situation was brought under control. The obstructions were cleared for free flow of traffic.
“No life was lost; 24 suspects were arrested. Investigation is ongoing and the suspects will be charged to court,” Elkana said.
Tricycle operators in Lagos Mainland, Yaba and Oyingbo also staged a peaceful protest in Maryland against the ban.
The operators urged the government to rescind its order restricting commercial motorcycle and tricycle operators in 15 LGAs. Mr Tayo Oshidele, vice chairman of the association, claimed over 2,000 members of the association would be affected as a result of the development.
Oshidele said that the majority of the operators acquired the tricycles on hire-purchase where the money was being remitted on a weekly basis. In a related development, commercial tricycle and motorcycle operators in areas not listed on the ban on Monday alleged that policemen were extorting money from them under the guise that they were plying restricted routes.
Theo Uchechukwu, an operator, claimed policemen were harassing operators in some parts of Igando, Ikotun and Alimosho, not listed as restricted areas. “I didn’t see Alimosho on that list, but you know with this new law the policemen just have another opportunity to feed on.
“If we are caught we don’t have any choice than to pay, we like to benefit from other peoples pain in this country,” he said.
Meanwhile, Lagos State Commissioner of Police, Mr Hakeem Odumosu, has warned police officers not to arrest motorcycles used for courier services, as they were not part of the restrictions. In a statement by Elkana, he stated that:
“Lagos State Police Command wishes to reiterate that motorcycles used for courier services are not included in the restrictions placed on motorcycles in Lagos State. Operators of courier services must strictly obey traffic laws and ensure that they do not drive against traffic (one way).
"Dispatch riders must put on their crash helmets and should have the dispatch box fixed at the back of the motorcycle. The bike must strictly be used for courier purposes, no carrying of passengers. Power bikes are also not affected by the restrictions.”
Sun
More...
Barely one week after farmers from villages in Oja Odan, Yewa North Local Government area of Ogun State protested the killing of one of them by suspected killer herdsmen, another farmer has allegedly been hacked to death at nearby Fagboun village, Yewa South Local Government Area of the State.
The deceased, who is simply identified as Araba, was allegedly killed on his farm at about 4 p.m. on Friday.
The Ogun State Police Command has since confirmed the incident according to media report.
It was learnt that some herdsmen, who recently invaded the community, took their cattle to Araba’s farm for grazing.
He was said to have resisted them and they reportedly hacked him to death.
Yewa North and Yewa South are two local governments in Ogun West area of the state, sharing boundaries with each.
Because of their proximity to Benin Republic, residents of the two local governments have been lamenting the influx of Fulani herdsmen into their areas.
The village head, Simeon Fagboun told newsmen that, “We didn’t see the herdsmen who perpetrated that evil act. We have informed the police, in fact, the Area Commander was also aware.
“The police took the corpse to Ilaro. But we have taken the corpse from the police because if they are allowed to take the corpse to the mortuary, it will cost the family another expenses before they can take it back. And we have buried the corpse same day.”
The Ogun State Police Spokesman, Abimbola Oyeyemi, said the police were yet to identify the killers.
He said, “The police have begun an investigation to know the killers; the Commissioner of Police has directed the homicide section to commence a full scale investigation into the matter and bring the perpetrators to book.”
Daily Post
Interest rates are falling to all-time low, investigation has shown.
This has widened the gap between lending rates and interests.
At some banks visited by our correspondent, interest on savings and fixed deposits was as low as 1.25 per cent while lending rates were as high as 25 per cent.
Similarly, yields on treasury bills in the secondary market have fallen to between 2.5 per cent and 4.9 per cent.
About a year ago, the yield on these securities could be as high as 12 per cent. Central Bank of Nigeria, in a recent circular to lending institutions, slashed most of the charges the banks had been slamming on depositors.
Income from these charges has always formed part of the huge profits declared by the banks in their annual reports.
A bank official, who spoke on condition of anonymity, said banks had been grappling with huge overhead costs and making provisions for bad loans. With the slash in CBN charges, he said the only way they could continue to make income was from interests because e-based income had dwindled and could not support their operations.
Another banker acknowledged that the institutions were paying very low interest on savings accounts and charging more on loans but added that there were no general rates for every bank customer.
He added, “It is not true that there is one lending rate for everybody. And there is no one deposit rate for everybody.
“People negotiate deposit rate and lending rates with banks, depending on their particular financial situation.”
Rector, Institute of Credit Administration, Mr Chris Onalo, expressed worry that lending rates and deposit rates in Nigerian banks were far apart, and banks were overly commercial-minded, which he noted is detrimental to the economy.
He said, “Why will you be trading with people’s savings and the yield is so low? “If they want to lend money to those who are in need of it, they do at a very high rate. This cripples the economy.”
Before, he added, savings accounts used to be juicy because of attractive interests on them. According to him, banks have conspired to cripple economic growth and make use of people’s funds almost free.
“I think it is a selective thing because I don’t think they can do it to the giants in the economy,” he said.
While urging banks to be ethical, Onalo said they needed to support businesses to grow because bigger growth would bring bigger revenue to the government.
He said, “This kind of sharp practice because of very high appetite for crazy profits should stop because it is not helping anyone.”
A past president, Association of National Accountants of Nigeria, Mr Sam Nzekwe, said depositors used to be attracted to savings and fixed deposits when the interests paid on them were high, but were shunning them now that the banks hardly paid anything on them.
Nzekwe said, “If you compare the interests on savings and fixed deposits with what the banks charge on loans, the gap is too wide. The disparity is too high. So CBN has to see how to narrow the gap.”
He also observed that most of the loans given to customers became toxic, so the banks were being careful to give out loans.
“For banks to recover, they resort to giving high-interest rates for lending,” he said.
He observed that the banks used to deduct many illegal charges which depleted customers’ accounts. But with the recent removal of charges by CBN, he said, “It will affect profitability of the banks. So, what they are doing is to make sure any loan they give now, they collect as many charges as possible to make up for the charges removed by CBN.
“CBN should look into all these charges; reduce the benchmark interest rate because if they reduce it, more people may go to bank to look for loans.
“When people go to bank to look for loans, it is like a deathtrap because by the time they calculate all the things they are calculating, if you borrow one million naira, in one year, before you know it, you will owe the bank more than that.
“I don’t see how people will go to bank to borrow at the rate of 24 per cent or 25 per cent. What kind of business will the person do in Nigeria to be able to have such profit that will clear the interest rate? It is not possible.”
Development economist, Odilim Enwegbara, said the contradictions in lending and deposit rates had left many wondering what could have been responsible for this anomaly.
He said, “From the available figures, interest rates have ‘crashed’ to an all-time low. Surprisingly, the lending rates are still unbelievably dangerously high.
“What this anomaly is showing is that CBN can’t continue to artificially peg its monetary policy rates.
“It cannot also continue to artificially determine the value of the naira simply because of its so-called monetary policy tightening that is blind inflation fighting-driven.”
He added, “Is it not time we told our commercial banks the hard truth, which is, that their long-term survival does not lie in lending to importers of finished products who only share their huge profits with them?
"It is by supporting local producers of these goods and in doing so, help grow the real sector of the economy with jobs created that they will eventually and sustainably grow their profits.”
According to CBN’s monthly economic report in November, short-term money market rates traded below the Monetary Policy Rate of 13.50 per cent in the major parts of the review period.
Provisional data indicated that movements in banks’ deposit rates were mixed, while lending rates trended upwards in November 2019.
The weighted average prime lending and maximum lending rates rose by 0.04 percentage point and 0.44 percentage point to 15.11 per cent and 31 per cent respectively, in November 2019.
Consequently, the spread between the average-term deposit and the maximum lending rates widened by 0.4 percentage point to 22.72 percentage points at end- November 2019.
Similarly, the spread between the average savings deposit and maximum lending rates widened by 0.8 percentage point to 27.43 percentage points at end-November 2019.
Punch
Federal Government, yesterday, assured that it had the requisite equipment and capacity to test for coronavirus and prevent the spread of the deadly disease in the country.
Spokesperson of Federal Ministry of Health, Mr Enefaa Bob-Manuel, in a statement said the in-country capacity was made possible through the help of World Health Organisation (WHO) as part of efforts to prepare the country to swiftly respond to the coronavirus if it finds its way into Nigeria.
Minister of Health, Mr Osagie Ehanire, thanked WHO for the support and said the intervention will go a long way in getting Nigeria ready to respond to any eventuality regarding coronavirus or other related epidemics.
This comes as the Federal Government has advised intending travellers from Nigeria to China to halt their visits pending the effective containment of the coronavirus that has ravaged the country.
Spokesperson for Ministry of Foreign Affairs, Mr Ferdinand Nwonye, in a statement in Abuja, yesterday, assured of the government’s commitment to the safety and security of Nigerians living in China.
Nwoye called on Nigerians living in Wuhan to keep indoors while the epidemic lasts. “Federal Government in collaboration with the Embassy of Nigeria in People’s Republic of China is committed to ensuring the safety of Nigerians living in China, following the outbreak of coronavirus.
The ministry calls on the Nigerian community to be more vigilant and abide by all public health announcements and instructions issued from time to time by various Chinese authorities to prevent themselves from the current scourge.
“Specifically, Nigerians in Wuhan are strongly advised to keep indoors while restricting their movements and to take all necessary precautions and strictly adhere to all medical precautions and instructions issued by Wuhan,” Nwoye said.
He stated further that the government would continue to closely monitor the situation and keep Nigerians updated as necessary.
Nwonye urged Nigerians to maintain regular contact with the Embassy and to apprise the Embassy of any developments as they unfold.
Meanwhile, President Muhammadu Buhari has assured President Xi Jinping and citizens of People’s Republic of China that Nigeria is with them as they battle to stem the scourge of the coronavirus.
Spokesman for the President, Mr Garba Shehu, in a statement, yesterday, quoted Mr Buhari as describing China’s efforts to contain the spread of coronavirus as exemplary, as well as its collaboration with international agencies and other countries on the matter.
Buhari noted that China had been supportive of Nigeria and Africa and assured that Nigeria and her citizens are also standing by them in their time of difficulties.
“With all the efforts being put in, we know that it is only a matter of time before this nightmare passes,” Buhari said.
The President also thanked Nigerians, “for their hospitality towards the Chinese nationals, in our midst, and for not letting the coronavirus outbreak create any disturbance or disrupt the peaceful coexistence between us and them.”
He prayed that God would comfort the Chinese and others who have lost family members and loved ones to the disease.
Sun
As the ban on Okada and tricycles takes effect in Lagos on Saturday, many trailer loads of motorcycles have been shipped out of the state.
It was observed early Saturday that many riders who hailed from Northern part of the country shipped their motorcycles in different trailers.
No fewer than seven trailers loaded with motorcycles were sighted by our correspondent along Lagos-Ibadan expressway leaving Lagos.
It was learnt that some of the Okada riders left Lagos to join trailers heading to the North from Ogere in Ogun state.
At Ogere in Ogun state, at least five trailers of Okadas were counted by our correspondent while some of the riders were seen attaching bike on other trailers and tankers. Some of them who spoke with our correspondent said they were going to their respective states in the North because of the ban on motorcycles and Tricycles by Lagos state government.
One of them who identifies himself as Umaru from Kano State loaded his motorcycle with his baggage, saying he is heading back to his state.
Others also confirmed that because of the ban which took effect yesterday, they have been forced to relocate to their respective states in the Northern part of the country.
There was a drama at Ogere when one of the Chairmen of Okada Association who identified himself as Fatai Jamiu from Kosofe came in search of his motorcycles given to a rider on “hire purchase.”
He confirmed that most of the riders mobilized themselves and arrived Ogere as early as midnight enroute the Northern part of the country.
"But we were surprised because some parts in Kosofe were not affected by the ban. They just mobilized themselves and left Lagos in droves.”
With the planned enforcement of the ban beginning from Saturday morning, many roads and highways in the state were free from motorcycles and tricycles.
Also tricycles were off the roads at the popular Acme, Ogunnusi, Adeniyi Jones Roads while some residents were seen trekking to their destinations.
Also, many bus stops were filled with passengers waiting for commercial vehicles.
Daily Trust