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A former Minister of State for Defence, Musiliu Obanikoro, Wednesday, told Justice Nnamdi Dimgba of the Federal High Court, Abuja, that N1.219 billion cash was airlifted to the former Ekiti state governor, Ayodele Fayose, for the purpose of governorship election in the State.
According to Obanikoro, the inability of a defunct commercial bank, Diamond Bank, to disburse the colossal sums of money prompted the airlifting of N1.219 billion cash for the purpose of Fayose's governorship election in the state.
This was disclosed in a series of tweets posted on the Economic and Financial Crimes Commission's X handle (formerly Twitter) on Wednesday.
Fayose is facing trial by the EFCC, alongside his firm, Spotless Investment Limited, following their alleged involvement in N6.9 billion money laundering.
The tweet read, "When prosecution counsel, Wahab Shittu, SAN, asked him to shed light on the source of the said N1.219billion, Obanikoro replied that he did not know the source of the money and that he only got the information on the money from the former National Security Adviser, NSA, Col Sambo Dasuki (retd).
"He explained that it was the former NSA that contacted him that the said money had been paid into the account of Sylvan Mcnamara Ltd."
Obanikoro was quoted as saying, "I was a minister under Jonathan administration in 2014, sometime in 2014, we were going to have an election in Ekiti State. I was saddled with the responsibility of coordinating the activities in the election.
"Some days before the election, I got a call from Governor Fayose asking me if I received any message for him from ONSA, I can recall that prior to that, we had some activities among which was fund raising for the purpose of that election. When Mr. Fayose called, I told him I would call him later.
"I had a phone conversation with the NSA, and was told he would get back to me. After, he got back to me that N2.2billion was paid into the account of Sylvan Mcnamara Ltd.
“The money came from the NSA. I can’t vouch for the source of the funds. Only the NSA can explain the source of the fund.
"The account was created to deal with the issue of Boko Haram in Lagos, the account was created by Taiwo Kareem and was used for the purpose of disbursing funds for election.
"I put a call through to let Fayose know that the money had been paid. Diamond Bank had said it did not have the capacity to make the funds available, so we opted to airlift the funds. The funds were airlifted from Lagos in two tranches, the volume was much.
"Myself, my ADC and my security orderly were there, including a top aide of Fayose to meet Mr. Agbele, the bank manager. I instructed my orderly to escort Mr Agbele and ensure the safe delivery of the money."
When asked by the prosecuting counsel, Wahab Shittu, SAN, asked him about what the funds were meant for, Obanikoro was quoted to have stated that “it was meant for our election in Ekiti. It came from Diamond Bank. N1.219billion was moved from Diamond Bank out of the N2.2billion.”
Obanikoro further informed the court that Diamond bank in Ado Ekiti said it lacked the capacity. “We airlifted the funds from Lagos in two tranches because the aircraft could not accommodate the funds. We used two aircraft and I was in one of the aircrafts.
Justice Dimgba thereafter adjourned the matter to February 27, 2024 for continuation of trial.
Gunmen, suspected to be armed robbers on Wednesday afternoon reportedly shot dead Director of Finance and Accounts, attached to the Ogun State Governor's office at Oke-Mosan, Abeokuta, Mr. Taiwo Oyekanmi.
It was reliably gathered that Mr. Oyekanmi was gunned down on top of NNPC Bridge, along Oke-Mosan road, while returning from bank where he had gone to make withdrawals.
He was said to have been rushed to the State Hospital, Ijaye, Abeokuta, where he was pronounced dead.
Two top civil servants at the Governor's Office in Abeokuta, who spoke with newsmen under the condition of anonymity, said the incident has thrown the Secretariat into mourning mood.
Confirming the incident, the State Commissioner of Police, Mr. Abiodun Alamutu, said police is on the trail of the hoodlums.
Alamutu said, "This afternoon, the Accountant, the Director of Finance with driver and one other person left for Fidelity Bank to make some withdrawal. They went with an homemade bullion van. They were supposed to have a police escort, but for certain reasons, the person was permitted to travel to attend to some issues, so consequently he was not part of the movement".
"According to the story, after making the withdrawal, and on their way back to the office, they were accosted. A vehicle blocked them on top of the NNPC bridge, five occupants of the vehicle came down, shot at the Director and from their vehicle, brought out a sledge hammer to force the receptacle where the money was kept open and they left with the money".
"As at that time, there was no information, the police escort was not with the team and they sped off".
"The driver claimed to have trailed them to a point along Conference Hotel where he lost contact with them".
"The director that was shot was thereafter taken to the State Hospital, Ijaye, Abeokuta, where he eventually gave up the ghost".
"For our investigation, I have directed the Area Commander to get in touch with the bank and request for the CCTV footage which will give us insight into the vehicle in question and possibility identifying the culprits if they ever ventured to step out of the vehicle or maybe they just maintained their position in the vehicle".
"I have reached out to Lagos and everywhere in the command to block all the exits out of the state, while we are trying to identify them because they said they were five and they used hood."
The minority leader of the Ogun State House of Assembly, Lukman Olalekan Adeleye has appealed to State owned Tertiary institutions to review downward the recently hiked tuition fees and consider the plight of parents at this time, especially indigent students.
The Minority Leader, who is representing Odogbolu State Constituency raised the issue under Personal Explanation during a plenary session held at the Assembly Complex, Oke-Mosan, Abeokuta.
Adeleye who recalled the recent protest by students of the Tai Solarin College of Education(TASCE) following the announcement of increment of school fees by the management said it was normal to wade in to avoid throwing the students out of school.
He said, the increment could prevent some from furthering their education and this would in no small measures have negative effect on the State.
The Speaker of the Ogun State House of Assembly, Rt. Hon. Olakunle Oluomo acknowledging the adverse effects of the economic challenges being faced by parents, noted that it was important for the Heads of the tertiary institutions to show more compassion and empathy by allowing the new fees wear human face so as not to put the students at disadvantage.
He explained that though the institutions might have the compelling need to increase their fees to meet their pressing needs in view of the high rate of inflation but the fees should be affordable.
The Speaker then referred the issue to the house committee on education and tasked the committee on the need to invite the school heads to come and explain to the house on the reason for the increment.
The ancient town of Gbongan in Osun State, southwest Nigeria, is set to witness the conferment of chieftaincy titles on an illustrious son of the soil, Chief Reuben Adediran and his wife, Chief Mrs Idowu Adediran on November 23, 2023.
According to the official announcement, from the palace of the Olufi of Gbongan Land, HRM Oba (Dr) Adetoyese Oyeniyi Odugbemi 1, the Chieftaincy Title of Bobare of Gbonganland would be conferred on Chief Reuben Adediran, and the the title of Yeye Bobare of Gbonganland on his wife, Chief Mrs Idowu Adediran, by 10:00 am at his Palace in the Aiyedaade Local Government Area of Osun State.
Chief Reuben Adediran who was born on 14th December, 1945 into the family of Chief Samuel Adediran and Madam Racheal Adediran at Owoope Compound, Gbongan, being the Son of the First Baba Ijo of St. John's Anglican Church, Gbongan, enjoyed a humble and respectable family background.
He started his career at the then Energy Commission of Nigeria, ECN and later worked with Lever Brothers Nig Plc, before joining SCOA Nig Plc where he retired to become the Managing Director of Vassacon Ventures Ltd.
He became the president of Gbongan Progressive Union, Lagos Branch (2010-2014) during which period the annual budgeting and funds collection system improved significantly. This facilitated the building of Gbongan Recreation Centre, Remedial Programmes for the youths in Gbongan and the award of scholarship to undergraduate in Gbongan by eminent sons and daughters.
Chief Adediran is a successful Businessman, contractor and Philanthropist while his wife, Chief Mrs Adediran is currently the Head of Language Department at Ikosi, Senior High School, Ikosi, Ketu, Lagos.
Central Bank of Nigeria scrapped a meeting of its monetary policy committee for a second time since Governor Olayemi Cardoso was nominated to the post in September, raising concerns about attempts to bolster the nation’s currency that’s plunged about 42% this year and is fueling inflation.
A calendar of MPC meetings published on the central bank’s website had scheduled the next gathering for Monday and Tuesday. The “MPC is not holding” a meeting this week, Isa Abdulmumin, spokesman for the bank, said by text message on Monday. He didn’t give a date for when it would be held.
Investors have been looking to the MPC meeting for signals on how the central bank will rein in inflation that’s accelerating at the fastest pace in almost two decades. They were also anticipating an update on the overhaul of the nation’s foreign-exchange controls initiated by President Bola Tinubu in June.
Nigeria Postpones Rate Decision as Inflation Quickens
Price growth is at an almost two-decade high
“Postponing two successive meetings is not a good sign” if you want to stabilize the naira and attract investment to the country, Mosope Arubayi, an economist at IC Group said by phone from Lagos. The meeting will “enable investors to assess the direction of the new MPC board. The most important information for foreign investors is the interest rate.”
The naira was trading at a wide spread at the official market, compared with the parallel market rate because of dollar shortages. It closed 791.74 a dollar on Friday, according to Lagos-based FMDQ, which tracks the data. That compares with 1,138 naira to the dollar it traded on the streets of Lagos on Monday — a 30% spread, Abubakar Mohammed, chief executive officer of Forward Marketing Bureau de Change Ltd., which compiles the data said by phone.
A Bloomberg survey of 12 economists had forecast the central bank will raise its benchmark rate by as much as 325 basis points from 18.75%.
CBN held its last monetary policy meeting in July when it raised the benchmark by 25 basis points to curb inflation, which was 22.8% in June. The price index has since climbed to 27.3% in October, pressured by the depreciation in the local currency and a jump in fuel costs after the removal of subsidies on gasoline.
The new CBN leadership has instead signaled an intention to tighten borrowing costs and control liquidity by raising yields on short-term papers.
“While rising OMO yields are the most important signal yet of the CBN’s tightening intent, formalizing this with an MPC statement would also help reinforce the message,” said Razia Khan, chief economist for Africa and the Middle East at Standard Chartered Bank, referring to open market operations conducted by the authority.
Cardoso may give some indication of the central bank’s policy direction on Nov. 24 when he speaks at a dinner organized by the Chartered Institute of Bankers of Nigeria, Lagos-based Thisday newspapers reported on Monday, citing a statement from the industry group.
Lagos State Government under the leadership of Babajide Sanwo-Olu approved N24.5m for the renovation of the official residence of the Commissioner of Police in the state, according to a Daily Trust report.
The approval for the project executed by Omay Engineering Services Ltd was dated February 6, which was a few days before the February 25 general election.
The main opposition parties in the state accused security agencies of colluding with non-state actors to intimidate their supporters and suppress votes in some areas of the state.
This was seen in the Public Procurement awards by the state government in 2nd and 3rd quarters of 2023.
Aside the money spent on renovation, the state Ministry of Justice paid N200m to four Senior lawyers to represent Sanwo-Olu and Hamzat in pre-election matters.
The state also released N20.8m for the decoration of the venue for political delegates’ congress.
However, the money was approved on June 26, more than three months after the 2023 general elections.
N6.1m was approved in July for the provision of furniture items at the Campaign office, GRA, Ikeja. Political commentators said it is wrong for taxpayers’ money to be used to fund political activities.
The government also approved N152 million for the restoration of water supply at Iduganran palace, the official residence of the Oba of Lagos.
These revelations come at a time when Nigerians are struggling to cope with harsh economic conditions.
Sanwo-Olu and Hamzat, have come under criticism over the controversial approval amid the nationwide hardship.
In addition, Sanwo-Olu approved N44.8m for the clearing of vegetables within the Epe Mixed Development Scheme.
According to records from the state’s Public Procurement Agency (PPA), the project was awarded in May to M/S Obak Nigeria Enterprises by the Lagos State New Towns Development Authority.
Another approval by Sanwo-Olu is N7.5 million to replace liquid fragrance in his office.
Further checks revealed that some questionable spending was approved by the state government. According to the document, N73.1m was approved for the production of the official portraits of President Bola Tinubu and the state governor, Sanwo-Olu. The project which was executed by the office of the Chief of Staff was awarded to Flolizvi Connect.
Tinubu, a former governor of Lagos state, was sworn-in as President on May 29. Sanwo-Olu also started his second term tenure on the same date.
N80.8m Tokunbo vehicles; 400m on Charter plane
The office of the Chief of Staff also got approval of N80.8m on June 19 for the procurement of ten units of foreign used vehicles. The same office got approval of N440.75m for the purchase of a brand new Lexus LX 600 Bulletproof Sport Utility Vehicle.
The office also got N18.5 million for the supply and distribution of 2,000 Noiler chicken across the local government areas and wards in the state.
400m was approved for flying hour expenses on an ad-hoc charter plane.
N152 for Akiolu’s water, N581m for church renovation
The government also approved N152m for the restoration of water supply at Iduganran palace, the official residence of the Oba of Lagos.
Records also showed that the state approved N581m to renovate Saint Andrews Anglican Church in Oke-Popo area of the state.
At least 21 states of the federation owe retirees N790billion inherited pensions and gratuities, according to a Vanguard report.
While Rivers State tops the list of states with a backlog of unpaid pensions and gratuities to the tune of N119 billion, Benue State comes second with N100 billion.
Similarly, the Southwest zone ranks first with a whopping N256 billion, while the Niger Delta is closely following it with N225 billion.
It was also learned that the pensions and gratuities were accumulated by successive governments in the states. Incumbent governments now grapple with liquidating their debts.
Only Kaduna and Kebbi states are up to date in the payment of pensions and gratuities to their retirees.
About 13 states at the time of this report, could not put a figure to the amount they owed their retirees in pensions and gratuities.
Ondo — N56bn
In Ondo, the state government owes over N56 billion in pension and gratuities.
Chairman of the Nigeria Union of Pensioners, NUP, in the state, Johnson Osunyemi, said the unpaid benefits included that of local and state governments.
While local government pensioners have arrears from 2011 till date, arrears of state pensioners run from 2014 till date.
Ekiti —N40bn
Similarly, Ekiti State government owes pensioners about N40 billion in outstanding gratuities and five months of pension arrears.
Chairman of the state’s NUP, Mr. Joel Akinola, said the gratuity arrears are from 2014 till date.
Ogun — N64bn
Also, in Ogun State, the government owes N64 billion.
It was gathered that Governor Dapo Abiodun inherited N68 billion of gratuities for both state and local government retirees but had paid N4 billion, leaving a balance of N64 billion.
Secretary, Nigeria Pensioners Association, Ogun State chapter, Bola Lawal, however, said the present government has paid pension up to date.
Osun — N50bn
In the same vein, the Chairman, Osun State Contributory Pensioners, Gbenga Oyadare, said the state owed members N50 billion in pension as at 2022.
Oyo — N36bn
In Oyo State, NUP’s Secretary, Segun Abatan said: “Government was owing retirees N43 billion as at 2008.”
It was learned that Governor Seyi Makinde had paid N10 billion of the amount, in compliance with a court directive.
“N3 billion was the amount of gratuity owed retired primary school teachers and local government pensioners. He has paid from 2008 to 2014. He still has nine years to pay,” Abatan said.
Lagos — N10bn
In Lagos State, checks revealed that no fewer than 10,000 retired civil servants are yet to receive their pension rights worth over N10 billion.
However, the state government has disbursed N52 billion to pensioners in the state civil service from 2019 till date.
Recall that Babalola Obilana, Director-General, Lagos Pension Commission, LASPEC, had during the 95th Retirement Benefit Bond Certificates Presentation for Retirees in Lagos, said the commission also had about N10 billion to pay as outstanding accumulated debts for pensioners in the state.
Sources informed that there are an estimated 13,928 pensioners in the state, saying “this number covers those in the mainstream, local government, State Universal Basic Education Board, teaching service commission and other state parastatals.
“Government plans to clear the backlog of pension from 2022 till date so as to achieve the goal of ‘pay as you go’.
“Under the Defined Benefit Pension, there is a backlog from the middle of 2022 till date. Given the consistency of the payment, it is projected that by December, the backlog will be cleared.”
Rivers — N119 bn
The Rivers State Government is credited to owe pensioners in the country the highest unpaid benefit of over N119 billion, spanning between 2003 and 2023.
Officials were unwilling to speak on the debt but the chairman of the state NUP, Collins Iheanyi-Nwankwo, corroborated the report
C’River —N24 bn
Findings indicate that Cross River State owes pensioners N24 billion in gratuities.
Former Governor Liyel Imoke paid until 2012, and his successor, Ben Ayade, also paid until 2014.
The current governor, Bassey Otu, has indicated preparedness to offset the amount before the end of 2023, less than three months away.
Bayelsa — N28bn
Investigation revealed that while Bayelsa State owes over N28 billion in gratuities to retirees dating back to 2007, it is up to date in pension payments.
However, checks at the Pensions Board, Yenagoa, revealed that gratuity payment by the current administration from February 2020 to September 2023 was N14, 253,258,899.22
Akwa Ibom
There was no data on the accumulated arrears in gratuities in Akwa Ibom State, as nobody wanted to speak on it from the state government or among union leaders.
But it was gathered that the state is up to date in pensions’ payment.
State chairman of Nigeria Labour Congress, NLC, Sunny James, said: “Gratuity is still outstanding from August 2016 and they (government) are paying gradually now.
‘’Within the current administration, in the first one month, they released N1 billion for teachers, N600million for state workers.
“Last month, they released another N2 billion. This time around, the spread is NI billion to state workers, N500million to teachers and N500million to local government retirees.
A teacher in a public primary school and one of the union leaders, claimed: “Akwa Ibom State government has paid gratuities to retired teachers up to 2014 and 2018 for retired workers.”
Delta — N54bn
For Delta State, checks revealed that it owed over N54 billion pension/gratuities to retirees.
Not long ago, the state government facilitated and guaranteed a N40 billion loan on behalf of the Association of Local Government of Nigeria, ALGON, for the payment of accrued benefits of retired local government workers, primary school teachers, and staff of the Local Education Authorities.
The government runs a contributory pension scheme it entered into in 2007.
Recall, that the immediate past governor of the state, Ifeanyi Okowa, November, last year, released N5 billion for payment of pension arrears to retirees.
Benue —N100bn
In Benue, the state government is said to owe pensioners over N100 billion backlog of unpaid pensions and gratuity.
The state chairman of the Nigeria Union of Pensioners, Michael Vember, who made this known in Makurdi, said “the government owes local government pensioners 96 months arrears, while the state pensioners are being owed 36 months arrears.
“In all, we are being owed over N100 billion in pension and gratuity at both the state and local government levels.”
The chairman explained that the backlog was accumulated by successive governments in the state.
Plateau — N21 bn
Plateau State is up to date in the payment of pensions, but owes over N21 billion in gratuities and death benefits.
The State Commissioner for Information and Communication, Musa Ashoms, said: “The gratuities are owed to the tune of N21billion, we met four months’ salary arrears which totaled N11 billion but we are doing well in reducing the burden.
‘’As we speak, almost all workers have received the September salary. Only a few of them are left and we are working at clearing that.”
Head of the pensioners in the state, Ben Bello, confirmed that the pensioners’ had been paid their pensions up to date.
“Since 2009, gratuities and death benefits are being owed to the tune of N21 billion. That is for the state retirees but the local government retirees are owed as far back as 2003/2004 and this stands at about N31billion.
‘’We have collected our pensions up to September 2023 but we also want the other aspects of the payments to be looked into too,” he said.
Bauchi — N23 bn
Despite settling over N4 billion without accumulating new ones, Bauchi State still has about N23 billion outstanding pension and gratuityn to pay. They were inherited from previous administrations since 2011.
Nasarawa — N50bn
Also in Nasarawa State, both state and local government retirees are owed over N50billion of unpaid benefits. No official of government was ready to speak on the issue as efforts to get their reactions proved abortive.
Yobe — N2bn
In the same vein, Yobe State government has about N2 billion outstanding payments of gratuities to pay.
Chairman of NLC in the state, Muktar Tarbutu, said: “Government of Governor Mai Mala Buni has continued to release N100 million monthly to offset outstanding payment of gratuities in the state.
Kwara
In Kwara State, while the government is said to be up to date in pension payments, nobody could give a figure to the amount the government owed in gratuity to pensioners due to a lack of updated data.
But findings revealed that gratuity was last paid in May 2011.
Kaduna not owing
Kaduna State Government, it was gathered, is up to date in pension and gratuity payment
Katsina — N10 bn
In Katsina State, pensioners have been paid up to date, it was gathered that it owes not less than N10 billion as at May this year.
Kebbi not owing
Kebbi State is one of the two states that are up to date in pension and gratuity payments.
Despite inheriting backlog of unpaid pensions and gratuities, Atiku Bagudu would go down in the history of Kebbi State as the only governor who never owed salaries, pensions and gratuities.
Adamawa — N4bn
In Adamawa State, pensioners are owed about N4 billion in gratuity and pensions.
Officials of government claimed the backlog of the indebtedness cam from successive governments since 2012.
Taraba mum
In Taraba State, nobody was ready to speak on the unpaid entitlements of the pensioners, but a source disclosed that “the backlog of gratuities for retirees in the state dates back to 2015 and inability to capture over 1000 retirees into the monthly pension is also another challenge.”
Niger N16bn
Also in Niger State, no government official or union leader was willing to speak on the pensions and gratuities issues in the state.
However, as of May this year, the backlog of unpaid gratuities was about a billion Naira.
But last year, the state chairman of Nigeria Labour Congress, who is now the deputy governor, Yakubu Garba, declared at the Nigeria Union of Teachers state executive meeting that the state government was owing pensioners in the state a whopping N50 billion and vowed to fight through “constitutional means” for the payment to be effected.
No figure for Borno
Similarly, there was nobody to comment on the pensions and gratuities issues in Borno State.
But it is on record that due to the backlog of billions of naira gratuity owed pensioners in the state, the state governor recently announced a 100 per cent increase in monthly releases for payment of the backlog.
The payment was increased from N100 million monthly (N1.2 billion annually) to N200 million monthly which will amount to N2.4 billion.
The gratuities are lump sums paid to workers who retired from service, even as they become entitled to monthly pensions.
The government has released about N20 billion to drastically reduce the backlog.
Abia keeps mum
Abia pensioners are owed 48 months of arrears and 30 months of gratuity arrears.
Coordinator, Abia Pensioners, Emeka Okezie, who confirmed this in Umuahia, however, said the present administration of Governor Alex Otti has been paying monthly pensions since it came on board.
According to him, pensioners in the state are receiving half payment, pending the conclusion of the ongoing verification when the government said it would pay in full.
Anambra N10bn
In Anambra, the state owes N10 billion in outstanding pensions and gratuity arrears.
At the time Governor Chukwuma Soludo assumed office, the state owed about N14 billion in pensions and gratuity to its pensioners, including the local governments.
However, the new administration has been liquidating the inherited pension and gratuity.
Chairman of the state chapter of the NUP, Anthony Ugozor, said Soludo has been consistent in paying the pensioners their monthly pensions.
Apart from the amount owed before Soludo assumed office, additional pension and gratuity arrears have been accumulated.
It was, however, gathered that more than N10 billion is still outstanding. For instance, those on the queue for payment are workers who retired in 2018, while those who retired from 2022 when he became governor, have all been paid.
Enugu N30bn
In Enugu State, the figures are unclear but as at August, gratuity alone was N30 billion.
Chairman of the Trade Union Congress of Nigeria, TUC, Ben Asogwa, said: “If you are quoting figures, the figures keep varying in the sense that people keep retiring almost on a daily basis and when they retire, it means the figures will keep changing.
‘’So, even as we talk, we are working on a strategy to be able to arrive at an exact figure as at today.
“Some people may tell you it is up to N30 billion, but why I will not be specific on it is that when we talk about pension and gratuity, the one of state is different from that of the local government.
‘’We should be specific, so I would not want to start quoting figures that would not be correct. I am aware that even if the Accountant General should quote figures, he would be quoting estimated figures because we intend to do some level of verification where we’ll be certain that this is what is outstanding.
“As regards monthly pension, we have people that retired from core ministries that are up to date in terms of pension but those that retired from parastatals are not yet there, they are left behind.
‘’I don’t think anybody will be very accurate in giving a figures now because we want to check the figures in such a way that we should be able to say maybe for 2011 this is the exact figure so that at the end, we can be sure of the exact amount, but I’m sure its above N30 billion as at August 2023 for gratuity alone.
Ebonyi
Similarly, while no figure has been given as amount Ebonyi State owes in pensions and gratuities payment, the government recently approved payment of arrears of gratuity to retirees from 1996 to 2021, expending over N3.8billion.
Commissioner for Information and State Orientation, Jude Okpor, who stated this in Abakaliki, explained that the present administration was making prompt payments of gratuities and pensions to retirees in the state.
Chairman of NLC, Ebonyi State, Ogugua Egwu, confirmed that about N1.8billion has so far been paid to over 800 retirees in the state.
“I am aware that there are over 1,800 retirees who will be cleared for the exercise,’’ Egwu said.
Imo
In Imo State, there is no certainty of the amount owed, whether in pensions or gratutities.
Chairman of the state NLC, George Ofoegbu, said: “The most accurate person to do the calculations is the secretary of the congress, but he travelled out of the state. He is on leave.
“I will intimate him and request him to release the figures. You know this issue of arrears is neither here nor there because people are scattered. Anyway, let me leave it at that until I reach the secretary and get back to you about the figures.”
The state NUP chairman, Josiah Ugochukwu, said: “Ninety-five per cent of pensioners are receiving hundred per cent of pension. We appeal to Governor Hope Uzodimma to see that five per cent of pensioners, including the 2019/2020 pensioners, are accorded their due rights of receiving their pensions like their counterparts, as their hues and cries give the union sleepless night.”
The appointment of Imam Ibrahim Kashim Imam as board chairman of the Federal Roads Maintenance Agency (FERMA) has continued to generate mixed reactions from Nigerians on social media.
FERMA is the agency involved in road construction, improvement and connectivity between states. The mandate of this agency which is under the supervision of the Federal Ministry of Work, is also to monitor and administer road maintenance with the objective of keeping all federal roads in good condition.
On Friday, Ajuri Ngelale, Special Adviser to the President on Media and Publicity, announced that President Bola Tinubu had appointed the 24-year-old first-class graduate of Mechanical Engineering from Brighton University in that capacity.
The chairman, whose father is Kashim Ibrahim-Imam, is a politician, completed the National Youth Service Corps (NYSC) programme in August 2022.
While some Nigerians are praising Tinubu for the appointment, others are criticising the president across social media platforms.
According to those who disagreed with the appointment, the newly appointed board chairman lacks the experience and expertise to head a strategic organization.
The few that supported the appointment noted that the young man would learn on the job.
Below are some of such comments:
@Haslawal87 said: “Appointing a fresh graduate with no work experience to such a high position is absolutely ill-advised.”
@fine_stefany1 wrote: “He will learn on the job.”
@kennyNuga: “This appointment is not worth it. A fresh graduate to oversee the entire FERMA board. Absolutely unworthy.”
@Dipo_Bello: “This doesn’t seem right. We want young for young-appropriate roles. This role seems the type that requires a lot of experience. A board member could be more suited to him.”
@aminsaad: “Political expediency should not be a factor in making appointments where experience and even expertise could be called upon.
“Ferma is all about construction. An experienced civil engineer could make a better choice. True, the mech engr could as well marshall channel knowledge into ensuring the heavy equipment of the agency are in top shape
“Those in authority should try to make the country work by prioritizing expertise and experience. These two are essential commodities to any struggling economy like ours.”
@peng_writer opined that, “This is not as good as people make it feel. Not in any way undermining the young man but he’s not ripe for this job. Apart from the fact that he doesn’t have any experience in public work, neither has he displayed any expertise in field work as it relates to Nigeria terrain.”
@JALLO71424757: “This is an absolutely Silly appointment!.”
@adamsaleemm: “Good to see young and vibrant people occupy places of authority. Despite his inexperience, which raises ethical concerns, he could be the catalyst for the transformation we have longed for. May Allah grant him wisdom and strength to fulfill his duties.”
@AtahiruAbdulka1: “NYSC completed in 2022. Congratulations to you o. But if it’s me and another common Nigerian, they will ask us for 5 to 10 years working experience. I know that God will surely judge us all.”
On another platform, someone wrote, “His father is currently the chairman of the board of the TETFund. That’s not even the issue. Yes, it is good to appoint youths into positions of responsibility. Nonetheless, appointing a fresh graduate, with no cognate experience, into such a sensitive position is ill-advised. The truth is that Tinubu doesn’t seem to be getting it right with appointments made so far.”
On his part, All Progressives Congress (APC) chieftain, Femi Fani-Kayode, said the appointment gives hope to the younger generation.
“I am deeply inspired and encouraged by the appointment of our son Imam Ibrahim Kashim-Imam as the Chairman of FERMA. This gives hope to the younger generation and clearly shows that Nigeria rewards and utilises the talents of those that are highly qualified and that have a good pedigree. I have known Ibrahim since he was born and I can testify to his ability, excellence and brilliance. His distinguished and highly respected grandfather, Ibrahim Imam, was a great force in the politics of the First Republic, Secretary of the then ruling NPC, one of the founders and patrons of the Borno Youth Movement and a leading member of the Northern House of Assembly. His equally illustrious father, one of my oldest and dearest friends and brothers, Kashim Ibrahim-Imam, is a dogged fighter and first class politician and one of the those that contributed so much to the victory of Tinubu during the presidential election. He is also one of the most brilliant, forthright, reliable, honest, courageous and credible forces in Nigerian politics today, who served as Special Advisor and Senate Presidential Liason Officer in the Government of President Olusegun Obasanjo and who served as Chairman of TETFUND in President Muhamadu Buhari’s administration. I have little doubt that Ibrahim will follow in his grandfather’s and father’s footsteps and do exceedingly well.”
Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in the last elections, says his change of name is well documented in an affidavit deposed to over 50 years ago.
In a statement on Sunday by Paul Ibe, his spokesperson, the former vice-president said President Bola Tinubu is attempting to drag him into “his drowning arena of forgery”.
On October 10, Abubakar clarified the discrepancy in the name on his West Africa Examination Council (WAEC) certificate which has “Siddiq” on it.
The development comes amid a certificate forgery allegation against Tinubu.
Describing Tinubu as a “forger-in-chief”, Abubakar said the president “has forged and lied about every aspect of his life, including “his heritage, name and date of birth, his education and certificates, and work experience”.
“Contrary to Bola A. Tinubu’s forgery shopping allegation against Atiku, it is on record that the change of name of the former vice president reverting to Atiku Abubakar from Siddiq Abubakar is well documented in an affidavit dated 18th of August 1973, spanning over a period of 50 years, (which incidentally is as old as the commencement of Tinubu’s life of forgeries and lies), is in the public domain,” the statement reads.
“Now, let’s put Bola A. Tinubu’s life of forgeries and lies in proper perspective.
“In 1999, Tinubu lied under oath in his form CF001 which he submitted to the Independent National Electoral Commission (INEC) that he attended St Paul’s Primary School, Aroloya, Lagos; Government College Ibadan, Chicago University (CU) and Chicago State University (CSU).
“It has been established that he only attended CSU and that he secured admission into the university by impersonation.
“Through the discoveries of his records in the Chicago State University, we now know that Bola A. Tinubu forged a secondary school certificate of Government College Lagos, an HSC certificate from Cambridge University and a transcript from Richard Daley College which belongs to a female owner.
“We also know, thanks to the discoveries, that the CSU few days to graduation in 1979, notified him of outstanding (or carry-over as it is known in Nigeria) pre-qualifying examinations in English, Mathematics and Comprehension, which never appeared on his transcript to have been retaken.
“After his odyssey in falsifying educational qualifications, Bola A. Tinubu claimed in his 1999 affidavit to contest for the position of Governor of Lagos State, that he had a working experience with Arthur Anderson Accounting, Deloitte and Mobil Nigeria.”
Abubakar added that Authur Anderson and Deloitte have denied ever knowing or having any Tinubu in their employment, noting that “he has since stopped adding that to his official or public records since his exposure”.
“Curiously, handlers of this same Bola A. Tinubu have smuggled Adekunle, a middle name that magically popped up in his so-called National Youth Service Corps (NYSC) certificate into his Wikipedia on the 6th of October, 2023. This may yet be another indication of a master forger at work,” he said.
Abubakar further stated that all the names he bears “are names that are traceable to his family tree”.
“He adopted Atiku Abubakar as his official name while in the employ of the Nigeria Customs Service,” the statement added.
“Atiku’s life is an open book, and not the mystery or closed book that continues to define the life of Bola A. Tinubu.
“Conversely, Bola A Tinubu is a name that has no history nor social acquaintance until the late 1970s.
“We, therefore, urge Bola A. Tinubu and his handlers to desist from making any further attempt at comparing the career forger known as Bola A. Tinubu with an impeccable name that Atiku Abubakar has built over the years.”
Abubakar is challenging the declaration of Tinubu as the winner of the February 25 poll and the judgment of the tribunal that upheld the president’s victory on September 6.
The PDP candidate has consistently alleged that Tinubu’s educational records are fraught with discrepancies and forgeries.
His request for the US court for the northern district of Illinois to compel Chicago State University (CSU) to release Tinubu’s academic records has since been granted.
Abubakar has applied to the supreme court to file fresh evidence from his discovery of the president’s academic records against him.
.. says Nigerians are now seen as fraudsters, certificate forgers, identity thieves
Peter Obi, presidential candidate of the Labour Party (LP) in the last elections, says questions on the identity of President Bola Tinubu have further worsened Nigeria’s battered reputation in the international community.
Recently, Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP) in the last elections, subpoenaed the Chicago State University (CSU) to release Tinubu’s academic records for use in the Nigerian Supreme Court.
Abubakar is challenging the victory of Tinubu in the February 25 election and the affirmation of Tinubu by the petition tribunal as the winner of the poll.
He had argued that there were discrepancies in the certificate Tinubu submitted to the Independent National Electoral Commission (INEC) which should have rendered him ineligible to contest the election.
Abubakar addressed a press conference last week to say he would not stop asking questions about Tinubu’s academic records until the supreme court rules against him.
Addressing a press briefing of his own on Wednesday, Obi, who polled third in the presidential contest and who is also challenging the outcome of the vote at the apex court, said the controversy over Tinubu’s academic records has made foreigners to start profiling Nigerians as “fraudsters, certificate forgers or identity thieves”.
Obi said Tinubu owes the nation the simple obligation of reintroducing himself to the world.
“The entire Chicago University matter as well as Chief Bola Tinubu’s many other lingering identity question marks has further worsened Nigeria’s less-than-glorious image internationally,” he said.
“Uninformed outsiders now see every Nigerian as a fraudster, certificate forger or identity thief. The controversy is unnecessary.
“The implicit global embarrassment could have been avoided. In my opinion, Bola Tinubu should have saved the nation and himself from this protracted embarrassment and undue anxiety.
“He should let the world know his name, his nationality, his place of birth, his parentage, the primary and secondary schools he attended with dates as well as the actual universities he attended and certificates obtained.
“He should indicate clearly where and when he did his national youth service.
“In addition, if at any time he had had a change of name, he should state so clearly. That in itself is no crime.
“It does not require an affidavit, prolonged court process, spokespersons, agents or surrogates. The task is only one which Bola Tinubu himself through a direct personal statement can perform.
“With his present capacity as a leader of a nation of over 200 million Nigerians, his true identity is a matter of grave national and international interest.
“The people deserve to know with certainty the true identity of their leader and this overrides whatever right he may have to personal privacy.”
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Gunmen kidnapped four people from a house in the university town of Keffi, in Nasarawa state, police said on Tuesday.
Kidnapping for ransom is rife in Nigeria, but attacks have mostly been in the northwest region where armed men have targeted university students.
Nasarawa police spokesperson Rahman Nansel said police received a distress call at about 0155 GMT on Tuesday after armed men invaded a house in Angwan Kaare community and responded with the military, but the kidnappers had already fled with their victims.
"The Commissioner of Police has ordered a manhunt for the culprits with a view to rescue the four victims unhurt," Nansel said in a statement.
Keffi is about 70 km (43 miles) east of Abuja, the Nigerian capital.
Kidnapping for ransom is part of widespread insecurity in Nigeria. Islamist insurgents still carry out deadly attacks in the northeast, violent clashes between herders and farmers continue to claim lives in the central region, and separatists attack security forces in the southeast.
Nigeria’s growth forecast has been reduced from 3.3 percent to 2.9 percent in 2023 and 3.1 in 2024 respectively, with negative effects of high inflation on consumption taking hold.
The cut is contained in the World Economic Outlook released at the Annual Meeting of the IMF/World in Marrakesh, Morocco on Tuesday.
The growth forecast for 2023 is revised downward by 0.3 percentage points, reflecting weaker oil and gas production than expected, partially due to maintenance work.
The World Bank had cut Nigeria’s 2022 growth forecast to 3.1% from a previous forecast of 3.8% in 2022.
In its last Nigeria Development Update (NDU), launched in Abuja, the bank said that the country had to make hard choices or face a worse economic downturn in the months and years ahead.
Since the Swearing of President Bola Tinubu on May 29, he has removed fuel subsidy and floated the exchange rate in line with the age-long recommendation of the IMF and World Bank.
A development that has seen the rate tumble to over N1000 to the dollar, and the energy prices increase by four folds from N144 to N620, impacting an already worsening inflation scenario.
The baseline forecast is for global growth to slow from 3.5 percent in 2022 to 3.0 percent in 2023 and 2.9 percent in 2024, well below the historical (2000–19) average of 3.8 percent.
Advanced economies are expected to slow from 2.6 percent in 2022 to 1.5 percent in 2023 and 1.4 percent in 2024 as policy tightening starts to bite.
Emerging market and developing economies are projected to have a modest decline in growth from 4.1 percent in 2022 to 4.0 percent in both 2023 and 2024. Global inflation is forecast to decline steadily, from 8.7 percent in 2022 to 6.9 percent in 2023 and 5.8 percent in 2024, due to tighter monetary policy aided by lower international commodity prices.
Government at all tiers and private organisations in Nigeria have been urged to pay more attention to the development of the girl child by investing in them, especially as it concerns education.
The Adekunle Soyombo foundation, ASF gave this admonition while speaking in commemoration of this year's international day of the girl child.
Speaking through its chairman, Mr Adekunle Soyombo, the foundation said this year's theme, "Invest in Girls' Rights: Our Leadership, Our Well-being", means so well looking at the pivotal roles played by women in the society.
According to him, "the roles of women as wives, mothers and children can not be underestimated as they have proved at all times as the backbone of ever family unit, that they can cope at any level even with their domestic roles as wives and mothers".
"Our country must invest in them and protect their rights to create great leadership in them. Any nation who protects it's girl child no doubt is protecting its society," he said.
Mr Soyombo advised that educating the female child must be taken seriously, while laws must be enacted to protect female against violenc, incidents of rape and other vices.
He also promised to continue to use the ASF to support and protect the interests of the female child in the society.
The inability of Central Bank of Nigeria (CBN) to meet foreign exchange (FX) obligations may result in a decline in imports, PwC Nigeria says in its bi-monthly economic outlook for the country.
In the October report, titled, ‘Impact of Global Economic Trends on Nigeria’s Foreign Exchange and the Way Forward’, PwC said the unsettled $7 billion FX obligations of the CBN to banks will affect the confidence of foreign suppliers as regards letters of credit.
“Foreign suppliers may not accept letters of credit amid unsettled $7 billion FX obligations to domestic lenders,” the firm said.
“This may lead to less imports of the much-needed inputs and goods for manufacturing and retail/wholesale trade which may heighten inflationary pressures and negatively impact.”
According to the National Bureau of Statistics (NBS), in the first half of 2023, total imports rose slightly by 3.05 percent, compared to exports, which saw a sharp increase of 8.16 percent.
Commenting on the impact of the backlog on consumers, PwC said “the unsettled FX backlogs may lead to scarcity of goods and inputs for manufacturing and trade leading to further increase in prices”.
Also, PwC said the lack of forward guidance on FX policy and the unsettled backlog of FX obligations may continue to impact the sentiment of investors, who may adopt a “wait-and-see approach”.
The multinational said FX inflow may also decline due to an increase in the monetary policy rates of global central banks, which may lead to capital reallocation from Nigeria’s financial market to other markets with more attractive yields on investment.
“Capital reallocation from Nigeria’s economy may continue to impact foreign investment flows in the short to medium term,” PwC said.
PwC said the FX scarcity will persist in the short term despite the policies implemented by the CBN to improve accessibility, such as the reintroduction of Bureau De Change (BDC) and the adoption of the FX price verification system.