Posts Tagged ‘Buhari’

Citizens are hungry , FG spent N30.5bn on COVID-19 in four months

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The Federal Government says it spent N30.5 billion on efforts to curtail COVID-19 between April and July this year.

The Accountant General of the Federation, Ahmed Idris, who disclosed this, said the amount represented 84 per cent of the N36.3bn public funds and donations received by the Federal Government to tackle the pandemic.

He said there was a balance of N5.9 billion.

Idris said this in response to a Freedom of Information request jointly made by Socio-Economic Rights and Accountability Project; and Connected Development.

SERAP’s Deputy Director, Kolawole Oludare, said in a statement on Sunday that Idris, in his undated response, also indicated that “the Presidential Task Force on COVID-19 spent N22 billion; while 36 states spent N7 billion on COVID-19.”

Idris, according to the statement, added that the Nigerian Air Force spent N877 million on the deployment of assets in support of COVID-19 operations; the police spent N500 million on personal protective equipment; while N17,865.09 was paid as bank charges.

While commending Idris for honouring the FoI request, SERAP and CODE, however, urged him to respond to other information requested in the FoI letter, including the specific projects on which the Presidential Task Force on COVID-19 spent N22bn and the list of Nigerians who benefitted from the projects.

The groups said, “It is refreshing to note that 115 ordinary Nigerians donated between N1 and N100 to support the authorities’ efforts to fight COVID-19, despite the fact that it is the country’s poorest and most disadvantaged sectors of the population that continue to bear the brunt of the COVID-19 pandemic.

“Of the N36.3 billion public funds and donations received, N1.4 billion came from Nigerians and companies through accounts at the First Bank; Access Bank; GTB, Zenith, and UBA, while N536 million donations were made through the Central Bank of Nigeria. The N536 million donations comprise of N89 million and N279 million from the Senate and House of Representatives, respectively.

“In addition, China General Chambers of Commerce in Nigeria donated N48 million; the Petroleum Equalisation Management Board gave N50 million while the Nigerian Content Development and Monitoring Board donated N70 million.

“We would be grateful if the requested details and additional information are provided to us within seven days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP and CODE shall take all appropriate legal actions under the Freedom of Information Act and the African Charter on Human and Peoples’ Rights to compel you to comply with our request.”

Only Buhari can look Obasanjo in the eye and survive it – Adesina

 

IMG-20200904-WA0059Femi Adesina, Special Adviser on Media and Publicity to the President, Major General Muhammadu Buhari (retd.), says only his principal has enough confidence to confront former President Olusegun Obasanjo, tell him his honest opinion on things “and survive it”.

Obasanjo and Buhari have a few things in common. Obasanjo was Nigeria’s military head of state between February 13, 1976, and September 30, 1979. He later became a civilian President from May 29, 1999, to May 29, 2007. Buhari also ruled as military head of state from December 31, 1983, to August 27, 1985, before returning as a democratically elected leader on May 29, 2015.

Adesina, in a piece titled, ‘Buhari Applause For Akinwumi Adesina’, compared Obasanjo to “America and some other world powers”, adding that “you have every right to shiver in the broiling sun” when they come after you.

But the President’s spokesperson, in the piece published on his website on Friday, said, “President Buhari stood against the wishes of America on AfDB Presidency” and supported the re-election bid of African Development Bank President, Akinwumi Adesina.

The PUNCH had earlier reported that the African banking institution and its President were in the eye of the storm earlier this year over allegations of impropriety levelled against Akinwumi Adesina by some whistleblowers working in the bank.

However, the 60-year-old former Nigerian minister of Agriculture, who became the first Nigerian to helm the AfDB in 2015, had insisted he was “innocent” of the charges.

The bank’s Ethics’ Committee, which first investigated the allegations, gave him a clean bill that was accepted by the Board of Governors but the United States outrightly rejected the report and demanded a fresh probe by an independent body.

The independent panel headed by former Irish President, Mary Robinson, also cleared all allegations levelled against the AfDB President.

Akinwumi Adesina was then sworn in on September 01, 2020, for another five-year term after getting a 100 percent vote of all regional and non-regional members of the Bank.

Commenting on the development, Buhari’s spokesperson wrote, “The strife is o’er, the battle done. But it was by no means easy. It took so much: tact, diplomacy, guts, deft footworks, prayers, yes, prayers, and so many other things.

“But today, we can noise it all around. Dr Akinwumi Adesina is now elected for another five-year term as President of the African Development Bank.

“If America and some other world powers come after you, you have every right to shiver in the broiling sun. It’s like Chief Olusegun Obasanjo telling you to dismount from the horse of leadership in Nigeria. Only a Muhammadu Buhari can look him straight in the eyes, and say; No sir. And survive it.”

Quoting Buhari’s reaction to Akinwumi Adesina’s victory, the President’s spokesperson said, “He (Adesina) deserves it (re-election as AfDB president).”

He, however, noted that Buhari would not have supported the AfDB President if “Adesina had peradventure been tainted with the slightest whiff of corruption or any other unethical act.”

Trending : Police take over Edo Assembly complex

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It has been reported that Police operatives have taken over Edo House of Assembly complex in Benin City. Dozens of the security officials stormed the complex while patrol vehicles were stationed around the area.

This comes a day after members of the House impeached the Deputy Speaker of the House, Yekini Idiaye. His impeachment came days after he declared his support for the APC governorship candidate, Osagie Ize-Iyamu.
According to reports, the move was to forestall an alleged planned attack on the facility.

Deputy Commissioner of Police (Operations), Ayoola Ajala, led the operation, which is ongoing.C6415447-E851-4459-B780-627018DE885BF5529204-6AAB-4850-8164-4693444CB586

NDDC Money embezzlement: Akpabio lists Nicholas Mutu, Senator Peter Nwaoboshi, Senator Matthew Urhoghide Others amongst those that collected money

NDDC Money embezzlement: Akpabio lists Nicholas Mutu, Senator Peter Nwaoboshi, Senator Matthew Urhoghide
Others amongst those that collected money

Fujiipop reports have it that Minister of Niger Delta Affairs, Godswill Akpabio, has linked some members of the National Assembly to some contracts awarded by the Niger Delta Development Commission.

Akpabio, however, did not state if the lawmakers were directly awarded the contracts or they nominated the projects under their Zonal Intervention Projects, also known as constituency projects.

The former Chairman, House of Representatives Committee on the NDDC, Mr Nicholas Mutu, who represents the Bomadi/Patani Federal Constituency of Delta State, is among those linked by the minister with contracts.

The minister listed Mutu’s name against 74 projects, including various emergency road projects in Delta, Akwa Ibom, Bayelsa and Rivers states.

The Economic and Financial Crimes Commission had on February 3, 2020, arraigned Mutu before Justice Folashade Giwa-Ogunbanjo of the Federal High Court in Abuja for alleged abuse of office and fraud involving about N320m.

Akpabio also linked the Chairman of the Senate Committee on Niger Delta Affairs, Senator Peter Nwaoboshi (Delta-North), with 53 projects, which included emergency repairs of Asue Street, Owa Phase 2; ldumuogbe Road via Ojemaye; Otolokpo College Road, Otolokpo; and the Police lshu Ani Ukwu Road, Issele Uku.

Other lawmakers that Akpabio listed projects against are Senator Matthew Urhoghide (Edo-South), six; James Ma5f199d11a4d78nager (Delta-South), six; Samuel Anyanwu (Imo-West, 8th Senate), 19; and others simplyNDDC Money embezzlement: Akpabio lists Nicholas Mutu, Senator Peter Nwaoboshi, Senator Matthew Urhoghide
Others amongst those that collected money identified as Ondo and Edo Reps.

The minister, however, did not provide the cost of the projects listed against the lawmakers’ names, while the cost of contracts given to non-lawmakers had costs of various projects attached to them.

Garba Shehu’s memory has failed him, we rejected the request for Sowore to beg Buhari – Falana

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Femi Falana, a senior advocate of Nigeria (SAN) and counsel to Omoyele Sowore, has fired back at presidential spokesperson Garba Shehu for saying his client lied about the mission of a delegation led by the late Ismaila Isa Funtua, an ally of the president who visited him while in custody of the Department of State Services (DSS).

Falana who accused Shehu of attempting to distort the proceedings of the meetings, recalled how he and other patriots teamed up in 2006 to campaign for the release of Shehu, who was the spokesperson of former Vice-President Atiku Abukakar at that time.

According to him, the presidential spokesperson was detained by the DSS State and charged with the offence of  “obtaining, reproducing and keeping classified material” in contravention of the official secrets act.

He said;

“Mr Garba Shehu has continued to give the highly erroneous impression that the deal struck with the captive was frustrated by his lawyer. Since Mr Shehu’s memory failed him in his jejune narrative, he said that the meeting ended well and contrary to the posturing by Sowore, he said he was happy with a resolution proposed but that his lawyer, whoever that was, needed to come on board.

“Mr Shehu ought to have published the terms of the “resolution” which he claimed that Sowore had accepted instead of of blaming the collapse of the “fence-mending process” on the intransigence of his lawyer “whoever that was (sic)”.

“I confirm that I held a meeting with the trio referred to by Mr Shehu even though he did not mention my name. Hence, I am compelled to react to a couple of issues raised in his incendiary account. More so that he did not attend the Lagos meeting. For reasons best known to Mr Shehu, he refused to inform the Nigerian people that I rejected the gratuitous request to prevail on Mr Sowore to apologise to President Muhammadu Buhari and write an undertaking to desist from further embarrassing the federal government. Apart from insisting that my client had committed no offence by exercising his freedom of expression over the perilous state of the nation.

“I expressed my personal agony over the request because I won the legal battle wherein the Court of Appeal had upheld the fundamental right of the Nigerian people to protest against the government without police permit. Mr Shehu ought to have equally disclosed that I demanded for the unconditional release of my client from the unlawful incarceration of the State Security Service. In fact, when the late Alhaji Isa Funtua said rather condescendingly at the Lagos meeting that the regime in power could not be defeated I was quick to remind him that the Nigerian people had defeated military dictators to pave way for the current civilian dispensation.

“In particular, I recalled the case of Isa Funtua vs The President wherein the plaintiff had challenged the obnoxious newspaper registration decree enacted by the Ibrahim Babangida junta in 1993. For goodness sake, is Mr Shehu not aware of the fact that Mr Sowore was charged with treasonable felony, money laundering and insulting President Buhari for daring to call off the bluff of the federal government?

“It is interesting to note I had teamed up with other patriots in 2006 to campaign for the restoration of the liberty of Mr Garba Shehu (who was then the spokesman for Alhaji Atiku Abubakar) when he was detained by the State Security Service and charged before the Federal High Court with the offence of “obtaining, reproducing and keeping classified material” in contravention of the Official Secrets Act.

“Happily, the charge filed against Mr Shehu by the forces of incipient fascism in the country was withdrawn and struck out in his favour. In like manner, the charge of treasonable felony which is hanging menacingly on the head of Mr Omoyele Sowore like a sword of Damocles will also be struck out in his favour in the fullness of time.”

President Buhari must change Akpabio

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Professor Itse Sagay, the chairman of the Presidential Advisory Council Against Corruption PACAC, has advised President Buhari to sack the Minister of the Niger Delta Ministry, Godswill Akpabio, following the startling revelations of financial recklessness in the Niger Delta Development Commission NDDC at the House of Representatives investigative panel.

Speaking in an interview with Channels TV, Sagay said

”If I were the President, if I were in his shoes, and if I was to advice him, I would say dissolve this interimcommittee, remove the Minister of the Niger Delta because he is neck deep in it and bring in fresh people, probably people who have been properly nominated and then institute a very strict system of monitoring expenditure”

On the House of Representatives decision to compel Akpabio to release the names of the lawmakers he said have benefitted from contracts from the commission, Sagay said.

”I think it is a very healthy development. The suspicions have been strong for a long time that many lawmakers are not satisfied with their own and they want to do business with government and that they use their influence to acquire contracts in areas they are supposed to be providing supervisions for.

The suspicion has been on for a very long time and some names have been mentioned in the past and they denied. So I think this is a very good opportunity for that issue to be finally settled.

Fidelity Bank Appoints Onyeali-Ikpe MD-Designate As Okonkwo Retires

The Board of directors of Fidelity Bank Plc, has announced the impending retirement of Mr. Nnamdi Okonkwo, it’s managing director/ chief executive officer and also approved the appointment of Mrs. Nneka Onyeali-Ikpe, as new managing director cum chief executive officer.

According to a statement by the lender on Monday, Onyeali-Ikpe, will take over from Okonkwo whose tenure ends on December 31, 2020, in line with the bank’s governance policies.

The bank also approved the appointment of Mr. Kevin Ugwuoke, the current Chief Risk Officer of the Bank, as Executive Director, Chief Risk Officer, subject to the approval of the Central Bank of Nigeria.

Read the full statement below:

The Board of Directors of Fidelity Bank Plc wishes to announce the impending retirement of Mr. Nnamdi J. Okonkwo, the Managing Director/Chief Executive Officer (MD/CEO) of Fidelity Bank Plc. He will be stepping down from the Board of Directors of the Bank, with effect from December 31, 2020, upon completion of his contract tenure, in line with the bank’s governance policies.

In compliance with the succession policy of the Bank, the Board has approved the appointment of Mrs. Nneka Onyeali-Ikpe, the current Executive Director, Lagos and South West Directorate as the MD/CEO Designate. The approval of the Central Bank of Nigeria(CBN) has been obtained for the appointment.

The Board has also approved the appointment of Mr. Kevin Ugwuoke, the current Chief Risk Officer of the Bank, as Executive Director, Chief Risk Officer, subject to the approval of the CBN.

“To ensure a smooth and successful transition, Nnamdi Okonkwo will continue in his role as the MD/CEO until December 31, 2020, while Nneka Onyeali-Ikpe will assume office as the substantive MD/CEO by January 1, 2021” said Chairman Board of Directors of Fidelity Bank Mr. Ernest Ebi.

He commended the MD/CEO for his significant contributions to the growth and development of the bank. “Fidelity Bank has enjoyed a very stable leadership since inception. These appointments underscore the bank’s robust human capital capabilities, governance and succession policies. We thank Nnamdi not only for his sterling performance but also for nurturing the new team and current crop of leaders to continue to steer the bank on its growth trajectory” he stated.

Mr. Nnamdi Okonkwo was appointed to the Board of Fidelity Bank in April 2012 as an Executive Director and was subsequently appointed the MD/CEO on January 01, 2014. He implemented a Digital-led Strategy which led to significant growth across key performance matrix and increased market share, with the Bank currently ranked 6th amongst Nigerian Banks on most performance indices. Some of his key achievements include PBT growth of 236% from N9.0bn to N30.4bn; RoE increase from 5.5% to 13.3%; Customer Deposits growth of 68% from N806.3bn to N1,352.3bn and Savings Deposit growth of 275% from N83.3bn to N312.1bn.

Other notable achievements include Net Loans and Advances growth of 174% from N426.1bn to N1,165.8bn; Customer Base increase by 121% from 2.4 million to 5.3 million and Digital Banking penetration improvement from 1.0% to 50.1%, accounting for 28.4% of total fee income. In addition, the Bank successfully accessed the local and international markets through the issuance of N30bn Corporate Bonds in 2015 and $400million Eurobonds in 2017 under his leadership.

Mrs. Onyeali-Ikpe was appointed to the Board of Fidelity Bank in 2015 as an Executive Director and currently oversees the Lagos and Southwest Directorate. She led the transformation of the Directorate to profitability and sustained its impressive year-on-year growth across key performance metrics. Nneka has been an integral part of the current management team, responsible for the remarkable increase in the Bank’s performance in the last 5 years, with the area under her direct responsibility, contributing over 28% of the Bank’s PBT, Deposits and Loans.

Nneka has over 30 years of experience across various banks including Standard Chartered Bank Plc, Zenith Bank Plc and Citizens International Bank/Enterprise Bank, where she held several management positions in Legal, Treasury, Investment Banking, Retail/Commercial Banking and Corporate Banking. As an Executive Director at legacy Enterprise Bank Plc, she received formal commendation from the Asset Management Corporation of Nigeria (AMCON), as a member of the management team, that successfully turned around Enterprise Bank Plc.

She holds Bachelor of Laws (LLB) degree from the University of Nigeria, Nsukka; a Master of Laws (LLM) degree from Kings College, London and has attended executive training programs at notable global institutions including; Harvard Business School; The Wharton School University of Pennsylvania; INSEAD School of Business; Chicago Booth School of Business; London Business School and IMD amongst others.

Kevin Ugwuoke joined Fidelity Bank in 2015 as General Manager, Chief Risk Officer. Under his supervision, the Bank’s Total Loan Book has grown by a Compound Annual Growth Rate (CAGR) of 17% from N559.1bn to N1,218.9bn with Cost of Risk averaging 0.7% within the period and Non-Performing Loans Ratio below the regulatory threshold at 4.8% in Q1 2020.He has over 29 years of banking experience across various banks namely Citi Bank, Access Bank Plc, United Bank for Africa Plc and legacy Mainstreet Bank Limited, where he worked in various capacities in Banking Operations, Commercial Banking, Corporate Banking and Risk Management. Prior to joining Fidelity Bank, he was Chief Risk Officer at United Bank for Africa Plc and Mainstreet Bank Limited.

Kevin holds a First Class Honors degree in Civil Engineering from the University of Nigeria, Nsukka and a Post Graduate Diploma in Management from Edinburgh Business School of Herriot-Watt University. He has attended several executive trainings at Harvard Business School and other world-class institutions of learning.

Arotile: Main reason Police is ready to take over case, may charge suspect with manslaughter

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Arotile: Main reason Police is ready to take over case, may charge suspect with manslaughter

Tolulope Arotile’s sudden death is still very surprising.
The Nigerian Air Force has said it will hand over the driver and two other occupants of the Kia Sorento SUV which killed Nigeria’s first female combat pilot, Flying Officer Tolulope Arotile, to the police for investigation and prosecution.

The NAF disclosed that the suspects – Mr Nehemiah Adejoh, Mr Igbekele Folorunsho and Mr Festus Gbayegun – all former schoolmates of the deceased at the Air Force Secondary School (now Air Force Comprehensive School) Kaduna, were still in custody.

Information learnt that after investigations, the culpable person among the suspects would face manslaughter charges.

Disclosing the details of the preliminary investigation to journalists at the NAF Headquarters in Abuja on Sunday, the Director of Public Relations and Information, Nigerian Air Force, Air Comm. Ibikunle Daramola, said the service would work with the police to prefer appropriate
charges against the culpable persons among the vehicle occupants.

Arotile, 24, was knocked down by the suspects at the NAF base in Kaduna last Tuesday.

Following Arotile’s death, her family, groups including the Yoruba socio-political group, Afenifere, had called for an investigation into her death.

Afenifere, which spoke through its spokesman, rejected the freak accident, which the Air Force said caused her death.

But on Sunday, the Air Force gave more insights into the accident. It said the driver, Adejoh was reversing the Kia Sorento SUV when it hit Arotile who fell and hit her head on the tarmac. The car also ran over parts of her body after knocking her down.

Magu Problems worsen, house in Dubai unveiled

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The suspended acting Chairman of the Economic and Financial Crimes Commission, Ibrahim Magu’s problems worsened on Wednesday as the presidential panel investigating corruption allegations against him shifted its focus to properties he allegedly acquired in Dubai, the United Arab Emirates.

The suspended EFCC boss, who has been in the police custody since his arrest on Monday, was interrogated for the third time on Wednesday.

Buhari replaces Magu with Bala as EFCC boss

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The FCT Commissioner of Police, Bala Ciroma has been appointed to replace the suspended Ibrahim Magu as the new Acting Chairman of the Economic and Financial Crimes Commission (EFCC).

Bala was the former FCT Commissioner of Police .

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