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Soludo’s Call For Relocation Of Investment To Anambra Stirs Controversy

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A few days ago, Anambra State governor, Prof Chukwuma Soludo went on an investment drive in Lagos.

During a town hall meeting with Anambra people resident in the state, Soludo advised them to consider relocating their investments back home, as part of the think home philosophy.

Soludo told them that Anambra State was ready for business and investments, adding that investing in the state would be in their own best interest.

The Governor went further to state some of the achievements of his young administration, and his plans to develop the state, and how all hands must be on deck for that to be achieved.

He enjoined them to reflect deeply on it and do everything possible to contribute to the growth of the state.

“This is the same question I ask myself everyday. And we have a responsibility to leave Anambra State better than we met it. Your host (Lagos) will never respect you if you don’t have a livable and prosperous homeland,” Governor Soludo reiterated.

Just days after the call, two Anambra indigenes, a comedian, I Go Tuk, who is also known as Ogbuefi Main Market and a Radio personality, Ifeanyi Orakwue, also known as Huge Man, made podcasts, berating the governor for such a call.

Ogbuefi Main Market in his podcast berated Soludo for the bad roads in the state, saying that if Soludo must think of advising Anambra people in Lagos to return home, he must first fix the bad roads in the state, as investors will need roads to come into the state, and move their wares about.

On his part, Orakwue decried the level of insecurity in the state, saying that any state that cannot ensure the security of people and businesses had no right to call for investments.

He went further to narrate that nightlife in Anambra has died totally because of insecurity.

Mentioning streets in Onitsha where he lives, Orakwue said he recently had a need to rush his daughter to hospital one evening at about 6 pm, but he was surprised that after he left the hospital and drove home, all the streets were already totally empty, while shops had closed.

He said even in his estate at 3-3, Nkwelle Ezunaka where soldiers were in charge of security, he got back at about 7 pm to find that the gate had been shut.

He said his enquiry showed that the decision was because of the level of insecurity in the town, adding that as early as 6 pm, businesses in the commercial city of Onitsha had closed, and queried if that was the kind of place Soludo wanted Anambra indigenes who are enjoying the beautiful atmosphere that Lagos offered, to leave and return home.

Both Ogbuefi Main Market and Orakwue concluded their podcast by advising Anambra people not to listen to the governor, or heed his advice, but to continue to do their businesses in Lagos, pending when Soludo would fix Anambra State, and make it ready to receive the level of investment Soludo was seeking.

The reaction of both men to the call by the governor have in the past one week generated controversies, with many berating them for demarketing the state, while some others have sided with them, claiming that their stand was in order.

Reacting to the call by both men, Mr Ejimofor Opara, the media and publicity secretary of All Progressives Grand Alliance (APGA), in a podcast on Facebook, which was made to counter those by Orakwue and Ogbuefi Main Market, said that there was no society that was entirely devoid of crime, noting that even Lagos has its fair share of it, yet Anambra indigenes have continued to invest in the state.

Reacting to Ogbuefi Main Market, particularly, Opara said he was recently in Lagos, and took out time to visit many areas where Igbo indigenes were living in squalid areas that didn’t have roads and were mostly flooded, yet they managed to reside in the place.

He wondered why anyone would de-market Anambra on the grounds of roads.

Also, the Chief Press Secretary to the Governor, Mr Chris Aburime came down hard on both Orakwue and Ogbuefi, claiming that Soludo’s visit to Lagos was a serious business that should not be reduced to the level of comedy.

He said: “This wasn’t a jamboree, but serious business. The mission was simple and unambiguous.

“He came to Lagos to seek partners in progress in the quest to build a prosperous, livable and secured Anambra State that all can be proud of.

“At least, if it is true that heavens help those who first help themselves, Anambra’s own sons and daughters must be sought out first as investors to join hands with the governor in the task of state building.

“Beyond political pandering, Governor Soludo is a leader in a hurry to transform Anambra State for good and leave it better than he met it.

“He has no luxury of time to waste. So, he would stop at nothing to enlist support wherever it could be found.”

On the other hand, there are some indigenes of the state, who saw nothing wrong in the what Orakwue and Ogbuefi said, claiming that the level of insecurity in the state was high and needed to be attended to, despite Soludo’s claims of having whittled it down drastically.

Mr Ifeanyi Okolo, a businessman and commentator on public affairs said: “This noise they are making and abusing Ogbuefi Main Market, can they dispute that roads in Anambra are not bad? What the two men gave are advice that the state government should take and try to work on, to make the state better.

“In the case of Orakwue, he gave an account of how he took his child to hospital and how all the shops had closed at 7 pm because of insecurity.

“So, do you expect that he should tell lies to please the state government and claim that people stay out until midnight, when that is false? They should rather work with the advice of both men.”

Meanwhile, Governor Soludo doesn’t seem to be oblivious of the problems enumerated by both Orakwue and Ogbuefi.

He had assured that even though he had done more in the area of insecurity and road construction, more would be done.

Speaking to Anambra State stakeholders in Lagos, Soludo said: “On the chaotic nature of Onitsha, my government is determined to resurrect Onitsha by returning it to its former glory as the biggest commercial city in the South-East and beyond.

“Concerning security-related issues, my administration has drastically reduced the menace of killings and kidnapping to the barest minimum with the security architecture put in place by his government.

“I commend security forces: the Army, the Navy, the Police, the States Vigilante Group and other paramilitary agencies for their dogged efforts in contributing to the successes recorded so far.

“I assure you that law and order has been greatly restored in the state compared to the impunity that held sway before we came into office,” the governor said.

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I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court

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A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.

The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.

Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.

According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.

He said he subsequently took the money to the office of the then Director-General.

“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.

The witness explained that he collected the bag from his aide before entering the office.

“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”

The witness was initially a defendant in the case but later opted to testify for the prosecution.

While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.

According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.

He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.

“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.

During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.

When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”

After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.

The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.

Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.

They pleaded not guilty to the offences.

The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.

According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.

Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.

The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.

One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.

 

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CBN Bars Chronic Loan Defaulters from Accessing New Banking Services

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The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).

This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.

This order is specifically targeted at large-ticket obligors.

The CBN issued the directive in a circular to banks on Monday.

The latest instruction comes almost a week after the CBN asked financial institutions to stress test.

It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.

“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.

“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.

“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”

 

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Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju

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Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.

Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.

He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.

“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.

“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?

“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.

“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.

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