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Tinubu To Ministers: Serve Nigeria, Not Regions Or States
In a bid to reboot his three-month long administration, President Bola Tinubu yesterday, charged the 45 newly sworn-in Ministers to prioritise national interests and shun regional or primordial considerations while working towards facilitating the delivery of objectives that underpin the renewed hope agenda of his administration.
Speaking shortly after he inaugurated the new members of the Federal Executive Council (FEC) at the State House Conference Centre, Abuja, President Tinubu underscoring the responsibility of the Ministers, said: “You are not a minister of a particular state, colony, region, or ethnic nationality; you are a minister of the Federal Republic of Nigeria.
“All of you who have been sworn in have been called to distinguish yourselves. It is me who knows you. I delegate this authority but the greatest number of Nigerians are highly expecting delivery, accountability and transparency. I expect that you will serve with integrity, dignity and deliver. I will hold you to that standard we all promised Nigerians,” he said, noting that the Ministers were carefully selected by him for their track record of excellence and achievement in the public and private sector.
Acknowledging the challenges currently besetting the nation, the President expressed confidence that his cabinet will work to implement the long overdue reforms that will transform the economy and improve governance.
“Since my inauguration on May 29, I have taken steps to begin implementing the agenda from which I campaigned and for which I received the mandate of the Nigerian people. With the inauguration of ministers today, we are about to accelerate our governing efforts to move forward, highlighting our best aspiration for Nigerians.
“In this new assignment, we are in this boat together, even if it is a vehicle, I am the driver. The entire nation sits watchful, as you and I navigate this vehicle. We must hold each other responsible. We have to do the job to meet the expectations of all Nigerians,” he said.
In attendance during the epoch-making ceremony were the Vice President, Kashim Shettima; Senate President, Godswill Akpabio; Speaker of the House of Representatives, Tajudeen Abbas; Secretary to the Government of the Federation, George Akume; and chairman of the Nigeria Governors’ Forum and Kwara State governor, Abdulaziz Abdulrahman.
The oath of office was administered by the Chief Justice of Nigeria (CJN), Olukayode Ariwoola. After taking the oath of office, the ministers shook hands with President Tinubu. The ministers were sworn in according to their respective states of origin.
Firing the first salvo, President Tinubu directed the Minister of Labour and Employment, Simon Lalong, to immediately take over negotiations with Organised Labour in order to arrive at amicable resolutions that will make workers overcome the current pains occasioned by the petrol subsidy removal, especially on resolving modalities for the palliatives, as well as engender a new minimum wage within a short period.
Lalong disclosed this while addressing directors, heads of parastatals and agencies under the ministry and the entire staff immediately he assumed office yesterday. The Minister also said the administration will not spare any effort to protect Nigerian workers and guarantee their dignity at all times.
Lalong, flanked by the Minister of State, Labour and Employment, Nkeiruka Onyejecha, said under his stewardship, the ministry will fulfill its mandate of ensuring decent work for all Nigerians and making sure that citizens, particularly the youth and women, get opportunity to deploy their energy, creativity, talent and gifts to the development of the nation.
He also assured that the government, through the ministry, will work closely with the Nigeria Labour Congress (NLC), Trade Union Congress (TUC) and their affiliates towards ensuring that all pending industrial disputes are settled amicably.
While conveying the goodwill of President Tinubu to the working class, Lalong lauded the patience shown by Organised Labour over the increasing hardships occasioned by recent policies. He pledged to engage all relevant partners and receive briefings towards a robust performance.
Meanwhile, Organised Labour on the platform of National Union of Chemical, Footwear, Rubber, Leather and Non-Metallic Products Employees, (NUCFRLANMPE), has told the Federal Government to speed up policies that will alleviate the pains of the removal of subsidy on petrol.
Labour said Nigerians, especially workers, were really suffering. Specifically, the union urged the Federal Government to create local policies that would improve the economy and lives of citizens.
President, NUCFRLANMPE, Babatunde Olatunji, spoke in Ekiti State, at the opening ceremony of its 31st annual industrial relations seminar. The theme of the five-day seminar is: ‘Social dialogue as a vehicle for promoting decent work and industrial harmony.’
He said: “We plead with the government to hasten up and come up with policies to lessen the suffering of Nigerians, especially workers. It is time to revive local refineries, build infrastructure such as road networks and electricity supply, as well as develop the iron and steel sector, which is key to economic growth.
“Insecurity should be tackled, multiple taxation, rent and charges should be regulated to allow manufacturing companies survive and promote Gross Domestic Products (GDP) in Nigeria.”
He said the manufacturers found it difficult to operate at optimal capacity due to lack of power supply.
Also, an environmental rights group, Health of Mother Earth Foundation (HOMEF), has raised concerns over the creation of a new Ministry of Marine and Blue Economy by President Tinubu, saying the development shows disregard for the environment, which according to them, is the foundation of human survival.
The group argued that the announced ministries of Gas Resources and Oil Resources (now domiciled in the Ministry of Petroleum) and Ministry of Marine & Blue Economy, show many signs of special concerns at the time, just as they expressed that the President was yet to appoint a Minister for Environment.
The Executive Director of HOMEF, Nnimmo Bassey, in a statement, stated that while they have continued to raise concerns about the degraded environment, creating a Ministry of Gas Resources would only give license to the continuous gas emissions, which are a major cause of climate change and attendant problems faced by communities.
Bassey noted that by placing a special focus and promoting the gas industry, the Ministry of Gas will inexorably discourage the development of cleaner and more sustainable energy alternatives, stressing that this will further create a long-term dependency on fossil fuels, at a time when all efforts should be made to “depetrolise” the economy.
“We do not see a bright future for the Nigerian environment, people, and economy with the President as minister of the twin petroleum ministries, and with the creation of a Ministry of Marine and Blue Economy. The three ministries will pose unique problems for our aquatic ecosystems and will inevitably worsen the plight of communities whose interests are once more set to be sacrificed,” he said.
The group further expressed fear that by prioritising gas, other renewable energy sources will be neglected.
They argued that the lack of diversification will hinder a country’s ability to adapt to future energy demands, emphasising that it portends continuous disruption of our ecosystems with attendant health and safety risks.
The National Association of Nigerian Students (NANS), Southwest zone, has expressed keen interest in the policies to be implemented by the ministers of Education, Tahir Mamman; Communications, Innovation and Digital Economy, Bosun Tijani; Innovation, Science and Technology, Uche Nnaji; and Sports Development, John Enoh.
Coordinator, NANS Southwest Zone, John Alao, stated this in a statement issued on Monday while expressing confidence in their abilities to deliver.
Topmost, according to Alao, is education, calling on the education minister to avert arbitrary increases in fees payable by students of tertiary institutions and defer further increases where possible.
He further charged Mamman to develop and implement policies that would lessen the burden on students.
He particularly said NANS yearned for the long-desired changes in the educational sector and the Nigerian economy at large.
The NANS coordinator also said the student body identified how crucial to the economy the policies of the ministries of Communications, Innovation and Digital Economy, Innovation Science and Technology, and Sports Development are.
Describing the activities of the three ministries as intertwined, Alao urged the three ministers in charge to work in sync such that the impacts of their policies are felt by students and Nigerians at large.
News
I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court
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.
News
CBN Bars Chronic Loan Defaulters from Accessing New Banking Services
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.”
News
Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
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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