News
Speed Up Process Of Achieving State Police, Food Sufficiency – Tinubu Tells Govs
On security, President Tinubu approved the establishment of a committee comprising state governors and representatives of the federal government to, among other things, explore the modalities for establishing state police.
President Bola Tinubu, on Thursday, February 15,emphasised the need for government at both federal and state levels, to move swiftly to form a committee that would critically consider all action plans, including the possibility of implementing state police system, agreed to at a meeting he convened at Villa.
The president stated this at a meeting with 36 state governors, attended by Vice-President Kashim Shettima, the National Security Adviser, the Inspector-General of Police, the Director-General of the DSS, and some ministers at the State House in Abuja.
In a statement issued by his Special Adviser on Media and Publicly, A jurisdiction Ngelale, the President also said his administration is evolving home-grown solutions to address the nation’s food security challenges by setting up schemes to support local production and discourage all forms of rent-seeking that are associated with food importation.
On security, President Tinubu approved the establishment of a committee comprising state governors and representatives of the federal government to, among other things, explore the modalities for establishing state police.
The President further endorsed the training and equipping of forest rangers by sub-national governments to safeguard human and natural resources in local communities.
”My position at this meeting is that we must move aggressively and establish a committee to look critically at the issues raised, including the possibility of establishing state police.
”From Kano, we have read reports about large-scale hoarding of food in some warehouses. The National Security Adviser (NSA), the Inspector-General of Police, and the Director-General of the Department of State Services should coordinate very closely and ensure that security agencies in the states inspect such warehouses with follow up action.
”We must ensure that speculators, hoarders, and rent seekers are not allowed to sabotage our efforts in ensuring the wide availability of food to all Nigerians.
”What I will not do is to set a price control board. I will not also approve the importation of food. We should be able to get ourselves out of the situation we found ourselves in, because importation will allow rent seekers to perpetrate fraud and mismanagement at our collective expense. We would rather support farmers with the schemes that will make them go to the farm and grow more food for everyone in the country.
”We must also look at the rapid but thoughtful implementation of our livestock development and management plans, including dairy farming and others,” the President stated.
President Tinubu urged the governors to trust the Central Bank of Nigeria (CBN) with the management of the country’s monetary policy, emphasizing the importance of allowing designated institutions to fulfill their mandate effectively.
He said the ”cacophony of postulations” on the fluctuation of foreign exchange rates was unduly affecting the market negatively.
Read Also: Economic hardship: Prioritise payment of salaries – APC chieftain appeals to Tinubu
”Every one of us can not be an expert. If we have given someone an assignment, let us allow them to do it. If they can not do it, then we find a way to quickly get them out of the system,” the President affirmed.
President Tinubu asked the governors to always make the welfare and prosperity of the people a priority of their development programmes, assuring them that the federal government will continue to work diligently to improve the nation’s revenue profile.
At the meeting, the President and the governors emphasized the importance of working together to address issues of insecurity, food security, and out-of-school children.
Governor AbdulRahman AbdulRazaq of Kwara State and Chairman of the Nigeria Governors’ Forum (NGF) expressed appreciation to President Tinubu for convening the meeting and affirmed the governors’ commitment to partnering closely with the federal government.
Meanwhile, in a briefing he later held with journalists at the State House, after the President’s meeting with governors, Minister of Information and National Orientation, Mohammed Idris, elaborated on decisions and conclusions at the meeting.
The Ministry was joined at the briefing by Governors Caleb Mutfwang (Plateau), Ubah Sani (Kaduna) and Sheriff Oborevwori (Delta).
Idris spoke extensively on the conclusion reached on security, agriculture and food security, saying both sides were considering the adoption of state police system as one of the steps to take to shore up security across the country and that this would be deliberate further.
Speaking on the steps agreed on managing the escalating food distribution situation in the country, Idris said “first, the National Security Adviser, the Director General of the State Services, and the Inspector General of Police, have been directed to coordinate with the state governors to look at the issue of those hoarding commodities.
“At this point, the nation requires foods to be brought out to the people so that we can control prices and put food on the table of most Nigerians. Other commodity traders are busy hoarding these commodities so that Nigerians will suffer or they will make more money as a result.
“So the governors and Mr. President have taken this decision that security agencies will collaborate with the state governors to ensure that this ends.
“Number two, a decision has also been taken that in the interest of our country, there will be no need for food importation at this point. Nigeria has the potential to feed itself and even be a net exporter of food items to other countries and we do not also want to reverse some of the progress we have seen in terms of food production in this country.
“In the area of security, Mr President and the state governors have all agreed that at this point, we are seeing significant improvement in the security situation around the country of course.
“Now in this direction. Mr. President and the state governors have also discussed the possibility of improving the numeric strength of forest rangers to train them so that they can keep our forests and our borders very safe.
“Now, there is also a discussion around the issue of state police. The federal government and the state governments are mulling the possibility of setting up state police. Of course, this is still going to be further discussed. A lot of work has to be done in that direction.
“Both the federal government and the state governments agree to the necessity of having state police, now this is a significant shift. But like I said, more work needs to be done in that direction”, he said.
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.
-
News2 days agoWorld War III Fears: Zelensky Reveals Warning To Trump
-
News2 days ago2027 Shakeup: 12 Lawmakers Defect To APC, ADC
-
News1 day agoTerror Surge: Tinubu Demands Results from Security Chiefs
-
News23 hours agoCorruption Probe: Court Grants ICPC Access To Data On El-Rufai’s Seized Gadgets
-
News18 hours agoCBN Bars Chronic Loan Defaulters from Accessing New Banking Services
-
News1 day agoBeyond My Wildest Dreams: Disu Opens Up During Handover From Egbetokun
-
News19 hours agoMakinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
-
News15 hours agoI Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court
