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Supreme Court upholds 10-year sentence on Joshua Dariye, ex-Plateau governor

THE Supreme Court has upheld the 10-year imprisonment imposed on Joshua Dariye, former Plateau State governor, on the offence of criminal breach of trust.

A five-man panel of the court, led by Mary Odili, in a unanimous judgment on Friday, upheld Dariye’s appeal in part, quashing the one-year sentence imposed on him by court of appeal in relation to the offence of criminal misappropriation.

Ejembi Eko prepared the lead judgment, which was read on Friday by Helen Ogunwumiju. Other members of the panel included: Lawal Garba, Samuel Oseji and Tijani Abubakar.

The Supreme Court upheld Dariye’s concurrent conviction and sentence by the trial court and the court of appeal on the offence of criminal breach of trust.

Read AlsoUPDATED: Former Plateau governor, Joshua Dariye bags 14 years in jail

Dariye had, in his appeal, prayed the court to upturn the November 16, 2018 judgment of the Court of Appeal, Abuja, which convicted him and sentenced him to 10 years for diverting public funds estimated at 1.162 billion naira while he was governor.

A three-man panel of the court of appeal, led by Stephen Adah, in its decision, upheld an earlier judgement by Adebukola Banjoko of the High Court of the Federal Capital Territory (FCT), delivered on June 12, 2018.

The trial court convicted Dariye on 15-count charge relating to criminal breach of trust and criminal misappropriation, contained in the 23-count charge on which he was tried by the Economic and Financial Crimes Commission (EFCC).

Ifeanyi Ubah, Kashamu, Chimaroke and Dariye ─ four Nigerian politicians that top list of AMCON debtors

In upholding Dariye’s conviction, the appeals court noted that the prosecution, led by Rotimi Jacobs, effectively proved its allegation of criminal breach of trust and criminal misappropriation against the ex-governor.

The court, however, faulted the trial court for convicting Dariye on counts 12 and 23, which it said the prosecution did not prove.

It also faulted the trial court for imposing the maximum sentences on both offences of criminal breach of trust and criminal misappropriation.

It proceeded to reduce the 14 year-sentence for the offence of criminal breach of trust to 10 years and reduced the two years sentence for criminal misappropriation to one year.

Ikpeazu hails Biden’s appointment of Abian as African affairs secretary

OKEZIE Ikpeazu, Abia State governor, has applauded the recent appointment of Akunna Cook as deputy assistant secretary of state for African affairs by Joe Biden, United States president.

Cook, an advocate and attorney, is the daughter of Anthony Enwereuzor of Ntigha, Isiala Ngwa North Local Government Area of Abia State.

“I feel highly elated & proud as a governor of one of the most enterprising people on earth recognised for their hard work & dedication to the good causes of the world wherever they go,” said the elated governor via his Twitter handle, @GovernorIkpeazu

Ikpeazu said that America needed experienced hands leading the U.S. policy towards Africa, and Cook  “is among the best.”

Rosa Whitaker, president and chief executive officer of Whitaker Group,  described Cook as “a seasoned diplomat & Africanist with an impressive record of achievement in economic empowerment and equity for people of colour.”

READ ALSO: US Race Equality: 3 Nigerians to serve in Biden administration

Prior to practicing law, Cook had served for 10 years as a career diplomat with the Department of State where she focused on economic and political development. She also served overseas in China, South Africa and Iraq where she advised U.S. companies on trade, investment, and political risk.

In Washington, she was special assistant to the deputy secretary of state responsible for African affairs, multilateral engagement, management, and legal issues.

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She bagged her law degree from Yale Law School and a master’s degree in public policy from the Harvard Kennedy School of Government. Cook is a term member of the Council on Foreign Relations and a member of the Washington, DC Bar.

Her elevation brings the total number of Nigerians appointed by Biden to five. Previous appointments included: Enoh Titilayo Ebong, acting director of the U.S. Trade and Development Agency; Funmi Olorunnipa Badejo, general counsel of the House Select Subcommittee on the Coronavirus Crisis; Osaremen Okolo, member of COVID-19 Response Team, and Adewale Adeyemo, deputy secretary of the Treasury department.

 

Police confirm abduction of College of Forestry students in Kaduna

THE Kaduna State police command has confirmed the abduction of an unspecified number of female students of the Federal College of Forestry Mechanisation in Mando, Igabi Local Government Area of the state, by suspected gunmen.

Mohammed Jalige, state police public relations officer, said the incident took place last night, but BBC reported that it was early hours of Friday.

The Kaduna State commissioner for internal security and home affairs, Samuel Aruwan, confirmed the incident and said an investigation was ongoing.

According to BBC, almost half of the female students were kidnapped and not a single male student was taken.


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Residents of the town said they heard gunshots around 11:30 pm but thought it was at the NDA Military Academy.

“Sometimes in the NDA, they shoot at night. Since it is a military school, we thought about what was happening. It was not until the next morning that we went out to pray and found out what had happened,” he said.

One resident explained that security officers had so far surrounded the school and the rest of the students had been evacuated to the NDA school.

This is coming fewer than 48 hours that Aruwan presented the 2020 security situation report to the state governor, Nasir El-Rufai.

In that report, the commissioner had said that bandits killed no fewer than 937 persons, kidnapped 1,972 persons, and rustled 7,195 cattle in the state in 2020.

During the event, Governor Nasir El-Rufai had insisted that his administration had no room for negotiation or granting amnesty to bandits

So far, nearly 800 students have been abducted since December and this is the third kidnapping of students from their schools in 2021 in Nigeria.

Higher inflation looms as FG increases petrol price to N212.61 per litre

THE Petroleum Products Pricing Regulatory Agency (PPPRA) has announced an increase in the price of Premium Motor Spirit (PMS), otherwise called petrol, to N212.6 per litre.

PPRA, an agency of the Nigerian National Petroleum Corporation (NNPC), made this known in a monthly template titled ‘Guiding Prices for the Month of March 2021’ posted on its website late Thursday.

According to PPRA, the landing cost of petroleum for March 2020 has increased to 189.61 naira from 163.74 naira per litre in February.

PPRA Guiding Template for March 2021
PPRA Guiding Template for March 2021

The March 2021 template shows that the expected retail prices for the lower band is 209.61 naira while the expected retail prices for the upper band is 212.61 naira, from February’s 183.74 naira and 186.74 naira respectively.

The increase in price comes in contradiction to a recent statement by the NNPC assuring Nigerians that there would not be an increase in the price of petrol in the country.

Timipre Sylva, minister of state for petroleum resources, had said Nigerians should prepare for an increase in the pump price of petrol despite the new fortunes of crude oil in the global oil market.

Sylva said this earlier in February at the official inauguration of the Nigerian Upstream Cost Optimisation Programme (NUCOP) in Abuja.

“Since we are optimising everything, the Nigerian National Petroleum Company (NNPC) needs to also think about the optimisation of product cost because as we all know, oil prices are at 60 dollars per barrel.

“As desirable as this is, it has serious consequences as well on product prices. Today the NNPC is taking a big hit from this as we all know that there is no provision in the budget for subsidy payments,” Sylva said.

In Abuja and Lagos, especially  two to three weeks ago, heavy queues resurfaced in petrol stations as some residents resorted to purchasing from the black market.

Nigerians to bear the brunt

Following the hike in petrol price, Nigerians would bear the heavy burden of the changes that are likely to arise from the increase.

Petrol is at the centre of most or all the economic activities in Nigeria, including transportation. The cost of transportation may increase to fit into the reality of the new petrol prices, thereby forcing farmers,manufacturers and critical economic agents into paying more to move their goods.

When farmers pay more to get their produce to the market, Nigerians would likely buy food items at increased prices. The same applies to other sectors of the economy.

Analysts believe that the increase in petrol prices will balloon the inflation rate, which hit 16.47 percent in January 2021.

“Food inflation is already above 20 percent and will further rise on multiplier effect. It is not going to be rosy for a country with almost 50 percent of extreme poverty rate,” Ike Ibeabuchi, an economic analyst and managing director of a manufacturing company, said.

“Small businesses will also take the hit because their cost of operations will skyrocket,” he said.

He wondered why the government was fixing petrol price when it was also talking about deregulation.

Economists say deregulation implies that prices are set by the market forces, rather than government agencies. This means that government and its agencies have no business fixing prices of petrolueum products.

Petrol is one of the major components of inflation. Nigerians fear that cost of living, which is already high, will bite harder.

Lagos-based Taiwo Adekoya, a fashion designer, told The ICIR that his raw materials’ cost would rise, thereby affecting his patronage.

“Sometimes I wonder what is going on here. It is obvious that we will increase our prices, but how many Nigerians have money to purchase new clothes now?” he asked.

COVID-19: European countries suspend AstraZeneca vaccine over blood clot death fears

A number of European countries, on Thursday, stopped the use of  AstraZeneca coronavirus vaccine after fatalities were recorded from blood clot. 

Denmark, Iceland and Norway have stopped administering AstraZeneca vaccine entirely while the incident is being investigated. Italy has also suspended a batch of the vaccine.

Other countries, including Latvia and Austria, said they would stop using doses from a separate batch of the vaccine, ABV5300, which had been linked to death from coagulation disorders and an illness from a pulmonary embolism in Austria.

The United Kingdom, Sweden, and the Netherlands said there was not yet enough evidence showing that the deaths were linked to the vaccine, and would continue their campaigns.

The European Medicines Agency, in a statement on Thursday, said it was also investigating the situation, but stated that the number of ‘thromboembolic’ events marked by the formation of blood clots was not higher among vaccinated people than in the general population.

It said that vaccinations should continue while it carried out investigations.

Magnus Heunicke, Denmark’s health minister, said in a statement on Twitter that the country was acting ‘on the precautionary principle.’

“We cannot yet conclude that there is any connection,” he said. “We are taking action early and this will now be thoroughly investigated.”

The Danish Medicines Agency has called on anyone who has received the AstraZeneca vaccine within the last 14 days and experienced symptoms for more than three days to visit their doctor.

Read AlsoOut of 36 states, Lagos, FCT, Kano receive over 23 percent of AstraZeneca vaccine

A spokesperson for the agency stressed that it remained unclear whether the person who died of a blood clot in Denmark had received a shot from batch ABV5300,  although the European Medicines Agency (EMA) confirmed on Wednesday that 17 other European countries, including Denmark, received doses of the same shipment used in Austria.

“We can’t say with any certainty that it is the same batch. That’s going to be one of the issues that the forthcoming investigation will look into,” he said.

Italy’s decision to ban a batch of AstraZeneca vaccine was taken following the deaths of two men in Sicily who had recently been inoculated, a source close to the matter said on Thursday.

Nigeria recently received doses of AstraZeneca vaccine. Many health workers and strategic leaders, including President Muhammadu Buhari, have been administered the vaccine. Medical analysts fear that the backlash in Europe could trigger fears in COVID-19-prone population in Africa’s biggest economy.

In Europe, Italy’s medicines authority Aifa said earlier that the ban was a ‘precautionary’ measure, adding that no link had been established between the vaccine and subsequent ‘serious adverse events.’

Iceland’s state epidemiologist Þórólfur Guðnason told the Frettabladdid newspaper that it was normal to see similar events when so many were being vaccinated.

“I realise that this news will increase people’s worry about the vaccines, but I would like to remind you that when so many people are vaccinated at the same time, we always see something after vaccinations that we need to study and evaluate.”

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The EMA said the number of blood clot events seen in people who had got the shots in the European Economic Area was no higher than among the general population.

The United Kingdom government, which did not get any doses from the ABV5300 batch, said the vaccine was both ‘safe and effective.’

Phil Bryan, vaccines safety lead at the Medicines and Healthcare products Regulatory Authority (MHRA), said 11 million doses of the AstraZeneca vaccine had been given in the UK with no more reports of blood clots than in the unvaccinated population.

Spain’s health minister Caroline Darias said they too had not registered any case of blood clot related to the AstraZeneca vaccine.

The Dutch Medicines Evaluation Board said that there was no evidence of a link. It added that thrombosis and pulmonary embolism were no known side effects of the vaccine.

When large groups are vaccinated as is now the case, then you can expect such reports, it said.

The CNN quoted a spokesperson for AstraZeneca as saying that patient safety was the company’s ‘highest priority.’

“Patient safety is the highest priority for AstraZeneca. Regulators have clear and stringent efficacy and safety standards for the approval of any new medicine, and that includes the COVID-19 vaccine AstraZeneca.

“The safety of the vaccine has been extensively studied in Phase III clinical trials and peer-reviewed data confirms the vaccine has been generally well tolerated.”

NIPOST reclaims collection of stamp duty charges from FIRS

THE Nigeria Postal Service (NIPOST) has reclaimed the collection of stamp duty charges from the Federal Inland Revenue Service (FIRS), Isa Pantami, minister of communications and digital economy, announced on Thursday.

The development puts to bed more than three years of controversy and acrimony over who, between the two federal agencies, should collect stamp duty charges in the country.

Pantami commended President Muhammadu Buhari and the leadership of the National Assembly, especially the Senate and House Committees on Communications and Digital Economy, for their interventions in the matter.

He also praised the management of NIPOST and other stakeholders for their resilience, saying it was heartwarming that critical stakeholders ensured that justice was done on the issue.

Read AlsoHow FIRS plans to meet N5.9trn revenue projection in 2021

Pantami made the remarks at the launch of Nigeria’s 60th Independence Anniversary Commemorative Postage Stamps held at the Digital Economy Complex, Mbora, Abuja.

“Our efforts regarding the issue of stamp duty collection with other government Institutions have yielded positive results. NIPOST has been recognised as a government agency with statutory and historical authority to be the producer of stamps and recognised for collection of stamp duties for validation of financial transactions in the country.

“We appreciate Mr. President for listening to our complaints, and we extend our gratitude to him and the Senate and House committees for their intervention in ensuring that justice was done,” Pantami said.

The minister further said that challenges of regulation as well as policy and financing confronting NIPOST over the years was being addressed with a view to placing the agency on a platform that would enable it to generate revenue for the federal government.

He said NIPOST would be unbundled into three companies to boost its operations, while efforts were on the pipeline for the Federal Executive Council to approve the renovation and rehabilitation of all its dilapidated offices across Nigeria.

The minister noted that 97 percent of the rule-making procedures of NIPOST was being done to facilitate robust debates on the acts establishing the agency, asserting that this was being done to ensure robust contributions from stakeholders any time there was a need.

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In her remark, chairman of NIPOST board, Hajiya Maimuna Abubakar, said NIPOST, by the presentation of anniversary stamps, had again shown that it would continue to play its roles in advancing the rich culture and historical heritage of the country.

” The postal industry, from time immemorial, has fostered the use of postage stamp as a veritable medium for nurturing of culture,” she said.

“Nigeria as a country is amply blessed with historical evidence of great works of arts, cultural monuments and features that help in the transmission of cultural heritage from one generation to another.

“Many of such have been reflected on Nigerian postal stamps, most especially in colonial and post-colonial Nigeria. A strong Nigeria must be a cultural Nigeria and NIPOST has a role to play in advancing this by marking events such as this one.”

Manufacturers struggling to access CBN’s intervention funds – MAN

THE Manufacturers Association of Nigeria (MAN) has said that its members hardly access many intervention funds set up by the Central Bank of  Nigeria (CBN). 

In a statement signed by Segun Ajayi-Kadir, director-general of MAN, on Thursday, the group said despite the availability of several funding windows, manufacturers still suffered the dual challenges of scarcity of investible funds high lending rate.

“Generally, MAN observed through feedbacks from members and interaction with the CBN on several occasions that these facilities and funds have not been adequately accessible to manufacturers due mainly to the prevarication of the participating financial institutions (PFIs) and deposit money banks (DMBs),” the statement made available to The ICIR said.

MAN cited an example with CBN’s N1 Trillion COVID-19 Stimulus for Manufacturing and Import Substitution, which commenced in 2020, saying that only 76 companies had received 300 billion naira, translating to 30 percent of the total.

The N1 Trillion COVID-19 Stimulusor Manufacturing and Import Substitution was instituted in 2020 to sustain manufacturing and improve the output of the sector.  It was to be managed by PFIs, which included commercial banks and development finance institutions.

While acknowledging the excellent initiative of the CBN in setting up the N1 trillion COVID-19 facility, MAN noted that most of its members who applied were not able to get it.

Read AlsoManufacturing is suffering, electricity tariff hike will worsen it, MAN tells FG

The group said that the various CBN funding windows were commendable, but poor implementation hindered attaining the noble objectives of these funds.

Benchmark Interest Rate in Selected Sub-Saharan African countries
Benchmark Interest Rate in Selected Sub-Saharan African countries

It suggested that the CBN’s strict enforcement should be strict to ensure that the PFIs and DMBs grant transparent and effective access to their intervention funds to manufacturers. “This is especially concerning the N1trillion manufacturing and import substitution facility; the N220 billion Micro, Small and Medium Enterprises Development Fund (MSMED), the 100 billion Health Care and Pharmaceuticals Support Funds and N300 billion Real Sector Support Facility (RSSF).”

It also recommended specific guidelines and timelines for effective and complete disbursement of the intervention funds, saying that there should also be a periodic report of the status of implementation to the CBN to ensure progressive monitoring. It further recommended that PFIs and DMBs who failed to diligently and timeously disburse all the funds allocated be sanctioned.

It likewise urged the CBN to be part of the monitoring process.

Godwin Emefiele
Godwin Emefiele, CBN Governor Credit: Financial Times

Naira 4 Dollar Scheme

On the Naira 4 Dollar Scheme recently introduced by the CBN, the association said the scheme should encourage Nigerians working abroad to remit more
into Nigeria and improve the forex inflow. It noted, however, that the apex bank must dimension the inflows, which had historically been 70 percent for family support and 30 percent for other purposes, including real estate, which carried the greater part.

“To yield more of the anticipated inflow for investment in productive activities, the CBN would have to work with the banks and other relevant government agencies to initiate portfolios and measures to point the remitters in that direction,” MAN counselled.

There was also a need to consider where the domestic foreign exchange-earners stood within the context of this scheme.

“For instance, could a manufacturer who exports his product and repatriates his dollar profit get his money in dollars and also benefit from the Dollar 4 Naira Scheme? This way, you can guarantee almost a 100 percent re-investment in production and reap all the attendant benefits and even partly make up for the losses incurred due to the poor implementation of the Export Expansion Grant (EEG). The average manufacturer who is confronted with a lot of infrastructure and macroeconomic challenges is eminently qualified, if not more qualified, to benefit from such a scheme.”

Read Also: CBN tweaks strategy to shore up dollar supply, boost flagging economy

The liquidity challenge 

Nigerian manufacturers face many challenges, particularly lack the liquidity to expand operations; Monetary Policy Rate (MPR), which is the benchmark interest rate, is 11.5 percent currently. Still, banks charge as high as 20-30 percent, according to the Lagos Chamber of Commerce and Industry (LCCI).

In 2020, the Interest rate charged to manufacturers averaged 20.75 per cent as against 21.25 percent recorded in 2019, MAN said in a recent economic review.

The cost of funds in Nigeria is high compared with many Sub-Saharan African (SSA) countries. According to their central banks, Nigeria’s MPR is higher when compared with South Africa’s 3.5 percent, Kenya’s 7.5 percent, and Zambia’s 8 percent. In Ethiopia, another SSA nation, the benchmark interest rate is estimated at 9 percent, according to the National Bank of Ethiopia. Botswana’s rate is at 3.75 percent, while  Uganda’s is 7 percent. Similarly, while Namibia’s benchmark rate is 7.75 percent, Mali’s is 9.12 percent.

Ibrahim Maigari Ahmadu, the founder of Liverstock247.com, Nigeria’s first livestock online marketing and listing platform, said the interest rate in banks was high, just as there were many gridlocks to access funds.

Manufacturers identify dollar scarcity, cost of funds as biggest business impediments

“Nigerian commercial banks are risk-averse. They put so many bottlenecks on the way when you want to access funds,” he said.

“Interest rate is very high, which is a major inhibiting factor. Collaterisation is structured to knock you out,” he added.

CBN’s position

The CBN has severally threatened to punish commercial banks not disbursing intervention funds or lending to the real sector. In September 2020, it  threatened to sanction banks not lending to farmers. The previous year, the apex bank had debited 499 billion naira from accounts of 12 banks not meeting Loan-to-Deposit Ratio (LDR) of 60 percent. The LDR was later raised to 65 percent and banks that did not meet the threshold were sanctioned. However, manufacturers believe the  apex bank should move a notch further by strictly monitoring intervention funds domiciled in commercial banks.

What to expect as Nigerian Stock Exchange goes public

THE Nigerian Stock Exchange (NSE), on Wednesday, completed its demutualisation process after receiving approvals from the Securities and Exchange Commission (SEC) and Corporate Affairs Commission (CAC).

With the completion of the process, the NSE becomes a publicly-traded company owned by shareholders. According to Investopedia, an investment online platform,  demutualisation occurs when  “a company elects to change its corporate structure to a public company, where prior members may receive a structured compensation or ownership conversion rights in the transition, in the form of shares in the company.”  Hence the NSE is now owned by shareholders rather than government or other special interests. Therefore, decisions in the stock market are now taken by shareholders rather than the government or other interest groups. Also, the NSE has become an entity that can offer its own shares to the public.

The new status of the NSE brings with it a different structure.  Under the demutualisation plan, a new non-operating holding company known as the Nigerian Exchange Group Plc has been created.

The group now has three operating subsidiaries, namely: Nigerian Exchange Limited (NGX Limited), the operating exchange; NGX Regulation Limited (NGX REGCO), the independent regulation company; and NGX Real Estate Limited (NGX RELCO), the real estate company. All the entities have been duly registered at the CAC, the NSE said on Wednesday.

The approvals now enable the shares of NGX Group Plc, which have been registered with the Securities and Exchange Commission (SEC), to be distributed to the membership according to the court-approved Scheme of Arrangement. Hence, ahead of its listing on NGX Limited, the shares of NGX Group Plc will be available for bilateral trades to be executed in line with the Nigerian capital market’s extant rules and regulations, the NSE explained.

Abimbola Ogunbanjo, NSE Council President,
Credit: NSE

The NSE noted that demutualisation was important as it would create new strategic opportunities, enabling the group to realise its vision of becoming Africa’s leading capital market infrastructure provider.  “The creation of a holding company and a new capital structure will also enable NGX Group Plc to form new dynamic relationships, drive strategic partnerships and gain capital-raising flexibility.”

Oscar N. Onyema, the new group CEO of NGX Group Plc, said the Nigerian capital markets should play a role commensurate with Nigeria’s status as Africa’s largest economy.
“At the Nigerian Stock Exchange, we have a vision that the new group will become the premier exchange hub for Nigerian businesses and the African economy. We are implementing a series of measures towards this goal, demutualisation being a critical milestone. The completion of demutualisation is a truly significant moment, and we welcome the new possibilities that have opened up for us today,”  Onyema said.

 

Demutualisation, a global practice 

The NSE is now the 57th country to demutualise. The first exchange to commence the practice was the Stockholm Stock Exchange in 1993. Since then, several exchanges worldwide, including the London Stock Exchange, Toronto Stock Exchange, the Paris Bourse, Nasdaq, and Hong Kong Stock Exchange, have embraced it.

Why demutualisation?

In a 2002 working paper, Jennifer Elliot of the International Monetary Fund (IMF) noted that competition for liquidity, technology, mergers/alliances and regulatory pressure were some of the reasons why global exchanges scrambled to demutualise.

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“The roots of demutualisation can be traced directly to the enormous technological changes that have affected the securities industry in the past fifteen years,” Elliot said. “Technology has been the impetus for demutualisation–services once offered exclusively by the local exchanges are now available elsewhere, creating competition for order flow and listings. Exchanges are now markets competing with other markets…”

Also, a paper authored by the Organisation for Economic Co-operation and Development (OECD) in 2014 with the title ‘Privatisation and
Demutualisation of MENA Stock Exchanges: TO BE OR NOT TO BE?’ explained that demutualising stock exchanges might lead to financial agility and improved decision-making compared to operating mutual or government-owned exchanges.

The paper argued that demutualised exchanges have wider access to capital and could attract foreign investments.

We will apply our full weight against terrorists, bandits – NSA

THE federal government says it is not against having conversations with criminal elements in the country but will apply its full weight against them.

Babagana Monguno, national security adviser, said this during a State House Briefing on  Thursday in Abuja, the nation’s capital.

The NSA said the criminal elements were not people looking for anything that was genuine or legitimate, but were only out to take calculated measures to inflict pain and violence on innocent people. He said owing to this, government was out to deal with them.

According to Monguno, the terrorists and bandits were not reliable because they might still go back to hurt the society.

“While government is not averse to talking with these entities, it also has to fully apply its weight. You cannot negotiate with people who are unreliable and who will continue to hurt society. We will apply the full weight of the government to deal with these criminals,” Monguno said.

He explained that the government was also focused on the associated dimensions of the banditry and terrorism, including Illegal drugs,  flow of small arms and light weapons, and Illegal mining in places like Zamfara State.

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He also noted that the highlighted dimensions were some of the scenarios fueling the violence in the North-East, and the federal government was already tackling them.

In the fight against insurgency, banditry and terrorism in Nigeria, state and federal governments have taken measures which some say are counterproductive.

Earlier in 2020, the federal government introduced the Operation Safe Corridor to rehabilitate ‘repentant’ Boko Haram terrorists back to the society.

However, Babagana Zulum, governor of Borno State,  recently said that deradicalisation of repentant Boko Haram members was not working because most of them ended up as spies for the terrorist group.

Also, Abubakar Bello, governor of Niger State, has said that some repentant bandits deceived the government into collecting money to buy more weapons for their operations.

Meanwhile, Monguno has reiterated the government’s position on the engagement of foreign mercenaries to fight insurgency in Nigeria.

The NSA said President Muhammadu Buhari’s directive was that Nigeria was not in need of mercenaries.

He stated that the view of the president was that the country had capable personnel and resources to tackle insecurity.

“The president’s view and directive is that we will not engage mercenaries when we have our own people to deal with these problems.

“We have the personnel and resources, and the president has given a new lease of life to the Armed Forces,” Monguno said.

During the administration of President Goodluck Jonathan, Nigeria engaged South African mercenaries to tackle insurgency, The ICIR investigation revealed.

Eeben Barlow, a South African military contractor and chairman of ‘Specialised Tasks, Training, Equipment and Protection International’ had, during an interview with Al Jazeera, said his mercenaries were winning the war against Boko Haram before Buhari terminated their contract immediately after assuming office as president.

“The then-incoming President, Muhammadu Buhari was heavily supported by a foreign government, and one of his first mission as president after May 2015 was to terminate their contract,” Barlow said.

When contacted by The ICIR, the Nigerian government refused to comment on it.

When an image maker becomes image wrecker

By Ikechukwu AMAECHI


LAST week, my friend and former colleague, Oguwike Nwachuku, responded to my article penultimate Thursday titled, “Uzodimma: The governor as a quisling.”

Typically, Oguwike, media aide to Governor Hope Uzodimma, attacked my person, making baseless claims on what he described as my political affiliations, motive for my writings and presumed hatred for President Muhammadu Buhari and the All Progressives Congress (APC).

I will come back to these infantile insinuations shortly. But first things first.

He called me “one Ikechukwu Amaechi.” That is too childish and a gross misapplication of grammar. Until a year ago when Uzodimma poached him from TheNiche, Oguwike was my subordinate in the office. As the Managing Director/Editor-in-Chief, I appointed him editor in 2014 and signed his appointment letter to the chagrin of some senior editorial staff who subsequently left in protest.

But knowing Oguwike’s proclivity for mischief and treachery, addressing me so offhandedly was a deliberate attempt to insult, which speaks to the lack of character that precipitated the rebellion against him at TheNiche.

Since Oguwike’s article, “Imo and quisling commentators,” was published last Thursday, I have received numerous calls from mutual friends who could not believe the rather condescending tone, the manifest hubris and what they perceive as the deleterious effect of power on people even those that only saunter along its corridors.

But anyone who knows Oguwike well will not be surprised. As Michelle Obama, former United States First Lady, famously said, power doesn’t change who you are. It reveals who you are.

The fact that he has gone berserk, literally, dishing out insults to all and sundry who dare cross his path by criticising his principal, no matter how constructive, is true to character.

When Shaka Momodu, Editor of THISDAY on Sunday, wrote an article in February 2020 titled, “That Supreme Court Magic Judgment,” condemning the judgment that sacked Emeka Ihedioha as Imo State governor, Oguwike alleged financial hanky-panky.

Read AlsoUzodimma: The governor as a quisling

Oguwike wrote that “Shaka was comfortable abusing the Supreme Court …. He did so in ways his collaborators, nay paymasters who have been lamenting their loss of power in Imo State … have carried on for more than two weeks now.”

He tarred Chido Nwakanma, a communications strategist, with the same “pen for hire” brush for his February 6, 2020, article in BussinessDay titled, “The hunchback on Hope Uzodinma.”

For daring to criticise his boss, Oguwike accused Nwakanma of joining “the band of cheerleaders and hired writers who dot the country’s landscape.”

“I do not know,” he pontificated, “how much thought Nwakanma has spared evaluating the circumstances that brought his paymasters into office in the first place.”

It smacks of intellectual laziness if the only way Oguwike knows to defend his boss is to accuse anyone with a contrary opinion of being a hack writer even if that is his brief at Douglas House, Owerri.

Now, to the main issues in Oguwike’s diatribe.

He wrote: “There is nobody who does not know that the only problem Ikechukwu has now is President Muhammadu Buhari and the APC …. His, is hatred borne out of allegiance to another political party and benefactors he has psychological attachment to.

“Therefore, he cannot comment objectively on any APC governor or government just as it is an anathema for him to say anything good about Buhari.”

I didn’t know that Oguwike also speaks for Buhari, a job Garba Shehu and Femi Adesina, in my estimation, are doing well and, therefore, don’t need the help of an interloper.

Oguwike’s insipid accusation that I hate Buhari is laughable. Truth is, I don’t, but I loathe what he has done with power. I detest the fact that his bigotry and penchant for nepotism has pushed Nigeria to the precipice. I hate the fact that Buhari’s supremacist agenda is nudging Nigeria to the brink of another civil war. And the depth of my angst is a measure of the profundity of my disappointment.

Oguwike knows that I voted for Buhari in 2015 because I was convinced that the then ruling party – Peoples Democratic Party (PDP) – had become too conceited and undemocratic. When the fact of an impuissant Goodluck Jonathan’s namby-pamby presidency was thrown into the mix, I came to the inevitable conclusion that Nigeria needed a new leadership.

But, less than six months after Buhari mounted the saddle, I found out, regrettably, that it is what it is. Most Nigerians who supported Buhari in 2015 have also come to that inevitable conclusion.

The only difference is that as frustrating and challenging as the Buhari presidency has become, some people believe that since the status quo cannot be changed, it must just be accepted without a whimper. I say no. Buhari must be called out for the harm he is doing a country that gave him his all.

That is also my disposition to Hope Uzodimma, the man who was elected governor of Imo State by seven justices of the Supreme Court, via a judicial fiat that Justice Centus Nweze said “will continue to haunt our (Nigeria’s) electoral jurisprudence for a long time to come.”

Oguwike mentioned my April 29, 2020 article, “Hope Uzodimma’s 100 days of hopelessness,” claiming that some “very senior colleagues” called him to wonder “what commentator could have said a political office holder did nothing in office in 100 days.”

But he should tell his imaginary senior colleagues that his principal, not me, said so.

In his April 27, 2020 speech, a whopper cocktail of falsehood and fairytale, Uzodimma said he had nothing to show for his first 100 days in office because the circumstances of his “historic victory” did not avail him “the luxury of a transition period, which most governors-elect have the privilege of using as a preparatory phase to actual governance.”

He lamented that “the situation was not helped by the sorry state of affairs,” he inherited. “There was no handover note from the previous government to mine. This left me with no definite starting point.”

Uzodimma also claimed he was unable to hit the ground running because he “inherited an empty treasury and a disillusioned, disoriented and dispirited civil service.” Those were his words, not mine.

I agree we are in a post-truth politics era and Oguwike wants to impress. But he should do so with some decorum because post-truth politics poses a serious challenge to the values of truth, and consequently trust, two value propositions in public office without which good governance is a mirage.

When falsehoods in public space are left unchallenged, a lot of things are compromised and the integrity of our politics or what is left of it collapses irredeemably.

Oguwike’s inane allusion to my so-called allegiance to paymasters is pathetic. It is too cheap a blackmail that deserves no response. I don’t know why he is feeling so self-important doing a job I turned down in 2007 – 14 years ago.

So, this is neither about Emeka Ihedioha nor being beholding to some political interests. At stake is the fate of a beleaguered Imo State and its over five million people.

I was in Abuja on January 16, 2020 when Oguwike called to inform me that Uzodimma had offered him appointment. I had nothing against that. They were friends and I gave my blessing. With the Supreme Court ruling, Uzodimma’s governorship had become a fait accompli.

But I have always told him that his principal didn’t win the March 9, 2019 governorship election, having come a distant fourth. That is the crux of the matter.

So, while he remains governor, it is sacrilegious for Uzodimma to continue claiming that the Supreme Court judgment restored the “mandate the good people of Imo State freely” gave him.

Uzodinma expresses support for social media regulation

Uzodimma was made governor on a platter of doctored election results by seven justices of the Supreme Court, none of whom voted in the election, and who subsequently refused to right their manifest wrong on the grounds that the court lacked powers to sit on appeal in its own judgment.

That is the truth that is haunting Oguwike and his co-travellers on the boulevard of falsehood. A truth Justice Nweze amplified when he disagreed with the Supreme Court heresy by insisting that a judgment or order can be set aside on merit.

“This court once set aside its own earlier judgment and therefore cannot use the time frame to extinguish the right of any person. This court has powers to overrule itself and can revisit any decision not in accordance with justice,” Nweze reminded his colleagues in his minority judgment.

But all that, perhaps, wouldn’t have mattered if Uzodimma is providing good governance. He is not, thus proving that while one can easily obtain power by trick (OBT), governing by deceit and propaganda is a much harder task.

Oguwike said no amount of hate commentary on his principal will make him remove his eyes on the governance ball to reposition Imo State.

That is exactly the wish of every well-meaning Imolite. Unfortunately, there is no ball right now in Uzodimma’s governance field, hence the resort to blatant falsehoods.

Oguwike ranted that Ndi-Imo have seen the construction/reconstruction of roads that will stand the test of time, reforms in the civil service like never before, and claimed they are getting their due from the government without being dehumanised.

Really? Which state is he talking about? The same Imo State where pensioners, old men and women, were beaten mercilessly by thugs for daring to demand payment of their pension arrears?

It is good to hear Uzodimma has turned Imo into a giant construction site and work is ongoing on the dilapidated Owerri-Orlu, Owerri-Okigwe roads. Does that mean that the construction giant, Julius Berger, has mobilised to site after signing a memorandum of understanding on those two roads with Uzodimma last year?

Oguwike wrote about the unprecedented reforms in the civil service without elaborating. Do the reforms entail non-payment of civil servants and teachers or pay cut for those who are lucky to be paid anything at all?

By the way, what has happened to the N2 billion Uzodimma claimed last year he was saving every month for the state through his “painstaking exercise of eradicating the stinking fraud in the public service payroll system?” Is there no longer limits to lies?

Granted, even at the best of times, the job of image-making is a tough call. It is even more so when dealing with a principal with a mountain of baggage.

But by his churlish antics, Oguwike is making a bad situation even worse, wrecking further, rather than remaking Uzodimma’s bad image.