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Nigeria loses $10bn to illicit financial flows – ICPC chairman

BOLAJI OWASANOYE, chairman of the Independent Corrupt Practices and Other Related Offences Commission (ICPC), has revealed that Nigeria accounts for 20 percent (about 10 billion dollars) of an estimated 50 billion dollars that Africa loses to illicit financial flows (IFFs).

Owasanoye, a professor and Senior Advocate of Nigeria (SAN), made the disclosure in his welcome remark at a physical and virtual Zoom meeting to review the report of IFFs in relation to tax.

According to the ICPC chairman, “The African Union Illicit Financial Flow Report estimated that Africa is losing nearly $50 billion through profit shifting by multinational corporations and about 20 percent of this figure is from Nigeria alone.”

The ICPC boss explained that taxes played “very strategic role in the nation’s political economy.”

Against this backdrop, he underscored the importance of the meeting, noting that it would afford participants the opportunity to openly discuss on how to effectively use the instrumentality of taxation to curb IFFs through “risk-based approach to monitoring and audit; due process in tax collection; structured tax amnesty framework especially that which is skewed in public interest; data privacy; timely resolution of audits and payment of tax refunds; and intelligence sharing among revenue-generating; regulatory; and law enforcement agencies.”

The ICPC boss also stated that for the contemporary tax man to remain relevant, he must build his capacity in areas of technology management, solution architects and an astute relationship manager.

He, therefore, pointed out that the objective of the meeting was to improve on the awareness on IFFs, especially in the areas of taxation.

In his contribution to the discourse, Muhammad Nani, executive chairman of Federal Inland Revenue Service (FIRS), expressed concerns that IFFs posed a serious threat to the Nigerian economy as the act often robbed the nation of resources needed for development.

Nani declared that tackling IFFs would expand the country’s tax base and improve revenue generation which was required for development.

He consequently pushed for policy reforms that would make it difficult for ‘capital flights’ to occur so that the country would be placed on the path of growth.

Other discussants at the event, who spoke with one accord, identified weak regulatory framework, opacity of financial system and lack of capacity, amongst others, as some of the factors fuelling IFFs.

The discussants again unanimously emphasised the need for capacity building of relevant stakeholders as one of the ways to stamp out illicit flows.

They, therefore, commended ICPC for leveraging its corruption prevention mandate to open a new vista in IFFs discourse in Nigeria.

Bandits, like civil war instigators, deserve to be pardoned, says Gumi

ABUBAKAR Gumi, an Islamic scholar, says the federal government should pardon bandits terrorising the northern part of the country because instigators of civil war were pardoned in the past.

Gumi said this on Thursday in Kaduna while responding to a statement credited to the Christian Association of Nigeria (CAN) that bandits should not be forgiven.

The Islamic scholar, who is also a self-acclaimed negotiator between the government and bandits, reiterated his stand that government should grant amnesty to them.

“If the country could pardon coup plotters who committed treasonable offences in the era of military administration, the bandits can as well enjoy similar forgiveness even better under democratic rule.

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“These people in the bush, who have taken arms, they are criminals. I wonder who is not a criminal. Since Nigeria forgave coup plotters, forgave those that killed, even those that instigated civil war, civil war that millions of people died from, I see no reason why we cannot accept their repentance,” Gumi said.

He disclosed that the bandits told him that they were ready to drop their arms if there was an assurance that legal actions would not be taken against them by the government.

Gumi said he found,  during his visit to  Niger State, that the bandits were victims of profiling, who had been arrested and punished for looking like herdsmen.

Against Gumi’s ‘recommendation,’ President Muhammadu Buhari said his administration would continue to deal with insurgents, bandits, kidnappers and other criminals constituting threats to innocent citizens across the country.

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Buhari, who was represented by Ibrahim Gambari, chief of staff, said this last Thursday, during a joint security meeting of Northern State Governors’ Forum and traditional rulers.

“Criminals are criminals and should be dealt with accordingly, without resorting to ethnic profiling. I have already tasked the new service chiefs to devise new strategies that will end this ugly situation where the lives of our people continue to be threatened by hoodlums and criminals,” he said.

Criminals in the northern part of the country have been responsible for abducting and kidnapping about 400 schoolchildren in Niger and Zamfara states in 2021.

Apart from the abductions, they have also been responsible for various violent activities that have unsettled many communities in the northern part of the country.

AfCFTA: NIDCOM to strengthen partnership with African countries

THE Nigerians in Diaspora Commission (NIDCOM) says it is working to strengthen partnership with other African countries in the face of the African Continental Free Trade Area (AfCFTA).

Abike Dabiri-Erewa, chairman and chief executive officer, NIDCOM, said this while delivering a keynote address at BusinessDay virtual ‘Diaspora Today’ event held on Thursday.

“The Commission intends to focus a lot more on Africa South-South cooperation. We have a huge population even in Africa and with the AfCFTA coming on board, it is an area to focus on,” she said.

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She noted that Nigerians were excelling everywhere in the world, adding that “70 percent of black doctors in America are Nigerians. I don’t think any country has the number and impact of the Nigerian diaspora anywhere in the world.”

The proposed South-South cooperation is expected to promote knowledge and expertise exchanges through programmes, projects and initiatives that have helped solve specific problems in the region.

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It will also encourage countries and partners to publish their successful policies, initiatives and activities that have led to the achievement of their development goals.

The AfCFTA is a free trade treaty that is intended to galvanise borderless trade among 54 of the 55 African nations. It was initiated in 2018, but commenced fully on 1st January, 2021. 

Fraud allegation: Investigate Yahaya Bello now, PDP tells EFCC

THE People’s Democratic Party (PDP) has called on the Economic and Financial Crimes Commission (EFCC) to investigate allegations of fraud against Yahaya Bello, Kogi State Governor.

This is contained in a statement signed by Kola Ologbodiyan, the PDP National Secretary, seen by The ICIR on Thursday.

Anti-Corruption Network, a group in Kogi,  has revealed that the governor is involved in money laundering worth billions of naira.

According to the PDP, the allegations against the governor explains why the people of Kogi state have been impoverished.


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PDP also called on Bello to “speak out on allegations of putrid deals including allegedly using certain officials of the Kogi State government as well as private individuals and firms to siphon, launder and cart away billions of naira meant for the development of Kogi State”.

The opposition party challenged Bello to speak to the alleged money laundering of billions of naira in several tranches through the award of contracts to “non-legal persons as well as “inactive companies with no transaction descriptions and due Process certification.

“Also, Gov Yahaya Bello should answer to allegations by the Anti-Corruption Network that he siphoned billions of naira through the award of contracts, without due process, to Southbridge Integrated Services Limited to the tune of N624 million, in addition to five other companies which allegedly got between N22 million N129 million, respectively.

“It is indeed disheartening that such funds were monies meant for infrastructural development, provision of healthcare, education facilities, road construction, payment of salaries and pension and other benefits, which have been deprived the people since the inception of the Bello administration,” the statement read in part.

As enshrined in the 1999 Constitution (as amended), the party further noted that the immunity clause does not prohibit the investigation of a sitting governor or the prosecution of his aides, officials or cronies who were used to steal public funds.

Reacting to the statement, Wilson Uwujaren, spokesperson for the EFCC, told The ICIR that the commission would do its job.

“Nobody told us before we investigate the ones that we have been investigating… so we would do our job,” Uwujaren told The ICIR.

Uzodimma: The governor as a quisling

THE idea of democracy is straightforward. “Democracy is government of the people for the people and by the people,” said Abraham Lincoln, the 16th president of the United States, a definition that borrows heavily from its meaning in Greek – “rule by the (simple) people.”

Lincoln simply amplified the essence of the concept, and his definition presupposes that in a democracy, the interest of the people is preeminent. It superintends over every other interest, including the interests of government officials. But the idea in an ideal democratic setting is for the interest of the people to resonate with the leaders since the ultimate goal is the promotion of the common good.

For this to happen, there must be a constitution, which, among other things, guarantees basic personal and political rights, fair and free elections, and independent courts of law.

In a democracy, the inalienable right of the people to choose, in a free and fair election, those that will allocate their collective values, is sacrosanct and inviolable because the fidelity of a leader to the common good is predicated on the fact that he owes his office to the sovereign will of the people expressed through the ballot box.

But when leaders in a so-called democracy access power not by the sovereign will of the people but through the back door, they are alienated from the people they claim to lead. Their allegiance is to those powerful external forces who brought them to power. Such leaders inevitably become quislings – traitors to the common good.

That is the wretched fate of Imo State today.

When Imolites went to the polls on March 9, 2019 to elect a governor, they voted massively for the candidate of the Peoples Democratic Party (PDP), Hon. Emeka Ihedioha; not Hope Uzodimma, the man now sitting pretty in Douglas House.

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The Independent National Electoral Commission (INEC) dutifully returned Ihedioha winner and on May 29, 2019, he took the oath of office.

But the sovereign will of the people was whimsically upended on January 14, 2020 when the Supreme Court illogically declared Uzodimma, the man who came a distant fourth, winner of the election in which the same Supreme Court had ruled barely two weeks earlier that he was not even a candidate.

While throwing out the petition of the governorship candidate of the Action Alliance (AA), Uche Nwosu, on December 20, 2019, the apex court ruled that he was not qualified to vie for the election because he doubled as both the candidate of the APC and AA.

In a lead judgment read by Justice Amina Augie, the apex court held that by virtue of double candidature, Nwosu, ab-intio, was not qualified to vie for the office.

In an April 29, 2020 article titled “Hope Uzodimma’s 100 days of hopelessness,” I predicted that the consequences of the Supreme Court’s shenanigan will be dire for the state. “What the country’s apex court did by imposing Hope Uzodimma on a people who rejected him at the polls is to create a hopeless situation for the state. The consequences are better imagined.”

You need to get this background to appreciate what is happening in Imo.

Today, the state is in a sorry state. There is little or no governance. Most workers are not paid their salaries as and when due. Those who are lucky to get paid at all take a cut without any explanation. Beyond all that, Imo is in a state of war, literally and metaphorically.

In the last 13 months since the Supreme Court torpedoed the electoral will of the people and imposed Uzodimma on them as governor, the stories have been horrifying, more so in the last two weeks.

On the invitation of Uzodimma, military fighter jets took to the skies on Thursday, February 18 reminiscent of the civil war years and rained bombs on towns and villages, killing and maiming innocent, law-abiding citizens in the name of hunting for operatives of the Eastern Security Network (ESN), the so-called military wing of the Indigenous Peoples of Biafra (IPOB) led by Nnamdi Kanu.

Suddenly, 51 years after the fratricidal war, Alaigbo has once again become a theatre of war, with videos showing old men, women and children running out of their homes, some of them half-naked and terribly frightened as military jets hovered above because Uzodimma wanted to please those who made him governor.

The only crime the IPOB activists committed was their audacity to resist Fulani bandits occupying the forests in the South East and committing unspeakable atrocities. Yet, no one is waging war against the bandits.

Last week, Uzodimma boasted that “our government decided to invite military to flush out IPOB and their so called ESN,” insisting that his administration will not hearken to the pleas of those calling for the withdrawal of the soldiers.

Nigerian Army contradicts Imo govt, describes Orlu shooting as fake news

He has made all manner of allegations against Igbo youths, accusing them of murdering “four Moslems doing their business in Orlu,” and killing “several policemen and innocent citizens in the area,” without any shred of evidence.

Of course, he has been hailed by those who gave him the power he did not merit. Yet, the same people hailing him as an action governor for decimating his own people are negotiating for not only unconditional amnesty for the Fulani bandits up North but insisting they be paid compensation by the Nigerian state.

Fulani bandits wreaking havoc across the country, we are told by the Northern elite, are not criminals. They are militants – and even freedom fighters – who have the right to carry AK47 riffles, not to protect themselves but to kill Nigerians, if need be, because the herdsmen are aggrieved.

Despite the carnage in the North, none of the governors hailing Uzodimma as a patriot has called for the military to flush out the bandits from their states even when they know where they are in the forests. Instead, they are negotiating and paying them millions of naira as ransom.

This week, Uzodimma went to Aso Rock to brief President Muhammadu Buhari on how well the military operation in Orlu was going.

“I came here (Presidential Villa), pleaded with Mr. President for his support and he sent additional support by sending in police and the military also came in. And that is where we are.

“It was on my invitation that the military came. And I did that because I know the situation was beyond the local arrangement, we needed help. And the help was given to us,” he told journalists after a close-door meeting with Buhari.

That is what quislings do – they collaborate with an enemy occupying force. Uzodimma could invite the military to decimate his own people because he does not owe any allegiance to them. He owes allegiance to those who made him governor.

He knows his power base. It is not Imo State. If he became governor without the people’s vote, why should he care a hoot about them?

While the battle is still raging in Orlu, a new theatre erupted in Owerri between Uzodimma and one of his co-conspirators, Senator Rochas Okorocha, former governor of the state. Discerning political observers know it is a war foretold – natural consequence of a shenanigan taken too far.

In his dissenting judgment when Ihedioha asked the Supreme Court to set aside its January 14, 2020 ruling, Justice Centus Nweze – who was not part of the original seven-member panel that nullified Ihedioha’s election – said most profoundly: “The decision of the Supreme Court in the instant matter will continue to haunt our (Nigeria’s) electoral jurisprudence for a long time to come.”

He was right. But it is not only the electoral jurisprudence the judgment is haunting. It is haunting Imo State terribly. It is also bound to haunt those who orchestrated the injustice. That is called nemesis, which explains the deadly tango between Uzodimma, Okorocha and Ifeanyi Araraume.

Okorocha’s humiliation over the weekend in a state he thought he had conquered is a well-deserved comeuppance. Same for Araraume who was denied the APC senatorial ticket in Okigwe. That is what happens when bootleggers sit back to share the spoils of their political philandering.

Interestingly, Okorocha’s son-in-law, Nwosu, has gone back to the Supreme Court to request a declaration that Uzodimma was not the APC candidate in the 2019 election. He is also praying the apex court to declare Ihedioha winner and mandate the INEC to once again issue him with the certificate of returns.

I wish the Supreme Court justices will appreciate the fact that Imo, a constituent part of Nigeria, will not know peace as long as Uzodimma continues to usurp a position he does not merit. And Nigeria will be worse for it.

Nigeria’s weekly diaspora remittances peak at $30m

THE Central Bank of Nigeria (CBN) says its recent initiatives to boost foreign exchange (FX) in the country are already yielding positive results, as weekly diaspora remittances to Nigeria surged by 500 percent to 30 million dollars, from 5 million dollars.

Godwin Emefiele, CBN governor, disclosed this in Abuja during the recent CBN/Bankers Committee’s initiative for economic growth hosted by the Vanguard.

He said measures put in place by the bank to increase the flow of diaspora remittances into the country using formal channels had helped to reduce the diversion of forex by recalcitrant International Money Transfer Operators (IMTOs), who had thrived from forex arbitrage arrangements, rather than on improving transactions volumes to Nigeria.

“In December 2020, we instructed all international money transfer operators to provide remitters with the option of sending foreign exchange to beneficiaries in Nigeria. Indeed, we have already seen remittances improve from a weekly average of about $5m before this policy, to over $30m per week,” Emefiele noted.

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“It is therefore imperative that we do all we can in 2021 to ensure that we build on the positive momentum and strengthen our efforts at stimulating growth. This will be a year of massive economic recovery and Nigeria must not be left out,” he added.

Speaking on the response by monetary and fiscal authorities to the impact of COVID-19 on key economic variables, the governor explained that measures were put in place to prevent the economy from going into a tailspin.

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He said the first objective of the bank was to restore stability to the economy by providing assistance to individuals, small and medium enterprises (SMEs) and businesses that had been severely affected by the pandemic, as well as by the lockdown measures.

The event themed ‘How to Overcome the Pitfalls of Recession: Bankers Perspectives on an Enduring National Growth Path’ had both in-venue attendees from the financial sector, as well as virtual participants such as state governors and other dignitaries.

How party politics led to impeachment of Ogun deputy speaker

OLUDARE Kadiri, deputy speaker of Ogun State House of Assembly and member representing Ijebu-North II constituency, has been impeached.

Olakunle Oluomo, speaker of the House of Assembly, pronounced Kadiri’s impeachment during a plenary on Thursday at the Assembly Complex, Oke-Mosan, Abeokuta.

Oluomo said the impeachment followed the report of an ad hoc committee constituted to investigate allegations against him, which found him guilty.

Bello Atinuke, Assembly chief whip, confirmed the impeachment to The ICIR during a telephone interview.

According to a report, 19 out of 26 members of the Assembly voted in support of the motion for Kadiri’s impeachment after the committee’s report presentation.

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Party politics turn violent

Kadiri was found guilty by the ad hoc committee of leading suspected hoodlums to invade the residence of Tokunbo Talabi, secretary to the state government.

He was also accused of leading the same thugs to invade the residence of a former legislator, Adebiyi Odugbesan.

Following complaints by the victims of the incidents, the former deputy speaker was detained for about two days at the State Criminal Investigation Department, Eleweran, Abeokuta, the state capital.

Kadiri was said to have invaded the residences of the SSG and Adegbesan because they were allegedly hoarding the materials for the ongoing membership registration of the All Progressives Congress (APC).

A few days ago, Abimbola Oyeyemi, Ogun State police public relations officer, had said Kadiri could be arraigned before the court over charges bordering on violent conducts, except the parties involved decided otherwise.

When contacted to find out if Kadiri would be arraigned following his impeachment, Oyeyemi told The ICIR on Thursday that the parties involved had not contacted the police on the next process.

“I equally told you that if those that reported him resolve to settle the matter out of court, we might not arraign him… but they are yet to get back to us on that,” Oyeyemi said.

Apart from Ogun State, other states across the country have reported violence and disruption concerning the validation of the APC membership registration.

Earlier in February, there had been a report of violence during an APC meeting towards the revalidation exercise at the Banquet Hall of Government House in Ilorin, Kwara State. The violence erupted following a clash between two factions of the party.

Also in Anambra State, some members of the party were attacked during the visit of members of the registration and revalidation committee in Ajali, Orumba North Local Government Area of the state.

An eyewitness said the violence erupted in Ajali when some thugs were led into the distribution centre in the presence of the state caretaker chairman, Basil Ejidike, and national registration committee members who came to know why the materials were yet to get to polling units.

No COVID-19 vaccine for states yet to meet safety requirements, says FG

THE federal government says states that are yet to meet safety requirements will not get the newly arrived AstraZeneca COVID-19 vaccine.

Faisal Shuaib, executive director of the National Primary Health Care Development Agency (NPHCDA), said this during a State House briefing on Thursday in Abuja, the nation’s capital.

According to Shuaib, strategic leaders in the country would take the vaccine first before distribution to states would take place.

“After we are able to get our strategic leaders to publicly demonstrate that these vaccines are safe, the plan is to now go to the state level to start the launch at the treatment centres of the states and also get strategic leaders such as governors to publicly take the vaccines.

“By the time all of these happen, we will have finished all of the necessary preparations, we will have created a dashboard that will track very carefully the status of the preparedness of the states,” Shuaib said.

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“For example, we have communicated to the states that they have to wrap up their security around their cold stores because these are very valuable vaccines and we do not want a situation where vaccines are taken to the states and criminal elements take advantage to vandalise these cold stores,” the NPHCDA boss stated.

However, he noted that the government was aware that cold stores were vandalised during the #ENDSARS protest and some states were already working to fix it.

Muhammed Ohitoto, spokesperson for the NPHCDA, was contacted to provide the list of states that had met the requirements, but there was no response as of the time of filing this report.

VISIT ICIR COVID-19 DASHBOARD

Frontline health workers, Buhari, Osinbajo, others to receive vaccines

The NPHCDA boss also disclosed that frontline health workers of the National Hospital, Abuja, would launch the vaccination programme on Friday.

He added that the launch would be conducted by Boss Mustapha, chairman of the Presidential Task Force on COVID-19 and secretary to the government of the federation (SGF).

“The plan is to vaccinate the frontline health workers that work in the treatment centre of the National Hospital. Those will be the first people just like we have communicated that frontline health workers will be the first people to take the vaccines,” Shuaib noted.

Shuaib further stated that President Muhammadu Buhari, Vice president Yemi Osinbajo and other ‘strategic leaders’ would receive the vaccine on Saturday to increase public confidence in getting vaccinated.

“As you are well aware that even before the vaccines arrived in Nigeria, there is a lot of hesitancy. It is a global phenomenon. Vaccine hesitancy is similar no matter where you are, you have to provide the right information and to those people who have questions, we cannot dismiss their cynicism,” Shuaib said.

Civil servants to work from home till end of March – FG

THE federal government has extended the work-from-home directive to civil servants from Grade Level 12 and below until the end of March.

Folasade Yemi-Esan, head of civil service of the federation (HOCSF), made the announcement in a statement issued by Abdulganiyu Aminu, director of press and public relations, office of the HOCSF, on Thursday.

“All public servants on GL12 and below have been directed to continue working from home till the end of March 2021.”


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Yemi-Esan said the latest directive was in adherence to the advice of the Presidential Task Force (PTF) on COVID-19.

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She stressed that the COVID-19 downward trend needed to be maintained, hence the need to extend the work-from-home directive.

She also emphasised the need for all public servants to continue to ensure strict compliance with the existing guidelines on the prevention and spread of the virus.

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She enjoined all permanent secretaries and chief executive officers of parastatals to bring the content of the circular to all concerned and ensure strict compliance.

Reactions as Oba of Lagos claims hoodlums stole $2m, N17m during #EndSARS palace invasion

RILWAN Akiolu, Oba of Lagos, has claimed that hoodlums stole two million dollars and 17 million naira during an invasion of his palace on October 21, 2020.

Disclosing this during the commissioning of Glover Memorial Hall in Lagos on Wednesday, Akiolu said the state experienced the highest degree of damage compared with others during the #EndSARS protest.

The monarch said he had appealed to the federal government to support Lagos in its rebuilding efforts.

He decried the attack on his palace, saying that those who perpetrated the act were ignorant of their actions.

“I will support anything that will move Lagos forward. I have appealed to the federal government to assist Lagos with what we have suffered. We host many people here, not Lagosians alone. The incident that happened here from October 20th to 23rd is so saddening,” he said.

“The destruction we suffered in Lagos is so enormous than in any other part of the country. Many buildings were burnt, including vehicles used to generate income. I can now say publicly that they stole away from my palace 2 million dollars and 17 million naira.

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“Those who committed the offence would not have done that if they know the implication. But as a father, I won’t place any curse on them.”

Akiolu had returned to his palace two months after the mob invasion.

Background

Following the violence that broke out in Lagos after armed military operatives opened fire on unarmed #EndSARS protesters at Lekki Toll Gate on October 2020, a mob had broken into the king’s palace and attempted to set it on fire. 

It took the intervention of security operatives to rescue the monarch from the angry mob, but the palace was vandalised.

The monarch’s staff of office was declared missing after the invasion, but it was later found.

Reactions

The monarch’s claim has sparked a lot of reactions among Nigerian Twitter users, with several of them calling for his investigation and prosecution by the Economic and Financial Crimes Commission (EFCC). Many wondered how the traditional ruler, who was a police officer with a modest salary, made such money.

https://twitter.com/unyime_leo/status/1367359036623106048?s=20