AFOLABI

AFOLABI

The founder and presiding shepherd of Salvation Ministries, Pastor David Ibiyeomie, has asserted that God sent the first creation, Adam, out of the garden of Eden because he touched his tithe.

Naija News reports that Pastor Ibiyeomie’s claim regarding the biblical figure Adam and his purported connection to tithes has generated heated arguments on social media.

 

In a viral video seen online, Pastor Ibiyeomie linked Adam’s tragic downfall as a result of eating the ‘forbidden fruit,’ the Apple to imply an ill-fated decision to handle what God had explicitly commanded him to avoid.

With passionate conviction, Pastor Ibiyeomie explored the profound implications of tithing, framing it as a religious obligation and a divine principle of immense significance.

He asserted that the essence of Adam’s transgression was rooted in his failure to adhere to God’s directive concerning the tithe, claiming that this act of disobedience ultimately set the stage for humanity’s fall from grace.

Naija News reports that Christians have been familiar with scriptures that vividly depict the apple as the forbidden fruit, representing the alluring temptation God specifically instructed humanity to shun.

This fruit, taken from the tree of the knowledge of good and evil, has long been associated with the Genesis of sin.

It is worth noting that Adam and Eve’s ill-fated choice led to their expulsion from the idyllic paradise of Eden.

However, Pastor Ibiyeomie has shared a different belief with his congregation on the issue of Tithing and Adam’s punishment for allegedly refusing to pay the tithe.

Watch the video clip below.

Yoruba Nollywood actress, Atinuke Kazeem, better known as Mama No Network, has opened up about her broken marriage to her colleague, Baba Lanko.

Naija News reports that the comic actress, in an interview with her colleague, Biola Adebayo, on the YouTube show, ‘Talk with B’, revealed how she and Lanko worked together to produce films.

 

The movie star said Lanko sought to marry another wife after he found fame and money.

Atinuke also stated that after the dissolution of their marriage, Lanko blocked her from appearing in the same films as him.

The thespian further recounted the struggles she faced with infertility during their marriage, including undergoing extreme measures like drinking kerosene, which made her bloated.

She added that God eventually “answered her prayers” by making her conceive naturally.

In her words, “My ex-husband, Lanko, and I worked hard to produce many films. But when money and fame came, he told me he wanted to marry a new wife.

“After we parted ways, he told producers not to feature me in the same projects as him. Today, however, he now uses his money to call me for movie roles, and I give glory to God.

“I wasn’t the one who left the marriage; he simply stopped coming home. During our time together, I faced immense difficulties while trying to have a child. I went through hell.

“At one point, I was given kerosene to drink. All those desperate measures affected me, leading to my bloated stomach. When I finally gave up hope, God answered my prayers, and the pregnancy came naturally.”

In May 2023, Mama No Network tied the knot to a younger partner.

The House of Representatives has approved a request by President Bola Tinubu to refund approximately ₦24 billion to the Kebbi and Nasarawa state governments for the construction of two airports that have been taken over by the Federal Government.

Naija News reports that in a letter dated May 16, 2024, and addressed to House Speaker Tajudeen Abbas, Tinubu urged the House to approve refunds of ₦15 billion to Kebbi State and ₦9 billion to Nasarawa State for the construction of Sir Ahmadu Bello International Airport in Birnin Kebbi and Lafia Cargo Airport, respectively.

 

The letter pointed out that the Federal Executive Council, during its meeting on May 23, 2023, approved the reimbursement through promissory notes.

The approved refund for Nasarawa State amounts to ₦9.54 billion, while Kebbi State will receive ₦15.14 billion.

On Thursday, the House Committee of Supply considered and approved the report submitted by the Chairman of the Committee on Aids, Loans, and Debts Management, Abubakar Nalaraba.

The approval formalized the reimbursement of funds based on the claims made by both state governments.

World Bank Approves $500 Million Loan To Tinubu Govt

Meanwhile, Tinubu’s government has just secured a $500 million loan from the World Bank to facilitate the Sustainable Power and Irrigation for Nigeria (SPIN).

The initiative, Naija News understands, aims to mitigate challenges arising from climate change.

The Regional Director of Sustainable Infrastructure Development for West and Central Africa at the World Bank, Chakib Jenane, disclosed the loan details during a Thursday meeting with Prof. Joseph Utsev, the Minister of Water Resources and Sanitation in Abuja.

Jenane indicated that the SPIN project received approval during the World Bank’s Board meeting held on September 26 and is set to commence in January 2025.

He explained that the project is intended to tackle climate-related challenges such as floods and droughts by enhancing dam safety, improving water resource management, and expanding irrigation services.

The World Bank director noted that the initiative will benefit around 950,000 individuals, including farmers and livestock producers.

Jenane underscored the importance of Nigeria continuing its preparations to fulfill the remaining conditions necessary for the project’s successful implementation by the January 2025 deadline.

Additionally, the World Bank team provided an update on the Transforming Irrigation Management in Nigeria (TRIMING) project, which is approaching completion.

The team also reported on the Sustainable Urban and Rural Water Supply, Sanitation, and Hygiene (SURWASH) programme, highlighting the necessity of involving additional states in this initiative.

Jenane urged the ministry to consider establishing a National WASH Fund, a critical goal under the Disbursement Linked Indicator (DLI) 1 of the SURWASH programme.

In his remark, Utsev expressed his appreciation to the bank for continuing to support Nigeria’s development, particularly in sustainable infrastructure and water resource management.

The Minister assured the delegation that the Nigerian government would allocate the required counterpart funding to guarantee the effective execution of all projects supported by the World Bank.

Utsev further highlighted the significance of adhering to the timeline for the TRIMING Project and reiterated the ministry’s dedication to achieving the project’s deadline of January 2025.

Additionally, the Minister of State for Water Resources and Sanitation, Dr. Bello Goronyo, expressed gratitude to the World Bank for its endorsement of the SPIN project.

Goronyo also reaffirmed the ministry’s commitment to ensuring the project’s success through cooperative initiatives.

The sustained rise in the prices of goods and services in Nigeria is driven by a complex interplay of domestic economic challenges, monetary policy decisions, and external factors. The trends identified by manufacturers, agricultural experts, and economic analysts reveal that inflationary pressures are likely to persist, affecting both the productive and service sectors. This analysis will explore the various underlying causes and how they are expected to shape price trends in Nigeria.

1. Monetary Policy and Rising Interest Rates

The continuous increase in the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN), now at 27.25%, has had a ripple effect across the Nigerian economy. The Manufacturers Association of Nigeria (MAN) has expressed concerns that higher borrowing costs, which now exceed 35%, are compounding the challenges faced by the manufacturing sector. With the cost of credit rising, manufacturers are forced to either raise prices to cover costs or reduce production capacity, exacerbating supply shortages.

As production costs rise, the prices of manufactured goods inevitably increase, further eroding consumer purchasing power. This cost-push inflation is particularly damaging for a country like Nigeria, where many industries depend on imports for raw materials. As the Naira continues to depreciate, manufacturers pay more for inputs, worsening the inflationary spiral.

2. Depressed Consumer Demand and Inventory Buildup

Despite rising production costs, many manufacturers face the challenge of declining consumer demand due to reduced purchasing power. With inflation soaring, consumers are spending more on essential goods like food and fuel, leaving less disposable income for other goods and services. As a result, manufacturers are accumulating unsold inventory, which reached ₦1.24 trillion in the first half of 2024—a significant increase from ₦869.37 billion at the end of 2023.

This situation is unsustainable for the manufacturing sector, as companies must either continue raising prices to offset losses or cut production, leading to layoffs and potential business closures. The resulting unemployment would further suppress demand, creating a vicious cycle of stagnating economic activity and rising inflation.

3. Food Inflation and Agricultural Challenges

The agricultural sector, a crucial component of Nigeria’s economy, is also grappling with significant challenges that are contributing to rising food prices. Worsening insecurity, particularly in the northern regions, has severely disrupted farming activities, reducing both output and productivity. Armed conflicts and banditry have prevented farmers from accessing their lands, while attacks on rural communities have driven many farmers away from agricultural activities altogether.

Moreover, Nigeria suffers from a lack of adequate storage and processing facilities. According to the Food and Agriculture Organisation (FAO), Nigeria loses up to 50% of its agricultural produce post-harvest due to poor infrastructure, inadequate storage, and inefficient food processing methods. This wastage leads to shortages, driving up the prices of staple foods such as grains, fruits, and vegetables. Even during harvest seasons, when prices typically ease, the lack of proper storage ensures that these gains are short-lived, with prices quickly rebounding after seasonal abundance passes.

The combination of insecurity, high post-harvest losses, and inefficient food distribution systems guarantees that food prices will remain elevated in the near and medium term, putting further pressure on household budgets.

4. The Depreciation of the Naira and Smuggling

One of the most significant factors driving inflation in Nigeria is the persistent depreciation of the Naira, particularly against stronger currencies like the CFA franc in neighboring countries. As the Naira weakens, the price differential between Nigeria and its neighbors increases, creating opportunities for smugglers to move food items and other essential goods out of Nigeria to sell them at higher prices.

This cross-border smuggling exacerbates local shortages, further driving up domestic prices. With the Naira currently trading at around ₦1,700/$ in the parallel market, there is little hope for a near-term recovery. The government’s decision to float the Naira in 2023, while aimed at addressing exchange rate imbalances, has led to increased volatility in the currency market, with speculative activities and weak foreign investment inflows adding to the pressure on the Naira.

Without robust interventions to stabilize the currency, such as increasing foreign reserves or attracting substantial foreign investment, the exchange rate is likely to remain under pressure. This continued depreciation will ensure that imported goods, including food items and raw materials for manufacturing, remain expensive, further fueling inflation.

5. Energy Costs and Petrol Price Increases

Energy prices, particularly petrol, have been a key driver of inflation in Nigeria. The removal of petrol subsidies by the Tinubu administration has led to a sharp increase in fuel prices, with petrol now selling for around ₦1,000 per liter—up from ₦187 per liter when the administration took office. Given that transportation costs account for a significant portion of the cost structure for many goods and services, the impact on inflation has been profound.

Higher fuel prices have not only driven up the cost of transporting goods but also increased the operating costs for small businesses and households that rely on petrol-powered generators due to the country’s unreliable electricity supply. With global oil prices likely to remain high due to geopolitical tensions and the depreciation of the Naira against the U.S. dollar, petrol prices are unlikely to decline soon, ensuring that energy costs will continue to be a major contributor to inflation.

6. Structural Economic Issues and Foreign Exchange Shortages

Nigeria’s heavy dependence on crude oil exports and the chronic underperformance of the oil sector, due in part to oil theft and declining production, have reduced the country’s foreign exchange earnings. This, in turn, limits the ability of the Central Bank of Nigeria (CBN) to stabilize the Naira through interventions in the foreign exchange market.

With dwindling foreign reserves and limited inflows from non-oil exports, Nigeria has been unable to meet the foreign currency needs of manufacturers and importers. The resulting scarcity of foreign exchange has led to higher costs for imported goods, from industrial machinery to everyday consumer products. Until Nigeria can diversify its export base and increase foreign exchange earnings, these challenges will persist, keeping the pressure on prices.

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The Nigerian National Petroleum Company Limited has pledged 272,500 barrels per day of crude oil through a series of crude-for-loan deals totalling $8.86bn.

By pledging 272,500 barrels daily, it means that about 8.17 million barrels of crude will be used for different loan deals by the national oil firm on a monthly basis.

This is according to an analysis of a report by the Nigeria Extractive Industries Transparency Initiative and the NNPC’s financial statements.

Under these deals, notable projects include Project Panther, Project Bison, Project Eagle Export Funding (Original, Subsequent, and Subsequent 2 Debts), Project Yield, and Project Gazelle.

According to The PUNCH’s findings, NNPC has already fully repaid $2.61bn in loans, representing 29.4 per cent of the total credit facility, while $6.25bn or 70.6 per cent, remains outstanding.

Also, out of the $8.86bn credit facility, only about $6.97bn has been received from seven crude-for-loan deals.

One of the key projects, Project Panther, involves a joint venture between NNPC and Chevron Nigeria Limited, backed by international and local banks.

The project secured a $1.4bn loan facility, with 23,500bpd pledged to service the debt. Repayment is set to commence after a moratorium, with financing terms including an SOFR (Secured Overnight Financing Rate) plus 5.5 per cent margin and a liquidity premium.

Another significant deal is Project Bison, tied to NNPC’s attempt to acquire a 20 per cent equity stake in the Dangote refinery. However, the national oil company only acquired a 7.25 per cent stake.

The project secured a $1.04bn loan from Afrexim Bank, with 35,000 bpd pledged as collateral. NNPC fully repaid this loan in June 2024.

Project Eagle Export Funding comprises three separate loans aimed at meeting various financial obligations.

The original loan, secured in 2020 for $935m, was serviced with 30,000 bpd and was fully repaid by September 2023.

A subsequent loan of $635m was also fully repaid by the same period. The third tranche, known as Project Eagle Export Funding Subsequent 2 Debt, was secured in 2023 for $900m, with 21,000 bpd pledged. Repayment is scheduled to begin in June 2024, and the loan will mature in 2028.

Project Yield, designed to support the Port Harcourt Refining Company, involves a $950m loan, with 67,000 bpd pledged for repayment.

The repayment of the loan, secured in 2022, will begin in December. This seven-year facility is crucial to refurbishing the refinery and enhancing domestic refining capacity.

However, despite this crude-for-loan arrangement, fuel production at the Port Harcourt refinery has yet to commence, despite multiple postponements as of August. Promises from the Federal Ministry of Petroleum Resources and NNPC have repeatedly fallen through.

More recently, there was the Project Gazelle deal, which aimed to stabilise Nigeria’s foreign exchange market.

In December 2023, NNPC secured a $3bn forward sale agreement, pledging 90,000bpd from Production Sharing Contract assets to cover future tax and royalty obligations.

As of the end of 2023, $2.25bn had been drawn from this facility, with repayments scheduled to begin by mid-2024.

These crude-for-loan deals come at a time when Nigeria is struggling to boost its oil production.

The NEITI 2022-2023 report revealed a significant decline in crude oil output, reaching the lowest levels in a decade. In 2022, the country produced 490.94 million barrels of crude oil, a steep drop from the peak of 798.54 million barrels in 2014.

Although production slightly improved to 537.57 million barrels in 2023, this still represents only 67.16 per cent of the country’s peak production capacity.

One of the major challenges facing the sector is production deferment. In 2023, Nigeria deferred 110.66 million barrels of crude oil, down from 153.44 million barrels in 2022.

The deferment was primarily due to unscheduled maintenance, repair issues, and oil theft.

Despite government efforts to curb these issues, including initiatives to reduce theft and sabotage, operational inefficiencies persist.

NEITI reported that oil theft and sabotage resulted in the loss of 5.25 million barrels in 2023, exacerbating production struggles.

The House of Representatives Special Joint Committee recently directed NNPC to halt further crude-for-loan agreements.

This directive follows reports that the company is planning to borrow an additional $2bn in oil-backed loans amid efforts to settle a $6bn backlog owed to international oil traders, particularly following the removal of fuel subsidy.

The PUNCH earlier reported that the NNPC was in talks for another oil-backed loan to boost its finances and allow investment in its business, according to the Group Chief Executive Officer, NNPC, Mele Kyari.

Kyari said the company wanted the new loan against 30,000-35,000 barrels per day of crude production, though he declined to say how much money it sought.

Nigeria’s government finances rely on oil the NNPC exports, which provides the bulk of crucial foreign exchange reserves. However, pipeline theft and years of underinvestment have sapped oil production in recent years, and the cost of fuel subsidies has further depleted cash reserves.

On August 17, 2023, the NNPC announced that it had secured a $3.3bn emergency crude oil repayment loan from the African Export-Import Bank.

It explained at the time that the oil company would use the loan to support the Federal Government in stabilising Nigeria’s exchange rate.

The facility, among other things, would help the Federal Government attend to some of its dollar obligations, assist the Central Bank of Nigeria in stabilising the foreign exchange market, and provide funding for NNPC.

Providing details about the deal in the document titled, “Everything you need to know about the NNPC Limited’s $3.3bn loan, also known as Project Gazelle,” NNPC said, “This is a financing agreement secured by NNPC Limited to prepay future royalties and taxes to the Federal Government.”

The company also stated that it adopted a lower price benchmark for the $3.3bn crude-for-cash loan to reduce the risk of default and ensure financial stability.

Giving details on the benchmark oil price, the company said the facility used a conservative crude price of $65/barrel to calculate the allocated crude to be produced and sold.

NNPC also said repayments were strategically planned and tied to future oil sales, with conservative pricing in oil sales contracts mitigating the risks associated with oil price volatility.

Friday, 04 October 2024 13:02

Cost of healthy diet rises by 28% – NBS

The rising cost of maintaining a healthy diet has put a strain on many Nigerians, as the average daily cost of a healthy diet in the country reached N1,255 per adult in August 2024, according to the National Bureau of Statistics.

The NBS in a report released on Thursday that the increase represented a 28 per cent rise compared to N982 in March 2024.

The bureau collects retail food prices monthly from over 10,000 outlets nationwide to monitor inflation trends, including the prices of more than 200 food items.

“Animal source foods were the most expensive food group in August, accounting for 37 per cent of the total cost of a healthy diet while providing only 13 per cent of total calories,” the report highlighted.

 
 

At the state level, costs varied, with Ogun, Lagos, and Rivers states recording the highest average daily costs of N1,641, N1,615, and N1,572, respectively.

“Katsina, Kaduna, and Sokoto, however, had the lowest costs, at N880, N951, and N980 per day,” the report further noted. These regional disparities highlight the unequal access to affordable nutrition across the country.

“At the zonal level, the South West zone recorded the highest average daily cost of N1,554, followed by the South-South zone at N1,381. “The North West zone recorded the lowest cost of a healthy diet at N1,041 per day,” NBS added.

 

The surge in costs was attributed to the rising prices of key food groups.

“Legumes, nuts, seeds, starchy staples, and vegetables were the main drivers of the increase in the cost of a healthy diet,” the report explained.

Despite the 28 per cent increase over the past six months, there was a 0.8 per cent decline in the cost compared to July 2024, which was N1,265 per day.

In addition to the rising food costs, the NBS report showed that the price of vegetables dropped by 14.5 per cent on a month-to-month basis in August.

As food prices continue to rise, experts warned that more Nigerians may find it increasingly difficult to access nutritious food.

The NBS also compared the cost of a healthy diet with the general consumer price index, noting that since July 2023, the cost of a healthy diet has been rising faster than the prices of other goods and services in Nigeria.

“The cost of a healthy diet increased at a faster rate than all goods and services in the past year,” it stated.

A former Acting Governor of the Central Bank of Nigeria (CBN), Folashodun Shonubi, has said he learnt that there were intrigues and politics in the naira redesign exercise carried out in 2022.

Shonubi, then Deputy Governor (Operations) before his appointment as Acting CBN Governor, said the former Governor of the CBN, Godwin Emefiele, told him and others that there were intrigues and politics in the whole exercise.

Shonubi, now retired, who is the Prosecution’s third witness, made this claim in reaction to a question from Emefiele’s lawyer, Olalekan Ojo, at the resumed hearing in the trial of the ex-governor of the CBN.

Emefiele is being prosecuted by the Economic and Financial Crimes Commission (EFCC) before the High Court of the Federal Capital Territory FCT (FCT) on four counts bordering on disobedience to the direction of law and illegal act causing injury to the public about the naira redesign exercise.

There are indications that the supply of crude oil in naira by the Nigerian National Petroleum Company Limited to the Dangote Petroleum Refinery which should have started on October 1, 2024, has yet to begin as of Thursday, October 3.

Officials at the Dangote refinery and those at the Nigerian Upstream Petroleum Regulatory Commission, Federal Ministry of Finance, and NNPC, among others, stayed mute when contacted for updates on the naira-for-crude deal between NNPC and Dangote.

On Monday, The PUNCH reported that the Technical Sub-Committee on Domestic Sales of Crude Oil in Local Currency had confirmed the preceding day that the supply of crude in naira by NNPC to the Dangote refinery would begin on Tuesday, October 1, 2024.

On September 13, 2024, the committee announced that the Federal Executive Council under the leadership of President Bola Tinubu approved the sale of crude to local refineries in naira and the corresponding purchase of petroleum products in naira.

 
 

“From October 1, NNPC will commence the supply of about 385kbpd (385,000 barrels per day) of crude oil to the Dangote refinery to be paid for in naira,” the committee had declared.

The Chairman of the Technical Sub-Committee is Zacch Adedeji, who doubles as Chairman of the Federal Inland Revenue Service.

The Special Adviser on Media to the FIRS Chairman, Mr Dare Adekanmbi, had responded in the affirmative when contacted on Sunday and asked if the plan for the crude oil supply to the $20bn Lekki-based plant was still intact.

 

“I can confirm that the Chairman of the Sub-Technical Committee, Zacch Adedeji, is working day and night to ensure that things go according to plans. He knows how important it is to have the agreement implemented as has been planned for the benefit of Nigerians,” Adekanmbi had stated.

But on Thursday, impeccable sources with three domestic refineries stated that they were not aware if the deal had commenced.

NNPC officials stayed mute when contacted for updates on the deal, directing our correspondent to the Ministry of Finance to get answers. The finance ministry did not provide answers when contacted.

However, a senior official with a domestic refinery said crude oil refiners including Dangote were still awaiting the Federal Government for the supply of crude in naira.

The official also noted that the government through its committee on crude-for-naira had assured operators that efforts were in top gear to deliver on the deal.

“You know that said it was to start on October 1, the technical committee is the one in charge now and they are working on it. They are supposed to arrive at a particular agreement and communicate it to us.

“But I can tell you that as of this moment, we haven’t received that communication yet. We are still waiting for them,” the operator who spoke in confidence due to lack of authorisation to speak on the matter, stated.

 

Another source with a major modular refinery, who is familiar with the deal, said, “The crude oil refiners’ body in Nigeria hasn’t been communicated yet on the deal. So we await the official communication because up till last week, we spoke with them (the government) and they assured us that the deal was still on course.

“However, I’d like to state that deals of this nature take a while before they are completed. There are a lot of things to be sorted before a final decision is reached. So we have to wait for them.”

The government explained in September that the naira-for-crude initiative would help reduce pressure on the naira, eliminate unnecessary transaction costs, and improve the availability of petroleum products across the country.

“Since then, the implementation committee chaired by the Minister of Finance and we, the technical committee, have worked intensely with NNPC and Dangote refinery to fashion out the details of the modalities for the implementation of the FEC approval,” Adedeji had stated.

While stating that crude would be sold to Dangote in naira from October 1, the committee chairman and FIRS boss said, “In return, the Dangote refinery will supply PMS (petrol) and diesel of equivalent value to the domestic market to be paid in naira.

“Diesel will be sold in naira by the Dangote refinery to any interested off-taker. PMS will only be sold to NNPC. NNPC will then sell to various marketers for now. All associated regulatory costs (NPA, NIMASA, etc.) will also be paid in naira. We are also setting up a one-stop shop that will coordinate service provision from all regulatory agencies, security agencies, and other stakeholders to ensure a smooth implementation of this initiative.”

Adedeji explained that the technical committee that worked to flesh out the initiative would transition to an implementation execution and monitoring committee that would be working out of Lagos for the next three to six months.

The House of Representatives, on Thursday, approved a bill seeking to establish the Nigeria Surrogacy Regulatory Commission for the monitoring and supervision of surrogacy arrangements in Nigeria.

The bill aims to “provide for the registration, regulation, and monitoring of surrogacy agencies in Nigeria and related matters.”

Leading the debate on the general principles of the proposed legislation, the sponsor of the bill, Ayodeji Alao-Akala, stated that the bill seeks to regulate and evaluate surrogacy in Nigeria to ensure that medical and health laws are not violated.

He added that it will also protect those seeking to overcome infertility.

Alao-Akala highlighted that a black market has emerged within the system, which takes advantage of the needs of expectant parents and exploits them.

He further stated that surrogate mothers and the children to be born also require legal protection.

Following its adoption, the Speaker, Tajudeen Abbas, referred the motion to the House Committee on Healthcare Services for further legislative action.

A Senior Advocate of Nigeria and Human Rights lawyer, Femi Falana, has stated that he does not know a controversial crossdresser, Idris Okuneye, popularly known as Bobrisky and does not have any business dealings with him.

In a viral audio posted by a blogger, Martins Otse, also known as VeryDarkMan, Bobrisky had claimed that he bribed some Economic and Financial Crimes Commission officials with N15 million to drop the money laundering charge against her.

In the purported recording, the crossdresser also claimed that her “godfather,” alongside the Controller-General of the Nigerian Correctional Service, Haliru Nababa, ensured she served the six-month sentence in a private apartment and not in prison.

Sharing his opinion on the development, VeryDarkMan alleged that Falana sought a presidential pardon for Bobrisky in exchange for N10 million.

However, the blogger, who appeared before the House of Representatives Joint Committee on Financial Crimes and Reformatory Institutions on Monday, apologised to Falana over his recent derogatory innuendos against him.

But speaking on Channels Television’s Politics Today on Thursday, Falana denied having anything to do with Bobrisky or ever meeting or speaking with the crossdresser.

 

The senior lawyer said he has assisted 280 convicted people both home and abroad in getting a pardon, and never on any occasion has he or his law firm demanded or received a dime from anybody granted a pardon. 

He said, “Bobrisky never spoke to me, I have never met him, I do not know him from Adam. He was alleged to have spoken to my son Folarin (Falz).

“Yes, my son said this guy was appealing to people for assistance and called my son I think on May 4 this year – please can you give me N3 million to be placed in a special part of the prison, we call it the VIP section.

“My son asked him, are you calling me under the authorization of the superintendent of prisons? He said no – please don’t call me again, I am unable to assist you to bribe the prison authorities and be very careful since you are already in prison for an offence.

“Please if you are you are going to call me next time, you either do through the superintendent or you write a letter endorsed by the prison authorities and that was the last. Somebody now start releasing tapes somewhere and went out to lampoon and rather defame me by saying the guy has spoken to me.”