
FEATURES
Nigerian singer Cynthia Morgan, now known as Madrina, has appealed to President Bola Tinubu to implement urgent measures to address the excruciating hardship in the country.
She stated that she was among those who applauded President Tinubu when he removed the subsidy on petrol, but the current hardship resulting from the subsidy removal has become unbearable.
Speaking in a video message shared via her TikTok page recently, Madrina said, “Are you guys feeling what I am feeling? I’m not even going to lie, I’m feeling it o! And it’s quite unfortunate that we might not be able to do much other than plead with the government. Because spending over $8 billion on subsidy doesn’t make any sense.
“From my findings, the total annual revenue for Nigeria in 2023/2024 was around 20-something billion dollars. So imagine spending $7 billion on subsidized petroleum products. It doesn’t make any sense.
“I was one of the persons who applauded President Bola Ahmed Tinubu for the removal of the fuel subsidy because you know what it is. But currently, I don’t think we have what it takes to live totally off subsidy removal on petroleum products.
“We don’t have the structures or anything to be able to sustain that. And that is why there’s inflation. The price of petrol controls 90 percent of every other commodity in the market. Also, the exchange rate of the Naira to the dollar has increased because what we import is higher than what we export. Right now, the GDP per capita is $860.
“We are going to be begging [the government]. I don’t think we have the right to protest or insult anyone in government. The introduction of the subsidy on petrol started with former President [Olusegun] Obasanjo, which for me was lackadaisical because, as a president, you’re supposed to handle things head-on and not try to… I can’t remember the word right now.
“So, that’s what President Tinubu is trying to do. He is trying to approach it the way it is. Because the money that we spent on subsidized PMS is a lot—enough to do many things. If we are able to invest it in other areas of the country, we will be a better nation. I don’t think it’s a bad idea, but we are not ready. We can’t do it. 100 percent subsidy removal will not work. People are hungry. Crime rates are increasing.
“But please, let’s not rant. Let us do a begging challenge. Let’s beg the government to help us, that they shouldn’t be angry. Maybe we have been irresponsible. Let the government roll back at least 50 percent of the subsidy removal. That’s my stance.”
Justice Obiora Egwuatu of the Federal High Court in Abuja has stepped down from a case involving suspended Senator Natasha Akpoti-Uduaghan.
Justice Egwuatu was assigned to hear the suit, but on Tuesday, he announced that he would no longer handle the matter.
He made this decision after Senate President Godswill Akpabio wrote a petition questioning his impartiality.
Although the case was scheduled for hearing, when the court clerk called it up, the judge ruled that he was stepping aside.
He said he would return the case file to the Chief Judge, who would assign it to another judge.
On March 4, Justice Egwuatu issued an interim order stopping the Senate Committee on Ethics, Privileges, and Public Petitions from proceeding with disciplinary actions against Akpoti-Uduaghan.
She was accused of violating Senate rules.
The judge ruled that the disciplinary process should not continue until the case was decided.
He also gave the defendants 72 hours to explain why the court should not stop them from investigating the senator without following the rules laid out in the 1999 Constitution, the Senate Standing Order 2023, and the Legislative Houses (Powers and Privileges) Act.
Justice Egwuatu allowed the senator to serve legal documents on the defendants using substituted means.
The court ordered that the documents be given to the Clerk of the National Assembly or pasted at the National Assembly premises.
They were also to be published in two national newspapers.
The interim order came after the senator filed an urgent application.
However, despite the court’s ruling, the Senate Committee still held its meeting and suspended her for six months.
Later, after the defendants applied, Justice Egwuatu amended his earlier order.
He removed the part that prevented the Senate from taking any action while the case was ongoing.
Meanwhile, Akpabio’s legal team, led by Kehinde Ogunwumiju, questioned the court’s authority to interfere in Senate affairs.
A presidential aide, Bayo Onanuga, has cautioned former Anambra State Governor, Peter Obi, to be mindful of his statements after the former governor claimed that democracy in Nigeria had collapsed.
Obi, while speaking at the 60th birthday colloquium for former Deputy Speaker of the House of Representatives, Emeka Ihedioha, in Abuja on Monday, said the progress made since Nigeria’s return to civilian rule in 1999 had been eroded.
He stated, “If you looked at where we are today, it’s like, they (the PDP) started in 1999, laid the foundation. Some people came and took it to decking, and some people were trying to take it to the first floor, when some people came and knocked everything down.
“That is the situation we are now. Everything has been knocked down and nothing works. I am somebody who can say this, exemplarily. I became a governor through the courts when President Obasanjo and Atiku were in government.
“I did not pay the court one naira. I was sitting in my office and the court declared me winner, when a governor was not seeing them. This cannot happen in Nigeria today.”
Reacting to the remarks, Onanuga, in a post on X (formerly Twitter) on Tuesday, dismissed Obi’s claims as exaggerated and lacking in logical foundation, insisting that democracy in Nigeria has only grown stronger over the past 26 years.
“I listened multiple times to former Governor Peter Obi’s statement in this clip, where he claims that democracy has collapsed in Nigeria. His hyperbolic remarks, suited for headlines, have been made without deep reflection and lack a solid logical foundation,” Onanuga wrote.
The Special Adviser to President Bola Tinubu on Information and Strategy further argued that if democracy had indeed collapsed, Obi would not have been able to express his views so freely at the colloquium.
“Only a discontented and disgruntled Peter, who benefits from the very free speech democracy provides, could perceive such a democratic downfall through his lens. If democracy had indeed collapsed, as Peter claims, and we were living under a regime antithetical to democratic principles, he would not have been able to make his comments on Monday,” he stated.
Onanuga warned Obi against making statements that could mislead the public, urging him to exercise restraint and avoid what he described as playing to the gallery.
“I will urge him to watch what he says and restrain himself from playing to the gallery,” he added.
The Head of the Rivers State Civil Service, Dr George Nwaeke, has resigned his appointment.
The resignation of the HoS, who served under the suspended Governor, Siminalayi Fubara was contained in a statement issued by the Chief of Staff to the Sole Administrator and obtained by newsmen on Tuesday morning.
The Sole Administrator, Vice Admiral Ibok-Ete Ibas (retd.), thanked Nwaeke for his service to him within the short period since he assumed office and wished him well in his future endeavours.
The statement reads, “The office of His Excellency, the Administrator of Rivers State, Vice Admiral (retd.) Ibok-Ete Ekwe Ibas CFR, is saddened to announce the resignation of the Head of Service, Rivers State, Dr George Nwaeke, FCA, Mni.
“His Excellency, the Administrator appreciates the immense contributions he has shown this administration in the short period he served and wishes him well in his future endeavours.”
Meanwhile, Ibas has appointed Prof. Ibibi Worika as the new Secretary to the Rivers State Government.
Worika’s appointment was also contained in a statement from the office of the Sole Administrator also obtained on Tuesday morning.
The statement reads, “His Excellency, Vice Admiral Ibok-Ete Ekwe Ibas (retd.) CFR, the Administrator of Rivers State, is pleased to announce the appointment of Professor Ibibia Lucky Worika as the new Secretary to the Rivers State Government (SSG).
“His appointment follows careful consideration of his credentials, extensive experience, and performance during rigorous selection process.
“Professor Worika’s distinguished career spans academia, international legal practice, and high-level policy advisory roles, making him uniquely qualified to support the administrator in the onerous task of achieving Mr President’s mandate. His appointment takes immediate effect.
“Professor Worika’s appointment reflects the administrator’s commitment to harnessing the great human capital of the Rivers’ people to work with him to achieve the much-needed peace, stability and security.”
Former Deputy National Publicity Secretary of the Peoples Democratic Party (PDP), Diran Odeyemi, has advised governors to challenge President Bola Tinubu’s state of emergency in Rivers State.
Naija News reported that former spokesman of the Pan Niger Delta Forum (PANDEF), Anabs Sara-Igbe, also called on opposition parties governors and members of the National Assembly to be wary of the President’s action in Rivers State as he may come for their states.
In an interview with News Central on Monday, Odeyemi noted that there was no justification for the President’s action.
He argued that it was the desire to secure major ground ahead of the 2027 election that made President Tinubu declare a state of emergency in Rivers.
The PDP chieftain stated that the call by the All Progressives Congress (APC) for the same state of emergency to be declared in Osun State showed what the party’s intention was.
He said, “All politicians, usually at the presidency, they always have their target on three good states, that is Lagos, Rivers, and Kano. This is simply because they know that the turnout of votes from these three states and considering their economic stand, is always states that they want to have in their city. So, for my Ahmed Bola Tinubu, if anything minute, is happening in Rivers, and he is seizing that opportunity to take over Rivers, that is the reason why the governors and everybody are saying there are not enough evidence or criteria to demonstrate that emergency rule should come down.
“Bola Tinubu as a governor in Lagos state then, all what he fought against are exactly what he is doing now. We have read many of his statements where he condemned, absolutely, an emergency rule. And you will think as a democrat, if he has that opportunity to become the president, he will never repeat the idea of instituting an emergency rule anywhere in the country.
“He has started with Rivers, and if you are concerned with what is happening elsewhere, immediately after it happened in Rivers, even the politicians, the APC in Osun, have started calling for emergency rule in Osun simply because of mere community clash. That is, what they cannot get through the ballot box. They believe they can get it through emergency, through the adoption of emergency rule, or through the back door.
“And this is why it is very important, not only for the governors to challenge this. It is a good exercise to test the Constitution on the right of the president to declare emergency rule anywhere in the country. Because if care is not taken, and if the Rivers state issue is taken lightly or allowed to go, you can be rest assured that it may extend to other states, irrespective of whatever is the minor occurrence or situation that does not even warrant emergency rule. If you think there is anything, be a risk for some coronavirus who will makeista come from the right of the United States is safe.”
[NaijaNews]
Nigeria’s abandoned ₦50b floating dock: 1,102 local vessels rely on Ghana, others for routine maintenance
Admin• Nigeria loses $148m yearly to other West African countries
• Outdated infrastructure, limited capacity, crippling Nigeria’s shipyard industry
• Dozens of Nigerian shipyards facilities left to rot away
Nigeria continues to miss out on the windfall accruing from vessel maintenance due to the absence of functional shipyards and dockyards, The Guardian understands.
Consequently, 1,102 Cabotage (local vessels) vessels are compelled to fulfil their repair and maintenance requirements in neighbouring countries. Numerous international vessels which dock on Nigeria’s shores also look elsewhere for maintenance.
Nigeria presently has an idle N50 billion modular floating dock acquired in June 2018 by NIMASA alongside other abandoned and inactive dockyards in the country.
This results in substantial financial losses, estimated at $147.8 million in docking fees, repair services and other additional costs for each vessel yearly.
The figure is based on a conservative single general maintenance every five years. This supposes that 220 or 20 per cent of the Nigerian vessels carry out maintenance yearly at an average cost of $670,000 (per visit).
The costs are incurred when vessels are transported to neighbouring countries for repairs and maintenance.
According to data from the Nigerian Maritime Administration and Safety Agency (NIMASA), Nigeria currently has a fleet of 4,610 flagged vessels with a total tonnage of 6,131,814.55 gross registered tonnage (GRT) and 1,102 cabotage vessels with a combined tonnage of 2,037,184.63 GRT.
Whereas the flagged vessels could also carry out their maintenance in Nigeria, they have the choice of doing it elsewhere. But Cabotage vessels move within the countries but would need to visit neighbouring countries for repairs.
Due to the limitations of local shipyards and dockyards, the owners of the vessels resort to taking them to neighbouring countries such as Ghana, Kenya, Togo, Ivory Coast, Benin Republic and Cameroon for dry docking and repairs. This practice does not only lead to increased unemployment but also impedes the development of skills in the maritime sector, experts said.
The Guardian gathered that Nigerian vessels visit various African countries for maintenance and dry docking, despite their limited shipyard facilities.
One notable example is PSC Tema Shipyard in Tema Harbour, Ghana. The shipyard has a functional floating dock with a capacity of 10,000 tonnes and a graving dock that can accommodate vessels up to 200 meters in length.
The Durban Dry Dock, one of the largest dry docks in the Southern Hemisphere, can accommodate vessels up to 350 meters in length. It also offers services for smaller vessels and is renowned for its efficiency and high standards.
Also, Cape Town Dry Dock in South Africa is equipped with modern facilities and can handle a wide range of vessels, including large cargo ships and oil tankers.
The facilities are positioned along major shipping routes, making it a convenient stop for vessels travelling between the Atlantic and Indian Oceans. They offer a full range of repair and maintenance services, including hull repairs, engine overhauls and electronic system upgrades.
The African Marine & General Engineering Company Limited, located in Mombasa, Kenya, is an ISO-certified facility that offers dry docking and repair services for a variety of vessels, including cargo ships, tankers, and fishing vessels.
The facility is conveniently located for vessels travelling between Europe, the Cape, India and the Far East.
Nigeria’s inability to fully meet the dry docking and repair needs of ship owners has significant financial implications, experts said.
The frequency of ship repairs, maintenance and dry docking varies based on several factors, including the type of vessel, its age and its usage to ensure that ships remain in optimal condition and comply with international safety and regulatory standards.
According to information gathered by The Guardian, most ships are required to undergo dry-docking at least once every five years. This process involves taking the ship out of the water for thorough inspection, cleaning and repairs.
For some vessels, such as cruise ships, dry docking may be required more frequently, with inspections of the ship’s bottom every year and dry docking twice within five years.
The Secretary-General of the Merchant Seafarers Association of Nigeria (MESAN), Captain Alfred Oniye, explained that regular maintenance and repairs are usually performed more frequently than dry docking.
Dry docking, which may involve routine inspections, minor repairs and preventive maintenance, can occur monthly or yearly depending on the vessel’s operational schedule and specific maintenance requirements.
The Guardian learnt that the cost of transporting a vessel for dry-docking, maintenance and repairs to Kenya, Ghana and South Africa varies significantly among Nigerian-flagged vessels and foreign vessels that call at Nigeria’s ports. Several factors influence this variation, including the vessel’s size, the distance to the repair facility and the mode of transportation, such as towing or self-propulsion.
For towing, smaller vessels incur costs ranging from $10,000 to $50,000, while larger vessels may cost up to $100,000 or more. Self-propelled vessels face fuel costs ranging from $20,000 to $100,000 or more, depending on the distance and fuel prices.
Docking fees also vary based on the vessel’s size, the duration of the stay and the specific services required. Small to medium-sized vessels pay daily docking fees between $1,000 and $5,000, while for a typical repair period of 10-30 days, total docking fees can range from $10,000 to $150,000.
Large vessels incur daily docking fees between $5,000 and $20,000, and for a similar repair period, total docking fees can range from $50,000 to $600,000.
These figures amount to an average of $595,000 per vessel, which does not include other additional costs including crew wages, insurance and port fees.
Nigeria’s non-functional ship repair yards and dockyards are due to a combination of financial constraints – lack of investment, outdated equipment and broader economic challenges.
The Nigerian Ports Authority (NPA) Dockyard located in Apapa, Lagos, has been inactive for many years due to lack of maintenance and funding. The same applies to the Federal Ship Repair Yard in Port Harcourt which has been neglected over a decade due to mismanagement.
Others are the Calabar Ship Repair Yard, which has been abandoned and is currently in a state of disrepair, Warri Ship Repair Yard, Rivers State Ship Repair Yard, Koko Ship Repair Yard and Burutu Ship Repair Yard among others.
The former Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Bashir Jamoh, last year stated that Nigeria lost over 110,000 vessels yearly to Togo, Ghana and the Republic of Benin for dry docking and repairs.
Nigeria also failed to secure N350 billion this year due to the idle N50 billion modular floating dock acquired in June 2018 by NIMASA. The facility is yet to commence operation.
Oniye, who is also a dean at City University, Cambodia, said despite the notable shipyards including Nigerdock FZE and the Naval Dockyard Limited, the country’s shipyards face challenges such as outdated infrastructure, limited capacity and insufficient investment, which hinder their ability to meet the demands of modern maritime operations.
He said the financial implication of Nigeria’s inability to fully meet the dry docking and repair needs of ship owners is significant as ship owners incur additional costs for transporting vessels to other countries for repairs as well as higher fees in foreign shipyards compared to local facilities.
Oniye also noted the extended repair time, stressing longer repair times due to travel and scheduling delays that can lead to increased operational downtime, noting that ships out of service for extended periods result in lost revenue for ship owners. On the economic impact, Oniye said Nigeria misses out on potential revenue from docking fees, repair services and associated economic activities, adding that the limited functionality of local shipyards affects job creation and skill development in the maritime sector.
He said enhancing the functionality of Nigerian shipyards and ship repair yards is crucial for the country’s maritime industry.
Onyie said investment in modern infrastructure, capacity building and adherence to international standards can help Nigeria become a preferred destination for ship repairs, reducing financial burdens on ship owners and boosting the local economy.
NIMASA had last year released a list of 15 private accredited ship/boat building, repairs and maintenance yards in the country with the construction and designs of vessels to be flagged or registered under the Nigerian Flag Administration to be restricted to these facilities.
Also, all dry-dock maintenance by Nigerian and foreign-flagged vessels is required to be conducted at the accredited yards, with a warning that failure to comply would attract appropriate sanctions.
The accredited marine vessels building, repairs and maintenance yards include, Naval Dockyard Limited, Niger dock FZE and IGA Shipbuilding and Repair Yard in Lagos State as well as MG Vowgas Limited, Elschon Nigeria Limited, Starzs Marine and Engineering Limited and West Atlantic Shipyard in Rivers State.
Others located in Delta State are Python Engineering Company Limited, Gredor Nigeria Limited, Tuwasco Marine Services Limited, Warri Boat Yard, Niger- Benue Transport Company, Big Fingers Oil Services Limited, West High Logistics Resources Limited and Yade Barge Operator Limited.
Despite the many facilities, vessels are taken outside for repairs, maintenance and drydocking, costing the country huge foreign exchange losses.
The Founding President of the Nigerian Ship Owners Association (NISA), Isaac Jolapamo, explained that ship repairs and maintenance in these foreign countries incur high additional costs, including voyage expenses, fuel consumption, and international service rates, all priced in U.S. dollars, making it even more expensive given the current exchange rate challenges.
Jolapamo lamented that while Nigeria’s major shipyard, Niger Dock, is no longer operational due to mismanagement and lack of patronage, small shipyards in Ghana have remained functional for over seven decades.
Jolapamo also condemned the mismanagement of funds intended to support ship maintenance and industry development.
He criticised the failure of NIMASA’s modular floating dock project, calling it a misallocation of resources that has hindered local ship development.
He pointed to the NIMASA’s floating dockyard project as a failed initiative that diverted crucial resources, saying. “Instead of using funds to refurbish local ships, allowing them to compete with foreign vessels, the money was wasted on an ill-conceived floating dock project.”
“If Nigeria wants to revive its maritime sector, there must be a concerted effort to invest in local shipyards, provide financial support for shipowners, and enforce policies that genuinely encourage local participation,” Jolapamo urged.
A former member of the Presidential and Ministerial Committee on Fiscal Policy Measures, Lucky Amiwero, said the country’s shipyard industry is crumbling under poor infrastructure, political negligence and lack of implementation of existing maritime laws, such as the Cabotage Act.
Amiwero criticised the deteriorating state of the nation’s shipyards, the inability to repair vessels locally and the devastating economic losses the country suffers due to this oversight.
Amiwero pointed out that vessels are left to decay on Nigerian waters, while shipowners are forced to take their ships to other African countries for repairs.
He said Nigeria is losing significant foreign exchange because of a lack of functional shipyards, noting that small nations like Ghana and Togo have advanced beyond Nigeria in maritime infrastructure, while Nigeria, despite its potential, remains stagnant.
Amiwero emphasised the importance of the Cabotage Act, which was designed to boost the country’s shipbuilding, repairs and maintenance capacity as well as encourage local operators.
The decline of Nigeria’s shipyards is also hurting employment, as Amiwero lamented that students who study maritime-related subjects in institutions locally and abroad are left jobless upon returning, as the infrastructure to support their skills does not exist in Nigeria.
He urged the government to refocus on infrastructure development that can create jobs and boost the economy, pointing out that the shipyard industry is a critical part of maritime infrastructure, which, if developed, could provide employment and generate wealth domestically.
“We must develop our shipyards, implement the Cabotage regime and create a sustainable maritime industry that benefits our economy and future generations,” he stated.
The Vice Chairman of the Business Action Against Corruption (BAAC) Integrity Alliance, Jonathan Nicol, highlighted the ongoing struggles of Nigeria’s ship repair industry, noting that owners are increasingly spending a fortune in neighbouring repairs due to the inefficiency of local dry docking facilities.
Nicol, who is a former president of the Shippers Association of Lagos (SALS), explained that Nigeria once had functional ship repair yards, including facilities run by the Nigerian Ports Authority (NPA) and the well-known Niger Dock, which have either become too expensive or have fallen into disuse.
He said the NPA’s dockyard, which used to service smaller vessels at competitive rates, has long ceased operations, while the once thriving Niger Dock shipyard, has also struggled due to its high costs, leading ship owners to seek alternatives abroad.
One of the biggest issues, Nicol pointed out, is the inefficiency of the ship repair process in Nigeria.
He said shipowners often face extended repair times, with some dry docking procedures taking up to six months, noting that this is in stark contrast to neighbouring countries like Ghana, where repairs can be completed in a matter of weeks at much lower costs.
Nicol also emphasised the importance of certification and international recognition in the ship repair industry, pointing out that Nigeria lacks the facilities and certifications, such as Lloyd’s shipping certification, that are available in other countries.
[Guardian]
Benue State government and the Centre for Judicial Integrity (CJI) have taken to the trenches over the alleged bribery of the National Judicial Commission (NJC) to influence its proceedings on the removal of the state’s chief judge.
The CJI fired the first shot yesterday when it charged the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to probe the alleged allocation of N500 million by the state government to bribe the NJC.
CJI also attributed the strike embarked by the state judiciary since December 2024 to the government’s failure to implement the new N75,000 minimum wage for judiciary workers.
CJI convener, Solomon Adodo, who addressed journalists in Abuja yesterday claimed that some state appointees allocated over N500 million to influence the proceedings of the NJC on the removal of the chief judge of Benue State, Justice Maurice Ikpambese.
But in a swift reaction the chief press secretary to the governor Tersoo Kula described the allegations as nothing other than a forlorn attempt by disgruntled political elements in Abuja to sabotage the integrity of his principal who has persistently sided with the principles of justice and good governance.
He said, “We strongly refute the groundless claims generated by the Centre for Judicial Integrity (CJI) about Governor Hyacinth Alia’s alleged involvement in buying off members of the judiciary.
“If the CJI and their allies have any evidence to bolster their outrageous claims, we challenge them to produce it publicly or face the consequences of their thoughtless denunciations.
“’Disseminating such concoctions without substantiation merely affirms the true nature of those individuals who are enthusiastic to pollute the reputation of respected institutions for personal benefit. Governor Alia has consistently held the judiciary in tremendous regard and would never negotiate its integrity for any reason,” the CPS said.
CJI had claimed that substantial sum of the money was channelled through three Benue State officials who have been making frantic trips to Abuja in an apparent attempt to compromise NJC processes by engaging with key officials within the judiciary.
Adodo argued that the actions of the government functionaries reflect a dangerous level of ignorance about the fundamental workings of governance, wherein institutions like the judiciary must be shielded from political interference.
He said CJI was privy to information that some members of the NJC refused to accept any money from the government functionaries, adding that their principled stance against corruption reinforces the integrity of the NJC and strengthens public trust in the judicial system.
CJI argued that rather than engage in constructive dialogue and governance, Governor Hyacinth Alia- led administration had allowed the state’s judicial system to remain paralysed.
The centre noted that the inability to grasp the critical role of an independent judiciary in a democracy further proved the administration’s lack of experience in governance and public service.
CJI therefore urged the anti-corruption agencies and relevant authorities to conduct a thorough and transparent investigation into the alleged misappropriation of N500 million aimed at influencing NJC proceedings.
It called on the NJC to remain steadfast in its duty to protect the judiciary from external pressures and to ensure that any proceedings concerning judicial officers are conducted impartially and in strict adherence to constitutional provisions.
The CPS further said the call for a “state of emergency” in Benue State is not purely vexatious but also a flagrant display of political opportunism. It is evident that these irritated political operatives are sponsored by unscrupulous factions desperate and eager to capitalize on any situation for their advantage. Their motives are clear: to undermine a state that is presently going through effective governance and progress under Governor Alia’s leadership. There is no unrest in Benue State. Gov. Hyacinth Alia is fully in charge and control of the state.
“We warn these wholesalers of crisis to steer clear of Benue State. The people of Benue are not persuaded by unjustifiable allegations or political maneuvers. Instead, they are witnessing transformational governance that prioritizes their welfare and well-being. Governor Alia is fixated on shaping the narrative around governance in the state, demystifying the process, and ensuring that the government works for the people.
“The inhabitants of Benue are happy and supportive of their governor, praying daily for his prosperity and the advanced progress of the state. Governor Alia has no wealth to corrupt anyone, specifically not an esteemed institution like the judiciary. His responsibility is transparency, accountability, and the rule of law”
“Finally, we appeal to all forces involved in this smear campaign to reflect on their activities and examine the damage they wreak on the democratic process. The people of Benue deserve better than the disruptive ploys and fabricated allegations that threaten their progress,” the CPS said.
[Leadership]
The depreciation of the local currency against the dollar continued yesterday as the naira exchanged for 1,540.57 at the official market, checks by Daily Trust indicated.
This is coming against the backdrop of the increasing demand for dollars, which has seen the naira losing value against the foreign currencies.
The Central Bank of Nigeria (CBN) had sustained its intervention in the foreign exchange market with a view to keep the local currency stable at the current N1,500 range.
The local currency fell at the official window due to what sources called insufficient dollar supply to meet the increasing demand.
Our correspondent reports that the exchange rate depreciated by N18.95 last week, closing the week at N1,536.89 at the official market.
However, the market opened the week yesterday with the dollar exchanging for N1,540.57 fuelled largely by rising demand pressure in the market.
The CBN sold $92.10 million as the week ran down, bringing the total FX sales to $230.90 million amidst external reserves fluctuation.
At the unconventional black market in Lagos, the dollar was bought at N1,560 yesterday and sold for N1,570.
Daily Trust reports that the unification of the exchange rate market had closed the gap between the official and parallel markets.
But experts warned that the rising demand coupled with low dollar supply in the market poses risk to the stability of the naira.
For instance, the recent decision by Dangote Refinery to stop sale of products in naira may fuel the demand with potential to increase the rate.
Already, importation of the petroleum products has become the order of the day with marketers now scrambling for the little amount of dollars in the market to meet their obligations.
An economist, Dr. Marcel Okeke in a chat with our correspondent said the recent announcement by Dangote Refinery is an ill-wind for the foreign exchange market.
He said by the time the marketers begin to scramble for foreign exchange to buy petroleum products from the refinery or from outside the country, the forex demand would increase thereby leading to an increase in the exchange rates.
[DailyTrust]
Bayo Onanuga, Special Adviser on Information and Strategy to President Bola Ahmed Tinubu, has dismissed the assertion by former Anambra Governor, Peter Obi, that democracy has collapsed, describing it as hyperbolic and lacking logical foundation.
Onanuga, in a statement on X (formerly Twitter), criticised Obi’s comments, during a colloquium to mark the 60th birthday of former Deputy Speaker of the House of Representatives and ex-Imo Governor, Emeka Ihedioha.
He argued that democracy in Nigeria has remained resilient over the years and has continued to strengthen since 1999.
“I listened multiple times to former Governor Peter Obi’s statement in this clip, where he claims that democracy has collapsed in Nigeria. His hyperbolic remarks, suited for headlines, have been made without deep reflection and lack a solid logical foundation,” Onanuga stated.
He questioned how a democracy that has endured and grown over the past 26 years could be said to have collapsed, adding that Obi himself is a beneficiary of the free speech provided by the system.
“Only a discontented and disgruntled Peter, who benefits from the very free speech democracy provides, could perceive such a democratic downfall through his lens.
” If democracy had indeed collapsed, as Peter claims, and we were living under a regime antithetical to democratic principles, he would not have been able to make his comments on Monday at Emeka Ihedioha’s colloquium,” he added.
Onanuga further urged Obi to be more cautious with his statements, warning against what he described as playing to the gallery.
Obi, at the event, had argued that democracy in Nigeria had suffered a serious setback due to the actions of the current leadership.
“They started in 1999, they laid the foundation, some people came and took it a decking, and some people were trying to raise it to the first floor, and some people came and knocked everything down. That’s the situation we are in right now. Everything has been knocked down, nothing works,” Obi said.
Citing his personal political experiences, the former Anambra governor claimed that the judicial and democratic institutions that once upheld fairness and justice had deteriorated.
“I became a governor through the courts. When (former) President (Olusegun) Obasanjo and Atiku (Abubakar) were in government, I did not pay the courts one naira; I was sitting in my house, in an office, and the court declared me winner,” Obi recalled.
He further compared past democratic interventions with the present situation, lamenting that the independence of democratic institutions had eroded.
“Today, the president impeaches the person. And they were begging in my house not to impeach me, and they were in PDP, I was in APGA. Even when I was impeached, President Obasanjo called me and said, ‘Are you okay? Are you safe?’ I couldn’t believe it. Now the president (referring to the present administration) will ask him not to come back here again,” he said.
Obi maintained that the system was failing and required urgent attention to rebuild it. “Let’s not talk about it. Let’s talk about how we are going to rebuild it. It’s collapsing,” he said.
The National Chairman of the Social Democratic Party, Shehu Gabam on Monday lamented that the Nigerian judiciary is taking over the statutory functions of political parties and the Independent National Electoral Commission.
Gabam stated this when he was featured as a guest on Channels Television’s Politics Today.
In the last two years, political stakeholders expressed concerns that judges in the country were overstretched following the litany of post-election petitions that flooded the tribunals all the way to the apex court.
However, the SDP chairman insisted that it was an anomaly.
He said, “We are looking to build a party that will look like the ANC in South Africa. We are running away from the crisis because every movement has its own virus. So if you don’t have a strong antidote to that virus, you better maintain the status quo.
“Make sure that you pilot the affairs of the party up to the point of elections or primaries where people will be properly elected without the interference of the judiciary.
“Because these days, functions of parties have been taken by the judiciary. Functions of INEC have also been taken by the judiciary. So we have to be very careful how we navigate through this difficult period that we are in our democratic journey.”
When asked if former Vice President Atiku Abubakar plans to leave the Peoples Democratic Party to join the immediate past governor of Kaduna State, Nasir El-Rufai, Gabam, said, “Well, I won’t say that until we get there. The SDP is an excellent political platform for any career politician. We abide by the rules.
“We are very strict and ensure there is deterrence. Nobody is indispensable as far as the party is concerned. Once you breach the law, the law will take its course.”
The politician also showered encomium on El-Rufai, whom he described as a priceless asset.
He said, “Mallam El-Rufai is an asset. You know better than that. He is a workaholic and we believe that he will add value to the SDP. We don’t have a monopoly on knowledge and wisdom. We need people with extra capacity to add value to what we are doing.
“No party knows it all. When you have a convergence of assets of people that believe in the future of Nigeria, believe in the supremacy of the institution, that can punish people, create deterrence and openings, then you have a party that you can be proud of.”
When asked if he is among the key strategists in the ongoing coalition discussion, Gaidam said, “I am a chairman of a political party. I’m not supposed to be part of all these group discussions going on because they have their own conflicting interests embedded in those meetings. But the moment they make up their mind that this is their decision and want to join the SDP, the party will welcome them 100 per cent.”
[Punch]
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Samsung Electronics co-CEO Han Jong-Hee died from cardiac arrest on Tuesday, according to a spokesperson for the South Korean tech giant. Han was 63.
Born in 1962, Han had overseen Samsung’s consumer electronics and mobile devices businesses since 2022, according to the company. He was named Samsung Electronics vice chairman and co-CEO in 2022. Han’s co-CEO, Jun Young-Hyun, heads its semiconductor business.
In an internal message seen by CNN, Samsung paid tribute to Han, saying he had dedicated more than 37 years of his life to leading Samsung’s TV business to become a global leader. As the head of its electronics and appliances businesses, he also contributed to the company’s growth amid a “challenging business environment.”
“Our deepest condolences are with his family and loved ones during this difficult time,” the message said.
No announcement has been made about Han’s successor, the spokesperson told CNN.
During an annual meeting with investors last week, which he chaired, Han apologized for the performance of Samsung stock and warned of a difficult 2025 because of uncertainties around the economic policies of major economies, according to Reuters. He added that Samsung would seek “meaningful” mergers and acquisitions deals this year to support the company’s growth.
“There are some difficulties in doing semiconductor M&As due to regulatory issues and various national interests, but we’re determined to produce some tangible results this year,” he was quoted as saying.
Han joined the company in 1988 after earning a bachelor’s degree in electrical engineering from Inha University. Prior to running Samsung’s electronics and devices division, he was in charge of the display operation.
CNN
The Securities and Exchange Commission (SEC) has indicated that it is going hard on market operators engaging in unscrupulous activities.
The Commission reaffirmed its commitment to ensuring that only fit and proper individuals are permitted to operate in Nigeria’s capital market to enhance investor protection.
Speaking in an interview in Abuja over the weekend, SEC Director-General Dr. Emomotimi Agama, stated: “It’s important that, as a form of self-regulation, they are aware beforehand that if you do what is not right, the SEC will bring you out to the world to say that you do not have character, because the very ethics of regulating or of registering a securities market operator is in the principle of the fit and proper person’s test. A fit and proper person’s test means that you satisfy all of the requirements that have been laid down in the Investments and Securities Act 2007 and in other regulations that the SEC has brought out to make sure that this happens.
“Disclosures by public companies will be very, very essential making sure that the investor has enough information to make decisions. If information is not provided, then that will be against the rules and regulations of the SEC and indeed, the ISA.
“So clearly for us, it is getting people to understand that there is no hiding place anymore for anybody that have an intention to defraud Nigerians and to defraud anybody that is investing in this market”.
Agama also emphasized that investor protection is a fundamental principle for the Commission in line with the provisions of its enabling law, with investor protection and market development as its twin priorities.
He added, “It is important to state clearly that every investor in Nigeria is under the cover of the SEC as long as the person operates within the Nigerian capital market. And so the year 2025 is a year where we say that there is zero tolerance for any activity that does not fall within the laws of the Investments and Securities Act 2007”.
[Vanguard]
Ibok-Ete Ibas, the administrator of Rivers state, has appointed Ibibia Lucky Worika, a professor, as secretary to the Rivers state government (SSG).
In a statement, Ibas said Worika’s appointment takes immediate effect.
“His appointment follows careful consideration of his credentials, extensive experience, and performance during a rigorous selection process,” the statement reads.
“He holds a Ph.D. in International Environmental and Comparative Petroleum Law & Policy from the University of Dundee, United Kingdom, and has served in prestigious roles across academia, international organizations, and government advisory capacities.
“Professor Worika’s appointment reflects the Administrator’s commitment to harnessing the great human capital of the Rivers’ people to work with him to achieve the much-needed Peace, Stability and Security.”
In a separate statement, Ibas announced the resignation of George Nwaeke as head of service (HoS).
“His Excellency, The Administrator appreciates the immense contributions he has shown this administration in the short period he served and wishes him well in his future endeavors,” the statement reads.
“In the interim, Dr Mrs Iyingi Brown, Permanent Secretary Welfare, Office of the Head of Service has been appointed in acting capacity until a new Head of Service is appointed.
“While congratulating her on her appointment, the Administrator assures the people of Rivers State of his commitment to Neutrality, Peace and Stability.”
Ibas was sworn in as administrator by President Bola Tinubu on March 19, following the declaration of a state of emergency in Rivers.
[TheCable]
•Kukah, Tambuwal differ
•Anyaoku warns against military coups in sub-Saharan Africa
•Obi’s aspiration, not democracy, is dead, says Omokri
•Atiku, others shower praises on Ihedioha at 60
Former President Olusegun Obasanjo and erstwhile governor of Anambra State, Mr. Peter Obi, yesterday, had a very concerning take on democracy in Africa and Nigeria, respectively.
While Obasanjo declared that democracy in Africa was not just failing, but actually dying, attributing the decline to a lack of alignment with African values and realities, Obi concluded that democracy was already collapsing in Nigeria, as successive governments knocked down preceding efforts.
But Catholic Bishop of Sokoto Diocese, Matthew Kukah, and former governor of Sokoto State, Senator Aminu Tambuwal, differed slightly, saying democracy is work-in-progress.
Former Secretary-general of the Commonwealth of Nations, Chief Emeka Anyaoku, warned that democracy would be in danger in Africa in view of military putsch in some sub-Saharan African countries.
They all spoke at the 60th birthday colloquium for former Deputy Speaker of the House of Representatives, Hon. Emeka Ihedioha, in Abuja.
Obasanjo questioned whether Africa was truly practising democracy or merely adopting a flawed version of Western liberal democracy.
According to the former president, who was the chairman of the occasion, “If you are talking about democracy failing in Africa, democracy in Africa has failed.
“And why has it failed? Because in context and in content, it is not African. It does not have any aspect of our culture, our way of life, what we stand for, what we believe,
“Are we talking of democracy or are we talking of Western liberal democracy? When we talk of democracy, we should remember that in Africa, before the colonial rule and the colonial power, we had a form of government, which attended to the needs of our people.
“And whatever you call it, to me, it is democracy. Because what is democracy about? The American President Abraham Lincoln defined it as government of the people, by the people, for the people.
“Democracy is meant to be a system of government that delivers and delivers to all the people, not just a section of the people, not just a few. But what do we have today?
“I believe since we’ve gone past the Greek democracy, which brought everybody to the square and everybody has a say in the decision making, which affected everybody, democracy has now become representative democracy and representative democracy has not taken care of everybody.”
Obasanjo argued that Africa had its own governance systems before colonial rule, which better served its people.
He criticised the current system, saying it enables leaders to “grab everything illegally and corruptly” while telling the people to “go to court,” even when justice is unattainable.
Obasanjo advocated an “Afro Democracy” for Africans, saying the Western style is not working.
He stated, “Today, we have democracy, which is government of small number of people, by small number of people over large number of people, who are deprived of what they need to have in life. That is not democracy that will endure.
“It is, I am because I can grab. What sort of democracy brings you and you grab everything and then illegally, corruptly and you say, go to court? When you know that even in the court, you cannot get justice.
“It’s not that democracy is failing, democracy is dying and if we are going to make democracy not to die, we have to look at democracy in the context and in the content of Africa. I hope that we will get to that stage so that democracy, which will deliver, will be the democracy that we will have in Africa.”
Advancing a similar position, but tailored to the Nigerian context, Obi concluded that democracy in Nigeria had begun to collapse because successive governments knocked down efforts of the previous administrations.
He stated, “Well, if you look at what Bishop Kukah said, he said it’s work-in-progress. Let me follow what my brother (Tambuwal) said about 1999.
“If you looked at where we are today, it’s like, they (the PDP) started in 1999, laid the foundation. Some people came and took it to decking, and some people were trying to take it to the first floor, when some people came and knocked everything down.
‘’That is the situation we are now. Everything has been knocked down and nothing works. I am somebody who can say this, exemplarily. I became a governor through the courts, when President Obasanjo and Atiku were in government.
“I did not pay the court one naira. I was sitting in my office and the court declared me winner, when a governor was not seeing them. This cannot happen in Nigeria, today.
“When I was being impeached, the president sent people to come and intervene on my behalf. Ken Nnamani came, begging the house people not to impeach me. Today, the president impeaches the person. So, that is the thing. It has collapsed. It has failed.
‘’They were begging my house not to impeach me. And they were in the PDP and I was in AGPA and they were begging. President Obasanjo was calling and said, Peter, are you okay? Are you safe?
‘’When I got back from the court, and the court eventually declared me, under Andy Ubah. President Yar’Adua called my phone in London and said congrats. I said I can’t come back, because you know if I come back, these people…
“He said, tell me the flight in which you’re coming and I told him. When I came, it was the first time the military people came to receive me at the airport. I couldn’t believe it, and took me straight to him.
‘’Now, the president will ask me not to come back here again! So, it has failed. Let’s talk about how we are going to rebuild it. It is collapsing!”
Meanwhile, the Obi, faulted the release of withheld federation allocations to Ibok-Ete Ibas, the sole administrator of Rivers.
In a post published via X yesterday, Obi said the move raised “serious moral questions”, adding that the decision to release the withheld funds to the sole administrator did not align with the judgment of the supreme court.
The ex-presidential candidate said the supreme court ruled that the withheld funds should be released to the state after a properly constituted house of assembly passed the appropriation bill.
“What we are witnessing in Rivers State is a brazen disobedience and disregard for the rule of law and our democratic principles.
“The decision to release statutory allocations to an appointed Sole Administrator, despite a standing order of the Supreme Court, is not just unlawful — it is a direct challenge to the authority of the highest court of our country.
“The Supreme Court had explicitly barred the Central Bank of Nigeria (CBN) and the Accountant-General of the Federation (AGF) from releasing these funds until a properly constituted House of Assembly passes a valid Appropriation Act.
“Yet, we see a situation where this order is being ignored. This raises serious moral intentions, and questions of what is happening in Rivers State. By disregarding the judgment of the Supreme Court, those involved are setting a dangerous precedent.
“The CBN and AGF, institutions meant to uphold the law, should not be complicit in this disregard for our judiciary. We cannot build a nation where those who swore oaths to uphold our constitution and obey the laws are doing the opposite.
“This is about more than just Rivers State; it is about protecting the very fabric of our democracy, and our existence as a nation.”
Taking a different position on the failure of democracy, however, Kukah said, “Democracy is work-in-progress. Democracy gives you the opportunity to try if you failed and gives you greater opportunity to correct the former mistakes.”
He explained that in Africa, the capacities and competencies of Africa leaders differed, but the good thing was that democracy gave one the ability to correct mistakes made.
He said the American constitution had several amendments because there was no perfection in life.
‘’The American constitution was first written in mind to protect the white property,’’ he said.
Kukah said that was why there were several amendments of the American constitution.
He maintained that democracy was quarrelsome in nature, but said how the quarrels were managed mattered, stressing, ‘’Democracy is for the good of the people, as it has helped to destroy feudal system of government all over the world.”
The Catholic Bishop of Sokoto urged people to understand the background of writings of famous Englishman, John Locke, in his various thesis on democracy.
He said, ‘’John Locke wrote his thesis stemming from the background of fear as was in those days.”
Supporting him, Tambuwal stated that democracy was not failing in Africa, as it was an ongoing process
‘’When we play by the rules, democracy works. Democracy is work-in-progress,” he said.
Commenting on the senate resolution on the declaration of state of emergency in Rivers State, he said due process was not followed because the required two-thirds majority of the senate was not achieved.
‘’Under President Olusegun Obasanjo, state of emergency was declared in some states and the National Assembly did the necessary affirmation of the processes with the required two-thirds majority, with members voting to affirm the process,” he said.
In his comments, Chairman of THISDAY Editorial Board, Mr. Segun Adeniyi, said democracy was a process meant to serve the people, but the problem was with the operators.
‘’The challenge is how do we ensure that the operators of democratic processes play by the rule?” he stated.
Warning that the recent military coups in some sub-Saharan Africa countries should be a source of worry to all democracy enthusiasts, Anyaoku said such military coups were bound to take Africa back to the days of the 1960s, where military rule were the other of the day.
He took time to explain how he used his office as Secretary-general of the Commonwealth to ensure the return of multi-party democracy in some African countries, like Kenya and South Africa.
Anyaoku called for the review of the 1999 Constitution to ensure proper management of diversity and true federalism in Nigeria.
‘’There is the need to amend the 1999 Constitution to guarantee the management of diversity in Nigeria,” he said.
But a former presidential spokesperson, Reno Omokri, declined submissions that democracy had collapsed or died in Nigeria. Rather, he said, it was Peter Obi’s presidential ambition that died.
He said, “Peter Obi should be careful making claims that democracy has collapsed in Nigeria. That is a most irresponsible statement. Peter Obi lost the #NigerianElections2023 fairly and squarely.
“He lost at the Presidential Election Petition Tribunal and all the way to the Supreme Court. The state of emergency declared on Rivers and Governor Simi Fubara’s suspension is not anti-democratic.”
Reno, a big supporter of the President Bola Tinubu administration, added, “Peter Obi is from Anambra. We remember when the governor of Anambra was undemocratically removed even after swearing an oath to his godfather at the Okija shrine and locked up in a toilet. If democracy did not die then, why should it die now, Peter?
“Prime Minister Tafawa Balewa declared a State of Emergency in the Western Region on May 29, 1962, and suspended the Premier while appointing Dr. Moses Majekodunmi as the Administrator of the region.
“On May 18, 2004, President Olusegun Obasanjo declared a State of Emergency in Plateau State, suspended the Governor, his deputy, and the State House of Assembly, and appointed Major General (rtd) Chris Ali as the Administrator.
“On October 18, 2006, he did the same thing in Ekiti and appointed Brigadier General Tunde Olurin as the Administrator. Incidentally, Peter Obi was Governor of Anambra State at that time and did not raise any concerns or complaints.
“So, why has democracy suddenly died now that a State of Emergency has been declared in Rivers State and Governor Simi Fubara is suspended?
“The only difference is that now Peter Obi wants to be President. Since he can’t be President, seeing as he lost the 2023 elections and their so-called coalition is dead on arrival, that means that to him, democracy in Nigeria is dead.
“Interestingly, Peter Obi did not hold local government elections in Anambra for seven years, which was unconstitutional. He became Governor in 2006 and only held elections in 2014. Whereas LGA elections are to be held every four years.
“Yet, here he is today, saying democracy in Nigeria has died. This is about Peter Obi and his failed presidential ambition, which died the day his Yes Daddy audio threatening ‘Religious War’ on Muslims was leaked, not about Nigeria.”
Meanwhile, former Vice President Atiku Abubakar, and several others eulogised Ihedioha as a focused and determined politician.
The occasion was witnessed by former National Chairman of PDP, Chief Uche Secondus; former governors, like Chibuike Amaechi, Aminu Asari, Kayode Fayemi, and former Senate Presidents, like David Mark, Ken Nnamani, and Adolphus Wabara.
Former speaker of the House of Representatives, Hon. Dimeji Bankole and current Deputy Speaker of the House of Representatives, Benjamin Kalu, among several other well-wishers, were also present.
[ThisDay]