The Ogun State government has criticized the judicial process that led to the provisional attachment of three Nigerian presidential jets by the Judicial Court of Paris.

The court had ordered the seizure of the jets on March 7 and August 2, 2024, as part of a legal dispute involving a Chinese company, Zhongshan Fucheng Industrial Investment Co. Ltd. 

The jets, which include a Dassault Falcon 7X, a Boeing 737, and a newly purchased Airbus A330, were undergoing maintenance at airports in France and Switzerland when the seizure orders were issued.

 

The Dassault Falcon 7X was stationed at Le Bourget Airport in Paris, while the Boeing 737 and Airbus A330 were located at Basel-Mulhouse Airport in Switzerland.

The dispute stems from an aborted contract between Zhongshan and the Ogun State government, initiated in 2007.

The Chinese company had sought court orders in relation to this dispute, leading to the attachment of Nigerian assets abroad.

In a statement released on Thursday, the Ogun State government, through the Special Adviser to the Governor on Media and Strategy, Kayode Akinmade, condemned the legal actions taken by Zhongshan.

The government described the latest developments as part of a broader attempt by the Chinese company to appropriate Nigerian assets in foreign jurisdictions.

Ogun State accused Zhongshan of concealing the litigation from both the Nigerian government and Ogun State authorities, as well as their legal counsel.

This, the government argued, allowed the company to quickly secure seizure orders without full disclosure to the court regarding the nature of the assets.

The Ogun State government and the Federal Government have reportedly taken immediate steps to lift the provisional attachments on the jets.

The statement also accused Zhongshan of reneging on earlier discussions aimed at reaching an amicable resolution.

The Ogun State government likened the case to the infamous P&ID case, describing it as another instance of unscrupulous individuals disguising themselves as foreign investors with the intent to defraud Nigerian entities.

The statement reads, “On August 14, 2024, the attention of the Ogun State Government was drawn to the provisional attachment of three Nigerian government-owned aircraft in France by the Chinese company, Zhongshan Fucheng Industrial Investment Co. Ltd. (Zhongshan).

“Ogun State also learned of two orders of the Judicial Court of Paris dated 7 March 2024 and 12 August 2024 respectively, both obtained by Zhongshan without notice being duly given to the Federal Government or Nigeria, Ogun State or their legal counsel.

“This is the latest in a series of ill-advised attempts by Zhongshan to attach Nigerian-owned assets in foreign jurisdictions, none of which have to date led to the recovery of any sums from Nigeria.

 

“Each of the three aircraft is used solely for sovereign purposes and as such are immune from attachment under international and French laws. In obtaining the provisional attachments, Zhongshan deliberately withheld information from the Federal Government of Nigeria, Ogun State and their legal counsel.

“Just like the P&ID case, this is another unfortunate case of unscrupulous individuals masquerading as foreign investors with the sole aim of defrauding Ogun State and Nigeria.

“It should be recalled that the underlying contract between Ogun State and Zhongshan was executed in 2007, 12 years before the present administration, for the management of a free-trade zone.

“The parties entered into a dispute in 2015 with arbitration commencing in 2016.

“By 2019, when the current State Administration took office, the hearing at the arbitration had been all but concluded.

“The Arbitral Panel awarded over 60 million USD against the Federal Government of Nigeria (FGN) which was a co-defendant, when all Zhongshan had done was to build a perimeter fence around the free-trade zone. Needless to say this was a bad/unfair decision.

 

“The present State Administration could not in all good conscience allow such an unconscionable and baseless decision, which would dissipate the commonwealth of the good people of Ogun State.

“Accordingly, and based on erudite legal advice, this Administration resolved to resist the enforcement of the award. The resistance was successful in eight different jurisdictions.

“Currently, there are pending appeals against recognition orders issued in both the US and UK.”

Binance’s global regulatory woes continue with the latest episode happening in Brazil where the largest crypto exchange in the industry is expected to pay a fine of $1.7 million for derivatives trading violations.  

Binance will be paying $1.7 million to the Brazilian Securities and Exchange Commission (CVM) as a settlement following an investigation into its unauthorized derivatives trading in the country.  

The development was announced by CVM via an official statement on its website spelling out the details of the case and the amount Binance is expected to pay.  

 

“ The Board of the Securities and Exchange Commission (CVM), in a meeting on 8/13/2024, analyzed proposals for the Term of Commitment of the following administrative sanctioning processes (PAS): 

  1. PAS 19957.008369/2022–11: B Fintech Technology Services Ltda.
  2. PAS 19957.008992/2023–47 : Gafisa SA, Guilherme Augusto Soares Benevides and Ian Masini Monteiro de Andrade.
  3. B Fintech Serviços de Tecnologia Ltda presented a new proposal for a Term of Commitment to terminate PAS CVM 19957.008369/2022–11.

In a meeting held on 8/29/2023, the CVM Board decided to reject the agreement with B Fintech Serviços de Tecnologia Ltda, as it understood that the execution of the Commitment Term would not be timely and convenient. 

On 2/15/2024, a new proposal for a Term of Commitment was presented, and, after negotiations with the Term of Commitment Committee (CTC), the proponent committed to pay the CVM R$9,600,000.00. The PFE-CVM concluded that there is no legal impediment to the execution of the agreement. 

Therefore, the CTC considered it appropriate and convenient to accept the agreement. 

The Board followed the CTC’s opinion and accepted the signing of a Commitment Term with B Fintech Serviços de Tecnologia Ltda.” CVM Stated 

For context, B Fintech Technology Services Ltd. is a shell company operated by Binance in Brazil.  

In May 2023, a Brazilian court recognized that the company was part of Binance Group.  

CVM initiated the investigation into Binance’s operations in July 2020, accusing the company of offering derivatives trading services without the required licenses.  

Binance tried to settle the matter by offering a paltry settlement fee of $370,000 to CVM which was turned down.  

Both parties finally agreed on a $1.7 million settlement fee according to the official statement by Brazil’s CVM above.  

What to Know  

  • Binance is facing a lot of regulatory challenges in Various countries at the moment given the size and reach of the crypto exchange. The regulatory challenges all seem to border on Binance operating in a country without getting officially approved by relevant authorities.  
  • Binance recently had a spat with India which it appears to have settled. It just settled its case with Brazil but the crypto exchange is still at loggerheads with Nigeria over claims of Tax evasion and money laundering.  

[Nairametrics]

In this interview with Vanguard’s Law and Human Rights, the Attorney-General and Commissioner for Justice of Ondo State, Dr. Kayode Ajulo, SAN, spoke on various issues including the recent #Endbadgovernance protest and its handlers and the rights of Nigerians to protest.
He also reviewed the tenure of the outgoing Chief Justice of Nigeria, CJN, Justice Olukayode Ariwoola, even as he set an agenda for the incoming CJN, Justice Kudirat Kekere-Ekun, who is widely reputed as a no-nonsense judicial officer.

Excerpt:
Before the commencement of the last #EndBadGovernance protest, the government made spirited efforts to abort it. How does this align with people’s fundamental rights to freedom of expression, association and movement?

Away with all the sentiments expressed before during and after the protest, the basic issues at play which remains uncontroverted in any quarters is the government’s efforts to strike a balance between maintenance of public order and ensure the citizens’ rights as guaranteed by our laws in Nigeria and I didn’t see it from the perspective of the government trying to abort the protest.

Nigeria’s democratic growth, I must stress, depends on balancing public order and citizens’ rights and it is  government’s responsibility to maintain order while respecting people’s fundamental rights. People’s democratic right, I won’t say is sacrosanct, but constitutional and in this context of our discussion, freedom of expression is essential for democratic participation and accountability. Freedom of association is crucial for collective action and advocacy. Freedom of movement is necessary for personal and economic development and in doing this and permitting the protest, we must learn from history. As an undergraduate schooling in Nigeria, I participated in countless  protests that left some dead, some maimed and arrested, the last one, EndSARS, is still fresh as it got to a point that the protest turned into something else which borders on  issues of public order. And no responsible government will go to sleep particularly when the organisers of the protest were gracious enough to give adequate notices.

You will recall that some lawyers on behalf of government also went to court to obtain injunction to restrict movement of protesters to a certain location. Tongues wagged. In your view, what is the implication of such court order on the nation’s fledgling democracy?

This is a complex issue that touches on the balance between the right to peaceful assembly and the government’s responsibility to maintain public order.On one hand, the right to protest is a fundamental democratic freedom that should be protected. Peaceful protests play a crucial role in giving voice to citizens and holding the government accountable. Restricting the movement of protesters should  be seen as exercising the responsibility placed on government to maintain order and safeguard lives and property. The government also has a duty to ensure public safety and prevent potential violence or disruptions to daily life. Mass protests in this side of our world lead to unrest, property damage, or clashes with security forces. In this context, a court order restricting protest locations may be intended to facilitate the exercise of the right to protest while managing potential public order issues.

Ultimately, I believe this is a delicate balance that requires careful consideration of the specific circumstances. The implications for democracy depend greatly on how the restrictions are implemented and whether they are reasonable and proportionate to the situation. Overly broad or heavy-handed limitations could indeed be problematic for democratic freedoms.

And mind you, we all have some unique way of doing things, like in Ondo State, Governor Aiyedatiwa’s approach was to engage constructively with the people to find mutually agreeable ways while maintaining public safety. Transparent communication, good-faith negotiation, and a commitment to protecting fundamental rights, are crucial factors here.

What is your advice for protesters in future on how to coordinate protest without it being hijacked by hoodlums?

It’s everyone’s fundamental right to peacefully protest without affecting others’ fundamental rights. In future, it is essential and very imperative to prioritise careful planning, effective communication, and a strong commitment to peaceful, disciplined protest, these particularly require that law enforcement agencies, media and the authorities are involved.

It is not out of place to first engage government to seek any other alternative to the protest. For example, Governor Lucky Aiyedatiwa of Ondo State engaged with everyone, listened to them and proffered solutions to their complaints and in addition, as Attorney-General of Ondo State, a 24-hour Intervention Unit, Citizens Rights and Advisory Bureau, CRAB, was created  wherein people of the state come with their complaints and enquiries through our dedicated phone lines and other electronic devices to get across to the governor and his aides. By taking these steps, protesters can work to prevent their message from being overshadowed or hijacked by outside agitators.

It does appear many Nigerians were disappointed with Tinubu’s speech after the #EndBadGovernance protest, for not addressing the issues raised by the protesters. How will you react to this?

Presidential speeches and the public’s reactions to them can be complex topics, involving factors like messaging, leadership, and the broader socio-political context.

How President Tinubu’s speech is viewed is subjective depending on who is reviewing it. The essence of the speech is the Presidential reaction to the protest and my take home first is that the President acknowledged the protest and said his administration was ready to listen to, and address the concerns of the protesters. Do not forget that the President humbly made it bold to claim that he has heard their calls “loud and clear” and he promised to fix all the concerns raised. In my opinion, the message gives hope, quite reflective, while trying to sooth the nerves of the aggrieved Nigerians. And, above all, did the speech serve its purpose? I will say yes as the President connected with the people, gave clear directives, and no one is on the street as we speak.

Justice Ariwoola will bow out of the bench in a week’s time. Justice Kekere- Ekun will take over. How will you score the outgoing CJN?

Justice Olukayode Ariwoola, has an eventful tenure as Chief Justice of Nigeria. He assumed the role in 2022 after the sudden resignation of the previous CJN, Justice Tanko Muhammad. During his time as CJN, Justice Ariwoola presided over several high-profile cases and sought to address some of the challenges facing the Nigerian judiciary.

On the positive side, Justice Ariwoola is credited with efforts to improve the efficiency and transparency of court processes. He championed the increased use of technology and Human Resources in court proceedings. During his tenure, the apex court had its full constitutional number of 21 Justices and he pushed for faster resolution of cases. The judiciary also saw improved conditions for court officials under his leadership. During Justice Ariwoola’s tenure, the Supreme Court broadly demonstrated her independence and pro-people and progressive tendencies, as I shall never be quick to forget the President Vs National Assembly matter that I defended successfully before the full panel of the court, CBN’s Currencies Change matter, Local Government Autonomy and host of other cases that accentuated the very best of the Court.

However, Justice Ariwoola also faced criticisms on certain fronts. There were concerns raised about allegations of bias and undue influence in some instances which remain unproven. The judiciary continued to grapple with funding shortfalls and infrastructure challenges during his tenure. We should not also forget the image of the Judiciary today which begs for improvement.

Overall, Baba made many positive strides, but also fell short in fully addressing the very deep-seated problems facing Nigeria’s justice system. The incoming CJN, Justice Kekere-Ekun, will have her work cut out for her in continuing the reform efforts.

What do you know about the incoming CJN and what is your advice for her, going forward?

My noble Lord, Justice Kudirat Kekere-Ekun,  is a highly respected jurist with over 30 years of experience in the Nigerian judiciary. She has served as a Magistrate, then rose to become a Judge, and finally a Justice of the Supreme Court since 2013. She is known for her legal acumen, fairness, forthrightness, and fortitude. I have had several opportunities to appear before her, and I see her as a no-nonsense jurist.

Justice Kekere-Ekun has a reputation for being tough but impartial, with a steadfast commitment to upholding the rule of law.
This will be instrumental in restoring public confidence in the judiciary.
In all sincerity, I consider myself too humble a minion to advise the esteemed Justice Kudirat Motonmori Kekere-Ekun, as she takes on the role of CJN.

However, I will humbly beseech her Grace to consider the following: To prioritize a holistic agenda of judicial reforms, addressing the systemic challenges of inadequate funding, infrastructure deficits, and case backlogs.

To steadfastly work towards enhancing public trust and confidence in the judiciary through unwavering transparency, unimpeachable accountability, and the most steadfast fairness in all judicial proceedings.

To foster a spirit of collaborative synergy between the judiciary, the legislature, and the executive, thereby resolving any tensions and safeguarding the independence of the courts.

To invest diligently in the capacity-building of judges and court staff, while leveraging technological innovations to improve efficiency and widen access to justice.

To champion initiatives that shall promote the noble ideals of gender equality and diversity within the hallowed halls of the judiciary, for this shall undoubtedly strengthen the institution.

It is my fervent prayer that, with her Grace, wealth of experience and her demonstrated commitment to the rule of law, she shall steer the Nigerian judiciary towards a future of unparalleled excellence, despite the significant challenges that lie ahead. Her steady and discerning leadership shall undoubtedly make a most profound difference.

[Vanguard]

Professor of Law, Sam Amadi, has said the now withdrawn Counter Subversion Bill was intended to be used in controlling Nigerians’ freedom of speech.

The Director of Abuja School of Social and Political Thoughts, Sam Amadi, said it was bad that the Speaker of the House of Representatives, Tajudeen Abbas, decided to invest time in drafting a bill that cannot contribute to the economic development of the country.

 

Amadi noted that under the current federal government, Nigeria is de-developing and stagnating economically and politically.

He stated this on Thursday while speaking on AIT’s Kakaki show. He argued that the language of the bill was embarrassing just like the intention.

He added that the reference made to China in the statement released by the Speaker’s aide on Wednesday was the same reference made by Aisha Buhari, former President Muhammadu Buhari’s wife.

He noted that China’s law on speech freedom could not be likened to the draft of the Counter Subversion Bill, now withdrawn. He said the bill was worse than Decree 2 of former military president, Sani Abacha.

Amadi said, “I was a little bit surprised, but not too surprised. I think that the contents of the bill, not just the intention, if you read the language, were too overbroad, even though the whole idea of the bill is problematic in terms of clear attempts to suppress freedom, basic freedoms, not even high-level freedom, basic ones.

“I was surprised at the point of the language, that was so broad, not legalistic as expected. I mean it, things like if you embarrass a public officer, not just at the level of president, they said local government, community leaders, if you embarrass them.

And I was looking at the language of decree two under the military. This language was much harsher, broader, un-inclusive than even Abacha‘s language. It was horrible. How would anyone on planet Earth in Nigeria today that is under two lock trap, the lock trap of development?

“Nigeria is de -developing. We are not even talking about developing. Stagnant economic, stagnant social political structure. So you needed to unlock development. Why would such a country, its leaders, focus on very broad control of speech?

“Even in China, you know, let’s not forget that the former president’s wife talked about China’s regulation of speech as a model for us when they’re talking about hate speech. Sorry, when they talk about the social media view last under Buhari. They don’t have a kind of language, embarrass public officials.

“So it’s tragic that today a Speaker that has an array of very competent professionals around him would put his pen, his name, to such very disgraceful language of a deal.”

The former Imo State governorship aspirant under Labour Party emphasized that the ruling All Progressives Congress (APC) has been trying to impose authoritarianism on Nigerians. He said the bill was a response to the last #EndBadGovernanceinNigeria protest.

Let’s not forget intentment, which is basically a reaction against protest. But the language was too broad. So I was surprised by the language and that level of dissent into very authoritarian language, even beyond authoritarians.

“I mean, some authoritarians are smarter and more restrained in the bill they bring, but this is unbelievable. But I wasn’t surprised, really, also because there’s been a trajectory. Unfortunately, the APC, a party whose name suggests progressivism, since 2015 has had this romance with authoritarianism,” Amadi added.

[NaijaNews]

The maker of M&M’s and Snickers, Mars announced on Wednesday that it plans to acquire the snacks food company, Kellanova.

The all-cash transaction would value Kellanova which is behind snacks such as Pringles and Pop-Tarts at $35.9 billion, including debt

“In welcoming Kellanova’s portfolio of growing global brands, we have a substantial opportunity for Mars to further develop a sustainable snacking business that is fit for the future,” said Mars chief executive Poul Weihrauch in a statement.

The announcement comes as consumers feel the squeeze from rising costs of living, putting pressure on companies to rein in price hikes.

The move could also attract scrutiny from the United States’ regulators who have taken a tough stance on consolidations.

CFRA Research analyst Arun Sundaram, said he expects anti-trust attention, given the size of the deal against the current backdrop of rising food prices.

 

“However, we think the deal will ultimately go through, given the limited category overlap between the two companies,” he added.

CEO of Kellanova, Steve Cahillane told CNBC that both companies were in contact with US regulators and expected no difficulties.

“We have a chocolate factory. A chocolate factory can’t make Pringles,” Weihrauch added in the same CNBC interview. “We’re not too concerned,” he said.

The acquisition for $83.50 per share in cash “accelerates ambition to double Mars Snacking in the next decade, in alignment with global consumer demand trends,” Mars said.

This would bring two new billion-dollar brands, Pringles and Cheez-It, into its business. Already, the company said it has 15 billion-dollar brands.

“Snacking is a large, attractive, and durable category that continues to grow in importance with consumers,” Mars added.

Kellanova had net sales in 2023 of around $13 billion, and it is present in 180 markets with some 23,000 employees.

Shares of Kellanova closed 7.8 percent higher in the United States.

“The acquisition of Kellanova unlocks a significant opportunity for Mars to meaningfully compete with iconic brands in the growing category of salty snacks,” said analyst John Oh of research firm, Third Bridge.

Neil Saunders of GlobalData added that Mars has “virtually no presence” in the savory snacks category. But sales in the segment are growing at a faster pace than in confectionery, where Mars has a strong presence.

“With a 13.3 percent share of the worldwide confectionery market, it will become increasingly difficult for Mars to eke out further gains over the years ahead,” Saunders said. “The business needs to diversify.”

The Mars statement added that most of Kellanova’s snack brands outperform competitors, especially among Gen Z and millennial buyers.

The company added that the combined portfolio would also be suited to meet demand in fast-growing markets such as Africa and Latin America, given their supply chains and local operations.

The plan, according to Mars, is to grow Kellanova’s brands further.

The deal, which is anticipated to close in the first half of 2025, will need the green light from Kellanova shareholders and also will require regulatory approvals.

Mars plans to fully finance the acquisition via a combination of cash-on-hand and new debt, it said, adding that commitments have been secured.

Family-owned business Mars said it employs about 150,000 workers and has over $50 billion in annual sales.

In addition to its snacking and food products, the company is also active in the pet care industry. In 2022, Mars announced it had acquired Tru Fru, a whole-fruit snacking brand. Two years prior, it had completed the purchase of Kind North America, known for its healthier snack options.

[Leadership]

Indications have emerged that the total monthly pay of 99 non-principal officers of the Nigerian senate is above N2 billion.

One of them, Senator Abdulrahman Kawu Sumaila (NNPP, Kano), on Wednesday, confirmed that he receives about N21 million monthly as his perquisite for representing the people of Kano South Senatorial District in the 10th National Assembly.

He however said that he does not know how much goes to the Senate president, the deputy Senate president, as well as each of the eight other principal officers of the upper chamber of the Nigerian parliament.

The revelation by Kawu puts the total monthly package for all the 99 non-principal officers of the Senate at N2.079 billion.

The 10 principal officers of the 10th Senate are: President, Godswill Akpabio; Deputy President; Jibrin Barau; Majority Leader, Opeyemi Bamidele; Deputy Majority Leader, Lola Ashiru; Chief Whip, Tahir Monguno; Deputy Chief Whip, Nwebonyi Peter Onyeka; Minority Leader, Abba Moro; Deputy Minority Leader, Akogun Lere Oyewumi; Minority Whip, Osita Ngwu and Deputy Minority Whip, Rufai Hanga.

The earnings of the presiding officers of the National Assembly have been still not been known, with several other lawmakers in the past saying they do not know what those officers receive monthly, and that even the number of aides statutorily allowed for those category of officers were unknown to them.

Efforts by Daily Trust to get the breakdown of their monthly earnings yesterday were not successful as the Senate’s spokesperson, Yemi Adaramodu, neither answered calls nor replied to messages inquiring about the earnings of the principal officers, where were sent to his mobile telephone line.

There have been controversies in recent times over the actual salaries and allowances of federal lawmakers in the country.

 

Some former members of parliament like Senator Shehu Sani and representatives Muhammad Sani Zoro and Sergius Ogun had recently quoted different figures as emoluments of lawmakers, and also challenged those who are serving in the 10th National Assembly to make public what they earn.

Ogun, who represented Esan North-East/Esan South-East Constituency from 2015 to 2023, had disclosed last week that each member of the House of Representatives received N8.5 million monthly as running costs while he was in the parliament.

Sani Zorro, who had represented Gumel/Maigatari/Sule Tankarkar/Gagarawa Federal Constituency of Jigawa State in the House of Representatives from 2015 to 2019, however, challenged those currently serving to make public their entitlements. 

Senator Sani, who was in the Senate from 2015 to 2019, had said each senator received a monthly running cost of N13.5 million in addition to the monthly N750, 000.00 prescribed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

Also, former  President Olusegun Obasanjo recently criticised the federal lawmakers for allegedly fixing their salaries, describing the practice as “immoral.”

In response to Obasanjo’s accusation, however, the Senate spokesman, Yemi Adaramodu insisted that members of the National Assembly only receive what was allocated to them by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC).

But reacting to Senator Sani’s claim, the Chairman of RMAFC, M. B. Shehu, had, in a statement on Tuesday, said each senator earns N1,063,860 in salary and allowances per month.

The RMAFC boss, however, stressed that the commission does not have the constitutional powers to enforce compliance with the proper implementation of the remuneration package of lawmakers. “This lacuna is, however, being addressed by the National Assembly,” he had stated. 

I earn N21m monthly running cost – Senator Kawu Sumaila

But in what seemed to be a contradiction of the RMAFC’s position, Senator Kawu Sumaila, in an interview on BBC Hausa on Wednesday, said that he receives about N21 million monthly.

Kawu, a former legislative aide to former President Muhammadu Buhari, said: “The amount that salary that each senator receives per month is less than N1 million. If there are cuts, it comes back to about N600,000.

“In the Senate, each senator is given N21 million every month as the cost of running his office”, he said.

He said the N21 million each senator receives is for all the activities, including domestic trips, purchase of daily newspapers, among other functions.

Former President Obasanjo had, on Friday in Abeokuta, Ogun State, while hosting six members of the House of Representatives, led by Ikenga Ugochinyere, who visited him, accused federal lawmakers of fixing their salaries and allowances; a claim both chambers had separately dispelled.

 “In your case, with all due respect, you’re not supposed to fix your salaries. But you decide what you pay yourself—the allowances that you give yourselves, including newspaper allowances.

“You give yourselves all sorts of things, and you know it is not right. It is immoral, yet you are doing it, the Senate is doing it, and you are beating your chests about it. In some cases, the executive gives you what you’re not entitled to. You all got N200 million (each),” Obasanjo had alleged.

Adjust your earnings with masses’ realities—SERAP, YIAGA, CHRICED

Reacting to the revelation by Senator Sumaila, some civil society organisations (CSOs) and analysts yesterday raised concerns over the “huge” pays being received by the legislators amidst the hardship in the land.

Executive Director, Socio-Economic Rights and Accountability Project (SERAP), Adetokunbo Mumuni, in a chat with Daily Trust, noted that Nigeria operates one of the world’s most expensive democracies without corresponding results.

“We cannot compare ourselves with any other nations in terms of the expenses incurred, whether annually or monthly. Legislators, especially senators, must reassess their earnings in line with the realities of the Nigerian nation,” Mumuni said.

He decried the huge disparity between the earnings of lawmakers and the average Nigerian, saying the N70,000 new minimum wage for Nigerian workers is a stark contrast to the N21 million received by senators.

“This situation needs urgent attention to prevent leaving future generations of Nigerians in a dire financial mess,” he added. Mark Amaza, Senior Communications Officer at Yiaga Africa, said even after 25 years of democratic governance, Nigerians still lack clarity on the earnings of their federal legislators.

He blamed the National Assembly for perpetuating “this opacity”, saying “Transparency and accountability are essential in a democracy, and the earnings of legislators should not be a closely guarded secret.”

Ibrahim Zikirullahi, Executive Director, the Resource Centre for Human Rights and Civic Education (CHRICED), said the revelation by Senator Sumaila reinforced the need to reduce the cost of governance.

He said it was “unfortunate” that those entrusted with managing the nation’s resources appear indifferent to the needs of the people they represent.

“At a time when the majority of Nigerians are suffering from multi-dimensional poverty and severe hunger, it is disheartening to learn that such vast amounts are being spent on just 109 lawmakers while millions lack basic amenities like roads, electricity, and water,” Zikirullahi said.

He said the funds allocated to legislators could be better spent on public services such as schools and healthcare centres.

“Something drastic must be done to address social inequality in this country, starting with a significant reduction in the funds allocated to the lavish lifestyles of our political officeholders. The frequent calls by the government for citizens to make sacrifices amid Nigeria’s economic challenges will ring hollow if those in power continue to enrich themselves at public expense,” he said.

Former Chelsea midfielder Mikel Obi has categorically stated that he will do his utmost to see compatriot Victor Osimhen sign for the London club, PUNCH Sports Extra reports.

The former Super Eagles captain, in a video posted on X, added that another club legend, Didier Drogba, was also in contact with the Napoli striker, as they hoped to convince him to make a switch to Stamford Bridge.

Osimhen’s future remains the subject of intense viral speculations ahead of the final weeks of the summer transfer window. The striker has asked to leave Napoli and has been linked with a transfer to Chelsea in a deal that would see Romelu Lukaku move the other way.

Chelsea have already signed a host of players this summer, including Pedro Neto, Kiernan Dewsbury-Hall, Marc Guiu, and Filip Jorgensen, but appear ready to continue their spending spree, with the 25-year-old ranking prominently on their wish list to lead their line during the 2024/25 season.

 

Just a few weeks before the close of the transfer window, Mikel revealed that he would try and help the club land their primary target, whom he believed would be an instant hit in the English Premier League.

“We want somebody who can finish, score goals, the tap-ins. Someone like Erling Haaland,” Mikel said.

 

“That’s something Victor Osimhen will bring to Chelsea. I hope that Chelsea fans will finally see him come to the club. I’ll make sure I send him those text messages and calls, making sure Chelsea is his top priority! But it seems like he loves the club and wants to come to Chelsea.

“I’m sure he has all the big clubs wanting to sign him. I think if we can secure his signature, it would be fantastic for the club. He’s somebody who will get us goals, and that’s something that we need right now.

“A fantastic guy, a fantastic human being, and I really do hope he comes to the club, and I’ll try my best to make sure that happens. Didier is also speaking to him, sharing his own ideas and what the club means to us. We all want to see Victor come to the club.”

Osimhen has emerged as one of the most sought-after strikers in Europe, having been linked with moves to Chelsea, Arsenal, Paris Saint-Germain, Manchester United, and Liverpool, among others, following impressive seasons with Napoli.

However, his hefty €130m remains the stumbling block, with PSG, among other suitors, backing off, leaving Chelsea as the only European club still keen on signing him.

[Punch]

The Ogun State Police Command has alerted members of the public of a notorious one-chance gang operating within Sagamu, Ijebu Ode, and Mowe areas of theUK economy slows slightly in second quarter state.

The command’s spokesperson, SP Omolola Odutola, who disclosed this in a statement obtained late Wednesday, night, said the command had received numerous complaints from residents, one of which involved a victim, who was robbed of N700,000 at gunpoint after getting into a car from Kajola on Wednesday. 

Odutola, while warning traders and business owners not to risk travelling with huge cash, advised commuters to record and send a video to the police media if they were unsure about a boarded vehicle.

She said, “The Ogun State Police Command has become inundated with complaints of a notorious gang operating within Sagamu, Ijebu Ode, and Mowe areas of Ogun State.

“Commuters on that axis should make a video of your next trip and upload it to police media when in doubt of the vehicle.

“Please alert our traders and business owners not to risk travelling with huge cash.

“Today, N700,000 was transferred from a victim who joined from Kajola, and at gunpoint, they drove her into a street and made the transfer into a POS machine.

She added that investigation is ongoing to apprehend the culprits.

[Vanguard]

The Economic and Financial Crimes Commission (EFCC) says the N50 billion it handed to the Nigerian Education Loan Fund (NELFUND) was not a donation from the commission.

In his speech on the #EndBadGovernance protests on August 4, President Bola Tinubu ordered the release of the sum to NELFUND.

“This week, I ordered the release of an additional N50billion Naira each for NELFUND – the student loan, and Credit Corporation — from the proceeds of crime recovered by the EFCC,” Tinubu said.

On Wednesday, there were reports that the EFCC “donated” the sum to NELFUND.

 

In a statement on Thursday, Dele Oyewale, EFCC spokesperson, said the fund was not a donation but “part of the recovered proceeds of crime remitted to the government”.

“President Bola Ahmed Tinubu in furtherance of his social intervention policy for the most vulnerable segments of the population, decided in his wisdom, to plough the money into funding the critically acclaimed students loan scheme,” the statement reads.

“It is not the place of the Commission to determine where the government commits recovered proceeds of crime.

 

“But the student’s loan scheme is a salutary innovation which has the potential to reduce youth involvement in criminality.

“As the Commission’s Chairman, Ola Olukoyde disclosed during a courtesy visit to the Commission by the NELFUND’s Managing Director and Chief Executive Officer, Mr. Akintunde Sawyerr on August, 13, 2026, the EFCC will monitor the use of the funds to ensure accountability and the realization of the objectives of the Scheme.”

[TheCable]

The leadership of Labour Party on Wednesday rejected Chief Olusola Ebiseni, the Secretary-General of the Yoruba socio-cultural group, Afenifere, as the party’s candidate in the November 16 governorship election in Ondo State.

The party’s decision was contained in a statement by Obiora Ifoh who declared that Dr Ayo Olorunfemi emerged as the party’s flag bearer at the primaries held in Akure in June 2024.

“Ebiseni, who contested for the governorship of the opposition Peoples Democratic Party (PDP) in the state but lost, was yet to relinquish his membership PDP, neither identified with the Labour Party.

“Dr Olorunfemi is the candidate of the Labour Party. He emerged after the governorship primaries witnessed by the Independent National Electoral Commission (INEC).

“His name was subsequently submitted to INEC and was published as the Labour Party’s duly nominated candidate for the Ondo election.

“INEC has since concluded the nomination processes and one wonders how he emerged without the involvement of INEC and the sponsorship of the Labour Party,” he said.

 

LP subsequently urged the Nigeria Police, Department of State Security(DSS) and other security agencies to apprehend anyone impersonating or being used to fight a proxy battle against

 
 

He added that “Labour Party is poised to win the Ondo governorship election having fielded a very credible candidate who is a grassroots politician, a prominent Labour leader and a renowned educationist.

“We think that this unholy alliance between Ebiseni and APC sponsored NLC is geared towards frustrating our expected victory at the polls but we will resist it through every legal means.

“We are therefore calling on party members in Ondo, particularly Obidient family and the entire electorate to ignore the gang up against the party.

“Come out en-masse to vote for Dr Olorunfemi of the Labour Party, secure our votes and make sure our votes count.”

THE WHISTLER recalls that the Nigeria Labour Congress(NLC) had kicked against the convention that produced Julius Abure as LP’s National Chairman. Subsequently, the former President of NLC, Abduwaheed Omar, was appointed to chair the National Transition Committee(NTC). 

Members of the NTC, including Dr. Kingsley Okundaye, Prof  Theophilus Ndubuaku, and Folu Bademosi, nominated Ebiseni as flagbearer of the party.

But the Abure faction in a statement by its National Publicity Secretary, Obiora Ifoh, on Wednesday, insisted that Olorunfemi is the party’s flag bearer, saying he emerged at the primaries held in Akure in June 2024.