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The consumer price index (CPI), which measures the rate of change in prices of goods and services, surged to 19.64 percent in July 2022, up from 18.60 percent in the previous month.

The rate is the highest recorded since September 2005.

The National Bureau of Statistics (NBS) said this on Monday in its consumer price index (CPI) report for July 2022.

The figure is also 2.27 percent points higher compared to the rate recorded in July 2021, which was 17.38 percent.

The development means that the headline inflation rate increased in July 2022 compared to the same month in the previous year (July 2022).

According to the report, increases were recorded in all classifications of individual consumption according to purpose (COICOP) divisions that yielded the headline index.

“On a month-on-month basis, the Headline inflation rate in July 2022 was 1.817 %, which was 0.001% higher than the rate recorded in June 2022 (1.816 %),” the report reads.

“The percentage change in the average CPI for the twelve months period ending July 2022 over the average of the CPI for the previous twelve months period was 16.75%, showing a 0.46% increase compared to 16.30% recorded in July 2021.”

FOOD INFLATION HITS 22% AS PRICES OF BREAD SOAR

The report added that food inflation rose to 22.02 percent in July, an uptick compared to 20.60 percent in June.

This rise in the food index was caused by increases in prices of bread and cereals, food products, potatoes, yam and other tubers, meat, fish, oil, and fat.

“On a month-on-month basis, the food inflation rate in July was 2.04%, this was a 0.01% insignificant decline compared to the rate recorded in June 2022 (2.05%),” the report adds.

“This decline is attributed to a reduction in the prices of some food items like tubers, maize, garri, and vegetables.”

In analysing price movements, the report said Akwa Ibom, Ebonyi and Kogi states witnessed the highest prices.

Meanwhile, Jigawa, Kano and Borno recorded the slowest rise in inflation.

“In July 2022, all items’ inflation rate on a year-on-year basis was highest in Akwa Ibom (22.88%), Ebonyi (22.51%), Kogi (22.08%), while Jigawa (16.62%), Kaduna (17.04%) and Borno (18.04%) recorded the slowest rise in headline Year-on-Year inflation,” the report said.

“However, on a month-on-month basis, July 2022 recorded the highest increases in Adamawa (2.87%), Abuja (2.84%), Oyo (2.77%), while Bauchi (0.82%), Kano (0.83%) and Niger (1.03%) recorded the slowest rise on month-on-month inflation.”

RISING INFLATION TO PUSH MORE NIGERIANS INTO POVERTY

The Russia-Ukraine crisis continues to have devastating effects on the global economy, resulting in rising energy and food costs.

Affected the most are families in low-income countries who were already spending 42 percent of their household incomes on food, according to the United Nations Development Programme (UNDP).

In Nigeria, the World Bank estimated that inflation would likely push an additional one million into poverty by the end of 2022.

[THECABLE]

A Fulani professional group, Coalition of Fulbe Professionals in Africa, Monday, distanced itself from a statement credited to one Alhaji Alhasan Salah, said to be National Secretary of Miyetti Allah Kautal Hore, embarking on a campaign of calumny against the 2023 presidential candidate of Labour Party, Peter Obi. The group described the move as “politically sponsored.”

The organisation called on Nigerians to disregard any statement from Miyetti Allah Kauta Hore, saying it did not speak for Fulani ethnic group or represented the Fulani in any way.

Alhasan had, in an interview with a national newspaper, said the Fulani nation would not support the candidature of Obi, describing him not only as a tribal bigot but also as someone who did not like the North, and by extension, the Fulani tribe.

“As far as Miyetti Allah is concerned, Obi is out of the options of persons to be voted for in the forthcoming elections.

“As far as we are concerned, we know those we cannot vote for. You see the one that they call Obi or OBIdient, any Fulani man who votes for him must be questioned because he may not be a true son of the soil.

“Obi represents the Biafran interest. So, we know those we cannot vote for and those that cannot be President of Nigeria. He is a tribal bigot,” he said.

But, COFPIA, in a statement signed by its National President, Prof. Mohammed Gidado, and Secretary, Hajiya Mairo Modibo, said while it acknowledged their right to freedom of expression and opinion, it would say “they don’t have the right to speak for the entire Fulani in Nigeria, especially when they havd not lived up to expectations.”

COFPIA said Fulbe people all over Nigeria “will not be binded by that politically sponsored statement of Miyetti Allah.”

“Our attention has been drawn to a sectional, unpatriotic, ungodly and senseless statement credited to one of our brothers, Alhajji Hassan Saleh, the National Secretary of Miyetti Allah Kautal Hore, the most controversial Fulani group in Nigeria, which no doubt, is responsible for the bad name Fulani nation has been branded with in Nigeria.

“The Fulbe all over Nigeria will not be binded by that politically sponsored statement of Miyetti Allah anymore.

“The Fulani people are wise now and cannot be used as tools of extortion and religious sentiment any more. We will enlighten our people to vote for competence and capacity come 2023. We will never vote for any candidate who has nothing to offer. We have gone far beyond religious and ethnic sentiments.

“We will vote for a President that will tackle poverty and acute hunger that have held our people hostage for so long. We will vote for a President that will fight insecurity with every commitment and unbiased mind, no matter who is involved.

“Our respected tribal group, Miyetti Allah, should channel their campaign to redeem the bad image they have created for Fulani people in Nigeria rather than casting aspersions on Peter Obi, who has demonstrated capacity to rescue Nigeria from the current hopelessness.

“We wish to also make it categorically clear that we have not endorsed Obi or any presidential candidate in the forth-coming general election and we are not Obi’s mouthpiece, but it is wrong for our people to continue to brand Peter Obi as a tribal bigot and that he doesn’t like the North. Available data has shown Obi as an ardent nationalist that believes in the unity of Nigeria.


“We, therefore, call on our brothers in the Miyetti Allah Kauta Hore to only speak for their group, rather than misleading Nigerians that they are speaking for the entire Fulani people.

“They lack the moral, spiritual, and religious rights to speak for the entire Fulani people in Nigeria, especially when they have reduced themselves to tribal bigots that has no regards for other tribes and faiths.

“Nigerians have taken position in the forthcoming elections to vote for the best man for the job and cannot be distracted by any selfish agenda and blackmail.

“As campaigns start, we shall mobilise and enlighten Fulani, young and, old to every ruga’s and town to sensitize our people so as not to be deceived by Miyetti Allah Kauta Hore and its like.”

[PUNCH]

The presidential panel that probed Ibrahim Magu says 14 fraud cases involving N118 billion and $309 million were abandoned by the former acting chairman of the Economic and Financial Crimes Commission (EFCC).

In the final report submitted to President Muhammadu Buhari in November 2020, the EFCC, under Magu’s watch, was also accused of not remitting another N48 billion loot recovered in foreign and local currencies, TheCable can report.

The panel headed by Ayo Salami, former president of the court of appeal, was set up to probe the EFCC from May 2015 to May 2020 when Magu was in charge of the agency.

TheCable understands that the report has now been submitted to the office of the secretary to the government of the federation.

A panel to produce the white paper will soon be set up, presidency sources informed TheCable.

The former EFCC boss was alleged to have mishandled the recovered loot and sold seized assets to his associates.

Wahab Shittu, Magu’s lawyer, declined to comment on the report when contacted by TheCable “because I cannot talk on a report I have not seen”.

The report reviewed both written and oral testimonies of over 100 witnesses, having overtaken nationwide physical verification of recovered forfeited assets, comprising real estate, automobiles, vessels and other non-cash as well as cash assets.

The review of the report of the Presidential Committee on Audit of Recovered Assets (PCARA) appeared to show that the anti-graft commission gave contradictory figures on the total number of recovered real estate.

“The EFCC under the watch of the suspended Ag. Chairman in its submission to PCARA reported N46,038,882,509.87 as being the foreign currency equivalent recovered by the commission between May 29, 2015, and November 22, 2018,” the report stated.

“The EFCC, however, only produced evidence of lodgements of thirty-seven billion, five hundred and thirty-three million, seven hundred and sixty-four thousand, one hundred and ninety-five naira, sixty-six kobo (N37,533,764,195.66), leaving a shortfall of eight billion, five hundred and five million, one hundred and eighteen thousand, three hundred and fourteen naira, twenty-one kobo (N8,505,118,314.21).

“The EFCC reported to PCARA a total naira recovery of five and four billion, one hundred and fifty-four million, one hundred and eighty-four thousand, seven hundred and forty-four naira, four kobo (N504,154,184,744.04); the actual bank lodgement of the naira recoveries was, however, five hundred and forty-three billion, five hundred and eleven million, seven hundred and ninety-two thousand, eight hundred and sixty-three naira, forty-seven kobo (N543,511.792,863.47).

“That EFCC failed to produce before PCARA the evidence/record of the difference of thirty-nine billion, three hundred and fifty-seven million, six hundred and eight thousand, one hundred and nineteen naira, forty-three kobo (N39,357,608,119.43).

“The EFCC, in its returns on non-cash assets, made to the president on April 7, 2017, declared 836 as the total number of recovered real estates, while in its first and second returns to PCARA, it rendered contradictory figures of 339 on 13/12/2017, leaving a difference of 497 and 504 on 9/3/2018, with a difference of 332.”

In addition, the panel alleged that Magu abandoned multi-million dollar fraud cases involving high-profile individuals and transferred some officials of the commission investigating the cases.


He was also accused of disobeying court orders and presidential directives.

“Between 2016 and 2019, fourteen (14) procurement fraud cases involving N117,972,209,035 and $309,151,419 were abandoned under Mr Ibrahim Magu’s watch,” the judicial commission said.

“The commission observed from its findings that prosecutorial decisions by Ibrahim Magu on case files were based on his personal whims, as against the law and facts. The commission also notes the prevalence of widespread corruption, abuse of power and pervasive impunity in the running of the EFCC.”

JETS MISSING, HOTELS UNACCOUNTED FOR

The panel also said records of forfeited assets were poorly kept by the commission.

Under Magu’s watch, the panel stated, eight plazas were seized by EFCC but the commission reported no forfeiture of the plazas.

In addition, three jets were listed in interim forfeiture, but the panel could not trace them; 21 hotels were reported to have been forfeited on an interim order, but only eight were found; 42 fuel stations were reported to have been forfeited on an interim order, only eight could be verified.

According to the report, the vessels seized by the commission were neglected and they sank in the sea with a substantial quantity of petroleum products.

“In 2016, Magu halted the process of disposing of two finally forfeited vessels, MT Good Success with 1,459 metric tons of PMS; and MT Askaris with 3,423,097 metric tons of crude…the cargoes eventually sank…Magu also asked the navy to release two vessels conveying illegally refined AGO to their owners,” the panel said.

“Thirteen water vehicles (vessels) handed over to the EFCC by the Nigerian Navy, out of a total number of 154 vessels, have submerged (sunk) with tons of contents.

“The submissions made by the EFCC before the commission shows that, from inception to date, the total number of non-cash assets recovered under final forfeiture was 3133. The analysis of the recoveries shows that some of the assets were disposed of, forfeited to a third party or negligently lost. The commission conducted physical verification of recovered assets across the country from 1st-27th October 2020. The outcome of the exercise was revealing as some of the forfeited assets have been lost, deteriorated, physically possessed by the suspects, or could not be traced and in some instances remain in occupation years after their final forfeiture.

“The EFCC reported disposal of 275 real estate, the judicial commission only confirmed 76 disposal.”

THE EXIT OF MAGU

In July 2020, while Magu was the acting chairman of the EFCC, he was arrested, detained and suspended.

He appeared before the Salami-led panel probing allegations of gross misconduct against him.

Magu was further accused of suppressing high-profile cases involving four former governors, one of whom is currently a senator.

TheCable had reported that the panel recommended Magu’s sacking and prosecution over allegations of corruption and abuse of office.

The panel further recommended that Magu should be referred to the inspector-general of police (IGP) for “necessary disciplinary action”, and that he should be prosecuted for the alleged offences.

It has been almost two years since the panel submitted its report, but most of its recommendations are yet to be implemented. Instead, Magu was promoted to the rank of assistant inspector-general (AIG) by the Police Service Commission (PSC) a few weeks before he retired, despite the indictment.

In May, Muhammad Dingyadi, minister of police affairs, said the report of the panel on Magu was still under consideration and the former EFCC boss can still be prosecuted if found guilty despite his retirement.

Dele Momodu, publisher of Ovation Magazine, says Nyesom Wike, governor of Rivers, will not leave the Peoples Democratic Party (PDP).

His statement comes amid speculations that Wike, who is a member of the PDP, may defect from the party after losing the presidential and vice-presidential tickets.

Speaking on Sunrise Daily, a Channels Television programme, on Monday, the former presidential hopeful said Wike is a principled politician.

He said the development in the party following the outcome of the presidential primaries has made the governor of Rivers a force to be reckoned with.

“For me, governor Wike is a very principled man; if there’s one thing he has been consistent about, it is his love for PDP; I believe he will not leave PDP. He is playing a mind game and he’s good at it. What shall he profit him if he joins APC?” he said.

“The situation in PDP shows what Wike is in the equation of things in Nigeria. If you have a man who is your best governor across the board, across party lines, Wike stands out as a fantastic performer.

“Today, the fear of Wike is the beginning of wisdom in PDP, there is no question about that. Wike is smart, he knows the game he’s playing, and what he wants to do is to force a deal with the party. That’s my own reading of the situation.

“He is a very smart politician. I’m sure eventually the party will reach an agreement with him.

Momodu said Atiku Abubakar, the presidential candidate of the PDP, should have a one-on-one meeting with Wike to resolve the crisis rocking the party.

“What I would advise Atiku Abubakar to do today is to sit down one-on-one without no other person present with governor Wike and agree on deliverables, If possible, sign an agreement,” he said.

“Governor Wike believes that the party should have respected the zoning principle, number two, he believes that zoning would have favoured a southern candidate. Three, he believed that of all the southern aspirants, he is the one that has the capacity to deliver victory to the party.

“Then number four, I believe he thinks he should have been to one to make that presidential candidate.”

[THECABLE]

Exactly seven days after Pastor Ibidun Ighodalo’s 42nd posthumous birthday, her brother, Diran, has now welcomed a set of twins (both girls), and they have been christened, Ibidun and Ibidunni.

Announcing the good news and return of Ibidun, her brother, Dare Ajayi via Instagram wrote “about a month ago my brother and his wife welcomed a set of twins (girls). Exactly 7 days away from @ibidunni_ighodalo ‘s birthday.

This can only be God’s doing. Our hearts are full of joy and gladness. Surely his word which says “ weeping may endure for a night but joy cometh in the morning” psalm 30:5 is indeed true. This is a double gift for our troubled hearts! Welcome Ibidun & Ibidunni. May your stars shine even brighter than your predecessors. Amen. From Uncle Darizo”

The announcement has since sent fans and loved ones of the late Ibidunni Ighodalo into a jubilatory mood.

Jubilation as Ibidunni Ighodalo returns to her family (photos)

Kemi Filani recalls that the event management expert and philanthropist, Ibidunni Ituah Ighodalo died on the 14th of June, 2020 at age 39.

The executive officer of Elizabeth R died of cardiac arrest in a hotel room in Port Harcourt, where she went for an official assignment.

Her remains were flown to Lagos where she was laid to rest.

The late Ibidunni and her kids

Ituah Ighodalo was buried on the 20th of June 2020 amidst tears.

Marking her 42nd posthumous birthday, Pastor Ituah Ighodalo and his two children paid a visit to his wife’s graveside.

The clergyman took to his Instagram story to share photos from the sober day.

June 14, 2022, marked the two years anniversary of the deceased.

In honour of her, her husband and family held a memorial service.

The mother of late Ibidunni Ighodalo, Ibidunni Ighodalo’s beautiful kids, his brother Asue and his wife, Ifeyinwa Ighodalo were present at the memorial.

 
 
 
 
Jubilation as Ibidunni Ighodalo returns to her family (photos)
Jubilation as Ibidunni Ighodalo returns to her family (photos)
 

Renowned businessman, Obinna Iyiegbu, popularly known as Obi Cubana graced Mercy Chinwo’s wedding last Saturday.

Vanguard reports that Mercy Chinwo who traditionally tied the knot with her husband, Pastor Blessed Uzochikwa on August 12th, Friday, also had her church wedding on Saturday, August 13th.

Obi Cubana who attended the most talked about wedding in town with his friends made money rain as the gospel singer and her husband rocked the dance floor. 

Videos on social media show the moment Obi Cubana rained stashes of cash on Mercy Chinwo and her husband, Blessed Uzochikwa as they all danced during the ceremony.

Watch video of the moment Obi Cubana, his wife, and friends sprayed money randomly:

A Chief Magistrates’ Court sitting in Kano, on Monday, sentenced a 23-year-old man, Sadiq Miko, to six months imprisonments for stealing a goat worth N40,000.

Miko, who lives at Tudun Murtala Quarters Kano, was convicted for theft.


Chief Magistrate Zubairu Inuwa, gave the convict an option to pay to pay a fine of N30,000 after he pleaded guilty to the charge.


Inuwa also ordered the convict to pay the complainant the sum of N40,000 as compensation for the goat or serve nine months imprisonment.

Earlier, the prosecution counsel, Mr. Ahmed Sarki, told the court that one Isah Bello of Ranji Quarters Kano, reported the matter at Gwagwarwa Police Division Kano on July 10.


Sarki said on the same date at about 10a.m., the defendant stole the complainant’s goat valued N40,000 in his house at Ranji Quarters Kano.

He said that the offence contravened Section 287 of the Penal Code. (NAN)

Nigerian senator and former governor of Abia state, Orji Uzor Kalu is not happy with Nigerian youths as he has taken to his official Facebook page to lament the level at which the youths insult elders in the country.

It all started when the Senate Chief Whip took to Facebook to lament Man United’s  4-0 loss to Brentford on Saturday, August 14, saying “for the first time in 84 years Manchester United suffered a heavy defeat to Brentford.

“Definitely not a good time for Man U and its fans, I hope they get back on track and on time as one can only imagine what will happen when they face Liverpool next week.”

Well, as usual, Facebook users stormed the comment section to mock the APC chieftain, saying his party will be defeated like Manchester United in the 2023 presidential election.

Nigerian actress and filmmaker Eniola Badmus was recently spotted in a viral video spraying money on Nigerian hip-hop singer and songwriter Davido.

The video showing moment Davido stood speechless while Eniola Badmus showered him with cash at an event as well triggered reactions from fans.


While many hailed their friendship, some could see the singer overwhelmed with emotions and dumbfounded.

See Video Below:

 

One of the major problems we have in Akwa Ibom State is politically motivated violence during election seasons. During the 2015and 2019 elections, many APC members and supporters were killed before and on election day. Soon after the last general elections, an orgy of violence erupted in Etim Ekpo, Ika and Ukanafun LGAs. We were told that the fighters were gang members who were hired by some PDP warlords to unleash violence in those communities during the elections. Abandoned after the polls, the criminals resorted to terrorizing the people to draw government’s attention to their plights. I’m not sure that these three LGAs have fully recovered from the three-year gang wars that devasted the areas between 2016 and 2019.

There are also reports that the western flank of the state, notably Mkpat Enin LGA, has been engulfed in violent crises in the last two years. Kidnapping, robberies and rapes are common in this vast LGA which was hitherto very peaceful.These crimes are usually perpetrated by rival gangs fighting for supremacy in their communities.

In Akwa Ibom, PDP habours many cells of criminal gangs sponsored by political big wigs. Ibiono Ibom, Etim Ekpo, Ukanafun are notorious hotbeds of these violent killers. Although Gov. Udom Emmanuel has banned cultism in the state, the problem has not abetted. Maybe, it is spreading. We now know that some secondary school students in the state are gang members. It is a very dangerous dimension to a frightening challenge. The administration appears helpless in tackling these vices.

But as we prepare to elect a new governor next year, Akwa Ibom people are eager to hear from the major candidates on how they’d fight these crimes. So far, of the three major governorship candidates in the 2023 election, only Senator John James Akpanudoedehe of NNPP has spoken out loudly against the problem of gang violence and criminal activities in the state and proffered solution on how he would address it as governor. The Senator believes that the problem is caused mostly by unemployment, poverty and lack of skills among the youths.

At every stop during his ongoing ward tour and even during the concluded federal constituency tour, Senator JJ keeps harping on his message of creating jobs to employ the youths and take them out of crime. He has also vowed to implement an amnesty program in which gang members would be offered amnesty and empowerment in return for their renouncing violence and returning their arms to the authorities. In addition, he wants to implement an investment program in which 1,000 people would be selected from each LGA and given a grant of N1 million to start their own business.

In addition, Senator JJ has also pledged to support and strengthen the police and other law enforcement agencies to fight crimes. He has also pledged to support a Constitutional amendment that would create State Police.

I commend Udoedehe for his courage and strength of character in confronting our demons.

I am very disappointed that no other candidate has made any pronouncement on gang violence and criminal enterprises in the state. Some people have claimed that because these other two major candidates are weighed down by their own guilty consciences (both are facing criminal trials in the courts), they are hard pressed to talk openly about crimes and criminals.

Well, Akwa Ibom want to hear from their governorship candidates on these critical issues. I therefore challenge all the candidates to tell us their plans for curbing gang violence and other crimes in the state. They should come clean on their roles in nurturing cultism in the state.

Akwa Ibom people are wiser. They are listening.

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