Super Eagles head coach, Jose Peseiro has refused to rule out Stanley Nwabali from the side’s quarter-final fixture against Angola.

Nwabali sustained a knee injury in Nigeria’s thrilling 2-0 victory against the Indomitable Lions of Cameroon last Saturday.

The 27-year-old was replaced by Francis Uzoho 10 minutes from time.

The Chippa United shot stopper sat out training on Monday night at the Police College, Cocody.

“He (Nwabali) is with us, we are hoping he will be available for the game against Angola,” Peseiro told reporters.

“He will undergo another test on Wednesday. After that we will know whether he can play or not.”

The Super Eagles will take on the Palancas Negras of Angola at the Felix Houphouet Boigny Stadium, Abidjan on Friday.

Amid the continued foreign exchange crisis in Nigeria and the freefall of the Naira, President Bola Ahmed Tinubu has moved crude oil sales revenue to the Central Bank of Nigeria from the Nigerian National Petroleum Company Limited in sweeping reforms in the oil and gas sector.

The Governor of the CBN, Olayemi Cardoso, last week, during a keynote address at the launch of the Nigerian Economic Summit Group, NESG, “2024 Macroeconomic Outlook Report,” said that the directive is part of collaborative efforts between the CBN and the Ministry of Finance.

He said: “This coordinated effort will greatly enhance the Bank’s foreign exchange flows and contribute to the accretion of reserves.”

Under the new arrangement, NNPCL will submit receipts for crude oil sales to CBN for vetting and documentation.

Sources familiar with the development said the reform would see receipts of payment for oil sales forwarded by NNPCL to the apex bank to boost transparency and accountability.

Over the years, NNPCL had maintained sole control over crude oil sales, only rendering accounts to the Federal Government.

In 2022, the NNPCL declared zero revenue remittance to the Federal Government.

The company had blamed fuel subsidies for non-remittance.

Recall that the former CBN governor, Lamido Sanusi, said NNPCL is responsible for the persistent forex crisis due to its opaque nature of managing revenue from crude oil sales in the country.

Consequently, the former Emir of Kano called for a company probe.

The development comes as the Naira crashed to N1,348.63 against the US Dollar at the official forex market and quoted at N1,450 at the parallel market on Monday.

The federal government of Nigeria has expressed its readiness to engage in dialogue with the military governments in Mali, Niger Republic and Burkina Faso over the recent decision by the three countries to dump the Economic Community of West African States (ECOWAS).

Naija News recalls the three countries on Sunday, announced their immediate withdrawal from the ECOWAS bloc, a decision that has spread diplomatic shock waves across the region.

Amidst the development, the Nigerian government has expressed sadness but says the country remains open to talks with the three affected countries.

The country says it stands with ECOWAS in its resolve to promote peace, prosperity, and democracy in the West African sub-region.

The position of Nigeria was made known in a statement on Monday by the spokesperson for the Ministry of Foreign Affairs, Francisca Omayuli.

“For half a century, ECOWAS has worked to promote peace, prosperity, and democracy in the region. Nigeria stands with ECOWAS to emphasise due process and shared commitment to protect and strengthen the rights and welfare of all citizens of Member States.

“Nigeria has worked sincerely and in good faith to reach out to all members of the ECOWAS family to resolve the difficulties being faced. It is now clear that those seeking to quit the Community do not share that same good faith.

“Instead, unelected leaders engage in a public posturing to deny their people the sovereign right to make fundamental choices over their freedom of movement, freedom to trade, and freedom to choose their own leaders.

“Nigeria remains open for engagement with Burkina Faso, Mali and Niger so that all the people of the region can continue to enjoy the economic benefits and democratic values that ECOWAS embraces,” the statement read in part.

Posters of the former governor of Kogi State, Yahaya Bello, promoting him as the national chairman of the ruling All Progressives Congress (APC) has flooded Abuja forty-eight hours after leaving office.

The posters of the former governor were seen on major streets in the Federal Capital Territory (FCT), especially around the Federal Secretariat and on walls and fences of structures around the APC national secretariat along Blantyre Street, Wuse 2, Abuja.

The picture of Yahaya was adorned with the inscription “APC Next Level. Alhaji Yahaya Bello as APC National Chairman. Leading the Change, Building a Stronger APC.”

Party sources who spoke to The Nation said the move to unseat the incumbent chairman of the party, Abdullahi Ganduje, was being orchestrated both within and outside the party.

It was also gathered that the latest move was a plot by some elements within the party from the North Central zone to regain the office of the national chairman, which was lost to North West, where Ganduje hails from.

A source in the party who spoke in confidence said: “Bello’s move is an attempt to bring back the chairmanship seat to the region, and it is believed he has the backing of several stakeholders in the North-central.”

Recall that the present national chairman of the APC is Abdullahi Umar Ganduje.

He was elected at the August 3, 2023, National Executive Committee (NEC) to replace Abdullahi Adamu, who resigned from office.

South African club, Chippa United are demanding €2m to sell their Nigerian goalkeeper, Stanley Nwabali, DAILY POST reports.

Nwabali has been one of the standout performers for Nigeria at the ongoing 2023 Africa Cup of Nations in Cote d’Ivoire.

The 27-year-old has kept three clean sheets in four outings for the Super Eagles in the competition.

The shot stopper has also cut the eye with his impressive displays for Chippa United this season.

Belgian Pro League outfit, Union St Gilloise are reportedly leading the chase for Nwabali.

The former Katsina United goal tender is a major doubt for Nigeria’s AFCON 2023 quarter-final clash with Angola on Friday.

He sustained a knee injury in the Super Eagles Round of 16 victory against perennial rivals, Cameroon last Saturday.

Nollywood actor cum politician, Kenneth Okonkwo, has berated the leadership of the Labour Party (LP) for charging N30m as the nomination form fee for aspirants interested in the party’s ticket for the forthcoming Edo State governorship election.

Okonkwo, in a short statement on Tuesday via his X account, said fixing such a high amount is insensitive and ill-advised of the party.

He argued that the Labour Party is meant to be a party for ordinary workers and Nigerians, but fixing such an amount for its nomination fee is simply excessive, objectionable, and unacceptable.

The Labour Party chieftain urged his party to retrace its steps so as not to be seen as towing the lines of failed and corrupt All Progressives Congress (APC) and the Peoples Democratic Party (PDP).

He wrote: “The decision by the Labour Party to fix its Edo State governorship nomination form fee at N30m is simply excessive, objectionable, and unacceptable. This is towing the line of the failed and corrupt APC and PDP. Nomination fee by a party, which is meant to be a party for ordinary workers, and which the ordinary workers can not afford is insensitive and ill-advised.

“The Labour Party should retrace its step now to avoid being classified in the same category with the old Nigeria political parties.”

Recalls that LP had announced that interested aspirants in the party’s ticket for Edo State would pay N30 million for nomination and expression of interest forms. The party also fixed February 22 for the conduct of the primary election.

But aspirants hoping to clinch the Labour Party (LP) ticket for the September 21 Edo State governorship polls have rejected the N30 million charged by the party for expression of interest and nomination forms.

This was made known by one of the aspirants, Dr Egbe Omorodion, who told newsmen in Benin that all the governorship aspirants want a reduced fee and have scheduled a meeting to take a stand on the matter.

According to him, if the Labour Party could reduce the fees for Imo State to N15m, then the same should be done for Edo State.

However, the Labour Party (LP) has told its members in Edo State interested in the upcoming governorship election to withdraw their bid if they cannot afford a nomination and interest form fee of N30 million.

Addressing the press in Abuja, the National Publicity Secretary of the party, Obiora Ifoh, reiterated that the fee Labour Party imposed for the Expression of Interest and Nomination forms in the Edo State governorship election is the most economical among the three major parties in the country.

The Minister of Solid Minerals Development, Dele Alake, has refuted claims that he has the ambition of becoming the next Governor of Ekiti State.

Alake, in a statement on Monday released by his spokesman, Segun Tomori, stated that he has no interest in running for governor now or in the near future.

The former Lagos Commissioner stated that he is very committed to his current national assignment as a minister, adding that he has nothing to do with a fake campaign poster circulating on social media.

According to the minister, the poster in circulation does not have his approval as he does not know the people behind it, urging the public to disregard it.

The statement reads, “The attention of the Honourable Minister of Solid Minerals, Dr. Oladele Alake, has been drawn to a poster that is circulating on social media and across WhatsApp groups where he is positioned as a gubernatorial aspirant in Ekiti State with the inscription ‘Take it Back’,”

“The general public is hereby informed that Dr Alake has no interest in running for the governorship election in Ekiti State, either now or in the future.

“The poster in circulation does not have his approval as he does not know the people behind it. It is fake and should be discarded.

“It is unconscionable that the Honourable Minister who is busy with the onerous task of reforming and revamping the Solid Minerals sector in Nigeria, a responsibility committed to him by President Bola Tinubu will leave that to be plotting for an election in Ekiti State.

“The Honourable Minister is a busy man, working tirelessly on how to make the solid minerals sector a major revenue earner for the country and for the sector to create thousands of high-paying jobs for Nigerians.”

The Lagos State Governor, Babajide Sanwo-Olu, has approved the appointment of Major Olaniyi Olatunbosun Cole (Rtd) as the Corps Marshal of the Lagos State Environmental Sanitation Corps Agency (LAGESC).

Similarly, the Governor confirmed that Adefemi Adedimeji Afolabi has been chosen as the new General Manager of the Lagos State Waste Water Management Office (LASWAMO).

Naija News reports that the development was confirmed in an official statement released on Tuesday morning by the Director of Public Affairs at the Ministry of the Environment and Water Resources, Kunle Adeshina.

According to separate appointment letters signed by the Head of Service, Bode Agoro, Major Cole (Rtd), and Afolabi, appointments were to be effective from January 25th, 2024.

In addition, Sanwo-Olu has also sanctioned the appointment of three new Deputy Corps Marshals for LAGESC/KAI, namely: Osifeso Olusegun Shakiru, responsible for Intelligence and Monitoring; Oyenola Koyejo Quadril, in charge of Discipline and Welfare; and Apena Idowu Yisa, overseeing Administration.

The three newly appointed Deputy Corps Marshals, two of whom were promoted from the LAGESC/ KAI personnel, officially assumed their positions on January 25th, 2024.

The Head of Service urged the new appointees to exhibit utmost commitment, diligence, and selflessness in carrying out their responsibilities in order to validate the Governor’s faith and trust in them.

The biggest problem Nigeria faces at the moment beyond the parlous state of the economy is the general insecurity in the land and it is about time government declared a national emergency on the challenge. Certainly, the phrase “national emergency” must be familiar with most Nigerians: it has been declared once too often by the Nigerian government to acknowledge that a particular aspect of national life is in urgent need of attention but once the spokespersons mouth the phrase, everyone soon moves on. Nothing is done. The problem persists. A classical case in point would be the declaration of an” immediate state of emergency on food insecurity” in July 2023 by the Tinubu administration. We were told that the government was “not unmindful of the rising cost of food and how it affects the citizens.”  At the time Nigeria’s inflation rate was 22.41%. Food inflation stood at 24.82%. The plan was to deploy savings from the fuel subsidy removal into the agricultural sector, and bring “all matters pertaining to food and water availability within the purview of the National Security Council.” 

Months down the line, the emergency has had no effect in the short or medium term. As of December 2023, headline inflation had risen to 28.9%, and food inflation was 33.93%. The situation is now so bad that average Nigerians are groaning under the terror of sharp rises, over a consecutive 20-month period, in the average prices of oil and fat, meat, bread, cereals, potatoes, yam and other tubers, with food prices as high as 44.73% in Kogi state, 41.33% in Kwara and 39.55% in Imo. The so-called savings from fuel subsidy removal is seen majorly in terms of higher allocations to states and the Federal Government, the removal of fuel subsidy itself has fuelled further distortions within the economy to the people’s disadvantage.  People are now eating from dustbins. Nigerians are depressed and angry.

The focus on food insecurity may have stemmed from the folkloric belief that once a people can feed themselves, then their poverty is significantly reduced. The reality is that more Nigerians have slipped into poverty and misery. Government may also have done well to recognize that insecurity is multi-dimensional even if it has not made any difference or showed any signs in that direction. We have also seen that having your kinsman in power and office does not guarantee prosperity on the grounds of proximity. 

But the big elephant in the room, it seems, is the complete dehumanization of the Nigerian person, the increasing worthlessness of lives and properties, the spread of violence and anomie in the land, in the face of an obvious and beguiling failure of the Nigerian state. The legitimacy of the modern state, beyond the controversies about sources and typologies inheres more in the connection between state authority and the people’s interests and how those interests are served through the deployment of state resources and infrastructure.  In Nigeria’s 1999 Constitution, the purpose of government is defined as ensuring the security and welfare of the people. But the Nigerian government is detached. The people are not sure if the government is for them or against them. What they see is the state apparatus at all levels being used to serve the people in power who merely mouth commitment to their primary assignment as convenient slogans. The people do not feel secure, hence the resort to self-help by all manners of persons setting up ethnic militias, state militias, vigilante groups. The government having failed them, and the government showing persistently a lack of capacity to listen and act, Nigeria is a security nightmare. Nobody is safe, not even traditional rulers who used to be sacred persons within the community. Yesterday, in Ekiti state, two traditional rulers – the Onimojo of Imojo-Ekiti and the Elesun of Esun-Ekiti were killed in an ambush by armed men. Before now, there had been regular reports of the abduction of traditional rulers in the South East, the most recent victim was the traditional ruler of Orodo Autonomous Community in Mbaitoli Local Government Area of Imo State. 

The problem is not new, but it has never been this bad in a literal sense. In 2014, the then emergent political Special Purpose Vehicle (SPV), that is the All Progressives Congress ran a campaign against the incumbent Goodluck Jonathan administration partly on the grounds that as a civilian, President Jonathan could not handle the country’s security challenges. The party sold the dummy to the electorate that a leader with a military background was the best bet for Nigeria. They advertised General Muhammadu Buhari, a civil war hero and former military Head of State as the messiah who would drive the bandits, the terrorists, crude oil thieves, insurgents and all kinds of criminals away from the shores of Nigeria. The people bought this false narrative and Buhari became President, with the additional promise that he will strengthen the economy and fight corruption. For eight years we kept hearing that the Buhari government had decimated the ranks of terrorists and bandits. But nothing was decimated. Under Buhari, criminals became bolder. Trains were hijacked and attacked. Crude oil thieves in the Niger Delta had a field day. The economy failed, and that much has been confirmed by members of his own party who are now in charge in Abuja. No amount of deodorant can eliminate the stench of failure in those eight years. 

The APC retained power at the centre after the 2023 general elections, in the person of President Bola Ahmed Tinubu who says he has a “Renewed Hope agenda.” Under him, Nigeria has now even witnessed some of the most shocking security breaches in recent memory. Nobody has come forward to say that this is so because Bola Tinubu is a civilian and not a soldier. Buhari had exploded the myth that a man who had donned the uniform is best suited to fight in an asymmetrical war. Leading troops in a fratricidal civil war is not the same as fighting groups of terrorists, bandits, Jihadists and criminals. It must not be possible to fool Nigerians with such poppycock again. The Buhari administration indeed worsened the situation by sending wrong signals on the security situation. He would on several occasions direct the security forces to deal with terrorists, but at the same time his government actively sought to appease the same terrorists. 

Terrorists were for the most part treated as agitators rather than as criminals. The Americans killed Osama Bin Laden, Al Baghdadi and Al Zawahiri, in Buhari’s Nigeria, the government pursued the task, so vigorously of rehabilitating Nigerian terrorists who had been identified as the fourth deadliest in the world.  They were given money, food, clothing and chieftaincy titles. In 2021, the Buhari administration pardoned over 1, 000 Boko Haram fighters. The same government that talked about “Operation Lafiya Dole”, and “Operation Last Hold” was also the same administration that adopted Operation Safe Corridor for terrorists! This policy incoherence merely emboldened the criminals. It did not help. In 2022, terrorists attacked innocent Nigerians travelling in a train between Abuja and Kaduna. They also attacked airports. The government was helpless, if not complicit.

The Tinubu administration is facing the harvest of that failure. Criminal elements continue to dare his administration with such temerity that it is difficult to believe that Nigeria’s security agencies take the lion share of the country’s annual budget estimates. What exactly do they do with all that money?  On Christmas Eve in 2023, bandits killed close to 200 persons in three local government areas of Bokkos, Mangu and Barkin Ladi in Plateau state. At the mass burial of some of the victims, a commander of Operation Safe Haven told the grieving community that it was the “work of the Devil.” The Devil has since returned to kill more people in Plateau and in other states like Zamfara, turning the Middle Belt and the North Central into the killing fields of Nigeria.  As usual, the President condemned the killings, and gave the security chiefs marching orders to bring the perpetrators to book. Terrorists and kidnappers in Nigeria are so used to these sermons that they merely shrug off statements from Aso Rock and move on to the next target. Kidnappers in particular have put the Nigerian security establishment to shame. They operate at will, collect ransoms openly, and even that does not guarantee safety or the release of the abducted persons. In one shocking example, kidnappers went to a military estate, and made away with people. When policemen and soldiers cannot protect themselves, where does that leave the people? The government keeps feeding the people with the pill of hope and promises. Nigeria has a high rate of unemployment, poverty is rife. Certain elements have found kidnapping to be a more enabling business ecosystem, so much, that there have been cases of persons who organized their own kidnap in order to extort money from family members! Desperate people resort to desperate means to survive.

But perhaps, The Economist magazine in its editorial of January 24 titled “Kidnappers are wreaking havoc in Nigeria, yet President Tinubu’s security plan is worryingly like his predecessor’s” placed its fingers on why the dilemma persists when it wrote as follows: “How much politicians in Nigeria care about national insecurity has long been correlated with how close it gets to their mansions in Abuja, the capital.” Is that leadership? And where does that leave the hapless people who live in places like central Nigeria who are slaughtered in their hundreds, and the security agencies respond only after damage has been done?  

The Economist added: “At his inauguration last May, Mr. Tinubu declared security his “top priority.” Yet more than 3, 600 people were kidnapped in 2023, the most ever, according to ACLED, a global monitor of conflict. The snatching rose sharply after Mr. Tinubu took office. And almost 9,000 Nigerians were killed in conflict last year.” Human beings oh, not animals! And hear this: “the government tends to splurge on fancy weapons systems that fail to tackle the roots of the problem which is poverty, poor education and anger at many atrocities…Another huge problem is graft in security spending…This is worsened by a system known as security votes, whereby parts of defence spending are deemed too sensitive.” 

What the newspaper did not add is that even the language of engagement has not changed. The Defence Headquarters is always boasting that “perpetrators will be exposed” (for where?), when people have been killed, properties razed, the Police is always quick wake up from its slumber to announce a special operation to be led by an Assistant Inspector General of Police, and the President summons a National Security Council meeting and gives directives. The Service Chiefs for the past eight years have told Nigerians that they are working on Nigeria’s security architecture, or National Security Strategy which will deploy kinetic and non-kinetic measures. To tell the truth, when I hear anybody talking about “kinetic and non-kinetic” I simply conclude that some security chiefs are again looking for an opportunity to collect more money and do nothing. It is pure madness to keep doing the same thing and keep getting the same results again and again without any progress. 

Nigeria needs new thinking, new ideas in security management. Hard questions need to be asked, more so as we are now at a turning point, even in the sub-region. The decision to withdraw, “without delay”, from ECOWAS by Mali, Burkina Faso and Niger, this week, is bound to escalate the security crisis within the sub-region, and pose challenges for Nigeria. We share a border of about 1, 668 kilometres with Niger. Our borders are porous. Niger may see no further obligation to help fight terrorists within its own borders to prevent a spill-over. The only thing we can safely assume is that the Tinubu administration may not resort to the old practice of providing accommodation, clothes and food for bandits and terrorists. Or could that be why there has been an unprecedented resurgence of criminality in the country? 

The new ideas that we call for cannot come from the Security Council or Defence Headquarters and the rest of the security establishment. It has been established that intelligence is a problem at the heart of Nigeria’s National Security Strategy. Even when actionable intelligence is made available to our security agencies, they are hardly ever pro-active. Our recommendation is, as a starting point, the convocation of a National Summit on Insecurity in Nigeria to be attended by a broad section of society drawn from among stakeholders at all levels. The theme shall be strictly focused on insecurity and what needs to be done. A counter argument may well be that there is nothing new under the sun, and that even if the best ideas emerge from the summit, how can anyone be sure that the ideas will be implemented, and correctly too? There may be some merit in this. After all, there have been studies and recommendations on the crisis in the Plateau since 1994. But it is either the reports are not implemented or they are not even considered at all. Our leaders don’t care enough. 

Insecurity is making everything else difficult; it discourages foreign and local investments. Farmers cannot go to their farms. It is an act of faith to travel in certain parts of the country. The country is under threat. Anomie is upon the land, and the risk is real, given the manner in which such factors as religion, ethnicity, attachment to land, the fight over resources and indigene/settler conflicts have turned Nigeria into a keg of gunpowder. With the security establishment at its wits’ end, all hands must be on deck to address the challenges urgently. Let the Federal Government declare a national emergency on insecurity. It needs not wait till the day when a sitting Governor is abducted, and kidnappers ask that ransom be paid before such a Governor and his family members are released.  It would also not be enough to argue that some elements are out to sabotage the Tinubu administration. The time to act is now. Tinubu must take the security situation in the country more seriously. The solutions are within, not in Paris or London. 

The Central Bank of Nigeria (CBN) has asked all authorised dealers in the foreign exchange market to desist from reporting inaccurate and misleading information on transactions concluded in the financial market.

In a circular to all the market dealers, the central bank said ongoing investigations have revealed instances of underreporting of transaction rates and the practice of ‘second cheques’ on foreign exchange and fixed-income transactions.

The CBN had permitted financial markets transactions to be conducted on a ‘willing buyer willing seller’ basis, by which prices are expected to be quoted and displayed transparently. Many of the players in the market are reported to be flouting the order, thereby causing distortions in the market.

“The attention of the CBN has been drawn to the practice of Authorised Dealers (and their customers) in reporting inaccurate and misleading information on transactions concluded in the financial market.

“This behaviour is not compliant with the ethical standards associated with a sound financial market, and deliberate attempts to create price distortions by reporting false transaction details amounts to market manipulation which will not be tolerated and will henceforth face sanctions,” acting director, financial markets department at the CBN, Aliyu Ashiru, said in a circular issued to all the market dealers yesterday.

The monetary authorities are employing various means to ensure the unification of the exchange.

CBN governor Olayemi Cardoso believes that the naira is currently undervalued. He promised to ensure that the CBN expedites genuine price discovery in the near term.

He said the approach will contribute to a more balanced and stable exchange rate, adding that his administration will prioritise transparency and create a market environment that enables the fair determination of exchange rates, ensuring stability for businesses and individuals alike.

Ashiru told the market dealers that the CBN remains committed to a transparent and well-functioning financial market and encourages all stakeholders to carry out their legitimate business in compliance with the rules and guidelines as published by the CBN.

[Leadership]