AFOLABI

AFOLABI

What’s heartbreaking about Africa

 


The International Monetary Fund (IMF) has explained why it advised Nigeria to remove fuel subsidies, adding that the subsidy regime was robbing the poor for the rich.

The Director of the African Department of the Fund, Mr. Abebe Selassie, provided insights into the organisation’s position, at the ongoing Spring Meetings of the IMF and World Bank in Washington DC. According to him, the Fund had provided robust content and how the poor could benefit from the policy in the provision of social safety nets.


His words: “Subsidies are about resource allocation internally within Nigeria. So Nigerians, the people of Nigeria pay for these subsidies.

“And what’s the reason why we counsel against such generalised subsidies is very simple. It tends to be highly regressive, meaning the benefits of such you know, fuel subsidies tend to accrue to the rich and segments to reach out to people and the poor people.

“So it’s people that are driving these large cars, with big houses are wanting to see subsidised fuel. They’re the ones benefiting relative to the poor and vulnerable in Nigeria.

“So you know, not only people paying for the subsidies Nigeria, it’s the poorest segments of society that actually are losing out and resources could instead, of course, be used to improve conditions for poorer people instead of accruing to rich people.

“That’s why subsidy reform is important. We applaud the government for the steps government took to reduce the extent of subsidies. I think as oil prices have become volatile, the level of subsidy has also moved up and down. “But I think you know, the direction of travel, I think, to remove the subsidies and use the resources to provide social protection for the most vulnerable households.”

Mr. Selassie revealed that the IMF has provided the sum of $58 billion to African countries since the outbreak of the COVID-19 pandemic and pledged it would do more.
The IMF chief cautioned African countries against commercial loans for the purposes of refinancing because of the current rate hike in most economies.


He advised that instead, countries South of the Sahara that have debt service challenges should look inward for domestic resource mobilization, which would be easier to deal with. The Director criticised the practice of discriminatory tax exemption to some companies and not extended to others.

These special favours to some companies, he observed reduce the effectiveness of governments to optimise tax revenue..

Positive developments in Africa

“Mr. Abebe said that after four challenging years and multiple shocks, Sub-Saharan Africa’s economy appears to be on the mend.

“We expect economic growth to rise to 3.8 per cent in 2024, from 3.4 per cent last year. After peaking at almost 10 per cent in late 2022, inflation has nearly halved to around 6 per cent in the early part of the year thanks to decisive action by central banks.

“This includes slower food price increases, a positive development for a region where the cost of crises has been acute in recent years. In addition, fiscal consolidation efforts are starting to pay off, with the median public debt stabilizing at around 60 per cent of GDP, halting a 10-year upward trend.


“And with global financial conditions easing, a few countries have been able to return to international markets, ending a two-year hiatus. These are encouraging signs.”
The Missing Chief said, however, “ the region is not out of the woods yet. Far too many countries still face a funding squeeze.

What’s heart breaking about Africa- IMF MD

Also, IMF Managing Director, Mr. Kristalina Georgieva, described as “heart-breaking”, the situation in which African countries spend large amounts of their revenue on debt servicing.

Her words, “African countries spend on average, 12 percent of their revenue on on debt servicing. This is more than double from the Las decade. They were at 5 percent a decade ago.

“What is heartbreaking is that in some countries, the debt payments is up to 20 per cent of revenues.

“What does that mean? It means that what could have gone to education, health, for investments in infrastructure and jobs is being sucked away by debt servicing. The ground for public capital to come in.


“We know that part of the reason is that interest rates are quite high. So what does it translate into for authorities in Sub-Sahara Africa?

“First, we see that those who have worked on public finances, to clean clean the ground for private capital to come in are doing better.

“When you have a tax/revenue of 26 per cent like Cote d-Ivoire, you can bear the debt burden. When you 12 per cent to GDP you cannot.”

The MD said that the IMF’ major peg of interaction with member countries in the region was focusing on the mobilisation of domestic resources, improving public spending and mobilising local savings with which to achieve growth prospects.

She added that African countries must keep their eyes on inflation because that problem remains unsolved.

Ms. Georgieva noted that Africa was blessed with huge potential, with huge a youth population that was earger to work and that its leaders should allow Africa’s resources to work for Africans.

Last Sunday, Super Eagles forward Victor Boniface made history with his German Bundesliga club, Bayer Leverkusen, when they defeated Werder Bremen 5 – 0 to be crowned the new champions of Germany. The win meant that Bayer Leverkusen won the Bundesliga for the first time with 5 games to spare.


More significantly, Coach Xabi Alonso’s side became the first German club to go 43 games unbeaten. Alonso’s team also displaced perennial champions, Bayern Munich from their Olympian heights in startling fashion.

In all this, Nigeria international, Victor Boniface has been key to coach Alonso’s plans. Despite the disruptive injury spells that have sometimes put him on the sidelines, the Nigerian forward has scored 18 goals and provided 11 assists in 25 games across all competitions.


Boniface who scored the opener before registering an assist in the same game has been a revelation in his debut season in Germany and has now celebrated Leverkusen’s remarkable triumph by getting himself custom-made Diamond chains.


As part of the celebrations that have followed the historic feat in Germany, the 23-year-old Super Eagles striker recruited the services of prominent jeweller, Buchi Obasi, the man behind Osimhen’s championship ring and chains after he led Napoli to the Scudetto last season. One of the large pendants features an encrusted Diamond inscription that reads “Dreams Are For Real” with a throwback picture of his late mother and his siblings.

The other one was created solely as tribute to his late mother, also featuring an encrusted Diamond inscription that reads “Keep Resting Mama.”

The value of both pieces have been estimated to be in the region of ¦ 10,000,000,

After his mother passed away last year, Boniface previously revealed that he grew up with his grand-parents and sometime last year, flew out his grandma to watch him play in the Bundesliga.

Still in celebratory mood, Boniface took a walk down memory lane, as he shared a photo from his early days playing football. In the post which he made on X, Boniface posted a picture captured from his childhood with the phrase “If you like give up”.

Boniface’s post gives fans a glimpse of his humble beginnings and how far he has come; from playing street soccer in Akure, to becoming a Bundesliga champion in his first year in Germany.


The 23-year-old’s post serves as an inspiration to others to keep pushing and not give up on their dreams.

In a brief interview granted after the title-deciding match, Boniface acknowledged his family and fans in Akure, and also hinted at a celebration saying “we go meet, we go shut down everywhere when I come”.

The Nigerian striker was also awarded with an honorary citizenship by the city of Leverkusen alongside his Bayer Leverkusen teammates, including fellow Nigerian football star Nathan Tella.

Bodø/Glimt

Victor Okoh Boniface who started with Lagos-based football academy, Real Saphphire began his journey to prominence when in 2019 he signed for a remote Norwegian side, Bodø/Glimt.


He suffered a ligament injury only two weeks after signing for Glimt, which was said to have kept him on the sidelines for the duration of the 2019 season. He was selected to the Nigeria U-20 squad to play the 2019 Africa U-20 Cup of Nations, but had to withdraw from the squad due to injury. In September 2019 he nonetheless made his league debut for the club.

Union SG

In 2022, Boniface signed a four-year contract with Belgian side Union Saint-Gilloise. Union reached the quarter-finals of the 2022–23 Europa League. The Nigerian youngster scored six goals in the competition, including a brace against Union Berlin in the round of 16, finishing as the competition’s joint top scorer along with Marcus Rashford.

Bayer Leverkusen

In 2023, Bundesliga club Bayer Leverkusen snapped him up on a 5-year contract that will last until 2028. He made his Bundesliga debut on 19 August, in a 3–2 home victory over RB Leipzig. The following week, he scored his first Bundesliga goals by netting a brace at the Borussia Park in a 3–0 away derby win against Borussia Mönchengladbach.

Hard work, high productivity and discipline attracted national team coach Jose Peseiro to the young Nigerian who was painting German Bundesliga red with goals. Boniface made his debut for the Nigeria senior team on 10 September 2023, coming on in the 64th minute for Taiwo Awoniyi. He provided an assist in that match to Samuel Chukwueze. He was named in the Nigerian squad for the 2023 Africa Cup of Nations in the Ivory Coast. However, he was forced to withdraw from the AFCON-bound national team when he sustained a muscle injury. He was replaced by Terem Moffi.

Style of play

Boniface is known for his distinctive style of play. His playing characteristics include strengths in dribbling, finishing, and headed attempts, while his weaknesses lie in offside awareness, holding onto the ball, and defensive contribution.

He is described as a player who likes to dribble, likes to do layoffs, and likes to play long balls. These attributes contribute to his effectiveness as a forward on the field.

His background, including learning to play football in a military barracks in Nigeria, adds an interesting dimension to his journey as a footballer.


Overall, Victor Boniface’s style of play is characterized by his technical abilities, goal-scoring prowess, and unique playing preferences, making him a player to watch in the world of football.

The Economic and Financial Crimes Commission (EFCC) must choose its fights sensibly. An Ijele doesn’t go about dancing at babies’ birthday parties just to be noticed. The EFCC must leave some jobs for local Police DPOs. So, it can focus on serious financial crimes. This gbegboro attitude inhibits specialisation. More importantly, the EFCC must never forget that it wrestles against principalities and powers against whom it needs the confidence of the masses. Seeking to clean cobwebs while elephants freely defecate in the room is self-deceit.


The EFCC has recently set up a task force to prevent the abuse of the Nigerian currency, the naira. The focus of this task force has been on preventing celebrities and, perhaps, the public from spraying the naira at social events, as the EFCC sees this as a form of irreparable damage to the currency. Although the law is in place to preserve currency notes and save reprinting costs, the EFCC has taken it to be a serious financial crime. If lawmakers had trained their focus on stopping the display of exhibitionism or money worship in order to prevent the spread of lasciviousness and reset societal values rather than mere naira abuse, the people would have been happy. However, enforcing laws against harmless cultural practices portrays law enforcement as bereft of a critical sense of priorities.

In the United States, celebrities spray money on strippers. So, spraying cash on people isn’t such a universal crime as the EFCC’s preoccupation with it suggests. In Igbo land, if a grandma dances, she has to be sprayed cash. Putting the money in her bag or pocket drains the ritual of the ceremony. If that damages the naira, then the quality of the notes needs improvement to meet significant cultural uses. Money is more than a sterile medium of exchange. We used to have pseudo-plastic notes in the past. But this new meddlesome law also forbids the throwing of coins. So, the primary motivation for the prohibition can’t even be mutilation because it’s so non-discriminating. Now, the EFCC wastes its time and scarce resources pursuing young men and women spraying their hard-earned naira on their friends and relatives while indicted criminal suspects occupy ministerial positions at the nation’s capital

 


An institution with limited resources ought to define its priorities soberly. While the EFCC was running around Borisky, Yahaya Bello, who likes to call his narcissistic self White Lion, was still at large. If the EFCC was thinking of the Broken Windows Theory, then it should have focused on the obscene display of wealth, not the spraying of naira, which almost all poor and decent people in Nigeria do anyway. Now, Bobrisky is in prison after pleading guilty as a first offender, but Yahaya Bello can’t be arrested.


He wasn’t arrested a couple of days ago because after the EFCC laid a siege on the house where he refuged, the policemen protecting the man at large shut out the EFCC violently. That wasn’t the peak of the absurdity. While the EFCC agents were languishing in helplessness under the angry sun, a governor stormed the cordoned area with thugs and gained easy entrance into the house. The humiliated EFCC men watched like schoolboys. Such life-sucking impotence. All these happened a stone’s throw from the seat of power. The godson shoved the EFCC aside and whisked away his godfather from the trembling hands of the timid law. Sheer movie stuff. Blockbuster gangsterism.

After the EFCC chickened away in peace, it issued a press release. In that gutless release, it couldn’t dare to be specific let alone name names. In that statement that reeked of abject impotence, it found the verve to warn the public that in future, it would deal decisively with people who employed thugs to disrupt or obstruct its operations. A governor might have immunity, but does his immunity permit him to handcuff EFCC agents or commit criminal offences while law enforcement agents watch?

His immunity doesn’t confer anything on all the aides and security agents who may choose to assist him in committing the crime before newsmen.The next day was court sitting. Yahaya bello was still at large. The EFCC said they could be forced to invite the military to assist them. What more do they want to suffer? However, that statement was a naked indictment of the police and DSS. Granted, both can’t often handle bandits, but should a chicken-hearted white lion hiding in the Government House in Lokoja require military intervention too?


The helpless EFCC has declared the man wanted, begging the public to help track the man. The public is supposed to find the man the EFCC had in its claws and let a baby governor snatch away? The public should find a man being protected by the state. The world is watching. The Attorney General could have struck while it was hot in Abuja. But he dilly-dallied. A firm pronouncement from the Chief Law Officer to the police and DSS would have drained courage from the lawless governor.

When the Attorney General woke up from slumber the next day, he preached that citizens must always submit themselves to law enforcement agents when needed. He called no names. He issued no public orders. Tepidly, he said the world would have no respect for the country if governors started to act like wild animals. Such preposterous lukewarmness. Tomorrow, we will attend an African Union meeting and expect respect. He should remind the president that foreign investors are watching the spectacle of the travesty of the rule of law.

This atrocious precedent took place under the presidency’s nose. Many thought that naked disruption of EFCC operations by other law enforcement agents had ended with Buhari. If it had been some Bobrisky rather than the revered Bobkogi who mobilised thugs to evade that arrest, the security agencies would have remembered they had breached presidential security. Rightly, but belatedly, the policemen attached to Yahaya Bello have been withdrawn, but when will they be prosecuted? After all, we are only a generator republic and not yet a plantain republic.

The EFCC must choose its fights wisely. Some bemused young people are now planning to switch to spraying dollars at social events. That could mean more naira chasing the dollar. Some laws only exist to be part of the general legal architecture. And there are others, that must attract attention and venom. The EFCC’s greatest existential problem is corrupt politicians. However, it appears the agency has an exceptionally elastic capacity to absorb humiliation from powerful politicians.

Often, the public looks away with disinterest not just because the EFCC likes to make up by chasing small fries, but after the EFCC went through the roof to arrest Rochas and charge him, the then Federal Attorney General hijacked the case from the EFCC. That gradual and steady emasculation of the EFCC by big politicians has been quickened by Ododo. He knows he will suffer no consequences. Last year, an ex-governor publicly ridiculed the EFCC chairman who had fingered him for corruption. That ex-governor is now a minister. The EFCC lingers on his filthy files.

How does the EFCC feel when it goes against relatively innocuous offenders while those who have embezzled the state into penury swagger about in the corridors of power and thump their noses at it? Bobrisky went to prison at the speed of light. Bobkogi is still at large. When he is eventually arraigned, he might appear in a lion-skinned attire. His lawyers will secure his bail despite his having shown that he is a flight risk. Then he will return to Kogi to a hero’s welcome, drums beating, and women dancing under the sun, all arranged by his godson, Ododo. Most of the policemen withdrawn from him will return with him to Kogi for the triumphant homecoming. They might even receive awards from the state. We live right in a circus. Aristotle said, “At his best, man is the noblest of all animals; separated from law and justice, he is the worst.”

The EFCC must reassess its priorities to prevent politicians from turn the eagle into a chicken, a scaveger for small things.

At the end of AFCON 2023 in February, Jose Paseiro, the Portuguese Manager that took the Super Eagles to Cote D’Ivoire became history. His contract was not renewed by the Nigeria Football Federation despite getting to the final of the championship and putting up a credible performance through most of the championship. The majority of Nigerian football fans insist that he is not good enough for Nigeria’s ambitions into the future.


Since then, some 6 weeks later, the Nigeria Football Federation, NFF, have been unable to announce a new gaffer for the senior national team. There appears to be a ‘go slow’ at the bottleneck of selecting the right manager for what would be a new national team.


Two friendly matches were played under a temporary arrangement with the Nigerian assistant coach to Paseiro, Finidi George, in charge. The team won the first friendly against Ghana, but lost the second. The loss to Mali may have sealed Finidi’s fate as the new coach. Despite the team’s unpreparedness for the insignificant friendly match, Finidi working alone on the bench without any other member of the technical crew, and several players not available or reluctant to play, those that don’t like the face of a Nigerian as head, have been unrelenting in condemning Finidi’s seemingly poor technical performance in that match.

 


Since then, with 6/7 weeks to the next very important World Cup qualifying match to play, the debates and controversy have dominated the media space over who should lead the team. Should it be another foreigner, or a Nigerian for a change? There have been 200 million opinions. Every Nigerian has become an expert. In the midst of these discordant voices, the NFF must make an announcement soon.


One thing is clear, except amongst some academic hard-line critics of Nigerian coaches, there appears to be little appetite for another half-baked foreign coach in Nigeria. The rackets attached to the hiring of foreign coaches may not find accommodation in a beleaguered government trying to reduce corruption in the system. The NFF does not have the funds, and the federal government will not accommodate the humongous fees of foreign coaches in the present dispensation.

So, it will be a Nigerian as next manager of the Super Eagles.

Why has the NFF not identified the most suitable amongst those that have indicated an interest, or that the body has identified and appointed a new national coach?

There is a lot of politicking ongoing. Nigerian coaches appear not to tick all the boxes of requirements, not eliciting the confidence of several officials of the NFF with vested interest in particular aspirants.

As things stand, however, a decision has to be taken now.

Most fingers point in the direction of a former international player.


He appears to be the preferred choice of most Nigerians in the media, particularly the social media.

I will not be surprised if Emmanuel Amuneke gets the final nod to lead the team. It will become a huge task to dispel the serious reservations about his choice by those familiar with his antecedents when he was in one of the junior teams.

PARIS 2024 Olympics – My Olympics story!

I have just made up my mind to attend the Paris Olympic Games this summer.

It will be my first time at the Olympics and not as an athlete.


In 1976, at the Montreal Olympics in Canada, I attended as an athlete but did not participate. Along with the rest of the world, I tasted the incursion of politics into sport and the first deployment of sports diplomacy in international affairs. the names of all the athletes from 30 countries that were involved in the boycott of the games were not recorded in the International Directory of Olympians at the International Olympic Committee, IOC.

In 1980, without officially qualifying for the Moscow Games, but benefitting from the crisis that followed Russia’s invasion of Afghanistan, leading to the boycott by several Western countries led by the USA, the Green Eagles were invited to the Moscow Olympics. I led the Nigerian national football team and doubled as co-captain (with Ahmeed Adio) of the overall contingent to become a registered member of the exclusive club of Olympians.

I would have attended the 1996 Games in Atlanta, USA, as manager of Chioma Ajunwa and Charity Opara. Unfortunately, when I applied for a visa to the Games from my base in the UK at the time, the interview date given at the American embassy was weeks after the Games would have ended. That’s how I sat at home in London, and missed the opportunity of attending the Olympics as a manager of athletes. My two wards won a Gold and a Silver medal.

At the 2010 Games in London. I was at ‘home’. I watched the Games as a tourist, attending a few events LIVE from the stands, but most from the giant screens at the Nigerian village set up for the huge Nigerian population in the UK.

During the last Olympic Games in Tokyo, I became inventive. I did the seemingly impossible. I became an invisible ‘fly on the wall’ reporting from Nigeria everything about the Nigerian contingent at the games with the deployment of technology and the collaboration of athletes and officials at the games.

Now, Paris 2024 Games are here.

I have a strong feeling Nigeria will come away with several medals. The feeling is strong. There are some obvious athletes in the winning zone already.

Having said that, the spirit of the Olympics is more in participating than in winning. That’s why as many athletes as have achieved the qualifying times and distances should be given the opportunity to experience the Olympics. I hope Nigeria will take all the athletes that attain the qualifying standards to Paris 2024.

Winning’ is not only about coming ‘first’.

From AFCON 2023, Nigeria gave a new and interesting definition to ‘winning’.


The country’s national team, the Super Eagles, for 4 weeks, provided the glue that united the country at a time when the country was going through difficult times in perennial economic, political and social challenges. As the Super Eagles, a team that was not given a chance to win by fanatical Nigerian football fans on the even of the championship, started to play well and to win matches in dramatic fashion, the spirit of nationalism took over the country. Temporarily, for a few weeks, Nigerians set aside their hardship, divisions and differences, and focused attention on the feel-good success of the Eagles on the football field. Even President Bola Tinubu became a part of the championship, following the Super Eagles on television all the way to the final match. With hopes sky-high, the entire country rallied around the team and supported their bid to win the most prestigious sports trophy in Africa, only for the hopes to be dashed at the last hurdle.

Despite the disappointment of that defeat, the country demonstrated uncommon appreciation of what the team had done for the psyche of the citizens during the period, a reminder of positive possibilities beyond AFCON, by spreading out the Red Carpet to welcome back the football heroes, compensating the team that came second with rewards unheard of in sports history. It was a beautiful confirmation of that Olympic truism that to be a ‘winner’ you do not have to come ‘first’.

God willing, I shall be at the Paris 2024 Olympics to report Nigeria’s success, first hand!

Nigerian chess master, Tunde Onakoya has reached a Guinness World Record for the longest chess marathon when he reached the 57-hour mark, surpassing the previous record of 56 hours and 9 minutes.


Onakoya currently aims to reach the 58-hour target.

The previous record of 56 hours, 9 minutes, was held by Norwegian players Hallvard Haug Flatebø and Sjur Ferkingstad in 2018.


According to The Gift of Chess on X who posted at 12:34 am on Saturday, “56 Hours Straight. The Record Is SET TO BREAK.”

Recall Vanguard reported how Multiple award-winning Afrobeat singer, Davido and other Nigerian celebrities had turned up to cheer Onakoya while he attempted to set this record.

Details later …

The CEO of cryptocurrency exchange, Binance, Richard Teng, yesterday said that the company is working very closely with Nigerian authorities following the detention of the company’s Head of Financial Crime Compliance.


A Nigerian court has adjourned until May 2 a case against the executive, Tigran Gambaryan, and another Binance official, who are accused of laundering more than $35 million, Economic and Financial Crimes Commission (EFCC) said on April 8.

“What I can say is we are working very closely with the Nigerian authorities to try to resolve the matter,” CEO Richard Teng said, while speaking about Gambaryan’s case at a crypto conference in Dubai.


The other executive Nadeem Anjarwalla, a British-Kenyan who is a regional manager for Africa, fled Nigeria last month.

Anjarwalla and Gambaryan flew to Nigeria following the country’s decision to ban several cryptocurrency trading websites and were detained on arrival on February 26 by EFCC.

In addition to the case brought by the anti-graft agency, the Federal Inland Revenue Service (FIRS), Nigeria’s tax agency, has charged Binance and the executives with tax evasion, a case that will be mentioned before a court today (Friday).

“This was a one-off. It’s never happened to us before,” Binance’s Head of Regional Markets, Vishal Sacheendran told Reuters on the sidelines of the Dubai conference when asked about the detentions.

Sacheendran declined to comment on the charges against the company.

A money laundering case to the tune of N300m against former Attorney General of the Federation and Minister of Justice, Mohammed Adoke has ended after seven years.

The presiding judge, Justice Inyang Ekwo of a Federal High Court in Abuja dismissed the trial on Friday.

Ekwo upheld Adoke’s “no-case” submission against the money laundering charges against him because the prosecution, the Economic and Financial Crimes Commission (EFCC) failed to establish a prima facie case against him.

In 2017, the EFCC had prosecuted Adoke and a property developer, Abubakar Aliyu, alleging money laundering.

charges before Justice Abubakar Kutigi of the FCT High Court, even though the case did not mention the Oil Prospecting Licence (OPL) 245 transaction.

Although the EFCC admitted before Ekwo that it was a mortgage that Adoke took from Unity Bank, it alleged before Kutigi that the money was a bribe from the sale of the oil block by Malabu Oil & Gas Ltd. in 2011.

However, on March 28, Kutigi identified the paradox, and subsequently dismissed the charges against Adoke and other defendants, chiding the EFCC for wasting the court’s time for four years.

Ekwo further upheld the no-case submission, and consequently discharged and acquitted Adoke.

Kidnapping kingpins arrest: Wike hands over ₦20m bounty to FCT Police Command

 

The Commissioner of Police, FCT, CP Benneth Igweh, has expressed heartfelt gratitude on behalf of the management and personnel of the FCT Police Command for the kind gesture of the minister, FCT, Chief Barr. Nyesom Ezenwo Wike, for fulfilling his promise to the Command.


The minister had directed the FCT Command to hunt down and arrest or neutralize two wanted bandit/kidnapping kingpins who had been terrorizing Abuja particularly the Bwari, Dutse Alhaji and Kubwa axis.

He backed the decisive action/directive by placing a bounty of twenty million naira (₦20million) on two notorious and most wanted kidnappers on February 14, 2024, and has matched his words with action following the arrest of the two wanted kidnappers.


A statement by FCT Command said, “The implementation of such measures reflects the minister’s leadership and responsiveness to the security and safety of residents.

“The Command is therefore highly honored and grateful for his unflinching and continuous support in combating crime and ensuring the well-being of the residents.

“The CP ensured that the fund was distributed amongst the tactical teams and the divisional police officers of the command to ensure better service delivery.

“He also reassures the Minister and the residents of FCT that the command under his leadership will leave no stone unturned in the fight against crime and criminality and will continue to work assiduously to ensure the safety of residents.

“He urges residents to be vigilant and take advantage of the police emergency lines to report suspicious activities through: 08032003913, 08028940883, 08061581938, and 07057337653 PCB:
09022222352, CRU: 08107314192″

The Nigerian Senate has postponed the resumption of plenary from the 23rd of April 2024 to the 30th.

The postponement was contained in a notice issued by the Clerk to Senate, Chinedu Akubueze which was released on Thursday in Abuja.

Part of the notice read: “Distinguished Senators are hereby, respectfully informed that resumption of plenary, which was earlier postponed to Tuesday 23rd April 2024, has further been postponed to *Tuesday 30th April 2024 at 11 am.


“Kindly note that the plenary sitting will be held at the main Chamber of the Senate.

“All inconveniences this postponement may cause Distinguished Senators are highly regretted, please.”

DAILY POST reports that the latest postponement is the second since Lawmakers in the upper and lower legislative Chambers went on Easter and Sallah recess.

 

President Bola Tinubu has said his administration remains undeterred in its pursuit of comprehensive economic security for the country.

He also promised to address foundational challenges and create a fair and equitable system in which all Nigerians can thrive.

Tinubu made the promise when he received leaders of Afenifere, the respected Yoruba Socio-Cultural Organization, at the State House in Abuja, on Wednesday.


President Tinubu said his administration is re-engineering Nigeria’s finances and seeking to boost the purchasing power of citizens and spread prosperity down the line, by instituting a credit system where the element of cash is not an impediment to a significantly enhanced standard of living for all citizens.

The President said Nigeria must secure itself economically first before it can achieve any of its more sophisticated objectives.

He said: ‘’We are committed to the economic survival of our country. To re-engineer the finances of our country, we must start in earnest. So first, retool, revamp the economic opportunities available, and resolve to continue taking the firm and steady baby steps that are necessary.

‘’Education is a strong weapon against poverty. To empower the people, we must invest in the future of our youths. We have seen the problems parents face in training their children in school; it is the reason why we established the National Student Loan Programme, which is taking off well.

‘’We are equally examining what to do with the high degree of unemployment. We must help vulnerable people by providing social security. We are looking at how to provide allowances for the unemployed, and we are developing ways to boost the purchasing power of citizens with the Consumer Credit Scheme. If we remove the cash upfront element to buy a car or a house, we will reduce the propensity for fraud and corruption across the land.”


Speaking on security, the President declared that those who threaten the sovereignty of Nigeria would pay a heavy price.

“I am irrevocably committed to the unity of Nigeria and constitutional democracy. Constitutional democracy has been reflected greatly here since we assumed office.

“What we face now is the challenge of terrorism. Security of life and property is very necessary for development. I can tell you we are achieving success. We have degraded terrorism to a level that they cannot threaten the sovereignty of Nigeria any longer.

‘“Banditry and kidnapping will be defeated. And there is no payment of ransom whatsoever. We are taking the battle to them. We are getting results more rapidly than before.

“We are working hard on intelligence gathering. Those who think they can threaten the sovereignty of Nigeria will have themselves to blame. They have a price to pay. And we are not going to relent,’’ he affirmed.