Bandits have released the remaining three children of Janet Gimba, a customary court judge, who were abducted in Kaduna, after spending 15 days in captivity.

Godwin Ochai, chairman of the Kaduna branch of the Nigerian Bar Association (NBA), confirmed the children’s release on Tuesday.

Family sources also confirmed the development to TheCable via telephone chat.

However, it was not immediately clear if a ransom was paid for their release.


The judge and her sons were reportedly abducted at their residence in the Mahuta area of Kaduna on June 23.

The abductors, numbering up to 15, invaded the home of the judge at night when her husband, a medical doctor, was away on duty.

The bandits were said to have demanded N300 million ransom for their release and threatened to start killing their victims one after the other if payment was delayed.


One of the children, a 14-year-old boy, was, however, killed by the bandits when the N298 million ransom demanded could not be delivered at the stipulated time.

On July 4, the abductors released Janet, holding the three children captive.

She said the bandits had reduced the ransom demand to N150 million upon release.

Last modified on Wednesday, 10 July 2024 07:36

A witness at the Ikeja Special Offences Court has disclosed how former Central Bank of Nigeria (CBN) Governor Godwin Emefiele transferred millions of naira to his wife, Margaret’s accounts.

The witness, an assistant bank manager, Ifeoma Ogbonnaya, on Tuesday, testified that millions were moved in tranches to various companies’ accounts.

Emefiele faces trial for abuse of office and alleged $4.5 billion and N2.8 billion fraud. He is facing trial in three courts in Lagos and Abuja, alongside co-defendant Henry Omoile.

Prosecutor Rotimi Oyedepo (SAN) led Ogbonnaya in evidence. The witness managed accounts that received huge funds from CBN. She confirmed that Margaret Emefiele owned the accounts and approved transactions.

Ogbonnaya listed companies involved, including Amswinh Resources and Solution, Limelight Dimensional Service Limited, Omec Support Service Limited, and Mango Farm.

The witness said: “The accounts are for Mrs Margaret Emefiele, the ex-CBN governor’s wife.

“The companies sent transfer instructions to my email and Margaret Emefiele is the beneficiary and owner of the money.”

She said Emefiele’s wife sent transfer instructions via email, phone calls, and WhatsApp.

The court admitted transaction details as evidence. The trial is expected to continue today.

In a separate case, the High Court of the Federal Capital Territory (FCT) adjourned ruling on Emefiele’s application to travel abroad for medical treatment. The Economic and Financial Crimes Commission (EFCC) opposed the application, fearing Emefiele might flee if his International Passport is released.

Last modified on Wednesday, 10 July 2024 07:52

The Nigerian National Petroleum Company Limited, NNPCL, is planning to secure a fresh $2 billion oil-backed prepayment loan amid fuel scarcity in the country.

This is according to a report by Reuters on Tuesday, suggesting that NNPCL plans to achieve the deal in two months.

The Group Chief Executive Officer, Mele Kyari said the new financing would allow investment in its business. 

“We have no problem covering our gasoline payments. This is just money for normal business and not a desperate act,” Kyari told Reuters.

Kyari said the company wanted the new loan against 30,000-35,000 barrels per day of crude production, though he declined to say how much money it sought.

“It will be a syndication with critical but regular partners who have been in business with our company to forward the cash,” Kyari said on Tuesday, adding that he expected to conclude the deal in the next two months.

This comes as a report emerged that NNPCL’s debts to petrol suppliers had doubled in the last four months to hit $6 billion.

However, the spokesperson of NNPC, Olufemi Soneye dismissed the claim.

Recall that on August 16, 2023, NNPCL secured a $3.3 billion emergency crude repayment loan — a transaction aimed at supporting the naira and stabilizing the foreign exchange (FX) market.

Arranged by the African Export-Import Bank (Afreximbank), the $3.3 billion crude-for-cash loan was also targeted at supporting the federal government’s monetary and fiscal reforms.

Further analysis showed that the existing $3.3 billion and the new $2 billion would amount to a $5.3 crude-for-cash loan.

The development comes amid concerns by Dangote Refinery over its inability to get Nigerian crude from International Oil Companies.

This is also as Nigerians have continued to groan as fuel scarcity which started last week in Abuja, Nasarawa, Lagos has spread across Kano, Kaduna, Katsina and other states.

 

Professor of Political Economics, Patrick Utomi, has said the new policy on 150 days import duty-free window for rice, maize, wheat and other cereals by President Bola Tinubu is wrong.

Pat Utomi said the new policy announced by the Minister of Agriculture and Food Security, Abubakar Kyari, on Monday, was an invitation to famine.

 

On Tuesday, Utomi said the federal government was repeating mistakes made by previous governments that led many farmers to leave farming for oil-related jobs and construction as crude oil prices rose in the international market.

Do we forget so quickly? How poor trade policy with the ascendance of oil income caused cash crop farmers to abandon the farms to the non-tradable goods sector as messengers and construction workers and when Oil price volatility resulted in construction firms not being paid on time triggering their retrenchment.

“They did not go back to farms and we became a mono-product economy. Now we want to make dependence on food imports permanent when we have not the money to pay for the imports. We are inviting a famine,” Utomi said.

Professor Utomi said had the federal government addressed insecurity and banditry, food inflation would have been brought down as farmers would have access to their farms.

He further accused the federal government of preferring luxury projects to factors that caused food inflation.

The Economist said the 150 days import duty-free window for rice, maize, wheat and other cereals would cause structural damage in the future.

Months ago I pleaded that this food price inflation should be combated with forest rangers being deployed to fertile territories and farmers given input incentives managed by NGOs and not corrupt government officials so that they can focus on legumes that can be harvested in three months and the markets flooded with food.

“Instead, we focused on Presidential Jets, Lagos-Calabar Highway, SUVs for National Assembly and Presidential motorcades of 100 vehicles. The height of unwisdom. Now the chicken has come home to roost and we want to inflict long-term structural damage in panic incentives,” Utomi added.

Recall the Nigerian Association of Chambers of Commerce, Industry, Mines, and Agriculture (NACCIMA), called for measures by the federal government to protect farmers and local investors who may be affected by the import duty-free window.

On Monday, NACCIMA National President, Dele Oye, commended President Tinubu but called for monitoring of the policy’s implementation.

Oye said importers and foreign companies may turn Nigeria into a dumping ground for substandard cereals with the policy in the next 150 days.

The budget office of the federation says the government spent N5.78 trillion on debt servicing in the first nine months of 2023.

In its 2023 third quarter (Q3) budget implementation report released on Monday, the office said the figure is higher than the prorated projection of N4.91 trillion in the 2023 budget.

This represents an increase of N869.38 billion (17.68 percent).

The budget office said interest on ways and means during the period amounted to N1.69 trillion.

“The sum of N2,901.60 billion was used for domestic debt servicing, a difference of 430.27 billion (17.41 percent) from the prorated projection for the period, while N1,189.32 billion was spent on external debt servicing during the period under review,” the office said.

“A total of N1,225.73 trillion was released and cash-backed to MDAs for their 2023 capital projects and programmes during the period.

“Available fiscal data revealed that only N962.84 billion (78.56 percent) of the total amount released and cash-backed was utilized by MDAs as at 30 September, 2023.”

The budget office said the revenue and expenditure outturn of the government resulted in a fiscal deficit of N4.4 trillion between Q1 and Q3 last year.

According to the office, this is N4.29 trillion (49.32 percent) below the projected N8.7 trillion deficit for the reviewed period last year.

“It was however below the N5,991.12 billion deficit that was recorded in corresponding period of 2022,” the office said.

“The deficit was financed through domestic borrowing of N3,430.0 billion thereby reflecting a negative net financing of N979.49 billion in the period under review.”

The budget office said the nation’s economy grew by 2.54 percent in Q3 2023, a sign that the Nigerian economy has continued to recover from the second recession in six years.

The agency attributed the positive growth performance in the quarter under review to the effect of some measures put in place to curtail the negative impact of external shocks and crude oil theft.

Other measures include the recent rise in global economic activities, the associated rise in international crude oil demand and price, as well as various incentive packages executed by the government.

The budget office added that the positive trend is expected to continue in the last quarter of 2023 and beyond.

The house of representatives has asked the federal government to suspend implementation of the Samoa Agreement.

The house has also resolved to investigate the agreement signed by the federal government on June 28.

The green chamber passed the resolution following the adoption of a motion of urgent public importance sponsored by Sani Madaki, the minority whip, and 87 other lawmakers.

The agreement recently sparked controversy following reports that some lesbian, gay, bisexual, and transgender (LGBT) provisions found their way into the pact.

WHAT IS SAMOA AGREEMENT?

According to the European Council, the Samoa Agreement is the overarching framework for European Union (EU) relations with African, Caribbean, and Pacific countries.

The agreement serves as a new legal framework for EU relations with 79 countries, including African, Caribbean, and Pacific countries.

 

The agreement covers six priority areas, which are democracy and human rights; sustainable economic growth and development; climate change; human and social development; peace and security; and migration and mobility.

The agreement was officially signed on November 15, 2023, by the EU and its member states and Organisation of African, Caribbean, and Pacific States (OACPS) members in Samoa, a country in Oceania.

Nigeria did not sign the agreement initially, as the federal government said it was still studying the pact.

The new agreement replaces the Cotonou Agreement, which was signed in 2000.

 

The signing of the agreement has been dogged with claims that it seeks to compel developing nations to support LGBTQ agitations.

The claims have been established to be false.

Mohammed Idris, the minister of information and national orientation, clarified that the federal government ensured that the agreement did not contravene the 1999 Constitution (as amended) and other extant laws.

The government has also explained that the agreement is strictly for the economic development of the country — as against claims that it contains provisions for same-sex marriage.

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THE DEBATE

Moving the motion, Madaki said the agreement violates the nation’s law on LGTBQ and same-sex marriage.

 

Supporting the motion, Ghali Tijani from Kano, said the house should reject the Samoa Agreement in its “entirety”.

Bello Kumo, majority whip, said the federal government should rescind the signing of the agreement and tender an apology to Nigerians.

 

Kingsley Chinda, minority leader who is a co-sponsor of the motion, said the movers of the motion were not approving or condemning the agreement.

He asked his colleagues not to be “judgmental”, adding that the motion was calling for an investigation.

 

The lawmaker said the federal government should have carried lawmakers along before signing the agreement.

“The problem is lack of information. We were not carried along,” he said.

Julius Ihonvbere, majority leader, told his colleagues that “there is no portion in the agreement that supports LGBTQ”.

As Ihonvbere spoke, his colleagues interrupted, shouting “no” in unison.

NIGERIA’S ANTI SAME-SEX LAW

Nigeria’s Same-Sex Marriage Prohibition Act (SSMPA) passed in 2014 prohibits LGBT rights and criminalises marriage between people of the same sex.

Nigeria’s legal position on same-sex marriage was what fuelled the uproar that followed its signing of the Samoa Agreement.

The Senate has urged President Bola Tinubu to urgently address the food insecurity across the nation.

This prayer followed a motion moved by Sunday Karimi (APC, Kogi West) and co-sponsored by Ali Ndume ( APC, Borno South) at the Tuesday plenary.

The motion titled, “Urgent Need to Address Food Insecurity and Market Exploitation of Consumables In Nigeria,” noted that in the last few months, the price of goods and household consumables have been on an abysmal rise in the country, leading to a high rate of inflation, weakened buying power, and general worsening of living conditions of the vast majority of Nigerians.

Karimi further noted that the latest data by the National Bureau of Statistics shows that “food inflation in the country skyrocketed to 40.66 per cent on a year-on-year basis, a significant increase from the 24.82 per cent recorded in May 2023.

 

“The current market price of food items such as beans, maize, rice paddy, yam, tomatoes, and onions which initially rose by about 40% after the removal of petroleum Subsidy has now increased to over 100% to 300% without any attributable reason for the increase in prices.”

He added, “Although insecurity in food-producing regions, bad roads, increase in the cost of transportation attributable to the removal of fuel subsidy and depreciation of the value of naira, are possible factors that have contributed to the increase in price of food items, household commodities, and consumables; the percentage of increase in cost of transportation and some under factors listed above, is significantly less than the percentage increase in the current prices of goods all ever the country.”

Karimi lamented that “there is a general attitude of ‘Get Rich Quickly’ or ‘Get Rich By All Means’ leading many Nigerians to jettison “being their brother’s keeper” and exploiting one another to make abnormal profits: This attitude has been justified on the basis that many political Class Technocrats, and Corporate Elites and Corporate Elites have helped themselves with Public Funds without any repercussions in law, Nigerian traders have thus resorted to Price Gouging to maximize profits.”

 

Karimi further stated that there are reports that farming communities in the border regions with other vountries, “prefer to sell their food items abroad (to these neighboring countries), rather than domestically(to the hinterland), thereby increasing local food insecurity.

“All efforts made by the current Federal Executive to arrest the consistent increase in food inflation have not yielded the desired results, there is a need to be more pragmatic about addressing food insecurity, curbing herder farmer crises, kidnapping for ransom, and Terrorism, and ensure the development of a viable National Commodity Board to regulate the price of grains and ensure the elimination of artificial contributions to food and commodity inflation in Nigeria.”

In his contribution, Ndume lamented that this was the first time Nigeria was listed as one of the countries battling food insecurity.

He said, “In their many publications, they say Nigeria is likely to experience the highest session of food insecurity globally.

“Currently, there are four countries including Sudan and some others that are facing very serious insecurity. Nigeria is added to this list this year by the International Rescue Committee as one of the spots for food insecurity action against hunger. World Food Program also indicated that over 32 million people are expected to face a critical hunger crisis and emerging levels between June and August.

“I don’t know about some other colleagues, but there in the North, we have started seeing it visibly. This is the first time we are experiencing this level of hunger. It’s the first time Nigeria is being listed as one of the countries with food insecurity.”

In his comment, the Senate President, GodsWill Akpabio, noted that the food insecurity followed the insecurity that had ravaged the country.

 

The Senate, thereafter, urged the Federal Government to address the food crises across the country.

PRESIDENT Bola Tinubu on Tuesday announced the creation of the Federal Ministry of Livestock Development.

 

The President announced while inaugurating the Renewed Hope Livestock Reform Implementation Committee, at the Presidential Villa, Abuja.

 

But President Tinubu did not mention the name of the Minister for the new ministry as it is expected that he has to forward the name to the Senate for screening and confirmation if it’s a new nominee.

Present at the Inauguration were the Vice President, Kashim Shettima, the Secretary to the Government of the Federation, SGF, Senator George Akume, the Chief of Staff to the President, Femi Gbajabiamila amongst cabinet members.

Recall that President Tinubu on 15th September 2023, approved the establishment of the Presidential Committee dedicated to the reform of the livestock industry and the provision of long-term solutions to recurring clashes between herders and farmers in the country.

The setting up of the committee was a sequel to the submission of a report from the National Conference on Livestock Reforms and Mitigation of Associated Conflicts in Nigeria.

The Foreign Minister of Mali, Abdoulaye Diop, has reaffirmed his nation’s decision to permanently withdraw from the Economic Community of West African States (ECOWAS).

Naija News reports that leaders from Niger, Mali, and Burkina Faso have decided to depart from ECOWAS earlier this year, establishing their own confederation on Saturday.

 

A day after the leaders of ECOWAS gathered in Abuja, they selected the presidents of Senegal and Togo to facilitate discussions with the three countries in the Sahel region.

However, amid attempts at reconciliation by the organization, Diop expressed opposition to the idea of requiring visas for citizens of the three nations to travel within ECOWAS.

It is worth noting that the decision of the three nations to leave ECOWAS was partly motivated by their belief that France was interfering with ECOWAS’ operations and not offering sufficient assistance in the fight against jihadist groups.

Diop, however, mentioned Mali’s willingness to continue working with ECOWAS during a late Monday interview on the state-run ORTM.

“Our heads of state were very clear in Niamey when they said the withdrawal of the three countries from ECOWAS is irrevocable and was done without delay, and from now on we must stop looking in the rear-view mirror”, Diop said on Monday.

He added that Mali remains “open to working with our neighbours and other organisations with which we share this space.

“We will have to maintain discussions with others in order to move forward, but I believe that the path we have embarked upon is not reversible.”

Diop stressed that the creation of a confederation was only one stage of the process, adding that “the vision is to work towards a federation of the three states”.

ECOWAS has indicated that the three nations are required to adhere to a one-year deadline for their departure, yet the juntas assert that their exit is imminent and will occur without any postponements.

This move has sparked worries about the impact on the region’s ability to freely trade and travel.

“If visas are re-introduced, we will be proven right in the sense that some ECOWAS officials have not abandoned the old methods of frightening and blackmailing people”, said Diop.

“In an integration process, there are gains and losses for everyone, but we must work to minimise the impact on our populations”, he added.

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) and the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) have called on President Bola Tinubu to launch a high-level investigation into allegations that International Oil Companies (IOCs) are attempting to undermine and destabilize the Dangote Refinery and Petrochemicals.

In a letter dated July 1, 2024, addressed to the President via his Chief of Staff, Femi Gbajabiamila, the unions demanded that the findings of such an investigation be made public to ensure transparency and maintain public trust.

Signed by NUPENG General Secretary, Afolabi Olawale and PENGASSAN General Secretary, Lumumba Okugbawa, the letter stated, “The leadership and members of our unions deeply appreciate your commitment to restoring economic growth and prosperity in our nation. We are fully mobilized and committed to supporting all your initiatives toward these goals.

“However, we are deeply concerned and shocked by allegations from the Dangote Refinery and Petrochemicals Company about a deliberate plot by some IOCs to frustrate their business efforts and continued existence.

“These alleged sabotaging actions include denying the refinery crude oil supply and artificially inflating crude oil market prices, forcing Dangote Refinery to source crude oil from other countries, including the United States, resulting in high operating costs and logistics.

“The Dangote Refinery is a critical national asset and a beacon of hope for our energy security, economic growth, and employment opportunities. The economic benefits of a local refinery with such capacity cannot be overstated.

“For decades, NUPENG and PENGASSAN have campaigned for Nigeria to require companies benefiting from Joint Venture (JVC) arrangements to establish refineries or petrochemical companies in Nigeria. Unfortunately, successive governments have lacked the political and patriotic courage to adopt this pragmatic policy.

“The survival of companies that have invested heavily in refining crude oil in Nigeria, thus saving the nation from wasteful product imports that profit other countries and cost us foreign exchange, should be of great national interest due to the enormous economic benefits involved.”

The unions outlined their demands as follows:

1. Immediate Investigation: The Federal Government should establish an independent panel to investigate the claims of sabotage by some IOCs. This investigation should be comprehensive and transparent, ensuring that all parties involved are held accountable.

2. Public Disclosure: The findings of this investigation must be made public to ensure transparency and maintain public trust. Nigerians deserve to know the truth about the actions of these IOCs and their impact on national interests.

3. Legal Action: Should the allegations be substantiated, the government should take decisive legal action against the entities involved, including sanctions, penalties, and other measures to deter future economic sabotage.

4. Support for Dangote Refinery: The government should provide all necessary support to ensure the uninterrupted commencement and operation of the Dangote Refinery, including security and stability around its operations.

“Your Excellency, we trust in your courage and unwavering commitment to the Nigerian project and believe that the Presidency will take decisive action to safeguard the Dangote Refinery and ensure its successful operation for the nation’s benefit. Protecting our national assets is our collective responsibility. Thank you for your attention to this matter,” the letter concluded.