Armed robbers invaded the palace of the Emir of Minna, Alhaji Umar Farouk Bahago, on Tuesday evening, shooting two guards.

Daily Trust gathered that one of the staff of the palace who was sent to the bank to get some cash was trailed by the gunmen who drove in a private car.

Our correspondent gathered that the Emir was in the palace while gunmen shot sporadically to scare people away before they made away with undisclosed amount of cash belonging to the Minna Emirate.

Two of the injured palace guards were reportedly taken to Minna General Hospital for medical attention.

An eye witness who did not want his name mentioned told Daily Trust that the criminals overpowered the vigilantes in the palace after a gun duel.

Contacted, the Niger State Police Command’s Public Relations Officer, DSP Wasiu Abiodun, promised to get back to our reporter, but he had not done so at the time of filing this report.

The Joint Admissions and Matriculation Board (JAMB) has concluded its investigations into the alleged manipulation of the Unified Tertiary Matriculation Examination (UTME) result by a candidate, Mmesoma Ejikeme.

This was made known on Tuesday by the Registrar of the board, Professor Ishaq Oloyede who said findings revealed what happened as a high-level scam and a careless forgery.

According to the JAMB Registrar, other candidates apart from Ejikeme were also involved in the malpractice but they chose not to go public.

Oloyede revealed that there is a syndicate behind the manipulation of results which is trying to penetrate JAMB but the board’s system is foolproofed against such attempts.

“The truth is that JAMB has concluded the investigation on Nmesoma’s score falsification matter. She was not the only one caught, just that others have chosen not to go out”, Oloyede said.

“Presently, there is an industry faking results and unfortunately they cannot penetrate JAMB system, reasons being that (our) system is foolproofed and we will prove it any time. It is unfortunate that parents and some of the candidates that are being fooled are not aware that they are only being fooled, Oloyede told Punch.

On the specific allegations against Ejimeke, the JAMB Registrar said the Anambra State student collaborated with some people to falsify her UTME result.

He said” “There is internal evidence to show that the change in Ejikeme’s scores was done with her collaboration. There are certain features pertaining to her that only her knows unless she makes it available to somebody else. They couldn’t have increased her scores on her behalf.”

Our Facilities Have Improved

Prof. Oloyede added that he had earlier spoken with a former Minister of Education, Oby Ezekwesili, on Nmesoma’s matter, and told her that the student and her collaborators are living in the past as they have improved their facilities.

“We improved on our facilities this year, so Ejikeme and her collaborators are still living in the past. I spoke with Mrs Ezekwesili on the matter and I told her that it is a high-level scam and I told her that it was a careless forgery.

“This is because we are no longer using some of the things they used in changing those results since 2021. We used that pattern in 2021 and you saw what happened and many of such individuals were caught as well and they were treated accordingly,” he stated.

The Presidential Election Petition Court has admitted as exhibits President Bola Tinubu’s documents of attendance at the Chicago State University.

The court presided by Justice Haruna Tsammani also admitted documents the admission letter from the institution as he opened his defence against the petition filed by the People’s Democratic Party (PDP) and its presidential candidate, Atiku Abubakar.

Tinubu also tendered through his lead counsel, Wole Olanipekun (SAN), his USA visa and Nigerian Immigration Service documents facilitating his several visits to the country between 2011 and 2021.

Tinubu also tendered as exhibits a USA embassy letter dated April 4, 2003 which responded to an inquiry over his criminal status in the USA and informed that he had no criminal records.

The documents were admitted inspite of rigorous objections against their respective admisibility by counsel to the PDP and Atiku.

However, the Independent National Electoral Commission (INEC) and the All Progressives Congress (APC) did not object to admission of all the documents.

Apart from the educational documents, the court further admitted an originating summons of a suit instituted at the Supreme Court by the Attorneys General of Adamawa, Akwa Ibom, Bayelsa, Delta, Edo and Sokoto States challenging the educational background of Tinubu to stand for the 2023 presidential election.

He also tendered newspaper publications on several suits filed against Tinubu by several groups.

Meanwhile, further hearing in the petition has been shifted to July 5.

It was John Maynard Keynes, the British economist who, in his 1923 publication, ‘A Tract on Monetary Reform’, famously said: “But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task, if in the tempestuous seasons they can only tell us, that when the storm is long past, the ocean is flat again.”

While the length of what constitutes the ‘long run’ will remain contentious, to say that the impact of an economic policy will be beneficial “in the long run”, presupposes that enduring current hardship is a necessary condition for the promised prosperity to occur. It also assumes that the sustenance of those policies and maintaining every other factor in the equation constant until the ‘long run’ is reached are necessary conditions for the supposed benefits of those policies to crystallize. Economists call this ‘ceteris paribus’ (all things being equal). The problem here is not just that all things are rarely equal but also that many people may not survive what is supposed to be the short term adverse impacts of those policies.

President Tinubu’s declaration on the day of his inauguration that “subsidy is gone” has been widely held as a bold initiative by many analysts. However, it remains debatable whether the manner in which the fuel subsidy was removed was the best for the economy. Again, owing largely to a belief that the fuel subsidy regime was mired in unbridled corruption, there seems to be an uncritical consensus that fuel subsidy must go in its entirety. The three leading Presidential candidates in the 25 February 2023 presidential election –  Tinubu, Atiku and Obi –  promised to remove the subsidy.

Several arguments have been advanced on why the fuel subsidy must go:

One, is that fuel subsidy benefits primarily (if not exclusively) the rich who, we are told, maintain a retinue of SUVs and other fuel-guzzling vehicles. The truth is that in our generator dependent economy, those likely to be most adversely affected by the removal of fuel subsidies are not the very poor but business owners (who run their businesses mostly on generators and create most of the jobs in the economy) as well as the employed members of the Middle Class (who are the most productive segment of the society and who necessarily need to commute to their places of work and maintain their Middle class life style in the face of galloping inflation). Also to be severely affected are those in the informal sectors of the economy either as petty business people or as artisans. It can be argued that in Nigeria the very poor are mostly subsistent farmers who live in the rural areas. While they will also certainly be impacted negatively by the removal of subsidy on Premium Motor Spirits, it can be argued that since they do not rely substantially on public transportation to go to their farms or on purchases from the markets for their social reproduction, the impact of removing subsidies on them may not be as harsh as it is on other segments of the population.

Two, following the wrong assumption that those defined as the poor would be the most adversely affected by the impact of removing fuel subsidy is an equally misleading belief that the impact of removal of fuel subsidy can be ameliorated through targeted cash transfers of $800m loan from the World Bank to the very poor. We are told that under the proposed cash transfer scheme, the ‘poorest households’ will each receive the sum of N5000 per month over six months. Experiences from the Buhari government’s cash transfer schemes (including its ‘Trader moni’) however show that such alleged cash transfers were largely a scam. Apart from the fact that it is often an opportunity for the administrators of such schemes to populate the lists with ghost people or favoured names from politicians, even if the very poor are well targeted and located, there is the question of what difference a paltry sum of N5000 per month can make to a household’s standard of living, given the galloping inflation. Besides, there is the related question of what happens to those households after the six-months the targeted transfers are supposed to last. Would such households be automatically lifted from poverty or will the sudden withdrawal of the monthly N5000 stipend (which they will have become used to) actually worsen their standard of living beyond what it was before the start of the cash transfer? I believe the proposed $800m World Bank loan to be used for such targeted cash transfer would be more impactful if they are geared at producing at least 1000 viable small businesses in each of the 36 states of the federation as well as in supporting existing businesses and providing public transportation systems across the country. The country needs to evolve a sustainable welfare programme for the poor and the aged instead of using them as pawns to make us feel good and empathetic.

Three, it is unfortunate that an uncritical consensus seems to have been built around the very fallacious notion that subsidies are bad and distorts everything in the economy. The truth is that virtually all successful economies in the world today, even the most capitalistic and free market-oriented, employ various forms of subsidies to support segments of their society. For instance, figures from Hinrich Foundation, an Asia-based philanthropic organization that works to advance sustainable global trade, show that 54 OECD countries and 12 emerging economies provide over US$700 billion each year in some form of support to their agricultural sector alone.  In 2020, for example the USA federal government made $45.7 billion direct payments to farmers—a record-high amount due to pandemic assistance.  During the same pandemic, other subsidies (or palliatives) were provided to both citizens and businesses. In the United Kingdom, grants statistics showed that around £258bn was spent on subsidies in 2020/21, representing about 23 percent of all spending. In 2021/22, the country provided the sum of £1.65bn as direct subsidies to farmers in line with the figures set out in the country’s Agricultural Transition Plan. In China, estimates by South China Morning Post showed that more than 3,000 listed Chinese companies received the government’s industrial subsidies in 2020 which had a combined value of 22.6 billion yuan (US$3.5 billion). The government needs to maintain a level of sustainable subsidy on both fuel and fertilizer because their benefits will cascade throughout the country’s entire value chain.

Four, as the Tinubu government is hailed by the World Bank and several analysts for its supposed bold economic reforms, we should be careful that we are not being railroaded to our past of the IMF/World Bank-supported structural adjustment policies of the 1980s and 1990s which completely emasculated the country’s middle class and destroyed businesses. We must ask ourselves critical questions as we march forward to that inglorious past: How many African countries actually prospered from the ubiquitous structural adjustment policies of the 1980s and 1990s which were hailed by the two Bretton Woods institutions as the magic elixir that would solve all of the continent’s development challenges? The prescriptions of the two Bretton Woods’ then as of now remain unchanged – remove subsidies, liberalize trade, devalue (or float your currency) and generally roll back the state so that market forces will be the ultimate determinant of how values are allocated. Remarkably after these policies failed, the same institutions shifted support to other mantras – ‘bringing back the state’ (read: ‘good governance’), then to ‘build strong institutions, not strong men’ and promoting ‘democracy’ and other mantras. Typically, when these policies fail – as they often do – the same institutions will blame it either on non-sustainability of its recommended policies or at best start promoting a new mantra.

Adibe is Professor of Political Science and International Relations at Nasarawa State University, Keffi and Extraordinary Professor of Government Studies at North Western University, Mafikeng South Africa. He is also the founder of Adonis & Abbey Publishers and can be reached at 0705 807 8841(Text or WhatsApp only).

I had written and “kept this article in view” to adopt a well-known phrase in the nation’s bureaucracy. This was until I read the respected scholar, theorist, polemicist and journalist, Chidi Amuta’s piece: ‘Tinubu should avoid Wike’s and Buhari-era parade of rank incompetence’ recently published in USAfrica. Amuta’s typically well-worded, pungent and enlightening piece, convinced me to dust up my essay and align myself with his thoughts.

I’ve been Amuta’s admirer for the better part of the past four decades. This was before I was fortuitously joined with him in the Yemi Ogunbiyi dispensation in the good old Daily Times. He was up there chairing the editorial board of the organisation while younger elements like us honed our craft as interrogators and writers in different beats and departments.

Nigerians and the world at large continue to anticipate, with bated breaths, judicial pronouncements on the multivalent controversies devolving from the recent general elections. The polls have been broadly adjudged as having been heavily soiled in the oil and grease of sleaze and phenomenal compromise.

Aggrieved parties are variously seeking adjudication by the courts in the land. Bola Ahmed Tinubu who was inaugurated as the fifth president of the Fourth Republic on Monday, May 29, 2023, has since set out to work. He has made some appointments and commissioned inquests into the endeavours of a number of public officers he inherited from the predecessor government.

Godwin Emefiele, former governor of the Central Bank of Nigeria, (CBN), had become a virtual “traditional ruler” in his position. He was appointed in the twilight of the Goodluck Jonathan presidency and was retained all through the tepid eight-year Muhammadu Buhari era. On his part, the youthful Abdulrasheed Bawa, former chairman of the Economic and Financial Crimes Commission (EFCC), is vacationing in the executive suites of the Department of State Services (DSS). More contemporaneously, Tinubu has sacked the boards of several public institutions, many of which were the automated teller machines (ATMs) of some erstwhile godfather public officers.

In exercise of the approval of the national assembly enabling him to appoint 20 special advisers, Tinubu has named occupants of some of the advisory portfolios. One could almost close his eyes and list some of them who have been Tinubu’s henchmen for decades now. Dele Alake and Wale Edun were bound to be insiders in a Tinubu superstructure, any day. A secretary to the government of the federation, (SGF), the very experienced George Akume, a retired bureaucrat and former governor of Benue state; a chief of staff (COS), Femi Gbajabiamila, a long-serving federal parliamentarian, and a national security adviser, (NSA), Nuhu Ribadu have also been named. New heads of the nation’s defence and security forces have been appointed, among others, following a holistic sweep of those inherited from the preceding government.

Since Tinubu was pronounced “President in-waiting,” immediate past governor of Rivers state, Nyesom Ezenwo Wike, has raised executive genuflection and unabashed mendicancy to Olympian levels. You should have witnessed his unashamed kowtowing and grovelling before Tinubu when he, Wike, dragged the new helmsman to Port Harcourt, capital of Rivers state, even before the new president was inaugurated to commission a project executed by his erstwhile government. His jokes on that occasion were off-key, his laughter thoroughly mistimed. There was no concealment of his covetousness for accommodation in the evolving governance scheme. This is a man who spent all the initial 24 years of the Fourth Republic, hopping from one political office to another. This was climaxed with an eight-year stint as chief executive of perhaps Nigeria’s second-richest state.

At the height of his “power and glory,” buoyed by two government-owned jets at his beck and call, Wike reportedly boasted to many of his audiences that on no account does he pass the night in Abuja. In the aftermath of Tinubu’s inauguration, however, Wike has relocated wholly to the nation’s capital, sleeping and waking up in Abuja every day. He has reportedly been hopping from the State House to the federal parliament, and gatecrashing into the hotel rooms and homes of associates of the new president. He has become a very regular caller in Aso Villa, a veritable janitor actually. Who says a novel janitorial schedule cannot be created for him in the State House scheme by the way? Within Tinubu’s first 10 days in Aso Villa, Wike visited him three times! His carriage indeed, has been like that of a sole sponsor of the 2023 general elections, who is demanding mega returns on investment! Recall he loves to sing Nkem Owoh’s song, agreement is agreement.

Wike, the husky-voiced sea lion of the creeks of the Niger Delta, has rapidly transmogrified into a vulnerable pussy cat. He now has to ride on the backs of third parties to access the seat of power. When he is not on the tails of Seyi Makinde, governor of Oyo state, and his colleague in the G-5, he is tagging along with his former foes like Dave Umahi. And this is all in the bid to gain access to the highly restricted State House. He marched with his G-5 allies to visit the president days into the new administration, barely seeking the second opinion of his mirror. This was before he turned out oddly in a group photograph of his G-5 and the president. The miscued buttoning of his suit was the stuff of media jokes and jabs for several days!

Wike “forcefully herded” the new president of the senate, Godswill Akpabio, and a host of other dignitaries and national figures to his local church in Obio-Akpo local government area of Rivers state a fortnight ago. They attended a simulated “thanksgiving service” in his honour. It was a programme which he put up to reassure himself, and flaunt before his kinsmen, the fact that he was still a big player on the national political podium. At that event, Wike attempted to impugn the integrity of the local chapter of the PDP. He alluded to a “poisoning” at the state secretariat of the PDP years ago, which allegedly threatened his vital organs. Surprisingly, in Wike’s several media appearances many of which he held in the gardens of Brick House, Government House in Port Harcourt, no allusion has ever been made to this incident.

Unknown to him, however, he opened himself up to further public derision. Phrank Shaibu, a media aide to Atiku Abubakar, spontaneously reminded Wike that the phantom affliction of his “kidney and lungs,” if it ever happened, was a product of career alcoholism. Shaibu reminded Wike that he, Wike, had earlier publicly admitted to starting off his day every day by gulping bottles of “40-year aged” vintage whisky! The shelf price of one bottle of Wike’s favourite daily “morning tonic”, by the way, is about N10 million! The last time I checked, no vice chancellor in any public Nigerian university, no professor, earns N1 million as their total pay package in a month. There may be exceptions though, probably a handful whose professorial chairs are being generously sustained by affluent instituting bodies or well-endowed individuals. Yet, these intellectuals are the bastions of very engaging knowledge production and impartation for national and global development.

The point is that Wike desperately needs a new official address. He cannot conceive of existence in anonymity, away from the razzmatazz and klieg lights of the public environment. Not after being over-pampered at our collective expense for a whopping 24 years! He is enamoured by having aides and officials fawning and shuffling around him. He loves to stand behind the lectern and rehash Timaya’s popular song, “as e dey pain dem, e dey sweet us“. He loves to hop and prance before excitable audiences. He will not be able to do all of that as a private citizen. Wike has estranged himself from the political class in Rivers state on account of his weird specie of leadership, he doesn’t have many friends back home.

Wike loves the allure of power. During his cross-country consultations ahead of the PDP presidential primary last year, Wike’s sole sing-song was: “Give me that power, just give it to me and see what I will do with it”. His advocacy and solicitation bore no references to a broad vision, a mission statement, or a manifesto. He only wanted power to transit from Rivers state-owned airplanes, to those of the federal government as president. His “matter-of-life-and-death” solicitation for engagement in government, will avail him leverage with instruments of state with which to hound his adversaries. Hasn’t it become clear the under-the-table liaison between top government functionaries and military commanders in the procurement of personnel for illegal election duties, especially under the watch of the spectacularly indolent President Muhammadu Buhari? These are some of the privileges public office Nigerian-style, confers on officials.

Wike’s colleagues are winding down and resting after giving some of their perspiration to national service, over the years. Immediate past Works and Housing Minister, Babatunde Fashola, hinted months ago that he urgently needed to return home to be “president” of his family. He marked his diamond birthday ceremony as a private citizen just days ago. After a breathtaking 20 years of public service at the highest levels, he wants to take a deserved holiday, except if the current president needs him for a specific task. Since he left office 16 years ago, Donald Duke, arguably one of the star boys of the Fourth Republic, has been very actively engaged in other productive ventures outside Government House. He has been sharing his aggregated experiences and inspiring others. Coincidentally, Fashola and Duke are attorneys like Wike.

Tinubu should help Wike to save himself, from himself. He should be detailed without further delay to a health farm to begin the imperative process of rejuvenation, regeneration and reinvigoration. He has lost the chubby cheeks characteristic of his visage, just months back. There will always be opportunities for service to the nation in a lifetime. He should step aside so that new talent and competencies can be discovered in his state. Tinubu an elder himself, agba, as we say in Yoruba, knows that the rascal procured with just the smell of mint-fresh currency notes to incinerate his father’s home, will be amenable to bringing down his neighbour’s with enhanced incentive. That should inform the rules of engagement with this prospective “janitor of Aso Villa.”

Olusunle (PhD), a poet, journalist, scholar and author is a member of the Nigerian Guild of Editors (NGE)

Ezomo Anthony Aleogho Ayaoghena Dokpesi loved the gazebo in his beautiful Abuja residence. It is made of big rafters and roofed with thatch. A gazebo like the one in Dokpesi’s vast compound is a small building in a house that affords a wide view of the surrounding areas. He ate suya, groundnut and roasted fish. He drank and relaxed there. He loved choice wines and champagne. The workaholic found great pleasure in unwinding at the gazebo by hosting family members, friends, associates and loved ones there. No one was left out. He would sing and dance. Sunny Ade’s music was his favourite. He would laugh. Nay, guffaw.

It was a place for us to taunt and tease each other – me jokingly calling him “my son and my boy whom I paid his school fees, trained and married for with my hard-earned money”. He derisively, but jokingly, telling me “You baga; you bush boy who would shiver before me and could not even dare enter my lush office or room in the 80s”. All and everyone present would laugh. We usually cracked their ribs with such nostalgic jokes.

So, coming to the gazebo on that June 16, 2023, for “A Night with Ezomo @ The Gazebo”, was particularly traumatic for me. I could not dance or sing. I was completely numb. I was transfixed like an insect rendered immobile by some powerful chemicals. So, was it really true the Oghierumhoa of Weppa Wanno Kingdom and Araba of Oshoroland would not get up from somewhere to dance with us? Just anywhere from the shadows? Where was he? I looked around. Imagine for a moment, the scene of a helpless and hapless child looking around for his mother. Dokpesi was nowhere. I broke down. I cried like a baby. Uncontrollably. Publicly. I was inconsolable. I had no shame. Shame? Ha, I conquered it there and then. Reason vacated its seat. Emotions took over. I was broken. Other attendees came to my aid. But not so fast.

Some of them equally broke down and joined me in letting out pent-up emotions. Sen Kassim Oyofo, Lina Okakpu, Mina Horsfall, Barr Ter, Vera Ovhighie, and others who were consoling me joined. They themselves wept like babies. Oh death, where is thy sting? You shameless death that wears a hideous monstrous visage, why are you so cruel, so unfeeling? I wiped my tears. I left for my nearby home in distress. Like a rain-beaten chicken. I left the Gazebo Mystique.

Then, this write-up was finally triggered when a friend and kinsman based in Atlanta, USA, Alily Akhigbe, sent me Ezomo’s outing and speech during the DAAR Communications 4th Award night in December 2021. Just one and a half years ago! I listened to it. Carefully. He was speaking as if he were still alive. Powerful. Boisterous. Effervescent. Brutally frank, as ever. Luminous. Bubbling with the “sap of life like a yam tendril in the rainy season,” as Chinua Achebe once called it in “Things Fall Apart”.

He narrated how I rained blows on him physically at a meeting with a consortium of banks at Marina in Lagos when he had broken down and cried. The government had engineered the banks to take over DAAR over its debts, many of which were not even due for payment. He had wept. He narrated how I descended on him publicly, there and then, raining blows on him, telling him he had committed no crime by borrowing money to run DAAR Communications. He looked at me like a child unto his mother, wiped his eyes and steadied himself for the remaining portion of the meeting. We won at the end of the day.

Successive governments never relented in trying to kill his entrepreneurial and political spirit. They all failed. Woefully. I won virtually all his and DAAR’s cases up to the Supreme Court. Kanu Agabi, SAN, also led me to defeat the government in the criminal charges of alleged embezzlement of security funds against him. We won at the Federal High Court (Tsoho CJ) and the Court of Appeal. He was completely discharged and acquitted. So, Dokpesi died without any blemish. He was given a clean judicial and moral bill of health by all courts in Nigeria.

Dokpesi’s humility which he wore like a second skin was infectious, as he bowed for me, every and anyone at the award night, where I was given the “Legal Icon” award. So, watching this video, I again broke down. Even now, I am still crying. Ha, Ezomo, why? But, why? Adieu. Farewell, Iyokpamhe.

Compatriots, let us not mourn, but celebrate this African Octopoidal septuagenarian; this legend; this colossus. It was Calpurnia, wife of Julius Caesar, in William Shakespeare’s Julius Caesar, who, while begging her husband not to venture out on the Ides of March (the day he was later assassinated), made the following memorable speech: “When beggars die, there are no comets seen; the heavens themselves blaze forth the death of Princes”. High Chief Anthony Aleogho Dokpesi, OFR, easily fits into this narrative.

Surely, in Dokpesi’s transition, comets were seen. Because he was a prince of peace, even the heavens blazed forth his death.

He also fits into Julius Caesar’s own reply: “Cowards die many times before their deaths. The valiant never taste of death but once”.

I will end this tribute by quoting Mark Anthony in the same Williams Shakespeare’s Julius Caesar when he said of Brutus: “His life was gentle and the elements so mixed in him that nature might stand up and say to the world, “this was a man”.

In the words of 1 Corinthians 15:55. “O death, where is your sting? O grave, where is your victory?” Haruk Murakami (a contemporary Japanese writer) was right when he said: “Death is not the opposite of life, but a part of it”. He was probably right, for Aleogho merely transmitted from mortality to immortality.

Let me tell you how the host of heaven now sees Dokpesi. They are in the words of Max Lucado (a Christian preacher and author): “We see a hearse; we think sorrow. We see a grave; we think despair. We hear of a death; we think of a loss. Not so in heaven when heaven sees a breathless body, it sees the vacated cocoon and the liberated butterfly”. Thus, Dokpesi vacated his worldly cocoon of mortality and got liberated like a butterfly into God’s bosom of immortality. Know ye today that what we owe Dokpesi is not to mourn him, but to keep his memory alive. For, as George Eliot, a famous English author most aptly put it: “Our dead are never dead to us until we have forgotten them”.

Ezomo Dokpesi, we will never forget you. You will forever live in our hearts. Be happy with the Lord till we meet on resurrection day to part no more.

For his very large Ezomo Dokpesi clan that he left behind; his teeming friends, admirers, associates and loved ones across the world, may the good Lord give you the heart and fortitude to bear this irreparable demise of our dear father, brother, friend and compatriot.

Adieu Iyokpamhe. Farewell Ikuekhiamhe. Goodbye humanist. Okiakhue, Agene 1.

The Debt Management Office (DMO) of Nigeria has announced a subscription offer for the Federal Government of Nigeria Savings Bond.

This initiative, authorized under the Debt Management Office (Establishment) Act 2003 and the Local Loans (Registered Stock and Securities) Act, aims to provide investors with an opportunity to earn competitive interest rates while supporting the country’s economic development.

The subscription offer includes two options: a 2-Year FGN Savings Bond due on July 12, 2025, with an annual interest rate of 9.070%, and a 3-Year FGN Savings Bond due on July 12, 2026, offering an annual interest rate of 10.070%.

These rates offer a negative real return as they are well below the national inflation rate of 22.4% for the month of May 2023.

Other details: The subscription period for the FGN Savings Bond opened on July 3, 2023, and will close on July 7, 2023.

• Interested investors are encouraged to apply during this timeframe to secure their participation. The settlement date for the bonds is set for July 12, 2023.
• Once subscribed, bondholders will receive coupon payments at regular intervals. The coupon payment dates are scheduled for October 12, January 12, April 12, and July 12. These consistent payments provide investors with a reliable source of income over the bond’s duration.

The Federal Government of Nigeria Savings Bond program is designed to attract domestic savings while simultaneously financing critical infrastructure projects and government initiatives.

• By investing in these bonds, individuals and organizations can contribute to the country’s development efforts and earn favorable returns on their investments.
• Interested investors are advised to contact their financial advisors or visit the Debt Management Office’s official website for further details and application procedures.

[Nairametrics]

Gov. Peter Mbah of Enugu State has appointed Mr Ladi Akeredolu-Ale, of Channels Television as Managing Director of Enugu State Broadcasting Service (ESBS).

Akeredolu-Ale was before his appointment, the Controller, Current Affairs at Channels television headquarters in Lagos State.

His appointment was contained in a statement signed by the Secretary to the State Government, Prof. Chidiebere Onyia on Tuesday in Enugu.

Onyia said the veteran journalist is expected to bring to bear his over 30 years of experience in journalism in the state broadcasting service.

This, he said, would drive a media revolution, inspire drastic reforms in media innovation, creativity and turn the state-owned media service into one of the best revenue-generating organisations in the state.

“He is a multiple award winner, being the Nigeria Media Merit Award winner of Television Presenter and Reporter of the Year in 2001, Diamond Award for Media Excellence as Reporter of the Year in 2004, as well as Nigeria Media Merit Award Programme Presenter of the Year 2019.

“He is also a veteran of almost 30 years standing in television broadcasting, he was also Director-General and Chief Executive of Ondo State Radio and Television Corporation between March, 2009 and February, 2017,” Onyia said.

He added that Akeredolu-Ale holds both bachelors and masters degrees in Sociology from the Universities of Ilorin and Lagos in 1992 and 1998 respectively.

Akeredolu-Ale was an alumnus of the Lagos Business School Chief Executive’s Programme of 2011.

(NAN)

When Nigerian lawyer Obioma Adesewa Okonkwo was booked to speak at the RightsCon conference in Costa Rica, she submitted her visa application several months in advance.

As the date approached with no sign of her travel documents being granted, she felt she had no choice but to cancel her trip and contact organizers at the advocacy group Access Now to arrange to join online instead.

Over 300 participants could not attend the digital rights conference in person due to visa issues, Access Now said in a statement.

Kenyan Nanjala Nyabola, a board member at Access Now, said many Black and brown participants had been picked out and detained by Costa Rican border agents for periods of up to three hours. Some were later deported, she wrote on Twitter.

Anger over their treatment has reignited debate about unequal visa and border regimes that limit Global South nationals’ participation in international conferences tackling issues from climate change to economic systems and conflicts.

“If you have a summit that is global, then you have to consider that there are people coming from countries who are regularly denied visas,” said Okonkwo, a legal officer at Media Rights Agenda, which defends freedom of expression in Nigeria.

“I really wanted to learn from digital rights advocates from other continents ... I was shut out from participating in those kinds of discussions.”

She said her visa application was eventually rejected.

Access Now, a global organization headquartered in New York, said authorities in Costa Rica had agreed to offer visas on arrival in the country for conference attendees, but border authorities did not uphold the arrangement.

Costa Rica’s embassy in the U.S. referred in a statement to comments made by Foreign Minister Arnoldo Andre Tinoco about the conference.

“It has not been the government of Costa Rica that has prevented these 300 people from entering, but rather they have failed to comply with the minimum requirements to enter the country,” he said in a video statement last month.

Conference organizers apologized to all those impacted and pledged to learn and make changes as a result.

“We have a responsibility to ensure that participants are seen and that their voices matter in these spaces,” said Nikki Gladstone, RightsCon director, in emailed comments to the Thomson Reuters Foundation.

“It’s our responsibility to anticipate and help mitigate the barriers participants will face.”

She said the event is held in different countries each year in an effort to be more accessible, and they chose Costa Rica because they had never had the summit in Central America before.

‘Visa justice’ fights

Critics say visa rules that are stricter for citizens of poorer nations are a significant factor limiting the participation of people from developing countries in major conferences.

Ugandan climate activist Hamira Kobusingye said she often needs letters of recommendation to apply for visas to attend summits – a step not required of most Global North travelers.

Despite her efforts, she said she was denied visas to attend the Bonn Climate Change Conference in Germany in June and the U.N. 2023 Water Conference in New York.

“My colleagues all over the continent were denied visas,” she said, adding that they were being distracted from their campaigning work by “visa justice” battles.

Kobusingye said she was told her applications did not meet the criteria for a visa.

A U.S. state department spokesperson said it “takes seriously its obligations as a host country of the U.N.”

“Whenever an individual applies for a U.S. visa, a consular officer reviews the facts of the case and determines whether the applicant is eligible for that visa based on U.S. law,” the spokesperson said in emailed comments.

Neither the German foreign office nor its embassy in Uganda responded to requests for comment.

Kobusingye said restricting access to grassroots campaigners meant major decisions could be made without much input from the people who are most affected.

Africa has been hit disproportionately hard by the fallout from climate change, while international efforts to secure funds for adaptation and recovery for heavily affected developing nations have fallen short.

“It seems like the Global North is trying to find solutions for the climate crisis without the people who are most affected,” said Kobusingye.

“They can push through what they want because they have very little resistance.”

In 2021, after Black Lives Matter protests in many countries prompted widespread discussions over inclusion, the COP26 U.N. climate summit was criticized for lack of diversity, with the hashtag #cop26sowhite trending on Twitter.

The U.N. climate change body UNFCCC, which organizes the Bonn and COP summits, did not immediately respond to requests for comment.

Ahmed Ogwell Ouma, acting director of the Africa Centers for Disease Control and Prevention, said he struggled to enter Germany for a world health summit last year because of mistreatment by border staff who suspected he wanted to stay on illegally.

“My attendance of the @WorldHealthSmt is now in doubt. I’m happier & safer back home in Africa. They invite you, then mistreat you,” he wrote on Twitter.

Ouma was ultimately granted entry, and the German health minister later tweeted that officials were looking into what had gone wrong at the airport.

Not in the room

Campaigners and policy analysts said summit organizers should be mindful of visa policies when selecting host countries.

Okonkwo said organizers should have conferences in visa-friendly countries that are not discriminatory towards people from poorer nations.

In an open letter with charities and civil society groups, Access Now urged governments to adopt “flexible and generous” visa approval policies for human rights defenders, activists and journalists.

Enabling Global South participants to be physically present at high-level talks was critical to ensure decisions are as representative as possible, said Kathryn Nwajiaku-Dahou, director of the Politics and Governance program at ODI, a global think-tank based in Britain.

“It’s where the real political work takes place. It’s what happens in the corridors; it’s the informal mingling. That’s where powerful relationships get struck,” she said.

“So, if you’re not in the room, you’re not in the room.”

[dailysabah]

…decries poor participation of young candidates in politics

Apparently positioned to encourage younger Nigerians in vying for legislative seats across the country, a civil society group, under the auspices of Yiaga Africa has promised to dole out $20,000 to any lawmaker elected at the state and federal level who makes his or her mark in legislative duties.

Samson Itodo, Executive Director, Yiaga Africa made the pledge on Tuesday in Abuja, while speaking at a programme Convergence 5.0: Nigeria’s Largest Gathering of Young Legislators.

He said lawmakers that would qualify for the prize money must be under 35 years of age, either at the State or Federal legislature, and would be assessed based on the number of bills sponsored and level of contributions to legislative proceedings.

Itodo decried the level of participation of young candidates in the country, despite the not-too-young-to-run act in place.

He said he believes the prize money of $20,000 would spore young Nigerians to vie for elective offices to contribute their quota to nation-building.

Meanwhile, Director of Programmes, Yiaga Africa, Cynthia Mbamalu corroborated Itodo when she said that Convergence 5.0 represents the largest gathering of young legislators in Nigeria as a platform created for young legislators to learn from experts in the field on how best to effectively deliver leadership.

According to Mbamalu, the platform is for young elected representatives to learn how to build power and how to best navigate the politics in the National and State Assemblies, hence the theme, leadership, power politics.

She lamented that despite the signing of the Not-Too-Young-To-Run Act into law by the immediate past administration, prospects of having more young people in politics have not been too encouraging.

“In 2019, we celebrated about 13 young people in the House of Representatives, which was a far increase from where we were in 2015.

“We also had 20 young people who are under 30 years old, who won the elections in 2019 in the State Assemblies, two women under 35 years old won that election.

“In 2023 we hoped for better but yes, it did not go the way we were expecting but we still have things to celebrate. For the first time since our transition to democracy in 1999. We can proudly say that in the House of Representatives, we have two lawmakers who are between 25 and 29 years old, the youngest ever, that is progress but not enough.

“This is because, in the House of Reps, we just have 14 under 35 years old who won the elections. At the state level, there are 92 under-35-years-old who won the elections.

“For the women, it is still a sad story as we have four lawmakers who are under 35 years old that are women,” she stated at the Convergence 5.0 event.

[DailyIndependent]