Peter Obi, presidential candidate of the Labour Party (LP) in the 2023 election, says the seizure of three presidential jets by a French court is an “international embarrassment” to the country.

A Paris court recently ordered the seizure of three jets belonging to the Nigerian government over a dispute involving an arbitration award in favour of ZhongshanFucheng Industrial Investment Co. Ltd., a Chinese firm.

The court ruled that the Chinese firm should use the three jets at the Paris-Le Bourget and Basel-Mulhouse international airports “as security for its claim of EUR 74,459,221”.

However, the presidency on Thursday accused the Chinese firm of using “unorthodox and subterfuge” means to take away Nigeria’s offshore assets.

Obi, in a statement by Yunusa Tanko, his campaign spokesperson, said the seizure of presidential jets has exposed the federal government’s disregard for the rule of law and failure of leadership.

The former governor of Anambra said the federal government’s decision to proceed with the purchase of the jet amidst widespread criticism and severe economic struggles showed the insensitivity of President Bola Tinubu’s administration to the plight of citizens.

Obi also demanded that the federal government explain the circumstances surrounding the jet seizure.

“The trending international news on the seizure of three jets belonging to Nigeria’s presidential fleet is yet another of many embarrassing things exposing our failed leadership and our attitude to the rule of law even in a democracy,” the statement reads.

“It has also exposed multiple dimensions to our leadership failure and our insensitivity to the plight of the growing poor class in our midst.

“The fact that the federal government went ahead with the jet deal despite the cacophonous cry against the purchase of a presidential jet at this time when the people are going through a horrifying economic hardship shows the insensitivity of this administration.

“Added to it is the embarrassing aspect of our country’s presidential jets being held for contractual breaches arising from yet another dimension of inadequate leadership tidiness.

“I have been loud in my demand over time that the government at all levels should be accountable to the people, meaning that they must be very transparent in all their dealings.

“Until a court in France prohibits Nigeria from moving or selling these three jets, Nigerians have no iota of information about both the buying and selling of these aircraft.

“It has been done in secrecy. Federal government property, which belongs to the people, is being managed as a personal family asset.

“Paying as much as $100 million for a presidential jet for a country that is the poverty capital of the world and has more out-of-school children with over 40% food inflation is the height of concern for the people’s feelings.

“This incident has also opened up an aspect of indiscipline that is copiously embedded in our country, which is the abuse and disrespect for the rule of law.

“Here are questions begging for answers: To what extent did the Ogun government follow its agreement with the Chinese firm?

“After the UK court ruling that prohibited some Nigerian buildings in Liverpool, what did both Ogun state and the federal government do before the French court action?

“I would like to, therefore, challenge the federal government to come clean and transparent on this matter and tell Nigerians how we got to this latest international mess.”

[TheCable]

There is a growing concern again among Nigerians as the price of Premium Motor Spirit (PMS), better known as fuel or petrol, is nearing ₦1,000 per litre at filling stations across states, including the Federal Capital Territory (FCT) Abuja.

Naija News understands that the supply of petrol has experienced intermittent availability throughout the nation, resulting in numerous filling stations being unable to provide the product.

Recent findings have revealed the unpleasant experience of motorists and general consumers of the product in FCT and various States across Nigeria.

It has been revealed that at certain stations operated by members of the Independent Petroleum Marketers Association of Nigeria (IPMAN) in the satellite towns of the FCT, petrol is being sold for nearly ₦1,000 per litre.

Meanwhile, motorists are enduring extensive wait times at the outlets of the Nigerian National Petroleum Company Limited (NNPCL) and a select few major oil marketers that are dispensing fuel within the city of Abuja.

The Independent Petroleum Marketers Association of Nigeria has attributed the ongoing petrol shortage to a lack of direct supply from the NNPCL.

Speaking on the development on Thursday, a former Chairman of IPMAN, Ejigbo Depot, Lagos, Akin Akinade, told Daily Trust that: “Our members have no direct supply from NNPC. We buy from Third Party. We buy at DAPMAN (Depot and Petroleum Marketers Association of Nigeria) Depot in Abule Ado.”

FCT/Abuja

Naija News learnt that numerous fuel stations in Abuja were closed yesterday, while the few that were operational experienced extensive queues.

This predicament began several days prior to the #EndBadGovernance protest, which started on the 1st of this month and has continued for over two weeks since then.

At the Umaru Ngelzarma Filling Station located in the Lokogoma area of Kabusa District in the FCT, one of our reporters noted yesterday that petrol was being sold at ₦980 per litre.

Additionally, at Christee’s Petrol Station, also situated in the Lokogoma area of Abuja, the price for the product was recorded at ₦950 per litre.

Long lines were observed at the NNPCL station in Katampe, along the Kubwa Expressway, where motorists indicated they were prepared to spend the night in order to purchase fuel at ₦617 per litre.

Another NNPCL station at Airport Junction, Jabi, was not dispensing fuel during a visit by one of our reporters yesterday.

This scenario was consistent across most petrol stations in Abuja and its surroundings, primarily due to the scarcity of the product.

Lagos

Journalists in Lagos reported yesterday that long lines formed at NNPCL stations offering fuel at ₦568 per litre, while other stations such as Mobil, MRS, and North West charged between ₦600 and ₦650 per litre.

Commercial drivers shared their significant worries regarding the ongoing scarcity and the steep price increases at the limited stations that are still operational, primarily located on the outskirts of the nation’s commercial hub.

“The hike in fuel price is the major problem we have in Nigeria. I bought ₦900- ₦950 in Calabar, that is why I have not travelled again. It is affecting our business.

“I left my bus because some filling stations sold ₦1,000 per litre,” Omotayo Adenikeju, a transporter, told newsmen.

However, a former chairman of IPMAN, Ejigbo Depot in Lagos, Akinade, told Daily Trust that third-party vendors from which some of their members source the product, “sell to us ₦840, ₦850; and by the time you add transportation to that, there’s no way our members would sell less than they’re selling.

“If they bring down their price, we’re also going to bring down our price. We’re in business to make money.”

Kano

Motorists in Kano reported purchasing fuel at ₦950 per litre from independent oil marketers’ stations, while NNPCL stations offered it at₦620.

This includes locations such as Kano Line, Kofar Nasarawa, Club Road near Murtala Muhammed Way, and Tal’udu Sabon Titi.

A commercial driver, Habibu Sani, expressed a preference for waiting in line at the NNPCL station rather than paying over ₦900 for a litre of fuel. Another driver, Kabiru Yakasai, stated that he had to park his vehicle due to the unaffordability of fuel priced above ₦900 per litre.

At an AY Maikifi outlet on Maiduguri Road, it was noted that fuel was being sold for ₦900, while A.A. Rano Station on Gyadi-Gyadi Zaria Road was dispensing it at ₦730.

Bashir Umar, an independent oil marketer in Kano, explained that the current supply shortage is due to marketers hesitating to transport fuel from Lagos, fearing a price drop once Dangote Refinery begins its market supply.

He indicated that marketers acquire fuel at ₦900 per litre in Kano and subsequently sell it for ₦950, accounting for transportation expenses.

Maiduguri

Reports from this region revealed that virtually all the NNPCL filling stations in the Borno State capital are located at the Bulumkutu area, along Kano Road; Mohammed Indimi Way, Off Damboa Road and Galadima Junction along Low-Cost Road, were closed yesterday.

A driver, Aminu Idris, said: “We cannot afford to buy petrol from independent marketers at ₦950”.

Speaking, IPMAN Chairman, Borno State chapter, Mohammed Kuluwu, told journalists that most stations in the state deliberately suspended fuel supply owing to “the crisis resulting from the #EndBadGovernance protest”.

Oyo

Naija News authoritatively reports that fuel is currently being sold at ₦850 and ₦900 at several filling stations in the Oke-Ogun axis of Oyo State.

Our correspondent, who recently bought fuel at two different stations, reports that the product was sold on Monday at ₦850 and subsequently, on Thursday, many of the petrol stations changed their pump price to ₦900.

Meanwhile, black markets around this region of the state currently sell the product at exorbitant prices.

CSO’s Reaction

Naija News reports that the Human Rights Writers Association of Nigeria (HURIWA) has conveyed its concerns regarding the ongoing fuel scarcity affecting Nigeria.

In a statement released by its National Coordinator, Comrade Emmanuel Onwubiko, HURIWA articulated its dissatisfaction with the federal government’s lack of response to this issue.

The organization noted that fuel scarcity has become a prevalent issue nationwide, with Abuja and other significant urban areas consistently experiencing extended fuel queues.

“Despite the various excuses provided by the NNPCL, the crisis persists, leading to speculations that the company may be benefiting from the situation.

“In the past three months alone, the NNPCL has churned out no fewer than five different excuses for the ongoing fuel scarcity, ranging from logistics challenges to supply chain disruptions.

“However, none of these explanations hold water, given that the crisis continues to linger unabated. If the NNPCL were serious about resolving the issue, they would have done so by now”, it said. HURIWA alleged that if the NNPCL had not benefited from the fuel crisis, it would have resolved it long ago.

“The simultaneous occurrence of fuel scarcity and the reported challenges faced by the Dangote Refinery suggest an orchestrated effort to undermine the refinery’s operations, further entrenching the NNPCL’s monopoly over Nigeria’s petroleum industry,” the organization noted.

However, the NNPCL has yet to issue any official statement regarding the recent development as of the time of filing this report.

[NaijaNews]

Nigeria is on the verge of securing a $500 million loan from the World Bank, a significant financial boost aimed at addressing critical challenges in the country’s education and healthcare sectors. 

This is according to the “Program Information Document (PID)” for the appraisal stage of the Nigeria Human Capital Opportunities for Prosperity and Equity (HOPE) Governance Program. 

The proposed loan, part of the Nigeria Human Capital Opportunities for Prosperity and Equity (HOPE) Governance Program, is intended to tackle long-standing staffing gaps and enhance the performance management of basic education teachers and primary healthcare workers. 

World Bank likely to approve loan next month 

The World Bank is expected to give its final approval for the loan on September 26, 2024.  

According to the PID seen by Nairametrics, the loan will focus on three major result areas, with the improvement of recruitment, deployment, and performance management of sector workers being a key component. 

This effort is particularly important given Nigeria’s alarming human capital index, which indicates that a child born in the country today will only achieve 36% of their productive potential if current levels of health and education services persist. 

One of the primary objectives of the loan is to incentivize improvements in workforce planning within the education and healthcare sectors.

The loan will provide the necessary financial resources to enhance the recruitment processes, ensuring that qualified professionals are adequately deployed to where they are most needed.

The initiative will also address the significant disparities in staffing across Nigeria’s regions, a challenge that has long plagued both sectors. 

Nigeria to leverage BVN, NIN to tackle payroll fraud 

In addition to workforce planning, the loan will support the adoption of new systems to improve payroll management and reduce fraud. This includes the implementation of the Central Bank of Nigeria’s Bank Verification Numbering (BVN) system and National Identity Numbers (NIN) platforms. 

These systems will play a crucial role in ensuring that funds are used efficiently and that only verified employees are on the payroll, thereby eliminating ghost workers. 

The planned introduction of biometric check-ins and community monitoring, where available, will further strengthen the accountability and performance of education and health workers. 

A part of the PID noted that one of the expected results of the loan program is improved recruitment, deployment, and performance management of basic education teachers and primary health workers, adding that: “This results area will incentivize: (i) the enhancement of the sector and workforce planning function, (ii) reduction of significant staffing gaps and improved deployment and management practices for basic education and primary health care workers, and (iii) adoption of new or existing systems such as the Central Bank of Nigeria Bank Verification Numbering (BVN) system and National Identity Numbers platforms to check payroll fraud, biometric check-ins where available, community monitoring, performance bonuses, automatic payroll deductions.” 

Loan program to run for four years 

• The HOPE Governance Program, under which this loan falls, is scheduled to run from 2024 to 2028, providing support for systemic reforms at both the state and federal levels, focusing on cross-sectoral issues such as financial resource allocation, public financial management, fiscal transparency, and accountability. 
• As part of the World Bank’s support, the loan will also incentivize the reduction of staffing gaps by 40%, with a target that at least 30% of new recruits will be women.
• This gender-sensitive approach is intended to address not only the quantity but also the quality and diversity of the workforce in these critical sectors. 
• The loan is part of a larger $2 billion government program that seeks to accelerate the provision of quality basic education and healthcare services across Nigeria. 

[Nairametrics]

Six months after his tragic death in a helicopter accident in California, eminent banker, Dr. Herbert Wigwe was celebrated by his family, friends and associates on his posthumous birthday on Thursday, August 15. In the privacy of their homes, they sang and prayed for his soul, children and relatives and in emotional public statements published in many newspapers, they were effusive in their outpouring of love and grief. Herbert died with his wife, Chizoba and son Chizi. Herbert’s friend, Abimbola, and the two pilots of the chopper, also perished. May their precious souls continue to rest in peace.

In a highly expressive statement written in the form of a letter to their departed son whom they fondly called ‘’Gege Papa’’ and released this morning, Herbert’s aged parents, Pastor Stella and Pastor Shyngle Wigwe write, ‘’words cannot express the depth of our love for you and the immense void your absence has left in our hearts. Today, 58 years ago, God blessed us with the precious gift of you, our beloved Gege. Though your departure was sudden and heartbreaking, we find solace in knowing that only the Almighty can mend our shattered hearts’’. They described him as ‘’extraordinary and remarkable son’’ and thanked God for his life. Reading the full message from Herbert’s parents is choking, and it’s clear that the Wigwes are still hurting. Indeed, there is no greater pain to a parent than the loss of a child. I experienced it 25 years ago; and I pray that nobody should experience it.

Herbert was born at Island Maternity Hospital in Lagos on August 15, 1966 – a momentous period in Nigeria’s political history. He died in the night of February 9, 2024, in California (early morning of February 10 Nigerian time). Lagos State governor, Babajide Sanwo-Olu had pledged at Herbert’s Nights of Tributes held at the Eko Convention Center, Victoria Island, Lagos, on March 4, to immortalize the departed business icon on the Lagos Island since ‘’he is an Island boy’’. The historic import of the statement was not lost on many in the cavernous hall that evening and I hope that the governor will make good his promise.

The part of Lagos State known as Lagos Island (Isale Eko in Yoruba) is a sprawling, crowded settlement well known as the native land of the indigenes of the city. Over the years, it has become a melting pot for Nigerians from different parts of the country and the center of culture, history and unabashed hedonism that give Lagos its uniqueness. My parents-in-law, from what is today Delta State, grew up on the Island, and so are millions of Nigerians from all over the country, some of whom had made the Island their permanent home.

It is in the Lagos Island that freed slaves from Brazil settled when they returned to what was then a British colony - a piece of history still ingrained in the architecture and some family names. It was on the Island that Dr. Herbert Macaulay, Dr. Nnamdi Azikiwe and the other founding fathers of the country began their political career and the long fight for the independence of our nation.

Historically, Lagos as we know it today has its origins in the Island, and this explains why the governor’s pledge to establish a memorial for Herbert over there carried a ring of historic importance. The governor was well applauded for the pledge in particular and for the searing tribute he gave in which he recalled his close relationship with the late banker. He had known Herbert for 34 years and Herbert had supported his governorship campaign generously and also support his administration through many financial initiatives, the governor announced. I enjoin Mr. Sanwo-Olu to fulfil this promise soon.

Herbert’s younger brother, Emeka, had cut short his trip to the US days earlier to enable him spend time with his parents and coordinate the family’s activities on this memorial day. He wrote: ‘’As I pen these words in on what would have been your 58th birthday, the weight of your absence weighs heavy on my heart. It feels as though a piece of the world has been taken with you, leaving a void that can never be filled’’. I have spoken with Emeka fairly a few times since his brother’s death, and it seems to me that he’s still inconsolable and devastated.

From Access Nation, comprising the over 28,000 men and women who work in the bank, the parent company and its many subsidiaries, came an early morning message released by Company Secretary Sunday Ekwochi, at 12.09am today. ‘’On this day, we remember the laughter, the shared moments and the countless ways you touched our lives. You may not be here to blow out the candles, but we will always honour your light that continues to shine brightly in our lives’’, it reads.

I published my own message in the form of a poem at 12.11am. The first stanza read: ‘’A leader, a mentor, a fearless warrior. Your presence is still felt, though you are out of sight. I remember you every day, and specially on your first posthumous birthday…’’. I added in the middle of the text: ‘’your energy, wisdom and kindness, I still recall’’.

Wigwe University and his foundation, The HOW Foundation, will remain two Herbert’s most enduring legacy. In a joint statement, titled ‘’Happy Birthday in Memoriam’’, the two institutions write, ‘’though you are no longer with us, your fearless commitment to excellence and humanity and continues to inspire and guide us. We celebrate your visionary leadership and the countless lives you touched. We shall remain steadfast in our dedication in carrying forward your extraordinary legacy’’.

From the family of Nigeria’s former Petroleum Minister, Chief Dan L. Etete came a soothing word of consolation to the Wigwes. Signed by the patriarch, Chief Etete himself, the prominent Odi, Kolokoma family wrote, ‘’We stand with the Wigwe Family, as we honour and remember our dearest father, son, brother and friend, Dr. Herbert O. Wigwe, CFR, a true icon and legend on his first posthumous birthday. Herbert was a perfect man and very dear to so many people. A very prosperous, and kindhearted man’’.

Truly, a life of impact that touches lives will always endure long after the body has gone.

President Bola Tinubu and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo on Wednesday evening in Malabo signed an agreement on Gulf of Guinea Pipeline Project, further affirming partnership for mutual development.

The agreement covered legislative and regulatory measures for the gas pipeline, establishment and operation, transit of natural gas, ownership of the gas pipeline, and general principles.

In his remarks at the event, President Tinubu, who is on a three-day official visit to Equatorial Guinea, said the signing of the agreement will open up new opportunities for gas exploration and employment.

The President stated that the two leaders had discussed issues related to the creation of employment, food security, multilateral relations, and conflict resolution mechanisms on the continent during a private meeting that preceded the signing of the agreement.

“Concerning Africa, conflicts and conflict resolution were discussed. We discussed various areas of conflicts and what we can do to promote peace.

“We talked about promotion of peace and stability in our countries, and growth and prosperity on our continent.

“In the same way that Europe and America have kept themselves and found a solution for their conflicts, we have to look at both inadequate capital, industrialization efforts, research and development programmes, and enlighten our people, navigate our way through problems.

“Instead of the crisis and conflicts that we see in the Republic of Congo, and others, we have to look inwards to solve problems ourselves,’’ the President said.

President Tinubu said the discussion with the President of Equatorial Guinea also covered challenges of security, African Continental Free Trade Area (ACFTA), and food security.

“We are all going for it. Within Africa and the African Union, we have resolved that we will work together to make sure that the solution to many of our problems in Africa comes from within,’’ the President concluded.

In his remarks, the President of Equatorial Guinea said bilateral relations with Nigeria over many years have been rewarding and emphasized the need to deepen cooperation across salient areas.

President Mbasogo said Africa’s vision of having a permanent seat in the Security Council of the United Nations is vital for the development of the continent, affirming that Equatorial Guinea will work with Nigeria to realize the objective.

The President of Equatorial Guinea said the signing of the agreement was strategic for Africa’s development.

The Minister of Foreign Affairs, Ambassador Yusuf Tuggar of Nigeria, and Mr. Simeon Oyono Esono, Minister of Foreign Affairs of Equatorial Guinea, also signed the agreement.

The Minister of Justice and Attorney General of the Federation, Chief Lateef Fagbemi, SAN; Minister of Defence, Muhammad Badaru Abubakar; Minister of Interior, Dr. Olubunmi Tunji-Ojo; Minister of State, Petroleum, Gas, Ekperikpe Ekpo, and Minister of Youth Development, Dr. Jamila Ibrahim- Biu were present at the signing of the agreement.

Chief Ajuri Ngelale

Special Adviser to the President

(Media & Publicity)

Binance’s global regulatory woes continue with the latest episode happening in Brazil where the largest crypto exchange in the industry is expected to pay a fine of $1.7 million for derivatives trading violations.  

Binance will be paying $1.7 million to the Brazilian Securities and Exchange Commission (CVM) as a settlement following an investigation into its unauthorized derivatives trading in the country.  

The development was announced by CVM via an official statement on its website spelling out the details of the case and the amount Binance is expected to pay.  

“ The Board of the Securities and Exchange Commission (CVM), in a meeting on 8/13/2024, analyzed proposals for the Term of Commitment of the following administrative sanctioning processes (PAS): 

1. PAS 19957.008369/2022–11: B Fintech Technology Services Ltda.
2. PAS 19957.008992/2023–47 : Gafisa SA, Guilherme Augusto Soares Benevides and Ian Masini Monteiro de Andrade.
3. B Fintech Serviços de Tecnologia Ltda presented a new proposal for a Term of Commitment to terminate PAS CVM 19957.008369/2022–11.

In a meeting held on 8/29/2023, the CVM Board decided to reject the agreement with B Fintech Serviços de Tecnologia Ltda, as it understood that the execution of the Commitment Term would not be timely and convenient. 

On 2/15/2024, a new proposal for a Term of Commitment was presented, and, after negotiations with the Term of Commitment Committee (CTC), the proponent committed to pay the CVM R$9,600,000.00. The PFE-CVM concluded that there is no legal impediment to the execution of the agreement. 

Therefore, the CTC considered it appropriate and convenient to accept the agreement. 

The Board followed the CTC’s opinion and accepted the signing of a Commitment Term with B Fintech Serviços de Tecnologia Ltda.” CVM Stated  

For context, B Fintech Technology Services Ltd. is a shell company operated by Binance in Brazil.  

In May 2023, a Brazilian court recognized that the company was part of Binance Group.  

CVM initiated the investigation into Binance’s operations in July 2020, accusing the company of offering derivatives trading services without the required licenses.  

Binance tried to settle the matter by offering a paltry settlement fee of $370,000 to CVM which was turned down.  

Both parties finally agreed on a $1.7 million settlement fee according to the official statement by Brazil’s CVM above.  

What to Know  

• Binance is facing a lot of regulatory challenges in Various countries at the moment given the size and reach of the crypto exchange. The regulatory challenges all seem to border on Binance operating in a country without getting officially approved by relevant authorities.  

• Binance recently had a spat with India which it appears to have settled. It just settled its case with Brazil but the crypto exchange is still at loggerheads with Nigeria over claims of Tax evasion and money laundering.  

[Nairametrics]

In this interview with Vanguard’s Law and Human Rights, the Attorney-General and Commissioner for Justice of Ondo State, Dr. Kayode Ajulo, SAN, spoke on various issues including the recent #Endbadgovernance protest and its handlers and the rights of Nigerians to protest.
He also reviewed the tenure of the outgoing Chief Justice of Nigeria, CJN, Justice Olukayode Ariwoola, even as he set an agenda for the incoming CJN, Justice Kudirat Kekere-Ekun, who is widely reputed as a no-nonsense judicial officer.

Excerpt:
Before the commencement of the last #EndBadGovernance protest, the government made spirited efforts to abort it. How does this align with people’s fundamental rights to freedom of expression, association and movement?

Away with all the sentiments expressed before during and after the protest, the basic issues at play which remains uncontroverted in any quarters is the government’s efforts to strike a balance between maintenance of public order and ensure the citizens’ rights as guaranteed by our laws in Nigeria and I didn’t see it from the perspective of the government trying to abort the protest.

Nigeria’s democratic growth, I must stress, depends on balancing public order and citizens’ rights and it is  government’s responsibility to maintain order while respecting people’s fundamental rights. People’s democratic right, I won’t say is sacrosanct, but constitutional and in this context of our discussion, freedom of expression is essential for democratic participation and accountability. Freedom of association is crucial for collective action and advocacy. Freedom of movement is necessary for personal and economic development and in doing this and permitting the protest, we must learn from history. As an undergraduate schooling in Nigeria, I participated in countless  protests that left some dead, some maimed and arrested, the last one, EndSARS, is still fresh as it got to a point that the protest turned into something else which borders on  issues of public order. And no responsible government will go to sleep particularly when the organisers of the protest were gracious enough to give adequate notices.

You will recall that some lawyers on behalf of government also went to court to obtain injunction to restrict movement of protesters to a certain location. Tongues wagged. In your view, what is the implication of such court order on the nation’s fledgling democracy?

This is a complex issue that touches on the balance between the right to peaceful assembly and the government’s responsibility to maintain public order.On one hand, the right to protest is a fundamental democratic freedom that should be protected. Peaceful protests play a crucial role in giving voice to citizens and holding the government accountable. Restricting the movement of protesters should  be seen as exercising the responsibility placed on government to maintain order and safeguard lives and property. The government also has a duty to ensure public safety and prevent potential violence or disruptions to daily life. Mass protests in this side of our world lead to unrest, property damage, or clashes with security forces. In this context, a court order restricting protest locations may be intended to facilitate the exercise of the right to protest while managing potential public order issues.

Ultimately, I believe this is a delicate balance that requires careful consideration of the specific circumstances. The implications for democracy depend greatly on how the restrictions are implemented and whether they are reasonable and proportionate to the situation. Overly broad or heavy-handed limitations could indeed be problematic for democratic freedoms.

And mind you, we all have some unique way of doing things, like in Ondo State, Governor Aiyedatiwa’s approach was to engage constructively with the people to find mutually agreeable ways while maintaining public safety. Transparent communication, good-faith negotiation, and a commitment to protecting fundamental rights, are crucial factors here.

What is your advice for protesters in future on how to coordinate protest without it being hijacked by hoodlums?

It’s everyone’s fundamental right to peacefully protest without affecting others’ fundamental rights. In future, it is essential and very imperative to prioritise careful planning, effective communication, and a strong commitment to peaceful, disciplined protest, these particularly require that law enforcement agencies, media and the authorities are involved.

It is not out of place to first engage government to seek any other alternative to the protest. For example, Governor Lucky Aiyedatiwa of Ondo State engaged with everyone, listened to them and proffered solutions to their complaints and in addition, as Attorney-General of Ondo State, a 24-hour Intervention Unit, Citizens Rights and Advisory Bureau, CRAB, was created  wherein people of the state come with their complaints and enquiries through our dedicated phone lines and other electronic devices to get across to the governor and his aides. By taking these steps, protesters can work to prevent their message from being overshadowed or hijacked by outside agitators.

It does appear many Nigerians were disappointed with Tinubu’s speech after the #EndBadGovernance protest, for not addressing the issues raised by the protesters. How will you react to this?

Presidential speeches and the public’s reactions to them can be complex topics, involving factors like messaging, leadership, and the broader socio-political context.

How President Tinubu’s speech is viewed is subjective depending on who is reviewing it. The essence of the speech is the Presidential reaction to the protest and my take home first is that the President acknowledged the protest and said his administration was ready to listen to, and address the concerns of the protesters. Do not forget that the President humbly made it bold to claim that he has heard their calls “loud and clear” and he promised to fix all the concerns raised. In my opinion, the message gives hope, quite reflective, while trying to sooth the nerves of the aggrieved Nigerians. And, above all, did the speech serve its purpose? I will say yes as the President connected with the people, gave clear directives, and no one is on the street as we speak.

Justice Ariwoola will bow out of the bench in a week’s time. Justice Kekere- Ekun will take over. How will you score the outgoing CJN?

Justice Olukayode Ariwoola, has an eventful tenure as Chief Justice of Nigeria. He assumed the role in 2022 after the sudden resignation of the previous CJN, Justice Tanko Muhammad. During his time as CJN, Justice Ariwoola presided over several high-profile cases and sought to address some of the challenges facing the Nigerian judiciary.

On the positive side, Justice Ariwoola is credited with efforts to improve the efficiency and transparency of court processes. He championed the increased use of technology and Human Resources in court proceedings. During his tenure, the apex court had its full constitutional number of 21 Justices and he pushed for faster resolution of cases. The judiciary also saw improved conditions for court officials under his leadership. During Justice Ariwoola’s tenure, the Supreme Court broadly demonstrated her independence and pro-people and progressive tendencies, as I shall never be quick to forget the President Vs National Assembly matter that I defended successfully before the full panel of the court, CBN’s Currencies Change matter, Local Government Autonomy and host of other cases that accentuated the very best of the Court.

However, Justice Ariwoola also faced criticisms on certain fronts. There were concerns raised about allegations of bias and undue influence in some instances which remain unproven. The judiciary continued to grapple with funding shortfalls and infrastructure challenges during his tenure. We should not also forget the image of the Judiciary today which begs for improvement.

Overall, Baba made many positive strides, but also fell short in fully addressing the very deep-seated problems facing Nigeria’s justice system. The incoming CJN, Justice Kekere-Ekun, will have her work cut out for her in continuing the reform efforts.

What do you know about the incoming CJN and what is your advice for her, going forward?

My noble Lord, Justice Kudirat Kekere-Ekun,  is a highly respected jurist with over 30 years of experience in the Nigerian judiciary. She has served as a Magistrate, then rose to become a Judge, and finally a Justice of the Supreme Court since 2013. She is known for her legal acumen, fairness, forthrightness, and fortitude. I have had several opportunities to appear before her, and I see her as a no-nonsense jurist.

Justice Kekere-Ekun has a reputation for being tough but impartial, with a steadfast commitment to upholding the rule of law.
This will be instrumental in restoring public confidence in the judiciary.
In all sincerity, I consider myself too humble a minion to advise the esteemed Justice Kudirat Motonmori Kekere-Ekun, as she takes on the role of CJN.

However, I will humbly beseech her Grace to consider the following: To prioritize a holistic agenda of judicial reforms, addressing the systemic challenges of inadequate funding, infrastructure deficits, and case backlogs.

To steadfastly work towards enhancing public trust and confidence in the judiciary through unwavering transparency, unimpeachable accountability, and the most steadfast fairness in all judicial proceedings.

To foster a spirit of collaborative synergy between the judiciary, the legislature, and the executive, thereby resolving any tensions and safeguarding the independence of the courts.

To invest diligently in the capacity-building of judges and court staff, while leveraging technological innovations to improve efficiency and widen access to justice.

To champion initiatives that shall promote the noble ideals of gender equality and diversity within the hallowed halls of the judiciary, for this shall undoubtedly strengthen the institution.

It is my fervent prayer that, with her Grace, wealth of experience and her demonstrated commitment to the rule of law, she shall steer the Nigerian judiciary towards a future of unparalleled excellence, despite the significant challenges that lie ahead. Her steady and discerning leadership shall undoubtedly make a most profound difference.

[Vanguard]

Professor of Law, Sam Amadi, has said the now withdrawn Counter Subversion Bill was intended to be used in controlling Nigerians’ freedom of speech.

The Director of Abuja School of Social and Political Thoughts, Sam Amadi, said it was bad that the Speaker of the House of Representatives, Tajudeen Abbas, decided to invest time in drafting a bill that cannot contribute to the economic development of the country.

Amadi noted that under the current federal government, Nigeria is de-developing and stagnating economically and politically.

He stated this on Thursday while speaking on AIT’s Kakaki show. He argued that the language of the bill was embarrassing just like the intention.

He added that the reference made to China in the statement released by the Speaker’s aide on Wednesday was the same reference made by Aisha Buhari, former President Muhammadu Buhari’s wife.

He noted that China’s law on speech freedom could not be likened to the draft of the Counter Subversion Bill, now withdrawn. He said the bill was worse than Decree 2 of former military president, Sani Abacha.

Amadi said, “I was a little bit surprised, but not too surprised. I think that the contents of the bill, not just the intention, if you read the language, were too overbroad, even though the whole idea of the bill is problematic in terms of clear attempts to suppress freedom, basic freedoms, not even high-level freedom, basic ones.

“I was surprised at the point of the language, that was so broad, not legalistic as expected. I mean it, things like if you embarrass a public officer, not just at the level of president, they said local government, community leaders, if you embarrass them.

“And I was looking at the language of decree two under the military. This language was much harsher, broader, un-inclusive than even Abacha‘s language. It was horrible. How would anyone on planet Earth in Nigeria today that is under two lock trap, the lock trap of development?

“Nigeria is de -developing. We are not even talking about developing. Stagnant economic, stagnant social political structure. So you needed to unlock development. Why would such a country, its leaders, focus on very broad control of speech?

“Even in China, you know, let’s not forget that the former president’s wife talked about China’s regulation of speech as a model for us when they’re talking about hate speech. Sorry, when they talk about the social media view last under Buhari. They don’t have a kind of language, embarrass public officials.

“So it’s tragic that today a Speaker that has an array of very competent professionals around him would put his pen, his name, to such very disgraceful language of a deal.”

The former Imo State governorship aspirant under Labour Party emphasized that the ruling All Progressives Congress (APC) has been trying to impose authoritarianism on Nigerians. He said the bill was a response to the last #EndBadGovernanceinNigeria protest.

“Let’s not forget intentment, which is basically a reaction against protest. But the language was too broad. So I was surprised by the language and that level of dissent into very authoritarian language, even beyond authoritarians.

“I mean, some authoritarians are smarter and more restrained in the bill they bring, but this is unbelievable. But I wasn’t surprised, really, also because there’s been a trajectory. Unfortunately, the APC, a party whose name suggests progressivism, since 2015 has had this romance with authoritarianism,” Amadi added.

[NaijaNews]

The maker of M&M’s and Snickers, Mars announced on Wednesday that it plans to acquire the snacks food company, Kellanova.

The all-cash transaction would value Kellanova which is behind snacks such as Pringles and Pop-Tarts at $35.9 billion, including debt

“In welcoming Kellanova’s portfolio of growing global brands, we have a substantial opportunity for Mars to further develop a sustainable snacking business that is fit for the future,” said Mars chief executive Poul Weihrauch in a statement.

The announcement comes as consumers feel the squeeze from rising costs of living, putting pressure on companies to rein in price hikes.

The move could also attract scrutiny from the United States’ regulators who have taken a tough stance on consolidations.

CFRA Research analyst Arun Sundaram, said he expects anti-trust attention, given the size of the deal against the current backdrop of rising food prices.

“However, we think the deal will ultimately go through, given the limited category overlap between the two companies,” he added.

CEO of Kellanova, Steve Cahillane told CNBC that both companies were in contact with US regulators and expected no difficulties.

“We have a chocolate factory. A chocolate factory can’t make Pringles,” Weihrauch added in the same CNBC interview. “We’re not too concerned,” he said.

The acquisition for $83.50 per share in cash “accelerates ambition to double Mars Snacking in the next decade, in alignment with global consumer demand trends,” Mars said.

This would bring two new billion-dollar brands, Pringles and Cheez-It, into its business. Already, the company said it has 15 billion-dollar brands.

“Snacking is a large, attractive, and durable category that continues to grow in importance with consumers,” Mars added.

Kellanova had net sales in 2023 of around $13 billion, and it is present in 180 markets with some 23,000 employees.

Shares of Kellanova closed 7.8 percent higher in the United States.

“The acquisition of Kellanova unlocks a significant opportunity for Mars to meaningfully compete with iconic brands in the growing category of salty snacks,” said analyst John Oh of research firm, Third Bridge.

Neil Saunders of GlobalData added that Mars has “virtually no presence” in the savory snacks category. But sales in the segment are growing at a faster pace than in confectionery, where Mars has a strong presence.

“With a 13.3 percent share of the worldwide confectionery market, it will become increasingly difficult for Mars to eke out further gains over the years ahead,” Saunders said. “The business needs to diversify.”

The Mars statement added that most of Kellanova’s snack brands outperform competitors, especially among Gen Z and millennial buyers.

The company added that the combined portfolio would also be suited to meet demand in fast-growing markets such as Africa and Latin America, given their supply chains and local operations.

The plan, according to Mars, is to grow Kellanova’s brands further.

The deal, which is anticipated to close in the first half of 2025, will need the green light from Kellanova shareholders and also will require regulatory approvals.

Mars plans to fully finance the acquisition via a combination of cash-on-hand and new debt, it said, adding that commitments have been secured.

Family-owned business Mars said it employs about 150,000 workers and has over $50 billion in annual sales.

In addition to its snacking and food products, the company is also active in the pet care industry. In 2022, Mars announced it had acquired Tru Fru, a whole-fruit snacking brand. Two years prior, it had completed the purchase of Kind North America, known for its healthier snack options.

[Leadership]

Indications have emerged that the total monthly pay of 99 non-principal officers of the Nigerian senate is above N2 billion.

One of them, Senator Abdulrahman Kawu Sumaila (NNPP, Kano), on Wednesday, confirmed that he receives about N21 million monthly as his perquisite for representing the people of Kano South Senatorial District in the 10th National Assembly.

The revelation by Kawu puts the total monthly package for all the 99 non-principal officers of the Senate at N2.079 billion.

The 10 principal officers of the 10th Senate are: President, Godswill Akpabio; Deputy President; Jibrin Barau; Majority Leader, Opeyemi Bamidele; Deputy Majority Leader, Lola Ashiru; Chief Whip, Tahir Monguno; Deputy Chief Whip, Nwebonyi Peter Onyeka; Minority Leader, Abba Moro; Deputy Minority Leader, Akogun Lere Oyewumi; Minority Whip, Osita Ngwu and Deputy Minority Whip, Rufai Hanga.

The earnings of the presiding officers of the National Assembly have been still not been known, with several other lawmakers in the past saying they do not know what those officers receive monthly, and that even the number of aides statutorily allowed for those category of officers were unknown to them.

Efforts by Daily Trust to get the breakdown of their monthly earnings yesterday were not successful as the Senate’s spokesperson, Yemi Adaramodu, neither answered calls nor replied to messages inquiring about the earnings of the principal officers, where were sent to his mobile telephone line.

There have been controversies in recent times over the actual salaries and allowances of federal lawmakers in the country.

Some former members of parliament like Senator Shehu Sani and representatives Muhammad Sani Zoro and Sergius Ogun had recently quoted different figures as emoluments of lawmakers, and also challenged those who are serving in the 10th National Assembly to make public what they earn.

Ogun, who represented Esan North-East/Esan South-East Constituency from 2015 to 2023, had disclosed last week that each member of the House of Representatives received N8.5 million monthly as running costs while he was in the parliament.

Sani Zorro, who had represented Gumel/Maigatari/Sule Tankarkar/Gagarawa Federal Constituency of Jigawa State in the House of Representatives from 2015 to 2019, however, challenged those currently serving to make public their entitlements. 

Senator Sani, who was in the Senate from 2015 to 2019, had said each senator received a monthly running cost of N13.5 million in addition to the monthly N750, 000.00 prescribed by the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC).

Also, former  President Olusegun Obasanjo recently criticised the federal lawmakers for allegedly fixing their salaries, describing the practice as “immoral.”

In response to Obasanjo’s accusation, however, the Senate spokesman, Yemi Adaramodu insisted that members of the National Assembly only receive what was allocated to them by the Revenue Mobilisation, Allocation and Fiscal Commission (RMAFC).

But reacting to Senator Sani’s claim, the Chairman of RMAFC, M. B. Shehu, had, in a statement on Tuesday, said each senator earns N1,063,860 in salary and allowances per month.

The RMAFC boss, however, stressed that the commission does not have the constitutional powers to enforce compliance with the proper implementation of the remuneration package of lawmakers. “This lacuna is, however, being addressed by the National Assembly,” he had stated. 

I earn N21m monthly running cost – Senator Kawu Sumaila

But in what seemed to be a contradiction of the RMAFC’s position, Senator Kawu Sumaila, in an interview on BBC Hausa on Wednesday, said that he receives about N21 million monthly.

Kawu, a former legislative aide to former President Muhammadu Buhari, said: “The amount that salary that each senator receives per month is less than N1 million. If there are cuts, it comes back to about N600,000.

“In the Senate, each senator is given N21 million every month as the cost of running his office”, he said.

He said the N21 million each senator receives is for all the activities, including domestic trips, purchase of daily newspapers, among other functions.

Former President Obasanjo had, on Friday in Abeokuta, Ogun State, while hosting six members of the House of Representatives, led by Ikenga Ugochinyere, who visited him, accused federal lawmakers of fixing their salaries and allowances; a claim both chambers had separately dispelled.

 “In your case, with all due respect, you’re not supposed to fix your salaries. But you decide what you pay yourself—the allowances that you give yourselves, including newspaper allowances.

“You give yourselves all sorts of things, and you know it is not right. It is immoral, yet you are doing it, the Senate is doing it, and you are beating your chests about it. In some cases, the executive gives you what you’re not entitled to. You all got N200 million (each),” Obasanjo had alleged.

Adjust your earnings with masses’ realities—SERAP, YIAGA, CHRICED

Reacting to the revelation by Senator Sumaila, some civil society organisations (CSOs) and analysts yesterday raised concerns over the “huge” pays being received by the legislators amidst the hardship in the land.

Executive Director, Socio-Economic Rights and Accountability Project (SERAP), Adetokunbo Mumuni, in a chat with Daily Trust, noted that Nigeria operates one of the world’s most expensive democracies without corresponding results.

“We cannot compare ourselves with any other nations in terms of the expenses incurred, whether annually or monthly. Legislators, especially senators, must reassess their earnings in line with the realities of the Nigerian nation,” Mumuni said.

He decried the huge disparity between the earnings of lawmakers and the average Nigerian, saying the N70,000 new minimum wage for Nigerian workers is a stark contrast to the N21 million received by senators.

“This situation needs urgent attention to prevent leaving future generations of Nigerians in a dire financial mess,” he added. Mark Amaza, Senior Communications Officer at Yiaga Africa, said even after 25 years of democratic governance, Nigerians still lack clarity on the earnings of their federal legislators.

He blamed the National Assembly for perpetuating “this opacity”, saying “Transparency and accountability are essential in a democracy, and the earnings of legislators should not be a closely guarded secret.”

Ibrahim Zikirullahi, Executive Director, the Resource Centre for Human Rights and Civic Education (CHRICED), said the revelation by Senator Sumaila reinforced the need to reduce the cost of governance.

He said it was “unfortunate” that those entrusted with managing the nation’s resources appear indifferent to the needs of the people they represent.

“At a time when the majority of Nigerians are suffering from multi-dimensional poverty and severe hunger, it is disheartening to learn that such vast amounts are being spent on just 109 lawmakers while millions lack basic amenities like roads, electricity, and water,” Zikirullahi said.

He said the funds allocated to legislators could be better spent on public services such as schools and healthcare centres.

“Something drastic must be done to address social inequality in this country, starting with a significant reduction in the funds allocated to the lavish lifestyles of our political officeholders. The frequent calls by the government for citizens to make sacrifices amid Nigeria’s economic challenges will ring hollow if those in power continue to enrich themselves at public expense,” he said.