The Central Bank of Nigeria (CBN) urges bank customers to report ATM and branch cash withdrawal difficulties starting December 1, 2024, through designated state-specific phone numbers and email addresses.

The CBN Governor Olayemi Cardoso announced this directive during the 2024 Annual Bankers Dinner organized by the Chartered Institute of Bankers of Nigeria (CIBN) in Lagos.

Cardoso acknowledges cash availability issues at ATMs, which impact ordinary Nigerians. To address this, the apex bank will conduct spot checks on Deposit Money Banks (DMBs) and penalize underperforming institutions

“We recognize the ongoing challenges with cash availability at ATMs, which disproportionately affect ordinary Nigerians. 

“To address this, we are conducting spot checks across Deposit Money Banks (DMBs) and will impose penalties on underperforming institutions. 

“Effective December 1, 2024, customers are encouraged to report any difficulties withdrawing cash from bank branches or ATMs directly to the CBN through designated phone numbers and email addresses for their respective states,” he stated 

He assured that guidelines with reporting procedures will be widely distributed to raise public awareness.

Regulatory compliance and penalties 

Cardoso emphasized the need for compliance from all stakeholders, including Deposit Money Banks (DMBs), Mobile Money Operators, and PoS agents, to enhance service delivery.

“I repeat, financial institutions found engaging in malpractices or deliberate sabotage will face stringent penalties,” he warned 

The governor added that the apex bank would maintain a robust cash buffer to meet demand during high-pressure periods like the festive season.

To foster digital transactions and trust, Cardoso reiterated CBN’s commitment to addressing payment delays, particularly for vulnerable populations.

He explained that trust is fundamental to fostering digital transactions, and the CBN must take every necessary step to preserve that trust in payment systems.

Cardoso assured that Payment gateways for financial transactions will become better in 2025. Key initiatives under the Payment System Vision 2025 include:

• Implementing an open banking framework.
• Advancing contactless payment systems.
• Expanding the regulatory sandbox.
• Issuing revised guidelines for agency banking.

“Additionally, we will issue revised guidelines for agency banking and continue to strengthen electronic payment channels,” he stated 

Anti-money laundering and financial system reforms 

• Cardoso disclosed that Nigeria aims to exit the Financial Action Task Force (FATF) grey list by Q2 2025.
• He outlined plans to combat money laundering, cybercrime, fraud, and corruption, ensuring a sound financial ecosystem.
• Prof. Pius Deji Olanrewaju, President/Chairman of CIBN, praised the resilience of Nigeria’s economy and banking sector despite macroeconomic challenges. He highlighted steady GDP growth from Q1 to Q3 of 2024, attributing it to government policies and CBN initiatives.

“For example, the Nigerian economy continues to be more resilient and agile as shown in the steady growth from 2.98 per cent in Q1 to 3.19 per cent in Q2 and now 3.46 per cent in Q3 of 2024. 

“The bank recapitalization exercise also attests to the fact that we are well on our way towards not only strengthening the financial sector but also supporting a $1 trillion economy envisaged by 2030,” he said. 

Olanrewaju noted that the Nigerian banking industry has demonstrated resilience this year despite macroeconomic challenges, including rising inflation and exchange rate fluctuations.

[Nairametrics]

Former Edo State Governor, Godwin Obaseki has claimed that the independent analysis by the Athena Centre for Policy and Leadership of the Edo State governorship election has thrown Governor Monday Okpebholo into a frenzy.

Recall that Osita Chidoka, the founder of the Centre, had claimed that the governorship election results shouldn’t have stood.

Chidoka, who presented the Athena Centre’s findings on the Edo State election on Channels Television’s Politics Today, stated that there was substantial evidence of systemic rigging.

But in a statement to Naija News on Saturday, Okpebholo’s Chief Press Secretary, Fred Itua, said in a well-orchestrated plot hatched by the PDP, in connivance with Chidoka, tried to bully and blackmail the judiciary into circumventing the will of Edo people.

He said the shameful display on Channels Television’s Politics Today reeled out numbers purchased from ‘Oluwole market,’ and impetuously concluded that the 21st September governorship election in Edo State was rigged.

In a swift reaction to Okpebholo’s comments, Obaseki’s Media Adviser, Crusoe Osagie, in a statement to Naija News, said the program on Channels TV showed overwhelming evidence and data exposing the systemic rigging and brazen subversion of the people’s will during the September 21 governorship election.

According to the former governor’s aide, the show must have been a difficult 30 minutes for even the most vile criminal.

He said the analysis revealed a widespread manipulation and substantial interference in the electoral process by the umpire, noting that the APC who is party to the robbery would rather the findings be dismissed, distorted, or buried under a barrage of propaganda and baseless accusations.

His statement read: “The independent analysis by the Athena Centre for Policy and Leadership, a non-partisan research institute, of the sham of an election that installed Monday Okpebholo as governor of Edo State clearly threw the governor-select and his godfathers into a frenzy yesterday.

“Channels TV, in their show, Politics Today, had the mindless and unprecedented transgressions of the Independent National Electoral Commission (INEC) and their conspirators, the Edo All Progressives Congress (APC) laid bare. The show must have been a difficult 30 minutes for even the most vile criminal.

“Taunted by overwhelming evidence and data exposing the systemic rigging and brazen subversion of the people’s will during the September 21 governorship election, the APC, rather than covering their faces in shame, resorted to smear campaign, lies and propaganda, in a last-ditch effort to distract from the daylight robbery, and undermine the integrity of revered institutions advocating for the judiciary to right the wrong of the electoral umpire and their conspirators.

“The independent analysis broadcast yesterday is the outcome of a forensic examination of data and documents made available to the research institute by the Independent National Electoral Commission (INEC). It revealed a widespread manipulation and substantial interference in the electoral process by the umpire. But the APC who is party to the robbery would rather the findings be dismissed, distorted, or buried under a barrage of propaganda and baseless accusations.

“Among other things, the centre uncovered shocking discrepancies in the election results, showing that INEC inflated the number of accredited voters by over 100,000 in 798 polling units. They also discovered that polling officers recorded 580,000 accredited voters, yet INEC’s backend mysteriously produced 687,000, which further buttressed the evidence that it deliberately tampered with the election.

“There were also glaring inconsistencies between INEC’s certified results and the data uploaded to its Result Viewing Portal (IReV). Specifically, the forensic analysis revealed that results of the Peoples Democratic Party (PDP) were slashed by 11,665 votes during collation, while 32,284 votes were illegally added to APC’s tally, showing the brazen manipulation and fraud perpetrated against the people of Edo State during the last governorship election.

“Unsurprisingly, as a party of electoral fraudsters, the APC would prefer that this fraud on a massive scale is upheld and normalized, seeking desperately to silence voices of dissent and attacking any institution or individual who dares to speak out against this barefaced theft of the people’s mandate.

“In their desperate quest for power at all costs, the APC has continued to undermine democratic processes, distort the truth, and manipulate the system to have a grip on power. This shows what the APC really represents – a party that values personal and political gain over the interest and will of the people, willing to subvert justice and erode the very foundations of democracy to achieve their selfish objectives.

“While we sympathize with the APC over their trauma from the public exposure of their electoral fraud in Edo State by the Athena Centre, we want to restate that we will not be distracted in our resolve to reclaim the mandate duly given by the good people of Edo State. We trust in the impartiality of the judiciary and are confident that they will rise above the distractions and intimidation tactics of the APC, ensuring that justice is served and the will of the people prevails.”

[NaijaNews]

Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr Taiwo Oyedele was at the House of Representatives to brief federal lawmakers on the need to pass the bills on tax reforms arguing that majority of Nigerians stand to gain from the proposed new system of tax administration.

Mr President set up the Presidential Fiscal Policy and Tax Reforms Committee in August, 2023 with three very clear mandates. The first one is on fiscal governance.

For this committee to look at our nation’s finances, revenue, how we spend our money, our borrowing, the terms of those borrowing, and how we coordinate policies amongst fiscal, monetary, and trade, not only at the federal government level alone, but also across sub-nationals so that one level of government is not pulling to the right and another one is pulling to the left, bearing in mind that at the end of the day, governance at all levels is about our people.

The second mandate is revenue transformation. How do we change the narrative for our country? And that includes taxation. That includes government assets. That includes government-owned enterprises. We want NFPs to give us tens of billions of dollars in profit, dividend every year, as well as natural resources, oil and gas, and solid minerals.

The last mandate is economic growth and competitiveness. We are given the mandate to look very closely at why is it that our businesses are struggling? Why is it that Nigeria today does not have like 50 multinational companies that are headquartered in Nigeria? That even when you are not selling crude oil, they are bringing money back home. We have a company in the world today, one of the largest companies, that their turnover alone is more than Nigeria’s GDP multiplied by two.

That’s one company. So why is it difficult for our small businesses to survive beyond five years? Why are they not growing? So those issues, why is it difficult for exporters to export? We spoke to people exporting and they said they have to go through more than 22 permits, approvals, clearance. That takes about two months and they have to pay for every single one of that.

By the time you are done, if you are lucky, your product is still fit for export. In putting the committee together, we’re very, very deliberate in ensuring that the committee is representative. We have over 80 members of eminent, qualified, experienced and patriotic Nigerians from all the geopolitical zones.

We have good representation of women and youths. We had 45 undergraduates from 22 universities across Nigeria working with us at the secretariat and they attend our meetings because we also want to get the views of the young people. We have over 20 government institutions represented.

Level of consultation

We have the organised private sector represented including trade associations, manufacturers, chambers of commerce, small businesses, professional bodies, large and small accounting firms and the civil society. In doing our work, we were very clear that it has to be national interest first, national interest next, national interest at all times. We said to ourselves that if we have a Nigeria that is working, everybody will find a space within a Nigeria that is working.

We were very, very particular about using data. Every single recommendation we have in those four views are driven by data. There was nothing we’re recommending that is emotional.

When we have meetings with our stakeholders, we say to them, give us data because it’s by using data that we can look back many years from now and say we did the best for our country. We also ensure that we have a clear philosophy for our tax system, which is that our tax system must be modern, it must be simple and it must be dynamic. It must enable growth and make Nigeria competitive.

If it cannot grow, it doesn’t matter what you want to do with revenue. Revenue cannot come because people cannot give what they don’t have. We came up with what we call the socioeconomic equation that says revenue and taxes are the consequences of economic activities.

Without economic activities, there can be no revenue. And where revenues have been collected, why are they collected? So that they can improve the lives, livelihood and the well-being of the people. That is the equation.

In our view, any policy we have, whether it’s tax policy, fiscal policy, trade policy, monetary policy, if they distort economic activities, those policies are not good enough. If they undermine the well-being of our people, those policies are also not good enough because we exist as a society for the interests of our people. So, with this background in mind, we did a lot of consultations and engagements.

Private sector: We had more than 40 sector groups. We met with them, individual sector per time. From farmers to small business owners to Nigerians with disabilities, to Nigerians in the Diaspora, to large businesses, to professional associations, FinTech, and the list goes on and on.

We also had public engagements with sub-nationals, finance commissioners, head of Internal Revenue Services under the Joint Task Force platform. We had meetings with the Governor’s Forum. We had meetings with the National Economic Council. We had meetings also with the National Assembly. We were privileged to be invited by the People’s House.

Even though it was a short interaction, but we had the opportunity to engage. We had a more elaborate engagement with the Senate. We had a two-day retreat as part of these processes.We’ve had meetings with many ministries and agencies that I cannot count. We’ve also had a lot of interactions with the international community, trying to learn from other countries, trying to learn from the books. We are trying to learn from ourselves.

Why past efforts failed

What is it that we have tried in the past that hasn’t worked? Why did it not work? What is it that we tried that worked? Because sometimes we don’t celebrate ourselves when we have done the right thing, we lose sight of them. We receive a lot of support from the international community, including the United Nations Development Program, African Development Bank, and so on and so forth.

We conducted surveys, and we asked for submissions from Nigerians. We were pleasantly surprised that we received submissions from every single state in Nigeria. We were not even expecting it.

There was no state in Nigeria where we did not get submissions from people. For this, we are grateful to the Nigerian people for the trust that they have in the work of the committee. Of course, we have a dedicated website, social media accounts, and we engage through the press, radio, TV, and other platforms.

But we know these engagements are never enough, so we are always very happy for the opportunity for further engagement. So, what did we find out from the work that we’re doing? Like Mr Speaker said, and also the Deputy Speaker, what are the mischief we are trying to correct? You don’t need to fix something if it’s not broken. In doing our work, we did a lot of findings.

The first one, I’ll just put it bluntly, Nigeria is running on a low budget. For 2024, the budget of the federal government including the amendment to the Appropriation Act that added about 6.2 trillion, it came up to about 35 trillion Naira. (21:59) For all the states combined, it was 15.9 trillion.

When you add up the entire budget for Nigeria, it comes to 51.1 trillion if you convert it to US dollars. It was only $32 billion for 2024. These $32 billion is the equivalent of the budget of Kenya.

Kenya has 54 million people, plenty of poor people as well. It is less than one quarter of the budget of South Africa. South Africa’s budget for 2024 is the equivalent of $130 billion.

South Africa has a little over 60 million people. How is it that Nigeria with all the potentials we have, with all the knowledge and the experience and human capital that God has blessed us with, how is it that we’re over 200 million people and our budget is barely the size of Kenya? That budget, if you dedicate it to just transportation infrastructure alone, roads, rail, flying, it will not be enough. If you do nothing else, that budget will not be enough.

The narrative for our country cannot be changed by increasing that amount by 5% or 10%. The base is just too small. It cannot fund our development.

The next slide shows our major revenue sources as a country, and there are eight of them. The eight major revenue sources for us as a country is personal income tax. The second one is property tax. The third one is stamp duties. The next one is value-added tax. And the next one is land.

These first five are mostly controlled by the states. And then now you have three that are shared amongst federal, state, and local governments. It’s corporate income tax, custom duties, and petroleum and solid minerals revenues. These are the eight major sources of revenue for our country. The sad news, or the bad news is that every single one of those eight is significantly underperforming. The good news is that every single one of those eight presents an opportunity for our country to change the narrative.

I just told you that our budget is small. What is even smaller is our revenue. On this next slide, the entire revenue that we generated from tax in 2023, because 2024 has not ended, so we are not done with the numbers yet, so we decided to use 2023 and it was only about N17.9 trillion.

Comparison with other countries  

If you convert this to dollar, it’s less than $20 billion, so which means that our small budget is even financed by borrowing. We can’t even raise enough revenue to finance a small budget. If you look at the breakdown of our major taxes, let me start with personal income tax.

In 2023, Nigeria, the whole 36 states, plus the FCT, collected 1.5 trillion Naira in personal income tax. In that same year, South Africa collected about 50.5 trillion naira equivalent in personal income tax alone. What South Africa collected from personal income tax alone is more than our entire revenue as a federation multiplied by two.

Even Kenya, that is a very small country compared to Nigeria, with a lot of poor people, I will continue to repeat that, they collected 5.8 trillion naira equivalent from personal income tax alone, almost four times what Nigeria collected, even though our population is four times their own population. I will not bore you with the other details because of our time, but I’ll just mention one more, and that’s to do with customs. In 2023, Nigeria collected 3.2 trillion naira from Customs.

In that same year, Kenya collected 8.9 trillion naira equivalent, almost three times. When we looked at the value of what Nigeria imported and the value of what Kenya imported, Kenya imported $23 billion worth of items. Nigeria imported $66 billion worth of items.

We imported almost three times what Kenya imported and collected about one-third of what Kenya collected. Something is not adding up, and those problems, we must fix them if we must make progress as a country. We know that the Nigeria Customs Service is doing its best.

We can do better

We are just seeing that we can do more and we can do better. Some of these issues are not isolated to any agencies. They are issues to do with the system and how the system can work. One other very important study I need to share with you, Your Excellencies, is we conducted a study about national tax perception and tax morale, and this was done by the Nigeria Economy Summit Group. I had the privilege to lead the round table that did the study. We were asking Nigerians whether they would like to pay their taxes and whether they think those who don’t pay their taxes should be punished.

We were alarmed at the result that we got. Only 17% of Nigerian adults, believed that they should pay their taxes and that evasion is wrong and punishable. 83% of Nigerians would do anything but pay their taxes.

When we asked them why, they said, number one, that they do not trust governments. Number two, they said even the little that they have paid, what are they getting in return? Many of them said after paying the taxes, they have to take care of everything government is supposed to take care of. Number three reason they gave is that even when they want to pay the tax, the process is complex and is corrupt.

Two in three adults said they were asked to pay a bribe in the process of wanting to pay their taxes. Bear in mind that this study covers all levels of government, so we’re not pointing fingers at anyone. We’re just being honest with ourselves because recognising the problems we have and acknowledging them is 50% of finding the solutions.

When we ask these Nigerian people, what can government do to make you change your mind and start paying your taxes. They want transparency so they can trust governments. And they said in terms of what government should spend money on, that the government should prioritise spending on number one, education; number two, health; number three, electricity; number four, security. Look at what Nigerians told us, four things.

Those four things align perfectly with the multidimensional poverty index. So, there’s perfect consistency as to what is putting our people into poverty and where they want government to spend money. Our view is that if government at any level, local, state, federal, is not prioritising spending in these four areas, then we have the wrong priorities. If we place our people first, these must be our priorities.

 [DailyTrust]

The Deputy President of the Senate, Senator Barau Jibrin has explained why the upper legislative chamber allowed the controversial tax reform bills to pass for second reading.

Jibrin, in an interview with BBC Hausa, said it was to allow experts and all Nigerians to provide their input on the bills.

Recall that President Bola Tinubu had transmitted four tax reform bills to the National Assembly for consideration last month.

The move generated controversy with the northern governors and other stakeholders kicking against the tax reforms.

However, the Red Chamber on Thursday passed the four tax bills for second reading through voice votes.

Speaking to BBC Hausa Service on Friday, the Deputy Senate President said the senators passed the tax reform bills to give room for contributions from experts and Nigerians.

[DailyPost]

Nigeria has raised alarm over Africa’s rising debt refinancing needs, costly access to liquidity, and limited access to global capital markets for emerging economies. 

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who was represented by Mrs Aisha Omar, Director Special Projects at the Federal Ministry of Finance, raised the alarm during the 5th African Union Extraordinary Session of the Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning, and Integration held in Abuja on Saturday.

Edun stated that Africa’s public debt profile has significantly worsened over the years, becoming increasingly short-term and less consensual. 

“The debt service burden has escalated, increasing financing risks. Since 2011, the average maturity of Africa’s external debt has declined from nearly 23 years to around 17 years in 2022,” he said.

The minister called on African countries to collaborate in reshaping their economies to reduce dependence on foreign aid. 

“It is important for Africans to work collectively in a more coordinated manner to shape our economies so that we will not rely on aid from international partners. Only through collective endeavours can we navigate the challenging times ahead,” he stated.

Edun praised the work of African experts in harmonizing divergent interests to create a unified resolution. 

He urged ministers and central bank governors to encourage political leaders to adopt these resolutions during the February 2025 African Union Heads of State Assembly. 

“Nigeria remains eternally grateful to our experts for their efforts. I urge all ministers and governors to invite our political leaders to endorse these resolutions at the next Heads of Government Assembly,” he added.

Edun reiterated Nigeria’s readiness to host the African Monetary Institute, a precursor to the operationalization of the African Central Bank. 

He expressed confidence in Nigeria’s role in advancing Agenda 2063, the African Union’s strategic framework for socio-economic transformation.

Central Bank of Nigeria (CBN) Governor Olayemi Cardoso echoed this sentiment, emphasizing Nigeria’s fiscal and economic reforms. 

“The removal of fuel subsidies has created fiscal space for strategic investments. Targeted policies to enhance diaspora remittances have also improved our external reserves,” Cardoso noted. 

He expressed optimism that the outcomes of the session would guide the February 2025 Assembly towards aligning regional aspirations with the Abuja Treaty and Agenda 2063.

Prof. Kevin Urama of the African Development Bank (AfDB) pointed out the dire implications of Africa’s rising debt. 

“Africa’s public debt has surged by 170 percent since 2010, exacerbated by structural global debt architecture issues, recent global shocks, and weaknesses in our macroeconomic fundamentals,” Urama said.

He noted that the shift towards privately owned debt, which is projected to account for 54 percent of Africa’s total debt by the end of 2024, has increased borrowing costs. 

“Africa pays 500 percent more in interest costs when borrowing from international capital markets compared to borrowing from multilateral development banks like the AfDB,” he explained.

Urama also revealed the paradox of debt and development financing in Africa. 

“While debt sustainability risks are growing, high-cost, short-term debt options are creating sustainability challenges. This year alone, Africa is expected to spend $74 billion on debt refinancing, with annual costs projected at $10 billion from 2025 onwards,” he said.

He added that Africa’s financing challenges are compounded by declining foreign direct investment (FDI) and portfolio flows. 

Urama stated that FDI fell by 44 percent in 2022, while net portfolio flows dropped by 17 percent. 

“Only remittances remained resilient, rising by 2 percent in 2022. These trends underline the paradox of debt and development financing in Africa,” he said.

Urama warned that without urgent interventions, Africa risks further distress. 

“In February 2024, 20 African countries were already in or at high risk of debt distress. The rising cost of debt is diverting resources away from critical development needs,” he concluded.

As African finance ministers and central bank governors deliberate on these pressing issues, the call for collective action resonates strongly. 

The resolutions adopted at the session are expected to set a transformative agenda for Africa’s economic future.

[TheNation]

Ekiti State Governor, Mr Biodun Oyebanji, has expressed concern over the messages politicians send to him expressing worries over his reelection in 2026.

Oyebanji, who stressed that he would not lose sleep over the election said that he was not worried over agitations ahead of the 2026 governorship election in the state, and advised politicians to stop sending him such text messages as he was committed to good governance and fulfilling his electoral promises.

Oyebanji spoke in Ado Ekiti on Friday night at the monthly Evening of Praise and Worship at the Jibowu Hall, Government House Ground.

The governor said, “My belief is that God’s plan supersedes any human agenda. I will not lose sleep over the development as God is in control,” adding that his political future is in the hands of God who has never failed him.

“What God does not give a man, he cannot have it and when God makes up his mind, nobody can stop him. So, I am just saying this so that you can stop sending me text messages expressing anxieties about 2026″, Oyebanji added.

He expressed confidence in God’s ability to work out things in his favour, maintaining that God who did it for him in 2022,  would do it again in 2026.

Oyebanji, who attributed the significant progress that his administration recorded across critical sectors in the state to divine intervention despite the economic realities, said, “My focus remains on delivering good governance and fulfilling the promises I made to Ekiti people.

“God is in charge of everything including the 2026 that many people are anxious about. He will take care of everything. For now, let us concentrate on the work that has been given to us and let us do it very well.

“For those that are worried about 2026, sending me text messages every day, don’t bother yourselves. God that did the last one will do it again. Don’t bother yourselves. Some complain that I am not a politician and that I don’t understand politics. I am not bothered about this, nothing is going to stop my peace because I serve the God of peace,” the governor said.

[Punch]

By the time you are reading this, the final event at the second African Military Games will be taking place. Soldier-athletes from the over-20 African countries that finally participated will be preparing to return home after the closing ceremonies today that will bring down the curtains on a very successful AMGA 2014.

When the games began on November 18, 2024, only few could have envisaged the level of success it finally attained.It has been 22 years since the first Games were held, indicating the challenges inherent with hosting. It is not a stroll in the park. It takes courage, resources, determination, commitment and a clear vision.

When the games began on November 18, 2024, only few could have envisaged the level of success it finally attained.

It has been 22 years since the first Games were held, indicating the challenges inherent with hosting. It is not a stroll in the park. It takes courage, resources, determination, commitment and a clear vision.

Since COJA in 2003, the concept of hosting any such continental event is greeted with a stonewall of objections. COJA 2003 was a disaster, the story of squander-mania and financial brigandage, obscene scandals and blatant recklessness, all unmatched in Nigerian sports history.
It is the story of how some persons enriched themselves and impoverished sports and sports development. Their misadventure left carcasses everywhere. The Games Village was sold to cronies, not sports heroes that needed and deserved it. The stadium complex became a shameful White-elephant project that should have been a national monument in the heart of one of the the most idyllic and beautiful capital cities in Africa, but became a dead zone, a beautiful flower idling and wasting away in a desert place.

The entire shenanigans of COJA confronts Nigerians every time they drive into the city of Abuja from the airport – an accursed edifice that could have been the City’s number One tourist destination, a social, cultural, business and entertainment hub that will not sleep 27 hours every day and eight days a week, but is rather under the spell and stranglehold of an ugly, cursed past.

This week, there are signs that things may be about to change. At least the opportunity is here now, presented by the seeds of AMGA 2024.He surely did not set out to be a Hero of AMGA 2024, but circumstances have now thrown him up as the champion of a new dawn in the checkered story of Nigerian Sports.

The story of the MKO Abiola National Stadium, Abuja, may be changed through the man’s singular decision to dare where angels fear, to host the military Games at the MKO Abiola National Stadium.

General Christopher Gwabin Musa, OFR, the Chief of Defence Staff of the Nigerian Armed Forces, must have seen what few others did not in choosing to undertake what no one had dared to do in two decades. His being a product of a well-established sports tradition and grounded in basketball and volleyball as a national player, must played a big role in his courage to host the African Military Olympics in Abuja at a period that several regional and even continental security crisis are everywhere.

He may not have anticipated it, but the success of the Games is resounding. AMGA 2024 was a superb management of little resources, prudent management and great organization.

The product is a first class event with many take-aways for sports development into the future in Nigeria. To have organised at all at the national stadium confirms the saying that in sport ‘impossible is nothing. Once you can dream it and believe it, you can achieve it.’

AMGA 2024 is a testament to the vision, courage and hard work of the military leadership under General Christopher Musa. With the support of the Minister of the Federal Capital City, the host city, within two months the damaged facilities and basic utilities in one of the most modern stadiums in Africa were restored for usage. It is a miracle.No one could have envisioned the final outcome of the games. Here we are after 12 days of AMGA 2024. The verdict is here for all to see. There is physical and spiritual revival of the MKO Abiola Stadium with the success of the Games.

Two weeks of sports action has fired the imagination into a new possibility, and brought life back to sports in the military, to the place of the military in Nigerian sports architecture, to the fate of the national stadium, and to rekindling of hope for sports development.I commend the leadership of the Nigerian Military under General Christopher Musa.The organisation of the Games was almost flawless, a clear demonstration of the invaluable traditions of the military in sports organization and development.Has AMGA 2024 been a perfect Games? Far from it, but it was close to it in the harvest of the envisaged dividends for hosting it.The Federal Government must now take lessons from it, examine what the military authorities did right, borrow from it, consider very quickly what to do in the short term to sustain the traffic of the public into the sports complex, and open up the beauty and viability of the environment to private sector investors in leisure, culture, entertainment and the arts.I join all Nigerians in celebrating the success of AMGA 2024, and in congratulating the Chief of Defense Staff, the Minister of the Federal Capital Territory, the Chairman of the Local Organising Committee and his team of officials, the entire Nigerian military for presenting Africa with a ‘Games’ that has all-round ‘success’ written all over it.Thank you General Christopher Gwabin Musa OFR.

Former Head of State, Gen. Yakubu Gowon (rtd), said he pleaded with late Gen. Sani Abacha not to execute former President Olusegun Obasanjo for an alleged coup plot in 1995. 

Gowon said this at the maiden edition of the Interdenominational Unity Christmas Carol and Praise Festival organised by the Plateau Government.

Recall that Obasanjo was arrested in 1995 by Abacha and convicted of being part of a planned coup to overthrow his government. 

Obasanjo, in spite of pleading innocent to the coup, was sentenced to death.

He spent three years in prison before he was released in 1998 following the death of Gen. Abacha on June 8 of that year.

‘I sent my wife to Abacha’

While Gowon was the Special Guest of Honour at the event, Obasanjo was the Guest of Honour.

“I wrote a letter to Abacha; I pleaded with him that God made him a leader to do good and not evil.

“I sent my wife with the letter in the middle of the night to Abacha in Abuja; I pleaded with him that such a thing should not happen.

“I’m glad that soon after that, things changed. And not only that Obasanjo left prison, he became our president in 1999.

“This is something that only prayers and sincerity can do. I’m happy that today myself and Obasanjo are here to celebrate the unity of Plateau,” he said.

Gowon also thanked the state government for organising the carol, adding that it would further unite the citizens of the state.

The former head of state said that the state had gone through a myriad of security challenges; hence, the carol provided a suitable avenue for the people to commune. 

He commended Governor Caleb Mutfwang for the various initiatives aimed at promoting peaceful coexistence among the people.

[Vanguard]

A federal high court in Lagos has dismissed a fundamental rights suit filed by crossdresser Bobrisky against the Economic and Financial Crimes Commission (EFCC) and the national assembly.

Bobrisky had filed the lawsuit seeking N200 million in damages from the EFCC for alleged “psychotic trauma” and N1 billion from the national assembly for purportedly violating his right to a fair hearing.

She also requested a court order to prevent the EFCC and the national assembly from “harassing, detaining, or declaring me wanted”.

However, on November 28, Alexander Owoeye, the judge who presided over the case, held that Bobrisky’s claims were unsubstantiated and lacked credible evidence.

Owoeye said the applicant failed to provide sufficient proof to support his allegations of rights violations.

Dele Oyewale, the EFCC spokesman, released a statement on Friday wherein he quoted the judge.

“Having evaluated the evidence placed before this Court by the Applicant, it is evident that the Applicant has failed to provide credible evidence to justify the award of the declaratory and injunctive reliefs sought by him,” Owoeye was quoted to have said.

“I hold that the claims of violation of fundamental rights against the 1st and 2nd Respondents were not made out of the affidavit evidence placed before this Court.

“The Applicant’s claims against the EFCC and National Assembly were found to lack merit, and are hereby dismissed. No damages were awarded.”

BACKGROUND

The crossdresser has been in the eye of the storm since activist VeryDarkMan shared a purported audio conversation wherein she claimed that she paid some EFCC officials N15 million to drop money laundering charges against her.

Bobrisky was released on August 5, after she was sentenced to six months in prison on April 12 for abusing the naira.

In the purported recording, the crossdresser also claimed that her “godfather”, alongside Haliru Nababa, controller-general of the Nigerian Correctional Service (NCoS), ensured she served the six-month sentence in a private apartment and not in prison.

The house of representatives joint committee on financial crimes and reformatory institutions resolved to probe the bribery allegation. It also invited VeryDarkMan, Bobrisky, Ola Olukoyode, EFCC chairman; and Nababa to appear before the committee.

The social media celebrity, who failed to appear before the committee, was arrested on October 21 at the Seme border for allegedly attempting to flee the country.

On November 1, the crossdresser was re-arrested by EFCC officials while attempting to leave Nigeria. A video shared on Instagram showed airport officials dragging her off the plane.

The commission also confirmed that she was rearrested to assist in investigating bribery allegations against the agency after which she finally travelled out of Nigeria on November 4.

[TheCable]

Aba Power Electric Ltd, Nigeria’s newest electricity distribution company, is working towards obtaining more natural gas supplies from its partners to increase electricity to nine of the 17 local government areas (LGAs) in Abia State it services as the Transmission Company of Nigeria (TCN) starts the regular services of the Alaoji-Aba 132kv line.

A statement this morning by Ugo Opiegbe, the managing director of Aba Power, explained that “a team of dedicated and competent TCN engineers and technicians is scheduled to service the line from December 1 to 7 to ensure regular and quality bulk power supply to the Aba Ringfenced Area managed by Aba Power, Nigeria’s 12^th distribution company (DisCo).

“We have, therefore, been in talks with the NNPCL and Heirs Energies to increase gas supply to the 188-megawatt Geometric Power Plant in the Osisoma Industrial Layout in Aba to enable us to provide electricity to the people, businesses, and communities in the nine LGAs we cover, and they have pledged to do their best to give us increased gas”.

The NNPCL and Heirs Energies own Oil Mining Lease (OML) 17 in the Owaza community in Ukwa West LGA in Abia State as a joint venture, with Heirs Energies as the operator.

Geometric Power gets its gas from the 27-kilometre gas pipeline it built to the OML, according to Engineer Cliff Eneh, an electric power consultant in Lagos who used to work for both the Texas Power and Light company in the United States and the defunct National Electric Power of Nigeria (NEPA).

“Due to the insufficient gas supplies to the Geometric Power Plant”, Eneh told journalists today, “the electricity firm has been augmenting its own power generation with supplies from the Niger Delta Power Holding Company (NDPHC) which uses TCN’s 133kv and 330kv lines to make them available to the Geometric Power Plant.

“This is why Aba residents and businesses might be affected by the scheduled one-week maintenance work on the Line, though Geometric Power has taken proactive steps to either minimize the impact on the customers or reduce it to the barest minimum”.

While commending the cooperation between Geometric Power and the TCN as well as the NDPHC, Engr Eneh noted that the planned TCN shutdown would not have any impact on the Aba Ringfence if there were sufficient gas supplies to the 188MW plant.

People in the Aba Ringfence, recalled the engineer, did not experience outages when there was a series of nationwide outages in October and November 2024 because there was a significant gas supply improvement to the area during this period by the NNPCL and Heirs Energies.

“Not only would the plant have started to provide full and uninterrupted electricity to all the nine LGAs under its coverage since commissioning last February 26,” said the power expert, “it would have been exporting power to the national grid to increase power availability in other parts of Nigeria since it already has installed three turbines of 47MW each, with the fourth to be installed anytime the gas issue is resolved.

“The whole nation is waiting anxiously to see the NNPCL and Heirs Energies deliver on their promise to increase natural gas supply to the Geometric Power Plant which will, in turn, provide electricity to Aba Power Electricity Ltd.