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Exposed: How newly elected Taraba State Governor secretly took N200b loan from six banks to recoup election expenses

by Leading Reporters August 10, 2023
written by Leading Reporters

The newly elected Taraba State governor Emmanuel Bwacha has reportedly taken N200b loan from six commercial banks, in less than three months after he was sworn in, secret information availed LeadingReporters has revealed.

The governor who was elected under the platform of the ruling party All Progressive Congress APC in the last governorship election was said to have secretly taken the loan, in connivance with some State House of Assembly members.

The loan, the source said, was primarily to recoup monies spent during the last election and to settle some party and personal associates who made huge monetary contributions towards his emergence as the State governor.

The Governor was said to have approached some of the six bank executives and requested for the fund while assuring them that availing him of the funds will put them in the good books of the government under his watch.

The source said that the loan has already been drawn up and expended, thereby increasing the debt portfolio of the state.

“The governor’s action is quite insensitive to the plight of the impoverished citizens of Taraba. How could a governor who was just elected mobilize for as much as N200b just to carter for his election expenses without putting into consideration the effect of such loans on the state’s purse? The source quizzed.

All efforts to get the governor’s official response to the allegations were not successful as at the time of filing this report.

August 10, 2023 0 comments
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Exposed: How Ribadu’s Report on El-Rufai’s 2017 presidential plans halts El-Rufai’s ministerial chances Leading Reporters
ExclusivesHeadlinesInvestigation

El-Rufia ministerial chances ruined as Ribadu leaked his 2027 Presidential Ambition

by Leading Reporters August 9, 2023
written by Leading Reporters

The immediate governor of Kaduna State, Mallam Nasir El-Rufai is having a tough time convincing President Ahmed Bola Tinubu and Tinubu’s associates that he was coming to serve rather than to scheme.  This follows an intel detailing how El-Rufai is planning to unsettle President Ahmed Bola’s Tinubu government by drumming tribal and religious sentiments that may pit the North against President Tinubu.

The alleged report was said to contain detailed El-Rufai’s secret activities which may negatively affect President Tinubu adversely if allowed to fester. The plan was to de-market Tinubu in the North should he plan to run for a second term. Part of El-Rufai’s plan, according to the source is to unleash tarnishing content against the president using second parties, all in a bid to cause disaffection and thus pave way for El-Rufai’s presidential ambition come 2027.

A discreet source said that Tinubu was flabbergasted at such devious schemes after El-Rufai has severally assured him of his support.

The source said that El-Rufai felt it was easier to spoil from within by serving under President Tinubu.  He was said to have desperately desired to be appointed Chief of Staff to the President or Secretary to the Government of the Federation under Tinubu where he would stay and plan the President’s political downfall. 

“He believes that being in the inner circle of the President’s kitchen cabinet would give him ample opportunity to understand the plans and directions of Bola Ahmed Tinubu’s government, and thus plan counter strategies that would see his personal ambition materializing.

El-Rufai was said to have mobilized some religious hardliners who would in turn begin to stir religious sentiments that would make President Ahmed Tinubu look like a less-serious Muslim.

“He has perennially leaned towards religious sentiments and tribal bigotry as a way of self-marketing his political plans.  He understands how to unsettle a system using the sentiments of religion and he has marshalled out his strategy to unleash religious threats that may see Tinubu as a weak Muslim in the eyes of the North.  Such plans include sponsoring activities that would see the North branding Southwestern Muslims as weak Muslims.  He intends to weaponize that strategy”.  The source said.

August 9, 2023 0 comments
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Headlines

Breaking: Wike’s Ministerial Portfolio Unveiled

by Leading Reporters August 9, 2023
written by Leading Reporters

There are strong indications that President Bola Ahmed Tinubu has settled for Nyesom Wike as the next
Minister of Works, according to a reliable Villa source who spoke to LeadingReporters on condition of
anonymity. The President is currently having a close-door meeting with Nyesom Wike.


The source further hinted that the President has approved that the Ministry of Works and Housing,
which has hitherto existed as one ministry be split into two ministries, namely – the Ministry of Works
and the Ministry of Housing.


“The necessary legal and legislative frameworks have been put in place to ensure this happens”.
Recall that Nyesom Wike, the immediate past governor of Rivers State was reputed to be one of the
governors with the highest investment in infrastructure, mostly roads and bridges. Nyesom Wike
delivered more than 900km of roads within Rivers State with massive state-of-the-art bridges.


His exceptional performance in infrastructural development endeared him to most Nigerians. Even
those in the opposition visited, commissioned, and praised him for his uncommon performances in
infrastructural development.


President Bola Tinubu was said to have settled for Works for Wike, against other propositions put
forward by his associates. He was said to have told his associates that it was better to put Wike where
he proved his competence and capabilities.


Wike, who is a member of the People Democratic Party fell out with his party soon after the Party
National Convention that saw former Vice President, Alhaji Atiku Abubakar emerging as the party’s
presidential candidate. Atiku lost the election and petitioned the Presidential Election Tribunal

August 9, 2023 0 comments
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Headlines

Niger Coup: France’s alleged wrongdoings

by Leading Reporters August 9, 2023
written by Leading Reporters
VIDEO: Niger Coup: France’s alleged wrongdoings

Italy Prime Minister Giorgia Meloni Goes Viral Again After Niger Coup – Of all the former colonial empires, France appears to notably retain significant influence over its former colonies. Presently, the inhabitants of African nations once ruled by France are taking a stance against their former colonizers, seeking complete independence from them.

The question arises: what actions or ongoing practices by France have led to this widespread resentment? Italian Prime Minister Giorgia Meloni has long been shedding light on France’s alleged wrongdoings, and following the Niger coup, some of her statements have gained considerable attention. Prime Minister Giorgia Meloni has consistently expressed her concerns regarding the mistreatment of Africans by France.

She has consistently criticized France for its perceived exploitation of the resources within African nations. According to her assertions, France benefits disproportionately from African resources compared to the local populations. Meloni contends that addressing the issue of illegal immigration necessitates putting an end to the exploitation of Africans and allowing them to break free from these exploitative practices.

August 9, 2023 0 comments
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BusinessHeadlines

EVP Gas at NNPCL foresees revenue surge through gas commercialization in Nigeria 

by Leading Reporters August 8, 2023
written by Leading Reporters

Mohammed Ahmed, the Executive Vice President of Gas, Power and New Energy at the Nigerian National Petroleum Company Limited (NNPCL) has said that upcoming gas projects in the country will generate a lot of revenue for the government through taxes and royalties. 

He said this in an interview last week during the NNPCL program; Energy and You, airing weekly on the Nigerian Television Authority (NTA) Network. 

According to him, Nigeria is aiming for gas commercialization through various projects that will see the populace making use of gas for industrialization, cooking and auto use, as opposed to flaring it. 

He said the NNPCL is working to ensure that those who produce the gas will have visibility as to the revenue they will get from their investments and customers will also be sure that once they begin to use gas, there is affordability and sustainability.    

He said: 

  • “The gas, power and new energy directorate in the Nigerian National Petroleum Company Limited’s basic objective is to ensure the commercialization of our gas assets across the country and this is not only for the domestic market but for exports. 
  • “In doing that we also have the new energy attached to it, we look at renewables and hydrogen, and all these come together to form what we call the energy transition mix.  
  • “Our focus is to ensure that there is gas availability, sustainability and affordability across the country.”  

According to him, there are various projects that are expanding the horizon of gas supply in the country, through functioning infrastructure that will take more gas into the domestic market.  

He said: 

  • “The Ajaokuta-Kaduna-Kano (AKK) gas pipeline corridor for instance has three major power plants, the minimum of which is 900 megawatts (MW), these power plants are aimed at sucking up available gas, putting it into use and generating power. 
  • “This will go a long way to ensuring that industries and factories that are facing the challenge of energy availability, will be happy to suck up the energy from these power plants.”  

He also spoke about upcoming gas projects like the Assa North Ohaji gas project.

He said that the project has the capacity to produce Liquefied Petroleum Gas (LPG), thereby making firewood as cooking fuel a thing of the past in the country.  

He also said that the project will help to further commercialize the gas that is available in the domestic market. Note that in its latest clean cooking report, the International Energy Agency (IEA) stated that LPG as a cooking fuel in Africa has gained some ground in countries like Kenya, and Nigeria.  

However, a lack of natural gas storage and distribution systems in many urban areas in Africa, makes LPG a lower-cost solution than building new pipelines.    

During the interview, Mr. Ahmed said that the NNPCL has received several requests from developed and developing countries who wish to collaborate with NNPCL, to produce liquefied natural gas (LNG) in Nigeria. 

This is because Nigeria Liquefied Natural Gas Limited is incapable of converting all the country’s gas into LNG.  

According to him, several gas projects will help transition Nigeria from a petrol-dependent country to a gas-dependent country. 

Note that this has been the aim of the government from the administration of former president Muhammadu Buhari who signed off on the decade of gas initiative in 2021.  

August 8, 2023 0 comments
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Housing is a very important issue in Nigeria Leading Reporters
Headlines

Housing is a very important issue in Nigeria

by Leading Reporters August 4, 2023
written by Leading Reporters

The proverb that a man is bathing in a river yet having soap in his eyes can’t be truer than in the case of the Nigerian housing challenge. This challenge has remained intractable in spite of the various conscious efforts made by successive Nigerian governments to rein in the monster of homelessness that has plagued the Nation.

Housing is a very critical issue in Nigeria which should command instant attention. Nigeria, a country of over 170 million people, with a huge percentage in the slums, while others are totally homeless, has obviously remained helpless in dealing with the problem

Walking through the streets of Lagos, Abuja, Port Harcourt, Aba and so forth, one is confronted with the eye sore of sham buildings, squatter settlements and other kinds of uninhabitable places, indicative of the fact that either there is no government or that the government is not concerned with the welfare of the citizens.

Nigeria’s housing deficit is a problem the various governments over time have tried to solve with various strategies. Several deft moves by the governments over time have proved unproductive. As far back as 1956, efforts had been made to tackle the housing problem by the setting up of the Federal Mortgage Bank of Nigeria.

The Federal Mortgage Bank of Nigeria is Nigeria’s major mortgage financial institution, saddled with the responsibility to provide funding for agencies and individuals to bridge the housing gap. Among its major mandates are to link the capital market to the housing industry in order to operate a viable housing sector, with view to making primary and secondary Mortgage institutions deliver service to every section of the country and management and administration of the contributory savings scheme known as the National Housing Fund (NHF) established by Act 3 of [1992].

The National Housing Fund (NHF) is a social savings scheme designed to mobilize long-term funds from Nigerian workers, banks, insurance companies and the Federal Government to advance concessionary loans to contributors. This means that there is a whole lot of money at the disposal of the Federal Mortgage Bank of Nigeria.

A lot of Nigerians are still homeless after many years of mortgage finance collected by the Federal Mortgage Bank. The rising cost of housing in Nigeria calls for serious concern. That has caused citizens to beam searchlights on the activities of the major mortgage financing institution and it was allegedly discovered that the bank has been diverting the huge funds collected yearly into other ventures. As economists would say, this has led to critical opportunity costs for the entire nation and especially the low income and no income earners. Such diversions have strangulated the housing sector and are stifling industrialization because a man needs a place to call home before thinking of starting a business.

Allegations are rife that the funds are diverted to cronies and friends of the leadership of the banks. Funds are allegedly disbursed without recourse to due process and objective. It could be noted, from the above, that the functions of the bank are strictly limited to providing affordable housing through working with other financial institutions to make funds available to those who want to go into the business of housing and allied ventures.

There is also the allegation of the reign of tribalism in the bank. Professionalism and ethics are by passed in favour of tribesmen and associates of the Chief Executive of the Institution. Recruitment and even promotion has remained a privilege of a select few who go on leave, sponsored trips abroad and other privileges at will. It is obvious to even the first timer to the building that a particular section of the country has unrestrained access to funds and privileges at the institution. With such a huge diversion of attention, the consequences are that the country is suffering at the hands of the unprofessional team manning the critical and one of the most important financial institutions in Nigeria.

Efforts made by our reporter the federal government and the Economic and Financial Crimes Commission would do well to beam their search light on the institution to enable it deliver on its mandate and to save it from the hands of those who have turned it into their conduit pipe by which self-enrichment is facilitated. This would save our bourgeoning population and our nation from impending implosion. 

August 4, 2023 0 comments
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Meta starts blocking news, over law on paying publishers Leading Reporters
BusinessHeadlines

Meta starts blocking news, over law on paying publishers

by Leading Reporters August 2, 2023
written by Leading Reporters

Meta Platforms (META.O) has begun the process to end access to news on Facebook and Instagram for all users in Canada, it said on Tuesday, in response to law requiring internet giants to pay news publishers.

The Canadian government quickly denounced the move as “irresponsible,” and said the world is watching the process play out in Canada.

The Online News Act, passed by the Canadian parliament, would force platforms like Google parent Alphabet (GOOGL.O) and Meta to negotiate commercial deals with Canadian news publishers for their content.

“News outlets voluntarily share content on Facebook and Instagram to expand their audiences and help their bottom line,” Rachel Curran, Meta’s head of public policy in Canada, said. “In contrast, we know the people using our platforms don’t come to us for news.”

Canadian Heritage Minister Pascale St-Onge, who is in charge of the government’s dealings with Meta, said in a Tuesday statement: “This is irresponsible.”

“They would rather block their users from accessing good quality and local news instead of paying their fair share to news organizations,” St-Onge said.

“We’re going to keep standing our ground. After all, if the Government can’t stand up for Canadians against tech giants, who will?” she added.

In a campaign against the law, which is part of a broader global trend to make tech firms pay for news, both Meta and Google said in June they would block access to news on their platforms in the country.

Canada’s public broadcast CBC also called Meta’s move irresponsible and that it was “an abuse of their market power.”

The Canadian law is similar to a ground-breaking law that Australia passed in 2021 and had triggered threats from Google and Facebook to curtail their services.

Both the companies eventually struck deals with Australian media firms after amendments to the legislation were offered.

But on the Canadian law, Google has argued that it is broader than those enacted in Australia and Europe as it puts a price on news story links displayed in search results and can apply to outlets that do not produce news.

Meta had said links to news articles make up less than 3% of the content on its users’ feed and argued that news lacked economic value.

Canadian Prime Minister Justin Trudeau had said in May that such an argument was flawed and “dangerous to our democracy, to our economy.” NewsCredit Reuters

August 2, 2023 0 comments
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Headlines

Video: How Four Nigerians, rescued in Brazil, survived 14 days on a ship’s rudder

by Leading Reporters August 2, 2023
written by Leading Reporters

On their tenth day at sea, the four Nigerian stowaways crossing the Atlantic in a tiny space above the rudder of a cargo ship ran out of food and drink.

They survived another four days, according to their account, by drinking the sea water crashing just meters below them, before being rescued by Brazilian federal police in the southeastern port of Vitoria.

Their remarkable, death-defying journey across some 5,600 kilometers (3,500 miles) of ocean underlines the risks some migrants are prepared to take for a shot at a better life.

“It was a terrible experience for me,” said 38-year-old Thankgod Opemipo Matthew Yeye, one of the four Nigerians, in an interview at a Sao Paulo church shelter. “On board it is not easy. I was shaking, so scared. But I’m here.”

Their relief at being rescued soon gave way to surprise.

The four men said they had hoped to reach Europe and were shocked to learn they had in fact landed on the other side of the Atlantic, in Brazil. Two of the men have since been returned to Nigeria upon their request, while Yeye and Roman Ebimene Friday, a 35-year-old from Bayelsa state, have applied for asylum in Brazil.

“I pray the government of Brazil will have pity on me,” said Friday, who had already attempted to flee Nigeria by ship once before but was arrested by authorities there.

Both men said economic hardship, political instability and crime had left them with little option but to abandon their native Nigeria. Africa’s most populous country has longstanding issues of violence and poverty, and kidnappings are endemic.

Yeye, a pentecostal minister from Lagos state, said his peanut and palm oil farm was destroyed by floods this year, leaving him and his family homeless. He hopes they can now join him in Brazil.

Friday said his journey to Brazil began on June 27, when a fisherman friend rowed him up to the stern of the Liberian-flagged Ken Wave, docked in Lagos, and left him by the rudder. To his surprise, he found three men already there, waiting for the ship to depart. Friday said he was terrified. He had never met his new shipmates and feared they could toss him into the sea at any moment.

Once the ship was moving, Friday said the four men made every effort not to be discovered by the ship’s crew, who they also worried might offer them a watery grave.

“Maybe if they catch you they will throw you in the water,” he said. “So we taught ourselves never to make a noise.”

Spending two weeks within spitting distance of the Atlantic Ocean was perilous.

To prevent themselves from falling into the water, Friday said the men rigged up a net around the rudder and tied themselves to it with a rope. When he looked down, he said he could see “big fish like whales and sharks.” Due to the cramped conditions and the noise of the engine, sleep was rare and risky. “I was very happy when we got rescued,” he said.

Father Paolo Parise, a priest at the Sao Paulo shelter, said he had come across other cases of stowaways, but never one so dangerous. Their journey paid testament to lengths people will go in search of a new start, he said. “People do unimaginable and deeply dangerous things.” New Credit: Reuters

August 2, 2023 0 comments
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LUTH, Dr, Francisca Egube Disguises As Contractor, Corners 13 Contracts from Lagos Government Worth Over N600 Million LeadingReporters
HeadlinesInvestigation

LUTH, Dr, Francisca Egube Disguises As Contractor, Corners 13 Contracts from Lagos Government Worth Over N600 Million

by Leading Reporters August 2, 2023
written by Leading Reporters

By the Nigerian Civil Service regulation, section 6 (b) of the Code of Conduct Bureau and Tribunal Act states that except where a civil servant is not employed on a full-time basis, he shall not engage or participate in the management or running of any private business, profession or trade; but nothing in this paragraph shall prevent a public officer from engaging in farming or participating in the management or running of any farm. But in sharp violation of this act, it has been discovered that a civil servant, Dr. Francisca Egube, of the Lagos University Teaching Hospital secured a total of 13 contracts from various government departments.

The contracts, worth N623,715,561.23, were awarded to Quevedo International Limited, a private organization owned and run by Egube, a doctor at the Lagos University Teaching Hospital. According to public procurement records obtained by Our reporters, Egube managed to secure these contracts by allegedly bypassing established procedures and manipulating the system. The contracts cover various projects, including medical equipment, renovation of schools, construction projects, and transportation-related services.

The first contract listed in the documents is titled “Provision of Lane Markings across the State LOT5” and was awarded by the Ministry of Transport. With a cost of ₦160,058,701.36, the project was assigned to Quevedo International Limited, the same company that secured the subsequent contracts investigated. The Ministry of Health also awarded multiple contracts to Quevedo International Limited for supplying and installing medical equipment in various hospitals across Lagos State.

These contracts include procuring hemodialysis equipment, oxygen concentrators, endoscopy machines, monophasic defibrillators, phototherapy machines, and radiology equipment, with a combined value of over ₦46 million. Furthermore, the State Universal Education Board entrusted Quevedo International Limited, once again facilitated by Egube, with a contract for the construction of a fence, gate, and gatehouse at Community Primary School in Ikotun, Alimosho LGEA, amounting to ₦15,826,121.15. Another contract involved the emergency renovation of Ewuntuntun Junior Grammar School in Mafoluku, Oshodi, costing ₦31,613,510.30

 Additionally, two contracts for the renovation of Apapa Senior High School and Araromi Junior Secondary School Apapa were awarded by the Special Committee on Rehabilitation of Public Schools, with a total worth of ₦99,896,137.86. The Office of Drainage Services & Water Resources assigned Quevedo International Limited to construct outfall channels along Ijede Road, amounting to ₦209,121,090.56.

While it is not uncommon for private organizations to win government contracts, the involvement of a civil servant in securing multiple contracts for the same company raises serious questions about the integrity of the procurement process. Civil service regulations are designed to ensure transparency, fairness, and competition in government contracts, and prevent conflicts of interest.

August 2, 2023 0 comments
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Headlines

BREAKING:Tinubu Appoints Jim Obazee, EX-FRCN Boss to Probe CBN

by Leading Reporters July 30, 2023
written by Leading Reporters

Tinubu Appoints Jim Obazee, EX-FRCN Boss Who Almost Sacked Pastor Adeboye From RCCG To Probe CBN

President Bola Tinubu has appointed a Special Investigator to probe the Central Bank of Nigeria (CBN) and Related Entities.

In a letter sighted by Leading Reporters, the president named Jim Osayande Obazee, the Chief Executive Officer, Financial Reporting Council of Nigeria (FRCN), as the investigator.

The President asked the Special Investigator to investigate CBN and key Government Business Entities (GBEs).

He also said Obazee would report directly to his office.

“In accordance with the fundamental objective set forth in Section 15(5) of the Constitution of the Federal Republic of Nigeria 1999 (as amended), this administration is, today, continuing the fight against corruption by appointing you as a Special Investigator, to investigate the CBN and Related Entities. This appointment shall be with immediate effect and you are to report directly to my office.”

“The full terms of your engagement as Special Investigator shall be communicated to you in due course but, require that you immediately take steps to ensure the strengthening and probity of key Government Business Entities (GBEs), further block leakages in CBN and related GBEs and provide a comprehensive report on public wealth currently in the hands of corrupt individuals and establishments (whether private or public).

“You are to investigate the CBN and related entities using a suitably experienced, competent and capable team and work with relevant security and anti-corruption agencies to deliver on this assignment. I shall expect a weekly briefing on the progress being made,” the letter read.

The president also sent a copy of his directive suspending Godwin Emefiele as Governor of the CBN on June 9, 2023.

Emefiele has been in DSS custody since then. He was arraigned in court last week and granted bail but the secret police rearrested him.

Obazee had in the past led major investigations Central Bank of Nigeria (CBN); Bank of Industry (BOI); Zenith Bank of Nigeria Plc; Guaranty Trust Bank Plc and Access Bank Plc.

He has also participated in 16 technical committees including 1. Technical Committee on Accounting in the Petroleum Industry – Upstream Activities; Technical Committee on Accounting for Insurance Business; Technical Committee on Accounting for Statement of Cash Flows; Committee on Implementation Guide to Accounting for Leases and Technical Committee on Accounting in the Petroleum Industry – Downstream Activities among others.

Recall that Obazee, in connection with the implementation of the controversial corporate Governance Code 2016 made the headlines when Pastor Enoch Adeboye relinquished his position as the General Overseer of RCCG and announced Pastor Joseph Obayemi as the new overseer of the church.

The code limits the tenure for heads of religious groups and civil rights organisations to 20 years. He pushed for the implementation against Buhari’s wish.

July 30, 2023 0 comments
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