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“I am poorer despite receiving over N840million in 5 years” says former lawmaker

by Folarin Kehinde August 19, 2024
written by Folarin Kehinde

Former Member of the Senate of Nigeria, Ishaku Elisha Abbo has stated that he became improvised as a senator despite receiving #14.2m monthly and over N840million in the last 5 years.

Abbo while speaking in a monitored interview on AriseTV stated that he would have preferred to continued his business enterprise but join politics because of his love for humanity which made him poorer as a senator.

According to Abbo, the N14.2m earned monthly was absolutely nothing considering the demands and challenges faced by his constituents on a daily basis.

“Let me say this on live television, am poorer, much more poorer as a man when I became a politician than when I was in business but I didn’t resign because I enjoyed serving the people,

“Go to my village and check, as a senator,I live in room and parlor I don’t have a house of my own, I was building a 23-bedroom mansion before I became a senator in the heart of mubi, when I became a senator I stopped it and took over people’s burden,”

Meanwhile, Abbo noted that governance has been taken far away from the people and that is where local government administration have to come to the fore adding that before now, local government chairmen were given money to do projects but today, the governors has hijacked the local government funds through Joint Account (JAC)

He however advocated that the National Assembly should create a fund in the office of our legislators who are the representative of the people to take care of constituency projects so that it will not be added to their salary.

August 19, 2024 0 comments
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Headlines

‘FG lied, Food Prices are not coming down’ Nigerians lament

by Folarin Kehinde August 18, 2024
written by Folarin Kehinde

The Presidency’s statement that prices of foodstuffs have been falling recently has been rejected by Nigerians.

The Senior Special Assistant on Citizenship and Leadership to President Bola Tinubu, Rinsola Abiola, while speaking on AIT Weekend Show, on Saturday (10 August), said online vendors confirmed that food prices have started decreasing.

Mrs Abiola said the decrease in the prices of foodstuffs is a testament to the federal government’s initiatives towards addressing economic hardship and hunger, which are yielding results.

Nigerians on social media, X platform, said the statement from the Presidency did not tally with what is obtainable in the markets.

Nigerians made their opinions while reacting to a poll by Obianuju Udeh, known as DJ Switch, one of the leaders of the #Endsars protest.

DJ Switch, on Friday, wrote, “I have come across some tweets and a report saying food prices are down. My question is, is it true prices are down? If so, that would be good news. Please share what you are experiencing on ground.”

In reaction, Nigerians disagreed with the position of Rinsola Abiola. They said prices of food remained the same. On tomatoes price Mrs Abiola said came down from ₦180,000 to ₦35,000; an X user, Chinedu Okoli said there was more supply in the market due to the harvest period and not actually as a result of government policies.

For IBEZYMAKO, @Bis_realibeh, “Prices of food items remain the same. Transportation fare is on the increase because of cost of PMS and nobody is talking about it. Government of deceptive propaganda.”

Ozagu. enterprises, @OzaguE98786, argued that “it is only in the Tinubu market that items are cheap. Semo 10kg a year ago ₦6400, two months ago ₦12,300, now ₦16000-₦18000, Beans ₦5000, Yam(3) ₦7500, Milo refill ₦5500, Garri ₦2000, Rice bag ₦78000. The truth is, most have stopped eating a lot of food; Items are not affordable by most Nigerians.”

Joseph Olawale Bamidele, @olawale_bam, said, “A liter fuel now sells for at least ₦700 to ₦900. Black market goes for ₦1,300. Mudu of rice is still ₦2,700. Food price coming down is propaganda. APC will crumble.”

Chinedu Okoli, @chineduokoli_,: “The truth is that this is harvesting period for some crops. It will slow inflation but this is just temporary cos once this phase wears off, the food prices will double.

“Prices that have gone down are perishable goods o, like tomatoes and pepper that can not be stored for long period.”

Saint Adaugoijele, @JustAdaugoijele, said, “Please, no food price is down. It’s still increasing.”

Daniel Alabi, @alabi_daniel, argued, “We bought rice last month btw ₦1,200 – ₦1,300 per Derica in Itele area of Ogun State and Lagos. We still buy it same today.”

SPECIAL, @special_Ada_Ide, said, “Which food prices come down? Shey for this Lagos Nigeria abi from other states?

“A bag of rice (my choice ) ₦82k, fuel ₦900 per liter, black market is more than this, beans – a derica cup is ₦2,200, semo ₦15k.”

August 18, 2024 0 comments
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Tinubu
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Tinubu orders reduction of Nigeria’s official delegation to UNGA

by Folarin Kehinde August 17, 2024
written by Folarin Kehinde

President Bola Tinubu has directed reduction of the size of Nigeria’s official delegation to the forthcoming United Nations General Assembly (UNGA) meetings in New York, United States.

The President said only authorised officials who have business at the event should attend the 79th session of the event in September.

Special Adviser to the President, (Media & Publicity), Chief Ajuri Ngelale, in a statement informed this directive was passed on by the Chief of Staff to the President, Femi Gbajabiamila on Saturday in Abuja.

He said the instruction was passed on during a one-day retreat organised by the State House management for heads of government agencies under its supervision.

Addressing participants at the retreat, the Chief of Staff said the decision to streamline Nigeria’s delegation to the 79th session of UNGA in September is part of the administration’s commitment to ensure prudent management of resources and reduce the cost of governance.

“Highlighting the need for the State House and agencies under its supervision to ensure that its functions are guided by statutes, regulations, policy decisions, and presidential directives, Gbajabiamila hinted at upcoming policy announcements aimed at ensuring efficient service delivery in government operations.

”I just discussed with the President this afternoon. In the next few weeks, we are going to see a test of this policy during UNGA in New York.

”During recent protests, there were talks about reduction in cost of governance. Everyone is waiting to see if Nigeria, as in the past, will send the ‘largest delegation’ to UNGA.

”From experience, we know that some individuals use the opportunity of such international meetings to go about their personal businesses.

”I have received a directive from Mr. President that this time, we will be strict. If you have no business at the UN General Assembly, do not step foot in America and this is a directive from Mr. President,” Gbajabiamila said.

The Chief of Staff urged heads of agencies at the retreat to comply strictly, adding that the President is listening to the concerns of Nigerians and is committed to addressing them diligently.

On the retreat, Gbajabiamila noted that it will facilitate collaboration and coordination among government agencies, particularly those under the direct supervision of the State House.

”The idea is to ensure coherence as we jointly work together to achieve the objectives of President Bola Tinubu’s Renewed Hope Agenda.

”Coordination is not just a choice but a necessity for the government to succeed and for us to meet the expectations of the Nigerian people,” he said.

He said the retreat would be a continuous exercise, as governance is an evolving process that requires regular adjustments.

The Chief of Staff also urged the State House management and chief executives of agencies under its supervision to lead by example by ensuring compliance with statutes, laws, regulations, and various policies designed to enhance governance.

”We must demonstrate excellence in our compliance with the Public Procurement Act, Financial Reporting Council of Nigeria Act, the Finance Act, and various appropriation acts in operation.

”Compliance with the civil service rules and the scheme of service guidelines, especially regarding recruitment, promotion and presidential approvals is also non-negotiable,” Gbajabiamila said.

The theme of the one-day retreat was ‘Strengthening Institutional Mechanism for Effective Delivery.’

August 17, 2024 0 comments
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Headlines

I mistakenly signed Ogun multibillion-naira trade zone to dubious Chinese investors, Ibikunle Amosun confesses

by Folarin Kehinde August 17, 2024
written by Folarin Kehinde

Former Governor Ibikunle Amosun on Saturday said he was deceived into handing over a free trade facility in Ogun State to an investment group from China, introducing a disturbing dimension to the ongoing legal battle that threatens the depletion of Nigeria’s assets abroad.

Mr Amosun, governor of the southwestern Nigerian state from 2011 to 2019, admitted in a statement personally signed by him that he didn’t do even a cursory assessment of facts before asking a Chinese team to take over the Ogun-Guandong Free Trade Zone in 2012. His decision marked the onset of a protracted legal crisis that led to aggrieved Chinese investors’ recent targeting of Nigeria’s assets in Europe and the United States.

The free trade zone was conceived in 2007 between Ogun State under Governor Gbenga Daniel and Guangdong Xinguang International China Africa Investment Ltd (or China Africa) to facility seamless trade between Nigeria and China in Igbesa, Ogun State. China Africa, the major investor at 60 per cent of the stake, was developing the 10,000 hectares facility when, in 2012, a year after Mr Amosun assumed office, another firm that identified itself as Zhongfu International Investment Ltd came in with tales about how the place was being poorly administered and thereafter sought to manage it.

Mr Amosun, in his statement, said he subsequently asked Zhongfu investors to take over as the interim managers of the trade zone before his administration could find time to investigate the allegations.

“Zhongfu International Investment FXE, pretending to be a concerned and genuine tenant and Zone stakeholder, volunteered very damaging and destructive information about the official representatives of Guangdong Province, the Joint Venturer and lawful Zone Managers, China Africa Investment FXE and subsequently requested to be appointed as Interim Zone Managers.

“Based on the information at the government’s disposal at the time, Zhongfu International Investment FXE was appointed interim zone manager on March 15, 2012, pending further evaluation. The whole idea was to ensure that someone was in charge and thereby prevent unwholesome and untoward development in the zone pending the completion of our fact-finding exercise.

“It was later discovered that the information and claims volunteered by Zhongfu International Investment FXE against China Africa Investment FXE were tissues of lies.

“Unknown to Ogun government at the time, Zhongfu International Investment FXE merely sought to de-market China Africa Investment FXE and to surreptitiously covert the state-owned assets of Guangdong Province in China together with the zone ownership and management rights of their business rival,” Mr Amosun said.

The former governor said Chinese authorities later directly intervened through several notes from the country’s mission in Nigeria.

“It was further discovered – much later – through the intervention of the Chinese Government via Diplomatic Note 1601, dated March 11, 2016,” Mr Amosun said, saying the Chinese government told him the company he had terminated was the rightful owner of the investment.

Mr Amosun said that after he ousted Zhongfu International Investment, the company approached Nigerian courts in different jurisdictions to ventilate its legal and business rights but lost all four cases filed. He didn’t list out the cases.

Consequently, the former governor urged the federal government and Ogun State to continue desisting from entering into any resolutions that would benefit Zhongfu.

“Nigeria should not give Zhongfu International Investment FXE any listening ear as doing so would amount to indulging and, encouraging an unlawful entity without locus standi to appropriate our common patrimon,” Mr Amosun said. “This matter of Zhongfu International Investment FXE should be treated the way Nigeria treated the P&ID case. There is no basis for negotiation.”

Mr Amosun has recently been criticised as the source of Nigeria’s confrontation with Chinese investors before international arbitration panels. The Chinese have been trying to seize private jets used by President Bola Tinubu in France.

On August 9, an appellate judicial panel in the United States authorised Zhongfu’s parent firm Zhongshan to proceed with its legal efforts to seize Nigeria’s assets in the U.S. Zhongshan had in 2021 obtained a compensation judgment in the United Kingdom to the tune of $60 million, which it has since been trying to enforce in France, the U.S. and other countries where Nigeria’s assets could be targeted.

August 17, 2024 0 comments
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Headlines

Chinese firm releases one of seized Presidential jets

by Folarin Kehinde August 17, 2024
written by Folarin Kehinde

Investment Co. Limited has announced the release of one of the three Presidential jets seized based on the order of a French court.

Leading reporters learnt how the firm seized a Dassault Falcon 7X, a Boeing 737-7N6/BBJ and an Airbus A330-243 belonging to the federal government of Nigeria, stationed at Paris-Le Bourget and Basel-Mulhouse airports.

This is as a result of a contract was revoked by the Ogun state government in 2016.

The judgment is the latest arbitration effort against Nigeria by a foreign company alleging that Africa’s most populous nation reneged on an agreement.

In 2013, Zhongfu, a subsidiary of Chinese investment company Zhongshan Fucheng Industrial Investment, and the Ogun state government signed a contract to develop a free trade area.

Zhongfu was to own 60 per cent of the joint venture under the terms of the deal.

However, three years later, Zhongfu alleged that Ogun had backed out of the deal and wanted to take over the “significant” Chinese investment in the free trade zone.

The company said a “campaign of illegal acts” against it ultimately forced it out of the agreement.

Zhongshan initiated arbitration proceedings against Nigeria in 2018.

A three-person arbitration panel in London awarded the company $70mn in damages to be paid by the federal government in 2021. The award has since grown to about $81mn with interest.

But according to a company spokesperson on Friday, one of the jets was released after they were made aware that President Bola Tinubu would be needing it for a scheduled meeting with Frances president, Emmanuel Macron.

In a statement, he said, “Zhongshan has consistently sought to act reasonably and fairly in the course of a legal dispute with Nigeria which was not of its making.

“It has now been made aware that an Airbus A330, currently detained in France as a result of a French court order obtained by Zhongshan, is needed for the President of the Federal Republic of Nigeria to travel to a scheduled meeting with President Macron of France early next week.

“As a gesture of goodwill, Zhongshan has lifted the seizure of that aircraft immediately. This will allow it to be used for the President’s trip.”

The spokesperson mentioned that the company remains committed to talks with the Nigerian government with a view of reaching a “reasonable compromise rapidly”.

August 17, 2024 0 comments
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Headlines

NMDPRA directs fuel stations to stop selling in kegs

by Folarin Kehinde August 17, 2024
written by Folarin Kehinde

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has instructed gas stations across the country to cease selling Premium Motor Spirit (PMS), commonly known as petrol, in jerrycans.

This directive comes amidst the ongoing petrol scarcity, which has led to long queues at the few gas stations that are still dispensing fuel in major cities.

In a video posted on X (formerly Twitter) on Thursday, NMDPRA officials were seen cautioning the management of a gas station to halt the illegal sale of fuel in jerrycans, citing safety concerns.

One of the NMDPRA officials, who appeared to be conducting a field assessment, was seen in the video threatening to withdraw the retail licences of gas stations that fail to comply with the directive.

“We will withdraw your licence. You have to take this seriously. No selling in jerrycans,” the official repeatedly warned in the video footage seen by Peoples Gazette.

As many Nigerians struggle with fuel scarcity and high prices following the removal of fuel subsidy by President Bola Tinubu, the latest development has sparked widespread backlash.

Some netizens who reacted to the news condemned the government’s action, arguing that it would further affect the poor, particularly those who rely on petrol to power their generators due to the unreliable power supply.

August 17, 2024 0 comments
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Afe Babalola
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Palliatives: Government Turning Nigerians To Beggars – Afe Babalola

by Nelson Ugwuagbo August 16, 2024
written by Nelson Ugwuagbo

Afe Babalola, Founder of ABUAD, criticized the Federal Government’s palliative distribution, saying it is creating a culture of dependency and poverty among Nigerians, turning them into beggars.

This was just as he declared support for The Patriots, led by former Secretary-General of the Commonwealth, Emeka Anyaoku, which recently pleaded with President Bola Tinubu to, as a matter of urgency, consider the enactment of a new constitution.

The legal icon, who spoke when the Prestige Sisters League visited him at the ABUAD campus, said that those protesting against hunger are doing so genuinely because everyone knows there is hunger in the country.

He said: “Those who are complaining about hunger are doing so sincerely. They are hungry. A hungry man can go to any length to show his anger. We do not need anybody to tell us that there is hunger in the country. The protest was genuine and government should listen to them.

“The duty of government is the welfare of the people. The problem we have now is that people cannot move freely. They have abandoned the farms. People are being killed in their farms and everybody wants to stay where they are safe. It is because the government has failed in this regard that we have hunger.

“It is wrong for government to be sharing garri, beans and rice as palliatives. They are turning the people to beggars. The government that is giving the people rice and beans is leading us to poverty. The government is discouraging people from working, whereas, the duty of government is to provide the people enabling environment for people to work and feed themselves.

August 16, 2024 0 comments
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Tinubu
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Aggrieved Chinese Company Release One Presidential Jet For Tinubu

by Nelson Ugwuagbo August 16, 2024
written by Nelson Ugwuagbo

Zhongshan Fucheng Industrial Investment Limited, a Chinese firm, has released one of the three Nigerian aircraft, an Airbus A330, detained in France, following a court order. This move allows President Bola Tinubu to attend a scheduled meeting.

The release of the presidential jet was a goodwill gesture from the company to the President, according to a statement issued by Zhongshan on Friday.

Nigeria’s authorities had notified the company that President Tinubu had a meeting with French President Emmanuel Macron and needed one of the presidential jets to attend.

Zhongshan emphasized that it has consistently sought to act reasonably and fairly in its legal dispute with Nigeria, which was not of its making.

The company stated that it lifted the seizure of the aircraft immediately as a gesture of goodwill, allowing it to be used for the President’s trip.

Zhongshan remains committed to talks with the Nigerian government to reach a reasonable compromise rapidly.

Earlier, the Federal Government had initiated legal steps to address the interim attachment of the three presidential aircraft in France.

August 16, 2024 0 comments
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Elon musk
Headlines

Elon Musk’s Starlink Expand Into Nigeria

by Nelson Ugwuagbo August 16, 2024
written by Nelson Ugwuagbo

Elon Musk’s Starlink is expanding its presence in Nigeria by building ground stations in Lagos, Ogun, and Rivers states to enhance internet connectivity.

The company has acquired approximately 29,000 acres of land in these states to establish the facilities, which will be constructed in partnership with Equinix, a leading data center solutions provider.

The ground stations will be located in Okun Ajah (Lagos), Sagamu (Ogun), and Port Harcourt (Rivers), strategically positioned to improve internet access in the region.

Construction has begun in Lagos and is expected to be completed by Q4 2024, with the other locations projected to be ready in 2025.

This significant investment underscores Starlink’s commitment to strengthening its global network and improving internet access in Nigeria.

August 16, 2024 0 comments
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US Court
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US Court Gives Chinese Investors Green Light To Seize Nigeria’s Asset

by Nelson Ugwuagbo August 16, 2024
written by Nelson Ugwuagbo

An appellate court in the United States authorised Zhongshan, a Chinese company, to proceed with its efforts to confiscate Nigeria’s assets abroad after it rejected Nigeria’s sovereign immunity argument.

The decision made August 9, 2024, came after judges at the U.S. Court of Appeals for the District of Columbia in Washington found that Nigeria had violated both the fundamental and commercial rights of executives at a Chinese firm that had entered into a trade zone agreement with Nigeria.

The latest development worsens a crisis that the Nigerian government has been attempting to manage in Europe and prevent from spilling to other jurisdictions.

A French court had earlier authorised the seizure of the three presidential jets due to the ongoing dispute between Zhongshan and the Ogun State government.

The Chinese workers of Zhongshan proceeded to the US court to retrieve an outstanding arbitration award for breach of contract after initially winning their case in the United Kingdom in 2021.

They were awarded $55.6 million in compensation from Nigeria and $75,000 in moral damages, along with interest and legal and arbitration fees, court filings said. The UK court said it was satisfied with the evidence submitted by the Chinese before awarding them nearly $60 million.

However, Nigeria argued before the United States District Court for the District of Columbia in Washington that its sovereign immunity forbade the matter from being entertained in a US court.

But the federal judge denied Nigeria’s argument, saying the country is a signatory to the New York Convention that allows arbitration between persons, which may include a sovereign entity.

Nigeria subsequently filed an interlocutory appeal in the matter on April 22, 2024, and two of the three-man panel decided that the matter should proceed because Nigeria had lost its immunity grounds when it joined Ogun in violating the contractual agreement.

The court stated that Nigeria can be held liable for the breach against the Chinese since Ogun is a federating unit of Nigeria.

“Whether the arbitration exception applies in this case therefore turns on whether a treaty—specifically, the New York Convention—governs the Final Award,” the majority, Patricia Millett and Michelle Childs, said. “We hold that it does because the Final Award arose from (1) a legal relationship, (2) that is considered as commercial, and (3) is between persons.”

The judges also concluded that “Zhongshan and Nigeria shared a legal relationship because Nigeria owed Zhongshan legal duties under the Investment Treaty.”

August 16, 2024 0 comments
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