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BREAKING: Ondo State Governor, Lucky Aiyedatiwa, Suspends All LG Caretaker Committees

by Folarin Kehinde January 3, 2024
written by Folarin Kehinde

Ondo State Governor, Lucky Aiyedatiwa has suspended all local government Caretaker Committees in the state.

In a circular dated January 2, the governor, through the Ministry of Local Government and Chieftaincy Affairs, directed the Heads of Local Government Administration (HOLGAs) in all the LGAs/LCDAs to immediately assume responsibility as head of their respective Local Government Areas/ LCDAs in acting capacity pending the resolution of all Legal matters relating to this subject.

The letter reads:

RE: INDEFINITE SUSPENSION OF THE APPOINTMENT OF CARETAKER COMMITTEES OF LOCAL GOVERNMENT AND LOCAL COUNCIL DEVELOPMENT AREAS IN ONDO STATE.

It has come to the notice of the Ministry of Local Government and Chieftaincy Affairs that despite the suspension of all recently appointed Caretaker Committee members for Local Government (LGAS) and Local Council Development Areas (LCDAs) in the State by a Court of competent jurisdiction, some individuals in these former positions are still parading themselves in that posts.

  1. Consequently, I have been directed to request the Heads of Local Government Administration (HOLGAs) in all the LGAs/LCDAs to immediately assume responsibility as head of their respective Local Government Areas/ LCDAs in acting capacity pending the resolution of all Legal matters relating to this subject.
  2. Furthermore, I have also been asked to request all HOLGAs to retrieve without delay, all assets and properties of the LGAs/LCDAs with these former Caretaker Chairmen, Vice-Chairmen and other members and to safely keep them within their respective Local Government Areas and Local Council Development Areas.
  3. Kindly give the content of this letter the urgent attention it deserves, please.

Aiyedatiwa was sworn in as governor of the state, last week, following the death of the immediate-past Governor, Oluwarotimi Akeredolu.

January 3, 2024 0 comments
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Idomaland Implements Unified Bride Price of N50,000, Embracing Tradition

by Nelson Ugwuagbo January 3, 2024
written by Nelson Ugwuagbo

Traditional bride price in Idoma land of Benue State has been codified and fixed at fifty thousand naira only.

This was disclosed by the Idoma Area Traditional Council, IATC at the end of its meeting at Otukpo on Wednesday.

The IATC said it arrived at this far reaching decision after wide spread consultation with rulers, political leaders, and most importantly their God-given subjects.

It also said some self-imposed, barbaric, and harsh cultural practices have been expunged from the practice of the culture and tradition of the people.

The IATC enjoined all Idoma-speaking people to strictly adhere to all decisions of the council in the interest of its people.

Some of the decisions of the council include the prohibition of costly burial rites especially the imposition of costly prescriptions, stipulations, and requirements on the bereaved family for the burial rites of a deceased person in Idoma land.

The IATC said the practice of depriving the children and wife(s) of the deceased from Inheriting His property in the area is banned.

It said the practice where relatives deny and deprive the children and wives of deceased persons their right to inheritance of the deceased’s property, is prohibited.

” For the avoidance of doubt, where the deceased is survived by wife(s) and children, such children and wife(s) shall have the right of first consideration, in the apportioning of the inheritance, in the absence of a Written Will.”

The new law allows a deceased’s wife to be buried in her husband’s place, except in special circumstances where the Wife during her lifetime, was married to and had children for more than one man; in which case, the wife may be buried in her father’s place to allow other husbands and children to partake in the burial rites.

All forms of stringent conditions, stipulations, and expectations associated with traditional marriage are hereby removed and prohibited according to the new law by the IATC.

The new IATC frowned at the indiscriminate burial of corpses within and around the community, especially in residential areas saying it is prohibited and enjoined every community to mandatorily provide a burial ground.

“Where for any special reasons, a person has to be buried within or around the compound, the permit of the Traditional Ruler must first be sought and obtained and such burial spot or grave must be marked and secured.”

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JUST IN: NNPCL denies clashes with marketers over petrol subsidy

by Folarin Kehinde January 3, 2024
written by Folarin Kehinde

The Nigerian National Petroleum Company Limited (NNPL) on Wednesday, January 3, denied clashing with marketers or any other party on payment of Premium Motor Spirit (PMS) petrol.

This was contained in the company’s rejoinder to a media report that petrol should now cost N1,200 per litre owing to exit from the under-recovery of the fuel cost.

The short rejoinder that NNPC, Group Communications, Officer, Olufemi Soneye issued today reads: “NNPC Ltd emphasises it has not clashed with any party. The Punch headline is deemed unfortunate. The publication sought confirmation on the alleged subsidy reduction, to which NNPC responded that the subsidy has been entirely removed.”

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FULL LIST: The 18 Universities Banned By NUC

by Folarin Kehinde January 3, 2024
written by Folarin Kehinde

The Federal Government has suspended the evaluation and accreditation of degree certificates from the Republic of Benin and Togo. This decision was announced by the Federal Ministry of Education following an undercover investigation conducted by a Nigerian online platform that exposed a degree mill in Cotonou.

The investigative report revealed that a journalist obtained a degree from Cotonou University within six weeks and participated in the mandatory one-year scheme organised by the National Youth Service Corps, NYSC.

Here is the list of foreign universities banned by the National Universities Commission (NUC), according to data retrieved from the NUC website:

  1. University of Applied Sciences and Management, Port Novo, Republic of Benin, and its other campuses in Nigeria.
  2. Volta University College, Ho, Volta Region, Ghana, and its other campuses in Nigeria.
  3. The International University, Missouri, USA, Kano and Lagos Study Centers, or any of its campuses in Nigeria.
  4. Collumbus University, UK, operating anywhere in Nigeria.
  5. Tiu International University, UK, operating anywhere in Nigeria.
  6. Pebbles University, UK, operating anywhere in Nigeria.
  7. London External Studies UK, operating anywhere in Nigeria.
  8. Pilgrims University, operating anywhere in Nigeria.
  9. West African Christian University, operating anywhere in Nigeria.
  10. EC-Council University, USA, Ikeja Lagos Study Centre.
  11. Concept College/Universities (London), Ilorin, or any of its campuses in Nigeria.
  12. Houdegbe North American University campuses in Nigeria.
  13. Irish University Business School London, operating anywhere in Nigeria.
  14. University of Education, Winneba, Ghana, operating anywhere in Nigeria.
  15. Cape Coast University, Ghana, operating anywhere in Nigeria.
  16. African University Cooperative Development, Cotonou, Benin Republic, operating anywhere in Nigeria.
  17. Pacific Western University, Denver, Colorado, Owerri Study Centre.
  18. Evangel University of America and Chudick Management Academic, Lagos.
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Headlines

Seplat Energy Announces ANOH Gas Plant Mechanical Completion

by Folarin Kehinde January 3, 2024
written by Folarin Kehinde

… Milestone Achieved Without Single Recordable Lost Time Incident (LTI)

Seplat Energy Plc, a leading Nigerian independent energy company listed on both the Nigerian Exchange Limited and London Stock Exchange, is pleased to announce that the ANOH gas plant installation works reached mechanical completion on 29th December 2023, in line with the revised timetable.

This milestone has been achieved without a single recordable Lost Time Incident (LTI) across 11 million man hours, a testament to the focus of the whole team on safe and secure operations.

The ANOH Gas Processing Company (AGPC), an incorporated joint venture between Seplat Energy and NNPC Gas Infrastructure Company (NGIC) Ltd, is delivering the ANOH gas plant with Phase One processing capacity of 300mmscfd.

Upon commencement of operations, the plant will deliver dry gas, condensate, and LPG to customers. It is envisaged that AGPC will sell the gas and LPG domestically, and the condensates to the international market.

The other key steps to first gas, as outlined in the Company’s Interim Results announcement, were the drilling and hook-up of the Upstream wells and completion of essential third-party infrastructure: the OB3 pipeline river crossing and Spur Line connecting OB3 to the gas plant.

Completion of the third well (ASSN-05) was previously announced and the fourth and final well (ASSN-06) planned ahead of first gas has also now been completed by the upstream unit operator, SPDC.

We now look forward to the completion of the necessary plant pre-commissioning activities and essential third-party infrastructure which will enable commissioning of the gas plant and commencement of operations. Our previously communicated guidance for first gas is unchanged.

Roger Brown, Chief Executive Officer of Seplat Energy, said:

“ANOH is an important strategic project for Seplat, it will roughly double our gas production, and we are focused on the path to first gas.

“Once completed, ANOH will provide two income streams for Seplat: wet gas sales from OML 53 to the gas plant and dividends from the joint venture ANOH Gas Processing Company, which will operate the plant.

“ANOH’s gas will further reduce Seplat’s and Nigeria’s carbon intensity and increase energy supplied to the Nigerian domestic market.”

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BREAKING: Armed robbers shot CBN staff dead, three others inside Abuja supermarket

by Folarin Kehinde January 3, 2024
written by Folarin Kehinde

Suspected dare-devil men of the underworld on Tuesday evening struck at the popular Abdullahi Supermarket in One Man Village, near Mararaba in Nasarawa State, killing four customers, including a staff of the Central Bank of Nigeria, CBN.

The CBN staff identified through his identity card as Daniel Adefemi Okunade was shot in the head and died immediately.

Three others gruesomely murdered along with him could not be identified as of the time of this report.

An eyewitness account said that the robbery operation lasted less than two minutes during which the CBN staff, who is said to be the choir master of the Christ Apostolic Church (CAC) also in One Man Village, was gunned down.

He was said to have had a stop over at the Supermarket to buy bread for his family when the robbers found their way into the ever busy store and took lives out of the four customers.

His Toyota Venza Car parked outside the Supermarket was not touched by the men of the underworld.

The late Okunade was said to be returning from work when he met his untimely death in the hands of the suspected robbers.

At the time of this report, the atmosphere in the area was tense as people kept trooping into the Supermarket to identify the robbery victims.

Meanwhile, police operatives from New Nyayan Divisional Police Station have moved the corpse of the robbery victims to the Mararaba Medical Center mortuary in Mararaba.

No information has yet been made public by the police on the incident.

However, hundreds of sympathizers, including church members, have been trooping to the house of the late CBN staff to sympathize with his family.

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Headlines

Tinubu closes Buhari’s single treasury account, asks MDAs to remit 100% revenue to new account

by Folarin Kehinde January 3, 2024
written by Folarin Kehinde

President Bola Tinubu’s administration has directed that all ministries, departments, and agencies fully funded by the federal government remit 100 per cent of their revenues into a Sub-Recurrent Account, a sub-component of the Consolidated Revenue Fund (CRF), where the federal government will now receive and consolidate its revenue earnings.

This directive, issued in a December 28 circular by the Finance Ministry and publicised on Tuesday, effectively closes the single treasury account operated under the erstwhile Muhammadu Buhari administration.

It is the latest of the federal cabinet’s move to “improve revenue generation, fiscal discipline, accountability and transparency” in resource management and waste prevention under Bola Tinubu’s nascent presidency.

“All Ministries, Departments and Agencies (MDAS) that are fully funded through the annual federal government budget (receiving personnel, overhead and capital allocation) and on the schedule of Fiscal

Responsibility Act, 2007 and any addition by the Federal Ministry of Finance should remit one hundred per cent of their Internally Generated Revenue (IGR) to the Sub-Recurrent Account, which is a Sub-component of the Consolidated Revenue Fund (CRF),” the directive read.

“Agencies and departments that are partly funded by the federal government – having budgetary allocations for capital or overhead expenditures – are expected to remit 50 per cent of their gross revenue while statutory revenue like “tender fees, contractor’s registration, sales of government assets, etc should be remitted one 100 per cent to the sub-recurrent account,” it added.

Agencies not funded by the federal government are also expected to remit 50 per cent of their generated revenues.

“For the avoidance of doubt, the Office of the Accountant-General of the Federation shall open new TSA Sub-Accounts for all Federal Government Agencies/Parastatals listed on the schedule of Fiscal Responsibility Act, 2007 and any additions by the Federal Ministry of Finance, except where expressly exempted.

“The new account opened for Agencies/Parastatal shall be credited with inflows in the old revenue-collecting accounts based on the new policy implementation of 50 per cent auto deduction in line with Finance Act, 2020 and Finance Circular, 2021, 50per cent cost to revenue ratio,” it added.

While the current approach bears resemblance to the previous administration’s strategy, all revenues in the new processes are consolidated into a unified treasury account, and the Office of the Accountant General calculates deductions according to approved percentages. The remaining funds are then entrusted to the remitting agency. This contrasts with the prior administration, where agencies autonomously determined the remittances they provided to the federal government.

The accountant general is tasked with overseeing, monitoring, and conducting a monthly review of both the existing and new accounts of agencies/parastatals. This ensures that only funds approved by the Honourable Minister of Finance and Coordinating Minister of the Economy (HMFCME) and the Accountant-General of the Federation (AGF) are credited to supplementary accounts that the departments and agencies would use to hold internal funds.

All ministries and agencies concerned are expected to fully comply with the directive except when expressly permitted to act differently.

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Alleged N37billion fraud: Buhari’s minister Sadiya Farouk to face EFCC investigators today

by Folarin Kehinde January 3, 2024
written by Folarin Kehinde

Sadiya Umar-Farouq, the Minister of Humanitarian Affairs, Disaster Management and Social Development under former President Muhammadu Buhari, will today face the detectives of the Economic and Financial Crimes Commission (EFCC) over alleged fraud to the tune of N37 billion.

The anti-graft agency invited the former minister last week following a probe launched into her ministry activities when she held sway over the previous six years.

She was being probed over N37,170,855,753.44 allegedly laundered under her watch by a contractor, James Okwete.

Officials of the anti-graft agency told Daily Trust on Tuesday that the former minister had earlier been asked to appear before interrogators at the EFCC headquarters at Jabi, Abuja, by 10:00 am.

The operatives explained that some other officials who worked with her had been invited for different days to provide insight into how the ministry’s affairs had been run in the last six years.

The former minister tweeted on her X handle last week Monday that she was not involved in any fraudulent activities while she held sway as supervisor of the humanitarian ministry.

She had said, “There have been a number of reports linking me to a purported investigation by the Economic and Financial Crimes Commission into the activities of one James Okwete, someone completely unknown to me.

“James Okwete neither worked for, nor represented me in any way whatsoever. The linkages and associations to my person are spurious. While I resist the urge to engage in any media trial whatsoever, I have however contacted my legal team to explore possible options to seek redress on the malicious attack on my person.

“I remain proud to have served my country as a minister of the Federal Republic of Nigeria with every sense of responsibility and would defend my actions, stewardship and programmes during my tenure whenever I am called upon to do so.”

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Headlines

Fuel Marketers Clash with NNPC Over Petrol Subsidy, Project Petrol at N1200/litre

by Folarin Kehinde January 3, 2024
written by Folarin Kehinde

Fuel prices may go up soon as the Nigerian National Petroleum Company Limited (NNPC) and fuel marketers clashed on Tuesday over prices of the commodities.

The naira’s recent downward trend against the dollar has reignited the debate, with economists and marketers claiming a resurgence of hidden subsidies.

The naira’s freefall against the dollar, closing on Tuesday at N998/$ at the official window and a staggering N1,225/$ on the black market, prompted the alarm by economists and marketers.

The Punch Newspaper reports. Bismarck Rewane, CEO of Financial Derivatives Company, argues that the subsidy wasn’t abolished, but merely reduced, leading to a hidden transfer of wealth from consumers to the government.

He made this known during a live television programme on ChannelsTV on Sunday.

He said, “At the inauguration, it was said that (fuel) subsidy was gone but subsidy was actually reduced.”

Buttressing his position, he explained, “There is the convergence of exchange rates and reducing the windows into one. The consequence of that is that money has been transferred from consumers to the government.

“Subsidies are reversed taxes; if you reduce them, you increase the people’s taxes and reduce their income. What has happened is that government revenue has increased by 44 per cent between May and June (2023). Money has been transferred to the government, but what is the government doing with it?

“The consumers, on the other hand, had a minimum wage, which in dollar terms was $40 in 2002. In 2019, it was about $70, but it has now been reduced to $24.”

Similarly, oil marketers said the subsidy on petrol was increasing considering the crash of the naira against the United States dollar and the cost of crude oil. They added that PMS should sell for N1,200/litre in a free market.

The Independent Petroleum Marketers Association of Nigeria (IPMAN) National Public Relations Officer, Chief Ukadike Chinedu, claims the petrol price should be around N1,200/litre, given the current dollar-diesel-petrol cost dynamic.

He believes the government is implementing a “quasi-subsidy” by absorbing half the potential price increase.

He said: “To be pragmatic in this analysis let’s consider the cost of petrol today in the United States. For premium petrol, it is $2.99, while super petrol sells for $3.15 or $3.10 depending on the part of that country where you are making the purchase.

“Now, $3 in Nigeria is over N3,000, because a dollar in the parallel market is over N1,000. You can also see the cost of diesel, that is over N1,000/litre, and it is important to state that petrol is usually higher in price than diesel in a free market.

“So if you consider the cost of diesel, dollar and other international factors, the price of petrol in Nigeria should be around N1,200/litre, but the government is subsidising it, which to an extent is understandable,” he stated.

“I also believe that there will be a reduction in the prices of petroleum products this year when you consider what the government is currently doing. The coming onboard of the Port Harcourt refinery and the supply of crude to Dangote refinery are good developments in the sector.

“Their operations will help stabilise the price of PMS and other petroleum products in Nigeria, because it will definitely cut down the importation of products,” Ukadike added.

Petrol is solely imported into Nigeria by the NNPCL. Presently, the commodity sells for between N617/litre to N660/litre.

Giving his take on the matter, the Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr Muda Yusuf, who corroborated the stance of marketers, said there was partial subsidy on petrol, but noted that the commodity was subsidised by the government for political, social and economic reasons.

Amidst the accusations, the NNPC has denied the claims of partial subsidy. Chief Corporate Communications Officer, Olufemi Soneye, dismissed the claims as “assumptions” and said that the government no longer subsidises petrol.

He said, “We prioritise our time on substantive matters rather than responding to assumptions.

“At NNPC Ltd, we prioritise national development through energy security and sustainable growth. We reiterate that the Nigerian government does not pay subsidy on fuel; we recover full costs from our imported products.

“As a global energy company, our focus remains on fostering a vibrant and energy-secure Nigeria.”

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BREAKING: EFCC detains social investment scheme coordinator over alleged N17bn fraud

by Folarin Kehinde January 3, 2024
written by Folarin Kehinde

A few hours after her suspension, the Economic and Financial Crimes Commission (EFCC) yesterday arrested the National Coordinator and Chief Executive Officer (CEO) of the National Social Investment Programme Agency (NSIPA), Halima Shehu.

She was still being detained as at press time last night.

Halima Shehu was picked up in connection with the movement of N17 billion from NSIPA account to some suspicious accounts within one week.

The interception and recovery of the cash followed some alleged payments of billions of naira by the agency without presidential approval.

It was learnt that the EFCC might have recommended Halima Shehu’s suspension to President Bola Ahmed Tinubu.

Her suspension, based on preliminary investigation, was to pave the way for an unfettered probe of the infraction.

Operatives of the commission, who were drafted to the National Coordinator’s private office and home, arrested her at about 8pm yesterday.

After searching her home and office, she was taken into custody at about 9pm for interrogation.

It was also learnt that the EFCC was closing in on a director of the agency, who was allegedly complicit in the huge payments into the suspicious accounts.

But, some crack operatives of the EFCC will today interrogate a former Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar-Farouq, for allegedly laundering N37, 170,855,753.44 during her tenure through a contractor, James Okwete.

The ex-minister has disowned the implicated contractor.

She might be quizzed today by a team of interrogators.

Investigation by our correspondent revealed that following intelligence, the EFCC uncovered “unusual movement of billions of naira” from NSIPA’s account.

A top source, who spoke in confidence, said: “The EFCC raised a red flag on the suspicious payments of billions of Naira into some individual and corporate accounts. Preliminary investigation showed that there was no presidential approval for the payment of such humongous funds.

“Pre-emptive steps were immediately put in place to track the suspicious funds. So far, about N17 billion has been intercepted and recovered from some accounts by this commission.

“Our team is working round the clock to trace the remaining billions of Naira suspected to have been laundered from the Social Investment cash.”

An EFCC source told our correspondent how the NSIPA boss was arrested.

He said: “Shortly after her suspension, EFCC operatives laid siege to her office in Maitama District but it took almost two hours to arrest her. While the siege lasted, the EFCC chairman directed that the operatives should not break into her office or her residence.

“Eventually, she was arrested and detained by our team. Her grilling immediately started based on preliminary findings.”

As at press time, it was gathered that the EFCC might have recommended Halima Shehu’s suspension, pending the conclusion of the ongoing investigation.

Before Halima’s appointment, she worked as the National Coordinator of the Conditional Cash Transfer Programme .

She also served with the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development between 2017 and 2022.

Investigation confirmed that the President wielded the big stick yesterday because Halima Shehu had earlier defied a presidential directive to work with the Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, to pay the outstanding and statutory stipends to beneficiaries of the N-Power programme before Christmas.

The N-Power programme was created by ex-President Muhammadu Buhari to address youth unemployment with the beneficiaries earning N30,000 monthly.

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