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Soludo To Interact With Anambra Indigenes Residing in Lagos

Anambra indigenes living in Lagos have concluded plans for a Town Hall with the Executive Governor of Anambra State, His Excellency, Prof. Charles Chukwuma Soludo CFR, on Thursday June 22, 2023 at the Colonades Hotel, Ikoyi Lagos.

The interactive session scheduled to begin at 5pm local time is organized by the Anambra State Liaison Office in Lagos led by Chief Leo Chiegboka and the business community.

With the theme: “Fostering Development and Collaboration,” Ndi Anambra, especially investors living in Lagos, will have ample opportunity to engage Governor Soludo on key developmental issues with a view to determining how best to collaborate in moving the State forward in line with the governor’s infrastructural and economic development strategies.

Hosted at the Collonades Hotel, No. 21, Alfred Rewane Road, Ikoyi, Lagos, the event will feature all high-flying Anambra businessmen and investors residing in Lagos. List of expected attendees also include members of the Association of Anambra State Development Unions, AASDU, leadership of clubs/market associations, women and youths along with some ANSEC members who will accompany Governor Soludo to the Town Hall.

Mr. Chiegboka, the State Liaison Officer in Lagos said the forum will discuss all
groundbreaking initiatives, roadmaps of the Soludo administration and decide areas for guided interventions to overcome challenges and optimize all opportunities for partnerships and
accelerate the development of Anambra State.

“The meeting will address various critical areas of concern, including investment, emphasizing the importance of “Aku luo uno” (bringing investments back home), security, revenue development, community engagement and emphasize the importance of obtaining Certificates of State of Origin”, Chiegboka said.

Chiegboka also said: “During the meeting, Governor Soludo will share his vision for Anambra State and seek the support and partnership of Ndi Anambra living in Lagos to achieve sustainable development goals. The aim is to establish Anambra State as the best place for any type of investment and ensure its growth and progress in various sectors.

“Additionally, the meeting will address the negative narratives surrounding Ndi Igbo, seeking ways to provide the correct perspectives and promote positive image for Ndi Anambra.

“It will explore the reasons for perceived dislike and highlight the excellent spirit and productive nature of the Igbo community”.

According to Governor Chukwuma Soludo, “Our aspiration is to change the trajectory/narrative of Anambra from being a departure lounge to a destination.”

Governor Soludo will present key development projects, including the dredging of the three channels for South-East access to the Atlantic, the construction of Anambra-Lokoja Road, gas Pipelines across states, railway lines, and the 2nd Niger Bridge. These projects are vital for the state’s progress and will significantly contribute to its development.

“Ndi Anambra residents in Lagos are encouraged to attend this town hall meeting to actively participate in shaping the future of Anambra State and contribute to its growth and development”, Chiegboka said.

“Together, we can bridge the gaps, foster collaboration, and build a prosperous and united Anambra State.”

The Liaison Officer also hinted that “Participants will discuss specific challenges related to community issues, economic development, government policies, public safety, education,
transportation.

“The meeting will propose actionable solutions and strategies to address these challenges collectively,”

OUR CERTIFICATES ARE ALL STOLEN- Dr Maduka

 

_By Dr. Sunny Oby Maduka (DSM), Independent Newspaper, Saturday June 10, 2023_

Frankly speaking, I must commend PMB for making a mockery of all our claims to have been educated in higher institutions.
In fact, and with PMB’s maradonic manipulations, I have come to the conclusion that even the cows that PMB showcased as his personal favourite in farming vocation are much more intelligent than most of us who claimed that we went to Oxford, Cambridge and other Ivy Universities.

PMB came, he saw how hollow our claimed credentials were, and he did not only messed us up, he conquered our stupid educated brains.
This is a man who ruled us without any known certificate, and the foolish Nigerians who have always felt that they are learned, defended PMB, and even swore an oath that he was the best qualified to lead a horde of 200 million educated illiterates.

PMB must be commended for his ability to mess up whatsoever qualifications that we’ve been dangling as our own achievements. Our own kind of educated illiterates has no equal, especially when a Professor has to take instructions from someone whose certificate was a WAEC attestation. What else could one say if in a society of thieves, an armed robber is hailed as the best of all? This was how we have degenerated, and when next someone brags about his or her certificates, remind him or her that there was a time in the history of Nigeria, when a ‘certificateless’ man ruled.

Today, that man has become a patriot, statesman and whenever the council of state meeting is called, he will be accorded the honour to continue to decide the fate of millions of those whose certificates were probably bought in ‘Oluwole’ institutions. If you earned your certificates as a human being, you shouldn’t be amongst the illiterates that will defend someone who has nothing as educational qualifications to show. It’s an aberration that we claimed to have been educated and yet behave as people with certain spells of thoughts.

The same scenario is playing right now in our midst with our present president (BAT), whose degree certificate is alleged to bore a female gender identity. A person whose identity has all demeaning character flaws. Guess who are defending him…those who claimed to be learned. What money cannot do in Nigeria can only be possible when death calls?

“One of the greatest attributes of education is that it has the ability to expunge certain spells of ignorance from our raw brains, and the essence is to ensure that whosoever we indulge in, a thorough analysis is conducted with a view to debunking false assumptions, statements, postulations, concepts and theories.” – DSM.

PMB has indeed come and conquered the entire country, and I am really ashamed of the kind of education and morality values and standards that the presumed educated people have in Nigeria. It was so sad that the best legacy of PMB was his love for loans, and who will blame him, after all, most of our NASS members were all great men and women, who flaunt their educational qualifications with impunity, and at the end, bequeathed us with over N70 trn debt. Most of those being hoodwinked were products of Ivy Universities.

Yes, many Nigerians will argue that when GEJ was in the shadows of his stewardship as a Doctorate degree holder, what were his economic, political, sociocultural and infrastructural layouts? GEJ didn’t equally merit his qualifications in view of the high level of corruption in his reign, but at least, GEJ didn’t rule Nigeria with impunity and nepotistic audacities. He wasn’t as cruel as PMB, and hence, as worst as GEJ was, PMB sad tenure was all in geomagnetic dimension.

PMB was the head of government and at the same time the Minister of Petroleum. As the head of state, he was the Commander In Chief of the Armed Forces, but he ended up with the highest number of Nigerians that were murdered ingloriously and displaced from their ancestral homes. As educated illiterates, we defended his subtle approach to Fulanis incursions through certain policies such as RUGA, Cattle Route Restoration, Waterways and other allied policies. Guess who were in forefront of passing such absurd laws, and you don’t need to crack your brain, they’re all in NASS chambers, highly educated illiterates. As a Minister of Petroleum, a whopping sum of about $5.8 billion and over N11 trillion were alleged to have been spent on the moribund refineries and fuel subsidies respectively. Sadly and with all our petroleum engineers and professors, no one dares explain to Nigerians on why we are still importing petroleum products.

With high revenue yields from crude oil and gas, Nigeria has been degraded as a poverty capital with about 133 million Nigerians under poverty line. Yet, all our academic qualifications failed woefully for us to explain why Angola, Saudi Arabia, Kuwait, Qatar and other petroleum producers’ countries are enjoying the fruits of their endowed natural resources. As at today, the Angola currency, KWANZA is still maintaining a higher rate than dollar. Angola, within few years, are now investing in foreign countries, and yet, we have many educated illiterates with much funfair Army Generals in the midst of our oil stealing sprees. We gave our oil blocs to Nigerians and foreigners who have questionable characters. While leaders of other countries are exploring and exploiting their natural resources for the benefits of their citizens, Nigerians are being slaughtered, and at the same time, denied the rights to social amenities, and of course, with authoritarian policies. If you speak against this brazen rape of Nigerians by the vampires in leadership, the first set of people who will come after you will be the learned social media analysts, security agencies, who take the sinister instructions from our ‘certificateless’ oppressors.

PMB exhibited all manners of oppressiveness, and he did it without any iota of remorse, and in collaboration with Sycophants and Stooges, who claimed that they earned their academic qualifications and achievements ideally. As a matter of fact, we are all guilty of our claims when we can’t stand up to exhibit what we have learned. If we can’t defend our academic qualifications at certain times when the vulnerable in the society expect us to help them, we have all stolen our qualifications, and should be ashamed to pride on our empty heads.

Please note, I am not in any way strictly stating that it’s only the academic learned Nigerians that have the legitimate or best interests or knowledge to pilot the affairs of Nigeria. No, wisdom and knowledge can be inferred or acquired by Divine providence or human apprenticeship respectively. But when a society defines certain academic qualifications as part of the criteria for its leadership enthronement, the ideal becomes the critical analysis of what such qualifications have been able to achieve within the spheres of the society’s governance systems. In Nigeria today, it’s an absurd experience for us to have thousands of academic professors or learned men all over the world, and these people are great innovators within and outside Nigeria, but at the time of choosing who leads Nigeria, we pride ourselves on hoisting people whose academic qualifications are zero, people whose characters are fraudulent and who have nothing upstairs in term of leadership enthusiasm or empathy except fraudulent acts. That’s why since the forth Republic in Nigeria, a thorough assessment of most of our leaders shows that most of them are selfish and insatiable rogues, with no single idea of how to build Nigeria as a country. The only language they understand is divisive behaviour through the instrumentations of tribal and religious intolerance and violence politics. There’s nothing else in their medulla brains than just to answer Governor, President, Senator, Honourable, and hence, they’re ready to kill, maim and destroy anyone who wants to stop or speak out against them. They have weaponized poverty, and as such, have made politics a business opportunity for the rich. They have cleverly shaped the politics into ‘IT’S MY TURN.’ It doesn’t matter whether you have the mental alertness or physical abilities, once it’s your turn, YOU CLAIM IT, GRAB IT AND RUN WITH IT. An initiation of MONEY TALKS AND YOU OBEY.

“Leadership is all about prudent and conscious position that an occupier must have, and in addition to an accurate understanding that he or she is first of all, a citizen, who’s power and authority are derived from the citizens, and with ultimate responsibilities to protect them and to provide certain basic amenities for their present survival and future generations continuity.”

PMB must be a study of itself, and the reason could be to ascertain the kind of spells template he used in deceiving those who claimed to be educated. Was it that his smiles were infectious or that his stone face was deadly? I kept on wondering how come that most Nigerians who claimed that they were educated followed PMB like Zombies for the past eight years without going back to review their past educated study notes. We were all confused bunch of Confusionists, and today, PMB has left Nigeria in chains. Yet, those who claimed that they are educated are still hailing him till date as the best thing that has ever happened to Nigeria.
Are we not CURSED?

Well, who will blame PMB, after all, the fraudulent 2023 elections were all conducted by professors. These are intellectuals, who ought to maintain the highest standards of morality values. We have equally seen certain ugly judgements by those who claimed to be learned judges. Judgement of number four ranked graduate being given a pass mark to be a first class winner, and today, he’s in charge of a state. We have seen judgements where candidates who were not part of their parties primaries being declared as winners of elections that they were not primarily part of.
We have seen journalists being pocketed by criminals in leadership positions because of few colourist brown envelopes. These are supposed to be men of honours but who have messed up their academic achievements and qualifications.

PMB, at the last days of his tenure, took all Nigerians round their mental delusions, with our bogus qualifications, we hailed him as he commissioned projects that were yet completed. The Newspapers and all media houses carried the news as if they’re bereft of their own mental health analysis. We make mockery of ourselves while promoting the illusionary projects. A typical example was the Dangote Refinery. Experts have propounded that the refinery won’t commence operations until 2024 or thereabout. Yet, we made so much funfair as a people under the influence of mental disorders. Dangote Refinery, though hailed as an individual great initiative, was the reason why we can’t access BTA, PTA or use our ATMs in foreign countries to access dollars or pounds. PMB and Emefiele gave Dangote Refinery a priority over our wellbeing, as such, while we struggle to get forex at an exorbitant rate of N750 per dollar, Dangote has a windfall of N169 per dollar. All our forex were all channelled into Dangote Refinery while the citizens were suffering. Nobody, not even those who claimed to be highly educated challenged the excesses of PMB’S impunitive policies. PMB was not only complicity and complacency, but he never gave any hoot about accountability in his regime’s stewardship scorecard. Rather, we dust up our archives, and only to praise a woeful failure. We gathered to galvanize failures, and even as we pride on the emptiness of our academic laureates.

PMB has bequeathed Nigerians with elections, globally observed as the worst ever happened in Nigeria. The reality of this sad complacency is that a regime that started on fraudulent pedestal through INEC select process has put all Nigerians in a quagmire of fuel subsidies wahala. All Nigerians are tasting the first fruit of a fraudulent selection process.

To cap our stupidity, the Minister of Aviation, a relative of PMB stunned all Nigerians when he bought 10 fire trucks at a whopping sum of N12 billion Naira, and till date, no inquiries, especially from the procurement compliance unit of FGN.
To crown the madness, PMB’S regime made a fool of all citizens when it rented an aircraft from Ethiopian airlines that was flown from Isreal. The plane was painted in Air Nigeria colours, and while we watched as Mumurists, FGN did a sham unveiling presentation in Abuja on the 26th of May, 2023, and within 24 hours, flew the plane back to Ethiopia. The same plane was then rebranded back in Ethiopia Airlines colours and an estimated N139 billions wasted. Those who claimed to have the best qualifications in aviation and transport studies did nothing to prevent or even explain to Nigerians about the true nature of what transpired.

Today, all Nigerians are suffering from the obnoxious policies system of PMB as it connects to fuel subsidies scam. Nigerians have demanded for the list of the beneficiaries of the fuel subsidy scheme, and guess those who are opposing the people’s demand, the same oppressors, who claimed to have academic status that were devoid of questions. The same hordes of academic wool -winks, who may probably be part of the fuel subsidy scam are defending the status quo. How can any sane person defend NNPC’s corrupt infested leadership that has not been able to account for an alleged over $11billion revenue for last years? How can we be brainwashed to the extent of asking NNPC management about the crude oil swap arrangement that will make Nigeria not to spend a dime on a refined product sent back to Nigeria? NNPC has not remitted any money to the federation account for months or even years as alleged, but it’s using fuel subsidies as collateral. Can NNPC tell all Nigerians the total accruable income from the removals of subsidies for diesel and kerosene? The entire Nigeria is a scam, and NNPC must be made to account for all moneys accruable to the citizens of Nigeria urgently, and anyone found culpable to this heinous crime should be sentenced to death without any options. These greedy people have sentenced many Nigerians to their early graves, and why should they not taste the same oppressive medicine that they did prepare for Nigerians these years.

PMB’s regime recorded the highest number of strikes ever witnessed in Nigeria, especially with the ASUU and Medical Practitioners. Our healthcare and educational systems were nearly destroyed, and hence, we have the highest JAPA Syndromes of our children on educational pursuits and medical personnel being poached abroad.

It has become more interesting when NLC called for a national strike in protest against the fuel pump price increase from N185 to N537 per litre. As expected, many beneficiaries will kick against the strike. It’s the beauty of democracy. Everyone is not expected to hold on to the same view as others. I wasn’t really perturbed about the government defence mechanism against the NLC strike, and which was equally expected. But I became worried when the entire process was turned into tribal and political party sentiments. The same people who claimed to earn certificate qualifications legitimately were the first to accuse the NLC President, Comrade Ajero as using the strike action to further Obi’s election petition. Their flimsy reasons were that Comrade Ajero was an Igbo man and that Labour Party was fully involved in politics during the campaign period. I was amazed at such contorted views. That means that when Comrade Adam Oshiomhole called for strikes those days, he wasn’t partisan. In 2012, when all civil societies, NLC and activists gathered at Freedom Park in Ojota to denounce GEJ fuel price increase and removal of subsidies, wasn’t Labour Party in existence? Even PMB and BAT championed the movement that time in collaboration with the NLC, and yet, it wasn’t partisan for NLC to call for strikes then, but now.

“In Nigeria, citizens are ready to die in defence of fraudsters in government circles, especially when tribe or religion identity must be promoted; and in return, they are made to pay for the failures of their oppressive leaders in a collective misery”

PMB dealt with the Igbos, especially in obeying the court verdicts to release MNK. He equally denied the SE of anyone as a representative of SE in the military hierarchy. He boldly derogated the Igbos as a DOT, and unfortunately, the only visible thing built was the second Niger Bridge. For everyone’s information, the second Niger Bridge is not a project for the SE alone. The beneficiaries are beyond SE, because most SS states are within the same boundaries as SE that will benefit from the bridge project execution.

In our blindness, we refused to accept the abracadabra of PMB when he built a Refinery in Niger Republic. Open the Northern borders while the South was under keys and locks. We failed woefully to appraise how much was expended on the constructions of railway, highways and vehicles dashed to Niger Republic while our infrastructures were glorified dead traps. But each time I talked about the wastages of PMB, I would be reminded of second Niger Bridge and then annexed as a tribal bigot. Whether it’s true or not, a video clip of a magnificent palace was shown as PMB’S residence in Niger Republic, and that could be the reason why he said that, if Nigerians disturbed him, he would relocate to Niger Republic. A tale of an oppressor telling you that he owns you, and that you can’t question his stewardship.

The irony of obtaining big certificates in Nigeria is that, it can make the owners the most foolish persons, dafts, sycophants, stooges, lazy, pretenders, and at the same time, can stoop so low to serve fraudulent illiterates just to survive as slaves. This is the summarized reality of most Nigerians who brag over their academic credentials but end up as paranoids in plagiarism and low life esteem for morality values and principles. These are the agonies of a society where evil vices are applauded while right-doings are shunned….a society that prefers their oppressors to lead them, and at the end, the citizens are quarantined in the dustbin as a people without any sense of their own. A self-made tragedy that has ruined Nigerians, and unfortunately, we are back to the same track as the past damaged tracks in 2023.

“A society where many professors, lawyers, judges, businessmen, journalists, bankers and politicians with bogus certificates are used to defraud the vulnerable citizens of a nation is probably a citadel of STOLEN CERTIFICATES.”

By Dr. Sunny Oby Maduka (DSM), Independent Newspaper, Saturday June 10, 2023_

BREAKING: Tinubu dissolves boards of parastatals, agencies, institutions, government-owned companies

President Bola Ahmed Tinubu has approved the immediate dissolution of the Governing Boards of all Federal Government Parastatals, Agencies, Institutions, and Government-Owned Companies in the exercise of their Constitutional Powers and in the Public interest.

The dissolution, according to a statement signed by Director, Information, Willie Bassey for Secretary to the Government of the Federation on Monday night, does not, affect Boards, Commissions and Councils listed in the Third Schedule, Part 1, Section 153 (i) of the 1999 Constitution of the Federal Republic of Nigeria as amended.

The new boards are constituted, the Chief Executive Officers of the Parastatals, Agencies, Institutions, and Government-Owned Companies are directed to refer matters requiring the attention of their Boards to the President, through the Permanent Secretaries of their respective supervisory Ministries and Offices.

The statement said, “In view of this development and until such a time new boards are constituted, the Chief Executive Officers of the Parastatals, Agencies, Institutions, and Government-Owned Companies are directed to refer matters requiring the attention of their Boards to the President, through the Permanent Secretaries of their respective supervisory Ministries and Offices.

“Permanent Secretaries are directed, also, to route such correspondences to Mr President through the Office of the Secretary to the Government of the Federation. Consequently, all Ministries, Departments and Agencies are to ensure compliance to the provision of this directive which took effect from Friday 16th June, 2023.

“Permanent Secretaries are particularly directed to inform the Chief Executive Officers of the affected Agencies under the supervision of their respective Ministries/Offices for immediate compliance.”

BREAKING: Tinubu Retires Service Chiefs, others

President Bola Tinubu has approved the immediate retirement of all Service Chiefs and the Inspector-General of Police, Advisers, and Comptroller-General of Customs from Service as well as their replacements with immediate effect.

This was contained in a statement by the Director, Information, Office of the Secretary-General to the Federation, Willie Bassey, on Monday.

The newly appointed Officers are:

Mallam Nuhu Ribadu ,.National Security Adviser

Maj. Gen. C.G Musa, Chief of Defence Staff

Maj. T. A Lagbaja, Chief of Army Staff

Rear Admirral E. A Ogalla, Chief of Naval Staff

AVM H.B Abubakar

Chief of Air Staff

DIG Kayode Egbetokun Acting Inspector-General of Police.

(7) Maj. Gen. EPA Undiandeye

Chief of Defense Intelligence.

Mr President has also approved the following appointments:

( 1) Col. Adebisi Onasanya Brigade of Guards Commander

2 Lt. Col. Moshood Abiodun Yusuf 7 Guards Battalion, Asokoro, Abuja
3. Lt. Col. Auwalu Baba Inuwa177, Guards Battalion, Keffi, Nasarawa State

4 Lt. Col. Mohammed J. Abdulkarim102 Guards Battalion, Suleja, Niger
5 Lt. Col. Olumide A. Akingbesote 176 Guards Battalion, Gwagwalada, Abuja

 

Similarly, the President has approved the appointments of other Military Officers in the Presidential Villa as follows:

(1) Maj. Isa Farouk Audu
(N/14695)Commanding Officer State House Artillery

(2)Capt. Kazeem Olalekan Sunmonu (N/16183)Second-in-Command, State House Artillery

(3) Maj. Kamaru Koyejo Hamzat (N/14656)Commanding Officer, State House Military Intelligence

(4) Maj. TS Adeola (N/12860)Commanding Officer, State House Armament
5Lt. A. Aminu (N/18578)Second-in- Command, State House Armament

Mr. President has also approved the appointments of two (2) additional Special Advisers, and two (2) Senior Assistants, namely:

1 Hadiza Bala Usman

Special Adviser, Policy Coordination

2 Hannatu Musa Musawa

Special Adviser, Culture and Entertainment Economy.

3) Sen. Abdullahi Abubakar Gumel

Senior Special Assistant , National Assembly Matters (Senate)

4) Hon. (Barr) Olarewaju Kunle Ibrahim Senior Special Assistant, National Assembly Matters (House of Representatives)

Finally, the President has approved the appointment of Adeniyi Bashir Adewale as the Ag. Comptroller General of Customs.

It is to be noted that the appointed Service Chiefs, the Inspector-General of Police and the Comptroller General of Customs are to act in their positions, pending their confirmation in accordance with the Constitution of the Federal Republic of Nigeria.

Tinubu Loses Case to throw out Law Suit Challenging his Qualification

The Presidential Election Petition Court dismissed an attempt to discard the Allied Peoples Movement petition challenging the qualification of President Bola Tinubu of the All Progressives Congress.

This followed a recent verdict by the Supreme Court, which ruled in a similar matter it filed before the PEPC.

Counsel for Tinubu, Wole Olanipekun, SAN, informed the court on May 30 of the judgement, which, according to him, appears to have resolved the same issue the APM has brought before the court.

He had referenced the Supreme Court’s decision of Friday, May 26, that dismissed the suit filed by the Peoples Democratic Party, which prayed the court to nullify the ticket that produced the president and his vice, Kassim Shettima, on grounds of double nomination.

Olanipekun sought to know if the decision of the Apex Court does not affect the case of the APM, which is also challenging the outcome of the election on the grounds of using a placeholder, Kabir Masari, for the elected vice-president, Kassim Shettima.

At the resumed hearing on the petition on Monday, counsel for APM, G.A. Ijiagbonya, informed the court that he still wants to go ahead with the case despite Olanikpekun’s reminder of the apex court’s judgement.

Ijiagbonya said he has received the Supreme Court judgement sought to be used to terminate APM’s petition.

He, however, sought a one-week adjournment to obtain a vital document from the Independent National Electoral Commission.

Following this, the chairman of the five-man panel, Justice Haruna Tsammani, held that the party cannot be shut out in the face of a fair hearing.

Justice Tsammani asked Tinubu to keep his objections against the hearing of the petition until the final address stage of the court’s proceedings.

Similar objections raised by APC, through its counsel, Charles Edosomwen, SAN, against the petition on the same ground were turned down by PEPC for the same reason.

In a brief ruling, Justice Tsammani fixed Wednesday, June 21, for the hearing of the petition.

The APM, through its legal team, said it would open and close the case on the same day.

The party will also call one private witness to testify in aid of the petition against Tinubu.

(Punch)

Anambra Government Arrests Moniepoint Manager Over Unremitted Taxes

Anambra State Internal Revenue Service (AIRS) has arrested the coordinator of Moniepoint in-charge of Anambra, Mr. Ndubuisi Anadi over alleged diversion of taxes paid by members of the public and removal of the state government payment system.

The Executive Director of AIRS in charge of Operations and Other Revenues, Dr. Christian Madubuko disclosed this in Awka after the arrest.

He also revealed that Moniepoint service may be banned in the state.

The state government had engaged the services of Moniepoint to assist in taxes collection in the state.

The arrest followed complaints that taxes paid into government account by Anambra people through the platform, did not get into the state government’s central system.

According to Madubuko, they discovered that about 1,200 taxes paid through Moniepoint were diverted and that the bank removed government payment system without any notification.

“We have been receiving complaints of people paying their taxes but hey were not reflecting.

“So, we commenced investigations and found that many payments made from one Moniepoint PoS since April this year, have not reflected in the state central system.

“The investigation is just from one PoS and we have many others across the state and you can imagine what is going on. It shows that these monies which we have their receipts were diverted.

 

“We have requested for the agreement between the AIRS and Moniepoint but we have not received that. What they gave us instead is the list of Moniepoint locations across the state. That is why we arrested the coordinator of Moniepoint in the state,” he said.

Dr. Madubuko further said that Anadi would be charged to court and if found guilty would face the full wrath of the law.

On his part, Anadi said the company received several notifications that payment made by taxpayers did not reflect in the government’s account.

He explained that it was a glitch in the system whereby transaction will hit Moniepoint platform but will not reflect at the Central Processing System.

“We were notified about the glitch and as at today, our tech guys are working on the issue to address the problem and find out what actually happened.

“We had resolved the glitch. The money is in government account and we are working to prove that,” he said.

When questioned about removal of government payment system, Nnadi admitted that they removed it without due notification to the government, lamenting that it was removed due to the huge loss recorded by their business owners.

Tinubu Orders CBN To Freeze FGN Agencies  Accounts

As part of the ongoing efforts at taking firm control of his Administration, President Bola Ahmed Tinubu has reportedly directed the Central Bank of Nigeria CBN to stop further payments to the Ministries, Departments, and Agencies, MDAs, of the Federal Government till further notice.

A presidency told the Saturday our Reporter in Abuja on Friday that the Presidential order was issued before the embattled CBN boss Godwin Emeifiele was suspended and handed over to the Department of State Services DSS for further action.

According to the source, the directive which came immediately after President Tinubu assumed office was to ensure accountability in the MDAs and to prevent looting of government treasury.

The source said that the directive was total and clear, with no exception.
Investigation revealed that following the development, the MDAs to have placed a total embargo on payments to their creditors till further notice and as well finding it difficult to operate as no more money coming from the government, CBN

A Director General of a federal Government Agency who confirmed the development to our Reporter in confidence said that the directive had grounded operations for the second weeks running now as the Agency had no money to run its operations.

According to him, “Federal Government has placed an embargo on CBN to stop further payments to the MDAs, we are not expecting money from anywhere, debts are piling up, even money we are owing Media Houses for advertisements, we have no money to settle the debts.

” The saving grace we have is that the staff salaries are being paid directly from the office of the Accountant General of the federation, I think the situation will be normalized very soon”.

This came just as President Tinubu approved the suspension of the Assistant Director In Charge of the Integrated Personnel and Payroll Information System (IPPIS). and others In the Office of the Accountant General of the Federation, OAGF, for alleged Salary Padding
It was gathered that the Assistant Director at the OAGF in charge in charge of staff salary was alleged to have connived with some staff to pad up the salaries of an unspecified number of lower-level staff.

 

According to findings, many civil servants across several Ministries, Departments, and Agencies (MDAs), including the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) and Office of the Accountant General of the Federation (OAGF), have been suspended for alleged salary padding on the Integrated Personnel and Payroll Information System (IPPIS).

The development was confirmed by a top official in the office of the Accountant General of the Federation, who hinted that those identified had been placed on suspension pending investigation.

According to him, “The scam was discovered when a level 7 officer whose salary should be in the range of N60,000 was paid over N400,000, which was in the range of a salary package of a Director.

” The salary padding racket had been on for a while among a small clique of civil servants in different MDAs with the IPPIS office in the OAGF as the epicenter.

The source further hinted that ” a staff suspected to be connected with the breach has been suspended to allow for a thorough investigation.”

“All necessary steps are being taken to strengthen the controls around the IPPIS payment platform, and an independent forensic audit of the entire payroll system is underway to ascertain if the reported breach is isolated or widespread,” the source further added.

Source: Tribune

Naira Appreciates to N663/$1- IMF to Support Nigeria

The naira traded at 663.04/dollar at the close of business on Friday after a free fall following the Central Bank of Nigeria’s floating of the national currency against the dollar and other global currencies.

This means that the currency appreciated by about 5.9 per cent within 24 hours from the N702.19/dollar recorded at the close of business on Thursday.

According to data from the FMDQ Securities Exchange, the naira hit N664.04/dollar at the close of trading at the I&E Window on Wednesday and N702.19/dollar on Thursday after the CBN directed Deposit Money Banks to remove the rate cap on the naira at the official Investors’ and Exporters’ Windows of the foreign exchange market.

The CBN’s decision to float the currency was hailed by the organised private sector and economists who said the move would unify the country’s multiple exchange rates and boost the FX market.

The development means buyers and sellers of foreign currency in the official FX markets are now allowed to quote rates they find comfortable in the FX market, as against the previous practice where rates were dictated by the CBN.

While the official rate appreciated, there was depreciation on the parallel market, which opened at N750/dollar and closed at N760/dollar on Friday.

However, in a recent projection, the global investment bank Morgan Stanley, stated that the naira is expected to appreciate at the parallel market rate.

The bank stated this in a publication titled Nigeria Sovereign Credit Strategy ‘No Longer Pumped’.

The report suggests that as more flows are redirected through formal banking channels, the unit will experience appreciation in the near term, leading to a convergence between the I&E rate and the parallel market rate.

Also, JP Morgan, in a commentary, said that the official naira exchange rate to the US dollar would steady in the months ahead.

The bank views the recent policy announcements as positive surprises, supporting a constructive view on Nigeria’s sovereign credit.

However, the multinational financial services firm expects the local currency to jump to at least the rate on the black market following initial pressure from a monetary policy reset.

In a statement on Friday, the Resident Representative for Nigeria of the International Monetary Fund, Ari Aisen, expressed the organisation’s support for the unified exchange rate.

He also assured of the IMF’s support in implementing foreign exchange reforms in the country.

The statement read, “The Fund greatly welcomes the authorities’ decision to introduce a unified market-reflective exchange rate regime in line with our long-standing recommendations. We stand ready to support the new administration in its implementation of FX reforms.”

The PUNCH further learnt despite unifying exchange rates, the CBN has said that the status quo remains on the 43 non-eligible items banned from the forex market introduced under the suspended governor, Godwin Emefiele.

According to the information contained in a Q&A document published on the bank’s website, the items are not permitted to be funded from the I&E window.

The stated, “The status quo remains on the 43 non-eligible items. The items are not permitted to be funded from the I & E window.”

The PUNCH earlier reported that Nigerians imported not less than nine items worth N18.12tn from the forex ban list of the CBN between 2016 and 2022.

According to an analysis of Nigerian Foreign Trade reports of the National Bureau of Statistics from 2016 to 2022, items such as crude palm oil, vegetable products, animal products, meat, vegetable fats and oil, steel products, rubber, plastic, clothes, and textiles were imported from various countries.

In a different report, The PUNCH stated that despite the unavailability of forex for banned items by CBN, Nigerians imported five items worth N543bn in the first quarter of 2023.

(Punch)

Tinubu Economic Revolution: The Proposal

The Policy Advisory Council of President Bola Ahmed Tinubu, has recommended the declaration of a state of emergency on revenue generation in the country.

The council also proposed the merger of the Federal Inland Revenue Service (FIRS), Nigerian Customs Service (NCS), and the Nigerian Maritime Administration and Safety Agency (NIMASA) into the Nigerian Revenue Service (NRS) in order to enable an efficient collection of all direct and indirect taxes, as well as levies on behalf of the Federal Government.

According to submissions made by the National Economy Sub-Committee, the policy will be aided by the passage of an Emergency Economic Reform Bill, which will grant the President special powers to drive the economic reform agenda and support the delivery of sustainable and inclusive economic growth.

The council further outlined the removal of fuel subsidy, sale or concession of select government assets, transition to a transparent and unified foreign exchange rate system, deepening tax collection and optimization of operating expenditure to reduce cost, as targets to be pursued by the President towards the achievement of some milestones within the first 100 days in office.

Members of the Policy Advisory Council are Senator Tokunbo Abiru (chair), Dr Yemi Cardoso, Sumaila Zubairu and Dr. Doris Anite. A copy of the report submitted by the panel was obtained by our correspondent on Friday.

The council’s report, which focuses on fiscal and monetary policies, industry, trade and capital market reforms, emphasised that changes in the Central Bank of Nigeria and temporary increases in fiscal circuit breakers such as debt limits would help achieve N1trn Gross Domestic Product growth and over 50 million jobs for citizens in eight years.

The 90-page document further proposed that reforms in the CBN will help achieve about $50bn-$60bn in external reserves, with a monthly inflow of at least $6bn-$8bn from export earnings and other forms of capital inflow, to support the policy at an exchange rate of N500-N600/$.

On fiscal policies to be implemented, the council advised on the need to achieve a domestic refining capacity of two million barrels per day, while creating economic opportunity for the host communities.

They also proposed one-off Personal Income Tax reliefs for low-income earners for up to one year as non-cash palliatives to cushion the effect of fuel subsidy removal.

The advisory read, “Ramp up production capacity to four million barrels from offshore and onshore assets within four years and grow crude oil revenue and savings into ECA and NSIA.

“Formalise illegal refineries and encourage modular refineries to create economic opportunity for the host communities.

“Aggressively grow domestic refining capacity to 2 million barrels per day in the next 8 years, including modular refineries.

Other fiscal recommendations proposed include, “a policy directive that ensures proceeds from the sale of assets to settle existing FGN debt obligations.

“List shares of strategic and profitable NNPC subsidiaries. Privatise, concession or sell down FGN’s stake in corporate assets to partners and other investors (possibly with a buyback option) to generate liquidity in the short to medium terms (focus on sub-optimal assets e.g., NNPCL refineries).

“Leverage blockchain to create and provide access to a Government land registry and regionalise and concession the power transmission grid.”

Furthermore, the advisory council proposed the extension of old naira circulation till December 2024 in order to resolve the cash shortage situation, if required.

It also advised a five per cent monthly gradual removal of the old notes and replacement with new notes through the deposit money banks.

They said, “Extend the December 31st, 2023 deadline to December 31st, 2024 (if required), and bring in new notes through the deposit money banks by 5% monthly and take out the old notes through the deposit money banks by the same 5 per cent to solve cash shortage.”

The policy added, “To transform Nigeria to become Africa’s most efficient trading nation, decongest the area up to 4km around the ports and designate them for cargo, roads and railway, enforce the Presidential directive on 48hr clearance of goods at seaports in line with Executive Order 001, redefine the performance measures of key agencies of government to emphasise trade facilitation and set up a whistle-blowing mechanism that enables and empowers transporters to report and escalate issues with the various authorities while transporting food and other critical items.”

Open Letter To Prof Chukwuma Soludo

Open Letter To Prof Chukwuma Soludo,

Dear Mr Governor,

I do not think that the number of subjects in secondary school  system in Anambra State are necessary. You are revolutionary minded Public Servant  and I think that our children should be exposed to relevant subjects that will prepare them for the challenges of 21st century.  The subjects are listed below;

1. English
2. Maths
3. Igbo
4. Civic
5. French
6. History
7. Basic Science
8. Basic Technology
9. Business Education
10. Information,Communication and Technology
11. Physical, Health Education
12. Agricultural Science
13. Home Economics
14. Christian Religious Studies
15. Security
16. Social Science
17. Moral
18. Cultural and Creative Art

The above subjects can be consolidated to achieve desired results and channel students energy towards problem solving.

I have observed that most of these subjects are obsolete in content ,hence urgent need for update to meet 21st century.

Kindly consider.

Ndubuisi Anaenugwu