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N100bn Deal with Newly Incorporated Company- Enugu Government Expains

The Enugu State Government has provided clarifications on why it entered into a N100bn deal with Pragmatic Palms Limited to revive United Palm Products Limited, a dormant asset owned by the state and established by the former Premier of Eastern Region, late Dr. Michael Okpara.

 

Reacting to a viral whatsapp text that showed that Pragmatic Palms Limited, the company that signed the deal with the state government, was incorporated on May 6, 2024, with the deal made public by the state government on May 9, 2024, the Senior Special Assistant to the Governor of Enugu State on External Relations, Uche Anichukwu, stated that “Enugu State Government IS NOT releasing N100bn or any dime to Pragmatic Palms Ltd. Instead, Pragmatic Palms Ltd, a Special Purpose Vehicle (SPV) for the partnership, will finance the revitalisation of UPPL.”

Refuting insinuations that it was unethical for the state government to enter into the deal with a newly incorporated company, Anichukwu, in a statement titled ‘Facts of the N100bn Deal to Revive Moribund Enugu State United Palm Products Ltd’, noted that because “several parties/investors are involved, it became imperative, as is the best international practice, to register a Special Purpose Vehicle (SPV) as the platform to transact the deal”.

Although the statement did not provide details on the bidding process, Anichukwu maintained that the interest of the state was protected.

 

The full statement reads:

The Enugu State United Palm Products Ltd., UPPL, is one of the numerous initiatives of the former Premier of the defunct Eastern Region, the late Dr. Michael Okpara, and had lain fallow for decades.

As a government focused on agriculture and agro-industrialisation, UPPL was, expectedly one of the many moribund assets penciled down for revitalisation by Governor Peter Mbah in line with his campaign promise to convert the state’s dormant assets to productive assets and grow the state’s economy exponentially from the current $4.4bn to $30bn through private sector investments. This culminated in the N100bn deal between the Enugu State Government and Pragmatic Palms Ltd., a subsidiary of Diamond Stripes Ltd. on Thursday, May 9, 2024 after months-long negotiation and due diligence that started way back in 2023.

THE N100BN DEAL

 

Enugu State Government IS NOT releasing N100bn or any dime to Pragmatic Palms Ltd. Instead, Pragmatic Palms Ltd, a Special Purpose Vehicle (SPV) for the partnership, will finance the revitalisation of UPPL. Pragmatic Palm Ltd. will provide finance for 60 per cent of the transaction value, while the Enugu State Government will provide the plantations valued as 40 per cent equity.

INCORPORATION OF PRAGMATIC PALMS LTD

Because several parties/investors are involved, it became imperative, as is the best international practice, to register a Special Purpose Vehicle (SPV) as the platform to transact the deal. Pragmatic Palms Ltd. was duly incorporated before the signing of the agreement.

 

For the avoidance of doubt, however, although it is not the case in this instance, it is apposite to also note that the Companies and Allied Matters Act (CAMA), 2020, provides for Pre-incorporation Contract.

Section 96 (1) of CAMA, 2020, provides: “Any contract or other transaction purporting to be entered into by the company or by person on behalf of the company prior to its formation may be ratified by the company after its formation and thereupon the company shall become bound by and entitled to the benefit thereof as if it has been in existence at the date of such contract or other transaction and had been a party thereto.”

CORPORATE GUARANTOR (DIAMOND STRIPES LTD)

As demanded by the Enugu State Government, Pragmatic Palms Ltd. provided a guarantor, which is Diamond Stripes Ltd, a reputable and huge company that has done investments worth over $20bn spanning power and renewable energy sector, port sector, and agricultural sector since 2013. Diamond Stripes Ltd. is the sole investor in Onitsha River Port and has invested heavily in the agricultural sector where it is the largest owner of silo complexes in Nigeria. It was involved in the acquisition of 600MW Shiroro Hydroelectric Power plant in 2013, concessions of 30MW Gurara Hydroelectric Power Plant in 2019, and establishment of 300MW Shiroro solar power project in 2021.

SECURING ENUGU STATE’S INTEREST

The state’s interest in the N100BN UPPL deal is well secured, benefitting from Governor Peter Mbah’s experience as an investment finance expert and an entrepreneur, who has handled multi-billion-dollar projects himself. Besides asking for and getting a corporate guarantor on the part of Pragmatic Palms Ltd, the government also demanded for and got bank guarantors from Pragmatic Palms. Importantly, performance targets and timelines were equally set in the Agreement for Pragmatic Palms Ltd. failing which the Enugu State Government is free to revoke the deal and reassume total ownership of United Palm Products Ltd., UPPL.

In addition, the Enugu State Government is represented on the company’s Board, including the Chairmanship of the Board, as part of the steps taken to secure the state’s interest.

MD’S PROFILE

The MD of Pragmatic Palms Ltd., who is also the MD/CEO of Diamond Stripes, George Nwangwu, is a professor of Project Financing Law, who has led transaction teams that have participated in the consummation of over 100 privatisation or Public Private Partnership (PPP) transactions worth over $20 billion across Africa.

Prof. Nwangwu was the Head of Infrastructure Finance at the Ministry of Finance under the leadership of Dr. Ngozi Okonjo-Iweala, during which he led the team that delivered the Second Niger Bridge deal.

He is a Professor of law at Nile University and an Extraordinary Professor at the Department of Mercantile Law, Stellenbosch University. He was appointed a Senior Fellow at the Mossavar- Rahmani Centre for Business and Government, Harvard Kennedy School in 2023 as well as an Honorary Senior Research Associate in the Bartlett School of Construction and Project Management, University College London since 2022; He is the Director General of the Global Centre for Law and Business, Abuja.

CONCLUSION

Clearly, it is a new dawn for the United Palm Products Ltd. to the benefit of the people of Enugu State after decades of rot and neglect. The partnership is promising and the project in good hands.

Tomorrow is here!

Uche Anichukwu
SSA (External Relations) to the Governor of Enugu State

GOV OTTI RESTATES RESOLVE TO RID LOKPANTA CATTLE MARKET OF CRIME, THANKS TRADERS FOR COOPERATING WITH GOVT

Abia State Governor, Dr. Alex Otti, OFR, has restated the State Government’s resolve to rid the popular Lokpanta Cattle Market in Umunneochi of crime and make it non-residential.

Governor Otti said his administration is ready to protect legitimate business persons trading in the market and support such individuals, but made it clear that Government would no longer allow anyone to live inside the market.

The Governor spoke on Sunday, when he paid an unscheduled visit to the Lokpanta Cattle Market, along the Enugu-Umuahia-Aba-Port Harcourt Expressway, while returning to Abia from Enugu State on a private visit.

Governor Otti had stopped by in the market to inspect ongoing perimeter fencing project, aimed at securing the market, which had been a safe heaven for perpetrators of violent crimes, including kidnappers, before they were dislodged by Operation Crush, the multi-agency security task force of Abia State.

He decried the unsanitary condition of the market and admonished the traders on the need to clean up their environment.

“I was just passing bye, and I thought I should stop and see the level of work that is going on here, and I am happy that work is progressing at great speed. I am also happy that you are cooperating with the S.A. (Special Adviser on Security to the Governor) and the Ministry of Lands and Housing, so that we can secure this place.

“I stopped around the abattoir and I found that the place is very dirty and smelly. So, we have to ensure that it is clean because it is what people eat. If they get contaminated, people will fall sick, and you don’t want to sell your cattle, sell your meat and somebody eats it and gets sick. So, you have a responsibility to keep the abattoir and everywhere you are clean.

“The next thing that I want to talk about is the issue of residence here. I’m sure that you are aware that the residents will leave here so that this place will be a market. So, the Government is making plans to locate where you will live.

“So, everyone who is doing a legitimate business, the government will protect you. What we don’t want are criminals. You must fish out every criminal because the day they will attack, they may be attacking you. Criminals don’t ask where you come from, what religion or what language you speak.

“We must rid this place of crime and criminality. Legitimate people who have things to do, we will support you to do your business. So, that is why I stopped here to look at the environment and look at the level of work that has been done and I am impressed that work is going on smoothly,” Governor Otti told the crowd of traders, who milled around him, showering encomiums.

He thanked the traders and their leaders for their cooperation and support to ensure that the State Government’s policy of securing the market and making it non-residential is realised.

“You have supported this government and we are very happy. Like I told you earlier, we are all brothers and sisters, so nobody should discriminate. Do you understand me? Some of you were born here. Your parents were born here. This man (identified as Senator), he came now and was speaking Igbo to me.

“So, let me once again thank you for coming out to welcome me and assure you that this government will protect you, it is your government. You should do everything possible to ensure that there is peace in this place,” said Governor Otti, who had called his audience’s attention with the popular Muslim greeting, Salam alaykum (Peace be upon you).

One of the leaders, who gave his name as Alhaji Danladi, the Chairman of Slaughter (Cattle Market), thanked the Governor for his visit and expressed happiness that the government was interested in the welfare and well-being of the cattle traders.

KAZIE UKO
Chief Press Secretary to the Governor
Abia State
Government House, Umuahia
May 12, 2024.

Breaking: LP Alleges Enugu Govt Awarded N100B Contract To Inexperienced Company

The Enugu State chapter of the Labour Party (LP) has alleged that the Enugu State Government awarded a contract worth N100 billion to inexperienced company.

The party, in a statement on Sunday,, called on Nigeria’s anti-corruption agencies to investigate the agriculture partnership agreement recently signed between the Enugu State Government and Pragmatic Farms Limited, alleging that the transaction might be a conduit to siphon the resources of the state.

Enugu LP Chairman, Comrade Casmir Uchenna Agbo, and Publicity Secretary, Onuora Odo, who jointly signed the statement, questioned the propriety of the transaction, pointing out that the company in question was allegedly registered only four days before it signed the agreement with the Enugu government.

The Enugu State Government recently issued a statement, claiming the partnership with Pragmatic Farms Limited was in line with the objectives of the Governor Peter Mbah Administration to revive and convert Enugu State’s dormant assets to productive assets, as part of plans to grow the state’s economy exponentially from $4.4 billion to $30 billion per annum.

the Labour Party, however, in its statement accused the government of planning to use the newly registered company as a conduit to siphon the resources of the state, saying that there was no indication that the company has the track record and capacity to manage the enterprise.

“We are raising this alarm because the entire project smells of large-scale fraud and as a responsible and responsive political party, we owe it to the people of the state, the duty of drawing their attention to what we see as economic rape and corrupt tendencies. Checks at the Corporate Affairs Commission (CAC) have created a cloud of suspicion around the project, following our discovery that Pragmatic Palms Limited was registered only on May 6, 2024, four days before the partnership agreement was signed with the Enugu State Government on May 10, 2024,” the statement said.

The party also demanded that the state, governor, Peter Mba, should tell the people when discussions on this partnership began and how he concluded and signed the deal within four days of incorporating the company.

“It is important to also draw the attention of the people of Enugu State, the Federal Government of Nigeria, and the anticorruption agencies such as the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to what looks like a grand plan to divert the resources of Enugu State through what looks like a conduit. We say this because further checks reveal that Pragmatic Palms Limited was referenced in the news items as a subsidiary of another company known as Diamond Stripes Limited, a business owned by one Prof George Nwangwu and his wife. How the Enugu State Government decided to trust N100 billion belonging to the over-taxed and deprived people of the state to a glorified sole proprietorship is something that has to be explained.

“Diamond Stripes Limited, it is also worth highlighting, started business in 2013 and has its capacities in the area of hydroelectric generation and port management. Nowhere, on its website was its capacity for agriculture and agro-processing mentioned. More worrisome is the fact that the owner of the company, Prof George Nwangwu has no known track record in agriculture and related areas. We even went further to explore the search engine and the George Nwangwu we were able to find is a professor of Law and has never been involved in anything relating to agriculture before the N100 billion deal he reached with the Government of Enugu State.

“We are worried because a lot of things in the transaction do not appear straightforward. First, by sheer stroke of coincidence, Pragmatic Palms Limited’s registered office located at 5 Kokoma Close, Wuse II, Abuja, appeared in our search to be the same as that of a Law firm, Ratio Legal Practitioners LLP, which also processed the registration of Pragmatic Palms Limited.

“It is also worrisome that although Pragmatic Palms Limited was mentioned in the press release as a subsidiary of Diamond Stripes Limited, there was no indication that Diamond Stripes is a shareholder in Pragmatic Palms Limited. The only shareholder that was returned in the search is a certain George Nwangwu, who curiously owns the entire one million shares of the company.

“We are also worried that while on its website, Diamond Stripes Limited claimed it was in the business of electricity generation, ports services and the building of silos, data on its registration documents at the Corporate Affairs Commission indicated that it was registered “to carry on the business of the manufacturer, importation, exportation, distribution, promotion, sales, supply and marketing of all types of products, materials, agents, reagents and equipment to engage in the business of real estate and property.” The suspicion heightens given that the CAC no longer permits the registration and operation of omnibus businesses in Nigeria.

“We are therefore calling on the good people of Enugu State to be vigilant. We also invite the anticorruption agencies to investigate this transaction with a view to saving the people of Enugu State from what looks like a bogus transaction designed to facilitate the diversion of money belonging to the people”, the party added.

Ignore IPOB Senseless Order- Emeka Emekasiri

Igbo youths should join the Nigerian Army and be trained: IPOB founder and vision bearer gives counter order against Nnamdi Kanu’s group’s warning to Igbo youth to stay away from Nigerian Army Recruitment

BARR. DR. EMEKA CHIGOZIE EMEKESIRI, the Founder and Vision Bearer of IPOB under the Supreme Council of Elders of Indigenous People of Biafra running the Customary Government, the Chairman of MOBIN, has reacted to the warning and advice given to the youths of the South-East Region by Nnamdi Kanu’s Group to stay away from the Nigerian Army Recruitment currently going on. In a statement made available to Mobin Media, Dr Emekesiri stated as follows:

I have seen the publication in the Vanguard Newspaper of 9th May 2024 captioned, “Don’t join the Nigerian Army”, IPOB warns South-East youths. The publication was said to have been made by Emma Powerful on behalf of Nnamdi Kanu’s faction of IPOB. I saw their reasons for warning the Igbo youths not to join the Nigerian Army which included to avoid being sacrificed in the war with the terrorists in the North, poor salary in the Nigerian Army, low morale, tribalism, nepotism, etc. They concluded by saying that “it was imperative to inform the Nigerian youths especially the Biafran youths to avoid being recruited by the Nigerian Army to be sent to be sacrificed for terrorism business of the cabals”.

It is my opinion that the statement from Mr. Emma Powerful proceeded from shortsightedness and lack of vision. It is foolish advice and warning that emanated from superlative stupidity. The Military is a Profession just like any other Profession. It costs a lot of money and resources to train a Professional whether as a Military Officer, Police Officer, Engineer, Doctor, Lawyer, etc.

The training itself is very important, not only for the Professional being trained but also for the society to which he belongs. If the Igbo youths listen to the foolish warning and stupid advice and stay away from joining the Nigerian Army, the Igbo Nation shall suffer in the future because there will be no military officer from the Igbo extraction in the future.

Even if the Igbo Nation should gain independence from Nigeria in the future, it is the already trained military personnel that will become the military foundation of their new country. The trained military personnel of the Igbo extraction are our assets.

Mr. Emma Powerful and his group do not know that it is better for the Igbo Nation to have Igbo youths trained in the Military Profession by the Federal Government of Nigeria. Obviously, they are still inflicted with the foolish thought that they are not Nigerians and will have nothing to do with Nigeria. Their slogan of “Biafra or Death” does not permit them to have a balanced reasoning. They have zeal without knowledge and wisdom.

I have argued it in the Federal High Court in the case between Biafra and Nigeria that we are Nigerians by citizenship but Biafrans by indigenous identity until we gain independence from Nigeria just like the Scottish people are British citizens but Scots by indigenous identity until they gain independence from Britain. Our indigenous identity must be respected. Scotland is agitating for independence from the Great Britain, but the Scottish soldiers are in the British Army. The Scots are in the British Police. The Scots are in every sector of the British Government, and yet seeking for independence. The Moses in the Bible who led Israel out from Egypt was an Egyptian Army General.

Mr Emma Powerful and his group are making the same mistakes again and again. Nnamdi Kanu learnt from Ralph Uwazurike who stopped the Igbo people from participating in the 2006 Nigerian Census proclaiming that we were not Nigerians but Biafrans. This made the South-East to have the lowest population statistics.

I did not fully understand the damage done to the South-East by Uwazurike and his MASSOB group until a Judge in the High Court in London shut down my argument in a case in which I represented my client when he said that the South-East of Nigeria which I referred to in my argument was the lowest in population in Nigeria according to the population statistics published all over the world! The 2006 population census is what the Nigerian Government uses for planning and allocation of resources.

Think of what may happen in the next 30 or 40 years. If the Igbo youths listen to Nnamdi Kanu’s faction of IPOB and stay away from joining the Nigerian Army, they will suffer terribly in the future. Who knows tomorrow? The youths shall also grow old. Some of us who are in our 50s, 60s and 70s may have gone by the time the sufferings of Igbo people shall start in Nigeria beyond what we had experienced before. Mr Emma Powerful and Mr Nnamdi Kanu may not be there at that time to sustain them with their powerful propaganda. It is unfortunate that a bunch of foolish and illiterate or half-educated people have destroyed the leadership of Igboland by false propaganda.

In my capacity as the Founder and Vision Bearer of the original IPOB established with the blessings of the Elders of Biafraland who constituted the Supreme Council of Elders of Indigenous People of Biafra running the Customary Government, I cancel and nullify the foolish advice and warning given by Nnamdi Kanu’s faction of IPOB to Igbo youths and now advise all the Igbo youths both men and women who have a calling for the Military Profession to go for recruitment into the Nigerian Army without further delay.

Barr Emeka Emekesiri is not happy with the turn of event of the Biafran struggle. The organization he founded was hijacked and destroyed, he prays that Igbo nation realizes the importance of his vision while there’s still time. We are still part of Nigeria and need to be part of Nigeria’s activities, Biafra can not come instantly, it will happen stage by stage, we need to apply diplomacy; he stated

A 16-Year Old Boy Sets The Boss House Ablaze ,Carts Away With The Madam’s Car And Other Valuables.

Hell was let loose this evening at Ngozika Housing Estate ,Awka as a Teenager ran amock setting her madam house on fire and attempted varnishing with her exotic car .

An eye witness account at the scene of the fire incident confirmed that the Teenager ,about 16 years of age was houseboy to a retired Permanent Secretary by the name Mrs Agbalaka.

According to the Eyewitness who would want his name to remain anonymous, alleged that the boy was at the verge of leaving the house when he accosted him along the street as the Teenager was having difficulty driving the car out of the neighbourhood.

On further interrogation of the suspect on a noticeable developing inferno burning inside the resident compound of the suspect and why he was running away while the house is on fire, the suspect claimed that he was rushing to solicit for help and to bring Madam .

Consequently, The Eyewitness alerted the neighbourhood who quickly mobilize and with the help of good samaritans were able to reach out to the Madam of the said suspect, a widow and a retired permanent secretary who instantly tracked down her car and demobilize the engine before the suspect could be able to zoom off with the stolen car.

Further attempt to catch the suspect proved abortive as he has to quickly abandon the demobilized car along the road to flee for his safety.

Regretably, the rampaging fire could not be stopped by the neighbourhood even with the arrival of Anambra State fire services as the building was completely razed down and also constituted serious damages to neighbouring buildings despite the spirited efforts of the fire fighters .

Reacting to the incident, the Chairman of the Estate – Chief Charles Mbakigwe told our Reporters that the fire incident has destroyed the sweat of the innocent widow and pleaded with the State Government to intervene and bring succour to the senior citizen who has now been rendered homeless.

Chief Mbakigwe further advised Residents of the Estate to be mindful of their internal security and the kind of people they hire as wards.

Also speaking, Sir Christian Madichie – the Road 16 Chairman corroborated with the position of the Estate Chairman .

He ,however ,thank God that no life was lost to the incident and expressed his deepest sympathy to the Widow who lost her property and vital documents.

Meanwhile ,as at the time of filing this report, the car is already in the custody of the police as investigation has commenced but the Teenager is still at large.

Also confirming the fire incident,the Anambra Fire Chief ,Engr Chukwudi Emmanuel Chiketa – stated that their office got a distress call at around 13.14 pm on a fire incident at Road 16 cardinal Arinze Avenue, Ngozika Estate Awka.

Stating that the roof of the building has already been razed down by the raging fire before the Anambra fire team arrive the scene but we’re able to salvage valuables and prevent total destruction of Neighbouring buildings.

He went on to say that the fire was ignited by a possible arsonist and advised on the need for residents of the Estates to adhere to safety practises and make sure they have mandatory firefighting equipments like fire extinguishers and others.

The Anambra fire service finally left the scene at exactly 17.01 pm this Friday being 10th May ,2024.

BVI Channel 1 online will keep you updated as more reports on the fire incident unfold

Queen Madu-Ezeh writes for BVI Channel 1 Online

BREAKING: Peter Mbah Seals N100bn Deal to Revive United Palm Products Ltd

In continuation of the bid by Governor Peter Mbah Administration to revive and convert Enugu State’s dormant assets to productive assets, the government has signed a N100bn deal with Pragmatic Palms Limited, a subsidiary of Diamond Stripes Limited, to resuscitate the moribund Enugu State United Palm Products Limited, UPPL.

The partnership will see Pragmatic Palms transform UPPL, one of the agricultural and agro-industrialisation initiatives of the late premier of the defunct Eastern Region, Dr. M. I. Okpara, which had lain fallow for many years.

Speaking during the signing of agreement at Government House Enugu, Governor Peter Mbah said the move was in line with his administration’s determination to grow the state’s economy exponentially from $4.4 billion to $30 billion, assuring the investors that his government would play its own part.

“This is a moment we must all be very proud of because it represents a major leap in our quest towards the revival of our dormant assets in line with our vision and the promises we made to our people.

“This investment outlay of over N100bn is very significant because we also see agriculture beyond food security. We see agriculture as business.

“I want to assure you that the government you are dealing with is business-facing, and given my background as an entrepreneur, we understand what it means to have the ease of doing business. So, we are going to ensure that this is going to be an experience that you will use as a reference point. We will be very responsive, and we are going to make sure that this partnership works for the benefit of the company and also that of Enugu State. So, what we are doing here today will mark the beginning of great things ahead,” Mbah stated.

Fielding questions from newsmen, the Enugu State Commissioner for Trade, Investment and Industry, Adaora Chukwu, described the deal as a milestone, listing its many socio-economic benefits to the state.

“Today, we witnessed a remarkable milestone. Recall that before His Excellency came on board, one of the first promises he had made to the people of Enugu State was to revive our non-operational assets and United Palm Products Ltd is one significant asset that has been dormant for years. And what we did today was the partial handover and the contract signing of UPPL to a company called Pragmatic Palm Ltd, which is a subsidiary of Diamond Stripes Ltd.

“The economic significance of what we did today is huge: The number of jobs it will create, the multiplier effects in terms of increasing production in the oil palm industry. You know that oil palm is an export commodity. We are not talking about the forex earnings into the state and also the building of capacity in-house, technology transfer, as well as skills and knowledge transfer to the people of Enugu State,” she said.

Also speaking, the Managing Director/CEO of Pragmatic Palms, George Nwangwu, said that palm products were in high demand, noting that United Palm Products Limited was capable of kick-starting the economic transformation of Enugu State.

“We have to realise that agriculture is a business. We are going to bring in a lot of equipment, and we are going to process the palm. Not just the palm, the palm kernel is an export commodity. If you go back and look at the biggest import over the years, palm is actually number five on the list. So, it is a significant product, and we tend to make sure we optimise its potentials here.

“The idea is to kick-start the economic transformation of the state. For instance, if we produce enough, people will come and set up their soap factories and then employ more people. It has a multiplier effect.

“Also, just to give you an example, to get the one at Oji River running, you are talking about close to 500 people because we need people to weed, to operate the plants and process it. So, you are also creating direct employment. If you put all these together, you can see that it runs into thousands of jobs,” he explained.

Peter Obi To Form Mega Party

Former political adviser to President Shehu Shagari and renowned political economist, Mr Pat Utomi, has said his plan to form a mega political party with like-minded people and political groups ahead of 2027 general elections is on course.

Mr Utomi, a professor, who returned to Nigeria on Wednesday after a long stay in the United States, told the News Agency of Nigeria (NAN) on Thursday that the redemption of the country could not be achieved by the ruling All Progressives Congress(APC) or any of the opposition parties.

He said the present political parties had failed the people and had not added value to nation-building.

According to him, the planned mega party is to disrupt the current political order and deliver that impactful leadership that the country truly deserves.

“It is precisely the reason I arrived Nigeria yesterday to continue that work (formation of mega party)

“I believe that the political party system in Nigeria has failed completely. Political parties are not democratic and they are not serving the purpose.

“Political parties and politicians of these parties cannot save Nigeria now, it is clear.

“The nature and the structure of our politics is such that even good people, when they enter these existing political parties, will play to their interests,” Mr Utomi, who is the founder, Centre for Values in Leadership, said.

According to the Big Tent coordinator, parochial culture has consumed civic culture in the country and this has affected the mindset of politicians.

He said a new political order must be birthed to get Nigeria out of the woods and that citizens and leaders must begin to do the right things to reposition the country.

“Nigeria must be saved by its citizens and this is precisely what I am advancing.

“We are talking about value- driven citizenship with integrity, work ethics, respect for the dignity of people, regard for labour.

“We are created for others; we are not created for ourselves, we are created for the good of others. A tree does not take benefit from the shades it creates.

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“We want Nigerians to develop that mindset. Right now, the mindset that Nigerians have is ,me, myself, and I.

“Self -love is so consuming and that is why Nigerian politicians don’t act in the interest of the people or the state. They act so narrowly in their self- interests.”he said.

Utomi said in continuation of work to float the mega party, he would hold meetings in Lagos this week, and hold meetings in Abuja next week before holding a news conference.

The political economist added he hoped to achieve much with the mega party talks before going back to the US.

Mr Utomi said groups that would come together to form the mega platform were two cohorts of politicians – the mea culpa and new value cohorts.

“The mea culpa cohort are politicians who have seen that what they did while in power, had not helped Nigeria are remorseful and are now willing to become part of the redemption initiative.

“There are also new Nigeria new value cohorts. This cohort will be working together, and they will include people from all these other political parties,” he said.

He said that some elder statesmen would also be brought into the fold.

Recall that Mr Utomi had in January 2024 said he had had conversations with leaders of some opposition parties on plan to form a new mega political party that would take power from the ruling All Progressives Congress (APC) in 2027.

He disclosed that he had held discussions with some of the presidential candidates in the 2023 general elections, including Atiku Abubakar of PDP, Peter Obi of the Labour Party and Rabiu Kwankwaso of NNPP over the possibility of bringing them and other opposition politicians together to form a new party.

NAN

Drama as another factionalBreaking News: Factual Rivers Assembly Speaker emerges

Honourable Victor Oko Jumbo, member representing Bonny Constituency, who is believed to be loyal to embattled governor Siminalayi Fubara, on Wednesday emerged as the factional Speaker of the Rivers Assembly.

This latest development, however appears to have led to the total collapse of the peace deal brokered between the warring parties by President Bola Tinubu earlier this year.

Oko-jumbo was elected at a sitting in Port Harcourt by lawmakers loyal to Mr Fubara, according to sources familiar with the political face-off in the State.

Meanwhile, Jumbo becomes the third Speaker under the current administration after Hon. Edison Ehie and Hon. Martin Amaewhule.

Amaewhule, a strong ally of the former controversial governor and current Minister of the Federal Capital Territory (FCT), Barrister Nyesom Wike, was impeached last year, giving room for Edison, who later resigned in December 2023.

Edison’s resignation comes shortly after the peace accord between governor Fubara and his predecessor, Wike, to pave the way for Amaewhule to return to his seat as Speaker.

Recall that Mr Fubara had declared that the majority of 27 members of the Assembly, who cross carpeted from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC), in the state, did not exist.

 

“Let me say it here, those group of men who claim that they are Assembly members, they are not existing. I want it to be on record.

“I accepted that peace accord to give them a floating (soft-landing). That’s the truth. There is nothing in that peace accord that is a constitutional issue. It is a political solution to a problem. I accepted it because these are people that were visiting me and we were together in my house,” he said on Monday.

The face-off between Fubara and Wike has dominated the media in the past few months with no solution in sight to end the political brouhaha.

The fight has led to an attempt to remove the governor, after the defection of the 27 members of the ruling PDP to the opposition APC and declaration of their seats vacant.

The conflict also led to the demolition of the State House of Assembly complex and after bombed by political thugs.

ENUGU: DISSECTING THE CONFUSION OVER RANCHING BILL- Ability Chukwuemeka Mbah

It was the great English naturalist and biologist – Charles Darwin, who proposed the theory of evolution through natural selection that ultimately, revolutionized our understanding of the origins of species; asserted that “it is not the strongest or the most intelligent species that survives but the one that is most responsive to change”. There is no gainsaying the fact that Ndi Igbo is the most dynamic group of people that populate this geographic space called Nigeria. The evidence is rife with the itinerant nature of the people, making her the only people willing to take calculated risk that has led to social integration and economic growth of our country, Nigeria.

However, the Igbo are emotional people, whose reactions to societal discourse are always misconstrued and/or misinterpreted. These emotions also make the people not to usually critically evaluate issues of utmost importance before reacting positively or negatively to such issues; be it in politics, governance, economy, culture or religion. Emotion is also responsible for the overreacting to issues of importance by the people, thereby causing friction between the people and the rest of other ethnic nationalities in Nigeria. This is what is playing out in the age-long confusion in the farmers – herdsmen relationship in Igbo land; the need to introspectively look deeper and solve the problem once and for all.

All over social media and gatherings of people, the topic is now “Ruga has been established in Enugu”, “Fulani has taken over Enugu”, etc. In fact, one unknown writer titled “his” jaundiced piece – “Now That Ruga Is Here”. All these noise because of a Bill already in the Enugu State House of Assembly for “A Law To Establish Public Ranch Management Agency And For Connected Purposes”. Those comments were and are still made on point of ignorance, emotions I described above and political expediencies from those still bitter about their lose in the 2023 general elections, especially the Gubernatorial Elections. Before I proceed, it’s important we understand the concept of a Ranch and Ranching. A Ranch refers to a large farm where livestock such as cattle, sheep, goats, horses, etc are raised. Ranches can vary widely in size and purpose, from small family – owned operations to large commercial enterprises. They often include a mix of grazing land, buildings for housing animals, and facilities for feeding, watering, and managing livestock.

On the other hand, ranching is the practice of managing and operating a ranch, which involves raising and breeding livestock such as cattle, sheep, goats, horses, etc. Ranching activities include feeding and caring for the animals, managing their health, breeding and reproduction, and overseeing grazing on pastures or rangelands. Ranchers often have to handle various tasks such as herding, branding, vaccinating, and maintaining facilities like barns, fences, and watering systems. Ranching can be a traditional family – owned business or a large – scale commercial enterprise depending on the size and goals of the operation.

Putting it in proper perspective for layman’s understanding, it is like any other business venture embarked upon by entrepreneurs and investors; not minding if such an entrepreneur or investor has adequate knowledge or not of the business. What is required of the investor is to open the business and employ capable hands to manage the business, giving his/her terms and conditions of service. I know people who own big poultry farms, but don’t know how to manage it. They rather employed personnel who are doing the job of management. Another description to equate this scenario is a situation where an individual or a developer gets a piece of land to build a house, stalls, or an Estate; after which another individual in need of such facility comes to rent as a shop owner or for residence. The owner (landlord) gives its terms and conditions to the proposed tenant, which when such conditions are acceptable leads to the signing of necessary documents between the landlord and the tenant(s), before such facility will be put into use by the tenants.

What then is the fuss over this Ranching Bill regulation body by the Enugu State House of Assembly? The questions begging for answers from those who are bent on retarding the growth of Enugu State by insisting on the maintaining the status quo of open grazing with its attendant crisis with our local people are: 1) Must every mention of cattle business be attributed to only the Fulani? 2) Can’t an Igbo entrepreneur own a Ranch; manage or employ people to do so? 3) Can’t a community, town, village or group of individuals’ set-up a corporate body to own, manage or employ people to manage a Ranch, or let it out? Those with discerning and free minds already know the answers to those questions are in the affirmative. The objectives of the Bill are to:
a. Promote a holistic and end-to-end approach to the livestock farming value chain;
b. Ensure good health and bio-security management practices;
c. Prevent, control and manage the spread of animal diseases;
d. Protect the environment from degradation and pollution;
e. Optimize the use of land resources in the face of overstretched land and increasing population;
f. Create a conducive environment for large scale crop production;
g. Ensure security of lives and property and prevent killings, sexual molestation and clashes between arable farmers and pastoralists, herders and rustlers; and
h. Reduce incidence of road accidents caused by open rearing and grazing of livestock.

The Bill, in clarifying glare areas explicitly defined some of the concepts, some of which is expedient I repeat them here:
a. *Ranch* means a secured area of land used for nurturing, grazing and rearing of livestock. This definition is in sync with our explanation above.
b. *Permit* means the ranching permit issued under this Law (A Law To Establish Public Ranch Management Agency And For Connected Purposes) for purpose of setting up and running a ranch. Meaning one must acquire a permit before operating a ranch in Enugu State, just like other business ventures.
c. *Personal Ranch* means an enclosed area used by the owner of such area to contain livestock that is strictly for personal consumption and not for commercial purposes.
d. *Private Ranch* means a ranch owned and operated by a person other than the Agency established by this Law upon the grant of a permit to own and operate such a ranch by the Agency.
e. *Public Ranch* means a ranch owned and operated by the Agency established by this Law. Meaning, a ranch owned by the Enugu State Government.

This Bill, if passed into Law by the Governor of Enugu State, Barr Dr Peter Ndubuisi Mbah has achieved two major things: one, there is not only an established law banning open grazing in the State, but infusing the needed political will to criminalize open grazing; and two, the law now requires all those involved in cattle rearing to stop forthwith open grazing of cows in the State with its attendant destruction of farmlands, crops, properties and human lives. Part VI: Offences, Penalties and Legal Proceedings of the Bill highlighted and clarified this assertion in Section 27, subsection 1, 2, 3, and 4; of which I have to recreate some here:
i. Any Herder, Herders or group of herders who graze, herd or rear cattle or livestock outside the permitted ranches after the commencement of this law shall be guilty of an offence.
ii. Any person or persons found conveying livestock on foot within or across urban centres, rural settlement or any part of the State in contravention of this Law is guilty of an offence.

I repeat, what then is the fuss over this excellent piece of legislation if not politics and emotions. We cry and demand for decentralization of our Federal structure, but frown when some of our leaders with the vision is embarking on that. Enugu State became the first State to have her own Electricity regulatory body because the State House of Assembly was swift enough to process the Bill that established the Enugu State Electricity Regulatory Commission (EERC). In no distant time, the dividends of that swiftness will materialize in steady power supply because the Governor has promised to do an independent power plant using our abundant resources of Coal and Natural Gas. The EERC Law also opened Enugu State electricity market to willing investors in that sector. We ought to by now be appreciating the Enugu State House of Assembly and the initiator of this Bill for such foresightedness and vision in creating conducive environment where businesses will thrive, attract more investors in the livestock value chain, and create employment opportunities for our teeming unemployed youths.

Ndi Igbo are very intelligent people in all ramifications, but we sometimes lack the patience to interrogate issues before going public to criticize or condemn. With this Bill, and the presence of the political will to implementing it, the issue of killings associated with herdsmen and rural farmers will be a thing of the past. It will now afford the people to take anybody seen in the farms or forests as pure criminal(s); QED. It will also afford the people to reach personal agreement with businessmen and investors in the livestock value chain, and terminate such agreement whenever there is a breach. The various communities now have the legal backing to chase away any unwanted elements in their forests and farmlands. It will also afford the various security agencies the opportunities to set their priories and binoculars aright, and easily track perpetrators of crimes, especially those related to farmers and herdsmen.

Ndi Enugu State should rather pressure the Governor, Barr Dr Peter Ndubuisi Mbah to expeditiously sign the Bill into Law and ensure its implementation. Let’s not forget that a good leader takes the people to where they want to be, but a great leader takes them to where they ought and should be. We are on a great sea of discovering our true potential as a people, with Barr Peter Mbah as the captain. He needs our support and sacrifices to attaining those objectives. Let us shun political bickering and armchair criticism; it will rather retard our growth than expedite our development. In the words of William Shakespeare; “there is a tide in the affairs of men, which taken at the flood, leads on to fortune; omitted, all the voyage of their life is bound in shallows and in miseries”. On such a full sea are we now afloat; and we must take the current when it serves, or lose our entire ventures.

_Ability writes from Achara Layout, Enugu._

”You Are Impoverishing Hungry And Angry Nigerians ’ – Obi Slams Tinubu On Cybersecurity Levy

The Labour Party presidential candidate in the 2023 election, Peter Obi, has faulted the Federal Government over the new cybersecurity levy directive issued by the Central Bank of Nigeria (CBN)

CBN had issued a new directive to all financial institutions, including commercial, merchant, non-interest banks, payment service banks, and mobile money operators, mandating the implementation of a 0.5% cybersecurity levy on all electronic transactions.

 

This move is in line with the provisions of the recently amended Cybercrime (Prohibition, Prevention, etc.) Act 2024. The directive, detailed in a circular, instructs that the levy be applied at the point of electronic transfer origination, with the deducted amount to be reflected in the customer’s account as a “Cybersecurity Levy.”

In a statement via his X handle on Wednesday, Peter Obi asserted that introducing the Cybersecurity Levy at a time when Nigerians are faced with severe economic distress shows the FG is more interested in milking a dying economy instead of nurturing it to recovery and growth.

The former Governor of Anambra State noted that the Cybersecurity Levy also negates the Government’s avowed commitment to reducing taxes and streamlining the tax system.

Peter Obi added that policies such as the Cybersecurity Levy impoverish citizens and make the country’s economic environment less competitive.