The naira rebounded against the United States dollar on Wednesday at the official and parallel markets, with the local currency recording a significant gain against the greenback at the black market.
This came as the Central Bank of Nigeria announced the final settlements of all valid foreign exchange backlogs, fulfilling a key pledge of the apex bank governor, Mr. Olayemi Cardoso, to process an inherited backlog of $7bn in claims. The Acting CBN Director, Corporate Communications, Mrs. Hakama Sidi Ali, who disclosed this in Abuja on Wednesday, recalled the central bank had recently cleared $1.5bn from the backlogs.
On Wednesday, the naira closed trading at 1,410/dollar at the parallel market and N1,492 at the official Nigerian Autonomous Foreign Exchange Market, according to data compiled from the FMDQ Securities Exchange.
The gain recorded by the naira at the official market represents an appreciation of N68 or 4.5 per cent, from the N1,560/$1 recorded on Tuesday at NAFEM, and a gain of 13.5 per cent or N190 at the parallel market.
According to findings by The PUNCH, the exchange rate has been gaining lately as speculators begin to dump their dollar stocks, following waning demand by prospective buyers amid CBN clampdowns. A string of circulars by the Central Bank of Nigeria in recent weeks and months have helped to plug leakages and blocked loopholes previously explored by currency speculators and racketeers.
Also, the recent clampdowns on the activities of illegal BDC operators in Lagos, Abuja and Kano by the operatives of the Economic and Financial Crimes Commission have helped to reduce the volatility of the naira.
A Bureau De Change Operator at Wuse 2, Abuja, Ibrahim Yahu, said on Wednesday that the greenback was bought at the rate of N1400/$1 and sold at N1500/$, allowing operators to make a spread of N100/$1.
He said, “The highest I can buy from you is N1400/$ but we are selling at N1500/$.
He noted that some persons bought at the rate N1,300/$ during the daily trading activity.
Another currency trader, Malam Musa Yahyah, at the Central Business District in the FCT, expressed mixed feelings about the new rate, stating that some traders were forced to sell at loss due to a waning demand for the greenback.
In Lagos, a currency trader at Allen Avenue, Ikeja, Mustafa Ibrahim, said the waning demand for the dollar, partly driven by the commencement of dollar sale to BDC operators at the rate of 1,300/dollar, had further weakened demand for the greenback.
He said most traders bought and sold the dollar at N1350 and N1450 on Wednesday. According to Ibrahim, the local currency may reach a new high of 1,200/dollar in weeks if the trend continues.
Zenith Bank Plc has announced the appointment of Dr. Adaora Umeoji, as its Group Managing Director/Chief Executive with effect from June 1, 2024.
The appointment is however subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure.
According to a statement, Umeoji is the first female GMD/CEO since the inception of the bank, and her “appointment is consistent with the bank’s executive transition tradition, succession plan, and strategy of grooming leaders from within.”
Prior to the appointment, Umeoji had been the Deputy Managing Director of the bank since October 28, 2016 and has close to 30 years cognate banking experience of which 26 years has been with Zenith Bank.
She is an alumnus of the prestigious Harvard Business School where she attended the Advanced Management Program (AMP) and an alumnus of Columbia Business School with a Certificate in the Global Banking Program. She holds a Bachelor’s Degree in Sociology from the University of Jos, a Bachelor’s Degree in Accounting and a first-class honors in Law from Baze University, Abuja.
She holds a Master of Laws from the University of Salford, United Kingdom, a Master in Business Administration (MBA) from the University of Calabar, and also has a doctorate in business administration from Apollos University, USA.
She holds a Certificate in Economics for Business from the prestigious MIT Sloan School of Management, USA, and has attended various management programmes in renowned Universities around the world including the strategic thinking and Management programme at Wharton Business School, USA. She also attended the executive program in Strategic Management, and has a Certificate in Leading Global Business all from Harvard Business School, USA.
She is a fellow of notable professional bodies including the Chartered Banker Institute, UK; Chartered Institute of Bankers of Nigeria; Nigerian Institute of Management; Institute of Credit Administration; Institute of Certified Public Accountants of Nigeria; Institute of Chartered Mediators and Conciliators, and the Institute of Chartered Secretaries and Administrators of Nigeria among others.
In 2022, the Federal Government of Nigeria honored Umeoji with Officer of the Order of the Niger, as a recognition of her contributions to nation building. She is a Peace Advocate of the United Nations (UN-POLAC).
“She has impacted many lives through her philanthropic and humanitarian activities through her NGOs; Pink Breath Cancer Foundation and the Adorable Foundation that educates, caters for Cancer patients and indigent children education especially the Girl-Child.
“Her contribution to humanity was recognized by the Sun Newspaper which recently bestowed on her the Humanitarian Service Icon Award for 2023.
“As a result of her passion for promoting professionalism in the banking industry and improving the well-being of the less privileged, Dr. Adaora Umeoji, OON founded the Catholic Bankers Association of Nigeria (CBAN), a platform she uses to promote ethical banking and service to humanity.
“She is a Lady of the Order of Knights of St. John International (KSJI), and was awarded a Papal Knight of the Order of St. Sylvester by His Holiness Pope Francis,” the statement added.
Anambra State Government has commissioned a tuberculosis situation room built by the United States Agency for International Development, (USAID’s) Tuberculosis Data Impact Assessment and Communication Hub (DIAH).
State Commissioner for Health, Dr. Afam Obidike while commissioning the TB situation room commended USAID’s, other partners for their commitment in partnering with the state.
Dr. Obidike said that the State has done well in TB management and surveillance, and thanked Gov. Charles Soludo for his support in the healthcare sector of the state.
He noted that Anambra Tuberculosis Centre won four different awards last year, making it clear that Gov. Soludo’s administration works with data.
According to him the situation room will help to enhance the work of TB managers in the State, and assured that the facility will be adequately maintained.
The Permanent Secretary, Anambra State Ministry of Health, Mrs. Carol Njaka, noted that the situation room will help the state to scale up monitoring and detection of the disease, as well as compete favourably in TB management in Nigeria and thanked the USAID for the support.
In a remark, the Anambra state TB Project Manager, Dr. Ugochukwu Chukwulobelu who gave an overview of the situation room, explained that TB still remains a persistent global health challenge in low and middle class income countries.
Dr. Chukwulobelu explained that the facility will provide them access to data from different places at once, as well as use it to achieve national strategic planning.
Goodwill messages were given by the World Health Organization, USAID, Anambra State Primary Healthcare Development Agency, Chukwuemeka Odumegwu Ojukwu University Teaching Hospital.
Okuoma community is an Urhobo community in Ughelli south L.G.A located along the Forcados River.
It shares boundaries with Akugbene and Okoloba communities, and both are Izon (Ijaw) speaking communities, located in Bomadi L.G.A of Delta State.
Both communities have lived together peacefully for over 3 centuries now.
Okuoma community is in Ewu-urphie clan of the Urhobo tribe of Delta State.
Their major occupation is farming and fishing.
There are other Urhobo communities along the Forcados River who all share boundary with the Izon speaking communities.
They are also follows: Gbaregolor, Okuoma, Olota, Alagbabiri communities e.tc., all these communities are in Ughelli South L.G.A and they all share boundaries with the Izon speaking communities.
These communities have lived with the Izon speaking communities for several centuries.
They have had intermarriages, inter trades, among themselves for some centuries.
We have several families who are from both tribes (Urhobo and Ijaw).
In the olden days, for you to be crowned a king in Izon land, you must have your maternal root from the Urhobos.
I don’t know if that tradition is still in practice.
I know some few Kings whose that maternal roots are from the Urhobo tribe, e.g. HRM Oporomor Godspower of Bomadi town (Ijaw community) in Bomadi L.G.A.
He had his maternal root from Gbaregolor community (Urhobo community) which is located along the Forcados River.
His Royal Highness, king of Akugbene community (Ijaw town) has his maternal root from Okuoma community (Urhobo town).
The king of Akugbene community influenced some developments in Okuoma, like construction of jetty at the waterfront of Okuoma, e.t.c.
These people (Urhobos and Ijaws) are one people because they are related by blood or marriage in one way or another.
Mr. Barrister Smooth, a famous Ijaw singer once said in his song “When you come to my house you can’t separate Ijaw man from Urhobo man because they all live together as one.” We are one people.
Back to the main issue;
Okuoma community had land dispute with their neighboring community Okoloba over common boundary.
The land dispute has been lingering for quite a long time now.
At the boundary side of Okoloba community there is a white mansion, this mansion belongs to a warlord, a man known to be a right-hand man to Mr. Government Tompolo.
Okoloba community have always claimed ownership of the land on which the Okuoma community is located, they always say the “Okuoma inhabitants are their tenants”.
If you recall, I earlier said there is a mansion at boundary of both communities, this mansion is owned by a warlord from Okoloba (Ijaw community) this man is so influential and he owns a shrine in this mansion where he practices human sacrifices as rituals in worshipping his war god; Egbesu.
Last month February, this man armed his boys and attacked a commercial boat conveying some Okuoma community boys namely Igho and co.
These boys were all murdered by this warlord and he labeled them criminals.
He wrote to JTF (Joint Task Force) that they were criminals. Remember, I told you that he is Tompolo’s right-hand man He is so influential and connected that whatsoever he tells the JTF is what they accept, because his boss Tompolo owns Tantita Security Forces and they control the creeks.
This act alone triggered the grievance of the Okuoma community.
When this warlord’s gang want to carry these crimes, they put on army camouflage so it’s difficult to differentiate genuine Army personnel from these hoodlums.
Last week, a man named Anthony Aboh from Okoloba community went missing, his relation from Okoloba community, an Honorable member, believed that It was the Okuoma community that kidnapped him to retaliate for the attack which was carried out on the Okuoma community boys, so they reported the issue to the Bomadi JTF.
Just before he reported, the body of the alleged kidnapped man was discovered floating on River Forcados at Ayakoromor community. His hands were tied and he had been beheaded (that was the picture displayed on Social Media with the fallen soldiers body).
This annoyed the Okoloba community so much, the Honorable and some delegates from the Okoloba reported to JTF, which then proceeded to Okuoma community on March 14th, 2024 with some soldiers in company of the Honorable.
On reaching there, they met with the chairman and elders of the community in their town hall and they brought up the case of the kidnapped beheaded man with the community leaders.
The chairman and elders all denied saying they know nothing of such case, which made the soldiers ask the elders and community leaders to lie on the floor.
The Army then insisted on arresting the community leaders and that was where the crises erupted from.
The information got to the youths that fake soldiers have come to terrorize the community again, and when they turned up there was argument between the Army and community youths.
The Army released some gun shots, leading to a full blown war between the youths and the Army because they believed they were fake soldiers.
They were killed in error, it is a case of mistaken identity.
The people of Okuoma where soldiers were killed were attacked by Ijaws (Okoloba warlord) and they suffered casualties, mind you when this warlord carried out the dastardly act they wore Army camouflage.
Within the same week, on sighting men in uniform again in the Okuoma community they believed they were the same set of Ijaws warriors from Okoloba again and retaliated, killing all of them not knowing that they were real soldiers……
*My fellow Nigerians this is the real cause of the crises*
March 15th, Okuoma was raided and razed down by Nigeria Army because of the death about 16 fallen soldiers, women, children, and aged men weren’t spared, but funny enough the actual perpetrators have since fled the community leaving those who are either too old, too weak, too sick, too young, or too innocent to flee.
Till now, there’s still crying, gnashing of teeth, and blood flow around the Forcados River axis.
On March 17th yesterday the Army stormed the white mansion at the border after gathering intelligence, on reaching there, they were amazed at what they discovered in the shrine at the white mansion.
This mansion is situated at the River bank; they discovered fresh and dried human skulls of innocent people who were used by this warlord as sacrifices for his god (Egbesu).
Angered, the Nigerian Army burned down the mansion.
Some fake soldiers were also arrested in the mansion.
This is the true story of what happened that has claimed so many lives including the lives of a Lt. Colonel, 2 Majors, a Captain, and 12 soldiers, all men of the Nigeria Armed Forces….
… says march to promised land continues.
In a bid to strengthen the democratic culture and make Biafra government institutions people-driven, the Biafra parliament has elected a new Head of Government to steer the ship of the group for the first term of two years.
A statement issued by BDFCG Spokesperson, Prosper Odinga, explained that in a majority decision, Anselmo Onyebuchi Udowelle was elected the new Chancellor to replace Dr. Emeka Okeadu effective 16th March 2024.
The statement said Biafran public is expected to accord the new chancellor every needed support to succeed; as the march to the promised land continues.
It congratulated Comrade Udowelle for being the 4th Chancellor of the Biafra De Facto Customary Government, and urged all Biafrans to continue to show the rest of Nigerians how to serve the people and run democratic institutions devoid of personal interest.
Comrade Udowelle, according to the statement, will be assisted by other Executive Officers, as well as members of the Parliament.
Those who are on the eating table think that they will continue to on the table forever. They hardly remember tomorrow. They keep on enjoying forgetting that there is tomorrow. Unfortunately, tomorrow is not far .
The President of Nigeria is the most powerful single individual in the world ,he does anything he likes with constitutional backing . He has access to all the money in world to bribe anybody .
In this short series identifying the problem with Nigeria and possible solution , I will educating the masses on the conspiracy of the ruling class to keep the working class in perpetual rat race, thereby stopping any form of uprising against the privileged few.
Nigeria borrowed system of Government from America – Federal System of Government. But ,I reality practice spoon feeding federalism.
In Federal system of Government, the federal government controls foreign affairs,defence and immigration. States or Regions control their natural resources and pay tax to the centre .
Federal government has no business with licensing of oil in Anambra State . The major role Federal government is to defend the Constitution.
Umuahia – Abia State Governor, His Excellency Dr. Alex Chioma Otti, OFR, has approved the appointments of the following persons into the various respective offices:
Dr. Kalu U. Kalu – Executive Secretary, Primary Healthcare
Dr. Chimezie Okwuonu – CMD, Specialist/Diagnostic Centre, Umuahia
Prof. Ijeoma Nduka – CMD, ABSUTH
Dr. N.O.E. Kamanu – CMD, General Hospital, Aba
Dr. Odochi Azubuike – CEO, Health Management Board
Agbonma Ukaobasi – SSA, Ease of Doing Business
Mrs. Victoria Onwubiko – MD/CEO, ABSSAA
Lydia E. Onuoha – Chairman, ASUBEB
Dr. Eno J. Eze – Chairman, Civil Service Commission
Engnr. Kachy Etolue – Special Adviser, Energy
Dr. Ngozi Azodoh – Special Adviser, Health
Mrs. Nkolika Cleopatra Ubani – SSA, Legal
GOVERNING COUNCIL, ABIA STATE POLYTECHNIC, ABA
Stanley Egege – Chairman
Dr. Okoro, Christopher Kalu – Rector
Uchechukwu Job Iweha – Member
Rose Mbara Nelson – Member
Mrs. Lawrencia Onyemachi – Member
*GOVERNING COUNCIL, ABIA STATE COLLEGE OF EDUCATION TECHNICAL, AROCHUKWU:
Prof. Mba O. Okoronkwo, OON – Chairman
Prof. Solomon Umeham – Member
Dr. Nduka O. Elendu – Member
Mazi Obasi Lawson – Member
ABIANS IN DIASPORA COMMISSION:
Alwell Okey Agbara – Chairman
Leonard Ibeka – Member
Rev. Annie Onwuchekwa – Member
Engnr. Bob Ibeneme – Member
Prof. Ndubuisi Ekekwe – Member
SIGNED:
Kazie Uko
Chief Press Secretary to the Governor
Abia State
Government House, Umuahia.
Justice Inyang Edem Ekwo of the Federal High Court in Abuja has struck out a suit instituted by a Coalition of Northern Groups seeking the exit of Igbos in the South East out of Nigeria.
The suit by the group of elders and politicians from the North, led by Nastura Shariff, Balarabe Rufa’i, Abdul-Aziz Sulaiman and Aminu Adam was thrown out by the Judge following the persistent absence of the plaintiffs in court to establish their case.
When the matter came up, none of the plaintiffs was in court and they were not represented by lawyers.
Justice Ekwo, after going through the case file, discovered that the Northern groups have not been coming to court since 2022 till date and had no legal representation.
In a brief ruling, the Judge held that from all indications, the plaintiffs have abandoned their own suit.
Justice Ekwo therefore struck out the case for want of diligent prosecution.
The Northern group had filed the case asking the court to compel the Senate President and Speaker of the House of Representatives to hasten the exit of the southeastern region out of Nigeria.
They pleaded that this should be done before the conclusion of the amendment of Nigeria’s 1999 Constitution.
The secession request was contained in the suit marked FHC/ABJ/CS/538/2021 instituted by the group of elders and politicians from the North.
In the suit, they said allowing the Igbo to exit Nigeria would end violence and destruction in the South-East.
They also explained that this would stop the repeat of the 1967-1970 Civil War in Nigeria that led to wanton destruction of lives and property.
The groups also said this would put an end to the agitations by members of the Indigenous People of Biafra, IPOB, led by Nnamdi Kanu.
They prayed for, among others, a declaration that combined effect of the provisions of Section 4 of the Nigerian Constitution and Articles 1, 2, and 20 (1) of the African Charter on Human and Peoples’ Rights (Ratification and Enforcement) Act 2004, “is empowered to set in motion a framework for a referendum to allow the south-eastern region of the Federal Republic of Nigeria to decide on their bid for self-determination.”
They also urged the court to order the second, third and fourth defendants (the Senate President, the Speaker of the House of Representatives and the National Assembly) “to provide a framework that will pave way for the self-determination of the south-eastern states so as to leave the geographical entity called Nigeria before any further step is taken to further amend the constitution of the Federal Republic of Nigeria.”
“The constitution of the Federal Republic of Nigeria can be further amended at any time after the question of self-determination must have been resolved by Nigerians,” the plaintiffs said.
THE Federal Government, yesterday, issued a marching order, asking the Nigerian Electricity Regulatory Commission, NERC, to withdraw licenses of non-performing electricity distribution companies, DISCOs.
This is as power generation dropped year-on-year, YoY, by 21 per cent to 3,475MW in March 2024, from 4,404MW in the corresponding period of 2023, due to many problems, especially low investment and inadequate gas supply.
But, on month-on-month, MoM to 3,475 megawatts, MW in March 2024, from 4,043MW in February 2024, thus causing many Electricity Distribution Companies, DISCOs, to embark on loading.
Data obtained from the National System Operator, a unit in the Transmission Company of Nigeria, TCN, indicates that supply remains low, thus impacting negatively households and businesses nationwide.
The government accused the DisCos of not doing enough to improve supply despite the availability of power on the national grid.
The Minister of Power, Adebayo Adelabu who stated this during a meeting with the head of it’s agencies in Abuja said the distribution segment remains the weakest link in the electricity supply value chain.
Adelabu stressed that NERC must look for creative ways of getting the DISCOs to improve supply including the imposition of stiff sanctions on utilities which fail to pick their allocations and outright cancellation of lincences.
He insisted that the franchise areas covered by the DISCOs were too large, adding the government would pursue a restructuring that would create smaller DISCOs with companies restricted to one state each.
“Distribution is our weakest point and it is the closest to the consumers. If we don’t get distribution right, to Nigerians, we’re not doing anything. So, efforts need to be put on this. In fact, we must intensify our efforts in ensuring that we address all issues relating to distribution.
“It is true that the distribution companies are in the hands of the private sector. We don’t have direct control. But we need to compel them for performance. They must perform. If they do not perform, all our effort in generation, in transmission is zero. I’ve also had a meeting with the Chairman of NERC on how we’re going to address these performance issues of the electricity distribution companies across the nation.
“Why we have new policies in our power sector policy framework, which we’re going to finalize to address long-term issues in distribution, we must proffer short-term solutions to the lingering crisis.
“Before we get to that, we’re talking about the issue of the capitalization of the discourse, for them to inject funds, to improve infrastructure.”
“We are talking about issues of restructuring the DISCOs along state lines, to make them manageable in size. Also, issuing new franchises to smaller DisCos to take over areas not being served by the existing ones or that have been underserved by the existing ones.
“I’ve said it before now that non performance of DISCOs in terms of epileptic power supply qualifies as a basis for revocation of license. Any DISCO that is found-wanting will be severely dealt with because their actions or inactions directly affect the performance of the sector”.
The Minister pointed out that willful refusal by any DISCO to take up available power “is a qualified basis for the revocation of licenses too”, adding that the distribution companies must be ready to pick up 90-99 percent of load allocated to them.
He described the ongoing electricity rationing across the country as unacceptable, disclosing the government plans to improve power generation from the present 4,000MW to 6,000MW in the next six months.
This, he said, would be achieved by paying off substantial debts owed to power generation companies and gas suppliers.
“So what we are looking at is to have an agreement to ramp up to a minimum of 6,000 megawatts within the next three to six months. I know that the highest we ever generated was 5,700, about three years ago. That was specifically November, 2021.
“And this 5,700 was also distributed. If we could achieve 5,700 at that time, I believe we still have infrastructure to generate between 6,000 and 6,500. In terms of the generating companies, I have no doubt in my mind that the existing capacity can give us 6,500 once there is stability in supply of gas.
“I’ve been to a number of the generating companies and I confirmed that they have this installed capacity. And a large percentage of this installed capacity is operational, but they are not available because of low or shortage in gas supply. Once there is gas supply, we want to ramp up generation to a minimum 6,000MW”.
He noted that while the Federal Government would continue to pay electricity subsidies in the short-term, it plans to gradually phase it out in the next three years and return the sector to a commercially driven tariff.
Speaking to journalists after the meeting, the Managing Director of the Transmission Company of Nigeria, Engr. Sule Abdulaziz explained that the fire that engulfed its substation in Kano happened while its engineers were trying to fix a leakage from one of its transformers.
Life is a mystery. We have no idea when we will appear in our mother’s womb ! When to be born . Neither do we know when we will leave the stage to join the supreme being!
We are all mortals . No matter how powerful , how connected and rich we may look in the eyes of men , someday ,we will definitely die.
The most powerful men in our villages have all died and forgotten. The Children and the communities have all moved on.Nations have lost their Presidents and they have moved on.
Dr Herbert Wigwe died in a helicopter crash in far away California,United States of America alongside 5 others , the wife – Chizoba, the first Son – Chizzi,
the former Group Chairman of the Nigerian Exchange Group- Mr Abimbola Ogunbanjo and two crew members . They died on February 9, 2024 and buried on March 09,2024( the Wigwes).
Dr Herbert Wigwe has fought like lion being a graduate of UNN . He has made a mark in the Nigeria Money Market . He died when his aged parents ,his family and his friends needed him most. Thousands of people depend on him for survival but as mortal , he left the stage unannounced.
There is a lesson to be learnt by all. According to Gov Sim Fubara , ” why all this struggle,to acquire wealth ,to acquire power and to even kill ,….. We should all aspire to have positive impact on humanity ”
Economic inequality has been a serious challenge in Africa. Most African Leaders send their children in organized system to study while creating income inequality at home.
Dr Herbert Wigwe played in the private sector and may not have power to provide basic needs of average Nigerians like affordable housing, living wage , surplus food , functional and qualitative education,quality health services , resources control ,good Governance etc. Wigwe and his colleagues in banking industry exploited Nigeria fraudulent system and made fortunes for themselves while the rest of Nigerians cry and commit suicide on daily basis. During the night of Tribute of Wigwe ,we all saw how the most powerful Nigerians cried like babies . These are captains of industries! These are CBN Governors ,These are top political figures in Nigeria ! Dr Herbert Wigwe must be a financial magician! Maybe the President did not take his advice on how to build modern Nigeria like he and his partner built Access Bank to global financial Institution.
But , back to humanity, I was in Intercontinental Bank when the former CBN Governor – Sanusi like a military commander removed Dr Erasmus Akimgbola management team and facilitated the take over of the big bank – Intercontinental Bank by Access Bank. But , that is not the direction I am going!
Access Bank was known in the banking industry as a Bank with least numbers of permanent employees. In an average branch of Access Bank of 15 staffers , only about 4 staffers were on permanent employment while the remaining 11 staffers were on contract . When the reality dawn on us that Access Bank would finally swallow the big intercontinental bank that hardly ‘joke’ with Staff welfare ( intercontinental bank does not use contract staff to do core banking work), most of us started looking elsewhere than to work in Access Bank. After the acquisition of Intercontinental Bank in most inhuman manners , many lost their lives to frustration,those who have no other alternative remained in Access Bank as slaves.
Access Bank has been posting billions of naira as profit after tax .Under the Leadership of Late Wigwe , for the sake of humanity,why should we allow graduation to work as contract staff even though they have access to banking softwares . This is modern slavery ! Today , most Banks like Access Bank are using contract staff as Tellers , Customer service Officers , Marketing Officers etc yet posting billions of naira as profit after tax! Is this how to make Africa great ? Is this how to build a modern society! Where is the traditional role of banking to intermediate between surplus and deficit sectors of the economy! Alas , Late Harbert and colleagues in the Banking Industry have politicians in their pockets- they are above the law of the land!
Life is nothing but vanity ! The death of Dr Herbert Wigwe come with great sorrow and pains but for the living ,there is a lesson for all of us . We must try as much as possible to narrow economic inequalities in our country. We must always pursue public interest that will benefit all not just few our friends.
Ndubuisi Anaenugwu is Ambassador of Good Governance Ministry
