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How Obasanjo and Buhari embarrased Nigeria in Paris

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By Kayode Sanni-Arewa

Nigeria must have set another undesirable record at the International Chamber of Commerce, ICC, Paris, France, “in connection with the $2.3 billion arbitration proceedings filed against Nigeria by Sunrise Power over an alleged breach of contract by the federal government.”

The panel of arbitrators must have been embarrassed for Nigeria; because, it is quite possible that they have never had testifying before them one former President on account of a nation’s alleged breach of contract. Here was Nigeria dragging in two old men, former Presidents, who got their poor country into $2.3 billion hot water.

The first question obviously is: did Obasanjo and Buhari, individually and collectively, feel embarrassed to be sitting in front of the panel of arbitrators?

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Let’s face it. There are some situations in which a honourable person, not to talk of a former President, should not find himself in public. For God’s sake, this is N3.68 trillion contingent liability to which Nigeria is exposed by the two former Presidents. And, they returned, without briefing the people whose funds they were about to throw away; as if nothing happened. The truth is; a lot might have happened. If the panel delivers a verdict against Nigeria, up to $2.3 billion, Nigerian assets everywhere in the world can be seized – including the Presidential jet

Every country has the government it deserves”. John de Maistre, 1753-1821.

Somebody else had warned that the people must be prepared for the punishment that results from choosing bad leaders. That, notwithstanding, is this leadership?

What have Nigerians done to deserve this sort of thing? The worst part of the whole thing lies in the fact that the two of them will get away with this act against the poor people of Nigeria.

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Both of them being unrepentantly self-righteous will still continue to condemn corruption; as if what brought the nation to this dangerous situation was not ultimate corruption of administrative and legal processes under their governments. Like a lot of the problems facing us now in Nigeria, this one also had its origins in Obasanjo’s government, 1999-2007. Those old enough, as well as those with any sort of memory, would recollect that Obasanjo collected $13-16 billion with the stated intention to increase the nation’s power supply to 10,000MW per day by the time he left office in 2007.

His Minister of Power was Engineer Lyel Imoke. How and why a major contract, – worth $6 billion and expected to generate 3,050MW from a hydropower station situated at the Manbilla Plateau, Taraba State, was assigned to the Minister of State, our brother, Dr Olu Agunlove remains a mystery. Today, that behemoth is perhaps the biggest abandoned project in Nigeria; and it might soon set Nigeria back by N3.68 trillion. It has already sent us retro walking into the dark ages.

The original mess-up started between Obasanjo and Agunloye. After initially approving the contract, the ex-President, for reasons known to him, changed his mind and wanted the contract voided. Agunlove has since then been claiming that he received no instructions to stop it and went ahead to authorise Sunrise to proceed, only for the FG to stop it. You don’t have to be an authority on office procedures to realise that something must be fundamentally wrong and questionable in the way the President and Minister handled the matter. In my 52 years working in various organisations, 36 as staff reporting to superiors and sixteen as the Chief Executive Officer, CEO, I have been involved in situations in which instructions and approvals to commit organisation’s funds had later been rescinded by my superior officer.

Thank God, in my MBA course in Boston, it was drilled into our heads that whether issuing or receiving instructions to commit funds, a written memorandum must be sent and received. And, if the original decision is voided or altered, another memo must follow. Obasanjo, in an interview with The Cable in 2023, reportedly said that, “If a commission of inquiry is set up today to investigate the matter, I am ready to testify.” That, to me, is a classic case of medicine after death. All he needed to do all along to exonerate himself was to produce the written authority to proceed with the project and the second one asking Agunlove to stop it.

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In one case during my career, my supervisor had instructed me, on phone, to raise a Local Purchase Order, LPO, to be issued to a company. I countered by requesting for the instruction in writing. He called to ask if I was questioning his authority. I sent another memo apologising; while stressing that I will carry out his instructions to the fullest. Six months later, the External Auditors pounced on the LPO; discovered that not only were the prices highly inflated, but, the LPO was issued to an unregistered company.

As the originator of the LPO, I was the first person issued a query. A panel had been set up to look into all the questionable expenditures.

My session lasted less than five minutes. I just presented the two memos between my boss and me. That was the end of the story, as far as I was concerned. My boss faced the music alone.

Given Obasanjo’s lengthy experience in government, starting with being appointed a Federal Commissioner (Minister) under Gowon to becoming Chief of General Staff, CGS, under Murtala, to Military Head of State and finally civilian President, it is shocking that orders issued on vital matters that must be obeyed by subordinates were not issued in writing. By the same token, it is alarming that Dr Agunlove could not also support his claims with written evidence.

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Presidents Yar’Adua and Jonathan and their Attorney Generals and Ministers of Power committed unforgivable blunders by allowing the hot potato which Obasanjo and Agunlove left on the stove to remain there. Nigeria’s liabilities would not have been up to 25 per cent what it is now – if it was settled during those eight years.

Buhari, whose government eventually terminated the contract, had no choice over the matter.

His only mistake was procrastination which escalated the possible penalty.

To be quite candid, the panel of arbitrators must be shaking their heads; wondering how a nation with Nigeria’s abundant manpower could have been governed by such leaders.

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Obasanjo once described late Chief Bola Ige, SAN, who served as his first Minister of Power and Steel; and failed as somebody who did not know his right hand from his left. It is doubtful if Obasanjo knew that he had hands at all and what to do with them.

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Narrow escape: American Airlines plane catches f!re at Denver airport, 12 hospitalised with minor injuries

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It was narrow escape for passengers on an American Airlines flight were forced to stand on the wing of the plane at Denver International Airport as they evacuated the aircraft after one of its engines caught f!re Thursday evening, sending thick black smoke billowing into the air.

American Airlines Flight 1006, a Boeing 737-800 en route to Dallas-Fort Worth from Colorado Springs with 172 passengers and six crew aboard, diverted to Denver around 5:15 p.m. local time, after the crew reported “engine vibrations,” the Federal Aviation Administration said in a statement.

“After landing and while taxiing to the gate an engine caught fire,” the statement said. The FAA is investigating.

Shortly before landing, the plane’s pilot notified air traffic controllers in Denver that the flight was experiencing engine issues, but it was not an emergency, according to air traffic control audio from LiveATC.net.

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Twelve passengers were taken to the hospital with minor injuries, the Denver Fire Department revealed.

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Justice Delivered! Nigerian lady falsely declared dead wins UK court case, retains £350,k home

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By Kayode Sanni-Arewa

A 55-year-old Nigerian lady June Ashimola, who was falsely declared dead, has appeared via video link from Nigeria before the UK High Court to prevent a convicted fraudster from seizing her £350,000 home in Woolwich, southeast London.

Ashimola was reportedly declared dead in February 2019, sparking a protracted legal battle over her estate.

However, she presented herself before Deputy Master John Linwood, asserting that she was alive and was a victim of a scam.

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According to DailyMail on Wednesday, the court heard that following her wrongfully being declared dead, power of attorney over her estate, which consisted primarily of a house, was granted to Ms. Ruth Samuel, acting on behalf of Bakare Lasisi, who falsely claimed to have married Ashimola in 1993.

However, the judge ruled that the supposed marriage was a fabrication and that Lasisi did not exist.

According to court records, Ashimola left the UK for Nigeria in 2018 and had not returned since.

By October 2022, power of attorney had been awarded to Samuel on behalf of the fictitious Lasisi, who laid claim to Ashimola’s estate.

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The judge ultimately found that Tony Ashikodi, a convicted fraudster who served three years in prison in 1996 for obtaining property by deception, had orchestrated the elaborate scheme to seize her home.

“This is an unusual probate claim in that the deceased says she is very much alive,” Deputy Master Linwood remarked, describing the case as a web of fraud, forgery, impersonation, and intimidation.

The root of this claim is a long running battle or campaign waged by a Mr Tony Ashikodi for control and/or ownership of the property.

‘Ms Ashimola left the UK for Nigeria in about October 2018 and has not returned since. This claim involves wide-ranging allegations of fraud, forgery, impersonation and intimidation,” Linwood added.

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Despite visa challenges preventing her from appearing in person, Ashimola’s identity was verified through passport photographs, leading the judge to dismiss the claims against her estate.

After reviewing the evidence, Deputy Master Linwood ruled, “’I find Ms Ashimola is alive and that the death certificate was forged and/or fraudulently obtained or produced or concocted.

“Her alleged death was part of Mr Tony Ashikodi’s attempts to wrest control of the property from her.

“The person who appeared before me and identified herself as Ms Ashimola was physically like her photographs in each passport.

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“I find that Ms Ashimola was not married to Mr Lasisi and that the marriage certificate is a concocted or fraudulent document for these reasons.

“I do not accept Mr Lasisi exists or if he does is aware of his identity being used. I do not accept that emails supposedly from him were actually from him.”

He further accused Ashikodi of attempting to mislead the court and found that both Ashikodi and Samuel were either directly involved in producing the fraudulent documents or knowingly relied on them.

He added, “I find that the probate power of attorney submitted supposedly by Mr Lasisi and Ms Samuel was a fraudulently produced or concocted document.

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“The death certificate was not proven to the necessary standard in that only a copy was produced. The provenance was unknown. There was no evidence before me that it was a genuine document evidencing a real event.

“I find it was forged and/or fraudulently produced or concocted. The persons who relied upon it namely Mr Tony Ashikodi and Ms Samuel were either directly involved in its production or else knew it was false.’”

As a result, the power of attorney was revoked, safeguarding Ashimola’s rightful ownership of her £350,000 property.

The court also heard that legal costs incurred by both parties have exceeded £150,000, an amount that may surpass the property’s equity value.

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MAN laments 66% rose in manufactured goods exports, insists it’s poor

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By Kayode Sanni-Arewa

The Manufacturers Association of Nigeria has said the 65.84 per cent increase in the value of manufactured goods exported in 2024 from 2023, stating it is below expectations.

The PUNCH found that the gross value of manufactured goods exported in 2024 was N2.28tn, an increase from N778.44bn in 2023.

While manufactured goods exports in 2023 were worse than the previous year, export value slumped in the fourth quarter of 2024.

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The National Bureau of Statistics’ Foreign Trade in Goods data showed the sector’s export value sustained growth in the first quarter of 2024 with N268.70bn, N480.82bn, and N1.04tn in the second and third quarters, respectively.

However, the export value of manufactured goods dropped by 52.48 per cent in Q4 2024 as the NBS reported a lesser value of 494.22bn.

Secretary of the Manufacturers Association of Nigeria Export Promotion Group, Dr Benedict Obhiosa told The PUNCH in a phone interview that the decline in the manufacturing sector’s Q4 2024 export performance stemmed from a hostile operating environment.

“The operating environment has been very hostile for the manufacturing sector over the past two years, especially in terms of infrastructure,” Obhiosa stated. “The high cost of energy, high cost of borrowing, erratic fluctuations in the exchange rate, among others has culminated in the low performance of the manufacturing sector.”

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MAN has called attention to the manufacturing sector’s debilitating state. Earlier in its Q4 2024 Manufacturers Chief Executive Officers Confidence Index, MAN’s Director-General, Segun Ajayi-Kadir noted, “Findings show that production and distribution costs surged further by 18.2 per cent in the quarter under review, from the 20.1 per cent increase witnessed in the preceding quarter.”

Meanwhile, MANEG’s Secretary, Obhiosa disagreed that the improvement in export value from 2023 was not enough to celebrate.

Obhiosa argued that while the NBS data revealed a slight increase, it does not transcend to growth in the sector. He explained that the manufacturing companies were still performing “far below their installed capacity.”

He declared that a more concrete path out of the challenge was an increased government commitment to issuing manufacturers export grants.

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“To maximise the potential of the manufacturing export sector, the Federal Government needs to be more deliberate and action-minded about fully implementing the Export Expand Grant aimed at boosting the non-oil export sector in Nigeria,” Obhiosa stressed. “Historically, EEG has been found to have spurred non-oil export growth in Nigeria.”

Obhiosa alleged that the Federal Government was complicit as it had not paid the EEG leading to years of payment backlog.

He explained: “If the Federal Government can be consistent with the payment of EEG, you can rest assured of higher foreign exchange earnings and inflow to Nigeria as export proceeds payments. As a result, many informal sector operators will even be attracted to the formal export channel.”

According to the NBS, the value of manufactured goods traded in Q4 2024 stood at N8.96tn, representing 24.50 per cent of total trade.

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The main export commodities were unwrought aluminium alloys exported to Japan and China, dredgers exported to Ivory Coast, and cathodes exported to Japan and China.

The NBS added that manufactured goods were mainly exported to Africa at N215.85bn, followed by exports to Asia valued at N165.97bn and Europe at N62.13bn.

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