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FULL TEXT of President Tinubu’s Democracy Day Speech

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TEXT OF PRESIDENT BOLA TINUBU’S NATIONAL BROADCAST ON THE 25TH ANNIVERSARY OF UNBROKEN DEMOCRACY IN NIGERIA, DEMOCRACY DAY 12TH JUNE 2024.
1. My fellow Nigerians, let me begin by congratulating all of us for witnessing the celebration of another Democracy Day today, the 12th day of June 2024. This year also marks our nation’s 25 years of uninterrupted democratic governance.
2. On this day, 31 years ago, we entered our rites of passage to becoming a true and enduring democratic society.
3. Going through this passage was hard and dangerous. During the fateful six years that followed, we fought and struggled for our natural rights as human beings put on this earth by the divine hand of our Creator.
4. We lost great heroes and heroines along the way. In this struggle, the winner of the June 12, 1993 presidential election, Chief MKO Abiola, the most significant symbol of our democratic struggle, his wife, Kudirat, General Shehu Musa Yar’Adua and Pa Alfred Rewane, among others sacrificed their very lives.
5. They bravely surrendered their futures, so that our nation might have a better one.
6. Let us honour the memories of Chief Anthony Enahoro, Chief Abraham Adesanya, Commodore Dan Suleiman, Chief Arthur Nwankwo, Chief Chukwuemeka Ezeife, Admiral Ndubuisi Kanu, Chief Frank Kokori, Chief Bola Ige, Chief Adekunle Ajasin, Chief Ganiyu Dawodu, Chief Ayo Fasanmi, Chief Gani Fawehinmi, Chief Olabiyi Durojaiye, Dr. Beko Ransome-Kuti, Chima Ubani, and others who have transited to the higher realm.
7. The sacrifices of General Alani Akinrinade, Professor Bolaji Akinyemi, Professor Wole Soyinka, Chief Ralph Obioha, Chief Cornelius Adebayo, among many others, should never be forgotten. For at least six years, they bore the pains and difficulties of life in exile.
8. While the exiled pro-democracy activists kept the fire burning, their comrades at home sustained the pressure on the military brass hats. Among the latter are Olisa Agbakoba, Femi Falana, Abdul Oroh, Senator Shehu Sani, Governor Uba Sani, Chief Olu Falae, and other National Democratic Coalition leaders such as Chief Ayo Adebanjo and Chief Ayo Opadokun.
9. The sacrifices they made, and the precious gift brought about by their selfless devotion can never be repaid. Neither shall it be forgotten.
10. We could not have won the battle against military dictatorship without the irrepressible Nigerian journalists who mounted the barricades along with the pro-democracy activists. We celebrate them today, along with their media establishments such as The Punch, Guardian, National Concord, Tribune, The News/Tempo, and TELL Magazines. Military authorities proscribed these media establishments and jailed their journalists for standing for free speech and civil liberties.
11. Despite the lethal might of the military government, what appeared to be high and unyielding walls of dictatorship came tumbling down. The dismal fortress exists no longer.
12. The power of an idea, the power of the people proved more potent than all the guns and munitions, and the threats of the strongmen.
13. The nation exited the yoke of military rule in 1999 to become the most populous democracy on African soil, the beacon of democratic self-determination for the black race and one of the largest democracies in the world.
14. This change stands as a pivotal moment in human history. From this change, we shall never turn, nor shall the annals of mankind’s progress forget the sublime meaning of this great moment.
15. Today, 25 years later, we celebrate the silver anniversary of our journey in democracy.
16. We have steadied the course.
17. Democracy is neither a foreign nor abstract concept devoid of real-life meaning for us. Neither can we afford to reduce or minimalise it to being nothing but the mere holding of periodic elections where one candidate and party outdo another.
18. While elections attract dramatic attention, they are but one aspect of democracy. Democracy is a way of life that encompasses a broad outlook of which elections are but a part. As such, a nation can have elections without being democratic. But a nation cannot be truly democratic without holding elections.
19. That we have established a tradition of holding transparent, open, and fair elections gives credence to our democratic bearing. That we have experienced peaceful transitions of government affirms our democratic temperament.
20. Fellow Nigerians, true democracy shines its light into the daily lives of the people who live under its nurturing wings. It affords us the freedom and liberty to think as we want, live where we want and pursue whatever legitimate endeavour that suits us.
21. Democracy does not assume some false or forced unity of opinion. In fact, democracy assumes that conflicting ideas and differing opinions shall be the order of the day. Given the diversity and variety of the human experience, there must be diverse perspectives and viewpoints.
22. What democracy demands is that we do not resolve differences through force and repression. But we make allowance for the legitimacy of views that differ from our own.
23. Where other forms of government impose against the will of the people, democracy aims to make leaders sufficiently humble that they conduct themselves as servants of the common good, not as viceroys of the narrow interests of the mighty.
24. My dear compatriots, Nigeria faced a decision of untold gravity twenty-five years ago: Whether to veer toward a better destination or continue aimlessly in the fog of dictatorship.
25. We made the right choice then. We must continue with that choice now.
26. As Nigerians, we must remind ourselves that no matter how complicated democracy may be, it is the best form of governance in the long run. We must also be aware that there are those among us who will try to exploit current challenges to undermine, if not destroy, this democracy for which so much has already been given.
27. These people do this not to make things better but to subject all other people and things to their control and dominance until the point that, if you are not counted among their elite, then your life will be small and no longer owned by you.
28. This is the great battle of our day and the major reason we specially celebrate this Democracy day.
29. Fellow Nigerians, our Democracy is more than a historic fact. It is a living, breathing reality.
30. The true meaning of this day is not to focus solely on the great deeds of the past that have brought us to this point.
31. Yes, we pay eternal honour to those who laid down their lives, sacrificing everything to pave the way for the nation.
32. I stand uniquely placed in this regard. I was among those who took the risk to midwife the birth of our democracy. I am now a direct and obvious beneficiary of the fruits of those historic efforts.
33. As president of this nation, I am morally and constitutionally bound to preserve this precious form of governance. I vow to do my utmost best to protect your rights, freedoms, and liberties as citizens of Nigeria.
34. Even more than that, I pledge to do whatever is necessary to cement democracy as our way of life.
35. Although the challenges are steep and multiple, I am grateful to lead Nigeria at this moment in her history and point in her democratic journey.
36. I come before you also to declare that our most important work remains before us. This real test has never been whether we would rise to challenge the slings of misfortune and grievous pain of dictatorship.
37. The real test is whether we shall lower our guards as the shadow of despotism and its evident physical danger fade.
38. I say to you here and now that as we celebrate the enshrinement of our political democracy, let us commit ourselves to the fulfilment of its equally important counterpart, the realisation of our economic democracy.
39. I understand the economic difficulties we face as a nation.
40. Our economy has been in desperate need of reform for decades. It has been unbalanced because it was built on the flawed foundation of over-reliance on revenues from the exploitation of oil.
41. The reforms we have initiated are intended to create a stronger, better foundation for future growth. There is no doubt the reforms have occasioned hardship. Yet, they are necessary repairs required to fix the economy over the long run so that everyone has access to economic opportunity, fair pay and compensation for his endeavour and labour.
42. As we continue to reform the economy, I shall always listen to the people and will never turn my back on you.
43. In this spirit, we have negotiated in good faith and with open arms with organized labour on a new national minimum wage. We shall soon send an executive bill to the National Assembly to enshrine what has been agreed upon as part of our law for the next five years or less.
44. In the face of labour’s call for a national strike, we did not seek to oppress or crack down on the workers as a dictatorial government would have done. We chose the path of cooperation over conflict.
45. No one was arrested or threatened. Instead, the labour leadership was invited to break bread and negotiate toward a good-faith resolution.
46. Reasoned discussion and principled compromise are hallmarks of democracy. These themes shall continue to animate my policies and interaction with the constituent parts of our political economy.
47. I take on this vital task without fear or favour and I commit myself to this work until we have built a Nigeria where no man is oppressed.
48. In the end, our national greatness will not be achieved by travelling the easy road. It can only be achieved by taking the right one.
49. The words of the American President Franklin Roosevelt certainly ring true:
” There are many ways of going forward. But only one way of standing still”!
50. We dare not slumber lest the good things awaiting our immediate future pass us by. We dare not plant our feet in idle standstill in the middle of the intersection of hope and despair.
51. We know the proper way forward and we shall take it!
52. The initial rays of a brighter tomorrow now appear on the early horizon. An abundant future and our capacity to achieve that future lie within our reach. Democracy and the institutions it begets offer to take us to our profound destination.
53. Let us board this progressive train together. Together, let us move Nigeria forward.
54. Let’s continue to keep the fire of democracy burning. Let’s keep the torch lit for generations to come.
55. May God continue to bless the Federal Republic of Nigeria and preserve our democracy.
56. I wish us all Happy Democracy Day.
PRESIDENT BOLA AHMED TINUBU
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CBN Governor Affirms 1,000 Staff Exited Voluntarily Without Pressure

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By Gloria Ikibah
The Governor of the Central Bank of Nigeria (CBN), Mr. Olayemi Cardoso, has said that that the voluntary disengagement of 1,000 staff in December 2024, was initiated by the employees themselves, and all entitlements paid in full.
The CBN Governor who was made the clarification at an investigative hearing organized by the House of Representatives Ad-hoc Committee “To Investigate Central Bank Of Nigeria (CBN) Termination/Dismissal Of Staff” on the retirement of over 1000 staff of the Central Bank of and the associated N50 billion payoff scheme, on Friday in Abuja.
Cardoso who was represented by Deputy Director of Corporate Services, Bala Bello,
emphasized that the program was completely voluntary and aimed at enhancing the bank’s efficiency.
“The early exit program of the Central Bank is 100 percent voluntary.
“Nobody has been asked to leave, and nobody has been forced to leave. It is a completely voluntary program put in place at the request of staff”, Bello said.
He explained that the restructuring and reorganization efforts were designed to optimize the bank’s operations by aligning manpower, skills, and technology with its strategic goals.
According to him, the program was particularly beneficial to staff members who felt their career progression had stagnated due to limited opportunities.
“The objective is to ensure the right people are in the right positions, balancing human resource requirements with operational demands.
“For example, among those who left, some are setting up their own banks. These individuals saw the program as an opportunity to pursue other ventures”, he added.
Addressing concerns raised during the hearing, Bello reiterated that no staff member was coerced or intimidated into leaving.
“Those who wanted to take it did, and those who didn’t remain with the bank,”he said, stressing that the initiative was driven by popular demand from staff.
Earlier, Chairman of the Ad-hoc Committee, Rep. Usman Bello Kumo, assured stakeholders of a fair investigation, and stated that the committee’s role was to ensure transparency in the process.
“Our responsibility is to submit a comprehensive report to the House on the objectives, timeline, and impact of the restructuring, reorganization, and early exit program,” he said.
The CBN maintained that the N50 billion terminal benefits allocated to exiting staff were carefully calculated and distributed according to laid-down procedures.
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Our investigators taking bribe – EFCC Chairman admits

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The Chairman, Economic and Financial Crimes Commission, Mr Ola Olukoyede, has said some of the investigators are in the habit of demanding bribes from crime suspects, thus eroding the integrity of the agency.

Olukoyode warned the erring anti-graft agency’s investigators that they would be dealt with if they failed to retrace their steps with the policy’s guidelines, which are erected on responsibility, accountability, and transparency.

The EFCC boss made this known to the Commission’s members of staff during his New Year address at the Headquarters in Abuja.

President Bola Tinubu appointed Olukoyede as the EFCC helmsman in October 2023, following the suspension of Abdulrasheed Bawa in July, over suspected infractions while in office.

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He told the agency staff that the public views about their operations are not friendly, saying, “At this point, I need to strongly reiterate the issue of discipline, integrity and sense of responsibility in the way we do our work. Public opinions about the conduct of some of our investigators are adverse. The craze and quest for gratification, bribes and other compromises by some of our investigators are becoming too embarrassing and this must not continue.

“Let me sound a note of warning in this regard. I will not hesitate to wield the big stick against any form of infraction by any staff of the Commission. The Department of Internal Affairs has been directed to be more ardent in its work and monitor every staff in all their engagements. The image of the Commission is too important to be placed on the line by any corrupt officer.”

Earlier in his address, the anti-graft agency’s boss urged the staff to be up and doing, as he added that the development of the country depends on the competence of the Commission in dealing with corruption.

Olukoyede said, “As you would recall, our new policy drive is premised on a three-pronged agenda and blueprint. The first plank of the agenda is properly focusing on the mandate of the EFCC. All over the world, the major objective of the war against corruption and financial crimes is to drive economic development and create wealth and job opportunities for the populace. We need to come to these realities and operate by them. Our nation is in dire straits. We need to continue to do everything possible to stimulate the revenue profile of Nigeria.

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“There is no agency of government as crucial to the nation’s quest for growth and development as the EFCC. We have all it takes to bring up the profile and developmental index of our nation. I urge all of you to be steadfast and committed to this clarion.”

He urged the staff to adhere to the rule of law, and strife to promote the image of the agency and protect the reputation of the country, in order to attract foreign investors, with the direct aim of boosting the economy of Nigeria.

“The second plank of our policy direction is putting modalities in place for running the administration and governance of the nation at various levels in a most responsible, accountable and transparent manner as well as building and promoting the international image and reputation of Nigeria in the eye of the world as a country that is worthy of attracting foreign direct investments. To achieve all these, preventive mechanisms against corruption, adherence to the rule of law and engagement of diverse publics in the nation in the fight, are imperative,” he stated.

“I equally talk about the overarching need for a transactional credit system as a potent means of keeping corruption at bay. We need to encourage this and motivate Nigerians in this area. I want to particularly harp on the preventive modality which is the centerpiece of our new engagement. We are already building strength in this area through the restructuring of the layers of the Commission. I want every staff to be in tune with the new arrangement.”

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Speaking about the arrest and bail guidelines, the EFCC boss said, “Let me also talk about the review of the arrest and bail guidelines which I expect everyone to be familiar with by now. The review is informed by the need for us to conform with international best practices in law enforcement.

“We are a civilised anti-graft agency. Arrest and bail would henceforth be done in line with the rule of law. Our investigators should particularly take note of this. It is important for us to understand the dynamics of the world in the area of law enforcement. Change is the most permanent fact of life. We should not be seen to be resisting changes in our work.

“We are mindful of the increasing need for the welfare of staff and steps are being taken in this regard. I may not talk about specifics. However, the new year promises to bring smiles on the faces of staff across all the Commands. We will continue to do our best to put all of you at your best. However, to whom much is given, much is expected.

“Lastly, I have always said that we are all privileged to be staff of the EFCC. There is this Latin phrase that says, noblesse oblige, meaning, nobility demands responsibility. This is the crux of the matter. We should dignify the privilege of being EFCC staff with proportionate responsibility. It is both a duty and an obligation. I wish you all the best in the New Year.”

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The Legal Attache of the United States’ Federal Bureau of Investigation (FBI), Jack Smith, hailed the appointment of Olukoyede as the EFCC boss, when he paid him a courtesy visit, in November last year, praising him that “the rebranding and other positive initiatives are good.”

EFCC is currently investigating the alleged N37.1 billion fraud under the former Minister of Humanitarian Affairs, Disaster Management and Social Development, Saddiya Umar Faruq.

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Read reaction of Nigerians to N30m fees in Lagos school

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By Kayode Sanni-Arewa

Charterhouse, a British independent school located in the Lekki area of Lagos State, has once again sparked controversy over its fees, drawing criticism from Nigerians on social media.

According to its website, the Charterhouse Family of Schools has been a leading name in British education for over 400 years. The Lagos campus, the first African branch of Charterhouse UK, admitted its first set of students in September 2024, catering to Year 1 through Year 6 pupils.

The school previously faced criticism in April 2024 for its tuition fees, which were reportedly as high as N42 million per year, alongside a N2 million non-refundable registration fee. This sparked widespread backlash, with many questioning the affordability of the institution for the average Nigerian family.

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The debate resurfaced on Thursday following a video shared on X.com by user #itzbasito, captioned, “This is what the inside of the most expensive school in Lagos looks like. It costs N42 million per year.”

The video, attributed to Charterhouse, however, claimed that tuition and accommodation cost less than N30 million. The post has since garnered over 9,200 interactions on X.com, with many Nigerians criticising the costs, stating that even N30 million is excessively high.

One user, #TheWaleOrire, tweeted on Friday, “If the government can’t regulate school fees in primary and secondary schools, how can we achieve standardised universal basic education? There’s absolutely no reason why any secondary school in Nigeria should be charging N42 million per year.”

He added, “This only widens the gap between the lower, middle, and upper classes, turning education into a luxury for the rich instead of a right for every child. We need urgent reforms to bridge this inequality.”

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Other users echoed similar sentiments, arguing that the fees primarily catered to the wealthy elite.

#OAAdeniji wrote, “There is no way anyone in Nigeria, earning in Naira, will be paying N42 million per year for a secondary school student, no matter what they are being taught. This is more than outrageous.”

Another user, #toofighting, remarked, “You’d find that the students are mostly children of expatriates, and those fees are paid by the companies their parents work for. Most Nigerian parents cannot pay that sum out of pocket.”

Similarly, #rusticfunmi commented, “N42 million per annum just so some people can feel superior that their children will be taught by whites… sorry, ‘expatriates.’”

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In contrast, some users defended the school, arguing that it caters to a specific segment of society.

#Arsenicscot tweeted, “They don’t have the majority as their market target. All these una complain na for una pocket. When admission commences, the school will be filled; it won’t be scanty. The owners of the school know the segment of the population they are targeting. They won’t beg for students.”

Another user, #Treazyblaq, added, “If they can afford it, why not? These schools offer more than just education; they’re valuable for networking and building connections that can benefit the future. It’s an investment, not just in education but in opportunities and overall growth.”

The video also detailed the school’s boarding arrangements, stating that students would share rooms with three others, each having their own bed and private space. This sparked additional criticism, with some questioning the value provided.

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#SandraAdaeze4 commented, “N30 million a year only to share a room with four other students.” Similarly, #citiii added, “For that amount, there is no reason why each student shouldn’t have their own room or, at worst, two per room.”

Charterhouse’s website details its tiered fee structure for founding students, with tuition ranging from N16.1 million for Years 1–2 to N24 million for Year 9. Weekly boarding costs an additional N5 million, while full boarding is N7 million per year.

PUNCH reported in August 2024 that the Founding Head and Director of Education at Charterhouse, John Todd, clarified misinformation regarding the school’s fees.

He said, “In April, there was an online reaction to our school fees, which sparked a lot of discussion, with some people reacting to the figure of N42m. I want to set the record straight: our fees are currently N26m, not N42m. We’ve never charged N42m.”

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