News
Organisers turn down IGP’s proposal for Confined Protests, Insist On Street Processions
By Kayode Sanni-Arewa
Organisers of the planned #EndBadGovernance nationwide demonstrations slated for August have rejected the proposal by the Inspector General of Police (IGP) Kayode Egbetokun for confined protests.
At a meeting with the organisers on Tuesday, the IGP suggested confined protests in identified locations and advised against street rallies.
However, Ebun-Olu Adegboruwa (SAN), one of the lawyers for the Take It Back Movement, one of the groups organising the nationwide protests, rejected the proposal of the IGP.
Human rights lawyer Femi Falana (SAN), representatives of the Nigerian Bar Association (NBA), other lawyers, civil society organisations as well as some arrowheads of the planned protests attended the virtual meeting
The planned protests against economic hardship, which is gaining traction on social media, have been scheduled to be held across all states of the Federation as well as the nation’s capital Abuja in August.
Prices of food and basic commodities have gone through the roof in the last months, as Nigerians battle one of the country’s worst inflation rates and economic crises sparked by the government’s twin policies of petrol subsidy removal and unification of forex windows
The police, military and the Department of State Services had warned against Kenya-styled protests. Politicians, who surmised that the planned rallies might end up like the EndSARS demonstrations of October 2020, have continued to appeal to youths to shelve the planned rallies but the young people remain unfazed, doggedly insisting that the protests will hold.
Adegboruwa, one of the lawyers for the protesters, had on July 26, 2024, written the IGP to provide police coverage for protesters.
The IGP, in his response letter dated July 29, 2024, directed senior police officers to attend to the request of the senior lawyer.
Egbetokun subsequently requested to meet with Adegboruwa in Abuja on Tuesday, July 30, 2024, “to deliberate further” on his request.
However, the Senior Advocate of Nigeria opted for a virtual meeting with the police boss, enlisting Falana, members of the NBA and others to attend the meeting.
Adegboruwa highlighted some of the points of convergence for the protests as Eagle Square, Abuja; Alausa Park, Lagos; Akpakpava Lane, Benin City; School of Agric, Bauchi; Rosewale Filling Station, Iwo Road, Ibadan; Maiduguri Roundabout, opposite State Stadium, Damaturu, Yobe State; Rainbow Roundabout and Pantani Stadium, River and Freedom Park, Osogbo.
Focus On Thugs’
In his speech at Tuesday’s meeting, Egbetokun said some persons calling for violence during the forthcoming protests have been arrested.
After the IGP’s proposal, Adegboruwa said there would be street processions before protesters converged at specific locations sent to the police.
Also, Adegboruwa said the attention of the police should be focused on thugs and groups threatening fire and brimstone. He said the organisers cannot give a specific number of people who would participate in the protests as Nigerians have been invited to join the rallies.
The senior lawyer assured the IGP that the organisers are not destructive.
Egbetokun subsequently said the police would provide security cover for protesters at confined locations sent to the Force Headquarters.
The police boss added that if Commissioners of Police in states across the Federation have enough manpower, they could deploy their men to guard protesters during street processions.
He advised the organisers to contact police top brass in their various locations to notify them of their requests for security cover during street processions and confined protests.
News
Change Negative Narrative About EFCC Being Used For Settling Political Scores- Reps
………Ask Anti Graft Agency To Fight Financial Crimes Within Established Laws
.
……My Staff Are Poorly Paid, EFCC
…., States Why Fight Against Yahoo Boys Fierce
The House of Representatives has tasked the Economic and Financial Crimes Commission, EFCC, to purge itself from the negative impression that its being used to settle political scores and concentrate fighting financial and economic crimes within established laws.
The House handed the advise on Tuesday through the Chairman House Committee on Financial Crimes Honorable Ginger Onwusibe who led members of the committee on the 2024 oversight exercise on the commission.
The oversight covered extensive facility tour of departments and critical operational units of the antigraft agency.
In his terse remarks, Hon. Onwusibe challenged the agency to improve its operational activities in combating economic and financial crimes by complying with its 2004 Establishment Act and other relevant applicable laws like the Money Laundering ( Prevention and Prohibition) Act 2022: Terrorism ( Prevention and Prohibition) Act 2022: The Proceeds of Crime Act. 2022, as well as other statutes, that compels it to carry out these roles transparently with accountability and show that the negative maxim being peddled in some quarters that the agency is often being used for settling political scores is incorrect .
The committee assured that it will collaborate with the commission to actualize its mandate by enacting new laws or amending old ones and as well providing budgetary interventions, if it must strive tirelessly to be on top of its challenges
The House urged the agency to collaborate with sister agencies and desist from keeping suspects as- awaiting ‘trial in correctional centres nationwide
“At this point let me add that a recent visit to the Maximun and Minimun Correctional centres in Kirikiri Lagos State, numerous suspects have been awaiting trial for over one year and yet we are all acquainted with the saying that justice delayed is justice denied”
” It is on this note that we call on the EFCC, Attorney General of the Federation and the Judiciary to improve and ensure the administration of justice works and is efficiently delivered to the victims”
The House warned the agency to purge itself of rotten eggs in order to fight economic and financial crimes frontally, thereby stimulating the Nigerian economy
It also urged EFCC to focus properly on its mandate.
” The issue of appropriate and proper focusing on the mandate of the EFCC must relentlessly be on the front burner:
“Orders from competent courts , arrest and debt recovery must be pursued religiously” the House cautioned
But on its side, the antigraft agency said it has not deviated from its focus but rather working hard and fighting financial and economic crimes as enunciated in its mandate.
Chairman of the agency , Ola Olukeyede told his guest in his remarks during the oversight visit that the commission was doing much to fight financial and economic crimes and stimulate the Nigerian economy
He said so far that the agency has recovered over N250bn cash, tens of million of Dollars and other foreign currencies, with over 3000 convictions: 17000 petitions while also investigating over 20000,with about 4000 fresh cases , all being handled by a misery number of staff strenght
He noted that its priority is to improve the country’s image and stimulate its economy, such that there could be improvement in foregin direct investments and stimulation of the local economy.
Olukeyede however, argued that the agency needed more staff strenght, funding , better renumeration for staff because they were poorly paid. He also emphasised on modern day technology to fight the ever dynamic cyber criminals
According to the EFCC boss, it was important to give more salary to EFCC staff and deploy modern technology to fight emerging cyber crime dynamism . He expalined that the agency has increased efforts to fight Yahoo, yahhoo, boys because of their ability to crumble any economy within a twinkle of an eye
According to him, the agency was expanding its drag net to focus on ministries, departments and agencies infrastructural projects. ” “Go to MDAs and see their budget implementstion. It is not up to 20%”
“We want to ensure 50% infrastructural development” the anti graft boss announced, insisting that it would henceforth encourage monitoring of project implementation which was an aspect of preventing financial crimes
He said the agency has dismissed lots of erring staff, and will continue to dismiss and even prosecute them going forward.
Olukeyede disclosed that it had designed a template on staff integrity, using the Gift- Policy model
.” It is not every thankful gift we should collect” the EFCC boss warned
” I am advocating for more welfare improvement, better welfare, he said.
“We will do more recoveries, more convictions, but we need more resources to do our work, maintaining that, that was his stand on ethics and integrity .
Olokeyede’s demand for more salary wage for staff of the commission, is seen as an incentive to boost welfare and morale to fight financial crimes to standstill.
He stated that there was the utmost need to increase salaries of staff of the commission
The EFCC boss who spoke on his stewardship in the last one year, further added that it increased the war against Yahoo- Yahoo boys because of the consequences of their nefarious acts which could crumble a nation’s economy in a jiffy.
He argued that more technology was required to fight financial crimes.
For instance he explained that it was a common scenario then for thieves and armed robbers to attack and break into banks with guns and Dynamites
” But it is the same common and more easier scenario and task now to have Yahoo-Yahoo boys and bank thieves attack banks with technology in the comfort of their homes or hideouts”
“So we need technology and we also need to increase our fight against these Yahoo boys who can dismantle any economy within a twinkle of an eye
He called on the national Assembly to improve and increase its finances because fighting Financial crimes was a herculean task that requires adequate funding
Olokeyede who apparently was responding to criticisms of the commission’s over concentration on Cyber crimes/ thieves, perpetrated by Yahoo boys, said he has made tremendous impact in enforcement, investigation and conviction with an outstanding record convictions between October 2023 when he was appointed till date
News
Trouble looming for Obaseki as Gov Okpebholo orders probe of his admin
By Kayode Sanni-Arewa
Governor Monday Okpebholo of Edo State has ordered the setting up of a committee to probe the immediate-past administration of Godwin Obaseki for its failure to inaugurate 14 Edo Assembly lawmakers-elect into the 7th Assembly.
Okpebholo disclosed this while giving his inaugural speech as the new governor of the state.
Governor Okpebholo also ordered the State Chief Judge to immediately investigate the initial delay of former Governor Obaseki to inaugurate duly-cleared judges by the National Judicial Council (NJC) last year
News
Naira may depreciate to N1,993 against dollar – Report
By Kayode Sanni-Arewa
Nigeria’s naira has been projected to depreciate further to N1,993 per dollar in the coming days.
This is according to BMI, a Fitch Solutions subsidiary report title, ‘Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market Growth’.
The report said the forecasted depreciation will be predicated on the 95 percent dependence on imports for pharmaceuticals in Nigeria.
According to the report, the development would erode both the health system and patient purchasing power.
“We expect that the naira will end 2028 at N1,993/$ from N306/$ in 2018.
“As the naira weakens, the cost of importing medical devices will continually increase, eroding both the health system and patient purchasing power, especially to invest in essential medical technologies given the underfunding of the public health sector,” the report stated.
This comes as Naira fell to N1681.42 and N1735 at the official and parallel foreign exchange markets on Monday.
This comes as FMDQ FX transaction turnover dropped significantly from $1.4 billion on Friday to $471.5 million on Monday.
Last Thursday, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, said the country’s external reserves rose to $40 billion.
Despite Central Bank of Nigeria’s interventions and external reserves rise in the last months, the naira has continued to experience fluctuations in the FX market.
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