News
Chief Tony Okocha Advocates Support for President Tinubu
In keeping with his promise of ensuring that projects to be embarked upon by the Niger Delta Development Commission (NDDC) in Rivers State under his reign as the Rivers State Representative in the 7th Governing Board of the NDDC are borne out of the needs of the people, and that these projects are completed on record time, Sir (Chief) Tony C. Okocha, DSSRS, JP, the Rivers State Representative in the 7th Governing Board of the NDDC, who is also the Chairman of the Caretaker Committee (CTC) of the All Progressives Congress (APC) in Rivers State, today, undertook the inspection of several ongoing NDDC projects across Rivers State.
The first point of call was the inspection of the “Construction of 2 Numbers of Two-Bedroom Semi Detached Principal and Teachers Quarters at Community Secondary School, Umuechem” in Etche local government area, in Rivers State.
To ensure the safety of the 2 Numbers Two-Bedroom Semi Detached Principal and Teachers Quarters Project which is under construction, and for the safety of the Principal, Staff Members, and others who will be making use of the facility, the Rivers State Representative in the NDDC promised to ensure that the entire school premises will be fenced and litted up with Solar Powered Street Light.
This particular project by the NDDC in Umuechem Community in Etche LGA in Rivers is jinks-breaking in that this is the very first time that any government project, from the Federal, State, or the local government would be cited in the community in her history, despite the huge contribution of the community to the nation from the huge mineral deposit in that community, which has been contributing to the economic mainstay of Nigeria.
For the records, Umuechem Community has about 53 Oil Wells that is sustaining the country with nothing to show for it before this project by the NDDC.
Next was the inspection of the “10 Bedroom Corpers’ Lodge Project” (all ensuite), sited at the Ignatius Ajuru University Campus in Ndele, in Emohua local government area, Rivers State.
The “10 Bedroom Corpers’ Lodge Project” in Emohua LGA has a gymnasium, a large-sized common room, and a leisure centre amongst other facilities for the comfort of the Corpers’ that will be making use of the facility.
From Emohua LGA, the inspection team led by the indefatigable Rivers State Representative in the NDDC headed straight to Soku Community in Akuku-Toru LGA, not minding the rain, for the inspection of “The Emergency Construction of 10,000 Gallons Capacity Solar-Powered Water Project at Soku Community, Akuku-Toru LGA, Rivers State.”
The Solar-Powered Water Project in Soku Community will be recticulated to all the nooks and crannies of the community to make life more meaningful for the people.
Recall that few months back, Soku Community was hit by a cholera outbreak in which the NDDC intervened swiftly through the office of the Rivers State Representative in the Governing Board to avert what would have resulted in the loss of several lives within Soku, and other satellite communities.
As a result of the report made available upon inspection and analysis of the water samples taken from Soku Community by a team from the World Health Organisation (WHO), Sir (Chief) Tony C. Okocha did promised to ensure that a safer source of drinking water will be provided to the people, as a permanent solution to the incessant and perennial cases of the outbreak of cholera which Soku Community has been experiencing since 1971.
On departure from Soku Community in Akuku-Toru LGA,, the train moved to Degema LGA in Rivers State, for the inspection of “The 1,300 Seater Pavilion Project”, sited at the premises of the Degema LGA Secretariat, Degema, Rivers State.
Also inspected today is the “Nkpolu Community Town Hall Project”, and the “Reconstruction of the NTA/Apara Link Road/Drainage Project”, all in Obio/Akpor LGA, Rivers State.
In all of the inspected project sites of ongoing NDDC projects in Rivers State, the people expressed their joy and excitement on the projects within their domain, while thanking the 7th Governing Board of the NDDC under Dr Samuel Ogbuku PhD, the Managing Director/Chief Executive Officer (MD/CEO) for the intervention, which they described as highly impactful, and timely.
In his responses at the various communities in the LGAs visited to inspect ongoing NDDC projects in Rivers State today, Sir (Chief) Tony C. Okocha, the Rivers State Representative in the NDDC affirmed that the progress made in executing the projects inspected was due to the peaceful disposition and cooperation of the benefitting communities.
Speaking further, Sir (Chief) Tony C. Okocha added that, “The project in your domain is in line with the mandate given to the NDDC by President Bola Ahmed Tinubu, GCFR, the President and Commander-In-Chief of the Armed Forces of the Federal Republic of Nigeria.
“Mr President feels the pain and hardship of the people, and is doing everything possible through projects, policies, and programs such as the continuous distribution of palliatives to the people, the increment of the minimum wage of Nigerian Workers by over 100% from #30,000 to #70,000 which has already been signed into law, the Students’ Loan Scheme, Massive investment in agriculture across the country, and the allocation of more funds to the 36 States and the 774 LGAs for the spread of more developmental projects across the country etc.
“It is important to note that the present economic situation in the country is as a result of many decades of accumulated challenges associated with governance which President Bola Ahmed Tinubu is committed towards providing lasting solution to.
“There’s practically no way that these challenges from many years of neglect and decay which has brought us to where we are today can be tackled in one year. No one can perform that magic, not even with a magic wand.
“The present government is merely one year in office, and what the President needs from the people is their continuous prayers, support, understanding, and cooperation.
“To the youths, l wish to appeal that you remain peaceful and shun all acts of violence.
“While it is the constitutional rights of citizens to protest, it is equally important that those behind the planned protest are known, and that they articulate their views properly, engage with the government, consolidate, before confrontation.
“The inspection of ongoing NDDC projects in Rivers State today is our own way of advocating for peace and support for the Renewed Hope Agenda of President Bola Ahmed Tinubu, and to also advocate
that the planned protest is shelved to avoid a breakdown of law and order, and to avoid a repeat of what happened in Kenya recently as a result of protest, which today has put Kenya in ruins. Sudan is also an example.
“I hear people talking about taking over the government as one of the reasons for the protest. Is that also an economic issue? It is clear that the planned “Nationwide Protest” is ultimately targeted at disrupting the present government of President Bola Ahmed Tinubu. No One can take over the government through the back door.
“For us in the 7th Governing Board of the NDDC, our focus is on providing more impactful projects to the people by changing the ugly narratives about the NDDC being a cash cow for some selected few.
“Gone is the era of doing 1 kilometre road to the house of any big man. Not Under my watch in Rivers State will that happen. Under the Chairmanship of Mr Chiedu Ebie, the Chairman of the Management Board of the NDDC, all the projects that will be embarked upon will be from needs assessment with the full and active participation of the people.
“The NDDC under the present Governing/Management Board will not abandon any project. That is our resolve, and it’s evident that we are committed to our promises with the number of projects scattered all over the State already within just seven (7) months of our being in charge. Every LGA in Rivers State will feel the presence and impact of the commission.
“For the contractors handling these projects, l wish to commend them for the speed with which they’re going about the execution of the projects even when they weren’t given a dime as mobilization.
“I wish to assure all our contractors that they will not be owed. They will all be paid in full upon completion of the jobs they’re handling.
“Ours is to pay the contractors upon the successful completion of the jobs at hand. All they need to do as contractors is to apply for payment, and they will be paid.
News
Change Negative Narrative About EFCC Being Used For Settling Political Scores- Reps
………Ask Anti Graft Agency To Fight Financial Crimes Within Established Laws
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……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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