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Viewpoint: Of National Honours, Politics And Value

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By Reuben Abati

‘For First Time, Buhari Excludes Ex-Senate President, Saraki, from National Honours’ — This was how the ThisDay newspaper of October 3, 2022, reported the story of the 2022 National Honours ceremony scheduled for October 11 at the State House in Abuja. Other newspapers also wrote the story from the Saraki angle. Before the ThisDay report, the media had reported that the Coalition of Northern Groups (CNG) had raised an alarm that there was a deliberate attempt to deny Senator Saraki his place in history by excluding him from the national honours list. The CNG also pointed out that whereas Saraki served as the 13th senate president of the federal republic and chairman of the 8th national assembly from 2015 -2019, three years later his portrait is not on display in the main gallery of the National Assembly.

In the various reports in ThisDay newspaper, The Punch, TheCable, The Sun, Leadership, Blueprint and others, quoting the CNG and also, another group, the Arewa Think Tank (ATT), the suggestion was that Saraki is legitimately entitled to the second highest national honour in the land, namely the grand commander of the order of the Niger (GCON) since the convention had been to honour certain categories of persons for having served in certain capacities.

It was even clearly stated that Saraki is being denied his entitlement because of his political rivalry with President Muhammadu Buhari. Saraki emerged as Nigeria’s senate president in 2015, on the platform of the ruling All Progressives Congress (APC) under circumstances that suggested that he simply outsmarted the party hierarchy that did not want him. He turned out to be a senate president from the ruling party with a mind of his own. Under his watch, the senate passed about 201 bills and claims the distinction of being far more productive than other national assemblies since the return to civilian rule in 1999. Saraki refused to act as the ruling government’s rubber stamp.

It was therefore a question of time before he ended up leaving the party. He returned to where he came from; the Peoples Democratic Party (PDP) and to say that his political fortunes have changed since then, especially in his native Kwara state is to state the obvious.

The way these things go, it was obvious that someone was deliberately pushing the Saraki side of the story to make a point. But what is the worth of national honour in Nigeria? It is a nice chieftaincy title which comes with a medal, a certificate and a pin on your chest, to which anyone who has ever served Nigeria feels entitled. It doesn’t matter if you were a houseboy in the corridors of power, the thrill of the recognition is in itself the thing, and while the honour does not come with a salary or pension, you can get a seat, and a cup of coffee or tea at the state VIP lounge at the international airport whenever you are travelling and you can flaunt the suffix after your name to show that you are above the ordinary run. Those who want Saraki to be given a GCON have managed to establish that the national honours list has been politicised.

It has always been so. I also agree with them that there should be no pettiness in the award of national honours. Other former senate presidents got the GCON, there is no reason why Saraki should be denied his, going by convention. Should he, or anyone decide to turn down the honour, it should be their prerogative to do so, and not that they have been chosen for deliberate humiliation for partisan reasons. Every human being craves respect, recognition and relevance, and if they are so deserving, they should be so honoured.

But the point needs to be made though that Senator Bukola Saraki is not undecorated, nor can a GCON make much difference to his pulse rate. In 2010, he got the CON award (Commander of the Order of the Niger), for his services as governor of Kwara state. The CON is one of the top national honours usually reserved for ministers, governors and justices of the supreme court. Within the established order, however, persons can be promoted from one level to the other. Saraki’s supporters want a GCON, the second highest honour in the land, for him. Perhaps because of the furore that the 2022 national honours list that was in circulation in the last few days has generated and concerns raised by some stakeholders, the federal government has now disclaimed the list of 437 persons on display.

A statement from the federal ministry of special duties and intergovernmental affairs stated yesterday, that whatever list was in circulation was a fake list, and the government was yet to release any list to the public. In light of this, it would be premature to condemn or endorse the list that has now been disowned. October 11, the scheduled date of the national awards ceremony is barely a week away. It would be nice if the federal government can finalise the process and release the authentic list for public scrutiny and commentary. When the “authentic list” is then released, it would be our duty to compare and contrast and seek to differentiate between what is fake and true, but before that is done, we can safely make the following observations.

Nigeria’s national honour is a creation of the National Honours Act of 1964 with the following established categories: GCFR, GCON, CFR, CON, OFR, OON, MFR, MON and service medals – FSS, GSS, DSS, MSS, CMH and CM for service to the nation and individual distinction, to honour, celebrate, inspire, express appreciation and to promote bilateral relations/international friendship. But the big problem that has been observed with the national honours warrant is that it has been reduced to the level of an award of chieftaincy titles whereby anyone with any form of proximity to power is decorated with the highest honours of the land.

In other jurisdictions, the honours list is used to make a statement about values and contributions. In Nigeria, it got reduced to such a ridiculous level, it became an award for any Dick and Harry including concubines and housemaids. Even traditional rulers who are of no value to their own people are routinely decorated with national honours and not a few persons of shady persona go about adding national honours to their names., not to talk of governors who in other societies would never be allowed to show up in decent company after their tenure of office. In Nigeria, you find all sorts on the national honours list. The pattern needs to change.

The closest that the Buhari government has gone to getting things right was the refusal to turn the national honours ritual into an annual jamboree. In 2018, the administration announced post-humous national honours for Chief MKO Abiola, Chief Gani Fawehinmi and others. I shall come to that later. Also, when recently, the administration gave out national honours in mid-September, I thought it struck the right notes by focusing strictly on athletes who did the country proud at the World Athletics Championships in Oregon, United States and at the 2022 Commonwealth Games in Birmingham, UK. Nobody would question why Ese Brume, Tobi Amusan, Blessing Okorodudu, Favour Ofili and others got national awards. Their example shows commitment, hard work, excellence, and patriotism. What rankles, and here is my point, is the usual tendency to turn Nigeria’s national honours into the equivalent of souvenirs at a jollof rice and pepper soup party.

It is not right that a governor of a state whose only notable achievement is the erection of a few electricity poles in the state capital and the digging of a couple of boreholes in his mother’s village, gets a national honour or those incompetent service chiefs who cannot provide security receive recognition as heroes, or that faceless and idle traditional rulers are given the national recognition they do not deserve. The emphasis should be truly on service, honour and values. When the federal government releases its “authentic list”, this is what we should look out for.

The Buhari administration has restrained itself before now from giving out national honours like a jamboree. But it seems it now wants to do so on October 11. Why now? Out of pressure? End-of-tenure blues? Whatever it is, a list of 437 honorees as has been suggested is unwieldy. Elsewhere, the number of persons to be awarded a category of honour annually is capped. We should introduce such a cap to confer more seriousness and dignity on the awards.

Before now, it had been argued that the National Honours Warrant of Nigeria does not accommodate the conferment of the national honour on the dead. In the now disclaimed 2022 list, there were a few post-humous indications – late Abba Kyari, Chief Anthony Enahoro, Professor Bala Usman and late Gambo Sawaba. Section 2 of the law says that the national honour must be received “in person at an investiture held for the purpose”. The Buhari administration broke the convention when it conferred the national honours of GCON and GCFR posthumously on the late Chief MKO Abiola and Chief Gani Fawehimni in 2018 respectively, citing Section 3 of the same law which grants the president “unqualified discretion” to grant National Honour as he may deem fit.

Femi Falana (SAN) defended the legality of post-humous national awards at the time in the public domain against the position of Justice Alfa Belgore, CJN between 2006 -2007 and chairman of the national honours committee in 2016, who along with others, had raised the issue then. What is probably required is a simple review of the National Honours Act or executive order to lay this matter to rest and thus remove whatever ambiguity may be attached to the interpretation of Sections 1-3 of the National Honours Act even when the action of the government appears to be in alignment with public expectations as in the 2018 cited cases. The word “expedient” in Section 3 of the enabling act may be open to differing interpretations, especially as no one has deemed it necessary to seek judicial intervention.

The point, at the risk of repetition, is that the national honours selection process, while a prerogative of the executive arm of government, needs to be subjected to greater scrutiny in order to protect its integrity. We must ensure that whoever goes about with Nigeria’s national honour indeed deserves it. It is not only in Nigeria that the selection process attracts controversy. There have been similar arguments such as we have here in Jamaica, India, Bahamas, and other places. There is nothing wrong with making the selection process more transparent and participatory. One obvious way to avoid unnecessary controversy is to make the list short and specific and ensure the greater participation of the civil society.

It also seems to me that the usual practice of relegating artistes and performers to the Member of the Order of the Niger (MON) and Member of the Federal Republic (MFR) categories is unacceptable. If indeed their names are on the list, the likes of Damini Ogulu (Burna Boy), Innocent Tuface Idibia, and Teniola Apata deserve a higher placement on the list than many others for having done more to place Nigeria positively on the global map, and for promoting happiness in the land.

As to the controversy about the list that is in circulation and the federal government’s disclaimer, a week before the awards ceremony, just a few questions would be in order: is the published date of October 11 also fake? Did the federal government send out letters of award/invitation or not? Is it possible for likely honorees to talk to the media and inform friends and family if they are not sure that their names are on the list? Is it true as alleged that some people who are responsible for the continued closure of Nigerian universities, and the agony of Nigerian students are actually on the honours list? Nigeria at 62; with all the problems that we have is this the right time for celebration, shame or reflection? It is not enough to blame “overzealous reporters whose aim is to break news even when such news is fake” as has been said. It won’t be too long before the truth is known.

Abati is a journalist and public affairs analyst

PDP: BoT Meets As Aspirants Demand Ayu’s Resignation

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Nyesom Wike and Iyorcha Ayu

The Board of Trustees of the Peoples Democratic Party, PDP will meet later this week to determine the fate of Iyorcha Ayu as the National Chairman of the party.

The meeting is coming on the crest of a petition by some members of the party calling on Ayu and two other officials of the party to resign.

The embattled PDP chairman has been under serious pressure from a group in the party led by the Governor of Rivers state, Nyesom Wike, to vacate his position.

The irate group is made up also of Governors Seyi Makinde (Oyo), Ifeanyi Ugwuayi (Enugu), Samuel Ortom (Benue) states among others.

These governors have caused a panic in the party by staying away from the Presidential Campaign of the party’s presidential candidate, Atiku Abubakar, who again met with Governor Wike in Abuja to salvage the situation.

According to sources who attended the meeting Atiku had with Wike, the River’s governor insisted that he would not support Atiku until Ayu resigns from office.

Worried by the latest development, the party’s BoT under the leadership of Adolphus Wabara has fixed a meeting for this week to decide the fate of Ayu.

The decision is coming barely a month after on the National Executive Council, NEC of the party passed a vote of confidence on Ayu on September 7.

The details of the meeting has not been made public but the former BoT Chairman, Walid Jibrin told the Punch yesterday that the Board has to wade in on the crisis which has shown no sign of abating.

He said, “There is a (BoT) meeting this week but I don’t know the date yet. What we are interested in is that we must speak with one voice and stay with the party’s plans and objectives to enable us to win the elections in 2023.

“We must encourage our members to rally other Nigerians to come out and vote for Atiku Abubakar and Ifeanyi Okowa.”

“We must not allow division like we are now witnessing in the NWC. All other organs must understand that the party constitution is supreme.

“Once the NWC members accommodate loopholes in the administration of the party, the PDP is finished.”

Meanwhile, the crisis rocking the opposition party took a different dimension on Monday after a Forum of candidates and aspirants passed a vote of no confidence on Ayu.

The group led by Chris Ogbu in their petition to the party’s NEC said the three officials must resign withing 48 hours, saying the party cannot go into next year election as a divided house.

Buhari Appoints MD, Two EDs For NSIA

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President Muhammadu Buhari has appointed Aminu Umar-Sadiq as the managing director and chief executive officer of the Nigeria Sovereign Investment Authority, NSIA.

The president also appointed Kolawole Owodunni and Bisi Makoju as executive directors for the Authority, according to a statement issued by Yunusa Tanko Abdullahi, Special Adviser, Media and Communications to the Minister of Finance, Budget, and National Planning.

Sadiq succeeds Uche Orji whose tenure expired on September, 2022 after serving 10 years in the job.

Aminu Umar-Sadiq has more than 15 years of expertise in the financial services industry, including asset management, mergers and acquisitions, management of public finances, and private equity.

According to his resume, Sadiq holds Bachelor’s and Master’s degrees in Engineering Sciences from the University of Oxford (Saint John’s College), Oxford, United Kingdom. He is currently an executive director and head of infrastructure (UK).

He started his professional career with Morgan Stanley’s mergers and acquisitions department, then moved on to Denham Capital Management, a private equity firm with a natural resources specialist, and finally to Société Générale’s mergers and acquisitions department.

He serves on numerous boards in a non-executive capacity, including on the Fund for Agricultural Finance in Nigeria (FAFIN), NSIA Healthcare Development and Investment Company, and the Multipurpose Industrial Platform Limited (MIPL).

He is an Archbishop Tutu Leadership Fellow (ATLF) and also Mandela Washington Fellow (MWF). Umar-Sadiq commenced his professional career in Mergers and Acquisitions (M&A) focused on Infrastructure and Energy at Morgan Stanley Investment Bank, proceeding to Infrastructure focused private equity at Denham Capital Management, all in the UK.

He was also a part of the Presidential Infrastructure Development Fund, an investment fund focused on the actualisation of five strategic nationwide projects in the transportation and power sectors.

Ekiti: SDP Slams Fayemi, Calls Him Reckless For Disparaging Judiciary

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By Ayodele Oni

The Social Democratic Party, (SDP) in Ekiti State has taken a swipe at Governor Kayode Fayemi for Disparaging the judiciary.

SDP said as one of beneficiaries of judiciary in his political career, Governor Fayemi should hold the judiciary in high esteem.

SDP statement in Ado Ekiti on Monday quoted Dr Fayemi of saying that the cases instituted against the Governor elect, Biodun Oyebanji  against his victory at the June 18 gubernatorial election both at the tribunal and the conventional courts are mere entertainment.

It described the statement  as “reckless, a show of desperation and rascality from a frustrated mind.”

Public Relation Officer SDP, Gani Salau who signed the statement, added that for the non performing outgoing Governor to have uttered such comment on the nation”s judiciary is tasteless and worthy to be condemned in its entirety.

“How can a person who went through the rigour of the judiciary in three and half years pursuing his mandate before he could be declared as the Governor of Ekiti State in 2010 by the Court of Appeal, Ilorin division could come to a conclusion that he has judiciary in his pocket and that is what he knows best to do?

“This is a denigration of the respected third arm of government which is believed to be an arbiter and the hope of common man in the discharge of its duties as enshrined in the nation’s constitution.

“This is a Governor that made empty boasts and promises immediately he was sworn in 2010 that he would clear the backlog of the pension and salary areas within six months of his administration and he is leaving these promises without fulfilling them.”

The party’s image maker called on the relevant authorities and the stakeholders in Ekiti project to be on the watch on the recklessness and rascality of the outgoing Governor, who is educated enough to have known that such a reckless and empty assumption and statement is not expected at this material time since the victory of Oyebanji is being challenged at the courts.

“Fayemi and the APC are jittery on the ongoing tribunal case based on the grounds of what we presented and requested before the tribunal ranging from certificate forgery of his running mate and their nominations for the June 18 gubernatorial election by the former national Chairman of the APC and the Governor of Yobe state, Maimala Buni.

“This has been declared illegal by the supreme court earlier in Akeredolu vs Jegede and the recent Federal High Court declaration of the candidature of the governor of Osun state, Oyetola as illegal, further makes Fayemi and his co-travellers  sleepless night.”

Salau added that the enormous and weighty evidences before the tribunal as adjudicated on earlier as precedences before the tribunal are enough to give the Social Democratic Party and the gubernatorial candidate in the June 18 election , Chief Segun Oni a resounding victory as the next Governor of Ekiti State.

“It is on this note that we are calling on the security agents and other stakeholders to keep watching the covert and overt activities of the outgoing Governor on his despiration as the ongoing tribunal case resumes its sitting this week and other substituent cases unfold.

2023: Adebutu Says It Is Atiku’s Turn To Be President And Not Yorubas

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Oladipupo Adebutu

By Akinwale Kasali

Oladipupo Adebutu, the Peoples Democratic Party, PDP, Ogun State Governorship Candidate, has said that it is not the time for the Yoruba to become the President of the nation in 2023 as being canvassed from different quarters. Rather, he said, it is the turn of Atiku Abubakar, the PDP Presidential Candidate to take over the saddle.

Adebutu asked  the Yoruba people  not to be selfish but to support Atiku’s presidential aspiration in the 2023 general elections.

Adebutu spoke on Monday in Abeokuta, the Ogun State capital, during a campaign to garner support ahead of the 2023 polls.

According to him, former President Olusegun Obasanjo and interim Head of State Ernest Shonekan from the South-West geopolitical zone have been Nigerian leaders at separate times whilst nobody from the North-East has been the first citizen.

Adebutu, who code-mixed the Yoruba with the English language, said, “What I want to talk about today is the coexistence of the Yoruba people with others in Nigeria.

“Earlier, I told some people to support Alhaji Atiku Abubakar as the next president for the peace of Nigeria but some people turned deaf ears; they insisted that it is the turn of the Yoruba people but the Yoruba people have been in power for a number of times.

“Our father Olusegun Obasanjo was in power. Our father (Ernest) Shonekan was also there. Let’s not be selfish. Is it only Yoruba that exists? The truth must be said.”

Adebutu also claimed some persons have lost their integrity because of a pot of porridge.

“We cannot take Yorubaland out of the mainstream of Nigeria. Yorubaland must remain in the mainstream of Nigeria,” he noted whilst reacting to secession calls by some groups.

The 75-year-old Atiku is jostling for the nation’s top job in 2023 alongside All Progressives Congress, APC, Presidential Candidate, Adekanye Bola Ahmed Tinubu, who is from the South-West,  as well as Peter Obi of the Labour Party (from Anambra State in the South-East), amongst other contenders.

In attendance at the rally on Monday include Adebutu’s running mate, Adekunle Akinlade; former Kano State Governor, Ibrahim Shekarau; and his Niger State counterpart, Babangida Aliyu; amongst others.

How NDLEA Bursted Billionaire Drug Dealer In His Lekki Mansion

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Ugochukwu Nsofor Chukwukadibia Arrested by NDLEA

By Akinwale Kasali

An obscenely rich Nigerian has been arrested by the National Drug Law Enforcement Agency, NDLEA.

Ugochukwu Nsofor Chukwukadibia lived large, and was the envy of many in the high brow Lekki, Lagos area where he has a couple of mansions. Not many suspected his line of business as an alleged Drug  Baron until NDLEA Operatives struck. When they struck, they  uncovered  an unprecedented 13 million Tramadol Pills in his sprawling mansion which he had turned into a warehouse.

The worth of the Tramadol, according to NDLEA’s Spokesman, Femi Babafemi, is  over N8.8 billion.

A statement by the NDLEA, said the pills recovered from the mansion were no less than 13,451,466.

Chukwukadibia has been arrested and presently in the custody of the NDLEA.

The statemt read in part: “The arrest of Ugochukwu, who is the Chairman of Autonation Motors Ltd, is coming barely two months after NDLEA uncovered at least 258.7kg of crystal methamphetamine in a clandestine laboratory in the residence of another drug kingpin in the estate, Chris Emeka Nzewi, who was arrested alongside a chemist, Sunday Ukah, who cooked the illicit drug for him, on September 30.

“Following credible intelligence, NDLEA operatives on Friday 30th September stormed the Plot A45 Road 2 home of the 52-year-old billionaire drug kingpin. A search of the expansive mansion led to the discovery of 443 cartons of Tramadol Hydrochloride 225mg, which contains 13, 451, 466 pills of the drug while some cartons were already burnt in a fire incident in the house same day.

“Before his arrest, Ugochukwu who hails from Ihiala Local Government Area of Anambra state has been on the Agency’s watch list as one of those behind the tramadol drug cartel in Nigeria.

“Preliminary investigation shows that he has about six mansions within the VGC, one of which he uses to warehouse the tramadol consignment, while he lives in the one at Plot Z-130 Road 67 and another as his office.

“Five exotic vehicles have also been located in two of his mansions, out of which two SUVs including a bullet jeep have been successfully removed to the Agencys facility.

“Reacting to the latest drug haul, Chairman/Chief Executive of NDLEA, Brig. Gen. Mohamed Buba Marwa (retd.) commended the officers and men involved in the operation for their diligence while also appreciating Nigerians for supporting the Agency in its arduous task of ridding the country of the menace of drug abuse and illicit drug trafficking.”

Fr. Mbaka’s Punishment Continues; Posted To  Monastery; Followers Rebel, Chase Successor Away

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Ejike Mbaka Fr

By Akinwale Kasali

The disciplinary action against Rev. Fr. Ejike Mbaka continued with his removal as the Director of the Adoration Ministry Enugu Nigeria, AMEN on Sunday.

He  was posted to a  Monastery by the Catholic Bishop of Enugu Diocese, Most Rev. Callistus Onaga.

Mbaka’s removal came three days after the Bishop reopened Adoration Ground which he ordered closed about three months ago over Mbaka’s dabbling into politics and his continous unprovoked attack against Peter Obi, the Presidential candidate of the Labour Party, LP.

Mbaka had told his congregation that nobody should vote for Obi because “he is a stingy man.” Quite a number of people reacted to Mbaka’s inexplicable attack, and called on the Catholic Church to discipline the Priest because he had, on a number of times, spoke and behaved in an unfriendly manner, and was becoming a burden on the Church.

Embarrassed, the Bishop suspended him, ordered AMEN closed and stopped every Priest from going there.

But four days ago, Mbaka, in a tweet announced the reopening of AMEN by the Bishop and invited all “Adorers” to a 10 am Mass on Sunday October 2, 2022.

It was at the Mass that Mbaka also announced his removal, posting to the Monastery and his replacement by  Rev. Fr. Anthony Amadi as the new boss of the Adoration Ministry.

His announcement  caused an uproar. His followers rejrctedthe  Fr. Amadi, and reportedly chased him out.

When he closed the Adoration Ministry on 3rd June, 2022, Onaga had said, “In the light of the happenings in the Catholic Adoration Ministry Chaplaincy Enugu, capable of undermining the Catholic faith and teachings, and after several fraternal corrections and admonitions to Fr. Camillus Ejike Mbaka, the Chaplain of the Ministry; and after having given him pastoral directives and guidelines for the Ministry Chaplaincy, which he persistently violated.

“And in fulfilment of my pastoral duties as the Chief Shepherd with the obligation to promote and safeguard the Catholic faith and morals in Enugu Diocese, I hereby prohibit all Catholics (clergy, religious and lay faithful) henceforth from attending all religious and liturgical activities of the Catholic Adoration Ministry until the due canonical process initiated by the Diocese is concluded.

“My decision is based on the fact that some of the teachings and utterances of Fr. Camillus Ejike Mbaka at the Catholic Adoration Ministry are not consistent with the teachings and faith of the Catholic Church.”

Mbaka’s transfer, as he told his followers, is  with immediate effect.

The Church has not reacted to the reaction of his congregation over his reposting to the Monastery.

The Director, Catholic Communication, Rev Fr. Benjamin Achi, is yet to comment on behalf of the Church.

Polaris Bank: CBN, Falana Biker Over Reported Sale

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Godwin Emefiele

The CBN has failed to give details on whether it has decided to sell Polaris Bank. The magazine had earlier reported the alleged secret sale of the commercial bank to a businessman related to President Muhammadu Buhari by the Godwin Emefiele-led apex bank.

Even though the management of Polaris Bank dismissed the report, Femi Falana, a human rights lawyer in a letter dated August 25, 2022, demanded that the CBN make a public pronouncement on the issue.

Failure to do that, the Senior Advocate of Nigeria, SAN, said he will drag the CBN to court.

Part of Falana’s letter reads: “We commend the Central Bank of Nigeria for bailing out Polaris Bank Nigeria Limited with the sum of N1.2 trillion,” the letter reads.

“We have however read in the People’s Gazette online medium that the Central Bank has concluded arrangements to sell the Polaris Bank at a ridiculous sum of N40 billion.

“In view of the foregoing, kindly furnish us with detailed information on the proposed sale of the Polaris Bank Nigeria Limited including the name of the lucky buyer.

“As this request is made pursuant to the provisions of the Freedom of Information Act 2011, you are required to accede to our request within 7 days of the receipt of this letter.”

“Take notice that if you fail or refuse to furnish us with the requested information we shall not to pray the Federal High Court to compel you to accede to our request.”

Responding to Falana’s letter, the CBN said in a letter signed by Aminu Mohammed, for Director/ Secretary to the Board, that it will only make information on the issue available at the appropriate time.

“We write to acknowledge the receipt of your letter dated the 25th of August 2022 and received on the 1st of September 2022 on the above subject and wish to inform you that the information being sought, where available, will be communicated to you in due course,” the apex bank responded,” the bank said in the letter dated September 21, 2022.

Polaris Bank had on August 6 denied that the bank has been sold, describing the report as a figment of the imagination of those peddling the rumour.

The bank said, “Our attention has been drawn to an online report on the purported sale of Polaris Bank Limited. This publication is speculative, deliberately intended to create panic and should be disregarded by the banking public.

“Stakeholders may recall the regulatory intervention in the erstwhile Skye Bank by the CBN and the subsequent injection of capital via the Asset Management Corporation of Nigeria through a bridge bank process, which birthed Polaris Bank in 2018.

“The bank has since stabilised its operations following the intervention; improving its balance sheet, customer base and profitability.”

“Whilst the intention has always been to return the bank to private ownership, such a sale will occur following regulatory approvals with formal notification to all relevant stakeholders.’’

Since the take-over of the former Skye Bank now Polaris Bank by the Asset Management Company of Nigeria, AMCON in 2019, over N1.2 trillion has been spent by the CBN to stabilize it.

Not a few Nigerians were however shocked when it was reported that the CBN has sold the bank for a paltry N40 billion.

Oil Theft: Falana Says N17bn Allocation To Protect Oil Assets Missing

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The federal government has failed to account for the N17 billion allocation to prevent oil theft in the country, Femi Falana, a human rights activist, has said.

The incidences of crude oil theft cost the country at least $7 million, with over 700,000 barrels of crude stolen daily from the creeks in the Niger Delta, according to the Ministry of Petroleum Resources.

The country has now lost its prime position as Africa’s top crude oil producer to Angola due to its failure to meet Organisation of Petroleum Exporting Countries, OPEC, quota, with revenue from oil export hard hit.

As a way out of the problem, the Buhari administration recently awarded a N44 billion pipeline protection contract to repentant militant Government Ekpumoplo also known as Tompolo.

Not a few Nigerians have condemned the government’s decision to award the multi-billion-naira contract to the former warlord, saying, security agencies and not non-state actors should protect national assets.

Speaking at an event organized by the Socio-Economic Rights and Accountability Projects, SERAP at the weekend, Falana, “we must take advantage of this forum to expose the government for the claim that they do not know those who are stealing oil in the Niger Delta. I hope the government people are going to listen well. For the first time in 50 years, we are unable to meet our oil quota in a very shameful manner. Our quota is 1.8 million barrels of crude oil per day.

“Today, the government claims we are producing only 900,000 barrels. What that means is that at 100 dollars per barrel, it’s about 99 million dollars per day.

“We cannot be producing oil for thieves. No resourceful government in the world today can say we don’t know why thieves tamper with computers because technology has gone beyond this level. We have 36 oil terminals; only 20 have meters.

“So, for the remaining 16 deliberately, we don’t know how much oil is produced. We don’t know how much oil is taken out of those areas. So, we must insist that the government, as a matter of urgency, acquire metres for all the oil terminals.”

Ex-Gov Receives Knocks For Comparing Tinubu With Azikiwe, Awolowo

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Former Governor Tanko Almakura of Nasarawa state has compared Bola Ahmed Tinubu with Nigeria’s founding fathers such as the late Sage and former Premier of defunct Western Region, Obafemi Awolowo, Ahmadu Bello, and Nnamdi Azikiwe.

Azikiwe was Nigeria’s first president and commander-in-chief, while Bello was the premier of the Northern Republic during the First Republic.

After their death, the three leaders are still admired across the country due to the impacts they made on their people and polity.

Many national monuments have also been named after them to appreciate their contributions to the nation’s development.

Present Nigerian leaders are struggling to earn respect from their people due to their selfishness and inability to lead from the front, many say.

Tinubu who is aspiring to become president next year has received knocks from not a few who accused him of corruption.

His health status has also come under close scrutiny from other people who insist that the former Lagos Governor is not fit enough to run for the highest office in the country.

Speaking on Tinubu, Senator Al-Makura said the APC presidential hopeful is in the same category with the three statesmen.

Speaking with NAN on Monday, Al-Makura said none of the presidential candidates can match the competence and achievements of the APC standard bearer for the 2023 election.

He said Tinubu is the most qualified among those running for president in 2023, adding that he has a strong record of performance while he was Lagos State governor.

Referring to other presidential candidates, Al-Makura said Tinubu and his running mate, Kassim Shettima cannot be compared to them: “Take them one by one and compare with any of the two pairs in other parties, you won’t go far before you realise that it is not a contest,” he said.

“Take Tinubu and what he has done in Lagos state and the country physically, politically, socially, culturally and economically, I do not see any presidential candidate that can match his competence, achievements, and vision.

“In the course of trying to defend Nigeria’s democracy, Tinubu had to flee the country. Tinubu and others stood their guns to ensure that democracy was rooted in the country.

“How many brave Nigerians could do what Tinubu has done to this country way back in 1993? He sacrificed his time and comfort for the sake of democracy.

“For that alone, he has no equal among the presidential candidates. Take infrastructural development and transformation of Lagos,” the senator said.

Meanwhile, close watchers of politics in the country said Tinubu is not on the same pedestal as the former leaders, who they insist have a good record of integrity and love for their people.

For instance, they point to Azikiwe who spent his entire life promoting national unity; Ahmadu Bello fought for his people to ensure that they were not relegated by other nationalities, while Awolowo promoted free education at all levels during his tenure as the leader of the Western Region, a feat that remained unbeaten by past and present governments in the region.