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Cash Squeeze Hits Banks

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By Tosin Olatokunbo

Commercial banks in the country are facing serious cash squeeze and have resorted to borrowing from the Central Bank of Nigeria, CBN for survival according to reports by CardinalStone Partners, an investment advisor firm based in Lagos.

The liquidity problem that has hit the Deposit Money Bank, DMBs vary but some banks have managed to stay afloat due to their strong income earnings portfolios, analyst say.

For instance, why banks such as Access Bank and Ecobank are said to be experiencing income yields from most areas, it is not so with other banks who have relied on the apex bank to meet their daily customers cash needs since the beginning of the year.

Speaking to the magazine on the issue, Abdul Imoyo, Head Corporate Communications, Access Bank Plc said the Herbert Wigwe led bank has no liquidity problems like other banks. According to him, the bank is expanding into other African markest to show that it has a solid cash level.

The development has led to a surge in inter-bank lending rates as those facing liquidity problems tried to take the advantage of the robust income level of their competitors by borrowing from them, even though the major borrowing were done through the CBN’s Standing Lending Facilities, SLF.

According to a report by financial sector analyst, CardinalStone Partners, the SLF has surged by over 70 per cent since the beginning of the year with no possibility of dipping as the banks are striving to meet customers cash demands and increase their assets in a troubled economic year.

Commercial borrowed N19.64 trillion from the CBN in 2019, indicating a 73 increase from the N11.36 trillion borrowed in 2018, with a half year average of N10 trillion. The figure has climbed tremendously since the last six months according to checks from various regulatory agencies, as DMbs struggle to generate revenue from personal loans, mortgages construction loans and investment securities.

CardinalStone said average monthly standing lending financing jumped by over 70 per cent between January 2021 to May 2021, while combined open market operations, OMO and primary market maturities crashed by 98 per cent.

Meanwhile, analysts expressed view that the liquidity squeeze facing banking sector will affect asset growth in financial year 2021, particularly in a season where the CBN has also increased Loan to Deposit Ratio, LDR to 65 percent, a situation that has limited the abilities of DMBs to earn higher returns from specific investment windows such as round tripping.

In July 2019, the CBN announced an increase in the LDR to 60 per cent, and later raised it to 65 per cent in 2020 with the intention of spurring growth in the real sector of the economy following the COVID 19 headwinds.

Access to credit by the private sector is crucial to the growth and development of the Nigerian economy, according to analysts who have been monitoring CBN’s LDR trajectory.

Also speaking on the issue, Emefiele said what the apex bank is doing is to ensure that the DMBs lend to the real sector from balance sheet in order to support the growth of critical sectors of the economy, such as Agriculture, Micro Small and Medium Enterprises, MSMES and the real estate sect

“Greater emphasis on improving consumer spending and business investment by MSMES is critical to sustainable double-digit growth of the Nigerian economy,” the apex bank Governor said.

Credit expansion has resulted in a significant growth to various sectors from N15.57 trillion to N19.33 trillion between May 2019 and August 2020, an increase of N3.77 trillion.

This growth in credit, according to checks was mainly to manufacturing (N866.27 billion), consumer credit (N527.65 billion), oil & gas (N477.65 billion), agriculture (N287.11 billion) and construction (N270.97 billion).

COAS Appointment: DHQ Assures Top Generals, Yahaya Meets Airforce Chief

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Farouk Yahaya - Major General - New COAS

By James Orji

The Defense Headquarters, DHQ says none of the seniors of the Chief of Army Staff, Major General Farouk Yahaya will be forced to retire from the Nigerian Army, noting that any officer who wants to leave the force as a result of the appointment would not be stopped either from doing so.

Over 30 Majors Generals, reports say were billed to be forcefully retired from the Army in line with the military tradition that senior officers must depart as soon as a junior officer is appointed as COAS.

The new COAS who was appointed by President Muhammadu Buhari following the death of Lt. General Ibrahim Attahiru, in a plane crash in Kaduna, penultimate week, is of the Regular Course 37 of the Nigerian Defence Academy, NDA while at least 30 Majors General of the Regular Course 35 and 36 are still serving in the military. The late COAS, appointed by the president in January this year was of Regular Course 35.

But reacting to the issue in Abuja on Thursday, the Acting Director, Defence Media Operations, Brig.-Gen. Bernard Onyeuko, said the appointment of Major. Gen. Yahaya will not lead to mass retirement in the Army, adding that the Military management has left the decision whether to remain in the Army to the affected Generals.

Onyeuko said “At this point, you are all aware of the appointment of the new Chief of Army Staff, Maj.-Gen. Farouk Yahaya. This has stirred up a lot of rumours in the media about mass retirements in the military.

“I wish to use this medium to dispel such unfounded rumours as retirement is only on a voluntary basis for senior officers who desire to do so. At this point, no retirements has been authorized by the military high command.”

Meanwhile, the COAS has called for collaboration between the Nigerian Army and the Airforce in the fight against insurgency and banditry, when he paid the Chief of Air Staff, CAS Air Marshal Oladayo Amao a courtesy visit on Wednesday.

Yahaya reiterated the need for synergy among members of the Armed Forces of Nigeria in order to tackle all security challenges confronting the nation.

According to a statement by Director of Public Relations and Information Nigerian Air Force, NAF, Air Commodore Edward Gabkwet on Wednesday, Maj.-Gen. Yahaya stated this when he paid a courtesy visit to the CAS at the NAF Headquarters, Abuja.

He said the war against insurgency and armed banditry cannot be won by a single Service but rather, through a synergistic approach where all Services work in unison.

Yahaya said “The earlier we all recognize that no Service can do it alone, the better for us as an Armed Forces and a Nation to surmount the current security challenges.”

He also harped on the importance of air power to the success of the ongoing fight against insurgency, armed banditry and other forms of criminality in the Country.

He said he has always been an advocate of air power employment as a critical requirement of a fighting force having witnessed its formidable influence in various theatres of operations.

OPINION: What is the endgame in Nigeria’s South East?

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Azu Ishiekwene

By Azu Ishiekwene

Nigeria has been struggling with insecurity for over a decade. Against reasonable expectations six years ago when President Muhammadu Buhari was voted in, things have worsened.

Compared with a number of other hotspots around the world in December 2020, however,Nigeria was not even among the three riskiest places.

According to global medical and security specialists, International SOS, Libya, Syria and Afghanistan were the deadliest places to be.The group also projected that these places would retain the record by the end of 2021.

It seemed so. In April, for example, the United Nations reported that in the first quarter of the year in Afghanistan extremist attacks caused close to 1,800 casualties including 573 deaths, a 29 percent increase compared with the same period last year.

Syria, Libya and Yemen, too, are also haunted by a legacy of sectarian violence that appears tohave exhausted the world’s care and attention.

But the picture in Nigeria has changed dramatically in six months. Nigeria, with nearly four times the populations of Syria, Libya and Yemen combined, appears to have joined the race to the bottom.Events since January could force a reassessment of the global insecurity map, with Africa’s most populous country firmly in contention for the bloodiest title.

The Council on Foreign Relations reported that in the last five months of this year, 3,915 persons have been killed in violent attacks across Nigeria mostly in herder-farmer clashes and what, quite frankly, now appears to be killing for sport.The Northern states of Kaduna, Katsina, Kebbi, Niger, Borno, Yobe, Zamfara and Benue have recordedstaggering casualties.

No part of the country has been spared. While a common thread of insecurity runs through, each of the three main regions appears to have its own peculiar franchise: banditry, farmer-herder clashes and kidnapping for ransom in the North; kidnapping and deadly herder-farmer clashes in the South West; and in the South East, random killings and systematic attacks on police stations, personnel and state institutions, including courts and electoral commission offices.

The situation in the South East, also the hotbed of resurgent separatist agitations in the last few years, has deteriorated so sharply that the five states in the region, home to Nigeria’s third largest ethnic nationality, have virtually become a war zone.

Only this week, a former presidential adviser and Northern politician, Ahmed Gulak, who was visiting the East,was murdered in daylight, raising ethnic tensions. The murder has also lengthened the list of unresolved violent murders in a region where at least 127 police and security personnel have been killed this year and extra-judicial killings of innocent civilians have become rampant.

Two states, Imo and Anambra (the most populous states in the region), have witnessed the most brazen and extraordinary assaults by “unknown gunmen”, the latest official description for violent criminals who have overwhelmed the security forces. The dangerous anti-North rhetoric by the Indigenous People of Biafra (IPOB)has inflamed passions and inspired the brutal murders of innocent residents from the North.

Yet, even indigenes have not been spared. One widely circulated and verified video last week showed gunmen in Enugu State dragging a man out of his car in daylight at a road junction in the city centre. They gunned him down with automatic weapons and then casually drove off.

The man whose life was so casually and bestially taken, was a retired judge of the Enugu High Court, Justice Stanley Nnaji. The “unknown gunmen” are still at large and still unknown.

A cross-section of the elite in the region has blamed the rising violence on three major factors: a) the ascendancy of illegitimate politicians installed by hook and crook b) the tone-deafness of Buhari’s administration and his politics of spite and, c) the irresponsible conduct of leaders from the region, who have mismanaged the resourcefulness and energy of the teeming youths.

It’s difficult to say which factor has been the most telling. When the leadership of the political parties, especially the ruling All Progressives Congress (APC), was selling party positions to the highest bidders before the last general elections, most sensible people feared there would be consequences but didn’t know when or how.

The cohorts bought party tickets and wherever they could not buy votes during the election, bullied or suborned their way to office. Now the fruit of their corrupt harvest is keeping the region’s teeth on edge. Also, the boys used as electoral fodder by politicians have not only become men; they have become monsters.

Buhari’s tone-deafness and insensitivity have not helped matters. He has mismanaged the country’s ethnic diversity so badly that however loudly other nationalities may complain, none has been treated as shabbily, unfairly and disdainfully as the Igbo.

It’s been argued in some quarters that theIgbo have no reason to complain because Nigeria gave them extraordinary opportunities before the civil war. That’s nonsense. The Igbo earned what they got before the war on merit and bona fides.After the war, they fought to re-establish themselves by the straps of their own shoes. They are not asking for quota or preferential treatment, but justice and equity.

Yet, whether it’s a minor communal clash, some misguided youths waving theBiafra flag or Nnamdi Kanu sharing his mad fantasy about the so-called Buhari double from Sudan, this government’s response has been fairly standard: it deploys a venom of force and language that suggests that whatever his claim to the contrary, Buhari still holds the Igbo in scorn and suspicion 51 years after the civil war.

Of course, the President insists that he has nothing against Igbos and invokes his government’s infrastructure record as witness. Yet what he does by soft power – like passing over the Igbo man who is the next most qualified general after the death of the former army chief or his recent tweet which evokes unpleasant memories of the civil war – makes it difficult to believe him.

To make matters worse, Buhari does not seem to make a distinction between extremists and their sympathisers on the one hand, and on the other, South Easterners genuinely alarmed and repulsed by the mayhem being unleashed on the region.

The region’s elite have not helped matters. They have preyed on the youth with their politics of opportunismand mismanaged the legacy of enterprise and industry inherited from their past.They have squandered state resources on a scale that defies belief. Perhaps the icon of this madness was former Governor Rochas Okorocha of Imo State, who built a statue to every known god of profligacy.

Nnamdi Kanu has only cynically exploited the catastrophic gaps in the failure of leadership at the national and state levels.

What is the endgame? It depends. For Buhari’s government, it’s obviously to crush and bury opposition and whip the remnant in line. But that would only produce the peace of the graveyard.

For the elite, the endgame is to exploit the violence in the South East to secure a place in the next election cycle. Politicians, being politicians, crisis is the currency of relevance. And they won’t waste this one. The problem is that they can’t be too sure that the flame from the current blaze won’t catch the hem of their pants before they have had time to escape the crime scene.

And IPOB? It’s actually sold on the delusion that the South East can secede with Nnamdi Kanu as president-in-waiting. For the last four years or so, IPOB has been working closely with a fairly well-funded separatist movement in the North West and South West regions of Cameroon which has the ambition of a breakaway Ambazonia.

In April, Foreign Policy reported that Nnamdi Kanu and Ambazonian leader, Cho Ayaba, held a live-streamed joint conference to join forces, an indication that they’re taking themselves seriously.

That’s a clear and present danger, but it would take more than one live-streamed fantasy to secure a separatist homeland. Catalonia is an example of how long it could take; and South Sudan, a nearby example of how to be careful what you wish for.

The current strategy that treats the South East as hostile territory, deploying gross, indiscriminate and heavy-handed force would only lead to further alienation in the region. Nnamdi Kanu’s goal may be to secure a territory, but he won’t get one, because Biafra is not a tangible space – it’s an idea, a heartfelt cry for justice, equity and fairness.

That, quite frankly, should be the endgame.


Ishiekwene is the Editor-in-Chief of LEADERSHIP

Gov. Matawalle Set To Dump PDP, Claims He Is Still Consulting

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By Akinwale Kasali

There are indications that the Peoples Democratic Party, PDP, may soon lose another Governor to the ruling All Progresssives Congress, APC.

Recently, Governor Ben Ayade of Cross River State dumped the PDP for the APC. Governor Dave Umahi of Ebonyi State had earlier dumped the PDP. And now,    pointers are that Governor Bello Matawalle of Zamfara State will soon join the bandwagon.

Governor Matawalle had been nursing the intention to dump the PDP for the APC, but he has been foot- dragging because of the cold relationship between him and the immediate past Governor of the State, Abdulaziz Yari.

Though the Governor had disclosed that he was still making consultations to know the next line of action, it is obvious his heart is in the APC.

Addressing the media on Wednesday  he said: “There is nobody that I told I am moving to any party. But as someone who is well-groomed in politics, I feel it is only fair to intimate my people about overtures towards me and seek their own thoughts and opinions, as I am still Consulting”, he said.

Matawalle, became the Governor of  Zamfara State following the Supreme Court judgement on the internal squabble that rocked the APC primaries in 2019, and left it without candidates for any elective position. The PDP became the unexpected beneficiary of the APC’s wrangling which led to the Supreme Court disqualifying all its candidates.

No doubt, if Matawalle joins the APC, the rift between him and Yari will further escalate, as the battle for who controls the structure of Party becomes a major issue.

Weeks back, a delegation of APC governors led by the party’s caretaker committee Chairman, Governor Mai Mala Buni and the Minsiter  of Justice and Attorney General of the  Federation, Abubakar Malami visited Matawalle at Government House, Gusau, the State Capital, where it was gathered that defection plan was finalized in a close-door meeting.

Daily Trust Newspaper had reported that barring any last minutes change, Matawalle will join APC before the end of this month, quoting one of Matawalle’s allies.

The source also disclosed that the Governor had separately met and briefed members of the State House of Assembly and those of the National Assembly from the state about his planned defection.

“I’m not sure about the date but what I can assure you is that all is set for the defection. He recently met with members of the National Assembly from the state and he has done same with members of the Zamfara State House of Assembly,” he said, pleading not to be named.

“The Governor does not want a repeat of the Cross River State scenario, whereby after the Governor decamped to APC, some of the Commissioners refused to follow him.  His Excellency is going to join the ruling party”, the source said.

It would be recalled that Governor Matawalle had on Monday night dissolved the State Executive Council and sacked all his principal political appointees with immediate effect.

Not a few people think it is a prelude to his defection to enable him accommodate APC members in his new cabinet.

The Secretary to the State Government, the Chief of Staff and the Deputy Chief of Staff were also relieved of their appointments, which is a pointer of what to come next.

If Governor Matawalle finally joins the APC as postulated by political observers, he will become the third PDP Governor after Dave Umahi of Ebonyi State and Ben Ayade of Cross River State.

Ojodu LCDA: Groups Allege Imposition Of Odumbaku’s Son; Mass Protest In Lagos

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Ojudu LCDA Protesters

By Akinwale Kasali

There is crisis in the All Progressives Congress, APC, Lagos State following the May 29th, Local Government Primaries.

The Party enmeshed in crisis  in the State, especially in Ojodu Local Council Development Area.

APC Stalwart, Cardinal Odumbaku’s Son, Segun, is one of the Aspirants, and a strong contender alongside Alhaja Kafayat Funmilayo Layeni, KFL.

During the Primaries, there was disruption in five Wards of the Six Wards in the LCDA, forcing the electoral process not to hold. The Primaries was held only in Ward A, Ogba,Oluwole, where KFL came out victorious with 645 votes as against Odumbaku’s 6 votes. Two voided votes were recorded.

However, the result was allegedly rejected by Lagos State Independent Electoral Commission, LASIEC, through the perceived influence of incumbent Chairman of Ojodu LCDA, Hon. Muyiwa Julius Oloro and Hon. Toke Benson, Special Adviser to Governor Babajide Sanwo-Olu on Housing.

In a video that went viral, Hon. Benson was seen manipulating the Electoral Officials to cancel the Primary election in Ward A due to what she termed disorderliness in the process.

Commissioner for Commerce and Industry, Hon. Lola Akande, was seen addressing the situation, putting a call through to the APC Chairman in the State, countering what Benson said.

Following this development,  the APC leadership in the State still brainstorm on the next line of action. News filtered in among Party faithfuls that LASIEC was about to give the APC form to Segun Odunmbaku. It has  led to a mass protest.

The supporters of KFL took to  the Streets of Ojodu, down to the APC Secretariat at Acme Road, Ogba, with placards and different inscriptions, calling for the will of the people to be respected, and also fighting against the imposition of candidate.

The Group under the aegis of Team Kafayat Funmilayo Layeni, KFL,  stormed the streets in Ojodu to showcase their dissatisfaction over the recent development as regards the alleged Imposition.

A statement by Olalekan Oni, Spokesman for Team KFL, said that it is disheartening that a minority group wants to have an edge over the majority, urging the APC leadership to look into the issue in earnest.

The Group also called out Hon. James Abiodun Faleke, Member, House of Representatives representing Ikeja Federal Constituency for not defending the mandate of KFL

In his words, “It is on record that there was no election in five wards out of six wards in ojodu LCDA and the only ward where election was held was in ward A, oluwole/sogunro/ogba and Alhaja KAFAYAT FUNMILAYO LAYENI (KFL) was the sole winner of the ward A election.

“Going by the above, the TEAM KFL is saying that they are the majority and minority cannot rule over the majority. We are saying that our mandate/ticket should not be given to any other candidate except Alhaja KAFAYAT FUNMILAYO LAYENI (KFL), she’s loved by the majority, the majority wants her as the next Chairman of OJODU LCDA and nothing should change that”, Oni concluded.

In the same vein, another Group, Sogunro Youth Association, SOYA, in Ojodu LCDA, has called on the APC leadership to listen to voice of the masses and let the votes of the constituents count.

SOYA said that it is disheartening, callous, annoying, abuse of their fundamental Human Rights and disenfranchisement for the APC leadership to Impose a Candidate who is of the minority, against an aspirant that is widely accepted and also won her Ward with a high margin.

The Group said in a democratic setting such imposition shouldn’t be tolerated.

It condemned the imposition in its entirety, insisting that the will of the people must be respected regardless of how influential the imposed aspirant his.

In a statement jointly signed by Kehinde Oyebanji, President of SOYA and Rafiu Ponle, the Assistant Youth Leader of Ward A, said the mandate of Alhaja Kafayat Funmilayo Layeni, KFL, must be respected as the chosen and elected aspirant.

“We frown at the alleged Imposition of Segun Odunmbaku as Candidate of the APC in the forthcoming Chairmanship election in Ojodu LCDA. It is a slap on our Face because the will of the people is not respected.

“As stated in today’s protest, it is KFL or nobody because she won the primaries, regardless of what happens in other Wards where Election was disrupted by Hon. Julius Muyiwa Oloro and his accomplice, Hon. Toke Benson. We will not allow our rights and franchise to be tampered upon.

“We trusted Hon. Abiodun James Faleke, the Honourable Member representing Ikeja at the Federal House of Representatives, but he has stand aloof, and hasn’t defended our principal, KFL, which puts us in a fix. We expected Hon. Faleke to stand his grand for the will of the people to be respected. It basically shows there is conspiracy which we won’t accept.

“KFL is the Pearl of our time and we are ready to stand by her regardless of the situation. She is the Chosen and anointed one. She won the election regardless of the situation that led to the disruption of the Primaries in other Wards.

“In her Mandate we stand. It was said that Hon. Oloro went to the Wards and instigated that the Election should be stopped. If the APC leadership appoints a Chairman what is the essence of an election and campaigning when the ultimate is to appoint.

“This is a first tier of government and you are doing this and the National Chairman of APC is alllegedly vying for Presidency. Video evidence shows that there was purported plan to disrupt the election to make way for the Government Advisory Council, GAC – appointed Candidate.

“It is a well known fact that the APC leader in Lagos State in a true Democratic going as far on National Television claiming he doesn’t have a favourite Candidate, lo and behold what would be the basis of picking a winner when there was zero Election in all polling units allegedly.

“It is either there will be a rerun or consensus Candidate”, the statement reads.

On visiting the APC Secretariat on Acme Road to get the reaction of the Party on this development, it claimed that the Party is working tirelessly to address the issue and would get across to the media about its decision.

LASIEC on the other hand, when this news medium visited their office on Birrel Road in Sabo, Yaba, Lagos,  declined talking to the media on the issue.

Buhari’s Civil War Tweet: President Is A Trained Dictator, Feudalist – Adebanjo

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By Akinwale Kasali

The criticisms which followed President Muhammadu Buhari’s  Tweet threatening fire and brimstone are still  under strong even though Twitter had since brought it down.

Pa Ayo Adebanjo, Afenifere Leader, in condemning it, berated President Buhari for making such unguarded statement.

Speaking on Politics Today,  a political programme on Channels Television, Adebanjo took Buhari to the cleaners, describing his statement as unfortunate.

“It’s a very unfortunate statement from a President of a democratic country. I was very sad when I heard it. When I was informed, I thought it couldn’t be but I am not surprised. It is those that voted for Buhari in 2015 that should be amazed. I warned you then that this man is a Dictator. He’s born a feudalist, he’s trained as a dictator, and has no respect for the rule of law.

“The problem against unity and peace in this country is President Buhari. He is not on the same page with us looking for unity and peace in this country. He stated in that statement (i.e. Tweet) that he toured 36 states. Did he tour the 36 states to say that he’s going to oppress them? Did he tour the 36 States to say that there’s going to be a diversion in the rule of law in administration of the country? In the North, the insurgency is so vast, in Kaduna, Zamfara, Sokoto and in Katsina in his own state. He has not arrested or blindfolded the emirs of those places. I received a video where he blindfolded a traditional ruler in Ogoni in a traditional regalia.

“Two standards of ruling in this country by the president that says he loves this country. And each time those who love the country say there’s a solution to these problems, he pretends not to listen. The ones he listens to are the youths of this country who are tired of deceits. Any language he’s using, they are just deceiving themselves. The media should not allow him to change the narrative.

“How can a democratic elected president be talking of teaching his subject who voted him into power a lesson he practiced during a war?… when I say this man has a private agenda and the agenda is to wipe-out those of us who are not Fulani….”

The Socio-political Group’s leader, speaking on the National Assembly’s Constitutional Review, reaffirmed that it is impossible to amend a Constitution that was not made by the people.

“We said this (1999) Constitution is a fraud, Let them dispute that! We said it was not our constitution. That is where we began from.

“When we say we are the people of the Federal Republic, are we Federal? Did we make the Constitution? It was imposed on us by the military. Why should President Buhari find it difficult when we say we should go back to the Constitution of our founding fathers? The Constitution made by Sardauna of Sokoto, Sir Ahmadu Bello, Nnamdi Azikwe, and Chief Obafemi Awolowo. What is the problem there? If he says he doesn’t understand restructuring, I said that is restructuring! But Garba Shehu and Adesina will not address that.

“The groundnorm you can bind us to is the 1963 constitution. Can you deny the fact that it was the military that imposed the 1999 constitution and Abdulsam confirmed it? That is the issue, they should not divert it. Whenever they direct us to the Constitution and to the National Assembly which is a problem by itself and a beneficiary of the false constitution” Adebanjo stated.

Adebanjo has over the years been a strong critic of the Buhari Administration, countering his policies and reforms, which he believes are anti-people.

Botched Attempt To Abduct Private School Pupils In Ondo

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Kidnappers
Kidnappers

By Ayodele Oni

There was a botched attempt by suspected kidnappers to abduct some pupils of a private school in Ondo state early Thursday morning.

Gunmen had hijacked an empty school bus in Oba ile Estate of Akure North Local Government Area of Ondo state, abducting one person who was on duty to convey children to school.

The bus was preparing to go and pick pupils when the attackers struck, causing panic in the residential estate.

The incident occured around 6:45am while the driver and the attendant were moving round to pick the Pupils of Chimola School, situated inside the Estate to their school.

A source in the school explained that the gunmen numbering about eight who were on motorcycles, rounded the vehicle, forcing the driver to stop.

According to the source, the eight men who were armed with guns, cutlass and some other weapons, dragged the driver down from the vehicle and threatened to kill him.

The bus with registration number Lagos LSD 853 FJ with Chimola Schools inscribed on it was reportedly driven away by one of the hijackers while others moved away from the scene on motorcycles.

The eyewitness stated that “the driver and the attendant were about to pick the first student when the incident happened. The gunmen rounded the vehicle and came down with dangerous weapons

“The driver was dragged down from the bus while one of them take the driver’s seat and drove off with the attendant in the bus.

“The whereabouts of the attendant is still unknown but the case has been reported at the Oba ile Police station.

“This is the first time we are experiencing this kind of situation here. It is quite unfortunate.”

The State Police Command could not confirm the incident, as the spokesman said he has not been briefed, but promised to confirm from the Divisional Police Officer in the area.

Revealed: Malami Issues Secret Memo To Buhari To Suspend Constitution

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Muhammadu Buhari

By The Source

President Muhammadu Buhari  is seriously considering the declaration of a state of emergency across the country, Peoples Gazette said citing a secret memo to the president by Abubakar Malami, the Attorney General of the federation and Minister of Justice, to that effect.

Malami has already written lengthy legal advice to the Nigerian president, urging him to move swiftly to suspend the fundamental rights of all Nigerians as guaranteed under Chapter IV of the Constitution.

In the eight-page secret memo dated May 4, 2021, Mr Malami told Mr Buhari that insecurity across Nigeria has reached a level that could no longer be checked by existing democratic techniques, saying only a state of emergency promulgated by the president can help return the country to tranquillity.

“The essence of declaration is to allow for suspension of constitutional and legal bureaucratic bottlenecks pertaining to matters of National Security with particular regards to fundamental rights guaranteed under Chapter IV of the 1999 Constitution and processes and procedures relating to procurements, among others,” the attorney-general said.

The AGF said the president should issue instruments of emergency and publish them in the federal gazette. Senate President Ahmed Lawan and Speaker Femi Gbajabiamila will be informed about the decision ahead of implementation.

“To douse probable legal tension, it is important for the proclamation instrument of the statement of emergency to expressly provide for the suspension of Chapter IV of the 1999 Constitution and its attendant enforcement rules,” Mr Malami wrote.

“The suspension of rights pertaining to matters of national security will then give legal backing for the proclamation of the statement of emergency to be operational and effective without litigious or judicial distractions.”

In the early pages of the document, Mr Malami cited widespread acts of insecurity and blamed prominent separatist agitators like Sunday Igboho and Nnamdi Kanu for fueling the protracted crisis that has enveloped the country and aggravated the social and economic conditions of Nigerians.

The memo was endorsed to the president by National Security Adviser Babagana Monguno and administration officials are divided on how to proceed with the advice, a cording to presidency sources.

Abubakar Malami
Malami: Advised Buhari To Suspend Constitution

“Clearly, different factions of our government have different positions on this alarming proposal,” a presidency official told The Gazette. “But everyone agrees that the AGF holds powerful sway over the president and it would be a miracle if the Constitution is not suspended as he recommended.”

Another official also within the presidency, who confirmed hearing about the memo but had not seen it before they were reached by The Gazette, said Mr Buhari might have little resistance considering the potency of Mr Malami’s argument.

“The president is just saying they should act in the best interest of the country,” the official said. “Even as the president, he seemed to have given up on his own ability to get the AGF to back down.”

Constitution suspended

Multiple constitutional scholars and practitioners who analysed the memo for The Gazette said it was essentially a suspension of the Nigerian Constitution and declaration of martial law since Chapter IV dealt with fundamental human rights absence of which there cannot be a democratic system.

The analysts acknowledged the powers of the president to issue a state of emergency under Section 305 of the Constitution but said the powers are not absolute and do not include outright suspension of Chapter IV. While Section 305 said the president can declare a national emergency to curb criminalities, it did not expressly permit suspension of Chapter IV, which analysts described as the most important section of the Constitution.

The right to life and other crucial rights of modern society will be suspended under Mr Malami’s proposal.

The attorney-general appeared to lay the groundwork for the controversial plan when he decried on Tuesday that Mr Buhari’s respect for human rights was largely responsible for the administration’s seeming incompetence at tackling widespread carnage and lawlessness.

Under siege

Malami and presidential spokesman Garba Shehu did not return The Gazette’s requests for comments about the proposal.

Buhari has been conflicted over widespread chaos that threatens to define his eight-year leadership as a democratically-elected leader. His administration is the fourth since Nigeria returned to democracy in 1999 following years of military dictatorship.

Whereas he touted his military bona fides as a plus for his fitness for a nation beset by insecurity, the country has seen no changes in security challenges under Mr Buhari. Since 2015, thousands of Nigerians have been killed by armed bandits, killer herdsmen, kidnappers and even security agents. Millions of citizens are already racked by economic hardships which analysts blamed on the administration’s rudderless policies.

In his argument, Mr Malami alerted the president to the dangers of allowing the situation to go on unchecked, saying it would wreak even more devastating chaos compared to the current level of disorder.

But the prevailing state of security in Nigeria can be addressed under the existing constitutional framework, legal analyst Abdul Mahmud told The Gazette on Wednesday evening.

“The AGF’s position is nonsensical,” Mr Mahmud said. “They have their own sinister agenda and are trying to come under suspension of the Constitution to actualise it.”

Mr Mahmud said he was incensed by Mr Malami’s suggestion to the president, saying it was unbefitting of his position as attorney-general.

“If the attorney-general who ought to be the chief protector of our Constitution is suggesting the need to suspend Chapter IV of the Constitution, then it is clearly an attempt to plunge the country into further crisis,” he said.

“There’s no part of the Constitution, including Section 305, that contemplated the suspension of Chapter IV, which essentially is the suspension of the Constitution itself,” the legal expert said.

(Peoples Gazette)

First Bank Denies Closure of Branches

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By Tosin Olatokunbo

First Bank Nigeria, FBN has denied any plan to close down all its branches in Nigeria’s South East due to security concerns. The first generation commercial bank in the country has over 65 branches in the zone, but recent reports suggest the intention of the Kazeem Adeduntan-led management to shut down those branches.

But in a terse statement on Wednesday, signed by Folake Ani-Mumuney Group Head, Marketing & Corporate Communications and made available to the magazine, the Deposit Money Bank, DMB denied nursing such plans.

“The bank said “This is to inform the public that our South East branches are fully open for business. Please disregard any news making the rounds that is contrary to this.”

With over 750 business locations and over 100,000 Banking Agents spread across 99% of the 774 Local Government Areas in Nigeria, FirstBank provides a comprehensive range of retail and corporate financial services to serve its over 30 million customers.

The Bank has international presence through its subsidiaries, FBN Bank (UK) Limited in London and Paris, FBNBank in the Republic of Congo, Ghana, The Gambia, Guinea, Sierra-Leone and Senegal, as well as a Representative Office in Beijing

How Police Foiled Attempts to kidnap Catholic Bishop In Zaria

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Kidnappers Arrested in Zaria

The Nigeria Police Force has revealed how its quick and preemptive action scuttled the Kidnapping of a Catholic Bishop in Zaria.

According to a release by the Force Headquarters, signed by its Spokesman, CP Frank Mba, the plan for the high profile kidnap  was already at an advanced stage when  the Police pounced  on them, and thus aborted it.

Mba, also, disclosed how, within a space of one month, 84 hardened criminals were swooped on, and arrested, while large quantities of weapons were, also, recovered from them.

Following is the text of Mba’s Press Release.

“Following the ongoing implementation of a robust security action plan to protect citizens and critical national infrastructure across the country, operatives of the Nigeria Police Force, have arrested a total of eighty-four (84) notorious criminal suspects within the past one month.

“A total of forty-five (45) sophisticated firearms and ammunition including 1-GPMG, 1-LAR rifle, 17-AK47 rifles, 2-Pump Action rifles, 20– locally fabricated firearms, 3-single barrel guns, 9899– live ammunition of different calibres, 80-fake vehicle number plates, 1– Toyota Camry with Reg. No. AA 792 HJA and 1-Toyota Corolla LE with Reg. No. QAP 622 AA, were recovered from the suspects in the operations.

“The suspects were arrested for their involvement in series of violent crimes including terrorism, banditry, kidnap for ransom, possession and proliferation of illegal weapons, armed robbery, unlawful production of vehicle number plates etc.

“While many of the suspects were arrested in follow-up on cases of violent crimes under investigations, many others were arrested after being subdued following gun duel with the police who took the battle to the doorsteps of the criminals.

“Notably amongst the cases is the arrest of four (4) members of a notorious criminal gang responsible for carrying out some of the high-profile kidnap for ransom operations in the Federal Capital Territory (FCT), Kaduna, Niger, Katsina, Bauchi, and Plateau States.

“The suspects are Umar Abdullahi ‘m’ 40yrs of kali Kura village, Giwa LGA, Kaduna State, Yusuf Tanimu ‘m’ 23yrs of Kurena, Zaria, Kaduna State, Mamuda Suleiman ‘m’ 40yrs of Barkin ladi, Plateau State and Abubakar Yaro ‘m’ 38yrs from Wase village, Plateau State. Investigations revealed that the gang are linked to series of kidnap for ransom crimes including the kidnapping of some senior staff of the Ahmadu Bello University, Zaria, family members of notable political appointees and business entrepreneurs in Kaduna State and other contiguous State.

“Investigations revealed that the suspects were at an advanced stage of operationalizing their plans to kidnap a Catholic Bishop in Zaria, when they were apprehended. Investigations further revealed that the gang, in addition to their kidnapping enterprise, also supply arms and ammunition to Bandits at Birnin Gwarri, kaduna State, Niger, Katsina and Zamfara States.  One (1) General Purpose Machine Gun (GPMG), two (2) AK47 rifles, six thousand, five hundred and nine (6,509) live ammunition were recovered from the syndicate during the operation.

“Similarly, the Police team arrested a 7-man criminal syndicate that specializes in the manufacturing and supplies of locally fabricated AK-47 rifles and ammunition to bandits in forests along the Kaduna-Abuja expressway and funtua – kankara expressway in Katisina State. The suspects are; Dung Michael ‘m’ 26yrs, Dung James ‘m’ 29yrs, Bulus Iliya ‘m’ 25yrs, Markus Danladi ‘m’ 25yrs, Danjuma Dachu ‘m’ 25yrs all from Jos South and Samaila Abdullahi ‘m’ 45yrs from Toro in Bauchi State, Maek Danladi ‘m’ 30yrs from Chukum, Kaduna State. In a similar vein, one Abubakar Mohammed a.k.a Mallam Buzu from Mali who is a transnational gun-runner was arrested by the Police team in Tsamiya, a border town between Benin Republic and Nigeria. He was arrested with a GPMG ammunition chain drive with holding capacity of 1,600 rounds of ammunition.

“In addition, three (3) suspects responsible for production of fake vehicle number plates including replica of number plates of government, diplomatic and security agencies were arrested. Investigations revealed that the suspects supply the number plates to criminal elements who use same to beat security checks during their operations. A total of eighty (80) fake number plates were recovered from the gang.

“The Inspector General of Police, Ag. IGP Usman Alkali Baba, psc (+), NPM, fdc, while affirming that the kinetic and non-kinetic approaches targeted at re-ordering security in the country are already yielding positive results, reassures citizens of the renewed commitment of the Force to the fight against crimes and criminality. He calls for sustained support for the Police and the security community as efforts are intensified to enhance public safety, peace and security.

“All the suspects will be charged to court on completion of investigations.”