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After Detecting 50,000 Ghost Workers, Minister Hunts For More, Asks CBN To Assist

KEMI ADEOSUN FINANCE M

Encouraged by the detection of 50,000 ghost workers in the federal government payroll, the Minister of Finance, Kemi Adeosun, is soliciting the cooperation of the Central Bank of Nigeria (CBN), to extend the requirement for Bank Verification Number (BVN) to account holders in Microfinance Banks (MFBs), to facilitate the detection of bank accounts which might have been opened and operated in such banks for ghost workers by fraudulent syndicates.

In a letter to the CBN Governor, Godwin Emefiele, the minister said that the introduction of the Bank Verification Number by the CBN has contributed immensely in improving the integrity of the Federal Government payroll  on which more than 50, 000 ghost workers were detected and removed.

Adeosun said that operating bank accounts in Microfinance Banks without requirement for BVN has left a huge loophole which individuals, intent on financial crimes, could use to hide and launder proceeds of crime and successfully escape detection by law enforcement agencies.

“Our ongoing efforts to verify the integrity of Federal Government  personnel costs and purge the system of fraud and error has made extensive use of the Bank Verification Number as a means of identifying recipients of multiple salaries, and salaries paid into accounts  with names that differ to those held on our payroll records. The success of this effort has to date yielded the removal of over 50,000 payroll entries.”

The Minister emphasized referred the CBN Governor to the discovery that, prior to the deadline for obtaining the BVN, the movement of a large number of salary accounts of Federal employees from commercial banks to Microfinance Banks, was observed.

“This is a suspicious activity and we have already commenced a review of such cases to identify and investigate any cases of fraud.”

Adeosun said that extending the requirement for BVN to Microfinance Banks may put a huge financial strain on the smaller Microfinance Banks, adding: “some MFBs,  such as National Police Force Microfinance (NPF), have over 27,000 salary accounts. Our inability to perform checks on such a large number of salary earners is a key risk.

“I am therefore seeking your co-operation to enforce compliance with BVN on any MFB with over 200 active salary accounts or those above a certain size. This will support the Federal Government’s efforts at reducing leakages to create headroom for the capital projects that will support the growth of the economy.”

It would be recalled that the CBN had in September in 2016 announced its intention to extend the requirement for the extension of the Bank Verification Number to MFBs in the country, but the exercise has yet to take off. [myad]

FCT Minister Takes A Train Ride In Abuja Mass Rail Transit Under Construction

FCT Minister Musa Bello

The Minister of the Federal Capital Territory (FCT), Malam Muhammad Musa Bello, today, Monday, took a train ride today, Monday, from the Abuja Metro Station behind the Abuja World Trade Centre at the Central Business District to the Nnamdi Azikiwe International Airport, Abuja.

The minister, who was on an inspection tour of the site of the on-going Abuja Mass Rail Transit project, confirmed, after the tour, that the project is already 90 percent completed.

The Minister who was accompanied by the FCT Permanent Secretary, Dr. Babatope Ajakaiye and other senior officials of the FCT Administration, said that there are 13 number of railway bridges, 50 culverts, 15 flyover bridges and 9 pedestrian overpasses bridges that are all 100 percent completed.

Muhammad Bello said that the total length of the rail double track that has been laid is 45.245 kilometers, making the entire lot of A1 and A3 to be 100 percent completed.

According to him, out of the total 12 Train Stations under construction, 10 are at advanced stage with painting and installation of mechanical and electrical works currently in progress, while the remaining two are being fast tracked, making the entire Stations to be 85 percent completed.

The Minister said that the locomotive and rolling stock deport is 85 percent completed, while communication as well as signaling are also 85 percent completed respectively.

“The percentage progress of work on the power supply is however 20 percent but adequate progress would be achieved soon.”

The Minister assured that his Administration would work assiduously to complete the project and make it operational as planned.

Muhammad Bello reiterated his commitment of his Administration toward lessening the difficulties currently being experienced by commuters in Abuja.

The Minister, during the inspection tour thus, asked CCECC handling the project to employ qualified Nigerians not Chinese for the management of the Train service, saying that about 1,000 personnel are expected to be employed. [myad]

68,259 Inmates Are In Nigerian Prisons, Controller General Reveals

Prison service boss Jafaru

The Controller General of Nigerian Prison Service, Jaafaru Ahmed has revealed that 68,259 inmates are currently occupying the prisons across the country.

The Controller General, in an interview with the Economic Confidential, said that the Nigerian Prison Service (NPS) has reopened prison farm centres towards self-sufficiency in food production.

“As at March 6, 2017, total inmates population stands at 68,259. Out of this number, 46,351 are awaiting trial persons, and the remaining 21,903 are convicted. In terms of percentage, the convicted is 32 percent, while awaiting trial persons is 68 percent. The figures are not static as they go up and down.”

He said that the Prison Service had commenced the rehabilitation of its various farming centers with the purchase of twenty-two tractors that would lead the service to specialize in food productions enough to feed the inmates and for sale to the general public.

“In 2016 budget we purchased so many farm machineries like tractors and other kinds of implements. We have also dug so many boreholes, fish-farming and the rest of them. These would be used to reposition our farm centers.

“What we intend to do when the budget for 2017 is passed is that we have picked three (3) out of fourteen farm centres. The idea is to make sure that we specialize in different farming processes. Like Kujama, we intend to set it up strictly for the production of maize.

“We want to see the production of maize all year round, not only during the raining season but also during the dry season. We have budgeted some amount of money to sink boreholes for irrigation purposes to ensure the success of these programmes.

“We have picked Lampushi farm center strictly for rice production and the possibility of producing rice during both raining season and dry season. We have also taken Ozalla for the production of palm oil. These are three pilot projects we intend to do this year to see the possibility of whether the prison can actually feed itself.”

Ahmed canvassed for genuine collaboration among the three arms of the criminal justice system to enhance synergy so that the case of anybody brought to prison as awaiting trial will be determined as quickly as possible. [myad]

EFCC’s Charges Against Me Are Spurious, Malicious, Ex Justice Minister, Adoke Protests

Bello Adoke

The immediate past Attorney General of the Federation and Minister of Justice, Mohammed Bello Adoke has written another letter to his successor, Abubakar Malami, protesting the new charges over Malabu oil deal, which the Economic and Financial Crime Commission (EFCC) pressed against him, saying they are spurious and malicious.

Adoke drew the attention of Malami to the subject matter, which he said has continued to engage the attention of the EFCC, “culminating in the filing of spurious and malicious charges against me and other named individuals and companies.”

He accused the EFCC of attempting to impugn the settlement which was done in the national interest, “particularly their penchant to suppress facts relating to the transaction and the filing of criminal charges against me for conspiracy/ aiding the commission of Money Laundering offence and the latest allegations of bribe taking reveal very clearly that either your Office and that of the EFCC are not working in harmony or that something sinister is going on.

“Having given you the benefit of the doubt that you would not sponsor deliberate falsehood against me, my suspicion is that there is an orchestrated plot by the EFCC to: deliberately impugn a transaction that has been scrutinized and approved by at least three past Presidents and three Attorneys General; drag my name in the mud and paint me with the tar of corruption in order to attract public odium.”
The former nation’s chief law officer wanted his successor to tell Nigerians whether he (Adoke) who was in office from 2006 to May 2015, acted in the national interest when they brokered and implemented the Settlement.
“It will also be instructive for Nigerians to know whether your predecessors were carrying out their personal agenda or that their respective actions were carried out with the knowledge and approval of their respective Principals.
“Honourable Attorney General of the Federation, your response is crucial because it has become glaring that the actions of the EFCC in respect of the transaction are not in the national interest; but rather in furtherance of a plot to serve the interests of some powerful families and individuals who are aggrieved by my refusal to accede to their requests to compel Malabu to pay them certain sums from the proceeds of its divestment in OPL 245, and the subsequent re-allocation of the Block to Shell/ENI. You will recall that I had on several occasions asserted this fact. I am therefore surprised that a national institution is being used to further the interest of individuals whose claim or shareholding in Malabu remains shady and prefer to engage proxies to fight their battles.”
The full text of the letter is reproduced here:

6th  March, 2017

Mr. Abubakar Malami, SAN
Honourable Attorney General of the Federation
And Minister of Justice,
Federal Ministry of Justice,
Shehu Shagari Way,
Abuja.

RE: SETTLEMENT OF DISPUTE OVER OWNERSHIP/OPERATION OF OPL 245, BETWEEN THE FEDERAL GOVERNMENT OF NIGERIA,  SHELL NIGERIA ULTRA DEEP  AND MALABU OIL AND GAS LIMITED

May I respectfully present my compliments and once more draw your attention to the above subject matter, which has continued to engage the attention of the Economic and Financial Crimes Commission (EFCC) culminating in the filing of spurious and malicious charges against me and other named individuals and companies.

  1. I am constrained to write you because I had initially sent you a Comprehensive Position Paper that I had prepared as far back as 2013 on the issue when you assumed office. I also indicated my readiness to
    offer further explanations if the need arose. Having not received such request for additional explanation, my understanding was that you and indeed, the FGN were satisfied with the steps taken to implement the Terms of Settlement and finally resolve the lingering dispute over the ownership/operation of OPL 245.
  2. However, recent actions of the Economic and Financial Crimes Commission (EFCC) to impugn the settlement which was done in the national interest particularly their penchant to suppress facts relating to the transaction and the filing of criminal charges against me for conspiracy/ aiding the commission of Money Laundering offence and the latest allegations of bribe taking reveal very clearly that either your Office and that of the EFCC are not working in harmony or that something sinister is going on. Having given you the benefit of the doubt that you would not sponsor deliberate falsehood against me, my suspicion is that there is an orchestrated plot by the EFCC to: deliberately impugn a transaction that has been scrutinized and approved by at least three past Presidents and three Attorneys General; drag my name in the mud and paint me with the tar of corruption in order to attract public odium.
  3. As the Chief Law Officer of the Federation, you have a public duty to speak on this matter so that Nigerians would know whether I acted mala fide or abused my office in the entire transaction leading to the final implementation of the Settlement. Nigerians need to know whether your predecessors in office from 2006 to May 2015 acted in the national interest when they brokered and implemented the Settlement.
    It will also be instructive for Nigerians to know whether your predecessors were carrying out their personal agenda or that their respective actions were carried out with the knowledge and approval of
    their respective Principals.
    5. I believe it is your responsibility to explain to the public who are being sold a fiction that the transaction started from President Olusegun Obasanjo, GCFR under whose administration the Terms of
    Settlement were brokered with Chief Bayo Ojo, SAN, as the then Attorney General who executed the Terms of Settlement before the tenure of President Goodluck Ebele Jonathan, GCFR who approved the final implementation of the Terms of Settlement and my humble self who executed the resolution agreements. This is more so as the Settlement and its implementation were situated in the Federal Ministry of Justice.
  4. Honourable Attorney General of the Federation, your response is crucial because it has become glaring that the actions of the EFCC in respect of the transaction are not in the national interest; but rather in furtherance of a plot to serve the interests of some powerful families and individuals who are aggrieved by my refusal to accede to their requests to compel Malabu to pay them certain sums from the proceeds of its divestment in OPL 245, and the subsequent re-allocation of the Block to Shell/ENI. You will recall that I had on several occasions asserted this fact. I am therefore surprised that a national institution is being used to further the interest of individuals whose claim or shareholding in Malabu remains shady and prefer to engage proxies to fight their battles.
    7. The pertinent questions that must be asked are: Why are these powerful families and individuals reluctant to litigate their dispute in the law courts if they are confident about their legal claims to the Shares of Malabu? Why are they intent on using state actors and institutions for their private benefits? Where were they when Malabu was negotiating with the FGN from 2006 to 2011 when the Settlement was finally implemented? Hon. Attorney General, you will be doing Nigerians a great favour by asking the EFCC, the Abacha Family and other powerful individuals involved to answer these important questions.
  5. I respect the Office of the Attorney General of the Federation and believe that my responsibility towards you as the occupant of that exalted office is to furnish you with information that would assist you in the discharge of your functions. Therefore, please permit me to retrace the history of the Settlement, once more especially as the EFCC have deliberately excluded vital parts of the transaction from the public space and are only content on dishing out deliberate falsehood to the public.
  6. It will be recalled that the Terms of Settlement encapsulating details of the Settlement between the Federal Government of Nigeria (FGN) and Malabu Oil & Gas Limited (Malabu) was executed on 30th November 2006. The Terms of Settlement, which was later, reduced into a Consent Judgment of the Federal High Court; Abuja was brokered by our predecessor in office, Chief Bayo Ojo, SAN and signed on behalf of the Federal Government of Nigeria by the then Honourable Minister of State, for Petroleum Resources, Dr. Edmund Daukoru, during the administration of President Olusegun Obasanjo, GCFR.
  7. When I assumed office on 10th April 2010, I inherited a Consent Judgment, which had undergone the scrutiny of three Presidents and Attorneys General. I was therefore restricted to the implementation of the Settlement as the issue of ownership of OPL 245 had already been resolved in favour of Malabu by the Terms of Settlement dated 30th November 2006 and the Consent Judgment of the FHC, Abuja. I also inherited an on-going Investor/State Arbitration at the International Centre for the Settlement of Investment Dispute (ICSID) in which SNUD had initiated arbitral proceedings against the FGN claiming damages in excess of $2 Billion for taking back OPL 245 re-awarded to them when Malabu’s title was initially revoked by the FGN. SNUD’s claims were also premised on the fact that they had substantially de-risked the Block.
  8. It will be recalled that in furtherance of the Indigenous Exploration Programme Policy introduced by the Federal Government in the early 1990s to encourage effective development of indigenous capability in the upstream sector of the oil industry, Malabu and other indigenous Oil and Gas companies were allocated Oil Blocks which they were expected to develop in partnership with international oil companies as Technical Partners.
  9. Malabu was allocated OPL 245 in April, 1998 and in accordance with the terms of the grant; it appointed SNUD as its Technical Partner. The two companies executed relevant Agreements including a Joint Operation Agreement in 2001. Records indicate that SNUD took 40% participating interests in the venture in a farm-in- agreement and also signed agreement with Malabu as its technical partner for the venture.
  10. Although, Malabu was issued a licence for Block 245 in April 2001, the same licence was subsequently revoked by the Federal Government on 2nd July, 2001. Exxon-Mobil and Shell were invited in April 2002 to bid for OPL 245 despite subsisting contractual agreements between Malabu and SNUD with respect to OPL 245. Malabu was dissatisfied with the revocation and contended that the circumstances leading to the revocation of its licence on Block 245 was less than transparent and smacked of inducement and connivance from SNUD, its technical partner.
  11. Malabu also contended that the subsequent re-award of OPL 245 to SNUD by the Federal Government was done under questionable circumstances. It then petitioned the House of Representatives Committee on Petroleum to look into the matter. It is apposite to note
    that the House of Representatives Committee on Petroleum found no rational basis for the revocation and reprimanded Shell for its complicity. The Committee also directed the Federal Government to withdraw the re-award, it made to Shell and return OPL 245 to Malabu, the original allotee of the Block.
  12. Malabu also instituted Suit No. FHC/ABJ/CS/420/2003, before the Federal High Court (FHC), Abuja to enforce its claim to OPL 245. Although, the suit was struck out by the FHC, Malabu lodged Appeal No. CA/A/99M/2006 before the Court Appeal, Abuja, Division. During the pendency of the Appeal, an amicable settlement was entered into between Malabu and the Federal Government and in compliance with the Terms of Settlement executed by the Parties on the 30th of November 2006, OPL 245 was fully and completely restored to Malabu in consideration for its withdrawal of the Appeal. (Copy of the Terms of Settlement dated 30th November is attached as Annexure ‘A’)
  13. Apparently dissatisfied with the Terms of Settlement between the Federal Government and Malabu, SNUD commenced arbitral proceedings against the decision of the Federal Government to restore/re-allocate OPL 245 to Malabu at the International Centre for the Settlement of Investment Disputes in Washington DC, and made representations to government on the impending arbitration. It is instructive to note that SNUD’s claim before ICSID was in excess of US$ 2 Billion. It also commenced a suit against the Government before the Federal High Court, Abuja. (Copy of SNUD’s Claim before ICSID is attached as Annexure ‘B’)
  14. Although, several meetings were held between the Presidency, Ministry of Petroleum Resources, SNUD and Malabu, to resolve the dispute, no satisfactory outcome was achieved. Attempts were also made in 2007 to resolve the dispute by a Committee comprising the Honourable Minister of State, Petroleum Resources, the Attorney General of the Federation and Minister of Justice, Minister of Energy, Group Managing Director, NNPC and DPR, during the administration of Late President Umaru Musa Yar’Adua GCFR without success.
  15. It is also important to note that SNUD had entered into a Production Sharing Contract with the NNPC in 2003 upon which their claim to OPL 245 was anchored and had paid $1Million US Dollars out of the $210 Million US Dollars signature bonus to the Federal Government, and kept the balance of $209 Million US dollars in an Escrow Account with J.P. Morgan jointly managed by the Federal Government of Nigeria and SNUD pending the resolution of the dispute between Malabu and the Federal Government.
  16. In 2010, when the administration of President Goodluck Ebele Jonathan, GCFR came to office, Malabu again, petitioned the Federal Government to implement the terms of the out-of-court settlement of 30th November 2006 on the basis of which they had discontinued their Appeal. (Copy of Malabu’s Petition is attached as Annexure ‘C’). Government also took cognisance of the pending cases instituted by SNUD against Federal Government of Nigeria (FGN) and/or Malabu, including Bilateral Investment Treaty (BIT) arbitration No. ARB/ 07/18 pending at the International Centre for the Settlement of Investment Disputes (ICSID Arbitration) to enforce SNUD’s rights to exclusively operate Block 245 as Contractor on the basis of the 2003 PSC between NNPC and SNUD and the financial implications of defending these actions on the public purse and opted for amicable resolution of the dispute.
  17. To resolve all the contending claims in a satisfactory and holistic manner, due regard was given to the Terms of Settlement of 30th November 2006 which had been reduced to Orders of the Court, the underlying policy of encouraging the participation of indigenous oil and gas companies in the upstream sector of the oil industry and the fact that Shell had substantially de-risked Block 245. To accommodate all these interests, a Resolution Agreement dated 29th April, 2011 was executed wherein the FGN agreed to resolve all the issues with Malabu in respect of Block 245 amicably and Malabu also agreed that it would settle and waive any and all claims to any interest in OPL 245. (Copy of the Resolution Agreement is attached as Annexure ‘D’).
  18. In furtherance of the Resolution Agreement, SNUD and ENI agreed to pay Malabu through the Federal Government acting as an obligor, the sum of US$ 1,092,040,000 Billion in full and final settlement of any and all claims, interests or rights relating to or in connection with Block 245 and Malabu agreed to settle and waive any and all claims, interests or rights relating to or in connection with Block 245 and also consented to the re-allocation of Block 245 to Nigerian Agip Exploration Limited (NAE) and Shell Nigeria Exploration and Production Company Limited (SNEPCO).
  19. It is therefore quite evident from the foregoing that the role played by the Federal Government, its agencies and officials in relation to Block 245 was essentially that of facilitator of the resolution of a long standing dispute between Malabu and SNUD over the ownership and right to operate Block 245. At all times material to the resolution of the dispute, the Federal Government was not aware of any subsisting third party interest in Malabu’s claim to OPL 245 and neither did any person or company apply to be joined in the negotiations as an interested party.
  20. I wish to reiterate that the resolution of the lingering dispute over Block 245 was in furtherance Government’s demonstrable commitment to attract investment in the oil and gas sector of the economy and encourage genuine investors (local and foreign) by creating the enabling environment for their business to thrive. The Office of the Attorney General superintended over the process to ensure that the implementation was holistic by ensuring:

(a)  that the requisite Presidential Approvals were sought and obtained;

(b) that all the relevant MDAs such the Ministry of Petroleum Resources, Ministry of Finance, the Department of Petroleum Resources (DPR), and the Nigerian National Petroleum Corporation (NNPC) were involved in the resolution and final implementation of the Settlement;

(c) that the relevant Agreements such as OPL 245 Resolution and Re-allocation Agreements were duly executed by line Ministers and Departments;

(d) that the Signature bonus was duly paid to the Federal Government of Nigeria as required by law, and

(e) that disbursements from the escrow account were jointly approved by the Federal Government and SNUD.

  1. In view of the foregoing, I anxiously want to know where I went wrong that I have been singled out by the EFCC for prosecution. I also want to know the effect of section 5 of the Constitution of the Federal Republic of Nigeria, 1999 as amended with respect to the vesting of all the Executive powers of  the Federation in the President to exercise by himself and or through his Ministers and appointees. What is the effect of section 5 of the Constitution on persons who act pursuant to lawful Presidential approvals? This is more so as two out of the three Presidents that had the opportunity to scrutinise this Settlement (Presidents Obasanjo and Jonathan) are alive. Have they disowned the Settlement? Has our predecessor in Office, Chief Bayo Ojo, SAN distanced himself from the Settlement he brokered?; Have the Honourable Ministers of Petroleum Resources and Finance at the time of implementation of the Settlement (Mrs Diezani Allison-Madueke, CON and Dr. Olusegun Aganga, respectively) disowned the Settlement or their signatures? It is my respectful view that Nigerians deserve answers to these questions as it will help them and my humble self to understand the actions and the machinations of the EFCC masquerading to be acting in the national interest while surreptitiously deploying state resources and machinery to promote the personal agenda of their cohorts.
  2. Finally, I wish to use this medium to appeal to the Honourable Attorney General of the Federation to be mindful of his overarching powers over public prosecution and the need to ensure that state institutions do not become persecutors or instruments in the hands of those pursing personal vendetta. The Constitution and the traditions of our noble profession demand your oversight over public prosecution.
    Consequently, if you find that I had breached my Oath of Office or abused my office, please do not hesitate to bring me to justice. However, if it is the contrary, as I strongly believe, that certain individuals who had vowed to even scores with me are now being aided by state institutions such as the EFCC; I deserve protection from these unwarranted attacks and dehumanising treatment that I am being subjected to merely because I chose to serve my fatherland.
  3. Please accept, Honourable Attorney General of the Federation, the assurances of my highest regards and esteem.
  4. MOHAMMED BELLO ADOKE, SAN, CFR. [myad]

Brazilian President Abandons Official Residence In Fear Of Ghosts

Brazil President Temer

Brazilian President, Michel Temer has abandoned his official residence, Alvorada Palace in fear of what he called bad vibes and ghosts.

Brazilian News Weekly reports that Temer surprised many people when he announced that he had left the presidential house. He moved alongside his former beauty queen wife and their seven-year-old son, and relocated down the road to the residence of the vice-president.

The modernist Alvorada, which was designed by Brazilian architect, Oscar Niemeyer, would be a dream home for many. The Palace has a huge pool, football field, chapel, medical centre and vast lawn.

But the 76-year-old Temer, and his 33-year-old wife Marcela, found the cavernous, glass-fronted building dangerous to inhabit.

Temer was quoted by the newspaper as saying: “I felt something strange there. I wasn’t able to sleep right from the first night. The energy wasn’t good.”

According to the newspaper, his wife, Marcela felt the same thing, but only Michelzinho (their son), who went running from one end to the other, liked it.

He added: “We even started to wonder: could there be ghosts?”

Marcela had reportedly brought in a priest to pray and drive out any evil spirits, but to no avail.

The family then moved to the still luxurious but smaller Jaburu Palace nearby.

It would be recalled that Temer moved into the presidential quarters after succeeding Dilma Rousseff, the immediate past president, who was impeached for breaking budget accounting laws. [myad]

Buhari May Well End Up A Hero, By Emmanuel Iriogbe

President Buhari at AU

President Muhammadu Buhari remains the only Nigerian leader that has commanded respect from both the common man (Talakawas) and the elites in the history of Nigeria since independence. He rode on this popularity to clinch the presidency in 2015 having gotten his hands burnt on three previous occasions in his attempts to become the country’s president through the electoral process.

Mother luck smiled on him when the progressives in alliance with the international community made his dream come true. He became president of the most populous black nation on earth and his victory was widely celebrated.

Soon after his ascendency to the throne, it became dogged with controversies with many in the land accusing him of favouritism. His Fulani kinsmen were seen as untouchables as atrocious acts by them in the maiming and killing of innocent Nigerians were ignored him. The economy nosedived leaving it in a parlous state that ultimately led to recession. The blame game of heaping the country’s woes on the past administration festered for a while before Nigerians got fed up with the sing song that it was Jonathan government’s looting of the treasury that sent us into recession.

Now came the sickness, President Buhari became incapacitated due to an undisclosed ailment that made him to be transported out of our shores, his trip oversea was first  transmitted to the Senate as a ten day medical trip but later transmuted to an indefinite sojourn.  Tongues starting wagging, a foreign media started the demonic gist that our dear president died in a London hospital during his medical sojourn. The Nigeria media harped on it, amplified by the social media. Haters or Wailers feasted on it, while supporters or Hailers wanted everyone to discountenance the news of the president’s death.

The president refused to speak to Nigerians but chose to speak to a select dignified few through telephone conversations. Nigerians became more befuddled and asked to hear their President’s voice, but all this to no avail.

His Vice, Yemi Osinbajo acted in his stead this while and the man made giant strides in calming the tension in the land by paying visits to aggrieved zones like the South East where IPOB was in the forefront in the agitation for an independent Biafra nation and the Niger Delta where frayed nerves was calmed over resource control.

Where Buhari failed, Osinbajo succeeded and most Nigerians prayed for an extended vacation for the Commander in Chief. Suddenly, when Nigerians were beginning to feel comfortable with Buhari’s absence, the man appeared.

His coming into the country at 7.45am on Friday, 10 March, 2017, threw a spanner in the wheel of progress as far as Nigerians were concerned. Buhari has not helped to douse the tension in the land by his return with his confessional statement that he is indeed very sick. He won the heart of critics by openly admitting that he has never felt this sick, even in his military days the way he felt and openly confessed that his capable vice, Osinbajo will continue to act in his stead while he takes a deserved rest at the Villa for three weeks before jetting out for further treatment overseas.

Now, the question pundits are asking is; if Buhari felt he was not medically fit to continue in office as the President, why bother to come back home. Some mischief makers are of the opinion that that he came home to stall any impeachment move by the National Assembly who might use constitutional provisions of absence from duty for a period of time to remove him from office.

It is advisable that Muhammadu Buhari learns from history. He must tread on the part of history to be remembered for good by throwing in the towel. It is obvious that due to health challenges, he can no longer continue as the President of Nigeria. History will celebrate him if he takes this heroic decision. Ibrahim Babangida lost it all by refusing to announce MKO Abiola winner of the 1993 presidential election.

Let Buhari not tread the same part of Babangida, because Wailers like me will celebrate him as an icon of democracy if he chooses to resign now and allow his vice, Yemi Osinbajo to continue where he stopped.

Babangida will only be celebrated by a few elites that benefited from his regime in death and ignored by the Talakawas, let Buhari learn from this. [myad]

Currency Speculators In Jitters As CBN Moves To Inject More Dollars

CBN-Office-Abuja
CBN-Office-Abuja

More jitters run in the circle of currency speculators as the Central Bank of Nigeria (CBN) is believed to have concluded arrangement to inject more foreign exchange to ensure liquidity in the interbank FOREX market. The speculators had, in the recent past, taken advantage of the scarcity of foreign exchange.

Confirming the proposed additional foreign exchange injection into the system to newsmen in Lagos over the weekend, the Acting Director, Corporate Communications of the CBN, Mr. Isaac Okorafor said that bank was determined to sustain the provision of liquidity in the foreign exchange market in order to enhance accessibility and affordability for genuine end users.

This was even as he cautioned dealers in foreign exchange not to engage in any unwholesome practice that is detrimental to smooth operations in the market.

Okorafor warned that the CBN would impose heavy sanctions on any organization or official involved in such act.

As at last week, the CBN had intervened in the interbank FOREX market by offering over $1.2 billion for both wholesale and retail interventions. [myad]

Buhari To Osundare: Your Voice of Wisdom’ll Continue To Resonate Through Generations

Osundare

President Muhammadu Buhari has commanded a renowned academic, poet, columnist and dramatist, Professor Niyi Osundare, as he turns 70 for his power of the pen which he said will continued to resonate through generations.

“As you turn 70, I commend the disciplined, forthright and diligent spirit of the erudite scholar, whose written works already span the globe, attracting numerous awards, and whose voice of wisdom will continue to resonate through generations.”

President Buhari, in a statement by his special adviser on media and publicity, Femi Adesina said noted that through courage and the power of the pen, Osundare has contributed immensely to the political history of Nigeria

Joining the literary world to congratulate Osundare at 70, President Buhari described him as a literary icon, adding that the septuagenarian’s sacrifices over the years can only be rewarded with strong democratic institutions that guarantee free and fair elections, and an effective governance that provides security, good health facilities and sound education to its citizenry.

The President prayed that the almighty God will grant Professor Osundare longer life, good health and more wisdom to serve humanity. [myad]

Referee Killed My Team, Arsène Wenger Alleges After 5-1 Loss To Bayern

Arsen Wenger

Arsène Wenger of Arsenal has again blamed the referee for “killing” his team’s 5-1 defeat to Bayern Munich last Tuesday, insisting, however that his team had been “outstanding” match..

Arsenal eased past Lincoln City at the Emirates with a few gears to spare on Saturday afternoon. But rather than styling victory as a return to form, Wenger was adamant his team had simply carried on their fine performance in the midweek thrashing that ended their Champions League campaign.

“We played an outstanding game against Bayern Munich but our game was killed by the referee,” Wenger said, his team having swamped a gallant Lincoln during a second half in which they scored four goals. “I’ve watched this game three times and our game was killed by the referee.

“The first defeat in Bayern I accept, but the last one against Bayern when you are down to 10 men against a team of that quality and you then concede a penalty, it is not a football game anymore. The players didn’t let me down, or themselves or the club. It was an outstanding performance as long as we were 11 versus 11.”

There were words of praise too for Arsenal’s National League opponents at the Emirates who produced an excellent, disciplined display in the opening 40 minutes, but were picked apart as Arsenal began to pass and move with more fluency.

“It was difficult, you could see in the first half they had a very direct game but they had clarity about what they wanted to do and they did that very well. Overall it was important for us not to make a mistake. They had a big crowd behind them as well – they had a chance.”

Lincoln’s likeable, hugely talkative manager, Danny Cowley was left to rue Petr Cech’s fine save from Nathan Arnold in the first half (“that goes in the National League”) but was visibly moved by his team’s achievement in playing at this late stage of the competition.

“We tried to press hard from restarts, we knew we couldn’t press them all game, they’re too good at possession.

“The second half it felt like he’d brought 15 players, it felt like the clock had stopped. That was one hell of a long 45 minutes for us.”

There was support also from Cowley for Wenger at the end of a difficult week. “People criticise Arsène Wenger but anyone who really knows football, you see the way those players move, how they understand space, and that comes from good coaching. Any manager who has stood the test of time as long as Arsenal’s Wenger has deserves complete and utter respect as far as I’m concerned.” [myad]

Return Of President Buhari: Nigerian Christians Jubilate, Intensify Prayers

Buhari recieves Bishops

Christians in Nigeria, under the umbrella of Christian Association of Nigeria (CAN) has expressed happiness over the return to the country of President Muhammdu Buhari after about 50-day medical trip to the United Kingdom, even as it called on members and other Nigerians to sustain prayers for his continuous wellbeing.

The CAN President, Dr Samson Ayokunle, stressed the need for continued prayers for the complete recovery of President Buhari.

Welcoming the President back to the country, Ayokunle, in a statement by his Special Assistant on media and communications, Pastor Adebayo Oladeji said: “CAN rejoices with the family of President Muhammadu Buhari, the government and the whole nation on his return to the country after spending 51 days abroad for medical reasons.

“We will continue praying for his full recovery in order to be able to continue the task of rebuilding the country and most especially, to end the economic recession and its attendant problems.

“We urge him to do everything within his power to strengthen Naira which has been facing unprecedented devaluation since its emergence in order to bring the much awaited relief to the people who have been groaning under the yoke of the economic recession.”

The CAN President commended Buhari for handing over power to his deputy as mandated by the constitution, praising Osinbajo too for living up to the expectation of his principal and the people.

“It is worthy to commend President Buhari for transferring power to the Vice President, Osinbajo whole away to avoid any breach of the constitution as we witnessed in recent history. We also acknowledged the loyalty, commitment and dedication of his deputy who live up to the expectation.”

The CAN leader noted with dismay, the failure of the government at all levels to pay the workers and the pensioners as and when due which has compounded the problem in the polity.

“It is disheartening to note that workers and pensioners are being denied of their inalienable right nation-wide as a result of the poor management of the meager resources at all levels of the government, and it is our prayer that God will help President Buhari and his team to bring the economy out of the wood sooner than later.

“Our prayers, complimenting the efforts of those who are at the helm of the affairs will go a long way in bringing back the golden era with an accelerated speed. Our God who did it in Samaria is still on the throne on our behalf.”

Dr. Ayokunle tasks its members to always remember that praying for those at the helms of the affairs of the country is a divine mandate.

“The Scripture tasks us to be praying ‘for kings and all those in authority, that we may live peaceful and quiet lives in all godliness and holiness. This is good, and pleases God our Savior’ (1 Timothy 2:2-3).

“As Christians, it is a divine mandate to be interceding for our leaders in order for us to enjoy the benefits that our country brings; we must strive to always pray for the people who have been made to rule over us, irrespective of our political and religious differences.” [myad]

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