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Media In Politics: Tinubu Example By Abiodun Komolafe

File photo: This picture is used for the illustration of the story

The marriage or inclusion of the media in politics is inevitable. The only credible institutional link between the government and the people, other social institutions and the masses is so interwoven with the reality of the society that, when Bola Ahmed Tinubu started his own media outfits, he had already known what he wanted before setting out for it. It’s not just for self but for the sake of legacy. Tinubu never attempted to discourage deferring opinions. Thus, the future 16th president of Nigeria started out with credible and tested personalities in the media business. He harvested a list of the best in the field and was willing to play by the rules, the first of which was _‘there shall be no compromise’,_ because compromise might end up being the ruination of the entire buildup. Of course, once society recognizes that simple-but-important attribute of compromise, it takes whatever one says with a pinch of salt; and credibility, which is the bone of the entire project, runs out.
Talking about funding, Tinubu realized early in life that media as a project was a long-term investment, not one haphazard approach in structure or texture. In fairness to posterity, he has sufficient money and he was willing to spend it, long-term. Is it any wonder that his media outfits are still out there, _‘gidigba’,_ like the rock of Gibraltar?
On Research and Development, no matter whose ox is gored, Tinubu’s media outfits are ready to research anything without minding the outcome; and the resources to execute such a project is never in short supply. This explains his media relevance in the scheme of things in the Nigerian society, today, tomorrow and years to come.
As a democrat, Tinubu has never attempted to muscle the opponents out. The facts are out there for all to see. His Editorial Board at The Nation newspaper is perhaps the freest in Nigeria. Whatever sympathy each member of the Board expresses belongs to him or her. In other words, no one can claim that those expressions or desires belong to its promoter.
Tinubu is never afraid of other ideas blossoming; and this is key! As a matter of fact, the _‘Jagaban of Borgu Kingdom’,_ now our president, enjoys that aspect of human relations. As we know, when one is afraid that other ideas will fly, panic mode sets in. Competitive ideas make Tinubu dig deeper, to look for the best in the industry so as to have the best ideas in a particular area. And, once money can purchase it, and that thing is relevant to his cause, one can rest assured that he will surely have it, unless it’s no longer relevant to him. Irrespective of other sentiments, these attributes are responsible for the solid media establishment that he has. Anyone who wants to emulate him will have to understudy his organizational prowess and management style before venturing into it. Instead of attacking him, or his media team, please understudy the man!
It’s unfortunate that some Nigerians are wasting their time attacking Tinubu, because, even if they succeed at the end of the day – and that’s a big ‘if’- what do they stand to gain? Some people said the Asiwaju of Lagos never went to school. Now, they have changed gear; they are saying his academic records are not straight. If we may ask, whose fault is that? If his records are not straight as they are claiming, why not press charges against the institution that has in any case never said that the president was never one of its students? Anyway, that’s the sad side of a society that is as complex as ours! Obviously, that’s why the opposition’s obsession is on the president.
For a media team to be successful, the outlook must never be parochial, sectional or regional; or show religious inclinations – as in the case of Nigeria. Once these are avoided, the sky is the limit for such a media team. It is important to note that there’s no Nigerian tribe that has no representation in Tinubu’s media team. If it were to be only a Yoruba project, there would have been serious troubles; and were the Igbos to have dominated it, it would have shown a bend. The Northerners are also represented, but certainly not in a frightening manner. Of course, these are the things to watch out for in a media team so that when the battle kick-starts, it will be on a plain ground.
In the calibration and composition of media content, humanity must never be left out. Granted the media setup must have been directed at a goal, a purpose, yet one cannot rub it off the essence of humanity which is the focus. Even when not in government, Tinubu Media Office was stronger, better funded and more alive to its responsibilities than most of the state governments’ and public-funded media establishments. Have we asked why his media outfits – TVC and others – became targets of attack during _#EnSARS?_
Over the years, the media has reinvented – and, it’s still reinventing – itself. The backstage era of Babatunde Jose has long taken a detour. Modern times are here. The standard has changed. Professionalism has also increased. But the cost of production has also gone up vis-à-vis poverty and corruption. Likewise, divergence of interests in the Nigerian society has taken its toll on the integrity of the media profile and public space. Therefore, understanding the roles of the media in Nigeria must take into recognition the diverse factors earlier mentioned. The fear of the publishers to publish is sometimes regarded as wisdom. In a non-conducive atmosphere, the expected profit margin of the news media is crucial and should weigh-in higher on the decision to publish. If society is no longer appreciative of a publication, why publish?
Expectedly, the media establishment, in whatever form it is, must be ready to come under attacks and criticisms. Of course, that’s why it cannot afford to lose its guard but must remain a veritable warehouse where news is scrutinized. Also, the state and society must never lose confidence in the media; otherwise, society goes to the dogs. Attitudinal disposition of the media operatives must always be in check; and this is not just about money but also the contents and ideas espoused by the individual. Globally, social dynamics is in so much flux that ideology can no longer be easily formulated or tested for validity.
According to Peter Drucker, _“leadership is lifting a person’s vision to high sights, the raising of a person’s performance to a higher standard, the building of a personality beyond its normal limitations.”_ The Bola Tinubus of this world have done their best. They have shown that _“opportunity dances with those who are already on the dance floor”._ They have also demonstrated how _“ideas”_ could be _”great arrows”,_ how to get _“a bow”;_ and how _“politics”_ could be _“the bow of idealism.”_ So, let society collaborate by being active in its civic responsibilities of cross-checking news and validating the same. Absence, inaccurate and/or inadequate dissemination of real facts will surely give room for fake news to blossom, forcing a media team into damage control occupation. That’s what keeps the media on its toes and keeps it from going rogue.
May the Lamb of God, who takes away the sin of the world, grant us peace in Nigeria!
_•KOMOLAFE writes in from Ijebu-Jesa, Osun State, Nigeria (ijebujesa@yahoo.co.uk; 08098614418 – SMS only)

What I Discovered About Tinubu’s Degree At Chicago State University, By Farooq Kperogi


I’m no fan of President Bola Ahmed Tinubu. Anyone who has followed my writing in the last few years will attest that I rank in the top three severest critics of his person, record, and politics.
But I’d be remiss in my self-imposed lifetime commitment to pursue the truth irrespective of where it leads me and expose falsehood irrespective of the consequences if I ignore the renewed, systematic dissemination of easily refutable lies about Tinubu not having graduated from Chicago State University (CSU).
Tinubu undeniably has many skeletons in his closet, but Chicago State University isn’t one of them. There is no question that the man who is known today as President Bola Ahmed Tinubu attended CSU for two years and graduated from it in 1979.
His study at CSU—a four-year, state-funded, historically Black university—was shortened because he transferred two years’ worth of college credit from Richard J. Daley College, a community college (equivalent to a diploma-awarding institution in Nigeria) in Chicago, which started life as William J. Bogan Junior College in 1960, got renamed Southwest College in 1970, and got renamed yet again as Richard J. Daley College in 1976.
That Tinubu graduated from CSU has never been in dispute. It was his claim to have attended or graduated from the elite, highly-ranked, privately owned University of Chicago that was a lie, but he later took back this claim and blamed it on an unintentional error by Senator Tokunbo Afikuyomi.
Read Also Chicago State University Deleted 1979 Yearbook From Its Website To Protect Tinubu? – Fact Emerge
In June 2022, when fresh, widely shared, and obviously politically inspired doubts were raised about the authenticity of Tinubu’s graduation from CSU, I took advantage of my being a professor here in the US and reached out to friends and colleagues at the school to help me verify this information.
A friend, who is a professor of English at the university, went to the registrar’s office and confirmed that Tinubu indeed attended and graduated from CSU. “Please be advised that Bola A Tinubu attended Chicago State University from August 1977 [to] June 1979. He was awarded a Bachelor of Science degree in Business Administration with Honors on June 22, 1979. His major was accounting,” a statement from the office of the Registrar of the university read.
I shared this finding in a June 27, 2022, article titled “A Bola Tinubu Graduated From Chicago State University,” which several news outlets and blogs picked up. I wrote that “A Bola A. Tinubu” had graduated from CSU because I hadn’t conclusively authenticated the identity of the person and didn’t want to make any evidence-free association of the name with then-presidential candidate Bola Ahmed Tinubu.
But as I pointed out in a later column titled “Lies and Truth About Obi, Atiku, and Tinubu,” I can now confidently establish that the Bola A. Tinubu who graduated from CSU in 1979 is the same Bola A. Tinubu who is president of Nigeria today. I know this because the yearbook photo of the 1979 CSU cohort features the headshot of an unmistakably younger Tinubu, even though his last name was misspelt as “THUBV.” I’ll come back to this point shortly.
In the past few days, a seemingly coordinated misinformation campaign has been relaunched to resuscitate the lie that Tinubu didn’t graduate from CSU. The rehabilitation of the lie is being constructed on a hexad of appealing but ultimately self-contradictory inaccuracies and innuendos.
The first is that a search of Bola A. Tinubu in the archive of U.S. college graduation records yields zero matches. Well, that’s because Tinubu’s last name was misspelt as “THUBV” in his final graduation record. But a search of “Bola A. THUBV” (which one Engr. Stanley with the Twitter handle @Engr_Stanley_EC did) turns up the record of a male who graduated from CSU with a degree in Business Administration (and a concentration in accounting).
Non-Western names are always liable to be misspelled here. I know because I’ve suffered this multiple times. Apparently, Tinubu wrote his name in longhand, as was the practice then, and whoever was responsible for entering the final records couldn’t correctly make out Tinubu’s handwriting. It’s easy to see how handwritten “I” and “N” can be mistaken for “H” and how “U” can be mistaken for “V.”
Of course, it’s reasonable to assume that Tinubu complained, and a correction was later issued for his degree certificate, but it was too late for the information that was sent to the National Student Clearinghouse.
The second trigger for the rehabilitation of the lie is a putative July 8, 2011, FBI letter to the EFCC, which allegedly concluded that its search of Bola “Tinubo” in Chicago State University’s records showed that no such person ever enrolled at the school.

Well, duh (as Americans would say to signal that something is self-evidently obvious), no “Bola Tinubo” exists anywhere in the world. Had the FBI searched for “Bola A. Tinubu” at CSU’s registrar’s office, it would have found out that a person with that name graduated from the school in 1979.
The third lifeline for the revival of the falsehood is that a transcript oddly dated “0/76” from Southwest College belonged to a female. As I pointed out earlier, Richard J. Daley College used to be called Southwest College until late 1976. So, when Tinubu first enrolled at the school in 1975, it was called Southwest College, but by the time he graduated from it in 1977, it had been renamed Richard J. Daley College.
There are several red flags with the transcript, the boldest being the numbering scheme of the social security number shown in it. The nine-digit U.S. social security number is divided into a three-digit area number, a two-digit group number, and a four-digit serial number. It has always been that way.
But the social security number in the Southwest College transcript supposedly belonging to a female Bola A Tinubu is 231-060-595. That’s an impossible numbering scheme for a US social security number. Plus, the transcript isn’t properly dated and leaves the spaces for date of birth and record of high school blank. These are no trivial red flags of inauthenticity.
The fourth reason some people have infused a new life to the lie that Tinubu didn’t graduate from CSU is that the university locked its Twitter account in response to unremittingly vitriolic denunciations from some Nigerians. They say that indicates that the school is guilty of issuing a fake degree to Tinubu. That’s tortured logic. People and organisations routinely lock their Twitter accounts when they are subjected to an unceasing torrent of caustic online abuse.
In April, a TIME magazine reporter by the name of Astha Rajvanshi, who wrote a profile on Tinubu after he made it to the magazine’s 100 most influential people in the world, was forced to lock her Twitter account after political fanatics relentlessly cursed, defamed, and threatened her for doing her job.
CSU is obviously unaccustomed to the quantum of negative attention it’s receiving from a group of Nigerians who are still smarting from the outcome of the last presidential election. It obviously wants to stop it.
The fifth impetus for the revival of the lie that Tinubu couldn’t have graduated from CSU is that Tinubu withdrew claims that he attended primary and secondary schools in Nigeria, which means he didn’t possess the qualifications to be admitted to a U.S. higher education institution.
Well, it’s entirely possible to earn a degree in America without ever attending a secondary school. There’s something called the General Educational Development test (or GED) for people who didn’t earn a high diploma before the age of 18. A close American friend and colleague of mine by the name of Matt Duffy didn’t have a high school diploma. He had a GED, but he ended up getting a Ph.D.
I am not saying that was what happened with Tinubu. I don’t have the facts to make that claim. But it’s reasonable to assume that since it’s widely speculated that Tinubu changed the identity he had at birth, he disclaimed all associations with the schools he attended in his actual hometown in Osun and took a GED test in Chicago. In any case, most community colleges (and non-flagship state schools) have open enrollment policies, which means just about anybody can get into them.
Finally, the fact that Tinubu doesn’t want CSU to release his academic record— and the fact that the university has spurned requests to release his records— is being held up as an indication that he had no academic record there and that Tinubu and CSU are acting in cahoots to cover up a crime.
Well, there’s something called the Family Educational Rights and Privacy Act (FERPA), which forbids all universities and colleges in the United States from disclosing the academic records of a student to a third party. Every year, I (and all university employees who handle students’ grades here) have to undergo training on how not to disclose students’ records to third parties, including parents, without students’ written permission.
Schools can only confirm directory information, such as whether or not a student graduated from a school, which CSU has done repeatedly. And why would Tinubu accede in writing to his academic records being released to political opponents? Most people won’t, even if it’s just for the pleasure of seeing their opponents squirm in anger and frustration.

President Tinubu Sacks NASENI Boss, Dr. Bashir Gwandu 

President Bola Tinubu has terminated the appointment of the Executive Vice Chairman and Chief Executive Officer of the National Agency for Science and Engineering Infrastructure (NASENI), Dr. Bashir Gwandu.
In a statement today, September 1, the Presidential spokesman, Ajuri Ngelale did not give reason for the sack, but said: “the tenure of Dr. Bashir Gwandu as EVC/CEO of NASENI is hereby terminated.”
The statement said that Khalil Suleiman Halilu has been appointed to replace Dr. Bashir Gwandu with immediate effect.
“By this appointment, Khalil Suleiman Halilu will serve for an initial term of five years in accordance with the relevant sections of the NASENI Act, 2014.
“Mr. Halilu, 32, is expected to bring his significant experience as an innovator and technology expert to bear in this important new national assignment.”

How Federal, States, Local Govts Share N4.37 Trillion From January To June – NEITI

The three Nigerian tiers of government: the Federal, States and Local Government Councils, have shared a total of N4.37 trillion from the Federation Account as statutory revenue allocations between January and June 2023, according to the latest report by the Nigeria Extractive Industries Transparency Initiative (NEITI) on the Federation Account revenue allocations for the first half of the year.
The Executive Secretary of NEITI, Dr. Orji Ogbonnanya Orji, who announced the report in Abuja, said that total distributable FAAC allocations to the three tiers of government in the first and second quarters (Q2) of 2023 stood at N2.32 trillion and N2.04 trillion respectively.
The NEITI quarterly review revealed that inflows into the Federation Account in Q2 of 2023 declined by 23 per cent, affecting the distributable revenue which fell by 12 per cent when compared with the total revenue disbursed in the first quarter.
“Each tier of government received more than N1 trillion over the six-month period.”
According to the report, a breakdown of the revenue receipts showed that the federal government received about N1.78 trillion, or 40.7 per cent, while the State governments received N1.5 trillion, or 34.5 per cent.
The report said that the Local government councils received N1.08 trillion or 24.8 per cent of the total distributable revenue for the period.
It said that a comparative analysis of the total allocations on a year-on-year basis in the corresponding quarters of 2022 and 2023 showed that the distributable revenue of N4.366 trillion shared was higher by 16.7 per cent from about N4.05 trillion shared  in 2022.
It said that the allocation received by the federal government over the period under review increased by 19.8 per cent to N1.78 trillion in 2023, from the N1.48 trillion in the corresponding period in 2022.
The report said that allocations to the State governments grew by about 11.2 per cent to N1.42 trillion in 2023 from N1.26 trillion in 2022, while allocations to the LGs rose by 16.8 per cent to N1.08 trillion in 2023, from N926 billion in 2022.
The increase in half-yearly allocations in 2023 was consistent with an upward trend from the previous period where the distributable revenue for the first half of the year rose by 16.7 per cent, from N3.47 trillion between January and June 2021 to N4.05 trillion in the corresponding period in 2022.
Also , allocations to the federal, states and LGs increased across board by 8.8 per cent 26.5 per cent and 14.2 per cent respectively.
However, compared to the same period in 2022, it said the report showed that FAAC distribution in Q2 declined in absolute value with total distributable revenue of N2.02 trillion being less by 13 per cent than about N2.16 trillion distributed in the second quarter of 2022.
It said that further analysis of the disbursements to the states showed that Delta state received the highest allocation of N102.79 billion in the second quarter of 2023, followed by Akwa Ibom’s N70.01 billion, Rivers N69.73 billion, Lagos N60.64 billion and Bayelsa N56.34 billion.
It said that the total disbursements to the five states (N359.5 billion), or 35.9 per cent of the total FAAC allocations, was more than the total allocations to the next 15 states (N349.3 billion).
It said that the cumulative allocation to the five states is also more than the share of allocation to 19 other states put together, adding that the bottom 10 states received 17.3 per cent of the revenue shared in the second quarter of 2023.
According to the report, Nasarawa, Ebonyi, Ekiti, Gombe and Taraba states received the lowest allocations of N16.71 billion, N16.84 billion, N16.95 billion, N17.22 billion and N17.45 billion respectively.
It said that four of the five states with the highest allocations, except Lagos, received a significant share of 13 per cent derivation revenue allocated to oil-producing states.
It said that the total disbursements to these five states (N359.5 billion), or 35.9 per cent of the total FAAC allocations, was more than the total allocations to the next 15 states (N349.3 billion), while the cumulative allocation to the five states was also more than the share of allocation to 19 other states.
It added that the bottom 10 states received 17.3 per cent of the revenue shared in the second quarter of 2023.
It stated that the bulk of the revenues to the federation account came from remittances from the three main revenue-generating agencies.
It listed them as the Nigeria Upstream Petroleum Regulatory Commission, the Federal Inland Revenue Service (FIRS) and the Nigeria Customs Service (NCS).
It explained that these revenues came through earnings from the different revenue streams, including oil and gas royalties, petroleum profit tax, company income tax, value added tax and import and excise duties.
“Also, revenue remittances of about N1.84 trillion in Q2 2023 came from mineral and non-mineral sources, comprising of N809 billion, or 44 per cent from mineral revenue (mostly oil and gas) and N1.03 trillion, or 56 per cent  from non-mineral sources.
The report revealed a huge gap between revenue disbursements from the oil and gas and solid minerals sectors, pointing out that this was a reflection of the perennial underperformance of the latter over the years.
“In terms of debt service obligations and the impacts on states’ net allocations, the report showed that Lagos topped the list of 36 states with a total deduction of N9.03 billion in the second quarter of 2023, followed by Delta (N6.76 billion), Ogun (N6.10 billion), Kaduna (N5.63 billion), Osun (N5.60 billion and Imo (N5.51 billion).
“Jigawa, Anambra, Nassarawa, Kebbi and Enugu States had the lowest deductions of N1.16 billion, N1.29 billion, N1.45 billion, N1.51 billion and N1.88 billion respectively.
“The nine oil-producing states, according to the report, namely Abia, Akwa Ibom, Anambra, Bayelsa, Delta, Edo, Imo, Ondo and Rivers states received allocations relative to their share of the oil and gas as well as other minerals extracted from their domains.”
It projected that with efficient, prudent management and utilisation of the savings of N3.6Trillion from subsidy payment in the first six months of 2023, Nigeria’s balance of payments would be boosted as demand which was served entirely by product importation would be curtailed.
It said that the drop in demand would inadvertently, trigger a corresponding reduction in the dollar volume needed to pay for premium motor spirit (PMS), which constituted the largest single import product by value,” he said.
The report welcomed with high expectations, the unification and the floating of the exchange rate policy recently introduced to strengthen and stabilise the economy.
“With the average exchange rate of N713.69 to US$1, which is about 55 per cent higher than the rate of N460.52 to the dollar recorded during Q2 will significantly raise the value of export earnings remitted to the Federation Account by more than 50 per cent.
“Also earnings from the new exchange rate through exports will also increase the value of foreign capital inflows, including investments, loans and grants,” it recommended.
The report also urged the Central Bank of Nigeria to prioritise policies to stabilise the exchange rate to facilitate the effective implementation of the deregulation policy and stabilise foreign exchange-dependent inflows into the Federation Account.
Source: NAN

Atiku Celebrates PDP’s 25 Anniversary, Says Party Will Bounce Back

Alhaji Atiku Abubakar
The Presidential candidate of the Peoples Democratic Party (PDP) in the 2023 election, and former Vice President of Nigeria, Atiku Abubakar has rolled up the drum to celebrate the party’s 25th anniversary.
Atiku insisted that the party had done a lot to impact positively on Nigeria’s socio-economic and political development.
A statement today, September 1, by his media office, quoted him to have said: “the PDP is the progenitor of our contemporary democracy, and therefore, the party shall ensure that democracy does not only survive in Nigeria, but that the country thrives through it.”
“Being one of the founding fathers of our great party, the Peoples Democratic Party, I take great pride in having participated in the process of nurturing the party from infancy to a deliberate agency of socio-political and economic development in Nigeria.
“In the 16 years that the PDP was at the helm of affairs in our country, the party offered quality leadership through various administrations and the achievements recorded in those 16 years have remained the benchmark for positive growth in our economy and other critical areas of our national life.
“Of course, the PDP took leading role in the deconstruction of military rule in Nigeria, and the peculiarities of our contemporary experiences both within Nigeria and other countries in Africa demand that the PDP should, once again, rise to the occasion in cancelling the economic hardship and other structural deficiencies that directly bear negatively on our people in the past nearly eight and half years.
“I have every confidence that the PDP will bounce back to give Nigerians a responsive government,” Atiku said.

The Promise I Made To My Mother, President Tinubu Recounts

“My first experience was with my mother of blessed memory. She was ill and she could not recognise me.
“When I intervened, she was treated and given a pair of glasses. The next question she asked me was: I have you, and you are able to do this for me, what about those other women and their children who may not have somebody like you to intervene for them?
“So I made a promise to her that I will pursue the mass provision of eye care vigorously and that I would provide free eye screenings and surgeries to people because of that question my mother asked me and because of her passion to see others healed.”
President Bola Ahmed Tinubu recalled this Promise he made to his late mother, when he spoke today, September 1, as he received in audience, the Founder and CEO of Peek Vision Foundation and Co-Founder of the Vision Catalyst Fund, Professor Andrew Bastawrous at the Presidential villa, Abuja.
Tinubu said that he eventually instituted a system that impacted the eye health of millions of people in Lagos, thereby bringing joy to the beneficiaries.
The President recalled his visionary “Jigi Bola” programme, which was initiated during his tenure as the Executive Governor of Lagos State in 2001 and provided free eye screenings and surgeries to Lagosians while setting a new precedent for proactive eye care initiatives in West Africa.
Highlighting the pressing need for improved eye health services in Nigeria, President Tinubu expressed concern about the more than 24 million Nigerians grappling with varying degrees of vision impairments.
The President, who declared his unwavering support for a partnership between the Federal Ministry of Health’s National Eye Health Programme and the Peek Vision Foundation to provide more than five million pairs of eyeglasses to Nigerians with sight impairments, said: “we must act now because sight and vision is critical to economic development and growth.
“I am in support of this initiative, and I will encourage the mobilisation of further commitment to see this through and to reach vulnerable people all across our country. Some parents may not pay attention to this, but I will, because I am touched.”
This was even as Professor Bastawrous expressed his commitment to the cause,  saying: “good vision unlocks human potential. It improves earning, learning, and wellness for individuals, communities, and countries.”
He shared his personal story and the transformative power of vision care, saying: “when I was 12, I was told by my teachers that I was clumsy and lazy, but the results of an eye exam explained I had very poor vision. And when I put on a pair of glasses, I saw the leaves on a tree for the first time, and my life completely changed and two weeks later, I was using my first pair of free eye glasses and I saw stars clearly for the first time.
“My grades improved, and the trajectory of my life completely changed, all because of a very cheap intervention that is 700 years old. Had that not happened, I would not be standing in front of you today.
“I would not be a professor, and I would not be involved in the work I am doing because sight gives opportunity.”
The Peek Foundation CEO noted that eye care is still chronically under-resourced in many countries, adding that the estimates in Nigeria show that 0.0002 percent of the health budget is spent on eye health.
“The good news is that President Tinubu has an excellent team in the health sector, and some of them have demonstrated tremendous leadership in the sector. What we would like to offer is to bring our Peek Vision methodology and platform to Nigeria to help unlock resources from multiple sources. In the countries where we have worked, Peek in Botswana unlocked 10 million dollars for the school programme, and in Kenya, 17 million Euros. Through the Vision Catalyst Fund, we have secured a donation of 200 million pairs of glasses, and we would like a significant proportion of that to come to Nigeria.”
The Coordinating At the event, the Minister of Health and Social Welfare, Professor Mohammed Ali Pate was subsequently joined by the Coordinator of the National Eye Health Programme, Dr. Oteri Okolo and the Director of Public Health, Dr. Chukuma Anyaike, as he presented a National Policy Document on Eye Health to the President.

CBN Alerts Nigerians, Banks, Over Possible Fake $1 Billion In Circulation

The Central Bank of Nigeria (CBN) has alerted Nigerians and banks as well as other financial institutions over the $1 billion that may be in circulation following the arrest of a Nigerian and four others allegedly involved in currency counterfeiting.
The CBN, pursuant to Regulation 4 of the CBN Anti-Money Laundering, Combating the Financing of Terrorism and Countering Proliferation Financing of Weapons of Mass Destruction in Financial Institutions) Regulations, 2022, (CBN AML/CFT/CPF Regulations), directed financial institutions to conduct searches on their database to determine any information related to the identified individuals.
The apex bank, in an administrative letter to banks and Other Financial Institutions (OFIs), dated August 23, 2023, which was signed by the CBN Director, Financial Policy and Regulations Department, Chibuzo Efobi, asked banks to check whether they maintain any accounts or hold any funds or economic resources for the persons involved.
The banks were further requested to identify and file suspicious transactions reports to the Nigerian Financial Intelligence Unit (NFIU) and render NIL reports to the unit where no such records exist.
The CBN also directed the banks to comply with the directive immediately.
The arrested persons were identified as Dele Bolade Samson Babaola, who holds both Nigerian and Swedish citizenship.
Others were Kean Kwasi Arhin from Ghana; Netanel Jacob Weiss, from the United Kingdom; BO Nils Olof Forsanker and Peter Willi Herbert Schick both from Sweden.
The central bank said that it had stepped up its vigilance against money laundering activities to further protect the financial system.
On July 6, the CBN urged banks and other financial institutions (OFIs) to be vigilant and alert to possible emerging risks resulting from the circumvention of measures taken to protect the international financial system.
The apex bank, in an administrative circular issued following the outcome of the Financial Action Task Force (FATF) plenary held between June 21-23, 2023, had further alerted the banks on the addition of Cameroon, Croatia, and Vietnam to the list of jurisdictions under increased monitoring by FATF.
The apex bank further stressed that the Democratic Peoples Republic of Korea, Iran, and Myanmar remained on the list of high-risk jurisdictions subject to “Call for Action”, urging that enhanced due diligence should be applied, and in severe cases, countermeasures may need to be implemented to safeguard the international financial system.
The bank had emphasised that the suspension of the Russian Federation’s membership in the FATF remained in effect.In light of the development, the central bank had further directed financial institutions to note all additions to jurisdictions under “Increased Monitoring” as well as high-risk jurisdictions subject to a “Call for Action” and take necessary measures to mitigate these risks effectively.
The FATF is the global money laundering and terrorist financing watchdog that sets international standards that aim to prevent illegal activities and the harm they cause to society.
It was gathered that the jurisdictions under increased monitoring are actively working with the FATF to address strategic deficiencies in their regimes to counter money laundering, terrorist financing.
Source: THISDAY online.

Economic Hardships: Nigeria Labour Goes On 2-Day Nationwide Strike

Joe Ajaero

The Nigeria Labour Congres (NLC) has announced a two-day warning strike beginning on September 5 to protest against the Federal Government’s failure to address the challenges caused by the removal of fuel subsidy.
The NLC President, Joe Ajaero, who spoke to newsmen today, September 1, said: “The first increase in the pump price of petroleum products and the last one moved a lot of people from the borderline to a very high level of poverty.
“Now, if you calculate it, you will discover that this will not translate to N1,500 per person and you ask: is that the impact? Is that really what we want to achieve?
“Let’s assume it’s a loan. What is really going to happen? Is it garbage in, garbage out?
“If it is N5 billion, I think organised labour would want anybody to do the calculation and tell us how it is going to impact Nigerians on what is happening currently. If it is a loan, then it is too bad.”
The labour union is accusing the Federal Government of abandoning the negotiations and failing to implement some of the resolutions from previous meetings.

Abuja Task Force Destroys 400 Motorcycles Impounded In Operations 

The Joint Task Force Team of the Federal Capital Territory Administration (FCTA) has impounded and crushed no fewer than 400 commercial motorcycles for operating illegally in Abuja capital city.
The News Agency of Nigeria (NAN) reports that the motorcycles were impounded at strategic spots which the motorcyclists use as their routes for operations.
The areas included Kpaduma II, Asokoro Extension, Galadimawa by Primary School, Gudu market, Kabusa junction and Apo mechanic village.
The Director of the FCT Directorate of Road Traffic Services (DRTS), Abdulateef Bello, said that the operation was part of ongoing efforts to take commercial motorcycles and tricycle operators off Abuja roads.
According to him, the operation was in line with the matching order by the Minister of FCT, Nyesom Wike, to ensure sanity on Abuja roads.
Bello said that the DRTS has been working hard to enforce the ban on commercial motorcycles and tricycle operations within Abuja metropolis since 2006.
He said  that the operators kept returning to the roads, saying that the FCTA has declared zero tolerance for illegal operations of commercial motorcycles.
Earlier, Federal Capital Territory (FCT) Commissioner of Police, Garba Haruna, said that the exercise was a sign that the law on motorcycle ban was still in force.

Banks Sack 110 Top Executives, Others In 2 Years, Over N82 Billion Fraud – FITC

The Financial Training Institution Center (FTIC) has reported that no fewer than 110 senior bank officials and junior employees have been sacked for fraud-related crimes during the previous two years.
In its ‘Reports of Fraud and Forgeries in Nigerian Banks,’’ on the second quarter of 2021 and Q2 2023, the FITC said that only four bank officials were sacked in Q2 2021, but that the figure rose by 175 per cent to 11 in Q2 2023.
FITC’s members are members of the Nigerian Banker’s Committee, which comprises the Central Bank of Nigeria, the Nigeria Deposit Insurance Corporation, and all licensed banks in Nigeria.
The report said that the highest number of sacked top bank executives and junior staff members was recorded in Q3 2022 where 20 officials were fired.
It said that between Q2 2021 and Q2 2022, 52 bank staff members were sacked for fraud-related issues.
According to the report, between Q3 2022 and Q2 2023, 58 bank staff members were sacked for the same reason.
It said that within the period under review, the sacked staff members were involved in a total of 967 fraud cases.
The highest number of cases was recorded in Q4 2021, with 410 cases involving bank staff, while the lowest was recorded in Q3 2021, with 32 cases.
The report said that between Q2 2021 and Q2 2022, bank staff were involved in 657 cases, while between Q3 2022 and Q2 2023, they were involved in 310 cases.
It added that about N18.01 billion was lost due to fraud committed by bank staff and outsiders within the reviewed period out of a total of N81.69 billion involved in fraud cases.
It was earnt that the highest amount lost was N5.79 billion in Q2 2023, while the lowest amount lost was N472.28 million in Q1 2023.
For the total amount involved, the highest amount was N34.78 billion in Q3 2021, while the lowest amount was N1.18 billion in Q2 2022.
It was observed also that mobile fraud, computer/web fraud, and P0S-related fraud were the most prevalent types of fraud, and this trend persisted in Q2 2023.
In June 2022, the PUNCH reported the continued trial of three former workers with the First Bank of Nigeria facing attempted fraud charges before a Lagos State Special Offences Court, Ikeja.
The defendants, Ozioma Ugorji, 35; Ugwu Emeka, 32; and Obike Chukwuka, 38, were arraigned by the Economic and Financial Crime Commission for allegedly attempting to steal N20bn from the bank.
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