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An Open Letter to Mr. President

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By Olusegun Akande

Your Excellency, first of all I want to let you know that on more than a few occasions during the past few months a reminder of the fact that you lost four presidential elections before finally securing the public’s mandate to govern Africa’s largest economy has been a great inspiration and encouragement to me. Your tremendous achievement reminds me that divine destiny doesn’t necessarily mean an easy journey.

A few days ago I came across an article in the Economist – The Secrets of their (Scandanavian Countries) Success.

The article focused on two main areas – 1. Welfare, and 2. Pragmatism

It was no surprise to me that a nation with a good welfare system as its’ foundation is more likely than not to be a prosperous and successful one.

Why?

Because a government governs best with its’ people in tow and in support; and a nation prospers most when its’ people and its’ government are in unison in Ideology, Desire, and Implementation.

If I were to score the performance of your government so far I would give it 25% – a score based entirely on your desire to build a new nation in which the less privileged are well catered for. I passionately agree with this desire, but unfortunately I’m not able to support your policies because as yet there don’t seem to be any.

Has your government actually studied the principles of a welfare state? More importantly are the members of your government fully in support of a welfare state? The unfortunate stillbirth of your first budget suggests there are many within this government. – both the Executive and Legislature – that couldn’t care less about the less privileged.

Furthermore does the public you serve understand your vision? And the policies / strategies you intend to utilise in achieving it? Surely the support of your government and the people that voted you in is key to your success?!

There’s something political leaders of developed nations have learned to do with such aplomb; and that is winning the support and backing of the public in order to enforce the support of your administration. Power is addictive. Once ministers and policy makers recognise that failing to toe the line can lead to an angry response from the electorate, and thereby a loss of their seat, they tend to behave themselves.

But unfortunately we the public have absolutely no idea what your vision is and even less an idea of your policies. After nine months in office, not once have you addressed the nation -the very people that voted you in – to explain your socio economic policies. A nation is built on the attitude of its people. The attitude of the people is often determined by the Ideology, Policies, and Attitude of the government. The two are intertwined; hence the saying ‘you get the government you deserve’.

We have no idea what you desire and how you want to achieve it. All we know is that you dislike corruption. We also dislike corruption; but surely there comes a time when anti-corruption news for breakfast, lunch, and dinner is no longer enough for our well-being??!!

At some point we need to start believing in something else as well – such as a well structured economic policy. What really concerns me is that the statement many have been making for several months, but which I refused to accept is now starting to ring a little too true for comfort; and that is the grim possibility that your government doesn’t actually have an economic blueprint. Please tell me these statements are gravely misguided.

The longer your administration remains silent on the direction we’re heading, the less we believe you know what you’re doing.

Another prominent feature of successful nations is the ability of their governments to be practical.

Surely it’s time to be practical regarding the exchange rate?!! I’m as passionate about self sufficiency as anyone can be, but I also recognise that we cannot be an island. Allowing foreign investments to dry up completely (which is what leaving things as they are will inevitably lead to) is tantamount to economic suicide!

Before going any further I believe it is important for me to point out that I’m not speaking on behalf of the elite few. How could I be when my station in life is so very far from them?! My late father was a civil servant who worked hard to ensure his children attained a good education.

I most probably earn less than many civil servants earn today. But that is not to say that I do not work hard or add value.

I’m speaking on behalf of millions and millions of ordinary, hard-working Nigerians.

If you refuse to be practical then at least explain to us why you insist on not devaluing the exchange rate. Is there a cunning plan that will somehow make everything better? Or is this a case of sit tight and hope for the best?

History tells us that no matter how long you sit tight for, you will eventually have to agree to officially devalue the naira. The parallel market has now become the official market as with all the restrictions and rationing, this is where most businesses buy their foreign exchange from. Goods with import content are now being priced against the parallel market rate, and the lucky few who are still getting N199:1$ are making wide profit margins. By the end of March the naira to dollar exchange rate will most likely have reached NGN500 to US1, if not more!

Your Excellency, even your government, state governments, and their employees are presently reeling from the adverse effects of your refusal to devalue the naira. Their share of oil revenues is still being converted at 199:1; and as a result most of the states cannot afford to pay salaries. Furthermore the inevitable inability to balance your budget will naturally subject future generations to a debt burden once again. The words ‘a vicious cycle’ come to mind.

I fully sympathise with your desire to cater for the masses, even if it means it is at the expense of the well to do. But the irony of your present stance is that the people who will be most severely affected are the masses. After-all a large percentage of the masses are employed by the middle class. The middle class are the people that drive the small /medium sized business sector. Small /medium sized businesses drive the economy.

I do wonder whether we the electorate are presently behaving like the Israelites did in the wilderness after God delivered them from captivity in Egypt. They grumbled on a daily basis; wondering whether it would have been better to remain in Egypt where they at least had a routine and knew when they would eat. However their situation was fairly different. They knew they were being taken to the promised land. ‎

Does the average Nigerian know where you’re taking him / her?

Mr. President, the nation’s economy is in a critical state. Corporations are laying people off by the second, small businesses are barely existing, most people are struggling to make ends meet, government is not paying employees or contractors, and to make matters worse nobody has any idea where we’re going.

I recall getting up at 6.00am on Saturday, 28th March 2015 to vote for you. Despite the knowledge of an impending 6km walk to my polling booth the fervent hope of the better future your government of change would bring made it seem more like a 100 metre dash. A government focused on the welfare of the people; a government for the people, and by the people!

I put my trust in you.

We all put our trust in you by voting for you.

It’s time for you to return that trust by telling us where we’re going, and how you intend to get us there. Kindly reciprocate the trust we put in you by respectfully explaining your plan for the next three years to us – in person, and not through your media spokesman.

We deserve that much.

Yours sincerely, and with kindest regards

Olusegun Akande

Akande is Managing Director of SBA Interactive and Founder of Arise Africa Foundation

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N3bn Fraud Trial: Court permits Yahaya Bello’s accused nephew to travel abroad

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The Federal High Court in Abuja has permitted an accused nephew of former Kogi State Governor Yahaya Bello to travel to the United Kingdom for medical attention.

 

To enable the defendant, Ali Bello, to embark on the foreign medical trip, the court ordered the release of his passport seized from him as part of his bail conditions.

 

Obiora Egwuatu, the trial judge, issued the order on Monday, overruling the objection of the prosecution agency, the Economic and Financial Crimes Commission (EFCC), to grant the accused person’s request.

 

He said the prosecution failed to present convincing evidence to back its claim that Ali would jump bail or tamper with evidence if allowed to embark on the medical trip.

 

He said he had no reason to believe Ali would jump bail, having fulfilled previous undertakings to return to Nigeria to continue his trial on two separate occasions.

 

“Since the grant of bail, he has not breached the terms of bail and has been coming to court to stand his trial.

 

“It is not controverted that this court had on two previous occasions granted the applicant similar prayers.

 

“On those two occasions, that is, between the 1 to 31 August 2023 and 17 December 2023 and 10 January 2024, the applicant did not breach the terms of the permission granted,” the judge said.

 

Stressing the need to ensure a defendant is healthy to stand trial, the judge said, “I wholeheartedly subscribe to the view that a defendant should be alive to stand trial” and face the consequences of his crime if found guilty.

 

Mr Egwuatu ordered the court’s deputy chief registrar who keeps Ali’s passport to release it to him, the News Agency of Nigeria (NAN) reports.

 

He also ordered the defendant to return the passport on or before 15 September.

 

Series of charges relating to Kogi funds

Ali and three others are standing trial on money laundering charges involving N3 billion allegedly diverted from the Kogi State coffers during former Governor Bello’s tenure.

 

The three co-defendants in the case are Abba Adaudu, Yakubu Siyaka Adabenege and Iyadi Sadat.

 

The case is only one in a series of prosecutions the EFCC brought against Ali, Mr Bello and their associates over their alleged fraudulent handling of Kogi State Government’s funds.

 

Ali and a co-defendant, Dauda Sulaiman, are charged with money laundering in another case involving the alleged diversion of N10 billion of Kogi State’s funds. The case is before a different judge of the Federal High Court in Abuja, James Omotosho. The prosecution has already called seven witnesses in the trial.

 

Mr Bello, the former governor, faces money laundering charges involving an alleged diversion of Kogi State’s N80 billion in a separate case before Mr Omotosho. Both Ali and Mr Suleiman are named as accomplices in the case.

 

EFCC brought the charges against Mr Bello after completing his two terms of eight years as governor in January but has been unable to get him to court for arraignment.

 

Since April, Mr Bello has shunned six court sessions scheduled for his arraignment, which has now been rescheduled for 25 September.

 

Ali’s medical trip request

On 5 April, Ali filed an application in the trial before Mr Egwatu seeking an order to release his passport from the deputy chief registrar of the court to enable him to travel abroad for medical consultation and examination.

 

He said the trip was to fulfil a routine cardiologic follow-up to review his medication and undergo cardiac tests.

 

He said he received medical advice to undergo the process annually.

 

He also recalled that the judge had granted him similar permissions to embark on the foreign medical trip on two occasions – first between 1 and 31 August 2023 and second between 17 December 2023 and 10 January 2024.

 

He said he returned to Nigeria on both occasions and returned his passport to the court’s deputy chief registrar as he was ordered to.

 

He pleaded with the judge to order the release of his passport again, undertaking to return it to the official upon his return from the UK to Nigeria.

 

The defendant also gave an assurance to be law abiding in the UK.

 

EFCC opposes request

The EFCC opposed the application.

 

Arguing against the request in court, EFCC’s prosecuting counsel, Rotimi Oyedepo, a SAN, cited a five-paragraph counter-affidavit detailing reasons for the commission’s objection. An EFCC official, Abubakar Salihu Wara, swore to the facts in the document on 19 April.

 

Mr Oyedepo argued that Ali failed to place any medical report before the court to show the health condition that necessitated the medical appointment.

 

Mr Oyedepo said Exhibit ‘A’ attached to the application did not disclose the email address of the sender and the receiver of the said medical appointment.

 

He added that the applicant did not present anything to show that Exhibit ‘A’ emanated from the London Centre for Advanced Cardiology as claimed.

 

He argued that Ali might tamper with evidence gathered for his prosecution if his application is granted.

 

However, Ali filed a further affidavit to dispute the prosecution’s claims.

 

Ruling

Apart from banking on the reputation Ali had earned by fulfilling his promises to return to Nigeria when granted the foreign trip permissions on two previous occasions, the judge also ruled that EFCC’s reasons for objecting to the request were not convincing.

 

Mr Egwatu held that EFCC failed to show that the name of the London hospital Ali planned to visit and its address “are not in existence”. He said there was no contrary evidence disputing the fact that the applicant “has a scheduled appointment with the said cardiologist.”

 

According to him, there was also no evidence presented by the EFCC to show that while Ali was on bail, he did or attempted to interfere with evidence or collude with any person to tamper with evidence.

 

The judge further said that a defendant ought to be healthy to stand the rigours of trial.

 

Former Central Bank of Nigeria (CBN) governor Godwin Emefiele, facing multiple corruption trials, recently applied to the High Court of the Federal Capital Territory, Abuja, to seek medical attention in the UK, but the court rejected the request.

 

The judge in the case upheld EFCC’s objection, which was argued by Mr Oyedepo, the same prosecutor in Ali’s trial.

 

(NAN)

 

 

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Reps ask FG to suspend NMDPRA boss over anti-Dangote refinery comment

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The House of Representatives has called on the Federal Government to suspend the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, pending the conclusion of the investigations of allegations against what it called the unguarded statement by the CEO.

 

The resolution of the House followed the adoption of a motion of urgent public importance sponsored by the member representing Esosa Federal Constituency, Edo State, Esosa Iyawe, during Tuesday’s plenary on the need to address issues arising from Farouk’s utterances about the nation’s local refineries.

 

The lawmaker reminded his colleagues that claims of adulterated fuel in the Nigerian market must be thoroughly investigated, stating that fuel quality can impact engine hardware.

 

This he said, is the reason ultra-low sulphur diesel is recommended for all types of power plants, storage tanks, industrial facilities, fleets and heavy equipment, and even ships, as high sulphur content in fuels, causes damage to engines and contributes to air pollution.

 

He said considering the various risks associated with sulphur, countries across the world have taken steps to regulate it by setting standards that require maximum reduction of emissions of this chemical compound, which diesel producers are expected to adhere to.

 

The Labour Party lawmaker, however, noted that the NMDPRA permits local refiners to produce diesel with Sulphur content of up to 650 parts per million until January 2025, as approved by the Economic Community of West African States.

 

He quoted the NMDPRA boss as saying that the diesel produced by the Dangote Refinery is inferior to the ones imported into the country and that their fuel had a large content of sulphur, which he put at between 650 to 1,200 ppm.

 

 

“In their defence, Dangote called for a test of their products, which was supervised by members of the House of Representatives, wherein it was revealed that Dangote’s diesel had a Sulphur content of 87.6 ppm (parts per million), whereas the other two samples diesel imported showed sulphur levels exceeding 1800 ppm and 2000 ppm respectively, thus disproving the allegations made by the NMDPRA boss.

 

 

“Allegations have been made that the NMDPRA was giving licences to some traders who regularly import high-sulphur content diesel into Nigeria, and the use of such products poses grave health risks and huge financial losses for Nigerians.

 

“The unguarded statements by the Chief Executive of the NMDPRA, which has since been disproved, sparked an outrage from Nigerians who tagged his undermining of local refineries and insistence on the continued importation of fuel an act of economic sabotage, as the imported products have been shown to contain high levels of dangerous compounds.”

 

He condemned what he called the careless statement by Farouk, noting that “Without conducting any prior investigation, he was not only unprofessional but also unpatriotic, especially in the face of the recent calls for protest against the Federal Government.”

 

Recall that a joint committee of the House on Monday, July 22, 2024, commenced investigations into Farouk’s allegations against Dangote Refinery.

 

The panel, made up of the Committees on Petroleum (Downstream and Midstream) is also conducting a legislative forensic investigation into “The presence of middlemen in crude trading and alleged unavailability of international standard laboratories to check adulterate

d products”, among others.

 

 

 

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Democrats Raise Over $40 Million Online Following Biden’s Presidential Race Exit

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In a remarkable display of financial support, Democrats raised more than $40 million online following President Joe Biden’s announcement that he would be exiting the presidential race. This surge in donations, which occurred on Sunday, marked the most significant single day of online contributions for the Democratic Party since the 2020 election.

According to a New York Times analysis of ActBlue’s online contribution tracker, the wave of donations began shortly after President Biden’s withdrawal and coincided with Vice President Kamala Harris gaining momentum in the nomination race. Prior to Biden’s announcement, donations were averaging less than $200,000 per hour. However, within just one hour after the news broke, donations soared to $7.5 million.

The ActBlue platform processes contributions for various Democratic candidates and causes, not limited to Biden or Harris. It includes donations to Democratic House and Senate candidates as well as political nonprofits. The overall increase in donations highlights the unified support within the party during a pivotal moment.

Kenneth Pennington, a Democratic digital strategist, expressed his enthusiasm on X (formerly Twitter), stating, “This might be the greatest fundraising moment in Democratic Party history.” The previous record for single-day donations on ActBlue was set after the death of Justice Ruth Bader Ginsburg in September 2020, with approximately $73.5 million processed. Sunday’s donations, reaching over $50 million by the end of the day, made it one of the platform’s most successful days ever.

The influx of contributions comes at a critical time for the Democratic Party, which has been grappling with internal conflicts and a need to regain momentum in the race aga inst former President Donald J. Trump. Fundraising had significantly slowed among major Democratic donors following President Biden’s underwhelming debate performance, but his departure from the race seemed to galvanize the party’s base.

Biden’s exit and his endorsement of Vice President Harris appeared to unify Democratic supporters, resulting in a dramatic spike in contributions. As Harris builds momentum to secure the nomination, the financial backing will undoubtedly play a crucial role in her campaign.

President Biden’s withdrawal had been anticipated by many, although the timing came as a surprise. He announced his decision while recovering from Covid at his Delaware beach house. In a letter posted on X, Biden reflected on his presidency, calling it the “greatest honor of my life.” He emphasized that stepping down was in the best interest of the party and the country, allowing him to focus on his duties for the remainder of his term.

Biden’s endorsement of Harris was swift and unequivocal, with his campaign quickly rebranding to “Harris for President.” Prominent Democrats and potential rivals, including California Governor Gavin Newsom, promptly voiced their support for Harris.

The surge in donations following Biden’s exit signifies a critical juncture for the Democratic Party. With substantial financial resources now at their disposal, the party aims to leverage this momentum to overcome recent challenges and strengthen their position in the upcoming election.

 

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