Admin

Admin

binance: Crypto giant Binance commingled customer funds and company  revenue, former insiders say - The Economic Times

 

The House of Representatives’ Committee on Financial Crimes has recommended that the parliament should evoke its powers to subpoena and arrest top executives of Binance Holdings Limited for financial infractions and terrorism financing.

The Reps committee made the call against the failure of Binance to appear for the public hearing organised by the panel.

The call was sequel to non-appearance on Monday, of the company over allegations bothering on terrorism financing, money laundry, tax invasion and other crimes at the committee’s public hearing.

The Chairman of the Committee, Hon. Obinna Ginger lamented the non-appearance of the Chief Executive of Binance Holding limited, Mr Richard Teng, after many invitations.
The Committee had in a letter dated 12 December, 2023 summoned Tang to appear at the public hearing.

The Committee got infuriated with Binance disregard of the invitation and failure to send legal representatives to the public hearing.

Ginger said the committee will be forced to recommend the arrest Binance executives to the House over its failure to appear before the it.

“As long as the Committee is concerned, Binance is not at this meeting, because we have said it severally that we do not want representation by lawyers but that the chief executives should appear before us.

“Binance is not here.We have taken a position on it in our last sitting that we are not going to entertain legal representation from Binance and that position stands.

“Based on the fact that Binance is not here, we need to make a recommendation to the House of Representatives for the House to invoke its powers of subpoena to issue a warrant for the leadership of Binance to be arrested and be brought to this Committee to answer questions of the grave allegations leveled against them in the petitions brought to us by the Empowerment for Unemployed Youths Initiatives and Niger Delta youths Council.

“This Committee has resolved to recommend to the House to invoke its constitutional powers by issuing a subpoena and a warrant for Binance executives to be arrested and brought to this Committee to answer these questions relationship financing of terrorism, money laundering and other financial crimes as stated in the petition including evasion of tax,” Ginger said.

Counsel to Binance, Senator Ihenyen who appeared for the company pleaded with the Committee to give the firm ample time to appear before it.

Ihenyen disclosed that two of the company’s executives that arrived the country for the meeting were arrested by the Office of the National Security Adviser.

“Following the arrest of two executive, other persons could not come into Nigeria because they are afraid of arrest too.

“Binance has responded appropriately to the demands of the Committee and as our client, we are pleading that this honorable committee consider taking the report,” he said.

Supreme Court: Insurrection Clause Doesn't Bar Trump From Presidential  Ballot | National News | U.S. News

 

It was a massive relief for former United States President Donald Trump as the US Supreme Court, on Monday, ruled that efforts by independent states to bar him from the presidential ballot as a candidate in the November election cannot stand.

Justices unanimously overruled Colorado’s decision to disqualify Trump from the Republican primary ballot following an anti-insurrection clause in the US Constitution to ban Trump, cited by the Colorado judges.

Similar attempts have been made in Illinois and Maine, citing Section 3 of the 14th Amendment that bans anyone who has “engaged in insurrection or rebellion” from office.

The Colorado ruling was predicated on Trump’s actions around the January 6 attack on the Capitol by his supporters. However, in their Monday decision, the Supreme justices ruled that only Congress has the power to enforce the provision, not states.

On Tuesday Republican voters in Colorado and more than a dozen other states will go to the polls to pick the party’s presidential nominee.

Trump has already demonstrated his capacity to win the Republican Presidential ticket, having won in important states that already voted.

Governor Caleb Mutfwang of Plateau State said former President Muhammadu Buhari left a poor economy for President Bola Tinubu.

Muftwang stated this while speaking during the swearing-in of 22 Special Advisers and heads of other government agencies appointed by his administration on Monday.

The governor lamented that the economic hardship being faced by Nigerians should be blamed on the last administration.

He noted that President Bola Tinubu inherited the worst-performing economy in Nigeria from Buhari since the country started its democratic experiment in 1999.

Muftwang said, “We are at a very difficult juncture in the history of this country and I’m an advocate that after the election you forget politics and face governance.

“And even though the Federal Government is being led by a party other than my own, I owe you the duty to tell Nigerians the truth that this government inherited a worse situation than 1999.

“This government inherited an economy where we simply printed money up to the tune of N30 trillion and shared. This government inherited an economy where the crude oil we’re yet to take out of the ground has been sold in advance.

“So when you’re talking about the fall of the naira, it’s not rocket time. We sold our future under the last administration. No wonder you’re hearing of riots today, people intercepting food on the way. We are lucky on the plateau that perhaps we have more food than many other states.

“And I pray that the time will not come on the Plateau that we will see this kind of riot for food, but it means we must roll over our sleeves and get to work. And that is why, for us as a government, when we announced one of the positions that talked about Food Security, people were laughing but it is a serious issue.”

The governor announced plans by his administration to set up a special agro-processing zone in Barkin Ladi LGA in partnership with the African Development Bank to the tune of 300m dollars.

He called on the new appointees to brace up to the challenge to enable his administration to reverse the ugly situation for the good of the people.

The governor added “And to tell you that some of the appointees, I don’t know them, but because we want to get things done, we’re looking for the right people. Some of them were just introduced to me barely a week or two before the appointment.

“But because we became persuaded that they had the requisite CV to fit into the position we are looking for, we took them on board. And we are confident that with their coming on board, they will add value to governance. So the most critical part for all the advisers is that you must go and look for money.

“This is a serious matter. There’s no money to share. You must put on your thinking cap and help us where we can source for funds. Some of the funds will be used for investment and development so that we can generate wealth.

“Those of you in charge of the constituencies are to step down whatever government is doing to your constituencies so that together we can move as a people.


“We have suffered enough distraction. You know of the bloodshed on the plateau. The time is now to say enough of it at all.”

Justice Lewis Allagoa of a Federal High Court in Lagos, on Monday, struck out the charge against 19 Bureau De Change (BDC) Operators, following the withdrawal of the case.

The suspects are Ibrahim Jubril, Abdullahi Abubakar, Ibrahim Hassan, Adamu Isiaka, Ibrahim Abdulrahman, Jubril Hassan, Mohammed Isoaka, Mohammed Aminu and Adamu Ibrahim.

Others are Hassan Amadu, Salisu Hamidu, Mahmoud Mohammed, Murtala Usman, Hassan Yakubu, Abdullahi Kabiru, Ali Sadam. Ahmadu Yusuf, Abdullahi Hussain and Alhaji Sido.

The defendants were charged with conspiracy, unlawfull operation of forex trading as BDC operators without licence from regulatory agencies and deriving various sums of money from such unauthorised trading.

They were said to have committed the offence around Feb. 21, within the Lagos metropolis.

When the case was called, Mr Umaru Bello, from the State Criminal Investigation Department (CID), Panti announced appearance for the prosecution.

The prosecutor, shortly after his announcement, informed the court that he seeks to withdraw the charge against the defendants.

He told the court that he received a call from his superiors in the office to withdraw the case.

He told the court that he would not be proceeding with the arraignment of the suspects.

Justice Allagoa accordingly, struck out the charge.

The police had earlier said that the offence contravenes the provisions of the Banks and Other Financial Institutions Act 2020.

Monday, 04 March 2024 19:26

Tinubu Returns To Nigeria From Qatar

President Tinubu Lands In Abuja (Video)

 

President Bola Ahmed Tinubu has returned to the country after a two-day State visit to Qatar at the invitation of the Emir, Sheikh Tamim bin Hamad Al Thani.

Naija News had reported earlier that the Nigerian leader left the Presidential wing of the Doha International Airport on Monday morning and arrived at the Nnamdi Azikiwe International Airport, Abuja, in the evening.

Tinubu, who arrived around 6:37 pm, was received on arrival by senior government officials led by Vice President Kashim Shettima.

Other officials who received the President include his Chief of Staff, Femi Gbajabiamila; the Minister of the Federal Capital Territory (FCT), Nyesom Wike; the National Chairman of the ruling All Progressives Congress (APC), Abdullahi Ganduje; and Director General of the Department of State Service (DSS) Yusuf Bichi.

During his visit to the Arabian nation, the President met with investors at the Nigeria-Qatar Business and Investment Forum in Doha on Sunday.

President Tinubu and His Highness, Sheikh Tamim bin Hamad Al Thani, Emir of the State of Qatar, also presided over the signing of landmark agreements between Nigeria and Qatar.

Tinubu also witnessed the signing of various bilateral agreements concerning critical sectors of education, enterprise development, investment promotion, youth empowerment, mining, tourism, and sports.

Also, during the business/investment forum, he spoke to the Qatari business community about the vast investment opportunities available in Nigeria with an almost unbelievable return on investment, assuring them of his administration’s resolve to make Nigeria the best investors’ destination anywhere in the world.

Amid our current economic challenges, it has become obvious that all hands must be on deck as we search for lasting solutions. It does not matter what our political interests and affiliations might be; what we have on our hands calls for patriotism, collaboration and sense of national pride. Hunger and anger go hand- in-hand, and the last thing we want is a mob action in any part of the country arising from starvation, malnutrition and hunger in the land.

The mob has no mind of its own and it is usually characterised by a breakdown of law and order: violence, looting, brigandage, and a general sense of insecurity. Pockets of protests that are meant to be peaceful are sometimes hijacked by hoodlums.

On Sunday March 3, it was reported that some residents in the Federal Capital Territory (FCT), Abuja, looted a warehouse belonging to the National Emergency Management Agency (NEMA) over the current economic hardships in the country. The warehouse, according to the reports, is located in the Karimo Phase 3 region, Abuja.

President Tinubu and state governors must as a matter of national emergency prevent the looming social unrest over hunger and unemployment.

 

Some people would argue that the mismanagement of our economy over the years resulting in our current hardships is all part of life’s rich tapestry, but I disagree. With the increasing misery index around us compounded by the run-away inflation of goods and services, what can state governors do to make a difference in their respective states? What did they do with the initial N2 billion intervention fund for each state which the federal government disbursed?

Clearly, only those who have access to privileges – family members, former colleagues, old school mates, political and business associates, girlfriends, and concubines – are the ones smiling because they have been ring-fenced from the “pandemic of empty pockets.” This is a phrase popularised by Reuben Abati, former presidential spokesman and anchor of “The Morning Show” at Arise News. When you don’t have money in your pocket, what do you do?

In an article published in May last year, I challenged state governors to think outside the box and make their states centres of innovation, production, excellence and economic opportunities. Do our governors understand the meaning of multi-dimensional poverty?

 

More Nigerians are slipping into the poverty bracket daily, not knowing where the next meal will come from. Most families are heavily dispossessed, distressed and depressed as a result of the unbearable economic hardships. If you want to buy yam or pepper or tomatoes, you are told the price changes daily because of the volatile forex market.

If we look at the size and population of our states, most of them are the equivalents of some of the 54 countries in Africa. For example, Cape Verde that created upsets at the last Africa Cup of Nations (AFCON) hosted and won by Cote d’Ivoire, has a population of 598,682 people, according to UN official statistics.

Others examples are Sierra Leone (8,791,092), Liberia (5,418,377), Mauritania (4,862, 989), Eritrea (3,748,901), Gambia (2,773,168), Botswana (2,675,352), Gabon (2,436,566), Equatorial Guinea (1,714,641), Mauritius (1,300,557), and Seychelles (107,660).

In the UN report, Nigeria was listed as having 223,804,632 people as the most populous nation in the continent. Coming after Nigeria was Ethiopia (126,527,060) with Egypt (112,716,596) at the No. 3 position.

 

Let no one deceive you, we are still the giant of Africa. Isn’t it evident from the population data above that some of our local government councils can also stand alone as countries? Truth be told, most state governors always underperform because they find it difficult to separate politics from governance. They are also very selfish.

Now, if our state governors are serious about developing their local economies where they currently operate like emperors, they can borrow from the Lagos State model where there has been continuity in terms of transformative leadership from one administration to the next.

If they want to look outside Nigeria, they are free to do so; after all, they are frequent first class travelers to far flung destinations of the world. A first class ticket to the UK, US, UAE, Japan, China, Germany, etc – their favourite destinations – cost over N12 million for each ticket. What of the cost of flying private jets locally? There’s too much waste going on at the subnational government level in the form of corruption and insider abuses, e.g. like paying ghost workers – funds that should be channeled into development to make the lives of the people better are diverted elsewhere.

Let the governors visit Dubai – one of the seven emirates of the United Arab Emirates (UAE) – and Singapore if they are looking for ideas on how to transform their states. To be fair, some state governors are working, and have come up with what can pass as a vision for development. Will the development ideas and implementation be sustained

Unfortunately, some governors embark on white elephant projects for political expediency. Instead, they should focus on strategic projects that are realistic, achievable, time bound, measurable and make sense.

During campaigns, politicians spend a lot of money for their elections. Fund raising is a big part of the electoral process, and running for political offices is not cheap. Those who don’t have funds of their own depend on the deep pockets of their “godfathers” and “sponsors.”

 

You can spend your entire life savings, in addition to borrowed funds and still lose at the polls. This is usually a major hurdle in our politics and the dilemma of the political elite. All political IOUs must be settled once our political leaders get into office.

The obligation to serve is therefore relegated to the background as those who contributed to the electoral victory of the candidates are rewarded with “juicy” appointments. But it doesn’t end there. The nature of reward is often to pocket the treasury and leave the people – who stood under the sun or rain to vote – shortchanged and stranded.

 

The irony is that there is no sense of outrage from these voters. They are afraid to ask questions or hold their governors to account. Even when the civil society ask the right questions and demand transparency and accountability, the effort is not sustained.

When governors get into office, they pocket their local governments, appropriate their funds and set sights on their second terms – the next big project. State governors who are ready to work have no excuse. Four years – much less eight years – is a long time to make meaningful impact and progress.

 

But the mistake the governors and their political parties often make is to confuse their manifestoes with the vision to achieve economic prosperity and development of their states. Politicians usually make promises that they don’t keep – those promises have become a huge joke.

You can call a vision statement a strategic plan to achieve a higher purpose. A Harvard Business School study advised leaders of organisations to always have a vision, foster a buy-in culture of the people in the organisation into that vision and share success when it is achieved. It means that from Day One, there’s a shared commitment to achieve organisational goals.

This three-step model can be adapted by state governors and our presidents in Abuja. A vision that is crafted by the governor’s team – not only by the governor – should state the road map of development with milestones, timelines, targets and resources needed to achieve the set goals. Whereas the vision is the destination, the mission statement is how to arrive at that destination – with the governor as the driver of the vehicle that is in good condition.

There will be bumps during the ride, but that should be nothing to worry about because fit-for-purpose shock absorbers would have been put in place. However, changes, where necessary, can occur so that the road map to the destination is not compromised.

What governors should worry about next is how to foster a buy-in culture of the people who voted them into office. Governors must put their people first – they should be at the heart of their development agenda.

Each state should identify where they have the greatest comparative advantage and narrow their focus to those areas, instead of becoming a jack of trades and master of none. That is how successful brands are built; each state should be known for something that would attract investment and commercial success. The whole idea is for each state to have its own revenue pipelines that are consistent with the provisions of the Constitution.

By the way, the point must be made that the Constitution as it is – before any amendments are made – does not stop state governors from creating wealth for their people. This is what led to the concept of internally generated revenue (IGR) as an additional source of revenue to what is shared in Abuja monthly to each of the three tiers of government.

The Federal Accounts Allocation Committee (FAAC) shared N1.15 trillion as January 2024 allocation to the federal, states and local government councils. But these FAAC allocations have made many state governors lazy. It is the main reason why our politics are a do-or-die affair, because whoever gets into office as governor presides over the treasury for four years, or even eight years.

Lagos State, with a population of about 24 million people, according to the World Economic Forum (WEF), is the fifth largest economy in Africa, and it ranks as a state that can survive without FAAC allocations from Abuja. How many other states can also stand up to be counted? Maybe only a handful. That’s a shame, yet we claim fiscal federalism. What does it mean anyway if states cannot fend for themselves?

I like what Alex Otti, the governor of Abia State, is doing. He has started well, and I hope he will sustain his vision to transform Abia State into our own Dubai – a centre of economic prosperity and development excellence. Akwa Ibom, Anambra, Oyo, Rivers, Ebonyi, Niger, Enugu, Kaduna and Borno States – just to cite a few examples – are also on the right path.

As John Maxwell, the American author, speaker, coach, leadership expert and pastor says, “Everything rises and falls on leadership.” Our governors should lead well. Maxwell has sold more than 24 million books in 50 languages, and he is often identified as the most popular leadership expert in the world. Our governors and other political leaders can learn from him.

Since 1999, you can only imagine what each state has collected from FACC allocations which has now increased by more than 70 per cent average since June last year. But go round the most of states, and you will discover that the development on the ground does not in any way match the allocations received in 25 years.

Yet these states are in debts, and owe salaries as well as pensions. What do they do with all the money? Is it true that state governors, as alleged, raid the black market to purchase dollars at any price each time they receive their FACC allocations, thereby making the US currency expensive and unavailable?

Could it also be true that state governors and other government officials always save up dollars for the next election cycle?

What is required by each state governor is fiscal discipline, sincerity, honesty, transparency and accountability, the trust of the people they serve and the fear of God. They must also lead by example, and stop behaving like shylock landlords – it is their responsibility to bring government closer to their people with the support of local government councils.

Why should Nigerians be hungry with the vast arable land that we have? Every state should be viable and a low hanging fruit for them is investment in agriculture to tackle food insecurity.

In my earlier article, I explained that state governments can also generate revenue from the assets they host (i.e.rental income), in addition to significant commercial opportunities in music, film and entertainment, arts and culture, real estate development, tourism and hospitality, aviation, clothing and foot wear, and technology by building ICT hubs for our vibrant youth population.

If they truly understand how destination marketing works, they will make a lot of money. They should find out how Dubai did it.

Manufacturing, industrialisation and eye-popping infrastructure are capital intensive, but they can be long-term goals. States can also collaborate through regional cooperation to achieve shared success.

Visionary leadership is critical and any governor that has a development mindset will attract investors. But agreements must be honoured, and the integrity of the investment process must never be compromised. Investors – and that includes Nigerians in the diaspora – will always follow the money as long as they are sure of the returns of their investment.

Braimah is a global public relations and marketing strategist. He is also the publisher/editor-in-chief of Naija Times (https://ntm.ng) and Lagos Post (https://lagospost.ng), and can be reached via This email address is being protected from spambots. You need JavaScript enabled to view it..

President Bola Ahmed Tinubu has taken both symbolic and structural actions to demonstrate his belief that the current high cost of government is not sustainable. The first was an announcement or executive order directing ministries, departments and agencies (MDAs) to slash the size of official delegations for foreign and domestic trips by up to 60% — an action that resonated with the mood in the country.

The second is the federal executive council’s approval to implement Steve Oronsaye’s report on the merger and scrapping of MDAs. This structural action is a baby step, albeit good for proponents of a complete overhaul of government structure. Both measures are more symbolic than substantive. However, it clearly shows that the government realises the negative impact of high government costs on economic growth and providing services to the people. I acknowledge as a fact that a US-type presidential system tends to be big by constitutional requirements. In a country where the government is both an industry and a social welfare institution, the tendency for big expansive government is high.

Beyond the symbolic actions, which have their values, there is the need for substantive actions and a complete attitudinal change towards waste and profligacy in government. We have had enough debate on the unwieldy and inefficient size and structure of government, our leaders have enough ideas and justifications to prune down the size of government. The only ingredient left to make that happen is the political will. I can imagine the government is caught between a public opinion pressure to cut costs and a constitutional imperative to assemble a huge choir.

On attitude, most government officials have yet to come to terms with the reality of our economic downturn and the need to be more disciplined, prudent and productive. The signals from high officials of government are both depressing and insensitive. For these reasons, we are focusing today on those little acts of prudence that we do every day and, over time, will make a substantial difference.

 

Political officeholders must have an attitude change in ostentatious living and craving for opulence and status within the society. It is obvious to all that the pomp and festival of political office attracts a mob of political hangers-on whose presence bloats government costs. Trimming that is a matter of personal choice and strength of character.

In our clime, politics and wealth are almost synonymous; politicians compete and outcompete wealthy people in a show of wealth and power. The blaring of sirens and long motorcades of expensive and luxury SUVs conveying our political office holders in federal, state, and LGA is almost becoming a public nuisance and separating them from the people they should serve. Cutting down on this lifestyle is long overdue. This attitude flies in the face of our current reality, where many suffer and struggle for the basics. Frank Herbert, American Writer, argues, “Good governance never depends upon laws but the personal qualities of those who govern. Government machinery is always subordinate to the will of those who administer that machinery”.

We expect attitudinal change among political officeholders on abuse of official property, including official vehicles assigned to them. Many use this as personal property and sometimes even allow family members and friends to damage these properties. We must also jettison the culture of assigning many security attachés to VIP and political office holders. We know the security situation in the country is dire but wasting the existing security personnel and apparatus on a few political officeholders when many Nigerians need these security officers to work to secure their lives and properties is deplorable. Just as political officeholders’ lives matter, so do the lives of ordinary Nigerians.

It is disheartening that some of the political officeholders are still in a permanent political campaign mood, not knowing it is time to govern. They spend 10 times the cost of a single project on project flag-off or commissioning. Corruption is still pervasive, and mismanagement of public funds exacerbates the high cost of government. Funds allocated for public projects and services are diverted, budgets are padded, and fiscal prudence is thrown to the dogs. The level of corruption among public officials is still alarming and must be challenged and exposed, and perpetrators made to account to the law for their dastardly acts.

Some structural changes and constitutional amendments are needed to cut down on the cost of governance in Nigeria. Cutting down on our bloated bureaucracy is essential to save costs. This is the aim of implementing the Oronsaye report. The government should reduce the number of political appointees and close inefficient public enterprises that incur losses that the government eventually covers. We cannot preach the message of fiscal prudence when the number of political appointees gets bigger every year.

Efforts have been made in Nigeria to address the high cost of governance, such as implementing cost-cutting measures and promoting transparency. However, achieving substantial changes requires a comprehensive and sustained approach, including structural reforms, anti-corruption efforts, and a focus on improving public sector efficiency. Addressing the issue of high governance costs is crucial for ensuring that resources are allocated efficiently to promote economic development and enhance the standard of living for the Nigerian people.

More disheartening is the fact that the high cost of government has not translated to administrative efficiency, quality services or high policy outcomes. Nigeria’s government effectiveness index for 2022 is -1.04, one of the worst globally. The index of government effectiveness captures the perception of the quality of public services, the effectiveness of implementing government decisions, the innovation capacity of political leadership, public healthcare, and public schools, amongst others. The maximum score is +2.5, and the minimum score is -2.5.

 

Our budget and expenditure on critical sectors such as education and healthcare, by percentage, has not improved over the years. The spending has also not delivered on indices. Our maternal mortality ratio is still at 814 per 100,000, while the mortality rate for infants and children under five years is 70 and 104 per 1,000 live births, respectively. This is one of the highest globally.

I recently had a two-hour discussion with the Minister of Health, Prof Ali Pate, and the Minister of State for Health, Dr Tunji Alausa. Their clarity of vision, grand strategy and commitment have raised my hopes and expectations for the healthcare sector. Watch out for a different trajectory in this sector in the immediate to near future.

The education sector indicators are similar. Government expenditure on primary education for the year 2022 is below 0.5%, the ratio of trained teachers in primary school is 62.18, and the pupil-trained teacher ratio is 49.1, all below the West African regional average. According to the USAID dashboard, the enrollment rate and government expenditure at secondary schools are also below the regional average. This abysmal data is coming out of the same country that borrows to fund the lifestyle of government officials. Nigeria and Nigerians are stranded between poverty, insecurity, dearth of infrastructure and profligacy of government officials. These statistics speak volumes and are better than any propaganda that means nothing to the average citizen.

Addressing Nigeria’s high government cost requires a multi-faceted approach involving structural reforms, fiscal responsibility, attitudinal change and increased transparency. I will articulate a few solutions that we may have to consider in reducing the cost of government. Apart from the obvious answer of fighting corruption, wastage, profligacy and implementing measures to enhance transparency in public financial management, procurement, and project execution to curb corruption, the government should first undergo a more thorough public sector review than just adopting some part of a report authored over ten years ago and may not fit in with our current realities. The government should comprehensively review its structure, eliminating duplications and streamlining ministries, agencies, and parastatals to reduce bureaucracy. This is urgent.

 

Second, implement a rational and transparent salary structure for public officials, aligning remuneration with economic realities and the country’s financial capacity and regularly reviewing the same and ensuring competitiveness. Third, introduce cost-cutting measures in government operations, such as reducing unnecessary travel expenses, minimising overhead costs, and optimising resource allocation. Fourth, embrace e-government through technology to enhance efficiency in government processes, reducing paperwork and associated costs. Fifth, develop a sustainable debt management strategy to reduce reliance on borrowing.

Sixth, implement and enforce fiscal responsibility laws to ensure that government spending aligns with budgetary allocations and regularly review and update budgetary priorities to reflect changing economic conditions and development needs. Finally, encourage citizen participation and oversight through platforms allowing the public to monitor government spending, hold officials accountable, and foster a culture of fiscal responsibility and transparency through public awareness campaigns.

 

Implementing these solutions requires strong political will, commitment from government officials, and collaboration with various stakeholders. Mr President has started to address the elephant in the room of inefficient government structure but should take a step further by empanelling full e-governance. He would also gain the trust of the people and mileage by leading by personal example on attitudinal change of government officials. The country just needs champions of fiscal discipline and probity.

 I am a fan of the WWE - Smack Down Live and RAW. I used to find such combat sports very violent and irritating, but I later found out that there are certain qualities these wrestlers exhibit that we Christians and everybody that wants to be successful need. And they are; Staying focused and alert, self-confidence, hopeful, courageous, persistence, resistance and tactical. Like John Cena will always say, “Never Give Up!” And the current Universal Champion and my favourite, the Big Dog Roman Reigns tells you to, “Believe That!” And he proves it in the ring afterwards. His is one of the most courageous human beings that I know. These men and women truly hardly give up in a fight. Even with deep pains and blood sometimes, they still fight on. They always believe it will not be over until it is over. And sometimes after a bad fight they still come back for the next match with bandages and injuries. They just keep fighting on. But I still find boxing and kick-boxing too rough. I hardly look at them at all. Now, we are not going to discuss WWE or combat sports here. No. We want to talk about wrestling, struggling with God and it simply means faithfully and tenaciously holding onto God’s promises and his words until you see them come to pass in your life or in your situation. It is holding onto God until you receive an answer to your request. It is also refusing to take no for an answer on what you know that is God’s will.  There are levels you can never attain in God until you learn how to ‘struggle’ with him.  This involves drawing God’s full attention to a particular situation or need, convincing him why he should do that, and hanging on him until he performs what you asked him to do. This is sure a very serious issue.  That is why almost every one that wrestled with God in the bible was on a matter of life and death or about destinies.  Wrestling with God demands for strength, courage, faith, time and patience, but when successful, the reward is always sweet, enduring, glorious and monumental. Let us see few examples of those that wrestled with God in the bible:

Abraham

   Look at what happened between God and Abraham, when the former was going to destroy Sodom and Gomorrah. Abraham on hearing the impending divine judgment went into an immediate intercession to extricate his nephew and his family from the destruction.  He struggled, interceded and ‘wrestled’ with God to achieve this.  Read Genesis 18:22-33, “The two other men went on toward Sodom, but the Lord remained with Abraham for a while, Abraham approached him and said, ‘will you destroy both innocent and guilty alike?  Suppose you find fifty innocent people there within the city – will you still destroy it, and not spare it for their sake?  Surely you wouldn’t do such a thing, destroying the innocent with the guilty.  Why, you would be treating the innocent and the guilty exactly the same!  Surely you wouldn’t do that!  Should not the judge of all the earth do what is right?

   ‘And the Lord replied, ‘if I find fifty innocent people in Sodom, I will spare the entire city for their sake.’  Then Abraham spoke again.  ‘Since I have begun, let me go on and speak further to my Lord, even though I am but dust and ashes.  Suppose there are only forty-five, will you destroy the city for lack of five? Will you destroy the city for lack of five?’   And the Lord said, ‘I will not destroy it if I find forty-five.’  Then Abraham pressed his request further.  ‘Suppose there are only forty?’ And the Lord replied, ‘I will not destroy it if there are forty?’  ‘Please don’t be angry, my Lord,’ Abraham pleaded.  ‘Let me speak – suppose only thirty are found?’ And the Lord replied, ‘I will not destroy it if there are thirty.’ Then Abraham said ‘Since I have dared to speak to the Lord, let me continue – suppose there are only twenty?’ And the Lord said, ‘then I will not destroy it for the sake of twenty.’ Finally, Abraham said, ‘Lord, please do not get angry; I will speak but once more, suppose only ten are found there?’ And the Lord said, ‘Then, for the sake of the ten, I will not destroy it.’ Then the Lord went on his way when he had finished his conversation with Abraham, and Abraham returned to his tent.”

    Wow! A master intercessor indeed! This was a very complex targeted intercession. It was indeed a ‘wrestling match’.  It’s unfortunate that ten righteous persons could not be found in the whole of Sodom, otherwise, this great intercessor would have successfully saved the whole city. Can we find any righteous people around us today? May God help us! This should be a model for any would-be intercessor. You must be patient, persistent, humble, alert, focused and articulating.  Abraham persisted and struggled until he was able to save his nephew Lot and his family from that destruction.  That was a typical wrestling match with God.  Abraham did not give up until he achieved his objective. What is it that you want from God? What do you believe him for? It is time to turn it into a spiritual wrestling match. Yes.  Fight for it! You have to fight as if your whole life depends on it. And in most cases, it does. True. We are in a war.  Life is war. Christianity is war. Success is war. If you don’t win that battle you will become a victim or a casualty - your life, your career, your future, your family, your destiny, your joy and prosperity may be taken away from you forever. You must get up now and fight. You must wake up and pray it out!  Call out those things you need that do not exist into existence. Yes, all things are possible! When you refuse to give up, God will not just bless you, but will also turn you into a blessing to humanity. Learn more from my book / audiobook Power of Midnight Prayer by Gabriel Agbo. Please, we will continue. Share this message with others. God bless you!

In today's political landscape, it is a rarity to find a leader who upholds the principles of meritocracy, justice, and fairness in the governance of a state. However, in Enugu State, Governor Peter Mbah has (so far) demonstrated an uncommon affinity for these ideals in his approach to appointments and his handling of administrative issues. His emphasis on selecting commissioners and cabinet members based on merit rather than political connections or considerations has set a new standard for governance in the state. Additionally, his objective handling of the recent complaints brought by the management of Enugu State College of Education Technical (ESCET) showcases his commitment to upholding justice, even if it means making difficult decisions.
 
The Governor's inclination to meritocracy is exemplified in his approach to appointments. Unlike many political leaders who succumb to pressures from politicians and stakeholders, he has shown a refreshing disregard for such sentiments. A glaring proof of this point is his selection of Hon. Aka Eze Aka as the Commissioner for Information and Communication. It resonates his dedication to merit-based appointments.
 
Hon. Aka's appointment, along with other commissioners and cabinet members, was strictly based on merit. Gov. Mbah recognized his exemplary track record, expertise, and commitment to public service. This approach has resulted in a diverse and competent team of individuals who are genuinely passionate about driving positive change in Enugu State.
 
Mbah's adherence to meritocracy not only boosts the efficiency and effectiveness of his administration but also inspires faith and trust in the government's ability to deliver results. By focusing on selecting capable individuals rather than playing politics, he has sent a powerful message to the people of Enugu State that their welfare and progress matter above all else.
 
Interestingly enough, this extends beyond the realm of appointments. In a recent incident involving ESCET, the Governor displayed firm objectivity in dealing with the matter. Instead of yielding to external pressures or personal biases, he allowed an Investigative Committee to thoroughly examine the issue and make recommendations, assuring a fair and unbiased approach.
 
His fearless approach in easing off those found guilty showcases his commitment to justice without fear or favoritism. This action underscores his belief that everyone, regardless of their position or affiliations, must be held accountable for their actions. In a time when corruption and impunity are persistent challenges, Mbah's handling of the ESCET issue sends a strong message that those involved in wrongdoing will face consequences, regardless of their status.
 
For those who are not aware of the situation which Gov. Mbah quelled in the institution, a little explanation will suffice.
 
Recall that in recent times, the Enugu State College of Education Technical has been in the news for all the wrong reasons. This unfortunate situation has been due to the unjust and malicious attacks on the Provost of the school, Dr. Stella Ekwueme, and it is high time to set the record straight.
 
The Provost has been a beacon of hope and progress for the school since her appointment. Her commitment to excellence and her love for the advancement of the institution have been nothing short of remarkable. Under her leadership, ESCET has witnessed unprecedented growth and development, with improvements in infrastructure, academic programs, and overall staff and student welfare. Her efforts have not gone unnoticed, and she has gained the respect and admiration of the entire ESCET community.
 
However, amidst all the progress and achievements, Dr. Ekwueme has been the target of a malicious and relentless smear campaign allegedly orchestrated by the erstwhile Registrar of the school. The immediate past Registrar, who was rightfully sacked for his untoward actions in office, and also for maligning the Provost, has refused to accept the consequences of his actions and has since been on a vindictive mission to tarnish her good name and reputation.
 
The unjust attacks have taken a toll on her personally and have also caused unnecessary distraction and disruption within the school. It is clear that the former Registrar's sole objective is to discredit her and undermine the progress made under her leadership. His actions have not only been detrimental to the reputation of ESCET but have also posed a threat to the stability of the institution.
 
It is important to note that the decision to sack the Registrar was not made lightly. An independent panel of enquiry was set up to investigate the allegations against him, and after a thorough and impartial assessment of the evidence, it was determined that he had indeed engaged in misconduct and breach of trust. The panel's recommendation for his dismissal was an indisputable pointer to the gravity of his actions and a necessary step to redress and uphold the integrity of ESCET.
 
Since his dismissal, the Registrar has continued to wage a malicious campaign against the Provost, fabricating false allegations and spreading baseless rumors in an attempt to taint her reputation. It is clear that his actions are driven by personal vendetta and a refusal to accept responsibility for his own wrongdoings.
 
In the face of such attacks, the ESCET community has stood firmly in solidarity with the Provost and rejects his malicious smear campaign.
 
It is also important for the Enugu State government and relevant authorities to take a stand against the malicious actions of the dismissed Registrar and to ensure that the Provost is protected from further unjust attacks. It is crucial that the integrity and reputation of ESCET are preserved and that those who seek to undermine the progress of the institution are held accountable for their actions.
 
In another interesting development, two weeks ago, it came to light that the College has taken the bold step of terminating the services of at least 95 staff members due to alleged irregularities in their recruitment process. This development has understandably caused tension and unrest among the affected employees. While it is indeed disheartening to witness job loss, it is important to acknowledge that Gov. Mbah's commitment to maintaining transparency, fairness, and accountability within institutions of the State should never be compromised. It is our duty as responsible citizens to support efforts aimed at upholding these values, even when they result in difficult consequences.
 
Government bodies must adhere to strict employment protocols and ensure that recruitment processes remain fair and unbiased. In light of this, it is crucial to address the criticism levied against the State government for the dismissal of these staff members. It is unjust and short-sighted to undermine their actions solely due to the prevailing economic hardships experienced countrywide. Mbah's government don't seem to operate on emotions; it inclines more on principles that are paramount to upholding the rule of law and maintaining credibility.
 
The irregular recruitment leading to the termination of the 95 ESCET staff members is a clear violation of established employment regulations. In adhering to these protocols, the current government in Enugu shows its determination to maintaining standards and fostering a system that prioritizes meritocracy and equal opportunity. By holding institutions accountable for their actions, it ensures that the trust placed in them by the public is not compromised.
 
Undoubtedly, the economic situation in the country is dire, casting a shadow of uncertainty over the lives of citizens. However, it is vital to remember that the responsibility of the government extends beyond merely appeasing the public sentiment. Mbah at his inauguration was placed under oath of office and tasked with protecting the integrity of institutions, ensuring that they operate within legal boundaries, and upholding the principles of fairness and justice. And it doesn't look like he will betray it.
 
May daylight spare us!
 
✍️ Jude Eze.

Our impact on Nigerians 'll define our legacy, says VP Shettima - Vanguard  News


 

Vice President Kashim Shettima has disclosed that President Bola Tinubu’s administration is facing the difficult and challenging task of fixing the problems confronting Nigeria.

Shettima said the current administration has no plans of deceiving Nigerians or making life more difficult for citizens.

This was as he assured that the current economic challenges confronting the country would soon be over.

 

He spoke yesterday in Lagos during the 29th pre-Ramadan lecture organised by the University of Lagos Muslim Alumni, UMA, with the theme, “Economic Reforms for Nigeria: Challenges and Prospects for the Future.”

Represented by his Special Adviser on Political Matters, Dr. Hakeem Baba-Ahmed, the Vice President urged Nigerians to react to the current realities “in a responsible and mature manner.”

He said: “Yet, my brothers and sisters, we do not have the choice of continuing in the direction that brought us where we are today. We have to fix this country, and failure to do this is not an option. All the options we have are difficult and challenging, and they are, without a doubt, more telling on the poor. If there are easier and reliable alternatives to the policy choices we have adopted, we would have adopted them.

“Our administration does not plan to make the lives of Nigerians more difficult. Nor do we intend to deceive fellow citizens that the change in direction and the expected outcome can be achieved without pain or sacrifices.

“We are also acutely aware that ours is a set of related Nigerian problems, and the solutions we seek must be genuinely informed by a Nigerian context, not the experiences of others or the preferences of special foreign interests which are removed from consequences of mis-steps or errors of judgement.

“We expect that Nigerians should express their feelings over our circumstances in a responsible and mature manner. We are also a deeply religious people, and we believe in the powers of faith and prayers.”

[DailyPost]