FEATURES

FEATURES

Seun Anikulapo-Kuti, the Afrobeat musician, has berated President Bola Tinubu over his decision to remove fuel subsidy.

He said contrary to the President’s claim that the removal of fuel subsidy was a “tough” decision he made for the overall interest of the country, it was a “wicked decision” that undermined the welfare of Nigerians.

Kuti slammed the Presidency’s decision to buy a $150 million jet while the educational sector is underfunded. He argued that the money spent on acquiring a new jet for the President was enough to build and run 10 primary schools for 20 years.

Speaking during a recent Instagram Live session, the outraged singer asked, “Who donated for the $150 million jet for Tinubu? Who did they ask for donations?

“That $150 million do you know how many schools it will build? Or how long it will run a primary school? 10 good primary schools would be run on that money for at least 20 years. 10 good primary schools would be built and run, that will educate ten generations of African people,”
 Kuti added.


He continued: “The President cannot tell us that this petrol matter is not in his control. He is the President and Minister of Petroleum. They say they take tough decisions but there is no tough decision taken here. President Tinubu took a wicked decision, this whole subsidy and floating the dollar, there is nothing tough about it.”

Akande explained that the establishment of the refinery introduces a conflict of interest. He pointed out that the NNPCL’s primary business involves importing refined petroleum—a highly lucrative segment and prone to corruption. “The main business of NNPCL is importing refined petroleum. Dangote’s refinery threatens this lucrative segment, which is why there’s so much drama and conflict between NNPC and Dangote Refinery,” Akande said.

 

He further criticized the ongoing dispute between NNPC and Dangote Refinery, attributing it to the disruption of entrenched interests benefiting from NNPC’s long-standing monopoly on refined petrol imports. “Dangote has challenged the entrenched interests that have benefited from NNPC’s sole importation of refined petrol for decades,” Akande added.

 

Akande also expressed surprise at the lack of decisive intervention from the Nigerian President. “I’m surprised that the President hasn’t addressed this issue more directly to restore confidence in the regulatory process,” he remarked, calling for presidential action to address the regulatory challenges and restore integrity to Nigeria’s petroleum sector.

Former Nigerian President Olusegun Obasanjo has revealed that the Nigerian government provided $20 million to support Angola’s fight for liberation. He made this known during the commemoration of Angola’s National Founder and Hero’s Day in Lagos, an event held on September 17, 2024.

The event, themed “Pan-Africanism in the Political Course by Agostinho Neto,” was organized by the Embassy of Angola in Nigeria to honour Angola’s first President, Agostinho Neto, who declared the country’s independence on November 11, 1975.

In his address, Obasanjo highlighted the critical role played by former Cuban President Fidel Castro in Angola’s liberation and praised his significant contributions. He emphasized Nigeria’s financial support to Angola during the struggle, stating, “The Nigerian government supported the Angolan government with $20 million in their fight for liberation.”

Obasanjo also called for stronger pan-African economic ties, stressing that Africa’s future depends on economic unity. “As far as Pan-Africanism is concerned, as long as we are economically weak, we are going nowhere, and we can’t do it alone,” he said.

He further emphasized the need for Africa to achieve economic liberation, building on the foundation laid by leaders like Neto. Obasanjo urged African nations to focus more on economic Pan-Africanism, noting that while political and cultural unity has made strides, economic emancipation is crucial for the continent’s growth.

Angolan Ambassador to Nigeria José Zau highlighted Neto’s significant impact on African brotherhood and praised Lagos for its historical connection to the late president. He recalled that the University of Lagos honoured Neto with a Doctor Honoris Causa in the 1970s during Obasanjo’s regime, cementing his place in African political history.

Nigeria’s Foreign Affairs Minister, Yusuf Tuggar, reaffirmed the strong bond between Nigeria and Angola. Represented by Olamide Adediro, he stated that Nigeria is committed to deepening the partnership with Angola, working together to overcome challenges and achieve Africa’s collective aspirations.

Elon Musk’s brain-chip startup, Neuralink, has received the US Food and Drug Administration’s “breakthrough device” designation for the company’s experimental implant, Blindsight.

The device, called ‘Blindsight,’ is designed to restore vision in individuals with complete or partial blindness, including those with non-functional optic nerves.

“We have received Breakthrough Device Designation from the FDA for Blindsight.

“Join us in our quest to bring back sight to those who have lost it. Apply to our Patient Registry and openings on our career page,” Neuralink wrote on its X page on Tuesday.

 

According to Reuters, the FDA awards its breakthrough designation to medical devices that treat or diagnose life-threatening conditions, expediting their development and review.

Musk also announced the update on his X social media platform, highlighting Blindsight’s potential to restore vision in even the most severe blindness cases.

“The Blindsight device from Neuralink will enable even those who have lost both eyes and their optic nerve to see.

 

“Provided the visual cortex is intact, it will even enable those who have been blind from birth to see for the first time.

“To set expectations correctly, the vision will be at first be low resolution, like Atari graphics, but eventually it has the potential to be better than natural vision and enable you to see in infrared, ultraviolet or even radar wavelengths, like Geordi La Forge.” Musk wrote on X.com.

Neuralink, co-founded by Elon Musk in 2016, specialises in developing innovative brain-computer interfaces to transform treatments for neurological disorders.

Neuralink’s technology includes a brain implant that reads neural signals and wirelessly transmits them to external devices, including computers and mobile devices.

Business World reports that Neuralink is also developing an implant that enables paralyzed individuals to control digital devices with their thoughts.

Neuralink is also reported to be conducting a clinical trial with three participants to evaluate the device’s effectiveness in aiding individuals with spinal cord injuries.

It was widely reported in August 2024 that Neuralink’s brain-computer interface was successfully implanted in a second patient, who is now controlling video games and creating 3D designs using only their thoughts.

The Ogun State Police Command has arrested a man named Tahiru Hamidu for allegedly engaging in unlawful sexual intercourse with a mentally unstable married woman (name withheld) in the Owode community, located in the Obafemi-Owode Local Government Area of the state.

The spokesperson for the state police command, Omolola Odutola, confirmed the arrest to our correspondent on Tuesday.

PUNCH Metro learnt that the suspect allegedly exploited the survivor’s condition to engage in non-consensual sexual intercourse on multiple occasions before he was apprehended by the men of the Owode Egba Division on September 12, 2024.

The suspect was also accused of threatening to murder the survivor’s brother-in-law, known only as Shofolahan, if he did not permit him to continue raping his brother’s wife.

On one occasion, Hamidu, a suspect from Northern Nigeria, was accused of luring the survivor to a cassava plantation, where he allegedly raped her multiple times before releasing her.

Odutola said, “The survivor is mentally incapacitated. The brother-in-law who reported the case claims that the suspect threatened to kill him to prevent him from stopping the crimes. The suspect is accused of repeatedly engaging in sexual acts with the survivor.

“The suspect is also accused of luring the survivor to a cassava plantation in the community, where he allegedly engaged in non-consensual sexual intercourse with her repeatedly.


“He began threatening the brother-in-law, warning him to stop preventing him from having sexual intercourse with the survivor and demanding that he hand her over to him.”

Odutola added that the investigation into the crime was ongoing following the suspect’s arrest.

PUNCH Metro reported a similar incident in March 2024, where a 26-year-old man named Usman Bube was arrested for allegedly attempting to rape his pregnant neighbour’s wife at the Ogatalo Fulani Camp in the Imala area of the state.

The suspect allegedly broke into his neighbour’s apartment, where he found the pregnant woman sleeping, and attempted to commit the crime, knowing that her husband, Muhammed Awwalu, had travelled out of the community, leaving his wife alone in the apartment.

When the suspect’s repeated attempts to forcefully engage in unlawful sexual intercourse with the woman failed, he allegedly pulled out a knife and tried to silence and overpower her.

However, he was apprehended by other neighbours before he could succeed.

Fraud involving computers, mobile devices, and point-of-sale (POS) systems dominated fraudulent activities across Nigeria during the second quarter of 2024.


This was revealed in the latest fraud report by the Financial Institutions Training Centre (FITC), which recorded a total of 11,532 fraud cases in the period under review.


According to the report, computer/web fraud, mobile fraud, and POS-related fraud emerged as the most frequent, continuing a pattern observed throughout 2023 and into the first quarter of 2024.

The total value of fraud in the second quarter was reported at ₦56.3 billion, marking a significant rise from the ₦34.8 billion documented in the first quarter of the year.

Of this amount, ₦42.6 billion was successfully stolen by fraudsters, while financial institutions managed to recover ₦13.7 billion.

Mobile fraud, including fraud carried out via mobile apps and internet banking, accounted for 33.4% of the total cases, making it the largest category.

POS-related fraud followed closely, contributing 24.6% of cases, while web-based fraud represented 16.9% of the total fraud incidents.

The report also highlighted computer-based fraud as a growing concern, showcasing the increasing threat posed by cybercriminals within Nigeria’s financial landscape.

FITC’s findings indicated that bank branches bore the brunt of the losses, with 95% of the total fraud value occurring at the branch level.

Despite advancements in technology, fraud continued to be perpetrated both by external actors and insiders, with 49 employees being dismissed for their involvement in fraudulent activities during the quarter.

The report also ranked fraud by magnitude, revealing that bank branches lost approximately ₦54 billion, which accounted for a staggering 95.63% of the overall fraud amount.

Web-based fraud followed with losses of ₦1.2 billion (2%), while POS and mobile fraud each contributed around 1%, resulting in ₦651 million and ₦547 million losses, respectively.

Notably, the report observed a 31.8% decline in card-related fraud. However, cheque and cash fraud surged significantly, leading to substantial financial losses.

This rise in cash-related fraud underscored that criminals are still exploiting traditional financial tools to their advantage.

FITC stressed the urgency of leveraging advanced technology, including artificial intelligence, to combat the rising complexity of fraud in Nigeria’s financial sector.

The report called for proactive measures, such as bolstered security systems and continuous training of staff, as critical to reducing fraud.

As fraudsters exploit both modern and traditional channels to target financial institutions, FITC emphasised the need for tighter regulatory oversight and the adoption of cutting-edge technology to protect the financial sector from future threats.

The report also disclosed that commercial banks lost a total of ₦42.6 billion to fraud and forgeries between April and June 2024.

The immediate past Governor of Kogi State, Yahaya Bello, has revealed why he surrendered to the Economic and Financial Crimes Commission, EFCC, after a prolonged snub of the anti-graft agency’s invitation to answer for financial impropriety allegations levelled against him.

 

A statement on Wednesday by Yahaya Bello’s Media office Director, Ohiare Michael, made available to newsmen, stated that Bello “willingly surrendered to the anti-graft agency because the former Kogi governor has great respect for the rule of law and supports President Tinubu’s fight against corruption in the country.”

 
 

He said: “This decision was made after due consultations with his family, legal team and political allies.

“The former Governor, who has great respect for the rule of law and constituted authority, had, all the while, only sought the enforcement of his fundamental rights to ensure due process.

“The case has been before a competent court of jurisdiction, and Alhaji Yahaya Bello had been duly represented by his legal team at every hearing.

“It is important for the former Governor to now honour the invitation of the EFCC to clear his name as he has nothing to hide and nothing to fear.

“The former Governor believes firmly in the efforts of the administration of President Bola Ahmed Tinubu to place Nigeria on the path of sustainable economic development and supports the fight against corruption in the country.

“It is on record that he was the first Governor of Kogi State to put in place an anti-corruption mechanism to check graft and ensure that the resources of the State work for the people of the State,” the statement read.

 

FORMER President Olusegun Obasanjo, yesterday, revealed how the former military Head of State, Gen. Abdulsalami Abubakar (retd), almost denied Nigeria a $280 million telecommunications deal.

 

Obasanjo said when Nigeria was about to transit from landline telephones to mobile phones, some major telecommunication companies approached the country seeking to provide mobile lines for the citizenry, but Abubakar wanted to award the deal to his friends for $3 million.

The former President, however, said he suggested that the contract be auctioned and the highest bidder awarded the contract, leading to the $280 million sale.

He spoke at the launch of a book titled ‘The Catalyst: Nigerian ICT Evolution through a Journalist’s lens,’ authored by an immediate past Editor of The PUNCH Newspapers, Mr Dayo Oketola, in Lagos.

Speaking at the event, Obasanjo said: “The story of telecommunications, particularly mobile telecommunication, is a very interesting one. Before mobile telecommunication, we had spent a lot of money, we had all sorts of companies invited from America, France and even from Britain, but we did not get more than 500,000 lines. People had to queue at the telephone kiosk to call their loved ones abroad. And then, of course, the mobile telephone age came in.

“When it came in, my predecessor in office was trying to give it away, I think, to their friend for $3 million. Then we said, what we would do was to auction it. The three that came in first, I think, paid $280 million for the line. $280 million for something about to be given away for $3 million. That was the first thing we did. Not only that, we achieved competition. 

“The three of them were competing. And, of course, the one that had the upper hand in terms of spread, I think, was MTN, followed by Glo. And then, there was Econet. They are now Airtel. And then, of course, later on, we had the fourth one, Etisalat. When Etisalat came, I told them the last one we did was $280 million. We told Etisalat to pay $450 million. They did.

“When they paid $450 million, the ball went in the post and then we were playing. That was how we got money to do what we did at the time we did it. That opportunity can still be made available. The money to develop Nigeria is out there, but that money will not come in unless we create a conducive atmosphere for that money to come in.

 

“What we did or what Nigeria has done in the good days when things were going well, are still there and can still be done today only if we put ourselves and we are honest to ourselves. We have to show character and attitude.”

In his remarks, President of the Nigerian Guild of Editors, NGE, Mr Eze Anaba, said: “It is great to see that an editor, despite the huge task of meeting deadlines, writing stories that would sell his paper, can sit down and write a book. I am here to say I appreciate Oketola’s effort and also honour him. It is an honour and privilege to be here for the launch of a book written by a respected and seasoned editor who has contributed hugely to shaping opinions through his paper. As an editor, he ensured that his readers were well-informed and educated. He has always been at the forefront of truth-telling, balancing the line between facts and analysis to ensure that readers are well-informed, engaged and sometimes even challenged.

“This book is a testimonial to his years of dedication to journalism. It captures insights, stories and perhaps some untold experiences that have shaped his career. It is an exploration of complexities through the lens of someone who has been on the frontline of news delivery. As we gather to celebrate this significant achievement, let us take a moment to acknowledge the efforts that went into writing this book. For an editor whose schedule is very tight and works round-the-clock, I think this book is very commendable.”

Notable dignitaries present at the launch included Minister of Information and National Orientation, Alhaji Mohammed Idris, represented by Commissioner for Information and Strategy in Lagos State, Mr Gbenga Omotoso; former Governor of Rivers State, Mr Rotimi Amaechi; Provost of the Nigerian Institute of Journalism, NIJ, Mr Gbenga Adefaye; Chairperson of the Editorial Board of The Nation Newspapers, Mr Sam Omatseye.

Former President Olusegun Obasanjo, has said that Africans do not appreciate past leaders who have contributed to the development of their country.

Obasanjo spoke at an event organised by the Angolan community in Lagos State to mark Angola’s 2024 National Founder and Hero’s Day.

The annual celebration takes place every September 17 to honour the birth of Angola’s first President, Dr. Agostinho Neto, a writer and politician born on September 17, 1922, who played a key role in securing Angola’s independence from Portugal.

Obasanjo, who spoke on the topic: “Pan-Africanism in the Political Course of Agostinho Neto,” emphasized that having achieved political independence, Africa must now focus on attaining economic freedom. He also bemoaned the tendency of Africans to forget their past leaders.

Speaking further, he noted that although pan-Africanism started as an ideology, it unfortunately became a political movement while neglecting the continent’s economic issues.

He said, “One of the things that we tend to do in Africa is to forget the past and our leaders who have made numerous contributions we are enjoying. We should thank you most sincerely.

“Pan-Africanism is a movement and ideology. Unfortunately, it emphasises solidarity in our coming together, and later on, it becomes political. It pays more attention to political movements than economic reasons. This is where I see a cavity in the form of Pan-Africanism ideology.”

Troops have rescued 20 kidnap victims in Birnin Gwari local government area of Kaduna State just as it neutralised four bandits in two operations in Birnin Gwari and Giwa local government areas of the State.

The Kaduna State Government, which disclosed this citing a security report, said troops of Operation Forest Sanity had embarked on special clearance operations in the general area of Alawa in Birnin Gwari LGA.

Overseeing Commissioner, Ministry of Internal Security and Home Affairs, Samuel Aruwan, in a statement on Tuesday, said the troops set up as a blocking force, sighted bandits movement around Kwaga, and after a brief pursuit, neutralized two of them.

The statement said: “The following items were recovered: Two AK-47 rifles, Three magazines, Three motorcycles, One Baofeng Radio. In the second report, troops of Sector 6 Operation Whirl Punch conducted fighting patrols around Nakwakina village, Giwa LGA. Following credible intelligence, the troops laid ambush along a likely terrorists’ withdrawal route.”

“The terrorists were eventually sighted and engaged, resulting in two neutralized as others escaped with bullet wounds. The troops combed the area and recovered two motorcycles, one cutlass and one mobile phone,” it added.

The statement explained that in another mission, troops of Sector 3, Operation Whirl Punch deployed along Kwaga-Polewire Road, Birnin Gwari LGA, responded to a distress call and intercepted bandits who had kidnapped locals near Polewire village. “The bandits fled from the scene on sighting the troops, who promptly rescued the 20 kidnapped victims and reunited them with their families.”

Reacting to the development, Kaduna State governor, Uba Sani, commended the troops for the successful operations.