The fate of the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Betta Edu, remains uncertain two months following her suspension amid allegations necessitating an Economic and Financial Crimes Commission (EFCC) probe.

Despite the EFCC concluding its investigation and submitting an interim report to the Presidency, Nigerians are yet to learn of any decisive action regarding Edu’s case.

Reports from Daily Trust indicate that the EFCC’s investigation, initiated after Edu’s suspension on January 8, has culminated in a recommendation to prosecute the suspended minister.

The submission of the interim report has sparked speculation on the next steps, particularly with some high-profile individuals and political figures rallying for leniency towards Edu.

Senate President Godswill Akpabio, among other influential personalities, is allegedly exerting pressure on President Bola Tinubu, advocating for a “soft landing” for Edu.

In contrast to Edu’s contentious situation, Halima Shehu, the suspended coordinator of the National Social Investment Programme Agency (NSIPA), appears to have been absolved of wrongdoing by the EFCC’s interim findings.

The source said, “The leaked documents about releases by NSIPA under Halima have been scrutinised by the EFCC. Those expenses are found to have followed standard procedures because all relevant parties endorsed their signatures.

“The monies were discovered to have been released for the purposes they were earmarked. Besides, Halima only continued the disbursements from where her predecessor stopped. And this was to avoid litigations, because the contractors had presented certificates of no objection.”

Another source said, “But a strong personality in the Villa was not happy with the report from the EFCC and therefore told those who brought it to take it back and review the report further.”

The EFCC spokesman, Dele Oyewale, spoke with the platform about the claim that an interim report had been submitted to President Tinubu and said an investigation into the matter is still ongoing.

Asked when the investigation would be concluded, considering that credible sources had confirmed the submission of an interim report, Oyewale declined further comments.

The spokesman of the Senate President, Eseme Eyiboh, when reached out to on the allegation that Akpabio was working hard to secure “a soft landing” for the suspended humanitarian minister, said, “Betta Edu is never in the legislature and she is not a minister appointed by the president of the senate.

“I recall that she was suspended by her appointer and not the president of the Senate. This was intended to pave way for an official public service procedure. There is no way the president of the Senate could have or can influence the determination of the fate of any minister and particularly Dr Betta Edu.”

Heirs Holdings, a leading African investment company dedicated to improving lives and transforming Africa through strategic long-term investments, announced the launch of its new subsidiary, Heirs Technologies Limited, with an ambition to empower Africa's digital transformation through innovative and locally tailored solutions.

Heirs Technologies endeavours to provide value added services that capitalise on top-tier expertise while guaranteeing accessibility locally. The company's range of offerings include IT consulting, which encompasses advisory services, business transformation, system integration, licencing, and partnerships. Additionally, Heirs Technologies will offer various managed services covering IT operations and business process outsourcing.

To achieve its vision of propelling Africa to the forefront of the global technology landscape, Heirs Technologies will strategically invest in cutting edge technological solutions and develop platforms that foster collaboration among diverse stakeholders. Central to the company’s plans is to develop local capacity through meticulously tailored skills development programmes.

Heirs Holdings’ Group Chief Executive Officer, Emmanuel Nnorom, expressed his excitement about the launch while reiterating the company’s mission, "We are embarking on a journey fueled by innovation and driven by purpose. Our mission isn't solely about creating products; it's about shaping the future of technology, one groundbreaking solution at a time."

The launch of Heirs Technologies reaffirms Heirs Holdings' steadfast commitment to invest in sectors that provide long-term returns and have the ability to transform Africa’s economy. Heirs Holdings has been a pivotal player in various sectors critical for Africa’s development including financial services, energy, power, healthcare, real estate, and hospitality.

"The introduction of Heirs Technologies marks a significant milestone in our journey towards accelerating progress for future generations across Africa," said Tony O. Elumelu, CFR, Founder & Group Chairman, Heirs Holdings. "Technology has the power to catalyse development, and we are committed to harnessing this potential to unlock new innovations that will improve lives and transform our continent.”

For more information about Heirs Technologies, please visit www.heirstechnologies.com

Heirs Holdings is a leading African investment company committed to improving lives and transforming Africa through strategic investments and sustainable development initiatives. With a diverse portfolio spanning multiple sectors, including financial services, energy, power, healthcare, real estate, hospitality and technology, Heirs Holdings is dedicated to driving inclusive growth and building a prosperous future for Africa.

Last modified on Monday, 11 March 2024 08:27

Following the adoption of red berets as an insignia by the supporters of Governor Lucky Aiyedatiwa, some residents of the state have been raising eyebrows.

Supporters of the governor, under the umbrella of Lucky Aiyedatiwa Campaign Organisation Foot Soldiers (LACO-FS), have been wearing red berets as their symbol.

While inaugurating the group, Aiyedatiwa was seen putting on the beret, which has been described as a symbol of cultism.

 

With the development causing uproar within the social media space of the state, some people stated that such a move will further embolden cultists in their activities across the state.

They also stated that cultists can use the avenue to perpetrate crime by disguising themselves as supporters of the governor.

Speaking on the issue, a public affairs analyst, Oluwagbega Ajongbolo, said, “What exactly are Lucky Aiyedatiwa and his supporters bringing into Ondo State with their berets? What’s the idea and ideology behind donning red berets on the streets of Akure and Akoko? What’s the socioeconomic belief of a typical Aiyedatiwa supporter? What does Aiyedatiwa stand for?

“If this is not about their economic and political beliefs, should we be scared that a set of people, led by Mr Governor, have now adopted a style of clothing that has significant meaning and messages it is passing across? Are we safe in Ondo State?”

On his part, Sunday Terebo said, “Ondo State, which way, when I saw this in Ondo town yesterday, I thought Vikings were having converged in Ondo state. Make una fear God ooo, but no withstanding fight, no dey always guiding yellow still remains the victory colour.”

For Niyi Arogbo, “Now that Aiyedatiwa has adopted a red beret, let Chief Olusola Oke use a yellow beret, while Senator Jimoh Ibrahim uses a blue beret, and Wale Akinterinwa chooses black. Make sure we systematize everything. Make sure we start the battle from there. Ondo 2024 will be so interesting.”

Omoduni Olamide: “Red Beret is known for cultism and violence. Now that the state governor has aligned with the brand. Are we safe in Ondo State?”

Reacting, the State Director of Information of LACO-FS, Kayode Fasua, distanced the group from cultism-related activities.

“It is benumbing to come across grave expressions on social media, especially through some Twitter handles (now rebranded as X), that our group is bringing cultism to Ondo State for the simple reason that we don red berets to our campaign rallies.

“While those bandying the insinuations of thuggery or cultism have bombarded the net with their tar brushes, they fail woefully to prove any instance of violence in our activities and find it hard to produce any pictorial or camera evidence of where Aiyedatiwa supporters under the aegis of LACO-FS are armed with any weapon at all, much less a dangerous one.”

[DailyPost]

Against the backdrop of the resurgence of the mass abduction of pupils, the Federal Government has said schools in 14 states and the Federal Capital Territory, Abuja, are at risk of attacks by bandits and insurgents.

The National Coordinator of Financing Safe Schools in Nigeria, Hajia Halima Iliya, confirmed to The PUNCH on Sunday, that the data of at-risk schools had been collected for intervention.

Iliya declined to identify the states, but the Commander of the National Safe Schools Response Coordination Centre, Nigeria Security, and Civil Defence Corps, Hammed Abodunrin, said they included Adamawa, Bauchi, Borno, Benue, Yobe, Katsina, FCT, Kebbi, Sokoto, Plateau, Zamfara and three others.

No fewer than 465 pupils, teachers, and women abducted in the past week are still in the custody of their captors.

Fifteen pupils of an Islamiya school in Sokoto State were kidnapped in the early hours of Saturday, less than 72 hours after 287 schoolchildren and teachers were abducted from the LEA primary school and the Government Secondary School both at Kuriga, in the Chikun Local Government Area of Kaduna State.

However, 28 of them were on Sunday reported to have escaped 259 in captivity.

A few days before the Kaduna incident, 200 female Internally Displaced Persons were taken away by terrorists in Borno State.

The women were kidnapped in Ngala, the headquarters of Gambarou Ngala in Borno state while fetching firewood in the bush.

On Sunday, there were reports that nine of them had regained freedom remaining 191 in captivity.

Penultimate Thursday, bandits abducted an undisclosed number of people in the Gonin-Gora community in the same Chikun LGA of Kaduna, prompting residents to barricade the Kaduna-Abuja Expressway in protest.

As a response to the April 2014 abduction of the Chibok school girls, the Safe Schools Initiative was launched by the United Nations Special Envoy for Global Education, Gordon Brown, alongside the Nigerian Global Business Coalition for Education and private sector leaders at the World Economic Forum Africa.

Safe schools

The initiative entails a combination of school-based interventions, community interventions to protect schools, and special measures for at-risk populations.

The Federal Government inaugurated the Safe Schools Fund with a $10m contribution and another $10m pledge from the private sector.

In further support for the programme, the Federal Government budgeted N15bn for the SSI in the 2023 fiscal year.

Speaking on the programme in an interview with one of our correspondents on Sunday, Iliya explained that the implementation of the SSI had started in several states.

Responding to questions on what was being done to fortify schools against bandit attacks, she said, “The project has taken off. We commenced implementation in 2023 with the flag off of the National Safe Schools Response Coordination Centre, which we intend to replicate at state and local government levels.

“The states have selected most at-risk schools in each senatorial zone for the implementation of National Plan on Financing Safe Schools Programme (2023-2026).’’

In response to the development, the coordinator explained that state governors had expressed plans to provide funding for the SSI for the protection of pupils and teachers in the identified locations.

She added, “Some states have made provision for the Safe Schools Programme in their 2024 budget in line with the National Plan. We intend to engage the states to guide them through the implementation.

“We’ve communicated to all the states; letters have been written for inclusion of Safe Schools in their budget and for them to select the most at-risk schools. More than 11 states have responded. The budget from states is for them to work on physical infrastructure such as fencing state schools and put other control measures.’’

Iliya further disclosed that the Federal Ministry of Education and the NSCDC had conducted some training for their men, adding that the Nigeria Police had trained senior officers, including all divisional police officers across the country on Safe Schools.

According to her, the security forces have commissioned equipment that would be deployed to various state commands for the operations.

“Data of at-risk schools from 14 states, including the FCT have so far been collected for intervention. The Defence headquarters and DSS (Department of Security Services) are expected to mainstream Safe Schools through capacity building of their officers. N15b was provided and released as takeoff in 2023; utilisation is still ongoing,’’ she stated.

The Commander of the National Safe Schools Response Coordination Centre, NSCDC, Abodunrin, said the four-year project was being implemented simultaneously in all the states but in phases, adding that it began with the sensitisation and training of security personnel late last year.

He condemned the latest abductions of school pupils, noting that the attackers operated in locations with poor telecommunication service.

Abodunrin said, “The attacks are unfortunate. What the attackers do is to look for soft targets. They now go to villages where they feel they can quickly operate before help can come. They also target when communication networks are bad. The cases in Ekiti and Kaduna are examples where community members could not quickly call for help. There is also the need to raise more awareness in the communities.

“There is a need for more cooperation. Schools are to register on www.nssrcc.gov.ng detailing their addresses and at least a phone number. Registration is free. Any registered school will automatically be on a database with their coordinates for easy accessibility.

 

“There are patrols. Global standards do not allow security operatives to be in schools for various reasons. Those who want to target them may kill or injure students and other members of the school communities in the process. There will be more patrols.’’

The commander also said that since security requires personal attention, students and teachers would be given training on personal safety and protection.

“Equipment and platforms are also being developed to facilitate easy communication even without a network. They will be trained on this too. Capacity of various communities are being built in the areas of personal security and information management for effective preventive and response efforts,’’ he disclosed.

Adamawa, Kebbi

On the states that have been identified to be at risk of attacks, Abodunrin said, “Adamawa, Bauchi, Borno, Benue, Yobe, Katsina, FCT, Kebbi, Sokoto, the Plateau, Zamfara.

“These are the states where the state governments have submitted the list of vulnerable schools to Safe School Financing and some of them have already donated Response centres to NSCDC for coordination.

“Some commit to including Safe School in their budgets for the centre to commence operations. Note that all states’ commissioners for finance were addressed by Safe School Finance for cooperation. You may still seek further clarification from Finance (ministry).’’

Continuing, he noted, “Those selected (states) are where concentration is. What the centre is doing in conjunction with NSCDC is to be proactive by making the sensitisation and community engagement national.

“All states of the federation now have Safe School Desk Officers/Coordinators. These attackers would look for soft targets that they think the government is not considering at present.’’

Meanwhile, the state commands of the NSCDC in Gombe, Kano, Osun, Taraba and other states said they were involved in the SSI implementation.

The Gombe State Commandant, Muhammad Bello, noted that his officers were ensuring that no school child was abducted in its safe school project.

He said, “We are ready to face the problem even though we are dwelling in a serious challenge in the area of logistics, and transportation but I will not allow it to impede securing schools and our children. We are doing our best, shortage of mobility will never impede safeguarding children.’’

In a statement, the spokesperson for Osun NSCDC, Kehinde Adeleke, said the Safe School Programme was operational in the state but identified mobility challenges in covering all local government areas in the state.

The Taraba State Commissioner for Education, Dr Augustina Godwin, on Sunday, said the state government had beefed up security around schools, especially in areas prone to banditry attacks since November last year.

In a telephone interview with our correspondent in Jalingo, Godwin said the state government had embarked on the building of perimeter fencing of most schools in the state as a first layer of security.

Godwin said, “We have credible intelligence regarding the plans by bandits to carry out massive school children abduction in the state, and so, the sad incident in Kaduna did not come to us as a surprise.

“The government has engaged personnel of the Nigerian Security and Civil Defence Corps, National Drug Law Enforcement Agency, and the state security outfit- Taraba Marshall to provide security in our schools.

“We have also formed the Safe School Security Committee as requested by Unicef. We have also identified schools with serious security needs based on their location and we have fortified such schools with more security.

“Just last week, I embarked on supervision of schools to see the level of security presence in our schools and I was impressed with what I saw on the ground.

“For the schools that are yet to get security personnel, we have provided dedicated phone numbers for school principals and teachers to call in case of any incident,” she said.

Sub-regional forces blamed

Meanwhile, the Presidency has described the recent cases of kidnapping across the country as efforts by ‘’sub-regional geopolitical forces conspiring to undermine the government of President Bola Tinubu.’’

Special Adviser to the President on Media and Publicity, Mr Ajuri Ngelale, affirmed this when he spoke on TVC’s Politics on Sunday monitored by The PUNCH.

On the programme titled ‘Counting the Cost of Presidents Tinubu’s Reforms,’ Ngelale revealed that the Federal Government was already receiving support from the United States government for the release of students kidnapped in Kaduna.

“I will say this: across the north, we understand that some of the sub-regional geopolitical forces that are currently at play are actively conspiring against the stability of Nigeria,” said the President’s spokesman.

Ngelale assured Nigerians that the Federal Government was on top of the situation and had received support from the US government to secure the release of the school children and address the regional forces at play.

“We understand that and we are not sleeping. We are responding to it and we’re doing it in a concerted way, with our neighbours.

“And it is worth noting that the United States Government has also pledged its assistance to ensure that there is a full return of all of the schoolchildren who were kidnapped recently in Kaduna.

“But the point is we are going to continue to intensify our collaboration not just within the region, but internationally to make sure that some of the regional actors that are conspiring against our nation are brought to justice and ultimately silenced in the future,” he explained.

The Presidential spokesman lamented that with increased security in major communities in the South-East and South-West, the government was working to extend coverage to vulnerable far-flung settlements in the north.

“First of all, the President has been very clear that this is an administration of no excuses. If you look at other parts of the countries that were in flames before he took office, such as the South-East and parts of the South-West for example, you will know the level of work that has gone into securing our nation.

“Where we still have some challenges is in the North-Central in the North-West and to a lesser extent in the Northeast. There’s still a lot of work to be done along the Kaduna axis. Remember the time when you could not travel by road on the Abuja-Kaduna highway? Now, you’re able to do that.

“Now the problem is when you have these far-flung communities, we do have these hit-and-run incidences of not just violence and killings, but kidnappings and hostage-taking,” Ngelale explained.

He toed the line of the First Lady, Oluremi Tinubu, proposing capital punishment for kidnappers, saying, “I think that there’s going to have to be some sort of robust legislative reform that makes it clear to every citizen of our country that if you kidnap anybody, you will be killed by the justice system.

“There will be a death penalty attached to it. I don’t see how this can be solved if we don’t do this and see to its implementation.”

[Punch]

The National Pension Commission (PenCom) is neither a lender nor a custodian of funds, says Mrs Aisha Dahir-Umar, the director general.

In an interview with journalists in Abuja at the weekend, Dahir-Umar said it has become necessary to clarify “totally misleading” reports that the commission gave a N10 trillion loan to the federal government.

 

She further dismissed claims that PenCom was owing federal government retirees as well as insinuations that Pension Fund Administrators (PFAs) have not been meeting their obligations to holders of retirement savings accounts (RSAs).

“Investments by the PFAs in the securities of the Federal Government of Nigeria (FGN) are not loans as erroneously portrayed, but investments in securities, through bonds and treasury bills, as approved by the relevant government agencies, in this case the Debt Management Office (DMO) and Securities and Exchange Commission (SEC). They are traded on authorized capital markets. That is, the Nigerian Exchange Limited and FMDQ OTC Securities Exchange,” she said.

 

“Moreover, pension fund assets are not managed by PenCom. I have said it repeatedly that when we say pension assets have grown to N19.6 trillion, that does not mean PenCom has N19.6 trillion locked somewhere in its office or bank accounts. Pension fund assets are managed by the licensed PFAs and held in custody by the licensed Pension Fund Custodians (PFCs).

“The PFAs are responsible for investing pension fund assets in allowable asset classes, including FGN (Federal Government of Nigeria) debts instruments. The objectives are safety and fair returns. All these are in line with the provisions of the enabling law, the Pension Reform Act 2014, and the rules issued by the Commission.

 

“It is obvious from the above that what is referred to ‘loan to FGN’ is just investment in FGN securities by the PFAs, as is done by other institutional investors such as banks, insurance companies, asset managers, etc.”

 

It is an international best practice to invest in investible instruments issued or backed by the sovereign authority, she said, and that the FGN securities meet the objectives of safety and fair returns.

“The FGN has consistently met its repayment obligations, both the principal amount and accrued interests, for all investments in bonds and T-bills to all investors including pension funds. The information is always in the open and accessible on our website, www.pencom.gov.ng,” she said.

 

On the outstanding benefits to federal government retirees and deceased employees, Dahir-Umar said it is because of “the inadequate and delayed funding for the payment of Accrued Pension Rights for those who were in service before the Contributory Pension Scheme (CPS) was introduced when PenCom was established in 2004.”

She added: “Payment of the accrued rights is subject to release of funds by the Federal Government. So, it is beyond the powers of the Commission. However, we have been engaging the Federal Ministry of Finance for more funds to be released to settle these liabilities, but it is not a secret that the government itself has budgetary constraints.”

 

All those enrolled under the CPS have been receiving their benefits through their PFAs and there is no unsolved complaint before the commission, she maintained.

[TheCable]

The Central Bank of Nigeria (CBN) has strengthened its pre-emptive surveillance of banks to unearth infractions and ensure compliance with extant rules and guidelines.

The banks have been under intense criticism in recent periods for alleged complicity in economic crimes. The Economic and Financial Crimes Commission (EFCC) estimated that some 70 per cent of financial crimes in the country could be traced to the banking sector.

Financial industry sources yesterday said the apex bank has rejigged its surveillance mechanism to appropriately focus on banks’ financial statements and audit reports.


They told The Nation that each report will pass through multiple-level examinations.

One of the sources said the delay in the submission of the audited reports and accounts of many of the banks for last year might not be unconnected with the rigorous screening of the banks’ financial statements.


Banks that had approved their audited results and submitted the same for onward examination and approval by the CBN since the end of January 2024 are still awaiting final approval of the apex bank.

Banks cannot make public their audited reports and accounts without prior and final approval of the CBN.

The delay in the release of the banks’ results has put them in default of the corporate governance rules at the Nigerian Exchange (NGX), where most banks are listed.


When asked about the delay in submission of their banks’ results, spokesmen for two major banks, who craved anonymity, said they were waiting for the apex bank’s approvals.

Post-listing rules at the NGX provide two compliance options for the submission of results. Most quoted companies including all banks, major manufacturers, oil and gas companies, breweries and cement companies use the 12-month Gregorian calendar year as their business year.


Under the first option, companies are required to submit interim or unaudited quarterly reports not later than 30 calendar days after the end of the relevant period. Such companies then have extended 90 days, after the end of the relevant period, to submit their full-year audited reports and accounts.

Read Also: No Nigerian should be in captivity, Speaker Abbas tells security agencies
However, where a company chooses to audit its quarterly accounts, it shall be required to file such accounts not later than 60 calendar days after the relevant quarter. For the first set of companies, the deadline for the submission of the audited report and accounts for the year ended December 31, 2023, is March 30, 2024. Many banks such as Jaiz Bank, Fidelity Bank and FBN Holdings adopted this option and submitted the interim results for the fourth quarter that ended December 31, 2023.

The deadline for the second set of companies, where several major banks belong, was February 29, 2024. While the rules allow the NGX to grant specific waivers to relevant companies or a general waiver of the deadline under some specific circumstances, a review yesterday indicated that the NGX has not issued any general waiver or specific, publicly announced waiver to the banks.


General waiver is usually given in the event of general disruption to industrial activities such as strikes, national crises, many public holidays and other circumstances that in the judgement of the Exchange may significantly impact the timeline given to companies to prepare and submit the quarterly report.

A review yesterday indicated that the banks had completed their internal approval process and transmitted their results to the apex bank some 40 days ago.

The Sultan of Sokoto, Sultan Sa’ad Abubakar has declared today, March 11, 2024, as the first day of the Holy Month of Ramadan.

He said the declaration was based on the sighting of the moon in almost every part of the country earlier on Sunday, which is the 29th day of the Month of Shaban and thereby signifies today as the First day of Ramadan 1445.


“We got the information from Muslim leaders across the country and we accept the sighting of the moon accordingly,” he said.
Sultan Abubakar, therefore, called on the entire Muslim faithful in the country to start the fast today in accordance with the teachings of Islam.

He also urged Muslims to use this month of Ramadan to pray against the spread of insecurity in the country and for the nation’s leaders to discharge their duties with the fear of God.
He further advised all Muslims in the country and beyond to observe the fast with the ultimate fear of God, while urging the wealthy to support the less privileged with food during the holy month of Ramadan.

The presidency on Sunday night, foreclosed the possibility of a cabal taking control of President Bola Tinubu’s administration, like it had been seen in the past.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who gave this assurance during an interview on TVC News Sunday Politics, also blamed the escalating insecurity in some parts of the north on the activities of those he described as “sub-regional forces”, who are working against the stability of the country.


Ngelale was reacting to various issues that have raised topics in the media in recent times, including the state of the economy, the effects of the negative activities of past government officials, the security and the multifaceted efforts of the Tinubu administration to straighten things out.

Reacting to the possibility of some very influential officials in the current administration, wielding the sort of influence that might allow them to mismanage and abuse public office, the effect of which might linger after the administration, Ngelale said President Tinubu is not that sort of leader, explaining that he (Tinubu) has not left room for such influence by any official to hijack his government.

“The good fortune we have is that we elected, not just a professional accountant, a professional auditor, but we elected a man who fully understands the governance mechanisms, not just at the federal level, but at sub-national level. I think this is a man who anyone working in the office of the President would tell you, there is not one individual in the Presidency that has a monopoly over what the President sees, hears and reads. Nobody has that kind of power in the office of this President and that’s intentional.


“He is someone who everyone has access to, everyone who needs to have access to him, has access to him. He has direct communications on a frequent basis with the heads of intelligence agencies, anti-graft agencies, and the like. So there is not going to be the potential there for anyone to form a cabal around this President because he’s aware of the dynamics of what has happened in the past and he is determined to ensure that that is not replicated under his watch.

“I will also add the fact that in the person of the current CBN Governor Mr. Olayemi Cardoso, this is a man who is reputed around the world as being a prudent manager of men and resources. This is someone who has a reputation, even within the government, of being tight fisted and that is by the intention of President Bola Tinubu to have someone like that in place.

“I would also add that when you look at organizational structures that lead to Governor Emefiele, … put him in the position that he currently is in, the President has taken a comprehensive review of that structure and he has said, even by legislation, that we are going to ensure that not only guardrails are put in place, but that legislative changes be enacted in such a way that this can never happen again.

“He’s determined to do it, Nigerians will watch him do it and that will mean that moving forward, the kind of elite conspiracy we saw between CBN officials, high ranking government officials and high ranking members of the private sector, they’re not going to be able to conspire amongst themselves to find loopholes within the system because we have a President who’s an auditor and accountant, who will close those loopholes, just the way he did in Lagos State many years ago”, he said.

Speaking to the issue of the security situation in the country, especially in the north, Ngelale alleged that there are some sub-regional and geopolitical forces working against the stability of the country, he however noted that the government will continue working on finding solutions through collaborations.


The Presidential spokesman, who further gave insight into plans to ensure peace and stability in all parts of the country, said those currently conspiring to rob the nation of security, through sub-regional conspiracies would be made to face the wrath of the law.

“First of all, the President has been very clear that this is an administration of no excuses. If you look at other parts of the countries that were in flames before he took office, such as the Southeast and parts of the Southwest for example, you will know the level of work that has gone into securing our nation.

“Where we still have some challenges is in the north central in the northwest and to a lesser extent in the Northeast. There’s still a lot of work to be done along the Kaduna axis. Remember the time when you could not travel by road on the Abuja-Kaduna highway? Now, you’re able to do that.

“Now the problem is when you have these far-flung communities, we do have these hit-and-run incidences of not just violence and killings, but obviously kidnappings and hostage-taking.

“But I will say this, across the north, we understand that some of the sub-regional forces, sub-regional, geopolitical forces that are currently at play are actively conspiring against the stability of the Nigerian nation.

“We understand that and we are not sleeping on that. We are responding to it, and we’re doing it in a way that is concerted with our neighbors and it is worth noting that the United States government has also pledged its assistance to ensure that there is a full return of all of the school children who are kidnapped recently in Kaduna.

“But the point is, we are going to continue to intensify our collaboration, not just within the region, but internationally to make sure that some of the regional actors that are conspiring against our nation are brought to justice ultimately silenced in the future of our country”, he said.

Justice Deinde Dipeolu of the Federal High Court in Lagos has ordered the final forfeiture of 36 cars ‘allegedly stolen’ from Canada and brought to Nigeria.

The judge made the final forfeiture order after granting an application filed and argued by the Economic and Financial Crimes Commission’s counsel A. B. Abdul-Rasheed.

The EFCC said the vehicles were recovered from various auto shops in Lagos, such as Lekki-Ajah; Ojodu-Berger; Ikeja; Festac Town; Magodo and Ikota-Lekki.


It said they were recovered following intelligence by Royal Canadian Mounted Police that over 350 cars stolen from Canada were shipped into Nigeria and were on display for sale at different auto shops.

The respondents in the suit marked FHC/L/CS/2051/2023 were Wilmon Autos Nigeria Limited; Ikeoyi Enterprises; Ichie Autos; Bounce Autos; Assured Motors Emeko Auto; CNC Auto; Green Hill Auto; First Core Auto; Samuel Motors; Unique Motors; Nice and Rich Auto; Overall Properties; GIDI Auto and Chris Jane Auto Nigeria Limited.

Some of the forfeited stolen vehicles are a 2017 Model Toyota Rav 4; 2019 Toyota Tacoma 2019; 2019 Lexus RX 350; Lexus RX350; 2019 Model 5 FORD FI50; 2018 Model Honda CRV; 2020 Toyota Tacoma; a Land Rover and a 2020 Lexus RX 350.

Others include a 2016 Toyota 4Runner; a Range Rover; Lexus 460; Ford F150 2018 Model; 2019 Lexus RX 350; 2020 Lexus RX 350; 2021 Lexus RX 350 Sport; Honda Civic Touring; Honda Pilot Suv; 2020 Range Rover Suv; Toyota 4Runner SUV; Toyota Highlander, and 2018 Toyota Tacoma, amon others.


The court had on November 29, 2023, made an order for the interim forfeiture of the cars, after listening to the EFCC lawyer, who moved the application the same.

While granting the order, the court ordered the EFCC to advertise the orders in a national newspaper for any interested persons or parties to appear before the court to show cause why the cars should not be finally forfeited.

The EFCC counsel informed the court that the forfeiture order had been advertised but no one had come forward to lay claim to the seized vehicles.

Justice Dipeolu after listening to the EFCC lawyer and perusing through the processes, acceded to the request of the anti-graft agency and ordered final forfeiture of the 36 cars.

An EFCC investigator, Olufemi Olukini, in an affidavit filed in support of the suit said “Sometime in April 2022, during an official meeting held at 7A Okoti-Eboh Street, Ikoyi Lagos between officials of the Royal Canadian Mounted Police and EFCC officials, RCMP officials passed credible intelligence to the Commission which alleged that over 350 vehicles which were comprehensively listed out on an excel sheet with their respective vehicle identification Number were stolen from Canada and shipped to Nigeria.

“These vehicles have been sold and/or are being sold on an online website www.jiji.com by some online vendors/agents while others are displayed for sale at various car stands across the country.


“Investigation carried out revealed that a substantial number of the motor vehicles described aforesaid were stolen from Canada and shipped to Nigeria between the years 2019-2021.

The Presidency has said that President Bola Tinubu will on Thursday unveil the Student Loan Scheme.‎

President Tinubu’s Special Adviser on Media and Publicity, Ajuri Ngelale made the disclosure while speaking on TVC’s “Counting the Cost of Presidents Tinubu’s Reforms” broadcast on Sunday.

Speaking on the programme, Ngelale said the President would introduce the historic National Student Loan Programme on Thursday of this week.


He said: “This is a major form of obligation reduction for Nigerians and families and young people at a time when Nigerians are feeling the pinch. We believe this is the way to go.”

Tinubu signed the Access to Higher Education Act, 2023 into law on June 12, 2023.

The purpose of the measure is to make interest-free loans available to students for educational reasons.

The programme, which the federal government had originally planned to launch in September or October of 2023, had been delayed.