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Buhari Never Authorised $6.2m for Election Observers—Boss Mustapha

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By Modupe Gbadeyanka

The immediate past Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, has informed Justice Hamza Muazu of the Federal Capital Territory (FCT) High Court in Maitama, Abuja, that former President Muhammadu Buhari did not approve the withdrawal of $6.2 million from the Central Bank of Nigeria (CBN) to pay foreign election observers.

It was alleged that Mr Buhari, who left office in May 2023, signed a memo directing the CBN to pay in cash the sum of $6.2 million to international election observers in the last 2023 general election.

This revelation was made in the ongoing trial of the former Governor of the apex bank, Mr Godwin Emefiele, in court. He was arraigned by the Economic and Financial Crimes Commission (EFCC).

While appearing as a prosecution witness on Tuesday, February 13, 2024, Mr Mustapha stressed that neither Mr Buhari nor himself raised the controversial memo.

“My Lord, all through my years in service at my capacity, I never came across such a document. Having served for five years, seven months, I can say this document did not emanate from the office of the President,” he said.

He faulted the correspondence Mr Emefiele claimed came from the President’s office with a reference number, revealing that “once a correspondence has the President’s seal, there is no need for a reference number, because the seal is the authority.”

“I have looked at it, read it, and the Federal Executive Council’s decisions are not transmitted by letters but through extracts, after conclusions were adopted.

“My Lord, I am a custodian of all records, therefore, the President cannot give me the records, and in all my years in service, I have never heard the term Special Appropriation Provision that is referred to here.

“In all the correspondence I have received from my principal, it has never ended with please accept the assurance of my highest regard. I am his subordinate, so nothing of such would emanate.

“Lastly, my Lord, the Nigerian government has nothing to do with financing foreign observers. I know for a fact because I managed two elections, so the responsibility of such lies with INEC,” the former SGF added.

Asked by the prosecution counsel, Mr Rotimi Oyedepo (SAN), in respect of exhibit PD7 which states that it was 187 FEC meeting that held on January 18, 2023, Mr Mustapha affirmed that a FEC meeting held, but it was not 187 session, but rather first meeting of the year because it was January.

“My Lord, there was a meeting and it was the first meeting not 187. It was the first meeting of the year. My Lord, all FEC meetings are normally Presided over by the President or Vice president.

“In the case of January 18, it was the Vice president that presided over the meeting because the President was not around.

“My role was to prepare the agenda of the meeting and on that day, there was a16-point agenda, and there was no agenda that had to do with foreign observers, so it did not appear on the FEC of 18 January, there was no such approval or anything else from the FEC,” he said.

Asked whether the letter for the approval of the money emanated from his office, Mr Mustapha denied any knowledge regarding it.

“My Lord, to the best of my knowledge, that letter did not emanate from my office, not to talk of signing it.

“I am saying it was not from me for the following reasons; I was not privy to the operations of CBN, so I cannot write to the governor or the director.

“Secondly, the heading is defective because it reads ref. for election observers. It presupposed that there were previous correspondences when you say ref.

“So, my Lord, it is not true because it does not carry any FEC approval. And finally, there was a reference at the end of the letter.”

“I wish to state my Lord that I am not aware of any Special Taskforce and I do not know one Jibril Abubakar, Principal Officer One, who was alleged as the coordinator of this Taskforce, so I did not introduce any Abubakar to the CBN governor,” he said.

While on cross-examination, Mr Mathiew Bukka (SAN) asked whether Mr Mustapha received any amount from the money, he said he did not receive a single dollar when he was serving and when he left office.

He denied knowledge of Knowing Abubakar, stressing that he had never met him, nor did he ever work for him, saying he knew about the scandal on social media when it was stated that the defendant and himself connived to steal the huge amount of money, and for him to protect and redeem his image and integrity before the world, he then made a Press Release exonerating himself and at the same time encouraged further investigation on getting to the root of the matter.

After his testimony, Justice Muazu adjourned the matter till March 7, 11 and 25 for the continuation of trial.

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Nigeria-China Strategic Partnership to Deepen Economic Ties

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By Adedapo Adesanya

The Director-General of the Nigeria-China Strategic Partnership (NCSP), Mr Joseph Tegbe, is currently visiting China to bolster China-Nigeria relations and foster economic and sustainable development between both countries.

The DG, with the Nigerian delegation, on Monday was at the headquarters of the National Development and Reform Commission (NDRC) of the People’s Republic of China where the NDRC Deputy Chairman received them, Mr. Zhao Chenxin, and other top officials, as well as the Nigerian diplomatic community and the Chinese Business Community.

Mr Tegbe is expected to cement strategic agreements in line with President Tinubu’s vision, with China for national growth and in vital sectors of the economy such as agriculture, to boost food security, alternative energy for developing renewable energy sources, healthcare, mining for harnessing Nigeria’s mineral resources to drive economic growth, education to strengthen Nigeria institutions and promote cultural exchange.

Other areas include technology, to foster innovation and advancement, and the support initiative of China’s Belt and Road Initiative (BRI).

The visit of the NCSP ‘s DG underscores the federal government’s commitment to establishing strong bilateral relations and supporting Nigeria’s economic diversification plans, infrastructure development, technology transfer, and job creation to foster mutually beneficial collaboration between the two nations.

Through this initiative, Nigeria can leverage its resources and human capital to develop key industries, bolster infrastructure, and enhance youth capacity through skills acquisition programmes.

On Monday, the DG NCSP and his team visited the CCECC Head Office, had dinner with the CHEC, and will on Tuesday, visit the Governor of the Central Development Bank, the Ministry of Foreign Affairs, and the China Export, Import Bank, as well as the China Development Bank. They also met with Power China Representatives.

They will on Wednesday, visit the Chief Harbour, the CHEC, CNCEC, and the CCECC Chairman, before moving to the CSCS Haishen Medical on Thursday, the CCECC, the China Building Materials, amongst others.

They will on Monday, 20th January, visit the Consulate General/Trade Mission Office, the Yang Shang Deep Sea Port, and Danghai Bridge (Sea).

The team is also expected at Huawei, before going to the CEC/ Long UAV, for a meeting with Diana Chen on Saturday, before returning to Nigeria.

This initiative comes on the heels of President Bola Tinubu’s official visit to China before the 2024 Forum on China-Africa Cooperation (FOCAC), where he had talks with China’s President Xi Jinping on improved economic cooperation, with the latter pledging 360 Billion Yuan, (about $51 billion), financing to African nations in the next three years, and support for 30 infrastructure projects to boost connectivity across the continent.

Last week, Chinese Foreign Minister Wang Yi visited Nigeria to reinforce the growing partnership between China and Africa, especially Nigeria, with discussions on strengthening economic ties, enhancing security cooperation and mutual developmental goals.

As Nigeria, Africa’s largest economy, seeks to become a net exporter to China in the next five years, the consolidated partnership is aimed at playing a crucial role in achieving this goal.

The country also remains China’s major partner on the continent for trade and technology investments.

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Adelabu Claims Power Generation Rose 30% in 2024

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By Adedapo Adesanya

The Minister of Power, Mr Adebayo Adelabu, said power generation in the country increased by about 30 per cent in 2024, but missed crucial targets in the review year.

Mr Adelabu made the disclosure during his ministry’s 2025 budget defence before the Senate Committee on Power at the National Assembly complex on Monday.

He said that when he assumed the leadership of the ministry in 2023, he met an average of 4,100 megawatts of power generation.

“I can tell you authoritatively that by the end of 2024, we had a peak generation of 5,528 megawatts of power from 4,100 megawatts that we met on ground and the reason for this is not far-fetched. We added a new hydroelectric power dam, Zungeru, with 700 megawatts.

“There was also a tremendous increase in the generation lines by other existing generation companies,” he said.

The Minister said that the target for power generation was 6,000 megawatts, adding, however, that due to the challenges experienced toward the end of 2024 in terms of grid collapses, the ministry missed the target by a minimal margin.

He further said that apart from energy access expansion, the sector had plans to stabilise the grid and other transmission infrastructure.

“I’m happy to also inform you that out of the eight collapses of the national grid that we experienced during 2024, five were full collapses, while three were partial collapses.

“Out of the five full collapses, three were actually due to generation problems. So, as against the 12 collapse that were publicised, it was just about eight collapses.

“We have been trying very hard to ensure that we manage the grid that was inherited.

“Unfortunately, it is still very old. It is dilapidated. And we are just managing it until we are able to fix it permanently.

“This is the focus of the Presidential Power Initiative, to ensure that the entire grid is revamped so that we won’t be having all this vandalism.

“So these are the summaries of our activities. And we are proud to say that we almost met all our targets for 2024.

“Our hope is that 2025 will be a better year for us, and we will be able to address all the existing issues in the sector,” he said.

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Sanwo-Olu Denies Involvement in Obasa’s Removal as Lagos Speaker

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By Dipo Olowookere

The governor of Lagos State, Mr Babajide Sanwo-Olu, has refuted claims that he was involved in the removal of Mr Mudashiru Obasa as the Speaker of the Lagos State House of Assembly.

Mr Obasa was impeached on Monday after being on the seat since 2015 by 32 of the 40-member state parliament for alleged gross misconduct.

The action was carried out while the Speaker was away in the United States, with Mrs Mojisola Meranda elected as his replacement, becoming the first female to occupy the position.

It happened a few weeks after Mr Obasa said during the presentation of the 2025 budget by Mr Sanwo-Olu that he was qualified to be the governor of the state and even better than those who have occupied the position.

This statement by the former Speaker was seen as an affront on the previous governors of the state, including President Bola Tinubu, who governed Lagos between 1999 and 2007.

It has been speculated that Mr Obasa kept Governor Sanwo-Olu waiting for long during the budget presentation last month. It was claimed that this action infuriated the governor and leaders of the ruling All Progressives Congress (APC).

Yesterday, members of the parliament in Lagos said they had had enough of Mr Obasa, moving to remove him from office.

As this happened, there were claims that Mr Sanwo-Olu instigated members of the Lagos State House of Assembly to impeach the former Speaker.

But the governor, through his Special Adviser on Media and Publicity, Mr Gboyega Akosile, distanced himself from the impeachment, emphasising that it was purely a decision of the legislative arm of government.

“This is a legislative matter, and the Assembly handled it as they saw fit. The governor has no involvement,” Mr Akosile, who once served as the Chief Press Secretary (CPS) of Mr Sanwo-Olu, said in an interview, noting that his principal does not interfere in the other arms of government.

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