General
Buhari Seeks World Bank, AfDB Support for Africa’s Climate Initiative
By Adedapo Adesanya
President Muhammadu Buhari has urged multilateral agencies including the World Bank, African Development Bank (AfDB) and other partners to support the One Planet Summit initiative and activate the $19 billion pledge.
He said the pledge, meant for the activities of the Pan African Great Green Wall Agency (PAGGW), would be utilized for land restoration, tree planting, development of climate resilience infrastructure and investments in small and medium-sized farms.
The Nigerian president made the charge at a side event he convened at the ongoing UN Conference Of Parties, COP15 in Abidjan, Cote d’Ivoire.
According to a statement from a presidential aide, Mr Garba Shehu, the meeting was President Buhari’s first assignment at the PAGGW Conference of Heads of State and Government following his election in December last year.
The meeting, which involved the 11 Sahel African states, discussed ways and means of accessing and utilizing $19 billion pledged by donors for the activities of the Pan African Great Green Wall Agency (PAGGW).
He also underscored the importance of recharging Lake Chad, now down to 10 per cent of its water volume.
In his capacity as the head of the Conference of Heads of State and Governments of the member states of the PAGGW, Mr Buhari said: ”The inter-basin transfer of water from Central Africa to Lake Chad should be taken seriously.”
He asked the secretariat of the agency, funders and the soon-to-be appointed consultant to carry out the measure as a way of restoring the socio-economy of the more than 30 million people of the Lake Chad basin area.
“As it is at the moment, the drying up of Lake Chad has destroyed fish farming, animal husbandry and crop agriculture, leading to social and economic dislocation with serious consequences for peace in the basin area.
”This has led to migration to Europe by many, creating problems for you over there. These should engage your attention as a committee,” he said.
At the select meeting, which included International/Development Partners, Mr Buhari said the $19 billion would also support smallholder farmers, and create an institutional framework to enhance security, stability and governance, and capacity building.
“All of you may wish to know that, in December 2021, I was elected to lead and drive the Agenda of the PAGGW bloc for the next two years.
“This bloc, which includes Nigeria, Senegal, Niger, Sudan, Mauritania, Ethiopia, Mali, Eritrea, Djibouti, Burkina Faso and Chad, is facing dire and present danger due to the devastating effect of desertification and drought which is impacting negatively on the security of our communities and the livelihood of our people.
”There is, therefore, an urgent need to confront these challenges associated with desert encroachment and drought,” he said.
The president requested more support for The One Planet Summit initiative, and the political will to actualize the mandate.
He said: “It is on this note that on behalf of member States, I welcome The One Planet Summit Initiative that pledges $19 Billion to support the activities of the PAGGW which necessitated this very important engagement with you this morning.
“The purpose of this meeting, therefore, is to draw your attention to this pledge and to inform you formally, that member states want to trigger the process for accessing the funding by utilizing the GGW Accelerator window mainly to address the following:
”Land restoration and tree planting, Investment in small and medium-sized farms/support to smallholder farmers, developing climate resilience infrastructure, an institutional framework to enhance security, stability and governance, and capacity building.
“I, therefore, call on you, especially the World Bank, African Development Bank and the One Planet Summit Initiative to support this drive,” he said.
The president also called on the multilateral institutions to set up a task team to work with PAGGW.
“I will further request the partners, particularly the United Nations Conference to Combat Desertification (UNCCD) and One Planet Summit to advise on a suitable Financial Consultant for the PAGGW that can coordinate the process under the auspices of the UNCCD and PAGGW in a transparent manner.
“It is my hope that the parties to this meeting will give us maximum cooperation in this regard and make good their pledge to support Africa’s drive to address these climate challenges.
“Finally, I will also direct Nigeria’s Minister of Environment to convene a meeting of Council of Ministers of member states to brief them on the outcome of this brief meeting,” he said.
General
FG Plans G2P Card Initiative, Digital Registry to Identify Farmers
By Adedapo Adesanya
The Federal Ministry of Agriculture and Food Security (FMAFS), in collaboration with the National Identity Management Commission (NIMC), is finalising plans to introduce a digital farmer registry via the Government 2 People (G2P) card initiative.
The National Identity Number (NIN) enabled card initiative will address the Federal Ministry’s immediate challenges of identity and authentication, required to deliver government services efficiently and accurately, according to a statement jointly issued by Mr Joel Oruche, Director of Information, FMAFS and Mr Kayode Adegoke, NIMC’s spokesperson on Thursday.
The statement added that the programme seeks to address existing barriers to effective government programs, ensuring that aid reaches the right beneficiaries.
The partnership will, “leverage the National Identity Management System to power the Ministry’s farmer registry by the linkage of the NIN and attendant biometric identity data of each farmer to their farmland, as well as all necessary supporting data relating to that farmer, including the size of the holding, type of crops or livestock.”
Connecting the NIN-backed registry to the G2P card will allow for the provision of targeted and ring-fenced aid to the farmers and other recipients of government benefits under the FMAFS programmes.
“The G2P card ecosystem is an initiative that allows for the issuance of NON-enabled cards by Federal Ministries, Departments and Agencies (MDAs), and enables the use of the card’s frontend by these MDAs for their respective programmes. The key feature of the ecosystem is a biometrics card with multiple wallets that can provide verifiable identification and also process transactions without internet connectivity, allowing the Ministry to support beneficiaries in the most remote locations. The card is unique to each citizen, and every Nigerian and legal resident is eligible to obtain it, banked or unbanked. The G2P card will be owned by and personalised to each MDA that adopts its usage.
“By adopting this card, FMAFS can uniquely identify all farmers, provide multiple agriculture services through the card in a manner that eliminates risks and fraud and also provide end-to-end visibility within the agriculture value chain thus enabling scalability. Agriculture services to be provided through the card include farmer financing, input distribution, farmland mapping linked to identity, extension services monitoring & evaluation and agency banking as well as multiple types of third-party services.
“Within this framework, NIMC will provide the foundational identity ecosystem to FMAFS, who as the owner of both the farmer registry and G2P card scheme will provide government services via the issued G2P cards, tailored to the needs of the farmers supported by the Ministry at the national and sub-national levels.
“The G2P card has a large capacity in-card chip that stores beneficiary identity, know your customer (KYC), picture, and fingerprints. In addition, it has two applets and several wallets dedicated to multiple types of programmes, which provides the flexibility and channels needed for multiple interventions to be implemented against the same unique identity. This flexibility is required to address infrastructure challenges limiting identity verification and digital evidence of beneficiary access when implementing government programmes,” the statement revealed.
The G2P biometric cards will be processed through a bespoke but interoperable biometrics Point of Sale (POS) acceptance device, which requires biometrics to access and operate which will allow the Ministry to better deliver services and programmes in any location regardless of infrastructure challenges.
The card will operate as a digital wallet/ prepaid card and it is tailored for government transactions such as subsidies, loans, welfare disbursement, pensions and other activities carried out by FMAFS.
“With the G2P ecosystem, any programme implemented by the Ministry can now be administered independently and showcased through digitally enabled dashboards displaying key data on how each programme has been efficiently implemented or otherwise,” the statement added.
General
EFCC to Arraign Oba Otudeko, Bisi Onasanya, Others Over Alleged N12.3bn Fraud
By Adedapo Adesanya
The Economic and Financial Crimes Commission (EFCC) will arraign the Chairman of Honeywell Group, Mr Oba Otudeko, and three other defendants on Monday, January 20, 2025, over an alleged fraud worth about N12.3 billion.
The anti-graft agency on Thursday filed a 13-count criminal charge against the respected businessman and others. They will be brought before Justice Chukwujekwu Aneke of the Federal High Court, Lagos next week.
Mr Otudeko will be arraigned alongside a former Managing Director of First Bank, Mr Olabisi Onasanya; a former member of the board of directors of Honeywell Flour Mills Plc, Mr Soji Akintayo; and a company linked to Mr Otudeko, Anchorage Leisure Ltd.
All four were listed as defendants in the suit filed by an EFCC prosecutor, Mrs Bilkisu Buhari-Bala, on January 16, 2025.
The EFCC alleged the four committed fraud in tranches of N5.2 billion, N6.2 billion, N6.150 billion, N1.5 billion and N500 million, between 2013 and 2014 in Lagos.
In proof of the charge against the defendants, the EFCC intends to call representatives of First Bank, including Mrs Cecelia Majekodunmi, Mr Ola Michael Aderogba, Mr Abiodun Olatunji, Mr Raymond Eze, Mr Abiodun Odunbola and Mr Adeeyo David, all of whom are expected to give evidence of the fraudulent misrepresentation of the defendants and tender relevant documents.
The agency will also rely on the testimonies of representatives of the Central Bank of Nigeria (CBN), Stallion Nigeria Limited, and V-tech Dynamics Ltd.
Also included in the EFCC’s list of witnesses are one Ms Farida Abubakar and Ms Adaeze Nwakobi.
Some of the Counts
According to the commission, the offences contravene Section 8(a) of Advance Fee Fraud and Other Fraud Related Offences Act 2006 and were punishable under Section 1 (3) of the same Act.
Count 1 of the charge says that Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited between 2013 and 2014 in Lagos, within the jurisdiction of this Honourable Court conspired amongst yourselves to obtain the sum of N12,300,000,000.00 (Twelve Billion, Three Hundred Million Naira Only), from First Bank Limited on the pretence that the said sum represented credit facilities applied for by V- Tech Dynamic Links Limited and Stallion Nigeria Limited, which representation you know to be false, and you thereby committed an offence contrary to Section 8(a) of Advance Fee Fraud and other Fraud Related Offences Act 2006 and punishable under Section 1(3) of the same Act.
In Count 2, it was alleged that the defendants, on or about 26th day of November, 2013 in Lagos, “obtained the sum of N5.2 Billion from First Bank Limited on the pretence that the said sum represented credit facilities applied for by V Tech Dynamic Links Limited which representation you know to be false.”
The 3rd count claims that the defendants, between 2013 and 2014 in Lagos, obtained N6.2 Billion from First Bank Limited on the pretence that the said sum represented credit facilities applied for and disbursed to Stallion Nigeria Limited, which representation you know to be false.”
Count 4 reads, that you, Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited on or about 26th day of November 2013 in Lagos, within the jurisdiction of this Honourable Court conspired amongst yourselves to use the total sum of N6,150,000,000,.00 (Six Billion, One Hundred and Fifty Million Naira Only.), which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretence and you thereby committed an offence contrary to Sections 18(a), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.
Count 5 accuses Chief Oba Otudeko, Stephen Olabisi Onasanya, Soji Akintayo and Anchorage Leisure Limited on or about 11th day of December, 2013 in Lagos, procured Honeywell Flour Mills Plc to retain the sum of N1.5 billion, which sum you reasonably ought to have known forms part of proceeds of your unlawful activities to wit: Obtaining by False Pretence and you thereby committed an offence contrary to Section 18(c), 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15(3) of the same Act.
General
NNPC Remitted N10trn into Federation Account in 2024—Kyari
By Adedapo Adesanya
The chief executive of the Nigerian National Petroleum Company (NNPC) Limited, Mr Mele Kyari, has disclosed that his organisation remitted about N10 trillion into the purse of the federation last year.
Speaking on Wednesday during a presentation on NNPC Limited’s 2024 revenue performance and 2025 projections to the National Assembly’s joint committee on Finance, Mr Kyari the NNPC was the highest taxpayer in the country in 2024 with the N10 trillion paid to the nation, claiming the state-oil company remains the only in Nigeria to publish 100 per cent of its account statements annually.
The NNPC boss also called for a forensic audit of the funds spent by the company on fuel price stabilization and ensuring uninterrupted petrol supply between January and September 2024.
“Until October 1, 2024, NNPCL, as mandated by the Petroleum Industry Act (PIA), acted as the supplier of last resort for fuel supply,” he boasted.
“A forensic audit is needed to determine the financial obligations of NNPCL and any owed entities. Our transactional accounts are transparent and published annually, reinforcing our status as the top taxpayer and the highest contributor of royalties and dividends,” the NNPC chief added.
Regarding the company’s 2025 revenue projections, Mr Kyari indicated that a definitive figure would be provided after the upcoming board of directors meeting in two weeks, assuring the committee that the parameters for the 2025 budget were both realistic and achievable.
Recall that last year, the NNPC claimed that the 125,000 barrels per day Warri Refinery was operating at 60 per cent capacity and will focus on producing and storing critical products, including Straight Run Kerosene (SRK), Automotive Gas Oil (AGO), and heavy and light Naphtha. after the first 110 barrels per day refinery in Port Harcourt was operational.
The NNPC also noted that Kaduna Refinery and the 150,000 barrels per day second refinery in Port Harcourt will consolidate Nigeria’s position as a global energy provider.
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