General
CPPM Asks Buhari to Discipline HoS for Failure to Appoint Accountant General
By Adedapo Adesanya
A civil society organisation, the Committee for the Protection of Peoples Mandate (CPPM), has knocked the Head of Service of the Federation (HoS), Mrs Folasade Esan, for allegedly undermining a presidential directive to commence the process of appointing a substantive Accountant General of the Federation.
The group, in a statement made available to Business Post on Sunday, described the move as “irresponsible, provocative, reckless, condemnable, unacceptable and a threat to national security.”
The statement signed by Mr Nelson Ekujumi, its Executive Chairman, said, “We are aware that sequel to the presidential directive with regards to the appointment of a substantive Accountant General of the Federation, following the indefinite suspension of the former Accountant General of the Federation, Ahmed Idris, for fraud of which he is in court to answer charges as preferred by the Economic and Financial Crimes Commission (EFCC), the HoS in a memo dated June 21, 2022, announced the commencement of the process for the appointment of a substantive AGF.”
The organisation acknowledged that applications were called for from qualified accountants from the mainstream civil service in the pool of Accountant General of the Federation with set criteria for eligibility and subject to security checks but “surprisingly, before the conclusion of the process in line with presidential directive and the HoS memo, Mrs Folasade Esan stalled the process for reasons which amounts to a violation of her oath of office and an affront to constituted authority.”
“Shockingly, with a motive, which has an interest far and above national interest written all over it, the HoS in a memo to the President dated October 13, 2022, while acknowledging Mr President’s directive conveyed via the Office of the Secretary to the Government of the Federation letter dated June 16, 2022, stated that…
“At the close of submission of applications and security clearance by appropriate agencies, a very negligible number of directors met the criteria. The number will not provide a large pool to engender a competitive process at the end of which a substantive Accountant General of the Federation could be appointed”. She then went ahead to propose to Mr President the extension of the process to the first quarter of 2023 just to satisfy her personal interest and motive.
“This position of the Head of Service of the Federation is rather strange, a perversion of civil service rules and an affront to the authority of Mr President by trying to be clever-by-half. We want ask that under what provisions of the civil service rules did Mrs Folasade Esan derive the powers to single-handedly determine the number of applicants who have met set criteria and security clearance for appointment as negligible? Also, we need to ask that what number of applicants can be described as negligible according to the civil service rules of Mrs Folasade Esan?” it quipped.
The civil society organisation went further to describe the action of Mrs Esan as a contravention of the oath of her office, which amounts to an abuse of official position and public trust for personal gain far and above national interest and security, which is irresponsible and condemnable.
“Thus, we at CPPM wish to draw the attention of Mr President, who is a strong advocate for due process and the rule of law, to the actions of Mrs Folasade in trying to pervert civil service rules and undermine constituted authority and national security,” it continued.
CPPM then demanded the immediate presidential rejection of Mrs Esan’s request for “abortion of the process for the appointment of a substantive Accountant General of the Federation and extension to allow for her personal interest over national interest.”
It also called for disciplinary proceedings against her for the perversion of civil service rules, abuse of public trust, and an affront to a constituted authority which is unacceptable and condemnable.
General
Nigeria Suffers First National Grid Collapse of 2025
By Modupe Gbadeyanka
Residents of Nigeria experienced a power outage on Saturday, January 11, 2025, after the national grid collapsed.
It was the first that occurred this year and it happened at about 3 pm today, according to information gathered by Business Post.
Last year, the nation recorded about 12 grid collapse that almost embarrassed the government, which later set up a team to look into the causes of the frequent collapse of the grid.
It was later that today’s incident occurred after power generation went down from 2,111.01 megawatts at 2:00 pm to about 390.20 megawatts by 4:55 pm.
This development caused a cut in power supply in most parts of the country, but the situation has been brought under control, with electricity restored in most affected areas.
General
Tinubu Seeks Increase to $2bn Naira-Yuan Currency Swap Deal
By Adedapo Adesanya
President Bola Tinubu on Thursday urged the Chinese government to increase the $2 billion currency swap between Nigeria and the Asian nation to enhance trade between the two countries.
He also called for an upward review of the $50 billion aid package for Africa, which China’s President Xi Jinping announced last year.
Recall that China and Nigeria recently renewed their currency swap agreement, valued at 15 billion Yuan (approximately $2 billion), to enhance trade and investment.
According to a statement signed by his media aide, Mr Bayo Onanuga, the President made this appeal and more while receiving the Minister of Foreign Affairs of China, Mr Wang Yi, at the State House Abuja on Thursday.
The President said increasing the level of currency swaps will speed up the infrastructural development in Nigeria and deepen the strategic bilateral relations.
“We still demand more in the area of currency swap. The level you have approved as a government for Nigeria is inadequate considering our programme. If you can increase that, it will be well appreciated. Our bond should grow stronger and become unbreakable,” the President was quoted to have said in a statement
President Tinubu noted that the continent’s infrastructural needs would require more commitment, urging a review of the amount to reflect the continent’s reality.
“I am happy you are part of China’s highest decision-making body. We will want you to use your position to influence improved project funding. First, I say yes to the 50 billion dollar support, and thank you for contributing to African growth.
“The infrastructural needs of Africa are greater than that, and we want to move as rapidly as our other counterparts. All share your vision of rapid development. Africa values the relationship with China, and we seek deeper collaboration for infrastructural development,” he stated.
President Tinubu also called on China to support Nigeria’s bid for a permanent United Nations Security Council seat.
“You are a member of the UN Security Council. We want you to use your influence to ensure Nigeria secures the seat,” the President said.
The Nigerian leader thanked President Xi Jinping for his warm reception during his visit to China last year.
He said Africa, particularly Nigeria, was prepared to meet developmental goals and contribute counterpart project funding
“We are ready to move and reach the various developmental goals. Due to our deliberation, we signed many MOUs and planned many action programmes.
“My visit during FOCAC was a good experience. We signed several comprehensive MOUs during the visit. We planned several programmes of action. As a result of that deliberation, I made sure that immediately after I returned, I appointed one of the best brains available to coordinate Nigeria-China relations, Mr Joseph Tegbe. He will work to actualise various MOUs and promote a greater understanding of developmental programmes.
“It is good that you came at such a critical time. My visit to China was a good experience. Once again, accept my sympathy for the earthquake in Tibet. It was a natural disaster that nobody expected. We commend your government for the rapid reaction to protect lives.
On his part, Mr Yi said Chinese investments in the country would focus on employment generation and infrastructural development. He said the Chinese National Development Bank had started funding some development projects.
He said the Chinese Government would support including an African country in the UN Security Council, adding that “it was a historical injustice by the world that should be corrected”.
“We stand with Africa, and we will not support a country that invades another country,” he stated.
The foreign minister said China would welcome Nigeria’s membership in the BRICS and participation in the global development mechanism.
He said China fully supported Mrs Ngozi Okonjo-Iweala, the Director General of the World Trade Organisation (WTO), for a second term in office.
The minister also lauded President Tinubu for his visionary leadership and consistency in projecting Africa’s needs, which require China’s support.
General
Nigeria Receives $52.88m Assets Linked to Diezani Alison-Madueke
By Adedapo Adesanya
Nigeria has received $52.88 million recovered Galactica assets linked to a former Minister of Petroleum, Mrs Diezani Alison-Madueke, from the United States Government.
The Attorney-General of the Federation and Minister of Justice, Mr Lateef Fagbemi (SAN) disclosed this at the formal signing ceremony of the asset agreement between Nigeria and the US in Abuja on Friday.
Delivering his remarks, Mr Fagbemi explained that $50 million of the recovered assets will be deployed through the World Bank to the development of the rural electrification project and the remaining $2 million will be deployed to the International Institute of Justice to expand the Justice system and also counter corruption.
Mr Fagbemi noted that the asset return marks a milestone in the ongoing collaboration between Nigeria and the US in combating corruption and upholding the rule of law
He said the event is also a significant effort by President Bola Tinubu to address the issue of corruption.
Meanwhile, in his remarks, the United States Ambassador to Nigeria, Mr Richard Mills called for the monitoring and effectively utilizing the recovered assets by the Ministry of Justice to benefit Nigerians.
Mrs Diezani Alison-Madueke has been accused of abusing her power when she was petroleum minister under the administration of former President Goodluck Jonathan in Nigeria, including accepting financial rewards for awarding multi-million-pound contracts.
In 2023, the United Kingdom National Crime Agency (NCA) alleged that Mrs Alison-Madueke benefited from at least £100,000 ($127,000) in cash, chauffeur-driven cars, flights on private jets, luxury holidays for her family, and the use of multiple London properties.
Other charges against her also detail financial rewards, including furniture, renovation work and staff for the properties, payment of private school fees, and gifts from high-end designer shops such as Cartier jewellery and Louis Vuitton goods, the NCA said.
Since she left office, she has been dogged by corruption allegations but denies the charges.
The 63-year-old woman has been on bail since first being arrested in London in October 2015.
The US Department of Justice has recovered assets totalling $53.1 million linked to Mrs Alison-Madueke’s alleged corruption.
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