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N’Delta Group Cautions EFCC Against Remitting $1.6bn to NDDC

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Tax officials at NDDC headquarters

By Adedapo Adesanya

A group known as Niger Delta Peoples’ Assembly For Peace and Development has warned the Economic and Financial Crimes Commission (EFCC) not to release the $1.6 billion statutory remittances made by oil multinationals in its custody to the Niger Delta Development Commission (NDDC).

The call was made following allegations that some political elites have been lobbying for the said funds to be released to the commission.

President of the group, Mr Obarine Ngelale, in a statement, said NDDC was currently being superintended by a sole administrator, which, according to him, was not recognised in the NDDC Act.

Mr Ngelale also charged Governors of the nine oil-producing states to prevail on the EFCC not to release the said funds to the NDDC, while calling on the anti-graft agency to take over the ongoing forensic audit of the agency.

While calling on the federal government to intervene, he explained that the said money belongs to the oil-producing states, hence should be used for the development of the region.

“We frown at the notion that such a huge amount of money would be released to the sole administrator of the NDDC who is mainly answerable to the Minister of Niger Delta Affairs.

“We wish to reiterate what we have been saying and which has been the position of all the stakeholders of the region that the creation of the position of a sole administrator is illegal and runs against the NDDC Act of 2000, from which the commission derives its powers.

“We call on the EFCC not to release the money which is currently being warehoused by the commission to the NDDC and for the EFCC to take over what is obviously an unending forensic audit of the commission.

“The money belongs to the oil-producing states. We call on the Governors of the nine oil-producing states to please rise up and stop the release of this money to the sole administrator.

“We have challenges of insecurity in our region, our youths are getting restive, our environment has been destroyed, and now our commonwealth is going to be released to an unaccountable body, please our dear Governors, don’t allow this to happen.”

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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British Council Hosts Going Global Africa Conference in Abuja

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Going Global Africa Conference

The British Council, a UK-based organization dedicated to fostering cultural relations and educational opportunities, hosted the Going Global Africa Conference 2024.

The event, which took place from November 26 to 28 at the Transcorp Hilton Hotel in Abuja, was themed Building Sustainable and Relevant Tertiary Education Institutions and Systems in Africa.

It brought together policymakers, academics, industry leaders, and youth advocates to address critical issues in tertiary education across the continent.

At the opening session, which spotlighted youth aspirations and actionable strategies to bridge the gap between tertiary education and workforce demands, the Minister of Education, Mr Olatunji Alausa, unveiled the Nigerian Educational Sector Renewal initiative, a six-pillar agenda aimed at modernising the education system.

The session, titled The Future is Now: Realising the Vision of Africa’s Youth, was used by him to emphasised the importance of STEM and vocational training.

According to him, one of his takeaways from the opening plenary session is starting up student-led ventures, a good initiative the government would take on.

Throughout the three-day event, critical sessions explored the role of partnerships and innovation in strengthening tertiary education.

Another session titled Maximising Impact through Tertiary Education Partnerships, chaired by Prof. Sir Steve Smith, examined frameworks for sustainable education partnerships.

Also, at another session, Transitioning to the World of Work, led by Femi Taiwo, Founding Partner of F.I.T. Africa, delved into career-readiness strategies and the systems required to prepare graduates for industry demands.

Contributors such as Prof. Colin Riordan from the Association of Commonwealth Universities and Ms. Nadia Waggie from the University of Cape Town enriched these discussions with their expertise.

The conference also included a variety of focused sessions and panels, such as Learning Labs on technology integration, employability, and international research partnerships. Discussions highlighted access to education for marginalized groups, including women and persons with disabilities, with sessions such as Disability Inclusion in Tertiary Education led by Prof. Tracy Bhamra and featuring disability rights advocates.

Business Post reports that the conference coincided with the British Council’s 80th anniversary in Nigeria, celebrating decades of impactful partnerships in education.

“Hosting this conference in Sub-Saharan Africa underscores our commitment to fostering sustainable partnerships and innovation in education,” the Regional Director for Sub-Saharan Africa at the British Council, Lucy Pearson, remarked.

The event concluded with a renewed commitment to bridging the skills gap in Africa’s tertiary education.

The Acting Country Director for the council, Chilufya Besa, said, “By bringing together industry stakeholders, we have made significant progress in aligning education with workforce needs.”

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Thailand Gifts Nigeria 32-Tonne Rice Shipment to Tackle Food Crisis

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prices of rice in December

By Adedapo Adesanya

Nigeria has received a 32-tonne shipment of rice from Thailand as part of foreign relief to tackle escalating hunger and food insecurity.

The shipment, the first of its kind in a decade, has arrived in Lagos, according to DUCAT, the logistics company that facilitated its delivery.

The rice from Thailand was exported following Nigeria’s decision to implement a tariff moratorium on wheat, corn, rice, and other food crops last year, DUCAT revealed.

Although the duty waiver was introduced, purchases have largely been cautious, driven by concerns about its potentially harmful impact on local producers.

“Nigeria has been working hard to find solutions to broaden and strengthen its food supply accessibility,” DUCAT Chief Executive Officer, Mr Adrian Beciri said in a statement.

Several months ago, Nigeria unveiled a set of measures to combat soaring food inflation, which is rising at its fastest rate in three decades.

According to the last inflation update, food inflation reached 39.93 per cent year-on-year in November from 39.16 per cent the previous month in October 2024, caused by price rises for staples such as rice, maize, bread, potatoes and cooking oil.

Inflation quickened sharply in the second half of 2023 after President Bola Tinubu devalued the Naira and cut petrol and electricity subsidies to try to lift economic growth and shore up public finances.

Inflation has still not let up as it remained at 34 per cent as of November.

Many of the policies have failed to materialise including a 180-day window to allow duty-free imports of wheat, corn, and other critical food crops— a move promised would crash food prices.

A survey of market prices by Business Post indicates that food prices remained elevated during the last Christmas period.

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JUST IN: Lagos Assembly Lawmakers Impeach Obasa as Speaker

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obasa lagos speaker

By Dipo Olowookere

The Speaker of the Lagos State House of Assembly, Mr Mudashiru Obasa, has been impeached by members of the legislative arm of government.

Mr Obasa was removed from office on Monday after a motion for this was moved by one of the lawmakers.

The Assembly has now elected Ms Mojisola Meranda, a member representing Apapa I Constituency, as the new Speaker.

This action is coming amid allegations of fraud against Mr Obasa, who is from the Agege constituency.

It has been speculated that Mr Obasa got into political trouble because of his alleged interest in the governorship position in 2027.

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