General
Obafemi Awolowo Foundation to Honour AfDB President Today
By Enyi Ejike-Umunnabuike and Maryam Nwachukwu
Dr Akinwumi Ayode Adesina, the current President and Chairman of the Council of the 20-member Board of the African Development Bank (AfDB) is an urbane man of all seasons. He is an intellectually over-achieving personality, with a high affinity for creativity, uncommon value-addition, skilled corporate governance competencies, a rounded knowledge base, experience, brilliance and intelligence.
Before 2015, he was Nigeria’s Minister of Agriculture and Rural Development.
During his period of development administrative stewardship, under President Goodluck Ebele Jonathan’s administration, Adesina left a highly enthralling scorecard as a political appointee of government, who was able the manage the positive gains of the electoral successes of that administration, achieving lots of feats, amidst very compelling and challenging circumstances.
Perhaps, the successes and lasting impressions that he left behind as Nigeria’s Minister provided a very unbiased career-premised evaluative template that found him worthy of selection and eventual endorsement as the most competent of all the candidates that vied for the exalted position.
This well-cultured, disciplined humble balanced personality will on March 6, 2024 (today), be honoured by the Obafemi Awolowo Foundation at the Lagos Continental Hotel with the prestigious Obafemi Awolowo Prize for Leadership.
As a tie-back to history, it will be recalled that the Obafemi Awolowo Prize for Leadership was first announced in December 2012, with the official award ceremony held on March 6, 2013.
Before Dr Adesina was announced as its fourth recipient, three other distinguished personalities had been conferred with the same award.
These include the Noble Laureate, Prof. Wole Soyinka; former South African President, Dr Thabo Mbeki; and the founder of the Afe Babalola University, Aare Afe Babalola.
A very significant aspect of this event is that it also coincides with the birth anniversary of the late foremost nationalist and statesman in whose memory the award was instituted.
The award is an initiative of the Obafemi Awolowo Foundation, set up in April 1992, to serve as the custodian of Chief Awolowo’s intellectual property and leadership legacy values and norms.
Established as an independent, non-profit, non-partisan organisation dedicated to immortalizing the democratic and development-oriented ideals of Awolowo, the organizers of the event, say the award is a “prestigious, biennial, international prize structured to follow a rigorous process of nomination and subsequent screening by a Selection Committee consisting of some of the most outstanding Nigerians”.
They further said that the prize serves as a strong motivational incentive for persons to pursue excellence in leadership and good governance. The award confers considerable honour and recognition to the recipient.
Speaking on the selection process which led to the choice of Adesina as the 2023 recipient, the foundation spokesperson Mrs Tokunbo Awolowo-Dosunmu, said the call for nomination for the award was published for several months in 2023 and at the close of entries, many nominations of eminent persons were received, with Dr Adesina emerging as a unanimous candidate for the 2023 award.
Expressing his delight about the award and being in the company of previous eminent recipients, Dr Adesina, who has a Five Point Blueprint for repositioning the AfDB, said, “I am delighted to have been selected as a recipient of the prestigious Obafemi Awolowo Prize for Leadership.
“Joining Nobel Prize laureate, Prof. Wole Soyinka and former President of South Africa, Thabo Mbeki, as well as Aree Afe Babalola as prior winners of the prize is such a great honour,” he said.
Adesina, who simply describes himself as a ‘Kenyan, is the eighth elected President of the AfDB and the first Nigerian to be so elected to the position, having been elected on May 28, 2015, for the first time by the bank’s Board of Governors at its Annual Meetings held in Abidjan, Côte d’Ivoire.
He was re-elected for a second term in 2020 following an excellent performance acknowledged by supporters and critics alike.
The agenda of Adesina’s presidency at the AfDB with the ambition to Feed Africa, Light Up Africa, Industrialise Africa, Integrate Africa and Improve the Quality of Life in Africa, was particularly lauded by the organisers as capable of putting the development of the continent directly in the hands of its people.
General
Customs, NMDPRA Strengthen Interagency Efforts Against Fuel Diversion
By Adedapo Adesanya
The Nigeria Customs Service (NCS) and the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) are strengthening their collaboration to combat the diversion of petroleum products intended for domestic use and to safeguard Nigeria’s energy security.
This renewed partnership was highlighted during a meeting between Comptroller General of Customs, Mr Adewale Adeniyi and the NMDPRA Executive Director of Distribution Systems, Storage and Retailing Infrastructure, Mr Ogbugo Ukoha, at Customs House, Maitama, Abuja.
During the engagement, Mr Adeniyi reaffirmed the service’s commitment to strengthening inter-agency cooperation, particularly in safeguarding Nigeria’s domestic energy security and ensuring that petroleum products meant for local consumption are not diverted to neighbouring countries.
He noted that collaboration between both agencies had already produced measurable results, especially through Operation Whirlwind, which he described as a model for intelligence sharing, joint enforcement and coordinated field operations.
He said the Nigeria Customs Service remains fully aligned with ongoing reforms in the petroleum regulatory space and will continue to provide technical input, operational feedback and border management expertise to support the implementation of new guidelines being developed by the NMDPRA.
He commended the Authority for its efforts to harmonise legacy processes with the Petroleum Industry Act, stressing that clear and efficient export point procedures are essential as Nigeria moves from being a net importer to an emerging exporter of petroleum products.
“We welcome every initiative that strengthens energy security and ensures that the gains made in reducing cross border diversion are not reversed. Our shared responsibility is to protect national interest, support legitimate trade and maintain a transparent system that stakeholders can rely on. We will continue to work closely with sister agencies to achieve these outcomes,” he stated.
In his remarks, the Executive Director, Mr Ukoha, said the NMDPRA enjoys a longstanding and productive working relationship with the Nigeria Customs Service, noting that Operation Whirlwind remained the high point of that collaboration.
He explained that both agencies deployed personnel, exchanged intelligence and jointly monitored petroleum products in border corridors, leading to a marked reduction in cross border diversion.
Ukoha said the purpose of the visit was to brief the CGC on newly developed guidelines for designating export points for petroleum products as Nigeria’s refining capacity expands.
He said the NMDPRA is engaging key institutions, including Customs, the Central Bank of Nigeria (CBN), the Federal Ministry of Industry, Trade and Investment, and the Nigerian Navy, to ensure the guidelines reflect operational realities before implementation.
The NMDPRA executive recalled several field operations and strategic engagements with the Customs leadership, including the joint launch of Operation Whirlwind in Yola, where both agencies reinforced their commitment to curbing diversion and securing the domestic supply chain.
He added that while enforcement had played a major role in reducing irregular movements of petroleum products, the removal of fuel subsidy had significantly reduced the economic incentive for cross border smuggling.
According to him, the authority will continue to work closely with the Customs Service to sustain progress and ensure that petroleum exports are properly regulated without exposing the country to energy security risks.
General
Dangote Publishes Details of Farouk Ahmed’s Swiss School Fees for Kids
By Adedapo Adesanya
The president of Dangote Group, Mr Aliko Dangote, has published details alleging extensive foreign education expenses made by the chief executive of the Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr Farouk Ahmed, on four children in a new turn of event between the businessman and regulators.
Speaking on Sunday, the business mogul alleged that Mr Ahmed paid about $5 million for the secondary school education of his four children in Switzerland, and wondered how the government official could afford to pay such amount of money when there are several students in the home state of Mr Ahmed, Sokoto State. He threatened to published more details.
In the latest illustrated claims, Mr Dangote alleged that Mr Ahmed’s children attended secondary schools in Switzerland for about six years each. He listed the schools as Montreux School, Aiglon College, Institut Le Rosey and La Garenne International School. He named the children of Mr Ahmed as Faisal Farouk, Farouk Jr., Ashraf Farouk, and Farhana Farouk.
Mr Dangote alleged that the total cost of secondary education for the four children — covering tuition, upkeep, travel and related expenses exceeded $5 million.
He further claimed that an additional $2 million was spent on university education for the four children over a four-year period.
Specific figures were also cited for 2025, with Mr Dangote alleging that about $210,000 was spent on one child’s Master of Business Administration programme at Harvard University.
The breakdown reportedly includes $150,000 for tuition and $60,000 for accommodation, travel and other incidentals.
The claims have not been independently verified by Business Post at the time of filing this report but Mr Dangote revealed these details in an advertorial in most of the national newspaper on Tuesday.
Also, Mr Ahmed has yet to publicly respond to the allegations.
Mr Dangote earlier called on the authorities to institute a full scale investigation into the activities of the NMDPRA boss, with the outcome made public.
General
Supreme Court Empowers Tinubu to Declare Emergency Rule, Suspend Elected Officials
By Adedapo Adesanya
The Supreme Court has upheld the power of the President to declare a state of emergency in any state to prevent a breakdown of law and order or degeneration into a state of chaos or anarchy.
In a split decision of six-to-one, the apex court held that the President, during a state of emergency, can suspend elected officials, but within a limited period.
In the lead majority judgment, Justice Mohammed Idris held that Section 305 of the Constitution empowers the President to deploy extraordinary measures to restore normalcy where emergency rule is declared.
Justice Mohammed Idris noted Section 305 was not specific on the nature of the extraordinary measures, thereby granting the President the discretion on how to go about it.
The judgment was on the suit filed by Adamawa State and 10 other Peoples Democratic Party-led states challenging the propriety of the state of emergency declared by President Bola Tinubu in Rivers State, during which elected state officials, including Governor Siminalayi Fubara, were suspended for six months.
On March 18, President Tinubu declared a state of emergency in Rivers State following a reported attack on crude oil pipelines; and in the same breath, suspended the sitting governor and his deputy, Mrs Ngozi Odu. He then put in place a sole administrator.
This was challenged at the apex court by some states.
Justice Idris, in the earlier part of the judgment, upheld the preliminary objections raised by the two defendants against the competence of the suit.
In upholding the objections raised by the Attorney General of the Federation (AGF) and the National Assembly (the defendants), Justice Idris held that the plaintiffs (the 11 PDP states) failed to establish any cause of action capable of activating the original jurisdiction of the apex court.
He struck out the suit for want of jurisdiction, proceeded to also determine the case on the merits, and dismissed it.
However, Justice Obande Ogbuinya dissented and held that the case succeeded in part.
Among others, Justice Ogbuinya held that although the President could declare a state of emergency, he cannot use such powers as a tool to suspend elected state officials, including governors, deputy governors, and members of parliament.
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