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Nigeria’s eNaira: Could it be the world’s first cashless nation?

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I called on President Muhammadu Buhari a little over a year ago to make Nigeria the first country on the planet to abolish cash.

Perhaps he was paying attention.
The President announced last week that Nigeria will be the first African country to introduce a digital currency.

The eNaira is intended to reduce transaction costs and increase participation in the formal financial system, with the President claiming that its technology can “increase Nigeria’s gross domestic product by $29 billion over the next 10 years” in a televised address.

We want to see a Nigeria that is bold, creative, modern, capable of continental leadership, and driven by digital technology.

We are, in many ways, the ideal society to test this technology. The vast majority of Nigerians will own a smartphone within the next few years, and our country is already home to Africa’s largest and most important e-payment companies, such as Flutterwave, Opay, and Andela.

While many Nigerians are accustomed to receiving money electronically from relatives abroad, our entire economy still expects them to queue for cash at kiosks when spending that money at home – even though every transaction can be completed electronically at the touch of a button!

Cash’s days are numbered, despite the fact that it is old-fashioned and will be with us for a long time.

It’s not only out-of-date; in this era of Covid-19 and civil unrest, it’s also dangerous.

However, the true advantages of a digital economic system may be those that benefit our democratic system.

Physical cash is filthy money in more ways than one, and any system that relies on it makes corruption much easier.

Reducing the use of cash in public life could be a critical step in regaining Nigerians’ faith in the democratic process.

With anonymous and untraceable cash payments, transparency and accountability are practically impossible. And this has far-reaching implications for ensuring that public funds are spent as intended.

Take India as an example of how this can work. Bribery decreased by half after the Indian government began making pension payments digitally rather than in cash. I’m sure I’m not the only Nigerian who wishes for something similar to happen in our country.

Nigeria is making significant progress in this area as well. The government made impressive efforts to make palliative payments electronically during Covid-19, as well as taking significant steps to improve the transparency and governance of Covid-related spending, such as publishing procurement plans and notices for all emergency response activities, including the names of companies awarded contracts and the owners of those companies.

Now is the time for our elected officials to pursue transparency as well.

We are determined to use technology to improve accountability and transparency in Nigerian politics at the digital democracy campaign I lead.

We’ve created a free app called Rate Your Leader that allows voters to communicate directly with their elected officials in their communities. The Rate Your Leader app enables politicians to interact directly with the voters who elected them, fostering mutual trust and respect.

Rate Your Leader also assists local leaders in explaining and justifying every decision and dollar spent, ensuring that they are truly accountable to the people they serve.

And if their constituents are dissatisfied with the responses, they can give their politicians a low rating for all to see.

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We will be living our lives digitally in 2021. We go there to shop, socialize, learn, work, and even date. So, why does our economic system still expect us to conduct business in the same manner as our forefathers?

Our campaign’s message is simple: our politics and political institutions must take advantage of the digital age’s opportunities to become more accessible, transparent, and responsive – and more relevant to the people they serve.

Too much of our public payment, welfare, and transportation infrastructure is still based entirely on cash. This needs to be changed. The creation of the eNaira, on the other hand, is a significant step toward a cashless Nigeria – and an international achievement that we should all be proud of.

This would necessitate a significant commitment and investment on the part of the government. The government, on the other hand, could begin as early as tomorrow by aiming to make all government payments, such as Conditional Cash Transfer, digital by default.

Our country is transforming into a digital one. Our currency can no longer be analog.

Lagos Building Collapse: NEMA claims to have made contact with some of the victims

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The National Emergency Management Agency (NEMA) has confirmed that it has made contact with a number of victims trapped beneath the rubble of the 21-story building that collapsed on Gerard Road in Ikoyi.

Mr Ibrahim Farinloye, NEMA Coordinator, South West, revealed this at a press conference held at the scene of the incident.

According to him, some people trapped beneath the rubble have made contact with their loved ones.

What they are saying

A 21-story building that was still under construction in the Ikoyi area of Lagos State collapsed, according to Nairametrics.

On Monday, November 1, 2021, on Gerrard Road in Ikoyi, an unfortunate incident occurred. Nosa Okunbo, a LASEMA spokesperson who confirmed the collapse, said a high-rise building collapsed near Musliu Junction in Ikoyi, and that LASEMA is on the case.

“Some of them gathered around the muster point in the building when it collapsed. 

“Rescue operations have intensified, but with caution, to ensure that victims who are still alive would come out unhurt,” he said.

In case you missed it

Also, the Director-General of LASEMA, Dr Olufemi Oke-Osanyintolu, said, “Collapsed Building at Gerard Road, Ikoyi: The agency has activated its emergency response plan to the above incident.

“All first responders are en route to secure the scene while the heavy-duty equipment and life detection equipment have been dispatched.”

It is still unclear how many victims may be trapped under the rubble of the collapsed building.

Senate Slams FG on Envelope Budgeting, Ajaokuta Steel Project Ignorance

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The Senate Committee on Solid Minerals, Mines, Steel Development, and Metallurgy chastised the federal government on Monday for sending envelope budgeting to the National Assembly for approval.

According to the committee, the government talked a lot about economic diversification but only allocated a small amount of money to the solid mineral sector each year.

Uchechukwu Sampson Ogah, Minister of State for Mines and Steel Development, told the committee during budget defense that N10 billion of the ministry’s N23.4 billion budgetary allocation in 2022 is for personnel costs, N1.47 billion for overhead costs, and N11 billion for capital projects.

Members of the committee were enraged by the submission and criticized the sector’s low budgetary allocation, which they claimed should be second only to oil and gas.

Senator Tanko Al-Makura (APC Nasarawa), the chairman, stated, “The yearly ritual known as budget is garbage in garbage out, which will not take the country anywhere in terms of diversification.”

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Senator Smart Adeyemi (APC Kogi) said President Muhammadu Buhari’s economic team was clearly out of touch with reality in terms of what Nigerians require.

“How on earth would a minister propose N82 billion for mosquito net procurement while giving N10 or N11 billion to a sector as important as solid minerals?”

“In a country where there is an army of unemployed youths, the Ajaokuta iron and steel complex, which can employ about 50,000 Nigerians, is lying idle.”

“Nigeria is bleeding from this back-of-the-envelope budgeting, which is riddled with yearly repetition of line items and allocations.”

“The best way to do this is to remove whatever bottlenecks are preventing work on the Ajaokuta Steel Complex from continuing and completing it,” he said.

In response, the minister stated that envelope budgeting was not created by the ministry and that it affects other government agencies.

In defence of our new EFCC under Patriot Bawa

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By Philip Agbese

The forty-one-year-old, Mr. Abdulrasheed Bawa, executive chairman of Nigeria’s anti-graft agency, the Economic Financial Crimes Commission (EFCC) is widely known as crack detective in frauds and economic crimes. For a span of over 15 years in the EFCC, Bawa has dispensed himself as an iconic and phantastic discreet investigator in financial crimes detection and prosecution of suspects in Nigeria.

Strictly, a product of EFCC’s training, I was not surprised when President Muhammadu Buhari nominated him for the commission’s chair and the Nigerian Senate wasted no time in confirming him the agency’s boss on February 24, 2021. I always preach the values of commitment and hard work because it pays unexpectedly. Bawa is my latest idol in this regard.

Bawa came into public service at a tender age, very determined to serve his country diligently and honestly. From the outset, Bawa aspired to assist his fatherland unravel complex mysteries of covert economic crimes, which have tethered Nigeria’s development. So, after his engagement by the EFCC as a Private Investigator, he averred himself for training at the United States Federal Bureau of Investigation (FBI); the United States Financial Crime Enforcement Network (FINCEN), and United Nations Office of Drugs and Crimes (UNODC).

EFFC and its internal operations are very familiar to this financial crime fighter because he was among the foundation staff of the commission. Abdulrasheed Bawa was deployed to the EFCC as an Assistant Detective Superintendent (ADS) in 2004. I am impressed at his career progression; but I also know, it was not dashed to him on a platter of gold. He has earned my admiration because his elevation in the commission delivers a thoughtful lesson of reward in hard work and patriotism.

Before becoming the first non-police officer to head the EFCC, Bawa handled very dangerous and sensitive aspects of financial crimes investigations, but proved his mettle as a patriotic Nigerian public servant. He headed various EFCC Zonal offices, including Lagos and Port Harcourt. And the EFCC boss’s service in the anti-graft agency bears imprints of conclusive investigations and prosecution of high-profile cases of advance fee fraud, official corruption, bank frauds, and money laundering. But he refused to be compromised. These are impeccable credentials any Nigerian can proudly flaunt anywhere.

I have come to appreciate him the more because at every instance, Abdulrasheed Bawa neither disappoints his bosses nor Nigerians. But I know, fighting corruption in Nigeria is a difficult mandate to execute. Like Kenya’s anti-corruption evangelist, Professor PLO Lumumba often exclaim; fighting corruption is not a battle for the fainted-hearted. Nevertheless, in spite of the enormity of the task, Bawa’s youthfulness has not distracted his focus. His age notwithstanding, Bawa is equally a lion in the jungle in the face of looters and economic crimes offenders.

It was our own Vice President Yemi Osinbajo who once proclaimed, that everywhere corruption is fought, it fights back. We cannot deny that Nigeria is a cesspool of corruption. It is endemic and oddly dignified by some elites. Therefore, I am not appalled at the injurious darts hurled at Bawa at any time by his adversaries who work day and night to make him step on the axiomatic banana peels.

These enemies of Nigeria have plotted everything and anything to discredit Bawa’s personality and tarnish the image of the EFCC to make it impotent in the face of conspiratorial gangs of financial/economic crimes offenders. I expected that the siege on the Maitama, Abuja residence of a Supreme Court Judge, Justice Mrs. Mary Odili by security operatives would be dubiously and maliciously linked to the EFCC. I guessed accurately.

Trust Nigerians! We are good rubble rousers. We blamed Bawa and the EFCC for all the wrong reasons, but later evidence discountenanced the alarms as false. Truly, I was stunned at the level the incident was magnified and fresh windows of bile criticisms of Bawa generated. We delight in crucifying the innocent in favour of the guilty.

Unfortunately, the EFCC was persecuted over an act it never contemplated. Fables were crafted and narratives embellished which resisted every logic, but were spewed against the EFCC boss. Therefore, state governors, national parliamentarians, the NBA, rights activists, PDP, the main opposition political party, among others, rose in vociferous condemnations of the siege on the house of Justice Mrs. Mary Odili. It implies that Bawa was the target of some influential power brokers who are desperately searching for a space to cage him.

Justice Mrs. Mary Odili had no pending issues with EFCC. But in Nigeria, I know that most times, my compatriots’ mouth before cogitation. Certainly, ex-Rivers state governor, Dr. Peter Odili, Justice Mary Odili ‘s husband has his own altercations and nightmares with security agencies over his travelling documents.

And the security siege on the house of the Odilis was sprouted by a whistleblower, one Aliyu Umar who allegedly observed illegal activities at # 9, Imo Street, Maitama, Abuja, home of the Supreme Court Justice. Umar’s allegation compelled the Joint Panel Recovery unit of the Federal Ministry of Justice, to secure a search warrant from a Magistrate Court, leading to the security siege on the house of the Odilis. Till now, I cannot discern the nexus of the EFCC with the operation.

From the narratives I stitched together, it is obvious that the Supreme Court Justice Mary Odili was not the target, but had to bear the heat by virtue of matrimonial and residential association with her husband, Sir Peter Odili. Sadly, in Nigeria, we have placed some people above the law. We see them as demigods and untouchables, but offer others as sacrificial lambs. It’s our peculiar character as a people.

However, in the same African continent, former South African President, Jacob Zuma is now serving a jail term over contempt of court. It is the expression of the supremacy of the law. But perception of citizens in my country, Nigeria is different. And the most offending aspect of the incident was the attempt to falsely link Bawa to the raid or siege on the Odilis or whatever perceived wrong in the security operation.

These are far- rooted plots to intimidate Bawa and make him shirk from performing his duties, manifest in the conspiracy theories. It is meant to set him against the Judiciary, whose cooperation he needs to excel on the job. It’s a scare trick and I imagine the effect on the image of Nigeria in the international community, to read screaming headlines like “EFC C boss raids residence of a Supreme Court judge in Nigeria.”

Pleasantly, the incident has intensified my passion for a patriotic and loyal Bawa, who has remained unbowed despite glaring intimidations. Bawa is not just a youth, but an exceptional administrator and leader. His records of service yawningly attest to it. He is the constituency of Nigerian youths and we shall spare no weapon on his detractors or adversaries. Those wishing to drag his name in the mud should think twice.

Conspicuously, the EFCC boss is determined to discharge this presidential assignment with all decency and in conformity with the provisions of the law. In less than a year on the saddle, Bawa’s reforms and innovations have catapulted the anti-graft agency to a globally recognized financial crimes fighting commission. So, the enemies are trying to gag him, by attacking his credibility.

Observably, I see a confounding capacity of Bawa on the job, who amazes to a level one finds it difficult to blend his performance with his age. But he is a warehouse of experience in financial crimes fighting and no matter the complexity of the web of frauds, Bawa unties the knot. He is reorganizing the EFCC into a super anti-graft fighting agency of world class status. He is activating and operationalizing all the internal administrative structures/units of the EFCC as stipulated by law to streamline operations.

Bawa has purged the agency of attache staff who were famed for stalling case files of suspected looters and fraudsters. And the positive results are visible. In barely nine months of the year, Bawa’s leadership of the EFCC has secured a record 978 convictions, recovered properties from illicit wealth and billions of naira from the convicts in local and foreign currencies. The EFCC has also arrested over 1, 500 internet fraudsters who are being prosecuted.

Truth be told that such milestones are only possible because of the cooperation of the Judiciary and he cannot turn around to embarrass the same institution for no justifiable cause. I am optimistic that the anti-graft agency under Bawa’s watch cannot condescend to such levels of absurdity, infamy and brazen acts of glaring assault on the sanctity of our laws by invading the house of any Nigerian without due process.

I am one Nigerian who believes in Patriot Bawa and his leadership of the EFCC. Those who have devised ambush tactics to scare him have made the wrong calculations. Bawa may be young, with a tiny stature, but inside the small body-frame is encased a strong-walled heart. We are familiar with these strategies often adopted by Nigerians to frustrate or distract every determined public servant. We are ready to tackle them.

Agbese is an international human rights activist and public affairs commentator.

Anambra Poll: SNM Demands Sack of Prof Okey Ibeanu, REC over Alleged $4 million Bribery to Rig for APGA

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Again, the save Nigeria movement (SNM) has raised the second alarm of plot by top officials of the independent national electoral commission (INEC) to rig this weekend Anambra governorship poll in favour of Professor Charles Soludo of the All progressive grand alliance (APGA)

SNM convener, Rev Solomon Semaka at a press conference in Abuja fingered the INEC national commissioner in charge of logistics Prof Okey Ibeanu and the INEC resident electoral commissioner (REC), Dr Nwachukwu Orji as masterminds of the plot.

The group expressed concern that the duo have not been questioned over their alleged involvement in a $4 million bribery scandal as part of attempt to compromise the Anambra election in favour of APGA.

It noted: “Based on media reports, we quickly identified Gov Obiano and Prof Okey Ibeanu as those responsible for plans to truncate our democracy.

“Weeks after we called for the sack or suspension of Prof Ibeanu from INEC, it is disheartening to note that he is still in the Commission playing very unsavoury roles aimed at compromising the process.

“Just this weekend, Prof Ibeanu travelled to Awka to mobilise support for his paymaster. We understand that the Resident Electoral Commissioner (REC), Dr Nwachukwu Orji was his research assistant at UNN where he first helped him secure employment and later appointed REC. This means that the REC is at the beck and call of the Prof.

“The attention of the public and indeed all stakeholders is once again drawn to the unprofessional conduct of Ibeanu and his determination to not only skew the process in favour of Obiano but use his office to stampede the REC and the LG electoral officers do his bidding. Information at our disposal also revealed that the Prof has collected more funds and was in Anambra State during the weekend to distribute same.

“While security agencies and INEC are yet to commence the investigation of the Professor, we demand that such enquiry is begun immediately.”

The group thereby demanded the immediate probe and suspension of Prof Ibeanu insisting that no sensitive duty must be assigned to him in the entire period of the Anambra Governorship election considering his alleged compromised dispositions

The group also called on all NGOs and critical stakeholders to look into the allegations against Prof Ibeanu and advise him to recuse himself from the election in Anambra State.

“We make these demands believing that appropriate agencies will rise to the occasion and do the needful. Professor Ibeanu has become a ticking bomb. Let all men and women of good conscience diffuse now before he explodes on everyone. A stitch in time saves nine. To be before warned is to be before harmed, it added.

Reps condemn the siege of Peter Odeili’s residence

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The House Judiciary Committee has condemned the siege at Justice Peter-residence, Odili’s calling it a repudiation of judicial independence and an assault on the nation’s judiciary’s sanctity.

To that end, the Committee has called for a discreet investigation to uncover the perpetrators of the act, which he claims has the potential to strain the existing relationship between the Judiciary and Executive branches of government.

The Chairman of the committee, Rep. Onofiok Luke, stated in a statement, “It is mind-boggling that in the dusk of 29 October 2021, the Judiciary was once again exposed to public opprobrium, due to the uncanny manner in which the residence of the Honourable Justice Mary Peter-Odili of the Supreme Court of Nigeria, was invaded by law enforcement officials purportedly on an assignment to execute a search warrant, issued by a

According to him, what is troubling is that the said warrant was revoked by the issuing Magistrate after it was discovered that it was obtained by the Applicant on the basis of misrepresented facts.

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He stated that his Committee, which is currently interacting with the Judiciary for improved judicial reform and justice system, wished to add its voice to the repeated call by Honourable Justice Tanko Muhammed CJN, on all Judicial Officers to exercise greater caution in issuing ex-parte, conflicting, and questionable orders that are capable of bringing disrepute to the nation’s Justice system.

“This unfortunate development serves as a wake-up call to tighten administrative and supervisory control over the operations of the country’s law enforcement agencies.”

“To that end, we sympathize with the Honourable Attorney General of the Federation, who is constitutionally accountable for the actions and inactions of the law enforcement agents who purportedly executed the said warrant, putting the AGF in the unavoidable position of defending his office in front of the populace.”

“The siege is reminiscent of the 2016 incident, in which security agencies invaded the private residences of judicial officers in the middle of the night, which later turned out to be an underserved phenomenon, and a dent on our professed independence of the judiciary, and demanding protection for our judges.”

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“As we already know, the judiciary emphasizes due process in the administration of justice, and the House Committee on the Judiciary pledges to collaborate with the judiciary and relevant stakeholders to secure the nation’s democracy, because citizens’ trust and respect in the judiciary will likely dwindle if incidents of this nature continue unabated,” he added.

As a result, he pledges the committee’s efforts to ensure the sanctity of the nation’s judiciary while continuing to support the judiciary’s independence.

Enyimba, Rivers hope to eliminate North African opponents

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Enyimba and Rivers United will be hoping to eliminate their North African opponents from the CAF Confederation Cup, becoming the first Nigerian teams to do so since the 2018/19 season.

Nigerian teams have struggled to beat their North African counterparts in the CAF Champions League and Confederation Cup, with Enugu Rangers the most recent team to knock one out of the CAF inter-club competitions.

In the preliminary phase of the 2018/19 season, the Flying Antelopes defeated Algerian side USM Bel Abbès 2-0 on aggregate to advance to the first round, before defeating Lesotho’s Bantu 4-2 on aggregate to reach the group phase.

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Enyimba and Rivers United are paired with North African sides Al Ittihad and Al Masry in the 2021/22 playoff round.

Rivers United are the most recent team to be defeated by a North African team, having lost 2-1 on aggregate to Sudan’s Al Hilal in the CAF Champions League group stage qualifiers last week, while Enyimba’s last defeat in the competition came in the 2017/18 season, when they were defeated 3-1 on aggregate by Tunisia’s Raja Casablanca in the semi-final.
In the 2017/18 season, four Nigerian teams advanced to the group stage playoffs round, with only Enyimba advancing.

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Akwa United were defeated by Al Hilal on the away goal rule, while Plateau United were defeated 5-2 by USM Alger. MFM FC was defeated by Djoliba of Senegal.

Masari’s chief of staff rejects the 2023 campaign posters

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Alhaji Muntari Lawal, Chief of Staff to Katsina State Governor Aminu Masari, stated emphatically on Sunday in Katsina that he has no plans to run for any political office in the 2023 elections.

Lawal made the statement in response to posters announcing his intention to run for senator that were plastered throughout the state.

“I have never discussed with anyone the possibility of running for any political office, let alone the position of Senator for Katsina Central.”

“Imagine, even if I am contesting, how can I contest the position that my in-law currently holds?” He is not only my in-law, but also my next-door neighbor.

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“Can you see the issue?” So they intend to smack our heads together. That’s not my style. This is an attempt to confuse or mislead us.” It is also a calculated attempt to tarnish my image as well as the image of our great party, the All Progressives Congress (APC).

“As a result, I am not running for any political office, not even in my own house.” “I am always loyal to my boss, the governor, as well as dedicated to my work.” Just as he stated that he will return to the farm after 2023, I will return to the farm and continue with my life.”

According to Lawal, if such posters were distributed by his supporters, they were not being fair to him because he had not been consulted about such a decision.

“I believe they don’t have good intentions for me, and I believe that as the 2023 elections approach, more of this type of blackmail will emerge.” He stated.

With a grant of N5 million, a legislator helps a constituent

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Bashiru Dawodu, the lawmaker representing Oshodi/Isolo Federal Constituency 1, has given a N5 million grant to 250 people in his constituency to help them with their businesses.

The beneficiaries, who each received N20,000, included women, artisans, and unemployed youths. The event took place at Owosheni Primary School in Oshodi over the weekend.

The event, according to Dawodu, was organized to relieve constituents and provide them with democratic dividends.

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Olusola Oluwole-Adeolupo, the Coordinator of the Industrial Development Centre (IDC) of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), urged the recipients to take advantage of the grant.

EKOEXCEL, a Lagos State e-technology-based basic education development initiative, has participated in Hour of Code lessons in primary schools for students in grades 1 to 6.

The Hour of Code is a global computer science initiative led by code.org that aims to introduce students to computer programming concepts in a fun and creative way.

“The Hour of Code is designed to demystify code and show that computer science is not rocket science,” Hadi Partovi, the Founder and CEO of Code.org, said.

Religious Leaders Tell Buhari to Release Kanu to Us, Free IPOB Detainees, and S’East Monarchs

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Ahead of the governorship election in Anambra state on November 6, prominent leaders in the South East region, led by the South-East Council of Traditional Rulers and Christian leaders, have urged the Federal Government to release Mazi Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), to them in order to put an end to the region’s bloodshed and destruction.

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While urging the Federal Government to de-proscribe IPOB and release its detained members, the leaders also urged IPOB not to interfere with the election’s smooth running.
It also demanded that all scheduled sit-at-home orders be canceled, claiming that they have already wreaked havoc on our people.

The South-East Council of Traditional Rulers and representatives of Igbo Archbishops and Bishops issued a joint statement on Sunday urging the Federal Government to de-militarize the region.