Home Blog Page 738

Nigeria may lose N400bn daily, says CPPE

0

A planned nationwide protest, scheduled to commence on August 1, 2024, has sparked concerns among economic experts, who warn of devastating consequences if not properly managed.

The Centre for the Promotion of Private Enterprise has cautioned that the protests could inflict an estimated daily loss of N400bn, with severe consequences for the country and its citizens.

The Director/CEO of CPPE, Dr. Muda Yusuf, disclosed this in a statement on Sunday.

“The protests could inflict an estimated daily loss of N400 billion, if not properly managed. The consequences of such a huge loss for the country and the citizens would be very severe,” he said.

The protests, organised by various groups in the country, are aimed at drawing attention to the country’s economic woes, including high inflation, production costs, unemployment and hunger.

However, economic experts fear that the protests could lead to shutdowns and disruptions in major sectors of the economy, including trade and commerce, manufacturing, and financial services.

“There is a high risk of shutdowns and disruptions in major sectors of the economy. This is in addition to risks to lives and properties of innocent citizens and corporate bodies,” Yusuf warned.

The CPPE has urged the protest organisers to cooperate with the police to ensure peaceful and orderly protests and advised that the duration of the protests should be short, possibly one day.

“Prolonged protests create opportunities for hoodlums, miscreants, and other criminal elements in the society to build momentum to unleash mayhem and destruction on the country,” he said.

The organisation has also urged the administration to implement its economic stabilisation plan to ease production costs and reduce inflationary pressures.

Sanwo-Olu, minister to grace Jakande memorial lecture

0

The Minister of Information and National Orientation, Alhaji Mohammed Idris; Governor Babajide Sanwo-Olu of Lagos State, and a former Ogun State governor, Chief Olusegun Osoba, will grace the second Alhaji Lateef Jakande Annual Memorial Lecture on Tuesday in Lagos.

At the event, the Chairman, THISDAY/Arise Media Group, Prince Nduka Obaigbena, is expected to share with editors, media executives and other stakeholders, the survival strategies as Nigerian media grapple with a harsh economic environment.

With the theme “Rapidly Changing Media Landscape: Survival Strategies,” the lecture, which is slated for 10 am at Radisson Blu Hotel, Isaac John Street, Ikeja, Lagos, will be chaired by Idris; while Governor Sanwo-Olu will be the Special Guest of Honour.

In a statement issued on Sunday and signed by the Nigerian Guild of Editors President, Eze Anaba and the General Secretary, Dr Iyobosa Uwugiaren, it was revealed that the Publisher of Vanguard Media Group, Uncle Sam Amuka; former governor Osoba and an ex-minister of foreign affairs, Gen. Ike Nwachukwu (retd.), will be Fathers of the Day.

According to the professional body of editors and media executives, the annual lecture, which was instituted in 2023 by the NGE – in honour of its Founding President, the late Alhaji Lateef Jakande, is both a testament to the cherished service rendered by Jakande, and an acknowledgment of the significance of having such a conversation for the overall good of the media and the country.

The NGE was formed on May 20, 1961 to serve as an elite organisation of editors, through which editors as professional heads of their publications could enhance their professional interests by networking to discuss/address common challenges and developing relationships with their various audiences in the media itself, governments, professional and trade associations.

Originally named the Guild of Newspaper Editors of Nigeria, it was later renamed the Nigerian Guild of Editors to accommodate colleagues in the broadcast/online media.

According to the NGE, Jakande rallied his professional colleagues to form the body that was conceived to occupy the strategic middle ground of editorial senior managers between media owners and the general workforce of journalists.

The guild said after discharging “uncommon duties” to the Nigerian media, Alhaji Jakande went on to render appreciable service  as the first civilian governor of Lagos, and as a federal Minister of Works and Housing.

The statement said, “Sixty-three years after, the NGE,  the professional body of editors and media executives, remains a respected organisation among professional associations, and a leader in the media landscape.

“And Alhaji Lateef Jakande’s name remains treasured whenever committed service is mentioned in the media and public service.

“Consequently, as part of nurturing a culture of appreciation, the NGE, in 2023, instituted an Annual Lecture in honour of its late pioneer president, Alhaji Jakande – to continue to interrogate developments affecting the media and society.”

LH Telecoms acquires majority stake in 9mobile

0

LH Telecommunication Limited has acquired a majority stake in Emerging Markets Telecommunication Services Limited, the parent company of 9mobile.

According to a statement on Sunday, the acquisition, approved by the Nigerian Communications Commission and the Federal Competition and Consumer Protection Commission, allows a new board to take over the struggling telecom operator.

Although the financial terms of the deal were not disclosed, the company indicated that the takeover was subject to regulatory approvals.

“The investment, approved by the African Export-Import Bank, the senior lender to 9mobile in May 2023, has resulted in a change in control of 9mobile in favour of the new investor by the issuance of new shares amounting to 95.5 per cent of 9mobile to the new investor in consideration for the injection of fresh capital into the company,” the board said.

The new ownership structure is expected to bring stability and fresh investment to the company, enabling it to compete more effectively in Nigeria’s highly competitive telecom market.

The new board will be chaired by Thomas Etuh, with Nahim Ibraheem and Femi Edun joining as new members.

Others include a former Nigerian Senator, Daisy Danjuma, Michael Ikpoki, Ibrahim Puri, Gloria Danjuma, and Emmanuel Etuh.

Obafemi Banigbe was appointed as the Managing Director and Chief Executive Officer to lead the company through its transition phase and drive its recovery.

The new CEO, Banigbe, whose appointment was announced a few weeks ago, is expected to bring his extensive experience at the C-suite level and a profound understanding of the African business landscape.

9mobile, formerly known as Etisalat Nigeria, was acquired by Teleology Holdings with high hopes of turning it around but has continued to struggle in the Nigerian market.

The operator has faced customer attrition, losing subscribers from its peak of 22 million in October 2016 to just over 15 million in November 2018.

Six years later, the operator trails behind with 11.7 million voice subscribers and 3.3 million internet users, according to the National Bureau of Statistics Telecoms Data released early this month.

CBN classifies inactive 10-year accounts as dormant

0

The Central Bank of Nigeria has clarified that only accounts that have been inactive for over 10 years are eligible to be classified as dormant and will be used for investment purposes.

It also stated that a dedicated office would be created to manage dormant accounts and unclaimed balances.

The apex bank disclosed this in its recently issued document titled, “FAQs – Guidelines on Dormant Account and Unclaimed Balances – July 25, 2024,” posted on its website.

The Guidelines on the Management of Dormant Accounts, Unclaimed Balances and Other Financial Assets in Banks and Other Financial Institutions in Nigeria is a policy issued by the CBN that seeks to operationalise Section 72 of the Banks and Other Financial Institutions Act, 2020 and standardise the management of dormant accounts and unclaimed balances.

The CBN had earlier disclosed that it might invest funds from dormant accounts, unclaimed balances in Nigerian Treasury Bills, and other government securities.

According to the apex bank, it will manage these funds in trust, refunding the principal and any accrued interest to beneficiaries within 10 working days of receiving a reclaim request from the financial institution.

It stated, “Dormant accounts are accounts that have been inactive for more than 10 years.  Eligible accounts are dormant account balances that have remained with the FIs for 10 years or more.

“These eligible accounts include current, savings, term deposits in local currency, domiciliary accounts, deposits for shares and mutual investments, prepaid card accounts and wallets, government-owned accounts, and others as specified in the Guidelines by the CBN.”

The CBN also noted that financial institutions were required to notify customers immediately and every quarter when their accounts become inactive or dormant.

The FAQ document read, “The CBN shall establish a dedicated office for this purpose. The office will be supervised by a management committee.”

“The interest payable shall be at a rate to be determined by the CBN from time to time. For non-interest banks, the profit and loss on the unclaimed balances shall be determined by the CBN from time to time.

“The CBN will refund the principal and any interest on the invested funds to the beneficiaries within 10 working days of receiving a reclaim request from the FI.”

According to the new guidelines, the CBN will create and manage a dedicated account called the “Unclaimed Balances Trust Fund Pool Account” to warehouse unclaimed balances.

The guidelines specify that eligible accounts for dormant status include current, savings, term deposits in local currency, domiciliary accounts, deposits for shares and mutual investments, prepaid card accounts and wallets, and government-owned accounts.

Reactivating a dormant account involves account owners completing a reactivation form at their respective financial institutions, providing evidence of ownership and valid identification.

However, some accounts are exempt from being considered dormant, such as accounts subject to litigation, judgment debts under active court cases, accounts under regulatory investigation, and encumbered accounts like collaterals and liens.

Justifying this policy, the CBN Governor, Yemi Cardoso, said dormant accounts in Nigeria are more susceptible to fraudsters and the reason for the apex bank’s latest policy is for the safe keeping of the funds in dormant accounts.

NIDCOM commends Optiva Capital on national development

0

The Chairman of the Nigerians in Diaspora Commission, Abike Dabiri-Erewa, has commended wealth management and investment immigration firm, Optiva Capital Partners, for its commitment to national development.

A statement from the firm on Sunday said that the commendation came during the 18th annual National Diaspora Day celebrations held at the Banquet Hall of the Presidential Villa, Abuja.

Dabiri-Erewa expressed her gratitude to partners and sponsors, particularly highlighting Optiva Capital Partners for their collaboration with NIDCOM.

She emphasised the importance of providing a platform for Nigerians globally to engage and invest in their home country in meaningful and impactful ways.

Dabiri-Erewa stressed the importance of creating investment opportunities for the diaspora, noting that NIDCOM is working with private companies and the Ministry of Industry, Trade, and Investment to facilitate these investments.

National Diaspora Day, celebrated annually on July 25, acknowledges the significant contributions of Nigerians living abroad, including their economic, social, and cultural impact.

The theme for this year, ‘The Japa Phenomenon and its Implication for National Development,’ reflects the growing trend of migration for better opportunities.

 Speaking at the event, the Executive Director of Business Development at Optiva Capital Partners, Amaka Okeke-Lawal, representing Chief Executive Officer, Dr Jane Kimemia, said, “Our partnership with NIDCOM extends beyond the National Diaspora Day celebrations. Optiva Capital is committed to leveraging our extensive network to support Nigerians interested in investing in key sectors such as real estate, hospitality, health, education, ICT, and agriculture. This partnership aims to create new opportunities and enable our diaspora community to achieve their investment goals while contributing to national development.”

Optiva Capital Partners and NIDCOM recently formalised their collaboration through a Memorandum of Understanding, focusing on providing services tailored to the needs of Nigerians worldwide.

Nigerians in the diaspora have been pivotal in the country’s development, with remittances totalling $99bn over the past five years, according to World Bank statistics.

In a message delivered by the Secretary to the Government of the Federation, Senator George Akume, President Bola Ahmed Tinubu urged the Nigerian diaspora to be active participants in the nation’s development.

He shared his experience in the United States and his subsequent return to Nigeria, motivated by a desire to contribute to national growth.

orm named ALATP

Fuel rises to N1,300/litre as depots run dry

0

Many depots for Premium Motor Spirit, popularly called petrol, are currently dry, leading to fuel scarcity and attendant queues in Lagos, Ogun, parts of Abuja, Niger, and some other states across the country.

The According reports that black marketers have taken advantage of the situation, selling as high as N1,300 per litre and N1,500 per litre in parts of Lagos and Ogun states.

Long queues started building up at fuel stations in Abuja and Lagos on Friday and have persisted.

On Saturday, while reacting to the long queues and scarcity in some parts of the country, the Nigerian National Petroleum Company Limited said the tightness in fuel supply and distribution was caused by a hitch in the discharge operations of a couple of vessels.

“The NNPC Ltd wishes to state that the tightness in fuel supply and distribution witnessed in some parts of Lagos and the FCT is as a result of a hitch in the discharge operations of a couple of vessels,”  the NNPC Chief Corporate Communications Officer, Olufemi Soneye, said.

The company added that it was “working round the clock with all stakeholders to resolve the situation and restore normalcy in the operations.”

However, despite the assurance by the NNPC, the situation worsened as checks by our correspondents nationwide on Sunday showed that there were long queues at several filling stations across major cities.

No loading at Apapa

The According gathered that there was no loading of trucks in the Apapa depots as of Sunday.

A depot operator, who did not want his name in print, told our correspondent that there was no fuel in almost all the depots on Sunday after the little available was supplied on Saturday.

The source confirmed that the depots are dry, saying “supply gets late thereby affecting product load out.”

It was observed on Sunday in Abuja, the capital city that while the few filling stations that dispensed the product sold it at between N660/litre and N800/litre, black marketers took advantage of the scarcity to hike the price to about N1,200/litre, depending on the area of purchase.

This came as oil marketers revealed that they were also queuing up to load petrol, adding that most depots lacked stock to sell.

“We, marketers, too are surprised that we couldn’t get fuel as we used to get at depots. We were worried too; we didn’t know the cause until the NNPC came out with a release on Saturday. Let’s just believe what the NNPC said, that they would arrest the situation,” the National Vice President of the Independent Petroleum Marketers Association of Nigeria, Hammed Fashola, told one of our correspondents.

“I believe that within this week, everything will be normalised by the time they push products to the depots for marketers to pick from. Ours is to pick from the depots, take it into our stations, and dispense to the public. But for now, most of the depots are dry. The implication of that is that the stations will be dry too. Most of our members have run out of stock. That is the cause of the queues we are experiencing now,” Fashola added.

He noted that marketers were still buying PMS “at a price that is above N700/litre from the private depots.”

“We are not yet getting direct supply from the NNPC as we are supposed to. What we are getting is so small compared to our population. That is why we are forced to go to the third parties, the private depot owners, and they are not helping matters with the kind of price they are putting out there.

“That is why independent marketers sell around N800 or so. Until we address this issue of direct supply, there will be issues. We keep shouting to the NNPC to look at that area properly because something is fundamentally wrong with our distribution channel and until they correct that, we will continue to have this issue of fuel scarcity.”

On his part, the Executive Secretary of the Major Energies Marketers Association of Nigeria, Clement Isong, also confirmed that there had been low stock but could not tell when the situation would improve.

“The problem is that the stock is low because there have been some challenges in bringing the product into the country from the vessels. We are all queuing up for products, everybody is looking for the product from the NNPC. Only the NNPC knows when normalcy will be restored. It is the sole supplier,” he stated.

The spokesperson for the NNPC, Olufemi Soneye, did not respond to inquiries on Sunday on when the fuel supply situation would improve up till when this report was filed.

N1,500/litre in Ogun, Lagos

Our correspondents who visited parts of Lagos and Ogun states on Sunday reported that many fuel stations did not open for business while the handful that opened had long queues of vehicles and people buying in jerrycans. Black marketers had a field day selling to impatient motorists at between N1,200 and N1,500 per litre, depending on the location.

A bus driver, Elijah Sunday, who spoke to one of our correspondents at the Ketu motor garage in Lagos, lamented the struggle to get PMS.

“We have been finding it hard to get fuel for the past couple of days and it’s expensive, so, we had to increase the rates,” he said.

A minibus driver plying the Eko Hotel-CMS route in Lagos insisted on N300 instead of N200, citing the fuel scarcity.

Fuel queues were observed at PM Petroleum at Cele Bus Stop along the Oshodi-Apapa Expressway. At the North West filling station close to CharlyBoy Bus Stop at Gbagada, Lagos and the NNPC station at Ogudu, there was a long line of vehicles.

At Petrocam, a filling station in Ajao Estate, Lagos fuel sold for N780 per litre.

The According observed that there was a long queue at the NNPC station along the Cele Expressway, where the pump price was set at N568 per litre.

One of our correspondents gathered on Sunday that a litre of PMS was sold at N1,200 in Ipokia, a border community in Ogun State.

Similar scenarios also played out in some residential areas in Abuja where black marketers sold their fuel at between N1,000/litre and N1,200/litre.

Residents of Idiroko, Ajegunle, Maun, Ijofin, Agosasa, Madoga and other areas in the Ipokia Local Government in Ogun State said they now patronise black marketers, following the ban on fuel supply in border areas.

“You know we have about four filling stations servicing the entire local government area because we are in the border areas. They sell at N870/litre now while black marketers sell at N1,200/litre. That is our punishment for living at the border,” a resident, Sam Adegoke, stated.

Many of the filling stations in the Ogun State capital didn’t sell the product, and some who did, exploited desperate buyers, who paid as much as N1,000 before they had the product sold to them.

Similar case in South-South

In Benin City, the Edo State capital, motorists queued for long hours to purchase fuel at the NNPC mega station on Sapele Road and  NIPCO in the Jattu area in Auchi.

The long queues at the NNPC station are a common occurrence as the product is sold for N591 per litre, the cheapest in the state.

In other stations in Benin, a litre of PMS was sold for between N750 and N800.

Northern black marketers  

In Gombe, fuel sold between N850 and N1,000 across major stations, while black marketers made brisk business, selling for N1,250 per litre as frustrated motorists resorted to buying the product from them following the scarcity.

“You may think that the amount sold by the roadside people (black marketers) is expensive until you are in a fix and you can’t access a filling station with petrol, then you will be left with no option but to patronise them despite the ridiculous amount,” a motorcyclist, Usman Abubakar, told The According.

Motorists in Jos, the Plateau State capital, expressed concern over the persistent scarcity and high cost of the commodity, saying that the situation had worsened the economic hardship.

Black marketers in parts of Jos sold for N1,300/litre.

A motorist, Philip Gyang, said he had been in the long queue at the NNPC filling station along Dogon Karfi Road for over four hours but couldn’t get the product to buy.

“At the black market I paid N1,300 per litre before joining the queue at the NNPC outlet, where I eventually couldn’t get to buy,” Gyang lamented.

A Jos resident, Margaret John, said the scarcity had further increased the cost of living in the state.

“Can you imagine that I paid N500 from Polo Roundabout to Anguldi, when I was going to the church today (Sunday). When I was returning home, the driver insisted that I paid N700, it’s not funny. People are already complaining about the harsh economic conditions, now the fuel scarcity and high cost are worsening the situation.”

A car owner in Minna, the Niger State capital, said he had abandoned his car at home over fuel scarcity and skyrocketing prices.

“Yes, I have a car but I am not using it now. How many litres of fuel will I buy to be able to come to work? But with two or three litres of fuel, I can come to work on my motorcycle. It is not easy but it is cheaper. This government must act fast, Nigerians are suffering,” a state civil servant, who identified himself simply as Mutum, said.

Also, queues resurfaced in Katsina and Taraba states.

Our correspondents report that Katsina and Jalingo, the capital of Taraba, witnessed long queues in various parts of both cities on Sunday.

A motorist, Mallam Abdulrazakk, said he spent over five hours at the Abukur NNPC mega station, located on the outskirts of Katsina metropolis, without success.

“I was here before 8 am and now it is 1:40 pm and still in the queue, only Allah knows when I will be given fuel today (Sunday). I’m waiting.”

In parts of Yola, the Adamawa State capital, black marketers sold PMS for between N1,000 and N1,200.

“At the black market we buy between N1,000 and N1,200 per litre, so, we need to jack up the fare to enable us to stay in business,” a commercial bus driver said.

Heart-rendering stories of NOUN law students as varsity cancels programme

0

These are definitely challenging times for the Law students of the National Open University of Nigeria, especially those in their final year, after they had their programme terminated by the authorities of the tertiary institution, writes GRACE EDEMA

Having lost his job in 2017, Ade Oludokun sought to enhance his prospects by returning to school to study Law. He opted for the National Open University of Nigeria as his institution of choice. However, after a few years, he faced financial difficulties when he lost his salon and taxi business, jeopardising his ability to fund his studies. In 2022, with the support of his friends, he managed to resume his programme. With over N2m invested in it, he was devastated to learn of the university’s decision to cancel the programme.

The National Open University of Nigeria, established in 2002, is an Open and Distance Learning institution with 103 Study Centres spread across the geopolitical zones of Nigeria.

In a state of sadness and confusion, he stated: “I am in deep emotional pain regarding the termination of the LLB Law Programme at the National Open University of Nigeria by the school authorities. When I was admitted to the institution, there was no indication that my course would be terminated midway. They assured me of graduation and progression to Law school, but unfortunately, their system has continually complicated the entire process.

“Back in 2017 when I lost the financial means to continue my studies, I was in such despair that I almost took my life. It was by the grace of God that I didn’t do so. However, law has always been my passion and professional aspiration, and I never imagined my life without achieving this goal. This alone illustrates the depth of my current emotional turmoil. The National Open University of Nigeria never considered how devastating it would be to terminate my LLB Law Programme just as I was nearing graduation in 500 Level, with only seven credit units left to complete.

“In this regard, I am lodging a grievous complaint that, after investing over N1.5m, along with significant time, effort, and dedication towards my Law studies, NOUN has callously terminated my course.”

Out of concern for potential victimisation, some affected students preferred not to disclose their identities.

Bertram, who chose to enrol at the Port Harcourt NOUN Centre, recounted a harrowing experience of being kidnapped on his way to the centre in 2018. He told our correspondent that he had to pay a ransom of N500k after being held captive for a week.

“I used to reside in Ahoada. One day, while en route to the NOUN Port Harcourt study centre, my car was ambushed by kidnappers and I was abducted. I remained in captivity for a week without any contact with the outside world.”

He expressed dismay that despite his unwavering commitment to the programme, the university cancelled it.

“I am a 500-level Law undergraduate student at the National Open University of Nigeria, Port Harcourt Study Centre. During my time at NOUN, I faced several challenges. In addition to being kidnapped along the PH East/West Road, in the academic year 2015/2016, the school portal crashed, resulting in the loss of that year’s academic results. These incidents significantly disrupted my studies and delayed my progress toward completing the programme.

“In the first semester of 2023, rumours began circulating about the imminent closure of the Law degree programme by the end of the year. To find a resolution, many of us, anticipating the impact, identified ourselves and sought an extension of the programme through appeals to the VC and Dean of the Faculty, via letters and numerous visits to the school. Unfortunately, our requests were not positively received. Subsequently, we sought intervention from the National Assembly (House of Representatives). Hearings were conducted between the school management and the affected students, and closed-door meetings were held between the school and the committee on tertiary institutions of the House of Representatives. Regrettably, the outcome of these meetings was never communicated to us, the affected students.”

“At the outset of the first semester of 2024, students from the faculty discovered that they were unable to access the portals, resulting in a disruption of their studies and the abrupt closure of the Law programme,” he said.

He urged the NOUN university system, stating, “This is an unfortunate situation that has caused frustration and dashed the dreams and ambitions of aspiring lawyers who aim to contribute to national development. Significant financial investments, time, and personal sacrifices have been made in pursuit of this programme, which has now been abruptly terminated without any formal notification. This is an appeal to the relevant authorities to intervene and compel the management of the National Open University of Nigeria to restore access to the portals, allowing us to continue and complete our studies.”

Sadiku recounted how he financed his Law programme at NOUN with the support of his wife after losing his job. He mentioned completing his projects and exams, only to be shocked by the sudden halt of the programme.

He stated, “We urgently appeal to the public and relevant authorities to intervene and compel NOUN management to reconsider its unjust termination of the Law programme. This decision not only violates our right to education but also contradicts principles of equity, fairness, justice, and natural law.”

For Sadiku, all he was left with was to finish the remaining six courses and graduate as he had completed his final project and received his grade.

“It is incredibly painful to be dismissed at this critical stage. Adding to the pain is the knowledge that the university made this decision to pave the way for a new LLB programme. Formerly employed at International Brewery in Ilesa, Osun State, until I lost my job in 2017, I managed to fund my education with the support of my spouse. Earlier this year, I secured a teaching position.

Under the banner of the Concerned Law Students of the National Open University of Nigeria, we express our dismay over the unjust treatment inflicted upon us by the university management – an act that blatantly violates our fundamental human rights.”

Sadiku narrated some other challenges of the system.

“The National Open University of Nigeria was established in the early 2000s with a promise to provide accessible education, particularly through its Law programme launched in 2002/2003. Despite initial accreditation challenges, the programme continued until 2015. However, recurring infrastructural issues, including the loss of academic records, have plagued the university over the years. Despite assurances of accreditation progress, students faced setbacks such as system crashes, requiring them to retake previously passed courses. Despite these challenges, some NOUN Law graduates were admitted to the Nigerian Law School under special remedial programmes after assurances from regulatory bodies.’’

He appealed to the government and NOUN management to grant an additional academic year to allow affected students to complete their studies and increase the number of units allowed for registration to accommodate students with outstanding credits.

Legal professional reacts

A Senior Advocate of Nigeria, Mr Isiaka Olagunju, maintained that NOUN knew that the admission was not recognised because a part-time Law degree was not acceptable in Nigeria.

“Unfortunately, the Law programme at NOUN was cancelled. I agree that options should have been given to the students, particularly 500-Level students, to be affiliated with other universities to complete their programme, instead of total cancellation.

“The management of NOUN should be held responsible for the students’ predicaments. They had been aware that a part-time Law degree was not acceptable in Nigeria. That is the only option because the admission in the first instance was not recognised,” Olagunju said.

Prof. Sam Erugo (SAN) said, “The truth is, the NOUN Law degree programme has consistently been viewed as conflicting with Nigerian laws that regulate legal training, akin to evening and part-time Law programmes. Legal professions are regulated worldwide, including in Nigeria. Earlier graduates of the NOUN Law programme faced years of exclusion from the Nigerian Law School until a compromise was reached. They were required to complete a remedial one-year programme at the Law School before joining graduates from regular Nigerian universities for the Bar Part 2 programme. This compromise was made in the interest of fairness and justice, though it did not alter the existing regulations. These pioneer students are currently progressing through the Law School.

“Therefore, the cessation of the NOUN Law degree programme was not sudden; discussions surrounding it have been ongoing for some time. Stakeholders would have taken steps to ensure that all legitimately enrolled NOUN law students can graduate.”

A lawyer and founder of Mission Against Injustice in Nigeria, Ige Asemudara, said allowing NOUN’s Law programme to continue would undermine regulatory policies and fairness to other aspiring lawyers, saying the decision to halt the programme aligned with the need for consistent policy enforcement and fairness in legal education.

He said, “Some of these things have implications. Apart from the inadequacies of the NOUN programme, the quota system was breached. The Law school facilities were unduly strained. Those who had done part-time law abroad or at some Nigerian universities but were denied admission to Nigerian Law School genuinely felt that it was unfair to them. So, there was never a time the Law programme at NOUN could be allowed to continue. It slapped policy on its face and made a mockery of the capacity of the Council to regulate Law programmes. I am not surprised at the decision to stop the programme. I am not perturbed by it.”

NOUN

Efforts made by our correspondent to get the NOUN management to react were unsuccessful, as calls put through to NOUN PRO, Mallam Ibrahim Sheme, and the Head of Department, Faculty of Law, Dr Ernest Ugbeje, were not picked up, nor did they respond to the messages sent to them by our correspondent.

LP fumes as ex-spokesman dumps party, attacks Obi

0

A few hours after the former spokesman for the Labour Party Presidential Campaign Council, Kenneth Okonkwo, announced his resignation, the leadership of the party has described him as one of the moles in their camp.

Okonkwo dumped the LP on Sunday over the lingering internal strife and leadership crisis threatening to tear the party apart.

The legal practitioner cum Nollywood actor also said he had lost confidence in the LP presidential flag-bearer, Peter Obi, to rescue Nigeria.

According to him, Nigeria needs a decisive leader who is selfless enough to secure victory.

Reacting, the National Publicity Secretary of LP, Obiora Ifoh, said Okonkwo’s departure from the party did not come as a surprise to any of their followers who already knew that he was a mole within their rank.

Ifoh also stated that Okonkwo’s attack on Obi, his one-time ally, was needless and rather unfortunate.

He said, “Kenneth Okonkwo’s resignation from the Labour Party didn’t come to us as a surprise. We also think that his attack on the party’s leader, Peter Obi, is rather unfortunate. However, we will continue not to dignify him with any response as we understand that his attention-craving attitude knows no bounds.

“Recently a former DG of the party’s presidential campaign organisation (Doyin Okupe) resigned and rejoined the APC. Only last week, an ex-deputy Director General of the presidential campaign organisation also resigned and rejoined the APC. Today, it is the turn of Mr. Okonkwo, a former member of APC, who smuggled himself into the presidential campaign, and his destination is already known to us.

“Needless to say Nigeria is not in want of political jesters and jobbers whose stomach are their gods. The Labour Party is not perturbed by his decision to move on and in fact, we wish him well in his future endeavours, whether in acting, law practice, politics or otherwise. We also wish to note that the party is aware of a few other persons who are planted as moles, who are presently instigating crisis within the party, and who have unsuccessfully attempted to hijack the party for the use of their paymasters. We urge them to act fast and do the needful before they are exposed and fumigated out of the party.

“The Labour Party is keeping to its decision to stand with Peter Obi as its leader and presidential hopeful come the 2027 presidential election and we are not apologetic about that position. Coordinated attacks from some quarters will not in any way diminish the trust Nigerians, particularly, the Obidients and youths in Nigeria, have in him. We know that with him, a new Nigeria will be possible. Nigerians spoke loudly in 2023 and they will speak even louder come 2027.”

Fans lament as Ogunsemilore fails dope test

0

Nigerian boxing fans have expressed shock and disappointment over lightweight boxer Cynthia Ogunsemilore testing positive for a banned substance ahead of her opening fight at the Paris Olympics, According Sports Extra reports.

The 2022 Commonwealth Games bronze medalist and African Games champion was provisionally suspended by the International Testing Agency on Saturday after testing positive for furosemide, a diuretic on the World Anti-Doping Agency’s prohibited list.

Reactions from fans on Instagram have been pouring in, with many expressing their devastation and concern over the state of Nigerian boxing.

WBO Africa champion Seun Wahab sympathised with Ogunsemilore, writing, “Oh my God, this is so bad. I feel sorry for her; maybe she never knew of the substances she used.”

Oyebode Odeniyi highlighted the need for better education as he wrote, “Our boxers need education on proper nutrition; it’s most likely she never even knew what she had taken to have tested positive for such.”

Fellow boxer Isaac Chukwudi simply described the news as “sad to hear,” while Tobiloba Chase called it “sad news for the Nigeria boxing federation.”

Some fans, like Usman, with the username @unknownsoja99, pointed to systemic issues within Nigerian sports.

“This signifies there is no standard medical team. If our fighters need urgent medical attention, only someone with medical knowledge can help the athletes avoid those substances,” Usman wrote.

“This Olympics is a show of genetic dominance. Nigeria cannot follow in combat sports due to a lack of sports labs and training facilities.”

Olabiya Olanrewaju directed his frustration at the Nigeria Boxing Federation, saying, “What’s up with our boxing board? Do you guys care about our growth in this country? How much do you examine boxers before disgracing them in public?

“Who is checking the intake of our boxers in camp? Who is checking them at home before presenting them out there? Shame on you all, big shame on you
guys.”

X-Kart series returns August 3

0

The fourth leg of the first season of the X-Kart Race Series in Nigeria returns to the Work and Play Arena on Abeokuta Express Way, Ogun State, on Saturday, August 3, with a new team joining the challenge.

Team Larry was announced as the 12th team for the season, and they believe that joining the fray at the fourth race has nothing to do with their chances.

“I believe we have more chances as our racers are fresh and benefit from incorporating the weaknesses of all the other teams into their game plan. We are better prepared,” said the captain of the new entrant, Larry Bakare.

President of one of the two promoters of the X-Kart Series, Work and Play, Adeoye Ojuoko, said that the momentum being generated and the growth of the motorsports community has exceeded the expectations of Work and Play and its partner Metallic Horses.

“We started this project out of pure passion and as a way to encourage Nigerian youths to express their passion for Motorsports, especially aligning with international best practices under the laid-down rules of the FIA and other regulators.

“Now we are having inquiries from new entrants despite having gone mid-season already, and some sponsors are also showing interest when they saw the level of professionalism we are deploying at the event,” he added.

Despite defaulting in the last race of the series, Team X is still in the pole position with 40 points from two clear victories in races 1 and 2 of the series.

Team Work and Play, who lost the opportunity to move ahead of Team X on the ranking table, in the third race will be hoping for a redemptive performance. Team Harmony, the surprise entrant at race three, zoomed into fourth place (out of 11 teams), courtesy of their maiden win.

Other teams lurking to take their chances are GN128, Metallic Crushers, Naija Gear Heads (A and B), Elizade, OYSBA, TOSETT, and FAME.

Each race so far has been a 35-45 lap event held between the purpose-built racing tracks, the Work and Play Race Arena on Abeokuta-Shagamu Expressway, Abeokuta, and the Smokin Hills Golf Resort Racing tracks in Ilara Mokin, Ondo State.