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I’m young enough to become gov in future — Shaibu

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Reinstated Deputy Governor of Edo State, Philip Shaibu, said he has put his governorship ambition on hold to back the candidate of the All Progressives Congress, Senator Monday Okpebholo, to win the September 21 governorship election in the state.

Shaibu, who accused Governor Godwin Obaseki of frustrating his governorship ambition, said he would try again in the future because he had age on his side.

According to a video clip on Sunday, Shaibu spoke at the weekend at the Afemai World Congress in Detroit, Michigan, United States of America.

He claimed that Okpebholo would make a better governor than Asue Ighodalo of the Peoples Democratic Party, being backed by Obaseki.

In a video clip made available by the organisers of the Afemai World Congress on Sunday, Shaibu, also called on the diaspora to be interested in the politics of Nigeria.

He said, “Elections are coming and I would like you to be interested. You see that I have moved from the PDP back to the APC. I moved to the PDP because of the governor (Obaseki) and I am back in the APC because of the governor.

“I wanted to become the governor and they said they would destroy me if I continued to nurse that ambition. They have done everything but God has kept me alive.

“I was impeached but I knew I would come to this programme as the deputy governor. I have been reinstated and my impeachment was part of intimidation and harassment, which I have gone through. We must begin to look for ways to salvage our country.

“I am supporting the APC candidate because he is a breath of fresh air and he is not contaminated yet. He doesn’t speak too much English. He talks less and does more and he is the first person to break the jinx in Edo Central by winning the Senate seat on the platform APC.

“The same scenario that made him a senator is playing out now. It is obvious that the grace of God is upon him. I have played my card, we are still young. If God says I will be governor, then I will be. I have left my ambition to God and we will make Afemai and Edo State, the land of our dream.”

The acting Chairman of the Edo APC, Jarret Tenebe, also urged the diaspora to be interested in who becomes the next governor of the state.

“I urge our people in diaspora to be interested in who becomes the next governor. If you fail to be interested you will allow idiots to rule you.

“Today, it is impossible to win the election at home without the support of the diaspora. If this programme was open to everybody I am sure most of the political parties would be here to seek your support because this is an election year in the state.

“If we have good people in governance in the state, most of the things that are not going on well will work well.

“I employ you to encourage your people, your children to come back home to join hands with us because as the chairman of the occasion said, we have failed at home and we need the diaspora to help us build our society.”

Controversy trails PDP congress in Rivers, Kogi

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Controversy has trailed the conduct of the Peoples Democratic Party congresses in Rivers and Kogi states.

The party, however, successfully conducted its ward congress to elect new ward executives in Akwa Ibom State.

A Rivers State High Court presided over by Justice Charles Wali had, on Friday, barred the party, its National Chairman, Iliya Damagum, and National Secretary, Senator Samuel Anyanwu, or their agents from gathering anywhere in Rivers State to hold ward, local government, and state congresses, pending the determination of the suit before the court.

Justice Wali further directed the Inspector General of Police, the state Commissioner of Police, the Director General of the Department of State Service, and the Nigerian Security and Civil Defence Corps to enforce the order.

The suit was part of the protracted political battle between Governor Siminalayi Fubara and his predecessor, Nyesom Wike, the Minister of the Federal Capital Territory.

The governor was allegedly frustrated when the PDP National Working Committee accepted the list of caretaker committee members submitted by allies of Wike and, at a meeting with federal lawmakers last month, he said the “PDP has failed us.”

Against the court’s order stopping the congress, our correspondent reports that the exercise was held and new executives emerged from the process.

A member of the National Assembly and spokesman of the G-60 lawmakers in the House of Representatives, Ikeaga Ugochinyere, in his reaction, said no ad hoc ward congresses of the PDP held in Rivers State on Saturday.

Ugochinyere, who represents Ideato North/Ideato South Federal Constituency of Imo State, stated this while fielding questions from newsmen in Port Harcourt, at the end of a three-day retreat by the House of Representatives Committee on Petroleum Resources (Midstream and Down-stream.

He said defying a court order that barred the congresses from holding and going ahead with the exercise rendered the outcome of whatever happened a nullity.

“There is a subsisting order of a court a few days to this issue of congress that that exercise can no longer hold. But he decided in his desperation alongside his supporters to gather themselves in their hideout and conduct what I call a kindred meeting.

“So what the Wike group held yesterday (Saturday) in the name of congress is nothing but a kindred meeting. In Igbo, we call it ‘meeting ummuna’. It doesn’t go anywhere, it ends there.

“They are talking to themselves and it’s a nullity. As long as there was a subsisting order and he proceeded to do it, the court in question will void whatever is the outcome of the exercise,” he said.

He insisted that the 27 lawmakers loyal to the FCT Minister had lost their seats automatically for defecting to the All Progressives Congress because there was no crisis in the PDP when they took that decision.

In Kogi State, the Senator Danjuma Laah-led Caretaker Committee said the decision to suspend the exercise became necessary after hoodlums and unidentified thugs invaded the state secretariat and made away with sensitive electoral materials.

In a statement issued by the Publicity Secretary of the caretaker committee, Chief Dayo Akande, on Sunday, the effort was in collaboration with the congress committee chairman, Hon Boyelayefa Debeleme.

The statement said the impersonators came with one 18-seater bus and other vehicles without any means of identification.

“All these happened in the presence of the Independent National Electoral Commission observer. These unauthorised persons went away with all sensitive materials meant for the congress across the 239 wards of the 21 LGAs of the state,” the statement read.

The committee condemned the act and urged the INEC as well as other institutions to disregard any purported result that might emanate from the illegal exercise.

Speaking at his Ibiakpan Obotim Ward 2, in Nsit Ubium Local Government Area on Saturday, Eno saluted the PDP faithful in the state and urged them to sustain their dedication and commitment to the party’s success.

While expressing satisfaction with the peaceful conduct of the congress, the governor charged the newly elected executive members of the ward to be committed and dedicated to the growth of the party and its members.

He also tasked them to work towards future successes of the party in the state

“From the report we have received across the state, the ward congress went well and all the party guidelines and principles were observed.

“We have our party representatives from Abuja, independent observers as well as INEC around. All the requirements were met. It’s been a very peaceful congress and we trust God that this is how it will continue. The large turnout is a sign of future successes and confirmation of our party leadership,” he said.

The Deputy Governor, Senator Akon Eyakenyi, lauded the party for ensuring every member had a sense of belonging, which, he said, reflected in the massive show of support and love during the congress.

The Speaker of the state House of Assembly, Hon Udeme Otong, affirmed that the outcome of the PDP congress was the confirmation that Akwa Ibom remained a stronghold of the PDP, expressing confidence that the party would continue to record overwhelming success in elections.

The state Chairman of the party, Elder Aniekan Akpan, described the outcome of the ward congress as very peaceful and smooth, affirming the readiness of the party to participate and win the upcoming local government elections.

Oil sector’s foreign investments drop from $720m to $3.64m

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Despite efforts by the government to attract more foreign investors into the oil and gas sector, the nation’s foreign capital investments in the industry nosedived from $720m in 2016 to $3.64m in the entire 2023.

The country also recorded no foreign capital investment in the first quarter of 2024, a report by the National Bureau of Statistics showed.

The report indicated that out of the $3.38bn capital importation into Nigeria in the first three months of 2024, the petroleum industry got nothing.

Capital importation is the inflow of foreign capital into a country, typically in the form of investments, loans, or other forms of financial resources.

This can include Foreign Direct Investment, and portfolio investment such as investments in a country’s financial assets like stocks, bonds, and securities.

It can also be in the form of short-term loans, deposits, or other forms of temporary capital inflows.

The petroleum sector’s zero capital importation in Q1 2024 indicates that no foreign capital was invested in the sector during that period, which could potentially impact the sector’s development and growth.

Even as the total capital importation went up by 198.06 per cent to $3.38bn compared to $1.13bn recorded in Q1 2023, the sector that gives the highest revenue to the country attracted no foreign investment within the period under review.

The banking sector recorded the highest inflow with $2.07bn, representing 61.24 per cent of total capital imported in Q1 2024, followed by the trading sector, valued at $494.93m (14.66 per cent), and the production/manufacturing sector with $191.92m (5.68 per cent).

The marketing, consultancy, and construction sectors received inflows valued at $60,000, $300,000, and $610,000, respectively, but the oil and gas sector recorded no investment.

Our correspondent gathered that over the years, foreign capital investments in the petroleum sector have been declining.

In the first quarter of 2023, the petroleum sector recorded $750,000 in capital importation, but nothing was recorded in the second quarter.

The sector got $850,000 in capital importation in the third quarter, while it made a sum of $2.04m in the last quarter.

In total, the sector attracted $3.64m as capital importation into Africa’s largest oil-producing country in the whole of 2023.

Our correspondent reports that the petroleum sector recorded $6.37m as capital importation in 2022, this was below what was recorded in just one quarter of 2021.

It was gathered from the NBS that in Q1 2021, the nation gathered a sum of $57.25m as capital importation; $340,000 in Q2 2021; $940,000 in Q3; and $32.31m in Q4. In total, $101m was the capital importation for the year 2021.

Similarly, the NBS revealed that the sector garnered $208m in capital importation in 2014 and $29.76m in 2015.

It peaked in 2016 to as high as $720m. The nation’s oil sector in 2017 saw $331.36m as foreign capital investment. The sector got $133.51m in 2018; $216.23m in 2019 and $53.51m in 2020.

 Experts react

A professor, Wumi Iledare, said the sharp drop in foreign capital investment in the oil sector is expected because investors are not convinced that the Petroleum Industry Act has changed the country’s style of doing business.

Iledare said the PIA, which is supposed to create incentives, was implemented wrongly by the previous administration of Muhammadu Buhari. He said the incumbent President Bola Tinubu is yet to look at the errors for possible corrections.

“This is expected. Investors are more concerned about the certainty of doing business in an environment. This also has to do with the way the PIA is being implemented. The PIA is expected to create incentives, but they started the implementation wrongly. That is why the PIA, in my opinion, is not doing what it is expected to do.

“So, what investors see in Nigeria is ‘business as usual’ because of the way the PIA is being implemented; and the new government did not sit down to look at the errors of the past administration in the implementation of the PIA. It continued with the status quo,” Iledare said.

The energy expert called for a separation of roles between the NNPC and the regulators, stressing that the NNPC is supposed to be a player and not a government agency.

“Until you can convince investors that it is not business as usual and you can let them see that the governance is not fluid. If you look at the PIA, there is a separation of roles between NNPC, the regulators, and the Minister of Petroleum who is to drive the policy framework that creates stability in the governance.

“NNPC is not representing the government per se because it is a player in the industry, and if they (investors) see the NNPC as people driving the policy of the industry, then it is going to send the wrong signal. There is supposed to be a clear separation of roles; the NNPC is supposed to be commercial and not necessarily an agency of the Federal Government driving the policy. The regulators should be seen to be fair and not biased towards the government,” he advised.

The According reports that the NNPC Group Chief Executive Officer, Mele Kyari, has repeatedly blamed the lack of investments in the oil and gas sector on the unrelenting activities of oil thieves and vandals.

During a meeting with the  Economic and Financial Crimes Commission’s Chairman, Ola Olukoyede, in March, Kyari said, “When we say illegal connections, they are not invisible things, they are big pipes that require some level of expertise to be installed. Some of them are of the same size as the trunk line itself. No one would produce crude oil knowing full well that it is not going to get to the terminal. That is why nobody is putting money into the business. So, you can’t grow production.”

“I believe, personally, that the very purpose of your commission is to curtail economic crimes, and there is no bigger economic crime of this scale anywhere else than what is happening in this area,” the GCEO lamented.

Abuja residents battle soaring rents amid housing shortage

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Many residents in the Federal Capital Territory struggle to afford decent housing as rents continue to rise. This report by DANIEL ADAJI examines the causes of homelessness in the FCT, its consequences, and potential solutions

The Federal Capital Territory Abuja is Nigeria’s capital city and a symbol of national pride. However, beneath the city’s gleaming infrastructure and sprawling estates lies a stark reality: many residents are struggling to afford decent housing.

The FCT is notorious for its exorbitant rents, which have skyrocketed in recent years. “A two-bedroom apartment in a decent neighbourhood can cost upwards of N5m per annum,” a real estate agent, Udochukwu Unoh, noted.  A sum out of reach for many Nigerians.

The high demand for housing, fuelled by the city’s growing population and limited supply, has created fertile ground for exploitative landlords and property developers.

In a recent meeting at the State House in Abuja, the Senate President, Godswill Akpabio, called on the Nigerian Institution of Estate Surveyors and Valuers to checkmate the activities of real estate agents whose stock in trade was to take advantage of tenants in the city and the country at large.

Homelessness

As rents continue to soar, many residents are forced to seek alternative accommodation, often in informal settlements or on the streets.

Homelessness is a growing concern in the FCT, with many individuals and families struggling to access necessities like shelter, sanitation, and healthcare.

A street view of some parts of the FCT showed how many youths and children loiter around abandoned buildings and under the bridges. Many of them have either been evicted by their landlords or cannot afford to secure decent accommodations.

For instance, the Mabuchi, Banex, and Berger bridges in the FCT have become shelters for many homeless residents.

Our correspondent observed the legs of one Abdul Yunusa, whose legs festered as a result of the untreated injury he sustained during an attack on him on one of the days he was sleeping under the Banex Bridge.

Apart from lacking a secure accommodation, he was also unable to afford to treat himself.

In Galadimawa, Abuja Municipal Area Council, our correspondent observed several families taking shelter in some uncompleted buildings without doors, or windows, and having just sacks to keep the rooms enclosed.

Speaking with one of the residents, a father of three, who preferred anonymity, said, “This is where I live with my family. The condition is no good, but this is the best we can get for now.”

While some were fortunate enough to afford accommodations, the services are inadequate, from improper placement of the buildings on drainage systems to the lack of water and electricity.

From interactions with stakeholders and residents, our correspondent gathered that the high rents and homelessness in the FCT were complex issues that could be attributed to several factors. Some of the key contributors to this problem include:

Rapid urbanisation and population growth

The FCT has experienced rapid urbanisation and population growth in recent years, leading to an increased demand for housing. This growth has put pressure on the existing housing stock, leading to higher rents and a shortage of affordable housing options.

Limited housing supply and inadequate planning

According to experts, the housing supply in the FCT has not kept pace with the growing population, leading to a shortage of affordable housing options. This shortage has driven up rents, making it difficult for low- and middle-income households to access decent housing.

The influx of people from other parts of the country

The FCT has become a magnet for people from other parts of the country seeking better opportunities. While this influx has contributed to the economic growth of the territory, it has also put pressure on the housing market, leading to higher rents and a shortage of affordable housing options.

Corruption and exploitation in the housing sector

As the Senate President noted, corruption and exploitation in the housing sector have also contributed to the high rents and homelessness in the FCT. Unscrupulous landlords and property developers have taken advantage of the housing shortage to charge exorbitant rents and engage in other exploitative practices.

Consequences

The consequences of high rents and homelessness in the Federal Capital Territory are far-reaching and devastating, affecting not only individuals but also broader society.

Many residents are forced to live in squalid conditions, exposed to health risks, and vulnerable to crime and exploitation.

Living in squalid conditions can have severe health implications, including the spread of diseases, mental health issues, and a higher risk of accidents and injuries. The lack of access to basic amenities such as clean water, sanitation, and hygiene facilities further exacerbates the situation.

Moreover, the situation perpetuates poverty and inequality, as those who cannot afford decent housing are often relegated to the margins of society. This can lead to a cycle of poverty, where individuals are unable to access better job opportunities, education, and healthcare due to their housing situation.

Strain on public resources

Homelessness places a significant burden on public resources, including healthcare, law enforcement, and social services. Homeless individuals often rely on emergency services, such as emergency rooms and shelters, which can be costly and inefficient. Additionally, law enforcement agencies spend a significant amount of time and resources addressing homelessness-related issues, such as loitering and vagrancy.

Economic impacts

High rents and homelessness can lead to reduced economic activity, as individuals and families are forced to allocate a larger portion of their income towards housing. This can lead to reduced consumer spending, decreased economic growth, and increased poverty. Furthermore, homelessness can also lead to a loss of productivity, as individuals struggling with housing insecurity may be less likely to be employed or engaged in education and training.

Social cohesion

The lack of affordable housing can lead to social segregation, as those who cannot afford decent housing are often forced to live on the periphery of society. This can lead to increased social isolation, reduced social mobility, and decreased community engagement. Moreover, homelessness can also perpetuate systemic inequalities, as marginalized communities are disproportionately affected by the housing crisis.

Political instability

The failure to address the housing crisis can lead to social unrest, political instability, and a loss of faith in government. As the housing crisis persists, frustration and anger among the affected population can grow, leading to increased protests, activism, and political polarization. Moreover, the government’s inability to address the crisis can erode trust in institutions and undermine democracy.

Solutions

Experts have suggested a multifaceted approach that addresses the root causes of the problem. Some potential solutions include:.

Akpabio called on the NIESV to take the lead in curbing the exploitation of tenants by real estate agents.

Speaking at the inauguration lecture and ceremony of the 26th President and Chairman of the Council of NIESV in Abuja recently, the Senate president emphasised the need for the institution to establish integrity and discipline in the industry.

“I implore you to lead the charge in curbing the exploitation of tenants by real estate agents and establishing integrity and discipline in the industry,” he said.

Increasing the supply of affordable housing

The government and private sector can work together to increase the supply of affordable housing in the FCT. This can be achieved through initiatives such as subsidized housing programmes, public-private partnerships, and community land trusts.

The Chairman of the Council of Registered Builders of Nigeria, Dr Samson Opaluwah, called on the government to provide free land to Nigerians to address the issue of affordable housing in the country.

The chairman of CORBON in an exclusive chat with The According stated, “We would call for the government to take the issue of access to land of citizens as a critical component of affordable housing. Let people have direct access to land.”

Opaluwah emphasised that the cost of building construction was largely affected by the cost of land and imported building materials and that addressing those two issues would significantly reduce the cost of building.

He also highlighted the need for a national programme to address the housing deficit in the country, stating, “Housing is a very basic requirement of man. Next to feeding is housing, food and shelter.”

“CORBON has been working to promote the adoption of smart technologies in Nigeria’s building industry, including training and capacity building programs, and has established a training centre to conduct capacity building for builders across the country,” he said.

Improving planning and coordination

Better planning and coordination are essential to addressing the housing shortage in the FCT. The government-established housing authorities should ensure the development of more housing policies and programmes.

The Permanent Secretary of the Federal Ministry of Housing and Urban Development, Dr Marcus Ogunbiyi, restated the ministry’s commitment to sustainable communities, social cohesion, and economic growth.

In a recent interview with journalists in Abuja, Ogunbiyi highlighted the ministry’s efforts, saying, “We are laying the foundations for sustainable communities, fostering social cohesion, and stimulating economic activities.”

He remarked that that those initiatives were not just about building structures, but about improving the quality of life for all Nigerians.

“All of us in Nigeria are contributing in one way or another towards achieving these goals,” he added.

“These initiatives represent a commitment to ensuring access to affordable housing and essential amenities for every Nigerian.”

Addressing corruption and exploitation

The government must take decisive action to address corruption and exploitation in the housing sector. This can be achieved through measures such as rent control, stricter regulation of property developers, and increased transparency in the housing market.

It is essential to provide support services to those affected by high rents and homelessness. This can include emergency housing assistance, counselling, and job training programs.

The Renewed Hope Housing Programme, aimed at delivering 50,000 housing units across Nigeria, has raised concerns about affordability and its impact on citizens’ living conditions.

Despite the programme’s ambitious goals, including the development of seven Renewed Hope Cities and 250-unit Renewed Hope Estates, Nigerians worry about the rising inflation and poor purchasing power that may render the housing units unaffordable.

Commenting on the project, a resident in the FCT, Nathaniel Adole, noted, “It is great to know that the government is working to put these housing units together but my concern is, how we can afford it as citizens? The government should develop a scheme that puts the poor and middle class into consideration so that, we can also fully benefit from this initiative.”

The high rents and homelessness in the FCT are complex issues that require a multifaceted approach to address. By increasing the supply of affordable housing, improving planning and coordination, addressing corruption and exploitation, and providing support services, the government can make progress in addressing this challenge and ensuring that everyone has access to decent and affordable housing.

SERAP asks CBN to account for N100bn dirty notes

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The Socio-Economic Rights and Accountability Project has filed a lawsuit against the Central Bank of Nigeria “over the failure to account for and explain the whereabouts of the over N100bn ‘dirty and bad notes’ and ‘other large sum of cash awaiting examination’ which are kept in various branches of the CBN.”

In a suit marked FHC/L/MSC/441/2024 filed last week at the Federal High Court in Lagos, SERAP is asking the court to “direct and compel the CBN to explain the whereabouts of the over N100 billion dirty and bad notes kept in various branches of the CBN since 2017.”

In the suit filed by its lawyers, Kolawole Oluwadare and Adelanke Aremo, SERAP is also asking the court to “direct and compel the CBN to explain the whereabouts of the N7.2bn meant for the construction of the CBN Dutse branch building in 2010 and the N4.8bn meant for the renovation of the CBN Abeokuta branch in 2009 and to publish the names of contractors who collected the money.”

SERAP had last month asked the CBN to account for the allegedly missing N100bn notes, saying the allegations were documented in the latest annual report recently published by the Auditor-General of the Federation.

In its letter to the CBN dated June 29, SERAP said, “These grim allegations by the Auditor-General suggest grave violations of the public trust, the provisions of the Nigerian Constitution, the CBN Act, and national and international anticorruption obligations.”

SERAP is also asking the court to “direct and compel the CBN to explain the whereabouts of the allegedly missing outstanding loan of N1.2bn granted to the Enugu State government in 2015 and the outstanding loan of N1.9bn granted to the Anambra state government between 2015 and 2016.”

SERAP said, “Explaining the whereabouts of the missing public funds, publishing the names of those suspected to be responsible and ensuring that they are brought to justice and the full recovery of any missing public funds would serve the public interest and end the impunity of perpetrators.”

SERAP is arguing that, “These allegations have seriously undermined the ability of the CBN to effectively discharge its statutory functions and the public trust and confidence in the bank. The CBN ought to be committed to transparency and accountability in its operations.”

No date has been fixed for the hearing of the suit.

Lagos youths reject planned protest, allege political motives

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Lagos indigenous youths, under the Lagos Indigenous Youth Network, have voiced their opposition to the planned hunger protest slated for August 1, to 10 2024, stating they are unwilling to witness a repeat of the #EndSARS destruction in the state.

At a press conference held on Sunday, youth leaders from the five divisions of the state gathered at the statue of the three Wise Men in Ikeja, the state capital, to express their concerns, asserting that the protest appears to have political motivations rather than genuine concern for the public interest.

A leader in LIYN Mobolaji Ogunlende, speaking on behalf of the group, highlighted that intelligence reports suggest that the protest is politically driven.

“We are not against citizens constructively engaging their leaders when necessary.

“However, when such engagement turns into a platform for tension and warmongering, potentially aimed at settling political scores, it is time to exercise caution. This is what we are doing today,” Ogunlende said.

He further emphasised that the protest does not align with the interests of peace-loving and hardworking Lagosians.

“We do not support it. We say no to any protest in whatever guise or disguise. We are coming together to defend #OurLagos against any possible destruction by agents of violence masquerading as supporters of the people. Their only interest is their selfish interest,” Ogunlende stated.

The group called on all Lagosians, particularly parents, to discourage their children from participating in the protest.

“It is not a wise thing to do,” Ogunlende warned.

In a final appeal, the youths urged those behind the protest to reconsider their actions, asserting, “Lagos is working, and we stand with our dear President Bola Ahmed Tinubu. He will address all grievances and ensure that all is well in our dear country, Nigeria.”

According to him, though the citizens have the right to protest there is no justification for Lagos State to be the focal point of such politically motivated protest aimed at destroying property.

He said the Lagos State Government should be encouraged to remain the pacesetter in the country, saying the state is paying above the minimum wage and this can be verified.

“Lagos does not owe workers Salaries. Lagos does not owe Pensioners. The only state to have cleared all pension backlog.

“Lagos does not discriminate between indigenes and non-indigenes. Its hospitality is second to none. Lagos provides free healthcare to expectant women.

“Lagos provides subsidised education to all residents, regardless of ethnicity,” he said.

LH Telecommunication acquires 95% stake in 9mobile

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LH Telecoms Nigeria, a subsidiary of Light House Capital, has acquired a majority stake in Emerging Markets Telecommunication Services Limited, the parent company of 9mobile.

According to a statement on Sunday by the company, 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 deal’s financial terms were not disclosed, the company indicated that the takeover is subject to regulatory approvals.

“The investment, approved by the African Export-Import Bank (AFREXIM), 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.

Additionally, the UK firm has nominated diverse individuals to the board, including a former senator, Daisy Danjuma, Michael Ikpoki, Ibrahim Puri, Gloria Danjuma, and Emmanuel Etuh.

Obafemi Banigbe was appointed 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 previously 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.

Lagos considers smart bins to curb indiscriminate waste disposal

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As the Lagos State Government moves to intensify efforts towards its monthly sanitation awareness programme, it has hinted plans to introduce smart waste bins for every tenement in the state.

A statement on Sunday by the Director, Public Affairs, Ministry of Environment, Mr. Kunle Adeshina, mentioned the Special Adviser to the Lagos State Governor on Environment, Olakunle Rotimi-Akodu, gave the hint when he led other state officials during the ongoing Weekly Sanitation Awareness and cleaning exercise held at Ajeromi Local Government.

He added that indiscriminate waste disposal is a major contributor to prevalence of communicable diseases.

Akodu who was accompanied by the Permanent Secretary, Office of Environmental Services, Mr Gaji Omobolaji and Permanent Secretary, Office of Drainage Services Olakunle Adegbite said the issue of a cleaner environment is a serious issue that requires the collective effort of Government and the Citizens.

The statement said, “Akodu said the Smart Bin had become neccesary to monitor the activities of PSP operators as well as the refuse disposal rate of Lagosians, appealing to residents and market leaders in the area to make clean environment a priority as they go about their daily business activities.

“He reiterated that the team is embarking on the weekly exercise to encourage the citizenry to have a changed mindset and imbibe the culture of cleanliness towards the environment.

“He added that from the stretch of Marine beach and Mobil road towards Ajegunle boundary to Alayabiagba market, the roadside and road median were filled with heaps of wastes adding that the corpse of a baby was found on the roadside during the exercise, saying that now is the time for everyone to desist from the unwholesome act against the environment.”

He stated that reports gathered from the weekly Community Sanitation Exercise / Advocacy campaign has revealed that majority of the people are yearning for the return of the Monthly Environmental Sanitation Exercise across the state.

The Managing Director, Lagos State Waste Management Authority, Dr. Muyiwa Gbadegbesin explained that the State Government would soon role out Smart Bins with notifications for all houses, stressing that the chips attached to the bins would notify LAWMA when the PSP Operators fail to pick up wastes at the appropriate time.

He said a safe, clean and sustainable environment is the function of all residents and not the government alone adding that everyone must make good sanitation practices a way of life and support support the effort of the government.

“In their responses, a cross-section of the community leaders including the Baale, Babaloja of Ajeromi Ifelodun and CDC Chairman present all appealed to the State Government to reconsider the introduction of monthly sanitation exercise.

“They claimed that in the recent past most markets and areas had waste police which prevented littering, adding more people need to be enlisted to become LAWMA policemen in our neighbourhoods.

“The Special Adviser was also accompanied by the Managing Director LAWMA, Dr Muyiwa Gbadegesin; General Manager LASPARK, Mrs. Toun Popoola; KAI Marshal, Major Olatunbosun Cole (Rtd); General Manager, LASWMO, Engr. Adefemi Afolabi and some Directors from the ministry.

“The team visited Mobil Road/ Apapa / Ajeromi / Ajegunle boundary and Alayabiagba market,” the statement concluded.

No one can deny Nigerians right to protest

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The Presidency on Sunday said Nigerians reserve the right to peaceful protest.

It also said President Bola Tinubu’s administration is poised to serve Nigerians, not “dominate” them.

Special Adviser to the President on Media and Publicity, Ajuri Ngelale, who spoke during a TVC interview programme, Politics on Sunday with Femi Akande, was addressing concerns about the government’s stance on peaceful protests planned for August 1-10.

He said, “Let me be clear: we are not in office to dominate our people; we are here to serve them”.

He emphasised that no organ of the administration “has the authority” to prevent Nigerians from protesting.

“No one in our administration has the authority to deny Nigerians their right to peaceful protest,” Ngelale said, acknowledging fears surrounding a potential hijack of the protests similar to the #EndSARS movement of 2020.

He also reassured citizens of Tinubu’s commitment to putting Nigeria on a sound economic footing, despite the liabilities inherited from the past administration.

Ngelale reasoned that though Nigerians are facing intense economic pressures, the administration is working in the short, medium and long terms to improve living standards.

However, he sued for patience saying development takes time and there is no magic wand to solve the country’s problems overnight.

The presidential spokesperson highlighted the FG efforts including single-digit interest rate credit facilities for over one million MSMEs, the reconstruction of seaports and roads nationwide, the Student Loan Scheme, the Consumer Credit Program, and the increase in the national minimum wage, stressing that some of these efforts may take time to yield tangible results.

“Right now you have over 300 roadways across all states of the Federation being reconstructed and that is not including the super-highway from Lagos to Calabar that’s under construction, the Badagry to Sokoto highway and many others. Not to talk of $1bn being right now expended on seaport reconstruction across the eastern and western seaports.

“There are several things that are going on now that create direct employment and set us up for a prosperous future where our infrastructure actually supports the foreign direct investment drive that this President is aggressively pursuing.

“But it is also incumbent upon our administration, not just at the federal level, but obviously incumbent on the state and local levels, to ensure that whatever policies are being implemented to create fiscal space for households, that these things are actually done, that we don’t have any kind of administrative incompetence, that we don’t have unnecessary bureaucratic delays,” he explained.

Citing several social investment programmes already in motion, Ngelale argued, “There’s no question about the fact that there is a lot of work that has to be done and there’s a lot of work that is being done, some of which is not going to have the bells and whistles of TV cameras and nobody’s going to be sitting in the office, for example of the CBN Governor, as he’s doing his paperwork which leads to the full payoff of $7bn worth of foreign exchange backlog.

“It has a massive impact on investor confidence, it has massive impact on the medium term kind of monetary space in the country, but that’s not something that people are necessarily going to be dancing and celebrating about. So there’s a lot going on.”

He described a recent Supreme Court judgment that granted local government councils fiscal autonomy as “restructuring in practice,” adding, “That is the kind of thing that Nigerians would need to give some time to see what the difference actually will translate into in terms of the impact on their livelihoods.”

Police arrest man for mobilising Nigerians on TikTok

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Operatives of the Plateau State Police Command have arrested a man for allegedly mobilising Nigerians on TikTok to join the planned nationwide protest against hardship.

The man, who identifies as Dam-Mallam68 on TikTok, was accused of making an inciting video before he was trailed and arrested by the police.

The spokesperson for the Plateau State Police Command, Alabo Alfred, who confirmed the arrest in a statement on Sunday night, said, “Following the release of a TikTok video that occupied the social media space, stimulating violence in connection with the planned nationwide protest, the Plateau State Police Command has trailed and arrested the author of the inciting video.

“On 27/07/2024, the attention of the Command was drawn to the video putatively emanating from a TikTok account, identified as “Dam-Mallam68.

“The suspect in the video was seen assertively inciting the public to attack security operatives and burn down critical state and private infrastructures in Plateau State as part of the activities for the protest.”

Alfred stated that based on the strength of the information, the Plateau State Commissioner of Police, Emmanuel Adesina, activated the Police Command’s strategic resources to identify and apprehend the individuals behind the malicious video.

He said, “Consequently, on 28/07/2024 around 11:30 AM, one Suleiman Yakubu (male, aged 34 years) of Jos North, Plateau State who appeared in the viral video was picked at Ahmadu Bello Way, Jos through an impeccable informant.

“While in our custody, the suspect confessed to being the one in the video. Meanwhile, an investigation is still ongoing.

“In view of the above, the Commissioner of Police wishes to state that the Police will intensely resist any attempt by mischief makers to plunge the State into chaos. He stressed the need for peace to remain untempered in the State amidst the before, during and after the protest.

“The Plateau State Commissioner of Police also urges the good people of Plateau State to be law abiding and refrain from making inciting comments that will threaten peace and security in the State.”

The statement urged residents of the state to report any suspicious activities to the police command and report any officer found to engage in any form of misconduct in the state.