News
13 new governors borrowed N226.8bn in six months – DMO
In the first six months after taking office, 13 new state governors collectively borrowed N226.8bn from domestic and external financiers.
This emerged as findings by Sunday PUNCH showed that 16 state governors also increased the debt profile of their states by N509.3bn with domestic and external debt of N243.95bn and $298.5m (N265.37bn), respectively.
The external debt was calculated based on the exchange rate of N889/$ used by the Debt Management Office in its report.
This is according to an analysis of the latest sub-national debt reports released by the DMO.
The sub-national debts are classified into domestic borrowings from local creditors and external borrowings from international creditors like the World Bank and the International Monetary Fund.
The domestic and external debts published on the DMO’s website were as of December 30 and June 30, 2023, respectively.
The states, which include Benue, Cross Rivers, Katsina, Niger, Plateau, Rivers, Zamfara, and the Federal Capital Territory, got N115.57bn from domestic creditors, while governors of Ebonyi, Kaduna, Kano, Niger, Plateau, Sokoto, Taraba and Zamfara states borrowed $125.1m (N111.24bn) from external sources.
For the sub-nationals, a further breakdown of the data showed that Cross Rivers Governor, Bassey Otu, took the highest loan, with N16.2bn from domestic and $57.95m from foreign creditors between June and December 2023.
Katsina State followed with the debt surging by N36.93bn from N62.37bn to N99.3bn by December 2023.
Third on the list is Niger State, with a domestic debt of N17.85bn, surging from N121.95bn in June 2023 to N139.8bn by December of the same year.
Plateau got N16.32bn; Rivers borrowed N7.07bn; Zamfara, N14.26bn; and the FCT under the leadership of Nyesom Wike borrowed N6.75bn from domestic creditors.
For foreign debt, Governor Francis Nwifuru of Ebonyi State accumulated external debt of $37.54m, while Governor Uba Sani of Kaduna State borrowed $17.69m from external financiers.
Similarly, the governors of Kano borrowed $6.6m; Niger, $1.27m; Plateau, $831,008; Sokoto, $499,472; Taraba, $1.51m; and Zamfara, $655,563, from external sources.
Despite declarations by the administration of President Bola Tinubu that it would not continue with the massive borrowings of the previous government to fund its expenditures, the latest developments show that the new government is sticking to the controversial policy amidst increased revenue.
In 2023, state governors got the most Federal Account Allocation Committee allocations in at least seven years. The rise in FAAC allocations to the three tiers of government, especially the states, followed the removal of subsidy on petrol and currency reforms by the Tinubu administration. The reforms have reportedly led to a 40 per cent boost in income.
An analysis of the 2023 FAAC monthly allocations revealed that the sub-national and local government councils got the highest allocation of N627.73bn in September, followed by N610.5bn in December, N555.75bn in August, N533bn in November, N514bn in July and N497.97bn in October.
News
NCC Boss, Aminu Maida clinches international appointment
In recognition of the contribution of Nigeria’s telecommunications industry towards the global telecom network system, Dr. Aminu Maida, Executive Vice Chairman of the Nigerian Communications Commission (NCC), has been appointed to the Board of Directors of the International Institute of Communications (IIC).
This affirms Nigeria’s growing influence in global telecommunications and digital innovation.
Dr. Maida has had a rewarding career in the industry, spending over two decades.
He had worked with the British Telecom, Cisco Systems, and EE Ltd. He was instrumental in groundbreaking advancements in small-cell technology during his tenure at UbiquiSys Ltd, which was later acquired by Cisco in 2013
His contributions in Nigeria are equally remarkable. As the Executive Director of Technology and Operations at the Nigeria Inter-Bank Settlement Systems PLC (NIBSS), he transformed the country’s digital payments infrastructure, reinforcing its financial ecosystem. As EVC of the NCC, Dr. Maida has spearheaded initiatives that promote connectivity, competition, and inclusivity, driving Nigeria’s telecom sector into a new era of innovation and growth.
The IIC, a globally renowned organization, brings together leaders in telecommunications, media, and technology (TMT) to foster collaboration on regulatory frameworks, emerging technologies, and sustainable development. Dr. Maida’s appointment marks a landmark achievement for Nigeria, amplifying its voice in shaping the future of the global telecom sector.
His appointment offers Nigeria a stronger platform on the international stage to influence key discussions on telecommunications and digital equity. His expertise and passion for policy advocacy will play a vital role in global conversations on emerging technologies and the digital divide.
Appreciating this gesture, Dr. Maida said: “It’s an honor to serve on the Board of the International Institute of Communications. I look forward to sharing insights from Nigeria’s transformative journey and collaborating on strategies to foster a more inclusive and sustainable global telecom industry.”
This appointment not only solidifies Dr. Maida’s legacy but also underscores Nigeria’s growing prominence in leveraging technology for development. It signals a future where the country will continue to lead in innovation and bridge global digital divides.
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News
N80.2bn fraud: EFCC finally detains ex-Kogi governor
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Yahaya Bello, former governor of Kogi state.
According to TheCable, Usman Ododo, Kogi governor, brought Bello to Abuja this morning and invited EFCC to come pick him up.
The EFCC had charged the former governor with alleged money laundering, breach of trust, and misappropriation of N80.2 billion.
The former governor’s detention was disclosed by EFCC’s Head of Media and Publicity, Dele Oyewale.
“We have arrested him. Our chief security officer arrested him and he was brought in by 12:54pm. He is having a session with our investigators. We are holding him in our custody,” Oyewale told TheCable.
In September, Bello honoured the invitation of the anti-graft agency in Ododo’s company.
The former governor and Ododo were at the car park of the Abuja office of the EFCC, but the anti-graft agency did not arrest him.
The beginning
In April, the commission declared Bello wanted after several attempts to arrest him proved unsuccessful.
On August 20, the court of appeal in Abuja ordered Bello to surrender himself for arraignment.
Ola Olukoyede, EFCC chairman, would later allege that Bello withdrew $720,000 from Kogi coffers to pay his child’s school fees in advance.
The anti-graft agency also filed a 19-count charge against Bello over alleged money laundering.
However, the arraignment was stalled due to the absence of the former governor.
In May, Abdulwahab Mohammed, counsel to Bello, told the court that the former governor’s whereabouts remain unknown and that he was nurturing some safety concerns.
On August 20, the court of appeal in Abuja ordered Bello to surrender himself for arraignment.
Dele Oyewale, EFCC spokesperson, had said the court’s ruling was a “vindication” of the EFCC’s stance that Bello must face trial.
Sources had told TheCable that Bello has been hiding in plain sight — holed up in the “protective custody” of the Kogi state government — since he was declared wanted by the EFCC.
News
FAME Foundation launches tracker to eliminate violence against women
FAME Foundation, a gender focused non-governmental organisation (NGO), has launched a tracker to report and document femicide cases in Nigeria.
Speaking at a press conference on Monday to commemorate the International Day for the Elimination of Violence Against Women, Arabinrin Aderonke Atoyebi, founder of the foundation, called for collective action to end femicide.
She said the tracker will provide reliable data on cases of femicide in Nigeria.
“Today, I am proud to announce the launch of our Femicide Tracker, an important tool that allows for the reporting and documentation of femicide cases,” she said.
“This tool will help ensure that no case goes unnoticed, no story is silenced, and that we, as a society, can work toward justice and accountability for victims and their families.
“By utilizing this tool, we aim to spotlight this pressing issue and mobilize action against the rising trend of femicide.”
She said the foundation’s activities for this year’s campaign will focus on amplifying awareness, empowering people, and engaging communities.
As a call to action for collective efforts against gender-based violence, Bello announced the launch of a social media campaign, #HereForHer.
“This campaign serves as a reminder of the collective responsibility we share to protect and empower women and girls,” she said.
“Let us remember, awareness is just the starting point. True change requires sustained and united efforts.
“It demands a commitment from governments to enforce laws that protect women, from civil society to create supportive environment, and from people to challenge harmful behaviours and attitudes.”
News
UK Visa Application: New locations announced in Lagos, Abuja for booking of appointments
The United Kingdom, UK, has announced changes of its visa application centres in Nigeria.
The UK embassy made the announcement in a statement issued on Wednesday.
In a statement on its official X handle, the embassy said the UK is changing its visa supplier in Nigeria.
It however assured that applicants would be notified with further information via email.
“The supplier of our visa application centres in Nigeria is changing. During this transition customers may submit and collect their documents from different location.
“You will be contacted via email if this affects you.”
Applicants were advised to visit the UK official visa application website for more details.
News
NJC sets up panel to probe allegations against Osun CJ, others
The National Judicial Council, under the Chairmanship of the Chief Justice of Nigeria (CJN), Justice Kudirat Kekere-Ekun, has constituted a committee to investigate multiple allegations against Osun State Chief Judge, Hon. Justice Adepele Ojo and others.
In its 107th meeting on November 13 and 14, 2024, the NJC sanctioned five judicial officers for misconduct and recommended the formation of a committee to probe the various complaints against Justice Ojo.
At the heart of the allegations are claims that Justice Ojo has repeatedly failed to adhere to legal and ethical standards expected of her position.
A petition submitted to the NJC by the Concerned Citizens of Nigeria, Osun State Chapter, further outlined the gravity of the allegations. The petition claims that Justice Ojo’s actions have violated both the spirit and the letter of the law. The group accuses her of gross abuse of office, breaches of professional ethics, and a blatant disregard for the rule of law, which they argue has led to a loss of public trust in the judiciary.
Earlier, Osun State Governor Ademola Adeleke took the decision to suspend Justice Ojo following a resolution by the State House of Assembly. The resolution cited serious allegations of misconduct, abuse of power, corruption, and failure to uphold the rule of law.
Additionally, Justice Ojo is accused of taking personal vengeance against judiciary staff, she dismissed several staff members who had shown courage in reporting her actions, creating a climate of fear and retaliation within the judiciary.
News
NCC commences pre-enforcement action on Starlink over price hike
The Nigerian Communications Commission (NCC) says the decision by Starlink to unilaterally review its subscription packages upwards did not receive the approval of the commission.
In a statement signed by its Director, Public Affairs, Reuben Mouka said the action of the company is in contravention of Sections 108 and 111 of the Nigerian Communications Act (NCA), 2003, and Starlink’s Licence Conditions regarding tariffs.
The Commission commenced pre-enforcement action on the licensee on the 3rd of October, 2024.
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