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Oil Exploration: Lagos Assembly Seeks Protection for Host Communities

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Pipeline Vandalism

The Lagos State House of Assembly on Monday called for a stakeholders’ meeting of government officials, oil investors and host communities, following oil discovery and exploration in Badagry area.

The call followed a motion moved by Mr Folajimi Mohammed (APC-Ikeja I) on the need for the state to be proactive in protecting the host communities from environmental degradation.

The motion was seconded by Mr Gbolahan Yishawu (APC-Eti Osa II).

Mohammed, Chairman, House Committee on Energy and Mineral Resources, urged the state government to do everything possible to protect the people and the communities within area of exploration.

According to him, the stakeholders’ meeting has become crucial to adequately prepare to prevent a repetition of the current agitation in the Niger Delta over environmental degradation.

He said, “The stakeholders should come together to discuss the socio-economic importance of the exploration of oil in the state and related issues.

“Efforts must be made to ensure that the state does not go the way of Niger Delta and other oil-producing states in Nigeria who are suffering from environmental degradation with the activities of oil companies.

“The discovery of oil in the state has made Lagos an oil-producing state but it is important to consider the consequences of the exploration.”

Yishawu, Chairman, House Committee on Waterfront Infrastructure said, “We need to learn from oil exploration in Niger Delta. We do not want a repeat of what is happing in the Niger Delta’’.

The Chairman, House Committee on Budget and Economic Planning, Mr Rotimi Olowo, called for a development plan by the investors to protect the environment and the people.

He said, “Our target should not be limited to environmental protection of the area; we need to talk on the infrastructure and economic gains by the people and their communities.

The Deputy Speaker of the House, Mr Wasiu Eshinlokun-Sanni said, “Oil spillage will come; there is going to be oil degradation of environment and we need to be proactive’’.

Mr Setonji David (APC-Badagry II) said that he received the news of the oil discovery in the area with mixed feelings because of the environmental degradation in Niger Delta occasioned by oil exploration companies.

David, the Chairman, House Committee on Physical Planning and Urban Development said, “I hope our communities will not be devastate’’.

“Fishing activities would be affected in the area if the government does not do anything about it.

“We need Environmental Impact Assessment (EIA) on the discovery to know what would eventually happen to our people, when exploration starts.

“We should take all the necessary steps so that we would not regret the discovery. There is need for proper steps to ameliorate the environmental implications.”

The lawmaker said that a percentage of whatever would be accruable to the government should be dedicated for the development of the area.

He, however, expressed confidence in the ability of the state government to protect the host communities.

The Speaker of the House, Mr Mudashiru Obasa said, “There is a need for us to be proactive and learn from the past so that we can safeguard our state and host communities.’’

Obasa suggested that there should be a stakeholders’ meeting which would bring the host communities, government officials and investors together to avoid what happened in Niger Delta.

He said, “We must safeguard the host communities and we must commend companies that have been investing in oil exploration in the state over the years before oil was eventually discovered there.

“All necessary infrastructures must be put in place to protect the state and the host communities so that we would prevent what is happening in Niger Delta from happening in Lagos State.”

Obasa said that oil companies had to stop exploration if they had started so that the state government would be better prepared before they start operation.

The speaker, who commended investors in oil exploration, said that the state would benefit a lot from the exploration, adding that the state government would encourage the investors.

The Federal Executive Council recently approved the exploration of oil in Badagry and 13 per cent derivation for the Lagos State.

 

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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Yahaya Bello

The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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NIMC enrolment

Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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Israeli President Declares Iran’s Actions a ‘Declaration of War’

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Israel Gaza

Israeli President Isaac Herzog has characterized the recent series of attacks from Iran as nothing short of a “declaration of war” against the State of Israel.

This proclamation comes amidst escalating tensions between the two nations, with Iran’s aggressive actions prompting serious concerns within Israel and the international community.

The sequence of events leading to Herzog’s grave assessment began with a barrage of 300 ballistic missiles and drones launched by Iran towards Israel over the weekend.

While the Israeli defense forces managed to intercept a significant portion of these projectiles, the sheer scale of the assault sent shockwaves through the region.

President Herzog’s assertion of war was underscored by Israel’s careful consideration of its response options and ongoing discussions with its global partners.

The gravity of the situation prompted the convening of the G7, where member nations reaffirmed their commitment to Israel’s security, recognizing the severity of Iran’s actions.

However, the United States, a key ally of Israel, took a nuanced stance. President Joe Biden conveyed to Israeli Prime Minister Benjamin Netanyahu that, given the limited casualties and damage resulting from the attacks, the US would not support retaliatory strikes against Iran.

This position, though strategic, reflects a delicate balancing act in maintaining stability in the volatile Middle East region.

Meanwhile, Russian Foreign Minister Sergei Lavrov and his Iranian counterpart Hossein Amir-Abdollahian cautioned against further escalation, emphasizing the potential for heightened tensions and provocative acts to exacerbate the situation.

In response to the escalating crisis, the Nigerian government issued a call for restraint, urging both Iran and Israel to prioritize peaceful resolution and diplomatic efforts to ease tensions.

This appeal reflects the broader international consensus on the need to prevent further escalation and mitigate the risk of a wider conflict in the Middle East.

As Israel grapples with the implications of Iran’s aggressive actions and weighs its response options, President Herzog reiterated Israel’s commitment to peace while emphasizing the need to defend its people.

Despite calls for restraint from global allies, Israel remains vigilant in safeguarding its security amidst the growing threat posed by Iran’s belligerent behavior.

The coming days are likely to be critical as Israel navigates the complexities of its response while international efforts intensify to defuse the escalating tensions between Iran and Israel.

The specter of war looms large, underscoring the urgency of diplomatic engagement and concerted efforts to prevent further escalation in the region.

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