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N516bn Paris Refund: Labour Teams up With EFCC, ICPC on Probe

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  • N516bn Paris Refund: Labour Teams up With EFCC, ICPC on Probe

The Nigeria Labour Congress and the Trade Union Congress have written to the Economic and Financial Crimes Commission and the Independent Corrupt Practices and other related offences Commission to probe the states, which defaulted in the first tranche of the N516bn Paris Club loan refund.

The TUC President, Bobboi Kaigama, and the NLC General Secretary, Peter Ozo-Eson, confirmed on Thursday, adding that the partnership between Labour and the anti-graft agencies would equally be important in the utilisation of the second tranche of the refund.

The labour centres had alleged that some state governments failed to use part of the money they got from the loan refund to pay salaries or to offset arrears of pension deductions.

The federal and state governments had, in December 2016, agreed that states should use 50 per cent of the refund to settle salary and pension arrears when the fund was released.

But the NLC President, Mr. Ayuba Wabba, had, in an interview on June 4, said more than 26 states benefited from the first tranche of the Paris Club refund, but lamented that about 10 states were still owing workers and pensioners.

“Many of the states have been diverting the bailout meant to pay outstanding salaries and pension to other things; and this is why we are in the present situation,” he had stated.

The Federal Ministry of Finance had, on Friday, published the allocation of the first tranche of N516.38bn reimbursement to the states.

From the statement by the finance ministry, the top five states are Rivers, N34.92bn; Delta, N27.6bn; Akwa Ibom, N25.98bn; Bayelsa, N24.89bn and Kano, N21.7bn.

These five are followed by Lagos, N16.74bn; Katsina, N16.4bn; Kaduna, N15.44bn; Borno, N14.68bn; Jigawa, N14.2bn; Imo, N14.01bn; Niger, N14.42bn; Bauchi, N13.75bn; Sokoto, N12.88bn; and Osun, N12.62bn.

Others are Cross River, N12.15bn; Anambra, N12.24bn; Edo, N12.18bn; Kebbi, N11.95bn; Kogi, N11.05bn; Abia, N11.43bn; Ogun, N11.47bn; and Plateau, N11.28bn.

Similarly, Yobe got N10.82bn; Zamfara, N10.88bn; Ebonyi, N9.01bn; Ekiti, N9.54bn; Enugu, N10.7bn; Gombe, N8.95bn; Nasarawa, N9.1bn; Oyo, N13.31bn; and Kwara, N10.24bn.

Others are Adamawa, N10.25bn; Benue, N13.7bn; Ondo, N14.01bn; Taraba, N9.32bn, and the Federal Capital Territory, N1.36bn.

The Director of Information in the finance ministry, Salisu Dambatta, who signed the statement, had said, “The funds were released to the state governments as part of the wider efforts to stimulate the economy and were specifically designed to support states in meeting salary and other obligations, thereby alleviating the challenges faced by workers.”

The TUC President, Kaigama, told our correspondent on Wednesday that the union had involved the EFCC and the ICPC to probe states which defaulted in using the disbursements to pay workers.

He said, “We have asked the ICPC and the EFCC to probe those states; we already called for their probe. The call we made to the EFCC and ICPC is not only for the first tranche, but subsequent tranches.

“The anti-graft agencies and the TUC have been interacting well on the probe.

“We are working with the Federal Government which directed that the fund be used first for the payment of arrears and pensions before the states do anything else. So if the states do anything else, it would be contrary to the directive.

“We have been liaising with the anti-corruption agencies to make sure that they follow these disbursements. We also ask our TUC state levels to monitor the disbursements.”

The NLC Secretary, Ozo-Eson, said, “We have involved the anti-corruption agencies. From the first bailout, we partnered the ICPC to monitor the funds and we expect this to continue. Our directive to the NLC state councils is to also monitor the funds and ensure that the payment of arrears of salaries and pensions take priority.”

It was learnt from an NLC source that some states, however, still had yet to clear about five months’ salaries owed their workers.

The Head of Media of the EFCC, Mr. Wilson Uwujaren, on Sunday, said he was not aware of the petitions from the labour unions to the agency as his office was not in charge of receiving petitions.

“I am not aware. You know my office does not receive petitions,” the commission’s spokesman stated.

The anti-graft agency had, however, in February, confirmed that it was investigating some governors as well as the accounts of the Nigerian Governors’ Forum in connection with the N516bn Paris Club loan refund to the states.

Some petitions had alleged that some of the state governors, using some consultants and proxies, diverted about N19bn from the refund to the NGF’s account.

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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