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Again, Yoruba Leaders Adamant on Nigeria’s Restructuring

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  • Again, Yoruba Leaders Adamant on Nigeria’s Restructuring

For justice, peace and tranquility in Nigeria, Yoruba leaders again thursday said there was no alternative to their calls for restructuring of the nation’s component parts.

Rising from a marathon meeting in Ibadan, the Oyo State capital, they renewed their agitation for restructuring of the country as prominent Yoruba leaders met to discuss issues of national importance.

They insisted that Nigeria must be restructured to reflect true federalism and promote regional and national development.

The leaders also charged the federal government to commence the process of implementing the report of the 2014 National Conference as a template for restructuring of the country.

The Yoruba leaders under the aegis of Yoruba Leadership and Peace Initiative warned that no nation has ever witnessed war twice and survived it, stating that Nigeria cannot afford another civil war.

According to them, the time has arrived for Yoruba people to put on the thinking cap and take a stand on the current agitation across the ethnic groups in Nigeria.

The leaders, who emphasised Yoruba unity, noted that there is a national consensus that Nigeria is overdue for restructuring, urging the Federal Executive Council (FEC) and legislative arm of government to begin the process of implementing or review of the confab report before the 2019 general election.

Present at the event were a former Deputy National Chairman of the Peoples Democratic Party (PDP), Chief Bode George; former Governor of Ogun State, Gbenga Daniel; Senator Bode Olajumoke; a legal luminary, Chief Niyi Akintola (SAN); Pro-Chancellor, Lead City University, Professor Gabriel Ogunmola, Mrs. Bola Doherty and Chairman, Afenifere Renewal Group (ARG), Hon. Olawale Oshun.

Others were the National Chairman, National Action Party (NAC), Mr. Olapade Agoro; Proprietor, Lead City University, Ibadan, Professor Jide Owoeye; a retired Archbishop of Methodist Church Nigeria, Archbishop Ayo Ladigbolu; National Coordinator of Oodua Peoples Democratic(OPC), Gani Adams; Chief Tokunbo Ajasin, the scion of former governor of Ondo State, the late Pa Adekunle Ajasin; Secretary General, Yoruba Council of Elders (YCE), Kunle Olajide; Oloye Lekan Alabi , and convener of the retreat, Deji Osibogun.

George in his remarks, warned that the mistakes of the past should not be allowed to be repeated, adding that there must be collective effort to avoid truncating the unity of the Yoruba race.

Speaking on the need for the restructuring of the country, the former Deputy National Chairman (South-west) of the PDP, said: “Restructuring Nigeria doesn’t mean we are going to scrap the national government. You can see the way Americans work. What you produce, you should keep 70 per cent, and then send 30 per cent to the national government. That will encourage development from the grassroots to the centre. It is the military government that made everything unitary. And that is the style in the military. We need to revisit it. There have been a lot of outcry about it. And for me, I was at the conference. I supported it at that time and I support it now. And I will continue to support it.”

While harping on the education and enlightenment of the younger generations, George stated that the thoughts of former Premier of the defunct Western Region, Chief Obafemi Awolowo, should be revisited in administering South-west states, adding that Awolowo’s methodology in education, health, and politics remained the best till date.

He urged South-west governors to pick it up and sincerely manage Yoruba states successfully.

In his submission, former Ogun State Governor, Daniel, threw his weight behind restructuring of Nigeria, and advocated that the report of the 2014 National Conference should be re-considered by the federal government and not confine it to dustbin.

Agoro, while speaking, however, urged the Yoruba race to stand with the Acting President, Prof. Yemi Osinbajo, especially at this period.

Earlier, the convener of the retreat, Chief Deji Osibogun, noted that after several years of debate on how to bring the Nigerian people together to agree on the modalities for restructuring the polity, the administration of former President Olusegun Obasanjo convened the National Political Reform Conference in 2005, but noted that the initiative failed to douse agitation in the country.

“And because of the agitation across the ethnic groups, the former President Goodluck Jonathan convened another national conference in 2014. The 2014 dialogue was acknowledged to have made very far-reaching decisions on the required constitutional reforms to effect the desired restructuring.

“Not only did the conference address major issues of concern such as devolution of power, relative autonomy, resource control and fiscal federalism, among others, participants from all over the country unanimously agreed to the final report of the conference, which was submitted by Justice Kutigi to the federal government.

“Today, there is no doubt that there is a national consensus that Nigeria is overdue for restructuring. Therefore, we urge the federal executive and legislative arm of government to begin the process of implementing, or reviewing for implementation, the report of the 2014 national conference and ensure that it is completed before the 2019 general election.

“The report is a working document already at hand. It contains the considered opinion of the people of Nigeria, represented by participants from various sections of the country on the issues concerned. It cannot be pushed aside or dumped in the ashes of history,” Osibagun said.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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EFCC Nabs Ex-Delta Governor, Okowa, For Alleged N1.3trn Fraud

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Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested former Delta State Governor, Ifeanyi Okowa, over the alleged diversion of N1.3 trillion.

Sources with the EFCC revealed that Okowa visited the EFCC office in Port Harcourt, Rivers State, on Monday before he was subsequently detained by officials.

The N1.3 trillion reportedly represents the 13% derivation fund from the federation account between 2015 and 2023.

It was gathered that Okowa was at the Port Harcourt office of the Commission following an invitation from investigators probing the allegations against him.

The former governor was said to have been apprehended no sooner than he arrived at the anti-graft office.

Okowa was also accused of failing to account for the funds, as well as another N40 billion he allegedly claimed was used to acquire shares in UTM Floating Liquefied Natural Gas.

Sources said the former governor reportedly bought shares worth N40 billion in one of the country’s major banks, representing an 8% equity stake, to support the offshore LNG project.

The funds are alleged to have been misappropriated for other purposes.

They noted that investigators are also examining the alleged diversion of funds by the former governor to acquire estates in Abuja and Asaba, Delta State.

Okowa was the running mate to Atiku Abubakar, the presidential candidate of the People’s Democratic Party in the 2023 election.

He was the governor of Delta State from 2015 to 2023 and was succeeded by Sheriff Oborevwori, the incumbent Governor.

When contacted, EFCC spokesperson, Dele Oyewale, confirmed the arrest but declined further comment on the matter.

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FG Frees Minors Remanded For Protesting Hunger In Nigeria

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Some minors who joined the nationwide #EndBadGovernance in Nigeria have regained their freedom.

Their release followed the striking out of the treason charge against them by a Federal High Court sitting in Abuja on Tuesday.

Investors King had reported that the Federal Government through its security agencies arrested and preferred treason allegations against the minors who participated in the August #EndBadGovernance protest.

However, President Bola Tinubu had directed the release of the minors owing to the outrage that greeted their arrest, prosecution and incarceration.

Carrying out the presidential directive when the matter resumed on Tuesday, counsel to the Attorney-General of the Federation (AGF) and Minister of Justice, Mr Lateef Fagbemi, SAN, Mr. Mohammed Abubakar, made an application for discontinuation of the case.

Abubakar, who is the Director of Public Prosecution of the Federation (DPPF), premised his application on provisions of Sections 174(1), (b), and (c) of the 1999 Constitution (as amended) and 108 of the Administration of Criminal Justice Act (ACJA), 2015.

He informed the court that the AGF had officially taken over the case file, saying the Federal Government no longer has interest in the case against the protesters.

The DPPF also applied for the proceeding to be conducted without the presence of the minors in the courtroom, in line with provisions of Section 266 (b) of the ACJA, 2015, and Section 1 of the Child’s Rights Act.

Counsel to the defendants, including Mr Femi Fanala, SAN, did not oppose the application.

To this end, Justice Obiora Egwuatu struck out the charge against the protesters who were minors.

Recall that the judge had last Friday admitted the 114 protesters arraigned by the police to N10 million bail each with two sureties each in like sum.

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Knocks, Kudos For Judiciary Over Stoppage of Allocations to Rivers State as Fubara Boasts of Coping Without FG’s Funds

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Siminalayi Fubara

A mixture of condemnation and praises has trailed a judgement of a Federal High Court that stopped the release of state allocations to the Rivers State Government.

Investors King had reported that Justice Joyce Abdulmalik of a Federal High Court in Abuja, on Wednesday, ordered the stoppage of the release of monthly federal allocations to Rivers State.

Justice Abdulmalik predicated her action on the grounds that the state government was in violation of the Constitution as regarding the state expenditures.

According to the judge, the current budget being operated by the state was not passed by a lawful arm of the Rivers State House of Assembly, therefore, Fubara is not entitled to allocations from the government at the centre.

Meanwhile, some stakeholders in the country have knocked the judiciary over the decision, calling on the Chief Justice of Nigeria, Justice Kudirat Kekere-Ekun to rein in on judges’ actions over the political crisis ravaging Rivers.

For former Vice President Atiku Abubakar, the judiciary should be cautioned against setting the South-South State on fire.

In a statement by his media adviser, Paul Ibe, the former Vice President, said it was appalling that some elements loyal to the Federal Government were pulling the strings from behind.

Atiku wondered why Justice Joyce Abdulmalik issued the order when it was public knowledge that Rivers State had already challenged the Court of Appeal’s judgement on the legality of Rivers State’s 2024 budget.

He, however, called on Justice Kekere-Ekun to ensure that those found wanting are disciplined in order to restore the fading glory of the nation’s judiciary.

In the same vein, Chief Emeka Kalu, National Coordinator of the Peoples Democratic Party (PDP) Coalition observed that the ongoing crisis plaguing Rivers State must be handled with caution to save it from unnecessarily being flamed in uncontrollable state of lawlessness.

Kalu in the statement said the judiciary is expected to maintain its integrity and protect her independence by working to avoid being politically purchased to harm democratic processes and the ethics of law.

According to him, the recent judgement by the Abuja Federal High Court division directing the RMAFC to stop releasing statutory monthly allocation to the State government was done out of bias and politically motivated plans to disrupt Fubara ‘s administration.

The group affirmed that it remains the height of injustice for a political party under the guise of personal interest to continue raising the dust of anarchy against the will of the people and the judiciary is expected to redeem and revitalize the failed system instead of allowing herself to be used to ruin the polity.

On the contrary, the National Democratic and Change Coalition has hailed the court for the judgment banning further release of allocations to Rivers and called on Governor Fubara to refund all monies spent without appropriation to the state coffers.

The coalition, while expressing satisfaction with the ruling, said the people of Rivers State have been vindicated and the long-awaited justice has been served on the governor.

Reacting via a press release by John Uloko, president of the coalition hailed Justice Joyce Abdulmalik for the judgment, saying that since January 2024, Rivers State had received and spent allocations based on an “illegitimate” budget, thereby describing it as a “constitutional aberration”.

The group, made up of lawyers, agreed with the court that Governor Siminalayi Fubara’s presentation of the 2024 budget before a four-member Rivers House of Assembly was an affront to the constitutional provision.

It added that the ruling is a victory for democracy and will teach rogue governors the bitter lesson that the Constitution of the Federal Republic must be respected and the sanctity of the nation’s democratic institutions upheld irrespective of their political desperation.

Nonetheless, the embattled Governor Fubara, on Wednesday said the restriction placed on the state allocations is “the least” of his problems.

Governor Fubara stated this during a special thanksgiving service organised by the state government to celebrate his administration’s resilience amid escalating political crises, which began with the arson attack on the State House of Assembly complex exactly one year ago.

Governor Fubara assured that despite the court order, his administration would continue payments to contractors and ensure workers’ salaries are disbursed from today (Thursday).

He also confirmed that allocations for the 23 Council Chairmen would be credited, as the Joint Accounts Allocation Committee procedures have been completed.

The governor encouraged his supporters to remain resilient, assuring them that all challenges are surmountable.

Reflecting on his administration’s success, Governor Fubara noted that despite predictions that his government would not last even a week, he has successfully led for over a year.

He said his administration has also conducted local government elections against all odds and maintained a full cabinet despite attempts to undermine his leadership through resignations.

Highlighting his administration’s progress, he mentioned ongoing project executions across the state, countering critics who claimed he would be unable to deliver.

He also cited recent reports that position Rivers State as one of the leaders in financial accountability and transparency.

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