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Tinubu: Nigeria Won’t Make Progress without Restructuring

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  • Tinubu: Nigeria Won’t Make Progress without Restructuring

Lending weight to growing calls for restructuring of the Nigerian federation, national leader of the ruling All Progressives Congress, Asiwaju Bola Tinubu, said saturday in Lagos that the country’s development would remain an unrealistic hope under the current quasi-federal structure. Tinubu stated this last night in his keynote address at the 2017 Founders’ Day Dinner of King’s College Old Boys’ Association. He said the present system was overcentralising power at the expense of the federating units.

The former governor of Lagos State called for a return to the ideals of the 1963 Constitution, which he said guaranteed fiscal federalism, regional autonomy, regional constitutions, and progressive competition among the federating units.

Tinubu said, “Many of the 68 items on the Exclusive Legislative List should be transferred to the Residual Legislative List,” explaining, “This would be in harmony with the 1963 Constitution, again an instance of reaching back to revive something old yet more likely to give us a better Nigeria. That prior constitution granted vast powers to the regions, enabling them to carry out their immense responsibilities as they saw fit.”

He faulted the approach of the federal government to the Paris Club refunds, saying it “has no right to withhold funds that constitutionally belong to the states.”

Represented at the dinner, where he was Principal Guest of Honour, by chairman of the Board of Trustees of the Hydro-Carbon Pollution Restoration Project and former Commissioner for Finance, Mr. Olawale Edun, Tinubu spoke on the topic, “A New Nigeria or A Better One: the Fitting Tools of a Great Repair.” He said the vestiges of the country’s military past were still been allowed to haunt its democratic future.

APC, which had promised restructuring and true federalism as cardinal principles in its manifesto while contesting the 2015 general election, has been widely criticised for jettisoning that promise since winning power. But owing to pressure from the public, the party recently set up a committee on restructuring headed by Kaduna State Governor Nasir el-Rufai to make recommendations on the hot issue. The committee has, reportedly, submitted its report to the APC authorities, but it has not been made public.

Tinubu, whose defunct Action Congress of Nigeria was a key proponent of restructuring and fiscal federalism before entering the merger that gave birth to APC, re-echoed his stance on the structure of the federation at the KCOBA dinner, lending a strategic voice to a growing demand.

Lamenting that Nigeria functioned as a unitary state, despite being constitutionally defined as a federal republic, Tinubu said, “We cannot become a better Nigeria with an undue concentration of power at the federal level. Competition for federal office will be too intense, akin to a winner-take-all duel. Those who lose will bristle at the lack of power in the periphery they occupy.

“They will scheme to pester and undermine the strong executive because that is where they want to be. The executive will become so engaged in deflecting their antics that it will not devote its great powers to the issues of progressive governance for which such powers were bestowed.”

He said if Nigeria continued in the current pseudo-federal path, it “will be in a constant state of disequilibrium and irritation. Such a situation augurs toward the maintenance of an unsatisfactory status quo in the political economy. It augurs against reform.” He stressed that the country must restructure “to attain the correct balance between our collective purpose, on one hand, and our separate grassroots realities, on the other.”

Under the 1963 constitutional order, he explained, regional autonomy was a major feature by virtue of the fact that the regional governments were closer to the people and had a better understanding of the material and intangible priorities of their populations.

The APC leader stated, “We must return to this ideal. Some items which should be left for the states to handle, such as police, prisons, stamp duties, regulation of tourist traffic, registration of business names, incorporation of companies, traffic on federal truck roads passing through states, trade, commerce and census, are now on the Exclusive List for the federal government.

“Regarding the all-important electrical power, while the federal government takes the lead, there is no logical reason to limit federating units to generate, transmit and distribute electricity only to areas not covered by the national grid.

“The states should be allowed to augment power generation so long as they do not undermine federal operations. For instance, a state may wish to develop an industrial park or housing estate either of which will require a boost in power generation.

“However, if the national government does not agree, the state will be foreclosed from projects that provide jobs and better living conditions to its people. This is not in keeping with the spirit of federalism. It is consonant with an undemocratic tradition that keeps us from approaching a better Nigeria.”

The former governor advocated a review of the revenue allocation formula to give more funds to the states. He said the Paris Club refunds belonged to the various state governments, arguing that the federal government “does not have legal basis for withholding the Paris Club refunds.” Though he said, “We all support propriety of expenditure,” and acknowledged that the sentiment behind the withholding “is understandable, if not laudable,” he insisted that the federal government “has no right to withhold funds that constitutionally belong to the states.

“The fear of possible misuse of funds is no reason to violate the constitution. Provide the funds to the states as legally required. Committed and fine governors will use the funds wisely. And the people will be better off. As to those who squander the money, there are appropriate ways to expose and sanction them.”

Tinubu said “to withhold the funds, no matter how well intended, is to undermine federalism and the rule of law. It will have adverse long-time consequences; as such, it is too high a price to pay.”

Tinubu canvassed compassion in governance and condemned the growing tendency towards the rule of the might. “It is a dark period the world has entered, where the lesson is the powerful do as they will and the weak suffer as they must,” he said, adding that the trend “holds nothing good for Nigeria. We must adhere to the values and policies that suggest tomorrow can be made a better place than today. I refuse to believe we have become such an untoward lot that the longer we live together, the more estranged we become.

“Just as we have gathered here today, we must gather about the national table to repair our political discourse. In this way, we begin the process leading to policies that bring civic kindness, generosity of spirit, sustainable growth, equality, and peace to every Nigerian who seeks these good things.

“These are the pillars of a better Nigeria. By the grace and mercy of our common Creator, we shall build such pillars so that we and succeeding generations may come to build even greater things upon them.”

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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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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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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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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