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House Raises the Alarm over Nigeria’s 3.5% Annual Deforestation Rate

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SPEAKER of the House of Representatives, Yakubu Dogara
  • House Raises the Alarm over Nigeria’s 3.5% Annual Deforestation Rate

The House of Representatives has expressed its worry at the annual deforestation rate in Nigeria, put at 3.5 per cent by the Food and Agricultural Organisation (FAO)’s 2015 Global Forest Resources Assessment, amounting to approximately 350,000 to 400,000 trees.

The once enviable forests around the country are in real danger of being wiped out, the House said. Experts also believe the various ongoing efforts by the government and private sector operators to adopt tree planting and re-afforestation initiatives have not adequately compensated for the rapid loss of forest cover.

Speaker of the House of Representatives, Hon. Yakubu Dogara speaking in Abuja Tuesday, recalled that Nigeria was once covered by extensive forests.

Dogara, who was represented by the Minority Leader, Hon. Leo Ogor, spoke at the hearing of the ad hoc committee investigating massive deforestation and corruption that has crippled the environment and its effect on climate change, where he added that deforestation has long been taken for granted, but now faces the threat of wiping out forest reserves.

“I dare say the figure is on the increase, especially with the coming of foreign merchants in search of ornate species of wood called Rosewood, which Nigeria is fortunate to be blessed with but is fast becoming a nightmare for the nation,” Dogara said.

“We were alarmed when the FAO reported that Nigeria’s present forest status is less than 5 per cent, well below the international recommended 25 per cent forest standard (afforestation). With this statistics, as a parliament of the people, we cannot continue to fold our hands and watch our nation being destroyed; we must all join hands to preserve our environment. It is our collective heritage and responsibility,” he added.

Dogara said the legislature is concerned with the manner of implementation of various Deforestation, Desertification, Afforestation and Reforestation projects by government at all levels without clear cut success.

These he listed to include projects such as the Sahara Great Green Wall Projects, the Clean Gas Cook and the Wonder bag Initiative, the Presidential Initiative on Afforestation, the UN-REDD+, the FCPF projects and several other local and international projects, which were intended to return Nigeria back to its status of a country with rich forests.

The Chairman of the Committee, Hon. Bede Eke in his address, said the nation’s rich forests and its forest reserves hold the key to take the nation out of the current economic recession and even its state of insecurity.

He lamented that the deforestation with its attendant adverse effects have caused challenges in the eco system, agriculture, health, environmental degradation, climate change, economy and security.

Proactive measures must therefore be taken to avert total destruction of Nigeria’s once enviable forest cover, Bede said.

“It is important to mention that the change agenda of the present administration anchored on transparency in public service and zero tolerance for corruption would amount to nothing if institutions and individuals continue to engage in business with impunity,” he said.

Bede added that strict adherence to the rules and regulations for doing business in Nigeria, whether for domestic use or export purposes, must be complied with by all.

“The rampant ransack and exploitation of our rich forests calls for serious examination of the desirability or otherwise of certain agencies, which from our view have failed the nation in its enforcement mandate,” he added.

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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