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NDDC: N70bn Required to Complete East-west Road

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  • NDDC: N70bn Required to Complete East-west Road

The Managing Director of the Niger Delta Development Commission (NDDC) has disclosed that the Commission and its supervising Ministry, the Ministry of Niger Delta Affairs, need over N70 billion to complete the East-west Road which straddles the six South-South States.

Speaking while receiving the Minister of Niger Delta Affairs, Uguru Usani Uguru, Ekere said: “The NDDC will partner with the Ministry of Niger Delta Affairs and private sector investors on the construction of the East-West road. Over N70 billion is needed to complete the road. So, the strategy will be to harness private sector collaboration to complete the road. The portions that have totally collapsed will be addressed immediately.”

He lamented that the Eleme-Refinery junction section was in a very terrible state. “It is so bad that a 10-minute journey on that axis now takes three hours. That section of the road has failed and we will get contractors to the site immediately,” he said.

The NDDC Chief Executive Officer further stated that the construction of the remaining sections of the East-West Road would be handled by many contractors.

“Our strategy involves multiple contractors. The road, which is a strategic link to the oil and gas industry in Nigeria, connects Edo, Delta, Bayelsa, Rivers, Akwa Ibom and Cross River states.”

According to Ekere, the Commission is embarking on a centralized e-project management scheme which would reduce waste and costs on project management. He added: “We are determined to improve on our project management capabilities. NDDC projects all over the Niger Delta will be managed from a central project management platform such that I can sit in my office at the headquarters and monitor projects all over the region. The essence of this is to ensure a robust project management portfolio and reduce waste and costs.

“We are determined to do things differently. We are determined to leave behind a new and improved NDDC. We are determined to reform our systems to help us reduce the incidents of abandoned projects,” Ekere said.

The minister, during the visit, ordered an investigation into the educational qualification of staff of the NDDC with the aim of exposing ghost workers and those working in the commission with forged certificates.

Uguru directed departmental heads in the commission to submit their nominal rolls to the Managing Director within one week.

Uguru said: “Directors of various departments in this Commission should submit the nominal roll of their respective departments to the Managing Director within one week. I don’t want to hear that we are on it because, I will ask for it immediately it is one week. If you are a departmental head and signs for a ghost worker, you will face it.

“We have observed that there are several people with forged certificates working in NDDC. Please, let us shun all the things that will give a bad image to the NDDC.”

While assuring the board and management of the NDDC that there won’t be political interference in the running of the commission, the Minister stated that the Buhari administration would carry out governance without partisanship.

He promised to stamp out any form of political interference in the running of the interventionist agency.

“We will stop political interference in the NDDC. Any political interference in the commission will be resisted. I assure you, political interference will no longer be an obstacle for the NDDC,” Usani said.

He commended the NDDC board and management for their efforts towards reforming the commission’s processes, and called on the staff to cooperate with the management during its audit exercise.

The minister said: “We must from this day, hasten our processes within the commission. There is no more room for partisanship.”

Usani noted that the audit that would be carried out in the NDDC was a presidential directive which must be complied with as soon as possible, warning that anyone who constituted an obstacle in the audit process would be shown the way out

“The ministry was buffeted with obstacles when it conducted its own audit. The staff of the Ministry tried to frustrate the process,” the minister said.

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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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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