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Diiversify The Economy, Atiku Urges Buhari

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Economy
Economy
Speaking in Lagos during the investiture ceremony of the 9th president and chairman of Council of the Chartered Institute of Stockbrokers on Wednesday, Nigeria’s former vice president, Atiku Abubakar, gave out factors he feels is responsible for Nigeria current situation of economic decay and recession
Atiku said: “Our biggest problem is our addiction to oil revenues; the belief that we are doomed unless oil flows and oil money fills the Federation Account for our tiers of government to share.
 
“Another related, and flawed, belief is that the federal government alone is the only force, the know-all, be all, and do all that would direct and bankroll the diversification of our economy.
 
“And we have convinced ourselves, again wrongly, that the only reason that the federal government is unable to spend money to do all we expect it to do is that the money has been stolen. We must erase that mindset in order for us to begin to climb out of our current depths.
 
“Instead of looking at oil money as what was required to diversify the economy, the federal government must work out ways to empower the private sector to grow the economy and create jobs.
 
“I don’t mean selecting a few companies deemed worthy of government support. No, we need radical reforms that streamline our bureaucracy and eliminate rules and regulations that stifle innovation.
 
“We also need robust management processes that ensure that public money buys us better infrastructure, education outcomes and healthcare. Our most valuable resource is not our oil; it is our people. All of our people.
 
“The good news is that most Nigerians have forgotten about the oil money and moved on with their lives. The bad news is that our governments and political leaders don’t seem to have noticed that shift.”
He Further added:
“We can’t just borrow our way out of our oil addiction. Our governments must live on taxes, the way other democracies do. It will help us live within our means, as it means government can only spend what the people can bear.
 
“It will help ensure accountability as tax payers are more likely to ask for accountability when the money comes directly from their pockets,” he said.

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Court restrains EFCC from arresting, detaining, and prosecuting Yahaya Bello

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A High Court sitting in Lokoja, Kogi State, has restrained the Economic and Financial Crimes Commission from infringing on the fundamental human rights of Alhaji Yahaya Bello, former Kogi State Governor.

In a two hour judgment delivered on Wednesday, at the High Court 4 and presided over by Hon. Justice I.A Jamil, in suit no HCL/68/M/2020, the court restrained the EFCC from arresting, detaining and prosecuting the applicant except as authorised by the Court. This is a definite order following the earlier interim injunction given.

The judgment followed the suit brought before the court by Alhaji Yahaya Bello, the applicant, seeking to enforce his fundamental rights against the Economic and Financial Crimes Commission.

The Court equally restrained the respondents from continuing to persecuting the Applicant.

Earlier in the judgement, the Court dismissed the issue of jurisdiction as challenged by the EFCC.

The Applicant’s Counsel SA Abbas and MS Yusuf, described the judgment as landmark while the

Defendant Counsel, T.U Odima and Patrick O. Jibril also aligned themselves to the judgment, describing it as thorough.

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Troops rescue Chibok girl with three children — after 10 years in captivity

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Troops of the Nigerian Army have reportedly rescued one of the Chibok schoolgirls abducted by terrorists in 2014.

Zagazola Makama, a counter-insurgency publication focused on the Lake Chad region, said the girl, Lydia Simon, was rescued by troops of 82 division task force battalion in Ngwoza LGA of Borno.

The publication said Lydia, who is five months pregnant, was rescued alongside her three children on April 17.

She was among the 276 students abducted from the Government Girls Secondary School Chibok in April 2014.

The publication added that Lydia claimed to be from Pemi town in Chibok.

Makama said Lydia escaped from a camp located at Ali Ngulde in Mandara mountain where she was held captive for 10 years.

The publication said the girl surrendered to troops of 82 division task force battalion at Ngoshe in Gwoza LGA of the state.

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We’ll no longer allow obstruction of our operations, says EFCC after Ododo’s rescue of Yahaya Bello

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The Economic and Financial Crimes Commission (EFCC) has warned members of the public that it is a criminal offence to obstruct its officers from carrying out their lawful duties.

The warning comes after Usman Ododo, governor of Kogi, “rescued” Yahaya Bello, his predecessor, from the commission’s siege in Abuja on Wednesday.

The EFCC operatives had earlier restricted movement in and around Bello’s house situated on Benghazi street, Wuse Zone 4, Abuja.

But after a few hours, Ododo arrived at Bello’s residence and was later seen leaving with his predecessor.

The anti-graft agency had named Bello in an amended money laundering charge filed against Alli Bello, chief of staff to the incumbent governor of Kogi.

In a statement on Wednesday, Dele Oyewale, spokesperson of the agency, said the warning became necessary due to the “increasing tendency of persons and groups under investigation by the commission” to “take the laws into their hands by recruiting thugs to obstruct lawful operations of the EFCC”.

”Section 38(2)(a(b) of the EFCC Establishment Act makes it an offence to prevent officers of the Commission from carrying out their lawful duties. Culprits risk a jail term of not less than five years,“ the statement reads.

“On several occasions, operatives of the Commission have had to exercise utmost restraint in the face of such provocation to avoid a breakdown of law and order. Regrettably, such disposition is being construed as a sign of weakness.

“The Commission, therefore, warns that it will henceforth not tolerate any attempt by any person or organisation to obstruct its operation as such will be met with appropriate punitive actions.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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