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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 stops customs from seizing imported rice in markets, seaports

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A court of appeal in Kaduna has ruled that the Nigeria Customs Service (NCS) should not impound foreign rice in the open market or on highways.

In a judgment delivered on December 6, a three-member panel of justices led by Ntong Ntong held that existing laws restrict NCS’ enforcement to land borders only.

The judgment was delivered in an appeal filed by the NCS, against a decision of the federal high court that acquitted one Suleiman Mohammed, a businessman, of charges related to the importation of rice.

Customs had arrested Mohammed after seizing a truck carrying 613 bags of foreign rice and 80 bags of millet belonging to the businessman on June 14, 2019, along the Kaduna-Zaria expressway.

Mohammed was charged and arraigned on a two-count charge.

However, in a judgment delivered on November 10, 2021, Z. B. Abubakar, trial judge, acquitted the defendants of the charges.

Abubakar held that the plaintiffs (customs) failed to adduce enough evidence to prove that the defendant imported the goods.

The judge also held that there is no subsisting blanket ban on the importation of foreign rice as claimed by the plaintiffs.

“…the evidence led by the prosecution through PW1, PW2, PW3 and the Exhibits tendered has not established that the Defendant imported Exhibit ‘NCS B1-B612’. Even the investigation conducted by the complainant (Nigeria Customs Service Board) on Exhibit ‘NCS B1-B612,” the judge held.

“As a matter of fact, Exhibit ‘NCS D’ could not reveal who imported the said Exhibits or where they imported from.

“It should be borne in mind that importation of foreign rice is not absolutely or totally prohibited. It is only importation of the product through the land borders of this country that was proscribed by the Federal Government vide Circular No. NCS/TXT/1XE/045/S.416/VOL.1X of 18th March, 2016. The circular provided that foreign rice only be imported into the country through seaports.”

The trial judge held that the prosecution failed to show that the goods were imported through land borders, adding that “the said exhibits could have been imported through the seaport, and the court is entitled to presume so”.

Furthermore, the lower court held that “loading any foreign rice into a truck is not an offence under both Sections 46(b) and 47(1) (a) (ii) of Customs and Excise Management Act (CEMA) (Supra)”.

“It is the landing or unloading of goods or foreign rice at designated customs port CA/K/33/C/2022 or wharf that is prohibited by the aforementioned provisions of the Act,” the judge ruled.

‘APPEAL IS A HOAX’

Aggrieved by the trial court’s judgment, NCS filed an appeal.

However, the appellate court commended the trial court judge for “doing justice in the evaluation of the law and evidence adduced before it”.

Ntong said he agreed with the arguments put forward by the respondent’s lawyer and the judgment of the trial court.

“Truly, I also agree with the learned trial judge, that Kaduna-Zaria expressway is not a “Land border” as stipulated by the law and Exhibit “NCS D,” the justice held.

“Importation of foreign rice in any wise is not generally prohibited. It is restricted to land borders alone.

“If I were in the shoes of the appellant (NCS), I would have honourably thrown in the towel as this appeal is simply a hoax, a fluke and unmeritorious whatsoever.

“From the evidence in the Record of Appeal, the Respondent was merely a purchaser for value and not an importer. The Appellant ought to have arrested the importer and not a mere purchaser from open market with a receipt of purchase Exhibit NCS D.

“How can a fowl leave to attack who killed it to pursue who is de-feathering it? This is an Annang-African Idiom that means the Appellant ought not to shut its eyes away from the importer and be chasing petty traders and consumers who buy from the open market. After all prohibited or contraband goods always pass through the borders which are the beats of the Appellant.”

Consequently, the court dismissed the appeal in favour of the respondents.

The court further ordered customs to return all the goods seized from the businessman in 2019 or pay him the money equivalent.

“Consequently, the Appellant is hereby ordered to release or cause the release of the 613 bags of foreign rice, 80 bags of millet, Exhibit “C” and DAF truck with Registration Number: 57 BS 45 impounded and confiscated from the Respondent on 14th June, 2019 to the said Respondent Suleiman Mohammed or his representative forthwith,” the judge ruled.

“Where it has become difficult or impossible to return the items aforesaid, the Appellant shall pay to the Respondent a sum of money equivalent to the current price or cost of the items aforementioned.”

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Many feared dead as rice distribution causes stampede in Anambra

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An unconfirmed number of residents of Okija community in Anambra state have reportedly lost their lives in a stampede.

TheCable understands that the stampede occurred on Saturday morning during an event for the distribution of rice.

Victims of the stampede are mostly women.

Multiple social media videos seen by TheCable show lifeless bodies laying on the ground after the incident.

Some victims have reportedly been taken to nearby hospitals.

Charles Aburime, the chief press secretary to the Anambra governor, confirmed the incident when contacted.

Aburime said the state government is monitoring the situation and would soon release a statement.

The incident is coming a few days after over 35 people, mostly children, died during a stampede at a carnival in Ibadan, Oyo state capital.

The Anambra stampede is the second rice distribution-related mishap in 2024.

In March, some students of Nasarawa State University, Keffi, were killed in a stampede during the distribution of rice donated by the state government.

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NDLEA trains officers to tackle cross-border drug smuggling

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The National Drug Law Enforcement Agency has organised advanced training programmes for its officers in the Advance Passenger Information System and Passenger Targeting/Intelligence Gathering.

The training aimed to strengthen the agency’s ability to target and intercept high-risk passengers, cargo, and mail, combating illicit drug trafficking.

It also sought to improve international collaboration between countries of origin, transit, and destination to dismantle cross-border criminal networks.

In a statement on Friday, the agency’s spokesperson, Femi Babafemi, said the training, which was facilitated by the United Nations Office on Drugs and Crime, was held recently in Côte d’Ivoire and Abuja.

“Two key NDLEA Commanders, ACGN Usman Ali Wadar of the Murtala Muhammed International Airport Strategic Command and CN Mohammed Ajiya of the Nnamdi Azikiwe International Airport participated in the six-day training in Abidjan. Additionally, 13 officers from MMIA and NAIA underwent a five-day session in Abuja. The officers are now tasked with cascading their newfound knowledge to their colleagues,” he added.

He said the Chairman/Chief Executive Officer, Brig. Gen. Buba Marwa (retd.) lauded the officers for their commitment, urging them to integrate the newly acquired skills into their daily operations at the airports to enhance security and disrupt drug trafficking networks.

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