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NLC Vows To Resist Sale Of National Assets

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NLC President Ayuba Wabba in response to Senate President Bukola Saraki’s suggestion that President Buhari should consider selling National assets in order to revive the deteriorating economic situation in the country has now come out to say that selling the Nation’s asset is not an option

He revealed this in a recent interview with The Nation Newspaper:

He Said: “First, most of our national assets they have sold under the banner of privatisation, non of them has succeeded. Many countries of the world has passed through this same period of recession and their approach to addressing the issue is not to sell their commonwealth, leaving them in the hands of a very few.

“As NLC, we are against the sale of those assets because we have tried it even in the power sector and the result is very obvious. Those people are looking for opportunity to buy those assets themselves. We are against it, especially selling them to individuals because of the gee viols effect of those assets that have been sold in the last.

“In the past, they were sold at give away price and people just amassed them for themselves.

“There can be a coexistence with people coming to invest side by side and for the government to strategically hold on to these assets. NLC is totally against the sale of these assets in the name of trying to address a short time need to address the challenges we are passing through. That is not what other countries have done.”

Wabba said should the government listen to the proposal and sell off the assets, organised labour will lock down the nation until the decision is reversed. “If they go ahead to sell the assets, we will protest. We have done that in the past,” he said.

“When it comes to selling off our national assets, if you remember, there was a time when they tried to sell the refineries when Obasanjo left office. We protested against it and that was how that decision was reversed. It is not as if these assets cannot add value, but because they have not been allowed to operate maximally.

“Take the refineries, for example. Our refineries are still among the newest in the world and so, if we add value to them, it is possible for the refineries to stop importation. It is because of inherent corruption that these refineries have not been allowed to work.

“Instead of addressing the corruption, what they did was to shift the to the larger Nigerian people without addressing the inherent challenges in the system.

“Our position is very clear and that is the fact that we are against their sales because they are for our children and generations yet unborn. We will be doing a lot of disservice if we sell such items. How are we sure that if we sell them, it will address the current challenges.”

He further said:“So, we must look at our fiscal policy, we must restructure our fiscal policies and try to work towards production  and ensure that we are able to stimulate economic activities, considering the fact that a lot of savings have been made from recoveries made as a result of funds that were taken away as a result of corruption.

“These funds should be deployed immediately to stimulate economic activities. It is also very key to stabilise our power sector because no economy can move forward or engage in meaningful production without stable power supply. ”

 

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Shake-up in EFCC as Olukoyede appoints chief of staff, 14 directors

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Ola Olukoyede, chair of the Economic and Financial Crimes Commission (EFCC), has appointed Michael Nzekwe as his chief of staff.

As part of a restructuring drive, Olukoyede upgraded all the zonal commands of the EFCC to departments and appointed 14 new directors.

A statement by Dele Oyewale, EFCC spokesperson, said the security unit of the agency has been upgraded to a department with a chief security officer at the helm.

“To this effect, 14 new directors have been appointed to head each of the zonal commands,” Oyewale said.

“Additionally, to bolster and fortify the security architecture of the commission, the security unit of the EFCC has been upgraded to a department with a seasoned officer appointed as director, security and chief security officer.

“A new department has also been created in the executive chairman’s office and it is headed by former Makurdi zonal commander of the EFCC, Mr. Friday Ebelo who also doubles as director and coordinator, special duties at the corporate headquarters of the commission.”

Nzekwe was the commander of the Ilorin zonal command and a course one officer.

Nzekwe, a lawyer and an investigator, has served in various departments in the anti-graft agency — including legal and prosecution, operations (now department of investigations), internal affairs (now department of ethics and integrity), Servicom, and asset forfeiture.

The new chief of staff has attended trainings and courses at home and abroad, including the Advance Defence Intelligence Officers Course organised by Defence Intel Agency (DIA).

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Abuja American school has refunded $760k of Yahaya Bello’s children fees, says EFCC

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The Economic and Financial Crimes Commission (EFCC) says the American International School Abuja (AISA) has refunded the fees paid for the children of Yahaya Bello, immediate-past governor of Kogi state.

Bello allegedly paid $760,910 in advance as fees for five of his children from the coffers of the Kogi state government.

The children are in grade levels 2 to 8 at the school.

“The money has been paid into public account,” Dele Oyewale, EFCC spokesperson, told TheCable on Saturday morning.

The anti-graft agency had asked the school to refund the money.

In response to a letter addressed to the Lagos zonal commander of the EFCC, the school said $845,852 was paid in tuition “since the 7th of September 2021 to date”.

AISA said the sum to be refunded is $760,910, because it had deducted educational services already rendered.

“Please forward to us an official written request, with the authentic banking details of the EFCC, for the refund of the above-mentioned funds as previously indicated as part of your investigation into the alleged money laundering activities by the Bello family,” the school said in the letter.

“Since the 7th September 2021 to date, $845,852.84 (Eight Hundred and Forty Five Thousand, Eight Hundred and Fifty Two US Dollars and eighty four cents) in tuition and other fees has been deposited into our Bank account.

“We have calculated the net amount to be transferred and refunded to the State, after deducting the educational services rendered as $760,910.84. (Seven Hundred and Sixty Thousand, Nine Hundred and Ten US Dollars and Eighty Four cents).

“No further additional fees are expected in respect of tuition as the students’ fees have now been settled until they graduate from ASIA.”

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‘Mischievous narrative’ — Yahaya Bello’s media office reacts to ‘American school refunding $760k’ claim

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The media office of Yahaya Bello, former governor of Kogi state, has described claims that the American International School Abuja (AISA) intends to refund $760,000 of school fees paid in advance as a “mischievous narrative”.

On April 26, documents in which AISA asked the Economic and Financial Crimes Commission (EFCC) to provide “authentic banking details” for the refund of fees paid for the children of Bello, made the rounds online.

In a letter addressed to the Lagos zonal commander of the EFCC, the school said the sum of $845,852 has been paid in tuition “since the 7th of September 2021 to date”.

AISA said the sum to be refunded is $760,910, because it had deducted educational services already rendered.

On April 23, Ola Olukoyede, the EFCC chair, had said Bello paid $720,000 in advance as fees for five of his children from the coffers of the Kogi state government.

However, in a statement signed by Ohiare Michael, the ex-governor’s media office said “Yahaya Bello’s children have attended the American International School, Abuja, since before he became Governor, and he has paid their fees as due without fail”.

The statement added that Bello did not use Kogi state funds to pay the fees.

“He did not pay USD720,000 or USD840,000 as alleged. The payment commenced in 2021, not when he was leaving office,” the statement reads.

“He did not use Kogi State Government funds to pay the fees.

“The EFCC’s attempt to recover funds from the school was unsuccessful, and the court mandated the school to continue providing services.

“The documents published online are public documents filed in court and show that Yahaya Bello has nothing to hide.

“The payment is the subject of an ongoing court case, and we await the EFCC’s proof in court.”

Michael added that Bello will not be intimidated by blackmail.

“We will not engage in prejudicial statements while the matter is sub judice,” the statement reads.

“We thank Nigerians who recognize the EFCC’s desperation as personal vendetta.

“We implore others not to be misled by mischievous narratives but to follow the case until justice is served.

“Yahaya Bello will not be intimidated by blackmail and will continue to follow due process.”

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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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