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Cryptocurrency Portrays Greater Danger To World Economy, Says EFCC

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Chairman, Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa, has said growth of cryptocurrencies, such as Bitcon portrays a far greater danger to the world economy.

The EFCC boss stated this while delivering a keynote address on Monday at the 38th Cambridge International Symposium on Economic Crime, themed, “Economic Crime-Who pays and who should pay?”, organized by the Center for International Documentation on Organized and Economic Crime (CIDOEC), Jesus College, University of Cambridge,, United Kingdom.

Describing cryptocurrencies as the new typologies of economic crimes, Bawa said criminals now elect to transact or receive illegal monies such as ransom money in digital currency, noting that Bitcoin and Ethereum were the most commonly used medium of these exchanges.

He therefore, advocated collective and collaborative approach by authorities around the world in dealing with the challenges of financial crimes which, he noted, is a global scourge as no nation is spared its virulence.

According to him, economic crimes which are largely illegal acts committed for private gain, “affect the vital structures of global economies, causing significant damage to the Global Financial System and depriving developing nations of the needed resources for sustainable development”.

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He noted that developed countries are not immune from the scourge, which has “magnified with the proliferation of Cyber-crimes which threatens the stability of Global Financial Institutions.”

He commended the choice of theme which he said offers a platform to interrogate the challenges of economic crimes.

“As the victims of crime continue to suffer globally from the effects of financial crimes, either directly or indirectly as part of a social system, the determination of who pays or who should pay becomes a critical measure of the criminal justice system in place,” he said.

He underlined the imperatives of an impartial judiciary in ensuring that “the perpetrators of acts and not the victims pay for their crimes.”

While highlighting some of the transparency and accountability achievements of the Nigerian Government under the leadership of President Muhammadu Buhari including enactment and amendment of relevant laws to enhance public accountability and reforms such as Treasury Single Account and the Whistle Blower Policy among others;  Bawa pointed out that the EFCC, as the rallying point in the fight against economic crimes in Nigeria, has recorded important milestones in investigations, prosecutions and assets recovery.

In his words, “Since its establishment in 2003, the Commission has recorded no less tha  3,500 convictions and recovered assets of significant value including properties in Nigeria, the UK, USA, and the UAE. All these have measurably contributed to the national efforts against economic crimes in Nigeria”.

The EFCC boss concluded by challenging participants to come up with practical solutions to curb the international threat of economic crimes.

Chairman of the Symposium, Mr. Saul Froomkin, thanked the EFCC boss for his insightful presentation, and the support received from Nigeria in organizing the event.

Participants at the Symposium were drawn from law enforcement and security agencies, accountability institutions and select stakeholders from across the World.

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Council of Jumu’at Imams Supports Kano Government on Profiling NGOs

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Sheikh Muhammad Nasiru Adam

 

The National Council of Jumu’at Imams, led by its chairman, Sheikh Muhammad Nasiru Adam, has declared its unwavering support for the Kano State Government’s initiative to profile non-governmental organizations (NGOs). Sheikh Muhammad Nasiru Adam made this announcement while addressing journalists in Kano on Monday.

Sheikh Muhammad Nasiru Adam is the chief Imam of Sheikh Ahmad Tijjani Masjid located in Kofar Mata in the heart of Kano city.

“We are fully behind the Kano State Government on its stand in profiling NGOs,” Sheikh Muhammad Nasiru Adam stated.

Sheikh Muhammad Nasiru Adam emphasized the importance and significance of profiling NGOs, noting that certain NGOs’ activities conflict with the tradition, culture, and religion of the people of Kano. He explained that these activities sometimes negatively impact the social well-being of the Kano populace. “That is why we found it imperative and necessary to back the state government, especially the committee it sets up to profile the NGOs,” he said.

The chairman of the National Council of Jumu’at Imams urged the people of Kano and all well-meaning citizens to support the committee established by the state government to profile NGOs operating in Kano without proper introduction to the government and people of the state. “I am calling on the people of Kano and every well-meaning citizen to back the committee set up by the state government to profile the NGOs that come to Kano to carry out their activities without introducing themselves to the government and people of Kano State,” Sheikh Muhammad Nasiru Adam urged.

Sheikh Muhammad Nasiru Adam underscored that Islam has laid down conditions for how every association is supposed to operate. He quoted a verse from the Quran: “Waltaqun minkum ummatun yad’una ilal-khairi wa ya’muruna bil ma’rufi wa yanhauna ‘anil-munkar” (3:104), which means “You should be a community of people who advocate for the observance of good deeds and forbidding what is wrong.”

The Imam further cited a renowned cleric from Egypt, Sheikh Mutwallusshaarawi, who emphasized how NGOs should operate. He also quoted the late King of Saudi Arabia, King Abdullah, who said, “We are not supposed to live in a country that we cannot protect.”

Sheikh Muhammad Nasiru Adam concluded by stating that the Council of Jumu’at Imams is committed to actions that aid and benefit the religion of Islam. “This is the stand of the Council of Jumu’at Imams, and one of its primary responsibilities is seeing what is going to aid and benefit the religion of Islam,” he affirmed.

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Dangote Group Deploys Advanced Technology In Companies   

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From left:  Group General Manager, Dangote Sugar Refinery, Numan, Bello Dan-Musa, Senior Advisor to the Dangote Group President, Fatima Wali Abdurrahman (Receiving an Award), President of the KADCCIMA, Ishaya Idi, First Deputy President of KADCCIMA, Farouk Suleiman, at the Dangote Special Day during the just concluded 46th Kaduna International Trade Fair.

Clinging onto its position as Africa’s leading conglomerate, the Dangote Industries Limited has instituted a plethora of cutting-edge technology in creating top-notch efficiency for all its companies.

Speaking weekend at the just concluded 46th Edition of the Kaduna International Trade Fair, Senior Advisor to the President of the Dangote Group, Fatima Wali Abdurrahman, said the digitization exercise is a sustained endeavour, adding that it has helped in speeding up manufacturing and sales.

“As some of you may be aware, we have since digitized our manufacturing and sales processes through the deployment of automated and smart systems, particularly in our cement plants,” she said.

Mrs. Wali Abdurrahman spoke at the Dangote Special Day, against the backdrop of the Trade Fair’s theme: Promoting Efficiency in Manufacturing, Trade, and Agriculture through Digital Transformation.

She said what normally takes days, now takes minutes to accomplished.

The company is one of the major sponsors of this year’s Trade Fair.

She said: “The integrated advanced technology adopted in all our operations; cement, sugar, salt, fertiliser, Petro-chemicals, and agriculture, has made us become leaders in all sectors where we play.

According to her, customers of the company have voiced their immense satisfaction with this innovative ordering channel, reinforcing our commitment to enhancing their experience and propelling future growth.

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“The DMS Application is available on both Android and iOS platforms for our registered customers in the cement, sugar, and salt sectors, ensuring they can easily access our products anytime, anywhere,” she added.

According to her Dangote Peugeot Automobile Nigeria (DPAN) plant has leveraged on advanced technology of in the production of a 120-vehicle daily production capacity and an annual capacity of 44,000 units.

“By assembling globally renowned Peugeot models—such as the Landtrek pickup, 3008, 5008, and 508 GT—DPAN fosters trade by reducing import dependency and providing locally assembled vehicles at competitive prices, “she said.

Speaking earlier, President of the Kaduna Chamber of Commerce, Industry, Mines, and Agriculture (KADCCIMA) Rsv Ishaya Idi commended the Dangote Group for its job creation strides in the country, saying the company has sustained its partnership with the Chamber.

The President of the Chamber called on Nigerians to support the Dangote Group.

He said the 46th Kaduna Trade Fair has offered the opportunity for both the company and the Chamber to interact.

Dangote Group is the biggest employer of labour in the private sector in Nigeria.

The company took the center stage during the fair, as the Federal Government affirmed its pivotal role in the country’s push towards industrialization.

Acting Permanent Secretary in the Ministry of Industry, Trade and Investment, Dr. Dafang I. Sale, who represented President Bola Ahmed Tinubu and the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, thanked the company for “doing a good job” in Nigeria.

Speaking to newsmen in Kaduna, Director General of the Chamber, Alhaji Usman Saulawa, defined the Dangote Group as a conglomerate that is helping to drive the Nigerian economy.

According to him, the company has not only made a significant positive impact on the business community in Kaduna State but has also contributed immensely to the growth of both the Nigerian, and global economy.

He added: “Our selling point is the joint collaboration and full involvement of Kaduna State Government, Dangote Group and other companies.”

He also acknowledged its partnership with the Dangote Group, describing it as the Unique Selling Point, and a major competitive advantage of the 46th Kaduna International Trade Fair.

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Sen. Barau Donates 1,037 Motorcycles, 63 Cars to APC Supporters in Kano

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Deputy Senate President Barau Jibrin and APC National chairman Dr Abdullahi Umar Ganduje test running the motorcycles

The Deputy Senate President, Sen. Barau Jibrin, on Sunday donated 1,037 motorcycles and 63 cars to grassroots supporters of the All Progressive Congress(APC) in Kano State.

Speaking during a grand event at Meena Event Center Kano, Senator Jibrin, said the gesture was aimed at empowering members of the party with a view to achieving the set objectives.

He said the motorcycles will be distributed to all the wards and local government APC chairmen of Kano State.

The Deputy Senate President noted that a special package for women,teachers and other stakeholders would soon commenced geared towards ensuring that the public benefits from the dividend of democracy.

“We are also planning to also empower university graduates who were not able to secure white collar job ,three will be selected from each local government and will be empowered with the sum of five million Naira loan to embarked on small businesses.

Jibrin commended the style of leadership exhibited by the National Chairman of APC, Dr Abdullahi Umar Ganduje, which under his stewardship the Party has achieved greater heights.

In his remarks, the APC National chairman,Dr Abdullahi Umar Ganduje, said that the Tinubu led administration was working tirelessly aimed at improving the well being of the general populace.

Ganduje commended Senate Jibrin, for the donation, saying that it would enhance the socioeconomic well-being of the party members and promote its ideals.

Ganduje expressed gratitude to President Bola Tinubu for appointing key members from the state as ministers and to other key positions.

” We appreciate President Tinubu for making it possible to appoint Dr Mariya Bunkure, as Minister for the Federal Capital Territory and Alhaji Abdullahi Ata, as Minister of state for works and Housing.

He said the people of Kano State would continue to support the progressive party due to the love Tinubu has shown to the state.

The APC state Chairman Abdullahi Abbas, praised Senator Barau’s empowerment scheme, urging other politicians to provide palliatives to their constituents ,especially during the holy month of Ramadan.

Abbas urged party supporters to remain vigilant and focus on winning the 2027 general elections

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