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Raids on Dangote Group,Other Local Conglomerates Inimical To Economic Growth-ACF

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On 4th January 2024, operatives of the EFCC stormed the Head Office of the Dangote Group at Ikoyi, Lagos.

The search was linked with the probe of 51 companies by the anti- graft agency over forex transaction in the last 10 years.

Prior to the visit/ raid, Dangote Group had sought clarification on why certain documents were demanded, but this proved abortive.

They also requested additional time to “compile and properly present the required extensive documentation”.

Neither the clarification , nor the extension were granted. On January 4 EFCC personnel descended on Dangote Head Office demanding same documents the company’s officials had already brought to the premises of the anti- graft police.

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The raid of the premises Dangote Headquarters and those of other 51 big business establishments by the EFCC is capable of discouraging foreign investors who are already showing signs of reluctance to bring in their money into the country.

The Arewa Consultative Forum, Kano State chapter, and the good people of Kano are apprehensive about the raid on Dangote because we see it as an unhealthy development that could further worsen our economic situation, scare investors, and hinder Nigeria’s growth prospects.

The move would further exacerbate our current difficult situation and deter potential investment. We can not but agree with the position advanced by no less one of the most respected members of the National Assembly who reacted thus: ”

Given our current fragile economic situation, this move by the EFCC will worsen things.

Now is not the time for this; it is the time for the nation to focus on the integration of African economies and the expansion of trade and investments across the continent to stimulate growth and create employment opportunities, not conducting raid on its largest conglomerate”.

Dangote’s impact for decades has been felt through various facets of our economy.

The company played a crucial role in transforming our economy from heavy import dependence to a net exporter in critical industries.

ACF reaffirms that no one individual, group or institutions are above the Laws of the Land. Our position is that if any of the companies under the Dangote seal, or among the remaining 51 affected companies under probe, violated any of our laws, appropriate sanctions should be applied. In the more advanced economies, that is what obtains.

For instance, at various times Microsoft, Beta, BP and several business concerns had been fined by the US government for infractions committed.

Recently, P&G and few other conglomerates left Nigeria. Aliko Dangote is one of the most patriotic businessmen who had chosen to invest in Nigeria.

There are several equally very rich people who kept their resources in portfolio investments, real estate and other endeavours in foreign lands at the expense of Nigeria.

We should celebrate Dangote and all our local big companies for their doggedness, persistence and unwavering commitment to bolster the Nigerian economy.

In a statement y its publicity secretary  Bello Sani Galadanci ACF calls on the Federal Government of Nigeria to devise amicable ways of making our top business establishments to make greater contributions to our economic growth; and halt the raids , as the nation struggles hard to attract foreign investment and other key ingredients to redeem the economy.

 

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President Tinubu Promotes Acting Chief Of Army staff To Lieutenant General

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President Bola Tinubu has officially promoted Olufemi Oluyede, the acting Chief of Army Staff (COAS), to the rank of Lieutenant General.

This announcement, confirmed by sources at the Presidential Villa on Tuesday, has sparked speculation regarding a potential future appointment as the permanent head of the army.

Oluyede, who was previously a Major General, stepped into the role of acting army chief following the illness of former Army Chief Taoreed Lagbaja.

NIGERIAN TRACKER learned that since the return to civilian rule in 1999, the tradition is that the Chief of Army Staff wears the rank of a three-star general, while the Chief of Defence Staff wears the rank of a four-star general from whichever section of the armed forces he comes from.

The second Army General to wear the rank of a four-star General who did not also serve as Head of State was General Alexander Ogomudia in 2003 when he was promoted by Former President Olusegun Obasanjo.

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Sultan of Sokoto Urges Nigerians to Stop Criticizing Leaders and Allow God to Deal With Them

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Sultan Muhammad Saad Abubakar

 

Nigerians have been urged to desist from castigating their leaders and all those in authority.

This call was made to Nigerians by the Sultan of Sokoto, Alhaji Sa’ad Abubakar III on Monday at the the Regional Conference on Climate Change-Induced Conflicts in Northern Nigeria hosted in Kaduna.

According to the Sultan, it is important that Nigerians rather than insult their leaders, they should allow God to really with them.

He also urgee Nigerians to contibue praying for their keaders and tne nation as a whole.

He further called on religious leadera accros Nigeria to quit misleadinh members of ghwir congregation.

“A lot of people say we have never had it so bad, but no matter how difficult it is, ease will come. We believe nothing lasts forever.

“Nothing bad and nothing good lasts forever. Let us intensify prayers in our congregations and encourage our followers to pray for our leaders.

“We will not castigate them; we will allow Almighty Allah to deal with them as He wishes and He will,” the Sultan notes.

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Arewa APC Merger Group Hails President Tinubu for Release of Detained minors

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The Arewa APC Merger Group has thanked President Bola Tinubu for his swift and compassionate response in ordering the release of detained minors involved in the #EndBadGovernance protests.

In a statement signed by National Coordinator Hon. Musa Mujahid Zaitawa in Abuja, the group expressed gratitude for the President’s decisive action, which has brought renewed hope to many Nigerians.

The group commended President Tinubu for showing strong leadership on the issue, noting that his actions demonstrate a commitment to justice and the well-being of Nigeria’s youth.

They emphasized that this move reassures citizens of the President’s dedication to fairness and the protection of human rights under his administration.

The release order from President Tinubu came after the Arewa APC Merger Group took substantial steps to advocate for the detained children.

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In response to reports of mistreatment, including allegations of malnutrition and poor conditions, the group provided essential food and support to the minors both at the Federal High Court in Abuja and while in custody.

This effort underscored the group’s commitment to the welfare of young Nigerians and their resolve to seek justice.

Hon. Musa Mujahid Zaitawa stated that the group is encouraged by the President’s response and considers it a positive signal of his administration’s commitment to addressing national issues with compassion and responsibility.

The Arewa APC Merger Group remains hopeful that this action will set a precedent for prioritizing the rights and well-being of Nigeria’s youth across the country.

President Tinubu’s decision to release the children reflects his administration’s acknowledgment of the calls from various stakeholders to uphold justice and safeguard the future of young Nigerians.

The Arewa APC Merger Group expressed their appreciation for this significant step, which they believe will strengthen public confidence in the government’s dedication to the rights of all citizens.

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