fbpx
Connect with us

News

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

Published

on

 

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.

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.

 

News

Almajiri Returns Lost Phones Worth Over 2.5 Million Naira

Published

on

Haruna Adamu left who found the phones ,right Ibrahim Muhammad Abdullahi the owner

Haruna Adamu, a 37-year-old resident of Kano who recites Quran at Tsangayar Malam Sani, has returned lost phones worth over 2.5 million Naira at Masjidurrahma Mosque in Kano.

The owner of the phones, Ibrahim Muhammad Abu Abdallah, recounted that after prayers, the Muazzin usually cautioned people to take care of their pockets. However, upon checking his pockets after prayers, Abdallah realized his two phones, worth over 2.5 million Naira, were missing. He recalled having visited the mosque’s toilet during that time.

The two phones, both with two terabytes of storage, were essential for Abdallah’s work, and he expressed immense gratitude upon their recovery through Haruna Adamu after forgetting them inside the toilet . He acknowledged that losing the phones could have resulted in a loss of over 20 million Naira due to the valuable data they contained.

The mosque later announced the discovery of the phones, which were found by another worshipperi inside the toilets Mosque , Haruna Adamu , a 37-year-old resident of Tarauni located close to the Mosque. Adamu, who is staying at Tsangayar Malam Sani for Quranic memorization and recitation, returned the phones promptly.

Masjidurrahma is a multi-million Naira Mosque situated along Maiduguri Road,Kano built by renowned businessman AY Maikifi and recently commissioned by Sultan of Sokoto Muhammad Saad Abubakar.

The Agony Of The Almajiri System In Northern Nigeria

In appreciation, Abdallah later gifted 100 thousand Naira to Haruna Adamu for his honesty. Adamu resides at Tsangayar Malam Sani, where he recites and memorizes the entire Quran in Tarauni local government area.

Continue Reading

News

Ace Nigerian Journalist and Parliamentarian Dies at 86, Governor Yusuf Offers Condolences

Published

on

Late Sidi Ali

 

The First Republic politician and Second Republic parliamentarian reportedly died in Kano on Thursday evening at 86.

Late Sidi Ali was a prolific writer with National dailies and was one of the Nigerian journalist who covered the civil war.

In his later life, he was a stalwart of the All Progressives Congress (APC) and a member of the party’s Elders Committee in Kano State.

The elder statesman spent years serving the Nigerian International Press Centre, Ministry of Information and National Broadcasting Commission, among other critical institutions.

Born in Kano but raised in Ghana, Ali’s wide travels reportedly influenced his love for journalism and communication.

 

In his 2018 birthday message, ex-President Muhammadu Buhari noted that Ali spent most of his life serving the country as a Public Affairs Officer, “most remarkably for ensuring accurate and balanced information on government activities during and after the Civil War.

 

Kano State Governor, Alhaji Abba Kabir Yusuf has condoled with the families of late Sidi Ali who died Thursday evening at the age of 86.

In a statement by the Governor’s Spokesperson, Sanusi Bature Dawakin Tofa, Governor Abba Kabir Yusuf described late Sidi Ali as a trusted Public Affairs Officer who worked hard to ensure the flow of true stories during the Civil war.

The Governor also noted the positive contributions of the deceased as a Senator in the Second Republic in shaping the Senate and the overall development of democracy in the country.

On behalf of the Government and people of Kano State, Governor Alhaji Abba Kabir extend condolences to his families, prayed for the repose of his soul, Aljannah be his final resting place, the courage and the fortitude to bear the loss.

 

Continue Reading

News

Nigeria Police Restore Presence to Kano Anti-Corruption Agency, Affirms Chairman Muhuyi Magaji

Published

on

Kano, Nigeria –  The Nigeria Police have reinstated their presence at the Kano Anti-Corruption Agency, as confirmed by Chairman Muhuyi Magaji in an address to journalists on Friday morning at his office.

Magaji, while speaking, underscored the importance of the nearly decade-long positive working relationship between the agency and the police. He acknowledged the inherent challenges in combating corruption, emphasizing the vital role of cooperation from security agencies.

“We appreciate their cooperation and the security agencies’ efforts in allaying fears,” Magaji stated, highlighting the ongoing personal audit being conducted. He reassured the public that despite recent developments, critical assignments are being diligently managed by both the police and the agency.

There are cases prone to compromise, but we have remained steadfast in our professionalism, which reflects in our success,” Magaji asserted. He cited instances where states like Bauchi and Benue have expressed interest in emulating Kano’s anti-corruption efforts.

Expressing gratitude to the media for their support, Magaji affirmed the agency’s unwavering commitment to its mandate and vowed not to be swayed from their objectives. “We must be resilient and persistent,” he declared, assuring the government and people of Kano State of their dedication.

Acknowledging the collaborative efforts with the police, Magaji attributed the agency’s success to collective support. “There are those who seek to intimidate us, but we are grateful for steadfast partners,” he remarked.

In conclusion, Magaji affirmed the commission’s determination to uphold justice and accountability, pledging to pursue the right course of action regardless of challenges.

Continue Reading

Trending