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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.

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.

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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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Fake Lecturers Arrested in BUK for Trespass and Cheating

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Security operatives in Bayero University, Kano have arrested two persons parading themselves as lecturers and selling books to unsuspecting level one fresh students.

The two persons, whose pictures appear here introduced themselves as David Iluebe from Edo State and Chike E. Eke from Delta State, surreptitiously entered a lecture hall at the Faculty of Engineering of the university and introduced themselves to fresh100 level students as Lecturers of the Department. Thereafter, they presented a set of four different textbooks on Use of English, Statistics, Nigerian People and Culture, and lastly, Algebra and Geometry Mathematics threatening the students to purchase these books as a requirement for their Continuous Assessment (CA) otherwise they’ll fail their courses.

The apprehensive Students present in the hall responded by buying several copies to meet up the course requirement. Nemesis however, caught up with them when the security operatives swoop in on them following a report. The two persons were however, arrested on 25th July, 2024 by the security operatives for suspected criminal trespass, Impersonation and cheating.

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During preliminary investigation, the suspects claimed that they were the authors of the books they were selling to the students and they confessed to all the allegations leveled against them, revealing that they were hustling to make a living due to lack of job. The suspects further disclosed that this was the second time they were coming to the state, having been to the Kano State Polytechnic earlier this year.

The set of books found in their possession were all of poor quality believed to have been pirated. This is clearly a very disturbing emerging trend in our tertiary institutions which are being invaded by crooks and charlatans masquerading as academicians in order to dupe and exploit our unsuspecting students. Meanwhile, the suspects will be handed over to the Police for further appropriate action, while our students would be further sensitized on this ugly development, please.

In a statement signed by secretary information and publication of the university Bala Abdullahi said the Management of Bayero University, Kano wishes to inform the students and the general public to be wary of such impersonators and that surveillance has been beefed up in the University to avert the reoccurrence of such an ugly incident.

 

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Nation Wide Protest Begins From Abuja-Sowore Tackles  Wike

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Former presidential candidate of the African Action Congress, AAC, Omoyele Sowore, has dared Nyesom Wike, Minister of the FCT, for saying that Abuja is not available for protest on August 1.

Sowore in a post on his X handle on Friday said the proposed nationwide protests will start from Abuja.

He said: “It is starting from and in Abuja!”

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Sowore’s statement comes after Wike said that August 1 had been set aside for the chairmen of the six Area Councils of the FCT to give out certificates of recognition to their traditional rulers.

The Minister gave the warning while briefing journalists on the outcome of the FCT Security Council meeting in Abuja on Thursday.

Reports says that some Nigerians are mobilising for nationwide protest slated for August 1 to August 10, 2024.

Tagged #EndBadGovernace, organisers of the protest have lamented about widespread hunger and inflation in the country.

Daily Post

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Robbers Gunned Down While Attempting To Snatch Jeep In Abuja

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IGP Kayode

 

Two suspected armed robbers were shot dead while attempting to snatch a Prado Jeep at gunpoint in the Jahi area of Abuja, the nation’s capital.

CP Benneth Igweh, disclosed this to newsmen while parading two arrested members of the robbery gang at the command in Abuja, on Friday.

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He said this happened around 10:45 pm on Thursday, when a four-men robbery engaged the operatives who were on crime prevention patrol led by DPO of Mabushi police division in a fierce gun battle.

According to him, the four-men robbery gang on sighting the police operatives opened fire, which resulted in a gun duel where two among the robbers were neutralized.

Daily Trust

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