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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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Kwankwaso, Atiku, Amaechi, Obi, Others Match-Out in Peaceful Protest at INEC’s Headquarters

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By Yusuf Danjuma Yunusa

A coalition of chieftains from the African Democratic Congress (ADC), led by the party’s interim Chairman, David Mark, staged a peaceful protest at the headquarters of the Independent National Electoral Commission (INEC) in Abuja. The demonstration was in response to INEC’s recent withdrawal of recognition from the David Mark-led faction as the legitimate leadership of the party.

Prominent figures in the protest included former Vice President Atiku Abubakar, former Governors Rabiu Musa Kwankwaso and Peter Obi, as well as former Ministers Rotimi Amaechi and Rauf Aregbesola.

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The leadership crisis within the ADC has deepened in recent times, with the emergence of yet another faction backed by state chairmen of the party. This group claims legitimacy over the two existing factions—one led by Nafiu Bala and the other by David Mark.

Amid this increasingly undemocratic atmosphere, the David Mark-led faction had scheduled its national convention for April 14. However, with today being April 8, questions are being raised over whether the faction can meet that deadline or if the leadership dispute will be resolved before the date.

Meanwhile, INEC has set May 10 as the final deadline for all political parties to submit the names of their flag bearers for the 2027 general election.

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ADC Crisis: Kwankwaso Seeks Intervention of Gombe Emir 

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By Yusuf Danjuma Yunusa

Senator Rabiu Kwankwaso, a chieftain of the African Democratic Congress (ADC), has accused Nafiu Bala, the party’s factional chairman, of acting against democratic principles.

In an interview with DCL Hausa on Tuesday, Kwankwaso revealed that he had invited Bala for a meeting aimed at resolving the party’s crisis amicably, but Bala failed to show up.

“We scheduled to meet yesterday, but despite waiting until morning, he did not come. I had been warned he wouldn’t show up, and his absence is deeply disappointing. I want to pass my message through you now, so that if you meet him, you can deliver it on my behalf,” Kwankwaso said.

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He added, “Given the current situation in our country, our party and our democracy cannot afford someone who behaves like the lizard at the mouth of the water pot—blocking progress. As a leader of this movement in Nigeria, I believed that when I invited him, he would honour the request so I could advise him, as a father would a son.”

Kwankwaso noted that Bala was born in 1990 and still needs guidance as a youth. “His current actions are not only harmful to his own future, but also to the ADC and Nigerian democracy as a whole.”

He further warned, “He must recognise that millions have registered with our party. What was once a small party has grown significantly because prominent leaders joined with a mission to do what is right for this country. If he continues to stand in the way of that progress, it will become a very serious problem for him.”

The senator also called on the Emir of Gombe, other traditional rulers, and Islamic scholars (Ulamas) to intervene in the dispute.

“This is a serious matter, and he must realise his mistakes so we can resolve it. I offer this advice freely because I know it is for everyone’s benefit,” Kwankwaso concluded.

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NCC to Enforce Subscriber Compensation for Poor Telecom Service

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By Yusuf Danjuma Yunusa

The Nigerian Communications Commission has announced that its directive mandating telecommunications operators to compensate subscribers for poor service quality will take effect from this month.

The Commission disclosed this in a Frequently Asked Questions document released on Tuesday, offering clarity on how the compensation framework will work and which subscribers qualify.

According to the NCC, the directive applies specifically to Mobile Network Operators that fail to meet the required Key Performance Indicators for Quality of Service. These operators include major players such as MTN Nigeria, Airtel Nigeria, Globacom, and 9mobile, although the Commission did not specify which of them fell short of the standards.

The NCC noted that a separate compensation framework already exists for Internet Service Providers.

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Under the new directive, compensation will cover service failures affecting voice calls, data services, and SMS. To qualify, subscribers must have experienced poor network service in an affected Local Government Area and must have carried out at least one revenue-generating activity—such as a billed call, SMS, or data session—within the period in question.

The Commission added that both individual and corporate subscribers are eligible for compensation.

Importantly, the NCC stated that subscribers will not need to apply to receive compensation. Instead, telecom operators are mandated to automatically identify affected customers and compensate them directly.

“The compensation framework will take effect from April 2026.

“No. The directive does not replace existing consumer protection mechanisms. It adds a direct compensation mechanism for affected subscribers. It aligns with measures set in existing legislation, such as the Consumer Code of Practice Regulations 2024 and the Quality of Service Regulations 2024,” NCC said

“Operators are required and mandated to identify affected subscribers and provide compensation directly. Only service failures that fall below the defined thresholds set by the Quality of Service Regulations will qualify,” NCC said.

However, the regulator clarified that minor or short-lived network disruptions that are quickly resolved may not meet the threshold for compensation.

The move is part of the NCC’s broader efforts to improve service delivery and hold telecom operators accountable for consistent network performance across the country.

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