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Of Abuja Investment Company,Tamuno,Wike And Tinubu’s “Renewed Hope Agenda”

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BY

BOLAJI AFOLABI

Established in 1994 by the military administration of late General Sani Abacha, the Abuja Investments Company Limited, (AICL) is positioned as a government-owned investment enterprise charged with the responsibility to drive economic development in the federal capital territory. Its primary goal is to promote strategic investment and boost realistic economic growth of the FCT through different platforms and various approaches. Key functions of the AICL include Business Development; Investment and Development; Public-Private Partnership; Facility Management; and Infrastructure Development. The AICL has several subsidiaries and associates including Abuja Property Development Company, (APDC); Abuja Markets Management Limited, (AMML); Abuja Urban Mass Transport Company, (AUMTCO); Abuja Technology Village Free Zone; Abuja Film Village International Limited; PowerNoth/AICL Equipment Leasing Company. Others include Aso Savings and Loans PLC; Abuja Power Company Limited; Abuja Leasing Company; and Abuja Downtown Mall.

From 1994 till the exit of the military from national governance in 1999, the AICL recorded few achievements. During this period, the AUMTCO, and Aso Savings and Loans were established. With the dawn of democratic government in 1999, it was expected that the FCT, being an emerging federal capital will benefit hugely from the activities of the AICL. However, nothing much was achieved between 1999 and 2003. Somehow, Mallam Nasir El-Rufai, who administered the FCT from July 2003 to July 2007, was able to change the tide. Under his watch, the AICL came alive, recorded some measure of visibility and attracted positive public perception. Sadly, the AICL took a downward slide thereafter. None of the past ministers; Aliyu Modibbo Umar, Adamu Aliero, Bala Mohammed, and Muhammed Musa Bello provided the necessary political will and support for the AICL to maximally attain full potential. Indeed, it got worse between 2015 and May 2023 that many residents forgot that the company was still existing.

Many critical stakeholders were worried about the depth of neglect, static state, and institutional damage that the AICL was subjected to. Patterned after similar agencies in some developing nations, where measurable strides are achieved, the reverse happened with the AICL, that it became recurring causes of worries, and regrets to many people. Alhaji Aminu Mohammed, a former staff member of FCTA said, “it was shameful that the company remained largely dormant for many years.” Corroborating, Mr. Gilbert Gyang, an Abuja based investment expert declared, “the AICL, especially during the last administration was arguably comatose. It merely existed on paper, there was no visible investment initiative geared towards economic growth in the federal capital.” For Ms. Winifred Anosike, former banker, and development consultant, “it’s painful that the company was practically inactive for years. It was not only affecting economic growth in Abuja but impacted negatively on people and firms with result-driven initiatives who desired to contribute actively to the development of the capital city.”

With the emergence and subsequent inauguration of President Bola Tinubu on May 29, 2023, key players in the investment sector were hopeful that, the AICL may breathe again. Many hinged their thoughts on Tinubu’s background and experiences in accounting, financing, investment, governance, and leadership. Though with caveats; the choice of who minister’s FCT will be pivotal. Convinced that the AICL should be the “engine room” of economic growth and development of the capital city, many hoped that Tinubu will deploy the appropriate person to oversee the strategic ministry. Some stakeholders concluded that a wrong choice may consign the AICL into the “wilderness of inactivity” and likely extinction. Somehow, key players in the investment sector, at different fora and platforms were upbeat that Tinubu will pick the right person, who they hope will lead the way towards enabling the AICL to get back its mojo.

In August 2023, the deployment of Barrister Nyesom Ezenwo Wike as the Minister of the FCT; the 8th since Nigeria’s return to democratic government elicited public endorsement. Tinubu’s choice was largely celebrated by many stakeholders, as it renewed optimism about the prospects of AICL reviving its activities. Cognisant of Wike’s legendary achievements, as Rivers state Governor where he embarked on massive infrastructure development and more, turning the “Treasure Base” to the central investment hub in the South South zone, and emerging as second to Lagos state, many were confident that “light will come” to the AICL. A similar spate of enthusiasm and expectations was prevalent in and around the AICL. Many of the staff members also shared the positions.

The atmosphere at the Garki District offices of AICL on April 7, 2024 was ecstatic when news filtered in that Wike had appointed Dr. Maureen Tamuno as the Group Managing Director. A few hours later, it turned to frenzy after goggle checks were done by some staff members to have glimpses of her profile. Impressed, and satisfied with her multi-disciplinary academic background, and multi-faceted careers, her appointment was described as well-thought, and well-deserving. The unanimity of opinion was that, being a round peg in a round hole, the AICL will leverage on her far-reaching experiences and exposures as a former lawmaker, seasoned diplomat, public administrator, and boardroom strategist.

Aware and ready for the challenges ahead, many staff members were visibly excited when Tamuno assumed office the following day. Thus emerging as the first female chief executive of the AICL, since its 30 years of existence. Described as an accomplished technocrat with identifiable achievements in leadership, strategy, diplomacy, administration, and consulting, Tamuno, in her maiden speech confirmed the postulations of staff members. She emphasized her, “commitment to open-door policy to all staff, urging everyone to operate at the highest standard of transparency, confidentiality, accountability, and ethical business practices.” Continuing, she assured staff members that her, “strategic approach and consumer-centric philosophy are expected to propel the AICL to new heights of success.”

 

From reports, challenged by the enormity of the task ahead, conscious of the hugely untapped potential of the AICL, buoyed by the political support of Wike, and encouraged by the passion of the staff members, Tamuno literally hit the ground running. As a globally-recognized business development, management, and investment professional, she approached her assignment with iron-cast resolve, and the precision of a surgeon. First off, she embarked on critical reviews and overview of the AICL trajectory from inception; identified germane issues; evolved strategies for re-positioning the company; enunciated quick-wins, short-term, medium-term, and long-term measures for development, and some others. All these were geared towards delivering (or surpassing) the Ministerial mandate, and also ensuring that the AICL contributes its quota to Tinubu’s “Renewed Hope” agenda.

Indeed, it is imperative to note that the AICL, under the superintendent of Tamuno has literally drawn water out of rocks; which before now was largely unthinkable. That the soft-spoken and resourceful amazon; and her team were able to make noticeable impact within just one year, speaks volumes about her ingenuity, and indomitable spirit. In a broad sense, these achievements include encouraging economic diversification; expanding investment opportunities; exploring business and investment exchanges; deepening subsidiaries collaboration; and fostering diplomatic relationships.

In practical terms, the AICL, through some landmark initiatives has provided the platform for the promotion of trade and commerce, as well as economic growth and sustainable investment in the FCT. It is imperative to recall some of these laudable and trail-blazing projects. A few days back, the solar powered Farmers Market in Utako District and Kugbo International Market were commissioned by the FCT Minister of State, Dr. Mariya Mahmud. Speaking at the epoch making events, Mahmud eulogized Tamuno for completing the first-of-its-kind projects which, “would provide employment opportunities for a wide range of people in line with the “Renewed Hope” agenda.” While explaining that the projects are under the Public Private Partnership initiative of the AICL, Tamuno promised that, “under the Build Operate and Transfer (BOT) arrangement, the government will combine with the private sector to create profitable and sustainable public infrastructure. We identified Small and Medium Enterprises, (SMEs) as the backbone of any prosperous economy, because they create jobs that drive sustainable economic growth.” To underscore AICL’s commitment towards encouraging the informal sector, shops were gifted to some hardworking traders from all the six Area Councils of the FCT.

In October 2024, the AICL organized a two-day Abuja Business and Investment Summit with the theme: “Optimizing Investments Through Partnership.” The event, geared towards promoting investment opportunities in the FCT, was attended by major stakeholders in finance, investment, manufacturing, and other sectors. Participants opened new alliances, partnerships, and collaborations for new opportunities and innovations that will lead to micro and macro development. Tamuno, who by the way was one-time Nigeria’s Ambassador to Jamaica is leveraging on her diplomatic credentials and network to re-position the AICL. She is regularly engaging, and exploring investment opportunities with foreign countries through their diplomats in Nigeria. Through her participation at the maiden Nigeria-Kazakhstan Business Conference which was held in Abuja, in 2024, there are advanced plans for the establishment of city-to-city flights between both countries, as well as collaborations in agriculture, education, technology, logistics, and more.

Agreed, the journey is somewhat far but the AICL, under the new chief executive has shown unbridled commitment, and unflinching fervor in elevating the status, and relevance of the company towards engendering meaningful growth and development of the FCT. Tamuno has shown relentless drive and boundless energies towards justifying the confidence reposed in her by Wike. Posting an encouraging report-card in one year deserves commendations and encouragement. Mr. Olugbenga Okanlawon, an Abuja based public affairs analyst declared that, “she has shown that she is the right person for the job. Considering what the AICL has achieved in one year, it is clear that more grounds will be covered in terms of growth and development.” A frequent caller to the AICL who preferred anonymity said, “the GMD has brought a new lease of life to the place, and everybody has imbibed her can-do-it spirit with much pride, and belief.”

 

BOLAJI AFOLABI, a Development Communications specialist was with the Office of Public Affairs, The Presidency, Abuja.

Opinion

Open Letter To The Executive Chairman, Economic And Financial Crimes Commission (EFCC)

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Dear EFCC Chairman,

Re: Urgent Call for Investigation into the Conduct of EFCC Kaduna Zonal Command

I respectfully write to draw your urgent attention to serious irregularities, unlawful actions, and deliberate misconduct being carried out by officials of the EFCC Kaduna Zonal Directorate, which are tarnishing the integrity and credibility of the Commission.

Sir, the EFCC team in Kaduna, including the Director and several sectional heads, have engaged in actions that not only undermine the Commission’s mandate but also violate the principles of fairness, justice, and due process. I humbly appeal for your direct intervention to investigate the activities of the Kaduna office, as I possess solid evidence of their misconduct.

The EFCC in Kaduna claimed to be investigating an alleged **₦30 billion case** against me, *Dr. Bashir Ibrahim Bello*, my company *Formal Act Legacy Ltd.*, and our donors, *United Charity Foundation (UCF-FICOD)*. However, rather than conducting a transparent investigation, the Kaduna Directorate created **unsubstantiated and unnecessary charges**, including:

* A **₦10 million charge** involving a company that legitimately supplied *four Hilux vehicles* and completed *four solar-powered boreholes* for four communities—fully executed and paid for since early 2023.
* Charges relating to official vehicles sponsored by **Wema Bank**, for which Formal Act Legacy has been servicing the loan for over two years.
* Additional **₦54 million and ₦37 million charges** that are completely mischievous, baseless, and unrelated to the real issues.

Sir, these false charges are a distraction. The real issue is simple:
**Contractors have executed projects and supplied drugs, hospital beds, and equipment for free medical outreaches across communities—yet many of them have not been paid.**

Instead of focusing on why these contractors remain unpaid, EFCC Kaduna is fixated on fabricating charges over a donor-funded project designed to benefit all **774 Local Government Areas** in Nigeria in line with Mr. President’s development agenda.

I respectfully ask: **Will you, as Chairman, fold your arms and allow this injustice to continue—knowing fully well that Mr. President entrusted you with this sensitive national assignment because of your integrity, competence, and loyalty?** I believe the answer is no.

Sir, I am a committed member of the APC, and I know the level of trust Mr. President has placed in your leadership. I therefore appeal that you look into this matter objectively and grant all parties fair hearing and justice.

CC:
– Chairman, Senate Committee on Anti-Corruption
– National Security Adviser
– National Human Rights Commission
– Others as appropriate

Thank you for your attention.

Signed:

Dr. Bashir Ibrahim Bello
MD/CEO, Formal Act Legacy Ltd and
African Sub-Regional Coordinator, United Charity Foundation (UCF-FICOD)

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Opinion

How Political Persecution Pushes DSP Barau, Doguwa Ahead of Others – Study

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By Abba Anwar

Today’s piece looks into some parts of the finding of a study recently conducted by a teamwork of experts, who specialize in the study of political risk framework and development, over some key political personalities from Northern Nigeria. The study was conducted on state by state basis.

The one that is readily available now, is that of Kano state and other few states. In the report, the Deputy Senate President, Distinguished Senator Barau I Jibrin, CFR, is seen as one of the leading political figures from North, one of the pillars, who suffers too much political persecution from within his party and from without.

Be that as it may, the years long orchestrated ploys, designed framework for political fall down and display of open hatred to the identified individuals included in the study, differ from an individual politician to another across the states.

“What is more fascinating about our findings, is the fact that, all those targeted for disruptive political life, across our states of study, Northern Nigeria, are waxing stronger day in day out. In real term, some of their detractors have started diminishing down the ladder,” the study reveals.

The study further reminded that, “The political challenges of the Deputy Senate President, Barau Jibrin started since during his membership of House of Representatives, from 1999 to 2003, from Tarauni federal constituency. Under the banner of People’s Democratic Party (PDP).”

Referring to the time when Right Honourable Ghali Umar Na’Abba, was the Speaker House of Representatives. While Barau was the Chairman House Committee on Appropriation.

Looking back to history, the report reminded all that, Barau was confronted with internal political blackmail, harassment and intimidation from PDP circle. Then, he was one of the closest, members to Speaker Na’Abba. When the then President Olusegun Obasanjo fought Na’Abba’s re-election in subsequent election, through the state governor, Rabi’u Musa Kwankwaso, Barau also falled victim as Na’Abba.

As returning match, during the same election, Na’Abba, Barau and other strong minds, put heads together and pushed Kwankwaso aside in 2003 general elections. Then the debut of Malam Ibrahim Shekarau, under All Nigeria People’s Party (ANPP) platform.

While acknowledging that, throughout the political history of Kano, in recent political development, it was only Senator Barau who, switched from one Senatorial District to another entirely different District, vied for an elective position, which was higher, than the one he left, and emerged victorious.

Do you remember that? After the return of democracy in 1999, Barau contested for the House of Representatives in Tarauni federal constituency, which was under Kano Central Senatorial District, from 1999 to 2003. As a result of distortions, persecution and manipulations he suffered from his party men, he joined his ancestral space, Kano North, where he contested for a Senatorial seat and got it.

His political relocation to Kabo local government, of Kano North, created another corridor for his elevation to higher position of a Senator of the Federal Republic and now Deputy Senate President in the 10th Assembly.

The authors of this study, know clearly how and where Barau started from, the faces and manifestations of persecutions he suffered, unwanted display of bitterness by his long standing detractors and largely internal hatred, which all culminated into his elevated position. With the socio-historical and political background of the DSP, as understood by the study, he could be called the last man standing, in that arrangement, since the return of democracy after prolonged military rule.

“Distinguished Senator Barau I Jibrin is also the first Deputy Senate President from Kano state. This also places him above many of his contemporaries. We are also aware of how he has been getting his tickets for the seat he is occupying now, in previous and last elections. We all believe that it is Almighty Allah Who Guides his path,” according to the study.

Many qualities of the DSP’s political life and positions, are soundly acknowledged in the study, that I cannot discuss them here. But people will get to know more when the result of the study is released.

Senator Barau’s interventions across the spectrum are well acknowledged and appreciated by the study. Ranging from his constituency projects, genuine and meaningful empowerment and other interventions since when he was a Member of House of Representatives from Tarauni federal constituency, up to the feats he achieved as a Senator.

They include his scholarship programmes, in local and foreign universities. Commending the choice of courses of study and schools selected. Like in the Nigerian universities, students were sent to study degree programmes in some of our premier universities, like Ahmadu Bello University, Zaria, University of Ibadan, Obafemi Awolowo University, Ile-Ife, Bayero University, Kano, University of Lagos, alongside other universities.

While a lot is said on the DSP, the study believes that, he won’t panic, no matter how deeper machinations he could face, as build ups to 2027. Assuring that, “… after our research we have come to realize that, Distinguished Senator Barau is not an ordinary politician. While his political fortunes are waxing stronger, his influence, is covering larger geo-political spaces.”

In the case of Honorable Alassan Ado Doguwa, member representing Tudunwada/Doguwa federal constituency, in Kano South the study enlists him as second to Senator Barau in the face of stiffer political persecution and repression. Yet, he, like Barau, is waxing stronger, day in day out and year in year out.

With all the stiffer and enhanced political persecution, within and outside his political base, Doguwa was the ONLY House of Representatives contestant who won his election in 2023, under the banner of All Progressives Congress (APC), then. Yes he was faced with so many challenges and opposition, without any good backing and support from his APC base, then, yet with Allah by his side, he emerged victorious!

This study appreciates Doguwa’s political maturity and strength in slugging it out almost alone, for his image, his constituency and his party, at large. Signaling that, “Honourable Alassan Ado Doguwa, is another Barau in disguise. Many at times he is left with weak support from his party, at the state level, yet his influence, followership and strength are inching forward. At a speed that only Divine view can explain.”

Anwar writes from Kano
Saturday, 15th November, 2023

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Opinion

Tribute to Late Major General Abdullahi Mohammed Adangba-Dembo

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By AbdurRaheem Sa’ad Dembo anipr

Death is an inevitable transaction as no one has immunity against its mode of operation, and it stings like rampaging bees.

On 5th November,2025 Major General Abdullahi Mohammed Adangba(rtd) succumbed to the cold hand of death.Innalillahi waina Ilaihi rajiun.I would have prepared this tribute a day after his demise but I have been in transit from one place to another since I’m currently on my annual leave.Be that as it may, better late than never.

The former Chief of staff to President Obasanjo and Yar’adua was a gallant officer with an impeccable character.He was also an intelligent officer,who served as a former Governor in the old Benue-Plateau State between 1975 -1976 and Founder of National Security Organisation now Department of State Service from 1976 to 1979

Last week when I was in Abuja and I paid a visit to my mentor in the PR profession and the publisher of PRNigeria, Yushau Shuaib,he described the late Major General Abdullahi Mohammed as one of the most intelligent Army officers in the history of Nigerian Army.He also said the country would miss him as his advice in the area of counter insurgency would have helped a great deal

Adangba,as we usually referred to him,as a Chief of Staff to Obasanjo touched many lives positively in Ilorin and beyond.This is not hearsay but what I knew,saw and heard.He facilitated many employment opportunities for Ilorin indigenes across military ,paramilitary agencies and MDAs.A very meticulous Army officer who did not believe in the so called public endorsement when he offered help.

Through his magnanimous employment opportunities,a friend of mine,a friend of my friend,a friend of my nephew and so on benefitted from him.He was a man who would be running around for you without your consent just for you to be great and be of help to others.He was a builder of men

Significantly, some of those he had assisted are also in position, where they are currently offering help to others

I owe him this piece not because I have benefitted directly from his selflessness but humanity emphasises on paying good with good.If I had not benefitted from him at least hundreds of Ilorin indigenes did and invariably I have benefitted too.He was a builder of men

In a statement by Bayo Onanuga, President Tinubu Described General Mohammed as a disciplined,loyal, and patriotic officer whose remarkable service to the nation spanned decades of distinguished contributions to Nigeria’s stability and governance.

Talking about Late General Abdullahi Mohammed’s integrity and commitment to service of the country would be inexhaustible as many eminent Nigerians include Emir of Ilorin, Alhaji Dr Ibrahim Sulu-Gambari, Former President Obasanjo,Gov Abdulrahman Abdulrazaq, Former Senate President, Abubakar Bukola Saraki, Senator Saliu Mustapha and others have paid tributes to the late astute General.

May Allah in His infinite mercies forgive his shortcomings and grant him aljannah Firdaus, and give his family, Ilorin Emirate and Nigeria the fortitude to bear the loss

abdurraheemsaaddembo@gmail.com

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