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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.

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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Breaking:Gov. Yusuf Orders Arrest of Deposed Emir of Kano Aminu Ado Bayero

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The Governor of Kano State, Alhaji Abba Kabir Yusuf, has ordered the immediate arrest of the former Emir of Kano, Aminu Ado Bayero, for creating tension in the state.

The former Emir was smuggled into Kano city last night in an attempt to forcefully return to the palace two days after being deposed by the Governor.

In a statement issued by Mr. Sanusi Bature Dawakin Tofa, the spokesperson to the Governor, it was confirmed that the new Emir, Sanusi Lamido Sanusi, arrived at the palace in the company of the Governor, the Deputy Governor, the Speaker of the State Assembly, and other top government functionaries at about 1:00 a.m. on Saturday, 25th May 2024.

As the Chief Security Officer of the state, His Excellency, the Executive Governor of Kano State, Alhaji Abba Kabir Yusuf, has directed the Commissioner of Police to arrest the deposed Emir with immediate effect for disturbing public peace and attempting to destroy the relative peace the state enjoys.

Sanusi Bature Dawakin Tofa
**Director General, Media and Publicity, Government House, Kano**

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NNPC Ltd Condoles with Tijjani Babangida over Loss of Brother, Son

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Yesterday, the NNPC Ltd paid a condolence visit to Nigeria’s Ex-International, Tijjani Babangida, over the tragic loss of his son, Fadil, and brother, Ibrahim Babangida, as a result of the ghastly road accident which occurred on Saturday, May 11th, 2024, along the Zaria-Kaduna Road. It would be recalled that in the unfortunate incident, Babangida and his wife also sustained serious injuries and are currently receiving medical attention.

During the visit, GCEO NNPC Ltd, Mr. Mele Kyari, represented by the Company’s Chief Corporate Communication’s Officer, Mr. Olufemi Soneye, expressed the Company’s heartfelt commiserations to the Babangida family, praying for God’s mercy upon the souls of the departed and for a speedy recovery of the ex-footballer and his wife.

Earlier in February 2024, Tijjani Babangida was among a selected team of Nigeria’s Ex-Internationals, led by the legendary Austin Jay Jay Okocha, who participated in a novelty football match during the grand finale of the 13th NNPC Sports Fiesta held at the Moshood Abiola National Stadium in Abuja.

In his response, an elated Babangida expressed his delight to the NNPC Ltd for identifying with him in his trying period, stressing that although lives once lost can never be brought back, the Company’s kind gesture will further strengthen his resolve to overcome the predicament.

 

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ECOWAS Parliament Elects First Female Speaker

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The 6th ECOWAS Parliament has elected Ibrahim Maimunatu, a female from Togo, as the Speaker of the Parliament. She is the first female Speaker to be elected in the parliament’s history.

 

During her investiture speech, the newly elected Speaker expressed gratitude to the Parliamentarians for entrusting the fate of the parliament for the next four years to her.

“I’m grateful for the honour conferred on me. I commended the Chairman of the ECOWAS and Nigeria’s President, Bola Ahmed for entrusting the 6th Legislature to my country.”

This is the first time the leadership entrusted to a woman, this, has proven the vision of ECOWAS youth and women should be protected. This has further demonstrated the aim and passion of Togo President Faure Essozimna Gnassingbé who always support youths and women, particularly with the introduction of the legislation to support youths and women in Togo”

The new Speaker of the ECOWAS Parliament, Maimunatu assured that she will leave no stone unturned to meet the expectations of the member states.

She further commended the Deputy Speaker of the Parliament, Barau Jibrin, who has demonstrated his skills, commitment, determination, and leadership style in bringing the Parliament to its current stage.

She lamented that the reinsurgence of Terrorism and coup d’ etat in Niger Republic Burkina Faso and Mali and Climate Change were some of the issues bedevelling the sub region.

She lamented that the resurgence of terrorism and coups d’état in Niger Republic, Burkina Faso, and Mali, as well as climate change, were some of the issues plaguing the sub-region.

She stressed that the Parliament would collaborate with member states to address the challenges facing the West African region.

She maintained that the Parliament will work together towards realisation of its 5 pillars envisaged in vision 2050, including a secure, stable and peaceful region; a region endowed with strong institutions, and that complies with the rule of law and fundamental freedoms; a fully integrated and prosperous region; a region mobilized for transformation, inclusive and sustainable development.

After she delivered her inaugural speech, Ibrahima Maimunatu declared the 2nd Extraordinary Session held in Kano closed.

Earlier, Deputy Speaker of the ECOWAS Parliament, Barau Jibrin noted that Extraordinary Session held in ancient city of Kano was to bring the Parliament to the people of Kano State.

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