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Tag: Tinubu

Tinubu Appoints Governing Council, Principal Officers of Federal University Iyin Ekiti

Fola Badmus03 mins

President Bola Tinubu has announced the appointment of the Pro-Chancellor, Governing Council members, and Principal Officers of the new Federal University of Technology and Environmental Sciences in Iyin Ekiti, Ekiti State. Senator Binta Masi Garba has been appointed Pro-Chancellor and Chairperson of the Governing Council. A seasoned politician, businesswoman, and administrator, Senator Garba represented the Adamawa North Senatorial District in the Senate from 2015 to 2019 and served consecutively in the House of Representatives from 1999 to 2011. The other members of the Governing Council are Prof. Joseph Olurotimi Sanya, Mr. Efe Emefienin Emmanuel, Dr. Joyce Ogunyemi, and Alhaji Dahiru Abdullahi Ruma. The Principal Officers appointed for the university are Prof. James Olugbenga Aribisala as Vice-Chancellor, Mr. Oluwole Olalere Dada as Registrar, Mrs. Adeniyi Rachael Ajayi as Bursar, and Prof. Isaac Oluwadare Busayo as Librarian. President Tinubu acknowledged the commendable efforts of Senate Leader Senator Michael Opeyemi Bamidele in advocating for establishing the new university in Iyin Ekiti. He encouraged the appointees to leverage their extensive leadership experience and commitment to steer the university toward academic excellence, innovative research, and development. The new university will admit its first cohort of students in September 2025. In addition, President Tinubu has appointed Prof. Muhammed Salihu Audu as the Pro-Chancellor and Chairman of the Governing Board of the Federal University of Health Sciences, Otukpo, Benue State. He succeeds Engr. Ohieku Muhammed Salami. Professor Audu is a distinguished academic and administrator with vast experience in Nigeria’s university system. A Professor of Mathematics at the University of Jos, he previously served as Vice-Chancellor of the Federal University of Technology, Minna, where he led transformative initiatives that enhanced academic and infrastructural development.

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SERAP gives CBN 48 hours to withdraw hike in ATM transaction fees

Fola Badmus011 mins

Socio-Economic Rights and Accountability Project (SERAP) has urged the Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, to use his ‘leadership position to immediately withdraw the patently unlawful, unfair, unreasonable and unjust increase in Automated Teller Machine (ATM) transaction fees’. SERAP urged him to ensure that the exercise of CBN statutory powers and functions does not inflict misery on poor Nigerians and contribute to human rights abuses. The CBN recently announced that ATM withdrawals made at a machine owned by a bank but outside its branch premises will now attract a charge of N100 per N20,000 withdrawn. ATM withdrawals at shopping centres, airports or standalone cash points, will incur a N100 fee plus a surcharge of up to N500 per N20,000 withdrawal. Banks ‘are advised to apply the increased ATM fees with effect from March 1, 2025.’ In the open letter dated 15 February 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “the manifestly unlawful, unfair, unreasonable, and unjust increase in ATM transaction fees will hit hardest those at the bottom of the economy and exacerbate the growing poverty in the country.” SERAP said, “The increase in ATM transaction fees ought to have been shouldered by wealthy banks and their shareholders, not the general public. The increase only benefits the CBN and commercial banks at the expense of poor Nigerians.” According to SERAP, “CBN policies should not be skewed against poor Nigerians and heavily in favour of banks that continue to declare trillions of naira in profits mostly at the expense of their customers. The increase in ATM transaction fees would inflict misery on poor Nigerians and contribute to human rights abuses.” The letter, read in part: “The increase in ATM transaction fees is also entirely inconsistent with the oft-expressed commitment by the government of President Bola Tinubu to address the growing poverty across the country.” “We would be grateful if the recommended measures are taken within 48 hours of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions to compel you and the CBN to comply with our request in the public interest. “The exorbitant and unlawful increase in ATM transaction fees at a time the country is facing economic and financial crises would contribute further to the impoverishment of the population. “Imposing exorbitant ATM transaction fees on socially and economically vulnerable Nigerians at a time several Nigerian banks are declaring trillions of naira in profits yearly is manifestly unfair, unreasonable and unjust. “The increase cannot be justified under the Nigerian Constitution 1999 [as amended], the CBN Act, Federal Competition and Consumer Protection Act, and the country’s international human rights obligations. “The patently unlawful, unfair, unreasonable and unjust increase in ATM transaction fees also inherently contributes to violations of the human rights of socially and economically Nigerians. “The increase creates a two-tiered financial system that discriminates against poor Nigerians who may not be able to afford or pay the increased fees. “While the government of President Tinubu has primary responsibility for protecting the rights of Nigerians, the CBN also has the responsibilities to ensure that its practices and guidelines do not cause or contribute to human rights abuses. “The CBN could play an important role in promoting economic opportunities for Nigerians where the majority of the people live in poverty. “The CBN is failing to comply with the Nigerian Constitution, the Federal Competition and Consumer Protection Act and the country’s international human rights obligations in the exercise of its statutory powers and functions. “The CBN is also compromising its stated mission to advance the management of the country’s economy, and ultimately, sustainable development. “According to our information, the CBN through a Circular to all banks and other financial institutions dated February 10 2025 stated that it has reviewed and increased the ATM transaction fees prescribed in section 10(7) of the CBN Guide to Charges by Bank, Other Financial and Non-Bank Financial Institutions 2020. “Section 42(1)(a) of the CBN Act 2007 provides that ‘The Bank shall wherever necessary seek the co-operation of and co-operate with other banks in Nigeria to – (a) promote and maintain adequate and reasonable financial service for the public.’ It also provides that any policy of the CBN ‘shall be in the national interest.’ “Section 1(c)(d) of the Federal Competition and Consumer Protection Act, 2018 provides that the objectives of the Act are to ‘protect and promote the interests and welfare of consumers’ and ‘prohibit restrictive or unfair business practices’ such as the exorbitant and unreasonable increase in ATM transaction fees by the CBN. “Significantly, the provisions of the Federal Competition and Consumer Protection Act are directly binding on the CBN, as the provisions constrain the exercise of the statutory powers and functions of the institution. “Specifically, section 2(1) the Act provides that its provisions ‘apply to all undertakings [such as the CBN] and scope of application to all commercial activities within, or having effect within, Nigeria. “Section 2(2) provides that, ‘This Act also applies to and is binding upon- (a) a body corporate or agency of the Government of the Federation; (b) a body corporate; (c) all commercial activities aimed at making profit and geared towards the satisfaction of demand from the public.’ “According to section 70(1) of the Act, ‘For the purpose of this Act, an undertaking [such as the CBN] is considered to be in a dominant position if it is able to act without taking account of the reaction of its customers or consumers.’ “The Act prohibits abuse of dominant position by the CBN including charging excessive ATM transaction fees to the detriment of consumers. “Section 104 of the of the Act asserts the supremacy of the Act over ‘the provisions of any other law’, such as the CBN Act. The only exception to the provision is the Nigerian Constitution 1999 [as amended]. “Section 127(1) of the Act also prohibits the CBN from making any policy or providing “any services at…

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Probe missing N26bn in Ministry of Petroleum Resources, PTDF, SERAP tells Tinubu

Fola Badmus012 mins

Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu “to direct the Attorney General of the Federation and Minister of Justice Mr Lateef Fagbemi, SAN, and appropriate anti-corruption agencies to promptly probe allegations that over N26 billion of public funds are missing, diverted or stolen from the Petroleum Technology Development Fund (PTDF) and the Federal Ministry of Petroleum Resources in 2021.” These damning revelations are documented in the 2021 audited report published on Wednesday 13 November 2024 by the Office of the Auditor-General of the Federation. SERAP said, “Anyone suspected to be responsible should face prosecution as appropriate, if there is sufficient admissible evidence, and any missing public funds should be fully recovered and remitted to the treasury.” SERAP urged him to “use any recovered stolen funds to fund the deficit in the 2025 budget and to ease Nigeria’s crippling debt crisis.” In the letter dated 1 February 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “There is a legitimate public interest in ensuring justice and accountability for these grave allegations. Tackling corruption in the oil sector would go a long way in addressing the budget deficit and debt problems.” According to SERAP, “The allegations suggest a grave violation of the public trust, the Nigerian Constitution 1999 (as amended), the country’s anticorruption legislation and international anticorruption obligations.” The letter, read in part: “Poor Nigerians have continued to pay the price for the widespread and grand corruption in the oil sector.” “Despite the country’s enormous oil wealth, ordinary Nigerians have derived very little benefit from oil money primarily because of widespread grand corruption, and the entrenched culture of impunity of perpetrators.” “According to the 2021 annual audited report by the Auditor-General of the Federation, the Petroleum Technology Development Fund (PTDF) in 2021 reportedly paid over N25 billion [N25,607,890,403.11] for ‘contracts without any supporting documents.’” “The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The PTDF also reportedly failed to account for over N326 million [N326,065,638.00] deposited in two banks. The Auditor-General fears the money may be missing and wants it recovered and remitted to the treasury.” “The PTDF reportedly failed to account for over N107 million [N107,691,733.93] being money for ‘the supply, installation, and commissioning of Library automation system and RFID at the Petroleum Training Institute (PTI).’” “The contract for the library ‘was awarded without the prior approval from the National Information Technology Development Agency (NITDA). The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” READ ALSO CTC of Judgment ordering Buhari’s minister to account for N729bn payment to poor Nigerians“The PTDF reportedly paid over N46 million [N46,974,216.43] to ‘three companies for services without evidence of execution.’ ‘One of the contractors was engaged on 13th April 2021 but was paid for services rendered in March 2021. All the three contractors were paid for periods they had not rendered the services to the PTDF.’” “The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The PTDF also reportedly failed to remit over N60 million [N60,355,670.03] of ‘stamp duty from the capital expenditure contracts awarded in 2019 and 2020.’ The PTDF ‘provided no reason why the money was not remitted.’” “The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The PTDF also reportedly failed to account for over N64 million [N64,088,158.44] ‘being payment for store items not supplied.” The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The PTDF also reportedly paid over N41 million [N41,367,493.50] ‘for services not yet performed or goods not yet supplied.’ The payments were made ‘without relevant supporting documents such as invoices, receipts.’” “The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The Federal Ministry of Petroleum Resources reportedly spent over N137 million [N137,751,789.85] ‘from the Capital Vote for expenditures which were recurrent in nature without any approval by the National Assembly and the Minister of Finance.’” “The Auditor-General fears the money may be missing. He wants the money recovered and remitted to the treasury. He also wants sanctions applied ‘for gross misconduct specified in paragraph 3129 of the Financial Regulations 2009.’” “The Ministry reportedly failed to account for over N232 million [N232,509,238.21] ‘being payments to seven companies for consultancy services for stakeholders’ engagement in the Niger Delta in January 2021.’” “According to the Auditor-General, ‘the type of engagements and the reasons for contracting the seven companies were not stated. The venue of the engagement remains unknown. This spending of public funds appeared fictitious.’” “The Auditor-General fears “the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The Ministry also reportedly failed to remit over N25 million [N25,516,938.00] of ‘taxes collected from payments of N137,929,394.58] made to contractors.’ The Auditor-General fears ‘the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” READ ALSO Xenophobia: African commission to ‘take appropriate action’ on SERAP’s request to sue South Africa for $10bn“The Ministry also reportedly failed to account for over N43 million [N43,533,036.65] ‘being irregular payments for the replacement of broken ceiling.’ The Auditor-General fears “the money may have been diverted.’ He wants the money recovered and remitted to the treasury.” “The Ministry failed to account for over N74 million [N74,721,625.03] ‘being payments made as cash advances granted to officers between March and December 2021 without retirement.’ The Auditor-General fears ‘the money may have been diverted’, and wants it recovered and remitted to the treasury.” “We would be grateful if the recommended measures are taken within 7 days of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall consider appropriate legal actions to compel your government to comply with our request in the public…

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Tinubu commends Governors for supporting tax reform

Fola Badmus03 mins

President Bola Tinubu has expressed his appreciation for the Nigeria Governors’ Forum following their unanimous endorsement of the four Tax Reform Bills currently under consideration by the National Assembly. President Tinubu lauded the governors for their bold leadership and commitment to fostering unity among leaders nationwide, transcending regional, ethnic, and political barriers to advance Nigeria’s development. Thursday’s productive consultation between the Nigeria Governors’ Forum and the Presidential Committee on Tax and Fiscal Policy is a commendable example of cooperation between the Federal and State governments. He extended special commendations to the Chairman of the Governors’ Forum, Kwara State Governor Abdulrahman AbdulRazaq, for successfully galvanising support among his peers for these transformative tax bills to rejuvenate the national economy and enhance Nigeria’s investment climate. He also commended the Progressive Governors Forum, the Northern Governors Forum, and all other groups that made the bipartisan resolution of the controversy stirred by the tax bills possible. President Tinubu underscored that the primary aim of the Tax Reform Bills, which is pro-poor, is to promote national interests, improve the competitiveness of Nigeria’s economy, and attract both local and foreign investments. He said updating the country’s outdated tax laws is essential to this endeavour. The President noted that the dialogue between the NGF and the Presidential Committee on Tax and Fiscal Policy Reform highlights the power of constructive conversation in resolving differences. President Tinubu regarded the governors as vital contributors to nation-building and affirms his commitment to partnering with them to promote economic growth, national harmony, peace, and stability. He also encouraged other stakeholders with ideas and suggestions for refining the Tax Bills to engage with the ongoing legislative process at the National Assembly. Finally, President Tinubu urged the National Assembly to expedite the legislative process for these crucial bills so that the country can swiftly reap the benefits of the reforms.

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President Tinubu priortises health care -Minister

Fola Badmus05 mins

The Honourable Minister of State for Health & Social Welfare Dr. Iziaq Adekunle Salako has charged health Institutions to remain steadfast to President Bola Ahmed’s vision of ensuring qualitative healthcare for Nigerians. Dr. Salako dropped this hint during his Familiarization visits to agencies and parastatals of the Federal Ministry of Health & Social Welfare. On his entourage were top management staff of the Ministry which included the Director of Hospital Services Department, Dr. Salaudeen Jimoh mni. At the Nigeria Institute for Pharmaceutical & Research Development (NIPRD) at Idu Industrial layout Abuja, the Honourable Minister led by the Director General, Dr. Obi Adigwe took an assessment tour of various departments of the institute. During a round table interactive meeting with the management staff, Dr. Salako stated that the institution is very pivotal to unlocking the health care value chain agenda of President Bola Ahmed Tinubu for the country. To this end, he admonished the Director General of NIPRD, Dr. Obi Adigwe and his team to consider business venture partnerships that will develop some of its products, with a possibility of assessing USD1bn on the table from the AFREXIM Bank. Dr. Salako further buttressed this innovative proposition by assuring support of the Ministry towards projecting many of NIPRDs products on the table of Physicians. NIPRD, he stated, is considered by the Ministry as a very important agency in its agenda of ensuring universal health coverage for Nigerians and, commitment to reversing the direction of medical tourism. Meanwhile, at the Nigerian Institute for Cancer Research & Treatment NICRAT; the Honourable Minister of State for Health & Social Welfare Dr. Iziaq Adekunle Salako urged the Director- General, Dr. Usman Malami Aliyu and his team to prioritise research around prevention, services around prevention and, advocacy around prevention as a key element of its agenda. “We know that whether we prevent, people will still come under with the disease. So we must also be prepared to provide qualitative care for people with the disease. To catch them very early through screening services. “This is a very important disease or diseases that we must, all of us, sit down to frontally address. Which means that our efforts, our strategy need to be optimally tailored towards prevention and control, towards increasing awareness, towards improving the health literacy of Nigerians. Because quite a number of these cancers are preventable”; Dr. Salako pointed out. To achieve maximum advocacy and preventable strategy therefore, he strongly urged both the Cancer programme in the Ministry and NICRAT to synergize and collaborate for one World Cancer Day Celebration next month February. On federal government’s initiative for Cancer health fund, the Honourable Minister explained that it is a fund set apart to assist and support people who need cancer care but cannot afford it. “It is currently operating in some centres and, it’s targeted at specific cancers, not all cancers. “So this is an initiative to ensure that care is made available to vulnerable Nigerians who cannot afford it.We are hoping that during this budget cycle, we can expand the Cancer fund and make it more robust. “And then, if there are more resources available, we can bring on board more centres and, more cancer types”; the Minister further stated.

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Tinubu commends NNPCL over re-opening of Warri Refinery

Fola Badmus03 mins

President Bola Tinubu has expressed his profound joy at the re-opening of the Warri Refining and Petrochemical Company by the Nigerian National Petroleum Company Limited, describing it as another remarkable achievement in 2024 that has strengthened Nigerians’ hope in his administration. Today, the Warri Refinery returned to operation weeks after NNPC Limited restarted the 60,000 Barrels per day at the Port Harcourt Refinery in November. With Warri Refining and Petrochemical Company (WRPC) going into operation after several years of inactivity, President Tinubu has once again expressed his administration’s determination to ramp up local refining capacity and make Nigeria a hub for downstream industrial activities in Africa. The All Progressives Congress-led administration of President Muhammadu Buhari awarded the contract for the complete rehabilitation and overhaul of the four state-owned refineries. President Tinubu noted with confidence that with the 125,000 (bpd) Warri Refinery now operating at 60% capacity, his administration’s comprehensive plan to ensure energy efficiency and security is entirely on course. He praised the Mele Kyari-led management of the NNPCL for working hard to restore Nigeria’s glory and pride as a major oil-producing country. “The restart of Warri Refinery today brings joy and gladness to me and Nigerians. This will further strengthen the hope and confidence of Nigerians for a greater and better future that we promised. This development is a remarkable way to end the year following the feat recorded earlier with the old Port Harcourt Refinery. I am equally happy that NNPC Limited is implementing my directive to restore all four refineries to good working condition. “I congratulate Mele Kyari and his team at NNPCL for working hard to restore our national pride and make Nigeria a hub for crude oil refining in Africa,” President Tinubu said. President Tinubu enjoined NNPCL to accelerate repair work on Kaduna Refinery and the 150,000 (bpd) second refinery in Port Harcourt to consolidate Nigeria’s position as a global energy provider. WRPC will focus on producing and storing critical products, including Straight Run Kerosene (SRK), Automotive Gas Oil (AGO), and heavy and light Naphtha.

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Edo Guber: Tinubu congratulates Okpebholo on inauguration

Fola Badmus02 mins

President Bola Tinubu has extended his heartfelt congratulations to Senator Monday Okpebholo on his inauguration today as the Governor of Edo State. In his message, President Tinubu urged Governor Okpebholo to diligently work to enhance the living standards of the people of Edo State and make a significant impact during his tenure. Following his triumph in the state governorship election held on September 21, 2024, Okpebholo officially took over from former governor Godwin Obaseki. Reflecting on the transition, President Tinubu noted that after eight years under Obaseki’s administration, Edo State is rejoining the ranks of the All Progressives Congress. He emphasised the importance of Governor Okpebholo justifying the confidence placed in him and the APC while fostering true democracy and effective governance in the state. The President encouraged Okpebholo to empower the Legislature and other vital government institutions throughout his administration, underscoring that a robust and independent legislature is essential for achieving democratic good governance. Expressing concerns, President Tinubu lamented the previous administration’s attempts to undermine the legislative branch, which hindered its effectiveness for much of its tenure. Additionally, President Tinubu commended the Independent National Electoral Commission for the successful conduct of the Edo Governorship Election and encouraged the Commission to strive for even greater excellence in the upcoming Ondo Governorship Election, scheduled for November 16, 2024. The President celebrated this milestone as a new chapter in Edo State’s democratic journey and rejoiced with the people of Edo for this momentous occasion.

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