On Thursday, newly appointed Acting Chief of Army Staff (COAS), Major General Olufemi Olatubosun Oluyede, held a high-level security meeting with Chief of Defence Staff (CDS) General Christopher Gwabin Musa and National Security Adviser (NSA) Mallam Nuhu Ribadu. This meeting followed President Bola Tinubu’s recent appointment of Oluyede as Acting COAS while Lt. General Taoreed Lagbaja, the substantive COAS, is abroad for medical treatment.

Held at the Office of the National Security Adviser (ONSA) in Abuja, the discussions highlighted the administration’s commitment to security continuity and cooperation. However, specific details from the meeting remain undisclosed.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has announced a new policy allowing Nigerians holding dollars outside the banking system to bring those funds into formal financial channels. Under this policy, individuals have a nine-month grace period—beginning October 31—during which they can deposit these funds without legal or financial penalties.

Edun shared this directive after the National Economic Council meeting, chaired by Vice President Senator Kashim Shettima at the Presidential Villa in Abuja. He clarified that individuals bringing dollars into the system would be exempt from taxes, penalties, and inquiries, provided the funds meet standard banking Know Your Customer (KYC) requirements and are not linked to criminal or illicit activity.

Additionally, Edun reported on the nation’s financial reserves: the Excess Crude Account stands at $473,754.57, the Natural Resources Fund at ₦26.1 billion, and the Stabilization Account at ₦36.3 billion. He also highlighted government relief measures, stating that 25 million Nigerians have benefited from federal social protection programs, which support sectors like power, agriculture, manufacturing, health, and compressed natural gas (CNG).

This initiative aims to secure dollar holdings and support economic growth, with detailed guidelines to be released by the Central Bank in coordination with the Ministry of Finance.

Prof. Obiora Okonkwo, Chairman of United Nigeria Airlines, has emphasized that Nigeria’s economic policies must align with global best practices and sustainable business approaches to ensure economic growth and resilience. Speaking at the inaugural International Management, Business, and Job Fair Conference at the University of Abuja Business School, Okonkwo highlighted the necessity of integrating sustainable practices into Nigeria’s economic framework to foster a future of balanced economic growth and environmental stewardship.

Represented by the airline’s Director of Administration, Mr. Linus Awute, Okonkwo advocated for government-led initiatives such as effective regulations, tax incentives for green businesses, subsidies for renewable energy projects, and green procurement policies to support sustainable investment in Nigeria. He argued that these policies could attract more investment and align the nation’s economic strategies with global sustainability trends.

According to Okonkwo, businesses across both public and private sectors should incorporate sustainability into their operations by adopting eco-friendly production processes, responsible supply chain practices, and social responsibility initiatives that enhance environmental, economic, and social sustainability.

He also stressed the need for collaborative platforms involving governments, businesses, and NGOs to raise public awareness of sustainable practices, aiming to shift mindsets and increase demand for sustainable products and services. Prof. Okonkwo expressed optimism that embracing sustainability can propel Nigeria’s economic growth and strengthen both the private and public sectors.

Olu Verheijen, Special Adviser to the President on Energy, has expressed confidence in the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) capacity to resolve issues related to Shell’s proposed sale of its onshore assets to the Renaissance consortium. She noted that President Bola Ahmed Tinubu’s administration is committed to expediting the transition of international oil companies (IOCs) from onshore activities to deep offshore and gas sector operations.

During NUPRC’s third-anniversary event for the ‘1mmbopd’ project, Engr. Gbenga Komolafe, the Commission Chief Executive, shared that the government has recently approved four divestment deals, including ExxonMobil’s sale of Mobil Producing Nigeria Unlimited to Seplat Energy.

In a recent virtual interview hosted by the African Association of Energy Journalists and Publishers (AJERAP), Verheijen highlighted the progress in divestment deal approvals, noting the improvement in the speed and volume of these transactions.

Verheijen stated, “There is one outstanding issue, and we remain confident in NUPRC’s regulatory process. Our objective is to facilitate exits for IOCs aiming to pivot to the deep offshore and gas sectors.” She underscored the significant capital and technical expertise of IOCs, which can unlock value in Nigeria’s deep offshore and gas sectors. Additionally, she stressed the need for onshore operators to align with the government’s goal of increasing production.

Verheijen acknowledged that under President Tinubu’s leadership, substantial efforts have been made to attract and retain energy sector investors through sound policies and competitive incentives. Reflecting on challenges, she noted that previous declines in investment were partly due to security concerns and fiscal conditions, emphasizing that these factors are being reassessed to enhance Nigeria’s competitiveness as an investment destination.

The Dangote Petroleum Refinery has clarified that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) for the purchase of refined petroleum products.

In a recent statement, IPMAN claimed that its members were unable to load petrol from the Dangote Refinery in Lagos, despite having paid ₦40 billion to the Nigerian National Petroleum Company Limited (NNPCL). Reacting to this, Anthony Chiejina, Group Chief Branding and Communications Officer of Dangote Refinery, labeled the claim as misleading, stating that IPMAN members were not facing issues loading refined products from the facility.

Chiejina explained: “The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. While discussions are ongoing, it is misleading to suggest that IPMAN members are experiencing loading difficulties, as we currently have no direct business dealings with them. We cannot be held responsible for payments made to other entities.”

He further clarified that the referenced payment was made to NNPCL, not to Dangote Refinery, and that NNPCL has neither approved nor authorized the release of Premium Motor Spirit (PMS) to IPMAN.

Emphasizing the refinery’s capacity, Chiejina stated, “We can meet the nation’s demand for all petroleum products, including petrol, diesel, and aviation fuel. We have the capacity to load 2,900 trucks per day and continue evacuating products by sea. We advise IPMAN to register with us and make direct payments, as we have ample supply to satisfy their needs.”

In conclusion, he urged all stakeholders to avoid making unsubstantiated statements in the media, as these could potentially undermine the economic efforts of President Bola Ahmed Tinubu. He warned that conducting business through speculation is counterproductive and unpatriotic.

The National Association of Nigerian Students (NANS) has voiced strong dissatisfaction with the decision of the management of the Federal University of Health Sciences, Azare, Bauchi State, to impose a compulsory accommodation fee of N100,000 on students seeking official housing on campus.

In a statement released on Wednesday by the National President, Comrade Lucky Emonefe, the association described the policy as unacceptable and appalling.

“NANS is appalled by the compulsory 100,000 Naira accommodation fee recently imposed on students by the management of the Federal University of Health Sciences, Azare,” the statement read.

The association pointed out that traditionally, only Medical and BDS students were required to pay for compulsory accommodation due to the nature of their courses. They criticized the imposition of such a significant fee on all students as insensitive and a negation of the current economic realities faced by students and their families.

“NANS believes that education should be accessible and affordable for all, and such exorbitant fees only serve to further burden students who are already grappling with rising costs of living and educational expenses,” the statement continued.

NANS called on the university’s management to immediately reverse its decision and make accommodation optional for students who wish to reside on campus at a more affordable price. They emphasized the importance of recognizing the diverse financial situations of students and implementing policies that support their academic pursuits rather than hinder them.

Furthermore, the association reiterated its commitment to advocating for the rights of students and warned that it would not hesitate to mobilize for action if necessary regarding this issue.

“In conclusion, it is important to emphasize the significance of creating a conducive learning environment that does not impose undue financial strain on students,” the statement concluded.

The Interior Minister, Olubunmi Tunji-Ojo, has voiced strong support for the election of Governor Lucky Aiyedatiwa and the All Progressive Congress (APC) candidate in the upcoming November 16 election in Ondo State.

In a goodwill message read on his behalf by House of Representatives member Ifeoluwa Ehindero, who represents the Akoko Northeast/Northwest Federal Constituency, Tunji-Ojo praised Aiyedatiwa’s leadership and his strategic approach to the 2025 budget, which is aimed at addressing the critical needs of the people of Ondo State.

Aiyedatiwa was campaigning in Akoko Northwest as part of his statewide election efforts. Ehindero conveyed the minister’s commendations to the residents, expressing gratitude for their enduring loyalty and support for the APC.

“The Hon. Minister of Interior acknowledges your steadfast support and commitment to the ideals of our party,” Ehindero stated. “Together, we are all striving towards a unified, prosperous Ondo State under the able leadership of Gov. Aiyedatiwa, and the minister stands firmly with you as we approach this important election.”

Ehindero emphasized that Governor Aiyedatiwa has demonstrated a commitment to listening to the people and taking action. “His commitment to creating an inclusive budget that addresses the developmental needs of all regions in the state is a testament to his dedication to our communities,” he added.

He urged the people of Akoko Northwest to come out in full support on election day to keep the vision for a better Ondo State alive. “The unity among our leaders, stakeholders, and every member of the APC in this area is truly inspiring. Together, we are making a powerful statement for the continued progress of Akoko Northwest.”

During his address to the people in Oke Agbe, Governor Aiyedatiwa reiterated his commitment to inclusive governance, emphasizing that the 2025 budget will prioritize infrastructure, security, and agriculture to tackle the pressing needs across Ondo State

Botswana, known for its diamond wealth, held elections on October 30, 2024, amid growing concerns about high unemployment and an economic downturn. Voters turned out to decide whether to extend the ruling Botswana Democratic Party (BDP)‘s nearly six-decade reign, granting President Mokgweetsi Masisi a second term.

Key Election Details

• Voter Turnout: Over one million registered voters queued for several hours at polling stations, highlighting the civic engagement in this southern African nation, which prides itself on being the region’s oldest democracy.
• Voices of Change: Many voters, like Lone Kobe, expressed frustration with the current system. Kobe, who arrived at her voting venue more than three hours early, noted the disparity in wealth distribution, stating, “We are just spectators, like we are watching a movie.”

Economic Context

• Diamond Dependency: Botswana’s economy, heavily reliant on diamond mining since its independence in 1966, has faced challenges. Recent downturns in diamond sales have contributed to rising unemployment, which now stands at 27 percent, particularly affecting younger people.
• Wealth Inequality: According to a 2022 World Bank report, Botswana is among the most unequal countries globally, with the richest 10 percent holding three-fifths of the nation’s financial assets.

Political Landscape

• Corruption Allegations: Masisi’s administration has encountered accusations of corruption, nepotism, and mismanagement, further complicating the BDP’s position ahead of the elections.
• Previous Election Results: Masisi won his first term in 2019 with about 52 percent of the vote. Analysts speculate that the BDP may struggle to maintain its majority in this election, with results expected to be announced late Thursday.

As Botswana navigates its economic challenges and the political landscape, the outcomes of this election may significantly influence the country’s direction and governance in the coming years.

Mr. Abdulrahman Lekki, the Executive Secretary of the Lagos State Scholarship Board, has passed away. The announcement was made via a statement from the office of the Lagos State Head of Service on October 30, 2024.

Details of the Announcement

• Time of Death: Mr. Lekki died in the early hours of the day after a brief illness.
• Official Statement: The statement expressed submission to the will of Almighty Allah, offering condolences and wishing peace upon his soul.
• Funeral Arrangements: Details regarding the funeral arrangements are expected to be announced later.

Community Reaction

The passing of Mr. Lekki has likely left a significant impact on the educational community in Lagos State, where his role in the Scholarship Board was crucial for supporting students and facilitating educational opportunities. Tributes and condolences from colleagues, friends, and beneficiaries of the scholarship programs are expected as the community mourns his loss.

On Wednesday, the Federal High Court in Abuja adjourned further proceedings in the money laundering case involving former Kogi State Governor Alhaji Yahaya Bello until January 21, 2015.

Key Developments in the Case

1. Adjournment for Ruling: The trial judge, Justice Emeka Nwite, postponed the trial to allow time to consider an application from the Economic and Financial Crimes Commission (EFCC). The application seeks permission to proceed with the trial in the absence of the defendant.
2. Prosecution’s Readiness: Mr. Kemi Pinheiro, Senior Advocate of Nigeria (SAN), representing the EFCC, informed the court that the agency was prepared to continue the trial despite Bello’s non-appearance. He indicated that all attempts to have the former governor voluntarily appear for the arraignment on 19 counts of money laundering had failed.
3. Application for Plea in Absentia: The prosecution requested the court to formally enter a plea of not guilty on behalf of Yahaya Bello, asserting that this would align with Section 276 of the Administration of Criminal Justice Act (ACJA), 2015. Pinheiro argued that the defendant had effectively waived his right to be present for the plea hearing.
4. Witnesses Present: The prosecution indicated that two witnesses were present and ready to testify, further demonstrating the EFCC’s readiness to advance the trial.

Implications of the Case

The outcome of this case could have significant ramifications for former Governor Bello, especially regarding the legality of trying a defendant in absentia. The court’s decision on the prosecution’s application will set a precedent for how similar cases are handled in the future, particularly in terms of the defendants’ rights and procedural compliance.

Conclusion

As the Federal High Court prepares to rule on the EFCC’s application, the trial’s adjournment reflects the complexities involved in high-profile corruption cases in Nigeria. The proceedings are closely monitored as they highlight ongoing efforts by anti-corruption agencies to address financial crimes in the country.

The daughter of the late President of the Customary Court of Appeal in Abuja, Justice Moses Bello, has raised serious allegations regarding attempts to obstruct the execution of her father’s will. In a petition addressed to the Chief Judge of the Federal Capital Territory (FCT), Justice Hussein Baba Yusuf, Ann Eniyamire accused the will executor and some court officials of colluding to undermine proceedings related to her father’s estate.

Key Developments in the Case

• Background of the Dispute: Justice Bello’s daughter alleges that the executor of the will, Rev. Father Ezekiel Awolumate, alongside other officials, is attempting to sell off her father’s properties, despite an interim injunction issued by the High Court. The ruling, delivered by Justice M. A. Madugu on October 14, prohibited the sale or leasing of the disputed properties and mandated that they be marked with red paint and a “Not For Sale / Lis Pendens” sign.
• Contempt Charges: In her recent legal actions, Eniyamire has sought to hold the executor in contempt of court, claiming that he breached the existing orders by attempting to sell properties, including one located at No. 41 Panam Street, Maitama, Abuja. The contempt charges also include the Executive Director of Asset Management at NELMCO, Mr. Joseph Asuku Bello.
• Allegations of Court Manipulation: In her petition to the Chief Judge, Eniyamire expressed concerns about a purported plot to withdraw her case file and reassign it to another judge, which she described as an “administrative coup d’état.” She urged the Chief Judge to ensure that his office is not used to obstruct justice and to uphold the principles of fair hearing.

Legal Representation and Call for Fairness

Eniyamire is represented by a legal team led by Yahuza Mahraz, who articulated their concerns regarding the potential manipulation of judicial proceedings. The petition emphasizes that any re-assignment of a case should follow proper legal protocols and not be conducted through administrative means, which could undermine the integrity of the judicial system.

The ongoing legal battle illustrates the complexities surrounding estate management and the execution of wills in Nigeria, particularly in cases involving high-profile individuals. As the situation unfolds, it raises important questions about judicial integrity, the responsibilities of court officials, and the protections available to individuals seeking justice in similar circumstances. Eniyamire’s case will likely continue to draw public and legal scrutiny as it progresses through the courts.

The Rivers State Police Command has apprehended three female officers—Inspector Sarah Anendei, Inspector Caroline Promise, and Inspector Christiana Jatau—for allegedly extorting motorists in Port Harcourt. Their arrests occurred under the Rumuokoro flyover in the Obio/Akpor Local Government Area, where they reportedly operated an unauthorized checkpoint.

Details of the Incident

According to reports, these officers had been involved in illegal activities for some time. The arrests were confirmed by Grace Iringe-Koko, the Police Public Relations Officer and Superintendent of Police, who stated that the command had been monitoring their actions following multiple complaints from the public.

During the operation on October 29, 2024, a team from the Commissioner of Police’s Monitoring Unit observed the officers engaging in corrupt practices against innocent motorists. Notably, two of the arrested officers were not in uniform at the time of their arrest, which violates police regulations.

Evidence and Investigation

The officers were caught on video during the incident, which served as evidence of their misconduct. Upon investigation at the scene, operatives discovered cash that had been extorted from motorists in their possession. Iringe-Koko emphasized the police command’s commitment to upholding ethical standards and maintaining public trust by swiftly addressing corrupt practices within the force.

Conclusion

The Rivers State Police Command’s prompt action in arresting these officers highlights ongoing efforts to combat corruption within the police force. The incident serves as a reminder of the importance of accountability and ethical conduct in law enforcement, aiming to restore public confidence in the police’s role in ensuring safety and justice.