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Nigeria’s Public Officers And Code Of Conduct

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President Buhari

President Buhari

The emphasis given to
rules and regulations of a country draws attention to the issues of ethics, integrity and leadership. Against this general understanding of ethics as standards or principles of human conduct concerning moral or what is good or bad or what is right or wrong, it is obvious that government business cannot be conducted properly without a code of official behaviour.
These values are critical because policy decisions often have at the bottom line delicately balanced official issues such as whether to consider the general good, the public interest, or the narrower demands of self or clique. This is the underlying  reason morality must be established in our public life and why our actions and behaviour as public functionaries must conform to the highest standards of public morality and accountability. This explains why every public officer in government business, elected or appointed, is subjected to the code of conduct bureau.
The need for code of conduct for public officers in a democracy such as Nigeria cannot be questioned. This is viewed against the backdrop of large-scale fraud and corruption which has become prevalent in the civil and public service. The inimical effects of the twin evil on the economic and social development of the country cannot be glossed over. Nigerians have suffered physical deprivation and poverty directly as a result of corruption. As for our external corporate image, it is scarred beyond recognition, with Nigeria being rated as a highly corrupt country.
In a bid to fulfil a critical plank of their campaign pledge, President Muhammadu Buhari and his deputy, Yemi Osinbajo recently made declarations of their assets. Though they had said it would be made public after verification.
Though this is in line with the 1999 constitution, their initial pronouncement to do it publicly has elicited controversy. Recently, the Rivers State Chairman of the All Progressives Congress (APC), Davies Ikanya, called on Governor Ezenwo Nyesom Wike, to declare his assets and publicly too. It should be known that the basic mandate of the CCB ‘to establish and maintain a high standard of public morality in the conduct of government business and to ensure that the actions and behaviour of public officers conform to the highest standards of public morality and accountability’ did not stipulate that assets declarations must be done publicly. It stated that a public officer must fill or complete the assets declaration form, attach one recent passport- size photograph at the right hand corner of page, have it sworn-to before a High Court Judge (not Magistrate) and return to the code of conduct bureau on a date not exceeding 30 days of the receipt of the form.
The case of public declaration of assets can only be genuinely made if or when the constitution is amended to spell  it out. It  might be argued that the late President Umaru Yar’Adua made his publicly when he assumed office in 2007, it was his personal discretion to set a new pace for other leaders to follow if they don’t have anything to hide. The immediate past President Goodluck Jonathan kicked-off his administration in 2011 by declining to publicly declare his assets and the heavens did not fall, a though  there was righteous angst or anxiety and worry over that action by Nigerians.
It would be recalled that Kayode Fayemi of Ekiti State between 2010 and 2014 publicly declared his assets of N750 million in November 2010 while his late deputy, Funmi Olayinka filed a N1.2 billion declaration.
The culture of graft, waste and impunity is particularly high among state governors, ministers, commissioners and even local government chairmen and their aides. The attitude of these categories of public officers towards assets disclosure is actually disappointing. The global best practices and norm among Nigerian political elite should be that top public officers declare their assets publicly if the war against corruption promised by the Buhari administration must be won. President Buhari and his deputy, Osinbajo should have led the way. As a matter of fact, the Nigerian public deserve the rght to demand from our ministers and governors as well as others to publicly declare their assets in order to bring sanity into governance because the sincerity and honesty of most Nigerians are in doubt.
For Nigeria to make progress in governance, public office should be made synonymous with high morality. For now, transparency and accountability are only observed in the breach by government officials, which should not continue that way. Political office holders are expected to familiarize themselves with  the rules and regulations regarding their behaviour while in office and abide by them. The Bureau may on its part expect the public to show wholesome commitment in the campaign against corruption by reporting such cases promptly but the public is uncertain about the seriousness of the Bureau in dealing with complaints or petitions. This accounts for the public’s hesitation in reporting cases of abuse of office to the bureau. The public is also fearful of revenge in the cause of reporting corrupt persons and mounting pressure on government and its agencies to sanction anyone found wanting.
The code of conduct should be seen as applicable to all public officers in Nigeria and  as the main spring for changing behavioural pattern of society as a whole for the better. The bureau should be strengthened to face the challenges before it in the crusade for integrity, competence, transparency, fair mindedness, discipline, honesty and accountability in public service.
The main reason for the culture of corruption today is the greed for wealth, no matter how acquired and the seeming connivance of silence by victims of corruption. People have, over the years, been so intimidated that they hardly speak out against corruption. Indiscipline has assured a high dimension and a greater percentage of Nigerians refusing to obey simple rules, regulations and codes of ethical behaviour. The code is an ethical standard, which requires moral strength and instills pride in the virtues of integrity, professionalism, efficiency, justice and fair play. It is an important tool in government business, just as public office is a trust, so the authority we exercise as public officers is delegated by the people and we must give an account of our stewardship.
We must put service above self by adopting an ethical process in official decision-making. If we see the job we do as a profession, career, customer service, political appointment, then we should approach it with the right attitude and righteousness, and an acceptable level of  expertise by working by the rules. Service is the bottomline for every public officer, so they must see themselves as servants of the people and make satisfaction their watchword. To meet the goal of satisfying the people, public office holders, especially governors, ministers, commissioners, local government chairmen, and so on, should observe the dos and don’ts which form a code for our conduct or behaviour. Corruption or improper conduct manifest  in various ways which are supposed to be addressed by the different provisions of the code.
The code of conduct is aimed to reduce incidents of corruption,  fraud and other malpractices, to reduce conflict of interest to enhance public trust and the credibility of government as well as enhance the loyalty of workers and the goodwill of the organization or agency, country, state and local government. The code prohibits public officers from operating foreign accounts, accepting gifts, loans or inducements from an outsider, that is, a supplier, contractor etc, to  influence him or her in the performance of official duties.
Also, a public officer shall not receive or be paid the emolument of any other office or engage or participate in the management or running of any private business or trade except when he or she is not employed on full-time basis. Nothing stops a public officer from engaging in farming or participating in the management or running of any farm. These and other rules bind public officers in the performance of their functions. The rule of law applies to all public officers who are involved in the administration and provision of services in the public interest. It must be mentioned here that the code abhors membership of secret society and lack of transparency by public officers.
The code provides that every public officer shall declare all his properties, assets and liabilities, including those of his spouse or unmarried children under the age of 18 years at the time of assuming office, at the end of every four years and at the end of his term of office. It stipulates that any statement in such declaration that is found to be false by any authority or person authorized in that behalf to verify shall be deemed to be a breach of the code.
Sometimes people ask whether declaration  of assets by public officers can be made to achieve its objectives or whether defaulters are ever given the requisite sanctions? This is because corrupt enrichment and ostentatious living have continually thrived among public officers in government business.
Such lifestyles are easily identified through the type and number of cars, houses owned and lived in the nature of holidays and educational facilities provided for their children, frequent overseas trips, jewelries, landed property, shares, machineries, amongst others. Asking public officers to declare their assets publicly is a good point but what is more important is the verification of the claims to ensure they are true.
The enforcement of the provisions of the Code of conduct Bureau and Tribunal Law is another significant aspect of the issue. The workability of the code revolves around its enforcement and making sure that the diehards in the game of corruption and fraud are adequately punished. Section 18 of the 5th schedule under the code of conduct Tribunal states that, where the  Code of Conduct Tribunal finds a public officer guilty of contravention of any of the provisions of this code, it shall impose upon that officer any of the  punishments specified such as removal from office.
This could be done through the vacation of the officer’s seat in any legislative house, disqualification from holding of any public office for a period not exceeding ten years and seizure and forfeiture to the state of any property acquired in abuse of office. Furthermore, though the law give right of appeal, the relevant section of the constitution states that the prerogative  of mercy shall not apply to any punishment imposed by the code of conduct Tribunal.
The Code of conduct for public officers is a condition precedent for any elected public office holder as contained in the oath of office, and as such a breach of the Code renders such an officer unworthy of continuing in public office. There is the need for effective and routine supervision to ensure that all rules and procedures are followed after the completion of the declaration of assets process with the required commitment of the top management who must not compromise.

 

Shedie Okpara

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Nigeria’s ETF correction deepens as STANBICETF30, VETGRIF30 see 50% decline in a week

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Nigeria directs all oil, gas revenues to federation account in sweeping reform
Nigerian President Bola Tinubu has signed an order directing that all oil and gas revenues owed to the government be paid directly into the federation account, in sweeping reforms aimed at boosting public finances, the presidency said on Wednesday.
Under the law, the Nigerian National Petroleum Corporation keeps 30% of oil and gas profits for frontier exploration in inland basins. The presidency said those funds will now be paid into the federation account and appropriated by the government.
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NNPC also retains 30% of oil and gas sales as operational costs and receives 30% of proceeds from Production Sharing Contracts. Under the new directive, all revenues under these arrangements will flow directly to the federation account, while the company will instead receive appropriated management fees.
Royalty payments, petroleum profit taxes and other statutory revenues previously collected and retained by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will also be paid directly into the Federation Account. The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) will likewise remit its revenues in full, with its cost of collection to be funded through appropriation.
Tinubu’s office said deductions enabled by the law had sharply reduced net oil inflows and contributed to fiscal strain across federal, state and local governments. The president also ordered a review of the law and established an implementation committee to enforce the changes.
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BOI Introduces Business Clinic 

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The Bank of Industry (BoI) has introduced a business clinic model designed to diagnose, treat and rehabilitate the Micro, Small and Medium Enterprises (MSMEs) to ensure long-term growth and sustainability.
The Divisional Head, Business Development, BoI, Dr Obaro Osah, made this known at the bank’s Thrive Summit with the theme: “Driving Growth through Innovation and Financial Empowerment” on Tuesday in Lagos.
Osah noted that traditional banking often treated businesses as mere account opening and management relationships.
He said the BoI business clinic model was created to reimagine the essence of a bank as a specialised teaching hospital.
According to him, just as a hospital requires a thorough diagnosis before service treatment/surgery, the bank must analyse the structural health of a small business before injecting capital.
“Financial distress is often just a symptom, the disease lies in operations and adopted philosophy, strategy, or governance,” he said.
Osah noted the many MSMEs, in spite of their potential, suffer from recurring ailments: restricted cash flow, poor operational structure, lack of proper packaging and market access, poor management among others.
He said the bank’s triage and vital signs included screening SMEs by maturity stage, pulse check to assess cash flow and liquidity and market temperature to evaluate competitive landscape.
Osah said after these evaluation, advanced diagnostics, prescriptions, surgical interventions and recovery and rehabilitation would be carried out where necessary.
“Prescription without diagnosis is malpractice and the Thrive Summit ensures we treat the root cause, not just the symptoms,” he said.
The Chief Strategy and Development Officer, BoI, Dr Isa Omagu, noted that MSMEs needed more than finance to succeed.
Omagu said they needed structure, advisory, capacity building, governance, digital readiness, access to market information and the right business infrastructure to operate and scale effectively.
He said as part of the bank’s 2025-2027 Corporate Strategy, the business clinic would expand BoI’s value proposition to broaden its products and services to better reach target segments.
Omagu said by offering structured business advisory and project development support, the clinic would enable the bank deliver deeper, more holistic value to MSMEs beyond financing.
“This vision of a structured, holistic business clinic; one that strengthens MSMEs across all core business functions and makes them more bankable, competitive, digitally enabled, and sustainable, is fully aligned with our strategic initiative to develop and roll out non-financial product offerings.
“Through this initiative, BoI commits to providing business advisory for MSMEs and project lifecycle support for enterprises, and the business clinic serves as the practical platform through which this commitment comes to life,” he said.
Omagu urged MSMEs to apply the guidance received to strengthen structure, governance, and financial management.
He added that they must adopt digital tools and improve internal processes to boost competitiveness while engaging BoI as a long-term partner in building a resilient, scalable business.
Mrs Eniola Akinsete, Divisional Head, Sustainability, BoI, said adopting Environmental, Social and Governance (ESG), principles often led to business prosperity.
Akinsete, however, noted that in spite of the benefits, adoption challenges persisted.
She affirmed BoI’s support on the adoption of ESG Practices by the MSMEs.
Earlier, the Executive Director, Corporate Finance, Sustainability and Investments, BoI, Mr Rotimi Akinde, said the summit represented a shared commitment to building a stronger, more resilient business ecosystem in Nigeria.
Akinde stated that the business clinic created a platform for practical knowledge sharing where entrepreneurs and small business owners could gain actionable insights to overcome challenges and seize opportunities.
He said discussions would focus on critical areas that drive sustainable growth, including branding and marketing, financials and activities, human rights, human resources, raising capital for equity and technology.
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Dangote signs $400 mln equipment deal with China’s XCMG to speed up refinery expansion

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Nigeria’s Dangote Group has signed a $400 million equipment deal with China’s Xuzhou Construction Machinery Group to speed up the expansion of its oil refinery toward a planned 1.4 million barrels per day, the company said on Tuesday.
The additional equipment is expected to support major projects under construction across refining, petrochemicals, agriculture and infrastructure.
Dangote said the XCMG agreement would allow it to acquire a wide range of new heavy-duty machinery to complement existing assets deployed for the refinery build?out, which the company expects to complete within three years.
As part of the expansion, polypropylene capacity will rise to 2.4 million tons per year from 900,000 tons. Urea production in Nigeria will triple to 9 million tons per year, alongside an existing 3 million-ton plant in Ethiopia, positioning the conglomerate as the world’s largest urea producer, the company said.
The output of linear alkyl benzene – a key raw material for detergents – will increase to 400,000 tons annually, making Dangote the biggest supplier in Africa. Additional base-oil capacity is also planned in the programme.
Dangote Group described the equipment deal as a strategic investment aligned with its ambition to become a $100 billion enterprise by 2030.
“The additional equipment we are acquiring under this partnership will significantly enhance execution across our projects,” it said in a statement.
Owned by Nigerian billionaire Aliko Dangote, the $20 billion refinery began operations in 2024 after years of delays. Once fully operational, it is expected to reduce Nigeria’s heavy dependence on imported refined fuel and reshape fuel supply across West and Central Africa.
Reporting by Isaac Anyaogu; Editing by Anil D’Silva
The Nigeria-Slovenia Chamber of Commerce on Thursday urged the Nigerian business community to explore business opportunities in Slovenia to widen their horizons.
The Tide source reports that the chamber made the call at its 2025 Last Quarter Business Forum held in Lagos State.
The forum is the chamber’s routine session aimed at informing businesses about the latest opportunities of mutual benefit between both countries, encouraging people to explore them to improve their livelihoods.
Speaking at the event, which was attended by businessmen and trade regulatory agencies, the Director-General of the Nigeria-Slovenia Chamber of Commerce, Mr Uche Udungwor, described the relationship between the two countries as a bilateral economy.
Udungwor said the body, established to build, promote and facilitate trade and investment activities between Nigeria and Slovenia, had positively impacted both nations.
He said the mandates of the chamber include: “To provide a forum representative of Nigeria and Slovenia’s interests for the development and improvement of commerce and industry between the two countries.
“Also, to create, promote and sustain broad exchanges and interactions in commercial, industrial and economic fields between the countries.
“To promote cooperation on technical and scientific innovations between institutions of the countries through the exchange of regular information on trade and investment opportunities.
“To advise members on opportunities, challenges, legislation or otherwise arising from the pursuit of trade between Nigeria and Slovenia, and to encourage the exchange of ideas and views on trade matters within the context of trade promotion between both countries.”
According to him, Slovenia’s major imports include organic chemicals, agro products such as cocoa beans, iron and steel/metal scraps, wood, and mineral fuels/petroleum products.
He said the trade balance between Slovenia and Nigeria is “not quite encouraging”, citing United Nations COMTRADE data indicating that Slovenia’s imports from Nigeria in 2022 amounted to $5.7 million.
Udungwor described the Republic of Slovenia, located in Central Europe with about 2.1 million inhabitants, as a promising business frontier for Nigerians.
He noted that the country features Alpine mountains, thick forests and a short Adriatic coastline.
“Slovenia, which borders Italy to the west, Austria to the north, Croatia to the south and southeast, and Hungary to the northeast, has a 2024 GDP of 72.49 billion dollars, a sound economy and a low-risk business environment.
“Slovenia has been a member of the European Union since 2004 and of the Schengen Group since 2007. It is also a member of the Organisation for Economic Co-operation and Development (OECD).
“Slovenia today is a stable, vibrant democracy that offers a stimulating business environment and represents a bridge between the Balkan, Central European and Western European countries.
“The Nigeria-Slovenia Chamber of Commerce is at your service to provide up-to-date information and advice about Slovenia’s economy, business opportunities, companies, products and services for the mutual benefit of all,” he said.
A participant, Mr Muyiwa Ajose, said his partnership with the chamber had bolstered his agro exports to Slovenia.
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