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‘Absence Of Laws, Policies Costs Nigeria N4.4trn’
The Civil Society Legislative Advocacy Centre (CISLAC) says Nigeria loses over N4trillion annually in the extractive industry due to lack of laws and policies.
The CISLAC Director of Legal, Mr Adesina Oke, disclosed this at a stakeholders’ meeting, yesterday in Lagos.
The stakeholders’ meeting is a collaborative effort of CISLAC, Connected Development (CODE) and Oxfam.
Oke added that Africa also loses over $50billion every year due to Illicit Financial Flows (IFFs).
He, however, noted that pending laws before the National Assembly as well as policies yet to be implemented by the executive could have curbed these losses.
The legal director said that of the $50billion, Nigeria accounted for 30.5 per cent which represents $15.2billion.
Oke explained that out of the $15.2billion losses, the oil-dominated extractive industry alone represented 95.2 per cent of the figure, amounting to $14.5billion (N4.44trillion).
He regretted that bills that could have curbed and eventually stopped these loses had been pending before the National Assembly.
Oke listed some of the bills and policies to include: the Petroleum Industry Bill (PIB), Proceeds of Crime Bill, Whistle Blower Protection Bill and the policy to know the beneficial owners of registered companies.
In an interview with newsmen, Oke said that the losses coupled with corruption and mismanagement was the reason the nation has yet to reap measurable benefit from the sector.
“The truth is that there are so many problems confronting the extractive industry in Nigeria which has given birth to Illicit Financial Flows.
“From the discussions there are so many gaps, even in terms of our laws; there are so many laws that could have assisted Nigeria in combating IFFs in the extractive sector.
“Laws like the PIB are yet to be passed, the Proceed of Crime Bill is yet to be passed, and we also have the Anti-money laundering and other anti-corruption bills.
“There is need to implement the beneficial ownership for companies, whistle blowers policy and all sort of laws that could have been able to mainstream into an effective combat against illicit financial flows.
“There is nothing anybody can do except the national assembly is able to discuss and pass those laws and for the executive to assent to it,” he said.
Oke pointed out that those pushing for the bill to be passed might have to start afresh if the 8th National Assembly failed to pass the bills before it winds up in June.
He added that the Civil Society Groups and other stakeholders were already preparing to take on the 9th Assembly if the 8th Assembly adjourned without passing the bills.
“We had this dialogue to prepare us for the 9th Assembly so that we can immediately take off in ensuring that those bills are pushed and passed.
“The PIB has come a long way and we have been struggling to ensure these bills are passed, but it has been going front and back.
“It is not even as though what is contained in the bill is all that is desired, but it is better to have a law in place that you can amend than not to have any law at all.
“As it is now, those things that are primary are the ones that are being pushed so that we can have a PIB law in place then the amendments can come later.
“If these laws are in place, when something is not being done the way it ought to be done you can question; but when there are no laws, there is nothing you can do,” he said.
Oke also called for the use of technology to monitor and track the extraction and sale of oil, urging the Federal Government to emulate Saudi Arabia that invest in technology to track its oil.
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Soyinka Demands Accountability Over Extra-Judicial Killings
Soyinka stressed that accountability and civic courage remain essential to rebuilding public confidence in the nation’s institutions.
He made the call during the 28th Wole Soyinka Lecture held in Port Harcourt, last Friday as part of activities marking his 92nd birthday.
The lecture, themed “Reclaiming the Nigerian State through Accountability, Justice and Civic Courage,” drew participants from different sectors of society.
The renowned playwright and human rights advocate said the country’s greatest tragedy was not only the unlawful killings carried out by state and non-state actors, but also the silence that often follows such incidents, allowing perpetrators to evade justice.
According to him, indifference by citizens to abuses of power and violations of fundamental human rights has contributed to the persistence of extrajudicial killings and other forms of injustice across the country.
Soyinka said he dedicated this year’s lecture to victims of unlawful killings, noting that the event was intended to honour individuals who had lost their lives as a result of failures within the justice system and society’s inability to protect the sanctity of human life.
He stressed that the lecture was dedicated to what he described as the basic unit of every society – the human being, and urged Nigerians to place greater value on human dignity irrespective of ethnicity, religion or social status.
The Nobel Laureate recalled several incidents of violence, including the fatal shooting and killing of a young man in Ugheli in Delta State by a police officer, and the mob killing of Deborah Yakubu in Sokoto State sometime ago, lamenting that many of those responsible are yet to face justice.
He expressed concern that some perpetrators of violent crimes had openly admitted their actions without fear of prosecution, describing such situations as evidence of serious failures within the nation’s justice system.
Soyinka maintained that when justice is delayed or denied, public confidence in state institutions continues to erode, thereby encouraging further violations of human rights.
Responding to critics who accuse him of promoting religious or ethnic divisions whenever he spoke on such issues, Soyinka dismissed the allegations and pointed out that his advocacy has always centred on the protection of human life and the rule of law.
He urged Nigerians to remain vigilant and continue demanding justice in cases of alleged extrajudicial killings, including the recent shooting of a young man by a police officer, stressing that every life deserves equal protection under the law.
The literary icon also recalled an earlier pledge by a past incoming president to make public the files relating to unresolved assassinations and extrajudicial killings, questioning the status of the promised investigations.
He challenged citizens to continue asking questions about unresolved cases, insisting that justice, accountability and respect for human dignity are indispensable to building a peaceful, democratic and inclusive Nigerian society.
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FAAN Backtracks, Says No Fire Incident At Lagos Airport’s Terminal 2
Earlier yesterday, FAAN had announced that a fire incident had occurred at Terminal 2 of the nation’s busiest airport, and assured that its Aerodrome Rescue and Firefighting Service had been deployed to contain the situation.
There were also reports that activities were briefly disrupted at the airport yesterday after smoke was seen inside parts of the terminal.
Videos circulating online showed passengers kept standing outside the terminal while firefighters responded to the incident.
However, in an update issued less than two hours later by the Director of Public Affairs and Consumer Protection, Henry Agbebire, and posted on FAAN’s official X handle, the authority said preliminary findings showed that the smoke seen at the terminal was caused by the discharge of the facility’s FM-200 fire suppression system.
“Further to our earlier advisory regarding the incident at Terminal 2 of the Murtala Muhammed International Airport, Lagos, the Federal Airports Authority of Nigeria (FAAN) wishes to provide the following update,” the statement read.
“Preliminary findings indicate that there was no fire at the terminal. The smoke observed within the affected area resulted from the discharge of the terminal’s FM-200 fire suppression system. The reason for the activation of the fire suppression system is currently being investigated,” FAAN stated.
The authority said normal operations had resumed at the terminal while investigations were ongoing to determine the cause of the incident.
“Normal operations have since resumed at the terminal, while detailed investigations are ongoing to determine the exact cause of the incident,” the statement added.
The authority thanked passengers, airlines, airport users and other stakeholders for their understanding and cooperation.
FAAN appreciated the understanding and cooperation of passengers, airlines, airport users and all stakeholders, and reiterated its commitment to the safety and security of all airport operations.
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