Editorial
Kudos, EFCC, But…
During an end-of-year assessment of its operational activities for 2021, the Economic and Financial Crimes Commission (EFCC) promptly declared to Nigerians that it recovered over N152 billion; $386.2 million; £1.1 million; €156,246.76; 1.7 million Saudi Riyal; 1,900.00 South African Rand, and 1,400.00 Canadian dollars between January and December 2021.
A spokesperson for the commission, Wilson Uwujaren, said in a recent statement that the recovery also included a digital currency component with 5,36957319 Bitcoin and 0.09012 Ethereum. The operations by the headquarters dominated the recoveries with N67.2 billion, $375.6 million and £1.1 million, according to the news release.
Uwujaren revealed that the anti-graft agency secured 2,220 convictions across all its commands in 2021 with the Lagos Command recording the most convictions — 481, closely followed by the Ibadan Command with 324 convictions, while the Port Harcourt Zonal Command had 230 convictions. Curiously, the EFCC failed to indicate the cumulative cases in court in the year under review.
The convictions obtained by the commission in 2021 are the highest since its establishment. Prior to 2021, the highest number of convictions was reached in 2019 at 1,280. The record of 2,220 in 2021 is 127.5 per cent better than in 2019. The record 2,220 represents a 98.49 per cent success rate in prosecutions as the commission lost only 34 cases during this period.
We heartily commend the EFCC chairman, Abdulrasheed Bawa, and his staff for their industry and dedication despite the challenges of criminal litigation in the courts. The organisation should keep on motivating all categories of staff for greater efficiency through capacity development and other incentives and ensure that perpetrators of economic and financial crimes are denied the benefits of the proceeds of crime.
As an agency charged with the responsibility of recovering looted assets in Nigeria by arresting and prosecuting offenders, a day hardly passes without the commission inviting jittery and errant politicians and corrupt persons for questioning. It is no longer hearsay that this “eagle” deployed by the Federal Government has gouged many preys and is pursuing others.
Since its inception during former President Olusegun Obasanjo’s administration, the EFCC has had cases against prominent Nigerians, and what often begins as a light grilling sometimes does climax in a jail term, with victims having to part with considerable sums as bail. Some are acquitted following marathon trials that pass through multiple courtrooms.
The Federal Government may have earned credit for recovering stolen funds or property in Nigeria. Its posture is laudable even though the administration is not the right bet considering the tattoos of banditry, insurgency, kidnappings, hunger, insecurity, poverty, and unemployment engraved on the face of the average Nigerian.
Despite the latest figures projecting the EFCC’s achievements, the question on the lips of many Nigerians is: where does the anti-graft agency channel recovered looted funds? In other words, where does the confiscated money reside? In deposit accounts earning interest? Nigerians need to know and maybe see concrete steps that are being taken with these funds.
Although the EFCC had at different times claimed that recovered funds were lodged in a Federal Government’s consolidated account in the Central Bank or deposited in some interest-yielding accounts on the instruction of the courts, revelations unearthed when Bawa appeared before a House of Representatives ad hoc committee investigating the status of recovered loots mainly under its former chairman, Ibrahim Magu, proved otherwise.
Various transactions were flagged by the committee, some of which included unauthorised transfers to and from the EFCC account. The Attorney General, Abubakar Malami, had in a series of letters to the President accused Magu of diverting billions of Naira of recovered funds, as well as failing to act timeously on a presidential directive to investigate the controversial $9.6 billion P&ID British firm that secured a gas contract in Nigeria.
Funds recovered by the EFCC should be accounted for and be used to tackle youth restiveness. As a realistic approach to reducing crime, insecurity and unrest that many Nigerians have grown accustomed to, some of these funds should benefit unemployed graduates. Whatever challenges such an approach may pose, the Federal Government can respond to them in its own way.
It is expedient for Nigerians to be privy to credible information about the recovery of looted assets, identities of the perpetrators or those associated with corruption cases, as well as details of their prosecution and the composite number of cases in court within a review period. This is what we need to know to appreciate the exploits of the anti-graft agency.
Editorial
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Editorial
Making Rivers’ Seaports Work
When Rivers State Governor, Sir Siminalayi Fubara, received the Board and Management of the Nigerian Ports Authority (NPA), led by its Chairman, Senator Adeyeye Adedayo Clement, his message was unmistakable: Rivers’ seaports remain underutilised, and Nigeria is poorer for it. The governor’s lament was a sad reminder of how neglect and centralisation continue to choke the nation’s economic arteries.
The governor, in his remarks at Government House, Port Harcourt, expressed concern that the twin seaports — the NPA in Port Harcourt and the Onne Seaport — have not been operating at their full potential. He underscored that seaports are vital engines of national development, pointing out that no prosperous nation thrives without efficient ports and airports. His position aligns with global realities that maritime trade remains the backbone of industrial expansion and international commerce.
Indeed, the case of Rivers State is peculiar. It hosts two major ports strategically located along the Bonny River axis, yet cargo throughput has remained dismally low compared to Lagos. According to NPA’s 2023 statistics, Lagos ports (Apapa and Tin Can Island) handled over 75 per cent of Nigeria’s container traffic, while Onne managed less than 10 per cent. Such a lopsided distribution is neither efficient nor sustainable.
Governor Fubara rightly observed that the full capacity operation of Onne Port would be transformative. The area’s vast land mass and industrial potential make it ideal for ancillary businesses — warehousing, logistics, ship repair, and manufacturing. A revitalised Onne would attract investors, create jobs, and stimulate economic growth, not only in Rivers State but across the Niger Delta.
The multiplier effect cannot be overstated. The port’s expansion would boost clearing and forwarding services, strengthen local transport networks, and revitalise the moribund manufacturing sector. It would also expand opportunities for youth employment — a pressing concern in a state where unemployment reportedly hovers around 32 per cent, according to the National Bureau of Statistics (NBS).
Yet, the challenge lies not in capacity but in policy. For years, Nigeria’s maritime economy has been suffocated by excessive centralisation. Successive governments have prioritised Lagos at the expense of other viable ports, creating a traffic nightmare and logistical bottlenecks that cost importers and exporters billions annually. The governor’s call, therefore, is a plea for fairness and pragmatism.
Making Lagos the exclusive maritime gateway is counter productive. Congestion at Tin Can Island and Apapa has become legendary — ships often wait weeks to berth, while truck queues stretch for kilometres. The result is avoidable demurrage, product delays, and business frustration. A more decentralised port system would spread economic opportunities and reduce the burden on Lagos’ overstretched infrastructure.
Importers continue to face severe difficulties clearing goods in Lagos, with bureaucratic delays and poor road networks compounding their woes. The World Bank’s Doing Business Report estimates that Nigerian ports experience average clearance times of 20 days — compared to just 5 days in neighbouring Ghana. Such inefficiency undermines competitiveness and discourages foreign investment.
Worse still, goods transported from Lagos to other regions are often lost to accidents or criminal attacks along the nation’s perilous highways. Reports from the Federal Road Safety Corps indicate that over 5,000 road crashes involving heavy-duty trucks occurred in 2023, many en route from Lagos. By contrast, activating seaports in Rivers, Warri, and Calabar would shorten cargo routes and save lives.
The economic rationale is clear: making all seaports operational will create jobs, enhance trade efficiency, and boost national revenue. It will also help diversify economic activity away from the overburdened South West, spreading prosperity more evenly across the federation.
Decentralisation is both an economic strategy and an act of national renewal. When Onne, Warri, and Calabar ports operate optimally, hinterland states benefit through increased trade and infrastructure development. The federal purse, too, gains through taxes, duties, and improved productivity.
Tin Can Island, already bursting at the seams, exemplifies the perils of over-centralisation. Ships face berthing delays, containers stack up, and port users lose valuable hours navigating chaos. The result is higher operational costs and lower competitiveness. Allowing states like Rivers to fully harness their maritime assets would reverse this trend.
Compelling all importers to use Lagos ports is an anachronistic policy that stifles innovation and local enterprise. Nigeria cannot achieve its industrial ambitions by chaining its logistics system to one congested city. The path to prosperity lies in empowering every state to develop and utilise its natural advantages — and for Rivers, that means functional seaports.
Fubara’s call should not go unheeded. The Federal Government must embrace decentralisation as a strategic necessity for national growth. Making Rivers’ seaports work is not just about reviving dormant infrastructure; it is about unlocking the full maritime potential of a nation yearning for balance, productivity, and shared prosperity.
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