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Editorial

Kudos, EFCC, But…

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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.

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Editorial

Democracy, Losing Its Relevance 

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Twenty five years of democracy in our country have unfortunately brought about a culture of insecurity due to various factors such as ethno-religious bigotry, power imbalances, institutional collapse, corruption, and economic decline. Despite the historic June 12, 1993 presidential election being hailed as the freest and fairest, the promises of hope and progress have not been fully realised. This raises the question of the necessity for Democracy Day and democracy in general.
Given the current challenging circumstances, Nigeria needs to build on its past successes and strive towards becoming a leading democratic nation. There is no time to waste, as the Human Development Index shows real room for improvement. The state of petroleum refining, which serves as the country’s main economic foundation, has declined rapidly and requires immediate action. Additionally, the unprecedented depreciation of the national currency must be addressed.
The escalation of corruption within the nation is a pressing issue that continues to worsen, especially with the blatant looting of state funds by politicians. The actions of various administrations have shown autocratic and draconian tendencies, often displaying a lack of accountability and respect for the rule of law. The authorities must address this growing problem and hold those responsible accountable for their actions.
Nepotism and cronyism have become widespread, with individuals using their influence to secure competitive political positions for their family members. This practice goes against democratic principles and undermines the merit-based system. Additionally, there has been a rise in industrial actions, such as strikes initiated by the Academic Staff Union of Universities (ASUU), which further disrupt the democratic process.
It is time for Nigerians to shift their focus from lamenting to taking action towards progress. Nigeria is a country rich in potential and resources, and it is unacceptable for us to continue to be held back by the current state of affairs. Rather than dwelling on past mistakes, we must come together to reflect on our challenges and take decisive steps towards rebuilding a better future.
Furthermore, it is essential to understand the importance of June 12 in relation to leadership and utilise these lessons to accomplish our goals. One key takeaway is the role of the Independent National Electoral Commission (INEC) in ensuring fair and unbiased elections. INEC must view this responsibility as both a duty to the nation and a moral imperative.
Another valuable takeaway is that politicians must view their political positions as a service to the nation rather than a means for their advancement. It is critical for political participation to be approached with ethical and moral principles at the forefront, as it holds essential societal value.
June 12 serves as a reminder of the vital role leadership plays in making tough decisions that may not always align with personal beliefs. It highlights the need for courage and the ability to prioritise the greater good over personal interests. This lesson is particularly relevant for Nigeria’s current government and its officials, who must engage with the public and make decisions that benefit the country.
The lessons of June 12 are a reminder for all Nigerians, especially lawmakers, who have the duty to protect democracy. Unfortunately, there has been a departure from the core principles of democracy in Nigeria, with disrespect for the rule of law and judicial processes, blatant impunity, and a disregard for human rights and dignity. We must reflect on these lessons and work towards upholding democracy and the values it stands for.
Political leaders and public service managers have to provide the necessary tools for our lawmakers to rejuvenate democratic practices. Legislators need to be intellectually, emotionally, psychologically, and physically prepared to succeed. They should demonstrate a strong understanding of democratic principles and values, a willingness to engage with constituents, and an openness to different perspectives to advance democracy.
We cannot overstate the importance of June 12, as it reveals the link between Nigeria’s present social, economic, and political challenges and the corrupt ruling class, as well as the indifferent middle class. As we commemorate Democracy Day today, we must empower ourselves to not only recognise but also utilise our power to decide and mold our future.
Nigerians should ensure that political aspirants go through genuine democratic processes to exercise their freedom. Citizens must be educated on their civic responsibility and mentor youths towards social engagement. The people should also hold local government administrators accountable for the purpose of implementing result-driven policies.
All must adopt an active role in government at all levels. Community leaders and young people can collaborate to organise peaceful protests, petitions, and marches when infrastructure is not up to par. Obtaining a voter card and participating in elections is required to prevent corrupt political figures from forcing unqualified candidates into office.
Civil society played a vital role in the struggle for rights during the military dictatorship, and their achievements should inspire us today. It is essential for the current generation to take up the mantle and strive for justice and equality. The media must act as a watchdog against tyranny and protect the public interest.
Youth are often the most let down group in society, and it is time to act. The #EndSARS protests demonstrated the determination, articulateness, and composure of young activists. Quitting is not an alternative – they must step up and take charge. They should draw inspiration from the courageous youth in South Korea, Taiwan, and Hong Kong, who continued their fight despite facing harsh repression from their governments.
There is a need for Nigerians to assert their rights and sovereignty through all legal means possible. Neglecting to do so will lead to a deterioration of the current situation and the eventual downfall of the state. We must uphold the ideals of June 12 as a representation of our democratic hopes and utilise it as a unifying factor for genuine national unity.

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Editorial

Fubara’s Scorecard: So Far, So Good 

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One of the primary issues that the federal and state governments have been facing recently is the increasing cost of living, mainly caused by the depreciation of the naira. This has resulted in financial difficulties for many Nigerians, leading to demands for the leaders to seek out new sources of revenue apart from oil. They need to be creative and adopt tactics that can enhance their revenue sources and ease the financial strain on their people.
However, the past year in Rivers State had been a whirlwind of events, with the government working diligently to bring happiness to the people. Governor Siminalayi Joseph Fubara has addressed numerous challenges despite the ongoing political crisis that presents a huge obstacle for the administration. This situation is worrisome and has the potential to shift any leader’s focus away from their goal of serving the people, no matter how well-intentioned.
Fubara believes that development is not just a matter of chance, but a conscious effort to address the needs of the people. Over the past year, he has initiated numerous development projects with the goal of enhancing the quality of life for residents. Since taking office on May 29, 2023, he has been proactive in realising his vision for the state. He is ensuring that his plans are carried out efficiently by appointing capable individuals to key positions.
His determination to bring his vision to life was clear when he presented a bill to the Rivers State House of Assembly for approval of his legacy project – the Port Harcourt Ring Road. The 50.15 km dual carriageway project, estimated to cost N200 billion, aims to connect six local government areas in the state. It will feature six flyovers, a river crossing bridge, and 19 rotary intersections and roundabouts, with the goal of fostering the development of new cities and easing traffic congestion in Port Harcourt and Obio/Akpor Local Government Areas.
To celebrate his first year in office, the Rivers State Government set aside 20 days for a series of activities. The Governor inaugurated and launched 10 projects in various local government areas as part of the festivities. The event kicked off on May 14th with the inauguration of the Ebubu-Eteo (old Bori) Road, providing an alternative route to the Eleme axis of the East-West Road.
Several projects have been officially launched in Rivers State, including the Elele–Omoku Road, Emohua–Kalabari (Tema Junction) Road, Okania–Ogbogoro Road, and Trans-Kalabari Road Phase II. Projects that have been commissioned include the Ogoni–Andoni–Opobo Unity Road (Andoni Section), Egbeda internal roads, Phase I of the Port Harcourt Electrical Village and the flag-off of its Phase II, as well as the dualised Omoku–Egbema Road. These projects are focused on enhancing infrastructure and connectivity in the state, offering improved transportation options for residents and driving economic development.
An economic summit was organised in the state to boost internal revenue, attract investors, and create employment opportunities for the youth. Beyond improving infrastructure, there is a focus on revitalising the civil service, and hiring 10,000 new employees. The government has allocated N4 billion to support businesses in the nano sector and small and medium enterprises, providing funding ranging from N400,000 to N10 million each. This initiative is being carried out through the Rivers State Micro Finance Agency and Nigeria’s Bank of Industry for technical support.
Another vital achievement that sets His Excellency Fubara apart is the astronomical increase in the monthly Internally Generated Revenue (IGR) of the state since May 29, 2023. The administration has successfully raised the IGR from N12 billion to N27 billion monthly, representing an increase of over 100 per cent. This impressive growth trajectory suggests that the annual IGR is on track to reach N324 billion.
Before His Excellency, Sir Fubara, assumed office as governor in May 2023, the annual IGR of Rivers State in 2022 was N172.8 billion, with an average monthly IGR of N14.4 billion, as reported by Nigeria’s National Bureau of Statistics (NBS). In 2021, the state’s annual IGR was N123.3 billion, averaging N10.3 billion per month. The IGR was N117.2 billion in 2020 and N169.6 billion in 2019.
Notwithstanding the numerous challenges, the Governor has made considerable progress in education by implementing innovative measures in schools and providing a new convocation arena for the University of Port Harcourt. He has also shown commitment to the welfare of the people by providing free buses to offset the effects of fuel subsidy removal.
Local government employees have received their promotions, minimum wage, and wage bonuses. Fubara’s timely visit to the state secretariat complex underscores his dedication to public service as a crucial element in government operations. The complex, currently undergoing renovations, now boasts functional elevators, lighting, and water supply. Despite the huge debts left by the last administration, the Governor has assured that he would complete all projects that benefit the people, which were initiated by previous administrations.
The accomplishments achieved by the present government in just one year of rule are unparalleled. The rapid progress in infrastructure development within such a short period is a clear indication of his capability, despite various attempts to derail his efforts. Fubara recently informed Rivers people that true governance only commenced three months ago, when he decided to confront his predecessor’s challenges head-on.
Undoubtedly, the Governor’s leadership embodies qualities such as patience, wisdom and a commitment to peace, essential for conflict resolution and unity in Rivers. Under his guidance, there is hope for a future, marked by progress and prosperity, devoid of discord and division. As we mark this critical milestone, we implore all to prioritise peace, forgiveness and inclusiveness.

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Editorial

Fubara’s Scorecard: So Far, So Good 

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on

One of the primary issues that the federal and state governments have been facing recently is the increasing cost of living, mainly caused by the depreciation of the naira. This has resulted in financial difficulties for many Nigerians, leading to demands for the leaders to seek out new sources of revenue apart from oil. They need to be creative and adopt tactics that can enhance their revenue sources and ease the financial strain on their people.
However, the past year in Rivers State had been a whirlwind of events, with the government working diligently to bring happiness to the people. Governor Siminalayi Joseph Fubara has addressed numerous challenges despite the ongoing political crisis that presents a huge obstacle for the administration. This situation is worrisome and has the potential to shift any leader’s focus away from their goal of serving the people, no matter how well-intentioned.
Fubara believes that development is not just a matter of chance, but a conscious effort to address the needs of the people. Over the past year, he has initiated numerous development projects with the goal of enhancing the quality of life for residents. Since taking office on May 29, 2023, he has been proactive in realising his vision for the state. He is ensuring that his plans are carried out efficiently by appointing capable individuals to key positions.
His determination to bring his vision to life was clear when he presented a bill to the Rivers State House of Assembly for approval of his legacy project – the Port Harcourt Ring Road. The 50.15 km dual carriageway project, estimated to cost N200 billion, aims to connect six local government areas in the state. It will feature six flyovers, a river crossing bridge, and 19 rotary intersections and roundabouts, with the goal of fostering the development of new cities and easing traffic congestion in Port Harcourt and Obio/Akpor Local Government Areas.
To celebrate his first year in office, the Rivers State Government set aside 20 days for a series of activities. The Governor inaugurated and launched 10 projects in various local government areas as part of the festivities. The event kicked off on May 14th with the inauguration of the Ebubu-Eteo (old Bori) Road, providing an alternative route to the Eleme axis of the East-West Road.
Several projects have been officially launched in Rivers State, including the Elele–Omoku Road, Emohua–Kalabari (Tema Junction) Road, Okania–Ogbogoro Road, and Trans-Kalabari Road Phase II. Projects that have been commissioned include the Ogoni–Andoni–Opobo Unity Road (Andoni Section), Egbeda internal roads, Phase I of the Port Harcourt Electrical Village and the flag-off of its Phase II, as well as the dualised Omoku–Egbema Road. These projects are focused on enhancing infrastructure and connectivity in the state, offering improved transportation options for residents and driving economic development.
An economic summit was organised in the state to boost internal revenue, attract investors, and create employment opportunities for the youth. Beyond improving infrastructure, there is a focus on revitalising the civil service, and hiring 10,000 new employees. The government has allocated N4 billion to support businesses in the nano sector and small and medium enterprises, providing funding ranging from N400,000 to N10 million each. This initiative is being carried out through the Rivers State Micro Finance Agency and Nigeria’s Bank of Industry for technical support.
Another vital achievement that sets His Excellency Fubara apart is the astronomical increase in the monthly Internally Generated Revenue (IGR) of the state since May 29, 2023. The administration has successfully raised the IGR from N12 billion to N27 billion monthly, representing an increase of over 100 per cent. This impressive growth trajectory suggests that the annual IGR is on track to reach N324 billion.
Before His Excellency, Sir Fubara, assumed office as governor in May 2023, the annual IGR of Rivers State in 2022 was N172.8 billion, with an average monthly IGR of N14.4 billion, as reported by Nigeria’s National Bureau of Statistics (NBS). In 2021, the state’s annual IGR was N123.3 billion, averaging N10.3 billion per month. The IGR was N117.2 billion in 2020 and N169.6 billion in 2019.
Notwithstanding the numerous challenges, the Governor has made considerable progress in education by implementing innovative measures in schools and providing a new convocation arena for the University of Port Harcourt. He has also shown commitment to the welfare of the people by providing free buses to offset the effects of fuel subsidy removal.
Local government employees have received their promotions, minimum wage, and wage bonuses. Fubara’s timely visit to the state secretariat complex underscores his dedication to public service as a crucial element in government operations. The complex, currently undergoing renovations, now boasts functional elevators, lighting, and water supply. Despite the huge debts left by the last administration, the Governor has assured that he would complete all projects that benefit the people, which were initiated by previous administrations.
The accomplishments achieved by the present government in just one year of rule are unparalleled. The rapid progress in infrastructure development within such a short period is a clear indication of his capability, despite various attempts to derail his efforts. Fubara recently informed Rivers people that true governance only commenced three months ago, when he decided to confront his predecessor’s challenges head-on.
Undoubtedly, the Governor’s leadership embodies qualities such as patience, wisdom and a commitment to peace, essential for conflict resolution and unity in Rivers. Under his guidance, there is hope for a future, marked by progress and prosperity, devoid of discord and division. As we mark this critical milestone, we implore all to prioritise peace, forgiveness and inclusiveness.

Continue Reading

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