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Day: June 14, 2023

Abdulrasheed Bawa

Tinubu suspends EFCC boss Abdulrasheed Bawa indefinitely

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President Bola Ahmed Tinubu has approved the indefinite suspension from office of Mr. AbdulRasheed Bawa, as the Chairman, Economic and Financial Crimes Commission (EFCC).

In a statement by the Office of the Secretary to the Government of the Federation, the president ordered Bawa’s suspension to allow for proper investigation into his conduct while in office.

There have been many weighty allegations against the anti-corruption Czar, including an allegation by the former governor of Zamfara, Bello Matawalle.

He claimed that Bawa demanded $2million dollars from him and that he had the man on tape..

There have also been weighty allegations of abuse of office levelled against him.

Willie Bassey, Director of Information said Bawa has been directed to immediately handover the affairs of his office to the Director, Operations in the Commission.

The director will oversee the affairs of the Office of the Chairman of the Commission pending the conclusion of the investigation.

Nigerian stock market

Nigerian Stocks gain One Trillion Naira in one day.

The Nigerian Exchange (NGX) closed positive at the end of today’s trading session, rising for the second day by 3.13 per cent, and boosting stock value by almost one trillion naira.

The All Share Index ASI closed at 59,985.10 as against the 3.99% rise on Tuesday, when the ASI reached 58,163.55 index points.

ASI was 55,738.35 on 30 May this year, a day after President Bola Tinubu took over and announced investor-friendly measures.

Today’s rise may have been ignited by reports that the CBN had given banks the green light to trade freely in foreign exchange.

The market capitalization of equities appreciated by N992 billion to close at N32.662 trillion, a 3.13% gain compared to the N31.670 trillion recorded in the previous trading session.

Market breadth closed positive as many stocks soared higher.

Airtel Africa increased from N1196 to N1289 and AccessCorp rose from N13 to N14.30. The most capitalised stocks, MTNN and Dangote Cement also rose.

Dangote Cement closed at N286 and MTNN at N259.

Other risers are UBA N10.90, Flour Mills N34.75 from N33.10; GTCO and Zenith Bank from N28 to N30.80.

Sterling Bank rose for the second day to trade at N2.50 from N2.28. FCMB also rose from N4.59 to N5.00.

Agricultural stocks such as Okomu and Presco Plc also gained more value. Okomu rose from N199 to N215, while Presco leapt from N166.90 to N178.

Senate President Godswill Akpabio

Nigerian Senate adjourns plenary until July 4

The Senate on Wednesday, adjourned plenary until July 4. This followed the adoption of a motion by Deputy President of Senate, Sen. Barau Jubril.(APC-Kano) at Wednesday’s plenary.

Senate earlier approved a motion informing President Bola Tinubu that a quorum of the 10th Senate had been assembled and that the Presiding Officers had been elected.

It also adopted a motion to write letters of congratulatory messages to the Speaker and Deputy Speaker of House of Representatives on their election.

The letters will also notify them of the election of the President and Deputy President of the Senate.

It also at plenary adopted a motion to write to international parliamentary bodies informing them that a quorum of the 10th Senate had been assembled and that the Senate was ready to receive communication.

The bodies included the African Union (AU), ECOWAS Parliament, Common Wealth Parliamentary Association (CWPA),Inter-Parliamentary Union (IPU) among others.

Tinubu signing the students loan law

Loan disbursement to students begins September

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The Federal Government said it is working out modalities to begin students loan between September and October 2023.

The Permanent Secretary, Federal Ministry of Education, David Adejo, disclosed this in Abuja on Wednesday while addressing newsmen on the bill signed by President Bola Tinubu.

President Tinubu on Monday signed into law the Student Loan Bill in fulfilment of a promise he made during his campaign.

The student loan bill sponsored by the Speaker of the 9th House of Representatives, Femi Gbajabiamila, provides for interest-free loans to indigent Nigerian students.

Adejo said the law would provide easy access to higher education for indigent Nigerians through interest-free loans from the Nigerian Education Loan Fund.

The loan, he said, covers students in private and public schools.

He said that President Tinubu had also approved a committee made up of ministries and agencies to see to the fruition of the loan scheme.

According to him, the bill is to make sure that every Nigerian has access to higher education through what the Higher Education Nigerian Bank.

“Learning from past mistakes, the bank is not going to be the type that will sit down and be collecting application loans.

”It will also perform normal banking functions and make sure loans are given because we had cases of loan recovery in the past.

“The Act as it is tells us the process, but as I speak with you today, the president has approved the committee made up of the ministries and agencies and their meeting will be coming up on June 20.

“The president has also directed that by September to October this 2023/2024 academic session, he wants to see recipients of these loans. So it is a very serious march for us so between now and then we have to work out the process for people to get the loan,” he said.

The Permanent Secretary also said government would create a specialised bank for the operation of the loans, noting that there would be a tracking system for efficient smooth running of the loans scheme.

He said this would cover both students in Private and public schools, adding that the government would also create a new bank for it.

“We are not going to use existing banks. We are going to create a new bank that will address this because we can’t use an existing bank.

“We don’t want to make it that only people who want to go to public schools will benefit from it, private schools are paying tuition so you have to give them the opportunity.

“The loan is for you to get an education programme and get employed, then you start paying back. The loan recovery does not start until you get employed.

While commending President Tinubu for this stride, Adejo said: ”Our current president today is a job creator from his experience from the private sector and he has given us policy direction and job creation is one of the things he is going to do, even though you cannot create job for every body.”

President Tinubu

APC to Amnesty: Tinubu Alive to his responsibilities

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ABUJA, FCT
JUNE 14, 2023

PRESS STATEMENT

*INSECURITY: PRESIDENT TINUBU ALIVE TO HIS RESPONSIBILITIES*

The All Progressives Congress (APC) is shocked by the statement by Amnesty International accusing the new government of President Bola Ahmed Tinubu of indifference to the latest killings in some parts of the country, two weeks after he was sworn in.

While we thank Amnesty International for drawing attention to the lingering security challenges in our country especially in Plateau, Kaduna, Benue and Zamfara, we find its conclusion hasty and inconsiderate.

During his inaugural speech, President Bola Tinubu said clearly that security will be the topmost priority of his administration and he promised to reform the nation’s security doctrine and architecture.

He promised in categorical terms that Security shall be the top priority of our administration because neither prosperity nor justice can prevail amidst insecurity and violence. To effectively tackle this menace, we shall reform both our security DOCTRINE and its ARCHITECTURE. We shall invest more in our security personnel, and this means more than an increase in number. We shall provide, better training, equipment, pay and firepower. President Tinubu demonstrated he prioritised security, when few days after he was sworn in, he met with his inherited security chiefs.

He gave marching orders to them to redouble efforts in dealing with the menace of terrorism, insurgency, banditry, oil theft, sea robbery and piracy among others that have conspired to weigh down the nation.

President Tinubu decried the persistent security breaches in the country and said he would not allow insecurity challenges to bring Nigeria to its knees while other countries are advancing.

It is therefore uncharitable and inconsiderate of Amnesty International through its Acting Nigeria Country Director, Isa Sanusi, to accuse the new government that is just settling down of dereliction of duty.

Amnesty International is known for stoking internal conflict and citizen antagonism in developing nations through weaponisation and accentuation of local situations to achieve its sinister objectives while hypocritically looking the other way when similar incidents occur in developed nations, especially in the Western world.

Many nations in the world, including the Inited States of America are today bedevilled by insecurity. By the end of May 2023 almost 20,000 people have died cumulatively as a result of gun violence and other violent crimes in America. In the first 150 days of 2023, America has recorded 263 mass shootings, with hundreds of death yet Amnesty International has not been on the mountain top to accuse US government of dereliction of duty. That mass shooting and gun violence have become an epidemic in US does not make the American government a failure in protecting its people or make mass shootings a ‘norm’ in the country. Every government is daily devising means and ways to tackle rapidly changing security problems.

In United Kingdom there is growing and daily menace of knife crimes. In 2022 alone, UK police recorded 49,265 offences involving knives and other sharp instruments and 46,334 in 2021. In Nottingham, a mass shooting in the city centre claimed three victims. Amnesty International has not accused UK government of failure to protect her citizens.

The isolated cases of shooting that are now several decades old in our country, will need methodical and strategic thinking to ensure normalcy.
No organisation should gloat over these unfortunate incidents. It’s too early for such unsympathetic reaction.

Amnesty International and its affiliates are advised to give the young government some time to work things out, in consonance with its pledge to our people, rather than rushing out with its jaded diatribe against the Nigerian government and its security authorities.

President Bola Tinubu and his team are settling down to solving many of our national challenges across various sectors. Amnesty International should allow this government to do its work without their usual condescending hypocrisy.

SIGNED:
*Barr. Felix Morka*
National Publicity Secretary
All Progressives Congress (APC)

Boat accident in Kwara

Tinubu mourns victims of Kwara boat accident, orders probe

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President Bola Tinubu has expressed sadness over the boat mishap, which occurred in Kwara State, claiming many lives.

The boat accident according to reports, led to the death of over 100 people who were wedding guests at Egbu village in Patigi Local Government Area of the state.

“I am deeply saddened by the news of the tragic boat accident that claimed the lives of our people in Kwara State. That the victims were guests at a wedding ceremony made the unfortunate accident more painful.

“My heartfelt sympathy and condolences to the families and friends of victims of the tragic mishap. I also sympathise with the government and people of Kwara State over the accident. May all loved ones find comfort,” the President prayed.

While urging the Kwara State Government and relevant Federal Government agencies to look into the circumstances surrounding the boat accident, President Tinubu promised that his administration would look into the challenges of inland water transportation in the country to ensure the matter of safety and operational standards are strictly adhered to.

“The Kwara State Government and relevant federal agencies should work together to unravel the immediate and remote causes of this unfortunate accident. Immediate relief and necessary assistance should also be provided to the survivors and families of victims,” the President said

Buba Galadima

Tinubu an action man making Nigeria better: Buba Galadima

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Buba Galadima, a chieftain of the New Nigeria Peoples Party, NNPP, has described President Bola Tinubu as an action man working to make Nigeria a better place.

Galadima said the decisions Tinubu had taken as President had indicated that he’s determined to make Nigeria a better place.

Speaking in Abuja, the NNPP chieftain urged the President to maintain the tempo, Daily Post reports.

According to Galadima: “For those of us who have been in trenches in politics for the last 45 years, you will know that this time around the difference is clear.

“We do appreciate Mr President and so far he hasn’t disappointed us for having been on the right track so far.

“We do pray and hope that the action man will continue the work he is doing to make Nigeria a better place for us.”

About

Senator Bola Ahmed Tinubu is a man of many traditional honours across the country, from north to south, west to east. The array of titles he has garnered was only comparable to that of Chief Moshood Abiola, winner of the 1993 Presidential election.

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