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EFCC under fire for concealing identity of rogue ex-NDDC boss

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The Economic and Financial Crimes Commission probably expected public applause for retrieving N250 million from a former Managing Director of the Niger Delta Development Commission( NDDC).

But the commission has got public condemnation instead of concealing the identity of the rogue former NDDC boss.

The EFCC in a statement Friday announced the final forfeiture of the amount to the Federal Government.

It said Justice R.M Aikawa of the Federal High Court sitting in Lagos, recently granted the order, based on an application by the Lagos zonal office of the Economic and Financial Crimes Commission( EFCC).

The EFCC had approached the court, seeking the forfeiture of the fund, arguing that it was traced, recovered, and reasonably suspected to be part of the proceeds of unlawful activities.

Specifically, an investigation by the Commission revealed that a contractor with the NDDC received funds for a purported contract and transferred N250million, suspected as kickbacks, to a real estate company, for the acquisition of a property in favour of the former MD of the NDDC.

The EFCC, armed with enough facts and figures involved in the transaction, approached the court for the forfeiture of the money to the government.

Justice Aikawa granted the order of final forfeiture accordingly.

But who are the contractor and the ex-NDDC managing director?

“The former MD no get name? Abi his name na ‘Former MD?
If na small yahoo boys now, una go carry placard tie round his neck with the names of all his village people + ancestors on the board”, tweeted Okechukwu Onoh.

A furious Michael Ekpo asked the EFCC to withdraw the report.

“Whoever is in charge of this handle as Admin should be queried.
@officialEFCC. This news item is unacceptable, a fraud and should be immediately deleted. The NAME of the said MD must either be mentioned or the story taken down. We must do the proper thing and ensure the fight…”, he wrote.

Jerry Ohonsi said the EFCC has lost its credibility on the report.
“you people are not credible at all, if it was a boy that is trying to meet up with his love for now, una go carry laptop put for hin hand snap with motor for background. The NDDC MD no get name and face abi. Una be scam to this country. No wonder una oga self na thief”, he wrote on Twitter.

The EFCC got the same reactions on Instagram.

“This former NDDC MD doesn’t have a name or he’s ghost or y’all afraid to call him out?”, asked Jeffrey Aluefua.

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NIGERIA

No going back on Water Resources Bill – FG

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The Federal Government has declared it will go ahead with the Water Resources Bill.

Minister of Information and Culture Lai Mohammed told reporters the bill was not designed to cause water wars in the country.

He said the bill is a panacea to likely water conflicts in the country.

He said critics of the bill have either not read it or might be mischievous.

He said there is no hidden agenda behind the bill.

He said it is not a subterfuge reintroduction of RUGA.

Mohammed made the clarifications at a joint briefing with the Minister of Water Resources, Engr. Suleiman Adamu in Abuja.

He said: “There is nothing new about the National Water Resources Bill. This is because it is an amalgamation of Water Resources Laws that have been in existence for a long time.

These are:

– Water Resources Act, Cap W2 LFN 2004

– The River Basin Development Authority Act, Cap R9 LFN 2004

– The Nigeria Hydrological Services Agency (Establishment) Act, Cap N1100A, LFN 2004

– National Water Resources Institute Act, Cap N83 LFN 2004

“So, why are the laws being re-packaged as the National Water Resources Bill 2020?

“The answer is that they are being re-enacted with necessary modifications to bring them in line with current global trends as well as best practices in Integrated Water Resources Management (IWRM).

“The overall objective of this amalgamation is the efficient management of the Water Resources Sector for the economic development of Nigeria and the well-being of its citizens.

“The Bill provides for professional and efficient management of all surface and ground water for the use of the people (i.e. for domestic and non-domestic use, irrigation, agricultural purposes, generation of hydro-electric energy, navigation, fisheries and recreation).

“The Bill will ensure that the nation’s water resources are protected, used, developed, conserved, managed and controlled in a sustainable manner for the benefit of all persons.

“Critics contend that the Bill is aimed at taking the resources of a certain part of the country for the use of herders. In other words, the Federal Government is seeking to implement RUGA by subterfuge.

“We also want to state that the Bill is for the good of the nation, and has no hidden agenda whatsoever.”

Adamu said the bill was sent to all the states for concurrence without any object.

He said the bill predated the administration of President Muhammadu Buhari.

He said:” This was never a Buhari bill, it is a bill for Nigeria. It started 2008 long before the President thought of winning election.”

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NIGERIA

#Fuel hike: No going back on strike, protest – NLC

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The Nigeria Labour Congress has vowed to proceed with its planned strike and protest with effect from September 28 following the failure of the Federal Government to reverse the hike in electricity tariff and fuel price.

Rising from its National Executive Council meeting in Abuja a few minutes ago, the NLC President, Ayuba Wabba, said the proposed action by the organised labour would proceed from next week.

He stated that the decision was unanimously taken by the chairmen of the 36 states and FCT chapters of the NLC.

Details later…

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Business

#Technology: Sanusi Urges Youths To Explore and not Rely on Government

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The Former Central Bank Governor, CBN, Mohammed Sanusi (II), has urged Nigeria youths not to rely on government but to explore and create opportunities for themselves, especially with technology.

The former CBN governor who was the guest speaker on the second day of the Kaduna Investment Summit explained that over-reliance on oil has left the country unproductive.

“We need to think over and over again as to how we understand economics and what we see. How do we understand technology or electricity are we consumers or are we producers and that’s why investment in human capital is so important.

“Produce young men who know that they are worth more than just using their phone to import a pair of shoes,” he said.

Sanusi said Nigeria has to take economic diversification more seriously in order to experience growth and development.

Referencing Malaysia, Sanusi gave a breakdown of the economic growth of both countries within a 30-year period.

According to him, for Nigeria “there was an increase in wealth but without any structural transformation”.

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“We were growing but we did not diversify and that explains the huge levels of poverty in the country, it explains the huge levels of inequality in the country, it explains the vulnerability of the economy to shocks, it also explains the relatively slow pace of growth because when Malaysia started, they started from a GDP per capita level lower than Nigeria’s GDP per capita in 1985. It started from $310 to $4,045 while we started from $345 to $2,055”.

He also stressed the importance of the government creating the right environment and infrastructure for private businesses to thrive.

The former CBN governor who is also the Vice-Chairman of the Kaduna Investment Promotion Agency noted that with the right environment, the country can move away from being only consumers to producers of technology.

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