By Anjorin Usman,
President Muhammadu Buhari has alerted Nigerians and the international community of threats by corrupt elements in the country to frustrate the smooth conduct of this year’s general elections, which begin with the presidential and National Assembly polls on Saturday. He therefore charged the citizens and other stakeholders to be on guard to ensure that the elections are conducted in an atmosphere devoid of chaos so that Nigeria can forge ahead. To the electorate, the president said that he still has much to offer them in the areas of good governance, security and economic prosperity and urged them to vote for him as they did in 2015 so that he can finish the “unfinished job.” Buhari, in an article titled: “Corruption threatens Nigeria and its elections,” yesterday, said that his administration had made significant progress in the fight against corruption. The president asserted that any policy programme which does not have fighting corruption in Nigeria at its core is destined to fail. He noted that because of the vested interests at play in the country, fighting corruption had been difficult, stressing that by way of their looting, the corrupt have powerful resources at their disposal. Buhari said: “On February 16, Nigeria will hold a general election. Four years ago, the country experienced its first democratic transfer of power to the opposition since 1999. The vote in a few days will be no less significant. “As president, I have tried to judiciously exercise the trust vested in me to combat the problems of corruption, insecurity and an inequitable economy. All are important. But amongst them, one stands above the others, as both a cause and aggravator of the rest. It is, of course, corruption. “A policy programme that does not have fighting corruption at its core is destined to fail. The battle against graft must be the base on which we secure the country, build our economy, provide decent infrastructure and educate the next generation. “This is the challenge of our generation: the variable on which our success as a nation shall be determined. But the vested interests at play can make this fight difficult. By way of their looting, the corrupt have powerful resources at their disposal. And they will use them. For when you fight corruption, you can be sure it will fight back,” he said. The president declared that corruption even threatens to undermine the February’s poll and – by extension – the country’s democracy. According to him, the Economic and Financial Crimes Commission (EFCC) has raised concerns over laundered money being funnelled into vote-buying, noting that this is the problem of corruption writ large. He added that “it illustrates how it lurks in all and every crevice of public life, manipulating due process in pursuit of self-preservation and perpetuation; protecting personal political and economic interests at the expense of the common good.” President Buhari said that those who have criticised his administration’s anti-corruption drive are those who oppose its mission, adding that “though their lawyers may craft expensive alibis, they cannot escape that which binds them together: a raft of documents and barely legal (some clearly illegal) mechanisms – whether that be the Panama Papers, United States (US) Congress reports, shell companies or offshore bank accounts. “Corruption corrodes the trust on which the idea of community is founded, because one rule for the few and another for everyone else is unacceptable to anyone working honestly. But as we have intensified our war on corruption, so we have found that corruption innovates to resist the law. This is not the sole domain of those Nigerians, but the international corruption industry: the unsavoury fellow-traveller of globalisation. “Once the enablers are let in – as they have been in the past – the greed of those they collude with grows. We have closed the door on them, but unfortunately, there still remain individuals who are willing to open the windows.” Stating that concrete progress has been made, he, however, added that there is still much to do, saying his administration had repatriated hundreds of millions of dollars stowed away in foreign banks. He said that these funds had been transparently deployed on infrastructural projects and used to directly empower the poorest in society. Buhari who said more is still to come from Nigeria’s international partners in France, the United Kingdom (UK) and the US, added that yet the hundreds of billions sifted out of the country for the best part of this century promise more. According to him, “we have secured high profile convictions, but greater cases remain. Lawyers table endless objections to obstruct court proceedings, whilst their clients hope it lasts until a ‘friendly’ president is voted into office. “We must continue to tighten the legal framework and ensure the authorities have the investigative powers at their disposal to secure sentences. Only then will we begin to neutralise the advantages the corrupt have,” he said. He said that in the future, more ghost workers will be removed from government payroll as almost $550 million had been saved from identifying phantom employees. The president said that more can be recovered through the federal government’s whistle-blower policy ($370 million has been returned since its launch in 2016), adding that “more is still to come. But, together, we shall prevail over corruption.” …Promises To Protect Nigerians’ Interest Also in video message yesterday, Buhari assured Nigerians that he would continue to protect their interest and deliver on his change agenda. The president said that he would not take Nigerians support for him for granted. According to him, “It’s been over three years since you gave me the mandate to oversee the affairs of our dear country. It’s not been an easy journey but with sincerity of purpose, perseverance, dedication and most importantly support from individuals like you, we have made great progress. “Some of these achievements are visible for everyone to see, some are still in the works. “I hereby humbly ask for your support again in the coming election to enable us to move to the Next Level and consolidate on the successes recorded in making our country a better place. I don’t take your support for granted. We will continue to work to protect your interest and deliver our mandate,” he said. IGP Orders Watertight Security At INEC Offices Meanwhile, the Inspector-General of Police (IGP), Mr. Mohammed Adamu, has ordered a watertight security for all Independent National Electoral Commission (INEC) offices and facilities nationwide. Adamu directed all the commissioners of police in the 36 states of the federation and the Federal Capital Territory (FCT) to put in place “adequate, functional and purposeful security arrangements” aimed at protecting all INEC offices and materials from all forms of crimes and mischief, before, during and after election.
Access Bank Appoints Uche Orji as Independent Non-Executive Director
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
Access Holdings Plc (‘the Company’) is pleased to announce the appointment of Mr. Uche Orji as an Independent Non-Executive Director of its flagship subsidiary, Access Bank Plc (‘the Bank’), effective from January 7, 2025, following the approval of the Central Bank of Nigeria (‘CBN’).
This appointment reflects our commitment to enhancing our governance practices and ensuring a diverse and experienced board.
Mr. Orji is a renowned investment banking professional, information technology entrepreneur, and finance expert with three (3) decades of professional and board experience. He is the Co-founder and Partner of Titangate Capital Management, an equity firm that invests in deep-tech, enterprise software, semi-conductors, hardware, and artificial intelligence companies.
He is the Founder and Director of Vitesse Africa Limited, an investment advisory firm focused on African energy, technology and infrastructure sectors. He serves as an Executive Board member and investor in Ultrasafe AI, an artificial intelligence/IT development firm that maintains strategic collaborations with leading technology companies. He also sits on the Board of Private Infrastructure Development Group, London, and chairs the Risk Committee.
Previously, Mr. Orji served as the founding Managing Director and Chief Executive Officer of Nigeria Sovereign Investment Authority. He held positions as Managing Director and Senior Analyst at UBS Securities Limited New York and Managing Director and Head of European Technology/Semiconductor Equity Research at JP Morgan Securities, London. He also served as Executive Director/Portfolio Manager at Goldman Sachs Asset Management, London. Earlier in his career, he was Acting Financial Controller at Diamond Bank Limited and an Audit Trainee at Arthur Andersen & Co.
He holds a Bachelor of Engineering Degree in Chemical Engineering from the University of Port-Harcourt and a Master of Business Administration from Harvard Business School.
Commenting on the appointment, Mr. Paul Usoro, SAN, the Chairman of the Bank said:
“Mr. Orji has been appointed based on his exceptionally rich professional, academic, and corporate board experience which will be invaluable to the Bank as we continue to pursue our strategic objectives.
We are confident that his addition to the Board would further enrich the quality of our decision-making process, enabling us to deliver even greater value to our customers and stakeholders.
His appointment has been made in accordance with the Bank’s internal policies and has been notified to all relevant regulatory authorities underscoring our commitment to upholding the highest standards of corporate governance.
On behalf of the Board, Management and staff, I warmly welcome Mr. Orji to the Board and look forward to his contributions towards our goal of becoming one of the top 5 African Banks in the shortest possible time.”
Go and List Your Challenges, Lagos Speaker tells NANS Member During Courtesy Visit
AJAGBE ADEYEMI TESLIM
SPONSORED BY: H&H
The National Association of Nigerian Students (NANS), Lagos State University (LASU) branch, on Friday paid a courtesy visit on the Speaker of the Lagos State House of Assembly, Princess Mojisola Lasbat Meranda.
The student representatives said the visit was to congratulate Meranda over her emergence as Speaker of the State Assembly.
Meranda, an alumnus of LASU, was elected Speaker on January 13 after the removal of Mudashiru Obasa by the lawmakers over issues relating to alleged high-handedness and financial impropriety.
Describing her as a thoroughbred Lagosian, the chairman of NANS, Abdulraheem Azeez, used the opportunity to list some of the challenges faced by students in the university.
According to him, students have had to read in darkness as the Ikeja campus gets less than two hours of power supply daily.
Azeez also raised the need for the State to make available loans for indigent students as well as for the Assembly to provide opportunities for students to witness the plenary of the House.
Meranda, while thanking the students for the visit, urged them to always attend town-hall meetings in their constituencies where they can contribute and make their opinions known.
She further encouraged them to apply for the loans initiated by the government as done by students in other countries.
The Speaker requested the students to formally send their complaints in written forms to the House for action.
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede charge members of the National Youth Service Corps, NYSC, to be change agents and strong resisting force against corruption.
He also enjoined them to be active foot soldiers and whistle-blowers or intelligence-gatherers against corruption.
Speaking on Thursday, January 30, 2025 at the NYSC Orientation Camp, Yikpata, Edu Local Government Area of Kwara State, Olukoyede said It is important for youths to realise that, these roles, if performed creditably, will bring up appreciable growth in the economy of our nation. He said that, “creative energies of youths will be maximised when corruption is brought to its knees.”
The EFCC boss whose address was delivered by the Head, Public Affairs Department, Ilorin Zonal Directorate of the EFCC, Ayodele Babatunde said that most of the problem confronting the country such as kidnapping, banditry, poor infrastructure, among others were connected to corruption. He added that all hands must be on the deck to tame the cankerworm.
Olukoyede encouraged the youths to embrace the virtues of hard work and shun fraudulent practices such as cybercrime noting that, “it’s profitable to earn dignity and fame through hard work and legit business.”
While calling on the youths to channel their potentials productively and shun crime, the EFCC Chair said that, “Yahoo-Yahoo is not a sustainable way of life.”
“There is no shortcut to wealth and fame. The fact that the rate of unemployment is high should not be an excuse to resort to crime. Act of criminality might deliver wealth in the short term but there will be misery and gnashing of teeth”, he said.