The Chief of Defence Staff (CDS), Gen. Abayomi Gabriel Olonisakin, has canvassed alternative ways of funding military operations in the country.He opined that it would greatly assist in building Armed Forces that will be able to meet up with contemporary warfare and ensure more effective performance of constitutional roles.
Olonisakin, who disclosed this yesterday in Abuja while addressing members of the Senate Committee on Defence who visited the Defence Headquarters, said budgetary provisions alone could not adequately fund the requirement of the armed forces.He said: “In order to carry out constitutional duties effectively, the armed forces of Nigeria require requisite platforms, which need to be regularly upgraded to meet the ever-changing threats to our nation.
“The financial investments required to effectively equip the armed forces and provide adequate welfare as motivating factor for its personnel are high. Obviously, budgetary provisions alone cannot adequately fund the requirement of the armed forces.In his remarks, Chairman, Senate Committee on Defence, Abubakar Kyari, said the armed forces had achieved a great feat in the war against insurgency.
Besides, the CDS has said that no nation in the world can enforce on the people except the warring factions themselves agree to accept peace in the first instance.He noted that the army or the military does not go to war but that it is the nation that goes to war and uses its military.
Olonisakin, represented by the Director, Defence Information, Brig.-Gen. John Agim, stated this yesterday at Plateau Youth Summit organised by the Operation Safe Haven (OPSH) in collaboration with Civil-Military Relief Initiative with the theme, “Re-energising the Potentials of Plateau Youths for Positive Development” at Hill Station Hotel Conference Hall, Jos.
The Chief of Defence Staff, who commended the OPSH Commander, Maj.-Gen. Augustine Agundu, for the bold initiative in carrying out the responsibility of the command to details, said that was the only way that warring people would come together on their own after seeing what would happen if they continue with the fight and come to a mutual agreement to stop fighting.
Meanwhile, a pro-democracy and non-governmental organisation, Human Rights Writers Association of Nigeria (HURIWA), said the call by some civil society organisations (CSOs) asking the military to provide information on its spending is a distraction to the ongoing fight against Boko Haram terrorists in the North-East.
It also called on the military authority not to order the closure of the offices of the Amnesty International (AI) in Nigeria, adding that what the military ought to do is to look at the merits and demerits of the report by AI.
National Co-ordinator of the association, Emmanuel Onwubiko, who spoke at a press briefing yesterday in Abuja, urged the CSOs in the country to refrain from asking about the military spending on the counter-insurgency war saying they (military) needs to be commended in ensuring that the security of life and property are protected.
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.