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INEC Engages EFCC, FIU In Tracking Campaign Funding

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It is no longer business as usual for political parties and their candidates as the Independent National Electoral Commission (INEC) has kept a tab on their campaign funds. INEC specifically engaged the services of the Economic and Financial Crimes Commission (EFCC) and the Financial Investigation Unit (FIU) to track the campaign funds of all the parties and their candidates featuring in the 2019 general elections. The electoral umpire has also drafted the National Broadcasting Commission (NBC), the Nigeria Communication Commission (NCC), the Centre for Social Justice (CSJ), the Nigeria Police Force (NPF) and four other organisations to collaborate with the anti-graft agencies to do a thorough job. These revelations were made yesterday in Abuja during the inauguration of the Inter-agency Campaign Finance Monitoring Group by INEC national commissioner, Prof. Anthonia Okosi-Simbina. She said that the report of the 2019 campaign finances would be released immediately after the upcoming general elections. According to Okosi-Simbina,”we will check newspapers advert, TV, radio, billboards and we must see to the conclusion. Those who spent beyond what the legal framework provides for or spent outrageously will have themselves to blame.” The INEC chief declared that “vote-buying must be monitored too. And those reports must be published after the election. Unlike what happened in the past, six months will be too late for the report to be released. We will ensure compliance with the Electoral Act.” She said all the 10 groups engaged for the tracking of the campaign finances will be working with the electoral finance and party monitoring department of INEC. Similarly, INEC assistant director, Campaign Finance Tracking Unit, Ishaq Garba Aliyu, said that they recorded a milestone in the 2015 campaign finance tracking, adding that the commission would not leave anything to chances in 2019. “We have built the capacity of the staff members. They reviewed the tracking forms to include separate forms for candidates and political parties. The tracking ends on the day of the election,” Aliyu stated. No Politician Teleguiding Our Operations – INEC Meanwhile, INEC has dismissed the insinuations that its management led by Prof. Mahmood Yakubu was being teleguided by some politicians. INEC administrative secretary in Ekiti State, Dr. Muslim Omoleke, stated this yesterday in Ado Ekiti. He said that the commission under Yakubu is truly independent. Omoleke maintained that “no one controls INEC because we are empowered by laws to enjoy financial and administrative autonomy. It is no longer easy for them to control us.” He disclosed that 14 political parties in Ekiti State would participate in the National Assembly elections holding across the country on Saturday. Overall, 73 political parties are featuring in this year’s general elections. The INEC official assured the voters that the smart card readers would record zero failure during the polls, unlike what obtained in past elections, where commission’s personnel had to resort to incident forms for persons who fell victims of the malfunctioning machines. Omoleke added that politicians would be disappointed on Saturday if they rely on the strategy of vote-buying to win elections, saying the polling booths would be arranged in such a way that would counter such electoral heist. “We want to assure Nigerians that we will be fair to all parties. To us in INEC, no party is big or small, they are the same and it is with that spirit we are going to deal with them on the day of elections,” he said. On the issue of vote-buying, Omoleke said, “politicians won’t find it easy this time. We have mapped out our strategies and we are working closely with the security agencies to make perfect arrangements in our polling booths in such a way that no one can know where and who you actually voted for. “Apart from vote-buying, politicians also resort to ballot box snatching to win elections. This can no longer work because anywhere such an incident is recorded, the poll will be cancelled and repeated the second day. “Perpetrators of such have nothing to gain because they will automatically lose such votes to cancellation and if they are caught during ballot snatching or identified by security agencies, they will be prosecuted”, he warned. Votes Will Count, INEC Insists Also yesterday, INEC insisted that votes cast in the 2019 general elections would count. While receiving the Commonwealth Election Observer Team, INEC chairman (Yakubu) said that the off-season elections conducted by the commission were adjudged free and fair, adding that the commission would ensure that the conduct of the polls conforms with the international best practices. Yakubu said: “The elections on the 16th February and 2nd March, 2019, will be free, fair and credible. The votes will count,” stressing that INEC invited the Commonwealth to observe the election and not to monitor. He said: “I learn that the Commonwealth has deployed people to many states of the federation. The 32 recommendations the Commonwealth made after the 2015 general elections are being implemented administratively.” The INEC boss explained that recommendations which require the amendment of the constitution and the Electoral Act would be implemented when the laws are repealed. “The last recommendation of the Commonwealth Mission was accreditation and voting at the same time. The 2019 general elections will witness accreditation and voting simultaneously,” he said. Former President of Tanzania, Dr. Jakaya Kikwete, who led the delegation, said that they were in the country to observe and not to monitor the election. He said: “We want to know INEC preparedness on the election because we will be visiting many places. After the election, we will prepare a comprehensive report. We have already prepared a preliminary report on the election,” Kikwete said. DSS Warns Against Hate Speech, Fake News In another development, the Department of State Services (DSS) has warned Nigerians, especially politicians to desist from hate speech, fake news and other activities capable of causing trouble before, during and after the 2019 elections. The DSS, in a statement by its spokesman, Mr. Peter Afunanya, said that “the Service will not condone fake news, incendiary or hate speeches designed to whip up dangerous ethnic, religious and/or political sentiments capable of stoking the embers of violence. “Consequently, prospective lawbreakers are forewarned to steer clear of acts capable of undermining national security and stability. The Service will, however, not stand idly and watch miscreants and mischief makers bring avoidable chaos and disorder upon the nation,” Afunanya said. He said that “politicians and the youths are expected to shun all acts of violence the same way observers are urged to keep to the fundamentals and principles of election monitoring as allowed by law and global best practices. “Without doubt the Electoral Act is clear on the roles of stakeholders. The common aim of all and sundry should be for Nigeria to hold successful elections that will be adjudged free, fair, transparent and credible and accepted nationally and internationally. Everyone is urged to conduct his or herself properly before, during and after the elections and avoid actions that may cause the breakdown of law and order.” According to him, “the DSS will professionally discharge its statutory mandate which, among others, is to detect and prevent threats and crimes against the internal security of Nigeria. Also, it will appropriately engage stakeholders. This is for the protection and success of the elections. Therefore, ensuring security that will make the electoral process noble and acceptable to participants and their supporters is uppermost to the Service. In this regard, the Service is determined to identify and arrest criminals and their collaborators whose activities are counter to the national objective of achieving peaceful and orderly elections.” Court Asked To Disqualify Atiku From Presidential Poll And five days to the presidential election, a group, the Incorporated Trustees of Egalitarian Mission for Africa, has sued the presidential candidate of the Peoples Democratic Party (PDP), Alhaji Atiku Abubakar, over his claim of Nigerian citizenship. The suit marked FHC/ABJ/CS/177/2019 and dated February 11, 2019, was filed on behalf of the group by Mr. Kayode Ajulo. In the suit, the plaintiff wants an interpretation of section 25(1) and (2) and 131(a) of the Constitution of the Federal Republic of Nigeria, 1999, (as amended). Other defendants in the suit are the PDP, INEC, and the attorney-general of the federation and minister of justice. The group wants the court to determine, “whether section 25 of the 199 Constitution (as amended) is the sole authority that spells out ways by which a person can become a Nigerian citizen by birth? “Whether by the provisions of section 131(a) of the same constitution, only a Nigerian citizen by birth can contest for the office of the President of the Federal Republic of Nigeria? “Whether by the combined interpretation of sections 25(1) and (2) and 131(a) of the same constitution and giving the circumstances surrounding the birth of the 1st defendant, he can be cleared by the 2nd and 3rd defendants to contest for the office of the president of Nigeria?” If the answers to the aforesaid questions are resolved in favour of the plaintiff, consequently, the group prayed for the following reliefs: “A declaration that by the provisions of Section 131(a) of the Nigerian constitution, only a Nigerian citizen by birth can contest for the office of the president of the country. “A declaration that by the combined interpretation of sections 25(l) and (2) and 131(a) of the constitution and giving the circumstances surrounding the birth of the 1st defendant, he cannot be cleared by the 2nd and 3rd defendants to contest for the office of the president of Nigeria. In an affidavit deposed to by one Michael Okejimi, a legal practitioner in the law firm of Kayode Ajulo, he averred that Atiku was born on the 25th November, I946. “That from the 1st defendant’s own testimony that is gazetted and published in most national dailies in circulation, he is from Jada town in Adamawa State and Jada used to be in Ganye local government area in Adamawa State. “That Ganye is regarded as the mother of the whole Chamba tribe. “That Ganye, however, was never part of Nigeria legally as at the date of birth of the 1st defendant. “That the area had been entrusted to Britain by a League of Nations mandate in l919 and later as Trust Territory by the United Nations in l946. “That with the defeat of Germany in World War I, Cameroon became a League of Nations mandate territory and was split into French Cameroons and British Cameroons in 1919. “That while France integrated the economy of their part of Cameroon with that of France, the British administered theirs from neighbouring Nigeria, making 1st defendant’s Jada, a British franchise. “That a plebiscite was held in British Cameroons to determine whether the people preferred to stay in Cameroon or align with Nigeria. “That while Northern Cameroon preferred a union with Nigeria, Southern Cameroon chose alignment with the mother country. “That on June 1, I961, Northern Cameroon became part of Nigeria, and on October 1, 1961, the Southern territory dissolved into Cameroon. “That Ganye, which incorporates the 1st defendant’s birthplace of Jada was the headquarters of British Cameroons, but it joined Nigeria following the plebiscite. “That when the lst defendant was on November 25, I946 born to a Fulani trader and farmer Garba Abubakar, Jada village and other parts of Chamba land in the then Northern Cameroon were still known as British Cameroons. “That none of the lst defendant’s parents or grandparents was born in Nigeria. “That the Ist defendant’s father died a citizen of Northern Cameroon in I957 prior to the referendum of June 1, 1961, that made Northern Cameroon became part of Nigeria.”

 

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NiMet, MTN, Tomorrow.io Partner To Develop Digital Climate Advisory Services (DCAS) System

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NiMet, MTN, Tomorrow.io Partner To Develop Digital Climate Advisory Services (DCAS) System

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Nigerian Meteorological Agency (NiMet) on Friday, 24th January 2025, signed a memorandum of understanding (MoU) with Nigeria’s leading telecommunication services provider MTN, and advanced weather intelligence company, Tomorrow.io, to develop a Digital Climate Advisory Services (DCAS) System aimed at delivering location-specific, actionable weather advisories to Nigerian farmers via mobile SMS.

Left to Right: Karl Toriola, Chief Executive Officer of MTN, Professor Charles Anosike, Director General and Chief Executive Officer of the Nigerian Meteorological Agency (NiMet), and Dr. Henry Onyemachi, Managing Director of Tomorrow.io, at the MoU signing to develop a Digital Climate Advisory Services (DCAS) System, at NiMet Headquarters in Abuja on Friday, 24th January 2025.

The partnership which is in line with the United Nations (UN) goal of ensuring early warning systems for all would serve the need of strengthening climate resilience in Nigeria, particularly in the agricultural sector.

Speaking at the MoU signing at NiMet Headquarters in Abuja, the Director General and Chief Executive Officer of the Nigerian Meteorological Agency (NiMet), Professor Charles Anosike said that the overall aim of the partnership is to improve agricultural productivity and resilience by providing localized, timely weather advisories. “This aligns with the food security agenda of the President Bola Ahmed Tinubu government”, he said.

Continuing, Professor Anosike said that the choice of MTN and Tomorrow.io is strategic as they are leaders in their respective sectors. “I am excited welcoming the MTN CEO, Karl Toriola, the officials Shoyinka Shodunke (Chief Information Officer),Tobechukwu Okigbo (Chief Corporate Services and Sustainability Officer), and the Tomorrow.io team to NiMet for this groundbreaking MoU signing that will impact not only the agricultural sector but the entire Nigerian economy. My primary objective has been to open up the space of the business of climate science to the private sector so that they will begin to understand the incredible impact of climate science”, he concluded.

Responding, the Chief Executive Officer of MTN, Karl Toriola said that MTN is always looking for ways to support government agencies and the Nigerian public in general.


“I am optimistic about what this partnership with NiMet and Tomorrow.io will do for the agricultural sector, emergency and disaster management, the public and the Nigerian economy as a whole. From the bottom of our hearts we are grateful to NiMet for allowing MTN to partner with it”.

The Managing Director of Tomorrow.io, Dr. Henry Onyemachi thanked the DG/CEO of NiMet, Prof. Charles Anosike for his strong leadership directing the process leading to the signing of the MoU. “For us at Tomorrow.io, it’s a very happy moment for us reflecting on the progressive and very focused journey which began a year ago. This is a very impactful project that we are embarking on which touches on the food security that President Bola Ahmed Tinubu has been harping on”, he said.

Under the terms of the MoU, the parties shall collaborate in the development, deployment, and testing of the DCAS platform, which will provide weather-based advisories to farmers through SMS notifications.

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POLICE TRAINING SCHOOL, IPERU REMO LAUNCH OUT 633 FRESH POLICE CONSTABLES

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Police Training School, Iperu Remo in Ogun State yesterday passed out 633 fresh Police Constable after the completion of a six months training in different academic and operational field haven been certified and endorsed to have satisfied all the requirements .

August24news.com CRIME EDITOR, AJAGBE ADEYEMI TESLIM gathered that The Commandant of the police training school ACP Kolawole Ademilua psc in his keynote address, commended the President, Bola Ahmed Tinubu, GCFR, the Chairman of the Police Service Commission, DIG Hashimu Argungu, mni, (rtd); the Inspector General of Police, IGP Kayode Egbetokun, PhD, NPM, and the Deputy Inspector General of Police in charge of Training and Development, DIG Frank Mbah, mni, for making the training a reality and further reiterated the vision, foresight and leadership, of the inspector general of police for facilitating a smooth training.

He also acknowledged the state Command Commissioner of Police, CP Lanre Ogunlowo, PhD, and his management team for the unwavering support accorded him while the training lasted.

The Commandant, however, asserted that the Constables were trained among other things, to respect the fundamental human rights of the citizens, and embrace community based policing.

The Inspector General of Police in his address, which was presented by the Commissioner of Police of the Command, CP Lanre Ogunlowo PhD, emphasized that the recruitment was needed to enhance the manpower deficit in the Force. He added that the Police Constables have been equipped with fundamental police ethics, norms, practices, and modern law enforcement principles with core values of public relations.

The IGP also stressed his drive towards transforming the old narrative of the rank and file, stating that from available information the recruits are educated policemen and have been carefully selected across the geo political zones in Ogun State to improve the security challenges and lead exemplary roles representing the police in positive light.

Among the dignitaries that graced the ceremony were the Governor of the State, Prince Dapo Abiodun, MFR who was represented by his Special Adviser on Security Matters, AIG Olushola Zubair, psc (rtd); the Chairman of the Police Service Commission who was also represented;, and; IGP Kayode Egbetokun, PhD, NPM who was represented by the Commissioner of Police, Ogun State Command, CP Lanre Ogunlowo, PhD. Others included heads of sister security agencies at the state level, such as the DSS, the Nigeria Army, FRSC, NDLEA, TRACE, etc. The Chairman, Ikenne local government, PCRC members, Iperu Development Association President, etc, also graced the ceremony.

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Transcorp Power Posts 115% Pre-Tax Profit, To Pay Full Dividend of N37.5bn

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Transcorp Power Posts 115% Pre-Tax Profit, To Pay Full Dividend of N37.5bn

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

Transcorp Power Plc, a Transcorp Group power business, hit significant milestones in its financial performance for the full year ended 2024, signalling further robust growth in revenue and profitability.

In the Company’s latest audited results, released to the Nigerian Exchange (NGX) on Thursday, Transcorp Power reported a 115% increase in revenue and 165% growth in Profit After Tax (PAT), demonstrating strong operational leadership and strategic execution.

Specifically, the company’s revenue growth increased by 115%, from N142.1 billion recorded at the end of the 2023 financial year to N305.9 billion in 2024. Gross profit also rose significantly by 89% from N75.4 billion in 2023 to N142.2 billion.

Its profit after tax surged by 165% to N80 billion in 2024, up from N30.2 billion recorded the previous year.

The financial results showed that following the complete repayment of its USD loan, the Company’s gearing ratio reduced significantly from 64.48% at the end of 2023 to 29.70% in 2024, indicating improved financial stability.

Return on assets increased from 13.53% in December 2023 to 20.17% in December 2024, while the company’s return on Equity grew from 52.25% in FY 2023 to 63.19% in FY 2024, demonstrating efficient income generation from equity.

Demonstrating its commitment to shareholder value, the Board of Directors has proposed a final dividend of N3.50k per ordinary share, which when combined with the Interim Dividend of N1.50k paid at half-year, brings the Total Dividend for the 2024 financial year to N5.00k per ordinary share. This dividend payout highlights the Company’s strong financial position and reaffirms its dedication to rewarding shareholders for their continued support and investment.

Commenting on the results, Emmanuel N. Nnorom, Chairman, Transcorp Power, emphasised the Company’s focus on stakeholder value: “Transcorp Power has become one of Nigeria’s most formidable power operators, committed to bridging the energy gap in the country and contributing to the nation’s economic growth.

This financial performance reflects our unwavering commitment to our shareholders and stakeholders. We remain steadfast in our pursuit of value creation and assure our investors of continued robust returns. I am proud of how our organisation faced and responded to a particularly challenging market and macroeconomic environment and our future is bright.”

Speaking on the performance, the Chief Executive Officer, Transcorp Power, Peter Ikenga, attributed the results to the Company’s strategic investments and a deliberate focus on enhancing operational efficiencies.

He said: “Transcorp Power is dedicated to financial discipline and delivering unparalleled value to our stakeholders. Since our public listing, we have maintained consistent growth across all financial metrics, aligning with our mission to deliver value. We are confident in our ability to sustain this trajectory of success.”

Transcorp Power Plc is an electricity generating subsidiary of Transnational Corporation Plc (Transcorp Group), a leading, listed African conglomerate.

Transcorp Power is committed to improving electricity supply in Nigeria and together with Transafam Power Limited contribute over 20% of Nigeria’s installed power capacity.

The Company is creating value across Nigeria and driving economic growth, demonstrating its mission to improve lives and transform Africa, as part of Transcorp Group’s integrated energy strategy.

Transcorp Group companies operate the 972 MW gas-fired Ughelli Power Plant and the 966 MW gas-fired Afam Power Plant, with total joint installed capacity of approximately 2,000 MW.

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