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5 Oct

‘CLEARING THE AUGEAN STABLE OF THE CENTRAL BANK OF NIGERIA – AN IMPERATIVE FOR OUR SOCIO-ECONOMIC ADVANCEMENT AND INDUSTRIAL DEVELOPMENT’

Since the removal of the erstwhile Governor of the Central Bank of Nigeria, CBN, Godwin Emefiele by President Bola Ahmed Tinubu, GCFR, most Nigerians and critical players in the nation’s financial industry have renewed hope that the Government under his watch is determined to see through economic reform policies to heal the country’s ailing economy and bring us out the present economic duodenum. It is trite to emphasize that the CBN is strategic to actualising virtually all the set, reforms objectives of the government and the aspirations of the citizens for social reliefs from prevalent agonising economic pains, anguish, sufferings, and hardships the country is currently experiencing.

 

This task of cleansing the Central Bank’s Augean Stable is, however, extremely onerous especially when we consider revelations of illicit transactions, compromising sleaze, financial recklessness, and rudderless management in close to a decade reign of ex – Governor, Emefiele. This is why President Tinubu set up a Special Investigation Panel led by Jim Obazee to conduct a forensic audit of the account of the apex bank during the tenure of the former helmsman of the apex bank.

There are reports of clandestine as well as overt schemes by CBN cabals to frustrate the investigations of the Obazee led Investigation Panel. Preliminary reports filtering into the public domain, however, seem to show that there are lots of worms, maggots and poisonous vermis in the decadent cans of the CBN. Many top management officers of the Bank have been fingered in the various financial malpractices during this period. The detention of the former Director of Finance of the Central Bank, Benjamin Fakunle by the Department of State Security Services, DSS is pursuant to a crafty attempt by Emefiele led management to cover its tracks with a suspicious Audit Report. Obazee Panel has fingered improprieties in the seven-year financial account audit of the Bank which is alleged to have deviated from globally recognised, International Financial Reporting Standards, IFRS. While Fakunle is also alleged to have paid a whooping N401 Million for the spurious audit document in violation of the Financial Reporting Council of Nigeria regulations.

 

This is just perhaps a tip of the iceberg of financial crimes committed by Emefiele led management team of the Central Bank. Most of which, with diligent investigations and prosecution constitute grave economic sabotage crimes against the nation and her citizens.

 

For us to comprehend the magnitude of the crimes committed by the CBN against the nation, we call into record the advisory of respected legal activist, Femi Falana, SAN to President Tinubu on empty federal treasury. Falana’s Low Hanging Fruits treaty offered a Twenty-Two (22) list of areas where the nation’s funds are cornered, awaiting the Federal Government’s summoning of requisite to access same. A former Editor of the PUNCH Newspapers, Bola Bolawole picked just Twelve (12) from Falana’s low hanging Fruits of the Federal Government’s Funds which an indolent, compromised Central Bank leadership left to fallow outside our national treasury. The sum total of these Twelve Items is N78 Trillion. Yet, President Buhari was busy borrowing to finance our annual National Budget of less than N22 Trillion!

 

 

If we just use the statistics of Mr. Femi Falana alone, it is clear that the resources of our great country in the hands of individuals, corporate cabals and even some compromised global institutions is sufficient enough for the government to address the infrastructural deficits afflicting the country. An Apex Bank that is up and doing in discharging its statutory responsibilities and patriotic duties would not have presided over a national economy that is prostrate, broke and insolvent. Funds that could have provided for social needs like sound transportation system – smooth road network, basic healthcare service, qualitative education for citizens, portable water, affordable housing, employment and security of lives and properties.

 

 

We unequivocally call on all anti-corruption agencies to beam their searchlights on the operations of the Central Bank and its principal management officials during this period to fully account for dereliction of their financial, fiduciary responsibilities to the country and citizens. We are confident that the funds outside our national coffers are sufficient to provide the necessary financial sinew to kick start Nigeria socio economic transformation and much vaunted technological-industrial advancement.

 

 

Debo Adeniran

Chairman, CACOL

08037194969

deboadeniran@gmail.com

cacolc@yahoo.com

 

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14 Aug

GODWIN EMEFIELE SHOULD BE ACCORDED STATUS OF A COMMON ECONOMIC SABOTEUR WHO PAUPERISED MAJORITY OF NIGERIAN CITIZENS AS GOVERNOR, CENTRAL BANK OF NIGERIA

Nigerians from all walks of lives are apprehensive that the Federal Government, through the Department of State Security Services, DSS, may fritter away a great opportunity to deal fatal blows on entrenched economic vampires and saboteurs in the country with the seemingly lack of diligent investigation and prosecution of the suspended Governor of Central Bank of Nigeria, Mr. Godwin Emefiele. This concerned is further accentuated with the spirited attempts by the legal team of the ex-henchman of the apex bank to tie the hands of the Judiciary in ensure the enforcement of the bail out of the former Governor and prevent the State from subjecting him to prosecutions.
The National Observatory as a civic engagement body with mandate to prick the conscience  of humanity on sensitive issues as they often affect the survival citizens  view the various illegal, social, and political transgressions of Mr. Godwin Emefiele  during the pendency of his tenure as Governor of the Governor, Central Bank of Nigeria as  not only Crimes against the State, but indeed, Crimes against the Citizens, if not against humanity.
 Under Emefiele watch, lives and means of survival of millions of Nigerians were destroyed, his harsh policies – particularly the Naira  Re – Design provoked monumental social convulsions leading destruction of properties, businesses, and legacies. Yet, enforcement agencies saddled with responsibilities for bringing Emefiele to justice for his malfeances  are obviously handling his prosecution with golden, kid’s glove ! Months after Godwin Emefiele suspension from office in June 10, his Lawyers are taking advantage of the inexcusable dithering of prosecutors to seek his reliefs from the Federal High Court, Abuja for Security Agencies to respect the bail granted him and stop the Federal Government, the Attorney General of the Federation  from prosecuting him on any charge.
Needless to delve on the seemingly deliberate trivialization of the essence of its prosecution. It may be apposite at this juncture to highlight the main accusations levied against the Governor before his suspension, which include–
#. Terrorism funding unknown gunmen, ESN, IPOB; .
#. Mismanagement of Nigeria’s social investment program (NISRAL and the Anchor Borrowers Scheme);
#. Money Laundering; Round Tripping; Illegal economic crimes and threat to national security; unwholesome activities through proxies; and, Criminal conspiracy, diversion of Government resources.
 To the chagrin of all conscientious Nigerians however, he was merely brought to court with charges of illegal possession of arms and ammunition !
No matter the parameters that is employed to evaluate the locust years of Godwin Emefiele in helms of affairs of the apex Bank, the verdict remains that he terribly compromised the nation’s economy and shortchanged its revenue base, He remains the  worst Governor of the Central Bank of Nigeria since inception in 1957. The global standard and principle for Central Bank operations spelt out its key functions to revolve round “ regulation of money supply, management of the  foreign exchange and gold reserve of the country, managing the cost of credits and its availability, and it exercises these functions quietly without publicity hypes or partisanship”. All these indices, Mr. Godwin Emefiele failed in way never before recorded in our apex banking history – from Roy Pentelow Fenton, 1958 -63 at inception to Alhajji Mai Bornu, 63 -67;  Dr. Clement Nyong Isong, 72 -75; Malam Adamu Ciroma, 75 -77; Mr. Ola Vincent, 77 -82; Alhajji Abubakir Ahmed, 82 -93; Dr. Paul Agbai Ogwuma, 93 -99; Chief, Dr. Oladele Sanusi, 99 -2004; Prof. Charles Soludo, 2004 -2009; Malam Sanusi Lamido-Sanusi, 009 -2014 – all respectable, trustworthy gentlemen Captain of the country’s financial industry. None as individual, was as garrulous or reckless as the reign of Mr. Godwin Emefiele, or, even combined !
The crimes of Mr. Godwin Emefiele against Citizens and State are legions, these include :-
#. Alleged infractions in the Management of Stamp Duties, which the DSS initiated machinery to investigate his undermining of President Muhammad Buhari, terrorism sponsorship, money laundering, amongst others but stopped the investigations with court orders and was subsequently allowed to be guarded by military personnel.
#. Emefiele’s subterranean purchase of All Progressive Congress, APC Presidential Nomination Form in May 2022 for whooping N100 Million. Whilst he later ignominiously denied the Presidential ambition after intense public outcry, he had earlier gone to court to seek a restraining order against the Independent National Electoral Commission, INEC and, the Attorney General of the Federation claiming that “ he is not a political appointee but a Public Servant”. Perhaps, he was unaware that he was in gross violation of the Public Service Rule which stipulates Neutrality and Non-Partisanship of all public servants. More  importantly, his ambition was also in contravention of Global Ethical Standard Principles for the management of Apex Financial Institutions !
#. Cruel, Illegal execution of Naira Re-Design policy on N200, N500 and, N1000 denominations which the then Minister of Finance, Zainab Ahmed, Nigeria Bar Association President, Yakuba Maikyau kicked against, the National Assembly for the extension of January 2023 deadline declaration of old Naira notes as default legal tender. Three State Governors of Kaduna, Kogi and Zamfara had to approach the Supreme Court to stop the Federal government, Attorney General and Central Bank on the implementation of the new Naira notes policy alleging that the “ CBN is conducting a currency confiscation program that has wrought immeasurable sufferings on NIGERIANS”, yet Emefiele instigated Federal Government disobedience of Supreme Court Order to halt the program !
Thus, on June 10, 2023 when the President Bola Ahmed Tinubu announced the suspension of Mr. Godwin Emefiele as the Governor of the Central Bank, as well as his prompt arrest and detention by the DSS, all expectations were that the security and enforcement agencies should have been adequately prepared for full blast prosecution of Emefiele on numerous crimes bordering on “ National Economic Sabotage” , not a melodramatic charge of unlawful possession of arms and ammunition.
Now that facts are emerging that investigation are still going on Mr. Godwin Emefiele infractions during the period he held sway as the points man of the apex bank in the country, the entire Nigerian citizens must be vigilant to swing into affirmative civic actions if there is any ploy for miscarriage of justice. We are not faced by the reports that many high temperature, We are confident that the ongoing audit of the accounts of the Central Bank which has not been done in the last Seven years would expose mind boggling, dirty, shady deals. Politically Exposed Persons are complicit in the crimes of Emefiele. President Bola Ahmed Tinubu should be audacious enough to garner requisite political sinew to confront this monster. There is no gain emphasizing that the gory, injurious financial mis adventures of Mr. Godwin Emefiele and unpatriotic gangs are responsible for the precarious, sordid conditions of our national economy. A lot of public funds are in the pockets of these criminals in our corridors of power. They must be fished out, if the nation is to survive.
There is no rule that a sacred cow must be slaughtered with golden knife ! In saner, democratic climes like the United States of North America, USA, former President Donald Trump was duly investigated, prosecuted and indicted, in South Africa, another former President Jacob Zuma was investigated, prosecuted and jailed..
The Nigerian poor must not only remain alert but mount vigilant guard by rising in mammoth rallies whenever Emefiele appears in court. It should be turned into a tribune of the people for his heinous crimes against citizens. President should  demonstrate absolute commitment to bring Mr. Godwin Emefiele and his felons Economic Saboteurs to Justice without minding whose Ox is gored !
Signed :-
Comrade Debo Adeniran
Convener
Omotaje Olawale Saint
Administrative Secretary
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noimage 21 Jul

RMAFC BILL: Coalition Calls for President Tinubu’s Assent, Says RMAFC Deserves Better Funding

The Centre for Anti-Corruption and Open Leadership (CACOL) on behalf of the Civil Society Coalition Against Corruption yesterday in Lagos called on President Bola Ahmed Tinubu to graciously give assent to the Bill for an act to amend the Revenue Mobilisation Allocation and Fiscal Commission Act, CAP. R7 LFN 2010 to grant the commission enforcement powers in the monitoring of accruals to and disbursement of revenue from the Federation Account and bring the Act in conformity with the provisions of the 1999 Constitution (as Amended); and for other matters related therewith.

 

The Coalition which made the appeal in a statement issued to media houses in Lagos, and signed by Comrade Debo Adeniran the Chairman of CACOL, recalled that the 9th Assembly at the twilight of the last administration had graciously and expeditiously passed the Bill that will give the beleaguered Commission a new lease of life which is awaiting President Bola Ahmed Tinubu’s assent.

 

According to the statement, the Bill as passed by the National Assembly prescribes that the Commission shall be wholly funded by the three tiers of government being beneficiaries of the Federation Account.

 

The Statement laments that as one of the fourteen (14) Executive Bodies recognized by the Constitution, RMAFC is one of the most poorly funded Agencies compared to other sister Constitutional bodies like Independent National Electoral Commission (INEC), National Population Commission, National Assembly and others that are heavily funded from the national purse.

 

The Revenue Mobilization Allocation and Fiscal Commission (RMAFC) is one of the Executive bodies established by the 1999 Constitution of the Federal Republic of Nigeria (As Amended). Amongst its fundamental powers and functions are;

 

  1. To monitor the accruals of federally-generated revenues to the Federation Account and disburse same to the three tiers of government;
  2. Review from time to time, the Revenue Allocation formulae and principles in operation to ensure conformity with changing realities,
  • Determine remuneration packages appropriate for political, public and judicial office holders as well as
  1. Advise governments at all levels on ways to improve their internally-generated revenues.

 

 

They opined that, the important role the Commission plays in the nation’s political economy through statutory allocation of revenue via an equitable revenue sharing formula to the three tiers of government and fixing remuneration for public, political and judicial office holders at all levels of government has enormously contributed to the democratization process, thus encouraging good governance, transparency and accountability and even development in the country.

 

The Chairman of the Coalition Debo Adeniran noted that “the review process of the above exercises involves extensive and in-depth research and studies in various areas of our political economy, call for memoranda, consultations, sensitization workshops, collection and collation of data, studies of other similar Federations in respect of fiscal arrangements, public hearings and administration of questionnaires which involves huge expenditure”

 

“These exercises normally take the Commission to all the 36 states of the Federation and the FCT, as well as the 774 Local Council across the country to sensitize Nigerians to make input into the review process”.

 

“In the area of reducing revenue leakages and enhancing revenue generation, the Commission, has succeeded in expanding the sources of revenue to the Federation Account through the recoveries of hundreds of billions in the recent past”.

 

“It is gratifying to note that in order to ensure synergy in revenue generation, remittance and monitoring, the Commission also continues to engage critical stakeholders like the Federal Ministry of Industry, Trade and Investment, the Customs Service, Federal Inland Revenue Service, NNPC and its subsidiaries and the Central Bank of Nigeria to strategize on how to reduce revenue loss through indiscriminate granting of waivers and tax holidays”.

 

The coalition explained in the Statement that one of the major challenges faced by the Commission is the absence of financial autonomy and weak regulatory framework which directly hinders the effective and efficient performance of its operations with annual budgetary allocations for the financing of its activities over the years being grossly inadequate as to protect its independence and cater for its nationwide field operations. The sensitive nature of the Commission’s role in Nigeria’s Fiscal management requires a large measure of independence including financial autonomy.

 

The Coalition also noted with dismay that, while the Commission continues to discharge its constitutional responsibilities assiduously with little resources, workers and their chief executives in the various revenue generating Agencies it supervises, luxuriate in humungous salaries and allowances driving state-of-the-art cars as official vehicles, working in spacious and well-equipped offices and attending conferences, seminars and retreat abroad all at the tax payers expenses.

 

“In all honesty, how do you expect RMAFC to effectively monitor those Agencies without being ridiculed given the impoverished working conditions of their staff, how can the Commission attract top rate graduates and experienced hands like those in the MDAs they are supposed to oversight, how can they deploy top-notch ICT infrastructure like those obtained in FIRS, Customs, and NNPCL?”

 

“It is maladroit to expect a poorly funded organization with ill-motivated staff to perform supervisory functions on well-funded agencies whose staff are adequately remunerated and highly motivated”.

 

The Statement stressed that in view of the overriding importance of RMAFC’s role in stabilizing the nation’s political and socio-economic development since inception, there is the need to adequately fund the Commission through increased budgetary allocation and placement on first line charge so as to enable it to effectively supervise revenue generating agencies such as FIRS, NNPCL, Customs as well as carry out its other constitutional duties.

 

“The only viable option that will put the Commission on a strong financial pedestal is if Mr. President appends his golden signature on the new Bill placed on his table”.

 

The Coalition also expressed optimism that the Bill when eventually signed by Mr. President will reposition the Commission by giving it the needed impetus to perform optimally with the removal of financial, legal and regulatory encumbrances that hitherto made it a toothless bulldog that can only bark but not bite.

 

“While it is apt to note that PBAT does not waste time in signing Bills into law provided they serve the peoples’ best interest as demonstrated in his first few weeks of assumption of power, it is equally concerning that the RMAFC Bill is still in Mr. President’s incoming tray awaiting his final assent”.

 

In order to expedite action for the Bill to see the light of the day, it also called on other critical stakeholders like the National Economic Council, the Nigeria Governors’ Forum, ALGON and the Media to bring their influence to bear on the Presidency to do the needful.

 

“It is our strong belief that the signing of the Bill into law by Mr. President will translate to stoppage of leakages in revenue generation, increase more revenues into the Federation Account and generally promote transparency and accountability in the management of our Commonwealth in consonance with President Bola Ahmed Tinubu’s Renewed Hope mantra. A stitch in time saves nine”.

 

 

Debo Adeniran

Chairman, CACOL

08037194969

dadnig@yahoo.com

www.deboadeniran.com

cacolc@yahoo.com

cacol@thehumanitycentre.com

 

 

 

 

 

 

 

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15 Jul

PRESIDENT TINUBU’S N500BN PALLIATIVE: NIGERIANS REQUIRE MORE EXPLANATIONS

The Centre for Anti-Corruption and Open Leadership, CACOL, has asked the President of the country to shed more light on his request for N500bn to be used to provide palliatives for Nigerians following the removal of petrol subsidy announced during his inaugural address on May 29, 2023, in response to claims that the subsidy regime favoured the rich more than the average Nigerians, among other reasons.

.

In a release issued by the organization’s Director of Administration and Programmes, Tola Oresanwo on behalf of Mr. Debo Adeniran, CACOL’s Chairman, he noted, “It would be recalled that President Tinubu’s request was contained in a letter sent to the National Assembly and read during plenary by the Speaker of the House of Representatives, Tajudeen Abbas. In his letter, the President proposed an amendment to the 2022 Supplementary Appropriation Act, saying “The request has become necessarily important to, among other things, the source for funds necessary to provide palliatives to mitigate the effect of the removal of fuel subsidy on Nigerians. Thus, the sum of N500bn only has been extracted from the 2022 Supplementary Act of N819,536,937,815 for the provision of palliative to cushion the effect of petrol subsidy removal.”

 

According to the CACOL’s boss, “We believe Nigerians need to know more about the N500bn the President is requesting. He should make the details of how the money would be spent more clearly to the average Nigerian. Inasmuch as we are not against the provision of palliatives for Nigerians who have been negatively affected by the removal of the fuel subsidy, we are calling on the President to reveal the details of how the money will be spent”.

 

In a country where a humongous amount of money had been expended in the past years majorly on palliatives and the low number of people that benefitted from the said palliatives, it will be unthinkable for this administration to follow the part of the past administrations.

 

We are all living witnesses to the way and manner some foodstuffs that were meant to serve as palliatives for Nigerians were locked up in warehouses across the country by some greedy and selfish people in power at the detriment of pauperized, traumatized and famished Nigerians during the COVID-19 pandemic.

 

To avoid the mistakes of the past administrations, the Tinubu-led government should publicize how it intends to spend the money, the names and locations of the beneficiaries, the modalities for disbursing the money and the conditions attached to the disbursement (if any), and other details that would set the minds of Nigerians at peace knowing fully well that the money would be used as planned”.

 

The CACOL Head adds, “Moreover, we observe that even if the names of those to benefit in the conditional cash transfer or whatever method the government wants to use to disburse the N500bn are published, the money may not impact significantly on the livelihood of the beneficiaries. If any palliative would be given, it should reflect in the cost of macro-economic products like petroleum but since the argument is that if petroleum is cheaper, it will be smuggled out of the country, then the palliative can be used to subsidize electricity, since it is not likely that electricity would be smuggled out of the country. It can also be used to subsidize the cost of building materials or telephony thereby having a direct impact on affordable housing and communication among the people. Reduction in prices of these products will affect everybody rather than selective conditional transfer to some privileged few that has been done in the past and nobody has openly acknowledged that it impacted positively on their lives”.

 

Tola  Oresanwo,

Director, Administration and Programmes, CACOL

cacolc@yahoo.com

08141121208

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16 Jun

BAWA’S INDEFINITE SUSPENSION: CACOL COMMENDS PRESIDENT TINUBU

15th June, 2023

 

Press Release

 

BAWA’S INDEFINITE SUSPENSION: CACOL COMMENDS PRESIDENT TINUBU.

 

The Centre for Anti-Corruption and Open Leadership, CACOL, has hailed President Bola Tinubu for approving the indefinite suspension of the Chairman, Economic and Financial Crimes Commission, AbdulRasheed Bawa, from office.

 

In a press release issued by the anti-graft coalition’s Director of Administration and Programmes, Tola Oresanwo on behalf of its Chairman, Mr. Debo Adeniran, he noted, “It was reported that President Bola Ahmed Tinubu has indefinitely suspended the Chairman, Economic and Financial Crimes Commission, AbdulRasheed Bawa, from office, to allow for a thorough investigation into his conduct while in office following “weighty allegations” of abuse of office against him.

 

The suspension of the Chairman, Economic and Financial Crimes Commission, AbdulRasheed Bawa, from office is a welcome development that is long overdue due to the sensitive nature of his office. We had earlier joined other Civil Society Organisations to call on the immediate Past President, Muhammadu Buhari to relieve Bawa of his appointment in order to allow for thorough investigations of allegations leveled against him.

 

It should be noted that we wrote the Senate not to confirm him based on the allegations leveled against him when he headed the Port Harcourt office of the anti-graft agency but the Attorney General smuggled him in and got the National Assembly to confirm him. Moreover, because of the way and manner the immediate past Acting Chairman of the agency, Ibrahim Magu was eased out of EFCC, we opined  that Magu was yet to be removed from the office permanently and that he was still the Acting Chairman of the agency. So by this action coming from the President, we have been vindicated as we have opposed Bawa’s nomination from the beginning.

 

“It must also be noted clearly, that we are not opposed to the commission’s mandate to fight corruption, but we are opposed to the seeming politicization of the agency under Mr. Bawa, its clear fixation on certain individuals in society, needless media trial, alleged corruption within the agency, and the manner in which EFCC officials act above the law by corrupting our judicial processes with impunity.

 

“We therefore commend President Bola Tinubu for heeding to the yearnings of the people by taking drastic action which the past administration found too difficult to take. This singular action by the President would send a note of warning to all other holding one position of authority or the other that they can be called to give account of their stewardship at any time.

 

“We would like to advise that the selection of the next Chairman of the Commission should be based on merit and political consideration should be downplayed. This will allow the agency to function and discharge its duties without fear or favour. The good work of fighting corruption to standstill by the agency should also be supported by the government”

 

 

 

Tola  Oresanwo

Director, Administration and Programmes, CACOL

cacolc@yahoo.com

08141121208

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13 Dec

CACOL CELEBRATES 2022 INTERNATIONAL ANTI-CORRUPTION DAY

9th December, 2022

Press Statement

CACOL CELEBRATES 2022 INTERNATIONAL ANTI-CORRUPTION DAY

Around nineteen (19) years ago and precisely on October 31, 2003, the entire world through the international umbrella, the United Nations Convention number 58/4, declared every 9th of December each year as the World Anti-Corruption Day, in line with emerging concerns about what constitutes Corruption and its effects on societies, especially on the developing nations.

The 2022 International Anti-Corruption Day (IACD) with the theme “Uniting the World Against Corruption” seeks to highlight the crucial link between anti-corruption and peace, security, and development. At its core is the notion that tackling this crime is the right and responsibility of everyone, and that only through cooperation and the involvement of each and every person and institution can we overcome the negative impact of this crime. States, government officials, civil servants, law enforcement officers, media representatives, the private sector, civil society, academia, the public and youth alike all have a role to play in this.

Corruption is a major impediment to peace, security and development. From education to the environment, from business to sports, from gender equality to access to justice, and more – corruption undermines all areas of society’s development.

Corruption, conflict and instability are meanwhile profoundly intertwined. Corruption not only follows conflict but is also frequently one of its root causes. It fuels conflict and inhibits peace processes by undermining the rule of law, worsening poverty, facilitating the illicit use of resources, and providing financing for armed conflict.

The leadership of the country has seen corruption as a monster that has to be destroyed lest it destroy the country itself. Corruption in Nigeria appears to be ubiquitous and takes many forms: from massive contract fraud to petty bribery; from straight-up embezzlement to complicated money laundering schemes; from pocketing the salaries of nonexistent workers to steering plum jobs to relatives and friends. It has indeed become a constant phenomenon. In 2012, Nigeria was estimated to have lost over $400 billion to corruption since its independence. In 2021, the country ranked 154th in the 180 countries listed in Transparency International’s Corruption Index. The fight against corruption has remained a constant priority for the Government of H.E. President Muhammadu Buhari since its inception in 2015. Corruption has been identified as one of the main spoilers of Nigeria’s ambition to achieve the 2030 Agenda for Sustainable Development and, in particular, of its aspiration to lift more than 100 million Nigerians out of poverty in the next 10 years. The efforts made to prevent and counter corruption in its various manifestations have earned Mr. President the role of the African Union’s Anti-Corruption Champion.

Recently, the Minister of Information, Alhaji Lai Mohammed, announced that the Nigerian government had realised at least N120 billion as proceeds from criminal financial operations since the Bill on Proceeds of Crime Recovery Management was signed into law earlier this year by President Muhammadu Buhari. His administration, through the anti-graft agencies, has arrested, detained and even prosecuted some public office holders, the latest being the country’s accountant-general for the staggeringly monumental fraud he’s been perpetrating for years but we want to see a situation where Mr. President is holding people to account. It is not just a few; it has to be holistic. We expect more firm actions from the president and that actually is missing in some instances. The use of state pardon to set convicted corruption criminals free should be discontinued because a convicted

Inasmuch as we want to appreciate the efforts of this administration in tackling corruption, we believe that more stringent penalties must be put in place and the judiciary must also cooperate to nip this shameful act in the bud in the country. We need to take a cue from other countries of the world that have taken anti-corruption fight to the level whereby all their citizens know that there are grave consequences for any act of corruption.

For example, in January 2021, China executed a former top banker accused of taking $260 million worth of bribes and other forms of corruption. Lai Xiaomin, the former chairman of Huarong — one of China’s largest state-controlled asset management firms — was put to death by a court in the northern city of Tianjin. The Chinese Supreme People’s Court, which reviewed and approved the execution order, was quoted as saying “the amount of bribes received by Lai Xiaomin was extremely large, the crime’s circumstances were particularly serious and the social impact was particularly severe”.

Although, we don’t support death penalty, but we are of the opinion that corruption cannot be effectively defeated in the country when convicted criminals get minimum jail sentences, plea bargaining and a “go and sin no more” verdict thereby having ample opportunity to enjoy their loots. The various anti-corruption agencies must tidy up their investigations, ensure diligent prosecution of corruption cases and the judiciary must ensure that corruption cases are speedily and timely dispensed with.

Government officials, appointed board members, heads of MDAs, and even Ministers most of whom are politicians or political appointees have constituted themselves into impediments for the smooth operation of these anti-corruption agencies. The fact that these agencies rely on these government officials and appointees for their expenditures to be approved and released, they are unable to do anything contrary to what these set of government officials dictate to them. The government officials direct the affairs of these anti-corruption and regulatory agencies and exercise absolute control over their activities. This has contributed to be a major clog in the wheel of progress to the agencies particularly in the area of carrying out their due diligence in investigation and prosecution. Until these impediments are removed, we should not expect the anti-corruption agencies to perform better than they are presently doing.

Against this backdrop, we suggest that the major anti-corruption and other regulatory agencies (i.e EFCC, ICPC, NAFDAC, NDLEA, SON etc.) should be given full autonomy or independence by funding them from first line charge, so that they would be removed from the control of various supervising Ministers who are politicians and who would want to protect their fellow politicians at all cost.

Government should remove incentives that make corruption intractable problems like pardoning corruption convicts which are capable of demoralizing investigators, witnesses, prosecutors and courageous judges who make convictions possible. Moreover, pardoned corruption convicts can also take revenge once they secure their freedom by going after investigators, witnesses, prosecutors and judges that convicted them.

The recently announced CBN’s policy which limits daily cash withdrawals to N20, 000 and weekly withdrawals of N100,000 for individuals is one that can open the corruption window in the long run. The policy did not take into consideration the people in the rural areas where everything is done in cash and bank’s presence in these areas is either relatively low or non-existent. The policy doesn’t seem to consider the unbanked and internet network deficient communities that have to travel several kilometers to resolve banking disputes and errors as well as those who don’t have usable telephone devices and the huge number of those who currently engage in POS business who may lose their source of livelihood if the policy is implemented as planned.

We at CACOL, are intensifying our Public Enlightenment campaigns through grassroots engagement and interventions. We are also vigorously intensifying our engagement of the Media and collaborating with relevant Stakeholders towards ensuring that corruption is finally extirpated or minimized within the body polity, in line with United Nations resolution against corruption.

Debo Adeniran  

Chairman, CACOL

cacolc@yahoo.com

08037194969

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21 Oct

CACOL CONDEMNS ALLEGED ILLEGAL BUDGET PASSAGE BY SENATORS, REPS.

The Centre for Anti-Corruption and Open Leadership, CACOL, has taken a swipe at the activities of some committees of the National Assembly alleged to be passing budgets for ministries, departments and agencies of the Federal Government illegally.

 

In a release issued by CACOL and signed by Tola Oresanwo, the organization’s  Director of Administration and programmes on behalf of its Chairman, Mr. Debo Adeniran, he remarked, “It would be recalled that President Buhari, while laying the 2023 Appropriation Bill before a joint session of the National Assembly on October 7, 2022, slammed committees of the parliament who were bypassing him and approving budgets for government-owned enterprises without his approval.”

 

It is instructive to note that the House of Representatives’ Committee on Public Accounts has confirmed the allegation by the President, Buhari, that some committees of the National Assembly are passing budgets for ministries, departments and agencies of the Federal Government illegally.

 

The Punch newspaper reported that the committee, after making the discovery, wrote to the Secretary to the Government of the Federation, Boss Mustapha, and the Clerk to the National Assembly, Amos Ojo, to confirm if Buhari actually transmitted the MDAs’ budget to the parliament or not.

 

The action of these dishonourable legislators is not only an affront to the president but one illegality too great being committed against Nigeria and Nigerians.

 

Going by the principle of separation of powers, the legislators ought to know their limits when it comes to budgetary processes of the government and its MDAs. The President is expected to transmit budgetary proposals of MDAs to the National Assembly, while the clerk transmits passed budgets to the Presidency for implementation.

 

We at CACOL would like to use this medium to condemn the action of these legislators and call on the Senate and the House of Representatives’ Committees on Public Accounts to investigate the Chairmen of the committees involved in this illegality and report them to anti-graft agencies for appropriate prosecution and sanctions.

 

The country is currently grappling with so many challenges most of which are man-made and corruption is at the root of most of the country’s woes. Hence, this illegal action of these committee Chairmen must not be condoned and the allegations against them must not be thrown under the carpet. Members of the public should be put in the know regarding the outcome of investigation into the case and those found culpable should be made to face the full wrath of the law so as to serve as deterrent to others.

 

 

Tola Oresanwo

Director, Administration and Programmes, CACOL

 

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27 May

CACOL CONDEMN ATTACK ON HEDA’S CHAIR, OLAREWAJU SURAJU’S HOME

The Centre for Anti-Corruption and Open Leadership, CACOL has condemned in strong terms the attack by some assailants of the Chairman of Human and Environmental Development Agenda (HEDA) , Mr. Olanrewaju Suraju and his wife at their Lagos home.

In a release issued by CACOL and signed by Tola Oresanwo, the anti-corruption organization’s Director, Administration and Programmes on behalf of its Chairman, Mr. Debo Adeniran, he stated, “We received the sad news of the attack of the Chairman of HEDA, Mr. Olanrewaju Suraju and his wife by gunmen numbering five with great shock. The fact that the gunmen at about 2:15am on Monday invaded only Suraju’s residence out of other 220 buildings in the estate is suspicious and a pointer to the fact that they may not be ordinary armed robber but may have been sent to carry out the dastardly act by some group of people who are enemies of truth”.

“We learnt that the assailants who were heavily armed with guns, knives, and other dangerous weapons also threatened to kill Mr. Suraju, physically hit him and his wife both of whom had to be hospitalised.
The assailants who were caught on CCTV camera invaded Mr. Suraju’s home in Lagos at around 2:15 am on Monday, 28th March 2022, breached the Estate’s Security and burgled the security features in his house with sophisticated tools. Currently, both the intent and the extent of the damage cannot be fully estimated yet”.

“This underscores the height that insecurity has reached in the country especially when this can happen in an estate with adequate security apparatus. We therefore condemn this attack in its entirety; we consider it as an attack on the truth, a major blow on whistleblowing endeavours in Nigeria and an irreparable loss to the anti-corruption activism in the country which is capable of reducing the rating of Nigeria’s seriousness in terms of anti-corruption within the comity of nations”.

The Chairman further remarked, “We are still amazed at the manner of desperation that could warrant this kind of attack on the personality of someone who has been on the forefront of anticorruption and whistle blowing in the country. It only goes to show how shameless and conscienceless many have fallen in their nefarious acts. We believe the Police will rise to the occasion by investigating this case and bring the perpetrators of this heinous crime to book and hope such elements would desist from their evil ways before they inevitably meet with their nemesis.”

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