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Reps worry over Nigeria’s loss of $8.8tn to capital flight

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The House of Representatives has expressed worry that Nigeria is losing huge amount of money to capital flight, especially medical tourism.

Indeed, the House said it was aware of the Central Bank of Nigeria’s bulletin in 2015, which showed that the net flow of capital flights from Nigeria from 1986 to 2015 was quite worrisome, with Nigeria losing over $8.8tn.

It therefore urged the Federal Government to develop an effective mechanism and strategy to prevent the persistent occurrence of capital flight in Nigeria

It also advised the Federal Government to partner private institutions to build world-class medical facilities in major cities in Nigeria or upgrade and equip the existing ones with adequate facilities.

It said the agreement should be based on a build, operate and transfer policy by private investors in a way that would allow the investors to manage same for an agreed period.

The Committee on Legislative Compliance was mandated to ensure implementation.

This followed a motion on the Urgent Need to Address the Menace of Capital Flight in Nigeria by Hon. Afolabi Rasheed Olalekan on Tuesday.

The House noted that capital flight had been one of the unresolved and persistent macroeconomic problems plaguing the nation for over four decades.

The House also noted that ironically, Nigeria is ranked among the highest producers of crude oil in the world and earns a huge amount of foreign exchange from its exports but still falls short of capital to develop, maintain and upgrade her infrastructure due to the magnitude of capital flight from the country when compared to accumulated domestic investments.

The House further noted that the United Nations Conference on Trade and Development estimated that about $88.6 billion per year leaves the African continent through money laundering, tax evasion, diverted revenues, offshore investments and other forms of capital flights, with Nigeria accounting for an estimated 46 per cent of the total capital flight or $40.7 billion per year.

It worried at the alarming rate of foreign medical services being sought by Nigerians, both private individuals and government officials, amounting to more than $6.5 billion based on the statistics released by the Ministry of Foreign Affairs in 2015, while expenses on foreign education amounted to more than $3 billion based on estimates released by the Tertiary Education Trust Fund (TETFUND) in its 2014 annual report.

“The House is cognizant of the recent series of pleas by successive governments to foreign banks and other international financial institutions to release and repatriate stolen and diverted funds in millions of dollars stockpiled abroad by corrupt leaders;

“The House is concerned that capital flight exerts detrimental effects on both short and long term growth of the economy by reducing domestically available investable capital as it represents a foregone investment in manufacturing plants, infrastructure, social welfare, reduction of a country’s tax base and a contribution to the high debt profile, among others,” the lawmakers said.

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Igboho: Yoruba group to sue FG for disrupting Lagos rally

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Leader of the Yoruba Nation group and Ilana Omo Oodua, Emeritus Professor of History, Professor Banji Akintoye

REACTIONS have continued to trail Friday’s judgment of Oyo State High Court which declared self-determination agitation as legal and resistance to it by agents of government as “crude and most unprofessional.”

Leader of the Yoruba Nation group and Ilana Omo Oodua, Emeritus Professor of History, Professor Banji Akintoye, told Sunday Tribune that the verdict has made the Yoruba Nation and other self-determination groups in the country invincible threatening to take further legal action against the FG for disrupting its rally in Lagos.

“We knew it would come, because it is the truth. People can try to hide the truth for as long as they want, but someday, the truth always surfaces. The truth has surfaced.

“Nigerians now know that our struggle for self-determination is totally lawful and legal, that the government has no right to stop us. The knowledge now is that more and more people are rallying into our court.

“If our young people try to hold a rally now, it will be much bigger than that of Ado-Ekiti. More and more people are coming forward. The government has threatened our existence not only at home but even abroad. That is now coming to an end.

“We are not dissolving our organisation, but instead now realising the need to merge together and be stronger than ever now, realising we are all brothers. We are going to exploit what we have; we are going to be more active; we are going to be doing what we did in Ibadan against the government.

“We are going to do more; we are going to take them to court for the disruption of our rally in Lagos. It was a peacefully rally based upon law, but they illegally disrupted it.

“We are going to go after them with the power of the law and they will know they cannot fight us. We have become invincible. Part of our injunctions is that we respect the government and the laws of Nigeria.

“What we have led from the beginning is that our self-determination agitation is totally legitimate. The international law proclaims it as legitimate. The Charter of the United Nations and various other instruments of the United Nations support our clamour.

“Without seeking permission from anybody, a nationality can decide to assert its self-determination. When it does that, the government of whichever county they belong to must respect what they are doing and not interfere with their civic rights in the country.

“But the people who are fighting for self-determination also have a responsibility. They must not start an insurrection; they must not generate violence in the streets. Those are the conditions. So as long as you are doing it peacefully, you are in good order.

“So we Yoruba people decided from the beginning that this was going to be a thoroughly peaceful and law abiding movement, and it has been so continuously. Our children did not do anything illegal. Nobody was wounded, nobody was arrested, neither was there any altercation with the police nor destruction of properties.”

Also reacting, the Pan Niger Delta Forum (PANDEF), commended the courage of the Judge in upholding the rights of citizens to freedom of expression and association. The South-South apex socio-cultural group, through its national Publicity Secretary, Ken Robinson, congratulated Yoruba activist, Chief Sunday Igboho, his legal team and all patriotic citizens for the victory.

He, however, urged the Appeal Court to live up to expectations by abiding by the “merits of the case and not get influenced by the powers that be.”

“We say well done to the court on the landmark judgment in the Igboho case. It’s commonly said that the judiciary is the last hope of the common man, but it goes beyond that.

“The judiciary is, indeed, the last hope of all citizens, common or special, particularly, in a regime like we have now, which is increasingly becoming dictatorial with unnecessary deployment of state forces to intimidate and coerce citizens, who have dissenting opinions.

“It is unthinkable that a supposed democratic administration will give citizens all kinds of labels, for simply ventilating their discontent and disaffection with the way and manner the government conducts the affairs of the country.

There are still upright men in Judiciary-Ohanaeze

The National Publicity Secretary of Ohanaeze Youths, Mazi Chika Art Adiele, hailed the judgment , saying “it is a testament that there are still upright men in the sacred temple of justice.

“It is a landmark ruling. It will help our jurisprudence,” he said.

The judgment, Sunday Tribune gathered, dominated discussions in most public arena in Enugu State on Saturday, with many calling it an indictment on “extra-judicial murders of suspected IPOB members as well as its proscription and labeling as a terrorist organisation by the Buhari regime.”

Self determination is part of Nigerian laws -Ex NBA chairman

In his own view, the immediate past chairman of the Nigerian Bar Association (NBA), Owerri branch, Imo State, Damian Nosike said although he was yet to read the judgment, Nigeria could not afford to go against the UN Charter to which it was signatory.

He said: “when people are not happy with the way they are treated, they have the right to say they don’t want to belong again, provided they don’t do it illegally by taking up arms.”

He recalled that Eritrea was created out of Ethiopia, while South Sudan was carved out of Sudan, through the clamour for self determination.

Tribune

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JOHESU, AHPA issue fresh 15 days nationwide strike notice

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The Joint Health Sector Unions and Assembly of Healthcare Professional Associations have issued a fresh 15 days strike notice.

This followed an unanimously resolution adopted by the two groups to step down the notice of strike due to expire midnight September 17 and issue a fresh notice of 15 days.

It would be recalled that the union had on September 2 issued the Federal Government a 15 days ultimatum to meet its demands or embark on nationwide strike at the expiry date.

The JOHESU Acting General Secretary, Chief Matthew Ajorutu, said this in a communique issued at the end of an Expanded National Executive Council emergency meeting of the union via Zoom and physical attendance on Friday in Abuja.

The expanded NEC had the Presidents and General Secretaries of affiliate unions and professional associations, NEC members of affiliate unions and JOHESU Chairmen and Secretaries at the state and branch levels.

Ajorutu said that NEC-in-session had critically appraised the reports of JOHESU negotiation and conciliation meetings with the Federal Government since the declaration of the trade dispute through the 15 days strike notice issued on September 2.

He said that NEC also noted the appeal from President Muhammadu Buhari on the need to show understanding with his administration and the President’s pledge to pay any debt owed health workers.

He said that NEC also received and examined reports of congresses held at various health facilities across the country on the mobilisation for the strike action due to commence at midnight on September 18.

According to Ajorutu, NEC, after long hours of exhaustive deliberations on issues surrounding the planned industrial action, resolved that the Federal Ministry of Health should ensure speedy circularisation of all establishment and welfare matters as agreed during negotiation meetings.

He said: “The Federal Government should ensure that the new data for the computation of the adjusted Consolidated Health Salary Structure (CONHESS) for JOHESU members be completed and submitted to the ‘High Level Body (HLB)’ of the FG not later than Wednesday, September 22, as agreed.

“NEC-in-session urges the Federal Government to ensure that the High Level Body (HLB) complete and submit the computation of the adjusted CONHESS for inclusion in the 2022 budget within the September 30th, submission window.

“NEC urges the Federal Government to reciprocate the patriotic humanitarian gesture of JOHESU in the interest of the larger Nigerian masses to expeditiously resolve all the demands within the fifteen days window.

“Finally, NEC-in-Session unanimously adopts a resolution to step down the notice of strike action due to expire mid-night September 17, and issue a fresh notice of fifteen days.”

The communique further said that NEC commended all members for their commitment and understanding towards the struggle for better working conditions, improved healthcare services and social justice for all.

Eagle Online

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Defection: Gumi knocks Fani-Kayode, calls him ‘Judas of Oduduwa’

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Popular Islamic cleric, Sheikh Ahmad Gumi, has described Femi Fani-Kayode as the ‘Judas of Oduduwa’ following his defection from the opposition party (PDP) to the All Progressive Congress (APC).

In a Facebook post on Thursday, Gumi wrote:

“I have for long, neglected the rantings of the Judas of Oduduwa attacking me knowing fully well that he is fake and a traitor.

“Time has now caught up with him and thanks to Allah, all his vituperations are cast in the dustbin of merciless history.

“It is him now, one wonders which of the seven circles of hell this duper will settle if he doesn’t repent.”

Recall that the Fani-Kayode, a former minister of aviation under President Olusegun Obasanjo, berated those fronting for bandits and terrorists in the country. Though he never mentioned names but his rhetorics suggested he was referring to Sheikh Gumi.

On joining the APC, Fani-Kayode, however, said that he was moved by the Spirit to defect from the Peoples Democratic Party (PDP) to the APC, pointing out that he was a founding member of the ruling party.

Arogbonlo Israel,Vanguard News Nigeria

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