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Breaking: Ex-IGP Arase sworn-in as Police Service Commission chairman

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Solomon Arase and President Muhammadu Buhari

President Muhammadu Buhari Wednesday sworn in former Inspector General of Police (IGP) Dr Solomon Arase as the new chairman of Police Service Commission (PSC).

Arase took his oath of office at the Council Chamber of Presidential Villa in Abuja.

The President also swore in five board members of the Code of Conduct Bureau (CCB). They are Murtala Kankia from state (North-West), Zephaniah Bulus from Nasarawa state (North Central), Farouk Umar from Yobe state (North East), Taofeek Abdulsalam from Ondo state (South West) and Professor Juwaria Badamasi from Kogi state (North Central).

Fielding questions from State House correspondents, the new chairman of the Police Service Commission promised to prioritise the welfare of officers and men of the Nigerian Police Force.

He also promised to address the issue of corruption and the recurring crisis between the Inspector General of Police and the Police Service Commission.

“We’ll ensure that we continue to put our local and international expertise at their disposal.

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“We will be strong in training in various areas especially alternative dispute resolution.

“The issue of discipline will be taken seriously. I will not want a situation where civil situations arise. So any officer who steps out of the line, there will be consequences.

“But at the same time, they are my colleagues and children. So I’m going to make sure that I sharpen their skills.

“I’ll ensure that they start having confidence in themselves. With more training, the trust gap between members of the public and the police will be bridged.

“That is what I want to do. That members of the public will collaborate with the police force; see them as part of the larger society.

“Every policeman was a civilian and will return to civilian life after retirement as I have since I retired some seven years ago.

“The benefits that are derivable from good conduct as a police officer, they will continue to reap it when they retire. So that is what I will emphasise,” he said.

On the specific steps to improve the relationship between the commission and the police, Arese said: “If you look at the calibre of people you have in the commission, then you also look at the professional skills of the police management team, there is no way that there won’t be occasional issues.

“What I think we should do is that each of the parties should not learn to take everything. There must be negotiation, empathy and respect for each of our roles.

“I will expect that the commission allows the IGP to exercise his operational control over the police. And that the IG himself will respect the constitutional powers of the Police Service Commission. So, there must be mutual respect between both parties. I don’t foresee any crisis at all.”

On the need to address corruption in the police, he said: “Well, as an Inspector-General of Police, the way I looked at the issue of corruption was to identify it from the source. When you tackle issues that are likely to increase the tendencies to be corrupt, you deal with it. How are you taking care of their welfare?

“How are you ensuring that when they retire, they have a decent house to go to? How are you taking care of their children? Can we organise scholarship schemes for them?

“Can we ensure that when we deploy them, they have the necessary work equipment? When you respect people who work for you…even your dog’s, when they see you, they will wag their tails. So we must take the interest of the Nigerian police officers into consideration. And we’ll douse the issue of corruption. Also, members of the public should not corrupt them.”

Meanwhile, the Federal Executive Council (FEC) presided over by President Muhammadu Buhari has honoured the late Lieutenant-General Oladipo Diya (retd) who died on Sunday, March 26, 2023.

The deceased served as the Chief of General Staff and Vice Chairman of the Provisional Ruling Council during the late General Sani Abacha regime.

Born on April 3, 1944, at Odogbolu in Ogun state, Diya joined the Nigerian Defence Academy in Kaduna and fought during the Nigerian Civil War.

He was appointed Chief of General Staff in 1993 and Vice Chairman of the Provisional Ruling Council in 1994.

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Ondo SSG Oluwatuyi dies weeks after surviving auto crash

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Ondo SSG Oluwatuyi dies weeks after surviving auto crash

Secretary to the Ondo State Government, Tayo Oluwatuyi, has died few weeks after he survived an auto crash.

Oluwatuyi, popularly known as ‘Tukana, was said to be receiving treatment in a hospital Akure before he died.

A statement by the Ondo State Commissioner for Information and Orientation, Wale Akinlosotu, said Oluwatuyi passed away on Saturday.

The statement read, “It is with profound sadness that the Government of Ondo State announces the passing of Hon. Temitayo Oluwatuyi, Secretary to the State Government, on January 4, 2025.

“He was involved in a ghastly car accident on Sunday, 15th December 2024, while travelling to Ibadan and was subsequently hospitalised.

“Hon. Oluwatuyi was a dedicated public servant whose unwavering commitment to administrative coordination, policy advisory, and implementation had a significant impact on Ondo State.

“He served with distinction and played a crucial role in the state government, working closely with the Governor and other top officials of Ministries, Departments and Agencies (MDAs).

“Having served the government in various capacities, including as Chairman of Akure South Local Government, Commissioner and twice as SSG, Hon. Oluwatuyi will forever be remembered for his invaluable contributions to the development of Ondo State.

“The Government of Ondo State extends its deepest condolences to the Oluwatuyi family of Akure, friends, and associates during this difficult time.”

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Your assessment misleading, APC tackles Obi over socio-economic situations

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Peter Obi and Felix Morka

Your assessment misleading, APC tackles Obi over socio-economic situations

One-time Anambra State Governor Peter Obi came under a scathing criticism yesterday from the ruling All Progressives Congress (APC) over his assessment of the security and economic situation of the country.

At a news conference, Obi disagreed with the claims of President Bola Ahmed Tinubu in his New Year Day address which chronicled the feats attained by the APC-led administration.

Obi alleged that the political, economic and security situations in the country have worsened under the incumbent administration.

But the APC, through its National Publicity Secretary, Felix Morka carpeted Obi, describing his assessment as jaundiced, misleading and an attempt to score cheap political points.

In a statement, Morka put a lie to Obi’s claims.

He noted that Obi’s assessment was at variance with all indicators that showed that the nation’s economy is rebounding in significant measure across all sectors.

Dismissing Obi’s claims, Morka said: “While Nigerians celebrated the New Year with hope for a more glorious 2025, Peter Obi, former Governor of Anambra State and former presidential candidate of the Labour Party (LP) in the 2023 general elections, was seemingly stuck in replay of his jangling, gloom-ridden wish-list for our country.

“Obi’s new year message, in which he claimed that the political, economic and security situation of our dear country is worsening daily, is misleading and appears intended to score cheap political points.

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“This claim, at a time when all indicators show that our country is rebounding in significant measure across all sectors, casts Obi, squarely, as Nigeria’s leading doomsayer.”

Morka, who reeled out the achievements of the APC-led administration, said: “In reality, 18 months later, the economy under President Bola Ahmed Tinubu’s administration, has showed steady record of progress.”

He listed the landmarks as:

The ruling party further argued: “Despite these and other initial beneficial outcomes of ongoing unprecedented reforms, the administration is doubling its effort to ensuring that the reforms deliver their fullest benefits for the sustainable growth and transformation of our country.”

The ruling party said that the Presidential New Year message acknowledged that the “cost of food and essential drugs remained a significant concern for many Nigerian households. And to reverse this trend, Mr. President assured that his administration was committed to lowering food prices by boosting food production and promoting local production of drugs.”

The party also highlighted Tinubu’s resolve to crash the current inflation rate from 34 per cent to 15 per cent in the course of this fiscal year as a move to addressing the threat inflation poses to the country’s economy.

The statement further reads: “With the vigour in the administration’s war on corruption, evidenced by ongoing investigations and trial of  well-heeled Nigerians, Obi’s pontification on the urgent need to tame corruption is a clear case  of carrying coal to Newcastle.”

Faulting Obi, the party said: “It is a thing of irony that Peter Obi, who now arrogates to himself to be omniscient and philosopher’s stone, when it comes to our nation’s challenges, left no record of significant achievement, let alone transformation of any kind, in his eight-year tenure as Governor of Anambra State.

“Like his co-travellers in the Peoples Democratic Party (PDP), Obi’s obsessive pessimism and endless but futile effort to incite public outrage against the administration is borne out of their realisation that President Tinubu is unwittingly cementing their ultimate political irrelevance by his visionary and full-throttle reform and transformation of the fundamental pillars of our national life.”

Appealing for citizens’ support and patience, the APC spokesman assured Nigerians that “under the banner of the Renewed Hope Agenda (RHA), President Tinubu is dutifully turning our nation’s fortunes around.

“He (Tinubu) deserves the support  and patience of Nigerians in order to consolidate on the deep economic foundation he has laid, and deliver a vibrant, prosperous new Nigeria for the good of all.  We urge Nigerians to remain confident of better days ahead.”

Your assessment misleading, APC tackles Obi over socio-economic situations

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Currency in circulation now N4.8tn – CBN report

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Currency in circulation now N4.8tn – CBN report

Currency in circulation has reached an all-time high of N4.8 trillion as of November 2024, recording over seven per cent increase from the previous month.

Also, currency outside banks grew significantly in the same month hitting an all-time high of N4.6 trillion from the N4.2 trillion in the month of October.

These figures were contained in the money and credit supply data from the Central Bank of Nigeria (CBN).

The currency in circulation is the amount of cash–in the form of paper notes or coins–within a country that is physically used to conduct transactions between consumers and businesses.

It represents the money that has been issued by the country’s monetary authority, minus cash that has been removed from the system.

Similarly, currency outside a bank refers to cash held by individuals, businesses and other entities that is not stored in banks.

The currency outside the bank represents about 96 per cent of the currency in circulation.

Nigerians have in recent times been facing acute cash shortage with banks limiting daily withdrawal at Automated Teller Machines (ATMs) to N20,000 irrespective of the number of accounts held by an account owner.

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According to the latest data, the currency in circulation grew by seven per cent to reach 4,878,125.22 from 4,549,217.51 in October.

Currency in circulation has grown steadily in the outgoing year 2024 with over one trillion naira added to cash in circulation after starting the year with N3.65 trillion in January.

In February, the currency in circulation slightly increased to N3.69 trillion representing an increase of N43 billion or 1.18 per cent from the January figure.

March also saw an appreciable increase to N3.87 trillion while it further increased to N3.92 trillion in the following month of April.

The growth trajectory continued in May with the currency in circulation increasing slightly to N3.97 trillion, an increase of N42 billion or 1.07 per cent while it reached an all-time high of 4.04 trillion, an increase of 2.11 per cent from May.

The July figure also rose marginally with the currency in circulation settling for N4.05 trillion before growing to N4.14 trillion in August and N4.43 trillion in September and N4.5 trillion in October.

In the same vein, currency outside banks grew from N4.2 trillion in October to N4.6 trillion in November, showing increasing preference for other means of storing outside bank deposits.

Economist, Dr. Paul Alaje attributed the development to the expanding money supply, adding, “Money supply is expanding but this may not necessarily be in cash. As it is expanding, it will necessarily induce inflation. But you can’t blame the people. People must look for money. How much was bottled water last year, how much is it today? All of this will induce inflation. If you now ask, what is the cause of inflation? Is it money supply itself or a devaluation policy? It is a devaluation policy. Money supply is an offshoot. So the Central Bank is raising interest rates to actually reduce money supply but the more they try the more money supply expands.”

He stated that the floatation policy of the CBN has created inflation, adding, “It is like chasing one’s tail and I don’t know if you are going to catch it.”

Currency in circulation now N4.8tn – CBN report

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