News
Okonjo-Iweala alleges her life was threatened during oil subsidy scam
Director General of the World Trade Organisation, Ngozi Okonjo-Iweala, has said her life was threatened for saving Nigeria huge sums of money from oil subsidy scam while serving as the country’s finance minister.
Okonjo-Iweala served as finance minister under the administrations of former Presidents Olusegun Obasanjo and Goodluck Jonathan.
Speaking during an interview organised by Atlantic Council, a United States think-tank on international affairs, on Tuesday, the WTO DG said her life was threatened for doing her job.
Okonjo-Iweala said during Obasanjo’s administration, she worked to ensure renegotiation of Nigeria’s debt in the international community.
She said Nigeria was indebted to the tune of $30 billion to the Paris Club with a debt service of $2 billion a year, of which the country could only pay $1 billion.
The former minister said the country’s debt was later systematised with the help of good reforms.
During the period, Paris Club reached an agreement to grant relief of about $18 billion (60 percent) on the $30 billion owed, which lowered Nigeria’s external debt from $35.94 billion in 2004 to $20.48 billion in 2005.
During Jonathan’s administration, Okonjo-Iweala said her effort was directed at tackling corruption and improving the financial system with the use of technology.
“And just by having an integrated financial management system, we were able to cut down on the phenomenon of ghost workers, you know where people used to put additional people on the payroll in the ministries, ghost pensioners, because ghost workers will graduate to ghost pensioners, and so we got rid of that and saved $1.1 billion for the government,” she said.
“So that is, we were fighting other types of corruption. We had an oil subsidy system in which we used to pay marketers.
“Oil marketers who brought in refined oil, you know, we paid them the difference between the market price, and the subsidised price that the government was mandated for selling oil to people.
“And so, that was when I came the second time. This was a big problem. When I left government the first time in 2006, these subsidies were about $2 billion, when I came back, the first thing we noticed was that it had grown to $11 billion.
“So, I asked President Jonathan that we could audit the oil accounts which he fully supported. When we audited, $8.5 billion of the accounts, we found $2.5 billion of fraudulent claims and with his backing, we refused to pay that to the marketers and that led to a series of problems, which I won’t bore you with, including threats to my life.
“My mother being kidnapped for five days was one of the worst periods of my life and it was a very tough period.
“But, that being said, I think the privilege of serving my country as finance minister for several years, to being able to work on some reforms is one of the best things I’ve ever done.”
News
Under-pressure AIG Okolo says state police comment personal opinion, not IGP’s
Under-pressure AIG Okolo says state police comment personal opinion, not IGP’s
Inspector-General of Police in charge of Information, Communications and Technology (ICT) at the Force Headquarters, Benjamin Okolo, may have been under pressure for saying Nigeria is not ripe for state police.
Since he represented the Inspector General of Police, Kayode Egbetokun, at a forum on Monday with former Nigeria’s presidents and leaders of thoughts, the statement was simply attributed to the IGP.
It was at a national dialogue on state police organised by the House of Representatives in Abuja.
Okolo however on Tuesday retracted the comment, saying he was not directed by IGP Egbetokun to disagree with the position of former Head of State, Gen. Abdulsalam Abubakar, and the former President, Goodluck Jonathan, on the issue of state police at the forum.
Okolo had also proposed that the Nigeria Security and Civil Defence Corps (NSCDC) and the Federal Road Safety Corps (FRSC) be merged to become a department under the police.
Newstrends had quoted Okolo as saying at the Monday forum, “It is the submission of the leadership of the Nigeria police force that Nigeria is yet to mature and ready for the establishment of state-controlled police.
“In view of this, the police leadership rather is recommending the following instead of creating state police.
“First, the Nigeria Security and Civil Defence Corps, Federal Road Safety to form a department under the Nigeria police.”
But in a U-turn, Okolo, at a press briefing at the Force Headquarters, Abuja on Tuesday, said he only made the comment in his personal capacity to stimulate the discourse, and not the official position of the IGP and the police force.
He said, “My expressions on state police at the session held at Abuja Continental Hotel on 22nd April, 2024 are my personal opinion to stimulate the discourse.
“They are not the views of the Inspector-General of Police or the Nigeria Police Force.”
News
Shun politicking, FG tells new 17 Chargé D’affaires, Consuls General
Shun politicking, FG tells new 17 Chargé D’affaires, Consuls General
The Federal Government has advised newly appointed five new Chargé D’affaires and 12 Consuls General to the nation’s mission in other countries to shun politicking and focus strictly on their job.
Minister of Foreign Affairs, Ambassador Yusuf Tuggar, gave the charge while unveiling the new appointees on Tuesday.
He also charged them to be good ambassadors of Nigeria.
A statement by Alkasim Abdulkadir, the minister’s Special Assistant on Media and Communications Strategy, gave these details.
While asserting that they were pivotal to the economic drive of President Bola Ahmed Tinubu, Tuggar further stressed that as seasoned career diplomats, they should recommit themselves to their calling of diplomacy for the collective interest and development of Nigeria.
Reacting on behalf of the new appointees, the just appointed Consul General for the Consulate in New York, Ambassador Abubakar Jidda, reiterated the commitment of his colleagues to uphold the ethos of the profession and pledged to bring the much-needed investments to the country.
He thanked President Bola Tinubu and the leadership of the Ministry of Foreign Affairs for the confidence reposed in them.
The new appointees are to resume immediately, the statement added.
FULL LIST:
Chargé D’affaires
Amb. Saidu Mohammed DODO, Damascus, Syria
Amb. Patrick Imoudu, IMOLOGHOME Pyongyang, Democratic Peoples’ Republic of Korea
Amb. Francisca Kemi OMAYULI
Singapore, Singapore
Amb. Babagana AHMADU
Bangui, Central African Republic
Amb. Mohammed MOHAMMED
Tripoli, Libya.
Consul General Conuslate
Amb. Auwalu Jega NAMADINA
Atlanta, USA
Amb. Nnamdi Okechukwu NZE
Bata, Equatorial Guinea
Amb. Francis Ntui ENYA
Douala, Cameroon
Amb. Gbadebo AFOLABI
Shanghai, China
Amb. Oludare Ezekiel FOLOWOSELE
Hong Kong, China
Amb. Abubakar JIDDA
New York, USA
Amb. Yakubu Audu DADU
Frankfurt, Germany
Amb. Taofik Obasanjo Coker
Buea, Cameroon
Amb. George Collins ONWUEKWE
Guangzhou, China
Amb. Umar Ibrahim BASHIR
Johannesburg, South Africa
Amb. Zayyan IBRAHIM
Dubai, UAE
Amb. Muazam Ibrahim Jibrin NAYAYA
Jeddah, Saudi Arabia
News
Produce copy of invitation to me, Bello challenges EFCC
Produce copy of invitation to me, Bello challenges EFCC
The former governor of Kogi State, Yahaya Bello, refuted allegations that he disregarded an invitation from the Economic and Financial Crimes Commission (EFCC).
According to the EFCC, Bello was summoned for interrogation on January 27 this year but failed to appear, leading to a declaration of him as a fugitive after an unsuccessful attempt to apprehend him at his Abuja residence.
In response to this claim, Bello’s media office issued a statement on Tuesday, challenging the accusations and urging the anti-graft agency to produce a copy of the invitation letter.
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The statement read, “Our attention has been drawn to a publication/press statement with the above title, issued by the Economic and Financial Crimes Commission (EFCC) on Monday, 22nd April, 2024, and signed by Wilson Uwujaren, its Acting Director of Public Affairs.
“In the said statement, which the Commission carefully circulated widely as usual, Mr. Uwujaren, who we have to believe is not a lawyer, continues the EFCC’s ongoing unconscionable lies against the former Governor of Kogi State, His Excellency, Yahaya Bello, CON, by labelling him as a fugitive from justice in order to disingenuously justify their established and willful pattern of defying lawful court orders.
“Contrary to Mr. Uwujaren’s claims, official records and court documents relating to their hounding of Alhaji Yahaya Bello establish a clear timeline of events. These documents are endorsed with dates and times of filing and payments, which are endorsed on court processes – all of which testify to the true sequence of events.”
The statement, signed by Ohiare Michael from Bello’s media office, dismissed the EFCC’s assertions and accused the agency of resorting to intimidation and harassment. It emphasized that while Bello respects the rule of law, he is not afraid of the EFCC.
Produce copy of invitation to me, Bello challenges EFCC
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