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EXCLUSIVE: EFCC uncovers how Emefiele spent N18billion to print N1billion notes

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A fresh investigation by the Economic and Financial Crimes Commission (EFCC) has revealed how a former Governor of the Central Bank of Nigeria, Godwin Emefiele, allegedly orchestrated the printing of one billion pieces of N100 banknotes and the production of 5000 pieces of acrylic blocks, PREMIUM TIMES can report today.

 

The notes and acrylic blocks were procured in commemoration of Nigeria’s centenary celebration in October 2014. Acrylic blocks are used for photopolymer stamping.

 

Sources within the anti-graft agency disclosed that Mr Emefiele did a memo to former President Goodluck Jonathan on September 1, 2014 preparatory to the centenary celebration seeking approval to print the banknotes and acrylic blocks without passing through the board of the CBN as demanded by the CBN Act, 2007.

 

Findings showed that contrary to Section 19(1)(b) of the CBN Act, 2007, which stipulates that the currency notes and coins issued by the CBN shall be of such forms and design and bear such devices as shall be approved by the President on the recommendation of the Board of the Bank, Mr Emefiele obtained the approval of the former President before presenting it before the Board for ratification.

 

The contract for the award of the printing of one billion pieces of N100 banknotes and production of 5000 pieces of acrylic blocks was awarded in the sum of $121, 660,000.00 (N18,911,524,842.62 at the time).

 

The contract was allegedly prearranged in favour of a Swedish company, Crane Currency, Sweden (the company supplies the CBN with banknote printing and other currency-related services).

 

The contract was awarded to Crane Currency on September 17, 2014. An advance payment of $72,996,000.00 was made to the company through its Nigerian subsidiary, representing 60 per cent of the contract sum of $121,660,000.00.

 

The company received the advance payment through the Currency Operations Department of the CBN, which is a clear breach of an established practice of paying for major currency contracts through letter of credit.

 

Although $72,996,00.00 was recorded to have been made to Crane Currency, only $39,848,991.90 was actually transferred to the company. The balance of $32,716,050.00 was held back and converted to Naira at N162 per dollar.

 

Investigators say this was then moved to the account of the Nigerian subsidiary of the Swedish company and amounted to N5.3 billion. “This sum represents the inflated amount the contract yielded for top officials of the CBN and their partners in crime,” one investigator said. “The contract was overinflated to benefit certain individuals within and outside the bank.”

 

The N5.3 billion was initially shared by parties to the inflated contract. Investigators told the newspaper that the EFCC has so far recovered N3,180,236,254.42 from those indicted in the alleged scam. The source further stated that pressures were being mounted on the EFCC Chairman to release the fund to them, claiming it was a a proceed of legitimate transactions.

 

When contacted, the spokesperson to the EFCC, Dele Oyewale, confirmed that his agency was investigating the matter but declined to provide further details. “There is nothing I can tell you at this point because our people are still working on the matter,” Mr Oyewale said.

 

Mr Emefiele could not be reached for comments. All his known mobile telephone numbers did not connect.

 

Credit: Premium Times

Wanni and Handi Are Keeping BBNaija Fresh and Alive with 5-Star Content

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Wanni and Handi are not just trending because they’re twins – they’re trending because they bring 5-star content to the ongoing BBNaija show. Their impact on the show has been undeniable, making them stand out as central figures this season.

Wanni, in particular, has grabbed the show by the horns. Even with her ongoing relationship (“ship”), she remains fully committed to creating content that engages the audience. Traditionally, once a housemate, especially a woman, enters a relationship, she tends to become more cautious and withdraws from the spotlight. But not Wanni. She’s actively involved, making herself the center of attention, proving that you can be in a relationship and still own the show.

On the other hand, Handi brings a more conservative vibe, but don’t let that fool you. She’s quickly becoming the focal point of various subplots – from confrontations to flirtations, everything seems to be revolving around her. This slow-build content creation is keeping viewers hooked and contributes to the steady tension in the house, a hallmark of good reality TV.

If it weren’t for the efforts of these two, the season might have lost momentum. The Nigerian economy may not be in a great place, and people are struggling to find reasons to care about the show. But with Wanni and Handi leading the charge, they’ve managed to inject life into BBNaija’s “No Loose Guard” season, giving the audience something truly refreshing and exciting to watch.

From Russia to Malta: How Matrix Energy import dirty petrol

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Leaked documents and extensive interviews with sources have unveiled how Africa’s biggest oil-producing country has been importing substandard petroleum products from Malta, a country with no known oil refineries.

The confidential files, obtained by BusinessDay, detailed a complex scheme involving the importation of low-quality petroleum petrol from Russia to Malta for blending before being shipped to Nigeria.

 

One of the leaked documents suggests Matrix Energy, a company with both upstream and downstream operations has been importing blended low-grade petroleum products with higher-quality fuel before distributing it to the Nigerian market.

Findings showed Matrix Energy owned a 150 million litre capacity depot in Warri (Bluefin Depot), three old ships (Matrix Pride, Matrix Triumph, Matrix S.ILU), and about 600 trucks.

 

“They are very active in the import of Russian products through various blending locations,” a senior source involved in the shipping business told BusinessDay.

 

Shipping tracking data seen by BusinessDay showed the loading of off-spec (bad fuel) products by matrix vessels such as vessel ‘MT Kallos’ from a ship that just arrived from Novorossiysk, Russia on 26 May 2024.

 

“The scale of this is alarming! First of all, Russia was excommunicated from the swift global banking framework of nearly 12,000 banks — which means Russian banks cannot open letter of credit for exports, which makes any oil and gas transaction between Nigerian companies and Russian refineries illegal,” Kelvin Emmanuel, energy expert and co-founder and CEO of Dairy Hills said.

 

Shipping data showed 15,0000 tons of petroleum products were transloaded into the vessel “Matrix Triumph” on 16th June which was thereafter discharged into Matrix Jetty in Warri on 21st June.

 

“Diesel from Russia is typically offspec and is often corrected in places like Lome and Malta by blending with other components. In this case, there was no correction done as the vessel immediately transloaded into Matrix ships immediately upon arrival at offshore Lome on 16 June,” another source said.

 

“They are selling flammable diesel with toxic fumes to Nigerians while pocketing huge profits,” he added said.

 

This import of bad diesel by Matrix was confirmed during the visit of the House of Reps to the Dangote Refinery on July 20 2024 when they bought and tested diesel from Matrix filling stations and found the sulphur levels to be above 2,653ppm against a requirement level of 50 ppm.

 

During the visit, Aliko Dangote, president of Dangote Group said diesel bought from TotalEnergies and Matrix filling station and that from his refinery were tested at the refinery’s laboratories.

 

Dangote said the test was carried out using an Energy Dispersive X-ray Fluorescence (ED-XRF) Spectro Photometer, using the ASTM D4294 method.

 

ASTM D4294 test method provides rapid and precise measurement of total sulfur in petroleum and petroleum products with a minimum of sample preparation. A typical analysis time is 1 min to 5 min per sample.

 

He said the diesel was bought in the presence of the lawmakers.

 

“Our quality is about 600 to 650 ppm and is one of the best in terms of quality at that time when we started. But as of today, we’re at 87 ppm,” he said.

 

“The sample from TotalEnergies’s diesel showed 1,829ppm sulphur concentration. The sample from Matrix Retail showed 2,653ppm,” Dangote told the lawmakers last July.

 

Matrix Energy

 

Matrix Energy Group is owned by Abdulkabir Aliu who is also the CEO of the company.

 

At the helm at Matrix Energy Group is Abdulkabir Aliu, serving as the group managing director. The team comprises key figures like Luqman Salam-Alada, executive director downstream, and Aisha Said-Aliu, group head, business development and strategy.

 

Other notable members include Oluwatoyin Showunmi, executive director -retail, Olabisi Sogunro, group head, support services, and Olajide Aogo, managing director of Matrix Fertilizer.

 

He is a member of the Presidential Economic Coordination Council (PEEC), an elite body of eminent Nigerians mandated to come up with sustainable ideas to bolster the nation’s economic governance framework and ensure robust and coordinated economic planning and implementation.

 

Emmanuel said, “The test that was done that shows some companies have sulphur level above 2,000 parts per million for diesel corroborates with the fact that you’ve off-spec adulterated diesel routed from refineries in Russia, that is corrected at blending plants in Malta and Lome.”

 

“This is grounds for the President to immediately sanction the regulators responsible for policing the midstream and downstream sector, and also take action concerning the leadership of the Oil and Gas sector in Nigeria,” Emmanuel said.

 

Leaked vessel arrival ullage report from the Nigerian Midstream Downstream Regulatory Authority (NMDPRA) showed Pinnacle Oil and Gas FZE terminal received petroleum products from Malta.

 

Peter Mbah, the current governor of Enugu state is the CEO of Pinnacle Energy.

 

Sources close to the matter confirmed that the refined petroleum products weren’t for Pinnacle Energy but NNPC Retail. However, the terminals of the former were used to receive refined petroleum products from Malta.

 

“The product was for an NNPC retail. And it comes from NNPC trading and NNPC trading buys from trading companies. Matrix Energy is one of the trading companies.

 

“In addition to having their own terminal and their own retail outlets and so on. They are one of the importers,” one of the sources said.

BusinessDay’s investigation revealed that this is the first time the terminal would be used to bring in cargo from Malta.

 

25% of Nigeria’s petrol consumption

 

BusinessDay’s findings showed in July 2024 over 200,000 tons products of gasoline from Malta was allegedly discharged into a Jetty owned by Matrix Energy.

 

“This represents about 25 percent of Nigeria’s monthly PMS consumption going to a relatively small player with only 150 retail stations,” a leaked document said.

 

Leaked shipping documents showed the vessel “Twinkle Star” loads from St. Petersburg, Russia on 20th March and transloads into the vessel “Northernlight” at Malta on 22nd May which then proceeded to Lagos.

 

The vessel “Matrix Triumph” then loads from Northernlight in Lagos and then discharges into a depot in Warri.

 

Findings showed this importation was done through intermediate ships and sometimes through intermediate companies like Poly Pro Trading registered in Dubai Free Trade.

 

BusinessDay findings showed Malta is now the top European destination for blending and ship-to-ship (STS) transfers of sanctioned Russian oil and petroleum products ever since the Greek navy decided to stop such activities in their offshore zone.

 

Data from Kpler, a global trade intelligence platform showed from May 1 to August 1 2024 there were 122 STS transfers recorded in various regions. The Malta lightering area accounted for the majority, with 44 percent of transfers, followed by Augusta in Sicily (Italy) with 11 transfers (9%), and Lome in Togo with nine transfers (7%).

 

“This lower-quality spec is then transhipped into various vessels for delivery into Nigeria to be sold to an unsuspecting public who suffer frequent vehicle and equipment breakdowns Zone,” leaked document said.

 

Emmanuel said, “The test that was done that shows some companies have sulphur level above 2,000 parts per million for diesel corroborates with the fact that you’ve off-spec adulterated diesel routed from refineries in Russia, that is corrected at blending plants in Malta and Lome.”

 

“This is grounds for the President to immediately sanction the regulators responsible for policing the midstream and downstream sector, and also take action concerning the leadership of the Oil and Gas sector in Nigeria,” Emmanuel said.

 

Dirty fuel reduces life expectancy

 

A report by Stakeholder Democracy Network (SDN), a non-governmental not-for-profit organization said It appears to be easy for sub-standard fuel imports to enter Nigeria, “so it is probable that large volumes of fuel consumed are of poor quality, causing significant damage to public health, engines, and the environment”.

 

“This contributes to air quality levels that cut life expectancy by 4.7 years in the Niger Delta, the worst hit area across the African continent,” SDN said in its report.

 

In 2020, SDN’s research sampled official petrol imports and found average sulphur levels more than seven times the legal limit, average diesel samples more than 43 times the limit, and a few with excessive levels of other toxins.

 

“The weakness in regulating fuel quality poses a serious health risk to those living in Nigeria. International commodity traders and Nigerian marketers are exploiting the lack of regulation to import these low-quality fuels, and improved standards and regulatory enforcement are urgently needed,” SDN said.

 

Credit: Business Day

Mike Afolarin’s Dedication & Authenticity Shine Through In Every Role

Nollywood is one of the best film industries, but breaking into it and achieving success is no easy feat, especially with so much talent vying for attention in Nigeria. However, Mike Folarin’s hard work has paved the way for him, setting him apart in a crowded field. Directors and producers recognize something unique and different in him, which makes him the ideal actor to collaborate with. His dedication and authenticity shine through in every role, proving that with perseverance and talent, it’s possible to thrive in this competitive landscape.

 

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 With know short cut mike folarin as become an household in nigeria cinema and his not stopping yet, he feature in several movie from cinematic to stream that face his always everywhere, spotlighting him in this edition of Nollywood wave is some deserving and we cant wait for the world to see more of what he has in store

Mike Afolarin has swiftly become one of Nollywood’s most compelling figures, known for his dedication to his craft and his ability to breathe life into every role. Born and raised in Lagos, Nigeria, Mike’s journey into acting was anything but straightforward. His early career behind the camera, honing his skills in photography and film production, gave him a solid foundation in storytelling and a deep appreciation for filmmaking.

 

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He didn’t just memorize lines; he fully immersed himself in his characters, bringing authenticity and depth to every performance. This dedication was evident in his breakout role in the 2019 film Your Excellency, where his portrayal left a lasting impression on audiences. However, it was his role in the hit Netflix original series Far From Home that truly cemented his status as a rising star. In the series, Mike stars in the leading role as Ishaya Bello, a young artist from a poor background who dreams of becoming a world-renowned artist. Mike didn’t just play the role; he lived it, drawing viewers into the character’s world and making them feel every emotion.
His versatility as an actor is one of his greatest strengths. Whether playing a romantic lead, a troubled character, or a comedic role like the one he currently portrays in the ongoing series Bottom Line on Ndani TV’s YouTube channel, Mike brings a unique energy and sincerity to the screen. His ability to adapt to different roles and genres has made him a favorite among directors and a beloved figure among fans.

 

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Mike’s recent work includes his performance in House of Gaa, currently streaming on Netflix, where he played a role we didn’t know we needed until the movie was released. He portrayed Oyemekun, one of the sons of Bashorun Gaa, adding a dynamic layer to his filmography. The fact that Mike Afolarin embodied this character made him even more endearing. Mike continues to showcase his talent and versatility. His roles in films such as Solee, Adire, Ajosepo and Boy Trouble have further solidified his reputation as a versatile actor. Notably, Mike starred alongside Tiwa Savage in Water and Garri, available on Prime Video, and made his first appearance on Netflix in Kasala, alongside veteran actors like Sola Sobowale, Lateef Adedimeji, and Adunni Ade in 2018.

As Mike continues to expand his filmography with exciting new projects like Freedom Way, currently showing at the Toronto International Film Festival, Asiri Ade and Red Circle, expected to be released next year, he’s not just building a career-he’s setting a new standard in Nollywood. His journey is a powerful reminder that success in the film industry is about more than just talent; it’s about passion, perseverance, and an unwavering commitment to one’s craft. With his combination of humility, skill, and dedication, Mike Afolarin is not just a rising star; he’s a trailblazer, leading the way for the next generation of Nollywood talent.

 

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 What makes Mike Afolarin truly stand out in Nollywood is his style. On and off the screen, Mike carries himself with an effortless cool-whether he’s donning traditional attire or stepping out in streetwear. His fashion sense is an extension of his personality: bold, eclectic, and always authentic. This, combined with his undeniable talent, has made him a favorite among fans and a darling of the media.
As Mike Afolarin continues to rise, it’s clear that his journey is only just beginning. With a string of successful projects behind him and a growing list of future roles, he’s poised to become one of Nollywood’s greats. But beyond the fame and accolades, what truly sets Mike apart is his genuine love for the craft.
For those who’ve had the pleasure of watching him on screen, it’s easy to see why Mike Afolarin is one of the most exciting talents in Nollywood today. And for those who haven’t? Well, it’s only a matter of time before they too fall under his spell.

Article by Tife Anihuntodun

BREAKING: PRESIDENT TINUBU AND PRESIDENT MBASOGO SIGN AGREEMENT ON GAS PIPELINE FOR GULF OF GUINEA

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President Bola Tinubu and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo on Wednesday evening in Malabo signed an agreement on Gulf of Guinea Pipeline Project, further affirming partnership for mutual development.

The agreement covered legislative and regulatory measures for the gas pipeline, establishment and operation, transit of natural gas, ownership of the gas pipeline, and general principles.

 

In his remarks at the event, President Tinubu, who is on a three-day official visit to Equatorial Guinea, said the signing of the agreement will open up new opportunities for gas exploration and employment.

The President stated that the two leaders had discussed issues related to the creation of employment, food security, multilateral relations, and conflict resolution mechanisms on the continent during a private meeting that preceded the signing of the agreement.

 

“Concerning Africa, conflicts and conflict resolution were discussed. We discussed various areas of conflicts and what we can do to promote peace.

“We talked about promotion of peace and stability in our countries, and growth and prosperity on our continent.

 

“In the same way that Europe and America have kept themselves and found a solution for their conflicts, we have to look at both inadequate capital, industrialization efforts, research and development programmes, and enlighten our people, navigate our way through problems.

 

“Instead of the crisis and conflicts that we see in the Republic of Congo, and others, we have to look inwards to solve problems ourselves,’’ the President said.

 

President Tinubu said the discussion with the President of Equatorial Guinea also covered challenges of security, African Continental Free Trade Area (ACFTA), and food security.

 

“We are all going for it. Within Africa and the African Union, we have resolved that we will work together to make sure that the solution to many of our problems in Africa comes from within,’’ the President concluded.

 

In his remarks, the President of Equatorial Guinea said bilateral relations with Nigeria over many years have been rewarding and emphasized the need to deepen cooperation across salient areas.

 

President Mbasogo said Africa’s vision of having a permanent seat in the Security Council of the United Nations is vital for the development of the continent, affirming that Equatorial Guinea will work with Nigeria to realize the objective.

 

The President of Equatorial Guinea said the signing of the agreement was strategic for Africa’s development.

 

The Minister of Foreign Affairs, Ambassador Yusuf Tuggar of Nigeria, and Mr. Simeon Oyono Esono, Minister of Foreign Affairs of Equatorial Guinea, also signed the agreement.

 

The Minister of Justice and Attorney General of the Federation, Chief Lateef Fagbemi, SAN; Minister of Defence, Muhammad Badaru Abubakar; Minister of Interior, Dr. Olubunmi Tunji-Ojo; Minister of State, Petroleum, Gas, Ekperikpe Ekpo, and Minister of Youth Development, Dr. Jamila Ibrahim- Biu were present at the signing of the agreement.

 

Chief Ajuri Ngelale

Special Adviser to the President

(Melldia & Publicity)

 

August 15, 2024

Finnish Gov’t Confirms Legal Actions Against Simon Ekpa’s Secession Activities

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The Finnish government has confirmed that it is taking legal action against a prominent pro-Biafran agitator linked to the Indigenous People of Biafra (IPOB), Simon Ekpa, over his involvement in secessionist activities in Nigeria’s South-East region.

 

Finland’s Minister for Foreign Affairs, Elina Valtonen, made this disclosure during a press conference in Abuja on Tuesday.

 

Valtonen, who was in Nigeria along with her Nordic counterparts, revealed that the case involving Ekpa is now being handled by Finnish courts, following a report by the Nigerian government.

 

“The case of Ekpa, whose activities were reported to the Finnish government by the Nigerian authorities, is now before Finnish courts,” Valtonen stated during the conference.

 

Simon Ekpa, who refers to himself as the Prime Minister of Biafra, has been a vocal advocate for sit-at-home orders in the South-East, despite the IPOB leadership suspending the practice.

 

His controversial actions have drawn significant attention, particularly in the lead-up to Nigeria’s presidential and national assembly elections in February 2023.

 

Just days before the elections, Ekpa was arrested at his residence in Lahti, Finland, after making threats that the elections would not take place in the South-East.

 

The arrest was reported by the Finnish newspaper Helsingin Sanomat. However, despite his arrest, Ekpa has continued to be active on social media, promoting his pro-Biafran stance.

 

The Indigenous People of Biafra (IPOB) has distanced itself from Ekpa, particularly after his arrest. He was reportedly scheduled for an interview before being detained by the Finnish authorities.

 

Minister Valtonen’s visit to Nigeria was part of a broader delegation of Nordic ministers from Sweden, Finland, Iceland, Norway, and Denmark. The delegation’s visit aimed to strengthen trade ties and address issues such as countering violent extremism in West Africa and achieving sustainable development goals.

 

The ministers are continuing their two-day visit in Ghana, where they are seeking to solidify relations on the African continent.

Federal Gov’t Blocks N83bn ‘Protest Funds’, Arrests Key Sponsors In Abuja, Kano, Kaduna

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The Federal Government has successfully traced and blocked a total of N83 billion in cryptocurrency and fiat money reportedly channelled towards funding the recent nationwide protests against hardship and bad governance in Nigeria.

 

The development was revealed during the inaugural meeting of the Council of State meeting convened by President Bola Tinubu at the Aso Rock Villa, Abuja, on Tuesday.

 

In a presentation titled, “The Nationwide Protest As It Affects National Security,” National Security Adviser (NSA), Nuhu Ribadu, disclosed that the government had tracked $50 million in cryptocurrency, of which $38 million was frozen in four different wallets. Additionally, N4 billion, contributed by various political actors from Abuja, Kano, Kaduna, and Katsina States, was identified as part of the protest funds.

 

Ribadu also unveiled that an unnamed European national has been identified as the mastermind behind the proliferation of foreign flags during the protests. According to Ribadu, this individual will soon be declared wanted by the Nigerian Police Force (NPF).

 

Local conspirators, traced to Abuja, Kano, and Kaduna, have been arrested. One source with direct knowledge of the meeting, speaking on condition of anonymity, confirmed, “The government was able to trace $50 million to crypto wallets that were donations to the protests. They succeeded in blocking four of those wallets containing $38 million. They also discovered that political actors contributed N4 billion to fund the protests.”

 

The Council of State meeting, which also addressed issues of national security, the economy, and food security, was attended by notable figures, including former Presidents Goodluck Jonathan and Muhammadu Buhari, as well as former Heads of State General Yakubu Gowon and General Abdulsalami Abubakar, who joined virtually. Governors of Abia, Adamawa, and Akwa Ibom States were also in attendance. However, former President Olusegun Obasanjo and former Head of State General Ibrahim Babangida were notably absent.

 

The meeting took place just days after a one-million-man march in Abuja, marking the 10th day of nationwide protests against the rising cost of living. The protests, which began on August 1, quickly escalated into violence, particularly in the northern regions, resulting in the reported deaths of at least 17 people.

 

Viral videos from the protests in Kano, Kaduna and Zamfara States showed demonstrators waving foreign flags, including the Russian flag, and chanting in Hausa, “We don’t want bad government” and “Welcome, Russia.” The Nigerian military has since condemned the use of Russian flags during the protests as a “treasonable offence” and vowed to take serious action against those responsible.

 

In a national broadcast on August 4, President Tinubu addressed the ongoing protests, urging demonstrators not to allow “enemies of democracy” to exploit them for promoting an “unconstitutional agenda” that could jeopardize Nigeria’s democratic progress.

 

The protests, which started as a response to the rising cost of living, have drawn significant attention due to the involvement of foreign elements and the substantial funds allegedly mobilized to sustain the unrest.

Speaker Abbas makes a U-turn, withdraws counter subversion bill

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Speaker Abbas makes a U-turn, withdraws counter subversion bill

 

Speaker of the House of Representatives, Hon. Abbas Tajudeen has ordered the withdrawal of the Counter Subversion bill sponsored by him which tends to proscribe harsh punishment for those accused of engaging in activities regarded as subversive.

 

The bill sought to punish between two and twenty-five years imprisonment or a fine of between N2 million and N15 million both on individuals and organizations or both on those found guilty.

 

The objective of the bill, a copy of which was sighted by The Nation is to (a) Provide for a legal and institutional framework to detect, prevent, investigate, criminalize, prosecute, and sanction subversive and related activities; and regulate the procedure and determine how the provisions of this Act shall be carried out”.

 

The bill was presented to the House and gazetted as House Bill 1652 on the 23rd of July alongside three bills sponsored by the Speaker and listed on the same day.

 

The others are counter sabotage bill 2024 (HB 1651), counter-insurgency bill 2024 (HB 1653) and Espionage (Prevention and Prohibition) bill 2024 (HB 1654).

 

After an initial statement explaining that the bill was not targeted at any individual or group, the Speaker issued another statement withdrawing the bill.

 

The statement titled: “Withdrawal of the Counter Subversion and Other Related Bills” signed by Special Adviser on Media and Publicity, Musa Abdullahi Krishi, the Speaker said he was withdrawing the bill in response to the voices and concerns of the people.

 

The statement said: “This decision follows his extensive consultations with a broad range of stakeholders and a careful consideration of the nation’s current circumstances.

 

“Speaker Abbas Tajudeen, a champion of the people’s interests, has always prioritized listening to the citizens and fostering unity. His decision reflects his commitment to ensuring that the House remains truly the People’s House.

 

“He acknowledges the significance of the concerns raised and the attention the Bill has garnered, reaffirming that he will never support any action that might disrupt the peace and unity of our nation.

 

“The public is hereby notified of the withdrawal of the Counter Subversion Bill and other related ones introduced on July 23, 2024”.

 

According to the bill which has 24 clauses, any “person who engages in activities that result to mutual suspicion, mistrust, distrust or intolerance which degenerates into conflict and violence that threatens the corporate existence, peace and security of the Federation of Nigeria, commits an offence and is liable on conviction to a fine of N5,000,000 or imprisonment for a term of 10 years or both”.

 

The bill also states that “A person who engages in illegal road traffic function, illegal roadblock, imposition of illegal curfew, the conduct of illegal procession, checkpoint, and other similar acts, commits an offence and is liable on conviction to a fine of N2,000,000 or imprisonment for a term of five years or both.

 

“From the commencement of this Bill, all voluntary or volunteer services groups that seek to provide services under section 3 of this Bill shall be registered with the appropriate authority before rendering the service.

 

“A person who forcefully takes over any place of worship, town hall, school, premises, public or private place, arena, or a similar place through duress, undue influence, subterfuge or other similar activities, commits an offence and is liable on conviction to a fine of N5,000,000 or imprisonment for a term of 10 years or both.

 

“A person who professes loyalty, pledges or agrees to belong to an organisation that disregards the sovereignty of Nigeria, commits an offence and is liable on conviction to a fine of N3,000,000 or imprisonment for a term of four years or both.

 

“A person who makes a statement does something or directs or encourages another person or group to do something that will lead to separatist agitation or intergroup or sectional conflict, commits an offence and is liable on conviction to a fine of N10,000,000 or imprisonment for a term of 25 years or both”.

 

It said further that “A person who destroys national symbols; refuses to recite the national anthem and pledge, defaces or abuse a place of worship to cause violence and subvert the Government of Nigeria, commits an offence and is liable on conviction to a fine of N5,000,000 or imprisonment for a term of 10 years or both”.

 

Clause 9 stipulates that (1) A person who interacts, communicates liaises, associates with locally based cult groups, criminal gangs or proscribed organisations, commits an offence; A person who interacts, communicates, liaises, associates with foreign-based criminal gangs or proscribed organisations or countries detrimental to the welfare, security, development and progress of Nigerian, commits an offence; A person who commits an offence under this section is liable on conviction to a fine of N10,000,000 or imprisonment for a term of 15 years or both.”

 

It states further that “a person who receives financial or political support from a foreign organisation, group or country that is not compatible with the interest, development, security, and progress of Nigeria, commits an offence and is liable on conviction to a fine of N15,000,000 or imprisonment for a term of 20 years or both”.

 

For those receiving foreign aides, it said (1) A foreign-based person, group or organisation that makes statements injurious to the peace and security of Nigeria and relates with or is influenced by a locally based person, group or organisation, commits an offence; (2) A locally based person that fails to refute, condemn, and associate themselves with any statement made by a foreign-based person, group or organisation, commits an offence; (3) A person who commits an offence under this section is liable on conviction to a fine of N5,000,000 or imprisonment for a term of 5 years or both”.

 

The bill which has now been withdrawn by the Speaker also provided that “every person, group or organisation that engages in activities that undermines national security, harmonious community interaction, peaceful coexistence and the maintenance of law and order, commits an offence and is liable on conviction to a fine of N3,000,000 or imprisonment for a term of five years or both.

 

“A person, group or organisation that persistently disregards, disobeys, or disrespects constituted authority, rules, regulations, order or contravenes the law willfully, commits an offence and is liable on conviction to imprisonment for a term of 3 years at the first instance and seven years for a subsequent offence or to a fine of N5,000,000 or both.

 

“A person who habitually violates the law, refuses or prevents arrest, disrupts legal processes or proceedings, engages in contrary behaviour or persistent and recalcitrant, defiance and rebellion against constituted authority, commits an offence and is liable on conviction to a fine of N5,000,000 or imprisonment for a term of seven years or both.

 

“A person who establishes, creates, operates or maintains, funds, supports or assists a para-military, guard, brigade, organisation, corps, union, militia, cult or bandit group under whatever name or guise, except established by-laws passed by the National Assembly or State House of Assembly, commits an offence and is liable on conviction to a fine of N10,000,000 or imprisonment for a term of 15 years or both”.

 

Clause 16 states that (1) A person group or organisation that engages in aggressive, violent or intimidating conduct that results in the death of a person, commits an offence and is liable on conviction to death.

 

(2) A person group or organisation that engages in conduct that results in grievous bodily harm or loss of property, commits an offence and is liable on conviction to a fine of N5,000,000 or imprisonment for a term of seven years or both and to the payment of adequate compensation to the victim of the crime.”

 

Furthermore, the bill had planned to ensure that “A person who illegally constructs a structure or takes over a public place, road or fields without permission from the authority in charge of the place, commits an offence and is liable on conviction to a fine of N1,000,000 or imprisonment for a term of three years or both.

 

“A person who castigates, instigates, persuades, denigrates, embarrasses or brings into disrepute the leadership of a community, religion, lawful group, local government, State or Federal Government of Nigeria, commits an offence and is liable on conviction to a fine of N4,000,000 or imprisonment for a term of two years or both”.

 

Other acts that the law would have imposed punishment include conduct that displays loyalty, pledges allegiance to another country or denounces his loyalty to Nigeria as well as persons who inspire, instigate, encourage or direct defiance, mentor, fund or abets or conspire with any person group or organisation in opposition or destruction of an existing state institution, structures or values by illegal conduct or violent acts.

 

Ownership, possession, production, distribution, importation, handling, and uses abs established security, military, police, or intelligence agency uniforms, emblems, or accoutrements, is supposed to attract a fine of N2,000,000 or imprisonment for a term of two years or both on conviction.

 

Prosecution of offences provided in the withdrawn Bill was supposed to be as prescribed in the Administration of Criminal Justice Act and subject to the powers of the Attorney-General of the Federation, Legal Officers of the Service shall undertake and conduct prosecution of offences under this Bill.

 

The bill has been attracting comments from Nigerians since its introduction.

Finance Minister Wale Edun Met Key Stakeholders In Oil Gas Industry

The Minister of Finance, Wale Edun, has met with key stakeholders in the oil and gas industry, following President Bola Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL), to sell crude oil to local refineries in naira.

 

Those in attendance included the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Group Chief Executive Officer of NNPCL, Mele Kyari, Executive Chairman of the Federal Inland Revenue Service, Dr Zacch Adedeji, and the Permanent Secretary of the Ministry of Finance, Lydia Jafiya.

 

It stated that the initiative is intended to strengthen the domestic economy and support the sustainable operations of local refineries, including the Dangote Refinery.

 

“On Monday, the Honourable Minister of Finance and Coordinating Minister of the Economy, Wale Edun, led a key meeting aimed at implementing President Tinubu’s directive for the Nigerian National Petroleum Corporation Limited to sell crude oil to local refineries in Naira,” the post read.

 

“This initiative is intended to strengthen the domestic economy and support the sustainable operations of local refineries, including the Dangote Refinery.

 

“The meeting brought together important stakeholders, including Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, Group Chief Executive Officer of NNPCL, Mele Kyari, Executive Chairman of the Federal Inland Revenue Service, Dr. Zacch Adedeji, Permanent Secretary of the Ministry of Finance, Mrs. Lydia Jafiya, and other notable participants.”

Two superstars. Two experiments. Different outcomes. How come?

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Two superstars. Two experiments. Different outcomes. How come? And before you come to quote chart performance, kindly realise that an average or even a poor song with good marketing can do very well on the charts. Commercial success is not the same as critical acclaim.

 

Both artistes’ ascent to stardom shows the impact a solid label can make: Rema reached the peak in 5 years, pushed to the front by the Mavin machine. Asake did it in 2 years, with back to back classic albums and the full blessing of YBNL.

Asake’s debut album ‘Mr. Money with the Vibe’ was an instant classic and arguably one of the best debut by an Afrobeats artiste. Not even Rema’s ‘Raves and Roses’ drew as much critical acclaim. Asake cemented his superstar status with his sophomore album, ‘Work of Art’, an album that is worth its weight in gold. The album was successful both critically and commercially, spawning hit singles like ‘Lonely at the Top’, ‘Remember’, ‘2:30’, ‘Basquiat’, ‘Yoga’.

 

So, naturally, expectations were high for ‘Lungu Boy’. When he released ‘Only Me’ in January 2024, it seemed we were on track to get a trifecta: back-to-back-to-back classic albums. The single didn’t even make it to ‘Lungu Boy’ – an indication that something radically changed in the lead up to the album release.

 

My hypothesis? There are two versions of ‘Lungu Boy’. A first one containing ‘Only Me’ with majority of the songs produced by Magicsticks and Blaisebeatz. And a second version with most of the production handled by P.Priime with input from Sarz, engineered for global appeal hence the heavy international features. We got the second version.

Similarities between Rema’s ‘HEIS’ and Asake’s ‘Lungu Boy’? Both albums are experimental with notable deviations from the core sounds each fanbase were used to.

 

Also, P.Priime produced most of the songs on both albums: 6/11 on ‘HEIS’ and 7/15 on ‘Lungu Boy’. The 22-year old producer is the hottest Afrobeats producer at the moment and his catalogue is insane. He delivered on the production end of both projects and both are sonically well-made.

 

That said, both albums depict the current motions of their respective artistes.

 

Asake – who had just one single feature in each of his former projects – presented a star-studded album in a bid to go mainstream. Rema, on the other hand, seems to be returning home following his Serena Gomez-aided international explosion.

 

On ‘HEIS’, Rema features Shallipopi – his fellow Benin native and Odumodublvck – two relatively new artistes that got their lucky breaks in 2023. This was very intentional. With his current status, Rema could feature anyone from Burna Boy to Travis Scott to Jay-Z, if he wanted to. He is so big globally that he was the first Afrobeats artiste to perform at the Ballon d’Or.

 

While many artistes in Rema’s shoes would explore more international exposure, Rema perhaps learnt from Burna Boy’s ‘mistake’ that straying far away from the source can weaken your art. Burna’s last album ‘I Told Them’ was an attempt to pander more to the hip-hop community and the experiment didn’t go well. Davido also learnt the hard way with ‘A Better Time’ and corrected course with ‘Timeless’.

 

Afrobeats artistes need to realise that the world fell in love with them because of one thing: that unique African sound. This is what makes us original. It pays better to figure out more ways of doing this one thing rather than trying to do something entirely different.

 

This may be why Rema chose ‘homecoming’ rather than ‘further exposure’. One may argue that Asake who hasn’t had the kind of international exposure Rema had is free to pursue it. I agree. However, don’t water down your art just to make it more digestible to outsiders. Outsiders will prefer a rich song in Yoruba or Igbo than a poor song in English. Music is a universal language.

 

This brings me to the second difference between the two albums: penmanship. On ‘HEIS’, Rema’s songwriting is peerless, edgy and incisive. His braggadocio was on full display and he called himself ‘HIM’ without mincing words. With no doubt, ‘HEIS’ has one of the most intricate and the best layered songwriting we have seen in a decade.

 

On the contrary, Asake’s songwriting on ‘Lungu Boy’ appears lightweight. Some lyrics were recycled from other artistes including a Naira Marley line. The Asake we fell in love with attacks the beat, leaving no room for any doubt about his prowess. The Asake we met on ‘Lungu Boy’ did not fully utilise the beats, was bodied by guest artistes on his own songs and sounded somewhat jaded.

 

That said, I will love to appreciate Rema and Asake for daring to experiment and contributing to the evolution of Afrobeats. Asake still has several classic albums in him and I believe fans will love to see that other version of ‘Lungu Boy’, if it exists.

 

I will end with a final note: ‘HEIS’ should win Rema a Grammy. He pushed the envelope with this one and reinvigorated the whole Afrobeats genre. His winning the golden gong will be well deserved.

 

Fingers crossed. 🤞

Credit: Kelvin Alaneme

#Rema

#Asake

#HEIS

#LunguBoy

#AlaAfrica