Inspector-General of Police, Ibrahim Idris, has responded to the senate on the resolution it passed on Wednesday pronouncing him as an enemy of democracy who is unfit to hold public office in the country. In a statement released by the police spokesperson, Jimoh Moshood, the IG said the senate resolution is a deliberate blackmail, witch-hunting, unfortunate and mischievous.
He also accused the lawmakers of condoning criminality why stressing that the attempt made by the legislative body to intimidate him is fruitless. He implored the public to disregard the statement of the senate and promised to continue to discharge his duties in the interest of the general public. Read the full statement from the IGP below:
The attention of the Nigeria Police Force has been drawn to the media reportage of the Senate’s resolution on Senate Order Paper of today, Wednesday, 9th May, 2018 after a closed door session that the “Senate declares the Inspector General of Police, IGP Ibrahim k. Idris, NPM, mni, as enemy of democracy and unfit to hold any public office within and outside the country”.
It is urgently imperative that the Nigeria Police Force respond to this resolution of the Senate which is a deliberate blackmail, witch-hunting, unfortunate and mischievous. In accordance with the extant laws in Nigeria, the functions, duties and responsibilities of the Inspector General of Police as stated in Section 215(1a) of the Constitution of the Federal Republic of Nigeria 1999 as amended, and the Police Act and Regulations Section 309(1) can also be carried out as mentioned in sections 7(1),312(1), 313(2) of the Police Act and Regulations by a senior officer of the Force of the Rank of Deputy Inspector General of Police or an Assistant Inspector General of Police who if permitted by the Inspector General of Police to act on his behalf or represent him in an official capacity at any official function, event or programme within and outside Nigeria can do so in consonant with the provisions of the Police Act and Regulations.
It is on the basis of the above that when on the 25th of April, 2018, the Senate invited the Inspector-General of Police to appear before it on the 26thof April 2018, in respect of the felonious offenses for which Sen. Dino Melaye was taken into Police custody, investigated and arraigned in a Court of Competent Jurisdiction in Lokoja, but because the Inspector-General of Police was on official assignment with the President of Federal Republic of Nigeria to Bauchi on same date, he delegated the Deputy Inspector-General of Police, Department of Operations, Assistant Inspector-Generals of Police and some Commissioners of Police conversant with the matter to brief the Senate.
The delegated Officers went with a brief of the Inspector-General of Police on the matter to the Senate to enable the Senate appreciate the issues raised to guide their resolutions on the matter but the Senate refused to listen to the Officers delegated by the Inspector-General of Police in line with his powers recognized by both the Constitution and the Police Act and Regulations.
The Senate again on the 26th of April 2018 wrote the Inspector-General of Police re-inviting him to appear before the Senate in person on the 2nd of May, 2018 but this time around the IGP was on official assignment to Birnin-Gwari Area of Kaduna State in company of the General Officer Commanding, One Division, Nigerian Army Kaduna, Major General Mohammed Mohammed to attend to some very serious security matters of National Importance, but he promptly delegated the Deputy Inspector-General of Police, Research and Planning, Assistant Inspectors General of Police and Commissioners of Police to represent him and brief the Senate on the same subject matter but the Senate again refused to accord them audience insisting that the Inspector-General of Police must appear in person.
On the 8th of May, 2018, the Inspector General of Police sent a letter to the President of the Senate, Federal Republic of Nigeria signed by the Commissioner of Police, Legal and Prosecution Department, explaining why he would not be appearing before the Senate on the 9th of May, 2018 due to legal restraint as a result of pending cases before the courts filed: (i) by Senator Dino Melaye against the IGP and the Nigeria Police Force in the High Court of the Federal Capital Territory, Abuja in suit No. CV/1610/18 slated for hearing on the 11th day of May, 2018.
(ii) by the Inspector General of Police against the Senate in the Federal High Court, Abuja in suit No. FHC/ABJ/CS/457/2018 adjourned to 31st May, 2018 for hearing.
It is on record that consequent on the confession of criminal offences indicting Senator Dino Melaye by the principal suspect KABIRU SAIDU a.k.a OSAMA “31 YRS”, The Nigeria Police Force, sent a letter of investigation activities/invitation dated 2ndMarch, 2018 addressed to the Senate President, Federal Republic of Nigeria informing and requesting him to release Senator Dino Melaye to report to Commissioner of Police, Kogi State Command on the 7th of March, 2018 to answer to criminal offences of Conspiracy and Unlawful Possession of Prohibited Firearms levelled against him, this is to enable the Police Investigation Team carryout a discreet and thorough investigation into the case. But Senator Dino Melaye refused to honour the Police invitation.
It is pertinent that the Nigeria Police Force informs the members of the General Public that the reasons for which the Senate has summoned the Inspector General of Police is official and not personal, and the 1999 constitution of Federal Republic of Nigeria as amended and the Police Act and Regulations allowed the IGP to delegate Deputy Inspector General of Police or Assistant Inspector General of Police to represent him.
Consequently, the action of the Senate in its resolution against the IGP today is a deliberate blackmail, witch-hunting with mischievous motives to hand-twist the IGP to pervert the end of justice in a felonious and serious offenses of Criminal Conspiracy and Unlawful Possession of Prohibited Firearms for which Senator Dino Melaye who was indicted by two (2) Principal Suspects (Kabiru Seidu A.K.A OSAMA, Nuhu Salisu A.K.A SMALL) arrested for several cases of kidnappings and armed robberies in Kogi State are already standing trial in a court of competent jurisdiction.
It is important to correct the impression created in the minds of the people from the Senate’s resolution that the IGP is not and will not be an enemy to democracy. It is also of significant note to state that IGP Ibrahim K. Idris, NPM, mni, has served meritoriously for above Ten (10) years in the United Nations Peace Keeping Operations in several countries unblemished. The Nigeria Police Force is the first defender of Democracy and all democratic institutions in Nigeria and will continue to do so.
It is factual and verifiable that Senator Dino Melaye was discharged and certified fit to stand trial by the National Hospital, Abuja before he was arraigned in Chief Magistrate Courts in Wuse, Abuja and Lokoja. The Inspector General of Police and the Nigeria Police Force will not be deterred by blackmail from any individual or group no matter how highly placed from the enforcement of Law and Order and ensuring that the Rule of Law prevails.
The Nigeria Police Force, therefore, owes no apology to any individual or groups in its effort to ensure preservation of law and order, supremacy of the law of the land, and make sure that all Nigerians are subject to the same law, no matter what their position is in the society.
The General Public is hereby implored to disregard and discountenance the resolution of the Senate on the IGP as a deliberate blackmail, witch-hunting and mischievously aimed at casting aspersions on the hard earned integrity of the Inspector General of Police and the Nigeria Police Force.
The Nigeria Police Force as a law abiding organization will continue to hold the Senate of Federal Republic of Nigeria in high esteem but wishes to impress on the Senate not to harbour criminal elements among its fold or condone criminality. The Force will not be intimidated by any individual, groups or institution, constituent or otherwise to abdicate from its constitutional responsibilities of protection of lives and property and due enforcement of the rule of law, and law and order across the Country.
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Zimvest Economy Conversations: Financial Experts Call for Reorganization of Nigeria’s Market Architecture
Stakeholders in the Nigerian Capital market, Asset Management, and Banking Industries have called for a rethink of the nation’s economic philosophy and a reset of the financial market architecture. This was part of the major takeaways from the “Zimvest Economy Conversations”, a thought-leadership series of Digital Private Wealth and Investment Management Firm, Zimvest (Zedcrest Investment Managers) held on Saturday, June 20, 2020.
Giving the opening remark during the virtual event, Business Head of Zimvest, Gbenga Adigun, noted that investors are gravely concerned with investment returns in light of the current low yield environment while financial institutions are thinking of how their product development and service delivery should evolve with the changing needs of investors.
Bola Onadele Koko, CEO of FMDQ Group while delivering the keynote speech on the event theme “The Economic Landscape and Investor Preferences in Post-pandemic Africa”, talked about the toll the growing pandemic has had on African markets. He laid emphasis on the slow down in key segments of the economy including the financial markets, tourism, remittances, and foreign direct investments. He called for a rethink of Nigeria’s economic philosophy with clarity from the fiscal policymakers which will be critical for gaining investors’ confidence.
According to him, “Now is the time to develop new and ingenious ways to develop and drive the Nigerian financial market and in the continent at large. Private capital will especially be more essential as recent shocks have shown the limits of Governments’ abilities particularly in developing countries”, he said.
The capital market leader also stated that FX reforms will be critical for the Nigerian economy at this point; noting that trading activity in the Nigerian Fixed-Income and Interbank Currencies market is down by 55% due to economic slowdown linked to the Covid-19 pandemic.
All panelists in this first episode of the thought-leadership series pointed out that most investors were affected by the pandemic and are looking for further ways to diversify their portfolios that may end the year on a negative real return.
Speaking during the panel session, Abiola Adekoya, Wealth Expert and Ex-CEO at RMB Securities, stated that one of the key things that investors are concerned about in this era is the need for diversification, more liquidity, and higher investment returns.
In her words: “A lot of investors have been focused on one product and this pandemic has shown that that is not enough. The nascent interest in alternative assets has shown that there is strong liquidity in the overlooked retail space and Investment managers should pay keen attention and develop alternative assets products, and reduce the reliance on the traditional Fixed income, Money markets, and Equity offerings.
Buttressing Abiola’s position on alternative assets, Esiri Agbeyi, Partner and Head Private Wealth Services, PwC Nigeria, emphasized the need for investors to take keen interest in private equity and other alternative assets investments. She shared a PWC survey on Family Offices. The survey revealed that 63% of family businesses leaned towards private equity as an investment portfolio. Local pools of private capital are important to drive economic development
Onome Komolafe, Divisional Head of Central Securities Clearing System (CSCS), stated the need for improved product development and differentiation, clear market segmentation, and smart communication as tools that financial services firms can deploy in evolving with the changing consumer behavior. She also pointed to premium service delivery and technological innovation as crucial to the democratization of investment opportunities in Africa.
The Group Executive, Treasury & Financial Institutions at First Bank, Ini Ebong, pointed out the present opportunity available for investors, regulators, institutions, market practitioners to reset Nigerian financial market architecture. He noted that this opportunity presents itself mostly around periods of crisis.
According to him, as markets develop, the investing public becomes more able to embrace risk and go for higher return instruments outside traditional bank-based deposits.
“If you want high returns on investment, you must be willing to take on more risky investment products”, said Adetoun Dosunmu, Treasurer at FBN Merchant Bank. “Giving the highly specialized nature of investing, working with a regulated fund manager will be most beneficial to the investor in the long run and would protect against fraud and sharp practices from the teeming number of platforms offering untested investment opportunities”.
During his closing remark, the Founder of the Zedcrest Group and the Chief Host of the event, Saheed Adedayo Amzat, CFA, called on the Nigerian capital market stakeholders to unite to further capital formation in the country. He sounded a note of warning to Nigerians on suspicious wealth generation platforms.
“Many unsuspecting investors over the last three decades have lost their funds to unregulated institutions that promised unbelievable returns. All stakeholders in the sector need to speak up and inform the unsuspecting public about investment platforms. Our regulators need to do more with the support of all players in the Investment management space”, he opined.
The much-anticipated event lived up to its billings as over 1,150 participants engaged the speakers on investment challenges and opportunities they can tap into post-COVID.
Zimvest, the newly launched Investment Management subsidiary of Zedcrest, plans to be at the nexus of a continuing conversation series around Investment management and economic policy landscapes. The second edition of the series is to be announced soon.
A poll conducted during the event also shows that over 60% of participants prioritized “Capital Preservation” when choosing an investment option. Over 72% were concerned about inflation and exchange rate fluctuations and over 81% were concerned about Proven Track Record, Regulatory Compliance, and Transparency when choosing an investment management partner. The session ended at exactly 1 pm on the day.
For more information, please email [email protected]
A replay of this session can be watched via:
PSHAN, Aig-Imoukhuede Kick off Design Phase of PHC Adoption Programme
Aigboje Aig-Imoukhuede, in collaboration with the Private Sector Health Alliance of Nigeria (PSHAN) has unveiled a new initiative geared towards significantly improving Nigeria’s healthcare system at the grassroots level.
The innovative strategy, in furtherance of a vision from an earlier stakeholders’ roundtable, entails delivering one Primary Healthcare Centre (PHC) in each of Nigeria’s 774 Local Government Areas (LGAs) at global standards.
Under this private sector driven initiative, universal health access will be provided for low-income citizens residing in rural and urban areas through the Adopt-a-Health Facility Programme (ADHFP).
ADHFP, according to a release issued by the CEO of PSHAN, Mr. Sonny Nwarisi, will be sponsored by a group of Angel Investors and other institutions. These “Angels” will each take responsibility for one or more PHCs – they will build and operate the PHCs for the period of adoption under strict rules and guidelines. The ADHFP is a multi-impact initiative with several benefits including Saving lives, Improvement in health outcomes, Job creation, and Gender empowerment
Mr. Aig-Imoukhuede and PSHAN recently initiated the ADHFP design phase which will be handled by Vesta Healthcare Partners, a global healthcare consultancy firm.
This consultancy engagement is expected to deliver key program components such as Legal and Regulatory Framework, PPP Framework, PHC facility and management standards, Financing Arrangements, Governance Arrangements, Supply Chain Management, and Technology & Systems.
The design phase will involve the active participation of notable development-focused organizations including Global Citizen, ABCHealth, Bill & Melinda Gates Foundation, United Nations Economic Commission for Africa, World Bank, International Finance Corporation (IFC), MTN Nigeria Plc, Dangote Group, Zenith Bank, Access Bank, Stanbic-IBTC Bank, PwC, Cisco, Ford Foundation, Nigerian Stock Exchange, and Flying Doctors Nigeria.
Others include Africa Practice, Cedar Advisory Partners, GBCHealth, Health Federation of Nigeria, Health Law, Eti-Osa Local Government, JNC International Ltd, Johnson & Johnson, Justice in Healthcare, Lagos State Government, MSD for Mothers, Nigeria Economic Summit Group (NESG), ONE Campaign, PharmAccess Foundation, Women-At-Risk International Foundation as well as the Lagos State Government and the SSA to the President on Sustainable Development Goals among others.
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