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2023: LP Is Built On Ethnic Sentiment —- Rabiu Kwankwaso

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New Nigeria Peoples Party (NNPP) presidential candidate Rabiu Kwankwaso yesterday gave reasons why his initial move to form an alliance with the Labour Party(LP) collapsed.

He said he found out midway that the LP was built on hype and ethnic and religious sentiments.

Kwankwaso also said he felt there was no need for him to go ahead with talks on the alliance since he had a better pedigree in politics and education than the LP presidential candidate, Peter Obi.

He described the LP as Andrew’s liver salt, which has started to fizzle ahead of the general election after its initial “media hype.”

The NNPP candidate also said that President Muhammadu Buhari and the Presidency hold the key to free, fair and credible elections.

Kwankwaso spoke on “Nigeria’s 2023 elections: service delivery and policy alternatives” at the Chatham House, London. The general election commences on February 25.

Asked if he would consider stepping aside and working with Obi  since their programmes look like, he took on the questioner, saying he was sure he was from “a particular part of Nigeria.”

His words: “The issue of Labour. You see, that is the problem we have. The gentleman that asked the question, I am sure is from a particular part of Nigeria and belongs to a particular group.

“You have a party that is based on ethnicity and religion…. Of course, that is the difference between the Labour Party and our party, which is a national party, the New Nigeria Peoples Party.

“While we are accusing leaders of being one thing or the other negative, the followers must learn how to be Nigerians and not come from one part of the country.

“Let me say that I was one of those that initially wanted to work with the Labour Party. Unfortunately at that time, the Labour Party was under serious media hype and therefore, they could not see reason and are still not seeing reasons.

“Why say that I should withdraw? I wish you did not have to go to that extent. You would have said I should consider working with Labour Party or PDP or APC. People here don’t even know what is happening. I want to say that our party, the NNPP is the only growing party in Nigeria today.

“We have seen the maximum any party, especially the Labour Party, can go. To us, it’s like Andrew’s liver salt. It came with a lot of hype and now, it is coming down. Just take note of it.

“Our party, the NNPP, is the only party that is now getting the support. Forget about the big people who are actually the problem of our country.

“We have succeeded in locking down Northern Nigeria today in terms of votes and not working in the Southern part of the country. The difference is that the North knows us more than the South.

“If you were from the North, you would not have made that statement for Kwankwaso to withdraw for Labour Party. You should go and look at my credentials. I hold a PhD in Civil Engineering. Check your candidate and see what he has.

“I have been in the system for over 30 years. I was a civil servant for 17 years, I was Deputy Speaker of the House of Representatives in 1992. I was an elected delegate to the Constitution Conference. I was elected governor of Kano State for eight years.

“I will tell you what I told them when we sat down. If anybody wants Kwankwaso to withdraw, let us bring the criteria. Anytime I have a better candidate, I will be ready to talk to him.”

On the upcoming polls, the   former Kano State governor  said that “if the Presidency wants a free, fair and credible election, we will have it.”

He added:  ”Our country is yet at another crossroads. We are facing an election in which, for the first time in 20 years, President Buhari will not be a candidate.

“We are going into an election at a time when poverty is biting so hard and money bags believe that they can take advantage of the very poverty they inflicted on the nation.

“We are also going into this election when the election umpire, INEC has successfully gotten some of the far-reaching amendments targeted at improving the conduct of elections and preventing election rigging in Nigeria.

“My 30 years in politics have taught me that free, fair and credible elections require so many inputs and commitments. But the commitment of the President in particular and that of the Presidency, in general, is key. If the Presidency wants free and fair elections, it will happen.

“Thus, the burden of conducting the free and fair election, much as it depends on the performance of INEC, politicians, security agencies and other stakeholders; it largely rest on the corridors of the Presidency.

Kwankwaso hailed the United States, the United Kingdom, the European Union and other friends of Nigeria for their support in deepening democracy in Nigeria.

The presidential candidate however appealed to them “to prevail on the Nigerian President to ensure that he leaves a legacy of free, fair and credible elections.”

While also expressing concern over an alleged ploy by some persons to derail the electoral process, he said: “Let it be known that no contraption in whatever guise other than an elected government will be acceptable to Nigerians in 2023.

“We in the NNPP believe that we would tie election at first ballot free and fair. We appeal to the President not to listen to any proposal that seeks to undermine the 2023 general election.

“We also call on all well-meaning Nigerians as well as the international community to be vigilant. I am also calling on all Nigerians in the Diaspora to continue to appeal to the government of their host country to continue to support our country and ensure that credible elections are conducted.

“Some of the problems we have is partly because our leaders were not able to bring everybody on board. They were not able to convince people that there is good leadership.

“If we have good leadership that can bring everybody together, I have no doubt in my mind that Nigerians will be patriotic. We will provide the leadership that is necessary for everybody to be carried along and committed to the Nigerian project.”

Kwankwaso promised to “create an irresistible and attractive destination for businesses and career aspiration” that would make Nigerians in the Diaspora to return.

While noting that   Nigeria is facing challenges because of the “choices made by its leaders,” the former governor promised to end strikes by workers, especially members of the Academic Staff Union of Universities and medical doctors, if elected President.

He also spoke about increasing the number of military and police personnel in the country to about one million each and building one million houses yearly within four years in office.

BIG STORY

Access Holdings’ Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede’s Return As Chairman

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  • Re-elect Olusegun Ogbonnewo, Ojinika Olaghere as a Non-Executive Directors

 

The shareholders of Access Holdings Plc (“Access Holdings” or “the Group”) at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s plan to establish a capital raising programme of up to US$1.5 billion as well as the subset initiative to raise up to N365 billion, specifically, through a Rights Issue of ordinary shares to its shareholders.

The proceeds of the Rights Issue would be used to support on-going working capital needs, including organic growth funding for its banking and other non-banking subsidiaries.

The shareholders also ratified the appointments of Aigboje Aig-Imoukhuede, Olusegun Ogbonnewo, and Ojinika Olaghere as Non-Executive Directors.

The appointment of Aig-Imoukhuede as the Chairman of Access Holdings was praised by the shareholders, who pointed to his rich history of success with the institution, having transformed it into Nigeria’s biggest lender by market value alongside Herbert Wigwe. Aigboje’s leadership was instrumental in driving the institution’s growth during the 2004 recapitalisation of the banking industry led by the Central Bank of Nigeria (CBN) under the leadership of its former Governor, Prof. Charles Soludo.

“We are thrilled with Aigboje Aig-Imoukhuede’s return to the role of Chairman. His proven track record, experience, and strategic insights position him as the ideal leader to steer Access Holdings towards meeting its lofty targets. During his tenure as CEO, particularly during the recapitalisation directive by the CBN, he steered Access Bank to raise an impressive $2 billion in capital, and this demonstrates his capacity to, once again, lead Access Holdings towards successfully achieving the objectives of our planned Capital Raise and Rights Issue targets,” said Chief Sunny Nwosu, Chairman Emeritus of the Independent Shareholders Association of Nigeria (ISAN).

In line with the Group’s strong financial performance, the payment of a final dividend of N1.80 kobo per every N0.50 Kobo ordinary share for the 2023 financial year was approved, marking a 28 per cent improvement from the corresponding period in 2022.

The Group’s full-year results for the period ending December 31, 2023, showcased an impressive 335 per cent increase in pre-tax profit to N729 billion from N167.68 billion in 2022. The Group also experienced an 87 per cent surge in gross earnings to N2.59 trillion from N1.39 trillion in 2022 and reported a remarkable 306 per cent growth in profit after tax to N619.32 billion, from N152.20 billion in 2022.

Commencing in the second half of 2024, Access Holdings’ global expansion strategy will enter the consolidation and efficiency phase, aligning with its five-year plan to accelerate the attainment of its 2027 strategic objectives. The Group remains focused on driving sustainable growth, and delivering value to its shareholders even as it continues to build a globally connected community and ecosystem, inspired by Africa, for the world.

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BIG STORY

Customs Adjust FX Rate For Import Duties To N1,147/$

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The foreign exchange (FX) rate for duties has once again been modified by the Nigeria Customs Service (NCS) to N1,147.02 per dollar.

When compared to the N1,238.1/$ reported on April 18, this indicates a decline of 7.3 percent. On Friday, the customs rate was observed.

It dropped below the official foreign exchange rate, which ended trading at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on April 18 at N1,154/$.

The drop in the FX rate for customs tariffs and duties is coming amid the Central Bank of Nigeria‘s (CBN) effort to stabilise the naira.

On April 17, the naira appreciated to N1,050 at the parallel section of the FX market, from the N1,100/$ traded on April 15.

Meanwhile, on April 16, President Bola Tinubu inaugurated the national single window (NSW) project to boost trade in Nigeria.

NSW is an electronic portal linking all agencies and players in import and export processes to an integrated platform.

Speaking on the development, Adewale Adeniyi, the comptroller-general (CG) of Nigeria Customs Service (NCS), said the country is making progress with consultations on the reopening of the borders with Niger Republic and Benin Republic.

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BIG STORY

8 Nigerians In South Africa Police Net For “Attacking Officers During Drug Raid”

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Eight Nigerians have been taken into custody by the South African police for reportedly fighting police during a drug operation.

The suspects were taken into custody in the province of the Northern Cape, the police said in a statement released on Friday.

According to the police, the suspects also caused damage to other properties and cars.

“At the time of the arrest, police were tracing information of one of the Nigerian nationals being in possession of drugs,” the statement reads.

“While conducting this search, a large group of Nigerians attacked police. Police fired rubber bullets to disperse the crowd.

“One suspect was arrested for illegal possession of drugs, and three suspects were arrested for public violence and detained at Kimberley Police Station.

“During processing, the suspects broke windows at the station. Additional charges of malicious damage to property were added.

“Another group of Nigerians later approached the Police Station and threatened to retaliate.

“The Operational Commander warned the group to disperse.

“However, upon dispersing, the group damaged police vehicles. Another four suspects were arrested for malicious damage to property.”

Koliswa Otola, police commissioner for the province, commended officers for the arrest of the suspects.

Otola condemned acts of violence against law enforcement agents, saying those who prevent police from exercising their duties “will be dealt with harshly”.

“We will not allow such lawless behaviour,” the commissioner said.

“We are processing the suspects and working with Home Affairs to determine if they are legally or illegally in the country.

“Police will continue to stamp the authority of the state in the Northern Cape Province.”

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