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90 Ships Seized By EFCC Rot Away In Lagos, Others

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Some of the ships seized by the Economic and Financial Crimes Commission have begun to sink in waters across the country, while many of those temporarily and permanently forfeited by suspected corrupt persons are being damaged due to lack of maintenance.

According to Punch, sources in the know of the development at the House of Representatives said that the Nigerian Navy, which was mandated to oversee the seized, recovered or forfeited assets, had no budgetary provision to maintain them, leaving them damaged and submerged eventually.

According to the lawmakers, most of the vessels are in Lagos State and they are the worst hit by the abandonment.

The House of Representatives Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective, Efficient Management and Utilisation had recently embarked on oversight visits to the locations of such assets for an on-the-sight assessment.

Some members of the committee, who spoke to our correspondent on the condition of anonymity as the investigation was still ongoing, expressed their displeasure at what they found out during the tour.

A member said, “There are some of these assets that are still being managed by third parties. But a lot of them are just totally sealed up. Like business premises, they allow the people operating on the premises to continue, while they pay (rent) into the Recovery Account…they are paying rent to the EFCC. But for the ones that are not like that, they are sealed up and those ones are depreciating.

“Now, let me tell you the worst-case and where you will feel bad about depreciation (of recovered/seized assets): houses depreciate but not as bad as the vessels in the waters. Most of the ships that were supposedly seized, a number of them sunk – three or four of them have submerged because nobody can take care of them.

“In fact, most of the ones in the Lagos waters have badly depreciated…they are like just holding the shell when the snail is dead. That is what has happened to most of the vessels. About 10 percent have been submerged, while the other ones are just in a terrible state that they cannot attract much value again.”

When asked for the number of ships and vessels on the waters across the country, the lawmaker disclosed that over 30 were in Port Harcourt, about 10 in Warri, and about 10 in Bayelsa, adding, “They (Navy) have quite a lot and they are really in a bad shape.”

The source noted that while the “ones with the most value are in Port Harcourt,” they are all in the custody of the Nigerian Navy.

“Even though they were forfeited to the EFCC, the EFCC cannot protect them; it is the Navy that is protecting them,” he said.

The lawmaker noted that ships that were supposed to be powered regularly had been abandoned for close to seven years “and because of that, they have started to take in water.”

“I initially doubted the submerging story. We went to the water. I actually did not believe that they were submerged. But we actually saw ships inside the water,” the lawmaker added.

Another member of the committee was asked how the panel felt about recovered assets wasting away when the Federal Government was crying about revenue shortage and had embarked on a borrowing spree locally and internationally.

The lawmaker said, “The problem is that there is a wide gap between forfeiture and sale (auction). Most of the ships and vessels were forfeited over five years ago; the minimum is two years ago. And they are all still there. And these are assets that cannot be abandoned for long; they are depreciating assets.

“The waters in Nigeria have a lot of corrosion due to the high salt content (salinity). So, they are corroded from the base and as long as they get corroded, they will end up damaged.”

Responding to a question on plea bargaining being an alternative, the lawmaker said the government and its anti-graft agencies should have made the offer before approaching the courts to secure orders of interim and permanent forfeiture of the vessels.

The lawmaker added, “Part of the problem is that keeping custody of and maintaining them is gulping a lot of funds from the Navy and nobody is refunding the money being spent by the Navy. So, if we have like 100 vessels and six naval ratings working on each ship, it means that every day, the naval men will be patrolling the waters, so you have about 600 of them tied down to these assets

“Also, they are to be provided fuel and fed at that location. Yet, the EFCC does not refund the Navy for the expenditure on the assets. So, because of that, it is becoming a burden on the Navy and the level of maintenance is dropping gradually.

“And because the Navy was part of the process of seizing the assets, seeing what is now becoming of them, the Navy is not encouraged to carry out more seizures. When you seize something and you find out that it eventually becomes a burden on you, you may compromise and allow some (of the vessels) to go.”

The Chairman of the committee, Adejoro Adeogun, however, declined to comment on the revelations. When contacted to confirm the findings, he said, “You don’t expect me to speak on a probe that we have not concluded. All the details you need will be provided in our report to the House.”

The spokesman for the Attorney-General of the Federation, Umar Gwandu, could not be reached for comments on Sunday ditto for the spokesman for the EFCC, Wilson Uwujaren.

BIG STORY

Who Is Afraid of Zacch Adedeji? —– Seun Oloketuyi

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The recent call by a group identifying itself as the Arewa Consultative Youth Movement for the suspension and investigation of the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr. Zacch Adedeji, raises more questions than it answers.

In a period when Nigeria faces profound economic challenges, it is curious that a body supposedly concerned with national progress has chosen to target the one institution that has consistently delivered measurable results. More troubling is the absence of any specific allegation. The group did not name an offence, cite evidence, or establish wrongdoing.

Instead, it issued a vague, ambiguous statement built around innuendo. Such an approach makes clear that this is not an act of patriotism but a sponsored campaign aimed at distracting a key figure in Nigeria’s economic recovery efforts.

At the centre of the storm is a technocrat whose performance is both documented and publicly verifiable. The question, therefore, is simple: Who is afraid of Zacch Adedeji? Record Revenue Performance Under Dr. Adedeji’s leadership, FIRS has delivered the highest revenue figures in Nigeria’s history.

In 2023, the Service collected ₦12.36 trillion, surpassing its target and setting a new national milestone. This performance was exceeded in 2024, with collections reaching over ₦21.6 trillion, far above the revenue benchmark for the year. Cumulatively, between 2023 and 2025, FIRS mobilised ₦47.39 trillion, representing more than 115% of its combined revenue targets. These numbers, widely published across reputable financial platforms demonstrate not just improved collection but renewed fiscal discipline within the Service.

Digital Transformation and Modernised Tax Administration.

One of Adedeji’s most significant achievements is the modernisation of Nigeria’s tax administration system. The upgrade of TaxProMax automated the majority of tax processes, reducing human interference and simplifying compliance for individuals and businesses alike. Additionally, the introduction of the 829# USSD tax service made Nigeria the first African country to allow taxpayers to access essential tax services through basic mobile phones.

The rollout of the National Single Window Project also integrated tax, customs, and port functions, improving trade efficiency and creating new pathways for improved revenue generation.

Expansion of the Tax Base

FIRS under Adedeji aggressively expanded the tax net by focusing on SMEs and informal-sector businesses traditionally outside the formal tax system.

Through digital tools, taxpayer education, and simplified registration processes, thousands of new taxpayers were onboarded, broadening Nigeria’s revenue base and reducing dependence on oil. Institutional Reforms and Improved Staff Welfare During his tenure, FIRS was restructured into functional clusters designed to improve service delivery and reduce bureaucratic bottlenecks. This modern, customer-centric model has significantly enhanced operational efficiency.

In 2024, he approved a substantial salary increase of over 60% for staff, an unprecedented welfare boost that improved staff morale and encouraged better service delivery. Commitment to Transparency and Taxpayer Protection The establishment of a strengthened Anti-Corruption and Transparency Unit (ACTU), in partnership with the ICPC, underscores the Service’s renewed focus on integrity.

Adedeji’s tax philosophy, “We tax prosperity, not poverty” has also guided policies that protect low-income earners while ensuring equitable taxation across economic groups. The Real Motive Behind the Attacks with this level of performance, it is not surprising that vested interests, those who benefited from loopholes, inefficiency, and opacity, now view the reforms at FIRS as a threat. Calls for suspension without evidence suggest that the attacks are less about patriotism and more about stopping a man whose work disrupts the old order.

An attack on Adedeji is, by extension, an attack on the fiscal reforms underpinning President Bola Ahmed Tinubu’s economic agenda. It is therefore imperative for security agencies to investigate the sponsors of these faceless campaigns. Conclusion Nigeria’s revenue system is experiencing its strongest period in over a decade, driven by reforms that are transparent, digitally driven, and effective.

At such a time, attempts to distract the Executive Chairman of FIRS should concern every patriotic Nigerian. The facts are clear, the achievements are verifiable, and the progress is undeniable. So the pressing question remains: Who is afraid of Zacch Adedeji and why?

 

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BIG STORY

We Will Get It Right With Security —- Obasa

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Speaker of the Lagos State House of Assembly, Rt. Hon Mudashiru Obasa has affirmed that with the support of all Nigerians, President Bola Ahmed Tinubu would get it right with his concerted reengineering of the nation’s security architecture.

Speaking at the APC Stakeholders and Progressives Governors Forum meeting held Saturday, December 6, at the Eko Hotel and Suites, Victoria Island, Lagos, Obasa said he did not doubt that President Tinubu and the All Progressives Congress, APC-led federal government, would do all that they can to ensure that they secure the life and property of every Nigerian.

According to Obasa, “We have seen the president in action and how he is innovating and working hard to resolve our many challenges, especially insecurity, and we believe he will get it done. He’s still the man who can do it. That is why we must do everything within our powers to ensure that he is returned in 2027.”

Speaker Obasa teed off with robust commendations for the governors for their shared dedication and commitment to helping President Tinubu resolve Nigeria’s insecurity problem.

He urged them to galvanise their people when they return to their various states to be a part of the solution to Nigeria’s security challenge, and not stay aloof.

Speaker Obasa added that security is not just about the governors, “It is about everybody. We must all be involved in fighting this problem. We must give the President all the support that we can so that he will succeed in his attempts to redirect the trajectory of Nigeria.”

The PGF had converged on Lagos between December 5 and 6 for a meeting convened by the Chairman of the Forum, Senator Hope Uzodimma, Governor of Imo State, and hosted by Governor Babajide Sanwo-Olu of Lagos State.

In a communique read by Governor Uzodinma, the governors passed a vote of confidence on President Tinubu’s administration, and pledged support for his Renewed Hope Agenda and re-election in 2027.

The Forum, according to Governor Uzodinma, reviewed the security situation across the country and expressed appreciation for the improved coordination between federal, state, and local security structures, as well as the courage and sacrifices of security agencies and community volunteers. They also resolved to strengthen local security architecture in all the states.

Governor Uzodinma said that their two-day engagement provided an opportunity to review the nation’s current trajectory, deepen coordination among the governors, and reaffirm their firm support for the Renewed Hope Agenda of President Tinubu. “The PGF commended President Bola Ahmed Tinubu for his steadfast commitment to stabilizing the economy, strengthening national security, and laying the foundations of sustainable growth through the Renewed Hope Agenda,” he said.

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BIG STORY

Nigerian Army Suspends Officer Retirements Amid National Security Emergency

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The Nigerian Army has suspended all statutory and voluntary retirements for certain categories of officers following the nationwide security emergency declared by President Bola Tinubu.

An internal memo dated December 3, signed by Maj. Gen. E. I. Okoro on behalf of the Chief of Army Staff, and sighted by our correspondent, stated that the suspension of retirements is aimed at retaining manpower, experience, and operational capacity as the Armed Forces expand in response to rising insecurity.

The document, referencing the Harmonized Terms and Conditions of Service Officers (HTACOS) 2024, noted that although officers are ordinarily expected to retire upon reaching their age limit, completing 35 years of service, or after repeated promotion or conversion failures, service extension is permissible under Paragraph 3.10(e) in the interest of the military.

The memo partly read: “Military service of a commissioned officer entails a period of unbroken service in the AFN from the date of enlistment or commissioning to the date of retirement. The period of service is determined by conditions enshrined in the HTACOS Officers 2024. These include attainment of age ceilings on various ranks, a maximum length of service of 35 years, and other criteria provided in Paragraphs 11.02(d) and 17.15, among extant regulations.

“Notwithstanding these provisions, Chapter 3.10(e) of HTACOS Officers 2024 allows for the extension of service to officers in the interest of the service.

“The President and Commander-in-Chief declared a nationwide security emergency on November 26, mandating the expansion of the AFN and other security agencies. In line with this, and to rapidly expand manpower, it has become expedient to temporarily suspend all statutory and voluntary retirements from the Nigerian Army with immediate effect.”

According to the circular, the temporary suspension applies to officers who fall into the following categories: officers who failed promotion examinations three times; officers passed over three times at promotion boards; officers who have reached the age ceiling for their ranks; officers who failed conversion boards three times; and officers who have attained 35 years of service.

“Officers in these categories who are not interested in an extension of service are to continue with the normal retirement procedure. Officers desirous of extension should note that upon extension, they are not eligible for career progression, including promotion, career courses, NA sponsorship, self-sponsored courses, secondment, or extra-regimental appointments,” the memo stated.

It directed all commanders to disseminate the directive and manage morale, adding that the policy would be reviewed as the security situation improves.

President Bola Tinubu, on November 26, 2025, declared a nationwide security emergency and directed the military, police, and intelligence agencies to expand recruitment and deploy thousands of additional personnel.

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