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Activists Dismiss Buhari’s Anti-corruption Vow After Appointment Of Bello-Koko Named In Pandora Papers

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Anti-corruption activists have slammed President Muhammadu Buhari’s decision to appoint an official named in the Pandora Papers to the top job at the Nigerian Ports Authority, calling it “one of the clearest pieces of evidence” that the president lacks the will to deal with rampant government corruption.

Mr. Buhari last week named Mohammed Bello-Koko as the NPA’s substantive managing director, months after designating him as an acting managing director. Many Nigerians believe that the decision, and its sheer boldness, confirms their suspicions that the Buhari administration’s pledge to enhance transparency in government is a ruse.

In a report assessing the six years of the Buhari administration, CDD had said Mr. Buhari’s often-repeated promise to fight corruption with zero tolerance has remained “largely unmet”.

It was reported last November how Mr. Bello-Koko, then acting MD of NPA, hid behind two firms tucked away in the British Virgin Islands, notorious secrecy and tax haven, to invest in the London property market, a common destination for dirty money flowing from the Global South.

The revelations came from Pandora Papers, a trove of 11.9 million leaked confidential records obtained by the International Consortium of Investigative Journalists, ICIJ.

The reporters spent two years sifting through the leaked records, tracking down sources, and digging into court files and other public records from dozens of countries. It is the biggest collaboration of investigative journalists – from 117 countries and territories – in history.

The leaked records came from 14 offshore services firms from around the world that set up shell companies and other offshore nooks for clients like Mr. Bello-Koko, who seek to shroud their financial activities, often suspicious, in secrecy.

Mr. Bello-Koko used two BVI-incorporated shell companies – Marney Limited and Couldwood Limited – to secretly acquire a total of five London properties, including one in 2017 after his public service appointment. He was appointed executive director for finance and administration in 2016 and later acting MD in 2021 before taking his substantive appointment this week.

As a public servant, he continued to serve as a director of the two companies in breach of the country’s code of conduct law. The full extent of the officer’s violation of the country’s laws has not been fully determined but, last year, the Civil Society Legislative Advocacy Centre, CISLAC, the Nigerian chapter of Transparency International, demanded a transparent investigation of Mr. Bello-Koko and others.

 

The Code of Conduct Bureau declared a commitment, last year, to investigate Pandora Paper’s investigations. However, such an announcement has never been matched with action.

“It is quite unfortunate that the relevant anti-graft agencies have failed to investigate revelations of the Panama, Paradise, and Pandora papers,” said Auwal ‘Rafsanjani’ Musa, the CISLAC director, in a statement to PREMIUM TIMES on Thursday, also criticizing the Buhari administration’s failure to act on previous global investigations exposing offshore shenanigans involving Nigerian officials before the Pandora Papers.

“We find it also disturbing that Mr. Koko who was mentioned in the Pandora papers has not been publicly cleared by any law enforcement or anti-graft agency yet, he is to replace Hadiza Bala Usman who was suspended and Nigerians are yet to see the findings of the committee set up to look into allegations raised against her,” he said.

Mr. Buhari has repeatedly vowed his commitment to efforts against corruption, regarded as the country’s biggest problem stalling development.

“This whole process mocks the anti-corruption efforts of the government, and it is not surprising that Nigeria continues to fall on the Corruption Perceptions Index which we released last month. There is no way the anti-corruption efforts of the current government will be taken seriously,” Mr. Musa said.

Mr. Bello-Koko replaced Hadiza Bala, who was suspended last year for alleged misconduct and corruption. The government did not make public the probe report on the allegations made against Ms. Bala by his then supervisor, Rotimi Amaechi, the minister for transportation.

“The controversial appointment is another indication of the corruption-prone tendency of the Buhari-led government,” said lawyer Inibehe Effiong. “It shows convincingly that the government is not taking the fight against corruption seriously. The government should not downplay allegations of this nature. The allegation of ownership of assets abroad should be properly investigated.”

BIG STORY

UPDATE: Uncover Negligence, Deliberate Actions Behind Ibadan Stampede — Tinubu To Security Agencies

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President Bola Ahmed Tinubu has ordered an investigation into the incident at the children’s funfair in Ibadan, which resulted in the death of 35 persons.

In a statement issued on Thursday by Bayo Onanuga, his special adviser on information and strategy, the president called for a “thorough” inquiry to determine whether negligence or deliberate actions contributed to the stampede.

“In this moment of mourning, President Tinubu stands in solidarity with the affected families and offers prayers that the Almighty God will grant peace to the souls of those who have departed in this unfortunate event,” the statement reads.

“President Tinubu has urgently directed the relevant authorities to investigate the circumstances of this tragedy thoroughly. He emphasises that it is imperative to determine whether negligence or deliberate actions contributed to this painful incident, ensuring a transparent and accountable process.”

“The President urges the Oyo State Government to take every necessary measure to prevent such a tragedy from reoccurring.

“Among the essential actions are a comprehensive review of all public events’ safety measures, strict enforcement of safety regulations, and regular safety audits of event venues.”

The president also called on event organisers to prioritise the safety of all attendees, especially children.

He noted the importance of integrating professional security, protocol, and logistics at events to ensure the safety of all participants.

“Our children’s safety and well-being remain paramount. No event should ever compromise their safety or take precedence over their lives,” he added.

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BIG STORY

2025 Budget Proposal Scales Second Reading At National Assembly

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The 2025 appropriation bill has passed the second reading at the national assembly.

The budget cleared the second reading during plenary on Thursday following an extensive debate by legislators in the Senate and the House of Representatives.

On Wednesday, President Bola Tinubu presented a record N49.7 trillion as the proposed budget for 2025 to a joint session of the upper and lower legislative chambers.

The lawmakers, during plenary on Thursday, took turns discussing the general principles of the money bill, offering recommendations that included thorough scrutiny of the budget breakdown during engagements with heads of ministries, departments, and agencies (MDAs).

Leading the debate, Julius Ihonvbere, majority leader of the green chamber, said the budget would improve the nation’s economy and consolidate the achievements of the president.

In his debate, Kingsley Chinda, minority leader, said Tinubu’s assertion that the budget would reduce inflation from the current 34.6 percent to 15 percent is “ambitious” and not realistic.

The ranking lawmaker said the allocation of N4.91 trillion to defence and security “will not take us to the promised land.”

He added that the budget should also prioritize human capital development and environmental sustainability.

“The budget might appear very beautiful, but there is much more for us to do as a nation,” Chinda said.

‘2025 BUDGET IS INADEQUATE’

Oluwole Oke, a Peoples Democratic Party (PDP) member from Osun, stated that the budget is “grossly inadequate” and won’t sufficiently fund development projects.

Abdussamad Dasuki from Sokoto supported Oke’s position, describing the budget as inadequate.

“The budget may look robust on paper, but if you convert it to dollars, you will realize that the budget is not where we should be,” he said.

“With the challenges we have, if you convert it to dollars, the nation will be inadequately provided for. I urge the relevant committees, particularly the committee on finance, to work on this.”

Also speaking, Ismaila Dabo from Bauchi called for an increased allocation to the agricultural sector to boost food production.

“Inflation is on food items, and Nigerians are finding it difficult to cope. I urge the house to do everything possible to ensure enough allocation is reserved for agriculture,” he said.

Some lawmakers from the north-east and south-east geopolitical zones demanded more funding for their development commissions.

The lawmakers unanimously voted in support of the bill when it was put to a voice vote by Benjamin Kalu, the deputy speaker, who presided over the session.

Kalu referred the bill to the committees on appropriation for further legislative work.

He said the bill will be passed before January 30.

In November, both chambers approved the 2025-2027 medium-term expenditure framework (MTEF) and fiscal strategy paper (FSP) of the federal government.

The parliament passed the oil benchmark prices of $75, $76.2, and $75.3 for the daily crude oil production of 2.06 million, 2.10 million, and 2.35 million for the 2025-2027 fiscal years respectively.

Also, the national assembly maintained the gross domestic product (GDP) growth rate projected at 4.6 percent, 4.4 percent, and 5.5 percent for the three years in the fiscal strategy paper.

The lawmakers endorsed the projected exchange rate of N1,400/$ but said it is subject to review in early 2025 according to monetary and fiscal policies.

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BIG STORY

JUST IN: Ooni’s Ex-Wife Naomi, 7 Others Arrested Over Children’s Funfair Stampede In Ibadan

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The Oyo State Police Command has announced the arrest of the ex-queen of the Ooni of Ife, “Naomi Silekunola”; the Principal of Islamic High School, Ibadan, “Fasasi Abdulahi”; and six others in connection with the deaths of several children during a stampede at a funfair in Ibadan, the state capital, on Wednesday.

The ex-queen was identified as the primary sponsor of the event.

Furthermore, the number of children who have died from the stampede has increased to 35, while six others are critically injured, according to a statement issued on Thursday by the State Police Public Relations Officer, “Adewale Osifeso.”

The event, which was held at the Islamic High School, Basorun, Ibadan, was intended for 5,000 children, but reportedly over 7,500 attended.

 

More to come…

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