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Former President, Olusegun Obasanjo, ​on Thursday registered with his Coalition for Nigeria Movement.

Obasanjo who registered in Ogun state at the secretariat of the Nigeria Union of Journalists, NUJ, Oke-Ilewo Abeokuta, said the coalition was on course to defeat the All Progressives Congress (APC) and the People’s Democratic Party (PDP) in 2019.

“This will be a movement of the people, CN will emerge victorious in 2019”, he predicted.

The former leader’s comment is a sign that the coalition will register to become a political party.

​His full statement below:​

STATEMENT BY H.E OLUSEGUN OBASANJO ON THE OCCASION OF HIS REGISTRATION FOR COALITION FOR NIGERIAN MOVEMENT

Ladies and Gentlemen and members of the Fourth Estate of the Realm, I welcome you to this simple but important ceremony of my registering as a member of the Coalition for Nigeria Movement and I thank you for being here.

Last week, I issued a statement which I did not do lightly or frivolously but out of deep concern for the situation of our country. I gave an expose on some aspects of our situations as I have observed them. I also took liberty to offer advice politely knowing fully well that my advice could be heeded or may be ignored.

However, heeded or not, I strongly believe that Nigeria cannot continue with business as usual. So, I proffered a way out or a way forward.

If the instruments we have used so far in our nation-building and governance since independence have not served us well, it is imperative that we should rethink and retool. It was Einstein who stated that it would amount to height of folly for anybody or any group to continue to do things in the same way and expect different results.

Coalition for Nigeria Movement is proposed as the new direction to mobilise our population for unity, cooperation, development, rule of law, employment, law and order, justice, integration, peace, security, stability, welfare and well-being. In these regards, special attention and space must be given to youths and women, who in most cases, have been victims and underlings.

I am particularly happy that yesterday, men and women (of all ages) of like minds joined hands to launch Coalition for Nigeria Movement (CNM). Among many other things that CNM will do is to raise standards generally but particularly standards of political leadership and governance.

Like all countries, Nigeria has many challenges. That, by itself, is not what we should worry about. What should matter is how, when and with what instruments we address or fail to address these challenges or create more problems.

Let me emphasise important areas, programme, priorities, or processes for improved attention. To start with, we seem to have taken nation-building for granted. Nation-building must be given continued attention to give every citizen a feeling of belonging and a stake in his or her country. For instance, the federal character principle, as espoused in our constitution, was to guide the leadership to search for competent holders of major offices to be distributed within the entire nation and avoid the concentration in a few ethnic hands or geographical places as we currently have in the leadership of our security apparatus. To avoid such non-integrative situation, we have the National Assembly and the Federal Character Commission, both institutions which must raise alarm or call for correction of actions by the executive that violates the spirit of our constitution. In like manner, the spate of violence, criminality, organised crime, insurgency and terrorism have not received sufficient proactive ameliorative responses through transformational leadership – a determined leadership that brings cohesion and wholesomeness to the polity. Nobody and no group should feel excluded in his or her own country. Inclusion and popular participation must be visibly pursued in terms of politics, the economy and our overall social life.

I am happy to be a member of the Coalition for Nigeria Movement. The movement is a pressure point towards good governance. This is the commencement for our popular and grassroots association. Of course, the membership will be free to collectively decide on whether CNM becomes a political party. If the Movement decides to transform itself and go into partisan politics, I will cease to be a member. And as a member for now, I accept all the conditions attached to membership of the Coalition.

We must promote the CNM and mobilise membership all over the country including membership from the Diaspora.

This is an opportunity for women and men, especially youths who have hitherto been feeling marginalised and helpless to go all out and bring friends and families into the CNM fold.

The CNM will remain a popular socio-economic Movement open to all Nigerians who believe in the greatness of Nigeria and are ready to contribute to it.

Some people have started worrying about the problem of personalities, in which some, in other efforts allocate positions to themselves. This Movement is not about personality or personalities; but about platform and system. Our system so far has not given us what we must have. For the first time we are building a platform from bottom-up. The Movement’s base is the grassroots and the people – all the people. When the platform is formed and the new system is put in place, the Movement may decide to sponsor/support candidates or transform itself into a political machine for that purpose.

A socio-economic popular Movement needs to be the new vehicle to give hope to the youths, dignity and encouragement to women and security, confidence, and a promising future to all Nigerians. It must work to bring about a new democratic and efficient Nigeria. The Movement must speak up boldly and bluntly about the truth but politely in accordance with African culture. The Movement will also act collectively with political awareness, social responsibility, sustained and sustainable economic development and progress. Timidity and cowardice must not be part of its make-up or culture and neither must there be indifference. He who keeps quiet, inactive and indifferent in the face of bad act is an accomplice to that act. Self-interest, self-centredness and selfishness must be put aside. National interest must be paramount. The Movement will teach what it believes and practice what it teaches.

It is necessary to make it clear that this movement does not regard itself as a third force. It sees itself as a popular movement that can accommodate all Nigerians irrespective of their political interest or affiliations and will propel Nigeria forward. Nigeria belongs to all Nigerians to be made right and the Coalition with others of the same view and like minds will leave no stone unturned to actualise God-given potentials of our country. The Movement will spearhead process, programme, policies and priorities to make Nigeria a great country playing its expected roles within West Africa, Africa and the world.

Nigerian youth will be emboldened, empowered, have employment, and play meaningful and responsible roles in the leadership and governance of the country in all ramifications. Nigerian women will have dignity, responsibility and equal consideration with men in the affairs of Nigeria.

The Movement is a means to an end. The end is Nigeria, unshackled, united, dynamic, strong, secure, cohesive, stable, and prosperous at home and respected outside, and as result, able to play decisive roles assertively within the comity of nations. A Nigeria of hope, aspiration and assurances which belongs to all with no sacred cow nor sacrificial lamb is what we want. My Nigeria, your Nigeria and our Nigeria with enchanting present and secure and glorious future.

Join the Movement to build a new Nigeria that will be in the hands of God.

BIG STORY

JUST IN: Police Arrest Yahaya Bello’s ADC, Security Details

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The Nigeria Police Force has detained a female police officer who was the aide-de-camp to embattled former Kogi State Governor, Yahaya Bello, Saturday PUNCH is reporting.

The ADC was arrested alongside other police officers attached to 48-year-old Bello and is being detained at the State Criminal Investigation Department, Federal Capital Territory, Abuja.

Their arrests and detention followed a Thursday night order by the Inspector General of Police, Olukayode Egbetokun, directing their immediate withdrawal from the former governor.

Senior police sources, who spoke to our correspondent on the condition of anonymity because they did not have authorization to comment publicly on the matter, noted that the officers were arrested on the suspicion that they aided and abetted Bello’s escape from operatives of the Economic and Financial Crimes Commission, who had gone to effect his arrest at his Abuja home on Wednesday.

“The ADC and the other police details attached to Yahaya Bello have been arrested and detained.

“They were arrested on the order of the IG, on the suspicion that they aided and abetted the former governor’s escape from the EFCC on Wednesday,” one of the sources told our correspondent in a telephone conversation on Friday.

Another source said, “Yahaya Bello’s female ADC and other police officers attached to him were brought to the command this morning, and they’ve been detained for aiding and abetting (the governor’s escape).”

Egbetokun had, on Thursday night, ordered the withdrawal of all police officers attached to Bello.

The order for the withdrawal was contained in a police wireless message sighted by our correspondent on Friday morning.

The document read, “CB:4001/DOPS/PMF/FHQ/ABJ/VOL.48/ 34 X ORDER AND DIRECTIVES X FOLLOWING MESSAGE RECEIVED FROM NIGPOL.

“DOPS ABUJA X BEGINS X CB:4001/DOPS/FHQ/ABJ/VOL.21/462 DTO:180955/04/2024 X ORDER AND DIRECTIVES X REF MYLET NO CB:3412/DOPS/FHQ/ABJ/VOL.1/36 DATED 15/04/2024 X AND MY EARLIER LET NO CB:3412/DOPS/FHQ/ABJ/VOL.1/30 DATED 24/01/2024 X Nigeria police have ordered the withdrawal of all men.

“Police attached to His Excellency and former Executive Governor of Kogi State, Alhaji Yahaya Bello, should acknowledge compliance and treat with utmost importance. Please above for your information and strict compliance.”

Also, the Federal Government had on Thursday night placed Bello on a watch list.

In a document exclusively obtained by our correspondent on Thursday night, the Comptroller General of the Nigeria Immigration Service, revealed that Bello was placed on a watchlist for conspiracy, breach of trust, and money laundering.

The Assistant Comptroller General signed the document and copied the Nigeria Customs Service, the Inspector General of Police, the Director General of the Department of State Services, and the Director of the National Internet Agency.

The document read, “I am directed to inform you that the above-named person has been placed on a watch list. Suffice to mention that the subject is being prosecuted before the Federal High Court Abuja for Conspiracy, Breach of Trust and Money Laundering vide letter Ref; CR; 3000/EFCC/LS/EGCS.1/TE/V 1/279 dated April 18, 2024.

“If seen at any entry or exit point, he should be arrested and referred to the Director of Investigation, or contact 08036226329/07039617304 for further action.

“Please, accept as always the Comptroller-General’s warmest regards and esteem.”

The Economic and Financial Crimes Commission had earlier declared Bello wanted for laundering the sum of N80,246,470,088.88.

The development was contained in a notice posted on the commission’s official Facebook page on Thursday, with a snapshot of the embattled ex-governor attached.

The notice read, “The public is hereby notified that Yahaya Adoza Bello (former Governor of Kogi State), whose photograph appears above is wanted by the Economic and Financial Crimes Commission in connection with an alleged case of Money Laundering to the tune of N80,246,470,089.88 (Eighty Billion, Two Hundred and Forty Six Million, Four Hundred and Seventy Thousand and Eighty Nine Naira, Eighty Eight Kobo).

“Bello, a 48-year-old Ebira man, is a native of Okenne Local Government of Kogi State. His last known address is: 9, Benghazi Street, Wuse Zone 4, Abuja. Anybody with useful information as to his whereabouts should please contact the Commission.”

Bello had, on Thursday, failed to appear before Justice Emeka Nwite of the Federal High Court sitting in Abuja following his arraignment by the EFCC.

The embattled former governor was arraigned in absentia before Justice Emeka Nwite alongside three other suspects, Ali Bello, Dauda Suleiman and Abdulsalam Hudu on 19-count charges bordering on money laundering.

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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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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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