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Return Ikoyi $43m Or Risk Legal Action – RSG …SERAP Urges Buhari To Clarify Identity Of Owners

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The Rivers State Governor, Chief Nyesom Wike, has given the Federal Government seven days ultimatum to return the $43million found in a luxury apartment on Osborne Road, Ikoyi, to the Rivers State Government.
The governor warned that failure to return to money would force the state government to take legal measures to ensure that it gets back her stolen resources.
Wike further declared that the $43million found in the luxury apartment in Ikoyi belongs to the Rivers State Government.
He said that investigations by the Rivers State Government revealed that the money was proceed from the sale of gas turbines by the immediate past Rivers State Governor, Chibuike Rotimi Amaechi.
Addressing journalists at the Government House, Port Harcourt, last Friday, Wike said: “The money in question belongs to the former Rivers State Governor, Chibuike Rotimi Amaechi. We want to confirm that the houses in Ikoyi also belong to Chibuike Rotimi Amaechi.
“If you recollect in 2015, we said that gas turbines built by former governor, Dr Peter Odili, were sold to Sahara Energy, business partners of Chibuike Rotimi Amaechi at $319million.
“That money was used to sponsor the All Progressives Congress (APC) for the 2015 general elections. From the date of sale of the gas turbines to May 29, 2015, the money depleted from $319million to $204,000. What was stashed at the Ikoyi residence was part of that fund”.
He said: “We have facts to prove that the said money belongs to the Rivers State Government. The Federal Government must return our money”.
Wike said all the stories being peddled about the money belonging to the National Intelligence Agency (NIA) are false and mere face-saving measures by the embattled APC-led Federal Government.
He said: “As I speak to you, the Federal Government is so embarrassed that this has happened. All the stories that the money belongs to the NIA are fake”.
Wike challenged the Federal Government to set up a panel of inquiry, which will sit publicly to investigate the money, if it doubted the claim of the Rivers State Government.
He stated that the Rivers State Government needs the money to complete an array of projects, insisting that on no account would this criminal activity be swept under the carpet.
The governor said as long as the Federal Government continues to disturb the progress of Rivers State, so long will God throw the Federal Government into confusion.
“We are giving them seven days to return our money. Otherwise, we would take legal action to recover our money. $43million will help us complete several projects. We need that money for projects”, he added.
It would be recalled that a former minister of aviation, Chief Femi Fani-Kayode, had also claimed that the money belongs to Amaechi.
Fani-Kayode, who wrote this on his Twitter page, also dismissed reports that the money belonged to the NIA.
He insisted that the minister of transportation owns the flat where the money was found.
“The $43million is Rotimi Amaechi’s. He owns the flat it was found in too. NIA’s story is fake news! NIA does not keep cash in any minister’s flats!”, Fani-Kayode tweeted.
Meanwhile, in the aftermath of the controversy surrounding the ownership of the N13billion ($43.4million, N23million and £27,000) found by the Economic and Financial Crimes Commission (EFCC) at the Osborne Towers, Ikoyi, Lagos, the Socio-Economic Rights and Accountability Project (SERAP), has urged President Muhammadu Buhari to “urgently address the country on the matter so as to clarify the issue, and resolve lingering doubts among Nigerians regarding the real owner(s) of the cash.”
The organization also called on the president to “ensure legal backing for his government’s whistle-blowing policy by vigorously pursuing the passing by the National Assembly of the Whistle-blower Bills.”
It would be recalled that both Rivers State Governor, Nyesom Wike and the National Intelligence Agency (NIA), last week, reportedly claimed ownership of the cash, casting doubts on the ‘real claimants.’
A statement, yesterday, by SERAP Executive Director, Adetokunbo Mumuni, said that, “The government’s increasing reliance on whistle-blowers’ tips to fight corruption has to be backed by some level of transparency and accountability on the real identities of those claiming recovered cash.
“Clearing the doubts surrounding the real identities of those behind the Ikoyi cash haul would demonstrate that the president values transparency over secrecy, provide further encouragement to blow the whistle on corruption in government, and enhance the public’s right to know,” SERAP said.
According to the organization, “Democracy abhors secrecy, and for Nigerians to be able to hold elected leaders accountable, they must have access to information such as on the real identities of those behind the Ikoyi cash haul. This transparency is fundamental to the operation of the government’s whistle-blower policy, and inextricably rooted in the notions of good governance and the rule of law under the 1999 Constitution (as amended).”
The statement read in part: “No good comes from secrecy in governance, as officials who have become accustomed to operating without accountability are loath to relinquish the power that comes from conducting their business without public scrutiny. When public authorities resist efforts to shine a light on their activities, it gives the impression that there is something to hide. It’s counter-productive to overstate national security based on secrecy needs, as secrecy encourages poorly informed and under-vetted decision-making.
“Public scrutiny is a prerequisite for changing harmful, entrenched practices. Rather than operating the whistle-blower policy as hidden, mysterious mechanism at the far edge of democracy, this government should make the operation of the policy more transparent and accessible to the public. Both transparency and accountability are necessary to uphold the rights of victims of corruption and ensure that suspected perpetrators are held to account. The ‘sky will not fall’ if the true identities of those behind the Ikoyi cash haul are revealed,” SERAP argued.
“It’s clear that as the EFCC continues to uncover more suspected looted or ill-gotten cash, those blowing the whistle will need greater level of protection. But without outlawing retaliation and attacks against whistle-blowers, and taking a firm stance on protecting them, the incentive of bounty rewards would be negated, as potential whistle-blowers may be discouraged from performing invaluable public interest service.
“The policy of giving whistle-blowers some percentage of recovered loot would seem to be a game changer in the fight against corruption but this government now has to squarely address the significant risks that those who blow the whistle face by urgently working with the National Assembly to ensure the necessary legal backing that would ensure protection against reprisals and attacks.
“The government should ensure that the National Assembly expedites the process of passing the Whistle-Blower Bill, as ensuring that the bill is passed without further delay would recognize the necessity of whistleblowers and the value they add to the anti-corruption fight by reporting otherwise unknown corruption-related information. It would also ensure that whistle-blowers are fully protected from any retaliation and attacks they may experience, and that the government fully appreciates the information they provide.

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Reps Propose Creation of 31 New States 

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The House of Representatives Committee on Constitution Review has proposed the creation of 31 new states in the country.

If the proposal scales through, the Nigerian state will be made up of 67 sub-national governments.

The proposal for new states was contained in a letter read during yesterday’s plenary session by the Deputy Speaker, Benjamin Kalu, who presided over the session in the absence of the Speaker, Mr Tajudeen Abbas.

The committee chaired by Kalu proposed six new states for North Central, four in the North East, five in the North West, five in the South East, four in the South-South and seven in the South West.

The letter read in part, “The committee proposes the creation of 31 new states. As amended, this section outlines specific requirements that must be fulfilled to initiate the process of state creation, which include the following:

New state and boundaries

“An act of the National Assembly for the purpose of creating a new state shall only be passed if it requires support by at least the third majority of members.

“The House of Representatives, the House of Assembly in respect of the area, and the Local Government Council in respect of the area are received by the National Assembly.

“Local government advocates for the creation of additional local government areas are only reminded that Section 8 of the Constitution of the Federal Republic of Nigeria, as amended, applies to this process.

“Specifically, in accordance with Section 8 (3) of the Constitution, the outcome of the votes of the State Houses of Assembly in the referendum must be forwarded to the National Assembly for fulfillment of state demands.

“Proposals shall be resubmitted in strict adherence to the stipulations. Submit three hard copies of the full proposal of the memoranda to the Secretariat of the Committee at Room H331, House of Representatives, White House, National Assembly Complex, and Abuja.

“Sub-copies must also be sent electronically to the Committee’s email address at info.hccr.gov.nj. For further information or contact, please contact the Committee Clerk at 08069-232381.

“The committee remains committed to supporting the implementing efforts that align with the Constitutional provisions and would only consider proposals that comply with the stipulated guidelines. This is coming from the Clerk of the Committee on Constitutional Review.”

The proposed new states are Okun, Okura and Confluence states from Kogi; Benue Ala and Apa states from Benue; FCT State; Amana State from Adamawa; Katagum from Bauchi State; Savannah State from Borno, and Muri State from Taraba.

Others are New Kaduna and Gujarat from Kaduna State; Tiga and Ari from Kano; Kainji from Kebbi State; Etiti and Orashi as the 6th state in the South East; Adada from Enugu, Orlu and Aba from the South East.

Also included are Ogoja from Cross River State; Warri from Delta; Ori and Obolo from Rivers; Torumbe from Ondo; Ibadan from Oyo; Lagoon from Lagos;  Ijebu from Ogun State, as well as Oke Ogun/Ijesha from Oyo/Ogun/Osun States.

 

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TUC Opposes FG’s Proposed Toll Gate On Federal Roads, Rejects Electricity Tariff Hike 

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The Trade Union Congress of Nigeria, (TUC), yesterday, opposed the plans by the Federal Government to toll selected federal roads in the country, as a means of revenue generation.

The TUC also kicked against any attempt to increase telecom tariff, saying it will compound the present economic hardship Nigerians are going through.

President of TUC, Comrade Festus Osifo, while presiding over the 1st Quarter 2025 National Administrative Council (NAC) of the Union in Abuja, yesterday, condemned the proposed reintroduction of toll gates on some federal highways without first of all ensuring that the roads are in good condition.

Osifo, who blamed the hardship in the country as a result of the government policies like the flotation of the naira, wondered why the Federal Government should initiate policies bothering on the citizens without due consultations with relevant stakeholders.

He said its is annoying that most of the roads which are unpaved, dilapidated, and riddled with potholes should be open for collecting tolls.

A communique issued at the end of the meeting partly read: “NAC deliberated on the proposed introduction of toll gates on selected federal roads and strongly condemned it in its entirely. While we acknowledge that tolling is a globally recognized method of generating revenue for road maintenance, it is unacceptable to impose tolls on roads that are unpaved, dilapidated, and riddled with potholes.

“The NAC views this as an insult to Nigerians, who are being asked to pay tolls on roads that are in total disrepair. Our highways are death traps unsafe, abandoned, and filled with potholes. Rather than fulfilling its responsibility to fix and maintain these roads, the government is resorting to shameless extortion.

“The Congress, therefore, demands that all roads earmarked for tolling must first be fixed, properly tarred, and repaired to international standards before any discussion on tolling can be entertained”.

Although the Federal Government recently debunked plans to increase electricity tariff by 65 percent, TUC said it was  alarming that the government even considered the hike in the first instance.

Osifo lamented that the previous increment already inflicted severe hardship on citizens.

He said, “This proposed increase is not only ill-timed but also a deliberate act of economic oppression against Nigerians, who are already struggling under unbearable economic conditions.

“The improved service quality promised during the last tariff hike, particularly for consumers under the so-called “Band A” category, has not been realized. Most consumers, regardless of their tariff band, continue to live in perpetual darkness”.

TUC observed that the root cause of escalating prices and galloping inflation was the devaluation of the Naira.

Going down memory lane, Osifo said in February 2024, the TUC addressed a world press conference, where it clearly stated that the excessive devaluation of the naira was the primary cause of rising inflation and the continuous increase in the prices of goods and services.

He said Congress also warned that this trend would worsen inflation in 2024, impacting virtually every sector of the economy and severely affecting the social and economic well-being of Nigerian workers and the masses if the solutions it canvassed were not adopted.

The TUC President said 12 months later, the Congress position remained unchanged, alleging that the symptoms of the root cause have manifested clearly.

According to him: “These include the skyrocketing prices of essential goods, the escalating costs of social services, the proposed hike in telecom tariffs, the increase in electricity tariffs (with plans for further increments), the rising prices of petroleum products amongst others.

“The TUC remains focused on addressing the root cause of these economic challenges rather than merely reacting to the manifested symptoms. To this end, the TUC demands a better foreign exchange (FX) management regime from the Central Bank of Nigeria (CBN) as the naira is currently undervalued, as confirmed by both local and international experts.”

He warned that if the policies were not reviewed to favour the citizens, the TUC may be compelled to mobilise for mass protest.

“The NAC, on behalf of the Congress, strongly advises the government to refrain from introducing policies that would further exacerbate the current economic hardship faced by hardworking Nigerians.

“If the administration insists on implementing these policies, the TUC will have no choice but to mobilize the working class, civil society, and the oppressed masses for a nationwide action. This level of exploitation is unacceptable. A stitch in time saves nine,” he warned.

 

 

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Africa Must Stop Depending On Foreign Blueprints -Tinubu

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President Bola Tinubu has charged African leaders to stop clinging to their old habit of depending on foreign plans, saying the continent is in dire need of leaders who wield policy as a surgical blade instead of a slogan.

Tinubu lamented what he described as “the tragedy of our time” whereby African leaders do not only confine themselves to foreign blueprints but refused to emancipate themselves from client-state mentalities and governance by hashtag activism.

The President made these remarks in Abuja, yesterday, during the Dr. Kayode Fayemi commemorative symposium and launch of the Amandla Institute for Policy and Leadership Advancement, with the theme “Renewing the Pan-African Ideal for the Changing Times: The Policy and Leadership Challenges and Opportunities.”

The symposium was organised to commemorate the 60th birthday of the former Governor of Ekiti State, Dr Kayode Fayemi.

Represented at the event by the Vice-President, Senator Kashim Shettima, the President said, “Whatever our differences across the continent, one fact that can’t be eroded by our infighting is that we are in the age of machines, and we can’t fight our development dilemma with spears and arrows while the rest of the world is fighting the same battle with missiles and tanks. The world is not waiting for Africa to catch up.

“While we parse political rivalries, others parse datasets. While we litigate history, others engineer futures. The train of progress accelerates, yet too many of our leaders cling to old carriages. These are our client-state mentalities, our dependency on foreign blueprints, and our governance by hashtag activism. This is the tragedy of our time.

“The founding of Amandla Institute emerges as an antidote to this paralysis. We are here not only to generate more ideas but to create executors. We need leaders who wield policy as a scalpel, not a slogan. We need visionaries who see AI as a collaborator, not a competitor. We need a generation of Africans who recognise that Pan-Africanism, renewed for this age, must be rooted in actionable sovereignty.”

Tinubu pointed out that it would be wishful thinking to hope that the renaissance of Africa will happen as a gift, maintaining that it must be built.

He regretted that for too long, leaders in Africa have outsourced their thinking, relying on institutions and ideologies that treat countries on the continent “as consumers, not creators,” just as he insisted that the youth must be empowered to innovate in tech hubs across the continent.

“But the post-idea world dissolves excuses. With the democratisation of knowledge, we must empower our youth to innovate in tech hubs across the continent, from Cairo, down through Nairobi, to Lagos, building unicorns without the permission of any gatekeepers. What they lack is not ideas but ecosystems—systems where policy, funding, and political will converge to scale their genius,” he noted.

The Nigerian leader further urged African leaders to “evolve from custodians of power to architects of platforms,” adding that their “imagination of Africa must be one where every government ministry houses.

“AI strategists, where continental trade policies are drafted by homegrown think tanks like Amandla Institute, not foreign consultants, and where “Made in Africa” signifies not raw materials but algorithms, green tech, and cultural capital.”

 

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