COVER
Tension in CAC as Registrar General, Workers Tango
By Prosper Okoye, Abuja
Amidst rising level of unemployment in the country, at least 200 staff of the Corporate Affairs Commission (CAC) may have resigned their appointments in the last three years ahead of due retirement dates to escape possible dismissal, alleged high handedness and other harsh policies of the Commission under the leadership of Alhaji Garba Abubakar, the Registrar General and Chief Executive.
DAILY ASSET investigations revealed that since assumption of office in January 2020, Abubakar, who was hitherto a staff before his appointment has governed the frontline agency with an iron fist leading to mass resignation of the staff out of frustration.
Others were actually forced to resign due to the administrative measures taken by management, investigations revealed.“Due to high handedness, vindictive leadership style and gross incompetence, staff have been resigning from the Commission in droves” a source familiar with the situation maintained.
Obviously embarrassed by the mass resignations, the Registrar General had in June 2021 allegedly issued a circular to staff warning that the Commission would with hold for one year, the terminal benefits of any staff who voluntarily resigned.
As the resignations still continued unabated, Registrar General was said to have issued yet another circular on October 4, 2021, with the title “Notification of Exit from Service” in which he said the Commission would put on hold terminal benefits of staff to dissuade more workers from leaving.
The mass resignations was said to have shrunk the Commission’s workforce to a paltry 1,300 spread across 36 states of the Federation, where it has state offices and the Abuja headquarters.
Abubakar was said to have capitalised on the absence of a governing Board for nearly three years to operate the Commission’s activities on his whims and discretions and in some cases with impunity, it was alleged.
Investigations revealed that in order to pave way for his seemingly dictatorial style of leadership, the Registrar General unilaterally dissolved the staff Union- Amalgamated Union of Public Corporations, Civil Service Technical and Recreational Employees (AUPCTRE), soon on assumption of office.
In its place, he was said to have inspired the formation of a parallel workers union- Senior Staff Association of Statutory Corporations and Government Ownes Companies (SSASGOC) with an Executive Committee loyal to his management team, a source told DAILY ASSET.
And in order to wade off any opposition to the decision, Abubakar is alleged to have placed about 30 executive members of the Union(AUPCTRE) and other staff perceived as antagonistic to his policies on “punitive transfers” to 30 states of the federation, where the Commission has branch offices.
The transfers were said to have been carried out without recourse to staff needs or expertise required in the state offices.
Although the Commission was said to have expended about N50 million to settle transfer allowances for the affected the staff, the expenditure was heavily criticised as some staff considered it inappropriate in the circumstances of the Commission.
After the staff were successfully redeployed, the Registrar General was said to have directed that none of the transferred staff be allowed to proceed on annual leave, bereavement, casual or sick vacation, all in the bid to prevent any form of regrouping by the unionists.
“It is bare faced punishment” one of the affected staff, who didn’t want his name in print, told DAILY ASSET.
The obviously dissatisfied union leaders, had challenged the Commission’s decision to proscribe AUPCTRE in Court and actually obtained judgment.
However, the Registrar General himself a Lawyer was said to have declined compliance with the judgment of Court and instead proceeded to the Court of Appeal, where the matter was said to have been abandoned.
In another alleged act of impunity, a Deputy Director and Head, Department of Department (names withheld) was transferred on the orders of the Chief Executive to Enugu zonal office, barely a week after his assumption of office.
The said staff was subsequently accused of corrupt practices and suspended for six months from office without any evidence neither was due process followed.
It was learnt that the staff had challenged his suspension in Court and obtained favourable judgment at the National Industrial Court and the Commission was ordered to pay all his entitlements and a compensation of N2million.
Rather than comply with the Court Order, the CAC Chief Executive allegedly ordered another “punitive” transfer of the staff to Jalingo office and subsequently appealed against the judgment. However, a source said the Matter too might have been abandoned at the Appeal Court since the trial Court turned down the Commission’s application for stay of execution.
Also, exploiting the absence of a governing Board, the Registrar General is alleged to have unilaterally recruited two Directors (Human Resources and Finance and Accounts) in 2020 even when there was no budgetary allocation for such high level manpower.
In another instance, a Deputy Director, who had passed all prescribed examinations and adjudged competent to be promoted to the next rank of Director of ICT was blatantly told by the Commission’s boss that he would not be promoted. No reasons were advanced for this supposed victimisation, it was also learnt.
The alleged impunity of the Registrar General was capped by the recent suspension of Chairman of the proscribed AUPCTRE Chairman, a Principal Manager on GL14, whose suspension according to the Commission’s rules could only be approved by a governing Board.
Abubakar was also accused of “modern slavery” with the circular of December 25, 2021 in which he directed staff of the Commission not to use mobile phones while on duty.
“By the force of the said circular, staff were mandated to switch off their mobile phones and keep in a designated box until close of work effective January 2022”, a staff said of the situation.
The staff said the “disrespect of staff” and “violation of their rights” had been extended to Directors who reduced to personal staff of the Chief Executive in the daily operations of the Commission.
DAILY sought the response of the Registrar General through a letter dated June 20, to the RG seeking his comments on the specific allegations against him.
The letter was duly acknowledged on June 21, but there was no response from the Commission at the time of this report.
COVER
Nigeria, Germany Deepen Economic Cooperation, Strengthen Partnership
By Tony Obiechina, Abuja
The Federal Government has reaffirmed its commitment to strengthening Nigeria’s bilateral relations with Germany, with renewed focus on economic cooperation, investment promotion, energy partnerships, and the effective implementation of existing agreements.
Minister of Budget and Economic Planning, Senator Abubakar Atiku Bagudu, made this statement during a visit to the Ministry in Abuja on Monday by the Ambassador of the Federal Republic of Germany to Nigeria, Stefan Rössel.
The minister welcomed the ambassador and his delegation, expressing Nigeria’s appreciation for Germany’s longstanding partnership and support for the country’s economic reform programme, particularly in the early stages of implementation.
He recalled that when German Chancellor Olaf Scholz visited Nigeria, the Federal Government was pursuing significant economic reforms that required support from international partners, including Germany, the World Bank, the International Monetary Fund and the European Union.
The minister said Germany’s support has contributed to Nigeria’s progress in its reform efforts, adding that the country remains grateful for the cooperation and assistance it has received from its development partners.
He also acknowledged Germany’s role in facilitating high-level engagements between the two countries, particularly in trade, investment and energy cooperation, noting that discussions during the Nigerian President’s visit to Germany advanced talks on key energy agreements.
Senator Bagudu further commended Germany’s commitment to multilateral cooperation and international engagement, emphasising the importance of sustained partnerships to address evolving global economic and political challenges.
He noted that Nigeria and Germany had built a strong foundation for bilateral cooperation over the years, with significant opportunities to expand their partnership in areas that support economic growth and development.
The minister disclosed that discussions had covered cooperation involving €25 million and €300 million in export credit guarantees, identifying these as important areas for continued engagement as Nigeria seeks to expand investment opportunities and strengthen its capacity to utilise available resources effectively.
According to him, Nigeria’s reform efforts have created an opportunity to place greater emphasis on attracting investment, strengthening productive capacity, and translating international partnerships into tangible economic outcomes.
He assured the German ambassador that the ministry was prepared to work closely with the German government and its relevant institutions to deepen bilateral relations and broaden areas of mutual interest.
Earlier, Ambassador Rössel expressed appreciation for the warm reception he received, describing the relationship between Nigeria and Germany as strong and longstanding.
The ambassador, who arrived in Nigeria a few weeks ago, reaffirmed Germany’s commitment to building on the partnership’s achievements and to exploring opportunities for further cooperation.
He acknowledged that both countries were operating in an increasingly complex global environment characterised by evolving strategic, political and economic challenges.
Despite these circumstances, Ambassador Rössel expressed confidence that the longstanding relationship between Nigeria and Germany would provide a solid foundation for addressing emerging issues and sustaining mutually beneficial cooperation in the years ahead.
He also welcomed the ministry’s readiness to continue working with Germany, noting the importance of maintaining established partnerships while adapting to evolving circumstances.
In her remarks, the Minister of State for Budget and Economic Planning, Dr Doris Uzoka-Anite, congratulated Ambassador Rössel on his appointment, welcomed him to Nigeria, and expressed the ministry’s readiness to collaborate with him and with relevant German agencies.
She emphasised the importance of translating bilateral agreements and shared commitments into practical outcomes, noting that effective implementation remained critical to achieving the partnership’s objectives.
Dr Uzoka-Anite assured the ambassador that the ministry would continue to facilitate collaboration and support efforts to ensure joint initiatives progressed efficiently and delivered meaningful results.
The Permanent Secretary of the Federal Ministry of Budget and Economic Planning, Dr Deborah Odoh, also welcomed the German delegation, describing Germany as a reliable partner whose technical expertise, knowledge exchange and experience had contributed to Nigeria’s development.
She said the ministry expects the ambassador’s tenure to create further opportunities to strengthen cooperation and to advance the longstanding relationship between the two countries.
The courtesy visit reaffirmed Nigeria and Germany’s shared commitment to sustaining bilateral engagement, deepening economic cooperation, and exploring opportunities for expanded investment and development collaboration.
COVER
DAILY ASSET Appoints Torough, Editor, Names Eze, Deputy
By Laide Akinboade, Abuja
As part of efforts to reposition the newspaper for optimum corporate performance, the management of Asset Newspapers Limited, Publishers of DAILY ASSET, has announced the appointment of David Torough as the Editor of the Abuja-based national daily.
A statement by the management said the appointments were part of the company’s new strategy to further penetrate the various states in the country and raise its readership and patronage.
“DAILY ASSET is widely acceptable across the country and to maintain our leadership position, we need to increase management presence, hence the need to create new Bureau offices in some locations outside Abuja and Lagos,” the statement quoted the Publisher/ Editor-in-Chief, Dr Cletus Akwaya to have said.
In a statement yesterday, Publisher and Editor-in-Chief of the fast-growing daily, Dr. Cletus Akwaya said the appointment was part of the new strategy to properly situate the paper for better productivity.
“DAILY ASSET has a commitment with the Nigerian people. We are determined to weather the storm and give Nigerian readers a Newspaper that satisfies their yearnings and reading pleasure and we can only do that with the right set of professionals,” the statement said.
Akwaya, a former Commissioner of Information from Benue State said the difficult times being faced by Nigerians posed a great challenge to the media as the people deserved credible information with which to make choices.
“We have a bond with the people, to offer credible information at all times in the best tradition of the Nigerian Press and on this scale of objectivity, truth and fairness, we pledge to remain steadfast no matter the challenges,” Akwaya was quoted to have said.
He said the newspaper will maiantin its daily print run and circulation to all states of the federation and urged advertisers to take advantage of the deep penetration of the Daily Asset brand to send their messages.
Torough, the new Editor has had a steady rise in the Newspaper in the last five years.
A graduate of Mass communication of the Benue State University, Makurdi, Torough joined the company in 2022 as Benue State Correspondent. He was spotted for his brilliance and redeployed to Abuja the following year and promoted to Deputy News Editor. He was subswuently named Deputy Editor of the paper, a position he held until the recent appointment.
Torough has attended several journalistic workshops and trainings to properly equip himself for the task ahead.
The statement also said the Management named Eze Okechukwu as Deputy Editor.
Before his elevation as Deputy Editor, Eze has been Deputy Politics Editor and DAILY ASSET Newspaper correspondent covering the Senate, having joined the organization in 2021.
Born on March 10, 1975, Eze holds a Masters Degree in Mass Communication from the Enugu State University of Science and Technology.
Eze began his journalism career with Daily Star, Enugu and later worked with Daily Trust Newspaper, Abuja as sports reporter.
Aside from his journalistic excellence, he has a great deal of passion for sports.
COVER
Insecurity: Northern Govs, Monarchs Seek Six-month Mining Suspension
From Ngutor Dekera, Kaduna and Aliyu Askira, Kano
Northern governors and traditional rulers yesterday called for the suspension of mining activities across the region for six months, blaming illegal mining for worsening insecurity in many states.
The resolution was contained in a communiqué issued after a joint meeting of the Northern States Governors’ Forum and the Northern Traditional Rulers’ Council held at the Sir Kashim Ibrahim House, Kaduna. The meeting, chaired by the Gombe State Governor and NSGF Chairman, Muhammadu Yahaya, had in attendance the 19 northern governors and chairmen of the 19 states’ traditional councils.The Forum expressed concern over the escalating violence in parts of the North, including the killings and abductions recently recorded in Kebbi, Kwara, Kogi, Niger, Sokoto, Jigawa and Kano states, as well as renewed Boko Haram attacks in Borno and Yobe.“The Forum extends its deepest condolences and solidarity to the governments and good people of the affected states,” the communiqué said, noting that the attacks on schoolchildren and other citizens had become “unacceptable tragedies” that required urgent collective action.It commended President Bola Tinubu for what it described as the Federal Government’s “firm response” to recent abductions and insurgency threats, especially the rescue of some abducted pupils.The governors also saluted security agencies for their sacrifices on the frontlines.“We resolved to renew our support for every step taken by the President and Commander-in-Chief to take the fight to insurgents’ enclaves in order to end the criminality,” the Forum stated.A major highlight of the meeting was the North’s renewed push for the establishment of state police, with governors and traditional rulers insisting that decentralised policing had become inevitable.“The Forum reaffirms its wholehearted support and commitment to the establishment of state police,” the communiqué added, urging federal and state lawmakers from the region to “expedite action for its actualisation.”On illegal mining, the governors said criminal mining networks were fuelling violence and providing resources for armed groups.As a corrective measure, they asked Tinubu to direct the Minister of Solid Minerals to impose a six-month suspension of mining activities in order to allow for a full audit and revalidation of licences.“The Forum observed that illegal mining has become a major contributory factor to the security crises in Northern Nigeria. “We strongly recommend a suspension of mining exploration for six months to allow proper audit and to arrest the menace of artisanal illegal mining,” it said.To strengthen the fight against insecurity, the governors also announced the creation of a regional Security Trust Fund.Under the proposed arrangement, each state and its local governments will contribute ₦1bn monthly, to be deducted at source under an agreed framework.They said the fund would help provide sustainable financing for joint operations, intelligence-driven interventions and coordinated security responses across the region.At the end of the meeting, the Forum reaffirmed its commitment to unity and collective responsibility.“Only through unity, peer review and cooperation can we overcome the pressing challenges before us,” it declared.The Forum agreed to reconvene on a date to be announced.Meanwhile, Nigeria’s worsening security crisis took a grim turn on Monday as bandits launched fresh attacks in Kano State, abducting 25 villagers, even as the Federal Government raced to secure the release of more than 300 Catholic school children kidnapped in Niger State.In the early hours of Monday, armed bandits invaded Unguwar Tsamiya—popularly called Dabawa—in Shanono Local Government Area of Kano State, whisking away nine men and two women after shooting into the air and assaulting residents. The attackers also rustled two cows.A resident lamented the community’s helplessness: “We cannot do otherwise; most of us cannot leave because we have nowhere to go. This is our place, our land and everything is here.”The assault came less than 24 hours after a similar attack on Yan Kamaye in Tsanyawa LGA, a community along the volatile Katsina border.In Niger State, National Security Adviser Nuhu Ribadu has assured distraught families of St. Mary’s Co-Education School, Kontagora that the more than 300 students and staff abducted on November 21 will return home “soon.” Ribadu, who led a high-level federal delegation to the school on Monday, said the abductees are safe, though he offered no specifics on their location or the status of rescue operations.According to Daniel Atori, spokesman for the Catholic bishop overseeing the school, the NSA reassured officials: “The children are where they are and will come back safely.”The St. Mary’s attack is part of a worrying resurgence of mass kidnappings reminiscent of the 2014 Chibok schoolgirls’ abduction. Security analysts warn that banditry has evolved into a “structured, profit-seeking industry,” with hundreds of Nigerians abducted in November alone.The Kontagora school abduction occurred the same week 25 girls were kidnapped in Kebbi State—victims who authorities say have since been rescued through “non-kinetic” means. About 50 of the St. Mary’s hostages have also managed to escape.Ribadu’s delegation, which included the Minister of Humanitarian Affairs and the Director-General of the Department of State Services (DSS), reaffirmed the government’s commitment to securing the freedom of all abducted citizens.As communities from Kano to Niger continue to bear the brunt of these violent incursions, the escalating spate of kidnappings underscores the urgent national demand for a more decisive and coordinated security response.

