NEWS
EFCC Chairman Blames Neglect of Cultural Values for Rise in Corruption
Ola Olukoyede, Executive Chairman of the Economic and Financial Crimes Commission (EFCC), has blamed the neglect of cultural values for the high rate of corruption in the country.
He said this on Tuesday when Chief Biodun Ajiboye, Executive Secretary of the National Institute for Cultural Orientation (NICO), paid him a courtesy visit in Abuja.
The visit was to discuss inter-agency collaborations toward re-orienting Nigerians on the need to revive their cultural values as a tool to fight and eradicate corruption in the country.
In a statement issued by Mr Caleb Nor, Media Aide to Ajiboye, Olukeyede said that the commission was doing its best to curb the menace of corruption to a reasonable level.
Olukoyede said one of the ways to achieve the EFCC mandate was through citizens’ cultural orientation on the high level of moral decadence and values that were completely broken.
“What does not belong to you, you don’t have business with it and if we have moral and value re-orientation of the citizenry, it will help us achieve a lot.
“We need to channel our efforts on crime prevention rather than recording thousands of convictions.
“There is also a need for us to look at the loopholes and re-orient the people and that is where NICO comes in. We need people like you to support us by getting involved in the fight against corruption.
“Basic orientation is needed for Nigerians to understand the need to avoid engagements in criminal vices and we will not mind to give your Institute a desk in the commission to see how we can join forces in re-orienting Nigerians.
“Because if we go back to our values and with the potency it has to take away the issue of moral decadence, I can assure you that it will reduce the bulk of my work,” he said.
Also, Ajiboye said his visit was to seek the commission’s support and cooperation in fulfilling NICO’s mandate as the foremost cultural training institute in the country.
He said that such collaboration would assist in tackling financial crimes and fraudulent activities through the cultural and psychological re-wiring of Nigerians to nation’s cultural ideals and ways of life.
He noted that it would equally step up the advocacy to return Nigeria’s cherished cultural values.
Clamouring for the return of cultural values as solution to corruption, Ajiboye disclosed that the institute was powered by law to serve as a focus for orientation in cultural matters for Nigerian policy makers.
He said the institute also had the power to train citizens toward integrating Nigeria’s culture at all levels into people’s everyday activities.
He, however, proposed the training of senior officers of the commission by the institute for improved productivity.
“The institute is of the firm belief that as a crime detection and prevention agency, the EFCC can leverage the advantage of the Nigerian cultural element to tackle corruption and financial crimes in Nigeria.
“If officers of the commission can be grounded in Nigerian culture for effective investigations and interrogations, it will enable them to discharge their duty more effectively.
“There is also no denying the fact that cultural appreciation can also reduce the financial crime rate and corruption among Nigerians. You will agree with me that no culture in Nigeria encourages criminal behaviour or greed.
“However, these values have been replaced with a foreign culture of covetousness which is evidenced in the ever-increasing rate of internet fraudsters or “yahoo yahoo” as they are popularly called as well as other corrupt practices like embezzlement or misappropriation of public funds.
“All these are forms of stealing and no culture in Nigeria encourages thieves. We are therefore proposing a cultural orientation training for senior officers of the commission in a bid to utilise the cultural knowledge they will gain towards aiding crime investigation and interrogation purposes.
“You will agree with me that a suspect whose cultural affinity is respected and appreciated will tend to be more helpful during interrogation,” he said.
According to him, NICO can effectively train and equip officers of the commission with such valuable cultural orientation training. (NAN)
NEWS
Abia Assembly Didn’t Mandate Deputy Gov. to Apologise – Deputy Speaker
Abia House of Assembly has denied social media report that it mandated the Deputy Governor, Ikechukwu Emetu, to issue a public apology over a misunderstanding between him and its member.The Deputy Speaker and Spokesperson, Austin Meregini, who debunked such report while addressing newsmen in Umuahia on Thursday, said the House did not reach any resolution to that effect.
He admitted that there was a misunderstanding between the deputy governor and Mr Mba Nwoko, member representing Ohafia South State Constituency, but said the matter had been taken care of Report says that there have been publications by social media of the House mandating the deputy governor to apologise to Nwoko for disrespecting the lawmaker during the recent state-wide local government elections. It was alleged that Emetu, who is from the same constituency with Nwoko, had instructed the security operatives to arrest the lawmaker for asking about the election result sheet.Condemning the report, Meregini, who is the Chairman, House Committee on Media, said that it was the imagination and figment of the mischief makers.He said that the deputy governor and the lawmaker are brothers, hence there was no need for the Assembly to pass a resolution mandating such an apology.Meregini said: “I was present at the Tuesday sitting, both at the plenary and executive session; there was no time we reached such resolution.“We do not condone any kind of misunderstanding, but as long as we co-exist, there’s bound to be misunderstanding every now and then.“When there is need, we do offer constructive criticism and constructive oversight on the activities of the government and the Executive and we expect that it will continue.”He reaffirmed the robust relationship between the Legislature and the Executive, saying that it would continue to exist for the benefit of Abia people.The deputy speaker commended the Executive on the level of implementation, while expressing satisfaction with the quality of bills passed by the Assembly.(NAN)NEWS
FEC Proposes N47.9trn 2025 Budget
The Federal Executive Council (FEC) has proposed the sum of N47.9 trillion for the 2025 fiscal year for submission to the National Assembly on Monday.The Minister of Budget and Economic Planning, Atiku Bagudu disclosed this after the Council meeting chaired by President Bola Tinubu on Thursday at the Presidential Villa.
According to him, the Council pegged the price of crude oil at 75 dollar per barrel and proposed N1400 as exchange rate to a dollar with oil production put at 2. 06million barrels per day.Bagudu said that the budget proposal included new borrowings of N9.2 trillion to finance the budget deficit in 2025.The minister added that with the growth rate of 3.19 per cent as at the second quarter of 2024, the Federal Government would continue to tackle Inflation, strengthen economic resilience and provide more support for the economy.He also said that government would continue to support high employment generation sectors, improve business environment and effective implementation of youths development and social investment programmes.Bagudu also disclosed that FEC reviewed the 2024 Budget implementation and acknowledged that the review revealed promising in revenue collection and expenditure management.” Despite lacks in prorated target, the overall trajectory shows that fiscal effort are on track with key non-oil streams performing better than anticipated.Similarly, the minister said FEC approved the medium term expenditure framework and the fiscal strategy paper to be submitted to the NASS.” This is in addition to the bills that are already at the National Assembly, the Economic Stabilisation Bill and Tax Reforms Bill , which we believe we will have a very strong growth in 2025,” he said. (NAN)NEWS
Okpebholo Freezes Edo Accounts, Orders Reversal of Ministry’s Name
Gov. Monday Okpebholo of Edo has ordered immediate freezing of all the state bank accounts until further notice.Okpebholo gave the directive in a statement issued by his Chief Press Secretary, Mr Fred Itua, on Thursday in Benin.He warned that non-compliance by commercial banks as well as heads of ministries, departments and agencies (MDAs) would result in severe penalties.
“All bank accounts in all commercial banks are now frozen. Commercial banks must ensure strict adherence and prevent any withdrawal from government accounts until further notice,” the statement said. Okpebholo stated that necessary investigations and financial reconciliations would determine subsequent actions.He also ordered the reversal of the Ministry of Roads and Bridges to the old Ministry of Works with immediate effect.The governor cited what he called lack of completed bridges or significant road projects as a justification for changing the ministry of roads and bridges back to ministry of works.“It is ironic that despite its name, the ministry did not construct a single bridge, not even a pedestrian one,” he said.The governor directed immediate implementation and reflection of the new name across official documents and platforms. (NAN)