COVER
IGP Vows to Prosecute Suspects Behind US Terror Alert
By Mathew Dadiya, Abuja
The Inspector-General of Police, Usman Alkali Baba, yesterday said that suspects arrested by security operatives in connection with recent security alert by the United States of America (USA) and the United Kingdom (UK) that terrorists were planning to attack Nigeria’s capital, Abuja, will be prosecuted according to law.
He confirmed the arrest of some suspects connected to terror plan during the weekly Ministerial Briefing organised by the Presidential Communication Team at the Villa in Abuja yesterday.
He also explained reasons why security agencies engage criminals in negotiation to secure release of kidnapped victims.
Alkali urged politicians to play by the rules ahead of the elections in 2023 and avoid violent clashes during elections.
The IGP, who provided the insights while responding to questions from State House Correspondents who were at the briefing, also used the platform to intimate Nigerians with developments and achievements of the Nigeria Police Force in performing its duties.
The chief police officer confirmed the arrest of suspected terrorists and plans to have them prosecuted when he was reacting to a question on the recent security advisories issued by the
United States (US), which generated some level of panic in the federal capital a couple of weeks ago.
However, he denied insinuations that the government tried to dismiss the advisory, noting that it drew criticisms from security stakeholders because it caused apprehension on the citizens.
“Nobody has dismissed as just an alarm. Government has never dismissed it as alarm but we only said it was blown or made in such a way that our people became apprehensive to the situation or to the way it was done.
“The embassies have their own responsibilities to their citizens and they can make their advice and the government has not dismissed what has happened because they have also informed us of what they foresee as threats.
“And we on our parts have also looked at what they put as threat as something that has been with us and efforts are being made daily to see they those threats are mitigated or prevented from happening and that is what has been happening in Abuja and all over the country.
“Sometimes, these threats or things happen but nobody has dismissed it as mere alarm and a lot of efforts have been made, like you said to douse tension.
“Yes, actually arrest have been made for those, we believe are planning to commit crime in whatever form and we have done that arrest and as at when due, those arrested will be charged to court by any of the services which have them,” he said.
Explaining the reason why security operatives have had to negotiate release of kidnap victims with criminals, Baba said it would be an exercise in futility if terrorists who are armed abduct persons and the police goes in search of them under captivity using extreme force.
He made the explanations against the backdrop of over 80 Chibok girls still in Boko Haram captivity, including 29 students of FGC Birni Yauri who have not been set free several years after their abduction.
“You see, the issue of kidnapping is an issue that borders almost all the security agents, including the military, it is a crime that once it is committed, you have to thread very softly and with all sense of professionalism.
“If you do not rescue the person, safely, unhurt, you have not achieved anything and once somebody is in the captivity of an armed person, then you need to do a lot of things, it is not all about guns and other things.
“There are a lot of other things that can be done. We were able to rescue the whole of Forestry students in Kaduna through negotiation, we were able to rescue many others, which I can give you example, for those that we are in contact with, there are things that we are doing, it is a new crime and requires new ways of approaching it and new ways of dousing it.
“Clearly it is under study. For instance the issue of Train negotiators and so forth, were not an issue before, but now we are looking into it and we are putting our personnel to undergo such training and courses. So, we will not say hope is lost. We are still on it”.
The IGP also made a stunning revelation, saying some of the Chibok girls who have been put into family way and were rescued while wandering in the bush, actually make moves to return to their captors.
“The issue of Chibok girls you know they are coming out one after another and gradually. Sometimes they come out and say yes, we have come to see our parents and we want to go back.
“So maybe they have been assimilated or acclimatized with the situation and being indoctrinated and had become part and parcel of those who have abducted them and so forth. But like as I’m saying, it is a continuous effort and even last month, you saw a Chibok girl coming out with two or three kids and said she only came to greet her parents and she wants to go back. So, we are still on it, there is hope,” he assured.
The IGP further advised political parties, politicians and their supporters to stay within the space granted by the law while carrying out their campaigns, avoiding activities and actions that might incite breakdown of law and order.
His warning came a few hours after scores of supporters of the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, were injured by suspected political thugs who attacked his convoy in Maiduguri, Borno State.
He gave the warning while responding to questions bothering on recent attacks on the campaign rallies and political events in Rivers, Kaduna and Borno States during the weekly ministerial briefing at the presidential villa on Thursday.
On the Wednesday attack in Maiduguri, Baba said the state police spokesperson might have reached a conclusion too quickly in his assessment.
He explained that assessment from the state PRO might have been too hasty and not conclusive, hence the need to establish a team to make holistic assessment from the various narratives to ascertain the true picture and prevent a reoccurrence.
“On how realistic it is in stopping the issue of violence in our political agenda either in rallies or campaigns. Well, it takes two to tango. There are laid down means, ways procedures to do rallies and campaigns.
“On our part, we have gone out to appeal to politicians to play the game by the rules. And at the same time allow us to regulate political processions, campaigns and rallies, to avoid clashes and so forth,” he said.
Meanwhile, Baba said the alleged abuse of power by local security outfit Ebubeagu in Ebonyi state and others in oppressing opposition, is being checkmated.
“I think I have even made announcements earlier than even their letter. On the day of the signing of the peace accord, I observed that we have not less than 64 Security outfits that have been created by different state governors with names for different purposes.
“But most importantly, the crime prevention and space is so wide, that we are encouraging everybody to come in. And that is why we said policing is something that requires the contribution of everybody.
“So while these outfits have been created to checkmate crime and criminality, we have also told them that they are not to be used for politicking or to be used for political reasons”, he said.
The police boss acknowledged that some aspects of police duties have been commercialized to generate more revenue through the Police Specialized Automated Services (POSSAB) portal but the service has been abused.
He, however, threw out the idea that unscrupulous persons can use the portal to gain protection from the police.
The IGP said he was against the withdrawal from security personnel being attached to VIPs, saying some of them might be exposed to dangers.
“On the issue of security personnel being attached to VIPs to be withdrawn, for every rule there are exemptions, these people need to be protected but we try to do it with all sense of humility. VIPs need to be protected because some people are really, if left unattended to can be easy target and we will make too much noise.
“So we’re not withdrawing personnel, or I am not of the view of completely withdrawing security aides from VIPs. But that we will manage what we have and also checkmate crime and criminality without actually leaving them bare,” he said.
COVER
Yahaya Bello to Spend Christmas, New Year in Kuje Prison
By Mike Odiakose, Abuja
Immediate past governor of Kogi State, Yahaya Bello will spend the 2024 Christmas and 2025 New Year days in Kuje prison, Abuja, following refusal of his bail application by the Federal Capital Territory High Court.
Justice Maryann Anenih yesterday adjourned the case until Jan.
29, Feb. 25, and Feb. 27, 2025 for the continuation of the hearing.The former governor is standing trial, along with two others, in an N110 billion money laundering charge brought against him by the Economic and Financial Crimes Commission (EFCC).
Justice Anenih had refused to grant a bail application filed by Bello, saying it was filed prematurely.
The judge admitted Umar Oricha and Abdulsalam Hudu, to bail in the sum of N 300 million each with two sureties.
Justice Anenih, while delivering a ruling said, having been filed when Bello was neither in custody nor before the court, the instant application was incompetent.
“Consequently, the instant application having been filed prematurely is hereby refused,” she said.
Recalling the arguments before the court on the bail application, the judge had said, “before the court is a motion on notice, dated and filed on Nov. 22.
“The 1st Defendant seeks an order of this honourable court admitting him to bail pending the hearing and determination of the charge.
“That he became aware of the instant charge through the public summons. That he is a two-term governor of Kogi State. That if released on bail, he would not interfere with the witnesses and not jump bail.”
She said the Defendant’s Counsel, JB Daudu, SAN, had told the court that he had submitted sufficient facts to grant the bail.
He urged the court to exercise its discretion judicially and judiciously to grant the bail.
Opposing the bail application, the Prosecution Counsel, Kemi Pinheiro, SAN, argued that the instant application was grossly incompetent, having been filed before arraignment.
He said it ought to be filed after arraignment but the 1st Defendant’s Counsel disagreed, saying there was no authority
“That says that an application can only be filed when it is ripe for hearing.”
Justice Anenih held that the instant application for bail showed that it was filed several days after the 1st defendant was taken into custody.”
Citing the ACJA, the judge said the provision provided that an application for bail could be made when a defendant had been arrested, detained, arraigned or brought before the court.
Bello had filed an application for his bail on November 22 but was taken into custody on November 26 and arraigned on Nov. 27.
COVER
Middle Belt Group Tasks FG on Resettlement, Safety of IDPs
From Jude Dangwam, Jos
Conference of Autochthonous Ethnic Nationalities Community Development Association (CONAECDA) has called on the federal government to intensify efforts in the resettlement of displaced persons in their ancestral homes.
The organization made this call at the end of its conference held in Jos, the Plateau State Capital weekend.
Thirty resolutions were passed covering security, economy, politics, governance, culture, languages, human rights and indigenous peoples’ rights among others.
The Conference President, Samuel Achie and Secretary Suleman Sukukum in a communique noted that the conference received and discussed reports from communities based on which resolutions were reached on securing, reconstruction, rehabilitation and returning communities displaced by violence across the Middle Belt.
“After considering the reports from communities displaced by violent conflicts, conference resolved, and called on government to focus on providing security to deter further displacements.
“Call on government to provide security to enable communities to return. Government and donor partners should assist in reconstructing and returning displaced communities,” the communique stated.
The GOC 3 Armoured Division Nigeria Army represented by Lt Col Abdullahi Mohammed said the Nigerian Army is committed to working closely with communities to achieve a crime-free society, urging communities to support them with credible information.
“Security is a collective effort, and we cannot do it alone, the community plays a crucial role in ensuring safety.
“We urge everyone here not to shield or protect individuals involved in criminal activities. Transparency and collaboration, together, with maximum cooperation, we can achieve peace, security, and prosperity for our society,” the GOC stated.
The National Coordinator of CONECDA, Dr. Zuwaghu Bonat in his address at the gathering noted that the theme of this year’s program, Returning, Resettling, and Rehabilitating Displaced Communities, was chosen as a wakeup call on the federal government.
He maintained that the organization is aware that President Bola Tinubu has expressed a commitment to ensuring that displaced communities return to their ancestral lands.
He said similarly, some state governments, including Plateau State, have set up committees to address the lingering matter.
The coordinator however cautioned, “It is critical that we avoid generalizations or profiling. For instance, Not all Muslims are involved in terrorism. The overwhelming majority of Muslims in Nigeria are peaceful and reject extremist ideologies.
“We also know that some terrorists exploit religion to mobilize support or rationalize their actions. However, their atrocities – slaughtering women, cutting open pregnant mothers, and killing children show a profound disregard for humanity and God. Normal human beings would not commit such acts.
“We must also be cautious about lumping banditry with terrorism. While statistics indicate that many bandits and kidnappers may share similar ethnic backgrounds, kidnapping has now evolved into a profit-driven enterprise. This distinction is vital to address the root causes effectively,” he stated.
The Governor of Plateau State, Caleb Mutfwang represented by his Senior Special Assistant (SSA) on Middle Belt Nationalities, Hon Daniel Kwada noted that the conference was apt to addressed the various underlying issues bedeviling the region and its people.
“We in the Middle Belt have long been standing at the crossroads of Nigeria’s complex history. Despite our tireless efforts to stabilize this nation, we have faced immense challenges, including underdevelopment, security issues, and marginalization.
“Often, we are unfairly maligned, but gatherings like this offer a chance to change the narrative.
“Such conferences set the tone for better discussions. They allow us to drive processes that bring development, ensure security, and elevate our people to greater heights,” Mutfwang noted.
COVER
Recapitalisation: SEC Charges Banks to Strengthen Corporate Governance
Securities and Exchange Commission (SEC) has called on banks to reinforce their corporate governance principles and risk management frameworks to boost investor confidence during the ongoing recapitalisation exercise.
Dr Emomotimi Agama, Director-General, SEC, said this at the yearly workshop of the Capital Market Correspondents Association of Nigeria (CAMCAN) held in Lagos.
The theme of the workshop is: “Recapitalisation: Bridging the Gap between Investors and Issuers in the Nigerian Capital Market”.
Agama, represented by the Divisional Head of Legal and Enforcement at the SEC, Mr John Achile, stated that the 2024–2026 banking sector recapitalisation framework offers clear guidance for issuers while prioritising the protection of investors’ interests
He restated the commission’s commitment towards ensuring transparency and efficiency in the recapitalisation process.
The director-general stated that the key to bridging the gap between issuers and investors remained the harnessing of innovation for inclusive growth.
In view of this, Agama said, “SEC, through the aid of digital platform, is exploring the integration of blockchain technology for secure and transparent transaction processing to redefine trust in the market.”
He added that the oversubscription of most recapitalisation offers in 2024 reflects strong investor confidence.
To sustain this momentum, the director-general said that SEC had intensified efforts to enhance disclosure standards and corporate governance practices.
According to him, expanding financial literacy campaigns and collaborating with fintech companies to provide low-entry investment options will democratise access to the capital market.
He assured stakeholders of the commission’s steadfastness in achieving its mission of creating an enabling environment for seamless and transparent capital formation.
“Our efforts are anchored on providing issuers with clear guidelines and maintaining open lines of communication with all market stakeholders, reducing bureaucratic bottlenecks through digitalisation.
“We also ensure timely review and approval of applications, and enhancing regulatory oversight to protect investors while promoting market integrity,” he added.
Agama listed constraints to the exercise to include: addressing market volatility, systemic risks, limited retail participation as well as combating skepticism among investors who demand greater transparency and accountability.
He said: “We are equally presented with opportunities which include leveraging technology to deepen financial inclusion and enhance market liquidity.
“It also involves developing innovative financial products, such as green bonds and sukuk, to attract diverse investor segments.
“The success of recapitalisation efforts depends on collaboration among regulators, issuers, and investors.”
Speaking on market infrastructure at the panel session, Achile said SEC provides oversight to every operations in the market, ranging from technology innovations to market.
He stated that the commission is committed to transparency and being mindful of the benefits and risks associated with technology adoption.
Achile noted that SEC does due diligence to all the innovative ideas that comes into the market to ensure adequate compliance with the requirements.
On the rising unclaimed dividend figure, Achile blamed the inability of investors to comply with regulatory requirements and information gap.
He noted that SEC had done everything within its powers to ensure that investors receive their dividend at the appropriate time.
He, however, assured that the commission would continue to strengthen its dual role of market regulation and investor protection to boost confidence in the market.
In her welcome address, the Chairman of CAMCAN, Mrs Chinyere Joel-Nwokeoma, said banks’ recapitalisation is not just a regulatory requirement, but an opportunity to rebuild trust, strengthen the capital market, and drive sustainable growth.
Joel-Nwokeoma stated that the recent recapitalisation in the banking sector had brought to the fore the need for a more robust and inclusive capital market.
She added that as banks seek to strengthen their balance sheets and improve their capital adequacy ratios, it is imperative to create an environment that fosters trust, transparency, and cooperation between investors and issuers.
The chairman called for collaboration to bridge the gap between investors and issuers to create a more inclusive and vibrant Nigerian capital market.She said: “we must work together to strengthen corporate governance and risk management practices in banks, enhance disclosure and transparency requirements for issuers.” NAN