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IGP Vows to Prosecute Suspects Behind US Terror Alert

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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.

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Federation Account Garners N7trn Revenue in Six Months – RMAFC

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By Tony Obiechina, Abuja

Revenue Mobilization Allocation and Fiscal Commission (RMAFC) yesterday disclosed that a total sum of N7.31 trillion accrued to the Federation Account between July and Dec. 2023.This was captured in the monthly report to the Federation Account Allocation Committee (FAAC) by the Central Bank of Nigeria (CBN) under the caption “CBN Federation Account Component Statement”.

This amount is higher than the sum of N5.
244 trillion realised in the first half of year 2023, according to a statement signed by the RMAFC Chairman, Mr. Mohammed Bello Shehu and made available to the media in Abuja.The chairman disclosed that out of the total gross revenue inflows into the Federation Account, the sum of N1,692 trillion was transferred to the Exchange Gain Differential Account, thus leaving a balance of N5.
475 billion for distribution.He added that from the amount stated above, the sum of N3.26 trillion was deducted as approved statutory deductions by the OAGF, leaving a net balance of N2.2 trillion for distribution to the three tiers of government within the period under review.The chairman explained that out of the N3.267 trillion statutory deduction indicated above, N2.251 trillion was transferred to the Non-Oil Excess Account as savings, thus leaving a net statutory deduction of N1.016 trillion with further augmentations for sharing among the three tiers of government received from some “reserve accounts.”The statement added that within the period under review, the net sum of N4 trillion was shared with the three tiers of government, an amount higher than the total sum of N3.06 trillion.In terms of percentages, the chairman stressed that “the statutory deduction in the second half of the year constituted 44.12 percent of the total gross inflow into the Federation Account in the six-month period, which was higher than the first half deductions of 42.31 percent (inclusive of transfer to the Non-Oil Excess Account).”On remittances by Revenue Generating Agencies (RGAs), the RMAFC chairman disclosed that out of the total gross revenue inflows into the Federation Account, the Nigerian National Petroleum Company Limited (NNPCL) remitted N874 64 billion in the second half of the year as against the zero-remittance made in the first half of the year.Similarly, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) remitted the sum of N1.56 trillion while the Federal Inland Revenue Service (FIRS) remitted N3.65 trillion

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PDP NEC Meeting Ends with Damagum as Acting Chairman

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By Johnson Eyiangho, Abuja

Peoples Democratic Party (PDP) 98th National Executive Committee (NEC) meeting yesterday ended without a word on the much talked-about replacement of the party’s Acting National Chairman, Amb. Iliya Damagum, an indication that he will continue to function in that position.

In an interview with newsmen after the meeting, the PDP spokesman, Hon.
Debo Ologunagba said for now, the party is focusing on issues of reconciliation and its stability, adding that the issue of the Acting National Chairmanship had been “deferred to the next NEC meeting, which is tentatively scheduled for August 15, 2024″.
Also speaking, the Governor of Bauchi State and Chairman of the PDP Governors’ Forum, Bala Mohammed said the party is united as there was no dissension and rancour.
In his words, “It was planned that the party would have an implosion. PDP is more than that. We have gone beyond all that. This party is united, guided by experience and constitutionality.”There were a lot of permutations and mischievous thinking outside there. But we looked at all the issues and we worked along our guidelines and constitution.“There is no problem or dissension and problem among members,” Mohammed said.The well attended NEC meeting was held amid tight security as police and personnel of the Department of State Services (DSS) condoned off roads leading to the PDP Secretariat, Abuja and diverted vehicular traffic.It will be recalled that the PDP National Working Committee (NWC) had passed a vote of confidence on Damagum during its meeting on Tuesday.A communique issued at the end of the three hours meeting commended all the organs of the party for their collective resilience, steadfastness and commitment towards the unity, stability and sustenance the party despite daunting challenges.The communique commended the efforts of the NWC in its effort towards rebranding the party and urged all party members to continue to work together for the success of the PDP for the benefit of Nigerians and sustenance of democracy in our country.

The document which was read by the PDP National Publicity Secretary, Ologunagba, however, expressed concern over what it described as the ill-implemented policies of the APC administration, leading to worsening insecurity, harrowing economic hardship, soaring unemployment rate, high cost of food and other necessities of life with pervading misery and despondency across the country.”NEC expresses serious apprehension over the spate of acts of terrorism and violence including the escalated cases of mindless killings, mass abduction of innocent Nigerians and marauding of communities in various parts of the country.”NEC condemns the insensitivity, nonchalance, incompetence and arrogance in failure of the APC administration which continues to conduct itself in a manner that shows that it has no iota of interest or commitment towards the wellbeing of Nigerians.”NEC also condemns the creeping totalitarianism and tendencies towards a One-Party State which is inimical to the peace, stability and corporate existence of our nation as well as the development of Democracy and good governance in the country,” it said.The communique demanded that President Bola Tinubu should urgently convene a special National Security Council meeting to proffer a holistic solution and measures to curb the disturbing insecurity with its attendant negative consequences on the nation.It also called on the president to “immediately rejig his Economic Team to bring in persons of proven integrity and competence without bias and vested interest to assist in repositioning the economy.”NEC further demands that the Federal Government should review all policies and programmes which are stifling the economy with suffocating effect on the lives of citizens; including the increase in price of fuel without cushioning measures, hike in electricity tariff, increased taxation and implementation of adverse fiscal policies,” the communique added.Present at the meeting were FCT Minister Nyesom Wike, former Vice President Atiku Abubakar and many other past and presently elected members of the PDP.

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CBN Reduces Banks’ Lending Rate to 50 Percent

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By Tony Obiechina, Abuja

Central Bank of Nigeria (CBN) yesterday announced a review of the loan-to-deposit ratio (LDR) for banks from 65 percent to 50 percent to align with the current monetary tightening.

LDR is used to assess a bank’s liquidity by comparing its total loans to its total deposits.

An increase in the loan-to-deposit ratio allows banks to expand their credits to businesses and individuals, however, a decline in LDR reduces their ability to loan customers from depositors’ funds.

CBN disclosed the increase in a circular titled “Re: Regulatory Measures to Improve Lending to the Sector of the Nigerian Economy”, signed by Adetona Adedeji, CBN Acting Director, Banking Supervision Department.

“Following a shift in the b  ank’s policy stance towards a more contractionary approach, it is imperative to review the loan-to-deposit ratio (LDR) policy to align with the current monetary tightening by the CBN,” the apex bank said.

“Accordingly, the CBN has decided to reduce the LDR by 15 percentage points to 50%, in a similar proportion to the increase in the CRR rate for banks.

“All DMBs are required to maintain this level and are further advised that average daily figures shall continue to be applied to assess compliance.”At the last monetary policy committee (MPC) meeting on March 26, the CBN retained the CRR at 45 percent and the liquidity rate at 30 percent.

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