COVER
Member- states Owe NDDC N2trn from Allocations since 2000- Ogbuku
By Ubong Ukpong, Abuja
Managing Director of the Niger Delta Development Commission (NDDC), Dr Sam Ogbuku, has said the interventionist agency is owed over N2 trillion naira.
Ogbuku said this when he appeared before the House of Representatives’ Committee on NDDC, chaired by Hon Ibori-Suenu Erhiatake.
This sum, he said, was the accumulation of 15 percent of the allocation to the nine states that make up the region, which is due to the Commission since yesr 2000, but has never been paid.
He also lamented that despite the passing of the 2021, 2022 and 2023 budgets of the Commission, they were yet to get the funds till date.
He said, “I want to raise an important issue.
When we talk about funding. The NDDC Act says the monthly allocation from the Federal Government is 15 percent of the allocation of nine states of the Niger Delta. But I can assure you that since the inception of the NDDC, it has not gotten that. The Federal Government only budgets what it wants to give to NDDC for that year and they give it that year. If you look at the 15 percent, we are not getting the 15 percent. Even with the removal of fuel subsidy and with the increment of states allocation NDDC is still where it is. So, these are issues we want you to help us resolve and we have done our calculation that from 2000 till date we can say we are being owed over N2 trillion from what is supposed to be due NDDC.”Ogbuku, who assumed office in acting capacity in January this year, rued that despite fast-tracking the three-year budget of the Commission, they were yet to the funds.
“We also came in at a point where NDDC never had a budget for 2021, 2022 and 2023. These budgets were before the National Assembly and we had to fast track the passage of those budgets and those budgets were eventually passed in April this year. However, since the budget was passed, it has not been handed over to us up till now. We would pray and plead with you to ensure that as fast as possible, you also facilitate the process for us to have the budget because the budget year is already coming to an end,” he said.
He also said due to the huge debt burden of the Commission, which was due to a malfunctioning of the system, they had to launch a public private partnership (PPP) arrangement in April this year, where private and public entities can also fund projects in the NDDC.
Chairman of the NDDC Board, Chiedu Ebie, assured that they would maintain the best of relationships with the committee and National Assembly.
He also promised that they would work as a team to ensure that the narrative of the commission is changed for the better.
Chairman of the Committee, Hon Ibori-Suenu Erhiatake, promised to look into the issues raised by the Commission, with a view to addressing them.
She said the committee wants to be able to work with the Board to achieve the goal of changing the narrative of the Niger Delta and the Commission to improve the lives and conditions of the people of the region.
She said every member of the committee is committed and ready to carry out their mandate effectively.
“It is very important we create a platform for synergy in implementation of these policies and programmes for the general benefit of Nigerians and especially the people of the Niger Delta. I assure you that this committee is willing and ready to partner with you to make sure that the dividends of democracy are brought to the region and the narratives that had been set by the previous board are changed for the better.
“On this note I would want to seek your cooperation as a board and to ensure that every information we get from you is what we can work with as a committee and that everything we do henceforth is in the discharge of our duties to our people.
“On the issue of the budget, we would look into and find out why it hasn’t been transmitted to the Commission. For the time frame I cannot really say, but now you have brought it to our attention, we would look into it.”
By David Torough, Abuja
Zenith Bank Plc has assured its teeming customers of exceptional service delivery and improved customer experience following the successful completion of its Information Technology Infrastructure Upgrade.
The Group Managing Director/Chief Executive of the bank, Dr.
Adaora Umeoji in a statement expressed her immense gratitude to all customers of the bank for their patience and support during its recent IT infrastructure migration to a new and more robust operating system.Umeoji emphasized that the bank was committed to delivering unparalleled service experience, saying “We undertook such an extensive endeavor in other to better position Zenith Bank Plc for improved service delivery to all our valued customers and provide memorable banking experiences at all our touchpoints,” adding that the bank now has one of the best technology infrastructure in the Nigerian banking industry, and is well positioned to ensure customers experience exceptional service delivery going forward.
Zenith Bank has continued to distinguish itself in the Nigerian financial services industry through superior service offering, unique customer experience and sound financial indices.
The bank has remained a clear leader in the digital space with several firsts in the deployment of innovative products, solutions and an assortment of alternative channels that ensure convenience, speed and safety of transactions.
The bank’s track record of excellent performance has continued to earn the brand numerous awards including being recognised as the Number One Bank in Nigeria by Tier-1 Capital for the 15th consecutive year in the 2024 Top 1000 World Banks Ranking, published by The Banker Magazine. The Bank was also awarded the Bank of the Year (Nigeria) in The Banker’s Bank of the Year Awards for 2020 and 2022; and Most Sustainable Bank, Nigeria 2023 and 2024 in the International Banker Banking Awards.
Further recognitions include being recognised as Best Bank in Nigeria for the fourth time in five years, from 2020 to 2022 and in 2024, in the Global Finance World’s Best Banks Awards; Best Commercial Bank, Nigeria for four consecutive years from 2021 to 2024 in the World Finance Banking Awards. Additionally, Zenith Bank has been acknowledged as the Best Corporate Governance Bank, Nigeria, in the World Finance Corporate Governance Awards for three consecutive years, from 2022 to 2024, ‘Best in Corporate Governance’ Financial Services’ Africa for four consecutive years from 2020 to 2023 by the Ethical Boardroom.
The Bank’s commitment to excellence saw it being named the Most Valuable Banking Brand in Nigeria in the Banker Magazine Top 500 Banking Brands for 2020 and 2021; Bank of the Year for 2023 and 2024, and Retail Bank of the Year for three consecutive years from 2020 to 2022 and in 2024 at the BusinessDay Banks and Other Financial Institutions (BAFI) Awards. The Bank also received the accolades of Best Commercial Bank, Nigeria and Best
Innovation in Retail Banking, Nigeria, in the International Banker 2022 Banking Awards, Bank of the Decade (People’s Choice) at the ThisDay Awards 2020, Bank of the Year 2021 by Champion Newspaper, Bank of the Year 2022 by New Telegraph Newspaper, and Most Responsible Organisation in Africa 2021 by SERAS Awards.
By David Torough, Abuja
The death of the Chief of Army Staff (COAS), Lt. General Taoreed Lagbaja has thrown the nation into mourning, casting a heavy pall over official functions at the Presidency and the security services.
The Presidency yesterday announced Lagbaja’s death following what many attributed to his protracted battle with cancer.
A statement by presidential spokesman, Bayo Onanuga, said Lagbaja, 56, died on Tuesday night in Lagos, “after a period of illness”
“President Bola Tinubu expresses his heartfelt condolences to the family and the Nigerian Armed Forces during this difficult time.
He wishes Lt. General Lagbaja eternal peace and honours his significant contributions to the nation,” the statement read.According to the statement, Lagbaja, who was appointed Chief of Army Staff on June 19, 2023, demonstrated exceptional leadership and commitment throughout his service.
He had previously served as a platoon commander in the 93 Battalion and the 72 Special Forces Battalion among other sensitive positions.
Incidentally, President Tinubu had, last weekend Wednesday, appointed Major General Olufemi Oluyede as the acting Chief of Army Staff, to stand in for Lagbaja who had been away on medical treatment.
The President had, last Tuesday, gone ahead to decorate Oluyede as Lieutenant General, deepening speculations that Lagbaja was not being expected back anytime soon.
Following the death of the late COAS, the Presidency postponed the weekly Federal Executive Council (FEC) meeting scheduled for yesterday in honour of the fallen COAS.
The President also directed that Nigeria’s national flags be flown at half-mast across the country for seven days.
The Ministry of Defence (MOD) was also caught in the sombre atmosphere. A joint statement mourning the demise of the COAS was issued by Minister of Defence, Mohammed Abubakar; Minister of State for Defence, Bello Matawalle; and the ministry’s Permanent Secretary, Ibrahim Kana.
The MOD expressed shock over the sad news recalling Lagbaja’s contribution to the Army and his dedication to duty.
The statement said, “He exhibited the spirit of camaraderie and cooperation with us in the discharge of our mandate.
“The late Chief of Army Staff contributed in no small measure to the internal security operations across Nigeria and also exhibited a high level of professionalism.
“He will be greatly missed by the family, the military and the nation as he served the nation with commitment and dedication.”
Similarly, there was palpable grief at the Defence Headquarters over the loss with the leadership expressing deep sorrow of the development.
It noted that the COAS, until his death, demonstrated exemplary leadership. He was credited with spearheading the establishment of the Nigerian Army Aviation Wing and also playing critical roles in multiple military operations across the country.
On its part, the Nigeria Police Force announced the cancellation of all non-essential personal and social engagements for two days. The Force also suspended non-urgent commitments in honour of the late COAS.
In a statement by Force spokesman, Olumuyiwa Adejobi, the police authorities described Lagbaja as a highly respected figure, known for his tireless efforts in combating insurgency, armed banditry, and violent extremism.
“His dedication to the Nigerian Army and the nation earned him great admiration. The Inspector-General’s gesture reflects the deep respect and appreciation for General Lagbaja’s remarkable service.
“The Nigeria Police Force extends its heartfelt condolences to Mr President and Commander-in-Chief of the Armed Forces of Nigeria, President Bola Ahmed Tinubu, and General Lagbaja’s family, colleagues, and loved ones during this difficult time. His legacy and commitment to Nigeria’s security will never be forgotten,” the statement said.
President Bola Tinubu and Alhaji Atiku Abubakar yesterday joined other leaders across the globe in congratulating America’s President-elect, Donald Trump.
The world leaders sent their congratulatory messages hours before Vice President Kamala Harris conceded defeat to Trump.
Tinubu expressed his eagerness to strengthen the ties between Nigeria and the United States amid the complex challenges and opportunities of the contemporary world.
The Nigerian President’s message was conveyed through a statement yesterday by his spokesman, Bayo Onanuga.
Tinubu said, “Together, we can foster economic cooperation, promote peace, and address global challenges that affect our citizens.
”According to him, Trump’s victory reflects the trust and confidence the American people have placed in his leadership.
The Nigerian leader congratulated the American electorate on their commitment to democracy.
“President Tinubu believes that, given President Trump’s experience as the 45th President of the United States from 2017 to 2021, his return to the White House as the 47th President will usher in an era of earnest, beneficial, and reciprocal economic and development partnerships between Africa and the United States,” the statement said.
Tinubu also acknowledged the United States’ influence, power, and position in determining the trend and course of global events, trusting that President Trump will bring the world closer to peace and prosperity.
Atiku, in his message, described Trump’s victory as “a lesson in the art of rising after every fall,” apparently seeing possibilities of his own victory in future elections amid a string of past losses.
Atiku, who contested in the 2023 presidential election on the platform of the Peoples Democratic Party (PDP), lost to Tinubu and his All Progressives Congress (APC).
He has recorded a string of losses in previous election cycles on different political party platforms.
Atiku commended the process that led to the outcome of the US presidential election, hailing the American citizens for their unwavering faith in the power of democracy and the sanctity of the ballot.
He appealed to Trump to stand resolute in ensuring free and fair elections in Nigeria and the world in general.
“I closely followed the presidential election in the United States of America, watching with bated breath as the nation decided its future.
“It is with even greater satisfaction that I now reflect on the result, which heralds a resounding victory for President Donald J. Trump and the Republican Party.
“This triumph, without a doubt, will stand as an enduring testament to the resilience and vitality of the democratic process – a timeless reminder that democracy, with all its trials and tribulations, remains a force for good in the world.
“The narrative of President Trump’s political journey, marked by his struggles and triumphs, shall serve as an inspiring parable of courage in the face of adversity — a lesson in the art of rising after every fall, and ultimately, emerging victorious.
“As the world rejoices in the euphoria of his remarkable comeback, it is to be hoped that President Trump will continue his resolute advocacy for credible elections worldwide and remain steadfast in dismantling anti-democratic forces wherever they may lurk.
“The lesson for us in Nigeria is the integrity of the process that ensures a credible outcome. It is the expectation of every Nigerian that the Trump administration will stand resolute in ensuring free and fair elections in Nigeria and other places in the world.
“I also extend my warm congratulations to the people of the United States, whose unwavering faith in the power of democracy and the sanctity of the ballot has once again shown the world the true might of the people’s voice”, he said.
Meanwhile the US Vice President, Kamala Harris, has called Trump to congratulate him on winning the presidential election.
Associated Press (AP) report quoted a campaign aide of Harris’ as having had a discussion with Trump on the importance of a peaceful transfer of power and being a president for all Americans.
Harris was billed to make a public concession speech later Wednesday night, which would be her first appearance since she lost the election to Trump.
Further report said she would be delivering her speech at Howard University, Washington DC.
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