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Recession: Bleak Christmas Awaits Nigerians

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By Chika Otuchikere, Abuja 

With the 2020 Christmas celebrations just a few weeks away, Nigerians are already in deep worries and fears that this may just be the worst Christmas experience in decades.

No thanks to combined factors of current economic recession, myriad of social ills and the daily deadly attacks by armed bandits, kidnappers and sundry criminals, who leave huge death toll on their trail.

Already, the federal government had sounded the alarm on the dangers lurking ahead of the yuletide when it warned citizens intending to travel this season to do a rethink.

It cited reasons not unrelated to the conditions of the roads and the state of insecurity.

Apart from the government’s warning, Nigerians would be compelled to act on the side of caution due to the fast rising cost of commodities in the market.

Foodstuff are the worst hit in the country as the cost of transporting them to the markets had sky-rocketed following the hike in the pump price of fuel.

With the country entering its second economic recession in five years and the naira further weakening in the parallel foreign exchange market, this spells doom for Nigerian consumers.

As a result of this, traders of non-food items are going to face a hard time accessing the dollar. The burden will definitely be transferred to Nigerians who may, as well, forget any celebration this season.

Of course, Nigerians are already groaning under the burden of the recent hike in electricity tariff and pump price of fuel, which have heightened the poverty in the land.

More and more Nigerians have joined the millions of those who were already living below the poverty level.

As a former associate of President Muhammadu Buhari, Buba Galadima predicted at the weekend, “Nigerians will soon begin to pick food from the dustbin”.

The level of insecurity plaguing the country at the moment is another major cause for nightmare for most Nigerians this Christmas season. Presently, no region or state in the country is spared of the havoc wrecked by the deadly monsters holding the country and its citizens by the jugular.

Before the present government came to power in 2015, the country was grappling with the Boko Haram group, terrorizing mainly the north east and their activities was already overstretching the security agencies.  

Five years down the line, the entire country is besieged by, not only the Boko Haram terrorists, but a cocktail of kidnappers, bandits, herdsmen and armed robbers, having a field day terrorizing the citizens and smiling to the bank.

The Pan-Yoruba group, Afenifere, had heaped the blame for Nigeria’s current parlous state on the door mouth of President Buhari saying that his five years of governance has plunged Nigeria into abundant poverty.

The group made the assertion in a statement released weekend, reacting to the recession of the Nigerian economy.

The statement signed by its National Publicity Secretary, Yinka Odumakin, said the country had become ungovernable under Buhari’s administration.

“As Nigeria enters the worst recession in 33 years and the second in five years of Buhari, we are equally besieged by attendant poverty as well as insecurity worsening across the land with kidnappers, armed robbers and bandits on the prowl and government helpless and unable to govern effectively.

“The truth is that the country had virtually become ungovernable and unless we restructure and restore Nigeria to federalism, the country is on the brink of collapse and God should save us from the worst-case scenario”, the group stated.

Last week, a ruling party chieftain was abducted and killed in what the police said may be an assassination; a first class traditional ruler was killed during an attempted kidnap. The orgy of killings culminated in Saturday slaughtering of 43 farmers in Borno State by the Boko Haram terrorists.

The spokesman of the Northern Elders Forum (NEF) Hakeem Baba Ahmed, captured the insecurity mood of the country in a television interview at the weekend when he said the north is the most unsafe place in the world to reside. The Sultan of Sokoto had earlier expressed a similar view when he said no part of the northern Nigeria is safe to reside.

The Minister of Defence Major General Bashir Magashi (retd) in a statement on Saturday alluded to the security challenges of the country. The minister who was represented at the graduation of 21 Participants of Naval Warfare Course 4 by the Chief of Defence Staff (CDS) General Abayomi Olonisakin noted that;

“The country is currently beset with myriad of threats that has affected the overall security of the nation. He elucidated that these threats have seen the Armed Forces engaged in various operations across the country to curtail the myriads of security challenges especially the insurgency in the North East, banditry and rampant kidnapping in the North West as well as other agitations and violent crimes in all parts of our nation”.

Meanwhile, as part of measures to address the insecurity situation in the country this yuletide, the Inspector General of Police IGP Mohammed Adamu, has ordered Commissioners of Police (CPs) across the 36 States of the Federation and the Federal Capital Territory (FCT), and their supervisory Assistant Inspectors-General of Police (AIGs) in the 17 Zonal Commands, to revamp the security architecture in their Area of Responsibilities (AOR) ahead of the yuletide.

The IGP assured the citizens of the renewed commitment of the Force towards ensuring their safety and security especially as the Christmas season approaches.

He, however, called for the continuous understanding, support and encouragement to the Police by the citizenry..

 The citizens of the country may be left with only one option; to shelve the 2020 Christmas celebration for reasoning ranging from their personal safety to their ability to spend this season.

Also, they should have hindsight that the COVID-19 pandemic also unleashed its own devastating havoc on their economy as well as the country’s economy.

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DAILY ASSET Appoints Torough, Editor, Names Eze, Deputy

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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.

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Insecurity: Northern Govs, Monarchs Seek Six-month Mining Suspension

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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.

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Abacha Loot Probe: Malami Faces EFCC Panel Daily in December

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Abubakar Chika Malami SAN Attorney General
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By David Torough, Abuja

The Economic and Financial Crimes Commission (EFCC) said former Attorney‑General of the Federation and Minister of Justice,  Abubakar Malami, will face a team of interrogators at its office daily throughout December.A credible source in the EFCC said on Monday that the daily appearance was part of an ongoing investigation into the whereabouts of an alleged 490 million dollars Abacha loot secured through a Mutual Legal Assistance (MLAT) request.

The source said that Malami, who was summoned for interrogation by the EFCC on Saturday, was barred from leaving Nigeria for the next one month.According to the source, one of the conditions for his release on Saturday was that he should report daily to the EFCC Headquarters in Abuja for further interrogation.
The source said Malami would have to appear daily at the anti-graft office due to the volume of the investigation and the seriousness of the charges against him.”We seized his passport, it is the normal routine during investigation, but he has to report at the EFCC headquarters in Abuja every day for the next month.”He will be reporting for further investigation throughout December.”He will be reporting every day, starting from Dec. 1st to Dec. 31st.He will appear before the team of investigators for the entire month of December.”He will be reporting to EFCC for investigation for the period because of the volume of the investigation and the seriousness of the charges against him,” the source added.According to the source, a fact sheet on the former minister revealed that Malami had several issues to clarify with the EFCC within the coming weeks.“We have asked him to explain the whereabouts of the $490 million Abacha loot secured through MLAT.“We didn’t say he stole money, but he should account for the loot. This is one of the issues he will clarify to our investigators.”The commission cited the large volume of documents he must review and the need for extensive interviews as reasons for seizing his passport.The source said EFCC would not engage in a war of words but would release its findings after a thorough investigation.Malami, in a statement by his media aide, Mohammed Doka, on Monday in Abuja, however, described the EFCC investigation as a political witch‑hunt.He confirmed he honored an EFCC invitation on Nov. 28, describing the engagement as fruitful and expressing confidence that the probe would vindicate him.Malami described the EFCC’s allegations as baseless, illogical and devoid of substance, insisting they collapse under factual scrutiny.

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