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Soyinka, Atiku, Others Fault Tinubu Address Over Protest

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By Johnson Eyiangho, Abuja

Nobel Laureate Prof. Wole Soyinka yesterday criticised President Bola Tinubu saying the president’s nationwide address failed to address the attacks on #EndBadGovernance protesters by security agencies.Reports across the country indicate that at least 21 people lost their lives but Tinubu said the protesters had a political agenda and were out to undermine his government.

Many Nigerians had called on Tinubu to douse tension by addressing the country.
The president, in a 38-paragraph speech yesterday did not dwell on the 12 demands of citizens.Rather, he reeled out his achievements in office and warned that government would deal with mischief makers.Soyinka reacted to the speech in a statement saying, “I set my alarm clock for this morning to ensure that I did not miss President Bola Tinubu’s impatiently awaited address to the nation on the current unrest across the nation.
“His outline of government’s remedial action since inception, aimed at warding off just such an outbreak, will undoubtedly receive expert and sustained attention both for effectiveness and in content analysis.“My primary concern, quite predictably, is the continuing deterioration of the state’s seizure of protest management, an area in which the presidential address fell conspicuously short.“Such short-changing of civic deserving, regrettably, goes to arm the security forces in the exercise of impunity and condemns the nation to a seemingly unbreakable cycle of resentment and reprisals. “Live bullets as state response to civic protest – that becomes the core issue. Even tear gas remains questionable in most circumstances, certainly an abuse in situations of clearly peaceful protest.“Hunger marches constitute a universal S.O.S., not peculiar to the Nigerian nation. They belong indeed in a class of their own, never mind the collateral claims emblazoned on posters.“They serve as summons to governance that a breaking point has been reached and thus, a testing ground for governance awareness of public desperation.“The tragic response to the ongoing hunger marches in parts of the nation, and for which notice was served, constitutes a retrogression that takes the nation even further back than the deadly culmination of the watershed ENDSARS protests.“It evokes pre-independence – that is, colonial – acts of disdain, a passage that induced the late stage pioneer Hubert Ogunde’s folk opera Bread and Bullets, earning that nationalist serial persecution and proscription by the colonial government.“Security agencies cannot pretend unawareness of alternative models for emulation, civilized advances in security intervention.“Need we recall the nationwide 2022/23 editions of what is generally known as the Yellow Vest movement in France?“Perhaps it is time to make such scenarios compulsory viewing in policing curriculum. In all of the coverage that I watched, I did not catch one single instance of a gun leveled at protesters, much less fired at them even during direct physical confrontations.“The serving of bullets where bread is pleaded is ominous retrogression, and we know what that eventually proves – a prelude to far more desperate upheavals, not excluding revolutions.”Soyinka who visited Tinubu in December appeared to have become an ally of government.“I came to see him to find out how he is doing after neglecting my advice. I wanted to see how he and his wife are faring. I also came to wish them a merry Christmas,” he said after seeing Tinubu in the State House, Abuja.Similarly, the 2023 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar yesterday criticised the president’s speech, calling it hollow and inadequate in addressing the suffering of Nigerians.In a statement, Atiku pointed out that Tinubu’s broadcast overlooked the severe economic challenges that Nigerian families have faced since the start of his administration.He stated, “This address lacks credibility and fails to offer any immediate, tangible solutions to the Nigerian people.“Given the extensive publicity surrounding the protests and the threats issued by government officials against demonstrators, one would have expected President Tinubu to present groundbreaking reforms, particularly those aimed at reducing the exorbitant costs of governance. “But alas, no such announcements were made. The president ignored the protesters’ demands, such as suspending the purchase of aircraft for the president, downsizing his bloated cabinet, or even eliminating the costly and burdensome office of the First Lady, who has been indulging in extravagant trips at the nation’s expense”

In similar manner, organisers of the #Endbadgovernance protest in Osun State said Tinubu did not address any of their concerns.Speaking on Day 4 of the protest at Freedom Park in Osogbo yesterday, the Coordinator, Coalition of Concern Nigeria Citizens, Adetunji said the group would meet to discuss the way forward as the president did not address any of their concerns.He said, “Our protest is not a one-man show, especially as Osun’s case is concerned. Regarding the President Bola Tinubu’s address this morning, he did not address any of our concerns.“The president was not specific on what the government will do to address the demands of the youth. The president’s call for dialogue is an open-end appeal, which does not have a clear indicator on what will be done.”Also, Comrade Emmanuel Olowu, Secretary, Osun Coalition of Civil Societies, which is also part of the protest said the president’s appeal for end and embrace dialogue would be discussed at a meeting of the various groups.It is a movement for Nigerians which we are leading but the people would eventually decide in which direction the protest would move going forward,” he said.The #EndBadGovernance protest continues today.

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Heirs Insurance Posts N61bn Gross Written Premium

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Heirs Insurance Group has announced its audited financial results for the year ended December 31, 2024, showing strong year-on-year growth across business lines and metrics.The insurance group reported a combined Gross Written Premium of N61bn in 2024 for its life and general insurance companies, indicating a 70 per cent increase from the N35.

8bn recorded in the previous year.
Heirs Insurance Group is the insurance subsidiary of Heirs Holdings, the pan-African investment company, with investments across 24 countries and four continents.
The insurance group also recorded a combined insurance revenue of N31.4bn, which is about 53 per cent higher than N20.5bn in 2023. Profit Before Tax rose from N4.
8bn in 2023 to N11.2bn, more than double the previous year’s figure, and representing a 133 per cent year-on-year growth, and the group paid about N10.4bn in claims during the year under review compared to N4.18bn. Its total assets grew by 66 per cent, rising from N55.8bn in 2023 to N92.9bn in 2024.Analysing the financial performance of the entities that make up the group indicated that Heirs Life Assurance reported an 85 percent increase in Gross Written Premium from N23.87bn in 2023 to N44.22bn in 2024. Insurance revenue rose by 109 per cent to N15.1bn from N7.3bn in 2023 as its profit before tax grew to N5.5bn, up from N1.88bn, indicating a 193 per cent increase. Claims paid by Heirs Life also rose to N5.67bn, a 120 percent increase from N2.5bn paid to customers in 2023.Heirs General Insurance also maintained a strong growth trajectory as its Gross Written Premium rose by 42 per cent to N16.9bn from N11.9bn in 2023. Insurance revenue hit N14.3bn, a 19 per cent increase from the N12bn recorded in 2023, and profit before tax grew by 104 per cent, rising from N2.4bn in 2023 to N4.9bn in 2024. HGI also demonstrated strong claims responsiveness, with claims paid amounting to N4.7bn, up 25 per cent from N3.7bn in the previous year.The insurance broking and risk management consulting firm in the group, Heirs Insurance Brokers, posted growth as well. Its revenue grew by 54 per cent from N1.28bn in FY2023 to N1.97bn in 2024, driven by increased client acquisition and retention. Profit Before Tax rose by 53 per cent fromN528.59m in the prior year to N805.91m in 2024, highlighting strong cost discipline and operational efficiency.In a statement accompanying the financial results, the group said it had achieved year-on-year growth due to its strong leadership and corporate governance and a focus on driving digital innovation to make insurance simple and accessible.It added, “Beyond technology, the group drives advocacy across all customer clusters, aligning with its purpose to improve lives and transform Nigeria. Its Essay Championship drives insurance literacy among young students and the school ecosystem, and its travel festival advocates for more inclusive policies to enable cross-border travel, among many other initiatives.”Heirs Insurance Group serves both corporate and individual customers across Nigeria.

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Confusion Trails Mohammed Babangida’s BOA Chairmanship Appointment

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By Mike Odiakose, Abuja

The Presidency has denied reports claiming that Mohammed Babangida, son of former military president Ibrahim Babangida, turned down his recent appointment as Chairman of the Bank of Agriculture (BOA) by President Bola Tinubu.The clarification came after a letter, purportedly signed by Mohammed Babangida and circulated by Chief Dele Momodu, publisher of Ovation magazine and chieftain of the African Democratic Congress (ADC), suggested that Babangida had declined the offer due to personal and professional reasons.

However, presidential media aide Olusegun Dada swiftly dismissed the claims in a post on X (formerly Twitter), stating that Babangida had not only accepted the appointment but also expressed deep gratitude to President Tinubu for the opportunity.
“Muhammed Babangida has officially accepted his appointment as Chairman of the Bank of Agriculture,” Dada wrote. “He thanks President Bola Ahmed Tinubu for the trust reposed in him and categorically denies any report suggesting otherwise.”In a statement attributed to Babangida and shared by Dada, the former military president’s son condemned the letter as false, malicious, and intended to mislead the public and discredit the Tinubu administration.Further debunking the claim, Alhaji Mahmud Abdullahi, a media aide to Babangida, described the circulating letter as “fake” and the handiwork of mischief-makers. He insisted that the document was fabricated, bearing a forged signature and incorrect contact details.“Mohammed Babangida did not reject the appointment. The letter in circulation is fake,” Abdullahi said. “He remains grateful for the honour and is committed to serving the nation in this capacity.”The Presidency emphasized that those responsible for spreading the false information would be investigated and prosecuted, reaffirming its commitment to transparency and national cohesion.Tinubu had recently approved a series of high-profile appointments aimed at strengthening key government institutions, with Mohammed Babangida’s BOA chairmanship among the most notable.

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Retired Police Officers Defy Rain, Protest Against Pension Scheme

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By David Torough, Abuja

In a powerful show of frustration and resilience, scores of retired police officers braved heavy rain yesterday to protest at the gates of the National Assembly in Abuja. Their demand was clear: an immediate exit from the Contributory Pension Scheme (CPS), which they described as exploitative and dehumanising.

The elderly demonstrators, many in their 60s and 70s, carried placards and sang solidarity songs, accusing the government of neglecting their welfare after decades of service to the nation.
Among them was retired Chief Superintendent of Police, Manir Lawal, who said: “We deserve to retire in dignity. This scheme has impoverished us.”Undeterred by the weather, the retirees vowed to remain at the protest site until the leadership of the National Assembly addressed their concerns.
Security personnel were on hand to ensure order, but the mood remained calm and determined.Meanwhile, a similar demonstration took place in Ilorin, Kwara and Plateau States, where members of the Association of Retired Police Officers of Nigeria (ARPON) staged a peaceful protest. The group, led by retired CSP Yakubu Jimoh, echoed demands for an exit from the CPS and called for the creation of a dedicated Police Pension Board—similar to pension structures enjoyed by the military and other security agencies.Jimoh cited glaring disparities in pension benefits, stating that while senior police officers such as AIGs and DIGs had successfully exited the scheme, rank-and-file officers were left behind with meagre monthly stipends and inadequate gratuities. “Imagine being paid just N2.4 million after 35 years of service, and receiving N30,000 monthly. It’s insulting,” he said.Legal Adviser of ARPON, retired SP Adekunle Iwalaiye, emphasised that the protest was not about incitement or lawlessness, but a cry for justice. “We are Nigerians too. We have bullet wounds and sacrifices. Our pensions must reflect that.”However, the Nigeria Police Force has warned of attempts by “external elements” to hijack the peaceful movement. According to a statement posted on X, such individuals were allegedly encouraging confrontation and disorder. The police urged retirees to remain calm and assured them of ongoing efforts to resolve their demands.Inspector-General of Police, Kayode Egbetokun, met with the protesters in Abuja and denied allegations that he was opposed to exiting the CPS.He acknowledged the hardship endured by pensioners and confirmed ongoing high-level engagements, including a recent meeting with National Security Adviser Nuhu Ribadu, to improve retirement benefits.“I empathise with you. I am not opposed to leaving the CPS, but it’s beyond the power of any IGP to unilaterally remove the force from the scheme,” he explained. Egbetokun encouraged the retirees to remain hopeful, noting that alternative solutions to enhance the current system were being explored.In a related development, civil servants in Abuja have urged the Federal Government to fulfill its promise to pay four months’ arrears of the N35,000 wage award.Many expressed disappointment over the delay, accusing the government of insincerity and urging it to disburse the payments in full.As protests and demands for improved pensions grow louder across Nigeria, both retired and active personnel are calling on the government to honor its commitments and restore dignity to public service.

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