COVER
The Demise of Chadian President, Idriss Déby
Nigeria, Africa and the rest of the world received with great shock the sad news of the death of Chad’s President, Idriss Déby reported to have died of injuries following clashes with rebels in the north of the country at the weekend.
The announcement of his death came on Tuesday, a day after provisional election results projected he would win a sixth term in office.
Following his death, The government and parliament have been dissolved.
A curfew has also been imposed and the borders have been shut. The late Chadian leader Déby, 68, spent more than three decades in power and was one of Africa’s longest-serving leaders. He died of wounds suffered during a visit to front-line troops battling a little-known rebel group, the military announced Tuesday, just hours after he was declared the winner of a an election that would have given him another six years in power. An Army officer by training, he came to power in 1990 through an armed uprising. He was a long-time ally of France and other Western powers in the battle against jihadist groups in the Sahel region of Africa.President Déby had gone to the front line, several hundred kilometres north of the capital N’Djamena, at the weekend to visit troops battling rebels belonging to a group calling itself Fact (the Front for Change and Concord in Chad).A military council led by Mr Déby’s son, a 37-year-old four star general, will govern for the next 18 months.
Mahamat Idriss Déby Itno will lead the council but “free and democratic” elections will be held once the transition period is over, the Army said in its statement. Ahead of the election on April 11, Mr Déby campaigned on a platform of bringing peace and security to the region.
But there has been growing discontent over his government’s management of Chad’s oil resources.In foreign relations under his leadership, his country sent forces to assist Nigeria in the campaign against Boko Haram. It has been a major player in the G5 Sahel, with troops deployed in Mali and Niger. Chad also holds a big influence over events across its southern border in the Central African Republic.Internally, the government still appears to be in command and will seemingly be headed by Mr Déby’s son.Observers say the longer term outlook is uncertain. Mr Déby had just been re-elected in a contest that opponents felt was far from democratic. With this in mind, it is not clear whether his successor will be able to sustain an authoritarian system.
The previous bout of rebel activity had been much further north, in the Sahara and near to the border with Libya. This suggests instability has moved much further south.
There are also deep underlying political, societal and development pressures in Chad that were contained by Mr Déby’s forceful rule but certainly not resolved.Much will depend on whether his son’s military regime will seek to develop dialogue and consensus about the way forward or try and sustain the type of constitutional strongman regime that Mr Déby built.Founded in 2016 by disillusioned former army officers, the rebel Fact group accuses President Déby of repression in the run-up to the election.They built up their base in Libya in the Tibesti mountains, which straddle northern Chad and part of southern Libya.On election day the group mounted an attack on a border post and gradually advanced on N’Djamena the capital.
The new leader, Deby’s 37-year-old son, Mahamat, is best known as a top commander of the Chadian forces aiding a U.N. peacekeeping mission in northern Mali. The military said Tuesday he now will head an 18-month transitional council following his father’s death.The military called for calm, instituting a 6 p.m. curfew and closing the country’s land and air borders as panic kept many inside their homes in the capital, N’Djamena.
“In the face of this worrying situation, the people of Chad must show their commitment to peace, to stability, and to national cohesion,” Gen. Azem Bermandoa Agouma said.
The circumstances of Deby’s death could not immediately be independently confirmed due to the remote location of the fighting. The government has released few details of its efforts to put down the rebellion in northern Chad. The army said Tuesday that Deby had fought heroically but was wounded in a battle. He was then taken to the capital where he later died of unspecified wounds.As time goes on details of the Chadian leader’s demise will come to fore. Nevertheless, Chad and indeed Africa has lost one of its most courageous and pragmatic leaders. Nigeria and its government has lost in Deby, one of its most trusted friends and allies. On the coming to power of President Muhammadu Buhari in 2015, the Chadian leader was among those he visited to solicit support in the fight against insurgency in the Northeast. Deby stood by Nigeria and gave the country the required support , and even on several occasions he led his military in operations against the insurgents in the Northeast of the country. Nigeria will no doubt miss him for support.. Like some African leaders, his major weakness was staying too long in power. Thirty years in office was too much time for any leader to hold on to power. With the benefit of hindsight, the attempt to extend his stay after three decades in office was a great mistake.
If he left the scene,when the ovation was loudest, probably, this fate wouldn’t have befallen him. There are even speculations that what happened was a coup d’etat in disguise. Whatever the case, we enjoin his son, who just took over from him to embark on reconciliation of the various groups in the country. He should initiate genuine talks with the rebels im the bid to restore peace and keep the country together. . Most importantly, efforts should be made to organise free and fair elections in the country, aimed at restoring true democracy at the shortest possible time.
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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.
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.
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
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