COVER
Those Calling for Restructuring Want to Divide Nigeria – Suswam

Senator Gabriel Torwua Suswam (Benue North -East) is the Chairman, Senate Committee on Power. He comes to the Senate with the pedigree of an experienced legislator, having served for two terms as Member of the House of Representatives(1999-2007). The former Governor of Benue State holds strong views on knotty political and economic issues in the country.
In this interview with Politics Editor, JUDE OPARA and Acting Business Editor, MATTHEW DADIYA, Suswam, who holds a Ph. D in Law, bared his mind on the state of the nation’s power sector, the performance of the 9th National Assembly and other critical issues in the polity. Excerpts.Recently you made a public statement on politics in your party.
Can you restate your earlier published statement on what your party intends to do as regards issues of presidency and other major political offices of the party as we march towards another election circle?Well, since the advent of party politics back in 1998, I have belonged to one party, I have been in PDP since I began politics in 1998 before I got elected in 1999, I have not changed party and I intend not to change party, and so I understand the PDP very well. I have also looked at how things are done in the party and so I wasn’t making a statement that was extraordinary.
The PDP in 2019 zoned the office of the president to the North, unfortunately that ambition of having their president from the North was not realized and so the belief is that in 2023 PDP would want to realize that ambition and so there is nothing extraordinary about it. If any person has any superior argument, he can contradict what I have said, I believe that is the normal thing, you say look, I will have things thing, and I have not gotten it and you want to take it away, that does not make any political sense.
So I think the rightful thing for us in PDP is to keep to that (arrangement). Subsequently, when PDP makes a statement that this is the direction we want to go, people will believe in them, but if we keep oscillating that this is zoned to you, even though you didn’t get it, we take it to another place, I don’t think people will be happy with that kind of arrangement. So the right thing is for the PDP to keep faith with what they did in 2019.
There is this clamour for Nigeria to be fine-tuned, some call it restructuring, some say it is true federalism. If you look at how the country was running before the military introduced this unitary system veiled as federalism, so what is your take on the call for a restructured Nigeria so that the clamour for Abuja will reduce. For instance the Ohaneze Ndigbo took you up, when you talked about the PDP zoning arrangement because they felt power should come to them?
Well, it depends on what you define as restructuring
Whether you call it Restructuring or True Federalism, what those demanding for it are saying in essence is; let us go back to what we were practicing before the military intervention, you can call it regional government or as we have them now, states, and also that some of the things we have on the exclusive list should be put in the concurrent list.
You see, devolution of power is not the same thing with restructuring. It is because of lack of understanding of what restructuring is that is creating this problem. For a Yoruba man, restructuring means something different to what it means an Igbo man. The restructuring to an Igbo man means something different from me from the northern part of the country. So we must agree, whether it is devolution of power or restructuring we want.
What do you from the North understand as restructuring?
This talk about restructuring is pure politics and selfishness because this whole project called Nigeria came into being in 1914 and from then, all forms of governments have been tried. We tried the regional government, which was parliamentary system of government, we moved from parliamentary government into a presidential system and we are asking ourselves that we should go back to pre-independence, it means we don’t know what we are talking about. It is either we are making progress or we are not. We have made some substantial progress and then some elites because they felt they cannot access power, they came up with restructuring and once you put them in power, they will no longer talk about restructuring.
That is all. Its just about selfishness, it is not for any genuine concern for the Nigerian project. What I will think will make sense is devolution of powers and that simply means you restructure the fiscal part of the country.
The sharing formula should be fine-tuned so that the states should have more money than the federal government, that is what we need and not restructuring.
There is nothing like restructuring, what we need is devolution of powers, give the states some more powers than they have now and most states can stand on their own, but when you say restructuring, it simply means breaking up the country into different countries and people who are clamoring for that are only looking for a way to carve small enclaves for themselves there and become lords and not for any other reason.
But if we sit down and say look; the sharing formula, let the federal government take may be 30% and states 70%; If you give states more power in terms of what they control from the federal government, that is the kind of thing we should be clamouring and agitating for and not restructuring because it means different things to different people, so it is devolution of powers that people should be asking for and not restructuring.
Today, if an Igbo man becomes president, the Yoruba will say they are marginalized and call for restructuring of the country and once they have it, nobody talks of restructuring, ditto for the North, so there is nothing like restructuring, but devolution of powers is what we should be agitating for and not restructuring. I don’t believe in restructuring.
Let us talk about the situation in Benue. There has been a lot of issues in your constituency, herdsmen and farmers clashes, issues of banditry and insecurity, I know your constituency has been affected in the past with killings and destructions and other untoward things. What have been your efforts to address some of these issues?
The issue of insecurity is a national issue and not limited to any one place. Yes, there have been series of attacks even last night, if I show you my phone, all through the night the herdsmen came last night and attacked some of my villagers in my own immediate village.
In fact two people lost their lives and several of them are in the hospital as I speak to you now. Throughout last night, I didn’t sleep in time; I was communicating with the chairman of the Council.
Now that has become perennial and not just in the state but across the entire country. So what strategy is the government adopting in tackling this menace? That should be the question.
In the Senate, we have put this issue on the front burner almost every day we are sitting and it is not abating because I think the government has not adopted the strategy that can solve this problem and so we will continue to address it, otherwise people may seek for self-help and such will introduce confusion in the society because if now people lose confidence in the legitimacy of government to monopolize violence and address issues that threaten the welfare of the people, then that society becomes a failed state, so I don’t think we should allow ourselves to get to that level, but gradually we are getting to that level where people may seek self-help because government has shown incapacity to address the security challenges in the country. As members of the National Assembly in our individual capacity and collectively, we continue to urge the executive arm of government to be up and doing on its responsibilities.
But in the state, the governor of Benue has done everything humanly possible to address this issue, at one point he was vilified but now every person is engulfed in it and they can now feel the pains of what it means to come under such intense attack.
The herdsmen are controlled by people and so one would expect that the government should be more strategic in identifying the people who control them. Once you are able to do that, it will be easy to control the situation because the clashes between herdsmen and farmers are happening all over the country. The herdsmen carry cattle which is their economy, while the farmers’ economy, which is their farmlands are being trampled upon by the cattle.
So if the government has sworn to protect these two groups, then there must be a way of sitting them down together and identifying what the problem is, that has not been done so everybody is taking laws into their hands and this will continue. It is unfortunate that my constituency is most affected, we have done a lot in trying to mitigate the pains of these people, but it is not abating.
This is a very serious problem that the executive arm of government should do everything to stop otherwise, eventually, if we don’t take time we will have a lot on our hands that will overwhelm everybody.
Can you give us an insight into your pet project of issuing scholarships to some of your constituents, we want to have an idea of what you are doing to mitigate the challenges of your constituents in the last one year as a Senator.
You know, being in the opposition, there is not much you can do in terms of extending patronage to your people, so what I have done is personal to them like students in the Law School are the ones that are targeted because they are vulnerable because the money involved in paying for their school fees and other associated things is so much. So I decided to assist them to pull through Law School. I am doing it as an individual because in the Senate, it is difficult as an opposition member to help people access patronage from government.
I have done quite a lot, I have helped to source places of employment for some people and also in the budget of 2020, there are a couple of projects that we put there hoping that when they begin the implementation of the budget, they will see some signs and dividends of democracy, we are also keeping in touch in them and addressing their personal and community problems.
Considering the current conflict between the Joint Committees on Employment and Labour and the Minister of State for Labour, it seems the legislature wants to dabble into how the executive functions. This was the kernel in the disagreement with Minister Keyamo and we also understand that the National Assembly went into micro-credits being given to people as palliatives for COVID-19 as well as many others, so what is your take in relation to the functions of separation of powers, doesn’t this compromise the oversight on the Executive?
Well, I think your question is contradictory. When you say compromise our oversight, which means we have the power to oversight and in another breadth you talk about compromising our integrity.
Let me say this, the Constitution of the Federal Republic of Nigeria, gives the power of appropriation to the National Assembly and it is in that same way we are vested with the power of oversight. Oversight function, properly defined, gives you the latitude to question and monitor what is going on.
Now in the process of questioning and monitoring, I don’t see how that is dabbling into the workings of other arms of government.
What happened with the Minister of State, Labour is just part of the functions that has been bestowed on the National Assembly that yes, we approved, we appropriated money for an item in the budget and we now said, okay you are going to employ 774,000 persons based on the approval that we have given and we said we will like to have a look at it and you say we should not look at it. If you employ 1,000 persons in my own local government as a Senator of the Federal Republic and you now think I should not know about it, then something is wrong somewhere.
This is the same thing that happened with the Social Investment money where N500 billion was expended and there is no record of it, nobody can identify who and who benefited from that money.
Now they also claimed to have shared N52billion Naira in just a few days and no person has been able to place his or her hand on how N52 billion was shared as palliatives. This is the same system they want to employ now, because if they say they have employed 1,000 in my local government and I look for who benefitted from my local government, I can’t find it. Is it right not to scrutinize?
We insist that we must know each and every person who is going to benefit from that, so I don’t see how that is a problem. In the first place, we approved the money for the programme, so why not allow us monitor its implementation?
There is nothing unusual just that people don’t want to be monitored, they want to embezzle some money, by just putting up some pseudo names and say these are the beneficiaries and you know at that point, it will be difficult for you to say anything. Even the media should ask these pertinent questions, why are they not ready to place everything on the table?
I come from a Constituency that has seven local government areas, it means that they will employ 7,000 persons in these local governments and I don’t know who those persons are. Is it the Minister sitting in the office here, who has never known those places and has never been there, what is the criteria?
They say they have appointed committees, to do what? If as a major stakeholder, I am not qualified to participate and know how it is organized to say look these are my people, I think the media should even question them more.
We have experienced it before, N52 billion was shared and I have continued to ask people from my constituency and no single person has come to testify he got that money, now it is 774,000 and you can imagine how much that would amount to, they just want to share it and say they have shared it to the people, and we are not going to allow that to happen. We have insisted that the process must be transparent and we must be involved so that we can monitor it.
COVER
Heirs Insurance Posts N61bn Gross Written Premium

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.COVER
Confusion Trails Mohammed Babangida’s BOA Chairmanship Appointment

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.COVER
Retired Police Officers Defy Rain, Protest Against Pension Scheme

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.