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Obasanjo, Awolowo, Soludo others in Kinshasa for DRC-Nigeria Business summit.

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Bankole Taiwo, Abeokuta

The Nigerian former President, Chief Olusegun Obasanjo has arrived in Kinshasa, Democratic Republic of Congo (DRC) for the meeting of the DRC/Nigeria Business Council scheduled to start tomorrow, in the country’s state capital.

The former President left Abeokuta, Ogun State capital enroute Lagos at the early hours of Wednesday, for the two-hour chartered flight to Kinshasa with the Executive Secretary, National Action Committee on the African Continental Free Trade Area (AfCFTA), and the former executive director/chief executive officer of the Nigerian Export Promotion Council (NEPC) between 2013 and 2022, Olusegun Awolowo.

According to his Special Assistant on Media, Kehinde Akinyemi in a release, the Anambra State governor, Prof. Charles Soludo and Wale Adeosun, a business mogul/renowned industrialist in DRC Congo joined the former President on the trip.

On ground ahead of the summit were the President of the Council and former Director General of the International Institute for Tropical Agriculture (IITA), Dr. Nteranya Sanginga, Mr. Jimi Lawal and representative of Oyo State governor, Seyi Makinde, Dr. Debo Akande.

Others expected to join at the meeting are the Kaduna State Governor and Deputy President of the DRC/Nigeria Business Council, Mallam Nasir El-Rufai, Aliko Dangote of the Dangote Group, Mrs Stella Okoli of Emzor Paracetamol among others.

At the last meeting held in Lagos in December, the country’s outgoing President, President Muhammadu Buhari expressed satisfaction with the establishment of the Council, which he stressed would further boost the trade relations between the two countries.

The Deputy Secretary, DRC-NIGERIA Business Council, Amb. Leke Adebiyi hinted that no fewer than 30 propective investors drawn from Health, Education, Agriculture, Communications, Power and Finance sectors are to meet with their DRC counterparts.

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Yahaya Bello: Court orders EFCC boss, Olukoyede to appear over alleged contempt

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A Kogi High Court in Lokoja on Friday ordered the Chairman of the EFCC, Mr Ola Olukoyede, to appear before it on May 13 to show why he should not be committed for allegedly disobeying its order.

Justice I.A. Jamil of High Court IV gave the order while ruling in Suit No: HCL/68M/2024 and Motion No: HCL/190M/2024, brought before him by ex-Gov. Yahaya Bello of Kogi in Lokoja.

“The said act was carried out by the Respondent (EFCC) in violation of the order, which was valid and subsisting when they carried out the act.

“That same act of the respondent amounts to contempt, ” the judge said.

The News Agency of Nigeria (NAN) reports that the EFCC boss is facing a contempt charge for allegedly carrying out “some acts upon which they (the EFCC) have been restrained” by the court on Feb. 9, pending the determination of the substantive originating motion.

EFCC operatives had on April 17 laid siege on the residence of the former governor, Alhaji Yahaya Bello, in a bid to arrest him, in spite a court order restraining them from taking such action, pending the determination of the originating motion.

Justice Jamil’s order was based on a motion ex-parte filed by Yahaya Bello through his lawyer, M.S. Yusuf.

Bello prayed the court for an order to issue and serve the respondent (EFCC Chairman) with Form 49 Notice to show cause why Order of Committal should not be made on Olukoyede.

“The Judge, after listening to the arguments of the applicant’s counsel, the submission and exhibits attached in the written address, granted Bello’s prayers and ordered Olukoyede to be summoned to appear before the court to answer the contempt charge.

“The applicant’s application before me is to the effect that the respondent has carried out some acts upon which they have been restrained by this court on Feb. 9, pending the determination of the substantive motion on notice before this court.

“That the said act was carried out by the respondent in violation of the order which was valid and subsisting when they carried out those acts. That same act of the respondent amounts to act of contempt.

“It’s against the above facts that this Court hereby grants the prayers sought in line with the principle of “Audi Ultra Patem”  (listen to the other side).

“This matter is adjourned to May 13 for the respondent’s chairman to appear before this court in answer to form 49 ordered to be served on him,” the Judge said.

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Tinubu appoints heads of NESREA, NDRBDA

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President Bola Tinubu has approved the appointment of Dr Innocent Barikor as the Director-General of the National Environmental Standards and Regulation Enforcement Agency (NESREA).

Chief Ajuri Ngelale, Special Adviser to the President on Media and Publicity, disclosed this in a statement on Friday in Abuja.

The President also approved the appointment of Prince Ebitimi Amgbare as the Managing Director/CEO of the Niger Delta River Basin Development Authority (NDRBDA).

Barikor is an academic, politician and a member of the Rivers State House of Assembly from 2011 to 2015, while Prince Amgbare is a retired naval officer and former commissioner in Bayelsa.

He said that the President expected that the new heads of these important agencies to discharge their duties with utmost fidelity to the nation.

Ngelale also stated that the President called on the new appointees to adhere to the highest standards of professionalism, accountability, and excellent service to the people of Nigeria.

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NCP approves recommendation to reposition BOA

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By Matthew Denis

The National Council on Privatisation (NCP) has given its nod to the recommendations aimed at repositioning the Bank of Industry (BOA) to ensure food security for Nigerians.

Chaired by the Vice President, Sen. Kashim Shettima, the NCP approved the recommendations from the committee on BOA during its second meeting of 2024 held on Wednesday, April 24, 2024, at the Presidential Villa Abuja.

Speaking during the meeting, the Vice President emphasized the importance of optimizing BOA as part of the administration’s agenda to provide food security for the nation. He urged the committee to engage professionals with integrity to manage the process effectively.

Presenting the committee’s report, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, who is also the Vice-chairman of the NCP, highlighted the decision to reposition BOA for efficiency and effectiveness. He expressed confidence that the recommendations would guide the Council in revitalizing the Bank of Agriculture and positioning it globally.

One of the Key recommendations includes upgrading the Bank’s ICT infrastructure to automate processes and ensure accountability.

Recall that in 2023, an 8-member inter-ministerial team was set up by the NCP to review the state of affairs at BOA, given its critical role in agriculture and the administration’s commitment to food security. Additionally, in 2016, the NCP approved collaboration between the Bureau of Public Enterprises and the Federal Ministry of Agriculture and Rural Development, along with the Federal Ministry of Finance, to restructure and recapitalize BOA.

Established in 1972, BOA, formerly known as Nigeria Agricultural Cooperative and Rural Development Bank, is owned by the Federal Government of Nigeria (FGN), with the Ministry of Finance Incorporated (MOFI) holding 60% and the Central Bank of Nigeria (CBN) holding 40%.

The Bank is supervised by the Federal Ministry of Agriculture and Food Security (FMAFS).

BOA’s authorized share capital was increased in 2022 from N50 billion to N500 billion to facilitate its repositioning.

The committee, comprising the Minister of Finance & Coordinating Minister of the Economy as Chairman, Minister of Agriculture and Food Security, Governor of CBN, Ministry of Finance Incorporated (MOFI), Mr. Mohammed Mustapha Bintube, Chairman of the Technical Committee of the NCP, Chairman of the Legal Committee of NCP, and Director General of the Bureau of Public Enterprises (BPE) as the secretary, worked diligently to arrive at these recommendations.

In another development, the NCP also noted a proposal for the establishment of an independent system operator from the Transmission Company of Nigeria (TCN) to enhance efficiency in the nation’s power sector.

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