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Alison-Madueke’s Loot: SERAP Writes Trump, Seeks Return Of Stolen Assets, Ban On Corrupt Officials

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The Socio-Economic Rights and Accountability Project (SERAP) has urged US President-elect Donald Trump and his incoming administration “to promptly identify US-based proceeds of corruption traced to former and current Nigerian public officials and their associates and to ensure the full recovery and return of any such stolen assets to Nigeria.”

The SERAP said, “any return of proceeds of corruption from Nigeria must meet strict transparency and accountability standards to ensure the funds are used solely for the benefit of the Nigerian people.”

The SERAP urged him to “direct the US Department of Justice to promptly initiate civil asset forfeiture proceedings against proceeds of corruption traced to former and current Nigerian public officials and their associates so as to fulfill several non-controversial commitments by the US to assist Nigeria in asset recovery matters.”

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The SERAP also urged him “to identify and publish the names of former and current Nigerian public officials suspected to be responsible for corruption and the depositing of its proceeds in US banks, and to apply existing US presidential proclamations to temporarily ban such officials from entering the US.”

In the letter dated 18 January 2025 and signed by SERAP deputy director Kolawole Oluwadare, the organisation said: “Diezani Alison-Madueke’s looted assets and other recently returned assets represent a tiny fraction of the over $500 billions that have been reportedly stolen from Nigeria and located in the US or otherwise subject to US jurisdiction.”

The SERAP said, “Our requests are brought in the public interest, and in keeping with the requirements of the UN Convention against Corruption to which both the US and Nigeria are states parties.”

According to the SERAP, “Proceeds of corruption from Nigeria continue to be deposited in US banks or in other locations subject to US jurisdictions.”

The request followed the recently returned $52.88 million in forfeited corruption proceeds linked to former Petroleum Resources Minister Diezani Alison-Madueke.

The letter, read in part: “We hope you and your incoming government address the legal impediments that have continued to allow corrupt Nigerian government officials to deposit and conceal their ill-gotten assets in the US and other locations subject to US jurisdiction.”

“Returning proceeds of corruption to Nigeria is a development imperative. By returning proceeds of corruption to Nigeria, the US would be contributing to the efforts to address the growing poverty in the country and achieve the Sustainable Development Goals.”

“The US has the obligations under the relevant provisions of the UN Convention against Corruption to trace, freeze and seize proceeds of corruption from Nigeria and located in the US or otherwise subject to US jurisdiction and to return the assets to the Nigerian people.”

“A whole chapter of the Convention is devoted to international cooperation in the recovery and return of stolen assets including from Nigeria (chapter V, comprising 9 articles).”

“SERAP is concerned that corruption remains a major obstacle to sustainable development, the rule of law and the effective enjoyment of socio-economic rights in Nigeria. Implementing the recommended measures would contribute to addressing these governance challenges.

“Corrupt practices have long been accepted as a fact of life and an inalienable part of the country’s ministries, departments and agencies [MDAs] and the governmental power structures across several states.”

“Nigeria’s auditor-general office annually documents widespread and systemic corruption in ministries, departments and agencies (MDAs) including in the petroleum, education, health and water sectors, plunging millions of Nigerians further into poverty. The auditor-general office has declared trillions of naira as missing or diverted.”

“SERAP urges you to promptly share information with relevant Nigerian civil society organizations on stolen assets of Nigerian origin located in the US or otherwise subject to US jurisdiction, as required by Articles 46(4) and 56 of the UN Convention Against Corruption.”

“Imposing a temporary travel ban on former and current Nigerian public officials suspected to be responsible for keeping proceeds of corruption in the US or in locations subject to US jurisdiction would not violate due process and presumption of innocence principles, as long as the reasons for the sanctions are communicated to those that may be affected.”

“According to reports, the U.S. Government and the Federal Government of Nigeria recently announced an agreement to promptly repatriate approximately $52.88 million in forfeited corruption proceeds.”

“These funds were forfeited to the United States as part of the Kleptocracy Asset Recovery Initiative of the U.S. Department of Justice. The forfeited assets had been illegally acquired using funds linked to money laundering and a conspiracy to bribe former Petroleum Resources Minister Diezani Alison-Madueke.”

“In 2007, former Chairman of the Economic and Financial crimes Commission (EFCC) Mallam Nuhu Ribadu alleged that Nigerian politicians stole over $400 billion.  Former military dictator General Sani Abacha reportedly collected truck-loads of cash running into billions of naira from the Central Bank of Nigeria.”

“According to the Stolen Asset Recovery Initiative (StAR) estimates, illicit funds associated with bribes received by public officials from developing and transition countries alone are estimated at USD 20 billion to USD 40 billion per year – a figure equivalent to 20 to 40 percent of flows of official development assistance.”

“SERAP notes that Article 51 of the UN Convention against Corruption provides for the return of ‘corrupt’ assets to countries of origin as a fundamental principle. Article 43 provides likewise.”

“Similarly, under Articles 47(3)(a) and (b) states parties have an obligation to return forfeited or confiscated assets in cases of public corruption, as here, or when the requesting party reasonably establishes either prior ownership or damages to the states.”

“A resolution adopted by the Conference of States Parties to the UN Convention Against Corruption in Panama in November 2013 reaffirms this obligation, by requiring state to make ‘every effort’ to return such proceeds. to the victim state.”

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2027 Polls: ‘Poor Funding Could Undermine Election Security, Logistics’ — INEC Chairman Warns

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INEC Officials Held Captive Over Missing Declaration Form

The Chairman of the Independent National Electoral Commission (INEC), Prof. Joash Amupitan, has warned that inadequate funding could undermine security and logistics for the 2027 general elections.

Amupitan gave the warning on Wednesday in Owerri, Imo State, while delivering a goodwill message at the sixth edition of the Conference and Retreat for Senior Police Officers, themed, “Developing a Nigeria Police Roadmap for Effective Management of Security During Elections.”

ALSO READ: Where Is Amupitan?’ — Obidients Demand Answers From INEC

According to the INEC chairman, adequate funding is critical to the effective deployment of security personnel and electoral materials needed for the successful conduct of elections.

He noted that although INEC’s funding is constitutionally provided as a first-line charge on the Consolidated Revenue Fund, the scale of the commission’s responsibilities requires sustained financial support.

Amupitan explained that INEC conducts not only presidential and National Assembly elections but also governorship and State House of Assembly elections, in addition to voter registration and the registration of political parties.

He also pointed out that the commission has statutory powers to request the deployment of security agencies for elections and voter registration, making security an integral component of the electoral process.

He said financial limitations could affect what government agencies are able to accomplish, noting that allocations are often determined by what is available and affordable at a particular time.

“Sometimes, it is not what you would like to do that you are able to do because of financial constraints.”

Amupitan further stressed the importance of voter registration, describing it as the foundation of credible elections.

He warned that an inaccurate or outdated voters’ register could undermine the inclusiveness of the electoral process, adding that INEC’s responsibility for elections across the three tiers of government makes election expenditure a collective national responsibility.

The INEC chairman said adequate funding would be particularly important for deploying personnel and electoral materials to local government areas, wards, registration areas and polling units across the country.

According to him, even where security agencies successfully maintain peace, inadequate logistics could still affect the effective conduct of elections.

Amupitan said security and logistics had remained priorities under his leadership, adding that the commission was working with government and security agencies to address operational challenges ahead of the 2027 polls.

He also highlighted the role of the Inter-Agency Consultative Committee on Election Security (ICCES), describing it as a platform for coordinating INEC, security agencies and other relevant government institutions on election security.

He explained that ICCES, which emerged as a coordinating arrangement following the 2011 general elections amid concerns over post-election violence, has since developed into a structured election-security mechanism operating at federal, state and local government levels.

At the national level, the Inspector-General of Police participates in the arrangement, while commissioners of police are represented at the state level and divisional police leadership at the local level.

Amupitan said continued coordination among INEC, the police and other security agencies would be essential to ensuring that security and logistical challenges do not undermine the 2027 general elections.

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Organised Labour Supports Workers’ Demand for N500 PMS Price, N500,000 Minimum Wage

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The organised labour in Nigeria has joined forces with civil servants demanding for a new minimum wage of N500,000 and reduction of petrol price to N500 per litre to address the worsening economic hardship facing workers and their dependents.

Acting under the Joint National Public Service Negotiating Council (JNPSNC), made up of the Nigeria Labour Congress (NLC), and civil servants, as one Trade Union Side (TUS), made a formal request to the Federal Government.

In a letter to President Bola Tinubu, the National Secretary of JNPSNC (Trade Union Side), Olowoyo Gbenga, disclosed that workers were also demanding the immediate constitution of a committee to negotiate a new national minimum wage, ahead of January 2027.

READ ALSO: Tanker Drivers Suspend Strike after FG Intervention

The NLC insists that their position is realistic and legitimate.

According to the workers, the recent increase in fuel prices to N1,430 per litre and above in some locations had further worsened the cost-of-living crisis. They gave government till Wednesday, September 30, 2026, to take action on their demands, warning that the prevailing hardship is creating palpable tension among workers and Nigerians.

The JNPSNC, which includes Nigerian Civil Service Union (NCSU); Medical and Health Workers Union (MHWU); Association of Senior Civil Servants of Nigeria (ASCSN); National Association of Nigerian Nurses and Midwives (NANNW); among others, said the removal of fuel subsidy three years ago had triggered an astronomical increase in fuel prices which triggered multiplier effects on the prices of essential commodities in the economy.

Other unions in the council are Amalgamated Union of Public Corporations (AUPC); Civil Service Technical and Recreational Employees, AUPCTRE; Nigeria Union of Public Service, Reportorial, Secretarial, Data Processors and Allied Workers, NUPSRAW; National Union of Printing, Publishing and Paper Products Workers, NUPPPPROW; and National Union of Agriculture and Allied Employees, NUAEE.

The council said the situation has made life increasingly unbearable for workers, adding that the provision of food palliatives is not a sustainable solution to the economic crisis.

It said: “It has dawned on Nigerian workers that the provision of palliatives, such as bags of rice, Indomie, vegetable oil, garri, among other edible foods, is as good as weaponising Nigerians with poverty because it is a pyrrhic intervention which is unsustainable, inaccessible to the majority of Nigeria’s population and also limited to political cronies.”

The workers argued that a more sustainable intervention would be to reduce the cost of fuel to N500 per litre, saying the measure will have a multiplier effect on the economy.

“Consequent upon the above, it is preferable that the Federal Government provides an intervention that will trickle down to all Nigerians by making fuel available at an affordable amount, as low as N500 (five hundred Naira),” they said.

The council identified the restoration of workers’ purchasing power, improved productivity and service delivery, promotion of integrity and accountability, and the reinforcement of trust and industrial peace as major reasons for its demand for improved remuneration.

‘Govt must look inward on fuel price’

On fuel prices, the workers said government should “look inward and stabilise the prices of fuel to an affordable minimum,” arguing that fuel remains an essential commodity with significant implications for the Nigerian economy.

“As a matter of reality, the current hardship being faced by the hapless Nigerian workers is caused by the astronomical increase in the price of Premium Motor Spirit to as much as N1,430.00, or more per one litre (this is a killing amount),” the council stated.

It further called for an intervention fund for stakeholders in the oil sector to stabilise fuel prices and eventually bring the pump price down to N500 per litre.

The council also said government could adopt another description for the intervention if the term “fuel subsidy” was considered unacceptable.

“The fuel intervention fund will give the opportunity to every Nigerian to benefit from the intervention fund because it will have multiplier effect in the life of every Nigerian and will naturally trickle down to the downtrodden and all the remotest parts of the country,” it said.

The council also endorsed a position attributed to the NLC President, Joe Ajaero, on measures to address the fuel crisis.

Ajaero was quoted as saying that “Nigeria, as an oil-producing country, has sufficient local refining capacity, even as this substantially resides with the private sector.”

He also said: “As a nation, and as a people endowed with enormous fossil resources, we are deserving of a certain level of protection or buffer against the gales from the Gulf, and indeed, other gales.”

According to the NLC position cited by the council, “As part of the process of creating this buffer government should sell sufficient crude in Naira to our local refineries; expand our national storage capacity in pursuance of meeting energy emergencies and security. These measures will create jobs, economic value as well as deal with mutating security challenges.”

The statement further said: “There is nothing wrong with government subsidizing the needs of citizens, especially in emergency situations like this. At the moment, there is no oil-producing country we know of that has not intervened or come up with sustainable palliatives in one way or the other in these perilous times.”

The NLC position also stated: “Government is making extra money in the international spot market (of between USD35 and 40 per barrel above the budgeted figure). This translates to trillions of Naira a month.

“On a long term basis, we are equally concerned that local refineries are importing crude. This is unreasonable and unacceptable and defeats the logic and purpose of local capacity.”

On wages, the council demanded immediate introduction of a wage award covering federal, state and local government workers.

“Wage award as an urgent intervention and upward review of salaries and allowances of all serving public servants in the Nigerian public service should be provided with immediate effect to cut across all federal, state and local government workers,” it said.

The JNPSNC proposed that the minimum salary payable to an officer on Grade Level 01, Step 1, should be N500,000 per month under the 2027 salary template.

The council also called for harmonised wages across ministries, departments and agencies, MDAs, while urging that the review be encouraged at the state and local government levels.

The JNPSNC urged the president to direct the National Salaries, Incomes and Wages Commission, NSIWC, to commence discussions with the Nigeria Labour Congress, NLC; Trade Union Congress of Nigeria TUC; JNPSNC; and other relevant stakeholders on the wage award and upward review of salaries and allowances.

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‘We’ll Bring Back Subsidy in Our Own Way’ — Kwankwaso

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Former Kano State Governor and Nigeria Democratic Congress (NDC) vice-presidential candidate, Rabiu Musa Kwankwaso, has said an NDC government would bring back fuel subsidy if elected in the 2027 general elections.

Kwankwaso made the declaration during an exclusive interview with ARISE Correspondent, Adesuwa Giwa-Osagie.

SEE ALSO: ‘Obi Has Nowhere to Hide’ — APC Campaign Council Tackles Peter Obi Over Anambra Record

The former governor said the subsidy would not necessarily return in the same form as the previous system, stressing that the NDC would adopt its own approach to reduce the cost of petrol for Nigerians.

“We’ll bring back subsidy in our own way,” Kwankwaso said.

He added that the party would do “whatever it takes” to bring down the price of fuel.

Kwankwaso also criticised President Bola Tinubu’s decision to remove the petrol subsidy at the beginning of his administration, describing the policy and its consequences as having left Nigeria in a “total mess, economically.”

Tinubu announced the removal of the petrol subsidy during his inauguration on May 29, 2023, triggering a major shift in petrol pricing and subsequent increases in the cost of transportation, goods and services.

The policy has remained a major subject of political and economic debate, with the Federal Government maintaining that subsidy removal was necessary to reduce the financial burden on the country, while critics have argued that it has worsened economic hardship.

Kwankwaso, who is running alongside former Anambra State Governor Peter Obi on the NDC ticket, said bringing down fuel prices would be a priority under an NDC administration.

The former Kano governor also took a swipe at former Vice-President Atiku Abubakar while discussing Nigeria’s refineries.
According to Kwankwaso, “Atiku would sell our refineries to his friends.”

His comments come as political parties and presidential contenders begin to intensify their positioning ahead of the 2027 elections, with economic hardship, fuel prices, subsidy policy and the future of Nigeria’s refineries expected to remain major campaign issues.

 

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