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EFCC, NOUN to Review MOU for Enhanced Collaboration

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The Economic and Financial Crimes Commission (EFCC),  and the National Open University of Nigeria (NOUN), have reached an agreement to re-strategise and come up with a more mutually-beneficial Memorandum of Understanding ((MoU), to strengthen the fight against economic and financial crimes as well as other acts of corruption.

This development came recently in Abuja when the Vice Chancellor of the NOUN, Prof Olufemi Peters led a delegation of his management team to the headquarters of the EFCC on a courtesy visit.

Prof Peters explained that the NOUN had a long-standing relationship with the EFCC and the visit was meant to bolster the existing relationship between the two agencies.

He stated further that since the signing of the MOU in 2021, the two agencies have been able to build synergy on cyber security and forensic studies.

In his words, “Since our initial agreement, the synergy between our institutions has strengthened and our collective efforts have significantly contributed to building capacity in the areas of recognising and combating cyber threats in Nigeria.

“Our two institutions, having become aware of complementary features inherent in the execution of our mandates, signed an MOU to build synergy on cyber security and forensic studies. Since our initial agreement, the synergy between our institutions has strengthened and our collective efforts have significantly contributed to building capacity in recognising and combating cyber threats in Nigeria.”

He recalled the joint International workshop organised by ACTEL in collaboration with the International Information Development Agency, the African Centre of Excellence in Mathematics Computer Sciences and Applications and the EFCC.

In addition, he noted the Digital Footprint organized by NOUN in June 2023 which featured five of EFCC staff in active participation.

“We are proud to note for the records that an EFCC staff member, Mr. Kennedy Ketebu was among the first four students to bag a PhD degree in Artificial Intelligence from our University.

“This staff also benefitted from a Digital Science Support Fund that enabled him to showcase his research work at the World Bank’s office in Washington, USA, in October 2022.

“Our partnership is indeed yielding results. Over the past two years, we have witnessed other notable achievements such as joint seminars, workshops, supervision of Masters and PhD programmes in artificial intelligence, cyber security and management information systems”, he said.

He pressed for enhanced collaboration and renewal of the MoU with the EFCC to allow for internship opportunities, technology-based services,  research, capacity building, supervision and facilitations and  public awareness campaigns.

“As was before, we hope that the MOU will be managed through collaborative efforts and activities and projects will be jointly developed and implemented.

“I’m confident that renewal of the MOU will further solidify our partnership and lead to even greater achievements. Together, we will continue to make significant strides in enhancing cyber security, preventing financial crimes and contributing to the overall development of our great country”, he pointed out.

He appreciated the dedication and commitment of the Executive Chairman of the EFCC, Ola Olukoyede since he assumed office and charged him to continue to do the good work he was doing.

Responding, Olukoyede appreciated the visit of the delegation and thanked them for the extension of the hand of fellowship and comradeship to the EFCC.

He assured that the Commission was ever ready to continue the relationship between the two agencies.

ALSO READ: BREAKING: EFCC, Partners Mark 2024 African Union Anti-corruption Day With Walk Against Corruption

He harped on the need for public awareness to the ills of corruption and “the best way to create public awareness is through educational services which NOUN is providing”.  He commended NOUN management for the distance learning opportunities Nigerians are getting through the institution.

The EFCC boss also charged the institution to develop a curriculum on anti-corruption studies to build in their students requisite skills and knowledge against corrupt practices.

He assured the VC and his team that the EFCC would review and  renew the MoU with the institution for stronger and more fruitful collaboration.

“We are ready to collaborate with you and strengthen the relationship. We are not just going to renew the MOU,  we are going to review it to allow for fresh inputs to be put into it”, he said.

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Ibadan Funfair Tragedy: Former Ooni’s Wife, Others Remanded Over Stampede

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A Chief Magistrate’s Court in Iyaganku, Ibadan, has ordered the remand of Naomi Silekunola, the former wife of the Ooni of Ife, along with Oriyomi Hamzat, the CEO of Agidigbo FM, and Abdullahi Fasasi, the Principal of Islamic High School, at the Agodi Correctional Centre.

The trio was arraigned on Tuesday in connection with the recent tragic stampede that occurred during a Christmas funfair at Islamic High School, Bashorun, Ibadan.

The incident, which claimed the lives of 35 children and injured six others, has drawn widespread public and legal attention.

Presiding over the case, Chief Magistrate Olabisi Ogunkanmi issued the remand order following charges brought against the defendants. The police prosecutor stated that their alleged offences contravened Section 324 of the Criminal Code, Cap. 38, Vol. II, Laws of Oyo State, 2000.

READ MORE: States Tighten Measures To Prevent Stampedes At Events

The prosecution accused the defendants of being involved in the organization of the event, which turned disastrous, leading to the stampede. Pending legal advice from the Oyo State Director of Public Prosecutions, the court directed their detention at the correctional facility.

The court session, held amidst heavy security, attracted significant public interest. Law enforcement officers were seen providing tight security as the suspects were escorted to and from the courtroom.

Further updates on the legal proceedings are expected as investigations continue.

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Labour Kicks Against N935/Litre Petrol, Wants More

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A cry has gone out for further reduction of the pump prices of premium motor spirit (PMS) in Nigeria to reflect local domestic production of refined products.

The Nigeria Labour Congress (NLC)has urged further reduction in the pump price of Premium Motor Spirit (PMS) otherwise known as petrol, insisting that the recent drop in price to N935/litre was begging the situation.

Recall that the Dangote Petroleum Refinery in partnership with MRS recently announced a reduction in petrol price to N935/litre.

Before the announcement, the commodity sold for over N1,030/litre in Lagos and environs, while it cost more than N1,060/litre in Abuja and Northern states.

ALSO READ: CSOs Urge Further Reduction Of Pump Prices Of Petrol

In a swift reaction, on Sunday, the Independent Petroleum Marketers Association of Nigeria (IPMAN) said its members would be selling petrol at N935/litre from Monday based on the latest arrangement with the Dangote Petroleum Refinery.

IPMAN’s National President, Maigandi Garima,, according The Punch, said the reduction in Dangote refinery’s ex-depot price for petrol and the uniform arrangement being put in place, would enable marketers to sell at N935 in their outlets nationwide.

They had set aside N36/litre as cost of logistics.

However, the announcement did not excite the NLC, which insisted on Monday that the cost of petrol should drop further.

A senior official of the NLC, Chris Onyeka, unequivocally rejected any commendation for the Federal Government and the Nigerian National Petroleum Company Limited (NNPC Ltd) over the recent reduction in the pump price of petrol.

He argued that the current pricing mechanism does not reflect the true cost of the commodity, according to The Punch.

“Do you want us to clap for them? How can we be okay with a price of N935/litre of PMS? This is not the right price for PMS. You cannot base the price on imported products when we have refining capacity in Nigeria,” he said.

He argued that the costs embedded in the current pricing framework — including foreign labour, freight charges, insurance, logistics, and profits accrued abroad — unfairly burden Nigerians.

“Products are refined in Nigeria, yet the price you give Nigerians is based on imported products. Why should we applaud that? It is akin to someone stealing your money and returning only part of it, then expecting you to clap. We cannot applaud this,” he stated.

Onyeka stressed that the only way to ascertain the correct price of PMS is by determining the actual cost of refining it domestically.

“We need to know how much it costs the NNPC to refine a litre of PMS in our local refineries, such as the Port Harcourt refinery. That is the price Nigerians should be paying,” he emphasised.

He called on the government to prioritise the welfare of Nigerians by ensuring that fuel pricing aligns with local realities.

“This country belongs to all Nigerians. Let the government do the right thing that allows Nigerians to breathe. Let the poor breathe.

“The NLC’s position underscores growing discontent among Nigerians over the rising cost of living, with fuel prices being a major contributor to inflation and economic hardship,” he stated.

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No Regrets On Subsidy Removal, Tax Reforms To Continue – Tinubu

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President Bola Tinubu, during his first Presidential Media Chat aired on the Nigerian Television Authority on Monday, reaffirmed his administration’s commitment to the ongoing tax reforms and subsidy removal, maintaining that the measures are essential to securing Nigeria’s economic future.

The tax reforms, designed to eliminate colonial-era practices and widen the tax net, have faced significant resistance from some quarters, particularly from northern lawmakers and governors. Despite this, Tinubu declared, “Tax reform is here to stay. We cannot just continue to do what we were doing yesteryears in today’s economy.”

The reforms, encapsulated in four bills transmitted to the National Assembly, aim to streamline taxation and revenue generation.

However, critics, including Borno State Governor, Babagana Zulum, have argued for caution. “The Petroleum Industry Bill took almost 20 years before it was finally passed. This tax reform bill is being transmitted and receiving legislative attention within a week. It should be treated carefully and with caution,” Zulum said in an interview with BBC.

Despite calls for broader consultations and delays, Tinubu emphasized the pro-poor nature of the reforms, noting that the vulnerable would not be taxed. “The essence of the tax reform is to eliminate colonial-based assumptions in our tax environment,” he stated.

READ MORE: President Tinubu Set For First Nationwide Media Chat Tonight

No Regrets Over Subsidy Removal

Addressing the economic hardship resulting from the removal of the petrol subsidy, Tinubu defended his decision as necessary to prevent Nigeria from “spending its future.” He dismissed the notion of a phased removal, stating, “Phased removal is part of unnecessary fear. No matter how you cut it, you still have to meet the bills.”

The President highlighted the benefits of subsidy removal, pointing out that the policy had curtailed smuggling and freed up resources for more productive uses. “There is no way that you give out fuel and allow all the neighbouring countries as Father Christmas. I don’t have any regret whatsoever in removing the subsidy,” he said.

Tackling Inflation and Corruption

Tinubu also discussed his administration’s strategies to reduce inflation, emphasizing local production and import reduction. “If one produces more for consumption locally, stop imports, give a reasonable level of funding and assistance… we have what it takes,” he explained.

On corruption, the President cited increased earnings for workers and stricter oversight by anti-corruption agencies as key measures. He pointed to the recent seizure of hundreds of properties reportedly owned by a former Central Bank Governor as evidence of his administration’s efforts. “Part of the anti-corruption is removal of subsidy. It is very difficult to eliminate but you reduce it to the barest minimum,” Tinubu stated.

Food Stampedes and Governance

The President expressed condolences over recent tragic stampedes during food distribution events, attributing the incidents to poor organization by event planners. “If you don’t have enough to give, don’t attempt to give or publicize it,” he warned.

Tinubu concluded by reaffirming his commitment to efficient governance and economic reforms, stating, “The hallmark of a good leader is the ability to do what you have to do at the time it has to be done.”

The reforms continue to spark nationwide debates, with stakeholders divided over their potential long-term impacts.

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