Politics
Osun Retrieves Vehicle From Ex-Amotekun Commander; Reiterates Commitment To Asset Recovery
The Osun State’s Asset Recovery Committee has swung into action, retrieving state’s assets illegally being held by top officials of previous administrations.
This was revealed in a government statement in Osogbo on Tuesday, obtained by Biztellers.
The Committee, under the Secretary to the State Government, Hon Teslim Igbalaye started field operations on Monday, after compliance with required due process as required by law and in keeping with its mandate.
Recall that on Wednesday, February 14, 2024, the Osun State government inaugurated a special Asset Recovery Task Force to reclaim government project vehicles and other assets still in the custody of officials of previous administrations.
The initiative followed the release of a white paper from the Asset Recovery Committee, which was established by Governor Ademola Adeleke through an executive order on November 27, 2022, the day of his inauguration.
The task force was mandated to “ensure immediate recovery” of the assets.
During the inauguration, Head of Service, Ayanleye Aina who represented Go Adeleke emphasised the committee’s role in implementing the asset recovery report and retrieving the assets taken by officials of the previous administration.
Consequently, on Tuesday, March 5, 2024, Hon. Teslim Igbalaye held a press conference in Osogbo where he reaffirmed the government’s commitment to recovering properties believed to have been misappropriated by political appointees of the former Adegboyega Oyetola administration.
Igbalaye stressed that the Asset Recovery Task Force was not intended to target individuals but to recover all misappropriated assets.
He explained that the Task Force was scrutinizing which vehicles and assets were lawfully taken and which were not.
According to Igbalaye, under the previous administration, political appointees could retain their official vehicles if they had served at least two years, paid a specified amount to the government, and if the vehicle was less than four years old, paid 10% of its residual value.
However, the Task Force determined that while the previous Executive Governor’s approvals for vehicle releases followed due process, a letter from the former Head of Service allowing political appointees to keep their vehicles was deemed illegal.
Igbalaye dismissed claims from the Osun All Progressives Congress (APC) that the asset recovery efforts were vindictive, asserting that all government assets and vehicles not legally retained by the previous administration’s officials must be recovered.
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In an effort to carry out its mandate, the task force paid a visit to the residence of the immediate past Osun Amotekun Field Commander, Comrade Amitolu Shittu in the early hours of Monday, 29th July, 2024, recovering one out of three vehicles illegally possessed by him.
The statement asserted that “the operation conducted at Amitolu’s residence was a lawful and necessary measure to retrieve vehicles and assets unlawfully retained by him from his tenure as the Osun Amotekun Field Commander.”
During his term, Amitolu was known to have illegally possessed several vehicles that belonged to the government, which had not been returned despite repeated requests.
It was gathered that “the operation was conducted in accordance with legal protocols and was intended to recover these assets for the benefit of the state. The involvement of the Osun Security Joint Task Force (JTF) and Amotekun Corps was part of a coordinated effort to ensure the recovery process was handled efficiently and securely”.
It described Amitolu’s claim of the exercise being a violation of privacy and an act of political persecution as a smokescreen to divert attention from his own legal and ethical breaches.
His assertions that the operation was a premeditated attempt to silence him are baseless and reflect his attempt to politicise a straightforward asset recovery process, it added.
The statement also pointed out that “the vehicles in question were clearly documented as state property, and there is substantial evidence to support their recovery. Amitolu’s challenge to provide documents and his threat to seek legal redress are attempts to obfuscate the clear facts and delay justice.”
The government’s actions were fully justified, and the call for scrutiny by security agencies should be directed towards ensuring transparency in all operations, including those involving Amitolu’s activities.
This recovery effort is part of a broader commitment to accountability and good governance, which the state administration remains dedicated to upholding.
In an effort to reduce Nigeria’s debt burden and stabilize the economy, President Bola Tinubu announced on Monday that the country’s debt service-to-revenue ratio has fallen from 97 to 65 percent over the 17 months since he took office.
Speaking at the swearing-in ceremony for seven new ministers at the State House, Abuja, Tinubu emphasized the government’s progress in stabilizing the economy despite challenging conditions.
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“For us, it was a challenge when the nation was servicing its debt with 97 percent of its revenue. It was nothing but the edge of the cliff,” Tinubu said.
“But today, I can report to you that we have brought that down to 65 percent, and we have never defaulted in meeting all obligations, both foreign and domestic.”
His remarks follow Afreximbank’s recent projection that Nigeria’s debt service-to-revenue ratio could reach 110.4 percent by 2024.
Afreximbank’s 2024 Nigeria Country Brief warned of a troubling upward trend in debt servicing, which could see the ratio surge from 33.8 percent in 2017 to a projected 110.4 percent next year.
However, with continued reforms, the report suggested the ratio might decline to 62.6 percent by 2025.
In the first nine months of 2023, debt servicing consumed 66.9 percent (₦5.79 trillion) of Nigeria’s total revenue, a slight improvement from 99.3 percent (₦4.23 trillion) during the same period in 2022.
Tinubu, while optimistic about economic recovery, acknowledged the ongoing struggles faced by Nigerians due to a sharp increase in the cost of living triggered by recent economic reforms.
“We have taken the bull by the horns,” the President asserted. “We have stopped the scavengers. We will fully put an end to the profiteers and smugglers of our resources across the country. We are not shirking our responsibility; we are confronting it head-on.”
He further expressed confidence that Nigeria was on a “good path” toward recovery, emphasizing that the government remains committed to re-engineering the economy.
He cited the introduction of a new minimum wage as one measure aimed at mitigating rising living costs.
Monday’s ceremony also saw the swearing-in of seven new ministers, part of a recent cabinet reshuffle.
In two batches, ministers including Idi Maiha (Livestock Development) and Dr Jumoke Oduwole (Industry, Trade, and Investment) took their oaths.
The reshuffle, which saw 10 ministers reassigned, five discharged, and seven new appointments confirmed by the Senate, reflects Tinubu’s stated commitment to reshaping his cabinet to meet Nigeria’s evolving challenges.
As the administration continues to implement reforms, President Tinubu emphasized a long-term vision for economic sustainability, not only for the current generation but also for future ones.
“Despite the challenges, we must undertake the job of re-engineering and retooling this country’s economic path,” he said.
A Federal High Court in Abuja has mandated that Godwins Omobayo, the Deputy Governor of Edo State, appear in person on November 26, 2024, following allegations of contempt of court stemming from his failure to comply with a previous ruling.
Justice James Omotosho issued the order on Monday, asserting that Omobayo, described as the alleged contemnor, must be afforded a fair hearing in accordance with Section 36 of the 1999 Constitution (as amended).
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The court action was initiated by Philip Shaibu, who was reinstated as Deputy Governor after the court invalidated his impeachment by the Edo State House of Assembly on July 17.
Justice Omotosho ruled that the impeachment proceedings lacked due process and that the grounds for Shaibu’s removal did not constitute gross misconduct.
Shaibu’s suit targets several parties, including the Inspector-General of Police and the Edo State House of Assembly, seeking enforcement of the court’s judgment and demanding that Omobayo vacate the deputy governorship position.
Omobayo assumed office on April 8, following Shaibu’s impeachment.
During the court proceedings, it was revealed that Omobayo was served legal documents but failed to appear.
In response, Shaibu’s attorney, Ayotunde Ogunleye, SAN, urged the court to compel Omobayo’s attendance, citing the need to uphold judicial authority.
In delivering his ruling, Justice Omotosho adjourned the case until November 26 for further proceedings.
He directed that hearing notices be served to the 1st, 2nd, 3rd, and 5th defendants involved in the charge.
“In the interest of justice and to provide the alleged contemnor with an opportunity to defend himself and receive a fair hearing, in accordance with Section 36 of the 1999 Constitution (as amended), I hereby order that the alleged contemnor appear in court in person on November 26, 2024,” the judge stated.
It is noteworthy that the current tenure of the state government is set to conclude on November 12.
On the heels of the salvo fired by the presidential candidate of the Peoples Democratic Party (PDP) in Nigeria’s 2023 elections, Atiku Abubakar, signalling what might be a long-drawn hot exchange of words, the Presidency has made what it called ‘our initial response to Alhaji Atiku Abubakar’.
This was contained in a statement put out on micro-blogging site, X, Sunday by the Special Adviser to the President (Information and Strategy), Bayo Onanuga.
The former vice president had detailed the shortcomings of the President Bola Ahmed Tinubu administration, making efforts to detail what he would have done differently, that would have better results for Nigeria.
In a swift response, the Presidency countered that Atiku and his ideas “were rejected by Nigerians in the 2023 poll”, based on his antecedents.
The statement reads, “OUR INITIAL RESPONSE TO ALHAJI ATIKU ABUBAKAR
“We have just read a statement credited to former vice president Alhaji Atiku Abubakar, in which he tried to discredit President Bola Tinubu’s economic reform programmes while pushing his untested agenda as a better alternative.
“First, Alhaji Atiku’s ideas, which lacked details, were rejected by Nigerians in the 2023 poll.
“If he had won the election, we believe he would have plunged Nigeria into a worse situation or run a regime of cronyism.
“Abubakar lost the election partly because he vowed to sell the NNPC and other assets to his friends. Nigerians have not forgotten this, nor would they be comforted by Atiku’s antecedents when he ran the economy in the first term of President Olusegun Obasanjo’s government between 1999 and 2003.
“As vice president, Atiku supervised a questionable privatisation programme. He and his boss demonstrated a lack of faith in our educational system, and both went to establish their universities while they allowed ours to flounder.
“Talk is cheap. It is easy to pontificate and deride a rival’s programmes even when there are irrefutable indices that the economic reforms yield positives despite the temporary difficulties.
“Despite the futile attempt to hoodwink Nigerians again in his statement, it is gratifying that the former Vice President could not repudiate the economic reforms pursued by the Tinubu administration because they are the right things to do.
“His advocacy for a gradualist approach only showed that he was not in tune with the enormity of problems inherited by President Tinubu.
“It is so easy to paint a flowery to-do list. It is expected of an election loser.
“President Tinubu met a country facing several grave challenges. Fuel subsidies were siphoning away enormous resources we could ill afford, and there was criminal arbitrage in the forex market.
“No leader worth his name will allow these two economic disorders to persist without moving to end them surgically.
“While advocating for gradual reforms may sound appealing, Tinubu took measures that should have been taken decades ago by Alhaji Abubakar and his boss when they had the opportunity.
“Alhaji Abubakar calls for empathy and a human face to reforms. We have no problem with this as it resonates well with our administration’s focus. President Tinubu has consistently emphasised the need for compassion and protection of the most vulnerable.
“The administration has prioritised social safety nets and targeted support for those affected by recent economic transitions.”
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