Connect with us

Featured

Court Orders Nigeria’s Central Bank to Unfreeze #ENDSARS Protesters Accounts

Published

on

A Nigerian Federal High court has ordered the country’s apex bank, the Central Bank of Nigeria to unfreeze the accounts of 20 #ENDSARS protesters.

Ahmed Mohammed, the presiding judge ordered that the bank accounts be unfrozen as he set aside a previous judgement which had ordered the freezing of the accounts. The order was premised on an agreement between the legal teams of the CBN and the defendants to put the case to a halt and settle amicably.

“All processes filed seemed to have been withdrawn in the spirit of reconciliation. The suit is hereby struck out,” the judge said.

“The order of November 4, 2020, freezing the accounts of the respondents is hereby set aside.

“An order is made de-freezing the accounts of the respondents immediately.”

The CBN had secured a previous order to freeze the accounts of some individuals who played active roles during the protest.

The time for the freezing of the accounts had since elapsed on Tuesday, amid consistent criticisms from the populace.

A good number of the frozen accounts are in Access Bank with Nigerians calling the bank out for colluding with authorities in meting out “injustice” against the protesters.

More than two weeks of protests in October 2020 saw Nigerian youths troop out to the streets to express their dissatisfaction against Police brutality.

The 20th of October, which has remained a watershed moment in the history of the country saw the alleged killing of tens of innocent youths by Nigeria’s security officers.

Join our newsletter


Continue Reading
Click to comment

Leave a Reply

Business News

Review: Selling Assets to Fund the National Budget is Irresponsible – Tunji Andrews

These assets are crucial to Nigeria but it’s not compulsory that they are owned by FG. Therefore, we could concession them to private hands, not sell them!

Published

on

The Nigerian government is proposing to sell or concession about 36 properties to raise funds to finance the 2021 budget. These properties cut across the energy, industry, communication and infrastructure sectors and are expected to be sold between January 2021 and November 2022.

Tunji Andrews, founder, Awabah Nigeria, thinks these assets are crucial to Nigeria but it’s not compulsory that they are owned by the Federal Government. Therefore, we could concession them to private hands.

But I don’t think we should sell assets to fund budgets. If we sell assets to fund the 2021 budget, what will we sell to fund the 2022 budget? The general problem is the government is DETERMINED not to cut down expenses.

“It’s very clear that if you have shrinking revenue, you should trim down expenses. But the government wants to spend within a reduced revenue. The fact is that we are not making enough money but borrowing or selling off assets is typical of an irresponsible father who has acquired a lot of properties over the years and now that he’s old, he wants to sell them off so he can continue to party and live largely”, Tunji added.

Our legacy and history as a people are as important as funding a budget, it’s worrisome that the government doesn’t see it that way.

Tunji concluded on the issue of government selling crucial national propoerties to fund the 2021 budget.

Join our newsletter


Continue Reading

Featured

Nigerian Military Aircraft Crashes In Abuja

Published

on

A Nigerian military aircraft has crashed in Abuja, Minister of Aviation, Hadi Sirika revealed on Sunday.

Sirika in a tweet said the aircraft, a King Air 350 crashed at the Abuja runway, enroute Minna, after an engine failure.

He said the crash appears fatal with lives possibly lost in it but called for calm as the military investigates the number of casualties from the incident.

It is yet another military air crash with a few cases of such accidents recorded in the last three years.

Join our newsletter


Continue Reading

African development

“Nigeria Wouldn’t Have Gone Into Recession If Okonjo-Iweala Was Still Finance Minister” – Tunji Andrews

Dr. Ngozi would likely push for a lot of trade that would spur job creation and development in some of the most vulnerable parts of the world as well as create some sort of liberation for some of the poorest countries.

Published

on

The first woman and first African to become the Director-General of the World Trade Organisation has a track record of taking on seemingly intractable problems. Dr. Ngozi Okonjo-Iweala has said that she can be a ‘clear set of eyes’ for the global trade body.

Asides from reforming trade rules and counter protectionism heightened by COVID-19, her new responsibility would have her broker international trade talks in the face of persistent U.S.-China conflict. Financial expert and founder of Awabah, Tunji Andrews joined us on Breakfast Central to discuss Dr. Ngozi’s work experience in relation to her new position.

Andrews pointed out that jobs that have to do with linking communities or societies are more about the pedigree of the person holding the office. “She comes from a very long pedigree line and has a vast reach, therefore the position cannot be too difficult since she has experts under her. Her main job is bringing these superpowers together.”

“When she was the Co-ordinating Minister of the economy, she did so well that her exit left a vacuum. If she was there, it is unlikely that Nigeria would have fallen into a recession”, he added.

The financial expert also thinks Dr. Ngozi, being a big mackerel person, would push for a lot of trade that would spur job creation and development in some of the most vulnerable parts of the world as well as create some sort of liberation for some of the poorest countries. In his words, “it is one thing to say that Nigeria is suffering and another thing to know exactly what Nigeria needs to get out of hardship. It is important to have someone who has a unique understanding of the pinpoints of the people.”

In establishing the approach to her job delivery, Tunji Andrews suggested that the first point of call would be trying to help the EU and UK smoothen their trade conversations with BREXIT. Also, her job is to try to smoothen the relationship between China and the US. Around Africa, she has a hard nut to crack as regards free trade.

In conclusion, Andrews indicated trust in Ngozi Okonjo-Iweala’s ability to do the job of WTO DG excellently. “Relationship is most important when it comes to world conversations and I believe this is what she’s bringing to the table, it’s just unfortunate that Nigeria did not observe it about her in good time.”

Join our newsletter


Continue Reading

Trending