Headline
Swiss Govt. Justifies Non-release of $321m Abacha loot
The Swis government has explained why the repatriation of the $321m looted by late Gen. Sani Abacha may not be done anytime soon.
It said the World Bank would have to finalise the projects to be executed with the money by the Federal Government.
According to a source, the Deputy Head of Mission, Swiss embassy in Nigeria, Daniel Cavegn, said this while responding to an emai inquiries about the time frame for the repatriation of the money.
He said, “Once the monitoring of the World Bank for the projects chosen by the Federal Government is finalised, we will proceed to a bilateral agreement for the restitution, which is the legal basis for the transfer of the money.
“The Swiss forfeiture order provides for a return of $321m to Nigeria and foresees a monitoring of the use of the funds by the World Bank.
“From the Swiss side, we are committed to begin the restitution of the money to Nigeria as soon as possible; we will proceed to a bilateral agreement for the restitution, which is the legal basis for the transfer of the money.
“It is difficult to currently give a time frame for the start of the restitution as the finalisation of the proceedings will still need time.”
“This letter of intent confirms that the use of the funds will be monitored by the World Bank as foreseen in the forfeiture order issued by the Public Prosecutor of the Canton of Geneva,” the Swiss official stated.
Cavegn noted that the FG had submitted a series of possible projects for which the money repatriated could be used, adding that his country was waiting for details of the proposed projects.
“We are awaiting more details regarding the proposed projects and, in particular, how the monitoring of the World Bank would be assured,” he said.
COLUMNISTS
Spectrum: Election, A New Beginning
Anikulapo Macmillan
Nationwide, we have seen motley crowds, when politicians throw hypocritical words to each other. Indeed it is still interesting when, political parties, begin to impose threat on each other on who will win the poll. So, everything is diffident, here; as we fail to understand that politics is surprisingly a practical. Even George Orwell, in his 1984, novel described a political system that is related to ours; because we fail to understand the truth than the prejudice.
With the reactions, I have seen from the APC and the PDP, I then wonder what is their different. What has made them the choice of an average Nigerian? Is it that they are telling us the truth or what American essayist, Ralph Waldo Emerson identified as ‘’ words are signs of natural facts’’
They wear different colognes but they are still the same people. Their conveyances to mega rallies in the country have shown vividness to win with all sorts of tantrums. However, it was on the rostrum, when one of the presidential candidates was saying gibberish. Well, they all say what is vouchsafing from the monies they have given the crowds at the rallies. It is in Nigeria that I have seen politicians promising what can’t be done in four years. Though, it is politics.
The election is bringing different promising and un-futuristic agenda. During the 2015, we were of the drama, and such drama is still being played now like a classic novel title: Great Expectation. Our vote was crammed. Election should be based on maturity but we fail to keep the tenacity up right. We fail to vote for our credence. Unfortunately, as I saw one of the PDP rallies, I began to mock myself, that Nigerians are gullible— aptly, what came from me was this: ‘’ therefore, we become a dunce, to the lies of a party that has failed for 16 years’’ frankly, what was the achievement of the PDP?
Even the APC, is a party that has turned his rallies, to an avenue to forgive those who are backlists to become saint. The APC, in one of its rallies, the party chairman, had spoken in a croak voice, that anybody that joins the party will be forgiven. Hence, this kind of political crumpet should make Nigerians to vote for their choice.
As the 2019 election comes, Nigerians want a society where they can identify problems without a cumbersome lie then we need to vote wisely. The vestry of anguish in this society has made us to become cupidity; and for this, we have sold our vote for lies.
So, vote with woe. Take yourself with passion. To listen to the presiding officer or any of the assistant presiding officers to check your name from the voter register and listen to instructions. These are the voices we need to create that can make our vote count. Politics in this era is for you and I, to benefit what we are born to enjoy. We just need to grow; out plough, or faceless taut.
Election is for you to grow a seed of your pain in someone’s heart; maybe by wish or paucity. Meanwhile, let vote for our own future in a positive way. As I do think that we know that Buhari and Atiku are failures to our economy. One is sluggish and one is corrupt. This further bear me in mind, that we have not noticed that; our inequalities are possessed with debauchery.
Spokesman, El Rufai
He is a governor, but, last week, he acted in a new dimension to his profile. For instance, his scurrilous statement is prowess to this administration. He has definitely become a griot of politics. It is a kind of character in the novel of American novelist, Robert Penn Warren. Thus, what he said is presumably, the factor of our politics when political parties run for intervention with foreign envoys.
So, the presidency has seen the opposition parties to lobbying for help. I saw Kaduna state governor political temerity on a live programme that was aired on the Nigeria Television Authority, (NTA) and hear him: ‘’those that are calling for anyone to come and intervene in Nigeria, we are waiting for the person to come and intervene. They would go back in body bags because nobody would come to Nigeria and tell us how to run our country”
In 2015, Nigerians should recall that the APC had a rigorous meeting with the US and nobody knew maybe the American government helped in that election that brought Buhari to rule—with what, I would call a draconian rule, because since, he emerged the government has monopolised the institutions to work in its philosophy.
Well, as for me, I do not see anything wrong from what El-Rufai said. Since we all know that political parties are finding ways to win this forthcoming election that is dice. It is an election that we redefine the profligacy and mendacity of the country.
And, El Rufai’s statement is that Nigeria does not need any foreign intervention in her election. Indeed, we should hide above all sentiment, what he said, is not a political talk, but a reality. That it is bad for Nigerian politicians to seek foreign help when it comes to politics.
Yet, we have forgotten that Nigeria is a sovereign state that controls her own territory without external force or comment. Despite, the fact that El-Rufai and his party members are scared of an imminent defeat— however, that does not mean, Kaduna governor is corrigible; to what he had said.
We should know that, election in this part of our own claims, is filled of hocus-pocus. It is a system of lies and all sorts of espousal that is wrong to how democracy ought to be practiced. Therefore, whenever, I read story, that identifies Nigeria politics to be shamble, I laugh. Not that I laugh because of this irascibility of our political ideology, but because we don’t know how to practice politics that is beneficial to the populace.
That means that our so called politicians have forgotten that election will come and go, and the citizenry will stay to understand their tenacity. Not those kinds of politicians that come to rallies and begin to disparage themselves. Fine, it is sacrosanct here. But, El-Rufai’s statement is a warning to foreigners since our political parties have seen succour in interference.
Though, a society that is intervening with foreign envoy, such society will be in disarray. The society will be left with anguish and blames. Even those wounds will continue to linger forever. If Atiku or Buhari are the men to vote for then; their associate, need to understand that El-Rufai has spoken what supposes to be said in this political tension we are in.
We need to know election in this country is not a do or die affair. Politicians are acting like politicians but we citizens need to act like citizens because a politician is fighting for his/her own interest. They are fighting for impunity and hubris. Like what a British essayist wrote in one of his essay. And I deeply apologise for not remembering the title of the essay. But the lines go as follow: ‘’nobody is deterring to make choice than the populace who know how to determine their future without a magic wand of lies’’
We need to vote for our conscience not for a thousand naira that will be given to us by party agents at the polling station. We need to perform our civic responsibility as Nigerians not as cowards who do not know the true benefit of democracy. Are we enjoying the dividend of democracy in Nigerian? If you know the answer then vote for who you think won’t make you and your children not to be remorseful in the next four years. A stitch in time says nine. A future we want is for us to fight for a new society.
@Babatunde_Mac
+2348076926109
Headline
President Buhari Needs Four More Years to Finish his Task….Garba
Banking
FirstBank Partners Azuri to Provide Solar Services and Deepen Financial Inclusion in Nigeria
By: Segun Lawal
First Bank of Nigeria Limited is out with a new service to make banking a continuallyrewarding experience for its customers. The bank has entered into as partnership with leading pay-as-you-go solar technology outfit, Azuri Technologies, in a unique partnership that will help deepen financial inclusion in Nigeria while making reliable and clean power to millions of Nigerians affordable.
Azuri’s solar home TV product will be co-branded under the partnership and co-marketed by FirstBank and Azuri. Pay-as-you-go customers will be able to pay for their solar via FirstBank’s Firstmonie agent network and mobile payment solution. Firstmonie agents are positioned within rural and semi-urban locations across the country and provide basic financial services such as account opening, cash deposit, cash withdrawals and bills payment More than 60 million of Nigeria’s roughly 200 million people do not have bank accounts and as little as 6% of people have a mobile money account. (World Bank figures 2018).
Speaking on the partnership, Azuri CEO Simon Bransfield-Garth and FirstBank CEO Adesola Adeduntan stated the partnership was a positive step in providing much needed energy and enabling access to financial services in rural, low-income areas.
“This partnership combines the reach of FirstBank with Azuri’s technology and pay-as-you-go solar expertise to bring next generation power to off-grid consumers in Nigeria” said Azuri CEO, Simon Bransfield-Garth.
“Azuri and FirstBank share the vision of a level playing field where all consumers have the ability to benefit from modern financial and digital services, regardless of where they live and this agreement is another step in making that vision a reality.”
According to FirstBank CEO, Adesola Adeduntan, “Financial inclusion is a priority with FirstBank and we are excited that with this partnership, our customers are able to access a wide range of services that address real problems such as access to power. With our over 16,000 Firstmonie Agents spread across the length and breadth of Nigeria, our customers are at an advantage in enjoying seamless financial services from the Bank that puts them first.”
From solar home lighting to solar satellite TV, Azuri systems are designed to deliver world class performance at an affordable price for all customers that experience irregular power supply. Customers make small weekly or monthly payments to unlock their system and power.
Pay-as-you-go solar is transforming lives by providing energy for lighting, phones and TVs while helping boost local economies with new employment opportunities and connecting off-grid households to financial and digital services that are helping improve productivity and increase income.
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