Headlines
ICPC Probes Completed, Unoccupied Housing Estates in Abuja, Lagos, Port Harcourt
The Independent Corrupt Practices and Other Related Offences Commission (ICPC), on Monday, revealed that it had commenced investigation into completed but unoccupied housing estates in Abuja, Lagos, and Port Harcourt, suspected to be conduits for money laundering.
ICPC also accused members of the Real Estate Developers Association of Nigeria (REDAN) of failure to pay counterpart funding for loans obtained from the Federal Mortgage Bank of Nigeria (FMBN) to deliver infrastructure for mass housing projects, where members, instead, sold the plots to the highest bidder.
Speaking at the 13th Annual General Meeting (AGM) and Conference of the Association held in Enugu, Chairman of the ICPC, Professor Bolaji Owasanoye, expressed regrets that some members of REDAN were engaged by unscrupulous individuals and politically exposed persons (PEPs) to launder their ill-gotten wealth. Owasanoye said this had led to the labelling and perception of honest and patriotic members of the association as corrupt.
He disclosed that the commission was currently investigating cases of fully completed but unoccupied estates in Abuja, in order to identify developers serving as conduit for money laundering and illicit financial flows (IFFs).
The ICPC chairman stated that the commission intended to cover other major housing hubs in the country, especially Lagos and Port Harcourt.
A statement by ICPC said while urging REDAN to support the law enforcement agencies in their investigations, Owasanoye advised the association to intensify its compliance monitoring of members in the areas of unwholesome practices, such as low quality housing deliveries and shady financial practices.
The statement quoted the ICPC chairman as saying, “The commission conducted a system study and review of mass housing delivery in the FCT, where it was discovered that members of REDAN who had been allocated huge plots of land for mass housing development in Nigeria through the FMBN, with particular responsibility to provide infrastructure after which allocations are made to the National Housing Fund (NHF) contributors, failed in the payment of their counterpart funding and in the delivery of infrastructure to the project sites and, rather, resorted to offering and selling the estate plots to the highest bidder, contrary to the government policy.”
He counselled the leadership of REDAN to self-regulate its members as part of measures to prevent being used for money laundering and IFFs.
Owasanoye, who was represented by the commission’s Director of Asset Tracing, Recovery and Management, Mr. Adedayo Kayode, urged the leadership of REDAN to introduce the Know-Your-Customer (KYC) principles to its clients to avoid serving as conduit for money launderers and IFFs offenders.
He stated, “It is my position that self-regulation is a way out of this quagmire for the association. REDAN should consciously draw up programmers to build capacity of its members on modern trends in construction and also hold its members to the highest level of ethical standards.
“The association should introduce and enforce high ethical standards for its members, especially, to ensure their processes are not used for money laundering. In this regard, the association may introduce KYC principles.”
The ICPC boss stated that the theme of the AGM, “Enhancing the Real Estate Sector through Effective Regulation and Collaborations,” was in line with the commission’s mandate of partnership and collaboration with relevant institutions towards building a mass mobilisation vanguard in the curbing of corruption and IFFs within the system and the country, generally.
Agriculture
Borno establishes Ministry of Livestock, Fishery Development
The Borno Government has announced the creation of Ministry of Livestock and Fishery Development to align its
Development strategy with Federal Government initiatives, and boost the state’s economic potential.
Gov. Babagana Zulum made the announcement on Tuesday during the swearing in of two commissioners at the council chambers of the Government House.
Zulum underscored the importance of livestock and fisheries as vital sectors with untapped revenue potential.
He emphasised that the new ministry would focus on high-yield livestock breeds, milk production and fisheries, targeting both domestic consumption and export opportunities.
The governor said that “no state government can make substantial money in livestock alone, but we believe with the right investment and political will, the sector can generate significant revenue.”
He said that the growing demand for milk by yogurt companies and the proximity of Maiduguri to Asian and Arab markets, are great opportunities for dairy exportation.
The governor, therefore, assigned the Deputy Governor, Dr Umar Kadafur, to oversee the activities of the new ministry, citing his practical experience and passion for livestock development.
He said “livestock development is not just about academic qualifications, it is about practice and the deputy governor has demonstrated capability in that regard.”
According to him, the ministry will prioritise procuring high-yielding livestock varieties, enhancing milk production and creating sustainable rural projects to support
Local communities.
He said that projects in Mafa, Gajiram and in Southern Borno will soon be launched under the new ministry’s purview.
The governor urged civil servants and ministry personnel to take ownership of the new initiative, adding that the ministry’s success would contribute to the states
Long-term economic stability and self-reliance.
Headlines
British High Commissioner seeks military, civilian efforts in tackling insecurity
The British High Commissioner to Nigeria, Mr Richard Montgomery, has called for the combination of military and civilian efforts in tackling the complexity of security challenges in Nigeria and globally.
Montgomery made the call at a two-day Security and Justice Symposium organised by the Office of the National Security Adviser (ONSA) in Collaboration with the British High Commission, on Tuesday in Abuja.
He commended the efforts of the Nigerian military in promoting civil-military collaboration and adoption of kinetic and non-kinetic action in addressing the menace of terrorism and insurgency in the country.
“At the heart of all this is recognition of the importance of upholding the rule of law, human rights, humanitarian law and international humanitarian law.
“We need to consider the different legal principles and frameworks that apply to criminal violence or to violent conflicts and how we deal with them in protracted conflict zones.
“We had a legal frameworks roundtable with the Nigerian military officers earlier this year, and a really good debate about how we adapt to different situations.
“I am hoping today we will help progress that dialogue on which Nigerian legal frameworks are appropriate in which circumstances,’’ he said.
Montgomery highlighted the positive and open relationship between the UK and Nigeria, noting that both countries were learning from each other’s experiences in tackling security challenges.
He expressed his appreciation for the opportunity to continue this productive dialogue and hoped that the symposium would result in actionable insights and further strengthen the partnership.
Headlines
Zulum swears in 2 new commissioners
Gov. Babagana Zulum of Borno on Tuesday presided over the swearing-in of two new commissioners to replace those who died while in active service.
The State Chief Judge, Justice Kashim Zannah, administered the oath of office at the ceremony held at the Government House in Maiduguri.
The new commissioners are Muhammad Lawan-Dalorima for the Ministry of Finance and Isa Haladu for the Ministry of Reconstruction, Resettlement and Rehabilitation (RRR).
In his speech, Zulum expressed gratitude to the Borno House of Assembly for their prompt scrutiny and confirmation of the nominees.
He urged the commissioners to uphold the principles of integrity, transparency, and accountability in their new roles, while emphasising the administration’s strategy of periodically rotating commissioners to different ministries to promote fresh ideas and effective governance.
“You have been chosen for your exceptional qualities and expertise. I have no doubt you will make valuable contributions to our administration,” he said.
The governor also paid tribute to the late commissioners who previously held the portfolios, reflecting on their contributions to the development of the state.
Responding on behalf of the commissioners, Haladu thanked the governor for finding them worthy of the appointment, and promised him of diligent service delivery.
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