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NANS passes vote of confidence in PenCom DG, Aisha Dahir-Umar

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The National Association of Nigerian Students (NANS) has passed a vote of confidence in Aisha Dahir-Umar, the director-general and chief executive officer of the National Pension Commission (PenCom).

The National Association of Nigerian Students (NANS) has passed a vote of confidence in Aisha Dahir-Umar, the director-general and chief executive officer of the National Pension Commission (PenCom).

Speaking at a press conference on Wednesday, the NANS Senate President, Attah Felix Nnalue, admitted that the union’s recent Freedom of Information (FOI) letter on the alleged annual expenditure of N14 billion on personnel costs was not only misleading but wasn’t backed by any fact.

The union had threatened to stage daily mass protests against PenCom should the pension regulator fail to furnish it with the details demanded in the FOI.

However, Nnalue, said that after carefully reviewing its allegations against PenCom, NANS found that there was a “marked difference between staff cost and staff salary,” with the former consisting of training allowances, staff exit benefit scheme, and employers’ pension contributions “as opposed to salaries that are fixed and earmarked monthly.”

He blamed the misconception on the “lack of inattentiveness that played out at the National Assembly” when the lawmakers recently invited officials of PenCom to seek clarification on issues as part of their oversight functions.

Nnalue said the union regretted that since the events that transpired at the National Assembly a few weeks ago, both the traditional and social media, either out of mischief or lack of understanding of the issue, have been misrepresenting facts with the intention of portraying Dahir-Umar in a bad light.

The NANS senate president, who described the PenCom boss as a pacesetter, said it carried out an independent investigation and came to the conclusion that the allegation of wasteful spending is in many parts misleading, untrue, unverified and therefore, should be ignored.”

He further called on relevant stakeholders to focus on steps taken by the “Dahir Umar-led PenCom to safeguard contributors’ funds rather than on inanity.”

“It is imperative to state that at the inception of the PenCom over 18 years ago, the commission operated, especially under the present DG, an employee compensation policy that favourably compared to comparator government bodies in the financial services sector, such as the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC) and the Securities and Exchange Commission (SEC).

“Furthermore, the NANS is aware that the Presidential Committee on the Consolidation of Emoluments in the Public Sector, headed by the late Chief Ernest Shonekan, former Head of the Interim National Government, made a number of recommendations which guided the PenCom Board in its compensation review exercises. One of the recommendations is that the pay structure of self-funded agencies should be benchmarked with their private sector comparators so as to ensure relativity in such agencies and attract and retain high-calibre professionals.”

Speaking on Dahir-Umar’s giant strides as PenCom CEO, Nnalue said she supervised the growth of the pension assets from N6.42 trillion in 2017 to N14.3 trillion as at July 2022.

“She introduced the Multi-Fund Structure of investment of pension fund assets to address the investment appetite and preference of contributors as well as their age profile.

“Dahir-Umar also approved a structured reduction of fees on the net asset value of pension fund assets.

“The PenCom boss introduced the Micro Pension Plan for the participation of informal sector workers in the Contributory Pension Scheme. The Micro Pension Plan was formally launched by Mr. President on March 28, 2019.

“She developed the Enhanced Contributor Registration System (ECRS) to clean and enhance the integrity of the pension industry’s database.

“She introduced the RSA Transfer Window to enable contributors to change their PFAs at least once a year.

“She instituted a periodic pension enhancement programme every three years, where the retirees’ monthly pensions are enhanced based on the performance of their RSAs.

“Dahir-Umar also automated the Annual Enrolment Exercise for FGN retirees to remove the inconvenience of the physical process of the exercise.

“Recently, she issued the Guidelines for Access to a Percentage of RSA Balance towards Payment of Equity Contribution for residential mortgage.

“She has strengthened the minimum capital base of PFAs from N1billion to N5billion for better service delivery to contributors.

” She facilitated the payment of outstanding accrued pension rights of FGN retirees, which drastically shortened the waiting period for accessing their retirement benefits,” the NANS leader noted.

The students, therefore, insisted that they would not allow themselves “to be swayed by a malicious narrative against a tested and patriotic woman who has dedicated her life to the service of our dear nation.”

“We are against corruption and we are committed to advocating and promoting good governance at all levels. As such, we will never support corrupt elements in government. But where there is a clear misinformation about happenings, we owe ourselves and society a duty to get to the bottom of the matter in order to get the facts and set the records straight.

“It is for some of the reasons enumerated above that NANS, as a body of all Nigerian students, decided to pass a vote of confidence in the leadership of Mrs Aisha Dahir Umar, the Director General of the National Pension Commission (PenCom) for her exemplary leadership and track record of performance.”

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Africa

Customs hands over illicit drugs worth N117.59m to NDLEA

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Customs hands over illicit drugs worth N117.59m to NDLEA

The Nigeria Customs Service (NCS), Ogun Area 1 Command, has handed over illicit drugs worth N117.59 million to the National Drug Law Enforcement Agency (NDLEA).

The Comptroller of the command, Mr James Ojo, disclosed this during the handing over of the drugs to Mr Olusegun Adeyeye, the Commander of NDLEA, Idiroko Special Area Command, in Abeokuta, Ogun, on Friday.

Ojo said the customs handed over the seized cannabis and tramadol tablets to the Idiroko Special Command for further investigation in line with the standard operating procedures and inter-agency collaboration.

He said the illicit drugs were seized  in various strategic locations between January and November 21, 2024, in Ogun State.

He added that the illicit drugs were abandoned at various locations, including the Abeokuta axis, the Agbawo/Igankoto area of Yewa North Local Government Area, and Imeko Afton axis.

Ojo said that the seizure of the cannabis sativa and tramaling tablets, another brand of tramadol, was made possible through credible intelligence and strategic operations of the customs personnel.

“The successful interception of these dangerous substances would not have been possible without the robust collaboration and support from our intelligence units, local informants and sister agencies.

“These landmark operations are testament to the unwavering dedication of the NCS to safeguard the health and well-being of our citizens and uphold the rule of law,” he said.

He said the seizures comprised 403 sacks and 6,504 parcels, weighing 7,217.7 kg and 362 packs of tramaling tablets of 225mg each, with a total Duty Paid Value of N117,587,405,00.

He described the height of illicit drugs smuggling in the recent time as worrisome.

This, he said, underscores the severity of drug trafficking within the borders.

“Between Oct. 13 and Nov. 12 alone, operatives intercepted a total of 1,373 parcels of cannabis sativa, weighing 1,337kg and 362 packs of tramaling tablets of 225mg each,” he said.

Ojo said the seizures had  disrupted the supply chain of illicit drugs, thereby mitigating the risks those substances posed to the youth, families and communities.

He lauded the synergy between its command, security agencies and other stakeholders that led to the remarkable achievements.

Ojo also commended the Comptroller General of NCS for creating an enabling environment for the command to achieve the success.

Responding, Adeyeye, applauded the customs for achieving the feat.

Adeyeye pledged to continue to collaborate with the customs to fight against illicit trade and drug trafficking in the state.

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Economy

Customs intercepts N30m worth of PMS in Operation Whirlwind

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The Nigerian Customs Service (NCS) on Friday said that it had intercepted 849 kegs of Premium Motor Spirit (PMS), worth over N30 million in retail price from Operation Whirlwind.

The Comptroller of Customs, Hussein Ejibunu, made this known during a news conference in Ikeja.

“Today, we have another seizure of 849 kegs of PMS containing 25 litres each. This translates to 30,225 litres with duty paid value at N30.225 million only at the NNPCL retail price.

“Today marks yet another success recorded by the operatives of Operation Whirlwind, Zone “A” Lagos/Ogun Axis.

“About five weeks ago, same PMS products were displayed before you here on the parade ground of the college where several seizures were made,” Ejibunu said.

“On this note, we wish to thank the National Security Adviser and the Comptroller-General of Customs for their unwavering support,” Ejibunu said.

The coordinator of the Operation Whirlwind said that two vehicles of means of conveyance were intercepted along with the seizures.

Ejibunu said that they evacuated 80 Jerry Cans each from a vehicle.

He assured the public that Operation Whirlwind remains steadfast in its efforts to clamp down on PMS smugglers, ensuring no room for their illegal activities nationwide.

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Africa

Ann-Kio Briggs Faults Tinubu for Scrapping Niger Delta Ministry

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Prominent Niger Delta human rights activist and environmentalist, Ann-Kio Briggs, has criticised President Bola Tinubu’s decision to scrap the Ministry of Niger Delta, describing it as ill-advised and detrimental to the oil-rich region.

Briggs expressed her concerns during an appearance on Inside Sources with Laolu Akande, a socio-political programme aired on Channels Television.

“The Ministry of Niger Delta was created by the late (President Umaru) Yar’Adua. There was a reason for the creation. So, just removing it because the president was advised. I want to believe that he was advised because if he did it by himself, that would be terribly wrong,” she stated.

President Tinubu, in October, dissolved the Ministry of Niger Delta and replaced it with the Ministry of Regional Development, which is tasked with overseeing all regional development commissions, including the Niger Delta Development Commission (NDDC), North-West Development Commission, and North-East Development Commission.

Briggs questioned the rationale behind the restructuring, expressing concerns about its feasibility and implications. “But that’s not going to be the solution because who is going to fund the commissions? Is it the regions because it is called the Regional Development Ministry? Is it the states in the regions? What are the regions because we don’t work with regions right now; we are working with geopolitical zones,” she remarked.

She added, “Are we going back to regionalism? If we are, we have to discuss it. The president can’t decide on his own to restructure Nigeria. If we are restructuring Nigeria, the president alone can’t restructure Nigeria, he has to take my opinion and your opinion into consideration.”

Briggs also decried the longstanding neglect of the Niger Delta despite its significant contributions to Nigeria’s economy since 1958. “The Niger Delta has been developing Nigeria since 1958. We want to use our resources to develop our region; let regions use their resources to develop themselves,” she asserted.

Reflecting on the various bodies established to address the region’s development, Briggs lamented their failure to deliver meaningful progress. She highlighted the Niger Delta Basin Authority, the Oil Mineral Producing Areas Development Commission (OMPADEC), and the NDDC as examples of ineffective interventions.

“NDDC was created by Olusegun Obasanjo…There was OMPADEC before NDDC. OMPADEC was an agency. Before OMPADEC, there was the Basin Authority…These authorities were created to help us. Were we helped by those authorities? No, we were not,” she said.

Briggs further described the NDDC as an “ATM for failed politicians, disgruntled politicians, and politicians that have had their electoral wins taken away from them and given to somebody else.”

Her remarks underscore the deep-seated frustrations in the Niger Delta, where residents continue to advocate for greater control over their resources and improved governance.

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