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Sanwo-Olu to Address UK Business Leaders on Investment Opportunities as Britain Exits EU

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Nigerian state governor to tell Institute of Directors: “There is a huge status to buying British in Nigeria, but in recent years, Britain has prioritised Europe in its trading relationships, allowing countries like China and Japan to take advantage. Brexit is the perfect opportunity to think again”.

Lagos State governor, Mr. Babajide Olusola Sanwo-Olu will on Monday showcase the post-EU opportunities for UK companies in Africa’s largest economy – when he becomes the first African to address an influential group of British business leaders.

Sanwo-Olu will address the Institute of Directors – UK’s oldest senior business leaders’ organisation. The engagement will make him the first African to do so and provide a platform for extensive discussion of available investment opportunities in Nigeria for British businesses post-Brexit.

Governor Sanwo-Olu will outline areas where the Nigerian government is actively looking to partner with British businesses, including transport and energy infrastructure, digital industries and technology, education, healthcare, environment and creative industries.

Interestingly, Mr. Sanwo-Olu, who is the governor of Nigeria’s most vibrant economic capital, will speak on the THEMES agenda of his administration.

THEMES, which is an acronym for Transportation & Traffic Management, Health & Environment, Education & Technology, Making Lagos a 21st Century Economy, Entertainment & Tourism, and Security & Governance, mirrors areas of investments and opportunities in the country.

Speaking during pre-session, Sanwo-Olu hinted that: “Nigeria is a continental powerhouse – one of the World’s biggest emerging markets and Africa’s largest economies. With a population of over 200 million people, our nation alone offers UK businesses a potential market half the size of the European Union and a gateway to the wider West African region.

“Nigerian leaders such as myself want our nation to become less reliant on oil hence our putting policies in place to unleash our national potential, foster innovation and diversify our economy. Britain is an ideal partner in that ambition.

“There is a huge status to buying British in Nigeria, but in recent years Britain has prioritised Europe in its trading relationships, allowing counties like China and Japan to take advantage of the trading opportunities offered by Commonwealth nations like ourselves. Brexit is the perfect opportunity to think again.

“If my own state of Lagos were a country is would have the fifth or sixth largest economy in Africa. UK businesses have so much to gain from post-EU trade with Africa, even on a regional level.

“This forum provides a veritable opportunity to highlight that even 60 years after independence, Britain and Nigeria have a prosperous and co-operative future ahead of us”.

Governor Sanwo-Olu was elected the governor of Lagos State – the centre of the Nigerian financial services sector – in 2019. Prior to that he was Managing Director of the Lagos State Property Development Corporation (LSPDC). He was also previously General Manager at some of Nigeria’s leading financial institutions.

His address will be delivered on Monday January 18 at 12noon. The event will take place online due to the COVID-19 social distancing guidelines.

More details can be found at www.iod.com

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N80.2b Fraud: EFCC Declares Ex- Gov Bello Wanted

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The Economic and Financial Crimes Commission (EFCC) has declared the immediate past governor of Kogi State, Yahaya Bello, wanted. Yahaya Bello was declared wanted for offences bordering on economic and financial crimes, with special emphasis to an alleged N82.2 billion fraud.

This was contained in a press statement made available to news men on Thursday.

The statement signed by Commission’s management reads as follows:

“Former Kogi State Governor, Yahaya Bello, is wanted by the EFCCfor offences relating to economic and financial crimes to the tune of N80.2 bn.

“Anybody with information as to his whereabouts should report immediately to the commission or the nearest police station.”

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EFCC Seeks Military’s Help to Arrest Fleeing Ex-Gov Bello

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Justice Emeka Nwite of the Federal High Court Abuja, on Thursday, adjourned to April 23, the suit instituted by the Economic and Financial Crimes Commission (EFCC) against the immediate past Governor of Kogi State, Mr. Yahaya Bello.

The adjournment is for substituted service and possible arraignment of Bello for alleged N84billion money laundering.

At the sitting, counsel for the EFCC, Kemi Phinro, told the court that Bello was absent from court for his arraignment because he was being protected by someone with immunity.

Phinro complained that the former governor was whisked out of his Abuja residence by the same person with immunity.

Phinro said the anti-graft agency might seek the help of the military to fish him out to come face his arraignment.

Responding to this submission, Yahaya Bello through his counsel, Abdulwahab Muhammad, told the court that there is an order of the court restraining the EFCC from arresting or arraigning him.

Muhammad said a Kogi State High Court had on February 9, 2024 restrained the EFCC from arresting or arraigning the former governor.

He added that the EFCC has appealed the ruling and the Court of Appeal was yet to decide on the matter.

He pointed out that the action of the EFCC was unconstitutional and the court lacked jurisdiction to entertain any charge from the EFCC.

Counsel for the EFCC, however, disagreed with the submission of the counsel to Bello.

The EFCC counsel held that the ruling in the substantive matter on the suit was delivered on March 17, 2024 by the Kogi State High Court.

He cleared the air that the court in its ruling held that for the former governor to be arrested or arraigned, the EFCC must first seek leave from the court to do so.

He said it was in line with that judgment that the EFCC, through an exparte application, filed for the order seeking the arrest of the former governor which was granted by the court.

Counsel for Yahaya Bello, however, insisted before the court that the order for the ex-governor’s arrest was made out of jurisdiction. He said the former governor is not a fugitive, but relying on the order of the Kogi State High Court to take protection.

On Wednesday, EFCC operatives stormed Bello’s residence in the Wuse area of Abuja and spent most part of the day attempting to arrest the former governor whom the Commission later confirmed was whisked away by his successor.

The EFCC subsequently warned members of the public that it is a criminal offence to obstruct officers of the Commission from carrying out their lawful duties.

The Commission’s spokesperson said that Section 38(2)(a)(b) of the EFCC Establishment Act makes it an offence to prevent officers of the Commission from carrying out their lawful duties.

According to him, culprits risk a jail term of not less than five years.

“On several occasions, operatives of the Commission have had to exercise utmost restraint in the face of such provocation to avoid a breakdown of law and order.

“Regrettably, such disposition is being construed as a sign of weakness.

“The Commission, therefore, warns that it will henceforth not tolerate any attempt by any person or organisation to obstruct its operation as such will be met with appropriate punitive actions,” the statement added.

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Gunmen Invade Ekiti Secretariat, Days after Oyo Assembly Invasion

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Barely three days after armed Yoruba Nation agitators invaded the Oyo State Government Secretariat, gunmen on Tuesday, stormed the Ilejemeje Local Government Area Secretariat in Ẹda-Oniyọ, Ekiti State, causing pandemonium among the workers.

The attackers disrupted normal activities and forced employees to flee the premises for safety.

The hoodlums, who were said to have come from the Obbo-Ayegunle community in the neighbouring Kwara State, violently stormed the secretariat, firing several gunshots, making workers run in different directions for dear lives, and in the ensuing pandemonium, one person was injured.

Reports said the hoodlums vandalized the Secretariat building and other property of the council.

Although the cause of the attack was still sketchy as at the time of filling this report, it was however gathered that the two communities have been embroiled in crisis for some time over land disputes.

During the attack, which lasted for several hours, one person was said to have sustained serious injury and rushed to the State Specialist Hospital in Iye-Ekiti.

The hoodlums reportedly heavily armed with dangerous weapons including gun, charms and cutlasses. They invaded the Secretariat at about 10:am.

Speaking on the attack, the Eleda of Eda Oniyo community, Oba Awodipo Awolola, explained that the hoodlums had in few days attacked some residents of the community, with charm in their farmlands, the development which the monarch said had resulted in panic and tension in the community.

The traditional ruler, who lamented the absence of police post in the area, said there is a need for security outfits to mobilise more officer to the community to prevent further breaking of law and orders.

Similarly, the Chairman of Ilejemaje Local Government, Mr. Alaba Dada, said the suspected hoodlums were from the Obbo-Ayegunle community in Kwara State.

He attributed the attacks to the lingering land disputes between the two communities, he explained that though security agents had been mobilised to the town to prevent repraisal attacks.

He said there is need for the Ekiti and Kwara State governments to meet, and settle the land dispute in the interest of peace and harmonious relationship.

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