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CPPE Calculates Negative Effects of Presidential Pardons on the Economy and Investment

Dr Muda Yusuf, Director/CEO of CPPE, expressed concerns about the inclusion of individuals convicted of corruption, financial crimes, murder, drug trafficking, and illegal mining.

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The Centre for the Promotion of Private Enterprise (CPPE) is urging the Federal Government to urgently review and rationalise the list of individuals granted the prerogative of mercy by President Bola Tinubu, which includes both living and deceased Nigerians.

In a policy brief made available to our editor on Sunday, the CPPE asserted that while the prerogative of mercy is a legitimate constitutional tool, its application to serious economic and financial offences, as well as other criminal acts, requires utmost discretion, transparency, and alignment with Nigeria’s commitments to anti-corruption, drug control, and the sanctity of human life.

Dr Muda Yusuf, Director/CEO of CPPE, expressed concerns about the inclusion of individuals convicted of corruption, financial crimes, murder, drug trafficking, and illegal mining.

He stated, “Extending clemency and pardons to persons convicted of corruption, financial fraud, illegal mining, murder, and drug-related crimes has far-reaching economic and social consequences.”

He highlighted the following issues:

– Illegal Mining: It undermines legitimate enterprises, depletes national revenue, and fuels insecurity in mining communities.

– Corruption and Financial Crimes: These distort markets, weaken institutions, and discourage fair competition.

– Drug Trafficking: This tarnishes Nigeria’s global image, exacerbates insecurity, and imposes significant social costs.

Leniency toward financial and economic crimes erodes deterrence, weakens enforcement, and signals a tolerance for misconduct.

A lenient approach undermines respect for the law and the credibility of governance.

Damage to Investor Confidence

Investor confidence thrives on predictability, fairness, and justice. When individuals convicted of economic or financial crimes are pardoned, it raises concerns about policy consistency, the sanctity of contracts, and investment security, thereby discouraging both domestic and foreign investors.

Reputational and Governance Risks

Excessive clemency could reverse gains in governance credibility and reinforce perceptions of institutional weakness.

Such perceptions can negatively impact sovereign risk ratings, capital inflows, and the overall attractiveness of Nigeria’s investment climate.”

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Kenyan President mocks Nigerians’ spoken English

As former British colonies, both Kenya and Nigeria share English as an official language, but each country has developed distinct spoken varieties with different phonetic structures.

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“If you listen to a Nigerian speaking, you don’t know what they are saying – you need a translator; Kenyans spoke “some of the best English in the world”, boast Kenyan President William Ruto, while addressing Kenyans in Italy this week.

Earlier this month, Nigerian President Bola Tinubu faced a backlash from Kenyans online after stating that Nigerians were “better off than those in Kenya and other African countries” despite rising fuel prices at home.

Ruto’s remarks drew fierce condemnation from Nigerians and other Africans online who accused the Kenyan leader of demeaning a fellow African nation.”

English is a colonial language, not a measure of intelligence, capability, or national progress,” wrote Hopewell Chin’ono, a Zimbabwean journalist.

As former British colonies, both Kenya and Nigeria share English as an official language, but each country has developed distinct spoken varieties with different phonetic structures.

These differences reflect the influence of indigenous languages – Nigeria has more than 500 languages which shape its cadence and intonation, while Kenya’s Bantu, Nilotic and Cushitic mix give rise to its own accents.

But in his address to the diaspora gathering, Ruto said Kenya’s education system produced strong English proficiency and that it was difficult to understand Nigerians when they spoke English.

“Our education is good. Our English is good. We speak some of the best English in the world. If you listen to a Nigerian speaking, you don’t know what they are saying. You need a translator even when they are speaking English,” he said, sparking laughter in the room.

“We have some of the best human capital anywhere in the world. We just need to sharpen it with more training,” Ruto added.

His remarks have led to widespread reactions on social media, with many users criticising the Kenyan leader for showcasing a “deep inferiority complex rooted in colonial conditioning”.

“Ruto is mocking the English of the country with a Nobel Prize for literature winner.The Nation of Achebe and Chimamanda,” former Nigerian senator Shehu Sani posted on X, referring to Wole Soyinka – the country’s only Nobel Prize winner – along with acclaimed authors Chinua Achebe and Chimamanda Ngozi Adichie.

Other social media users urged Ruto to focus on addressing pressing issues facing his citizens – such as the cost of living and unemployment – rather than engaging in what they described as distractions.

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Jonathan visits Tinubu in Aso Rock

Jonathan’s latest visit comes months after his last known appearance at the State House in November 2025, shortly after his evacuation from Guinea-Bissau amid a political crisis.

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PRESIDENT Bola Tinubu on Wednesday received former President Goodluck Jonathan at the Presidential Villa, Abuja, in what officials described as part of ongoing high-level consultations on regional and continental issues.

The meeting, which was held behind closed doors at the State House, began at about 4 pm.

Sources familiar with the engagement indicated that the interaction aligns with a pattern of periodic consultations between both leaders, particularly on political developments in West Africa and Nigeria’s broader diplomatic and continental engagements..

Images from the meeting showed both leaders in a relaxed setting, engaged in conversation inside the President’s office.

Jonathan’s latest visit comes months after his last known appearance at the State House in November 2025, shortly after his evacuation from Guinea-Bissau amid a political crisis.

The former president had been leading a West African Elders Forum election observation mission when soldiers loyal to Brigadier-General Dinis Incanha reportedly staged a coup, detaining incumbent President Umaro Sissoco Embaló ahead of the official announcement of the November 23 presidential election results.

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Nigeria’s Ambassador to Algeria, Mohammed Lele, dies at 50

Born in Gamawa, Bauchi State, in 1976, Lele studied Economics at Bayero University Kano. During his diplomatic career, he served in Nigeria’s missions in Berlin, Lomé and Riyadh.

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Nigeria’s ambassador-designate to Algeria, Mohammed Mahmud Lele, has died at the age of 50.

Lele was buried in Kano on Wednesday in accordance with Islamic rites.

His death was confirmed on Wednesday by the Ministry of Foreign Affairs in a statement issued in Abuja by its spokesperson, Kimiebi Ebienfa.

According to the ministry, Lele died in the early hours of April 19, 2026, in Ankara, Türkiye, following a prolonged illness.

The ministry described his death as a significant loss, noting that he was a seasoned diplomat who served Nigeria with dedication and professionalism.

Before his nomination as ambassador-designate to Algeria, Lele was the Director in charge of the Middle East and Gulf Division at the ministry.

Born in Gamawa, Bauchi State, in 1976, Lele studied Economics at Bayero University Kano. During his diplomatic career, he served in Nigeria’s missions in Berlin, Lomé and Riyadh.

The Permanent Secretary of the ministry, Dunoma Umar Ahmed, who received his remains at the Nnamdi Azikiwe International Airport, described him as a diligent and humble officer whose contributions would not be forgotten.

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