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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.
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.”
The Ogun State Government has called for an immediate, temporary suspension of lead ingot exportation pending a full investigation into alleged lead contamination in the Ogijo area of Sagamu Local Government.
This position followed an on-the-spot inspection in Ogijo after a viral video raised concerns about possible lead poisoning in the community. The Commissioner for Environment, Ola Oresanya, led a combined team of experts from the Ministries of Environment and Health, the Ogun State Environmental Protection Agency (OGEPA), and the National Environmental Standards and Regulations Enforcement Agency (NESREA).
During the visit, the government ordered the closure of seven industries involved in Used Lead-Acid Battery recycling within the Ogijo axis.
Oresanya assured residents that there is no cause for panic, noting that the state will immediately commence a comprehensive Health and Process Audit of the affected facilities. This will include testing for lead levels in humans, soil, air, and water sources across the industrial community.
He added that the government will make the findings public once the investigation is completed, while also reviewing the methodology used in the earlier test results circulated in the media.
News
Insecurity: Lagos Will Remain Peaceful, says Sanwo-Olu
At the routine meeting, which was chaired by Mr Sanwo-Olu, were the General Officer Commanding (GOC) 9 Brigade, Brig.-Gen. A.O. Owolabi, Group Capt. M.A. Imam, Commander 651 BSG, Nigerian Air Force, Commander NNS Beecroft Naval Base, Apapa, Commodore PP Nimmyel, Commissioner of Police Olohundare Moshood, representative of the Department State Services Director, A.B. Alade…
Lagos State Governor, Babajide Sanwo-Olu assures that the State will remain peaceful for residents and all visitors amidst the insecurity across the nation.
Sanwo- Olu gave the assurance on Thursday during a meeting of the Security Council.
In a statement, Gbenga Omotoso HC (Information & Strategy, disclosed that the state’s security Council, which comprises heads of Security agencies in the state, met at the State House, Marina.
At the routine meeting, which was chaired by Mr Sanwo-Olu, were the General Officer Commanding (GOC) 9 Brigade, Brig.-Gen. A.O. Owolabi, Group Capt. M.A. Imam, Commander 651 BSG, Nigerian Air Force, Commander NNS Beecroft Naval Base, Apapa, Commodore PP Nimmyel, Commissioner of Police Olohundare Moshood, representative of the Department State Services Director, A.B. Alade, Secretary to the State Government Barr. Abimbola Salu-Hundeyin, Chief of Staff to the Governor Tayo Ayinde, Chief Security Officer to the Governor CSP Fagbemi Adekunle, and Lagos State Security Trust Fund (LSSTF) Executive Secretary Ayo Ogunsan.
After being briefed by the security chiefs, Governor Sanwo- Olu expressed satisfaction with their reports and assured all Lagosians and visitors that the Yuletide will truly be a season of goodwill.
News
Police, PSC set up committee to recruit 30,000 new officers
The primary mandate of the Joint Ad-hoc Committee is to collaborate and brainstorm on creating a seamless, transparent, and efficient recruitment process.
• Police IGP, Kayode Egbetokun
The Police Service Commission (PSC) and the Nigeria Police Force (NPF) have set up a high-powered joint Ad-hoc Committee to drive the immediate commencement of the recruitment of 30,000 new officers.
The PSC disclosed this in a statement on Thursday, following the inauguration of the Ad-hoc Committee on Wednesday, 26th November, 2025 by the Chairman, Police Service Commission DIG Hashimu Salihu Argungu (rtd) at the Police Service Commission Corporate Headquarters, Jabi, Abuja.
The establishment of the committee followed the presidential directive to bolster the numerical strength of the NPF and enhance national security.
The primary mandate of the Joint Ad-hoc Committee is to collaborate and brainstorm on creating a seamless, transparent, and efficient recruitment process.
It added that the committee will work to ensure the exercise is conducted with the highest standards of integrity and merit.
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