News
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.”
News
South African kills Nigerian bar worker
Olaleye was allegedly shot by a South African national following an argument over whether a drinking glass should be taken outside the bar.
• South African police
The Nigerian Union in South Africa (NUSA) says Olatunde Olaleye, a 40-year-old father of two, has been shot dead in the country.
According to NAN, NUSA said Olaleye, an indigene of Ikere-Ekiti, was killed on September 21 while working at Spanata Bar and Grills in Mamelodi, Pretoria.
Smart Nwobi, NUSA president-general, in a statement on Thursday, said Olaleye was a husband and father of two children, adding that his death has left his family devastated.
He said the union is concerned by reports that Olaleye was allegedly shot by a South African national following an argument over whether a drinking glass should be taken outside the bar.
According to him, there were also reports that the suspect returned to the premises to threaten the bar’s management, with a promise that members of his crew would return.
Nwobi called for a thorough, transparent and impartial investigation into the circumstances surrounding the incident.
“We cannot continue to lose Nigerians under circumstances that leave families devastated and communities traumatised,” he said.
News
Nigerian Editors Brace for Democracy Protection Ahead of 2027 Elections
“As editors, we must remain above board in an increasingly polarised environment. We must not become agents of disorder. Neither should we display contradictory tendencies that cause the citizenry to question our credibility,” Anaba said.
Enugu|•L-R Prof Pat Utomi; Prof Chinyere Okunna and Eze Anaba President Nigerian Guild of Editors at the 22nd All Nigerian Editors Conference in Enugu. Photo. Nwankpa Chijioke
Nigerian editors have been urged to protect the credibility of the ballot and help safeguard democracy as the country prepares for the 2027 general elections.
The call was made by Eze Anaba, President of the Nigerian Guild of Editors (NGE) and Editor of Vanguard Newspaper, in his welcome address at the 22nd Annual All Nigerian Editors Conference, which opened today in Enugu.
The conference is themed, “The Ballot, the Media and the Task of Keeping Democracy Alive.”
Anaba said the media, alongside other critical institutions, had a responsibility to nurture democracy by ensuring that voters were adequately informed and that electoral outcomes reflected the choices of the people.
According to him, the ballot can only fulfil its democratic purpose when voters have access to credible information and are able to make their choices freely, without intimidation or undue influence.
He urged editors and journalists to uphold verification, independence, accuracy, fairness, accountability and courage, particularly in an era of social media, artificial intelligence, deepfakes and the rapid spread of misinformation.
“As editors, we must remain above board in an increasingly polarised environment. We must not become agents of disorder. Neither should we display contradictory tendencies that cause the citizenry to question our credibility,” Anaba said.
He stressed that the media’s overarching responsibility was to serve the public good and help ensure that government derived its legitimacy from the consent of the people.
News
Works Minister Orders Tinubu’s Pictures On First Niger Bridge
“The President has worked so hard and we need to reward his hard work by decorating this bridge with his pictures.”
Minister of Works, David Umahi, has ordered the removal of illegal advertisements from the rehabilitated First Niger Bridge and their replacement with pictures of President Bola Tinubu, saying the display would recognise the President’s work on infrastructure.
Umahi gave the directive during an inspection of ongoing rehabilitation works on the bridge linking Anambra and Delta states.
He said the bridge was expected to reopen to motorists next week, subject to the completion of critical structural work.
“Once we are done with work on this bridge, I want all the illegal adverts on this bridge removed. Anyone who wants to advertise should apply to the Ministry of Works. For now, the bridge will be decorated with the pictures of President Tinubu,” Umahi said.
“The President has worked so hard and we need to reward his hard work by decorating this bridge with his pictures.”
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