News
Re: Betta Edu N3bn sleaze and GVG fund saga
…An Effort In Futility By Desperados, By Omogbolahan Babawale
With the hoopla from the recently unearthed large scale sleaze from the National Social Investment Programme Agency (NSIPA) and its concomitant obstreperous cacophony, one thing I’ve observed, very keenly is the adroit adept application of some rules of the best-seller book by renowned Robert Greene’s 48 Laws of Power. The spinners, while jettisoning Rule 26 which states that, ‘Keep Your Hands Clean’, and which invariably implies if you must do anything untoward, get others to do it on your behalf so you do not take the blame went straight for the jugular of their adversary.
These desperados went straight for Rule 39 which states that you, ‘Stir Up Waters to Catch Fish’. By implication, the rule suggests that you create chaos to take advantage of the opportunity it provides. Of course, people’s attention will be diverted and their focus will be off the major problem at hand which overtly is what is obtainable now in the case involving the suspended former Head, Nigeria Social Investment Programme Agency (NSIPA). And truth remains they will stop at nothing as they might have learnt from Rule 3 to always, Conceal Your Intentions. This affords you the opportunity to always lead people astray when it comes to your intentions. They will hardly realize your plans too soon.
Their desperation has finally led them to apply Rule 15 so quickly. What does Rule 15 say? It says, ’Crush Your Enemy Totally’. And who is the enemy here? Of course, Betta Edu. They believed they had the chance, hence, their decision to ‘destroy’ her completely with phantom, far-from-reality and unfounded fraud allegation. Robert Greene suggested that you show your enemy no mercy, so that they’ll be less likely to try to cross you in the future. This aptly captures the current campaign of calumny against the person of Dr. Betta Edu.
If the analogy were not to be, how come then it was possible for somebody alleged to have peculated a whopping sum of N30bn, stashed in several private accounts within few weeks of her appointment now spined the story such that N3bn was thereafter the major talk-of-the-town while the public speaks less of her humongous and esurient ‘annihilation of our common wealth’? Such spin needs be studied at Cambridge University in the United Kingdom or Harvard Business School in the United States. I shudder when people turn logic on its head. They have practically turned the attention solely on the Minister. Some have even almost turned it to an ethnic thing – North vs South. I wonder how many Southerners defended Dr. Abati, Sen. Obanikoro, Amb. Ayo Oke (the NIA man) among others during the #DasukiGate experience.
To think President Bola Ahmed Tinubu, a former auditor of high repute, trained by one of the best audit firms in the world – Deloitte would allow such shenanigans is to undermine his intelligence and his resolve to right the many wrongs bedeviling us a people. Meanwhile, Betta Edu, through her aide, Rasheed had said she got approval for the Grants for the Vulnerable Group (GVG) fund moved into a personal account. As a man with financial background, a former auditor with 10-year audit experience, I can say authoritatively that it is not the duty of Betta Edu as a minister to put in internal control mechanisms. That overtly falls within the purview of both the Accountant-General of the Federation and Auditor-General for the Federation. If both officers or their offices through which the payment was made did not raise any objection, why should Edu take the fall? The last time I checked, I remember, Betta Edu as a Minister does not have such powers as to open official account other than the statutory recognized accounts – salary, overheads and revenue (where necessary)…
News
Senate confirms Oyedele as minister
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
The Senate has confirmed the nomination of Taiwo Oyedele as Minister of State for Finance.
His confirmation comes after two hours of screening as lawmakers grilled him on various aspects of the economy.
Oyedele’s screening followed a motion moved by Opeyemi Bamidele, the Senate leader, after he called for the suspension of the Senate rule to allow strangers to come into the chamber.
During the screening, Oyedele proffered solutions to getting out of the various economic issues in the country.
Oyedele was escorted to the chamber by Bashir Lado, the Special Adviser to the President on the National Assembly ( Senate), alongside others.
His screening followed President Bola Tinubu’s letter to the Senate on Tuesday, requesting his confirmation as a minister.
Tinubu had, on March 3, nominated Oyedele, who currently serves as chairman of the presidential committee on fiscal policy and tax reforms, as Minister of State for Finance.
News
Tinubu appoints Lamido Yuguda as CBN’s Deputy Governor
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
PRESIDENT Bola Tinubu has approved the appointment of Lamido Abubakar Yuguda as Deputy Governor of the Central Bank of Nigeria (CBN)
The appointment is in accordance with Section 8(1) of the Central Bank of Nigeria Act, 2007.
This was disclosed on Wednesday by the presidential spokesman, Bayo Onanuga.
The President charges Yuguda to discharge his responsibilities with renewed dedication, professionalism, and commitment to Nigeria’s economic stability and growth.
Lamido Yuguda’s last public post was as director-general of the Securities and Exchange Commission, a position he held from 2020 to 2024.
He is an alumnus of Ahmadu Bello University, where he graduated in 1983 with a B.Sc. in Accountancy.
In 1991, he obtained a master’s degree in Money, Banking and Finance from the University of Birmingham, United Kingdom.
He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a CFA charterholder.
He began his career in 1984 at the Central Bank of Nigeria (CBN) as a Senior Supervisor in the Foreign Operations Department.
He also worked as an economist in the Africa Department of the International Monetary Fund from 1997 to 2001, when he returned to the CBN.
He retired from the CBN in 2016, after he had served as Director of the Reserve Management Department for six years.
News
JUST IN: IGP Disu Assigns Portfolios to New DIGs
DIG Zachariah Fera Achinyan has been deployed to Legal Services, DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
The Inspector-General of Police (IGP) Olatunji Disu has assigned the new Deputy Inspectors -General of Police (DIGs) their duties responsibilities.
Sources said that the DIGs were assigned departments based on their areas of competence.
DIG Zachariah Fera Achinyan has been deployed to Legal Services,
DIG Zango Ibrahim Baba to Research and Planning, and DIG Isyaku Mohammed to Training and Development departments.
Similarly, DIG Margaret Agebe Ochalla has been posted to the Force Criminal Investigation Department (FCID);
DIG Mohammed Abdul Sulaiman to Finance and Accounts; DIG Kenechukwu Onwuemelie will oversee the Force Intelligence Department (FID); DIG Fayoade Adegoke will head Information and Communication Technology, while DIG Umar Shehu Nadada has been posted to Operations departments.
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