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ICPC clears Yewande Sadiku of all fraud allegations

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says it was unable to establish allegations of corruption against Yewande Sadiku, former CEO and executive secretary of the Nigerian Investment Promotion Commission (NIPC).

In a letter dated December 16 and addressed to the CEO of NIPC, the ICPC said it received a petition against Sadiku and some other officials of the NIPC, accusing them of mismanaging public funds.

According to the ICPC, the allegations are summarised as “fraudulent abuse of office; waste and mismanagement of public funds by the executive secretary of the NIPC through incessant tours and travels within and outside Nigeria without adding value to the Commission”.

Sadiku was alleged to have “embarked on foreign trips without express approval of the governing council of the commission; used the commission’s fund to repair her damaged personal vehicle”, as well as received “illegal foreign leave allowance”.

However, Akeem Lawal, ICPC director of operations, in the letter, said the allegations couldn’t be substantiated.

“Upon investigation, none of these allegations was established, and the striking out of suit No FAC/ABJ/CS/249/2019 by his lordship, Hon. Justice A.R. Mohammed of the federal high court of Nigeria, Abuja division, brings the investigation to a close,” the letter reads.

Sadiku, who was appointed executive secretary/CEO of NIPC in 2016, completed her five-year tenure in September.
In August, the NIPC had issued a statement saying Sadiku voluntarily honoured an invitation by the Economic and Financial Crimes Commission (EFCC), contrary to reports that she was arrested and detained over allegations of contract fraud.

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New Zealand PM Jacinda Ardern cancels her wedding amid new Omicron restrictions

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New Zealand Prime Minister Jacinda Arden has cancelled her wedding as the nation imposes new restrictions to slow the community spread of the Covid-19 Omicron variant, she told reporters on Sunday.

New Zealand will impose mask rules and limit gathering from midnight on Sunday after a cluster of nine Covid-19 Omicron cases showed community spread from the North to South islands after a wedding.

A family returned to Nelson in the South Island by plane after attending a wedding and other events in Auckland in the North Island. The family and a flight attendant tested positive.

New Zealand will move to a red setting under its Covid-19 protection framework, with more mask wearing. Indoor hospitality settings such as bars and restaurants and events like weddings will be capped at 100 people. The limit is lowered to 25 people if venues are not using vaccine passes, Arden said.

“My wedding will not be going ahead,” she told reporters, adding she was sorry for anyone caught up in a similar scenario. Ardern had not disclosed her wedding date, but it was rumored to be imminent.

Asked by reporters how she felt about the cancellation of her wedding to longtime partner and fishing-show host Clarke Gayford, Ardern replied: “Such is life.”

She added, “I am no different to, dare I say it, thousands of other New Zealanders who have had much more devastating impacts felt by the pandemic, the most gutting of which is the inability to be with a loved one sometimes when they are gravely ill. That will far, far outstrip any sadness I experience.”

New Zealand’s borders have been shut to foreigners since March 2020. The government pushed back plans for a phased reopening from mid-January to the end of February out of concern about a potential Omicron outbreak as in neighboring Australia.

People able to travel to New Zealand under narrow exceptions must apply to stay at state-managed quarantine facilities. The government last week stopped issuing any new slots amid a surge in the number of people arriving with Omicron.

About 94% of New Zealand’s population over the age of 12 is fully vaccinated and about 56% of those eligible have had booster shots.

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SERAP drags Nigerian government to ECOWAS Court over undisclosed loans spending

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The Socio-Economic Rights and Accountability Project has filed a lawsuit against the government of President Muhammadu Buhari before an ECOWAS Court over “secrecy in the spending of loans so far obtained, the unsustainable level of borrowing by the government and the 36 states, and the crippling debt burden”.

Last week, SERAP lawyers, Kolawole Oluwadare and Opeyemi Owolabi filed a suit before ECOWAS Court of Justice in Abuja, in which the organisation sought, “An order directing and compelling the Federal Government to issue an immediate moratorium on borrowing by itself, and the 36 states, in conformity with the country’s international human rights obligations.”

SERAP is also seeking, “An order directing and compelling the Federal Government to publish details of spending of the loans obtained by governments since 1999 including the list of projects and locations of any such projects on which these loans have been spent.”

The organisation maintained that, “Persistent and unsustainable borrowing by the federal and state governments and the crippling debt burden undermine the rights of Nigerians to economic and social development, and are antithetical to the public interest.

“There is lack of transparency and accountability in the spending of the loans so far obtained, and opacity around the terms and conditions in loan agreements, including repayment details for these loans. The details of the projects on which the loans are spent are shrouded in secrecy.

“Without a moratorium on borrowing, the Federal Government and many of the 36 states may be caught in a process driven mostly by creditors’ needs. 

“This will result in an exorbitant social cost for the marginalised and vulnerable sectors of the population.

“The Federal Government and many of the 36 states would seem to be in debt distress or at high risk of debt distress.

“The Senate and House of Representatives recently approved the loans of $5,803,364,553.50 and a grant component of $10million under the 2018-2020 External Borrowing (Rolling) Plan of the Federal Government.

“This followed previous approvals by the National Assembly of $16.2 (16,230,077,718) billion loan; €1 (1,020,000,000) million and a grant component of $125 million loan; $36.8 billion, €910 million loans, and a grant component of $10 million; $8.3 billion and €490 million loans; $6.1 billion, $1.5 billion and 995 million loans; and $4(4,054,476,863), €710 million and grant component of $125million.

“Several of the 36 states are also facing a debt crisis, and vicious debt cycles. According to the Debt Management Office, the foreign debt stock of the Federal Government, 36 state governments and the Federal Capital Territory presently stands at $37.9billion.

“The loans from China alone amount to $3.59billion. According to the UN Independent Expert on foreign debt and human rights, Nigeria faces debt service relative to tax revenues that exceed 20 per cent, with escalating social tensions linked to poverty and inequality.

“According to the World Bank’s IDA FY21 Report, with debt exposure of $11.7billion US Dollars, Nigeria ranked fifth among the top 10 countries with highest debt risk exposure. The top four countries are India with $22billion, Bangladesh ($18.1billion), Pakistan ($16.4billion), and Vietnam ($14.1billion).”

Meanwhile, no date has been fixed for the hearing of the suit.

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COVID-19: Nigeria records 29 fresh infections, lowest in two months

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The Nigeria Centre for Disease Control has said that 29 people tested positive for Coronavirus on Saturday.

The figure is the country’s lowest single-day count since November 19, 2021 when 23 cases were reported.

In its latest update, NCDC said the positive cases of Coronavirus came from three states.

A breakdown of new cases showed that Lagos — Nigeria’s pandemic epicentre — recorded the highest number of new infections with 27 new positive samples, followed by Kano and Rivers with one each.

According to the agency, 40 persons recovered from the infection while 225,946 people have now been discharged.

No death figure was recorded from COVID-19 complications, leaving the death toll at 3,124.

Since the index case in February 2020, a total of 251,959 Coronavirus infections have been confirmed across Nigeria — out of which 22,889 are active cases. 

On Saturday, the Lagos government said the consistent decrease in COVID-19 cases indicates the end of the pandemic’s fourth wave in the state.

Giving a situation update via Twitter, Akin Abayomi, the state’s Commissioner for Health, said there was a reduction in positivity rates — from 29.3 percent recorded on December 21, 2021, to 1.9 percent as of January 20, 2022.

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