TAPAN Demands INEC Chairman steps down over non Payment of Ad-hoc Staff:
The Taxpayers Association of Nigeria (TAPAN), an Umbrella body of taxpayers were approached by the ad-hoc staff that worked in the Presidential and National Assembly elections of 16th February, 2019 who were not paid their stipends as stipulated. Few days from now will be 16th of February 2020 which is exactly one year these youth play their role in this engagement and up till now INEC is yet to play its own part of the bargain in giving them their entitlement. However, the core values of TAPAN as an association amongst others is to ensure that taxpayers’ money are duly appropriated and expended for this purpose.
During the 2019 general elections in Nigeria, the Independent National Electoral Commission (INEC) whose function is to conduct elections as the electoral umpire of the nation recruited ad-hoc staff who help in the said election to coordinate all the Polling Units across the nation for the Presidential and National Assembly elections. The ad-hoc staff included both ex-corps members and serving corps members.
Also, there were 119, 973 (One Hundred and Ninety Thousand, Nine Hundred and Seventy-Three) Polling Units across the nation and each Polling Units was coordinated by 4 (four) officials; one serving Corp member and three Ex-corp members making it a total of 479,892 (Four Hundred and Seventy-Nine Thousand, Eight Hundred and Ninety-Two) ad-hoc staff engaged in this process.
As a prelude towards the said elections, the Independent National Electoral Commission (INEC) organized a training for all the ad-hoc staff which lasted for two days and the ad-hoc staff for the said elections were entitled to N8,000.00 (Eight Thousand Naira) only which is to cover their logistics. At the end of the induction course, even-though the said amount was appropriated, was never paid to them including the sum of N15, 000.00 (Fifteen Thousand Naira) for coordinating the Polling Units for the said elections.
The entire ad-hoc staff mobilized to their various areas of primary assignments ready for the job, when at about 3:00 am on the election day, and about four hours to opening of the polls, the Chairman of the Independent National Electoral Commission (INEC) Prof. Mahmood Yakubu came on air and called for the postponement of the elections with reasons best known to him. Till date the ad-hoc staff have not been paid.
“Gentlemen of the press, the youth of this country have become endangered species, not only do they roam the street seeking for jobs but the ones done for the country entirely are yet to be paid. We need not to add that money for the exercise was duly appropriated by the National Assembly from taxpayers’ money, hence our involvement in this matter so therefore, TAPAN insist that Prof. Mahmood must resign with immediate effect and handover himself to the appropriate authorities for misappropriation of taxpayers’ money, breach of trust, rape of justice. And lack of administrative mastery and finesse.” Said Comr. Obinna Okafor, the president of Taxpayers’ Association of Nigeria (TAPAN)
“Public office is not for everybody, gentlemen of the press may I state emphatically without fear or contradiction that Taxpayers Association of Nigeria had once written to the Vice-president of the Federal Republic of Nigeria, Prof Yemi Osinbajo (GCON) and our letter was replied within 14 (fourteen) working days, it shows efficient service delivery in public office, whereas we wrote 3 (three) different letters to INEC, two (2) from our attorney and one (1) from Taxpayers Association of Nigeria concerning this subject matter, yet, it was treated with reckless abandon and unheeded up-till today.” Said the TAPAN President, Comr. Obinna Okafor
According to Comr. Obinna Okafor, Prof. Mahmood Yakubu has failed to
understand that his activities as INEC chairman is predicated on Taxpayer’s money, yet he lacks capacity in simple administrative matters. He also lamented that INEC agreed with TAPAN that they are aware that some of their Ad-hoc staff died in the course of this assignment, some were raped, valuable items such as phone and money were forcefully taken by the village miscreants due to poor accommodation, yet nothing has been done as supposed.
Therefore, the Taxpayers Association of Nigeria (TAPAN) call on the attention of the President of Federal Republic of Nigeria, President. Muhammadu Buhari (GCFR) to kindly intervene urgently to this clarion call in order to restore confidence and trust of Nigerian youths, by ensuring that these INEC Ad-hoc staff are paid immediately and demands that Prof. Mahmood Yakubu step down with immediate effect.
“Mr. President, your name will be written in gold and chronicled as a listening president who has pacified fate of almost 500,000.00 (five hundred thousand) youths.” Said Comr. Obinna Okafor, the TAPAN President.
Conclusively, TAPAN has done her best to hold down the INEC Ad-hoc staff for so long believing that this commission will be reasonable enough to do the needful but from their survey as an organization they are made to understand that INEC body language is an invitation to nationwide protest that will not likely end until Prof. Mahmood steps down. We are all aware that almost 500,000.00 (five hundred thousand) youth are involved in this case, it is obvious that the outcome of the protest is better imagined than experienced and we hope INEC responds positively on this matter.
CBN Sells Polaris Bank To SCIL
The Central Bank of Nigeria (CBN) has announced the completion of the sale of shares in Polaris Bank to Strategic Capital Investment Limited (SCIL), a new core investor.
In a statement signed by its Director, Corporate Communications Department, Osita Nwanisobi, the CBN said that SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement, including the full repayment of the sum of N1.305 trillion, being the value of the bonds, which as part of its intervention, in 2018, to revoke the licence of the former Skye Bank Plc. and establish Polaris Bank to assume its assets and certain liabilities, the banking industry regulator injected into Polaris through the Asset Management Corporation of Nigeria (AMCON) and is to be repaid over a 25-year period.
The statement reads: “The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) are pleased to announce the completion of a Share Purchase Agreement (SPA) for the acquisition of 100% of the equity in Polaris Bank by Strategic Capital Investment Limited (‘SCIL’).
“Polaris has been operating as a bridge bank since 2018 when the Central Bank of Nigeria intervened to revoke the licence of the former Skye Bank Plc. and established Polaris Bank to assume its assets and certain liabilities. As part of the CBN intervention, consideration bonds with a face value of N898 billion (future value of N1.305 trillion) was injected into the bridge bank through AMCON, to be repaid over a 25-year period.
“These actions were taken to prevent the imminent collapse of the bank, enable its stabilisation and recovery, protect depositors’ fund, prevent job losses and preserve systemic financial stability. SCIL has paid an upfront consideration of N50 billion to acquire 100% of the equity of Polaris Bank and has accepted the terms of the agreement which include the full repayment of the sum of N1.305 trillion, being the consideration bonds injected.
“The CBN thus received an immediate return for the value it has created in Polaris Bank during the stabilisation period, as well as ensuring that all funds originally provided to support the intervention are recovered. The sale was coordinated by a Divestment Committee comprising representatives of the CBN and AMCON, and advised by legal and financial consultants. The Committee conducted a sale process by ‘private treaty’, as provided in Section 34(5) of the AMCON Act to avoid negative speculations, retain value and preserve financial system stability.
“In the process, parties who had formally expressed an interest in acquiring Polaris Bank, subsequent to the CBN intervention in 2018, were invited to submit financial and technical proposals. Invitations to submit proposals were sent to 25 pre-qualified interested parties, out of which three parties eventually submitted final purchase proposals following technical evaluation. All submissions were subject to a rigorous transaction process from which SCIL emerged as the preferred bidder having presented the most comprehensive technical/financial purchase proposal as well as the highest rated growth plans for Polaris Bank.”
The CBN Governor, Mr. Godwin Emefiele, was quoted in the statement as saying that: “This sale marks the completion of a landmark intervention in a strategic institution in the Nigerian banking sector by the CBN and AMCON. We commend the outgoing board and management for their vital role since the bridge bank was established; in stabilising the Bank’s operations, its balance sheet and implementing strong governance structures to address the issues that led to the intervention.
“This process has provided the CBN with an unprecedented opportunity to recover its intervention funds in full and promote financial stability and inclusive growth. We wish SCIL well as they implement growth plans to build the bank from the strong foundations that have been established.”
Media Intelligence agency Marks Six years of Operation in Nigeria
Media Intelligence agency Marks Six years of Operation in Nigeria.
P+ Measurement Services, Nigeria’s foremost Independent Public Relations measurement and evaluation agency, celebrates its sixth year of effective operation with qualitative offerings for its numerous clients, as it rebrands with a new business logo, website, and office to deepen penetration.
The leading company has in the past six years engendered the needed growth for its clients, and the rebranding is part of efforts aimed at sustaining its leading position in the sector, having worked with over 47 brands and 17 Public Relations agencies in Africa’s largest economy.
The logo with new colors depicts the innovation and creativity of the brand, as also shown on its new website with the agency service rate, to enable brands and agencies to make faster decisions in budgeting.
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As the only AMEC Member in Nigeria, P+ has strong partnerships with the Nigerian Institute of Public Relations (NIPR) and Reelforge Media Monitoring, the biggest media monitoring agency in the East African region, covering more than five countries.
Speaking on the company’s new development, the Chief Insights Officer, Philip Odiakose, said P+ is strongly positioned to effectively deliver on its offerings, with state-of-the-art structure, process and highly skilled media analysts in an exceptional and value-driven business model in line with global best practices.
“Our Measurement and Evaluation report is in-depth, robust, and flexible to accommodate valid metrics that brands desire to see reflected in their customized reports, and also based on the AMEC Standard in accordance with the Barcelona Principle 3.0. We deploy the P+MCA (media content analysis) methodology for media evaluation and analysis based on qualitative and quantitative metrics in analyzing media exposure,” Odiakose affirmed.
He said the new office would serve as a hub in the country and the West Africa sub-region, where the company will provide media monitoring, measurement, evaluation, and performance audit services for brands, media agencies, government agencies and NGOs.
Also as part of its efficient services, the measurement and evaluation company introduced “Get-Reports,” a novel product that allows the purchase of PR performance audit reports in key sectors.
The “Get-Reports” product spans across different industries which includes the 22 Commercial Nigerian Banks PR Performance Audit Report, Top Nigerian Insurance PR Performance Audit Report, Top Nigerian Digital Banks PR Performance Audit Report, and Top Online Streaming Services PR Performance Audit Report.
It’s not too late for NASS to revisit e-transmission of election results – SAN
By Gistflash News
Sept 26, 2021
The clause 52(2) of the bill gives the Independent National Electoral Commission (INEC) the discretion to determine when, where and how voting and transmission of results will be done.
The Senate had ruled out the possibility of having results transmitted electronically when it voted that the NCC, with the National Assembly’s approval, would determine whether INEC could transmit results electronically or not.
Similarly, the House of Representatives, on July 16, passed the Electoral Act (Amendment) Bill, maintaining the controversial Clause 52(2) as presented amidst protests, especially by members of the minority caucus.
After the passage of the bill, the Speaker, Mr Femi Gbajabiamila, criticised the proposed electronic transmission of election results, saying it was not feasible in the country for now.
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