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Lockdown Extension: PRP Calls on President Buhari to Call-off Lockdown

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Lockdown Extension: PRP Calls on President Buhari to Call-off Lockdown

The Peoples Redemption Party (PRP) calls on President Muhammadu Buhari to immediately call-off the ongoing lockdown in the interest of Nigerians.

In a statement issued by its National Chairman, Alhaji Falalu Bello, he stated that the strategy choice of the administration was alien to the socio-economic as well as environmental realities in Nigeria, adding that such facilities that would have made the strategy choice workable were either rudimentary or non-existent in Nigeria.

Also Read: President Muhammadu Buhari Orders 14 Days Shutdown in Lagos, Abuja and Ogun State

President Buhari’s Full Speech on COVID-19 Pandemic

The party also observed that the Novel Coronavirus (COVID-19) Pandemic was not just a health concern, but a multi-sectoral thing.

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Noting that the lockdown strategy could rather become counter-productive as the Nigerian circumstances, in which housing transportation, feeding and other basic human need were in short supply, leading to congestions and herding of people in limited spaces and sharing limited resources.

It also pointed out the limited capacity of government to meet up with the demand for palliatives, considering the alleged suspicious nature of the database to be used for those who would qualify to benefit from government’s arrangement.

According to his statement which reads;

“First, the President appears not to understand and appreciate the futility and ineffectiveness of lockdowns as a panacea for the spread of the COVID-19 pandemic in an economic and social environment such as ours.

“Nigeria COVID -19 response strategy with terms such as aggressive enforcement of total lockdown, flattening of the curve, contact tracing, self-isolation, etc, is a very good strategy on paper but has been drawn in total disregard to our environment and circumstances.

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 “Complete lockdown for example may be useful and effective in developed economies and societies as exist in Europe and North America. But in our own environment where infrastructure such as housing, public transportation, sanitation and water supply are at best rudimentary, a wholesale copy of the lockdown template as a strategy against the COVID-19 pandemic is as good as playing the ostrich.

“Self-Isolation as another example in most of our houses in our towns and cities where tens of families stay in a house with only a toilet and tap is neither possible nor practicable. The Covid-19 Strategy sold to our President and his Governors is alien to our circumstances, not practicable nor sustainable and should be urgently jettisoned.

“Secondly, the President’s statement betrays a complete failure to understand that the COVID-19 pandemic is not just a health emergency but more appropriately a multi-sectoral challenge, with grave implications and threats to not just the public health but the livelihoods of citizens.

“So, to depend, as the President says he is going to do, only on the advices of the “scientific advisers” for the determination of whether and when to lift the restrictions on movements, is to say the least, most ill-advised.

“As experts in similar climes as ours have argued, complete lockdowns in and by themselves cannot and will not solve the challenges that COVID-19 has unleashed.

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“Indeed, the lockdowns themselves may even compound and worsen the incidence of both contagion and spread by, for instance, weakening the immune system through worsening malnutrition, the herding together of masses of people in congested residential spaces which is what you find in most of our cities and towns, and the overstretching of rudimentary health-care facilities and infrastructures.

“Thirdly, President Buhari’s Statement convinces us of the Government’s utter disregard and lack of appreciation of its own low executive capacity. For the President to talk and promise that the Administration is going to distribute lockdown palliatives to the most vulnerable, who largely live from day to day in the interstices of the informal sector of the economy, in the face of gross bungling of the government’s initial efforts in this direction, only goes to betray this disregard of existential realities.

“The Nigerian government [both Federal and States] lack the executive capacity to do these in a transparent and effective manner. To begin with, the database that will be used to determine who qualifies for such an intervention and support is just simply not there.

“Furthermore, the executive capacity to execute the distribution in an equitable, fair and even- handed manner has simply been shown not to exist. These have been seen in almost all the States that gave out palliatives to their citizens as well as the fairly-tale distribution of N20,000.00 each to 2.6million Nigerians in 4 days by the Federal Government which most people don’t believe”.

 However, Alhaji Falalu suggested a couple of answers to sorting out the management of the COVID-19 response strategy, which it said would be more suiting to the Nigerian circumstances and its people.

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In view of this, to allow for a more custom-designed Nigerian response, PRP suggested urgent and mass procurement of testing kits, investment into healthcare facilities and training on mass contacts tracing and provision of stimulus packages for the sectors of the economy that would be most hit by the outbreak.

His statement continues;

“Review the lockdown orders restricting movements with a view to relaxing them to allow citizens to go about earning their livelihoods in an orderly and supervised manner.

“Procure, subsidize and massively distribute face masks to the public and make the wearing of these compulsory in public spaces until the pandemic is over, urgently procure testing kits and make them widely available so that members of the community with individuals suspected of showing symptoms of the disease can have easy access for testing.

“Invest massively in the medical infrastructure and training for contact tracing of confirmed cases, their isolation and treatment, as well as the provision of protective gear for health workers, immediately prepare stimulus packages for sectors of the national economy which are going to be worst affected by the pandemic in the coming months, such as small-holder agriculture, small and medium enterprises, operators in the informal sectors of the economy and selected strategic industries.

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“Reopening of the public services while maintaining social-distancing in the work-place and commercial operations, stop the wasteful if not fraudulent texting by NCDC reported to have cost the Government over a billion naira and divert such scarce resource to building the much required testing centres in and out of towns and cities.

“Immediately probe the fairy tale distribution of N20,000.00 each to 2.6 million Nigerians in 4 days as a means of confirming what happened and as important strengthening the distribution capacity of the Ministry of Humanitarian Services and Disaster Management before engaging them to handle further distribution of palliatives to the needy Nigerian population.

“Liminate police and military brutality coming from the enforcement of the lockdowns reported to have cost across the nation more harm than COVID-19 and resort to counselling and even fine as seen in the jurisdictions we have borrowed our Covid-19 strategy”, the statement said.

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CBN Sells Polaris Bank To SCIL

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CBN Sells Polaris Bank To SCIL
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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.

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“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.”

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Media Intelligence agency Marks Six years of Operation in Nigeria

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Media Intelligence agency Marks Six years of Operation in Nigeria.
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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.

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It’s not too late for NASS to revisit e-transmission of election results – SAN

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By Gistflash News

Sept 26, 2021

A Senior Advocate of Nigeria (SAN), Mallam Yusuf Ali, says it is not to late for members of the  National Assembly to revisit the issue of  electronic transmission of election results to ensure credibility.
Ali, who made the remarks while speaking in an interview with newsmen on Sunday in Osogbo, said the more credible elections were, the less litigations they will attract.
The  News Agency of Nigeria (NAN) reports  that the Nigerian Senate had on July 16, passed the Electoral Act (Amendment) Bill, 2021, after division among its members on the electronic transmission of results.

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.

According to Ali, since INEC had assured that it had the capacity to transmit election ressults electronically, it should be allowed to do so.
“For me, it is not too late for the National Assembly to revisit the matter, since the INEC said it has the capacity to transmit election results electronically.
“The legislature should do that which will assist in ensuring credible elections,” he said.
Ali also urged politicians to desist from “do-or-die” politics, adding that the electoral system was too moneytised.
“One major problem with our politicians is this do-or-die politics and the moneytisation of the political process.
“That is why we see so many litigations in the political process. It is all because people see political offices as an avenue to run away from poverty and not for service.
“I have said it before, if you are given an assignment for two or four years and you do it diligently, you will not want a renewal, you will just want to go home,” he said.
NAN

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