Tinubu’s colloquium: Why we must avoid war — Buhari
Spread the love
President Muhammadu Buhari said Nigerians are better and stronger together in the entity called Nigeria, noting he defended the unity of the country as a soldier during the civil war between 1967 and 1970.
President Muhammadu Buhari said Nigerians are better and stronger together in the entity called Nigeria, noting he defended the unity of the country as a soldier during the civil war between 1967 and 1970.
The President spoke virtually from Aso Villa as chairman of the 12th Bola Tinubu Colloquium, “Our Common Wealth: The Imperative of National Cohesion for Growth and Prosperity’’, to celebrate the 69th birthday of All Progressives Congress chieftain, Asiwaju Bola Tinubu, in Kano.
He spoke against the backdrop of calls by groups and individuals for secession in different parts of the country.
While the Aare Ona Kakanfo of Yorubaland, Iba Gani Adams, Sunday Adeyemo, also known as Sunday Igboho, and other individuals and groups are calling for creation of Oduduwa or O’Odua Republic, the Indigenous People of Biafra, IPOB, and its leader, Nnamdi Kanu, as well as Niger Delta ex-,militant leader, Asari Dokubo, are agitating for a Biafran Republic.
Buhari’s declaration also came on a day Iba Gani Adams said the clamour for Oodua Republic is long overdue, adding that the call for self-determination is a true reflection of the present mindset of all Yoruba sons and daughters in the diaspora.
Advertisement
Similarly, a coalition of over 174 Yoruba groups in Diaspora, Yoruba One Voice, YOV, restated its avowed commitment to the actualisation of O’odua Republic, saying the call for self-determination remains the last option for the Yoruba nation.
But the Chief of Army Staff, Lt. Gen Ibrahim Attahiru, vowed yesterday that under his watch, the Nigerian Army will be resolute in dealing decisively with any and every threat confronting the country.
Nigerians better, stronger together — Buhari
Speaking at the colloquium also virtually attended by the Vice-President, Yemi Osinbajo; House of Representatives Speaker, Femi Gbajabiamila; Senate President, Ahmad Lawan; among others, whose flights to Kano were disrupted by poor weather, President Buhari said the theme of the occasion was suitable for the contemporary issue of secession and national unity in the country.
He said: “Despite occasional inter-ethnic tensions in our national history, it seems to me that we have all agreed on one point , that notwithstanding our diversity or ethnicity, culture, language and religion, Nigerians are better, even stronger together.
Advertisement
“Asiwaju (Tinubu) himself is a known advocate of unity and cohesion in Nigeria. This has been a constant factor in his outstanding political career from the time he served in the short-lived Senate in the Third Republic to his involvement in the struggle for the actualisation of the June 12 mandate of the late Chief MKO Abiola to his much acclaimed years of service as the governor of Lagos State from 1999 to 2007.
“I can also relate personally to the ideals of One Nigeria. As a military officer, I have served with great comrades from all the nooks and crannies of our country.
“In the course of my career, I have also been opportuned to serve in all parts of Nigeria, seeing first-hand the enticing possibilities of a strong, united nation.
“More importantly, I fought for the unity of Nigeria during the civil war – 1967 to 1970, and I saw first-hand the unspeakable horrors of war, not just from fellow soldiers from both sides but from civilians, innocent children, women and the elderly left behind.
“As we all know, the peace-keeping recovery and reconstruction that followed could also not have succeeded under an atmosphere of inter-ethnic animosity. We must count our blessings in Nigeria and see in them the crucial factors of peace and unity.”
Advertisement
He said: “By this gesture governor Ganduje has helped us to tell two stories; this is the first time that the colloquium is being hosted outside Lagos and Abuja, the capital city.
“And it is befitting that Kano should be that place, this city of radical and progressive ideas and ideologies, a city whose leading political lights have been left of centre, which is the dominant tendency within our great party the APC.
“Second, it helps us to underscore the point that this country and its people are stronger and more powerful together than apart. For the purveyors of breaking up into small components/countries, perhaps they should be reminded that we would not have been able to accept Governor Ganduje’s offer to come to Kano at short notice since we would all have needed visas to come to Kano.”
The Vice President called for a new set of Nigerians across all divides who are committed to a country operated on high values integrity, justice, love, among others.
He said: “We believe that we now have an opportunity to increase the numbers of a new tribe of Nigerians; a tribe of men and women of all faiths, tribes and ethnicities committed to a country run on high values of integrity, hard work, justice, and love of country.
Advertisement
“A tribe of men and women who are prepared to make the sacrifices and self-constraints that are crucial to building a strong society; who are prepared to stick together, fight for equity, and justice side by side.
“A tribe consisting of professionals, businessmen, politicians, religious leaders, and all others who believe that this new Nigeria is possible and already we have built and are building the building blocks for this new Nigeria.”
Prof. Osinbajo extolled the leadership style of the former Lagos state governor, saying that central to that style is; first a belief that development, economic, social, political development depends on enabling a contest of ideas.
He opined that, “Whether that is within a political party or its caucuses, a cabinet meeting or even just thinking through a problem.
“By exposing his thoughts and ideas constantly to debate and contestation, he refines his views constantly and is at the cutting edge of issues as varied as artificial intelligence, vaccines, to even what sort of legal processes or arguments should be filed in a matter in court!
Advertisement
“I remember once when he was suggesting to me that he thought it was better that we should contest jurisdiction in a particular case and so many other times when he had introduced his own legal thoughts to a matter. I have had to keep reminding him that he is not a lawyer! And I am sure others have had to remind him several times that he is not many different things.
“Second, and perhaps more importantly, because he is not afraid of having his ideas scrutinized, criticized by even subordinates, he is able to lead a vast array of persons of strong, deeply held convictions, and a variety of ideologies.
“The third in that leadership style is that he is completely comfortable engaging across ethnic, religious, and partisan divides.
“It is his belief that national development is only possible where we, the leaders are constantly interrogating ideas, perspectives, and opinions which are what led some of us who worked with him through the years, to formalize our constant debates so that on his birthday we open up discussions on some issues or issues of national importance.”
He observed the latest Tinubu Colloquium came at a time when a combination of challenges worsened by the fallouts of a global pandemic has created a storm of socio-economic problems.
Advertisement
“The default mode of some at times like this is to stoke tendencies viewpoints and opinions that threaten the federation and our unity,” he lamented.
The Nigerian Exchange (NGX) closed trading on Tuesday in green to halt the six-day consecutive bearish trend with a marginal growth of N3 billion.
The market upturn was due to investors’ renewed buying interest in the financial and industrial sectors.
Consequently, the market capitalisation inched higher by N3 billion or 0.01 per cent to close at N20.278 trillion from N20.275 trillion achieved on Monday.
Also, the All-Share Index grew by 4.88 points or 0.01 per cent to close at 38,920.50 against 38,915.62 on Monday.
The market positive performance was driven by price appreciation in large and medium capitalised stocks which are; UACN, Dangote Sugar Refinery, Africa Prudential, Oando and University Press.
Analysts at Afrinvest Limited said that “In the next trading session, we anticipate a negative performance as market remains short of a positive catalyst.”
However, the market breadth closed negative recording 21 losers as against 14 gainers.
UACN Property Development Company led the gainers’ chart in percentage terms by 9.93 per cent to close at N1.66 per share.
Academy Press followed with 8.33 per cent to close at 39k, while Courteville Business Solutions appreciated by 7.41 per cent to close at 29k per share.
Vitafoam went up by 3.88 per cent to close at N17.40, while Livestock Feeds appreciated by 2.88 per cent to close at N2.14 per share.
On the other hand, Sovereign Trust Insurance led the losers’ chart in percentage terms by 7.41 per cent to close at 25k per share.
University Press followed with 6.42 per cent to close at N1.02, while Regency Alliance Insurance shed 6.25 per cent to close at 45k per share.
UACN lost 4.85 per cent to close at N9.80, while Chams declined by 4.55 per cent to close at 21k per share.
Meanwhile, the total volume rose by 13.6 per cent to 228.48 million shares worth N1.88 billion traded in 3,376 deals.
This was in contrast with 201.10 million shares valued at N2.53 billion achieved in 3,340 deals on Monday.
Transactions in the shares of Wema Bank topped the activity chart with 46.76 million shares worth N35.97 million.
Access Bank followed with 28.24 million shares valued at N263.49 million, while United Bank of Africa sold 17.77 million shares worth N135.08 million.
Mutual Benefits Assurance traded 17.24 million shares valued at N4.88 million, while Fidelity Bank transacted 14.80 million shares worth N36.07 million.
Fidelity Bank Plc has posted a profit before tax (PBT) of N20.6 billion for the six months ended June 30, 2021.
The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs Nneka Onyeali-Ikpe, disclosed this in the bank’s audited half-year (H1) results released to the Nigerian Exchange (NGX) Limited on Sunday in Lagos.
Onyeali-Ikpe said that the bank’s PBT represented a 72.4 per cent growth when compared to N12.0 billion recorded in the comparative period of 2020.
She added that profit after tax (PAT) rose to N19.31 billion from N11.30 billion recorded in the corresponding period.
She said the growth was on the Back of Increased customer transactions and improved operational efficiency.
“We sustained our impressive financial performance with double-digit growth in profit as increased customer transactions drove non-interest revenue while improved operational efficiency continued to moderate cost-to-serve,” she said.
Onyeali-Ikpe also said that the financial result for the period indicated that Gross Earnings increased by 6.2 per cent Year-on-Year (YoY) to N112.3 billion on account of 27.8 per cent growth in Non-Interest Revenue (NIR) to N23.8 billion from N18.1 billion in H1 2020.
She added that the bank’s NIR was driven by strong growth in commission on banking services by 57.7 per cent, account maintenance charges by 50.6 per cent, digital banking income by 49.4 per cent and trade income by 33.7 per cent among others.
Total customer induced transactions across all distribution channels increased by 58.0 per cent YoY and 21.2 Per cent QoQ.
The bank showed a good appetite in funding the real sector with net loans and advances increasing by 15.8 per cent YTD to N1.53 billion from N1.32 billion in 2020FY.
However, the actual growth was 14.7 per cent while the impact of the currency adjustment (2020FY: N400.3/dollars-H1 2021: N410.6/dollars) accounted for a 1.1 per cent YTD growth in the loan book. Cost of risk came in at 0.3 per cent and the NPL ratio (stage 3 loans) dropped to 2.8 per cent from 3.8 per cent in 2020FY.
Other regulatory ratios remain well above the minimum requirement: capital adequacy ratio at 18.8 per cent from 18.2 per cent in 2020FY.
Total Deposits increased by 16.5 per cent YTD to N1.98 billion from N1.69 billion in 2020FY, driven by increased deposit mobilisation across all deposit types.
“Digital Banking gained further traction as we now have 55.1 per cent of our customers enrolled on the mobile/internet banking products and 89.3 per cent of customer-induced transactions were done on digital platforms.”
She also explained that the bank’s foreign currency deposits increased by 23.1 per cent YTD at 149 million dollars and now accounted for 18.5 per cent of total deposits from 17.5 per cent in 2020FY.
According to her, this is as the bank continues to harness the benefits of its renewed drive in the diaspora banking space.
“We look forward to sustaining the current momentum in H2 by optimising our balance sheet and lowering our cost–to–serve.
“This will translate to improved earnings while we remain committed to our medium to long-term strategic objectives,” Onyeali-Ikpe said.
The Central Bank of Nigeria (CBN) has warned Deposit Money Banks (DMBs) to always observe due diligence and desist from all forms of malpractices in foreign exchange (FX) transactions.
The apex bank gave the warning in a letter by Ozoemena Nnaji, Director of Trade and Exchange Department, addressed to the DMBs.
Nnaji urged the banks to, not only ensure to know their customers, but also to know their customers ‘ businesses.
She said the directive was necessitated by recent occurrences in the FX market.
“The CBN wishes to remind all banks that it is their responsibility to not only know their customers (KYC requirements) but also know their customers’ businesses (KYCB requirements).
“Given this responsibility , and in view of recent occurrences in the market, the CBN will like to remind banks to desist from all forms of FX malpractices.
“We wish to reiterate that FX operating licences of any bank or banks that are found culpable with ongoing investigations will be suspended for at least one year,” the director said.
She urged all the DMBs concerned to take note and ensure compliance. (
Spread the loveThe 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 […]
Spread the loveDarren Bent, a former Charlton, Tottenham and Sunderland striker, has suggested that the end of Cristiano Ronaldo has come at Manchester United. The former England man said he sees no way the former Real Madrid star can […]
Spread the loveUnknown gunmen in the early hours of Wednesday attacked a police station located in Atani, the headquarters of Ogbaru Local Government Area of Anambra State. It was gathered that the gunmen launched the attack on the police […]
Supreme Court Affirms Six-Year Jail Term For Former Director Of Pensions, John Yakub The Supreme Court has affirmed the six years imprisonment imposed on a former Federal Director of Pensions, Mister John Yakubu, and also ordered him to refund […]
Spread the loveMedia 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 […]