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FULL TEXT: Tinubu speaks on economic reforms, new minimum wage in Democracy Day speech

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In his second Democracy Day speech as president, Bola Tinubu paid tribute to the heroes of Nigeria’s 25-year democracy. He also spoke on the clamour for a new minimum wage and defended his administration’s economic reforms.

 

Here is the president’s full speech.

1. My fellow Nigerians, let me begin by congratulating all of us for witnessing the celebration of another Democracy Day today, the 12th day of June 2024. This year also marks our nation’s 25 years of uninterrupted democratic governance.

 

2. On this day, 31 years ago, we entered our rites of passage to becoming a true and enduring democratic society.

 

3. Going through this passage was hard and dangerous. During the fateful six years that followed, we fought and struggled for our natural rights as human beings put on this earth by the divine hand of our Creator.

 

4. We lost great heroes and heroines along the way. In this struggle, the winner of the June 12, 1993 presidential election, Chief MKO Abiola, the most significant symbol of our democratic struggle, his wife, Kudirat, General Shehu Musa Yar’Adua and Pa Alfred Rewane, among others sacrificed their very lives.

 

5. They bravely surrendered their futures, so that our nation might have a better one.

 

6. Let us honour the memories of Chief Anthony Enahoro, Chief Abraham Adesanya, Commodore Dan Suleiman, Chief Arthur Nwankwo, Chief Chukwuemeka Ezeife, Admiral Ndubuisi Kanu, Chief Frank Kokori, Chief Bola Ige, Chief Adekunle Ajasin, Chief Ganiyu Dawodu, Chief Ayo Fasanmi, Chief Gani Fawehinmi, Chief Olabiyi Durojaiye, Dr. Beko Ransome-Kuti, Chima Ubani, and others who have transited to the higher realm.

 

7. The sacrifices of General Alani Akinrinade, Professor Bolaji Akinyemi, Professor Wole Soyinka, Chief Ralph Obioha, Chief Cornelius Adebayo, among many others, should never be forgotten. For at least six years, they bore the pains and difficulties of life in exile.

 

8. While the exiled pro-democracy activists kept the fire burning, their comrades at home sustained the pressure on the military brass hats. Among the latter are Olisa Agbakoba, Femi Falana, Abdul Oroh, Senator Shehu Sani, Governor Uba Sani, Chief Olu Falae, and other National Democratic Coalition leaders such as Chief Ayo Adebanjo and Chief Ayo Opadokun.

 

9. The sacrifices they made, and the precious gift brought about by their selfless devotion can never be repaid. Neither shall it be forgotten.

 

10. We could not have won the battle against military dictatorship without the irrepressible Nigerian journalists who mounted the barricades along with the pro-democracy activists. We celebrate them today, along with their media establishments such as The Punch, Guardian, National Concord, Tribune, The News/Tempo, and TELL Magazines. Military authorities proscribed these media establishments and jailed their journalists for standing for free speech and civil liberties.

 

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11. Despite the lethal might of the military government, what appeared to be high and unyielding walls of dictatorship came tumbling down. The dismal fortress exists no longer.

 

12. The power of an idea, the power of the people proved more potent than all the guns and munitions, and the threats of the strongmen.

 

13. The nation exited the yoke of military rule in 1999 to become the most populous democracy on African soil, the beacon of democratic self-determination for the black race and one of the largest democracies in the world.

 

14. This change stands as a pivotal moment in human history. From this change, we shall never turn, nor shall the annals of mankind’s progress forget the sublime meaning of this great moment.

 

15. Today, 25 years later, we celebrate the silver anniversary of our journey in democracy.

 

16. We have steadied the course.

 

17. Democracy is neither a foreign nor abstract concept devoid of real-life meaning for us. Neither can we afford to reduce or minimalise it to being nothing but the mere holding of periodic elections where one candidate and party outdo another.

 

18. While elections attract dramatic attention, they are but one aspect of democracy. Democracy is a way of life that encompasses a broad outlook of which elections are but a part. As such, a nation can have elections without being democratic. But a nation cannot be truly democratic without holding elections.

 

19. That we have established a tradition of holding transparent, open, and fair elections gives credence to our democratic bearing. That we have experienced peaceful transitions of government affirms our democratic temperament.

 

20. Fellow Nigerians, true democracy shines its light into the daily lives of the people who live under its nurturing wings. It affords us the freedom and liberty to think as we want, live where we want and pursue whatever legitimate endeavour that suits us.

 

21. Democracy does not assume some false or forced unity of opinion. In fact, democracy assumes that conflicting ideas and differing opinions shall be the order of the day. Given the diversity and variety of the human experience, there must be diverse perspectives and viewpoints.

 

22. What democracy demands is that we do not resolve differences through force and repression. But we make allowance for the legitimacy of views that differ from our own.

 

23. Where other forms of government impose against the will of the people, democracy aims to make leaders sufficiently humble that they conduct themselves as servants of the common good, not as viceroys of the narrow interests of the mighty.

 

24. My dear compatriots, Nigeria faced a decision of untold gravity twenty-five years ago: Whether to veer toward a better destination or continue aimlessly in the fog of dictatorship.

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25. We made the right choice then. We must continue with that choice now.

 

26. As Nigerians, we must remind ourselves that no matter how complicated democracy may be, it is the best form of governance in the long run. We must also be aware that there are those among us who will try to exploit current challenges to undermine, if not destroy, this democracy for which so much has already been given.

 

27. These people do this not to make things better but to subject all other people and things to their control and dominance until the point that, if you are not counted among their elite, then your life will be small and no longer owned by you.

 

28. This is the great battle of our day and the major reason we specially celebrate this Democracy day.

 

29. Fellow Nigerians, our Democracy is more than a historic fact. It is a living, breathing reality.

 

30. The true meaning of this day is not to focus solely on the great deeds of the past that have brought us to this point.

 

31. Yes, we pay eternal honour to those who laid down their lives, sacrificing everything to pave the way for the nation.

32. I stand uniquely placed in this regard. I was among those who took the risk to midwife the birth of our democracy. I am now a direct and obvious beneficiary of the fruits of those historic efforts.

 

33. As president of this nation, I am morally and constitutionally bound to preserve this precious form of governance. I vow to do my utmost best to protect your rights, freedoms, and liberties as citizens of Nigeria.

 

34. Even more than that, I pledge to do whatever is necessary to cement democracy as our way of life.

 

35. Although the challenges are steep and multiple, I am grateful to lead Nigeria at this moment in her history and point in her democratic journey.

 

36. I come before you also to declare that our most important work remains before us. This real test has never been whether we would rise to challenge the slings of misfortune and grievous pain of dictatorship.

 

37. The real test is whether we shall lower our guards as the shadow of despotism and its evident physical danger fade.

 

38. I say to you here and now that as we celebrate the enshrinement of our political democracy, let us commit ourselves to the fulfilment of its equally important counterpart, the realisation of our economic democracy.

 

39. I understand the economic difficulties we face as a nation.

 

40. Our economy has been in desperate need of reform for decades. It has been unbalanced because it was built on the flawed foundation of over-reliance on revenues from the exploitation of oil.

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41. The reforms we have initiated are intended to create a stronger, better foundation for future growth. There is no doubt the reforms have occasioned hardship. Yet, they are necessary repairs required to fix the economy over the long run so that everyone has access to economic opportunity, fair pay and compensation for his endeavour and labour.

 

42. As we continue to reform the economy, I shall always listen to the people and will never turn my back on you.

 

43. In this spirit, we have negotiated in good faith and with open arms with organized labour on a new national minimum wage. We shall soon send an executive bill to the National Assembly to enshrine what has been agreed upon as part of our law for the next five years or less.

 

44. In the face of labour’s call for a national strike, we did not seek to oppress or crack down on the workers as a dictatorial government would have done. We chose the path of cooperation over conflict.

 

45. No one was arrested or threatened. Instead, the labour leadership was invited to break bread and negotiate toward a good-faith resolution.

 

46. Reasoned discussion and principled compromise are hallmarks of democracy. These themes shall continue to animate my policies and interaction with the constituent parts of our political economy.

 

47. I take on this vital task without fear or favour and I commit myself to this work until we have built a Nigeria where no man is oppressed.

 

48. In the end, our national greatness will not be achieved by travelling the easy road. It can only be achieved by taking the right one.

 

49. The words of the American President Franklin Roosevelt certainly ring true:

 

” There are many ways of going forward. But only one way of standing still”!

 

50. We dare not slumber lest the good things awaiting our immediate future pass us by. We dare not plant our feet in idle standstill in the middle of the intersection of hope and despair.

 

51. We know the proper way forward and we shall take it!

52. The initial rays of a brighter tomorrow now appear on the early horizon. An abundant future and our capacity to achieve that future lie within our reach. Democracy and the institutions it begets offer to take us to our profound destination.

 

53. Let us board this progressive train together. Together, let us move Nigeria forward.

 

54. Let’s continue to keep the fire of democracy burning. Let’s keep the torch lit for generations to come.

 

55. May God continue to bless the Federal Republic of Nigeria and preserve our democracy.

 

56. I wish us all Happy Democracy Day.

PRESIDENT BOLA AHMED TINUBU

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Rivers Crisis: Police declare ex-militant leader ‘General Asabuja’ wanted

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The Rivers state Police authorities have declared a former Niger Delta militant leader Gabriel ‘General’ Asabuja wanted.

 

The Rivers State Commissioner for Police Tunji Disu said this on Monday when he appeared on Channels Television’s Politics Today.

 

Asabuja was seen in a viral video making some strong comments amid the local government council crisis rocking Rivers State.

 

But Disu has condemned the action, saying, “That video caused a lot of panic in the state. It gives a lot of concern to everybody even out of the state. I want to assure you that we are not going to take kindly to that. We have put actions in motion. We would get him at the appropriate time. We have gotten a lot of people of his kind.

 

“You cannot prepare a video and start firing and threatening people not to move around and do what they are expected to do in town and expect the police will fold their hands. We are working towards it. We have invited him and he does not want to come but we will do what we want to do. We are looking out for him.”

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“He is wanted. That is correct,” the Rivers State Commissioner said on the current affairs show.

 

Crisis Rocks Rivers
River State has been embroiled in crisis since late last year following a fallout between Governor Sim Fubara and his predecessor Nyesom Wike.

 

The latest in the trend is the crisis over the leadership of local government councils. The tenure of the chairpersons, their deputies, and councilors ended earlier in the month, prompting Governor Fubara to swear in a caretaker committee.

 

That move did not go well with Wike’s loyalists who claim the governor’s action was wrong. There have been protests, claims, and counter-claims since then.

 

But police authorities in the state have warned against violence, saying they are ready to deal with anyone who foments trouble in the state.

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FEC approves N1.99bn to boost NDLEA’s operations

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The federal executive council (FEC) has approved N1.99 billion for the purchase of 33 vehicles powered by compressed natural gas (CNG) to boost the operations of the National Drug Law Enforcement Agency (NDLEA).

 

The council gave the approval on Tuesday at its meeting presided over by President Bola Tinubu in Abuja.

 

Speaking with State House correspondents after the meeting, Lateef Fagbemi, the attorney-general of the federation (AGF) and minister of justice, said the council also approved the procurement of firearms and ammunition worth $1.442 billion to strengthen the NDLEA’s fight against drug trafficking.

 

Fagbemi said the FEC approved N985 million to purchase body scanners at all the country’s international airports.

 

“We submitted three items to the council on NDLEA,” he said.

 

“FEC approved the procurement of 33 Mikano motor vehicles CNG to boost the operation of NDLEA.

 

“Approval for NDLEA for procurement of firearms, ammunition, and counter-narcotics for the sum of $1.442 billion

“The procurement of two units of body scanners for use both at Abuja and International Airports at N985 million.”

READ  May 29: Tinubu orders low-key celebration of first anniversary

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Court orders final forfeiture of fresh $1.4m linked to Emefiele

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The Federal High Court, sitting in Lagos has ordered the final forfeiture to the Federal Government, of the sum of $1.4 million, linked to a former Central Bank of Nigeria (CBN) Governor Godwin Emefiele.

 

Justice Ayokunle Faji gave the order after hearing an application filed and argued by the Economic and Financial Crimes Commission (EFCC).

 

This order is coming a few days after another judge of the same court, Justice Chukwujekwu Aneke, ordered the final forfeiture of over N12.18bn in money and properties linked to the same Emefiele.

 

At Tuesday’s proceedings, counsel to the EFCC, Bilkisu Buhari-Bala, urged Justice Faji to grant the final forfeiture order of the money, domiciled in an account number in Titan Trust Limited, to the Nigeria government.

 

The EFCC counsel told the court that the application is pursuant to Section 17 of the Advance Fee Fraud and Other Fraud-related Offences Act No. 14 2006, and section 44 (2)(B) of the 1999 Constitution of the Federal Republic of Nigeria.

 

Buhari also told the court that the application for the final forfeiture of the said sum has been established to be proceeds of unlawful activities.

 

The applicant was supported by an affidavit deposed to by one David Jayeoba, an Investigating Officer with the EFCC, alongside a written address.

 

In the affidavit, the deponent stated that his Commission received credible and direct intelligence which led to the tracing of funds reasonably suspected to be proceeds of unlawful activities, warehoused in the Donatone Limited (DL) Titan Trust Bank account, which funds are reasonably suspected to be part of proceeds of unlawful activities.

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He said that the Commission, whilst investigating the monumental fraud carried out by the erstwhile CBN governor and his cronies, discovered a huge amount of money warehoused and concealed in the account of (DL) domiciled in Titan Trust Bank. According to him, some of the brains behind the fraudulent concealment of funds reasonably suspected to have been proceeds of unlawful activities of Emefiele are the natural persons behind DL: Uzeobo Anthony and Adebanjo Olurotimi who are directors of DL.

 

The deponent also stated “that part of the said funds, which represent the proceeds of Godwin Emefiele and his cronies’ unlawful activities, are retained in the accounts now sought to be forfeited.

 

“That Uzeobo Anthony and Adebanjo Olurotimi were procured by Godwin Emefiele to conceal, retain, and disguise funds reasonably suspected to be proceeds of unlawful activities.

 

“Between 2021 and 2022, when accessibility to Forex in Nigeria was difficult, several international entities operating in Nigeria had to resort to different means to source Forex.

 

“That both Uzeobo Anthony and Adebanjo Olurotimi used to collect bribes and gratification on behalf of (GE) to get approval for accessing Forex. And that one of the entities paid a total sum of twenty-six million five hundred and fifty-give thousand million Dollars ($26,552,000.00) into the account of (DL) domiciled in Titan Trust account number 2000000500.

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“The said credits came into the account on the 9th of November 2021: $6,450,000; 15th of November 2021: $6,050,000.00; 16th of December 2021: $5,400,000.00; 23rd of December 2021: $652,000, 31th January 2022: $3,000,000.00 and on the 21st September 2022: $5,000,000.00. Find attached and marked EFCC 1 the Titan Trust bank account of Donatus Limited evidencing the inflows.

 

“The investigation traced the funds to having been fixed into interest-yielding accounts, dissipated and laundered through a foreign account in Mauritius, and transported back to Nigeria under disguise.

 

“That of the total sum of $26, 555, 000.00 US dollars received by Donatus Limited, the balance standing in the said account as of today is the sum of one million four hundred and twenty-six Thousand one hundred and seventy-five (US $1,426, 175. 14).

 

“That it is the balance in the account that the applicant (EFCC) seeks to forfeit to the Federal Government of Nigeria which has been traced to be the proceeds of unlawful activities of (GE) and his cronies.

 

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“That investigation further revealed that the international entities sourcing for forex were pressured into parting with huge funds to access forex during the period. And that the signatories to the account warehousing the sum of ($1,426, 175.14) sought to be forfeited are at large and are making frantic efforts to dissipate the funds electronically.

 

“Based on our investigation findings, the funds sought to be forfeited are proceeds of unlawful activities of Godwin Emefiele and his cronies. And that the applicant secured an interim forfeiture order of the Honourable Court on the 29th day of May 2024 to forfeit the sum of $1, 426, 175.14 warehoused in Titan Trust Bank to the Federal Government of Nigeria in the interim. Attached and marked EFCC 3 is the Honorable Court’s order dated 29th May 2024.

 

“The Honorable Court ordered that the order be published in a national daily. The said order was carried out and the applicant published the order in the Punch Newspaper on the 6th of June 2024. Attached and marked EFCC 4 is the said order.”

 

In ordering the final forfeiture of the money after listening to the submission of the EFCC lawyer, the court held that: “having been satisfied with the application and submission of Counsel, I hereby granted the prayer finally forfeiting the said funds in question.”

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