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Africa Akinwunmi Adesina (AFDB): Any conspiracy from the Western Block? By Jimoh Ibrahim OFR, CFR

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Please wait a minute; it is about corporate governance! Yes, in a simple bank matter, and what is more, as Wolfensohn will say, corporate governance is about promoting corporate fairness, transparency, and accountability. Every day we keep struggling on which of the rules of ethics or governance will secure corporate sustainability and profitability. The strategy is unending from its trajectory from the 1776 Adam Smith “it is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own self -interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessity but of their advantages” In 1932 we were inodiated with the corporate governance of Berle and Means, which centered on the separation of ownership from the control that produces a condition where the interest of the owner and ultimate manager may, and often do diverge. Or desire to maximized shareholders’ value. And, could this be the desire of the Western block interest in AFDB? We are no longer in the 1980 days of mergers and acquisitions. Or, Junk Bonds and poison pills no one is interested in selling her shares in AFDB. (at least I do know that the Nigeria shares is not for sale!) it may be that the 1900 rise of institutional investors is the thinking of Donald Trump on corporate governance as a businessman. The challenge with an institutional investor is the high cost of monitoring and the free-rider problem, liquidity versus dialogue, who own the institutional investor share, and who is the ultimate beneficiary of the shares in the end? Or the challenge of the company versus index investing, effective market hypothesis, portfolio diversification. Will individual action make a difference concerning AFDB ethical issues? Or a case of rationale apathy or outright apathy ignorance, and what is the active oversight of the US going to add any value to AFDB? We left those issues to the events of the 1990s. A new challenge to corporate governance in the 2000s was the case of activism, and Hedge Funds and Private equity—the 2010 issues of pooled Funds and stewardship cannot be wholly left out since trust is of a challenge. In 2020 we are not even sure what response to corporate governance will be with COVID 19. The problems of managing corporations from home include presenting an integrated fiduciary relationship between the management and the Board at a time when the Directors can be held responsible for the management’s actions, and defense of I did not do what the management did can no longer stand! Liberalism has a way of making everyone wealthy from the absolute gain advantage through collective action. The assurances of collective resources to pursue share gains so is the West, NATO, and North America Free Trade Agreement (NAFTA). It is against such authoritarian regimes that liberalism thinks, liberals will not go into war against one another, and the principle of collectivism and collaboration is in the best interest of economic harmony. Yes, the democratic peace theory and the campaign for the establishment of the liberal domestic democratic Government worldwide. The US will not buy Nigeria oil, yet we are hoping for wealth creation among two liberals with absolute gains and collective interest. The US may cross the border to control Nigeria’s investment in AFDB and wishing to remove the Nigerian elected president in a bank in which Nigeria has the highest interest. Is the relative gains principle of liberalism in international units strengthen US interest against Nigeria? The US aims at spreading liberal democracy that widening the zone of peace inhabited by world democratic states. Yet, the US is questioning the Nigerian appointment and praxis of a Nigerian bank president in a bank in which Nigeria has the highest shares! What is more of a nonsensical or absurd idea or talk of a President of AFDB asking to explain why he employed a female staff? He favors the highest shareholder, why his personal team is known to him before resuming to work, what he has to say about a staff that proceeded on medical leave on health ground after the bank physician-approved a health leave for him. What a nonsense. And notwithstanding the clearance from the Board room, a ‘powerful’ shareholder wants independent probe of the nonsense allegations! In global governance, the US can violate global governance principles without question; all she needs to say is that she is doing so on a humanitarian grant! Adesina, a Human being need not have an altruistic feeling so conceived the US. If he invites a colleague who both of them made first class in the university to work with him, then the US must trump up a limited war at least for a start. The US power as a hegemon cannot be challenged. (yet international society is anarchic in the sense that there is no central Government) At least without the UN resolution, the US invaded Iraq for violation of the UN directives for ten years. Where did the US get the authority to invade Iraq? Never worry, it is all about providing stability as hegemon to the new world, (But the US does not give central Government for the global society) Who invade Panama in the face of article 2 (4) and (7) of the UN chapter? It all in the protection of global governance principles. (maybe.) In Nigeria, out of the list of liberal states? Alexander Dumas ‘all for one and one for all’ now comes to the unwillingness of other western nations to protect Nigeria in the face of the US launch of the attack on Nigeria as one significant investment in Africa’s continent. Where did we go wrong! The US indeed must be a powerful country battling so many issues at the same time. From the challenges of power shift, the WHO imbroglio, the debt crises, outdating infrastructure, and more importantly, COVID 19 and now to Femi Adesina query to explain why he employed Nigerians and allow a sick director to go on leave at AFDB. Also, less I forget why he employed his personal staff like the chief of staff from people he already knows!! There is no specific allegation on fraud yet. The US is about launching a limited war in AFDB. Again, will the war be not, however, absolute? If what is left from the remains of liberalism is anything relevant from the battle of COVID19 to Africa Development Bank (AFDB), then America will soon remember Winston Churchill golden worlds ‘to jaw jaw is always better than to war war! At least after the upcoming August re-election of Akinwunmi Adesina. Yes, liberalism is all about collaboration, collectivism, and interdependence. It is all about the harmony of interest. No one will forget too soon that liberalism is a normative theory that has its own phenomenon of what ought to be rather than what it is. And, it is not contending the fact that there are specific regulations in respect of what is in the procedural setting of AFDB rather than what it ought to be. The processes and procedures of the African Development Bank are not for reforms (at least for now).

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The US should be applying the procedure after the change, not using what ought to be as Yasick for today’s judgment. For unjust orders are inherently unstable because they invite rebellion by the people they oppress. We say that liberal theory is often prescriptive, recommending specific policy for just order not in the content of what is established to be known to us as AFDB rules of ethics coded and written praxis.

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Call EFCC to order, Nigeria is not a lawless country – Yahaya Bello Media Office

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Confusion as EFCC names ex-Kogi Gov in amended corruption allegations perpetrated before he became Governor

Call EFCC to order, Nigeria is not a lawless country – Yahaya Bello Media Office

 

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About 9:30 am today, the 17th day of April 2024, persons who described themselves as officers of the Economic and Financial Crimes Commission (EFCC) arrived the Wuse Zone 4 Residence of His Excellency, Alhaji Yahaya Bello to effect his arrest.

This is despite a subsisting Order of injunction granted on 9th February 2024 by the High Court of Justice, Lokoja Division in Suit No. HCL/68M/2024 between Alhaji Yahaya Bello v. Economic and Financial Crimes Commission, restraining the Commission either by itself or its agents from harassing, arresting, detaining or prosecuting Alhaji Yahaya Bello, pending the hearing and determination of the substantive fundamental rights enforcement action.

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The EFCC was duly served with that Order on 12th February 2024 and on 26th February 2024; the EFCC filed an Appeal (Appeal No.: CA/ABJ/CV/175/2024: Economic and Financial Crimes Commission v. Alhaji Yahaya Bello) against the said Order to the Court of Appeal Abuja division. The Appeal was accompanied by a Motion for Stay of Execution of the Order of the High Court which the Court of Appeal adjourned for hearing till the 22nd day of April 2024.

Furthermore, Judgment in the substantive case between Alhaji Yahaya Bello and the EFCC is to be delivered at 12 Noon today in Lokoja.

Contrary to all of the above, the EFCC has now laid siege to the home of H.E Yahaya Bello seeking to arrest him in contravention of the extant orders!

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It is a surprise that an agency led by a lawyer could flagrantly disobey a subsisting court order by taking actions contrary to the reliefs granted.

We are aware of the total commitment of the current administration of President Bola Ahmed Tinubu to the rule of law and can say categorically that the leadership of the EFCC might have offered the agency on a platter of gold to desperate politicians to convert to their score settling tool without minding the effect on its integrity and the image of Nigeria as regards the rule of law.

A situation where law enforcers disregard the rule of law is a definite recipe for anarchy, which will adversely affect every aspect of the nation’s economy.

Nigerians have perceived the desperation of the anti-graft agency to embarrass and harass the former Governor by all means through spurious allegations, especially the latest one dating back to September 2015, way before he assumed office.
We are aware that there are clandestine moves to correct the error, but with even more questionable allegations, which would embarrass the Commission and Nigeria more than the initial one.
It is unfortunate that an agency that is supposed to enforce the law is now the first culprit with respect to disobedience of court orders.
This is a big dent on the fight against corruption. He who comes to equity must come with clean hands.

We call on President Bola Ahmed Tinubu to call the EFCC to order in the interest of legal sanity.

MEDIA OFFICE
HE YAHAYA BELLO

 

Call EFCC to order, Nigeria is not a lawless country - Yahaya Bello Media Office

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PRESIDENT TINUBU’S APPOINTEES FROM THE NORTH MUST TAKE A STAND

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PRESIDENT TINUBU’S APPOINTEES FROM THE NORTH MUST TAKE A STAND

Following my position on the recent attack on the administration of President Bola Ahmed Tinubu by a spokesman of the Northern Elders Forum, it has come to my attention that Dr. Hakeem Baba-Ahmed who once served as the Spokesperson of the group and currently a Special Adviser on Political Matters in the Presidency took to his page on it to express a different position.

Dr. Baba-Ahmed declared that my stand against the unjust attack against the new administration of President Tinubu that is working very hard to reposition our country for better as ‘ill-advised’. He suggested I could have done a better job in my defence of the administration where I have the rare honour to serve as a Minister.

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Dr. Baba-Ahmed’s relationship and or affinity with Northern Elders’ Forum is well-known. The fact now is that he is an appointee of the administration as Special Adviser. Any committed official of the administration has a duty to work for the success of the government he is a part of, protect and defend the government against unjust and undue attack from those who hide under ethnic and other primordial interests to heat up the polity.

It is more important to state that every appointee of President Tinubu including Dr. Baba-Ahmed owe the government a duty to promote and advance the good work and commendable efforts of the government across all sectors.
As appointees of the government from the North, we must all take a stand, be unequivocal in our support and work for the success of the administration we are serving. This is not the time to dither and waiver. We must stand up to be counted for the government or take our exit.

Bello Matawalle
Minister of State for Defence

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April 15, 2024

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Sen Moallayidi: The untold story of Adamawa born politician who introduced Facility Management course in ABU By Dr Salihu Mohammed Lawal

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Sen Moallayidi: The untold story of Adamawa born politician who introduced Facility Management course in ABU By Dr Salihu Mohammed Lawal

 

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Sen Moallayidi: The untold story of Adamawa born politician who introduced Facility Management course in ABU

By
Dr Salihu Mohammed Lawal

 

 

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In the different spheres of life there exist quintessential Nigerians who have silently achieved fame and glory without making noise about such feat; rather preferring to remain silent while still creating waves and continuing to bestrode the landscape with ingenuity that breaks new grounds.

 

Sen Moallayidi: The untold story of Adamawa born politician who introduced Facility Management course in ABU

By
Dr Salihu Mohammed Lawal

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Sen. Ahmad Abubakar MoAllahyidi is one of such great Nigerians, who represented Adamawa southern Senatorial District in the Senate between 2015-2019 comes readily to mind. A fellow of the Nigerian Institute of Quantity Surveyors, a Certified Public Private Partnership Professional (IP3,Washington DC) also holds a Facility Management Professional (FMP) of (IFMA,USA). Moallayidi is a 1980 graduate with a Bachelor of Science Degree with Honours in Quantity Surveying and an Masters Degree in Construction Management.

This amiable gentleman in the year 2010, pioneered the designed and institutionalization of a facility management course in Ahmadu Bello University Zaria (ABU). He single handedly served as the sole lecturer for it (Post graduate studies in Facility Management ABU). His pioneering efforts were the basis for having facility management courses in Nigerian Universities.

The None serving Senator is an accomplished professional in managing facilities, resources and humanity is leading the private company called Integrated Facility Management Services Ltd among other endeavors that handled some of the most complex facility management services in Nigeria. These facilities include; Management and improvement of the Abuja International Conference Center (ICC) Management of Eagle Square Abuja Kaduna International Trade & Investment Centre, Kaduna (1997-2010). Murtala Mohammed Square Kaduna,and Nigerian Export and Import Bank, Abuja. He also managed Petroleum Trust Fund (PTF) Headquarters & Residential Quarters in Abuja, Presidential Complexes in Lagos (Dodan Barracks and State House, (Marina) and Nigerian Army Strategic Bulk Storage Facility in Enugu.

The Rehabilitation and start-up operations of Health and Medical Industries Jos, a company specializes in the manufacture of cotton wool, bandages and gauge.

MOALLAYIDI AS A MEMBER OF VARIOUS PROFESSIONAL BODIES AND ASSOCIATIONS

Senator Moallayidi is an acumen of managing facilities was the pioneer President of International Facility Management Association in Nigeria (Abuja City-based Chapter) IFMA and is a Fellow Nigerian Institute of Quantity Surveyors, a Fellow of Nigerian Institute of Management Consultants (NIMC) and a Fellow Association of Facility Management Practitioners of Nigeria (AFMPN).

He participated in the Technical Committee on Commercialization and Privatization T.C.P.C. that commercialized government companies for improved performance.

This is the highly revered personality that is leading the management of the Abuja International Conference Center as the Managing Director of integrated Facility Management Services Ltd for which he has set an unprecedented record of upgrading the ICC to global standard in the management and improvement contract after the noticeable failure over the years before the coming of IFMSL.

MOALLAYIDI AS A POLITICIAN

The political journey of this personality of unique humble character, Senator MoAllahyidi is a founding member of the All Progressives Congress (APC) from the Legacy Party. He contested and won the Senatorial election and represented Adamawa South Senatorial District and sworn-in as a Senator of the Federal Republic of Nigeria in 2015. MoAllayidi while in the Senate, he distinguished himself as a vocal Senator in the red chambers and served as a Vice Chairman/Member of various standing and Ad-hoc committees.

Some of the communities is belonged to were; Vice Chairman Committee on Oil & Gas, Vice Chairman Culture and Tourism, Member Banking and Other Financial Institutions, Member Education (Basic & Secondary), Member Legislative Compliance and Member Federal Character and Inter Governmental affairs.

Other committees he belonged to were Member Committee on Bureaus of Public Procurement (BPP), Member ECOWAS Parliament and also held strategic positions where he played critical leadership roles for the APC such as: 2015 Senatorial Candidate (APC), Adamawa Southern Zone, 2014 Secretary APC Reconciliation Committee North Eastern Zone, 2014 Member of APC Congress Committee, Yobe State
(2014).

MoAllayi Joined APC as a result of the merger of CPC, ACN and ANPP (Legacy party) in 2011 Joined CPC and Contested for Adamawa South Senatorial Seat, 2007 he was the Director of Logistics of ANPP Presidential Campaign. While in 2003 the Man MoAllayi was the Director of Logistics ANPP Presidential Campaign.

His political might grew mightier for having a stronger voice for a common Man. in June (2022) the Senator convened the setting up of Arewa New Agenda (ANA) a Pan Northern socio-political organization with the aim and objectives as follows :

Setting up an agenda for the continuing relevance of the North in Nigerian Governance. It is to harmonize and project Northern positions on critical national issues. And to protect Northern interest in the Nigerian Political discourse and evolution.

ANA is an umbrella organization comprising of over 126 network affiliate groups across the 19 Northern States and FCT which Moallayidi became its extended leader as its Patron of Fulbe United for Peace and Development. It’s
the association of over 33,360 Ardos (The Fulbe Umbrella group) leaders across Nigeria.

The distinguished Senator was honored with the respected commander of Nigerian Students (CNS), an award by National Association of Nigerian Student NANS

Dr. Salisu Mohammed Lawal
Writes from Zangon Kataf, Kaduna State
And be reached through this means; emeles20o1@yahoo.com

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