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Ahmed Kuru and his adversaries By James Imoru

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Ahmed Kuru and his adversaries By James Imoru

Ahmed Kuru and his adversaries

By James Imoru

 

 

 

BEING a beacon of integrity in an abundantly blessed but criminally managed, consciously monetized society like Nigeria can be daunting. Ask the Asset Management Corporation of Nigeria (AMCON) boss, Ahmed Lawan Kuru. Confronting the hawks who wrecked the banking sector with unpaid loans and thus forced the creation of the corporation in the first place is not just a daunting task; it is an assignment strewn with perils, including lawfare and media wars by profiteers from the people’s pain, the friends and enablers of criminals. For one thing, the obligors of AMCON are in the commanding heights of political power, and if the nation has learned anything in the past few years when the corporation and these enemies of state have been locked in a battle, it is the fact that criminals do not like exposure.

 

 

 

 

 

In 2017, Kuru was garlanded as the African Best Rated CEO of The Year at the second edition of the National Development Forum (NDF)/award ceremony organized by African Development Magazine. Explaining the criteria for the selection of Kuru at the event, the media house stated that the AMCON boss was adjudged winner by the panel of judges after a careful evaluation of his difficult assignment at AMCON and the fact that he went about it in a way that supported the anti-graft war in the country. As it noted, it was a herculean task chasing dangerous debtors who had borrowed money from taxpayers to fund their lavish lifestyle while deliberately refusing to pay back and thus contributed to crippling the Nigerian economy. The same point was canvassed by the management of the New Telegraph when they bestowed upon Kuru the maiden edition of the “Public Integrity Award 2021.” The AMCON boss, they averred, was selected from a large poll of public servants heading different Ministries, Departments and Agencies (MDAs) of the government across Nigeria because of his commitment, dedication, uprightness, and patriotic zeal that he has gone about the recovery drive from AMCON obligors who owed Nigeria a current outstanding debt of over N4.4trillion.

 

 

Ahmed Kuru and his adversaries

By James Imoru

 

 

As a popular Nigeria musician quipped, “it is divinity that abhors falsehood, the world wants no forthrightness.” And yet someone must stand up to be counted; someone must dare the status quo and rescue the nation from ruin. That is the kind of job Dora Akunyili had, and it is the kind of job Ahmed Kuru has. It is no wonder, then, that hiding under pseudonyms (fake names) and purveying the most blatant of falsehoods, certain anti-Kuru elements have gone on an overdrive in the media in recent times, cooking up falsehood against the high-flying, phenomenally cerebral, passionately committed and resource-savvy AMCON boss. Combining innuendos with conjecture, and vile abuse with sheer envy, they are doing their level best to robe the AMCON boss in the garb of a villain and get him out of the way. They are movers and shakers within the Nigerian landscape and they are not content with the multiple frivolous cases they filed in court in a desperate attempt to get away with crimes for which in saner climes they would presently be rotting in jail. The tactic is unmistakable: take Kuru’s job away from him by casting aspersions on his integrity, forcing the president to remove him. This is, to say the least, a devious tactic, and President Bola Ahmed Tinubu will not be moved by it. He is much too sophisticated to be swayed by charlatans masquerading as social crusaders. Convicts of financial crimes and the brains behind failed banks fazed by the public spirit with which Kuru works can only rage using media hounds; they must not be allowed to turn back the hands of the clock.

The fact that a good number of AMCON obligors who have no business occupying public office given their role in wrecking Nigeria’s financial system are now occupying top government offices should be a source of concern. But the fact that they are using public funds to sponsor all manners of attacks against AMCON is even more egregious. They are using public funds to protect their crime and take out those who dared to challenge them. They detest AMCON and its debt-recovery efforts with passion. And their pain was compounded by the fact that following his stellar performance in the first five years at the helms of affairs of AMCON, President Muhammadu Buhari reappointed Kuru, a career banker with professional experience spanning nearly four decades across investment banking, risk management, operations, human capital management and marketing, for another term of office in 2021.

As Managing Director/CEO of the former Enterprise Bank Limited, Kuru oversaw phenomenal growth. Within the first two years of his leadership, the bank made over N11billion profit, solidifying the path of profitability. It is a fact that it was AMCON that saved Arik Airlines, the largest local carrier, and Aero Contractors, Nigeria’s oldest carrier from shutting down operations, while making other strategic investments in a number of other local carriers, all of which have helped to keep the aviation sector afloat. The fact that AMCON has recovered about N1.8trillion from inception till date cannot be discountenanced, nor can the fact that it acquired about 12,000 Non-Performing Loans (NPLs) worth N3.7 trillion from 22 banks and injected N2.2 trillion as financial accommodation to 10 banks in order to prevent systemic failure.

In August last year, speaking in London, United Kingdom, at a training for Federal High Court judges from Nigeria, the AMCON boss indicated that the corporation’s recoveries in cash and in sale of assets had been made possible with the help of the judiciary. This was because “granting of Exparte Orders as well as orders to attach traced assets have compelled most recalcitrant obligors of AMCON to come to the negotiation table.” The recalcitrant obligors, he said, had mastered the act of clinging to the technicalities rather than settling their established obligations. But the Kuru-led AMCON had never shirked its responsibilities. AMCON made a profit of N23.97 billion in 2020, which increased to N34.65 billion in 2021. In the year 2022, the corporation made N58.59 billion profit. It has consistently delivered on its recovery mandate since its inception. The figure was over N70 billion for 2023. Given the feelers from the corporation, things are bound to get even better under Kuru’s leadership in the days to come.

Imoru , Civil Right Activist, contributes this piece through [email protected]

Politics

15th Hijrah: Muslim Clerics Task Nigerians On Good Morals

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15th Hijrah: Muslim Clerics Task Nigerians On Good Morals

as Speaker charges religious leaders on impactful messages

 

 

Nigerians, irrespective of religious affiliations, must begin to embrace good morals and practise honesty, two guest lecturers at the 15th Annual Hijrah Lecture of the Lagos State House of Assembly, have urged.

 

 

 

This is as the Speaker of the House, Rt. Hon. Mudashiru Obasa, also charged Nigeria’s religious leaders to teach messages with greater positive impacts on citizens.

Sheikh Sulaiman Onikijipa Al-miskinubilahi, general overseer of Al-Amani Islamic Organisation, and Sheikh Ridwanullah Jamiu, Chief Imam of the Central Mosque, Lekki Phase 1, said moral conducts and honesty would help create a decent society.

Speaking at the event with the theme: ‘The Increasing Wave Of Moral Decadence In The Society’, which held at the Assembly complex on Friday, the guest lecturers condemned the spate of moral decadence in the society.

Dr. Jamiu told guests that there was need to enforce laws against anti-decent practices like homosexuality, gambling, adultery and corruption.

According to him, Allah blesses those who are kind, just and are morally upright.

“People should run away from three things: indecency, aggression and wickedness. For a society to progress and develop, it must move away from what Allah kicks against.

“Justice means giving people their rights. As a boss, you have duties to your employees. Treat others the way you expect to be treated. Allah commands kindness and generosity,” he said while urging parents to be role models to their children.

On his part, Sheikh Onikijipa lamented what he described as a growing level of corruption in the society.

“At this stage of our existence, we all know that almost everyone is corrupt,” he said while urging leaders to be more transparent.

The cleric further stressed that leaders must be determined to end moral decadence in the society, adding: “See the way the government stopped the abuse of naira with necessary legislation. The same should be done for other forms of moral decadence in the society.

“There is no religion if we don’t have morals. If you observe all the five pillars of the Islam and you are morally corrupt, then you are deceiving yourself.

“If you pray regularly and you don’t have morals, then it is a waste of time. Indecent dressing should be condemned in all places,” he said.

While noting that Nigeria is challenged at the moment, Onikijipa appealed to citizens to be patient with the administration of President Bola Tinubu.

He urged religious leaders and citizens in the country to dedicate a day for fasting and prayer instead of embarking on a protest, which has a tendency to escalate into destruction of properties.

In his remarks, Speaker Obasa said everyone has roles to play in achieving an upright society.

Obasa, who said that Hijrah is meant to celebrate the clerics, added: “You would be proud of the group you belong to when people feel your impact. We should ensure that we change our immediate environment and make things better in our time.

“We must all join hands to make our society better so that we can all have a morally upright place. It is not enough to make laws, people must exhibit good qualities.”

 

 

15th Hijrah: Muslim Clerics Task Nigerians On Good Morals

Eromosele Ebhomele
Chief Press Secretary to the Speaker of the Lagos State House of Assembly.

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Planned Protest: Tinubu, Sultan, Ooni, NSA, IGP In Emergency Meeting

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Planned Protest: Tinubu, Sultan, Ooni, NSA, IGP In Emergency Meeting

Planned Protest: Tinubu, Sultan, Ooni, NSA, IGP In Emergency Meeting

 

The protest against economic hardship, which is gaining traction on social media, has been scheduled to be held across all states in August.

As the planned ‘EndBadGovernance’ protest slated for August draws close, President Bola Tinubu on Thursday entered an emergency closed-door meeting with top traditional rulers, security top brass in his government and governors of his party, the ruling All Progressives Congress (APC). The high-delegation meeting was held at the State House in Abuja, the nation’s capital.

The APC governors were led to the meeting by the Chairman of the Progressives Governors’ Forum and Imo State Governor, Hope Uzodinma.

Some first-class traditional rulers were spotted at the meeting with the President. They include the Ooni of Ife, Oba Enitan Ogunwusi; the Sultan of Sokoto, Muhammadu Saad Abubakar III; and other traditional leaders across the country.

The meeting was also attended by the National Security Adviser (NSA), Nuhu Ribadu; Inspector General of Police, Kayode Egbetokun; as well as ministers and other members of the President’s cabinet.

A delegation of Islamic scholars (Ulamas) later joined the high-powered meeting with the President.

Last-Minute Efforts
Tinubu, former Lagos governor, who was sworn in as President in May 2023, has appealed to displeased youths to shelve the planned ‘EndBadGovernance’ protest slated for next month.

As part of moves to placate aggrieved citizens, the President sent a bill to raise the minimum wage from N30,000 to N70,000 to the National Assembly this week. Both chambers of the legislature speedily passed the bill on Tuesday, awaiting the President’s assent.

On Thursday, the military authorities warned that unscrupulous elements plan to hijack the protest and use it to stage anarchy like what was recently witnessed in East African country Kenya.
The police had also warned against bloody demonstrations come next month just as Uzodimma surmised that the protest could be hijacked and turn violent like the EndSARS nationwide protest against police brutality back in October 2020.

The protest against economic hardship, which is gaining traction on social media, has been scheduled to be held across all states of the Federation as well as the Federal Capital Territory (FCT), Abuja, in August. The organisers of the protest have been faceless.

Prices of food and basic commodities have gone through the roof in the last months, as Nigerians battle one of the country’s worst inflation rates and economic crises sparked by the government’s twin policies of petrol subsidy removal and unification of forex windows.

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Tinubu mourns Iwuanyanwu

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Tinubu mourns Iwuanyanwu

Tinubu mourns Iwuanyanwu

 

 

President Bola Tinubu has extended his condolences to the family of the President-General of Ohanaeze Ndigbo Worldwide, Chief Emmanuel Iwuanyanwu, who passed away on Thursday.

Tinubu’s condolence message is conveyed in a statement signed by his Special Adviser on Media and Publicity, Ajuri Ngelale, titled ‘President Tinubu mourns Chief Emmanuel Iwuanyanwu.’

The family confirmed his demise on Thursday evening in a statement that partly read, “The Iwuanyanwu family of Umuohii Atta, in Ikeduru Local Government Area of Imo State, announces the demise of our patriarch, Chief Emmanuel Chukwuemeka Iwuanyanwu-Ahaejiagamba Ndigbo.

“Chief Iwuanyanwu died on Thursday, July 25, 2024, after a brief illness. He was aged 82.”

 

 

He was an accomplished businessman and notable politician.

Ngelale said, “President Tinubu condoles with the Imo State Government, the friends and associates of the deceased, and Ndi Igbo over this irreparable loss.

“The President affirms that Chief Iwuanyanwu will always be remembered for his remarkable legacy.”

 

 

Tinubu, therefore, prayed for the repose of the soul of the departed elder statesman and comfort for his family

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