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ActionAid Calls on ICPC, EFCC to Investigate Appointments into MTN’s Board
ActionAid Calls on ICPC, EFCC to Investigate Appointments into MTN’s Board
By: Michael Mike
ActionAid Nigeria (AAN) has condemned MTN Nigeria, the prominent telecommunications company, for its controversial board appointments, which showed the inclusion of former top government officials with regulatory, pensions and taxation authorities.
This has sparked concern about the company’s transparency, accountability, and ethical governance.
Speaking in Abuja on Tuesday, the Country Director of AAN, Andrew Mamedu, called on ICPC and FG to Investigate MTN Nigeria’s Controversial Board Appointments.
Mamedu stated that: “The appointments of former government officials which includes Ernest Ndukwe, former Chief Executive Officer of the Nigerian Communications Commission (NCC), Ifueko M Omoigui Okauru, former Executive Chairman of the Federal Inland Revenue Service (FIRS), Omobola Johnson, Nigeria’s former Minister of Communication Technology and Mr. MK. Ahmad, the pioneer Director-General and Chief Executive Officer of the National Pension Commission, raise serious concerns about corporate governance, regulatory capture, and conflicts of interest.”
He added that: “It is unacceptable that MTN Nigeria, a company entrusted with providing essential telecommunications services to millions of Nigerians, would choose to stack its board with individuals who have a history of regulatory oversight, pensions, and taxation authorities. This move raises serious concerns about the potential for backdoor negotiations and conflicts of interest, as well as the impact on the Nigerian community. By allowing former government officials who were supposed to regulate MTN Nigeria to occupy top positions on its board, there is a risk of regulatory capture and undue influence over regulatory decisions. This not only undermines the integrity of our institutions but also jeopardizes the interests of consumers, investors, and shareholders.
“ActionAid Nigeria demands that MTN Nigeria must immediately reconsider its board appointments and ensure that future appointments are made in a transparent and accountable manner, with due consideration given to the principles of diversity, independence, and expertise.
“Furthermore, we urge the Nigerian Communications Commission and the Securities and Exchange Commission to investigate these appointments and take appropriate action to hold MTN Nigeria accountable for any breaches of regulatory standards or corporate governance norms.’’
AAN also demands that: “The Independent Corrupt Practices and Other Related Offences Commission (ICPC) launch an investigation into the circumstances surrounding MTN Nigeria’s board appointments to determine whether there have been any acts of corruption, regulatory capture, or abuse of power. This investigation must include examining the selection process, evaluating potential conflicts of interest, and scrutinising any undue influence exerted by former government officials.
“The Federal Government must also launch an independent investigation into MTN Nigeria’s board appointments to determine the extent of regulatory capture and conflicts of interest; strengthen regulatory oversight of the telecommunications sector to prevent the undue influence of corporate interests on regulatory agencies; and impose penalties or sanctions on MTN Nigeria if it is found to have violated regulatory standards or corporate governance norms.
“The actions of the Federal Government and ICPC must send a clear message that it will not tolerate corporate misconduct or abuse of power, especially when it comes to companies that play such a crucial role in Nigeria’s economic development and social progress.”
Andrew Mamedu reiterated that “ICPC cannot stand idly by while corporations like MTN Nigeria undermine the integrity of our institutions and exploit regulatory loopholes for their own benefit. It is time for MTN Nigeria to recognise that its actions have real consequences for the people of Nigeria, particularly investors and the integrity of the country’s institutions. We urge MTN Nigeria to act swiftly and decisively to address these concerns and restore public trust in its operations.”
ActionAid Calls on ICPC, EFCC to Investigate Appointments into MTN’s Board
News
Yobe State EXCO Line Up Projects For Commissiong
Yobe State EXCO Line Up Projects For Commissiong
By: Mamman Mohammed
The Yobe state executive council at its first meeting of the year today lined up some infrastructural projects completed and ready for commissioning.
Addressing the media after the EXCO Meeting, the state Commissioner for Information, Alh. Abdullahi Bego, said “these projects and programmes cut across many sectors, including healthcare, agriculture, education, road construction and Empowerment.
The council resolved to embark on a major modernization initiative to change the face of Damaturu to a befitting state capital in 2025.
The council expressed confidence that many of the ongoing legacy that will be ready for commissioning soon “include the Potiskum Modern Market, Ngalda and Yunusari markets all of which are currently at 90% stages of completion, and the Geidam Modern Market which is now at 75% completion stage, and the Potiskum Truck Transit Park now at 90 percent completion stage”.
The EXCO noted that the four modern SESAME SEEDS processing factories in Machina, Nguru, Potiskum and Damaturu have been completed and ready for inauguration.
Similarly, the phase one of the Fika-Maluri road has been completed while work on the second phase is ongoing. The Kukuri-Chukuriwa-Dawasa is 95% completed, Karasuwa-Galu- Gashu’a main road is completed.
“The Gashu’a-Masaba road is at 48% completion, Chumbusko-Tagali road is 100% completed, Nguru-Balanguwa is 75% completed, while Balanguwa-Kumaganam is at 60% completion stage.
“Danchuwa-Garin Bingel (100% completed); and the Danchuwa-Jajere road (97% completion stage); with a number of township roads under the first phase in Nguru, Jajimaji, Gashu’a, Potiskum, Damagum, Damaturu, Buni-Yadi, Babban Gida, and Geidam completed.
In the second phase, Nguru township roads were completed 100%; Potiskum and Damaturu are at 80% while Geidam and Gashu’a township roads are now at 40% stages of completion. We also have ongoing township road projects in Fika, Buni-Yadi and Yunusari towns.
The Damaturu-Buni Yadi, Damaturu-Bayamari, Potiskum-Gashu’a, Bayamari-Yunusari, and Geidam-Bukarti roads cut off by the floods last year have been repaired.
“There is also ongoing rehabilitation of Yunusari-Yusufari road; Jajimaji-Karasuwa road; Yunusari-Kafiya-Kanamma road junction.
“The state government is also currently constructing a road from Potiskum to Ngojin and from Fadawa to Daya in Fika Local Government area” the council stated.
The state executive council noted the delivery of healthcare equipment to the state donated by World Medical Relief in the United States.
“These equipment include hospital beds, infusion pumps, patient monitors, surgical instruments and tools, defibrillators, fetal monitors and ventilators, amongst others”.
The EXCO. noted with satisfaction the graduation of the Buni Scholars in India in the face of the economic challenges making the state proud with increase in qualified personnel in various fields.
Yobe State EXCO Line Up Projects For Commissiong
News
WEF 2025: Nigeria, Global Leaders Target $29trn African Economy By 2050
WEF 2025: Nigeria, Global Leaders Target $29trn African Economy By 2050
** As VP Shettima reaffirms Nigeria’s resolve to champion AfCFTA
By: Our Reporter
Vice President Kashim Shettima has joined other world leaders to push for the full implementation of the African Continental Free Trade Area (AfCFTA) with a target to boost Africa’s economy to $29 trillion by 2050.
He restated Nigeria’s readiness to spearhead the AfCFTA and take advantage of the market potential of the sector for digital transformation and economic integration of the African continent.
This is just as the President of the World Economic Forum (WEF), Børge Brende, pointed out the transformative potential of the AfCFTA, projecting that its full implementation could boost Africa’s economy to $29 trillion by 2050.
Senator Shettima and the global leaders declared their nations’ positions on Wednesday during a forum of Friends of AfCFTA on the sidelines of the ongoing 2025 annual meeting of the World Economic Forum (WEF) in Davos, Switzerland.
The Vice President, while addressing the forum tagged, “Forum Friends of AfCFTA: Turning Digital Trade into a Catalyst for Growth in Africa,” reaffirmed Nigeria’s commitment to AfCFTA as a vehicle for shared prosperity.
According to VP Shettima, Africa stands in a unique position to take advantage of global talent deficits, citing a Korn Ferry study that projects a global human talent shortage of more than 85 million people by 2030.
“By 2050, Nigeria’s population will surpass that of the United States, becoming the third most populous nation on earth at 440 million people,” he stated.
Citing Africa’s growing digital landscape, the VP said Nigeria’s technological strength is propelling it into the knowledge age.
“Today, we have 220 million telecom subscribers and 163 million internet users in Nigeria alone. This provides us with immense opportunities to empower our people. While our highest oil export earnings were $35 billion in 2011, India last year earned about $120 billion from outsourcing alone.
“The African Continental Free Trade Area is not only an economic arrangement but a bold statement of our shared destiny,” VP Shettima stated, adding that while Africa may have missed the agricultural and industrial ages, it is positioned to thrive in the post-industrial knowledge age.
On his part, the WEF President, Brende, while welcoming Vice President Shettima and other African leaders to the “Forum Friends of AfCFTA,” said Africa’s demographic advantage presents huge economic opportunities for the continent.
He noted that while most nations face workforce challenges, Africa’s young population positions it for unprecedented growth.
“If the Secretary General of the AfCFTA is given all the support he deserves, we can boost intra-African trade by a staggering 50%.
“As of today, $29 trillion represents one-third of the global GDP. Africa is such a growing continent, and one of its key promises is demography. The challenge now is creating new jobs for the youth population,” he stated.
Others who spoke at the event included the Presidents of South Africa, Cyril Ramaphosa; Botswana, Duma Boko; DR Congo, Felix Tshisekedi; Somalia, Hassan Sheikh Mohamud; Prime Minister of Egypt, Mostafa Madbouly; Confederation of African Football President, Patrice Motsepe; Former British Prime Minister, Tony Blair; amongst numerous global CEOs.
WEF 2025: Nigeria, Global Leaders Target $29trn African Economy By 2050
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MAN OF THE YEAR Award By THISDAY Newspapers/ARISE Media Group
MAN OF THE YEAR Award By THISDAY Newspapers/ARISE Media Group
CELEBRATING PRESIDENT BOLA TINUBU
The President/Commander in Chief of the Armed Forces of the Federal Republic of Nigeria, His Excellency, Bola Tinubu, has been announced “MAN OF THE YEAR” by THISDAY Newspapers and ARISE News Board of Editors.
The prestigious recognition reaffirmed Mr. President’s exemplary leadership, visionary thinking, and unwavering commitment to transforming the country amid mounting economic and security challenges.
The awards organisers also noted that the President has marched on with courage and determination to change Nigeria for the better, and proven to be a leader who is driven more by convictions and taken decisions which are in the best interest of the nation.
To commemorate this milestone, THISDAY is unveiling a Special Edition on Monday, January 27, 2025, to afford the President’s
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MAN OF THE YEAR Award By THISDAY Newspapers/ARISE Media Group
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