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CSJ Describes Purchase of SUV to Lawmakers in this Time as Insensitive

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CSJ Describes Purchase of SUV to Lawmakers in this Time as Insensitive

By: Michael Mike

Centre for Social Justice (CSJ) has described as insensitive the purchase of Toyota SUVs worth about N130 million each as official vehicles to members of House of Representatives against the background of Nigeria’s perilous fiscal position, insisting that from all indications money was borrowed to buy the exotic cars for the lawmakers

A statement jointly signed by the NGO Good Governance Manager, Victor Emejuiwe, and Public Finance Management, Sundayson Chidi said the organisation noted “with regret the confirmation by the House of Representatives, that it is taking delivery of Toyota SUVs worth about N130 million each as official vehicles.

“According to the Chairman, House Committee on Media, Akin Rotimi, the vehicles allocated to the Honourable Members was in accordance with extant procurement law and this has been the practice in previous Assemblies.

“He justified the purchase of the vehicle stating that this is not peculiar to the legislature as unelected government officials in the executive, precisely from the level of Director and above have official vehicles attached to their offices.”

The statement said: “Furthermore, the committee chairman asserted that the vehicles which will be allocated to the offices of the honourable members are utility operational vehicles tied to their oversight functions in the discharge of their duties in standing committees; they are not personal vehicles gifted to honourable members.”

The statement added that: “CSJ and indeed all right-thinking Nigerians are extremely troubled about this development against the background of Nigeria’s perilous fiscal position. The 2022 year-to-end budget implementation report confirmed that 96 percent of Nigeria’s revenue was used for debt service, thus implying that only 4 percent was available for personnel, overheads and capital expenditures and this trajectory has worsened in 2023.

“The implication of this is that Nigeria is borrowing to buy these vehicles at a time we are unable to meet foreign exchange obligations to service providers like airline operators and manufacturers who can no longer secure foreign exchange for the purchase of raw materials.”

The CSJ said “Nigerians expected reduction in cost of governance but instead the Honourable Members in an insensitive manner increased the burden on the people. Even if the legislators have to drive SUVs, they could as well have bought same from local manufacturers.

“By their action, the Representatives have not only exported jobs, denied government of personal income tax and corporate income tax of the workers and companies respectively; they have put further pressure on the exchange rate of the Naira which is currently trading at its lowest ebb since independence. By their actions, they have contributed in no small measure to the economic adversity of Nigeria.

“The legislators have failed to realize that it is part of their duty to stop public office holders from abusing public resources, rather they have chosen to justify their SUVs acquisition on the grounds that other officials are acquiring SUVs. If legislators cannot improve the living conditions of Nigerians, they have no right and it is not part of their duty to worsen the living standards of the majority who stayed under the sun and rain to cast their votes for them.”

“In the light of the foregoing, we are demanding that these vehicles be returned to wherever they were bought from and the treasury reimbursed,” the CSJ asked.

CSJ Describes Purchase of SUV to Lawmakers in this Time as Insensitive

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Gunmen abduct 15 passengers, kill one in Benue

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Gunmen abduct 15 passengers, kill one in Benue

By: Zagazola Makama

Armed men dressed in military uniforms have abducted 15 passengers and killed one person during an attack on a commercial bus in Okpokwu Local Government Area of Benue State.

Sources confirmed on Tuesday that the incident occurred on Sunday at about 7:30 p.m. at Ado-Okpoga, along the Oju–Ado-Ekiti route.

The sources said the bus, a Hummer vehicle driven by one Gbenga Peter, 35, was travelling from Oju LGA in Benue to Ado-Ekiti in Ekiti State with 23 passengers on board when it was intercepted by nine armed men.

“On reaching Ado-Okpoga, the bus was attacked by nine unknown armed bandits wearing army uniforms. Fifteen passengers were abducted into the bush,” the sources said.

During the нападение, one passenger, identified as Idiku Meshak Ogbete, 22, was shot dead. The driver and eight other passengers managed to escape and later reported the incident at Okpokwu Police Station.

The Divisional Police Officer (DPO) in Okpokwu was said to have immediately mobilised patrol teams alongside other tactical units, including Operation Whirl Stroke, the Benue State Civil Protection Guards and other security agencies.

“The corpse of the deceased has been removed and deposited at the mortuary in Okpoga. A coordinated search of the surrounding bushes is ongoing to track the suspects, effect arrests and rescue the abducted victims,” the sources added.

Gunmen abduct 15 passengers, kill one in Benue

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Lagos Moves to Build West Africa’s Leading International Financial Centre

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Lagos Moves to Build West Africa’s Leading International Financial Centre

By: Michael Mike

Lagos State has taken a major step toward repositioning Nigeria as a global investment destination with the unveiling of a comprehensive roadmap to establish a Lagos International Financial Centre (LIFC), envisioned as the leading financial hub in West Africa.

The roadmap is contained in a new report titled “Establishing an International Financial Centre in Lagos (LIFC), Nigeria”, produced by TheCityUK in collaboration with the UK Government, Lagos State Government, the Lagos International Financial Centre Council (LIFCC), and EnterpriseNGR. The report was formally launched at the State House, Marina, Lagos.

The high-level event attracted senior government officials, diplomats, and private sector leaders, including Lagos State Governor Babajide Sanwo-Olu, British Deputy High Commissioner to Nigeria Jonny Baxter, EnterpriseNGR Chairman Aigboje Aig-Imoukhuede, and EnterpriseNGR Chief Executive Officer Obi Ibekwe.

The initiative is aligned with Nigeria’s Agenda 2050 and the Lagos State Development Plan 2052, positioning the LIFC as a long-term catalyst for economic transformation. According to the report, the proposed financial centre will deepen capital markets, mobilise international investment, drive innovation, and support sustainable economic growth across Lagos, Nigeria, and the wider West African region.

The report underscores the importance of strong public-private collaboration, noting that Lagos’ demographic advantage, expanding financial ecosystem, and strategic location make it well-suited to host an international financial centre that meets global standards.

One of the report’s core recommendations is the creation of an independent IFC framework for Lagos. This model would provide regulatory certainty, simplified tax and policy regimes, and a transparent governance structure aimed at improving investor confidence and enhancing Nigeria’s competitiveness in global finance.

To differentiate Lagos from other emerging financial centres, the report identifies three priority sectors for initial focus: green and sustainable finance, fintech and financial innovation, and commodities trading and capital markets. These sectors are considered critical to Nigeria’s future economic diversification and resilience.

The report also highlights the need for robust legal and regulatory reforms, calling for close coordination between Lagos State, the Federal Government, regulators, and the private sector to ensure smooth implementation of the LIFC vision.

Human capital development is another key pillar of the strategy. Recommendations include strengthening local talent pipelines, easing visa requirements for international professionals, and creating an enabling environment that supports skills transfer and high-value job creation for Nigeria’s growing youth population.

In addition, the report proposes competitive and targeted tax incentives, streamlined business processes, and investment-friendly policies designed to attract long-term capital aligned with national development priorities.

Speaking at the launch, Governor Babajide Sanwo-Olu reaffirmed Lagos State’s commitment to the project, describing the International Financial Centre as essential to boosting market competitiveness and facilitating seamless trading.

“Lagos is Nigeria’s largest economic and financial centre, and we must create an ecosystem that attracts investment, improves liquidity, and strengthens market infrastructure,” the governor said, adding that the LIFC would unlock new opportunities for public-private partnerships in technology and capital market development.

British Deputy High Commissioner Jonny Baxter said the report reflects the deepening UK-Nigeria partnership, combining Lagos’ strengths with UK expertise to support financial sector development.

He noted that, if effectively implemented, the LIFC could unlock significant domestic and international investment, expand capital markets, create jobs, and promote sustainable growth beyond Lagos State.

Also speaking, TheCityUK’s Managing Director for International, Nicola Watkinson, described Nigeria as a high-growth market with strong long-term potential. She said the LIFC could play a vital role in attracting global capital, supporting fintech and green finance innovation, and creating high-value employment opportunities for young Nigerians.

With the launch of the report, stakeholders say the focus now shifts to implementation, as Lagos seeks to translate vision into action and establish itself as a globally competitive financial centre for West Africa.

Lagos Moves to Build West Africa’s Leading International Financial Centre

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Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience

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Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience

By: Michael Mike

As Valentine’s Day approaches, Transcorp Hilton Abuja is set to transform into one of the capital’s premier destinations for romance and social experiences, unveiling an all-inclusive lineup of activities designed for both couples and singles.

This was disclosed in a statement issued at the weekend by the hotel’s Communications and Marketing Manager, Ms Ijeoma Osuji, who said the iconic hospitality brand will host a three-day “Valentine Weekend Package” from February 13 to 15.

According to the statement, the experience is designed to cater to a wide range of guests, from long-term couples seeking a romantic getaway to individuals looking to connect and celebrate the season of love in a vibrant social setting.

For visitors seeking a complete escape, the hotel is offering a bespoke room package that combines luxury accommodation with carefully curated romantic add-ons, promising a serene retreat from the city’s bustle alongside world-class hospitality.

The weekend programme features a diverse mix of entertainment and lifestyle experiences. Among the highlights is the “Signature Couples Event,” a grand and intimate gathering featuring a specially curated Valentine menu, games, music, and comedy performances.

Guests can also look forward to “A Night of Humour,” a comedy showcase featuring top-tier entertainers, aand“Theatre Magic on Stage,” a specially curated romantic stage play designed to engage audiences through powerful storytelling and emotional connection.

For culinary enthusiasts, the hotel will host Dual Restaurant Experiences, with its signature outlets; Zuma Grill and Bukka Restaurant, offering exclusive Valentine-themed dining packages tailored to diverse tastes.

Breaking away from the traditional focus on couples, the hotel is also introducing a Poolside Party for Singles, providing a chic, lively atmosphere for Abuja’s social crowd to mingle under the stars, accompanied by music and refreshing cocktails.

To help guests capture lasting memories, professional couples’ photography sessions will also be available, allowing visitors to document their special moments against the hotel’s scenic backdrops.

“We wanted to create a weekend that wasn’t just a meal, but a memory,” the hotel’s management said in the statement. “Whether it’s through laughter at our comedy special or a beautiful moment captured during a photo session, our goal is to celebrate love in all its forms.”

Reservations for the Valentine Weekend Package are now open, with organisers confident that guests will experience a memorable, immersive celebration at what remains one of Abuja’s most vibrant social hubs.

Transcorp Hilton Abuja Curates All-Inclusive Valentine Weekend Experience

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