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Nigerian Government Defends Okonjo-Iweala’s WTO nomination

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Nigerian Government WTO nomination Okonjo-Iweala

Nigerian Government Defends Okonjo-Iweala’s WTO nomination

The Nigerian government has reacted at the African Union over its rejection of the nomination of Ngozi Okonjo-Iweala to contest for the office of the Director-General of the World Trade Organisation(WTO).

It was earlier reported that the AU’s office of legal counsel had rejected the former Minister’s nomination of grounds of coming after the November 30 deadline set by the ministerial committee on candidature for member countries to present their candidates.

The Nigerian government in a Note Verbale which served as response to AU’s stance on the nomination, insisted that they did not violate any law as it was a replacement of a previously presented candidate (Yonov Agah) and not a fresh nomination.

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The Note reads;

“The permanent mission of the Federal Republic of Nigeria will not be a party to any propaganda and/or actions that supplant the vision and objectives of the African Union, by supporting a willful, obviously partisan and outlandish interpretation of rules and decisions,” the letter read.

“It is obvious that the OLC is stubbornly trapped to the unfounded notion that the candidature of Dr Ngozi Okonjo-Iweala is a fresh submission and cleverly refraining from recognizing it as a replacement for Ambassador Yonov Frederick Agah, an earlier submission, duly made in line with all known rules.

“By the same token of illogic, does it then mean that a country whose candidate steps down as a result of natural causes or act of force majeure becomes ineligible to replacing such candidate according to OLC? Such a conclusion is not just patently wrong, but worrisome and grossly uninformed.

“The rules referred to by the legal counsel were related to the submission of a new candidature and not, by any shred of imagination, a substitution/replacement of an earlier submission duly made in line with all rules.

“Hence, Nigeria’s substitution/replacement of Ambassador Yonov Frederick Agah with Dr Ngozi Okonjo-Iweala as a candidate for DG-WTO cannot be treated as a fresh nomination for the position, and as such cannot be said, or even imagined not to conform with any of the rules of procedure deliberately highlighted by OLC to mislead.

“None of the decisions so far prevents any member state from substituting its candidate especially when a consensus candidate has not been chosen.

“To state that Nigeria is latching on its sovereign right to change existing rules of procedure and relevant decisions of the executive council as well as decisions of other policy organs, is very unbecoming, unfortunate and a gross misinterpretation and misrepresentation of facts from an office established to be dispassionate, neutral and professional.

“OLC has substantially failed to substantiate how the Federal Republic of Nigeria, in exercising her sovereign right, flouted any of the said decisions or rules of procedure, as none of them categorically precludes the substitution of a candidate by the member-states.”

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Labour Force

Kogi Governor Approves Implementation of N30,000 Minimum Wage for workers

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Kogi Governor Approves Implementation of N30,000 Minimum Wage for workers

Kogi state governor, Yahaya Bello, has approved the implementation of N30,000 as minimum wage for the workers in the state.

 

The secretary to the state government, Folashade Ayoade disclosed this on Tuesday after an extensive meeting with the organized labour in Lokoja

 

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She blamed the delay in the implementation on the inability for the committee to meet regularly due to the covid-19 pandemic which has been overcome.

 

The SSG equally commended the organised labour for their understanding and patience, which she said has resulted into the signing of the implementation of the new minimum wage.

Read Also: FCTA Set to Implement Minimum Wage for FCT Workers

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Finance

CBN to End Forex Sales to Commercial Banks in 2022

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Author: Eunice Johnson, Abuja 

The Central Bank of Nigeria (CBN) has put Deposit Money Banks (DMBs) on notice that it will stop selling forex to them by the end of 2022. CBN Governor Godwin Emefiele made this known in Abuja on Thursday at the end of the Bankers’ Committee Meeting where he also introduced the RT200 Programme.

 

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Emefiele said the time had come for the banks to go out there and source for forex by funding entrepreneurs with ideas. The CBN, Emefiele said, will support the banks by granting rebates and other support until the banks find their feet in sourcing their forex by themselves.

He also disclosed that the apex bank’s policies and measures have led to a significant improvement in diaspora inflow from an average of US$6 million per week in December 2020 to an average of over US$100 million per week by January 2022. He added that the CBN would be reviewing these intervention programmes going forward to ensure that they continue to achieve the desired results.

He said international bodies, including some embassies and donor agencies, have been complicit in illegal forex transactions that have hindered the flow of foreign exchange into the country.

 

Read Also: CBN Encourages Nigerians to Accept E-Naira

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Customs Corner

Customs CG Deploys 37 Comptrollers as Comptroller Attah Heads Kebbi Command

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Customs CG Deploys 37 Comptrollers as Comptroller Attah Heads Kebbi Command

Author: Gift Wada, Abuja

The Comptroller General of Customs Col. Hameed Ibrahim Ali (Rtd.) has approved the deployment of 37 Comptrollers to various Units, Departments and Commands across the country.

This was disclosed in a release signed on Tuesday by the Customs Deputy National, DC Timi Bomodi for the Comptroller General of Customs.

Among those deployed are the present National PRO of Customs Comptroller Joseph Attah who will assume the office of Area Controller of Kebbi Command, Comptroller AAS Oloyede who shall be moving from ICT/MOD to Tin Can Island Port Command, while Comptroller SI Bomoi to FCT Command. Other postings are Comptroller BA Jaiyeoba to Oyo/Osun Command, Comptroller A Dappa-Williams to Eastern Marine Command, Compt. MA Umar Kano/Jigawa, Compt. KC Egwuh ICT/MOD, Compt. LM Mark Enugu/Anambra/Ebonyi, Compt. T Tachio CTC Kano, Compt. AA Umar Western Marine, Compt. M Dansakwa North Eastern Marine, Compt. AC Ayalogu T & T and Compt. KD Ilesanmi will assume duty as Comptroller Board among others.

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Ali in postings released on 7th of February, charged the newly posted Comptrollers to justify the confidence reposed in them by NCS Management by bringing to bear their years of experience and training in trade facilitation and anti-smuggling activities on their new assignment.

 

Given the enormous expectations of government regarding revenue generation in the current year, the Comptroller General reiterated the need for all Area Controllers and Unit heads to take full charge of the affairs of their Commands by ensuring absolute compliance with extant fiscal policies while leveraging on the efficient management of data to optimize trade facilitation and revenue collection.

Furthermore, the CGC directed all officers to be extremely vigilant in protecting the lives and wellbeing of Nigerians by ensuring the full fortification of our borders against the incursion of smugglers and other cross border criminals.

Read Also:

Customs Raises Concerns over Finance Act as Senate Sets N3trn Target for Revenue Agencies

Comptroller Ali Ibrahim Assumes Duty as New Customs FOU Zone ‘C’ Boss

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