Naija News
Money From Mining Used To Fund Criminal Activities, Says Buhari
The President, Major General Muhammadu Buhari (retd.), has said his regime has discovered that criminals have infiltrated the mining industry in the country.
Buhari said this on Tuesday while declaring open the 56th annual international conference and exhibition of the Nigerian Mining and Geosciences Society held at the International Conference Centre, University of Ibadan.
The theme of the conference was: ‘Responsible exploration and exploitation of mineral resources in a secured environment’.
The President, Major General Muhammadu Buhari (retd.), has said his regime has discovered that criminals have infiltrated the mining industry in the country.
Buhari said this on Tuesday while declaring open the 56th annual international conference and exhibition of the Nigerian Mining and Geosciences Society held at the International Conference Centre, University of Ibadan.
The theme of the conference was: ‘Responsible exploration and exploitation of mineral resources in a secured environment’.
The President said, “The reality of this truth is most obvious in the minerals sector given the fact that mining activities take place in remote localities. Our intelligence gathering efforts have confirmed that most of these criminal elements have infiltrated the mining industry and are using it as means of funding their despicable activities.
“It is with this understanding that we recently took the painful but necessary decision of banning all forms of mining activities in Zamfara State, where armed banditry has persisted.
“It is also to this end that I directed the ministers of Mines and Steel Development to strengthen collaboration with state governments and relevant security agencies to ensure the security and safety of all mining areas. In so
doing, we can achieve sustainable development of the minerals sector for the peace and security of our great country and good people.
“It is in furtherance of our commitment and resolve to address the security challenges that I recently charged the newly-decorated service chiefs that they have just a few weeks to crush all forms of criminality in the country. We cannot yield the sovereignty of our nation to a bunch of individuals, who have refused to see reasons to abandon their criminality.
“The security chiefs have been mandated to forcefully bring this criminality to an immediate end. Let me reiterate that the government is more than capable and more than ever determined to halt all forms of criminality perpetuated by these individuals.”
Buhari restated the commitment of his regime to diversifying Nigeria’s economy using mining and agriculture sectors as viable option.
The Oyo State Governor, Mr Seyi Makinde, who was decorated as a fellow of the NMGS alongside others, identified the placement of mining on the exclusive list as a factor hindering its development.
“Mineral development and exploration are currently placed on the exclusive list of the Nigerian Constitution. This has retarded the development of the sector and eliminated direct state and local people’s participation. We know what this means in real terms: The state and the people have to wait to get a share of their natural resources instead of being the ones to share them.
“Well, the good news is that recently, Zamfara State was allowed to mine and own its gold deposits. It signals that it is time to again push for resource control for all states.
“As a matter of fact and urgency, here in Oyo State, we call for the delisting of the mineral resource ownership and development from the exclusive list.”
The Group Managing Director, Nigerian National Petroleum Corporation, Mallam Mele Kyari, said the country was a natural gas province and the next energy strategy must be built around effective domestic utilisation of natural gas and overall monetisation of gas
energy strategy must be built around effective domestic utilisation of natural gas and overall monetisation of gas.
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Labour Force
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
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
Finance
CBN to End Forex Sales to Commercial Banks in 2022
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.
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
Customs Corner
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.
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.
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