News
Fayose threatens to sue EFCC, demands N20bn, public apology for placing him on watchlist
For placing him on watchlist and directing that he should be arrested if he attempts to travel out of the country as a sitting governor conferred with constitutional immunity against any criminal proceedings, Ekiti State Governor, Mr. Ayodele Fayose has demanded N20 billion as damages from the Economic and Financial Crimes Commission (EFCC), a written apology from the commission to be published to all Security Agencies in Nigeria, three National Newspapers and the Social Media as well as withdrawal of the request/directive to Security Agencies to place him on security watchlist.
He threatens that, “unless these demands are met within 72 hours of the date of this letter, we shall not hesitate to carry out our client’s firm instruction to proceed forthwith to institute legal action against you to seek appropriate remedies before the law court without any further recourse to you.”
Special Assistant to the Governor on Public Communications and New Media, Lere Olayinka, said in a statement issued on Thursday that the demands were contained in a letter by his counsel, Obafemi Adewale, dated September 3, 2018, which was received at the Abuja office of the EFCC yesterday.
The letter reads; “By a letter Ref No: 3000/EFCC/ABJ/EG/TA/VOL.59/010 dated 12th September, 2018, you instructed all Security Agencies in Nigeria, including but not limited to the Nigerian Customs Service, NCC, to place our Client on a watch list and to arrest him at sight upon ‘suspicion’ that he might be attempting to flee the country. In your exact words, we quote: ‘The under listed suspect is under investigation in connection with the above mentioned offences and
there is reasonable suspicion suggesting that he may likely leave the country either through the land borders, airport, or seaport in order to invade investigation. Hence, you are kindly requested to watch-list and arrest him.’
“By these words, you have not only fallen foul of the clear provision of Section 308 of the 1999 Constitution of the Federal Republic which grants our Client, as an incumbent Governor, immunity from any criminal process/proceedings, you have also exposed our Client to ridicule, opprobrium, odium and hatred in the eyes and opinion of the ordinary man on the street and falsely and mischievously portrayed him as a common fugitive, a run-away from the law who could/should be arrested at sight like a dangerous criminal.
“By this act and words, particularly coming after our Client had by his letter of 10th September, 2018 duly received in your office on 11th September, 2018 voluntarily without any prompting by you or anybody else, offered to report in your office in Abuja on 16th September, 2018, the very next day after his tenure as Governor, Ekiti State would have ended and his immunity lifted, you have demonstrated premeditated mischief, open hatred for our Client and contempt for his office as Governor. This is even moreso when considered against the background of your earlier threat on your official EFCC twitter handle which was widely circulated on the social media and published in the Punch Newspaper of 16th July, 2018 where you mocked our Client in the following words to the whole world: ‘The parri is over, the cloak of immunity is torn apart and the staff broken, Ekiti Integrated Poultry/Biological Concepts Limited N1.3bn fraud case file dusted off the shelves. See you soon.’
“In the light of the above, our Client has directed that we demand of you and we hereby demand as follows; a retraction and withdrawal of
the aforesaid request/directive to Security Agencies to place our Client of the security watch list and arrest him at sight even whilst he still enjoys immunity as Governor forthwith.
“A written apology to our Client published to all Security Agencies in Nigeria and in 3 National Newspapers and the Social Media for the flagrant mischievous and deliberate attempt to breach his
constitutional rights and malign him in the eyes of right thinking members of the society.
“Payment of the sum of N20bn as damages to our Client for the flagrant, deliberate, pre-meditated and reckless libel and unprovoked attack on his character and reputation and breach of his constitutional right/immunity as an incumbent Governor.
“Take notice that unless these demands are met within 72 hours of the date of this letter, we shall not hesitate to carry out our client’s firm instruction to proceed forthwith to institute legal action against you to seek appropriate remedies before the law court without any further recourse to you.”
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.
The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.
This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.
In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.
“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.
As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.
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