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Diezani: EFCC Seized N14.6bn Worth Of Jewellery From Ex-Minister

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Diezani: EFCC Seized N14.6bn Worth Of Jewellery From Ex-Minister

The Economic and Financial Crimes Commission (EFCC), has seized jewellery worth N14.6bn, houses worth $80m from ex-minister Diezani Loot.

The EFCC Chairman, Mr Abdulrasheed Bawa, made this known at the House of Representatives ad hoc committee investigating the assessment and status of recovered loot on Friday in Abuja.

He also said that the Houses seized from the former Minister is also valued at 80million dollars.

The anti-graft chairman said that Diezani’s jewellery is still in the custody of the agency, adding that it had not been auction but had been finally forfeited to the Federal Government.

READ ALSO: EFCC Says It Recovered $153m, 80 Buildings From Alison-Madueke

He said that court processes, procedures and administrative exigencies had stalled some of the seized assets to be auctioned by the anti-graft agency.

Bawa however said that the agency would henceforth deal with the seized assets case by case at the courts in order to quickly disposed of the assets.

“Already the Federal Government has set up a committee under the chairmanship of the Solicitor-General for the Federation and I think they are working tirelessly.

This according to him is to ensure that assets that are not only recovered by the EFCC but the entirety of the recovery agencies assets are disposed of

“We have EFCC representatives from that committee and we believe at the end of the day Nigerians are going to appreciate what that committee will come out with within the term of the mandate given to them,” he said.

Asked when the committee would wind up so the assets could be disposed of, Bawa said that he was not a member of the committee to know how soon the assets were going to be disposed

Bawa said that in its quest to transform the agency, it would soon digitalise its processes, adding that it had also created and upgraded four additional departments to restore confidence.

He listed the departments to include: Intelligence, procurement, Internal Affairs and the Information Communication Technology Department

He said that there was no loot that had been re looted as been speculated, stressing that going forward, the EFCC would be different and Nigerians would be the better for it.

He said that he would always honour the National Assembly to account for what the agency had done, adding that public servants come and go but the institution would remain.

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Operation Thunderstorm Clampdown 110 Vehicles In Lagos – FRSC

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Operation Thunderstorm Clampdown 110 Vehicles In Lagos - FRSC

Mr. Olusegun Ogungbemide, the Lagos Sector Commander, Federal Road Safety Corps (FRSC), says the corps has arrested 110 traffic violators on Wednesday under its Operation Thunderstorm.

Ogungbemide disclosed this in a statement by the FRSC Route Commander and Public Education Officer, Mrs. Olabisi Sonusi, in Lagos.

He explained that the command had begun a special operation, tagged “Operation Thunderstorm”, to clamp down on Very Important Personalities (VIPs) for flagrant disobedience to the National Road Traffic Regulations.

READ ALSO: FRSC Officials To Start Operating With Guns

According to him, the corps has noticed a new trend of aberration and disregard for law and order.

”Some VIPs are in the habit of not fixing number plates and fond of replacing their number plates with pet names.

“A situation where some VIPs and motorists change one of their Number Plates, which comes in pairs, with their pet names or their popular slogans, can no longer be tolerated,” he warned.

The sector commander said that the operation had recorded 110 traffic offenders for number plate violations and other offenses in private and commercial vehicles within the state.

He said that the operations which started July 28, was one of the command’s intervention patrol aim at reducing road traffic crashes and also to stop impunity of not properly affixing number plates and other violations.

“A total of 110 vehicles were issued tickets for 150 various offenses, 75 vehicles got impounded and 35 documents were confiscated during the operation.

“The FRSC boss wishes to remind motorists that number plate has security features that should not be tampered with under any disguise,” he said.

The sector commander further explained that private and commercial number plates came in pairs and were meant for the front and rear of the vehicle except for articulated vehicle number plates that came in three.

He urged commanding officers to improve operations across the state in line with the corps mandate of 15 percent road traffic crashes and 20 percent fatalities reduction.

He also advised VIPs and motorists to revert to using their original number plates, which were not expected to be covered.

He added that in case of any emergency, motorists should call FRSC toll-free number 122 for prompt rescue.

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TCN: Why The National Grid Collapsed

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TCN: Why The National Grid Collapsed

The Transmission Company of Nigeria (TCN), says the nation’s collapsed grid has been fully restored.

The company said that the collapse which occurred at about 12:20 p.m. was restored the same day at 4:59 p.m.

TCN’s General Manager, Public Affairs. Mrs. Ndidi Mbah said this in a statement in Abuja on Thursday.

READ ALSO: How Decentralisation of Nigeria’s Power System Can Help Address Grid Collapse -Expert

Mbah said that the collapse was triggered by a sudden drop in system frequency to 47.21Hz.

She said that reports received from Supervisory Control and Data Acquisition (SCADA) and other power generating stations showed that at about 12:20 p.m., two generating units tripped in one generating station.

“While four equally tripped in another generating station, causing a loss of 261MW and 350MW respectively, bringing the total loss of electricity on the grid to 611MW.

“It is suspected that the sudden loss of 611MW from the grid caused system instability and its eventual collapse.

“After the collapse, TCN’s system operators immediately commenced the restoration of the grid and by 12:46 p.m., power supply in Abuja was fully restored from Shiroro Generating Station at 1:05 p.m.

“TCN equally commenced grid restoration from the Delta Power Station, and at 4:59 p.m, a full restoration of the entire grid was achieved,’’ he said.

Mbah said that TCN appreciates the government, electricity customers nationwide, and international customers for their patience.

She said that TCN would continue to work hard to expand and maintain the stability of the national grid.

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TETFund: Buhari Approves N8.5bn For Medical Research

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TETFund: Buhari Approves N8.5bn For Meedical Research

Prof. Suleiman Bogoro, Executive Secretary, Tertiary Education Trust Fund (TETFund) says President Muhammadu Buhari has approved N8.5 billion for ground-breaking research in Medicine and other areas under the National Research Fund (NRF) scheme.

Bogoro made the disclosure at a three-day workshop for Directors of Research and Development of public universities in Nigeria on Wednesday in Abuja.

“With your support, I made a case to the board of trustees to increase the NRF research grants.

READ ALSO: Nigerian Academic Not Inferior To Foreign Ones – Don

“Initially we had seed money of N3 billion, which got exhausted and N1 billion was added between 2016 and 2019.

“When I came, I decided to revolutionize it and I said it is not a question of seed money,  let it be annual money and that is why I made a case for N5 billion in 2019 alone, and in 2020 we raised it to N7.5 billion.

“This year,  the  President has approved another N7.5 billion but, guess what, with additional N1 billion that we intend to use for groundbreaking research around medicine even in respect of the COVID-19 challenge,” he said.

Bogoro said part of the plans was to release some amount of money to the Nigerian Medical Research Institute (NMIR) to resuscitate its vaccine production.

He disclosed that a meeting had been scheduled with the Director-General of NMIR, Prof.  Babatunde Salako, alongside professors of Medicine from some universities across the country in that regard.

He urged university dons not to take pleasure in titles but engage in problem-solving research that would change the narrative for the good of the nation.

He further called on research institutes to establish a good working relationships with universities for enhanced research and development, stressing the need for collaboration for better results.

According to him, there is a need for collaboration between universities and research institutes in order to offer assistance where necessary.

Earlier in his remarks, TETFund Director of Research and Development, Dr. Salisu Bakare, said it was important for universities to live up to the mandate of problem-solving.

He reaffirmed the need for Nigeria to transit to a knowledge economy, stressing that the Research and Development Centre of Excellence in TETFund, established for the purpose, would continue to work to achieve its mandate.

Bakare said in a bid to achieve the mandate the fund had established centers of excellence in several universities.

He added that it increased the National Research Fund and constituted a committee that was currently working on a draft bill for the establishment of the National Research and Development Foundation.

He urged participating institutions at the workshop to work toward enhancing national development.

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