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My Rejoinder to the Cable Story: “Ex-FIRS Boss Nami Approved N11bn ‘Suspicious’ Payments After His Exit

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My attention has been drawn to a mischievous story by the Cable Newspaper claiming that I made approvals of over N11 billion after taking my pre-retirement leave. Nothing can be further from the truth. The entire story was sensationally written with mischief that took the ordinary events of my work out of context with the intent to tarnish my image.

First and foremost, I want to categorically state that after my exit as FIRS Executive Chairman, I made no such approvals as claimed in the report.

Fundamentally: It is important to note that no payment was made by the Service after the announcement of my pre-retirement leave as claimed by this story. An approval for payment in the Service is one step of a journey to payment. It is the custom that when a new Executive Chairman resumes office, he would review, validate and make final authorisation before any payments can be made.

It is important to note for the record that all decisions reached and extant liabilities/ commitments of the Service during my stay in office are contained in the handover notes I made available to my successor, Mr. Zacch Adedeji. He is fully briefed on everything. For clarity the items listed in the Cable Newspaper Report were part of the N16 billion outstanding commitments contained in our handover note.

The N5 billion paid to Joint Tax Board was paid to fund the activities of Presidential Committee on Tax and Fiscal Policy Reforms two months before I left office. It was paid after we received a letter to that effect from the office of Mr. President signed by Zacch Adedeji himself.

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The report maliciously attempts to portray a picture that I hurriedly left the country on September 16th after these so called “suspicious approvals” were made. Again, nothing can be further from the truth. If I traveled out of the country on the 16th of September, how then did I attend the handover ceremony with Mr. Zacch on the afternoon of Monday 18th September 2023? That handover ceremony was covered by the media, and can be cross-checked.

It is disappointing to see the Cable, a revered online newspaper attempt to sensationalise events that took place in the ordinary course of my work in office, making them seem as if they were done in bad faith.

I want to categorically state that every decision I made within the time of my stay in office was within the ambit of the law and within the lawful powers I exercised then as Executive Chairman.

I inherited only N1.4 billion in the purse of the FIRS when I assumed office. I left N129 billion in the purse of the Service when I left.

Muhammad Nami

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Sterling Bank Eliminates Transfer Fees, Challenges Industry Standards

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Sterling Bank has made a groundbreaking move by eliminating transfer charges on local transactions, aiming to create a more equitable banking experience for Nigerians. The question now arises: will other financial institutions follow this lead?

On April 1, Sterling Bank announced the removal of transfer fees for all local digital transactions, positioning itself as the first major bank in Nigeria to implement such a policy. Initially, the announcement faced skepticism, with many believing it to be an April Fools’ Day joke. However, Sterling has since reaffirmed the policy’s legitimacy and immediate implementation, signaling a significant evolution in the industry’s customer service approach.

Obinna Ukachukwu, the Growth Executive overseeing the Consumer and Business Banking Directorate, stated, “We believe that accessing your own funds should not incur a penalty. This decision transcends financial implications; it reflects our core values.”

With this new policy, Sterling customers can now make free transfers for all local transactions via the bank’s mobile app. This initiative is anticipated to yield considerable savings for individuals and small business owners who frequently engage in transfers.

“We may not be the largest bank in Nigeria, but we are certainly the most audacious,” Ukachukwu declared. “Sterling Bank is committed to the future of Nigeria, and we are backing our fellow citizens with more than just words.”

Sterling Bank has a history of prioritizing customer welfare, having previously offered financial assistance to healthcare workers during the COVID-19 pandemic. This latest initiative has garnered widespread public support, igniting conversations on social media and prompting calls for other banks to adopt similar practices.

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“We take pride in leading this transformative change,” Ukachukwu concluded. “We hope to inspire others to rethink what customers truly require from their banks, not only in terms of services but also in values.”

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Breaking News: Edo Tribunal Rejects Action Alliance’s Challenge Against Governor Okpebholo

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On Wednesday, the Edo State Governorship Election Petition Tribunal, convened in Abuja, dismissed the Action Alliance’s (AA) petition aimed at overturning the election of Governor Monday Okpebholo.

The tribunal, led by Justice Wilfred Kpochi and comprising a three-member panel, determined that the petition, filed by AA and its National Chairman, Adekunle Rufai Omoaje, was without merit.

The tribunal concluded that the issues raised in the petition were pre-election matters, falling outside its jurisdiction to adjudicate.

The petitioners claimed that the Independent National Electoral Commission (INEC) had excluded their legitimate candidate from the governorship election held on September 21, 2024. They argued that, in contradiction to several court rulings, INEC recognized a candidate who had not been validly nominated by the party.

Furthermore, the petitioners contended that INEC’s failure to publish the name of their party’s rightful candidate constituted a significant violation of Section 134(1)(b) of the Electoral Act.

In addition to these claims, they asserted that Governor Okpebholo, representing the All Progressives Congress (APC), did not receive the majority of legitimate votes and that the election was tainted by corrupt practices.

As a result, they sought the annulment of the election; however, the tribunal panel denied their request on Wednesday.

The panel upheld all preliminary objections raised against the petition. The respondents, including INEC and Governor Okpebholo, argued that the National Chairman of the AA lacked the standing to file the action, as he did not participate in the gubernatorial election.

They also asserted that the petition was barred by statute, as it involved pre-election issues that exceeded the tribunal’s jurisdiction.

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It is noteworthy that AA’s candidate, Mr. Tom Iseghhi-Okojie, withdrew from the race in favor of Governor Okpebholo just days before the election.

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All set for Niger Delta Sports Festival in Akwa Ibom – Umo

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Akwa-Ibom State Governor, Umo Eno of Akwa Ibom has commended the management of the Niger Delta Development Commission (NDDC) for investing in sports for the discovery of talents for the region and the country at large.

The governor gave the commendation at the Monthly State Covenant Service held at the Banquet Hall, Government House, Uyo, as arrangements have been concluded for official opening ceremony of the Niger Delta Sports Festival at the Godswill Akpabio International Stadium in Uyo.

Eno, therefore, implored citizens and residents in the state to be fully involved in the festival.

He stressed the need for adequate maintenance of facilities recently revamped by the interventionist agency and assured successful hosting of the sports festival.

He promised to provide necessary support to ensure safe stay of all participants and tasked the organisers to leverage the peaceful ambiance of the state and make the competition a memorable one.

According to the organisers, President Bola Ahmed Tinubu is expected in Uyo today (Wednesday) to declare the festival open, with no fewer than 3,000 athletes from the nine states of the Niger Delta to compete for laurels in 17 sporting events.

The competition will be hosted at six venues, including the Godswill Akpabio international stadium and West Itam Sports Centre, while the closing ceremony is billed for April 9.

The News Agency of Nigeria (NAN) reports that contingents from the nine Niger Delta Development states had arrived Uyo for the festival. (NAN)

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