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Ministerial nominee decries lack of supervision of CBN

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By Lateef Taiwo

Mr Adabayo Adelabu, ministerial nominee from Oyo State on Tuesday in Abuja advocated improved supervision and oversight on activities of the CBN by economic management ministries of the Federal Government.

Fielding questions before the Senate, Adelabu said the CBN should never be in competition with the Federal Government as the latter’s economic agency.

He said there was nothing wrong about the structure of the CBN, but about its governance structure.

“There are three decision-making committees at the CBN and the governor is the chairman of each of the committees.

“They are the Committee of Governors, the Monetary Policy Committee and the Board of Directors.

“It is good and there is nothing bad with it because all over the world the independence of the CBN must be guaranteed, and the governor is just first among equals; there are four Deputy Governors

“We must ensure that the appointment of the Deputy Governors is independent of the CBN governor so that they are not subservient to the governor.

“The national economic management team – the Ministers of Finance and Budget and National Planning, the Accountant-General of the Federation and other relevant ministries must have some subtle oversight on decisions made by the CBN.

“If CBN knows that there is a body to which it will report on the allocation of foreign exchange, for instance, its decision on monetary policy and interest rates will be given more serious consideration,’’ he said.

Presiding Sen. Godswill Akpabio observed that the nominee’s submissions indicated that there was no proper monitoring of the CBN.

He noted that Adelabu pointed out that there was no clear and organised statutory meeting of the CBN that involved the Accountant-General of the Federation, the Budget Planning ministry and other stakeholders.

He said remarks from the nominee also indicated that nobody was supervising the CBN for the years the nominee served as Deputy Governor of CBN.

“This is a good thought for senators and that means that we must revisit the Act setting up the CBN.

“Probably we may not have been where we are now if we had a proper monitoring of the CBN by the Act itself,’’ Akpabio said.

The Senate screened nine ministerial nominees on Tuesday out of the 14 nominees listed for the day.

Those screened were Mr David Umahi (Ebonyi), Mr Olawale Edun (Ogun), Malam Nasir El-Rufai (Kaduna State) and Malam Ahmed Dangiwa (Katsina State).

Others were Uche Nnaji (Enugu State), Mrs Stella Okotete (Delta), Mr Adebayo Adelabu (Oyo State), Ekperikpe Ekpo (Akwa (Ibom) and Hajia Hannatu Musawa (Katsina State).

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TAU reaffirms commitment to globally competitive learning

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  • As 16 graduands make First Class

Stephen Olufemi Oni, Ilorin

The Thomas Adewumi University (TAU), Oko-Irese, in the Irepodun local government area of Kwara State, has reaffirmed its commitment to strengthening quality education, innovation, and globally competitive learning.

Speaking at the institution’s 2nd Convocation ceremony in Oko-Irese, the Vice Chancellor of the University, Professor Francisca Onaolapo Oladipo, said TAU is living up to its ranking as the fastest growing institution in Science, Technology, Engineering, Medicine, and Innovation (STEM-i) ecosystem by surpassing more than 100 percent in its number of graduating students at the second convocation.

She said: “TAU emerged on April 8, 2021, as Nigeria’s fastest-growing Science, Technology, Engineering, Medicine and Innovations (STEM-i) ecosystem. Today, we rank 1st among the 20 private universities that were licensed in
2021, 4th among the 14 Universities in Kwara State, 5th among Nigeria’s over 170 private Universities and 50th nationally, an impressive rise reflecting our unwavering commitment to excellence.

”What a Moment of Extraordinary Significance today, we stand at a crossroads far more significant than words can adequately capture. Exactly one year ago, we gathered at this very Auditorium to celebrate our inaugural Convocation, a ceremony that marked the graduation of 26 pioneering students who dared to believe in a vision when others saw only impossibility. Those 26 trailblazers proved that Thomas Adewumi University was not just a dream, but a reality rooted in excellence. Today, as we honour 63 outstanding graduates, we witness something far more profound than numerical growth.

“This 142% increase in our graduating class is not merely a statistic to be recorded in annual reports, it is a declaration that Thomas Adewumi University has transcended the realm of promise and entered the domain of proof.

“We have moved from potential to performance, from aspiration to achievement, from vision to velocity.
This year, 63 graduands from 4 Faculties and 11 academic programmes are being conferred. It is noteworthy that we have 16 First Class graduates, 40 in Second Class Upper Division, and 7 in Second Class Lower Division. These results reflect the quality of training and mentorship provided at Thomas Adewumi University, and we are proud to contribute these innovators to both the Nigerian and global workforce, confident that they will make a meaningful
impact.

”Preparing Globally Competitive Graduates, these 63 graduands are not merely degree holders, they are comprehensively prepared global professionals equipped with exceptional advantages that set them apart from their peers nationwide. Through our international partnerships, these graduates have obtained additional microcredentials from MIT, Harvard, Stanford, Columbia, Berkeley, and Yale, world-class certifications from Alison, UK, RUDN professional University, Russia, World Bank’s Saylor Academy, Google, ICAN, and the Global Partnership for Sustainable Development initiatives in Data Science and Artificial Intelligence.

“Our Coursera collaboration provided them with additional industry certifications, while partnerships with Microsoft, IBM SkillsBuild, and MIT OpenCourseWare through our Global Campus initiative democratize access to cutting-edge knowledge. They are thus fully equipped to embark on meaningful and innovative careers in today’s technology-driven world.”

Earlier in his Convocation Lecture, titled “Crowdfunding Opportunities forstartups: Equiping Nigerian graduates for a sustainable future”, Dr. Bayo Williams Olugbemi charged the graduads on the mindset of job creation, saying “as a graduate, your future is not defined by what Nigeria gives you, but by what you create. The idea of crowdfunding is the idea of hope. It is proof that when people come together, ideas once impossible become achievable.

“I urge you not to think only about searching for jobs. Instead, think about creating value, and if capital is a barrier, remember: “The crowd can be your first investor.”

In his goodwill message, the Executive Secretary of the National University Commission, Professor Abdullahi Ribadu, represented by Esther I. Eyo, Esq commended the resilience of TAU management said “NUC acknowledges TAU sustained progress in advancing quality teaching, impactful research, innovation, and community engagement, all of which align with our national aspiration for a globally competitive and knowledge-driven university system.

“It would interest you to know that, in the accreditation exercise conducted in 2023, Thomas Adewumi University achieved a 100% Full Accreditation status across all programmes assessed a laudable feat that reflects the University’s strong commitment to maintaining high academic standards.”

Also speaking, the Founder/Chancellor of the institution, Dr. (Engr) Johnson Adewumi, urged the graduands to be good ambassadors of the University, adding: “Remember that your degree is not an end but a beginning, go forth with courage, humility, and a sense of responsibility. Strive to illuminate whatever space you occupy with the light of integrity, excellence and service.”

Highlight of the event was the conferment of an honorary doctorate degree on two distinguished personalities; Engr Oluseyi Afolabi and Pastor Oladokun Olatunde.

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L-r Speaker, House of Representatives, Tajudeen Abbas; President of the Senate, Godswill Akpabio and Nigeria’s First Lady, Senator Oluremi Tinubu, during the dinner for members of the National Assembly by the First Lady yesterday. Photo: Senate President’s Office.

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JUST IN: Even Tinubu moves with too many police escorts – Senator Ndume

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By Hassan Taiye

Senator Ali Ndume has criticised what he described as the excessive use of security convoys by top government officials, including President Bola Tinubu, warning that the practice leaves ordinary citizens exposed and vulnerable.

Speaking on Politics Today on Channels Television on Thursday, Ndume said many public office holders move with security details that are unnecessarily large, even when their positions do not warrant such heavy protection.

He recalled visiting the residence of a colleague and finding “more than 10 policemen” attached to him, despite the lawmaker being junior to him in the National Assembly.

Ndume further argued that the presidential convoy itself is excessively large, stressing that security efforts should be focused on protecting the overall environment rather than individual personalities.

He said: “I went to one of my colleagues’ house for dinner. And I saw more than 10 policemen. He is even my junior in the National Assembly. Some of them, if you see them coming, you will pull back thinking that maybe it’s the President or the Vice President that is coming.

You can see even the president, the convoy that the president goes about with is too much. Secure the place and when the president goes, you withdraw. Secure Abuja and the president can even drive out, you know, himself.

But when you secure personalities, and this is what is happening in Nigeria, then others, common people, as we call them, become vulnerable, and we don’t care. So if you secure Abuja, then you can drive at night. And let me tell you, this is what is happening in most countries”.

The lawmaker’s comments come just days after President Tinubu ordered the withdrawal of police officers from VIP escort and guard duties.

In a statement, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, said the directive was aimed at redeploying police manpower to core law enforcement responsibilities.

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