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ENDSARS

South-West Governors say attacks in Lagos were attempts to weaken the region’s economy

South West governors have they described the coordinated attacks in the state as an attempt to weaken the region’s economy.

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South-West Governors say attacks in Lagos were attempts to weaken the region's economy

Governors of the South-West states have pledged their supports to their Lagos State counterpart, as they described the coordinated attacks in the state as an attempt to weaken the region’s economy.

This was disclosed by the Chief Press Secretary of the state, Gboyega Akosile, during the visits of the Governors and the Federal Executive Council members from SouthWest to the public assets and private properties destroyed in last Wednesday’s arson in the state.

READ: How to access new N75 billion Nigerian Youth Investment Fund

He tweeted, “Shock! This was the expression on the faces of the Federal Executive Council (FEC) members from Southwest and Governors as they toured the public assets and private properties destroyed in Wednesday’s coordinated arson in Lagos State.

“The delegation of Governors and Ministers was personally received by Sanwo-Olu at the State House in Marina, where the Lagos helmsman showed them the pictorial evidence of the violence before visiting some of the torched assets.”

READ: President Buhari approves N13.3 billion for Community Policing in Nigeria

At a joint press conference held after the tour, Chairman of Southwest Governors’ Forum and Ondo State Governor, Arakunrin Rotimi Akeredolu, SAN, compared the scenes to a war zone, given the extent of the destruction.

According to him, the violence that resulted from the EndSARS protest left much to be desired, stressing that there was an agenda beyond the youth demonstration against police brutality.

READ: FEC approves $40 oil benchmark for 2021 budget

He said, “We are deeply concerned with the ease with which public buildings, utilities, police stations, and investment of our people have been burnt despite the proximity of security agencies in those areas.

READ: FG suit may lead to delay in Shell’s Bonga project

What this means: From all indications, it is obvious that the South-West Governors believed that the said attack, which were rumoured to have been carried out by suspected hoodlums, were sponsored by some people to deliberately disorganize the region’s economy.

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Abiola has spent about 14 years in journalism. His career has covered some top local print media like TELL Magazine, Broad Street Journal, The Point Newspaper.The Bloomberg MEI alumni has interviewed some of the most influential figures of the IMF, G-20 Summit, Pre-G20 Central Bank Governors and Finance Ministers, Critical Communication World Conference.The multiple award winner is variously trained in business and markets journalism at Lagos Business School, and Pan-Atlantic University. You may contact him via email - [email protected]

9 Comments

9 Comments

  1. Anonymous

    October 25, 2020 at 8:57 pm

    The protestors have nothing with the economy….The people are hurting the economy always has…especially with the pandemic ! Buhari is not hurting though! He is a mad under educated a mad Scientist ! F… the economy..youths are being killed 😳😳😠😠👌

    • Abioye Sulaiman

      October 26, 2020 at 6:53 am

      You call the President of our great country, Nigeria a mad person? For what reason?
      You reap what you sow!

  2. Stanley

    October 25, 2020 at 8:58 pm

    These crafty politicians are at it again. Whipping up a “convenient” conspiracy theory instead of addressing the governance and corruption issues that are afflicting their states, causing untold hardships and hyper unemployment rates. While the destruction of lives and property deserve total condemnation, I expect political leaders across the country to make sincere and creative efforts to revive the economies of their respective states and regions. That way, the number of angry idle youths willing to wreck havoc at the slightest provocation would be greatly reduced.

    • Anonymous

      October 26, 2020 at 2:13 am

      You are spot on. They refuse to change their ways and continue in the way that has led us here. I hope they will not take us over the cliff hanger with their lack of sincerity.

      • Amazing

        October 26, 2020 at 7:48 am

        There is no conspiracy anywhere, people are hungry and angry,oga gominor, who are the powers beyond your control that killed innocent lagosians???

  3. O.O.O

    October 25, 2020 at 10:57 pm

    I agree with this conclusion too.

    I find it surprising that despite the presence of heavily armed security operatives on Lagos roads, killing and shooting at the peaceful protesters, hoodlums found their way to the target locations easily to loot and destroy properties without any confrontation from the security operatives (Army, Nigeria Police).

    Shame

  4. Abimbola Kumapayi

    October 26, 2020 at 3:18 am

    What a bad way to shifting blames on imaginary persons. Who was trying to weaken the region’s economy, and who fuelled the attack and who was up in harm against the other?
    From the soft intelligence gathered from eye witjesses account Gov Sanwo-Olu was the one that deployed the military who seized the moment to apply use of force- teargas and bullets that infuriated the peaceful protesters, so who is to blame if not Gov Sanwo Olu who had acted in panick.

    • Abioye Sulaiman

      October 26, 2020 at 6:50 am

      Can you substantiate your claim that Sanwo-Olu was responsible and was behind the Lekki shooting?
      Let’s fear our Creator and the day we will all stand before Him for accountability.
      A word should be enough for the wise. Thank you.

  5. Anonymous

    October 26, 2020 at 7:27 am

    The problem with Nigerian leaders is that they are never sincere. In the first place, why would a governor allowed use of brutal force on peaceful protesters who were singing Natinal Anthem and holding National flag. They didn’t start to destroy properties untill the military started killing them. Properties can never equaled lives of those that died. How would Tinubu and Sanwo Olu have felt if thelr children were killed during the crisis? You people should fear God ooo

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Business

ICPC Chairman reveals #EndSARS protests was financed with cryptocurrency

ICPC Chairman has revealed to the Nigerian Senate that the #EndSARS protest was largely funded with cryptocurrency.

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School feeding, ICPC, FIRS moves to stop tax evasion with newly launched intelligence system 

The Chairman of Independent Corrupt Practices and Other Related Commission (ICPC), Bolaji Owasanoye has revealed to the Nigerian Senate that the #EndSARS protest was largely funded with cryptocurrency.

This is as he said there are strong indications that it could be used to fund Insurgency in the country.

According to a report from Vanguard, this disclosure was made by the ICPC Chairman, during an interactive session with Senate Joint Committee on Banking, ICT, Cybercrime and Capital Market led by Senator Uba Sani on Tuesday, February 23, 2021.

READ: ICPC uncovers N9.8 billion Government money hidden in Aso Savings

The Joint committee was mandated to look at the decision of the Central Bank of Nigeria (CBN) to ban Cryptocurrency in Nigeria.

The ICPC boss while supporting the position of the CBN, said that the nature of operations of Cryptocurrency exposes it to money laundering and terrorism financing.

Meanwhile, the Nigerian Financial Intelligence Unit (NFIU) has said that the agency averted a $3million fraud linked to 20 bank accounts.

READ: ICPC moves against NDDC top management over corruption allegations, quizzes directors

Owasanoye further explained that the anti-graft agency currently has a number of cases linked to Cryptocurrency but is unable to track the suspects.

He brought the attention of the Senate to a period in 2018 when a number of globally rated financial institutions said their financial statements had been hacked with the perpetrators asking to be paid in Cryptocurrencies.

ICPC Chairman noted that the CBN as a regulator has the responsibility to ensure sound financial stability and it will be difficult to achieve in the case of Cryptocurrencies where the players are anonymous.

While sharing the experience of the Indian Supreme Court and how it ruled and admitted that it does not know what it is, he urged the Lawmakers to as a matter of urgency, take decisive action against Cryptocurrencies.

READ: Most powerful financial leader takes side with CBN, says Bitcoin is untrustworthy

What you should know

  • It can be recalled that the CBN had directed the financial institutions to immediately close the accounts of such persons or entities transacting in or operating cryptocurrency exchanges, warning of severe regulatory sanctions in the event of any breach of the directive.
  • The apex bank warned the Deposit Money Banks, Non-Financial Institutions and other Financial Institutions against doing business in crypto and other digital assets.
  • The latest directive is coming after the CBN had in 2018 stated that cryptocurrencies are not legal tender and as such are illegal.

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ENDSARS

#OccupyLekkiTollGate: Lagos Attorney-General explains large police presence at Lekki toll gate

Lagos Attorney-General has stated that the State does not support the abuse of peaceful protesters.

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The Lagos State Attorney-General, Moyosore Onigbanjo says that the reason for large numbers of policemen at the Lekki toll gate during Saturday’s protest was to prevent the protest from getting hijacked by hoodlums.

The Attorney-General of the State disclosed this in an interview with Channels TV on Sunday evening.

“Our duty is to face the dictate of the law.

“The state does not derive any joy from seeing people brutalized, but we must ensure that we have a society where law and order prevails and where everyone is free and secure to go about their businesses.

“Your right to protests only extends to where the other person’s freedom of association starts,” Onigbanjo said.

READ: #EndSARS: Sanwo-Olu presents Buhari report on Lagos destruction by hoodlums

He added that the State Government wanted to prevent any problems during the protests, citing Covid-19 regulations preventing the mass gathering of people and hoodlums hijacking the protests.

“I believe that was the desire of the state government yesterday that people can protests, but think about the Covid-19 regulations, the existing laws.

“We cannot afford the sort of vandalism we saw before, the state was genuinely apprehensive that hoodlums might take over a peaceful protest, we have seen this before. And that was why the police came out in large numbers that this did not degenerate the last time,” he added.

READ: #EndSARS: Freezing of accounts may trigger further protests – Tunde Bakare

What you should know 

Nairametrics reported over the weekend that Officers of the Nigerian Police Force arrested #OccupyLekkiTollGate protesters at the Lekki toll gate on Saturday morning.

This was confirmed by multiple media images and videos on social media, showing the protesters being arrested and loaded inside police trucks and van, popularly known as Black Maria.

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