FEDERAL GOVERNMENT TO STRENGTHEN WHISTLE-BLOWING POLICY WITH LEGAL FRAMEWORK

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PRESS RELEASE

The Federal Government has taken a significant step towards enhancing the effectiveness of its whistleblowing policy by developing a draft bill to provide legal backing and protection for whistleblowers. This move aims to address the challenges hindering the policy’s implementation and encourage more individuals to report corruption and misconduct in the conduct of       government businesses.

Speaking at a one-day sensitization workshop on the implementation of the whistleblowing policy in Nigeria, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun emphasized the government’s commitment to transparency, accountability, and integrity in governance.

He noted that the policy has already shown promise, with significant recoveries made since its inception in 2016.

HM Edun informed that the draft bill  being prepared, which is expected to be presented to the National Assembly, seeks to provide a robust legal framework for the protection of whistleblowers and ensure that reports are handled with confidentiality and prompt action.

He said that the President Bola Ahmed Tinubu-led Administration is committed to ensuring that the policy is pursued with strict compliance with the rule of law to achieve transparency and accountability in governance.

The whistleblowing policy, according to him, has recovered funds totalling N83,019,178,375.86; $609,083,391.91;
5,494,743.71 Euros between 2017 and 2023.

*However, the government acknowledges that more needs to be done to encourage Nigerians to own the fight against corruption and report financial misappropriation,* Edun said

Earlier in his welcome remarks, the Permanent Secretary Special Duties, Federal Ministry of Finance Mr Okokon Ekanem Udo stated that the Whistleblowing policy, since its inception in December 2016, has proven to be one of the veritable tools in uncovering corrupt practices within the public and private sectors. It is aimed at empowering citizens to report to the relevant authorities about identified misappropriation of public funds and other fraudulent activities, thereby contributing immensely towards institutionalisation of transparency and accountability in governance.

However, like other policies of government, Udo said, the implementation of the policy has encountered some challenges. *At the initial stage, there was wide-spread enthusiasm on the part of Nigerians about the introduction of the policy. The momentum and popularity that heralded its introduction need to be reinforced and sustained* he said.

He informed that the sensitization workshop is designed not only to deepen our understanding of Whistleblowing policy in Nigeria but also to foster cooperation among the key stakeholders, which include the implementing team, the Civil Society Organisations, as well as members of the media.

In her closing remarks, the Permanent Secretary Federal Ministry of Finance, Mrs Lydia Shehu Jafiya, said that it is imperative to focus on strengthening the protection of whistleblowers and safeguard their identities.  This, she said, will encourage more individuals to come forward and contribute to the fight against corruption and misconduct.

The Permanent Secretary, who was represented by the Ministry’s Director of Human Resources Mr Olusola Dada
also observed the need for improving Reporting Mechanism so as to make reporting channels more accessible, user-friendly, and effective. *It is essential that these mechanisms not only facilitate the reporting of concerns but also ensure that those concerns are addressed promptly and transparently.*, she said

Mrs Jafiya emphasized that the journey towards an effective Whistleblowing regime is a collaborative effort. *Each of us has a role to play in nurturing an environment where integrity and accountability thrive. Let us take the knowledge and enthusiasm generated today and translate it into concrete actions that drive positive change*, Jafiya stressed

With the re-invigoration of the Whistleblowing
policy, the government aims to ensure transparency and accountability in the management of public finances and preserve the country’s assets.

The draft bill is a significant step towards achieving this goal and demonstrates the government’s commitment to fighting corruption and promoting good governance.

The one day sensitization workshop is themed: *Issues, Challenges and Way Forward*

Signed
Mohammed Manga *FCIA*
Director, Information and Public Relations
August 28, 2024

NDPC Boss, Dr Olatunji Inaugurates Local Organising Committee for 2025 NADPA-RADPA Conference

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The National Commissioner and CEO of the Nigeria Data Protection Commission (NDPC), Dr Vincent Olatunji, inaugurated the Local Organising Committee (LOC) for the forthcoming Network of African Data Protection Authorities (NADPA-RADPA) Conference and Annual General Meeting scheduled to hold in May, 2025 in Abuja. The inauguration took place at the NDPC office in Abuja.

Through the NDPC, the Federal Republic of Nigeria is set to host the 10th edition of this prestigious conference and AGM. This event will gather esteemed delegates and participants from across Africa and beyond, including Heads of Data Protection Authorities, data protection experts, multinational corporations, development partners, and foreign investors. This aligns with President Bola Ahmed Tinubu’s 8th-point agenda in the area of economic growth and job creation.

In his inaugural address, Dr Olatunji expressed his appreciation to the LOC members for their enthusiasm and willingness to collaborate with the Commission to ensure the success of the event. He underscored the significance of the conference, describing it as the largest event in Africa’s data protection and privacy ecosystem. “This event is not about the Federal Ministry of Communications, Innovation and Digital Economy (FMCIDE) or the NDPC alone, but about Nigeria. That is why we have selected committee members from diverse sectors,” he said.

The LOC comprises representatives from various sectors, including FMCIDE, NCC, NIPOST, NIGCOMSAT, the Ministry of Foreign Affairs, the World Bank represented by ID4D Project office, Digital Transformation Center, European Union, Meta, Google, AWS, Microsoft, Management Edge, ISACA, MasterCard, Office of Data Protection Commissioner, Kenya, and the media amongst others.

Dr Olatunji urged the committee members to work collaboratively and exchange ideas to bring the world to Nigeria and ensure the success of the event. He emphasized that the conference will be a crucial platform to showcase Nigeria as a peaceful, safe, and attractive investment destination. “We must highlight Nigeria’s positive image and prove that Nigeria is a good and hospitable country.” he added.

He noted that Nigeria’s hosting of the NADPA-RADPA conference underscores the NDPC’s traction within a short period of establishment and the nation’s commitment to data protection and digital innovation on the global stage. He said “though we started later than some in the data protection and privacy ecosystem, we have already made significant strides, even at the global level.”

The Network of African Data Protection Authorities (NADPA-RADPA), established in Ouagadougou in September 2016, consists of 23 Data Protection Authorities and others with observer status from across Africa. Its primary objective is to provide a platform for exchanges and cooperation among its members while amplifying Africa’s voice in global partnerships.

Itunu Dosekun
Head, Media Unit, NDPC

KOGI FIRST LADY HAJIA SEFINAT USMAN ODODO: AN INSPIRATION TO KOGI WOMEN

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Her Excellency, Hajia Sefinat Usman Ododo, the First Lady of Kogi State, is a paragon of virtues, wisdom, and exemplary leadership. She has been a role model and inspiration to all Kogi citizens, particularly women. Her encouragement of human values and promotion of our cultural heritage, which symbolizes peace and unity, is highly commendable.

Her selfless service to humanity and stewardship have earned her numerous certificates of excellence from various organizations. The Kogi State Market Women Association has also honored her for her inclusive leadership and empowerment of women.

Her positive impacts , commitment, and dedication to the progressive governance of Kogi State under His Excellency Alhaji Ododo Ahmed Usman are applauded. We pray for Allah’s guidance and wisdom to continue leading her in this noble endeavor, ensuring the betterment of Kogi citizens and the states’s future progress.

KOGI STATE GOVERNMENT CONDEMNS UNNECESSARY ATTACK ON ALH. MURI AJAKA AT THE SUPREME COURT

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KOGI STATE GOVERNMENT

PRESS RELEASE

1. Kogi State Government condemns in the strongest of terms, the unwarranted attack on Alh. Muritala Yakubu Ajaka at the Supreme Court, moments after the determination of the electoral litigations involving the Governors of  Kogi, Imo and Bayelsa States.

2. Governor Ahmed Usman Ododo of Kogi State has described the conduct of the hoodlums as barbaric, uncivilized and a grave danger to the institution of justice. He urged Nigerians from all walks of life to eschew resort to self help.

3. As a Government, we implore the law enforcement agencies to fish out the perpetrators and make them face the full wrath of the law to serve as a deterrent to others as well as protect the integrity and safety of our court environments across the country. 

4. We urge all Nigerians to support the path of constitutionalism and unity, which are the core values of President Bola Ahmed Tinubu’s administration. We all must support his lofty policies and values for the progress and development of our dear nation.

Kingsley Femi Fanwo
Commissioner for Information and Communications

25/08/2024

HAJIA SEFINATU ODODO SET TO SHOWCASE THE INDEGINOUS ATTIRE TO THE WORLD

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Hajia Sefinat Ododo, the elegant wife of Kogi State Governor, has once again showcased her cultural pride and sophistication by donning the majestic ‘Itinochi’ attire, a timeless traditional Ebira outfit.

With grace and poise, she embodies the essence of Ebira heritage, her beauty radiating like a beacon of cultural excellence. The intricate details of the ‘Itinochi’ adorn her with a regal aura, symbolising the rich history and traditions of the Ebira people.

Her appearance is a testament to her deep connection with her roots and her commitment to promoting cultural awareness. She is a shining example of a true cultural ambassador, inspiring others to embrace and celebrate their heritage.

Hajia Sefinat Ododo’s stunning appearance in ‘Itinochi’ is a masterpiece of cultural expression, a true reflection of her beauty, elegance, and dedication to preserving the traditions of the Ebira people. She is a treasure to behold, and her cultural pride is a gift to us all.

Kogi State Commissioners Congratulate Governor Usman Ahmed Ododo on Supreme Court Victory

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Date: August 24, 2024

The Kogi State Honourable Commissioner for Housing and Urban Development, Hon. Taiye Abanika, and the Kogi State Commissioner for Works, Engr. Muhammed Ahovi Yusuf, have expressed their heartfelt congratulations to His Excellency, Alhaji Usman Ahmed Ododo, on his recent victory at the Supreme Court.

The Supreme Court of Nigeria, in a landmark judgment, upheld the election of Alhaji Usman Ahmed Ododo as the Governor of Kogi State, dismissing all appeals challenging his victory in the gubernatorial election. The ruling has solidified his position as the duly elected governor, putting an end to any lingering uncertainties regarding the leadership of the state.

Both Hon. Abanika and Engr. Yusuf were present at the Supreme Court in Abuja to witness the proceedings firsthand. Following the court’s decision, they lauded the judgment as a victory for democracy and the people of Kogi State.

Speaking after the verdict, Hon. Abanika praised Governor Ododo’s leadership and dedication to the state’s development. He emphasized that the Supreme Court’s ruling is a testament to the governor’s legitimate mandate from the people, and expressed confidence in his continued efforts to transform Kogi State.

Engr. Yusuf, on his part, commended the judiciary for its impartiality and commitment to justice. He reiterated his support for Governor Ododo, stating that the ruling would allow the administration to focus on its developmental agenda without further distractions.

The commissioners, in their joint statement, called on all stakeholders and citizens of Kogi State to unite in support of the governor’s vision for progress and prosperity. They also assured the public of their continued efforts in their respective ministries to contribute to the overall development of the state.

The Supreme Court’s decision marks a significant moment in the political landscape of Kogi State, as Governor Usman Ahmed Ododo is now set to continue his tenure with renewed vigor, focusing on the welfare and advancement of the state’s residents.

NDPC Fines Fidelity Bank 555,800,000

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Following investigations into violations of Nigeria Data Protection Act, 2023 and the Nigeria Data Protection Regulation, 2019, Nigeria Data Protection Commission (the Commission) ordered Fidelity Bank PLC to pay a sum of sum of N555,800,000 (Five Hundred and Fifty-Five-Million-Eight Hundred-Thousand naira) only being 0.1% of the Bank’s annual gross revenue in 2023. This is to be paid within 14 days upon the receipt of the Notice.
The investigation into the data processing activities of Fidelity Bank PLC was triggered by a complaint from a data subject whose personal data was collected without lawful basis for the purposes of opening an account for the data subject. This complaint was lodged with the Commission in April 2023.
The Commission reviewed the data processing platforms of Fidelity Bank and found that in certain critical cases, the Bank processes personal data without informed consent of data subjects. Data processing tools such as cookies and banking apps were deployed in violation of the NDP Act. Its banking App at the material time had been downloaded over one million times.
Apart from internal non-compliance, the Bank relies on some non-compliant third-party data processors. The law not only enjoins an organization to be compliant, it also mandates its relevant vendors, agents or contractors, among others to be accountable when handling personal data of individuals.
It is to be noted that the initial decision of the Commission was issued since July 2023 and a directive to pay a remedial fee was issued in December 2023 Over ten correspondences were exchanged. The Commission issued repeated warnings to no avail. The Commission gave several opportunities for full accountability for over one year – taking into account the need to encourage compliance as a culture. However, Fidelity Bank did not provide requisite, satisfactory remedial plan.

The National Commissioner and CEO of the Nigeria Data Protection Commission, Dr. Vincent Olatunji, enjoins Data Controllers and Data Processors to eschew acts that may undermine trust and confidence in Nigeria’s capacity to protect data driven decisions and transactions. Dr. Olatunji notes that without demonstrable assurance of accountability in the exchange of goods and services, economic growth would be gravely hampered. However, through compliance with laws that protect freedoms of individuals, their lives and livelihoods, Nigeria will witness more and more momentum for sustainable development.

Signed
Babatunde Bamigboye, Esq. CDPRP
Head of Legal, Enforcement and Regulations

FEDERAL MINISTRY OF FINANCE ABUJA

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NIGERIA MAKES HISTORY WITH $500 MILLION BOND LAUNCH: A BOLD STEP TOWARDS ECONOMIC TRANSFORMATION- EDUN SAYS

PRESS RELEASE


In a groundbreaking move, the Federal Government of Nigeria has launched a $500 million domestic bond, marking a significant milestone in the country’s economic reform and development journey.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while unveiling the Series I USD500 Million Domestic FGN US Dollar Bond today in Lagos, stated that the launch was a bold step towards economic transformation
poised to attract both local and international investors.

*This historic initiative is aimed at raising a minimum of $500 million from both local and international investors, marking a significant step in Nigeria’s ongoing economic reform and development efforts*, he said

Edun stated further that the bond issuance, which is set to leverage the Nigerian financial system, including the Securities and Exchange Commission, the banking system, and investment bankers, represents a critical effort to attract foreign currency held by Nigerians abroad, as well as other international investors who believe in the macroeconomic reform initiatives spearheaded by President Bola Ahmed Tinubu.

In his presentation at the event, the Honourable Minister emphasized that the financial market thrives on creativity and innovation and that it is essential to encourage investors to participate in this strategic opportunity.

While highlighting the positive outcomes already being seen from the current economic policies, HM Edun
noted that government revenue and expenditure have been significantly revamped, and the trade balance is improving.

He informed of the government’s efforts in revitalizing the agricultural sector, which is taking on a new and promising direction.

The Minister informed further of  the present
administration’s successful interventions to reduce inflation and poverty, such as the removal of levies on food imports and the direct transfer of funds to the most vulnerable citizens. He stressed that this new bond initiative is another crucial step in bolstering Nigeria’s economy.

HM Edun underscored the importance of dollar funding, particularly in stabilizing the exchange rate, which he said is vital for the country’s economic stability.

Addressing the challenges faced by African nations in the international capital markets, the Minister explained that the rating systems often do not favour the continent. In response, he assured that Nigeria aims to take the lead.

With this historic bond launch, the Minister expressed optimism  that Nigeria is poised to become a continental financial hub, where other African nations can raise capital and drive economic growth.

Thus, the Honourable Minister’s visionary leadership and commitment to innovation have set the stage for a brighter economic future, especially now that Nigeria has taken the lead in harnessing diaspora savings and driving macroeconomic reforms, the country is well on its way to becoming a continental financial hub, driving growth and prosperity for generations to come

Signed
Mohammed Manga, *FCAI*
Director, Information and Public Relations
August 15, 2024

FEDERAL MINISTRY OF FINANCE ABUJA

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FG INAUGURATES TECHNICAL SUB-COMMITTEE ON NAIRA-BASED CRUDE SALES TO LOCAL REFINERIES

PRESS RELEASE


In a significant step towards enhancing Nigeria’s refining capacity so as to promote economic growth and development of the country, the Federal Government has inaugurated the Technical Sub-Committee tasked with developing the framework for the sale of crude oil to local refineries in Naira.

The Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, while inaugurating the Committee today in his office in Abuja, stated that the initiative, aligns with the presidential directive, aimed at revolutionizing the energy sector by reducing reliance on crude oil exports and fostering local expertise.

The inauguration took place following a stakeholders meeting where government officials and representatives of local refineries, including the Dangote Refinery, gathered to discuss the implementation of this strategic directive.

The committee, which includes the Permanent Secretary of the Federal
Ministry of Finance, Mrs. Lydia  Shehu Jafiya, the Executive Chairman of the Federal Inland Revenue Service (FIRS), Dr Zacch Adedeji as well as representatives from the Nigerian National Petroleum Corporation Limited (NNPCL), Central Bank of Nigeria (CBN), Afrexim Bank, Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has the critical role of crafting a robust template that will ensure the successful implementation of the initiative.

In his remarks during the inauguration, HM Edun  emphasised that this initiative is part of a broader strategy to position Nigeria as a refining hub, which will significantly boost the economy through the reduction of reliance on crude oil exports and fostering local expertise in the energy sector.

While commending the members of the committee for their dedication and anticipated contributions, the Minister urged them to work diligently in order to meet the expectations set by the presidential directive.

He reiterated that the ultimate goal is to transform Nigeria’s energy sector into one that is self-reliant and globally competitive.

With the inauguration of the Technical Sub-Committee, under the leadership of HM Edun, Nigeria is poised to witness a transformative shift in its energy landscape, especially with the task on the Committee to craft a robust framework for Naira-based crude sales, paving the way for a self-reliant and globally competitive energy sector.

As the nation embarks on this strategic journey, the ultimate goal of boosting economic growth, reducing poverty, and enhancing refining capacity is within reach.

Thus, the Committee’s diligent work will be instrumental in unlocking Nigeria’s full potential, and their contributions will be pivotal in shaping a brighter future for generations to come.

Signed
Mohammed Manga, *FCAI*
Director,  Information and Public Relations,
August 15, 2024

FEDERAL MINISTRY OF FINANCE ABUJA

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FINANCE MINISTER LEADS STRATEGIC MEETING ON NNPCL CRUDE SALES IN NAIRA

PRESS RELEASE


In a bold move to ensure the full implementation of the President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun has today in his office in Abuja met with relevant stakeholders with a view to ensuring the realization of this policy objective of the Federal Government

This initiative aims at  strengthening
the domestic economy as well as supporting the sustainable operations of local refineries, including the Dangote Refinery.

The meeting which brought together important stakeholders, including Mr. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil); Mr. Mele Kyari, Group Chief Executive Officer of NNPCL; Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS); Mrs. Lydia Shehu Jafiya, Permanent Secretary of the Federal Ministry of Finance; and other notable participants provided an opportunity for in-depth discussions, which underscored longstanding challenges within the petroleum sector.

As the meeting drew to a close, a sense of strong confidence and collective purpose filled the air with HM Edun expressing optimism that with the collaborative efforts of all stakeholders, this groundbreaking initiative will empower local refineries, stimulate economic growth, and redefine the nation’s petroleum landscape.

By harnessing the collaborative spirit of key stakeholders,
Nigeria is poised to witness a transformative shift in its economic trajectory. Thus, the country is set to unlock new opportunities, overcome longstanding challenges, and emerge stronger.

The Naira Crude Sales initiative marks a significant milestone in Nigeria’s journey towards economic prosperity, and all eyes are on the promising future that lies ahead.

Signed
Mohammed Manga, *FCAI*
Director, Information and Public Relations
August 13, 2024