Connect with us

News

Security: Odumosu Reads Riot Acts to Banks, Other Financial Institutions, Raises Committee

Published

on

The Commissioner of Police, Lagos State, Mr. Hakeem Odumosu, has frowned at the lackadaisical attitude of some banks and other financial institutions in Lagos State with regards to security of facilities and cash in transit.

According to a statement signed by the Police Public Relations Officer, Olumuyiwa Adejobi, Odumosu bared his mind during a meeting on Tuesday with Banks and Cash In Transit officials, at the conference hall of the police command, GRA, Ikeja.

The Commissioner kicked against conspiracy, security lapses and unprofessionalism suspected to have been exhibited by banks and CIT officials in the attacks on bullion vans in Lagos State recently.

The police boss particularly referred to the attack on a bullion van at Langbasa- Ajah Area of Lagos State recently, where there was no adequate and/or official deployment of men for such movement. The two (2) policemen allegedly on the escort movement were procured illegally and without the knowledge of the command.

“This kind of a movement is condemned and unacceptable in totality,” he said.

He therefore ordered that henceforth, adequate security must be provided for their facilities and movement of cashes (cash in transit) after due approval for such movement by the Commissioner of Police as the police command will no longer tolerate any kangaroo security arrangement for cash in transit in the state.

The police boss also directed that Standard Operating Procedure on Species Escort (movement of valuables) be sustained; noting that there must be minimum of two (2) operational vehicles conveying fully armed policemen escorting a bullion van which must be fully armoured.

Similarly, in compliance with traffic rules, the Commissioner of Police strongly warned them against driving on One Way and BRT corridors, driving of bullion vans without or with covered number plates, breaking of traffic light and reckless driving on highways. He further warned that bullion vans must be roadworthy and standardised by the State Commands Transport Officer.

The CP ordered Area Commanders, DPOs and Heads of Departments to henceforth stop and contravene any bullion van on movement without due compliance with the stipulated security arrangements and traffic regulations in the state. He also warned the Commanding Officers of Police Mobile Force in the state to desist from deploying men to banks and financial institutions without due approval of the Commissioner of Police.

In addition, Odumosu encouraged banks to fortify security in their facilities by installing more sophisticated CCTV cameras that have 100 day recording capacity so as to have a backup and source of evidence in police investigation of any incident within their areas of responsibility.

At the end of the meeting, CP Hakeem Odumosu formed a committee for the implementation of the rules and regulations of providing security to banks, financial institutions and movement of valuables (cashes) within the state. The committee comprises the Deputy Commissioner of Police, Department of Operations, DCP Mohammed Ali, Officer in Charge of Bank Guards, Lagos State Command, two of the Chief Security Officers of the bankers and two representatives of the Cash In Transfer firms.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Experts Urge States to Focus on Revenue Generation, Fiscal Transparency

Published

on

…Extol Sokoto for performance

Public Finance experts, and business analysts have urged Nigerian States to focus more on internal revenue generation rather than waiting on the Federal Government to allocate funds to them.

This was part of the conclusion reached at the January 2021 CIAPS Roundtable tagged “Fiscal Transparency Accountability and Sustainability of Nigerian States”. The event hosted by the Lagos based international Graduate school CIAPS had participants from across the 36 States for the federation and from outside Nigeria discussed how Nigerian States were doing in terms of budgeting, revenue, debt management and fiscal responsibility.

Lead discussants at the CIAPS Roundtable included Ayo Teriba, CEO Economic Associates, Phillip Isakpa, Executive Director Businessnewscorp and Yemi Kolapo Editor In Chief at The Point Newspaper, the event was chaired by Anthony Kila.

Dr Ayo Teriba lead the conversation and opend by disagreeing with the general concept introduced by Prof Anthony Kila that many Nigerian States were not financially viable. According to Teriba every State in Nigeria has the potential for being viable, it is just about having the right leadership that can identify how to generate wealth. Teriba noted that too little is being done by States to generate investments and that no Nigerian State has a portal dedicated to attracting and guiding investors. He listed the Economy, Natural Capital, Human Capital and Governance as the four levers that the states need to push on to generate revenue.

In analysing the Fiscal Transparency Accountability and Sustainability of States, Mr Philip Isakpa noted that generally speaking too many individuals and businesses are focused on the Federal Government instead of looking at what states are doing. He called on all to be more vigilant of and involved with States Government. Philip Isakpa agreed with Anthony Kila that the tying grants to fiscal responsibility is a very good move that allows citizens and businesses to know and access which States were doing well and which ones were doing badly.

Ms Yemi Kolapo sounded a note of caution warning that while the performance conditioned grant was a good thing, we should be careful to make sure that States are actually doing good things and they are not just working the books to get funds.
Prof Kila invited the media and other observers to provide information of the States doing well and those doing badly in terms economic management and fiscal responsibility. “We need to know who are the performers and who are the bench warmers” noted Kila.

The federal government early January disbursed N123.34 billion performance-based grant to eligible states under the World Bank supported states fiscal transparency, accountability and sustainability (SFTAS) programme for results.

Mrs. Zainab Ahmed, minister of finance, budget and national planning, announced then that Sokoto state received the highest amount of N6.612 billion while Kano state got the lowest amount of N1.710 billion. Bayelsa, Imo, Rivers and Zamfara States got zero allocation due to their inability to meet the 2019 eligibility criteria which required States to publish online approved annual budgets and audited financial statements within a specific timeframe.

In separate interviews many of the experts that participated at the event urged all states to focus on Revenue Generation and Fiscal Transparency and to learn from Sokoto State that was able to lead the table of performing states. Rotimi Olarewaju a financial analyst noted that Sokoto state must be praised and used as an example for other States since it is showing others that wining the World Bank performance-based grant is possible.

Continue Reading

News

After Losing to Sheffield, Solskjaer Claims Referee Made Two Mistakes

Published

on

Ole Gunnar Solskjaer criticised referee Peter Bankes for making two mistakes as Manchester United were beaten 2-1 by Sheffield United.

The Manchester United boss was not happy with the referee for allowing Kean Bryan’s opening goal to stand at Old Trafford despite Billy Sharp’s interference with David de Gea, and ruling out an effort by Anthony Martial minutes later.

Solskjaer told BT Sport: “It’s a foul. Billy Sharp just runs into him (De Gea) so he can’t get up, so it’s a foul.”

When asked about Martial’s disallowed effort, Solskjaer said, “No foul… but it’s this kind of season, inconsistencies, so it’s going to be unpredictable. But it’s two mistakes by the referee.”

Solskjaer’s side had the chance to leapfrog Manchester City back into top spot but froze under the pressure against bottom-of-the-league Blades, who had only won once in the Premier League this season.

Aaron Ramsdale was not overly tested in the Sheffield United goal as Manchester United only mustered four shots on target.

“We had all the possession but when you concede two bad goals it’s always going to be difficult,” Solskjaer said.

“We didn’t create big enough chances to score enough goals.

“That magic was missing, that little bit extra. They defended well, fair play to them but we didn’t have the right ideas or solutions.

“It wasn’t to be, the second goal we conceded is so poor, so sloppy. Easy. We stopped getting out to the ball, three or four bad decisions which is out of character.

“There will be no big inquest. There have been so many odd results this season but with the world as it is we have been the most consistent team, it hit us today.”

The Blades had just five points to show from their first 19 games – the worst haul in Premier League history – and had not beaten the Red Devils since 1993, with their previous Old Trafford victory coming in 1973.

And despite only naming six substitutes and having to rely on 38-year-old Phil Jagielka at centre-back – who subsequently put in a man-of-the-match performance – Chris Wilder’s men grabbed a richly-deserved three points.

“We have to play close to near perfect to get results and if you make mistakes, then you get punished,” Wilder said.

“It’s a brutal league and you have to be at your best every week. And sometimes it’s difficult to do that. Tonight we were good, we were brave in possession when we had to be and we created some little half-chances. You have to take those big moments and we took two, to give us a result.

“A slight deflection for the second goal but we all need that bounce of a ball. We’ve kept going, we have an identity and we’ve shown it tonight. We’ve had a little break, took it and managed to see the game out.”

Continue Reading

News

Concentrate on How to Fix Healthcare Facilities, Not COVID-19 Vaccines, Bill Gates Tells FG

Published

on

American philanthropist and co-founder of Microsoft, Bill Gates, has advised the Nigerian government to prioritize fixing its healthcare sector rather than spending money on COVID-19 vaccines.

Bill Gates gave the advice during a virtual press conference on Tuesday ahead of the launch of the 2021 Bill and Melinda Gates Annual Letters.

Gates said that the deaths from the deficits of primary health care were dramatically higher every year than the total deaths going on in Africa from the COVID-19 pandemic.

He stressed that the impact of investing funds into the health system, particularly the primary health care system, would be very high in terms of saving children’s lives.

Bill Gates advised the Nigerian government to wait for the GAVI vaccines rather than diverting its limited health fund into trying to pay a high price for other COVID-19 vaccines.

He strongly advised the government to invest the proposed vaccine funds into other health-related areas, stressing that it would assist to deepen vaccine coverage and save lives.

“The key is that Nigeria is still eligible (for GAVI Vaccinee), and so, for a lot of those vaccines, they will come through the GAVI facility that we’ve raised money for.

“I’m an advocate for the government to have more resources and prioritise health. Obviously I’m not a voter in Nigeria, so Nigeria can decide that independently.

“So my advice is that the primary health care system is what’s super important and that with those finite resources, you have to prioritise expenditure.

“And in that case, waiting for the GAVI vaccines would be the best thing. So I hope it causes everyone in society to look at these health issues.

“There should be close to 100 per cent coverage of all the vaccines and you need to have those very functional primary health care systems because the number of lives you can save is absolutely huge,” he said.

Continue Reading