Tag: dubai

  • Popular Nigerian billionaire jailed for financial crime in Dubai

    Popular Nigerian billionaire jailed for financial crime in Dubai

    A Nigerian billionaire, Abdulrahman Bashar, has been sentenced by a Dubai court  to one year imprisonment for a financial crime involving CI Energy Company, an oil and gas firm.

    TheNewsGuru reports that the UAE court found Bashar who is also the owner of of Rahmaniya Group and Ultimate Oil & Gas guilty of issuing seven cheques with a combined value of 126.45 million dirhams, drawn on an Emirates Islamic Bank account, with mismatched signatures. 

    According to court documents obtained by Premium Times, the Nigerian businessman was accused of deliberately signing the cheques in a manner that prevented them from being cashed.

    Bashar, 48, refused to appear in court for the trial despite being notified countlessly. During trial, the prosecution presented evidence which included statements from Jamal Awad Nasser Hussein, an agent of CI Energy, as well as duplicates of the cheques and bank account statements.

    The court in its verdict, delivered on January 30, 2025,ruled that the crime of issuing a cheque was established as soon as the cheques were given to the beneficiary, knowing there were insufficient funds or other irregularities preventing withdrawal. 

    The Judge, Hussein Hamdi stated that Bashar’s denial of the charges was an attempt to avoid punishment.

    To expedite justice, the court referred a civil case for compensation filed by the prosecution to a competent civil court, citing the need for specialized investigation.

    According to his company’s website, Abdulrahman Bashar is the chairman of Ultimate Oil and Gas DMCC and managing director/CEO of Rahmaniya Group of Companies in Nigeria. His conglomerate spans Africa, Europe, South Asia, and the Middle East, specialising in oil and gas exploration, marketing and distribution.

  • UK teenager jailed for sex with 17-year-old girl in Dubai

    UK teenager jailed for sex with 17-year-old girl in Dubai

    A British teenager (18) has been jailed for one year for having a sexual relationship with a 17-year-old girl in a Dubai

    TheNewsGuru.com(TNG) reports that the boy was on holidaying with his family in the United Arab Emirates (UAE) when he met the girl who is also from London at the same hotel.

    The teenagers were said to have made plans to continue their romance when they returned to the UK, however, their plans were cut short, after the boy was charged because the girl’s mother found their chats and pictures back in the UK.

    A group of UAE legal experts, Detained in Dubai said the girl’s mother contacted police in Dubai and he was arrested.

    The head of the campaign group Detained In Dubai, who recently announced the teenager’s sentence, described the judgment an “utter disgrace”.

    “The UK was once the most diplomatically influential western country in the Middle East. Now, we are seeing countries like Canada, Malaysia, Ireland and the US leaving the UK way behind,” Radha Stirling, the group’s founder, wrote on X.

    “The Labour government should be ashamed they have not secured the freedom of a teenage tourist. It wasn’t a difficult job.”

    She said the boy, who has been held in Dubai since September, would appeal against his sentence and was “desperately hoping to come home this week”.

    “I urge young people and parents to reconsider holidays in Dubai where so many people find themselves at risk of unfair and lengthy detention in prisons notorious for human rights abuses and torture,” Stirling added.

  • Nigeria-Dubai visa face-off and matters arising

    Nigeria-Dubai visa face-off and matters arising

    By Tosin Kolade

    The visa policies between Nigeria and the United Arab Emirates (UAE) have been a topic of intense debate in recent months.

    Dubai is a popular destination for Nigerians, both for tourism and business. However, recent changes in visa regulations have sparked controversy and raised several issues.

    It may be recalled that Dubai’s Emirates Airline stopped flights to Nigeria because it claimed Central Bank of Nigeria did not remit around $85 million in earnings to UAE.

    Following several meetings with the UAE government, the Nigerian government assured its citizens that the visa ban would soon be lifted.

    That same month, the Nigerian government announced that it had paid 98 percent of the $85 million.

    In October 21, 2022, the UAE announced a more stringent visa policy for Nigerian citizens and 19 African countries, citing security concerns and the need to regulate the influx of visitors.

    The new policy includes more rigorous application processes, higher fees, and stricter scrutiny of visa applicants.

    The immediate impact of the new policy has been felt by many Nigerians who had plans to travel to Dubai for various purposes.

    Business owners who frequently travel to Dubai for trade and commerce have reported significant disruptions to their operations.

    Tour operators have also seen a drop in bookings as potential tourists are deterred by the complicated visa process.

    The economic and tourism implications of this policy change are significant.

    Industry watchers believe that Nigeria is one of Dubai’s key markets in Africa, and the reduction in Nigerian visitors could affect Dubai’s tourism and retail sectors.

    One of those affected by the new visa regulations is Hajiya Amina Yusuf, a Nigerian businesswoman who imports fabrics and jewelry from Dubai.

    “This new policy has been a nightmare for my business, I have had to cancel several orders because my staff can’t get visas to travel to Dubai and inspect the goods before paying.”

    For Chinedu Okeke, a tour operator in Abuja, the new visa rules led to a dramatic drop in bookings.

    “Dubai was a top destination for Nigerian tourists, Now, many of my clients are looking elsewhere because the visa process is just too complicated and expensive”, Okeke said.

    Adeola Adebayo, a Nigerian student who planned to attend a conference in Dubai, shared her disappointment.

    “I was really looking forward to networking and learning at the conference, but my visa application was denied. It’s frustrating because it feels like our opportunities are being limited”, she said.

    Public reaction in Nigeria has been mixed. Some citizens support the government’s call for a reconsideration of the policy, viewing it as an unfair restriction.

    Others see it as an opportunity to boost local tourism and business, suggesting that Nigerians should explore other destinations and markets.

    A Public Affairs Analyst, Mr John Ikwebe, said the visa restriction was a double-edged sword.

    “While they may address security concerns, they also hinder economic and cultural exchanges that benefit both nations.”

    Ikwebe noted that it was crucial for both countries to find a middle ground that addresses security issues without stifling economic growth and people-to-people connections.

    The visa issue has also strained diplomatic relations between Nigeria and the UAE.

    Nigerian government officials have expressed their dissatisfaction with the new policy, urging the UAE to reconsider its stance.

    In response, the UAE had emphasised its sovereign right to regulate its immigration policies while expressing willingness to engage in diplomatic dialogue.

    However, on July 15, 2024, Nigeria’s Information Minister, Mohammed Idris, announced that the ban “has been lifted following a mutually beneficial discussion” between Nigeria and the UAE”.

    Idris said the Federal Government and the UAE authorities have reached an agreement vacating travel restrictions imposed on Nigerians with immediate effect.

    The minister revealed that Nigerian passport holders can now travel to the UAE without any hindrance.

    He also asked Nigerians seeking information on the updated UAE visa conditions can visit documentverificationhub.ae for further details.

    He said, “I can tell you that the agreement has been reached and effective from today, Nigerian passport holders intending to travel to the UAE are able to do so.

    “You are aware that Nigeria has been discussing with the United Arab Emirates the issue of visas for Nigerian passport holders going to the United Arab Emirates.

    “Today, an agreement has been reached on that, and effective from today 15th July, Nigerian passport holders are able to obtain visas to go to the United Arab Emirates.

    “Details of that will be provided to you later today when we put out a statement.”

    As the conversation unfolds, United Arab Emirates say it is considering slashing visa and Document Verification Number (DVN) for Nigerians.

    Following the recent lifting of the visa ban, the UAE imposed more controls on the visa process, requiring document verification to ensure the authenticity of documents submitted by applicants.

    The DVN fee was structured at N640, 000 by the website managing the DVN process.

    Additionally, a bank balance of N15 million was requested as a precondition to obtain a visa.

    Looking ahead, the future of Nigeria-Dubai visa relations remains uncertain.

    Experts say both nations have a vested interest in maintaining a positive relationship, and ongoing negotiations could lead to a more balanced policy.

    They believe that as both countries navigate these changes, the hope is for a resolution that benefits all parties involved, fostering mutual respect and continued cooperation.

    NAN

  • Emirates Airlines sets date to resume operations in Nigeria

    Emirates Airlines sets date to resume operations in Nigeria

    Emirates Airlines has announced to resume operations to Nigeria from October 1, 2024 between Lagos and Dubai.

    In a statement on Thursday, the airline, with its hub in the United Arab Emirates (UAE), said flight services will be operated using a Boeing 777-300ER.

    Emirates’ Deputy President and Chief Commercial Officer, Adnan Kazim, said, “We are excited to resume our services to Nigeria. The Lagos-Dubai service has traditionally been popular with customers in Nigeria and we hope to reconnect leisure and business travellers to Dubai and onwards to our network of over 140 destinations.

    “We thank the Nigerian government for their partnership and support in re-establishing this route and we look forward to welcoming passengers back onboard.”

    Emirates Airlines had suspended its Dubai-Lagos flights in 2022 over its inability to repatriate trapped funds in Nigeria in the heat of the diplomatic row between the two countries.

    Nigeria and the UAE have a long history of restriction of flights between both countries based on certain unresolved issues surrounding the Bilateral Air Services Agreement (BASA). Visa restrictions later surfaced as diplomatic fireworks continue between Nigeria and the UAE, which is a top destination for Nigerian migrants and tourists.

    In September 2023, President Bola Tinubu met with UAE President, Mohamed bin Zayed Al Nahyan, in Abu Dhabi, to smoothen the rough edges in the diplomatic relations between the two countries.

    Nigeria’s Minister of Aviation and Aerospace Development, Festus Keyamo, recently said Emirates Airlines has indicated a definite date to resume flight operations to Nigerian airports.

    However, the UAE has not officially announced its latest decision on visa ban imposed on Nigerian travellers.

  • Why accident and seized vehicles litter our stations nationwide – Police

    Why accident and seized vehicles litter our stations nationwide – Police

    Olumuyiwa Adejobi, Force Public Relations Officer, Force Headquarters, Abuja, has said it is not the fault of theirs that accidented and seized vehicles litter police stations across the country.

    Adejobi was reacting to a query via X (formerly Twitter) when he argued Nigerian motorists drive recklessly and are involved in road traffic accidents too frequently.

    The Force Public Relations Officer stressed that the police cannot dispose of these vehicles without a court order, adding that the process is cumbersome.

    An X user identified as Uduh Chukwuma had questioned the police officer on why police stations in the country are littered with accidented vehicles compared to what is obtainable in Dubai.

    Reacting, Adejobi wrote: “Stations littered with accident(ed) and seized vehicles are not the fault of the police.

    “It’s a legal matter and, in most cases, reckless nature of some Nigerian drivers.

    “In Dubai, they are not reckless on the road, and you can’t drive in Dubai without being certified and licenced. This is common in Nigeria.

    “The citizens comply and respect the law in Dubai. Many of us in Nigeria deliberately disregard and disobey the law.

    “They don’t record many road crashes as we do here and be guided that the police can’t dispose of these vehicles without a court order. The process is cumbersome.

    “Note again that the rate at which we kill ourselves through road crashes is alarming.

    “I know, and based on records we keep, that road crashes claim more lives of innocent Nigerians than the acclaimed insecurity sagas in the country.

    “Let’s always address issues objectively, without sentiments, so that we liberate and defend this country from our common but avoidable challenges”.

  • COP 28 and the allure of Dubai to Nigerians – By Magnus Onyibe

    COP 28 and the allure of Dubai to Nigerians – By Magnus Onyibe

    Just as flowers are drawn to butterflies, Nigerians are similarly captivated by Dubai, United Arab Emirates (UAE). To the ordinary Nigerian, Dubai embodies a fusion of London, Paris, and the bustling metropolises of New York and Los Angeles.

    For many Nigerians, Dubai serves as a quintessential hub of entertainment, particularly for individuals lacking the financial means, visa privileges, or time to venture to other continents like Europe and North America. Dubai, with its amalgamation of pleasure and business infrastructure, symbolizes a comparable experience that might otherwise be inaccessible to those facing constraints in travel resources.

    Therefore the convergence of Nigerians in Dubai for the ongoing COP38 extends beyond a typical climate change conference. At this event, the most significant threat to humanity in the current century is under discussion, and over one hundred thousand delegates from 92 countries worldwide, including scientists, political figures, and business leaders, are participating in this discourse.

    The primary objective of the 1,411 Nigerian delegates attending COP28 in Dubai was not solely focused on discussing strategies to address environmental concerns and safeguard the planet. Admittedly, a significant aspect of the agenda of some Nigerians included the fulfillment of a long-awaited desire to revisit Dubai.

    This desire arose in the aftermath of a ban imposed on the country last year, prohibiting them from visiting the city. Dubai is renowned for its appeal to individuals with hedonistic tendencies, offering an environment conducive to the satisfaction of pleasure and leisure needs. As a city, it has historically attracted those inclined towards indulging in occasionally voyeuristic preferences.

    It is important to note that Nigerians, along with citizens from 20 other African countries, were slammed with a prohibition from visiting Dubai due to a string of serious crimes, including financial fraud, prostitution, armed robbery, and involvement in cult activities.

    Subsequent to the imposition of this ban, Nigerian individuals with a vested interest in sustaining business activities redirected their focus to Istanbul, Turkey. This shift in preference is attributed to Istanbul serving as their primary hub for procuring goods intended for sale within the Nigerian market.

    Turkey seems to have positioned itself as an appealing alternative to Dubai, owing to its strategic location at the crossroads of Europe and the Islamic world. Historically recognized as Constantinople and aligned with the Western hemisphere and Christian civilization for centuries, Turkey underwent a transformation following a war waged by the Turks who conquered the Christian Byzantine empire in 1453, with the country ultimately evolving into a predominantly Islamic enclave over time.
    Her proximity to Europe (a stone throw to Germany) gives it a European outlook and access to technology, particularly from Germany; hence, good-quality products are produced there and are attractive to Nigerian traders for resale in Nigeria.

    Due to the predominant Islamic orientation in the northern region of Nigeria, which is comprised mainly of Muslims, historically Cairo, Egypt, was favored as their preferred destination for higher education in Islam, general knowledge acquisition, and leisure.

    Recognized as the focal point of Islamic activities in Africa, Cairo served as a hub for religious pursuits. Subsequently, with the emergence of Dubai as a prominent center for both trade and leisure, these northern Nigerians shifted their focus to this burgeoning city.

    The transition occurred seamlessly and organically, owing to the incorporation of traditional Islamic settings, complemented by the amalgamation of the enchanting elements found in the European and North American cities of Paris, London, New York, and Los Angeles, as previously emphasized.

    Apart from Nigerians from the Northern region who are predominantly Muslim and are drawn to Dubai due to their Islamic orientation, individuals from other regions of the country, particularly those who are non-Muslims and have historically traveled to Lebanon, often referred to as ‘Little Paris’ in the good old days for business and leisure, are also enticed by the allure of Dubai and the abundant business opportunities it offers.

    But contrary to the seamless shift experienced from Egypt and Lebanon to Dubai, Nigerians have encountered challenges in embracing Istanbul as a substitute for Dubai. Despite regulatory restrictions, the allure of Dubai persists steadfastly,arguably even intensifying.

    This phenomenon can be likened to the fervent yearning of an opium addict for a narcotics fix or the restlessness of a habitual smoker placed in a setting where smoking is prohibited.

    In light of the aforementioned scenario, it is imperative to assess the substantial contingent of 1,411 Nigerians, including 422 officials, currently participating in COP 28 in Dubai that end Tuesday 12th December.

    The seemingly excessive number of attendees from Nigeria last week sparked a significant controversy within the political sphere.

    Many critics were astonished that, amid the profound economic challenges faced by the populace resulting from the economic reforms—specifically, the elimination of subsidies on petrol pump prices and the devaluation of the naira by the current administration—there appeared to be a lavish gathering in Dubai. Nigerian public office holders were perceived to be indulging in extravagant activities at the expense of limited public funds, causing widespread disapproval.

    But it appears that the prevailing perception is not entirely accurate. So it is crucial to convey the truth to the public in order to dispel any misconceptions regarding the substantial participation of Nigerians in COP 28. This could have helped avoid the erroneous belief that the extensive attendance was merely for frivolous purposes and an unwarranted expenditure of public funds
    .
    The managers of the public affairs of the administration left that flank open for the opposition to twist and score cheap points, which, although temporary, has further dented the image of the incumbent government in the eyes of the flustered public.

    Clearly, public outrage was largely fueled by opposition parties, with Mr. Peter Obi, the 2023 presidential candidate of the Labor Party, also known as OBIDIENTS, spearheading the effort. He asserted that the government had funded the attendance of the 1,411 Nigerian citizens registered by Dubai authorities.

    Following the controversy sparked by the erroneous assertion, pertinent authorities have since clarified that government funds supported only 422 delegates, with 63 hailing from the presidency. Despite this clarification, a substantial number of Nigerians still find the figure excessive, vehemently denouncing it as an imprudent utilization of public resources.

    In justification of their decision, the officials at Aso Rock Villa and the Federal Ministry of Information have asserted that, as a prominent oil-producing nation ranking 7th among the Organization of the Petroleum Exporting Countries (OPEC), Nigeria was obligated to participate fully in COP28.

    This commitment is particularly emphasized due to the substantial advantages associated with COP28, which presents a crucial opportunity to establish partnerships in the realm of green energy.

    The global focus on mitigating the adverse impacts of climate change, currently recognized as humanity’s paramount challenge, underscores the significance of Nigeria’s active engagement in this progressive initiative.

    The widespread protest by Nigerians in the media space against the government’s handling of the substantial delegation attending COP 28 was aimed at eliciting consequences for public officials, echoing the public outrage expressed by the British populace when it was revealed that former Prime Minister Boris Johnson hosted parties for revelry at 10 Downing Street during the COVID-19 lockdown.

    The revelation of such actions deeply scandalized and disgusted Britons, who called for inquiries on the matter.

    It is worth underscoring the fact that British citizens encountered significant challenges during the COVID-19 pandemic, including critical situations such as childbirth and serious illnesses that necessitated visits to emergency rooms. However, strict adherence to lockdown rules was mandatory, even in such life-threatening circumstances.

    Notably, Prime Minister Boris Johnson’s chief adviser, Dominic Cummings, deviated from these regulations because, while infected with COVID-19, he undertook a journey from London to Durham, covering 264 miles, to join his family at the height of the pandemic.

    As a demonstration of their displeasure, substantial public pressure was mounted for an investigation into his actions, and calls for his dismissal gained momentum upon confirmation that he had indeed violated the law, rendering him accountable.

    Furthermore, when it came to light that the Prime Minister, Mr. Johnson himself, had been partaking in festivities at 10 Downing Street, the official residence of the British prime minister and seat of power, at a time when Britons were prohibited from gathering due to COVID-19 protocols, the public, already grappling with the hardships induced by the epidemic, expressed unwavering discontent.

    Consequently, there was a loud call for his resignation, leading to the termination of his prime ministership since the British populace was dissatisfied with his leadership style, which was deemed inappropriate.
    The negative public opinion, which had reached a crescendo, played a pivotal role in the decision for Mr. Johnson to resign as Prime Minister on June 10 last year.

    If those who orchestrated the protest against President Tinubu in Nigeria anticipated a parallel outcome to the events in the UK, I would like to remind them that just as “Edo no be Lagos,” similarly, “Nigeria no be UK.”
    Those adept at deciphering euphemisms will discern the subtlety embedded in this anecdote.

    Meanwhile, this is not the first time that President Tinubu’s administration has found itself under scrutiny due to issues related to Dubai. Following his attendance at the G-20 summit in India, President Tinubu made a stopover in Dubai as part of an investment drive.

    After productive discussions with Dubai leaders, President Tinubu’s spokesman, Ajuri Ngelari, officially announced the uplifting news that the visa ban for Nigerians traveling to Dubai had been lifted. This announcement was met with widespread enthusiasm and optimism.

    Upon the revelation that the young man’s assertion was unsubstantiated, it became evident that he had preemptively jumped to conclusions. Diplomatic matters of such magnitude typically require time to fruition, and the subsequent backlash was substantial.
    It seems the aftermath of this incident had not subsided when a new development emerged concerning the purportedly inflated count of Nigerian attendees at COP28.

    Let’s be unequivocal in stating that there is merit, rather than fault, in opposition parties scrutinizing the ruling party. This is an inherent aspect of democracy and is fundamentally advantageous for Nigerians.

    Holding their political leaders accountable for financial prudence is essential.
    As the Indian anti-colonial nationalist and political ethicist Mahatma Ghandhi posited, “Honest differences are often a healthy sign of progress.”

    The public is rightfully demanding greater fiscal responsibility and transparency from those who occupy influential positions in the corridors of power, symbolized by name plates adorning offices in Aso Rock Villa, the presidential seat of power, the National Assembly (NASS), governors’ mansions across the 36 state capitals, and state houses of assembly.

    Upon careful reflection, it is indisputable that Nigerians possess an abundance of energy, enthusiasm, and proficiency in pursuing both business and pleasure. This inclination is notably exemplified by the significant number of individuals flocking to Dubai.

    The Offshore Technology Conference (OTC), an annual event situated in Houston, Texas, USA—the epicenter of America’s oil and gas industry—has consistently attracted a significant number of Nigerian entrepreneurs.

    This gathering serves as a hub for seeking lucrative business partnerships and franchises from prominent oil and gas corporations, which actively establish a significant presence at the conference.

    I can personally attest to the fact that numerous successful business ventures in Nigeria owe their inception and growth to opportunities secured during the OTC. So, the conference has played a pivotal role in breathing life into these enterprises, contributing significantly to their current thriving status.

    Based on the aforementioned, there is a strong likelihood that Nigerian participants at COP 28 in Dubai, currently facing criticism from the online community, might soon transition into green energy entrepreneurs. This transformation, anticipated to stem from ongoing efforts to cultivate business relationships in the renewable energy sector, has already started manifesting.

    As part of the positive outcomes, Oando Clean Energy (OCEL), a subsidiary of Oando Energy Resources, has announced the matching of the federal government’s promise at COP28 to acquire 100 electric buses for mass transit as part of her efforts to reduce carbon emissions, aggravating the climate change crisis.

    So OANDO will be delivering 50 electric buses to Lagos State, and the rest will be deployed to states across the country, including the Federal Capital Territory (FCT.

    With respect to Nigerians being ridiculed for their attendance at COP28 in Dubai, it is crucial to recognize that their participation holds significant potential. Unlike those who criticize Nigerians attending international conferences and advocate for their confinement within the country, it is essential to consider the positive impact they can have.

    Suggesting that Nigeria takes cues from the decision of Malawi’s President, Lazarus Chakwera, to abstain from participating in COP28, ostensibly in a bid to reduce costs, is mischievous and uncharitable.

    The style may be worth highlighting and commended since, by nature, such public chastity amounts to playing to the gallery, which is good for the optics, but just because it is good for Malawi does not mean such an approach is equally good for Nigeria.

    For instance, as a country, Nigeria is smack in the heart of the climate change crisis because she is a major fossil fuel-producing nation, whereas Malawi is not.

    Also, as part of the COP28 agenda, a Loss and Damage Fund was launched, and over a trillion dollars has so far been raised in pledges.
    It is fortuitous that Nigerian Tariye Gbadegesin, a Harvard University-trained expert, has been appointed the Chief Executive Officer and CEO of the Climate Investment Fund, which is a platform for securing financial support to combat the climate crisis.
    Does that not represent a positive outcome for our country in the manner that Wally Adeyemo is the deputy security of the US Treasury?

    Now, I have heard and read criticisms in the mass media against the Nigerian authorities for having 1,411 attendees at COP28, which is the exact number that China, a country with a population in excess of 1.3 billion and the second richest country in the world, also featured in COP28 in Dubai.

    I need to remind critics that unlike Nigeria, which is a victim of the climate change crisis,China is one of the major polluters of the environment, resulting in the looming climate crisis. Therefore, she needs to be less enthusiastic about remedy as Nigeria, which is seeking redress, and one of the reasons Nigerians showed up in Dubai is enmasse.

    Basically, China is an aggressor in the climate change space, trying to diminish her culpability, hence her relatively tame rather than bullish contingent, while Nigeria is a victim, hence the official delegation of 422 and not 1412, as had been alleged by the usual suspects.

    In the international relations space, countries are not moralistic but often selfish.

    Hence, the UAE and indeed the Arab world, as well as fossil fuel-producing countries, are not in bed with the Western world on their agenda to end the use of fossil fuel in cars in 2030 and approve of only the use of electric vehicles, for which the advanced and industrialized world is calling for an end to fossil fuel exploration.

    But the President of COP28, Sultan El Jaber, who is one of the ministers of the UAE, has stated that such a demand to end fossil fuel exploration is premature.

    It is a comment that drew the ire of the Western and industrialized world, as reflected by the angry retort by Al Gore, a former vice president of the USA under President Bill Clinton, who, owing to the fact that he is a powerful advocate for climate change mitigation, has expressed indignation at the COP28 president’s comment.

    Meanwhile, Nigerians, driven by their entrepreneurial spirit, stand poised to contribute substantively to our economy based on the alliances and partnerships that they may develop from being involved in COP28.

    Their participation in conferences abroad often translates into increased productivity and the creation of much-needed employment opportunities for our youth.

    Given the current unemployment rate in our country, which has reached an unprecedented 54%, the infusion of entrepreneurial energy is vital. That is more so because it is this pressing concern about unemployment that is likely contributing to the potency of the social media advocacy campaigns, because, as conventional wisdom goes, the idle hand is the devil’s workshop.

    As we are all well aware, private sector initiatives operate independently of the multilateral agreements established by the government of Nigeria with various countries and supranational agencies during COP28.

    While addressing a global audience, President Bola Tinubu, alongside other world leaders at the conference, explicitly pledged to cease gas flaring in the oil-rich Niger Delta. It is widely known that gas flaring is a significant contributor to climate change, and its adverse effects are being experienced globally, with the burden disproportionately affecting less affluent regions.

    Happily, a prominent gas development company, CarbonAi, has signed an MoU with Oando during COP28 for a partnership towards the commercialization of the gas currently being flared from the company’s oil and gas operations.

    There is likely to be more aligning themselves with more Nigerian firms dedicated to oil and gas exploration and contemplating a visit to Nigeria to explore opportunities for participating in the untapped potential of the abundant gas and related resources.
    Unfortunately, since 1958, when oil and gas were discovered in commercial quantities in Nigeria, the authorities have been allowing these resources to go unconverted to beneficial use, resulting in wasteful gas flares that pose health risks to local communities.

    Environmentalists have persistently urged a cessation of this practice, but Nigeria has consistently failed to implement policies to end it due to the high technology and high cost that it entails.

    Europeans that could have helped in funding it were uninterested because of their reliance on Russian gas, which was conveniently located next door. Perhaps with Oando’s new partnership with CarbonAi, help may be on the way.

    At this juncture, it is worth emphasizing that there is currently a considerable interest in the value of gas in Nigeria among Europeans in light of the Russia-Ukraine war, which has precipitated a ban on the export of Russian gas to Western European countries, which are in dire need of it for heating, particularly in the winter.

    Regrettably, as earlier stated, our nation is essentially squandering financial resources by permitting the prevalence of noxious gas flares in the Niger Delta, as it has not been able to realize the plan of transporting them via pipelines across North Africa, such as Morocco or Tunisia, via the sea into Europe.

    The continued flaring of gas not only has adverse effects on the health of Nigerians in the affected communities but also contradicts the global trend towards responsible environmental practices.

    Furthermore, investment mobilization from Europe, especially Germany, which previously relied on Russian gas, is still possible as there is potential for redirection.

    That is because resumption of the halted gas pipeline construction from Nigeria through Morocco or Tunisia into Europe via the sea could be a more feasible and urgent alternative, gaining momentum amidst the current geopolitical challenges.

    While it is believed that significant progress has been made, one might speculate that the enthusiasm to announce the gains might have waned among officials at COP 28 due to the backlash generated when an Aso Rock Villa apparatchik spoke prematurely.

    So, there might have been a shift in tone and enthusiasm to announce accomplishments following the criticism directed at Presidential Spokesman Ajuri Ngelari for prematurely announcing the purported lifting of the visa ban by Dubai for Nigerians, a development that had not yet been finalized.

    Consequently, there is now a more subdued and cautious approach to discussing the achievements attained thus far during the conference.

    Concerning the appeal of Dubai to Nigerians, it may be less known that Nigeria has the potential to emulate Dubai’s success in Africa.

    By adopting a strategic approach akin to the one undertaken by Dubai’s leaders approximately three decades ago, when they transformed an area renowned for boat building into a thriving business and leisure hub in the desert, Nigeria could emerge as a comparable economic and recreational haven on the African continent if her leadership develops the appetite to accomplish great things and a can-do attitude.

    That is because the nation possesses abundant oil and gas resources, akin to Dubai. Furthermore, it boasts vast land and a climate that surpasses even that of Dubai.

    However, our country has suffered from a dearth of visionary leaders comparable to Sheikh Zayed bin Sultan Al Nahyan. Sheikh Zayed’s deliberate and industrious efforts transformed Dubai, initially a modest boat-building enclave, into a prominent global center for trade, tourism, and leisure.

    Can the political landscape in our nation undergo a transformative shift during President Tinubu’s tenure? The response remains within the belly of time. This is particularly noteworthy given that it has been only six months since he assumed the presidency at Aso Rock Villa, following the eventful eight-year rule of his predecessor, Muhammadu Buhari.

    During his campaign for office, President Tinubu assured Nigerians through his manifesto, “Renewed Hope 2023,” that he was committed to transforming the negative narrative surrounding Nigeria into a positive one. And Nigerians have every reason to trust his pledge.

    He reaffirmed his commitment during last Tuesday’s address, conveyed through Vice President Kashim Shettima, at the annual conference and exhibition of the Society of Nigerian Engineers held in Abuja.

    “The Renewed Hope Agenda of my administration is defined by our commitment to unleashing our country’s full economic potential by focusing on job creation, access to capital for small and large businesses, inclusiveness, the rule of law, and the fight against hunger, poverty, and corruption.”

    While Nigerian politicians may hold diverse opinions on various matters, there is a unanimous consensus that President Tinubu, who has been in office for just six months, possesses the requisite experience for the role of President of Nigeria.

    Despite the current challenging economic conditions in our country, which make the transformation of headwinds into tailwinds seem like a formidable task and an impossibility, it is noteworthy that during his tenure as governor, Tinubu successfully propelled the economy and elevated Lagos State to its present status as the fifth-largest economy in Africa.

    Serving in the capacity of governor from 1999 to 2007, Tinubu played a pivotal role in establishing the groundwork for the continued success of Lagos State throughout his two terms in office and till date.

    The adage “As the morning determines the evening” aptly illustrates the proactive leadership of President Tinubu since assuming office on May 29. He has demonstrated unwavering commitment, channeling boundless energy and zeal towards the vigorous pursuit of foreign direct investments for Nigeria.
    To the chagrin of some critics, President Tinubu has undertaken extensive road shows both domestically and internationally, showcasing our country’s potential and creating opportunities for increased foreign investment.

    And COP28 stands out as a pivotal event, especially considering Dubai’s historical significance as a haven for Nigerians prior to the imposition of the visa ban on the country. It is noteworthy that an impressive delegation of 1,411 attendees participated in COP28, demonstrating a collective effort to forge partnerships and engage in discussions with other nations.

    Clearly, the primary focus was on addressing the pressing issue of climate change, a global challenge that disproportionately affects the African continent.

    Just as the delegates sought collaborative solutions to mitigate the adverse impacts of climate change, reflecting a commitment to environmental stewardship on both a national and international scale,.

    During the COP27 conference in Sharm El-Sheikh, Egypt, commitments were established to establish funds aimed at assisting vulnerable and economically disadvantaged nations in addressing the challenges posed by the climate crisis.

    On a positive note, several prominent polluting nations from both the Western world and Asia, along with significant oil and gas corporations, officially pledged financial support during COP28, estimated to be in excess of $1 trillion, and Nigeria is among the countries poised to benefit from these pledges.

    It is important to note that Nigeria experienced a severe flooding event last year, leading to multifaceted catastrophes. The aftermath of the floods extended from Taraba State in the northern region to Bayelsa State in the Niger Delta.

    Properties, including livestock, crops, and farmlands valued in billions of Naira, were adversely affected by the ocean surge. This surge, which is a direct consequence of climate change, was a key focal point at COP28 and was addressed accordingly. So the large presence of Nigerians in COP28 might have also been influenced by that as they trooped to Dubai to seek remedy.

    Aside from the magnetic appeal of Dubai for Nigerians, as previously emphasized, which contributed to a seeming exodus, another compelling factor motivating Nigerians to converge in Dubai for COP28 was the opportunity to leverage the potential benefits arising from the mitigation funds.

    COP28 enabled them to effectively communicate their distressing and appalling experiences with climate change to a global audience. The considerable presence of Nigerians at COP28 in Dubai can thus be attributed to the dual factors listed above.

    Basically, Nigeria did not attend COP28 in vain, as it did not return empty-handed.Rather, Nigerian professionals and businessmen and women closed deals, even though Nigerian Tariye Gbadegesin has been appointed as the manager overseeing one of the major climate crisis mitigation funds.

    Ultimately, contrary to the narrative pushed by opposition parties that has remained bellicose, particularly in light of the recently concluded elections in 2023, Nigeria’s active engagement in COP28 has proven to be a fruitful endeavor.

  • COP28: Amid outrage, FG defends number of delegates sponsored to Dubai

    COP28: Amid outrage, FG defends number of delegates sponsored to Dubai

    The Minister of Information and National Orientation, Alhaji Mohammed Idris has said the Federal Government sponsored 422 delegates to the ongoing COP28 in Dubai, and not 1,411.

    TheNewsGuru.com (TNG) reports Idris made the clarification in a statement on Monday in Abuja.

    COP28, the Convention of Parties to the United Nations Framework Convention on Climate Change, is the world’s pre-eminent Climate Change Conference.

    The minister said the clarification became necessary because of the public conversation that on the number of delegates from Nigeria attending the ongoing Climate Summit in Dubai.

    He explained that the Conference was being attended this year by over 70,000 participants and delegates from over 100 countries.

    According to him, Nigeria’s representation is very much in line with our status as Africa’s leading Sovereign voice and player in climate action.

    “Parties to this Convention from Nigeria include government officials, representatives from the private sector, civil society, the voluntary sector, state governments, media, multilateral institutions, representatives of marginalised communities, and many others.

    “It is imperative to point out that the overall Nigerian delegation to COP28 comprises Government-sponsored (Federal and State) and non-government-sponsored participants (from Private Companies, NGOs, CSOs, Media, academia), etc.

    “The Federal Government-funded delegation is made up of a total of 422 persons, as follows: 32 persons from National Council on Climate Change and 34 from Federal Ministry of Environment.

    “Others were 167 delegates from all ministries, 67 from the presidency, 9 from the Office of the Vice President, 40 from National Assembly and 73 from  Federal Parastatals/Agencies,” Idris said.

    The Minister further explained that, as the biggest economy and most populous country in Africa, with a substantial extractive economy and extensive vulnerability to climate change, Nigeria had a significant stake in climate action,

    “Therefore, our active and robust participation at COP is therefore not unwarranted”.

    According to the minister, COP28 presents an array of investment and partnership opportunities for the various sectors affected by climate change, and Nigeria is already benefiting from its ongoing participation.

    “Nigeria and Germany signed an accelerated performance agreement to expedite the implementation of the Presidential Power Initiative to improve Nigeria’s electricity supply.

    “The agreement was signed by Mr Kenny Anuwe, the Managing Director and CEO of FGN Power Company, and Ms Nadja Haakansson, Siemens Energy’s Senior Vice President and Managing Director for Africa, at a ceremony witnessed by President Tinubu and Chancellor Scholz.

    “Also, President Tinubu hosted a high-level meeting with stakeholders and investors on the Nigeria Carbon Market and the Electric Buses Rollout Programme on the margins of the COP28 climate summit.

    “Similarly, the President unveiled the Nigeria Carbon Market Activation Plan, co-chaired by the Executive Chairman of the Federal Inland Revenue Service, Mr Zacch Adedeji, and the Director-General of the National Council on Climate Change Dr Dahiru Salisu.

    “The Electric Buses programme is only the first step in a series of innovative, clean, modern, and sustainable initiatives across diverse sectors, all aimed at simultaneously addressing climate change-related challenges,

    “It also aimed at reducing carbon footprint, modernising infrastructure systems, and positioning Nigeria as an attractive destination for global investments,” Idris said.

    According to him, Nigeria stands to benefit from the Loss and Damage Fund established during COP27 in Egypt and formally operationalised at the opening plenary of COP28 in Dubai.

    He added that the Fund would provide substantial non-debt financing to support countries most affected by the impact of climate change.

    Idris disclosed that hundreds of millions of dollars had already been pledged as contributions to the Fund.

    “The President also met the President of UAE to concretise engagements between the two countries. This is aside from the bilateral talks held with several countries and multilateral partners.

    “However, it should be highlighted that, over the years, Nigeria has firmly demonstrated its climate action credentials by being the first African country to launch its Energy Transition Plan.

    “We are the first African country to issue a Sovereign Green Bond, and one of the first to pass national climate change legislation.

    “President Tinubu has been unequivocal in his position that Africa, which is battling problems of poverty and security and struggling to provide education and healthcare to her people, cannot be told to abandon its primary source of income,

    “And the source of income is mostly from extractive industries, without the West providing the funding and investment in alternative and clean energy sources,” he said.

    The minister explained that since assumption of office, president Tinubu had been a vocal champion for the African continent on the global stage, whether at the United Nations General Assembly (UNGA), the G20, or the ongoing COP28.

    Idris further stressed that Tunubu had been supported by an equally active and engaged Nigerian delegations at these various fora.

    “It is, therefore, essential to keep setting the records straight while assuring Nigerians that President Tinubu and other officials on the Federal government delegation are in Dubai for serious business, not a jamboree”.

  • ‘Igbo’  made me turn down $5m Dubai-gig – Burna Boy

    ‘Igbo’ made me turn down $5m Dubai-gig – Burna Boy

    Nigerian artiste and Grammy Award winner, Damini Ogulu, aka Burna Boy, has revealed that he recently turned down a $5 million offer to perform in Dubai, United Arab Emirates, UAE.

    The last last crooner said he turned down the offer because he wouldn’t be allowed to smoke weed while in Dubai.

    Emirati law prohibits smoking in parks, beaches and all public recreational areas in Dubai.

    “Just now I turned down dubai money, 5million dollar na small thing cos me I no dey like to dey go where dem no go gree allow me smoke igbo,” Burna Boy freestyled while rehearsing with his band, Outsiders, in a video making the rounds on social media platform, X.

    Video:

  • Title: 5 reasons why a crypto company should get a license in Dubai

    Title: 5 reasons why a crypto company should get a license in Dubai

    Why should a crypto organization get a permit in Dubai?

    The UAE has been chosen by a vast number of crypto organizations from around the world to obtain a crypto license in Dubai. The UAE has been known for its financial stability and loyalty to the blockchain. Dubai is one of the main epicenters of the crypto industry, where there is an atmosphere of reliability and transparency in the requirements for trading.

    What license can be obtained?

    The issuance of permits to firms is carried out by the autonomous financial center DMCC. This separate economic organization issues two types of permits:

    License for selling and purchasing virtual assets created based on distributed list technology. Such a permit will be obtained by an organization that plans to deal exclusively with virtual currency trading without providing other crypto services, such as transactions, coin exchange, brokerage services, and the provision of a wallet for storing coins.

    License to provide only blockchain services related to crypto transactions. An organization that has received such a permit can manage the database, conduct transactions, and provide storage. Still, the company cannot buy or sell virtual currency.

    Thus, the obtained permit has a clear functional distinction, which is very convenient for companies that decide to engage in one type of financial activity in the field of crypto business.

    Explore the Top 5 Benefits of this jurisdiction

    We have identified the 5 most important reasons why your organization should obtain a permit to work in this industry:

    1. Application of the fintech sphere. Many financial services are provided using innovative technologies (blockchain, robotics, artificial intelligence, etc.). Financial institutions must keep up with technological advances.
    2. The organization has the right to own 100% of its assets without involving local companies. It is a big plus because only some firms would like to distribute some part (conditionally share) of their financial assets in local organizations.
    3. Having a permit, the firm will not have to pay corporate and income taxes, import and export taxes, and double taxation is eliminated. And the value-added rate is only 5%.
    4. There are no requirements or financial restrictions on transactions related to the transfer of capital and dividends.
    5. Confidentiality is respected when conducting transactions, so there is no need to fear that the amount and number of your transactions will be known, as well as who carried them out.

    Given all these positive reasons, it is not for nothing that this jurisdiction is considered the #1 financial sector in the world with the most favorable economic conditions for doing business. And all this activity related to virtual currency is carried out entirely legally. The loyalty conditions and banking stability of the UAE attract many organizations to get a permit in Dubai. In addition, the UAE government is committed to making blockchain more widespread.

    Legislative advantages

    In addition to financial advantages, there are positive aspects associated with legislation. Firms engaged in activities in the UAE conduct business within the law. Therefore, you can conduct business calmly and not worry about fraudulent transactions from other companies since certain authorities control all activities.

    On the part of the state, there is a “Securities Organization” (SCA), which regulates business based on the “Decision on the Control of Crypto Activity.” And the Central Bank follows the “Payment Systems Ordinance,” which refers to the issuance of a license, and the “Payment Services Ordinance,” which controls transactions related to a virtual currency with fiat properties for making payments.

    From the financial management side (FSRA and DFSA), the business is controlled by several Regulations aimed at activities with digital assets.

    The “Virtual Assets Control Law” was recently approved, which provided for the creation of the Virtual Assets Regulator (VARA).

    This entire legislative spectrum speaks of the high reliability of doing business related to digital currency.

    Summing up

    If you want your business to grow and scale, you should get a work permit in this jurisdiction. This country is interested in the development of blockchain technologies; therefore, it supports crypto companies and offers the most favorable taxation conditions. Here you can work completely legally and make big profits.

  • Gov Yahaya Bello locks horns with EFCC over Dubai property

    Gov Yahaya Bello locks horns with EFCC over Dubai property

    The Economic and Financial Crimes Commission (EFCC) on Tuesday urged Justice Nicholas Oweibo of the Federal High Court sitting in Ikoyi, Lagos to dismiss the application by Kogi State Governor, Yahaya Bello, seeking to vacate the forfeiture order in respect of 14 properties and the sum of N400m.

    The court had, on February 22, 2023, granted a preservation order of the properties linked to the Kogi State government and reasonably suspected to have been derived from unlawful activities, pursuant to Sections 9 and 10 of the Proceeds of Crimes (Recovery and Management) Act, 2022.

    The properties including “Hotel Apartment Community, Burj Khalifa lying, being and situate at, Plot 160 Municipality NO 345-7562, Sky View Building No 1, Property No 401, Floor 4, Dubai U.A.E.”, were reasonably suspected to have been derived from unlawful activity.

    At the resumed sitting today, the EFCC counsel, Rotimi Oyedepo, SAN informed the court that the preservation order had been published in the Punch Newspaper, in line with the court’s directive to advertise the same in one of the national dailies.

    Oyedepo said: “We were directed to make a publication of the said Order and we have complied with the order of the court.

    “There is an affidavit to the Order dated 22nd February, 2023, which was complied with on the 24th February, 2023.

    “Sequel to that, we have received a notice of intention to oppose the making of the preservation order and we have equally responded”.

    Responding, the Kogi State Governor, through his counsel, Abdulwahab Mohammed SAN, sought to vacate the order of the court, saying, “We have an application subject to your lordship’s convenience.

    “We are ready to move the application. It was filed on March 9, 2023. The application is seeking your indulgence to vacate the order of the court made on the 22nd of February, 2023.

    He argued that most of the properties sought to be forfeited were acquired by Bello before he became the Governor of the state and that the Commission lacked the power to proceed against the governor as he enjoys immunity under the constitution.

    “By virtue of the position of the applicant (Kogi State Governor), you cannot proceed against him under any law, according to Section 308 of the Nigerian Constitution.

    “If you want to prosecute or forfeit his properties, you have to wait till he no longer enjoys those benefits of a Governor,” he argued.

    He, therefore, urged the court to grant his client’s prayers and vacate the order

    In opposing the application, EFCC counsel Oyedepo relied on depositions in the 12-paragraph counter-affidavit and a written address dated 28 March, 2023, stating that the applicant failed to reply to the counter-affidavit made by the prosecution.

    “In Usman against Garke, it was reported in 2003, LPLR 3431, Supreme Court, and our submission is that failure to reply to the counter-affidavit has a single legal consequence that the respondents are agreeing to the application. We urge your lordship to hold that the failure to respond is deemed admitted.

    “We have cited authorities to this effect, one of which is Patience Jonathan and the FGN, in paragraph 1.08 of our submission. The Proceeds of Crime (Recovery and Management) Act, 2022 prescribes the mode of challenging the preservation order of the court and the steps to be taken by the party challenging the making of the preservation order.”

    Oyedepo submitted that one of the requirements that the application must contain is that the applicant must show his interest in the property concerned.

    “Apart from Paragraph 4H and I of the affidavit in support of the notice of intention, there is nothing before this Honourable court showing, by way of credible evidence, how the properties were acquired.

    “In our counter-affidavit, we have established how the properties were acquired and there is nothing challenging how the properties were acquired.

    “What was deposed is that, most of the properties were obtained before he became Governor of Kogi State and the properties were not acquired through illegal means.

    ‘”Without establishing the interest of the applicant, the application is bound to fail.”

    On the immunity clause as contained in Section 308 of the 1999 constitution, Oyedepo said: “the Provision of S308 will not and cannot be construed to a ridiculous extent of preventing the state from investigating the beneficiary of the section.

    “As far back as 2002, in the case of Fawehinmi and IGP, the court mentioned that a person protected under S308 can be investigated; and the fact that someone is under immunity does not prevent the state from investigating.

    “Where a state governor is reasonably suspected to have committed a financial crime, the state can investigate for evidence that will be used in prosecution when he no longer enjoys the immunity.”

    Oyedepo also argued that the steps the prosecution was taking “is a step for preservation and it cannot be stopped.”

    He further told the court that, out of the entire assets that the EFCC seeks to preserve, only one asset was declared in the applicant’s Declaration of Assets Form and that nothing had been said in the affidavit to challenge “the reasonability of our suspicion.”

    He, therefore, urged the court to dismiss the prayers of the applicant and order him to tell the court how the properties were acquired.

    Justice Oweibo adjourned the matter till April 20, 2023 for ruling.