Connect with us

Uncategorized

Pinnacle, ICPC Trade Words over Alleged Invasion, Harassment of Staff

Published

on

Kindly share this post

Management of Pinnacle Communications Ltd, on has condemned the alleged invasion of its Abuja office by operatives of the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

Pinnacle, ICPC Trade Words over Alleged Invasion, Harassment of Staff

ICPC has however threatened legal action against 44 property owners including two buildings in Abuja belonging to Pinnacle Communications Ltd.

Pinnacle Communications in a statement by Abayomi Oyelola, its lawyer, said that “Pinnacle Communications condemns, in very strong terms, the illegal attempt by ICPC to harass and intimidate the company and its officials and unbridled attempt to shut down its business.

“The action of ICPC further confirms that they have been on a witch-hunt mission from the beginning and are bent on victimizing Pinnacle Communications in direct contravention of a statement credited to the Chairman of ICPC at a speech delivered at the inauguration of the Anti-Corruption and Transparency Unit at the Federal Polytechnic, Ede, Osun State.

“This statement was reported online on 20 January 2020, admonishing the staff against victimising people when doing their job. We add that they should also not scandalize genuine and law-abiding enterprises such as Pinnacle Communications Limited.

“Pinnacles Communication, as a law-abiding entity, expresses concern on this show of shame undertaken by ICPC and brazing use of force.”

The firm urged the Bolaji Owasanoye, ICPC chairman, to “rein in his officers” and ensure they comply with the rule of law and forestall actions that could further sink the image of the Commission.

It said the invasion happened on January 15, at its office located on Charles De Gaulle Street, Asokoro, Abuja, with the ICPC officials allegedly citing an “order from above.”

Mr Oyelola said the company is a licensed Digital Switch-Over operator in Nigeria, describing the invasion as despicable and unwarranted.

According to the company, the ICPC operatives had reportedly stormed the office with fully armed policemen in four vehicles, three Hilux vans, and a car, dressed in ICPC jackets that authenticated their identities to arrest the chairman and to seal the company.

The company’s lawyer said during the encounter, it demanded the warrants of arrest and order of the court granting the sealing of the office that legally motivated their move.

“It is common sense in a civilized country like Nigeria that production of a warrant of arrest is the sine qua non to entering premises and attempt to arrest people and that without an order from a court of competent jurisdiction no agency of Government has the right to seal off any business premises. There are boundless legal authorities on this.

“We consider the futile attempted invasion, intimidation and threat as clear evidence of the desperation of ICPC. ICPC had filed charges relating to fraud against Pinnacle Communications and its directors. This case is still pending in court. Issues have been joined and witnesses called and cross-examined.

“We need not say more than that in order not to be contemptuous of the court handling the pending litigation. But can this be a sign that what they apparently cannot get through the court they want to get by force?”

He added that the operatives failed to produce any document but rather claimed that they were working with geographical coordinates.

It further said that its officials, “could hear the conversation and the operative said: ‘we are here already’, ‘we have not entered’, ‘they claim he is not around’, ‘No pressmen, nobody’. Afterwards, the operative on the telephone suddenly said to his colleagues ‘let’s go, let’s go, let’s go’, and they left hurriedly, like a botched operation.

The Pinnacle officials heard the operatives lamenting on their way to their vehicles that they should have shot (gunshot) their way into the premises as soon as they arrived. This no doubt amounted to regulatory terrorism.

The company urged Abubakar Malami, attorney general of the Federation and the minister of Justice, to help investigate the matter.

“We are also urging the Attorney-General of the Federation and Minister of Justice, Mr Abubakar Malami, SAN, to swiftly check the excesses of the ICPC and investigate this matter with a view to defeating the obvious display of prejudice in the agency’s dealings with Pinnacle Communication Ltd.

Recall that the ICPC in February 2019 filed a 12-count charge before Justice Folashade Ogunbanjo-Giwa of the Federal High Court in Abuja, against Ishaq Kawu, director-general of the National Broadcasting Commission (NBC); Lucky Omoluwa, and Dipo Onifade, chairman and chief operating officer of Pinnacle Communications Limited respectively, for allegedly misappropriating N2.5 billion.

Despite the ICPC failing to produce Lai Mohammed, minister of Information, to testify in court, a statement he made to the agency, tendered in court, indicated that he gave the approval for the release of N2.5 billion to the NBC, as seed grant for the Digital Switch Over project of the federal government.

Mr Mohammed was meant to explain his role in the alleged misapplication of the N2.5 billion funds for the federal government’s Digital Switch-Over (DSO) programme.

But the Independent Corrupt Practices and Other Related Offences Commission has threatened legal action against 44 property owners including two buildings in Abuja belonging to Pinnacle Communications Ltd.

In a letter to the Management of Pinnacle Communications, ICPC also dismissed allegation by the digital telecommunication company that its operatives illegally invaded their Abuja office..

A copy of the ICPC letter, dated Jan. 24 and signed by Mr Akeem Lawal, agency’s director of Operations, was made available to the News Agency of Nigeria (NAN) on Sunday.

The anti-graft agency said its operatives stumbled on the buildings while investigating a “totally different” case of tax evasion.

The commission said the buildings were among 44 property (buildings and plots of land) whose list was forwarded to it by the Federal Inland Revenue Service (FIRS) for investigation.

The commission said FIRS requested the investigation after the ownership of the property was denied upon efforts to make their owners pay the relevant tax due.

According to ICPC, Pinnacle Communications was not mentioned as owners of any of the property on the list attached to the letter from FIRS.

It said its operatives arrived at the building in a bid to ascertain their coordinates and mappings as indicated by FIRS and confirmed by the FCT Department of Land Administration.

The commission dismissed Pinnacle’s “skewed and misleading’’ allegation as an attempt to link an honest investigative exercise with “the almost concluded case’’ against its chairman and others.

It further said that its operatives “do not go out to arrest persons in the course of locating property under investigation’’, contrary to the company’s allegation that they were there to kidnap the chairman.

“The reference at the briefing to the alleged lamentation of our staff `that they should have shot their way into the premises as soon as they arrived,’ is definitely far from the truth in the face of a legion of over ten armed mobile policemen on your premises.

“The commission deplores the bad faith evident in your media briefing and finds it really unprofessional that one of your counsels in the criminal case before the court, Abayomi Oyelola, who accosted our operatives after they had been denied entry into the premises by the policemen, was the same person that addressed the media on behalf of your company.

“Rather than come to our office the next day January, 16, 2020 as he had promised our officers, he thought otherwise and held a media briefing with the sole objective of painting the commission in bad light,’’ it said.

ICPC said since Pinnacle Communications had now claimed ownership of the two buildings, it should proceed to resolve the issue of ownership with the FCTA and tax evasion with FIRS.

The anti-graft agency gave the company three weeks from the date of the letter to act accordingly as it was prepared to take further legal actions on all the property

 


Kindly share this post

Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

Uncategorized

.NG Domain is Nigeria’s Pride Online – Akinsanya

Published

on

Kindly share this post

The .ng domain name, Nigeria’s country code top-level domain (ccTLD), is the nation’s critical resource in the digital space, says Adesola Akinsanya, the president of the Nigeria Internet Registration Association (NiRA).

Akintola Owolabi, Professor of Cost and Management Accounting at Lagos Business School (front – third from left; Adesola Akinsanya, the president of the Nigeria Internet Registration Association (NiRA) (Front – fourth from right), flanked by members of EBOD and Management Team of NiRA during a training programme at LBS.

The .ng domain extension is unique to Nigeria, and it can give businesses a strong local identity.

This can help establish trust with customers, which is especially important for businesses that rely on local customers.

Mr. Akinsanya made the comments at NiRA Executive Board of Directors (EBOD) and Management Training held at the Lagos Business School (LBS).

The NiRA Executive Board and Management Training at LBS spanned a series of intensive interactive sessions designed to address critical challenges and opportunities in the digital domain.

The training program emphasized the importance of strategic vision, ethical decision-making, and resilience in the face of digital disruptions.

Participants gained insights into global best practices in digital governance, risk management, and leveraging digital technologies for business growth and societal impact.

Mr. Akinsanya, highlighted the significance of the collaboration with LBS, stating, “The NiRA EBOD/Management Training at LBS underscores our commitment to fostering a robust digital ecosystem in Nigeria. It equips leaders with the expertise to address complex digital challenges especially in accounting and financial management while harnessing the immense opportunities of the digital age.”

The program featured distinguished speakers, industry practitioners, and faculty members from LBS, providing a holistic learning experience enriched with real-world case studies and practical insights.

Participants commended the program for its relevance, depth of content, and interactive learning approach, noting its immediate applicability to their roles and responsibilities.

The NiRA EBOD Training at LBS represents a milestone in advancing digital leadership and governance in Nigeria.

“By equipping leaders with cutting-edge knowledge and strategic insights, the program contributes to building a resilient and innovative digital ecosystem that drives sustainable growth and societal development, especially from NiRA perspective. We must fashion out ways of increasing .NG domain name adoption which is our national pride in the digital space”.

Speaking further on why Nigerians and businesses should adopt the .NG domain name, the NiRA president said, “.NG domain name gives your brand special recognition both on and offline.

“Using a .ng domain name can help your business stand out in the Nigerian and global market. It is a great way to differentiate your brand from competitors and establish a unique identity. A .ng domain name is easier to remember, which can make it more likely that customers will return to your website in the future”, he said.

“It instantly communicates to internet users that your business is located in Nigeria. This can be especially helpful if you operate in a niche or industry where location is important to customers”, the NiRA boss added.

He added that Google and other search engines prioritize local content in search results, hence using a .ng domain name can help improve your website’s search engine ranking for local searches.


Kindly share this post
Continue Reading

Uncategorized

Climate Action Africa Opens Applications for CAAF24 Deal Room

Published

on

Kindly share this post

Climate Action Africa (CAA), a leading advocate for climate resilience and sustainable development, has announced the opening of applications for the Deal Room at the 2024 Climate Action Africa Forum (CAAF24). The Deal Room is a groundbreaking platform that aims to connect high-impact climate innovators in Africa with potential investors seeking to accelerate sustainable solutions.

The CAAF Deal Room is a strategic initiative that aims to create opportunities for innovators in the climate-tech domain focusing on emission reduction, energy, agriculture, transportation, circular economy, and building and construction.

The goal of the Deal Room is to select finalists who will have the opportunity to pitch their innovative ideas and solutions at the upcoming 2024 Climate Action Africa Forum, which will be held on June 19th in Lagos, Nigeria.

The Deal Room aims to boost investments in Africa’s green economy by galvanising a community of innovators, entrepreneurs, and investors to create applicable solutions that can mitigate the challenges of climate change on the African continent.

The Deal Room session will facilitate financing for solutions contributing to the growth and sustainability of Africa’s green economy. These deals may encompass prize money, equity plans, debt financing, mergers and acquisitions, and other investment options.

“Through the CAAF24 Deal Room, we aim to bridge the critical gap between promising climate ventures and the essential resources they need to thrive,” says Grace Oluchi Mbah, Co-founder and Executive Director of Climate Action Africa (CAA). “By facilitating connections between passionate entrepreneurs and dedicated investors, we can collectively unlock the immense potential of climate solutions in Africa.”

The eligibility criteria for applying include:

●     The company must be African-owned and operate in any of the 54 African countries.

●     It must be a for-profit company, between 1-5 years post-incorporation, post-MVP (minimum viable product), and post-GTM (go-to-market).

●     The company should leverage digital technology to deliver its business model.

●     Female ownership is an added advantage.

 Those eligible to apply include venture capitalists, impact investors, climate tech startups, Green SMEs (small and medium-sized enterprises), philanthropic organisations, and government representatives.

Following the CAAF24 deal-room will be a post-event accelerator in partnership with the Silicon Valley-based Founder Institute and IDEA Africa. This Africa-wide initiative is specifically designed to further accelerate and enhance support for promising Climate Tech startups and founders who participated in the Deal Room.

The official unveiling of this accelerator will take place at the Climate Action Africa Forum 2024 (CAAF24), marking a significant step forward in driving Climate Tech innovations throughout Africa.

Applications for the CAAF24 Deal Room are open from April 22nd until May 17th. Interested applicants can register at https://deal.caaf.africa/register.


Kindly share this post
Continue Reading

Uncategorized

LCCI Urges FG to Simplify Trade Procedures to Boost Economy

Published

on

Kindly share this post

The Lagos Chamber of Commerce and Industry (LCCI) has said that the government needs to simplify and harmonize trade procedures and address bottlenecks in order to boost economic growth in the country.

President of LCCI, Mr. Gabriel Idahosa, gave the charge at a Quarterly media briefing on the State of the Economy yesterday in Lagos.

He said that the government has to create an atmosphere that promotes export growth and competitiveness, which is projected to boost export earnings, raise domestic revenue, improve citizens’ welfare, and increase business productivity.

“We recommend that reforms must include simplifying and harmonizing trade procedures as well as addressing bottlenecks such as port logistics, congestion, and transportation costs. This is expected to position the country as the commercial centre of the region and a springboard into regional value chains,” he stated.

On managing the persistent high inflation, the LCCI president said both monetary and fiscal authorities should focus on the factors driving the inflation rates by tackling the supply-side deficiencies instead of focusing too much attention on the demand-side management.

“We urge the Central Bank of Nigeria (CBN) to continue with its foreign exchange (forex) market reforms with intense discipline, as the high exchange rate against the naira is a major driver of the skyrocketing inflation rates.”

Idahosa acknowledged the improvement in the naira exchange rate in the last few days, moving towards the level of N1000 per dollar or lower.

“CBN needs to sustain its policy and regulatory reforms in the FX market, adopt policies that would attract more FX inflow into the economy as well as build market confidence in the performance of the FX market,” he added.

 


Kindly share this post
Continue Reading

Trending