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EFCC Hails Corps Members, Restates Commitment Against Vote-Buying

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Joel Ajayi
The Economic and Financial Crimes Commission (EFCC) has commended the National Youth Service Corps for its deployment policy of posting Corps Members to all the nooks and crannies of the country to add value to their host communities.


It said the commission would strengthen the existing partnership with the NYSC in order to ensure that the country enjoys free, fair and credible elections before, during and after the 2023 General elections.
The EFCC Secretary, Dr George Ekpungu stated this on Monday  during his courtesy visit to the NYSC Director General, Brigadier General Muhammad Kaku Fadah in his office in Abuja.


Ekpungu, who decried vote-buying during elections added that the Commission would continue to spread its dragnet and intensify efforts against the menace in the electoral system. 


“We have to cement our MoU and we shall continue to work with NYSC to ensure that we have credible elections in the country”, he said.


He commended both the NYSC and EFCC for working assiduously to salvage the country, stating that NYSC has been deploying Corps Members to all the critical sectors of the economy to enhance the development of their host communities, while the EFCC has been intensifying its anti-corruption campaign and making giant strides in recovering stolen government funds.


In his remarks, the NYSC Director General, Brigadier General Muhammad Kaku Fadah appreciated the EFCC for recognizing NYSC and its activities.


He said the recently conducted gubernatorial elections in Ekiti and Osun States were evidences that Corps Members are ready to contribute their quota to national development if given enabling environments.


He stated that the success recorded during the elections were due to the full compliance of Corps Members to the electoral laws.
He however appealed to all Corps Employers to provide conducive environments for Corps Members to unleash their potentials in their Organisations.


“Under my leadership we will play according to the rules of the game in line with the NYSC Act and the electoral Act”, General Fadah said.

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Alake Inaugurates Nigeria-US Solid Minerals Committee, Dismisses $700bn Claim, Says No Assets Sold

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Joel Ajayi

The Minister of Solid Minerals Development, Dr. Dele Alake, on Tuesday inaugurated the Nigeria-United States Committee on Strategic Cooperation in the Solid Minerals Sector in Abuja, dismissing reports that Nigeria sold $700 billion worth of solid minerals to the US.

The inauguration followed the strategic cooperation framework established between Nigeria and the United States during the 81st United Nations General Assembly in New York.

In a statement issued on Wednesday by the Head PRESS and Public Relations Department Mrs. Kania Maliki Andeyaba stated that, Alake in the Memorandum of Understanding, MoU, signed with the US is a government-to-government platform to facilitate business-to-business engagements between American investors and Nigerian local operators, not a sale of assets.

Harping on the importance of the solid minerals sector to President Bola Ahmed Tinubu’s economic diversification agenda, he noted that the administration was committed to reducing dependence on a mono-product economy through the sustainable development of Nigeria’s vast mineral resources.

According to him, the Nigeria–US partnership as a strategic initiative to attract investment, promote technology transfer, strengthen local mineral processing and create employment opportunities.

“There is no sale of any Nigerian asset. There’s nothing exchanging hands,” Alake declared.

“We created a platform to facilitate mingling of US investment ventures with Nigeria’s local operators. It is in the public domain. We signed it in public and published it in four or five national newspapers.”

The Minister said reports claiming the US was coming to take over Nigeria’s minerals and security architecture were untrue at best and products  of riotous imagination  at worst.

Explaining the policy thrust, Alake said Africa has historically held the short end of the stick in global economic transactions, and Nigeria is determined to change that model.

“We have the resources, the critical elements the world needs to transit to clean energy. So we are creating a new paradigm — you bring your capital, expertise and technology, to match with our natural resources and create a win-win situation . The investor gains, Nigeria gains.’’he said.

Nigeria, he stressed, had operated a mono-cultural economy dependent on oil, while solid minerals were exploited informally — with ores taken “from pit to port” without value addition.

Alake said government has now made local processing mandatory, refusing to grant mineral titles to investors without a clear pathway to processing in Nigeria.

He said the policy led to the springing up of processing factories, including the largest lithium processing plant in West Africa commissioned recently in Nasarawa by the Vice President, and informed the formation of the African Minerals Strategy Group.

Alake noted that investor confidence has returned due to macro-economic reforms by President Bola Tinubu that guarantee security of tenure and repatriation of profits.

He charged the committee to discharge its assignment responsibly, saying its work is strategic to achieving the President’s $1 trillion economy target.

To this end, he told the Committee to ensure effective coordination, identify investment opportunities and translate the framework into measurable outcomes capable of positioning Nigeria as a competitive player in the global solid minerals industry.

In his welcome address, Permanent Secretary of the Ministry, Engr. Faruk Yusuf Yabo, said the inauguration translates growing bilateral engagements into a structured framework for practical cooperation and investment mobilization

Economic Officer at the US Embassy, Jonathan Baas, said President Donald Trump has prioritized three areas for US embassies — energy, artificial intelligence/super intelligence, and critical minerals.

Baas said Washington’s direction is to work with partners to secure critical supply chains while ensuring partners capture value.

“We just signed a contract today on looking into building AI data centres in Nigeria at the Nigerian Economic Summit. That’s the direction Washington wants us to go,” he said.

In his vote of thanks, CEO/Managing Director of Nigeria Solid Minerals Company, NSMC said that the committee

is expected to coordinate implementation, facilitate investment and monitor progress towards achieving the objectives of the Nigeria–US cooperation framework.

The inauguration reinforces the Federal Government’s commitment to repositioning the solid minerals sector as a key driver of economic diversification, industrial development and national prosperity under President Tinubu’s Renewed Hope Agenda.

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