News
Terrorism Reporting: SERAP Gives Buhari 48 Hours to Withdraw Threat to Sanction BBC, Daily Trust
Socio-Economic Rights and Accountability Project (SERAP) has urged President Muhammadu Buhari to “urgently instruct Mr Lai Mohammed, minister of Information and Culture to withdraw the threat to sanction the BBC and Daily Trust over their documentaries on terrorism in the country, whether through the Nigeria Broadcasting Commission (NBC) or any other agency of government.”
According to reports, Mr Mohammed had last Thursday stated that the Federal Government would sanction the BBC and Trust Tv for airing documentaries that allegedly “glorify”, “promote”, and “fuel” terrorism and banditry in Nigeria.
In a letter dated 30 July, 2022 and signed by Kolawole Oluwadare, SERAP deputy director, the organization said, “The media has the duty to impart information and ideas on issues of public importance. If carried out, the threat to sanction the BBC and Daily Trust would inhibit the media from reporting on issues of public interest.”
According to SERAP, “Media houses and journalists ought to be given the room to determine how best to present information of public interest, especially information about the growing violence and killings across the country.”
The organization said, “Rather than punishing the media for promoting access to diverse opinions and information on issues of public importance, your government should focus on delivering your promises to ensure the security of Nigerians.”
The organization also said, “Carrying out the threat to sanction the BBC and Daily Trust would lessen the flow of diverse viewpoints and information to the public.”
The letter, read in part: “We would be grateful if the requested action is taken within 48 hours of the receipt and/or publication of this letter. If we have not heard from you by then, SERAP shall take all appropriate legal actions in the public interest.”
“A free, uncensored, and unhindered press or other media is essential in any society to ensure freedom of opinion and expression and the enjoyment of other rights. It constitutes one of the cornerstones of a democratic society.”
“Sanctioning the BBC and Daily Trust would be entirely inconsistent and incompatible with Nigeria’s obligations under article 9 of the African Charter on Human and Peoples’ Rights and article 19 of the International Covenant on Civil and Political Rights.”
“The threat if carried out would impermissibly restrict the constitutional and international rights to freedom of expression, access to information, and victims’ right to justice and effective remedies that are central to public debate and accountability in a democratic society.”
“Access to information is essential for the enjoyment of other human rights and freedoms and constitutes a fundamental pillar for building a democratic society and strengthening democracy.”
“Allowing the media to freely carry out their duties is essential to building secure society and leaving no one behind. Conversely, imposing impermissible restrictions on media houses, journalists and other Nigerians undermines the security that builds a healthy and vibrant society.”
“The grounds for sanctioning the BBC and Daily Trust as stated by Mr Mohammed fail to meet the requirements of legality, necessity, and proportionality.”
“The requirement of necessity also implies an assessment of the proportionality of the grounds, with the aim of ensuring that the excuse of ‘glorifying, promoting, and fuelling terrorism and banditry’ are not used as a pretext to unduly intrude upon the rights to freedom of expression and access to information.”
“Any interference with the constitutional and legal duties of the BBC and Daily Trust would not be justified in the context of the right to information.”
“The Federal Government has not shown that the documentaries by the media houses would impose a specific risk of harm to a legitimate State interest that outweighs the public’s interest in the information provided by the documentaries.”
“The documentaries by the BBC and Daily pose no risk to any definite interest in national security or public order.”
“It is inconsistent and compatible with the Nigerian Constitution 1999 [as amended] to invoke the grounds of ‘glorifying, promoting, and fuelling terrorism and banditry’ as justifications for suppressing freedom of expression or withholding from the public information of legitimate public interest that does not harm national security.”
“It is contrary to both the Nigerian Constitution and international standards to threaten or punish journalists and media houses such as the BBC and Daily Trust for disseminating such information.”
“The vague and overbroad definitions of ‘glorifying’, ‘promoting’, and ‘fuelling’ raise concerns that the threat by the Federal Government if carried out would unduly interfere with the rights to access to information, and disproportionate to any purported legitimate governmental aim. Ill-defined and/or overly broad grounds are open to arbitrary application and abuse.”
“The broad definitions of what may constitute ‘glorifying’, ‘promoting’, and ‘fuelling’ also heighten concerns of overreach, confer far-reaching discretion on the government, and suggest that the grounds cited by the Federal Government are more intrusive than necessary.”
“These words do not indicate precisely what kind of individual conduct would fall within their ambit.”
“The use of these words by the Federal Government, given their opaque and ambiguous meaning, leaves open the possibility for application beyond unequivocal incitement to hatred, hostility, or violence. Such words may function to interpret legitimate reporting by media houses, journalists, and other Nigerians as unlawful.”
“The grounds cited by the Federal Government for sanctioning the BBC and Daily Trust also fail to establish a direct and immediate connection between the reporting by the media houses and any risks to national security and peace.”
“The threat if carried out would also create an environment that unduly deters and penalizes media houses and journalists, and the reporting of government wrongdoing more generally.”
“The cumulative effect of any attempt to sanction the BBC and Daily Trust would be the gagging of the media from reporting on cases of violence and killings by terrorists and kidnappers, the reporting and information that is clearly in the public interest.”
“SERAP recalls that in your 2022 new year message, you raised concerns about persistent insecurity in certain parts of the country and promised to remain ‘resolute in giving utmost attention to the problem.’”
“While your government has the obligation to maintain national security, this obligation is not set apart from the obligation to protect and ensure human rights. National security is a necessary and integral part of the right to security guaranteed to each person individually.”
News
FBNQuest Asset Management Wins Asset Management Award at BusinessDay Banks & Other Financial Institutions Awards
FBNQuest Asset Management, an investment management firm in Nigeria and a subsidiary of FBN Holdings Plc., is proud to announce that it has been honoured with the prestigious Excellence in Asset Management Award at the recent BusinessDay Banks and Other Financial Institutions Awards.
This recognition highlights FBNQuest Asset Management’s unwavering commitment to delivering exceptional investment solutions and fostering financial growth for its clients.
The award ceremony, celebrated the outstanding achievements of financial institutions across Nigeria, highlighting those that have demonstrated innovation, excellence, and unwavering commitment to quality service.
“We are immensely proud to receive this award, which reflects our dedication to excellence and our focus on creating value for our clients,” stated Ike Onyia, Managing Director, FBNQuest Asset Management. “This achievement is a testament to the hard work and expertise of our team, as well as the trust our clients place in us. We will continue to strive for excellence in all that we do.”
FBNQuest Asset Management offers a range of investment solutions, including mutual funds, discretionary portfolio management, and alternative investments, tailored to meet the diverse needs of its clients.
The firm remains committed to maintaining the highest standards of integrity and professionalism in the asset management industry.
The BusinessDay Banks and Other Financial Institutions Awards are recognized as one of the most prestigious accolades in the financial sector, honouring organisations that excel in performance, innovation, and customer service.
News
FG Launches Amnesty to Allow Deposits of Forex outside Banking System
Federal government has unveiled a new policy for Nigerians to deposit dollar bills held outside the formal banking system without scrutiny.
Nigerians have nine-month deadline to do this according to Wale Edun, minister of Finance and coordinating minister of the Economy.
Edun who spoke after the Thursday’s National Economic Council (NEC) meeting in Abuja, said that “there will be no penalty; there will be no taxes, and there will be no questions.”
“There is going to be a release today, details by the federal government through the Ministry of Finance, in conjunction with the Central Bank, a programme, starting today, 31st of October, and lasting nine months, that will allow people to bring in cash that is outside the banking system.
“So therefore it is unsafe, it is unsecure and it is outside of legal limits. They will allowed forbearance to bring dollars cash. Let me emphasize once again, it is to bring dollars that they are holding outside the system to be able to bring them in and credit it to their bank accounts, as long as it is not proceeds of crime, illicit money.
“They just meet the normal ‘Know Your Customer’ criteria of banks and they have an opportunity to bring in those funds, make them safe, make them secure, and make them available through normal, economic activity.”
The minister also stated that 25 million Nigerians have benefitted from federal social protection initiatives, including digital outreach, microenterprise loans, and sector-specific support for power, agriculture, manufacturing, health, and compressed natural gas initiatives.
News
NAICOM Sacks African Alliance Insurance Board
The National Insurance Commission, (NAICOM), on Wednesday, sacked the board of African Alliance Insurance Plc with effect from October 30, 2024.
The Commissioner for Insurance, Mr. Segun Omosehin, disclosed this during a press conference in its Lagos office, that an interim board and management have be appointed.
The new interim board are: Dr Haruna Mustafar, a former director at Central Bank of Nigeria; Anthony Achebe – Non-Executive and Haj. Halimatu M. Khabeeb – Non-Executive Director.
The management team is led by former Managing Director of International Energy Insurance and Cornerstone Insurance Plc, Jacob Erabor, as Managing Director/ CEO; Wasiu Amao – Executive Director, Technical and Ms. Oremeyi Longe – Executive Director, Finance.
He noted that the interim management has up to one year to turn around the company.
He said the decision follows an extensive monitoring and review of the company’s financial condition, governance, and operational practices, which revealed significant concerns regarding its ability to continue operating in a safe and sound manner which has for some time now generated a lot of uncertainty over claims settlement and payment to annuitants under the company.
The Interim Management Board, according to him will oversee the company’s operations, ensure compliance with regulatory requirements, and implement necessary reforms.
While noting that the Commission will work closely with all stakeholders, including annuitants, policyholders, employees, and investors, to minimise disruption and ensure continuity.
”The objective of this takeover is to protect the interests of African Alliance Insurance Plc’s annuitants, policyholders, other stakeholders, and the broader insurance industry while ensuring the company’s return to stability and compliance.
“The Commission is committed to maintaining the stability and integrity of the Nigerian insurance industry. Our actions today demonstrate our resolve to address concerns and protect the annuitants, policyholders and public interest.”
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