Obi, Tambuwal, Advocate for Increased Powers for State Governors in Tackling Security Challenges

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During the Annual Lecture and International Leadership Symposium of the Centre for Values in Leadership (CVL) in Lagos, some former governors emphasized the need for state governors to have more powers to effectively address the security challenges in their respective states. This call was made during a panel discussion at the event, which also featured the launch of a new book by Prof. Pat Utomi, founder of CVL, titled “Power, Politics, Public Policy Process and Performance.”

Former governor of Anambra and 2023 Presidential candidate of the Labour Party, Peter Obi, highlighted the importance of governors having substantial powers to make security decisions for their states. He recalled his experience as governor, where he had the authority to act on security matters with the approval of the President. However, he noted that the level of autonomy granted to governors in this regard varied across different presidential administrations.

Obi also called for a stronger commitment from the President to combat insurgency and corruption, emphasizing the need for a system that punishes those involved in the ‘dollarization’ of business transactions, which undermines the country’s currency.

Similarly, former Speaker of the House of Representatives and governor of Sokoto State, Sen. Aminu Tambuwal, expressed concerns about the lack of consultation with governors on decisions affecting their states. He cited an example of the closure of borders linking Sokoto with three states in Niger during President Muhammadu Buhari’s administration, where he was not consulted.

Tambuwal emphasized the importance of restructuring and devolving more powers to governors to effectively manage security issues in their states. He also questioned the effectiveness of the presidential system of government in Nigeria, suggesting the need for reforms to align the system with the country’s realities.

Victor Attah, former governor of Akwa Ibom and Chairman of the occasion, stressed the need for governors to be partners rather than subordinates to the President in a federal system. He highlighted challenges he faced during his tenure as governor due to the nature of the federal system, calling for a constitutional review to address such issues.

Supporting the creation of state police, Attah also called for a trial of the electoral body’s activities to improve the nation’s electoral process. He advocated for a constitution written by and for Nigerians to drive progress in the country.

Prof. Pat Utomi emphasized the importance of good leadership, stating that Presidents should be good listeners and consult with governors on security matters. He praised late President Umaru Yar’adua for his listening skills and expressed regret over his untimely death.

The keynote speaker, Dr. Christopher Fomunyoh, highlighted the significance of democracy, governance, and national performance. He emphasized the need for Nigeria to lead in human capital development, economic growth, and good governance in Africa, calling on the country to take its rightful place on the global stage.

Daily Nigerian

BF Borgers, an accounting firm owned by former US President Donald Trump, has been accused by the Securities and Exchange Commission (SEC) of engaging in widespread fraud and operating a “sham audit mill.” The SEC alleges that BF Borgers committed “deliberate and systemic failures,” including the fabrication of audit papers and false assurances to clients regarding compliance with accounting standards.

This fraudulent activity, described as “massive,” occurred between January 2021 and June 2023, impacting over 1,500 SEC filings and more than 500 public companies. As a consequence, the SEC has permanently barred BF Borgers from practicing as accountants before the agency and imposed a severe penalty, including a collective fine of $14 million against the firm and its owner, Benjamin Borgers.

In a statement, Gurbir Grewal, director of the SEC’s enforcement division, declared that Borgers and his “sham audit mill” have been permanently shut down. The SEC has notified public companies that engaged BF Borgers to seek new accounting firms.

Trump Media & Technology Group, chaired and majority-owned by Donald Trump, was among BF Borgers’ clients. While Trump Media may be the most high-profile client, BF Borgers served around 350 clients subject to SEC rules during the mentioned period. However, the SEC review only examined BF Borgers’ work for public companies, excluding its services to Trump Media when it was private.

Trump Media, despite its significant valuation on Wall Street exceeding $9 billion, generates limited revenue. Its social media platform, Truth Social, faces challenges, with a notable decline in average daily active US users on iOS and Android in April. Despite this, Donald Trump remains a prominent user on Truth Social.

In response to the SEC’s actions, a spokesperson for Trump Media expressed readiness to collaborate with new auditing partners in compliance with the SEC’s order. BF Borgers did not provide a comment on the allegations.

In summary, BF Borgers, owned by Donald Trump, faces severe consequences following accusations of fraud by the SEC. The firm’s practices, characterized as a “sham audit mill,” have led to permanent suspension and hefty fines. Trump Media, among BF Borgers’ clients, is navigating challenges despite its substantial valuation, particularly with its Truth Social platform experiencing a decline in user engagement.

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BF Borgers, an accounting firm owned by former US President Donald Trump, has been accused by the Securities and Exchange Commission (SEC) of engaging in widespread fraud and operating a “sham audit mill.” The SEC alleges that BF Borgers committed “deliberate and systemic failures,” including the fabrication of audit papers and false assurances to clients regarding compliance with accounting standards.

This fraudulent activity, described as “massive,” occurred between January 2021 and June 2023, impacting over 1,500 SEC filings and more than 500 public companies. As a consequence, the SEC has permanently barred BF Borgers from practicing as accountants before the agency and imposed a severe penalty, including a collective fine of $14 million against the firm and its owner, Benjamin Borgers.

In a statement, Gurbir Grewal, director of the SEC’s enforcement division, declared that Borgers and his “sham audit mill” have been permanently shut down. The SEC has notified public companies that engaged BF Borgers to seek new accounting firms.

Trump Media & Technology Group, chaired and majority-owned by Donald Trump, was among BF Borgers’ clients. While Trump Media may be the most high-profile client, BF Borgers served around 350 clients subject to SEC rules during the mentioned period. However, the SEC review only examined BF Borgers’ work for public companies, excluding its services to Trump Media when it was private.

Trump Media, despite its significant valuation on Wall Street exceeding $9 billion, generates limited revenue. Its social media platform, Truth Social, faces challenges, with a notable decline in average daily active US users on iOS and Android in April. Despite this, Donald Trump remains a prominent user on Truth Social.

In response to the SEC’s actions, a spokesperson for Trump Media expressed readiness to collaborate with new auditing partners in compliance with the SEC’s order. BF Borgers did not provide a comment on the allegations.

In summary, BF Borgers, owned by Donald Trump, faces severe consequences following accusations of fraud by the SEC. The firm’s practices, characterized as a “sham audit mill,” have led to permanent suspension and hefty fines. Trump Media, among BF Borgers’ clients, is navigating challenges despite its substantial valuation, particularly with its Truth Social platform experiencing a decline in user engagement.

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