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Big Four: A Look At The Auditors Earning Billions From Nigerian Banks

Big Four: A Look At The Auditors Earning Billions From Nigerian Banks

The four biggest global audit firms earned a whopping N6.13 billion from 11 Nigerian banks as audit fees for 2020, a review has shown.

The big four are PricewaterhouseCoopers (PWC), Deloitte, KPMG and Ernst & Young.

Data from banks’ corporate reports show that the amount was earned as the cumulative audit fees of 11 Nigerian banks including Zenith Bank, Guaranty Trust Bank, Access Bank, Stanbic IBTC, First Bank, UBA, Union Bank, Fidelity, Sterling, First City Monument Bank and Ecobank.

The four companies handled most of the bank audits. A fifth firm, Grant Thorton, audited at least one bank.

The auditors likely made more money auditing banks as figures in this report reflect only those highlighted in the banks’ financial reports. Those not published, alongside services retained by unquoted banks, are not covered.

Auditors are financial professionals who are responsible for reviewing and evaluating corporate organization’s records to ensure accuracy, honesty and compliance. The financial auditors perform either internal or external audits.

An audit can be conducted quarterly, bi-annual, and annual and auditors must be changed at least every 10 years to conserve auditors’ independence.

The data analysis by PREMIUM TIMES shows that PwC received the highest earnings of N2.98 billion from auditing three of the big five Nigerian banks called FUGAZ (FBNH, UBA, GTB, Access Bank and Zenith Bank).

PwC earned N786 million from Zenith Bank, N 1.179 billion from Guaranty Trust Bank and N1.017 billion from Access Bank.

KPMG was next as the audit firm earned N1.33 billion from two commercial banks, Stanbic IBTC and First Bank. The firm earned N950 million from First Bank and N376 million from Stanbic IBTC.

Ernst and Young (E&Y), another of the big 4, also earned N1.15 billion auditing 3 banks out of the 11 banks on the list namely; Fidelity, UBA and Union Bank.

The firm earned N200 million from Fidelity, N773 million from UBA and N179 million from Union Bank.

Deloitte in its case generated N674 million from two commercial banks: Sterling Bank and First City Monument Bank. Sterling Bank paid Deloitte N250 million for its audit services, while the company earned N424 million from First City Monument Bank.

EcoBank did not indicate how much it paid its auditors, Deloitte and Grant Thornton.

PricewaterhouseCoopers (PwC).

PwC hq
PwC HQ

Operating in Nigeria since 1953 through its predecessor firms of Coopers & Lybrand and Price Waterhouse, PwC is a network of firms in 157 countries with over 276,000 people.

Based in London, United Kingdom, PwC offices around the world recorded a gross revenue of $43 billion as of June 2020.

The firm ranks as the second largest professional services firm in the world, which makes it one of the “Big Four.”

It renders assurance, advisory, tax advisory, tax controversy, strategy consulting, data & analytics, management consulting, financial advisory, actuarial and legal services.

Considered the largest provider of professional services in Africa with close to 400 partners and over 9,000 people in 34 countries, PwC has over 1000 staff and 31 resident partners within Nigeria with offices in Lagos, Abuja, and Port Harcourt.

It is committed to serving as a force for integrity, good sense, and wise solutions to the problems facing businesses and the capital markets.

PwC gives its staff the choice between gaining ICAN or ACCA qualifications.

Among the 11 listed banks on the Nigerian bourse, PwC topped as the highest auditor in terms of the amount received.

Deloitte & Touche

Deloitte & Touche
Deloitte & Touche

Deloitte is the largest professional services network in the world by revenue and by the number of employees. In 2020, it generated an aggregate revenue of $47.6 billion.

Founded in London, UK, Deloitte provides audit, consulting, financial advisory, risk advisory, tax and legal services with approximately 330,000 people in 150 countries.

Deloitte & Touche is Nigeria’s oldest indigenous accounting firm and the Deloitte Touche Tohmatsu Limited (DTTL) member firm in Nigeria was established in 1952 by Akintola Williams, regarded as the first African to qualify as a chartered accountant.

KPMG

KPMG
KPMG

Based in the Netherlands, KPMG is a network of firms in 147 countries, with over 219,000 staff and partners, its line of services are financial audit, tax, and advisory.

In 2020, KPMG ranked 32nd on the Fortune list of 100 best companies to work for, after ranking 36th in 2019 and 29th in 2018.

In July, the UK regulator ruled that KPMG’s bank audits needed improvements for an “unacceptable” third year running.

The Financial Reporting Council (FRC) said checks of 103 audits by KPMG, PwC, Deloitte, EY, Mazars, Grant Thornton and BDO from 2019 and 2020 showed nearly a third required improvement, only a marginally better outcome than in its previous annual survey, Reuters reported.

KPMG was appointed as the external auditors of FBN Holdings in April 2020, replacing PWC that had served as the bank and the bank’s holdings’ auditors for eight years and 10 years respectively.

Ernst & Young

Ernst & Young
Ernst & Young

With its headquarters in London, UK, E&Y is a multinational professional services firm that primarily provides assurance, tax, consulting, and advisory services to its clients.

Founded 32 years ago, after the merger of Ernst & Whinney and Arthur Young & Co., it has 280,00 employees in 150 countries around the world.

In 2020, E&Y ranked third on Accounting Today’s ranking of the top 100 accounting firms based on their revenue in the U.S. The firm generated $15 billion in its last reported fiscal year.

In Nigeria, it offers professional services through teams drawn from a pool of 25 partners and over 410 professional staff with diverse and specialised skills.

Grant Thornton

Grant Thornton
Grant Thornton

By revenue, Grant Thornton is the world’s seventh-largest professional services network of independent accounting and consulting member firms. It provides three main services: assurance, tax and advisory to privately held businesses, public interest entities, and public sector entities.

The UK- based firm, which has revenues in excess of $1.95 billion, operates in more than 140 countries with over 56,000 persons in its network.

Grant Thornton and its member firms is a separate legal entity. Its services are delivered by member firms.

Nigeria Army: ISWAP Massively Recruiting To Replace ‘Repentant’ Members

Nigeria Army: ISWAP Massively Recruiting To Replace 'Repentant' Members

Islamic State of West African Province terrorist group (ISWAP) has commenced a massive recruitment drive.

This comes after the death of Boko Haram leader, Abubakar Shekau and subsequent ‘repentance’ by thousands of Boko Haram insurgents.

This was revealed on Sunday by Army Public Relations Director, Brig. Gen. Onyeama Nwachukwu, during a tour of the headquarters of the Theatre Command, Operation Hadin Kai Maimalari, in Maiduguri, Bornu State.

The Director noted that the military would not relent in its fight against terrorism, The PUNCH has reported.

He, however, urged members of the public to be observant in their communities.

“I will like to mention that the ISWAP, very recently, having been depleted by the surrendering of their member, as well as and conflict between them, they have embarked on what I will call a massive recruitment drive and I consider it very important to engage the media to block this recruitment.

“The Boko Haram insurgents have been surrendering. People have questioned the authenticity of the surrendering of these insurgents and why they are surrendering at this time.

“There are also the questions on the reintegration of these insurgents. Another question is what the plight of the victims of the insurgency is.

“That is the essence of this tour. The military is not resting on its oars in the fight to end insurgency and insecurity in the country,” Nwachukwu said.

He said the fight against insurgency had recorded some success.

“At some point, the insurgents almost took over the three state capitals of Adamawa, Borno, and Yobe in the North-East. Some three years back, Boko Haram was advancing towards the Federal Capital Territory. Today they have been boxed into the Timbuks,” he added.

Meanwhile, the Commander, Theater Command, Operations Hadin Kai, Maj. Gen. Christopher Musa explained that the military has no power to prosecute insurgents but to profile and investigate before handing them over to the necessary authorities.

Ooni To Leaders: We Can’t Continue Like This, Goes Into Shrine

Ooni To Leaders: We Can’t Continue Like This, Goes Into Shrine

The Ooni of Ife, Oba Adeyeye Ogunwusi, Ojaja II, has told the nation’s leaders that the handling of the nation’s precarious security and economic situations needs to be changed to make life bearable for Nigerians before going into a seven-day seclusion.

“We cannot continue like this,” said Ooni Ogunwusi. “Things need to change, and there cannot be any change without the hands of God, for the prayer of the righteous availeth much.”

He admitted that the worsening economic and security situations needed to change for the better, urging politicians to have a change of heart.

The ruler further stated that he would use the period to pray for God to touch the hearts of Nigerian politicians to stop playing games with people’s lives and be sensitive to their yearnings.

“Our politicians in this country have the same value, same character. But I am going into seclusion to pray for our leaders to have a change of mind so that things could get better,” he noted. “Our leaders should be ready to serve us genuinely, as promised during their campaigns. So, I am going there to pray to my ancestors to touch their hearts, for them to make life more bearable to us.”

On Sunday, the monarch began the seven-day seclusion, which usually precedes the annual Olojo Festival in Osun.

Before entering seclusion, Ooni Ogunwusi said he would dedicate the days to pray for a better Nigeria.

The Ooni added that Nigerians had every cause to thank God, given the devastating effect of the COVID-19 pandemic ravaging the rest of the world.

He pointed out that the seclusion “is so significant” that “I cannot joke with,” explaining that it is a tradition spanning “thousands of years.”

Olojo is regarded as “the day of the first dawn” by the Yorubas.

In the lore of Ile-Ife, the Olojo is an annual cultural festival created to celebrate the day God created the earth.

NAN

Buhari Approves Incorporation Of NNPC, Appoints Mele Keyari As CEO

Buhari Approves Incorporation Of NNPC, Appoints Mele Keyari As CEO
President Muhammadu Buhari

President Muhammadu Buhari has appointed Mele Kyari as Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC) even as he approves the incorporation of the petroleum industry regulators.

Making this disclosure in a statement on Sunday, the President’s spokesman, Femi Adesina, said the appointment was in line with the Petroleum Industry Act (PIA) of 2021.

Buhari also appointed Senator Ifeanyi Ararume as chairman of the management board as he set up the board and management for the NNPC Limited.

“President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited,” the statement by Mr Adesina read.

“This is in consonance with Section 53(1) of the Petroleum Industry Act 2021, which requires the Minister of Petroleum Resources to cause for the incorporation of the NNPC Limited within six months of commencement of the Act in consultation with the Minister of Finance on the nominal shares of the Company.”

“Also, by the power vested in him under Section 59(2) of the PIA 2021, President Buhari has approved the appointment of the Board and Management of the NNPC Limited, with effect from the date of incorporation of the Company,” the statement read further.

“Other Board Members are; Dr Tajudeen Umar (North East), Mrs Lami O. Ahmed (North Central), Mallam Mohammed Lawal (North West), Senator Margaret Chuba Okadigbo (South East), Barrister Constance Harry Marshal (South South), and Chief Pius Akinyelure (South West).”

The President directed the newly appointed CEO to ensure that relevant actions are taken to ensure that the incorporation is in accordance with the PIA of 2021.

Buhari August passed the PIB into law. Prior to passage, the Petroleum Industry Bill generated a lot furore.

Lawmakers, governors and oil-bearing host communities kicked against the paltry allocations to host communities.

The Southern Governors’ Forum in July kicked against the proposed three per cent sharing formula contained in the passed PIB, asking the National Assembly to stick to the five per cent recommended by the House of Representatives.

The governors also rejected the proposed 30 per cent share of profit for the exploration of oil and gas in the basins and the ownership structure of the proposed Nigeria National Petroleum Company Limited (NNPC).

However, Buhari in abrupt disregard to southern governors concern assented three per cent for host communities in the PIB law.

Peoples Gazette later exclusively reported how a bribe of $10 million was shared among lawmakers to ensure smooth passage of the controversial bill.

Senate President, Ahmad Lawan, and House Speaker, Femi Gbajabiamila, were allegedly said to have pocketed $2 million apiece from the largesse provided by barons in the oil industry.

Nicholas Aderinto: Africa Needs COVID-19 Vaccines Produced In Africa

Nicholas Aderinto: Africa Needs COVID-19 Vaccines Produced In Africa

As of the 3rd of May 2021, 1.16 billion COVID-19 vaccine doses had been administered worldwide. 36.1% of the vaccine was administered among the 27 wealthiest countries globally, which account for only 10.5% of the global population.

Within the same period, Africa, which accounts for 17.6% of the global population, had administered vaccines to less than 2% of its people.

Africa suffers from the centralised worldwide production and distribution imbalance, as its dependence on Western manufacturers exposes it to the consequences of vaccine nationalism and procurement constraints. Africa produces only 1% of the vaccines used in Africa. This lack of vaccine manufacturing capacity, together with the continent’s faulty health infrastructure, indicates that vaccines will likely be a significant factor in disease control even beyond COVID-19.

The gap in demand and supply for vaccines in Africa can only be closed by shifting from dependency to self-sufficiency in vaccine manufacturing, even though local vaccine manufacturing within the existing African health infrastructure is almost impossible.

Starting a thriving continental vaccine production infrastructure hinges on at least four factors: increased financing, a focused continental goal, regulatory bodies of international reputation, and technical know-how.

Several coalitions and investments in COVID-19 vaccine manufacturing have been announced in recent months. On the 28th of March, 2021, the African Vaccine Acquisition Task Team (AVATT) announced a new agreement with Johnson & Johnson (J&J) to provide AU countries with 220 million single-shot doses of J&J vaccines. Aspen Pharmacare in South Africa will manufacture these.

However, investment for manufacturing locally in Africa is still limited. The Institut Pasteur de Dakar in Senegal, Africa’s sole WHO-prequalified vaccine manufacturer, manufactures only a small amount of yellow fever vaccines. According to a 2015 study co-sponsored by WHO and UNIDO, the cost of building a vaccine manufacturing plant ranges from $60 million to $130 million.

The continent can create an investment coalition through a centralised investment budget, as it did with a significant buyer coalition through COVAX, the AU, Afreximbank, and other organisations. The initiative will help to ensure that there is a uniform strategy across the continent, enabling each country to focus on its respective advantages.

Local vaccine manufacturers would also profit from access to a wider set of funders, involving objectives other than solely commercial returns, such as global development finance organisations and philanthropists, which may be ready to fund long-time investments.

Stakeholders across Africa have repeatedly expressed the need for manufacturing capacity in Africa. The 2011-2020 Global Vaccine Action Plan, which was adopted by all Member States of the World Health Assembly, and the 2016 Addis Ababa Declaration, which was endorsed by all African countries, are a few such declarations.

However, these declarations have not yielded results.

Africa needs a goal. A well-planned goal that is appropriately expressed and harmonised with stakeholders across national, regional, and continental tiers will be necessary for coordinating activities if vaccine manufacturing is to flourish on the continent.

The plan must include specified roles and responsibilities for stakeholders. Such a strategic policy will necessitate long-term agreements from all stakeholders, cutting across several election terms and administrations.

Every country has a regulatory agency that ensures that vaccines used within the country are safe and effective. These bodies are commonly known as the national regulatory authorities (NRAs). Standard NRAs are needed to start local vaccine manufacturing. Many African regulators are unfit to adequately regulate local vaccine production due to a lack of functioning NRAs. Only two NRAs, Tanzania and Ghana, in Africa have attained the World Health Organisation’s (WHO) level, required for WHO prequalification of local vaccines.

Organised regional, if not continental, regulatory harmonisation through the Africa Medicines Agency (AMA) and the African Vaccine Regulatory Forum (AVAREF) would help African vaccine manufacturers. It will help by promoting exports, simplifying specialised activities for vaccine-premarket approval, and facilitating and improving continent-wide medicine agencies, thereby boosting market potential.

Vaccine manufacturing needs an extensive skill set, especially in biopharma, regulatory competence, quality assurance, etc. Vaccine knowledge is present in low supply in Africa. Only ten indigenous vaccine value chain players are currently active. About 40% work solely on packaging and labelling, and another 40% work solely on infill and finish. The continent is mainly susceptible to “brain drain” when newly upskilled workers work elsewhere due to substandard working conditions. The brain drain puts the continent at a disadvantage to depend on expertise from global manufacturers.

Tech transfers and rotations of trained workers will remain essential to start vaccine manufacturing in Africa.

Partnerships with graduate institutions to develop programmes and degrees to suit vaccine manufacturing needs and projects to repatriate talent from the diaspora, reskilling and upskilling of employees through training programmes for improving national skills should be considered by governments and local manufacturers.

African governments must look into these points to realise a local, continental manufacturing capacity. Vaccine scarcities in Africa have considerable health consequences. Uncertainties in vaccine access mean that the virus will go on to spread. The potential dividends of vaccines made in Africa such as job creation and promotion of socio-economic development are huge in responding to COVID-19 and preparing for unavoidable pandemics to come.

Aderinto is a 2021 African Liberty Writing Fellow.

NCFront: Obadiah Mailafia’s Death Unbelievable, Will Be Investigated

NCFront: Obadiah Mailafia’s Death Unbelievable, Will Be Investigated

National Leaders of Conscience under the auspices of the National Consultative Front has described the death of a former Deputy Governor of Central Bank, Dr Obadiah Mailafia, as “unbelievable”.

The group made this known in a statement titled, ‘Mailafia: The Exit of A Titan …Leaders of Conscience, NCFront, Mourn the Passing of Obadiah Mailafia, To investigate his death’.

In the statement issued by Amb (Ms) Rukaiya Muhammad on behalf of the NCFront National Secretariat, the leaders also promised to investigate the social critic’s death.

The statement read, “NCFront, an emergent political movement of a group of eminent leaders of thought working towards the emergence of a new Nigeria that works for all by 2023 wish to express deep shock and sadness over the passing of our associate and founding member of the Front, Dr Obadiah Mailafia, former presidential candidate of the African Democratic Congress, ADC in the 2019 general elections in Nigeria

“It will be recalled that Mailafia until his unbelievable demise today was a member of the National Steering Council and the North Central Facilitator of the NCFront, who raised the bar of commitment to the tasks of the movement, constantly advocating a fair, just and equitable governance of Nigeria therefore becoming a Frontline member of the National Constitutional Dialogue Committee initiated by the movement to stem the heightening constitutional crisis and political agitations and insecurity traceable to the inherent flaws and pit falls of the Nigerian Constitution foisted on the country by the Nigerian military at the outset of current troubled democracy in 1999

“In a demonstration of his huge commitment to the movement, Obadiah Mailafia last week gave positive feedback to the National Secretariat of the NCFront on a tactical task given to him by the movement towards ensuring cohesion and stability in the North Central and Middle Belt region ahead of the people’s constitutional dialogue in the region, showing no sign of illness.

“Memories of his various endeavors and contributions will be remembered and honoured by the NCFront during the 2nd National Rescue Summit being planned by the NCFront to commemorate Nigeria’s 61st Independence Anniversary on 1st October, 2021.

“The movement, however, wishes to condole and commiserate with the family of its departed Leader, Obadiah Mailafia, praying for the repose of his soul and fortitude and strength for members of his family and promising investigation into his sudden death.”

Mailafia passed on at the age of 64.

Mailafia, who was a columnist with The PUNCH was said to have died at midnight after a brief illness.

The former deputy governor, who was the Presidential candidate of the African Democratic Congress in the 2019 election, was a known government critic and had advocated for public sector and exchange rate reforms.

Tottenham Legend, Jimmy Greaves, Dies At 81

England And Tottenham Legend, Jimmy Greaves, Dies At 81
Jimmy Greaves

Tottenham and England legend, Jimmy Greaves, has died aged 81.

Tributes have poured in for the Spurs goalscoring hero, who had been battling dementia for a number of years.

Jimmy Greaves in his pomp, playing for Tottenham in 1968
Jimmy Greaves in his pomp, playing for Tottenham in 1968. Credit: Getty
After retiring Greaves had a second career as a speaker and television presenter
After retiring Greaves had a second career as a speaker and television presenter. Credit: Reuters
The former England striker with current Three Lions captain
The former England striker with current Three Lions captain. Credit: Getty – Contributor
Greaves was a teenage sensation for Chelsea
Greaves was a teenage sensation for Chelsea. Credit: Getty

Spurs said in a statement said: “We are extremely saddened to learn of the passing of the great Jimmy Greaves.

“We extend our deepest sympathies to Jimmy’s family and friends at this sad time. Rest in peace, Jimmy.”

Greaves was one of the most prolific top flight goalscorers the English and world game has seen.

After retiring from the game he went on to have a second career on TV, presenting the hugely popular ‘Saint and Greavsie’ football show with Ian St John, who himself died earlier this year.

Soon after his death was announced, tributes began to be paid by past and present footballers.

Sir Geoff Hurst, who replaced Greaves in the 1966 team and scored a hat-trick in the final triumph over West Germany, says Greaves was simply the greatest English forward there has ever been.

“There have been some great players but forwards are judged on goals, and there’s nobody who could touch him,” he said.

“I am asked is there any animosity between Jimmy and I, because I took his place? But not for one second.

“You hear the term genius, and it is the one word which applies to Jimmy.”

Current Spurs and England striker Harry Kane paid tribute to “true legend and one of the great goalscorers”.

Arsenal legend Ian Wright described how he was urged to copy Greaves as a youngster.

“The first footballers name I ever heard from my teacher. ‘No Ian! Finish like Jimmy Greaves’ May he rest in peace,” he tweeted.

England manager Gareth Southgate said there will be tribute to Greaves when the team play Hungary at Wembley next month.

“Jimmy Greaves was someone who was admired by all who love football, regardless of club allegiances,” he said.

“I was privileged to be able to meet Jimmy’s family last year at Tottenham Hotspur as the club marked his 80th birthday. My thoughts are with them and I know the entire game will mourn his passing.

“Jimmy certainly deserves inclusion in any list of England’s best players, given his status as one of our greatest goalscorers and his part in our 1966 World Cup success.”

Greaves in his heyday at Spurs, who described his record as "phenomenal"
Greaves in his heyday at Spurs, who described his record as “phenomenal.” Credit: PA
England's World Cup winning captain Bobby Moore and Greaves pictured before the tournament
England’s World Cup winning captain Bobby Moore and Greaves pictured before the tournament. Credit: Getty
He also played for Italian giants AC Milan
He also played for Italian giants, AC Milan. Credit: Getty – Contributor
Greaves was a goal scoring machine for Spurs
Greaves was a goal scoring machine for Spurs. Credit: Getty
Later in life, he appeared on the hugely popular Saint & Greavsie show
Later in life, he appeared on the hugely popular Saint & Greavsie show. Credit: Rex
Jimmy Greaves, left, with fellow former England international Norman Hunter
Jimmy Greaves, left, with fellow former England international, Norman Hunter. Credit: PA

Greaves suffered a stroke in May 2015 which left him wheelchair-bound and with severely impaired speech.

Tottenham said he had died at home on Sunday morning.

The club paid tribute to Greaves’ “phenomenal strike rate”.

He was England’s greatest top-flight goalscorer by a country mile, despite retiring from the professional game at 31, which made him more remarkable still.

Greaves was leading scorer in the English top flight in six different seasons.

He also held the all-time record of 366 goals in Europe’s top five leagues, which stood for no less than 46 years.

It was only eclipsed by Cristiano Ronaldo during Real Madrid’s superb 2016-17 campaign.

Yet he was no mere goal machine, remarkable only for an avalanche of statistics.

He was also a much-loved TV presenter, a professional TV critic, a stand-up comedian, a supremely gifted anecdotist and raconteur as well an inspirational fighter against alcoholism.

James Peter Greaves, born the son of a Tube driver in Manor Park, East London, on February 20th 1940.

He was a teenage sensation at Chelsea and an early pioneer overseas in a brief spell at AC Milan.

But he is probably best known as an insatiable goal-scorer during nine years at Tottenham, where he would win two FA Cups.

He was also part of the first British team to win a European trophy when Spurs picked up the Cup Winner’s Cup in 1963.

Greaves was an outstanding dribbler capable of Messi-esque individual efforts, yet he elevated the goal poaching into an art form.

While his England scoring record was outstanding, Greaves would be a spectator for the greatest game in his nation’s history, the 1966 World Cup Final, after suffering a gashed shin in the final group match against France.

For the quarter-final, he was replaced by Geoff Hurst, who scored the winner against Argentina.

When Greaves was only approaching full fitness by the time of the final against West Germany, Alf Ramsey stuck with Hurst and the rest was history.

Jimmy Greaves’ career in numbers

114 – goals scored for the youth team after signing for Chelsea in 1956.

17 – Greaves’ age when he made his first-team debut for Chelsea, scoring in a 1-1 draw with Tottenham.

100 – number of league goals Greaves had scored by the age of 20. He remains the youngest player to reach the landmark.

99, 999 – the fee in pounds paid by Tottenham to sign Greaves from AC Milan in 1961.

132 – goals for Chelsea in 169 games.

44 – goals scored for England in 57 matches. He is still fourth on the all-time list behind Wayne Rooney (53), Bobby Charlton (49) and Gary Lineker (48).

6 – hat-tricks scored for England still stands as a record today.

41 – number of goals for Chelsea in 40 league games during the 1960/61 season is still a club record at Stamford Bridge.

266 – goals for Tottenham in 379 appearances means Greaves remains Spurs’ record goalscorer.

Contrary to popular belief, Greaves wasn’t bitter about missing out on that famous 4-2 victory and hat-trick hero Hurst was a life-long friend.

The footballing moment which caused him such devastation came in 1970 when Spurs boss Bill Nicholson off-loaded him to West Ham in a swap deal involving Martin Peters.

His time at Upton Park was brief and unrewarding. Greaves retired the following year – returning only as a non-league midfielder some years later.

When alcoholism took its grip, he admitted that the years from 1974 to 1978 were “lost” to him.

During that time, Greaves divorced Irene – his teenage sweetheart and the mother of his five children.

They married when they were both 18 and when Jimmy was a forward with Chelsea, earning £17 a week and £100 if he played for England.

But the couple were soulmates who never really parted, officially remarrying in 2017, but only because they “never got round to it” 30 or 40 years earlier.

As a footballer and later a TV personality, though, Greaves seemed to have an extended family of millions.

He was one half of Saint and Greavsie, the hugely popular ITV football show he co-hosted with Ian St John from 1985 to 1992 – where his eternal catchphrase “It’s a funny old game” was coined.

Back when football did not always take itself so seriously, the duo once successfully persuaded Donald Trump to conduct the draw for the League Cup quarter-finals.

During almost two decades with ITV, his other long-term role was as television critic for TV:AM.

And after that Greaves continued to tour theatres as a gifted story-teller – his comic timing almost as sharp as his instinct for filling onion bags.

In all, he contributed brilliant columns for The Sun and the Sunday People 35 years.

His views were often spiky and cynical and he had a tremendous knack for debunking footballing myths, as well as excommunicating some of the game’s “saints” with earthy tales.

According to Greaves all footballers were cheats, all talk of tactics was overblown because playing football was basically “chaos”.

And all managers were racketeers enriched each time they were sacked for failing.

Greaves never touched a drop of booze after 1978 and yet he battled the temptation every day, claiming that he was as aware of his condition as a man who had to screw on a wooden leg every day of his life.

Yet paradoxically he continued to be the life and soul of boozed-up rooms as an after-dinner speaker, as well as at newspaper Christmas lunches.

A look at Jimmy Greaves’ remarkable career in numbers

Varsity Don: Bandits Are Sophisticated Money Launderers

Varsity Don: Bandits Are Sophisticated Money Launderers

A lecturer in the Department of History, Usmanu Danfodiyo University, Sokoto, Dr Murtala Rufa’i, whose decade-long researches in rural economy brought him in contacts with bandits, speaks about their mode of operations in this interview with ADENIYI OLUGBEMI of The PUNCH.

You recently delivered a seminar paper titled ‘I am a bandit,’on campus. Why did you choose such a topic, knowing how sensitive the issue of banditry is in the country at this time?

Before I arrived at the topic of my presentation, I sought legal opinions and interpretation of that particular title. I consulted legal practitioners and experts on the implication of the title, describing myself and my 10 years experience with different groups of bandits. My lawyer, thereafter, advised me there is no title I can give the presentation that would be as good as ‘I am a bandit.’

You said you have a 10-year experience interacting with bandits. Being a scholar, what were you doing with bandits?

For the umpteenth time, I need to clarify that I am not a bandit. We do not clearly understand these people called bandits. They are simply a community of pastoralists who used to live in settlements but transformed overnight into bandit gangs and these are settlements that have been existing for decades. In the course of my research from 2010, which centred on rural economy and entails going into rural areas, interacting with the rural communities and also understanding their challenges, I was able to interact with a lot of them (bandits) on this basis that. But they were not bandits at the time.

We became friends and exchanged contacts. They became bandits overnight with emerging phenomenon but this did not truncate our friendship or our interactions. It was when I finished my research on rural economy that I picked interest in the transformation of this people. This is how I was able to generate the necessary information and data presented at the seminar because I related with them (bandits) and they gave me lots of confidential information.

You described your seminar presentation as just a tip of the iceberg, in terms of information on banditry at your disposal.  Will you be willing to assist security agencies with this information you have?

Definitely, the information I gathered will be useless if it doesn’t contribute towards efforts to stop the unwarranted killings around us. I will gladly share the information at my disposal with whoever is coming to end this problem. But without any gainsaying, I believe the security agencies, through their intelligence gathering networks, would have more information than I do. But whoever is ready to end banditry, I am ready and willing to collaborate with them. I am duty-bound to share my knowledge towards providing solutions because part of my appointment as a lecturer in the university is to teach, conduct research and go out for community service.

You said you believe that the security agencies have the needed information about these bandits. Why then do you think it is taking them this long to crush these bandits?

It is taking so long because it is a problem that has been allowed to grow out of proportions and it now has multiple chains and it can no longer be solved with a one-line approach. The solution now is to adopt the kinetic and non-kinetic approaches. The security agencies need to be strategic and scientific in adopting these options.

What do you think of the restrictions being imposed by governments of Katsina, Zamfara, Sokoto, Kaduna and lately, Jigawa states as part of anti-banditry strategies?

Some of these measures being adopted, though not new, are good in the sense that they are based on findings of scientific researches. If there is anything crucial to the sustenance of banditry, it is availability of petrol and open market. Had it been it is only the communications networks that were shut down without cutting off supply of petrol and closure of markets, the bandits would not feel the heat because the traditional centre for dissemination and sourcing for information, especially to pastoralists, in the rural areas is the market. The life of an average pastoralist revolves around the market place. That is where they borrow and pay back the money. It is at the market that a pastoralist meets his wife and announces his date of wedding and the birth of his children. The market closure and ban on the sale of petrol in rural areas are two crucial and sensitive decisions taken, that will enhance the needed results.

Recent reports indicated that most bandits are abandoning their motorbikes due to the shutting down of filling stations around the bandits’ zone. This measure alone is enough to end rural insecurity because no attack could be carried out without fuel; that is critical to the running of their motorbikes.

Do you have an insight into how these bandits get the quantum of arms and ammunition in their possession?

The issue of how they source their arms and ammunition is a different thing entirely. A large part of what they collect as ransoms and a substantial part of the animals they rustle are either sold to get money or exchanged for weapons. It will be hard for people to understand that bandits are sophisticated money launderers. Their modus operandi is to rustle cows, sell the rustle cows, buy more robust, well-fed cows and take them to neighbouring countries for sale. The proceeds, they invest in acquiring more arms and ammunition.

Studies have shown that there are over 100,000 arms and ammunition in the hands of the bandits. A bandit leader once said there are more weapons than cattle in Zamfara, considering the large number and membership of the armed groups. Weapons like anti-aircraft guns, rocket-propelled grenade tubes, machine guns, AK-47, AK-49, G3 magazines, among several others, are found across different camps in the state. For you to know how sophisticated these bandits are, camps like that of Turji, Halilu and Shehu Rekep used drones and CCTV cameras for surveillance and intelligence gathering. In another camp at Birnin Magaji, there was a local ICT expert in charge of solar panels and monitoring of the CCTV.

Most arguments on the source of weapons revolve around the porous border thesis and the inability of the security to man the over 1,950 official borders. There is a plausible assumption that arms supply in Zamfara is majorly from the Nigeria-Niger Republic borders located around Zamfara, Sokoto and Katsina axis. Some of the illicit traffickers are well-known in their communities and calamity could befall any community that exposes these suppliers to security agencies. There is also the use of women and children as couriers of arms along the border. Depending on the size and distance, an AK-47 rifle is transported into a nearby village from the border at the rate of N20,000, while a bag containing 100 rounds of ammunition is transported at the cost of N5,000.

At the point of interviews, most members of the armed groups could heard giving the prices of weapons in their possession because they are largely quantified and values by either cattle or full-grown bull. On the average, some gave out two to three cattle for AK-47 or their price equivalent. Those that accept cattle, mostly Fulani retailers, have the chances of getting more costumers and huge profit margins than those who only exchange for money.

From your interactions, what will you say gave rise to banditry, in the first place?

Contemporary armed groups in Zamfara are traceable to politicians, who sponsored and armed youths as political thugs to achieve their ambition in 2011. The youths were later abandoned and they resorted to self-help and drugs.

The second factor is traceable to injustice – injustice from all angles, from everybody and from every stratum of society. Society considers the pastoralists as ignorant, uncivilised, barbaric people, who don’t actually know what they are doing but, they are very clever and highly intelligent. You cheat a pastoralist today, thinking he has forgotten, when he has the opportunity 10 years later, he will certainly fight back. They don’t forgive and they are never ready to forgive.

Pastoralists are left unattended to, with no provision or arrangements for their welfare in recent times. Nigeria has a substantial budget for agriculturalist (farmers), what provisions is being made for the herders? They are being harassed by the police, jailed by courts and decimated by the army. Nomadic education is not meant for pastoralists. Grazing routes, grazing reserves, wells and water points have been taken over by politicians and military elites.

You listed 16 major bandits camps within the North-West; how do they operate?

Historically, the first armed group evolved in 2011, led by Kundu and the notorious Buharin Daji, both of Fulani background. The group operated underground in the forest, but its real motive started to manifest itself in 2012, when cases of cattle rustling began in Zamfara State. At the onset, membership of the group was restricted to the Fulani, especially during the recruitment exercise between 2011 to 2012. Recruitment was through conscription, use of cash and cow, promise for sex and leisure as well as intimidation of other Fulani people.

What is confounding about these bandits is that, although they are united for same purpose, they are paradoxically divided along different camps. The quest for more sophisticated weapons was not largely motivated by the fashion for attack and killings, but largely against other rival groups. Arms procurement and inter-gang rivalry is a common feature of the groups.

Young and junior group members have free access to weapons and could organise minor attacks, raids and kidnappings without the consent of the leaders. Consequently, to minimise inter-gang squabbles, the entire North-West was divided into bandits camps and each area/zone allocated to a particular leader.

Niger and Kaduna states are Abubakar Abdallah’s (alias Dogo Gide) territory; under him are smaller camps with loyalty and allegiance to individual leaders. Katsina was controlled by the late Auwalun Daudawa and Dangote Bazamfare, under them also are large members of mini gang leaders. Sokoto State, particularly the eastern flank, is under the jurisdiction of Turji, while there are numerous leaders in Zamfara State.

Boko Haram and ISWAP hold sway in the North-East and bandits are lords in parts of the North-West and North Central. Is there any link in their modes of operation?

Fortunately for us as a nation, there is no operational synergy between these groups. All of them operate on different ideologies and the link that would have brought them together was jettisoned in 2016. In my findings, there were several attempts by Boko Haram to infiltrate the bandits but the attempts broke down. Bandits operate independently from Boko Haram and ISWAP. I can authoritatively reveal to you that some Boko Haram members sent in 2016 by Shekau, to come down and train some of the bandits eventually aligned with the bandits and stay put, having realised that there is money in banditry, there is freedom of operation in banditry, unlike in Boko Haram, where you have to subscribe to an ideology and it is what the leader tells you to do, that you must do. Failure to adhere to the dictates of the leader attracts severe repercussions.

Bandits, however, are autonomous groups, operating in different camps and answerable to different leaders. Whenever someone feels he can form his own bandit gang, he can decide to go his own way but, this is contrary to the ideology of Boko Haram.

The PUNCH

FUTO: Pantami Conducted Research At NITDA, Not Political Appointee

FUTO: Pantami Conducted Research At NITDA, Not Political Appointee
Professor Isa Ali Pantami

The Federal University of Technology, Owerri, has said that its appointment of Minister of Communications and Digital Economy, Isa Pantami, as a Professor was partly because the school considers his tenure at the National Information Technology Development Agency (NITDA) as a research and academic assignment rather than a political appointment that it is widely known to be.

John Nnabuihe, the registrar of FUTO, told Tribune newspaper on Saturday that Pantami had been assessed alongside other members before being appointed. Nnabuihe noted that Pantami’s name was provided to the university.

“The university knows him as Dr Isa Ali Ibrahim based on the documents in his file submitted,” Nnabuihe said, adding that the promotion was “based on his qualification which he merited through long years of research works.”

It was unclear how Nnabuihe came up with his theory that NITDA is a research institution. The agency was created by the federal government as a regulator for data privacy in Nigeria.

President Muhammadu Buhari named Pantami to the role as a political appointee in 2016. The President elevated the controversial Islamic preacher to his current ministerial position after winning a second term in 2019.

As FUTO continues to scramble to save itself from the embarrassment, the Academic Staff Union of Universities says it has begun an investigation into the scam appointment, which has been contested by scholars, including Professor Farooq Kperogi.

It had been reported that the Governor of Zamfara state, Bello Matawalle, had placed commercials in newspapers congratulating Pantami on his promotion to a Professor of cybersecurity.

It was also discovered that it was FUTO that confirmed Pantami despite him having no prior affiliation to the school.

Nnabuihe argued that since Pantami served as “Associate Professor” at a Saudi Arabia university before becoming the Director-General of NITDA, he was worthy of FUTO’s appointment.

He added that as a university, FUTO “could decide to appoint someone as a professor.”

Pantami was named among seven Readers (Associate Professors) promoted to Professor by FUTO’s governing council in August.

Masari: All State Governors Advocating To Collect VAT Are Jokers

Masari: All State Governors Advocating To Collect VAT Are Jokers

The Governor of Katsina State, Aminu Bello Masari, has condemned his colleagues agitating for collection of Value Added Tax (VAT) by individual states, describing the move as a joke.

Consumers pay VAT when they purchase goods or obtain services. All goods and services (produced within or imported into the country) are taxable except those specifically exempted by the VAT Act.

The VAT rate was raised in Nigeria from five percent to 7.5 percent in 2020.

VAT collection by the Federal Inland Revenue Service (FIRS) on behalf of the Nigerian government has been a subject of controversy. The FIRS administers the tax and transfers the generated revenue to the three levels of government via the federation accounts allocation committee (FAAC).

Recently, a court in Port Harcourt restrained FIRS from the collection of VAT and empowered the Rivers state government to take charge.

After the ruling, Lagos and Rivers state governments passed laws to guide the collection of their VAT and warned FIRS to obey the ruling.

At a meeting last Thursday, other governors from the Southern region also adopted the position of the two states by endorsing VAT collection at the state level.

But Ebonyi State Governor, David Umahi, on Friday, denounced the position contained in the communiqué issued by southern governors as he kicked against decentralised VAT collection.

Speaking to Daily Trust, Masari said both Rivers and Lagos were reliant on population from other parts of the country to sustain their economy, expressing surprise that the governments of the two states would seek to exclude the rest of the country.

“First of all, this issue is before the Court of Appeal for determination, so I will not comment directly on it, but I will give you a scenario,” the Governor said.

“What is Lagos without the rest of Nigeria? The market Lagos is boasting of is dependent on the larger part of the country. Benin Republic has a port, Togo has a port; do they have the population to back up the ports? Without us providing the demand part, what will be Lagos?”

He said all states benefit from one another in revenue generation and no one should look down on another because of those configurations.

“VAT serves them and us. We provide the bulk of the market because without the rest of the states, what is Lagos or Port Harcourt?

“Any state that thinks it can survive in isolation is joking. We provide the demand that makes Lagos what it is.”

Masari, however, expressed support for devolution of power to allow states take the lead on issues of security and determine other fiscal issues according to their individual strengths.

The Governor said the devolution of power should factor areas of responsibility of states but should be mindful of exclusive roles of the federal government.

“If you devolve, in the real term of devolving, I want to be able to fix the salaries of governors, professionals, civil servants. As a Governor, I should not expect to earn as much as the Kano State Governor, not to talk of Lagos, because their bases of revenue are not like mine. But that does not take away my authority as Governor in Katsina, likewise a councillor in any of our local governments.

“Do you expect me to compare myself with a state that generates over N450billion internally when the best I have is between N12bn and N15bn?”