 Very good morning to you and thanks for joining us on the breakfast. My name is Niamh Gul Agh-Gaghi. This morning on the breakfast we'll be looking at a very hot topic. Tiddaboo says emerging ministries will lead to non-performance that is on justifying the reasons it has so many ministries and so many ministries in its government. Also, we're going to have a half the price where we look at headlines that may be the front pages of our national dailies. Don't forget that we also have top-trending issues which are issues that caught our fancy in the course of the last 24 hours. Once again, good morning and welcome to the programme. We'll go right away to the top-trending issues of this morning. We'll begin with Kole or Luomo Impris as Ogun Assembly Speaker. 18 of the 26 members of the Ogun State Assembly on Tuesday voted for Luomo's impeachment at plenary session. Luomo was impeached for alleged embezzlement of funds, high-handedness and related offenses. The Assembly immediately elected a member, or Ludeisi, a lemiday as a new speaker. Giving his maiden speech after the impeachment, the new speaker asked for calm among members. He said that the impeachment was not targeted against the governor of the state depot, Abiodun, as being speculated in some quarters, explaining that the development is within the constitutional rights of the members to elect those who leave them in the House. The House later adjourned the plenary for two weeks with the new speaker in possession of the maze, the symbol of authority of the House. The Economic and Financial Crimes Commission near FCC had on September 6, 2022, arraigned Luomo before a federal high court sitting in Lagos over alleged 2.475 billion-dollar money laundering. Luomo was arraigned on 11 counts of conspiracy, forgery, stealing and money laundering by the EFCC alongside Oladak Bosamio, Adeyemot Ayo, and Adeyonju Nimotah Amoke, who is currently at large. The EFCC's Prosecution Council, Rotimio Yedekbo, had told the court that the defendants committed alleged offences between 2019 and 2022. Yedekbo told the court that they stole the sum of 2.475 billion-dollar from the Treasury of the Ogun State House of Assembly. Luomo was, however, granted bail while the trial continues. We are law-abiding legislators, and that is why you have not seen violence all this while. We have our rules and orders in the House. And it gives us both the Standing Order and the Constitution gives us the right to select our speaker. The speaker is not in any way higher than members. He's just a first among equal. And whoever the member says is their speaker is their speaker. And that... It has no correlation. You can see what we have achieved today. Both members of the ruling party and opposition came together to rescue the state. So the entire members of opposition fully participated in this change of leadership. And we take full responsibility of the whole thing as it unfolded. Maybe someday we'll know the definition of impeachment according to the Nigerian legislation or legislators because impeachment is supposed to be an accusation of something. And I don't know if it is legal to remove someone based on an accusation. If it's found guilty and it's removed, then you can elect another person to head that place, the legislature. But maybe one day we'll have a lawyer that will explain to us why or how someone in Nigeria is impeached that is accused. That's the word impeached. And then someone is selected to replace him. The president of America at one point was impeached. Donald Trump, he was impeached. That means he was accused of a lot of wrongdoings. But he was still the president of America. So whoever is impeached is supposed to be taken to the appropriate quarters. Maybe the court or somewhere. And when he's found guilty, he's then removed and when he's removed, then someone replaces him. That's just a layman's talking. Maybe the law or the definition according to the Nigerian lexicon is different from the globally accepted definition of impeachment. Okay, so someday we'll have clarification to that effect. The next top trending is D.S.S. Arrest Mayor to be a last president for setting up vigilante group. Okay, this story says the operatives of the Department of State Services have arrested the president of Miatiala Kautal Hore Belo Bodejo over the creation of a vigilante group in Nassarawa state. Bodejo was arrested on Tuesday at the Miatiala's head office, Turun Malia Cuttle Market, Kilometre 22 Abuja Cafe Expressway, Turun Wada Karu Local Government Area of Nassarawa state. The D.S.S. operatives alongside some soldiers of the Nigerian Army were said to have stomped the Miatiala's head office close to Goshen Church at about 3.40pm on Tuesday and drove off after arresting Bodejo at the gate. The D.S.S. source who confirmed their arrest to our correspondent revealed that Bodejo was arrested over fears that the creation of the nomads vigilante group could cause violence across the country. He added that the group was not registered with the D.S.S., the police or any other security agency, and that it is not recognized by the federal government. Meanwhile, following the creation of the vigilante group, Bodejo had emphasized that a volunteer vigilante would strictly adhere to the country's existing laws during their operations. During the inauguration in Lafayette, Nassarawa state, Bodejo urged the volunteer vigilante to work in collaboration with police, AMI and other security agencies to ensure a more comprehensive approach to security across the 13 local councils in Nassarawa state. I do not subscribe to that as a person, but when it seems as if the government is not doing enough to protect the lives and property of people, people resort to self-help. So what is the difference between allowing people to register vigilantes and just making it legal to have a state police that will be answerable 100% to the centre? I do not know why that is such an issue that cannot be addressed at this moment, everyone is trying to make sure that they protect themselves. So you go to the east, they will form a vigilante group, they go to the west, they form a vigilante group, you go up, not the form a vigilante group, and no matter what they say at the onset that we're going to abide by the laws of the state, the laws of the country, it never gets to the point where they abide by this. Laws 100%. We've seen what is happening in the north where some recognised groups are also operating with a parallel constitution, I might say, because the things that are captured in the constitution of Nigeria are not at head too strictly by these groups. Some of them are using the constitution of religious buyers to do what they are doing. Some are using some other beliefs that they have to do what they are doing. Remember what we used to have in the days of Ojuzo Kalu in Abya State where they had Bakasi boys and what they were doing. So if it has reached this point where people are trying to get vigilantes to take care of what is happening to security situations in their locality, these vigilantes also are answerable to the governor or sometimes they are not answerable to the governor and they do what they please. I think it's high time to have state police. But those who make decisions may have information that I do not have that made them or is making them think that the state police is dangerous but vigilantes just need to register with the government and get recognised. And then afterwards they do what they like. That's the fear of Nigerians that either do something legal or you do not allow it to happen at all. The third top trending is that our Tendola has returned to Forbes list. Dangote is still Africa's richest man. So after six years hiatus an Nigerian business market familiar Tendola has returned to the Forbes Africa list of the richest people landing at number 20 with a fortune of 1 billion dollars. Tendola's comeback marks a significant milestone. He last graced the Forbes Africa list in 2017 with his controlings taking fuel distributor Ford Oil. However a strategic shift saw him divest from oil and embrace the energy sector. In 2013 he used a Ford subsidiary to acquire Guerrego, a public power generation plant and capitalised on his privatisation. According to Forbes, Oterola's 73% stake in Guerrego is valued at over 850 million dollars forming the backbone of his fortune. It is revealed that Oterola owned about 90% of Guerrego when it was listed on the Nigerian exchange main board in 2022. But his stand or he has since sold shares to institutional investors which include Afri Eximbank, Afri Eximbank fund for export development in Africa and the state grid cooperation of China. Folks added that despite Oterola's rise the overall wealth of African billionaires dipped slightly compared to last year. This reflects the global economic slowdown but it's important to note that African billionaires still fared better than their global counterpart who saw a 4% decline. The magazine stated that the continent remains one of the world's toughest places to build and hold onto a billion dollar fortune as global investors remain leery of its stock exchange. Businesses struggle against trained economies for infrastructure and volatile exchange rates while changing political wins can make boost or bust private fortunes. Meanwhile, Aliko Dangote remains Africa's richest man with his fortune rising to 13.9 billion from 400 million dollars claiming the top spot for the 13th year in a row. Despite political uncertainty following the February presidential election and the Naira devaluation in 2023 that offset Dangote's winning share price. The top three spots are rounded out by South African luxury goods magnate Johan Ropet held onto the number 2 spot with 10.1 billion dollars down from 10.7 billion in 2023 as shares of his companion richman, maker of Katia watches and Mont Blanc pens sleep while South Africa Nikki Oppenheimer who formerly ran diamond mining from De Beers before selling it to mining firm Anglo-American a decade ago ranks at number 3 with 9.4 billion dollars up 1 billion from 2023. Interestingly, 13 of the 20 billionaires on the list saw their fortunes increase while 7 saw their net worth decline. The biggest decline on this year's list belongs to Algerian industrial magnate Isad Rabrab who was bad by court in May from exercising any commercial or management duties at his conglomerate Sevital Rabrab who denied any wrongdoing had previously served 8 months in jail on corruption charges until his release in January 2020. Rabrab who shares the wealth with his wife and five children including his son Malik who took over as CEO in 2022 saw his net worth fall from almost half to 2.5 billion. The biggest gain belongs to Egypt's Nassaf Sawiris who added 1.4 billion to 8.7 billion thanks to a rise in Adidas shares he owns about 6% of that anyway as well as dividends from the German sneaker company and family conglomerate OCI This year South Africa claimed 6 points on the ranking followed by Egypt with 5 and Nigeria with 4 Algeria, Tanzania and Zimbabwe who have won billionaire on the list while Morocco has 2 Now this is interesting news amid the economic meltdown in Africa we still have people on the Forbes list and interestingly none of the people mentioned here is a politician so it means that the richest men in the world, the richest men in Africa, the richest men in Nigeria are politicians so where is the money that we've been crying about that the politicians are taking and going is it that they invest outside and then cover their wealth so well that people don't get to know Abacha was never ever called the richest man in Nigeria still we are repatriating a lot of wealth from elsewhere is that what is happening but whoever has money whoever has that kind of wealth if they invest in Nigeria will not have anything to worry we shouldn't be talking about just one billionaire two billionaires and our billionaires being ranked first or the 20th as the case may be in the story that we've just read right now but we should have more people who are very comfortable not a lot of people want to be billionaires in dollars, they just want to be comfortable make sure their children go to school have what they will eat every day of their life and then have a place to sleep close themselves just the basic needs that's what most Nigerians Nigerian people want we hope that one day we will get to that not all of us can get into Forbes magazine or Forbes list but all of us should be able to be comfortable and say ok we've found a good life Eureka we're there at this moment well that's 8-4 top trending we'll just take a short break with the papers and asking ourselves what are the headlines and how do they impact us stay with us