Connect with us

News

Dakuku Visits Opobo Council Of Chiefs …Says Its Time To Thank Amaechi

Published

on

The immediate past Rivers State Commissioner for Works, Warisenibo (Hon.) Dakuku Adol Peterside, has formally presented himself as his party’s Peoples Democratic Party (PDP) House of Representatives candidate for Andoni/Opobo/Nkoro Federal Constituency.

In an event that took place at the hallowed chambers of King Jaja’s Palace, Opobo Town, Peterside used the occasion to drum support for the re-election of the Rivers State Governor, Rt. Hon. Chibuike Rotimi Amaechi in the 2011 general elections.

In what appeared to be a father-and son meeting with the Amanyanabo, His Majesty, King Dandeson Douglas Jaja, Jeki V and Chiefs of the Kingdom, Peterside called on them, as repositories of wisdom and knowledge, not to let the indigenes of Opobo vote irresponsibly in the coming April polls.

“We are enjoying the benevolence and support of Governor Amaechi; It will not always be so; at the end of his tenure, another person will take over,” Peterside warned.

Continuing he said: “This is the time to return the goodwill and benevolence the governor has shown and is still showing to Opobo Kingdom since coming into office in 2007 by ensuring that all the votes of Opobo people are for the Governor.

Dakuku Peterside also used the occasion to give a progress report and answer questions concerning the ongoing Ogoni-Andoni-Opobo Unity Road.

“Your Majesty, you know that before we came on board the alignment of the Unity Road was different and by the grace of God, we changed the alignment on assumption of office,” Peterside stated.

Continuing he said: “I changed the span age of the bridges on Andoni and Opobo-Nkoro portions of the road at the point we met it.”

“I am aware that they have paid Trevi to start the piling work on the road leading to Kalaibiama and it is about 500 metres. Now Trevi will need to fill sand substantially to be able to move in their equipment for the piling.,” Peterside revealed.

Speaking further, he ascribed the delay in completing the road to paucity of funds.

“The Unity Road requires about 12 billion Naira to complete; the truth is that government cannot cough out that kind of money at one go because of other pressing responsibilities it has to carry out; money is a challenge because government is doing schools, free education, health, energy and so on,” Peterside said.

He expressed the belief that the Chibuike Rotimi Amaechi administration would do its best to complete the road to alleviate the suffering of the people of the area.

Dakuku Peterside expressed his sadness over the low voter registration in the kingdom during the last registration exercise by the Independent Electoral Commission (INEC).

In his response, His Majesty, King Dandeson Douglas Jaja, Jeki V, the Amanyanabo of Opobo Kingdom, wished Dakuku Peterside well in his quest to represent Andoni/Opobo/Nkoro Federal Constituency in the House of Representatives come April, 2011.

The Royal Father, on behalf of the Opobo Alapu Council, expressed his appreciation to Governor Chibuike Rotimi Amaechi for the exceeding commitment he has shown so far towards the completion of the Unity Road. King Dandeson Jaja also expressed the hope that if the Unity Road gets to Opobo it will assist indigenes come home to register en mass in the next registration by INEC.

“I believe that come the next voters registration, if this road (Unity Road) is through to Opobo, we will not struggle the way we did this time. And I can bet you, that at that time, there will be competition and we shall have a real boost in our electoral growth,” the Royal Father prophesied.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

News

Minister Blames Judiciary For Prisons’ Congestion

Published

on

The Minister of Interior, Ogbeni Rauf Aregbesola, has blamed the congestion in Nigeria’s correctional facilities on the country’s Judiciary, explaining that the Nigerian Correctional Service (NCOS) was not allowed by law to reject inmates sentenced to correctional centres or to release them.
Aregbesola, represented by Special Adviser on Nigerian Correctional Service, Suleiman Tala, stated this while delivering a paper at a policy advocacy conference entitled, “Decongestion of Correctional Centres: Status Quo”, organised as part of the 60th-anniversary celebration of the Order of The Knights of St Mulumba, Nigeria, Lagos Metropolitan Council, which was held in Lagos, adding that the primary responsibility of NCOS is to hold offenders pending the adjudication of their cases before a law court.
“It is important for the public to be aware that the NCOS and the Ministry of Interior are trying their best to tackle the issue from different angles as the length of time the inmates stay at the custodian centre is not determined by NCOS but by the justice system. I may not be able to reiterate exactly what the challenges are with the judiciary, however, as it affects the NCOS we are doing all we can not to compromise the traditional responsibility of the NCOS,” he stated.
Representing the Inspector General of Police, Baba Usman, Lagos State Commissioner of Police, Hakeem Odumosu, accepted that the police contribute to the congestion but gave his reasons.
“Inconsistence of the appearance of police officers to give evidence at trials has been identified as one of the alleged causes of prolonging trial but the IGP has mandated officers must attend court cases as at when due. The police are being hampered by a high level of distrust between the citizens and their police institution,” he stated.
Also at the conference, Lagos State Catholic Archbishop, Alfred Adewale Martins, who was represented by Rev. Paschal Uwaezeapu, stated that decongestion of the prisons would continue to be a matter as long as the government has refused to fix the country.
“The prison would continue to be congested if we don’t fix the society. As long as our society is a place where everybody takes for himself without considering the neighbour then our prison would continue to be congested. If we need to fix the prison we need to fix the family. These prisoners come from a family. We need to fix the education system also. We need to promote justice, without all these, the prison will soon overflow,” he stated.
Meanwhile, the Lagos Metropolitan Grand Knight, KSM William Adebisi, urged the government to declare a state of emergency on the congestion of prisons.
“The government needs to take the matter seriously as it affects the health of the inmates, economy of the company and behavioural change of the inmates,” he stated.

Continue Reading

News

FG Seeks $3bn With Eurobond Offer

Published

on

The Federal Government has announced plans for a Eurobond issuance in the International Capital Market (ICM) to raise $3billion.
The Debt Management Office (DMO) said, yesterday, that Virtual meetings with investors have been scheduled for today, and September 20, 2021.
It said, “In order to avail local investors the opportunity to invest in the Eurobonds, meetings will also be held with local investors.
“This is the first time local investors will be included in the Roadshows, and this is one of the reasons why a Nigerian Bookrunner (Chapel Hill Denham Advisory Services Ltd) was appointed as one of the Transaction Advisers.
“Through the Eurobond issuance, Nigeria is expected to raise up to $3billion but no more than $6.2billion.”
According to the DMO, the issuance for which all statutory approvals have been received, would be to implement the New External Borrowing in the 2021 Appropriation Act and that “Proceeds are for the financing of various projects in the Act.”
The agency gave further insight, saying, “In addition to providing funding to part-finance the deficit in the 2021 Appropriation Act, the issuance of Eurobonds by Nigeria benefits the country in many other strategic ways; amongst which are: 1. It is an inflow of foreign exchange, leading to an increase in External Reserves.
“External Reserves help support the Naira Exchange Rate, and Nigeria’s sovereign rating.
“When Nigeria raises funds externally, through Eurobonds, it frees up space in the domestic market for private sector and sub-national borrowers. In effect, it helps the sovereign not to crowd out other borrowers in the domestic market.
“The issuance of Eurobonds by Nigeria has opened up opportunities for Nigeria’s corporate sector notably banks, to issue Eurobonds to raise capital in the ICM.
“By so doing, their capital base has been strengthened to provide banking services whilst also meeting regulatory requirements. Nigeria has a sovereign yield curve in the ICM, extending up to 30 years.
“The local listing of Nigeria’s Eurobonds on the Nigerian Exchange Ltd. and the FMDQ Securities Exchange Ltd., have increased the range of products on these two (2) exchanges and their respective market capitalization.
“Overall, Eurobond issuances by Nigeria and the investor meetings that precede the pricing have provided a strong global platform for Nigeria to tell its own story and opportunities available in Nigeria for investors.”
The Transaction Advisers appointed by Nigeria for the issuance were: International Bookrunners – JP Morgan, Citigroup Global Markets Limited; Joint Lead Managers -Standard Chartered Bank and Goldman Sachs; Nigerian Bookrunner – Chapel Hill Denham Advisory Services Ltd; Financial Adviser – FSDH Merchant Bank Ltd; while White & Case LLP, was appointed International Legal Adviser; and Banwo&Ighodalo would serve as Nigerian Legal Adviser.
The last time Nigeria accessed the ICM was November 2018.

Continue Reading

News

Insecurity: Put Nigeria First, FG Tells Media

Published

on

The Federal Government has tasked the media to put Nigeria first in the reportage of the country’s activities, particularly the fight against insecurity.
The Minister of Information and Culture, Alhaji Lai Mohammed, made the call in Abuja during the ceremony of the renaming of the News Agency of Nigeria (NAN) Headquarters Building after the former Managing Director and Board Chairman of NAN, late Wada Maida.
Mohammed said it may seem obvious and trite, but for any professional, including a journalist in Nigeria to be able to carry out his or her responsibility at all, the nation must first exist, in peace.
“In other words, if the country goes down, all professionals and everybody go down. It is that stark, and this is why I want to use this platform to appeal to our media to put Nigeria first”, Mohammed said.
Speaking further, the minister said if one picked up most newspapers, watched most television stations or listened to most radio stations in the country, one will be right to think Nigeria is a country at war.
While acknowledging that there were challenges in the country, especially in the area of security, Mohammed, however, said the Buhari administration had not only acknowledged the challenges, it is earnestly tackling the challenges.
“A good example is the decisive manner in which our gallant troops are tackling the banditry in the North-West or the way they are combating the terrorists in the North-East. Our security agencies have also successfully tackled the separatists in the South-East and South-West and the militants in the South-South. Unfortunately, these efforts have only been perfunctorily reflected in the reportage of the security challenges that we face. This is not only unfair, especially to those who are sacrificing their lives to keep us safe, it is unpatriotic.
“To illustrate the damage this non-acknowledgement of the efforts of the security agencies pose to the country, let me tell you what transpired when I recently hosted some members of the Nigerians in Diaspora Organisation (NIDO) UK Chapter, who visited me in my office here in Abuja. They said some of their colleagues who would have come to Nigeria for their programme tagged,‘A Week in and For Nigeria’ during the month of July, did not come out of fear of the security situation in Nigeria. However, those who made the trip said they travelled to their hometowns across the country and returned to Abuja safely. If Nigerians in the diaspora can be afraid to come to their country, imagine how foreigners, including investors and tourists, will feel about coming to the country.
“Whatever image problem Nigeria is suffering from today is mostly due to the unflattering portrayal of the country by the country’s media.
“Even when some media organisations report fake news, they never have the decency to retract such stories and apologise. They simply move on as if nothing has happened.
“We are not saying the media should not report on the security challenges we face. All we are saying is: Be fair and report accurately the efforts being made by the state and federal governments to tackle the challenges. Even if you don’t want to encourage the men and women in uniform fighting to keep us safe, please don’t discourage them with negative reporting. The security challenges we face today will be successfully tackled and Nigeria will not cease to exist, despite the antics of naysayers”, Mohammed added.
Mohammed congratulated the family, friends and associates of the late Maida for the great and much-deserved honour done to him.
He commended the management and staff of the NAN for coming up with the idea to immortalise the late Maida.
“The Federal Government’s decision to approve the proposal was not difficult, upon realising the role played by Alhaji Wada in making NAN the respectable agency that it is today. A man who was everything from Zonal Editor to Foreign Correspondent to Editor-in-Chief to Managing Director to Board Chairman, a man who built this glistening NAN headquarters edifice deserves to be immortalised by the organisation he served so well in his lifetime”, Mohammed stated.
Mohammed prayed that God will continue to comfort and strengthen the family of Maida, even as he prayed that the soul of the departed continues to rest in peace.

Continue Reading

Trending