Connect with us

Featured

I’ve Evidence Of Buhari’s Acquisitions Through Cronies -Atiku

Published

on

The 2019 presidential candidate of the Peoples Democratic Party (PDP), Atiku Abubakar says he is in possession of evidence showing how cronies of President Muhammadu Buhari acquired shares in Keystone Bank and 9mobile.
Mr Abubakar had earlier alleged that family members of President Muhammadu Buhari who atimes could not afford transport fare were stakeholders in the two firm.
The former vice president popularly known as Atiku while making the allegation called on the Economic and Financial Crimes Commission (EFCC) to look into his claims but the anti-graft agency, as at press time, has not made its position on the matter known.
Although the two firms have denied cronies of the president bought it shares, Atiku has continued to insist that a probe on the matter should be carried out.
The Presidency has asked the former vice president to tender evidence before it could act on the issue but Atiku in a statement signed by Phrank Shaibu, his special assistant on public communications, yesterday said such demands showed those he accused were guilty of the offence.
“While we hold on to the piece of evidence that we have, it is no longer in doubt that underhand dealings took place in the acquisition of Keystone Bank and 9Mobile.
“The roles played by the Asset Management Company of Nigeria (AMCON) and the Nigeria Deposit Insurance Corporation (NDIC), both agencies of government have been widely reported and not controverted. The days of playing the ostrich by the Presidency are over. No more hiding for them”, he said.
The PDP flag-bearer after accusing the EFCC of failing to act has now called on the National Assembly to carry out a probe on his allegation.
“It is not surprising that the EFCC has suddenly become prostrate and bluntly refused to investigate the acquisition of Keystone Bank and 9Mobile which have been widely adjudged to be fraudulent, if not outrightly criminal.
“The EFCC, like many other agencies under the administration of the All Progressives Congress (APC) led Federal Government has once again displayed partisanship. The only hope at this stage is the National Assembly which we urge should take up the gauntlet.

Continue Reading

Featured

Trans-Kalabari Road: Banigo, Stakeholders Condemn Abduction Of Expatriate

Published

on

Kalabari traditional rulers and stakeholders have condemned the recent abduction of an expatriate staff of Lubric Construction Company working on the Trans-Kalabari Road.
Speaking at a meeting at the Government House in Port Harcourt, last Friday, Rivers State Deputy Governor, Dr. Ipalibo Harry Banigo said she was deeply pained by the unfortunate incident carried out by unknown miscreants.
According to the deputy governor, who said that the State Chief Executive Officer, Nyesom Wike, was desirous to bring more development projects to Kalabari Kingdom, regretted that this act was capable of discouraging him.
“I want to reiterate that our governor is very desirous to do more developmental projects in our communities, there are many more things he has in the card to do for us, and if we allow this ugly thing to surface, that attitude will discourage him”, the deputy governor noted.
Banigo, who said that perpetrators of the heinous crime did not drop from the sky, insisted that they were community people, and must be fished out and dealt with decisively, while calling for the immediate and unconditional release of the abductee.
Also speaking, the Chairman of the Greater Port Harcourt City Development Authority, Chief Ferdinand Alabraba, expressed regrets that a project as important as the Trans-Kalabari Road would be tampered with by persons who do not mean well for the Kalabari people.
“If their intention is to run down the good works of our dear governor, over a project which the Kalabari people have been yearning for over the years, then, I am sure God Almighty will not allow them to get away with this dastardly act of kidnapping one expatriate”, Alabraba stressed.
Alabraba further said, “It is important that we talk to ourselves and ensure that everything possible is done to ensure immediate release of the victim, and ensure that measures are put in place to forestall this type of thing in the future”.
Presenting a seven-point communique, Amanyanabo of Minama, King Iboroma Talbot Pokubo, who represented the Amanyanabo of Abonnema, King Disreal Gbobo Bobmanuel, demanded for the immediate and unconditional release of the expatriate, and reassured Governor Wike of their unwavering support for the governor.

Continue Reading

Featured

Buhari Approves Incorporation Of NNPC, Appoints Board Members

Published

on

President Muhammadu Buhari, has directed that the Nigerian National Petroleum Company Limited be incorporated.
He also approved the appointment of the Board and Management of the NNPC Limited with Senator Ifeanyi Ararume as chairman.
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr Mele Kyari, was appointed chief executive officer.
This was contained in a statement by his Special Adviser on Media and Publicity, Mr Femi Adesina, saying that the president acted in accordance with the Petroleum Industry Act 2021.
The statement read, “President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources, has directed the incorporation of the Nigerian National Petroleum Company Limited.
“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.
“The Group Managing Director of the NNPC, Mr Mele Kolo Kyari, has, therefore, been directed to take necessary steps to ensure that the incorporation of the NNPC Limited is consistent with the provisions of the PIA 2021.
“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.
“Chairman of the board is Senator Ifeanyi Ararume, while Mele Kolo Kyari and Umar I. Ajiya are chief executive officer, and chief financial officer, respectively.
“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).”

Continue Reading

Featured

Reject Buhari’s Fresh Loan Request, SERAP Tells NASS

Published

on

The Socio-Economic Rights and Accountability Project (SERAP) has urged the Senate President, Dr Ahmad Lawan; and Speaker of House of Representatives, Hon Femi Gbajabiamila; to reject the fresh request by President Muhammadu Buhari, to borrow $4billion and €710million.
SERAP said if such request must be granted, the Federal Government should publish details of spending of all loans obtained since May 29, 2015.
The group also expressed fear that if the fresh request is granted, it may take Nigeria’s to over N35trillion.
Buhari recently sought the approval of the National Assembly to borrow $4,054,476,863 and €710million, on the grounds of “emerging needs.”
The request was contained in a letter dated August 24, 2021.
In an open letter dated September 18, 2021, and signed by SERAP Deputy Director, Kolawole Oluwadare, the organisation expressed “concerns about the growing debt crisis, the lack of transparency and accountability in the spending of loans that have been obtained, and the perceived unwillingness or inability of the National Assembly to vigorously exercise its constitutional duties to check the apparently indiscriminate borrowing by the government.”
SERAP said, “The National Assembly should not allow the government to accumulate unsustainable levels of debt, and use the country’s scarce resources for staggering and crippling debt service payments rather than for improved access of poor and vulnerable Nigerians to basic public services and human rights.
“The country’s public debt has mushroomed with no end in sight. The growing national debt is clearly not sustainable. There has been no serious attempt by the government to cut the cost of governance. The leadership of the National Assembly ought to stand up for Nigerians by asserting the body’s constitutional powers to ensure limits on national debt and deficits.
“Should the National Assembly and its leadership fail to rein in government borrowing, and to ensure transparency and accountability in the spending of public loans, SERAP would consider appropriate legal action to compel the National Assembly to discharge its constitutional duties.
“SERAP notes that if approved, the country’s debts will exceed N35trillion. The government is also reportedly pushing the maturity of currently-secured loans to between 10 and 30 years. N11.679trillion is reportedly committed into debt servicing, while only N8.31trillion was expended on capital/development expenditure between 2015 and 2020.
“Ensuring transparency and accountability in the spending of loans by the government and cutting the cost of governance would address the onerous debt servicing, and improve the ability of the government to meet the country’s international obligations to use maximum available resources to ensure the enjoyment of basic economic and social rights, such as quality healthcare and education”, SERAP added.

Continue Reading

Trending