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Buhari’s Govt Borrowed N12trn In Three Years -PDP …Insists Presidency Cabal, APC Desperate To Retain Power

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The Peoples Democratic Party (PDP) has claimed that the President Muhammadu Buhari-led Presidency borrowed a total of N12.27 trillion within three years and without any significant development project on which the money was invested.
The main opposition party also said that the Buhari Presidency lacks the competence and integrity to run a creative, transparent and credible administration that could guarantee economic growth, wealth creation and a dependable system.
The National Publicity Secretary of the party, Mr. Kola Ologbondiyan, disclosed this in a statement issued yesterday, stressing that the All Progressives Congress (APC) is desperate to remain in power at all costs, so as to continue to exploit Nigerians, protect APC corrupt leaders, cover their incompetence and conceal the humongous sleazes in their administration.
He noted that the APC administration wants to remain in power to prevent investigation into the N14 trillion allegedly stolen under its watch; including the N9 trillion allegedly stolen from the Ministry of Petroleum Resources, as detailed in the leaked NNPC memo; the over N1.4 trillion alleged oil subsidy sleaze and the N1.1 trillion worth of crude allegedly diverted using 18 unregistered companies linked to APC interests.
The PDP said this was in addition to the N33billion National Emergency Management Agency (NEMA) fund, and the over N18 billion allegedly stolen out of the N48 billion approved by the National Assembly in the 2017 budget for the rehabilitation of IDPs in the Northeast, among others.
Ologbondiyan stated: “Furthermore, the Buhari-led APC administration is desperate to avoid an investigation into its unwholesome borrowings that led to the escalation of our nation’s debt stock from N12.12 trillion in 2015 to an overburdening N24.39 trillion in 2018.
“Within a space of three years, this administration has borrowed a total of N12.27 trillion, yet it cannot point to any significant development project into which the money was invested. This includes the N2.66 trillion borrowed in 2018, ahead of the 2019 general elections.
“These and many more are funds meant for infrastructural development and welfare of Nigerians but have been cornered by APC leaders.”
Ologbondiyan noted that the negative effect was the further dipping of the country’s economy, as investor’s confidence, which shored up at the expressed resolve by Nigerians to elect Atiku Abubakar as their next President, slumped with the rigging of the Presidential election.
He added, “This is the reason the APC and the cabal at the incompetent Buhari Presidency resorted to violence, intimidation as well as manipulations and alteration of results at the Independent National Electoral Commission (INEC) to rig the February 23, Presidential election.”
The PDP spokesman said that this also explains why APC agents and certain Presidential aides had been making desperate efforts to distract the Presidential Election Petitions Tribunal and derail the course of justice by making and promoting baseless judicial interpretations and externalizing the proceedings of the court.
The PDP however urged Nigerians not to despair but continue to be steadfast in the aspiration for the recovery of the ‘stolen’ Presidential mandate at the tribunal.
The party said this was the only way to return the nation to the path of peace, national unity and a vibrant economy.
Meanwhile,the Peoples Democratic Party (PDP) has alleged that the President Muhammadu Buhari-led Presidency and the All Progressives Congress (APC) are desperate to remain in power at all costs, so as to continue to exploit Nigerians, protect APC corrupt leaders, cover their incompetence and conceal the humongous sleazes in their administration.
In a statement issued by Kola Ologbondiyan, its National Publicity Secretary in Abuja yesterday, the party affirmed: “This is the reason the APC and the cabal at the incompetent Buhari Presidency resorted to violence, intimidation as well as manipulations and alteration of results at the Independent National Electoral Commission (INEC) to rig the February 23, Presidential election.
“This also explains why APC agents and certain Presidential aides have been making desperate efforts to distract the Presidential Election Petitions Tribunal and derail the course of justice by making and promoting baseless judicial interpretations and externalizing the proceedings of the court.
“President Buhari-led APC administration wants to remain in power to prevent investigation into the N14 trillion allegedly stolen under its watch; including the N9 trillion stolen from the Ministry of Petroleum Resources, as detailed in the leaked NNPC memo; the over N1.4 trillion alleged oil subsidy sleaze and the N1.1 trillion worth of crude diverted using 18 unregistered companies linked to APC interests.
“This is in addition to the N33billion National Emergency Management Agency (NEMA) fund, and the over N18 billion stolen out of the N48 billion approved by the National Assembly in the 2017 budget for the rehabilitation of IDPs in the Northeast, among others.
“Furthermore, the Buhari-led APC administration is desperate to avoid an investigation into its unwholesome borrowings that led to the escalation of our nation’s debt stock from N12.12 trillion in 2015 to an overburdening N24.39 trillion in 2018.
“Within a space of three years, this administration has borrowed a total of N12.27 trillion, yet it cannot point to any significant development project into which the money was invested. This includes the N2.66 trillion borrowed in 2018, ahead of the 2019 general elections.
“These and many more are funds meant for infrastructural development and welfare of Nigerians but have been cornered by APC leaders.”
The statement said the Buhari Presidency lacks the competence and integrity to run a creative, transparent and credible administration that can guarantee economic growth, wealth creation and a dependable system has become a globally accepted fact.
It further stated: “The negative effect is the further dipping of our economy, an investor’s confidence, which showed up at the expressed resolve by Nigerians to elect Atiku Abubakar as their next President, slumped with the rigging of the Presidential election.”
The PDP, however, urged Nigerians not to despair but continue to be steadfast in the aspiration for the recovery of the stolen Presidential mandate at the tribunal, as this is the only way to return our nation to the path of peace, national unity and a vibrant economy.

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Residents Nab Man Dumping Fresh Corpse In PH

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A middle-aged man has been caught dumping the fresh corpse of a male with suspected machete cuts on it.
The suspect identified as Israel Israel, who claimed to be a native of Andoni Local Government Area of Rivers State, was apprehended, last Friday, while carting away a truck used in dumping a fresh male body on the Cherubim Road Bridge, Mile 3, Diobu axis in Port Harcourt City Local Government Area of the state.
A local security personnel in the area, Richman Jogwe, said the suspect was apprehended with the truck used in dumping the dead body.
Jogwe said: “This truck was used in dumping a dead body with machete cuts in the face, head, leg and hands. So, in early hours of today, this man came to take the truck, and we got him arrested.”
He further disclosed that the suspect had been handed over to the Nkpolu Divisional Police Headquarters, Mile 3, Diobu, for interrogation.
In his reaction, the state Police Public Relations Officer (PPRO), SP Nnamdi Omoni, said he was aware of the incident, but insisted he had no detailed information.
Omoni was quoted as saying: “I am aware that the man who brought the truck has been arrested. When I get the full details, I will let you know.”

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Wike, Real Madrid Sign Cooperation Ratification Pact

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Real Madrid and the Rivers State Government have signed a cooperation ratification agreement for promotion of sports amongst children and youths at the Real Madrid Academy, Port Harcourt.
The signing of the ratification of the framework for cooperation agreement between the international football club and the Rivers State Government took place over the weekend at the Auditorium of Real Madrid Sport City, Fuerzas Armadas Avenue, 402, Madrid, Spain.
Rivers State Governor, Chief Nyesom Wike, on behalf of the Rivers State Government; the Executive Vice President of the Real Madrid Foundation, Mr. Enrique Sanchez; and President of Interact Sports, Mr. Jihad Saade; jointly signed the agreement.
Speaking at the event, Wike commended the Real Madrid Foundation and the Interact Sports for the opportunity given to the Rivers State Government to partner with the Real Madrid Football Club in order to encourage Rivers’ youths to develop their talents and skill through sport.
He said the state government was pleased to ratify the agreement with the Real Madrid Foundation, and assured that everything has been done to fully kick-start the Real Madrid Academy in Port Harcourt.
Wike, who was accompanied by the Abia State Governor, Dr. Okezie Ikpeazu, and the Rivers State Attorney General and Commissioner for Justice, Prof. Zacchaeus Adangor (SAN), explained that the initial intention was to admit only boys as students into the Real Madrid Academy, but following the huge application received from prospective female students, the state government had to reconsider the policy.
“We had to stop to include the girls. We are very ready to kick-start the school, and we believe that this is a very good opportunity for our people. We are honoured to be identified with the Real Madrid; it is a good brand for us.”
Wike reaffirmed his belief that sport was an important factor in social integration and in the promotion of ethical values such as solidarity, participation, team spirit, respect for one’s opponent and non-discrimination.
The Real Madrid Foundation maintained its resolve to continue to promote sports amongst children and youths in the understanding that sports contributes to the comprehensive development of a young person’s personality, offering positive alternatives to situations of risk and fostering healthy habits and ways of life amongst children and youths.
On his part, the President of Interact Sports, Jihad Saade, said that Interact Sports has been an active contributor to the dynamic transformation of Nigeria, moving forward with modernity without forgetting Nigeria’s rich culture and heritage.
All the parties mutually acknowledged that they have the necessary legal capacity and authorisation to execute and subscribe to the protocol.
The Real Madrid Foundation is the instrument by which Real Madrid uses to promote, both in Spain as well as abroad, the values inherent in sports, and the latter’s role as an educational tool capable of contributing to the comprehensive development of the personality of those who practice it.

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…Omehia Hails Wike On Feat

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Former governor of Rivers State, Sir Celestine Omehia, has said that The Sun Man of the Year 2020 Award conferred on Rivers State Governor, Chief Nyesom Wike, was very fitting and timely.
Omehia also expressed gratitude to The Sun Publishing Limited, publishers of Daily Sun, Saturday Sun, Sunday Sun and Sporting Sun for recognising the achievements of Wike for the third consecutive time.
In a statement, yesterday, Omehia said that Wike was deserving of the award considering the giant developmental strides he has recorded in Rivers State.
He described Wike as an astute administrator and a distinguished politician who listens to the needs of the people of Rivers State and implements them accordingly.
Omehia said that Wike has during his over six years’ stint as governor of Rivers, performed excellently in the different facets of the lives of the Rivers people.
He maintained that as someone who has had the opportunity of occupying the coveted office, he can bear testimony to the fact that the Nyesom Wike-led administration has done excellently well.
According to Omehia, “his records in infrastructural development, security, urban and rural development, human resources development, including his political prowess, are unrivalled.
“Governor Wike has deployed the resources of the state to the benefit of the people, justifying the mandate massively and duly given to him by the people of Rivers State.”
Omehia also called on the opposition political parties in the state to emulate the leadership qualities of Wike, and join hands with the performing governor to move the state forward.
While noting that in unity, the state stands to gain in all ramifications, Omehia stated that division would do no one any good, irrespective of his status or political affiliation.
He further said he was not regretting his performance during his short stay in Government House, Port Harcourt as governor of the state, saying that he left significant landmarks for residents of the state.

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