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Nigeria Sliding Into Bankruptcy, Secondus Alerts
The National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus, has said Nigeria under the watch of President Muhammadu Buhari was going bankrupt, saying in almost six years in the saddle, the President has demonstrated gross inability to steer the wheel of the state.
Secondus, who stated this at the 90th National Executive Committee (NEC) meeting, yesterday, in Abuja, also berated government’s handling of security in the land, adding that the helplessness of the President has become too glaring for the world to see.
The PDP boss also came hard on the All Progressives Congress (APC)-led government for incessant borrowings even as he warned the Federal Government against mortgaging the future of the country.
“This country is sliding into bankruptcy but the government is instead embarking in endless borrowing with no accountability on the already borrowed ones.
“Federal Government themselves just reported last week that 428 agencies would not be able to pay salaries this November because of underfunding.
“At the last count, Nigeria debt profile is showing over N31trillion, a lot of it misappropriated.
“While borrowing in economics is not bad, it depends on what the borrowed resources is being channelled for. With the unprecedented corruption in the system under APC watch, it would be difficult to see this borrowed funds properly deployed,” he said.
According to Secondus, “President Muhammadu Buhari- led APC government, under whose watch the situation got worsened and complicated has remained clearly helpless and incapable of providing the needed leadership.
“The consequences of all these came to the fore when the youths, last month poured out their anger on the country through a nationwide protest.
“Even though the protest was triggered off by accumulated police brutality, particularly by the defunct Special Anti-Robbery Squad (SARS), it developed into a wider rebellion against injustice and poor leadership in the country.”
He urged the Federal Government to address the fundamental issues raised by the youths, rather than “the counterproductive strategy of seeking to hound and intimidate perceived leaders of the peaceful protest by seizing their travel documents, freezing their accounts and arrests.
“We have refused to join issues with him in any way but we cannot bow to any blackmail. What I can report to NEC is that the strength of our party in Ebonyi State and South-East is intact and the NWC has taken necessary steps to protect and guard it. The real season that informed this decision will soon be exposed,” he added.
“May I declare to you that the party is also being futuristic, drawing experience from the past. We know as a fact that transparent election under the watch of APC is not feasible with the current Electoral Act.
“We are liaising with our very reliable members in the National Assembly to ensure that a fraud-free law is put in place ahead of 2023. Within our family also, we are putting all hands on deck to ensure we enter the next election stronger as one united and harmonious family, and to achieve this, I solicit the full and undiluted cooperation of NEC.
Similarly, the governors elected on the platform of the Peoples Democratic Party, yesterday, reiterated their loyalty and commitment to strengthening the party.
The Chairman of the PDP Governors Forum, Hon Aminu Tambuwal, spoke on behalf of his colleagues at the ongoing 90th NEC meeting of the party holding at the party’s National Secretariat, Wadata House, Abuja.
He said, “All 15 of us are here present. We are individually committed to good governance in our various states in order to make our party strong.
“This is a clear statement that we are united and working towards strengthening our party for the future.”
Also, the Chairman of the PDP Board of Trustees, Senator Walid Jibrin, told the gathering that the PDP remains strong in Ebonyi State despite the exit of Governor David Umahi.
He faulted reasons adduced by Umahi for leaving for the All Progressives Congress but said it was a thing of joy that the PDP structure in the state remains intact.
Jibrin expressed delight that the party’s National Working Committee took proactive steps to ensure that Umahi did not take undue advantage of the PDP structure in the state.
Also, speaking on behalf of the PDP caucus in the National Assembly, the Senate Minority Leader, Senator Eyinnaya Abaribe, assured the party leadership that the caucus was prepared to fight against anti-media legislation “with every drop of our blood.”
The Renewed Hope Initiative in conjunction with the Rivers State Government has empowered 500 elderly citizens in Rivers State with financial support of N200,000 each.
The empowerment programme was part of activities to celebrate the third anniversary of the Renewed Hope Initiative Elderly Support Scheme RHIESS, a social investment policy initiated by the First Lady of the Federal Republic of Nigeria, Senator Oluremi Tinubu.
Speaking at the event which held at the Government House, Port Harcourt, recently, under the theme, ‘Finding Joy in Old Age,’ Senator Tinubu said the gesture which has become traditional since 2023 was a mark of gratitude in recognition of the invaluable contributions of the senior citizens to nation building.
The First Lady who was represented by the wife of the Rivers State Governor and State Coordinator of the Renewed Hope Initiative, Lady Valerie Fubara, said the scheme was to “support two hundred and fifty (250) vulnerable elderly citizens aged 65 and above in all the 36 states of the federation, the Federal Capital Territory, and veterans from the Defence and Police Officers’ Wives Association (DEPOWA) totalling 9,500 selected beneficiaries across the nation.
She urged the beneficiaries to engage in activities that will make them find joy in old age.
“I encourage you to continue playing your part by staying healthy and active, nurture both your body and mind through regular exercise and meaningful engagement,” Senator Tinubu advised.
On her part, Lady Fubara said the State Government through the magnanimity of the governor, Sir Siminalayi Fubara, has increased the beneficiaries of the programme from 250 to 500.
She restated the commitment of the State Government towards provision of social welfare and improving the standard of living of the elderly in the State.
Also speaking, the Executive Secretary, Rivers State Contributory Health Protection Programme (RIVCHPP), Dr Vetty Agala, said the State Government has through the Health4allrivers Initiative, introduced free medical care for senior citizens in the State, in line with the Renewed Hope Initiative.
The Nigeria Union of Journalists (NUJ), Rivers State Council, has urged the Economic and Financial Crimes Commission (EFCC) to expedite the prosecution of the Director of the now distressed MBA Forex Trading, Mr. Maxwell Odum, in the interest of justice.
The Rivers State NUJ made the appeal during a courtesy visit to the EFFC’s Ag. Zonal Director, ACE Hassan Saidu, in Port Harcourt, recently.
The council’s chairman, Comrade Paul Bazia, said the appeal became imperative after it considered the number of Nigerians and others involved in the financial misconduct.
According to him, it has caused hardship among many households in the country and should be given the attention it deserves.
He said that investors cannot come into a country or invest in an economy or nation ridden with fraud.
This, he said, has made it more imperative to arrest, prosecute and convict alleged fraudsters like the MBA Forex Director, who is alleged to have defrauded thousands of unsuspecting Nigerians, to serve as a deterrent to others.
The chairman also requested that while the trial lasts, part of the swindled funds should be given to the victims that suffered loss and trauma as a result of the fraud.
The NUJ reiterated its resolve to change the narrative of reportage from crisis to developmental communication.
According to him, the NUJ’s main focus is blue economy and tourism.
He expressed the readiness of the Council to partner the agency in the area of information dissemination.
“We believe you have a responsibility to fight financial crimes. We also know that you need the Press to publicize your activities and NUJ can provide that,” he said.
Responding, the Zonal EFFC’s boss commended the NUJ’s vision to change the narrative of reporting from crisis to developmental communication.
According to Saidu, the Western world have since imbibed such culture, hence the negative stories about them are carefully sifted to allow only positive ones to be released to the outside world.
As for the trapped funds to be released, the EFCC Zonal Director stated that only the court can authorize such action, stressing that the primary responsibility of the Commission is to arrest and prosecute.
He pledged to partner with the NUJ now that the leadership has visited the Commission.
The Head of the Legal & Prosecution Department, DCE Odiase Stephen, corroborated the Zonal Director’s position and stressed that it was only when the matter has been determined by the court that such funds can be released.
He further stated that once a matter is before a court of competent jurisdiction, it cannot be discussed outside.
By: King Onunwor
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