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Uba Vows To Sue Obiano Over N25bn Bond

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Senator representing Anambra South Senatorial District in the National Assembly, Ifeanyi Ubah, has  threatened legal action against  Governor Willie if he fails  to give account of a N25billion  promissory notes allegedly collected by his administration from Debt Management Office , DMO in 2018 and 2019,  as reimbursement for projects executed on behalf of the federal government in the state.
The Senator who spoke to journalists in Abuja over the weekend gave the state government 72 hours to give an explicit account.
Senator Uba had expressed dismay that   the state  Commissioner for Information and Public Enlightenment, Mr. C-Don Adinuba, had denied that it ”has not raised any money from the Debt Management Office or the Federal Ministry of Finance under a bond, or any financial instrument from any institution or organisation.”
A statement issued last week in Awka by the  state commissioner also   read in part:  “Our record of prudent financial management and integrity is well acknowledged far and near. It is tough to speculate how the senator came about the phantom N25billion bond which Anambra State purportedly raised surreptitiously from the DMO/Federal Ministry of Finance,”
Ubah  who displayed   documents duly signed by the Director General of DMO, Patience Oniha and the Minister of Finance, Zainab Ahmed, said that the N25, 244, 306, 091.90 is expected to be paid in two instalments, lamenting that N16.1billion only was actually paid the state government having wasted N8, 850, 000, 000 as total discounts for the transactions.
“The governor paid banks over N8billion in order to cash out the promissory notes before their maturity dates, thereby ensuring that Anambra lost the amount from the transactions,” he said.
According to the documents obtained from the DMO by the lawmaker following his request for a copy, amount and tenure of the promissory notes, the sum of  N10, 097, 722, 436.90 was issued to the state government on December 28, 2018 but would mature on December 28 this year as the first instalment while N15, 146, 583, 655.00 as the second instalment billed for maturity on April 1, 2022 was issued on April 1, 2019.
The response from DMO with reference number DMO/PMD/598/S.4/III/881 and dated November 16, 2020 to the Senator read:
“The Distinguished Senator may wish to be informed that these were the only promissory notes issued to Anambra State Government which fully settled the outstanding claims of the state as approved by the Federal Executive Council and the National Assembly”.
 Senator Ubah further alleged that “in order for Governor Obiano to cash out on the N25billion that hasn’t matured, he had to terminate the deal by given up 15% of the total sum per annum.”
The Senator further  explained that “the governor paid about N3billion in bank charges for N10billion on the first promissory note which has a tenor of two years and paid another N4.5billion on the N15billion for the second promissory note which has a tenor of three years.”
The lawmaker, however, vowed to petition the state House of Assembly after which he would sue the governor if he fail to open up on the bond and give Ndi Anambra South their own portion of the money as refund for damaged roads rehabilitated by them in the district.
He argued that “the road projects for which the N25billion was collected were executed by the administrations of Governors Chris Ngige and Peter Obi on behalf of the federal government as part of their infrastructural development of Anambra State.”
Senator Ubah also informed that Obiano used the Federal Commissioner for Works in the state to stop him from rehabilitating some damaged roads in his constituency while the governor has also refused to pay attention to the roads till date.
By:  Nneka Amaechi-Nnadi, Abuja
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Reps Constitution Review Committee Holds Zonal Hearing For Rivers, C’River, Akwa Ibom In Calabar

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In a renewed effort to deepen Nigeria’s constitutional democracy, the House of Representatives Committee on the Review of the 1999 Constitution has announced the commencement of its Zonal and National Public Hearings across the country.

A press statement issued by the Chief Press Secretary to the Cross River State Governor, Mr Linus Obogo, disclosed that the Calabar Centre — designated as Centre B — will host representatives and stakeholders from Cross River, Rivers, and Akwa Ibom States.

The public hearing is scheduled to take place on Saturday, July 19, 2025, at 10:00 a.m. at the Transcorp (Metropolitan) Hotel, Calabar.

The initiative, according to the statement, is designed to promote inclusive dialogue and capture the aspirations of Nigerians from all regions.

It aims to serve as a platform for citizens to contribute meaningfully to the ongoing national efforts to refine and strengthen the country’s legal and institutional frameworks.

“Citizens, civil society groups, professional bodies, traditional rulers, and other interest blocs are invited to participate in this landmark engagement aimed at advancing a more just, equitable, and responsive Nigerian Constitution,” the statement read.

The hearing forms part of the broader review process of the 1999 Constitution (as amended), and is seen as a strategic move toward fostering national unity and addressing structural legal issues within the federation.

 

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Tinubu’s Contribution To Buhari’s Presidency Marginal – Ex-SGF

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Former Secretary to the Government of the Federation (SGF), Mr Boss Mustapha, has stirred fresh political controversy by dismissing claims that President Bola Tinubu was highly instrumental to former President Muhammadu Buhari’s emergence in 2015 after the merger of political parties that formed the All Progressives Congress (APC).

For the first time since 2022, when then-presidential aspirant Alhaji Bola Tinubu declared he made former President Buhari Nigeria’s President in 2015, Mr Mustapha dismissed the claims, stressing that the merger only contributed about three million votes in addition to Buhari’s existing 12 million votes in the North.

He insisted that former President Buhari’s integrity, national stature, and disciplined messaging were central to the breakthrough, not the three million votes from the merging parties, which he described as insignificant.

Speaking on the role of the merging parties, particularly President Tinubu, the leader of the Action Congress of Nigeria (ACN), Mr Mustapha, who was the keynote speaker at the launch of the book ‘According to the President: Lessons from a Presidential Spokesman’s Experience’ authored by Mallam Garba Shehu, described the impact of the votes from other merging parties as very insignificant.

In attendance were former Head of State Yakubu Gowon, chair of the event; immediate past Vice President Yemi Osinbajo; SGF George Akume, who represented President Tinubu; PDP’s 2023 presidential candidate Atiku Abubakar; former Chief of Staff to Buhari Ibrahim Gambari; elder statesman Babagana Kingibe; former governors Nasir El-Rufai (Kaduna), Kayode Fayemi (Ekiti), Chris Ngige (Anambra), Rauf Aregbesola (Osun), Raji Babatunde Fashola (Lagos); former ministers Solomon Dalung and Sunday Dare; former Army Chief Tukur Buratai, and Bayo Onanuga, President Tinubu’s spokesman, among others.

According to Mr Mustapha, “I do not intend to stir up any controversy. The merger in 2013 was midwifed to create a Buhari presidency. Let us look at the statistics. In the 2003 election, it was the Obasanjo-Buhari presidential contest where Buhari recorded 12.7 million votes. In 2007, it came to 6.6 million, and it went back to 12.2 million in 2011.

“When we were conceptualising the merger, what would give us a headstart? Obviously, it was at the back of our consciousness that the merger with the Congress for Progressive Change (CPC), though it had only one state, the ACN had six states, ANPP three states, and when you sum up the total votes that we had as the presidency in 2015, the aggregate of the total votes was 15.4 million.

“So, basically, what we brought to the table after the merger outside the Buhari 12.5 million votes was three million. Before turning to that presidency, it is important to recognise the former President’s role in reshaping Nigeria’s political trajectory.

“In early 2013, as the leader of the CPC, Buhari formally requested and supported the creation of a CPC merger committee, part of a broader coalition-building process that brought together the ACN, ANPP, APGA faction, and elements of the ruling party through the breakaway ‘new PDP’ group. His endorsement and participation, along with other party leaders such as President Tinubu and Senator Ali Modu Sheriff, lent credibility and direction to the merger, helping to unify disparate party factions under the banner of the APC. That coalition-building paved the way for the first democratic defeat of an incumbent ruling party in Nigeria’s history.

“President Buhari’s integrity, national stature, and disciplined messaging were central to that breakthrough. No account of President Buhari’s tenure would be complete without acknowledging the extended periods he spent on medical leave. These moments, while politically delicate, were also telling of his leadership philosophy and personality,” he said.

In his remarks, President Tinubu promised to build on the legacies of former President Buhari, stressing that “nation-building is a relay. The efforts of one administration lay the foundation for the next.

“In this regard, I acknowledge the efforts of my predecessor, President Buhari, and assure all Nigerians that the reform-oriented path he initiated will be consolidated and strengthened under this administration. Our Renewed Hope Agenda is inspired by the desire to build a resilient, just, and inclusive Nigeria—a nation that delivers dividends of democracy to all its citizens”.

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Your Lies Chasing Investors From Nigeria, Omokri Slams Obi

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Former Presidential aide, Mr Reno Omokri, has accused Labour Party’s 2023 presidential candidate, Mr Peter Obi, of spreading false information about Nigeria’s debt profile, claiming it is deterring foreign investors from the country.

Speaking during an appearance on live television on Wednesday, Mr Omokri alleged that Mr Obi’s statements were misleading and damaging to the country’s economic prospects.

Mr Omokri said some investors currently operating in Nigeria were considering exiting the market due to Mr Obi’s remarks.

“That is not true. He doesn’t rile me up. I rile him up. The reason why I came here is because I’m a patriot. Peter Obi lied. You know, foreign direct investors are watching your programme, who are making investment decisions not to come to Nigeria. There are foreign investors in Nigeria that are making investment decisions to leave Nigeria because of the lie he told.

“One of the lies he told is that President Tinubu has borrowed more than the administrations of Yar’Adua, Jonathan, Buhari. That is a blatant lie”, Mr Omokri said.

To buttress his claims, Mr Omokri referenced figures from the Debt Management Office (DMO), maintaining that President Tinubu had actually reduced Nigeria’s external debt burden since assuming office.

“I have here with me data from the Debt Management Office, and Nigerians who are watching can go to DMO.com and search Debt Management Office, Nigeria State of Indebtedness 2015.

“As of 2015, Nigeria was owing a total of $63 billion. When Buhari was leaving office, Nigeria was owing $113 billion. Today, from the DMO, our debt has gone from $113 billion to $97 billion, meaning that Tinubu has reduced our debt by over $14 billion.

“We should be appreciating this man. Yet Peter Obi came here and lied to the Nigerian people. He took the debts and translated them into naira to make it look like the debts have increased”, he said.

 

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