Politics
RVHA Approves Bond Guarantee For Power Firm
Rivers State House of Assembly has unanimously approved through
a resolution request by Governor Chibuike Rotimi Amaechi, for the issuance of
Guarantee for the Acquisition of Power
Distribution Company by 4-Power Consortium Limited.
A correspondence from the state Governor dated October 8,
2012, to the House said “the resolution requested will enable the state support
the completion of acquisition of the Port Harcourt District Company currently
being privatized by the Bureau for Public Enterprises (BPE).”
After robust debate Wednesday, on the issue, the Speaker Rt.
Hon. Otelemaba Amachree, said the House hereby authorizes Guaranty Trust Bank
Plc to issue bonds and guarantees on behalf of 4-power Consortium Limited, in
form of the Bureau of Public Enterprises or any other beneficiary as may be
requested by the company utilizing the bond and guarantee to the state by the
bank.
The Tide learnt that the resolution implies irreversibly and
unconditionally agreeing to indemnify the bank in full on demand against all
loses, costs and expenses that may be suffered or incurred by the bank arising
from and in connection with the issuance of the bond.
Opening debate on the request, the whip of the House Hon.
Ikuniyi Ibani, said granting the request of the governor would give the state
opportunity to participate in the distribution of power generated from its
independent power project (IPP), and urged the lawmakers to support the
governor’s effort.
Hon. Augustine Ngo, representing Abua/Odual, argued that
Power Holding Company (PHCN) lacked enough facilities to accommodate power
generated by the state and described the unbundling of the company as a welcome
development since the move would increase power supply to the homes of Rivers
people.
The lawmaker opined that availability of electricity supply
will aid development because small and medium scale enterprises would be
encouraged as well as other investors that would create employment for the
youths.
Politics
Kwankwaso Agrees To Rejoin APC, Gives Terms, Conditions
The former two-term governor went down memory lane to recall how they founded the APC but were used and dumped.
In his words, “…those calling on us to join APC, we have agreed to join the APC but on clear agreement that protects and respects the interest of my party, NNPP and my political movement, Kwankwasiyya. No state where you go that you don’t have NNPP and Kwankwasiyya. We have gubernatorial candidates, senatorial candidates and others.
“We are ready to join APC under strong conditions and promises. We will not allow anyone to use us and later dump us.
“We were among the founding fathers of the APC and endured significant persecution from various security agencies while challenging the previous administration.
“Yet when the party assumed power, we received no recognition or appreciation for our sacrifices, simply because we didn’t originate from their original faction.
“We are not in a hurry to leave the NNPP; we are enjoying and have peace of mind. But if some want a political alliance that would not disappoint us like in the past, we are open to an alliance. Even if it is the PDP that realised their mistakes, let’s enter an agreement that will be made public,” Sen. Kwankwaso stated.
Politics
I Would Have Gotten Third Term If I Wanted – Obasanjo
Former President Olusegun Obasanjo has dismissed long-standing claims that he once sought to extend his tenure in office, insisting he never pursued a third term.
Speaking at the Democracy Dialogue organised by the Goodluck Jonathan Foundation in Accra, Ghana, Chief Obasanjo said there is no Nigerian, living or dead, who can truthfully claim he solicited support for a third term agenda.
“I’m not a fool. If I wanted a third term, I know how to go about it. And there is no Nigerian, dead or alive, that would say I called him and told him I wanted a third term,” the former president declared.
Chief Obasanjo argued that he had proven his ability to secure difficult national goals, citing Nigeria’s debt relief during his administration as a much greater challenge than any third term ambition.
“I keep telling them that if I could get debt relief, which was more difficult than getting a third term, then if I wanted a third term, I would have got it too,” he said.
He further cautioned against leaders who overstay in power, stressing that the belief in one’s indispensability is a “sin against God.”
On his part, former President Goodluck Jonathan said any leader who failed to perform would be voted out of office if proper elections were conducted.
Describing electoral manipulation as one of the biggest threats to democracy in Africa, he said unless stakeholders come together to rethink and reform democracy, it may collapse in Africa.
He added that leaders must commit to the kind of democracy that guarantees a great future for the children where their voices matter.
He said: “Democracy in Africa continent is going through a period of strain and risk collapse unless stakeholders came together to rethink and reform it. Electoral manipulation remains one of the biggest threats in Africa.
“We in Africa must begin to look at our democracy and rethink it in a way that works well for us and our people. One of the problems is our electoral system. People manipulate the process to remain in power by all means.
“If we had proper elections, a leader who fails to perform would be voted out. But in our case, people use the system to perpetuate themselves even when the people don’t want them.
“Our people want to enjoy their freedoms. They want their votes to count during elections. They want equitable representation and inclusivity. They want good education. Our people want security. They want access to good healthcare. They want jobs. They want dignity. When leaders fail to meet these basic needs, the people become disillusioned.”
The dialogue was also attended by the President of the ECOWAS Commission, Dr. Omar Touray, Bishop Matthew Hassan Kukah of the Sokoto diocese of Catholic Church among others who all stressed that democracy in Africa must go beyond elections to include accountability, service, and discipline.
Politics
Rivers Assembly Resumes Sitting After Six-Month Suspension

The Rivers State House of Assembly yesterday resumed plenary session after a six-month state of emergency imposed on the state by President Bola Tinubu elapsed on Wednesday midnight.
President Bola Tinubu had lifted the emergency rule on September 17, with the Governor of the state, Siminalayi Fubara, his deputy, Ngozi Odu, and members of the state assembly asked to resume duties on September 18.
The plenary was presided over by the Speaker of the House, Martins Amaewhule, at the conference hall located within the legislative quarters in Port Harcourt, the state capital.
The conference hall has served as the lawmakers’ temporary chamber since their official chamber at the assembly complex on Moscow Road was torched and later pulled down by the state government.
The outgone sole administrator of the state, Ibok-Ete Ibas, could not complete the reconstruction of the assembly complex as promised.
Recall that on March 18, President Bola Tinubu declared a state of emergency in Rivers following the prolonged political standoff between Fubara and members of the House of Assembly loyal to the Minister of the Federal Capital Territory, Nyesom Wike.
He subsequently suspended the governor, his deputy, Ngozi Odu, and lawmakers for six months and installed a sole administrator, Vice Admiral Ibok-Ete Ibas (rtd.), to manage the state’s affairs.
The decision sparked widespread controversy, with critics accusing the president of breaching the Constitution.
However, others hailed the move as a necessary and pragmatic step.
-
Sports5 days ago
CAFCL : Rivers United Arrives DR Congo
-
Sports5 days ago
FIFA rankings: S’Eagles drop Position, remain sixth in Africa
-
Sports5 days ago
NPFL club name Iorfa new GM
-
Sports5 days ago
NNL abolishes playoffs for NPFL promotion
-
Sports5 days ago
NSF: Early preparations begin for 2026 National Sports Festival
-
Sports5 days ago
Kwara Hopeful To Host Confed Cup in Ilorin
-
Sports5 days ago
RSG Award Renovation Work At Yakubu Gowon Stadium
-
Politics4 days ago
Rivers Assembly Resumes Sitting After Six-Month Suspension