Politics
Speaker, Members Differ On Investment Bill
The Speaker of the Rivers
State House of Assembly, Rt. Hon. Otelemaba Dan Amachree has committed the Garden City Private Equity Investment Bill into committee stage, even as lawmakers kicked that the bill should be step down due to duplication with other agencies.
The bill which was in its second reading was kicked against by majority members of the House with the view that Rivers State Micro Finance and Investment Corporation and Ministry of Finance and Corporations are saddled with the same work and responsibilities to create wealth and enhance the financial capacity of the state.
During the deliberation on the bill, Wednesday, members kicked against the establishment of a new agency, saying the state should use the existing agencies to invest and create wealth for the state.
Hon Chioma Golden Ngozi representing Etche Constituency II who said the bill appeared to be good and intended to create job and wealth for the people of the state, however, noted that the state can do without it since there are other agencies saddled with such responsibilities.
The lawmaker said, even though the bill was also intended to create equity in the investment of the state, the Ministry of Finance can do much more by creating wealth and also make judicious use of the funds appropriated to the ministry.
He disclosed that during the screening of members of the Board of the State Internal Revenue Service, it was found that the state had various investments in some companies operating in the state, regretting that the state had refused to utilize that opportunity adequately.
He appealed to the executive arm of government to use the existing agencies for the investment instead of establishing a fresh one, saying a new agency would amount to duplication and as well increase the wage bill of the state government.
He also urged the executive to use other investments agencies in the state like the Rivers State Sustainable Development Agency (RSSDA) to create wealth and empowerment for the state.
Other members who opposed the bill include Hon Anabraba Fredrick (Akuku-Toru 11), Hon Legborsi Nwidadah (Khana 1), Hon Victoria Nyeche (Port Harcourt 1), Hon Ibiso Wuche (Ahoada East II), Hon Miller Andrew Anderson (Opobo/Nkoro) and Hon Gift Wokacha (ONELGA).
But the Deputy Speaker, Hon Leyii Kwanee, representing Khana II reminded the House on rule 46, which stated that all bills shall receive third reading.
The Speaker, Rt Hon Amachree, however, referred members to House rule 45, section 5 and committed the bill to a committee stage for a public hearing. The Speaker set up an adhoc committee headed by Hon Horsfall Godstime Ben, representing Asaru Toru II, while Hon Okechukwu Akara Nwogu (Oyigbo), Hon. Lucky Odili (ONELGA II) and Hon Chigbo Sam Eliwe serve as members.
The committee is expected to conduct public hearing on the bill and report back to the House within one week.
Politics
Reps Constitution Review Committee Holds Zonal Hearing For Rivers, C’River, Akwa Ibom In Calabar
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.
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”.
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.