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Nigeria Is Drifting Under APC – As SERAP Drags Okorocha To ICPC Over N1bn Statues -Amb Aminu Wali

Published

8 years ago

November 13, 2017

A former Minister of Foreign Affairs, Amb. Aminu Wali has said that going by the indices of situation in the country, it is clear that the nation is drifting.
This is even as the former Nigerian Permanent Representative to the United Nations said that former Jigawa State Governor, Sule Lamido, was right in saying that the Peoples Democratic Party (PDP) would dazzle President Muhammadu Buhari come 2019.
Recall that Lamido had asserted in an earlier interview with newsmen that the PDP would daze the President in the 2019 presidential election.
Speaking with newsmen, Amb. Wali said talks about 2019 could not be said to be premature at this stage, noting that “in politics, nothing is too early, and nothing is too far.”
Wali added that the PDP was hoping that from the performances of the APC on ground, it was obvious that there is every possibility that the PDP would send Buhari parking in 2019.
“Certainly, we are hoping that from the performances of the APC on ground, obviously, there is every possibility that it can happen because, after all, we will allow the people to judge.
“What is on ground is nothing to go by in terms of the campaign promises. They shouldn’t listen to anybody anymore. They should see that the difference is now clear.
“Economically, it is not yet clear that anybody can say whether we are moving in the right direction. Before now, we have been trekking, we have been retrogressing.
“But the government has not really been able to grasp the economic situation, the economic management proper. So long as they don’t get it right, then, we are going to keep drifting,” Wali said.
In view of the 2019 presidency, Wali said Nigerians should judge the current administration with the past administration regardless of whatever propaganda that was dished out against the last administration.
Wali urged Nigerians to juxtapose what is currently on ground with the propaganda and the campaign promises that was made by the APC while gunning for the office in 2015.
“I appeal to people to look at what was there before and what is there now in spite of all the talk about corruption
Meanwhile, a human rights advocacy group, Socio-Economic Rights and Accountability Project, says it has submitted a petition to the Independent Corrupt Practices and other related offences Commission (ICPC) against the Governor of Imo State, Rochas Okorocha.
The group said it wants Okorocha probed for abuse of office on account of his erecting statues of the South African and Liberian Presidents, Jacob Zuma and Ellen Johnson-Sirleaf, respectively, in his state.
SERAP said both statues might have cost N1billion, adding that it was concerned that they might have been funded with public funds.
The group particularly questioned the legality of Okorocha’s involvement in his Rochas Okorocha Foundation, while holding public office as Imo State Governor.
Its Executive Director, Adetokunbo Mumuni said the group’s petition, dated November 10, 2017, seeking Okorocha’s probe, was copied to the Code of Conduct Bureau and the Economic and Financial Crimes Commission.
SERAP wondered whether spending N1bn to erect Zuma and Johnson-Sirleaf’s statues was in the public interest, especially at a time that Imo State owed its teachers and pensioners.
It maintained that Okorocha must be jointly probed by the three anti-graft agencies, “to minimise the risks of bad government by public officials.”
SERAP said, “the spending on statues and apparent misuse of public resources may have violated constitutional provisions and international standards on code of conduct for public officers.
“The initiatives cannot be justified under any circumstances whatsoever, especially at a time when Imo state is unable or unwilling to pay teachers’ salaries and pensioners’ entitlements.
“Inviting Zuma and Johnson-Sirleaf to attend the opening of his foundation and then ‘honouring’ them with statues suggests abuse of office and apparent conflict of interest situation, as such acts were undertaken by Governor Okorocha in the exercise of his public functions to presumably promote and advance the commercial and other interests of the foundation.
“SERAP believes that rather than serving the common interest of the public, spending over N1bn, possibly of public funds, on Zuma and Johnson-Sirleaf in the context of their participation in the opening of the Rochas Okorocha Foundation would seem to put Governor Okorocha in a conflict of interest situation.
“SERAP notes that the Nigerian Constitution 1999 (as amended) and the United Nations Convention against Corruption to which Nigeria is a state party prohibit conflict of interests and set ethical standards for public officers. Indeed, both the constitution and the convention require public officers to abstain from all acts that may compromise the exercise of their public office and functions, or are inconsistent with their entrusted positions.”

Rivers State Deputy Governor, Dr. (Mrs) Ipalibo Harry Banigo (right), with CTC Chairman, Degema LGA, Hon. (Mrs) Okorite Karie Adiele and CTC Chairman of Asari-Toru LGA, Hon. Waite Harry (left), during the 2017 Annual Adult Harvest Thanksgiving Service at St. Alban’s Anglican Church, Obuama, yesterday.

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Tinubu Hails NGX N100trn Milestones, Urges Nigerians To Invest Locally

Published

9 hours ago

January 9, 2026

The Tide

President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.

Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.

He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.

“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.

He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.

The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”

Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.

He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.

“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.

The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.

Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.

Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.

Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.

Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.

“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.

He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.

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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare

Published

10 hours ago

January 9, 2026

The Tide

The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.

?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.

?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.

?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.

?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.

?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.

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Fubara Redeploys Green As Commissioner For Justice

Published

1 week ago

December 30, 2025

The Tide

The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.

Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.

This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.

According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.

The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.