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$1bn ECA Withdrawal: FG Siphoning Funds With Terrorism War -PDP – Wike Demands Special Fund For N’Delta – As ADP Calls For Account Of N50bn NNPC Fund
The Peoples Democratic Party (PDP) has alleged that the Federal Government is using the war against terror as a pretext to siphon funds.
The allegation is coming at the heels of the $1billion which state governors have authorised the government to take from the Excess Crude Account (ECA) belonging to all tiers of government.
In a statement issued by the National Publicity Secretary of the PDP, Kola Ologbodiyan in Abuja yesterday, the PDP said government’s criticism against the PDP is an attempt to divert attention from the sleave going on under the present administration and its moves to use the fight against terrorism as a conduit to siphon public funds for partisan purposes.
The PDP challenged the government to address the issues it had raised particularly the withdrawal from the ECA fund rather than making unsubstantiated allegations against the former ruling party.
The statement read: “The Peoples Democratic Party (PDP) has described as inexcusable, moves by the APC Federal Government to divert attention from its attempt to pilfer $1b from the Excess Crude Account (ECA) to finance partisan activities.
The PDP, which insisted that the Federal Government must address the issue, noted that “the attempt by the APC Federal Government to divert attention from the fraud, by resorting to unsubstantiated allegations against the PDP only reinforces its manipulative tendencies and arrogant spurn to the sensibilities of Nigerians.”
PDP National Publicity Secretary, Kola Ologbondiyan in a statement yesterday also challenged the Minister of Information, Alhaji Lai Mohammed, to substantiate his claims that the PDP was rebranding with stolen money. Ologbondiyan said ‘such wild allegation was only intended to divert public attention from the heavy sleazes under the current administration, the latest being the moves to use the fight against terrorism as a conduit to siphon public funds for partisan purposes.
“The Federal Government has failed to address issues raised by the PDP and majority of Nigerians, including APC members, who can not fathom how this administration would want to expend N365bn on fighting insurgents it claimed had been technically defeated.
“It is indeed appalling that rather than being remorseful, the APC Federal Government has renewed its wild allegations and cheap blackmail against the PDP.
“It is a clear to all that the PDP do not have access to public funds and cannot be rebranding with stolen money. Instead, we are rebranding on the grace of the general goodwill of Nigerians who have suffered untold hardships in close to three years of APC government.
“While we understand the nervousness of the APC Federal Government over our rebranding and the renewed popularity of the PDP, which has signaled their inevitable death knell, resorting to outlandish allegations will not help them as Nigerians have since seen through such old-fashioned propaganda and gimmicks.
“We are however not surprised by this diversionary and deceptive approach from the APC government; a government whose officials have since become notorious for dishing out falsehood to Nigerians to cover their incompetence and corrupt tendencies.
“This is the same minister of information, who in a press in conference in Abuja, in 2016, promoted allegations that 55 people stole a total of N1.34 trillion; that 5 former governors stole N146.8 billion; that 4 former ministers stole N7 billion. All these have remained unsubstantiated.
“While we challenge this Government to come clean on the issue of the $1bn Excess Crude money, we also challenge the minister of information to comment on allegations that the APC funded its 2015 presidential campaign with stolen public funds, particularly from Lagos and Rivers states.
“He should also waste no time in commenting on allegations of corruption against their former SGF, Babachir Lawal, the Mainagate and other heavy sleazes going on unabated under the current APC-led administration.”
Meanwhile, Rivers State Governor, Chief Nyesom Wike has declared that the APC-Federal Government must as a matter of urgency release funds for tackling issues of environmental degradation and security in the Niger Delta.
Governor Wike said while he would not condemn the release of $1billion to tackle Boko Haram, the environmental and security challenges in the Niger Delta far outweigh the Boko Haram conflict.
The governor spoke during the Annual General Meeting of Okpo Club of Nigeria (Association of Ikwerre Lawyers) yesterday in Port Harcourt.
He requested the APC, Federal Government to release the derivation component of the Excess Crude to the oil producing states of the Niger Delta.
He said: “Niger Delta environmental problems are as serious as the Boko Haram Insurgency. I am not saying that you should not fight Boko Haram.
“If you can get funds from the national pool to tackle Boko Haram, then you should go to the pool to get funds to fight environmental problems in Ogoni and other Niger Delta communities.”
Commenting on politics in Rivers State, Governor Wike urged all ethnic nationalities to work together to fast track development in the state.
He said no ethnic nationality in the state could succeed without others, hence the need for greater cooperation at all levels.
The governor also called on the people of the state to always work for relevance in the political terrain of the country so that the state could attract development.
Former NBA President , Chief Onueze Okocha (SAN), commended Governor Wike for his commitment to the development of the state.
He assured him of the support of Ikwerre lawyers as he worked for the people of Rivers State.
Chairman of Okpo Club of Nigeria, Mr Chukwuma Chinwo said the club would continue to mobilise Ikwerre lawyers for the development of the area.
Former Rivers State Governor, Sir Celestine Omehia said the Association of Ikwerre Lawyers had grown over the years to become a catalyst for development.
Highpoint of the occasion was the celebration of the birthday of the Rivers State governor by members of the Association of Ikwerre lawyers.
The Chairman of the Nigeria Governors’ Forum, Alhaji Abdulazeez Yari, has reacted to Governor of Ekiti State, Ayodele Fayose, criticism of $1 billion approved by the forum to aid the fight of insurgency in the north east.
He said contrary to Fayose’s reaction it was endorsed by all the governors present because they saw reason, adding that if the Ekiti Governor was present at the meeting, he would have seen the wisdom in the decision.
Fayose, had alleged that the $1 billion to be withdrawn from the Excess Crude Account, and ploughed into the battle with insurgency is a ruse, but money that would rather go for President Muhammadu Buhari’s campaigns for 2019 presidential election.
Fayose in a statement signed by his Special Assistant on Public Communications and New Media, Lere Olayinka, said: “Since they said they have defeated Boko Haram, what else do they need a whopping sum of $1 billion (over N360 billion) for, if not to fund the 2019 elections? For posterity’s sake, I wish to place it on record that I was not among the governors who approved the withdrawal of almost half of our savings in the Excess Crude Account, which belongs to the three tiers of government to fight an already defeated insurgency,” he declared.
Governor Yari Abubakar said that the issue of drawing from the ECA was very broadly deliberated at the Forum’s meeting on the eve of the National Economic Council meeting where the decision was taken. “If Governor Fayose was there at the meeting, he would have seen the wisdom in the decision. Yes, the administration is claiming to have decimated the insurgents out of Sambisa Forest but they are reemerging in different flashpoints across the country. They need to be tackled wherever they are and the NGF decided to support the Presidency just as it (The Presidency) had been supporting states with their own problems,” Governor Yari Abubakar argued.
The Chairman of the Nigeria Governors’ Forum who spoke on the phone from Zamfara even contemplates addressing a world press conference on the matter to clear the air, and show how seriously we cherish human lives.
“Governor Fayose is on his own. We have to protect our people and we have to do it with everything we have,” Governor AbdulAziz Yari Abubakar emphasized, adding that “let me reemphasize one more thing, Mr President is a responsible and honest leader who does not believe in money politics and he would never divert public resources into it.”
In the same vein, the All Progressives Congress (APC) has also thrown its weight behind the governors’ decision to withdraw $1 billion from the Excess Crude Account to fight Boko Haram insurgency in the North-East region. The APC-led federal government and the governors who had come under severe attacks from the opposition party, the Peoples Democratic Party (PDP) and the governor of Ekiti State, Ayo Fayose, has in a text message from the National Publicity Secretary of the party, Mallam Bolaji Abdullahi, said that the ruling party solidly backs the governors’ decision.
Obviously replying to a text message on the 2019 hidden intent of the fund, the party’s spokesperson said: “The governors have responded. I don’t have anything to add.”
Similarly, the ADP said its attention has been drawn to yet another large-scale corruption being orchestrated by the Muhammadu Buhari-led Federal Government where a whopping sum of N50billion has been discovered in secret accounts contrary to the idea behind the TSA, that all monies generated by Ministries, Departments and Agencies (MDAs) be remitted into the account.
In a statement signed by the party’s Publicity Secretary, Prince Adelaja Adeoye, the ADP lamented that it took the intervention of an ad-hoc committee of the National Assembly chaired by Hon. Abubakar Danburam-Nuhu from Kano State to discover this huge fraud allegedly approved by the president.
“We have gathered that this directive was implemented by the NNPC GMD, Mr. Maikanti Baru, to have some commercial banks keep money generate from oil revenue accounts outside the TSA. This is in breach of the TSA policy, which provides that all revenues from Ministries, Departments and Agencies of government should be transferred to the TSA.
“The said approval was a memo written by the Chief of Staff to President Buhari, Mr. Abba Kyari, authorizing the NNPC to exclude the said sum from the TSA. Our party is shocked by this unbelievable development.
“Nigerians will recall that the same president moved against our tertiary institutions, ordering them to comply strictly with the TSA policy. We are yet to rationalize the reason for this exclusion or would it be safe to say that the president and his party have started stacking funds to be used for the 2019 general elections?
“We are demanding that President Buhari explain to Nigerians why he gave such an order and for what purpose. It is again shocking that the president repeatedly disregard rules whenever it pleases him, it must be said that a distortion of processes is a serious aspect of corruption.
“The TSA was created to mitigate revenue leakages, but we wonder where all the noise of fighting corruption is coming from, when the evidence points to the contrary. We have also not forgotten the fact that several members of the president’s cabinet such as Babachir Lawal and others are still walking free despite the allegations of corruption running into hundreds of millions still hanging on their necks.
“It is safe to say that President Buhari himself is the supervisor of corruption because his cabinet members and appointees cannot be carrying out these large scale corrupt activities without his knowledge as he has refused to act in the cases of those caught in the act. It is said that birds of a feather flock together.
“Since President Buhari came on board in 2015, Nigeria has not fared better; corruption, hunger, poverty and death have been the hallmark of his maladministration. His continuous failure to transform the economy into a growing one has made Nigeria slide down to becoming the world’s headquarters of poverty and corruption.
“Thousands of Nigerians are falling into the poverty bracket in an alarming rate.
“The ADP as a credible alternative is a party guided by social democratic principles and we will work hard with all stakeholders to continue to hold this government accountable while we make preparations to take over in 2019 so as to make life easy and better for all Nigerians,” the statement added.
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Oil & Gas: Rivers Remains The Best Investment Destination – Fubara
Governor Siminalayi Fubara says Rivers State remains the best investment destination for investors in the oil and gas sector.
Governor Fubara stated that since the economic development of Rivers State is closely connected to the growth of the oil and gas industry, his administration has continued to collaborate with the Federal Government and host communities to protect natural assets in the sector.
The Governor stated this during the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation Oil and Gas Roundtable in Port Harcourt.
Represented by the Secretary to the State Government, Dr. Benibo Anabraba, he pointed out that since the economy of Nigeria relies substantially on the oil and gas sector, his administration will continue to collaborate with relevant stakeholders to ramp up production.
“The Nigerian oil and gas sector is the lifeblood of our nation’s economy, contributing over 90% of Federal Government’s foreign exchange earnings. Similarly, Rivers State, home to numerous national and multinational oil and gas companies, is the centre of Nigeria’s hydrocarbon industry, with the State’s oil and gas resources generating over 40% of the country’s revenue.
“?Considering this, the survival and economic development of Rivers State are closely connected to the growth of the oil and gas industry. That is why, since the beginning of this administration, we have focused on safeguarding the national oil and gas assets in collaboration with the Federal Government, security agencies, communities and other stakeholders, and we will maintain this commitment for as long as it is necessary.
“Furthermore, we have established and maintained a conducive, peaceful, and secure environment for companies to open and flourish in the State as part of a strategic plan to stimulate our economy, generate jobs, and enhance the well-being of our citizens.
“We therefore recognise and applaud the vital role that indigenous companies are currently playing in bridging gaps and advancing the development of Nigeria’s oil and gas industry,” he stressed.?
Governor Fubara affirmed that Nigerian-funded companies can only succeed and make meaningful contributions to the nation’s economic prosperity when challenges that limit the nation are effectively tackled, and expressed his administration’s stand to support indigenous organisations such as the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation.
Declaring the roundtable open, the Governor assured the Nigerian-Owned companies in the oil and gas sector, that “we are ready and willing to respond positively to any administrative, policy, or legislative recommendations within our jurisdiction as a subnational State.”
The Founder of the Nigeria and Entrepreneurship Summit and Honours (NESH) Foundation, Mr Emeka ugwu-Ozu, disclosed that the summit, held only in an oil and gas producing place, is a forum for all in the industry to brainstorm and suggest best practices for local players.
“This roundtable discussion takes place in only oil and gas producing states, and it is intentional. And that is to make sure that sooner, it becomes like what we say is the equivalent of Houston in the United States of America.
“I would say that from what I have seen so far, Rivers State is back and open, safe and good for business. The oil and gas players should come and see what we have seen,” he said.
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Lady Fubara Lauds Rivers Women On Peace, Development
Wife of the Rivers State Governor, Lady Valerie Fubara, has lauded the commitment, solidarity and pivotal role of women in promoting peace and enterprise development in Rivers State.
Lady Fubara spoke at the second edition of ‘Women Converge,’ a special programme organized by Rivers Women Unite for Sim, an NGO, at the main bowl of the Alfred Diete-Spiff Sports Complex in Port Harcourt, last Thursday.
She said women in the state had tremendously impacted the state positively through their prayers, careers, contributions to the home fronts, and expressed appreciation to Rivers women, for their unwavering support to her husband, Sir Siminalayi Fubara, the Governor of Rivers State, while urging them to continue to pray for the state.
“Once again, let me use this occasion to thank Rivers women for their support both in prayers and solidarity with me and my family. You have been wonderful. I can’t reward all that you do, but God in heaven who sees in secret will surely reward you openly.
“Truly today, marks another milestone in our effort to shape the society for good and lending our support for the sustenance of peace and development of Rivers State in particular and Nigeria at large. Without doubt, the prayers of our women avails much in every situation.
“Let me enjoin our women to remain prayerful because God is ever ready to answer our prayers. In all that we do, we must not forget the hand of God and often seek Him for direction and help. You have always been steadfast and I urge you not to relent, and together we will move our society forward. Whatever you do, putting your trust in God will certainly succeed”.
The Rivers State first Lady described the theme of the event, “Women in An Evolving World” as apt and, deeply reflective of the very essence of actions and strategies that women adopt to navigate the new world order.
She noted that despite the complexities of managing the home front and the constraints of economic realities, women had demonstrated formidable strength and resilience to confront the odds of life.
“This Converge underscores the resilience of our women to succeed no matter the odds, especially with absolute faith in God and determination for greater accomplishments.”
“Whether in the industry, business, agriculture, public service or even in politics, they have always shown strong determination to adapt and to accomplish like others.
“Our natural state notwithstanding our focus has always been to reach for the sky like every other person and as Rivers women we have always been pacesetters.
The Keynote Speaker, Pastor Eno Jerry Eze, described women as the foundation of every society, noting that the development of every society depends on the strength of womanhood.
In their good will messages, notable Rivers women who attended the event expressed optimism over the prospects of sustainable peace and development in Rivers State, and reiterated their support for the administration of Governor Siminalayi Fubara.
Some dignitaries that attended the event include former Commissioner for Environment in Rivers State, Prof Roseline Konya; foremost activist, Ann Kio Briggs; wife of the former Deputy Governor of Rivers State, Dr Mrs Christie Toby; President of the Port Harcourt Chambers of Commerce Industry, Mines and Agriculture, PHACCIMA, Dr Chinyere Nwoga; Pastor Ene Secondus, among others.
Highlights of the event were ministrations, cutting of cake and special prayers for Rivers State.
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Fubara Frowns At Slow Pace Of Ndele–Omofo–Egmini–Agba-Ndele Road Project ….Says Contract May Be Reviewed
Rivers State Governor, Sir Siminalayi Fubara, has expressed dissatisfaction over the slow progress of work on the 14.5-kilometer Ndele/Omofo/Egamini/Agba-Ndele Road project located off the East–West Road in Emohua Local Government Area.
Addressing newsmen during an inspection tour of the project on Tuesday, the Governor noted that the pace and quality of work being delivered by the contracting firm, Messrs Stream Co. & Equipment Limited, fell below acceptable standards.
He was accompanied on the tour by the Permanent Secretary, Ministry of Works, Dr. Austin Ezekiel-Hart, who briefed the Governor on the status of the project and adjoining infrastructure.
Governor Fubara, who appeared visibly unsatisfied with what he saw on the stretch of the road, said his administration would not condone mediocrity or allow public funds to be wasted on underperforming projects. He, therefore, hinted that a review of the contract may be imminent to ensure the delivery of quality infrastructure to the people.
“I can say here already that the contractor handling the road from the bridge to the East–West Road is not doing a good job. I’m not happy about it. When I get back, there will be a need to review that contract because I’m not impressed. They don’t have the capacity, and we need capacity because we must have value for whatever money we’re spending,” the Governor said.
The Governor, however, commended Setraco Nigeria Limited for the standard and pace of work on the 240-meter Agba-Ndele/Abua Bridge, which forms a major component of the project. He explained that the bridge, which his administration inherited, would significantly improve connectivity among communities in the area once completed.
Governor Fubara stated that the bridge will serve as a key link between communities in Abua/Odual, Ahoada-East, and Emohua Local Government Areas, reducing travel time and providing an alternative route to the East–West Road.
He emphasised that the project demonstrates his administration’s commitment to rural connectivity and inter-community access, which are central to his development vision for Rivers State.
“Where we are standing on is a bridge connecting Abua/Odual, Ahoada-East, and Emohua Local Government Areas. The community that is connected to this bridge is Agba-Ndele.
“Instead of running through the East–West Road to Ahoada-East and heading into Port Harcourt or out of it, this bridge provides easy access for the Abua/Odual people to cross into Emohua, Agba-Ndele, and access the East–West Road in minutes,” he explained.
Governor Fubara also expressed optimism that the bridge would be ready for use in early 2026, noting that Setraco’s expertise and performance met his administration’s expectations for quality and delivery timelines.
He highlighted that projects of such importance should be handled by firms with the capacity to meet government standards.
The Governor further remarked that once completed, the bridge would serve as a crucial economic corridor for farmers and traders, especially those involved in agriculture and cultivation of local produce across the beneficiary local government areas.
He maintained that his administration is determined to deliver people-oriented projects that promote connectivity, strengthen commerce, and enhance livelihoods across the State.
“I’m really impressed with what I’ve seen on the bridge. I’m very sure that before the end of January, it might be completely ready for us to walk through and even drive across,” Governor Fubara said.
Reaffirming his vision for Rivers people, the Governor noted that his development plan seeks to integrate all parts of the State through strategic infrastructure investments that promote mobility, social cohesion, and economic growth.
He explained that his government is executing projects across multiple local government areas to ensure balanced development and inclusivity.
Governor Fubara stated that the administration will soon address the deplorable state of the Abua/Ahoada Road, which he said, will be included in the 2026 state budget.
“Our vision is to connect the entire Rivers State together, especially communities that have challenges of access. The bridge here connects Abua/Odual and Ahoada-East to Emohua and Port Harcourt. It will ease movement, promote trade, and boost our economy because agriculture is strong on this side. Moving goods to the city won’t be a problem anymore,” he said.
Governor Fubara reiterated his administration’s commitment to delivering quality infrastructure that provides value for public funds and meets the aspirations of Rivers people.
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