Politics
Niger Assembly Grants Bello Approval For N25bn Sukuk Bond
The Niger State House of Assembly yesterday granted Governor Abubakar Bello approval to access a N25billion Sukuk bond.
The lawmakers had asked the governor to provide the duration of the repayment plan and sought more information regarding some of the road projects to be embarked upon.
In a response to their request through a letter read on the floor of the House by the Speaker, Alhaji Abdullahi Wuse, the governor noted that the tenure of the Sukuk bond was not more than seven years.
The governor also gave a breakdown of the locations of the RAMP roads totalling 235.19km as requested by the lawmakers.
The lawmakers thereafter unanimously gave the governor the green light to access the N25 billion Sukuk bond through a voice vote without referring it to the relevant committee for further scrutiny as was the practice.
The governor had in a correspondence read at plenary on January 16 explained that the government intended to take the bond because of its commitment to the objective of transforming the state.
“The government reviewed its capital intensive development projects and resolved in some high leveraged projects and high impactful visible projects.
“Thus, the government seeks to upgrade, construct and reconstruct some essential roads as well.
“The capital intensive projects which require long term funding will mostly be funded through a N25 billion infrastructure development Sukuk Bond programme
“The letter further stated that the bond would be issued in two tranches of N15 billion and N10 billion consecutively.” it added
Bello had requested the 8th Assembly’s approval to take N21.5 billion Sukuk bond but the request was denied due to what the legislators termed “hidden high costs”.
Politics
Rivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance
Accordingg to the statement, the Board and National Executive Committee of PANDEF, noted with very grave concern the recent spate of political developments in Rivers State.
“Regrettably, these developments have now degenerated into the decision of the Rivers State House of Assembly to commence impeachment proceedings against the governor and deputy governor.
“This is a deeply disturbing situation that demands urgent attention in order to forestall further escalation and breakdown of law and order.
“This concern is heightened by the critical importance and strategic centrality of Rivers to the Niger Delta region and to the broader socio-political stability and economic wellbeing of Nigeria as a whole”, the statement said.
The Forum called on all parties involved in the resurgent political imbroglio to sheathe their swords and embrace peace.
“This should be guided by the principles of give-and-take, dialogue, tolerance, and political equanimity.
“All stakeholders must place paramount importance on peace, development and the welfare of the people of Rivers.
“We must now focus squarely on good governance and development of the state,” the Forum said.
PANDEF commended President Bola Tinubu, the leadership of the All Progressives Congress (APC), respected elders of Rivers State, and other well-meaning Nigerians for their previous and ongoing efforts aimed at restoring peace and stability in the state.
Politics
Wike’s LGAs Tour Violates Electoral Laws — Sara-Igbe
Speaking in an interview on Saturday, January 10, Chief Sara-Igbe alleged that the minister had flouted regulations governing the commencement of electioneering campaigns by moving from one local government area to another to galvanise political support.
According to him, the action amounted to a clear breach of electoral guidelines being carried out with a troubling sense of impunity that could undermine the rule of law.
“Wike has violated the electoral laws of campaigning by going from local government to local government to talk to the people. He travelled from one local government to another. As a result of his visits to local government areas, he has broken election regulations and continues to do all these things without fear of repercussions”, Chief Sara-Igbe said.
The remarks came as Chief Wike was set to round off a state-wide “thank-you” tour that covered all 23 local government areas of Rivers State.
Although the minister had described the tour as an appreciation visit following support for President Bola Tinubu in the 2023 general elections, critics say the engagements have assumed an overtly political character.
Observers note that during several stops, including recent visits to Andoni and Bonny local government areas, the minister rallied supporters across party lines under what he termed a “Rainbow Coalition,” a move widely interpreted as part of a broader political strategy.
During these engagements, Chief Wike was also reported to have made remarks perceived as a veiled challenge to the authority of Governor Siminalayi Fubara, while repeatedly referencing the 2027 elections and urging supporters to prepare to “correct the mistake” of 2023.
Chief Sara-Igbe warned that allowing such activities to continue unchecked could erode public confidence in Nigeria’s electoral process and called on relevant authorities to enforce existing laws without fear or favour.
Politics
EFCC Alleges Blackmail Plot By Opposition Politicians
The Commission, in a statement on Wednesday, claimed that there were plans by the same group to escalate a smear campaign against its Chairman, Ola Olukoyede, to frustrate ongoing investigations and prosecutions involving prominent individuals.
The statement endorsed by the agency’s spokesman, Mr Dele Oyewale, claimed that the action was intended to distract the Commission through unfounded allegations of political bias in the discharge of its duties.
The EFCC warned that it would not stand by and watch “those recruited into this ignoble enterprise” or allow any attempt to derail it from “the patriotic task of improving public accountability in Nigeria.”
The Commission made it clear that those recruited into this venture were under close watch, adding that it would not tolerate any attempt to distract it from the patriotic task of improving public accountability in Nigeria.
“The EFCC reiterates its non-political stance in all its activities. Facts on the ground clearly show that any political actor belonging to the ruling party or opposition party, with corruption baggage, has no hiding place from the operational radar and dynamics of the Commission.
“As a matter of fact, several strong members of the ruling and opposition parties are either facing trial before the courts or being investigated by the Commission.
“It is needful that Nigerians appreciate the fact that the Commission is keeping faith with its Establishment Act in all its operations.
“Therefore, the Commission reiterates its commitment to justice, without fear or favour, in the fulfilment of its mandate,” the statement pointed out.
-
Sports3 days agoTinubu Lauds Super Eagles’ after AFCON bronze triumph
-
Sports3 days agoFulham Manager Eager To Receive Iwobi, Others
-
Sports3 days agoAFCON: Lookman gives Nigeria third place
-
Sports3 days ago“Mikel’s Influence Prevent Some Players Invitation To S’Eagles Camp”
-
Sports3 days agoMan of The Match award Excites Nwabali
-
Sports3 days agoRemo, Ikorodu set for NPFL hearing, Today
-
Sports3 days agoPolice Games: LOC inspects facilities in Asaba
-
Niger Delta3 days agoINC Polls: Ogoriba Pledges To Continuously Stand For N’Delta Rights … Picks Presidential Form
