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Uba Vows To Sue Obiano Over N25bn Bond

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Senator representing Anambra South Senatorial District in the National Assembly, Ifeanyi Ubah, has  threatened legal action against  Governor Willie if he fails  to give account of a N25billion  promissory notes allegedly collected by his administration from Debt Management Office , DMO in 2018 and 2019,  as reimbursement for projects executed on behalf of the federal government in the state.
The Senator who spoke to journalists in Abuja over the weekend gave the state government 72 hours to give an explicit account.
Senator Uba had expressed dismay that   the state  Commissioner for Information and Public Enlightenment, Mr. C-Don Adinuba, had denied that it ”has not raised any money from the Debt Management Office or the Federal Ministry of Finance under a bond, or any financial instrument from any institution or organisation.”
A statement issued last week in Awka by the  state commissioner also   read in part:  “Our record of prudent financial management and integrity is well acknowledged far and near. It is tough to speculate how the senator came about the phantom N25billion bond which Anambra State purportedly raised surreptitiously from the DMO/Federal Ministry of Finance,”
Ubah  who displayed   documents duly signed by the Director General of DMO, Patience Oniha and the Minister of Finance, Zainab Ahmed, said that the N25, 244, 306, 091.90 is expected to be paid in two instalments, lamenting that N16.1billion only was actually paid the state government having wasted N8, 850, 000, 000 as total discounts for the transactions.
“The governor paid banks over N8billion in order to cash out the promissory notes before their maturity dates, thereby ensuring that Anambra lost the amount from the transactions,” he said.
According to the documents obtained from the DMO by the lawmaker following his request for a copy, amount and tenure of the promissory notes, the sum of  N10, 097, 722, 436.90 was issued to the state government on December 28, 2018 but would mature on December 28 this year as the first instalment while N15, 146, 583, 655.00 as the second instalment billed for maturity on April 1, 2022 was issued on April 1, 2019.
The response from DMO with reference number DMO/PMD/598/S.4/III/881 and dated November 16, 2020 to the Senator read:
“The Distinguished Senator may wish to be informed that these were the only promissory notes issued to Anambra State Government which fully settled the outstanding claims of the state as approved by the Federal Executive Council and the National Assembly”.
 Senator Ubah further alleged that “in order for Governor Obiano to cash out on the N25billion that hasn’t matured, he had to terminate the deal by given up 15% of the total sum per annum.”
The Senator further  explained that “the governor paid about N3billion in bank charges for N10billion on the first promissory note which has a tenor of two years and paid another N4.5billion on the N15billion for the second promissory note which has a tenor of three years.”
The lawmaker, however, vowed to petition the state House of Assembly after which he would sue the governor if he fail to open up on the bond and give Ndi Anambra South their own portion of the money as refund for damaged roads rehabilitated by them in the district.
He argued that “the road projects for which the N25billion was collected were executed by the administrations of Governors Chris Ngige and Peter Obi on behalf of the federal government as part of their infrastructural development of Anambra State.”
Senator Ubah also informed that Obiano used the Federal Commissioner for Works in the state to stop him from rehabilitating some damaged roads in his constituency while the governor has also refused to pay attention to the roads till date.
By:  Nneka Amaechi-Nnadi, Abuja
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Rivers Political Crisis: PANDEF Urges Restraint, Mutual Forbearance

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The Pan Niger Delta Forum (PANDEF) has called for restraint and mutual forbearance over the recent political development in Rivers State.
The Forum has also set up a high level Reconciliation Committee chaired by a former Attorney-General and Minister of Justice the Federation, Chief Kanu Agabi (SAN).
This is contained in a press statement released in Abuja on Saturday.
The statement was jointly signed by PANDEF’s Board of Trustees Co-Chairmen, Chief Alfred Diete-Spiff, and Obong Victor Attah (a former governor of Akwa Ibom State), as well as PANDEF’s National Chairman, Chief Godknows Igali.

 

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.

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Wike’s LGAs Tour Violates Electoral Laws — Sara-Igbe

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A prominent Ijaw leader and former spokesperson of the Pan Niger Delta Forum (PANDEF), Chief Anabs Sara-Igbe, has accused the Minister of the Federal Capital Territory, Chief Nyesom Wike, of violating Nigeria’s electoral laws through what he described as premature and unlawful political mobilisation across local government areas in Rivers State.

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.

 

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EFCC Alleges Blackmail Plot By Opposition Politicians

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In what could be described as a proactive measure, the Economic and Financial Crimes Commission (EFCC) has raised the alarm that some opposition politicians were allegedly plotting to undermine the agency ahead of the 2027 general election.

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.

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