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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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Kwankwaso Agrees To Rejoin APC, Gives Terms, Conditions

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The 2023 presidential candidate of the New Nigeria People’s Party (NNPP), Sen. Rabiu Musa Kwankwaso, has given terms and conditions to rejoin the All Progressives Congress (APC).
Sen. Kwankwaso, while addressing a gathering at his Kano residence, said any political alliance must recognise and respect the interests of his party and political movement.

The former two-term governor went down memory lane to recall how they founded the APC but were used and dumped.

In his words, “…those calling on us to join APC, we have agreed to join the APC but on clear agreement that protects and respects the interest of my party, NNPP and my political movement, Kwankwasiyya. No state where you go that you don’t have NNPP and Kwankwasiyya. We have gubernatorial candidates, senatorial candidates and others.

“We are ready to join APC under strong conditions and promises. We will not allow anyone to use us and later dump us.

“We were among the founding fathers of the APC and endured significant persecution from various security agencies while challenging the previous administration.

“Yet when the party assumed power, we received no recognition or appreciation for our sacrifices, simply because we didn’t originate from their original faction.

“We are not in a hurry to leave the NNPP; we are enjoying and have peace of mind. But if some want a political alliance that would not disappoint us like in the past, we are open to an alliance. Even if it is the PDP that realised their mistakes, let’s enter an agreement that will be made public,” Sen. Kwankwaso stated.

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I Would Have Gotten Third Term If I Wanted – Obasanjo 

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Former President Olusegun Obasanjo has dismissed long-standing claims that he once sought to extend his tenure in office, insisting he never pursued a third term.

Speaking at the Democracy Dialogue organised by the Goodluck Jonathan Foundation in Accra, Ghana, Chief Obasanjo said there is no Nigerian, living or dead, who can truthfully claim he solicited support for a third term agenda.

“I’m not a fool. If I wanted a third term, I know how to go about it. And there is no Nigerian, dead or alive, that would say I called him and told him I wanted a third term,” the former president declared.

Chief Obasanjo argued that he had proven his ability to secure difficult national goals, citing Nigeria’s debt relief during his administration as a much greater challenge than any third term ambition.

“I keep telling them that if I could get debt relief, which was more difficult than getting a third term, then if I wanted a third term, I would have got it too,” he said.

He further cautioned against leaders who overstay in power, stressing that the belief in one’s indispensability is a “sin against God.”

On his part, former President Goodluck Jonathan said any leader who failed to perform would be voted out of office if proper elections were conducted.

Describing electoral manipulation as one of the biggest threats to democracy in Africa, he said unless stakeholders come together to rethink and reform democracy, it may collapse in Africa.

He added that leaders must commit to the kind of democracy that guarantees a great future for the children where their voices matter.

He said: “Democracy in Africa continent is going through a period of strain and risk collapse unless stakeholders came together to rethink and reform it. Electoral manipulation remains one of the biggest threats in Africa.

“We in Africa must begin to look at our democracy and rethink it in a way that works well for us and our people. One of the problems is our electoral system. People manipulate the process to remain in power by all means.

“If we had proper elections, a leader who fails to perform would be voted out. But in our case, people use the system to perpetuate themselves even when the people don’t want them.

“Our people want to enjoy their freedoms. They want their votes to count during elections. They want equitable representation and inclusivity. They want good education. Our people want security. They want access to good healthcare. They want jobs. They want dignity. When leaders fail to meet these basic needs, the people become disillusioned.”

The dialogue was also attended by the President of the ECOWAS Commission, Dr. Omar Touray, Bishop Matthew Hassan Kukah of the Sokoto diocese of Catholic Church among others who all stressed that democracy in Africa must go beyond elections to include accountability, service, and discipline.

 

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Rivers Assembly Resumes Sitting After Six-Month Suspension

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The Rivers State House of Assembly yesterday resumed plenary session after a six-month state of emergency imposed on the state by President Bola Tinubu elapsed on Wednesday midnight.

President Bola Tinubu had lifted the emergency rule on September 17, with the Governor of the state, Siminalayi Fubara, his deputy, Ngozi Odu, and members of the state assembly asked to resume duties on September 18.

The plenary was presided over by the Speaker of the House, Martins Amaewhule, at the conference hall located within the legislative quarters in Port Harcourt, the state capital.

The conference hall has served as the lawmakers’ temporary chamber since their official chamber at the assembly complex on Moscow Road was torched and later pulled down by the state government.

The outgone sole administrator of the state, Ibok-Ete Ibas, could not complete the reconstruction of the assembly complex as promised.

Recall that on March 18, President Bola Tinubu declared a state of emergency in Rivers following the prolonged political standoff between Fubara and members of the House of Assembly loyal to the Minister of the Federal Capital Territory, Nyesom Wike.

He subsequently suspended the governor, his deputy, Ngozi Odu, and lawmakers for six months and installed a sole administrator, Vice Admiral Ibok-Ete Ibas (rtd.), to manage the state’s affairs.

The decision sparked widespread controversy, with critics accusing the president of breaching the Constitution.

However, others hailed the move as a necessary and pragmatic step.

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