Politics
RVHA Approves Bond Guarantee For Power Firm
Rivers State House of Assembly has unanimously approved through
a resolution request by Governor Chibuike Rotimi Amaechi, for the issuance of
Guarantee for the Acquisition of Power
Distribution Company by 4-Power Consortium Limited.
A correspondence from the state Governor dated October 8,
2012, to the House said “the resolution requested will enable the state support
the completion of acquisition of the Port Harcourt District Company currently
being privatized by the Bureau for Public Enterprises (BPE).”
After robust debate Wednesday, on the issue, the Speaker Rt.
Hon. Otelemaba Amachree, said the House hereby authorizes Guaranty Trust Bank
Plc to issue bonds and guarantees on behalf of 4-power Consortium Limited, in
form of the Bureau of Public Enterprises or any other beneficiary as may be
requested by the company utilizing the bond and guarantee to the state by the
bank.
The Tide learnt that the resolution implies irreversibly and
unconditionally agreeing to indemnify the bank in full on demand against all
loses, costs and expenses that may be suffered or incurred by the bank arising
from and in connection with the issuance of the bond.
Opening debate on the request, the whip of the House Hon.
Ikuniyi Ibani, said granting the request of the governor would give the state
opportunity to participate in the distribution of power generated from its
independent power project (IPP), and urged the lawmakers to support the
governor’s effort.
Hon. Augustine Ngo, representing Abua/Odual, argued that
Power Holding Company (PHCN) lacked enough facilities to accommodate power
generated by the state and described the unbundling of the company as a welcome
development since the move would increase power supply to the homes of Rivers
people.
The lawmaker opined that availability of electricity supply
will aid development because small and medium scale enterprises would be
encouraged as well as other investors that would create employment for the
youths.
Politics
Don’t Risk Your Legacy, Citizen Begs Jonathan Against 2027 Presidential Race
In a letter titled, “An Open Letter to Former President Goodluck Jonathan,” the observer said Dr Jonathan should be careful not to allow himself to be drawn into partisan calculations driven by ambition rather than national interest.
He cautioned the former president against allowing himself to be used by what he described as desperate political interests.
“I believe this is the time to protect the good name and legacy you have built over the years. You should not allow yourself to be used by desperate political elements who may be more interested in their own ambitions than in the future of Nigeria,” the letter read.
The Social Commentator further warned Dr Jonathan to be wary of those advocating for his comeback, claiming many of them were previously opposed to his administration.
“Many of those calling for your return today were your antagonists, those who frustrated your government back then. You should be careful not to become a pawn in a game designed by others or else they will stain your white with their ‘roforofo’,” he said.
He maintained that Dr Jonathan’s legacy remains defined by his decision to concede defeat in 2015, which he described as a landmark moment in Nigeria’s democratic history.
“Your legacy was built through years of public service and your decision to put the country’s peace above personal ambition at a critical moment in Nigeria’s history. That legacy should not be put at risk because of the desperation of a few politicians,” he added.
Mr Adenuga also alleged that some of the promoters of Dr Jonathan’s return have lost credibility in the public space.
“The truth is that some of the people pushing you to contest have already damaged their own reputations. They should not be allowed to stain your legacy with their soiled hands. What they could not achieve on their own should not be pursued through your name and goodwill,” he stressed.
He concluded by urging the former president to remain above political manoeuvring and protect his place in history.
“History has been kind to you. Preserve that honour and remain above the political games of those who want to use your name for their own purposes,” he wrote.
Recall that former President Goodluck Jonathan recently emerged as the presidential candidate of the Kabiru Turaki-led Interim National Working Committee of the Peoples Democratic Party (PDP) following a special convention held in Abuja, where delegates ratified his nomination ahead of the 2027 general elections.
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