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N10.6trn:FG Fires Back At Ezekwesili

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The Federal Government, yesterday, reacted angrily to
comments by the former Minister of Education, Dr. Obiageli Ezekwesili alleging
that the governments of Presidents Musa Yar’Adua and Goodluck Jonathan,
squandered $67 billion(about N10.6trn) in foreign reserves, describing the
allegation as “outlandish and clearly fictitious.”

Minister of Information, Mr Labaran Maku who addressed a
press conference on the allegations by the former Vice President of African
Region of the World Bank said the damning verdict passed on the education
sector by Mrs Ezekwesili was a self indictment, as she presided over the sector
without bringing any positive impact on it.

The Information Minister who was flanked by the Senior
Special Assistant on Public Affairs, Dr. Doyin Okupe; Economic Adviser, Prof.
Nwanze Okedegbo and Special Adviser on Performance Monitoring, Prof. Sylvester
Monye; said the allegations of Ezekwesili were curious in the light of the fact
that she had been part of governance in the past.

According to Mr Maku, Ezekwesili’s criticism of the
education sector amounts to hypocrisy as she was part of the sector and
contributed to its sorry state, because , despite receiving N458.1billion
between 2006 and 2007 for the sector, there is nothing to show for it, in terms
of achievements.

The Minister said, “If she says education has not worked it
means she is saying she did not work”.

He accused the former Education minister of betraying a
surprisingly limited understanding of government finances in her comments at
Nsukka.

Information Minister, Mr. Labaran Maku flanked by the Senior
Special Assistant on Public Affairs to the President, Dr. Doyin Okupe and the
Special Adviser to the President, Projects Monitoring and Evaluation, Prof.
Sylvester Monye during the briefing on the nation’s external reserves at the
National Press Centre, Radio House, Abuja.

He noted: “These statements are even more curious in light
of the fact that she has held senior positions in government, and more
recently, a position as a Vice President of the World Bank. However, rather
than speculate about her motives, we would focus on the facts.

“The statement by the former World Bank Vice President that
the governments of Presidents Musa Yar’adua and Goodluck Jonathan have
squandered $67 billion in reserves (including $45 billion in external reserves
and $22 billion in the Excess Crude Account) left by the Obasanjo
Administration at the end of May 2007 is factually incorrect. At the end of May
2007, Nigeria’s gross reserves stood at $43.13 billion – comprising the CBN’s
external reserves of $31.5 billion, $9.43 billion in the Excess Crude Account,
and $2.18 billion in the Federal Government’s savings. These figures can be
independently verified from the CBN’s records. The figure of $67 billion
alleged in her statement is therefore clearly fictitious.

“However, since President Obasanjo left office, the reserves
have experienced fluctuations, rising from $43.13 billion in May 2007, peaking
at $62 billion in September 2008 during the Yar’adua/Jonathan Administration
when oil prices peaked at $147 per barrel, and falling subsequently to a low of
$31.7 in September 2011. This fall in reserves was a result of the vicissitudes
of the global financial crisis which caused CBN interventions in the currency
market to defend the value of the naira. The Excess Crude savings, a component
of the reserves, was also used to stimulate the economy at the height of the
global financial crisis to the tune of about $1 billion (or 0.5 percent of our
2009 GDP). As a result, Nigeria is one of the few countries in the world that
did not seek assistance from international financial institutions.

He said it should be noted that the fiscal stimulus used to
shore up the economy during that period was shared by all 3-tiers of
government, including commitments of about $5.5 billion made under the Obasanjo
Administration for power projects, he added.

She urged Nigerians, especially the youths, to take their
destiny in their hands by creating a new political context in which citizens
demand for good governance and accountability by compelling their leaders to be
accountable and transparent in the management of the commonwealth of Nigeria.

According to her, ‘endowment of oil resulted in an indulgent
elite class who have made disastrous choices that have trapped the destiny of
Nigeria in oil wells.

The former World Bank Vice President attributed the economic
stagnation in the country for over fifty years to such indulgence on the part
of the emerging ruling class.

‘The fact is that our political elite suffers from delusion
of greatness simply because we sell barrel of crude oil to finance 80% of our
national budget while over 95% of our foreign exchange ad petroleum sector
earning represents a larger portion of industry’s contribution to GDP”, she
lamented.

‘I have known, at least, five cycles of commodity booms that
offered us rare opportunities to use revenues generated from oil to transform
our economy. Sadly, each cycle ended up sliding us farther down the productive
ladder. The present cycle of boom of the 2010s is, however, much more vexing
that the other four that happened in the 70s, 80s 90s and 2000s, she added.

She challenged Nigerian university graduates and
undergraduates to mobilise themselves and work towards pushing public office
holders to prudently manage our national wealth and provide good stewardship
and leadership to the people.

It would be recalled that
the former World Bank Vice President, Dr Obiageli Ezekwesili had last Saturday
lashed out at successive federal government since 2007, accusing them of
squandering over $67billion oil windfall.

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NDLEA Intercepts Drugs Hidden In Clothes, Garri

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Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted consignments of cocaine and various opioids concealed in walls of cartons used to package cloths and other items going to the United Kingdom and Australia.

Spokesman of the agency, Femi Babafemi, in a statement shared on X yesterday confirmed the interdiction.

According to him, “The two seizures were recorded at a courier company in Lagos on Friday 15th May 2026 during examination of shipments going to the UK and Australia.

“A total of 170grams of cocaine sealed in cellophane parcels and buried in the walls of a carton of cloths heading to Australia were recovered.

“A wide range of opioids including: 200 ampoules of pentazocine injection; 1,100 capsules of tramadol and 100 ampoules of promethazine injection were recovered from another carton which has United Kingdom as its final destination”.

“In FCT Abuja, NDLEA operatives on Monday 11th May arrested a 29-year-old businessman Ogadi Peter who specializes in producing drug laced cakes and cookies for parties and social gatherings in the capital city.

“Following credible intelligence, he was traced to his home in Life Camp area of the FCT where he was nabbed while 800grams of skunk and 2.70kg drug laced cookies recovered from him”.

“In Delta state, NDLEA operatives on Sunday 10th May, raided Ejeonu village in Ukwuani local government area where they destroyed 27,500 kilograms of skunk on 11 hectares of farmland and recovered 22.9kg of same substance while a 52-year-old suspect Ifeanyichukwu Peter was arrested in a follow up operation at Obiaruku.

“A similar raid in Orogun village, Ughelli North LGA on Tuesday 12th May led to the destruction of 37,500 kilograms and recovery of 55.4kg of same psychoactive substance on 15 hectares of farm as well as the arrest of 30-year-old Godwin Vincent Osadera.

“This brings the total weight of skunk destroyed by NDLEA operatives supported by soldiers in the two operations to 65,000 kilograms”.

“In Kaduna State, 361kg of skunk was recovered during a raid operation at Dan Magaji area of Zaria town on Wednesday 13th May. and a suspect Husaini Suleiman, 42 ,was arrested.

“A large cache of military-grade ammunition was intercepted by NDLEA officers on patrol along Abuja-Kaduna highway, Kaduna on Tuesday 12th May.

“A suspect, 35-year-old Abdullahi Hassan was caught conveying the 1, 989 rounds of RLA 7.62mm concealed in fresh white cassava granules locally known as garri.

“Both the suspect and exhibit have since been transferred to another security agency for further investigation’.

Also, a total of 181kg skunk was recovered from a suspect Aliyu Sani when NDLEA operatives raided the Ogere area of Ogun state on Wednesday 13th May, while another suspect Sufiyanu Mohammed Misa, 27, was arrested with 105,850 pills of opioids including tramadol, diazepam and exol-5 along Zaki- Biam road Wukari LGA, Taraba state on Thursday 14th May.

In Oyo State, two suspects: Adeleke Olamide Aliyah, 20, and Aloba Abdulazeez, 25, were arrested on Thursday, 14th May at Challenge II, Saki town, in connection with the seizure of 99 litres of skuchies.

NDLEA also said a total of 1,388.4175 kilograms of skunk were destroyed on two farms on Friday, 15th May when NDLEA officers raided Ago forest, Orhionmwon LGA, Edo state.

A 25-litre jerry can of palm oil used to conceal 1.2kg pills of tramaking 225mg was recovered from Kofar Ruwa motor park in Kano on Monday, 11th May following credible intelligence while a suspect Aminu Isa, 35, was arrested at Sabuwar Sharada area of the state same day with 30.5kg skunk.

The War Against Drug Abuse (WADA) social advocacy activities by NDLEA Commands equally continued across the country in the past week including: WADA sensitization lecture delivered to students and staff of The Apostolic Church Model College, Ijokodo, Ibadan Oyo State; School of Health Technology, Lambata, Niger state; Yewa Junior High School, Agege, Lagos; Government Secondary School, Yardaje, Katsina; Igogo Commercial High School, Igogo Ekiti and Government Girls Secondary School, Magwan, Kano state; among others.

While commending the officers and men of DOGI, Delta, Kaduna, Oyo, Taraba, Kano, FCT and Edo Commands of the Agency for the arrests and seizures of the past week, Chairman/Chief Executive Officer of NDLEA, Brig. Gen. Mohamed Buba Marwa (Rtd) also praised their counterparts in all the commands across the country for pursuing a fair balance between their drug supply reduction and drug demand reduction efforts.

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Five Die In Abuja Building Collapse

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No fewer than five persons have been confirmed dead after a three-storey building under construction collapsed in the Durumi 3 area near Gudu Market in the Abuja Municipal Area Council of the Federal Capital Territory on Saturday morning.

Ten other persons were rescued alive from the rubble, according to the media aide to the Minister of the Federal Capital Territory, Lere Olayinka, who provided an update on the incident via his X handle on Saturday.

Olayinka further stated that the Mandate Secretary of the Health Services and Environment Secretariat of the Federal Capital Territory Administration, Dr Adedolapo Fasawe, who visited the site, disclosed that the Minister of the Federal Capital Territory, Nyesom Wike, had directed that “all casualties be given free medical treatment.”

According to him, emergency responders continued efforts to evacuate more victims believed to be trapped beneath the rubble.

Officials of the Federal Fire Service, health workers, security agencies and local volunteers were at the scene working to rescue victims.

Recall that in April, six persons were injured following a similar collapse of a two-storey building under construction in Jikwoyi within the AMAC area.

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Odu Charges Newlyweds To Build Marriage On Love

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Rivers State Deputy Governor, Prof. Ngozi Odu, has charged newlywed couples to build their marriages on the virtues of love as taught in the Word of God.

Prof. Odu gave the charge at the wedding ceremony of Amblessed Favour Sunny-Cookey and Samson Jesuganji at Lifegate Power Ministries, Dominion Cathedral, in Port Harcourt at the weekend.

This was contained in a statement by the Head of Press, Deputy Governor’s Office, Owupele Benebo last Saturday.

The statement identified the bride as the daughter of Pastor Sunny Cookey, the Founder and Presiding Pastor of Lifegate Ministries.

The deputy governor congratulated the couple on a new phase of life, and prayed for God’s blessings upon their union, noting that the couple were raised by godly parents and encouraging them to uphold the Christian values instilled in them.

Referring to the sermon delivered during the ceremony, Odu emphasized that the principles of love and submission remain fundamental to a successful marriage.

According to her, genuine love reflects the nature of God, stressing that love should remain the foundation of the couple’s relationship as they journey through life together.

She prayed for enduring peace, happiness, and progress in their home, expressing confidence that the marriage would continue to flourish under God’s guidance.

The deputy governor commended the families of the couple for their support and upbringing, while urging the newlyweds to always remember the significance of the day and the commitment they had made before God and witnesses.

In his sermon at the wedding, the Founder and Presiding Pastor of Salvation Ministries, Pastor David Ibiyeomie, stated that marriage did not originate from Western culture, traditions, or human ideas, but from God, whom he described as the “manufacturer” of marriage.

According to the cleric, couples seeking lasting and peaceful homes must rely on biblical principles rather than societal trends or assumptions.

He explained that many marital crises and rising divorce rates stem from ignorance and failure to apply scriptural teachings in family life.

Drawing from the biblical parable of building a house on a rock, Ibiyeomie said the Word of God remains the only solid foundation capable of sustaining marriages through challenges and difficult times.

He noted that marriage naturally comes with unexpected realities and pressures, stressing that religious ceremonies or cultural practices alone are not enough to sustain a home without proper understanding of God’s instructions.

The pastor further warned that ignorance of scripture remains one of the greatest weapons against believers, urging Christians to study and practice the Word of God rather than merely attending church services.

The ceremony had many ministers in attendance including Apostle Zilly Aggrey, Pastor George Izunwa, and Bishop Winston Iwo.

 

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