News
N1.14trn Subsidy Payment Fraudulent -PDP …As Ezeife, Yakasai, Others Tell Buhari To Drop 2nd Term Bid
The Peoples Democratic Party (PDP) has accused President Muhammadu Buhari of corruption over the fuel subsidy regime of his government, throwing its weight behind state governors’ query of the subsidy regime.
The main opposition party has therefore challenged the President to submit himself for an independent inquest into his handling of the subsidy regime as well as the alleged complicity of his Presidency in other exposed financial impropriety by cronies of his government, particularly in
revenue collecting agencies.
According to a statement issued Kola Ologbondiyan, the party’s National Publicity Secretary in Abuja yesterday, such inquest, which it noted, was already backed by state governors across board, “will not only expose humongous corruption but also show the world that our African Union (AU) Anti-Corruption champion had not been totally spotless.”
The party invited Nigerians to note that the demand by governors to probe all subsidy deals since 2015 was a direct indictment on President Buhari as the Minister of Petroleum, particularly, following allegations that the stolen funds were being warehoused to fund his 2019 re-election bid and the opulent lifestyle in the Presidential Villa.
The party noted that if President Buhari allowed the inquest, “it will reveal how our president, who had queried the genuineness of the oil
subsidy payments by PDP administration and described the process as a fraud, had secretly engaged in underhand oil subsidy deals.”
The party asserted: “Nigerians will also understand how the cost of fuel geometrically rose from the PDP subsidized the cost of N87 to N145, representing a criminal N58 tax, per liter of fuel.
“Nigerians recall that it took over two years of secret oil subsidy deals under President Buhari before it was exposed last December. Since then, the Presidency and the NNPC have been seeking ways to cover the fraud which include claims that local consumption suddenly jumped from 28 million liters per day to 60 liters per day.
“PDP considers this as a fabrication to retire the billions being stolen as subsidy, even when statistics by the National Bureau of Statistics and the reality of the retarded purchasing power of citizens, under the prevailing economic recession, do not validate such claims.
“Nigerian, therefore, deserve to know who authorised the payments and the identity of the beneficiary companies, if any.
“The PDP is happy that state governors across the board and the National Assembly are on the same page with our party in condemning the humongous fraud going on under President Buhari’s fuel subsidy.”
The PDP, therefore, demanded that the inquest should cover the alleged the N15 billion stolen from the NHIS, the N18 billion stolen from the PINE initiative, the alleged leaked memo of N9 trillion corrupt oil contracts at the NNPC, the reported diversion of N1.1trillion worth of crude last year and why indicted Presidential cronies and fronts have not been prosecuted.
Meanwhile, the National Working Committee of the Peoples Democratic Party (PDP), has raised alarm over what it described as deliberate attempts by the All Progressives Congress-led Federal Government to completely clampdown on opposition elements across the country.
Rising from its meeting, last Saturday, in Abuja, where members discussed issues on the state of the nation, particularly the clampdown on opposition and dissenting voices, the PDP stated that it was taking the pains to alerts Nigerians because of the dare consequences such government policy could have on the nation’s democracy, peace and economic development of the country.
A statement issued by the party in Abuja, said, “The PDP alerts all Nigerians that the All Progressives Congress (APC) and its Federal Government have commenced a vicious and direct clampdown of major opposition leaders, perceived political opponents and individuals with interests and views that are divergent to those of their Presidential aspirant, perhaps, candidate, President Muhammadu Buhari, ahead of the 2019 general elections.
“The clampdown is tailored to silence opposition as well as those who refused to join or support the APC in their unlawful design to emasculate other political parties, undermine our laws and electoral system, foist a one-party state and perpetuate their incompetent, dysfunctional and anti-people rule on our nation.
“It is instructive to inform that our leaders, particularly, our National Chairman, Prince Uche Secondus, have been receiving threats since the PDP filed a petition to the United Nations and the Commonwealth of Nations, detailing documented threats to democracy by the APC and its Federal Government, abuse of human rights, mass killings, extra-judicial executions, persecution of opposition and unabated constitutional violations.
“The PDP is aware of clandestine plots against key opposition leaders, particularly, members of the PDP National Working Committee, some dissenting members of the APC, members of the civil society, opinion leaders, journalists and bloggers, who refuse to succumb to intimidation and that such persons have already been listed and currently being trailed by agents of the state.
“This has become manifest in the plot to rope members of ‘nPDP’, especially those in the National Assembly, into gun-running and murder charges just because they came out to voice their opposition to the APC government’s constitutional violations and executive brigandage in the running of our nation’s affairs.
“The PDP wants Nigerians and the international community to know those to hold responsible should PDP leaders, as well as other members of the opposition start falling victims of untoward situations like assassinations, unexplained accidents, inexplicable ‘armed robbery’ attacks, high profile abduction and sudden disappearances.
“These include wanton arrest, manhandling and detention of opposition leaders on trumped-up charges, as well as illegal invasion of their homes and businesses by agents of the state.
“Apart from allegations of corruption, there are also plots to clamp down and detain opposition leaders for charges bordering on treason and the PDP is also aware that some compromised judicial officers have been enlisted to give convictions and jail members of opposition as well as dissenting voices, on flimsy grounds.
“Moreover, we know that the APC is fixated with the PDP because of the renewed popularity of our party among Nigerians, as the inevitable vehicle to return power to the people, restore democracy, national cohesion and safeguard our territorial integrity, come 2019.
“The PDP’s response to all these plots is that we are not cowed. Nigeria belongs to all of us and our laws on political engagements are very clear. The PDP, as a party committed to democracy and freedom will continue to uphold the inalienable rights of our citizens to free speech, political association and to politically aspire to any position in the land, including the Presidency.
“Our party, therefore, urges all Nigerians to be alert, united and remain resolute in their decision to collectively defend our democracy and its tenets, constitutionally guaranteed personal freedom and the rule of law in our nation,” the PDP added.
Similarly, some elder statesmen in the country have urged President Muhammadu Buhari not to seek a second term in 2019.
The leaders from different parts of the country gave various reasons for advising Buhari not to seek re-election in separate interviews with newsmen, last Saturday.
A former governor of the old Anambra State, Chief Chukwuemeka Ezeife, said age was no longer on the side of the President, adding that the stress associated with his office was already having negative effects on his health.
Ezeife, who noted that he was opposed to Buhari’s election as President in 2015, prayed that God would change his (Buhari’s) heart to dump the second-term bid.
He said, “Let us pray so that God would stop Buhari from talking about a second-term and instead, begin a six-month emergency restructuring of Nigeria.
“It is not a matter of whether he is fit or qualified, age is important. He claims to be 75, he may be 82. Even at 75, he is too old to be in that office.
“The second consideration is his comprehensive failure in the first term. If you recorded a failure like that, why do you want to seek a second term?”
Also, the Chairman of the Northern Elders’ Council, Alhaji Tanko Yakasai, said he had never supported Buhari to become President of Nigeria.
Yakasai said, “Buhari and his party (All Progressives Congress) were not prepared to rule Nigeria in the first instance. Therefore, in my opinion, he should not have contested at all.”
Similarly, a former minister of health, Prof. A. B. C. Nwosu, noted that as a founding member of the Peoples Democratic Party, he would never have supported Buhari to be Nigeria’s President.
Nwosu, who is a member of the Ohanaeze Ndigbo, said, “It is his (Buhari’s) constitutional right to seek any office just like anybody else. We need to organise ourselves to provide an alternative with a clear set objective that will make life better for Nigerians.”
Meanwhile, self-acclaimed spiritualist and leader of Divine Intelligence Ministry, Prophet George Fakolade, last Saturday warned President Muhammadu Buhari, to stop further activities towards his re-election in 2019, saying the second term bid was ill-fated.
Fakolade, who spoke to newsmen in Abuja, said there would be fatal consequences, if President Buhari does not retract and rescind his public declaration to run for a second term in office.
He said: “There is a very serious warning for the All Progressives Congress (APC) and the incumbent President Muhammadu Buhari over his ill-fated ambition for a second term as president in 2019.
“President Buhari must retract, rescind, and withdraw his decision to seek a second term, and apologise to all Nigerians or else, history shall repeat itself on him with fatal consequences and many calamities”.
“He has been weighed on the balance and found wanting. All Nigerians should be on red alert as President Buhari’s public declaration to run again in 2019 at the APC National Executive Committee Meeting was an act of arrogance that will end in a fatal manner,” he warned.
The man of God had earlier predicted that there would be a 2015 change of government in Nigeria; a Dr Goodluck Jonathan takeover of government from late President Musa Yar’Adua; a Presidential election victory for Barack Obama in 2008; and the demise of late military Head of State, Gen Sani Abacha, in 1998.
Featured
Rivers Assembly Approves Fubara’s 2026–2028 MTEF
The Rivers State House of Assembly has approved the 2026–2028 Medium Term Expenditure Framework (MTEF) submitted by Governor Siminalayi Fubara.
This reaffirms the lawmakers’ commitment to enacting laws and taking legislative actions geared towards the overall development of the State.
The Assembly gave the approval during its Second Legislative Sitting of the Fourth Session held last Friday.
Speaking on the MTEF document during plenary, the House Speaker, Rt. Hon. Martin Amaewhule, noted that by the provision of Section 10(1)(b) of the Rivers State Fiscal Responsibility Law No. 8 of 2010, the MTEF ought to have been laid before the House in September 2025.
Amaewhule explained that traditionally, the document is expected to be presented four months before the commencement of the next financial year and immediately after the expiration of every three-year fiscal cycle.
He, however, stated that in the interest of the State and its people, the House considered it necessary to deliberate on the document, describing it as a precursor to the 2026 Budget Estimates.
The Speaker expressed concern that the year had already progressed significantly before the presentation of the framework.
During deliberations on the document, members examined the assumptions and projections contained in the MTEF and observed that strict adherence to the outlined fiscal parameters would ultimately serve the interest of Rivers people.
The lawmakers maintained that effective implementation of the framework would promote prudent financial management and enhance developmental planning across the State.
Following the debate and positive consideration by members, the Speaker put the question to the House and members voted overwhelmingly in support of the approval of the MTEF.
Meanwhile, during the same sitting last Friday, the House also received a petition from the Chairman of Obio/Akpor Local Government Council, Dr. Gift Worlu.
The petition was presented by the member representing Obio/Akpor Constituency II, Hon. Emilia Amadi.
According to the petition, concerns were raised over an imminent security breach, threats to lives, destruction of property and alleged forceful takeover of property by some lawless persons within parts of the Local Government Area.
Presenting the petition before the House, Hon. Amadi appealed to the lawmakers to revisit the matter and take necessary steps aimed at safeguarding lives and property in the affected communities.
The House is expected to further deliberate on the petition and consider measures to address the concerns raised in order to sustain peace and security in the area.
King Onunwor
News
Fubara Reaffirms Commitment To Blue Economy, Private Sector Growth …Calls For Protection Of Marine Resources
The Rivers State Government has reaffirmed its commitment towards fostering private sector-driven economic growth and harnessing the vast opportunities within the blue economy to drive national development.
Rivers State Governor, Sir Siminalayi Fubara, made this known during the opening ceremony of the 2026 Annual General Meeting and Conference of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), held in Port Harcourt, last Thursday.
Represented by his deputy, Prof. Ngozi Odu, Governor Fubara described the conference theme, “The Gulf of Guinea and Blue Economy: Pathways to Trade, Investment and Security Towards a $1 Trillion Economy,” as both timely and strategic.
?
?The governor welcomed the leadership of NACCIMA, delegates from the 115 Chambers of Commerce across Nigeria, members of the diplomatic corps, captains of industry, investors, and other distinguished guests to Rivers State.
?
?He commended the National President of NACCIMA, Engr. Jani Ibrahim, for choosing Rivers State as the host of the 2026 conference, noting that the decision had drawn national attention to the immense economic opportunities embedded in the blue economy.
?
?Fubara stated that the blue economy possesses the capacity to generate revenue that could surpass earnings from the oil and gas sector if properly developed and managed.
?
?He stressed the need for Nigeria and other countries along the Gulf of Guinea to take deliberate steps toward maximizing the benefits of their maritime resources while guarding against the continued exploitation of coastal assets by foreign operators.
?
?Expressing concern over the activities of foreign fishing trawlers operating in Nigerian waters, the governor noted that many harvest seafood resources without making meaningful economic contributions to the country.
?
?He emphasized the need for stronger monitoring mechanisms and enhanced protection of Nigeria’s marine resources.
?
?”We must wake up and hit the ground running. If we do not capitalize on and utilize our blue economy, other nations will utilize it for us,” he stated.
?
?The governor thanked NACCIMA for what he described as a timely wake-up call on the importance of the blue economy and maritime security, adding that the successful hosting of the conference in Rivers State demonstrates the state’s safety, hospitality, and readiness for business and investment.
?
?Earlier in his remarks, the President of NACCIMA, Engr. Jani Ibrahim, expressed appreciation to the Rivers State Government for hosting the 66th Annual General Conference of the Association and for the warm reception accorded delegates.
?
?He noted that the state’s commitment to hosting the conference reflects its readiness for business and has helped restore investors’ confidence in its economic potential.
?
?According to him, NACCIMA highly values the cordial relationship between the Rivers State Government and the organized private sector, emphasizing that the association remains the foremost voice of the Nigerian business community.
?
?In her welcome address, the President of the Port Harcourt Chamber of Commerce, Industry, Mines and Agriculture (PHCCIMA), Dr. Chinyere Nwoga, described the conference as a historic milestone, noting that it was the first time in the Chamber’s 66-year history that it was hosting the national body of NACCIMA.
Nwoga commended the national leadership for entrusting PHCCIMA with the hosting rights and pledged the Chamber’s continued commitment to advancing the objectives of the association and promoting sustainable economic growth through private sector engagement.
News
Fubara Seals Off Collapsed Building Site, Orders Investigation
Rivers State Governor, Sir Siminalayi Fubara, has ordered a complete seal-off of the site of a five-storey building which collapsed last Wednesday, killing one person and injuring several others in Port Harcourt.
Fubara gave the order during his visit to the site of the collapsed building last Thursday to assess the situation.
He said the site will remain “completely sealed off” until the government gets to the “root cause” of the incident.
He described the incident as unfortunate but observed that preliminary investigation had shown that the developer had earlier refused to subject his site to inspection by the state authorities and comply with the necessary building regulations.
The governor, who inspected the site alongside the Commissioner for Physical Planning and Urban Development, Sir Amairigha Edward Hart, and the Permanent Secretary of the Ministry of Special Duties, Dabite Sokari George, explained that he couldn’t visit the site the previous day because he was awaiting formal briefing from the relevant agency of government on the situation.
“We’re here to see for ourselves the very unfortunate incident that took place here. I didn’t come yesterday because I wanted to get the report first, and the Commissioner did brief me that the incident site, first, is not as claimed by the developer, that it’s not under the jurisdiction of the state; that it’s under the jurisdiction of the Federal Housing Authority.
“He also informed me that when the project was ongoing, they came here severally to inspect what was happening and also to see the level of compliance. But unfortunately, that the developer kept claiming that we don’t have any right to interfere,” he said.
Fubara said that the issue was no longer about interference but about the life lost to the building collapse and the collateral damage brought upon the family of the deceased.
He extended condolences to the families of the victims, insisting that the incident could have been avoided if the developer had complied with the rules guiding the engineering design and construction of such a structure in the 21st century.
“We feel very sorry and very regretful that such an incident should be happening in this 21st century because technology has advanced, engineering has developed. I wonder what kind of engineer would even allow this kind of project to go on when everything about it from inception has been faulty.
“I think that at this point, nothing is going to happen on this site any more. We are going to make sure that this place is completely sealed off until we get to the root cause of this incident,” the governor said.
-
Rivers1 day ago
Rivers Police Uncovers Firearm Concealed In Loaf Of Bread
-
Niger Delta1 day agoPro-Chancellor Hands Over Okey Onuchuku Peace, Conflict Institute Building
-
News1 day agoFubara Reaffirms Commitment To Blue Economy, Private Sector Growth …Calls For Protection Of Marine Resources
-
Sports1 day ago
Six Nigerians To Play For NBA Teams
-
Business1 day ago
Gas Economy: Decade of Gas, Pi-CNG/ EV Deepen Media Engagement
-
Business1 day ago
Navy Nabs 13 Black Sand Miners In Bayelsa –Impound Two Boats
-
Business1 day agoIPMAN Raises Concern Over Delay In Chinese Refinery Deal …Predicts Lower Fuel Prices Through Competition
-
Sports1 day ago
NPFL Warns Newly Promoted Clubs
