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…Obuah, Emeh Blast Rivers APC, Dakuku

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The Rivers State Chairman of the Peoples Democratic Party (PDP), Bro. Felix Obuah says that the party views the comments made by the defeated candidate of the All Progressives Congress (APC) in the 2015 Governorship Election in the state, Dr. Dakuku Peterside, against Governor Nyesom Wike regarding the unclaimed $43million saga, as the ranting of a psychopath, occasioned by convulsive attacks that come in gasps as a result of his indulgence in cultism.
Obuah, in a statement, said the party could have ordinarily ignored Dakuku’s vituperations against Wike but chose to respond so that Rivers people would understand the underlying motive of Dakuku’s ill-motivated action.
Believing that Rivers people are better informed and too sophisticated to be fooled by Dakuku’s lies against Wike, Obuah stated that one reason behind Dakuku’s sustained insults was the humiliation he suffered at the 2015 polls, adding that the defeated politician was still nursing the wound of the loss two years after.
Obuah regretted that rather than provide facts to show that the house in question does not belong to Chibuike Rotimi Amaechi or that the money found therein were not part of proceeds Rivers State Government realized from sale of its gas turbines, Dakuku was busy regaling in concocted lies to please his master.
“If Dakuku Peterside thinks that the only way to showcase his loyalty to Amaechi is to launch insults against Wike, then he may have lost his senses because even his master, has a lot of respect for Wike for outclassing him in leadership and achievements. Good a thing, while he is busy unleashing insults against Wike, the governor is busy executing mind-blowing projects,” Obuah declared.
“The PDP, however, is not surprised at these unsubstantiated actions of Dakuku. What else do you expect from a man who was a cultist and carried on in a most horrendous and horrific manner! He needs psychiatric treatment,” Obuah stated.
Obuah also berated Dakuku Peterside over his comments that Wike is a ‘self-styled Mr. Project’, stating that the title was given to the governor by no less a personality than the Vice President, Prof. Yemi Osibanjo, who during his recent visit to the state, was stunned at the magnitude and quality of projects executed and commissioned by Wike.
Similarly,  the PDP has said that the Press Release issued by the  All Progressives Congress, (APC), in Rivers State  in reaction to the comment of the  Rivers State Governor, Chief Nyesom Wike, that the  $43.3 million recovered in a private residence in Ikoyi, Lagos State, belongs to Rivers State Government and should be returned to the state,  has given the party away as interlopers in the matter.
This was the position of former Chief of Staff, Rivers State Government House,  Chief Emeh Glory Emeh, who was speaking  with newsmen in Port Harcourt last Monday. Emeh maintained that the APC was hasty in intruding  into what can be described as the domestic freedom of an individual when the APC was not an accused in the matter.
Hear him: “ I had resisted making comments on this matter since six days ago. Journalists continue to harass my phone, demanding my opinion on the discovery of a whopping $43million,  as well as money in other currencies in a private residence in Lagos.
“My resistance is based on the fact that the Rivers State Governor, Chief Nyesom Wike was unequivocal on the fact that the money belongs to Rivers State, and as an advocate for the good people of the State he is better placed and more positioned to speak on our behalf which he has done, and the good people of Rivers State are solidly behind him.
“But I am compelled to respond to your telephone calls on this when my  attention was drawn  to the Press Release signed by APC Chairman in Rivers State, Dr Davies Ikanya,  which gave the impression that he was reacting to the subject matter. As a lawyer, I felt concerned and amazed that persons or group of persons, or organisations who are not a party to a matter can dabble into it. In law, such  person or persons will be  seen as an interloper, or put it the other way, a busy body.
“In addition, I became more curious when I also read a reaction from both the Director General of NIMASA,  Dakuku Peterside,  and APC Publicity Secretary in Rivers State, Chris Finebone,   defending the character alleged to be involved in the $43 million saga. This is because,  it is not possible, no matter how close one may be to a member of a party, club or association that you will know every thing about the fellow, including his private and business life.One continues to wonder why it is difficult for Amaechi to speak out, at least, to save both his time and  speculations from the public than to allow these interlopers to fall over each other for what they don’t have idea about except they can tell that they do.
“It can amount to attempt to cover up by  these persons or bodies who cannot claim to have sufficient information on the subject matter under discussion,  to jump into conclusion as per the ownership of the funds.
He clarified that Wike’s allegation was based on the fact that the money is from the sale of Rivers State owned gas turbines at over $309 million and that the said money was found in the house alleged to belong to the former Governor of Rivers state, Rt. Hon. Chibuike Amaechi, presently minister of transportation.
Emeh further stressed Wike’s request that the Federal Government should set up an inquiry to unravel who owns the building or flat where the money was found, and who is the tenant including the relationship between the tenant and the landlord.
“ Governor Wike believes that it is only when these are done that the shady transaction and recovery would be clear to Nigerians.
“In a natural progression, therefore,  it would appear that the only person who has both the legal, moral and equitable responsibility to throw more light on this is the accused himself, who in this case is Rt.  Hon. Chibuike Amaechi, and certainly  not the party, not Dakuku  Peterside; not Chris Finebone; and not any other person for that matter,  as any of these persons would be regarded as an interloper.  That is my belief, and this certainly is not debatable”, the former commissioner for transport in Rivers State, concluded.

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Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

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President Bola Tinubu has ordered a security outreach to the hotbeds of recent killings in Plateau, Benue and Borno States, to restore peace to areas wracked by mass killings and bomb attacks.
National Security Adviser, Nuhu Ribadu, disclosed this to State House correspondents after a four-hour security briefing with the President at the Aso Rock Villa, Abuja on Wednesday.
“We listened and we took instructions from him. We got new directives…to go meet with the political authorities there,” Ribadu told reporters, adding that Tinubu directed them to engage state-level authorities in the worst-hit regions.
Director-General, National Intelligence Agency, Mohammed Mohammed; Chief Defence Intelligence of the Nigerian Army, Gen. Emmanuel Undianeye; Director-General, Department of State Services, Oluwatosin Ajayi and Chief of Staff to the President, Femi Gbajabiamila, appeared for the briefing.
The Tide’s source reports that in Plateau State, inter-communal violence between predominantly Christian farmers and nomadic herders spiralled into gory slaughter when gunmen stormed Zikke village in Bassa Local Government early on April 14, killing at least 51 people and razing homes in a single night.
In Benue, at least 56 people were killed in Logo and Gbagir after twin assaults blamed on armed herders.
Meanwhile, in Borno State, eight passengers perished and scores were injured when an improvised explosive device ripped through a bus on the Damboa–Maiduguri highway on April 12.
Ribadu explained that after an extensive briefing, intelligence chiefs received fresh instructions to restore peace, security and stability across Nigeria.
“In particular, Tinubu had ordered immediate outreach to the political authorities in Plateau, Benue and Borno States, and the defence team had gone round those States to carry out his directives and report back.
“We gave him an update on what has been the case and what is going on, and even when he was out there, before coming back, he was constantly in touch. He was giving directives. He was following developments, and we, in charge of the security, got the opportunity today to come and brief him properly for hours. And it was exhaustive.
“We listened and we took instructions from him. We got new directives. The fact is, Mr. President is insisting and working so hard to ensure that we have peace, security and stability in our country. We gave him an update on what is going on, and we also assured him that work is ongoing and continues.
“We also carried out his instructions. We went round, the chiefs were all out where we had these incidents of insecurity in Plateau State, Benue State, even Borno, these particular three states, and we gave him feedback, because he directed us to go meet with the political authorities there,” the NSA explained.
Ribadu described Tinubu as “worried and concerned,” and said he directed that all security arms be deployed around the clock.
The government, he added, believes these steps have already produced measurable improvements, even if the situation is not yet 100 per cent safe and secure.
“He’s so worried and concerned, he insisted that enough is enough, and we are working and to ensure that we restore peace and security and all of us are there. The armed forces are there, the Civil Police, intelligence communities, they are there.
“They are working there 24 hours, and we feel that we have done enough to believe that we are on the right course, and we’ll be able to be on top of things,” Ribadu stated.
The NSA emphasised that combating insecurity was not solely a Federal Government responsibility.
He stated, “The issue of insecurity often is not just for the government. It involves the subunits. They are the ones who are directly with the people, especially if some of the challenges are more or less bordering on community problems.
“Not entirely everything is that, but of course it also plays a significant role. You need to work with the communities, the local governments, and the governors, especially the governors.
“The President will continue to direct that. We should be doing that, and that’s what we are able to. We are very happy and very satisfied with the instructions and directives given by Mr. President this evening.”
In Borno State, the NSA noted that while violence had surged in recent months, the insurgents refused to accept defeat.
He warned that most recent casualties there resulted from improvised explosive devices—”cowardly” IED attacks targeting civilians—and from opportunistic raids that follow any lull in fighting.
“We are getting the cooperation of the leadership at the state level, and everybody. It’s not 100 per cent…but we are going there.
“When you are having peace and you are beginning to get used to it, if one bad incident happens, you forget the periods that you enjoyed peacefully,” he added.
He paid tribute to the “many who do not sleep, who walk throughout, who do not go for any break or holiday”—the soldiers, police and intelligence officers whose sacrifices have created the fragile calm Nigerians now experience.
“They will continue to be there,” he said, adding, “Things have changed in this country…we are on the right track and we will not relent. We will not sit down; we will not stop until we are able to achieve results.”

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FG Laments Low Patronage Of Made-In-Nigeria Products

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A Federal Government agency – the National Agency for Science and Engineering Infrastructure, has decried the low patronage of Nigerian-made products by Nigerians.
The agency identified some challenges leading to the low patronage of the local products as affordability and public perception, among others.
Speaking during a stakeholders meeting organised by the agency in Akure, Ondo State capital, yesterday, the Deputy Director of Engineering at NASENI, Mr Joseph Alasoluyi, said Nigerians preferred buying foreign goods compared to local goods.
Alasoluyi, however disclosed that the agency had trained over 50 participants in the production of hand-made products, in a bid to ensure Nigeria-made products are patronised.
He explained that NASENI was set up to promote science, technology, and engineering as a foundation for Nigeria’s development and currently operates 12 institutes nationwide to achieve its objectives.
According to him, the aim of President Bola Tinubu, who is also the overall chairman of NASENI, was to ensure high production and patronage of “our local products thereby creating employment opportunities for many.”
He said, “The idea of this programme is to interface to ensure we produce products using our indigenous technology. This is what NASENI is out for, to ensure that homegrown technologies are encouraged.
“We are out there to ensure we integrate efforts to ensure that local technology is used to develop products within the resources we have.
“ The NASENI’s ‘3 Cs’ – Creation, Collaboration, and Commercialisation – that define NASENI’s strategic mandate: Creating innovations through research, Collaborating with partners to develop and refine products, and Commercialising these solutions to benefit the economy.
“Our achievements include the development of solar irrigation systems, CNG conversion centres, building machines capable of producing up to 1,000 blocks per hour, 10-inch tablets, locally made laptops, and electric tricycles (Keke Napep) set for market launch.”
In his remarks, the Deputy Vice Chancellor of the Federal University of Technology, Akure, Prof. Samuel Oluyamo, blamed the Federal Government for not properly funding research in the varsities, also noting that many research outputs were left halfway due to lack of funding and weak linkages between research institutions and industry.
Oluyamo also queried the Federal Government’s commitment to funding research and development, saying many academic innovations remained on the shelve due to a lack of support for commercialisation and poor infrastructure.
“Until we upscale research into mass production, technological growth will remain elusive. The government is not funding research in the universities enough. Thank God for TETfund that is trying in this regime. The major interest in beefing up research in universities and research institutions is really not there,” he said.

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Nigeria Seeks Return To JP Morgan Bond Index

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The Director-General of the Debt Management Office, Patience Oniha, has said that Nigeria is in advanced discussions with JP Morgan to re-enter the Government Bond Index and renew investors’ confidence.
Oniha disclosed this on Wednesday at a Nigerian Investors’ Forum on the sidelines of the World Bank and International Monetary Fund Spring Meetings in Washington, D.C.
The DMO boss explained that Nigeria has enjoyed favourable credit assessment among rating agencies in recent times on the back of the sweeping reforms initiated by the Central Bank of Nigeria.
Fitch Ratings recently upgraded the Long-Term Issuer Default Ratings of seven Nigerian banks and two bank holding companies to ‘B’ from ‘B-‘, noting that the outlooks are Stable.
The affected issuers are Access Bank Plc, Zenith Bank Plc, United Bank for Africa Plc, Guaranty Trust Bank Limited, Guaranty Trust Holding Company Plc, First HoldCo Plc, First Bank of Nigeria Ltd, Fidelity Bank Plc and Bank of Industry Limited.
The upgrades of the Long-Term IDRs of the banks followed the recent sovereign upgrade and reflect Fitch’s view that Nigeria’s sovereign credit profile has become less of a constraint on the issuers’ standalone creditworthiness, the rating agency said.
Fitch also upgraded Nigeria’s Long-Term IDRs to ‘B’ from ‘B-‘ on 11 April, a decision that reflected increased confidence in the government’s broad commitment to policy reforms implemented since its move to orthodox economic policies in June 2023, including exchange rate liberalisation, monetary policy tightening and steps to end deficit monetisation and remove fuel subsidies.
“These have improved policy coherence and credibility and reduced economic distortions and near-term risks to macroeconomic stability, enhancing resilience in the context of persistent domestic challenges and heightened external risks,” Fitch said.
Nigeria was removed from the JP Morgan index in 2015 ostensibly due to its deviation from orthodox monetary policies and influence of capital control in its management of foreign exchange.
Principally due to reduction in oil revenues at the time, Nigeria introduced currency restrictions to defend the naira after it failed to halt a dangerous slide with burning of dollar reserves. The bank had earlier warned Nigeria to restore liquidity to its currency market in a way that allowed foreign investors tracking the index to conduct transactions with minimal hurdles.
“Foreign investors who track the GBI-EM series continue to face challenges and uncertainty while transacting in the naira due to the lack of a fully functional two-way FX market and limited transparency,” the bank said in a 2015 note.
Nigeria was listed in JP Morgan’s emerging government bond index in October 2012, after the Central Bank removed a requirement that foreign investors hold government bonds for a minimum of one year before exiting.
The JP Morgan Government Bond Index reflects investor confidence and opens doors to billions of investment flows, making Nigeria’s proposed re-entry a positive signal to the market and investors.
Oniha explained that talks with JP Morgan were ongoing and had gained momentum in recent times due to the stability created by the FX market reforms.
“With all the reforms that have taken place, particularly around FX, we have started engaging JP Morgan again to get back into the index. We think we are eligible now,” the DMO DG said.

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