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Rivers 2019: Beyond A Fallen Godfather’s Dictatorial Politics

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Don’t be deceived by the antics of the fallen political godfather. 2019 in Rivers State will not be determined by the “follow-follow” use of ill-gotten state funds to coerce a few lieutenants into accepting a pliant godson.
This was tried in 2015 with  the unilateral introduction of Dakuku Peterside against the wishes of Rivers people who needed a performer to clean up the mess of Rotimi Amaechi who owed four  months salary arrears and six months pension arrears including countless abandoned projects.
It was on that premise that Rivers people preferred the politics of unity, recovery and development, to that of zoning/upland and riverine dichotomy.
It is very important to recall that as an outgoing governor cum godfather, Rotimi Amaechi printed just one APC Governorship Form which  was sold to Dakuku Peterside.  This act of dictatorship buried the aspiration of Senator Magnus Abe and others who indicated interest in seeking that office.
The reason for nominating Dakuku Peterside was simple. He had been a failed commissioner of works, with obvious reasons to protect Amaechi who awarded contracts , paid monies and abandoned them. In other words, he would cover  Amaechi’s tracks.
Fast Forward to 2018, the fallen godfather, I am informed, has dropped Dakuku Peterside in favour of another godson. The reason for the swap is similar to that of 2014. It is all about protecting the godfather’s economic interests. That is why a Rivers APC faction settled for the person touted in their respective social media platforms.
The preferred godson is Amaechi’s business partner who bought the state’s power plants. It is known to the public that the funds that accrued from  the sale of Rivers Assets to Sahara Energy were diverted for the alleged sponsorship of APC National Campaign in 2014/2015.
The sum of $302,960.000.00 was paid for the acquisition of the Omoku (150 megawatts), Trans Amadi (136 megawatts), Afam (180 megawatts) and Eleme (75 megawatts) gas turbines by NG Power HPS Limited, an affiliate of Sahara Energy Resources Limited. The failed Amaechi administration before Governor Wike took over the leadership of the state withdrew the entire funds for personal reasons.
Worried by the diversion of Rivers funds, the State Government set up the Justice George Omereji- led Rivers State Judicial Commission of Inquiry, established  to investigate the sale of state assets. The commission indicted the former Rivers State Governor and other close associates.
The former Rivers State Governor challenged the setting up of the commission at the High Court and Court of Appeal.  He lost. He is now at the Supreme Court.
Since then, the Rivers State Government has issued a white paper on the findings of the Justice George Omereji Judicial Commission of Inquiry.
“The commission finds as a fact that the sale of 70 percent equity from the First Independent Power Limited in Omoku gas turbine, Trans-Amadi gas turbine, Afam Phase I gas turbine and Eleme gas turbine, have been very difficult to justify. They have therefoe recommended the review of sale of the power assets and the government of Rivers State has accepted that recommendation.
“Refund of proceeds by Rotimi Amaechi, Chamberlain Peterside, and Augustine Nwokocha. In furtherance of these findings that the sale of the four gas turbines was unjustifiable and against the interest of the government and people of Rivers State.
“The commission recommends that the former governor of Rivers State, Rt. Hon Rotimi Amaechi, along with his former Commissioners for Finance and Power , Dr Chamberlain Peterside and Augustine Nwokocha, respectively, should be held to account for their roles in the sales of the power generation assets of First Independent Power Limited and the disbursement of the proceeds there from.
“Government accepts this recommendation and directs the Office of the Honorable Attorney-General and Commissioner for Justice, to promptly set in motion the appropriate machinery for the recovery of the proceeds of the sale of the gas turbines from the former governor, Rotimi Amaechi, and every other person implicated in the commission’s report,” the Rivers State Government declared in a white paper .Issues related to the arrest and prosecution of the former Rivers State Governor have been stalled by legal bottlenecks.  But the former Rivers State Governor is fighting hard  to extricate himself from the logjam through the sponsorship of an involved political godson.
If the posts and tweets of Amaechi’s in-house factional supporters are true on his choice of his Sahara Energy business associate, then, one is safe  to declare that it is all about self preservation.
Preservation from prosecution and preservation from being swindled of funds invested in anti-Rivers transactions. Which ever way he goes, this permutation will fail like it did  in 2015. Rivers people will not be swayed by the gospel of dichotomy being preached by a godfather to save himself from self-inflicted economic and political woes.
Rivers State is bigger than an annointing meeting  in the parlour of a failed godfather. The state is way beyond the private decision of a politician who believes that his personal interest supercedes that of the state.
In 2019, the people of Rivers State will make  a choice on who will lead them till 2023. That decision is not to be made by one man, neither would it be made by one ethnic  nationality  or a section of the non-indigenes living in  the state. Like in 2015, it would  be a collective decision.
The people  jettisoned Amaechi in 2015 because he thought that he could impose just anybody on them after mis-managing and embezzling state funds. He imagined that he would intimidate the people with his choice after betraying them.
Three years after, the story has not changed.  As a Minister of the Federal Republic, Amaechi has failed Rivers people. He has refused to attract a single project to the state. He has taken sides with other regions and de-marketed Rivers State.  But with the election circle round the corner, Amaechi brings out his annointing oil. Expectedly, he annoints his business partner.
As we await the two factions of Rivers APC to present their candidate  for the 2019 governorship elections, it is right to state unequivocally that Rivers State remains PDP, with the people totally in support of their workaholic governor, the nation’s Mr Projects and the leader of pro-people governance.
The march towards political greatness for Rivers State started in 2015 and it will be consolidated in 2019. Power belongs to the people and the people from all the 23 LGAs have endorsed Governor Wike. Remember, the voice of the people is the voice of God.
However, this is democracy. The micro-minority will still have their say, in the form of Amaechi’s sitting room annointing, but Rivers people will have their way by re-electing Governor Wike.  This is not a time to allow traders to sell the blessing of Rivers State the way they sold Rivers assets and pocketed the proceeds.
Nwakaudu is Special Assistant to Rivers State Governor on Electronic Media

 

Simeon Nwakaudu

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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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