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N6bn Confab Fund: Stop Lying, PDP Tells APC …As Secondus Declares Nigeria Police State

The Peoples Democratic Party (PDP) has accused the All Progressives Congress (APC) of lying to Nigerians on financial contributions for the latter’s coming congress.
The opposition party in a statement yesterday accused the APC of diverting N6 billion meant for the development of states under its control to finance the ruling party’s forthcoming national convention.
It was reported how 24 APC governors were asked to contribute N6 billion at N250 million each towards the convention.
The APC, in a statement, however claimed in a statement that the governors were only asked to pay their dues which some of them had defaulted on.
According to the APC, the governors were requested to pay up, especially in view of upcoming party activities.
The PDP would, however, have none of that excuse.
“APC is corrupt. Our investigation reveals that many of the APC governors are being coerced under the orders of the presidency and the leadership of the party to move in huge sums of money in cash into the APC coffers, bulk of which have already been frittered away by corrupt leaders in the party and agents of the presidency,” the opposition party said.
“More saddening is that the money is being pulled from funds derived from federal bailouts and other monies budgeted for critical development projects in various communities, many of which have now been stalled, leaving the people deprived and impoverished.
“It is appalling that this is the same party and administration that have been accusing others of corruption and publishing fabricated ‘looters’ lists’ just to deceive Nigerians and divert public attention from their sleazes.”
“PDP therefore challenges the APC to publish the names of the governors, ministers and other APC political office holders, who it claims have already brought in money as well as inform the nation on why they are moving the money in cash contrary to financial regulations, if the source is not proceeds of corrupt activities.
“Up till now, the APC and President Buhari, even in their self-acclaimed transparency and integrity, have refused to open up on the source of funds for their very expensive 2015 presidential campaign, which have been revealed to have been stolen from states under their control. This time, they are again coercing governors to steal money meant for development and payment of salaries to finance their 2019 campaign.”
The party also alleged that the APC plans to take N14 billion from government coffers.
“What many Nigerians are yet to know is that the APC actually plans to rake in a total of N14 billion from government coffers, out of which it has already planned to procure expensive cars for their national officers as well as share to their leaders close to President Buhari.
“Our inquest shows that the N671 million recently reported to have been stolen from APC account by some national officers who allegedly moved the sum to their private accounts is linked to diverted public funds. There is documentary evidence and the APC has failed to offer explanations to Nigeria on that.
“The APC reeks and is completely guilty as it reasonably ought to have known that the funds it has been receiving form part of illegal activities of government officials who have been diverting funds from states and government agencies, particularly the Nigeria National Petroleum Corporation and the National Health Insurance Scheme (NHIS) to fund the wasteful lifestyle of their party leaders and the 2019 re-election bid.”
Meanwhile, The National Chairman of the Peoples Democratic Party (PDP), Prince Uche Secondus has said that President Muhammadu Buhari has left his country in a police state as he travels to the United States on image laundry.
Secondus, who decried the increasing intolerance and clampdown on those with opposing views from that of the President and the ruling party, warned that the situation was capable of truncating democracy.
Reviewing the activities in the nation’s polity lately as it pertains to the harassment of persons with dissenting voice on issues, Secondus said that the ruling government, aware of its underwhelming performance in governance and the accompanying consequences, has resorted to some anti-democratic antics.
In a statement signed by his media aide, ike Abonyi, Secondus said that it was now dangerous and risky to hold views that were at variance with those of the ruling establishment.
He said that the on-going clampdown on persons not in agreement with their views either in the opposition party or within the APC fold was a clear evidence of the desperation of the government to suppress free speech and association, which were indispensable requirements for democracy to flourish.
“Legislators are not safe, judges are living and working in fear, media are being harassed, security agencies have all become tools of oppression for government, and dictatorial signs are all over the place threatening our democracy.
“Their intention is clear, to intimidate and frighten people from saying the truth, but they will never succeed because the huge sacrifice made to bring this democracy to this level by Nigerians would not go in vain.
“If governance in a democracy is associated with delivery of dividends, and after three years, you have nothing to show, no amount of aggressive pressure and bullying will save such government in the hands of the voters.
“Democracy provides for a day of reckoning when we leaders must return to the people to renew our mandate, that hour has come, and only a government that has nothing to show can resort to intimidation and harassment of those telling them the truth,” Secondus stated.
The PDP national chairman, therefore, called on “the international community, particularly the United States and all agents of democracy, to note all the anti-democratic indices in Nigeria, and be on alert because the motive is clear: to truncate democracy, if the people reject them at the polls.
News
Tinubu Orders Security Chiefs To Restore Peace In Plateau, Benue, Borno

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

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
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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