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Calls For Sack Of Finance Minister, Zainab Ahmed Thickens As CBN Admits Printing Money

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Nigerians have joined the ongoing controversy surrounding the alleged printing of N60 billion by the Central Bank of Nigeria (CBN) to support the federal allocation to the three tiers of government for the month of March, 2021, calling on the Federal Government to come out clean by telling Nigerians, not just if it indeed printed the money as alleged but also the real situation with the nation’s economy.

DAILY POST reports that Governor Godwin Obaseki of Edo State kick-started the controversy, when he alleged, during the Edo transition committee stakeholders engagement in Benin, that the Federal Government had to print N60 billion to support allocation for the month of March.

The governor, who painted a grim picture of the economic situation in the country, said: “Nigeria has changed. The economy of Nigeria is not the same again whether we like it or not. Since the civil war, we have been managing, saying money is not our problem as long as we are pumping crude oil every day. So, we have run a very strange economy and strange presidential system where the local, state and federal government, at the end of the month, go and earn salaries. We are the only country in the world that does that.

“Everywhere else, the government relies on the people to produce taxes and that is what they use to run the local government, state and the federation. But with the way we run Nigeria, the country can go to sleep. At the end of the month, we just go to Abuja, collect money and we come back to spend. We are in trouble, huge financial trouble”, he said.

Not done, Obaseki, released the bomb that has continued to reverberate all over, when he said:“When we got FAAC for March, the Federal Government printed an additional N50-N60bn to top up for us to share. This April, we will go to Abuja and share. By the end of this year, our total borrowing is going to be within N15trn to N16trn.’’

This revelation has continued to upset many, including the Minister of Finance, Budget and National Planning, Zainab Ahmed and the Governor of the Central Bank of Nigeria, Godwin Emefiele, who both reacted but differently. While the finance minister outrightly denied printing of the said amount and insisted that whatever money was shared came from the country’s revenue, Emefiele tried to be smart by half, without completely admitting or denying but rationalizing such a hugely important national discourse.

In her response, the Minister, Ahmed said the claim by Obaseki was not just false but sad, insisting that the money being shared monthly at FAAC is revenue generated. “The issue that was raised by the Edo State Governor, for me, is very sad because it is not a fact.

“What we distribute at FAAC is a revenue that is generated and in fact, distribution revenue is a public information.

“We publish revenue generated by FIRS, the Customs and the NNPC and we distribute at FAAC.

“So, it is not true to say we printed money to distribute at FAAC. It is not true’, Zainab Ahmed said with a bold face.

However, standing by his claim, Obaseki called out the finance minister, accusing her of playing the Ostrich and the federal government of monetary rascality, in a series of tweets.

Obaseki tweeted: “While we do not want to join issues with the Federal Ministry of Finance, we believe it is our duty to offer useful advice for the benefit of our country.

“The Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed should rally Nigerians to stem the obvious fiscal slide facing our country.

“Rather than play the Ostrich, we urge the government to take urgent steps to end the current monetary rascality, so as to prevent the prevailing economic challenge from degenerating further.

“We believe it is imperative to approach the Nigerian project with all sense of responsibility and commitment and not play to the gallery because ultimately, time shall be the judge of us all.”

Emefiele, while trying to rationalise and justify the action of the government, ended up painting a grimmer picture of the state of the economy, even worse than Obaseki had done in his initial allegation.

According to the CBN Governor, it was the job of the CBN to print money and lend it to government, slamming the allegation by Obaseki, which he failed to deny, as “unfortunate and totally inappropriate”.

Insisting that printing is a key mandate of the apex bank, Emefiele said the bank must always act to support the government at times of ‘financial difficulties.’

He said: “If you understand the concept of printing of money. The concept printing of money is about lending money.

“That’s our job – to print. It’s about lending money and so there’s no need putting the controversy about printing of money as if we are going into the factory, printing the Naira and start distributing on the streets.

“For us to see some people playing some games, overheating the polity talking about printing of money, I think it is unfortunate and totally inappropriate. I would like to advise that this should stop. We should all work for the growth of our country and not play politics.

“It is very inappropriate for people to just give some colouration to the word ‘printing of money’ as if it is a foreign word coming from the sky.

“In 2015/2016, we were in a similar [fiscal] situation, but it is far worse today. We provided budget support facility to all the states of the country and that loan remains unpaid till now. We are going to insist on the states paying the loan back since they are effectively accusing us of giving them loans.

“Most countries of the world today are confronted by not just the health crisis from the COVID-19 pandemic but also economic crisis. I keep saying this: it would be irresponsible of the Central Bank of Nigeria or any Central Bank to stand idle and refuse to support its government at this time. Whatever we do in Nigeria is being done in any clime.

“Nigeria is unfortunately in a very bad situation and we cannot pretend about it in the sense that we are facing problems about productivity output which is gross domestic product (GDP). We are working very hard to see how we can get our heads above water. We are also concerned with issues of inflation.”

For Emefiele, printing of money to lend to government for sharing among the three tiers is not a new thing, as he alluded that it had been done in 2015/2016 when the situation was not this bad. He also said it is the same thing that is being done in other countries facing similar challenges.

The question most Nigerians are asking is why the finance minister, Zainab Ahmed denied the allegation. Most of them are worried as to Why she tried to cover up what will eventually become public knowledge with time.

For many Nigerians, Minister Ahmed’s denial only follows what the Nigerian government has been known for over the years; denying the obvious and painting the picture of an Eldorado that only exists in the minds of government officials and their spin doctors.

According to Oladele Bello, a banker and economic expert, what is happening is obvious, as the current government has tried hard to keep the real situation away from Nigerians, just to hoodwink citizens with fake reports of performance and reeling out numbers that only exist in their imaginations.

“This is not rocket science, the boat of government was rocked by the revelation by Governor Godwin Obaseki. I can tell you for free that they never expected that the printing of the money will become public knowledge, thereby, rocking the boat of the artificial image of performance and robust economy it had always laid claim to.

“The reality is that Nigeria is not just broke but the economy is already in shambles. Government is not generating enough revenue to keep up with what is needed, and they do not want to admit it. We are indeed in trouble with the insatiable appetite of this administration for loans, with those saddled with running the economy constantly telling us that the nation’s debt is still tolerable. How can the debt profile of a country that uses a huge chunk of its budget to service be tolerable? These people qualify to be called Voodoo economists!”, he said.

For Akintoba Olaore, a chartered accountant with an audit firm in the Ikeja area of Lagos, what the federal government did is indefensible, reeks of financial recklessness and portends greater danger for the nation.

Olaore said: “What government did through the CBN cannot be defended at all. It is better government opens up that the nation is in distress and we all will know what has come upon us. I do not think it is right hiding behind one finger, telling Nigerians all is well when nothing is actually well. That’s deception and it will not help this government or Nigerians.

“As it stands, what government has done is concealing the true position of the national economy from Nigerians. It is just like the management or board of a publicly quoted company concealing the true financial position of the company from shareholders. It is a major corporate infraction that can lead to the sacking of the board. Government needs to urgently give a full disclosure of the true situation of the state of the economy and stop living in denial.

“Also, government officials must know that their offices and positions are held in trust for the Nigerian people and they must be accountable to them at all times. The people are their employers and only them deserve their loyalties.”

Also, reacting to the controversy, the opposition Peoples Democratic Party (PDP), called for the sacking of the Finance Minister for attempting to cover up the printing of the money.

According to the PDP, the admission by the CBN Governor has vindicated it that the apex bank has been printing the nation’s currency at the behest of the Buhari administration and that the government under the APC has been characterized by “concealments, deceit, and falsehood”.

The party said in a statement by its spokesman, Kola Ologbondiyan on Friday: “Indeed, the admission by the CBN governor that “Nigeria is unfortunately in a very bad situation” further justifies our position that the Buhari-led APC administration has wrecked the economy of our nation.

“Our party is worried over the huge negative impact of indiscriminate printing of currency which has led to the unprecedented rise in inflation rate to 18.17% as disclosed by the Federal Bureau of Statistics on Thursday.

“The PDP calls out President Buhari to come clean on the amount that has been printed so far by the CBN to finance the deficit caused by the financial mismanagement of his government as well as what the funds had been used for.

“Furthermore, for failing the full disclosure test, the PDP demands that the Minister of Finance should immediately be relieved of her position, while the President accepts responsibility for the indiscriminate printing of currency in our Naira.

“Our party implores President Buhari to save our nation by allowing better hands to manage and salvage our economy before it is too late.”

Source: DailyPost

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Controversy Trails Death Of Socialite During Prayer Session At Celestial church

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Few days after the tragic death of a businessman cum socialite, Kayode Badru, who was burnt to death during a prayer session at a parish of the Celestial Church of Christ in Alagbado, a Lagos suburb, his widow, Kofoworola Badru, recalled his last moments in an exclusive interview with KUNLE AKINRINADE while other members of the deceased man’s family demanded justice.

Kofoworola, the widow of Kayode Badru, the businessman cum socialite who died in a parish of the Celestial Church of Christ in Alagbado, Lagos recently had no inkling that a prayer session her husband went for on their wedding anniversary could result in his gruesome death.

Badru, a roundly built successful businessman and socialite who shuttled between Nigeria, Europe and the United Arab Emirates, had hesitated in leaving their palatial residence at No 13 C, Morin Street, New Oko-Oba near Abule Egba on April 26.

”He was restless before he left home on the fateful day. He left our room and returned three times midway the staircase before he finally left,” Kofoworola said.

”He kept saying he forgot something until he finally left home after turning to the room three times.

“He did not eat before he left home, so he asked me to prepare chicken stew and rice for him.

”He told me he was going for prayers at his late mother’s church around Magboro area in Ogun State. He left home around 10 am and promised to come back by 2pm.”

Unknown to his wife of four years, her husband had gone to another Celestial Church parish for the prayers which turned tragic and terminated their four-year-old conjugal bliss.

While Kofoworola was still wondering why her husband had not returned home to eat his favourite meal at 2 pm, cruel fate had played a fast one the Abeokuta-born father of four.

At the church, her husband had clenched his fingers around seven lighted candlesticks and knelt down swathed by seven elders who poured effusive prayers on him to overcome evil.

In the middle of the prayers, the prayer warriors were said to have sprayed him with some spiritual perfume. But before they knew it, the perfume ignited fire which burnt Badru beyond recognition.

He was rushed to the Gbagada General Hospital, where he eventually died on May 4.

“I did not know that he went to another church, the Imole Cathedral of the Celestial Church of Christ. Although the shepherd of the church is his friend and he was the one who facilitated the opening of the church’s branch in Dubai, UAE.

“I became worried when he didn’t return home on time. A few hours later, I was told that he was involved in an accident during the prayers.

”I called his phone at about 2 pm but he didn’t pick his call. At about 5pm, I got a call from the shepherd of the church that my husband was involved in a little accident, and I went to the church.

”At the church, I was told that one of the elders that were praying for my husband sprinkled perfume on him and it triggered fire from the burning candlesticks he was clutching and burnt him.

”On seeing how pathetic my husband’s condition was, I demanded to see the lady who was said to have sprinkled perfume on my husband, but they were just calming me down and did not allow me to see the lady.

“My husband too was calming me down, including the shepherd of the church, Prophet Felix Alebiosu a.k.a. Ebony.

”My husband later developed an infection on his body and he died on May 4, 2021.”

Curiously, when the incident happened, Kofoworola said she was asked by the shepherd of the church, Prophet Felix Alebiosu, not to inform her husband’s family members, assuring her that the situation was under control.

She said: “I was told by Alebiosu not to inform my husband’s family that he was in the hospital. But I eventually did because I couldn’t keep them in the dark for long.

”My husband had no particular parish where he worshipped. He worshipped at any parish he was invited to, and I had accompanied him to worship at this particular church, where he got burnt a few times.

“Besides, he was very close to Alebiosu because he worshipped at a branch of the church in Dubai.

“He is survived by four children. I have two with him while he has two children from his previous marriage.

“He died on our wedding anniversary on May 4; we actually got married on May 4, 2017.”

The 31-year-old widow described her late husband as a man with a large heart even on the sickbed.

”Kayode loved life and was always willing to help people, and he didn’t joke with his children. He had a large heart and always wanted to help people.

“Even on his sickbed in hospital, he was still helping some patients out with their medical bills.”

Recalling his last moments with the deceased, his younger brother, Oluwaseun Badru, also a priest of the Celestial Church of Christ, said there was more to the incident than meets the eye.

“I was called to come see my brother, Kayode Badru, at the Gbagada General Hospital. I saw him in a critical situation.

“When I held his hand to pray for him, he told me that the incident wasn’t natural. He said that he was held down while seven elders of the church were praying for him at the church, and that he felt as if he was in a trance where someone was pouring water on his body. He said that he heard a voice asking him, ‘Is this how you are going to end your life?’ and that he got up to find that he was burning.

“Unfortunately, by the time he got up, the deed had been done as he had been severely burnt. However, my question is where are the seven elders that prayed for him while he was burning? I ask this question because doctors said he was burnt up to the fifth layer of his skin. So, for how long was he held down and how long was the prayer session that those who prayed for him didn’t know that he was burning in their midst?

“I asked the shepherd of the church, Prophet Felix Alebiosu, who led the prayer session for my brother if there were monetary transactions between him and my brother, and he said no. He told me that my brother wasn’t that rich, contrary to what he had earlier told me.

“What baffled me was that my brother told his family he was going to our mother’s parish in Magboro, only for him to visit another parish where he was burnt to death as a result of the perfume poured on him while he was holding candlesticks already lit.”

Oluwaseun urged the police to ensure that justice is served in the matter, noting that other suspects on the run must be arrested and prosecuted.

“Alebiosu and two others have since been arrested and are now in police custody at the State Criminal Investigation Department (SCID), Panti, Yaba, Lagos.

“We heard that the suspects are receiving preferential treatment. However, what we want is justice for our late brother.

“Other fleeing suspects must be arrested and made to face the wrath of the law, because that is the only way justice can be served in this matter.”

Also demanding justice, another younger brother of the deceased, Oluwagbenga Badru, said the circumstances surrounding the death of his elder brother were not real.

He said he suspected foul play and urged the police to carry out thorough investigation and apprehend all those involved in the case with a view to ensuring justice.

He said: “I still find it difficult to believe that perfume was the only substance responsible for my brother’s death. Is it possible for perfume to burn a man up to the fifth layer of his skin without those praying for him perceiving the smoke from the burning?

“Besides, there is another version being bandied by the elders at the prayer session which suggests that the fire started from a burning candle which spread to the spot my brother knelt down and consumed him while praying. So, on this score, the police should arrest all those involved and bring them to book without fear or favour.”

An impeccable source at SCID, Panti, Yaba, confirmed to our correspondent that some persons had been arrested in connection with the case.

“We have arrested the shepherd of the church where the incident took place and two other suspects, and they are in our custody right now. Efforts are being made to arrest other persons involved in the case and carry out a diligent investigation.

“The suspects in our custody will appear before the Deputy Commissioner in charge of SCID this week for proper briefing on the matter.”

Meanwhile, the authorities of the Celestial Church of Christ (CCC) has issued a statement blaming the incident on abuse of perfume by members of the church.

The statement issued by the pastor of the church, Rev. Emmanuel Oshoffa, urged the pastor-in-council to prevent such abuse in the future.

The statement reads in part: “Calvary greetings to you in the name of our Lord Jesus Christ who has called us into His Glory.

“The spraying or pouring of undiluted spiritual perfumes in its volatile state with a lighted candle is an imported culture not originally part of the tenets of the Celestial Church of Christ.

“The laid down usage of spiritual perfume within the spheres of a lighted candle by the pastor founder, Saint SBJ Oshoffa, is by mixing it with water. It is high time we retraced our steps for a greater Celestial Church of Christ.

“We are all advised to adhere to this directive. Any parish or member that goes against this directive will be solely responsible for the resultant effect.

“The pastor has also directed the pastor-in-council to come up with a policy document to curb alien practices that have been introduced into the tenets and doctrines of the church to safeguard the church’s divine culture as instructed by the Spirit of God through the pastor founder,” the statement added.

Source: Nation

 

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Photos From Job Seeker, Iniubong Umoren’s Burial Who Was Killed In Akwa Ibom

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Iniubong Umoren has been buried in Nung Ita Ikot Obio, Oruk Anam LGA amidst tears by family and friends.

All the mourners present at her funeral were demanding #JusticeforHinyHumoren

May her soul rest in peace.

 

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Akpabio/Uduak Akpan: Another Jobseeker Confirms David Hundenyin’s Report

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Recently David Hundeyin released an investigative report on the activities of Uduak Akpan, the killer of Iniobong Umoren.

The post below is an excerpt from his report;

For ease of understanding, I ran all the numbers through Truecaller and put the names in brackets next to them
Around 1.17PM on April 29, Frank Akpan placed a call to Hiny Umoren, which lasted for 124 seconds. It is fair to extrapolate that this was a call where he gave directions to her regarding where she should go for the purported interview. At 1.21PM, he then placed a call to a Blessing Godwin, which lasted 147 seconds. Was he chatting up another potential victim of the same job interview snare? It is impossible to say for now.

The said lady @Blessing Godwin has come out to confirm the culprit indeed called her over a job offer.
Her story:

MY TESTIMONY

God has done me well, that is why I don’t want to hide it. I have come to testify publicly to the Glory of God and to the shame of the devil.

28th April, 2021.
—————————

I was attending an Affiliate Marketing class on a friend’s WhatsApp status around 7pm. The class has been on for about three days. On that day, he taught us on platforms where affiliate marketing thrive and he made mention of as one of the platforms.

It was actually a link so I clicked on it and it took me to the site. I was still scrolling through when I saw a job opening at an hotel at Delta State. The offer came with a very attractive salary and an accommodation too.

Since, I am unemployed and I was still searching for what do to keep the body and soul together. I applied for the job immediately using my email address. I went back to his status and completed the Affiliate Marketing class for that day.

29th April, 2021
—————————

At 1:21pm, I got a call from a number which is not on my contact list asking if I am Blesky Godwin, I told him yes, that I am Blessing Godwin. He corrected me and told me that when applying for something official, I should use my name and not some unofficial name.

I immediately recalled that I applied for a job using my email the previous day. I told him it appeared that way on his end because I used my email address and that is my email username. He said it was ok.

He asked if I was good with computer, I told him that “I try”. He said ok, that there is a farm along Airport road that needs a secretary for immediate employment and he asked if I was interested. I told him yes and he asked if I could meet him at Airport Road immediately.

I told him it wasn’t possible because I was at Ibeno which is quite far from Uyo, he said he knew. I asked if we could reschedule the meeting to another day, and he obliged.

He said I should send my CV to him on WhatsApp and I should save his number as Ezekiel.

After the call ended, I saved his number as “Ezekiel Job” on my phone then I went to forward my CV from my email to WhatsApp but I couldn’t. I told him I couldn’t forward it to WhatsApp that he should send his email address to me so I could send it to his mail which he did and I forwarded my CV to him.

I chatted him up and asked if he had seen it, he said no and then I sent it again and asked him for the second time which he said he has.

After a while, I didn’t hear from him again, so I chatted him up. I typed “Hello” and I told him that he hasn’t said anything since I forwarded the CV to him. He did not reply again. I want to believe that by this time, Ini Umoren must have arrived the venue and he was probably ‘busy’ trying to end her life.

Since that day, I didn’t hear from him again and as God would have it, I totally forgot about him and his secretary job.

On that same day, I had the strong urge to praise God. I didn’t know what for(I’m not saying there has to be a reason before we can praise God). The feeling was so strong. I just went on my WhatsApp and typed…

“Jesus loves me
But
The
Problem
Is
I don’t know why”
On the next slide, I typed…
“God why, why are you so mindful of small me?”
“I am undeserving of your love in every meaning of the word undeserving but yet you still choose to love me”.
“Thank you Lord for Loving me the way you do”
Sincerely, I felt the urge to worship God, I felt He did something really big for me but I didn’t know what it was.

My friend Fortunate Marvie even had to ask me to share the testimony, of which I told her I didn’t have any yet but she would be the first to know once it happened.

11th May, 2021
—————————-

On 11th May 2021, I received a call from a friend asking me if the guy that raped and killed Ini Umoren called me. I was angry and baffled at the same time because I didn’t understand why he would ask me if a murderer called me.

I asked him why he asked that, he said he saw an investigative news report on Facebook that contained my name as one of the persons the Uduak guy called. I asked him if I was the only Blessing Godwin in Nigeria. He asked if I don’t remember receiving any call from someone like that on 29th April.

Slowly, I began remembering that someone invited me for an interview at Airport Road but i wasn’t sure of the date, so I told him it might be him or not. He told me the Uduak guy called me after he spoke to Ini Umoren. He also mentioned the time and the minutes we talked for. Mehnnnnnn I was scared. I told him i would confirm from my call list. We ended the call on a nice note.

At this time, I didn’t remember the name he(the interview guy) gave me, so I randomly scrolled down to my call list till I got to 29th April and I saw Ezekiel job then I remembered he asked me to save his name as Ezekiel.

I was still in shock trying to process all the information when I received a call from another friend of mine that told me to check my messenger that he has dropped a link to a job opening for me, I told him ok and went ahead to check it on messenger. I clicked on the link which led me to Kufre Carter’s timeline.

As I scrolled down, I saw the post which my name was mentioned right under the job opening post. I abandoned the job opening post and read the one that carried my name. It was there I realized that the Uduak guy is the same Ezekiel that called me for the job interview.
The number on the post was the same number that called me that afternoon. The date he called was the same as in the post. The time he called was the same as in the post. The minutes we spoke for was the same as in the post.

Men and brethren I couldn’t help but shed hot tears. My thoughts traveled far and wide. All I did was to imagine what would have become of me if I had gone for the interview.

Maybe it would have been Justice for Ini and Justice for Blessing. How would my parents take the news? How would my siblings take the news? How would my friends take the news? How would my enemies take the news? I shed hot tears.

Then again, I imagined, just maybe, if he had succeeded in raping and killing Ini without the friend raising alarm and his evil being exposed, I would have certainly been the next victim.

He would have probably called me up the next week and i would go because I need a job and that would have been the end of me.

All I can do right now is to thank God. I don’t only want to thank Him in private but I want to thank Him in public. I don’t know what would have become of me if God didn’t show up in the situation.

Thank you Lord�����
Thank you for loving me the way you do.
Even in my unfaithfulness, you still choose to love me, thank you Lord.
I don’t deserve this love but yet you still love me.
Thank you Lord. I am grateful.
I don’t take this for granted, Lord.
Thank you Jesus.

Please if I ever mean anything to do, help me thank God for my life.

Ini Umoren was just an innocent girl looking for a job. She didn’t deserve rape and murder as a reward for her job search. I pray that God grant her family the fortitude to bear this great loss.
Rest in Peace Ini-obong.

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