News
Akpabio, Abbas: Lawmakers Will Back Tinubu To Deliver
President Bola Ahmed Tinubu at the weekend got pledges of support from Federal lawmakers and a pat on the back from eminent Nigerians on his actions in the last 22 days.
Senate President Godswill Akpabio at two different events reaffirmed his position that senators would support the President with legislation to enable him to deliver the dividends of democracy.
Similarly, House of Representatives Speaker Tajudeen Abbas promised the House’s collaboration with the Executive in the interest of Nigerians.
Akpabio spoke at receptions for the Secretary to the Government of the Federation (SGF), Senator George Akume in Abuja and former Rivers State Governor Nyesom Wike in Port Harcourt.
Former Governors Peter Odili (Rivers) and James Ibori (Delta) said President Tinubu has started well, adding that he deserves the cooperation of Nigerians.
First Lady Oluremi Tinubu, who reflected on the weight of responsibilities on Tinubu’s shoulders, said she and her husband are in Abuja to work for Nigerians.
‘Why Senate will partner Tinubu’
Speaking in Abuja, Akpabio said: “I believe strongly that Nigerians are in for the best of times under this administration.
“Members of the National Assembly will enjoy a lot of cooperation and support from the Executive because, for the first time, we are going to have a very serious accord between the Executive and the Legislature. I see good things coming for Nigerians.”
Akpabio said that in less than 20 days in office of the present administration, the stock market has gone up.
He stressed: “The world is already applauding Nigeria. I believe strongly that Senator Akume has a hand in most of the policies that are coming out and you are just starting.
“You can imagine the celebrations that would come again, in the first 100 days of this administration in office. You are indeed a square peg in a square hole.”
The Senate President described Akume as a man of excellence and humility.
He said: “We are celebrating two things tonight: excellence and humility. You are a man of excellence.
“You leave your mark in everything you do and I have no doubt you are going to leave your mark in the present administration of Tinubu. Your humility disarms all.”
Akpabio said the 10th Senate would work seamlessly with Senator Akume as the SGF to develop policies that will transform the economy.
Abbas said: “Senator Akume has a proven track record in coordinating government activities and stringing government.”
Kogi State Governor, Yahaya Bello, described Akume as “a welfarist who puts the needs of others first”.
His appointment, he noted, is evidence of efficient representation of the Northcentral in the Tinubu administration.”
Akume thanked the dignitaries for their goodwill messages, assuring them that he will not disappoint President Tinubu and the ruling party.
In Port Harcourt yesterday, Akpabio maintained that within 20 days of Tinubu’s Presidency, the Stock Exchange had shown that the right person is in charge of the country.
Akpabio, who was joined at the podium by other senators in his entourage, commended Tinubu and Vice-President Kashim Shettima.
He said the National Assembly would cooperate with President Tinubu to take the country to greater heights
Akpabio added: “Thank the President for us for a seamless transition in the National Assembly. Being our first major outing together, we say that we should use this platform to thank President Bola Ahmed Tinubu and his Vice-President, Senator Kashim Shettima, for recognising the need to put the National Assembly in order before commencing the business of governance.
“In less than 20 days in office, even the stock exchange has shown that yes, indeed, the right person is in the saddle.
“We want to wish him well and we assure you that we will cooperate with him to ensure that Nigerians get the benefits of the democracy they have been yearning for, for so many years.”
Turning to Odili, Akpabio said though he was the President the country never had, his prayer of having a Class of 1999 Governors had been answered by Tinubu’s emergence.
He appealed to Odili to relocate to Abuja and help Tinubu to succeed as the President.
He said: “Thank God that the Class of 99 that you belong to have today produced a president, which was always your desire.
“It is time for you to come to Abuja and join your brother, Bola Ahmed Tinubu, advise him to do those things that you would have loved to do because we all thought you would have been the President from Southern Nigeria.”
Akpabio clarified that the money he used in supporting Wike’s governorship ambition in 2015 came from his savings from the telecom sector, where he was a managing director and not from the Akwa Ibom Government House.
He said: “Governor Nyesom Wike represents different things to different people. To us in the 10th Senate, he represents a pillar, a shoulder we can lean on. We are very proud of you and we are delighted to have you as an honorary member of the 10th Senate.
“You said in the church that the then Governor Akpabio assisted you with some money when you were running for office. That money came from my savings in the telecom industry where I was a managing director. It was not from the government of Akwa Ibom State.”
Akpabio thanked Wike and the G-5 for their efforts in promoting justice, fairness and equity during the last elections.
He said: “I want to thank you for all your efforts to bring justice to Nigeria. I want to thank the G-5 Governors. We are delighted to have you.
“Ensure that in 2027, another G-5 emerges so that the APC will continue to do well. It shows that you are a nationalist. You are a freedom fighter.”
Tinubu has made right decisions, says Odili
Odili lauded Tinubu, saying that he has so far taken the right decisions to put the country on the right path.
Odili and Ibori spoke at the reception organised by the Wike family at his Rumuepirikom’s country home Obio-Akpor.
Odili, who chaired the occasion, said they were very happy that the efforts of Wike and his group led to the emergence of Tinubu, who belongs to their class of 1999 governors, as the President.
He urged the other arms of the government to work together with the President to move Nigeria forward.
While observing that a good dance begins with the first step, Odili said Tinubu had “taken very correct steps”.
He said: “We need each other to keep Nigeria united. I want to congratulate the members of the other party that worked with them to produce what I am praying will be the best or at least, one of the best two Presidents Nigeria will have so far.
“Our President was a member of Class 99. My brother, James, is here. We have no doubts that the President that all of you have collectively voted for and who is in charge today as the Commander-in-Chief, Bola Tinubu, is going to change the narratives in Nigeria.
“So, Mr. President of the Senate, when you get back to Abuja as you begin the task of governance, recognise and put it into action the fact that no country has two governments. There’s only one Federal Government with three arms.
“Those three arms must work together for Nigeria to move forward. We want to use this opportunity to appeal to you and your colleagues to work with the President so that the dividends he has in mind can be delivered.
“A good dance begins with the first step. His first steps are very correct steps and the dance has started. We pray that the Almighty God will sustain your collective efforts to take Nigeria to where Nigeria should have been years ago. God’s time is always the best.”
Odili, who described Wike as an indomitable, irrepressible and courageous lion of the Niger Delta, said they had run out of words to qualify the former governor.
He said: “We have run out of words to describe this man. In 2015, he was called Mr. dynamic, hurricane. Today, he stands out in Nigeria as a household name. Mention the name Wike anywhere, heads will turn, the temperature will change and the atmosphere will be altered.
“Look at the rainbow nature of this gathering and you will appreciate the points being made. He is thanking God because for eight years, the Almighty God gave him the opportunity to govern Rivers State and he grabbed the opportunity with two hands and the Almighty God showed him the way.
“Wike stands in the history of Nigeria and in the history of democratic governance as the best governor that Nigeria has produced so far.
“The MC said Dr. Peter Odili was the golden governor of Nigeria. I can say that Odili is gladly handing over that title to Nyesom Wike”.
Ibori expressed confidence that Tinubu would do well for the country as the President.
He said: “We believe that President Tinubu will do what is good for Nigeria. We know he is courageous and daring and we know he can take risks. We need all of those combined to do what is right.”
No room for play, says Senator Tinubu
Senator Oluremi Tinubu said President Tinubu is not out to play but to build and unite the country.
The First Lady spoke when the Speaker led his deputy, Benjamin Kalu, and some members of the Joint Task group of the 10th Assembly on a thank-you visit to her.
While congratulating them on their victory, Senator Tinubu said with the calibre of leadership and membership of the 10th Assembly, Nigeria would be great again.
She said: “We didn’t come out to play. We came out to build and unite the path that generations will take. Nigeria deserves all that we can do to put it back on its feet. We have a great nation.
“Your victory, it’s God that did it because without God, even if we put all our strengths, it won’t happen. By the grace of God, we will work.”
Abbas assured that the 10th House would work for Nigerians and support Tinubu to succeed.
He said the overwhelming mandate given to him by his colleagues would spur him to work assiduously with every member to achieve a greater Nigeria.
Abbas said the current administration would have a smooth sail as the President, the Vice President, the First Lady, the Chief of Staff to the President, the Deputy Chief of Staff to the President and the Secretary to the Government of the Federation were members of the National Assembly.
Abbas said: “We’ll collaborate and partner, particularly in one area that you requested last time, which is to carry the women along.”
He said the 10th House would ensure that gender-based bills being passed by the Ninth Assembly but not signed into law were reconsidered and passed by the 10th House.
Kalu said the president and his wife inspired them before, during and after the contest for Speaker, noting that President Tinubu and the ruling All Progressives Congress (APC) made the right choice by endorsing the current leadership of the National Assembly.
He added: “We want to pledge again. We won’t fail you. What happened means stability had been given to this government. He has encouraged people who believe in his mission and vision.”
Chairman of the Joint Task – 10th Assembly, Usman Bello, said: “We are here to say thank you to you for being supportive of your husband. Your Excellency, you are unique. The country is lucky to have you as the mother of the nation.
“You’re coming from the point of knowledge because you were with him when he was governor, you were in the National Assembly, and now you’re the mother of the nation.
“You have given us a lot of support for Tajudeen and Kalu to emerge. We also want you to thank our father, the father of the nation, for what he did to us.
“We want to reiterate our unflinching loyalty to the President and the country. We know you’d advise him from the point of knowledge to make the country better.”
‘Nigeria on path of recovery’
The Peace Development and Conflict Resolution Centre (PDCRC) hailed President Tinubu for his achievements in office.
The group said with the steps taken by the President, Nigeria was on the path of recovery.
In a statement by its National Coordinator, Sulaiman Idris, the group said there is hope for Nigeria.
The group, however, appealed to Tinubu to allow heads of some agencies that were appointed during the administration of former President Muhammadu Buhari to complete their tenure.
The statement reads: “It is clear that the president is on the path of making new appointments of heads of agencies and other parastatals by replacing those that served under President Buhari.
“We are aware that these steps are being taken by the president with very good intentions to save Nigeria from collapse and set it on the path of developmental progress.
“However, we wish to draw the attention of the presidency that there are some appointments made towards the end of the last administration that have hardly lasted seven months and whose removal will be detrimental to the nascent peace being enjoyed in the country.
“We wish to draw the attention of the presidency to the appointment of the Managing Director of the Niger Delta Development Commission (NNDC).
“It would be recalled that following a debate on the leadership of the commission, a compromise was reached where the position would be rotated within the nine oil-producing states in alphabetical order of Abia, Akwa Ibom, Bayelsa, Cross River, Delta, Edo, Imo, Ondo and Rivers.
“More so, a quota system is adopted in all the states to ensure that the position circulates across all the constituencies.
“Being that the current leadership has not completed the tenure for which he was appointed, it is the humble opinion of this organisation that he be allowed to complete his tenure as a way of sustaining peace among the affected constituencies.
“Our organisation, though based in the North, is saddled with the responsibility of promoting peace and resolving conflicts for the purpose of development of Nigeria as a whole.”
News
I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court
A prosecution witness, Captain Ezekiel Bala-Agaba, testified in a Lagos Federal High Court on Thursday, that he personally delivered $15 million in cash to former NIMASA DG, Patrick Akpobolokemi.
The witness, Bala-Agaba, a former Executive Director of Maritime Safety, Shipping Development and Marine Operations at NIMASA, made the disclosure while testifying before Justice Ayokunle Faji of the Federal High Court in Lagos.
Captain Agaba, who appeared as the 15th prosecution witness, told the court that funds meant for pipeline surveillance were withdrawn from NIMASA’s accounts, converted into dollars, and handed over to Dr Akpobolokemi.
According to him, the money was taken to a Bureau de Change, which converted it into $15 million before the cash was delivered to the NIMASA office on Burma Road, Apapa, Lagos.
He said he subsequently took the money to the office of the then Director-General.
“The money was sent to a Bureau de Change, which later brought the dollar equivalent to our office at Burma Road, Apapa, Lagos. I asked my Personal Assistant, Ekene Nwakuche, to carry the bag and follow me to the Director-General’s office,” he told the court.
The witness explained that he collected the bag from his aide before entering the office.
“When we got to the door of the Director-General’s office, I collected the bag from him and asked him to wait outside. I then personally delivered the sum of $15 million to the Director-General.”
The witness was initially a defendant in the case but later opted to testify for the prosecution.
While being led in evidence by prosecuting counsel, Suleiman Suleiman, he explained the chain of command within NIMASA and how financial approvals were processed in the agency.
According to him, the Director-General is the overall head of the agency and issues instructions to directors, who then implement policies in line with the NIMASA Act.
He told the court that he chaired the agency’s Intelligence Committee, which was responsible for certain security-related operations.
“As chairman of the committee, I oversaw its activities and reported directly to the Director-General, Dr. Patrick Akpobolokemi,” he said.
During the proceedings, the witness was also shown a document containing a letter from Access Bank to the Economic and Financial Crimes Commission (EFCC) detailing transactions in NIMASA’s accounts between 2013 and 2015.
When asked how much money he took to the former Director-General, Agaba replied: “$15 million.”
After listening to the testimony, Justice Faji adjourned the matter until April 22 and 23 for cross-examination of the witness.
The EFCC had in December 2015 arraigned Dr. Akpobolokemi and seven others before the court on a 30-count charge bordering on conspiracy, fraudulent conversion of funds and money laundering.
Those charged alongside the former NIMASA boss include, Warredi Enisuoh, Governor Juan, Ugo Frederick, Timi Alari, as well as Alkenzo Limited and Penniel Engineering Services Limited.
They pleaded not guilty to the offences.
The anti-graft agency alleged that the defendants conspired to divert funds running into over N1.15 billion under the guise of providing security intelligence in Nigeria’s maritime domain.
According to the EFCC, the NIMASA Intelligence Committee allegedly received N1,153,000,000 between December 2013 and July 2015.
Investigations further revealed that several companies contracted to execute the intelligence operations were either unregistered or lacked the capacity to perform the services, while some were allegedly linked to the defendants.
The prosecution also alleged that the defendants nominated or owned many of the companies used to execute the contracts.
One of the charges stated that the defendants conspired to commit offences punishable under the Money Laundering (Prohibition) Act, 2012.
News
CBN Bars Chronic Loan Defaulters from Accessing New Banking Services
The Central Bank of Nigeria (CBN) has issued a directive to all financial institutions to immediately restrict certain banking services for large-ticket borrowers with non-performing loans (NPLs).
This move is aimed at strengthening credit discipline and protecting the stability of the Nigerian financial system following a rise in the industry’s NPL ratio to approximately 7%, exceeding the regulatory 5% threshold.
This order is specifically targeted at large-ticket obligors.
The CBN issued the directive in a circular to banks on Monday.
The latest instruction comes almost a week after the CBN asked financial institutions to stress test.
It is uncertain if the two directives are connected or what may have triggered the loan-related instruction, but the apex bank said it furthers its mandate to protect Nigeria’s financial system.
“In furtherance of its mandate to promote a sound financial system, protect depositors, and enhance prudential compliance within the banking sector, the Central Bank of Nigeria (CBN) hereby directs all banks to restrict non-performing large ticket obligors, whose activities pose systemic risk to the financial system, from accessing specified banking services,” the circular reads in part.
“Any large-ticket obligor with a non-performing facility recorded in the CRMS and/or any licensed private credit bureau shall not be granted additional credit facilities. For the purpose of this restriction, credit facilities include loans and other forms of direct credit.
“In addition, such obligors shall not be granted banking facilities or contingent liabilities such as bankers’ confirmations, letters of credit, performance bonds, or advance payment guarantees.”
News
Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
Babajide Kolade-Otitoju, the Director of News at TVC News, recently stated that Oyo State Governor Seyi Makinde would likely have defected from the People’s Democratic Party (PDP) if he was still serving his first term.
Otitoju stated this on Friday on TVC’s ‘Breakfast Show’.
He described the National Convention of the Peoples Democratic Party, PDP, in Ibadan last November as a mere waste of time.
“People must show good judgment at a critical phase. What was the point of having that convention? Two courts told you not to go ahead but you went ahead.
“I may not be a fan of former Senate President Bukola Saraki but if he says something that makes sense, I will be the first to admit it. He made sense when he said let’s go for caretaker. What’s the point of not listening to him?
“Later you will be shouting that the ruling party is behind your crisis, meanwhile you are the architect of your own misfortunes. You created this problem.
“If Makinde were in his first term, he would have fled like the dancing governor because his second term would have been in danger,” Otitoju said.
-
News2 days agoWorld War III Fears: Zelensky Reveals Warning To Trump
-
News2 days ago2027 Shakeup: 12 Lawmakers Defect To APC, ADC
-
News1 day agoTerror Surge: Tinubu Demands Results from Security Chiefs
-
News23 hours agoCorruption Probe: Court Grants ICPC Access To Data On El-Rufai’s Seized Gadgets
-
News18 hours agoCBN Bars Chronic Loan Defaulters from Accessing New Banking Services
-
News1 day agoBeyond My Wildest Dreams: Disu Opens Up During Handover From Egbetokun
-
News19 hours agoMakinde Only In PDP Because He’s Not Seeking Re-election – Otitoju
-
News15 hours agoI Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court
