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Presidency: Obi’s Supporters Sponsoring Planned Protests

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The Presidency on Saturday accused the supporters of the presidential candidate of the Labour Party in the 2023 poll, Mr Peter Obi, as being the sponsors of the planned nationwide protests against the administration of President Bola Tinubu.

It therefore urged nation’s security agencies to interrogate the “agents of destabilisation” behind the proposed demonstrations.

Special Adviser to the President on Information and Strategy, Mr Bayo Onanuga, in a long post on his verified X handle, @aonanuga1956, disclosed that the same individuals who hijacked the 2020 ENDSARS protests are behind the planned demonstrations, spreading hashtags like ‘EndBadGovernance’ and ‘Tinubu Must Go.’

The Special Adviser, who described the protests masterminds as “anarchists” and “bad losers” who cannot wait for the 2027 general elections, but seeking to destabilize Nigeria through a “civilian coup, also submitted that Obi, should be held responsible if the protests turn into anarchy.

Onanuga further identified some key individuals including a faceless internet radio station owner and a Labour Party chief, as being involved in the planned protests.

He warned that the protesters’ calls for “revolution” and “ending an elected government” amount to high treason and urged security agencies to take action against those threatening the country’s stability.

The post entitled “REVEALED: Peter Obi’s supporters are the people planning mayhem in Nigeria: Obi should be held responsible for anarchy”, recalled how a similar call for protest in 2020 was hijacked by other elements, leaving the nation’s economic nerve centre, Lagos State, reeling in massive destruction and looting of public and private property.

Onanuga in the post stated, inter alia: “Don’t be fooled: the malcontents planning to stage nationwide protests are supporters of Peter Obi, the failed presidential candidate of the Labour Party. And he should be held responsible for whatever crisis emanates from the action.

“The protest planners are also the same people who were instigated by IPOB leader Nnamdi Kanu to launch the destructive ENDSARS protest in Nigeria in October 2020. ENDSARS began as a genuine protest by youths against the Police Special Anti-Robbery Squad, notorious for its high-handedness.

“IPOB members planning to extricate the South East region from Nigeria infiltrated the protest and hijacked it for their own agenda. Lagos still bears the scar of the malicious destruction by IPOB elements until today.

“Two years after ENDSARS, the IPOB and the gullible innocents joined the Labour Party in 2022 to support Peter Obi, a sympathiser of their cause.

“They are the people spreading the hashtags ‘EndBadGovernance’, ‘Tinubu Must Go,’ and ‘Revolution2024’. They are not democrats but anarchists. They are attempting to call out our people via propaganda because their Messiah, Peter Obi, failed to win the Presidency in the 2023 election.

“As bad losers, they don’t have the patience to wait for another election in 2027; they would rather destabilise Nigeria by staging a civilian coup against President Bola Tinubu.

“If they understand the meaning of their hashtags, they will realise they are clarion calls for treason. Wanting to end an elected government is high treason. Wanting revolution is a call for a coup d’etat, which is also high treason.

“I have been on the trail of one of the protest planners, who is nameless but claims to have an internet radio station, PTM100.88 Abuja. The anonymous person joined X in August 2022 and has 520 followers today, among whom are FS Yusuf, another rabid Obi supporter, and Professor Pat Utomi, a Labour Party chief and a guy on X who goes by the pseudonym Peter Obi’s First Son. PTM’s profile image has someone holding the inscription` Certificate Forger Not My President, ‘ with a photo of Peter Obi as an inset. Only Obi’s supporters will be talking about certificate forgery long after the Supreme Court dismissed the allegation.

“In the past 24 hours, this faceless X user has been whipping up the gullible to join the protest being planned and also posting the activities of his Messiah, Peter Obi. He retweets Peter Obi often. In one of the posts, a video shows a teenager, who is said to be in the North, printing T-shirts emblazoned with “EndBadGovernance in Nigeria 2024′.

“There is also a retweeted post by Babatunde Gbadamosi, a failed and frustrated politician in Lagos. In it, he refers to his earlier post urging people “ to identify APC members, sponsors, supporters, enablers, thugs, promoters, and appointees.” The police and DSS ought to have arrested the man for making a brazen threat to political opponents”.

The presidential Adviser stressed that every country faces economic challenges, but civilized nations address leadership concerns through elections, not violent protests.

He also listed federal government’s efforts to address the cost of living crisis, including over 100% increase in minimum wage, student loans, and palliatives such as food distribution.

Onanuga also highlighted improvements in the economy, including reduced inflation, increased revenue generation, and a booming stock market.

He was however quick to advise Nigerians to consider these on-going government’s efforts before joining the protests, and warned that those calling for demonstrations should wait until the 2027 elections to effect leadership change.

His words: “Security agents should, by now, begin to interrogate these agents of destabilisation. There is no country in the world where people are not going through some economic challenges and where the cost of living is not a major issue.

“No country is immune from economic turbulence at the moment. Civilised and democratic people wait for another election to make leadership changes. They don’t trigger mayhem in their countries by staging protests, the end of which nobody can predict.

“Nigerian citizens must consider the government’s attitude and concern about the cost of living crisis when deciding whether to join the protests by the Labour Party and IPOB supporters.

“The Tinubu government has not been found wanting in this regard. The minimum wage has been increased by more than 100 percent. Loans are being disbursed to students in tertiary schools.

“A credit corporation has been launched to promote consumption credit. Palliatives, including the latest distribution of 740 trucks of rice to the 36 states and Abuja, are being rolled out. Businesses, such as pharmaceuticals, are being assisted. The Federal and state governments are investing heavily in agriculture to produce more food.

“The economy is improving, inflation is slowing, the national debt has been reduced in dollar terms, and the FIRS has increased revenue generation to record levels. Investors are coming back to our country. Our stock market is the best in the world, with a 33 percent return on investment.

“President Tinubu has a four-year mandate to run his agenda. Those calling for protest should wait till 2027 to either re-elect him or elect their Messiah, Mr Peter Obi”.

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I Delivered $15m Agency Cash To Ex-NIMASA DG Akpobolokemi, EFCC Witness Tells Court

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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.

 

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CBN Bars Chronic Loan Defaulters from Accessing New Banking Services

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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.”

 

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Makinde Only In PDP Because He’s Not Seeking Re-election – Otitoju

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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.

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