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N30trn Ways and Means: Senate Committee Indicts Emefiele for Illegally Signing Billions of Naira

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The Senate ad hoc committee probing the disbursement and utilization of the N30 trillion Ways and Means loan has discovered 13 infractions in the process of obtaining the loan from the Central Bank of Nigeria (CBN) during former President Muhammadu Buhari’s administration.

Chairman of the committee, Senator Isah Jibrin (APC, Benue East), said the former governor of CBN, Godwin Emefiele, unilaterally signed billions of Naira in the approval of different tranches of the loan without following due process.

Senator Jibrin alleged that Emefiele illegally signed billions of Naira in 13 documents.

He disclosed this on Tuesday during an interactive session with the CBN team led by Bala Bello, one of the deputy governors of the apex bank.

The committee chairman said Emefiele ought to have approved the loans in conjunction with the CBN board of directors, but he unilaterally signed the loans, which is contrary to the requirement of the CBN Act.

“The committee of governors ought to be the signatories to the ways and means account but in the document we have here, the governor signed billions of naira in about 13 places.

“We want to know the total figure of the ways and means. We want to know the summation of the figure,” Senator Jibrin said.

“On the Anchor Borrowers Programme, you have done well. You did about 70 per cent, but we must ensure the completion of the remaining 30 per cent.”

Senator Jibrin, however, said the committee will summon the CBN governor, Olayemi Cardoso, to give a detailed account of what he knows about the Ways and Means.

“Your governor, who took over from Emefiele, should be able to stand for Emefiele because he took over from him, including his assets.

“Emefiele should provide an explanation to the existing governor. We will invite the governor and in case he does not have a response, he will contact Emefiele,” he stressed.

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ADC Declares Atiku Abubakar Winner of Presidential Primary

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By Eric Elezuo

Former Vice President Atiku Abubakar has been declared winner of the presidential primary of the African Democratic Congress (ADC).

The declaration was made at the Trascorp Hilton Hotel, where the final collation of results was made.

The former Vice President polled a total of 1, 846, 370 votes to defeat his closest rival, former Governor of Rivers State, Hon Rotimi Amaechi, who scored just over 500 thousand votes. Alhaji Muhammed Hayatu-Deen came third.

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ADC Presidential Primary: Hayatu-Deen Alleges Rigging, Withdraws from Results Announcement

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One of the presidential aspirants of the African Democratic Congress (ADC), Mohammed Hayatu-Deen, says he will not attend the announcement of the party’s presidential primary election results, citing allegations of widespread vote rigging.

In a statement on his X handle on Tuesday, Hayatu-Deen expressed concern over reports of electoral irregularities from across the country.

The ADC aspirant noted that he witnessed some of the incidents.

“I will not be attending the announcement of the ADC Presidential Election Results today. I am concerned by reports from across the country of widespread vote rigging, some of which I myself observed, and will therefore be taking advice on my next steps,” the statement read.

The development comes amid keen competition for the ADC presidential ticket involving former Vice President Atiku Abubakar, former Minister of Transportation and former Governor of Rivers State, Chibuike Rotimi Amaechi, and Hayatu-Deen.

The ADC presidential primary election collation exercise will take place in Abuja. Results are expected from across the nation.

Ahead of the nationwide presidential primary held on Monday, the ADC had urged aspirants, party leaders, delegates, and members to conduct themselves peacefully and uphold party unity.

In a statement issued in Abuja on Sunday, the party’s National Publicity Secretary, Bolaji Abdullahi, described the exercise as a defining moment for both the ADC and Nigerians seeking a credible political alternative.

According to him, the party remained committed to internal democracy and a transparent leadership selection process.

“The ADC remains proud to stand today as the only truly democratic party in Nigeria because it is the only political party whose choice of presidential candidate is determined through open primaries,” Abdullahi stated.

The party also stressed that the conduct of aspirants and party members during the exercise would reflect the leadership culture the ADC seeks to promote.

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You’re Not Different from APC, INEC, Amaechi Slams ADC, Rejects Presidential Primary Results

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A former Minister of Transportation, Chibuike Rotimi Amaechi, has rejected the results of the African Democratic Congress (ADC) presidential primaries, alleging widespread voter disenfranchisement and electoral malpractice.

Amaechi, in a statement posted on his X handle on Tuesday, described the outcome of the exercise as “concocted results.”

He said he had earlier made it clear that he would only accept the outcome of the primaries if the process was free, fair and transparent.

“I will not accept results from a process that does not reflect the values that the ADC had pledged to uphold,” he said.

Amaechi alleged that about 80 percent of party members across the country were prevented from voting during the exercise.

“There’s no way that about eighty percent of members of the party were not allowed to vote, and you expect me to accept such results,” he stated.

The former Governor of Rivers State accused the party of engaging in practices it had previously condemned in the ruling All Progressives Congress (APC) and the Independent National Electoral Commission (INEC).

According to him, the ADC cannot criticize vote buying, rigging and manipulation of election results by others while allegedly engaging in similar acts during its own primary.

Amaechi added that the development was unacceptable and contrary to the ideals upon which the party was founded.

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