Headlines
Nigeria Cannot Have a Pablo Escobar As President, Atiku PCC Attacks Tinubu
By Eric Elezuo
The Atiku/Okowa Presidential Campaign Council has called on the law enforcement agencies including the Economic and Financial Crime Commission (EFCC) and the National Drug Law Enforcement Agency (NDLEA) to arrest and prosecute the presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, for alleged involvement in drugs and other related criminalities.
The call was made Sunday via a press statement tiled “Why NDLEA, EFCC must arrest and prosecute Bola Ahmed Tinubu”, and signed by the Director of Strategic Communications, Chief Dele Momodu, and other members of the media team where the campaign itemised in black and white various atrocities allegedly committed by the APC presidential candidate, stressing he was not fit to be president.
Addressing Nigerians as a whole, the campaign team maintained that considering the myriads of problems facing the nation at the moment, it would be ‘a huge disaster to add state sponsored drug trafficking into the mix’, as the APC candidate is reputed to have ‘direct ties to drug lords and was used as a conduit pipe to launder their funds’ in collaboration with another drug kingpin, Adegboyega Muiz Akande.
“This investigation has revealed the identity of other individuals including relatives who have worked for Akande with various duties in the distribution organisation. One of these individuals has been identified by the investigation as Bola Tinubu,” said Kevin Moss, a special agent with the Inland Revenue Service,” the statement revealed.
The statement added: “Court records showed that Akande took Tinubu to First Heritage Bank where he opened an account for himself and his wife, Senator Oluremi Tinubu, in 1989. Tinubu revealed in documents that he worked with Mobil Nigeria Limited and his salary was $2,400 and he had no other sources of income whatsoever.
“But records from his First Heritage Bank account showed that in 1990, Tinubu deposited $661,000 into his individual money market account and in 1991 deposited $1,216,500 into the same money market account. Mobil representatives told US authorities that even though Tinubu was a treasurer, he had no direct access to the company’s cash and thus could not deposit funds on behalf of the firm.
“Tinubu, the political Maradona, quickly entered into an agreement with US authorities and forfeited $460,000 in order to avoid jail before running back to Nigeria. But this has not changed the fact that he was in cahoots with drug dealers and was their bagman.
“Nigerian law is clear. Criminal cases have no statute of limitation and can be re-opened at anytime especially for the sake of national interest. We hereby call on the National Drug Law Enforcement Agency (NDLEA) to immediately arrest Bola Ahmed Tinubu and prosecute him for drug trafficking.
“Apart from the criminal angle to this call, there is also the national security aspect. The world will recall what happened to Panama when Manuel Noriega, a known drug lord, became President in 1983. During his six-year rule, Panama became a narcos state as Noriega became an ally of the notorious Pablo Escobar’s Medellin cartel.”
While asking law enforcement agencies to speed up the arrest and persecution of the former governor of Lagos State, the campaign council also explained in detail how Tinubu has been siphoning the resources of Lagos State using the instrumentality of his firm, Alpha Beta. The allegations, the Council maintained, are contained in court affidavits sworn to by a former Managing Director of Alpha Beta Consulting, Dapo Apara. He insisted that Tinubu has continued to corner the finances of the state through this firm.
In a Writ of Summons, Apara said, “The claimant avers that some of the suspicious transfers to third parties amongst many others unknown to the claimant are as follows: a) N500,000,000 payment to SW8 Investment Ltd vide payment instruction dated the 30/12/13; (b) $2,989,063.33 payment to Summit Integrated Services Ltd vide payment instruction dated the 18/3/1.5.
“(c) $1,407,000 USD payment to Summit Integrated Services Ltd vide payment instruction dated the 18/3/15; (d) N25million payment to Halizview International Ltd vide payment instruction dated the 18/3/15; (e)N39million payment to Halizview International Ltd vide payment instruction dated the 3/3/15; (I) N38million payment to Halizview International Ltd vide payment instruction dated the 6/3/15.
“(g) N550million payment to Ocean Trust Ltd vide payment instruction dated the 15/5/18 (h) N850million payment to Ocean Trust Ltd vide payment instruction dated the 14/3/15; (i) N1 billion in Afkar printing Press together with Vintage Press Limited and Lagoon Press Limited in October 2017; (J) N1 billion Ocean and Oil Investment Limited (OANDO) various times; (k) N3.5 billion in OCEANIC BANK avow ECOBANK) various times; (I) N100 million IBILE HOLDINGS LAND Plot 16/17 BLOCK VI (ONIRU ESTATE) (m) N500 million STARCOMMS (Aranda Resources) 100,000,000 SHARES (n) N1.4 billion Sterling Asset Management (o) N960 million HITV 300,000,000 shares (p) N11.9 billion SW8 (WEMA BANK)30,909,090 shares.”
The Senate has granted approval to the ₦1.77 trillion ($2.2b) loan request of President Bola Tinubu after a voice vote in favor of the request.
The Senate presided by Deputy Senate President, Barau Jibrin, approved the loan after the Senate Committee on Local and Foreign Debts chaired by Senator Wammako Magatarkada (APC, Sokoto North) presented the report of the committee.
The request which was submitted by the President on Tuesday is part of a fresh external borrowing plan to partially finance the N9.7 trillion budget deficit for the 2024 fiscal year.
Tinubu had on Tuesday written to the National Assembly, seeking approval of a fresh N1.767 trillion, the equivalent of $2.209 billion as a new external borrowing plan in the 2024 Appropriation Act.
The fresh loan is expected to stretch the amount spent on debt servicing by the Federal Government. The Central Bank of Nigeria recently said that it cost the Federal Government $3.58 billion to service foreign debt in the first nine months of 2024.
The CBN report on international payment statistics showed that the amount represents a 39.77 per cent increase from the $2.56bn spent during the same period in 2023.
According to the report, while the highest monthly debt servicing payment in 2024 occurred in May, amounting to $854.37m, the highest monthly expenditure in 2023 was $641.70m, recorded in July.
The trend in foreign debt servicing by the CBN highlights the rising cost of debt obligations by Nigeria.
Further breakdown of international debt figures showed that in January 2024, debt servicing costs surged by 398.89 per cent, rising to $560.52m from $112.35m in January 2023. February, however, saw a slight decline of 1.84 per cent, with payments reducing from $288.54m in 2023 to $283.22m in 2024.
March recorded a 31.04 per cent drop in payments, falling to $276.17m from $400.47m in the same period last year. April saw a significant rise of 131.77 per cent, with $215.20m paid in 2024 compared to $92.85m in 2023.
The highest debt servicing payment occurred in May 2024, when $854.37m was spent, reflecting a 286.52 per cent increase compared to $221.05m in May 2023. June, on the other hand, saw a 6.51 per cent decline, with $50.82m paid in 2024, down from $54.36m in 2023.
July 2024 recorded a 15.48 per cent reduction, with payments dropping to $542.50m from $641.70m in July 2023. In August, there was another decline of 9.69 per cent, as $279.95m was paid compared to $309.96m in 2023. However, September 2024 saw a 17.49 per cent increase, with payments rising to $515.81m from $439.06m in the same month last year.
Given rising exchange rates, the data raises concerns about the growing pressure of Nigeria’s foreign debt obligations.
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Self acclaimed leader of the Indigenous People of Biafra (IPOB), Simon Ekpa, has been arrested by law enforcement in Finland.
The BBC reports that Ekpa was subsequently sent to prison by the district court of Päijät-Häme for “spreading terrorist propaganda on social media”.
Ekpa was said to have committed the crime in 2021 in Lahti municipality.
The Finnish National Bureau of Investigation (NBI) also arrested four other men over alleged terrorist offences.
A citizen of Finland and Nigeria, Ekpa has described himself as leader of the separatist IPOB group since Nnamdi Kanu’s incarceration.
Finnish police say Ekpa’s activities and social media rhetoric may have fanned the flames of violence in the south-east of Nigeria.
“He carries out these activities from his social media channels, for example,” said Otto Hiltunen, detective chief inspector of the NBI.
In February 2023, Ekpa was arrested by police at his residence in Lahti but was released after hours of questioning.
Using his social media channels, Ekpa had directed Igbos not to participate in Nigeria’s 2023 general election.
In September 2021, the Biafra agitator and secessionist denounced Nigeria and vowed to return the medal he won for the country at the 2003 African Junior Athletics Championships.
The Court of Appeal has sacked Musiliu Akinsanya aka MC Oluomo as the National President of the National Union of Road Transport Workers (NURTW).
In a ruling that upheld the earlier judgment of the National Industrial Court, the appellate court sacked MC Oluomo and reaffirmed Tajudeen Baruwa as the legitimate leader of the union.
Baruwa had assumed office after a properly conducted election held at the union’s headquarters in Abuja.
The three-member panel of the Appeal Court dismissed the appeal filed by MC Oluomo’s faction, declaring it devoid of merit.
In addition, the court imposed a fine of N100,000 on the appellants, further solidifying Baruwa’s leadership position.
Reports quoting court documents said to have been released on Friday detailed the ruling, which effectively countered any attempts to displace Baruwa from his role as the NURTW president.
The judgment read: “This is an appeal against the judgment/decision of the National Industrial Court Sitting in Abuja, in Suit No. NICN/ABJ/263/2023, delivered on the 11th March, 2024, by Justice O. O. Oyewumi.
“Upon reading the Record of Appeal compiled and transmitted before this court, together with the respective briefs of argument, and after hearing the counsels for the appellants and respondents, it is hereby ordered that:
“This Appeal is devoid of merit, and the same is hereby dismissed.”
The ruling reinforces the legitimacy of Baruwa’s presidency, concluding the legal dispute over the union’s leadership.
Meanwhile, MC Oluomo’s son Idowu Akinsanya (King West) had bragged about his feat of emerging the NURTW president, saying: “We are now in charge of Nigeria, not only Lagos,” a comment that attracted public opprobrium.
MC Oluomo, a diehard supporter of President Bola Tinubu and a prominent figure in Lagos politics, was the sole candidate in the election, which took place at the union’s zonal secretariat in Osogbo. His perceived victory was deemed to carry significant implications for the future of the NURTW and the political landscape of Nigeria.
