Headlines
Obaseki Lashes Out at Oshiomhole, Threatens to Deal with Ex-Gov
The crisis rocking the ruling All Progressives Congress in Edo State took a new dimension on Wednesday when the state Governor Godwin Obaseki threatened to deal with his predecessor and the party’s National Chairman, Adams Oshiomhole, if he (Oshiomhole) continued to violate his order banning political rallies in the state.
Obaseki, who spoke at a meeting he had with the 18 APC local government chairmen in the state, said he would show Oshiomhole that he (Obaseki) is the governor of the state.
He said, “I am the governor of Edo State. If anyone comes to your ward or local government to do things outside what the party has agreed, I hereby authorise you to deal with that person seriously.
“We are warning the suspended national chairman. If he continues his activities in Edo State, I will show him that I am the governor of the state.
“When he was the governor, he will never tolerate a fraction of the misdemeanour and misbehaviour he is undertaking today. I have declared that if Oshiomhole comes to Edo State to say he wants to disrupt the activities of the state and the party, we will deal with him the way we know how best to do it.
“Oshiomhole stands suspended from the party. In due course, we will expel him if he does not behave. The party does not belong to him; it belongs to all of us. We are following the wish of our people.
“Our next step is to make sure we convince more people to join our party so that all of us can move this state to the next level.”
The governor regretted that the state chapter of the APC elevated Oshiomhole without knowing the kind of a person he was.
He claimed that Oshiomhole did not build the APC as there was no party structure in place when he became the governor.
He added, “This is not a party man. Look at the dump he kept the party as a secretariat. With all the resources we had, he could not support the party until the landlord evicted us.
“You are governor or chairman based on the platform that elevated you. That is why I looked for one of the most beautiful buildings along Airport Road and said this is the secretariat of the party.”
However, a former member of the House of Representatives, Pally Iriase, described Obaseki’s comments as unfortunate.
Iriase said the APC ought to be built and run on democratic principles, adding that “there is no provision for jackboot tactics” in the APC constitution.
The former lawmaker stated that receiving defectors did not amount to anti-party activities.
He said, “Ever since we left the military, we have not seen this kind of repressive administration that gags political opinion. By now, Obaseki should be pointing out to projects in my local government and several others and not this jackboot tactics.
“Obaseki has not performed; that is what he should know. In the first nine months, Obaseki earned N57bn, what he would have achieved with that amount will be obvious to the eyes and loud to the ears.
“How does growing the party and swelling its ranks become anti-party activities? We should be getting kudos. Obaseki is trying to scare people away. This jackboot democracy in Edo will not work.”
When contacted, the Chief Press Secretary to Oshiomhole, Mr Simon Ebegbulem, refused to comment on the threat by the governor.
He simply told one of our correspondents that, “I have no comment.”
The Punch
The General Council of the World Trade Organization (WTO) has agreed by consensus to reappoint Dr. Ngozi Okonjo-Iweala as Director-General for a second four-year term, set to begin on 1 September 2025. This decision reflects broad recognition of her exceptional leadership and strategic vision for the future of the WTO.
The reappointment process, initiated on 8 October 2024, was overseen by Ambassador Petter Ølberg of Norway, Chair of the General Council. With no additional nominations submitted by the 8 November deadline, Dr. Okonjo-Iweala stood as the sole candidate. The process was conducted in a fully open and transparent manner, adhering to the WTO’s “Procedures for the Appointment of Directors-General” (WT/L/509).
During a special General Council meeting on 28-29 November 2024, Dr. Okonjo-Iweala outlined her forward-looking vision for the WTO. Following her presentation and a Q&A session with members, the Council formally endorsed her reappointment by consensus.
Ambassador Ølberg praised her achievements, stating:
“The General Council commends Dr. Ngozi Okonjo-Iweala for her outstanding leadership during her first term. Amid significant global economic challenges, she strengthened the WTO’s ability to support its members and set a forward-looking agenda for the organization. Her leadership was instrumental in securing meaningful outcomes at pivotal moments, including the 12th and 13th Ministerial Conferences (MC12 and MC13), where major milestones were achieved.”
He continued:
“As we look ahead, the Council fully supports Dr. Okonjo-Iweala’s commitment to ensuring that the WTO remains responsive, inclusive, and results-driven. Her leadership will be critical as the organization continues to advance a resilient, rules-based, and equitable global trading system.”
Background
Dr. Ngozi Okonjo-Iweala first assumed office as Director-General on 1 March 2021, becoming the first woman and first African to lead the WTO. Her first term concludes on 31 August 2025. Her reappointment highlights the strong support for her efforts to enhance the WTO’s relevance and capacity in addressing the evolving challenges of global trade.
Source: wto.org
The Federal Capital Territory Administration (FCTA), on Thursday, published a list of 9, 532 alleged land title debtors in Abuja, giving them a two-week ultimatum to settle their outstanding bills.
The list, which includes prominent individuals and government agencies, was published on November 26, with defaulters expected to pay for their certificate of occupancy (C-of- O) within the stipulated timeframe.
Among those listed as defaulters is former Head of State, Ibrahim Badamosi Babangida (IBB), who owes N152 million for a plot of land in Asokoro, a highbrow area in the nation’s capital. IBB, who ruled Nigeria from 1985 to 1993, is not the only high-profile individual on the list.
Other notable defaulters include Samuel Ortom, former governor of Benue, who owes N950,000 for a plot of land in Bazango, and Aminu Tambuwal, senator representing Sokoto south, who owes N18 million for a plot of land in Carraway Dallas.
The FCTA has threatened to revoke the land titles of defaulters who fail to settle their bills within the stipulated timeframe. The administration has urged defaulters to settle their bills by e-payment to the “FCT department of land administration” account.
In addition to individual defaulters, some federal agencies, including the Nigerian Financial Intelligence Unit (NFIU), the navy, and police, were also named as defaulters.
The Lagos governor’s lodge in Asokoro, the Kaduna state government, and ‘State House Abuja’ were also listed as land title debtors.
This development is not the first time the FCTA has taken steps to recover outstanding debts from landowners. In June this year, the administration set up a committee to recover over N29 billion owed by property owners.
The committee has since identified 430 individuals and organisations as defaulters, with plans to prosecute them.
The FCTA has also partnered with anti-graft agencies, including the Economic and Financial Crimes Commission (EFCC) and the Independent Corrupt Practices and Other Related Offences Commission (ICPC), to check the activities of land grabbers in the territory.
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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