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Panic-Gripped Residents Flee Imo Street As Army, Police Begin Show of Force

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There was panic in Owerri, the Imo State capital, on Monday as news filtered in that a group of gunmen were on the rampage.

Schools, markets, banks and eateries immediately shut down as residents ran for their lives.

While parents and guardians rushed to withdraw their children and wards from schools, all roadside shops and motor parks were deserted.

Vehicles that were on transit when the news broke reversed and discharged their passengers.

One of our correspondents saw parents withdrawing their children from Orji Primary School, as students of Imo State University deserted the campus.

A parent who refused to disclose his identity told one of our correspondents that his neighbour told him that hoodlums were going to schools to attack pupils, saying that it was a huge risk to allow his children remain in school considering the current situation.

The PUNCH observed that the panic situation, which began at about 10 am, was as a result of Operation Show of Force embarked upon by the army and police in the state.

The situation forced vehicles owners, and barrow pushers to quickly leave the roads and streets just as road side traders also took to their heels.

The state Commissioner for Information and strategy, Declan Emelumba, said the stampede was uncalled for, adding that the security operatives were on Operation Show of Force in the state capital.

The  302 Artillery Regiment General Support, on Monday, launched  ‘Exercise Golden Dawn’, to provide security in the state.

The exercise, according to the Commander 302 Artillery Regiment (General Support) Col Abdulkarim Usman, will help to combat insecurity in the state and foster inter agency cooperation.

Usman said the exercise would routine training in various  South-East geopolitical zone.

He said that the rise of insecurity across the country had made it imperative that the Nigerian Army needed to come in to assist.

Usman said, ”The military will use the golden opportunity in conjunction with other security agencies to curb the existing security threats in Anambra State.

“The threats range from secessionist agitations, by the Movement for the Actualization of Sovereign State of Biafra, the Indigenous People of Biafra, and Eastern Security Network.

“Others are banditry, kidnapping, cultist activities, land disputes clashes, communal clashes, chieftaincy issues, assassinations and youths restiveness. To curb these countless security challenges, a robust posture in what the unit has always maintained”

The launching of the military operation was held as The PUNCH learnt that South-East governors and some selected Igbo leaders would be meeting on Tuesday (today) in Enugu to discuss the crippling effects of the sit-at-home and the detention of Mazi Nnamdi Kanu by the Federal Government.

The Punch

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UK PM Burnham Unveils 10-Year Plan, Begins Cabinet Overhaul

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The new British Prime Minister, Andy Burnham, on Monday, unveiled a 10-year plan to tackle the country’s economic and social challenges as he began reshaping his government, with Chancellor Rachel Reeves among senior ministers leaving the Cabinet.

In his first speech outside 10 Downing Street, Burnham said his government would introduce measures to ease the cost-of-living crisis, end rough sleeping, build more council homes and devolve more powers away from Westminster.

“This moment will be a circuit breaker for Britain,” Burnham said, adding that details of the government’s cost-of-living package and how it would be funded would be announced from Tuesday.

According to the BBC, Reeves announced on X that she was stepping down as Chancellor of the Exchequer, describing it as “the privilege of my life” to have served in the role. The broadcaster reported that Burnham had offered her another senior cabinet position, but she declined.

The cabinet reshuffle also saw Foreign Secretary, David Lammy, Housing Secretary, Steve Reed and Business Secretary, Peter Kyle leave government as Burnham assembled his own team.

Speaking to reporters after his Downing Street address, Burnham said he would examine the tax-free personal allowance ahead of his first Budget in the autumn but acknowledged that raising the threshold would have significant fiscal implications.

He also pledged to reform England’s social care system, saying he did not want to leave office without fixing a problem that had persisted for decades, while reaffirming his commitment to existing fiscal rules.

The BBC also reported that Burnham held his first conversation with a foreign leader after taking office, speaking with U.S. President Donald Trump.

The resignation of the outgoing Prime Minister Keir Starmer saying he was leaving office “with good grace” and “a smile.”

Burnham is expected to continue announcing appointments to his new Cabinet as his administration takes shape, according to the BBC.

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Finance Minister Oyedele Defends Nigeria’s Rising Debt

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Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has clarified the sharp increase in Nigeria’s public debt.

Speaking before the Senate Committee on Finance on the state of the nation’s economy on Monday, Oyedele attributed the increase to naira depreciation and accounting adjustments rather than fresh borrowing by the Bola Tinubu administration.

Oyedele was responding to questions from the senator representing Kebbi Central, Adamu Aliero, over claims that the current administration had borrowed about N80 trillion in addition to the N75 trillion public debt it inherited.

According to the minister, comparing the country’s debt stock at the start of the administration with the current figure without accounting for exchange rate movements created a misleading impression.

“When this administration came into office, public debt was around N75 trillion. Many people simply compare that figure with today’s debt stock and conclude that this government has borrowed massively.

“However, it is important to note that, following the reforms and the depreciation of the naira, the foreign currency component of our public debt had to be revalued because Nigeria reports its debt in Naira. That accounting adjustment alone added more than N40 trillion to the public debt figure,” he said.

He added that the securitisation of the Ways and Means advances inherited from the previous administration also contributed significantly to the increase in the debt stock.

The minister further said that much of the government’s domestic borrowing was used to refinance existing debt rather than accumulate new obligations.

According to him, the Tinubu administration had adopted a prudent borrowing strategy focused on infrastructure and long-term economic growth.

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ADC Tells Tinubu to Resign As World Bank Reveals 139million Nigerians Live in Poverty

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The African Democratic Congress (ADC) on Saturday asked President Bola Ahmed Tinubu to resign rather than seek re-election, asserting that the World Bank’s recent report showing that 139 million Nigerians live below the poverty line is his scorecard.

The ADC, in a statement by its spokesperson, Bolaji Abdullahi, said the World Bank’s report, which also estimated that 17 million Nigerians are at risk of starvation, was “disturbing.”

“The evidence of 139 million people living in poverty and 17 million at risk of starvation is President Tinubu’s scorecard,” the party said. “On account of this catastrophic failure alone, President Tinubu should be contemplating resigning from office rather than seeking re-election.”

It decried that the “catastrophic” situation was occasioned by the Tinubu administration’s policies, which it said, “have favoured money over people and statistics over survival.”

The opposition party maintained that the economic growth Mr Tinubu’s government has repeatedly boasted of as a result of its economic reforms is “meaningless” if the livelihoods of people at the grassroots have yet to improve since 2023, when he assumed office.

“Instead of changing course, the government has stubbornly stuck with its ruinous economic policies and even continues to market recklessness as courage and wickedness as ‘necessary pains.’

“However, three years down the line, it is now clear that the chicken has come home to roost,” the ADC said.

According to the party, Nigeria desperately needs a leader who truly cares about citizens’ well-being and understands that economic reforms should improve citizens’ lives, not worsen their misery.

“A president whose government is not openly feasting while asking the people to continue fasting. A government that does not wallow in profligacy while handing the people palliatives,” it added.

The party condemned the ruling APC’s social intervention programmes aimed at cushioning the effects of its economic policies, adding, “Poverty cannot be defeated through palliatives.”

The ADC pledged that if elected in 2027, it would tackle the root causes of hunger by reducing energy costs, enhancing food production, and ensuring that farmers returned to their farmlands.

It also vowed to rehabilitate the 264 abandoned dams, improve access to fertilisers and quality seeds, and invest in storage facilities.

According to the party, transportation, waste, and food prices would be reduced while creating productive jobs.

“Hunger cannot be separated from poverty, education, or healthcare. That is why an ADC government will prioritise nutrition, primary healthcare, quality basic education, and skills development because no nation can build a prosperous economy while millions of its children are hungry, out of school, or cannot read simple texts,” the party said.

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