Headlines
Why Ayu Must Resign, Wike Makes Fresh Revelations
The Rivers State Governor, Nyesom Wike, on Friday, revealed other allegations against the Peoples Democratic Party National Chairman, Iyorchia Ayu, saying the party leader lacked integrity.
He alleged that the PDP chairman also received double pay for a single project.
“If people know what we know, if we release what we have, Ayu’s children will go to him and say we are no longer your children,” Wike said during his live media chat in Port Harcourt, Rivers State.
When asked about the N1 billion he said Ayu allegedly collected and that there has been no reaction from the national chairman, Wike said, “There cannot be any comment. He (Ayu) cannot say anything. Look, I am the governor of Rivers state and I don’t just come out to speak.
Let Ayu say he did not collect N1 billion. In fact, let me also tell you, Ayu collected N100 million naira from a governor that he was going to renovate our democratic institution and then he (Ayu) went back to the PDP NWC and took the same N100 million naira for doing the same work.
“What kind of system is that? I am telling you all these are facts. Let him (Ayu) say no first and I will tell you (those he collected money from).”
He added, “A leader must be a man of integrity. And I have realised that people find it hard to have that (integrity) lately. You are presenting a man (Ayu) who lacked integrity as chairman of the party and somebody that wants to lead a campaign to take the reigns of government?
On the money returned by some NWC members, Wike alleged the money was not authorised by the party leadership.
When asked if the money paid to some NWC members was with ulterior motives, Wike said, “Of course. Let me tell you how the money came about. When it was discussed at the national working committee, Ayu said everybody should calm down and that Nigerians are interested, and that Nigerians will bring money to the party.
“I don’t want us to go deeper because I feel that we are not pushed to the wall (yet). If we are pushed to the wall, what the people will hear, will be something else.”
He added, “Let them show the minutes of the meeting where it was approved. You made over N14 billion naira (from PDP primaries and sale of forms) and people are saying look, we are going in for an election, ask them about the election that took place in Ekiti, how much did the party spend? ask them.
“There are people who believe Ayu is my man saying Ayu is protecting me. Look, what can Ayu do to me? What will he do? Can Ayu come and tell Rivers people where or who to vote? He doesn’t have the capacity to do that. So, why am I going to be afraid of him?
“What has Ayu done for me in my life for me to show gratitude? Rather, he should be grateful to me and other people. So, there is no basis for vindictiveness here or when people say you are after him because he is not with you and that is not the issue.
“If you can not honour what you promise, how can you stand before Nigerians and ask for votes or say anything PDP tells you we will do it? when you have not even done the simple one you said.
“And we are trying to help the PDP to remove this burden from us and you are taking Nigerians for granted saying don’t worry all these things (crisis) will die down, die down where?
The Punch
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.
Channels TV
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.
