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PDP Blasts Osinbajo For Allegedly Falsifying Facts On Nigeria’s Debt Profile

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The Peoples Democratic Party (PDP) has called on Vice-President Yemi Osinbajo to refrain from bandying figures that he cannot substantiate, as regards the nation’s debt profile, which it said escalated to a frightening proportion under the President Buhari administration.

The main opposition party also said that it amounts to a huge disservice to the country if a person of such high office of the vice-president would allow himself to be used to distort figures to deceive Nigerians.

Osinbajo had last Saturday at the 9th Public Lecture of Sigma Club at the International Conference Centre, University of Ibadan, said that the Buhari-led administration inherited a debt of $63 billion and has only borrowed $10 billion since it took office in 2015.

He had said: “In 2010, our debt was $35 billion, $41 billion in 2011, $48 billion in 2012, $64 billion in 2013, $67.7 billion in 2014, $63.8 billion in 2015, $57.8 billion in 2016, $70 billion in 2017 and $73 billion in 2018.

“The nation’s debt as at today was $73 bilłion, an increment of $10 billion from the $63 billion inherited in 2015.”

He said the nation’s oil earnings was $119.8 billion between 1990 and 1998, $481 billion from 1999 to 2009 and $381 billion from 2010 to 2014, while the present administration has only earned $112 billion from June 2015.

“The earnings from oil from 2010 to 2014 were the highest recorded in the history of the country. This is a period when the price of oil per barrel sold from $100 to $114,” he said.

But the National Publicity Secretary of the PDP, Mr. Kola Ologbondiyan, while addressing a press conference Wednesday in Abuja, said that in a desperate attempt to divert attention from the failures of the Buhari administration, Osinbajo falsified financial templates to argue that this government has no blame in the accumulation of debts under its watch.

He stated: “The PDP also wishes to bring to the attention of Nigerians the deliberate distortion of facts by Vice-President Yemi Osinbajo regarding the nation’s debt profile, which escalated to a frightening proportion under the Buhari administration.

“It is an incontrovertible fact that the Buhari administration has accumulated more debts than any other administration in the history of our nation.

“Our dear vice-president forgot that Nigerians are aware that between 2016 to 2017 under President Buhari, our annual borrowing was about N3.7 trillion as against the N1.04 trillion annual borrowing perimeter between 2008 to 2015. Between 1999 and 2007, the annual borrowing perimeter was as low as N96 billion.

“To deceive the public and divert attention to the alarming borrowing spree of the Buhari administration, the APC-led federal government converted domestic debt borrowed in naira under its watch to the US dollar so that the very high exchange rate will make the domestic debt look smaller in dollars.

“This is a deceptive picture because the domestic debt was accumulated in naira and not in dollar.”

Ologbondiyan pointed out that the domestic debts of states were not part of the database until 2013, and therefore, a sincere comparison of debts over the years should have focused on total external debt and federal government’s domestic debt.

According to him, “In view of the above, if Vice President Osinbajo, a professor of law, was not being economical with the truth, the appropriate comparison should be to have the domestic debt in naira and convert the external debt to naira to get national debt for each of the years, which shows that the Buhari administration has accumulated more debts than any other administration.”

“We, therefore, charge the vice-president to refrain from bandying figures that he cannot substantiate, in an attempt to score cheap political points. Nigerians have moved beyond the lies, deception, propaganda, and beguilement of the APC. It amounts to a huge disservice to our nation if a person of such high office of the vice-president will allow himself to be used to distort figures to deceive Nigerians,” he said.

Ologbondiyan added that the party would not allow itself to be dragged down into the marshes of propaganda, smear campaign, lies and deceit of the fading, discredited and rejected APC.

Ologbondiyan said that the party will proffer direction to reduce the cost of governance and release funds for development purposes; cut harsh tariff and tax regimes, eradicate corruption and engender enabling environment for business to thrive in a manner that will strengthen the naira and restore investor confidence in the country’s economy.

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GTBank Holds 9th Annual Autism Conference July 30th – 31st

Gbemileke Ajayi

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For the ninth year in a row, Africa’s foremost financial institution, Guaranty Trust Bank plc, will bring together some of the world’s leading experts in Autism for two days of critical discourse on supporting children and adults living with Autism in Africa.

Organized as part of the GTBank’s Orange Ribbon Initiative, the Annual Autism Conference will hold on the 30th and 31st of July 2019 at the MUSON Centre, Onikan, Lagos.

Themed, “Autism: Transitions, Vocational skills and The Role of Technology,” the Annual Autism Conference will bring to the fore the challenges facing children living with Autism as they grow into adulthood. The conference will feature presentations and keynote addresses on how to empower children and adults living with Autism to reach their full potential. Some of the facilitators include Dr. Loretta Burns, a leading expert in the field of neurodevelopmental disorders and the founder of ABE International Clinic; Dr. Tisa Hooper-Johnson, the Medical Director of the HFHS Center for Autism and Developmental Disabilities (CADD), USA;  Janette Washington, a speech-language pathologist with nearly a decade of experience working with children living with autism and other special needs; and Ivie Emokpae, a qualified special needs coordinator from the Institute of Education London.

Following the Autism conference will be free one-on-one consultations for children with Autism and other developmental challenges, as well as counseling for parents and guardians. There will also be sessions for Speech Therapy, Physical Therapy, Behaviour Analysis, Audiology, Clinical Psychology, Developmental Psychiatry, Physiotherapy, and Occupational Therapy. These sessions will hold from Thursday, August 1st to Tuesday, August 6th, 2019 at Digital Village, Alausa, Lagos.

Commenting on the 9th Annual Autism Awareness Conference, Segun Agbaje, the Chief Executive Officer of Guaranty Trust Bank plc, said; “Children and adults living with autism often lack the support and vocational training that they need to develop critical life skills for leading independent and productive lives. As an organization that is passionate about uplifting the most vulnerable in our society, we will continue to empower people living with autism with all the support and resources that they need to reach their full potential.”

Guaranty Trust Bank plc is a Nigerian financial institution that has maintained a defined Corporate Social Responsibility (CSR) strategy since its inception in 1990. The Bank actively supports numerous programmes across Africa that positively affect Infant and Maternal Healthcare, Education, the Arts, Community Development and the Environment.

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James Hope College Celebrates Its First Graduation Ceremony

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The James Hope College (JHC) recently marked a milestone in its history. From the Founders’ Dinner on Friday, 28 June 2019 to the Graduation Ceremony on Saturday, 29 June 2019, the college celebrated its pioneer graduating set.

The Founder/Chairman of Zenith Bank Plc, Mr. Jim Ovia who is also, the Founder/Chairman of James Hope College, while giving the Founder’s Address, described the graduating set as one that has spurred growth in academics and co-curricular activities for the College. According to him, from their impressive 100% score (A* – C) recorded in 14 subjects of the IGCSE to the Duke of Edinburgh award, the graduates have set the bar for other students to scale.

Mr. Ovia also awarded full scholarships to the outgoing Head Boy and Head Girl to the University they have gained admission into, as well as scholarships to all graduates to study in government and state-owned tertiary institutions in Nigeria. Co-Founder of the College, Mrs. Kay Ovia, encouraged the students to uphold the ethos they inculcated while in school and continually strive to be better versions of themselves.

The Principal of the College, Mr. Abraham Swart, also commended the tremendous contribution of the Founders to the development of the college, adding that the students have been given the right foundation to soar.

Other notable personalities in attendance were Former VC of the University of Lagos, Prof. Oye Ibidapo-Obe and Former Visiting Professor of Pharmacology at the University of Tennessee, Memphis, Prof. L. F. O. Obika. The graduation dinner was graced with performances from celebrities like Folarin Falana (aka FalzTheBahdGuy), Otolorin Kehinde Peter (aka Kenny Blaq) and BisolaAiyeola.

James Hope College is one of the educational initiatives of the Jim Ovia Foundation, which offers its students world-class education at a subsidized rate. James Hope College is supported by an endowment fund and currently has 40% of its students on a full scholarship. It is located in the serene environment of Agbor, Delta State. Visit JHC online to learn more.

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I Slept With My Brother-In-Law Thinking It Was My Husband —- Woman Tells Court

Gbemileke Ajayi

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A trader, Mrs Kuditat Ajayi, 52, told an Igando Customary Court that she slept with her brother-in-law because she thought he was her husband.

Ajayi’s husband, Akande is seeking the dissolution of their 35-year-old marriage, accusing her of infidelity, NAN reports.

”I was in bed in the night when my husband’s younger brother came to the house my husband rented for me.

“I thought it was my husband who normally comes to the house at that particular time between 9 p.m. and 10 p.m. to play and sleep with me.

“It was after he finished making love to me that I realized that he was not my husband.

“When I queried him, he claimed that my husband had traveled that was why he came to have sex with me.

“I reported the case to my brother’s wife, who advised me not to tell my brother so that peace can reign in the family.”

The respondent said that her husband treats the children of the other wives better than hers.

The mother of four denied being fetish as claimed by husband.

Ajayi prayed the court not to grant her husband’s wish for the dissolution of their marriage that she still love him.

The petitioner, Akande approached the court to terminate his 35-year-old marriage accusing wife of infidelity.

He said that his wife was wayward and adulterous that her man friend was claiming paternity of one of their children.

“When I married her, I rented an apartment for her because I have other wives and I don’t want them to live together.

“I started hearing from people in the area that my wife was having affair with a man, initially I ignored it until her lover came claiming ownership of one of my children.

“The man eventually came to the house but I refused to open the door for him.

“When I questioned my wife, she confessed that the man slept with her but it did not result in pregnancy.”

The 71-year-old businessman said that his wife was fetish.

“I once caught her burying something in my compound, I accosted her and tried to remove what she buried there but I could not.

“I went out before I returned, she had cemented the place.”

He begged the court to end the marriage that he was no longer interested that the love he once had for her husband had faded.

The president of the court, Mr Adeniyi Koledoye, urged the two parties to maintain peace and adjourned the case until August 22 for judgment.

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