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.
AGURA STOOL: Ajiboso Ruling House Will Produce the New King
The ongoing Kingship tussle presently in Gbagura Kingdom of Abeokuta has taken a new dimension as the Ajiboso ruling house is presently claiming the rightful mandate to the throne.
However an Ogun State High Court sitting in Abeokuta has been asked to declare the appointment of Saburee Babajide Bakre to fill the vacant stool of Agura of Gbagura as null and void by the Ajiboso ruling house for the stool of Agura of Gbagura, in Abeokuta Ogun state, Prince Adetayo Mufutau Adedeji Lugboso.
The Ajiboso ruling house declare that the election of Bakre by the kingmakers was irregular and of no effect and give an order directing the Jiboso Ruling House to present a candidate to the kingmakers in accordance with the Agura Chieftaincy Declaration of 1958.
The Agura Chieftaincy Declaration of 12th November 1958, recognises two ruling houses; namely Ajiboso and Egiri.
Citing the Agura of Gbagura Chieftaincy Declaration, Lugboso claimed that the emergence of Saburee Bakre as the new Agura is an aberration to the thrown as instituted by his uncle, a retired judge who used his influence to foist Bakre on the family even when he knew that he was not a prince nor qualified to be appointed as the Agura of Gbagura.
He further stated that Bakre does not qualified to be nominated for the Agura stool, adding that it is the turn of Ajiboso ruling house to produce the next king.
In order to avert crisis in the Kingdom, Rtd. Justice Bakare is using his influence and power among his people and has single-handedly chose Saburee Babajide Bakare who recently claimed the name of Jamolu, the first king of Gbagura.
Oba Jamolu is from Ajiboso ruling house and not Egiri family while the so called Bakare claimed to have hail from Egiri ruling house which he doesn’t even know the Egiri’s ancestoral home in Iddo.
Justice Bakare, has since been fabricating false stories in the kingdom to suit his narratives while he’s ignorant of the history of both ruling house and the kingdom as a whole.
Bayewumi Balogun Ojo who was brought up in Isapon area in Abeokuta is not a kingmaker and does not have any knowledge about the kingdom aside the one fed him by Bakare is conniving to falsely and forcefully impose Bakre who does not belong to any of the ruling house to be the next Agura.
Therefore, the Ajiboso ruling house is hereby using this medium to inform the general public that any attempt to impose an unknown person on the people of Gbagura Kingdom will be resisted by all means necessary.
The head of the Ajiboso ruling house, Prince Mufutau Lugboso caution the outgoing Governor of Ogun State or his agents from acknowledging the purported appointment of Bakre as the Agura of Gbagura.
“it all started when Balogun Ojo, Balogun Ika, Justice Bakare and chief kingmakers introduced application form publicly to the throne at the rate of 50, 000 Naira which was obtained by 19 person without any interview.”, Prince Lugboso posited.
Aside Oba Laloko, seven Agura has been enthroned namely Oba Jamolu ruled the kingdom from 1870 – 1877 while Ijaade from the Egiri Ruling House, between 1877 to 1893, Oba Olubunmi; from Jiboso between 1897 to 1910.
Others were Oba Abolade from the Egiri royal house ruled the kingdom between 1910 to 1915, he became the king with so much influence and power because he belong to non of the ruling house which led the Iwarefas’ to return the kingship back to Egiri ruling house.
Oba Adeosun then took over from Abolade and ruled the kingdom from 1915 – 1936.
Between 1936 and 1960, Oba Bakare Laloko became the Agura with the power of Balogun Iddo Olalekan which is clear to the people of Gbagura that he’s from Igbore land beside Lemboye’s house in Abeokuta claimed Ajiboso family while his mother is not related to the family in anyway.
Oba Rauf Adeosun, from the Egiri was coronated in 1961 but joined his ancestors in 1978. The throne was supposed to return to Ajiboso family, this brought about another irregularity which made the past king, Oba Adebayo Ajani Laloko who transited last year.
14 Professors, 66 Others Shortlisted For SAN Awards
The Legal Practitioners’ Privileges Committee (LPPC) has released the names of 80 lawyers it is considering for the conferment of the award of Senior Advocate of Nigeria for 2019.
Among the 80 shortlisted lawyers were Lagos-based activist lawyer, Mr. Ebun-Olu Adegboruwa, and 13 professors, who are being considered for the award under the academic category.
The 13 professors are Joseph Abugu, Damilola Olawuyi, Olaide Gbadamosi, Mamman Lawan, Uchefula Chukwumaeze, Oludayo Amokaye, Alphonsus Alubo, Rasheed Ijaodola, Sampson Erugo, Edward Oyewo, Oghenemaro Emiri, Bankole Akintoyesodipo and Afeisimi Badaiki.
In a Monday newspaper advertorial signed by the LPPC Secretary/Chief Registrar of the Supreme Court, Hadizatu Mustapha, the body said the 80 shortlisted lawyers had sailed through the “first and second advocates’ filtration, academic pre-qualification exercise and the appeal process, preparatory to the award of SAN for the year 2019.”
Mustapha said the general public was at liberty to comment on the integrity and reputation of the shortlisted candidates.
“Any complaint(s) presented to the Legal Practitioners’ Privileges Committee must be accompanied with verifying affidavit deposed to before a court of record in Nigeria.
“Ten copies of such comments or complaints must be submitted at the office of the Secretary, Legal Practitioners’ Privileges Committee, at the Supreme Court of Nigeria Complex, Abuja, not later than 4:00 p.m. on Monday, 17th June, 2019,” she said.
Don’t Blame PDP, They Are Handicapped By The Feelings Of Their Colossal Defeat — Tinubu
President Muhammadu Buhari and the National Leader of the All Progressives Congress (APC), Bola Tinubu, on Monday met in Makkah, Saudi Arabia.
Senior Special Assistant to the President on Media and Publicity, Garba Shehu, said both men met at the breaking of fast dinner (Iftar).
Also at the dinner meeting were the Sultan of Sokoto, His Eminence, Alhaji Muhammadu Sa’ad Abubakar III and the Emir of Kazaure, Dr. Najib Hussaini Adamu.
Tinubu, speaking after the dinner appealed to elder statesmen to avoid inflammatory statements that could undermine peaceful co-existence among the nation’s diverse communities.
The former Lagos State governor said all citizens should consider the enormity of challenges facing the nation, and support the president.
He urged Nigerians to rally round President Buhari to solve the problems and stabilise the polity.
“The president has worked hard and will continue to do so to ensure peace and stability in the country, which are important for the economy to make progress. These are the key pegs of his agenda. Let us all come together to support him,” he said.
Tinubu accused the People’s Democratic Party of being reputed for “saucy and distractive statements,’’ urging Nigerians not to be angry with the opposition party, but assist them to overcome their “colossal defeat” in the February 2019 elections.
“Don’t blame them. They are handicapped by the traumatic feelings of the colossal loss of the election. You should help them to manage the trauma,” he added.
Tinubu commended President Buhari for the recognition of June 12 as the nation’s Democracy Day.
In his remarks, Sultan Abubakar pledged his support for the success of the president’s administration.
The Sultan led prayers for President Buhari’s second term in office, and for the nation to overcome its current challenges.
Other guests at the Iftar dinner were Nigerian Ambassador to Saudi Arabia, Justice Isa Dodo, Malam Mamman Daura, Isma’ila Isa, Mr Wale Tinubu and Mr Hakeem P. Fahm, the Commissioner of Science and Technology, Lagos State.