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BIG STORY

Nigeria Didn’t Become Failed State Under Jonathan, It Won’t Now —– Lawan

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Senate President Ahmad Lawan says the security challenges plaguing the country cannot make it a failed state.

Lawan said this on Saturday when he launched the 2021 empowerment programme to 2000 beneficiaries of Katsina central senatorial district.

In December 2020, Financial Times said Nigeria was “on the brink” of becoming a failed state.

The international business newspaper cited insecurity, stalled economic growth, and weak institutions as some of the country’s biggest challenges.

On Friday, Nigerian governors elected on the platform of the Peoples Democratic Party (PDP) said the country is gradually moving towards becoming a failed state if the current trend of security challenges continues.

Lawan, however, said those projecting Nigeria as a failed state “are missing the point”.

He said if the country did not become a failed state during the era of ex-President Goodluck Jonathan, then it was impossible for it to fail now.

“Those who were saying that in the present circumstance caused by insecurity, that Nigeria could turn a failed State, approaching a failed State or may likely end up a failed State, are missing the point because Nigeria can never be a failed state,” Lawan said.

“Again they forget that when a state of emergency was declared in some parts of the North-East during the Goodluck Jonathan administration, Nigeria did not turn a failed state, let alone the present.”

The number three citizen called on all stakeholders to join hands with President Muhammadu Buhari-led administration to overcome the present challenges facing the nation.

BIG STORY

BREAKING: EFCC Takes Over Nestoil Boss, Ernest Azudialu’s Ikoyi Residence

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Nestoil and NECONDE Boss, Ernest Azudialu, is caught up in the turbulence of steep and unforgiving commerce and the sad fact is that he lacks the instinct and judgment required to wade through the scary storm.

Yes, the truth dawned on the Anambra State-born flamboyant dude in a moment of profound terror.

According to The Capital, Azudialu’s massive mansion located in the pristine and prosperous Modupe Alakija Crescent formerly known as Ikoyi Crescent has been sealed by the Economic and Financial Crimes Commission, EFCC.

A reporter who was at the house affirmed that the anti-graft agency’s red ink embarrassingly announcing that the property was under investigation is boldly written on the building.

Whether Azudialu and his family can access the home is, however, not certain as at press time. What is sacrosanct, though, is that the property he calls home is now a subject of investigation by the EFCC.

This is coming at a time when the residents of the very serene and exclusive neighbourhood and Lagosians conversant with happenings in high society felt that what happened to Festus Fadeyi, the chairman of Pan Ocean Corporation, an indigenous independent oil and gas company, would not have an encore there. Fadeyi’s mouth-watering mansion, which had served as his family home for several decades in the same street, was confiscated by the Assets Management Corporation of Nigeria, AMCON, last year. The federal government agency took over Fadeyi’s Pan Ocean Corporation’s assets and its subsidiaries over bank loans totaling about N240billion.

Now, it is the turn of Nestoil’s Azudialu. This has left high-profile residents of Ikoyi shell-shocked because he was perceived to be a decent businessman despite his la Vida loca lifestyle. Although the reasons behind the EFCC’s action are sketchy, there are speculations that he is under investigation for financial crimes.

A while ago, he ran into stormy waters with a foremost commercial bank, which solely financed his Nestoil Towers straddling Akin Adesola and Saka Tinubu Streets in Victoria Island.

The allegation then was that he defaulted in servicing the facility that he obtained to build the towers.

In the past dispensation of former President Goodluck Jonathan, he benefited from juicy contracts and basked in luxury accruable from his position as Nestoil boss and a player in Nigeria’s oil industry. As cool cash flowed into his accounts, Ernest developed a taste for expensive luxury and soon he was known for his obsession with aircraft and his penchant for acquiring private jets and pricey automobiles.

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BIG STORY

Okorocha To FG: Give Me N76billion And I’ll Create One Million Jobs From Cattle Business

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Rochas Okorocha, former governor of Imo state, says he can create one million jobs from cattle rearing if provided with the financial capital.

In recent times, Nigeria has witnessed a spate of farmers-herders crisis in many parts of the country, which has led to the loss of lives and property.

As a result of the crisis, 17 southern governors, last Tuesday, resolved to ban open grazing in their region, after a meeting in Asaba, Delta state.

Speaking on the development in an interview on Sunday Politics, the senator representing Imo west said the country should look into the business of cattle rearing, noting that billions by not handling it well.

“Let me talk to Nigerians for the first time as a businessman. Do you know how many billions of dollars this nation is losing by not handling this business of cattle well in the Federal Republic of Nigeria,” he said.

“This business of cattle can create one million jobs for Nigerians, if well-managed. I wish Nigerians can call me or the government will call me and say Okorocha this seventy-six billion.

“We want to give you, it is your share, take it and fix the cattle business. If I do not create one million jobs within the shortest time, just know I’m not Rochas.

“This is business. See money and people are just joking with it. We used to be exporters of leathers, skins. What about dairy products and milk?

“Assuming we have this business, do you know how many welders and fabricators will build body carriers for the cows, while we import the head from China and fix it.”

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Daily COVID Tracker: NCDC Records Seven Infections ,Lowest Single-Day Count In 5 Months

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The Nigeria Centre for Disease Control (NCDC) says the country recorded seven fresh coronavirus infections on Sunday — representing the lowest single-day count so far in 2021.

The latest cases of COVID-19 were recorded in two states, according to the agency’s update for May 16, 2021.

States that recorded new positive samples are Niger (5) and Rivers (2).

The NCDC reported zero death from COVID-19 complications on Sunday, leaving the death toll at 2,066.

Also, one person was discharged on Sunday after recovering from the infection.

Out of a total of 165,709 COVID-19 cases now confirmed across 36 states and the FCT, 156,413 patients have recovered.

 

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