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The Peoples Democratic Party (PDP) has described the claim by President Muhammadu Buhari that the party squandered the sum of $500bn oil proceeds within 16 years as baseless, unfounded, and unsubstantiated. The party urged the President not to allow his aides railroad him into peddling such groundless allegations and bandying of unverified figures, as doing that could detract from his personality.

PDP National Publicity Secretary, Kola Ologbondiyan, in a statement on Tuesday, said the figures alluded to by the President does not even tally or reflect the actual oil related profile of the nation during the said period and urged the President not to allow his handlers set him up for public ridicule. The PDP said. “The entire country is aware that the Presidency is on a feverish mode over their bound to fail 2019 re-election bid for which they have resorted to making spurious claims against the PDP even when it is clear to Nigerians that the PDP has since rebranded while preponderance of those who mismanaged the nation’s resources have now found a safe haven in the Buhari-led All Progressives Congress (APC).

“The party however challenged President Buhari to name one corrupt person in the repositioned and rebranded PDP and it will hand him a list of an army of corrupt persons who are hiding in his APC including those who funded his 2015 presidential campaigns with stolen money in addition to his many cronies who are now frittering away billion of naira under his watch.“We know that President Buhari did not source his figures, otherwise we would have directly taken him to task on the veracity of his claims and detestable image of his party.

“We however ask; is the President and his handlers not aware of the humongous corruption going on under the Buhari Presidency? What have they to say to the recent Transparency International (TI) report which shows that corruption has worsened under the Buhari administration? What have they to say about the official memo detailing shady oil deals to the tune of N9 trillion ($25 billion) at the NNPC which is directly under the purview of the President as minister of Petroleum resources? “The Presidency is yet to address its complicity in the heavy sleazes in the National Health Insurance Scheme where billions of naira have allegedly been siphoned by their agents, in spite of the Treasury Single Account (TSA); the alleged diversion of N1.1 trillion worth of crude oil and the frittering of billions of naira meant for rehabilitation of Internally Displaced Persons in the northeast, all to service APC interests?

“Nigerians are alarmed by the President’s claim that his administration inherited a collapsing economy when it is common knowledge that he was actually handed a thriving economy, ranked the third largest in Africa and one of the fastest growing in the world.“Has Mr President forgotten that when he assumed office in 2015, the value of our naira was N185 to 1USD? Nigerians are aware that the naira went as low as N510 to 1USD and in case Mr President is not aware, Nigerians are also ridiculing his much touted strengthening of the naira. “We therefore urge President Buhari and his dysfunctional APC to come to terms with the fact that Nigerians now know the truth and can no longer be swayed by propaganda and false claims with which the APC hoodwinked the nation in 2015.”

BIG STORY

Senate Passes Bill For Ijebu State Creation For First Reading

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The Nigerian Senate on Tuesday passed a bill for the creation of Ijebu State, marking the first reading of the proposal during its plenary session.

The bill, which seeks to establish Ijebu as an independent state, was sponsored by Senator Gbenga Daniel, representing Ogun State.

Titled the “Constitution of the Federal Republic of Nigeria (Sixth 1 Alteration) Bill, 2024 (Creation of Ijebu State),” the proposed legislation aims to carve out Ijebu from the current Ogun State.

The bill was introduced by Senate Majority Leader Michael Bamidele of the All Progressives Congress as the “fourth order of the day” during the plenary.

After reading the title of the bill, Senate President Godswill Akpabio moved the proposal forward, passing it for its first reading and setting the stage for further legislative processes.

The bill will now undergo a series of discussions and evaluations before it can proceed to the next stages of approval.

The push for the creation of Ijebu State is part of a broader national discourse on the need for more state creation across Nigeria, particularly in regions where there are growing demands for administrative autonomy.

If the bill successfully progresses through the required legislative procedures, Ijebu, currently a part of Ogun State, could become a separate state with its own governance structures.

This development comes amid increasing calls for state creation in various parts of the country, with proponents arguing that new states could better address local needs, foster economic growth, and enhance political representation.

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BIG STORY

An Aspirant Gave Each Delegate $30,000 During PDP Primary In 2022 — Dele Momodu

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Dele Momodu, publisher of Ovation Magazine, says he regrets spending about N50 million to buy the presidential nomination form of the Peoples Democratic Party (PDP) in 2022.

Momodu spoke in a recent interview on Eden Oasis, published on Sunday.

The journalist and politician said the primary was heavily monetised, with a particular aspirant doling out $30,000 to each of the 774 delegates who voted during the election.

The politician stated that he would not vie for any party’s presidential ticket unless he is adopted as a consensus candidate.

“Experience is the best teacher. I have come to realise that there are powers that you can describe as principalities that control Nigeria,” he said.

“Unless a major political party decides to adopt me — where you have a consensus of people who say Dele Momodu is best suited to change and to lead Nigeria. Then I will consider it.

“But if I have to pick my money to buy a presidential nomination form of about N100 million… I spent about N50 million to buy the form for the last one.

“N50 million would have bought me a property. It was a waste. I didn’t get even one vote because everything was monetised.

“One of the candidates paid as much as $30,000 per delegate, and we had 774 delegates.

“So, how do you want to compete with them? They have stolen the country blind and are doing all kinds of deals to make money, especially those in the oil-rich areas.

“It is not easy. You can’t compete with them. That’s why they insult Nigerians anyhow because of the amount of money available to them in raw cash. There’s no country where people buy raw cash like Nigeria.

“The bulk of their money is not in any bank. So, they are not traceable to any bank. So, they have the money. If today you say to some politicians that you need $500 million to become a president, they will find it.

“So, people like us, where will I start from?”

Momodu was one of the presidential hopefuls of the PDP at the time. He did not secure any votes during the exercise.

Atiku Abubakar clinched the presidential ticket with 371 votes to beat his closest challenger, Nyesom Wike, now minister of the federal capital territory (FCT), who polled 237 votes.

Abubakar was defeated by Bola Tinubu of the All Progressives Congress (APC) in the 2023 presidential election.

Bukola Saraki, former senate president, scored 70 votes; Bala Mohammed, Bauchi governor, got 20 votes; Udom Emmanuel, former governor of Akwa Ibom, secured 38 votes; while Pius Anyim, former secretary to the government of the federation, polled 14 votes.

Sam Ohuabunwa, a businessman, alongside Momodu and Ayodele Fayose, the former governor of Ekiti, received zero votes.

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BIG STORY

We’ll Reintroduce Bill Seeking 6-Year Single Term For President, Governors Despite Rejection — Rep

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Ikeagwuonu Ugochinyere, a member of the House of Representatives, says the push for a six-year single term for president and governors will continue despite the bill’s rejection.

The bill, which was slated for a second reading during Thursday’s plenary session, was rejected by lawmakers in the Green Chamber.

Sponsored by Ikeagwuonu from Imo State and 33 other lawmakers, the bill also sought to amend Section 3 of the Constitution to recognize the division of Nigeria into six geopolitical zones.

Briefing journalists on Thursday evening, the lawmaker described the rejection of the bill as a “temporary setback.”

“The struggle to reform our constitutional democracy to be all-inclusive and provide an avenue for justice, equity, and fairness has not been lost,” he said.

The lawmaker added that voting against the bill by the parliament “does not put an end to agitation and hope that we will realise this objective.”

“This is a temporary setback which does not affect the campaign for an inclusive democratic process,” he said.

The Imo lawmaker stated that the sponsors of the bill will review the decision of the House and “find possible ways of reintroducing it after following due legislative procedures.”

“All I can tell Nigerians is that we will continue the advocacy and convince our colleagues to see reason with us. If elections are held in one day, it will reduce cost and rigging,” he said.

“If power rotates, it will help deescalate political tensions, and a six-year single term will go a long way in helping elective leaders focus on delivering their democratic mandate.”

“All hope is not lost, we will continue the advocacy, and we hope that when reintroduced, our colleagues will support it.”

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