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The Peoples Democratic Party (PDP) has called on President Muhammadu Buhari to step aside as Nigerian president, if he has no clue to the economic situation confronting the country.

The opposition party, in a statement signed by Deji Adeyanju, its director of new media accused Buhari’s administration of incompetence, saying he should resign rather than worsen the nation’s economic hopes.

“We join all well meaning Nigerians to call on Mr. Buhari to resign if he is unable to reverse the disastrous economic decline he has brought on Nigerians” PDP said.

The party said that considering the Wednesday report of the National Bureau of Statistics which revealed that Nigeria’s economy had fallen deeper into recession since May 29, 2016 when Buhari became president.

Recall that NBS report also explained that Nigeria’s Gross Domestic Product contracted by 2.06 per cent, marking the first major recession in 29 years for Africa’s largest economy.

The PDP in its statement argues that the economic reality of the country, is a direct function of Buhari’s “ineptitude and incompetent” approach to leadership, maintaining that the economic management which were a rehash of the “archaic and incoherent economic policies” he similarly pursued as the head of a military junta between 1983 and 1985.

“Nothing better showcases the absolute ineptitude and incompetence of the Muhammadu Buhari administration than the GDP, Inflation and unemployment figures released by the Nigerian Bureau of Statistics today,”

“The result of these indices is that Nigeria is in its worst economic state for 29 years —dating back to 1987 when the nation had to take harsh steps to recover from President Buhari’s policies of 1984-85.”

“As with 1984-85, companies are fleeing our shores in droves. Manufacturers Association of Nigeria (MAN) recently stated that 272 companies have shut down in the past one year,” PDP said, adding that it was unimpressed by the worrisome style of the APC led government.

“Our dismay is worsened by the fact that every sphere of the Nigerian socio-political space (ranging from the conduct of elections, human rights, respect for the rule of law, security, technology, health etc) is negatively affected by the Buhari administration,”.

BIG STORY

High Court Rejects Nnamdi Kanu’s Plea For Bail, House Arrest

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The leader of the proscribed Indigenous People of Biafra (IPOB), Nnamdi Kanu, had another bail application denied by a federal high court in Abuja.

The presiding judge, Binta Nyako, also rejected Kanu’s request to be moved from the Department of States Services (DSS) to a correctional facility.

Additionally, the defendant’s plea to be put under house arrest was denied.

The federal government has proposed a seven-count indictment against Kanu that borders on treasonable felony.

Kanu is currently facing trial on this charge.

Remember how the court granted Kanu bail in 2017 despite the federal government’s treasonable felony accusations against him?

However, the court revoked Kanu’s bail and issued a bench warrant for his arrest after he failed to present himself as required.

The IPOB leader was rearrested in Kenya in 2021 and extradited to Nigeria, after being on the run for a few years.

In April 2022, Nyako struck out eight of the 15 counts in the charge.

The remaining seven counts were also quashed by the court of appeal on October 13, 2022, with the judge ordering Kanu’s release.

However, on October 28, 2022, the court of appeal granted a stay of execution on its verdict discharging Kanu, after the federal government filed an appeal at the supreme court.

On December 15, 2023, a five-member panel of the apex court reversed the verdict of the appeal court and ordered Kanu to resume his trial before the federal high court.

  • Bail Application

In the fresh bail application, Kanu asked the court to restore his bail which was revoked in 2017.

In the alternative, he asked to be removed from the custody of the DSS and placed under house arrest, or to be remanded in prison.

The defendant said contrary to the federal government’s claim, he did not jump bail or breach any of the conditions of the 2017 bail, but had to flee the country when soldiers allegedly invaded his house in Abia.

He told the court that he would have been killed if he had not escaped the way he did, and accused the federal government of misleading the court in getting the bail revoked.

He also asked the court to set aside the arrest warrant issued against him by the court while he was out of the country.

He also alleged that he does not get proper medical services in DSS custody and he is unable to properly prepare for his defence due to restricted access to his lawyers.

Delivering the ruling, Nyako refused the application of the defendant.

She noted that those who stood surety for the defendant in 2017 had approached the court and applied to be discharged after Kanu escaped from the country.

She held that the sureties, in their applications, claimed that they were not aware of the whereabouts of the defendant, a scenario that forced the court to order the forfeiture of their N100 million bail bonds.

According to the trial court, the issue is currently pending before the court of appeal.

The court held that having refused Kanu’s request for bail on several occasions, the only option available to him was to take the matter before the appellate court.

However, the judge ordered the DSS to always grant Kanu access to his lawyers not exceeding five persons on every visiting day.

It ordered that Kanu must be given “a clean place” to consult with his lawyers at the DSS detention facility, adding that he must be granted access to a doctor of his choice.

Nyako warned that any attempt by Kanu’s legal team to file similar applications before the court would be regarded as a gross abuse of the judicial process.

“You have an option of appeal, please exercise your right of appeal,” the trial judge added.

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BIG STORY

I Need 35 Visas To Travel Within Africa But French Investors Don’t — Dangote

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Aliko Dangote, Africa’s richest person, says he still faces difficulties travelling in Africa with his Nigerian passport.

Dangote spoke recently at the Africa CEO Forum Annual Summit in Kigali, Rwanda.

“I still complained to President Kagame. I told him that as an investor, I have to now apply for 35 different visas on my passport, and I told Mr. President, I really don’t have the time to go and be dropping my passports in embassies to get a visa,” he said.

“But you see, the most annoying thing is that yes, if you are treating everybody the same, then I can understand.”

Using the French passport as an example, Dangote said Patrick Pouyanne, chairman of Total Energies, does not need 35 visas on his French passport to gain access to African countries.

“You don’t need 35 visas on your French passport. This means you have a freer movement than myself in Africa,” he said.

Speaking further on businesses within Africa, he said right now, “our main job is to make sure the regional markets all work. Once they work, then we can now go to Africa Continental Free Trade Agreement (AfCFTA). But then, for AfCFTA also, we need to make sure that it works”.

“We cannot have a very promising continent and our intra-trade rate is less than 16 percent. Okay, so we Africans will have to do it. If we are waiting for foreigners to come and do it, both the development of Africa, it’s not going to happen,” he said.

“So it can only happen to us Africans. We must risk our sources and make sure that we lead, then we will have people who actually trust and believe in Africa like Patrick to come and help us to push to the next level.”

Also, at the event, the business mogul announced that Nigeria will not have to import petrol into the country by June when Dangote refinery commences production of the product.

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BIG STORY

CSO Lauds Navy’s ‘Impressive Results’ In Fight Against Crude Oil Theft

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The Nigerian Navy has received praise from the Civil Centre on Security and Governance (CCSG) for its achievements in thwarting crude oil theft and boosting public revenue.

Speaking on Sunday at a press conference in Abuja, Emmanuel Agabi, a member of the CCSG, praised Chief of Naval Staff Emmanuel Ogalla for exercising the kind of leadership that is leading to success in the battle against crude oil theft.

Agabi stated that the navy’s forward operating bases in the Niger Delta area have been reorganised by the chief naval staff, who has shown a “exceptional commitment” to combating oil theft.

He went on to say that the bold move to secure national assets is the deployment of 500 ballistic boats, two helicopters, and ten warships as part of a special amphibious exercise.

“The results are impressive. Nigeria recorded its highest oil production in almost two years, with crude oil production rising from 1.08 million barrels per day in July 2023 to an average of 1.38 million barrels per day in January and February 2024, representing a 300,000 bpd increase.

Furthermore, from an average of 16 LNG export shipments per month in 2023 to 21 monthly in the first quarter of 2024, Nigeria is now exporting 21 LNG.

“The reduction in oil theft and illegal refining has led to a decrease in oil spills and environmental degradation, which has a positive impact on the livelihoods of people in the region.

“We commend the Nigerian Navy for their dedication and hard work in securing our national assets and increasing government revenue.”

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