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BIG STORY

Buhari To Atiku: You Are A Thief Shouting Thief On Another

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President Muhammadu Buhari has described the presidential candidate of the Peoples Democratic Party for the 2019 election, Alhaji Atiku Abubakar, as a thief calling another thief.

Buhari, who spoke through his campaign spokesperson, Festus Keyamo, on Sunday, said Abubakar has a history of corruption.

The statement by Keyamo reads in full:

A few days ago, the Presidential Candidate of the PDP, Alhaji Atiku Abubakar, called out President Muhammadu Buhari over certain allegations of “corrupt practices” which the President allegedly condones in his government. Whilst we have repeatedly addressed each and every of the instances cited by him to show the transparent nature of the government, it is shocking that the Presidential candidate of the main opposition has refused to issue a personal statement up till this minute clarifying in details his record of crass corruption and abuse of office. He is clearly taking Nigerians for a ride and hopes to distort the ethical revolution in public office that Nigerians clearly desire to his own philosophy of abusing public office to promote private interests. By his subliminal messages, he wants Nigerians to accept that becoming wealthy by abusing public office is not a bad thing after all.

With the avalanche of fake and unsubstantiated news released in the last few days, it is now clear that PDP’s strategy in the run up to the elections is to spread fake news and make wild allegations without any proof against the President and the Vice President.

This is clearly to divert attention from the record of crass corruption and abuse of office of their own candidate. Nigerians cannot and should not be insulted by the PDP after 16 years of looting of the nation, by now putting forward a man whose record of corruption they very much acknowledge, but would rather we all overlook it.

Some of the indisputable facts regarding Alhaji Atiku Abubakar are as follows:

  • The U.S Congress in a report titled, KEEPING FOREIGN CORRUPTION OUT OF THE UNITED STATES: FOUR CASE HISTORIES, featured Alhaji Atiku Abubakar as one of the four notorious cases of money laundering in the world!
  • The Congress report said “Jennifer Douglas Abubakar, a U.S. citizen, is the fourth wife of Atiku Abubakar, the former Vice President of Nigeria and a former candidate for the Presidency of Nigeria…… from 2000 to 2008, Ms. Douglas helped her husband bring over $40 million in suspect funds into the United States, including at least $1.7 million in bribe payments from Siemens AG, a German corporation, and over $38 million from little known offshore corporations, primarily LetsGo Ltd. Inc., Guernsey Trust Company Nigeria Ltd., and Sima Holding Ltd”.
  • Atiku’s co-conspirators, Williams Jefferson and Siemens in the bribery deal were convicted and Jefferson went to jail. By running for President of Nigeria, Atiku intends to get some immunity from prosecution. Already he is hoping to obtain a visa to visit the US, as a guest of the State department, a concession that the US will grant to a Presidential candidate of Africa’s biggest Nation.
  • Both the BBC and Voice of America reported that “In a probe ordered by Mr. Obasanjo, (then Nigerian President) the vice-president was accused of diverting $125m from a public development trust fund into his personal businesses.”; Please see 1016 BBC, Profile: Atiku Abubakar, January 25, 2007, http://news.bbc.co.uk/2/hi/africa/ 6292141.stm (Voice of America, “Nigerian Vice President Charged with Corruption,” October 10, 2006, http:// www1.voanews.com/english/news/a-).
  •    A Senate subcommittee investigating the PTDF indicted Alhaji Atiku Abubakar, having found that he abused his office by aiding and abetting the diversion of public funds in the sum of $145 million” as loans to his friends. This report was a subject of a full-blown investigation by the EFCC which actually recommended his prosecution in a court of law. That report is still pending and alive till today. How do we as a Nation end up with anyone with this sordid record locally and internationally? We have heard the lame defense that the U.S Justice Department said it has no pending case against Atiku Abubakar. That is only defense for the ignorant ones. In the United States, there are indictments the Justice Department can confirm to the world. But there is another category of indictments known as SEALED INDICTMENTS that the Justice Department cannot confirm to anyone. These indictments are sealed under the orders of a Judge. Alhaji Atiku Abubakar has a sealed indictment waiting for him in the U.S. The day he visits the U.S, not as a candidate in an election, he will face charges. There is no question that the reasons for Atiku’s frequent contests for the Presidency are to steal the resources of Nigeria for self-enrichment and to prevent prosecution for his crimes of laundering and receiving bribes. No amount of fake news or ridiculous false allegations against the President or Vice President that can wash away the well-documented history of theft.We also challenge the PDP to publish a single line in the sub-committee recommendation of the House of Reps on the NEMA Emergency purchases where the report accused the Vice President of embezzlement of funds. They either do this within 24 hours or keep quiet forever. It is even noteworthy that the House of Representatives have not adopted any such recommendation to make it a report of the House.We also challenge them to show any proof whatsoever of their allegations regarding the TraderMoni.After three days of publicly announcing that they have hard proof that the President’s relations bought shares in Etisalat and Keystone Bank, the PDP has not produced a single piece of paper, a document of any sort to buttress the grave allegations it made. This is how shameless and callous the Atiku team has become, all in a desperate bid to get their hands on the public purse. Lastly, we challenge Alhaji Atiku Abubakar for the umpteen time to produce his tax receipts for 2015, 2016 and 2017. It is shocking that a man who has not been paying his Personal Income Taxes now says he wants to “get Nigerians working again” – whatever that means. He is only deceiving himself and not the intelligent Nigerians that we know.
  • Thank you.
  • FESTUS KEYAMO, SAN, FCIArb (UK), Director, Strategic Communications, President Muhammadu Buhari Campaign Organisation.

BIG STORY

Access Holdings’ Shareholders Unanimously Back Capital Raising Plan, Hail Aig-Imoukhuede’s Return As Chairman

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  • Re-elect Olusegun Ogbonnewo, Ojinika Olaghere as a Non-Executive Directors

 

The shareholders of Access Holdings Plc (“Access Holdings” or “the Group”) at the 2nd Annual General Meeting (AGM) held on Friday, April 19, 2024, unanimously backed the Group’s plan to establish a capital raising programme of up to US$1.5 billion as well as the subset initiative to raise up to N365 billion, specifically, through a Rights Issue of ordinary shares to its shareholders.

The proceeds of the Rights Issue would be used to support on-going working capital needs, including organic growth funding for its banking and other non-banking subsidiaries.

The shareholders also ratified the appointments of Aigboje Aig-Imoukhuede, Olusegun Ogbonnewo, and Ojinika Olaghere as Non-Executive Directors.

The appointment of Aig-Imoukhuede as the Chairman of Access Holdings was praised by the shareholders, who pointed to his rich history of success with the institution, having transformed it into Nigeria’s biggest lender by market value alongside Herbert Wigwe. Aigboje’s leadership was instrumental in driving the institution’s growth during the 2004 recapitalisation of the banking industry led by the Central Bank of Nigeria (CBN) under the leadership of its former Governor, Prof. Charles Soludo.

“We are thrilled with Aigboje Aig-Imoukhuede’s return to the role of Chairman. His proven track record, experience, and strategic insights position him as the ideal leader to steer Access Holdings towards meeting its lofty targets. During his tenure as CEO, particularly during the recapitalisation directive by the CBN, he steered Access Bank to raise an impressive $2 billion in capital, and this demonstrates his capacity to, once again, lead Access Holdings towards successfully achieving the objectives of our planned Capital Raise and Rights Issue targets,” said Chief Sunny Nwosu, Chairman Emeritus of the Independent Shareholders Association of Nigeria (ISAN).

In line with the Group’s strong financial performance, the payment of a final dividend of N1.80 kobo per every N0.50 Kobo ordinary share for the 2023 financial year was approved, marking a 28 per cent improvement from the corresponding period in 2022.

The Group’s full-year results for the period ending December 31, 2023, showcased an impressive 335 per cent increase in pre-tax profit to N729 billion from N167.68 billion in 2022. The Group also experienced an 87 per cent surge in gross earnings to N2.59 trillion from N1.39 trillion in 2022 and reported a remarkable 306 per cent growth in profit after tax to N619.32 billion, from N152.20 billion in 2022.

Commencing in the second half of 2024, Access Holdings’ global expansion strategy will enter the consolidation and efficiency phase, aligning with its five-year plan to accelerate the attainment of its 2027 strategic objectives. The Group remains focused on driving sustainable growth, and delivering value to its shareholders even as it continues to build a globally connected community and ecosystem, inspired by Africa, for the world.

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BIG STORY

Customs Adjust FX Rate For Import Duties To N1,147/$

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The foreign exchange (FX) rate for duties has once again been modified by the Nigeria Customs Service (NCS) to N1,147.02 per dollar.

When compared to the N1,238.1/$ reported on April 18, this indicates a decline of 7.3 percent. On Friday, the customs rate was observed.

It dropped below the official foreign exchange rate, which ended trading at the Nigerian Autonomous Foreign Exchange Market (NAFEM) on April 18 at N1,154/$.

The drop in the FX rate for customs tariffs and duties is coming amid the Central Bank of Nigeria‘s (CBN) effort to stabilise the naira.

On April 17, the naira appreciated to N1,050 at the parallel section of the FX market, from the N1,100/$ traded on April 15.

Meanwhile, on April 16, President Bola Tinubu inaugurated the national single window (NSW) project to boost trade in Nigeria.

NSW is an electronic portal linking all agencies and players in import and export processes to an integrated platform.

Speaking on the development, Adewale Adeniyi, the comptroller-general (CG) of Nigeria Customs Service (NCS), said the country is making progress with consultations on the reopening of the borders with Niger Republic and Benin Republic.

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BIG STORY

8 Nigerians In South Africa Police Net For “Attacking Officers During Drug Raid”

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Eight Nigerians have been taken into custody by the South African police for reportedly fighting police during a drug operation.

The suspects were taken into custody in the province of the Northern Cape, the police said in a statement released on Friday.

According to the police, the suspects also caused damage to other properties and cars.

“At the time of the arrest, police were tracing information of one of the Nigerian nationals being in possession of drugs,” the statement reads.

“While conducting this search, a large group of Nigerians attacked police. Police fired rubber bullets to disperse the crowd.

“One suspect was arrested for illegal possession of drugs, and three suspects were arrested for public violence and detained at Kimberley Police Station.

“During processing, the suspects broke windows at the station. Additional charges of malicious damage to property were added.

“Another group of Nigerians later approached the Police Station and threatened to retaliate.

“The Operational Commander warned the group to disperse.

“However, upon dispersing, the group damaged police vehicles. Another four suspects were arrested for malicious damage to property.”

Koliswa Otola, police commissioner for the province, commended officers for the arrest of the suspects.

Otola condemned acts of violence against law enforcement agents, saying those who prevent police from exercising their duties “will be dealt with harshly”.

“We will not allow such lawless behaviour,” the commissioner said.

“We are processing the suspects and working with Home Affairs to determine if they are legally or illegally in the country.

“Police will continue to stamp the authority of the state in the Northern Cape Province.”

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