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“No Pathway To Victory For Me” – ADC Presidential Candidate Kachikwu Surrenders, Seeks Labour Party-PDP Alliance

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Dumebi Kachikwu, presidential candidate of the African Democratic Congress (ADC), says he is forced to accept the sad reality that he cannot win.

The presidential election is billed to take place across the country on Saturday, February 25.

On February 20, TheCable reported that the interim leadership of the ADC blamed Ralph Nwosu, the national chair who was recently removed by a court, for being responsible for actions of aggrieved factions destabilising the party.

Prior to this, some chieftains of the party led by Nwosu declared their support for Peter Obi, presidential candidate of the Labour Party (LP), while another faction endorsed Atiku Abubakar, presidential candidate of the Peoples Democratic Party (PDP).

Similarly, Biyi Otegbeye, governorship candidate of ADC in Ogun state, declared his support for Bola Tinubu, the All Progressives Congress (APC) standard bearer.

Speaking at a news conference on Thursday in Abuja, Kachikwu said although there is no hope of him clinching the presidential seat, he will not quit the race.

“I am forced to accept the sad reality that there is no pathway towards victory for Ahmed and me,” NAN quoted him as saying.

“I will, therefore, make a different argument today and it is the case for a Nigeria that works for everyone.”

Kachikwu, however, commended the acceptance of Obi by the youths, adding that to defeat the ruling party at the polls, LP and the PDP must form a formidable partnership.

“As true democrats, the leadership of both the PDP and Labour Party must find a way to work with the other smaller parties towards building a formidable coalition that ensures that the contest is even,’ he said.

“Any attempt to go this alone guarantees another four years for the APC. Beyond this, we must accept the reality that except Northern Nigeria miraculously comes together in the next 24 hours to throw their support for the PDP candidate, the race looks likely to favour the APC candidate.

“I subscribe to the argument that the Igbo have not had a fair share in the Nigerian nation, most of the blame for this must go to our leaders who mostly subscribe to self and family as against building their states or region.”

BIG STORY

Former Senate Spokesperson Ayogu Eze Dies At 66

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Ayogu Eze, a former spokesperson for the Senate, passed away at the age of 66.

Eze, the senator from Enugu North Senatorial District from 2007 to 2015, died on Thursday in a hospital in Abuja following an undisclosed illness.

In May 2023, the Senate confirmed Eze as a federal Commissioner for Revenue Mobilisation Allocation and Fiscal Commission. Eze is also among the founding members of the Peoples Democratic Party.

In his years at the Senate, he also served as the chairman of the Senate Committee of Works and a member of committees on Constitutional Amendment, Police Affairs, National Planning, Marine Transport and Federal Character & Inter-Government Affairs.

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Lagos Workers Now Earn N70,000 As Minimum Wage Since January — Sanwo-Olu

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The executive Governor of Lagos State, Babajide Sanwo-Olu, has disclosed that workers have been enjoying an additional N35,000 wage allowance since January.

He also disclosed that a new minimum wage programme will shortly be implemented by the state administration.

According to the governor, since the start of the year, people who were previously making the minimum wage of N35,000 or more now receive salaries of N70,000 or more.

“The civil servant and all public officers in Lagos know that since January, we have continued to pay the wage allowance of a minimum of N35,000 over and above what they were earning before.

“What this means is that people that are earning a minimum of N35,000 or more before are now earning over N70,00. That is what they have been enjoying since January.

“So it is important for people to know that we make these things very clear that this government has doubled up to ensure that at this difficult time, it has not left the citizens on their own,” Sanwo-Olu said at a state function on Thursday.

The governor while giving an update on the intervention the state embarked on to ameliorate the current economic hardship,  said his administration will distribute food items to 500,000 households in the state through unions and local governments.

Speaking on the ‘Ounje Eko’ initiative, where food items are sold at discounted prices, the governor said, “We created 59 makeshift markets outside of the regular markets out of our 57 local government and local council development areas and made it Sunday-Sunday market.”

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How Binance Executive Tigran Gambaryan Planned Prison Escape, Applied For New US Passport

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Tigran Gambaryan, the detained Binance Holdings Limited executive, has made attempt to escape from Kuje Correctional Facility.

According to The Punch, Mr Gambaryan who is currently remanded in Kuje Correctional Facility, applied for a new United States of America passport, under the pretence that his seized passport was missing.

EFCC sources, on Wednesday, under anonymity said that the Armenian-born Binance executive, Gambaryan who has both American and Armenian passports, told the US Embassy in Abuja that he lost his passport which is currently being held by the anti-graft Agency.

Following the development, the EFCC has urged the Federal High Court sitting in Abuja to disregard Gambaryan’s bail application, while noting that the Armenian-American could flee from Nigeria like his Kenyan-British colleague, Nadeem Anjarwalla who fled to Kenya.

A source, privy to the investigations, revealed that “The second Binance executive, Tigran Gambaryan, who is currently remanded in Kuje prison, has planned to escape from the facility. He applied to the US embassy in Abuja to issue him a new Visa while lying that he lost his passport which was seized by the EFCC.”

Another source, under anonymity, added that “Gambaryan could have escaped from Kuje if not for the fact that the US embassy flagged his request for a new passport. Fortunately, the US embassy immediately reached out to the EFFC, and the embassy was informed that he’s a criminal suspect whose case is currently in court for alleged money laundering – concealing the source of the $35,400, 000 generated as revenue by Binance in Nigeria knowing that the funds constituted proceeds of unlawful activity.”

Meanwhile, the EFCC had on Tuesday, urged Justice Emeka Nwite of the Federal High Court Abuja to deny Gambaryan’s bail application.

The anti-graft agency said it was too risky to admit the foreigner to bail, noting the escape of his co-defendant, Nadeem Anjarwalla, from the custody of the National Security Adviser and his escape to Kenya.

Besides, the prosecuting counsel for the EFCC, Ekele Iheanacho, told the court that the anti-graft agency uncovered an alleged plot by Gambaryan to obtain a new passport to facilitate his escape from Nigeria after the EFCC had seized his passport.

Gambaryan, his fleeing colleague, Anjarwalla, and Binance Holdings Limited are being prosecuted by the EFCC on money laundering charges.

The anti-graft agency accused them of concealing the source of the $35,400, 000 generated as revenue by Binance in Nigeria knowing that the funds constituted proceeds of unlawful activity.

Opposing Gambaryan’s bail application on Tuesday, the EFCC prosecutor said, “There was an attempt by this defendant to procure another travelling document even when he was aware that his passport was in the custody of the state. He pretended as if the said passport was stolen.”

Iheanacho told the court that within the same period that Anjarwalla fled the custody, Gambaryan also allegedly made moves to escape from custody and flee the country but was intercepted by the operatives of the commission.

“This court will be taking a grave risk to grant the defendant bail. This is also because he has no attachment to any community in Nigeria.

“The experience we have had with the man who escaped to Kenya while his United Kingdom passport is in Nigeria will certainly repeat itself if this defendant is granted bail.

“The 1st defendant (Binance) is operating virtually. The only thing we have to hold on to is this defendant. So, we pray My Lord to refuse bail to the defendant.”

Iheanacho said with the intelligence information at the EFCC’s disposal it was not safe to release the foreigner on bail.

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