Politics

Edo PDP Expresses Concern Over Okpebholo’s ₦100bn Loan, Says ‘It’s Another Conduit Pipe’

Published

4 months ago

June 25, 2025

...If accessed, Okpebholo would have doubled state’s domestic debt profile in less than eight months – PDP

Edo State chapter of the Peoples Democratic Party (PDP) has expressed “grave concern” over the recent approval of ₦100bn loan to the state governor, Monday Okpebholo, by the state House of Assembly.

The Edo State House of Assembly had on Tuesday approved a ₦100 billion loan facility from First Bank of Nigeria PLC to support Governor Monday Okpebholo’s administration in delivering key infrastructural projects across the state.

Reacting to this development in a statement, Dr Tony Aziegbemi, Chairman, Edo PDP Caretaker Committee, said “If this new loan is accessed, Sen. Okpebholo would have effectively doubled the state’s domestic debt profile in less than Eight months.”

The opposition party, while quoting the Debt Management Office (DMO), noted that “Edo State’s total domestic debt since creation on 27 August, 1991 as at December 31 2024 stood at One Hundred and Twelve Billion Naira (N112,000,000.00).”

The PDP added: “It took 34 years by all governors of Edo State to incur 112 Billion Debt, it is taking Sen. Monday Okpebholo Eight months to double it. This is an alarming development that raises serious questions about the long-term fiscal sustainability of the state; and indeed, about the financial competence of this APC led Administration.”

The opposition lamented that “what is particularly disturbing is the complete absence of transparency surrounding this loan,” stressed that “the people of Edo deserve to know what commitments are being made on their behalf and at what cost.”

The PDP contained: “No information has been provided regarding the identity of nominated contractors, the interest rate, repayment terms, or timeline for execution.

“It is unacceptable that such a significant financial obligation is being incurred without public scrutiny or clear justification.”

Aziegbemi, who expressed worry that “the once vibrant State Assembly has abandoned its constitutional duty to rein in the excesses of the Executive Branch of Government,” reminded the lawmakers that “infrastructure loans of this magnitude are ordinarily sourced from development finance institutions on low interest rate/concessional terms.”

He added: “Securing such a facility from a commercial bank with high interest rates is both fiscally irresponsible and economically short sighted. At the prevailing interest rate of 30% and add Ons, Edo State will be paying 35 billion Naira annually just as interest. This is alarming and acutely not sustainable.”

Aziegbemi continued: “When we raised alarm about the fall in the IGR from about N8bn monthly during the immediate past government to about N2bn monthly, Okpebholo and his hirelings in their jaundiced response lied to Edo people that the State was generating N10bn monthly.

“We are also aware that the Okpebholo government inherited over ₦50 billion in the state treasury from the Godwin Obaseki-led administration less than eight months ago.

“So, how do we justify that a government that inherited such an amount and who claims to be generating over N10bn monthly in IGR is now running to First Bank Nigeria Plc to borrow ₦100 billion. It only but exposes the fiscal irresponsibility of the Okpebholo government and affirms the drastic fall in the IGR, thereby forcing them to resort to reckless borrowing to cover up the shortfall.”

Aziegbemi, who argued that the loan “appears to be nothing but another conduit pipe to slush funds, which Okpebholo plans to service his endless list of godfathers and political thugs who helped him steal the people’s mandate during the last governorship election,” demanded a “full list of the infrastructure projects to be financed; names and profiles of the nominated contractors; the full loan agreement including interest rate, tenure, repayment terms and disbursement schedule, and “all records of proceedings and resolutions related to the loan by the State Executive Council and House of Assembly.”

Politics

FLASHBACK: How Tinubu Blamed Jonathan For Killing Of Christians In 2014

Published

8 hours ago

November 1, 2025

Editor

As allegations of an ongoing ‘Christian genocide’ in Nigeria intensify, a 2014 statement from President Bola Tinubu condemning former President Goodluck Jonathan for failing to protect Christian worshippers has resurfaced, drawing sharp parallels to criticisms now leveled at Tinubu’s administration.

In January 2014, Tinubu, then an opposition leader, lambasted Jonathan over attacks by Boko Haram in Borno and Adamawa states that targeted Christian communities.

“The slaughtering of Christian worshippers is strongly condemnable. It calls into question the competence of Jonathan to protect Nigerians,” Tinubu stated at the time.

By April 2014, amid escalating violence including the Nyanya bombing in Abuja, Tinubu doubled down, emphasising the president’s non-negotiable duty to ensure citizen safety.

“My heart bleeds for our people and the country over the deaths in Nyanya. A government unable to protect its citizens deserves to be queried,” he said.

Eleven years on, Tinubu’s words are being repurposed by critics amid reports of widespread violence against Christians across northern and central Nigeria.

According to a recent report from the International Society for Civil Liberties and the Rule of Law (Intersociety), at least 7,087 Christians were killed in the first 220 days of 2025 alone—an average of 32 deaths per day.

Advocacy groups like Open Doors and International Christian Concern describe the attacks by Islamist militants, including Boko Haram and Fulani extremists, as targeted persecution amounting to genocide, with over 7,000 Christian deaths recorded in 2025 and thousands more displaced or kidnapped.

The Nigerian government has denied claims of religious targeting, insisting the violence stems from broader security challenges affecting all communities.

The crisis gained fresh international spotlight on October 31, 2025, when U.S. President Donald Trump declared Nigeria a “Country of Particular Concern” over the “existential threat” to Christianity there. In a Truth Social post, Trump stated: “Thousands of Christians are being killed by radical Islamists in Nigeria… The United States cannot stand by while such atrocities are happening.”

He urged Congress to investigate and affirmed US readiness to protect global Christian populations, echoing calls from allies like Senator Ted Cruz, who has described the violence as a “religious genocide.”

Opposition figures and faith-based organisations in Nigeria have invoked Tinubu’s 2014 rhetoric to demand urgent action, arguing that the same standards of accountability he once applied to Jonathan now apply to his own leadership.

Security experts caution that while the violence has complex ethnic and resource dimensions, the failure to curb targeted attacks on Christians risks further eroding trust in federal institutions.

The Tinubu administration has not yet responded to the renewed scrutiny or Trump’s designation.

Source: Nigerian Tribune

Politics

Court Stops 2025 PDP National Convention

Published

18 hours ago

October 31, 2025

Editor

The Federal High Court in Abuja on Thursday halted the planned 2025 National Convention of the Peoples Democratic Party (PDP) until the party complied with the statutory requirements of the party, the Constitution and the Electoral Act.

The suit was filed by three aggrieved members of the party namely, Hon Austin Nwachukwu (Imo PDP chairman), Hon Amah Abraham Nnanna (Abia PDP chairman) and Turnah Alabh George (PDP Secretary, South-South) seeking to stop the convention on the ground of violation to the Electoral law.

Delivering the judgment, the Judge also restrained INEC from accepting report on the outcome of any national convention of the party without following the due process of the law as well as its guidelines and regulations.

The Judge held that INEC is not entitled to give effect to the convention a party not done in accordance with the Constitution, Electoral Act and the guidelines/regulations of political parties.

The plaintiffs instituted the suit seeking to stop the planned November 15 and 16, 2025 National Convention of the PDP scheduled for Ibadan in Oyo State where new National Officers are expected to be elected on the ground of breach of the party’s Constitution.

The nine defendants are, Independent National Electoral Commission (INEC); PDP; Samuel Anyanwu, National Secretary of the party; Umar Bature, National Organizing Secretary of the party; National Working Committee (NWC); and National Executive Committee (NEC) of the party; Ambassador Umar Iliya Damagum; Ali Odefa; and Emmanuel Ogidi.

Politics

2027: Why Jonathan Can’t Run For President – Appeal Court Ex-President

Published

18 hours ago

October 31, 2025

Editor

Former President of the Court of Appeal, Justice Ayo Salami, has clarified why former President Goodluck Jonathan cannot contest the 2027 presidential election.

According to Salami, the Nigerian Constitution explicitly bars any individual from holding the office of President for more than eight years, making Jonathan ineligible to run again.

He explained that Jonathan had already completed the tenure of the late President Umaru Musa Yar’Adua before serving his own full term, which constitutionally disqualifies him from seeking another.

In an opinion piece, Salami argued that any attempt by Jonathan to contest and win in 2027 would amount to a violation of the law, stressing that such a victory would be nullified by the courts.

“It is painstakingly and dispassionately demonstrated that the ambition of Goodluck Ebele Jonathan to contest for the office of the president in the 2027 general election is effectively and undoubtedly shot down,” Salami stated.