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Ize-Iyamu Resigns From PDP, Says Act Not To Throw Stone At Home He Once Inhabited

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Pastor Ize-Iyamu announcing his resignation

Governorship candidate of the Peoples Democratic Party (PDP) in the Edo State 2016 gubernatorial election, Pastor Osagie Ize-Iyamu has resigned from the party.

Ize-Iyamu resignation followed a motion moved and seconded respectively by representives across the three senatorial district of the state that him and his supporters should move enmass to the APC.

Formerly announcing his resignation in Benin City on Thursday, Ize-Iyamu said his action was not to throw stone at anybody or a house he once inhabited, saying “PDP or any other political party of that matter is not our enemy.”

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He urged his supporters to refrain from any form of attack and insult, stressing that his leaving the party was not in anger nor bitterness but a good intention of joining a party through which he can bring development to his people.

“PDP or any other political party of that matter not our enemy. Please refrain from any attack that suggest that we are leaving PDP in anger or bitterness. What’s important is our primary objective in politics; what is important is why we chose to be in politics.

“If you read the content of that resignation, we made it clear that we have no intention of throwing stones at a house we once inhabited. The house we have many friends and associates. Many of them have left to come and join us on this journey, some for tactical reasons will remain while some are undecided where to join”, he added.

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The one time secretary to Edo State government disclosed that his resignation from the PDP was to move to the All Progressives Congress (APC), saying the date for the formal movement would be announced.

He urged his supporters not to entertain fear, assuring that before he made his decision he had made consultations widely with concerned stakeholders and with God and he was satisfied that the act was for the best interest of the masses.

Ize-Iyamu pointed out that he was not going into the APC to join faction but with good intention in strengthen the party and in allegiance to people in authority.

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He said, “We are going into the APC with the best of intention, we are not going there to join a faction, we are going there to join APC, to strengthen the party. And we intend to give our full allegiance to those in challenge, those in authority. We will not undermine the power that be. We will not join in any fight or name calling, but we have come with the best of intention.”

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Elon Musk Puts Twitter’s Value At $20bn

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Elon Musk has put the current value of Twitter at $20 billion, less than half the $44 billion he paid for the social media platform just five months ago, according to an internal email seen by American news media.

The email to employees referred to a new stock compensation program in the San Francisco-based company and the allocation of shares to employees of X Holdings, Twitter’s umbrella company since Musk purchased it in late October.

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The compensation plan values the platform at $20 billion, slightly more than Snapchat’s parent company Snap ($18.2 billion) or Pinterest ($18.7 billion), both of which are publicly traded, unlike Twitter.

Musk, who is also the chief executive of Tesla Inc. and aerospace group SpaceX, said that Twitter would allow its employees to cash in shares every six months.

READ ALSO: Elon Musk Reinstates Suspended Twitter Accounts Of Journalists

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A query from AFP emailed to Twitter’s communications department generated an automatic response in the form of a poop emoji.

In the internal email, Musk describes the brutal contraction in Twitter’s value. He says the platform faced such grave financial difficulties that at one point it was on the verge of bankruptcy.

“Twitter was trending to lose ~$3B/year,” Musk said in a message posted Saturday on the platform.

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He cited a revenue drop of $1.5 billion a year and a debt-servicing burden of the same amount — leaving it with “only 4 months of money.”

Musk, Twitter’s majority shareholder, added simply: “Extremely dire situation.”

But he then said that “It looks like we will break even” in the second quarter of the year, with advertisers — many of whom fled the platform after the mercurial billionaire bought it — now beginning to return.

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READ ALSO: FG Speaks On Banning Twitter Again After Elon Musk’s Takeover

Since taking control, Musk has sharply cut the group’s payroll from 7,500 employees to fewer than 2,000.

He said in the email that he sees a “clear but difficult path” to a valuation of $250 billion, without specifying how long that might take.

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However, in another setback for the company, fragments of Twitter’s source code were published on the development platform GitHub, the latter told AFP on Sunday, confirming a report by the New York Times.

GitHub removed the files from its site at Twitter’s request, but their brief exposure could allow hackers to identify flaws in Twitter’s original software.

AFP

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Obasanjo’s Father Not Fully Yoruba, Might Be Igbo Man – Fani-Kayode

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Former Aviation Minister, Femi Fani-Kayode has expressed the belief that ex-President Olusegun Obasanjo’s father might not be a Yoruba man.

Fani-Kayode said Obasanjo’s ‘silence’ over a recent comment by Igbo businessman Emmanuel Iwuanyanwu that Yoruba people are “political rascals,” was an indication that the former president’s father was an Igbo man, not Yoruba.

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Iwuanyanwu said Igbo people had invested so much in Nigeria and were not going to yield to the pressure of people asking them to leave.

Speaking in Awka, Anambra State, on Saturday, Iwuanyanwu berated Yoruba people.

However, Fani-Kayode said he was disappointed that Obasanjo was silent over Iwuanyanwu’s anti-Yoruba comments.

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Taking to his Twitter handle, Fani-Kayode wrote: “The fact that our revered leader and one of the fathers of our nation, former President Olusegun Obasanjo, can sit there and say nothing when Emmanuel Iwanyanwu, who I have always respected, describes the entire Yoruba race as “rascals” that the Igbo “will DEAL with” tells me that the rumour that he is NOT a fully-fledged Yoruba man and that his father was an Igbo may well be true.

READ ALSO: Coup Comment: ‘I Was Asked To Report To DSS Everyday, Interrogation Challenging,’ Fan-Kayode Laments

“Whatever the case, this is not the OBJ I once knew, loved, defended and worked so hard for. Something has gone wrong. No one could have made a statement against ANY tribe in the presence of the old OBJ that we all knew and respected and got away with it.”

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Following the outcome of the presidential election, there was a face-off between Yorubas and Igbos in Lagos.

The fallout was due to the victory of the Labour Party, LP, presidential candidate, Peter Obi, in Lagos State.

Against the backdrop of Obi’s victory, Igbos were warned against voting during the governorship election in Lagos.

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Report Banks Not Dispensing Cash To State NLC’s Office — LABOUR

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The Nigeria Labour Congress, NLC, has directed workers to report banks not dispensing cash to its state councils, ahead of planned strike over the scarcity of naira notes across the country.

This is even as leaders of NLC have scheduled a meeting of National Executive Council, NEC, meeting tomorrow to take a final decision on Wednesday’s planned nationwide strike.

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It gathered NLC gave the directive weekend after its NEC meeting on Friday where affiliate unions and state councils of NLC were directed to monitor the cash situation and how banks were dispensing naira notes to workers.

Speaking in an interview with Vanguard yesterday, President of NLC, Joe Ajaero, said: “Our affiliate unions and state councils were directed to monitor the situation. Workers have been directed to report banks not dispensing cash to NLC state offices.

”Our state councils and affiliates unions are to report back to us the prevailing situations in their states by Tuesday when we will hold another NEC meeting. The report we get from them will determine our next line of action.

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READ ALSO: NLC Gives FG 7-day-ultimatum Over Naira Scarcity

”In fact, the seven days ultimatum we gave will expire on Tuesday (March 28). The report will determine our final decision. As we speak, I am out on the streets of Abuja monitoring the situation.

”I am aware also that officials of the Central Bank of Nigeria, CBN, were in Lagos on Saturday and Sunday to monitor the situation.”

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It was gathered that part of the decision was that “the nationwide strike will be a sit-at-home and picketing of the headquarters of the CBN and all its offices nationwide on Wednesday, March 29, 2023. If the strike commences, it would continue until cash becomes available to all Nigerians.”

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