News

Kano Deputy Gov, Ganduje Differ Over N300bn Debt

Published

2 years ago

November 4, 2023

The Kano state Deputy Governor, Aminu Gwarzo, has disclosed that the New Nigeria Peoples Party-led administration inherited over N300 billion from the immediate past government of Dr Abdullahi Ganduje.

According to Gwarzo, Ganduje’s government left nothing but huge debt on the ground for the incumbent governor, Abba Yusuf.

He also added that the state government’s debt management office was still in the process of assessing the debt profile of the state under the former governor, who is now the National Chairman of the All Progressives Congress.

This was disclosed by the deputy governor at the North-West zonal meeting of the NNPP which was held in Kaduna.

Gwarzo further noted that on Yusuf’s assumption, the governor had to tackle the issue of unpaid salaries, adding that he cleared the full salaries of the workers in the state’s workforce, as he addressed other challenges bedeviling them.

The deputy governor assured party members and supporters at the event that the NNPP would not disappoint the good people of the state.

He also highlighted the efforts of the current state government in managing available resources judiciously in the state.

He said, “Upon assuming office, Governor Abba Yusuf ordered the full payment of salaries. Prior to our administration, people’s salaries were severely deducted.

“Furthermore, due to Governor Yusuf’s compassion, starting this month, the state will be disbursing retirement gratuities, especially the death benefits to families of deceased retirees. The first beneficiaries will be those from levels one to six, as they are junior staff who have suffered the most.

“We have allocated N6 billion for this purpose. The screening process is underway, and by the end of this month, many people will receive their death benefits and gratuities. This initiative will continue, and our goal is to clear all outstanding gratuities within the next two years.

“We came into office inheriting a government that left us with nothing but debt. Initially, it was N300 billion, but now it is approaching N500 billion and we are still counting. Once we complete the assessment, we will inform Nigerians especially our fellow Kano residents about the total debt left behind.”

Reacting to the statement made by Gwarzo, Kano’s former Commissioner for Information, Mohammed Garba, stated that borrowing was not a crime.

Garba, in an interview with one of our correspondents, stated that he could not confirm if such an amount was borrowed by the previous administration.

He said, “I cannot say for a fact if we did take that but the issue of loans is normal and not a crime. So, if we took a loan of N300 billion, even if it is way more than that, as far as the money was utilised for the state, there should be no problem.

“You can see the infrastructure that they met on the ground when they got into power. All that infrastructure was put in place by our administration.

“They are also taking loans of billions now. They just got approval for some loans and that tells you that they are already in debt.

“With the way Nigeria’s economy is going, before the end of their administration, I can assure you that they’ll take loans over N1tn.”

News

Peter Obi’s Son, Oseloka, Speaks On Gay Allegations

Published

11 hours ago

August 23, 2025

Editor

Oseloka Obi, son of the 2023 Labour Party presidential candidate Peter Obi, has responded to viral allegations linking him to homosexuality after photographs of him with London-based British-Nigerian Kent Okwesa, circulated online this week.

The pictures, which emerged on Wednesday, showed Oseloka and Okwesa sitting closely at a restaurant in the United Kingdom, sparking a wave of online speculation and gossip.

In a detailed statement, Oseloka dismissed the rumours as malicious falsehoods driven by his father’s involvement in Nigerian politics.

He noted that while he rarely responds to such narratives, the persistence of gossip and unfounded claims made it necessary to address the matter.

“Because of my father’s involvement in Nigerian politics, there has been a persistent curiosity and, at times, malicious obsession with me.

“I have no social media presence and no interest in maintaining one, so I rarely correct these falsehoods. But perhaps it is time I address them,” he wrote.

Oseloka stressed that the photos of him in circulation were being misrepresented, insisting they were ordinary snapshots with friends and colleagues.

“The truth is simple: Peter Obi’s son appears in photos with his friends and colleagues, nothing more. If people wish to invent otherwise, I hope they sleep soundly knowing they are spreading lies,” he added.

He further emphasised that neither he nor his father is perfect, but attested to his father’s integrity and commitment to Nigeria’s future.

“My father has my vote, not because he is my father, but because he is the right man for the job. If others wish to go low, invent scandals, or attack me to wound him, they are free to do so. But we will go high, and we will continue to focus on the future of Nigeria.”

Concluding, Oseloka urged Nigerians to redirect their attention from idle gossip to the pressing socio-economic challenges facing the country.

Read the full statement below:

News

FULL LIST: PenCom Bars Seven Mortgage Banks From Processing Housing Loans

Published

12 hours ago

August 23, 2025

Editor

The National Pension Commission (PenCom) has barred seven Primary Mortgage Banks (PMBs) from processing applications under the pension-backed equity contribution scheme for residential mortgages, citing their non-compliance with housing loan guidelines.

In a letter published on PenCom’s website, addressed to Pension Fund Administrators (PFAs) and Pension Fund Custodians (PFCs), the organisation instructed them to immediately stop accepting or processing equity contribution applications submitted through the affected institutions.

The blacklisted mortgage banks are:

• Jigawa Savings & Loans Limited

• FHA Mortgage Bank Limited

• Delta Trust Mortgage Bank Limited

• AG Mortgage Bank Limited

• Infinity Trust Mortgage Bank Pic

• First Trust Mortgage Bank Limited

• Mutual Alliance Mortgage Bank Limited

“Following the cited letter, the commission instructs that PFAs, including Closed Pension Fund Administrators and Pension Fund Custodians, immediately stop accepting or processing equity contribution applications submitted by the following Primary Mortgage Banks… Please be guided,” the circular read in part.

Explaining the decision, PenCom’s spokesman, Ibrahim Buwai, told The PUNCH that the sanction was imposed because the affected institutions failed to generate the mortgages for which funds had been approved.

“The whole purpose of giving access to RSA holders is to enable them to own houses through mortgages,” he said. “It was discovered that some of the primary mortgage institutions were not generating mortgages. If that is the case, it means they are not complying with the regulations. That is the reason for their blacklisting.”

PenCom introduced the equity contribution for residential mortgages in September 2022, allowing Retirement Savings Account (RSA) holders to withdraw up to 25 per cent of their balances to fund equity contributions for home ownership.

According to the commission, 24,582 RSA holders had accessed the scheme as of the first quarter of 2025, with disbursements totalling ₦149.84bn.

RSA holders who submitted applications through the barred mortgage banks are now advised to reapply with other eligible PMBs. Those who have made upfront payments were urged to contact the affected institutions for the next line of action.

News

VIDEO: How ‘Close Friend’ Leaked Cat Secret To Security During My House Invasion — Sunday Igboho

Published

13 hours ago

August 23, 2025

Editor

Yoruba Nation agitator, Chief Sunday Adeyemo, popularly known as Sunday Igboho, has opened up again on the July 1, 2021 midnight invasion of his Ibadan residence by security operatives, including the Department of State Services (DSS).

Speaking during a visit to the Olowo of Owo, Oba Ajibade Gbadegesin Ogunoye III, at his palace in Ondo State, Igboho alleged that the attack was carried out with the intent to take his life.

“When my house was invaded, they wanted to kill me but failed. Some said my intestines were shattered, others said my leg was broken, but there was nothing of such. They fired guns at me very well, but the prayers of you my fathers on me were answered.”

According to him, the DSS operatives forcefully gained entrance into his residence and pointed a gun at his Personal Assistant so he could lead them to his room.

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Death of cat after friend’s betrayal

While recalling the invasion, Igboho said one of his trusted friends betrayed him by leaking sensitive information about his cat to the operatives.

He disclosed that the so-called ‘trusted’ friend had told the agents not to let the cat escape, which led to the security operatives killing the animal.

“When I opened the door of my room for them, they saw my cat on the bed. One of my friends that I entrusted with secret had told them not to let the cat go. So they killed the cat and wrapped it with clothes like a corpse. They destroyed everywhere in the house and killed one of my brothers alongside one other person and they left,” he narrated.

Appeal to the Olowo

Speaking at the palace of the Olowo, Igboho said his absence from the country had lasted about five years and that he was eager to return to contribute to tackling insecurity in the South-West.

“But why I came to meet you Kabiesi is that till when will I be doing that. Nigeria is my motherland. This is about five years since I’ve been chased from here. Tinubu is your son, you can convince him to free me. If not for the wanted tag on me, I would have come to Nigeria to face the insecurity facing the South-West region. I would have entered the bush and faced them,” Igboho pleaded with the monarch.

Monarch’s response
In his response, Oba Ogunoye described Igboho as a beacon of hope for his generation and future ones, urging him not to be discouraged by the challenges he has faced.

The monarch enjoined Igboho and his supporters to remain law-abiding amid ongoing challenges.

He assured him of continued support and called for peace and cooperation across South-West communities, noting that no region can achieve sustainable development without security.
(TRIBUNE)