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N20b Loan: Group Protests, Rolls Out State’s Indebtedness

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Group, Joint Forces for the Defence of Democracy (JOFDES) Monday, July 14, protested against alleged Edo State government plan to obtain N20b (Twenty billion naira) from the Nigeria Capital Market few weeks to the Edo State Governorship elections.

The group also alleged that the Godwin Obaseki-led government intends to obtain another $100Million and $150m loan from the World Bank respectively, just as it described the act as ” reckless, irresponsible and ignominious for the Obaseki-led state government to obtain another loan.”

Co-covener of the group, Kola Edokpayi and Felix Osemwengie Isere, Esq in a statement titled ‘we reject the attempt by Governor Godwin Obaseki to mortgage the future of Edo youths by his recent moves to obtain another N20b loan’, noted that the state’s domestic debt profile stands at N84.76 billion, hence it will amount to a calculated attempt by the Governor to mortgage Edo youths future.

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” As if these are not enough,  we have received reliable information that Godwin Obaseki also intends to obtain another $100Million loan from the World Bank.

READ ALSO: ‘We’re Committed To Relieving Obaseki Of His Office’- Ize-Iyamu Campaign Organisation

“This loan, known as the performance for results loan which is awaiting board approval is aimed at funding the overblown Edo Best and Edo jobs projects. We the citizens are aware that Edo Best and Edo jobs projects are a mere facade and failed projects serving as conduit for siphoning funds for the coffers of the good people of Edo State  

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” The most shocking part of it is that Mr. Obaseki is considering these loans when Edo State currently services the $150Million credit obtained from the World bank in 2016 and 2017.

” This is the highest level of political and economic betrayal for the good people of Edo State who have entrusted her collective patrimony into the hands of the governor. It is most unfair and is a demonstration of the mortgage of the future of Edo people.

Joint Forces for the Defence of Democracy (JOFDES) protesting against Obaseki’s plan to obtain N20b loan on Monday in Benin

” We find this development not only worrisome, wicked, reckless, irresponsible and ignominious but a calculated attempt to completely mortgage the future of the youth and people of Edo State. This is totally obvious because Mr. Obaseki is fully aware that Edo State is already heavily overburdened by excess debts.

” At no time in the history of our dear state have we come under the volume of indebtedness that we face today”, the statement added.

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READ ALSO: Edo Poll: APC, Ize-Iyamu Will Respect INEC’s Regulations – Campaign Organisation

While disclosing that the state is with the highest domestic debt in the South-South and second throughout the nation, noted that the governor has to ” answer reason why the state is indebted so high and other financial mismanagement.”

According to the protesters, with all the borrowing, citizens of the state have not seen any tangible project from the state government “apart from some renovations of already existing infrastructure and window dressing.”

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” We have the highest external debt in the entire South-South with an external debt of $257.92 milliion as at March 2020.

” Second, we have the highest domestic debt in Nigeria, second only to Lagos State.

” We must get answers to these and other glaring cases of financial mismanagement that have become the hallmark of the Godwin Obaseki’s government 

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” Apart from the few renovation of already existing infrastructure and window dressing of already completed projects, we have not seen any landmark or gigantic legacy projects the Obaseki Government has done with funds accruing to the state”, they said.

READ ALSO: Shame On PDP Leaders Fielding Obaseki After Condemning Him As Non-achiever -Ize-Iyamu

The group called on President Muhammadu Buhari and other concerned authorities particularly Edo citizens to stop the loan from being approved, just as they added that if there’s any reason to obtain such loan, that should be considered after the election.

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The group further said, ” We as a pro democracy group committed to defending the interest of Edo sons and daughters worldwide hereby call on the President of Nigeria, Secretary to the government of the federation, Hon Minister of state for budget and national planning, director general Debt Management Office (DMO) Abuja, the Chairman Senate and House of Representatives committees on local and foreign debts, the governor of the Central Bank of Nigeria, Senate President and speaker of the House of Representatives, DG of Nigerian Stock Exchange, Attorney General of the federation and all well-meaning Edo sons and daughters who have the future of our children at heart, to do everything within their powers to stop this loan from being approved for the governor of Edo State.

” However, if there is any genuine reason whatsoever to approve such a loan for Edo State, it can be considered after the forth coming Edo governorahip election to forestall the mismanagement of the funds under the tension that accompanies elections.”

However, in his reaction, Special Adviser to Obaseki on Media and Communication Strategy, Crusoe Osagie denied the allegation, just as he accused Pastor Osagie Ize-Iyamu of sponsoring the protest.

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Protest against Obaseki’s plan to obtain N20b loan on Monday

There is no such thing as N20 billion debt proposal by the Edo State Government, and Edo people cannot be distracted by such wild claim,” Osagie said.

Reacting to Crusoe’s allegation that the protesters were sponsored by Ize-Iyamu, Mr. John Mayaki, Chairman, Edo State APC Media Campaign Council said was insulting to the people of Edo State for the Governor’s Aide to attribute anger expressed by the citizens to Ize-Iyamu.

“It is ludicrous and insulting to the people of Edo State who are known for their agency and independence of thought, for Crusoe Osagie to suggest that the anger they expressed today on the streets of Benin over the 20 billion naira loan Obaseki is trying to obtain for his collapsing campaign was done at the behest of Pastor Osagie Ize-Iyamu.

READ ALSO: PDP Governorship Primary: Aspirants Step Down For Obaseki

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“Is Crusoe suggesting that Edo youths cannot read the news, interpret it, and understand the implications of a failed government seeking loans toward the end of its tenure?” Mayaki said.

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Terrorism Conviction: Nnamdi Kanu’s Wife Reacts To Husband Sentencing

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Uchechi Okwu-Kanu, wife to Nnamdi Kanu, the convicted leader of the proscribed Indigenous People of Biafra, has reacted to the life sentence judgment slammed on her husband on Thursday by the federal high court.

Kanu’s wife maintained that a judge cannot ask a defendant to open a defense on terrorism related charges without reading out the written law under which the court is trying the person.

Uchechi alleged that the judge read a script handed over to him in sentencing Kanu to life imprisonment.

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She also claimed that the judge could barely read out some of the words in his own very written judgment.

READ ALSO:Nnamdi Kanu’s Case Proof Of Religious Persecution In Nigeria – US lawmaker, John James

The Federal High Court in Abuja on Thursday sentenced NKanu to life imprisonment.

‎Justice James Omotosho handed down the judgment after delivering a landmark ruling in the trial of the IPOB leader.

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DAILY POST reported that Omotosho had earlier convicted Kanu on all seven counts of terrorism charges brought against him by the Department of State Services.

‎In his judgment, the judge held that the prosecution presented sufficient and credible evidence to prove its case.

READ ALSO:Terrorism Conviction: Nnamdi Kanu Lawyer, Ejimakor Reveals Next Step After Life Imprisonment

‎He noted that Kanu failed to enter a defence, instead choosing to rest his case on the prosecution’s evidence—a gamble the court said left it with no option but to convict.

However, Kanu’s wife said: “In Nigeria, a judge cannot ask a defendant to open a defense on terrorism related charges without reading out the written law under which the court is trying that person. Okay, so the constitution of the Federal Republic of of Nigeria, 1999 as amended, section 36, I mean, I’m sure that is very familiar to everyone now.

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“It provides that a person shall not be convicted of a criminal offense unless the the offense is defined and the penalty prescribed as in a written law. So what Omotosho has done today is a script, a written script for him to read out. Everyone could hear him. Everyone could see that he was reading a script handed over to him and that he could barely read out some of the words in his own very written judgment. How interesting. How interesting.

“I’ve had to quickly tweet and well post the the travesty of justice today regarding how Omotosho ignored the Constitution’s requirement that none can be convicted under an unwritten or unknown offense.

READ ALSO:BREAKING: ‎Court Sentences Nnamdi Kanu To Life Imprisonment For Terrorism

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“He forced Mazi Nnamdi Kanu to take a plea under a repealed law, which Mazi Nnamdi Kanu refused. So show me where it is written before I can enter into a defense. And that never happened.

“Omotosho refused, blatantly, flagrantly, to issue written rulings on serious applications. So you could hear him reading. You could hear him counting 1000s of lines of hours of account.

“But then he refused to issue a written a written ruling, which he ought to have done first, but never did. He told Mazi Nnamdi Kanu to put all objections in a final address, then block the final address. So if you were Mazi Nnamdi Kanu, you will be as outraged as he was this afternoon.

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“You cannot ask me to put my final address, put it down, write it down, and then you block it. So Mazi Nnamdi Kanu has right. It is his right to put a final address down, to write it down. But a Omotosho blocked that and decided to read out those nonsense he called counts.”

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OPINION: Fayose-Obasanjo: Two Eboras Dragging Same Pair Of Trousers (1)

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Tunde Odesola

Accident and misfortune have no permanent abodes, though both roam aimfully about, looking to pounce. They are identical twins with different temperaments: one sprints, the other stalks. Sometimes they travel separately, sometimes hand-in-hand, depending on the havoc at hand. Swift or slow, they strike and go. The ensuing scenario, which occurred during the childhood of an acquaintance, writes in capital leatters the joint signature of accident and misfortune.

Looking for a tan, my white acquaintance traced the sun to the beach, where he lay spread-eagled. When the sun hung low and hot – nígbàtí òrùn kan àtàrí – bronzing his forehead, John Fury (not his real name) decided to wade into the ocean for a cooling baptism.

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For half an hour, John dived deep into the ocean, ducking under the waves, treading the tide, enjoying the symphony of heat and water.

After he was done, John rose from the sea and walked up the beach, refreshed and satisfied. Then, from the corner of his eye, he saw the wave coming behind. It swept past swimmers and giggling fun-seekers, frothy and hurtless, until it hit his calves, which buckled and sent him tumbling over backwards onto the sand.

He blinked and tried to laugh it off as he lay on his back and watched the ebbing tide foaming and fuming back into the sea. But the laugh flickered and fizzled out like a candle in the wind.

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MORE FROM THE AUTHOR:OPINION: The ‘Fool’ Who Stopped Wike

John couldn’t move.

From the chest down, he lay paralysed. “Medicine saved my hands,” he told me a few days ago, rubbing his hands together as if to reassure himself they were still working. But he never got up to walk again. The wheelchair became his legs. It’s now 20 years after.

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Unpredictability is the nature of accident, though misfortune may holler before hauling. Either way – accident or misfortune – the tide swings for friend or foe, never rejoice in another fellow’s fall because anyone may hold the cookie in both hands, no one can predict the way it’s going to crumble.

The next time you come across the physically-challenged or cognitively-impaired, please, do know that some of them were once able-bodied like you before fate or freewill caused an accident or a misfortune, changing their lives. But whether disability is inborn or sustained, persons living with physical or mental challenges must not be despised; rather, they should be given the wings to fly. An accident or a misfortune, you or I could have been in disability shoes.

Uhmm! Most Nigerian leaders are a study in accident; most are misfortune recalibrated; the nation’s backwardness, a badge of their ruinous reign. None is blameless. On their watch, the term ‘Accidental Discharge’ became government’s pacifier for the families of innocent citizens killed guns-a-blazing by ill-equipped and frustrated security forces.

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While Nigerians shouted themselves hoarse holding a national debate on the propriety of the nation’s serving and retired generals turning their subordinates into ‘maiguards’ guarding a multimillion-dollar personal land belonging to a former Chief of Naval Staff, retired Vice Admiral Awwal Zubairu Gambo, Reuters, on November 19, 2025, published a story, “UK to build new munition factories to boost warfighting readiness.” On the same day, ABC News published a story titled “UK inflation drops to 4-month low, paving way for December rate cut”, just as Associated Press went to press with “UK defence secretary warns Russia it is ready to deal with any incursions after spy ship spotted”.

Topping the list of big headlines from Germany are two stories by Reuters. The first story is “Germany set to approve $3.5 billion defence package,” the other is “Industrial Electricity Price Relief on the Way.” In France, Reuters reports, “French National Team Qualifies for 2026 World Cup,” and “Early Greek Loan Repayment Gives France Budget Relief.”

MORE FROM THE AUTHOR:[OPINION] Wasiu Ayinde: The Shame Of A Nation (2)

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Rummaging through news reports, using the lens of PUNCH, this is a list of some Nigerian headlines. “Kebbi school abduction happened despite intelligence report – Tinubu,” “Tension as Wike, soldiers clash over ex-naval chief’s land,” “WQC: DR Congo knock out Super Eagles,” “Govs revolt as Wike’s expulsion breaks PDP,” “Police fire teargas as PDP factions clash in Abuja,” “Trump’s comment fuelled renewed attacks by violent groups – Akume,” “45 million Nigerians practise open defecation – Minister,” “N20bn fraud: Court adjourns arraignment as ex-director fails to appear,” “Banditry: Kwara closes schools in four LGs, demands military base.”

Need we search further to see why our country is today a paraDIES? Need we look further to know why our national hoe’s blade is blunted and our earth ravaged? A Yoruba proverb had long cautioned, ‘E wo enu ile, e wo enu oko’. Talentlessness is the Number 1 requirement for public office in Nigeria. Skilllessness is Number 2.

Ex-dictator, Chief Olusegun Matthew Okikiola Aremu Obasanjo is an 88-year-old retired general, farmer, engineer, statesman, politician and author. Aremu has survived many accidents and misfortunes in his rollercoaster life. Hailed by adherents and sycophants as Ebora Owu, Obasanjo, in all his 26 years of military service, never had a reported case of ‘accidental discharge’. However, controversy has continued to overshadow his involvement in the Nigerian Civil War, particularly the surrender of Biafran forces on January 15, 1970, with many crediting Colonel Benjamin Adekunle as the architect of Biafran surrender.

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But there is another Ebora in Ekiti. His name at birth is Peter Ayodele, the son of Fayose. Fayose is a former governor of Ekiti State. He’s also a failed godfather and a failed People’s Democratic Party senatorial candidate. Tall, strong and combustive, Fayose calls himself Ebora to Nje Fried Rice – the Spirit who devours Fried Rice, impliedly placing himself high and above indigenous deities fed by humans.

Ebora is a Yoruba word that means spirit, gnome, powerful entity, or extraordinary individual. Fayose’s supporters also call him Oshokomole, a name that means spirit or tough and bold character. While Obasanjo combines soldiering toughness with his Ebora-ness, Fayose embodies two spirits – Ebora To Nje Fried Rice and Oshokomale. Both leaders are similar in many respects.

MORE FROM THE AUTHOR:[OPINION] Wasiu Ayinde: Shame Of A Nation (1)

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Fayose came into national prominence in 2003 when he contested, grabbed and ran with the governorship crown of Ekiti. He powered into power on the wings of widespread appeal and federal might, having endeared himself to the masses with his free water supply initiative. But joy has a slender body that breaks too soon, warns Ola Rotimi in “The Gods Are Not to blame”. Soon, a poultry venture embarked upon by Governor Fayose in Ekiti put a knife into the father-son relationship between him and Obasanjo, who was the President. Fayose fell victim to a state-orchestrated impeachment plot and fled the Government House in disguise in October 2006.

Before an 18-wheeler truck came between them, Fayose was beholden to Obasanjo, whom he saw as the custodian of his political life, his god after God. Fayose’s first term was administered in ‘Ílà-Ílo’ hell, where he was a messenger to the different gods who demanded attention, favour and servitude. One of the Ekiti gods, whom Fayose had fallen out with, was particularly close to Obasanjo. The god, old and rich, muttered, “Good riddance,” when Fayose fled the Government House, tail between legs.

That was the day Fayose drew a red line. Instead of four years, he barely spent two in office. When he returned to the country after Obasanjo left office, Fayose was bleeding in the eyes, cursing out Obasanjo, whom he said was stricken by poverty after leaving office as military head of state in 1979, adding that the Ota farmer had to be rehabilitated before he could run for the Presidency in 1999.

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In February 2011, I got a text inviting me to cover the 60th birthday anniversary of former Governor Olagunsoye Oyinlola of Osun State, in Okuku. That was ‘ojo buruku, Esu gbomi mu’ day when rampaging Satan was pacified to drink water. Dignitaries like Obasanjo and a former military Head of State, General Ibrahim Babangida, were in attendance when Fayose walked into the dining room of Oyinlola, whose wife, Princess Omolola, was personally serving out food to the political heavyweights. The host, Oyinlola, who had seen Fayose greet IBB and guests, without greeting Obasanjo, went up to him and asked why he didn’t greet Obasanjo. Fayose was blunt: I won’t greet a wicked father. Not one to be caught off guard, Obasanjo cocked his gun, aimed and fired back: I won’t acknowledge any greeting from a bad child.

Thus, the cat and mouse fight continued until 2013-2014 when Fayose was planning to run for governor the second time, and needed the platform of the PDP. That was when he reached out to Obasanjo in a letter seeking forgiveness and expressing remorse.

To be continued.

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Email: tundeodes2003@yahoo.com

Facebook: @Tunde Odesola

X: @Tunde_Odesola

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Tinubu Orders Defence Minister To Relocate To Kebbi State Over Abduction Of 25 School Girls

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President Bola Tinubu has asked the Minister of State for Defence, Bello Matawalle, to relocate to Kebbi State over the abduction of 25 schoolgirls in the state.

This was contained in a statement signed by Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, on Thursday.

Matawalle, who was formerly governor of Zamfara State, was asked to remain in the state to monitor security efforts to secure the release of the abducted students.

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READ ALSO:One Of 25 Abducted Kebbi Schoolgirls Escapes

Gunmen abducted 24 students of Government Girls Comprehensive Secondary School in Maga town, Kebbi State, around 4am on Monday.

Matawalle, who is expected to arrive in Birni-Kebbi on Friday, gained some experience in dealing with banditry and mass kidnapping during his tenure as governor of Zamfara State from 2019 to 2023.

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On 26 February 2021, armed bandits abducted 279 female students aged between 10 and 17 at the Government Girls Science Secondary School, a boarding school in Jangebe, in Zamfara State. The bandits released all the hostages on 2 March 2021.

President Tinubu had postponed his scheduled trip to Johannesburg, South Africa, and Luanda, Angola, as he awaited further security briefings on the kidnapped Kebbi schoolgirls and the attack on Christ Apostolic Church worshippers in Eruku, Kwara State.

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