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Nigeria Will Pay N1.8trn Extra Interest If… — Buhari

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President Muhammadu Buhari said, on Tuesday, that Nigeria would pay N1.8 trillion ($4 billion) extra interest in 2023 if the National Assembly rejected a loan-to-bond swap request on the Central Bank of Nigeria’s overdrafts to the government.

Buhari stated this during the signing into law of the 2023 budget of N21.83 trillion at the Council Chambers of the Presidential Villa in Abuja.

The Senate, last week, delayed a decision on the president’s request to convert $53 billion worth of central bank overdrafts to the government into 40-year bonds after some lawmakers questioned the plan.

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Speaking on Tuesday, the President said the government was currently paying a three per cent margin above the central bank’s lending rate of 16.5 per cent but his regime had negotiated a rate of nine per cent for the bonds, according to a report by The Independent.

READ ALSO: Drama In Senate Over Buhari’s N23.7tn Loan Request

The lawmakers increased the 2023 budget by 6.4 per cent to N21.83 trillion after they raised the oil price assumption to $75 per barrel from $70.

Buhari said he signed the amended appropriation bill into law having considered “the imminent transition process,” referring the nation’s general election coming up in January, “to enable its implementation to commence without delay.”

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AAC Guber Candidate Takes Swipe On Edo Speaker Over Suspension Of 3 Lawmakers

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Dr Udoh Oberaifo, the governorship candidate of the African Action Congress (AAC) for the forthcoming election in Edo State, has condemned the suspension of three members of the state house of assembly by the Speaker, Blessing Agbebaku.

The Speaker had on Monday suspended the three lawmakers over an alleged plot to impeach.

The three suspended lawmakers are: Mr Donald Okogbe( PDP Akoko-Edo 11) Bright Iyamu(PDP Orihonmwon South) and Adeh Isibor, (Esan North East 1)

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Reacting to the incident in Benin, Oberaifo described the suspension of the three lawmakers as illegal and unconstitutional.

READ ALSO: [BREAKING] ‘Juju’ Scare: Edo Speaker Suspends Shaibu’s Ally, Two Others

He stated that the speaker lacks the legal power and right to suspend a lawmaker democratically elected by the people.

So what will now happen to the lawmaking, representation and the constituents of this suspended members,” he asked.

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He noted that the “tyranny of the speaker” clearly infringes on the rights of the good people of Edo, the suspended members and their constituents.

” Our courts have consistently held that disciplinary powers of legislative houses like Edo State House of Assembly do not extend to reckless suspension.

READ ALSO: Edo Court Remands Man, 30, For Allegedly Defiling Minor

” The court of appeal in BAUCHI STATE HOUSE OF ASSEMBLY & ORS v. GUYABA agreed with the trial court in holding that the suspension of a then house of assembly member, Hon. Gubaya for three months was illegal.

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“Recently, the court also took a similar view in case of Akinribido v Ondo State House of Assembly.

” The point I wish to state here is that the clear malicious suspension of this members of Edo House of Assembly for whatever reasons by the speaker, is laughable, unjustifiable, illegal and clearly unconstitutional.

READ ALSO: Soldier Dismissed For Sleeping With Colleague’s Wife

“It clearly shows the directionless lawmaking powers; offside decision making of the PDP-led house of assembly, and lack of respect for democratic institutions, “ he said.

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Oberaifo, therefore, called for the recall of the suspended members in line with clear court precedents in similar matters.

According to him, the above shows that Edo people can no longer continue with the status quo of the PDP governance and law making in the state.

He urged the people to reject the PDP in the forthcoming governorship elections and vote the candidate of the AAC as a better alternative and for credible governance.

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Edo Police Arrest Two Minors, Others For Allegedly Up Uploading Woman’s Nude Video Online

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Two minors and three others have been arrested by operatives of the Edo State Police Command for allegedly stripping one Christabel Akhigbe naked over alleged phone theft.

They were said to have made a video of her nakedness and uploaded it on social media.

The suspects, Blessing Lucky 15, Jennifer Eboigbe 30, Iziegbe Ogbodu 39, Naomi Ekhonetomwan 17, and Lucky Endurance 16 were arrested for indecent assault and cyber stalking on a female.

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The state Commissioner of Police, Funsho Adeboye, who paraded the suspects at the command headquarters in Benin, the state capital, said the suspects accused the victim of stealing an android phone belonging to one Lucky and called her to return the said phone.

Adeboye said after Christabel had returned the phone to the owner, they lured her into Blessing Lucky’s mother’s house, beat and stripped her naked and threatened to put pepper in her private parts.

He added that the suspects made a video of the scene which has gone viral on social media.

Adeboye said that on receiving the report, police operatives arrested the suspects who confessed to the crime.

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He added that they will soon be charged in court.

The CP said, “The Edo Police Command have arrested five females for stripping a woman for allegedly stealing an android phone. They then made a video of the victims while naked and posted it online.

“They have now become suspects in a case they should have been the complaints.”

While warning the citizens not to take laws into their own hands, noting that those who should have been the complainants have turned themselves into suspects in the case.

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He said the police would cooperate with human rights organisations to make sure that the suspects pay for the crime.

“I will advise residents not to take law into their own hands and to report cases of this nature to the police,” he said.

One of the suspects, Eboigbe, said she is ashamed of what they did to the victim.

She said, “My daughter came to tell me that her phone was stolen and after some days, we retrieved the phone from the person who stole the phone. The girl begged me that they shouldn’t beat her, but despite her plea, they went ahead to strip her naked.

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“I am ashamed of what they did because I am a mother.”

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[BREAKING] ‘Juju’ Scare: Edo Speaker Suspends Shaibu’s Ally, Two Others

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The Speaker of the Edo State House of Assembly, Blessing Agbebaku, on Monday suspended three lawmakers over an alleged plot to impeach him and other principal officers of the Assembly.

One of the suspended lawmakers, Donald Okogbe, PDP, Akoko-Edo II, is an ally of the impeached deputy governor, Philip Shaibu, and was the only lawmaker who did not sign the petition that led to Shaibu’s impeachment.

The two others are Addeh Emankhu Isibor, APC, Esan North-East I, and Iyamu Bright, PDP, Orhionnwon II.

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READ ALSO: JUST IN: Ikeja DisCo Slashes Band A Tariff

Agbebaku also accused the trio of bringing native doctors to the House on May 1 at around 1am to perform a sacrifice.

Agbebaku said the three lawmakers were suspended indefinitely, alleging that external forces were influencing them to cause chaos and remove the house’s leadership.

The suspension of the lawmakers, however, created tension in the House as the affected lawmakers kicked against their suspension.

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READ ALSO: UK Clears The Air On Categories Of Students Eligible To Bring Dependants During Studies

In a rowdy session, the three suspended lawmakers were seen screaming, “Mr Speaker, you do not have the right to unilaterally suspend any member(s) of the house.

You must call for votes. Allow members vote on the matter.”

The Speaker, thereafter, adjourned the plenary abruptly.

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