News

‘Nigerians Don’t React’, Amaechi Blames Citizens For Politicians’ Rascality

Published

7 months ago

October 28, 2023

Editor

A former Minister of Transportation, Rotimi Amaechi, has blamed the docility of Nigerians for the inability of the country to get the right form of leadership.

Amaechi was speaking at the 2023 TheNiche Annual Lecture themed “Why We Stride and Slip: Leadership, Nationalism, and the Nigerian Condition,” held on Thursday in Lagos where he was a special guest.

According to him, Nigerians know most politicians are not honest but they still go ahead to vote for them during elections.

“What is new to say, Nigerians don’t react to anything. Has any politician told you he is not a thief? Which politician told you he went to university, which politician told you she served in NYSC, and which politician told you he has his certificate?

“Nigerians know and still vote for them, so what is your problem? I say why should I speak when already there’s nothing new?

“Nigerians choose who to believe and who not to believe, Nigerians choose who to vote and who not to vote. Even if you come to a Nigerian man’s house and kill his mother, the father will continue his life. Nothing bothers you, nothing, so why should I waste my time?” Amaechi said.

The former governor of Rivers State also criticized a former Managing Director of the Nigeria Ports Authority, (NPA), Hadiza Usman, for allegedly putting out false narratives in her book titled: “Stepping on Toes: My Odyssey at the Nigerian Ports Authority.”

“The lies were too many. For instance, she claimed she was not invited by the panel. I even came with the memo of the president, where the president endorsed her removal,” the 58-year-old said.

“Count one is in the question of the fact that the panel says she is guilty; count two is due to the fact that a Managing Director of NPA with an N2.5m approval limit can approve N2.8b contract with no appropriation.”

Two years ago, then-President Muhammadu Buhari asked Hadiza Usman to step aside from her role while an Administrative Panel of Inquiry, headed by Rotimi Amaechi, investigated the management of the Nigerian Ports Authority (NPA).

Amaechi insisted that Mrs Usman was guilty of the same crimes she was accusing him of and making concessions for the high and mighty in society.

“Why is that document not published because prominent Nigerians are involved? She gave waivers to prominent Nigerians, which she has no power to give and these are dollars accruable to Nigeria’s economy but she was bold enough to write a book or is it a pamphlet and Nigerians are following her, launching the book, so how will Nigeria move forward?

“But let’s wait until they bring the original copy because if I give you the photocopy, you will say it is fake. I will show you the original but I won’t allow you to read it because you would see the names of those prominent Nigerians that were indicted by the panel. I would rather read the areas that concern her and leave those prominent Nigerians, they didn’t look for my trouble.”

The former minister affirmed that Usman had been indicted by the panel and denied that he was purposefully behind her removal as the boss of the NPA.

News

JUST IN: Nigeria’s Inflation Hits 33.69%

Published

30 mins ago

May 15, 2024

Editor

Nigeria’s headline inflation rate has increased to 33.69 per cent in April 2024 up from 33.20 per cent recorded in March 2024, the National Bureau of Statistics has said.

This represents a month-over-month increase of 0.49 per cent points in the headline inflation rate, according to the Consumer Price Index report, the NBS stated in a report on Wednesday.

Comparing year-on-year data, the inflation rate in April 2024 was 11.47 percentage points higher than in April 2023, where it stood at 22.22 per cent. This indicates that the headline inflation rate has risen significantly over the past year.

Additionally, on a month-to-month basis, the inflation rate for April 2024 was 2.29 per cent, which is 0.73 per cent lower than the 3.02 per cent recorded in March 2024. This suggests that the rate at which prices increased in April 2024 was slower than the rate in March 2024.

The report read, “In April 2024, the headline inflation rate increased to 33.69% relative to the March 2024 headline inflation rate which was 33.20 per cent. Looking at the movement, the April 2024 headline inflation rate showed an increase of 0.49% points when compared to the March 2024 headline inflation rate.

“On a year-on-year basis, the headline inflation rate was 11.47 per cent points higher compared to the rate recorded in April 2023, which was 22.22 per cent. This shows that the headline inflation rate (year-on-year basis) increased in April 2024 when compared to the same month in the preceding year (i.e., April 2023).

“Furthermore, on a month-on-month basis, the headline inflation rate in April 2024 was 2.29 per cent, which was 0.73 per cent lower than the rate recorded in March 2024 (3.02 per cent). This means that in April 2024, the rate of increase in the average price level is less than the rate of increase in the average price level in March 2024.”

Food inflation however reduced by 1.11 per cent caused by a fall in the rate of increase in the average prices of basic food commodities.

“On a month-on-month basis, the Food inflation rate in April 2024 was 2.50% which shows a 1.11 per cent decrease compared to the rate recorded in March 2024 (3.62 per cent). The fall in Food inflation on a Month-on-Month basis was caused by a fall in the rate of increase in the average prices.”

Details later…

News

JUST IN: Emefiele Gets N300m Bail, Denies N684.5m Note Printing

Published

49 mins ago

May 15, 2024

Editor

A Federal Capital Territory High Court in Abuja, on Wednesday, granted the immediate past Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, bail of N300 million, following his arraignment on the unlawful redesign of the naira notes.

Emefiele was accused of approving the printing of N684.5 million at the rate of N18.96 billion.

The anti-graft agency also said the embattled former governor unlawfully approved the withdrawal of N124.8 billion from the Consolidated Revenue Fund of the Federation.

The former apex bank chief was also said to have disobeyed the direction of law with intent to cause injury to the public during his implementation of the naira swap policy of the administration of former President, Muhammadu Buhari.

EFCC, also claimed that Emefiele embarked on the naira redesign without the approval of the Board of the CBN as well as the then President, Buhari.

Emefiele refused any wrongdoing as he pled not guilty to all four count charges read to him by the prosecution, Economic and Financial Crimes Commission, before Justice Maryanne Anenih.

This arraignment makes it the third separate charge brought before Emefiele.

Emefiele’s counsel, Mahmud Magaji (SAN) moved for his client’s bail application, after the prosecution had finished reading out the charge.

He drew the attention of the court to an earlier bail granted by Justice Hamza Muazu, of the FCT High Court, Maitama.

Ruling in the bail application, Justice Anenih, held that “a defendant is entitled to bail and presumed innocent until proven otherwise”.

She also said there is “cogent and compelling reason to grant the bail application.”

Justice Anenih, on this note granted Emefiele bail with similar conditions as previously granted by Justice Hamza Muazu.

She granted him bail to the sum of N300m and two sureties.

She held that the sureties must be responsible citizens and own property worth the bail sum within the FCT.

She added that the property documents must be verified and deposited with the court registry pending the determination of the matter.

While adopting the bail ruling of Justice Muazu, Justice Anenih held that the two sureties must deposit two recent passport photos alongside their National Identity cards or international passports.

She also held that the defendant is prohibited from travelling outside the country without the permission of the court.

She subsequently adjourned till May 28 for the commencement of trial.

Recall that Justice Muazu had granted Emefiele bail in the sum of N300 million with two sureties in like sum.

Today’s arraignment on the fresh charges brought before Emefiele was previously scheduled to be held on April 30.

The arraignment was, however, stalled due to the absence of the prosecution who had asked the court to fix another date for the arraignment as the previous date was no longer convenient.

Following his request, the matter was fixed for today, Wednesday, May 15.

News

JUST IN: Another Rivers Commissioner Resigns, Cites Toxicity In Fubara’s Cabinet

Published

1 hour ago

May 15, 2024

Editor

The Rivers State Commissioner for Housing, Gift Worlu, has tendered his resignation from Governor Siminalayi Fubara’s administration.

His resignation was contained in a letter dated May 15 and directed to the governor, through the office of the secretary to the state government, Tammy Danagogo.

Worlu is the second commissioner to resign from the state cabinet today.