NEWS
Doguwa, Two Other Withdraw From Speakership Race For Abbas
Three aspirants for the position of Speaker in the upcoming 10th House of Representatives – Alhassan Ado Doguwa, Abdulraheem Olawuyi, and Abubakar Makki Yelleman – have withdrawn from the race.
They announced their decision during the Joint Task-10th Assembly meeting held in Abuja on Wednesday evening.
The meeting was graced by Speaker Femi Gbajabiamila and Senator Godswill Akpabio, the consensus candidate for the 10th Senate President.
Speaking on behalf of the other two candidates, Doguwa expressed their collective choice to step aside in favor of Tajuddeen Abbas, the preferred candidate of the All Progressives Congress (APC). This decision reflects their respect for the party and their alignment with the APC’s chosen nominee for the Speakership position.
“Distinguished ladies and gentlemen, I am here to put it on the records that, not just from today, that, right from day one, when the NWC, the National Working Committee of my party put it on the table that, they have come up with a zoning arrangement and after zoning, with all sense of morality, micro-zoned it to the North West and Micro-micro zoned it to my brother, Right Honourable Tajuddeen Abbas representing Zaria federal constituency from North Western Nigeria, as from that date and day, I therefore called my bid to contest for the Speakership of the 10th House of Representatives off.
“I had to to that because I am a man of establishment, I had to do that because I am also a beneficiary of same kind of arrangement then, and today, I have benefited from party arrangements, I have personally benefited from this kind of zoning arrangement, that was what gave me the position of the Chief Whip of the 8th House of Representatives even when there were issues, the zoning held away. Today, I am the Majority Leader of the House of Representatives courtesy of the National Working Committee of my party.
“My great brothers and sisters, courtesy demands that, it is only fair. I also stand by the position of the National Working Committee and the leaders of my great party. It’s not like the table is turning against me, no. The fact is that, time has come for me to also pay back and I think paying back in these circumstances means a great responsibility that I must have to honour and oblige.
“I rise before you today this good evening Mr Speaker, my boss, Right Honourable Femi Gbajabiamila and around me, is Right Honourable Abdulraheem Olawuyi and my other friend here, Honourable Makki Yelleman. We are here individually and collectively stepping into the shoes of this great campaign.
“We all wanted to be Speakers not because we knew that, you can have several Speakers. At every there only can be one Speaker. And in the light of this disposition, I want to say, on behalf of my great men here around me, that we have individually and collectively decided to come and surrender our bids to become Speaker this time around to the great party, the APC and we also defer, on record to our great gentleman that was picked by the party to ran for the Speakership officially on behalf of our great party, Right Honourable Tajuddeen Abbas.
“We are also of the opinion that, the selection process of Right Honourable Tajuddeen Abbas was not in anyway biased. We are also quite aware that, the person of Tajuddeen Abbas and of course his running mate, the Deputy Speakership candidate, they are qualified to hold their respective offices”.
Earlier, the Speaker, Femi Gbajabiamila said even in advanced democracies, one can disagree with his party, but at the end of the day, the party which is an organised entity survives.
He reminded that members of the party and other parties have treaded the same path in the past and had seen the effects, so the decision was to avoid the mistakes of the past.
The APC made a painful decision to choose a consensus candidate. Considerations were taken to make the best choice for the party and the country. Doguwa and six other aspirants rejected the chosen candidate.
This led to the formation of the G7, who aimed to select their own candidate for the Speaker position.
NEWS
N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden
Former Vice President, Atiku Abubakar has criticized the federal government’s plan to secure an additional N1.7 trillion loan through Eurobonds to cover a shortfall in the 2024 budget, describing the borrowing as unsustainable and harmful to Nigeria’s economy.
In a statement shared on Thursday via his X (formerly Twitter) handle, Atiku accused the Bola Tinubu-led administration of burdening Nigerians with debt while failing to provide clear answers about the country’s fiscal challenges.
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He also faulted the National Assembly for enabling what he called a “voracious appetite” for loans.
The former Peoples Democratic Party (PDP) presidential candidate expressed alarm over a recent World Bank report ranking Nigeria as the third most indebted country to the International Development Association (IDA), calling the development troubling.
“The recent report released by the World Bank, showing Nigeria as the third most indebted country to the International Development Association (IDA), is very concerning,” Atiku stated.
He raised further concerns about the government’s decision to benchmark the proposed loan at an exchange rate of 1 USD to N800, despite the Central Bank of Nigeria’s official rate being over N1,600.
“What makes this particular loan proposal even more concerning is that it is benchmarked at the exchange rate of 1 USD to N800, whereas the current exchange rate from the Central Bank of Nigeria stands at over N1,600 to 1 USD,” he said.
Atiku questioned the need for additional borrowing, given the government’s earlier claims of record-high revenue collection.
“In July this year, Tinubu boasted that the FIRS and Customs under his watch had collected all-time high revenues to finance the budget. Why are they still borrowing?” he said
He accused the government of a lack of transparency, describing the borrowing spree as detrimental to Nigerians already struggling under economic hardship.
“There is something that they are not telling Nigerians, even as they are being crushed by a combination of their failed trial-and-error policies and loan rackets.”
Atiku also referenced a report by BudgIT, a budget monitoring group, which criticized the 2024 budget for its inefficiencies.
He alleged that corruption, rather than infrastructure or development needs, was driving the government’s borrowing decisions.
“These loans are powered by corruption and not for infrastructure and development needs. This voracious appetite for humongous loans is deeply concerning,” he said.
Reflecting on Nigeria’s financial history, Atiku lamented the return to significant foreign indebtedness just years after former President Olusegun Obasanjo’s administration cleared the country’s debt.
“It is agonizing to see that just a few years after the Obasanjo administration took us out of foreign indebtedness, we are today back at the top spot in the same conundrum,” he stated.
He called for a more cautious approach to borrowing, urging the government to prioritize fiscal responsibility and transparency to avoid worsening Nigeria’s economic challenges.
International News
ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others
The International Criminal Court (ICC) has taken a historic step, issuing arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former Defense Minister Yoav Gallant.
The charges include crimes against humanity and war crimes allegedly committed during Israel’s recent assault on Gaza.
In a detailed statement, the ICC accused the Israeli leaders of “intentionally and knowingly depriving the civilian population in Gaza of objects indispensable to their survival, including food, water, and medicine and medical supplies, as well as fuel and electricity.”
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The ICC’s move marks a significant escalation in international scrutiny of the Israeli-Palestinian conflict. Netanyahu and Gallant are alleged to have orchestrated policies that caused severe harm to the civilian population in Gaza, leading to widespread condemnation from human rights organizations.
Alongside the charges against Israeli officials, the ICC also issued an arrest warrant for Hamas military commander Mohammed Deif. Deif has long been a central figure in Hamas’s military operations. Israel’s military claims to have killed him in a July airstrike, although this has not been independently verified.
The warrants highlight growing calls for accountability amid the ongoing conflict in the region. The ICC’s actions are likely to provoke heated debate and may complicate diplomatic efforts aimed at resolving the crisis.
With the warrants issued, global attention now turns to how the international community will respond and whether any practical steps will be taken to enforce them.
NEWS
Edo State Governor Sets Up Committee To Recover Missing Gov’t Vehicles
Governor Monday Okpebholo of Edo State has inaugurated a 12-member committee tasked with recovering government vehicles reportedly in private hands.
The committee, led by Kelly Okungbowa, has been given a two-week mandate to retrieve the vehicles and ensure their return to the state government.
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Speaking during the inauguration ceremony in Benin City, Governor Okpebholo emphasized the importance of accountability in the management of public resources.
He urged the committee to carry out its assignment thoroughly and within the bounds of the law.
In his response, Okungbowa expressed gratitude to the governor for entrusting the team with the assignment, vowing to deliver results within the stipulated timeframe.
“A lot of vehicles used by the past administration are missing, as those in custody of the vehicles have refused to return them,” Okungbowa said.
“The governor deemed it fit to inaugurate us today with a mandate to recover all government vehicles in private hands.”
The committee, which includes representatives from Edo’s three senatorial districts, is set to investigate and recover the vehicles based on credible intelligence already at their disposal.
“We already have vital information regarding some persons still holding government vehicles,” Okungbowa stated. “We will do the job according to the law, and both the government and the people will be satisfied with the outcome.”
He also called on members of the public to assist the committee by providing information about any government vehicles that may still be in private possession.
“We want to appeal to members of the public who might be aware of anyone still keeping government vehicles in their houses to please inform us to enable the committee to recover such for the Edo State Government,” Okungbowa said.
The committee’s vice chairman, Rt. Hon. Victor Edoror, a former Speaker of the Edo State House of Assembly, will work alongside other members to ensure the success of the initiative. The public can reach the committee at 08110165121.