NEWS
Momodu Writes Third Letter To Tinubu In Weeks
Ovation Magazine Publisher, Chief Dele Memedu has penned a third letter to President Bola Ahmed Tinubu over the rough ride Nigeria is having under his leadership.
He made the letter available on his verified handle on micro-blogging site, X, and cautioned that declaring state of emergency would not stop the looming revolution.
He stated, “No leader should provoke the suffering people, flagrantly. I continue to join other peace-loving Nigerians in appealing to the protesters to maintain peace at all costs.”
Urging the state actors to make personal sacrifices, he pointed out, “A State of emergency won’t solve the problems… The way forward would entail a huge sacrifice”.
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Momodu wrote, “Dear Mr President, ASIWAJU BOLA AHMED TINUBU, I’m writing my third letter to you in weeks, on the first day of what might turn out to be a long and torturous protest in the history of Nigeria.
“This is what I owe you. Be rest assured that I’m a man of modest income who is happy to live within his means and not looking for anything from you, other than good governance.
“You and I have a chequered history spanning decades and I have never lobbied you for appointments after we returned from exile in 1998, and you were Governor of Lagos State for eight years, and you’ve been in absolute control in the last 25 years.
“Sir, it has become pertinent to state this lest the deluge of blackmailers swarming all over you might think I’m one of them. My motive in writing you is absolutely pure.
“Now to the meat of this epistle… DID WE NOT ALERT THE GOVERNMENT ENOUGH? We were abused for advising the President of our country. Some power drunk leaders even threatened and boasted on television that ABUJA was a no-no for the protesters.
“But, today, the people marched majestically on the streets of FCT and the Emperors and their acolytes were nowhere to be found…
“I’m sure you saw what happened nationwide. It is a lesson of history that you and yours must learn.
“No leader should provoke the suffering people, flagrantly. I continue to join other peace-loving Nigerians in appealing to the protesters to maintain peace at all costs.
“But your government should improve its terrible communication strategies. For whatever it’s worth, you should have come out to address your fellow citizens. The feeling out there is that you’ve changed from the pro-democracy leader we used to know.
“A State of emergency won’t solve the problems… The way forward would entail a huge sacrifice: the Federal government should downsize drastically, by sacking most of the deadwoods imported to Abuja from Lagos in the name of political appointments.
“Ministries should be merged for cheaper and more efficient operations. The outlandish profligacy of governments at all levels must stop.
“The States must replicate too. LET’S ALL AVERT WHAT MAY BECOME A REVOLUTION. I salute the doggedness of Nigerians.”
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.