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Cabal Can’t Hijack Tinubu’s Govt – Presidency

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The presidency took a firm stance on Sunday night, dismissing any possibility of a cabal influencing President Bola Tinubu’s administration, a concern rooted in past occurrences.

Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, asserted this during a noteworthy interview on TVC News Sunday Politics.

Ngelale also pointed fingers at what he labeled “sub-regional forces” for the escalating insecurity in specific northern areas, attributing their activities to destabilizing the nation.

The president’s Aide was reacting to a range of current media topics, addressing concerns such as the state of the economy, the repercussions of past government officials’ negative activities, the prevailing security situation, and the diverse efforts undertaken by the Tinubu administration to address and rectify these issues.

Ngelale stressed that President Tinubu is not the type of leader who allows officials to mismanage or manipulate public office for personal gain.

According to Ngelale, Tinubu’s governance style leaves no room for any official to exert undue influence over the government.

He said “The good fortune we have is that we elected, not just a professional accountant, a professional auditor, but we elected a man who fully understands the governance mechanisms, not just at the federal level, but at sub-national level.

“I think this is a man who anyone working in the office of the President would tell you, there is not one individual in the Presidency that has a monopoly over what the President sees, hears and reads.

“Nobody has that kind of power in the office of this President and that’s intentional.

“He is someone who everyone has access to, everyone who needs to have access to him, has access to him. He has direct communications on a frequent basis with the heads of intelligence agencies, anti-graft agencies, and the like.

“So there is not going to be the potential there for anyone to form a cabal around this President because he’s aware of the dynamics of what has happened in the past and he is determined to ensure that that is not replicated under his watch.

“I will also add the fact that in the person of the current CBN Governor Mr. Olayemi Cardoso, this is a man who is reputed around the world as being a prudent manager of men and resources. This is someone who has a reputation, even within the government, of being tight fisted and that is by the intention of President Bola Tinubu to have someone like that in place.

“I would also add that when you look at organizational structures that lead to Governor Emefiele, … put him in the position that he currently is in, the President has taken a comprehensive review of that structure and he has said, even by legislation, that we are going to ensure that not only guardrails are put in place, but that legislative changes be enacted in such a way that this can never happen again.

“He’s determined to do it, Nigerians will watch him do it and that will mean that moving forward, the kind of elite conspiracy we saw between CBN officials, high ranking government officials and high ranking members of the private sector, they’re not going to be able to conspire amongst themselves to find loopholes within the system because we have a President who’s an auditor and accountant, who will close those loopholes, just the way he did in Lagos State many years ago”, he added

Discussing the security situation, particularly in the north, Ngelale claimed the involvement of sub-regional and geopolitical forces undermining the country’s stability.

Despite this, he emphasized the government’s commitment to addressing the challenges through collaborative efforts and ongoing initiatives.

 

NEWS

N1.7trn Loan: Atiku Blames NASS For Worsening Nigeria’s Debt Burden

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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.

 

 

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International News

ICC Issues Arrest Warrants For Israeli Prime Minister Netanyahu, Others

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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.”

READ MORE: Osun Govt Decries Attempted Murder Of Park Mgt  Chairman By Police

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.

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NEWS

Edo State Governor Sets Up Committee To Recover Missing Gov’t Vehicles

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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.

READ ALSO: Finnish Police Arrest Simon Ekpa Over Terror-Related Allegations

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.

 

 

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