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‘FG’s plan to borrow N11tr, spend N3.36tr on subsidy, gross insensitivity’ – S’East group

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Says excessive borrowings ‘ll plunge Nigeria into slavery

Coalition of South East Youth Leaders, COSEYL, has expressed shock over the alleged plan by President Muhammadu Buhari-led administation to borrow another N11 trillion to finance the 2023 budget.

The group said going for fresh loan would further worsen Nigeria’s economic woes as the monies borrowed before now have not been repaid by the Federal Government.

COSEYL described the move as a gross insensitivity and a confirmation that Buhari’s lacks the capacity to manage Nigeria’s challenges.

In a press statement issued by its President General, Goodluck Ibem, COSEYL, urged Nigerians to resist any further attempt by the current administration to enslave the country.

COSEYL argued that instead of plunging Nigeria into irredeemable debt, it would be better for the President to honourably resign if he felt overwhelmed by the complex challenges of the country.

“It is truly worrisome that a man who knows within himself that he lacks what it takes to lead a country as big as Nigeria will not accept the truth and resign his position but will sit tight and be borrowing on daily basis to the detriment of the country.

“This excessive borrowing by Buhari confirms that he came to destroy our nation and what our forefathers fought so hard to achieve.

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“Over two centuries after Wilberforce joined forces with Thomas Clarkson, Granile Harp, Charles Middleton and Hannah More to end slavery, Buhari is plotting to resume the illegal and inhuman trade through excessive borrowings.

“This excessive borrowings by the Buhari’s administration knowing fully well the implications if not repaid will put Nigerians into slavery.”

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COSEYL called on Nigerians to wake to the sad economic implications of Buhari’s borrowing spree to avoid mortgaging the future of the unborn generations.

“We have pretended enough, and for too long. It is time for us to wake up and smell the coffee. We are in a bad shape as a country.

“At the rate we are borrowing, Nigeria is worse than a failed nation. Our dear country is in a deep mess. We should no longer be extenuating about the hopelessness of our situation brought upon us by President Buhari. The situation is really worrisome and scary.

“The Nigeria National Petroleum Corporation, NNPC, that is controlling and managing the major source of Nigeria’s revenue which is oil, has been living up to expectation under successive administrations in the past by remitting monies generated from the sale of oil to the federation account. But under President Buhari, no money is coming into the federation account from the NNPC.

“The Organization of the Petroleum Exporting Countries, OPEC, said Nigeria sold oil worth $206 billion US dollars from 2015 to 2019. After making such huge sales from oil alone, why the excessive borrowing on daily basis by President Buhari?”

COSEYL called for the resignation of NNPC boss for the failure of the corporation to remit revenue to the federation accounts.

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“It’s time for the resignation of the Group Managing Director, GMD of NNPC and her activities properly screened and investigated by an impartial independent audit panel. The gross incompetence and corruption by the NNPC is one of the main reason for the excessive borrowings.

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“We therefore call on the senate not to approve another borrowing but rather institute an impartial Independent Audit and Recovery Panel that will probe and investigate all the monies generated from NNPC, taxes and excise duties, contracts awarded, monies generated from Gold and other solid minerals, Abacha loots and other loots recovered by the government.”

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86-year-old woman set ablaze by daughter over alleged witchcraft

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Gunmen abduct Company MD, three foreigners in Lagos
A 45-year-old woman simply identified as Abiodun and popularly called “Iya Sunday,” has set her mother ablaze in a bid to kill her.

Abiodun was told by a Pastor that she would be free from a spiritual bondage after the death of her 86-year-old mother.

Witnesses said the suspect poured petrol on her mother and set her ablaze on Friday morning around 5am.

The incident happened at Surulere, opposite Anglican Cathedral Church in Ondo West local government area of Ondo State.

Gory picture of the victim showed that she sustained severe burns all over her body and receiving treatment in an undisclosed hospital.

An eyewitness, Sola Oladele, said the suspect came to her mother’s house in the early hours of Friday.

He said she called out her mother before pouring petrol on her and setting her on fire.

According to him: “What happened between them before the incident we don’t know, but the suspect has been arrested by police at the Enu-Owa division for further investigation.”

Abiodun said her action was because she was told that her mother was behind her predicament.

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She said: “I went to my mother’s house around 4 a.m. and sat outside. When it was 5 am, I called out my mother from the house. Immediately after she came out, not knowing what was happening, I poured petrol on her body and set her on fire.

“What started it is that I went to one Pastor for prayers and he told me that my mother is behind what is happening to me. I did not believe it at first. My mother also took me somewhere to see one woman. After my mother left, the woman also said the same thing.

SEE ALSO:  Woman jailed 6 months for hawking currency at Lagos event centre

“I burnt my mother because of what I heard from the pastor and the woman, that I can only be freed from bondage when my mother is dead.”

Police sources said the case would be transferred to the Police headquarters in Akure for further investigation. (The Nation)

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Gunmen abduct Company MD, three foreigners in Lagos, demand $1.5m ransom

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File: Kidnappers
Armed men suspected to be kidnappers have abducted four Lebanese including the Managing Director of Fouani Company, a prominent representative of LG and Hisense.

According to credible sources, the victims were travelling by boat from Apapa to Victoria Island when they were ambushed near Falomo Bridge. The kidnappers, whose identities are unknown, have demanded an astounding $1.5 million ransom.

Police Public Relations Officer of the Lagos State Police, Benjamin Hundeyin, confirmed the incident and stated that an investigation is ongoing.

He said, “Yes, we received the report and are investigating it.”
“We are currently working with their families and the Lebanese community to get them released,” Hundeyin explained.

However, the abduction has sparked outrage in the business community, with many calling for increased security measures to protect citizens.

The incident raises concerns about the safety of Lagos’ waterways and the effectiveness of law enforcement agencies in combating crime.

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SEE ALSO:  FG plans fresh cash transfer scheme for 75 million Nigerians
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ICPC grills woman who accused suspended Perm Sec of S*xual harassment

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ICPC grills woman who accused suspended Perm Sec of Sexual harassment
 •Suspended Permanent Secretary of the Federal Ministry of Foreign Affairs, Ibrahim Lamuwa
Simisola Fajemirokun-Ajayi, the woman who accused the Permanent Secretary of the Federal Ministry of Foreign Affairs, Ibrahim Lamuwa, of s*xual harassment, has been grilled and thereafter released by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

This is in the wake of an ongoing investigation by the Office of the Head of Civil Service of the Federation (OHCSF), following a letter from the Minister of Foreign Affairs, Yusuf Maitama Tuggar, in response to a petition written by Fajemirokun-Ajayi, against the permanent secretary.

In an exclusive interview with Daily Trust Saturday, an official of the ICPC said that Mrs Fajemirokun-Ajayi was quizzed for hours by the crack detectives of the commission over her allegations.

The official, who did not want his name in print, said Fajemirokun-Ajayi arrived at the commission’s headquarters at about 9:40 am, on Friday, alongside her lawyer; responded to various questions posed to her.

“She wasn’t arrested. She was invited and she honoured the invitation to come and substantiate the s*xual harassment allegations against the Permanent Secretary of her ministry, Ibrahim Lamuwa,” the official said.

The official said she was released after the interrogation on Friday, adding that she would still be called upon in future to make further clarifications if there is a need for her to do so.

Ambassador Lamuwa had responded to the query issued him by the head of service, denying all the allegations labelled against him.

The ICPC’s invitation letter inviting Mrs Fajemirokun-Ajayi was addressed to the minister of foreign affairs, requesting him to release her for questioning.

SEE ALSO:  Nigeria’s External reserves fall by $1.8bn in 10 weeks – Report

The ministry received the ICPC letter titled: ‘Investigation Activities: Notice of Invitation’ on Thursday.

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It said: “In view of the above and pursuant to sections 28 and 40 of the said Act, you are kindly requested to release and direct Mrs Simisola Fajemirokun-Ajayi of the Ministry to appear for an interview before the undersigned at the Commission’s Headquarters, Abuja, on Friday, 14 June 2024 at 10:00 hours,” read the invitation letter dated June 11, and signed by Acting Director of Operations, S. Yahaya.

It is not immediately clear whose petition led to the ICPC investigation or what exactly the agency is investigating.

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