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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.

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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.

“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.”

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.

“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.

“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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Rochas Okorocha arrested, released after one-hour Interrogation — Police

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Rochas Okorocha
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Former Imo State Governor, Senator Rochas Okorocha, was arrested by the Nigeria Police Force (NPF) on Monday night.

The Nigeria Police Force Public Relations Officer, CSP Aniete Iniedu, confirmed the development to Channels Television.

Okorocha, who was arrested at REIZ Continental Hotel in central Abuja, was, however, released on bail by the NPF following an hour of interrogation over allegations of criminal conspiracy, forgery and impersonation.

CSP Iniedu, who confirmed the arrest and subsequent release on bail to our correspondent, noted that the former governor was asked to return to the Force Headquarters on Tuesday for further interrogation as investigations into the allegations continue.

The arrest reportedly followed Okorocha’s failure to honour previous police invitations in connection with the ongoing investigation.

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He was initially invited to the Force Headquarters on September 2, but the appointment was rescheduled to September 8 at the request of his lawyers, a date he reportedly failed to honour.

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BREAKING: Soludo, Wike, Adeleke, others appointed member of APC Presidential Campaign Council

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Anambra Gov, Prof Chukwuma Soludo
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Anambra State Governor, Prof. Chukwuma Soludo, has been appointed a member of the All Progressives Congress (APC) 2027 Presidential Campaign Council list released last night.

This is despite the fact that he is the National Leader of the opposition All Progressives Grand Alliance (APGA).

Similarly, Federal Capital Territory (FCT) Minister Nyesom Wike, the National Leader of the opposition Peoples Democratic Party (PDP) and Osun State Governor, Senator Ademola Adeleke of the opposition Accord Party (AP), are on the expanded and all-inclusive team headed by President Bola Ahmed Tinubu.

Other members include Presidential Adviser on Policy and Coordination, Hadiza Bala Usman, former Ogun State Governor Ibikunle Amosun, former Lagos State Governor Akinwunmi Ambode, Aviation Minister Festus Keyamo, and former House of Representatives member Patrick Obahiagbon.

Also named as members are former Osun APC governorship candidate Bola Oyebamiji, former National Legal Advisers Dr. Muiz Banire and Babatunde Ogala, Chief Ayiri Emami, Victor Giadom, Magnus Abe, and former Ogun State Governor Gbenga Daniel.

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The list, according to a report by The Nation, reflects inter-party cooperation and harmony based on the shared vision of propelling the country to the horizon of progress.

The report quoted a statement by APC National Secretary, Senator Ajibola Basiru, as saying that the campaign council will be inaugurated tomorrow in Abuja.

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Mbah orders impartial Police Probe into Enugu political violence, vows accountability

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Enugu State Governor, Dr Peter Mbah, has called for a thorough and impartial police investigation into the recent violence surrounding a political gathering in the state, assuring that anyone found responsible will face the law regardless of political affiliation.

Mbah, in an address to the people of Enugu State, expressed concern over reports of violence, particularly a shooting incident that left a citizen injured.

The governor said his immediate concern was the welfare of those injured, residents who experienced fear during the incident, and families affected by the violence.

He assured the victims and affected residents that their safety and well-being remained a priority for his administration.

“I know how much our people value the peace and security we have worked so hard to establish in Enugu. Incidents such as these cause anxiety and deserve our full attention,” the governor said.

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Mbah stressed that every citizen, irrespective of political affiliation, must be able to exercise their political rights without fear, intimidation or violence.

He reiterated the state government’s commitment to protecting lives, upholding the law and ensuring that justice was served without favour.

The governor also stated that, in view of the preliminary findings regarding the incident, he expected the police to conduct a comprehensive and impartial investigation to establish the circumstances surrounding the violence and identify those responsible.

According to him, anyone found culpable would be held accountable through the appropriate legal process, irrespective of their political connections.

“The Enugu State Government has made its position clear regarding allegations of involvement in this violence,” Mbah stated, reaffirming his administration’s responsibility to maintain peace and security across the state.

The incident has raised concerns over political tolerance and the safety of citizens participating in political activities in Enugu State.

The governor’s call for an impartial investigation underscores the need for the relevant security agencies to establish the facts surrounding the shooting and ensure that those responsible are brought to justice.

He concluded his address by thanking the people of Enugu State and praying for God’s continued blessings upon the state.

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