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Don’t spare anybody involved in alleged N585m fraud involving Betta Edu – Obi tells Tinubu

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Don’t spare anybody involved in alleged N585m fraud involving Betta Edu – Obi tells Tinubu
Peter Obi and President Tinubu
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The 2023 presidential candidate of the Labour Party , Mr Peter Obi says President Bola Tinubu must ensure that those culpable in the alleged N585m fraud involving the Minister of Humanitarian Affairs and Poverty Alleviation, Dr Betta Edu are brought to book.

Obi said in a write-up in his X-handle platform on Thursday that the government should go beyond the suspension of the minister, which he described as a welcomed development, and carry out a comprehensive investigation into the matter.

According to him, the government must give the problem of public sector corruption the severe urgency it deserves.

Obi expressed disappointment that a ministry created in good faith to attend to the plight of the suffering masses was being turned into a conduit pipe to steal from the poor as seen in the current and previous ministers of the ministry.

“I like to add my voice with most Nigerians concerned about accountability in government and judicious use of public funds, to welcome the suspension of Edu, and subsequent directives for her investigation.

“The investigation must be comprehensive so that all those culpable are brought to book,” Obi, a former two-term Anambra governor said.

Cautioning against taking the issue lightly, Obi added that the suspension of the minister should not be a window-dressing action but should be a peg to get at all those who are deserving of blame, punished just like the minister.

“By a sad coincidence, the alleged fraudulent diversion of N585 million of public money by Edu broke almost at the same moment that the minister who held the same portfolio in the last administration is being investigated for a whopping N37 billion misappropriation.

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“The ministry may have been created by the system as a conduit pipe to siphon public funds while using the poor as a face.

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“Equally worrisome and disgusting is the fact that the missing funds are meant for poverty alleviation in a time of severe suffering among the people.

“Unfortunately, the ruling elites can shamelessly convert, divert, or misappropriate such huge sums meant for the poor and cannot be trusted to address the severe poverty ravaging the people.

“It is not only immoral but also insensitive for those entrusted with funds for public welfare to steal from the poor,” the Labour Party leader said.

Obi called on the Tinubu administration to use these cases to initiate a thorough system-wide and systematic investigation of all reported cases of fraud and corruption among high government officials in the country.

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Peter Obi should be held responsible for anarchy arising from August 1 hunger protest – Presidency

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Bayo Onanuga
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Bayo Onanuga, a senior to President Bola Tinubu, has alleged that supporters Mr Peter Obi, former presidential candidate of the Labour Party, LP, are planning mayhem in Nigeria.

Onanuga claimed that the proposed nationwide protests were being planned by Obi’s supporters, whom he described as failed presidential candidate.

According to him, Obi should be held responsible for whatever crisis that would emanate from the action.

In a post on his X handle on Saturday, Onanuga said the proposed protest planners are also the same people who were instigated by the incarcerated IPOB leader, Nnamdi Kanu to launch the destructive ENDSARS protest in Nigeria in October 2020.

He wrote: “REVEALED: Peter Obi’s supporters are the people planning mayhem in Nigeria: Obi should be held responsible for anarchy

“Don’t be fooled: the malcontents planning to stage nationwide protests are supporters of Peter Obi, the failed presidential candidate of the Labour Party. And he should be held responsible for whatever crisis emanates from the action.

“The protest planners are also the same people who were instigated by IPOB leader Nnamdi Kanu to launch the destructive ENDSARS protest in Nigeria in October 2020. ENDSARS began as a genuine protest by youths against the Police Special Anti-Robbery Squad, notorious for its high-handedness. IPOB members planning to extricate the South East region from Nigeria infiltrated the protest and hijacked it for their own agenda. Lagos still bears the scar of the malicious destruction by IPOB elements until today.

“Two years after ENDSARS, the IPOB and the gullible innocents joined the Labour Party in 2022 to support Peter Obi, a sympathiser of their cause.

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They are the people spreading the hashtags ‘EndBadGovernance’, ‘Tinubu Must Go,’ and ‘Revolution2024’. They are not democrats but anarchists. They are attempting to call out our people via propaganda because their Messiah, Peter Obi, failed to win the Presidency in the 2023 election. As bad losers, they don’t have the patience to wait for another election in 2027; they would rather destabilise Nigeria by staging a civilian coup against President Bola Ahmed Tinubu.

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SEE ALSO:  50 Reps write Tinubu, demand Nnamdi Kanu’s release 
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Two brothers drown in FCT River

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Two brothers drown in FCT River
•The river behind the village
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Two brothers, Joshua and Samson, have drowned in a river in Robukya community in Kwali Ward in Kuje Area Council of the FCT.

A relation of the deceased, Musa Abednego, who confirmed the incident to our reporter on Thursday, said it happened on Tuesday around 9am while they were crossing the river.

He said the brothers, Joshua and Samson, were between the ages of nine and 12 and that they were on their way to the farm when the incident happened.

He explained that the victims got drowned following a heavy rainfall which made the river to overflow.

He said, “Their father asked them to hold on after the rain subsided. Unfortunately, they left home to the farm without him knowing.”

Abednego said their corpses were recovered on Wednesday around 4pm through the help of some fishermen, adding they had been buried.

The spokeswoman of the FCT Police Command, SP Josephine Adeh, was yet to speak on the incident.                                              Daily Trust

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SEE ALSO:  Nigerians bought N16tn fuel, generators in 2023 – FG
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CBN intervenes in foreign exchange market

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CBN intervenes in foreign exchange market
Central Bank of Nigeria
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The Central Bank of Nigeria (CBN) has started selling foreign exchange on a regular basis through Authorised Dealer Banks and licensed Bureaux De Change (BDCs) as a response to the current fluctuations in the foreign exchange market.

These fluctuations are primarily caused by the demand pressure coming from corporate entities and the seasonal increase typical during the summer period.

By implementing regular sales of foreign exchange, the CBN aims to stabilise the market and ensure smoother transactions for both businesses and individuals involved in foreign exchange activities.

Director, Financial Markets Department of the CBN Dr Omolara Omotunde Duke in a statement on Friday night assured the public of the bank’s commitment to address the demand pressure and stabilize the foreign exchange market.

Highlighting recent transactions, the CBN disclosed that it sold a total sum of US$106,500,000.00 to 29 authorized dealer banks on Thursday, July 18 and Friday, July 19, 2024.

These transactions took place within an exchange rate range of N1,498.00/US$1 to N1,530.00/US$1. Additionally, the CBN purchased US$9,500,000 (Nine Million and Five Hundred Thousand Dollars) from four authorized dealer banks at rates between N1,510.00/US$1 and N1,550.00/US$1. All these transactions are marked for settlement on July 19, 2024.

The Central Bank also stated its commitment to closely monitor compliance with existing trading rules and regulations by authorized dealer banks. This is seen as an effort to promote ethical conduct and ensure stability in the foreign exchange market.

The general public was also advised to direct their foreign exchange demands to their respective banks and BDC operators, adhering to prevailing market regulations.

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With the regular sale of foreign exchange and ongoing monitoring of trading practices, the CBN aims to meet demand pressure, foster stability, and sustain a well-functioning foreign exchange market.

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