Connect with us

Politics

Tinubu’s source of wealth unknown; his govt looting billions from oil theft as hunger plagues Nigerians: Financial Times.

Published

on

Spread the love

 

“Tinubu must utilise all his political acumen to stem this theft,” FT wrote.

The Financial Times (FT) has raised significant concerns about President Bola Tinubu’s unexplained source of wealth, accusing his administration of looting billions through oil theft while millions of Nigerians suffer from hunger and poverty.

In an editorial published on Wednesday, the FT criticises Mr Tinubu’s disjointed policies, which have exacerbated the plight of tens of millions of Nigerians, pushing them further into poverty.

“Corruption must be confronted. It does not help that Tinubu’s own substantial wealth remains obscure, nor that his Minister for Poverty Alleviation was suspended over allegations of funds diversion, which she denies,” the FT argued.

It added, “It also does not assist that the state is implicated in the large-scale theft of oil, depriving the nation’s coffers of billions of dollars.

Tinubu must utilise all his political acumen to stem this theft.”

According to FT, instead of handing out bags of rice to Nigerians, what is needed is direct cash pay­ments to people’s phones, the tech­no­logy for which exists, and in the longer term, a proper safety net, which the state lacks the capacity or probity to administer.

In 2022, Peoples Gazette published a series of damning reports on how Mr Tinubu, who was Lagos governor between 1999-2008, corruptly enriched himself through questionable Lagos tax administration via Alpha Beta.

The newspaper also uncovered how Mr Tinubu’s Alpha Beta siphoned billions to shell companies.

FT’s critique follows the anniversary of Mr Tinubu’s first year in office on 29 May.

Previously, The New York Times had similarly reported on how Mr Tinubu’s policies have deepened poverty in Nigeria.

Last week, Senator Ali Ndume, a member of Mr Tinubu’s party, condemned the administration for its insensitivity to the suffering of Nigerians, describing it as being run by “kleptocrats”.

Ahmed Oluwasanjo and Abdul Ardo
© 2024 Peoples Gazette™ Limited.

Politics

Mercy Johnson’s Spouse, Henry Okojie, Survives Assassination Attempt by Political Assailants

Published

on

Spread the love

 

Security forces thwarted a reported assassination attempt on Henry Okojie, a federal representative for the Esan North-East/Esan South-East Federal Constituency in Edo State. The assailants were identified as armed individuals believed to be political operatives.

Michael Ihaza, Okojie’s media spokesperson, confirmed the incident in a statement released on Friday, September 20. He reported that Okojie, who is married to actress Mercy Johnson, was targeted at his home by gunmen in a Lexus GX 470 with Rivers State license plates – PHC 253 FF.

The statement emphasized that the planned attack “failed due to the prompt response of security personnel assigned to the lawmaker.”

Photo source: Instagram

Continue Reading

Politics

Former President Olusegun Obasanjo has called for the imprisonment of corrupt politicians, stating that “thieves cannot provide just governance.”

Published

on

Spread the love

The 87-year-old statesman made this demand while speaking virtually at the memorial lecture for Denis Joseph Slattery, a late cleric, in Lagos.

In his speech, titled The Imperative for Moral Rectitude in Governance, Obasanjo emphasized that the key requirement for anyone involved in governance is “accountability.” He argued that officials with “questionable” integrity are incapable of making decisions that benefit the greater good.

“If you look clinically at the people in government today at both executive and legislative levels, some of them should be permanently behind bars for their past misdemeanour and criminal misconduct,” said Obasanjo, who served as Nigeria’s head of state from 1976 to 1979 and later as president from 1999 to 2007. “You cannot expect thieves to give good judgement in favour of the owner of the property.”

Obasanjo also reflected on his shocking experiences with corruption, recalling how dishonesty was normalized in politics. “The first thing that shocked me when I went into politics was the level of corruption of election officials which was taken as normal,” he said. “The second was the level of general and criminal misbehaviour which was taken with levity and impunity. We were at a meeting and a man lied and I confronted him, and the next thing he said is ‘It is all politics, Sir’.”

Obasanjo lamented how politics has been used to justify unethical behaviour, adding, “Every bad thing they do is passed on as politics which means politics has no room for morality, principles, rectitude, ethics, good character and attributes.”

He concluded by urging Nigeria to seek “transformational leaders rather than transactional leaders, truth instead of lies, honesty instead of dishonesty, integrity instead of disintegrity, hope instead of despair, production instead of deduction, inclusion instead of exclusion and marginalisation.”

Continue Reading

Politics

Breaking News: Owerri Court Disqualifies 27 APC Chairmanship, 305 Councillorship Candidates Over Conduct of Primary Election …Bars APC From Participating in Saturday’s LGA Poll

Published

on

Spread the love

Breaking News:

Owerri Court Disqualifies 27 APC Chairmanship, 305 Councillorship Candidates Over Conduct of Primary Election
…Bars APC From Participating in Saturday’s LGA Poll

By Ekeh Chiemena, Owerri

A Magistrate Court sitting in Owerri, the Imo State capital has disqualified the 27 Chairmanship and 305 Councillorship candidates of the All Progressives Congress (APC) for the September 21 Imo State Local Government Elections over the party’s failure to comply with the Guidelines of the Imo State Independent Electoral Commission (ISIEC) in the conduct of its primary election.

The Court also barred the party, APC and its candidates from participating in Saturday’s Local Government election in Imo state.

In a ruling in the case with No. CR/OMC/635/2024 and instituted by aggrieved APC members, Her Worship, Ifunanya Ekwerike maintained that the All Progressive Congress ought not to be in the Local Government election because it failed to conduct Chairmanship and Councillorship primaries in line with ISIEC guidelines.

Earlier, some aggrieved APC Aspirants under, Forum of APC Chairmanship and Councillorship Aspirants in Imo State had approached Chief Magistrate Court of Imo State, in the Owerri Magisterial District over non compliance to electoral provisions.

The court delivered this judgement following a report of discrepancies in the conduct of APC Chairmanship and Councillorship primaries in Imo state for the purposes of the September 21st proposed local government election across the 305 Wards in the state.

It could be recalled that the Forum, through its state spokesperson, Barr Lucky Ikwubuo (Onye Eze) vowed that its members would do everything possible to ensure that APC does not participate in the Saturdays LGA Election following its refusal to conduct a transparent, free, fair and credible primary election after the party allegedly extorted them of money valued over 3 million each.

Continue Reading

Trending