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$16bn power sector fraud: ”Stop accusing me ignorantly” – Obasanjo tells Buhari

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Former President Olusegun Obasanjo has reacted to the recent call by President Buhari for a probe of the $16 billion spent on power during the 16-year PDP rule. President Buhari at the APC presidential rally in Bayelsa state on Tuesday February 12th, hinted that there will be probe on all the past governments involed in the $16 billion power project. 

Reacting to the call for the probe, Obasanjo in a statement released by his media aide, Kehinde Akinyemi, said the request for a probe on the power project is borne out of ignorance.

In the statement, the former president said he had given a detailed account of how the money was spent for the power project in his widely read book, My Watch, and that if President Buhari cannot read it, he should get one of his aides to read it and interprete in a language best suitable. Read the statement below

”It has come to the attention of Chief Olusegun Obasanjo that a statement credited to President Muhammadu Buhari, apparently without correct information and based on ignorance, suggested that $16 billion was wasted on power projects by “a former President.

“We believe that the President was re-echoing the unsubstantiated allegation against Chief Obasanjo by his own predecessor but one.

“While it is doubtful that a President with proper understanding of the issue would utter such, it should be pointed out that records from the National Assembly had exculpated President Obasanjo of any wrong-doing concerning the power sector and has proved the allegations as false.

“For the records, Chief Obasanjo has addressed the issues of the power sector and the allegations against him on many occasions and platforms, including in his widely publicised book, “My Watch” in which he exhaustively stated the facts and reproduced various reports by both the Economic and Financial Crimes Commission (EFCC), which conducted a clinical investigation into the allegations against Chief Obasanjo, and the Ad-Hoc Committee on the Review of the Recommendations in the Report of the Committee on Power on the Investigation into how the Huge Sums Of Money was Spent on Power Generation, Transmission And Distribution between June 1999 and May 2007 without Commensurate Result.

“”We recommend that the President and his co-travellers should read Chapters 41, 42, 43 and 47 of My Watch for Chief Obasanjo’s insights and perspectives on the power sector and indeed what transpired when the allegation of $16 billion on power projects was previously made.

“If he cannot read the three-volume book, he should detail his aides to do so and summarise the chapters in a language that he will easily understand.

“”In the same statement credited to the President, it was alleged that there was some bragging by Chief Obasanjo over $16 billion spent on power. To inform the uninformed, the so-called $16 billion power expenditure was an allegation against Chief Obasanjo’s administration and not his claim.

“The President also queried where the power generated is. The answer is simple: The power is in the seven National Integrated Power Projects and eighteen gas turbines that Chief Obasanjo’s successor who originally made the allegation of $16 billion did not clear from the ports for over a year and the civil works done on the sites.

“”Chief Obasanjo challenges, and in fact encourages, anybody to set up another enquiry if in doubt and unsatisfied with the EFCC report and that of the Hon. Aminu Tambuwal-led ad-hoc committee.”

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Umar Mohammed Bago, Man With Passion For Service

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-Why He Wants To Be Reps Speaker 

Umar Mohammed Bago is not just another member of the Federal House of Representatives, he is a man that has the wherewithal and the qualities of a leader of the 21st Century, whose antecedents show that he could turn a stone to bread and bring water out of the rock. 

The people of Chanchanga  Federal Constituency in Niger State knew better,  when they voted for Bago to be their representative in the House of Reps in 2011  and repeated the same in 2015 and 2019. 

Bago has since proven the be the best man for the job with the way he has influenced development to the area and touched the lives of the people in the constituency. 

The 45-year-old politician is an alumnus of the Federal Government College, Jos and he graduated with a degree in Political Science from Uthman Dan Fodio University,  Sokoto and holds a Post Graduate Diploma. 

His educational career continued as he went ahead to obtain Masters Degrees in Management, Business Administration and Finance and he is an alumnus of the prestigious Cambridge University in the United Kingdom. 

Bago cut his teeth in banking at the Central Bank of Nigeria, United Bank of Africa, Standard Trust Bank (STB), FCMB,  and Afribank. 

As a member of the Federal House of Representatives, his experiences are for the records. 

He was a member of the House Committee on Banking and Currency,  Appropriation and Communication Technology,  Defense, as well as Loans and Debts. 

He has also served in other committees such as National Planning and Economic Development,  Media and Publicity,  and he is a member of several civil societies and donor agencies. 

In 2015, Bago was made the Chairman of the House Committee on Maritime,  Safety,  Education and Administration. 

While some of his colleagues could not boast of making differences in the green chamber,  Bago has so far moved 20 motions on the floor of the House, sponsored 15 bills and co-sponsored several others. 

The people of Bago’s constituency are living testimonies of his people-oriented empowerment programmes and constituency projects. 

The cerebral nationalist is well travelled, exposed,  urbane and speaks Nupe,  Hausa and Yoruba fluently.

Bago is one of the politicians that have no baggage and people believe that the House of Representatives deserves such a politician to be it’s leader. 

Some of his thoughts have become reference points for those, who believe in quality leadership and progressive minded politicians. 

Bago once stated that “I observed with continued amazement and curiousity that the issue of equity in geopolitical balancing  as enshrined in the constitution of Federal Republic of Nigeria, has not been seen and taken seriously rather the issue of capacity and competence is being touted.

“The question is capacity and competence in what? To move motions and bills? Chair committee sessions? Educational background? Party loyalty? humbly speaking; if these are the indices to define capacity and competence, I am very qualified.”

Bago  believes that if its the job of Speaker that “we are talking about, the Speaker will not be moving motions or Bills. Only Speaker Yakubu Dogara had moved a bill on the floor of the house of representatives in recent history of the house over the last twenty years.”

He stressed that a great speaker could  not emerge from disdain for the constitution with which he will be sworn in, adding that the capacity and competence must be situated within constitutional prescriptions. 

“Lastly the Speaker must enjoy earned confidence of members out of his relatability capacity and quotient 

“An effective Speaker must be able to ride on provable ability that every member  and stakeholders will find comfort  and accommodation in him, by reputation. 

“I am called Mr.Relatable because this is what my life embodies and it did not start with the aspiration to be Speaker,” he said. 

Bago was quoted to have said that the demand for equity is at the “nucleus of my aspiration before my nature as a very relatable personality or my capacity and competence,  and so demanding  for equitable treatment is not about indulging or being gratuitous to the North Central, rather its fact based and well earned, not frivolous; from the facts that the North Central zone gave our party the third highest votes at the 2019 Presidential election, to the zone never had a speaker of house of Representatives in 20years since 1999! 

“These are facts! Of course in the mix is the need for a youth inclusion at that level of our political administration; these are claims that are real making my aspiration legitimate, fair and just…”

He said further that “I just watched the Seun Okinbaloye’s Politics Today and saw how the North Central geopolitical zone asking for equity was dismissively and condescendingly referred to by my colleague Hon. Abdulmumini, when he said there are other positions “within” the house leadership that the North Central can be “given”, affirming that south west zone(lagos) that gave our party 2million votes and has Vice President of Nigeria by entitlement should also get the Speaker House of Representatives while Northcentral geopolitical zone that gave APC/President Buhari 2.4million votes should settle for Chief whip?Or Deputy Whip..etc! My heart bleeds…”

He maintained that a zone that in 20 years had never produced Speaker or Deputy inspite of huge support for APC…where is equity, justice, fairness that the Nigerian constitution  and that of APC prescribed. 

“A case of a father of six openly showing favouritism to a child out of  the six, in a six bedroom  house is giving two rooms to the favourite child and asking four others to take the remaining four rooms and sending one child to go and stay in the boy’s quarters, even when he has been a good child… hmmm…May God bless Nigeria…” he said. 

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FG: We’ve not found a formula to end fuel subsidy

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The federal government says it is yet to devise a workable formula for the removal of fuel subsidy.

Speaking at the federal executive council meeting, Zainab Ahmed, minister of finance, said removal of subsidy would have negative effect on vulnerable Nigerians.

Christine Lagarde, managing director of the International Monetary Fund (IMF), had advised Nigeria and other countries to remove fuel subsidy, saying the money spent on subsidy can be redirected to health and education.

Four days after making the suggestion, Ibe Kachikwu, minister of state for petroleum resources, said the landing cost of petrol is now N180 per litre, with the federal government spending N1.86bn on subsidy daily.

Ahmed explained that while the country appreciates the advice of the IMF, what works for others may not be operable within Nigeria’s context, describing the country as unique.

She said the government is still considering various options and until a decision is reached, no action will be taken.

“In some countries, they provided buses to transport people, in some countries they provide subsidies in a manner that the people that are directly requiring the subsidies,” Ahmed said.

“We have not found a way to do it. What we are doing now, the subsidy, it is everybody that it benefiting, whereas it is the people who are really vulnerable that need subsidy.

“So, in the executive with the support of the legislature, we have to find a formula that will work for Nigeria. And until we do that, we should not be contemplating removing the subsidy because, indeed when we do, there will be people that will suffer. So, we are not yet there.

“We discussed this periodically under the Economic Management Team but we still haven’t found a formula that works for Nigeria. And you know that Nigeria is unique. What works for Ghana might not work here.

“So, it’s still work in progress for and there is no intention to remove fuel subsidy at this time.”

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Gov. Yahya Bello Declares For Second Term, Gives Reasons

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Gov. Yahaya Bello of Kogi, on Wednesday, officially declared his intention to seek reelection for a second term on the platform of the All Progressives Congress (APC).

Bello made the declaration while inaugurating the board of the State House of Assembly Service Commission at Banquet hall Government House, Lokoja.

The Independent National Electoral Commission (INEC) has slated the governorship election in the state for Nov. 2.

The governor said his declaration came after consultations with the leadership of his party both at the national and state levels and pressure from the people of the state on him to seek re-election.

He added that his decision is premised on the official release of the State’s Election time table by INEC.

“I would like to inform the good people of the state, the APC family and supporters from the state, the Local Government Areas (LGAs) down to the wards and polling units, as well as various stakeholders, opinion molders, families and friends of my interest to run for a second term in office as the Executive Governor of the state.

”I have sought the blessing of the Almighty God and our good people; I will have to contest for the second term so that we can build on our modest achievements so far in the state by taking it to the next level,” Bello said.

He urged members of the board to always let the interest of the state be paramount in their mind, and shun any form of tribal or religious sentiment.

He further enjoined them to serve well with all their capacity and ensure they cooperate with the members of the state House of Assembly.

Mr Matthew Kolawole, the Speaker, commended the governor for his magnanimity to have signed the bill and for inaugurating the board.

”All of us in the House of Assembly are happy with the inauguration of the board of the commission, because it marks the beginning of our financial autonomy,” Matthew said.

He expressed happiness over the governor’s declaration for second term bid, saying they had been expecting it.

“Our prime objective right now is to see him returning on Nov. 2, as the 5th executive governor of the state, and it shall come to past,” he said.

Mr Andas Momoh-Jimoh, the Chairman of the Commission, commended the governor for the opportunity given to them to serve.

”I believed in oneness and unity of the state and I am going to carry out this assignment without any bias, fear, favor or any religious or tribal sentiment,” he said.

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