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A former President, Chief Olusegun Obasanjo, has denied speculations that he will soon return to the Peoples Democratic Party, PDP.

He gave this reaction when he met with the  National Caretaker Chairman of the party, Senator Ahmed Makarfi, behind-closed-doors.

The meeting was held at the Olusegun Obasanjo Presidential Library, Abeokuta, which lasted for one hour.

There are insinuations that the PDP is plotting to lure the former president back to the party with several consultations ongoing.

But in his reaction, Obasanjo said, “I will never return to the PDP, just like a dog would never return to its vomit.”

Following the disappearance of the leader of the Indigenous People of Biafra (IPOB), Nnamdi Kanu, Justice Binta Nyako of the Federal High Court in Abuja on Tuesday delivered a shocking judgment on Senator Eyninnaya Abaribe, representing Abia South Senatorial District and two others standing as sureties for him.

TM News gathered that Kanu was granted bail by the judge in April 24, 2017 and was billed to appear before the same court today, October 17 but was absent.

Kanu’s lawyer, Ifeanyi Ejiofor, told the judge that Kanu had been missing after soldiers allegedly invaded his home‎ on September 14, adding that the Nigerian Army was in the best position to produce the defendant.

A lawyer, Mr. Ogechi Ogunna, who appeared for Abaribe, informed the judge ‎that his client had filed a motion seeking to be discharged as Kanu’s surety.

The two other sureties, Immanuel Shalum Okabenmabu and Tochukwu Uchendu, were absent from court and not represented by any lawyer on Tuesday.

But Justice Nyako said Abaribe’s motion could not be heard until Kanu was produced in court.

The judge gave the senator three options.

One of the options was for Abaribe to produce the defendant in court and then apply to be discharged as a surety.

The other option the judge gave was for Abaribe to be ready to forfeit his N100m bail bond.

The third option ‎was for Abaribe to request to be given time to produce the defendant in court.

But Ogunna replied saying, “he (Abaribe) is not in a position to do any of these.”

However, the judge insisted that Abaribe must opt for one of the three options.

With the judge’s insistence, Ogunna opted to be given time to produce him.

The two other sureties were not represented in court on Tuesday.

Earlier, prosecuting counsel, Mr. Shuaibu Labaran, noting that Kanu was not present in court, urged the judge to revoke defendant’s bail, order for his arrest, and direct the defendants’ three sureties “to show cause why the bail bond of N100m entered into by each shall not be forfeited or they be committed to prison.”

Tuesday, 17 October 2017 00:00

2018 W/C: Super Eagles To Play England

The Super Eagles of Nigeria is likely to get a test game against the England national team after securing its qualification to the 2018 Russia World Cup.

This is as the English FA has reportedly approached the Nigeria Football Federation, NFF.

According to FCNAIJA, the English FA contacted their Nigerian counterpart immediately the country defeated Zambia to qualify for their sixth tournament.

“We received a mail from the FA asking for the friendly with the Eagles but it will only be confirmed after the draws,” FC Naija quoted a senior official of the Glass House.

“If we are in the same group it means we cannot play against England.”

Should the international friendly eventually take place, it will be only the third meeting between both nations.

Emerging report indicates a possible return of the former President Olusegun Obasanjo to the Peoples Democratic Party, PDP.

TM News recall that Obasanjo publicly dumped the party by tearing his official membership card in the build-up of the 2015 general elections.

However, having set up a reconciliation committee, the national leaders of the PDP have been making move to have the former President return back to the party under which he won the 1999 and 2003 election.

The latest report says the National Caretaker Chairman of the PDP, Ahmed Makarfi met with Obasanjo in a closed-door meeting.

The meeting is said to be holding in Abeokuta, the Ogun State capital.

The parley whose agenda is unknown is taking place at the Green Legacy Hotel and Resort, Olusegun Obasanjo Presidential Library, OOPL, Abeokuta.

Neither Obasanjo nor Makarfi is yet to make any statement as to the reason and outcome of the meeting as at press time.

The Leader of the Indigenous People of Biafra, IPOB, Nnamdi Kanu, is expected to return to court today for the continuation of his trial.

Recall that Kanu was granted bail by Justice Binta Murtala Nyako's Federal High Court Abuja.

He was granted bail by the court on the ground of ill health with some conditions that were seen by some as being stringent.

As hearing on the suit continues today, there are concerns that with Kanu’s whereabouts unknown, his sureties, Eyinnaya Abaribe, Chairman, Senate’s South East Caucus; a Jewish priest, Immanuu-El Shalom and an accountant and Abuja resident, Tochukwu Uchendu stand the risks of taking the place of the defendant according to the statute or forfeit to the FG the amount of the bail bond signed on behalf of the defendant.

As part of the conditions for his bail, Kanu was ordered to produce three sureties including a highly respected Jewish leader, a highly placed Igbo person who resides and owns properties in Abuja.

Each surety according to the judge must deposit the sum of N100million.

Kanu was also ordered not to attend any rally or grant an interview and must not be in a crowd exceeding 10 persons among other conditions.

The court also ordered him to surrender his Nigerian and British passports and must be available for trial at all times.

Tuesday, 17 October 2017 00:00

TRENDING: Monkeypox Victim Commits Suicide

A victim of Monkeypox, quarantined in the Niger Delta University Hospital (UNDTH), Okolobiri has reportedly committed suicide n the early hours of Monday.

The Bayelsa State government confirmed the development in a press conference involving the Commissioners of Information and Orientation, Daniel Iworiso-Markson; Health, Prof. Ebitimitula Etebu, the Chief Medical Director, NDUTH, Prof. Dimie Ogoina and other senior health officials.

Etebu disclosed that the deceased was among the 21 suspected cases of ‘MonkeyPox’ that were being managed at the Niger Delta University Teaching Hospital (NDUTH).
He expressed regret that the patient took his own life despite speedily recovering from the disease.


He said the deceased medical history did not suggest any mental illness or features of depression and maintained that the patient did not die from the Monkeypox disease.

Etebu said that the police and his family had been duly contacted and all due diligence was being followed for his funeral.

Champions of the 2016/2017 Nigerian Female Football League, Nasarawa Amazons have been compensated by the State government with an upgrade in their salaries.

The team, which arrived in Lafia from Benin yesterday, was treated to a lavish reception by the Nasarawa State government in Lafia.

The team emerged winner after going unbeaten in the Super 4 tournament held in Benin and defeating Delta Queens by 1-0 in the final game.

Speaking at the reception held at Lafia Stadium, the Commissioner for Youth and Sports Development, Bamaiyi Anangba congratulated the players and officials for the victory, assuring them of continued government support.

He promised that government would reward them for the hard work while assuring that those not on salary would be fully engaged.

Also speaking at the reception, Alhaji Audu Nuhu, who is the Chairman of the club, applauded the team for the wonderful performance, especially the team spirit exhibited by the players during the tournament.

Meanwhile, NWPL Chairman, Aisha Falode has revealed that all monies promised teams, including those that took part in the exhibition game, have been redeemed.

Falode said apart from the N500,000 cash that was given to the four participating teams in the Super Four, namely Rivers Angels, Delta Queens, Bayelsa Queens and Nasarawa Amazons, prize monies for the top three teams have also been remitted.

“You know the Edo State Governor, Godwin Obaseki, through his Deputy, Comrade Philip Shaibu gave all the four participating teams cash right at the stadium after the final and the two teams that played the exhibition game, Edo Queens and Robo Queens, also got N250, 000 cash same day,” Falode said.

Tuesday, 17 October 2017 00:00

Borrowings: World Bank Blasts Adeosun

The World Bank has blasted the Minister of Finance, Kemi Adeosun, for insisting that the Federal Government must borrow more in order to develop the nation’s infrastructure and stimulate the economy.

Speaking through its Senior Economist, Gloria Joseph-Raji, on Monday in Abuja, the World Bank said the cost of borrowing or paying interest on Nigeria’s debt was not sustainable as revenues to make such payment had dried up.

Recall that Adeosun, on Sunday at a press briefing rounding off the World Bank/International Monetary Fund annual meeting in Washington DC, United States, said that Nigerians would have to tolerate more borrowings in the short term for the government to deliver critical infrastructure.

In her reaction, Joseph-Raji noted the poor revenue would have her claim untrue.

She said in 2015, the country’s debt to revenue ratio stood at 35 percent but rose to 60 percent by 2016, reflecting a reduction in government revenues and rising debt profile, thereby raising a question about the debt sustainability.

Joseph-Raji said, “Nigeria has a decent debt-to-GDP ratio, currently about 19 percent. It is the debt to revenue ratio that is of concern and that rate is a sustainable issue. That is of concern to us and that is also of concern to the government.

"The government is aware that the debt is looking more unsustainable from the point of debt service to revenue ratio. The estimate we had for last year at the federal level was about 60 percent. That is coming from about 35 percent in 2015.

“That reflects the substantially lower revenues that Nigeria recorded last year. Even among the state governments; we know that a lot of state governments are servicing a lot of debts from their federation account allocation. So, there is really going to be a sustainable issue emerging.”

The World Bank expert said she was concerned about the sustainability of the country’s debt, especially the huge domestic borrowing with high-interest rate, which prompted the Debt Management Office to come up with a strategy to rebalance the country’s debt portfolio.

She said, “The DMO released the Debt Management Strategy 2016 to 2019 last year.
"The strategy was to rebalance the debt portfolio from more of domestic now to more of foreign. That is because of the debt servicing cost.

“Before now we had a debt portfolio of about 80 percent domestic to 20 percent external. We know that the debt servicing cost of domestic debt is really high. Treasury bill is an average of 18 percent; the FGN bonds, from 16 percent.

"The government is trying to rebalance its portfolio with foreign debt, which has much lower interest rate than domestic debt. That is why this year you have seen them go for Eurobonds, with a total of $1.5bn in the first quarter of the year. They also did Diaspora bond of $300m. If you look at the yield on those bonds, they are much less than 10 percent.

“The government is aware that there is a sustainable issue and that is what they are trying to correct by taking more foreign debt.”

Joseph-Raji said in the light of expenditure exceeding revenue, the government should borrow, but it should borrow in a manner that was sustainable.

Also speaking, the Head of Abuja office of Social Action, a Non-Governmental Organisation active in debt relief advocacy, Vivian Bellonwu-Okafor, said the government needed to think about better ways of managing the economy.

She said borrowing $3bn from abroad to refinance local debts was replacing one evil with another evil.

Bellonwu-Okafor said foreign borrowing would invariably lead to annual debt servicing in hard currency to foreign lenders.

She said, “The $3bn debt refinancing arrangement, as proposed by the Federal Government, does not solve the country’s rising debt problem; it merely trades one evil for another.

“Borrowing longer-term foreign loans to pay off maturing short-term domestic debt, instead of taking actual steps to gradually reduce and exit debt overhang, is a demonstration of poor economic management.

“Several developing countries have adopted far-reaching domestic strategies to mitigate the effects of international market shocks and global financial crisis.

“While countries like Malaysia are increasing internal investments to develop their economies and make them as independent and vibrant as possible, rather than shrink deeper into global financial waters, Nigeria seems to be doing quite the opposite; preparing frameworks and opportunities for more foreign exchange and capital flight from the country in annual debt servicing.”

For three days now, three whole days, a grave moral tragedy has been taking place in Miango town located in Bassa local govt area of Plateau state

The govt-protected Fulani terrorists have been killing defenceless men, women and children in Miango town for three days now with nothing but criminal silence from Asorock. And why not? The marauding herdsmen are Mr President's kinsmen who can kill and maim with both impunity and immunity.

Soldiers from 3rd Armoured Division, one of the largest military barracks, located IN THE SAME LOCAL GOVT, went to the community but not to protect the victims or arrest the killer herdsmen. Not at all. They went there and dispossessed the victims of the hunting guns and matchets they've been using for self defence. And this same soldiers still REFUSED to protect them.

But,

This is not the moral tragedy I speak of because the truth which we all know but which we are unwilling to admit is that Nigerian Soldiers and the herdsmen are like co-joined twins. The army even have a special Anti-Cattle Rustling unit to protect cattle from thieves. In Southern Kaduna, soldiers were enforcing a curfew on the 24th night and early morning of 25th, 2016, when Herdsmen attacked people of Jema'a local govt. Please, ask people from there.

Reacting to the unending Miango attack, the Plateau state police commissioner, Undie Adie, made what I consider the most idiotic statement to ever secede from the buccal cavity of a security expert anywhere in the world.

Hear him:

"There was a curfew but unfortunately, the attackers didn't adhere to it"

Please search Channels T.V. last night analysis of the Miango killing. But this is still not the moral tragedy I am on about. The heads of the entire security agencies in Nigeria are more committed to protecting the killer herdsmen. Is this even debatable?

And certainly, the moral tragedy I speak of is not that a President we are paying to protect our lives and properties is playing deaf, dumb and blind to the ethnic cleansing in Miango. Mr Buhari is an unrepentant fulani supremacist. Expecting him to condemn the murderous activities of his brethren is as funny as expecting the mother hawk to condemn her young ones for feeding on chicks.

The moral tragedy I speak of is the criminal silence from all of us with regards to the systematic genocide taking place in Plateau state.

When we come to the stage where we codedly justify evil or play indifferent to same, then we are doomed as a people.

To the President and C-In-C, SHAME on you for playing the spectator while your kinsmen are gifting innocent women and children with death in Miango.

To the Nigerian army, SHAME on you for prioritising cow over humans. Your Python can no longer dance against the marauding herdsmen. Your complicity in all of these is not up for debate.

To Channels T.V., SHAME on you for describing a clear case of ethnic cleansing as "communal clash"

Those of you thinking this is a Miango problem, you will do well to remember Agatu, Southern Kaduna, Nimbo etc.

We have a common enemy here and they are the marauding herdsmen with the security agency and President protecting them.

We the people remain the victims.

The earlier we realize this, the better for all of us.

 

The Indigenous People of Biafra has stated that it could be forced into taking of arms if their leader, Nnamdi Kanu is not produced in court on Tuesday by the Federal Government.

The group threatened to make Nigeria ungovernable if the federal government failed to produce Kanu in court, dead or alive to continue his trial.

Recall that Kanu was granted bail in May under a stringent condition, with the order to return to court to face his trial before Justice Binta Nyako.

The group in a press release signed by its Publicity Secretary, Mr Emma Powerful and made available to DAILY POST in Awka, stated that it was gradually losing patience with the leader’s absence who has been missing together with his parents since the Nigerian Army invaded his home on 14th September.

IPOB also condemned the continued denial of the military that Kanu was not with it, citing a recent interview by the Nigerian Defence Minister, General Mansur Dan Ali on Channels Television in which he confirmed that Nigerian Army went in search of Mazi Nnamdi Kanu in his home.

“The barefaced lies of the Nigerian Defence Minister General Mansur Dan Ali and that of the Buhari regime against our leader and organisation is beginning to unravel before the eyes of the world.

"By admitting publicly that soldiers were sent to Isiama Afaraukwu to look for our leader without any order or warrant from a court of law confirms the contempt in which Nigerian government holds the rule of law and their judicial process.

“It is, therefore, incumbent upon civilised nations of the world and organisations alike to ask the APC led Nigerian government why they decided to send armed soldiers to invade Kanu’s residence.”

The group spoke further that, “It is therefore reasonably expected to conclude that the army is also lying about not having our leader, Mazi Nnamdi Kanu in their custody.

“Is the world waiting for Biafrans to pick up arms to demand the release of the body of their leader before they know IPOB is serious about ascertaining what the Nigerian government did with him?”

It said the struggle for Biafra independence had gone far beyond violence and way beyond the capacity of Nigeria to deal with, and that the dimension its struggle will take going forward depends on what fate Nigeria visited or intend to visit on its leader.

“One outcome is guaranteed in all this, should Nigeria not produce our leader in court on the 17th of October 2017, there will be an inevitable confrontation on a scale the human mind cannot imagine, at a time and place of our choosing.

"By nature, we are peace loving people, Nigeria should stop provoking us into armed conflict. They should bring our leader to court.”

 

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