JONATHAN INCURS N5 TRILLION DEBT IN 5 YEARS
The 13 million Nigerians said to have voted for Dr. Goodluck Jonathan to remain President for another four years may have voted out of ignorance. In the over five years that President Goodluck Jonathan presided over the affairs of the country, his government borrowed N5.04trillion from the domestic debt market. Records at the Debt Management Office showed that the domestic debt of the Federal Government stood at N3,466,360,000,000 (N3.47tn) as of March 31, 2010. The latest debt statistics from the DMO as of March 31, 2015 showed that the domestic debt had risen to N8,507,545,474,000 (N8.51tn). This means that in the last five years, the Federal Government had borrowed N5.04tn from domestic lenders. It also means that within the period, the domestic debt of the Federal Government grew by 157.48 per cent.
TONY BLAIR TO SPEAK AT APC POLICY UNVEILING
The All Progressives Congress is set to hold a two-day forum to unveil the policy plan of the incoming Muhammadu Buhari administration. (By the way, ‘General’ has been officially removed from Buhari’s nomenclature). According to a statement by the party, a former British Prime Minister, Mr. Tony Blair, will be the keynote speaker at the dialogue where input for the actualisation of the policies of the incoming administration would be made by experts drawn from different fields and members of the public. The policy dialogue themed, “Implementing Change: From Vision to Reality,” and organised by the Policy, Research and Strategy Directorate of the APC Presidential Campaign Council would hold in Abuja on Wednesday and Thursday.
PENGASSAN, NUPENG ON STRIKE OVER OIL RIGHTS
The Petroleum and Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, branch of the Nigerian Petroleum Development Corporation, NPDC, yesterday shut down exploration activities in the country over the failure to reverse the alleged transfer of the operatorship of Oil Mining Lease, OML 42. The unions had given a notice, which expired on Friday, urging the Federal Government to reverse the transfer of operatorship of the Joint Venture, JV, partnership in OMLs 40 and 42 to Neconde Energy Nigeria Limited and Elcrest Exploration and Production Limited.
IN EKITI, FAYOSE GETS 5-DAY KIDNAP ULTIMATUM
Do varsity dons think Governor Ayodele Fayose hangs out with kidnappers or why deal him this blow? ASUU, Ekiti State University chapter, on Monday, protested the kidnap of some of its members just as the IGP Solomon Arase promised to dispatch a rapid response squad to check kidnappings in the state. But the protesting EKSU teachers, who gave a five-day ultimatum to the state government to secure the release of their colleagues from the kidnappers’ den, vowed to go on an indefinite strike if their call was not heeded. They said that five of their colleagues were kidnapped at various locations in the state within two weeks out of which two had been freed to go and look for N210 million ransom for the release of the others. Femi Omisore (OAU), Folasade Alade (EKSU) and Kikelomo Adegun are those still in the kidnappers’ den.
HOW 197 DRUG CONVICTS ESCAPE FROM JAIL – NDLEA
Chairman/Chief Executive of the National Drug Law Enforcement Agency, NDLEA, Ahmadu Giade, disclosed yesterday that a cartel comprising some court clerks and prison warders aided 197 convicted drug traffickers to evade serving their sentences”. The NDLEA boss who disclosed this while supervising the destruction of illicit drugs valued at N3.5 billion at Ibereko area of Badagry Lagos revealed how the convicted drug traffickers manipulated their way out of lawful custody. Giade, who accused prison officials and court clerks of criminally aiding the release of notorious drug traffickers added men of NDLEA uncovered this plot when a drug convict who ought to be in prison was re-arrested while attempting to smuggle drugs at the Kano airport. According to him, “a cartel that aided 197 convicted drug traffickers to evade serving their sentences was detected by my men.
EFCC ARRAIGNS TIMIPRE SYLVA FOR N2.45B FRAUD
EFCC on Monday re-arraigned a former governor of Bayelsa State, Mr. Timipre Sylva, before a Federal High Court in Abuja for fraud involving about N2.45bn. The accused allegedly committed the offence between October 2009 and February 2010 as governor of Bayelsa State. Sylva had earlier pleaded not guilty to Monday’s six counts when he was first arraigned for the offences before Justice Adamu Bello (rtd) on June 5, 2012. The matter had to start afresh following the retirement of Justice Bello, a development which prompted Sylva’s re-arraignment before Justice Chukwu on Monday. The prosecuting counsel is Festus Keyamo.
COURT ORDERS GTBANK TO REFUND N5.3B TO TED EDWARDS
A High Court in Abuja, on Monday ordered Guaranty Trust Bank Plc to refund N5.3bn illegally withdrawn from the account of one its customers, Dr. Ted Edwards. Justice Valentine Ashi, in his judgment, ordered that the N5.3bn should attract 10 per cent interest from Monday, when judgment was delivered, till the time the money was paid back to the owner, plus another 21 per cent interest from December 12, 2014 when GTB allowed the illegal withdrawal, until the fund was eventually paid back to Edwards as “settlement” funds for services rendered to 774 local governments. Don’t you just feel like being in Edwards shoes, and wig and gown right now?
TEACHER, 35, RAPES FEMALE STUDENT, 12
National Security and Civil Defence Corps, has arrested a 35-year-old teacher at Dan Zomo in Sule-Tankarkar Local Government Area of Jigawa State for allegedly raping a 12-year-old female student. Jigawa State commandant of NSCDC, Dr. Mohammed Gidado, who confirmed the arrest, said the corps’ investigation had proven the accused guilty. He said that the girl also confirmed during investigation that the teacher had ‘defiled’ her several times before the last one, which was inside the toilet of his office. The accused, who is married with children, also admitted committing the crime and pleaded for mercy, saying it was the handiwork of the devil. It must be beyond Gidado and NSCDC now. The teacher must be arraigned in court along with his defendant, the devil. Nonsense excuse!
Have a pleasant Tuesday, May 19, 2015 and enjoy our other news and views of today – HAMILTONSTYLE.
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