Tag: Goodluck Jonathan

  • Nigeria’s union non-negotiable, Jonathan insists

    President Goodluck Jonathan has  insisted that the unity of Nigeria is non-negotiable.

    Many Nigerians had kicked against the no-go area preventing  discussions on the divisibility of Nigeria in the forthcoming National Conference.

    In a twenty minutes National Broadcast on the Centenary celebration, Jonathan Wednesday  said that the national dialogue should strengthen Nigeria’s union.

    He also promised that all will be done by his administration to eradicate terrorism in the country.

     Jonathan said: “Even as we remain resolute in our conviction that our union is non-negotiable, we must never be afraid to embrace dialogue and strengthen the basis of this most cherished union. A strong nation is not that which shies away from those difficult questions of its existence, but that which confronts such questions, and together provides answers to them in a way that guarantees fairness, justice and equity for all stakeholders.

    “My call for the National Conference in this first year of our second century is to provide the platform to confront our challenges. I am confident that we shall rise from this conference with renewed courage and confidence to march through the next century and beyond, to overcome all obstacles on the path to the fulfillment of our globally acknowledged potential for greatness.”

    Stressing that nation-building is not only for great leaders and elites, he said:  “All Nigerians must be involved in this national endeavour. From the threads of our regional, ethnic and religious diversities we must continuously weave a vibrant collage of values that strengthen the Nigerian spirit.

    “The coming National Conference should not be about a few, privileged persons dictating the terms of debate but an opportunity for all Nigerians to take part in a comprehensive dialogue to further strengthen our union.

    He hoped that the conference will not result in parochial bargaining between competing regions, ethnic, religious and other interest groups but an objective dialogue for the way forward of Nigeria boost harmonious balance among the three tiers of government.

    On terrorism he said: “My dear compatriots, as we celebrate our centenary, the security situation in some of our North-Eastern States, sadly remains a major concern for us. Just yesterday, young students, full of hopes and dreams for a great future, were callously murdered as they slept in their college dormitories in Yobe State. I am deeply saddened by their deaths and that of other Nigerians at the hands of terrorists. Our hearts go out to their parents and relatives, colleagues and school authorities.

    “We will continue to do everything possible to permanently eradicate the scourge of terrorism and insurgency from our country.  We recognise that the root cause of militancy, terrorism and insurgency is not the strength of extremist ideas but corrupted values and ignorance.

    “That is why our counter-terrorism strategy is not just about enforcing law and order as we have equipped our security forces to do. It also involves expanding economic opportunities, social inclusion, education and other measures that will help restore normalcy not just in the short term, but permanently.

    “I want to reassure Nigerians that terrorism, strife and insecurity in any part of Nigeria are abhorrent and unacceptable to us. I urge leaders throughout Nigeria to ensure that ethnicity and religion are not allowed to become political issues.

    “I hope and pray that one hundred years from now, Nigerians will look back on another century of achievements during which our union was strengthened, our independence was enhanced, our democracy was entrenched and our example was followed by leaders of other nations whose ambition is to emulate the success of Nigeria; a country that met its difficulties head-on and fulfilled its promise.”

  • Our amalgamation was not a mistake – Jonathan

    Our amalgamation was not a mistake – Jonathan

     Full text of speech by President Goodluck Jonathan on the occasion of Nigeria’s centenary celebrations on Wednesday, February 26, 2014

    1.            I extend warm greetings and felicitations to all Nigerians as we celebrate our nation’s centenary; a significant milestone in our journey to Nationhood.

    2.            One hundred years ago, on the 1st of January 1914, the British Colonial authorities amalgamated the Southern and Northern Protectorates, giving birth to the single geo-political entity called Nigeria which has become our home, our hope, and our heritage.

    3.            I have often expressed the conviction that our amalgamation was not a mistake. While our union may have been inspired by considerations external to our people; I have no doubt that we are destined by God Almighty to live together as one big nation, united in diversity.

    4.         I consider myself specially privileged to lead our country into its second century of existence. And as I speak with you today, I feel the full weight of our hundred-year history. But what I feel most is not frustration, it is not disillusionment. What I feel is great pride and great hope for a country that is bound to overcome the transient pains of the moment and eventually take its rightful place among the greatest nations on earth.

     

    5.         Like every country of the world, we have had our troubles. And we still do. We have fought a civil war. We have seen civil authorities overthrown by the military. We have suffered sectarian violence. And as I speak, a part of our country is still suffering from the brutal assault of terrorists and insurgents.

     

    6.            While the occasion of our centenary undoubtedly calls for celebration, it is also a moment to pause and reflect on our journey of the past one hundred years, to take stock of our past and consider the best way forward for our nation.

     

    7.         Even as we celebrate our centenary, we must realise that in the context of history, our nation is still in its infancy.

     

    8.         We are a nation of the future, not of the past and while we may have travelled for a century, we are not yet at our destination of greatness.

     

    9.         The amalgamation of 1914 was only the first step in our national journey. Unification was followed by independence and democracy which have unleashed the enormous potentials of our people and laid the foundation for our nation’s greatness.

     

    10.    In challenging times, it is easy to become pessimistic and cynical. But hope, when grounded in realism, enables and inspires progress. Therefore, as we celebrate our first century of nationhood and enter a second, we must not lose sight of all that we have achieved since 1914 in terms of nation-building, development and progress.

     

    11.    Today, we salute once again the great heroes of our nation – Herbert Macaulay, Ernest Ikoli, Dr. Nnamdi Azikiwe, Sir Ahmadu Bello, Sir Abubakar Tafawa Balewa, Chief Obafemi Awolowo, Alvan Ikoku, Chief Harold Dappa-Biriye, Dr. Michael Okpara, Chief Anthony Enahoro, Mallam Aminu Kano, Mokwugo Okoye and Chief Michael Imoudu among others.

     

    12.    We must be inspired by our past to overcome the obstacles we face in the present and honour our forebears by realising the promise of a Nigeria that is not only independent but also truly unified, prosperous and admired the world over.

     

    13.    The history of Nigeria since independence is the story of a struggle to fulfill our great promise. The discovery of oil in our country in the late 1950s offered new hope of prosperity but we have not always been able to reap the benefits in a fair and equitable way.

     

    14.    The situation was not helped by political instability and the frequent suspension of democracy by military coups. During the civil war, the very existence of our country was cast into doubt but through it all, the promise of a Nigeria that is united, free and strong remained in our people’s hearts.

     

    15.    Thanks to the efforts of our statesmen and women, and millions of ordinary Nigerians, the union endured and flourished.  I would like to specifically commend members of the Armed Forces for their contributions and sacrifices to keep Nigeria one.

     

    16.    General Yakubu Gowon had the wisdom and grace to declare that the civil war had seen “no victor, no vanquished” and welcomed, “the dawn of national reconciliation”.

     

    17.    It was in this spirit that General Olusegun Obasanjo collected the instruments of surrender at the end of the war and later became the first military ruler in our country to hand over power voluntarily to a democratic government.

     

    18.    While the Second Republic did not last, his fine example was later followed by General Abdulsalam Abubakar who paved the way for our current democratic dispensation which has lasted longer than the previous three put together.

    19.    As we celebrate our centenary, I believe that it is vital that we focus our thoughts on the vast potentials of a unified and progressive Nigeria; and build on the relative stability of the Fourth Republic to achieve accelerated national socio-economic development.

     

    20.    I also believe that the future greatness of our country is assured by the favourable tail winds of a resilient population, ecological diversity, rich natural resources and a national consciousness that rises above our differences.

     

    21.    We are a unique country. We have been brought together in a union like no other by providence. Our nation has evolved from three regions to thirty six states and a Federal Capital Territory.

     

    22.    We have transited from the Parliamentary to a Presidential system of government. We have moved our capital from the coastal city of Lagos to Abuja, at the centre of our country.

     

    23.    Today Abuja stands as a monument to our national aspiration for greater unity; it symbolises our dream of a modern nation unhinged from primordial cleavages and designed as a melting pot of our diversity.

     

    24.    If in our first century, we could build a new capital city, we can surely build a newer, stronger, more united and prosperous Nigeria in the next century that will be an authentic African success story.

     

    25.    The whole world awaits this African success story. With our sheer size, population, history, resilience, human and natural resources and economic potentials, Nigeria is divinely ordained to lead the African Renaissance.

     

    26.    That is why I am confident that in the next 100 years, those who will celebrate Nigeria’s second centenary, will do so as a united, prosperous and politically stable nation which is truly the pride and glory of Africa and the entire black race.

    27.    The key to the fulfilment of that vision is our continued unity as a nation. Perhaps one of the most amazing stories of our political evolution in the last hundred years is that an ordinary child of ordinary parentage from a minority group has risen to occupy the highest office in our country.

    28.    As we march into the next hundred years, it is my hope that mine will no longer be an extra-ordinary story but an accepted reality of our democracy that every Nigerian child can pursue his or her dreams no matter how tall; that every Nigerian child can aspire to any position in our country, and will not be judged by the language that he speaks or by how he worships God; not by gender nor by class; but by his abilities and the power of his dreams.

    29.    I am proud and privileged to have been elected leader of Nigeria and I consider it my solemn responsibility to act in the best interest of the nation at all times.

     

    30.    Dear compatriots, in line with the thoughts of that great son of our continent, Nelson Mandela, let us not judge ourselves, and let not the world judge us by how many times we have stumbled, but by how strongly we have risen, every single time that we have faltered.

     

    31.    Even as we remain resolute in our conviction that our union is non-negotiable, we must never be afraid to embrace dialogue and strengthen the basis of this most cherished union. A strong nation is not that which shies away from those difficult questions of its existence, but that which confronts such questions, and together provides answers to them in a way that guarantees fairness, justice and equity for all stakeholders.

     

    32.    My call for the National Conference in this first year of our second century is to provide the platform to confront our challenges. I am confident that we shall rise from this conference with renewed courage and confidence to march through the next century and beyond, to overcome all obstacles on the path to the fulfilment of our globally acknowledged potential for greatness.

     

    33.    I have referred to national leaders who did so much to build our nation in the past hundred years but nation-building is not just a matter for great leaders and elites alone.

    34.    All Nigerians must be involved in this national endeavour. From the threads of our regional, ethnic and religious diversities we must continuously weave a vibrant collage of values that strengthen the Nigerian spirit.

     

    35.    The coming National Conference should not be about a few, privileged persons dictating the terms of debate but an opportunity for all Nigerians to take part in a comprehensive dialogue to further strengthen our union.

    36.    I am hopeful that the conference will not result in parochial bargaining between competing regions, ethnic, religious and other interest groups but in an objective dialogue about the way forward for our nation and how to ensure a more harmonious balance among our three tiers of government.

    37.    My dear compatriots, as we celebrate our centenary, the security situation in some of our North-Eastern States, sadly remains a major concern for us. Just yesterday, young students, full of hopes and dreams for a great future, were callously murdered as they slept in their college dormitories in Yobe State. I am deeply saddened by their deaths and that of other Nigerians at the hands of terrorists. Our hearts go out to their parents and relatives, colleagues and school authorities.

     

    38.    We will continue to do everything possible to permanently eradicate the scourge of terrorism and insurgency from our country.  We recognise that the root cause of militancy, terrorism and insurgency is not the strength of extremist ideas but corrupted values and ignorance.

     

    39.    That is why our counter-terrorism strategy is not just about enforcing law and order as we have equipped our security forces to do. It also involves expanding economic opportunities, social inclusion, education and other measures that will help restore normalcy not just in the short term, but permanently.

     

    40.    I want to reassure Nigerians that terrorism, strife and insecurity in any part of Nigeria are abhorrent and unacceptable to us. I urge leaders throughout Nigeria to ensure that ethnicity and religion are not allowed to become political issues.

     

    41.    I hope and pray that one hundred years from now, Nigerians will look back on another century of achievements during which our union was strengthened, our independence was enhanced, our democracy was entrenched and our example was followed by leaders of other nations whose ambition is to emulate the success of Nigeria; a country that met its difficulties head-on and fulfilled its promise.

     

    42.    Finally, Dear Compatriots, as we enter a second century in the life of our nation, let us rededicate ourselves to doing more to empower the youth of our country. Our common heritage and future prosperity are best protected and guaranteed by them. We must commit our full energies and resources to empowering them to achieve our collective vision of greatness in this second century of our nationhood.

     

    43.    That is the task before our country; that is the cause I have chosen to champion and I believe we will triumph.

     

  • Sanusi sues Jonathan

    Sanusi sues Jonathan

    •NLC faults suspension

    Suspended Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi has sued President Goodluck Jonathan before a Federal High Court sitting in Abuja, challenging his suspension from office.

    In a suit filed late Monday by some of his lawyers, including Kola Awodein (SAN), Sanusi is urging the court to, among others, restrain the President and two others from giving effect to his purported suspension, pending the determination of his suit.

    Also to be restrained are the Attorney General of the Federation (AGF) and the Inspector General of Police (IGP), sued with the President.

    Sanusi is pleading for an order of interlocutory injunction restraining the defendants from obstructing, disturbing, stopping or preventing him in any manner, from performing the functions of his office and enjoying in full, the statutory powers and privileges attached to the office of the governor of the CBN.

    He said the interlocutory application he filed with the suit was necessitated by the issues raised in the suit.

    Sanusi is of the view that delay could occasion irreparable, serious damage and mischief against him in the exercise of his statutory duties as the CBN Governor.

    He urged the court to grant the prayers contained in his interlocutory application, on the ground that the President’s alleged unlawful interference with the management and administration of the CBN, unless arrested, posed grave danger to the country’s economy.

    He argued that granting his application will encourage parties to maintain the status quo, pending the determination of the substantive case.

    In a supporting affidavit, Sanusi averred that in the course of his duties as the CBN Governor, that he discovered certain discrepancies in respect of amounts repatriated to the federation account from the proceed of crude oil sales between the period of January, 2012 and July, 2013 and that he expressed concern in respect of the said discrepancies and had cause to inform the National Assembly of the said discrepancies because they affect the revenue of the federation and the national economy.

    He stated that the President’s action, in purporting to suspend him from office, is aimed at punishing him for these disclosures.

    Sanusi stated that he is challenging the President’s power to suspend him from office, noting that the President did not approach nor obtain the support of the Senate, based on his discussions with several senators, including Senator Bukola Saraki.

    “I have been informed, and I verily believe the information given to me by Senator Bukola Saraki to be true and correct that the Senate did not give the President any support for my purported suspension and removal from office as the Governor of the Central Bank of Nigeria.”

    Sanusi stated that the President’s actions in suspending him from office. Is contrary to provisions of the Central Bank of Nigeria Act relating to the appointment and removal of the CBN Governor and that his purported suspension amounts to unlawful interference in the administration and management of the apex bank and is illegal, null and void. He urged the court, in the interest of justice, to grant his reliefs.

    The suit is yet to be assigned for hearing.

     

  • Uncertain days ahead for equities, investors

    Uncertain days ahead for equities, investors

    Nigerian equities lost N354 billion in two days of announcement of the suspension of the Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi by President Goodluck Jonathan. Capital Market Editor, Taofik Salako, reports that most pundits still expect further capital flight as investors scramble away from the uncertainties foisted by the unprecedented move

    Nigerian financial markets appear to be in the cold and investors appear to be uncertain of the days ahead. The only time-tested certainty for most pundits and investors is the scramble for safety, quick exit to watch the direction of event. Thursday’s suspension of the Central Bank of Nigeria (CBN) Governor Mallam Sanusi Lamido Sanusi by President Goodluck Jonathan is riveting the financial markets. Investors in Nigerian equities have lost N354 billion between Thursday and Friday as sudden upsurge in sale orders on Thursday tripped the hitherto bullish market situation. Market capitalisation of equities dropped by N167 billion on Friday, in addition to N187 billion lost in immediate reaction as the news of the suspension broke out on Thursday.

    Aggregate market value of all quoted equities dropped to a low of N12.301 trillion as against its opening value of N12.468 trillion. The benchmark index at the Nigerian Stock Exchange (NSE)-the All Share Index (ASI), indicated a daily average decline of 1.34 per cent, bringing the decline since Thursday to 2.81 per cent. The ASI, which tracks the values of all quoted companies on the NSE and as such serves as country index for Nigeria, had declined by 1.47 per cent on Thursday. The ASI closed yesterday at a low index point of 38,295.74 points as against its opening index of 38,816.19 points. As the news of the suspension filtered into the market on Thursday, aggregate market value of all quoted equities dropped by N187 billion from N12.655 trillion to close at N12.468 trillion. The ASI also dwindled to 38,816.19 points as against its opening index of 39,397.09.

    Analysts were unanimous that the downtrend was in reaction to the suspension of the CBN Governor. Aggregate market value of all equities at the NSE had witnessed sustained rally between Monday and Wednesday. It opened the week at N12.427 trillion and built up successively to N12.528 trillion, N12.530 trillion and N12.655 trillion on Monday, Tuesday and Wednesday respectively. The ASI had also sustained steady rally prior to the reversal on Thursday. ASI opened at 38,767.29 points and built up to 38,964.75 points, 38,972.56 points and 39,397.09 points within the first three trading days.

    The Nation’s review at the weekend showed that market considerations of most equities at the Nigerian Stock Exchange (NSE) crashed to their low on Friday. From the banking to manufacturing to downstream oil sectors, most leading equities slipped to their lowest prices this year at the weekend. Most banking stocks fell to their lowest market considerations. Share prices of multinationals, which usually feature largely in portfolios of foreign investors, highlighted the panic among foreign portfolio investors.

    “The uncertainty surrounding policy direction and political risk in the economy brought on by the foregoing (suspension of Sanusi) is likely to spur further capital flight to safer regions or safer asset classes. With foreign portfolio investor’s constituting 50.0 per cent of the Nigerian stock market, any significant amount of capital flight is likely to have weighty consequences on the market. Since this development, the NSE ASI has lost a total of 2.8 per cent, due to selling pressures emanating from foreign and local market players reacting to the news. The true impact of this development is however yet to unravel as the news continues to filter across markets and participants,” Afrinvest (West Africa), a major investment firm, stated at the weekend.

    According to analysts at Afrinvest, the particular significance of foreign portfolio investors in the economy will be revealed in the days ahead as investors scramble to safety. Blue chip stocks with significantly diversified foreign interest will be the most likely culprits of this capital flight.

    Emerging market strategist, Standard Bank, Samir Gadio, said “Sanusi’s suspension is a disruptive move which indicates that the CBN has de facto lost much of its independence.”

    The circumstance of Sanusi’s exit and the issue of independence of the CBN are two issues that are of concern to foreign investors rather than the exit or the politics of his suspension. But many foreign investors appeared concerned about the negative view on the anti-corruption record of President Jonathan. The circumstance of Sanusi’s suspension- after the CBN Governor alleged and made public presentations on missing funds-some $20 billion, from the national oil company, has been the headlines for most global media reports, irrespective of the allegation of financial recklessness leveled against the suspended governor.

    “I believe that most market operators had factored in the fact that Sanusi’s leaving could lead to some adjustments in monetary policies. The issue to investors in the Nigerian market will be the nature of his exit and whether it has undermined CBN independence. Another factor that will be of concern to investors is the economic and policy orientation of the newly nominated CBN Governor and his pedigree as an independent minded person. These two factors – an affront on CBN autonomy and lack of clarity on Mr. Emefiele’s economic policy orientation may be the reasons for financial market instability with possible exit of some foreign portfolio investors, depletion of Nigeria’s foreign reserve, pressure on Naira exchange rate and increase in fixed income yield in the next couple of days and weeks,” Managing Director, Cowry Asset Management Limited, Mr. Johnson Chukwu told The Nation.

    “Foreign investors are likely to sell Nigerian assets more actively in coming days subject to market liquidity constraints. So far Treasury bill and bond quotes are not really being shown by onshore brokers (or the bid-ask spreads are quite wide) which is typical of Nigerian capital markets during periods of pronounced stress. That said, we see yields moving higher in the near term, with the magnitude of the sell-off at the long end potentially being partially mitigated by the bid from domestic pension funds at a later stage,” London-based Gadio said.

    Analysts at Afrinvest expect the ripples to move round the financial markets-from equities to bonds and currency exchanges.

    According to analysts, there is an expectation that the yields on Nigerian sovereign bonds will cross the 15 per cent mark in the near term and also at the March 2014 bonds auction as investors weigh in on the decision of the Federal Government.

    “This development is likely to lead to an increase in the country’s risk premium, thus requiring a re-pricing of yields to incentivise investors. This increase will undoubtedly raise the governments cost of borrowing, exacerbating re-current expenditure (over 65.0% in 2014). The country may also find it tough raising additional funds through Eurobond issuances and may be lured to raise the coupon to compensate for the higher risk perception. Nonetheless, the high yield environment should be attractive to Pension Fund Administrators which are major players in the bond market. This could serve as a buffer in reducing the increased upside pressure on yields over the medium term,” Afrinvest stated.

    Market pundits expect further depreciation in Naira as the CBN battles to calm nervous investors. According to Afrinvest, Naira may depreciate by about 2.0 per cent this week, driven by increased demand for foreign currency by foreign portfolio investors seeking a flight to safety.

    The capital flight could also have a telling effect on Nigeria’s foreign reserves. The Nigerian foreign reserves shrunk by $2.3 billion or 5.3 per cent from $43.6bn in December 31, 2013 to $41.3bn as at February 19, 2014. This was primarily used to defend the Naira, sustaining it within the CBN’s band N155/US$1 +/- 3 per cent against selling pressure triggered by foreign portfolio investments reversals. According to Afrinvest, foreign portfolio investments constitute 48.8 per cent of the total reserves, highlighting the significant impact of a drastic reversal on the country.

    However, analysts at GTI Securities called for caution but expressed optimism that the momentum of the negative reaction might slow down in the days ahead.

    According to analysts, the rampaging sell-off could drop significantly in the days ahead as many stocks have entered oversold position, creating attractive buy opportunities for discerning investors.

     

  • Jonathan’s comments on Borno wrong, says APC

    Jonathan’s comments on Borno wrong, says APC

    The All Progressives Congress (APC) has condemned President Goodluck Jonathan’s statement on Borno State Governor Kashim Shettima during his media chat on Monday night.

    It described it as unwarranted and petty.

    In a statement in Abuja yesterday by its Interim National Publicity Secretary, Alhaji Lai Mohammed, the party said President Jonathan was wrong to have threatened, no matter how subtly, to withdraw from Borno, the troops battling Boko Haram insurgents.

    APC urged him to apologise to Borno indigenes and to Nigerians for the presidential indiscretion.

    It said the threat, which was in response to a statement credited to the governor that the soldiers need to be better equipped and motivated, showed that President Jonathan did not have a good grasp of what was expected of him as the President and Commander-in-Chief of the Armed Forces.

    “Mr. President, your most important duty as President is to ensure the welfare and security of Nigerians, irrespective of the criticisms you may face or whether or not they voted for you. Therefore, you are not doing anyone a favour by performing that duty. It is the role you swore an oath to perform.

    “Even if you feel that the Governor should not have made that statement, it is incumbent on you, as the President and the father of the nation, to take the higher road, instead of choosing a public forum to air your grievances. Wittingly or unwittingly, Mr. President, you have played into the hands of the insurgents, who must by now be gloating at the discordant tunes in government over the battle against them,” APC said.

    Using the President’s exact words to the Governor during his media chat, the party said: “A (President) should be mindful of what they say. Yes there are issues, but no matter how frustrated you are you don’t make this kind of statement.”

    It said based on the anger exhibited by President Jonathan while commenting on Governor Shettima’s statement, the party was justified in its call on the President not to go ahead with his reported plan to remove the Governor and replace him with a military administrator.

    “President Jonathan should know that a leader cannot afford to be taking decisions on the basis of a perceived slight or criticism, because such decisions are most likely to be wrong and counter-productive. He should also use his enormous powers as President for the benefit of the people, not to their disadvantage.

    “By his threat to pull out the troops from Borno for one month, he has further victimised the good people of the state, who have been at the receiving end of the senseless attacks by Boko Haram. A retraction of his threat and an apology to the people will be a good starting point for Mr. President to make amends,” APC said.

     

  • Jonathan condemns killing of pupils in Yobe

    Jonathan condemns killing of pupils in Yobe

    President Goodluck Jonathan yesterday expressed sadness and anguish over the senseless murder of pupils at a college in Yobe State by terrorists.

    In a statement by the Special Adviser on Media and Publicity, Dr. Reuben Abati, the President extended condolences to the parents and relatives of the murdered pupils.

    It reads: “The President wholly condemns the heinous, brutal and mindless killing of the guiltless students by deranged terrorists and fanatics who have clearly lost all human morality and descended to bestiality.

    “He assures the nation that his administration will not relent in its ongoing efforts to end the scourge of terrorism in parts of the country which has sadly claimed more innocent lives today.

    “The Armed Forces of Nigeria and other security agencies will continue to prosecute the war against terror with full vigour, diligence and determination until the dark cloud of mass murder and destruction of lives and property is permanently removed from our horizon.”

     

  • NLC faults Sanusi’s suspension

    NLC faults Sanusi’s suspension

    PRESIDENT Goodluck Jonathan’s defence of Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi’s suspension seems to be unconvincing to its critics.

    To the Nigeria Labour Congress (NLC), Jonathan did not follow due process in suspending Sanusi from office.

    According to the NLC President, Abdulwahed Ibrahim Omar, Sanusi may not have finished his work on the missing fund before going public, but this is not enough justification for his suspension.

    The NLC issued a statement titled: “Sanusi’s removal failed litmus test of due process”, signed by Omar.

    He said: “While we hold Sanusi accountable for not doing his home work properly before going public on an issue as sensitive as this, especially considering the sum involved, we believe the process of his removal is patently flawed and ridicules due process as well as contemptuous of the Act establishing the CBN.”

    Omar added that the suspension was capable of discouraging whistle blowers in government as well as casting a pall on the government’s fight against corruption, neither of which is good for its image.

    The congress also noted that the “government’s action is negatively pre-emptive and malicious, by virtue of the fact that full investigations into the allegations had not been concluded before it removed Sanusi and also the fact that it had sent in to the Senate for confirmation the name of his successor”.

    Omar recalled that the NLC has “watched with concern the exchanges between Sanusi and the Nigeria National Petroleum Corporation (NNPC) on the one hand and Sanusi and the Minister of Finance on the other, which sadly has culminated in the removal of Sanusi by way of a suspension from office.”

    These exchanges, he said, dwelled on allegedly unremitted billions of dollars into the Federation Account.

    Faulting the suspended CBN governor for what he called inconsistency, he said by the time the dust had settled, Sanusi had quoted three figures as the alleged sum not accounted for by NNPC, earning him a quiet rebuke by the Senate, which is investigating the alleged fraud.

    He stated: “In saner climes, Sanusi was expected to have turned in his letter of resignation the next day for getting the figures wrong, for misleading the public and for embarrassing the government, his excuse of poor communication between the relevant institutions in question notwithstanding. The least expected of him was a public apology.

    “We are not sure if he did either of the two until his removal was announced in a typical Nigerian-government style.”

    The President of the congress was surprised that Sanusi and the government could part ways despite his anti-labour stance.

    He recalled that during the anti-fuel subsidy protest in 2012, Sanusi refused to apologise for the exposure of the scam.

    The statement reads in parts: “Sanusi’s sins notwithstanding, government must not only follow the law but must be seen to follow the law. Rather than dissipate energy on Sanusimania, government should focus on irrebuttable cases of corruption and bring the culprits to book. They are legion but we dare mention only the Sure-P missing funds, the BMW bulletproof cars, the Sanusi revelations at NNPC.

    “It is common knowledge that over the years NNPC has not come clean on the issue of remittances to the federation account, a fact responsible for the routine shunning of invitations by the National Assembly.

    “In our view, the most important thing is that government should not lose sight of its fight against corruption, which is the major issue here. Government’s commitment to this scourge should be demonstrable, clear and unambiguous.”

    Goodluck Jonathan

  • Niger Delta activist backs Jonathan on Sanusi

    Niger Delta activist backs Jonathan on Sanusi

    A Niger Delta youth activist, businessman and politician, Chief Ayiri Emami, has backed President Goodluck Jonathan on the suspension of the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi.

    Emami, who is the Akulaga of Warri kingdom in a statement yesterday, said Sanusi ought to have been sacked long ago.

    He described the cashless policy as anti-Niger Delta, adding that he had carried out his responsibilities with arrogance.

    Sanusi said: “The huge fund running into hundreds of billions of naira that were frittered away as donations, grants to religious bodies, payments to moribund airlines, illegal loans write-off and other sundry expenditures made without recourse to the CBN Act and the board were gotten from oil revenue from the Niger Delta region.

    “Mr. Sanusi never deemed it fit to fly one of the numerous private jets to these oil bearing but underdeveloped areas of the Niger Delta region to do an on-the-spot assessment of how the cashless policy would impact negatively on their businesses and lives as it affect payment of salaries to workers and transaction of business in a largely bank-less environment with hundreds of thousands of workers.

    “So, to us in the business hub of the riverine oil bearing area, Sanusi’s cashless policy is definitely cruel and anti-Niger Delta.”

     

  • 2015: PDP’s new  calculation in Imo

    2015: PDP’s new calculation in Imo

    The Peoples Democratic Party (PDP) has held a rally to welcome defectors from the All Progressives Congress (APC) in Owerri, capital of Imo State. Correspondent KINGSLEY NDIDI examines the implications of the defection for the ruling party in the Southeast state.

    The Peoples Democratic Party (PDP) is on the prowl in Imo State. At a rally in Owerri, the state capital, party leaders vowed to reclaim power from the All progressives Congress (APC) governor, Owelle Rochas Okorocha. But, the governor is not sleeping on guard. He said that the PDP chieftains were day dreaming. The rally took place at the Dan Anyiam Stadium. It was attended by President Goodluck Jonathan, Vice President Namadi Sambo, PDP National Chairman Alhaji Adamu Mu’azu, Chairman Board of Trustees (BoT) Chief Tony Anenih, Senate President David Mark, and some governors. .

    The rally was organised to welcome defectors from the APC. The defectors include former Governor Achike Udenwa, Senator Ifeanyi Ararume Imo East), Senator Chris Anyanwu, and Chief Mike Ahamba (SAN).

    President Jonathan urged party members to gird their loins, ahead of the 2015 polls. He said they should learn from the wrangling and discord, which permitted a crack on the wall in 2011.

    The governor of Akwa Ibom State and Chairman of PDP Governors’ Forum, Chief Godswill Akpabio, said that, with the return of the old members, the PDP will reclaim the state.

    He charged the party leaders to to promote unity in the fold. “We are not just here to receive the returnees, but their thousands of supporters and, with what we have seen so far. the PDP has recaptured Imo State. The will of God is that, in 2015, the PDP flag will fly again in Imo government House,” he said.

    The Senate President advised the PDP family to forget the past and forge ahead in the spirit of new understanding. His deputy, Senator Ike Ekweremadu, assured that the party will bounce back next year after the polls.

    Anenih was more optimistic that the PDP will regain power in the state in 2015. He said: “With the return of our great members, the job is already done.”

    Mu’azu, who was impressed by the huge crowd, said: “The

    he journey to recapture Imo has just started and the new leadership of the PDP is committed to reclaiming all the states we have lost as a result of internal problems”.

    He added: “Now, that we have found the answers to our problems and, with the returnees, I want to assure you that Imo State has fallen”.

    The national chairman however, appealed to the aspirants to thread softly. He said: “This is a brand new PDP and only our very best will be fielded during the 2015 election”.

    The Deputy Speaker of the House of Representatives and governorship aspirant, Hon Emeka Ihedioha, said: “Imo is a PDP state and today we have earnestly began the journey to take back the state. We made mistakes in the past, but we are back. We misunderstood ourselves and power slipped off our hands, but today, our brothers who strayed away are back and that is one of the things we need to return to Douglass House”.

    President Jonathan described the rally as a reunion that will strengthen the party. He said: “We are here for unity rally because of our brothers that stepped out, but have stepped back. The PDP is the only stable party in Nigeria and we will continue to play a major role in the country”.

    However, observers contend that the PDP has some some hurdles to cross. Certain elements in the party are not comfortable with the return of the founding fathers. The governorship race is already crowded. No fewer than 10 strong members of the party are struggling for the ticket. They belong to the various caucuses. They cannot be ignored because they are party financiers. They Ihedioha, Senator Hope Uzodinma, Acting Minister of Aviation Prof. Viola Onwuliri, Chief Jerry Chukwueke, former Governor Ikedi Ohakim and Ararume.

    A political analyst, Chief Stanley Egwudia, expressed doubt about the ability of the different factions to agree on a consensus ccandidate. He said: “The storm is brewing in the state chapter of the PDP. The celebrated return of these heavy weights to the PDP will do more harm than good for the party. It will further break the rank of the party. All of them returning to the party have one ambition or the other they could not realize outside the party and they returned with the hope of getting retribution”.

    A clear pointer to this fact was the move by a faction of the party to concede the governorship slot to Ararume as a compensation for the injustice done him in 2007, which made him dump the party after the governorship election.

    Another challenge is that Okorocha has performed creditably to earn the people’s loyalty.

    In Imo State today, the feeling is that the PDP has ruled the state for 12 years without anything to show for it and the electorate are known to be resolute and cannot be easily swayed by political statements or monetary inducement.

  • Security operatives search for Jonathan’s cousin

    Security operatives search for Jonathan’s cousin

    Security operatives in Bayelsa State are searching for 70-year-old Inengite Nitabai, the cousin of President Goodluck Jonathan.

    Nitabai was kidnapped on Sunday by 10 men, who stormed his compound at Otuoke, Ogbia Local Government Area.

    Security agencies had been ordered to find Nitabai, who is said to be the President’s adopted father.

    It was gathered that gunboats of the Joint Task Force (JTF) and the police had been deployed to the creeks of Ogbia and Nembe.

    The Commissioner of Police, Hilary Opara, said the security agencies were making efforts to find the victim.

    Opara was said to have been patrolling Otuoke since the incident occurred. He was sighted in an Armoured Personnel Carrier (APC).

    The police boss said gunboats had been stationed at the Onuebum waterside to patrol all nooks and crannies of the creeks.

    He said the police were also searching for some suspects, who ran away immediately they sighted the police.

    It was learnt that the police had patrolled Edebiri, Kiambiri, Anyama and Ogobiri creeks.

    But one of Nitabai’s children, Frank, said his father was kidnapped a day before a meeting on land dispute.

    He said the police were supposed to meet with Nitabai and other family members over a land dispute on Monday, a day after he was abducted.

    Frank expressed fears that his father’s kidnapping might be connected with the land dispute.

    He appealed to security operatives to also look in that direction.

    Frank said: “My father heard that some members of his family sold his land at Ogbia.

    “He reported the matter to the Commissioner of Police. The commissioner was supposed to meet with my father and other family members involved on Monday. Unfortunately, my father was abducted a day before the meeting.

    “I am appealing to the relevant authorities to also look at that aspect.”

    Opara said two suspects had been arrested in connection with the land dispute.

    “The other two suspects saw my men and ran away. We will get them,” he said.