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Acting President Yemi Osinbajo of Nigeria is seeking the approval of the House of Representatives for the country to borrow $1.28b and €9m, reports have indicated.
Osinbajo is therefore seeking the inclusion of the Development Bank of Nigeria (DBN) and the Fund for Agricultural Finance in Nigeria (FAFIN-II) in the 2016-2018 borrowing plan.
In the letter, Osinbajo said the DBN was omitted in the 2014-2016 external borrowing plan adding that the donors were ready to release funds to the international agency once the National Assembly approved.
For the FAFIN, this international organisation was being supported with a sum of €9 million by the KfW Development Bank of Germany, after it had released €10.5 million in 2013 in the first tranche.
The letter stated: “Mr Speaker may wish to know that the DBN is a multi-donor supported bank approved under the previous administration with financing agreements executed on 25th February 2015.
“However, the facility in the sum of $1.28 billion appeared to be inadvertently omitted in the 2014-2016 external borrowing plan approved by the National Assembly. “In view of the importance attached to these two projects by our administration, it has become imperative to seek for your usual understanding and kind consideration for the inclusion of the DBN and FAFIN-II into the 2016-2018 external borrowing plan as addendum.”
Meanwhile, Acting President Yemi Osinbajo has revealed that one of the top priorities of the current administration remains the fight against corruption. Osinbajo, who spoke on Tuesday, May 23 in Kano while declaring open the 2nd Kano Economic and Investment Summit, said:
“We will remain committed on the three focused areas which include fighting corruption, insurgency and providing employment to the teeming number of unemployed youths in the country.”
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The All Progressive Congress, APC, Rivers State Chapter has stated that the era of the former president of the country, Goodluck Jonathan, was a total waste.
The admission was contained in a statement issued on Tuesday by the state’s APC in which it listed the various reasons why “Jonathan’s Presidency was similarly a total disaster for Rivers State and her people.”
The statement credited to the Bayelsa state governor, Seriake Dickson and signed by the State Chairman of the party, Chief (Dr.) Davies Ibiamu Ikanya reads in part: “Rivers APC aligned itself also with the historical statement credited to Governor Seriake Dickson of Bayelsa – the home State of former President Jonathan – that his six years in Aso Rock was a waste for the Ijaw Nation.
“The party declared that Jonathan’s Presidency was similarly a total disaster for the Rivers State and her people for the following reasons: Jonathan failed to muster the courage and political will in a PDP-controlled National Assembly to see to the passage of the Petroleum Industry Bill (PIB) in the over six years of his administration to demonstrate his hatred for the Niger Delta region, knowing that communities in Rivers State will benefit from the bill.
“The East/West Road, especially Eleme-Onne axis in Rivers State, was abandoned and became a nightmare to travellers. He refused to refund to the State Government over 110 billion naira used in the dualisation of Ikwerre-Owerri Road approved by late President Umaru Musa Yar’Adua and other Federal Roads in the State executed by the State to ease the sufferings of the people of Rivers State.
APC lists reasons Goodluck Jonathan’s presidency was “a total disaster”
“He wickedly stopped the Train 7 at NLNG Bonny, resulting in the loss of jobs to Rivers people and revenue to the State Government.
“Refused to implement the UNEP Report on the clean-up of Ogoni land despite all the pleas by our people and the International Community – just to punish the Ogonis and “Rivers State irrespective of their overwhelming support for him during the 2011 elections. Jonathan duly acknowledged that he has no project to point as was executed by his administration for the six years he was Abuja as President.
“Most wickedly, he ceded oil wells belonging to Rivers to Bayelsa and Abia states to ensure that the revenue accruing to the State is reduced to nothing.
“Abandoned construction of the Port Harcourt International Airport after completing other airports started at the same time with it.
“The airport was described as the worst sixth Airports in the world during Jonathan’s administration.
“Posting and encouraging the excesses of the tyrannical Police Commissioner Joseph Mbu during his inglorious days in the State.
“Supporting every imaginable act of impunity in the State, including the plot by five State Assembly members to impeach the Speaker in a House of 31 members.
“Seizing and grounding the planes of the State for no just cause.
“Harassing and intimidating the duly elected Governor of Rivers State then for no just cause and even supporting the splitting of the Governors’ Forum into two just to ensure that former Governor Amaechi, who was duly elected by his colleagues, did not have an easy reign as the Chairman of the Forum.
“Though what Rivers State suffered in the hands of Jonathan is so enormous we hand over his case and that of Wike to God to handle.”
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Kebbi State House of Assembly orders arrest of ex-governor, Dakingari for allegedly inflating N6.4b contract to N18b
Lawmakers in Kebbi state house of assembly, yesterday, called for the arrest of former governor Usman Dakingari after he failed to appear before the house over allegations he inflated an airport contract.
The house had given Dakingari up till yesterday, May 23 to appear and explain his role in a N6.4 billion contract for an international airport, allegedly inflated to N18 billion.
During its sitting on Tuesday the Speaker of the House, Alhaji Samaila Abdulmumini Kamba informed members of the House that upon enquiry from the Clerk of the House he was told Dakingari was not in the premises of the assembly as expected to honour the House invitation.
Following this, a member of the House, from Bunza constituency, Aminu Muhammed Bunza raised a motion for his arrest to compel him to appear before the house.
The house had given Dakingari up till yesterday, May 23 to appear and explain his role in a N6.4 billion contract for an international airport, allegedly inflated to N18 billion.
During its sitting on Tuesday the Speaker of the House, Alhaji Samaila Abdulmumini Kamba informed members of the House that upon enquiry from the Clerk of the House he was told Dakingari was not in the premises of the assembly as expected to honour the House invitation.
Following this, a member of the House, from Bunza constituency, Aminu Muhammed Bunza raised a motion for his arrest to compel him to appear before the house.
“We have given him all the available opportunity to appear before for us. We had invited him on two occasions but he didn’t honour our invitation. For this we should issue arrest warrant on him,” said Bunza.His motion was seconded by the Deputy Speaker, Muhammadu Buhari Alieru.
While speaking to journalists on the decision of the House to arrest Dakingari, the deputy speaker, Alieru said their decision was not politically motivated.
He said the House has also written to the companies involved in the airport contracts and was still awaiting their response.
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