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It’s an injustice to blame Tinubu over economic hardship – Sanusi

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By Francesca Hangeior

Former Governor, Central Bank of Nigeria, Mohammed Sanusi, has said it is an injustice to blame the administration of President Bola Tinubu for the current economic hardship the country is facing.

Sanusi said the country is battling a failing economy due to mismanaged economic policies of the past eight years.

He stated this while speaking virtually on Sunday at a religious event in Abuja.

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He said he would not join those who are bent on criticising Tinubu over the current economic challenges in the country.

Sanusi said, “I have been, over the years, talking about the pending crisis ahead of the current economic hardship. Any economist who has studied monetary policy in the last eight years knows that Nigerians will fall into this difficult situation.

“The difficult situation Nigerians are facing is just the beginning (if the right decision is not put in place) because Nigeria is not exceptional; such situations happened in Germany, Zimbabwe, Uganda, and Venezuela.

“The previous administration turned adamant about our appeal for corrective measures (on the economic policy). I have said in the presence of the now sitting president in Kaduna state, any politician who tells you that things will be easy, don’t vote for him because he is lying. People merely dismissed my advisory as a political statement.

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“If I am to be fair and just to President Bola Tinubu, he is not to blame for the current hardship; for eight years, we were living a fake lifestyle with huge debt from foreign and domestic debts. The Central Bank of Nigeria owes over N30 trillion, which resulted in debt service surpassing 100 percent.

“I can’t join other Nigerians criticising Tinubu on the current economic hardship, and I am not saying he is a saint free from wrongdoing, but in this current economic situation, President Tinubu is not to be blamed. I will also speak if I see any wrong economic policy of the Tinubu administration in the future, Stated.

He added that Tinubu’s decision to remove fuel subsidy should be applauded.

He said, “It’s injustice for anyone to blame the Tinubu administration for the current economic hardship because there is no other alternative than the removal of the fuel subsidy. After all, Nigeria cannot even afford to pay the subsidy. In the last eight years, the Central Bank continued to print more money, and the naira continued to depreciate. There is too much naira in circulation because the CBN is printing the currency without restraint.

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“The economy was poorly managed, and they are not willing to take advice; in the last eight years, apart from sycophancy, nothing has been done; those sycophants are those buying the dollar at the rate of N400 and selling it at the rate of N600 to N700.

“A boy who has no record of service has a private jet and owns houses in Dubai and England just because he is buying dollars at so a rate and selling them.

“I can only plead with the people to endure the hardship, and those who have the means to help the downtrodden should do so.

“I am also pleading with commoners to live according to their earnings; we must not peg our lives above our earnings in this difficult situation where people are looking for what to eat.”

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During his inaugural speech in 2023 after the general elections, Tinubu announced the removal of fuel subsidy.

He stated that the country could no longer maintain it, noting that the trillions of naira yearly spent to sustain the subsidy were meant to better the healthcare and transportation sector, schools, housing, and national security, among others.

However, following the removal, Nigerians had been thrown into hardship from the soaring cost of food to increased drug prices.

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Court dismisses suit seeking Oyo monarch’s removal

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An Oyo State High Court sitting in Ibadan has dismissed a suit contesting the nomination and installation of the Olugbon of Orile Igbon, Oba Francis Alao.

In his ruling on Monday, Justice K.A. Adedokun nullified the case for lack of jurisdiction.

Four members of the Akingbola family who instituted the suit contested the selection, appointment, and approval of Oba Alao as the Olugbon.

Justice Adedokun held that the court lacked the jurisdiction to entertain the matter, saying that the claimants had no locus standi to file the suit.

He ruled that the case was defective as it failed to include Surulere Local Government, the authority legally empowered to initiate the selection process and approve the traditional ruler’s appointment.

Oba Alao, whose installation as Olugbon was ratified by the Oyo State government and traditional institutions, is the current vice chairman of the Oyo State Council of Obas and Chiefs.

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EFCC arraigns Chinese for giving false information in Lagos

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Unidentified EFCC Operative Takes Own life

The Economic and Financial Crimes Commission (EFCC) has arraigned a Chinese, Liu Beixiang, over alleged false information to an officer of the agency.

Liu was arraigned yesterday before Justice Ayokule Faji of the Federal High Court sitting in Ikoyi, Lagos.

The charge reads: “That you, Liu Beixiang (a.k.a Lao Liu), sometime in December 2024 in Lagos, within the jurisdiction of this honourable court, did give information, which you knew to be false, to an officer of the Federal Government of Nigeria in the discharge of his duties and thereby committed an offence contrary to Section 16 (1) of the Economic and Financial Crimes Commission (Establishment) Act, 2004.”

The defendant, however, pleaded not guilty to the offence when the charge was read to him. In view of his plea, the prosecution counsel, Babatunde Sonoiki, asked the court for a trial date and also prayed that the defendant be remanded in a correctional facility.

But in his response, the defence counsel, F.A. Dalmeda, informed the court of an application submitted to the EFCC seeking a plea bargain.

“We filed an application for a plea bargain, and we also filed a motion for bail, which the EFCC responded to this morning.

“We need a date for us to report on the plea bargain.

Consequently, Justice Faji adjourned the matter till June 23, 2025, for a report on the plea bargain and remanded the defendant in a correctional centre.

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Peter Obi speaks as Benue govt. blocks humanitarian visit

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Former Labour Party presidential candidate, Mr. Peter Obi, has expressed deep concern over what appears to be a deliberate move by the Benue State Government to block his planned humanitarian visit to Makurdi on Monday, April 14, 2025.

The Benue State Government on Monday issued a surprise statement, warning against any high-profile visits to the state without prior approval, amid Obi’s plan to visit the state.

The visit, which was to include courtesy calls, stops at a nursing school in Gboko, and IDP camps, was abruptly halted after a press statement from Governor Alia, through his Chief Press Secretary, Tersoo Kula.

The statement, issued while Obi was en route from Plateau State, was titled “Notice Regarding Unscheduled Visit to Benue State.”

Via the statement, Gov. Alia warned that “all individuals or groups intending to visit IDPs in Benue State must first seek and obtain written permission from the Benue State Emergency Management Agency, BSEMA.”

The statement further said: “For anyone considering a visit to Benue State without the Governor’s knowledge, it is imperative to reconsider such plans, as the safety and security of individuals in this regard cannot be guaranteed.”

Governor Alia also cautioned against any gatherings that could be interpreted as political, urging security agencies and residents to “maintain peace and order.”

Reacting to the statement from Benue, Obi revealed that he tried repeatedly to contact the Benue State Governor directly without success.

The former Anambra governor said: “Ordinarily, I would not have commented on this issue, as I have endured far worse situations in my political life since I declared for the presidency, and it continues to worsen as I strive to do things in a civilised and organized manner.

“The unfolding events demand that I have to start speaking out now.

“On what transpired today during my planned visit to Benue State, I am not entirely sure that the state Governor, my dear younger brother, a Reverend Father I deeply respect, is aware of this situation. Having exhausted every possible means to reach him, I am compelled to use this available platform to ensure my message is conveyed.

“On Thursday, the 10th of April, I had planned to visit Plateau and Benue State, respectively. Plateau on Sunday, the 13th of April 2025, and Benue on Monday, the 14th of April 2025. My trip included paying courtesy calls to the governors as well as visiting the IDP camps and schools of nursing in both states to give my support.

As is my practice, I reached out to the Plateau State government to inform them of my visit, which included spending the day with the victims at the IDP camp in Bokkos, a visit I wholeheartedly embraced to extend my support, care, and compassion to fellow Nigerians in need. And in his utmost hospitality, the Plateau State Governor graciously permitted.

In a similar vein, I tried repeatedly to contact the Benue State Governor directly without success. I then successfully contacted his ADC who told me that the governor was in a very important meeting and would call me before midnight on the same day.

Unfortunately, I didn’t get that call until Sunday evening when he sent me a message stating he had not been able to reach his principal since the day I called. I was disturbed by how an ADC would not have been able to reach his principal for 3 days.

“However, because my visit to the governor was just for courtesy and respect, I decided to proceed with my trip to Makurdi. Earlier today at 7am, I left Jos, and on reaching Akwanga at about 10am, my security team stopped and stated they received a press statement, purportedly from the Benue State Government, that appeared designed to stop my trip. Curiously while I was still talking with my security team on the issue, the Governors ADC sent the statement directly to me. The letter refers exactly to my itinerary which I had earlier conveyed to the ADC directly and to the security operatives in Benue through my own security.

“I am forced to remind them, and all concerned, that the purpose of this journey is to support good causes in areas of critical development: health and health education, education and caring for our people in need, and this is what I have done in my private life for years before getting into politics and even while in politics I have continued to do so.

Everyone knew then how I had to get permission from the then President, President Goodluck Jonathan, that I needed to visit Haiti during the earthquake.

I intended to visit a school being built by the bishop in Gboko, a Nursing school and an IDP camp, actions that reflect my genuine care for the welfare of our fellow citizens, and my continuous show of love, care and compassion to citizens who have been displaced.

“May God help us as we rebuild our nation and aim to achieve a new Nigeria where we do not politicize everything but allow citizens to exist, and we all should live for the common good for less privileged Nigerians and those in need.”

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