News
Obaseki’s is on the run as Okpebholo calls for Gov’s mental examination
By Kayode Sanni-Arewa
Edo State Governor-Elect, Senator Monday Okpebholo, has called on the out-going Governor of the State, Godwin Obaseki, to seek immediate attention of a psychiatrist, following his recent utterances and public displays.
In a statement made available to newsmen on Sunday and signed by Godspower Inegbe, Okpebholo said Edo people are worried by Obaseki’s reckless statements and urged him to evaluate his state of mind.
The Governor-Elect in the statement raised the alarm regarding the whereabouts of Obaseki, who on Friday reportedly fled Benin City, the Edo State capital, using a disguised bus.
The statement revealed that Obaseki chased out everyone from the Government House on Friday before escaping to a yet-to-be known location more than 72 hours before his official departure from office.
The statement further noted that Obaseki is making the false claims to shift attention away from his sinister plans to leave the country through the land borders.
“As of Friday, 8th of November, the whereabout of Obaseki is unknown. He has chased everyone out of Edo State Government House. He has abandoned governance in the State, and he is on the run.
“He has escaped through the road out of Benin. He did not pass through the airport. If he is as popular as he claims, why did he not use the airport to escape? Instead, he hired a bus and disguised while escaping from Edo State.
“Obaseki is trying to push out these narratives in order to distract the public. His antics will not work. We know his plans, and we will continue to expose his shenanigans to Edo people,” the statement read.
Obaseki, on Saturday, claimed that Senator Okpebholo did not invite him to his inauguration, slated for next Tuesday. He also claimed without proof that the Governor-Elect has a stolen mandate.
“Out-going Governor Godwin Obaseki needs serious and urgent psychiatric attention to evaluate his state of mind. His recent utterances and public displays should get Edo sons and daughters worried.
“In his latest diatribe, Obaseki, who has supervised one of the biggest financial heist and misappropriated resources of Edo state, is again engaging in his usual beer parlour talks.
“According to the unpopular outgoing governor, Senator Monday Okpebholo stole the mandate freely given to him by Edo people. In his usual myopic mind, he wants to change the narratives and set a dangerous precedence,” Okpebholo noted in a statement.
The Governor-Elect said he won the elections convincingly and added that the tribunal will soon validate his claims. He said Obaseki would not get away with the reckless claims.
“Obaseki will not get away with this misrepresentation. Senator Monday Okpebholo, the Governor-Elect of Edo State, won the 21st September governorship election in Edo State.
Obaseki is still licking his wound of defeat and is yet to accept the reality. Edo people, through the ballot, rejected the planned continuation of Obaseki’s satanic government through his glorified stooge, Asue Ighodalo,” he mocked Obaseki
Okpebholo said Obaseki is trying to influence the outcome of the ongoing case at the tribunal by making false claims. He said the attempt will fail like a pack of cards.
He said: “The Peoples Democratic Party is already challenging the outcome of the election in court. We are therefore worried that Obaseki is in a hurry to pre-empt the outcome of the tribunal by repeatedly making false claims.
“Unfortunately for Obaseki, his baseless claims will not stand. The Peoples Democratic Party and its candidate, Ighodalo, have no case against Senator Okpebholo. The tribunal will soon confirm that.”
He warned Obaseki to desist from making false claims and reminded him of severe consequences that may follow if he does not stop.
Senator Okpebholo reminded Obaseki that he will soon lose his immunity and will therefore be forced to face the full wrath of the law if he does not retrace his steps.
“Although Senator Okpebholo is a man of peace, we will not sit back and allow him to keep misrepresenting the true outcome of what happened on the 21st of September.
“Obaseki will soon lose his immunity and if he continues to make his baseless claims, he will face the full wrath of the law very soon and he will prove his unfounded allegations when he is dragged to court,” Okpebholo warned in the statement.
Reacting to another claim by Obaseki that he was not invited to attend the inauguration slated for next Tuesday, Okpebholo described it as laughable, absurd, and questionable.
He said that since he won the election, Obaseki has employed every means to frustrate a peaceful transfer of power. The Governor-elect noted that Obaseki has not extended any invitation to him for a meeting or a tour of the Government House.
The statement read: “Again, Obaseki also claimed that Senator Okpebholo did not invite him to the inauguration, slated for next Tuesday. This is laughable, absurd, and questionable. Since Senator Okpebholo was declared winner, Obaseki has employed every means to frustrate a peaceful transfer of power.
“As a sitting Governor, Obaseki should tell Edo people and Nigerians if he has ever invited the Governor-Elect, Senator Okpebholo to Government House for a meeting or a tour as a responsible man. Has Obaseki called Senator Okpebholo to congratulate him since he won the election?
“Obaseki should cover his face in shame, account for the billions he has misappropriated, and apologise to Edo people for under-developing the State in the last eight years.
‘We urge Edo people to disregard Obaseki’s reckless statements and support the incoming administration of Senator Okpebholo to remedy the many wrongs of this government.”
News
Change Negative Narrative About EFCC Being Used For Settling Political Scores- Reps
………Ask Anti Graft Agency To Fight Financial Crimes Within Established Laws
.
……My Staff Are Poorly Paid, EFCC
…., States Why Fight Against Yahoo Boys Fierce
The House of Representatives has tasked the Economic and Financial Crimes Commission, EFCC, to purge itself from the negative impression that its being used to settle political scores and concentrate fighting financial and economic crimes within established laws.
The House handed the advise on Tuesday through the Chairman House Committee on Financial Crimes Honorable Ginger Onwusibe who led members of the committee on the 2024 oversight exercise on the commission.
The oversight covered extensive facility tour of departments and critical operational units of the antigraft agency.
In his terse remarks, Hon. Onwusibe challenged the agency to improve its operational activities in combating economic and financial crimes by complying with its 2004 Establishment Act and other relevant applicable laws like the Money Laundering ( Prevention and Prohibition) Act 2022: Terrorism ( Prevention and Prohibition) Act 2022: The Proceeds of Crime Act. 2022, as well as other statutes, that compels it to carry out these roles transparently with accountability and show that the negative maxim being peddled in some quarters that the agency is often being used for settling political scores is incorrect .
The committee assured that it will collaborate with the commission to actualize its mandate by enacting new laws or amending old ones and as well providing budgetary interventions, if it must strive tirelessly to be on top of its challenges
The House urged the agency to collaborate with sister agencies and desist from keeping suspects as- awaiting ‘trial in correctional centres nationwide
“At this point let me add that a recent visit to the Maximun and Minimun Correctional centres in Kirikiri Lagos State, numerous suspects have been awaiting trial for over one year and yet we are all acquainted with the saying that justice delayed is justice denied”
” It is on this note that we call on the EFCC, Attorney General of the Federation and the Judiciary to improve and ensure the administration of justice works and is efficiently delivered to the victims”
The House warned the agency to purge itself of rotten eggs in order to fight economic and financial crimes frontally, thereby stimulating the Nigerian economy
It also urged EFCC to focus properly on its mandate.
” The issue of appropriate and proper focusing on the mandate of the EFCC must relentlessly be on the front burner:
“Orders from competent courts , arrest and debt recovery must be pursued religiously” the House cautioned
But on its side, the antigraft agency said it has not deviated from its focus but rather working hard and fighting financial and economic crimes as enunciated in its mandate.
Chairman of the agency , Ola Olukeyede told his guest in his remarks during the oversight visit that the commission was doing much to fight financial and economic crimes and stimulate the Nigerian economy
He said so far that the agency has recovered over N250bn cash, tens of million of Dollars and other foreign currencies, with over 3000 convictions: 17000 petitions while also investigating over 20000,with about 4000 fresh cases , all being handled by a misery number of staff strenght
He noted that its priority is to improve the country’s image and stimulate its economy, such that there could be improvement in foregin direct investments and stimulation of the local economy.
Olukeyede however, argued that the agency needed more staff strenght, funding , better renumeration for staff because they were poorly paid. He also emphasised on modern day technology to fight the ever dynamic cyber criminals
According to the EFCC boss, it was important to give more salary to EFCC staff and deploy modern technology to fight emerging cyber crime dynamism . He expalined that the agency has increased efforts to fight Yahoo, yahhoo, boys because of their ability to crumble any economy within a twinkle of an eye
According to him, the agency was expanding its drag net to focus on ministries, departments and agencies infrastructural projects. ” “Go to MDAs and see their budget implementstion. It is not up to 20%”
“We want to ensure 50% infrastructural development” the anti graft boss announced, insisting that it would henceforth encourage monitoring of project implementation which was an aspect of preventing financial crimes
He said the agency has dismissed lots of erring staff, and will continue to dismiss and even prosecute them going forward.
Olukeyede disclosed that it had designed a template on staff integrity, using the Gift- Policy model
.” It is not every thankful gift we should collect” the EFCC boss warned
” I am advocating for more welfare improvement, better welfare, he said.
“We will do more recoveries, more convictions, but we need more resources to do our work, maintaining that, that was his stand on ethics and integrity .
Olokeyede’s demand for more salary wage for staff of the commission, is seen as an incentive to boost welfare and morale to fight financial crimes to standstill.
He stated that there was the utmost need to increase salaries of staff of the commission
The EFCC boss who spoke on his stewardship in the last one year, further added that it increased the war against Yahoo- Yahoo boys because of the consequences of their nefarious acts which could crumble a nation’s economy in a jiffy.
He argued that more technology was required to fight financial crimes.
For instance he explained that it was a common scenario then for thieves and armed robbers to attack and break into banks with guns and Dynamites
” But it is the same common and more easier scenario and task now to have Yahoo-Yahoo boys and bank thieves attack banks with technology in the comfort of their homes or hideouts”
“So we need technology and we also need to increase our fight against these Yahoo boys who can dismantle any economy within a twinkle of an eye
He called on the national Assembly to improve and increase its finances because fighting Financial crimes was a herculean task that requires adequate funding
Olokeyede who apparently was responding to criticisms of the commission’s over concentration on Cyber crimes/ thieves, perpetrated by Yahoo boys, said he has made tremendous impact in enforcement, investigation and conviction with an outstanding record convictions between October 2023 when he was appointed till date
News
Trouble looming for Obaseki as Gov Okpebholo orders probe of his admin
By Kayode Sanni-Arewa
Governor Monday Okpebholo of Edo State has ordered the setting up of a committee to probe the immediate-past administration of Godwin Obaseki for its failure to inaugurate 14 Edo Assembly lawmakers-elect into the 7th Assembly.
Okpebholo disclosed this while giving his inaugural speech as the new governor of the state.
Governor Okpebholo also ordered the State Chief Judge to immediately investigate the initial delay of former Governor Obaseki to inaugurate duly-cleared judges by the National Judicial Council (NJC) last year
News
Naira may depreciate to N1,993 against dollar – Report
By Kayode Sanni-Arewa
Nigeria’s naira has been projected to depreciate further to N1,993 per dollar in the coming days.
This is according to BMI, a Fitch Solutions subsidiary report title, ‘Weak Naira and Structural Challenges to Constrain Nigeria’s Medical Devices Market Growth’.
The report said the forecasted depreciation will be predicated on the 95 percent dependence on imports for pharmaceuticals in Nigeria.
According to the report, the development would erode both the health system and patient purchasing power.
“We expect that the naira will end 2028 at N1,993/$ from N306/$ in 2018.
“As the naira weakens, the cost of importing medical devices will continually increase, eroding both the health system and patient purchasing power, especially to invest in essential medical technologies given the underfunding of the public health sector,” the report stated.
This comes as Naira fell to N1681.42 and N1735 at the official and parallel foreign exchange markets on Monday.
This comes as FMDQ FX transaction turnover dropped significantly from $1.4 billion on Friday to $471.5 million on Monday.
Last Thursday, the Governor of the Central Bank of Nigeria, Olayemi Cardoso, said the country’s external reserves rose to $40 billion.
Despite Central Bank of Nigeria’s interventions and external reserves rise in the last months, the naira has continued to experience fluctuations in the FX market.
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