Osinbajo Seeks Approval To Borrow $1.28b And €9m
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.
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.
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.
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.
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
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
“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.”
Goodluck Jonathan’s Administration is a waste- APC
The All Progressive Congress, APC, Rivers State Chapter has stated that
the era of the former president of the country, Goodluck Jonathan, was a
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.
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”
wickedly stopped the Train 7 at NLNG Bonny, resulting in the loss of
jobs to Rivers people and revenue to the State Government.
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.
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.
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
“Seizing and grounding the planes of the State for no just cause.
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
“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
Kebbi State House of Assembly orders arrest of ex-governor, Dakingari for allegedly inflating N6.4b contract to N18b
for the arrest of former governor Usman Dakingari after he failed to
appear before the house over allegations he inflated an airport
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
He said the House has also written to the companies involved in the airport contracts and was still awaiting their response.