News
Patience Jonathan dares Buhari: Tell Magu, EFCC to leave me alone
Former First Lady, Patience Jonathan, has told President Muhammadu Buhari to call Ibrahim Magu, the acting chairman of the Economic and Financial Crimes Commission (EFCC), to order.
Mrs. Jonathan, in a statement signed by her chief press secretary, Belema Meshack-Hart, also accused Magu of being desperate to destroy her family.
She also claimed she was being targeted for the role she played in the 2015 election.
“We believe that she is being systematically persecuted and punished because of her unflinching support for her husband during the 2015 elections,” the statement read.
“President Buhari should be reminded that his wife also supported him in all the elections he contested against her husband, former President Jonathan, but Dr. Jonathan did not at any point in time, carry out personal vendetta or go after Buhari’s wife.
“That is the standard practice in all democracies around the world. For instance, Michelle Obama campaigned vigorously for her husband’s party during their last Presidential election, but we are yet to see President Donald Trump move against her. One thing is clear: No matter what they do to Mrs. Jonathan, she will continue to stand by her husband, the father of her children, even if it means paying the supreme price with her life,” she said.
She accused Magu of desecrating the image of the presidency, saying “it would be good to bring him back to the path of sanity and reason”.
Jonathan’s wife added that she is the most vilified first lady in the history of Nigeria.
She said it had got to the extent where all the “magnificent edifices in Abuja, Yenagoa or Port Harcourt” are presented to her.
“We wish to place it on record that in the history of this country, no wife of any President had been so far investigated in such flagrantly vindictive and disgraceful manner, as has been the fate of Mrs. Jonathan, in the hands of Magu’s EFCC,” the statement read.
“As a tradition, every first lady in this country has had one pet project or the other, with which they sought to intervene in the lives of the less privileged. Mrs. Jonathan started her NGO in Bayelsa State 11 years ago when her husband was the Governor of the State.
“With it, she has, over the years, touched the lives of many Nigerians in different ways. It is then surprising that while other First ladies and their pet projects were left alone, it is only her activities and that of her NGOs that are being subjected to indefinite probe and microscopic scrutiny by the Buhari administration.
“In a method that clearly bears out the axiom of giving a dog a bad name in order to hang it, Magu’s EFCC had maliciously linked Mrs. Jonathan to all kinds of fake possessions and properties around the country, including the Local Content Office in Yenagoa which is an arm of NNPC, Shoprite Complex, Nigerian Customs Guest House and Park View Hotel, both in Port Harcourt, as well as the residence of her neighbor who is a serving Senator. It has now come to a point where all the magnificent edifices in Abuja, Yenagoa or Port Harcourt are presented to the media as belonging to Mrs. Patience Jonathan. Not done, they also accuse her of owning several plots of land in many cities across the country, including places she has never visited. The most astonishing of all is that her close relatives are viciously being victimized, as their personal properties are also being investigated.
“It is either the EFCC is now led by people who cannot conduct proper investigations, or they are deliberately feeding the public with false information, in line with their sinister script to embarrass and browbeat the former first family.
“We wish to remind President Muhammadu Buhari that what Magu and other agents of his government are doing is tantamount to desecrating the hallowed and dignified office of the President, and exposing it to public ridicule before the rest of the world. As the elected President, Muhammadu Buhari has become a father to all Nigerians. He should, therefore, resist the snare of those vile advisers who portray him as a sectional and vindictive leader, out to disgrace his predecessors.
“We implore President Buhari to call Magu and his goons to order so he does not further defile and do more damage to the dignity of the seat of the nation’s President. The seat of the President of any country is sacred and the occupant must be respected. As a former First Lady, Mrs. Jonathan has been falsely called all manner of names, including drug peddler, by Magu’s well-oiled propaganda machinery.”
The headquarters of Heritage Bank at Victoria Island, Lagos, was besieged on Thursday by members of the labour union, protesting the recent dismissal of 1,000 support workers.
The National President of the National Union of Banks, Insurance and Financial Institutions Employees, Comrade Anthony Abakpa, led the demonstration, condemning the bank’s management for what he deemed a lack of adherence to due process in the termination of employment contracts.
Speaking during the protest, Comrade Abakpa asserted that the leadership of Heritage Bank failed to follow established protocols before executing the mass layoffs.
He emphasised the union’s commitment to pursuing justice for the affected workers, vowing to escalate their demands until the bank’s management rectifies the situation.
“We will intensify our demands for justice,” declared Comrade Abakpa, urging the bank’s management to take corrective action to address the grievances of the dismissed workers.
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, clarified that Nigeria is not utilising its foreign reserves to bolster the naira, despite recent fluctuations in reserve levels.
Speaking from Washington DC, where he is attending the International Monetary Fund-World Bank Spring Meetings, Cardoso highlighted the influx of $600 million into Nigeria’s reserves account within the past two days.
While the naira has experienced a notable appreciation against the dollar in recent weeks, climbing over 40% from approximately N1,900/$ to about N1,000/$1, Nigeria’s foreign reserves have been dwindling. As of April 15, reserves dropped to approximately $32.29 billion, marking the lowest level in over six years.
Cardoso emphasised that the shifts in reserves are typical for any country, where various financial obligations, such as debt repayments, necessitate withdrawals.
He stated, “What you’ve seen with respect to the shift in our reserves is normal in any country’s reserves where, for example, debts are due and certain payments need to be made. They are made because that is also part of keeping your credibility.”
Continuing, Cardoso underscored the dynamic nature of the market, advocating for a system driven by willing buyers, willing sellers, and price discovery.
He emphasised, “The shift in our reserves has really little or nothing to do with defending the naira, and that is certainly not our objective.”
Dangote Petroleum Refinery has made headlines by announcing a further reduction in the price of diesel, dropping it from ₦1200 to ₦1000 naira per litre.
The refinery’s decision comes on the heels of its recent supply at a significantly reduced price of ₦1200 per litre, which was introduced three weeks ago, signifying a remarkable 30 per cent decrease from the previous market price of approximately ₦1600 per litre.
This substantial reduction in diesel prices at Dangote Petroleum Refinery is expected to reiterate positively throughout various sectors of the economy, potentially serving as a catalyst in alleviating the persistently high inflation rate in the country.
In a statement last week, Aliko Dangote, Africa’s wealthiest individual and the owner of the refinery, expressed his optimism regarding the potential impact of the price reduction on inflation in Nigeria.
“I believe that we are on the right track. I believe Nigerians have been patient, and I also believe that a lot of goodies will now come through. There’s quite a lot of improvement because if you look at it, one of the major issues that we’ve had was the naira devaluation that has gone very aggressively up to about ₦1900,” he remarked.
As anticipation builds around the implications of this move by Dangote Petroleum Refinery, stakeholders and consumers alike remain hopeful for the positive effects it could bring to the Nigerian economy in the coming months.
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