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2019: Atiku’s running mate, Peter Obi’s bank accounts frozen

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The Peoples Democratic Party (PDP) Presidential Campaign Organization (PPCO) has cried out over the stoppage of transactions on all accounts belonging to its Vice presidential candidate, Mr. Peter Obi, wife, his family members and their businesses by agencies of the Muhammadu Buhari administration.

The party in a statement signed by its National Publicity Secretary, Kola Ologbondiyan, said Obi has been threatened by Buhari’s administration since he decided to run for Vice President in 2019 election.

He said since his nomination, Peter Obi, apart from facing series of failed attempts by the APC to destroy his reputation, has also continued to receive all manners of threats and blackmail, including threats to his life and those of his wife and children.

The statement read: “Since his nomination, Peter Obi, apart from facing series of failed attempts by the APC to destroy his reputation, has also continued to receive all manners of threats and blackmail, including threats to his life and those of his wife and children.

“Having realized that the majority of Nigerians are rallying behind the duo of Atiku Abubakar and Peter Obi as our Presidential and Vice Presidential candidates respectively, the Buhari Presidency and the All Progressives Congress (APC) have resorted to all manners of machinations, including smear campaigns and direct attacks on their persons and business concerns, in a bid to run them down.

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“The Buhari Presidency is intimidated by Peter Obi’s resume, particularly, his general acceptance as epitome of fiscal responsibility, frugality and transparency in governance.

“Otherwise, why is the Presidency on a wild goose chase in investigating Peter Obi, who left office as Governor of Anambra state five years ago with a nationally acclaimed clean record, intact reputation for frugality, transparency, zero tolerance for corruption and leaving behind a huge saving of N75 billion naira in cash and investments; without owing any salaries, pensions, gratuities or even contractors for contracts executed?

“The fact remains that the Buhari Presidency and the APC are merely shadow boxing in their attacks on Atiku Abubakar and Peter Obi, as their records before Nigerians speak for them.

“All discerning Nigerians know that the reasons for an investigation on a man like Peter Obi, is a journey to no where aimed to stifle him of funds as well as attempt to distract our campaign and divert attention from the failures of the Buhari administration.

“It is ludicrous that President Buhari would continue to condone the looting of our treasuries by his party leaders and the cabal in his Presidency, which even, the First Lady had even alluded to, only to be using government agencies to attempt to blackmail our Presidential and vice Presidential candidates whose reputations stand clear before all Nigerians.

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“The PPCO reminds President Buhari that neither he nor Vice President Yemi Osinbajo was in 2015, as candidates, harassed, attacked at the airport or subjected to blackmails, and wonder why they are now employing such tactics just because Nigerians have resolved to do away with them, come 2019.”

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Senate Approves Tinubu’s $500m Loan for Power Sector Boost

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The Nigerian Senate has approved President Bola Tinubu’s $500 million loan request intended to bolster the operations of the Bureau of Public Enterprises (BPE) to enhance the financial and technical performance of electricity distribution companies, ultimately benefiting citizens.

The endorsement, announced on Tuesday, follows a thorough examination of the report presented by Senator Aliyu Wamakko, who heads the Senate Committee on Local and Foreign Debts overseeing the 2022 – 2024 External Borrowing (Rolling) Plan specifically for the Bureau of Public Enterprises (BPE).

During the presentation of the report, Senator Haruna Manu, serving as the Vice Chairman of the Committee, emphasised the importance for the Senate to duly receive and deliberate upon the report of the Committee on Local and Foreign Debts concerning the 2022 – 2024 External Borrowing (Rolling) Plan for the Bureau of Public Enterprises (BPE).

The $500 million loan constitutes a portion of the $7.94 billion loan originally requested by President Bola Tinubu on November 1st, 2023, within the framework of the 2022-2024 external borrowing plan. In addition to the $500 million, President Tinubu also sought approval for a €100 million loan.

However, during a special plenary session on December 30, the Senate greenlit the borrowing of $7.4 billion after careful consideration of the report furnished by the Committee on Local and Foreign Debt.

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Melinda Gates Resigns from Gates Foundation, Set to Receive $12.5 Billion

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In this file photo taken on September 26, 2018, Bill Gates and his ex-wife, Melinda Gates, introduce the goalkeepers event at the Lincoln Center in New York. Ludovic MARIN / AFP

Melinda French Gates announced Monday she was leaving the philanthropy mega foundation she established with her ex-husband, Microsoft co-founder Bill Gates.

The resignation, which becomes effective on June 7, will leave Bill Gates as the sole chair of one of the world’s most influential and powerful non-governmental organizations.

“After careful thought and reflection, I have decided to resign from my role as co-chair of the Bill & Melinda Gates Foundation,” Melinda French Gates wrote in a statement posted on social media.

The statement gave no reason for her departure, but noted that “under the terms of my agreement with Bill, in leaving the foundation, I will have an additional $12.5 billion to commit to my work on behalf of women and families.”

The couple married in 1994 but announced their divorce in 2021.

They had continued to co-chair the foundation which they established in 2001 with the vast wealth acquired through the success of Microsoft.

With a focus on child poverty and preventable diseases, the foundation has been heavily involved in fighting malaria and in providing toilets and sanitation in poorer parts of the world.

The foundation’s website says it has spent $53.8 billion since 2000, and claims the number of children around the world who die before their fifth birthday has halved in this time.

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Bill Gates thanked his ex-wife for her “critical contributions” to the organization.

“As a co-founder and co-chair Melinda has been instrumental in shaping our strategies and initiatives, significantly impacting global health and gender equality,” he said.

“I am sorry to see Melinda leave, but I am sure she will have a huge impact in her future philanthropic work.”

The organization’s chief executive, Mark Suzman, said its name would change to simply the Gates Foundation — it has been known as The Bill & Melinda Gates Foundation.

“I truly admire Melinda, and the critical role she has played in starting the foundation and in setting our values, she has played an essential role in all that we’ve accomplished over the past 24 years,” he said in a video posted to social media.

“I will miss working with her and learning from her. I look forward to seeing her continued impact.”

 

 

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EFCC calls on banks’ compliance officers to uphold confidentiality

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The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has urged Compliance Officers of Banks nationwide to refrain from unauthorised disclosure of EFCC’s investigative activities and requests made to banks’ customers.

Speaking through the Acting Zonal Director of the Ibadan Zonal Command of the EFCC, ACE I Hauwa Garba Ringim, during a stakeholders’ meeting with Compliance Officers of Banks in Oyo State on Tuesday, Olukoyede emphasised the detrimental impact such disclosures have on the investigation of financial crimes and the timely filing of corruption cases in court.

Olukoyede expressed concern over the tacit support fraudsters receive from the Nigerian banking sector, highlighting the challenges it poses to the Commission.

He urged Compliance Officers to promptly respond to EFCC’s correspondence with certified true copies of relevant documents, as this facilitates swift investigation processes.

Also, Olukoyede addressed the illegal trading of naira with Point-of-sale (POS) operators, stressing the need to curtail such practices for the benefit of Nigerians.

In response to the chairman’s directives, Compliance Officers assured the EFCC of their unwavering support and commitment to enhancing collaboration between the Commission and banks for more effective anti-corruption efforts.

 

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