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APC berates Makinde, Oyo Assembly over fresh N20b loan

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The All Progressives Congress in Oyo state has condemned, in strong terms, the express approval obtained by Governor Seyi Makinde from the state lawmakers to draw a fresh twenty billion naira “infrastructure loan” from a named commercial bank describing the development as a sour grape in the mouth of the people

Oyo state government announced on Tuesday that it had got the nod of the state house of assembly to obtain another loan of 20 billion naira from a local commercial bank as the facility would be spent on infrastructure.

Further details regarding the terms of the loan and the project(s) attached to it were, however, not contained in the information released to the public by the government.

But the opposition APC said, in a statement made available to journalists in Ibadan on Wednesday by its Assistant Publicity Secretary, Prince Ayobami Adejumo, that the development was a clear manifestation of the PDP administration’s resolve to subject the state to bankruptcy and thus bring it down to her knees in no time while the governor and a few people within the corridor of power must have succeeded in enriching themselves and some private institutions where they have interest.

“It is no longer news that the administration of Gov. Makinde has failed to sustain the legacy of prudent and accountable management of resources it inherited from Senator Abiola Ajimobi who left power about a year ago but not without myriads of achievements in his entire eight years in office as the helmsman. In less than a year, the table has turned for the bad as what the people of Oyo state experience at the moment is a government without direction.

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“The whole world was again taken aback on Tuesday when it was reported that Gov. Makinde was to get another fresh loan of N20b which was even tied to anything concrete. That brought the sum total of loan facilities already taken, in about 11 months, to over N40b. The previous being a N10b Infrastructure Loan, N7.6b Agricultural Loan purportedly for the upgrade of two farm settlements in Akufo and Eruwa and another N2.5b Health Loan. All this happened at the same period when monthly federal allocations, refunds from federal government, monetary grants and donations came in simultaneously and without anything to show for it.

“It is recalled the camp of Engr. Seyi Makinde was popular for sponsoring incessant propaganda against the administration of Sen. Ajimobi between 2016 and early 2019 as it kept misleading the public over the state’s debt profile which they maliciously put at over N150b. However, a simple check from the Debt Management Office (DMO) indicated that the state debt profile at that time was N90b with evident heavy spending on recurrent expenditure, infrastructure, job creation, security, poverty alleviation and so on.

“It was in the same mode of propaganda and deceit that Engr. Makinde stated during his 2019 electioneering that if he became the governor of Oyo state, he would improve the economy of the state such that in just six months salaries and pensions would be paid without relying on monthly handouts from Abuja or loan facilities. Unfortunately, this is a year after his inauguration and only God knows how much he has paid to banks in interests to sustain the statutory obligation of payments to workers and pensioners.

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“Up till today, Gov. Makinde is still commissioning key projects put in place by his predecessor (Sen. Ajimobi) while he has never done convincing on the few ones he plans to do on his own. Now, our concern is that Gov. Makinde may be out to plunge the state into life-threatening debt without any tangible thing to show after his four year tenure.

“More importantly, we are calling on the state house of assembly to grow from being active only when there are loan request or fresh appointments to approve by being responsive to their constitutional duties which include checkmating the governor on the issue of financial recklessness and high handedness.” APC stated.

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Politics

Insider Claims: Ex-minister Shittu reveals manipulations, fraudulent approvals under Buhari

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Former Minister of Communication, Adebayo Shittu, has made startling claims regarding alleged manipulations and fraudulent activities during the previous administration of ex-President Muhammadu Buhari.

Despite serving as a minister under Buhari’s government, Shittu has voiced concerns over what he perceives as individuals close to the former Nigerian president exploiting their positions for personal gain, resulting in adverse effects on the country’s economy.

In an interview on Tuesday’s edition of Channels Television’s Sunrise Daily, monitored by Mega Icon Magazine, the ex-minister asserted, “Let me tell you, there were a lot of manipulations and we even heard that a lot of the so-called approvals did not emanate from President Buhari.”

He addressed allegations circulating about the previous government resorting to printing money to sustain the economy, stating, “There were a lot of manipulations and fraudulent approvals which did not emanate from the President.”

Shittu remained resolute in his claims, emphasising, “I am telling you confidently that a lot of it did not get his attention.”

He further alleged, “There were a lot of people around the President who exploited their relationship with the President and conspired with the then-CBN governor.”

 

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Putin sworn in for unprecedented fifth presidential term

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In this pool photograph distributed by Russian state agency Sputnik, Russian president-elect Vladimir Putin takes the oath of office during a ceremony at the Kremlin in Moscow on May 7, 2024. (Photo by Alexander KAZAKOV / POOL / AFP)

Russian President Vladimir Putin was Tuesday sworn into office at a lavish Kremlin ceremony for a record-breaking fifth term with more power than ever before.

The 71-year-old has ruled Russia since the turn of the century, securing a fresh six-year mandate in March after winning presidential elections devoid of all opposition.

In his inauguration speech, Putin said that Russia would emerge from the current “difficult” period victorious and stronger, as he took power for a record fifth presidential term.

“We will pass through this difficult, decisive period with dignity and become even stronger,” Putin said at his inauguration ceremony at the Kremlin, attended by an AFP journalist.

“We are a united and great nation,” Putin said in an upbeat speech, to applause from an audience of around 2,500 people including officials and military top brass.

“Together we will overcome all obstacles, achieve everything we have planned, and together we will win,” he said.

He said after being sworn into office that he viewed the presidency as a “huge honour, responsibility and sacred duty”.

The Russian leader vowed to ensure “sustained and stable development, unity and independence of the country”.

Putin thanked soldiers taking part in what Russia calls a “special military operation” in Ukraine, more than two years after it began on February 24, 2022, at a ceremony attended by some of those fighting.

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“We are looking forward confidently,” Putin stressed in his speech, which was aired on national television.

Evoking the country’s “thousand-year history” as he spoke in the Kremlin’s gilded St Andrew’s Hall, the president said that present-day Russians owed a debt to previous generations who achieved “such triumphs that inspire us today”.

He said Russians shared a “firm conviction that we ourselves alone will determine the fate of Russia for the sake of present and future generations”.

Russia is “not refusing dialogue with western states” and is ready to talk about “questions of security and strategic stability”, Putin said, “but only on equal terms, respecting the interests of each other”.

 

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PDP chieftain, Aminu congratulates elected Oyo LG chairmen, councilors

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Hon. Lukmon Aminu, a chieftain of the Peoples Democratic Party (PDP) in  Ibadan North East/South East Federal Constituency of Oyo state,  has extended his congratulations to the newly elected chairmen, vice chairmen, and councilors across the 33 local government councils.

The official announcement of the election results by the Oyo State Independent Electoral Commission (OYSIEC) on April 27th marked a significant victory for the PDP, prompting Aminu to commend Governor Seyi Makinde and the party’s governing council for their success at the polls.

Aminu’s statement, released on Thursday, not only lauded the electoral victory but also praised the active participation of party members and the peaceful conduct of voters throughout the entire process.

He stressed the importance of the newly elected officials recognising their roles as a call to service, particularly in this critical time.

In his message to the newly appointed chairmen, Aminu urged them to uphold fairness and justice, transcending political affiliations, and to remain focused on fulfilling their commitments to the electorate.

He emphasised that true development begins at the grassroots level,  urging them to prioritise the needs of their communities.

Expressing gratitude to the electorate for their overwhelming support of the PDP and its candidates, Aminu underscored the significance of citizen participation in the democratic process.

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