News
Biafra: Nigerian govt reveals identity of IPOB, Nnamdi Kanu’s sponsors
The Minister of Information and Culture, Alhaji Lai Mohammed, on Sunday accused “politically disgruntled treasury looters” out to sabotage the President Muhammadu Buhari-led government of sponsoring the Indigenous People of Biafra, IPOB.
Mohammed said the disgruntled looters are using IPOB to sabotage the current government under the guise of fighting for the rights of the people of the South-east.
This is contained in a statement signed by his media aide, Segun Adeyemi and sent to DAILY POST.
Mohammed said IPOB sponsors were trying to “destabilize the country and trigger chaos to realize their ambition of escaping justice and then be free to dip their hands into the nation’s treasury again.”
“Nigerians must understand that IPOB was not set up to fight for the right of anyone or group, but as a tool to destabilize the nation, divert attention from the efforts of the Buhari Administration and obliterate the laudable achievements of the Government.
”IPOB is being sponsored by those I will call the Coalition of the Politically Disgruntled and the Treasury Looters. They believe that by sponsoring this group to destabilize the country and trigger chaos, they will realize their ambition of escaping justice and then be free to dip their hands into the nation’s treasury again.”
Wondering why IPOB activities became heightened under Buhari’s government, Mohammed said, ”If this is coincidental, then that coincidence is uncanny, at the least. Remember that Nnamdi Kanu, who led a protest at the Nigeria House in London against Boko Haram insurgency and in support of Nigeria’s unity, under the Jonathan Administration, has suddenly metamorphosed into an IPOB monster who will rather set the nation ablaze.”
Mohammed said IPOB thrived on exploiting the nation’s fault lines, and that its modus operandi ”is to trigger conflagration nationwide through attacks and reprisals”.
”Thankfully, IPOB has failed in its evil machinations. The good people of Nigeria have seen beyond those cheap tactics and have avoided being incited against one another. We must remain vigilant and resolute. We must all say no to the incendiary and divisive tendencies of IPOB and its cohorts.”
Mohammed also commended the Nigerian military for labelling IPOB a terrorist organization and for checkmating the group, and the South-east Governors for proscribing the organization.
”But for the military’s quick and decisive intervention, IPOB could have set the nation on fire. Thanks to the decisiveness of the military, the Governors of the states in the South-east have wisely proscribed IPOB,” he said.
Alhaji Mohammed accused IPOB of harvesting gory videos from the distant past and from other lands to deceive the international community that the people of the South-east are victims of state-sponsored ethno-sectarian violence, describing such tactics as ”lies and propaganda”.
”Such videos, which have very high emotive quotient, are circulating on the Social Media. We call on all to subject such videos to the greatest scrutiny so as not to be misled. In particular, we urge the international community not to jump to any conclusion on the basis of such videos,” he said.
The Minister also appealed to the media to show greater restraint and avoid sensationalism in their reporting of the military exercise, Operation Python Dance II, in the South-east.
Mohammed added that the Nigerian media cannot afford to sit on the fence or engage in irresponsible journalism when the issue at stake is the very survival of the nation.
”The divisive and jaundiced opinions of some anarchists have been given a big play by a section of the media. This is wrong. Let me remind all of us of the role of the media, especially the radio, in the 1994 genocide in Rwanda that left about 800,000 people dead,” he added.
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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