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BREAKING: Former Speaker, N’abba dumps APC, gives reasons
Former Speaker of the House of Representatives, Ghali N’abba, has dumped the All Progressives Congress (APC).
N’Abba announced his decision in a resignation letter released Thursday night.
The former Speaker hinged his reason on what he termed ‘”the cavalier manner in which both the Federal Government, States controlled by the APC and the APC itself are being run.”
His resignation letter reads.
“This is to notify you of my resolve to resign from the All Progressives Congress (APC), effective today 5th December 2018,” he wrote.
“My decision to resign from the party follows the cavalier manner in which both the Federal Government, States controlled by the APC and the APC itself are being run, as a result of which anybody who has eyes to see only sees doom and not prosperity for our dear country.”
He also noted that APC administration is characterised by “lack of consultation, crass incompetence, lack of vision, arrogance, and dangerous fixation.”
“It is a measure of the incompetence of the APC government that after all is said and done, it has lost a Senate President and a Speaker of the House Of Representatives and many others for reasons that border on meanness, lack of simple management skills and capacities and a great measure of arrogance.”
“It is also a measure of the incompetence of the party that there is almost no state in the Federation where there is no conflict .”
“While it is generally accepted that no human organisation can be rancour-free, it is disheartening that these conflicts in the party are inflicted by its leaders, some of whom can be said to be poorer in human qualities than the poorest of men.”
He also alleged that some state governors had hijacked the party, doing whatever they liked.
“In their endeavour to perpetuate themselves on the system, they not only snatched away the political rights of the people but also blocked all avenues with which and within which they would be held to account.”
“Because under these conditions no person can be politically mobile except he becomes a sycophant, it becomes necessary for me to speak up.”
“This I did many times, unfortunately only to be met with complicit silence.”
He also attacked President Muhammadu Buhari, describing him as a “president under whose watch all these negative traits are recurring.”
“He instead prefers to give the country a lethargic and insular leadership informed by grudges, hatred and a general lack of understanding of what democracy and compassion are all about.
“All these masqueraded as war on corruption.”
Although, the former Speaker did not state the party he is defecting to, he is expected to join the main opposition party, PDP.
Former Chairman of the Nigerian Communications Commission (NCC), Prof. Adeolu Akande, has extended warm felicitations to Barrister Sarafadeen Ali, the Senator representing Oyo South Senatorial district, on the occasion of his 61st birthday.
In a statement released on Saturday in Ibadan, the Oyo state capital, on Saturday, Akande lauded the lawmaker, describing him as a luminary whose life has been marked by distinguished service to the nation.
“Today, I join the world in celebrating you on your special day, as you mark 61 years of God’s abundant love and glorious impact on humanity,” the former NCC gaffer expressed.
He added, “I wish you many more years of God’s grace in your life.”
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.”
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