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FG reacts to Obasanjo’s claim of Buhari plotting to kill him

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The Nigerian government has reacted to allegation by former President Olusegun Obasanjo that the President Muhammadu Buhari administration was plotting his arrest on false charges.

Obasanjo on Friday claimed that Buhari’s government was planning to frame him and consequently kill him.

Reacting, the Minister of Information and Culture, Lai Mohammed said the Buhari Administration will not be distracted by “frivolous allegations from any quarter, especially those cleverly choreographed to divert attention from a widely-acclaimed presidential proclamation and to shore up support for a waning and egotistical cause”.

Mohammed in a statement released in Lagos said the administration was “too busy trying to clear the mess of 16 years and build on its unprecedented achievements over the past three years to waste its energy and time on framing up anyone or dwelling on issues that are not grounded in fact”.

The statement read in part “those who have skeletons in their wardrobes should be afraid, even of their own shadows, innocent persons need not worry about any investigation, whether real or imagined.

”This administration will never engage in a frame-up of innocent citizens. That is neither in the character of President Muhammadu Buhari nor in that of his administration. Only the guilty should be worried. To paraphrase an African proverb, a man who has no wife cannot lose an inlaw to the cold hands of death.

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”The administration is also strongly committed to the tenets of democracy, including freedom of speech and the right to dissent. But we understand that those who, in their time, were untethered to those principles would find it hard to believe.

“We are curious that the frame-up and witch-hunt allegations came a day after a major presidential proclamation reversing some past acts of injustice was made, to the relief and acclamation of a long-expectant nation.

”Apparently, the impact of this proclamation was too much to bear by those who, through acts of omission or commission, helped to deepen the wounds inflicted by the blow of injustice that followed an election that was widely acclaimed to be free, fair and credible, hence they felt the need for a red herring that will distract the nation.

”Added to that is the frustration brought about by the fact that the contraption they have so much hyped as a freeway to power has failed to gain traction. Faced with this double tragedy, even the strongest of men may begin to succumb to a figment of their imagination. They may start crying wolf where there is none.

“unprecedented achievements of the Buhari Administration are also enough to cause sleepless nights, with the attendant symptoms that include phantasm, for those who had better opportunities to make the country great but floundered on the altar of narcissism”.

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Ex-NCC Chair, Akande extols Senator Sarafadeen Ali on his 61st birthday

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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.”

 

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Labour union protests Heritage Bank’s dismissal of 1,000 workers

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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.

 

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Nigeria not using foreign reserves to defend naira, says CBN governor

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CBN governor

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.

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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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