How Fulani rulers are seen to be manipulating North to rule Nigeria – APC chieftain, Akande - Mega Icon Magazine
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How Fulani rulers are seen to be manipulating North to rule Nigeria – APC chieftain, Akande

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A former National Chairman of the All Progressives Congress, APC, Chief Bisi Akande, has stated that minority Fulani rulers are being perceived to be manipulating the North to rule Nigeria since independence.

He said that people understood minority Fulani rulers to be manipulating the North to rule Nigeria through “Islamic emirate system since two centuries ago.”

Akande said this while delivering a paper titled “Devolution of Powers and National Restructuring” over the weekend at the APC-USA Second Annual Convention in Washington DC.

The former Governor of Osun State also said restructuring was a herculean task for all Nigerians.

According to Akande: “The North is a largely Hausa-speaking people traditionally mix-bred and assimilated with and governed by minority Fulani rulers through Islamic emirate system since two centuries ago.

” The North has been amalgamated with the South in-law and in fact since a century ago. And, presumably, the Fulani has been perceived to be manipulating the North to rule Nigeria since independence.

“Even if one does not like the minority Fulani rulers of the North for being hegemonic in characteristics, can one separate them from the original majority Hausa-speaking people of the same North?

“Unless one was ready for another civil war, could one ostracise the whole North in the political considerations of the country.”

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Akande said it was within that “context that some of them who were not ready to wait for another civil war to effect a geo-political restructuring of the country decided to go ahead with the APC arrangement, while our opponents are left behind to assume a loud coarse noise on mere sloganeering-restructuring- without any clear definition or a peaceful workable strategy.”

The former APC chairman also said “constitutional amendments or not, Nigerians have begun to see themselves as belonging to geo-political zones-North-western, North-eastern, North-central, South-western, South-eastern and South-southern zones.”

Akande insisted that the “South-west, on its own, had moved further to create a Development Agenda Commission for Western Nigeria, DAWN Commission, to conduct research to generate pieces of advisory information for the benefit of the each of the South-western state governments on integrated development programmes.”

He stressed that as a “first step, the people of these South-western states are trying to key into the APC to back up the possibility of their governments to speak with one political voice, using one manifesto under one political party.”

The APC chieftain recommended this initiative to other geo-political zones, saying it was an “experiment worthy of encouragement and emulation for the strengthening of a federal political attitude towards physical and social development within each zone.”

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Okonjo-Iweala: My Father Died Same Way He Lived

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“He died in Lagos soon after he arrived from a trip to the United States of America and Ghana. We are immensely grateful that his last moments were peaceful and that he died the same way he lived his life – with quiet dignity.”
by saharaReporters, New York Sep 14, 2019

The father of former Minister of Finance, Dr. Ngozi Okonjo-Iweala, Prof. Chukwuka Okonjo is dead. The former minister through her spokesperson, Paul Nwabuikwu, in a statement yesterday announced the death.

Okonjo-Iweala, in the statement, said his father died in Lagos soon after he arrived from a trip to the United States and Ghana.

“He died in Lagos soon after he arrived from a trip to the United States of America and Ghana. We are immensely grateful that his last moments were peaceful and that he died the same way he lived his life – with quiet dignity.

“Daddy was an accomplished man on so many levels – a highly respected academic, international public servant, university administrator, intellectual and traditional ruler. My father touched so many lives personally and professionally,” she said.

The former World Bank Chief added: “It is a tribute to the kind of life that Daddy lived that on his 90th birthday last year, a delegation of old students of Ibadan Boys High School presented him with a letter of commendation written in 1953 in which a colonial education administrator praised him highly for the all-round improvements he achieved in the school within a short period of time. He was only 25 then.

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“Daddy was a passionate intellectual and prolific writer whose last book was published at the age of 90. He touched so many lives personally and professionally and was an unrelenting believer and practitioner in the power of education to transform lives.

“In pursuit of this commitment, Daddy sponsored the education of at least 19 students up to university level in addition to his own seven children. He inspired and motivated so many more.

“Having witnessed the ravages of war, he was committed to unity and peaceful coexistence of all. From his marriage of 66 years to our mother, Prof. Kamene Okonjo to his dedication to duty, he was exceptional.”

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AfDB launches US$ 2 billion 1.625% Global Benchmark due 16 September 2022

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The African Development Bank (AfDB) rated Aaa/AAA/AAA (Moody’s/S&P/Fitch, all stable), has launched and priced a US$ 2 billion 3-year Global Benchmark bond due 16 September 2022, its first US$ benchmark of the year.

Launched on September 11, the bond issue is the Bank’s second Global Benchmark of 2019, following a EUR 1 billion 10-year priced in March 2019. With this transaction, the Bank has now raised US$ 4.4 billion in 2019 to date and executed 61% of its borrowing program for the year. The transaction received strong support from investors globally, with order books reaching US$ 2.8 billion and 53 investors participating. The high quality of the order book is illustrated by the strong participation of Central Banks and Official Institutions, taking 64% of the allocations.

The African Development Bank decided to take advantage of favorable investor sentiment post summer break to access the 3-year tenor, in spite of volatile market conditions ahead of the Fed Meeting the following week. The mandate was announced on Tuesday, September 10, at 12:00 London time with Initial Pricing Thoughts of Mid-Swaps + 13 basis points (bps) area.

The transaction met strong interest from the outset, with Indications of Interest in excess of US$ 1.8 billion (excluding Joint-Lead Managers interest) when order books officially opened at 08:00 London time the following morning, with initial price guidance of Mid-Swaps + 13bps area.

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Momentum continued throughout the European morning, with orders in excess of US$ 2.5 billion around 11:20 London time. At this time, final pricing was set at Mid-Swaps + 13bps. Following the close of the order book in the US, the size of the transaction was set at US$ 2 billion by 14:20 London time.

The transaction was priced at 16:24 London time with a re-offer yield of 1.679%, equivalent to a spread of 8.75bps vs UST 1.5% 15 September 2022, the issuer’s tightest print vs US Treasuries to date.

“We are delighted with this successful dollar Global Benchmark, and particularly pleased by both the very high quality of the order book and the solid participation of African Central Banks. The African Development Bank achieved its tightest ever spread to US Treasuries, and we are grateful to our investors across the world for this outcome, and the financing it will bring to the African continent”. Hassatou Diop N’Sele, Group Treasurer, African Development Bank

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Niger: IDPs reject government’s relief materials

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The Internally Displaced Persons (IDPs) in Niger State housed in some temporary camps have rejected relief materials donated to them by the state government.

The displaced persons said the government has handled their plight with levity.

They insisted on getting a permanent solution to the incessant security challenges in their communities.

Over 5,000 persons are currently taking shelter in five camps provided by the state government after bandits attacked several communities including Rafa and Shiroro.

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