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Sagay slams APC leaders, says they are ‘lily-livered, weak and unprincipled’
Itse Sagay, chairman of the presidential advisory committee against corruption (PACAC), has described the leadership of the All Progressives Congress (APC) as “weak, unprincipled and lily-livered”.
Sagay issued the criticism in reaction to the APC leadership’s warning that he should desist from creating more enemies for President Muhammadu Buhari.
In an interview with The Nation, Sagay said he will continue to speak out except Buhari tells him otherwise.
“Yes, he is my employer. If he tells me to stop talking, I’ll stop talking. But I have certain rights too that I can exercise in addition to that, because I’m not going to be in a position where I am impotent,” he said.
“So, I must obey him, but I can go beyond that and obey myself too. That’s it.
“As for the leadership of the APC, I think they are the most unprincipled group of people. They are lily-livered, weak, and cannot run any organisation.”
“The whole party is collapsing under them. They cannot control anybody. Because they cannot control anybody, they’re now in fact encouraging and accepting ‘rogues’. When I say rogues, I don’t mean stealing. In literature, when you say someone is a rogue elephant, it means people who are running riot and destroying the party.
“They’re pampering them, saying: ‘Let’s not annoy them too much’, but they’re destroying the APC house. So, I think the APC leadership is weak, is too compromising and is certainly a failure as far as I’m concerned.”
Sagay, who is often critical of the national assembly, accused the nation’s lawmakers of “sucking dry the blood” of less privileged Nigerians with the huge amount of salary and allowances they receive.
He had recently alleged that a Nigerian senator gets N29 million in monthly pay, saying they should not be addressed as “distinguished” because they lack “honour, vision, and integrity”.
Sagay said his disclosure was a tip of the iceberg, adding that hundreds of millions earned as “extra” remain unknown.
“We’re going to do further thorough research on this matter, and we’re still going to come out with figures. If you recall, the former governor of Central Bank said they were consuming virtually one quarter, 25 per cent of our budget. They didn’t deny it,” he said.
“If you look at the allowances, Nigerians need to ask themselves questions. Should we be the ones clothing senators? Should my tax be used in hanging Agbada on a senator? The press has not taken it up, but this is serious.
“How many times have government provided clothes for you, and yet you’re clothed? But these men who are overpaid, who are absorbing the largest share of our resources are still asking us to clothe them, as if they arrived in Abuja naked. It’s not acceptable.
“What about the man who is earning N18,000 a month, who’s carrying machinery, working in a factory, cutting grass on the road, cleaning the roads, sweating with hard labour. Nobody is paying them hardship allowance.
“They’re claiming utility allowance. In other words, if we don’t give them money, they don’t have cutlery, tablecloth, plates and saucepans. We have to provide those for them. The list goes on.
“It is criminal. It is unconscionable. It is wicked for people who are so highly privileged, who are the wealthiest people in the country to still be sucking our blood dry by collecting these things which they don’t need and depriving others of them.”
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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