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N31bn Fraud: Buhari’s Presidency Sanctuary For Looters – PDP Alleges

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The Peoples Democratic Party has described the government of President Muhammadu Buhari as a criminal and fraud-friendly one, following the declaration of the president’s son-in-law wanted over a N31billion fraud.

Gimba Yau Kumo, a former managing director of the Federal Mortgage Bank of Nigeria, who in 2016 married Mr Buhari’s second daughter Fatima, Mr Tarry Rufus, and Mr Bola Ogunsola, were declared wanted over misappropriation and diversion of $65 million National Housing fund.

Kola Ologbodiyan, PDP’s spokesperson in a statement on Friday said, Mr Kumo’s involvement in fraud “further confirms that the Buhari Presidency is indeed a sanctuary for fraudsters, treasury looters and common criminals.”

“It speaks volumes that the Buhari Presidency had remained silent in the face of this huge fraud involving Mr President’s son in-law; a beneficiary of the primitive family patronage in the Buhari administration, only for certain members of the cabal to be reportedly mounting pressure on the ICPC to let him off the hook,” the statement read in part.

Though Mr Buhari campaigned on riding Nigerian public service of corruption, saying Nigeria must kill corruption before it kills Nigerians, his allies have been fingered in different corruption saga.

It was reported how late Isa Funta, a prominent member of Mr Buhari’s inner caucus, got nearly a billion naira from Federal Inland Revenue Service and how the current Acting EFCC Chair Abdulrasheed Bawa was involved in theft before he was tapped for the job by Mr Buhari.

In January, Transparency International in its 2020 Corruption Perceptions Index (CPI) reported that Nigeria’s ratings plunged to 149 on a categorised scale for “highly corrupt” countries — three places down from its 146th position in 2019.

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BREAKING: FG Proposes Extension Of Fuel Subsidy Removal By 18 Months, Seeks To Amend PIA

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BREAKING: NNPC Increases Petrol Price, To Sell For N170/Litre

The Federal Government is proposing to extend the period for the implementation of the removal of subsidy on Premium Motor Spirit (PMS), popularly known as petrol, by 18 months.

The Minister of State for Petroleum Resources, Mr Timipre Sylva, announced this on Tuesday while briefing State House correspondents in Abuja.

He disclosed that the government has concluded plans to approach the National Assembly to amend the Petroleum Industry Act (PIA).

“We are proposing an 18-month extension but what the National Assembly is going to approve is up to them,” the minister said. “We would approve an 18-month extension and then it is up to the National Assembly to look at it and pass the amendment as they see it.

“With assent by the President on August 16, 2021, the PMS subsidy removal was therefore expected to take place effective February 16, 2022. However, following extensive consultations with all key stakeholders within and outside the government, it has been agreed that the implementation period for the removal of the subsidy should be extended.

“This extension will give all the stakeholders time to ensure that the implementation is carried out in a manner that ensures all necessary modalities are in place to cushion the effect of the PMS subsidy removal, in line with prevailing economic realities.

“The President assures that his administration will continue to put in place all necessary measures to protect the livelihoods of all Nigerians, especially the most vulnerable.”

Sylva, who chairs the PIA Implementation Committee, stressed that the decision of the executive arm of government to seek an amendment of the law was not politically motivated.

Rather, he explained that such a move has become necessary to halt the potential suffering of the vulnerable in the society.

The minister believes other measures such as the Dangote refinery, the Port Harcourt refinery, and other modular refineries will have significantly come on stream by the end of the year.

According to him, the new PIA provides for unrestricted market pricing for PMS from the effective date.

Sylva, however, stated that the PIA also envisaged the potential for supply disruption with its resultant effect on the economy.

“Consequently, it provides for a window of six months from the effective date for the government to request the services of NNPC Limited as the supplier of last resort.

“This is to forestall supply disruptions and guide market readiness preparatory to migration to the deregulated pricing regime,” he added.

President Muhammadu Buhari, he stated, has assured Nigerians that his administration would continue to put in place all necessary measures to protect the livelihoods of the citizens, especially the most vulnerable.

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Former Lagos SSG Adenrele Adeniran-Ogunsanya Dies At 74

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Former Secretary to the Lagos State Government Princess Adenrele Adeniran-Ogunsanya has died after a brief illness.

It was learnt that Adeniran-Ogunsanya, who served as SSG under former Governor Babatunde Fashola, died on Tuesday.

She was reportedly in a comma for a few days at the Lagos State University (LASUTH) before her death.

The Ikorodu-born grassroots politician and daughter of chairman of the Nigerian People’s Party (NPN) in the Second Republic Chief Adeniran Ogunsanya was apex leader of the Lagos4Lagos movement which recently defected from the All Progressives Congress (APC) to the Peoples Democratic Party (PDP).

Her illness prevented her from attending the group’s official defection ceremony at the Tafawa Balewa Square on Saturday, January 22.

Details later…

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‘No Going Back On Our Nationwide Protest’, Says NLC Despite FG’s Suspension Of Fuel Subsidy Removal

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…As FG Proposes Extension Of Fuel Subsidy Removal By 18 Months, Seeks To Amend PIA

The Nigeria Labour Congress (NLC) has vowed to continue with its planned nationwide rally on Thursday, despite the announcement by the Federal Government that it would no longer remove the fuel subsidy for now.

NLC Deputy President, Joe Ajaero, during an interview on Channels Television breakfast programme Sunrise Daily, explained that the rally is aimed at sensitising Nigerians.

“NLC is still standing on its position,” he said on Tuesday. “The Federal Government didn’t say they have abolished it, they are postponing the evil day.

“What we are doing is sensitisation of Nigerians on this fuel subsidy removal or so-called increase in the pump price of petroleum products.”

The labour leader further explained the reasons for the sensitisation, claiming that the fuel subsidy removal was about inflicting more suffering on Nigerians.

“The NLC is sensitising Nigerians that this is not sustainable; that the idea of fuel subsidy is a hoax which they are using to inflict pains on Nigerians.

“So, our planned rally stands. On the 27th of January 2022, we rally nationwide, including the FCT,” he added.

Ajaero argued that the rally has become necessary to alert members of the NLC on perennial hike in the pump price of petrol and other refined petroleum products.

“We need to put our foot soldiers at alert on any eventual action on this issue of increase in the pump price of petroleum products from the current price to over N300 per litre,” he stressed.

The Federal Government had earlier announced the suspension of the planned removal of fuel subsidy.

The Minister of Finance, Budget and National Planning, Zainab Ahmed, had on Monday said the government had suspended the plan to remove fuel subsidy.

She explained that the government would make provisions for fuel subsidy beyond its initial June deadline in the 2022 budget.

Meanwhile, the Federal Government is proposing to extend the period for the implementation of the removal of subsidy on Premium Motor Spirit (PMS), popularly known as petrol, by 18 months.

The Minister of State for Petroleum Resources, Mr Timipre Sylva, announced this on Tuesday while briefing State House correspondents in Abuja.

He disclosed that the government has concluded plans to approach the National Assembly to amend the Petroleum Industry Act (PIA).

“We are proposing an 18-month extension but what the National Assembly is going to approve is up to them,” the minister said. “We would approve an 18-month extension and then it is up to the National Assembly to look at it and pass the amendment as they see it.

“With assent by the President on August 16, 2021, the PMS subsidy removal was therefore expected to take place effective February 16, 2022. However, following extensive consultations with all key stakeholders within and outside the government, it has been agreed that the implementation period for the removal of the subsidy should be extended.

“This extension will give all the stakeholders time to ensure that the implementation is carried out in a manner that ensures all necessary modalities are in place to cushion the effect of the PMS subsidy removal, in line with prevailing economic realities.

“The President assures that his administration will continue to put in place all necessary measures to protect the livelihoods of all Nigerians, especially the most vulnerable.”

Sylva, who chairs the PIA Implementation Committee, stressed that the decision of the executive arm of government to seek an amendment of the law was not politically motivated.

Rather, he explained that such a move has become necessary to halt the potential suffering of the vulnerable in the society.

The minister believes other measures such as the Dangote refinery, the Port Harcourt refinery, and other modular refineries will have significantly come on stream by the end of the year.

According to him, the new PIA provides for unrestricted market pricing for PMS from the effective date.

Sylva, however, stated that the PIA also envisaged the potential for supply disruption with its resultant effect on the economy.

“Consequently, it provides for a window of six months from the effective date for the government to request the services of NNPC Limited as the supplier of last resort.

“This is to forestall supply disruptions and guide market readiness preparatory to migration to the deregulated pricing regime,” he added.

President Muhammadu Buhari, he stated, has assured Nigerians that his administration would continue to put in place all necessary measures to protect the livelihoods of the citizens, especially the most vulnerable.

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