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Senate Accuses Prominent Nigerians Of Frustrating AMCON’s N4.4 trillion Debt Recovery Efforts

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The Senate says some prominent Nigerians are “frustrating” the Asset Management Corporation of Nigeria from recovering N4.4 trillion owed the corporation.

Senator Uba Sani, Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, made this known on Friday at a stakeholders meeting.

According to Mr Sani, “From the N4.4 trillion we are trying to recover, about 350 people in this country are responsible. This is about 83 per cent of the debt.”

He said that the indebted powerful Nigerians “have been employing different strategies and tactics to stall the repayment of loans running into trillions of Naira.”

He said they were unwilling to support AMCON but frustrating the corporation because they are the same people that have taken this money from the banks.

“But unfortunately, from what is happening, AMCON is finding it very difficult because those people are highly placed Nigerians, they try to frustrate AMCON’s effort through the judiciary and that is what we are looking for,” the Senator said.

He assured the agency the committee was doing everything within its power to assist AMCON in recovering the N4.4 trillion owed the company.

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BREAKING: APC Convention To Hold February 26, Says Buni

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The All Progressives Congress (APC) Caretaker Committee Chairman Mai Mala Buni has announced February 26 as the date for the APC convention.

Buni, who is also the governor of Yobe State, said this on Tuesday at the national progressive women conference 2022 holding at the International Conference Centre (ICC) in Abuja.

He said the party is counting on the support of women to hold a successful convention.


Details later…

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House Of Reps To Reintroduce Electoral Act Amendment Bill Wednesday

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The Speaker of the House of Representatives, Hon. Femi Gbajabiamila, has disclosed that the Electoral Act Amendment Bill, which was rejected by President Muhammadu Buhari, will be reintroduced Wednesday for a rework by the lawmakers.

President Muhammadu Buhari had in December rejected the Bill, citing issues with direct primary provisions.

Gbajabiamila, in his welcome address at the resumption of plenary Tuesday while chiding the appalling argument that lack of proper membership registration of the political parties was among the reasons why the Bill should be rejected, however stated that a credible electoral law is what the people want and that is what they will get.

He also assured Nigerians that the lawmakers will prioritize action to pass the constitutional amendment bill.

Thereafter, the lawmakers went into a close door session.


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Just In: 2023: Why I Won’t Support Tinubu’s Presidential Bid, By Ojudu

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By Augustine Akhilomen

..Says Threats By Asiwaju’s Supporters Won’t Deter Him

Ahead of 2023 election, Special Adviser to President Muhammadu Buhari on Political Matters, Senator Babafemi Ojudu has come out to declared his readiness to work against the Presidential ambition of the National leader of the All Progressives Congress (APC), Bola Tinubu.

In a statement on Tuesday, Ojudu rejected the claims that anyone close to Tinubu but against his presidential bid is a traitor.

Ojodu affirmed that Tinubu remains his leader and he would forever cherish him and the contributions he made to his organisation during the fight against the military.


Recall that last week, the former Lagos State Governor publicly declared his intention to run for the Presidency after meeting with President Buhari at the Presidential Villa, Abuja.

While some persons have thrown their weight behind Tinubu, others, including some of his loyalists, have vowed to work against him.

“I have seen a statement made by me, many years ago, to celebrate the 60th birthday anniversary of Senator Bola Ahmed Tinubu making the rounds. Yes I did make that statement. And more of such will come in my autobiography. We, together, have seen good days and bad days.”

“I and Bola Tinubu have come a long way and we have been there for each other. So, let no one use my acknowledgment of his good deeds and my refusal not to support him in his bid for Nigeria presidency to portray me as a betrayer.

“Tinubu remains my leader and I will forever cherish him and the contributions he made to my Organisation during our fight against the military.

“He however knows I don’t follow the herd. I make my choices based on very rigid parameters. He will tell you I am very Independent in my actions and ways.

“As a third year university student my dad chose to be in NPN. I never considered the fact that he fed me and paid my school fees to join him in a party I despised. I went to UPN and became a youth leader.

“Tinubu will tell you that whatever and whoever Ojudu is committed to is in for 100 percent commitment. Reasons I did rather faced torture and possible death in General Sani Abacha’s detention than reveal certain things they wanted me to reveal about him.

“We were already made before meeting him and in the cause of relating we gave one another a helping hand. As far back as 1992 when I came to know him I was already one of the editors of a popular news magazine with a good standing too in the civil society. I walked out of my job when our billionaire publisher (Chief MKO Abiola) requested I and my colleagues to apologize to General Ibrahim Babangida over a story critical of the regime. That was 1992.

“When I left that job, Chief Gani Fawehinmi, a man whom I was indebted to greatly (gave me a scholarship in my school days alongside King Sunny Ade) invested in my publishing platform (The News, publisher of PM news). The same one that was consequential in the battle to bring democracy back to Nigeria.

“At the conclusion of that struggle, Chief Fawehinmi insisted we seat out politics. Senator Bola Ahmed Tinubu disagreed with this notion, and I did as well. Against an obvious choice to blind loyalty, I went along with Senator Tinubu even serving severally in critical roles as he assumed the Governorship position. My actions angered Chief Gani so much he asked that I repay his investments. Guess what? I gladly did.

“So if my principled stance against NPN, against IBB and against “siddon look” was not betrayal of my father, Chief MKO Abiola and Chief Gani Fawehinmi respectively, why would my principled stance against our leader present ambition be.?

“So, on this matter of 2023 I wish him well but I cannot in good conscience give him my support or cast my vote for him in the coming primary. It is my right. I am above 60 years of age for God sake. I almost died seeking this inalienable democratic rights, held up in detention and severally tortured. Your god is not my god.”

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