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55 South-South members-elect endorse Abbas/Kalu for speakership

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Tajudeen Abbas, Orji Kalu

55 South-South members-elect endorse Abbas/Kalu for speakership

All 55 members-elect of the House of Representatives from the South-South geopolitical zone have endorsed Rep. Tajudeen Abbas to emerge as speaker of the 10th Assembly.

In a statement by the Abba Campaign Team on Monday, the members-elect also endorsed Rep. Benjamin Kalu as Deputy Speaker in the June 13 elections.

The statement said that the endorsement had brought the number of incoming lawmakers backing the ticket to over 290.

Addressing the candidates and their team, Rep. Unyime Idem, a member-elect from Akwa Ibom, stated that it had come to a point where the South-South caucus must key into the vision and agenda of the Abbas/Kalu ticket.

Idem, a Co-ordinator in the Abbas Campaign Team, said that the Abbas/Kalu ticket had been vigorously promoted by the Joint Task 10th Assembly Coalition.

Idem expressed gratitude to his colleagues from the South South for trusting him with the task of conveying their decision to the Joint Task.

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“I consider it a great privilege welcoming our incoming Speaker and Deputy by the grace of God. As a coordinator, it gives me pleasure to announce that we have 55 members of the South-South caucus who have penned their signatures in support of the joint ticket.

“I therefore want to assure you that we will have the whole 55 as they are going to appear in the chamber on Tuesday to give you 55 votes from the South-South geopolitical zone,” Idem said.

In response to the announcement, the co-Chairman of the Joint Task – 10th Assembly, Rep. Usman Kumo (APC-Gombe), thanked Idem for his leadership so far in the course of the campaign.

According to him, “55-over-55 is something we are not surprised, given the level of support we have enjoyed from key members of the caucus.

“As I stand before you, raised by destiny and privilege to steer this ship, I have my elder brothers with me, particularly from the South-South, such as Rep. Kingsley Chinda.

“I want to say that the zone has paid its due and what is remaining now is for Abbas and Kalu to reciprocate at the end of the day.

“And I want to assure you that by the character of the incoming Speaker and his Deputy, you will not be disappointed.”

Also, Kalu expressed gratitude to the caucus for believing in the initiative to institutionalise a legislature anchored on the principles of equity and inclusiveness.

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Kalu said the campaign, which started like a ‘mustard seed’, had germinated and grown to a level of acceptance and support from members-elect across the country.

“I stand here also as part of the South and I said to myself that getting the endorsements of the South-East and South-West was not going to be complete for me without having the South-South.

“I thank God, the South-South has completed the circle by adopting us and we are so very grateful.

“I want to appreciate you for coming in your numbers and you have also invested in this project, invested money-wise even when some people did not believe in us then.

“Many notable South-South lawmakers have shown great interest and commitment with some appearing on television to shout to the world about this project and today we are witnessing the result of that effort,” Kalu said.

Kalu, the former spokesperson for the House, said speakership aspirant Abbas was hardworking, detribalised and transparent.

Kalu said that it was Abbas’ sterling qualities that inspired lawmakers, including the Speaker of the 9th Assembly, Rep. Femi Gbajabiamila, to lobby for him to become the next speaker.

Kalu said he and Abbas acknowledged the pivotal role colleagues from the South-South have played in bringing about the idea behind his speakership ambition.

He thanked the members-elect for their support and assured that he would not take their generousity and solidarity for granted.

55 South-South members-elect endorse Abbas/Kalu for speakership

(NAN)

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Yahaya Bello govt spending third term in office through Ododo – Clark

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Yahaya Bello, Chief Edwin Clark

Yahaya Bello govt spending third term in office through Ododo – Clark

Elder statesman, Chief Edwin Clark, says the former Kogi State Governor, Yahaya Bello, administration was nothing to write home about.

This is even as he asked the embattled former governor to surrender himself to the authorities.

Bello has been in the news for days on end over money laundering and financial impropriety.

He was declared wanted after he evaded the economic and financial crimes commission (EFCC) who had stormed his Abuja residence to apprehend him.

Speaking on Bello’s time as the governor of the middle belt state, Clark, who is the leader of the Pan Niger Delta Forum, PANDEF, stated that state sponsored violence, corruption, civilian repression and political killings were rife when Bello was in office.

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Clark also pointed out that Bello is still running the show in Kogi state as he is currently spending third term in power through the incumbent governor, Ododo, who he planted in office.

“Yahaya Bello is just being stubborn. He has been living very very rough…having a very rough government, corruption, killing of people in the place during elections and so on,” Clark said during an interview on Arise TV on Thursday.

“There’s time for everything and it has come for him to answer questions. He should go to court. He should go to court to answer the substance of the case, where did he get the money from?

“Is it true or not that the money he paid to the American school belongs to him or belongs to the government of Kogi State?

“The behaviour of the new Governor shows Yahaya Bello is in power for the third time. Ahmed Ododo is just running after him.

“I just want to plead with Ododo to do the needful so that the youth in this country will have something to fall upon.”

Yahaya Bello govt spending third term in office through Ododo – Clark

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‘Unfounded accusation’ – Obi slams Umahi over instigation of Igbo against Tinubu claim

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David Umahi, Peter Obi

‘Unfounded accusation’ – Obi slams Umahi over instigation of Igbo against Tinubu claim

Labour Party presidential candidate in the 2023 general elections, Peter Obi, says he is not in the business of whipping up ethnic sentiments or amplifying Nigeria’s fault lines to gain socio-political mileage.

Obi said this reaction to comment made by the Minister of Works, David Umahi, at an event on Wednesday on the Lagos-Calabar road project.

Obi has been vocal in his criticism of the road project, calling it a misplaced priority as it is not what Nigeria needs at a time of lean resources and plethora of challenges begging for drastic solution.

Umahi while speaking at the event said Obi’s position on the Lagos-Calabar coastal road project amounted to pitting Nigerians of Eastern extraction, who are majorly Igbos, against the government of President Bola Tinubu.

He also accused Obi of demolishing property without compensating those affected when he was Anambra governor, Obi was inciting South Easterners against the government

“When His Excellency Peter Obi was the governor. He made a statement saying, “Any infrastructure that stands in the way of the road must go. And there would be no compensation paid.” That’s what he said,” Umahi said.

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“And I think he’s inciting some of the South-East people that are not well informed. He is inciting them. And gets them into trouble,” he added

Reacting to Umahi’s allegation of divisiveness and sedition in a statement on Wednesday, Obi opined that he is a preacher of peace and advocate of unity who always wants what is best for the country.

Obi, who described criticisms that he is inciting Igbo against Tinubu’s government as baseless, stated that he won’t wallow in the murky water of divisive ethnic politics like many of his contemporaries and opponents do.

He stated, “My focus is on fostering constructive dialogue and inclusivity, rather than engaging in divisive politics, Claims of incitement are baseless distractions. I have always advocated unity and advancement, refusing to partake in reactionary divisive politics.

“I refuse to be reduced to the level of those who wallow in ethnic politics. Worse still, I have never and can never descend so low as to base my political aspirations on any sectional or ethnic interest.”

The former Anambra governor also said there were no comparisons between the demolition he did when he was governor and what the Tinubu-led government was currently doing.

‘Unfounded accusation’ – Obi slams Umahi over instigation of Igbo against Tinubu claim

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NDIC jacks up deposit insurance cover from N500,000 to N5m

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NDIC jacks up deposit insurance cover from N500,000 to N5m

The Nigeria Deposit Insurance Corporation (NDIC) has announced a significant increase in the maximum deposit insurance coverage levels for Deposit Money Banks (DMBs) and other financial institutions, effective immediately.

During a press conference in Abuja on Thursday, NDIC Managing Director Bello Hassan disclosed, “For Deposit Money Banks, the increase of the maximum deposit insurance coverage from N500,000 to N5,000,000, would provide full coverage of 98.98% of the total depositors compared with the current cover of 89.20%. In terms of the value of deposit covered, the revised coverage would increase the value of deposits covered by deposit insurance to 25.37% compared with the current cover of 6.31% of the total value of deposits.”

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Hassan further explained, “The increase of the maximum deposit insurance coverage for primary mortgage banks from N500,000 to N2,000,000 would provide full coverage of 99.99% of the total number of depositors and would increase the value of deposits covered by deposit insurance to 43.10% of the total value deposits from the current cover of 40.60%.”

Additionally, Hassan noted, “The increase of the maximum deposit insurance coverage for subscribers of Mobile Money Operators from N500,000 to N5,000,000 per subscriber.”

NDIC jacks up deposit insurance cover from N500,000 to N5m

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