Politics
I inherited over N100bn debt, N400m cash from Obiano –Soludo

Governor of Anambra State, Prof. Chukwuma Soludo, yesterday, said he inherited a debt of over N100 billion and cash of about N300 or N400 million from his predecessor, Chief Willie Obiano.
The revelation came after Obiano was arrested for alleged corruption by the Economic and Financial Crimes (EFCC) at the Murtala Muhammed International Airport, Lagos, on his way to Houston, Texas, US, last Thursday after handing over.
Soludo, who spoke on Arise Television programme, said he inherited a state whose financial position was “not quite robust” but promised to run a transparent accounting system.
“In fact, let’s not talk about it. Our treasury is funny. I hope we shall make money henceforth to help us fulfil our promises for infrastructure and development of the state… But in terms of what I met in our coffers, my brother, it’s pathetic. Please let us not go there. God will help us…
“First, in terms of finances, there is an audited account of Anambra as at December 31, 2021 which is a public document which anyone can access. Between the audited accounts as at the end of the year 2021, everyone knows that the state finances are not quite robust. In terms of debt, it is in the range of over N100 billion and then cash at which the state has is N300 or N400 million, but we are still going to have all the reconciliations and all the accounts from January to the date we had the handover.
“Anambra State intends to have a transparent public finance management where we are going to publish our accounts so that everyone will have a knowledge of what is there and what is missing and what funds have been used for.”
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On insecurity, the former Central Bank of Nigeria (CBN) governor said there were ongoing discussions with the Indigenous People of Biafra (IPOB) and other stakeholders on how to tackle the menace and also end the sit-at-home order on Mondays.
“After the swearing in, I went into the office straight away and a few minutes after that I started the security council meeting of the state which lasted more than three hours. The conversations about that are still ongoing and I believe that we will get to crack it and the sit at home thing will definitely end.
“We are in discussions with the stakeholders, IPOB and everyone else and it is the people’s power that will prevail at the end of the day. The poor innocent artisans like keke driver, traders are suffering, but for the elite, they can afford to watch TV and so the state is losing out as its people are impoverishing. We are determined to restore law and order.”
Soludo in his inaugural speech last week Thursday in Awka had lamented the economic losses incurred by the South East states each day a sit-at-home is observed.
“Every day, there is a sit at home these poor masses lose an estimated N19.6 billion in Anambra alone. Due to the protracted breakdown of law and order, businesses are relocating outside Igboland, with growing unemployment, and traders who used to come to shop in Onitsha, Aba etc are going elsewhere. Who is losing? By forcing our children—the future of Igboland—to stay at home instead of being in school, while even the critically sick people (including pregnant women) cannot go to hospital, we harm our future,” he said.
Politics
Atiku says he’s not sure about contesting 2027 presidential election

Atiku says he’s not sure about contesting 2027 presidential election
Former Vice President Atiku Abubakar has said that he does not know if he will contest the presidency in 2027.
Atiku made the remark in a yet-to-be-aired interview for a television show, Untold Stories, with Adesuwa Giwa-Osagie, scheduled for broadcast today but exclusively obtained by Daily Trust.
The former presidential candidate of the Peoples Democratic Party (PDP) recently announced the formation of a coalition of opposition leaders to wrest power from President Bola Ahmed Tinubu in 2027.
However, there has been widespread speculation about who will lead the coalition and emerge as its presidential candidate, with former Labour Party presidential candidate, Peter Obi and former Kaduna State governor, Nasir El-Rufai, being considered among its key figures.
When asked if he would be running for the presidency in 2027, Atiku said: “I don’t know because there has to be, first of all, a viable platform, more than any other time in the political history of this country, particularly since the return of democracy.”
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Atiku, who has run for the presidency a record six times, did not rule out the possibility of contesting again in 2027.
“I have not seen Nigeria in dire need of, you know, an experienced and credible leadership than this time.
“We had a similar, you know, what would I say, merger in 2014. About four of us or is it three? We all ran for president and one of us emerged, and we all supported the one who emerged, and he won,” he said.
He agreed with former President Olusegun Obasanjo’s assertion that Nigeria’s democracy is deteriorating, saying the situation is “very dire.”
“No doubt about that,” he said.
Atiku also expressed his disappointment with the country’s political leadership.
“The next generation after me, many of them had been governors, had been senators. Instead of me to see an improvement in the level of governance at the state level and so on and so forth, I don’t see it. So I feel a little bit distressed.”
Atiku also questioned the credibility of the current legislative leadership, especially as it relates to the National Assembly’s ratification of the state of emergency in Rivers State
“I am not surprised,” he said, alleging that they are corrupt.
Atiku says he’s not sure about contesting 2027 presidential election
Politics
Africa’s democracy is govt by small for small number of people – Obasanjo

Africa’s democracy is govt by small for small number of people – Obasanjo
Former President Olusegun Obasanjo has advanced reasons for what he called abysmal failure of democracy in Africa.
According to him, African presidents work with a clique and wield enormous powers with little or no resistance from perpetuating illegalities and abuse of office.
The ex-President said the democracy being practised in Africa does not aligned with the people’s values, culture, and way of life.
Obasanjo said spoke on Monday at a colloquium in Abuja to mark the 60th birthday of Emeka Ihedioha, a former governor of Imo State.
The former Nigerian leader, who chaired the event, referencing Abraham Lincoln’s definition of democracy as “government of the people, by the people, for the people,” said the system should work for all citizens rather than a privileged few.
He however wondered if African countries are practising true democracy or only adopting Western Liberal democracy.
He said, “If you are talking about democracy failing in Africa, democracy in Africa has failed. And why has it failed?
“Because in context and in content, it is not Africa. It does not have any aspect of our culture, our way of life, what we stand for, what we believe.
“Today, we have democracy, which is the government of a small number of people, by a small number of people over a large number of people who are deprived of what they need to have in life. That is not democracy that will endure.
“It is ‘I am because I can grab.’ What sort of democracy brings you, and you grab everything and then illegally, corruptly, and you say go to court? When you know that even in the court, you cannot get justice.
“It’s not that democracy is failing, democracy is dying and if we are going to make democracy not to die, we have to look at democracy in the context and in the content of Africa. I hope that we will get to that stage so that democracy which will deliver will be the democracy that we will have in Africa.”
Obasanjo was Nigeria’s military ruler from 1976 to 1979 and democratically elected president from 1999 to 2007.
Politics
Atiku, Obi, El-Rufai’s coalition can’t unseat Tinubu – Shekarau

Atiku, Obi, El-Rufai’s coalition can’t unseat Tinubu – Shekarau
Former Kano State Governor, Ibrahim Shekarau, has cast doubt on the ability of a newly formed opposition coalition to unseat President Bola Tinubu and the ruling All Progressives Congress (APC) in the 2027 elections.
Shekarau described the alliance, which includes former Vice President Atiku Abubakar, Labour Party’s 2023 presidential candidate Peter Obi, and ex-Kaduna State Governor Nasir El-Rufai, as a gathering of individuals with personal political ambitions rather than a structured and unified opposition front.
His remarks came just two days after the coalition’s formation was announced, with the stated goal of challenging Tinubu’s administration.
In a statement by his spokesperson, Dr. Sule Yau, Shekarau remarked, “This is just a gathering of certain individuals with political ambitions; none of them has officially consulted their party leadership.”
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He further argued that a coalition featuring prominent figures does not necessarily equate to an effective political alliance.
“The coalition of opposition figures is a good development, as seen in their recent meeting under what they call an opposition alliance. However, none of the key figures involved represents their party leadership,” Shekarau stated.
Emphasizing the legal framework for political mergers, he pointed out that only registered parties could formally unite, making the recent gathering an informal arrangement rather than an officially recognized coalition.
Atiku, Obi, El-Rufai’s coalition can’t unseat Tinubu – Shekarau
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