Wike vows not to leave PDP for Damagum, vampires – Newstrends
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Wike vows not to leave PDP for Damagum, vampires

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Federal Capital Territory Minister, Nyesom Wike

Wike vows not to leave PDP for Damagum, vampires

The battle for the soul of the Peoples Democratic Party (PDP) deepened yesterday as acting national chairman, Ambassador Illiya Damagum, and minister of the Federal Capital Territory (FCT) Nyesom Wike declared they would not be kicked out of the party.

While Damagum said he would not be intimidated to vacate his office, Wike said he did not back down from a fight.

The minister added that only through a national convention will a substantive national chairman emerge to replace Damagum, stressing that any move to appoint a chairman would escalate the crisis.
Damagum spoke while inaugurating the party’s disciplinary and reconciliation committees headed by Chief Tom Ikimi and Olagunsoye Onyinlola, respectively.

On the other hand, Wike made his stance known during a live interview with some broadcast stations in Abuja.

Both PDP leaders have recently come under attack over the party crisis, especially in Rivers State.
On Wednesday, elder statesman and Niger Delta leader, Chief Edwin Clark, wrote to Damagum seeking Wike’s expulsion from the party over anti-party activities about the crisis rocking Rivers State.

Although some North Central stakeholders have clamoured for Damagum to vacate office on the grounds of retaining the party’s zoning arrangement, former national publicity secretary of PDP Kola Ologbondiyan, on Tuesday, called on other members of the PDP National Working Committee (NWC) to move for the removal of Damagum and the national secretary, Senator Samuel Anyanwu for breaching the party’s constitution.

Ologbondiyan said Damagum and Anyanwu’s letter to the Appeal Court in Rivers State, insisting that the party would remain on an appeal over the embattled 27 lawmakers in Rivers State, contrary to the position of the party’s legal adviser, Mr Ajibade, SAN, breached Section 42 (1) of the party’s constitution which empowered the legal adviser to nominate legal representation for the party.

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He also accused the party leadership of altering results from the recent PDP congresses.

Earlier, opposition federal lawmakers, led by Rep. Ikenga Ugochinyere, had claimed that Damagun and Anyanwu’s letter to the court was part of a ploy to harm PDP’s interest and possibly pave the way for the removal of Governor Siminalayi Fubara-led Rivers government.

This round of tussle comes ahead of the State congresses this weekend before the much anticipated National Executive Committee (NEC) meeting next month.

But speaking yesterday while inaugurating the PDP committees at the national secretariat in Abuja, the acting national chairman, Damagum, said he would not be intimidated out of office.

Reacting to those calling for his exit, Damagum said, “My door has always been open. So, nobody is going to intimidate me into abdicating my responsibility.

“You can say all sorts of things. I know this is a buildup to the next election,” he said, adding that those asking him to go had made him famous.

“Honestly speaking, I’ve started contemplating throwing myself into the ring and vying for the presidency of this country. I’m not deterred because I’ve become popular, even though the negative publicity is meant to bring me down.”

Damagum explains signing Letter To Appeal Court Over 27 Lawmakers

On the signing of the controversial letter to the Appeal Court on the case involving the embattled 27 lawmakers in Rivers State, he admitted that it was contrary to the position of the party’s legal adviser, Mr Ajibade, SAN.

Damagum, who said there was a precedent for what he did, stated that he and the party’s secretary are the signatories of PDP and stressed that he didn’t decide without consulting his team members.

“I also want to use this opportunity to clear certain insinuations that have been trending on social media. Last I checked, the signatories of this party are the chairman and the secretary.

“Just because the chairman and secretary signed a letter, it has become an issue. People are making all sorts of insinuations about it. I don’t want to engage with the other person—it’s a distraction.

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“But it pains me when I see someone who knows the workings of the NWC going on television to mislead the audience and say things that are not correct. It is painful; very, very painful.

“There is precedent for what we did. During Kashamu’s case, the chairman and secretary brought it to the Supreme Court. There was also the issue of Anambra.

“Two issues arose. The chairman and secretary, in any situation, work as a team. I don’t make decisions without consulting my members,” he said.

Addressing the committee, Damagum, who said they were chosen because of their experience, said, “This inauguration represents a bold step towards addressing the challenges that have divided us and hindered our well-being.

“We are all aware of the fallout of the primaries and the resultant effect it had on the outcome of the general elections across all states.

“The actions and inactions of some party members resulted in the current state of our party. This party has suffered much damage, resulting in the loss of the 2015, 2019, and 2023 general elections. However, the resilience of the party faithful has kept the party going and is still a party to beat in the country.”

He stressed the need to create a safe space for open dialogue and the active participation of all party faithful, promoting forgiveness, healing, and understanding among stakeholders.

He said there is a need to ensure higher standards of integrity, accountability, justice, fairness, and inclusivity must remain paramount, as they align with the party’s values.

Replying to Clark on his interventions on PDP, Damagum said, “I thought that when you reach that age, God has given you the opportunity and wisdom to be a father to all, not to engage in public arguments. He has all it takes to do the needful, not by taking a sentimental approach to the situation. I was not raised to disrespect elders, so I don’t intend to dwell on this further.”

Speaking at the event earlier, chairman of the Board of Trustees (BoT) of PDP, Senator Adolphus Wabara, charged the committees to “function without fear or favour, no matter whose ox is gored, and as much as our Constitution, the Constitution of this great party, guides whatever decisions or actions you will take.”

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He said if they fail, Nigeria will become a one-party state

Chairman of the disciplinary committee, High Chief Tom Ikimi, said discipline is a requirement for efficiency in any organisation, including political parties, adding that gross indiscipline has caused the party electoral misfortune for some time.

“We are ready to prosecute allegations against any members indicted and recommend disciplinary measures”.

On his part, the chairman of the reconciliation committee, Prince Olagunsoye Oyinlola, said the assignment is an opportunity to reflect on a shared goal as a political party.

I Will Fight To The End In PDP – Wike

Yesterday, the FCT minister, Wike, said he would not leave the PDP, vowing to fight till the end.

Wike, who made this known during a media chat yesterday with selected news broadcast stations in Abuja to mark his one year in office, said, “I have told you that I do not run away from any fight. I will stay there, and we will fight it out in the PDP. Who am I going to run from? The vampires?”

The minister, while responding to statements that he is seen as the fifth columnist in the PDP who wants to bring down the house, said that as a PDP member, he did not support the party’s presidential candidate and did not do it secretly.

“All those people saying those things, did they bring one member that won the election? The PDP did not win. I stood my ground based on the principle that if this is not done, we will not accept that,” he said.

Also, responding to the crisis, he said it may not be resolved in this election circle, except by convention and court, saying that the crisis was because some people are greedy.

“What I am saying, which we cannot take away from, is let us follow the law; even if you hate this man, obey the law. What does the law say?

“It is not about plotting that you will bring Wike down; you cannot. You do not have what it takes to bring Wike down; you cannot.

Responding to Clark, he said, “I wasn’t a wrong person when I championed for an Ijaw man to be governor, but I have become a bad person because there are issues. There is nothing Clark has not said, but I vowed never to respond.

“He spoke about the Southern President, which I supported; he spoke about power rotation to the South, which I believed in. So, what crime have I committed?

“In leadership, everything must not be smooth; I had a crisis there. Did I blame anybody? I faced the situation squarely. You all saw what the federal government did to me when I was there. Did I accuse any ethnic group? No.

“If you are in a leadership position, you should be able to stand and face the crisis; that’s what politics is all about. Sometimes it will be good, and other times it won’t be rosy.”

Wike vows not to leave PDP for Damagum, vampires

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Adebayo Ogunlesi, 2 other Nigerians make Forbes 50 wealthiest Black Americans list 2024

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Adebayo Ogunlesi

Adebayo Ogunlesi, 2 other Nigerians make Forbes 50 wealthiest Black Americans list 2024

Forbes has unveiled its 2024 ForbesBLK 50 list, celebrating the achievements of the wealthiest and most influential Black Americans.

Among the honorees are three Nigerians—Adebayo Ogunlesi, Tope Awotona, and Wemimo Abbey—whose groundbreaking contributions and entrepreneurial successes have earned them places on this prestigious list.

The ForbesBLK 50 is a reimagining of Forbes’ 2009 Wealthiest Black Americans list, which then featured figures like Oprah Winfrey, Michael Jordan, and Magic Johnson.

While net worth remains a core metric, the new list also highlights innovation, societal impact, and leadership across diverse industries.

Adebayo Ogunlesi, with a net worth of $1.7 billion, stands out as a pioneering force in global infrastructure investment. As chairman and cofounder of Global Infrastructure Partners (GIP), Ogunlesi led the private equity firm through a transformative acquisition by BlackRock in 2024 for $12.5 billion.

  • Ogunlesi, a Harvard-educated lawyer and banker, previously spent over two decades at Credit Suisse before launching GIP in 2006.
  • His influence extends beyond business, as he has become a key figure in reshaping infrastructure investment on a global scale.

Also, Nigerian entrepreneur,Tope Awotona, the founder and CEO of Calendly, has redefined efficiency in scheduling and holds a net worth of $1.4 billion.

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  • Born in Lagos, Awotona moved to Atlanta as a teenager and pursued business and management information studies at the University of Georgia. After early entrepreneurial setbacks, he launched Calendly in 2013, driven by frustration with cumbersome meeting coordination. The platform, which raised $350 million in 2021, is now valued at $3 billion and serves millions of users worldwide.

Although not a ranking, Wemimo Abbey, at just 32, is the youngest Nigerian on the list and cofounder of Esusu, an African fintech company addressing financial inclusion. Esusu helps renters build credit by reporting rent payments to credit bureaus, a service utilized by more than 20,000 properties and benefiting 1.8 million Americans.

  • In 2022, Esusu achieved a $1 billion valuation following a $130 million funding round. Abbey, who grew up in Lagos, has a background in mergers and acquisitions consulting and a passion for leveraging technology to drive social impact.

These three Nigerians show innovation, resilience, and the drive to address pressing global challenges. Their inclusion on the ForbesBLK 50 list is a foretelling of their entrepreneurial vision and the increasing influence of Nigerians on the global stage.

The ForbesBLK 50 list, launched under ForbesBLK, aims to go beyond net worth to measure impact and influence within the Black community and beyond.

Adebayo Ogunlesi, 2 other Nigerians make Forbes 50 wealthiest Black Americans list 2024

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Northern youths say new tax regime bill designed to ruin region

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President Bola Ahmed Tinubu

Northern youths say new tax regime bill designed to ruin region

Coalition of Northern Groups, Taraba State chapter, has expressed concerns that the proposed Tax Reform Bill by President Bola Ahmed Tinubu’s administration is cunningly designed with all premeditated intent and purposes to further develop the southern Nigeria at the expense of the north.

The northern youths, who lamented the economic hardship in the country, concluded that the effect bears more scars on the region than any other.

Aside from the new Tax Reform Bill, the group also condemned the federal government’s land-border closure, alleging that the ideas favour the South more than the North.

The group, in a statement signed by its coordinator, Comrade Idris Ayuba, made available to Vanguard Correspondent in Ilorin alleged that most difficulties the North faces are the repercussions of the decisions, citing the effect of Petroleum subsidy removal, land border closure and the new tax regime as few examples.

He noted in the statement that”reduction in the consumption of a capital commodity like petroleum occasioned by the subsidy removal is not a manifestation of a positive policy impact; it rather indicates reduced economic activities that force people out of energy consumption,”

On the land border closure, Idris said: “One of the primary concerns is the impact of this policy on the regional economy, which has been heavily reliant on cross-border trade with neighbouring countries. The closure has resulted in significant losses for traders and business owners in the region, exacerbating poverty and unemployment.

“The policy has given undue advantage to Southern Nigeria, for instance, the closure has led to an increase in demand for locally produced goods in Southern Nigeria, which has boosted the southern regional economy.

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“Additionally, the Southern region has benefited from the increased revenue generated from customs duties and taxes on imported goods.

“The closure has also created an imbalance in the distribution of economic opportunities, with Southern Nigeria having greater access to ports and international trade routes.

” This has resulted in a concentration of economic activity in the Southern region, further marginalizing Northern Nigeria,” Idris explained in the statement.

Northern youths say new tax regime bill designed to ruin region

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BREAKING: National Assembly extends lifespan of 2024 budget

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Senate President, Godswill Akpabio

BREAKING: National Assembly extends lifespan of 2024 budget

President of the Senate, Godswill Akpabio, has explained that the impressive performance of the 2024 national budget encouraged members of the National Assembly to extend the lifespan of the 2024 budget beyond December 31 this year.

Akpabio gave the explanation Wednesday in his welcome address during the presentation of the 2025 national budget to the joint session of the federal parliament.

He said, “We have noted the 2024 budget performances of 50% for capital expenditure and 48% for recurrent expenditure respectively.

“Given these great achievements, we have deemed it necessary to extend the life of the 2024 budget to June 30, 2025.

“The enabling law for this extension has already been put in place by this patriotic Assembly, as a testament to our appreciation for the great performance of the budget, ensuring we build upon your momentum.

“We commend your steadfast commitment to collaborate, cooperate and work with the National Assembly to achieve your grand vision for Nigeria.”

As the red chamber planned to start deliberations on the budget proposals, Akpabio warned heads of the various ministries, departments and agencies of the Federal Government to make themselves available for the budget defence.

He said: “Let me take this opportunity to stress the importance of the honourable ministers and heads of extra-ministerial departments being prepared to respond promptly to requests for them to come and defend their sectoral allocation in the exercise of our legislative oversight.

“We have observed concerning the behaviour from some ministers and heads of extra-ministerial departments, who sometimes neglect their duty to promptly submit to legislative oversight, sometimes even disregarding invitations from relevant committees of the legislature.

“It is imperative they understand that we will not condone such breaches of the constitution going forward.”

Akpabio noted that under the President Bola Tinubu administration, Nigerians has “witnessed remarkable strides in economic reforms, aimed at enhancing our nation’s stability and growth”.

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According to him, “The courageous decision to remove fuel subsidies, though challenging, showcases your (Tinubu’s) unwavering commitment to redirecting resources to critical sectors such as education and healthcare.

“Your collaboration with the Central Bank has cultivated an environment ripe for investment, and your focus on infrastructure development reflects a visionary commitment to improving the connectivity that fuels our economy.

“Furthermore, your initiatives to strengthen our security framework stand as a testament to your resolve in tackling the pressing challenges of our time.“

The chairman of the National Assembly commended Tinubu’s efforts in the era of security.

“We commend your tireless efforts, along with those of our brave men and women in uniform, for liberating our lands from the grip of terror.

“Today, no community is under the threat of terrorism, a monumental achievement we celebrate together.

“The reduction in kidnapping incidents and the neutralization of over 11,000 terrorists and insurgents is a testament to patriotism, strength and determination,” Akpabio said.

The Senate President said Tinubu’s dedication to fostering international relations paves the way for fruitful partnerships that will propel the nation forward.

He said: “We are witnessing a resurgence in foreign direct investment, made possible by your visionary directives that ease the visa processes for Nigerians travelling to other countries, and at the same time welcome investors and tourists alike to our country.

“Your innovative approaches in our embassies and the Ministry of Foreign Affairs have opened new doors for Nigeria and its people. For this we thank you.”

He said the introduction of social welfare programmes embodies the president’s unwavering belief in uplifting the living standards of our citizens.

“You remind us that our nation is not merely constructed of bricks and mortar, but of the resilience and determination of its people.

“Nigerians are taking notice of your remarkable achievements. You have doubled aggregate government revenues to over NGN 18.32 trillion, reduced debt servicing expenditures from 97% to 68%, fulfilled $7.5 billion in foreign exchange obligations, increased oil production to 1.8 million barrels per day, and launched the Compressed Natural Gas initiative.

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“Your administration has processed over N45.6 billion for student payments, signed the National Minimum Wage Law, and raised the national minimum wage to N70,000 a month, all while providing over N570 billion in financial support to the 36 states,” Akpabio said.

He commended the groundbreaking tax reform initiative including the four tax reform bills, namely the Joint Revenue Board of Nigeria (Establishment) Bill, 2024; Nigeria Revenue Service (Establishment) Bill, 2024; Nigeria Tax Administration Bill, 2024; and the Nigeria Tax Bill, 2024.

He said the tax reform bills represented a monumental shift in the country’s fiscal landscape and that its critics haven’t read the proposed legislations.

The Senate President said: “It is disheartening that those who have not taken the time to understand these bills are the loudest critics.

“I urge all Nigerians, especially those in public office, to engage with these vital reforms thoughtfully.

“This initiative marks the first comprehensive tax reform since Nigeria’s independence, presenting a transformative opportunity for rejuvenating small and medium enterprises and enhancing the livelihoods of ordinary Nigerians.

“These reforms will not only improve Nigeria’s revenue profile but also create a more conducive and internationally competitive business environment, transforming our tax system to support sustainable development.”

Akpabio said the infrastructure renaissance has paved the way for many roads, including the coastal road and crucial arteries in the Abuja capital city and other parts of the country.

“These developments are not merely about concrete and asphalt; they represent the lifeblood of our economy, connecting our people and fostering growth,” he added.

He urged Nigerians to bear with the president whose economic reforms had imposed hardship on Nigerians but noted that: “We are light-years away from where we began, though some rivers remain to be crossed.

“The pains we feel are not merely the pains of hardship; they are the pains of childbirth. When that season arrives in Nigeria, when this administration births that season, we will rejoice for the struggles endured.

“For now, I ask for your patience and urge all Nigerians to cooperate with the president and maintain faith in his vision.

“Mr. President, while you cannot be everywhere, you have eyes everywhere. We, the distinguished senators and honourable members of the House of Representatives, are your eyes in our constituencies and every corner of Nigeria.

“When our constituents struggle to afford rice, they come to us. When their shoes pinch, they seek our assistance. When the economic alarm sounds, they turn to us.

“Therefore, we are committed to ensuring that you touch the hearts and pulse of Nigerians through these appropriation bills resonating with the sounds of hope and signalling the dawn of Nigeria’s economic rebirth,” he added.

Akpabio ended his speech by leading the members of the National Assembly to sing for the president as they all chorused, “On your mandate we shall stand” to the admiration of the legislatures and the guests.

 

BREAKING: National Assembly extends lifespan of 2024 budget

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