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How N25bn Refund Pitches Ubah Against Governor Obiano

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The N25 billion refunded to the Anambra State Government by the Federal Government for repayment of rehabilitation and reconstruction of Federal roads has pitched Senator Ifeanyi Ubah (Anambra South) against Governor Willie Obiano.

Ubah at a press briefing on Sunday gave Obiano 72- hour ultimatum to address Anambra on why he had to discount the promissory notes with about N8billion or two-third of the money ahead of their maturity dates.

He threatened to institute a legal action against the Anambra State Government if Governor Obiano fails to heed his request.

The promissory notes were issued to the Anambra State Government by the Debt Management Office in 2018 and 2019.

The refund was made to the state through two separate promissory notes issued by the Debt Management Office (DMO) in December 2018 and April, 2019, to the tune of N10.097 billion and N15.146 billion respectively

The two Promissory notes had maturity dates of December 28, 2020 and April 1, 2022 respectively.

Commissioner for Information and Public Enlightenment, Mr. C-Don Adinuba, had in a statement denied that the State Government raised money from “the Debt Management Office or the Federal Ministry of Finance under a bond, or any financial instrument from any institution or organisation.

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“Our record of prudent financial management and integrity is well acknowledged far and near. It is tough to speculate how the senator came about the phantom N25billion bond which Anambra State purportedly raised surreptitiously from the DMO/Federal Ministry of Finance.”

However, Senator Ubah, who was armed with documents concerning the transaction from the DMO and signed by its Director General, Patience Oniha and the Minister of Finance, Zainab Ahmed, insisted that the N25billion was expected to be paid in two installments.

He lamented out of the N25billion, only N16.1billion was realised by the state government after the promissory notes were discounted at the rate of 15 per cent and 13 per cent respectively, by Governor Obiano through a commercial bank.

He said the state lost whopping N8.85billion after the promissory notes were acquired at discounted rates by the bank.

“The governor paid banks over N8billion in order to cash out the promissory notes before their maturity dates, thereby ensuring that Anambra lost the amount from the transactions,” Ubah said.

According to the documents obtained from the DMO by Senator Ubah, the amount and tenor of the first promissory note was N10, 097, 722, 436.90 and issued to the state government on December 28, 2018 with a maturity date of December28, 2020.

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The second promissory note of N15,146, 583, 655.00 was issued by the DMO on April 1, 2019 with a maturity date of April 1, 2022.

The letter from the DMO to Senator Ubah with reference number DMO/PMD/598/S.4/III/881 and dated November 16, 2020, reads in part: “The Distinguished Senator may wish to be informed that these were the only promissory notes issued to Anambra State Government which fully settled the outstanding claims of the state as approved by the Federal Executive Council and the National Assembly.”

But Senator Ubah further alleged that “in order for Governor Obiano to cash out on the N25billion that hasn’t matured, he had to terminate the deal by giving up 15 per cent and 13 per cent respectively of the total sums per annum.”

He added: “The Governor paid about N3billion in bank charges for N10billion on the first promissory note which has a tenor of two years and paid another N4.5billion on the second promissory note of N15billion which has a tenor of three years.”

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The lawmaker, however, vowed to petition the Anambra State House of Assembly after which he would sue the Governor should he fail to explain to the people of Anambra State why he threw away N8billion in his rush to cash out the money before the respective maturity dates.

He, however, wondered why the governor failed to capture the money realized from the promissory notes in the state’s annual budgets.

He called on the Governor to explain what he did with the N16billion he collected after making the state to lose whooping N8billion as discounts as well as why he allegedly lied through his commissioner about the funds.

He insisted that the road projects for which the N25billion was refunded by the Federal Government were executed by the administrations of Governors Chris Ngige and Peter Obi.

Senator Ubah also alleged that Governor Obiano has prevailed on the Federal Commissioner for Works in the state to stop him from rehabilitating some bad roads in his constituency even as the governor has continued to neglect the roads.

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Politics

2027: Peter Obi not a threat to Tinubu, says Sunday Dare

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Sunday Dare, special adviser to President Bola Tinubu on media and public communications, has dismissed talks that the presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, poses a political threat to the Tinubu administration, insisting that the government remains focused on delivering on its mandate.

Dare,  while speaking during an interview on the Mic On Podcast, said the administration was confident in its achievements and ongoing reforms, arguing that its performance had strengthened its political standing ahead of the 2027 general elections.

According to him, the government has carefully assessed the country’s challenges and is implementing policies aimed at addressing them.

“This government is not afraid of Peter Obi. He is not a nightmare to our government. Maybe before, Peter Obi was a threat, but right now, he is no threat because we stand on the solid ground of performance,” Dare said.

He added, “We have been able to interrogate the problems of this country. Decisions are being taken, policies are being unfolded across the country, and we have a scorecard to show.”

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Dare also criticised Obi’s public comments and media appearances, describing some of his responses to questions as lacking clarity.

“Peter Obi is not a nightmare. Maybe you replace nightmare with nuisance because if you see some of his reactions, they are very pedantic. Sometimes you wonder. You listen to some of his interviews, ask him a question, and he goes in a roundabout direction that does not make sense,” he said.

Commenting on the 2027 presidential election, Dare expressed confidence that Obi would not replicate his performance in Lagos, where the former Labour Party presidential candidate defeated Tinubu during the 2023 presidential election.

“Peter Obi defeated President Tinubu in Lagos in 2023. This is 2027; he can’t defeat Tinubu again in Lagos,” he said.

Dare’s remarks come amid increasing political positioning by major parties and key opposition figures ahead of the 2027 general elections, with both the ruling All Progressives Congress (APC) and opposition leaders intensifying public engagements over their records and electoral prospects.

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Court orders INEC to deregister ADC, four other political parties

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A federal high court in Abuja, the federal capital territory (FCT) has ordered the Independent National Electoral Commission (INEC) to deregister the African Democratic Congress (ADC) and four other political parties.

The other political parties are the Action Peoples Party (APP), Action Alliance (AA), Accord Party (AP), and Zenith Labour Party (ZLP).

The plaintiff had asked the court to determine whether INEC is constitutionally required to deregister political parties that fail to satisfy the performance thresholds stipulated in section 225A of the 1999 Constitution, as amended.

The group argued that the five parties had consistently failed to meet the conditions for retaining their registration, including securing at least 25 percent of votes in a state during a presidential election or winning elective positions at the national, state, or local government levels.

According to the plaintiff, the parties failed to achieve the required electoral performance in the 2023 general election and subsequent by-elections conducted by INEC.

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The former lawmakers contended that allowing the parties to remain registered despite their poor electoral showing was contrary to constitutional provisions and detrimental to the integrity of the electoral process.

They prayed the court to compel INEC to deregister the parties before preparations for the 2027 general election gather momentum.

The plaintiffs also sought orders restraining the affected parties from participating in elections, conducting primaries, organising rallies, or carrying out other political activities pending compliance with constitutional requirements.

In his judgment, Peter Lifu, the presiding judge, upheld the arguments of the plaintiff and ordered INEC to deregister the five political parties.

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‘Learn from LP crisis’ — Abure warns Seriake Dickson to beware of Obi and his supporters

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The factional national chairman of the Labour Party (LP), Julius Abure, has warned Seriake Dickson, national leader of the Nigeria Democratic Congress (NDC), to be cautious in his alliance with Peter Obi and his supporters.

Obi, the presidential candidate of the labour party in the 2023 general election, is the presidential candidate of the NDC. He secured the party’s ticket on May 30 after he was ratified at its national convention held in Abuja.

Speaking in a statement he personally signed, Abure said Dickson appeared to have learnt from the recent crisis in the LP, describing the NDC leader’s alleged refusal to concede all elective positions in the party to Obi’s supporters as commendable.

The LP factional chairman, alleged that Obi and Alex Otti, governor of Abia, and many of their supporters who won elections on the platform of the LP in 2023 have since turned against the party’s leadership.

He stated: “They say, history usually repeats itself. Senator Dickson and Co have seen their trajectory and learnt from what happened to us, that a lot of them after they have won and now in government turned round and were struggling with the leadership of the party,” the statement reads.

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“I want to say that Obi and his followers are ingrates who will never remember the sacrifices you made for them. It is even dangerous for the leadership of the NDC to wholly hand over the elective positions to Obi and his followers.

“We did it in 2022/23, immediately they saw that Obi was interested in the leadership of the party, all those elected under the platform of the party simply followed Obi, forgetting all the sacrifices and suffering we made for them.”

Abure claimed that the crisis in the LP worsened when the Independent National Electoral Commission (INEC) obeyed a court ruling which said the tenure of the party’s leadership had lapsed, giving rise to the Nenadi Usman-led interim national committee.

“They fell into the trap of INEC, when the commission deceived them to say that the tenure of the executive has expired. We had expected them to reject that position,” Abure said.

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He noted in the light of what transpired in the LP, “it is strategically” important for Dickson to retain some control within the NDC by ensuring that his own supporters occupied positions in the party.

“He needed to bring his own people so that when the chips are down, he will also have people that will speak and defend him,” Abure said.

Abure further claimed that Obi’s supporters joined the NDC to dominate the party’s structure as they allegedly did in the LP.

“They trooped into NDC with Obi hoping to occupy every space like they did in the Labour Party. No leader of any political party seeing what Obi did to the Labour Party, along with his followers will make that mistake again,” he said.

He noted that his comments were prompted by questions about how the LP managed Obi and his supporters during the 2022/2023 election cycle.

According to him, the party made significant sacrifices to accommodate Obi’s interests, including granting many tickets to his supporters free of charge.

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“We ensured that Obi’s interests were adequately taken care of. We only looked at his body language, and we obliged most of his supporters’ tickets,” he said.

“Most of the tickets were for free believing that we were investing in those persons in line with the philosophy of the party, expecting that when they win, they will bring along necessary support that will help in the growth of the party.

“But ironically, when they came into power, they went after the leadership of the party.”

Abure also accused Obi and Otti of attempting to take over the party’s leadership following disputes over the tenure of its executives.

“The leaders, particularly, Peter Obi and Alex Otti decided to take over the leadership of the party,” he said.

He added that elected officials who emerged on the party’s platform failed to support it financially, urging the NDC to learn from the LP’s experience.

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