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Obasanjo, northern elite, monarchs did not want APC to field Buhari in 2015 – Akande

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Former Osun State governor and Interim National Chairman of the ruling All Progressives Congress, Chief Bisi Akande, has thrown some insight into the severe pressure mounted on the party by influential persons to make that sure President Muhammadu Buhari did not emerge as the party’s candidate for the 2015 election.

In his 559-page autobiography, titled ‘My Participations’, launched in Lagos on Thursday, Akande said persons like former President Olusegun Obasanjo and some unnamed elite, especially from the North, including royal fathers, were against Buhari becoming the party’s candidate.

Akande explained that an aristocratic leader from the North came to Osogbo, the state capital, to persuade the then governor, Rauf Aregbesola, to prevail on them to drop Buhari.

He, however, said the leaders of the newly formed party decided to go ahead with Buhari, given his charisma and the support he had garnered in his previous attempts, having contested the coveted position three times earlier. He said the emergence of the APC created a formidable structure for him and that Buhari’s candidacy was in fact one of the bases for the merger of the constituent political parties.

Regardless of this, he noted that the party allowed anybody interested in the ticket to contest against Buhari at the convention, where he eventually won.

On Obasanjo’s opposition to Buhari’s candidacy, he wrote, “When the party was ready and we were going around to all the leaders, someone reminded us that we had not seen Obasanjo and (former Head of State, Ibrahim) Babangida, and asked them to join us.

“We also met Obasanjo and asked him to join us. He said he would not join us, but that he had his sympathy for us. He said he had decided not to join any political party since he left the PDP (Peoples Democratic Party).

“Behind the scene however, I understood he was pressurising some of our leaders not to use Buhari as our candidate. It got to a point when Bola Tinubu had to confront him thus: ‘It is not fair sending me to Buhari. Buhari was a soldier and he was one of your junior officers in the army. Why don’t you call Buhari and let him know how you feel about his intention to be President?’

“I don’t know whether Obasanjo stopped at it. From the start, he did not want Buhari to be President.”

Also, on the opposition by the other elite, Akande wrote, “It was apparent from the start that Buhari would be our choice for President. That was one of the bases for the merger. However, there were pressures from the elite, especially from the North, including royal fathers, piling pressure on us not to allow Buhari to be our presidential candidate.

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“A prominent aristocratic leader from the North stayed several nights in Osogbo, persuading Governor Aregbesola to prevail on us not to field Buhari. He threatened that if we did, there would be trouble in the North. We reviewed all these threats and decided to go through it with Buhari.”

Adebanjo pestered Tinubu to build his Lekki house 

Akande also described the leader of pan-Yoruba socio-political group, Afenifere, Chief Ayo Adebanjo, as a blank politically-minded leader who does not have what it takes to contest political positions.

He further said Adebanjo pestered the APC National Leader, Asiwaju Bola Tinubu, to build him a house in Lekki, where he now resides.

He also stressed that contrary to what Adebanjo believed, the ruling APC did not have restructuring in its manifesto in 2014 when the party presented Buhari as its torchbearer, adding that the APC only promised to support devolution of powers from the centre to the states.

On page 476, Akande wrote, the “APC did not have ‘Restructuring’ in its manifesto for the 2015 elections but promised to support devolution of powers from the centre to the states.

“While the President (whether Obasanjo, Yar’Adua, Jonathan or Buhari) has the whole of Nigeria as his constituency, members of the National Assembly that have the powers to amend the Constitution imposed on Nigeria by the military represent constituencies individually from different ethnic nationalities.

“It is therefore mischievous to place the responsibility for effecting ‘restructuring’ on the APC or its Presidency and not to appreciate that it would require deft negotiations among such members from different ethnic nationalities and constituencies or zonal and religious background before any political party or any ethnic nationality could successfully issue any fiat on the National Assembly to make laws on power devolution or on ‘restructuring’, whatever it might connote.”

The APC chieftain further alleged that the trio of Adebanjo, Sir Olaniwun Ajayi (now late), and Chief Olu Falae should have found younger Yoruba sons to represent the South-West at the 2014 National Conference convened by former President Goodluck Jonathan instead of pocketing “generous allowances” given to conference delegates.

Akande said, “I was not surprised that three old men who were virulently opposed to our aspirations in the APC found their ways into the Jonathan Conference. These men – Sir Olaniwun Ajayi, Chief Ayo Adebanjo and Chief Olu Falae were once our leaders in the old Afenifere until the passage of Papa Adesanya.

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“They could not find any younger Yoruba to send to the conference to represent our interest. They believed, even in their old age, that they were the only people who could have gone there. Sir Ajayi, who was close to 90 at the time of the Conference, has since joined his ancestors. Chief Adebanjo celebrated his 90th birthday in 2018. Chief Falae is in his 80s. Note that Jonathan paid the conference delegates generous allowances!”

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Reminiscing on the formation of Afenifere, the ex-governor of Osun State recalled that “Chief Olu Falae, a trained civil servant, who after retirement became decorated into leadership by his former military bosses, has since been trying to blindly straddle Nigeria’s complicated politics.

“The old Afenifere and PDP coalition was fronted by these three men and General Obasanjo. Chief Adebanjo, the most vociferous of them, is a blank politically-minded leader who recognises readily and always that he never has what it takes to aspire for high political positions.

“He constantly harbours lumps of yellow hate-bile in his heart for any co-political leader with brighter chances for any major public office within or outside his political party. Adebanjo detests all past governors produced by his party since the UPN days and proudly says so in his regular pontifications. I always passed him for a mere political agitator among the old local party paid canvassers euphemistically called ‘organising secretaries’.”

Continuing, Akande alleged that Adebanjo coerced Tinubu to build a house for him in the Lekki area of the state.

“One day, Sir Olaniwun was launching a book at Muson Centre, Lagos. After the book presentation, Tinubu said I should not go and that he would like to see me. We met in a small room where he also invited Sir Olaniwun Ajayi. ‘Papa, you can see that this document is old, Tinubu said as he handed over a big envelope to Ajayi. This is your C of O (Certificate of Occupancy)!’

“Tinubu told me later that after he presented Adebanjo’s C of O to him, Adebanjo was always pestering Tinubu until he helped built a house on the plot. The street was also named in honour of Adebanjo and he is living in that house now at Lekki Phase One,” Akande said.

When contacted on Friday, Adebanjo said he would give his response after carefully reading the book. “I’m not going to depend on hearsay; I am going to give a written reply after reading the book,” he said.

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How Ikimi, others tried to hijack party 

Meanwhile, Akande also said a former Minister of Foreign Affairs, Chief Tom Ikimi; a former governor of Kaduna State, and a chieftain of the defunct Congress for Progressive Change had during the formative stages of the APC tried to hijack the party if and when it got registered by the Independent National Electoral Commission.

He said he had received reports that Ikimi and some members of the then Joint Merger Committee, comprising different political parties that had come together to form the APC, had tried to “share among themselves the new party leadership official positions”.

Akande, in his book, said a former governor of Kaduna State, had while lobbying for the position of the national secretary of the APC, told him that meetings were being held at the residence of Ikimi, who was then a member of the Action Congress of Nigeria, that the former minister had at the meetings been slated to become the national chairman of the APC while the position of the treasure “was perhaps being reserved for a chieftain of the Congress for Progressive Change, Alhaji Garba Gadi.

“The three of them, by chance, at one time or the other, were former members of ANPP and they became fortuitously co-chairmen of the Joint Merger Committee for the yet to be registered APC. I felt a revolt about how human beings take undue advantage of their principals which, in this case, were the parties that sent them to the Joint Merger Committee.

“To put practical effect to their mischief, Chief Tom Ikimi had been arranging a sort of public meeting – perhaps some sort of convention in an ostensible manner – which he termed, ‘APC Leadership Meeting’ at the Transcorp Hilton Hotel. I remained the chairman of the CAN that sponsored Tom Ikimi to the merger committee.

“He, as coordinating chairman of the Joint Merger Committee, wrote me an invitation for a public meeting of APC which to me was still waiting to be registered into corporate existence. What a hijack indeed!”

But reacting, Ikimi said he would react to the allegation of the former interim national chairman of the APC in a book he is currently writing.

“Well, I didn’t hear it (allegation). I was not there. I am writing my own book. I will react to it (Akande’s allegation) then (in my book),” he told one of our correspondents on the phone on Friday.,,

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‘It’s false, mischievous’ — EFCC denies releasing list of ex-governors under probe for corruption

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The Economic and Financial Crimes Commission (EFCC), on Sunday, denied the report that it released a list of ex-governors being investigated for alleged corruption.

In a statement by Dele Oyewale, EFCC’s head of media and publicity, the agency described the report as “false and mischievous”.

Citing a report titled “EFCC Releases Full List of 58 Ex- Governors that Embezzled N2.187 Trillion”, the anti-graft agency said the commission neither issued the said list nor entertained discussions on investigation of ex-governors with any news medium.

 

“This invariably means that the so-called list is a disingenuous fabrication designed to achieve motives known only to the authors,” the statement reads.

 

“The public is enjoined to ignore the report as it is false and misleading.

“The media is advised to endeavour to crosscheck facts pertaining to matters under investigation with the Commission to avoid misleading the public with false and inaccurate reports.”

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Good Morning! Here Are Some Major News Headlines In The Newspapers For Today: Archbishop, wife, son, three other clergymen kidnapped in Abia

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1. Archbishop Uka Uka Osim of the Brotherhood of the Cross and Star, his wife, Anne Osim and son, Roland Uka Osim, have been kidnapped. They and three other clergymen of Brotherhood of the Cross and Star, were abducted in Abia State on May 1, 2024.

 

2. The Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar, on Saturday, urged prayers by Nigerians for the country and its leaders to be able to overcome the problems confronting the country. He said the current socio-political problems in the country were not peculiar to Nigeria and would be overcome with prayers and support of the generality of the people.

 

3. Gunmen have killed Malam Kabiru Mohammed, the village head of Marke in Dandamisa Ward, Makarfi Local Government Area of Kaduna State. It was gathered that the gunmen, suspected to be hired killers, entered the residence of the victim at about 12:30 am on Thursday and sent everyone out of the compound.

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4. DStv and GOtv customers in Nigeria have been notified to expect disruption in service from Sunday, May 5, to Tuesday, May 7, due to the ongoing construction project on the Lagos-Calabar Coastal Highway. In a notice shared on social media on Friday, DStv assured customers that its technical team will be working to relocate its facility and minimise service disruptions during the process.

5. A woman, her toddler and a motorcyclist popularly known as Okada rider were reportedly involved in a car accident on the Festac Link Bridge in the Ammuo Odofin Local Government Area of Lagos State on Saturday night. It was gathered that the incident occurred at about 11:00pm. The victims were unconscious when they were rushed to the hospital.

 

6. Gunmen suspected to be bandits have reportedly killed three villagers in the Ogbaulu community of Agatu Local Government Area of Benúe State. A local who disclosed this on Saturday said that the victims were working on their separate farms on Friday afternoon when the bandits attacked them.

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7. Organised Labour, weekend, fired back at state governors, warning them against inflammatory utterances that could set the nation’s industrial space on fire over the new national minimum wage. It faulted the statement credited to the governors through the Nigerian Governors’ Forum, NGF, that they were working on what individual states could sustainably pay

 

8. Abia State Governor, Dr. Alex Otti, has said that a “real” airport would soon be built in the state to ease the movement of goods and services. Otti who disclosed this while receiving the Deputy Speaker, House of Representatives, Hon Benjamin Kalu, in his country home, said he had already held a meeting with the Minister of Aviation in this regard.

 

9. The National Secretary of the All Progressives Congress, APC, Dr. Ajibola Basiru, has accused the presidential candidate of the New Nigeria People’s Party, NNPP, Rabiu Kwankwaso of fuelling the purported call for the removal of the National Chairman of APC, Abdullahi Ganduje. Basiru said the call for the removal is a ‘mere circus’ orchestrated by Kwankwaso and his ‘dying’ party, NNPP.

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10. The lawmaker representing Abakaliki North Constituency in Ebonyi State House of Assembly, Hon Victor Nwoke has dumped the Peoples Democratic Party, PDP, for the All Progressives Congress, APC. The lawmaker joined APC with his supporters. He said the intractable crises in PDP forced him out of the party.

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Fitch upgrades Nigeria’s credit outlook to positive, cites economic reforms

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Fitch, a global rating agency, has reviewed Nigeria’s outlook to positive from stable.

A credit rating is a measure of how likely a company or government entity can pay back its debts, based on an independent assessment of its financial health.

Fitch, in a statement on May 3, said the positive outlook partly reflects reforms implemented over the past year to support the restoration of macroeconomic stability and enhance policy coherence and credibility.

 

“Exchange rate and monetary policy frameworks have been adjusted, fuel subsidies reduced, coordination between the ministry of finance and the Central Bank of Nigeria (CBN) improved, central bank financing of the government scaled back and administrative efficiency measures are being taken to raise the currently low government revenue, as well as oil production,” Fitch said.

 

Fitch said the reforms have lessened distortions stemming from previous “unconventional monetary and exchange rate policies,” leading to the return of sizeable inflows to the official foreign exchange (FX) market.

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“Nevertheless, we see significant short-term challenges, notably, inflation is high and the FX market has yet to stabilise, and the durability of the commitment to reform is to be tested,” the credit agency said.

“The CBN has stepped up efforts to reform the monetary and exchange rate framework following last year’s unification of the multiple exchange rate windows, and the large differential between the official and parallel market rates has collapsed.

 

“Average daily FX turnover at the official FX window has risen sharply from 2H23, and there has been clearance of USD4.5 billion of the backlog of unpaid FX forwards (the validity of the outstanding USD2.2 billion is being assessed by CBN), and weekly sales of FC to bureaux de changes (BDCs) have resumed (having been suspended since 2021).”

‘RETURN OF SIZEABLE NON-RESIDENT INFLOWS’

Fitch said increased formalisation of FX activity and monetary policy tightening has contributed to a notable rise in foreign portfolio investment inflows and a fast appreciation of the naira at the official FX window.

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According to the company, this followed the 71 percent “post-liberalisation depreciation between June 2023 and mid-March 2024”.

 

However, the credit rating agency said the exchange rate remains volatile.

Fitch said the continued lack of clarity on the size of net FX reserves is a constraint on Nigeria’s sovereign’s credit profile.

‘FURTHER MONETARY POLICY TIGHTENING ANTICIPATED’

In March, the Central Bank of Nigeria (CBN) raised the monetary policy rate (MPR), which benchmarks interest rates, from 22.75 percent to 24.75 percent.

 

Fitch said it expects further increases in the CBN monetary policy rate in the second half of 2024 and “strengthening of monetary policy transmission, after the recent resumption of open market operations at rates closely aligned to the MPR”.

“We project inflation, which rose to 33.2% yoy in March due partly to exchange rate pass-through and rising food prices, to average 26.3% in 2024 and 18.2% in 2025, still well above our projected ‘B’ median of 4.5%,” Fitch said.

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In December 2023, Moody’s, a US-based rating agency, also revised its outlook for Nigeria from stable to positive.

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