The Buhari administration has been on a cash-printing spree since it assumed office in 2015, but showed little courage at being transparent about it, Rotimi Ameachi made this known during an interview.
Minister of transportation, Rotimi Ameachi has been caught on tape admitting that President Muhammadu Buhari has always ordered the Central Bank of Nigeria to keep printing money since 2015.
Do you know when a country prints money? When it has no money at all,” he said. “We were just printing money to pay debt.”
Mr Amaechi’s comments further exposed the cover-up that has followed Mr Buhari’s widely condemned approach to the country’s economy, as millions of citizens continue to plunge into poverty. Nigeria has since emerged as the country with the highest number of poor people in the world. The country also has the poorest electricity supply and the second country with the most jobless people worldwide.
Earlier this year, renowned credit rating institution Fitch said the Nigerian central bank under Mr Buhari has been printing money at an alarming rate, warning that such tactics could engender additional economic woes for the country’s 200 million people.
Last month, Governor Godwin Obaseki expressed concerns on crude oil revenue, disclosing that the federal government printed extra N60 billion for states to share in March.
“In another year or so, where will we find this money that we go to Abuja to share every month? Last month, we got FAAC for March,” he said, explaining that “the federal government printed an additional ₦50 to ₦60 billion to top-up for us to share”.
Mr Buhari vowed to revamp the Nigerian economy in his campaign promises, but has been criticised for worsening the economic situation over the past six years of his regime.
In an interview with journalists prior to the 2019 general election in which Mr Buhari was re-elected, Mr Amaechi also disclosed that they swore an oath never to publicly admit to Nigerians that the government was on a printing spree of the national currency.
“And most of you didn’t know at the time we took over, most Nigerians don’t even know because we have sworn to an oath not to tell anybody we were printing money,” Mr Amaechi said.
“My worry is that we will wake up one day like Argentina, the naira will be ₦1,000, ₦2,000 and will be moving because we don’t have money coming in,” he maintained while lamenting that the current administration borrows without means or the idea of paying back.
In response, the Minister of Finance, Budget, and National Planning, Zainab Ahmed accused the governor of spreading falsehood, stating that “The issue that was raised by the Edo state governor for me is very, very sad because it is not a fact”.
Similarly, the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, dismissed Mr Obaseki’s claim, describing it as “unfortunate and totally inappropriate”.
Addressing the matter while speaking with journalists, Mr Emefiele said: “If you understand the concept of printing of money. The concept printing of money, it’s about lending money.
“That’s our job – to print. It’s about lending money and so there’s no need putting the controversy about the printing of money as if we are going into the factory printing the naira and start distributing on the streets.”
Prior to Mr Buhari’s assumption of office on May 29, 2015, Vice President Yemi Osinbajo disclosed that their administration would inherit $60 billion as foreign and domestic debt from the Goodluck Jonathan administration.
Mr Osinbajo had also described the state of the Nigerian economy as unfortunate, stating that the nation has to spend 21 percent of its 2015 budget on debt servicing.
“We are concerned that our economy is currently in perhaps its worst moment in history. Local and international debt stands at $60 billion. Our debt servicing bill for 2015 is N953.6 billion, about 21 per cent of our budget,” the vice president had said.
A spokesman for Mr Amaechi did not return repeated requests seeking comments for the minister’s audio, which was part of a scandalous series that emerged in the run-up to the 2019 elections.
Although Mr Buhari and his appointees have been claiming repeatedly that they met an empty treasury, available facts showed the claim as untrue. The administration met at least $2.07 billion in excess crude accounts as of May 2015 when it came in.
UNIBEN Rape Case: Anita Adesuwa Efosa Revealed as the Rape Accuser
For a few days now, all University of Benin (UNIBEN) have seen in the public space is a perceived dreaded lecturer whose innocence and guilt is yet to be proven and proved beyond reasonable doubt. But one would wonder, WHERE LIES THE PRESENCE OF THE ACCUSER? Maybe it is of no essence to some, whom sometimes may be passerby, sympathisers or mainly aggressive individuals who may only be seen issues from a psychological point of view of the female folk.
It is true that the accuser in this case have been identified as, ANITA ADESUWA EFOSA, a 400 level English & Literature Student of the University of Benin (Benin City) whom have been confirmed by various sources to be a ‘Ghost Student’, this is to say that ANITA ADESUWA EFOSA barely attend classes as it is. It is possible she may be having academic issues also.
It is also confirmed that the accused lecturer, Dr. Steve Bode Ekundayo is currently the Final Year Project Coordinator for the Department of English & Literature. While the public keeps talking of the lecturer, many are yet to seek the identity of the accuser, but gradually, that is being sorted out.
These question then arises:
1. Who is Adesuwa Anita Efosa in the Department of English & Literature?
2. What did she go to do at the lecturers office at the said time?
3. Was she alone with the accused all through the period of the accusations at the lecturer’s office?
4. Does she have any relationship with the accused aside being a student and nothing more?
5. Is that the first time she’s visiting that office?
6. Was she really raped by the accused as claimed by her?
7. Are there clear court evidences that testifies that? If yes,
8. Why is the accuser in hiding despite many efforts made by the School Authorities, the Student Union Government (SUG) and the Nigerian Police to hear her side of the story as investigations have started?
9. Could the said identified Anita Adesuwa Efosa have been pushed by external or internal elements to blackmail the accused? If no
10. Why then the continuous hiding? If yes
11. Did she not think critically that this act of rape accusations has lasting implications on both the accused, herself and the image of the University of Benin?
What is expected from the relevant authorities is to adhere strictly to DUE PROCESS of handling the matter because both the accused and the accuser may either be wrong or right in this whole matter but it is rather unfair to some extend that, of a truth, the University Authorities also have taken some ‘Too Quick Steps’ sanction the lecturer without adhering strictly to the constitutional principles of FAIR HEARING by setting up a known panel to investigate properly the matter, which is an internal capacity of the institution before handing over the matter to the police thereby breaching some organisational and professional procedures.
Now, what is the ad-hoc punishment for the accuser, most especially on the basis of her refusing all contacts and calls put through to her to appear before the state (police). Punishment should be proportional to offense committed. If you must place an accused on such stringent condition, the accuser whom have continuously hid her face should go through some form of sanction too.
In all, we must not judge a case based on sentiments. We must take all correct measures to ensure a balanced view and deed.
Experts have established that there are only two reasons why ANITA ADESUWA EFOSA could be in hiding. The first is that she may have been threatened by either known or unknown faces and voices through whatever medium. The other reason may be that ANITA ADESUWA EFOSA never expected that *this matter will escalate to this very degree and must have felt the guilt of having told lies to the public and is at the same time not able to get hold of the veracity of her claims against the accused which may lead to a strict punishment against her by school authorities and the police. but whichever way the pendulum swings, according to Niccolo Machiavelli, “the end shall justify the means”
Just to know the two parties involved ANITA ADESUWA EFOSA, a 400 level ENGLISH AND LITERATURE STUDENT is, the faceless rape accuser we all have been craving to know. We await the outcome of all necessary investigations. By then, the truth of the matter will be revealed to the world and we shall know who was raped and by who. Anyone may be innocent in this matter.
Abuja Lockdown: Six Dead As Nigeria Soldiers Continue Shooting of Shiites
About 6 people have reportedly been shot dead as members of the Islamic Movement of Nigeria, IMN clashed with soldiers at the Gwarimpa gate near Galadimawa in Abuja.
The IMN members also known as ‘shiites ‘were about to round off their Arbaeen Symbolic Trek when joint security agents opened fire on them.
Two Shiite members were shot by security operatives around a new generation bank along 3rd Avenue in Gwarimpa Estate, Abuja.
The incident threw the trek into confusion as people scampered for safety. The Secretary of the Academic Forum of IMN, Abdullahi Musa has since confirmed the incident.
“They are just shooting people. As I am talking to you now, six people have been killed. They even carried some dead bodies away,” he told a news correspondent.
Members of the sect had on Tuesday morning come out in continuation of their procession to mark the fortieth day of the murder of Imam Hussein, the grandson of Prophet Muhammad
Public Work Volunteer Apprehend Oil Theft in Benin City
Officials of the Public Works Volunteers (PUWOV) in Edo State have apprehend two suspected oil theft in Benin City, Edo State, Nigeria.
The State Coordinator, PUWOV, Mukhtar Yusuf-Osagie, who made known this to journalists, said PUWOV will continue to work tirelessly with other security agencies in the state to curb criminality and ensure peace and orderliness.
Yusuf-Osagie said the suspects were nabbed in two Audi vehicles with plate numbers BEN 206 PK and GRA 91 CH, along Airport Road in Benin City, the Edo State capital.
He said they have been handed over to the Edo State Command of the Nigeria Security and Civil Defence Corps (NSCDC) for further interrogation and prosecution.
According to him, “PUWOV officials accosted two Audi vehicles who contravened the law at Ezoti axis of Airport Road in Benin City. It was later discovered that the apprehended vehicles were used for transportation of oil in gallons. The vehicles were fully loaded with gallons of oil and other instruments linked with illegal oil bunkering.”
He noted that the “apprehended culprits tried to induce our officers with the sum of N50, 000 in an attempt to buy their freedom and escape justice. Unfortunately for the culprit, the PUWOV officials rejected their offer.”
The coordinator added: “We have informed the Edo State Command of the Nigeria Security and Civil Defence Corps (NSCDC) and handed over the two culprits (drivers) and the vehicles with registration numbers BEN 206 PK and GRA 9 CH to DSC Eki Vassiles, the NSCDC representative sent to recover the exhibits from the PUWOV office.”