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February 5, 2024 You Need Help, Atiku Blasts Tinubu Over Economic Crisis

You Need Help, Atiku Blasts Tinubu Over Economic Crisis

Former Vice President Atiku Abubakar has again tackled President Bola Tinubu over his “renewed hope” economic plans.

Atiku, the flag bearer of the People’s Democratic Party (PDP) during the 2023 presidential election, noted that the renewed hope agenda ironically dashes hopes, creating pain and causing despair.

He also said the policies were shrinking small businesses and causing multinational companies to exit the country in droves.

In a statement on Sunday, he noted that President Tinubu, with the economic hardship, had shown he could not address the country's various challenges.

He said Nigerians are gravely concerned and that the president’s poor response to Nigeria’s economic challenges sets the stage for a prolonged and deeper domestic economic crisis.

Atiku said the private sector is shrinking by the day as small businesses are emasculated and multinational companies, confused and weary of the economy, leave Nigeria in droves.

However, in a swift reaction, the Presidency, in a statement issued by the Special Adviser to the President on Media and Publicity, Bayo Onanuga, said Atiku is doing a poor job in criticising Tinubu by offering pedestrian and uninformed interventions on the economy and other matters of public concerns.

According to Onanuga, Atiku is increasingly carving for himself the role of opposition-in-chief to President Tinubu and his government.

Callers on our breakfast talk show, The Big Story, reacted to the issue.

February 2, 2024 Alleged N109bn Fraud: Ex-AGF Ahmed Idris Trial Adjourned To March 20

Alleged N109bn Fraud: Ex-AGF Ahmed Idris Trial Adjourned To March 20

The former Accountant General of the Federation's (AGF) Ahmed Idris's trial on the alleged 109 billion naira corruption charge at the FCT High Court has been adjourned to March 20.

Idris is being tried alongside three others by the Economic and Financial Crimes Commission (EFCC) for the alleged diversion of the said money.

During the proceedings, the witness admitted that the former AGF didn’t have a lawyer with him when the anti-graft agency took his statements during the investigation.

The witness informed the court that the anti-graft agency took the statements of the former AGF six times in 2022, and on all of these days, he waived his rights to an attorney as a condition of being granted bail on self-recognition.

The trial judge, Yusuf Halilu, admitted as evidence a video tendered by the counsel for the EFCC, Rotimi Jacobs, which is an interview session with Idris and two other accused persons.

Counsels to the parties in the case later addressed the press.

February 2, 2024 CBN Lacks The Power To Receive NNPCL Crude Sales – Atiku

CBN Lacks The Power To Receive NNPCL Crude Sales – Atiku

Former Vice President Atiku Abubakar has criticized President Bola Tinubu’s directive to allow the Central Bank of Nigeria (CBN) to control crude oil sales proceeds from the Nigerian National Petroleum Corporation Limited (NNPCL).

He noted that the CBN lacks the sole responsibility to adhere to the directive.

President Tinubu had, on Monday, directed the CBN to assume responsibility for crude oil sales from NNPCL.

However, in a statement signed by Atiku, he described the directive as “illegal,” adding that it undermines the operational independence of the NNPCL.

Atiku suggested that the apex bank collaborate with the Nigeria Extractive Industry Transparency Initiative (NEITI) to reflect transparency and accountability.

Late last month, the former VP asked President Tinubu to account for the NNPCL’s 3.3 billion dollar emergency crude repayment loan, which the corporation secured on August 16, 2023.

February 1, 2024 EFCC Uncovers Religious Sect Laundering Money For Terrorists — Chairman

EFCC Uncovers Religious Sect Laundering Money For Terrorists — Chairman

Ola Olukoyede, the Chairman of the Economic and Financial Crimes Commission (EFCC), has disclosed that the anti-graft agency has uncovered instances of money laundering by a religious sect in Nigeria, allegedly funding terrorists.

Another religious organization was also identified as harbouring a money launderer, as funds suspected of being laundered were traced to the organization's bank account.

Speaking at the Musa Yar’Adua Centre in Abuja during a one-day dialogue on "Youth, Religion, and the Fight against Corruption," Olukoyede emphasized that various religious entities, including organizations, institutions, sects, and bodies, have been implicated in money laundering activities.

During the event, the President of the Christian Association of Nigeria, Daniel Okoh, and the Sultan of Sokoto, Saad Abubakar, stressed the importance of religious bodies maintaining integrity in their dealings. Okoh was the first to address the audience.

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