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 Politics › Re: Why The North Should Bring Back Jonathan by Bobloco: 9:05am On Dec 16, 2024 |
Sannisege: |
| Politics › Re: Is Nigeria Now Under Dictatorship As Police Brutality On The Rise? by Bobloco: 8:48am On Dec 16, 2024 |
What we have on our hands is a Hitler-like incarcerator, worse than Idi Amin Dada. Tinubu has never been a democrat. A democrat cannot be a notorious narcotics trafficker, a certificate forger, a power-hungry buccaneer engaging in criminal state capture, or an Emilokan tribal and ethnic bigot who snatches, grabs, and runs away with power. |
| Politics › Re: 2027: North-central APC Declares Full Support For Tinubu’s Second Term Bid by Bobloco: 8:00am On Dec 16, 2024 |
Okwyjesus:There's no southern unity for Tinubu. There will be no strengthening of the southern base, especially not with this abysmal performance and display of gross incompetence and cluelessness. Tinubu destroyed southern unity in 2015 when he and his allies worked against it, truncating an opportunity for the South-South and an Ijaw man to have an unbroken eight-year tenure. |
| Politics › Re: Elections: Learn From Ghana’s Democratic Practice, Tinubu Urges ECOWAS Leaders by Bobloco: 7:53am On Dec 16, 2024 |
lailo:Igbo! Igbo! Igbo! Emancipate yourself from extreme tribal and ethnic bigotry and watch your life blossom 2 Likes |
| Politics › FG Overshoots 2024 Borrowing Target By N4trn by Bobloco(op): 6:42am On Dec 16, 2024 |
As President Bola Tinubu prepares to present to the National Assembly tomorrow, the 2025 national budget largely saddled with funding by borrowings, the Federal Government (FG) is set to overshoot its domestic borrowing target for 2024 by N4 trillion, about 67 per cent above the budgeted amount. These are coming despite the widespread concerns over the continued rise in the nation’s debt stock. Details of the domestic borrowing activities of the government in the 11 months to November 2024 is already showing borrowing in excess of N2.93 trillion or 49 per cent above the target as of November. Financial Vanguard findings showed that FG had borrowed N8.93 trillion from domestic investors in the eleven months from January to November, 11M’24, as against the N6 trillion planned for the whole year. With this trend and other borrowing activities currently being executed, the FG may end up borrowing N10 trillion in 2024, 67 per cent above the target for the year. Meanwhile, these are coming against the backdrop of FG’s plan to finance the 2025 budget deficit with domestic and external borrowings amounting to N9.22 trillion, 18 % higher than the N7.808 trillion for 2024. The 2025 deficit budget according to the Federal Ministry of Budget and Economic Planning report would be financed “by new foreign and domestic borrowings of N9.22 trillion, N312.33 billion from Privatization Proceeds, and N3.55 trillion draw-downs on existing multilateral/bilateral project-tied loans. The deficit will largely be financed by domestic borrowings, considering the narrow window for external financing.” Details of 11M’24 FG Securities Breakdown of data from the Debt Management office, DMO, and the Central Bank of Nigeria, CBN, showed that in the third quarter, Q3,24 the Federal Government borrowed N2.134 trillion from domestic investors through the Nigeria Treasury Bills, NTBs, FGN Bonds, FGN Savings Bonds. Borrowings through the NTBs auctions conducted by the CBN stood at N1.181 trillion, while FGN Bonds FGN Savings accounted for N939.246 billion and N14 billion respectively. Further analysis showed that in October and November this year the Federal Government borrowed N774.953 billion through NTB; FGN Savings Bonds of N635.752 billion and FGN Savings Bond amounting to N7.152 billion. Domestic Borrowing in H1’24 Meanwhile, according to the recent data released by the DMO, the Federal Government’s domestic debt stock for the first half of the year, HI’24, stood at N66.957 trillion, representing 38.6% growth from N48.314 trillion in HI’23. CBN borrowings through NTBs rose to N11.8 trillion in HI’24 from N4.7 trillion in H1’23 and accounted for 17.64 % of the total FG’s borrowing. FG’s borrowing through the monthly FGN Bond auctions, which constituted 78.13 % of total FG borrowing during the period, rose to N52.315 trillion in the HI’24 from N41.722 trillion in HI’23. FG’s borrowing through Sukuk Bonds, which accounted for 1.6% of total FG domestic borrowing during the period, rose to N1.092 trillion in HI’24 from N742 billion in H1’23. FG’s domestic borrowing through FGN Savings Bonds accounted for 0.08% of total FG’s borrowing during the period, also spiked, rising to N55.196 billion in H1’24 from N30.704 trillion in H1’23. Analyts’ insight Meanwhile, analysts and economy experts have stated that among other things the 49 per cent excess domestic borrowing by the FG in 11M’24 was also driven by investors’ response to the high interest rate regime during the period prompted by 875 basis points hike in the Monetary Policy Rate, MPR, by the CBN. From 18.75 per cent in February, the CBN steadily raised the MPR to 27.5 per cent in November this year. As a result, the interest rate on 364-Days NTBs rose to 22.93 per cent in November from 12 per cent at the beginning of the year, representing 11.91 percentage points increase from 4.44% in H1’23. In the same vein, the average interest rate on FGN Savings Bond for 2 year tenor rose to 17.483% December 2024 from 12.287% in December 2023. Reviewing the fiscal position in 2024, David Adonri, Analyst/ Executive Vice Chairman at Highcap Securities Limited, said: “To different elements in the economy, rising debt and rising yield on debt means different things. While the investor in debt is happy and smiling to his bank, corporate debt issuers are groaning because of the escalated cost of borrowing and the crowding-out effect of public borrowing. ”Above all, rising public debt signals an expansionary fiscal policy which is inimical to the effectiveness of tightened monetary policy. ”FGN is already in a debt trap, requiring new debt to service existing obligations. This leaves very limited financial resources for economic development. If the reckless piling of debt by FGN continues, a sovereign default might become imminent. ”Notwithstanding the influence of the high interest rate regime, the sharp rise in FG’s borrowing from domestic investors is inimical to the private sector as it makes it more costly for businesses to borrow. ”Also, the higher lending rates has led to inflationary pressures as the corporates have to increase prices to cover for the higher borrowing rates. “With respect to monetary policy, whilst the Central Bank continues on its hawkish trend, we expect pressure from the government on the Central Bank as its debt service costs rise. ”The government cannot afford to borrow at these levels for an extended period of time. Government spending has also led to more pressure on the currency as it means more Naira available to chase the dollar.” Continuing, he stated: “With respect to fiscal policy, we are yet to see the borrowing by the government to have an impact on fiscal policy. Yes, we have the Coastal roads being built, but we would like to see more with regards to policies to help increase production output in the economy. ”Also, we expect to see a significant increase in debt servicing costs, factoring in the higher rates and increase in domestic borrowing.” Also speaking to Financial Vanguard on the situation, Victor Chiazor, Head of Research and Investment at Fidelity Securities Limited, FSL Securities Limited, said: “The government borrowing has fueled inflationary pressures. ”In addition there’s an indirect effect on exchange rates. Also, there’s the crowding out effect for private sector lending. As it is, not many businesses can afford to borrow at the elevated interest rate. ”Finally, the monetary policy response to all this may be to continue to raise interest rates in a bid to tame the spiraling inflation.” Commenting as well, Dr Muda Yusuf, CEO of Centre for the Promotion of Private Enterprise (CPPE), said: ”There is a general need to moderate borrowing so that it doesn’t overheat the economy. “With respect to the implication for inflation, the deficit if financed properly may not be inflationary. “Inflationary component of deficit financing often arises when CBN prints money to finance the deficit. That is when you have serious issues with inflation, because the money is now what you call high-powered money. ”But if it’s funded using bonds, treasury bills and other firms of borrowing, either from the public or from within the financial system, it is less inflationary. “If the debt level continues to increase, of course it has a crowding out effect on the private sector. That means more of the credit in the economy will be going to the government as against the private sector, which is not a particularly good thing. ”So we need to worry about a trend of increasing domestic debt because of the risk of crowding out the private sector in the credit market. “For fiscal policy, it’s a fiscal policy instrument. Borrowing is a fiscal policy issue; it’s used to fill the gap. Again, what is important is to maintain a sustainable ratio as far as borrowing is concerned, ratio of debt service to revenue, ratio of debt to GDP.” In his own comment, Olatunde Amolegbe, former President, Chartered Institute of Stockbrokers, CIS said: “For me, borrowing is a natural consequence of public expenditure if a country intends to grow. The question however is about what the debt is used for. ”I have always had reservations with borrowing to meet recurrent expenditure which is why I am more inclined towards infrastructure or project-tied debt that one is sure will go towards boosting economic growth and development. ”Of course the borrowing level and borrowing cost are high and this has negative implications for our finances as a country however in as much as the debt -GDP and debt-revenue continue to remain stable or even decline then debt sustainability should not be a problem. ”I suppose the increase in the volume of FGN’s borrowing we’ve seen month-on-month is driven by the attractive interest rate that they presently offer to investors. It means investors can invest as low as N10,000 and get interest rate of about 18% which they can’t get anywhere else. ”This can actually be seen through the prism of wealth distribution or empowerment. ”It is therefore not a problem per se but how the fund generated is put to use to enhance production. The private sector wants to see infrastructure that would help them reduce cost of production”. Reacting as well,Tajudeen Olayinka, Investment Banker & Stockbroker stated: “I think the critical challenge there is the sustainability of debt as measured by (i) Debt to GDP Ratio, (ii) Debt to Revenue Ratio, (iii) Debt to Export Ratio. ”The more sustainable a country’s debt is, the less burdensome it becomes to the economy. Accordingly, Nigeria’s economy must become more productive in the immediate to near term for her to sustain the current level of debt stock. ”This should be the focus of the current administration, even though it inherited huge debt service to revenue ratio that had become unsustainable from the administration of President Muhammadu Buhari. ”A huge U.S. dollar denominated debt could be more threatening than a huge Naira debt. ”Government should therefore manage the country’s debt within the framework of debt sustainability. ”The growth in the stock of savings bond between 2023 and 2024 cannot be said to be life threatening. That segment of government securities market is known to be underperforming”. The federal government had in the 2024 budget estimated N27.50 trillion total expenditure and N18.32 trillion revenue, leaving the FG with a N9.05 trillion fiscal deficit. According to the FG, the fiscal deficit is expected to be financed by a combination of domestic borrowings (N6.04 trillion), foreign borrowings (N1.77 trillion), multilateral/bilateral loan drawdowns (N941.19 billion), and privatisation proceeds amounting to N298.49 billion. https://www.vanguardngr.com/2024/12/fg-overshoots-2024-borrowing-target-by-n4trn/ |
| Education › Re: Parents, Children Shun End-of-year Party, As Fees Soar by Bobloco: 6:05am On Dec 16, 2024 |
It shall never be well with those who worked, supported, and encouraged this wicked, draconian, and calamitous Tinubu regime. In fact, it is already not well with them, which is why they pout, spew vile remarks, and vent their frustrations and anger on anyone who criticizes Tinubu. 60 Likes 6 Shares |
| Politics › Re: Endsars: Activist Arrested For Facebook Remarks Against Tinubu, Egbetokun by Bobloco: 6:01am On Dec 16, 2024 |
Tinubu is now Hitler incarcerate and worse than Idi Amin Dada. 4 Likes |
| Politics › Re: Why Can't PDP Use Other People For Atiku's VP, Why Disturbing Peter Obi? by Bobloco: 4:51pm On Dec 15, 2024 |
helinues:Always making senseless thread and comments Have you remitted today's Ogun market 'Owo mi da' 4 Likes 1 Share |
| Politics › Re: Elections: Learn From Ghana’s Democratic Practice, Tinubu Urges ECOWAS Leaders by Bobloco: 4:43pm On Dec 15, 2024 |
Why is he not telling them to also emulate his brand of Emilokan tribal and ethnic bigotry politics, coupled with the buccaneering power-grabbing, 'snatch it, grab it, and run away with it' mentality? 60 Likes 2 Shares |
| Politics › Milking Nigeria To Death - Punch Editorial by Bobloco(op): 11:48am On Dec 15, 2024 |
THE Obi of Onitsha, Nnaemeka Achebe, has pointedly employed the milking-the-cow-to-death metaphor to warn political leaders against the monumental corruption eviscerating the country’s monolithic economy and short-changing the people. “People go into public office not to serve the public, but to serve their interests. Either we keep doing that and milk the cow to death, or we do the opposite and place Nigeria above all else,” Obi said recently. These words resonate loudly on the streets. The metaphor addresses the mindless plundering of the country’s oil resources by leaders who should ordinarily create and manage the commonwealth with rectitude. The World Bank says, “Oil alone accounts for 40 per cent of the country’s GDP, 70 per cent of budget revenue, and 95 per cent of foreign exchange earnings.” Unfortunately, the leaders have grossly mismanaged the oil-dependent economy and refused to feed it with the nutrients of innovations, accountability, and transparency. Worse, they have abandoned other resource alternatives, putting the economy in a shambles. After its discovery, oil has been subjected to massive, organised theft. The Federal Government and the sub-nationals allocate humongous funds to oil-powered budgets but with little performance every year. Former President Muhammadu Buhari said Nigeria lost $150 billion in oil income to looting in the 10 years to 2015. The state governors collect monthly allocations, waste it, and leave the people in misery. Education is comatose, the health sector is on its knees and the economy is generally in the woods. Former ICPC Chairman, Bolaji Owasanoye (SAN), said in 2021 that Nigeria lost $10 billion to illicit financial flows. The country is littered with abandoned and delayed projects. The Chartered Institute of Project Managers of Nigeria estimates that “abandoned projects stand over N17 trillion.” The Ajaokuta Steel Project, which was conceived 45 years ago to turn around the industrial development of Nigeria and has “gulped $10 billion in 43 years,” has yet to take off. The Minister of Steel Development, Shuaibu Audu, said reviving the gargantuan project would still gulp from $2 to $5 billion. Reconstruction works on the Lagos-Ibadan, Sagamu-Ore-Benin, and Ibadan-Oyo-Ogbomoso-Ilorin expressways are taking forever. Many other expressways suffer from a similar fate. While the Buhari regime borrowed N3.1 trillion to fund the budget deficit in 2022, the Bola Tinubu administration borrowed $2.21 billion to fund N9.18 trillion ($5.46 billion) for the same purpose in 2023. The management of NNPC, the country’s metaphorical cow, leaves much to be desired. The first financial report of the NNPC was released in 2020 after over four decades of its operations, with all the refineries posting negative results. This month, VOA quoted NNPC saying that Nigeria loses 200,000 bpd or about $10 billion annually to theft. Nigeria’s leaders who are supposed to design its road map to greatness are its worst locusts. Former Head of State, Sani Abacha looted more than $3 billion between 1993 and 1998. The $12.4 billion Gulf Oil War windfall would later become a subject of litigation and controversy. While the EFCC said it traced $115 million stashed away to influence the 2015 general elections to a former minister, “at least N47.2 billion and $487.5 million in cash and properties have been traced to the (same) minister by the anti-graft agency.” The anti-corruption agency seized a 753-duplex estate linked to a yet-to-be-disclosed public officer in Abuja recently. It has arraigned a former Governor of Kogi State, Yahaya Bello, for alleged N80.2 billion fraud. Successive governments leave tales of corruption, thus leading a stupendously blessed country into needless borrowing 64 years after independence and 64 years after the discovery of oil in commercial quantities. In sane climes, leaders build structures and allow institutions to drive governance and check corruption. However, Nigeria’s leaders refuse to build institutions and have elevated corruption to damaging levels. In 2022, a court in China sentenced a former justice minister, Fu Zhenghua, to life imprisonment for bribery involving over $16 million. Unfortunately, Nigeria plays politics with corruption. Ex-Plateau State Governor Joshua Dariye was jailed for mismanaging the state’s N1.16 billion funds but was later ignominiously pardoned. His Bayelsa State counterpart, Diepreye Alamieyeseigha, was found guilty in London for laundering multimillion pounds and jailed in Nigeria for embezzling multibillion naira funds of the state but was also later ingloriously pardoned. When Uzor Kalu was convicted for 12 years for N7.56 billion fraud, the verdict was later overturned on a flimsy technical ground that the trial judge who read the judgement was a vacation judge! The inglorious chain of corruption with impunity walks on all fours countrywide. In serious climes, leaders go into public office to serve, and they come out poorer. US President Bill Clinton left the White House poorer than he assumed office. While US presidents pay for their meals, Nigerian legislators receive mouth-watering sums as monthly earnings. The senators earn N21 million monthly among other emoluments. When news filtered that ranking senators recently received N500 million (annually) for phantom constituency projects, the senator who exposed the secret was suspended. The monumental sums received by local councils have always gone down the drain. Nigeria’s shambolic elections that always end up in the courts contribute to milking the cow to death. At least 50 elections were nullified by tribunals sitting in different parts of the country in the 2015 elections in November that year. The Independent Electoral Commission said it ran a budget of N75 billion for the polls. No doubt, the oil cow is tired and waddling to Golgotha. The government must do something to revive it and inject accountability, transparency, and functionality into its outcomes. Diversification breeds other types of cows. The government must return to its diversification policy that will radically put its agriculture, mining, creative economy, and other revenue-generating sectors in the ranch of productive cows. The 2005 National Political Reforms Conference set up by President Olusegun Obasanjo says in its report that every state has at least five minerals in commercial quantity under its soil. All anti-investment laws should thus be amended. The states should have the power to explore mineral resources. Other countries are exploring alternative energy sources while applying technology to manage their oil business chain. The federal and state governments must imbibe these initiatives and give Nigeria’s economy a breath of fresh air. Turning Nigeria’s economy around is a collective effort. Legislators must prioritise Nigeria by enacting pro-governance and development laws. The judiciary should introduce radical reforms that will purge it of bad eggs and re-earn its place as the last hope of the common man and the country. The people should take an active part in politics and governance, and civil society organisations should play a more active role in monitoring the leaders. There is a need to review Nigeria’s expensive electoral system, which gives electoral victory to the highest bidder. The people and civil society must push for an electoral system that will make the cost of contesting elections inexpensive and people-driven. It is the only way to make competent and good people contest elections and make the people own their democracy. Prevention is the key to averting corruption. The Due Process Office introduced years back should be revitalised by all three tiers of government for accountability and transparency purposes so that the dying cow can live, its young ones can be well nourished, and the country can attain prosperity and development. https://punchng.com/milking-nigeria-to-death/ 2 Likes |
| Politics › Re: Afe Babalola's Conditions And Dele Farotimi's Counter Condition by Bobloco: 11:42am On Dec 15, 2024 |
budaatum:Fact! |
| Politics › Re: Xmas: Police Chief Warns Officers Against Extortion, Brutality by Bobloco: 11:41am On Dec 15, 2024 |
Richtaiwo:For the first time, I seem to agree with you, Richtaiwo 16 Likes |
| Politics › Re: Kemi Badenoch And Her Kids In Lagos (photo) by Bobloco: 11:31am On Dec 15, 2024 |
gidgiddy:This are mere distractions Tinubu and Shettima should focus on the task of fixing the economy, for which their 'bolekaja' economic policy prescriptions have succeeded in inflicting untold hardships, hunger, and starvation, the likes of which have never been witnessed in the history of this country, and leave Kemi alone. |
| Politics › Re: NNPC Reduces Fuel Price by Bobloco: 9:09am On Dec 15, 2024 |
kaltonga: |
| Politics › Re: Focus On Something Useful, Not Kemi Badenoch, Atiku’s Aide Tells Shettima by Bobloco: 8:42am On Dec 15, 2024 |
Mynd44:Mynd44, tell Tinubu and Shettima to focus on the task of fixing the economy, for which their 'bolekaja' economic policy prescriptions have succeeded in inflicting untold hardships, hunger, and starvation, the likes of which have never been witnessed in the history of this country, and leave Kemi Badenoch alone. |
| Politics › 2027: Akume Wrong, There Is Vacancy In Aso Rock – Galadima by Bobloco(op): 8:31am On Dec 15, 2024 |
…Says there are moves to compromise leaders of political parties Amid the defections of federal lawmakers from the opposition parties to the All Progressives Congress (APC), the ruling party at the federal level, a move which appears to be a boost to the chances of the APC in the 2027 polls, Secretary to the Government of the Federation, SGF, Senator George Akume, recently stated that there is no vacancy in Aso Rock in 2027 as President Bola Ahmed Tinubu has to complete two tenures in office.https://www.vanguardngr.com/2024/12/2027-akume-wrong-there-is-vacancy-in-aso-rock-galadima/ 3 Likes
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| Politics › Re: Tinubu On Economy: I Don’t Take Pleasure In Causing Pain by Bobloco: 8:25am On Dec 15, 2024 |
The great Tinubulation for a reason |
| Politics › Re: Nigeria Police, Judges Are The Highest Bribe Takers - UN by Bobloco: 8:06am On Dec 15, 2024*. Modified: 5:57am On Dec 16, 2024 |
The energy they are exhibiting in trying to shut down and lock up Dele Farotimi over his book Nigeria and it's Criminal Justice System further confirms it 5 Likes |
| Politics › Re: Nigeria Doesn't Need Mercenaries To Fight Terrorists - Defence Chief, Musa by Bobloco: 6:38am On Dec 15, 2024 |
So that the insurgency can continue indefinitely, ensuring more funds are allocated to fight it, which will enable you to siphon them. 1 Like |
| Politics › Re: LG Autonomy: We’ll Jail Officials Helping Governors Divert Allocations — FG by Bobloco: 8:31pm On Dec 14, 2024*. Modified: 9:21pm On Dec 14, 2024 |
What an irony! One standout feature of the Tinubu administration is the fact that it is not interested in fighting corruption. In fact, when they make statements like this, pretending to fight corruption, their body language and actions betray them. They know, for a fact, that they lack the integrity and capacity to fight corruption. Corruption cannot be fought when you have held the Lagos state treasury for over two decades, siphoning its commonwealth into your pocket, only to turn around and claim you are fighting corruption. Corruption cannot be fought when Ganduje is caught on camera stuffing his babariga with money believed to be from the coffers of Kano state. Instead of going to jail, Tinubu rewarded him with an appointment, making him the national chairman of the APC. We could go on and on. 3 Likes |
| Politics › Re: Defamation: Afenifere Pays Dele Farontimi Visit In Prison by Bobloco(op): 3:48pm On Dec 14, 2024 |
helinues:  |
| Politics › Re: What Are You Currently Enjoying As A Citizen Of Nigeria? by Bobloco: 3:40pm On Dec 14, 2024 |
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| Politics › Re: 2027 Presidency: PDP Invites Jonathan As Party’s Fate Hangs On NEC by Bobloco(op): 3:02pm On Dec 14, 2024 |
Heavensake1:This perfectly describes your current state
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| Politics › Re: Professor Mahmood Yakubu Is Not Dead! - INEC by Bobloco: 2:39pm On Dec 14, 2024 |
1 Like |
| Politics › Re: 2027 Presidency: PDP Invites Jonathan As Party’s Fate Hangs On NEC by Bobloco(op): 2:34pm On Dec 14, 2024 |
Heavensake1:You are actually the one that has lost it all in critical reasoning. |
| Politics › Re: 2027 Presidency: PDP Invites Jonathan As Party’s Fate Hangs On NEC by Bobloco(op): 2:06pm On Dec 14, 2024 |
PepeXKermit:You overestimate this Tinubu. Tinubu is a mere mortal. Without El-Rufai, do you think Tinubu would have been the APC presidential candidate? Is this not the same Tinubu who was defeated in Lagos, beaten black and blue like a common criminal by a new entrant into the presidential race, barely six months before the presidential election? If you were told that Tinubu would be defeated in Lagos, the same Lagos he built from scratch, would you have agreed? The answer is an emphatic no. If GEJ contests the 2027 election, he will defeat Tinubu on election day before 10 AM, even if Remi Tinubu is the INEC chairman. 2 Likes |
| Politics › Re: 2027 Presidency: PDP Invites Jonathan As Party’s Fate Hangs On NEC by Bobloco(op): 1:00pm On Dec 14, 2024 |
alcaptainero:Make your own calculation make we see |
| Politics › Defamation: Afenifere Pays Dele Farontimi Visit In Prison by Bobloco(op): 12:41pm On Dec 14, 2024 |
The national caucus leaders of the Yoruba sociopolitical group, Afenifere, on Friday paid a solidarity visit to lawyer and author, Mr Dele Farotimi, at the Ado-Ekiti Correctional Centre. The Yoruba leaders delivered a private message from their national leader, Chief Adebanjo, and inquired about his wellbeing. Amidst a suit against Farotimi for allegedly defaming the founder of the Afe Babalola University, Ado Ekiti, ABUAD, Chief Afe Babalola, he is a member of the national caucus of Afenifere. A statement issued by the Deputy Secretary General, Alade Rotimi-John, stated that the Afenifere leaders expressed their disappointment at the travesty occasioned by the chief magistrate who presided over the case on Tuesday when he declined to see the need to give urgent attention to an application for bail for a bailable offence, particularly since it is already a deeply disturbing miscarriage of justice for Mr Farotimi to have been remanded in the correctional centre in the first place. According to the statement, “Afenifere will wait to consider its next line of action after the ruling of the chief magistrate on December 20.” The national caucus leaders of Afenifere, in attendance at the correctional centre, according to the statement, included Chief Supo Shonibare, Basorun Segun Sanni, Mrs Nike Olujembola, Mrs. Toyin Falade, Pastor Olayemi Olajuyinnu, and Mr Tunde Babarinde, among others. https://dailypost.ng/2024/12/14/defamation-afenifere-pays-dele-farontimi-visit-in-prison/ 1 Like |
| Politics › Re: 2027 Presidency: PDP Invites Jonathan As Party’s Fate Hangs On NEC by Bobloco(op): 12:32pm On Dec 14, 2024 |
Bluntemperor:Come 2027, APC must have spent 12 solid years in power. This is just 4 years shy of the number of years PDP was in power in the presidency. What can you identify that the party has done? Nothing. It has inflicted upon this nation the greatest famine ever. The party imposed on the country a notorious narcotics trafficker, certificate forger, and buccaneering power grabber engaging in criminal state capture. A guinea pig student from Government College Lagos used to test run the school four years before it was established. |
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