Connect with us

General

2019: Buhari Wants to Cripple Atiku’s Businesses—Group

Published

on

buhari-economy-recovery-plan

**Blasts President Over Termination of Atiku Firm’s Deal with NPA

By Dipo Olowookere

A group known as Democracy Coalition has slammed President Muhammadu Buhari over the cancelation of a deal signed between the Nigerian Ports Authority (NPA) and a firm belonging to former Vice President, Mr Atiku Abubakar, Intels.

In a statement issued yesterday by the National Coordinator of Democracy Coalition, Mr Michael Williams, the group accused the President of witch-hunting those he feels might stop his return to Aso Rock for the second time in 2019.

The coalition alleged that the Mr Buhari administration’s “witch-hunting policy” led to the “termination of the boat pilotage monitoring and supervision contract Atiku’s company Intels had with the Nigerian Port Authority (NPA) because of Atiku’s interest in contesting the 2019 presidential

election against the rumoured re-election bid of the President.”

It said, “There is no doubt that the move is part of the wider conspiracy to attack and cripple the business interest of the former Vice President who is also the biggest employer of labour in Nigeria.

“To say the least, the terminated contract is an open admittance by the failed Buhari government that Atiku’s Presidency is inevitable come 2019.

“Anybody fooling himself with an overdose of cocaine syrup and is thinking that Atiku will go broke and back out of the 2019 Presidential race is only suffering from the placebo effect of the drug.

“With the $25 billion contract scandal in the NNPC and with the massive corrupt practices going on in the failed Buhari Government, the ailing President Buhari has shown that his much trumpeted fight against corruption by this draconian and clueless regime is nothing but a hoax.

“With the latest clampdown on one of the multinational businesses in Nigeria, the failed Buhari government has demonstrated once again that he hates domestic and foreign investments in the country. What this action means is that under Buhari, investments are not safe in Nigeria.”

The group said further in the statement that, “Donald Trump ran for President against Barrack Obama’s anointed candidate in 2016 but Obama did not go against his business interest.

“Hence, the latest move against Atiku by President Buhari has really emboldened Nigerians to rally round Atiku and support him to become their President in 2019.

“Therefore, we are asking the ailing President Buhari to start writing his hand-over note because Atiku’s Inauguration on May 29, 2019 as Nigeria’s new President has become inevitable.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

Advertisement
2 Comments

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

General

NUPRC Probes Gas Bubbling in Bille Community in Rivers

Published

on

gas bubbling bille

By Aduragbemi Omiyale

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has commenced an investigation into a gas bubbling incident in Bille community in Rivers State, but preliminary “deductions and field observations indicate that the gas bubbling may be associated with a subsurface phenomenon that could be linked to a variety of triggers.”

In a statement signed by its chief executive, Mrs Oritsemeyiwa Eyesan, on Thursday, the agency said it was worried about the unfortunate incident, assuring residents that efforts are being made to address the issue.

The commission acknowledged the concerns the “unsavoury development has raised in relation to public safety, the environment, and the health of the populace,” stressing that, “The overall well-being of our communities and the protection of the environment remain paramount to the commission, as they are to government.”

It stated that, “Upon notification of the incident, the commission activated a coordinated technical investigation process in line with established regulatory protocols to assess the nature and extent of the gas seepage, identify source(s) and potential cause(s), and propose immediate and long-term mitigation measures.”

“The investigative study is being conducted in collaboration with stakeholders to ensure comprehensive, fact- based outcomes for long-term sustainability,” it added.

“Detailed geotechnical and geological analyses are ongoing to determine the contributing factor(s) and possible remedies for prompt implementation,” the statement further said.

“The commission assures the Bille community of its resolve to ensure that necessary actions required to address the situation are taken in line with applicable regulations, industry standards and global best practices.

“Once again, the commission commiserates with the Bille community as we work assiduously with all stakeholders to unravel the incident, and enjoins members of the community to maintain the commendable level of responsibility whilst adhering to all safety measures and public health advisories issued by the relevant authorities,” the statement disclosed.

Continue Reading

General

Akwa Ibom Denies Plan to Sell Ibom Power Company

Published

on

Ibom Power Company

By Adedapo Adesanya

The Akwa Ibom State Government has dismissed claims that it plans to sell Ibom Power Company, describing the allegation as false and reaffirming its commitment to reviving the state-owned electricity asset through debt repayment and structural reforms.

In a statement issued on March 18, the Commissioner for Information, Mr Aniekan Umanah, said a report by a Uyo-based tabloid alleging plans to dispose of the company was “a wicked fabrication” that should be disregarded.

“At no time has the government approved the sale of Ibom Power Company as scrap or otherwise,” the statement said, adding that such claims exist only in the “imagination of mischief-makers intent on misleading the public.”

Instead, the government said it is focused on stabilising the company’s operations by clearing legacy debts, including a $9 million facility obtained from Afreximbank several years ago.

According to the statement, Governor Umo Eno approved a structured quarterly repayment plan of $560,000 beginning March 15, 2025, aimed at gradually liquidating the loan.

The government described the move as part of broader efforts to “rescue and reposition Ibom Power Company for sustainable operations,” stressing that the approach reflects a commitment to “revival, stability, and long-term value preservation, not liquidation.”

Beyond debt repayment, the state also outlined ongoing electricity sector reforms anchored on a Private Sector Participation (PSP) framework designed to attract investment while retaining public ownership of assets.

Under the initiative, the government said it has established key institutions, including the Akwa Ibom State Electricity Regulatory Commission and Ibom Electricity Holdings Limited, to strengthen oversight and coordinate state-owned electricity assets. Shares of the holding company have also been vested in the Akwa Ibom Investment Corporation.

The concession model being introduced will allow qualified private operators to rehabilitate, finance, and manage electricity infrastructure over a defined period, with strict performance benchmarks and regulatory supervision.

The government said the framework is structured to ensure that “the State will retain ownership and strategic control of all electricity assets,” while transferring operational and commercial risks to private sector participants.

It added that the reform programme is expected to improve reliability, resolve longstanding challenges, and promote a more efficient electricity market without placing additional fiscal pressure on the state.

On recent power outages across parts of Akwa Ibom, the government noted that electricity transmission and distribution currently fall outside its direct control. However, it said efforts are ongoing to engage relevant authorities to address the disruptions and improve supply.

The statement also criticised the publication that carried the initial report, accusing it of spreading misinformation and warning that “government’s measured silence should not be mistaken for weakness,” citing existing laws on libel and defamation.

Continue Reading

General

Eid-el-Fitr: Gaya Urges Prayers Against National Challenges

Published

on

NSIA Abdullahi Mahmud Gaya

By Modupe Gbadeyanka

Nigerians have been urged to use the occasion of Eid-el-Fitr to intensify prayers against the challenges confronting the nation.

This appeal was made by the independent non-executive director of the Nigeria Sovereign Investment Authority (NSIA), Mr Abdullahi Mahmud Gaya.

Mr Gaya described the current situation in the country as a test of citizens’ spiritual resolve and faith, tasking Muslims to reflect on the deeper significance of Eid-el-Fitr, noting that the festival symbolises sacrifice, obedience to Allah, and compassion for the less privileged.

“Every Muslim finds joy in observing the Ramadan fast, a fundamental obligation in Islam. We should not lose sight of the lessons it teaches: obedience to Allah, sharing our blessings with the needy, and being our brother’s keeper,” he said in a statement issued by his media assistant in Kano.

Speaking on the forthcoming general elections, Mr Gaya advised the electorate to vote for selfless leaders committed to national service and the welfare of Nigerians, describing the polls as a choice between progress and regression, stressing the need for voters to support candidates with verifiable achievements rather than empty promises.

He also urged Nigerians to remain mindful of their civic responsibilities by choosing leaders who demonstrate integrity, sincerity, and dedication.

According to him, the country’s future depends on the electorate exercising their voting rights wisely to elect leaders who understand the responsibilities of public office and approach them with humility, competence, and genuine commitment to service.

Mr Gaya expressed gratitude to Almighty Allah for His mercies and felicitated with the people of Ajingi, Gaya, and Albasu Local Government Areas, as well as Governor Abba Kabir Yusuf and Nigerians at large, on the successful completion of the Ramadan fast.

Continue Reading

Trending