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According To Uba Sani, 70% of Adults In The North Do Not Have Bank Accounts.

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The gubernatorial candidate of All Progressives Congress(APC) in Kaduna state, Senator Uba Sani, has said that 70% of adults in the North are unbanked, which partly explained the high level of poverty in the area.....KINDLY READ THE FULL STORY HERE▶

He said he is the only senator that has two bills that have been signed into law in the 9th Senate of the Federal Republic of Nigeria.

The lawmaker said that he has sponsored 31 bills and seven of them have been passed by both the House of Representatives and the Senate, waiting for the president’s assent, adding that ‘’and by the Grace of God, I will ensure that three or four of these bills are assented to before I leave the senate.’’

Senator Sani who represents Kaduna Central Senatorial District, challenged the Peoples Democratic Party(PDP) gubernatorial candidate who was in the House of Representatives for 8 years on the bill he sponsored or moved a motion in the period.

The legislator further said that the New Nigerian Peoples Party(NNPP) candidate has moved a few motions in his four years as senator but there was not a single bill to his credit.

The gubernatorial candidate made these disclosures when he addressed the Political Committee of the Kaduna chapter of Nigerian Labour Congress(NLC) on Friday.

According to him, all his 31 bills, including the ones that have been assented by President Muhammadu Buhari, centre on people’s welfare, especially the Bank and Other Financial Institutions Act(BOFIA) amendment Law which focuses on financial inclusion for the downtrodden.

Senator Uba Sani said that 70% of adults in northern Nigeria are unbanked and this partly explains the high level of poverty in the area, adding that that is why ‘’I included a clause in the BOFIA bill, mandating anyone that is 18 years and above should be financially included.’’

The Senator also said that the amendment Bill to the Asset Management Corporation of Nigeria(AMCON) Law, is aimed at instituting justice and equity as well as ensuring transparency.

‘’In 2009, when banks were going down because of the global economic recession, Nigerian government brought out N4.7 trillion to buy bad loans from the banks.

‘’ What it means is that individuals borrowed money from the banks to the tune of N4.7 trillion, and the banks themselves were going down and this will affect the entire economy.

Senator Sani recalled that AMCON was created to take over those loans and it paid money to the banks in order to keep them afloat and AMCON was mandated to recover that money.

‘’But when I came into the Senate in 2019, I looked at the list and realized that 350 Nigerians were responsible for the N3 trillion debt. And who are these Nigerians?

‘’Most of them have houses in America, in the United Kingdom and Dubai. Some of them even had private jets,’’ the gubernatorial candidate disclosed, adding that about 2,000 Nigerians were responsible for the remaining N1.7 trillion debt.

Senator Sani said that what these figures show is that Nigerian tax payers money was used to save some banks and AMCON has been unable to recoup this money from some rich people, who seem to be above the law.

According to him, it is unacceptable for few elites to live off the commonwealth of the nation and the practice is also undemocratic, adding that ‘’I kept complaining in the Senate and saying that we need to amend the AMCON Act.’’

The legislator then asked AMCON officials what the impediments against the recovery were and they said that most of the debtors are rich and powerful people who frustrated their efforts with endless litigations.

The gubernatorial candidate said that he discovered that most of the collaterals that these big time debtor pledged before taking the huge loans, were properties or assets that were less in value to the loans that they collected.

‘’The total loans against their names, like I said earlier, was N4.7 trillion but the value of their assets was just N700 billion. This means that there was insider trading. And most of these collaterals are assets located in their villages and towns,’’ he said.

Senator Sani who is the Chairman of Committee on Banking, Insurance and Other Financial Institutions, said that he amended the AMCON Act, by inserting a clause that allows for asset tracing, which means that AMCON can trace any of the debtors’ houses that is located in any part of the country, irrespective of the one that they pledged as collateral, and seize them.

‘’Those debtors have mansions in Abuja but they gave the houses in their villages as collaterals. As we are speaking, Mr President has assented to the amendment on 31st November 2021. Today, I was told that because of that amendment, AMCON has recovered N1.5 trillion,’’ he disclosed.

According to him, the money will be channeled to Micro, Small and Medium Enterprises(MSMEs) in Nigeria and the owners can access the loan with their Bank Verification Numbers as collaterals. ‘’That is why we have been given loans,’’ he added.

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‘He Refused To Step Aside’ – Orji Kalu Recalls Obasanjo’s Alleged One-Term Promise.

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Former Abia State Governor, Orji Uzor Kalu, has revealed the circumstances that led to the breakdown of his relationship with former President Olusegun Obasanjo.....KINDLY READ THE FULL STORY HERE▶

Kalu said their disagreement stemmed from an alleged agreement that Obasanjo would serve only one term as president before handing over power to former military Head of State, General Ibrahim Babangida.

He explained that the understanding was reached among himself, Babangida and Obasanjo before the latter was supported to become Nigeria’s president.

Kalu made the disclosure during an appearance on Arise Television, where he spoke about his political relationship with the former president.

According to him, the arrangement was for Obasanjo to serve a single four-year term from 1999 to 2003 before transferring power to Babangida.

He said, “I had a very good relationship with President Obasanjo, and it went sour. And it didn’t go sour because I wanted what I wanted to have as a person. It’s because I wanted something for all of us Nigerians.

“Because most of the things we discussed, he didn’t do. We discussed that he would be president for four years. We discussed that he would only do four years and leave, and another person would take over. We helped him a lot when he came out of prison. We maintained our support to make sure that he succeeded.”

The former governor further explained that Obasanjo was expected to hand over power to another political bloc after completing his first term.

He noted that Obasanjo’s emergence as president in 1999 was partly aimed at addressing the political grievances of the South-West following the annulment of the June 12, 1993 presidential election and the death of its presumed winner, Chief MKO Abiola.

Kalu added that the arrangement was also expected to sustain the rotation of power, with the presidency eventually returning to the North.

However, he said he could not confirm reports that Babangida had considered making him vice president under the proposed political arrangement.

“Whether he had given IBB to make me vice president, I don’t know. Man, I never thought about that. But the one you’re certain about is what I was certain about,” he added.

Reflecting on the disagreement, Kalu said he was much younger at the time but had since grown older and become more conscious of the importance of honouring political agreements.

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‘I Danced With Tinubu’ – APC Chairman Responds To Questions About President’s Health.

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The National Chairman of the All Progressives Congress (APC), Nentawe Yilwatda, has urged Nigerians to support President Bola Tinubu’s re-election bid, insisting that the President is physically fit to continue leading the country.....KINDLY READ THE FULL STORY HERE▶

Yilwatda made the appeal on Monday night while appearing on Channels Television’s Politics Today.

He argued that Tinubu’s recent visits to Akwa Ibom and Rivers States on Friday demonstrated his physical fitness and ability to handle the demands of the presidency.

Speaking during the programme, Yilwatda said he personally witnessed the President dancing during his visit to Akwa Ibom.

“Did you watch him (Tinubu) dance in Akwa Ibom? I was there live and I danced with him, he danced to the music of the people,” he said.

The APC chairman maintained that Tinubu’s schedule during the visit showed that he was capable of handling demanding engagements.

“Tinubu is fit to go. He was in Akwa Ibom, he had a dinner, town hall meeting with the people that same Friday, he engaged the people late in the night after the dinner and the next morning he was in Rivers.

“And if someone is not fit, he will do 48 hours of non-stop engagements and trips at the same time? Bring another complaint,” Yilwatda added.

He also explained that the APC had arranged Tinubu’s campaign schedule in a way that would prevent governance from suffering.

According to him, the President would spend two days campaigning and three days attending to official duties, with visits to Jigawa and Jos also scheduled.

Yilwatda further disclosed that the Senate President and Speaker of the House of Representatives had advised against participating in every campaign activity to ensure that the National Assembly continued its work.

He said the party had equally staggered the activities of members of its National Working Committee to prevent its operations from being disrupted by the campaign.

The APC chairman questioned whether governance, the National Assembly and the party should be shut down simply because of the election campaign, describing such a suggestion as unreasonable.

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‘How Did She Win?’ – OK Movement Questions Natasha’s Kogi Central Mandate.

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The Obi-Kwankwaso Movement has responded to Senator Natasha Akpoti-Uduaghan, representing Kogi Central, following her criticism of the group’s call for an investigation into her distribution of millions of naira to constituents.....KINDLY READ THE FULL STORY HERE▶

News reports that Akpoti-Uduaghan had criticised the Movement for urging the Economic and Financial Crimes Commission (EFCC) to investigate her cash empowerment programme, which she claimed was funded through a Federal Government budgetary allocation.

However, speaking in an interview with Punch, the Director-General of the Obi-Kwankwaso Movement, John Ughulu, said the senator’s response failed to address the concerns raised by the group.

Ughulu maintained that elected public officials needed continuous orientation on their constitutional duties, ethical responsibilities and accountability to the people.

He said the widely discussed cash distribution had raised concerns about the possible misuse of public office and the integrity of Nigeria’s electoral process.

According to him, if investigations establish that the money was distributed to influence voters ahead of an election, the action could amount to advance vote buying and should be examined under relevant electoral laws.

Ughulu stated:

“What Nigerians witnessed in the widely discussed money distribution incident raises serious questions about the abuse of public office and the integrity of our electoral process.

“If the circumstances establish that the money was distributed to influence voters ahead of an election, the matter could amount to advance vote buying and should be investigated under the relevant provisions of Nigerian electoral law.”

The movement’s director-general also challenged Akpoti-Uduaghan to clarify whether similar cash distributions formed part of her election campaigns, arguing that the circumstances surrounding her emergence as a senator also warranted scrutiny.

He said:

“The election that brought Senator Natasha into the National Assembly was decided by the people. Therefore, an important question must be asked: Was the same practice of distributing money to influence voters involved in securing her electoral victory?

“That question deserves a factual answer, not an emotional reaction.”

The group further rejected suggestions that its criticism was politically motivated, insisting that its position on electoral accountability applied to politicians across party lines, including candidates of the Nigeria Democratic Congress (NDC).

Ughulu stressed that the movement would not overlook alleged electoral misconduct involving individuals within its political camp while condemning similar actions by members of other parties.

He added:

“We cannot condemn alleged electoral malpractice under the present administration while appearing to tolerate similar conduct from individuals within our own political space. The same standards of integrity, transparency and accountability must apply to everyone.

“The OK Movement will not make exceptions for anyone. This applies equally to NDC candidates and candidates of every other political party. Anyone involved in electoral manipulation, vote buying, result falsification or any attempt to undermine the will of the electorate should expect lawful scrutiny and accountability.”

Ughulu also warned that the movement would explore legal options to demand accountability if the EFCC or other relevant agencies failed to investigate credible allegations.

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