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ATIKU vs BUHARI by Opeyemi Agbaje

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Alhaji Abubakar Atiku and his party the PDP have already achieved something that would have been considered highly improbable just a few weeks ago-transformed the 2019 presidential elections into a real competitive context with the incumbent President Muhamadu Buhari. From the beginning of 2018, my analysis and scenario building ascribed a probability of 65 per cent to Buhari retaining the presidency-not an eventuality I considered desirable by any means whatsoever, but one that seemed inevitable for most of this year! I have since revised my calculations, and I now think the 2019 battle is a 50:50 affair between Atiku and Buhari!
The fact that Buhari even stands any chance of victory is not a good commentary on Nigeria and our political system. Indeed the fact that he could be elected in 2015 in spite of a record unambiguously comprised of tendencies towards dictatorship, (of a draconian type); incompetence in policy, economy and administration; abandonment, if not complete dereliction of duty, in favour of subordinates; acute nepotism and provincialism as well as ethnic, religious and sectarian parochialism of an extreme variety demonstrates the shallowness of our public and civic consciousness as a people and the utter cynicism and self-centredness of our political elite.
If the historical error of 2015 was either permissible or understandable due to the naivety, weakness and poor strategic faculties of the Goodluck Jonathan administration, countenancing the re-election of Buhari in 2019 is sheer irresponsibility amounting to a near sentence of death on the concept of a prosperous, united, federal, free and democratic Nigerian nation state. The “best” (actually a cynical and naive rationalisation, rather than plausible) argument anyone has offered for re-electing Buhari has been the plea that we should allow Buhari spend a second term of four years in order that presidency may “return” to the South or South-west.

That argument discountenances the incompetence in economic policy and management that has accentuated poverty and unemployment, and banished real economic growth in the country. It discounts the utter misery in which millions of our people are condemned and virtually assures the destruction of our economic fortunes after a possible eight years of policy statis and retrogression. It disregards the state-condoned (or worse!) murders in the middle belt, of Shiites and Biafrans anytime they protest; and the resurgence of daily killings by the “technically-defeated” Boko Haram while the government keeps mute. It ignores the lack of hope that drives our young people into exile-across the Sahara for the poor; and into another brain drain into, Europe, Canada, Asia and the United States for the more fortunate. It rationalises the shocking hypocrisy over a now completely discredited anti-corruption war in which the APC’s broom has become like the blood of our Lord and Saviour Jesus Christ that washes away all sins and sanctifies even current rogues who loot the NNPC, funds for internally-displaced persons or commit other crimes of gross corruption.
Those whose family and relations have been killed by roving killers in Benue, Plateau, Nasarrawa, Kaduna and other places will not lightly wish for four more years of such wickedness, based on cynical elite power calculations, and neither will unemployed youths whose chances of securing jobs are undermined by weak policy, or by selective employment of privileged children of the new political elite. Unfortunately there are large segments of the Nigerian population for whom “progress” is not defined in terms of education, prosperity or development but based on ethnic, sectarian, religious or other identification while on the other hand, many define “progress” on strictly personal grounds-what office do I hold? How many contracts have I received?? What are my prospects of getting an appointment or a contract?
The prospects of an Atiku presidency are not without their own complications. Atiku’s brand has been badly tarnished by his former boss, President Olusegun Obasanjo. Most Nigerians associate his reputed immense wealth with corruption; his peripatetic movements from PDP to ACN, then APC and back to PDP have strengthened the image of a typical (meaning unprincipled) Nigerian politician. In other circumstances, many Nigerians would not want to vote in a President Atiku Abubakar, but faced with the alternative of four more years of Buharian recession or low growth; a rapid slide towards despotism; a mockery of an anti-corruption war; and growing poverty and misery, the Atiku option has become seemingly unavoidable!
If one could discount the perverse role of incumbency in Nigerian presidential elections, I would in fact upgrade Atiku’s chances beyond 50% and predict his victory (several global media and financial institutions including the Economist, Financial Times and HSBC Bank are already anticipating Buhari’s defeat and I suspect Western leaders seeing increased migration out of Nigeria are reaching similar conclusions), but the reality of a potentially despotic ex-military dictator; who sought power unrelentingly from 2003 until he got it in 2015; who has centralised military, security and intelligence in a narrow circle of Hausa/Fulani/Kanuri Muslims; who has appointed his relatives into INEC and conducted less than credible elections in Kogi, Ondo, Ekiti and Osun States; and who has no qualms about the killing of Shiites, Biafrans and other protesters, cautions that anyone who hopes to see the end of Buhari’s incompetent and dysfunctional government should focus as much on electoral campaigns as on global diplomacy, citizen mobilisation and ensuring and protecting the process of free and fair elections!

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Meet The New 47-year-old Alaafin Of Oyo, Prince Akeem Owoade

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Prince Akeem Owoade is a Nigerian and Canadian entrepreneur, philanthropist, and president of 100279 Manitoba Limited, a  real estate investment and financial services business in Manitoba, Canada.

 

Born 47 years ago to a prominent and royal family of Owoade-Agunloye in Oyo town, Prince Akeem Owoade is one of the surviving children of Pa Rasaki Ibiyosi Owoade, the descendant of Aremo Aderounmu Iyanda Owoade, Agure Compound, Oyo town in Oyo State, Nigeria.

Prince Akeem Owoade completed his secondary school education at Baptist High School, Saki, Oyo State, Nigeria in 1992. His father worked for Oyo North Agricultural Development Programme (ONADEP) helping Oke-Ogun community in boosting agricultural productivity.

aking an early interest in engineering, Prince AkeemOwoade began his engineering studies by completing his National Diploma and Higher National Diploma in Mechanical Engineering from ‘The Federal Polytechnic, Ilaro, Ogun State (1994 to 1997) and The Polytechnic, Ibadan (1999 to 2001), Oyo State. Nigeria respectively. He did his NYSC with Nigeria Gas Company as Mechanical Intern/Planner in 2002.After the completion of his NYSC, he worked with Oceanic Bank International Plc. in Warri as a teller. (2003 to 2004).

Prince Akeem Owoade decided to further his education in the United Kingdom where he attended University of Sunderland (2008) and Northumbria University (2012)

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Panic As Governor’s Official Car Got Stolen

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Confusion and fear was the order of the day at one of the Government houses in the Southwest some days ago when one of the official vehicles of the Governor, a bullet-proof jeep allegedly disappeared from the garage.

The SUV which is said to be one of the three bullet-proof vehicles being used for the Governor’s official assignment was discovered missing.

The Governor who was out of the country on a short, rest leave was claimed to have been disturbed when he was alerted.

Sources claimed it wasn’t the first time things would get missing at the Governor’s private residence.

‘There had been series of thefts, ranging from missing cash, phones and other expensive items, it’s usually swept under the carpet. Indiscipline is the order of the day here’, a source confirmed this to papermacheonline.

The State Governor, a quiet individual who is spending his second time in office was said to have been disturbed by the occurrence that he had to cut short his leave and return home. One of his closest aides was also kidnapped recently.

 

 

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Former First Bank Employee Accuses Oba Otudeko, Bisi Onasanya Of Massive Fraud

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A former First Bank of Nigeria Limited employee, Adesuwa Ezenwa, has accused billionaire industrialist Oba Otudeko and former Managing Director Bisi Onasanya of massive fraud during Otudeko’s tenure as chairman of FBN Holdings Plc.

In court documents filed at the National Industrial Court of Nigeria, Ezenwa alleges that unsecured loans of approximately N12 billion were granted to a company in which Otudeko has significant investments, disguised as loans to Stallion Group of Companies.

Ezenwa, who was summarily dismissed in October 2016, is seeking redress for her termination and demanding N500 million in damages and N25 million in legal costs. She claims that she was made to bear the consequences of granting unsecured loan facilities worth billions of naira to companies linked to Otudeko and Onasanya, while her superiors who approved the credit were not penalized.

Ezenwa joined First Bank in 2002 and became a relationship manager in the corporate banking division in February 2016. She alleges that her superiors, including Abiodun Olatunji and Cecilia Majekodunmi, who worked closely with Onasanya, were involved in the fraudulent activities.

“As a relationship manager, I worked under the supervision and direction of my branch manager and group head and signed official correspondence only after they had approved and/or signed same. I had no independent authority in relation to the grant or disbursement of loans or other banking facilities,” Mrs Ezenwa said.

According to the claimant, she executed a large number of documents while she was still employed by First Bank, but only after approval by her bosses and on their direction.

She said she was summoned on 25 August 2015 to appear before a credit disciplinary committee reviewing facilities availed to a company known as Supply and Services Limited, a subsidiary of Royal Ceramics Group, one of the major customers of the bank.

The plaintiff said the committee could not determine whether she had a personal interest in any of the loans granted or whether she made any gain related to her duties. She said she was, however, blamed during proceedings for not whistleblowing on some of the deals endorsed by Mr Olatunji and Mrs Majekodunmi.

“The admonition was most unfair and unwarranted as I was in no position to whistleblow on my superiors … The persons to whom these reports would have been made were the very persons who were the perpetrators of the misdeeds,” she said.

A litany of allegations against Mr Otudeko

Mrs Ezenwa disclosed that unsecured loans of roughly N12 billion were availed, on one occasion, to a company in which Mr Otudeko has significant investment even though the facility was masked as loans granted to Stallion Group of Companies, which later spotted the false entry in its statement of account and complained.

In one case in 2012, she further alleged, an unsecured credit estimated at N2 billion was granted to Broadwaters Resources Company Nigeria Limited, which ended up being a conduit pipe used by Mrs Majekodunmi and Mr Onasanya to siphon monies from the bank. The claimant said the loan was never repaid.

“Out of the N12 billion camouflaged as lending to the Stallion Group, N8.21 billion was transferred through various accounts to a final destination account belonging to a company known as V-TECH LTD, which belongs to the chairman of FBN Holdings, Oba Otudeko, while the sum of N4.45 billion out of the same fictitious facility was transferred to Ontario Oil and Gas. The facility remains unpaid to date,” Mrs Ezenwa said in court fillings.

According to her, several similar loans were granted by Mr Olatunji and Mrs Majekodunmi, including to Supplies and Services Limited, which were “subsequently sublet and disbursed in smaller bits to several customers on more profitable terms to both officers.”

Swap Technologies and Telecomms Plc, Orbit Cargo, Netconstruct Nigeria Limited, and High-Performance Distributions Limited were among the companies named as beneficiaries of the loan disbursement.

Mrs Ezenwa disclosed that such loans could not have been granted without the involvement of the board of First Bank, considering that the amounts involved were huge and above the approval limits of the executive directors, the vice president and the managing director of the bank.

According to the complainant, her dismissal by the bank brought her into disrepute, threatening her chances of securing employment in reputable companies in future.

“The action of the defendant (First Bank) has consequently caused the claimant untold mental distress and is all the more damaging as the claimant is in her thirties and has simply been made a scapegoat for the malfeasance of some of the lapses of the management of the bank,” she said.

Among other demands, Mrs Ezenwa is urging the court to declare that there was no basis for the bank to dismiss her.

“She is being made a scapegoat for a lot of questionable transactions within the bank, which she is claiming innocent of,” Seyi Sowemimo, the claimant’s lawyer, told PREMIUM TIMES on Saturday. “So far, the trial has started. We have subpoenaed the EFCC, and we have subpoenaed the central bank to bring the audit reports of the bank,” Seyi Sowemimo, the claimant’s lawyer, told PREMIUM TIMES.

The allegations have sparked a legal battle, with Ezenwa seeking justice for her dismissal and damages for the fraudulent activities she claims to have uncovered.

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