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Senator Adeola denies saying Buhari’s govt borrowed $400bn to stabilize local currency

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Senator Adeola

Senator representing Ogun West Senatorial District, Solomon Adeola has denied saying the administration of former President Muhammadu Buhari borrowed $400 billion to stabilize the naira, claiming he was misquoted at his Saturday event in Ayetoro, Ogun State.

The lawmaker reacted through a statement by his Special Adviser on Media, Mr Kayode Odunaro on Monday, saying the report which was published by major newspapers and online platforms was a misquotation of his speech in Yoruba local language during a town hall meeting of his constituents.

He said the removal of fuel subsidy by President Bola Tinubu and the floating of the exchange rate were the best ways to go, noting that without these fiscal policies, the Nigerian economy was headed for a collapse.

He said: “The previous administrations have been spending trillions of naira on fuel subsidy and defending the naira against the dollar, this was to the benefit of a very negligible number of Nigerians while Nigeria accumulated huge national debt.

“At no point did the Senator mention the name of the former President Buhari or make specific reference to his administration as incurring a debt of $400 billion. It is therefore clear that the debt figure attributed to former President Buhari’s administration is a misquotation from reporters’ translation of the senator’s speech from Yoruba to English language.

The statement said the misquotation must have been as a result of transcription from Yoruba to English, adding that most correspondents of papers that published the report were not in the town hall meeting.

Adeola said he respects former President Buhari and acknowledged his valiant efforts in piloting the economy under the circumstances he found during his tenure.

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Rivers Speaker, 15 Other Assembly Members Dump PDP For APC

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Martin Amaewhule, Speaker of the Rivers State House of Assembly, has defected from the Peoples Democratic Party (PDP) to the All Progressives Congress (APC).

Tori News reports Amaewhule defected along with 15 other members of the House on Friday.

Amaewhule said the defection is due to clear division in the PDP.

Recall that President Bola Tinubu declared a state of emergency in the state earlier this year in March, suspending the Governor, Sim Fubara and his Deputy alongside members of the State Assembly.

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Insecurity: Bode George intensifies call for state police

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A chieftain of the Peoples Democratic Party, PDP, Bode George, has intensified his call for the establishment of state police to contain the wave of insecurity in Nigeria.

George made this call on Friday when he appeared during an interview on Arise Television monitored by Ekwutosblog.

He was reacting to the worsening insecurity situation in the country where innocent Nigerians, including women and schoolchildren are kidnapped and others killed in the process.

“First of all, what is wrong with establishing state police? We have seen nobody is going to cancel the Federal Police, but policing is local.

“When you now turn the boys who live in the same area and legalize their existence to put smiles on the faces of the people, it will be better to manage because they will understand the language of the locals. They know the do’s and don’ts in their own area. So why are we wasting time?

“I am happy I read something last week after the Arewa Consultative meeting in the North. They met and took a decision that they have agreed to a state police.

“Then the Southwest met with their governors, and the governors’ statement made after that conference is that they also accept having state police.

“What are we wasting time for? Because the way it is, you don’t even know who is telling the truth or who is telling the lie,” he said.

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I’m still in PDP – Wike replies Turaki, dismisses expulsion

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Minister of the Federal Capital Territory, FCT, Nyesom Wike, on Friday declared that he’s still a member of the Peoples Democratic Party, PDP.

Wike’s comment followed his expulsion from the party by the faction led by National Chairman, Kabiru Turaki.

Turaki had formally dispatched expulsion certificates to 11 prominent party chieftains, including Wike, former Ekiti State governor, Ayodele Fayose, Senator Samuel Anyanwu, Umaru Bature, Kamarudeen Ajibade, SAN, Abdurahman Muhammad Senator Mao Ohuabunwa.

He said their expulsion was aimed at sanitising the party ahead of the 2027 elections.

Reacting to the development on Friday, Wike dismissed the claim while assuring that he would continue to work with other party members in making PDP a relevant opposition party.

The minister spoke while addressing journalists after inspecting the Interchange bridge and road linking Gwarinpa with Jahi and direct to Katampe, Gishiri and Maitama.

He said, “Those that are factionalized are bound to leave the party, I’m still in PDP and you can see that not everybody has left.

“We still have good numbers and we will continue to work together and that’s what I have said to the party. Put your house in order because at the end of the day, if you don’t put your house in order, it’s the party that is losing.

“So those who are worried, we can work together to see how the party can remain a relevant opposition.”

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