Politics
Oshiomhole blames Buhari for naira collapse
Senator Adams Oshiomhole, representing Edo North Senatorial District, has said that the excessive printing of money by the Central Bank of Nigeria under the administration of former President Muhammadu Buhari through the Ways and Means policy crippled the naira.
Oshiomhole made this statement on Saturday at a Progressive Governors Forum’s Meeting and Interactive Session in Benin City, Edo State.
He blamed the policy for the eventual collapse of the Nigerian currency against the US dollar.
“We are coming from a country that was almost like Zimbabwe or Idi Amin’s Uganda, where he asked the Central Bank Governor to ‘go and print more money for us to share to the people’. And the Governor said, if we print more money, Uganda currency will be like a sheet of paper,” he said.
According to the former Edo State Governor and President of the Nigeria Labour Congress, NLC, to understand the root cause of the present cost of living and the exchange rate regime, you must trace and locate it in terms of the excessive amount of banknotes through the so-called Ways and Means which the past government created.
He said Nigeria was borrowing every day the way fish drinks water, stressing that it has become President Bola Tinubu’s burden to pay back those loans to guarantee the sovereignty of Nigeria.
Recall that the Senate in 2024 inaugurated an ad hoc committee to investigate the Ways and Means and the Anchor Borrowers Programme of the apex bank.
Ekwutosblog reports that the Ways and Means provision allows the Federal Government to borrow from the CBN if it needs emergency finance to fund delayed government expected cash receipts of fiscal deficits.
Politics
“ADC is a Holy Party, Cannot be used to Scam Nigerians Again” – Hon Success Opara tells David Mark
ADC Party in Turmoil: Hon Success Opara Slams Leadership, Warns Against Scamming Nigerians
Abuja, Nigeria – The African Democratic Congress (ADC) is facing internal strife as Hon Success Opara, a prominent party official, has warned against attempts to use the party to deceive Nigerians. Opara specifically criticized the leadership of David Mark, stating that the party cannot be used to scam citizens again.
“ADC holy Party cannot be used to scam Nigerians again,” Opara said, emphasizing that those forming coalitions are hindering the party’s growth and denying youths opportunities to thrive.
“Those who are forming coalition don’t want to give the youths the chance to strive in the party,” she added.
Opara’s statement highlights the deepening divisions within the ADC, with concerns over leadership and the party’s direction.
The factional National Chairman of the African Democratic Congress (ADC), Nafiu Bala Gombe, has announced that the party under his leadership will bar individuals above the age of 55 from contesting for political positions.
Gombe made the disclosure during an interview with BBC Hausa, where he outlined a vision centred on generational change and greater youth participation in politics.
“The African Democratic Congress (ADC) is a party that belongs to all Nigerians. What we are doing now is to ensure the party moves forward properly.
“We have decided that we will give the youths a real chance. The time has come for young people to take the lead in politics.
“If you are over 55 years old, you are not going to contest for positions in the ADC under our leadership.
“We want to bring in fresh blood, new ideas, and energy from the youth. Nigeria’s future depends on the young generation.
“The old ways have not worked well for the country. We need to open the door wide for youths to participate fully as candidates, leaders, and decision-makers,” he said.
Politics
“Jail David Mark” as ADC’s Internal Crisis Deepens: Hon Success Opara Threatens Action Against David Mark
Abuja, Nigeria – Tensions within the African Democratic Congress (ADC) reached a boiling point as Hon Success Opara, a high-ranking party official, warned that she would not hesitate to send former Senate President David Mark to jail if she were the judge handling the party’s internal litigation cases.
Opara’s statement comes in response to allegations that Mark and the party’s National Executive Committee (NEC) failed to adhere to the ADC’s constitution.
“I’ll jail David Mark if I’m the Judge handling the ADC party internal litigation cases, citing how David Mark and the NEC were not able to adhere to what is written in the constitution of the ADC,” Opara said.
The internal strife has led to a flurry of court cases, with various factions vying for control of the party. Opara’s remarks underscore the deepening divisions within the ADC and raise questions about the party’s future.
“ADC is a Holy Party, Cannot be used to Scam Nigerians Again” – Hon Success Opara tells David Mark
2027: Bala declares aspirants over 55 years disqualified in ADC
“Jail David Mark” as ADC’s Internal Crisis Deepens: Hon Success Opara Threatens Action Against David Mark
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