Politics
Tinubu’s source of wealth unknown; his govt looting billions from oil theft as hunger plagues Nigerians: Financial Times.
“Tinubu must utilise all his political acumen to stem this theft,” FT wrote.
The Financial Times (FT) has raised significant concerns about President Bola Tinubu’s unexplained source of wealth, accusing his administration of looting billions through oil theft while millions of Nigerians suffer from hunger and poverty.
In an editorial published on Wednesday, the FT criticises Mr Tinubu’s disjointed policies, which have exacerbated the plight of tens of millions of Nigerians, pushing them further into poverty.
“Corruption must be confronted. It does not help that Tinubu’s own substantial wealth remains obscure, nor that his Minister for Poverty Alleviation was suspended over allegations of funds diversion, which she denies,” the FT argued.
It added, “It also does not assist that the state is implicated in the large-scale theft of oil, depriving the nation’s coffers of billions of dollars.
Tinubu must utilise all his political acumen to stem this theft.”
According to FT, instead of handing out bags of rice to Nigerians, what is needed is direct cash payments to people’s phones, the technology for which exists, and in the longer term, a proper safety net, which the state lacks the capacity or probity to administer.
In 2022, Peoples Gazette published a series of damning reports on how Mr Tinubu, who was Lagos governor between 1999-2008, corruptly enriched himself through questionable Lagos tax administration via Alpha Beta.
The newspaper also uncovered how Mr Tinubu’s Alpha Beta siphoned billions to shell companies.
FT’s critique follows the anniversary of Mr Tinubu’s first year in office on 29 May.
Previously, The New York Times had similarly reported on how Mr Tinubu’s policies have deepened poverty in Nigeria.
Last week, Senator Ali Ndume, a member of Mr Tinubu’s party, condemned the administration for its insensitivity to the suffering of Nigerians, describing it as being run by “kleptocrats”.
Ahmed Oluwasanjo and Abdul Ardo
© 2024 Peoples Gazette™ Limited.
Former Minister of Transportation, Rotimi Amaechi, has officially joined the African Democratic Congress, ADC.
Amaechi completed his registration at Ward 8 in Ubima, Ikwerre Local Government Area of Rivers State, on Friday morning.
Ekwutosblog had reported that thugs earlier stormed the ADC’s office in the community and set it ablaze.
Speaking to supporters after his registration, Amaechi appealed for calm, urging his loyalists to resist any temptation toward reprisal or disorder.
“Don’t be violent because violence may lead to the death of somebody — don’t be violent. At the same time, they can’t stop us from meeting in our community,” he said.
The former Rivers State governor expressed satisfaction with the conduct of security operatives deployed to the area, singling out the state commissioner of police and the director of the Department of State Services for praise.
Amaechi equally called on security agencies to move swiftly to identify and prosecute those behind the arson, warning that such acts of intimidation would not deter the party’s activities in the area.
Trump also indicated that he would reject any successor who continues the policies associated with the late Iranian leader.
The United States President, Donald Trump, has said he must take part in determining who becomes Iran’s next supreme leader following the death of Ali Khamenei.
Trump made the statement during an interview with Axios on Thursday while reacting to discussions within Iran over possible successors to the late leader.
“They are wasting their time. Khamenei’s son is a lightweight. I have to be involved in the appointment, like with Delcy in Venezuela,” he said.
The US president was referring to Delcy Rodríguez, who assumed power in Venezuela after US forces captured former president Nicolás Maduro earlier this year.
Trump also indicated that he would reject any successor who continues the policies associated with the late Iranian leader.
“Khamenei’s son is unacceptable to me. We want someone that will bring harmony and peace to Iran,” he stated.
He warned that installing a leader who follows the same path as the former supreme leader could force the United States back into war with Iran “in five years.”
Mojtaba Khamenei, a cleric believed to have strong ties with Iran’s powerful Revolutionary Guards, is widely considered one of the possible successors to his father, although Tehran has yet to formally announce a new leader.
Trump’s remarks came a day after the White House suggested that regime change in Iran was not the main objective of the administration’s ongoing military campaign in the region.
Iran’s Supreme Leader serves as the country’s highest political and religious authority and holds significant influence over the armed forces, judiciary and major state policies.
The leadership uncertainty follows the death of Ali Khamenei, who was killed in late February during a wave of joint airstrikes by the United States and Israel on Iranian military and government targets.
The attacks formed part of a major military campaign launched amid escalating tensions over Iran’s regional activities and nuclear programme.
The strikes reportedly targeted several strategic facilities in Tehran and other locations, triggering a wider conflict across the Middle-East.
Iran later responded with missile and drone attacks on Israeli and US-linked targets across the region, raising fears of a broader regional war and disrupting energy shipments through the Strait of Hormuz.
Khamenei, who had ruled Iran since 1989, had not publicly named a successor before his death.
His killing created a power vacuum in Tehran, prompting speculation over who might lead the country next as the conflict continues.
Success Opara has extended heartfelt congratulations to Hon Onyekachi Ibezim on his emergence as the State Secretary of the All Progressives Congress (APC) in Imo State.
Onyedebelu Austin was elected as the new State Chairman, while Ibezim secured the position of State Secretary during the party’s congress in Owerri.
Governor Hope Uzodimma praised the new leadership, emphasizing the importance of unity and adherence to the party’s constitution.
The emergence of Hon Onyekachi Ibezim as APC State Secretary is seen as a boost to the party’s efforts to revamp and reposition itself in Imo State. With Success Opara’s congratulatory message, it’s clear there’s a sense of unity and camaraderie within the party ranks.
2027: Amaechi formally joins ADC
“My Dad is AA and my Mom is AA but I’m AS” — X user seeks explanation over genotype confusion
Obasanjo and Hu Jintao Meet in Abuja: A Defining Moment in Nigeria–China Relations (2006)
-
Business1 year ago
US court acquits Air Peace boss, slams Mayfield $4000 fine
-
Trending1 year agoNYA demands release of ‘abducted’ Imo chairman, preaches good governance
-
Politics1 year agoMexico’s new president causes concern just weeks before the US elections
-
Politics1 year agoPutin invites 20 world leaders
-
Politics1 year agoRussia bans imports of agro-products from Kazakhstan after refusal to join BRICS
-
Entertainment1 year ago
Bobrisky falls ill in police custody, rushed to hospital
-
Entertainment1 year ago
Bobrisky transferred from Immigration to FCID, spends night behind bars
-
Education2 years ago
GOVERNOR FUBARA APPOINTS COUNCIL MEMBERS FOR KEN SARO-WIWA POLYTECHNIC BORI