Connect with us

Government

Tinubu, Oyegun Row Splits APC NWC Members

Published

on

asiwaju-bola-tinubu

The call for the removal of the National Chairman of the All Progressives Congress, Chief John Odigie-Oyegun, by the National Leader of the party, Asiwaju Bola Tinubu, has divided the APC’s National Working Committee.

Tinubu had, in a statement on Sunday, accused the national chairman of allegedly working against the ideals of the APC in the handling of its governorship primary in Ondo State.

He had alleged that the National Working Committee of the APC had voted in favour of a fresh primary in Ondo State but Odigie-Oyegun overruled the NWC and submitted the name of Rotimi Akeredolu to the Independent National Electoral Commission as the governorship candidate of the APC.

The statement added, “If Tinubu is to choose between John (Odigie-) Oyegun and progress toward a better Nigeria, the choice has already been made. For those who care about Nigeria and its chance for a better tomorrow, now is the time to stand against this brewing evil before it grows to encompass all we have built and all we hold dear.”

It was gathered in Abuja that members of the NWC, especially those from the South-West, were backing Tinubu, whom they argued was at the verge of being disgraced.

Tinubu is also said to be receiving support from some party chiefs, who were said to have felt they had been sidelined in the party under Odigie-Oyegun’s leadership.

A member of the party’s leadership, who spoke on condition of anonymity because of the sensitive nature of the issue, said, “I was one of those who cautioned our chairman about the handling of this Ondo palaver.

“He (Odigie-Oyegun) was the one who said we should put the recommendations of the panel to vote, which we did. He asked us to pray but used the opportunity to leave the hall.

“I personally think he is dancing to the tune of some individuals around Mr. President. He should simply step down.”

Asked to comment on the division within the party’s NWC, he said, “Our last meeting made that very clear.

“Six out of the 11 of us present at the meeting voted in favour of a re-run of the Ondo primary; five voted against. Yet, the choice of five was upheld. Is that democracy? You tell me.”

Another member of the NWC said Odigie-Oyegun should not be crucified because he made “an honest mistake here and there. I think this situation is not yet beyond redemption.”

In an interview, another NWC member said, “Let’s be honest, the APC does not belong to any individual. It is a give and take thing. Tinubu asked for and got the VP slot; he has members of his political family in the cabinet and even heads of government agencies. What else does he want?”

A top source in the APC stated that an emergency National Executive Committee meeting might be summoned after the Edo State governorship election to iron out some of the contending issues.

The Deputy National Chairman (South) of the party, Mr. Seguin Oni, in response to enquiries on the issue, said, “Yes, we have issues within the party but we are resolving them.

“You must give us some credit. We are a relatively young party with members drawn from diverse backgrounds. There are bound to be issues but we have the internal capacity to deal with our issues and we are doing it; be patient.”

The acting National Publicity Secretary of the party, Mr. Timi Frank, backed Tinubu’s call for Odigie-Oyegun’s resignation.

He said he saw this coming long before now, stressing that many did not take him seriously.

He said, “I said there was crisis within the party. At that time, I was alone; nobody saw what I saw coming. The crisis of this party came up when the issue of the National Assembly came up; the position of the party leadership against its own party members, Bukola Saraki and Yakubu Dogara, for the party to close its eyes to the travails of these two men.

“Today, God has vindicated me after the Ondo primary. A national leader of our party, a founding father of the party has agreed with my earlier call that Odigie-Oyegun should resign as National Chairman. I knew from day one that the person that we have as national chairman could not give what he does not have.

“It is now clear that (Odigie-) Oyegun cannot take this party to where it is going. Can we now deny that one of the founding fathers of this party has come out clear to say Oyegun should resign?’’

Meanwhile, Odigie-Oyegun has said he will not take  issue with Tinubu.

Odigie-Oyegun, who spoke on Monday in Benin, said Tinubu, a former Lagos State governor, was a respected leader in the party, adding that he would have to consult with other party leaders before making a statement.

He, however, said “most” of the allegations in the media report were “not true,” noting that the party would focus on the September 28 governorship election in Edo State, which he said was his “priority”.

He said, “Asiwaju is a well respected leader of our party; so, I cannot be seen speaking evil against him. I have to consult properly with other leaders of the party before we make any definite statement. Again, you know we have a crucial election here in Edo, which is my priority right now.

“We do not want to lose focus and I know Asiwaju also wants us to win because we all have worked hard for this. So, maybe, after the election, if there is need, I will speak. If (there is) no need, I will relax. But all I can say now is that most of the things said in the papers about me are not true.”

Odigie-Oyegun stated that he had always believed in internal democracy and the credibility of primaries, which must be taken seriously.

The former Edo State governor added, “I believe that if primaries of parties are not credible, it may derail any democracy.  So, I do not play with these things at all. Everybody knows me and I do not joke with my credibility and I have tried to maintain it.’’

“But maybe after Edo election, after we must have emerged victorious, we may speak on some of the issues raised. So, there is no problem at all.”

It was learnt that Odigie-Oyegun came under serious pressure on Monday not to respond to Tinubu’s call on him to resign as the APC national chairman.

The outburst of Tinubu was said to have confirmed the internal wrangling in the ruling party.

However, Odigie-Oyegun, who was said to have been seriously jolted by Tinubu’s accusation, was said to have been prevailed on by some ministers and governors from the APC not to respond to Tinubu’s attack.

A minister, who spoke on condition of anonymity said he, along with some of his colleagues, had called the party chairman not to speak.

He said while it was true that the former governor of Lagos State had every reason to be embittered, allowing the party chairman to respond would further portray the ruling party as uncoordinated.

The top party chief stated, “Though it is painful when you are accused of something and you feel you needed to reply, but we have told him to keep quiet because we don’t want the opposition and the media to feast on it.

“The matter is being looked into and I think the leaders of the party, especially President Muhammadu Buhari, must act fast, otherwise, the party will die under his Presidency.”

Reacting to the crisis in the APC, Alhaji Tanko Yakasai, elder statesman and former aide to ex-President Shehu Shagari, called on Tinubu to condemn what he described as the current injustice in the party before it degenerated.

Claiming that he “foresaw” the current crisis, Yakasai also urged Tinubu to tackle Buhari, alleging that Tinubu’s political travails were well-thought-out and plotted in the Presidency.

Yakassai said, “From all indications, every right thinking person will figure out a sinister plot to bundle out Tinubu from the hierarchy of the APC; and I want to believe this is coming from the Presidency.

“The situation at the moment is that apart from the CPC (Congress for Progressive Change) members, everybody in the government is a mere onlooker.’’

Also, one of the Ondo State governorship aspirants of the APC, Dr. Tunji Abayomi, has asked Tinubu, to accept the result of the APC governorship primary in the state “instead of chasing a lost cause.”

Abayomi said on Monday while reacting to Tinubu’s statement, demanding the resignation of Odigie-Oyegun.

Abayomi urged Tinubu to behave like a true democrat and accept Akeredolu.

He said, “Asiwaju Tinubu is a respected leader of the party and is also a champion of democracy. “He needs to understand that in life, you cannot win every battle. You win some and you lose some. Now that he has lost, he should accept the outcome and act like a true leader by accepting the outcome of the primary.”

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

Government

Ghana Ordered to Pay $111.5M to Power Company After U.S. Court Ruling

Published

on

ghana

The government of Ghana has been ordered to pay $111.5 million to Ghana Power Generation Company (GPGC) following a ruling by a District of Columbia Court in the United States.

This ruling was granted in favor of GPGC after Ghana failed to respond to an earlier tribunal ruling from the United Kingdom, which found the country in breach of a power purchase agreement.

The court’s decision comes after Ghana terminated its contract with GPGC on February 18, 2018. The UK tribunal, in its final award dated January 26, 2021, found that Ghana had violated its contractual obligations, resulting in significant financial damages for GPGC.

The tribunal initially awarded GPGC $134.3 million in damages, calculated using the Early Termination Payment formula as specified in the purchase agreement.

Ghana, however, did not comply with the tribunal’s verdict, prompting GPGC to pursue the matter in U.S. courts. On January 19, 2024, GPGC filed a lawsuit in the District of Columbia, citing the Federal Arbitration Act and the New York Convention, which provides for the recognition of international arbitration awards.

Court documents reveal that the petition was formally delivered to Ghana’s Ministry of Foreign Affairs and Regional Integration on January 23, 2024.

Despite receiving the legal documents, Ghana failed to respond to the court proceedings by the March 29, 2024, deadline. This non-response led the U.S. court to grant a default judgment in favor of GPGC.

Chief Judge James E. Boasberg emphasized that the arbitral judgment fell under the New York Convention, which requires member states, including the United States, to recognize and enforce international arbitration awards.

He further noted that Ghana had voluntarily submitted to international arbitration when entering the power purchase agreement, waiving its sovereign immunity in the process.

Although GPGC was not awarded pre-judgment interest, Ghana will be obligated to pay post-judgment interest at rates set by U.S. law.

This adds an additional financial burden to the $111.5 million judgment as the payment accrues further interest over time.

The country narrowly avoided a separate $11 billion arbitration award in the infamous P&ID case, which was eventually overturned due to findings of corruption and bribery.

However, in the GPGC case, multiple European courts have upheld enforcement orders, leaving Ghana with limited legal recourse.

The court’s decision is expected to place added pressure on Ghana as it faces mounting financial obligations related to international arbitration disputes.

GPGC has indicated that it will pursue all available legal avenues to ensure full recovery of the damages awarded by the tribunal, including possible enforcement actions in other jurisdictions.

Continue Reading

Government

Zhongshang Fucheng Moves to Auction Nigerian Properties in UK Following $70M Arbitration Award

Published

on

Bola Tinubu

Zhongshang Fucheng Industrial Investment Ltd has escalated its efforts to collect a $70 million arbitration award from Nigeria by putting two residential properties in Liverpool up for sale.

This significant development follows a 2021 arbitration verdict against Nigeria, which remains unsettled.

The Chinese investment group has reportedly listed two buildings linked to the Nigerian government—15 Aigburth Hall Road and Beech Lodge, 49 Calderstones Road—on the global online marketplace eBay.

The move is part of a broader strategy to recover the outstanding $70 million, which includes a principal amount of $55,675,000, plus interest and legal costs, as stipulated by the arbitration verdict.

The arbitration stemmed from a dispute between Zhongshang Fucheng and Ogun State over a trade treaty violation.

The company claimed that Ogun State rescinded its rights to a free trade zone in 2016, prompting a legal battle that saw Zhongshang’s executives expelled from Nigeria.

The British court granted Zhongshang the authority to seize Nigerian assets in the UK after the Nigerian government failed to settle the arbitration judgment.

The seizure and subsequent auction of these properties mark a pivotal moment in the ongoing legal conflict.

The properties were confiscated because they were not classified as diplomatic or consular assets, making them subject to seizure under the court’s orders.

According to sources familiar with the situation, the properties are valued at approximately $2.2 million.

Zhongshang Fucheng has opted for an online auction to expedite the sale, aiming to reach a broad pool of potential buyers.

The decision to use eBay highlights the company’s commitment to transparency and swift asset recovery.

“This move is not just about recovering the funds; it’s a demonstration of our commitment to enforcing the arbitration award and ensuring that due process is followed,” said a consultant working with Zhongshang Fucheng, who spoke on condition of anonymity.

The Nigerian government, already grappling with similar arbitration cases, is facing increased scrutiny as European courts have granted enforcement orders in several countries, including the UK, Belgium, and France.

The ongoing conflict with Zhongshang Fucheng has intensified pressure on Nigerian authorities to address these legal and financial challenges more effectively.

In June 2024, the UK High Court, King’s Bench Division, ruled in favor of Zhongshang’s right to seize the Liverpool properties.

Master Lisa Sullivan’s ruling emphasized that the properties were used for commercial purposes, thereby excluding them from sovereign immunity protections.

The case against Nigeria underscores broader issues related to international arbitration and asset recovery, reflecting a growing trend of global legal disputes over state assets.

For Zhongshang Fucheng, the auction of the Liverpool properties represents a critical step in securing the funds awarded by the arbitration panel.

Continue Reading

Government

NLC Prepares for Protest Against Alleged Intimidation of President Ajaero by Police

Published

on

Joe Ajaero

The Nigeria Labour Congress (NLC) has announced plans for mass protests and industrial action in response to what it describes as the harassment and intimidation of its president, Joe Ajaero.

This decision follows a summons by the Nigeria Police, accusing Ajaero of involvement in criminal conspiracy, terrorism financing, treasonable felony, subversion, and cybercrime.

In a communique issued at the end of an emergency meeting held on Tuesday, the NLC expressed outrage at the police’s actions and warned that if any harm befalls Ajaero or any other leader of the labour movement, the organization would mobilize its members for nationwide protests.

The congress also hinted at industrial action in defense of its leadership, which it views as being under attack.

“The Congress will not hesitate to take all necessary actions, including mass protests and industrial actions, to protect the integrity and independence of the labour movement,” read the communique signed by Sani Minjibir, Deputy President of the NLC.

“If anything happens to the President of the Congress or any other leader in furtherance of these tendentious allegations by the state, we will not stand idle.”

The NLC further called upon civil society groups and the general public to stand in solidarity with the labour movement, describing the situation as a fight against “injustice and oppression.”

The congress urged Nigerians to defend the country’s democratic values and support their cause in what they see as a critical moment for the future of the labour movement in Nigeria.

The controversy began earlier this week when the police issued an invitation to Ajaero, asking him to report to their Intelligence Response Team (IRT) in Abuja on Tuesday, August 20th, 2024.

The police warned that a warrant for his arrest would be issued if he failed to comply. According to the invitation, Ajaero is being investigated for a range of serious charges, including terrorism financing and cybercrime.

However, Ajaero’s legal counsel, led by renowned human rights lawyer Femi Falana, responded to the police on Tuesday, citing the short notice of the invitation as the reason Ajaero could not attend on the scheduled date.

The letter stated that Ajaero had prior engagements and requested an extension to Wednesday, August 29th, 2024. Falana also demanded detailed information regarding the allegations against Ajaero.

In its communique, the NLC condemned the invitation as a form of “witch-hunting, intimidation, and harassment,” insisting that the charges against Ajaero were politically motivated and intended to weaken the labour movement.

The NLC described the police’s actions as a blatant attempt to silence the leadership of the workers’ movement, warning the government to desist from further antagonizing its leaders.

“We view this as a calculated attempt to weaken and destabilize the labour movement, which has always stood as a bastion of democratic principles and the voice of the Nigerian masses,” the statement continued. “We remain resolute in our commitment to defending the rights and interests of workers and the Nigerian people. We shall not be cowed or intimidated by these desperate attempts to silence us.”

In anticipation of further escalation, the NLC directed its affiliate unions and state councils to begin mobilizing members across the country, stating that it is prepared to take any measures necessary to protect its leadership and the integrity of the labour movement.

The NLC warned the government that any attempt to undermine their rights or freedoms would be met with fierce resistance, including potential strikes and mass actions across Nigeria.

As the deadline for Ajaero’s appearance before the police approaches, tensions between the government and the labour union continue to rise.

The outcome of this confrontation could have far-reaching implications, not only for the leadership of the NLC but also for the broader landscape of Nigeria’s labour and civil rights movements.

The NLC has vowed to stand firm, declaring that it will continue to fight for justice, fairness, and the rule of law in Nigeria.

Continue Reading
Advertisement




Advertisement
Advertisement
Advertisement

Trending