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Fayose: Obanikoro’s Return Planned to Nail Me

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Ekiti State Governor Ayo Fayose.
  • Obanikoro’s Return Planned to Nail Me

The testimony of former Minister of State (Defence) Musiliu Obanikoro in the custody of the Economic and Financial Crimes Commission (EFCC) appears to be rattling Ekiti State Governor Ayo Fayose.

Obanikoro claimed that he gave Fayose N2.3 billion, which came from the former National Security Adviser (NSA), Col. Sambo Dasuki (retd.) in the run-up to the June 21, 2014 governorship election in Ekiti State.

Apparently troubled by Obanikoro’s evidence, Fayose, in a statement made available to reporters yesterday, alleged that the ex-minister’s return from the United States was “arranged and compromised” in a bid to nail him (Fayose).

The governor also described Obanikoro’s surrender to the EFCC as part of “Fayose-Must-Be-Implicated-At-All-Cost” project, urging the All Progressives Congress (APC)-led Federal Government to channel its energy towards providing food for hungry Nigerians.

Dismissing the claim that Obanikoro had confessed to the EFCC on the receipt of funds from Dasuki to sponsor his 2014 governorship campaign, Fayose said he was only reacting just to fulfil all righteousness because Nigerians are more interested in having food on their tables.

He claimed that the APC and the EFCC were conducting a media trial, urging them to halt all salvos being fired at him and wait for him to present his defence.

He said: “We have gone beyond this stage of media trial. EFCC should rather keep its gun powder dry. When we get to the bridge, we will cross it. They said more than this in the 2006 poultry scam blackmail. Despite that, I am the governor today.”

Fayose added: “Those who arranged the dramatic and compromised return of Senator Obanikoro to Nigeria obviously did so in continuation of their project ‘Fayose must be implicated at all cost’ but I am not bothered because my election was legitimately funded.

“However, if this is why they are intimidating judges and the judiciary, it won’t work as far as my own matter is concerned as no one can play God.

“As far as I am concerned, I am busy here in Ekiti attending to the welfare and well-being of my people. I won’t be distracted.”

Fayose challenged the EFCC to also investigate the funding of APC elections, expressing outrage that “financial assistance from Nigerians is now criminalised”.

He said: “Since we are now in the era in which financial assistance from Nigerians to fund elections is being criminalised, the international community, especially those funding EFCC, must insist that the commission probes the funding of APC elections before further funds are released to the commission.

Also yesterday, Fayose dispelled the rumour that he had shut down the Ado-Ekiti branch of Access Bank Plc following last Monday’s attempt by agents of the EFCC to arrest Mrs Precious Chikwendu Fani-Kayode, the wife of former Minister of Aviation Femi Fani-Kayode, in the bank premises.

In a statement in Ado-Ekiti by his Chief Press Secretary, Idowu Adelusi, Fayose said it had nothing against the bank and there was no reason whatsoever to shut down the financial institution.

He said: “The attention of the state government has been drawn to rumours making the round, especially on social media, that Ekiti State Government has shut downý a branch of Access Bank in Ado-Ekiti, the state capital.

“This is definitely coming from the warped minds of opposition elements, whose mouths have been locked by the sterling performance of Fayose and the unprecedented support he is enjoying from the people of the state.

“For the sake of clarity, Ekiti State Government has no axe to grind with the management of Access Bank. Also, the state government does not license banks and can’t withdraw same.

“We enjoin the good people of Ekiti State and Nigerians in general to disregard such unfounded rumours.

“They should not let themselves be dragged to the level of the unintelligent like the opposition people have shown by embarking on this type of insinuation they probably brought from the pit of hell.”

Is the CEO/Founder of Investors King Limited. A proven foreign exchange research analyst and a published author on Yahoo Finance, Businessinsider, Nasdaq, Entrepreneur.com, Investorplace, and many more. He has over two decades of experience in global financial markets.

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FG Declares June 12 Public Holiday for Democracy Day Celebration

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The Federal Government has declared Wednesday, June 12, a public holiday in commemoration of this year’s Democracy Day celebration.

The announcement was made in a statement signed by Aishetu Ndayako, the permanent secretary of the Ministry of Interior, on behalf of Olubunmi Tunji-Ojo, the Minister of Interior.

The statement urged Nigerians to reflect on the struggles and sacrifices of the nation’s founding fathers and to ensure that Nigeria remains a united, secure, peaceful, and indivisible entity.

“As we mark another Democracy Day in the history of our dear country, let us all reflect on the efforts of our founding fathers and ensure that Nigeria remains a united, secured, peaceful, and indivisible entity,” the statement read.

A Historic Shift

The designation of June 12 as Democracy Day dates back to June 7, 2018, when former President Muhammadu Buhari announced that the day would henceforth be celebrated as Democracy Day.

Prior to this declaration, Democracy Day was observed on May 29, the date marking the inauguration of the Fourth Republic in 1999.

President Buhari’s decision was rooted in the historical significance of June 12, 1993, the day of what is widely regarded as Nigeria’s freest and fairest presidential election.

Despite the election’s annulment by the then-military government, Buhari emphasized that the democratic credentials of the process should be honored.

Honoring a Legacy

To further commemorate the significance of June 12, Buhari posthumously awarded Chief Moshood Abiola, the presumed winner of the annulled 1993 election, with the nation’s highest honor, Grand Commander of the Federal Republic (GCFR).

The statement from the Ministry of Interior also highlighted President Bola Tinubu’s commitment to implementing positive reforms aimed at reviving Nigeria’s economy and enhancing national security.

A Call for Unity

The Minister of Interior, Olubunmi Tunji-Ojo, called on all citizens and friends of Nigeria to appreciate the progress that has been made in the country’s democratic journey and to look forward to a brighter future.

“As we celebrate Democracy Day, we must appreciate the progress that has been made and remain hopeful for a better future for Nigeria’s democracy,” the minister said.

This year’s Democracy Day comes at a crucial time as Nigeria continues to navigate economic challenges and security concerns. The public holiday on June 12 provides an opportunity for Nigerians to reflect on the importance of democracy and the ongoing efforts to strengthen the nation’s democratic institutions.

As the nation prepares to observe the public holiday, there is a sense of anticipation and hope that the values of democracy will continue to guide Nigeria towards a prosperous and harmonious future.

The government’s declaration serves as a reminder of the enduring legacy of June 12 and the importance of upholding democratic principles.

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Guilty on All 34 Counts: Trump Convicted in Hush Money Case

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donald-trump

In a historic and unprecedented legal decision, former President Donald Trump was found guilty on all 34 counts in his “hush money” trial, making him the first former U.S. president to be convicted of a crime.

The verdict was delivered by a jury of 12 New Yorkers on Wednesday, concluding a six-week trial in Manhattan.

The charges against Trump centered around falsifying business records to cover up a $130,000 payment to adult film star Stormy Daniels before the 2016 presidential election.

The jury found Trump guilty on all counts, concluding that he authorized a scheme to falsify checks and related documents to keep the alleged affair from becoming public knowledge.

Prosecutors from the Manhattan District Attorney’s Office presented evidence showing that the conspiracy to cover up the payment began during Trump’s 2016 campaign and continued into his first year in the White House.

They argued that Trump, along with his associates, created false records to mislead voters and conceal the payment.

Trump, who has consistently denied having any sexual encounter with Daniels, responded angrily to the verdict. Speaking to reporters outside the courtroom, he called the trial “a disgrace” and accused the judge of bias.

“This was a rigged trial by a conflicted judge who was corrupt,” Trump stated.

He vowed to continue fighting the verdict, saying, “The real verdict is going to be Nov. 5 by the people, and they know what happened here and everybody knows what happened here. We’ll fight to the end.”

The conviction comes at a critical time for Trump, the presumptive Republican nominee for president in the 2024 election. Despite the conviction, there is no constitutional barrier preventing him from running for office again.

Legal experts note that the Constitution’s requirements for presidential candidates—being at least 35 years old, a natural-born citizen, and a U.S. resident for 14 years—do not include any disqualification for being a convicted felon.

Judge Juan Merchan has scheduled Trump’s sentencing for July 11. The defense has until June 13 to submit any motions, with the prosecution required to respond by June 27.

Trump’s legal team indicated they would prefer a sentencing date in mid to late July.

Trump’s conviction adds to the already intense political climate as the nation prepares for the 2024 elections. The trial has drawn significant media attention and public scrutiny, reflecting deep divisions within American society.

The trial highlighted broader issues regarding campaign finance and the use of hush money in politics. It also raises questions about the integrity of presidential candidates and the lengths to which they might go to protect their public image.

As the legal and political ramifications of this verdict unfold, Trump’s conviction on all 34 counts marks a significant chapter in U.S. history.

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President Tinubu to Inaugurate Newly Paved Roads to Apapa, Tin Can Ports

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Bola Tinubu

President Bola Tinubu is set to inaugurate the newly constructed paved roads leading to the Apapa and Tin Can Island ports in Lagos on Saturday.

This development is anticipated to bring significant relief to port users and operators who have endured years of hardship due to the previously dilapidated roads and severe traffic congestion in the area.

The commissioning of these roads marks a major milestone in the government’s efforts to improve infrastructure and boost economic activities around the nation’s busiest ports.

The newly paved roads are expected to enhance the flow of goods and services, reduce operational costs for businesses, and alleviate the chronic traffic bottlenecks that have plagued the Apapa and Tin Can Island areas.

President Tinubu, who is scheduled to arrive in Lagos on Saturday morning, will perform the inauguration as his first assignment of the day.

The ceremony signifies a commitment to addressing the infrastructural challenges that have long hindered the efficiency of Nigeria’s maritime sector.

Mohammed Koko, the Managing Director of the Nigerian Ports Authority (NPA), highlighted the importance of this project earlier this year.

He emphasized the NPA’s “zero tolerance for all forms of impediments to the free flow of traffic” and reiterated the agency’s dedication to improving port operations.

“Our zero tolerance for all forms of impediments to free flow of traffic is no fluke,” Koko said, noting that the rehabilitation efforts are aimed at consolidating gains achieved first in Apapa and now extending to Tin Can.

In January 2024, President Tinubu directed the Federal Ministry of Works to urgently and comprehensively repair the access roads to the Lagos Port Complex and Tin-Can Island Port Complex.

The Minister of Marine and Blue Economy, Adegboyega Oyetola, echoed the urgency of this directive, pointing out that the poor condition of the port access roads had significantly increased internal logistics costs for importers and exporters.

“The dilapidated port access roads increase the cost of internal logistics for importers and exporters,” Oyetola noted.

The improved road infrastructure is expected to curb the exodus of businesses from the Apapa and Tin Can Island areas, which had been driven away by the severe logistical challenges.

The restoration of these critical routes is also anticipated to enhance Nigeria’s competitiveness in international trade by facilitating smoother and more efficient port operations.

Following the inauguration of the port access roads, President Tinubu is also scheduled to flag off the Lagos to Calabar coastal road project at Victoria Island in Lagos.

Also, he will virtually inaugurate the newly rehabilitated 3rd Mainland Bridge, further underscoring his administration’s commitment to revitalizing Nigeria’s infrastructure.

The series of inaugurations and project launches underscore a broader strategy to enhance connectivity, reduce operational bottlenecks, and stimulate economic growth through improved infrastructure.

The completion of the Apapa and Tin Can Island port roads is a pivotal step in this direction, promising a new era of efficiency and productivity for Nigeria’s maritime sector.

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