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N80bn Bayelsa Airport: APC Kicks Over Outrageous, Inflated Amount

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  • N80bn Bayelsa Airport: APC Kicks Over Outrageous, Inflated Amount

The All Progressives Congress (APC) in Bayelsa says the ‘astronomical’ rise in cost of the Bayelsa Cargo Airport from N40 to N80 billion is worrisome and a waste of public funds.

The APC said that the reaction of Bayelsa Government to its allegation on the project was a failed attempt to divert attention from obvious lack of fiscal discipline and prudence by the state government.

The party said that “serious issues of accountability, due process and democratic governance” raised in its Nov. 15 statement regarding the airport project was never addressed.

Mr Doifie Buokoribo, the APC Publicity Secretary in Bayelsa, said in a statement in Yenagoa on Monday that the state government had carefully avoided the critical concerns raised by the party.

The party said that by the diversionary response, the Dickson government had only confirmed the allegation, stressing that “Governor Dickson is guilty as charged.”

The APC had criticised the Bayelsa Government for borrowing from the money market at the current high interest rate and described it as a ploy to siphon public funds.

It alleged that the high interest of N62 billion to be paid on the N80 billion loan would stifle the state of funds through the monthly repayment obligations in the next eight years.

It said that the project lacked vital intermodal network for easy accessibility.
The APC said that the N80 billion project was inflated and described it as “clearly the most expensive airport project in Nigeria.”

Buokoribo said that Bayelsa Government’s response was silent on the economic viability of funding such a capital intensive project from the money market at huge interest rates.

“The Bayelsa State Government’s reaction to our statement of Nov. 15, 2018, on the Bayelsa Airport scam did not address any of the issues we raised. This is unfortunate, but understandable.

“Unfortunate because the government is attempting to divert the attention of the Bayelsa populace from the serious issues of accountability, due process and democratic governance.

“These concerns underscore our party’s intervention. We said the airport project is a fraud. We said at more than N80 billion, it is grossly inflated.

“We said the airport project is a deliberate cover by Gov. Seriake Dickson to launder state’s funds. We have no reason whatsoever to change our well thought-out position.

“Rather than address the concerns we raised, Gov. Dickson, through his Information Commissioner, chose to abuse our party and its leaders.

“The APC is a party of serious-minded people. We are not in competition with anyone as to who will emerge best in exchange of insults and abuse. We are focused on a better life for all the people of Bayelsa State,” he said.

The News Agency of Nigeria (NAN) recalls that Bayelsa Commissioner for Information, Mr Daniel Iworiso-Markson, had during an inspection tour of the airport in August, put the cost at N90 billon.

In his reaction, Iworiso-Markson said the past administration in the state failed to give the people the desperately needed international airport between 2007 and 2011.

Iworiso-Markson said that the Gov. Timipriye Syla-led administration (now in APC) failed to build an airport in spite of the huge resources at the disposal of his administration.

According to him, the past administration used what should have been a laudable idea of an airport project to milk the state and siphoned billions of naira into private pockets.

The commissioner challenged the APC to tell Bayelsa people and Nigerians what the former governor did with N300 billion agriculture loan the state took from the World Bank.

According to him, the past administration also frittered away the N3 billion Millennium Development Goal (MDG) funds made available to the state and foisted a bond obligation of N125 billion on the state.

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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Netanyahu Stands Firm as US Halts Bomb Shipment Over Rafah Invasion Warning

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Amidst escalating tensions between Israel and the United States, Israeli Prime Minister Benjamin Netanyahu has adopted a defiant stance following the US decision to halt a shipment of bombs and warned against Israel’s potential invasion of the southern Gaza city of Rafah.

In a bold statement, Netanyahu declared, “If we have to stand alone, we will stand alone,” emphasizing Israel’s resolve to pursue its objectives despite opposition.

The Prime Minister’s comments, delivered via social media and a subsequent interview with American talk show host Dr. Phil, underscore Israel’s determination to address security threats posed by the Gaza Strip, particularly by Hamas militants operating in Rafah.

Netanyahu reiterated the necessity of military action in Rafah to eliminate the remaining Hamas battalions, condemned Hamas’s history of violence and reiterated Israel’s commitment to achieving victory and ensuring the safety of its citizens.

The US administration, led by President Joe Biden, expressed concerns over the potential humanitarian impact of an Israeli invasion of Rafah, prompting the decision to withhold additional offensive weapons shipments to Israel.

Biden’s statement echoed broader international apprehensions about the escalation of violence and civilian casualties in the conflict-stricken region.

However, Netanyahu remained resolute in Israel’s approach, asserting the country’s right to defend itself against security threats. He emphasized Israel’s efforts to minimize civilian casualties and facilitate the evacuation of civilians from Rafah before any military action.

Despite the US’s decision to pause the bomb shipment, Netanyahu affirmed Israel’s commitment to its longstanding alliance with the US. He acknowledged past disagreements between the two nations but expressed optimism about resolving current tensions through dialogue and cooperation.

In response, White House officials reiterated the US’s support for Israel’s security while urging restraint and emphasizing the need to avoid actions that could exacerbate the humanitarian crisis in Gaza.

The administration clarified that the decision to halt the bomb shipment was aimed at preventing potential civilian casualties in Rafah.

The confrontation between Israel and the US underscores the complexity of navigating regional conflicts and balancing strategic interests. As tensions persist, both nations face the challenge of reconciling their respective security imperatives with broader humanitarian concerns, seeking to avert further escalation while addressing the root causes of the conflict in the Middle East.

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EFCC Declares Former Kogi Governor, Yahaya Bello, Wanted Over N80.2 Billion Money Laundering Allegations

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The Economic and Financial Crimes Commission (EFCC) has escalated its pursuit of justice by declaring former Kogi State Governor, Yahaya Bello, wanted over alleged money laundering amounting to N80.2 billion.

In a first-of-its-kind action, the EFCC announced Bello’s wanted status in connection with the alleged embezzlement of funds during his tenure as governor.

The commission, armed with a 19-count criminal charge, accused Bello and his cohorts of conspiring to launder the hefty sum, which was purportedly diverted from state coffers for personal gain.

The declaration of Bello as a wanted fugitive came after a series of failed attempts by the EFCC to effect his arrest.

Despite an ex-parte order from Justice Emeka Nwite of the Federal High Court, Abuja, mandating the EFCC to apprehend and produce Bello in court for arraignment, the former governor managed to evade capture with the reported assistance of his successor, Governor Usman Ododo.

This latest development shows the challenges faced by law enforcement agencies in holding powerful individuals accountable for their actions.

However, it also demonstrates the unwavering commitment of the EFCC to uphold the rule of law and ensure that justice is served, irrespective of the status or influence of the accused.

In response to the EFCC’s declaration, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, issued a stern warning to Bello, stating that fleeing from the law would not resolve the allegations against him.

Fagbemi urged Bello to honor the EFCC’s invitation and cooperate with the investigation process, saying it is important to uphold the rule of law and respect the authority of law enforcement agencies.

The EFCC’s pursuit of Bello underscores the agency’s mandate to combat corruption and financial crimes, sending a strong message that individuals implicated in corrupt practices will be held accountable for their actions.

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Concerns Mount Over Security as National Identity Card Issuance Shifts to Banks

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Amidst the National Identity Management Commission’s (NIMC) recent announcement that the issuance of the proposed new national identity card will be facilitated through applicants’ respective banks, concerns are escalating regarding the security implications of involving financial institutions in the distribution process.

The federal government, in collaboration with the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS), introduced a new identity card with payment functionality, aimed at streamlining access to social and financial services.

However, the decision to utilize banks as distribution channels has sparked apprehension among industry stakeholders.

Mr. Kayode Adegoke, Head of Corporate Communications at NIMC, clarified that applicants would request the card by providing their National Identification Number (NIN) through various channels, including online portals, NIMC offices, or their respective banks.

Adegoke emphasized that the new National ID Card would serve as a single, multipurpose card, encompassing payment functionality, government services, and travel documentation.

Despite NIMC’s assurances, concerns have been raised regarding the necessity and security implications of introducing a new identity card system when an operational one already exists.

Chief Deolu Ogunbanjo, President of the National Association of Telecoms Subscribers, questioned the rationale behind the new General Multipurpose Card (GMPC), citing NIMC’s existing mandate to issue such cards under Act No. 23 of 2007.

Ogunbanjo highlighted the successful implementation of MobileID by NIMC, which has provided identity verification for over 15 million individuals.

He expressed apprehension about integrating the new ID card with existing MobileID systems and raised concerns about data privacy and unauthorized duplication of ID cards.

Moreover, stakeholders are seeking clarification on the responsibilities for card blocking, replacement, and delivery in case of loss or theft, given the involvement of multiple parties, including banks, in the issuance process.

The shift towards utilizing banks for identity card issuance raises fundamental questions about data security, privacy, and the integrity of the identification process.

With financial institutions playing a pivotal role in distributing sensitive government documents, there are valid concerns about potential vulnerabilities and risks associated with this approach.

As the debate surrounding the security implications of the new national identity card continues to intensify, stakeholders are calling for greater transparency, accountability, and collaboration between government agencies and financial institutions to address these concerns effectively.

The paramount importance of safeguarding citizens’ personal information and ensuring the integrity of the identity verification process cannot be overstated, especially in an era of increasing digital interconnectedness and heightened cybersecurity threats.

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