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Economic Reforms: I Have No Cabal Or Sponsors To Compensate —Tinubu
President Bola Tinubu has allayed fears of manipulation by any interest group in the ongoing economic reforms, saying his campaign was self-sponsored, without strings, or indebtedness to any individual or institution.
The President, who received a delegation of Islamic leaders led by Sheikh Bala Lau, at the State House on Thursday, said his victory at the polls was purely by divine intervention, careful planning, and diligence in getting support from Nigerians.
“I have no cabal. I have no sponsors. The money I spent on the elections was my personal fortune. At some point, the odds were against me; banks were locked. But Allah, the Almighty God, said I will be the President.
Mine is to now follow the leading and teaching of the Almighty God.
“One of the most potent elements of defence is a good conscience. It is also a defence against corruption.“What should be uppermost in our minds is the future of our children.
We have a lot to teach them on what it takes to be a good citizen and what it takes to be a responsible citizen,’’ the President stated.
President Tinubu said protests, fuelled by anger and hate, could degenerate into violence and set the country backwards.
“We are reworking the social welfare scheme to reach the ward level, which is the closest to our people. We will ensure that we re-establish connection with the wards, again, so that we can give allowances to the poor and the vulnerable.
“The student loans will pay for school fees. There will be monetary support for the education of our children. Consumer credit will support citizens in buying cars and houses, and they can repay them gradually.
“We have increased the minimum wage by more than 100 per cent,’’ the President said.
President Tinubu said the sponsors of protests place their selfish ambitions above the national interest.“The sponsors of protests do not love our country.
They have no love for the nation. They do not understand citizenship. They have alternative passports.“They are in different parts of the world holding meetings virtually.
“We do not want to turn Nigeria into Sudan. We are talking about hunger, not burials. We have to be careful. We should be careful with premature politics; politics of hate, and anger.
“The internet has made it possible to hold meetings in artificial settings. They hold meetings and sponsor anger,’’ the President told the religious leaders.
In his remarks, the leader of the delegation, Sheikh Bala Lau, assured the President of support with prayers and more sensitization.“Peace is paramount for us in the country.
Abraham first asked God for peace and guidance,’’ Sheikh Lau noted.
While speaking, the traditional rulers called for calm over the planned nationwide protest to demonstrate against the prevailing economic hardship in Nigeria.
The protest which is billed to begin from August 1st, 2024 has garnered traction on social media.
“We will listen to our youths because they lead the future. The power and the strength of Nigeria are certainly with the young people,” the Dein of Agbor, HRM Benjamin Keagborekuzi said after the meeting.
“We feel your pain.
I’m a young person myself. It’s been 24 years that I’ve been back and it’s been 24 years that I’ve sadly seen the nation going in a very unpalatable direction.
But by God’s grace, I think if you would give us the chance, this protest, I know that it’s catching you very, very high in the net.
But if you give us the chance, let us not destroy our own country. ”On his part, the Emir of Zazzau Ahmed Bamalli said the country’s leaders are worried about the planned protest but called “on our people to exercise patience and to listen to the words of wisdom”.
“Well, the message we are taking back to our people is to be calm, to exercise patience, and also to listen to the words of wisdom coming from the traditional rulers and from the governors because we have spoken to the President and he has given us the blueprint of what he has been doing over time,” he said.
The Ooni of Ife Oba Adeye Enitan Ogunwusi also followed a similar line but called for caution so the protest would not be hijacked.
“We traditional rulers are not engaged in people, especially the youth coming out to start looting to start breaking down law and order. We are parents, we are traditional rulers, we are closer to them,” he said.
“We are going to go back home and continue to engage them.
It is very difficult to build, but it is the easiest to destroy. We are all stakeholders in this country. We should be stronger as a nation together, than stronger individually.”
Thursday’s meeting is part of a last-minute push by the President Tinubu administration – which has come under severe criticism over its policies – to avert the planned protest.
Following the removal of fuel subsidy and the floating of the naira since the inception of the Tinubu government, the cost of living has soared, prompting the administration to reel out a raft of measures including a new minimum wage and the distribution of palliative. He has also called for patience.
But these efforts, many argue, are yet to do much in addressing the challenges.
In the wake of the planned protest scheduled to be held nationwide, security agencies have warned the organisers who have remained faceless to shelve the demonstration.
They fear it may be hijacked by criminal elements, and turning violent like the EndSARS protest of 2020.
Several groups have also pulled out of the scheduled demonstration, but proponents argue that it is the citizens’ right to protest perceived ill-treatment from the government.
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16-Year-Old Osasere Okundaye Becomes Nigeria’s Youngest Chartered Accountant
In a remarkable feat that has captured national attention, 16-year-old student Osasere Okundaye has emerged as Nigeria’s youngest chartered accountant, shattering the previous record set in 2022.
Okundaye successfully completed the professional examinations of the Institute of Chartered Accountants of Nigeria (ICAN), earning widespread acclaim as a shining example of youthful excellence and determination. Her achievement comes at an age when many peers are still navigating secondary education or early university studies.
Minister of Youth Development Ayodele Olawande congratulated the young prodigy, describing her accomplishment as an inspiring milestone. “I heartily congratulate Miss Osasere Okundaye on her outstanding achievement of becoming Nigeria’s youngest Chartered Accountant at just 16 years of age,” the minister said, highlighting her hard work and resilience as a symbol of the potential within Nigerian youth.
Okundaye’s success surpasses the record previously held by Jonathan Adewale (also known as Ojo Jonathan Adewale), who qualified as a chartered accountant at age 17 in 2022. Her qualification has sparked pride across the country and renewed focus on empowering young Nigerians in professional fields.
While full ICAN membership typically requires additional practical experience (usually three years), Okundaye’s completion of the rigorous exams marks a historic breakthrough. Details about her educational background and the journey to this achievement are still emerging, but her story is already motivating aspiring accountants and students nationwide.
This milestone underscores the growing narrative of exceptional young talent driving Nigeria forward in various sectors. Congratulations poured in from across social media and media outlets, celebrating Okundaye as a beacon of hope for the nation’s future.
News
JUST IN: Vigilante Groups Rescue Kidnapped NECO Students in Borno State
Local vigilante groups have successfully rescued several students of the National Examinations Council (NECO) who were abducted in Borno State, security sources confirmed on Monday.
The students were reportedly kidnapped while traveling or residing in the area for examination purposes. Details of the exact number rescued and the circumstances of the abduction remain limited, but eyewitness accounts indicate that vigilante fighters acting on intelligence engaged the kidnappers, leading to the release of the captives without major casualties reported among the students.
A community leader in the affected area praised the swift response of the vigilantes, stating that their deep knowledge of the local terrain played a crucial role in tracking the abductors. “These boys and girls were on their way to pursue their education. We thank God and our local defenders for bringing them back safely,” he said.
Borno State has faced persistent security challenges, including banditry and insurgent activities that have occasionally targeted schools and students. The rescue operation highlights the growing reliance on community-based security networks in complementing efforts by the Nigerian military and police in the region.
Authorities are yet to issue an official statement on the incident, but sources say efforts are ongoing to reunite the rescued students with their families and provide necessary medical and psychological support. Investigations into the kidnapping are also underway to apprehend those responsible.
This latest incident comes amid broader concerns over the safety of students in northern Nigeria during examination periods.
News
EFCC Charges Former Port Harcourt, Warri Refinery MDs with Money Laundering
Nigeria’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC), has filed separate money laundering charges against the immediate past Managing Directors of the Port Harcourt Refining Company (PHRC) and the Warri Refining and Petrochemical Company (WRPC).
The accused are Ahmed Adamu Dikko, former MD of the Port Harcourt Refinery, and Jimoh Olasunkanmi Yisawu, former MD of the Warri Refinery. The charges stem from the alleged diversion and laundering of funds earmarked for the rehabilitation of Nigeria’s state-owned refineries.
According to court documents and investigations by PREMIUM TIMES, the EFCC accused the former officials of abusing their positions by receiving and laundering large sums of money through third parties in connection with controversial turnaround maintenance contracts.
The probe forms part of a broader investigation into alleged fraud involving billions of dollars linked to the rehabilitation of the Port Harcourt, Warri, and Kaduna refineries. EFCC sources have indicated that the total amount under scrutiny runs into billions, with earlier recoveries reported at ₦38.66 billion alongside other properties.
The charges include multiple counts of money laundering, with Dikko and Yisawu allegedly involved in diverting public funds meant for critical refinery upgrades. This comes amid ongoing scrutiny of officials from the Nigerian National Petroleum Company Limited (NNPCL) and contractors involved in the projects.
The development is the latest in a series of actions by the EFCC targeting alleged corruption in Nigeria’s oil sector, where massive investments in refinery rehabilitation have yielded limited operational improvements despite significant expenditures.
As of the time of filing, court proceedings for the arraignment of the former MDs were underway. The EFCC has not yet issued an official statement on the matter.
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