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Falana To FG: Shun World Bank, AfDB Loans

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Femi-FalanaHuman rights lawyer, Mr. Femi Falana (SAN) yesterday cautioned the federal government against taking loans from the World Bank and African Development Bank (AfDB) in order to fund the 2016 budget.

The government has proposed N6.08 trillion for the 2016 fiscal year with a deficit of over N1.8 trillion to be financed via domestic and foreign borrowing.

In a statement he issued on Sunday, the senior lawyer argued that if the over $25 billion (about N5 trillion) debt allegedly accumulated by the Assets Management Corporation of Nigeria (AMCON) could be recovered, it should fund the budget without borrowing.

He said the amount being owed far exceeds the $3.5bn government intends to borrow.

Falana listed another source of funding as monies recovered from various audits carried out by the National Extractive Industries Transparency Initiative (NEITI), among others.

According to him, if the FG goes ahead to take the loans from the World Bank and AfDB, the conditions attached would become a burden to the country.

The rights lawyer, however, acknowledged the government’s efforts in recovering stolen funds, especially the ongoing arms probe.

While acknowledging the concerted efforts to recover the looted wealth of the nation through the anti-graft agencies and the arms procurement panel, Mr. Falana was of the view that the Buhari administration should embark on the immediate recovery of the aforesaid loans and accrued revenues with a view to financing the 2016 budget and infrastructure development.

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National Broadcast: PDP Slams Buhari Over ‘Disappointing, Empty’ Speech – PDP

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National Broadcast: PDP Slams Buhari Over 'Disappointing, Empty' Speech – PDP
National Broadcast: PDP Slams Buhari Over 'Disappointing, Empty' Speech – PDP

Muhammadu Buhari

The Peoples Democratic Party (PDP) has blasted President Muhammadu Buhari over his nationwide broadcast over the ongoing #EndSARS protest rocking the country.

Recall that Buhari in his speech called for an end to the protest, adding that his government had already accepted and started implementing demands of the protesters.

He, however, failed to acknowledge the shooting of protesters by soldiers of the Nigerian Army at the Lekki Toll Gate on Tuesday night.

Also Read: President Muhammadu Buhari’s speech – Full text

Reacting in a statement on Thursday night by its spokesperson, Kola Ologbodinyan, the PDP said Buhari’s address was depressing and failed empathy test.

The party appealed to Nigerians, particularly the youth, to remain calm and allow a return to normal life in the collective quest for peaceful co-existence in the overall interest of the nation.

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PDP Asks Buhari To Stop Killing Of #EndSARS Protesters Across Nigeria

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PDP Asks Buhari To Stop Killing Of #EndSARS Protesters Across Nigeria

PDP

The Peoples Democratic Party (PDP) has condemned the killing of peaceful #EndSARS protesters at the Lekki Toll Gate, Lagos.

This was contained in a statement titled “EndSARS- Lekki Massacre,” signed by the PDP National Publicity Secretary, Kola Ologbondiyan, late on Tuesday.

Ologbodiyan said, “The Peoples Democratic Party, condemns in very strong terms, the killing of peaceful protesters at the Lekki Toll Gate in Lagos as well as other parts of our country.

Also Read: Shehu Sani Condemns Shooting Of #EndSARS Protesters At Lekki Toll Gate

“It is shocking that security agents and, in some cases, thugs, were reportedly deployed to end the lives of promising Nigerians. This, to say the least, is saddening.

“Those responsible for the heinous murder of the innocent and harmless Nigerians must account for their nefarious acts.

“The PDP calls on President Muhammadu Buhari to immediately direct an end to these wanton killings across our nation.

 

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#EndSARS: Gov Bello Warns Protesters Against Overthrowing Buhari

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Gov Yahaya Bello
#EndSARS: Gov Bello Warns Protesters Against Overthrowing Buhari

Governor Bello

The Governor of Kogi State, Yahaya Bello has declared his intention to lead the #EndSARS protest against police brutality ongoing nationwide.

He stated this during an interview with Africa Independent Television AIT on Monday night.

Bello called on his fellow state governors to tack charge in their respective states so as to prevent loss of lives and properties due to attacks by hoodlums.

Also Read: Fayemi Names Members Of Judicial Panel On Human Rights Violations By Police

He, however, warned Nigerian youths to resist the temptation of using the current situation in the country to seek an undemocratic change in leadership.

The Governor warned that those interested in the presidency must wait till 2023 and go through democratic processes.

He urged the protesting youths to leave the streets and embrace dialogue.

https://twitter.com/jeffreyetuss/status/1318273749565739011?s=19

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