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My Hands Are Tied On Ambode’s 2nd Term – Tinubu Cry To Adeboye of RCCG

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POLITICS – Current update as the last may not have been heard of the controversies trailing the second term bid of Governor Akinwunmi Ambode of Lagos State as Asiwaju Bola Tinubu reportedly told the General Overseer of the Redeemed Christians Church of God, Pastor Adeboye, that he (Tinubu), will not prevail on any of the aspirants to step down.

This was as one of the aspirants and former Commissioner for Works and Infrastructural Development, Dr. Obafemi Hamzat confirmed Tinubu’s stance on the September 26 primary, saying the national leader of the All Progressives Congress (APC) has no anointed candidate among the contenders.

Saturday Telegraph authoratively gathered that Pastor Adeboye’s intervention is one of the latest moves by Ambode to persuade Tinubu to support his second term bid just like he did in 2015.

It was learnt that the revered Christian leader had inquired through telephone conversation with Tinubu to know how the issue of the APC primary could be resolved.

But the former governor insisted on direct primaries in the interest of fairness and justice for those who had obtained the APC forms for governorship primary in the party.

Although the telephone conversation, which had been converted into a text was silent on what Pastor Adeboye said, Tinubu was quoted to have maintained his posture that all contenders should go to the field and test their popularity before the people they want to govern.

The APC leader said he had been accused of imposition in the past and would not want to be seen as imposing any aspirant on the people in line with what democracy entails. Tinubu in the text message which was going viral on twitter told Pastor Adeboye that: “Sir, people have been accusing me of imposition.

They say I imposed candidates at will.

That’s why I said all aspirants including the governor to get to the field and test their popularity among the people in an open contest of direct primaries.

“Sir, my hands are tied on his matter, I cannot ask those who have picked the expression of interest and nomination forms to withdraw or not contest. That will be greatly unfair. We will ensure a level-playing ground for all the governorship aspirants including the incumbent governor.”

A source close to Tinubu, who chose to be anonymous because he was not authorised to speak on the matter, confirmed that there was a conversation between the APC leader and Pastor Adeboye on Ambode’s second term.

He said: “It’s true that baba (Pastor Adeboye) had intervened and Asiwaju also responded.

It is not in doubt that Asiwaju has a tremendous respect for the man of God and this is clear from his response. I will leave you to interpret his response and decide whether Asiwaju will ask one aspirant to step down for another.”

Meanwhile, Hamzat has said politicians will tell all forms of lies to create impressions that they have been anointed by the party’s national leader, saying that the former governor had promised to ensure a level playing field among them.

Hamzat said: “That was exactly what he (Tinubu) told me too. That was exactly what I am saying. He has said it publicly, so behind him, people can say anything. You will see all sorts of thing flying in the newspapers and social media that are not true. That is what we know.

He has said it repeatedly to everyone. He said it to me personally that he has no chosen candidate. Everybody should go and contest, should go and meet the people and talk to them and that is what I will do.”

Asked if he was not worried by the claim of the supporters of Babjide Sanwo- Olu that he has the blessing of Tinubu, Hamzat said: “Well I can only speak base on what I know. I met the national leader one-on-one and what he told me was what he said publicly.

He also said it at a stakeholders’ meeting that he doesn’t have a candidate. So, everybody can say whatever they like but you know, all the candidates will say they have his backing.”

 

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Amaechi was behind plot to destroy CJN, says Wike

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Governor Nyesom Wike of Rivers State, has said that the Minister of Transportation was behind the plot to destroy the Chief Justice of Nigeria, CJN, Justice Walter Onoghen.

Governor Nyesom Wike of Rivers State, has said that the Minister of Transportation was behind the plot to destroy the Chief Justice of Nigeria, CJN, Justice Walter Onoghen.

“He wants to destroy the nation’s judiciary.  This particular evil will finally consume Amaechi.” The governor wondered why Amaechi would say that PDP was a party of thieves when he was Speaker for eight years under the PDP and eight years as governor under the PDP.

Reacting to Wike’s accusation, an APC Chieftain, Prince Tonye Princewill, said “People have learnt to disregard what Wike says and this gibberish is no exception.

“Many of us can remember when he called a press conference over missing money in Ikeja, Lagos and his ultimatum to the Federal Government. The man is not worthy of a considered response.

Good luck to anyone who takes him seriously.”

Read more at: vanguardngr

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RANKING: Best and worst performing banks of 2018

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The year 2018 has been very challenging and equally eventful for the Nigerian banking sector. Skye Bank morphed into Polaris Bank, while Access Bank and Diamond Bank are fixing the bolts and nuts of the biggest banking deal of 2018.

The banking sector, which controlled trillions of naira in market value and transactional strength in 2018, also had a bleeding year, as many of the listed entities had massive declines in share price and market capitalisation.

The biggest bank in Nigeria, by market cap, for 2018 is Guaranty Trust Bank (GTB), with a year-end market cap of over N1 trillion at the Nigerian Stock Exchange (NSE).

Unity Bank had the smallest market cap by the end of the year, but had a drastic increase in market value, with a 109.8 percent increase in share price, to lead the pack as the best performing bank at the exchange for 2018.

Access Bank, on its way to becoming Nigeria’s largest bank, come 2019, had the worst year, in terms of market value, shedding 35.05 percent of its share price in 365 days.

Since the Herbert Wigwe-led bank made the move to acquire Diamond Bank, the latter has gained more than 45 percent in market value, becoming the bride of the Nigerian bourse.

The ranking above is basically driven by market forces and share value, it does not directly take into account corporate governance issues, non-performing loans (NPLs), and other management factors.

By market cap, the leading banks for 2018 are GTB, Zenith Bank, Stanbic IBTC, Ecobank and First Bank of Nigeria.

Banks not listed on the Nigerian Stock Exchange (NSE), such as Keystone Bank, were not taken into consideration while compiling this list.

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We Are On Mission To Rescue Nigeria From Greedy Few – Buhari

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President Muhammadu Buhari says his administration is on a mission to rescue the nation’s resources from being appropriated by “a privileged few in their never-ending quest to satisfy their greed”.

The President stated in his New Year message to Nigerians which was issued by his Special Adviser on Media and Publicity, Mr. Femi Adesina, in Abuja on Monday.

To this end, the president said the All Progressives Congress-led Federal Government had resolved to build a country in which the resources were utilized for the benefit of citizens, irrespective of their socio-political affiliations.

He said: “That is the journey we have embarked on since we came on board in 2015, and we are not distracted as we move on.

“We are resolved to build a country in which the resources are utilized for the benefit of the largest number, and not appropriated by a privileged few in their never-ending quest to satisfy their greed.

“We are on this mission together, and I assure you of a firm commitment to the ideals of a safe, secure, fair, just and prosperous country.’’

According to him, Nigerians desire peace, security, prosperity, inclusiveness and infrastructure development, a nation they can be proud of, a country that can hold its own among the nations.

He, however, stated that those who continued to trumpet falsehood and negativity were on their own, fighting a losing battle.

He noted that “the greater number of Nigerians are trusting and believing that we shall deliver on our promises for a level playing field at the polls, and that is what we shall do’’.

He, therefore, reiterated his promises and declarations that the general elections would be free, fair and credible.

“Elections need not be done or die affair, and we should not approach that eventuality in a democracy with trepidation and mortal fear.

“Happily, a large number of presidential candidates have committed to peace, and peace we shall have,’’ he added.

President Buhari acknowledged that the country had its challenges; ranging from security, economic, political to social, but the government had resolved to combat and overcome them all.

He, therefore, expressed the hope that Nigerians would renew the mandate they overwhelmingly gave the APC in 2015, for another term.

“I appreciate your support and collaboration in previous years, and look forward to same in 2019, and beyond, as I hope you will renew the mandate you overwhelmingly gave us in 2015, for another term.

“We are motivated by nothing other than service to the motherland, and service without selfishness or personal interest.

“I can assure you all that we are making steady and sustainable progress in all areas of national life. Those who are unbiased can see and appreciate the progress the country has made since 2015.

“A New Year provides an opportunity for renewal of commitment, and I invite you to rededicate ourselves to the vision of a Nigeria that works for all.

“We are moving from potentials to actualization, and it’s a task to be accomplished by us all; man, woman, young, old, military, civilian, all Nigerians. Please come along, as we journey to the land of our dreams. Happy 2019,’’ he said.

 

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