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Peter Obi, the Labour Party's presidential candidate in the 2023 election, has criticized the Federal Government's plan to acquire new jets for President Bola Tinubu and his deputy, Kashim Shettima. According to a report, the House of Representatives Committee on National Security and Intelligence has asked the government to purchase these new aircraft.

Obi, citing the country's current economic hardships, said this move demonstrates the government's "extreme insensitivity to citizens' struggles." In a series of social media posts, the former Anambra governor noted that the decision is disconnected from the pressing issues of rising insecurity, poverty, hunger, and homelessness plaguing the nation. He described the decision as unacceptable, arguing that the situation demands a more compassionate use of resources, with a focus on improving citizens' welfare.

Obi pointed out that the average age of Nigeria's presidential jets is 12 years, purchased when most Nigerians could afford basic necessities. However, he said that now, as the country faces significant challenges, including a high debt profile, citizens are in even greater need. Obi argued that instead of adding to the government's luxuries, the focus should be on alleviating the suffering of the people and finding solutions to their problems.

The former governor criticized the government's priorities, stating that they are at odds with the needs of society, which is why the country is headed in the wrong direction. He cited examples, such as the government spending $15 million on the Vice President's residence, while the United States, with a much larger economy and higher per capita income, houses its Vice President in a house built over 100 years ago, valued at around $7.5 million. Obi called for an end to this "impunity, insensitivity, and shamelessness" and urged the government to prioritize education, healthcare, and lifting citizens out of poverty.

On Thursday, President Bola Tinubu welcomed President Bassirou Diomaye Faye of Senegal at the Presidential Villa. During their brief meeting, Tinubu emphasized the need for a unified approach in West Africa to effectively tackle regional challenges.

Tinubu stressed the importance of collective action to overcome issues such as terrorism, banditry, human trafficking, and poverty. He highlighted that regional leaders must prioritize their people in governance, as the essence of democracy is lost if the people are not at the forefront.

The president reiterated the sanctity of democratic governance, values, and constitutional order, insisting that these principles must be upheld. He also underscored the importance of respecting critical institutions like the judiciary and adhering to the rule of law to sustain democracy.

“Senegal has demonstrated to the world the strength of constitutional democracy. It’s a pleasure to host you and address the hopes and aspirations of our youth. You exemplify the ideals we strive for,” President Tinubu remarked.

Tinubu reflected on the strong bond between Nigeria and Senegal, noting their long history of cooperation. He highlighted the shared commitment to democracy and the hard work required to sustain it for the benefit of the people.

“I am pleased to see you as a symbol of patience, perseverance, and dedication to democratic values,” Tinubu continued. “We must collaborate to ensure our people remain the focus of our democratic efforts. Your belief in Africa's sovereignty resonates with us all. However, achieving this requires adherence to the rule of law and preventing unconstitutional power seizures.”

As Chairman of ECOWAS, Tinubu invited President Faye to join in persuading other regional leaders to uphold democratic principles. “We will continue to work together, fostering economic growth, development, and governance. It’s our responsibility to assure our people and fulfill our commitments,” Tinubu concluded.

In a recent development, the Ogun State Government has taken decisive action against the proliferation of illegal structures surrounding school premises and marketplaces as part of its Safer School Initiative. This initiative aims to create a secure learning environment by eliminating criminal elements.

Farooq Akintunde, the Senior Special Assistant to the Governor on Environment, emphasized that the government had issued notices to the owners of approximately 200 shanties, illegal structures, and makeshift shops about six months prior, urging compliance. However, these warnings were disregarded.

The government's intervention unfolded as bulldozers descended upon areas such as Kuto, Idi-Aba, Oke Ijeun, and Panseke, dismantling the unauthorized constructions. Among the affected locations were St. John Primary School in Kuto, Nawairudeen Primary and Secondary School in Oje Ijeun, and Government Technical College in Idi-Aba.

Akintunde, leading the taskforce, also oversaw the removal of makeshift shops in the Panseke vicinity, targeting those impeding traffic flow.

Explaining the rationale behind the initiative, Akintunde emphasized the paramount importance of preserving an undistracted learning atmosphere for students. He highlighted the risk posed by these structures, often serving as hideouts for criminals, potentially facilitating criminal activities like kidnapping. This proactive measure aligns with the government's commitment to safeguarding its citizens, particularly vulnerable groups like children.

Furthermore, Akintunde issued a stern warning to school administrators involved in allocating unauthorized spaces to traders, emphasizing that such actions are illegal and subject to legal repercussions. He stressed that educators are entrusted with the task of imparting knowledge, not leasing government property, and cautioned against engaging in unauthorized transactions that could lead to legal entanglements.

The Minister of Power, Adebayo Adelabu, recently made a significant announcement regarding the future of electricity subsidies in Nigeria. In a press conference held in Abuja on Wednesday, Adelabu emphasized that the country can no longer sustain the practice of subsidizing electricity.

According to Adelabu, Nigeria must transition to a more sustainable tariff model to address its mounting debt to generating companies (GenCos) and gas suppliers. Currently, the country owes approximately 1.3 trillion naira to GenCos and 1.3 billion dollars to gas companies.

During the press conference, Adelabu revealed that only 450 billion naira was allocated for electricity subsidy in the current year's budget, falling far short of the required funds. The ministry estimates a need for over two trillion naira to maintain subsidy levels.

Furthermore, Adelabu announced a significant policy change, allowing states to independently generate power. This move marks a shift towards decentralization in the power sector.

The minister's statements underscore the urgent need for Nigeria to transition towards a cost-effective tariff system and address its outstanding debts. As the country embarks on this transition, stakeholders will need to closely monitor developments in the power sector to understand the implications for consumers and the broader energy landscape.

Access Holding Plc has officially announced the passing of its Chief Executive Officer, Herbert Wigwe. Sunday Ekwochi, the company secretary, made this disclosure in a statement released on Sunday, revealing that Wigwe, along with his wife and son, tragically lost their lives in a helicopter accident in the United States on Friday, February 9, 2024.

In the statement, the bank expressed profound sadness at the loss, highlighting Wigwe's pivotal role as a driving force with a larger-than-life personality within the organization. The Board of Directors mourned the loss of Dr. Herbert Wigwe, CFR, acknowledging his significant contributions to Access Bank Plc since he joined the organization in 2002.

Abubakar Jimoh, Chairman of Access Holdings, reflected on Wigwe's legacy, praising his intellect, personal qualities, and extensive business experience, which greatly benefited the Access Family. The statement also mentioned the forthcoming appointment of an Acting Group Chief Executive Officer in accordance with the company's policy, expressing confidence in the Access Group's ability to continue building on Dr. Wigwe's legacy of growth and operational excellence.

Herbert Wigwe, his wife, son, and others tragically lost their lives in a helicopter crash in California, United States. Herbert Wigwe, born on August 15, 1966, hailed from Rivers state and passed away at the age of 58.

According to United States authorities, preliminary investigations into the tragic helicopter crash resulting in the demise of Access Holding Plc's Group Chief Executive Officer, Herbert Wigwe, his wife, son, and others, suggest wintry weather conditions as a contributing factor.

During a media briefing held Saturday (3 am Nigerian time, Sunday), Michael Graham, a member of the National Transportation Safety Board, revealed that officials were at the crash site to collect time-sensitive evidence. Graham noted witness reports indicating rain and wintry mix conditions at the time of the accident.

Graham further disclosed that the helicopter lacked a cockpit voice recorder or flight data recorder, as it was not mandated to have such recording devices.

Regarding passenger details, Graham mentioned a lack of specific information, indicating that any names would be released through the coroner's office, although a timeframe was not specified.

In the wake of the tragedy, Access Bank issued a statement on Sunday confirming the passing of Herbert Wigwe and his family members.

Herbert Wigwe, the co-founder of Access Bank and the founder of Wigwe University, has tragically passed away in a helicopter crash in California, United States.

Wigwe, who also served as the Chief Executive Officer (CEO) of Access Holdings, the parent company of Access Bank, was reportedly traveling with his wife, son, and three other passengers. The helicopter was en route to Las Vegas when it crashed near the border between Nevada and California on Friday night.

The US government has confirmed that there were no survivors among the six individuals aboard the helicopter. The crash occurred around 10:00 pm local time near Nipton, California, an unincorporated community approximately 60 miles south of Las Vegas in eastern San Bernardino County.

Mara Rodriguez, a public information officer with the department, stated that officials from the San Bernardino County Sheriff’s Department were alerted to the downed aircraft at 10:12 pm local time. The crash site was identified east of Interstate 15, near Halloran Springs Road.

While The New York Times has verified the incident, the names of the passengers have not been disclosed. As of now, no official statement has been released regarding the tragic event.

In a recent exchange, former Vice President Atiku Abubakar attributed Nigeria's economic challenges to the "poor policies" of President Bola Tinubu. However, the Presidency responded, accusing Atiku of hypocrisy and failing to propose better policy alternatives. Atiku criticized Tinubu's economic policies, stating that they are causing pain, despair, and a shrinking private sector. He also questioned the effectiveness of Tinubu's budget and characterized his initiatives as uninformed and chaotic.

On the other hand, the Special Adviser to the President on Information & Strategy, Bayo Onanuga, dismissed Atiku's criticism, claiming it reflects a mission as a poor opposition figure. Onanuga defended Tinubu's reforms, including the removal of petrol subsidy and harmonization of exchange rates, emphasizing their long-term benefits. He countered Atiku's claims about a shrinking private sector and multinational companies leaving, stating they are not grounded in facts.

The Presidency highlighted Tinubu's acknowledgment that the reforms would cause immediate pain but insisted they are essential for future prosperity. Onanuga urged Atiku to be honest about the inherited weak economy and commended President Tinubu's focus on solving economic and security challenges through fiscal and tax policy reforms. Despite Atiku's criticism, the Presidency emphasized its commitment to nation-building and economic recovery initiated by President Tinubu.